Municipal Employees' Retirement System of Michigan Q4 2024 Filing

Filed February 10, 2025

Portfolio Value

$7.3B

Holdings

Report Date

Q4 2024

Filing Type

13F-HR

All Holdings (49 positions)

#	Stock	Shares	Value	% Portfolio
1	QVMLINVESCO SP 500 QVM MULTIFA	30,373,380	$1.0B	14.46%
2	IVVISHARES CORE SP 500 ETF	1,438,577	$846.9M	11.67%
3	SPTISPDR PORT INT TREASURY TERM	26,424,332	$736.7M	10.15%
4	SPTSSPDR PORT SHRT TRM TRSRY	21,803,046	$632.5M	8.72%
5	SCHPSCHWAB US TIPS ETF	15,565,679	$402.1M	5.54%
6	IPACISHARES CORE MSCI PACIFIC ET	6,404,807	$391.3M	5.39%
7	QVMMINVESCO SP MIDCAP 400 QVM M	10,882,576	$312.1M	4.30%
8	SPTLSPDR PORT LNG TRM TRSRY	11,690,404	$306.2M	4.22%
9	IEMGISHARES CORE MSCI EMERGING	4,773,111	$249.3M	3.44%
10	VGKVANGUARD FTSE EUROPE ETF	3,742,619	$237.5M	3.27%
11	XEMDBONDBLOXXJPM USD EM MK 110	4,698,046	$195.8M	2.70%
12	QVMSINVESCO SP SMALLCAP 600 QVM	7,114,414	$192.5M	2.65%
13	ISVLISHARES INTERNATIONAL DEVELO	4,592,859	$157.5M	2.17%
14	MTBASIMPLIFY MBS ETF	3,139,253	$156.0M	2.15%
15	EMHCSPDR BLOOMBERG EM USD BOND	6,460,066	$153.6M	2.12%
16	EMBISHARES JP MORGAN USD EMERGI	1,547,548	$137.8M	1.90%
17	IJHISHARES CORE SP MIDCAP ETF	2,005,373	$125.0M	1.72%
18	XONEBONDBLOXX BBG 1 DUR US TREAS	2,387,980	$118.3M	1.63%
19	BBEUJPMORGAN BETABUILDERS EUROPE	2,042,693	$113.2M	1.56%
20	PICKISHARES MSCI GLOBAL METALS	3,032,992	$106.1M	1.46%
21	FLCAFRANKLIN FTSE CANADA ETF	2,773,743	$101.5M	1.40%
22	GATOGATOS SILVER INC	6,205,259	$86.8M	1.20%
23	RINGISHARES MSCI GLOBAL GOLD MIN	1,901,911	$53.5M	0.74%
24	BBAXJPMORGAN BETABUILDERS DEVELO	910,009	$44.4M	0.61%
25	XBBBONDBLOXXBB RATED USD HY CB	1,037,817	$41.5M	0.57%
26	XFIVBONDBLOXX BBG 5 YR US TREAS	704,064	$33.8M	0.47%
27	XLEENERGY SELECT SECTOR SPDR	392,435	$33.6M	0.46%
28	SPHYSPDR PORTFOLIO HIGH YIELD BO	1,287,376	$30.2M	0.42%
29	XHLFBONDBLOXX BBG 6 MTH US TREAS	448,334	$22.5M	0.31%
30	XTWOBONDBLOXX BBG 2Y US TSY ETF	416,558	$20.4M	0.28%
31	XTREBONDBLOXX BBG 3Y US TSY ETF	402,313	$19.6M	0.27%
32	XSVNBONDBLOXX BBG 7 YR US TREAS	403,857	$18.7M	0.26%
33	XTENBONDBLOXX BBG 10Y US TSY ETF	403,452	$18.1M	0.25%
34	XTWYBONDBLOXX BBG 20Y US TSY ETF	420,244	$16.2M	0.22%
35	VGSHVANGUARD SHORTTERM TREASURY	249,183	$14.5M	0.20%
36	SPYMSPDR PORTFOLIO SP 500 ETF	188,205	$13.0M	0.18%
37	STIPISHARES 05 YEAR TIPS BOND E	121,200	$12.2M	0.17%
38	XBBONDBLOXXB RATED USD HY CB	266,860	$10.5M	0.14%
39	SPDWSPDR PORTFOLIO DEVELOPED WOR	276,169	$9.4M	0.13%
40	SPSBSPDR PORT SHRT TRM CORP BND	228,061	$6.8M	0.09%
41	SPIBSPDR PORT INT CORP BOND ETF	172,439	$5.6M	0.08%
42	XCCCBONDBLOXXCCCUSD HY CORP BD	121,654	$4.8M	0.07%
43	SPEMSPDR PORTFOLIO EMERGING MARK	107,144	$4.1M	0.06%
44	MBBISHARES MBS ETF	43,971	$4.0M	0.06%
45	VGLTVANGUARD LONGTERM TREASURY	63,048	$3.5M	0.05%
46	IJRISHARES CORE SP SMALLCAP E	20,736	$2.4M	0.03%
47	HYBBISHARES BB RATED CORP BOND	43,716	$2.0M	0.03%
48	SPMDSPDR PORTFOLIO SP 400 MID C	26,947	$1.5M	0.02%
49	SPSMSPDR PORTFOLIO SP 600 SMALL	16,642	$748K	0.01%