Municipal Employees' Retirement System of Michigan Buys iShares Core S&P 500 ETF, , iShares 0-5 Year TIPS Bond ETF, Sells NGL Energy Partners LP, Crestwood Equity Partners LP, TC Pipelines LP

• New Purchases: IVV, ITE, STIP, MBB, FLRN, IGSB, IWM, PK, OC, ETSY, GRUB, CUZ, 1BA, 1BA, PEN, NCMI, SRC, HPO, CADE, KAR, KTB, TSE, XNCR, XER2, LHX, NBN, CTBI, EVC, FDEF, GHDX, HBNC, 2OQ, AM, HCC, PPC, GCP, VGR, TMUS, TCS, CCBG, WW6, USNA, FIZZ, AMCR, MLAB, E65F, TMJ, RES, SPB,
• Added Positions: FL, FIS, UGI, PVAC, ADC, AMZN, ABCB, CVBF, DCO, EBF, FISV, GPN, HWKN, IIVI, JOUT, JLL, HZO, MPW, MDCO, PPBI, RCKY, CRM, SM, IPI, AAT, FB, HQY, SHAK, DDD, EGHT, CB, PLD, AMSF, AKR, NSP, AMD, AGYS, APD, ALK, ARE, ALXN, ALGN, MO, AMED, AXL, AEP, AEL, AFG, AIG, AMT, AME, ADI, ANDE, AON, WTR, ARWR, AJG, ADSK, AVB, BLL, BXS, BDX, BIO, ANIP, BKH, SAM, BXP, BSX, EPAY, BRC, BRKS, MTRN, CEVA, CMS, CVS, CVGW, CMO, CELG, CNC, CERN, SCHW, CHK, CME, CIEN, CI, CTAS, CIR, CLX, COHU, NNN, CPSI, CAG, CNMD, CNSL, ED, STZ, COO, CPRT, COST, CREE, CCRN, CRY, CUB, CUTR, DHR, DBD, DLR, DLTR, DUK, BOOM, EGBN, EGP, ECL, EIX, EW, EMR, ENDP, EPR, EFX, EQIX, EQR, ESS, EXC, EXPE, EXPO, EXR, EXTR, NEE, FDX, FMBI, BANC, FE, FLO, F, GE, GIS, GNW, ROCK, ITGR, GBX, HWC, MNST, HSC, WELL, HSTM, HR, HSY, HSKA, HMN, ICUI, INFO, IDXX, IR, IPAR, INTL, IBOC, INTU, IVC, ITRI, KELYA, KMB, KEX, KRG, MDLZ, KR, LPT, LNN, LPSN, LMNX, MGM, MGPI, TIVO, MCS, MMC, MLM, MTRX, MKC, MDR, MCK, MRCY, MTD, MCHP, MNTA, MCRI, MPWR, MCO, MSI, MYE, EGOV, NATI, NTUS, NP, NYMT, NEM, ES, NTRS, ORLY, OXY, OIS, OHI, OMCL, OKE, OSUR, OMI, OI, PCAR, PPG, PDCO, PAYX, PENN, PRAA, POWI, PFG, PGR, PB, PRSC, PEG, PSA, QCOM, NXGN, RLI, RMBS, RRC, RWT, REG, RF, RNR, RSG, RMD, ROP, RCL, SBAC, SPXC, SAFT, SANM, BFS, SLB, SCHL, SIG, SLGN, SFNC, SAH, SO, SBSI, SWX, SPPI, SWK, SRCL, STRA, SYK, STI, TISI, TTEC, TDS, THC, TNC, TEX, TXN, THO, RIG, TGI, TRST, TUP, TSN, USPH, UCTT, UIS, UNT, UDR, UNFI, UPS, KMPR, UVV, UEIC, UFPI, UHT, UBA, VECO, VTR, VVI, VICR, WAB, WM, WCG, WDC, WHR, WLH, WMB, WGO, WEC, WETF, WWE, WYNN, XEL, YUM, ZBH, IRBT, NEO, LQDT, TDG, VG, PGTI, GTLS, CVLT, EHTH, DEI, ALGT, ORIT, BR, IBKR, TTGT, CXO, VRTU, ENSG, ARR, BEAT, SRCI, TREE, OPI, IVR, ADUS, VRSK, ARI, QNST, MXL, CLDT, QEP, SIX, CPS, USCR, GM, SBRA, FRC, WD, HCA, CJ, CHEF, APTV, WPX, PARR, SLCA, MTDR, POST, RLGY, SSTK, CONE, ZTS, ENTA, FSB, IQV, AHH, IRT, FOXF, TPRE, AMBC, TWTR, MMI, LGIH, NMIH, NEWM, INGN, GOOG, PAHC, SFBS, CTRE, ANET, MIK, VRTV, LNTH, VBTX, KEYS, SYNH, ENVA, PRAH, JRVR, DEA, SEDG, NSA, UNIT, CHCT, ALRM, KHC, OLLI, GMS, TCMD, FTV, TRHC, IIPR, VREX, GTX, LTHM, CVET, CTVA,
• Reduced Positions: IEX, MKTX, LDOS, REGI, FCFS, NSIT, MGLN, TTEK, AXE, SIGI, SPTN, AAXN, VSI, RMAX, AIR, AKS, TVTY, AIT, BHE, BIG, CRZO, ECPG, FCN, GES, MANT, TLRD, MERC, MOG.A, MLI, ODP, PDCE, PLXS, RGEN, SCSC, TTI, UNF, UCBI, WNC, AAWW, KOP, EVR, KRA, WPG, GCI, AZZ, ANF, ALG, AIN, AMWD, THRM, ANGO, ARCB, ATNI, BJRI, B, BELFB, BPFH, BRKL, BKE, CTS, HLX, CALM, ELY, CECO, CVCO, CPF, CHS, CMTL, CONN, CTB, CFR, DXPE, DNR, DGII, DIOD, ESE, WIRE, NPO, PLUS, ETH, FBP, FCF, FFBC, FBC, FORM, FOSL, FSP, GIII, GCO, GFF, GPOR, HMSY, HVT, HIBB, DIN, BCOR, AEGN, JBSS, KAMN, KEM, KRC, KFY, KLIC, LZB, TBI, MDC, MHO, MRTN, MATW, VIVO, MTH, CASH, MEI, HOPE, NCI, NEU, NR, NWBI, NWN, IOSP, ZEUS, OFG, PLAB, PJC, PFS, RCII, STBA, SWM, CKH, SCVL, SXI, SCL, RGR, SYKE, TTMI, XPER, INVA, TWI, TMP, TG, TRN, UFI, WDR, WTS, WLL, WWW, ZUMZ, ACOR, GPRE, KALU, LTXB, IPHS, CENTA, BGS, TYPE, AROC, NFBK, HI, NX, MYRG, FF, VRTS, FN, WSR, VRA, BCEI, FRGI, NBHC, RH, PBF, ERA, EVTC, KN, CCS, GWB, BOOT, TBK, XHR, BLD, BNED, FLOW, MEDP, DFIN, ICHR, PUMP, SGH, AGCO, EPAC, RAMP, AMAG, MDRX, AEO, APOG, ARW, ABG, ASH, ASB, AVT, BOH, BANR, BBBY, BDC, BHLB, HPR, EAT, CAL, BC, CBT, CSL, CRI, CATO, CAR, CAKE, CHE, PLCE, CRUS, COHR, CNO, CNX, CORT, LIVN, DBI, DAKT, ATGE, DECK, DLX, DKS, DDS, UFS, DCI, SSP, EXP, EV, ENS, FICO, PACW, FHN, FWRD, FULT, GATX, GME, GNTX, GHL, HAE, HAIN, THG, HA, HTLD, HELE, HFWA, HUBG, HUBB, IIIN, IDCC, TILE, ISCA, JCP, JBL, JBLU, JW.A, JCI, KIRK, KNX, LSTR, LM, LII, LGND, LECO, LFUS, MANH, MAN, MTZ, MOV, MUR, NBR, ONTO, NTCT, NDSN, ODFL, OLN, ORCL, OSK, PZZA, PTC, PTEN, MD, PNFP, PBI, PCH, PBH, STL, KWR, RPM, RBC, RGS, RS, RECN, RUTH, SEIC, SLM, SGMS, SNBR, SBNY, SKYW, STMP, SMP, SBUX, STLD, SF, SYNA, SNX, SNV, SKT, TECD, TER, TXRH, TOL, TR, TREX, UMBF, SPOK, X, URBN, VMI, WAFD, WST, WSM, WRLD, INT, WOR, EBAY, STAR, UVE, CROX, WYND, EBS, EIG, TDC, APEI, CATM, UIHC, CFX, HCI, LOGM, ECHO, LOCO, PMT, PRI, SPSC, EXPR, LYB, CZR, AMCX, SXC, HMST, TTS, VAC, LPI, YELP, BLMN, SFM, SAIC, BRX, CRCM, EGRX, SABR, NAVI, RYAM, CDK, UE, CC, EXTN, ASIX, JHG, JBGS, BHF, CEIX, DLPH, NVT, WH, PRSP, KLXE,
• Sold Out: NGL, CEQP, TCP, CQP, NS, SHLX, GEL, HEP, ENBL, FNSR, CPZ1, XRX, UBNK, CHSP, WAGE, SFLY, TOWR, HF, APC, RHT, OLBK, EFII, CRAY, TSS, NRE, HRS, CARS, MNK, CTRL, WW, LABL, BKS, SUP, NLS, KOPN, LKSD, ASNA,

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) - 1,158,671 shares, 17.42% of the total portfolio. New Position
2. (ITE) - 3,744,894 shares, 5.90% of the total portfolio. New Position
3. iShares 0-5 Year TIPS Bond ETF (STIP) - 598,384 shares, 3.02% of the total portfolio. New Position
4. iShares MBS ETF (MBB) - 465,332 shares, 2.54% of the total portfolio. New Position
5. SPDR Barclays Investment Grade Floating Rate ETF (FLRN) - 1,468,189 shares, 2.27% of the total portfolio. New Position

Municipal Employees' Retirement System of Michigan initiated holding in iShares Core S&P 500 ETF. The purchase prices were between $284.16 and $302.28, with an estimated average price of $295.89. The stock is now traded at around $304.87. The impact to a portfolio due to this purchase was 17.42%. The holding were 1,158,671 shares as of .

Municipal Employees' Retirement System of Michigan initiated holding in . The purchase prices were between $61.16 and $63.18, with an estimated average price of $62.1. The stock is now traded at around $62.28. The impact to a portfolio due to this purchase was 5.9%. The holding were 3,744,894 shares as of .

Municipal Employees' Retirement System of Michigan initiated holding in iShares 0-5 Year TIPS Bond ETF. The purchase prices were between $99.87 and $100.5, with an estimated average price of $100.18. The stock is now traded at around $100.04. The impact to a portfolio due to this purchase was 3.02%. The holding were 598,384 shares as of .

Municipal Employees' Retirement System of Michigan initiated holding in iShares MBS ETF. The purchase prices were between $107.22 and $108.5, with an estimated average price of $107.91. The stock is now traded at around $108.04. The impact to a portfolio due to this purchase was 2.54%. The holding were 465,332 shares as of .

Municipal Employees' Retirement System of Michigan initiated holding in SPDR Barclays Investment Grade Floating Rate ETF. The purchase prices were between $30.44 and $30.7, with an estimated average price of $30.57. The stock is now traded at around $30.77. The impact to a portfolio due to this purchase was 2.27%. The holding were 1,468,189 shares as of .

Municipal Employees' Retirement System of Michigan initiated holding in iShares 1-3 Year Credit Bond ETF. The purchase prices were between $52.76 and $53.63, with an estimated average price of $53.23. The stock is now traded at around $53.65. The impact to a portfolio due to this purchase was 0.76%. The holding were 282,539 shares as of .

Municipal Employees' Retirement System of Michigan added to a holding in Foot Locker Inc by 256.41%. The purchase prices were between $34 and $43.24, with an estimated average price of $40.21. The stock is now traded at around $44.25. The impact to a portfolio due to this purchase was 0.04%. The holding were 25,840 shares as of .

Municipal Employees' Retirement System of Michigan added to a holding in Fidelity National Information Services Inc by 92.39%. The purchase prices were between $124.57 and $139.62, with an estimated average price of $132.74. The stock is now traded at around $130.70. The impact to a portfolio due to this purchase was 0.03%. The holding were 8,600 shares as of .

Municipal Employees' Retirement System of Michigan added to a holding in Penn Virginia Corp by 142.28%. The purchase prices were between $27.56 and $36.08, with an estimated average price of $30.97. The stock is now traded at around $26.47. The impact to a portfolio due to this purchase was 0.02%. The holding were 25,100 shares as of .

Municipal Employees' Retirement System of Michigan added to a holding in Hawkins Inc by 243.40%. The purchase prices were between $40.98 and $46.91, with an estimated average price of $43.82. The stock is now traded at around $41.20. The impact to a portfolio due to this purchase was 0.01%. The holding were 9,890 shares as of .

Municipal Employees' Retirement System of Michigan added to a holding in Ameris Bancorp by 29.66%. The purchase prices were between $33.96 and $40.26, with an estimated average price of $37.68. The stock is now traded at around $43.89. The impact to a portfolio due to this purchase was 0.01%. The holding were 19,604 shares as of .

Municipal Employees' Retirement System of Michigan added to a holding in Ennis Inc by 37.44%. The purchase prices were between $19.28 and $21.33, with an estimated average price of $20.24. The stock is now traded at around $19.77. The impact to a portfolio due to this purchase was 0.01%. The holding were 32,050 shares as of .

Municipal Employees' Retirement System of Michigan sold out a holding in NGL Energy Partners LP. The sale prices were between $12.3 and $15.5, with an estimated average price of $14.11.

Municipal Employees' Retirement System of Michigan sold out a holding in Crestwood Equity Partners LP. The sale prices were between $32.6 and $39.6, with an estimated average price of $36.28.

Municipal Employees' Retirement System of Michigan sold out a holding in TC Pipelines LP. The sale prices were between $36.59 and $40.83, with an estimated average price of $38.99.

Municipal Employees' Retirement System of Michigan sold out a holding in Cheniere Energy Partners LP. The sale prices were between $42.45 and $48.19, with an estimated average price of $44.38.

Municipal Employees' Retirement System of Michigan sold out a holding in NuStar Energy LP. The sale prices were between $26.3 and $29.53, with an estimated average price of $27.85.

Municipal Employees' Retirement System of Michigan sold out a holding in Shell Midstream Partners LP. The sale prices were between $19.03 and $21.72, with an estimated average price of $20.62.