MCDONALDS CORP

Ticker: MCD CUSIP: 580135101 Class: Common Stock

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

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

Q2 2020

Shares 17,550 Value ($000) $3,237 Avg Close $161.00 Range $135.75 - $178.74

Q1 2020

Shares 28,340 Value ($000) $4,686 Avg Close $171.84 Range $108.80 - $190.08

Q4 2019

Shares 28,340 Value ($000) $5,600 Avg Close $171.93 Range $162.20 - $184.62

Q3 2019

Shares 28,270 Value ($000) $6,070 Avg Close $184.76 Range $177.38 - $190.99

Q2 2019

Shares 28,150 Value ($000) $5,845 Avg Close $169.75 Range $159.68 - $178.93

Q1 2019

Shares 30,040 Value ($000) $5,705 Avg Close $154.59 Range $147.38 - $162.95

Q4 2018

Shares 40,520 Value ($000) $7,195 Avg Close $150.10 Range $136.68 - $161.23

Q2 2018

Shares 40,070 Value ($000) $6,279 Avg Close $135.53 Range $129.30 - $144.01

Q1 2018

Shares 39,020 Value ($000) $6,101 Avg Close $136.66 Range $122.48 - $148.12

Q4 2017

Shares 39,020 Value ($000) $6,716 Avg Close $138.65 Range $128.37 - $145.70

Q3 2017

Shares 41,960 Value ($000) $6,575 Avg Close $128.65 Range $124.32 - $133.25

Q2 2017

Shares 47,840 Value ($000) $7,327 Avg Close $117.92 Range $104.72 - $127.34

Q1 2017

Shares 48,750 Value ($000) $6,319 Avg Close $101.70 Range $95.50 - $105.98

Q4 2016

Shares 49,330 Value ($000) $6,005 Avg Close $94.30 Range $88.47 - $100.20

Q3 2016

Shares 46,400 Value ($000) $5,353 Avg Close $94.54 Range $90.67 - $102.32

Q2 2016

Shares 46,380 Value ($000) $5,582 Avg Close $99.15 Range $92.36 - $104.23

Q1 2016

Shares 37,510 Value ($000) $4,715 Avg Close $93.96 Range $88.35 - $100.28

Q4 2015

Shares 38,210 Value ($000) $4,514 Avg Close $87.24 Range $75.55 - $94.25

Q3 2015

Shares 38,050 Value ($000) $3,749 Avg Close $75.34 Range $67.46 - $78.55

Q2 2015

Shares 38,890 Value ($000) $3,697 Avg Close $74.17 Range $72.20 - $77.26

Q1 2015

Shares 28,800 Value ($000) $2,806 Avg Close $72.15 Range $67.27 - $77.27

Q4 2014

Shares 34,200 Value ($000) $3,205 Avg Close $70.55 Range $66.40 - $73.88

Q3 2014

Shares 34,200 Value ($000) $3,243 Avg Close $71.25 Range $68.00 - $75.48

Q2 2014

Shares 33,900 Value ($000) $3,415 Avg Close $74.80 Range $71.30 - $76.67

Q1 2014

Shares 33,900 Value ($000) $3,323 Avg Close $70.27 Range $67.55 - $73.19

Q4 2013

Shares 33,400 Value ($000) $3,241 Avg Close $70.01 Range $67.66 - $72.12

Q3 2013

Shares 33,400 Value ($000) $3,213 Avg Close $70.55 Range $67.75 - $73.37

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2020	17,550	$3,237	$161.00	$135.75 - $178.74
Q1 2020	28,340	$4,686	$171.84	$108.80 - $190.08
Q4 2019	28,340	$5,600	$171.93	$162.20 - $184.62
Q3 2019	28,270	$6,070	$184.76	$177.38 - $190.99
Q2 2019	28,150	$5,845	$169.75	$159.68 - $178.93
Q1 2019	30,040	$5,705	$154.59	$147.38 - $162.95
Q4 2018	40,520	$7,195	$150.10	$136.68 - $161.23
Q2 2018	40,070	$6,279	$135.53	$129.30 - $144.01
Q1 2018	39,020	$6,101	$136.66	$122.48 - $148.12
Q4 2017	39,020	$6,716	$138.65	$128.37 - $145.70
Q3 2017	41,960	$6,575	$128.65	$124.32 - $133.25
Q2 2017	47,840	$7,327	$117.92	$104.72 - $127.34
Q1 2017	48,750	$6,319	$101.70	$95.50 - $105.98
Q4 2016	49,330	$6,005	$94.30	$88.47 - $100.20
Q3 2016	46,400	$5,353	$94.54	$90.67 - $102.32
Q2 2016	46,380	$5,582	$99.15	$92.36 - $104.23
Q1 2016	37,510	$4,715	$93.96	$88.35 - $100.28
Q4 2015	38,210	$4,514	$87.24	$75.55 - $94.25
Q3 2015	38,050	$3,749	$75.34	$67.46 - $78.55
Q2 2015	38,890	$3,697	$74.17	$72.20 - $77.26
Q1 2015	28,800	$2,806	$72.15	$67.27 - $77.27
Q4 2014	34,200	$3,205	$70.55	$66.40 - $73.88
Q3 2014	34,200	$3,243	$71.25	$68.00 - $75.48
Q2 2014	33,900	$3,415	$74.80	$71.30 - $76.67
Q1 2014	33,900	$3,323	$70.27	$67.55 - $73.19
Q4 2013	33,400	$3,241	$70.01	$67.66 - $72.12
Q3 2013	33,400	$3,213	$70.55	$67.75 - $73.37