Municipal Employees' Retirement System of Michigan
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q2 2025 ▲▼ | Q3 2025 ▲▼ | Change ▲▼ | Q2 2025 ▲▼ | Q3 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| INVESCO SP 500 QVM MULTIFA | 34,132,010 | 34,132,010 | 0 | 1,249,914 | 1,340,559 | 15.52% | +90,645 |
| ISHARES CORE SP 500 ETF | 1,481,662 | 1,481,662 | 0 | 919,964 | 991,676 | 11.48% | +71,712 |
| ISHARES MSCI GLOBAL GOLD MIN | 1,372,210 | 1,372,210 | 0 | 60,075 | 88,796 | 1.03% | +28,721 |
| ISHARES CORE MSCI EMERGING | 4,773,111 | 4,773,111 | 0 | 286,530 | 314,643 | 3.64% | +28,113 |
| ISHARES MSCI GLOBAL METALS | 3,032,992 | 3,032,992 | 0 | 114,040 | 134,968 | 1.56% | +20,928 |
| VANGUARD FTSE EUROPE ETF | 8,835,451 | 8,835,451 | 0 | 684,747 | 705,069 | 8.16% | +20,322 |
| INVESCO SP MIDCAP 400 QVM M | 11,882,576 | 11,882,576 | 0 | 341,529 | 360,199 | 4.17% | +18,670 |
| INVESCO SP SMALLCAP 600 QVM | 7,114,414 | 7,114,414 | 0 | 182,983 | 199,021 | 2.30% | +16,038 |
| ISHARES CORE SP MIDCAP ETF | 4,555,207 | 4,555,207 | 0 | 282,514 | 297,273 | 3.44% | +14,759 |
| FRANKLIN FTSE CANADA ETF | 2,773,743 | 2,773,743 | 0 | 115,804 | 125,935 | 1.46% | +10,131 |
| JPMORGAN BETABUILDERS CANADA | 940,556 | 940,556 | 0 | 75,903 | 82,045 | 0.95% | +6,142 |
| ISHARES COPPER AND METALS | 784,271 | 784,271 | 0 | 23,450 | 29,506 | 0.34% | +6,056 |
| SS SPDR PF LNG TRM TSY EUSD | 12,629,575 | 12,629,575 | 0 | 335,694 | 340,367 | 3.94% | +4,673 |
| SS SPDR P INT TERM TSY ETF | 35,861,653 | 35,861,653 | 0 | 1,031,740 | 1,036,402 | 12.00% | +4,662 |
| SCHWAB US TIPS ETF | 16,401,227 | 16,401,227 | 0 | 437,585 | 442,013 | 5.12% | +4,428 |
| SS SPDR P INT C CORP ETF | 12,968,096 | 12,968,096 | 0 | 435,469 | 439,489 | 5.09% | +4,020 |
| BONDBLOXXJPM USD EM MK 110 | 4,698,046 | 4,698,046 | 0 | 203,050 | 205,399 | 2.38% | +2,349 |
| ISHARES FALLEN ANGELS ETF | 3,476,559 | 3,476,559 | 0 | 94,354 | 96,579 | 1.12% | +2,225 |
| ENERGY SELECT SECTOR SPDR | 360,126 | 360,126 | 0 | 30,542 | 32,174 | 0.37% | +1,632 |
| STATE STREET SPDR PORTFOLIO | 188,205 | 188,205 | 0 | 13,681 | 14,744 | 0.17% | +1,063 |
| BONDBLOXXBB RATED USD HY CB | 6,227,640 | 6,227,640 | 0 | 256,498 | 257,482 | 2.98% | +984 |
| SS SPDR P HIGH YIELD ETF | 5,954,325 | 5,954,325 | 0 | 141,713 | 142,547 | 1.65% | +834 |
| SS SPDR P ST TERM TSY ETF | 21,942,738 | 21,942,738 | 0 | 642,703 | 643,361 | 7.45% | +658 |
| SPDR PORTFOLIO DEVELOPED WOR | 276,169 | 276,169 | 0 | 11,182 | 11,817 | 0.14% | +635 |
| JPMORGAN BETABUILDERS DEVELO | 298,785 | 298,785 | 0 | 16,284 | 16,834 | 0.19% | +550 |
| SPDR PORTFOLIO EMERGING MARK | 107,144 | 107,144 | 0 | 4,579 | 5,015 | 0.06% | +436 |
| ISHARES CORE SP SMALLCAP E | 24,129 | 24,129 | 0 | 2,637 | 2,867 | 0.03% | +230 |
| BONDBLOXX BBG 20Y US TSY ETF | 420,244 | 420,244 | 0 | 16,211 | 16,411 | 0.19% | +200 |
| BONDBLOXX BBG 10Y US TSY ETF | 403,452 | 403,452 | 0 | 18,623 | 18,813 | 0.22% | +190 |
| BONDBLOXX BBG 5 YR US TREAS | 704,064 | 704,064 | 0 | 34,746 | 34,872 | 0.40% | +126 |
| BONDBLOXX BBG 7 YR US TREAS | 403,857 | 403,857 | 0 | 19,337 | 19,461 | 0.23% | +124 |
| ISHARES MBS ETF | 67,551 | 67,551 | 0 | 6,342 | 6,427 | 0.07% | +85 |
| SS SPDR P SP 400 MIDCAP ETF | 26,947 | 26,947 | 0 | 1,465 | 1,541 | 0.02% | +76 |
| SS SPDR P SP 600 SMALL CAP | 16,642 | 16,642 | 0 | 709 | 771 | 0.01% | +62 |
| ISHARES 05 YEAR TIPS BOND E | 121,200 | 121,200 | 0 | 12,472 | 12,528 | 0.15% | +56 |
| BONDBLOXXCCCUSD HY CORP BD | 121,654 | 121,654 | 0 | 4,723 | 4,775 | 0.06% | +52 |
| BONDBLOXX BBG 6 MTH US TREAS | 448,334 | 448,334 | 0 | 22,569 | 22,605 | 0.26% | +36 |
| BONDBLOXX BBG 1 DUR US TREAS | 1,178,547 | 1,178,547 | 0 | 58,491 | 58,527 | 0.68% | +36 |
| BONDBLOXX BBG 3Y US TSY ETF | 402,313 | 402,313 | 0 | 20,027 | 20,051 | 0.23% | +24 |
| SS SPDR P ST C CORP ETF | 228,061 | 228,061 | 0 | 6,885 | 6,908 | 0.08% | +23 |
| BONDBLOXXB RATED USD HY CB | 266,860 | 266,860 | 0 | 10,608 | 10,625 | 0.12% | +17 |
| ISHARES BB RATED CORP BOND | 38,566 | 38,566 | 0 | 1,813 | 1,825 | 0.02% | +12 |
| VANGUARD SHORTTERM TREASURY | 142,206 | 142,206 | 0 | 8,359 | 8,368 | 0.10% | +9 |
| BONDBLOXX BBG 2Y US TSY ETF | 416,558 | 416,558 | 0 | 20,638 | 20,646 | 0.24% | +8 |
| FIRST MAJESTIC SILVER CORP(AG) | 6,151,289 | 1,126,289 | -5,025,000 | 50,871 | 13,842 | 0.16% | -37,029 |