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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
Page 2 of 2  ·  28 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 BBCA JPMORGAN BETABUILDERS CANADA 639,622.0 $60.2M 0.68% -270K -29.7% $94.06 +6.4%
22 XLE SS ENERGY SELECT SECTOR 474,882.0 $29.1M 0.33% -516K -52.1% $61.26 -11.7%
23 ICOP ISHARES COPPER AND METALS 501,672.0 $23.9M 0.27% -283K -36.0% $47.58 +11.5%
24 BBAX JPMORGAN BETABUILDERS DEVELO 298,785.0 $17.8M 0.20% $59.45 +2.7%
25 XB BONDBLOXXB RATED USD HY CB 266,860.0 $10.4M 0.12% $38.96 +0.8%
26 COIN COINBASE GLOBAL INC Financial Services 50,757.0 $8.9M 0.10% NEW $174.62 -5.6%
27 XCCC BONDBLOXXCCCUSD HY CORP BD 121,654.0 $4.4M 0.05% $36.40 +0.9%
28 IJR ISHARES CORE S&P SMALLCAP E 24,129.0 $3.0M 0.03% $124.29 +15.3%
Page 2 of 2  ·  28 positions

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%