UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

 

 

FORM 11-K/A

Amendment No. 1

 

 

 

☒	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

 

 

 

EXPLANATORY NOTE

This Amendment No. 1 on Form 11-K/A (the “Amendment”) is being filed by the Ameren Corporation Savings Investment Plan (the “Plan”) to amend its Annual Report on Form 11-K for the fiscal year ended December 31, 2017, as filed with the U.S. Securities and Exchange Commission on June 15, 2018 (the “Original Filing”). The sole purpose of this Amendment is to include Schedule G Part III - Nonexempt Transactions and update the Report of Independent Registered Public Accounting Firm dated June 15, 2018. The Report of Independent Registered Public Accounting Firm included in the Amendment is dated June 15, 2018, except for Schedule G, as to which the date is October 27, 2023. Other than the revisions to Schedule G Part III and the Report of Independent Registered Public Accounting Firm, no other items included in the Original Filing, including financial statements and footnotes, have been amended. Further, the Amendment does not purport to provide an update or a discussion of any other developments with respect to the Plan subsequent to the filing date of the Original Filing.

 

 

Ameren Corporation

Savings Investment Plan

Financial Statements and Supplemental Schedule

December 31, 2017 and 2016

Index

 

Report of Independent Registered Public Accounting Firm December 31, 2017 and 2016			1-2
Financial Statements
Statements of Net Assets Available for Benefits December 31, 2017 and 2016			3
Statements of Changes in Net Assets Available for Benefits Years Ended December 31, 2017 and 2016			4
Notes to Financial Statements December 31, 2017 and 2016			5-15
Supplemental Schedules*
Schedule G, Part III - Schedule of Nonexempt Transactions			1
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.

		Crowe LLP Independent Member Crowe Global

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 and Schedule G, Part III – Schedule of Nonexempt Transactions for the year ended December 31, 2017 have been subjected to audit procedures performed in conjunction with the audit of Ameren Corporation Savings Investment Plan’s financial statements. The supplemental schedules are the responsibility of the Plan’s management. Our audit procedures included determining whether the information presented in the supplemental schedules 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 schedules. In forming our opinion on the supplemental schedules, we evaluated whether the supplemental schedules, including their form and content, are 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 schedules are fairly stated in all material respects in relation to the financial statements as a whole.

/s/ Crowe LLP

Crowe LLP

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

Oak Brook, Illinois

June 15, 2018, except for supplemental Schedule G, Part III - Schedule of Nonexempt Transactions, as to which the date is October 27, 2023.

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.

 

3

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.

 

4

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.

 

5

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

 

6

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.

 

7

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.

 

8

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).

 

9

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.

 

10

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.

 

11

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.

 

12

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.

 

13

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

 

14

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.

 

15

Ameren Corporation Savings Investment Plan

SCHEDULE G, PART III - Schedule of Nonexempt Transactions

For the year ended December 31, 2017

 

 

Name of plan sponsor: Ameren Corporation

Employer identification number: 43-1723446

Three-digit plan number: 003

 

(a)

(b)

(c)

(d)

(e)

Identity of party involved

Relationship to plan, employer, or other party-in-interest

Description of transaction including maturity date, rate of interest, collateral, par or maturity value

Current value of asset

Net gain (loss) on each transaction

Fidelity Investments Institutional

Service Provider

Excess compensation paid for recordkeeping services for 2017 plan year was $173,447 - VFCP filed

$

173,447

$

85,388

 

1

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

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

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

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

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

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

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