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Portfolio (Quarterly) Guide ↗

Municipal Employees' Retirement System of Michigan

· CIK 0001588873
13F Portfolio $8.8B AUM 38 positions Filed Feb 6, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 36 New
Page 2 of 2  ·  36 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 XONE BONDBLOXX BBG 1 DUR US TREAS 1,178,547.0 $58.4M 0.66% NEW $49.53 -0.3%
22 XLE SS ENERGY SELECT SECTOR 991,274.0 $44.3M 0.50% NEW $44.71 +33.0%
23 XFIV BONDBLOXX BBG 5 YR US TREAS 704,064.0 $34.8M 0.39% NEW $49.48 -2.2%
24 ICOP ISHARES COPPER AND METALS 784,271.0 $34.8M 0.39% NEW $44.31 +17.1%
25 XTWO BONDBLOXX BBG 2Y US TSY ETF 416,558.0 $20.6M 0.23% NEW $49.47 -1.1%
26 XTRE BONDBLOXX BBG 3Y US TSY ETF 402,313.0 $20.0M 0.23% NEW $49.76 -1.6%
27 XSVN BONDBLOXX BBG 7 YR US TREAS 403,857.0 $19.4M 0.22% NEW $48.04 -2.7%
28 XTEN BONDBLOXX BBG 10Y US TSY ETF 403,452.0 $18.6M 0.21% NEW $46.22 -3.3%
29 BBAX JPMORGAN BETABUILDERS DEVELO 298,785.0 $16.8M 0.19% NEW $56.30 +9.0%
30 XTWY BONDBLOXX BBG 20Y US TSY ETF 420,244.0 $15.9M 0.18% NEW $37.84 -4.8%
31 XB BONDBLOXXB RATED USD HY CB 266,860.0 $10.5M 0.12% NEW $39.47 -1.4%
32 STIP ISHARES 05 YEAR TIPS BOND E 95,402.0 $9.8M 0.11% NEW $102.39 +1.1%
33 VGSH VANGUARD SHORTTERM TREASURY 133,074.0 $7.8M 0.09% NEW $58.73 -0.9%
34 SPSB SS SPDR P ST C CORP ETF 228,061.0 $6.9M 0.08% NEW $30.20 -0.8%
35 XCCC BONDBLOXXCCCUSD HY CORP BD 121,654.0 $4.6M 0.05% NEW $38.03 -3.9%
36 IJR ISHARES CORE S&P SMALLCAP E 24,129.0 $2.9M 0.03% NEW $120.19 +11.4%
Page 2 of 2  ·  36 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.