Wisconsin Electric Power Company bonds WELPM
Who owns Wisconsin Electric Power 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. WELPM 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 |
|---|---|---|---|---|---|---|---|---|---|
| 976656CM8 | 1.7% fixed | 2028-06-15 | USD | 94.98 | 4.52% | 32 bp | 5 | $4.2M | Jul 2026 |
| 976656CV8 | 3.95% fixed | 2029-03-01 | USD | 98.42 | 4.60% | 36 bp | 10 | $28.5M | Jul 2026 |
| 976656CQ9 | 5% fixed | 2029-05-15 | USD | 100.87 | 4.66% | 41 bp | 7 | $8.3M | Jul 2026 |
| 976656CU0 | 4.15% fixed | 2030-10-15 | USD | 97.20 | 4.89% | 59 bp | 18 | $37.1M | Jul 2026 |
| 976656CX4 | 4.65% fixed | 2031-06-15 | USD | 98.83 | 4.92% | 60 bp | 7 | $10.1M | Jul 2026 |
| 976656CN6 | 4.75% fixed | 2032-09-30 | USD | 99.00 | 4.94% | 53 bp | 8 | $4.9M | Jul 2026 |
| 976656BW7 | 5.625% fixed | 2033-05-15 | USD | 103.07 | 5.08% | 64 bp | 5 | $2.2M | Jul 2026 |
| 976656CS5 | 4.6% fixed | 2034-10-01 | USD | 96.27 | 5.16% | 65 bp | 7 | $3.4M | Jul 2026 |
| 976656CY2 | 5.1% fixed | 2036-06-15 | USD | 98.06 | 5.36% | 76 bp | 5 | $2.7M | Jul 2026 |
| 976656BZ0 | 5.7% fixed | 2036-12-01 | USD | 102.81 | 5.34% | 72 bp | 3 | $889K | Jul 2026 |
| 976656CE6 | 3.65% fixed | 2042-12-15 | USD | 74.07 | 6.19% | 127 bp | 1 | $74K | Jul 2026 |
| 976656CG1 | 4.25% fixed | 2044-06-01 | USD | 82.83 | 5.80% | 94 bp | 2 | $160K | Jun 2026 |
| 976656CJ5 | 4.3% fixed | 2045-12-15 | USD | 77.67 | 6.31% | 124 bp | 1 | $4K | Jul 2026 |
| 976656CK2 | 4.3% fixed | 2048-10-15 | USD | 78.49 | 6.08% | 97 bp | 3 | $611K | Jul 2026 |
| 976656CT3 | 5.05% fixed | 2054-10-01 | USD | 86.71 | 6.04% | 93 bp | 2 | $507K | Jul 2026 |
| 976656CW6 | 5.65% fixed | 2056-03-15 | USD | 94.71 | 6.03% | 93 bp | 3 | $1.0M | 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 | 15 | $104.6M | 97.20 | 5.16% | 65 bp | 18 |
| Jun 2026 | 14 | $255.5M | 99.10 | 4.84% | 53 bp | 29 |
| May 2026 | 14 | $222.8M | 98.38 | 4.98% | 54 bp | 18 |
| Apr 2026 | 13 | $95.2M | 98.64 | 4.77% | 61 bp | 18 |
| Mar 2026 | 12 | $199.5M | 98.58 | 4.76% | 66 bp | 32 |
| Feb 2026 | 13 | $230.0M | 100.28 | 4.48% | 47 bp | 18 |
| Jan 2026 | 12 | $92.3M | 99.50 | 4.62% | 56 bp | 19 |
| Dec 2025 | 12 | $196.8M | 99.51 | 4.60% | 62 bp | 28 |
| Nov 2025 | 12 | $187.0M | 97.46 | 4.67% | 60 bp | 16 |
| Oct 2025 | 12 | $60.2M | 97.09 | 4.75% | 70 bp | 17 |
| Sep 2025 | 11 | $177.0M | 99.55 | 4.66% | 60 bp | 31 |
| Aug 2025 | 11 | $131.6M | 94.18 | 4.84% | 60 bp | 14 |
| Jul 2025 | 11 | $20.0M | 93.37 | 5.07% | 61 bp | 8 |
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, 31 cut, 6 new holders and 13 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $68.8M | $66.4M | $16.8M |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $60.3M | $58.0M | $19.2M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $38.3M | $37.4M | $0 |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $31.7M | $31.3M | $937K |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $27.0M | $27.3M | -$290K |
| Intermediate Bond Fund of America | 2026-05-31 | $26.0M | $25.7M | $0 |
| VANGUARD WELLINGTON FUND | 2026-05-31 | $17.3M | $18.1M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $18.4M | $17.9M | $845K |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $17.0M | $17.1M | $4.8M |
| JPMorgan Ultra-Short Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $16.2M | $16.0M | $0 |
| VANGUARD WELLESLEY INCOME FUND | 2026-06-30 | $13.8M | $14.4M | $0 |
| Putnam Ultra Short Duration Income Fund Putnam Funds Trust | 2026-07-31 | $10.5M | $10.3M | $0 |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $10.1M | $9.9M | $4.6M |
| Columbia Flexible Capital Income Fund Columbia Funds Series Trust II | 2026-05-31 | $11.0M | $9.9M | $700K |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $9.7M | $9.5M | $2.5M |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $9.7M | $9.3M | $645K |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $8.7M | $8.8M | $160K |
| TRI-CONTINENTAL Corp | 2026-06-30 | $9.0M | $8.2M | $800K |
| iShares Core Universal USD Bond ETF iShares Trust | 2026-07-31 | $8.3M | $8.0M | $3.8M |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $7.8M | $7.7M | -$840K |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $6.4M | $6.4M | $885K |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $6.2M | $6.1M | $3.0M |
| VANGUARD BALANCED INDEX FUND VANGUARD VALLEY FORGE FUNDS | 2026-06-30 | $6.2M | $6.0M | $3.5M |
| First Trust Limited Duration Investment Grade Corporate ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $6.0M | $5.9M | $4.0M |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $6.3M | $5.9M | $375K |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): SIIT INTERMEDIATE DURATION CREDIT FUND ($3.6M), SA American Century Inflation Managed Portfolio ($1.9M), Inflation Managed Portfolio ($1.5M), VOYA INTERMEDIATE BOND FUND ($1.3M), LVIP American Century Inflation Protection Fund ($939K), Multi-Manager Total Return Bond Strategies Fund ($529K), BlackRock Total Return Fund ($460K), Short-Term Bond Fund ($445K), Goldman Sachs Access Investment Grade Corporate Bond ETF ($215K), BlackRock Core Bond Portfolio ($103K).
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 | 12 | $60.3M | $58.0M | 0.01% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $31.7M | $31.3M | 0.06% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $27.0M | $27.3M | 0.04% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 11 | $18.4M | $17.9M | 0.01% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 4 | $17.0M | $17.1M | 0.03% |
| JPST JPMorgan Ultra-Short Income ETF | 2026-05-31 | 1 | $16.2M | $16.0M | 0.04% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 9 | $10.1M | $9.9M | 0.09% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 3 | $9.7M | $9.5M | 0.01% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 14 | $9.7M | $9.3M | 0.05% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $8.7M | $8.8M | 0.05% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 13 | $8.3M | $8.0M | 0.02% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $7.8M | $7.7M | 0.03% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 4 | $6.4M | $6.4M | 0.06% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 3 | $6.2M | $6.1M | 0.06% |
| FSIG First Trust Limited Duration Investment Grade Corporate ETF | 2026-07-31 | 2 | $6.0M | $5.9M | 0.39% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 3.85: safer than 36% of companies (36th percentile in Utilities). Market-implied, prices to 2026-10-15, balance sheet 2026-06-30.
| Equity value | $2.06B |
| Debt barrier (short-term + ½ long-term debt) | $3.08B |
| Equity volatility (1 year) | 32.9% |
| Asset value / asset volatility (solved) | $5.01B / 13.5% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 65 bp spread prices in about 1.1% 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'' = 3.05 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in WELPM's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 1 | $19K | 0 | — | 0 | — | 0 |
| 2026-06-30 | 1 | $19K | 0 | — | 0 | — | 0 |
| 2026-03-31 | 1 | $20K | 0 | — | 0 | — | 0 |
| 2025-12-31 | 1 | $20K | 0 | — | 0 | — | 0 |
| 2025-09-30 | 1 | $20K | 0 | — | 0 | — | 0 |
| 2025-06-30 | 1 | $19K | 0 | — | 0 | — | 0 |
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.