Municipal Employees' Retirement System of Michigan Buys SPDR Portfolio Short Term Treasury, iShares Core S&P Mid-Cap, iShares Core S&P 500, Sells iShares iBoxx $ High Yield Corporate Bond, iShares Core MSCI Emerging Markets, SPDR Bloomberg Barclays High Y

• New Purchases: IJH, TLT, IJR,
• Added Positions: SPTS, IVV, EMB, MBB, AVGO, ADP, GD, GL, LNT, BXP, CERN, DOV, LLY, MNST, HSIC, JBHT, ROP, TMO, VRSN, HII, ABC, ADM, AVY, BMY, CPB, CTAS, COO, XRAY, DVA, DISH, ESS, FLS, IPG, KSU, MDLZ, LEG, MLM, MAS, PKG, DISCK, CBOE, FBHS, PYPL, FOX, AKAM, CF, CTL, CHD, ED, GLW, DISCA, EIX, EW, EQR, FISV, ICE, JNPR, KLAC, K, KIM, MHK, ES, NUE, PH, RL, PGR, RMD, WAB, WBA, ZBRA, ZION, ZTS, ANET, KEYS, KHC, HPE, ALXN, ALGN, BWA, GPN, WELL, IP, KSS, MTB, MXIM, MET, JWN, PXD, PWR, O, RSG, WRK, SLG, SHW, SNA, VTR, VMC, GWW, XRX, CDW, HWM,
• Reduced Positions: IEUR, STIP, MSFT, AAPL, AMZN, FB, JNJ, GOOGL, BRK.B, NFLX, V, INTC, NVDA, UNH, PG, ADBE, HD, JPM, RTX, VZ, MA, MRK, PFE, T, ABT, CSCO, PEP, CRM, WMT, AMGN, WFC, ABBV, KO, COST, DIS, BAC, CMCSA, NEE, GILD, MCD, NKE, ORCL, SO, CVX, XOM, IBM, TXN, UNP, PM, DUK, HIG, MMM, FIS, CI, D, WM, ANTM, KMI, APD, AEE, TFC, BIIB, CBRE, CVS, COF, COP, ETR, EXC, HUM, ITW, MS, PNC, QCOM, SRE, TRV, TROW, TGT, VNO, EVRG, ALL, AIZ, CCL, CAG, DHI, EOG, EXPE, FITB, IT, GE, GPC, GS, IFF, SJM, KR, LKQ, LEN, LMT, NEM, PRU, PHM, RJF, STT, TXT, TSN, UAL, DAL, CHTR, GM, SYF, CFG, QRVO, ALK, ALB, ADS, AIG, AMP, AMAT, KMX, EMN, EA, BEN, FCX, LNC, MGM, MRO, MU, PPL, PVH, PFG, RF, SIVB, TFX, UPS, UNM, VRTX, WHR, WMB, FANG, FOXA,
• Sold Out: HYG, IEMG, JNK, VGK, GOOG, HON, C, CTXS, IWM, AXP, BA, BLK, DPZ, IMKTA, TDY, TYL, USB, WST, AFL, FDS, FICO, MPW, CNXN, SPTN, TER, Y, AMT, ANSS, BIO, BRO, CPT, CAT, CY, GGG, JBSS, MOH, NDAQ, PEG, RPM, REGN, POOL, TRMB, MASI, A2A, CTLT, CABO, ALG, AMED, APH, ATR, BF.B, CSL, CRL, CHE, CIEN, CINF, CGNX, CMI, DHR, EXPD, EXPO, FE, FORM, GIS, EHC, HRC, HUBB, KRC, LHCG, LII, MPWR, NEOG, NDSN, NTRS, OGE, OHI, PCAR, PTC, PNW, RS, RGLD, SEIC, SCI, SBUX, SNPS, TECH, TTC, VLGEA, EHTH, MYRG, ADUS, GNRC, CONE, LITE, PLD, AMN, ATVI, AMG, A, ADC, MO, AFG, AWR, AXE, AIV, ARW, AZO, AVA, BCPC, BDX, CACI, CBZ, CHRW, CVBF, CASY, CNC, CNP, SCHW, CME, CCOI, CTSH, CL, CBSH, NNN, CBU, CPRT, INGR, CUZ, CCI, DCI, EE, EQIX, EL, EXEL, FCN, FR, AJRD, GNTX, GBCI, HAE, HE, HST, IDA, INTU, ISRG, VIAV, JLL, KFRC, LAMR, LXP, LECO, LOW, MHO, MDU, MKSI, SPGI, MNTA, NYCB, NYT, ORI, ZEUS, OMCL, OSK, PBCT, PKI, PLAB, POWI, BKNG, PB, DGX, RGEN, ROK, SMG, XPO, SBNY, SSD, SON, LSI, STLD, SRCL, STRA, SYK, SYY, TJX, AAXN, TECD, TG, TREX, UGI, UTHR, KMPR, OLED, WDFC, WSO, WEX, NEO, DEI, OC, EBS, ACM, RGA, LOGM, LEA, FAF, COR, RYI, DNKN, POST, PSX, NOW, QLYS, OGS, PRAH, ETSY, PEN, CDAY, AAON, ABM, AES, AGCO, ALE, AYI, AEIS, AMD, APT, ACC, AEP, AEL, ABCB, ADI, ANGO, ANIK, AIT, ARWR, ASH, ADSK, AVT, BMI, B, BAX, BSTC, BKH, BLKB, SAM, BSX, BRC, BCO, BRKS, BC, VIAC, CRAI, CSX, CTS, CCMP, COG, CWT, CAH, CRI, CATO, CHDN, CRUS, CLH, CLF, COHR, COLB, CMTL, CNMD, OFC, CR, CREE, CFR, CW, DAR, DECK, DE, DIOD, DHT, LCII, ESE, EWBC, EGP, EV, ECL, EME, EBF, AGM, FSS, FCFS, FFBC, FFIN, FHN, FLO, FELE, ITGR, HMSY, THG, LHX, HR, HSII, HFWA, HIW, HMN, HUBG, HBAN, ICUI, IIVI, ITT, ILMN, INDB, NSIT, IART, ITRI, JJSF, JCOM, JBL, JBLU, KAI, KEY, KBAL, KMB, KEX, KNX, SR, LRCX, LANC, LSTR, LM, JEF, LAD, LFUS, MSM, MANT, MANH, MAN, HZO, MMC, MAT, MMS, MRCY, VIVO, MMSI, CASH, MLR, MSA, MCO, MOG.A, EGOV, NRG, NFG, NATI, NKTR, NJR, NEU, NSC, NOC, NWN, NWE, NUVA, IOSP, ONB, OPY, OFG, PNM, PSB, PNFP, PLXS, PII, PFBC, PDEX, KWR, DORM, RLI, RYN, RTN, RBC, RCII, RGP, RHI, ROG, SAIA, SLM, SANM, SCHN, CKH, SIGI, SMTC, SHEN, SCVL, SLAB, SFNC, SKX, SJI, LUV, SWX, STMP, SCL, STRL, SHOO, SF, SNX, SNV, TCF, TCO, TTEK, TXRH, ACIW, THS, TCBK, WEN, UNF, UFPI, UHS, UTMD, VFC, VLO, VLY, WRE, WTS, WABC, WSM, WWD, VNDA, VG, EXLS, KBR, FSLR, IBKR, DFS, ENSG, TITN, SMBK, IRDM, NX, JBT, LOPE, FF, SEM, DG, PRI, SPSC, CZR, HCA, SXC, PRLB, FIVE, GMED, SRC, GMRE, LAND, NWSA, FOXF, MUSA, SAIC, BRX, XNCR, GRUB, SPWH, CCS, HQY, CDK, KE, SYNH, TBK, DEA, SEDG, NSA, WING, BLD, OLLI, CSWI, ABTX, VRS, KNSL, MEDP, VVV, 6LN, JBGS, BHF, WH, PRSP, BJ, ACA, FLWS, DDD, EGHT, AIR, AMSF, AZZ, ANF, AKR, RAMP, NSP, AIN, MATX, ARE, ATI, MDRX, HES, AEO, ECOL, AMWD, THRM, AME, ANDE, APOG, ABR, AJG, MTOR, ABG, ASB, ASTE, ATNI, ATO, AN, AVB, ACLS, BRT, BLL, BXS, BOCH, BOH, OZK, BFIN, BANR, BDC, BHE, BHLB, BBY, BIG, AX, BPFH, EPAY, BYD, BDGE, BRKL, MTRN, BMTC, CBRL, CEVA, CMS, CSGS, CBT, CDNS, CALM, CVGW, ELY, CAC, CMD, CCBG, PRDO, CRS, CATY, CVCO, CNOB, CHH, XEC, CBB, CTRN, CHCO, CLX, TPR, COKE, COHU, COLM, CMCO, CMA, FIX, CMC, CTBI, CMP, CONN, CNO, CNX, STZ, CTB, CORT, CORE, CXW, CVTI, CRWS, CRY, CUB, LIVN, CYTK, DTE, DXPE, ATGE, DLX, DRH, DKS, DGII, DLR, DLTR, UFS, DD, DRQ, DCO, DRE, EZPW, EGBN, EGLE, EXP, EMR, ECPG, WIRE, ENS, EPC, NPO, EPR, EVC, PLUS, EFX, EQT, EXR, FNB, FLIR, FMC, FMNB, FARO, FAST, FDX, FHI, FOE, CLGX, FBP, FCF, PACW, THFF, FMBI, FBC, FLR, FFIC, FONR, FL, F, FWRD, FSP, FRD, FULT, GATX, GPX, TGNA, GENC, GNW, GTY, ROCK, GT, GVA, GBX, GFF, GPI, HRB, FUL, HNI, HAIN, HAL, HWC, HNGR, HLIT, HSC, HVT, HWKN, PEAK, HSTM, HCSG, HTLD, HTBK, MLHR, HSY, HPQ, HIBB, HFC, HOFT, HBNC, HRL, SVC, IEC, IDXX, INCY, IBCP, BCOR, AEGN, IPAR, IDCC, INTL, IBOC, IRET, JKHY, JACK, JW.A, JOUT, KBH, KAMN, KEM, KMT, KRG, KFY, KLIC, LTC, LZB, TBI, LH, LVS, LGND, LNN, LPSN, LPX, LMNX, MDC, CLI, TIVO, MGLN, MKTX, MAR, MRTN, MTZ, MATW, MKC, MCK, MED, MCY, MTH, MLAB, MEI, MTD, MSTR, MCHP, MAA, MNDO, MTX, MINI, TAP, MNRO, MSI, MOV, MLI, MUR, MYGN, NBTB, NCR, HOPE, NAII, EPM, NTUS, NP, NTCT, NTWK, NTGR, NYMT, NBN, NWBI, NUS, ORLY, OSIS, OXY, ODP, ODFL, OLN, OMC, ASGN, OSUR, OFIX, OMI, OI, OXM, PFSW, GLT, PPG, PPBI, PZZA, PATK, PDCO, PAYX, MD, PENN, PEBO, PRFT, PETS, PDCE, PPC, PIPR, POL, PRAA, PCH, PBH, PSMT, PRA, PRGS, PRSC, PFS, STL, PSA, NXGN, RFIL, RMBS, RAVN, RWT, REX, RCKY, ROST, ONTO, R, STBA, SBAC, SPXC, SAFT, SAFM, SCSC, SLB, SCHL, SWM, SBCF, SNBR, DHC, SXT, SVBI, SLGN, SPG, SKYW, SWKS, SBSI, SWN, JOE, SMP, SXI, SWK, STC, RGR, SMMF, SYKE, SYNA, TTMI, TTWO, DLHC, TTEC, TDS, TPX, THC, TNC, TEX, XPER, TCBI, TBBK, GEO, INVA, THO, TIF, TKR, TOL, TMP, TRN, TRST, TRMK, TWIN, USPH, UFPT, UMBF, UCTT, UMPQ, UIS, UBSI, UCBI, UFCS, URI, X, UVV, UEIC, UHT, USAP, UVSP, URBN, USNA, EGY, VSEC, VMI, OSPN, VGR, VSAT, VICR, VSH, WDR, WAFD, GHC, WAT, WBS, WRI, WERN, WDC, WNEB, WY, WGO, WTFC, WEC, WWW, INT, WWE, WOR, XEL, XLNX, YUM, ZBH, ZUMZ, EBAY, IRBT, STAR, CMG, AAWW, UVE, CROX, TDG, AAN, HOMB, CSII, KALU, GTLS, WYND, EVR, HBI, CVLT, LDOS, SONA, SBH, ALGT, AVAV, EIG, CENTA, NCMI, GLUU, BR, TMUS, CNK, BGS, CLNE, GRBK, CXO, VRTU, AWK, TDC, MSCI, LRN, ROIC, ARR, BEAT, HI, PW9, DAN, CFX, TREE, VRTS, OPI, IVR, PMT, FTNT, AMPH, VRSK, ARI, KAR, PEB, CIT, MXL, SIX, VPG, GDOT, WSR, HEAR, VRA, SBRA, FRC, FLT, WD, AAT, PCRX, VC, MOS, AMCX, MPC, MSBI, HMST, XYL, ACHC, VAC, TRIP, BCEI, WPX, REGI, YELP, CSTE, RM, SUPN, ACRE, HTBI, BLMN, NBHC, SSTK, RH, ALEX, ERA, TPH, BCC, ENTA, TMHC, EVTC, IQV, TSC, AHH, SFM, IRT, AMBC, TWTR, MMI, TCS, LGIH, NMIH, HLT, MBUU, IBP, INGN, KN, BGSF, SABR, NAVI, SFBS, FFWM, CTRE, IRMD, LNTH, ERI, VBTX, GWB, AVNS, UE, SHAK, VSTO, XHR, JCAP, NXRT, UNIT, CHCT, GNL, ENR, GKOS, ALRM, CC, RUN, BNED, RGNX, FLOW, EQBK, FCPT, GCP, NGVT, GMS, TCMD, FTV, DFIN, TRHC, IIPR, PK, VREX, SACH, CADE, HCC, SAFE, BY, BKR, LBC, ILPT, EPRT, LTHM, ETRN, CVET, DOW, KTB, CTVA, AMCR, AOS, ABMD, ADTN, AAP, AMAG, AGYS, CRMT, AXL, TVTY, AVD, ARCB, ALOT, BJRI, ESTE, BSET, BBBY, BELFB, HPR, ANIP, BGG, EAT, CAL, BKE, CBL, HLX, CAMP, CPE, CMO, CDR, CE, CAR, CENT, CPF, CENX, CAKE, CHS, PLCE, CIR, CVGI, CYH, CPSI, DXC, CNSL, CRVL, CCRN, CUTR, DSPG, DBI, DAKT, DRI, DNR, DVN, DBD, DDS, DCOM, DY, BOOM, ETFC, SSP, EBIX, VAL, ETH, EXTR, FFIV, FRT, M, BANC, FORR, FOSL, GIII, GME, GPS, GCO, GHL, GEF, GES, GPOR, HAFC, HOG, HAS, HA, HP, HT, HSKA, HOLX, DIN, IEX, IIIN, TILE, IVC, IRM, J, KELYA, LXU, LCI, LB, LYV, LDL, MGPI, MTSC, MAC, MCS, MTRX, TLRD, MERC, MDP, MCRI, MPAA, MYE, NVR, FIZZ, NOV, NPK, NTAP, NWL, NR, NI, NBL, GEOS, OII, OIS, OKE, PDFS, PKE, PTEN, PEI, PBI, PLT, POWL, RDNT, PGNX, RRD, RES, RPT, RRC, RDI, RRGB, REG, RGS, ROL, RUTH, BFS, SGMS, SEE, SAH, SPPI, SM, SRDX, SBOW, NLOK, SKT, TISI, TTI, TWI, TR, TSCO, TGI, TUP, SPOK, USAK, UAA, UFI, UDR, UNFI, UBA, VAR, VECO, VVI, WRB, WNC, WW, WLL, WETF, WRLD, WYNN, SENEA, L, HNRG, HAYN, KOP, ACOR, LQDT, GPRE, PGTI, WU, LMAT, IPGP, TTGT, AROC, ULTA, LL, APEI, NFBK, ZAGG, UIHC, REI, IPI, HCI, CLW, ECHO, LOCO, KRA, QNST, CLDT, EXPR, OAS, QEP, CPS, USCR, INN, CHEF, LPI, PARR, CUBI, SLCA, MTDR, TLYS, WMC, FRGI, CHUY, PLAY, RLGY, PBF, RC, FSB, FNBCQ, COTY, NWS, AAOI, RMAX, AAL, TACO, EGRX, GCI, PAYC, PAHC, OPB, WPG, DNOW, RYAM, MIK, VRTV, TMST, BOOT, ENVA, ONDK, EXTN, UA, ASIX, LW, SND, PVAC, FBM, PUMP, AMPY, AM, KREF, IR, GPMT, FNKO, CEIX, DLPH, TALO, ARLO, KLXE, GTX, REZI, PNTG,

For the details of Municipal Employees' Retirement System of Michigan's stock buys and sells, go to https://www.gurufocus.com/guru/municipal+employees%27+retirement+system+of+michigan/current-portfolio/portfolio

1. iShares Core S&P 500 (IVV) - 3,266,549 shares, 27.13% of the total portfolio. Shares added by 57.09%
2. SPDR Portfolio Short Term Treasury (SPTS) - 18,893,978 shares, 15.56% of the total portfolio. Shares added by 1035.43%
3. (ITE) - 13,211,396 shares, 11.77% of the total portfolio. New Position
4. iShares Core S&P Mid-Cap (IJH) - 2,321,389 shares, 11.07% of the total portfolio. New Position
5. SPDR S&P 500 (SPY) - 1,250,193 shares, 10.34% of the total portfolio.

Municipal Employees' Retirement System of Michigan initiated holding in iShares Core S&P Mid-Cap. The purchase prices were between $132.69 and $193.7, with an estimated average price of $165.21. The stock is now traded at around $178.85. The impact to a portfolio due to this purchase was 11.07%. The holding were 2,321,389 shares as of .

Municipal Employees' Retirement System of Michigan initiated holding in iShares 20+ Year Treasury Bond ETF. The purchase prices were between $156.11 and $171.29, with an estimated average price of $164.66. The stock is now traded at around $162.92. The impact to a portfolio due to this purchase was 2.35%. The holding were 534,409 shares as of .

Municipal Employees' Retirement System of Michigan initiated holding in iShares Core S&P Small-Cap. The purchase prices were between $50.81 and $75.28, with an estimated average price of $62.85. The stock is now traded at around $68.32. The impact to a portfolio due to this purchase was 2.12%. The holding were 1,159,522 shares as of .

Municipal Employees' Retirement System of Michigan added to a holding in SPDR Portfolio Short Term Treasury by 1035.43%. The purchase prices were between $30.66 and $30.74, with an estimated average price of $30.7. The stock is now traded at around $30.71. The impact to a portfolio due to this purchase was 14.19%. The holding were 18,893,978 shares as of .

Municipal Employees' Retirement System of Michigan added to a holding in iShares Core S&P 500 by 57.09%. The purchase prices were between $245.78 and $323.06, with an estimated average price of $292.09. The stock is now traded at around $317.06. The impact to a portfolio due to this purchase was 9.86%. The holding were 3,266,549 shares as of .

Municipal Employees' Retirement System of Michigan added to a holding in iShares J.P. Morgan USD Emerging Markets Bond ETF by 132.29%. The purchase prices were between $92.92 and $108.9, with an estimated average price of $102.72. The stock is now traded at around $110.21. The impact to a portfolio due to this purchase was 4.5%. The holding were 2,702,315 shares as of .

Municipal Employees' Retirement System of Michigan added to a holding in iShares MBS ETF by 121.97%. The purchase prices were between $109.82 and $111.24, with an estimated average price of $110.72. The stock is now traded at around $110.63. The impact to a portfolio due to this purchase was 1.35%. The holding were 828,554 shares as of .

Municipal Employees' Retirement System of Michigan added to a holding in Broadcom Inc by 102.18%. The purchase prices were between $223.63 and $318.71, with an estimated average price of $278.78. The stock is now traded at around $317.87. The impact to a portfolio due to this purchase was 0.05%. The holding were 11,500 shares as of .

Municipal Employees' Retirement System of Michigan added to a holding in Automatic Data Processing Inc by 158.23%. The purchase prices were between $128.57 and $161.15, with an estimated average price of $142.98. The stock is now traded at around $150.33. The impact to a portfolio due to this purchase was 0.04%. The holding were 16,010 shares as of .

Municipal Employees' Retirement System of Michigan sold out a holding in iShares iBoxx $ High Yield Corporate Bond. The sale prices were between $72.62 and $84.2, with an estimated average price of $79.87.

Municipal Employees' Retirement System of Michigan sold out a holding in iShares Core MSCI Emerging Markets. The sale prices were between $38.47 and $48.81, with an estimated average price of $44.24.

Municipal Employees' Retirement System of Michigan sold out a holding in SPDR Bloomberg Barclays High Yield Bond. The sale prices were between $89.2 and $104.24, with an estimated average price of $98.55.

Municipal Employees' Retirement System of Michigan sold out a holding in Vanguard FTSEEuropean. The sale prices were between $41.29 and $53.37, with an estimated average price of $47.09.

Municipal Employees' Retirement System of Michigan sold out a holding in Alphabet Inc. The sale prices were between $1097.88 and $1465.85, with an estimated average price of $1345.56.

Municipal Employees' Retirement System of Michigan sold out a holding in Honeywell International Inc. The sale prices were between $122.97 and $162.92, with an estimated average price of $140.33.