June 24, 2026

State of Michigan Investment Board Meeting

June 24, 2026

Agenda

1. 9:30 a.m. Call to Order and Opening Remarks
2. 9:35 a.m. Approval of the 12/17/25 SMIB Meeting Minutes
3. Approval of the 3/25/26 SMIB Meeting Minutes
4. 9:40 a.m. Executive Summary & Performance for Periods Ending 3/31/26
5. 9:45 a.m. Asset Allocation Review
   1. Markets Review and Outlook
6. 9:50 a.m. Review of Investment Reports
   1. Real Estate & Infrastructure – Update
   2. Private Equity – Receive and File
   3. Real Return & Opportunistic – Receive and File
   4. Defined Contribution – Receive and File
   5. Fixed Income – Receive and File
   6. International Equity – Receive and File
   7. Domestic Equity – Receive and File
   8. Absolute Return – Receive and File
7. 10:00 a.m. Guest Speaker: Seema Shah, Chief Global Strategist
   1. Principal Asset Management
8. 10:55 a.m. Public Comment
9. 11:00 a.m. Closing Remarks ~ Adjournment

2026 Meeting Schedule

1. Wednesday, September 23, 2026
2. Wednesday, December 16, 2026

All meetings start at 9:30 a.m.