11-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

FORM 11-K

 

 

 

☒ ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE FISCAL YEAR ENDED DECEMBER 31, 2017

OR

 

☐ TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                  to

COMMISSION FILE NUMBER 1-14756

 

 

 

A. Full title of the plan and the address of the plan, if different from that of the issuer named below:

AMEREN CORPORATION

SAVINGS INVESTMENT PLAN

 

B. Name of issuer of securities held pursuant to the plan and the address of its principal executive office:

Ameren Corporation

1901 Chouteau Avenue

St. Louis, Missouri 63103

 

 

 

Ameren Corporation

Savings Investment Plan

Financial Statements and Supplemental Schedule

December 31, 2017 and 2016

Ameren Corporation

Savings Investment Plan

Index

 

Report of Independent Registered Public Accounting Firm
December 31, 2017 and 2016		      1  

Financial Statements

   
Statements of Net Assets Available for Benefits
December 31, 2017 and 2016 		     2  
Statements of Changes in Net Assets Available for Benefits
Years Ended December 31, 2017 and 2016		      3  
Notes to Financial Statements
December 31, 2017 and 2016 		     4-14  

Supplemental Schedule*

   
Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
December 31, 2017		      1-10  

 

* Other schedules required by 29 CFR 2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended, have been omitted because they are not applicable.

Report of Independent Registered Public Accounting Firm

Plan Participants and Plan Administrator of the Ameren Corporation Savings Investment Plan

St. Louis, Missouri

Opinion on the Financial Statements

We have audited the accompanying statements of net assets available for benefits of Ameren Corporation Savings Investment Plan (the “Plan”) as of December 31, 2017 and 2016, the related statements of changes in net assets available for benefits for the years then ended, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2017 and 2016, and the changes in net assets available for benefits for the years then ended, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting in accordance with the standards of the PCAOB. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion in accordance with the standards of the PCAOB.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Supplemental Information

The supplemental Schedule H, Line 4i – Schedule of Assets (Held at End of Year) as of December 31, 2017 has been subjected to audit procedures performed in conjunction with the audit of Ameren Corporation Savings Investment Plan’s financial statements. The supplemental schedule is the responsibility of the Plan’s management. Our audit procedures included determining whether the information presented in the supplemental schedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental schedule is fairly stated in all material respects in relation to the financial statements as a whole.

Crowe Horwath LLP

We have served as the Plan’s auditor since 2014.

South Bend, Indiana

June 15, 2018

Ameren Corporation

Savings Investment Plan

Statements of Net Assets Available for Benefits

December 31, 2017 and 2016

 

     2017      2016  

Assets

      

Investments, at fair value

    $ 2,103,516,154      $ 1,794,642,191  

Investments, at contract value

      281,815,710        299,821,780  
  

 

 

     

 

 

  

Total investments

      2,385,331,864        2,094,463,971  
  

 

 

     

 

 

  

Cash

      3,324,143        1,807,150  

Receivables

      

Notes receivable from participants

      35,190,999        34,530,404  

Participant contributions

      519,393        1,078,010  

Employer contributions

      158,771        322,437  

Dividends and interest

      515,423        458,599  

Due from brokers for securities sold

      28,383,718        6,534,911  
  

 

 

     

 

 

  

Total receivables

      64,768,304        42,924,361  
  

 

 

     

 

 

  

Total assets

      2,453,424,311        2,139,195,482  
  

 

 

     

 

 

  

Liabilities

      

Accrued expenses

      581,193        340,926  

Due to brokers for securities purchased

      35,116,737        14,236,300  
  

 

 

     

 

 

  

Total liabilities

      35,697,930        14,577,226  
  

 

 

     

 

 

  

Net assets available for benefits

    $ 2,417,726,381      $ 2,124,618,256  
  

 

 

     

 

 

  

The accompanying notes are an integral part of these financial statements.

 

2

Ameren Corporation

Savings Investment Plan

Statements of Changes in Net Assets Available for Benefits

Years Ended December 31, 2017 and 2016

 

     2017      2016  

Additions:

      

Investment income

      

Interest and dividends

    $ 31,373,733      $ 22,418,798  

Net appreciation in fair value of investments

      310,691,227        157,034,429  
  

 

 

     

 

 

  

Total investment income

      342,064,960        179,453,227  
  

 

 

     

 

 

  

Interest on notes receivable from participants

      1,462,340        1,390,534  

Participant contributions

      85,553,891        83,371,122  

Employer contributions

      30,195,212        29,197,593  
  

 

 

     

 

 

  

Total additions

      459,276,403        293,412,476  
  

 

 

     

 

 

  

Deductions:

      

Benefits paid to participants

      162,432,457        131,144,664  

Administrative expenses

      3,735,821        3,600,394  
  

 

 

     

 

 

  

Total deductions

      166,168,278        134,745,058  
  

 

 

     

 

 

  

Net increase

      293,108,125        158,667,418  

Net assets available for benefits

      

Beginning of year

      2,124,618,256        1,965,950,838  
  

 

 

     

 

 

  

End of year

    $ 2,417,726,381      $ 2,124,618,256  
  

 

 

     

 

 

  

The accompanying notes are an integral part of these financial statements.

 

3

Ameren Corporation

Savings Investment Plan

Notes to Financial Statements

December 31, 2017 and 2016

 

1. Description of the Plan

General

The following is a summary of the various provisions of the Ameren Corporation Savings Investment Plan (the “Plan”). Participants should refer to the Summary Plan Document for more complete information.

The Plan is a defined contribution plan. Its purpose is to provide employees eligible to participate (the “Participants”) of Ameren Corporation (the “Company”) and its wholly owned subsidiaries the opportunity to defer a portion of their compensation for federal income tax purposes in accordance with Section 401(k) of the Internal Revenue Code (the “Code”). The Plan is subject to certain provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended, and regulations of the Securities and Exchange Commission.

The Company serves as sponsor of the Plan, and, consequently, has the authority to amend or terminate the Plan subject to certain restrictions. The Ameren Administrative Committee has the authority and responsibility for the general administration of the Plan. Fidelity Management Trust Company, as Trustee, has the authority and responsibility to hold and protect the assets of the Plan in accordance with Plan provisions and with the Trust and Administrative Agreement.

Participation

All regular full-time employees are eligible to participate upon employment, and part-time or temporary employees are eligible to participate upon completion of a year of service of at least 1,000 hours. Employees covered by a collective bargaining agreement (“CBA”) are eligible to participate only if the CBA provides for such participation.

If employees do not make an election, nor opt-out within 30 days of employment; they are automatically enrolled at a 6% pre-tax contribution rate, invested in a Target Date fund based upon the date at which the participant is or will be age 65, and further enrolled in auto-escalation increasing their pre-tax contribution 1% annually, with no cap on the annual increases. Employees may opt-out or make alternative elections at any time.

Contributions

Each year, Participants may contribute up to 100% of eligible compensation, as defined in the Plan, and subject to annual limitations imposed by the Code.

The Company makes an Employer Basic Matching Contribution plus an Employer Additional Matching Contribution in an amount equal to a percent of the amount each Participant contributes to the Plan, up to a certain maximum percentage of the Participant’s compensation that he or she elects to contribute to the Plan each year. The amount of Company matching contribution depends on the Participant’s employment classification, and for contract employees is determined by the collective bargaining agreement with the specific union representing the Participants. The Company also makes true-up Employer Basic Matching Contributions for Participants who contribute the IRS maximum before the end of the year and, as a result, do not receive the full company match. The Employer Additional Matching Contributions are invested in the Ameren Stock Fund.

 

4

Ameren Corporation

Savings Investment Plan

Notes to Financial Statements

December 31, 2017 and 2016

 

The Plan permits “catch-up” contributions for all employees age 50 and older. Eligible employees could contribute $6,000 in 2017 and 2016, as a “catch-up” contribution. The Company does not match “catch-up” contributions.

Participants direct the investment of their contributions and the Employer Basic Matching Contributions to his or her account to any of the investment options available under the Plan, including Company stock. Contributions may be allocated to a single investment option or allocated in increments of one percent to any combination of investment options. Such elections may be changed daily. Although the Employer Additional Matching Contributions are invested in the Ameren Stock Fund, they may be immediately reallocated to other funds at the participants’ discretion.

Earnings derived from the assets of any investment fund are reinvested in the fund to which they relate. Participants may elect daily to reallocate, by actual dollar or percentage in one percent increments, the value of their accounts between funds. Pending investment of the assets into any investment fund, the Trustee may temporarily make certain short-term investments.

Participant Accounts

Each Participant’s account is credited with the Participant’s contributions and an allocation of (a) the Company’s contributions, and (b) Plan earnings, and is charged with an allocation of administrative expenses. Allocations are based on Participant contributions, eligible compensation, Participant account balances, or specific Participant transactions, as defined. The benefit to which the Participant is entitled is the benefit which can be provided from the Participant’s account. Each Participant directs the investment of his or her account to any of the investment options available under the Plan.

Notes Receivable from Participants

The Plan permits Participants to borrow from their accounts within the Plan. Such borrowings may be made subject to the following: (1) the minimum amount of the loan is $1,000, (2) the amount of the loan may not exceed the lesser of $50,000 or 50% of the vested amount in the Participant’s account, (3) the loan will bear a fixed interest rate and repayments will be made through mutual agreement subject to certain statutory repayment time limits, (4) each loan shall bear a reasonable interest rate as determined under policies established for the Plan and (5) such other rules and regulations as may be adopted by the Company. At December 31, 2017 and 2016, the interest rates on participant loans ranged from 4.00 percent to 10.50 percent.

Vesting

The amounts in Participants’ accounts, including Company contributions, are fully vested at all times.

Payment of Benefits

The total amount of a Participant’s account shall be distributed to the Participant according to one of the options as described in the Plan document and as elected by the Participant after termination of employment. All distributions shall be in the form of cash except that Participants may elect to have his or her interest in the Ameren Stock Fund distributed in shares of Ameren common stock. Participants may withdraw certain basic contributions, rollover contributions and related earnings thereon upon reaching age 59 1/2, in the event of total disability or financial hardship as defined by

 

5

Ameren Corporation

Savings Investment Plan

Notes to Financial Statements

December 31, 2017 and 2016

 

the Plan or the Code. For purposes of distributions, the Participant’s account value will be determined as of the last business day coincident with or immediately preceding the day of distribution. Contributions to the Plan and investment income thereon are taxable to Participants upon distribution pursuant to the rules provided for under the Plan and the Code.

The Plan also allows, at the discretion of the Company, participants of the former Union Electric Company Employee Stock Ownership Plan and the former Ameren Corporation Employee Stock Ownership Plan for Certain Employees of AmerenCIPS, to receive certain distributions prior to termination of employment.

Plan Termination

The Company intends to continue the Plan indefinitely. However, the Company may at any time and for any reason, subject to ERISA and Internal Revenue Service regulations, suspend or terminate the Plan provided that such action does not retroactively adversely affect the rights of any Participant under the Plan.

 

2. Summary of Significant Accounting Policies

Basis of Accounting

The accompanying financial statements of the Plan are prepared on the accrual basis of accounting, except that benefit payments to Participants are recorded upon distribution.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of changes in net assets available for benefits during the reporting period. Actual results could differ from those estimates.

Investment Valuation and Income Recognition

All investments are presented at fair value, except for fully benefit-responsive investment contracts, which are reported at contract value, as of December 31, 2017 and 2016. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. See Note 3 for discussion of fair value measurements.

The Plan has direct investments in fully benefit-responsive investment contracts. Investments held by a defined contribution plan are required to be reported at fair value, except for fully benefit-responsive investment contracts. Contract value is the relevant measurement attribute for the portion of the net assets available for benefits of a defined contribution plan attributable to fully benefit-responsive investment contracts because contract value is the amount Participants normally would receive if they were to initiate permitted transactions under the terms of the Plan. Contract value represents contributions made under each contract, plus earnings, less participant withdrawals and administrative expenses.

Purchases and sales of securities are recorded on a trade date basis. Interest income is recorded on the accrual basis. Dividend income is recorded on the ex-dividend date. Net appreciation (depreciation) in fair value of investments includes the Plan’s gains and losses on investments bought and sold as well as held during the year.

 

6

Ameren Corporation

Savings Investment Plan

Notes to Financial Statements

December 31, 2017 and 2016

 

Notes Receivable from Participants

Notes receivable from Participants are measured at their unpaid principal balance plus any accrued but unpaid interest, with no allowance for credit losses, as repayments of principal and interest are received through payroll deductions and the notes are collateralized by the Participants’ account balances. Delinquent participant loans are reclassified as distributions based upon the terms of the Plan document.

Administrative Expenses

Fees associated with administering the Plan are generally paid by the Plan. Trustee and recordkeeping fees are primarily paid via (1) flat dollar fees that are assessed to all Participants quarterly, and (2) fees accrued in investment funds that are separately-managed accounts (versus commingled funds). Also, revenue sharing payments that Fidelity receives from mutual funds are allocated to Participant accounts quarterly.

Risks and Uncertainties

Investment securities are exposed to various risks, such as interest rate, market and credit. Due to the level of risk associated with certain investment securities and the level of uncertainty related to changes in the value of investment securities, it is at least reasonably possible that changes in risks in the near term could materially affect the Participants’ account balances and the amounts reported in the Statement of Net Assets Available for Benefits.

Concentrations

Company common stock comprised 12% and 13% of investments at December 31, 2017 and December 31, 2016, respectively.

 

3. Fair Value Measurements

The authoritative guidance issued by the FASB regarding fair value measurement provides a framework for measuring fair value for all assets and liabilities that are measured and reported at fair value. The guidance defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Certain assumptions that market participants would use in pricing the asset or liability, including assumptions about risk or the risks inherent in the inputs to the valuation, were used in the valuation process. Inputs to valuation can be readily observable, market corroborated, or unobservable. Valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs were used. The provisions also establish a fair value hierarchy that prioritizes the inputs used to measure fair value. All financial assets and liabilities carried at fair value were classified in one of the following three hierarchy levels:

Level 1: Inputs based on quoted prices in active markets for identical assets or liabilities that the Plan has the ability to access at the reporting date.

 

7

Ameren Corporation

Savings Investment Plan

Notes to Financial Statements

December 31, 2017 and 2016

 

Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Inputs to the valuation methodology include:

 

  ◾ Quoted prices for similar assets or liabilities in active markets;

 

  ◾ Quoted prices for identical or similar assets or liabilities in inactive markets;

 

  ◾ Inputs other than quoted prices that are observable for the asset or liability;

 

  ◾ Inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3: Inputs to the valuation methodology that are unobservable and significant to the fair value measurement.

The Plan does not hold any investments requiring Level 3 measurements, and there have not been any transfers between measurement input levels in 2017 or 2016.

The asset or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.

Following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used during 2017.

 

  •   Margin deposit account: The fair value is estimated to approximate deposit account balances, payable on demand, as no discounts for credit quality or liquidity were determined to be applicable (Level 2 inputs).

 

  •   Common stocks: Valued at the closing price reported on the active markets on which the individual securities are traded (Level 1 inputs).

 

  •   U.S. government securities and corporate debt securities: Valued based upon recent bid prices or the average of recent bid and asked prices when available (Level 2 inputs) and, if not available, they are valued through matrix pricing models developed by sources considered by management to be reliable. Matrix pricing, which is a mathematical technique commonly used to price debt securities that are not actively traded, values debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs).

 

  •   Other debt securities includes non-U.S. government debt securities, municipal securities, mortgage and asset-backed securities, and derivatives: Non-U.S. government debt securities, municipal securities, and mortgage and asset-backed securities are valued based upon recent bid prices or the average of recent bid and asked prices when available (Level 2 inputs) and, if not available, they are valued through matrix pricing models developed by sources considered by management to be reliable. Matrix pricing, which is a mathematical technique commonly used to price debt securities that are not actively traded, values debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). The fair values of exchange-traded derivatives are based upon quoted market prices (Level 1 inputs). The fair values of derivatives that are not traded on an exchange are based upon valuation models using observable market data as of the measurement date (Level 2 inputs).

 

8

Ameren Corporation

Savings Investment Plan

Notes to Financial Statements

December 31, 2017 and 2016

 

  •   Mutual funds: Valued at the daily closing price as reported by the fund (Level 1 inputs). Mutual funds held by the Plan are open-end mutual funds that are registered with the Securities and Exchange Commission. These funds are required to publish their daily net asset value (NAV) and to transact at that price. The mutual funds held by the Plan are deemed to be actively traded.

 

  •   Collective trust funds: The fair values of participation units held in collective trusts are based on the NAV reported by the fund managers as of the financial statement dates and recent transaction prices. Under ordinary market conditions, redemptions of investments in collective trusts are permitted as of daily or monthly valuation dates, as applicable, and are executed at NAV as a practical expedient.

The following table sets forth, by level within the fair value hierarchy, Plan assets measured at fair value on a recurring basis as of December 31, 2017:

 

     Quoted Prices
In Active
Markets for
Identified Assets
(Level 1)		      Significant
Other
Observable
Inputs
(Level 2)		      Measured
at Net Asset
Value as a
Practical
Expedient (a)		      Total  

Assets

            

Margin deposit account

    $ —        $ 66,700      $ —        $ 66,700  

Common stocks-Plan sponsor stock

      283,192,998        —          —          283,192,998  

Common stocks-other than Plan sponsor stock

      254,470,852        —          —          254,470,852  

U.S. Government securities

      —          20,120,627        —          20,120,627  

Corporate debt securities

      —          29,168,729        —          29,168,729  

Other debt securities

      6,742        13,292,371        —          13,299,113  

Collective trust funds

      —          —          1,319,699,694        1,319,699,694  

Mutual funds

      183,498,080        —          —          183,498,080  

Liabilities

            

Other debt securities

      —          (639 )       —          (639 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Total assets reported at fair value

    $ 721,168,672      $ 62,647,788      $ 1,319,699,694      $ 2,103,516,154  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a) In accordance with ASU 2015-07, certain investments measured at net asset value (NAV) per share (or its equivalent) as a practical expedient have not been classified in the fair value hierarchy. The fair value amount measured at NAV presented in this table is intended to permit reconciliation of the fair value hierarchy to the investments at fair value presented in the statement of net assets available for benefits.

 

9

Ameren Corporation

Savings Investment Plan

Notes to Financial Statements

December 31, 2017 and 2016

 

The following table sets forth, by level within the fair value hierarchy, Plan assets measured at fair value on a recurring basis as of December 31, 2016:

 

     Quoted Prices
In Active
Markets for
Identified Assets
(Level 1)		      Significant
Other
Observable
Inputs
(Level 2)		      Measured
at Net Asset
Value (a)		      Total  

Assets

            

Margin deposit account

    $ —        $ 100,200      $ —        $ 100,200  

Common stocks-Plan sponsor stock

      268,844,805        —          —          268,844,805  

Common stocks-other than Plan sponsor stock

      223,472,836        —          —          223,472,836  

U.S. Government securities

      —          14,157,327        —          14,157,327  

Corporate debt securities

      —          25,756,145        —          25,756,145  

Other debt securities

      1,500        5,517,816        —          5,519,316  

Collective trust funds

      —          —          1,088,860,727        1,088,860,727  

Mutual funds

      167,941,974        —          —          167,941,974  

Liabilities

            

Other debt securities

      (9,930 )       (1,209 )       —          (11,139 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  

Total assets reported at fair value

    $ 660,251,185      $ 45,530,279      $ 1,088,860,727      $ 1,794,642,191  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a) In accordance with ASU 2015-07, certain investments measured at net asset value (NAV) per share (or its equivalent) as a practical expedient have not been classified in the fair value hierarchy. The fair value amount measured at NAV presented in this table is intended to permit reconciliation of the fair value hierarchy to the investments at fair value presented in the statement of net assets available for benefits.

 

4. Fully Benefit-Responsive Investment Contracts

The Plan holds investments in a separately-managed stable value account that is managed by Galliard Capital Management. The separately-managed account holds (1) an investment in a money market mutual fund, and (2) a portfolio of synthetic investment contracts, valued at $281,815,710 and $299,821,780 at December 31, 2017 and December 31, 2016, respectively. The investment contracts meet the fully benefit-responsive investment criteria and therefore are reported at contract value. Contract value is the relevant measure for fully benefit-responsive investment contracts because this is the amount received by Participants if they were to initiate permitted transactions under the terms of the Plan. Contract value represents contributions made under each contract, plus earnings, less participant withdrawals and administrative expenses.

The investment contracts are issued by the following insurance companies:

 

  •   American General Life Insurance Company (“AGL”)

 

  •   Prudential Insurance Company of America (“Prudential”)

 

  •   Voya Retirement Insurance and Annuity Company (“Voya”)

 

  •   Massachusetts Mutual Life Insurance Company (“Mass Mutual”)

 

  •   Metropolitan Life Insurance Company (“Met Life”)

The underlying investments of the AGL, Prudential, and Voya contracts are holdings in collective trust funds. The underlying investments of the Mass Mutual and Met Life contracts are holdings in portfolios of fixed income securities, which are segregated from the insurance company’s general account assets. The segregation of these assets from the insurance company’s general account offers certain protections to mitigate the risk that these assets might be subject to creditor claims other than those of the separate account GIC owners.

 

10

Ameren Corporation

Savings Investment Plan

Notes to Financial Statements

December 31, 2017 and 2016

 

The investment contracts include wrapper contracts, which are agreements for the wrap issuer to make payments to the Plan in certain circumstances. The wrapper contract typically includes certain conditions and limitations on the underlying assets owned by the Plan. The contracts are designed to accrue interest based on crediting rates established by the contract issuers, and also provide a guarantee that the credit rate will not fall below zero percent. Cash flow volatility (for example, timing of benefit payments) as well as asset underperformance can be passed through to the Plan through adjustments to future contract crediting rates. Formulas are provided in each contract that adjusts renewal crediting rates to recognize the difference between the fair value and the book value of the underlying assets. Crediting rates are reset at least quarterly.

The Plan’s ability to receive amounts due in accordance with fully benefit-responsive investment contracts is dependent on the third-party issuer’s ability to meet its financial obligations. The issuer’s ability to meet its contractual obligations may be affected by future economic and regulatory developments.

Certain events might limit the ability of the Plan to transact at contract value. Investment contracts generally provide for withdrawals associated with certain events which are not in the ordinary course of operations. These withdrawals are paid with a market value adjustment applied to the withdrawal as defined in the investment contract. Each contract issuer specifies the events which may trigger a market value adjustment; however, such events may include all or a portion of the following:

 

  •   material amendments to the account’s structure or administration;

 

  •   changes to the Plan’s competing investment options including the elimination of equity wash provisions;

 

  •   complete or partial termination of the investment, including a merger with another investment account;

 

  •   the failure of the Plan to qualify for exemption from federal income taxes or any required prohibited transaction exemption under ERISA;

 

  •   the redemption of all or a portion of the interests in the account held by a participating plan at the direction of the participating plan sponsor, including withdrawals due to the removal of a specifically identifiable group of employees from coverage under the participating plan (such as a group layoff or early retirement incentive program), the closing or sale of a subsidiary, employing unit, or affiliate, the bankruptcy or insolvency of a plan sponsor, the merger of the Plan with another plan, or the Plan sponsor’s establishment of another tax qualified defined contribution plan;

 

  •   any change in law, regulation, ruling, administrative or judicial position, or accounting requirement, applicable to the account or participating plans;

 

  •   the delivery of any communication to Participants designed to influence a participant not to invest in the investment option;

 

  •   the addition of an Asset Allocation or Managed Account service without prior approval, or a material change in an existing program;

 

  •   the distribution of a prohibited communication.

 

11

Ameren Corporation

Savings Investment Plan

Notes to Financial Statements

December 31, 2017 and 2016

 

No events are probable of occurring that might limit the ability of the Plan to transact at contract value with the contract issuers and that also would limit the ability of the Plan to transact at contract value with the Participants.

These contracts are evergreen contracts and contain termination provisions, allowing the contract issuer to terminate with notice, at any time at fair value, and providing for automatic termination of the contract if the contract value or the fair value of the underlying portfolio equals zero. The issuer is obligated to pay the excess contract value when the fair value is below contract value at the time of termination. In addition, if the Company defaults in its obligations under the contract (including the issuer’s determination that the agreement constitutes a non-exempt prohibited transaction as defined under ERISA), and such default is not corrected within the time permitted by the contract, then the contract may be terminated by the issuer and the Plan will receive the fair value as of the date of termination.

 

5. Transactions with Parties-in-Interest

Parties-in-interest are defined under Department of Labor regulations as any fiduciary of the Plan, any party rendering service to the Plan, the employer, and certain others.

At December 31, 2017, the Plan held 4,800,695 shares of Company common stock with a cost and fair value of $194,108,887 and $283,192,998, respectively. During 2017, the Plan purchased 734,900 shares at a cost of $41,768,247 and sold 1,058,963 shares valued at $59,847,989.

At December 31, 2016, the Plan held 5,124,758 shares of Company common stock with a cost and fair value of $193,417,367 and $268,844,805, respectively. During 2016, the Plan purchased 772,300 shares at a cost of $37,758,809 and sold 899,300 shares valued at $43,880,275.

Dividend income from Company common stock was $8,650,773 and $8,808,189 for the years ended December 31, 2017 and December 31, 2016, respectively.

At December 31, 2017 and December 31, 2016, the Plan held shares in the Fidelity Institutional Money Market Government Portfolio. This portfolio is managed by the Trustee, and therefore, qualifies as party-in-interest transactions. Notes receivable from Participants also reflect party-in-interest transactions.

Fees paid by the Plan to the Trustee for recordkeeping and trust services were $908,576 and $1,118,005 for the years ended December 31, 2017 and December 31, 2016, respectively.

Fees paid to and investments issued by various Plan investment managers also reflect party-in-interest transactions.

These transactions are allowable party-in-interest transactions under Section 408(b)(8) of ERISA.

 

12

Ameren Corporation

Savings Investment Plan

Notes to Financial Statements

December 31, 2017 and 2016

 

6. Reconciliation of Financial Statements to Form 5500

The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500 at December 31, 2017 and 2016:

 

     2017      2016  

Net assets available for benefits per the financial statements

    $ 2,417,726,381      $ 2,124,618,256  

Amounts allocated to deemed distributions of notes receivable from Participants

      (1,364,562 )       (1,343,400 ) 

Adjustment from contract value to fair value for fully benefit-responsive investment contracts

      (711,990 )       (646,579 ) 
  

 

 

     

 

 

  

Net assets available for benefits per the Form 5500

    $ 2,415,649,829      $ 2,122,628,277  
  

 

 

     

 

 

  

Deemed distributions of notes receivable from Participants, resulting from defaults of notes receivable from Participants, are no longer considered assets of the Plan with respect to Form 5500 filings.

The following is a reconciliation of net increase in net assets available for benefits per the financial statements to net income per the Form 5500 for the year ended December 31, 2017:

 

Net increase in net assets available for benefits per the financial statements

    $ 293,108,125  

Add: Adjustment from contract value to fair value for fully benefit-responsive investment contracts as of the current year-end

      (711,990 ) 

Less: Adjustment from contract value to fair value for fully benefit-responsive investment contracts as of the prior year-end

      646,579  

Add: Net decrease in defaulted notes receivable from Participants

      81,292  

Less: Interest income of defaulted notes receivable from Participants

      (102,454 ) 
  

 

 

  

Total net income per the Form 5500

    $ 293,021,552  
  

 

 

  

 

7. Federal Income Tax Status

The Company obtained a determination letter September 18, 2013, in which the Internal Revenue Service stated that the Plan was in compliance with the applicable requirements of the Code. Although the Plan has been amended since receiving this determination letter, the Plan’s administrator believes that the Plan is designed and is currently being operated in compliance with the applicable requirements of the Code. See Note 8 Subsequent Events, which states that the Company received its most recent determination letter on January 12, 2018.

Accounting principles generally accepted in the United States of America require Plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. The Plan administrator has analyzed the tax positions taken by the

 

13

Ameren Corporation

Savings Investment Plan

Notes to Financial Statements

December 31, 2017 and 2016

 

Plan, and has concluded that as of December 31, 2017 and 2016, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Plan administrator believes it is no longer subject to income tax examinations for years prior to 2014.

 

8. Subsequent Events

The Plan was amended effective January 1, 2018, to apply provisions of a 2017 union labor contract negotiation.

The Company received its most recent determination letter on January 12, 2018.

 

14

Page 1 of 10

Ameren Corporation Savings Investment Plan

SCHEDULE H, Line 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)

December 31, 2017

 

Name of plan sponsor: Ameren Corporation    

Employer identification number: 43-1723446    

Three-digit plan number: 003    

 

(a)

   

(b)

Identity of issue, borrower,

lessor, or similar party

   

(c)

Description of investment including maturity date,

rate of interest, collateral, par, or maturity value

    (d)
Cost		      (e)
Current
value		  
  

Interest-bearing Cash

            
  

State Street Global Advisors

    SSGA Short Term Investment Fund      11,365,135        11,365,135  
  

FUTURES CASH COLLATERAL

    48,000.00   

Shares

      48,000        48,000  
  

SWAP COLLATERAL USD

    18,700.00   

Shares

      18,700        18,700  
           

 

 

     

 

 

  
  

Total Interest-bearing Cash

            11,431,835        11,431,835  
           

 

 

     

 

 

  
  

Mutual Funds

            
  

American Funds Group

    EuroPacific Growth Fund      97,883,600        127,940,721  
  

Sands Capital Management

    Touchstone Sands Capital Institutional Growth Fund      39,617,721        42,609,879  
*   

Fidelity Management Trust Company

    Fidelity Institutional Money Market Government Portfolio      12,947,480        12,947,480  
        

 

 

     

 

 

  
  

Total Mutual Funds

            150,448,801        183,498,080  
           

 

 

     

 

 

  
  

Collective Investment Trusts

            
  

Robeco Trust Company

    Boston Partners Large Cap Value Equity Fund E      58,575,364        84,851,768  
  

Nuveen Fund Advisors

    NWQ Small/Mid Cap Value Fund J      52,420,512        84,480,800  
  

Wells Fargo Bank, N.A.

    Wells Fargo Fixed Income Fund F      72,647,827        76,228,492  
  

Wells Fargo Bank, N.A.

    Wells Fargo Fixed Income Fund L      97,096,951        100,415,571  
  

BlackRock Institutional Trust Company, N.A.

    BlackRock Equity Index Fund M      227,500,884        295,546,218  
  

BlackRock Institutional Trust Company, N.A.

    BlackRock Russell 2500 Fund M      137,712,198        176,176,488  
  

BlackRock Institutional Trust Company, N.A.

    BlackRock LifePath Index 2020 Fund L      83,161,724        93,670,373  
  

BlackRock Institutional Trust Company, N.A.

    BlackRock LifePath Index 2025 Fund L      91,823,791        105,219,271  
  

BlackRock Institutional Trust Company, N.A.

    BlackRock LifePath Index 2030 Fund L      61,792,834        72,572,730  
  

BlackRock Institutional Trust Company, N.A.

    BlackRock MSCI ACWI ex-US IMI Index Fund M      76,767,364        97,272,356  
  

BlackRock Institutional Trust Company, N.A.

    BlackRock LifePath Index Retirement Fund L      31,416,045        34,830,799  
  

BlackRock Institutional Trust Company, N.A.

    BlackRock US Debt Index Fund M      72,405,097        73,702,768  
  

BlackRock Institutional Trust Company, N.A.

    BlackRock LifePath Index 2035 Fund L      33,671,167        40,395,580  
  

BlackRock Institutional Trust Company, N.A.

    BlackRock LifePath Index 2040 Fund L      33,083,506        40,054,168  
  

BlackRock Institutional Trust Company, N.A.

    BlackRock LifePath Index 2045 Fund L      30,725,331        37,660,693  
  

BlackRock Institutional Trust Company, N.A.

    BlackRock LifePath Index 2050 Fund L      27,242,053        33,343,382  
  

BlackRock Institutional Trust Company, N.A.

    BlackRock TIPS Bond Index Fund M      17,406,120        17,812,022  
  

BlackRock Institutional Trust Company, N.A.

    BlackRock LifePath Index 2055 Fund L      15,102,515        18,284,787  
  

BlackRock Institutional Trust Company, N.A.

    BlackRock LifePath Index 2060 Fund L      2,263,098        2,460,356  
        

 

 

     

 

 

  
  

Total Collective Investment Trusts

            1,222,814,381        1,484,978,622  
           

 

 

     

 

 

  
  

Pooled Separate Account

            
  

Massachusetts Mutual Life Ins. Co.

    Separate Account #SB56      37,231,301        37,232,881  
        

 

 

     

 

 

  
  

Insurance Company Separate Accounts

            
  

Metropolitan Life Ins Co.

    Separate Account #690      23,955,127        25,173,309  
  

Metropolitan Life Ins Co.

    Separate Account #694      40,968,295        42,053,467  
        

 

 

     

 

 

  
  

Total Insurance Company Separate Accounts

            64,923,422        67,226,776  
        

 

 

     

 

 

  
  

Common Stocks

            
*   

Ameren Corporation

    4,800,695   

Shares

      194,108,887        283,192,998  
  

BROADCOM LTD

    2,989   

Shares

      707,003        767,874  
  

TENCENT HOLDINGS LTD

    46,932   

Shares

      827,256        2,438,853  
  

ALLERGAN PLC

    6,462   

Shares

      1,671,871        1,057,054  
  

ABBOTT LABORATORIES

    20,218   

Shares

      869,770        1,153,841  
  

ABBVIE INC

    10,933   

Shares

      984,928        1,057,330  
  

ACTIVISION BLIZZARD INC

    14,046   

Shares

      700,750        889,393  
  

ADOBE SYSTEMS INC

    11,726   

Shares

      706,710        2,054,864  
  

ALBEMARLE CORP

    7,862   

Shares

      717,141        1,005,471  
  

ALEXION PHARMACEUTICALS

    6,688   

Shares

      929,027        799,818  

 

1

Page 2 of 10

Ameren Corporation Savings Investment Plan

SCHEDULE H, Line 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)

December 31, 2017

 

Name of plan sponsor: Ameren Corporation    

Employer identification number: 43-1723446    

Three-digit plan number: 003    

 

(a)

   

(b)

Identity of issue, borrower,

lessor, or similar party

   

(c)

Description of investment including maturity date,

rate of interest, collateral, par, or maturity value

    (d)
Cost		      (e)
Current
value		  
  

ALIBABA GROUP HLD SPON AD

    15,478   

Shares

      1,287,142        2,668,872  
  

ALPHABET INC CL C

    2,356   

Shares

      1,064,436        2,465,318  
  

ALPHABET INC CL A

    1,991   

Shares

      806,651        2,097,319  
  

AMAZON.COM INC

    3,260   

Shares

      962,975        3,812,472  
  

APPLE INC

    19,663   

Shares

      1,888,395        3,327,569  
  

BIOMARIN PHARMACEUTICAL

    10,960   

Shares

      867,911        977,303  
  

BOEING CO

    7,616   

Shares

      810,624        2,246,035  
  

BRISTOL-MYERS SQUIBB CO

    27,041   

Shares

      1,470,954        1,657,072  
  

CELGENE CORP

    11,733   

Shares

      1,167,391        1,224,456  
  

CHARTER COMM INC A

    2,771   

Shares

      854,790        930,945  
  

CONCHO RESOURCES INC

    6,459   

Shares

      554,889        970,271  
  

CONSTELLATION BRANDS CL A

    3,836   

Shares

      662,472        876,795  
  

CORNING INC

    8,006   

Shares

      253,400        256,112  
  

COSTCO WHOLESALE CORP

    7,642   

Shares

      1,018,884        1,422,329  
  

CROWN CASTLE INTL CORP

    3,928   

Shares

      382,816        436,047  
  

EOG RESOURCES INC

    11,543   

Shares

      894,937        1,245,605  
  

FACEBOOK INC A

    20,170   

Shares

      782,975        3,559,198  
  

FLEETCOR TECHNOLOGIES INC

    5,755   

Shares

      763,314        1,107,435  
  

GOLDMAN SACHS GROUP INC

    5,984   

Shares

      996,724        1,524,484  
  

ADIDAS AG

    964   

Shares

      153,108        193,335  
  

HALLIBURTON CO

    28,090   

Shares

      1,279,905        1,372,758  
  

HOME DEPOT INC

    9,885   

Shares

      1,428,656        1,873,504  
  

ILLUMINA INC

    3,899   

Shares

      361,776        851,893  
  

JPMORGAN CHASE & CO

    7,100   

Shares

      565,231        759,274  
  

KERING UNSPONSORED ADR

    22,185   

Shares

      968,663        1,044,248  
  

ESTEE LAUDER COS INC CL A

    9,910   

Shares

      1,111,917        1,260,948  
  

MARRIOTT INTL INC A

    14,035   

Shares

      868,976        1,904,971  
  

MASTERCARD INC CL A

    18,382   

Shares

      937,985        2,782,300  
  

MICROSOFT CORP

    32,302   

Shares

      1,775,016        2,763,113  
  

MONDELEZ INTL INC

    19,578   

Shares

      656,222        837,938  
  

MONSTER BEVERAGE CORP

    20,084   

Shares

      1,017,584        1,271,116  
  

NETFLIX INC

    14,584   

Shares

      1,175,916        2,799,545  
  

NIKE INC CL B

    26,457   

Shares

      812,403        1,654,885  
  

NVIDIA CORP

    7,430   

Shares

      372,761        1,437,705  
  

PARKER HANNIFIN CORP

    8,892   

Shares

      1,394,389        1,774,665  
  

PAYPAL HLDGS INC

    11,284   

Shares

      795,522        830,728  
  

PRICELINE GROUP INC

    742   

Shares

      583,170        1,289,403  
  

QUALCOMM INC

    12,647   

Shares

      754,372        809,661  
  

RED HAT INC

    11,059   

Shares

      596,158        1,328,186  
  

S&P GLOBAL INC

    5,345   

Shares

      473,034        905,443  
  

SALESFORCE.COM INC

    20,810   

Shares

      1,115,063        2,127,406  
  

SPLUNK INC

    9,200   

Shares

      385,245        762,128  
  

TESLA INC

    2,140   

Shares

      480,810        666,289  
  

TIME WARNER INC

    7,627   

Shares

      662,393        697,642  
  

UNITEDHEALTH GROUP INC

    5,731   

Shares

      1,076,702        1,263,456  
  

VERTEX PHARMACEUTICALS

    7,014   

Shares

      772,343        1,051,118  
  

VISA INC CL A

    23,190   

Shares

      988,633        2,644,124  
  

WORKDAY INC CL A

    8,098   

Shares

      560,883        823,891  
  

WILLIS TOWERS WATSON PLC

    17,677   

Shares

      2,032,227        2,663,747  
  

BROADCOM LTD

    13,374   

Shares

      1,802,199        3,435,781  
  

JOHNSON CONTROLS INTERNAT

    60,852   

Shares

      2,858,213        2,319,070  
  

ARRIS INTERNATIONAL PLC

    25,153   

Shares

      600,091        646,181  
  

AERCAP HOLDINGS NV

    33,414   

Shares

      978,690        1,757,911  
  

SUNCOR ENERGY INC

    81,304   

Shares

      1,884,912        2,985,483  
  

TE CONNECTIVITY LTD

    35,222   

Shares

      1,929,565        3,347,499  

 

2

Page 3 of 10

Ameren Corporation Savings Investment Plan

SCHEDULE H, Line 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)

December 31, 2017

 

Name of plan sponsor: Ameren Corporation    

Employer identification number: 43-1723446    

Three-digit plan number: 003    

 

(a)

   

(b)

Identity of issue, borrower,

lessor, or similar party

   

(c)

Description of investment including maturity date,

rate of interest, collateral, par, or maturity value

    (d)
Cost		      (e)
Current
value		  
  

AFLAC INC

    35,609   

Shares

      2,066,708        3,125,758  
  

AECOM

    26,562   

Shares

      696,518        986,778  
  

AETNA INC

    19,470   

Shares

      2,000,548        3,512,193  
  

AFFILIATED MANAGERS GRP

    9,689   

Shares

      1,566,130        1,988,667  
  

AMERIPRISE FINANCIAL INC

    22,983   

Shares

      2,082,143        3,894,929  
  

ANTHEM INC

    15,503   

Shares

      1,998,116        3,488,330  
  

ASSURANT INC

    11,241   

Shares

      896,073        1,133,542  
  

AVIS BUDGET GROUP

    16,973   

Shares

      429,062        744,775  
  

CELANESE CORP SER A

    25,909   

Shares

      1,665,313        2,774,336  
  

COMMSCOPE HOLDING CO INC

    32,480   

Shares

      1,028,124        1,228,718  
  

CORNING INC

    103,184   

Shares

      1,932,013        3,300,856  
  

FLEX LTD

    97,627   

Shares

      1,635,813        1,756,310  
  

EOG RESOURCES INC

    25,929   

Shares

      1,835,162        2,797,998  
  

GOODYEAR TIRE & RUBBER CO

    45,123   

Shares

      1,276,328        1,457,924  
  

HCA HEALTHCARE INC

    36,188   

Shares

      2,801,843        3,178,754  
  

HERTZ GLOBAL HOLDINGS INC

    18,130   

Shares

      657,114        400,673  
  

LIBERTY INTERACTIVE CL A

    78,697   

Shares

      1,986,838        1,921,781  
  

LINCOLN NATIONAL CORP

    39,443   

Shares

      1,694,498        3,031,983  
  

MICROSEMI CORP

    17,824   

Shares

      680,172        920,610  
  

NCR CORP

    28,310   

Shares

      614,296        962,257  
  

NATIONAL OILWELL VARCO

    63,110   

Shares

      1,784,669        2,273,222  
  

OWENS ILLINOIS INC

    28,128   

Shares

      358,702        623,598  
  

TENNECO INC

    9,926   

Shares

      370,844        581,068  
  

WESTERN DIGITAL CORP

    34,866   

Shares

      1,701,541        2,772,893  
  

WESTERN UNION CO

    87,117   

Shares

      1,520,598        1,656,094  
  

WHIRLPOOL CORP

    12,128   

Shares

      2,272,093        2,045,266  
  

SHOPIFY INC CL A (US)

    2,393   

Shares

      156,784        241,693  
  

MIMECAST LTD

    27,876   

Shares

      758,143        799,205  
  

NORWEGIAN CRUISE LINE HLG

    17,197   

Shares

      892,076        915,740  
  

AERIE PHARMACEUTICALS INC

    9,634   

Shares

      554,428        575,632  
  

AMETEK INC NEW

    15,061   

Shares

      776,721        1,091,471  
  

BLUEBIRD BIO INC

    3,472   

Shares

      345,990        618,363  
  

BORGWARNER INC

    11,053   

Shares

      576,200        564,698  
  

BRINKS CO

    9,847   

Shares

      728,891        774,959  
  

CELANESE CORP SER A

    3,552   

Shares

      344,585        380,348  
  

CHEGG INC

    41,755   

Shares

      615,204        681,442  
  

CHEMOURS CO/ THE

    13,910   

Shares

      584,398        696,335  
  

COGNEX CORP

    8,614   

Shares

      295,805        526,832  
  

COHERENT INC

    1,467   

Shares

      182,322        414,017  
  

COMERICA INC

    12,680   

Shares

      872,166        1,100,751  
  

COSTAR GROUP INC

    1,867   

Shares

      475,135        554,406  
  

CREE INC

    7,582   

Shares

      264,704        281,595  
  

DR HORTON INC

    18,572   

Shares

      673,289        948,472  
  

DARDEN RESTAURANTS INC

    3,741   

Shares

      306,512        359,211  
  

DIAMONDBACK ENERGY INC

    8,464   

Shares

      872,629        1,068,580  
  

E TRADE FINANCIAL CORP

    19,428   

Shares

      846,197        963,046  
  

EAST WEST BANCORP INC

    10,472   

Shares

      575,566        637,012  
  

FLIR SYSTEMS INC

    11,685   

Shares

      534,888        544,755  
  

FMC CORP NEW

    14,744   

Shares

      1,100,655        1,395,667  
  

FIRST SOLAR INC

    5,230   

Shares

      311,743        353,130  
  

FIVE9 INC

    19,215   

Shares

      258,359        478,069  
  

FLOOR & DECOR HLDGS CL A

    5,319   

Shares

      226,537        258,929  
  

G-III APPAREL GROUP LTD

    23,243   

Shares

      681,416        857,434  
  

GRUBHUB INC

    10,190   

Shares

      529,372        731,642  
  

GUESS INC

    36,435   

Shares

      613,218        615,023  

 

3

Page 4 of 10

Ameren Corporation Savings Investment Plan

SCHEDULE H, Line 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)

December 31, 2017

 

Name of plan sponsor: Ameren Corporation    

Employer identification number: 43-1723446    

Three-digit plan number: 003    

 

(a)

   

(b)

Identity of issue, borrower,

lessor, or similar party

   

(c)

Description of investment including maturity date,

rate of interest, collateral, par, or maturity value

    (d)
Cost		      (e)
Current
value		  
  

IAC/INTERACTIVECORP

    3,953   

Shares

      389,735        483,373  
  

IPG PHOTONICS CORP

    3,078   

Shares

      414,100        659,092  
  

INSULET CORP

    5,270   

Shares

      305,941        363,630  
  

INTER PARFUMS INC

    10,338   

Shares

      343,646        449,186  
  

JOHN BEAN TECH CORP

    3,616   

Shares

      317,435        400,653  
  

KENNAMETAL INC

    6,679   

Shares

      287,150        323,330  
  

LULULEMON ATHLETICA INC

    4,503   

Shares

      333,531        353,891  
  

LUMBER LIQUIDATORS HLDNGS

    7,258   

Shares

      260,461        227,829  
  

MKS INSTRUMENTS INC

    7,435   

Shares

      475,602        702,608  
  

MELCO RESORTS & ENTERTAIN

    23,895   

Shares

      649,965        693,911  
  

MIDDLEBY CORP

    4,544   

Shares

      581,675        613,213  
  

MOHAWK INDUSTRIES INC

    2,193   

Shares

      472,914        605,049  
  

NEKTAR THERAPEUTICS

    5,989   

Shares

      190,672        357,663  
  

NEUROCRINE BIOSCIENCES

    4,754   

Shares

      337,272        368,863  
  

OLIN CORP

    6,835   

Shares

      247,078        243,189  
  

ON ASSIGNMENT INC

    5,897   

Shares

      289,301        379,000  
  

OWENS CORNING INC

    5,376   

Shares

      411,219        494,269  
  

POLARIS INDUSTRIES INC

    4,563   

Shares

      536,270        565,766  
  

RADIAN GROUP INC

    28,792   

Shares

      596,280        593,403  
  

RINGCENTRAL INC CL A

    13,693   

Shares

      311,269        662,741  
  

SVB FINL GROUP

    2,493   

Shares

      544,459        582,789  
  

SANTANDER CONSMR USA HLDG

    32,675   

Shares

      546,196        608,409  
  

SERVICENOW INC

    3,595   

Shares

      203,311        468,752  
  

SKECHERS USA INC CL A

    18,149   

Shares

      609,491        686,758  
  

SPLUNK INC

    4,390   

Shares

      356,118        363,668  
  

SQUARE INC CL A

    16,357   

Shares

      207,353        567,097  
  

STEEL DYNAMICS INC

    11,332   

Shares

      439,961        488,749  
  

TAKE-TWO INTERACTV SOFTWR

    2,264   

Shares

      120,486        248,542  
  

TELADOC INC

    23,366   

Shares

      784,874        814,305  
  

TERADYNE INC

    24,109   

Shares

      821,833        1,009,444  
  

TEREX CORP

    10,060   

Shares

      335,706        485,093  
  

TRACTOR SUPPLY CO.

    2,740   

Shares

      198,975        204,815  
  

TRANSUNION

    8,592   

Shares

      320,096        472,216  
  

TRIMBLE INC

    15,962   

Shares

      474,570        648,696  
  

2U INC

    12,255   

Shares

      516,356        790,570  
  

US CONCRETE INC C NEW

    6,242   

Shares

      366,780        522,143  
  

UNIVERSAL DISPLAY CORP

    12,234   

Shares

      816,330        2,112,200  
  

VAIL RESORTS INC

    3,148   

Shares

      454,673        668,856  
  

VOCERA COMMUNICATIONS INC

    25,372   

Shares

      444,646        766,742  
  

WABCO HOLDINGS INC

    6,406   

Shares

      798,955        919,261  
  

WELLCARE HEALTH PLANS INC

    5,138   

Shares

      510,260        1,033,303  
  

WYNN RESORTS LTD

    5,029   

Shares

      592,837        847,839  
  

YUM CHINA HOLDINGS INC

    13,565   

Shares

      488,255        542,871  
  

ZEBRA TECH CORP CL A

    5,597   

Shares

      594,200        580,969  
  

ZIONS BANCORP

    19,371   

Shares

      748,959        984,628  
  

HORIZON PHARMA PLC

    53,900   

Shares

      674,466        786,940  
  

OM ASSET MANAGEMENT PLC

    23,207   

Shares

      396,691        388,717  
  

AXALTA COATING SYS LTD

    18,200   

Shares

      517,493        588,952  
  

FIRSTSERVICE CORP (US)

    7,705   

Shares

      176,765        538,734  
  

ENCOMPASS HEALTH CORP

    16,086   

Shares

      572,276        794,809  
  

ABIOMED INC

    4,530   

Shares

      313,724        848,967  
  

ADTALEM GLOBAL EDUCATION

    20,767   

Shares

      492,539        873,252  
  

AFFILIATED MANAGERS GRP

    3,312   

Shares

      488,690        679,788  
  

ARISTA NETWORKS INC

    2,679   

Shares

      205,985        631,119  
  

BWX TECHNOLOGIES INC

    25,681   

Shares

      1,027,009        1,553,444  

 

4

Page 5 of 10

Ameren Corporation Savings Investment Plan

SCHEDULE H, Line 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)

December 31, 2017

 

Name of plan sponsor: Ameren Corporation    

Employer identification number: 43-1723446    

Three-digit plan number: 003    

 

(a)

   

(b)

Identity of issue, borrower,

lessor, or similar party

   

(c)

Description of investment including maturity date,

rate of interest, collateral, par, or maturity value

    (d)
Cost		      (e)
Current
value		  
  

BALL CORP

    27,310   

Shares

      1,021,834        1,033,684  
  

BANK OF THE OZARKS INC

    20,620   

Shares

      890,036        999,039  
  

BOOZ ALLEN HAMILTON CL A

    27,733   

Shares

      691,039        1,057,459  
  

CBOE GLOBAL MARKETS INC

    6,290   

Shares

      252,192        783,671  
  

CSRA INC

    16,900   

Shares

      471,621        505,648  
  

CABLE ONE INC W/I

    450   

Shares

      212,769        316,508  
  

CAMBREX CORP

    14,692   

Shares

      701,134        705,216  
  

CARRIZO OIL & GAS INC

    9,190   

Shares

      418,612        195,563  
  

CELANESE CORP SER A

    8,670   

Shares

      444,563        928,384  
  

CHARLES RIVER LABS INTL

    7,810   

Shares

      858,700        854,805  
  

COHERENT INC

    2,050   

Shares

      522,606        578,551  
  

COLLIERS INTL GRP INC

    160   

Shares

      5,853        9,657  
  

COLLIERS INTL GROUP (US)

    6,054   

Shares

      164,523        365,359  
  

COPART INC

    40,640   

Shares

      1,084,133        1,755,242  
  

COSTAR GROUP INC

    4,932   

Shares

      662,703        1,464,557  
  

DEXCOM INC

    11,270   

Shares

      694,842        646,785  
  

DIAMONDBACK ENERGY INC

    5,650   

Shares

      425,525        713,313  
  

DOMINOS PIZZA INC

    6,590   

Shares

      1,281,181        1,245,246  
  

DUN & BRADSTREET DEL NEW

    3,887   

Shares

      444,470        460,260  
  

EAST WEST BANCORP INC

    6,850   

Shares

      386,387        416,686  
  

ENCORE CAP GROUP INC

    14,439   

Shares

      506,430        607,882  
  

EURONET WORLDWIDE INC

    7,890   

Shares

      667,893        664,890  
  

EXACT SCIENCES CORP

    9,879   

Shares

      123,479        519,043  
  

FIRSTCASH INC

    11,011   

Shares

      548,580        742,692  
  

FIRSTSERVICE CORP

    120   

Shares

      5,710        8,394  
  

GLAUKOS CORP

    11,522   

Shares

      380,366        295,539  
  

GRAND CANYON EDUCATION

    10,450   

Shares

      705,244        935,589  
  

GUIDEWIRE SOFTWARE INC

    13,702   

Shares

      581,480        1,017,511  
  

HEICO CORP CL A

    10,257   

Shares

      451,146        810,816  
  

HEXCEL CORPORATION

    12,930   

Shares

      544,355        799,721  
  

HILTON GRAND VACATIONS

    19,317   

Shares

      756,878        810,348  
  

IDEXX LABS INC

    3,596   

Shares

      411,882        562,342  
  

ISHARES RUSSEL MIDCP GRWT

    2,940   

Shares

      335,022        354,682  
  

ISHARES RUSSELL 2000 GR E

    6,950   

Shares

      1,223,742        1,297,565  
  

JONES LANG LASALLE INC

    5,017   

Shares

      560,321        747,182  
  

J2 GLOBAL INC

    6,816   

Shares

      357,035        511,404  
  

LIGAND PHARMACEUTICALS

    7,466   

Shares

      577,452        1,022,319  
  

LIVE NATION ENTERTAINMENT

    18,800   

Shares

      704,485        800,316  
  

MARTIN MARIETTA MATERIALS

    5,180   

Shares

      969,101        1,144,987  
  

MAXLINEAR INC

    23,114   

Shares

      585,950        610,672  
  

MAXIMUS INC

    12,820   

Shares

      712,863        917,656  
  

MICHAELS COS INC

    34,854   

Shares

      746,532        843,118  
  

MIDDLEBY CORP

    7,924   

Shares

      790,458        1,069,344  
  

NATIONAL INSTRUMENT CORP

    14,235   

Shares

      519,581        592,603  
  

NICE LTD SPON ADR

    4,730   

Shares

      415,803        434,734  
  

NU SKIN ENTERPRISES CL A

    4,817   

Shares

      209,986        328,664  
  

REPLIGEN

    10,595   

Shares

      341,286        384,387  
  

ROGERS CORP

    6,380   

Shares

      948,309        1,033,050  
  

SITEONE LANDSCAPE SUPPLY

    8,350   

Shares

      281,561        640,445  
  

SIX FLAGS ENTERTAINMENT

    19,440   

Shares

      837,279        1,294,121  
  

TAKE-TWO INTERACTV SOFTWR

    8,000   

Shares

      333,171        878,240  
  

TELEDYNE TECHNOLOGIES INC

    4,480   

Shares

      819,605        811,552  
  

TORO CO

    6,351   

Shares

      220,142        414,276  
  

TRACTOR SUPPLY CO.

    8,930   

Shares

      617,863        667,518  
  

TRANSUNION

    16,120   

Shares

      612,237        885,955  

 

5

Page 6 of 10

Ameren Corporation Savings Investment Plan

SCHEDULE H, Line 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)

December 31, 2017

 

Name of plan sponsor: Ameren Corporation    

Employer identification number: 43-1723446    

Three-digit plan number: 003    

 

(a)

   

(b)

Identity of issue, borrower,

lessor, or similar party

   

(c)

Description of investment including maturity date,

rate of interest, collateral, par, or maturity value

    (d)
Cost		      (e)
Current
value		  
  

2U INC

    12,248   

Shares

      247,146        790,118  
  

UNIVERSAL ELECTRONICS INC

    10,050   

Shares

      668,877        474,863  
  

VAIL RESORTS INC

    2,530   

Shares

      411,876        537,549  
  

VANTIV INC

    14,019   

Shares

      483,111        1,031,097  
  

VEEVA SYS INC CL A

    12,470   

Shares

      438,097        689,342  
  

VIRTU FINANCIAL INC CL A

    21,604   

Shares

      438,795        395,352  
  

WEST PHARMACEUTICAL SVCS

    5,870   

Shares

      534,760        579,192  
  

WEX INC

    7,780   

Shares

      871,950        1,098,768  
  

YELP INC

    18,590   

Shares

      809,738        780,035  
        

 

 

     

 

 

  
  

Total Common Stocks

            370,286,082        537,663,850  
           

 

 

     

 

 

  
  

U.S. Government Securities

            
  

USTN 1.75% 09/30/22

    3,490,000   

Shares

      3,441,576        3,419,645  
  

FHLG 30YR 3% 03/45#G08631

    820,000   

Shares

      600,721        602,460  
  

FHLG 30YR 3.5% 11/47#G08788

    600,000   

Shares

      610,674        612,333  
  

FHLG 30YR 3% 06/46#Q41083

    1,000,000   

Shares

      928,333        922,656  
  

FNMA 30YR 3% 02/48 #TBA

    965,000   

Shares

      959,421        964,024  
  

FNMA 30YR 3.5% 02/48 #TBA

    3,235,000   

Shares

      3,305,766        3,317,429  
  

FNMA 30YR 4% 02/48 #TBA

    1,390,000   

Shares

      1,447,880        1,451,982  
  

FNMA 30YR 4.5% 02/48 #TBA

    1,015,000   

Shares

      1,076,217        1,078,644  
  

FNMA 30YR 4% 03/45#AS4630

    790,000   

Shares

      431,534        425,638  
  

FNMA 30YR 4.0% 07/45#AS5380

    870,000   

Shares

      565,589        554,277  
  

FNMA 3.5% 09/45#AS5722

    335,000   

Shares

      245,419        240,793  
  

FNMA 30YR 3.5% 05/46#AS7245

    335,000   

Shares

      290,406        282,108  
  

FNMA 30YR 3.5% 06/46#AS7348

    680,000   

Shares

      585,058        582,453  
  

FNMA 30YR 3.5% 07/46#AS7544

    1,140,000   

Shares

      1,047,922        1,054,917  
  

FNMA 30YR 3% 08/46#AS7737

    670,000   

Shares

      643,030        620,219  
  

FANNIEMAE 30YR 3% 10/46#AS8186

    675,000   

Shares

      648,776        627,525  
  

FNMA 30YR 3.0% 5/43#AT2722

    525,000   

Shares

      341,936        329,708  
  

FNMA 30YR 4.0% 12/01/44#AX4873

    652,928   

Shares

      378,930        374,255  
  

FNMA 5.00% 5/38 #983077

    3,730,000   

Shares

      213,863        209,833  
  

FNMA 30YR 3.5% 01/01/45#MA2163

    800,000   

Shares

      512,083        510,040  
  

FNMA 30YR 4% 12/01/45#MA2484

    755,000   

Shares

      570,062        559,307  
  

FNMA 30YR 3% 11/46#MA2806

    235,000   

Shares

      225,019        218,747  
  

FNMA 30YR 4% 11/46#MA2808

    660,000   

Shares

      563,105        564,718  
  

FNMA 30YR 4% 07/47#MA3058

    600,000   

Shares

      597,350        596,917  
        

 

 

     

 

 

  
  

Total U.S. Government Securities

            20,230,669        20,120,627  
           

 

 

     

 

 

  
  

Corporate debt securities

            
  

TELENET FINANCE 5.5% 1/28 144A

    200,000   

Shares

      200,000        199,500  
  

UBS 7.125 PERP-20 AT1 7%

    200,000   

Shares

      210,500        212,360  
  

AFLAC INC 6.45% 8/15/40

    61,000   

Shares

      76,431        83,536  
  

AT&T INC 3.8% 03/15/22

    490,000   

Shares

      502,404        506,347  
  

AGRIUM INC 3.375% 03/15/25

    200,000   

Shares

      194,888        200,880  
  

AIRBUS SE 3.15% 04/10/27 144A

    350,000   

Shares

      352,796        351,004  
  

ALLSTATE CORP 5.75 8/53

    175,000   

Shares

      189,870        190,925  
  

ALTRIA GROUP INC 2.85% 8/09/22

    150,000   

Shares

      148,557        150,964  
  

AMERICAN AXLE 6.625% 10/15/22

    100,000   

Shares

      103,690        103,750  
  

AMERICAN EXPRESS 5.2% VAR PERP

    185,000   

Shares

      187,334        190,088  
  

AMERICAN TOWER CORP 5% 2/24

    195,000   

Shares

      211,123        213,555  
  

ANHEUSER-BUSCH 3.65% 2/1/26

    300,000   

Shares

      309,990        309,516  
  

APPLE INC 3.85% 5/4/43

    150,000   

Shares

      136,974        155,703  
  

ASHTEAD CAP 4.125% 8/25 144A

    30,000   

Shares

      30,000        30,300  
  

AUTONATION INC 4.5% 10/01/25

    175,000   

Shares

      185,115        183,104  
  

BAE SYSTEMS 3.85% 12/25 144A

    135,000   

Shares

      133,407        139,968  

 

6

Page 7 of 10

Ameren Corporation Savings Investment Plan

SCHEDULE H, Line 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)

December 31, 2017

 

Name of plan sponsor: Ameren Corporation    

Employer identification number: 43-1723446    

Three-digit plan number: 003    

 

(a)

   

(b)

Identity of issue, borrower,

lessor, or similar party

   

(c)

Description of investment including maturity date,

rate of interest, collateral, par, or maturity value

    (d)
Cost		      (e)
Current
value		  
  

BNP PARIBAS VR 7.375% PRP 144A

    200,000   

Shares

      225,500        231,000  
  

BNP PARIBAS 4.375 5/12/26 144A

    300,000   

Shares

      304,305        313,618  
  

BP CAPITAL MKTS 2.52% 9/19/22

    160,000   

Shares

      160,000        159,183  
  

BAKER HUG 2.773% 12/15/22 144A

    185,000   

Shares

      185,000        184,732  
  

BANCO SANTANDER SA 3.8% 02/28

    200,000   

Shares

      199,078        199,967  
  

BANK OF AMR CORP 6.3% VAR PERP

    140,000   

Shares

      145,832        158,200  
  

BANK AMER FDG CORP 4% 04/01/24

    238,000   

Shares

      247,773        251,545  
  

BANK AMER CORP 4.25% 10/22/26

    105,000   

Shares

      105,044        110,623  
  

BOA 3.419%/VAR 12/20/28 144A

    567,000   

Shares

      565,978        566,947  
  

BANK NEW YORK 4.950/ VAR PERP

    120,000   

Shares

      125,013        124,206  
  

BARCLAYSPLC 3.65% 03/16/25

    310,000   

Shares

      304,264        309,447  
  

BED BATH & BEYOND 5.165% 08/44

    175,000   

Shares

      160,477        153,824  
  

BUNGE LTD FIN 3.25% 8/15/26

    225,000   

Shares

      222,952        214,967  
  

COMMUNITY HLTH 5.125 8/21

    175,000   

Shares

      175,156        157,500  
  

CNA FINANCIAL CORP 3.45% 08/27

    185,000   

Shares

      184,932        182,255  
  

CAPITAL ONE FIN PERP

    180,000   

Shares

      184,894        186,300  
  

CAPITAL ONE BK 3.375% 2/15/23

    245,000   

Shares

      244,329        247,383  
  

CHEMOURS CO 5.375% 05/15/2027

    85,000   

Shares

      85,725        87,975  
  

CHENIERE CORPUS 5.125% 06/27

    60,000   

Shares

      60,263        62,064  
  

CITIGROUP INC 4.5% 1/14/22

    320,000   

Shares

      345,442        340,365  
  

CITIGROUP INC 3.75% 06/16/24

    145,000   

Shares

      149,828        150,368  
  

CITIGROUP 4.3% 11/26

    210,000   

Shares

      212,691        219,542  
  

CITIGROUP INC 6.25%/VAR PERP

    110,000   

Shares

      114,659        121,330  
  

CITIGROUP 3.2% 10/21/26

    155,000   

Shares

      149,030        153,746  
  

COMCAST CORP 6.4% 5/15/38

    140,000   

Shares

      179,357        188,920  
  

CONOCOPHILLIPS 6.5% 2/01/39

    70,000   

Shares

      88,362        97,889  
  

CONSTELATION ENERGY5.15% 12/20

    125,000   

Shares

      138,075        133,095  
  

RABOBK NEDERLND 3.95% 11/09/22

    320,000   

Shares

      335,853        333,587  
  

CROWN CASTLE 3.7% 6/15/26

    90,000   

Shares

      89,726        89,915  
  

CUMMINS INC 4.875% 10/01/43

    120,000   

Shares

      132,666        143,736  
  

DEERE JOHN CAPIT 2.65% 6/24/24

    315,000   

Shares

      315,287        311,933  
  

DEUTSCHE AG NY 4.875/VAR 12/32

    280,000   

Shares

      279,933        277,312  
  

DISCOVER FIN SV 5.2% 4/22

    140,000   

Shares

      154,098        150,673  
  

DOMTAR CORP 6.75% 02/15/44

    130,000   

Shares

      141,254        150,213  
  

EBAY INC 3.8% 03/09/2022

    205,000   

Shares

      207,502        212,784  
  

ENSCO PLC 5.2% 3/15/25

    125,000   

Shares

      96,250        106,250  
  

EXELA INTER/FIN 10% 07/23 144A

    75,000   

Shares

      75,000        72,938  
  

FEDEX CORP 3.25% 04/01/2026

    190,000   

Shares

      191,276        191,400  
  

FIRSTENERGY 4.35% 01/25 144A

    130,000   

Shares

      135,715        137,117  
  

FORD MTR CR CO 3.81% 01/09/24

    210,000   

Shares

      210,746        214,338  
  

FRONTIER COMM 8.5% 4/15/20

    32,000   

Shares

      34,352        26,560  
  

GE CAP INTL 4.418% 11/15/35

    265,000   

Shares

      281,883        286,598  
  

GENERAL ELECTRIC 5.0%/VAR PERP

    599,000   

Shares

      559,068        618,468  
  

GENERAL MTRS FIN 5.75/VAR PERP

    30,000   

Shares

      31,163        31,110  
  

GENWORTH HLDGS 4.8% 02/15/24

    105,000   

Shares

      90,979        89,250  
  

GLENCORE 3.875% 10/27 144A

    185,000   

Shares

      183,426        182,551  
  

GSINC 5.25% 7/27/21

    105,000   

Shares

      115,308        113,787  
  

GOLDMAN SACHS GP 5.75% 1/24/22

    710,000   

Shares

      809,955        787,182  
  

GOLDMAN SCHS GRP INC 4% 3/3/24

    205,000   

Shares

      216,251        215,030  
  

GOLDMAN SACHS GROUP STEP PERP

    120,000   

Shares

      122,247        127,500  
  

HCA INC 5.5% 06/15/47

    55,000   

Shares

      55,000        54,863  
  

HSBC HOLDINGS 4.375% 11/23/26

    200,000   

Shares

      208,794        208,747  
  

HARMAN INTL IND 4.15% 05/15/25

    115,000   

Shares

      115,539        118,877  
  

HEINEKEN NV 3.5% 01/29/28 144A

    210,000   

Shares

      212,348        214,178  
  

HERTZ CORP 7.625% 6/1/22 144A

    70,000   

Shares

      70,688        73,325  

 

7

Page 8 of 10

Ameren Corporation Savings Investment Plan

SCHEDULE H, Line 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)

December 31, 2017

 

Name of plan sponsor: Ameren Corporation    

Employer identification number: 43-1723446    

Three-digit plan number: 003    

 

(a)

   

(b)

Identity of issue, borrower,

lessor, or similar party

   

(c)

Description of investment including maturity date,

rate of interest, collateral, par, or maturity value

    (d)
Cost		      (e)
Current
value		  
  

HEXION US FIN 6.625% 4/20

    130,000   

Shares

      118,431        116,675  
  

ING GROEP NV 3.95% 03/29/27

    200,000   

Shares

      199,738        208,446  
  

INTEL CORP 3.15% 05/11/27

    245,000   

Shares

      246,043        249,783  
  

INTL PAPER CO GLB 8.7 6/15/38

    110,000   

Shares

      153,496        166,270  
  

JPMC CO 4.5% 1/24/22

    400,000   

Shares

      434,100        427,972  
  

JPM CHASE 6.75% PERP

    315,000   

Shares

      346,826        356,738  
  

JPMORGAN CHASE 2.95% 10/01/26

    155,000   

Shares

      148,269        152,205  
  

JPMC CO 4.26/VAR 02/22/48

    210,000   

Shares

      221,645        227,295  
  

JEFFERIES GROUP 4.85% 1/15/27

    175,000   

Shares

      178,538        185,999  
  

KEYCORP 5/VAR PERP

    195,000   

Shares

      197,759        200,850  
  

KRAFT HEINZ CO 4.375% 6/1/46

    255,000   

Shares

      250,585        252,364  
  

LYB INTL FIN BV 4.0% 07/15/23

    235,000   

Shares

      248,169        245,957  
  

LAND O LAKES INC 8% PERP 144A

    125,000   

Shares

      125,000        140,000  
  

LAZARD GROUP LLC 3.625% 3/1/27

    280,000   

Shares

      280,007        279,342  
  

LEVEL 3 FIN INC 5.25% 03/15/26

    90,000   

Shares

      90,000        88,340  
  

LIBERTY MUTUAL 4.95% 5/22 144A

    405,000   

Shares

      441,503        436,959  
  

LIFEPOINT HEALTH 5.375% 5/1/24

    60,000   

Shares

      60,038        58,800  
  

LINCOLN NATIONAL 3.35% 3/9/25

    200,000   

Shares

      199,605        201,703  
  

LOWES COS INC 3.1% 05/03/2027

    210,000   

Shares

      210,263        210,681  
  

METLIFE INC 5.25/VAR PERP

    195,000   

Shares

      202,473        201,948  
  

MICROSOFT 3.3% 02/06/27

    300,000   

Shares

      305,420        309,363  
  

MDAMERICAN ENR 6.125% 4/01/36

    156,000   

Shares

      188,308        209,171  
  

MILLICOM 5.125% 1/15/28 144A

    80,000   

Shares

      80,563        80,000  
  

MORGAN STANLEY 4% 07/23/25

    205,000   

Shares

      216,309        214,594  
  

MORGAN STANLEY 5.5% 7/28/21

    195,000   

Shares

      222,984        213,277  
  

MORGAN STANLEY 3.95% 04/23/27

    615,000   

Shares

      604,635        624,342  
  

NABORS IND 5.5% 01/15/23

    170,000   

Shares

      169,740        164,900  
  

NBCUNIVERSAL MEDIA 2.875% 1/23

    175,000   

Shares

      180,623        176,750  
  

NBCUNIVERSAL ME 4.45% 1/15/43

    105,000   

Shares

      104,285        114,479  
  

NORDEA BANK AB 6.125 PERP 144A

    200,000   

Shares

      205,960        215,300  
  

NORTHERN TR CRP 3.95% 10/30/25

    200,000   

Shares

      214,477        211,825  
  

NOVA CHEMICALS 5.25% 8/23 144A

    105,000   

Shares

      108,413        108,019  
  

O REILLY AUTOMO 4.875% 1/14/21

    205,000   

Shares

      221,152        217,675  
  

OCCIDENTAL PETE 3.4% 4/15/26

    180,000   

Shares

      183,855        184,294  
  

1011778 BC 5% 10/15/25 144A

    45,000   

Shares

      45,000        45,338  
  

OWENS CORNING 4.2% 12/15/22

    200,000   

Shares

      205,808        209,683  
  

PNC FIN SERVICES 3.15% 5/19/27

    215,000   

Shares

      216,160        215,672  
  

PETRO-CANADA 6.8% 5/15/38

    105,000   

Shares

      136,072        144,614  
  

PEMEX 5.375% 03/13/22 144A

    130,000   

Shares

      129,280        137,800  
  

PIEDMONT OPERTG 4.45% 03/15/24

    120,000   

Shares

      123,422        124,875  
  

PRINCIPAL FN GR 4.75%/VAR 5/55

    245,000   

Shares

      247,247        250,880  
  

PRUDENTIAL FN 5.2%/VAR 3/15/44

    210,000   

Shares

      213,631        223,650  
  

QUALCOMM INC 2.1% 05/20/20

    140,000   

Shares

      140,179        139,402  
  

QUEST DIAGNOSTI 4.25% 04/01/24

    200,000   

Shares

      210,871        211,427  
  

QWEST CORP 6.75% 12/01/21

    285,000   

Shares

      317,854        306,911  
  

ROCKWELL COLLINS 3.5% 03/15/27

    305,000   

Shares

      306,874        310,457  
  

ROYAL BK SC 6.1% 6/10/23

    105,000   

Shares

      113,881        115,606  
  

SES 3.6% 04/04/23 144A

    95,000   

Shares

      97,425        95,200  
  

SABINE PASS LQ 5.875% 06/30/26

    80,000   

Shares

      89,600        89,856  
  

SCHWAB CHARLES 2.65% 01/25/23

    375,000   

Shares

      374,400        374,717  
  

SIEMENS FINA 3.4% 3/16/27 144A

    250,000   

Shares

      248,283        254,673  
  

SMITHFIELD FD 4.25% 2/27 144A

    190,000   

Shares

      193,231        194,977  
  

STATE STREET 5.25% VAR PERP

    120,000   

Shares

      126,500        125,856  
  

SUNOCO LOGISTICS 4% 10/01/27

    150,000   

Shares

      148,824        147,039  
  

SUNTRUST BANK 2.45% 8/01/22

    310,000   

Shares

      310,254        305,635  

 

8

Page 9 of 10

Ameren Corporation Savings Investment Plan

SCHEDULE H, Line 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)

December 31, 2017

 

Name of plan sponsor: Ameren Corporation    

Employer identification number: 43-1723446    

Three-digit plan number: 003    

 

(a)

   

(b)

Identity of issue, borrower,

lessor, or similar party

   

(c)

Description of investment including maturity date,

rate of interest, collateral, par, or maturity value

    (d)
Cost		      (e)
Current
value		  
  

SUNTRUST BANKS 5.05%/VAR PERP

    185,000   

Shares

      185,774        187,313  
  

SYMETRA 4.25% 07/15/24

    105,000   

Shares

      106,882        106,586  
  

SYSCO CORP 3.3% 07/15/2026

    195,000   

Shares

      195,267        196,171  
  

TARGA RES LP/FI 4.25% 11/15/23

    60,000   

Shares

      57,825        59,325  
  

TELEFONICA EMISION 4.103% 3/27

    300,000   

Shares

      306,716        309,903  
  

TEVA PHARM NE 3.15% 10/01/26

    140,000   

Shares

      139,628        115,559  
  

TEXAS INSTRUMENTS 2.9% 11/27

    190,000   

Shares

      187,802        189,313  
  

TIME WARNER INC 3.875% 1/15/26

    170,000   

Shares

      170,849        171,579  
  

TYSON FOODS INC 3.95% 08/15/24

    160,000   

Shares

      163,694        168,233  
  

UNITED HEALTH 4.75% 7/15/45

    150,000   

Shares

      157,040        177,020  
  

UNUM GROUP 4% 03/15/24

    175,000   

Shares

      182,593        182,197  
  

VALEANT PHARM 5.5% 11/25 144A

    110,000   

Shares

      111,238        111,925  
  

VERIZON COMM 4.125% 8/15/46

    165,000   

Shares

      157,465        152,290  
  

VOYA FIN INC 3.65% 6/15/26

    120,000   

Shares

      119,650        121,324  
  

WELLS FARGO MTN 4.6% 4/01/21

    345,000   

Shares

      373,173        366,599  
  

WESTERN DIGI 7.375% 4/23 144A

    125,000   

Shares

      130,709        134,844  
  

WESTPAC BKG NZ 5%/VAR PERP

    195,000   

Shares

      194,999        194,418  
  

WILLIS NORTH AMER 3.6% 5/15/24

    110,000   

Shares

      109,904        111,802  
  

WOODSIDE FIN 3.65% 3/5/25 144A

    140,000   

Shares

      135,663        140,817  
  

XLIT LTD 4.45% 03/31/2025

    220,000   

Shares

      218,954        224,965  
  

SPRINT SPECTRM 3.36% 3/23 144A

    200,000   

Shares

      199,996        201,249  
        

 

 

     

 

 

  
  

Total Corporate debt securities

            28,869,174        29,168,729  
           

 

 

     

 

 

  
  

Other Debt Securities

            
  

REP HONDURAS 8.75% 12/20 144A

    200,000   

Shares

      225,000        224,090  
  

GERMANY GOVT 0.25% 2/15/27 RGS

    430,000   

Shares

      476,991        510,751  
  

EGYPT REP 6.125% 1/31/22 144A

    200,000   

Shares

      208,250        209,210  
  

SRI LANKA GVT 6.125% 6/25 144A

    200,000   

Shares

      210,250        211,410  
  

MUNICIPAL ELE GA 7.055% 4/1/57

    100,000   

Shares

      108,838        123,238  
  

ALLYA 2017-3 A4 2.01% 03/22

    325,000   

Shares

      324,984        322,770  
  

AMERICAN AIR 5.6% 01/15/22

    91,968   

Shares

      96,357        95,040  
  

AMERICAN AIR_L 3.575% 07/15/29

    161,771   

Shares

      164,400        164,699  
  

AMXCA 2017-1 A 1.93% 09/22

    340,000   

Shares

      340,375        338,434  
  

BACCT 2017-A1 A1 1.95% 08/22

    320,000   

Shares

      319,908        318,569  
  

BACM 2015-UBS7 D 3.167% 9/48

    160,000   

Shares

      117,675        131,125  
  

BANK 2017-BNK4 A4 3.625% 05/50

    280,000   

Shares

      289,432        291,214  
  

BAYV 2006-D 1A3 5.932% 12/36

    82,572   

Shares

      81,953        83,653  
  

CD 2017-CD5 A4 3.431% 08/50

    200,000   

Shares

      208,328        205,118  
  

CWALT 2003-J3 1A3 5.25% 11/33

    104,161   

Shares

      105,398        105,248  
  

COMET 2016-A4 A4 1.33% 6/15/22

    540,000   

Shares

      531,816        533,295  
  

CCCIT 2014-A1 A1 2.88% 01/23

    375,000   

Shares

      383,921        381,734  
  

CCCIT 2014-A6 A6 2.15% 07/21

    305,000   

Shares

      307,633        305,316  
  

CCCIT 2017-A8 A8 1.88% 8/8/22

    275,000   

Shares

      274,968        272,425  
  

COLD 2017-ICE3 A 1ML+1 4/36

    310,000   

Shares

      310,969        310,768  
  

CAH 14-1A B 1ML+135 05/31

    350,000   

Shares

      338,297        350,812  
  

CSH 16-1A D 1193476+3.1% 07/33

    145,000   

Shares

      145,000        148,582  
  

COMM 2016-STAV B 0% 10/34 144A

    210,000   

Shares

      210,000        210,520  
  

DNKN 15-1A A2II 3.98% 02/45 14

    301,475   

Shares

      309,701        307,719  
  

DCENT 2012-A6 A6 1.67% 01/22

    475,000   

Shares

      474,499        472,312  
  

DCENT 2015-A2 A 1.9% 10/22

    115,000   

Shares

      114,645        114,320  
  

DCENT 2017-A2 A2 2.39% 07/24

    185,000   

Shares

      184,913        184,971  
  

DPABS 17-1A A2II 3.082% 07/47

    224,438   

Shares

      224,438        221,973  
  

FITAT 2017-1 A3 2.03% 02/22

    310,000   

Shares

      309,992        307,756  
  

FSMT 2017-2 A5 3.50% 10/47

    238,066   

Shares

      241,637        240,586  
  

FORDR 14-1 A 2.26% 11/25

    300,000   

Shares

      302,391        300,610  

 

9

Page 10 of 10

Ameren Corporation Savings Investment Plan

SCHEDULE H, Line 4i – SCHEDULE OF ASSETS (HELD AT END OF YEAR)

December 31, 2017

 

Name of plan sponsor: Ameren Corporation    

Employer identification number: 43-1723446    

Three-digit plan number: 003    

 

(a)

  

(b)

Identity of issue, borrower,

lessor, or similar party

   

(c)

Description of investment including maturity date,

rate of interest, collateral, par, or maturity value

    (d)
Cost		      (e)
Current
value		  
 

GPPT 2014-GPP A 1ML+120 02/27

    112,497   

Shares

      112,568        112,510  
 

GSMS 2015-GC32 D 3.345% 07/48

    145,000   

Shares

      105,601        119,974  
 

IHSFR 15-SFR1 A 1ML+140 03/32

    203,618   

Shares

      204,763        204,061  
 

IHSFR 17-SFR2 A 1ML+85 12/36

    144,394   

Shares

      144,394        144,858  
 

JPMBB 13-C12 A5 3.6637% 07/45

    485,000   

Shares

      511,978        506,323  
 

JPMCC 17-JP5 A5 3.7232% 03/50

    260,000   

Shares

      266,703        272,339  
 

JPMCC 17-MAUI A 1ML+83 07/34

    255,000   

Shares

      255,000        255,161  
 

MSBAM 15-C22 D 4.24368% 05/46

    140,000   

Shares

      111,464        120,745  
 

MSBAM 14-C16 D CSTR 06/47

    165,000   

Shares

      135,294        145,419  
 

NRART 16-T1 DT1 4.3768% 06/49

    110,000   

Shares

      110,000        110,129  
 

NRART 17-T1 DT1 4.0024% 02/51

    185,000   

Shares

      184,999        185,413  
 

NRZT 2017-6A A1 4% 08/57

    255,693   

Shares

      264,319        262,436  
 

NAROT 2016-A A3 1.34% 10/15/20

    300,000   

Shares

      299,379        298,626  
 

OMART 2016-T2 DT2 4.45% 08/49

    225,000   

Shares

      225,000        224,978  
 

SEMT 17-CH2 A10 4% 12/47

    305,476   

Shares

      312,376        311,019  
 

SCOT 2017-2 A4 3.5% 10/47 144A

    332,162   

Shares

      340,882        340,633  
 

SWH 17-1 A 1ML+95 01/35

    244,108   

Shares

      244,108        245,088  
 

BELL 16-1A A2II 4.377% 05/46 1

    123,438   

Shares

      129,783        127,341  
 

TAH 17-SFR1 A 2.716% 09/34

    180,000   

Shares

      179,995        177,772  
 

WFRBS 2012-C10 A3 2.875% 12/45

    250,000   

Shares

      252,822        250,945  
 

WFCM 2015-C29 A4 3.637% 06/48

    300,000   

Shares

      306,633        311,771  
 

WFCM 2015-C30 D VAR 09/58 144A

    115,000   

Shares

      92,746        103,364  
 

WFCM 2016-C32 A4 3.56% 01/59

    295,000   

Shares

      307,376        304,761  
 

WOART 16-B A3 1.3% 2/22

    160,000   

Shares

      158,400        158,437  
 

US 10YR NOTE (CBT)MAR18 TYH8

    3   

Shares

      —          1,875  
 

US LONG BOND(CBT) MAR18 USH8

    1   

Shares

      —          281  
 

US ULTRA BOND CBT MAR18 WNH8

    9   

Shares

      —          4,398  
 

US 5YR NOTE(CBT)FUT MAR18 FVH8

    2   

Shares

      —          188  
 

CITI CDX 29 BP FIX 12/22 ICE

    —     

Shares

      —          (639 ) 
       

 

 

     

 

 

  
 

Total Other Debt Securities

            13,199,542        13,298,474  
          

 

 

     

 

 

  
 

Notes Receivable

            
* / **  

Participants

    Participant Loans         33,826,437        33,826,437  
       

 

 

     

 

 

  
           $ 1,953,261,644      $ 2,418,446,311  
          

 

 

     

 

 

  

 

* Investment represents allowable transaction with a party-in-interest.
** Interest rates vary from 4.00% to 10.50% on loans maturing through 2028.

 

10

SIGNATURE

The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustee (or other persons who administer the employee benefit plan) has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

 

AMEREN CORPORATION

SAVINGS INVESTMENT PLAN

AMEREN SERVICES COMPANY

(Administrator)

By   /s/ Martin J. Lyons, Jr.
 

Martin J. Lyons, Jr.

Chairman and President

Ameren Services Company

June 15, 2018

EXHIBIT INDEX

 

Exhibit No.

   

Description

23.1    Consent of Independent Registered Public Accounting Firm