Portfolio (Quarterly)
Guide ↗
Municipal Employees' Retirement System of Michigan
· CIK 0001588873| # | Ticker | Company | Sector | Shares | Value ↓ | % Port | Chg Shares | Chg % | Period Price ① | Since Period ① |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | QVML | INVESCO S&P 500 QVM MULTIFA | — | 34,132,010.0 | $1.31B | 14.83% | — | — | $38.27 | +15.1% |
| 2 | SPTI | SS SPDR P INT TERM TSY ETF | — | 38,702,475.0 | $1.11B | 12.60% | +1.5M | +3.9% | $28.66 | -1.4% |
| 3 | IVV | ISHARES CORE S&P 500 ETF | — | 1,637,942.0 | $1.07B | 12.15% | +257K | +18.6% | $653.21 | +14.5% |
| 4 | SPTS | SS SPDR P ST TERM TSY ETF | — | 28,085,205.0 | $819.5M | 9.30% | +2.2M | +8.5% | $29.18 | -0.8% |
| 5 | SPTL | SS SPDR PF LNG TRM TSY EUSD | — | 22,999,752.0 | $604.9M | 6.87% | +7.6M | +49.4% | $26.30 | -0.7% |
| 6 | VGK | VANGUARD FTSE EUROPE ETF | — | 6,764,865.0 | $557.6M | 6.33% | -2.4M | -26.0% | $82.43 | +7.1% |
| 7 | SCHP | SCHWAB US TIPS ETF | — | 16,188,586.0 | $430.8M | 4.89% | +940K | +6.2% | $26.61 | -0.9% |
| 8 | SPIB | SS SPDR P INT C CORP ETF | — | 11,704,768.0 | $392.6M | 4.46% | — | — | $33.54 | -0.6% |
| 9 | IJH | ISHARES CORE S&P MIDCAP ETF | — | 5,705,045.0 | $385.3M | 4.37% | +1.1M | +24.1% | $67.53 | +12.6% |
| 10 | QVMM | INVESCO S&P MIDCAP 400 QVM M | — | 11,882,576.0 | $376.6M | 4.28% | — | — | $31.69 | +12.1% |
| 11 | XBB | BONDBLOXXBB RATED USD HY CB | — | 7,372,511.0 | $300.0M | 3.41% | — | — | $40.69 | +0.6% |
| 12 | IEMG | ISHARES CORE MSCI EMERGING | — | 3,313,829.0 | $231.1M | 2.62% | -1.9M | -36.6% | $69.75 | +23.3% |
| 13 | QVMS | INVESCO S&P SMALLCAP 600 QVM | — | 7,114,414.0 | $207.3M | 2.35% | — | — | $29.14 | +16.3% |
| 14 | XEMD | BONDBLOXXJPM USD EM MK 110 | — | 4,714,975.0 | $207.2M | 2.35% | — | — | $43.95 | +2.1% |
| 15 | SPHY | SS SPDR P HIGH YIELD ETF | — | 8,191,734.0 | $191.0M | 2.17% | +2.2M | +36.5% | $23.32 | +0.4% |
| 16 | FLCA | FRANKLIN FTSE CANADA ETF | — | 2,773,743.0 | $135.7M | 1.54% | — | — | $48.94 | +6.0% |
| 17 | PICK | ISHARES MSCI GLOBAL METALS & | — | 1,767,862.0 | $100.0M | 1.14% | -891K | -33.5% | $56.59 | +10.4% |
| 18 | FALN | ISHARES FALLEN ANGELS ETF | — | 3,657,064.0 | $97.7M | 1.11% | — | — | $26.72 | +1.6% |
| 19 | XFIV | BONDBLOXX BBG 5 YR US TREAS | — | 1,332,525.0 | $65.5M | 0.74% | +628K | +89.3% | $49.16 | -1.5% |
| 20 | RING | ISHARES MSCI GLOBAL GOLD MIN | — | 776,753.0 | $61.3M | 0.70% | -67K | -8.0% | $78.98 | -11.3% |
① Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.
Sector Allocation
Financial Services
100.0%