Filed: 8/4/2025ACC: 0001588873-25-000004
📋 What this filing means
MUNICIPAL EMPLOYEES' RETIREMENT SYSTEM OF MICHIGAN filed this quarterly 13F‑HR report disclosing 45 equity positions with a total reported market value of $8.31M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
45
Positions
$8.31M
Total AUM (reported)
214.65M
Total Shares
Allocation by class
COM$8.31M100.0%
Portfolio Concentration
Top 3$3.20M38.5%
4–10$3.16M38.1%
11–25$1.73M20.8%
Rest$219.1K2.6%
Top 3 weight
38.5%
Top 10 weight
76.6%
Voting Authority Distribution
Total shares with voting rights: 214.65M
Sole
Full voting authority
214.65M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole45
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings45
Rows:
INVESCO SP 500 QVM MULTIFA
SOLEShares34.13M
TypeSH
Market value$1.25M
15.04%
Sole
34.13M
Shared
0.00
None
0.00
SPDR PORT INT TREASURY TERM
SOLEShares35.86M
TypeSH
Market value$1.03M
12.42%
Sole
35.86M
Shared
0.00
None
0.00
ISHARES CORE SP 500 ETF
SOLEShares1.48M
TypeSH
Market value$920.0K
11.07%
Sole
1.48M
Shared
0.00
None
0.00
VANGUARD FTSE EUROPE ETF
SOLEShares8.84M
TypeSH
Market value$684.7K
8.24%
Sole
8.84M
Shared
0.00
None
0.00
SPDR PORT SHRT TRM TRSRY
SOLEShares21.94M
TypeSH
Market value$642.7K
7.73%
Sole
21.94M
Shared
0.00
None
0.00
SCHWAB US TIPS ETF
SOLEShares16.40M
TypeSH
Market value$437.6K
5.27%
Sole
16.40M
Shared
0.00
None
0.00
SPDR PORT INT CORP BOND ETF
SOLEShares12.97M
TypeSH
Market value$435.5K
5.24%
Sole
12.97M
Shared
0.00
None
0.00
INVESCO SP MIDCAP 400 QVM M
SOLEShares11.88M
TypeSH
Market value$341.5K
4.11%
Sole
11.88M
Shared
0.00
None
0.00
SPDR PORT LNG TRM TRSRY
SOLEShares12.63M
TypeSH
Market value$335.7K
4.04%
Sole
12.63M
Shared
0.00
None
0.00
ISHARES CORE MSCI EMERGING
SOLEShares4.77M
TypeSH
Market value$286.5K
3.45%
Sole
4.77M
Shared
0.00
None
0.00
ISHARES CORE SP MIDCAP ETF
SOLEShares4.56M
TypeSH
Market value$282.5K
3.40%
Sole
4.56M
Shared
0.00
None
0.00
BONDBLOXXBB RATED USD HY CB
SOLEShares6.23M
TypeSH
Market value$256.5K
3.09%
Sole
6.23M
Shared
0.00
None
0.00
BONDBLOXXJPM USD EM MK 110
SOLEShares4.70M
TypeSH
Market value$203.1K
2.44%
Sole
4.70M
Shared
0.00
None
0.00
INVESCO SP SMALLCAP 600 QVM
SOLEShares7.11M
TypeSH
Market value$183.0K
2.20%
Sole
7.11M
Shared
0.00
None
0.00
SPDR PORTFOLIO HIGH YIELD BO
SOLEShares5.95M
TypeSH
Market value$141.7K
1.71%
Sole
5.95M
Shared
0.00
None
0.00
FRANKLIN FTSE CANADA ETF
SOLEShares2.77M
TypeSH
Market value$115.8K
1.39%
Sole
2.77M
Shared
0.00
None
0.00
ISHARES MSCI GLOBAL METALS
SOLEShares3.03M
TypeSH
Market value$114.0K
1.37%
Sole
3.03M
Shared
0.00
None
0.00
ISHARES FALLEN ANGELS ETF
SOLEShares3.48M
TypeSH
Market value$94.4K
1.14%
Sole
3.48M
Shared
0.00
None
0.00
JPMORGAN BETABUILDERS CANADA
SOLEShares940.56K
TypeSH
Market value$75.9K
0.91%
Sole
940.56K
Shared
0.00
None
0.00
ISHARES MSCI GLOBAL GOLD MIN
SOLEShares1.37M
TypeSH
Market value$60.1K
0.72%
Sole
1.37M
Shared
0.00
None
0.00
BONDBLOXX BBG 1 DUR US TREAS
SOLEShares1.18M
TypeSH
Market value$58.5K
0.70%
Sole
1.18M
Shared
0.00
None
0.00
FIRST MAJESTIC SILVER CORP
SOLEShares6.15M
TypeSH
Market value$50.9K
0.61%
Sole
6.15M
Shared
0.00
None
0.00
BONDBLOXX BBG 5 YR US TREAS
SOLEShares704.06K
TypeSH
Market value$34.7K
0.42%
Sole
704.06K
Shared
0.00
None
0.00
ENERGY SELECT SECTOR SPDR
SOLEShares360.13K
TypeSH
Market value$30.5K
0.37%
Sole
360.13K
Shared
0.00
None
0.00
ISHARES COPPER AND METALS
SOLEShares784.27K
TypeSH
Market value$23.4K
0.28%
Sole
784.27K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
INVESCO SP 500 QVM MULTIFASOLE | COM | 34.13M | SH | $1.25M 15.04% | 34.13M | 0.00 | 0.00 |
SPDR PORT INT TREASURY TERMSOLE | COM | 35.86M | SH | $1.03M 12.42% | 35.86M | 0.00 | 0.00 |
ISHARES CORE SP 500 ETFSOLE | COM | 1.48M | SH | $920.0K 11.07% | 1.48M | 0.00 | 0.00 |
VANGUARD FTSE EUROPE ETFSOLE | COM | 8.84M | SH | $684.7K 8.24% | 8.84M | 0.00 | 0.00 |
SPDR PORT SHRT TRM TRSRYSOLE | COM | 21.94M | SH | $642.7K 7.73% | 21.94M | 0.00 | 0.00 |
SCHWAB US TIPS ETFSOLE | COM | 16.40M | SH | $437.6K 5.27% | 16.40M | 0.00 | 0.00 |
SPDR PORT INT CORP BOND ETFSOLE | COM | 12.97M | SH | $435.5K 5.24% | 12.97M | 0.00 | 0.00 |
INVESCO SP MIDCAP 400 QVM MSOLE | COM | 11.88M | SH | $341.5K 4.11% | 11.88M | 0.00 | 0.00 |
SPDR PORT LNG TRM TRSRYSOLE | COM | 12.63M | SH | $335.7K 4.04% | 12.63M | 0.00 | 0.00 |
ISHARES CORE MSCI EMERGINGSOLE | COM | 4.77M | SH | $286.5K 3.45% | 4.77M | 0.00 | 0.00 |
ISHARES CORE SP MIDCAP ETFSOLE | COM | 4.56M | SH | $282.5K 3.40% | 4.56M | 0.00 | 0.00 |
BONDBLOXXBB RATED USD HY CBSOLE | COM | 6.23M | SH | $256.5K 3.09% | 6.23M | 0.00 | 0.00 |
BONDBLOXXJPM USD EM MK 110SOLE | COM | 4.70M | SH | $203.1K 2.44% | 4.70M | 0.00 | 0.00 |
INVESCO SP SMALLCAP 600 QVMSOLE | COM | 7.11M | SH | $183.0K 2.20% | 7.11M | 0.00 | 0.00 |
SPDR PORTFOLIO HIGH YIELD BOSOLE | COM | 5.95M | SH | $141.7K 1.71% | 5.95M | 0.00 | 0.00 |
FRANKLIN FTSE CANADA ETFSOLE | COM | 2.77M | SH | $115.8K 1.39% | 2.77M | 0.00 | 0.00 |
ISHARES MSCI GLOBAL METALSSOLE | COM | 3.03M | SH | $114.0K 1.37% | 3.03M | 0.00 | 0.00 |
ISHARES FALLEN ANGELS ETFSOLE | COM | 3.48M | SH | $94.4K 1.14% | 3.48M | 0.00 | 0.00 |
JPMORGAN BETABUILDERS CANADASOLE | COM | 940.56K | SH | $75.9K 0.91% | 940.56K | 0.00 | 0.00 |
ISHARES MSCI GLOBAL GOLD MINSOLE | COM | 1.37M | SH | $60.1K 0.72% | 1.37M | 0.00 | 0.00 |
BONDBLOXX BBG 1 DUR US TREASSOLE | COM | 1.18M | SH | $58.5K 0.70% | 1.18M | 0.00 | 0.00 |
FIRST MAJESTIC SILVER CORPSOLE | COM | 6.15M | SH | $50.9K 0.61% | 6.15M | 0.00 | 0.00 |
BONDBLOXX BBG 5 YR US TREASSOLE | COM | 704.06K | SH | $34.7K 0.42% | 704.06K | 0.00 | 0.00 |
ENERGY SELECT SECTOR SPDRSOLE | COM | 360.13K | SH | $30.5K 0.37% | 360.13K | 0.00 | 0.00 |
ISHARES COPPER AND METALSSOLE | COM | 784.27K | SH | $23.4K 0.28% | 784.27K | 0.00 | 0.00 |
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