INGREDION INC

Ticker: INGR CUSIP: 457187102 Class: COM

Municipal Employees' Retirement System of Michigan's Holding History (CIK: 0001588873)

Note: Option positions (PUT/CALL) are excluded.

Q1 2020

Shares 12,530 Value ($000) $946 Avg Close $85.91 Range $59.11 - $99.51

Q4 2019

Shares 12,380 Value ($000) $1,151 Avg Close $84.02 Range $77.11 - $94.41

Q3 2019

Shares 12,240 Value ($000) $1,000 Avg Close $79.37 Range $73.00 - $85.01

Q2 2019

Shares 12,330 Value ($000) $1,017 Avg Close $85.99 Range $75.67 - $95.70

Q1 2019

Shares 12,190 Value ($000) $1,154 Avg Close $94.49 Range $90.01 - $99.91

Q4 2018

Shares 17,070 Value ($000) $1,560 Avg Close $100.08 Range $87.02 - $107.52

Q2 2018

Shares 16,930 Value ($000) $1,874 Avg Close $117.60 Range $107.77 - $131.99

Q1 2018

Shares 22,440 Value ($000) $2,893 Avg Close $133.79 Range $125.85 - $146.28

Q4 2017

Shares 21,680 Value ($000) $3,031 Avg Close $131.99 Range $120.67 - $142.64

Q3 2017

Shares 21,680 Value ($000) $2,615 Avg Close $121.92 Range $115.47 - $125.99

Q2 2017

Shares 27,670 Value ($000) $3,299 Avg Close $118.75 Range $113.42 - $124.48

Q1 2017

Shares 33,550 Value ($000) $4,040 Avg Close $122.30 Range $113.07 - $128.95

Q4 2016

Shares 32,830 Value ($000) $4,102 Avg Close $126.34 Range $113.92 - $137.62

Q3 2016

Shares 32,320 Value ($000) $4,300 Avg Close $133.59 Range $128.18 - $140.00

Q2 2016

Shares 31,840 Value ($000) $4,135 Avg Close $116.35 Range $104.24 - $129.42

Q1 2016

Shares 23,960 Value ($000) $2,569 Avg Close $99.65 Range $84.57 - $108.00

Q4 2015

Shares 22,840 Value ($000) $2,199 Avg Close $94.78 Range $85.85 - $99.64

Q3 2015

Shares 22,540 Value ($000) $1,978 Avg Close $85.73 Range $79.31 - $93.87

Q2 2015

Shares 22,500 Value ($000) $1,796 Avg Close $80.34 Range $76.26 - $83.00

Q1 2015

Shares 21,700 Value ($000) $1,698 Avg Close $81.81 Range $75.11 - $86.80

Q4 2014

Shares 24,210 Value ($000) $2,064 Avg Close $79.53 Range $69.94 - $87.20

Q3 2014

Shares 21,100 Value ($000) $1,608 Avg Close $77.73 Range $73.10 - $80.54

Q2 2014

Shares 21,200 Value ($000) $1,600 Avg Close $72.72 Range $65.25 - $77.92

Q1 2014

Shares 21,200 Value ($000) $1,443 Avg Close $65.61 Range $58.28 - $70.00

Q4 2013

Shares 21,200 Value ($000) $1,451 Avg Close $67.63 Range $63.49 - $70.48

Q3 2013

Shares 12,700 Value ($000) $840 Avg Close $65.29 Range $60.62 - $72.19

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	12,530	$946	$85.91	$59.11 - $99.51
Q4 2019	12,380	$1,151	$84.02	$77.11 - $94.41
Q3 2019	12,240	$1,000	$79.37	$73.00 - $85.01
Q2 2019	12,330	$1,017	$85.99	$75.67 - $95.70
Q1 2019	12,190	$1,154	$94.49	$90.01 - $99.91
Q4 2018	17,070	$1,560	$100.08	$87.02 - $107.52
Q2 2018	16,930	$1,874	$117.60	$107.77 - $131.99
Q1 2018	22,440	$2,893	$133.79	$125.85 - $146.28
Q4 2017	21,680	$3,031	$131.99	$120.67 - $142.64
Q3 2017	21,680	$2,615	$121.92	$115.47 - $125.99
Q2 2017	27,670	$3,299	$118.75	$113.42 - $124.48
Q1 2017	33,550	$4,040	$122.30	$113.07 - $128.95
Q4 2016	32,830	$4,102	$126.34	$113.92 - $137.62
Q3 2016	32,320	$4,300	$133.59	$128.18 - $140.00
Q2 2016	31,840	$4,135	$116.35	$104.24 - $129.42
Q1 2016	23,960	$2,569	$99.65	$84.57 - $108.00
Q4 2015	22,840	$2,199	$94.78	$85.85 - $99.64
Q3 2015	22,540	$1,978	$85.73	$79.31 - $93.87
Q2 2015	22,500	$1,796	$80.34	$76.26 - $83.00
Q1 2015	21,700	$1,698	$81.81	$75.11 - $86.80
Q4 2014	24,210	$2,064	$79.53	$69.94 - $87.20
Q3 2014	21,100	$1,608	$77.73	$73.10 - $80.54
Q2 2014	21,200	$1,600	$72.72	$65.25 - $77.92
Q1 2014	21,200	$1,443	$65.61	$58.28 - $70.00
Q4 2013	21,200	$1,451	$67.63	$63.49 - $70.48
Q3 2013	12,700	$840	$65.29	$60.62 - $72.19