Q3 2025 · 13F-HR
Municipal Employees' Retirement System of Michiganholdings as filed
Filed 2025-11-12 · accession 0001588873-25-000007
$8.6M
Reported value
45
Positions
2025-09-30
Period end
The Brief · Municipal Employees' Retirement System of Michigan · Q3 2025
AI · grounded in 13F
Municipal Employees' Retirement System of Michigan established a new position in QVML valued at $1.34M. The fund also initiated new holdings in SPTI for $1.04M and IVV for $991,676. Additional new positions include VGK at $705,069 and SPTS at $643,361.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 46138G581 | QVML | INVESCO SP 500 QVM MULTIFA | $1.3M | 15.5% | 34,132,010 | Common | SOLE |
| 78464A672 | SPTI | SS SPDR P INT TERM TSY ETF | $1.0M | 12.0% | 35,861,653 | Common | SOLE |
| 464287200 | IVV | ISHARES CORE SP 500 ETF | $991,676 | 11.5% | 1,481,662 | Common | SOLE |
| 922042874 | VGK | VANGUARD FTSE EUROPE ETF | $705,069 | 8.16% | 8,835,451 | Common | SOLE |
| 78468R101 | SPTS | SS SPDR P ST TERM TSY ETF | $643,361 | 7.45% | 21,942,738 | Common | SOLE |
| 808524870 | SCHP | SCHWAB US TIPS ETF | $442,013 | 5.12% | 16,401,227 | Common | SOLE |
| 78464A375 | SPIB | SS SPDR P INT C CORP ETF | $439,489 | 5.09% | 12,968,096 | Common | SOLE |
| 46138G573 | QVMM | INVESCO SP MIDCAP 400 QVM M | $360,199 | 4.17% | 11,882,576 | Common | SOLE |
| 78464A664 | SPTL | SS SPDR PF LNG TRM TSY EUSD | $340,367 | 3.94% | 12,629,575 | Common | SOLE |
| 46434G103 | IEMG | ISHARES CORE MSCI EMERGING | $314,643 | 3.64% | 4,773,111 | Common | SOLE |
| 464287507 | IJH | ISHARES CORE SP MIDCAP ETF | $297,273 | 3.44% | 4,555,207 | Common | SOLE |
| 09789C705 | XBB | BONDBLOXXBB RATED USD HY CB | $257,482 | 2.98% | 6,227,640 | Common | SOLE |
| 09789C879 | XEMD | BONDBLOXXJPM USD EM MK 110 | $205,399 | 2.38% | 4,698,046 | Common | SOLE |
| 46138G565 | QVMS | INVESCO SP SMALLCAP 600 QVM | $199,021 | 2.30% | 7,114,414 | Common | SOLE |
| 78468R606 | SPHY | SS SPDR P HIGH YIELD ETF | $142,547 | 1.65% | 5,954,325 | Common | SOLE |
| 46434G848 | PICK | ISHARES MSCI GLOBAL METALS | $134,968 | 1.56% | 3,032,992 | Common | SOLE |
| 35473P827 | FLCA | FRANKLIN FTSE CANADA ETF | $125,935 | 1.46% | 2,773,743 | Common | SOLE |
| 46435G474 | FALN | ISHARES FALLEN ANGELS ETF | $96,579 | 1.12% | 3,476,559 | Common | SOLE |
| 46434G855 | RING | ISHARES MSCI GLOBAL GOLD MIN | $88,796 | 1.03% | 1,372,210 | Common | SOLE |
| 46641Q225 | BBCA | JPMORGAN BETABUILDERS CANADA | $82,045 | 0.95% | 940,556 | Common | SOLE |
| 09789C861 | XONE | BONDBLOXX BBG 1 DUR US TREAS | $58,527 | 0.68% | 1,178,547 | Common | SOLE |
| 09789C838 | XFIV | BONDBLOXX BBG 5 YR US TREAS | $34,872 | 0.40% | 704,064 | Common | SOLE |
| 81369Y506 | XLE | ENERGY SELECT SECTOR SPDR | $32,174 | 0.37% | 360,126 | Common | SOLE |
| 46436E189 | ICOP | ISHARES COPPER AND METALS | $29,506 | 0.34% | 784,271 | Common | SOLE |
| 09789C788 | XHLF | BONDBLOXX BBG 6 MTH US TREAS | $22,605 | 0.26% | 448,334 | Common | SOLE |
| 09789C853 | XTWO | BONDBLOXX BBG 2Y US TSY ETF | $20,646 | 0.24% | 416,558 | Common | SOLE |
| 09789C846 | XTRE | BONDBLOXX BBG 3Y US TSY ETF | $20,051 | 0.23% | 402,313 | Common | SOLE |
| 09789C820 | XSVN | BONDBLOXX BBG 7 YR US TREAS | $19,461 | 0.23% | 403,857 | Common | SOLE |
| 09789C812 | XTEN | BONDBLOXX BBG 10Y US TSY ETF | $18,813 | 0.22% | 403,452 | Common | SOLE |
| 46641Q233 | BBAX | JPMORGAN BETABUILDERS DEVELO | $16,834 | 0.19% | 298,785 | Common | SOLE |
| 09789C796 | XTWY | BONDBLOXX BBG 20Y US TSY ETF | $16,411 | 0.19% | 420,244 | Common | SOLE |
| 78464A854 | SPYM | STATE STREET SPDR PORTFOLIO | $14,744 | 0.17% | 188,205 | Common | SOLE |
| 32076V103 | AG | FIRST MAJESTIC SILVER CORP | $13,842 | 0.16% | 1,126,289 | Common | SOLE |
| 46429B747 | STIP | ISHARES 05 YEAR TIPS BOND E | $12,528 | 0.15% | 121,200 | Common | SOLE |
| 78463X889 | SPDW | SPDR PORTFOLIO DEVELOPED WOR | $11,817 | 0.14% | 276,169 | Common | SOLE |
| 09789C804 | XB | BONDBLOXXB RATED USD HY CB | $10,625 | 0.12% | 266,860 | Common | SOLE |
| 92206C102 | VGSH | VANGUARD SHORTTERM TREASURY | $8,368 | 0.10% | 142,206 | Common | SOLE |
| 78464A474 | SPSB | SS SPDR P ST C CORP ETF | $6,908 | 0.08% | 228,061 | Common | SOLE |
| 464288588 | MBB | ISHARES MBS ETF | $6,427 | 0.07% | 67,551 | Common | SOLE |
| 78463X509 | SPEM | SPDR PORTFOLIO EMERGING MARK | $5,015 | 0.06% | 107,144 | Common | SOLE |
| 09789C887 | XCCC | BONDBLOXXCCCUSD HY CORP BD | $4,775 | 0.06% | 121,654 | Common | SOLE |
| 464287804 | IJR | ISHARES CORE SP SMALLCAP E | $2,867 | 0.03% | 24,129 | Common | SOLE |
| 46435U473 | HYBB | ISHARES BB RATED CORP BOND | $1,825 | 0.02% | 38,566 | Common | SOLE |
| 78464A847 | SPMD | SS SPDR P SP 400 MIDCAP ETF | $1,541 | 0.02% | 26,947 | Common | SOLE |
| 78468R853 | SPSM | SS SPDR P SP 600 SMALL CAP | $771 | 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.