Municipal Employees' Retirement System of Michigan Buys SPDR Bloomberg Barclays Emerging Markets Local Bon, iShares J.P. Morgan USD Emerging Markets Bond ETF, iShares 7-10 Year Treasury Bond ETF, Sells iShares Core S&P Small-Cap ETF, iShares Core MSCI Eur

• New Purchases: EBND, IEF, LEMB, SPIB, SPSB, VWOB,
• Added Positions: EMB, SPTS, TLT, ITE, SPTL, MBB, IEMG, STIP, RING,
• Reduced Positions: IVV, IJH, IJR, USHY, XLE,
• Sold Out: IEUR, EEM, MLHR,

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 ETF (IVV) - 5,148,099 shares, 36.35% of the total portfolio. Shares reduced by 2.75%
2. SPDR Portfolio Short Term Treasury ETF (SPTS) - 25,603,639 shares, 13.93% of the total portfolio. Shares added by 11.20%
3. (ITE) - 20,134,895 shares, 11.46% of the total portfolio. Shares added by 11.84%
4. iShares Core S&P Mid-Cap ETF (IJH) - 1,738,231 shares, 8.03% of the total portfolio. Shares reduced by 10.35%
5. iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) - 3,798,039 shares, 7.34% of the total portfolio. Shares added by 64.88%

Municipal Employees' Retirement System of Michigan initiated holding in SPDR Bloomberg Barclays Emerging Markets Local Bon. The purchase prices were between $25.8 and $27.93, with an estimated average price of $27.02. The stock is now traded at around $26.535000. The impact to a portfolio due to this purchase was 2.98%. The holding were 6,460,691 shares as of 2021-03-31.

Municipal Employees' Retirement System of Michigan initiated holding in iShares 7-10 Year Treasury Bond ETF. The purchase prices were between $112.86 and $119.75, with an estimated average price of $116.37. The stock is now traded at around $114.320000. The impact to a portfolio due to this purchase was 2.22%. The holding were 1,105,412 shares as of 2021-03-31.

Municipal Employees' Retirement System of Michigan initiated holding in iShares J.P. Morgan EM Local Currency Bond ETF. The purchase prices were between $42.26 and $45.44, with an estimated average price of $44.22. The stock is now traded at around $43.460000. The impact to a portfolio due to this purchase was 0.9%. The holding were 1,185,958 shares as of 2021-03-31.

Municipal Employees' Retirement System of Michigan initiated holding in SPDR Portfolio Intermediate Term Corporate Bond ET. The purchase prices were between $36.08 and $36.99, with an estimated average price of $36.6. The stock is now traded at around $36.435000. The impact to a portfolio due to this purchase was 0.35%. The holding were 548,963 shares as of 2021-03-31.

Municipal Employees' Retirement System of Michigan initiated holding in SPDR Portfolio Short Term Corporate Bond ETF. The purchase prices were between $31.2 and $31.33, with an estimated average price of $31.28. The stock is now traded at around $31.310000. The impact to a portfolio due to this purchase was 0.2%. The holding were 366,210 shares as of 2021-03-31.

Municipal Employees' Retirement System of Michigan initiated holding in Vanguard Emerging Markets Government Bond ETF. The purchase prices were between $75.9 and $81.14, with an estimated average price of $79.02. The stock is now traded at around $78.933200. The impact to a portfolio due to this purchase was 0.08%. The holding were 57,658 shares as of 2021-03-31.

Municipal Employees' Retirement System of Michigan added to a holding in iShares J.P. Morgan USD Emerging Markets Bond ETF by 64.88%. The purchase prices were between $106.38 and $114.25, with an estimated average price of $111.08. The stock is now traded at around $111.125000. The impact to a portfolio due to this purchase was 2.89%. The holding were 3,798,039 shares as of 2021-03-31.

Municipal Employees' Retirement System of Michigan added to a holding in iShares 20+ Year Treasury Bond ETF by 102.93%. The purchase prices were between $133.74 and $156.95, with an estimated average price of $144.6. The stock is now traded at around $139.310000. The impact to a portfolio due to this purchase was 1.32%. The holding were 1,084,464 shares as of 2021-03-31.

Municipal Employees' Retirement System of Michigan added to a holding in SPDR Portfolio Long Term Treasury ETF by 68.17%. The purchase prices were between $38.44 and $44.88, with an estimated average price of $41.46. The stock is now traded at around $39.975000. The impact to a portfolio due to this purchase was 0.98%. The holding were 3,501,485 shares as of 2021-03-31.

Municipal Employees' Retirement System of Michigan added to a holding in iShares MBS ETF by 77.10%. The purchase prices were between $108.13 and $109.84, with an estimated average price of $109.15. The stock is now traded at around $108.805000. The impact to a portfolio due to this purchase was 0.67%. The holding were 804,040 shares as of 2021-03-31.

Municipal Employees' Retirement System of Michigan added to a holding in iShares Core MSCI Emerging Markets ETF by 24.76%. The purchase prices were between $62.41 and $69.46, with an estimated average price of $65.79. The stock is now traded at around $65.495000. The impact to a portfolio due to this purchase was 0.65%. The holding were 2,882,866 shares as of 2021-03-31.

Municipal Employees' Retirement System of Michigan added to a holding in iShares 0-5 Year TIPS Bond ETF by 105.66%. The purchase prices were between $104.28 and $105.67, with an estimated average price of $104.94. The stock is now traded at around $105.860000. The impact to a portfolio due to this purchase was 0.21%. The holding were 210,897 shares as of 2021-03-31.

Municipal Employees' Retirement System of Michigan sold out a holding in iShares Core MSCI Europe ETF. The sale prices were between $50.79 and $54.42, with an estimated average price of $53.03.

Municipal Employees' Retirement System of Michigan sold out a holding in iShares MSCI Emerging Markets ETF. The sale prices were between $51.68 and $57.96, with an estimated average price of $54.75.

Municipal Employees' Retirement System of Michigan sold out a holding in Herman Miller Inc. The sale prices were between $33.1 and $42.45, with an estimated average price of $38.27.