Union Electric Company bonds UEPEP
Who owns Union Electric Company's debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. UEPEP stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 906548CM2 | 2.95% fixed | 2027-06-15 | USD | 98.86 | 4.29% | 30 bp | 2 | $8.7M | Jul 2026 |
| 906548CP5 | 3.5% fixed | 2029-03-15 | USD | 97.11 | 4.68% | 44 bp | 5 | $5.4M | Jul 2026 |
| 906548CR1 | 2.95% fixed | 2030-03-15 | USD | 93.83 | 4.82% | 54 bp | 7 | $9.8M | Jul 2026 |
| 906548CT7 | 2.15% fixed | 2032-03-15 | USD | 86.67 | 4.89% | 52 bp | 4 | $3.6M | Jul 2026 |
| 906548CY6 | 5.2% fixed | 2034-04-01 | USD | 99.47 | 5.28% | 79 bp | 10 | $6.7M | Jul 2026 |
| 906548DA7 | 5.25% fixed | 2035-04-15 | USD | 98.92 | 5.41% | 87 bp | 10 | $19.8M | Jul 2026 |
| 906548DB5 | 4.8% fixed | 2036-03-15 | USD | 95.33 | 5.43% | 85 bp | 8 | $4.1M | Jul 2026 |
| 02360FAB2 | 5.3% fixed | 2037-08-01 | USD | 99.02 | 5.42% | 77 bp | 4 | $1.1M | Jul 2026 |
| 906548CH3 | 8.45% fixed | 2039-03-15 | USD | 124.64 | 5.69% | 95 bp | 4 | $1.1M | Jul 2026 |
| 906548CJ9 | 3.9% fixed | 2042-09-15 | USD | 78.98 | 5.94% | 103 bp | 5 | $5.7M | Jul 2026 |
| 906548CL4 | 3.65% fixed | 2045-04-15 | USD | 73.29 | 6.06% | 101 bp | 2 | $780K | Jul 2026 |
| 906548CN0 | 4% fixed | 2048-04-01 | USD | 75.09 | 6.08% | 98 bp | 5 | $888K | Jul 2026 |
| 906548CQ3 | 3.25% fixed | 2049-10-01 | USD | 64.74 | 6.12% | 101 bp | 6 | $2.1M | Jul 2026 |
| 906548CS9 | 2.625% fixed | 2051-03-15 | USD | 56.89 | 6.00% | 89 bp | 6 | $2.2M | Jul 2026 |
| 906548CU4 | 3.9% fixed | 2052-04-01 | USD | 72.14 | 6.05% | 95 bp | 8 | $4.5M | Jul 2026 |
| 906548CW0 | 5.45% fixed | 2053-03-15 | USD | 91.26 | 6.12% | 102 bp | 8 | $3.2M | Jul 2026 |
| 906548CX8 | 5.25% fixed | 2054-01-15 | USD | 88.24 | 6.14% | 104 bp | 8 | $10.1M | Jul 2026 |
| 906548CZ3 | 5.125% fixed | 2055-03-15 | USD | 87.00 | 6.09% | 99 bp | 6 | $2.2M | Jul 2026 |
| 906548DC3 | 5.55% fixed | 2056-03-15 | USD | 92.03 | 6.14% | 104 bp | 4 | $1.7M | Jul 2026 |
| 906548DD1 | 5.75% fixed | 2056-09-15 | USD | 94.71 | 6.14% | 104 bp | 6 | $8.4M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 20 | $102.0M | 91.64 | 5.97% | 95 bp | 10 |
| Jun 2026 | 20 | $615.6M | 95.02 | 5.64% | 75 bp | 35 |
| May 2026 | 19 | $357.0M | 94.61 | 5.62% | 70 bp | 22 |
| Apr 2026 | 19 | $103.5M | 94.47 | 5.72% | 89 bp | 12 |
| Mar 2026 | 19 | $605.8M | 94.70 | 5.70% | 92 bp | 38 |
| Feb 2026 | 19 | $352.9M | 96.13 | 5.25% | 73 bp | 24 |
| Jan 2026 | 17 | $108.4M | 93.77 | 5.48% | 82 bp | 12 |
| Dec 2025 | 17 | $517.5M | 93.62 | 5.56% | 85 bp | 32 |
| Nov 2025 | 17 | $301.3M | 95.53 | 5.43% | 82 bp | 23 |
| Oct 2025 | 17 | $120.0M | 95.23 | 5.38% | 84 bp | 12 |
| Sep 2025 | 17 | $534.4M | 95.07 | 5.42% | 77 bp | 32 |
| Aug 2025 | 17 | $303.3M | 92.04 | 5.64% | 82 bp | 23 |
| Jul 2025 | 17 | $118.8M | 92.70 | 5.65% | 76 bp | 11 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 58 added, 50 cut, 11 new holders and 8 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $130.0M | $114.5M | -$984K |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $106.7M | $95.5M | -$12.7M |
| Bond Fund of America | 2026-06-30 | $70.3M | $66.9M | $9.7M |
| Capital Group Central Corporate Bond Fund Capital Group Central Fund Series II | 2026-05-31 | $54.1M | $51.4M | $1.8M |
| PIMCO Long Duration Credit Bond Portfolio PIMCO FUNDS | 2026-06-30 | $60.6M | $50.7M | $5.7M |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $37.7M | $38.1M | $637K |
| JPMorgan Core Bond Fund JPMorgan Trust II | 2026-05-31 | $40.0M | $37.4M | -$1.6M |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $41.0M | $37.0M | -$295K |
| VANGUARD WELLINGTON FUND | 2026-05-31 | $30.9M | $25.3M | $0 |
| College Retirement Equities Fund - Responsible Balanced Account College Retirement Equities Fund | 2026-06-30 | $35.0M | $24.8M | $0 |
| American Balanced Fund | 2026-06-30 | $24.2M | $24.1M | $0 |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $23.5M | $23.0M | $2.0M |
| VANGUARD WELLESLEY INCOME FUND | 2026-06-30 | $28.3M | $21.8M | $0 |
| VANGUARD LONG-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $22.3M | $18.9M | $3.9M |
| Nuveen Core Impact Bond Fund TIAA-CREF Funds | 2026-06-30 | $26.4M | $18.5M | $0 |
| DNP Select Income Fund Inc | 2026-07-31 | $18.0M | $17.8M | $0 |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $17.6M | $16.9M | $2.2M |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $17.6M | $14.9M | $2.9M |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $15.6M | $14.7M | $0 |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $15.6M | $14.0M | $82K |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $14.0M | $13.6M | $273K |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $13.8M | $13.4M | $4.6M |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $10.9M | $10.6M | $3.5M |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $11.5M | $10.0M | $1.6M |
| VANGUARD LONG-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $11.4M | $9.2M | $323K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Empower Bond Index Fund ($1.2M), MML Barings Core Bond Fund ($933K), MML Managed Bond Fund ($798K), Total Return Portfolio ($606K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($501K), LVIP SSGA Short-Term Bond Index Fund ($250K), Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF ($65K), Nuveen Enhanced Yield U.S. Aggregate Bond ETF ($33K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 17 | $130.0M | $114.5M | 0.03% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 4 | $37.7M | $38.1M | 0.06% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 19 | $41.0M | $37.0M | 0.03% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $23.5M | $23.0M | 0.05% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 4 | $17.6M | $16.9M | 0.03% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 12 | $17.6M | $14.9M | 0.16% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 19 | $15.6M | $14.0M | 0.08% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $14.0M | $13.6M | 0.07% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 6 | $13.8M | $13.4M | 0.12% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 4 | $10.9M | $10.6M | 0.09% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 19 | $11.5M | $10.0M | 0.02% |
| BLV VANGUARD LONG-TERM BOND INDEX FUND | 2026-06-30 | 11 | $11.4M | $9.2M | 0.11% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $8.2M | $8.0M | 0.04% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 1 | $4.4M | $4.3M | 0.01% |
| IGLB iShares 10+ Year Investment Grade Corporate Bond ETF | 2026-05-31 | 12 | $4.9M | $4.1M | 0.15% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 20.23: safer than 95% of companies (96th percentile in Utilities). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $7.76B |
| Debt barrier (short-term + ½ long-term debt) | $5.01B |
| Equity volatility (1 year) | 7.7% |
| Asset value / asset volatility (solved) | $12.56B / 4.7% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 95 bp spread prices in about 1.6% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Altman Z'' = 1.72 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.