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	40,072	996,434	SH		SOLE		40,072	0	0
BONDBLOXX BBG 6 MTH US TREAS	COM	09789C788	22,053	438,334	SH		SOLE		22,053	0	0
BONDBLOXX BBG 20Y US TSY ETF	COM	09789C796	17,844	420,244	SH		SOLE		17,844	0	0
BONDBLOXXB RATED USD HY CB	COM	09789C804	10,570	266,860	SH		SOLE		10,570	0	0
BONDBLOXX BBG 10Y US TSY ETF	COM	09789C812	18,849	403,452	SH		SOLE		18,849	0	0
BONDBLOXX BBG 7 YR US TREAS	COM	09789C820	19,171	403,857	SH		SOLE		19,171	0	0
BONDBLOXX BBG 5 YR US TREAS	COM	09789C838	34,147	704,064	SH		SOLE		34,147	0	0
BONDBLOXX BBG 3Y US TSY ETF	COM	09789C846	19,671	402,313	SH		SOLE		19,671	0	0
BONDBLOXX BBG 2Y US TSY ETF	COM	09789C853	20,443	416,558	SH		SOLE		20,443	0	0
BONDBLOXX BBG 1 DUR US TREAS	COM	09789C861	118,515	2,387,980	SH		SOLE		118,515	0	0
BONDBLOXXJPM USD EM MK 110	COM	09789C879	187,408	4,504,991	SH		SOLE		187,408	0	0
BONDBLOXXCCCUSD HY CORP BD	COM	09789C887	4,743	121,654	SH		SOLE		4,743	0	0
FRANKLIN FTSE CANADA ETF	COM	35473P827	103,758	2,991,017	SH		SOLE		103,758	0	0
GATOS SILVER INC	COM	368036109	52,062	6,205,259	SH		SOLE		52,062	0	0
INVESCO SP SMALLCAP 600 QVM	COM	46138G565	221,423	8,595,731	SH		SOLE		221,423	0	0
INVESCO SP MIDCAP 400 QVM M	COM	46138G573	306,723	10,848,386	SH		SOLE		306,723	0	0
INVESCO SP 500 QVM MULTIFA	COM	46138G581	942,419	30,288,556	SH		SOLE		942,419	0	0
ISHARES CORE SP 500 ETF	COM	464287200	1,011,959	1,924,864	SH		SOLE		1,011,959	0	0
ISHARES CORE SP MIDCAP ETF	COM	464287507	178,974	2,946,566	SH		SOLE		178,974	0	0
ISHARES CORE SP SMALLCAP E	COM	464287804	2,292	20,735	SH		SOLE		2,292	0	0
ISHARES JP MORGAN USD EMERGI	COM	464288281	188,707	2,104,464	SH		SOLE		188,707	0	0
ISHARES MBS ETF	COM	464288588	6,003	64,953	SH		SOLE		6,003	0	0
ISHARES MBS ETF	COM	464288588	92,538	1,001,282	SH		SOLE		92,538	0	0
ISHARES MBS ETF	COM	464288588	7	76	SH		SOLE		7	0	0
ISHARES 05 YEAR TIPS BOND E	COM	46429B747	1,981	19,927	SH		SOLE		1,981	0	0
ISHARES 05 YEAR TIPS BOND E	COM	46429B747	8,377	84,248	SH		SOLE		8,377	0	0
ISHARES 05 YEAR TIPS BOND E	COM	46429B747	515	5,184	SH		SOLE		515	0	0
ISHARES CORE MSCI EMERGING	COM	46434G103	408,920	7,924,815	SH		SOLE		408,920	0	0
ISHARES MSCI GLOBAL METALS	COM	46434G848	109,400	2,623,495	SH		SOLE		109,400	0	0
ISHARES MSCI GLOBAL GOLD MIN	COM	46434G855	58,696	2,320,926	SH		SOLE		58,696	0	0
ISHARES MSCI GLOBAL GOLD MIN	COM	46434G855	39,235	1,551,410	SH		SOLE		39,235	0	0
ISHARES CORE MSCI PACIFIC ET	COM	46434V696	296,524	4,683,690	SH		SOLE		296,524	0	0
ISHARES MSCI JAPAN VALUE ETF	COM	46435U374	101,241	3,046,678	SH		SOLE		101,241	0	0
ISHARES BB RATED CORP BOND	COM	46435U473	1,420	30,699	SH		SOLE		1,420	0	0
ISHARES INTERNATIONAL DEVELO	COM	46436E510	162,863	4,592,859	SH		SOLE		162,863	0	0
JPMORGAN BETABUILDERS EUROPE	COM	46641Q191	160,246	2,697,749	SH		SOLE		160,246	0	0
JPMORGAN BETABUILDERS DEVELO	COM	46641Q233	43,826	910,009	SH		SOLE		43,826	0	0
SPDR PORT INT CORP BOND ETF	COM	78464A375	4,911	150,225	SH		SOLE		4,911	0	0
SPDR PORT SHRT TRM CORP BND	COM	78464A474	7,138	239,775	SH		SOLE		7,138	0	0
SPDR PORT LNG TRM TRSRY	COM	78464A664	324,732	11,622,475	SH		SOLE		324,732	0	0
SPDR PORT INT TREASURY TERM	COM	78464A672	744,638	26,424,332	SH		SOLE		744,638	0	0
SPDR PORT SHRT TRM TRSRY	COM	78468R101	627,482	21,697,170	SH		SOLE		627,482	0	0
SPDR BLOOMBERG EM USD BOND	COM	78468R515	244,315	10,112,374	SH		SOLE		244,315	0	0
SPDR BLOOMBERG EM USD BOND	COM	78468R515	1,553	64,295	SH		SOLE		1,553	0	0
SPDR PORTFOLIO HIGH YIELD BO	COM	78468R606	46,096	1,964,879	SH		SOLE		46,096	0	0
SPDR PORTFOLIO HIGH YIELD BO	COM	78468R606	6,494	276,831	SH		SOLE		6,494	0	0
ENERGY SELECT SECTOR SPDR	COM	81369Y506	34,640	366,905	SH		SOLE		34,640	0	0
SIM ST TREAS FUT STRAT ETF	COM	82889N657	13,878	634,568	SH		SOLE		13,878	0	0
VANGUARD FTSE EUROPE ETF	COM	922042874	194,619	2,890,092	SH		SOLE		194,619	0	0
VANGUARD SHORTTERM TREASURY	COM	92206C102	6,426	110,657	SH		SOLE		6,426	0	0
VANGUARD SHORTTERM TREASURY	COM	92206C102	7,080	121,930	SH		SOLE		7,080	0	0
VANGUARD SHORTTERM TREASURY	COM	92206C102	237,941	4,097,486	SH		SOLE		237,941	0	0
VANGUARD SHORTTERM TREASURY	COM	92206C102	530	9,132	SH		SOLE		530	0	0
VANGUARD INTERMEDIATETERM T	COM	92206C706	198,527	3,390,733	SH		SOLE		198,527	0	0
VANGUARD LONGTERM TREASURY	COM	92206C847	3,436	57,996	SH		SOLE		3,436	0	0
VANGUARD LONGTERM TREASURY	COM	92206C847	45,296	764,623	SH		SOLE		45,296	0	0