Q2 2025 · 13F-HR
Municipal Employees' Retirement System of Michiganholdings as filed
Filed 2025-08-04 · accession 0001588873-25-000004
$8.3M
Reported value
45
Positions
2025-06-30
Period end
The Brief · Municipal Employees' Retirement System of Michigan · Q2 2025
AI · grounded in 13F
Municipal Employees' Retirement System of Michigan established a new position in QVML valued at $1.25M. The fund also added new holdings in SPTI for $1.03M and IVV for $920K. Other new entries include VGK at $685K and SPTS at $643K.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 46138G581 | QVML | INVESCO SP 500 QVM MULTIFA | $1.2M | 15.0% | 34,132,010 | Common | SOLE |
| 78464A672 | SPTI | SPDR PORT INT TREASURY TERM | $1.0M | 12.4% | 35,861,653 | Common | SOLE |
| 464287200 | IVV | ISHARES CORE SP 500 ETF | $919,964 | 11.1% | 1,481,662 | Common | SOLE |
| 922042874 | VGK | VANGUARD FTSE EUROPE ETF | $684,747 | 8.24% | 8,835,451 | Common | SOLE |
| 78468R101 | SPTS | SPDR PORT SHRT TRM TRSRY | $642,703 | 7.73% | 21,942,738 | Common | SOLE |
| 808524870 | SCHP | SCHWAB US TIPS ETF | $437,585 | 5.27% | 16,401,227 | Common | SOLE |
| 78464A375 | SPIB | SPDR PORT INT CORP BOND ETF | $435,469 | 5.24% | 12,968,096 | Common | SOLE |
| 46138G573 | QVMM | INVESCO SP MIDCAP 400 QVM M | $341,529 | 4.11% | 11,882,576 | Common | SOLE |
| 78464A664 | SPTL | SPDR PORT LNG TRM TRSRY | $335,694 | 4.04% | 12,629,575 | Common | SOLE |
| 46434G103 | IEMG | ISHARES CORE MSCI EMERGING | $286,530 | 3.45% | 4,773,111 | Common | SOLE |
| 464287507 | IJH | ISHARES CORE SP MIDCAP ETF | $282,514 | 3.40% | 4,555,207 | Common | SOLE |
| 09789C705 | XBB | BONDBLOXXBB RATED USD HY CB | $256,498 | 3.09% | 6,227,640 | Common | SOLE |
| 09789C879 | XEMD | BONDBLOXXJPM USD EM MK 110 | $203,050 | 2.44% | 4,698,046 | Common | SOLE |
| 46138G565 | QVMS | INVESCO SP SMALLCAP 600 QVM | $182,983 | 2.20% | 7,114,414 | Common | SOLE |
| 78468R606 | SPHY | SPDR PORTFOLIO HIGH YIELD BO | $141,713 | 1.71% | 5,954,325 | Common | SOLE |
| 35473P827 | FLCA | FRANKLIN FTSE CANADA ETF | $115,804 | 1.39% | 2,773,743 | Common | SOLE |
| 46434G848 | PICK | ISHARES MSCI GLOBAL METALS | $114,040 | 1.37% | 3,032,992 | Common | SOLE |
| 46435G474 | FALN | ISHARES FALLEN ANGELS ETF | $94,354 | 1.14% | 3,476,559 | Common | SOLE |
| 46641Q225 | BBCA | JPMORGAN BETABUILDERS CANADA | $75,903 | 0.91% | 940,556 | Common | SOLE |
| 46434G855 | RING | ISHARES MSCI GLOBAL GOLD MIN | $60,075 | 0.72% | 1,372,210 | Common | SOLE |
| 09789C861 | XONE | BONDBLOXX BBG 1 DUR US TREAS | $58,491 | 0.70% | 1,178,547 | Common | SOLE |
| 32076V103 | AG | FIRST MAJESTIC SILVER CORP | $50,871 | 0.61% | 6,151,289 | Common | SOLE |
| 09789C838 | XFIV | BONDBLOXX BBG 5 YR US TREAS | $34,746 | 0.42% | 704,064 | Common | SOLE |
| 81369Y506 | XLE | ENERGY SELECT SECTOR SPDR | $30,542 | 0.37% | 360,126 | Common | SOLE |
| 46436E189 | ICOP | ISHARES COPPER AND METALS | $23,450 | 0.28% | 784,271 | Common | SOLE |
| 09789C788 | XHLF | BONDBLOXX BBG 6 MTH US TREAS | $22,569 | 0.27% | 448,334 | Common | SOLE |
| 09789C853 | XTWO | BONDBLOXX BBG 2Y US TSY ETF | $20,638 | 0.25% | 416,558 | Common | SOLE |
| 09789C846 | XTRE | BONDBLOXX BBG 3Y US TSY ETF | $20,027 | 0.24% | 402,313 | Common | SOLE |
| 09789C820 | XSVN | BONDBLOXX BBG 7 YR US TREAS | $19,337 | 0.23% | 403,857 | Common | SOLE |
| 09789C812 | XTEN | BONDBLOXX BBG 10Y US TSY ETF | $18,623 | 0.22% | 403,452 | Common | SOLE |
| 46641Q233 | BBAX | JPMORGAN BETABUILDERS DEVELO | $16,284 | 0.20% | 298,785 | Common | SOLE |
| 09789C796 | XTWY | BONDBLOXX BBG 20Y US TSY ETF | $16,211 | 0.20% | 420,244 | Common | SOLE |
| 78464A854 | SPYM | SPDR PORTFOLIO SP 500 ETF | $13,681 | 0.16% | 188,205 | Common | SOLE |
| 46429B747 | STIP | ISHARES 05 YEAR TIPS BOND E | $12,472 | 0.15% | 121,200 | Common | SOLE |
| 78463X889 | SPDW | SPDR PORTFOLIO DEVELOPED WOR | $11,182 | 0.13% | 276,169 | Common | SOLE |
| 09789C804 | XB | BONDBLOXXB RATED USD HY CB | $10,608 | 0.13% | 266,860 | Common | SOLE |
| 92206C102 | VGSH | VANGUARD SHORTTERM TREASURY | $8,359 | 0.10% | 142,206 | Common | SOLE |
| 78464A474 | SPSB | SPDR PORT SHRT TRM CORP BND | $6,885 | 0.08% | 228,061 | Common | SOLE |
| 464288588 | MBB | ISHARES MBS ETF | $6,342 | 0.08% | 67,551 | Common | SOLE |
| 09789C887 | XCCC | BONDBLOXXCCCUSD HY CORP BD | $4,723 | 0.06% | 121,654 | Common | SOLE |
| 78463X509 | SPEM | SPDR PORTFOLIO EMERGING MARK | $4,579 | 0.06% | 107,144 | Common | SOLE |
| 464287804 | IJR | ISHARES CORE SP SMALLCAP E | $2,637 | 0.03% | 24,129 | Common | SOLE |
| 46435U473 | HYBB | ISHARES BB RATED CORP BOND | $1,813 | 0.02% | 38,566 | Common | SOLE |
| 78464A847 | SPMD | SPDR PORTFOLIO SP 400 MID C | $1,465 | 0.02% | 26,947 | Common | SOLE |
| 78468R853 | SPSM | SPDR PORTFOLIO SP 600 SMALL | $709 | 0.01% | 16,642 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.