Filed: 11/12/2025ACC: 0001588873-25-000007
📋 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 $8.64M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
45
Positions
$8.64M
Total AUM (reported)
209.63M
Total Shares
Allocation by class
COM$8.64M100.0%
Portfolio Concentration
Top 3$3.37M39.0%
4–10$3.25M37.6%
11–25$1.81M20.9%
Rest$214.3K2.5%
Top 3 weight
39.0%
Top 10 weight
76.6%
Voting Authority Distribution
Total shares with voting rights: 209.63M
Sole
Full voting authority
209.63M
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$1.34M
15.52%
Sole
34.13M
Shared
0.00
None
0.00
SS SPDR P INT TERM TSY ETF
SOLEShares35.86M
TypeSH
Market value$1.04M
12.00%
Sole
35.86M
Shared
0.00
None
0.00
ISHARES CORE SP 500 ETF
SOLEShares1.48M
TypeSH
Market value$991.7K
11.48%
Sole
1.48M
Shared
0.00
None
0.00
VANGUARD FTSE EUROPE ETF
SOLEShares8.84M
TypeSH
Market value$705.1K
8.16%
Sole
8.84M
Shared
0.00
None
0.00
SS SPDR P ST TERM TSY ETF
SOLEShares21.94M
TypeSH
Market value$643.4K
7.45%
Sole
21.94M
Shared
0.00
None
0.00
SCHWAB US TIPS ETF
SOLEShares16.40M
TypeSH
Market value$442.0K
5.12%
Sole
16.40M
Shared
0.00
None
0.00
SS SPDR P INT C CORP ETF
SOLEShares12.97M
TypeSH
Market value$439.5K
5.09%
Sole
12.97M
Shared
0.00
None
0.00
INVESCO SP MIDCAP 400 QVM M
SOLEShares11.88M
TypeSH
Market value$360.2K
4.17%
Sole
11.88M
Shared
0.00
None
0.00
SS SPDR PF LNG TRM TSY EUSD
SOLEShares12.63M
TypeSH
Market value$340.4K
3.94%
Sole
12.63M
Shared
0.00
None
0.00
ISHARES CORE MSCI EMERGING
SOLEShares4.77M
TypeSH
Market value$314.6K
3.64%
Sole
4.77M
Shared
0.00
None
0.00
ISHARES CORE SP MIDCAP ETF
SOLEShares4.56M
TypeSH
Market value$297.3K
3.44%
Sole
4.56M
Shared
0.00
None
0.00
BONDBLOXXBB RATED USD HY CB
SOLEShares6.23M
TypeSH
Market value$257.5K
2.98%
Sole
6.23M
Shared
0.00
None
0.00
BONDBLOXXJPM USD EM MK 110
SOLEShares4.70M
TypeSH
Market value$205.4K
2.38%
Sole
4.70M
Shared
0.00
None
0.00
INVESCO SP SMALLCAP 600 QVM
SOLEShares7.11M
TypeSH
Market value$199.0K
2.30%
Sole
7.11M
Shared
0.00
None
0.00
SS SPDR P HIGH YIELD ETF
SOLEShares5.95M
TypeSH
Market value$142.5K
1.65%
Sole
5.95M
Shared
0.00
None
0.00
ISHARES MSCI GLOBAL METALS
SOLEShares3.03M
TypeSH
Market value$135.0K
1.56%
Sole
3.03M
Shared
0.00
None
0.00
FRANKLIN FTSE CANADA ETF
SOLEShares2.77M
TypeSH
Market value$125.9K
1.46%
Sole
2.77M
Shared
0.00
None
0.00
ISHARES FALLEN ANGELS ETF
SOLEShares3.48M
TypeSH
Market value$96.6K
1.12%
Sole
3.48M
Shared
0.00
None
0.00
ISHARES MSCI GLOBAL GOLD MIN
SOLEShares1.37M
TypeSH
Market value$88.8K
1.03%
Sole
1.37M
Shared
0.00
None
0.00
JPMORGAN BETABUILDERS CANADA
SOLEShares940.56K
TypeSH
Market value$82.0K
0.95%
Sole
940.56K
Shared
0.00
None
0.00
BONDBLOXX BBG 1 DUR US TREAS
SOLEShares1.18M
TypeSH
Market value$58.5K
0.68%
Sole
1.18M
Shared
0.00
None
0.00
BONDBLOXX BBG 5 YR US TREAS
SOLEShares704.06K
TypeSH
Market value$34.9K
0.40%
Sole
704.06K
Shared
0.00
None
0.00
ENERGY SELECT SECTOR SPDR
SOLEShares360.13K
TypeSH
Market value$32.2K
0.37%
Sole
360.13K
Shared
0.00
None
0.00
ISHARES COPPER AND METALS
SOLEShares784.27K
TypeSH
Market value$29.5K
0.34%
Sole
784.27K
Shared
0.00
None
0.00
BONDBLOXX BBG 6 MTH US TREAS
SOLEShares448.33K
TypeSH
Market value$22.6K
0.26%
Sole
448.33K
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 | $1.34M 15.52% | 34.13M | 0.00 | 0.00 |
SS SPDR P INT TERM TSY ETFSOLE | COM | 35.86M | SH | $1.04M 12.00% | 35.86M | 0.00 | 0.00 |
ISHARES CORE SP 500 ETFSOLE | COM | 1.48M | SH | $991.7K 11.48% | 1.48M | 0.00 | 0.00 |
VANGUARD FTSE EUROPE ETFSOLE | COM | 8.84M | SH | $705.1K 8.16% | 8.84M | 0.00 | 0.00 |
SS SPDR P ST TERM TSY ETFSOLE | COM | 21.94M | SH | $643.4K 7.45% | 21.94M | 0.00 | 0.00 |
SCHWAB US TIPS ETFSOLE | COM | 16.40M | SH | $442.0K 5.12% | 16.40M | 0.00 | 0.00 |
SS SPDR P INT C CORP ETFSOLE | COM | 12.97M | SH | $439.5K 5.09% | 12.97M | 0.00 | 0.00 |
INVESCO SP MIDCAP 400 QVM MSOLE | COM | 11.88M | SH | $360.2K 4.17% | 11.88M | 0.00 | 0.00 |
SS SPDR PF LNG TRM TSY EUSDSOLE | COM | 12.63M | SH | $340.4K 3.94% | 12.63M | 0.00 | 0.00 |
ISHARES CORE MSCI EMERGINGSOLE | COM | 4.77M | SH | $314.6K 3.64% | 4.77M | 0.00 | 0.00 |
ISHARES CORE SP MIDCAP ETFSOLE | COM | 4.56M | SH | $297.3K 3.44% | 4.56M | 0.00 | 0.00 |
BONDBLOXXBB RATED USD HY CBSOLE | COM | 6.23M | SH | $257.5K 2.98% | 6.23M | 0.00 | 0.00 |
BONDBLOXXJPM USD EM MK 110SOLE | COM | 4.70M | SH | $205.4K 2.38% | 4.70M | 0.00 | 0.00 |
INVESCO SP SMALLCAP 600 QVMSOLE | COM | 7.11M | SH | $199.0K 2.30% | 7.11M | 0.00 | 0.00 |
SS SPDR P HIGH YIELD ETFSOLE | COM | 5.95M | SH | $142.5K 1.65% | 5.95M | 0.00 | 0.00 |
ISHARES MSCI GLOBAL METALSSOLE | COM | 3.03M | SH | $135.0K 1.56% | 3.03M | 0.00 | 0.00 |
FRANKLIN FTSE CANADA ETFSOLE | COM | 2.77M | SH | $125.9K 1.46% | 2.77M | 0.00 | 0.00 |
ISHARES FALLEN ANGELS ETFSOLE | COM | 3.48M | SH | $96.6K 1.12% | 3.48M | 0.00 | 0.00 |
ISHARES MSCI GLOBAL GOLD MINSOLE | COM | 1.37M | SH | $88.8K 1.03% | 1.37M | 0.00 | 0.00 |
JPMORGAN BETABUILDERS CANADASOLE | COM | 940.56K | SH | $82.0K 0.95% | 940.56K | 0.00 | 0.00 |
BONDBLOXX BBG 1 DUR US TREASSOLE | COM | 1.18M | SH | $58.5K 0.68% | 1.18M | 0.00 | 0.00 |
BONDBLOXX BBG 5 YR US TREASSOLE | COM | 704.06K | SH | $34.9K 0.40% | 704.06K | 0.00 | 0.00 |
ENERGY SELECT SECTOR SPDRSOLE | COM | 360.13K | SH | $32.2K 0.37% | 360.13K | 0.00 | 0.00 |
ISHARES COPPER AND METALSSOLE | COM | 784.27K | SH | $29.5K 0.34% | 784.27K | 0.00 | 0.00 |
BONDBLOXX BBG 6 MTH US TREASSOLE | COM | 448.33K | SH | $22.6K 0.26% | 448.33K | 0.00 | 0.00 |
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