Municipal Employees' Retirement System of Michigan 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
BONDBLOXX BB RATED USD HY CB	COM	09789C705	37,388	996,434	SH		SOLE		996,434	0	0
BONDBLOXX BBG 6 MTH US TREAS	COM	09789C788	20,037	400,025	SH		SOLE		400,025	0	0
BONDBLOXX BBG 20Y US TSY ETF	COM	09789C796	18,946	400,560	SH		SOLE		400,560	0	0
BONDBLOXX B RATED USD HY CB	COM	09789C804	9,926	266,860	SH		SOLE		266,860	0	0
BONDBLOXX BBG 10Y US TSY ETF	COM	09789C812	19,337	403,452	SH		SOLE		403,452	0	0
BONDBLOXX BBG 7 YR US TREAS	COM	09789C820	19,501	403,857	SH		SOLE		403,857	0	0
BONDBLOXX BBG 5 YR US TREAS	COM	09789C838	19,633	403,403	SH		SOLE		403,403	0	0
BONDBLOXX BBG 3Y US TSY ETF	COM	09789C846	19,800	402,313	SH		SOLE		402,313	0	0
BONDBLOXX BBG 2Y US TSY ETF	COM	09789C853	34,798	702,414	SH		SOLE		702,414	0	0
BONDBLOXX BBG 1 DUR US TREAS	COM	09789C861	33,798	676,914	SH		SOLE		676,914	0	0
BONDBLOXX JPM USD EM MK 1 10	COM	09789C879	166,716	4,403,623	SH		SOLE		4,403,623	0	0
BONDBLOXX CCC USD HY CORP BD	COM	09789C887	4,498	121,654	SH		SOLE		121,654	0	0
FRANKLIN FTSE CANADA ETF	COM	35473P827	74,360	2,646,280	SH		SOLE		2,646,280	0	0
GATOS SILVER INC	COM	368036109	16,630	6,205,259	SH		SOLE		6,205,259	0	0
INVESCO S P SMALLCAP 600 QVM	COM	46138G565	88,359	4,421,823	SH		SOLE		4,421,823	0	0
INVESCO S P MIDCAP 400 QVM M	COM	46138G573	218,928	10,742,276	SH		SOLE		10,742,276	0	0
INVESCO S P 500 QVM MULTI FA	COM	46138G581	657,857	30,792,365	SH		SOLE		30,792,365	0	0
ISHARES JP MORGAN EM LOCAL C	COM	464286517	1	28	SH		SOLE		28	0	0
ISHARES CORE S P 500 ETF	COM	464287200	225,868	629,774	SH		SOLE		629,774	0	0
ISHARES CORE S P 500 ETF	COM	464287200	703,793	1,962,339	SH		SOLE		1,962,339	0	0
ISHARES 20 YEAR TREASURY BO	COM	464287432	126,073	1,230,585	SH		SOLE		1,230,585	0	0
ISHARES CORE S P MIDCAP ETF	COM	464287507	44,170	201,450	SH		SOLE		201,450	0	0
ISHARES CORE S P MIDCAP ETF	COM	464287507	151,884	692,712	SH		SOLE		692,712	0	0
ISHARES CORE S P SMALL CAP E	COM	464287804	22,481	257,838	SH		SOLE		257,838	0	0
ISHARES JP MORGAN USD EMERGI	COM	464288281	208,147	2,621,496	SH		SOLE		2,621,496	0	0
ISHARES IBOXX HIGH YLD CORP	COM	464288513	38,511	539,447	SH		SOLE		539,447	0	0
ISHARES MBS ETF	COM	464288588	7	76	SH		SOLE		76	0	0
ISHARES MBS ETF	COM	464288588	1,085	11,849	SH		SOLE		11,849	0	0
ISHARES MBS ETF	COM	464288588	5,671	61,926	SH		SOLE		61,926	0	0
ISHARES MBS ETF	COM	464288588	42,287	461,744	SH		SOLE		461,744	0	0
ISHARES 0 5 YEAR TIPS BOND E	COM	46429B747	1,741	18,112	SH		SOLE		18,112	0	0
ISHARES 0 5 YEAR TIPS BOND E	COM	46429B747	4,107	42,736	SH		SOLE		42,736	0	0
ISHARES 0 5 YEAR TIPS BOND E	COM	46429B747	5,316	55,312	SH		SOLE		55,312	0	0
ISHARES CORE MSCI EMERGING	COM	46434G103	423,325	9,849,340	SH		SOLE		9,849,340	0	0
ISHARES MSCI GLOBAL METALS	COM	46434G848	80,385	2,362,170	SH		SOLE		2,362,170	0	0
ISHARES MSCI GLOBAL GOLD MIN	COM	46434G855	25,182	1,342,332	SH		SOLE		1,342,332	0	0
ISHARES MSCI GLOBAL GOLD MIN	COM	46434G855	28,762	1,533,182	SH		SOLE		1,533,182	0	0
ISHARES CORE MSCI PACIFIC ET	COM	46434V696	618,994	12,911,842	SH		SOLE		12,911,842	0	0
ISHARES CORE MSCI EUROPE ETF	COM	46434V738	26,999	682,819	SH		SOLE		682,819	0	0
ISHARES BB RATED CORP BOND	COM	46435U473	1,883	43,756	SH		SOLE		43,756	0	0
ISHARES BROAD USD HIGH YIELD	COM	46435U853	34,038	1,012,438	SH		SOLE		1,012,438	0	0
ISHARES INTERNATIONAL DEVELO	COM	46436E510	116,992	4,525,283	SH		SOLE		4,525,283	0	0
ISHARES 0 3 MONTH TREASURY B	COM	46436E718	4,447	44,355	SH		SOLE		44,355	0	0
SPDR PORT INT CORP BOND ETF	COM	78464A375	4,015	128,195	SH		SOLE		128,195	0	0
SPDR BLOOMBERG EM BOND	COM	78464A391	61,174	3,224,783	SH		SOLE		3,224,783	0	0
SPDR PORT SHRT TRM CORP BND	COM	78464A474	5,534	189,378	SH		SOLE		189,378	0	0
SPDR PORT LNG TRM TRSRY	COM	78464A664	3,275	110,497	SH		SOLE		110,497	0	0
SPDR PORT INT TREASURY TERM	COM	78464A672	295,359	10,499,797	SH		SOLE		10,499,797	0	0
SPDR PORT SHRT TRM TRSRY	COM	78468R101	4,282	148,104	SH		SOLE		148,104	0	0
SPDR PORT SHRT TRM TRSRY	COM	78468R101	5,531	191,313	SH		SOLE		191,313	0	0
SPDR PORT SHRT TRM TRSRY	COM	78468R101	6,283	217,325	SH		SOLE		217,325	0	0
SPDR PORT SHRT TRM TRSRY	COM	78468R101	288,978	9,995,766	SH		SOLE		9,995,766	0	0
SPDR BLOOMBERG EM USD BOND	COM	78468R515	3,207	146,710	SH		SOLE		146,710	0	0
SPDR BLOOMBERG EM USD BOND	COM	78468R515	92,136	4,214,816	SH		SOLE		4,214,816	0	0
ENERGY SELECT SECTOR SPDR	COM	81369Y506	21,705	301,380	SH		SOLE		301,380	0	0
VANECK JUNIOR GOLD MINERS	COM	92189F791	8,252	280,096	SH		SOLE		280,096	0	0
VANGUARD FTSE EUROPE ETF	COM	922042874	99,616	2,158,529	SH		SOLE		2,158,529	0	0
VANGUARD SHORT TERM TREASURY	COM	92206C102	103,465	1,790,364	SH		SOLE		1,790,364	0	0
VANGUARD INTERMEDIATE TERM T	COM	92206C706	197,714	3,390,733	SH		SOLE		3,390,733	0	0