Filed: 5/11/2026ACC: 0001588873-26-000003
📋 What this filing means
MUNICIPAL EMPLOYEES' RETIREMENT SYSTEM OF MICHIGAN filed this quarterly 13F‑HR report disclosing 28 equity positions with a total reported market value of $8.81M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
28
Positions
$8.81M
Total AUM (reported)
221.20M
Total Shares
Allocation by class
COM$8.81M100.0%
Portfolio Concentration
Top 3$3.49M39.6%
4–10$3.57M40.5%
11–25$1.74M19.7%
Rest$16.3K0.2%
Top 3 weight
39.6%
Top 10 weight
80.1%
Voting Authority Distribution
Total shares with voting rights: 221.20M
Sole
Full voting authority
221.20M
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)
Sole28
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings28
Rows:
INVESCO S&P 500 QVM MULTIFA
SOLEShares34.13M
TypeSH
Market value$1.31M
14.83%
Sole
34.13M
Shared
0.00
None
0.00
SS SPDR P INT TERM TSY ETF
SOLEShares38.70M
TypeSH
Market value$1.11M
12.59%
Sole
38.70M
Shared
0.00
None
0.00
ISHARES CORE S&P 500 ETF
SOLEShares1.64M
TypeSH
Market value$1.07M
12.15%
Sole
1.64M
Shared
0.00
None
0.00
SS SPDR P ST TERM TSY ETF
SOLEShares28.09M
TypeSH
Market value$819.5K
9.31%
Sole
28.09M
Shared
0.00
None
0.00
SS SPDR PF LNG TRM TSY EUSD
SOLEShares23M
TypeSH
Market value$604.9K
6.87%
Sole
23M
Shared
0.00
None
0.00
VANGUARD FTSE EUROPE ETF
SOLEShares6.76M
TypeSH
Market value$557.6K
6.33%
Sole
6.76M
Shared
0.00
None
0.00
SCHWAB US TIPS ETF
SOLEShares16.19M
TypeSH
Market value$430.8K
4.89%
Sole
16.19M
Shared
0.00
None
0.00
SS SPDR P INT C CORP ETF
SOLEShares11.70M
TypeSH
Market value$392.6K
4.46%
Sole
11.70M
Shared
0.00
None
0.00
ISHARES CORE S&P MIDCAP ETF
SOLEShares5.71M
TypeSH
Market value$385.3K
4.37%
Sole
5.71M
Shared
0.00
None
0.00
INVESCO S&P MIDCAP 400 QVM M
SOLEShares11.88M
TypeSH
Market value$376.6K
4.28%
Sole
11.88M
Shared
0.00
None
0.00
BONDBLOXXBB RATED USD HY CB
SOLEShares7.37M
TypeSH
Market value$300.0K
3.41%
Sole
7.37M
Shared
0.00
None
0.00
ISHARES CORE MSCI EMERGING
SOLEShares3.31M
TypeSH
Market value$231.1K
2.62%
Sole
3.31M
Shared
0.00
None
0.00
INVESCO S&P SMALLCAP 600 QVM
SOLEShares7.11M
TypeSH
Market value$207.3K
2.35%
Sole
7.11M
Shared
0.00
None
0.00
BONDBLOXXJPM USD EM MK 110
SOLEShares4.71M
TypeSH
Market value$207.2K
2.35%
Sole
4.71M
Shared
0.00
None
0.00
SS SPDR P HIGH YIELD ETF
SOLEShares8.19M
TypeSH
Market value$191.0K
2.17%
Sole
8.19M
Shared
0.00
None
0.00
FRANKLIN FTSE CANADA ETF
SOLEShares2.77M
TypeSH
Market value$135.7K
1.54%
Sole
2.77M
Shared
0.00
None
0.00
ISHARES MSCI GLOBAL METALS &
SOLEShares1.77M
TypeSH
Market value$100.0K
1.14%
Sole
1.77M
Shared
0.00
None
0.00
ISHARES FALLEN ANGELS ETF
SOLEShares3.66M
TypeSH
Market value$97.7K
1.11%
Sole
3.66M
Shared
0.00
None
0.00
BONDBLOXX BBG 5 YR US TREAS
SOLEShares1.33M
TypeSH
Market value$65.5K
0.74%
Sole
1.33M
Shared
0.00
None
0.00
ISHARES MSCI GLOBAL GOLD MIN
SOLEShares776.75K
TypeSH
Market value$61.3K
0.70%
Sole
776.75K
Shared
0.00
None
0.00
JPMORGAN BETABUILDERS CANADA
SOLEShares639.62K
TypeSH
Market value$60.2K
0.68%
Sole
639.62K
Shared
0.00
None
0.00
SS ENERGY SELECT SECTOR
SOLEShares474.88K
TypeSH
Market value$29.1K
0.33%
Sole
474.88K
Shared
0.00
None
0.00
ISHARES COPPER AND METALS
SOLEShares501.67K
TypeSH
Market value$23.9K
0.27%
Sole
501.67K
Shared
0.00
None
0.00
JPMORGAN BETABUILDERS DEVELO
SOLEShares298.79K
TypeSH
Market value$17.8K
0.20%
Sole
298.79K
Shared
0.00
None
0.00
BONDBLOXXB RATED USD HY CB
SOLEShares266.86K
TypeSH
Market value$10.4K
0.12%
Sole
266.86K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
INVESCO S&P 500 QVM MULTIFASOLE | COM | 34.13M | SH | $1.31M 14.83% | 34.13M | 0.00 | 0.00 |
SS SPDR P INT TERM TSY ETFSOLE | COM | 38.70M | SH | $1.11M 12.59% | 38.70M | 0.00 | 0.00 |
ISHARES CORE S&P 500 ETFSOLE | COM | 1.64M | SH | $1.07M 12.15% | 1.64M | 0.00 | 0.00 |
SS SPDR P ST TERM TSY ETFSOLE | COM | 28.09M | SH | $819.5K 9.31% | 28.09M | 0.00 | 0.00 |
SS SPDR PF LNG TRM TSY EUSDSOLE | COM | 23M | SH | $604.9K 6.87% | 23M | 0.00 | 0.00 |
VANGUARD FTSE EUROPE ETFSOLE | COM | 6.76M | SH | $557.6K 6.33% | 6.76M | 0.00 | 0.00 |
SCHWAB US TIPS ETFSOLE | COM | 16.19M | SH | $430.8K 4.89% | 16.19M | 0.00 | 0.00 |
SS SPDR P INT C CORP ETFSOLE | COM | 11.70M | SH | $392.6K 4.46% | 11.70M | 0.00 | 0.00 |
ISHARES CORE S&P MIDCAP ETFSOLE | COM | 5.71M | SH | $385.3K 4.37% | 5.71M | 0.00 | 0.00 |
INVESCO S&P MIDCAP 400 QVM MSOLE | COM | 11.88M | SH | $376.6K 4.28% | 11.88M | 0.00 | 0.00 |
BONDBLOXXBB RATED USD HY CBSOLE | COM | 7.37M | SH | $300.0K 3.41% | 7.37M | 0.00 | 0.00 |
ISHARES CORE MSCI EMERGINGSOLE | COM | 3.31M | SH | $231.1K 2.62% | 3.31M | 0.00 | 0.00 |
INVESCO S&P SMALLCAP 600 QVMSOLE | COM | 7.11M | SH | $207.3K 2.35% | 7.11M | 0.00 | 0.00 |
BONDBLOXXJPM USD EM MK 110SOLE | COM | 4.71M | SH | $207.2K 2.35% | 4.71M | 0.00 | 0.00 |
SS SPDR P HIGH YIELD ETFSOLE | COM | 8.19M | SH | $191.0K 2.17% | 8.19M | 0.00 | 0.00 |
FRANKLIN FTSE CANADA ETFSOLE | COM | 2.77M | SH | $135.7K 1.54% | 2.77M | 0.00 | 0.00 |
ISHARES MSCI GLOBAL METALS &SOLE | COM | 1.77M | SH | $100.0K 1.14% | 1.77M | 0.00 | 0.00 |
ISHARES FALLEN ANGELS ETFSOLE | COM | 3.66M | SH | $97.7K 1.11% | 3.66M | 0.00 | 0.00 |
BONDBLOXX BBG 5 YR US TREASSOLE | COM | 1.33M | SH | $65.5K 0.74% | 1.33M | 0.00 | 0.00 |
ISHARES MSCI GLOBAL GOLD MINSOLE | COM | 776.75K | SH | $61.3K 0.70% | 776.75K | 0.00 | 0.00 |
JPMORGAN BETABUILDERS CANADASOLE | COM | 639.62K | SH | $60.2K 0.68% | 639.62K | 0.00 | 0.00 |
SS ENERGY SELECT SECTORSOLE | COM | 474.88K | SH | $29.1K 0.33% | 474.88K | 0.00 | 0.00 |
ISHARES COPPER AND METALSSOLE | COM | 501.67K | SH | $23.9K 0.27% | 501.67K | 0.00 | 0.00 |
JPMORGAN BETABUILDERS DEVELOSOLE | COM | 298.79K | SH | $17.8K 0.20% | 298.79K | 0.00 | 0.00 |
BONDBLOXXB RATED USD HY CBSOLE | COM | 266.86K | SH | $10.4K 0.12% | 266.86K | 0.00 | 0.00 |
Page 1 of 2