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

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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
BONDBLOXXBB RATED USD HY CB	COM	09789C705	38,954	996,434	SH		SOLE		996,434	0	0
BONDBLOXX BBG 6 MTH US TREAS	COM	09789C788	86,093	1,714,155	SH		SOLE		1,714,155	0	0
BONDBLOXX BBG 20Y US TSY ETF	COM	09789C796	19,760	420,244	SH		SOLE		420,244	0	0
BONDBLOXXB RATED USD HY CB	COM	09789C804	10,330	266,860	SH		SOLE		266,860	0	0
BONDBLOXX BBG 10Y US TSY ETF	COM	09789C812	19,451	403,452	SH		SOLE		403,452	0	0
BONDBLOXX BBG 7 YR US TREAS	COM	09789C820	19,540	403,857	SH		SOLE		403,857	0	0
BONDBLOXX BBG 5 YR US TREAS	COM	09789C838	34,288	704,064	SH		SOLE		704,064	0	0
BONDBLOXX BBG 3Y US TSY ETF	COM	09789C846	19,670	402,313	SH		SOLE		402,313	0	0
BONDBLOXX BBG 2Y US TSY ETF	COM	09789C853	56,226	1,144,713	SH		SOLE		1,144,713	0	0
BONDBLOXX BBG 1 DUR US TREAS	COM	09789C861	223,674	4,502,743	SH		SOLE		4,502,743	0	0
BONDBLOXXJPM USD EM MK 110	COM	09789C879	179,582	4,504,991	SH		SOLE		4,504,991	0	0
BONDBLOXXCCCUSD HY CORP BD	COM	09789C887	4,588	121,654	SH		SOLE		121,654	0	0
FRANKLIN FTSE CANADA ETF	COM	35473P827	82,992	2,627,161	SH		SOLE		2,627,161	0	0
GATOS SILVER INC	COM	368036109	23,456	6,205,259	SH		SOLE		6,205,259	0	0
INVESCO SP SMALLCAP 600 QVM	COM	46138G565	198,044	8,595,731	SH		SOLE		8,595,731	0	0
INVESCO SP MIDCAP 400 QVM M	COM	46138G573	261,229	10,848,386	SH		SOLE		10,848,386	0	0
INVESCO SP 500 QVM MULTIFA	COM	46138G581	938,133	36,124,001	SH		SOLE		36,124,001	0	0
ISHARES JP MORGAN EM LOCAL C	COM	464286517	1	28	SH		SOLE		28	0	0
ISHARES CORE SP 500 ETF	COM	464287200	985,034	2,210,034	SH		SOLE		2,210,034	0	0
ISHARES CORE SP 500 ETF	COM	464287200	280,697	629,774	SH		SOLE		629,774	0	0
ISHARES 20 YEAR TREASURY BO	COM	464287432	23,962	232,776	SH		SOLE		232,776	0	0
ISHARES CORE SP MIDCAP ETF	COM	464287507	52,675	201,450	SH		SOLE		201,450	0	0
ISHARES CORE SP MIDCAP ETF	COM	464287507	181,130	692,712	SH		SOLE		692,712	0	0
ISHARES CORE SP SMALLCAP E	COM	464287804	25,694	257,838	SH		SOLE		257,838	0	0
ISHARES JP MORGAN USD EMERGI	COM	464288281	201,810	2,331,985	SH		SOLE		2,331,985	0	0
ISHARES IBOXX HIGH YLD CORP	COM	464288513	5,063	67,440	SH		SOLE		67,440	0	0
ISHARES MBS ETF	COM	464288588	6,476	69,433	SH		SOLE		69,433	0	0
ISHARES MBS ETF	COM	464288588	19,691	211,126	SH		SOLE		211,126	0	0
ISHARES MBS ETF	COM	464288588	7	76	SH		SOLE		76	0	0
ISHARES 05 YEAR TIPS BOND E	COM	46429B747	1,869	19,152	SH		SOLE		19,152	0	0
ISHARES 05 YEAR TIPS BOND E	COM	46429B747	8,223	84,248	SH		SOLE		84,248	0	0
ISHARES 05 YEAR TIPS BOND E	COM	46429B747	6,744	69,094	SH		SOLE		69,094	0	0
ISHARES CORE MSCI EMERGING	COM	46434G103	413,586	8,390,863	SH		SOLE		8,390,863	0	0
ISHARES MSCI GLOBAL METALS	COM	46434G848	107,086	2,646,715	SH		SOLE		2,646,715	0	0
ISHARES MSCI GLOBAL GOLD MIN	COM	46434G855	39,678	1,702,927	SH		SOLE		1,702,927	0	0
ISHARES MSCI GLOBAL GOLD MIN	COM	46434G855	36,148	1,551,410	SH		SOLE		1,551,410	0	0
ISHARES CORE MSCI PACIFIC ET	COM	46434V696	331,966	5,780,351	SH		SOLE		5,780,351	0	0
ISHARES MSCI JAPAN VALUE ETF	COM	46435U374	128,473	4,695,633	SH		SOLE		4,695,633	0	0
ISHARES BB RATED CORP BOND	COM	46435U473	1,659	37,030	SH		SOLE		37,030	0	0
ISHARES BROAD USD HIGH YIELD	COM	46435U853	35,739	1,012,438	SH		SOLE		1,012,438	0	0
ISHARES INTERNATIONAL DEVELO	COM	46436E510	145,240	4,592,859	SH		SOLE		4,592,859	0	0
JPMORGAN BETABUILDERS EUROPE	COM	46641Q191	101,367	1,873,009	SH		SOLE		1,873,009	0	0
JPMORGAN BETABUILDERS DEVELO	COM	46641Q233	62,686	1,310,599	SH		SOLE		1,310,599	0	0
MILLERKNOLL INC	COM	600544100	2	102	SH		SOLE		102	0	0
SPDR PORT INT CORP BOND ETF	COM	78464A375	4,469	139,192	SH		SOLE		139,192	0	0
SPDR PORT SHRT TRM CORP BND	COM	78464A474	7,059	239,775	SH		SOLE		239,775	0	0
SPDR PORT LNG TRM TRSRY	COM	78464A664	1,714	57,326	SH		SOLE		57,326	0	0
SPDR PORT INT TREASURY TERM	COM	78464A672	5	167	SH		SOLE		167	0	0
SPDR PORT SHRT TRM TRSRY	COM	78468R101	4,014	139,419	SH		SOLE		139,419	0	0
SPDR PORT SHRT TRM TRSRY	COM	78468R101	209,086	7,262,461	SH		SOLE		7,262,461	0	0
SPDR BLOOMBERG EM USD BOND	COM	78468R515	170,839	7,187,176	SH		SOLE		7,187,176	0	0
SPDR BLOOMBERG EM USD BOND	COM	78468R515	2,432	102,325	SH		SOLE		102,325	0	0
SPDR PORTFOLIO HIGH YIELD BO	COM	78468R606	152,946	6,696,428	SH		SOLE		6,696,428	0	0
ENERGY SELECT SECTOR SPDR	COM	81369Y506	27,014	332,805	SH		SOLE		332,805	0	0
SIM ST TREAS FUT STRAT ETF	COM	82889N657	324,252	14,296,810	SH		SOLE		14,296,810	0	0
VANECK JUNIOR GOLD MINERS	COM	92189F791	8,350	234,159	SH		SOLE		234,159	0	0
VANGUARD FTSE EUROPE ETF	COM	922042874	178,319	2,890,092	SH		SOLE		2,890,092	0	0
VANGUARD SHORTTERM TREASURY	COM	92206C102	2,092	36,243	SH		SOLE		36,243	0	0
VANGUARD SHORTTERM TREASURY	COM	92206C102	7,039	121,930	SH		SOLE		121,930	0	0
VANGUARD SHORTTERM TREASURY	COM	92206C102	236,548	4,097,486	SH		SOLE		4,097,486	0	0
VANGUARD SHORTTERM TREASURY	COM	92206C102	10,945	189,593	SH		SOLE		189,593	0	0
VANGUARD INTERMEDIATETERM T	COM	92206C706	198,900	3,390,733	SH		SOLE		3,390,733	0	0
VANGUARD LONGTERM TREASURY	COM	92206C847	236	3,707	SH		SOLE		3,707	0	0
VANGUARD LONGTERM TREASURY	COM	92206C847	48,576	764,623	SH		SOLE		764,623	0	0