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	40,177	1,007,952	SH		SOLE		1,007,952	0	0
BONDBLOXX BBG 6 MTH US TREAS	COM	09789C788	22,542	448,334	SH		SOLE		448,334	0	0
BONDBLOXX BBG 20Y US TSY ETF	COM	09789C796	17,247	420,244	SH		SOLE		420,244	0	0
BONDBLOXXB RATED USD HY CB	COM	09789C804	10,441	266,860	SH		SOLE		266,860	0	0
BONDBLOXX BBG 10Y US TSY ETF	COM	09789C812	18,533	403,452	SH		SOLE		403,452	0	0
BONDBLOXX BBG 7 YR US TREAS	COM	09789C820	18,981	403,857	SH		SOLE		403,857	0	0
BONDBLOXX BBG 5 YR US TREAS	COM	09789C838	33,957	704,064	SH		SOLE		704,064	0	0
BONDBLOXX BBG 3Y US TSY ETF	COM	09789C846	19,591	402,313	SH		SOLE		402,313	0	0
BONDBLOXX BBG 2Y US TSY ETF	COM	09789C853	20,399	416,558	SH		SOLE		416,558	0	0
BONDBLOXX BBG 1 DUR US TREAS	COM	09789C861	118,265	2,387,980	SH		SOLE		2,387,980	0	0
BONDBLOXXJPM USD EM MK 110	COM	09789C879	187,862	4,573,077	SH		SOLE		4,573,077	0	0
BONDBLOXXCCCUSD HY CORP BD	COM	09789C887	4,549	121,654	SH		SOLE		121,654	0	0
FRANKLIN FTSE CANADA ETF	COM	35473P827	91,880	2,743,853	SH		SOLE		2,743,853	0	0
GATOS SILVER INC	COM	368036109	64,783	6,205,259	SH		SOLE		6,205,259	0	0
INVESCO SP SMALLCAP 600 QVM	COM	46138G565	176,408	7,092,740	SH		SOLE		7,092,740	0	0
INVESCO SP MIDCAP 400 QVM M	COM	46138G573	293,527	10,848,386	SH		SOLE		10,848,386	0	0
INVESCO SP 500 QVM MULTIFA	COM	46138G581	980,913	30,288,556	SH		SOLE		30,288,556	0	0
ISHARES CORE SP 500 ETF	COM	464287200	806,293	1,473,408	SH		SOLE		1,473,408	0	0
ISHARES CORE SP MIDCAP ETF	COM	464287507	117,354	2,005,370	SH		SOLE		2,005,370	0	0
ISHARES CORE SP SMALLCAP E	COM	464287804	2,212	20,735	SH		SOLE		20,735	0	0
ISHARES JP MORGAN USD EMERGI	COM	464288281	136,927	1,547,548	SH		SOLE		1,547,548	0	0
ISHARES MBS ETF	COM	464288588	6,867	74,794	SH		SOLE		74,794	0	0
ISHARES MBS ETF	COM	464288588	7	76	SH		SOLE		76	0	0
ISHARES 05 YEAR TIPS BOND E	COM	46429B747	1,974	19,840	SH		SOLE		19,840	0	0
ISHARES 05 YEAR TIPS BOND E	COM	46429B747	8,382	84,248	SH		SOLE		84,248	0	0
ISHARES 05 YEAR TIPS BOND E	COM	46429B747	516	5,184	SH		SOLE		5,184	0	0
ISHARES CORE MSCI EMERGING	COM	46434G103	255,505	4,773,111	SH		SOLE		4,773,111	0	0
ISHARES MSCI GLOBAL METALS	COM	46434G848	119,120	2,917,473	SH		SOLE		2,917,473	0	0
ISHARES MSCI GLOBAL GOLD MIN	COM	46434G855	66,374	2,403,973	SH		SOLE		2,403,973	0	0
ISHARES MSCI GLOBAL GOLD MIN	COM	46434G855	42,834	1,551,410	SH		SOLE		1,551,410	0	0
ISHARES CORE MSCI PACIFIC ET	COM	46434V696	392,102	6,404,807	SH		SOLE		6,404,807	0	0
ISHARES BB RATED CORP BOND	COM	46435U473	1,614	35,071	SH		SOLE		35,071	0	0
ISHARES INTERNATIONAL DEVELO	COM	46436E510	160,461	4,592,859	SH		SOLE		4,592,859	0	0
JPMORGAN BETABUILDERS EUROPE	COM	46641Q191	158,843	2,697,749	SH		SOLE		2,697,749	0	0
JPMORGAN BETABUILDERS DEVELO	COM	46641Q233	44,026	910,009	SH		SOLE		910,009	0	0
SPDR PORTFOLIO EMERGING MARK	COM	78463X509	4,236	112,456	SH		SOLE		112,456	0	0
SPDR PORTFOLIO DEVELOPED WOR	COM	78463X889	9,368	267,051	SH		SOLE		267,051	0	0
SPDR PORT INT CORP BOND ETF	COM	78464A375	5,055	155,260	SH		SOLE		155,260	0	0
SPDR PORT SHRT TRM CORP BND	COM	78464A474	7,121	239,775	SH		SOLE		239,775	0	0
SPDR PORT LNG TRM TRSRY	COM	78464A664	347,449	12,764,462	SH		SOLE		12,764,462	0	0
SPDR PORT INT TREASURY TERM	COM	78464A672	740,410	26,424,332	SH		SOLE		26,424,332	0	0
SPDR PORTFOLIO SP 400 MID C	COM	78464A847	1,317	25,664	SH		SOLE		25,664	0	0
SPDR PORTFOLIO SP 500 ETF	COM	78464A854	12,053	188,321	SH		SOLE		188,321	0	0
SPDR PORT SHRT TRM TRSRY	COM	78468R101	626,397	21,697,170	SH		SOLE		21,697,170	0	0
SPDR BLOOMBERG EM USD BOND	COM	78468R515	191,239	8,045,405	SH		SOLE		8,045,405	0	0
SPDR BLOOMBERG EM USD BOND	COM	78468R515	580	24,381	SH		SOLE		24,381	0	0
SPDR PORTFOLIO HIGH YIELD BO	COM	78468R606	6,701	288,481	SH		SOLE		288,481	0	0
SPDR PORTFOLIO HIGH YIELD BO	COM	78468R606	6,701	288,481	SH		SOLE		288,481	0	0
SPDR PORTFOLIO HIGH YIELD BO	COM	78468R606	20,879	898,781	SH		SOLE		898,781	0	0
SPDR PORTFOLIO SP 600 SMALL	COM	78468R853	664	15,987	SH		SOLE		15,987	0	0
ENERGY SELECT SECTOR SPDR	COM	81369Y506	24,843	272,548	SH		SOLE		272,548	0	0
SIMPLIFY MBS ETF	COM	82889N525	60,367	1,198,715	SH		SOLE		1,198,715	0	0
VANGUARD FTSE EUROPE ETF	COM	922042874	249,895	3,742,619	SH		SOLE		3,742,619	0	0
VANGUARD SHORTTERM TREASURY	COM	92206C102	6,204	106,977	SH		SOLE		106,977	0	0
VANGUARD SHORTTERM TREASURY	COM	92206C102	7,071	121,930	SH		SOLE		121,930	0	0
VANGUARD SHORTTERM TREASURY	COM	92206C102	194,382	3,351,994	SH		SOLE		3,351,994	0	0
VANGUARD SHORTTERM TREASURY	COM	92206C102	530	9,132	SH		SOLE		9,132	0	0
VANGUARD INTERMEDIATETERM T	COM	92206C706	197,442	3,390,733	SH		SOLE		3,390,733	0	0
VANGUARD LONGTERM TREASURY	COM	92206C847	3,994	69,236	SH		SOLE		69,236	0	0
VANGUARD LONGTERM TREASURY	COM	92206C847	44,103	764,623	SH		SOLE		764,623	0	0