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Portfolio (Quarterly) Guide ↗

Municipal Employees' Retirement System of Michigan

· CIK 0001588873
13F Portfolio $8.8B AUM 29 positions Filed May 11, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 1 New 8 Added 7 Reduced 9 Exited
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 VGK VANGUARD FTSE EUROPE ETF 6,764,865.0 $557.6M 6.33% -2.4M -26.0% $82.43 +6.9%
2 IEMG ISHARES CORE MSCI EMERGING 3,313,829.0 $231.1M 2.62% -1.9M -36.6% $69.75 +23.5%
3 PICK ISHARES MSCI GLOBAL METALS & 1,767,862.0 $100.0M 1.14% -891K -33.5% $56.59 +10.5%
4 RING ISHARES MSCI GLOBAL GOLD MIN 776,753.0 $61.3M 0.70% -67K -8.0% $78.98 -11.8%
5 BBCA JPMORGAN BETABUILDERS CANADA 639,622.0 $60.2M 0.68% -270K -29.7% $94.06 +6.3%
6 XLE SS ENERGY SELECT SECTOR 474,882.0 $29.1M 0.33% -516K -52.1% $61.26 -12.1%
7 ICOP ISHARES COPPER AND METALS 501,672.0 $23.9M 0.27% -283K -36.0% $47.58 +11.4%

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%