Municipal Employees' Retirement System of Michigan Diversified Active

Location: Lansing, MI

CIK: 0001588873 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 12, 2025

Total Value: $8.636B

Holdings (45)

QVML INVESCO SP 500 QVM MULTIFA 15.5%
Value $1.341B Shares 34,132,010 Est. Cost $25.90 Unrealized
SPTI SS SPDR P INT TERM TSY ETF 12.0%
Value $1.036B Shares 35,861,653 Est. Cost $28.18 Unrealized
IVV ISHARES CORE SP 500 ETF 11.5%
Value $992M Shares 1,481,662 Est. Cost $341.82 Unrealized
VGK VANGUARD FTSE EUROPE ETF 8.2%
Value $705M Shares 8,835,451 Est. Cost $68.10 Unrealized
SPTS SS SPDR P ST TERM TSY ETF 7.4%
Value $643M Shares 21,942,738 Est. Cost $29.46 Unrealized
SCHP SCHWAB US TIPS ETF 5.1%
Value $442M Shares 16,401,227 Est. Cost $25.88 Unrealized
SPIB SS SPDR P INT C CORP ETF 5.1%
Value $439M Shares 12,968,096 Est. Cost $33.60 Unrealized
QVMM INVESCO SP MIDCAP 400 QVM M 4.2%
Value $360M Shares 11,882,576 Est. Cost $24.29 Unrealized
SPTL SS SPDR PF LNG TRM TSY EUSD 3.9%
Value $340M Shares 12,629,575 Est. Cost $27.05 Unrealized
IEMG ISHARES CORE MSCI EMERGING 3.6%
Value $315M Shares 4,773,111 Est. Cost $53.06 Unrealized
IJH ISHARES CORE SP MIDCAP ETF 3.4%
Value $297M Shares 4,555,207 Est. Cost $73.30 Unrealized
XBB BONDBLOXXBB RATED USD HY CB 3.0%
Value $257M Shares 6,227,640 Est. Cost $40.14 Unrealized
XEMD BONDBLOXXJPM USD EM MK 110 2.4%
Value $205M Shares 4,698,046 Est. Cost $38.08 Unrealized
QVMS INVESCO SP SMALLCAP 600 QVM 2.3%
Value $199M Shares 7,114,414 Est. Cost $22.58 Unrealized
SPHY SS SPDR P HIGH YIELD ETF 1.7%
Value $143M Shares 5,954,325 Est. Cost $23.33 Unrealized
PICK ISHARES MSCI GLOBAL METALS 1.6%
Value $135M Shares 3,032,992 Est. Cost $37.88 Unrealized
FLCA FRANKLIN FTSE CANADA ETF 1.5%
Value $126M Shares 2,773,743 Est. Cost $31.05 Unrealized
FALN ISHARES FALLEN ANGELS ETF 1.1%
Value $96.58M Shares 3,476,559 Est. Cost $27.14 Unrealized
RING ISHARES MSCI GLOBAL GOLD MIN 1.0%
Value $88.8M Shares 1,372,210 Est. Cost $26.71 Unrealized
BBCA JPMORGAN BETABUILDERS CANADA 1.0%
Value $82.05M Shares 940,556 Est. Cost $80.70 Unrealized
XONE BONDBLOXX BBG 1 DUR US TREAS 0.7%
Value $58.53M Shares 1,178,547 Est. Cost $49.76 Unrealized
XFIV BONDBLOXX BBG 5 YR US TREAS 0.4%
Value $34.87M Shares 704,064 Est. Cost $49.22 Unrealized
XLE ENERGY SELECT SECTOR SPDR 0.4%
Value $32.17M Shares 360,126 Est. Cost $76.26 Unrealized
ICOP ISHARES COPPER AND METALS 0.3%
Value $29.51M Shares 784,271 Est. Cost $27.06 Unrealized
XHLF BONDBLOXX BBG 6 MTH US TREAS 0.3%
Value $22.61M Shares 448,334 Est. Cost $50.21 Unrealized
XTWO BONDBLOXX BBG 2Y US TSY ETF 0.2%
Value $20.65M Shares 416,558 Est. Cost $49.67 Unrealized
XTRE BONDBLOXX BBG 3Y US TSY ETF 0.2%
Value $20.05M Shares 402,313 Est. Cost $49.22 Unrealized
XSVN BONDBLOXX BBG 7 YR US TREAS 0.2%
Value $19.46M Shares 403,857 Est. Cost $48.29 Unrealized
XTEN BONDBLOXX BBG 10Y US TSY ETF 0.2%
Value $18.81M Shares 403,452 Est. Cost $47.93 Unrealized
BBAX JPMORGAN BETABUILDERS DEVELO 0.2%
Value $16.83M Shares 298,785 Est. Cost $49.15 Unrealized
XTWY BONDBLOXX BBG 20Y US TSY ETF 0.2%
Value $16.41M Shares 420,244 Est. Cost $47.37 Unrealized
SPYM STATE STREET SPDR PORTFOLIO 0.2%
Value $14.74M Shares 188,205 Est. Cost $64.00 Unrealized
AG FIRST MAJESTIC SILVER CORP 0.2%
Value $13.84M Shares 1,126,289 Est. Cost $5.95 Unrealized +55.8%
STIP ISHARES 05 YEAR TIPS BOND E 0.1%
Value $12.53M Shares 121,200 Est. Cost $102.34 Unrealized
SPDW SPDR PORTFOLIO DEVELOPED WOR 0.1%
Value $11.82M Shares 276,169 Est. Cost $35.16 Unrealized
XB BONDBLOXXB RATED USD HY CB 0.1%
Value $10.63M Shares 266,860 Est. Cost $38.50 Unrealized
VGSH VANGUARD SHORTTERM TREASURY 0.1%
Value $8.368M Shares 142,206 Est. Cost $59.62 Unrealized
SPSB SS SPDR P ST C CORP ETF 0.1%
Value $6.908M Shares 228,061 Est. Cost $30.85 Unrealized
MBB ISHARES MBS ETF 0.1%
Value $6.427M Shares 67,551 Est. Cost $93.87 Unrealized
SPEM SPDR PORTFOLIO EMERGING MARK 0.1%
Value $5.015M Shares 107,144 Est. Cost $37.67 Unrealized
XCCC BONDBLOXXCCCUSD HY CORP BD 0.1%
Value $4.775M Shares 121,654 Est. Cost $38.40 Unrealized
IJR ISHARES CORE SP SMALLCAP E 0.0%
Value $2.867M Shares 24,129 Est. Cost $76.32 Unrealized
HYBB ISHARES BB RATED CORP BOND 0.0%
Value $1.825M Shares 38,566 Est. Cost $49.14 Unrealized
SPMD SS SPDR P SP 400 MIDCAP ETF 0.0%
Value $1.541M Shares 26,947 Est. Cost $51.48 Unrealized
SPSM SS SPDR P SP 600 SMALL CAP 0.0%
Value $771K Shares 16,642 Est. Cost $41.69 Unrealized