Q4 2025 · 13F-HR
Municipal Employees' Retirement System of Michiganholdings as filed
Filed 2026-02-06 · accession 0001588873-26-000002
$8.8M
Reported value
36
Positions
2025-12-31
Period end
The Brief · Municipal Employees' Retirement System of Michigan · Q4 2025
AI · grounded in 13F
Municipal Employees' Retirement System of Michigan reduced its position in RING by 38.49%. The fund also accumulated shares in SPTL by 21.91% and XBB by 18.38%. Additionally, the fund closed its positions in XHLF and SPYM.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 46138G581 | QVML | INVESCO S&P 500 QVM MULTIFA | $1.4M | 15.5% | 34,132,010 | Common | SOLE |
| 78464A672 | SPTI | SS SPDR P INT TERM TSY ETF | $1.1M | 12.2% | 37,247,174 | Common | SOLE |
| 464287200 | IVV | ISHARES CORE S&P 500 ETF | $946,056 | 10.7% | 1,381,225 | Common | SOLE |
| 922042874 | VGK | VANGUARD FTSE EUROPE ETF | $763,886 | 8.64% | 9,136,296 | Common | SOLE |
| 78468R101 | SPTS | SS SPDR P ST TERM TSY ETF | $757,760 | 8.57% | 25,879,762 | Common | SOLE |
| 78464A664 | SPTL | SS SPDR PF LNG TRM TSY EUSD | $407,567 | 4.61% | 15,397,326 | Common | SOLE |
| 808524870 | SCHP | SCHWAB US TIPS ETF | $403,930 | 4.57% | 15,248,383 | Common | SOLE |
| 78464A375 | SPIB | SS SPDR P INT C CORP ETF | $395,738 | 4.48% | 11,704,768 | Common | SOLE |
| 46138G573 | QVMM | INVESCO S&P MIDCAP 400 QVM M | $365,740 | 4.14% | 11,882,576 | Common | SOLE |
| 46434G103 | IEMG | ISHARES CORE MSCI EMERGING | $351,426 | 3.98% | 5,227,998 | Common | SOLE |
| 464287507 | IJH | ISHARES CORE S&P MIDCAP ETF | $303,388 | 3.43% | 4,596,783 | Common | SOLE |
| 09789C705 | XBB | BONDBLOXXBB RATED USD HY CB | $303,338 | 3.43% | 7,372,511 | Common | SOLE |
| 09789C879 | XEMD | BONDBLOXXJPM USD EM MK 110 | $210,194 | 2.38% | 4,714,975 | Common | SOLE |
| 46138G565 | QVMS | INVESCO S&P SMALLCAP 600 QVM | $200,873 | 2.27% | 7,114,414 | Common | SOLE |
| 78468R606 | SPHY | SS SPDR P HIGH YIELD ETF | $142,040 | 1.61% | 6,000,856 | Common | SOLE |
| 46434G848 | PICK | ISHARES MSCI GLOBAL METALS & | $136,506 | 1.54% | 2,658,856 | Common | SOLE |
| 35473P827 | FLCA | FRANKLIN FTSE CANADA ETF | $133,972 | 1.52% | 2,773,743 | Common | SOLE |
| 46435G474 | FALN | ISHARES FALLEN ANGELS ETF | $99,838 | 1.13% | 3,657,064 | Common | SOLE |
| 46641Q225 | BBCA | JPMORGAN BETABUILDERS CANADA | $84,579 | 0.96% | 909,454 | Common | SOLE |
| 46434G855 | RING | ISHARES MSCI GLOBAL GOLD MIN | $62,157 | 0.70% | 844,062 | Common | SOLE |
| 09789C861 | XONE | BONDBLOXX BBG 1 DUR US TREAS | $58,379 | 0.66% | 1,178,547 | Common | SOLE |
| 81369Y506 | XLE | SS ENERGY SELECT SECTOR | $44,320 | 0.50% | 991,274 | Common | SOLE |
| 09789C838 | XFIV | BONDBLOXX BBG 5 YR US TREAS | $34,836 | 0.39% | 704,064 | Common | SOLE |
| 46436E189 | ICOP | ISHARES COPPER AND METALS | $34,751 | 0.39% | 784,271 | Common | SOLE |
| 09789C853 | XTWO | BONDBLOXX BBG 2Y US TSY ETF | $20,607 | 0.23% | 416,558 | Common | SOLE |
| 09789C846 | XTRE | BONDBLOXX BBG 3Y US TSY ETF | $20,020 | 0.23% | 402,313 | Common | SOLE |
| 09789C820 | XSVN | BONDBLOXX BBG 7 YR US TREAS | $19,403 | 0.22% | 403,857 | Common | SOLE |
| 09789C812 | XTEN | BONDBLOXX BBG 10Y US TSY ETF | $18,648 | 0.21% | 403,452 | Common | SOLE |
| 46641Q233 | BBAX | JPMORGAN BETABUILDERS DEVELO | $16,822 | 0.19% | 298,785 | Common | SOLE |
| 09789C796 | XTWY | BONDBLOXX BBG 20Y US TSY ETF | $15,902 | 0.18% | 420,244 | Common | SOLE |
| 09789C804 | XB | BONDBLOXXB RATED USD HY CB | $10,534 | 0.12% | 266,860 | Common | SOLE |
| 46429B747 | STIP | ISHARES 05 YEAR TIPS BOND E | $9,768 | 0.11% | 95,402 | Common | SOLE |
| 92206C102 | VGSH | VANGUARD SHORTTERM TREASURY | $7,815 | 0.09% | 133,074 | Common | SOLE |
| 78464A474 | SPSB | SS SPDR P ST C CORP ETF | $6,887 | 0.08% | 228,061 | Common | SOLE |
| 09789C887 | XCCC | BONDBLOXXCCCUSD HY CORP BD | $4,626 | 0.05% | 121,654 | Common | SOLE |
| 464287804 | IJR | ISHARES CORE S&P SMALLCAP E | $2,900 | 0.03% | 24,129 | 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.