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	39,913	996,434	SH		SOLE		996,434	0	0
BONDBLOXX BBG 6 MTH US TREAS	COM	09789C788	86,051	1,714,155	SH		SOLE		1,714,155	0	0
BONDBLOXX BBG 20Y US TSY ETF	COM	09789C796	18,868	420,244	SH		SOLE		420,244	0	0
BONDBLOXXB RATED USD HY CB	COM	09789C804	10,536	266,860	SH		SOLE		266,860	0	0
BONDBLOXX BBG 10Y US TSY ETF	COM	09789C812	19,253	403,452	SH		SOLE		403,452	0	0
BONDBLOXX BBG 7 YR US TREAS	COM	09789C820	19,526	403,857	SH		SOLE		403,857	0	0
BONDBLOXX BBG 5 YR US TREAS	COM	09789C838	34,582	704,064	SH		SOLE		704,064	0	0
BONDBLOXX BBG 3Y US TSY ETF	COM	09789C846	19,852	402,313	SH		SOLE		402,313	0	0
BONDBLOXX BBG 2Y US TSY ETF	COM	09789C853	56,572	1,144,713	SH		SOLE		1,144,713	0	0
BONDBLOXX BBG 1 DUR US TREAS	COM	09789C861	224,147	4,502,743	SH		SOLE		4,502,743	0	0
BONDBLOXXJPM USD EM MK 110	COM	09789C879	183,868	4,504,991	SH		SOLE		4,504,991	0	0
BONDBLOXXCCCUSD HY CORP BD	COM	09789C887	4,698	121,654	SH		SOLE		121,654	0	0
FRANKLIN FTSE CANADA ETF	COM	35473P827	87,327	2,627,161	SH		SOLE		2,627,161	0	0
GATOS SILVER INC	COM	368036109	40,582	6,205,259	SH		SOLE		6,205,259	0	0
INVESCO SP SMALLCAP 600 QVM	COM	46138G565	215,753	8,595,731	SH		SOLE		8,595,731	0	0
INVESCO SP MIDCAP 400 QVM M	COM	46138G573	277,610	10,848,386	SH		SOLE		10,848,386	0	0
INVESCO SP 500 QVM MULTIFA	COM	46138G581	890,862	32,080,028	SH		SOLE		32,080,028	0	0
ISHARES CORE SP 500 ETF	COM	464287200	990,873	2,074,561	SH		SOLE		2,074,561	0	0
ISHARES CORE SP 500 ETF	COM	464287200	300,799	629,774	SH		SOLE		629,774	0	0
ISHARES CORE SP MIDCAP ETF	COM	464287507	55,832	201,450	SH		SOLE		201,450	0	0
ISHARES CORE SP MIDCAP ETF	COM	464287507	152,799	551,321	SH		SOLE		551,321	0	0
ISHARES CORE SP SMALLCAP E	COM	464287804	27,911	257,838	SH		SOLE		257,838	0	0
ISHARES CORE SP SMALLCAP E	COM	464287804	961	8,880	SH		SOLE		8,880	0	0
ISHARES JP MORGAN USD EMERGI	COM	464288281	187,424	2,104,464	SH		SOLE		2,104,464	0	0
ISHARES MBS ETF	COM	464288588	7,622	81,021	SH		SOLE		81,021	0	0
ISHARES MBS ETF	COM	464288588	94,201	1,001,282	SH		SOLE		1,001,282	0	0
ISHARES MBS ETF	COM	464288588	7	76	SH		SOLE		76	0	0
ISHARES 05 YEAR TIPS BOND E	COM	46429B747	1,865	18,914	SH		SOLE		18,914	0	0
ISHARES 05 YEAR TIPS BOND E	COM	46429B747	8,306	84,248	SH		SOLE		84,248	0	0
ISHARES 05 YEAR TIPS BOND E	COM	46429B747	511	5,184	SH		SOLE		5,184	0	0
ISHARES CORE MSCI EMERGING	COM	46434G103	398,794	7,884,428	SH		SOLE		7,884,428	0	0
ISHARES MSCI GLOBAL METALS	COM	46434G848	115,604	2,684,093	SH		SOLE		2,684,093	0	0
ISHARES MSCI GLOBAL GOLD MIN	COM	46434G855	61,152	2,487,875	SH		SOLE		2,487,875	0	0
ISHARES MSCI GLOBAL GOLD MIN	COM	46434G855	38,134	1,551,410	SH		SOLE		1,551,410	0	0
ISHARES CORE MSCI PACIFIC ET	COM	46434V696	266,408	4,476,690	SH		SOLE		4,476,690	0	0
ISHARES MSCI JAPAN VALUE ETF	COM	46435U374	88,902	3,046,678	SH		SOLE		3,046,678	0	0
ISHARES BB RATED CORP BOND	COM	46435U473	1,412	30,699	SH		SOLE		30,699	0	0
ISHARES INTERNATIONAL DEVELO	COM	46436E510	156,433	4,592,859	SH		SOLE		4,592,859	0	0
JPMORGAN BETABUILDERS EUROPE	COM	46641Q191	128,330	2,267,719	SH		SOLE		2,267,719	0	0
JPMORGAN BETABUILDERS DEVELO	COM	46641Q233	45,055	910,009	SH		SOLE		910,009	0	0
SPDR PORT INT CORP BOND ETF	COM	78464A375	4,832	147,168	SH		SOLE		147,168	0	0
SPDR PORT SHRT TRM CORP BND	COM	78464A474	7,140	239,775	SH		SOLE		239,775	0	0
SPDR PORT LNG TRM TRSRY	COM	78464A664	206,299	7,108,855	SH		SOLE		7,108,855	0	0
SPDR PORT INT TREASURY TERM	COM	78464A672	170,721	5,977,627	SH		SOLE		5,977,627	0	0
SPDR PORT SHRT TRM TRSRY	COM	78468R101	382,450	13,165,219	SH		SOLE		13,165,219	0	0
SPDR BLOOMBERG EM USD BOND	COM	78468R515	174,720	7,187,176	SH		SOLE		7,187,176	0	0
SPDR BLOOMBERG EM USD BOND	COM	78468R515	1,842	75,772	SH		SOLE		75,772	0	0
SPDR PORTFOLIO HIGH YIELD BO	COM	78468R606	73,951	3,162,996	SH		SOLE		3,162,996	0	0
ENERGY SELECT SECTOR SPDR	COM	81369Y506	19,812	236,302	SH		SOLE		236,302	0	0
SIM ST TREAS FUT STRAT ETF	COM	82889N657	382,784	16,534,947	SH		SOLE		16,534,947	0	0
VANECK JUNIOR GOLD MINERS	COM	92189F791	8,877	234,159	SH		SOLE		234,159	0	0
VANGUARD FTSE EUROPE ETF	COM	922042874	186,353	2,890,092	SH		SOLE		2,890,092	0	0
VANGUARD SHORTTERM TREASURY	COM	92206C102	4,355	74,662	SH		SOLE		74,662	0	0
VANGUARD SHORTTERM TREASURY	COM	92206C102	7,112	121,930	SH		SOLE		121,930	0	0
VANGUARD SHORTTERM TREASURY	COM	92206C102	239,006	4,097,486	SH		SOLE		4,097,486	0	0
VANGUARD SHORTTERM TREASURY	COM	92206C102	533	9,132	SH		SOLE		9,132	0	0
VANGUARD INTERMEDIATETERM T	COM	92206C706	201,138	3,390,733	SH		SOLE		3,390,733	0	0
VANGUARD LONGTERM TREASURY	COM	92206C847	3,723	60,504	SH		SOLE		60,504	0	0
VANGUARD LONGTERM TREASURY	COM	92206C847	47,047	764,623	SH		SOLE		764,623	0	0