Attached files
| file | filename |
|---|---|
| EX-32.1 - EXHIBIT 32.1 - AMERIPRISE CERTIFICATE CO | ex321-ye16.htm |
| EX-31.2 - EXHIBIT 31.2 - AMERIPRISE CERTIFICATE CO | ex312-ye16.htm |
| EX-31.1 - EXHIBIT 31.1 - AMERIPRISE CERTIFICATE CO | ex311-ye16.htm |
| EX-24.(A) - EXHIBIT 24.(A) - AMERIPRISE CERTIFICATE CO | a24apoadirectors.htm |
| EX-14.(C) - EXHIBIT 14.(C) - AMERIPRISE CERTIFICATE CO | a14cglobalcodeofconduct.htm |
| EX-14.(B) - EXHIBIT 14.(B) - AMERIPRISE CERTIFICATE CO | a14bcoecmia.htm |
| EX-10.(D) - EXHIBIT 10(D) - AMERIPRISE CERTIFICATE CO | ex10d-ye16.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K
x | ANNUAL REPORT PURSUANT TO SECTION 30 OF THE INVESTMENT COMPANY ACT OF 1940 AND SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the Fiscal Year Ended December 31, 2016
OR
o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the Transition Period from_______________________to_______________________
Commission File No. 811-00002
AMERIPRISE CERTIFICATE COMPANY
(Exact name of registrant as specified in its charter)
Delaware | 41-6009975 | |
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |
1099 Ameriprise Financial Center, Minneapolis, Minnesota | 55474 | |
(Address of principal executive offices) | (Zip Code) | |
Registrant’s telephone number, including area code: (612) 671-3131
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes o No x
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes o No x
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No o
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [Not applicable]
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
(Check one): Large Accelerated Filer o Accelerated Filer o Non-Accelerated Filer x Smaller reporting company o
(Do not check if a smaller reporting company)
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No x
Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date.
Class | Outstanding at February 23, 2017 | ||
Common Stock (par value $10 per share) | 150,000 shares | ||
All outstanding shares of the registrant are directly owned by Ameriprise Financial, Inc.
THE REGISTRANT MEETS THE CONDITIONS SET FORTH IN GENERAL INSTRUCTIONS (I)(1)(a) AND (b) OF FORM 10-K AND IS THEREFORE FILING THIS FORM WITH THE REDUCED DISCLOSURE FORMAT.
AMERIPRISE CERTIFICATE COMPANY
FORM 10-K
INDEX
PART I | ||
Item 1. Business | ||
Item 1A. Risk Factors | ||
Item 1B. Unresolved Staff Comments | ||
Item 2. Properties | ||
Item 3. Legal Proceedings | ||
Item 4. Mine Safety Disclosures | ||
PART II | ||
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | ||
Item 6. Selected Financial Data | ||
Item 7. Management’s Narrative Analysis | ||
Item 7A. Quantitative and Qualitative Disclosures About Market Risk | ||
Item 8. Financial Statements and Supplementary Data | ||
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure | ||
Item 9A. Controls and Procedures | ||
Item 9B. Other Information | ||
PART III | ||
Item 10. Directors, Executive Officers and Corporate Governance | ||
Item 11. Executive Compensation | ||
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | ||
Item 13. Certain Relationships and Related Transactions, and Director Independence | ||
Item 14. Principal Accountant Fees and Services | ||
PART IV | ||
Item 15. Exhibits and Financial Statement Schedules | ||
Item 16. Form 10-K Summary | ||
Signatures | ||
Index to Consolidated Financial Statements and Schedules | ||
Exhibit Index | ||
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PART I
Item 1. Business
Overview
Ameriprise Certificate Company (“ACC”) was incorporated on October 28, 1977 under the laws of Delaware. Ameriprise Financial, Inc. (“Ameriprise Financial”), a Delaware corporation, owns 100% of the outstanding voting securities of ACC. Ameriprise Financial and its predecessor companies have a more than 120 year of history of providing financial solutions to help clients confidently achieve their financial objectives.
ACC is registered as an investment company under the Investment Company Act of 1940, as amended (the “1940 Act”) and is in the business of issuing face-amount investment certificates. Face-amount certificates issued by ACC entitle the certificate owner to receive at maturity a stated amount of money and interest or credits declared from time to time by ACC, at its discretion. ACC’s certificates are distributed and sold by Ameriprise Financial Services, Inc. (“AFSI”), an affiliate of ACC. AFSI is registered as a broker-dealer in all 50 states, the District of Columbia and Puerto Rico.
To ACC’s knowledge, ACC is the largest issuer of face-amount certificates in the United States. However, ACC’s certificate products compete with many other banking and investment products offered by banks, savings and loan associations, mutual funds, broker-dealers and others, which may be viewed by potential clients as offering a comparable or superior combination of safety and return on investment. In particular, some of ACC’s products are designed to be competitive with the types of investments offered by banks and thrifts. Since ACC’s face-amount certificates are securities, their offer and sale are subject to regulation under federal and state securities laws. ACC’s certificates are backed by ACC’s qualified assets on deposit and are not insured by any governmental agency or other entity.
ACC’s future profitability is dependent upon changes in the economic, credit and equity environments, as well as the competitive environment. Unaffiliated third parties offer certain competing products which have demonstrated strong appeal to investors.
Products
As of the date of this report, ACC offered the following five different certificate products to the public:
1. | Ameriprise Cash Reserve Certificate |
• | Single payment certificate that permits additional payments and on which ACC guarantees interest rates in advance for a three month term. |
• | Currently sold without a sales charge. |
• | Available as qualified investments for IRAs and other qualified retirement plans. |
• | Current policy is to re-evaluate the certificate product interest crediting rates weekly to respond to marketplace changes. |
• | ACC refers to an independent index or source to set the rates for new sales and must set the rates for an initial purchase of the certificate within a specified range of the rate from such index or source. For renewals, ACC uses such rates as an indication of the competitors’ rates, but is not required to set rates within a specified range. |
• | Non-Jumbo Deposit National Rates for 3 month CDs as published by the FDIC are used as the guide in setting rates. |
• | Competes with popular short term investment and savings vehicles such as certificates of deposit, savings accounts, and money market mutual funds that offer comparable yields, liquidity and safety of principal. |
• | Twenty year maturity. |
2. | Ameriprise Flexible Savings Certificate |
• | Single payment certificate that permits a limited amount of additional payments and on which ACC guarantees interest rates in advance for a term of three, six, seven, nine, twelve, thirteen, eighteen, twenty-four, thirty or thirty-six months, and potentially other terms, at ACC’s option. |
• | Currently sold without a sales charge. |
• | Currently premature surrenders incur surrender charges. |
• | Available as qualified investments for IRAs, 401(k) plans, and other qualified retirement plans. |
• | Current policy is to re-evaluate the certificate product interest crediting rates weekly to respond to marketplace changes. |
• | ACC refers to an independent index or source to set the rates for new sales and must set the rates for an initial purchase of the certificate within a specified range of the rate from such index or source. For renewals, ACC uses such rates as an indication of the competitors’ rates, but is not required to set rates within a specified range. |
• | Non-Jumbo Deposit National Rates as published by the FDIC are used as the guide in setting rates. |
• | Competes with popular short-term investment vehicles such as certificates of deposit, money market certificates, and money market mutual funds that offer comparable yields, liquidity and safety of principal. |
• | Twenty year maturity. |
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3. | Ameriprise Installment Certificate |
• | Installment payment certificate that declares interest rates in advance for a three-month period. |
• | Currently sold without a sales charge. |
• | Currently premature surrenders incur surrender charges. |
• | Available as qualified investments for IRAs, 401(k) plans, and other qualified retirement plans. |
• | Current policy is to re-evaluate the certificate product interest crediting rates weekly to respond to marketplace changes. |
• | As of the date of this report, ACC has a fixed rate of 0.55% for new sales. |
• | Intended to help clients save systematically and may compete with passbook savings and NOW accounts. |
• | Ten year maturity. |
4. | Ameriprise Stock Market Certificate |
• | Single payment certificate with terms of 52, 104 and 156 weeks that offer the certificate product owner the opportunity to have all or part of the certificate product returns tied to the stock market performance, up to a maximum return, as measured by a broad stock market index, with return of principal guaranteed by ACC. The owner can also choose to earn a fixed rate of interest after the first term. |
• | Currently sold without a sales charge. |
• | Currently premature surrenders incur surrender charges. |
• | Available as qualified investments for IRAs, 401(k) plans, and other qualified retirement plans. |
• | Current policy is to re-evaluate the certificate product interest crediting rates weekly and maximum return rates at least monthly to respond to marketplace changes. |
• | Certain banks offer certificates of deposit that have features similar to this certificate. |
• | The rate of interest is calculated in whole or in part based on any upward movement in a broad-based stock market index up to a maximum return, where the maximum is a fixed rate for a given term, but can be changed at ACC’s discretion for subsequent terms. |
• | Fifteen year maturity for certificates with terms of 52 and 156 weeks and fourteen year maturity for certificates with terms of 104 weeks. |
5. | Ameriprise Step-Up Rate Certificate |
• | Single payment certificate that offers terms of two, three or four years and on which ACC guarantees an initial interest rate, as well as any step-up in rates taken, per the terms of the prospectus. |
• | Two- and three-year terms include the opportunity to step up the rate once during the term. |
• | Four-year term includes two opportunities to step up the rate during the term. |
• | Step-up rate will be the then-current new purchase rate for the same term as current certificate term. |
• | Currently sold without a sale charge. |
• | Currently premature surrenders incur surrender charges. |
• | Available as qualified investments for IRAs, 401(k) plans, and other qualified retirement plans. |
• | Current policy is to re-evaluate the certificate product interest crediting rates weekly to respond to marketplace changes. |
• | ACC refers to an independent index or source to set the rates for new sales and must set the rates for an initial purchase of the certificate within a specified range of the rate from such index or source. For renewals, ACC uses such rates as an indication of the competitors’ rates, but is not required to set rates within a specified range. |
• | Non-Jumbo Deposits National Rates as published by the FDIC are used as the guide in setting rates. |
• | Certain banks offer certificates of deposit that have features similar to this certificate. |
• | Twenty year maturity. |
Within the specified maturity periods, most certificates have interest crediting rate terms ranging from three to forty-eight months. Interest crediting rates are subject to change and certificate product owners can surrender their certificates without penalty at the end of a term. Currently offered ACC certificates (listed above), as well as certain certificates previously issued by ACC (not listed above), contain renewal features which enable certificate owners to renew their certificate term until certificate maturity. Accordingly, certificate products that are currently outstanding in their renewal periods or are exercised for renewal in the future are, and continue to be, liabilities of ACC until their redemption or maturity whether or not such certificates are available for new sales. ACC guarantees the return of principal, as well as interest once it has been credited, less any penalties that apply, for each of the certificates offered.
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Distribution and Marketing Channels
ACC’s certificates are offered solely by AFSI and sold pursuant to a distribution agreement which is terminable on sixty days’ notice and is subject to annual approval by ACC’s Board of Directors, including a majority of the directors who are not “interested persons” of AFSI or ACC as that term is defined in the 1940 Act. The distribution agreement provides for the payment of distribution fees to AFSI for services provided.
Asset Management
ACC has retained Columbia Management Investment Advisers, LLC (“CMIA”), a wholly owned subsidiary of Ameriprise Financial, to manage ACC’s investment portfolio under an investment management agreement, which is subject to annual review and approval by ACC’s Board of Directors, including a majority of the directors who are not “interested persons” of AFSI, CMIA or ACC. This investment management agreement with CMIA can be terminated by either party on sixty days’ written notice.
Regulation
ACC is required to maintain cash and “qualified assets” meeting the standards of Section 28(b) of the 1940 Act, as modified by an exemptive order of the Securities and Exchange Commission (“SEC”). The amortized cost of such investments must be at least equal to ACC’s net liabilities on all outstanding face-amount certificates plus $250,000. ACC’s qualified assets consist of cash equivalents, residential mortgage backed securities, syndicated loans and commercial mortgage loans, U.S. government and government agency securities, municipal bonds, corporate bonds, common stocks, equity index options and other securities meeting specified standards. So long as ACC wishes to rely on the SEC order, as a condition to the order, ACC has agreed to maintain an amount of unappropriated retained earnings and capital equal to at least 5% of certificate reserves (less outstanding certificate loans). To the extent that payment of a dividend would decrease the capital ratio below the required 5%, payment of a dividend would be restricted. In determining compliance with this condition, qualified assets are valued in accordance with the provisions of Minnesota Statutes where such provisions are applicable.
ACC has also entered into a written understanding with the Minnesota Department of Commerce, that ACC will maintain capital equal to at least 5% of the assets of ACC (less outstanding certificate loans). To the extent that payment of a dividend would decrease this ratio below the required 5%, payment of a dividend would be restricted. When computing its capital for these purposes, ACC values its assets on the basis of statutory accounting for insurance companies rather than U.S. generally accepted accounting principles (“GAAP”). ACC is subject to examination and supervision by the Minnesota Department of Commerce (Banking Division).
Item 1A. Risk Factors
ACC’s operations and financial results are subject to various risks and uncertainties, including those described below, that could have a material adverse effect on ACC’s business, financial condition or results of operations. We believe that the following information identifies the material factors affecting ACC based on the information we currently know. However, the risks and uncertainties ACC faces are not limited to those described below. Additional risks and uncertainties which are not presently known or which are currently believed to be immaterial may also adversely affect ACC’s business.
Risks Relating to ACC’s Business
ACC’s financial condition and results of operations may be adversely affected by market fluctuations and by economic, political and other factors.
ACC’s financial condition and results of operations may be materially affected by market fluctuations and by economic and other factors. Such factors, which can be global, regional, national or local in nature, include: (i) political, social, economic and market conditions; (ii) the availability and cost of capital; (iii) the level and volatility of equity prices, commodity prices and interest rates, currency values and other market indices; (iv) technological changes and events; (v) U.S. and foreign government fiscal and tax policies; (vi) U.S. and foreign government ability, real or perceived, to avoid defaulting on government securities; (vii) the availability and cost of credit; (viii) inflation; (ix) investor sentiment and confidence in the financial markets; (x) terrorism events and armed conflicts; and (xi) natural disasters such as weather catastrophes and widespread health emergencies. These factors also may have an impact on ACC’s ability to achieve its strategic objectives.
ACC’s financial condition and results of operations are affected by the “spread”, or the difference between the returns ACC earns on the investments that support its product obligations and the amounts that ACC must pay certificate holders.
ACC’s investment products are sensitive to interest rate fluctuations and ACC’s future costs associated with such variations may differ from its historical costs. During periods of increasing market interest rates, ACC may offer higher crediting rates on existing face-amount certificates to remain competitive with other products in the market. Because returns on invested assets may not increase as quickly as current interest rates, ACC may have to accept a lower spread and thus lower profitability or face a decline in sales and greater loss of existing certificates. In addition, increases in market interest rates may cause increased certificate surrenders as certificate holders seek to shift assets to products with perceived higher returns. This process may lead to an earlier than expected outflow of cash from ACC’s business. Also, increases in market interest rates may result in extension of certain cash
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flows from structured mortgage assets. Certificate withdrawals and surrenders may also require investment assets to be sold at a time when the prices of those assets are lower because of the increase in market interest rates, which may result in realized investment losses. Increases in crediting rates, as well as surrenders and withdrawals, could have an adverse effect on ACC’s financial condition and results of operations.
During periods of falling interest rates or stagnancy of low interest rates, ACC’s spread may be reduced or could become negative primarily because ACC may adjust the interest rates it credits on most of the products downward only at limited, pre-established intervals. Interest rate fluctuations also could have an adverse effect on the results of ACC’s investment portfolio. During periods of declining market interest rates or stagnancy of low interest rates, the interest ACC receives on variable interest rate investments decreases. In addition, during those periods, ACC is forced to reinvest the cash it receives as interest or return of principal on its investments in lower-yielding high-grade instruments or in lower-credit instruments to maintain comparable returns. Issuers of certain callable fixed income securities also may decide to prepay their obligations in order to borrow at lower market rates which increase the risk that ACC may have to reinvest the cash proceeds of these securities in lower-yielding or lower-credit instruments. Offsetting some of these risks is the fact that a significant portion of certificate balances do not have a minimum guaranteed interest crediting rate.
Significant downturns and volatility in equity markets may have an adverse effect on the financial condition and results of operations of ACC. Market downturns and volatility may cause, and have caused, potential new purchasers of ACC’s products to refrain from purchasing or to purchase fewer ACC certificate products. Additionally, downturns and volatility in financial markets can have, and have had, an adverse effect on the performance of ACC’s investment portfolio.
For additional information regarding the sensitivity of the fixed income securities in ACC’s investment portfolio to interest rate fluctuations, see Part II, Item 7A of this Form 10-K —“Quantitative and Qualitative Disclosures About Market Risk.”
Changes in the supervision and regulation of the financial industry could materially impact ACC’s results of operations, financial condition and liquidity.
The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”), called for sweeping changes in the supervision and regulation of the financial industry designed to provide for greater oversight of financial industry participants, reduce risk in banking practices and in securities and derivatives trading, enhance public company corporate governance practices and executive compensation disclosures, and provide greater protections to individual consumers and investors. Certain elements of the Dodd-Frank Act became effective immediately, though the details of certain provisions remain subject to additional studies and will not be known until final rules are adopted by applicable regulatory agencies. The full impact of the Dodd-Frank Act on ACC, the financial industry and the economy cannot be known until all such rules and regulations called for under the Dodd-Frank Act have been finalized, and, in some cases, implemented over time.
Accordingly, while certain elements of these reforms have yet to be finalized and implemented (and implemented aspects of the Dodd-Frank Act could even be changed under the new U.S. Administration), the Dodd-Frank Act has impacted and is expected to further impact the manner in which ACC markets its products and services, manages itself and its operations and interacts with regulators, all of which could materially impact ACC’s results of operations, financial condition and liquidity. Moreover, to the extent the Dodd-Frank Act and ongoing changes to regulations and oversight of the financial industry impacts the operations, financial condition, liquidity and capital requirements of unaffiliated financial institutions with whom ACC transacts business, those institutions may seek to pass on increased costs, reduce their capacity to transact, or otherwise present inefficiencies in their interactions with ACC.
It is uncertain whether the Dodd-Frank Act, the rules and regulations developed thereunder, or any future regulation or legislation designed to stabilize the financial markets, the economy generally, or provide better protections to consumers will have the desired effect. Any new legislation or regulatory changes could require ACC to change certain of ACC’s business practices, impose additional costs on ACC, or otherwise adversely affect ACC’s business operations, regulatory reporting relationships, results of operations or financial condition. Consequences may include substantially higher compliance costs as well as material effects on interest rates and foreign exchange rates, which could materially impact ACC’s investments, results of operations and liquidity in ways that ACC cannot predict.
ACC’s business is regulated and changes in legislation or regulation may reduce ACC’s profitability and limit its growth.
ACC operates in a regulated industry. As a registered investment company, ACC must observe certain governance, disclosure, record-keeping, marketing, privacy, data protection and other operating requirements. Various regulatory and governmental bodies have the authority to review ACC’s products and business practices and to bring regulatory or other legal actions against ACC if, in their view, ACC’s practices are improper. Any enforcement actions, investigations or other proceedings brought against ACC or its directors or employees of our affiliates by its regulators may result in fines, injunctions or other disciplinary actions that could harm ACC’s reputation or impact ACC’s results of operations. In addition, any changes to the laws and regulations applicable to ACC’s business such as possible changes brought about by any Department of Labor applicable regulation pertaining to the fiduciary status of investment advice providers to retirement investors (primarily account holders in 401(k) plans and IRAs and other types of ERISA clients) and its new prohibited transaction exemptions potential impact regarding how ERISA investment advice fiduciaries
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can provide products manufactured by affiliates to, or engage in certain principal transactions with, retirement investors, including incremental requirements, costs and risks that may be imposed on ACC as a result of such changes, may affect the operations and financial condition of ACC.
Changes in and the adoption of accounting standards or inaccurate estimates or assumptions in applying accounting policies could have a material impact on ACC’s financial statements and changes in the regulation of independent registered public accounting firms are present with increasing frequency in connection with broader market reforms.
ACC’s accounting policies and methods are fundamental to how ACC records and reports ACC’s financial condition and results of operations. Some of these policies require use of estimates and assumptions that may affect the reported value of ACC’s assets or liabilities and results of operations and are critical because they require management to make difficult, subjective, and complex judgments about matters that are inherently uncertain. If those assumptions, estimates or judgments were incorrectly made, ACC could be required to correct and restate prior period financial statements.
ACC prepares its financial statements in accordance with U.S. generally accepted accounting principles. From time to time, the Financial Accounting Standards Board, the SEC and other regulators may change the financial accounting and reporting standards governing the preparation of ACC’s financial statements. In addition, the conduct of ACC’s independent registered public accounting firm is overseen by the Public Company Accounting Oversight Board (“PCAOB”). These and other regulators may make additional inquiries regarding, or change their application of, existing laws and regulations regarding ACC’s independent auditor, financial statements or other financial reports and the possibility of such additional inquiries or changes is increasing in frequency in connection with broader market reforms. These changes are difficult to predict, and could impose additional governance, internal control and disclosure demands. In some cases, ACC could be required to apply a new or revised standard retroactively, resulting in ACC restating prior period financial statements. It is possible that the changes could have a material adverse effect on ACC’s financial condition and results of operations. For example, PricewaterhouseCoopers LLP (“PwC”) informed ACC that it has identified a potential issue related to its independence under Rule 2-01(c)(1)(ii)(A) of Regulation S-X (referred to as the “Loan Rule”). The Loan Rule prohibits accounting firms, such as PwC, from being deemed independent if they have certain financial relationships with their audit clients or certain affiliates of those clients. Pursuant to the SEC’s application of the Loan Rule, PwC has advised ACC that certain relationships between PwC and its lenders who also are record owners of various funds in the Columbia Threadneedle family of funds (collectively, the “Columbia Threadneedle Funds”) or certain other entities within the Ameriprise Financial investment company complex, may implicate the Loan Rule. On June 20, 2016, the Staff of the SEC issued a “no-action” letter confirming that it would not recommend that the SEC commence enforcement action against an unrelated fund that relied on audit services performed by an audit firm that was not in compliance with the Loan Rule in certain specified circumstances. The SEC Staff stated that the relief under the letter is temporary and will expire 18 months after the issuance of the letter. If it was determined that PwC was not independent, or ACC does not receive some form of exemptive relief, among other things, the financial statements audited by PwC and the interim financial statements reviewed by PwC may have to be audited and reviewed, respectively, by another independent registered public accounting firm. PwC has advised us that, based on its knowledge and analyses of ACC’s facts and circumstances, it is not aware of any facts that would preclude reliance by ACC, its affiliates and other entities within the Ameriprise Financial investment company complex on the no-action letter. PwC has also affirmed to ACC that they are able to exercise objective and impartial judgment in their audits of ACC, its affiliates and the Columbia Threadneedle Funds, are independent accountants within the meaning of PCAOB Rule 3520 and in their view can continue to serve as ACC’s independent registered public accounting firm. ACC has considered disclosures made to it by PwC of lending relationships described by PwC, PwC’s representation that it is independent within the meaning of the Public Company Accounting Oversight Board Rule 3520 Auditor Independence, and representations made to the ACC Audit Committee by PwC that PwC believes that a reasonable investor possessing all the facts regarding the lending relationships and audit relationships would conclude that PwC is able to exhibit the requisite objectivity and impartiality to report on ACC’s financial statements as the independent registered public accounting firm. Based on the foregoing, ACC does not believe that PwC is incapable of exercising objective and impartial judgment with respect to the audit services to ACC.
Defaults in ACC’s fixed maturity securities portfolio could adversely affect ACC’s earnings.
Issuers of the fixed maturity securities owned by ACC may default on principal and interest payments. As of December 31, 2016, 4% of ACC’s invested assets had ratings below investment grade. Moreover, economic downturns and corporate malfeasance can increase the number of companies, including those with investment grade ratings, which could default on their debt obligations.
If the counterparties to the derivative instruments ACC uses to hedge certain certificate liabilities default, ACC may be exposed to risks it had sought to mitigate, which could adversely affect ACC’s financial condition and results of operations.
ACC uses derivative instruments to hedge certain certificate liabilities. ACC enters into a variety of derivative instruments with a number of counterparties. If ACC’s counterparties become insolvent or fail to honor their obligations under the contracts governing such instruments, ACC’s hedges of the related risk may be ineffective. That failure could have a material adverse effect on ACC’s financial condition and results of operations. The risk of counterparty default may increase during periods of capital market volatility.
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Some of ACC’s investments are relatively illiquid.
ACC invests a portion of its assets in privately placed fixed income securities and mortgage loans, which are relatively illiquid. ACC’s investment manager periodically reviews ACC’s private placement investments using adopted standards to categorize such investments as liquid or illiquid. As of December 31, 2016, mortgage loans and private placement fixed income securities that have been categorized as illiquid represented approximately 4% of the carrying value of ACC’s investment portfolio. If ACC requires significant amounts of cash on short notice in excess of its normal cash requirements, ACC may have difficulty selling these investments in a timely manner or be forced to sell them for an amount less than it would otherwise have been able to realize, or both, which could have an adverse effect on ACC’s financial condition and results of operations.
The determination of the amount of allowances and impairments taken on certain investments is subject to management’s evaluation and judgment and could materially impact ACC’s results of operations or financial position.
The determination of the amount of allowances and impairments vary by investment type and is based upon ACC’s periodic evaluation and assessment of inherent and known risks associated with the respective asset class. Such evaluations and assessments are revised as conditions change and new information becomes available. Management updates its evaluations regularly and reflects changes in allowances and impairments in operations as such evaluations are revised. Historical trends may not be indicative of future impairments or allowances.
The assessment of whether impairments have occurred is based on management’s case-by-case evaluation of the underlying reasons for the decline in fair value that considers a wide range of factors about the security issuer and management uses its best judgment in evaluating the cause of the decline in the estimated fair value of the security and in assessing the prospects for recovery. Inherent in management’s evaluation of the security are assumptions and estimates about the operations of the issuer and its future earnings potential.
If ACC’s reserves for future certificate redemptions and maturities are inadequate, ACC may be required to increase its reserve liabilities, which could adversely affect ACC’s results of operations and financial condition.
Investment certificates may be purchased either with a lump-sum payment or by installment payments. Certificate product owners are entitled to receive, at maturity, a definite sum of money. Payments from certificate owners are credited to investment certificate reserves. Investment certificate reserves accumulate interest at specified percentage rates as declared by ACC. Reserves are also maintained for advance payments made by certificate owners, accrued interest thereon, and for additional credits in excess of minimum guaranteed rates and accrued interest thereon. On certificates allowing for the deduction of a surrender charge, the cash surrender values may be less than accumulated investment certificate reserves prior to maturity dates. Cash surrender values on certificates allowing for no surrender charge are equal to certificate reserves. The payment distribution, reserve accumulation rates, cash surrender values, reserve values and other matters are governed by the 1940 Act.
Certain certificates offer a return based on the relative change in a stock market index. The certificates with an equity-based return contain embedded derivatives, which are carried at fair value within investment certificate reserves on the consolidated balance sheets. The fair values of these embedded derivatives incorporate current market data inputs. Changes in fair value are reflected in provision for certificate reserves within the consolidated statements of operations.
ACC monitors its reserve levels continually. If ACC concluded its reserves were insufficient to cover actual or expected redemptions or maturities, ACC would be required to increase its reserves and incur income statement charges for the period in which it makes the determination. Such a determination could adversely affect ACC’s financial condition and results of operations.
Intense competition could negatively affect ACC’s ability to maintain or increase its market share and profitability.
ACC’s business operates in an intensely competitive industry segment. ACC competes based on a number of factors including name recognition, service, interest rates, product features and perceived financial strength. ACC’s competitors include broker-dealers, banks, asset managers and other financial institutions. ACC’s business faces competitors that have greater market share, offer a broader range of products or have greater financial resources.
ACC’s affiliated distributor may be unable to attract and retain financial advisors.
ACC is dependent on the financial advisors of AFSI for all of the sales of its certificate products. A significant number of such financial advisors operate as independent contractors under a franchise agreement with AFSI. The market for these financial advisors is extremely competitive, and there can be no assurance that AFSI will be successful in its efforts to maintain its current network of financial advisors or to recruit and retain new advisors to its network. If AFSI is unable to attract and retain quality financial advisors, fewer advisors would be available to sell ACC’s certificate products and ACC’s financial condition and results of operations could be materially adversely affected.
Damage to the reputation of ACC or its affiliates could adversely affect the business of ACC.
The ability of ACC to market and sell its products is highly dependent upon external perceptions of ACC’s and its affiliates’ level of service, business practices and financial condition. Damage to the reputation of ACC or its affiliates could cause significant harm to the business and prospects of ACC and may arise from numerous sources, including litigation or regulatory actions, failing to deliver minimum standards of service and quality, compliance failures, any perceived or actual weaknesses in ACC’s financial
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strength or liquidity, technological, cybersecurity, or other security breaches resulting in improper disclosure of client or employee personal information, unethical behavior and the misconduct of employees of our affiliates, AFSI’s advisors and counterparties. Negative perceptions or publicity regarding these matters could damage ACC’s or its affiliates’ reputation among existing and potential customers, investors, employees of our affiliates and affiliated advisors. Adverse developments with respect to the financial industry may also, by association, negatively impact ACC’s reputation or result in greater regulatory or legislative scrutiny or litigation against ACC.
ACC’s reputation is also dependent on its continued identification of and mitigation against conflicts of interest, including those relating to the activities of its affiliated entities. For example, conflicts may arise between ACC’s position as a manufacturer of certificate products and the position of an ACC affiliate, AFSI, as the distributor of these products. ACC and its affiliated entities have procedures and controls in place that are designed to address conflicts of interest. However, identifying and appropriately dealing with conflicts of interest is complex and ACC’s reputation could be damaged if it fails, or appears to fail, to deal appropriately with conflicts of interest. In addition, the SEC and other federal and state regulators have increased their scrutiny of potential conflicts of interest. It is possible that potential or perceived conflicts could give rise to litigation or enforcement actions. It is also possible that the regulatory scrutiny of, and litigation in connection with, conflicts of interest will make ACC’s clients less willing to enter into transactions in which such a conflict may occur, and will adversely affect ACC’s business.
Failure of ACC’s service providers to perform their responsibilities could adversely affect ACC’s business.
ACC’s business operations, including investment management, transfer agent, custody and distribution services, are performed by affiliated service providers, or in some cases their subcontractors, pursuant to formal contracts. The failure of a service provider to fulfill its responsibilities could have an adverse effect on ACC’s financial condition and results of operations that could be material.
Changes in corporate tax laws and regulations and in the interpretation of such laws and regulations, as well as adverse determinations regarding the application of such laws and regulations, could adversely affect ACC’s earnings.
ACC is subject to the income tax laws of the U.S., its states and municipalities. These tax laws are complex and may be subject to different interpretations. ACC must make judgments and interpretations about the application of these inherently complex tax laws when determining the provision for income taxes and must also make estimates about when in the future certain items affect taxable income in the various tax jurisdictions. Disputes over interpretations of the tax laws may be settled with the taxing authority upon examination or audit. In addition, changes to the Internal Revenue Code, administrative rulings or court decisions could increase ACC’s provision for income taxes and reduce ACC’s earnings.
It is possible there will be corporate tax reform in the next few years. While impossible to predict, corporate tax reform is likely to include a reduction in the corporate tax rate coupled with reductions in tax preferred items. Potential tax reform may also affect the U.S. tax rules regarding international operations. Any changes could have a material impact on ACC’s income tax expense and deferred tax balances.
The occurrence of natural or man-made disasters and catastrophes could adversely affect the results of operations and financial condition of ACC.
The occurrence of natural disasters and catastrophes, including earthquakes, hurricanes, floods, tornadoes, fires, blackouts, severe winter weather, explosions, pandemic disease and man-made disasters, including acts of terrorism, insurrections and military actions, could adversely affect the results of operations or financial condition of ACC. Such disasters and catastrophes may impact ACC directly by damaging its facilities, preventing employees of our affiliates from performing their roles or otherwise disturbing its ordinary business operations. These impacts could be particularly severe to the extent they affect ACC’s computer-based data processing, transmission, storage and retrieval systems and destroy or release valuable data. Such disasters and catastrophes may also impact ACC indirectly by changing the condition and behaviors of its customers, business counterparties and regulators, as well as by causing declines or volatility in the economic and financial markets, which could in turn have an adverse effect on ACC’s investment portfolio.
ACC cannot predict the timing and frequency with which natural and man-made disasters and catastrophes may occur, nor can ACC predict the impact that changing climate conditions may have on the frequency and severity of natural disasters or on overall economic stability and sustainability. As such, ACC cannot be sure that its actions to identify and mitigate the risks associated with such disasters and catastrophes will be effective.
ACC’s operational systems and networks have been and will continue to be, subject to evolving cybersecurity or other technological risks, which could result in the disclosure of confidential client information, loss of ACC’s proprietary information, damage to ACC’s reputation, additional costs to ACC, regulatory penalties and other adverse impacts.
The business of ACC and its affiliates is reliant upon internal and third-party personnel and technology systems and networks to process, transmit and store information, including sensitive client and proprietary information, and to conduct business activities and transactions with clients, AFSI’s advisors, vendors and other third parties. Maintaining the integrity of these systems and networks is critical to the success of ACC’s business operations, including our reputation, the retention of clients, and to the protection of ACC’s proprietary information and ACC’s clients’ personal information. To date, neither ACC nor its affiliates have experienced any material breaches of nor interference with these centrally controlled systems and networks, however, ACC and its affiliates routinely
9
encounter and address such threats. For example, the cybersecurity and technological threats experienced by ACC and its affiliates have included phishing scams, account takeovers, distributed denial of service attacks, introductions of malware, attempts at electronic break-ins and the submission of fraudulent payment requests. Any such breaches or interference (including attempted breaches or interferences) by third parties or by employees of our affiliates (as well as AFSI’s independent franchisee advisors) that may occur in the future could have a material adverse impact on ACC’s business, reputation, financial condition or results of operations.
ACC and its affiliates have implemented and maintain security measures designed to protect against breaches of corporate security and other interference with corporate systems and networks resulting from attacks by third-parties, including hackers, and from employee error or malfeasance. ACC’s affiliates have implemented policies that require AFSI’s independent franchisee advisors who locally control their own technology operations to do the same. ACC and its affiliates also contractually require third party vendors, who in the provision of services to ACC and its affiliates are provided with access to systems and information pertaining to ACC’s business or its clients, to meet certain information security standards. ACC’s affiliates recommend through policies that AFSI’s independent franchisee advisors do the same. The increasing reliance on technology systems and networks and the occurrence and potential adverse impact of attacks on such systems and networks, both generally and in the financial services industry, have enhanced government and regulatory scrutiny of the measures taken by companies to protect against cybersecurity threats. As these threats, and government and regulatory oversight of associated risks, continue to evolve, ACC may be required to expend additional resources to enhance or expand upon the security measures ACC and its affiliates (as well as certain parties we do not control) currently maintain.
Despite the measures ACC and its affiliates have taken and may in the future take to address and mitigate these risks, ACC cannot assure that the systems and networks of ACC and its affiliates will not be subject to attacks, breaches or interference. Nor can ACC assure that parties its affiliates do not control will do what ACC recommends in this regard. Any such event may result in operational disruptions as well as unauthorized access to or the disclosure or loss of ACC’s proprietary information or ACC’s clients’ personal information, which in turn may result in legal claims, regulatory scrutiny and liability, reputational damage, the incurrence of costs to eliminate or mitigate further exposure, the loss of clients or other damage to ACC’s business. Even if ACC successfully protects its technology infrastructure and the confidentiality of sensitive data, ACC may incur significant expenses in connection with the responses to any such attacks as well as the adoption, implementation and maintenance of appropriate security measures. ACC could also suffer harm to its business and reputation if attempted security breaches are publicized regardless of whether or not harm was actually done to any client or client information. ACC cannot be certain that advances in criminal capabilities, discovery of new vulnerabilities, attempts to exploit vulnerabilities in ACC’s systems or third-party systems ACC uses, data thefts, physical system or network break-ins or inappropriate access, or other developments will not compromise or breach the technology or other security measures protecting the networks used in connection with ACC’s products and services.
Protection from system interruptions and operating errors is important to ACC’s business. If ACC experiences a sustained interruption to ACC’s telecommunications or data processing systems, or other failure in operational execution, it could harm ACC’s business.
Operating errors and system or network interruptions could delay and disrupt ACC’s ability to develop, deliver or maintain products and services, or to operate compliance or risk management functions, causing harm to ACC’s business and reputation and resulting in loss of clients or revenue. Interruptions could be caused by operational failures arising from service provider or employee error or malfeasance, interference by third parties, including hackers, ACC’s implementation of new technology, as well as from maintenance of existing technology. ACC’s financial, accounting, data processing or other operating systems and facilities may fail to operate or report data properly, experience connectivity disruptions or otherwise become disabled as a result of events that are wholly or partially beyond ACC’s control, adversely affecting ACC’s ability to process transactions or provide products and services to clients. These interruptions can include fires, floods, earthquakes and other natural disasters, power losses, equipment failures, attacks by third parties, failures of internal or vendor personnel, software, equipment or systems and other events beyond ACC’s control. Further, ACC faces the risk of operational failure (including, without limitation, failure caused by an inaccuracy, untimeliness or other deficiency in data reporting), termination or capacity constraints of any of the clearing agents, exchanges, clearing houses or other financial intermediaries that ACC uses to facilitate or are component providers to ACC’s securities transactions and other product manufacturing and distribution activities. Any such failure, termination or constraint could adversely impact ACC’s ability to effect transactions, service clients, manage exposure to risk, or otherwise achieve desired outcomes.
Risk management policies and procedures may not be fully effective in identifying or mitigating risk exposure in all market environments or against all types of risk, including employee and financial advisor misconduct.
ACC has devoted significant resources to develop risk management policies and procedures and will continue to do so. Nonetheless, ACC’s policies and procedures to identify, monitor and manage risks may not be fully effective in mitigating ACC’s risk exposure in all market environments or against all types of risk. Many of ACC’s methods of managing risk and exposures are based upon observed historical market behavior or statistics based on historical models. During periods of market volatility or due to unforeseen events, the historically derived correlations upon which these methods are based may not be valid. As a result, these methods may not accurately predict future exposures, which could be significantly greater than what ACC’s models indicate. This could cause ACC to incur investment losses or cause ACC’s hedging and other risk management strategies to
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be ineffective. Other risk management methods depend upon the evaluation of information regarding markets, clients, catastrophe occurrence or other matters that are publicly available or otherwise accessible to ACC, which may not always be accurate, complete, up-to-date or properly evaluated.
Moreover, ACC is subject to the risks of errors and misconduct by employees of our affiliates and AFSI’s financial advisors, such as fraud, non-compliance with policies, recommending transactions that are not suitable, and improperly using or disclosing confidential information. These risks are difficult to detect in advance and deter, and could harm ACC’s business, results of operations or financial condition. ACC is further subject to the risk of nonperformance or inadequate performance of contractual obligations by third-party vendors of products and services that are used in ACC’s businesses. Management of operational, legal and regulatory risks requires, among other things, policies and procedures to record properly and verify a large number of transactions and events, and these policies and procedures may not be fully effective in mitigating ACC’s risk exposure in all market environments or against all types of risk. Insurance and other traditional risk-shifting tools may be held by or available to ACC in order to manage certain exposures, but they are subject to terms such as deductibles, coinsurance, limits and policy exclusions, as well as risk of counterparty denial of coverage, default or insolvency.
Item 1B. Unresolved Staff Comments
None.
Item 2. Properties
ACC occupies office space in Minneapolis, Minnesota, which is leased or owned by Ameriprise Financial or a subsidiary thereof.
Item 3. Legal Proceedings
For a discussion of any material legal proceedings, see Note 13 to ACC’s Consolidated Financial Statements included in Part II, Item 8 of this Annual Report on Form 10-K, which are incorporated herein by reference.
Item 4. Mine Safety Disclosures
Not applicable.
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
All of ACC’s outstanding common stock is owned by Ameriprise Financial. There is no established public trading market for ACC’s common stock.
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Frequency and amount of capital transactions with Ameriprise Financial during the past two years were (in millions):
Dividends/ Returns of Capital Paid to Ameriprise Financial | Receipt of Capital from Ameriprise Financial | ||||||
For the year ended December 31, 2016 | |||||||
January 29, 2016 | $ | — | $ | 5 | |||
March 31, 2016 | — | 7 | |||||
May 31, 2016 | — | 3 | |||||
June 30, 2016 | — | 4 | |||||
August 31, 2016 | — | 1 | |||||
September 30, 2016 | — | 5 | |||||
October 31, 2016 | — | 1 | |||||
November 30, 2016 | — | 3 | |||||
December 30, 2016 | — | 4 | |||||
Total | $ | — | $ | 33 | |||
For the year ended December 31, 2015 | |||||||
March 30, 2015 | 5 | — | |||||
June 29, 2015 | 5 | — | |||||
August 31, 2015 | — | 3 | |||||
October 30, 2015 | — | 5 | |||||
December 31, 2015 | — | 5 | |||||
Total | $ | 10 | $ | 13 | |||
Restriction on ACC’s present or future ability to pay dividends to Ameriprise Financial:
Appropriated retained earnings resulting from the pre-declaration of additional credits to ACC’s certificate product owners are not available for the payment of dividends by ACC. In addition, ACC will discontinue issuance of certificates subject to the pre-declaration of additional credits and will make no further pre-declaration as to outstanding certificates if at any time the calculation of ACC’s capital and unappropriated retained earnings should be less than 5% of certificate reserves (less outstanding certificate loans).
Item 6. Selected Financial Data
Item omitted pursuant to General Instructions (I)(2)(a) of Form 10-K.
Item 7. Management’s Narrative Analysis
The following information should be read in conjunction with the accompanying audited consolidated financial statements and related notes included elsewhere in this report. The following discussion may contain forward-looking statements that reflect Ameriprise Certificate Company’s (“ACC”) plans, estimates and beliefs. ACC’s actual results could differ materially from those discussed in these forward-looking statements. Factors that could cause or contribute to these differences include, but are not limited to, those discussed below under the heading “Forward-Looking Statements” and elsewhere in this report, particularly in “Item 1A-Risk Factors.” Management’s narrative analysis is presented pursuant to General Instructions I(2)(a) of Form 10-K in lieu of Management’s Discussion and Analysis of Financial Condition and Results of Operations.
Recent Accounting Pronouncements and Significant Accounting Policies
For information regarding recent accounting pronouncements and their expected impact on ACC’s future results of operations or financial condition and significant accounting policies, see Note 1 to ACC’s consolidated financial statements beginning on page F-9 of this Annual Report on Form 10-K.
Results of Operations
ACC’s net income is derived primarily from the after-tax yield on investments and realized investment gains (losses), less investment expenses and interest credited on certificate reserve liabilities. Net income trends occur largely due to changes in returns on ACC’s investment portfolio, from realization of investment gains (losses) and from changes in interest credited to certificate products. ACC follows U.S. generally accepted accounting principles (“GAAP”).
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Net income increased $5.6 million, or 25%, to $28.3 million for the year ended December 31, 2016 compared to $22.7 million for the prior year primarily due to an increase in investment income and realized gains on investments in the current year compared to realized losses in the prior year, partially offset by an increase in net provision for certificate reserves, investment expenses and higher income tax expense.
Investment income increased $25.1 million, or 28%, to $115.7 million for the year ended December 31, 2016 compared to $90.6 million for the prior year reflecting higher average investment balances due to certificate net inflows and an increase in the invested assets rate.
Investment expenses increased $5.0 million, or 18%, to $32.7 million for the year ended December 31, 2016 compared to $27.7 million for the prior year period primarily due to higher distribution and investment advisory fees.
Net provision for certificate reserves increased $10.3 million, or 38%, to $37.4 million for the year ended December 31, 2016 compared to $27.1 million for the prior year primarily due to higher average certificate balances due to certificate net inflows and higher client crediting rates.
Net realized gain on investments before income taxes was $0.3 million for the year ended December 31, 2016 compared to a net realized loss on investments of $2.2 million for the prior year. Included in net realized investment gains for the year ended December 31, 2016 were net realized gains from sales, tenders and calls of Available-for-Sale securities of $1.1 million and a gain of $0.3 million from a restructured syndicated loan, which were partially offset by syndicated loan loss reserve of $1.0 million and other-than-temporary impairments of $0.1 million. Net realized loss on investments for the prior year included other-than-temporary impairments of $1.6 million, syndicated loan loss reserve of $0.5 million, and net realized losses from sales, tenders and calls of Available-for-Sale securities of $0.1 million. The other-than-temporary impairments for both years related to credit losses on non-agency residential mortgage backed securities.
The effective tax rate was 38.2% for the year ended December 31, 2016 compared to 32.6% for the year ended December 31, 2015. The higher effective rate for the year ended December 31, 2016 compared to 2015 is primarily due to the decrease of uncertain tax positions related to certain state income tax items in 2015.
Fair Value Measurements
ACC reports certain assets and liabilities at fair value; specifically derivatives, embedded derivatives, and most investments and cash equivalents. Fair value assumes the exchange of assets or liabilities occurs in orderly transactions. Companies are not permitted to use market prices that are the result of a forced liquidation or distressed sale. ACC includes actual market prices or observable inputs in its fair value measurements to the extent available. Non-binding broker quotes are obtained when quotes from third-party pricing services are not available. ACC validates prices obtained from third parties through a variety of means such as: price variance analysis, subsequent sales testing, stale price review, price comparison across pricing vendors and due diligence reviews of vendors. See Note 8 to ACC’s Consolidated Financial Statements for additional information regarding ACC’s fair value measurements.
Forward-Looking Statements
This report contains forward-looking statements that reflect management’s plans, estimates and beliefs. Actual results could differ materially from those described in these forward-looking statements. The words “believe,” “expect,” “anticipate,” “optimistic,” “intend,” “plan,” “aim,” “will,” “may,” “should,” “could,” “would,” “likely,” “forecast,” “on pace,” “project” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors, which could cause actual results, performance or achievements to differ materially from expected results, performance or achievements. These statements are not guarantees or indicative of future performance. Important assumptions and other important factors that could cause actual results to differ materially from those forward-looking statements include, but are not limited to, those factors, risks and uncertainties described in “Item 1A-Risk Factors” and elsewhere in this Annual Report on Form 10-K. ACC’s future financial condition and results of operations, as well as any forward-looking statements contained in this report, are made only as of the date hereof. ACC undertakes no obligation to update or revise any forward-looking statements.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
ACC has three principal components of market risk: interest rate risk, equity price risk, and credit risk. Interest rate risk results from investing in assets that are somewhat longer and reset less frequently than the liabilities they support. ACC manages interest rate risk through the use of a variety of tools that from time to time include derivative instruments, such as interest rate swaps, caps, and floors, which change the interest rate characteristics of client liabilities or investment assets. Due to certain provisions for certificates being impacted by the value of equity indices, from time to time ACC enters into risk management strategies that may include the use of equity derivative instruments, such as equity options, to mitigate ACC’s exposure to volatility in the equity markets.
Ameriprise Financial’s Financial Risk Management Committee (“FRMC”), which is comprised of senior managers, holds regularly scheduled meetings to review models projecting various interest rate scenarios and risk/return measures and their effect on various portfolios managed by Columbia Management Investment Advisers, LLC, a wholly owned subsidiary of Ameriprise Financial,
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including that of ACC. ACC’s Board of Directors has appointed FRMC as the investment committee of ACC. FRMC’s objectives are to structure ACC’s portfolio of investment securities based upon the type and behavior of the certificates in the certificate reserve liabilities, to achieve targeted levels of profitability within defined risk parameters and to meet certificate contractual obligations.
ACC primarily invests in mortgage and asset backed securities and intermediate term corporate debt securities to provide its certificate owners with a competitive rate of return on their certificates while managing risk. These investments provide ACC with a historically dependable and targeted margin between the interest rate earned on investments and the interest rate credited to certificate owners’ accounts. ACC does not invest in securities to generate short-term trading profits for its own account.
To evaluate interest rate and equity price risk, ACC performs sensitivity testing which measures the impact on pretax income from the sources listed below for a 12 month period following a hypothetical 100 basis point increase in interest rates and a hypothetical 10% decline in equity prices. The interest rate risk test assumes a sudden 100 basis point parallel shift in the yield curve, with rates then staying at those levels for the next 12 months. The equity price risk test assumes a sudden 10% drop in equity prices, with equity prices then staying at those levels for the next 12 months. In estimating the values of stock market certificates, ACC assumes no change in implied market volatility despite the 10% drop in equity prices.
The following tables present ACC’s estimate of the pretax impact of these hypothetical market movements as of December 31, 2016:
Interest Rate Increase 100 Basis Points | Interest Rate Exposure to Pretax Income | |||||||||
Before Hedge Impact | Hedge Impact | Net Impact | ||||||||
(in thousands) | ||||||||||
Certificates | $ | (10,524 | ) | N/A | $ | (10,524 | ) | |||
N/A Not Applicable. | ||||||||||
Equity Price Decline 10% | Equity Price Exposure to Pretax Income | |||||||||||
Before Hedge Impact | Hedge Impact | Net Impact | ||||||||||
(in thousands) | ||||||||||||
Certificates | $ | 2,837 | $ | (2,788 | ) | $ | 49 | |||||
The above results compare to an estimated negative impact to pretax income of $468 thousand related to a 100 basis point increase in interest rates and an estimated positive impact of $71 thousand related to a 10% equity price decline at December 31, 2015. The change in the impact from a 100 basis point increase in interest rates compared to the prior year was primarily driven by crediting rate sensitivity due to the higher short-term interest rate environment and growth in shorter term products.
Actual results could differ materially from those illustrated above as they are based on a number of estimates and assumptions. These include assuming that implied market volatility does not change when equity prices fall by 10%, the composition of invested assets and liabilities does not change in the 12 month period following the hypothetical market decline and that the 100 basis point increase in interest rates is a parallel shift in the yield curve. Furthermore, ACC has not tried to anticipate changes in client preferences for different types of assets or other changes in client behavior, nor has ACC tried to anticipate actions management might take to increase revenues or reduce expenses in these scenarios.
The selection of a 100 basis point interest rate increase and a 10% equity price decline should not be construed as a prediction of future market events. Impacts of larger or smaller changes in interest rates or equity prices may not be proportional to those shown for a 100 basis point increase in interest rates or a 10% decline in equity prices.
ACC has interest rate risk from its Flexible Savings and other fixed rate certificates. These products are investment certificates generally ranging in amounts from $1,000 to $2 million with interest crediting rate terms ranging from three to 48 months. ACC guarantees an interest rate to the holders of these products. Payments collected from clients are primarily invested in fixed income securities to fund the client credited rate with the spread between the rate earned from investments and the rate credited to clients recorded as earned income. Client liabilities and investment assets generally differ as it relates to basis, repricing or maturity characteristics. Rates credited to clients generally reset at shorter intervals than the yield on underlying investments. This exposure is not currently hedged although ACC monitors its investment strategy and makes modifications based on changing liabilities and the expected interest rate environment. ACC had $5.4 billion in reserves included in certificate reserves on the Consolidated Balance Sheet at December 31, 2016 to cover the liabilities associated with these products. ACC also has interest rate risk from its SRC product, which was not material as of December 31, 2016.
ACC has equity price risk from its stock market certificates. Stock market certificates are purchased for amounts generally from $1,000 to $2 million for terms of 52 weeks, 104 weeks or 156 weeks which can be extended to a maximum of 15 years depending on the term. For each term the certificate holder can choose to participate 100% in any percentage increase in the S&P 500 Index® up to a maximum return or choose partial participation in any increase in the S&P 500 Index plus a fixed rate of interest guaranteed in advance. If partial participation is selected, the total of equity-linked return and guaranteed rate of interest cannot exceed the
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maximum return. ACC had $555.3 million in reserves included in certificate reserves on the Consolidated Balance Sheets at December 31, 2016 to cover the liabilities associated with these products.
The equity-linked return to investors creates equity price risk exposure. ACC seeks to minimize this exposure with purchased futures and call spreads that replicate what ACC must credit to client accounts. This risk continues to be fully hedged.
Stock market certificates have interest rate risk as changes in interest rates affect the fair value of the payout to be made to the certificate holder. This risk is immaterial and not currently hedged.
Credit Risk
ACC is exposed to credit risk within its investment portfolio, including its loan portfolio, and through derivative counterparties. Credit risk relates to the uncertainty of an obligor’s continued ability to make timely payments in accordance with the contractual terms of the instrument or contract. ACC considers its total potential credit exposure to each counterparty and its affiliates to ensure compliance with pre-established credit guidelines at the time it enters into a transaction which would potentially increase ACC’s credit risk. These guidelines and oversight of credit risk are managed through ACC’s comprehensive enterprise risk management program that includes members of senior management.
ACC manages the risk of credit-related losses in the event of nonperformance by counterparties by applying disciplined fundamental credit analysis and underwriting standards, prudently limiting exposures to lower-quality, higher-yielding investments, and diversifying exposures by issuer, industry, region and underlying investment type. ACC remains exposed to occasional adverse cyclical economic downturns during which default rates may be significantly higher than the long-term historical average used in pricing.
ACC manages its credit risk related to over-the-counter derivatives by entering into transactions with creditworthy counterparties, maintaining collateral arrangements and through the use of master netting arrangements that provide for a single net payment to be made by one counterparty to another at each due date and upon termination. Generally, ACC’s current credit exposure on over-the-counter derivative contracts is limited to a derivative counterparty’s net positive fair value of derivative contracts after taking into consideration the existence of netting arrangements and any collateral received. This exposure is monitored and managed to an acceptable threshold level.
Item 8. Financial Statements and Supplementary Data
See Index to Consolidated Financial Statements and Schedules on page F-1 hereof.
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
None.
Item 9A. Controls and Procedures
Disclosure Controls and Procedures
ACC maintains disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) designed to provide reasonable assurance that the information required to be reported in the Exchange Act filings is recorded, processed, summarized and reported within the time periods specified in and pursuant to SEC regulations, including controls and procedures designed to ensure that this information is accumulated and communicated to ACC’s management, including its Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding the required disclosure. It should be noted that, because of inherent limitations, ACC’s disclosure controls and procedures, however well designed and operated, can provide only reasonable, and not absolute, assurance that the objectives of the disclosure controls and procedures are met.
ACC’s management, under the supervision and with the participation of its Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of ACC’s disclosure controls and procedures as of the end of the period covered by this report. Based upon that evaluation, ACC’s Chief Executive Officer and Chief Financial Officer have concluded that ACC’s disclosure controls and procedures were effective at a reasonable level of assurance as of December 31, 2016.
Changes in Internal Control over Financial Reporting
There have not been any changes in ACC’s internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the fourth fiscal quarter of the year to which this report relates that have materially affected, or are reasonably likely to materially affect, ACC’s internal control over financial reporting.
Item 9B. Other Information
None.
PART III
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Item 10. Directors, Executive Officers and Corporate Governance
Item omitted pursuant to General Instructions (I)(2)(c) of Form 10-K.
Item 11. Executive Compensation
Item omitted pursuant to General Instructions (I)(2)(c) of Form 10-K.
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Item omitted pursuant to General Instructions (I)(2)(c) of Form 10-K.
Item 13. Certain Relationships and Related Transactions, and Director Independence
Item omitted pursuant to General Instructions (I)(2)(c) of Form 10-K.
Item 14. Principal Accountant Fees and Services
The Board of Directors of ACC, at the recommendation of its Audit Committee, has appointed PricewaterhouseCoopers LLP (“PwC”) as independent registered public accountants to audit the consolidated financial statements of ACC for the years ended December 31, 2016, 2015 and 2014.
Audit Fees
The aggregate fees billed or to be billed by PwC for each of the last two years for professional services rendered for the audit of ACC’s annual consolidated financial statements and services that were provided in connection with statutory and regulatory filings were $145,000 for both 2016 and 2015.
Audit-Related Fees, Tax Fees, All Other Fees
ACC was not billed by PwC for any fees for audit-related services, tax fees or any other fees for 2016 or 2015.
Policy on Pre-Approval of Services Provided by Independent Registered Public Accountants
Pursuant to the requirements of the Sarbanes-Oxley Act of 2002, the terms of the engagement of PwC are subject to the specific pre-approval of the Audit Committee of Ameriprise Financial. All audit and permitted non-audit services to be performed by PwC for ACC require pre-approval by the Audit Committee of Ameriprise Financial in accordance with pre-approval procedures established by the Audit Committee of Ameriprise Financial. The procedures require all proposed engagements of PwC for services to ACC of any kind to be directed to the General Auditor of Ameriprise Financial and then submitted for approval to the Audit Committee of Ameriprise Financial prior to the beginning of any services.
In addition, the charter of ACC’s Audit Committee requires pre-approval of any engagement, including the fees and other compensation, of PwC (1) to provide any services to ACC and prohibits the performance of certain specified non-audit services, and (2) to provide any non-audit services to Ameriprise Financial or any affiliate of Ameriprise Financial that controls, is controlled by, or under common control with Ameriprise Financial if the engagement relates directly to the operations and financial reporting of ACC. Certain exceptions apply to the pre-approval requirement.
In 2016 and 2015, 100% of the services provided by PwC for ACC were pre-approved by the Audit Committee of Ameriprise Financial.
PART IV
Item 15. Exhibits and Financial Statement Schedules
(a) | 1. | Financial Statements: |
See Index to Consolidated Financial Statements and Schedules on page F-1 hereof. | ||
2. | Consolidated Financial Statement Schedules: | |
See Index to Consolidated Financial Statements and Schedules on page F-1 hereof. | ||
3. | Exhibits: | |
See Exhibit Index on page E-1 hereof. | ||
Item 16. Form 10-K Summary
None
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Signatures
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
AMERIPRISE CERTIFICATE COMPANY
Registrant
Date: February 23, 2017
By /s/ Abu M. Arif
——————————————————————————
Abu M. Arif
Director, President and Chief Executive Officer
(Principal Executive Officer)
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacity and on the dates indicated.
Date: February 23, 2017
By /s/ Abu M. Arif
——————————————————————————
Abu M. Arif
Director, President and Chief Executive Officer
(Principal Executive Officer)
Date: February 23, 2017
By /s/ Janet C. Langner
——————————————————————————
Janet C. Langner
Vice President and Chief Financial Officer
(Principal Financial Officer)
Date: February 23, 2017
By /s/ David K. Stewart
——————————————————————————
David K. Stewart
Senior Vice President, Controller and Chief Accounting Officer
(Principal Accounting Officer)
Date: February 23, 2017
By /s/ Jean B. Keffeler*
——————————————————————————
Jean B. Keffeler
Director
Date: February 23, 2017
By /s/ Karen M. Bohn*
——————————————————————————
Karen M. Bohn
Director
Date: February 23, 2017
By /s/ Lorna P. Gleason*
——————————————————————————
Lorna P. Gleason
Director
Date: February 23, 2017
By /s/ Robert McReavy*
——————————————————————————
Robert McReavy
Director
*By /s/ Abu M. Arif
——————————————————————————
Abu M. Arif
Executed by Abu M. Arif on behalf of Jean B. Keffeler, Karen M. Bohn, Lorna P. Gleason and Robert McReavy pursuant to a Power of Attorney, dated March 2, 2016, filed electronically herewith as Exhibit 24(a) to Registrant’s Form 10-K.
17
AMERIPRISE CERTIFICATE COMPANY
Index to Consolidated Financial Statements and Schedules
Consolidated Financial Statements:
Page | |||
Part I. Financial Information | |||
Report of Independent Registered Public Accounting Firm | |||
Consolidated Statements of Operations — Years Ended December 31, 2016, 2015 and 2014 | |||
Consolidated Statements of Comprehensive Income — Years Ended December 31, 2016, 2015 and 2014 | |||
Consolidated Balance Sheets — December 31, 2016 and 2015 | |||
Consolidated Statements of Shareholder’s Equity — Years Ended December 31, 2016, 2015 and 2014 | |||
Consolidated Statements of Cash Flows — Years Ended December 31, 2016, 2015 and 2014 | |||
Notes to Consolidated Financial Statements | |||
1. Basis of Presentation, Summary of Significant Accounting Policies and Recent Accounting Pronouncements | |||
2. Deposit of Assets and Maintenance of Qualified Assets | |||
3. Investments | |||
4. Commercial Mortgage, Syndicated and Certificate Loans | |||
5. Certificate Reserves | |||
6. Regulation and Dividend Restrictions | |||
7. Related Party Transactions | |||
8. Fair Values of Assets and Liabilities | |||
9. Offsetting Assets and Liabilities | |||
10. Derivatives and Hedging Activities | |||
11. Shareholder’s Equity | |||
12. Income Taxes | |||
13. Contingencies | |||
Part II. Consolidated Financial Schedules | |||
Schedule I — Investments in Securities of Unaffiliated Issuers | |||
Schedule III — Mortgage Loans on Real Estate and Interest Earned on Mortgages | |||
Schedule V — Qualified Assets on Deposit | |||
Schedule VI — Certificate Reserves | |||
Schedule VII — Valuation and Qualifying Accounts | |||
All other Schedules required by Article 6 of Regulation S-X are not required under the related instructions or are inapplicable and therefore have been omitted.
Report of Independent Registered Public Accounting Firm
To the Board of Directors and Shareholder of Ameriprise Certificate Company:
In our opinion, the consolidated financial statements listed in the accompanying index present fairly, in all material respects, the financial position of Ameriprise Certificate Company and its subsidiary (the “Company”) as of December 31, 2016 and December 31, 2015, and the results of their operations and their cash flows for each of the three years in the period ended December 31, 2016 in conformity with accounting principles generally accepted in the United States of America. In addition, in our opinion, the consolidated financial statement schedules listed in the accompanying index present fairly, in all material respects, the information set forth therein when read in conjunction with the related consolidated financial statements. These financial statements and financial statement schedules are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements and financial statement schedules based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
/s/ PricewaterhouseCoopers LLP
Minneapolis, Minnesota
February 23, 2017
F-2
AMERIPRISE CERTIFICATE COMPANY
Consolidated Statements of Operations
Years Ended December 31, | |||||||||||
2016 | 2015 | 2014 | |||||||||
(in thousands) | |||||||||||
Investment Income: | |||||||||||
Interest income from unaffiliated investments: | |||||||||||
Available-for-Sale securities | $ | 104,911 | $ | 82,203 | $ | 80,313 | |||||
Syndicated loans and commercial mortgage loans | 7,866 | 7,126 | 6,042 | ||||||||
Certificate loans | 32 | 48 | 58 | ||||||||
Dividends | 78 | 156 | 261 | ||||||||
Other | 2,770 | 1,114 | 1,296 | ||||||||
Total investment income | 115,657 | 90,647 | 87,970 | ||||||||
Investment Expenses: | |||||||||||
Ameriprise Financial and affiliated company fees: | |||||||||||
Distribution | 14,221 | 11,671 | 11,113 | ||||||||
Investment advisory and services | 12,347 | 10,324 | 10,482 | ||||||||
Transfer agent | 5,443 | 4,829 | 5,252 | ||||||||
Depository | 73 | 61 | 48 | ||||||||
Other | 636 | 831 | 1,015 | ||||||||
Total investment expenses | 32,720 | 27,716 | 27,910 | ||||||||
Net investment income before provision for certificate reserves and income taxes | 82,937 | 62,931 | 60,060 | ||||||||
Provision for Certificate Reserves: | |||||||||||
According to the terms of the certificates: | |||||||||||
Provision for certificate reserves | 416 | 636 | 844 | ||||||||
Interest on additional credits | 6 | 24 | 40 | ||||||||
Additional credits/interest authorized by ACC | 37,852 | 27,093 | 26,026 | ||||||||
Total provision for certificate reserves before reserve recoveries | 38,274 | 27,753 | 26,910 | ||||||||
Reserve recoveries from terminations prior to maturity | (838 | ) | (675 | ) | (617 | ) | |||||
Net provision for certificate reserves | 37,436 | 27,078 | 26,293 | ||||||||
Net investment income before income taxes | 45,501 | 35,853 | 33,767 | ||||||||
Income tax expense | 17,376 | 11,753 | 11,495 | ||||||||
Net investment income | 28,125 | 24,100 | 22,272 | ||||||||
Net realized gain (loss) on investments: | |||||||||||
Securities of unaffiliated issuers before income tax expense (benefit) | 311 | (2,198 | ) | 570 | |||||||
Income tax expense (benefit) | 109 | (769 | ) | 199 | |||||||
Net realized gain (loss) on investments | 202 | (1,429 | ) | 371 | |||||||
Net income | $ | 28,327 | $ | 22,671 | $ | 22,643 | |||||
Supplemental Disclosures: | |||||||||||
Total other-than-temporary impairment losses on securities | $ | — | $ | — | $ | (173 | ) | ||||
Portion of loss recognized in other comprehensive income (loss) (before taxes) | (106 | ) | (1,556 | ) | (509 | ) | |||||
Net impairment losses recognized in net realized gain (loss) on investments | $ | (106 | ) | $ | (1,556 | ) | $ | (682 | ) | ||
See Notes to Consolidated Financial Statements. | |||||||||||
F-3
AMERIPRISE CERTIFICATE COMPANY
Consolidated Statements of Comprehensive Income
Years Ended December 31, | |||||||||||
2016 | 2015 | 2014 | |||||||||
(in thousands) | |||||||||||
Net income | $ | 28,327 | $ | 22,671 | $ | 22,643 | |||||
Other comprehensive income (loss), net of tax: | |||||||||||
Net unrealized gains (losses) on securities: | |||||||||||
Net unrealized securities gains (losses) arising during the period | 14,298 | (15,884 | ) | (460 | ) | ||||||
Reclassification of net securities (gains) losses included in net income | (655 | ) | 1,104 | (427 | ) | ||||||
Total other comprehensive income (loss), net of tax | 13,643 | (14,780 | ) | (887 | ) | ||||||
Total comprehensive income | $ | 41,970 | $ | 7,891 | $ | 21,756 | |||||
See Notes to Consolidated Financial Statements. | |||||||||||
F-4
AMERIPRISE CERTIFICATE COMPANY
Consolidated Balance Sheets
December 31, | |||||||
2016 | 2015 | ||||||
(in thousands, except share data) | |||||||
ASSETS | |||||||
Qualified Assets | |||||||
Investments in unaffiliated issuers: | |||||||
Cash and cash equivalents | $ | 134,189 | $ | 137,557 | |||
Available-for-Sale securities: | |||||||
Fixed maturities, at fair value (amortized cost: 2016, $5,966,057; 2015, $4,768,263) | 5,953,701 | 4,734,442 | |||||
Common stocks, at fair value (cost: 2016, $2,448; 2015, $2,273) | 6,609 | 6,237 | |||||
Commercial mortgage loans and syndicated loans, at cost (less allowance for loan losses: 2016, $3,283; 2015, $3,964; fair value: 2016, $176,211; 2015, $195,595) | 173,815 | 196,385 | |||||
Certificate loans – secured by certificate reserves, at cost, which approximates fair value | 549 | 686 | |||||
Total investments | 6,268,863 | 5,075,307 | |||||
Receivables: | |||||||
Dividends and interest | 18,363 | 16,914 | |||||
Investment securities sold | 11,010 | 5,029 | |||||
Other receivables | 371 | 151 | |||||
Total receivables | 29,744 | 22,094 | |||||
Derivative assets | 45,098 | 18,493 | |||||
Total qualified assets | 6,343,705 | 5,115,894 | |||||
Other Assets: | |||||||
Deferred taxes, net | 492 | 1,947 | |||||
Taxes receivable from parent | — | 2,803 | |||||
Due from related party | 31 | 28 | |||||
Total other assets | 523 | 4,778 | |||||
Total assets | $ | 6,344,228 | $ | 5,120,672 | |||
See Notes to Consolidated Financial Statements. | |||||||
F-5
AMERIPRISE CERTIFICATE COMPANY
Consolidated Balance Sheets (continued) | |||||||
December 31, | |||||||
2016 | 2015 | ||||||
(in thousands, except share data) | |||||||
LIABILITIES AND SHAREHOLDER’S EQUITY | |||||||
Liabilities | |||||||
Certificate reserves | |||||||
Installment certificates: | |||||||
Reserves to mature | $ | 13,469 | $ | 15,199 | |||
Additional credits and accrued interest | 3 | 5 | |||||
Fully paid certificates: | |||||||
Reserves to mature | 5,914,356 | 4,816,515 | |||||
Additional credits and accrued interest | 6,871 | 2,831 | |||||
Due to unlocated certificate holders | 352 | 346 | |||||
Total certificate reserves | 5,935,051 | 4,834,896 | |||||
Accounts payable and accrued liabilities: | |||||||
Due to related party | 2,597 | 2,074 | |||||
Taxes payable to parent | 3,505 | — | |||||
Payable for investment securities purchased | 6,969 | 2,304 | |||||
Total accounts payable and accrued liabilities | 13,071 | 4,378 | |||||
Derivative liabilities | 38,319 | 14,932 | |||||
Other liabilities | 31,995 | 15,644 | |||||
Total liabilities | 6,018,436 | 4,869,850 | |||||
Shareholder’s Equity | |||||||
Common shares ($10 par value, 150,000 shares authorized and issued) | 1,500 | 1,500 | |||||
Additional paid-in capital | 247,517 | 214,517 | |||||
Retained earnings: | |||||||
Appropriated for pre-declared additional credits and interest | — | 8 | |||||
Appropriated for additional interest on advance payments | 15 | 15 | |||||
Unappropriated | 81,925 | 53,590 | |||||
Accumulated other comprehensive loss, net of tax | (5,165 | ) | (18,808 | ) | |||
Total shareholder’s equity | 325,792 | 250,822 | |||||
Total liabilities and shareholder’s equity | $ | 6,344,228 | $ | 5,120,672 | |||
See Notes to Consolidated Financial Statements. | |||||||
F-6
AMERIPRISE CERTIFICATE COMPANY
Consolidated Statements of Shareholder’s Equity
Number of Outstanding Shares | Common Shares | Additional Paid-In Capital | Retained Earnings | Accumulated Other Comprehensive Income (Loss), Net of Tax | Total | |||||||||||||||||||||||||
Appropriated for Pre-Declared Additional Credits and Interest | Appropriated for Additional Interest on Advance Payments | Unappropriated | ||||||||||||||||||||||||||||
(in thousands, except share data) | ||||||||||||||||||||||||||||||
Balance at January 1, 2014 | 150,000 | $ | 1,500 | $ | 201,517 | $ | 26 | $ | 15 | $ | 23,258 | $ | (3,141 | ) | $ | 223,175 | ||||||||||||||
Comprehensive income: | ||||||||||||||||||||||||||||||
Net income | — | — | — | — | — | 22,643 | — | 22,643 | ||||||||||||||||||||||
Other comprehensive loss, net of tax | — | — | — | — | — | — | (887 | ) | (887 | ) | ||||||||||||||||||||
Total comprehensive income | 21,756 | |||||||||||||||||||||||||||||
Transfer to appropriated from unappropriated | — | — | — | 32 | — | (32 | ) | — | — | |||||||||||||||||||||
Dividend to parent | — | — | — | — | — | (5,000 | ) | — | (5,000 | ) | ||||||||||||||||||||
Balance at December 31, 2014 | 150,000 | 1,500 | 201,517 | 58 | 15 | 40,869 | (4,028 | ) | 239,931 | |||||||||||||||||||||
Comprehensive income: | ||||||||||||||||||||||||||||||
Net income | — | — | — | — | — | 22,671 | — | 22,671 | ||||||||||||||||||||||
Other comprehensive loss, net of tax | — | — | — | — | — | — | (14,780 | ) | (14,780 | ) | ||||||||||||||||||||
Total comprehensive income | 7,891 | |||||||||||||||||||||||||||||
Transfer to unappropriated from appropriated | — | — | — | (50 | ) | — | 50 | — | — | |||||||||||||||||||||
Dividend to parent | — | — | — | — | — | (10,000 | ) | — | (10,000 | ) | ||||||||||||||||||||
Receipt of capital from parent | — | — | 13,000 | — | — | — | — | 13,000 | ||||||||||||||||||||||
Balance at December 31, 2015 | 150,000 | 1,500 | 214,517 | 8 | 15 | 53,590 | (18,808 | ) | 250,822 | |||||||||||||||||||||
Comprehensive income: | ||||||||||||||||||||||||||||||
Net income | — | — | — | — | — | 28,327 | — | 28,327 | ||||||||||||||||||||||
Other comprehensive income, net of tax | — | — | — | — | — | — | 13,643 | 13,643 | ||||||||||||||||||||||
Total comprehensive income | 41,970 | |||||||||||||||||||||||||||||
Transfer to unappropriated from appropriated | — | — | — | (8 | ) | — | 8 | — | — | |||||||||||||||||||||
Receipt of capital from parent | — | — | 33,000 | — | — | — | — | 33,000 | ||||||||||||||||||||||
Balance at December 31, 2016 | 150,000 | $ | 1,500 | $ | 247,517 | $ | — | $ | 15 | $ | 81,925 | $ | (5,165 | ) | $ | 325,792 | ||||||||||||||
See Notes to Consolidated Financial Statements. | ||||||||||||||||||||||||||||||
F-7
AMERIPRISE CERTIFICATE COMPANY
Consolidated Statements of Cash Flows
Years Ended December 31, | |||||||||||
2016 | 2015 | 2014 | |||||||||
(in thousands) | |||||||||||
Cash Flows from Operating Activities | |||||||||||
Net income | $ | 28,327 | $ | 22,671 | $ | 22,643 | |||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Amortization of premiums, accretion of discounts, net | 24,129 | 28,263 | 30,598 | ||||||||
Deferred income tax provision | 782 | 276 | 154 | ||||||||
Net realized loss (gain) on Available-for-Sale securities | (1,113 | ) | 142 | (1,339 | ) | ||||||
Other net realized loss (gain) | (304 | ) | — | 86 | |||||||
Other-than-temporary impairments and provision for loan loss | 1,106 | 2,056 | 682 | ||||||||
Changes in operating assets and liabilities: | |||||||||||
Dividends and interest receivable | (1,449 | ) | (1,604 | ) | 1,377 | ||||||
Certificate reserves, net | 4,936 | (1,513 | ) | (610 | ) | ||||||
Deferred taxes, net | (7,347 | ) | 7,959 | (55 | ) | ||||||
Taxes payable to/receivable from parent, net | 6,308 | (5,936 | ) | 209 | |||||||
Derivatives, net of collateral | 1,804 | 473 | 3,286 | ||||||||
Other liabilities | 11,329 | (1,965 | ) | 713 | |||||||
Other, net | (682 | ) | 5,294 | 646 | |||||||
Net cash provided by operating activities | 67,826 | 56,116 | 58,390 | ||||||||
Cash Flows from Investing Activities | |||||||||||
Available-for-Sale securities: | |||||||||||
Sales | 8,115 | 8,252 | 26,277 | ||||||||
Maturities, redemptions and calls | 1,627,080 | 1,221,090 | 1,038,583 | ||||||||
Purchases | (2,855,620 | ) | (1,806,502 | ) | (1,329,182 | ) | |||||
Syndicated loans, commercial mortgage loans and real estate owned: | |||||||||||
Sales, maturities and repayments | 54,888 | 28,233 | 28,586 | ||||||||
Purchases and fundings | (34,013 | ) | (71,143 | ) | (47,514 | ) | |||||
Certificate loans, net | 137 | 240 | 293 | ||||||||
Net cash used in investing activities | (1,199,413 | ) | (619,830 | ) | (282,957 | ) | |||||
Cash Flows from Financing Activities | |||||||||||
Payments from certificate holders and other additions | 4,250,052 | 3,138,623 | 2,482,450 | ||||||||
Certificate maturities and cash surrenders | (3,154,833 | ) | (2,508,984 | ) | (2,258,777 | ) | |||||
Capital contribution from parent | 33,000 | 13,000 | — | ||||||||
Dividend/return of capital to parent | — | (10,000 | ) | (5,000 | ) | ||||||
Net cash provided by financing activities | 1,128,219 | 632,639 | 218,673 | ||||||||
Net increase (decrease) in cash and cash equivalents | (3,368 | ) | 68,925 | (5,894 | ) | ||||||
Cash and cash equivalents at beginning of period | 137,557 | 68,632 | 74,526 | ||||||||
Cash and cash equivalents at end of period | $ | 134,189 | $ | 137,557 | $ | 68,632 | |||||
Supplemental disclosures including non-cash transactions: | |||||||||||
Cash paid for income taxes | $ | 12,009 | $ | 13,622 | $ | 1,979 | |||||
Cash paid for interest | 35,338 | 29,182 | 30,645 | ||||||||
See Notes to Consolidated Financial Statements. | |||||||||||
F-8
AMERIPRISE CERTIFICATE COMPANY
Notes to Consolidated Financial Statements
1. Basis of Presentation, Summary of Significant Accounting Policies and Recent Accounting Pronouncements
Nature of Business
Ameriprise Certificate Company (“ACC”), is a wholly owned subsidiary of Ameriprise Financial, Inc. (“Ameriprise Financial” or the “Parent”). ACC is registered as an investment company under the Investment Company Act of 1940 (the “1940 Act”) and is in the business of issuing face-amount investment certificates. Face-amount certificates issued by ACC entitle the certificate owner to receive at maturity a stated amount of money and interest or credits declared from time to time by ACC, at its discretion. The certificates issued by ACC are not insured by any government agency or other entity. ACC’s certificates are distributed and sold by Ameriprise Financial Services, Inc. (“AFSI”), an affiliate of ACC. AFSI is registered as a broker-dealer in all 50 states, the District of Columbia and Puerto Rico.
As of December 31, 2016, ACC offered five different certificate products to the public. ACC is impacted by significant changes in interest rates as interest crediting rates on certificate products generally reset at shorter intervals than the change in the yield on ACC’s investment portfolio. The specified maturities of most of ACC’s certificate products range from ten to twenty years. Within that maturity period, most certificates have interest crediting rate terms ranging from three to 48 months. Interest crediting rates are subject to change and certificate product owners can surrender their certificates without penalty at term’s end. In addition, two types of certificate products (only one currently sold) have interest tied, in whole or in part, to a broad-based stock market index. In general, ACC’s certificate products are available as qualified investments for Individual Retirement Accounts, 401(k) plans and other qualified retirement plans.
ACC evaluated events or transactions that may have occurred after the balance sheet date for potential recognition or disclosure through the date the financial statements were issued.
Basis of Financial Statement Presentation
The accompanying consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). ACC uses the consolidation method of accounting for its wholly owned subsidiary, Investors Syndicate Development Corp.
Accounting estimates are an integral part of the consolidated financial statements. In part, they are based upon assumptions concerning future events. Among the more significant are those that relate to investment securities valuation and recognition of other-than-temporary impairments and income taxes and the recognition of deferred tax assets and liabilities. These accounting estimates reflect the best judgment of management and actual results could differ.
Interest Income
Interest income is accrued as earned using the effective interest method, which makes an adjustment for security premiums and discounts, so that the related security recognizes a constant rate of return on the outstanding balance throughout its term.
Cash and Cash Equivalents
ACC has defined cash equivalents as highly liquid investments with original maturities of 90 days or less.
Available-for-Sale Securities
Available-for-Sale securities are carried at fair value with unrealized gains (losses) recorded in accumulated other comprehensive income (loss), net of income taxes. Gains and losses are recognized on a trade date basis in the Consolidated Statements of Operations upon disposition of the securities.
When the fair value of an investment is less than its amortized cost, ACC assesses whether or not (i) it has the intent to sell the security (made a decision to sell) or (ii) it is more likely than not that ACC will be required to sell the security before its anticipated recovery. If either of these conditions exist, an other-than-temporary impairment is considered to have occurred and ACC must recognize an other-than-temporary impairment for the difference between the investment’s amortized cost and its fair value through earnings. For securities that do not meet the above criteria, and ACC does not expect to recover a security’s amortized cost, the security is also considered other-than-temporarily impaired. For these securities, ACC separates the total impairment into the credit loss component and the amount of the loss related to other factors. The amount of the total other-than-temporary impairment related to credit loss is recognized in earnings. The amount of the total other-than-temporary impairment related to other factors is recognized in other comprehensive income (loss), net of income taxes. For Available-for-Sale securities that have recognized an other-than-temporary impairment through earnings, the difference between the amortized cost and the cash flows expected to be collected is accreted as interest income, if through subsequent evaluation there is a sustained increase in the cash flow expected. Subsequent increases and decreases in the fair value of Available-for-Sale securities are included in other comprehensive income (loss).
F-9
AMERIPRISE CERTIFICATE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
ACC provides a supplemental disclosure on the face of its Consolidated Statements of Operations that presents (i) total other-than-temporary impairment losses recognized during the period and (ii) the portion of other-than-temporary impairment losses recognized in other comprehensive income (loss). The sum of these amounts represents the credit-related portion of other-than-temporary impairments that were recognized in earnings during the period. The portion of other-than-temporary losses recognized in other comprehensive income (loss) includes: (i) the portion of other-than-temporary impairment losses related to factors other than credit recognized during the period and (ii) reclassifications of other-than-temporary impairment losses previously determined to be related to factors other than credit that are determined to be credit-related in the current period. The amount presented on the Consolidated Statements of Operations as the portion of other-than-temporary losses recognized in other comprehensive income (loss) excludes subsequent increases and decreases in the fair value of these securities.
For all securities that are considered temporarily impaired, ACC does not intend to sell these securities (has not made a decision to sell) and it is not more likely than not that ACC will be required to sell the security before recovery of its amortized cost basis. ACC believes that it will collect all principal and interest due on all investments that have amortized cost in excess of fair value that are considered only temporarily impaired.
Factors ACC considers in determining whether declines in the fair value of fixed maturity securities are other-than-temporary include: (i) the extent to which the market value is below amortized cost; (ii) the duration of time in which there has been a significant decline in value; (iii) fundamental analysis of the liquidity, business prospects and overall financial condition of the issuer; and (iv) market events that could impact credit ratings, economic and business climate, litigation and government actions, and similar external business factors. In order to determine the amount of the credit loss component for corporate debt securities considered other-than-temporarily impaired, a best estimate of the present value of cash flows expected to be collected discounted at the security’s effective interest rate is compared to the amortized cost basis of the security. The significant inputs to cash flow projections consider potential debt restructuring terms, projected cash flows available to pay creditors and ACC’s position in the debtor’s overall capital structure.
For structured investments (e.g., residential mortgage backed securities, commercial mortgage backed securities, and asset backed securities), ACC also considers factors such as overall deal structure and its position within the structure, quality of underlying collateral, delinquencies and defaults, loss severities, recoveries, prepayments and cumulative loss projections in assessing potential other-than-temporary impairments of these investments. Based upon these factors, securities that have indicators of potential other-than-temporary impairment are subject to detailed review by management. Securities for which declines are considered temporary continue to be monitored by management until management determines there is no current risk of an other-than-temporary impairment.
Commercial Mortgage, Syndicated and Certificate Loans
Commercial Mortgage Loans and Syndicated Loans
Commercial mortgage loans and syndicated loans are reflected within investments in unaffiliated issuers at amortized cost less the allowance for loan losses.
Interest income is accrued on the unpaid principal balances of the loans as earned.
Certificate Loans
Certificate loans are reflected within investments in unaffiliated issuers at the unpaid principal balance, plus accrued interest. When originated, the loan balances do not exceed the cash surrender value of the underlying products. As there is minimal risk of loss related to certificate loans, ACC does not record an allowance for loan losses for certificate loans.
Nonaccrual Loans
Generally, loans are evaluated for or placed on nonaccrual status when either the collection of interest or principal has become 90 days past due or is otherwise considered doubtful of collection. When a loan is placed on nonaccrual status, unpaid accrued interest is reversed. Interest payments received on loans on nonaccrual status are generally applied to principal or in accordance with the loan agreement unless the remaining principal balance has been determined to be fully collectible.
Commercial mortgage loans are evaluated for impairment when the loan is considered for nonaccrual status, restructured or foreclosure proceedings are initiated on the property. If it is determined that the fair value is less than the current loan balance, it is written down to fair value less selling costs. Foreclosed property is recorded as real estate owned. Syndicated loans are placed on nonaccrual status when management determines it will not collect all contractual principal and interest on the loan.
Allowance for Loan Losses
Management determines the adequacy of the allowance for loan losses based on the overall loan portfolio composition, recent and historical loss experience, and other pertinent factors, including, when applicable, internal risk ratings, loan-to-value ratios, debt
F-10
AMERIPRISE CERTIFICATE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
service coverage and occupancy rates, along with economic and market conditions. This evaluation is inherently subjective as it requires estimates, which may be susceptible to significant change.
ACC determines the amount of the allowance required based on management’s assessment of relative risk characteristics of the loan portfolio. The allowance is recorded for homogeneous loan categories on a pool basis, based on an analysis of product mix and risk characteristics of the portfolio, including geographic concentration, bankruptcy experiences, and historical losses, adjusted for current trends and market conditions.
While ACC attributes portions of the allowance to specific loan pools as part of the allowance estimation process, the entire allowance is available to absorb losses inherent in the total loan portfolio. The allowance is increased through provisions charged to net realized gain (loss) on investments and reduced/increased by net charge-offs/recoveries.
Impaired Loans
ACC considers a loan to be impaired when, based on current information and events, it is probable ACC will not be able to collect all amounts due (both interest and principal) according to the contractual terms of the loan agreement. Impaired loans may also include loans that have been modified in troubled debt restructurings as a concession to borrowers experiencing financial difficulties. Management evaluates for impairment all restructured loans and loans with higher impairment risk factors. Factors used by ACC to determine whether all amounts due on commercial mortgage loans will be collected, include but are not limited to, the financial condition of the borrower, performance of the underlying properties, collateral and/or guarantees on the loan, and the borrower’s estimated future ability to pay based on property type and geographic location. The impairment recognized is measured as the excess of the loan’s recorded investment over: (i) the present value of its expected principal and interest payments discounted at the loan’s effective interest rate, (ii) the fair value of collateral or (iii) the loan’s observable market price.
Restructured Loans
A loan is classified as a restructured loan when ACC makes certain concessionary modifications to contractual terms for borrowers experiencing financial difficulties. When the interest rate, minimum payments, and/or due dates have been modified in an attempt to make the loan more affordable to a borrower experiencing financial difficulties, the modification is considered a troubled debt restructuring. Generally, performance prior to the restructuring or significant events that coincide with the restructuring are considered in assessing whether the borrower can meet the new terms which may result in the loan being returned to accrual status at the time of the restructuring or after a performance period. If the borrower’s ability to meet the revised payment schedule is not reasonably assured, the loan remains on nonaccrual status.
Certificate Reserves
Investment certificates may be purchased either with a lump-sum payment or by installment payments. Certificate product owners are entitled to receive, at maturity, a definite sum of money. Payments from certificate owners are credited to investment certificate reserves. Investment certificate reserves accumulate interest at specified percentage rates as declared by ACC. Reserves also are maintained for advance payments made by certificate owners, accrued interest thereon, and for additional credits in excess of minimum guaranteed rates and accrued interest thereon. On certificates allowing for the deduction of a surrender charge, the cash surrender values may be less than accumulated investment certificate reserves prior to maturity dates. Cash surrender values on certificates allowing for no surrender charge are equal to certificate reserves. The payment distribution, reserve accumulation rates, cash surrender values, reserve values and other matters are governed by the 1940 Act.
Certain certificates offer a return based on the relative change in a stock market index. The certificates with an equity-based return contain embedded derivatives, which are carried at fair value within investment certificate reserves on the Consolidated Balance Sheets. The fair values of these embedded derivatives incorporate current market data inputs. Changes in fair value are reflected in provision for certificate reserves within the Consolidated Statements of Operations.
Derivatives and Hedging Activities
Derivative instruments, consisting of options and futures contracts, if any, are classified in the Consolidated Balance Sheets at fair value. The fair value of ACC’s derivative instruments is determined using either market quotes or valuation models that are based upon the net present value of estimated future cash flows and incorporate current market observable inputs to the extent available. The accounting for the change in the fair value of the derivative instrument depends on its intended use and the resulting hedge designation, if any. For derivative instruments that do not qualify for hedge accounting or are not designated as accounting hedges, changes in fair value are recognized in current period earnings. ACC’s policy is to not offset fair value amounts recognized for derivatives and collateral arrangements executed with the same counterparty under the same master netting arrangement.
Income Taxes
ACC’s taxable income is included in the consolidated federal income tax return of Ameriprise Financial. ACC provides for income taxes on a separate return basis, except that, under an agreement between Ameriprise Financial and ACC, tax benefits are recognized
F-11
AMERIPRISE CERTIFICATE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
for losses to the extent they can be used in the consolidated return. It is the policy of Ameriprise Financial that it will reimburse its subsidiaries for any tax benefits recorded.
ACC’s provision for income taxes represents the net amount of income taxes that ACC expects to pay or to receive from various taxing jurisdictions in connection with its operations. ACC provides for income taxes based on amounts that ACC believes it will ultimately owe, taking into account the recognition and measurement for uncertain tax positions. Inherent in the provision for income taxes are estimates and judgments regarding the tax treatment of certain items. In connection with the provision for income taxes, ACC’s Consolidated Financial Statements reflect certain amounts related to deferred tax assets and liabilities, which result from temporary differences between the assets and liabilities measured for financial statement purposes versus the assets and liabilities measured for tax return purposes.
ACC is required to establish a valuation allowance for any portion of the deferred tax assets that management believes will not be realized. Significant judgment is required in determining if a valuation allowance should be established, and the amount of such allowance if required. Factors used in making this determination include estimates relating to the performance of the business. Consideration is given to, among other things in making this determination, i) future taxable income exclusive of reversing temporary differences and carryforwards, ii) future reversals of existing taxable temporary differences, iii) taxable income in prior carryback years, and iv) tax planning strategies. Based on analysis of ACC’s tax positions, management believes it is more likely than not that ACC’s results of future operations and implementation of tax planning strategies will generate sufficient taxable income to enable ACC to utilize all of the deferred tax assets. Accordingly, no valuation allowance for deferred tax assets has been established as of December 31, 2016.
Recent Accounting Pronouncements
Future Adoption of New Accounting Standards
Income Taxes - Intra-Entity Transfers of Assets Other Than Inventory
In October 2016, the Financial Accounting Standards Board (“FASB”) updated the accounting standards related to the recognition of income tax impacts on intra-entity transfers. The update requires entities to recognize the income tax consequences of intra-entity transfers, other than inventory, upon the transfer of the asset. The update requires the selling entity to recognize a current tax expense or benefit and the purchasing entity to recognize a deferred tax asset or liability when the transfer occurs. The standard is effective for interim and annual periods beginning after December 15, 2017. Early adoption is permitted. ACC is currently evaluating the impact of the standard on its consolidated results of operations and financial condition.
Statement of Cash Flows - Classification of Certain Cash Receipts and Cash Payments
In August 2016, the FASB updated the accounting standards related to classification of certain cash receipts and cash payments on the statement of cash flows because current standards lacked sufficient guidance to consistently classify cash payments and receipts. The update includes amendments addressing the classification of eight specific cash flow issues. The standard is effective for interim and annual periods beginning after December 15, 2017. Early adoption is permitted and all amendments must be adopted during the same period. ACC will early adopt the standard for the interim period ending March 31, 2017 on a retrospective basis. The adoption of the standard will not have an impact on ACC’s consolidated cash flows.
Financial Instruments - Measurement of Credit Losses
In June 2016, the FASB updated the accounting standards related to accounting for credit losses on certain types of financial instruments. The update replaces the current incurred loss model for estimating credit losses with a new model that requires an entity to estimate the credit losses expected over the life of the asset. Generally, the initial estimate of the expected credit losses and subsequent changes in the estimate will be reported in current period earnings and recorded through an allowance for credit losses on the balance sheet. The current credit loss model for Available-for-Sale debt securities does not change; however, the credit loss calculation and subsequent recoveries are required to be recorded through an allowance. The standard is effective for interim and annual periods beginning after December 15, 2019. Early adoption will be permitted for interim and annual periods beginning after December 15, 2018. A modified retrospective cumulative adjustment to retained earnings should be recorded as of the first reporting period in which the guidance is effective for loans, receivables, and other financial instruments subject to the new expected credit loss model. Prospective adoption is required for establishing an allowance related to Available-for-Sale debt securities, certain beneficial interests, and financial assets purchased with a more-than-insignificant amount of credit deterioration since origination. ACC is currently evaluating the impact of the standard on its consolidated results of operations and financial condition.
Financial Instruments - Recognition and Measurement of Financial Assets and Financial Liabilities
In January 2016, the FASB updated the accounting standards on the recognition and measurement of financial instruments. The update requires entities to carry marketable equity securities, excluding investments in securities that qualify for the equity method of accounting, at fair value with changes in fair value reflected in net income each reporting period. The update affects other aspects of accounting for equity instruments, as well as the accounting for financial liabilities utilizing the fair value option. The update
F-12
AMERIPRISE CERTIFICATE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
eliminates the requirement to disclose the methods and assumptions used to estimate the fair value of financial assets or liabilities held at cost on the balance sheet and requires entities to use the exit price notion when measuring the fair value of financial instruments. The standard is effective for interim and annual periods beginning after December 15, 2017. Early adoption is permitted for certain provisions. Generally, the update should be applied using a modified retrospective approach by recording a cumulative-effect adjustment to equity at the beginning of the period of adoption. The update is not expected to have a material impact on ACC’s consolidated statement of financial condition. During periods in which the market value of equity securities differs materially from their cost, ACC may experience volatility in investment income recognized in its consolidated results of operations.
Revenue from Contracts with Customers
In May 2014, the FASB updated the accounting standards for revenue from contracts with customers. The update provides a five step revenue recognition model for all revenue arising from contracts with customers and affects all entities that enter into contracts to provide goods or services to their customers (unless the contracts are in the scope of other standards). The standard also updates the accounting for certain costs associated with obtaining and fulfilling a customer contract and requires disclosure of quantitative and qualitative information that enables users of financial statements to understand the nature, amount, timing, and uncertainty of revenues and cash flows arising from contracts with customers. Subsequent related updates provide clarification on certain revenue recognition guidance in the new standard. The standard is effective for interim and annual periods beginning after December 15, 2017 and early adoption is permitted for interim and annual periods beginning after December 15, 2016. The standard may be applied retrospectively for all periods presented or retrospectively with a cumulative-effect adjustment at the date of adoption. ACC’s revenues consist of investment income including yield on investments and realized investment gains (losses), which are not in scope of the updated standard. Therefore, ACC does not expect the standard to impact its consolidated results of operations and financial condition.
2. Deposit of Assets and Maintenance of Qualified Assets
Under the provisions of its certificates and the 1940 Act, ACC was required to have Qualified Assets (as defined in Section 28(b) of the 1940 Act) in the amount of $5.9 billion and $4.8 billion at December 31, 2016 and 2015, respectively. ACC reported Qualified Assets of $6.3 billion and $5.1 billion at December 31, 2016 and 2015, respectively. Qualified Assets excluded net unrealized pretax losses on Available-for-Sale securities of $12.4 million and $33.8 million at December 31, 2016 and 2015, respectively. Additionally, Qualified Assets excluded unsettled investment purchases of $7.0 million and $2.3 million at December 31, 2016 and 2015, respectively.
Qualified Assets are valued in accordance with such provisions of Minnesota Statutes as are applicable to investments of life insurance companies. These values are the same as financial statement carrying values, except for debt securities classified as Available-for-Sale and all marketable equity securities, which are carried at fair value in the consolidated financial statements but are valued at either amortized cost, market value or par value based on the state requirements for qualified asset and deposit maintenance purposes.
Pursuant to provisions of the certificates, the 1940 Act, the Depository and Custodial Agreement and requirements of various states, Qualified Assets (accounted for on a trade date basis) of ACC were deposited as follows:
December 31, 2016 | |||||||||||
Deposits | Required Deposits | Excess | |||||||||
(in thousands) | |||||||||||
Deposits to meet certificate liability requirements: | |||||||||||
Pennsylvania and New Jersey (at market value) | $ | 255 | $ | 130 | $ | 125 | |||||
Texas and Illinois (at par value) | 150 | 150 | — | ||||||||
Custodian | 6,250,536 | 5,938,825 | 311,711 | ||||||||
Total | $ | 6,250,941 | $ | 5,939,105 | $ | 311,836 | |||||
F-13
AMERIPRISE CERTIFICATE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
December 31, 2015 | |||||||||||
Deposits | Required Deposits | Excess | |||||||||
(in thousands) | |||||||||||
Deposits to meet certificate liability requirements: | |||||||||||
Pennsylvania and New Jersey (at market value) | $ | 261 | $ | 130 | $ | 131 | |||||
Texas and Illinois (at par value) | 150 | 150 | — | ||||||||
Custodian | 5,103,266 | 4,834,540 | 268,726 | ||||||||
Total | $ | 5,103,677 | $ | 4,834,820 | $ | 268,857 | |||||
The assets on deposit with the Custodian (or its subcustodian) at December 31, 2016 and 2015 consisted of securities and other loans having a deposit value of $6.1 billion and $4.9 billion, respectively, mortgage loans on real estate of $85.1 million and $97.9 million, respectively, and other investments of $111.4 million and $134.5 million, respectively. There were $7.0 million and $1.8 million of unsettled purchases of investments related to these assets on deposit at December 31, 2016 and 2015, respectively.
Ameriprise Trust Company (“ATC”) is the Custodian for ACC. ATC has appointed JPMorgan Chase Bank, N.A. as its subcustodian. See Note 7 for information on related party transactions.
3. Investments
Available-for-Sale securities distributed by type were as follows:
Description of Securities | December 31, 2016 | |||||||||||||||||||
Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | Noncredit OTTI (1) | ||||||||||||||||
(in thousands) | ||||||||||||||||||||
Residential mortgage backed securities | $ | 3,192,055 | $ | 13,075 | $ | (21,731 | ) | $ | 3,183,399 | $ | 209 | |||||||||
Corporate debt securities | 1,595,907 | 3,358 | (4,188 | ) | 1,595,077 | 3 | ||||||||||||||
Commercial mortgage backed securities | 500,170 | 1,348 | (1,646 | ) | 499,872 | — | ||||||||||||||
Asset backed securities | 629,277 | 1,357 | (4,211 | ) | 626,423 | — | ||||||||||||||
State and municipal obligations | 48,272 | 345 | (107 | ) | 48,510 | — | ||||||||||||||
U.S. government and agencies obligations | 376 | 44 | — | 420 | — | |||||||||||||||
Common stocks | 2,448 | 4,384 | (223 | ) | 6,609 | 2,668 | ||||||||||||||
Total | $ | 5,968,505 | $ | 23,911 | $ | (32,106 | ) | $ | 5,960,310 | $ | 2,880 | |||||||||
Description of Securities | December 31, 2015 | |||||||||||||||||||
Amortized Cost | Gross Unrealized Gains | Gross Unrealized Losses | Fair Value | Noncredit OTTI (1) | ||||||||||||||||
(in thousands) | ||||||||||||||||||||
Residential mortgage backed securities | $ | 2,543,904 | $ | 9,628 | $ | (29,686 | ) | $ | 2,523,846 | $ | (3,707 | ) | ||||||||
Corporate debt securities | 1,426,967 | 842 | (11,344 | ) | 1,416,465 | 3 | ||||||||||||||
Commercial mortgage backed securities | 318,962 | 1,534 | (1,125 | ) | 319,371 | — | ||||||||||||||
Asset backed securities | 428,694 | 1,509 | (5,161 | ) | 425,042 | — | ||||||||||||||
State and municipal obligations | 49,359 | 73 | (140 | ) | 49,292 | — | ||||||||||||||
U.S. government and agencies obligations | 377 | 49 | — | 426 | — | |||||||||||||||
Common stocks | 2,273 | 4,179 | (215 | ) | 6,237 | 2,185 | ||||||||||||||
Total | $ | 4,770,536 | $ | 17,814 | $ | (47,671 | ) | $ | 4,740,679 | $ | (1,519 | ) | ||||||||
(1) Represents the amount of other-than-temporary impairment (“OTTI”) losses in accumulated other comprehensive income (loss). Amount includes unrealized gains and losses on impaired securities subsequent to the initial impairment measurement date. These amounts are included in gross unrealized gains and losses as of the end of the period. | ||||||||||||||||||||
F-14
AMERIPRISE CERTIFICATE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
As of December 31, 2016 and 2015, investment securities with a fair value of $75 thousand and $22 thousand, respectively, were pledged to meet contractual obligations under derivative contracts.
At December 31, 2016 and 2015, fixed maturity securities comprised approximately 95% and 93%, respectively, of ACC’s total investments. Rating agency designations are based on the availability of ratings from Nationally Recognized Statistical Rating Organizations (“NRSROs”), including Moody’s Investors Service (“Moody’s”), Standard & Poor’s Ratings Services (“S&P”), and Fitch Ratings Ltd. (“Fitch”). ACC uses the median of available ratings from Moody’s, S&P and Fitch, or if fewer than three ratings are available, the lower rating is used. When ratings from Moody’s, S&P and Fitch are unavailable, as is the case for many private placement securities, ACC may utilize ratings from other NRSROs or rate the securities internally. At December 31, 2016 and 2015, approximately $148.4 million and $193.0 million, respectively, of securities were internally rated by Columbia Management Investment Advisers, LLC (“CMIA”), an affiliate of ACC, using criteria similar to those used by NRSROs.
A summary of fixed maturity securities by rating was as follows:
Ratings | December 31, 2016 | December 31, 2015 | ||||||||||||||||||||
Amortized Cost | Fair Value | Percent of Total Fair Value | Amortized Cost | Fair Value | Percent of Total Fair Value | |||||||||||||||||
(in thousands, except percentages) | ||||||||||||||||||||||
AAA | $ | 3,084,275 | $ | 3,080,096 | 52 | % | $ | 1,909,817 | $ | 1,903,427 | 40 | % | ||||||||||
AA | 278,147 | 277,010 | 5 | 328,041 | 326,326 | 7 | ||||||||||||||||
A | 705,520 | 702,031 | 12 | 705,780 | 700,629 | 15 | ||||||||||||||||
BBB | 1,755,986 | 1,754,223 | 29 | 1,647,627 | 1,633,796 | 35 | ||||||||||||||||
Below investment grade | 142,129 | 140,341 | 2 | 176,998 | 170,264 | 3 | ||||||||||||||||
Total fixed maturities | $ | 5,966,057 | $ | 5,953,701 | 100 | % | $ | 4,768,263 | $ | 4,734,442 | 100 | % | ||||||||||
At December 31, 2016 and 2015, approximately 57% and 66%, respectively, of the securities rated AAA were GNMA, FNMA and FHLMC mortgage backed securities.
The following tables provide information about Available-for-Sale securities with gross unrealized losses and the length of time that individual securities have been in a continuous unrealized loss position:
Description of Securities | December 31, 2016 | ||||||||||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | |||||||||||||||||||||||||||||||
Number of Securities | Fair Value | Unrealized Losses | Number of Securities | Fair Value | Unrealized Losses | Number of Securities | Fair Value | Unrealized Losses | |||||||||||||||||||||||||
(in thousands, except number of securities) | |||||||||||||||||||||||||||||||||
Residential mortgage backed securities | 74 | $ | 1,116,318 | $ | (6,009 | ) | 131 | $ | 847,998 | $ | (15,722 | ) | 205 | $ | 1,964,316 | $ | (21,731 | ) | |||||||||||||||
Corporate debt securities | 59 | 676,198 | (3,945 | ) | 7 | 57,535 | (243 | ) | 66 | 733,733 | (4,188 | ) | |||||||||||||||||||||
Commercial mortgage backed securities | 24 | 205,284 | (1,365 | ) | 4 | 32,547 | (281 | ) | 28 | 237,831 | (1,646 | ) | |||||||||||||||||||||
Asset backed securities | 28 | 273,193 | (2,312 | ) | 16 | 174,793 | (1,899 | ) | 44 | 447,986 | (4,211 | ) | |||||||||||||||||||||
State and municipal obligations | 8 | 17,308 | (107 | ) | — | — | — | 8 | 17,308 | (107 | ) | ||||||||||||||||||||||
Common stocks | — | — | — | 3 | 605 | (223 | ) | 3 | 605 | (223 | ) | ||||||||||||||||||||||
Total | 193 | $ | 2,288,301 | $ | (13,738 | ) | 161 | $ | 1,113,478 | $ | (18,368 | ) | 354 | $ | 3,401,779 | $ | (32,106 | ) | |||||||||||||||
F-15
AMERIPRISE CERTIFICATE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
Description of Securities | December 31, 2015 | ||||||||||||||||||||||||||||||||
Less than 12 months | 12 months or more | Total | |||||||||||||||||||||||||||||||
Number of Securities | Fair Value | Unrealized Losses | Number of Securities | Fair Value | Unrealized Losses | Number of Securities | Fair Value | Unrealized Losses | |||||||||||||||||||||||||
(in thousands, except number of securities) | |||||||||||||||||||||||||||||||||
Residential mortgage backed securities | 91 | $ | 1,147,485 | $ | (8,645 | ) | 112 | $ | 778,481 | $ | (21,041 | ) | 203 | $ | 1,925,966 | $ | (29,686 | ) | |||||||||||||||
Corporate debt securities | 81 | 1,055,464 | (9,109 | ) | 13 | 116,913 | (2,235 | ) | 94 | 1,172,377 | (11,344 | ) | |||||||||||||||||||||
Commercial mortgage backed securities | 16 | 127,376 | (922 | ) | 1 | 15,776 | (203 | ) | 17 | 143,152 | (1,125 | ) | |||||||||||||||||||||
Asset backed securities | 23 | 127,431 | (1,156 | ) | 13 | 243,721 | (4,005 | ) | 36 | 371,152 | (5,161 | ) | |||||||||||||||||||||
State and municipal obligations | 13 | 34,829 | (140 | ) | — | — | — | 13 | 34,829 | (140 | ) | ||||||||||||||||||||||
Common stocks | 2 | 522 | (166 | ) | 2 | 91 | (49 | ) | 4 | 613 | (215 | ) | |||||||||||||||||||||
Total | 226 | $ | 2,493,107 | $ | (20,138 | ) | 141 | $ | 1,154,982 | $ | (27,533 | ) | 367 | $ | 3,648,089 | $ | (47,671 | ) | |||||||||||||||
As part of ACC’s ongoing monitoring process, management determined that the change in gross unrealized losses on its Available-for-Sale securities is primarily attributable to a tightening of credit spreads.
The following table presents a rollforward of the cumulative amounts recognized in the Consolidated Statements of Operations for other-than-temporary impairments related to credit losses on Available-for-Sale securities for which a portion of the securities’ total other-than-temporary impairments was recognized in other comprehensive loss:
Years Ended December 31, | |||||||||||
2016 | 2015 | 2014 | |||||||||
(in thousands) | |||||||||||
Beginning balance | $ | 51,966 | $ | 64,913 | $ | 83,122 | |||||
Reductions for securities sold during the period (realized) | (5,550 | ) | (14,503 | ) | (18,891 | ) | |||||
Credit losses for which an other-than-temporary impairment was previously recognized | 106 | 1,556 | 682 | ||||||||
Ending balance | $ | 46,522 | $ | 51,966 | $ | 64,913 | |||||
The change in net unrealized securities gains (losses) in other comprehensive income (loss) includes two components, net of tax: (i) unrealized gains (losses) that arose from changes in the market value of securities that were held during the period and (ii) (gains) losses that were previously unrealized, but have been recognized in current period net income due to sales of Available-for-Sale securities and due to the reclassification of noncredit other-than-temporary impairment losses to credit losses.
The following table presents a rollforward of the net unrealized securities gains (losses) on Available-for-Sale securities included in accumulated other comprehensive income (loss):
Net Unrealized Investment Gains (Losses) | Deferred Income Tax | Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses) | ||||||||||
(in thousands) | ||||||||||||
Balance at January 1, 2014 | $ | (5,154 | ) | $ | 2,013 | $ | (3,141 | ) | ||||
Net unrealized securities losses arising during the period(1) | (569 | ) | 109 | (460 | ) | |||||||
Reclassification of gains included in net income | (657 | ) | 230 | (427 | ) | |||||||
Balance at December 31, 2014 | (6,380 | ) | 2,352 | (4,028 | ) | (2) | ||||||
Net unrealized securities losses arising during the period(1) | (25,176 | ) | 9,292 | (15,884 | ) | |||||||
Reclassification of losses included in net income | 1,698 | (594 | ) | 1,104 | ||||||||
Balance at December 31, 2015 | (29,858 | ) | 11,050 | (18,808 | ) | (2) | ||||||
Net unrealized securities gains arising during the period(1) | 22,670 | (8,372 | ) | 14,298 | ||||||||
Reclassification of gains included in net income | (1,007 | ) | 352 | (655 | ) | |||||||
Balance at December 31, 2016 | $ | (8,195 | ) | $ | 3,030 | $ | (5,165 | ) | (2) | |||
(1) Net unrealized securities gains (losses) arising during the period include other-than-temporary impairment losses on Available-for-Sale securities related to factors other than credit that were recognized in other comprehensive income (loss) during the period.
F-16
AMERIPRISE CERTIFICATE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(2) Includes $1.9 million, $1.0 million and $2.9 million of noncredit related impairments on securities and net unrealized securities gains (losses) on previously impaired securities at December 31, 2016, 2015 and 2014, respectively.
Net realized gains and losses on Available-for-Sale securities, determined using the specific identification method, recognized in earnings were as follows:
Years Ended December 31, | |||||||||||
2016 | 2015 | 2014 | |||||||||
(in thousands) | |||||||||||
Gross realized gains | $ | 2,270 | $ | 454 | $ | 2,729 | |||||
Gross realized losses | (1,157 | ) | (596 | ) | (1,390 | ) | |||||
Other-than-temporary impairments | (106 | ) | (1,556 | ) | (682 | ) | |||||
Total | $ | 1,007 | $ | (1,698 | ) | $ | 657 | ||||
Other-than-temporary impairments for the years ended December 31, 2016, 2015 and 2014 are related to credit losses on non-agency residential mortgage backed securities.
Available-for-Sale securities by contractual maturity at December 31, 2016 were as follows:
Amortized Cost | Fair Value | ||||||
(in thousands) | |||||||
Due within one year | $ | 505,718 | $ | 506,031 | |||
Due after one year through five years | 1,127,639 | 1,126,993 | |||||
Due after five years through 10 years | 10,986 | 10,728 | |||||
Due after 10 years | 212 | 255 | |||||
1,644,555 | 1,644,007 | ||||||
Residential mortgage backed securities | 3,192,055 | 3,183,399 | |||||
Commercial mortgage backed securities | 500,170 | 499,872 | |||||
Asset backed securities | 629,277 | 626,423 | |||||
Common stocks | 2,448 | 6,609 | |||||
Total | $ | 5,968,505 | $ | 5,960,310 | |||
Actual maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations. Residential mortgage backed securities, commercial mortgage backed securities and asset backed securities are not due at a single maturity date. As such, these securities, as well as common stocks, were not included in the maturities distribution.
4. Commercial Mortgage, Syndicated and Certificate Loans
ACC’s financing receivables include commercial mortgage loans, syndicated loans and certificate loans. See Note 1 for information regarding ACC’s accounting policies related to loans and the allowance for loan losses.
Allowance for Loan Losses
The following table presents a rollforward of the allowance for loan losses for commercial mortgage loans and syndicated loans for the years ended and the ending balance of the allowance for loan losses by impairment method:
December 31, | |||||||||||
2016 | 2015 | 2014 | |||||||||
(in thousands) | |||||||||||
Beginning balance | $ | 3,964 | $ | 3,464 | $ | 4,461 | |||||
Charge-offs | (1,681 | ) | — | (997 | ) | ||||||
Provisions | 1,000 | 500 | — | ||||||||
Ending balance | $ | 3,283 | $ | 3,964 | $ | 3,464 | |||||
Individually evaluated for impairment | $ | — | $ | — | $ | — | |||||
Collectively evaluated for impairment | 3,283 | 3,964 | 3,464 | ||||||||
F-17
AMERIPRISE CERTIFICATE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
The recorded investment in commercial mortgage loans and syndicated loans by impairment method was as follows:
December 31, | |||||||
2016 | 2015 | ||||||
(in thousands) | |||||||
Individually evaluated for impairment | $ | 1,550 | $ | 4,173 | |||
Collectively evaluated for impairment | 175,548 | 196,176 | |||||
Total | $ | 177,098 | $ | 200,349 | |||
As of December 31, 2016 and 2015, ACC’s recorded investment in financing receivables individually evaluated for impairment for which there was no related allowance for loan losses was $1.6 million and $4.2 million, respectively. Unearned income, unamortized premiums and discounts, and net unamortized deferred fees and costs are not material to ACC’s total loan balance.
Purchases and sales of loans were as follows:
Years Ended December 31, | |||||||||||
2016 | 2015 | 2014 | |||||||||
(in thousands) | |||||||||||
Purchases | |||||||||||
Syndicated loans | $ | 19,025 | $ | 55,847 | $ | 46,569 | |||||
Sales | |||||||||||
Syndicated loans | $ | — | $ | 348 | $ | — | |||||
ACC has not acquired any loans with deteriorated credit quality as of the acquisition date.
Credit Quality Information
Nonperforming loans, which are generally loans 90 days or more past due, were nil and $1.9 million as of December 31, 2016 and 2015, respectively. All other loans were considered to be performing.
Commercial Mortgage Loans
ACC reviews the credit worthiness of the borrower and the performance of the underlying properties in order to determine the risk of loss on commercial mortgage loans. Based on this review, the commercial mortgage loans are assigned an internal risk rating, which management updates as necessary. Commercial mortgage loans which management has assigned its highest risk rating were 1.8% and 1.7% of total commercial mortgage loans as of December 31, 2016 and 2015, respectively. Loans with the highest risk rating represent distressed loans which ACC has identified as impaired or expects to become delinquent or enter into foreclosure within the next six months. In addition, ACC reviews the concentrations of credit risk by region and property type.
Concentrations of credit risk of commercial mortgage loans by U.S. region were as follows:
Loans | Percentage | ||||||||||||
December 31, | December 31, | ||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||
(in thousands) | |||||||||||||
East North Central | $ | 3,043 | $ | 3,327 | 4 | % | 3 | % | |||||
East South Central | 5,509 | 6,107 | 6 | 6 | |||||||||
Middle Atlantic | 10,881 | 6,477 | 12 | 6 | |||||||||
Mountain | 5,850 | 6,347 | 7 | 6 | |||||||||
New England | 7,424 | 7,544 | 9 | 8 | |||||||||
Pacific | 16,511 | 24,715 | 19 | 25 | |||||||||
South Atlantic | 23,846 | 29,971 | 27 | 31 | |||||||||
West North Central | 7,253 | 9,385 | 8 | 9 | |||||||||
West South Central | 7,174 | 6,378 | 8 | 6 | |||||||||
87,491 | 100,251 | 100 | % | 100 | % | ||||||||
Less: allowance for loan losses | 2,341 | 2,341 | |||||||||||
Total | $ | 85,150 | $ | 97,910 | |||||||||
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AMERIPRISE CERTIFICATE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
Concentrations of credit risk of commercial mortgage loans by property type were as follows:
Loans | Percentage | ||||||||||||
December 31, | December 31, | ||||||||||||
2016 | 2015 | 2016 | 2015 | ||||||||||
(in thousands) | |||||||||||||
Apartments | $ | 16,527 | $ | 28,576 | 19 | % | 29 | % | |||||
Industrial | 16,637 | 15,510 | 19 | 15 | |||||||||
Mixed use | 4,968 | — | 6 | — | |||||||||
Office | 6,551 | 8,955 | 7 | 9 | |||||||||
Retail | 31,500 | 34,384 | 36 | 34 | |||||||||
Hotel | 941 | 1,100 | 1 | 1 | |||||||||
Other | 10,367 | 11,726 | 12 | 12 | |||||||||
87,491 | 100,251 | 100 | % | 100 | % | ||||||||
Less: allowance for loan losses | 2,341 | 2,341 | |||||||||||
Total | $ | 85,150 | $ | 97,910 | |||||||||
Syndicated Loans
The recorded investment in syndicated loans at December 31, 2016 and December 31, 2015 was $89.6 million and $100.1 million, respectively. ACC’s syndicated loan portfolio is diversified across industries and issuers. The primary credit indicator for syndicated loans is whether the loans are performing in accordance with the contractual terms of the syndication. Total nonperforming syndicated loans at December 31, 2016 and 2015 were nil and $1.9 million, respectively.
Troubled Debt Restructurings
During the year ended December 31, 2016, ACC restructured five syndicated loans with a recorded investment of $2.3 million and received three loans and common stock in exchange with a recorded investment of $913 thousand. There were no loans restructured by ACC during the year ended December 31, 2015. The troubled debt restructuring did not have a material impact to ACC’s allowance for loan losses or income recognized for the years ended December 31, 2016, 2015 and 2014. There are no material commitments to lend additional funds to borrowers whose loans have been restructured.
5. Certificate Reserves
Reserves maintained on outstanding certificates have been computed in accordance with the provisions of the certificates and Section 28 of the 1940 Act. The average rates of accumulation on certificate reserves were as follows:
December 31, 2016 | |||||||||
Reserve Balance | Average Gross Accumulation Rates(3) | Average Additional Credit Rates(4) | |||||||
(in thousands, except percentages) | |||||||||
Installment certificates: | |||||||||
Reserves to mature: | |||||||||
Without guaranteed rates(1) | $ | 13,469 | 0.51 | % | 0.51 | % | |||
Additional credits and accrued interest: | |||||||||
Without guaranteed rates(1) | 3 | N/A | N/A | ||||||
Fully paid certificates: | |||||||||
Reserves to mature: | |||||||||
With guaranteed rates | 8,651 | 3.16 | % | 0.01 | % | ||||
Without guaranteed rates(1) | 5,384,889 | 0.64 | % | 0.64 | % | ||||
Equity indexed(2) | 520,816 | N/A | N/A | ||||||
Additional credits and accrued interest: | |||||||||
With guaranteed rates | 169 | 2.96 | % | — | |||||
Without guaranteed rates(1) | 6,702 | N/A | N/A | ||||||
Due to unlocated certificate holders | 352 | N/A | N/A | ||||||
Total | $ | 5,935,051 | |||||||
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AMERIPRISE CERTIFICATE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
December 31, 2015 | |||||||||
Reserve Balance | Average Gross Accumulation Rates(3) | Average Additional Credit Rates(4) | |||||||
(in thousands, except percentages) | |||||||||
Installment certificates: | |||||||||
Reserves to mature: | |||||||||
Without guaranteed rates(1) | $ | 15,199 | 0.49 | % | 0.49 | % | |||
Additional credits and accrued interest: | |||||||||
Without guaranteed rates(1) | 5 | N/A | N/A | ||||||
Fully paid certificates: | |||||||||
Reserves to mature: | |||||||||
With guaranteed rates | 9,957 | 3.14 | % | 0.01 | % | ||||
Without guaranteed rates(1) | 4,285,183 | 0.64 | % | 0.64 | % | ||||
Equity indexed(2) | 521,375 | N/A | N/A | ||||||
Additional credits and accrued interest: | |||||||||
With guaranteed rates | 246 | 2.97 | % | — | |||||
Without guaranteed rates(1) | 2,585 | N/A | N/A | ||||||
Due to unlocated certificate holders | 346 | N/A | N/A | ||||||
Total | $ | 4,834,896 | |||||||
N/A Not Applicable.
(1) There is no minimum rate of accrual on these reserves. Interest is declared periodically, quarterly, or annually in accordance with the terms of the separate series of certificates.
(2) Ameriprise Stock Market Certificate and Ameriprise Market Strategy Certificate enable the certificate owner to participate in any relative rise in a major stock market index up to a cap without risking loss of principal. The certificates have market participation terms of 52, 104 or 156 weeks and may continue for up to 15 years. The reserve balances on these certificates at December 31, 2016 and 2015 were $555.3 million and $556.8 million, respectively.
(3) The average gross accumulation rate is the additional credit rate plus the guaranteed minimum rate, if applicable, based on the weighted-average reserves at December 31, 2016 and 2015.
(4) The average additional credit rate is the declared interest rate in excess of the guaranteed minimum rate, if applicable, based on the weighted-average reserves at December 31, 2016 and 2015.
On certain series of single payment certificates, additional interest is pre-declared for periods greater than one year. The retained earnings appropriated for the pre-declared additional interest at December 31, 2016 and 2015 was nil and $8 thousand, respectively, which reflects the difference between certificate reserves on these series, calculated on a statutory basis, and the reserves maintained per books.
The carrying amounts of net certificate reserves consisted of the following:
December 31, | |||||||
2016 | 2015 | ||||||
(in thousands) | |||||||
Reserves with terms of one year or less | $ | 5,676,950 | $ | 4,560,399 | |||
Other | 258,101 | 274,497 | |||||
Total certificate reserves | 5,935,051 | 4,834,896 | |||||
Unapplied certificate transactions | 1,661 | 256 | |||||
Certificate loans and accrued interest | (560 | ) | (698 | ) | |||
Total | $ | 5,936,152 | $ | 4,834,454 | |||
6. Regulation and Dividend Restrictions
ACC is required to maintain cash and “qualified assets” meeting the standards of Section 28(b) of the 1940 Act, as modified by an exemptive order of the SEC. The amortized cost of such investments must be at least equal to ACC’s net liabilities on all outstanding face-amount certificates plus $250,000. ACC’s qualified assets consist of cash equivalents, syndicated loans, commercial mortgage loans, U.S. government and government agency securities, municipal bonds, corporate bonds, common stocks, equity index options and other securities meeting specified standards. So long as ACC wishes to rely on the SEC order, as a condition to the order, ACC has agreed to maintain an amount of unappropriated retained earnings and capital equal to at least 5% of
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AMERIPRISE CERTIFICATE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
certificate reserves (less outstanding certificate loans). To the extent that payment of a dividend would decrease the capital ratio below the required 5%, payment of a dividend would be restricted. In determining compliance with this condition, qualified assets are valued in accordance with the provisions of Minnesota Statutes where such provisions are applicable.
ACC has also entered into a written understanding with the Minnesota Department of Commerce, that ACC will maintain capital equal to at least 5% of the assets of ACC (less outstanding certificate loans). To the extent that payment of a dividend would decrease this ratio below the required 5%, payment of a dividend would be restricted. When computing its capital for these purposes, ACC values its assets on the basis of statutory accounting for insurance companies rather than GAAP. ACC is subject to examination and supervision by the Minnesota Department of Commerce (Banking Division).
Ameriprise Financial and ACC entered into a Capital Support Agreement on March 2, 2009, pursuant to which Ameriprise Financial agrees to commit such capital to ACC as is necessary to satisfy applicable minimum capital requirements. Effective April 30, 2014, this agreement was amended to revise the maximum commitment to $50 million. For the year ended December 31, 2016, Ameriprise Financial has not infused any additional capital into ACC under this agreement.
7. Related Party Transactions
Distribution Services
Fees payable to AFSI on sales of ACC’s certificates are based upon terms of agreements giving AFSI the right to distribute the certificates covered under the agreements. The agreements provide for payment of fees over a period of time.
From time to time, ACC may sponsor or participate in sales promotions involving one or more of the certificates and their respective terms. These promotions may offer a special interest rate to attract new clients or retain existing clients. To cover the cost of these promotions, distribution fees paid to AFSI may be lowered.
Effective September 19, 2014, the Ameriprise Installment Certificates have contractual distribution fee rates of 0.50% of all payments received on or after issue of the certificate until the certificate’s maturity date.
Effective September 19, 2014, the Ameriprise Cash Reserve Certificates have contractual distribution fee rates of 0.03% of the purchase price at the time of issuance and 0.03% of the reserves maintained for these certificates at the beginning of the second and subsequent quarters from issue date.
Effective April 26, 2000, the Ameriprise Flexible Savings Certificates have contractual distribution fee rates of 0.08% of the purchase price at the time of issuance and 0.08% of the reserves maintained for these certificates at the beginning of the second and subsequent quarters from issue date. Since January 2, 2007, ACC has continuously offered seven and thirteen month Flexible Savings Certificates. Since the continuous offering began, the distribution fee on seven month Flexible Savings Certificates has been 0.08% of the initial payment, 0.08% of the reserves maintained for these certificates at the beginning of the second quarter after issuance and 0.027% at the beginning of the last month. The distribution fee on the thirteen month term has been 0.032% of the initial payment, 0.032% of the reserves maintained for these certificates at the beginning of the second and subsequent quarters after issuance and 0.011% at the beginning of the last month.
Effective May 8, 2015, the Ameriprise Stock Market Certificates have contractual distribution fee rates of 0.50%, 1.00% and 1.50% for the 52, 104 and 156 week terms, respectively, on the initial purchase price and the certificate reserves at the beginning of each subsequent term.
Effective October 25, 2011, the Ameriprise Market Strategy Certificates have contractual distribution fee rates of 0.50% of the initial investment on the first day of the certificate’s term and 0.50% of the reserves maintained for these certificates at the beginning of each subsequent term.
Effective May 8, 2015, the Ameriprise Step-Up Rate Certificates have contractual distribution fee rates of 0.075% of the initial investment at the time of issuance and 0.075% of the reserves maintained for these certificates at the beginning of the second and subsequent quarters from the issue date.
Investment Advisory and Services
In December 2006, ACC entered into an agreement with CMIA to provide investment advice, operational support and other administrative services to ACC. The agreement provides for a graduated scale of fees equal on an annual basis to 0.35% on the first $250 million of total book value of investments of ACC, 0.30% on the next $250 million, 0.25% on the next $500 million and 0.20% on the amount in excess of $1 billion. The fee is payable monthly in an amount equal to one-twelfth of each of the percentages set forth above. Net invested assets for purposes of this computation are cash and cash equivalents, accounts receivable for interest and dividends and securities sold, accounts payable for invested assets purchased, securities available-for-sale (including any segregated assets), purchased equity index options, written equity index options and mortgages.
The fee paid to CMIA for managing and servicing syndicated loans is equal to 0.35%. The fee is payable monthly and is equal to
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AMERIPRISE CERTIFICATE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
one-twelfth of 0.35%, computed each month on the basis of book value of the loans as of the close of business on the last full business day of the preceding month.
Transfer Agent Fees
The basis of computing transfer agent fees paid or payable to Columbia Management Investment Services Corp. (“CMIS”) is under a Transfer Agent Agreement to maintain certificate owner accounts and records. Effective January 1, 2013, ACC pays CMIS a monthly fee of one-twelfth of $26.00 per certificate account for this service in addition to certain out-of-pocket expenses. On January 1, 2017, the monthly fee increased to one-twelfth of $30.00 per certificate account.
Depository Fees
In December 2008, ATC entered into an agreement with a subcustodian to provide depository services for ACC’s assets. As a result, the depository fees paid to ATC are asset-based with additional charges for transactional custody fees charged by the subcustodian.
ACC’s fees payable for distribution, investment advisory, transfer agent and depository services are included in Due to related party on its Consolidated Balance Sheets. The fees ACC incurred for these services are included in Ameriprise Financial and affiliated company fees on its Consolidated Statements of Operations.
8. Fair Values of Assets and Liabilities
GAAP defines fair value as 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; that is, an exit price. The exit price assumes the asset or liability is not exchanged subject to a forced liquidation or distressed sale.
Valuation Hierarchy
ACC categorizes its fair value measurements according to a three-level hierarchy. The hierarchy prioritizes the inputs used by ACC’s valuation techniques. A level is assigned to each fair value measurement based on the lowest level input that is significant to the fair value measurement in its entirety. The three levels of the fair value hierarchy are defined as follows:
Level 1 | Unadjusted quoted prices for identical assets or liabilities in active markets that are accessible at the measurement date. |
Level 2 | Prices or valuations based on observable inputs other than quoted prices in active markets for identical assets and liabilities. |
Level 3 | Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable. |
The following tables present the balances of assets and liabilities measured at fair value on a recurring basis:
December 31, 2016 | |||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
(in thousands) | |||||||||||||||
Assets | |||||||||||||||
Cash equivalents | $ | — | $ | 111,385 | $ | — | $ | 111,385 | |||||||
Available-for-Sale securities: | |||||||||||||||
Residential mortgage backed securities | — | 3,030,216 | 153,183 | 3,183,399 | |||||||||||
Corporate debt securities | — | 1,440,921 | 154,156 | 1,595,077 | |||||||||||
Commercial mortgage backed securities | — | 499,872 | — | 499,872 | |||||||||||
Asset backed securities | — | 595,635 | 30,788 | 626,423 | |||||||||||
State and municipal obligations | — | 48,510 | — | 48,510 | |||||||||||
U.S. government and agencies obligations | 420 | — | — | 420 | |||||||||||
Common stocks | 2,416 | 3,476 | 717 | 6,609 | |||||||||||
Total Available-for-Sale securities | 2,836 | 5,618,630 | 338,844 | 5,960,310 | |||||||||||
Equity derivative contracts | — | 45,098 | — | 45,098 | |||||||||||
Total assets at fair value | $ | 2,836 | $ | 5,775,113 | $ | 338,844 | $ | 6,116,793 | |||||||
Liabilities | |||||||||||||||
Stock market certificate embedded derivatives | $ | — | $ | 8,183 | $ | — | $ | 8,183 | |||||||
Equity derivative contracts | 6 | 38,313 | — | 38,319 | |||||||||||
Total liabilities at fair value | $ | 6 | $ | 46,496 | $ | — | $ | 46,502 | |||||||
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AMERIPRISE CERTIFICATE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
December 31, 2015 | |||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
(in thousands) | |||||||||||||||
Assets | |||||||||||||||
Cash equivalents | $ | — | $ | 134,537 | $ | — | $ | 134,537 | |||||||
Available-for-Sale securities: | |||||||||||||||
Residential mortgage backed securities | — | 2,327,512 | 196,334 | 2,523,846 | |||||||||||
Corporate debt securities | — | 1,226,161 | 190,304 | 1,416,465 | |||||||||||
Commercial mortgage backed securities | — | 319,371 | — | 319,371 | |||||||||||
Asset backed securities | — | 395,527 | 29,515 | 425,042 | |||||||||||
State and municipal obligations | — | 49,292 | — | 49,292 | |||||||||||
U.S. government and agencies obligations | 426 | — | — | 426 | |||||||||||
Common stocks | 1,941 | 4,067 | 229 | 6,237 | |||||||||||
Total Available-for-Sale securities | 2,367 | 4,321,930 | 416,382 | 4,740,679 | |||||||||||
Equity derivative contracts | — | 18,493 | — | 18,493 | |||||||||||
Total assets at fair value | $ | 2,367 | $ | 4,474,960 | $ | 416,382 | $ | 4,893,709 | |||||||
Liabilities | |||||||||||||||
Stock market certificate embedded derivatives | $ | — | $ | 4,130 | $ | — | $ | 4,130 | |||||||
Equity derivative contracts | 4 | 14,928 | — | 14,932 | |||||||||||
Total liabilities at fair value | $ | 4 | $ | 19,058 | $ | — | $ | 19,062 | |||||||
The following tables provide a summary of changes in Level 3 assets and liabilities measured at fair value on a recurring basis:
Available-for-Sale Securities | Total | |||||||||||||||||||
Residential Mortgage Backed Securities | Corporate Debt Securities | Asset Backed Securities | Common Stocks | |||||||||||||||||
(in thousands) | ||||||||||||||||||||
Balance, January 1, 2016 | $ | 196,334 | $ | 190,304 | $ | 29,515 | $ | 229 | $ | 416,382 | ||||||||||
Total gains (losses) included in: | ||||||||||||||||||||
Net income | 559 | (1,723 | ) | 101 | — | (1,063 | ) | (1) | ||||||||||||
Other comprehensive loss | 916 | 1,575 | (239 | ) | 65 | 2,317 | ||||||||||||||
Purchases | 74,845 | 6,000 | 48,372 | — | 129,217 | |||||||||||||||
Settlements | (57,486 | ) | (42,000 | ) | — | — | (99,486 | ) | ||||||||||||
Transfers into Level 3 | — | — | — | 668 | 668 | |||||||||||||||
Transfers out of Level 3 | (61,985 | ) | — | (46,961 | ) | (245 | ) | (109,191 | ) | |||||||||||
Balance, December 31, 2016 | $ | 153,183 | $ | 154,156 | $ | 30,788 | $ | 717 | $ | 338,844 | ||||||||||
Changes in unrealized gains (losses) relating to assets held at December 31, 2016 | $ | 560 | $ | (395 | ) | $ | — | $ | — | 165 | (2) | |||||||||
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AMERIPRISE CERTIFICATE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
Available-for-Sale Securities | Total | |||||||||||||||||||||||
Residential Mortgage Backed Securities | Corporate Debt Securities | Commercial Mortgage Backed Securities | Asset Backed Securities | Common Stocks | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Balance, January 1, 2015 | $ | 196,558 | $ | 165,501 | $ | — | $ | 18,188 | $ | 908 | $ | 381,155 | ||||||||||||
Total gains (losses) included in: | ||||||||||||||||||||||||
Net income | (82 | ) | (1,087 | ) | — | 132 | — | (1,037 | ) | (2) | ||||||||||||||
Other comprehensive loss | (1,302 | ) | (795 | ) | — | 198 | (73 | ) | (1,972 | ) | ||||||||||||||
Purchases | 263,089 | 36,685 | 9,992 | 31,973 | — | 341,739 | ||||||||||||||||||
Settlements | (51,008 | ) | (10,000 | ) | — | (16,502 | ) | — | (77,510 | ) | ||||||||||||||
Transfers into Level 3 | — | — | — | — | 171 | 171 | ||||||||||||||||||
Transfers out of Level 3 | (210,921 | ) | — | (9,992 | ) | (4,474 | ) | (777 | ) | (226,164 | ) | |||||||||||||
Balance, December 31, 2015 | $ | 196,334 | $ | 190,304 | $ | — | $ | 29,515 | $ | 229 | $ | 416,382 | ||||||||||||
Changes in unrealized gains (losses) relating to assets held at December 31, 2015 | $ | 176 | $ | (1,036 | ) | $ | — | $ | 132 | $ | — | $ | (728 | ) | (2) | |||||||||
Available-for-Sale Securities | Total | |||||||||||||||||||||||
Residential Mortgage Backed Securities | Corporate Debt Securities | Commercial Mortgage Backed Securities | Asset Backed Securities | Common Stocks | ||||||||||||||||||||
(in thousands) | ||||||||||||||||||||||||
Balance, January 1, 2014 | $ | 128,906 | $ | 123,032 | $ | — | $ | 37,152 | $ | 273 | $ | 289,363 | ||||||||||||
Total gains (losses) included in: | ||||||||||||||||||||||||
Net income | (364 | ) | (1,377 | ) | — | 124 | — | (1,617 | ) | (2) | ||||||||||||||
Other comprehensive loss | 339 | (476 | ) | — | (168 | ) | 28 | (277 | ) | |||||||||||||||
Purchases | 365,212 | 74,822 | 20,000 | 21,651 | 128 | 481,813 | ||||||||||||||||||
Settlements | (21,950 | ) | (30,500 | ) | — | (4,768 | ) | — | (57,218 | ) | ||||||||||||||
Transfers into Level 3 | — | — | — | — | 1,065 | 1,065 | ||||||||||||||||||
Transfers out of Level 3 | (275,585 | ) | — | (20,000 | ) | (35,803 | ) | (586 | ) | (331,974 | ) | |||||||||||||
Balance, December 31, 2014 | $ | 196,558 | $ | 165,501 | $ | — | $ | 18,188 | $ | 908 | $ | 381,155 | ||||||||||||
Changes in unrealized gains (losses) relating to assets held at December 31, 2014. | $ | (233 | ) | $ | (526 | ) | $ | — | $ | 157 | $ | — | $ | (602 | ) | (2) | ||||||||
(1) Represents a $1.1 million loss included in net realized gain (loss) on investments and a $73 thousand gain included in investment income in the Consolidated Statements of Operations. (2) Included in investment income in the Consolidated Statements of Operations. | ||||||||||||||||||||||||
Securities transferred from Level 3 primarily represent securities with fair values that are now obtained from a third party pricing service with observable inputs. Securities transferred to Level 3 represent securities with fair values that are now based on a single non-binding broker quote. ACC recognizes transfers between levels of the fair value hierarchy as of the beginning of the quarter in which each transfer occurred. For assets and liabilities held at the end of the reporting periods that are measured at fair value on a recurring basis, there were no transfers between Level 1 and Level 2.
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AMERIPRISE CERTIFICATE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
The following tables provide a summary of the significant unobservable inputs used in the fair value measurements developed by ACC or reasonably available to ACC of Level 3 assets:
December 31, 2016 | |||||||||||
Fair Value | Valuation Technique | Unobservable Input | Range | Weighted Average | |||||||
(in thousands) | |||||||||||
Corporate debt securities (private placements) | $ | 154,153 | Discounted cash flow | Yield/spread to U.S. Treasuries | 0.9% - 1.7% | 1.1% | |||||
December 31, 2015 | |||||||||||
Fair Value | Valuation Technique | Unobservable Input | Range | Weighted Average | |||||||
(in thousands) | |||||||||||
Corporate debt securities (private placements) | $ | 190,301 | Discounted cash flow | Yield/spread to U.S. Treasuries | 1.2% - 1.9% | 1.4% | |||||
Level 3 measurements not included in the table above are obtained from non-binding broker quotes where unobservable inputs utilized in the fair value calculation are not reasonably available to ACC.
Sensitivity of Fair Value Measurements to Changes in Unobservable Inputs
Significant increases (decreases) in the yield/spread to U.S. Treasuries used in the fair value measurement of Level 3 corporate debt securities in isolation would result in a significantly lower (higher) fair value measurement.
Determination of Fair Value
ACC uses valuation techniques consistent with the market and income approaches to measure the fair value of its assets and liabilities. ACC’s market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities. ACC’s income approach uses valuation techniques to convert future projected cash flows to a single discounted present value amount. When applying either approach, ACC maximizes the use of observable inputs and minimizes the use of unobservable inputs.
The following is a description of the valuation techniques used to measure fair value and the general classification of these instruments pursuant to the fair value hierarchy.
Cash Equivalents
Cash equivalents include highly liquid investments with original maturities of 90 days or less. ACC’s cash equivalents are classified as Level 2 and measured at amortized cost, which is a reasonable estimate of fair value because of the short time between the purchase of the instrument and its expected realization.
Available-for-Sale Securities
When available, the fair value of securities is based on quoted prices in active markets. If quoted prices are not available, fair values are obtained from third party pricing services, non-binding broker quotes, or other model-based valuation techniques. Level 1 securities primarily include U.S. Treasuries and common stocks. Level 2 securities primarily include residential mortgage backed securities, corporate bonds, commercial mortgage backed securities, asset backed securities, state and municipal obligations and common stock. The fair value of these Level 2 securities is based on a market approach with prices obtained from third party pricing services. Observable inputs used to value these securities can include, but are not limited to, reported trades, benchmark yields, issuer spreads and non-binding broker quotes. Level 3 securities primarily include certain non-agency residential mortgage backed securities, corporate bonds, commercial mortgage backed securities, asset backed securities and common stocks. The fair value of corporate bonds, non-agency residential mortgage backed securities, commercial mortgage backed securities and certain asset backed securities classified as Level 3 is typically based on a single non-binding broker quote. The underlying inputs used for some of the non-binding broker quotes are not readily available to ACC. ACC’s privately placed corporate bonds are typically based on a single non-binding broker quote. In addition to the general pricing controls, ACC reviews the broker prices to ensure that the broker quotes are reasonable and, when available, compares prices of privately issued securities to public issues from the same issuer to ensure that the implicit illiquidity premium applied to the privately placed investment is reasonable considering investment characteristics, maturity, and average life of the investment.
In consideration of the above, management is responsible for the fair values recorded on the financial statements. Prices received from third party pricing services are subjected to exception reporting that identifies investments with significant daily price movements as well as no movements. ACC reviews the exception reporting and resolves the exceptions through reaffirmation of the price or recording an appropriate fair value estimate. ACC also performs subsequent transaction testing. ACC performs annual due
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AMERIPRISE CERTIFICATE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
diligence of third party pricing services. ACC’s due diligence procedures include assessing the vendor’s valuation qualifications, control environment, analysis of asset-class specific valuation methodologies, and understanding of sources of market observable assumptions and unobservable assumptions, if any, employed in the valuation methodology. ACC also considers the results of its exception reporting controls and any resulting price challenges that arise.
Derivatives
The variation margin on futures contracts is classified as Level 1. The fair value of derivatives that are traded in less active over-the-counter (“OTC”) markets is generally measured using pricing models with market observable inputs such as interest rates and equity index levels. These measurements are classified as Level 2 within the fair value hierarchy and include options. The counterparties’ nonperformance risk associated with uncollateralized derivative assets was immaterial at December 31, 2016 and 2015. See Note 9 and Note 10 for further information on the credit risk of derivative instruments and related collateral.
Stock Market Certificate Embedded Derivatives
ACC uses various Black-Scholes calculations to determine the fair value of the embedded derivative liability associated with the provisions of its stock market certificates. The inputs to these calculations are primarily market observable and include interest rates, volatilities, and equity index levels. As a result, these measurements are classified as Level 2.
During the reporting periods, there were no material assets or liabilities measured at fair value on a nonrecurring basis.
The following tables provide the carrying value and the estimated fair value of financial instruments that are not reported at fair value. All other financial instruments that are reported at fair value have been included above in the tables with balances of assets and liabilities measured at fair value on a recurring basis.
December 31, 2016 | |||||||||||||||||||
Carrying Value | Fair Value | ||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||
(in thousands) | |||||||||||||||||||
Financial Assets | |||||||||||||||||||
Syndicated loans | $ | 88,665 | $ | — | $ | 85,368 | $ | 4,516 | $ | 89,884 | |||||||||
Commercial mortgage loans | 85,150 | — | — | 86,327 | 86,327 | ||||||||||||||
Certificate loans | 549 | — | 549 | — | 549 | ||||||||||||||
Financial Liabilities | |||||||||||||||||||
Certificate reserves | $ | 5,926,868 | $ | — | $ | — | $ | 5,913,672 | $ | 5,913,672 | |||||||||
December 31, 2015 | |||||||||||||||||||
Carrying Value | Fair Value | ||||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||
(in thousands) | |||||||||||||||||||
Financial Assets | |||||||||||||||||||
Syndicated loans | $ | 98,475 | $ | — | $ | 93,224 | $ | 2,947 | $ | 96,171 | |||||||||
Commercial mortgage loans | 97,910 | — | — | 99,424 | 99,424 | ||||||||||||||
Certificate loans | 686 | — | 686 | — | 686 | ||||||||||||||
Financial Liabilities | |||||||||||||||||||
Certificate reserves | $ | 4,830,766 | $ | — | $ | — | $ | 4,822,541 | $ | 4,822,541 | |||||||||
Syndicated Loans
The fair value of syndicated loans is obtained from a third party pricing service or non-binding broker quotes. Syndicated loans that are priced using a market approach with observable inputs are classified as Level 2 and loans priced using a single non-binding broker quote are classified as Level 3.
Commercial Mortgage Loans
The fair value of commercial mortgage loans, except those with significant credit deterioration, is determined by discounting contractual cash flows using discount rates that reflect current pricing for loans with similar remaining maturities, liquidity and characteristics including loan-to-value ratio, occupancy rate, refinance risk, debt service coverage, location, and property condition. For commercial mortgage loans with significant credit deterioration, fair value is determined using the same adjustments as above with an additional adjustment for ACC’s estimate of the amount recoverable on the loan. Given the significant unobservable inputs to the valuation of commercial mortgage loans, these measurements are classified as Level 3.
F-26
AMERIPRISE CERTIFICATE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
Certificate Loans
Certificate loans represent loans made against and collateralized by the underlying certificate balance. These loans do not transfer to third parties separate from the underlying certificate. The outstanding balance of these loans is considered a reasonable estimate of fair value and is classified as Level 2.
Certificate Reserves
The fair value of investment certificate reserves is determined by discounting cash flows using discount rates that reflect current pricing for contracts with similar terms and characteristics, with adjustments for early withdrawal behavior, penalty fees, expense margin and ACC’s nonperformance risk specific to these liabilities. Given the use of significant unobservable inputs to this valuation, the measurement is classified as Level 3.
9. Offsetting Assets and Liabilities
Certain derivative instruments are eligible for offset in the Consolidated Balance Sheets. ACC’s derivative instruments are subject to master netting arrangements and collateral arrangements and qualify for offset. A master netting arrangement with a counterparty creates a right of offset for amounts due to and from that same counterparty that is enforceable in the event of a default or bankruptcy. ACC’s policy is to recognize amounts subject to master netting arrangements on a gross basis in the Consolidated Balance Sheets.
The following tables present the gross and net information about ACC’s assets subject to master netting arrangements:
December 31, 2016 | |||||||||||||||||||||||
Gross Amounts of Recognized Assets | Gross Amounts Offset in the Consolidated Balance Sheets | Amounts of Assets Presented in the Consolidated Balance Sheets | Gross Amounts Not Offset in the Consolidated Balance Sheets | Net Amount | |||||||||||||||||||
Financial Instruments (1) | Cash Collateral | ||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||
Derivatives: | |||||||||||||||||||||||
OTC | $ | 45,098 | $ | — | $ | 45,098 | $ | (38,313 | ) | $ | (6,785 | ) | $ | — | |||||||||
Total | $ | 45,098 | $ | — | $ | 45,098 | $ | (38,313 | ) | $ | (6,785 | ) | $ | — | |||||||||
December 31, 2015 | |||||||||||||||||||||||
Gross Amounts of Recognized Assets | Gross Amounts Offset in the Consolidated Balance Sheets | Amounts of Assets Presented in the Consolidated Balance Sheets | Gross Amounts Not Offset in the Consolidated Balance Sheets | Net Amount | |||||||||||||||||||
Financial Instruments (1) | Cash Collateral | ||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||
Derivatives: | |||||||||||||||||||||||
OTC | $ | 18,493 | $ | — | $ | 18,493 | $ | (14,928 | ) | $ | (1,950 | ) | $ | 1,615 | |||||||||
Total | $ | 18,493 | $ | — | $ | 18,493 | $ | (14,928 | ) | $ | (1,950 | ) | $ | 1,615 | |||||||||
(1) Represents the amount of assets that could be offset by liabilities with the same counterparty under master netting or similar arrangements that management elects not to offset on the Consolidated Balance Sheets. | |||||||||||||||||||||||
The following tables present the gross and net information about ACC’s liabilities subject to master netting agreements:
December 31, 2016 | |||||||||||||||||||||||
Gross Amounts of Recognized Liabilities | Gross Amounts Offset in the Consolidated Balance Sheets | Amounts of Liabilities Presented in the Consolidated Balance Sheets | Gross Amounts Not Offset in the Consolidated Balance Sheets | Net Amount | |||||||||||||||||||
Financial Instruments (1) | Cash Collateral | ||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||
Derivatives: | |||||||||||||||||||||||
OTC | $ | 38,313 | $ | — | $ | 38,313 | $ | (38,313 | ) | $ | — | $ | — | ||||||||||
Exchange-traded | 6 | — | 6 | — | — | 6 | |||||||||||||||||
Total | $ | 38,319 | $ | — | $ | 38,319 | $ | (38,313 | ) | $ | — | $ | 6 | ||||||||||
F-27
AMERIPRISE CERTIFICATE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
December 31, 2015 | |||||||||||||||||||||||
Gross Amounts of Recognized Liabilities | Gross Amounts Offset in the Consolidated Balance Sheets | Amounts of Liabilities Presented in the Consolidated Balance Sheets | Gross Amounts Not Offset in the Consolidated Balance Sheets | Net Amount | |||||||||||||||||||
Financial Instruments (1) | Cash Collateral | ||||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||
Derivatives: | |||||||||||||||||||||||
OTC | $ | 14,928 | $ | — | $ | 14,928 | $ | (14,928 | ) | $ | — | $ | — | ||||||||||
Exchange-traded | 4 | — | 4 | — | — | 4 | |||||||||||||||||
Total | $ | 14,932 | $ | — | $ | 14,932 | $ | (14,928 | ) | $ | — | $ | 4 | ||||||||||
(1) Represents the amount of liabilities that could be offset by assets with the same counterparty under master netting or similar arrangements that management elects not to offset on the Consolidated Balance Sheets. | |||||||||||||||||||||||
In the tables above, the amounts of assets or liabilities presented in the Consolidated Balance Sheets are offset first by financial instruments that have the right of offset under master netting or similar arrangements, then any remaining amount is reduced by the amount of cash and securities collateral. The actual amounts of collateral may be greater than amounts presented in the tables.
See Note 10 for additional disclosures related to ACC’s derivative instruments.
10. Derivatives and Hedging Activities
Derivative instruments enable ACC to manage its exposure to various market risks. The value of such instruments is derived from an underlying variable or multiple variables, including equity and interest rate indices or prices. ACC primarily enters into derivative agreements for risk management purposes related to ACC’s products.
ACC uses derivatives as economic hedges of equity risk related to Stock Market Certificates (“SMC”). ACC does not designate any derivatives for hedge accounting. The following table presents the notional value and the gross fair value of derivative instruments, including embedded derivatives:
December 31, 2016 | December 31, 2015 | ||||||||||||||||||||||
Notional | Gross Fair Value | Notional | Gross Fair Value | ||||||||||||||||||||
Assets | Liabilities | Assets | Liabilities | ||||||||||||||||||||
(in thousands) | |||||||||||||||||||||||
Derivatives not designated as hedging instruments | |||||||||||||||||||||||
Equity contracts(1) | $ | 911,871 | $ | 45,098 | $ | 38,319 | $ | 935,957 | $ | 18,493 | $ | 14,932 | |||||||||||
Embedded derivatives | |||||||||||||||||||||||
Stock market certificates(2) | N/A | — | 8,183 | N/A | — | 4,130 | |||||||||||||||||
Total derivatives | $ | 911,871 | $ | 45,098 | $ | 46,502 | $ | 935,957 | $ | 18,493 | $ | 19,062 | |||||||||||
N/A Not applicable
(1) The gross fair value of equity contracts is included in Derivative assets and Derivative liabilities on the Consolidated Balance Sheets.
(2) The gross fair value of SMC embedded derivatives is included in Certificate reserves on the Consolidated Balance Sheets.
See Note 8 for additional information regarding ACC’s fair value measurement of derivative instruments.
The following tables present a summary of the impact of derivatives not designated as hedging instruments on the Consolidated Statements of Operations:
Derivatives not designated as hedging instruments | Location of Gain (Loss) on Derivatives Recognized in Income | Amount of Gain (Loss) on Derivatives Recognized in Income | ||||||||||||
Years Ended December 31, | ||||||||||||||
2016 | 2015 | 2014 | ||||||||||||
(in thousands) | ||||||||||||||
Equity contracts | ||||||||||||||
Stock market certificates | Net provision for certificate reserves | $ | 2,000 | $ | (84 | ) | $ | 3,126 | ||||||
Stock market certificates embedded derivatives | Net provision for certificate reserves | (2,199 | ) | 312 | (2,829 | ) | ||||||||
Total | $ | (199 | ) | $ | 228 | $ | 297 | |||||||
F-28
AMERIPRISE CERTIFICATE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
Ameriprise SMC offer a return based upon the relative change in a major stock market index between the beginning and end of the certificate’s term. The SMC product contains an embedded derivative. The equity based return of the certificate must be separated from the host contract and accounted for as a derivative instrument. As a result of fluctuations in equity markets, and the corresponding changes in value of the embedded derivative, the amount of expenses incurred by ACC related to the SMC product will positively or negatively impact reported earnings. As a means of hedging its obligations under the provisions for these certificates, ACC purchases and writes call options on the S&P 500 Index®. ACC views this strategy as a prudent management of equity market sensitivity, such that earnings are not exposed to undue risk presented by changes in equity market levels. ACC also purchases futures on the S&P 500 Index to economically hedge its obligations. The futures are marked-to-market daily and exchange traded, exposing ACC to minimal counterparty risk.
Ameriprise Step-Up Rate Certificates (“SRC”) offer the ability to step up to a higher crediting rate based upon the then-current rate for a new SRC with the same term. ACC does not currently hedge the interest rate risk related to the SRC product. The SRC product contains an embedded derivative which was not material as of December 31, 2016.
Credit Risk
Credit risk associated with ACC’s derivatives is the risk that a derivative counterparty will not perform in accordance with the terms of the applicable derivative contract. To mitigate such risk, ACC has established guidelines and oversight of credit risk through a comprehensive enterprise risk management program that includes members of senior management. Key components of this program are to require preapproval of counterparties and the use of master netting arrangements and collateral arrangements whenever practical. See Note 9 for additional information on ACC’s credit exposure related to derivative assets.
11. Shareholder’s Equity
The following table provides information related to amounts reclassified from accumulated other comprehensive income (loss) for the years ended December 31:
Accumulated Other Comprehensive Loss Reclassification | Location of Gain (Loss ) Recognized in Income | 2016 | 2015 | |||||||
(in thousands) | ||||||||||
Unrealized net losses (gains) on Available-for-Sale securities | Net realized gain (loss) on investments | $ | (1,007 | ) | $ | 1,698 | ||||
Tax expense (benefit) | Income tax expense (benefit) | 352 | (594 | ) | ||||||
Net of tax | $ | (655 | ) | $ | 1,104 | |||||
ACC received cash contributions of $33 million and $13 million from Ameriprise Financial during the years ended December 31, 2016 and 2015, respectively, to maintain compliance with minimum capital requirements. These contributions were received outside of the Capital Support Agreement between Ameriprise Financial and ACC. See Note 6 for additional information on the Capital Support Agreement.
12. Income Taxes
The components of income tax provision were as follows:
Years Ended December 31, | |||||||||||
2016 | 2015 | 2014 | |||||||||
(in thousands) | |||||||||||
Current income tax: | |||||||||||
Federal | $ | 6,952 | $ | 3,417 | $ | 4,496 | |||||
State and local | 1,192 | 926 | 420 | ||||||||
Total current income tax | 8,144 | 4,343 | 4,916 | ||||||||
Deferred income tax: | |||||||||||
Federal | 8,558 | 6,196 | 6,931 | ||||||||
State and local | 783 | 445 | (153 | ) | |||||||
Total deferred income tax | 9,341 | 6,641 | 6,778 | ||||||||
Total income tax provision | $ | 17,485 | $ | 10,984 | $ | 11,694 | |||||
F-29
AMERIPRISE CERTIFICATE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
The principal reasons that the aggregate income tax provision is different from that computed by using the U.S. statutory rate of 35% were as follows:
Years Ended December 31, | ||||||||
2016 | 2015 | 2014 | ||||||
Tax at U.S. statutory rate | 35.0 | % | 35.0 | % | 35.0 | % | ||
State income tax, net | 2.8 | 2.7 | 0.5 | |||||
Uncertain tax positions | — | (4.1 | ) | (0.1 | ) | |||
Taxes applicable to prior years | — | (1.0 | ) | (1.3 | ) | |||
Other | 0.4 | — | — | |||||
Income tax provision | 38.2 | % | 32.6 | % | 34.1 | % | ||
The higher effective tax rate for the year ended December 31, 2016 compared to 2015 is primarily due to the decrease of uncertain tax positions related to certain state income tax items in 2015. The lower effective tax rate for the year ended December 31, 2015 compared to 2014 is primarily due to the decrease of uncertain tax positions related to certain state income tax items in 2015.
ACC cash settles with Ameriprise Financial the change in its deferred federal income taxes on a quarterly basis. ACC’s deferred federal income taxes are presented net in Taxes receivable from parent or Taxes payable to parent on ACC’s Consolidated Balance Sheets. ACC had net deferred federal income taxes payable to Ameriprise Financial of $3.9 million and net deferred federal income taxes receivable from Ameriprise Financial of $4.5 million at December 31, 2016 and 2015, respectively. During the years ended December 31, 2016 and 2015, ACC paid Ameriprise Financial $7.5 million and $3.7 million, respectively, for the settlement of deferred federal income taxes.
ACC’s deferred state income taxes, as well as deferred state and federal income taxes for ACC’s subsidiary, Investors Syndicate Development Corp., are presented net in Deferred taxes, net on ACC’s Consolidated Balance Sheets. The significant components of deferred tax assets and liabilities included in Deferred taxes, net were as follows:
December 31, | |||||||
2016 | 2015 | ||||||
(in thousands) | |||||||
Deferred income tax assets: | |||||||
Certificate reserves | $ | 335 | $ | 91 | |||
Investment unrealized losses, net | 248 | 921 | |||||
Investments, including bond discounts and premiums | — | 937 | |||||
Other | 3 | — | |||||
Total deferred income tax assets | 586 | 1,949 | |||||
Deferred income tax liabilities: | |||||||
Investments, including bond discounts and premiums | 94 | — | |||||
Other | — | 2 | |||||
Total deferred income tax liabilities | 94 | 2 | |||||
Net deferred income tax assets | $ | 492 | $ | 1,947 | |||
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
2016 | 2015 | 2014 | |||||||||
(in thousands) | |||||||||||
Balance at January 1 | $ | 1,935 | $ | 5,514 | $ | 5,837 | |||||
Additions based on tax positions related to the current year | 782 | — | — | ||||||||
Additions for tax positions of prior years | 423 | — | — | ||||||||
Reductions for tax positions of prior years | (654 | ) | (3,579 | ) | (323 | ) | |||||
Balance at December 31 | $ | 2,486 | $ | 1,935 | $ | 5,514 | |||||
If recognized, approximately $1.6 million, $1.3 million and $2.5 million, net of federal tax benefits, of the unrecognized tax benefits as of December 31, 2016, 2015 and 2014, respectively, would affect the effective tax rate.
F-30
AMERIPRISE CERTIFICATE COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
It is reasonably possible that the total amount of unrecognized tax benefits will change in the next 12 months. ACC estimates that the total amount of gross unrecognized tax benefits may decrease by $600 to $700 thousand in the next 12 months primarily due to resolution of IRS examinations.
ACC recognizes interest and penalties related to unrecognized tax benefits as a component of the income tax provision. ACC recognized decreases of $1.4 million and $110 thousand and an increase of $161 thousand for interest and penalties for the years ended December 31, 2016, 2015 and 2014, respectively. At December 31, 2016 and 2015, ACC had a payable of $250 thousand and $1.7 million, respectively, related to accrued interest and penalties.
ACC files income tax returns, as part of its inclusion in the consolidated federal income tax returns of Ameriprise Financial, in the U.S. federal jurisdiction, and various states jurisdictions. In the fourth quarter of 2016, Ameriprise Financial received a cash settlement as final resolution to the 1997 through 2005 Internal Revenue Service (“IRS”) audit. The IRS has completed its field examination of the 2006 through 2011 tax returns and those years are effectively settled. The IRS is currently auditing Ameriprise Financial’s U.S. income tax returns for 2012 and 2013. Ameriprise Financial’s or its subsidiaries’, including ACC’s, state income tax returns are currently under examination by various jurisdictions for years ranging from 2008 through 2015 and remain open for all years after 2015.
13. Contingencies
The level of regulatory activity and inquiry in the financial services industry remains elevated. From time to time, ACC receives requests for information from, and/or has been subject to examination by, both the SEC and the Minnesota Department of Commerce concerning its business activities and practices. In addition, a number of state and federal regulatory agencies have initiated examinations and other inquiries related to unclaimed property and escheatment practices and procedures. The Ameriprise organization has cooperated and will continue to cooperate with applicable regulators regarding their inquiries.
ACC may in the normal course of business be a party to legal, regulatory or arbitration proceedings concerning matters arising in connection with the conduct of its business activities. The outcome of any such proceeding cannot be predicted with any certainty. ACC believes that it is not a party to, nor are any of its properties the subject of, any pending legal, regulatory or arbitration proceedings that are reasonably likely to have a material adverse effect on ACC’s financial condition, results of operations or liquidity. Notwithstanding the foregoing, it is possible that the outcome of any such legal, arbitration or regulatory proceedings could have a material impact on ACC’s results of operations in any particular reporting period as the proceedings are resolved.
F-31
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
CASH EQUIVALENTS | ||||||||||||||
COMMERCIAL PAPER | ||||||||||||||
COMCAST CORP | 1/4/2017 | — | % | $ | 17,000 | $ | 16,999 | $ | 16,999 | |||||
CONSUMERS ENERGY COMPANY | 1/10/2017 | — | 9,000 | 8,998 | 8,998 | |||||||||
EASTMAN CHEMICAL COMPANY | 1/9/2017 | — | 16,800 | 16,796 | 16,796 | |||||||||
ENTERPRISE PRODUCTS OPERATING | 1/3/2017 | — | 23,100 | 23,099 | 23,099 | |||||||||
KROGER CO | 1/3/2017 | — | 36,500 | 36,498 | 36,498 | |||||||||
SOUTH CAROLINA ELECTRIC & GAS | 1/19/2017 | — | 9,000 | 8,995 | 8,995 | |||||||||
TOTAL CASH EQUIVALENTS | 111,385 | 111,385 | ||||||||||||
FIXED MATURITIES | ||||||||||||||
U. S. GOVERNMENT AND AGENCIES OBLIGATIONS | ||||||||||||||
UNITED STATES TREASURY | 11/15/2028 | 5.250 | 200 | 211 | 255 | |||||||||
UNITED STATES TREASURY | 4/15/2017 | 0.875 | 165 | 165 | 165 | |||||||||
TOTAL U. S. GOVERNMENT AND AGENCIES OBLIGATIONS | 376 | 420 | ||||||||||||
STATE AND MUNICIPAL OBLIGATIONS | ||||||||||||||
CARSON CALIFORNIA REDEVELOPMENT AGENCY | 2/1/2017 | 2.261 | 1,330 | 1,330 | 1,330 | |||||||||
CARSON CALIFORNIA REDEVELOPMENT AGENCY | 2/1/2019 | 3.307 | 1,550 | 1,550 | 1,572 | |||||||||
CARSON CALIFORNIA REDEVELOPMENT AGENCY | 2/1/2020 | 3.757 | 3,205 | 3,205 | 3,280 | |||||||||
FLORIDA ST MID-BAY BRIDGE AUTHORITY | 10/1/2021 | 3.784 | 4,330 | 4,330 | 4,392 | |||||||||
HURST-EULESS-BEDFORD TEXAS INDPT SCHOOL DISTRICT | 8/15/2017 | — | 1,000 | 992 | 993 | |||||||||
LOS ANGELES CALIF MUN IMPT CORPORATION | 11/1/2019 | 2.846 | 3,000 | 3,000 | 3,069 | |||||||||
LOS ANGELES COUNTY CALIFORNIA REDEV AUTHORITY | 8/1/2019 | 2.644 | 2,425 | 2,425 | 2,455 | |||||||||
MICHIGAN STATE HOUSING DEVELOPMENT | 4/1/2018 | 1.446 | 2,030 | 2,030 | 2,018 | |||||||||
MICHIGAN STATE HOUSING DEVELOPMENT | 10/1/2019 | 1.822 | 1,460 | 1,460 | 1,437 | |||||||||
MICHIGAN STATE HOUSING DEVELOPMENT | 4/1/2020 | 1.946 | 1,080 | 1,080 | 1,055 | |||||||||
NEW HOPE CULTURAL EDU FACS FIN CORPORATION | 7/1/2018 | 3.330 | 1,380 | 1,380 | 1,374 | |||||||||
NEW HOPE CULTURAL EDU FACS FIN CORPORATION | 7/1/2019 | 3.780 | 2,155 | 2,155 | 2,144 | |||||||||
NEW HOPE CULTURAL EDU FACS FIN CORPORATION | 7/1/2020 | 4.125 | 2,810 | 2,810 | 2,785 | |||||||||
NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY | 6/15/2017 | 3.375 | 7,890 | 7,890 | 7,965 | |||||||||
NORTH CAROLINA EASTN MUN PWR AGENCY | 7/1/2017 | 1.561 | 3,500 | 3,500 | 3,500 | |||||||||
SACRAMENTO CALIF UNI SCH DISTRICT | 8/1/2017 | 1.248 | 3,000 | 3,000 | 2,995 | |||||||||
ST PAUL HSG REDEV AUTHORITY | 7/1/2018 | 1.838 | 2,000 | 2,000 | 2,009 | |||||||||
ST PAUL MINN HSG & REDEV AUTHORITY | 7/1/2017 | 1.400 | 4,135 | 4,135 | 4,137 | |||||||||
TOTAL STATE AND MUNICIPAL OBLIGATIONS | 48,272 | 48,510 | ||||||||||||
RESIDENTIAL MORTGAGE BACKED SECURITIES | ||||||||||||||
AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES: | ||||||||||||||
FANNIE MAE 06-36 GF | 5/25/2036 | 0.884 | 8,920 | 8,961 | 8,882 | |||||||||
FANNIE MAE 07-46 FB | 5/25/2037 | 0.954 | 3,322 | 3,331 | 3,312 | |||||||||
FANNIE MAE 09-107 FL | 2/25/2038 | 1.234 | 3,880 | 3,900 | 3,909 | |||||||||
FANNIE MAE 13-2 KF | 1/25/2037 | 0.764 | 12,388 | 12,358 | 12,263 | |||||||||
FANNIE MAE AF-2015-22C | 4/25/2045 | 0.883 | 30,318 | 30,214 | 30,121 | |||||||||
F-32
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
FANNIE MAE AF-2015-42 | 6/25/2055 | 0.863 | 33,040 | 32,863 | 32,504 | |||||||||
FANNIE MAE AF-2015-91 | 12/25/2045 | 0.903 | 32,473 | 32,326 | 32,259 | |||||||||
FANNIE MAE FA-2015-4 | 2/25/2045 | 0.883 | 15,636 | 15,658 | 15,591 | |||||||||
FANNIE MAE FNMA_15-50 | 7/25/2045 | 0.883 | 52,394 | 52,340 | 52,296 | |||||||||
FANNIE MAE FW-2015-84 | 11/25/2045 | 0.883 | 26,522 | 26,484 | 26,317 | |||||||||
FANNIE MAE 16-2 | 2/25/2056 | 1.097 | 10,677 | 10,664 | 10,657 | |||||||||
FANNIE MAE 16-40 | 7/25/2056 | 1.013 | 36,806 | 36,753 | 36,900 | |||||||||
FANNIE MAE 254590 | 1/1/2018 | 5.000 | 265 | 265 | 272 | |||||||||
FANNIE MAE 254591 | 1/1/2018 | 5.500 | 180 | 180 | 183 | |||||||||
FANNIE MAE 303970 | 9/1/2024 | 6.000 | 375 | 371 | 424 | |||||||||
FANNIE MAE 545492 | 2/1/2022 | 5.500 | 169 | 167 | 187 | |||||||||
FANNIE MAE 623866 | 2/1/2017 | 5.000 | 3 | 3 | 3 | |||||||||
FANNIE MAE 625943 | 3/1/2017 | 5.000 | 4 | 4 | 4 | |||||||||
FANNIE MAE 703446 | 5/1/2018 | 4.500 | 740 | 744 | 761 | |||||||||
FANNIE MAE 704592 | 5/1/2018 | 5.000 | 241 | 242 | 247 | |||||||||
FANNIE MAE 708635 | 6/1/2018 | 5.000 | 150 | 151 | 154 | |||||||||
FANNIE MAE 725558 | 6/1/2034 | 2.894 | 377 | 374 | 394 | |||||||||
FANNIE MAE 725694 | 7/1/2034 | 2.560 | 239 | 235 | 246 | |||||||||
FANNIE MAE 725719 | 7/1/2033 | 2.501 | 703 | 700 | 722 | |||||||||
FANNIE MAE 735034 | 10/1/2034 | 2.847 | 6,397 | 6,745 | 6,706 | |||||||||
FANNIE MAE 735702 | 7/1/2035 | 2.889 | 5,148 | 5,299 | 5,418 | |||||||||
FANNIE MAE 794787 | 10/1/2034 | 2.740 | 245 | 248 | 259 | |||||||||
FANNIE MAE 799733 | 11/1/2034 | 3.066 | 283 | 287 | 299 | |||||||||
FANNIE MAE 801337 | 9/1/2034 | 2.619 | 3,374 | 3,559 | 3,532 | |||||||||
FANNIE MAE 801917 | 10/1/2034 | 3.305 | 643 | 645 | 680 | |||||||||
FANNIE MAE 804561 | 9/1/2034 | 2.711 | 898 | 900 | 947 | |||||||||
FANNIE MAE 807219 | 1/1/2035 | 2.811 | 2,477 | 2,498 | 2,617 | |||||||||
FANNIE MAE 809532 | 2/1/2035 | 2.718 | 396 | 399 | 419 | |||||||||
FANNIE MAE 834552 | 8/1/2035 | 3.080 | 804 | 808 | 835 | |||||||||
FANNIE MAE 889335 | 6/1/2018 | 4.500 | 654 | 658 | 672 | |||||||||
FANNIE MAE 889485 | 6/1/2036 | 2.993 | 4,884 | 4,966 | 5,168 | |||||||||
FANNIE MAE 922674 | 4/1/2036 | 2.998 | 2,474 | 2,534 | 2,640 | |||||||||
FANNIE MAE 968438 | 1/1/2038 | 2.595 | 7,133 | 7,494 | 7,484 | |||||||||
FANNIE MAE 995123 | 8/1/2037 | 3.081 | 2,271 | 2,351 | 2,415 | |||||||||
FANNIE MAE 995548 | 9/1/2035 | 2.859 | 3,030 | 3,097 | 3,185 | |||||||||
FANNIE MAE 995604 | 11/1/2035 | 3.006 | 9,168 | 9,671 | 9,669 | |||||||||
FANNIE MAE 995614 | 8/1/2037 | 2.097 | 3,259 | 3,431 | 3,358 | |||||||||
FANNIE MAE AB1980 | 12/1/2020 | 3.000 | 3,724 | 3,770 | 3,824 | |||||||||
FANNIE MAE AB5230 | 5/1/2027 | 2.500 | 12,166 | 12,402 | 12,203 | |||||||||
FANNIE MAE AD0901 | 4/1/2040 | 2.741 | 7,537 | 8,016 | 7,965 | |||||||||
FANNIE MAE AE0559 | 12/1/2034 | 2.802 | 5,795 | 6,101 | 6,073 | |||||||||
FANNIE MAE AE0566 | 8/1/2035 | 2.948 | 5,332 | 5,612 | 5,654 | |||||||||
FANNIE MAE AF-2016-11 | 3/25/2046 | 1.033 | 19,737 | 19,704 | 19,780 | |||||||||
FANNIE MAE AF-2016-30 | 5/25/2046 | 1.033 | 39,225 | 39,200 | 39,242 | |||||||||
F-33
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
FANNIE MAE AF-204620 | 11/15/2042 | 1.057 | 23,687 | 23,648 | 23,725 | |||||||||
FANNIE MAE AL1037 | 1/1/2037 | 2.760 | 4,754 | 5,066 | 5,019 | |||||||||
FANNIE MAE AL2269 | 10/1/2040 | 3.089 | 8,052 | 8,565 | 8,454 | |||||||||
FANNIE MAE AL3935 | 9/1/2037 | 2.970 | 12,727 | 13,462 | 13,457 | |||||||||
FANNIE MAE AL3961 | 2/1/2039 | 2.661 | 9,579 | 10,113 | 10,072 | |||||||||
FANNIE MAE AL4100 | 9/1/2036 | 2.851 | 13,487 | 14,227 | 14,197 | |||||||||
FANNIE MAE AL4110 | 3/1/2037 | 2.930 | 10,059 | 10,583 | 10,607 | |||||||||
FANNIE MAE AL4114 | 2/1/2039 | 2.986 | 12,688 | 13,466 | 13,458 | |||||||||
FANNIE MAE AO8746 | 8/1/2027 | 2.500 | 22,260 | 22,945 | 22,328 | |||||||||
FANNIE MAE ARM 105989 | 8/1/2020 | 3.210 | 10 | 10 | 10 | |||||||||
FANNIE MAE ARM 190726 | 3/1/2033 | 4.825 | 145 | 148 | 153 | |||||||||
FANNIE MAE ARM 249907 | 2/1/2024 | 3.250 | 135 | 136 | 140 | |||||||||
FANNIE MAE ARM 303259 | 3/1/2025 | 2.629 | 57 | 58 | 59 | |||||||||
FANNIE MAE ARM 545786 | 6/1/2032 | 2.790 | 210 | 211 | 214 | |||||||||
FANNIE MAE ARM 620293 | 1/1/2032 | 2.525 | 211 | 209 | 221 | |||||||||
FANNIE MAE ARM 651629 | 8/1/2032 | 3.043 | 230 | 230 | 240 | |||||||||
FANNIE MAE ARM 654158 | 10/1/2032 | 2.535 | 353 | 354 | 373 | |||||||||
FANNIE MAE ARM 654195 | 10/1/2032 | 2.414 | 343 | 343 | 363 | |||||||||
FANNIE MAE ARM 655646 | 8/1/2032 | 3.043 | 250 | 250 | 260 | |||||||||
FANNIE MAE ARM 655798 | 8/1/2032 | 2.885 | 404 | 404 | 427 | |||||||||
FANNIE MAE ARM 661349 | 9/1/2032 | 2.550 | 148 | 148 | 157 | |||||||||
FANNIE MAE ARM 661501 | 9/1/2032 | 2.918 | 45 | 46 | 46 | |||||||||
FANNIE MAE ARM 661744 | 10/1/2032 | 2.596 | 361 | 363 | 382 | |||||||||
FANNIE MAE ARM 664521 | 10/1/2032 | 2.901 | 176 | 176 | 179 | |||||||||
FANNIE MAE ARM 664750 | 10/1/2032 | 2.985 | 321 | 322 | 338 | |||||||||
FANNIE MAE ARM 670731 | 11/1/2032 | 2.665 | 439 | 440 | 459 | |||||||||
FANNIE MAE ARM 670779 | 11/1/2032 | 2.665 | 510 | 513 | 532 | |||||||||
FANNIE MAE ARM 670890 | 12/1/2032 | 2.367 | 610 | 613 | 644 | |||||||||
FANNIE MAE ARM 670912 | 12/1/2032 | 2.312 | 515 | 516 | 543 | |||||||||
FANNIE MAE ARM 670947 | 12/1/2032 | 2.296 | 376 | 378 | 396 | |||||||||
FANNIE MAE ARM 694852 | 4/1/2033 | 2.690 | 227 | 231 | 239 | |||||||||
FANNIE MAE ARM 70007 | 7/1/2017 | 2.420 | — | — | — | |||||||||
FANNIE MAE ARM 70117 | 9/1/2017 | 2.250 | — | — | — | |||||||||
FANNIE MAE ARM 722779 | 9/1/2033 | 2.506 | 776 | 778 | 801 | |||||||||
FANNIE MAE ARM 733525 | 8/1/2033 | 2.737 | 587 | 565 | 609 | |||||||||
FANNIE MAE ARM 739194 | 9/1/2033 | 2.936 | 512 | 513 | 534 | |||||||||
FANNIE MAE ARM 743256 | 10/1/2033 | 2.950 | 294 | 291 | 307 | |||||||||
FANNIE MAE ARM 743856 | 11/1/2033 | 2.625 | 264 | 264 | 276 | |||||||||
FANNIE MAE ARM 758873 | 12/1/2033 | 3.046 | 449 | 445 | 471 | |||||||||
FANNIE MAE ARM 88879 | 11/1/2019 | 2.880 | 41 | 41 | 41 | |||||||||
FANNIE MAE ARM 89125 | 8/1/2019 | 2.128 | 46 | 46 | 47 | |||||||||
FANNIE MAE AS4507 | 2/1/2030 | 3.000 | 11,351 | 11,800 | 11,725 | |||||||||
FANNIE MAE AS4878 | 4/1/2030 | 3.000 | 14,601 | 15,177 | 15,081 | |||||||||
FANNIE MAE DF-2015-38 | 6/25/2055 | 0.843 | 51,824 | 51,481 | 51,470 | |||||||||
F-34
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
FANNIE MAE DF-2016-69 | 10/25/2046 | 1.156 | 23,802 | 23,806 | 23,767 | |||||||||
FANNIE MAE FA-2015-55 | 8/25/2055 | 0.883 | 22,507 | 22,420 | 22,326 | |||||||||
FANNIE MAE FA-204624 | 12/15/2038 | 1.067 | 57,075 | 56,964 | 57,198 | |||||||||
FANNIE MAE GF-204639 | 3/15/2036 | 1.074 | 56,548 | 56,442 | 56,673 | |||||||||
FANNIE MAE HYBRID ARM 566074 | 5/1/2031 | 2.818 | 309 | 309 | 324 | |||||||||
FANNIE MAE HYBRID ARM 584507 | 6/1/2031 | 2.743 | 203 | 202 | 216 | |||||||||
FANNIE MAE KF-2015-27 | 5/25/2045 | 0.884 | 23,379 | 23,309 | 23,253 | |||||||||
FANNIE MAE MA0099 | 6/1/2019 | 4.000 | 1,030 | 1,035 | 1,060 | |||||||||
FANNIE MAE MA0598 | 12/1/2020 | 3.500 | 3,281 | 3,353 | 3,419 | |||||||||
FANNIE MAE MA1144 | 8/1/2027 | 2.500 | 11,067 | 11,425 | 11,249 | |||||||||
FANNIE MAE_05-103 | 7/25/2035 | 1.256 | 22,890 | 22,989 | 22,988 | |||||||||
FANNIE MAE_07-6 | 2/25/2037 | 1.206 | 13,089 | 13,111 | 13,090 | |||||||||
FANNIE MAE_15-93 | 8/25/2045 | 1.106 | 20,429 | 20,379 | 20,381 | |||||||||
FANNIE MAE_16-11 | 3/25/2046 | 1.167 | 23,890 | 23,925 | 23,983 | |||||||||
FANNIE MAE_16-64 | 9/25/2046 | 1.087 | 26,687 | 26,682 | 26,656 | |||||||||
FANNIE MAY_09-101 | 12/25/2039 | 1.596 | 19,887 | 20,186 | 20,211 | |||||||||
FREDDIE MAC 3370 TF | 10/15/2037 | 0.868 | 847 | 847 | 848 | |||||||||
FREDDIE MAC 4159 FD | 1/15/2043 | 0.888 | 13,026 | 13,073 | 12,985 | |||||||||
FREDDIE MAC 4363 2014 FA | 9/15/2041 | 0.897 | 9,348 | 9,356 | 9,289 | |||||||||
FREDDIE MAC AF-204521 | 5/15/2041 | 0.857 | 40,646 | 40,581 | 40,565 | |||||||||
FREDDIE MAC FB-204495 | 11/15/2038 | 0.877 | 29,437 | 29,317 | 29,177 | |||||||||
FREDDIE MAC LF-204475 | 4/15/2040 | 0.837 | 7,691 | 7,690 | 7,677 | |||||||||
FREDDIE MAC WF-204491 | 8/15/2039 | 0.847 | 14,492 | 14,486 | 14,373 | |||||||||
FREDDIE MAC 1H2520 | 6/1/2035 | 2.801 | 7,340 | 7,788 | 7,744 | |||||||||
FREDDIE MAC 1N1474 | 5/1/2037 | 2.972 | 2,883 | 2,994 | 3,049 | |||||||||
FREDDIE MAC 1Q1515 | 11/1/2038 | 2.853 | 27,633 | 29,224 | 29,266 | |||||||||
FREDDIE MAC 1Q1540 | 6/1/2040 | 2.881 | 14,218 | 15,196 | 15,077 | |||||||||
FREDDIE MAC 1Q1548 | 8/1/2038 | 2.752 | 12,578 | 13,253 | 13,252 | |||||||||
FREDDIE MAC 1Q1572 | 5/1/2038 | 2.732 | 21,811 | 23,048 | 23,019 | |||||||||
FREDDIE MAC 3812 BE | 9/15/2018 | 2.750 | 820 | 824 | 829 | |||||||||
FREDDIE MAC 4595 | 10/15/2037 | 1.174 | 21,704 | 21,704 | 21,855 | |||||||||
FREDDIE MAC 781884 | 8/1/2034 | 2.856 | 1,151 | 1,164 | 1,214 | |||||||||
FREDDIE MAC 848416 | 2/1/2041 | 2.788 | 13,261 | 13,856 | 14,045 | |||||||||
FREDDIE MAC 848530 | 9/1/2039 | 2.878 | 6,261 | 6,619 | 6,653 | |||||||||
FREDDIE MAC 848922 | 4/1/2037 | 2.873 | 7,305 | 7,794 | 7,738 | |||||||||
FREDDIE MAC 849281 | 8/1/2037 | 2.775 | 8,922 | 9,523 | 9,497 | |||||||||
FREDDIE MAC AF-204559 | 3/15/2042 | 1.027 | 24,112 | 24,031 | 24,176 | |||||||||
FREDDIE MAC ARM 350190 | 5/1/2022 | 2.875 | 30 | 31 | 30 | |||||||||
FREDDIE MAC ARM 405014 | 1/1/2019 | 2.438 | 10 | 10 | 10 | |||||||||
FREDDIE MAC ARM 405092 | 3/1/2019 | 2.375 | 6 | 6 | 6 | |||||||||
FREDDIE MAC ARM 405185 | 10/1/2018 | 2.439 | 18 | 18 | 18 | |||||||||
FREDDIE MAC ARM 405243 | 7/1/2019 | 2.760 | 23 | 23 | 23 | |||||||||
FREDDIE MAC ARM 405437 | 10/1/2019 | 2.650 | 27 | 27 | 27 | |||||||||
FREDDIE MAC ARM 405615 | 10/1/2019 | 2.232 | 4 | 4 | 4 | |||||||||
F-35
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
FREDDIE MAC ARM 606024 | 2/1/2019 | 2.256 | 8 | 8 | 8 | |||||||||
FREDDIE MAC ARM 606025 | 7/1/2019 | 1.825 | 19 | 19 | 19 | |||||||||
FREDDIE MAC ARM 780514 | 5/1/2033 | 2.823 | 432 | 442 | 455 | |||||||||
FREDDIE MAC ARM 780845 | 9/1/2033 | 2.837 | 264 | 257 | 274 | |||||||||
FREDDIE MAC ARM 780903 | 9/1/2033 | 2.795 | 352 | 349 | 371 | |||||||||
FREDDIE MAC ARM 785363 | 2/1/2025 | 2.868 | 32 | 32 | 33 | |||||||||
FREDDIE MAC ARM 788941 | 12/1/2031 | 2.625 | 25 | 25 | 25 | |||||||||
FREDDIE MAC ARM 840031 | 1/1/2019 | 2.625 | 2 | 2 | 2 | |||||||||
FREDDIE MAC ARM 840035 | 1/1/2019 | 2.431 | 9 | 9 | 9 | |||||||||
FREDDIE MAC ARM 840036 | 1/1/2019 | 2.375 | 9 | 9 | 9 | |||||||||
FREDDIE MAC ARM 840072 | 6/1/2019 | 2.589 | 22 | 22 | 22 | |||||||||
FREDDIE MAC ARM 845154 | 7/1/2022 | 2.715 | 35 | 36 | 37 | |||||||||
FREDDIE MAC ARM 845523 | 11/1/2023 | 2.380 | 5 | 5 | 5 | |||||||||
FREDDIE MAC ARM 845654 | 2/1/2024 | 2.995 | 86 | 86 | 88 | |||||||||
FREDDIE MAC ARM 845730 | 11/1/2023 | 2.692 | 144 | 147 | 149 | |||||||||
FREDDIE MAC ARM 845733 | 4/1/2024 | 2.803 | 155 | 157 | 163 | |||||||||
FREDDIE MAC ARM 846107 | 2/1/2025 | 3.365 | 40 | 41 | 41 | |||||||||
FREDDIE MAC ARM 846702 | 10/1/2029 | 2.681 | 39 | 40 | 41 | |||||||||
FREDDIE MAC ARM 865008 | 2/1/2018 | 3.125 | 10 | 10 | 10 | |||||||||
FREDDIE MAC C90581 | 8/1/2022 | 5.500 | 155 | 154 | 172 | |||||||||
FREDDIE MAC C90582 | 9/1/2022 | 5.500 | 95 | 95 | 105 | |||||||||
FREDDIE MAC E01140 | 5/1/2017 | 6.000 | 37 | 37 | 37 | |||||||||
FREDDIE MAC E90153 | 6/1/2017 | 6.000 | 10 | 10 | 10 | |||||||||
FREDDIE MAC E90154 | 6/1/2017 | 6.000 | 17 | 17 | 17 | |||||||||
FREDDIE MAC E91041 | 9/1/2017 | 5.000 | 61 | 61 | 63 | |||||||||
FREDDIE MAC E95403 | 3/1/2018 | 5.000 | 101 | 101 | 103 | |||||||||
FREDDIE MAC E95671 | 4/1/2018 | 5.000 | 145 | 146 | 149 | |||||||||
FREDDIE MAC F4-20328 | 2/15/2038 | 0.877 | 13,273 | 13,293 | 13,189 | |||||||||
FREDDIE MAC FA-204547 | 9/15/2040 | 1.056 | 18,799 | 18,776 | 18,748 | |||||||||
FREDDIE MAC FL-204523 | 8/15/2038 | 0.877 | 22,783 | 22,661 | 22,743 | |||||||||
FREDDIE MAC G11298 | 8/1/2017 | 5.000 | 67 | 67 | 69 | |||||||||
FREDDIE MAC G30227 | 5/1/2023 | 5.500 | 537 | 549 | 594 | |||||||||
FREDDIE MAC J32518 | 8/1/2030 | 3.000 | 21,639 | 22,427 | 22,237 | |||||||||
FREDDIE MAC KF-204560 | 7/15/2040 | 1.077 | 29,087 | 29,055 | 29,026 | |||||||||
FREDDIE MAC T-76 2A | 10/25/2037 | 3.223 | 10,363 | 10,564 | 10,486 | |||||||||
FREDDIE MAC_4248 | 5/15/2041 | 1.154 | 20,303 | 20,338 | 20,303 | |||||||||
FREDDIE MAC_4301 | 7/15/2037 | 1.104 | 24,531 | 24,531 | 24,495 | |||||||||
FREDDIE MAC_4448 | 5/15/2040 | 0.937 | 19,848 | 19,744 | 19,727 | |||||||||
GINNIE MAE MF-2016-108 | 8/20/2046 | 0.917 | 3,810 | 3,793 | 3,804 | |||||||||
GINNIE MAE AF-2014-129 | 10/20/2041 | 0.833 | 12,056 | 12,044 | 12,111 | |||||||||
GINNIE MAE AF-2014-94 | 11/20/2041 | 1.067 | 8,215 | 8,232 | 8,146 | |||||||||
GINNIE MAE AF-2015-18 | 2/20/2040 | 0.863 | 18,483 | 18,513 | 18,130 | |||||||||
GINNIE MAE II 082431 | 12/20/2039 | 2.000 | 9,464 | 9,846 | 9,783 | |||||||||
GINNIE MAE II 082464 | 1/20/2040 | 2.000 | 3,256 | 3,500 | 3,372 | |||||||||
F-36
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
GINNIE MAE II 082497 | 3/20/2040 | 2.000 | 6,284 | 6,676 | 6,498 | |||||||||
GINNIE MAE II 082573 | 7/20/2040 | 2.125 | 7,895 | 8,181 | 8,146 | |||||||||
GINNIE MAE II 082581 | 7/20/2040 | 2.125 | 9,440 | 10,126 | 9,776 | |||||||||
GINNIE MAE II 082602 | 8/20/2040 | 2.125 | 16,456 | 17,673 | 16,987 | |||||||||
GINNIE MAE II 082710 | 1/20/2041 | 2.000 | 8,140 | 8,470 | 8,410 | |||||||||
GINNIE MAE II 082794 | 4/20/2041 | 2.500 | 10,129 | 10,814 | 10,438 | |||||||||
GINNIE MAE II ARM 8157 | 3/20/2023 | 2.000 | 68 | 68 | 69 | |||||||||
GINNIE MAE II ARM 8206 | 3/20/2017 | 2.000 | 1 | 1 | 1 | |||||||||
GINNIE MAE II ARM 8240 | 7/20/2017 | 2.125 | 2 | 2 | 2 | |||||||||
GINNIE MAE II ARM 8251 | 8/20/2017 | 2.125 | — | — | — | |||||||||
GINNIE MAE II ARM 8274 | 10/20/2017 | 2.500 | 11 | 11 | 11 | |||||||||
GINNIE MAE II ARM 8283 | 11/20/2017 | 2.500 | — | — | — | |||||||||
GINNIE MAE II ARM 8293 | 12/20/2017 | 2.500 | 2 | 2 | 2 | |||||||||
GINNIE MAE II ARM 8341 | 4/20/2018 | 2.500 | 1 | 1 | 1 | |||||||||
GINNIE MAE II ARM 8353 | 5/20/2018 | 2.500 | 6 | 6 | 6 | |||||||||
GINNIE MAE II ARM 8365 | 6/20/2018 | 2.500 | 8 | 8 | 8 | |||||||||
GINNIE MAE II ARM 8377 | 7/20/2018 | 2.500 | 4 | 4 | 4 | |||||||||
GINNIE MAE II ARM 8428 | 11/20/2018 | 3.500 | 2 | 2 | 2 | |||||||||
GINNIE MAE II ARM 8440 | 12/20/2018 | 3.500 | 7 | 7 | 7 | |||||||||
GINNIE MAE II ARM 8638 | 6/20/2025 | 2.125 | 103 | 104 | 106 | |||||||||
GINNIE MAE LF-2015-82 | 4/20/2041 | 0.833 | 14,480 | 14,481 | 14,512 | |||||||||
TOTAL AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES | 1,565,169 | 1,562,312 | ||||||||||||
NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES: | ||||||||||||||
ADJUSTABLE RATE MORTGAGE TRUST 04-2 6A1 | 2/25/2035 | 3.120 | 783 | 793 | 783 | |||||||||
AMERICAN HOME MORTGAGE INVESTMENT TRUST 5A-2004-4 | 2/25/2045 | 3.293 | 4,960 | 5,014 | 4,868 | |||||||||
APS RESECURITIZATION TRUST 1A-2016-3 | 11/27/2066 | 3.006 | 24,358 | 24,194 | 24,177 | |||||||||
APS RESECURITIZATION TRUST 2A-2015-1 | 8/28/2054 | 0.726 | 12,687 | 12,285 | 12,370 | |||||||||
APS RESECURITIZATION TRUST 2A-2016-3 | 11/27/2046 | 3.006 | 15,814 | 15,700 | 15,701 | |||||||||
BANK OF AMERICA FUNDING CORPORATION 05-F 4A1 | 9/20/2035 | 3.128 | 1,987 | 1,725 | 1,720 | c | ||||||||
BANK OF AMERICA FUNDING CORPORATION 05-G A3 | 10/20/2035 | 3.094 | 1,974 | 1,875 | 1,862 | |||||||||
BANK OF AMERICA FUNDING CORPORATION 7A1-2015-R4 | 11/27/2045 | 3.008 | 14,074 | 14,019 | 14,153 | |||||||||
BANK OF AMERICA FUNDING CORPORATION A1-2016-R1 | 3/25/2040 | 2.500 | 40,418 | 40,158 | 39,670 | |||||||||
BANK OF AMERICA MORTGAGE SECURITY 04-5 3A3 | 6/25/2019 | 5.000 | 169 | 170 | 169 | |||||||||
BANK OF AMERICA MORTGAGE SECURITY 06-B 2A1 | 11/20/2046 | 3.004 | 1,127 | 1,009 | 962 | c | ||||||||
BANK OF AMERICA MORTGAGE SECURITY 2003-I 2A6 | 10/25/2033 | 3.265 | 1,991 | 1,984 | 2,034 | |||||||||
BANK OF AMERICA MORTGAGE SECURITY 2004-B B1 | 3/25/2034 | 3.040 | 4,169 | 4,157 | 3,722 | |||||||||
BANK OF AMERICA MORTGAGE SECURITY 2004-E 2A6 | 6/25/2034 | 3.342 | 3,555 | 3,538 | 3,556 | |||||||||
BAYVIEW OPPORTUNITY MASTER FUND A-2016-SPL1 | 4/28/2055 | 4.000 | 39,219 | 40,424 | 40,392 | |||||||||
BAYVIEW OPPORTUNITY MASTER FUND A-2016-SPL2 | 6/28/2053 | 4.000 | 36,400 | 37,456 | 37,459 | |||||||||
BCAP LLC TRUST 09-RR1 21A1 | 11/26/2034 | 3.034 | 384 | 378 | 384 | |||||||||
BCAP LLC TRUST 09-RR1 22A1 | 5/26/2035 | 3.010 | 2,624 | 2,579 | 2,624 | |||||||||
BCAP LLC TRUST 09-RR1 23A1 | 5/26/2035 | 3.013 | 1,678 | 1,645 | 1,678 | |||||||||
BCAP LLC TRUST 11-RR10 3A5 | 6/26/2035 | 3.013 | 5,746 | 5,742 | 5,750 | |||||||||
F-37
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
BCAP LLC TRUST 12-RR10 4A1 | 3/26/2036 | 3.002 | 9,888 | 9,945 | 9,859 | |||||||||
BCAP LLC TRUST 12-RR10 9A1 | 10/26/2035 | 3.108 | 2,750 | 2,760 | 2,761 | |||||||||
BCAP LLC TRUST 12-RR11 6A1 | 7/26/2036 | 3.079 | 4,856 | 4,897 | 4,846 | |||||||||
BCAP LLC TRUST 12-RR12 2A1 | 6/26/2035 | 3.000 | 481 | 481 | 480 | |||||||||
BCAP LLC TRUST 12-RR3 3A5 | 7/26/2037 | 2.591 | 406 | 405 | 405 | |||||||||
BCAP LLC TRUST 12-RR3 8A1 | 7/26/2035 | 3.068 | 2,520 | 2,533 | 2,512 | |||||||||
BCAP LLC TRUST 12-RR3 9A5 | 1/26/2036 | 3.289 | 1,502 | 1,512 | 1,492 | |||||||||
BCAP LLC TRUST 12-RR5 7A5 | 10/26/2036 | 3.121 | 2,381 | 2,382 | 2,379 | |||||||||
BCAP LLC TRUST 12-RR6 2A6 | 5/26/2036 | 2.756 | 2,830 | 2,822 | 2,818 | |||||||||
BCAP LLC TRUST 13-RR1 1A1 | 11/26/2035 | 2.982 | 2,664 | 2,674 | 2,669 | |||||||||
BCAP LLC TRUST 13-RR7 2A1 | 6/26/2037 | 2.581 | 4,203 | 4,219 | 4,193 | |||||||||
BCAP LLC TRUST 13-RR8 1A1 | 5/26/2036 | 3.227 | 4,593 | 4,613 | 4,584 | |||||||||
BCAP LLC TRUST 13-RR9 1A1 | 1/26/2036 | 3.289 | 7,358 | 7,383 | 7,396 | |||||||||
BCAP LLC TRUST 3A1-2014-RR2 | 9/26/2046 | 1.501 | 8,738 | 8,548 | 8,606 | |||||||||
BCAP LLC TRUST 4A1-2013-RR7 | 12/27/2034 | 3.607 | 10,295 | 10,423 | 10,465 | |||||||||
BEAR STEARNS ALT-A TRUST 05-2 2A5 | 4/25/2035 | 3.539 | 1,870 | 1,866 | 1,528 | |||||||||
BEAR STEARNS FUNDING TRUST 06-AR5 1A2 | 12/25/2046 | 0.643 | 1,040 | 756 | 659 | c | ||||||||
BELLA VISTA MORTGAGE TRUST 05-1 4A | 2/22/2035 | 3.041 | 2,665 | 2,658 | 2,644 | |||||||||
CENTEX HOME EQUITY CXHEA 2003-A AF4 | 12/25/2031 | 4.250 | 1,471 | 1,457 | 1,463 | |||||||||
CHASE MORTGAGE FINANCE 07-A1 1A5 | 2/25/2037 | 3.167 | 6,254 | 6,199 | 6,092 | |||||||||
CHASEFLEX TRUST 07-M1 1A1 | 8/25/2037 | 0.603 | 7,648 | 7,802 | 5,997 | c | ||||||||
CITIGROUP MORTGAGE LOAN TRUST 05-3 | 8/25/2035 | 3.041 | 1,424 | 1,307 | 1,302 | c | ||||||||
CITIGROUP MORTGAGE LOAN TRUST 10-7 2A1 | 2/25/2035 | 2.981 | 940 | 940 | 952 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST 10-8 5A6 | 11/25/2036 | 4.000 | 99 | 99 | 99 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST 10-9 2A1 | 11/25/2035 | 2.990 | 358 | 359 | 357 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST 11-2 3A1 | 9/25/2037 | 3.387 | 224 | 223 | 224 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST 12-4 2A1 | 11/25/2035 | 3.357 | 1,184 | 1,183 | 1,177 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST 12-6 1A1 | 4/25/2037 | 3.122 | 3,193 | 3,193 | 3,193 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST 12-6 2A1 | 8/25/2036 | 2.808 | 2,501 | 2,503 | 2,500 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST 12-7 10A1 | 9/25/2036 | 3.234 | 2,480 | 2,478 | 2,473 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST 12-7 11A1 | 9/25/2035 | 3.154 | 428 | 428 | 428 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST 13-7 2A1 | 8/25/2036 | 2.808 | 5,833 | 5,847 | 5,753 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST 13-9 2A1 | 9/25/2034 | 2.964 | 10,182 | 10,216 | 10,127 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST 1A1-2014-11 | 10/25/2035 | 3.119 | 12,775 | 12,994 | 12,909 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST 1A1-2014-2 | 2/20/2036 | 3.077 | 10,879 | 10,936 | 10,862 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST 1A1-2015-11 | 3/25/2035 | 3.061 | 23,280 | 23,446 | 23,336 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST 1A1-2015-9 | 2/20/2036 | 3.243 | 10,120 | 10,169 | 10,054 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST 2A1-2014-2 | 4/25/2036 | 3.191 | 12,423 | 12,475 | 12,175 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST 2A1-2014-5 | 2/20/2036 | 3.105 | 13,059 | 13,164 | 13,092 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST 2A1-2015-9 | 2/25/2036 | 3.073 | 15,742 | 15,831 | 15,640 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST 3A1-2012-4 | 3/25/2036 | 3.009 | 4,193 | 4,216 | 4,183 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST 3A1-2013-11 | 9/25/2034 | 3.079 | 5,097 | 5,153 | 5,123 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST 3A1-2014-6 | 11/25/2035 | 1.883 | 15,098 | 14,911 | 14,871 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST 3A1-2015-5 | 8/25/2034 | 3.109 | 9,431 | 9,558 | 9,520 | |||||||||
F-38
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
CITIGROUP MORTGAGE LOAN TRUST 4A1-2015-5 | 4/20/2035 | 3.023 | 22,166 | 22,341 | 22,169 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST 5A1-2014-11 | 11/25/2036 | 3.250 | 6,510 | 6,576 | 6,598 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST 5A1-2015-5 | 1/25/2036 | 0.842 | 11,526 | 11,115 | 10,921 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST A1-2015-PS1 | 9/25/2042 | 3.750 | 20,060 | 20,330 | 20,628 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST A4-2015-A | 6/25/2058 | 4.250 | 1,750 | 1,819 | 1,813 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST CMLTI_13 1A1 | 3/25/2035 | 3.322 | 9,407 | 9,473 | 9,420 | |||||||||
COLT FUNDING LLC A1-2016-3 | 12/26/2046 | 2.800 | 34,300 | 34,328 | 34,360 | |||||||||
COLT FUNDING LLC 6-2 | 9/25/2046 | 2.750 | 10,267 | 10,318 | 10,245 | |||||||||
COUNTRYWIDE HOME EQUITY LOAN TRUST 04-K 2A | 2/15/2034 | 0.808 | 158 | 87 | 146 | c | ||||||||
COUNTRYWIDE HOME LOANS 03-46 4A1 | 1/19/2034 | 3.138 | 4,968 | 5,091 | 4,970 | |||||||||
COUNTRYWIDE HOME LOANS 05-HYB7 5A1 | 11/20/2035 | 2.635 | 4,935 | 3,576 | 4,145 | c | ||||||||
COUNTYWIDE ALTERNATIVE LOAN 04-33 2A1 | 12/25/2034 | 3.316 | 414 | 419 | 404 | |||||||||
COUNTYWIDE ALTERNATIVE LOAN 05-24 2A1 | 7/20/2035 | 1.720 | 1,935 | 1,374 | 1,623 | c | ||||||||
COUNTYWIDE ALTERNATIVE LOAN 05-27 1A4 | 8/25/2035 | 1.761 | 2,284 | 1,628 | 1,608 | c | ||||||||
CREDIT SUISSE COMMERCIAL MORTGAGE 13-2R 1A1 | 5/27/2036 | 2.000 | 330 | 329 | 329 | |||||||||
CREDIT SUISSE COMMERCIAL MORTGAGE 13-2R 6A1 | 9/27/2036 | 3.329 | 5,588 | 5,659 | 5,681 | |||||||||
CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES 04-AR3 5A1 | 4/25/2034 | 2.988 | 3,550 | 3,600 | 3,658 | |||||||||
CREDIT SUISSE MORTGAGE CAPITAL 09-2R 1A12 | 9/26/2034 | 3.039 | 26,418 | 26,441 | 26,273 | |||||||||
CREDIT SUISSE MORTGAGE CAPITAL 09-2R 1A13 | 9/26/2034 | 3.039 | 28,874 | 28,877 | 28,483 | |||||||||
CREDIT SUISSE MORTGAGE CAPITAL 10-17R 1A1 | 6/26/2036 | 2.966 | 3,612 | 3,612 | 3,675 | |||||||||
CREDIT SUISSE MORTGAGE CAPITAL 13-8R 6A1 | 5/27/2037 | 0.824 | 3,393 | 3,373 | 3,372 | |||||||||
CREDIT SUISSE MORTGAGE CAPITAL 3A1-2014-12R | 6/27/2037 | 0.704 | 280 | 280 | 272 | |||||||||
CREDIT SUISSE MORTGAGE CAPITAL 3A1-2015-7R | 10/27/2036 | 0.896 | 17,377 | 16,763 | 16,737 | |||||||||
CREDIT SUISSE MORTGAGE CAPITAL A6-2015-1R | 12/27/2035 | 3.565 | 11,415 | 11,587 | 11,653 | |||||||||
CREDIT SUISSE MORTGAGE CAPTIAL 13-11R 1A1 | 6/27/2034 | 2.750 | 7,798 | 7,798 | 7,713 | |||||||||
CREDIT SUISSE MORTGAGE CAPTIAL 13-11R 2A1 | 5/27/2034 | 2.750 | 13,634 | 13,643 | 13,401 | |||||||||
CREDIT SUISSE MORTGAGE CAPTIAL 15A1-2014-11 | 1/27/2036 | 2.994 | 19,354 | 19,528 | 19,408 | |||||||||
CREDIT SUISSE MORTGAGE CAPTIAL 1A1-2015-6R | 7/27/2035 | 3.107 | 15,094 | 15,267 | 15,177 | |||||||||
CREDIT SUISSE MORTGAGE CAPTIAL 5A1-2014-5R | 7/27/2037 | 2.500 | 7,778 | 7,778 | 7,602 | |||||||||
CREDIT SUISSE MORTGAGE TRUST 2A12-2010-2R | 10/26/2036 | 3.180 | 28,060 | 28,421 | 28,343 | |||||||||
CREDIT SUISSE MORTGAGE TRUST 2A12-2010-7R | 4/26/2037 | 4.000 | 4,977 | 5,036 | 4,948 | |||||||||
CREDIT SUISSE MORTGAGE TRUST 2A14-2009-11 | 9/26/2036 | 2.969 | 3,094 | 3,117 | 3,078 | |||||||||
CREDIT SUISSE MORTGAGE TRUST 6A12-2010-2R | 7/26/2037 | 4.341 | 6,240 | 6,324 | 6,268 | |||||||||
DEUTSCHE ALTA SECURITIES INC 06-AR6 A4 | 2/25/2037 | 0.603 | 6,288 | 2,563 | 5,616 | c | ||||||||
DEUTSCHE ALTA SECURITIES INC 07-AR1 A4 | 1/25/2047 | 0.593 | 6,150 | 6,235 | 5,143 | c | ||||||||
DEUTSCHE ALTA SECURITIES INC 07-OA1 A1 | 2/25/2047 | 0.674 | 3,216 | 2,718 | 2,304 | c | ||||||||
EQUITY ONE ABS INC 04-3 AF4 | 7/25/2034 | 4.826 | 1,649 | 1,649 | 1,677 | |||||||||
FIRST HORIZON ALTERNATIVE MORTGAGE 04-AA4 A1 | 10/25/2034 | 2.838 | 1,040 | 1,055 | 1,047 | |||||||||
FIRST HORIZON ALTERNATIVE MORTGAGE 04-AA7 1A1 | 2/25/2035 | 2.746 | 783 | 791 | 705 | |||||||||
FIRST HORIZON ALTERNATIVE MORTGAGE 05-AA2 IA1 | 3/25/2035 | 2.728 | 1,454 | 1,478 | 1,322 | |||||||||
FIRST HORIZON ALTERNATIVE MORTGAGE 05-AA3 3A1 | 5/25/2035 | 2.972 | 3,109 | 3,136 | 2,945 | |||||||||
GMAC MORTGAGE CORPORATION LOAN 2004-AR2 3A | 8/19/2034 | 3.629 | 803 | 805 | 781 | |||||||||
GMAC MORTGAGE CORPORATION LOAN 2004-AR2 5A1 | 8/19/2034 | 3.699 | 1,031 | 1,032 | 1,032 | |||||||||
GOLDMAN SACHS MORTGAGE SECURITIES CORPORATION 05-AR1 2A1 | 1/25/2035 | 3.463 | 2,526 | 2,536 | 2,569 | |||||||||
F-39
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
GOLDMAN SACHS MORTGAGE SECURITIES CORPORATION 05-AR3 6A1 | 5/25/2035 | 3.102 | 2,178 | 2,187 | 2,035 | |||||||||
GOLDMAN SACHS MORTGAGE SECURITIES CORPORATION 05-AR5 2A1 | 10/25/2035 | 2.826 | 3,590 | 3,285 | 3,130 | c | ||||||||
GOLDMAN SACHS MORTGAGE SECURITIES CORPORATION 05-AR7 2A1 | 11/25/2035 | 3.357 | 1,552 | 1,466 | 1,503 | |||||||||
GOLDMAN SACHS MORTGAGE SECURITIES CORPORATION 09-1R 2A1 | 11/25/2035 | 3.096 | 547 | 532 | 545 | |||||||||
GOLDMAN SACHS MORTGAGE SECURITIES CORPORATION 09-1R 3A1 | 11/25/2035 | 3.040 | 926 | 889 | 924 | |||||||||
GOLDMAN SACHS MORTGAGE SECURITIES CORPORATION 2A-2014-4R | 8/26/2035 | 3.655 | 11,467 | 11,686 | 11,645 | |||||||||
GREENPOINT MORTGAGE FUNDING TRUST 05-AR5 4A1 | 11/25/2045 | 2.376 | 4,906 | 4,341 | 3,637 | c | ||||||||
HARBORVIEW MORTGAGE LOAN TRUST 04-10 4A | 1/19/2035 | 3.052 | 660 | 665 | 657 | |||||||||
HARBORVIEW MORTGAGE LOAN TRUST 04-7 3A1 | 11/19/2034 | 2.617 | 949 | 942 | 923 | |||||||||
HARBORVIEW MORTGAGE LOAN TRUST 05-15 3A1A1 | 10/20/2045 | 2.410 | 6,158 | 5,492 | 5,382 | c | ||||||||
HARBORVIEW MORTGAGE LOAN TRUST 05-8 2A2A | 9/19/2035 | 2.117 | 1,808 | 1,479 | 1,276 | c | ||||||||
HARBORVIEW MORTGAGE LOAN TRUST 06-14 2A1B | 1/25/2047 | 0.639 | 2,447 | 1,053 | 779 | c | ||||||||
HARBORVIEW MORTGAGE LOAN TRUST 2004-1 4A | 4/19/2034 | 3.150 | 314 | 316 | 315 | |||||||||
HARBORVIEW MORTGAGE LOAN TRUST 2004-4 3A | 6/19/2034 | 1.658 | 87 | 86 | 83 | |||||||||
HARBORVIEW MORTGAGE LOAN TRUST 2004-6 5A | 8/19/2034 | 3.408 | 277 | 275 | 275 | |||||||||
INDYMAC INDX MORTGAGE LOAN TRUST 05-AR5 2A1 | 5/25/2035 | 2.737 | 2,999 | 2,674 | 2,563 | c | ||||||||
JEFFERIES & CO 09-R12 1A1 | 2/26/2035 | 3.001 | 1,926 | 1,906 | 1,937 | |||||||||
JEFFERIES & CO 09-R12 2A1 | 1/26/2035 | 3.167 | 933 | 923 | 943 | |||||||||
JEFFERIES & CO 09-R3 1A1 | 12/26/2035 | 2.964 | 1,442 | 1,401 | 1,446 | |||||||||
JEFFERIES & CO 2A-2009-R2 | 12/26/2037 | 3.160 | 4,497 | 4,497 | 4,497 | |||||||||
JEFFERIES & CO A1-2015-R1 | 12/26/2036 | 0.743 | 9,524 | 9,085 | 9,143 | |||||||||
JP MORGAN REREMIC 10-5 3A1 | 8/26/2036 | 2.805 | 326 | 326 | 326 | |||||||||
JP MORGAN REREMIC 11-2 5A3 | 3/26/2036 | 3.000 | 1,170 | 1,164 | 1,170 | |||||||||
JP MORGAN REREMIC 3A1-2009-10 | 10/26/2035 | 3.072 | 10,470 | 10,553 | 10,557 | |||||||||
LUMINENT MORTGAGE TRUST 06-6 2A2 | 10/25/2046 | 0.673 | 1,288 | 184 | 863 | c | ||||||||
MASTR ADJUSTABLE RATE MORTGAGES TRUST 05-1 3A1 | 2/25/2035 | 4.373 | 1,533 | 1,552 | 1,436 | |||||||||
MERRILL LYNCH MORTGAGE INVESTOR 05-A2 A2 | 2/25/2035 | 2.688 | 1,896 | 1,896 | 1,912 | |||||||||
MERRILL LYNCH MORTGAGE INVESTORS TRUST 03-A5 2A6A | 8/25/2033 | 3.013 | 1,299 | 1,297 | 1,329 | |||||||||
MERRILL LYNCH MORTGAGE INVESTORS TRUST 05-A1 2A | 12/25/2034 | 3.032 | 853 | 855 | 866 | |||||||||
MILL CITY MORTGAGE LOAN TRUST A1-2015-1 | 6/25/2056 | 2.230 | 12,738 | 12,724 | 12,755 | |||||||||
MILL CITY MORTGAGE LOAN TRUST A1-2015-2 | 9/25/2057 | 3.000 | 10,190 | 10,221 | 10,260 | |||||||||
MILL CITY MORTGAGE LOAN TRUST A1-2016-1 | 4/25/2057 | 2.500 | 22,426 | 22,554 | 22,316 | |||||||||
MILL CITY MORTGAGE TRUST A2-2015-1 | 6/25/2056 | 3.000 | 27,500 | 27,609 | 27,713 | |||||||||
MLCC MORTGAGE INVESTORS INC 04-1 2A2 | 12/25/2034 | 2.812 | 519 | 520 | 521 | |||||||||
MORGAN STANLEY MORTGAGE LOAN 04-10AR A1 | 11/25/2034 | 3.483 | 537 | 544 | 539 | |||||||||
MORGAN STANLEY MORTGAGE LOAN PT2A | 11/25/2034 | 3.012 | 1,075 | 1,092 | 1,088 | |||||||||
MORGAN STANLEY REREMIC TRUST 10A-2013-R8 | 9/26/2036 | 3.001 | 5,093 | 5,129 | 5,096 | |||||||||
MORGAN STANLEY REREMIC TRUST 10-R6 3A | 9/26/2036 | 0.962 | 1,262 | 1,255 | 1,239 | |||||||||
MORGAN STANLEY REREMIC TRUST 13-R1 5A | 11/26/2036 | 2.617 | 4,828 | 4,870 | 4,834 | |||||||||
MORGAN STANLEY REREMIC TRUST 13-R3 11A | 2/26/2036 | 3.229 | 4,340 | 4,340 | 4,330 | |||||||||
MORGAN STANLEY REREMIC TRUST 13-R3 1A | 2/26/2036 | 3.338 | 13,618 | 13,686 | 13,696 | |||||||||
MORGAN STANLEY REREMIC TRUST 13-R3 4A | 12/26/2036 | 2.658 | 5,314 | 5,336 | 5,298 | |||||||||
MORGAN STANLEY REREMIC TRUST 13-R3 5A | 11/26/2036 | 2.617 | 3,632 | 3,619 | 3,616 | |||||||||
MORGAN STANLEY REREMIC TRUST 13-R8 1A | 9/26/2036 | 3.016 | 20,101 | 20,420 | 19,984 | |||||||||
F-40
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
MORGAN STANLEY REREMIC TRUST 1A-2010-R1 | 7/26/2035 | 3.090 | 15,156 | 15,283 | 15,250 | |||||||||
MORGAN STANLEY REREMIC TRUST 1A-2010-R3 | 7/26/2035 | 3.130 | 6,489 | 6,542 | 6,495 | |||||||||
MORGAN STANLEY REREMIC TRUST 1A-2010-R5 | 1/26/2035 | 2.807 | 5,288 | 5,328 | 5,293 | |||||||||
MORGAN STANLEY REREMIC TRUST 1A-2013-R9 | 6/26/2046 | 2.983 | 5,778 | 5,830 | 5,752 | |||||||||
MORGAN STANLEY REREMIC TRUST 2010-R2 1A | 9/26/2035 | 3.043 | 1,701 | 1,752 | 1,703 | |||||||||
MORGAN STANLEY REREMIC TRUST 2A-2014-R4 | 8/26/2034 | 3.126 | 22,016 | 22,361 | 22,043 | |||||||||
MORGAN STANLEY REREMIC TRUST 2A-2015-R1 | 11/20/2036 | 2.981 | 8,196 | 8,206 | 8,155 | |||||||||
MORGAN STANLEY REREMIC TRUST 2A-2015-R7 | 6/26/2035 | 3.145 | 9,666 | 9,716 | 9,722 | |||||||||
MORGAN STANLEY REREMIC TRUST 3A-2013-R8 | 9/26/2036 | 3.242 | 6,267 | 6,316 | 6,264 | |||||||||
MORGAN STANLEY REREMIC TRUST 3A-2014-R4 | 8/26/2034 | 3.087 | 17,330 | 17,569 | 17,445 | |||||||||
MORGAN STANLEY REREMIC TRUST 4A-2013-R8 | 9/26/2036 | 3.242 | 2,753 | 2,778 | 2,772 | |||||||||
MORGAN STANLEY REREMIC TRUST 4A-2015-R4 | 8/26/2047 | 3.158 | 15,982 | 16,039 | 16,062 | |||||||||
MORGAN STANLEY REREMIC TRUST 5A-2013-R9 | 6/26/2046 | 0.939 | 14,776 | 14,427 | 14,168 | |||||||||
MORGAN STANLEY REREMIC TRUST 6A-2013-R8 | 9/26/2036 | 2.983 | 3,381 | 3,391 | 3,374 | |||||||||
MORGAN STANLEY REREMIC TRUST 7A-2013-R8 | 9/26/2036 | 3.079 | 6,091 | 6,146 | 6,029 | |||||||||
MORGAN STANLEY REREMIC TRUST 8A-2015-R3 | 4/26/2047 | 2.761 | 9,753 | 9,860 | 9,795 | |||||||||
MORGAN STANLEY REREMIC TRUST A1-2014-R6 | 9/26/2035 | 3.269 | 28,453 | 28,887 | 28,933 | |||||||||
MORGAN STANLEY REREMIC TRUST A-2014-R7 | 1/26/2051 | 3.000 | 25,841 | 25,296 | 25,064 | |||||||||
NATIONSTAR MORTGAGE LOAN TRUST A-2013-A | 12/25/2052 | 3.750 | 3,249 | 3,317 | 3,357 | |||||||||
NEW RESIDENTIAL MORTGAGE LOAN TRUST A1-2016-1A | 3/25/2056 | 3.750 | 20,382 | 20,953 | 20,804 | |||||||||
NEW RESIDENTIAL MORTGAGE LOAN TRUST A1-2016-2 | 9/25/2056 | 3.750 | 33,845 | 35,191 | 34,489 | |||||||||
NEW RESIDENTIAL MORTGAGE LOAN TRUST A1-2016-2A | 11/26/2035 | 3.750 | 12,857 | 13,242 | 13,102 | |||||||||
NEW RESIDENTIAL MORTGAGE LOAN TRUST A1-2016-4A | 11/25/2056 | 3.750 | 34,198 | 35,224 | 35,241 | |||||||||
NEW RESIDENTIAL MORTGAGE LOAN TRUST A3-2014-3 | 11/25/2054 | 3.750 | 6,419 | 6,562 | 6,541 | |||||||||
NOMURA RESECURITIZATION TRUST 1A1-2015-6R | 4/26/2037 | 0.792 | 11,617 | 11,057 | 11,085 | |||||||||
NOMURA RESECURITIZATION TRUST 3A1-2014-7R | 1/26/2036 | 3.289 | 7,353 | 7,457 | 7,514 | |||||||||
NOMURA RESECURITIZATION TRUST 4A1-2015-4R | 3/26/2037 | 2.828 | 12,144 | 12,164 | 12,320 | |||||||||
NOMURA RESECURITIZATION TRUST 5A1-2014-6R | 4/26/2037 | 2.952 | 4,498 | 4,553 | 4,577 | |||||||||
RBSSP RESECURITIZATION TRUST 12-6 8A1 | 4/26/2035 | 1.084 | 4,814 | 4,668 | 4,625 | |||||||||
RBSSP RESECURITIZATION TRUST 19A1-2009-12 | 12/25/2035 | 2.847 | 15,609 | 15,574 | 15,830 | |||||||||
RBSSP RESECURITIZATION TRUST 2009-8 1A1 | 4/26/2036 | 3.154 | 3,120 | 3,134 | 3,131 | |||||||||
RBSSP RESECURITIZATION TRUST 2A1-2009-6 | 1/26/2036 | 2.846 | 7,642 | 7,686 | 7,726 | |||||||||
RBSSP RESECURITIZATION TRUST 7A3-2010-12 | 12/27/2035 | 4.000 | 1,113 | 1,120 | 1,115 | |||||||||
RENAISSANCE HOME EQUITY LOAN 05-3 AF3 | 11/25/2035 | 4.814 | 1,483 | 1,479 | 1,487 | |||||||||
RESIDENTIAL ACCREDIT LOANS INC 05-QA2 A1II | 2/25/2035 | 3.167 | 2,956 | 2,514 | 2,464 | c | ||||||||
RESIDENTIAL ACCREDIT LOANS INC 07-QO1 A2 | 2/25/2047 | 0.623 | 1,310 | 50 | 361 | c | ||||||||
RESIDENTIAL ASSET SECURITIES 03-K10 AI6 | 12/25/2033 | 4.540 | 425 | 428 | 435 | |||||||||
RESIDENTIAL ASSET SECURITIES CORPORATION 2004-KS9 AI6 | 10/25/2034 | 4.620 | 1,110 | 632 | 1,011 | c | ||||||||
RESIDENTIAL FUNDING MORTGAGE SECTION I 05-SA2 IIIA3 | 6/25/2035 | 3.329 | 2,227 | 2,231 | 2,173 | |||||||||
RESIDENTIAL FUNDING MORTGAGE SECTION I 06-RP1 | 10/25/2045 | 0.685 | 5,589 | 5,552 | 5,533 | |||||||||
STRUCTURED ASSET INVESTMENT LOAN TRUST M1-2003-BC5 | 6/25/2033 | 1.709 | 7,134 | 6,907 | 7,064 | |||||||||
STRUCTURED ASSET SECURITIES CORPORATION 03-24A 5A | 7/25/2033 | 3.131 | 362 | 368 | 360 | |||||||||
TOWD POINT MORTGAGE TRUST 1A12-2015-2 | 11/25/2060 | 2.750 | 4,168 | 4,144 | 4,190 | |||||||||
TOWD POINT MORTGAGE TRUST A1-2015-5 | 5/25/2055 | 3.500 | 12,575 | 12,787 | 12,897 | |||||||||
F-41
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
TOWD POINT MORTGAGE TRUST A1-2015-6 | 4/25/2055 | 3.500 | 16,032 | 16,200 | 16,469 | |||||||||
TOWD POINT MORTGAGE TRUST A1-2016-1 | 2/25/2055 | 3.500 | 22,446 | 22,784 | 23,020 | |||||||||
TOWD POINT MORTGAGE TRUST A1-2016-2 | 8/25/2055 | 3.000 | 20,636 | 20,778 | 20,920 | |||||||||
TOWD POINT MORTGAGE TRUST A1-2016-3 | 8/25/2055 | 2.250 | 35,307 | 35,256 | 35,060 | |||||||||
TOWD POINT MORTGAGE TRUST A1A-2015-3 | 3/25/2054 | 3.500 | 13,099 | 13,284 | 13,352 | |||||||||
TOWD POINT MORTGAGE TRUST A1B-2015-3 | 3/25/2054 | 3.000 | 6,549 | 6,584 | 6,600 | |||||||||
TOWD POINT MORTGAGE TRUST A4B-2015-3 | 3/25/2054 | 3.500 | 5,697 | 5,814 | 5,779 | |||||||||
WASHINGTON MUTUAL 03-AR6 A1 | 6/25/2033 | 2.899 | 1,458 | 1,454 | 1,472 | |||||||||
WASHINGTON MUTUAL 04-AR10 A1A | 7/25/2044 | 1.065 | 888 | 891 | 816 | |||||||||
WASHINGTON MUTUAL 05-AR10 1A3 | 9/25/2035 | 2.748 | 7,651 | 7,644 | 7,448 | |||||||||
WASHINGTON MUTUAL 05-AR3 A2 | 3/25/2035 | 2.798 | 2,309 | 2,317 | 2,321 | |||||||||
WASHINGTON MUTUAL 05-AR4 A5 | 4/25/2035 | 2.792 | 6,103 | 6,082 | 6,110 | |||||||||
WELLS FARGO MORTGAGE BACKED SECURITY 03-M A1 | 12/25/2033 | 3.000 | 1,145 | 1,179 | 1,146 | |||||||||
WELLS FARGO MORTGAGE BACKED SECURITY 04-DD 2A6 | 1/25/2035 | 3.014 | 2,003 | 2,001 | 2,031 | |||||||||
WELLS FARGO MORTGAGE BACKED SECURITY 04-I 1A1 | 7/25/2034 | 3.135 | 2,132 | 2,135 | 2,182 | |||||||||
WELLS FARGO MORTGAGE BACKED SECURITY 04-K 2A6 | 7/25/2034 | 3.098 | 1,939 | 2,004 | 1,974 | |||||||||
WELLS FARGO MORTGAGE BACKED SECURITY 04-W A8 | 11/25/2034 | 3.003 | 5,888 | 5,898 | 6,055 | |||||||||
WELLS FARGO MORTGAGE BACKED SECURITY 05-AR12 2A5 | 6/25/2035 | 3.013 | 2,673 | 2,538 | 2,758 | |||||||||
WELLS FARGO MORTGAGE BACKED SECURITY 05-AR2 2A2 | 3/25/2035 | 2.908 | 557 | 558 | 562 | |||||||||
WELLS FARGO MORTGAGE BACKED SECURITY 05-AR2 3A1 | 3/25/2035 | 2.876 | 1,279 | 1,270 | 1,307 | |||||||||
WELLS FARGO MORTGAGE BACKED SECURITY 2004-0 A1 | 8/25/2034 | 2.995 | 296 | 294 | 302 | |||||||||
WELLS FARGO MORTGAGE BACKED SECURITY 2004-Q 1A2 | 9/25/2034 | 3.004 | 3,716 | 3,767 | 3,813 | |||||||||
WELLS FARGO MORTGAGE BACKED SECURITY 2907 AG | 1/25/2035 | 3.040 | 850 | 852 | 859 | |||||||||
WELLS FARGO MORTGAGE BACKED SECURITY 2A2-2005-AR1 | 6/25/2035 | 3.010 | 10,702 | 10,940 | 11,104 | |||||||||
TOTAL NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES | 1,626,886 | 1,621,087 | ||||||||||||
TOTAL RESIDENTIAL MORTGAGE BACKED SECURITIES | 3,192,055 | 3,183,399 | ||||||||||||
ASSET BACKED SECURITIES | ||||||||||||||
ACCESS GROUP INC ACCESS 06-1 A2 | 8/25/2023 | 0.935 | 695 | 687 | 691 | |||||||||
AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST A-2016-1A | 5/12/2020 | 2.370 | 2,121 | 2,121 | 2,126 | |||||||||
ARES CLO LTD DEF_04014JAA | 4/15/2025 | 1.980 | 40,000 | 39,943 | 39,947 | |||||||||
ARL FIRST LLC ARLFR A1-2012-1A | 12/15/2042 | 2.288 | 10,960 | 11,046 | 10,647 | |||||||||
ATRIUM CDO CORPORATION 10A | 7/16/2025 | 2.000 | 25,000 | 24,983 | 24,976 | |||||||||
AVIS BUDGET RENTAL CAR FUNDING 2015-2A | 12/20/2021 | 2.630 | 15,000 | 15,174 | 14,832 | |||||||||
BRAZOS HIGHER EDUCATION AUTHORITY A2-2010-1 | 2/25/2035 | 2.125 | 20,000 | 19,758 | 19,650 | |||||||||
CARLYLE GLOBAL MARKET STRATEGIES DEF_14310BAA | 2/14/2025 | 2.187 | 20,000 | 20,000 | 20,000 | |||||||||
CENTRE POINT FUNDING LLC 12-2 A | 8/20/2021 | 2.610 | 761 | 761 | 748 | |||||||||
CHESAPEAKE FUNDING II LLC A1-2016-1A | 3/15/2028 | 2.110 | 6,887 | 6,886 | 6,875 | |||||||||
CLI FUNDING LLC A-2014-1A | 6/18/2029 | 3.290 | 11,206 | 11,220 | 10,688 | |||||||||
COLLEGE LOAN CORPORATION TRUST 02-2 A24 | 3/1/2042 | 1.768 | 10,000 | 8,697 | 9,656 | |||||||||
CRONOS CONTAINERS PROGRAM LTD 13-1 A | 4/18/2028 | 3.080 | 5,637 | 5,662 | 5,388 | |||||||||
DIAMOND RESORTS OWNER TRUST A-2013-2 | 5/20/2026 | 2.270 | 1,910 | 1,909 | 1,896 | |||||||||
DRYDEN SENIOR LOAN FUND A4A-2008-1 | 10/15/2028 | 0.978 | 20,000 | 20,037 | 20,038 | |||||||||
DRYDEN SENIOR LOAN FUND DEF_26250UAC | 7/15/2025 | 1.980 | 40,000 | 40,000 | 39,847 | |||||||||
F-42
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
DT AUTO OWNER TRUST A-2015-3A | 3/15/2019 | 1.660 | 1,121 | 1,121 | 1,121 | |||||||||
EDUCATIONAL SERVICES OF AMERICA A-2014-1 | 2/25/2039 | 1.456 | 19,281 | 18,994 | 19,000 | |||||||||
EXETER AUTOMOBILE RECEIVABLES A-2015-1A | 6/17/2019 | 1.600 | 1,021 | 1,021 | 1,021 | |||||||||
EXETER AUTOMOBILE RECEIVABLES A-2015-2A | 11/15/2019 | 1.540 | 1,254 | 1,254 | 1,254 | |||||||||
FIRST INVESTORS AUTO OWNER TRUST A2-2016-1A | 4/15/2021 | 2.260 | 13,200 | 13,200 | 13,214 | |||||||||
GLOBAL SUPPLY CHAIN FINANCE A1-2014-1A | 7/17/2029 | 3.190 | 7,583 | 7,582 | 7,282 | |||||||||
GREEN TREE AGENCY ADVANCE FUND AT1-2016-TI | 10/15/2048 | 2.380 | 13,250 | 13,244 | 13,142 | |||||||||
HENDERSON RECEIVABLES LLC 10-3A A | 12/15/2048 | 3.820 | 1,343 | 1,344 | 1,356 | |||||||||
HERTZ VEHICLE FINANCING LLC A-2015-2A | 9/25/2019 | 2.020 | 4,475 | 4,474 | 4,427 | |||||||||
HERTZ VEHICLE FINANCING LLC A-2016-1A | 3/25/2020 | 2.320 | 17,105 | 17,102 | 16,997 | |||||||||
HILTON GRAND VACATIONS TRUST 13-A A | 1/25/2026 | 2.280 | 3,339 | 3,339 | 3,325 | |||||||||
KENTUCKY HIGHER EDUCATION STUDENT LOAN A1-2013-2 | 9/1/2028 | 1.133 | 8,773 | 8,575 | 8,675 | |||||||||
MISSISSIPPI HIGHER EDUCATION ASSISTANCE CORP. A1-2014-1 | 10/25/2035 | 1.264 | 7,506 | 7,321 | 7,308 | |||||||||
MVW OWNER TRUST MVWOT_16-1A | 12/20/2033 | 2.250 | 20,668 | 20,523 | 20,256 | |||||||||
NAVITAS EQUIPMENT RECEIVABLES 2016-1 A2 | 6/15/2021 | 2.200 | 7,000 | 7,000 | 6,988 | |||||||||
NEW RESIDENTIAL ADVANCE RECEIVABLE AT1-2016-T1 | 6/15/2049 | 2.751 | 15,846 | 15,846 | 15,787 | |||||||||
NORTHSTAR EDUCATION FINANCE 04-2 A3 | 7/30/2018 | 1.060 | 2,193 | 2,190 | 2,189 | |||||||||
OAK HILL CREDIT PARTNERS DEF_67104CAA | 4/20/2025 | 2.001 | 20,000 | 20,000 | 19,981 | |||||||||
ONEMAIN DIRECT AUTO RECEIVABLE 2016-1A | 1/15/2021 | 2.040 | 13,598 | 13,598 | 13,613 | |||||||||
PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY WL-15Y 6.055 | 11/25/2036 | 1.084 | 4,177 | 4,090 | 4,085 | |||||||||
RACE POINT CLO LTD DEF_74982LAC | 2/20/2025 | 2.161 | 14,000 | 13,986 | 13,993 | |||||||||
SALLIE MAE 03-A A2 | 9/15/2020 | 1.403 | 603 | 582 | 602 | |||||||||
SALLIE MAE 03-C A2 | 9/15/2020 | 1.240 | 459 | 452 | 455 | |||||||||
SALLIE MAE 05-B A2 | 3/15/2023 | 1.030 | 1,393 | 1,363 | 1,390 | |||||||||
SALLIE MAE 06-3 A4 | 7/25/2019 | 0.795 | 1,306 | 1,297 | 1,300 | |||||||||
SALLIE MAE 06-4 A5 | 10/27/2025 | 0.815 | 2,625 | 2,624 | 2,623 | |||||||||
SALLIE MAE 11-2 A1 | 11/25/2027 | 1.184 | 1,565 | 1,564 | 1,564 | |||||||||
SALLIE MAE 12-3 A | 12/26/2025 | 1.234 | 9,931 | 10,000 | 9,669 | |||||||||
SALLIE MAE 12-B A2 | 10/15/2030 | 3.480 | 2,899 | 2,911 | 2,944 | |||||||||
SBA TOWER TRUST A-2015-1 | 10/15/2020 | 3.156 | 5,850 | 5,936 | 5,897 | |||||||||
SBA TOWER TRUST C-2013-1 | 4/16/2018 | 2.240 | 17,100 | 17,105 | 16,978 | |||||||||
SBA TOWER TRUST C-2013-2 | 4/17/2023 | 3.722 | 2,610 | 2,569 | 2,589 | |||||||||
SBA TOWER TRUST C-2016-1A | 7/15/2021 | 2.877 | 155 | 152 | 154 | |||||||||
SCHOLAR FUNDING TRUST SCHOOL 12-B A1 | 10/28/2025 | 1.156 | 466 | 465 | 466 | |||||||||
SIERRA RECEIVABLES FUNDING CO LLC A-2016-1A | 3/21/2033 | 3.080 | 12,604 | 12,602 | 12,544 | |||||||||
SIERRA RECEIVABLES FUNDING COMPANY 12-1A A | 11/20/2028 | 2.840 | 589 | 589 | 589 | |||||||||
SIERRA RECEIVABLES FUNDING COMPANY 12-3A A | 8/20/2029 | 1.870 | 2,779 | 2,784 | 2,777 | |||||||||
SIERRA RECEIVABLES FUNDING COMPANY 13-2A A | 11/20/2025 | 2.280 | 1,070 | 1,070 | 1,069 | |||||||||
SIERRA RECEIVABLES FUNDING COMPANY A-2016-2A | 7/20/2033 | 2.330 | 811 | 795 | 796 | |||||||||
SIERRA RECEIVABLES FUNDING COMPANY A-2016-3A | 10/20/2033 | 2.430 | 15,559 | 15,556 | 15,298 | |||||||||
SMALL BUSINESS ADMINISTRATION 2002-20J | 10/1/2022 | 4.750 | 377 | 380 | 392 | |||||||||
SOCIAL PROFESSIONAL LOAN PROGRAM LLC A2A-2016-B | 3/25/2031 | 1.680 | 6,680 | 6,680 | 6,667 | |||||||||
SPS SERVICER ADVANCE RECEIVABLE AT2-2016-T2 | 11/15/2049 | 2.750 | 25,000 | 24,996 | 24,874 | |||||||||
SPS SERVICER ADVANCE RECEIVABLE AT3-2015-T3 | 7/15/2047 | 2.920 | 10,789 | 10,789 | 10,798 | |||||||||
F-43
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
STUDENT LOAN TRUST A4A-2008-1 | 12/15/2032 | 2.563 | 6,480 | 6,577 | 6,563 | |||||||||
SVO VOI MORTGAGE CORP 12-A A | 9/20/2029 | 2.000 | 1,440 | 1,454 | 1,424 | |||||||||
TAL ADVANTAGE LLC 13-1 A | 2/22/2038 | 2.830 | 2,328 | 2,333 | 2,214 | |||||||||
TREMEN PARK A-2016-1A | 4/20/2027 | 2.251 | 20,000 | 20,082 | 19,992 | |||||||||
U-HAUL S FLEET LLC 10-BT1A 1 | 10/25/2023 | 4.899 | 4,519 | 4,519 | 4,595 | |||||||||
VOI MORTGAGE LLC VSTNA_16 | 7/20/2033 | 2.540 | 15,276 | 15,273 | 15,117 | |||||||||
VOYA CLO LTD DEF_44986WAA | 4/25/2025 | 2.032 | 30,000 | 30,000 | 29,978 | |||||||||
WELLS FARGO MORTGAGE BACKED SECURITY A-2013-A | 3/15/2029 | 3.100 | 1,090 | 1,090 | 1,086 | |||||||||
TOTAL ASSET BACKED SECURITIES | 629,277 | 626,423 | ||||||||||||
COMMERCIAL MORTGAGE BACKED SECURITIES | ||||||||||||||
AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES: | ||||||||||||||
FANNIE MAE 06-M2 A2A | 10/25/2032 | 5.271 | 7,773 | 8,217 | 8,162 | |||||||||
FANNIE MAE DEF_31381HZL | 1/1/2019 | 6.075 | 503 | 503 | 510 | |||||||||
GINNIE MAE 10-161 AB | 5/16/2035 | 2.110 | 147 | 146 | 146 | |||||||||
GINNIE MAE 11-165 A | 10/16/2037 | 2.194 | 12,623 | 12,704 | 12,593 | |||||||||
GINNIE MAE 13-141 A | 6/16/2040 | 2.023 | 13,066 | 13,067 | 12,996 | |||||||||
GINNIE MAE 13-146 AH | 8/16/2040 | 2.000 | 6,000 | 6,007 | 6,004 | |||||||||
GINNIE MAE 13-159 A | 8/16/2038 | 1.794 | 8,170 | 8,128 | 8,142 | |||||||||
GINNIE MAE A-2013-57 | 6/16/2037 | 1.350 | 4,311 | 4,266 | 4,233 | |||||||||
GINNIE MAE A-2014-61 | 1/16/2044 | 2.205 | 7,426 | 7,438 | 7,425 | |||||||||
GINNIE MAE AB-2013-194 | 5/16/2038 | 2.250 | 9,839 | 9,871 | 9,826 | |||||||||
GINNIE MAE AB-2014-143 | 3/16/2040 | 2.500 | 3,459 | 3,522 | 3,480 | |||||||||
GINNIE MAE AB-2014-75 | 6/16/2047 | 2.000 | 5,689 | 5,703 | 5,776 | |||||||||
GINNIE MAE AC-2013-13 | 4/16/2046 | 1.700 | 5,661 | 5,433 | 5,361 | |||||||||
GINNIE MAE AC-2014-112 | 12/16/2040 | 1.900 | 5,493 | 5,552 | 5,514 | |||||||||
GINNIE MAE AC-2014-143 | 3/16/2040 | 2.000 | 6,918 | 6,967 | 6,981 | |||||||||
GINNIE MAE AC-2014-48 | 10/16/2041 | 1.900 | 11,265 | 11,363 | 11,270 | |||||||||
GINNIE MAE AC-2014-70 | 4/16/2042 | 1.900 | 12,660 | 12,765 | 12,683 | |||||||||
GINNIE MAE AC-2015-98 | 4/16/2041 | 2.150 | 14,170 | 14,355 | 14,215 | |||||||||
GINNIE MAE AD-2014-9 | 9/16/2041 | 2.500 | 6,567 | 6,698 | 6,604 | |||||||||
GINNIE MAE AD-2016-1829 | 11/16/2043 | 2.250 | 19,617 | 19,739 | 19,547 | |||||||||
GINNIE MAE AG-2016-39 | 1/16/2043 | 2.300 | 14,745 | 14,822 | 14,665 | |||||||||
GINNIE MAE AN-2014-17 | 6/16/2048 | 2.362 | 6,258 | 6,396 | 6,498 | |||||||||
TOTAL AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES | 183,662 | 182,631 | ||||||||||||
NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES: | ||||||||||||||
AMERICAN HOMES 4 RENT A-2014-SFR1 | 6/17/2031 | 1.539 | 3,634 | 3,605 | 3,621 | |||||||||
BHMS MORTGAGE TRUST AFL-2014-ATL | 7/5/2033 | 2.028 | 22,500 | 22,416 | 22,521 | |||||||||
BHMS MORTGAGE TRUST BHMS_14-AT | 7/5/2033 | 3.601 | 5,000 | 5,178 | 5,049 | |||||||||
CFCRE COMMERCIAL MORTAGE TRUST 11-C2 A2 | 12/15/2047 | 3.061 | 606 | 606 | 605 | |||||||||
CGGS COMMERCIAL MORTGAGE TRUST AFX-2016-RND | 2/10/2033 | 2.757 | 12,000 | 11,999 | 11,960 | |||||||||
COLONY MULTIFAMILY MORTGAGE TRUST A-2014-1 | 4/20/2050 | 2.543 | 3,913 | 3,909 | 3,881 | |||||||||
COLONY STARWOOD HOMES A-2016-2A | 12/17/2033 | 1.986 | 34,915 | 34,915 | 34,915 | |||||||||
F-44
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
COMM MORTGAGE TRUST 13-THL A1 | 6/8/2030 | 1.536 | 4,757 | 4,755 | 4,765 | |||||||||
COSMOPOLITAN HOTEL TRUST A-2016-2A | 11/15/2033 | 2.104 | 24,000 | 24,000 | 24,075 | |||||||||
DBUBS MORTGAGE TRUST 11-LC2 A1 | 7/10/2044 | 3.527 | 2,173 | 2,181 | 2,241 | |||||||||
GOLDMAN SACHS MORTGAGE SECURITIES CORPORATION 10-C2 A1 | 12/10/2043 | 3.849 | 1,142 | 1,146 | 1,180 | |||||||||
GOLDMAN SACHS MORTGAGE SECURITIES CORPORATION 11-GC5 A2 | 8/10/2044 | 2.999 | 227 | 227 | 227 | |||||||||
HOME PARTNERS OF AMERICA TRUST 2016-2 | 10/17/2033 | 1.886 | 14,956 | 14,848 | 14,931 | |||||||||
INVITATION HOMES TRUST A-2014-SFR1 | 6/17/2031 | 1.539 | 10,292 | 10,183 | 10,254 | |||||||||
INVITATION HOMES TRUST A-2014-SFR3 | 12/17/2031 | 1.739 | 37,842 | 37,560 | 37,842 | |||||||||
INVITATION HOMES TRUST A-2015-SFR1 | 3/17/2032 | 2.000 | 11,223 | 11,229 | 11,240 | |||||||||
INVITATION HOMES TRUST A-2015-SFR2 | 6/17/2032 | 1.888 | 9,983 | 9,967 | 10,000 | |||||||||
INVITATION HOMES TRUST A-2015-SFR3 | 8/17/2032 | 1.839 | 24,551 | 24,579 | 24,611 | |||||||||
JP MORGAN CHASE COMMERCIAL MORTGAGE 09-IWST A2 | 12/5/2027 | 5.633 | 1,250 | 1,371 | 1,344 | |||||||||
JP MORGAN CHASE COMMERCIAL MORTGAGE 10-CNTR A1 | 8/5/2032 | 3.300 | 5,559 | 5,578 | 5,663 | |||||||||
JP MORGAN CHASE COMMERCIAL MORTGAGE JPMCC_16-ASH | 10/15/2034 | 2.204 | 30,000 | 29,963 | 30,001 | |||||||||
MORGAN STANLEY REREMIC TRUST 09-GG10 A4A | 8/12/2045 | 5.793 | 15,653 | 15,770 | 15,691 | |||||||||
MORGAN STANLEY REREMIC TRUST 10-GG10 A4A | 8/15/2045 | 5.793 | 29,660 | 29,816 | 29,734 | |||||||||
RIALTO REAL ESTATE FUND LP A-2014-LT5 | 5/15/2024 | 2.850 | 24 | 24 | 24 | |||||||||
RIALTO REAL ESTATE FUND LP A-2015-LT7 | 12/25/2032 | 3.000 | 2,028 | 2,028 | 2,028 | |||||||||
UBS-CITIGROUP COMMERCIAL MORTGAGE TRUST 11-C1 AAB | 1/10/2045 | 3.187 | 8,615 | 8,655 | 8,838 | |||||||||
TOTAL NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES | 316,508 | 317,241 | ||||||||||||
TOTAL COMMERCIAL MORTGAGE BACKED SECURITIES | 500,170 | 499,872 | ||||||||||||
CORPORATE DEBT SECURITIES | ||||||||||||||
BANKING | ||||||||||||||
WASHINGTON MUTUAL BANK/HENDERSON | 6/15/2011 | — | 1,500 | — | 3 | c,d | ||||||||
TOTAL BANKING | — | 3 | ||||||||||||
BASIC INDUSTRY | ||||||||||||||
LYONDELLBASELL INDUSTRIES NV | 4/15/2019 | 5.000 | 29,615 | 31,243 | 31,293 | |||||||||
TOTAL BASIC INDUSTRY | 31,243 | 31,293 | ||||||||||||
CAPITAL GOODS | ||||||||||||||
HONEYWELL INTERNATIONAL INC | 10/30/2019 | 1.400 | 18,980 | 18,966 | 18,804 | |||||||||
L-3 COMMUNICATIONS HOLDINGS INC | 10/15/2019 | 5.200 | 15,567 | 16,975 | 16,743 | |||||||||
LOCKHEED MARTIN CORPORATION | 11/23/2018 | 1.850 | 29,734 | 30,018 | 29,852 | |||||||||
NORDSON CORPORATION | 7/26/2017 | 2.270 | 15,000 | 15,000 | 15,048 | |||||||||
NORTHROP GRUMMAN CORPORATION | 6/1/2018 | 1.750 | 24,277 | 24,365 | 24,344 | |||||||||
STERICYCLE INC | 10/15/2017 | 3.890 | 800 | 812 | 814 | |||||||||
TOTAL CAPITAL GOODS | 106,136 | 105,605 | ||||||||||||
COMMUNICATIONS | ||||||||||||||
A&E TELEVISION NETWORKS LLC | 8/22/2019 | 3.110 | 5,000 | 5,044 | 5,055 | |||||||||
ROGERS COMMUNICATIONS INC | 8/15/2018 | 6.800 | 15,238 | 16,510 | 16,416 | |||||||||
SCRIPPS NETWORKS INTERACTIVE INC | 11/15/2019 | 2.750 | 36,347 | 36,509 | 36,862 | |||||||||
SKY PLC | 2/15/2018 | 6.100 | 16,312 | 17,073 | 17,020 | |||||||||
SKY PLC | 11/26/2022 | 3.125 | 5,000 | 4,986 | 4,959 | |||||||||
SKY PLC | 9/16/2019 | 2.625 | 11,805 | 11,872 | 11,853 | |||||||||
F-45
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
VODAFONE GROUP PLC | 2/27/2017 | 5.625 | 5,300 | 5,335 | 5,330 | |||||||||
TOTAL COMMUNICATIONS | 97,329 | 97,495 | ||||||||||||
CONSUMER CYCLICAL | ||||||||||||||
AUTOLIV INC | 4/23/2019 | 2.840 | 5,000 | 5,000 | 5,062 | |||||||||
CABELAS INCORPORATED | 8/4/2020 | 3.230 | 8,000 | 8,000 | 7,979 | |||||||||
CVS HEALTH CORPORATION | 8/12/2019 | 2.250 | 5,595 | 5,631 | 5,626 | |||||||||
CVS HEALTH CORPORATION | 7/20/2018 | 1.900 | 16,133 | 16,215 | 16,195 | |||||||||
MCDONALDS CORPORATION | 3/1/2018 | 5.350 | 20,705 | 21,696 | 21,577 | |||||||||
MCDONALDS CORPORATION | 5/29/2019 | 1.875 | 2,142 | 2,139 | 2,138 | |||||||||
TOTAL CONSUMER CYCLICAL | 58,681 | 58,577 | ||||||||||||
CONSUMER NON CYCLICAL | ||||||||||||||
ABBVIE INC | 5/14/2018 | 1.800 | 34,500 | 34,491 | 34,526 | |||||||||
ALLERGAN PLC | 3/12/2018 | 2.350 | 37,768 | 37,984 | 37,986 | |||||||||
ALLERGAN PLC | 3/12/2020 | 3.000 | 1,465 | 1,494 | 1,485 | |||||||||
ANHEUSER-BUSCH INBEV SA NV | 1/17/2018 | 1.250 | 37,180 | 36,972 | 37,147 | |||||||||
BACARDI LTD | 1/15/2021 | 4.500 | 1,525 | 1,658 | 1,613 | |||||||||
BECTON DICKINSON AND COMPANY | 12/15/2019 | 2.675 | 24,067 | 24,256 | 24,419 | |||||||||
CLOROX COMPANY | 10/15/2017 | 5.950 | 22,804 | 23,581 | 23,628 | |||||||||
CONAGRA BRANDS INC | 1/25/2018 | 1.900 | 19,375 | 19,394 | 19,397 | |||||||||
DIAGEO PLC | 5/11/2017 | 1.500 | 31,885 | 31,905 | 31,932 | |||||||||
ESSILOR INTERNATIONAL SA | 3/15/2017 | 2.650 | 7,500 | 7,500 | 7,519 | |||||||||
ESSILOR INTERNATIONAL SA | 5/4/2017 | 1.840 | 15,000 | 15,003 | 15,017 | |||||||||
ESSILOR INTERNATIONAL SA | 1/5/2022 | 2.050 | 6,000 | 6,000 | 5,768 | |||||||||
GENERAL MILLS INC | 10/20/2017 | 1.400 | 30,000 | 29,999 | 30,035 | |||||||||
JM SMUCKER CO | 3/15/2018 | 1.750 | 30,303 | 30,327 | 30,343 | |||||||||
JM SMUCKER CO | 3/15/2020 | 2.500 | 9,231 | 9,253 | 9,275 | |||||||||
KELLOGG COMPANY | 11/15/2019 | 4.150 | 15,100 | 15,879 | 15,917 | |||||||||
KELLOGG COMPANY | 12/15/2020 | 4.000 | 15,000 | 16,275 | 15,796 | |||||||||
MARS INC | 10/11/2017 | 2.190 | 35,000 | 35,000 | 35,119 | |||||||||
MARS INC | 10/20/2017 | 2.000 | 7,746 | 7,781 | 7,785 | |||||||||
MOLSON COORS BREWING CO | 7/15/2019 | 1.450 | 26,761 | 26,743 | 26,366 | |||||||||
MONDELEZ INTERNATIONAL INC | 10/28/2019 | 1.625 | 28,625 | 28,567 | 28,069 | |||||||||
PFIZER INC | 12/15/2019 | 1.700 | 14,425 | 14,415 | 14,411 | |||||||||
SHIRE PLC | 9/23/2019 | 1.900 | 10,000 | 9,883 | 9,873 | |||||||||
SODEXO SA | 3/4/2019 | 2.710 | 10,000 | 10,000 | 10,076 | |||||||||
SYSCO CORPORATION | 4/1/2019 | 1.900 | 37,240 | 37,342 | 37,118 | |||||||||
TEVA PHARMACEUTICAL INDUSTRIES LTD | 7/19/2019 | 1.700 | 15,000 | 14,999 | 14,738 | |||||||||
TYSON 2009 FAMILY TRUST | 8/15/2019 | 2.650 | 38,879 | 39,078 | 39,250 | |||||||||
TOTAL CONSUMER NON CYCLICAL | 565,779 | 564,608 | ||||||||||||
ELECTRIC | ||||||||||||||
AMERICAN ELECTRIC POWER COMPANY INC | 4/30/2019 | 2.610 | 8,000 | 8,000 | 8,040 | |||||||||
AMERICAN ELECTRIC POWER COMPANY INC | 12/15/2017 | 1.650 | 7,724 | 7,729 | 7,727 | |||||||||
CENTERPOINT ENERGY INC | 2/1/2017 | 5.950 | 19,910 | 19,985 | 19,978 | |||||||||
DOMINION RESOURCES INC/VA | 9/15/2017 | 1.400 | 2,480 | 2,479 | 2,477 | |||||||||
F-46
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
DOMINION RESOURCES INC/VA | 3/15/2017 | 1.250 | 5,485 | 5,483 | 5,485 | |||||||||
DOMINION RESOURCES INC/VA | 6/15/2018 | 1.900 | 13,810 | 13,809 | 13,817 | |||||||||
DOMINION RESOURCES INC/VA | 2/15/2018 | 2.125 | 15,000 | 14,997 | 15,048 | |||||||||
DUKE ENERGY CORP | 8/15/2017 | 1.625 | 9,365 | 9,378 | 9,380 | |||||||||
ELECTRIC TRANSMISSION TEXAS LLC | 6/28/2018 | 3.690 | 25,000 | 25,504 | 25,592 | |||||||||
EMERA INC. | 6/15/2019 | 2.150 | 6,520 | 6,518 | 6,513 | |||||||||
EVERSOURCE ENERGY | 5/1/2018 | 1.450 | 28,830 | 28,658 | 28,735 | |||||||||
EVERSOURCE ENERGY | 1/15/2018 | 1.600 | 8,025 | 8,023 | 8,007 | |||||||||
NEXTERA ENERGY INC | 6/1/2017 | 1.586 | 5,770 | 5,770 | 5,773 | |||||||||
NEXTERA ENERGY INC | 9/1/2017 | 2.056 | 20,000 | 20,022 | 20,088 | |||||||||
PG&E CORPORATION | 3/1/2019 | 2.400 | 37,922 | 38,159 | 38,066 | |||||||||
PPL CORPORATION | 6/1/2018 | 1.900 | 29,901 | 29,883 | 29,894 | |||||||||
TEXAS ENERGY FUTURE HOLDINGS LP | 9/30/2017 | 5.000 | 3,795 | 3,889 | 3,895 | |||||||||
TEXAS ENERGY FUTURE HOLDINGS LP | 6/1/2019 | 2.150 | 13,335 | 13,404 | 13,362 | |||||||||
TRANSALTA CORPORATION | 5/15/2018 | 6.900 | 2,660 | 2,627 | 2,771 | |||||||||
TRANSALTA CORPORATION | 6/3/2017 | 1.900 | 33,942 | 33,837 | 33,772 | |||||||||
WEC ENERGY GROUP INC | 6/15/2018 | 1.650 | 19,667 | 19,666 | 19,649 | |||||||||
XCEL ENERGY INC | 8/15/2020 | 2.200 | 14,835 | 14,812 | 14,857 | |||||||||
XCEL ENERGY INC | 6/1/2017 | 1.200 | 7,000 | 6,999 | 6,993 | |||||||||
TOTAL ELECTRIC | 339,631 | 339,919 | ||||||||||||
ENERGY | ||||||||||||||
BERKSHIRE HATHAWAY INC | 4/30/2018 | 4.893 | 6,743 | 6,966 | 6,921 | |||||||||
CANADIAN NATURAL RESOURCES LTD | 5/15/2017 | 5.700 | 29,200 | 29,618 | 29,635 | |||||||||
CENOVUS ENERGY INC | 10/15/2019 | 5.700 | 8,558 | 8,730 | 9,155 | |||||||||
CHEVRON CORP | 11/16/2018 | 1.790 | 25,000 | 25,000 | 25,095 | |||||||||
ENERGY TRANSFER EQUITY LP | 11/1/2017 | 6.200 | 27,918 | 28,792 | 28,732 | |||||||||
ENTERPRISE PRODUCTS PARTNERS L.P. | 10/15/2019 | 2.550 | 24,460 | 24,708 | 24,710 | |||||||||
NOBLE CORPORATION PLC | 3/15/2017 | 2.500 | 5,000 | 5,006 | 4,981 | |||||||||
PHILLIPS 66 | 5/1/2017 | 2.950 | 17,360 | 17,458 | 17,457 | |||||||||
SOUTHERN NATURAL GAS COMPANY LLC | 4/1/2017 | 5.900 | 3,296 | 3,332 | 3,330 | |||||||||
TRANSCANADA CORPORATION | 11/9/2017 | 1.625 | 33,500 | 33,494 | 33,475 | |||||||||
TRANSCANADA CORPORATION | 6/1/2018 | 2.450 | 20,500 | 20,568 | 20,600 | |||||||||
TOTAL ENERGY | 203,672 | 204,091 | ||||||||||||
NATURAL GAS | ||||||||||||||
CENTERPOINT ENERGY INC | 11/1/2017 | 6.125 | 12,153 | 12,585 | 12,558 | |||||||||
NISOURCE INC | 3/15/2018 | 6.400 | 1,842 | 1,948 | 1,940 | |||||||||
SEMPRA ENERGY | 4/1/2017 | 2.300 | 29,735 | 29,801 | 29,793 | |||||||||
SEMPRA ENERGY | 3/15/2020 | 2.400 | 8,565 | 8,548 | 8,552 | |||||||||
TOTAL NATURAL GAS | 52,882 | 52,843 | ||||||||||||
INSURANCE | ||||||||||||||
AETNA INC | 6/7/2019 | 1.900 | 9,865 | 9,859 | 9,842 | |||||||||
TOTAL INSURANCE | 9,859 | 9,842 | ||||||||||||
TECHNOLOGY | ||||||||||||||
CISCO SYSTEMS INC | 6/15/2018 | 1.650 | 20,000 | 19,998 | 20,060 | |||||||||
F-47
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
CISCO SYSTEMS INC | 9/20/2019 | 1.400 | 12,495 | 12,482 | 12,359 | |||||||||
HEWLETT PACKARD ENTERPRISE CO | 10/5/2018 | 2.850 | 10,000 | 10,000 | 10,097 | |||||||||
SAP SE | 10/14/2017 | 2.950 | 3,000 | 3,022 | 3,029 | |||||||||
SAP SE | 11/15/2017 | 2.130 | 10,000 | 10,000 | 10,033 | |||||||||
TOTAL TECHNOLOGY | 55,502 | 55,578 | ||||||||||||
TRANSPORTATION | ||||||||||||||
CRAWFORD GROUP INC | 10/15/2017 | 6.375 | 19,708 | 20,408 | 20,420 | |||||||||
CRAWFORD GROUP INC | 3/15/2017 | 2.750 | 3,694 | 3,704 | 3,704 | |||||||||
CRAWFORD GROUP INC | 11/1/2018 | 2.800 | 12,880 | 13,028 | 13,039 | |||||||||
NORFOLK SOUTHERN CORPORATION | 4/1/2018 | 5.750 | 35,231 | 36,984 | 36,992 | |||||||||
UNION PACIFIC CORPORATION | 8/15/2018 | 5.700 | 1,000 | 1,069 | 1,068 | |||||||||
TOTAL TRANSPORTATION | 75,193 | 75,223 | ||||||||||||
TOTAL CORPORATE DEBT SECURITIES | 1,595,907 | 1,595,077 | ||||||||||||
TOTAL FIXED MATURITIES | 5,966,057 | 5,953,701 | ||||||||||||
COMMON STOCKS | ||||||||||||||
CHEMICALS | ||||||||||||||
LYONDELLBASELL INDUSTRIES | 16 | 82 | 1,389 | |||||||||||
TOTAL CHEMICALS | 82 | 1,389 | ||||||||||||
CONGLOMERATES/DIVERSIFIED MFG | ||||||||||||||
DAYCO LLC | 10 | 115 | 283 | d | ||||||||||
TOTAL CONGLOMERATES/DIVERSIFIED MFG | 115 | 283 | ||||||||||||
FINANCE - OTHER | ||||||||||||||
TCEH Corp | 30 | 431 | 470 | |||||||||||
TOTAL FINANCE - OTHER | 431 | 470 | ||||||||||||
GAMING | ||||||||||||||
HERBST GAMING INC | 9 | 86 | 152 | d | ||||||||||
TROPICANA ENTERTAINMENT LLC | 4 | — | 74 | d | ||||||||||
TOTAL GAMING | 86 | 226 | ||||||||||||
LEISURE | ||||||||||||||
MGM HOLDINGS II INC | 37 | 714 | 3,349 | c,d | ||||||||||
TOTAL LEISURE | 714 | 3,349 | ||||||||||||
MEDIA | ||||||||||||||
CENGAGE LEARNING INC | 4 | 128 | 58 | |||||||||||
DEX MEDIA INC | 19 | 40 | 47 | |||||||||||
HIBU PLC | 197 | — | — | |||||||||||
HIBU GROUP 2013 LTD | 210 | — | — | |||||||||||
MEDIANEWS GRP INC | 3 | 41 | 69 | d | ||||||||||
TRIBUNE MEDIA COMPANY | 13 | 576 | 449 | |||||||||||
TRIBUNE PUBLISHING CO | 2 | 1 | 26 | |||||||||||
TOTAL MEDIA | 786 | 649 | ||||||||||||
METALS/MINING | ||||||||||||||
ALERIS INTERNATIONAL INC | 5 | 184 | 161 | d | ||||||||||
F-48
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
TOTAL METALS/MINING | 184 | 161 | ||||||||||||
TELECOMMUNICATIONS | ||||||||||||||
HAWAIIAN TELCOM HOLDCO INC | 3 | 50 | 82 | c,d | ||||||||||
TOTAL TELECOMMUNICATIONS | 50 | 82 | ||||||||||||
TOTAL COMMON STOCKS | 2,448 | 6,609 | ||||||||||||
SYNDICATED LOANS | ||||||||||||||
BASIC INDUSTRY | ||||||||||||||
AXALTA COATING SYSTEMS LTD | 2/1/2023 | 3.250 | 1,142 | 1,141 | 1,141 | |||||||||
CHEMOURS COMPANY | 5/12/2022 | 3.750 | 99 | 98 | 98 | |||||||||
FLEX ACQUISITION HOLDINGS INC | 12/19/2023 | 4.243 | 125 | 124 | 124 | |||||||||
FLINT GROUP GERMANY GMBH | 9/7/2021 | 4.500 | 89 | 89 | 89 | |||||||||
FLINT GROUP GERMANY GMBH | 9/7/2021 | 4.500 | 538 | 536 | 536 | |||||||||
FORTESCUE METALS GROUP LTD | 6/30/2019 | 3.750 | 402 | 401 | 401 | |||||||||
HUNTSMAN CORP | 4/19/2019 | 3.665 | 1,158 | 1,158 | 1,158 | |||||||||
INEOS AG | 12/15/2020 | 3.750 | 987 | 981 | 981 | |||||||||
MINERALS TECHNOLOGIES INC. | 5/10/2021 | 3.750 | 73 | 73 | 73 | |||||||||
NEXEO SOLUTIONS HOLDINGS LLC | 6/9/2023 | 5.250 | 723 | 720 | 720 | |||||||||
PLATFORM SPECIALTY PRODUCTS CORP | 10/13/2023 | 5.000 | 886 | 882 | 882 | |||||||||
POLYONE CORPORATION | 11/12/2022 | 3.500 | 124 | 124 | 124 | |||||||||
RAVAGO HOLDINGS AMERICA INC | 6/30/2023 | 5.000 | 524 | 519 | 519 | |||||||||
TRONOX LTD | 3/19/2020 | 4.500 | 980 | 975 | 975 | |||||||||
UNIVAR INC | 7/1/2022 | 4.250 | 990 | 984 | 984 | |||||||||
VERSUM MATERIALS INC | 9/30/2023 | 3.338 | 75 | 75 | 75 | |||||||||
TOTAL BASIC INDUSTRY | 8,880 | 8,880 | ||||||||||||
BROKERAGE | ||||||||||||||
LPL HOLDINGS | 3/29/2019 | 3.250 | 725 | 721 | 721 | |||||||||
TOTAL BROKERAGE | 721 | 721 | ||||||||||||
CAPITAL GOODS | ||||||||||||||
ACCUDYNE INDUSTRIES BORROWER / ACCUDYNE INDUSTRIES LLC | 12/13/2019 | 4.000 | 949 | 940 | 940 | |||||||||
ADVANCED DISPOSAL SERVICES INC | 10/28/2023 | 3.500 | 807 | 805 | 805 | |||||||||
AI GLOBAL INVESTMENTS & CY SCA | 9/13/2023 | 5.131 | 185 | 185 | 185 | |||||||||
AI GLOBAL INVESTMENTS & CY SCA | 9/13/2023 | 5.131 | 140 | 139 | 139 | |||||||||
ANCHOR GLASS CONTAINER CORP | 12/7/2023 | 4.250 | 175 | 174 | 174 | |||||||||
B/E AEROSPACE INC | 12/16/2021 | 3.893 | 141 | 140 | 140 | |||||||||
BERRY PLASTICS CORP | 2/8/2020 | 3.500 | 977 | 967 | 967 | |||||||||
BERRY PLASTICS GROUP INC | 1/6/2021 | 3.500 | 2,024 | 2,005 | 2,005 | |||||||||
BOE HOLDING CORP | 9/9/2023 | 4.701 | 949 | 949 | 949 | |||||||||
BOOZ ALLEN HAMILTON HOLDING CORP | 7/7/2023 | 3.494 | 150 | 150 | 150 | |||||||||
COD INTERMEDIATE LLC | 8/12/2023 | 4.004 | 425 | 424 | 424 | |||||||||
CROSBY US ACQUISITION CORP | 11/23/2020 | 4.000 | 977 | 975 | 975 | |||||||||
DOUGLAS DYNAMICS INC | 12/31/2021 | 5.250 | 175 | 174 | 174 | |||||||||
EWT HOLDINGS III CORP | 1/15/2021 | 3.500 | 987 | 987 | 987 | |||||||||
FORSTMANN LITTLE & CO | 5/6/2021 | 5.250 | 980 | 974 | 974 | |||||||||
F-49
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
HD SUPPLY HOLDINGS INC | 10/17/2023 | 3.588 | 350 | 348 | 348 | |||||||||
HUSKY INJECTION MOLDING SYSTEMS LTD | 6/30/2021 | 4.250 | 991 | 980 | 980 | |||||||||
LEIDOS HOLDINGS INC | 8/16/2023 | 3.556 | 125 | 125 | 125 | |||||||||
LONE STAR FUND IX (US) LP | 10/25/2023 | 4.500 | 125 | 124 | 124 | |||||||||
PACKAGING HOLDINGS LTD | 1/21/2023 | 4.250 | 896 | 896 | 896 | |||||||||
PRINTPACK HOLDINGS INC | 7/25/2023 | 5.000 | 135 | 135 | 135 | |||||||||
QUIKRETE HOLDINGS INC | 11/15/2023 | 4.000 | 650 | 647 | 647 | |||||||||
TRANSDIGM INC | 6/8/2023 | 3.750 | 874 | 871 | 871 | |||||||||
WASTE INDUSTRIES USA INC. | 2/27/2020 | 3.500 | 246 | 246 | 246 | |||||||||
WESCO AIRCRAFT HARDWARE CORP | 2/28/2021 | 3.338 | 1,516 | 1,500 | 1,500 | |||||||||
WILSONART (ILLINOIS TOOL) | 12/19/2023 | 4.500 | 300 | 299 | 299 | |||||||||
TOTAL CAPITAL GOODS | 16,159 | 16,159 | ||||||||||||
COMMUNICATIONS | ||||||||||||||
ARRIS INTERNATIONAL PLC | 4/17/2020 | 3.500 | 1,000 | 1,000 | 1,000 | |||||||||
CHARTER COMMUNICATIONS INC | 1/3/2021 | 3.000 | 1,287 | 1,273 | 1,273 | |||||||||
DEUTSCHE TELEKOM AG | 11/9/2022 | 3.500 | 993 | 992 | 992 | |||||||||
DEX MEDIA INC (DELAWARE) | 7/29/2021 | 11.000 | 121 | 117 | 117 | |||||||||
ENTRAVISION COMMUNICATIONS CORPORATION | 5/31/2020 | 3.500 | 927 | 921 | 921 | |||||||||
GRUPO TELEVISA SAB | 3/1/2020 | 4.000 | 984 | 978 | 978 | |||||||||
HIBU PLC | 9/6/2065 | 8.500 | 126 | 143 | 143 | |||||||||
HIBU PLC | 9/6/2021 | 8.000 | 138 | 136 | 136 | |||||||||
HUBBARD RADIO LLC | 5/27/2022 | 4.250 | 191 | 191 | 191 | |||||||||
INTELSAT SA | 6/30/2019 | 3.750 | 1,000 | 991 | 991 | |||||||||
ION MEDIA NETWORKS INC | 12/18/2020 | 4.500 | 325 | 323 | 323 | |||||||||
MEDIA GENERAL INC | 7/31/2020 | 4.000 | 907 | 904 | 904 | |||||||||
MEDIACOM COMMUNICATIONS CORPORATION | 3/31/2018 | 3.210 | 987 | 982 | 982 | |||||||||
NATIONAL CINEMEDIA LLC | 11/26/2019 | 3.360 | 1,000 | 986 | 986 | |||||||||
NEXSTAR BROADCASTING GROUP INC | 12/15/2023 | 3.500 | 425 | 424 | 424 | |||||||||
NEXT LUXEMBOURG SCSP | 10/11/2024 | 3.876 | 313 | 310 | 310 | |||||||||
SALEM MEDIA GROUP INC | 3/13/2020 | 4.500 | 978 | 975 | 975 | |||||||||
SINCLAIR BROADCAST GROUP INC | 4/9/2020 | 3.000 | 980 | 969 | 969 | |||||||||
SONIFI SOLUTIONS INC | 3/28/2018 | 6.750 | 321 | 297 | 297 | |||||||||
SOUTHWIRE CO | 2/10/2021 | 3.250 | 969 | 959 | 959 | |||||||||
TRIBUNE MEDIA COMPANY | 12/27/2020 | 3.750 | 1,261 | 1,258 | 1,258 | |||||||||
VNU INTERMEDIATE HOLDING BV | 9/30/2023 | 3.154 | 742 | 741 | 741 | |||||||||
F-50
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
WINDSTREAM HOLDINGS INC | 8/8/2019 | 3.500 | 980 | 972 | 972 | |||||||||
TOTAL COMMUNICATIONS | 16,842 | 16,842 | ||||||||||||
CONSUMER CYCLICAL | ||||||||||||||
AFFINITY GAMING LLC | 7/1/2023 | 5.000 | 324 | 323 | 323 | |||||||||
ALLISON TRANSMISSION INC | 9/16/2022 | 3.250 | 563 | 562 | 562 | |||||||||
ANSCHUTZ CO | 4/1/2022 | 3.250 | 982 | 979 | 979 | |||||||||
ARGOS HOLDINGS INC | 3/10/2022 | 4.000 | 987 | 987 | 987 | |||||||||
BASS PRO GROUP LLC | 6/5/2020 | 4.000 | 148 | 147 | 147 | |||||||||
BOYD GAMING CORPORATION | 9/15/2023 | 3.749 | 125 | 125 | 125 | |||||||||
CCM MERGER INC | 8/8/2021 | 4.000 | 325 | 324 | 324 | |||||||||
CREATIVE ARTISTS AGENCY LLC | 12/17/2021 | 5.004 | 691 | 689 | 689 | |||||||||
DALIAN HEXING INVESTMENT CO LTD | 12/15/2022 | 3.989 | 987 | 986 | 986 | |||||||||
DIGITAL CINEMA IMPLEMENTATION PARTNERS LLC | 5/17/2021 | 3.335 | 753 | 746 | 746 | |||||||||
DOLLAR TREE INC | 7/6/2022 | 3.250 | 84 | 84 | 84 | |||||||||
FIAT CHRYSLER AUTOMOBILES NV | 12/31/2018 | 3.270 | 583 | 582 | 582 | |||||||||
GATES GLOBAL LLC | 7/6/2021 | 4.250 | 973 | 951 | 951 | |||||||||
HILTON WORLDWIDE HOLDINGS INC | 10/26/2020 | 3.500 | 65 | 65 | 65 | |||||||||
HILTON WORLDWIDE HOLDINGS INC | 10/25/2023 | 3.084 | 888 | 885 | 885 | |||||||||
HUDSONS BAY CO | 9/30/2022 | 4.250 | 69 | 69 | 69 | |||||||||
KKR & CO LP | 7/1/2022 | 5.000 | 1,003 | 1,000 | 1,000 | |||||||||
LAS VEGAS SANDS CORP | 12/19/2020 | 3.250 | 545 | 536 | 536 | |||||||||
LIONS GATE ENTERTAINMENT CORP | 12/1/2023 | 3.750 | 350 | 348 | 348 | |||||||||
LIONS GATE ENTERTAINMENT CORP | 12/1/2021 | 3.149 | 150 | 149 | 149 | |||||||||
MICHAELS COMPANIES INC | 1/28/2023 | 3.750 | 987 | 985 | 985 | |||||||||
MOHEGAN TRIBAL GAMING AUTHORITY | 10/13/2023 | 5.500 | 675 | 668 | 668 | |||||||||
NEIMAN MARCUS GROUP INC | 10/25/2020 | 4.250 | 987 | 978 | 978 | |||||||||
PENN NATIONAL GAMING INC | 10/30/2020 | 3.250 | 977 | 973 | 973 | |||||||||
PVH CORP | 2/13/2019 | 2.207 | 997 | 997 | 997 | |||||||||
RESTAURANT BRANDS INTERNATIONAL INC | 12/10/2021 | 3.750 | 987 | 986 | 986 | |||||||||
SERVICEMASTER GLOBAL HOLDINGS INC | 11/8/2023 | 3.106 | 650 | 648 | 648 | |||||||||
SIX FLAGS ENTERTAINMENT CORP | 6/30/2022 | 3.284 | 172 | 171 | 171 | |||||||||
THL PC TOPCO LP | 8/19/2022 | 4.204 | 183 | 183 | 183 | |||||||||
WEST CORPORATION | 6/17/2023 | 2.500 | 150 | 150 | 150 | |||||||||
YUM! BRANDS INC. | 6/16/2023 | 3.486 | 175 | 174 | 174 | |||||||||
TOTAL CONSUMER CYCLICAL | 17,450 | 17,450 | ||||||||||||
CONSUMER NON CYCLICAL | ||||||||||||||
ALBERTSONS INVESTOR HOLDINGS LLC | 6/22/2023 | 4.246 | 305 | 304 | 304 | |||||||||
ALERE INC | 6/20/2022 | 4.250 | 349 | 346 | 346 | |||||||||
ARAMARK | 2/24/2021 | 3.338 | 728 | 726 | 726 | |||||||||
CATALENT INC | 5/20/2021 | 3.750 | 578 | 575 | 575 | |||||||||
ENDO INTERNATIONAL PLC | 9/26/2022 | 3.750 | 124 | 123 | 123 | |||||||||
GRIFOLS SA | 2/27/2021 | 3.708 | 977 | 974 | 974 | |||||||||
JAGUAR HOLDING COMPANY I | 8/18/2022 | 4.250 | 988 | 983 | 983 | |||||||||
JBS SA | 9/18/2020 | 3.750 | 980 | 970 | 970 | |||||||||
F-51
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
MALLINCKRODT PLC | 3/19/2021 | 3.338 | 977 | 976 | 976 | |||||||||
PINNACLE FOODS INC | 4/29/2020 | 3.387 | 1,000 | 998 | 998 | |||||||||
PRESTIGE BRANDS HOLDINGS INC | 9/3/2021 | 3.500 | 822 | 819 | 819 | |||||||||
QUORUM HEALTH CORP | 4/29/2022 | 6.750 | 148 | 145 | 145 | |||||||||
ROYALTY PHARMA INVESTMENTS | 10/5/2022 | 3.176 | 303 | 303 | 303 | |||||||||
TEAM HEALTH HOLDINGS INC | 11/23/2022 | 3.838 | 248 | 246 | 246 | |||||||||
US FOODS HOLDING CORP | 6/27/2023 | 3.750 | 1,474 | 1,469 | 1,469 | |||||||||
VALEANT PHARMACEUTICALS INTERNATIONAL INC | 4/1/2022 | 5.500 | 945 | 940 | 940 | |||||||||
TOTAL CONSUMER NON CYCLICAL | 10,897 | 10,897 | ||||||||||||
ELECTRIC | ||||||||||||||
ASTORIA PROJECT PARTNERS | 12/24/2021 | 5.000 | 227 | 225 | 225 | |||||||||
CALPINE CORP | 1/31/2022 | 3.340 | 1,000 | 992 | 992 | |||||||||
DYNEGY INC | 4/23/2020 | 4.000 | 286 | 284 | 284 | |||||||||
LIGHTSTONE GENERATION LLC | 12/18/2023 | 6.463 | 183 | 179 | 179 | |||||||||
LIGHTSTONE GENERATION LLC | 12/8/2023 | 6.463 | 17 | 17 | 17 | |||||||||
NRG ENERGY INC | 6/30/2023 | 3.500 | 998 | 991 | 991 | |||||||||
VIVA ALAMO LLC | 2/22/2021 | 5.474 | 269 | 267 | 267 | |||||||||
WG PARTNERS | 11/15/2023 | 5.000 | 375 | 371 | 371 | |||||||||
WINDSOR FINANCING LLC | 12/5/2017 | 6.250 | 905 | 908 | 908 | |||||||||
TOTAL ELECTRIC | 4,234 | 4,234 | ||||||||||||
ENERGY | ||||||||||||||
RHODE ISLAND STATE ENERGY CENTER | 12/19/2022 | 5.750 | 199 | 196 | 196 | |||||||||
TOTAL ENERGY | 196 | 196 | ||||||||||||
FINANCE COMPANY | ||||||||||||||
ISTAR INC | 7/1/2020 | 5.500 | 898 | 890 | 890 | |||||||||
TOTAL FINANCE COMPANY | 890 | 890 | ||||||||||||
INSURANCE | ||||||||||||||
HOCKEY PARENT HOLDINGS LP | 10/2/2020 | 4.000 | 987 | 977 | 977 | |||||||||
NEW ASURION CORPORATION | 8/4/2022 | 5.000 | 293 | 292 | 292 | |||||||||
NEW ASURION CORPORATION | 11/3/2023 | 4.750 | 325 | 323 | 323 | |||||||||
TOTAL INSURANCE | 1,592 | 1,592 | ||||||||||||
OTHER INDUSTRY | ||||||||||||||
MUELLER WATER PRODUCTS INC | 11/24/2021 | 4.027 | 987 | 987 | 987 | |||||||||
VARSITY BRANDS HOLDING CO INC | 12/10/2021 | 5.000 | 123 | 122 | 122 | |||||||||
TOTAL OTHER INDUSTRY | 1,109 | 1,109 | ||||||||||||
OTHER UTILITY | ||||||||||||||
LS POWER DEVELOPMENT LLC | 11/9/2020 | 5.000 | 918 | 915 | 915 | |||||||||
TOTAL OTHER UTILITY | 915 | 915 | ||||||||||||
REITS | ||||||||||||||
DTZ INVESTMENT HOLDINGS LP | 11/4/2021 | 4.250 | 1,210 | 1,202 | 1,202 | |||||||||
EXTENDED STAY AMERICA INC | 8/30/2023 | 3.750 | 150 | 149 | 149 | |||||||||
TOTAL REITS | 1,351 | 1,351 | ||||||||||||
TECHNOLOGY | ||||||||||||||
BROADCOM LTD | 2/1/2023 | 3.704 | 606 | 598 | 598 | |||||||||
F-52
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
CSRA INC | 11/30/2023 | 3.435 | 124 | 124 | 124 | |||||||||
DELL TECHNOLOGIES INC | 9/7/2023 | 4.000 | 575 | 570 | 570 | |||||||||
DELL TECHNOLOGIES INC | 9/7/2021 | 2.860 | 400 | 388 | 388 | |||||||||
MICROSEMI CORPORATION | 1/15/2023 | 3.750 | 175 | 171 | 171 | |||||||||
NEW MOUNTAIN PARTNERS III LP | 10/12/2023 | 4.500 | 125 | 124 | 124 | |||||||||
NEW OMAHA HOLDINGS LP | 7/10/2022 | 3.576 | 933 | 931 | 931 | |||||||||
NXP SEMICONDUCTORS NV | 12/7/2020 | 3.405 | 173 | 172 | 172 | |||||||||
RIVERBED HOLDINGS INC | 4/24/2022 | 4.250 | 200 | 200 | 200 | |||||||||
SABRE HOLDINGS CORPORATION | 2/19/2019 | 4.000 | 822 | 821 | 821 | |||||||||
SCIENCE APPLICATIONS INTERNATIONAL CORP | 5/4/2022 | 3.438 | 779 | 778 | 778 | |||||||||
TESSERA TECHNOLOGIES INC. | 12/9/2023 | 4.000 | 250 | 248 | 248 | |||||||||
TTM TECHNOLOGIES INC | 5/31/2021 | 5.250 | 74 | 72 | 72 | |||||||||
WESTERN DIGITAL CORPORATION | 4/29/2023 | 4.500 | 239 | 233 | 233 | |||||||||
TOTAL TECHNOLOGY | 5,430 | 5,430 | ||||||||||||
TRANSPORTATION | ||||||||||||||
AMERICAN AIRLINES GROUP INC | 6/27/2020 | 3.250 | 980 | 977 | 977 | |||||||||
DELTA AIR LINES INC | 10/18/2018 | 3.250 | 980 | 972 | 972 | |||||||||
HERTZ GLOBAL HOLDINGS INC | 6/30/2023 | 3.500 | 1,000 | 991 | 991 | |||||||||
TOTAL TRANSPORTATION | 2,940 | 2,940 | ||||||||||||
TOTAL SYNDICATED LOANS BEFORE ALLOWANCE FOR LOAN LOSSES | 89,606 | 89,606 | ||||||||||||
ALLOWANCE FOR LOAN LOSSES | (941 | ) | (941 | ) | ||||||||||
TOTAL SYNDICATED LOANS - NET | 88,665 | 88,665 | ||||||||||||
DERIVATIVES | ||||||||||||||
PURCHASED OPTIONS | ||||||||||||||
BNP PARIBAS SA | 8/29/2017 | — | 105 | 105 | ||||||||||
BNP PARIBAS SA | 8/28/2018 | — | 120 | 120 | ||||||||||
BNP PARIBAS SA | 10/23/2018 | — | 91 | 91 | ||||||||||
BNP PARIBAS SA | 5/9/2017 | — | 693 | 693 | ||||||||||
BNP PARIBAS SA | 5/8/2018 | — | 26 | 26 | ||||||||||
BNP PARIBAS SA | 5/7/2019 | — | 32 | 32 | ||||||||||
BNP PARIBAS SA | 6/20/2017 | — | 754 | 754 | ||||||||||
BNP PARIBAS SA | 6/19/2018 | — | 26 | 26 | ||||||||||
BNP PARIBAS SA | 6/18/2019 | — | 65 | 65 | ||||||||||
BNP PARIBAS SA | 6/27/2017 | — | 1,022 | 1,022 | ||||||||||
BNP PARIBAS SA | 6/26/2018 | — | 30 | 30 | ||||||||||
BNP PARIBAS SA | 6/25/2019 | — | 36 | 36 | ||||||||||
BNP PARIBAS SA | 7/3/2017 | — | 899 | 899 | ||||||||||
BNP PARIBAS SA | 7/2/2019 | — | 33 | 33 | ||||||||||
BNP PARIBAS SA | 7/25/2017 | — | 495 | 495 | ||||||||||
BNP PARIBAS SA | 7/23/2019 | — | 28 | 28 | ||||||||||
BNP PARIBAS SA | 8/1/2017 | — | 500 | 500 | ||||||||||
BNP PARIBAS SA | 7/31/2018 | — | 23 | 23 | ||||||||||
BNP PARIBAS SA | 7/30/2019 | — | 29 | 29 | ||||||||||
F-53
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
BNP PARIBAS SA | 8/15/2017 | — | 555 | 555 | ||||||||||
BNP PARIBAS SA | 8/14/2018 | — | 22 | 22 | ||||||||||
BNP PARIBAS SA | 8/22/2017 | — | 462 | 462 | ||||||||||
BNP PARIBAS SA | 8/20/2019 | — | 28 | 28 | ||||||||||
BNP PARIBAS SA | 9/12/2017 | — | 757 | 757 | ||||||||||
BNP PARIBAS SA | 9/10/2019 | — | 31 | 31 | ||||||||||
BNP PARIBAS SA | 9/26/2017 | — | 594 | 594 | ||||||||||
BNP PARIBAS SA | 10/3/2017 | — | 674 | 674 | ||||||||||
BNP PARIBAS SA | 10/1/2019 | — | 61 | 61 | ||||||||||
BNP PARIBAS SA | 10/24/2017 | — | 656 | 656 | ||||||||||
BNP PARIBAS SA | 10/22/2019 | — | 31 | 31 | ||||||||||
BNP PARIBAS SA | 11/7/2017 | — | 673 | 673 | ||||||||||
BNP PARIBAS SA | 11/6/2018 | — | 26 | 26 | ||||||||||
BNP PARIBAS SA | 11/5/2019 | — | 32 | 32 | ||||||||||
BNP PARIBAS SA | 11/21/2017 | — | 485 | 485 | ||||||||||
BNP PARIBAS SA | 11/20/2018 | — | 22 | 22 | ||||||||||
BNP PARIBAS SA | 11/19/2019 | — | 28 | 28 | ||||||||||
BNP PARIBAS SA | 11/28/2017 | — | 456 | 456 | ||||||||||
BNP PARIBAS SA | 11/27/2018 | — | 22 | 22 | ||||||||||
BNP PARIBAS SA | 12/12/2017 | — | 313 | 313 | ||||||||||
BNP PARIBAS SA | 12/11/2018 | — | 38 | 38 | ||||||||||
BNP PARIBAS SA | 12/10/2019 | — | 25 | 25 | ||||||||||
BNP PARIBAS SA | 12/26/2017 | — | 393 | 393 | ||||||||||
BNP PARIBAS SA | 12/24/2018 | — | 19 | 19 | ||||||||||
BNP PARIBAS SA | 12/24/2019 | — | 27 | 27 | ||||||||||
WELLS FARGO BANK NA | 8/22/2017 | — | 155 | 155 | ||||||||||
WELLS FARGO BANK NA | 8/21/2018 | — | 216 | 216 | ||||||||||
WELLS FARGO BANK NA | 12/11/2018 | — | 129 | 129 | ||||||||||
WELLS FARGO BANK NA | 1/3/2017 | — | 930 | 930 | ||||||||||
WELLS FARGO BANK NA | 1/10/2017 | — | 1,285 | 1,285 | ||||||||||
WELLS FARGO BANK NA | 1/17/2017 | — | 1,389 | 1,389 | ||||||||||
WELLS FARGO BANK NA | 1/16/2018 | — | 79 | 79 | ||||||||||
WELLS FARGO BANK NA | 1/15/2019 | — | 132 | 132 | ||||||||||
WELLS FARGO BANK NA | 1/24/2017 | — | 1,631 | 1,631 | ||||||||||
WELLS FARGO BANK NA | 1/23/2018 | — | 113 | 113 | ||||||||||
WELLS FARGO BANK NA | 1/31/2017 | — | 1,401 | 1,401 | ||||||||||
WELLS FARGO BANK NA | 1/29/2019 | — | 128 | 128 | ||||||||||
WELLS FARGO BANK NA | 2/7/2017 | — | 2,074 | 2,074 | ||||||||||
WELLS FARGO BANK NA | 2/14/2017 | — | 1,701 | 1,701 | ||||||||||
WELLS FARGO BANK NA | 2/21/2017 | — | 1,485 | 1,485 | ||||||||||
WELLS FARGO BANK NA | 2/20/2018 | — | 147 | 147 | ||||||||||
WELLS FARGO BANK NA | 2/28/2017 | — | 1,126 | 1,126 | ||||||||||
WELLS FARGO BANK NA | 3/7/2017 | — | 1,153 | 1,153 | ||||||||||
WELLS FARGO BANK NA | 3/14/2017 | — | 939 | 939 | ||||||||||
F-54
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
WELLS FARGO BANK NA | 3/21/2017 | — | 879 | 879 | ||||||||||
WELLS FARGO BANK NA | 3/28/2017 | — | 985 | 985 | ||||||||||
WELLS FARGO BANK NA | 3/27/2018 | — | 82 | 82 | ||||||||||
WELLS FARGO BANK NA | 3/26/2019 | — | 166 | 166 | ||||||||||
WELLS FARGO BANK NA | 4/4/2017 | — | 809 | 809 | ||||||||||
WELLS FARGO BANK NA | 4/11/2017 | — | 855 | 855 | ||||||||||
WELLS FARGO BANK NA | 4/9/2019 | — | 33 | 33 | ||||||||||
WELLS FARGO BANK NA | 4/18/2017 | — | 685 | 685 | ||||||||||
WELLS FARGO BANK NA | 4/17/2018 | — | 25 | 25 | ||||||||||
WELLS FARGO BANK NA | 4/16/2019 | — | 61 | 61 | ||||||||||
WELLS FARGO BANK NA | 4/25/2017 | — | 707 | 707 | ||||||||||
WELLS FARGO BANK NA | 4/24/2018 | — | 25 | 25 | ||||||||||
WELLS FARGO BANK NA | 4/23/2019 | — | 31 | 31 | ||||||||||
WELLS FARGO BANK NA | 5/2/2017 | — | 793 | 793 | ||||||||||
WELLS FARGO BANK NA | 5/1/2018 | — | 55 | 55 | ||||||||||
WELLS FARGO BANK NA | 4/30/2019 | — | 67 | 67 | ||||||||||
WELLS FARGO BANK NA | 5/16/2017 | — | 944 | 944 | ||||||||||
WELLS FARGO BANK NA | 5/15/2018 | — | 57 | 57 | ||||||||||
WELLS FARGO BANK NA | 5/14/2019 | — | 34 | 34 | ||||||||||
WELLS FARGO BANK NA | 5/23/2017 | — | 789 | 789 | ||||||||||
WELLS FARGO BANK NA | 5/21/2019 | — | 33 | 33 | ||||||||||
WELLS FARGO BANK NA | 5/30/2017 | — | 746 | 746 | ||||||||||
WELLS FARGO BANK NA | 6/6/2017 | — | 704 | 704 | ||||||||||
WELLS FARGO BANK NA | 6/5/2018 | — | 25 | 25 | ||||||||||
WELLS FARGO BANK NA | 6/4/2019 | — | 61 | 61 | ||||||||||
WELLS FARGO BANK NA | 6/13/2017 | — | 772 | 772 | ||||||||||
WELLS FARGO BANK NA | 6/12/2018 | — | 27 | 27 | ||||||||||
WELLS FARGO BANK NA | 6/11/2019 | — | 66 | 66 | ||||||||||
WELLS FARGO BANK NA | 7/11/2017 | — | 585 | 585 | ||||||||||
WELLS FARGO BANK NA | 7/9/2019 | — | 29 | 29 | ||||||||||
WELLS FARGO BANK NA | 7/18/2017 | — | 488 | 488 | ||||||||||
WELLS FARGO BANK NA | 8/8/2017 | — | 447 | 447 | ||||||||||
WELLS FARGO BANK NA | 8/7/2018 | — | 65 | 65 | ||||||||||
WELLS FARGO BANK NA | 8/6/2019 | — | 55 | 55 | ||||||||||
WELLS FARGO BANK NA | 8/29/2017 | — | 477 | 477 | ||||||||||
WELLS FARGO BANK NA | 8/28/2018 | — | 22 | 22 | ||||||||||
WELLS FARGO BANK NA | 9/5/2017 | — | 530 | 530 | ||||||||||
WELLS FARGO BANK NA | 9/3/2019 | — | 28 | 28 | ||||||||||
WELLS FARGO BANK NA | 9/19/2017 | — | 674 | 674 | ||||||||||
WELLS FARGO BANK NA | 10/10/2017 | — | 572 | 572 | ||||||||||
WELLS FARGO BANK NA | 10/9/2018 | — | 25 | 25 | ||||||||||
WELLS FARGO BANK NA | 10/8/2019 | — | 31 | 31 | ||||||||||
WELLS FARGO BANK NA | 10/17/2017 | — | 623 | 623 | ||||||||||
WELLS FARGO BANK NA | 10/16/2018 | — | 25 | 25 | ||||||||||
F-55
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
WELLS FARGO BANK NA | 10/15/2019 | — | 31 | 31 | ||||||||||
WELLS FARGO BANK NA | 10/31/2017 | — | 680 | 680 | ||||||||||
WELLS FARGO BANK NA | 10/29/2019 | — | 33 | 33 | ||||||||||
WELLS FARGO BANK NA | 11/14/2017 | — | 547 | 547 | ||||||||||
WELLS FARGO BANK NA | 11/12/2019 | — | 29 | 29 | ||||||||||
WELLS FARGO BANK NA | 12/5/2017 | — | 490 | 490 | ||||||||||
WELLS FARGO BANK NA | 12/4/2018 | — | 22 | 22 | ||||||||||
WELLS FARGO BANK NA | 12/3/2019 | — | 28 | 28 | ||||||||||
WELLS FARGO BANK NA | 12/19/2017 | — | 352 | 352 | ||||||||||
WELLS FARGO BANK NA | 12/18/2018 | — | 19 | 19 | ||||||||||
WELLS FARGO BANK NA | 12/17/2019 | — | 25 | 25 | ||||||||||
TOTAL PURCHASED OPTIONS | 45,098 | 45,098 | ||||||||||||
WRITTEN OPTIONS | ||||||||||||||
BNP PARIBAS SA | 8/21/2018 | — | (165 | ) | (165 | ) | ||||||||
BNP PARIBAS SA | 8/29/2017 | — | (88 | ) | (88 | ) | ||||||||
BNP PARIBAS SA | 8/28/2018 | — | (89 | ) | (89 | ) | ||||||||
BNP PARIBAS SA | 4/30/2019 | — | (46 | ) | (46 | ) | ||||||||
BNP PARIBAS SA | 5/9/2017 | — | (548 | ) | (548 | ) | ||||||||
BNP PARIBAS SA | 5/9/2017 | — | (7 | ) | (7 | ) | ||||||||
BNP PARIBAS SA | 5/8/2018 | — | (20 | ) | (20 | ) | ||||||||
BNP PARIBAS SA | 6/11/2019 | — | (46 | ) | (46 | ) | ||||||||
BNP PARIBAS SA | 6/20/2017 | — | (643 | ) | (643 | ) | ||||||||
BNP PARIBAS SA | 6/20/2017 | — | (11 | ) | (11 | ) | ||||||||
BNP PARIBAS SA | 6/19/2018 | — | (22 | ) | (22 | ) | ||||||||
BNP PARIBAS SA | 6/18/2019 | — | (49 | ) | (49 | ) | ||||||||
BNP PARIBAS SA | 6/25/2019 | — | (28 | ) | (28 | ) | ||||||||
BNP PARIBAS SA | 6/26/2018 | — | (26 | ) | (26 | ) | ||||||||
BNP PARIBAS SA | 6/27/2017 | — | (15 | ) | (15 | ) | ||||||||
BNP PARIBAS SA | 6/27/2017 | — | (891 | ) | (891 | ) | ||||||||
BNP PARIBAS SA | 7/3/2017 | — | (771 | ) | (771 | ) | ||||||||
BNP PARIBAS SA | 7/3/2017 | — | (11 | ) | (11 | ) | ||||||||
BNP PARIBAS SA | 7/18/2017 | — | (7 | ) | (7 | ) | ||||||||
BNP PARIBAS SA | 7/25/2017 | — | (404 | ) | (404 | ) | ||||||||
BNP PARIBAS SA | 7/25/2017 | — | (7 | ) | (7 | ) | ||||||||
BNP PARIBAS SA | 7/23/2019 | — | (21 | ) | (21 | ) | ||||||||
BNP PARIBAS SA | 8/1/2017 | — | (413 | ) | (413 | ) | ||||||||
BNP PARIBAS SA | 8/1/2017 | — | (8 | ) | (8 | ) | ||||||||
BNP PARIBAS SA | 7/31/2018 | — | (19 | ) | (19 | ) | ||||||||
BNP PARIBAS SA | 8/6/2019 | — | (41 | ) | (41 | ) | ||||||||
BNP PARIBAS SA | 8/15/2017 | — | (455 | ) | (455 | ) | ||||||||
BNP PARIBAS SA | 8/15/2017 | — | (7 | ) | (7 | ) | ||||||||
BNP PARIBAS SA | 8/14/2018 | — | (18 | ) | (18 | ) | ||||||||
BNP PARIBAS SA | 8/20/2019 | — | (20 | ) | (20 | ) | ||||||||
BNP PARIBAS SA | 8/22/2017 | — | (382 | ) | (382 | ) | ||||||||
F-56
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
BNP PARIBAS SA | 9/3/2019 | — | (21 | ) | (21 | ) | ||||||||
BNP PARIBAS SA | 9/12/2017 | — | (649 | ) | (649 | ) | ||||||||
BNP PARIBAS SA | 9/12/2017 | — | (11 | ) | (11 | ) | ||||||||
BNP PARIBAS SA | 9/19/2017 | — | (10 | ) | (10 | ) | ||||||||
BNP PARIBAS SA | 9/26/2017 | — | (503 | ) | (503 | ) | ||||||||
BNP PARIBAS SA | 9/26/2017 | — | (9 | ) | (9 | ) | ||||||||
BNP PARIBAS SA | 10/3/2017 | — | (575 | ) | (575 | ) | ||||||||
BNP PARIBAS SA | 10/3/2017 | — | (10 | ) | (10 | ) | ||||||||
BNP PARIBAS SA | 10/15/2019 | — | (24 | ) | (24 | ) | ||||||||
BNP PARIBAS SA | 10/24/2017 | — | (573 | ) | (573 | ) | ||||||||
BNP PARIBAS SA | 10/24/2017 | — | (12 | ) | (12 | ) | ||||||||
BNP PARIBAS SA | 10/29/2019 | — | (25 | ) | (25 | ) | ||||||||
BNP PARIBAS SA | 11/7/2017 | — | (589 | ) | (589 | ) | ||||||||
BNP PARIBAS SA | 11/7/2017 | — | (12 | ) | (12 | ) | ||||||||
BNP PARIBAS SA | 11/6/2018 | — | (22 | ) | (22 | ) | ||||||||
BNP PARIBAS SA | 11/12/2019 | — | (22 | ) | (22 | ) | ||||||||
BNP PARIBAS SA | 11/19/2019 | — | (21 | ) | (21 | ) | ||||||||
BNP PARIBAS SA | 11/20/2018 | — | (19 | ) | (19 | ) | ||||||||
BNP PARIBAS SA | 11/21/2017 | — | (10 | ) | (10 | ) | ||||||||
BNP PARIBAS SA | 11/21/2017 | — | (418 | ) | (418 | ) | ||||||||
BNP PARIBAS SA | 11/28/2017 | — | (392 | ) | (392 | ) | ||||||||
BNP PARIBAS SA | 11/28/2017 | — | (10 | ) | (10 | ) | ||||||||
BNP PARIBAS SA | 12/3/2019 | — | (21 | ) | (21 | ) | ||||||||
BNP PARIBAS SA | 12/12/2017 | — | (263 | ) | (263 | ) | ||||||||
BNP PARIBAS SA | 12/12/2017 | — | (7 | ) | (7 | ) | ||||||||
BNP PARIBAS SA | 12/11/2018 | — | (31 | ) | (31 | ) | ||||||||
BNP PARIBAS SA | 12/17/2019 | — | (18 | ) | (18 | ) | ||||||||
BNP PARIBAS SA | 12/26/2017 | — | (7 | ) | (7 | ) | ||||||||
BNP PARIBAS SA | 12/26/2017 | — | (334 | ) | (334 | ) | ||||||||
BNP PARIBAS SA | 12/24/2018 | — | (16 | ) | (16 | ) | ||||||||
BNP PARIBAS SA | 12/24/2019 | — | (15 | ) | (15 | ) | ||||||||
WELLS FARGO BANK NA | 8/22/2017 | — | (133 | ) | (133 | ) | ||||||||
WELLS FARGO BANK NA | 10/23/2018 | — | (62 | ) | (62 | ) | ||||||||
WELLS FARGO BANK NA | 12/11/2018 | — | (69 | ) | (69 | ) | ||||||||
WELLS FARGO BANK NA | 12/11/2018 | — | (7 | ) | (7 | ) | ||||||||
WELLS FARGO BANK NA | 1/3/2017 | — | (785 | ) | (785 | ) | ||||||||
WELLS FARGO BANK NA | 1/3/2017 | — | (12 | ) | (12 | ) | ||||||||
WELLS FARGO BANK NA | 1/10/2017 | — | (1,133 | ) | (1,133 | ) | ||||||||
WELLS FARGO BANK NA | 1/10/2017 | — | (20 | ) | (20 | ) | ||||||||
WELLS FARGO BANK NA | 1/17/2017 | — | (1,209 | ) | (1,209 | ) | ||||||||
WELLS FARGO BANK NA | 1/17/2017 | — | (22 | ) | (22 | ) | ||||||||
WELLS FARGO BANK NA | 1/16/2018 | — | (66 | ) | (66 | ) | ||||||||
WELLS FARGO BANK NA | 1/15/2019 | — | (99 | ) | (99 | ) | ||||||||
WELLS FARGO BANK NA | 1/24/2017 | — | (1,416 | ) | (1,416 | ) | ||||||||
F-57
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
WELLS FARGO BANK NA | 1/24/2017 | — | (20 | ) | (20 | ) | ||||||||
WELLS FARGO BANK NA | 1/23/2018 | — | (94 | ) | (94 | ) | ||||||||
WELLS FARGO BANK NA | 1/31/2017 | — | (1,213 | ) | (1,213 | ) | ||||||||
WELLS FARGO BANK NA | 1/31/2017 | — | (20 | ) | (20 | ) | ||||||||
WELLS FARGO BANK NA | 1/29/2019 | — | (95 | ) | (95 | ) | ||||||||
WELLS FARGO BANK NA | 2/7/2017 | — | (1,842 | ) | (1,842 | ) | ||||||||
WELLS FARGO BANK NA | 2/7/2017 | — | (26 | ) | (26 | ) | ||||||||
WELLS FARGO BANK NA | 2/14/2017 | — | (1,485 | ) | (1,485 | ) | ||||||||
WELLS FARGO BANK NA | 2/14/2017 | — | (21 | ) | (21 | ) | ||||||||
WELLS FARGO BANK NA | 2/21/2017 | — | (1,285 | ) | (1,285 | ) | ||||||||
WELLS FARGO BANK NA | 2/21/2017 | — | (19 | ) | (19 | ) | ||||||||
WELLS FARGO BANK NA | 2/20/2018 | — | (122 | ) | (122 | ) | ||||||||
WELLS FARGO BANK NA | 2/28/2017 | — | (942 | ) | (942 | ) | ||||||||
WELLS FARGO BANK NA | 2/28/2017 | — | (14 | ) | (14 | ) | ||||||||
WELLS FARGO BANK NA | 3/7/2017 | — | (967 | ) | (967 | ) | ||||||||
WELLS FARGO BANK NA | 3/7/2017 | — | (14 | ) | (14 | ) | ||||||||
WELLS FARGO BANK NA | 3/14/2017 | — | (771 | ) | (771 | ) | ||||||||
WELLS FARGO BANK NA | 3/14/2017 | — | (11 | ) | (11 | ) | ||||||||
WELLS FARGO BANK NA | 3/21/2017 | — | (706 | ) | (706 | ) | ||||||||
WELLS FARGO BANK NA | 3/21/2017 | — | (8 | ) | (8 | ) | ||||||||
WELLS FARGO BANK NA | 3/28/2017 | — | (777 | ) | (777 | ) | ||||||||
WELLS FARGO BANK NA | 3/28/2017 | — | (16 | ) | (16 | ) | ||||||||
WELLS FARGO BANK NA | 3/27/2018 | — | (64 | ) | (64 | ) | ||||||||
WELLS FARGO BANK NA | 3/26/2019 | — | (114 | ) | (114 | ) | ||||||||
WELLS FARGO BANK NA | 4/4/2017 | — | (654 | ) | (654 | ) | ||||||||
WELLS FARGO BANK NA | 4/4/2017 | — | (9 | ) | (9 | ) | ||||||||
WELLS FARGO BANK NA | 4/11/2017 | — | (686 | ) | (686 | ) | ||||||||
WELLS FARGO BANK NA | 4/11/2017 | — | (8 | ) | (8 | ) | ||||||||
WELLS FARGO BANK NA | 4/9/2019 | — | (23 | ) | (23 | ) | ||||||||
WELLS FARGO BANK NA | 4/18/2017 | — | (531 | ) | (531 | ) | ||||||||
WELLS FARGO BANK NA | 4/18/2017 | — | (6 | ) | (6 | ) | ||||||||
WELLS FARGO BANK NA | 4/17/2018 | — | (19 | ) | (19 | ) | ||||||||
WELLS FARGO BANK NA | 4/16/2019 | — | (41 | ) | (41 | ) | ||||||||
WELLS FARGO BANK NA | 4/25/2017 | — | (554 | ) | (554 | ) | ||||||||
WELLS FARGO BANK NA | 4/25/2017 | — | (7 | ) | (7 | ) | ||||||||
WELLS FARGO BANK NA | 4/24/2018 | — | (20 | ) | (20 | ) | ||||||||
WELLS FARGO BANK NA | 4/23/2019 | — | (21 | ) | (21 | ) | ||||||||
WELLS FARGO BANK NA | 5/2/2017 | — | (640 | ) | (640 | ) | ||||||||
WELLS FARGO BANK NA | 5/2/2017 | — | (9 | ) | (9 | ) | ||||||||
WELLS FARGO BANK NA | 5/1/2018 | — | (43 | ) | (43 | ) | ||||||||
WELLS FARGO BANK NA | 5/7/2019 | — | (22 | ) | (22 | ) | ||||||||
WELLS FARGO BANK NA | 5/16/2017 | — | (780 | ) | (780 | ) | ||||||||
WELLS FARGO BANK NA | 5/16/2017 | — | (11 | ) | (11 | ) | ||||||||
WELLS FARGO BANK NA | 5/15/2018 | — | (46 | ) | (46 | ) | ||||||||
F-58
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
WELLS FARGO BANK NA | 5/14/2019 | — | (24 | ) | (24 | ) | ||||||||
WELLS FARGO BANK NA | 5/21/2019 | — | (23 | ) | (23 | ) | ||||||||
WELLS FARGO BANK NA | 5/23/2017 | — | (639 | ) | (639 | ) | ||||||||
WELLS FARGO BANK NA | 5/23/2017 | — | (9 | ) | (9 | ) | ||||||||
WELLS FARGO BANK NA | 5/30/2017 | — | (598 | ) | (598 | ) | ||||||||
WELLS FARGO BANK NA | 5/30/2017 | — | (8 | ) | (8 | ) | ||||||||
WELLS FARGO BANK NA | 6/6/2017 | — | (561 | ) | (561 | ) | ||||||||
WELLS FARGO BANK NA | 6/6/2017 | — | (7 | ) | (7 | ) | ||||||||
WELLS FARGO BANK NA | 6/5/2018 | — | (19 | ) | (19 | ) | ||||||||
WELLS FARGO BANK NA | 6/4/2019 | — | (42 | ) | (42 | ) | ||||||||
WELLS FARGO BANK NA | 6/13/2017 | — | (629 | ) | (629 | ) | ||||||||
WELLS FARGO BANK NA | 6/13/2017 | — | (9 | ) | (9 | ) | ||||||||
WELLS FARGO BANK NA | 6/12/2018 | — | (22 | ) | (22 | ) | ||||||||
WELLS FARGO BANK NA | 7/2/2019 | — | (25 | ) | (25 | ) | ||||||||
WELLS FARGO BANK NA | 7/11/2017 | — | (472 | ) | (472 | ) | ||||||||
WELLS FARGO BANK NA | 7/11/2017 | — | (15 | ) | (15 | ) | ||||||||
WELLS FARGO BANK NA | 7/9/2019 | — | (21 | ) | (21 | ) | ||||||||
WELLS FARGO BANK NA | 7/18/2017 | — | (400 | ) | (400 | ) | ||||||||
WELLS FARGO BANK NA | 7/30/2019 | — | (22 | ) | (22 | ) | ||||||||
WELLS FARGO BANK NA | 8/8/2017 | — | (363 | ) | (363 | ) | ||||||||
WELLS FARGO BANK NA | 8/8/2017 | — | (7 | ) | (7 | ) | ||||||||
WELLS FARGO BANK NA | 8/7/2018 | — | (53 | ) | (53 | ) | ||||||||
WELLS FARGO BANK NA | 8/22/2017 | — | (7 | ) | (7 | ) | ||||||||
WELLS FARGO BANK NA | 8/29/2017 | — | (396 | ) | (396 | ) | ||||||||
WELLS FARGO BANK NA | 8/29/2017 | — | (8 | ) | (8 | ) | ||||||||
WELLS FARGO BANK NA | 8/28/2018 | — | (18 | ) | (18 | ) | ||||||||
WELLS FARGO BANK NA | 9/5/2017 | — | (440 | ) | (440 | ) | ||||||||
WELLS FARGO BANK NA | 9/5/2017 | — | (8 | ) | (8 | ) | ||||||||
WELLS FARGO BANK NA | 9/10/2019 | — | (24 | ) | (24 | ) | ||||||||
WELLS FARGO BANK NA | 9/19/2017 | — | (575 | ) | (575 | ) | ||||||||
WELLS FARGO BANK NA | 10/1/2019 | — | (46 | ) | (46 | ) | ||||||||
WELLS FARGO BANK NA | 10/10/2017 | — | (498 | ) | (498 | ) | ||||||||
WELLS FARGO BANK NA | 10/10/2017 | — | (12 | ) | (12 | ) | ||||||||
WELLS FARGO BANK NA | 10/9/2018 | — | (22 | ) | (22 | ) | ||||||||
WELLS FARGO BANK NA | 10/8/2019 | — | (24 | ) | (24 | ) | ||||||||
WELLS FARGO BANK NA | 10/17/2017 | — | (544 | ) | (544 | ) | ||||||||
WELLS FARGO BANK NA | 10/17/2017 | — | (12 | ) | (12 | ) | ||||||||
WELLS FARGO BANK NA | 10/16/2018 | — | (22 | ) | (22 | ) | ||||||||
WELLS FARGO BANK NA | 10/22/2019 | — | (24 | ) | (24 | ) | ||||||||
WELLS FARGO BANK NA | 10/31/2017 | — | (600 | ) | (600 | ) | ||||||||
WELLS FARGO BANK NA | 10/31/2017 | — | (14 | ) | (14 | ) | ||||||||
WELLS FARGO BANK NA | 11/5/2019 | — | (24 | ) | (24 | ) | ||||||||
WELLS FARGO BANK NA | 11/14/2017 | — | (474 | ) | (474 | ) | ||||||||
WELLS FARGO BANK NA | 11/14/2017 | — | (10 | ) | (10 | ) | ||||||||
F-59
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2016
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
WELLS FARGO BANK NA | 11/27/2018 | — | (19 | ) | (19 | ) | ||||||||
WELLS FARGO BANK NA | 12/5/2017 | — | (422 | ) | (422 | ) | ||||||||
WELLS FARGO BANK NA | 12/5/2017 | — | (9 | ) | (9 | ) | ||||||||
WELLS FARGO BANK NA | 12/4/2018 | — | (18 | ) | (18 | ) | ||||||||
WELLS FARGO BANK NA | 12/10/2019 | — | (18 | ) | (18 | ) | ||||||||
WELLS FARGO BANK NA | 12/19/2017 | — | (298 | ) | (298 | ) | ||||||||
WELLS FARGO BANK NA | 12/19/2017 | — | (7 | ) | (7 | ) | ||||||||
WELLS FARGO BANK NA | 12/18/2018 | — | (16 | ) | (16 | ) | ||||||||
TOTAL WRITTEN OPTIONS | (38,313 | ) | (38,313 | ) | ||||||||||
FUTURES | ||||||||||||||
S&P 500 MINI FUTURES | 3/1/2017 | — | (6 | ) | (6 | ) | ||||||||
TOTAL FUTURES | (6 | ) | (6 | ) | ||||||||||
TOTAL DERIVATIVES - NET | 6,779 | 6,779 | ||||||||||||
TOTAL INVESTMENTS IN CASH EQUIVALENTS, FIXED MATURITIES, COMMON STOCK, SYNDICATED LOANS AND DERIVATIVES | $ | 6,175,334 | $ | 6,167,139 | ||||||||||
NOTES
a) Cash equivalents are carried at amortized cost which approximates fair value. Fixed maturities and common stocks are carried at fair value. In the absence of quoted market prices, fair values are obtained from third party pricing services, non-binding broker quotes or other model-based valuation techniques. Syndicated loans are carried at amortized cost, less allowance for loan losses. Derivatives are carried at fair value. Options are traded in over-the-counter markets using pricing models with market observable inputs. Futures are exchange-traded and valued using quoted prices in active markets. See notes to the financial statements regarding valuations.
b) For Federal income tax purposes, the cost of investments is $6.2 billion.
c) Securities written down due to other-than-temporary impairment related to credit losses.
d) Non-Income producing securities.
F-60
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers
As of December 31, 2015
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
CASH EQUIVALENTS | ||||||||||||||
COMMERCIAL PAPER | ||||||||||||||
EXELON CORPORATION | 1/7/2016 | — | % | $ | 10,000 | $ | 9,999 | $ | 9,999 | |||||
BNP PARIBAS SA | 1/4/2016 | — | 31,500 | 31,499 | 31,499 | |||||||||
DUKE ENERGY CORP | 1/21/2016 | — | 5,250 | 5,248 | 5,248 | |||||||||
EDISON INTERNATIONAL | 1/5/2016 | — | 12,800 | 12,799 | 12,799 | |||||||||
EDISON INTERNATIONAL | 1/20/2016 | — | 10,000 | 9,996 | 9,996 | |||||||||
TRANSCANADA CORPORATION | 1/5/2016 | — | 5,000 | 4,999 | 4,999 | |||||||||
TRANSCANADA CORPORATION | 1/7/2016 | — | 10,000 | 9,998 | 9,998 | |||||||||
UNITED HEALTH GROUP INC | 1/4/2016 | — | 50,000 | 49,999 | 49,999 | |||||||||
TOTAL CASH EQUIVALENTS | 134,537 | 134,537 | ||||||||||||
FIXED MATURITIES | ||||||||||||||
U.S. GOVERNMENT AND AGENCIES OBLIGATIONS | ||||||||||||||
UNITED STATES TREASURY | 11/15/2028 | 5.250 | 200 | 212 | 261 | |||||||||
UNITED STATES TREASURY | 4/15/2017 | 0.875 | 165 | 165 | 165 | |||||||||
TOTAL U.S. GOVERNMENT AND AGENCIES OBLIGATIONS | 377 | 426 | ||||||||||||
STATE AND MUNICIPAL OBLIGATIONS | ||||||||||||||
FLORIDA ST MID-BAY BRIDGE AUTHORITY | 10/1/2021 | 3.784 | 5,000 | 5,000 | 4,984 | |||||||||
CARSON CALIF REDEV AGENCY | 2/1/2017 | 2.261 | 1,330 | 1,330 | 1,324 | |||||||||
CARSON CALIF REDEV AGENCY | 2/1/2019 | 3.307 | 1,550 | 1,550 | 1,540 | |||||||||
CARSON CALIF REDEV AGENCY | 2/1/2020 | 3.757 | 3,205 | 3,205 | 3,172 | |||||||||
HURST-EULESS-BEDFORD TEX INDPT SCH DISTRICT | 8/15/2017 | — | 1,000 | 979 | 977 | |||||||||
LOS ANGELES CALIF MUN IMPT CORP | 11/1/2019 | 2.846 | 3,000 | 3,000 | 3,051 | |||||||||
LOS ANGELES CNTY CA REDEV AUTHORITY | 8/1/2019 | 2.644 | 2,425 | 2,425 | 2,423 | |||||||||
NEW HOPE CULTURAL EDU FACS FIN CORP | 7/1/2018 | 3.330 | 1,380 | 1,380 | 1,373 | |||||||||
NEW HOPE CULTURAL EDU FACS FIN CORP | 7/1/2019 | 3.780 | 2,155 | 2,155 | 2,146 | |||||||||
NEW HOPE CULTURAL EDU FACS FIN CORP | 7/1/2020 | 4.125 | 2,810 | 2,810 | 2,800 | |||||||||
NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY | 6/15/2017 | 3.375 | 7,890 | 7,890 | 7,908 | |||||||||
NORTH CAROLINA EASTN MUN PWR AGENCY | 7/1/2017 | 1.561 | 3,500 | 3,500 | 3,503 | |||||||||
SACRAMENTO CALIF UNI SCH DISTRICT | 8/1/2016 | 0.704 | 5,000 | 5,000 | 4,992 | |||||||||
SACRAMENTO CALIF UNI SCH DISTRICT | 8/1/2017 | 1.248 | 3,000 | 3,000 | 2,978 | |||||||||
ST PAUL MINN HSG & REDEV AUTHORITY | 7/1/2017 | 1.400 | 4,135 | 4,135 | 4,122 | |||||||||
ST PAUL HSG REDEV AUTHORITY | 7/1/2018 | 1.838 | 2,000 | 2,000 | 1,999 | |||||||||
TOTAL STATE AND MUNICIPAL OBLIGATIONS | 49,359 | 49,292 | ||||||||||||
RESIDENTIAL MORTGAGE BACKED SECURITIES | ||||||||||||||
AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES | ||||||||||||||
FREDDIE MAC GOLD G11193 | 8/1/2016 | 5.000 | 57 | 57 | 59 | |||||||||
FREDDIE MAC GOLD G11298 | 8/1/2017 | 5.000 | 219 | 219 | 227 | |||||||||
FREDDIE MAC ARM 845154 | 7/1/2022 | 2.460 | 46 | 47 | 47 | |||||||||
FREDDIE MAC ARM 845523 | 11/1/2023 | 2.380 | 8 | 8 | 8 | |||||||||
FREDDIE MAC ARM 845654 | 2/1/2024 | 2.732 | 159 | 160 | 163 | |||||||||
FREDDIE MAC ARM 845730 | 11/1/2023 | 2.441 | 169 | 173 | 176 | |||||||||
F-61
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2015
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
FREDDIE MAC ARM 845733 | 4/1/2024 | 2.479 | 201 | 203 | 212 | |||||||||
FREDDIE MAC ARM 846702 | 10/1/2029 | 2.425 | 49 | 50 | 52 | |||||||||
FREDDIE MAC ARM 846107 | 2/1/2025 | 2.740 | 51 | 52 | 53 | |||||||||
FREDDIE MAC GOLD G30227 | 5/1/2023 | 5.500 | 744 | 763 | 822 | |||||||||
FREDDIE MAC GOLD E90153 | 6/1/2017 | 6.000 | 46 | 46 | 46 | |||||||||
FREDDIE MAC GOLD E90154 | 6/1/2017 | 6.000 | 117 | 118 | 120 | |||||||||
FREDDIE MAC GOLD E91041 | 9/1/2017 | 5.000 | 182 | 181 | 188 | |||||||||
FREDDIE MAC GOLD E95403 | 3/1/2018 | 5.000 | 256 | 258 | 265 | |||||||||
FREDDIE MAC GOLD E95671 | 4/1/2018 | 5.000 | 368 | 371 | 381 | |||||||||
FREDDIE MAC 1N1474 | 5/1/2037 | 2.506 | 3,333 | 3,460 | 3,532 | |||||||||
FREDDIE MAC 1H2520 | 6/1/2035 | 2.488 | 9,352 | 9,938 | 9,912 | |||||||||
FREDDIE MAC 1Q1540 | 6/1/2040 | 2.480 | 16,919 | 18,096 | 17,979 | |||||||||
FREDDIE MAC 1Q1515 | 11/1/2038 | 2.429 | 35,707 | 37,788 | 37,792 | |||||||||
FREDDIE MAC | 5/1/2038 | 2.364 | 27,366 | 28,942 | 28,990 | |||||||||
FREDDIE MAC 1Q1548 | 8/1/2038 | 2.374 | 16,568 | 17,466 | 17,483 | |||||||||
FREDDIE MAC ARM 350190 | 5/1/2022 | 2.500 | 35 | 36 | 35 | |||||||||
FREDDIE MAC GOLD E01140 | 5/1/2017 | 6.000 | 213 | 214 | 218 | |||||||||
FREDDIE MAC ARM 788941 | 12/1/2031 | 2.625 | 31 | 30 | 31 | |||||||||
FREDDIE MAC 848922 | 4/1/2037 | 2.488 | 9,351 | 9,987 | 9,907 | |||||||||
FREDDIE MAC | 9/1/2039 | 2.494 | 7,754 | 8,201 | 8,219 | |||||||||
FREDDIE MAC | 8/1/2037 | 2.896 | 11,637 | 12,431 | 12,412 | |||||||||
FREDDIE MAC GOLD | 8/1/2030 | 3.000 | 25,165 | 26,125 | 25,960 | |||||||||
FREDDIE MAC GOLD C90581 | 8/1/2022 | 5.500 | 187 | 186 | 206 | |||||||||
FREDDIE MAC GOLD C90582 | 9/1/2022 | 5.500 | 123 | 122 | 136 | |||||||||
FREDDIE MAC ARM 1B0183 | 12/1/2031 | 2.406 | 108 | 106 | 110 | |||||||||
FREDDIE MAC ARM 780845 | 9/1/2033 | 2.500 | 361 | 351 | 375 | |||||||||
FREDDIE MAC ARM 780514 | 5/1/2033 | 2.489 | 546 | 558 | 583 | |||||||||
FREDDIE MAC ARM 840031 | 1/1/2019 | 2.375 | 3 | 3 | 3 | |||||||||
FREDDIE MAC ARM 840035 | 1/1/2019 | 2.401 | 19 | 19 | 19 | |||||||||
FREDDIE MAC ARM 840036 | 1/1/2019 | 2.375 | 13 | 13 | 13 | |||||||||
FREDDIE MAC ARM 840072 | 6/1/2019 | 2.250 | 31 | 31 | 32 | |||||||||
FREDDIE MAC ARM 405014 | 1/1/2019 | 2.370 | 15 | 15 | 15 | |||||||||
FREDDIE MAC ARM 405092 | 3/1/2019 | 2.375 | 14 | 14 | 14 | |||||||||
FREDDIE MAC ARM 405185 | 10/1/2018 | 2.168 | 35 | 35 | 35 | |||||||||
FREDDIE MAC ARM 405243 | 7/1/2019 | 2.385 | 33 | 33 | 33 | |||||||||
FREDDIE MAC ARM 405437 | 10/1/2019 | 2.400 | 36 | 36 | 36 | |||||||||
FREDDIE MAC ARM 405615 | 10/1/2019 | 2.232 | 13 | 13 | 13 | |||||||||
FREDDIE MAC ARM 605432 | 8/1/2017 | 2.213 | 6 | 6 | 6 | |||||||||
FREDDIE MAC ARM 605433 | 9/1/2017 | 2.146 | 9 | 9 | 9 | |||||||||
FREDDIE MAC ARM 606024 | 2/1/2019 | 2.091 | 23 | 23 | 24 | |||||||||
FREDDIE MAC ARM 606025 | 7/1/2019 | 1.825 | 55 | 55 | 56 | |||||||||
FREDDIE MAC ARM 785363 | 2/1/2025 | 2.428 | 68 | 68 | 71 | |||||||||
FREDDIE MAC ARM 865008 | 2/1/2018 | 3.125 | 24 | 24 | 24 | |||||||||
FREDDIE MAC ARM 780903 | 9/1/2033 | 2.500 | 403 | 399 | 426 | |||||||||
F-62
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2015
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
FREDDIE MAC | 8/1/2034 | 2.500 | 1,532 | 1,547 | 1,624 | |||||||||
FREDDIE MAC STRIP FHSTR_328 | 2/15/2038 | 0.594 | 16,717 | 16,741 | 16,701 | |||||||||
FANNIE MAE ARM 70117 | 9/1/2017 | 2.130 | 1 | 1 | 1 | |||||||||
FANNIE MAE ARM 70007 | 7/1/2017 | 2.018 | 4 | 4 | 4 | |||||||||
FANNIE MAE ARM 105989 | 8/1/2020 | 3.204 | 16 | 16 | 16 | |||||||||
FANNIE MAE ARM 88879 | 11/1/2019 | 2.581 | 57 | 57 | 57 | |||||||||
FANNIE MAE ARM 89125 | 8/1/2019 | 1.873 | 73 | 73 | 76 | |||||||||
FANNIE MAE ARM 190726 | 3/1/2033 | 4.825 | 173 | 177 | 183 | |||||||||
FANNIE MAE 13-2 13-2 KF | 1/25/2037 | 0.602 | 15,110 | 15,073 | 15,019 | |||||||||
FANNIE MAE 15-4 | 2/25/2045 | 0.594 | 21,026 | 21,058 | 20,999 | |||||||||
FANNIE MAE 15-22 | 4/25/2045 | 0.594 | 15,323 | 15,331 | 15,257 | |||||||||
FANNIE MAE 15-42 | 6/25/2055 | 0.574 | 17,433 | 17,453 | 17,262 | |||||||||
FANNIE MAE FNR_15-50 | 7/25/2045 | 0.594 | 67,006 | 66,936 | 66,913 | |||||||||
FANNIE MAE 15-84 | 11/25/2045 | 0.594 | 32,822 | 32,770 | 32,580 | |||||||||
FANNIE MAE 15-91 | 12/25/2045 | 0.614 | 41,464 | 41,258 | 41,256 | |||||||||
FANNIE MAE ARM 249907 | 2/1/2024 | 2.750 | 213 | 215 | 223 | |||||||||
FANNIE MAE 254590 | 1/1/2018 | 5.000 | 715 | 715 | 740 | |||||||||
FANNIE MAE 254591 | 1/1/2018 | 5.500 | 501 | 505 | 517 | |||||||||
FANNIE MAE ARM 303259 | 3/1/2025 | 2.387 | 76 | 77 | 79 | |||||||||
FANNIE MAE 303970 | 9/1/2024 | 6.000 | 536 | 531 | 608 | |||||||||
FREDDIE MAC 3812 3812 BE | 9/15/2018 | 2.750 | 1,715 | 1,726 | 1,744 | |||||||||
FREDDIE MAC 4159 4159 FD | 1/15/2043 | 0.681 | 15,674 | 15,732 | 15,692 | |||||||||
FREDDIE MAC 43-63 | 9/15/2041 | 0.614 | 12,473 | 12,490 | 12,388 | |||||||||
FREDDIE MAC | 4/15/2040 | 0.554 | 9,319 | 9,320 | 9,306 | |||||||||
FREDDIE MAC | 11/15/2038 | 0.594 | 25,130 | 25,025 | 24,964 | |||||||||
FREDDIE MAC 4491 | 8/15/2039 | 0.564 | 18,178 | 18,173 | 18,101 | |||||||||
FREDDIE MAC 15-4521 | 5/15/2041 | 0.574 | 52,195 | 52,104 | 52,178 | |||||||||
FANNIE MAE 545492 | 2/1/2022 | 5.500 | 246 | 244 | 274 | |||||||||
FANNIE MAE 545249 | 10/1/2016 | 5.500 | 41 | 41 | 41 | |||||||||
FANNIE MAE 545303 | 9/1/2016 | 5.000 | 171 | 171 | 178 | |||||||||
FANNIE MAE ARM 545786 | 6/1/2032 | 2.415 | 220 | 221 | 225 | |||||||||
FANNIE MAE HYBRID ARM 566074 | 5/1/2031 | 2.525 | 326 | 326 | 343 | |||||||||
FANNIE MAE HYBRID ARM 584507 | 6/1/2031 | 2.410 | 214 | 213 | 225 | |||||||||
FANNIE MAE 584829 | 5/1/2016 | 6.000 | 9 | 9 | 9 | |||||||||
FANNIE MAE 585743 | 5/1/2016 | 5.500 | 29 | 29 | 29 | |||||||||
FANNIE MAE 616220 | 11/1/2016 | 5.000 | 74 | 74 | 77 | |||||||||
FANNIE MAE 617270 | 1/1/2017 | 5.000 | 128 | 128 | 133 | |||||||||
FANNIE MAE ARM 620293 | 1/1/2032 | 2.525 | 244 | 241 | 255 | |||||||||
FANNIE MAE 622462 | 12/1/2016 | 5.500 | 104 | 104 | 105 | |||||||||
FANNIE MAE 623866 | 2/1/2017 | 5.000 | 118 | 117 | 122 | |||||||||
FANNIE MAE 625943 | 3/1/2017 | 5.000 | 104 | 104 | 108 | |||||||||
FANNIE MAE AL1037 | 1/1/2037 | 2.456 | 6,081 | 6,486 | 6,440 | |||||||||
FANNIE MAE AL2269 | 10/1/2040 | 2.587 | 9,814 | 10,444 | 10,336 | |||||||||
FANNIE MAE AL3935 | 9/1/2037 | 2.467 | 15,993 | 16,929 | 16,920 | |||||||||
F-63
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2015
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
FANNIE MAE AL3961 | 2/1/2039 | 2.251 | 12,041 | 12,718 | 12,703 | |||||||||
FANNIE MAE | 3/1/2037 | 2.395 | 12,451 | 13,109 | 13,186 | |||||||||
FANNIE MAE | 9/1/2036 | 2.401 | 17,552 | 18,528 | 18,588 | |||||||||
FANNIE MAE | 2/1/2039 | 2.545 | 14,849 | 15,774 | 15,802 | |||||||||
FANNIE MAE AO8746 | 8/1/2027 | 2.500 | 28,289 | 29,205 | 28,745 | |||||||||
FANNIE MAE | 2/1/2030 | 3.000 | 12,071 | 12,582 | 12,460 | |||||||||
FANNIE MAE | 4/1/2030 | 3.000 | 15,592 | 16,252 | 16,096 | |||||||||
FANNIE MAE ARM 651629 | 8/1/2032 | 2.395 | 314 | 314 | 327 | |||||||||
FANNIE MAE ARM 654158 | 10/1/2032 | 1.915 | 605 | 606 | 641 | |||||||||
FANNIE MAE ARM 654195 | 10/1/2032 | 1.915 | 592 | 592 | 626 | |||||||||
FANNIE MAE ARM 655646 | 8/1/2032 | 2.478 | 382 | 382 | 398 | |||||||||
FANNIE MAE ARM 655798 | 8/1/2032 | 2.399 | 650 | 649 | 689 | |||||||||
FANNIE MAE ARM 661501 | 9/1/2032 | 2.418 | 48 | 48 | 48 | |||||||||
FANNIE MAE ARM 661349 | 9/1/2032 | 2.300 | 156 | 156 | 165 | |||||||||
FANNIE MAE ARM 661744 | 10/1/2032 | 2.308 | 379 | 381 | 401 | |||||||||
FANNIE MAE ARM 664521 | 10/1/2032 | 2.330 | 184 | 185 | 188 | |||||||||
FANNIE MAE ARM 664750 | 10/1/2032 | 2.424 | 337 | 338 | 354 | |||||||||
FANNIE MAE ARM 670731 | 11/1/2032 | 1.915 | 462 | 462 | 482 | |||||||||
FANNIE MAE ARM 670779 | 11/1/2032 | 1.915 | 765 | 771 | 801 | |||||||||
FANNIE MAE ARM 670890 | 12/1/2032 | 1.922 | 651 | 653 | 688 | |||||||||
FANNIE MAE ARM 670912 | 12/1/2032 | 1.915 | 541 | 542 | 572 | |||||||||
FANNIE MAE ARM 670947 | 12/1/2032 | 1.921 | 413 | 415 | 435 | |||||||||
FREDDIE MAC CMO 2586 GB | 1/15/2023 | 5.500 | 108 | 108 | 109 | |||||||||
FANNIE MAE 06-36 06-36 GF | 5/25/2036 | 0.722 | 9,549 | 9,594 | 9,551 | |||||||||
FREDDIE MAC 2901 MA | 10/15/2033 | 4.500 | 33 | 33 | 33 | |||||||||
FREDDIE MAC 2934 2934 CI | 1/15/2034 | 5.000 | 1,269 | 1,279 | 1,283 | |||||||||
FANNIE MAE 07-46 07-46 FB | 5/25/2037 | 0.792 | 4,519 | 4,530 | 4,534 | |||||||||
FREDDIE MAC 3370 3370 TF | 10/15/2037 | 0.661 | 2,739 | 2,741 | 2,745 | |||||||||
FREDDIE MAC STRUCTURED PASS THROUGH T-76 2A | 10/25/2037 | 3.101 | 11,637 | 11,868 | 11,693 | |||||||||
FANNIE MAE 09-107 09-107 FL | 2/25/2038 | 1.072 | 8,058 | 8,100 | 8,115 | |||||||||
FANNIE MAE 10-39 10-39 JT | 5/25/2038 | 5.000 | 4,210 | 4,239 | 4,235 | |||||||||
FANNIE MAE ARM 694852 | 4/1/2033 | 2.164 | 492 | 498 | 520 | |||||||||
FANNIE MAE 703446 | 5/1/2018 | 4.500 | 1,746 | 1,762 | 1,804 | |||||||||
FANNIE MAE 704592 | 5/1/2018 | 5.000 | 527 | 531 | 547 | |||||||||
FANNIE MAE 708635 | 6/1/2018 | 5.000 | 373 | 376 | 386 | |||||||||
FANNIE MAE ARM 722779 | 9/1/2033 | 1.917 | 1,161 | 1,163 | 1,210 | |||||||||
FANNIE MAE 725558 | 6/1/2034 | 2.411 | 615 | 611 | 653 | |||||||||
FANNIE MAE | 7/1/2033 | 1.867 | 936 | 932 | 962 | |||||||||
FANNIE MAE | 7/1/2034 | 1.893 | 312 | 307 | 323 | |||||||||
FANNIE MAE ARM 733525 | 8/1/2033 | 2.205 | 682 | 656 | 711 | |||||||||
FANNIE MAE 735034 | 10/1/2034 | 2.339 | 7,774 | 8,201 | 8,200 | |||||||||
FANNIE MAE 735702 | 7/1/2035 | 2.395 | 6,153 | 6,332 | 6,545 | |||||||||
FANNIE MAE ARM 739194 | 9/1/2033 | 2.412 | 616 | 617 | 646 | |||||||||
FANNIE MAE ARM 743256 | 10/1/2033 | 2.459 | 347 | 344 | 364 | |||||||||
F-64
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2015
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
FANNIE MAE ARM 743856 | 11/1/2033 | 2.422 | 276 | 277 | 291 | |||||||||
FANNIE MAE ARM 758873 | 12/1/2033 | 2.457 | 527 | 522 | 552 | |||||||||
FANNIE MAE 794787 | 10/1/2034 | 2.204 | 389 | 394 | 410 | |||||||||
FANNIE MAE 799733 | 11/1/2034 | 2.470 | 377 | 384 | 400 | |||||||||
FANNIE MAE 801917 | 10/1/2034 | 2.695 | 843 | 846 | 895 | |||||||||
FANNIE MAE 801337 | 9/1/2034 | 2.084 | 4,622 | 4,876 | 4,845 | |||||||||
FANNIE MAE 804561 | 9/1/2034 | 2.408 | 1,064 | 1,066 | 1,127 | |||||||||
FANNIE MAE 807219 | 1/1/2035 | 2.608 | 3,205 | 3,232 | 3,382 | |||||||||
FANNIE MAE 809532 | 2/1/2035 | 2.278 | 491 | 494 | 521 | |||||||||
FANNIE MAE | 8/1/2035 | 2.696 | 1,050 | 1,055 | 1,112 | |||||||||
FANNIE MAE 889335 | 6/1/2018 | 4.500 | 1,526 | 1,543 | 1,577 | |||||||||
FANNIE MAE 889485 | 6/1/2036 | 2.486 | 6,246 | 6,347 | 6,599 | |||||||||
FANNIE MAE 922674 | 4/1/2036 | 2.620 | 3,129 | 3,205 | 3,302 | |||||||||
FANNIE MAE 968438 | 1/1/2038 | 2.523 | 8,780 | 9,200 | 9,239 | |||||||||
FANNIE MAE 995548 | 9/1/2035 | 2.402 | 4,131 | 4,223 | 4,364 | |||||||||
FANNIE MAE 995123 | 8/1/2037 | 2.625 | 3,197 | 3,301 | 3,403 | |||||||||
FANNIE MAE 995604 | 11/1/2035 | 2.550 | 11,835 | 12,492 | 12,504 | |||||||||
FANNIE MAE 995614 | 8/1/2037 | 1.550 | 3,483 | 3,645 | 3,585 | |||||||||
FANNIE MAE AB1980 | 12/1/2020 | 3.000 | 5,701 | 5,788 | 5,878 | |||||||||
FANNIE MAE AB5230 | 5/1/2027 | 2.500 | 14,628 | 14,932 | 14,864 | |||||||||
FANNIE MAE MA0099 | 6/1/2019 | 4.000 | 1,849 | 1,862 | 1,927 | |||||||||
FANNIE MAE MA0598 | 12/1/2020 | 3.500 | 5,055 | 5,187 | 5,296 | |||||||||
FANNIE MAE MA1144 | 8/1/2027 | 2.500 | 13,691 | 14,160 | 13,877 | |||||||||
FANNIE MAE AD0901 | 4/1/2040 | 2.428 | 9,354 | 9,950 | 9,935 | |||||||||
FANNIE MAE AE0559 | 12/1/2034 | 2.368 | 6,695 | 7,059 | 7,004 | |||||||||
FANNIE MAE AE0566 | 8/1/2035 | 2.480 | 6,719 | 7,078 | 7,116 | |||||||||
GINNIE MAE II ARM 8157 | 3/20/2023 | 1.750 | 84 | 85 | 87 | |||||||||
GINNIE MAE II ARM 8206 | 3/20/2017 | 2.000 | 8 | 8 | 9 | |||||||||
GINNIE MAE II ARM 8240 | 7/20/2017 | 1.875 | 6 | 6 | 7 | |||||||||
GINNIE MAE II ARM 8251 | 8/20/2017 | 2.000 | 1 | 1 | 1 | |||||||||
GINNIE MAE II ARM 8274 | 10/20/2017 | 2.500 | 28 | 28 | 28 | |||||||||
GINNIE MAE II ARM 8283 | 11/20/2017 | 2.500 | 2 | 1 | 2 | |||||||||
GINNIE MAE II ARM 8293 | 12/20/2017 | 2.500 | 5 | 5 | 5 | |||||||||
GINNIE MAE II ARM 8353 | 5/20/2018 | 2.500 | 16 | 16 | 16 | |||||||||
GINNIE MAE II ARM 8341 | 4/20/2018 | 2.500 | 2 | 2 | 2 | |||||||||
GINNIE MAE II ARM 8365 | 6/20/2018 | 2.500 | 16 | 16 | 16 | |||||||||
GINNIE MAE II ARM 8377 | 7/20/2018 | 2.500 | 8 | 8 | 8 | |||||||||
GINNIE MAE II ARM 8428 | 11/20/2018 | 3.500 | 3 | 3 | 4 | |||||||||
GINNIE MAE II ARM 8440 | 12/20/2018 | 3.500 | 12 | 12 | 13 | |||||||||
GINNIE MAE II ARM 8638 | 6/20/2025 | 1.750 | 118 | 119 | 122 | |||||||||
GINNIE MAE II | 7/20/2040 | 1.875 | 10,690 | 11,080 | 11,033 | |||||||||
GINNIE MAE II 082581 | 7/20/2040 | 3.000 | 12,536 | 13,460 | 13,002 | |||||||||
GINNIE MAE II 082602 | 8/20/2040 | 3.000 | 20,020 | 21,518 | 21,067 | |||||||||
GINNIE MAE II | 12/20/2039 | 1.625 | 11,572 | 12,046 | 12,044 | |||||||||
F-65
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2015
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
GINNIE MAE II 082464 | 1/20/2040 | 3.000 | 3,956 | 4,256 | 4,127 | |||||||||
GINNIE MAE II 082497 | 3/20/2040 | 2.500 | 7,123 | 7,575 | 7,359 | |||||||||
GINNIE MAE II | 1/20/2041 | 1.750 | 10,968 | 11,417 | 11,244 | |||||||||
GINNIE MAE II 082794 | 4/20/2041 | 3.500 | 14,633 | 15,629 | 15,216 | |||||||||
GINNIE MAE A 11-72 M | 6/20/2038 | 4.000 | 2,230 | 2,353 | 2,254 | |||||||||
GINNIE MAE ARM | 11/20/2041 | 0.694 | 10,543 | 10,566 | 10,594 | |||||||||
GINNIE MAE ARM | 10/20/2041 | 0.544 | 15,276 | 15,260 | 15,354 | |||||||||
GINNIE MAE ARM | 2/20/2040 | 0.574 | 21,942 | 21,980 | 21,631 | |||||||||
GINNIE MAE_15-82 | 4/20/2041 | 0.544 | 18,400 | 18,400 | 18,444 | |||||||||
TOTAL AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES | 1,056,980 | 1,055,094 | ||||||||||||
NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES | ||||||||||||||
APS RESECURITIZATION TRUST 15-1 | 8/28/2054 | 0.363 | 18,205 | 17,411 | 17,295 | |||||||||
ADJUSTABLE RATE MORTAGE TRUST ARMT_04-2 | 2/25/2035 | 2.654 | 973 | 987 | 953 | |||||||||
AMERICAN HOME MORTGAGE INVESTMENT TRUST AHM_04-4 | 2/25/2045 | 2.654 | 8,219 | 8,341 | 8,032 | |||||||||
BCAP LLC TRUST BCAP_13-RR1 | 11/26/2035 | 2.555 | 5,469 | 5,512 | 5,494 | |||||||||
BCAP LLC TRUST BCAP_09-RR1 | 11/26/2034 | 2.739 | 1,158 | 1,130 | 1,161 | |||||||||
BCAP LLC TRUST BCAP_09-RR1 | 5/26/2035 | 2.738 | 5,029 | 4,902 | 5,060 | |||||||||
BCAP LLC TRUST BCAP_09-RR1 | 5/26/2035 | 2.738 | 3,208 | 3,121 | 3,229 | |||||||||
BCAP LLC TRUST BCAP_09-RR8 | 3/26/2037 | 5.500 | 243 | 242 | 244 | |||||||||
BCAP LLC TRUST BCAP_11-RR11 | 10/26/2035 | 2.737 | 2,866 | 2,855 | 2,839 | |||||||||
BCAP LLC TRUST BCAP_11-RR10 | 6/26/2035 | 2.738 | 8,171 | 8,168 | 8,223 | |||||||||
BCAP LLC TRUST BCAP_12-RR3 | 7/26/2037 | 1.871 | 2,363 | 2,363 | 2,349 | |||||||||
BCAP LLC TRUST BCAP_12-RR3 | 7/26/2035 | 2.729 | 4,858 | 4,901 | 4,850 | |||||||||
BCAP LLC TRUST BCAP_12-RR3 | 1/26/2036 | 2.869 | 3,139 | 3,180 | 3,131 | |||||||||
BCAP LLC TRUST BCAP_12-RR5 | 10/26/2036 | 2.738 | 5,189 | 5,197 | 5,200 | |||||||||
BCAP LLC TRUST BCAP_12-RR6 | 5/26/2036 | 2.402 | 4,569 | 4,557 | 4,552 | |||||||||
BCAP LLC TRUST BCAP_12-RR10 | 3/26/2036 | 2.763 | 20,149 | 20,400 | 20,206 | |||||||||
BCAP LLC TRUST BCAP_12-RR10 | 3/26/2036 | 3.000 | 29 | 29 | 29 | |||||||||
BCAP LLC TRUST BCAP_12-RR10 | 10/26/2035 | 2.842 | 4,761 | 4,792 | 4,800 | |||||||||
BCAP LLC TRUST BCAP_12-RR11 | 7/26/2036 | 2.737 | 11,243 | 11,417 | 11,249 | |||||||||
BCAP LLC TRUST BCAP_12-RR11 | 7/26/2037 | 3.000 | 1,874 | 1,877 | 1,875 | |||||||||
BCAP LLC TRUST BCAP_12-RR12 | 6/26/2035 | 3.000 | 4,695 | 4,730 | 4,677 | |||||||||
BCAP LLC TRUST BCAP_13-RR7 | 6/26/2037 | 2.231 | 6,605 | 6,641 | 6,564 | |||||||||
BCAP LLC TRUST BCAP_13-RR7 | 12/27/2034 | 3.124 | 13,922 | 14,133 | 14,260 | |||||||||
BCAP LLC TRUST BCAP_13-RR8 | 5/26/2036 | 2.843 | 6,756 | 6,797 | 6,700 | |||||||||
BCAP LLC TRUST BCAP_13-RR9 | 1/26/2036 | 2.869 | 11,502 | 11,568 | 11,515 | |||||||||
BCAP LLC TRUST BCAP_14-RR2 | 9/26/2046 | 1.203 | 10,784 | 10,523 | 10,408 | |||||||||
BANK OF AMERICA FUNDING CORPORATION BAFC_05-G | 10/20/2035 | 2.872 | 2,136 | 2,008 | 1,999 | |||||||||
BANC OF AMERICA FUNDING CORP BAFC_05-F | 9/20/2035 | 2.858 | 2,474 | 2,188 | 2,052 | c | ||||||||
BANC OF AMERICA ALTERNATIVE LOAN TRUST BOAA_03-1 | 2/25/2033 | 5.000 | 449 | 449 | 456 | |||||||||
BANC OF AMERICA MORTGAGE SECURITIES BOAMS_04-B | 3/25/2034 | 2.667 | 4,690 | 4,677 | 4,087 | |||||||||
BANC OF AMERICA MORTGAGE SECURITIES BOAMS_04-5 | 6/25/2019 | 5.000 | 297 | 300 | 299 | |||||||||
BANK OF AMERICA MORTGAGE SECURITIES BOAMS_03-I | 10/25/2033 | 2.993 | 2,545 | 2,536 | 2,570 | |||||||||
F-66
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2015
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
BANK OF AMERICA MORTGAGE SECURITIES BOAMS_04-E | 6/25/2034 | 2.864 | 4,484 | 4,463 | 4,419 | |||||||||
BANC OF AMERICA MORTGAGE SECURITIES BOAMS_06-B | 11/20/2046 | 3.088 | 1,548 | 1,392 | 1,253 | c | ||||||||
BANC OF AMERICA FUNDING CORPORATION BAFC_12-R5 | 10/3/2039 | 0.503 | 2,084 | 2,083 | 2,072 | |||||||||
BANC OF AMERICA FUNDING CORPORATION BAFC_15-R4 | 11/27/2045 | 2.404 | 17,963 | 17,888 | 17,804 | |||||||||
BEAR STEARNS ALT-A TRUST BALTA_05-2 | 4/25/2035 | 2.733 | 2,268 | 2,263 | 2,032 | |||||||||
BEAR STEARNS FUNDING TRUST BSMF_06-AR5 | 12/25/2046 | 0.632 | 1,341 | 849 | 704 | c | ||||||||
BELLA VISTA MORTGAGE TRUST BVMBS_05-1 | 2/22/2035 | 2.609 | 3,264 | 3,255 | 3,193 | |||||||||
CREDIT SUISSE MORTGAGE CAPITAL CERTIFICATES CSMC_10-17R | 6/26/2036 | 2.453 | 4,989 | 4,989 | 5,017 | |||||||||
CREDIT SUISSE COMMERCIAL MORTGAGE TRUST CSMC_13-2R | 5/27/2036 | 2.000 | 4,650 | 4,670 | 4,616 | |||||||||
CREDIT SUISSE COMMERCIAL MORTGAGE TRUST CSMC_13-2R | 9/27/2036 | 2.923 | 8,385 | 8,544 | 8,590 | |||||||||
CREDIT SUISSE MORTGAGE CAPITAL CSMC_12-11R | 6/29/2047 | 1.244 | 2,758 | 2,758 | 2,747 | |||||||||
CREDIT SUISSE COMMERCIAL MORTGAGE TRUST CSMC_13-8R | 5/27/2037 | 0.461 | 6,900 | 6,822 | 6,828 | |||||||||
CREDIT SUISSE COMMERCIAL MORTGAGE TRUST CSMC_13-11R | 6/27/2034 | 2.750 | 10,022 | 10,024 | 9,985 | |||||||||
CREDIT SUISSE COMMERCIAL MORTGAGE TRUST CSMC_13-11R | 5/27/2034 | 2.750 | 18,266 | 18,290 | 17,990 | |||||||||
CREDIT SUISSE MORTGAGE CAPITAL CSMC_13-12R | 8/27/2033 | 2.750 | 29,155 | 28,824 | 28,439 | |||||||||
CREDIT SUISSE MORTGAGE CAPITAL CSMC_14-5R | 7/27/2037 | 2.500 | 11,051 | 11,051 | 10,913 | |||||||||
CREDIT SUISSE MORTGAGE CAPITAL CSMC_14-11R | 1/27/2036 | 2.597 | 26,759 | 27,044 | 26,910 | |||||||||
CREDIT SUISSE MORTGAGE CAPITAL CSMC_14-12R | 6/27/2037 | 0.341 | 5,690 | 5,655 | 5,452 | |||||||||
CREDIT SUISSE MORTGAGE CAPITAL CSMC_15-1R | 12/27/2035 | 2.974 | 17,174 | 17,507 | 17,362 | |||||||||
CREDIT SUISSE MORTGAGE TRUST CSMC_15-6R | 7/27/2035 | 2.685 | 20,158 | 20,456 | 19,896 | |||||||||
COUNTRYWIDE HOME EQUITY LOAN TRUST CWHEL_04-K | 2/15/2034 | 0.631 | 226 | 155 | 204 | c | ||||||||
COUNTRYWIDE ALTERNATIVE LOAN TRUST CWALT_04-33 | 12/25/2034 | 2.820 | 551 | 558 | 523 | |||||||||
COUNTRYWIDE ALTERNATIVE LOAN TRUST CWALT_05-27 | 8/25/2035 | 1.687 | 2,969 | 2,531 | 2,399 | c | ||||||||
COUNTRYWIDE ALTERNATIVE LOAN TRUST CWALT_05-24 | 7/20/2035 | 1.595 | 2,461 | 1,926 | 1,988 | c | ||||||||
COUNTRYWIDE HOME LOANS CWHL_05-HYB7 | 11/20/2035 | 2.615 | 5,811 | 4,899 | 5,129 | c | ||||||||
COUNTRYWIDE HOME LOANS CWHL_03-46 | 1/19/2034 | 2.696 | 6,990 | 7,157 | 6,924 | |||||||||
CENTEX HOME EQUITY CXHE_03-A | 12/25/2031 | 4.250 | 1,534 | 1,518 | 1,525 | |||||||||
CHASE MORTGAGE FINANCE CORPORATION CHASE_07-A1 | 2/25/2037 | 2.702 | 7,633 | 7,565 | 7,506 | |||||||||
CHASEFLEX TRUST CFLX_07-M1 | 8/25/2037 | 0.572 | 8,595 | 8,728 | 6,287 | c | ||||||||
CITIGROUP MORTGAGE LOAN TRUST CMLTI_05-3 | 8/25/2035 | 2.706 | 1,908 | 1,801 | 1,748 | c | ||||||||
CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_09-6 | 4/25/2037 | 0.291 | 559 | 556 | 549 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_10-7 | 2/25/2035 | 2.468 | 1,273 | 1,273 | 1,284 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_10-8 | 11/25/2036 | 4.000 | 3,979 | 3,987 | 4,011 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_10-9 | 11/25/2035 | 2.740 | 1,002 | 1,011 | 1,002 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_11-2 | 9/25/2037 | 2.383 | 558 | 554 | 558 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_12-6 | 4/25/2037 | 2.855 | 6,349 | 6,349 | 6,376 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_12-6 | 8/25/2036 | 2.420 | 3,910 | 3,918 | 3,904 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_12-4 | 11/25/2035 | 2.734 | 2,652 | 2,652 | 2,634 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_12-4 | 3/25/2036 | 2.650 | 11,295 | 11,426 | 11,351 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_12-7 | 9/25/2036 | 3.058 | 6,758 | 6,768 | 6,726 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_12-7 | 9/25/2035 | 2.743 | 2,150 | 2,154 | 2,149 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_13-7 | 8/25/2036 | 2.420 | 8,095 | 8,121 | 7,889 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_13-9 | 9/25/2034 | 2.438 | 15,116 | 15,192 | 15,046 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_13-11 | 8/25/2027 | 2.000 | 1,431 | 1,431 | 1,370 | |||||||||
F-67
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2015
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_13-11 | 9/25/2034 | 2.615 | 7,941 | 8,053 | 7,959 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_13-12 | 3/25/2035 | 2.480 | 13,032 | 13,150 | 13,048 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST CMLTI_14-2 | 2/20/2036 | 2.592 | 19,276 | 19,439 | 19,253 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST CMLTI_14-2 | 4/25/2036 | 3.250 | 19,578 | 19,688 | 19,089 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST CMLTI_14-5 | 2/20/2036 | 2.564 | 24,346 | 24,655 | 24,253 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_14-6 | 11/25/2035 | 1.543 | 21,076 | 20,769 | 20,655 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST CMLTI_14-11 | 10/25/2035 | 2.708 | 19,612 | 20,034 | 19,837 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST CMLTI_14-11 | 11/25/2036 | 3.250 | 9,776 | 9,953 | 9,874 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_15-5 | 8/25/2034 | 2.724 | 13,709 | 13,948 | 13,803 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_15-5 | 4/20/2035 | 2.641 | 29,846 | 30,143 | 29,608 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_15-5 | 1/25/2036 | 0.471 | 15,396 | 14,647 | 14,357 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_15-11 | 3/25/2035 | 2.562 | 29,039 | 29,292 | 29,077 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_15-9 | 2/20/2036 | 2.725 | 18,209 | 18,340 | 18,300 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_15-9 | 2/25/2036 | 2.654 | 20,235 | 20,381 | 20,357 | |||||||||
CITIGROUP MORTGAGE LOAN TRUST INC CMLTI_15-RP2 15-PS1 | 9/25/2042 | 3.750 | 27,858 | 28,306 | 28,170 | |||||||||
CS FIRST BOSTON MORTGAGE SECURITIES CORP. 04-AR3 | 4/25/2034 | 2.562 | 4,813 | 4,880 | 4,874 | |||||||||
CREDIT SUISSE MORTGAGE CAPITAL CSMC_09-2R | 9/26/2034 | 2.743 | 28,874 | 29,036 | 28,376 | |||||||||
CREDIT SUISSE MORTGAGE CAPITAL CSMC_09-2R | 9/26/2034 | 2.743 | 28,874 | 28,911 | 27,783 | |||||||||
CREDIT SUISSE MORTGAGE CAPITAL CSMC_11-17R | 12/27/2037 | 3.400 | 2,058 | 2,056 | 2,063 | |||||||||
DEUTSCHE ALT-A SECURITIES INC MORTGAGE LOAN DBALT_06-AR6 | 2/25/2037 | 0.592 | 8,514 | 4,664 | 7,204 | c | ||||||||
DEUTSCHE ALT-A SECURITIES INC MORTGAGE LOAN DBALT_07-AR1 | 1/25/2047 | 0.582 | 7,412 | 7,299 | 5,984 | c | ||||||||
DEUTSCHE ALT-A SECURITIES INC MORTGAGE LOAN DBALT_07-OA1 | 2/25/2047 | 0.572 | 3,623 | 3,128 | 2,535 | c | ||||||||
EQUITY ONE ABS INC EQABS_04-3 | 7/25/2034 | 4.920 | 2,863 | 2,867 | 2,917 | |||||||||
FIELDSTONE MORTGAGE INVESTMENT CORP FMIC_04-3 | 8/25/2034 | 2.267 | 511 | 502 | 511 | |||||||||
FIRST HORIZON ALTERNATIVE MORTGAGE SECURITIES 04-AA4 | 10/25/2034 | 2.360 | 1,341 | 1,361 | 1,328 | |||||||||
FIRST HORIZON ALTERNATIVE MORTGAGE SECURITIES 04-AA7 | 2/25/2035 | 2.211 | 987 | 997 | 875 | |||||||||
FIRST HORIZON ALTERNATIVE MORTGAGE SECURITIES 05-AA2 | 3/25/2035 | 2.318 | 1,858 | 1,888 | 1,632 | |||||||||
FIRST HORIZON ALTERNATIVE MORTGAGE SECURITIES 05-AA3 | 5/25/2035 | 2.381 | 4,045 | 4,080 | 3,835 | |||||||||
GMAC MORTGAGE CORPORATION LOAN TRUST GMACM_04-AR2 | 8/19/2034 | 3.172 | 1,025 | 1,027 | 991 | |||||||||
GMAC MORTGAGE CORPORATION LOAN TRUST GMACM_04-AR2 | 8/19/2034 | 3.251 | 1,360 | 1,363 | 1,343 | |||||||||
GSR MORTGAGE LOAN TRUST 05-AR5 | 10/25/2035 | 2.755 | 4,553 | 4,246 | 4,020 | c | ||||||||
GSR MORTGAGE LOAN TRUST 05-AR7 | 11/25/2035 | 2.734 | 2,056 | 1,941 | 1,966 | |||||||||
GSR MORTGAGE LOAN TRUST 05-AR3 | 5/25/2035 | 2.678 | 2,757 | 2,768 | 2,518 | |||||||||
GSR MORTGAGE LOAN TRUST 05-AR1 | 1/25/2035 | 2.926 | 3,428 | 3,443 | 3,392 | |||||||||
GS MORTGAGE SECURITIES CORPORATION GSMSC_14-4R | 8/26/2035 | 3.254 | 15,423 | 15,784 | 15,546 | |||||||||
GS MORTGAGE SECURITIES CORPORATION GSMSC_09-1R | 11/25/2035 | 2.736 | 1,242 | 1,189 | 1,246 | |||||||||
GS MORTGAGE SECURITIES CORPORATION GSMSC_09-1R | 11/25/2035 | 2.753 | 1,353 | 1,282 | 1,357 | |||||||||
GREENPOINT MORTGAGE PASS-THROUGH CERTIFICATES 05-AR5 | 11/25/2045 | 2.256 | 5,265 | 4,712 | 3,860 | c | ||||||||
HARBORVIEW MORTGAGE LOAN TRUST HVMLT_04-1 | 4/19/2034 | 2.756 | 419 | 422 | 417 | |||||||||
HARBORVIEW MORTGAGE LOAN TRUST HVMLT_04-4 | 6/19/2034 | 1.369 | 96 | 95 | 91 | |||||||||
HARBORVIEW MORTGAGE LOAN TRUST HVMLT_04-6 | 8/19/2034 | 2.927 | 405 | 402 | 400 | |||||||||
HARBORVIEW MORTGAGE LOAN TRUST HVMLT_04-7 | 11/19/2034 | 2.150 | 1,248 | 1,238 | 1,184 | |||||||||
HARBORVIEW MORTGAGE LOAN TRUST HVMLT_04-10 | 1/19/2035 | 2.699 | 811 | 818 | 795 | |||||||||
HARBORVIEW MORTGAGE LOAN TRUST HVMLT_05-8 | 9/19/2035 | 1.756 | 2,249 | 1,863 | 1,617 | c | ||||||||
F-68
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2015
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
HARBORVIEW MORTGAGE LOAN TRUST HVMLT_05-15 | 10/20/2045 | 2.256 | 6,627 | 5,976 | 5,471 | c | ||||||||
HARBORVIEW MORTGAGE LOAN TRUST HVMLT_06-14 | 1/25/2047 | 0.602 | 3,156 | 1,293 | 898 | c | ||||||||
INDYMAC INDX MORTGAGE LOAN TRUST INDX_05-AR1 | 3/25/2035 | 2.511 | 14 | 14 | 14 | |||||||||
INDYMAC INDX MORTGAGE LOAN TRUST INDX_05-AR5 | 5/25/2035 | 2.591 | 3,535 | 3,219 | 3,008 | c | ||||||||
JP MORGAN REREMIC JPMRR_09-12 | 7/26/2037 | 5.750 | 17 | 17 | 17 | |||||||||
JP MORGAN REREMIC JPMRR_10-5 | 8/26/2036 | 2.420 | 865 | 866 | 865 | |||||||||
JP MORGAN REREMIC JPMRR_11-2 | 3/26/2036 | 3.000 | 2,890 | 2,867 | 2,908 | |||||||||
JEFFERIES & CO JMAC_09-R12 | 2/26/2035 | 2.674 | 4,159 | 4,094 | 4,192 | |||||||||
JEFFERIES & CO JMAC_09-R12 | 1/26/2035 | 2.786 | 1,827 | 1,798 | 1,858 | |||||||||
JEFFERIES & CO JMAC_09-R2 | 12/26/2037 | 2.739 | 7,103 | 7,140 | 7,029 | |||||||||
JEFFRIES & CO JMAC_09-R3 | 12/26/2035 | 2.598 | 2,694 | 2,563 | 2,695 | |||||||||
LUMINENT MORTGAGE TRUST LUM_06-6 | 10/25/2046 | 0.662 | 1,495 | 376 | 859 | c | ||||||||
LUMINENT MORTGAGE TRUST LUM_07-1 | 1/25/2037 | 0.612 | 21 | 21 | 4 | c | ||||||||
MASTER ADJUSTABLE RATE MORTGAGES TRUST MARM_05-1 | 2/25/2035 | 2.688 | 1,612 | 1,631 | 1,476 | |||||||||
MERRILL LYNCH MORTGAGE INVESTORS TRUST MLMI_03-A5 | 8/25/2033 | 2.444 | 1,632 | 1,630 | 1,644 | |||||||||
MERRILL LYNCH MORTGAGE INVESTORS TRUST MLCC_04-1 | 12/25/2034 | 2.239 | 618 | 619 | 615 | |||||||||
MERRILL LYNCH MORTGAGE INVESTORS INC MLMI_05-A1 | 12/25/2034 | 2.723 | 1,066 | 1,068 | 1,060 | |||||||||
MERRILL LYNCH MORTGAGE INVESTORS INC MLMI_05-A2 | 2/25/2035 | 2.496 | 2,423 | 2,424 | 2,392 | |||||||||
MILL CITY MORTGAGE LOAN TRUST MCMLT_15-2 | 9/25/2057 | 3.000 | 15,000 | 15,072 | 15,066 | |||||||||
MILL CITY MORTGAGE LOAN TRUST MCMLT_15-1 | 6/25/2056 | 2.230 | 30,762 | 30,686 | 30,648 | |||||||||
MORGAN STANLEY REREMIC TRUST MSRR_15-R3 | 4/26/2047 | 2.358 | 13,548 | 13,741 | 13,584 | |||||||||
MORGAN STANLEY REREMIC TRUST MSRR_15-R4 | 8/26/2047 | 2.577 | 20,985 | 21,106 | 21,090 | |||||||||
MORGAN STANLEY MORTGAGE LOAN TRUST 04-10AR | 11/25/2034 | 3.087 | 579 | 586 | 567 | |||||||||
MORGAN STANLEY MORTGAGE LOAN TRUST 04-10AR | 11/25/2034 | 2.561 | 1,353 | 1,376 | 1,346 | |||||||||
MORGAN STANLEY REREMIC TRUST MSRR_10-R2 | 9/26/2035 | 2.782 | 3,866 | 3,986 | 3,868 | |||||||||
MORGAN STANLEY REREMIC TRUST MSRR_10-R6 | 9/26/2036 | 0.772 | 2,763 | 2,730 | 2,589 | |||||||||
MORGAN STANLEY REREMIC TRUST MSRR_13-R1 | 11/26/2036 | 2.176 | 6,507 | 6,580 | 6,509 | |||||||||
MORGAN STANLEY REREMIC TRUST MSRR_13-R3 | 2/26/2036 | 2.881 | 19,490 | 19,633 | 19,532 | |||||||||
MORGAN STANLEY REREMIC TRUST MSRR_13-R3 | 12/26/2036 | 2.185 | 7,489 | 7,529 | 7,448 | |||||||||
MORGAN STANLEY REREMIC TRUST MSRR_13-R3 | 11/26/2036 | 2.176 | 4,875 | 4,856 | 4,796 | |||||||||
MORGAN STANLEY REREMIC TRUST MSRR_13-R3 | 2/26/2036 | 2.723 | 16,787 | 16,880 | 16,758 | |||||||||
MORGAN STANLEY REREMIC TRUST MSRR_13-R8 | 9/26/2036 | 2.856 | 28,002 | 28,559 | 28,043 | |||||||||
MORGAN STANLEY REREMIC TRUST MSRR_13-R8 | 9/26/2036 | 2.848 | 10,108 | 10,220 | 10,040 | |||||||||
MORGAN STANLEY REREMIC TRUST MSRR_13-R8 | 9/26/2036 | 2.900 | 4,229 | 4,280 | 4,196 | |||||||||
MORGAN STANLEY REREMIC TRUST MSRR_13-R8 | 9/26/2036 | 2.574 | 5,917 | 5,945 | 5,848 | |||||||||
MORGAN STANLEY REREMIC TRUST MSRR_13-R8 | 9/26/2036 | 2.737 | 10,586 | 10,735 | 10,483 | |||||||||
MORGAN STANLEY REREMIC TRUST MSRR_13-R8 | 9/26/2036 | 2.745 | 9,728 | 9,860 | 9,593 | |||||||||
MORGAN STANLEY REREMIC TRUST MSRR_13-R9 | 6/26/2046 | 2.736 | 9,314 | 9,430 | 9,307 | |||||||||
MORGAN STANLEY REREMIC TRUST MSRR_14-R4 | 8/26/2034 | 2.680 | 29,006 | 29,514 | 29,031 | |||||||||
MORGAN STANLEY REREMIC TRUST MSRR_14-R4 | 8/26/2034 | 2.619 | 24,468 | 24,864 | 24,782 | |||||||||
MORGAN STANLEY REREMIC TRUST MSRR_14-R6 | 9/26/2035 | 2.781 | 23,653 | 24,067 | 24,599 | |||||||||
MORGAN STANLEY REREMIC TRUST MSRR_15-R1 | 11/20/2036 | 2.526 | 13,422 | 13,451 | 13,489 | |||||||||
MORGAN STANLEY REREMIC TRUST MSRR_15-R7 | 6/26/2035 | 2.616 | 12,176 | 12,249 | 12,179 | |||||||||
NATIONSTAR MORTGAGE LOAN TRUST NSMLT_13-A | 12/25/2052 | 3.750 | 4,311 | 4,405 | 4,378 | |||||||||
F-69
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2015
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
NEW RESIDENTIAL MORTGAGE LOAN TRUST NRZT_14-3A | 11/25/2054 | 3.750 | 8,913 | 9,138 | 9,090 | |||||||||
NMRR_14-6R | 4/26/2037 | 2.544 | 5,877 | 5,963 | 5,954 | |||||||||
NMRR_14-7R | 1/26/2036 | 2.869 | 10,250 | 10,424 | 10,450 | |||||||||
NOMURA RESECURITIZATION TRUST NMRR_15-4R | 3/26/2037 | 2.467 | 15,748 | 15,781 | 15,687 | |||||||||
RBSSP RESECURITIZATION TRUST 09-8 | 4/26/2036 | 2.714 | 7,410 | 7,492 | 7,488 | |||||||||
RBSSP RESECURITIZATION TRUST 09-6 | 1/26/2036 | 2.377 | 12,063 | 12,144 | 12,116 | |||||||||
RBSSP RESECURITIZATION TRUST 10-12 | 12/27/2035 | 4.000 | 3,332 | 3,385 | 3,355 | |||||||||
RBSSP RESECURITIZATION TRUST 12-5 | 2/26/2047 | 0.381 | 271 | 270 | 271 | |||||||||
RBSSP RESECURITIZATION TRUST 12-6 | 4/26/2035 | 0.922 | 6,825 | 6,602 | 6,509 | |||||||||
RESIDENTIAL ACCREDIT LOANS INC RALI_07-QO1 | 2/25/2047 | 0.612 | 1,810 | 277 | 446 | c | ||||||||
RENAISSANCE HOME EQUITY LOAN TRUST RAMC_05-3 | 11/25/2035 | 4.814 | 2,015 | 2,010 | 2,025 | |||||||||
RESIDENTIAL ACCREDIT LOANS INC RALI_05-QA2 | 2/25/2035 | 3.151 | 3,480 | 3,041 | 2,854 | c | ||||||||
RESIDENTIAL ACCREDIT LOANS INC RALI_04-QS5 | 4/25/2034 | 4.750 | 284 | 283 | 286 | |||||||||
RESIDENTIAL ASSET SECURITIES CORP RASC_04-KS9 | 10/25/2034 | 4.620 | 1,722 | 1,261 | 1,615 | c | ||||||||
RESIDENTIAL ASSET SECURITIES C RASC_03-K10 | 12/25/2033 | 4.540 | 630 | 636 | 647 | |||||||||
RESIDENTIAL FUNDING MORTGAGE SECURITIES I RFMSI_05-SA2 | 6/25/2035 | 2.998 | 3,151 | 3,158 | 3,006 | |||||||||
SASC_03-24A | 7/25/2033 | 2.457 | 425 | 431 | 416 | |||||||||
TOWD POINT MORTGAGE TRUST TPMT_15-5 | 5/25/2055 | 3.500 | 15,799 | 16,133 | 16,004 | |||||||||
TOWD POINT MORTGAGE TRUST TPMT_15-3 | 3/25/2054 | 3.500 | 17,940 | 18,263 | 18,137 | |||||||||
TOWD POINT MORTGAGE TRUST TPMT_15-3 | 3/25/2054 | 3.000 | 8,970 | 9,033 | 8,951 | |||||||||
TOWD POINT MORTGAGE TRUST TPMT_15-6 | 4/25/2055 | 3.500 | 19,787 | 20,034 | 19,912 | |||||||||
WAMU MORTGAGE PASS-THROUGH CERTIFICATES 03-AR6 | 6/25/2033 | 2.552 | 1,850 | 1,845 | 1,855 | |||||||||
WAMU MORTGAGE PASS-THROUGH CERTIFICATES 05-AR4 | 4/25/2035 | 2.446 | 8,233 | 8,204 | 8,129 | |||||||||
WAMU MORTGAGE PASS-THROUGH CERTIFICATES 05-AR10 | 9/25/2035 | 2.495 | 9,515 | 9,508 | 9,118 | |||||||||
WAMU MORTGAGE PASS-THROUGH CERTIFICATES 04-AR10 | 7/25/2044 | 0.878 | 1,011 | 1,014 | 934 | |||||||||
WAMU MORTGAGE PASS-THROUGH CERTIFICATES 05-AR3 | 3/25/2035 | 2.443 | 2,736 | 2,746 | 2,709 | |||||||||
WELLS FARGO MORTGAGE BACKED SECURITIES TRUST _04-O | 8/25/2034 | 2.743 | 423 | 420 | 424 | |||||||||
WELLS FARGO MORTGAGE BACKED SECURITIES TRUST _04-Q | 9/25/2034 | 2.741 | 4,597 | 4,662 | 4,655 | |||||||||
WELLS FARGO MORTGAGE BACKED SECURITIES TRUST _03-M | 12/25/2033 | 2.786 | 1,430 | 1,473 | 1,443 | |||||||||
WELLS FARGO MORTGAGE BACKED SECURITIES TRUST _04-W | 11/25/2034 | 2.754 | 7,868 | 7,888 | 7,924 | |||||||||
WELLS FARGO MORTGAGE BACKED SECURITIES TRUST _04-I | 7/25/2034 | 2.780 | 2,801 | 2,805 | 2,863 | |||||||||
WELLS FARGO MORTGAGE BACKED SECURITIES TRUST _04-CC | 1/25/2035 | 2.823 | 1,004 | 1,006 | 1,009 | |||||||||
WELLS FARGO MORTGAGE BACKED SECURITIES TRUST _05-AR2 | 3/25/2035 | 2.644 | 737 | 739 | 741 | |||||||||
WELLS FARGO MORTGAGE BACKED SECURITIES TRUST _05-AR2 | 3/25/2035 | 2.642 | 1,750 | 1,737 | 1,762 | |||||||||
WELLS FARGO MORTGAGE BACKED SECURITIES TRUST _04-K | 7/25/2034 | 2.740 | 2,856 | 2,952 | 2,875 | |||||||||
WELLS FARGO MORTGAGE BACKED SECURITIES TRUST _04-DD | 1/25/2035 | 2.807 | 2,915 | 2,912 | 2,899 | |||||||||
WELLS FARGO MORTGAGE BACKED SECURITIES TRUST _05-AR10 | 6/25/2035 | 2.738 | 13,643 | 13,952 | 13,901 | |||||||||
WELLS FARGO MORTGAGE BACKED SECURITIES TRUST _05-AR12 | 6/25/2035 | 2.738 | 3,476 | 3,297 | 3,556 | |||||||||
TOTAL NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES | 1,486,924 | 1,468,752 | ||||||||||||
TOTAL RESIDENTIAL MORTGAGE BACKED SECURITIES | 2,543,904 | 2,523,846 | ||||||||||||
ASSET BACKED SECURITIES | ||||||||||||||
ARL FIRST LLC ARLFR_12-1A | 12/15/2042 | 2.081 | 12,980 | 13,099 | 12,958 | |||||||||
ACCESS GROUP INC ACCSS_06-1 | 8/25/2023 | 0.503 | 1,919 | 1,895 | 1,906 | |||||||||
F-70
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2015
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
APIDOS CDO APID_14-17A | 4/17/2026 | 1.789 | 20,000 | 19,983 | 19,875 | |||||||||
ARES CLO LTD ARES_13-1A | 4/15/2025 | 1.421 | 40,000 | 39,929 | 39,319 | |||||||||
ATRIUM CDO CORP ATRM_10A | 7/16/2025 | 1.437 | 25,000 | 24,978 | 24,386 | |||||||||
CLI FUNDING LLC CLIF_14-1A | 6/18/2029 | 3.290 | 12,637 | 12,656 | 12,220 | |||||||||
CARLYLE GLOBAL MARKET STRATEGIES CGMS_13-1A | 2/14/2025 | 1.662 | 20,000 | 20,000 | 19,830 | |||||||||
CENTRE POINT FUNDING LLC CPF_12-2A | 8/20/2021 | 2.610 | 1,010 | 1,009 | 1,003 | |||||||||
COLLEGE LOAN CORPORATION TRUST COLLE_02-2 | 3/1/2042 | 1.816 | 10,000 | 8,584 | 9,525 | |||||||||
CRONOS CONTAINERS PROGRAM LTD CRNN_13-1A | 4/18/2028 | 3.080 | 6,527 | 6,560 | 6,392 | |||||||||
DT AUTO OWNER TRUST DTAOT_15-3A | 3/15/2019 | 1.660 | 5,170 | 5,170 | 5,156 | |||||||||
DIAMOND RESORTS OWNER TRUST DROT_13-2 | 5/20/2026 | 2.270 | 2,822 | 2,822 | 2,827 | |||||||||
DRYDEN SENIOR LOAN FUND DRSLF_14-33 | 7/15/2026 | 1.801 | 30,000 | 30,000 | 29,815 | |||||||||
DRYDEN SENIOR LOAN FUND DRSLF_13-26A | 7/15/2025 | 1.389 | 40,000 | 40,000 | 39,232 | |||||||||
EXETER AUTOMOBILE RECEIVABLES TRUST EART_15-1A | 6/17/2019 | 1.600 | 4,485 | 4,485 | 4,474 | |||||||||
EXETER AUTOMOBILE RECEIVABLES TRUST 2015-3 | 11/15/2019 | 1.540 | 3,791 | 3,790 | 3,772 | |||||||||
GLOBAL SC FINANCE SRL SEACO_14-1A | 7/17/2029 | 3.190 | 8,583 | 8,582 | 8,432 | |||||||||
HERTZ VEHICLE FINANCING LLC HERTZ_15-2A | 9/25/2019 | 2.020 | 4,475 | 4,474 | 4,433 | |||||||||
HILTON GRAND VACATIONS TRUST HGVT_13-A | 1/25/2026 | 2.280 | 4,825 | 4,825 | 4,834 | |||||||||
ING INVESTMENT MANAGEMENT CLO LTD INGIM_13-2A | 4/25/2025 | 1.470 | 30,000 | 30,000 | 29,486 | |||||||||
321 HENDERSON RECEIVABLES LLC HENDR_10-3A | 12/15/2048 | 3.820 | 1,565 | 1,566 | 1,603 | |||||||||
KENTUCKY HIGHER EDUCATION STUDENT LOAN KHESL_13-2 | 9/1/2028 | 1.028 | 10,632 | 10,357 | 10,415 | |||||||||
NEW RESIDENTIAL ADVANCE RECEIVABLES TRUST ADVANCE 15-T3 | 11/15/2046 | 2.540 | 10,000 | 10,000 | 9,984 | |||||||||
NAVITAS EQUIPMENT RECEIVABLES LLC NVTAS_13-1 | 11/15/2016 | 1.950 | 626 | 626 | 625 | |||||||||
NORTHSTAR EDUCATION FINANCE INC NEF_04-2 | 7/30/2018 | 0.493 | 7,385 | 7,355 | 7,301 | |||||||||
OAK HILL CREDIT PARTNERS OAKC_13-8A | 4/20/2025 | 1.437 | 20,000 | 20,000 | 19,600 | |||||||||
OCWEN MASTER ADVANCE RECEIVABLES TRUST OMART_15-T2 | 11/15/2046 | 2.532 | 10,000 | 10,000 | 9,999 | |||||||||
PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY 13-1A | 11/25/2036 | 0.721 | 4,897 | 4,788 | 4,741 | |||||||||
RACE POINT CLO LTD RACEP_13-8A | 2/20/2025 | 1.620 | 14,000 | 13,973 | 13,908 | |||||||||
SLM STUDENT LOAN TRUST SLMA_06-3 | 7/25/2019 | 0.400 | 2,897 | 2,864 | 2,870 | |||||||||
SLM STUDENT LOAN TRUST SLMA_06-4 | 10/27/2025 | 0.420 | 7,603 | 7,592 | 7,544 | |||||||||
SLM PRIVATE CREDIT STUDENT LOAN TRUST 2003-A | 9/15/2020 | 0.952 | 1,682 | 1,574 | 1,675 | |||||||||
SLM PRIVATE CREDIT STUDENT LOAN TRUST SLMA_03-C | 9/15/2020 | 0.902 | 874 | 860 | 856 | |||||||||
SLM PRIVATE CREDIT STUDENT LOAN TRUST SLMA_05-B | 3/15/2023 | 0.692 | 4,049 | 3,866 | 4,024 | |||||||||
SLM STUDENT LOAN TRUST SLMA_11-2 | 11/25/2027 | 1.022 | 2,188 | 2,186 | 2,165 | |||||||||
SLM STUDENT LOAN TRUST SLMA_12-B | 10/15/2030 | 3.480 | 4,811 | 4,840 | 4,886 | |||||||||
SLM STUDENT LOAN TRUST SLMA_12-3 | 12/26/2025 | 1.072 | 11,695 | 11,783 | 11,298 | |||||||||
SPS SERVICER ADVANCE RECEIVABLES TRUST SPART_15-T3 | 7/15/2047 | 2.920 | 10,000 | 9,999 | 9,991 | |||||||||
SVO VOI MORTGAGE CORP SVOVM_12-AA | 9/20/2029 | 2.000 | 1,967 | 1,983 | 1,952 | |||||||||
SCHOLAR FUNDING TRUST SCHOL_12-B | 10/28/2025 | 0.822 | 1,745 | 1,743 | 1,741 | |||||||||
SIERRA RECEIVABLES FUNDING COMPANY SRFC_12-3A | 8/20/2029 | 1.870 | 4,186 | 4,196 | 4,175 | |||||||||
SIERRA RECEIVABLES FUNDING COMPANY SRFC_11-1A | 4/20/2026 | 3.350 | 736 | 736 | 736 | |||||||||
SIERRA RECEIVABLES FUNDING COMPANY SRFC_12-1A | 11/20/2028 | 2.840 | 950 | 950 | 957 | |||||||||
SIERRA RECEIVABLES FUNDING COMPANY SRFC_13-2A | 11/20/2025 | 2.280 | 1,801 | 1,801 | 1,799 | |||||||||
SMALL BUSINESS ADMINISTRATION PARTICIPATION CERTS 02-20J | 10/1/2022 | 4.750 | 588 | 593 | 616 | |||||||||
TAL ADVANTAGE LLC TAL_13-1A | 2/22/2038 | 2.830 | 2,705 | 2,712 | 2,690 | |||||||||
F-71
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2015
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
U-HAUL S FLEET LLC UHAUL_10-BT1A | 10/25/2023 | 4.899 | 5,452 | 5,452 | 5,556 | |||||||||
WELK RESORTS LLC WLKRG_13-AA | 3/15/2029 | 3.100 | 1,459 | 1,458 | 1,460 | |||||||||
TOTAL ASSET BACKED SECURITIES | 428,694 | 425,042 | ||||||||||||
COMMERCIAL MORTGAGE BACKED SECURITIES | ||||||||||||||
AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES | ||||||||||||||
FANNIE MAE | 1/1/2019 | 6.075 | 663 | 664 | 681 | |||||||||
FANNIE MAE 06-M2 A2A | 10/25/2032 | 5.271 | 8,862 | 9,400 | 8,966 | |||||||||
GINNIE MAE A 10-161 AB | 5/16/2035 | 2.110 | 1,470 | 1,476 | 1,476 | |||||||||
GINNIE MAE 13-13 | 4/16/2046 | 1.700 | 7,116 | 6,806 | 6,769 | |||||||||
GINNIE MAE 11-165 A | 10/16/2037 | 2.194 | 15,853 | 15,980 | 15,777 | |||||||||
GINNIE MAE A 13-141 A | 6/16/2040 | 2.023 | 15,623 | 15,626 | 15,605 | |||||||||
GINNIE MAE | 6/16/2037 | 1.350 | 4,484 | 4,430 | 4,422 | |||||||||
GINNIE MAE | 6/16/2047 | 2.000 | 7,610 | 7,637 | 7,778 | |||||||||
GINNIE MAE_14-70 | 4/16/2042 | 1.900 | 26,173 | 26,489 | 26,602 | |||||||||
GINNIE MAE A 13-159 A | 8/16/2038 | 1.794 | 12,459 | 12,372 | 12,442 | |||||||||
GINNIE MAE 13-146 AH | 8/16/2040 | 2.000 | 6,587 | 6,597 | 6,615 | |||||||||
GINNIE MAE A | 5/16/2038 | 2.250 | 12,540 | 12,593 | 12,578 | |||||||||
GINNIE MAE_14-48 | 10/16/2041 | 1.900 | 14,335 | 14,490 | 14,586 | |||||||||
GINNIE MAE_14-9 | 9/16/2041 | 2.500 | 7,688 | 7,872 | 7,777 | |||||||||
GINNIE MAE | 6/16/2048 | 2.361 | 7,853 | 8,068 | 8,219 | |||||||||
GINNIE MAE 14-61 | 1/16/2044 | 2.205 | 9,003 | 9,023 | 9,016 | |||||||||
GINNIE MAE A | 12/16/2040 | 1.900 | 6,830 | 6,919 | 6,968 | |||||||||
GINNIE MAE 14-143 | 3/16/2040 | 2.500 | 4,186 | 4,279 | 4,264 | |||||||||
GINNIE MAE 14-143 | 3/16/2040 | 2.000 | 8,372 | 8,445 | 8,580 | |||||||||
GINNIE MAE | 4/16/2041 | 2.150 | 14,848 | 15,079 | 15,068 | |||||||||
TOTAL AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES | 194,245 | 194,189 | ||||||||||||
NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES | ||||||||||||||
CFCRE COMMERCIAL MORTAGE TRUST 11-C2 | 12/15/2047 | 3.061 | 22,018 | 22,081 | 22,193 | |||||||||
COMM MORTGAGE TRUST COMM_13-THL | 6/8/2030 | 1.276 | 4,757 | 4,755 | 4,729 | |||||||||
COLONY MULTIFAMILY MORTGAGE TRUST COLNY_14-1 | 4/20/2050 | 2.543 | 5,020 | 5,019 | 5,000 | |||||||||
DBUBS MORTGAGE TRUST DBUBS_11-LC1A | 11/10/2046 | 3.742 | 3,607 | 3,626 | 3,614 | |||||||||
DBUBS MORTGAGE TRUST DBUBS_11-LC2A | 7/10/2044 | 3.527 | 2,739 | 2,753 | 2,829 | |||||||||
GS MORTGAGE SECURITIES CORPORATION II GSMS_10-C2 | 12/10/2043 | 3.849 | 1,402 | 1,409 | 1,441 | |||||||||
GS MORTGAGE SECURITIES CORPORATION II GSMS_11-GC5 | 8/10/2044 | 2.999 | 12,318 | 12,319 | 12,371 | |||||||||
JP MORGAN CHASE COMMERCIAL MORTGAGE SEC CORP 07-CB19 | 2/12/2049 | 5.872 | 754 | 759 | 765 | |||||||||
JP MORGAN CHASE COMMERCIAL MORTGAGE SEC CORP 10-C2 | 11/15/2043 | 2.749 | 470 | 470 | 471 | |||||||||
JP MORGAN CHASE COMMERCIAL MORTGAGE SEC CORP 10-CNTR | 8/5/2032 | 3.300 | 6,852 | 6,883 | 7,023 | |||||||||
JP MORGAN CHASE COMMERCIAL MORTGAGE SEC CORP 11-C5 | 8/15/2046 | 3.149 | 4,009 | 4,009 | 4,039 | |||||||||
JP MORGAN CHASE COMMERCIAL MORTGAGE SEC CORP 11-PLSD | 11/13/2028 | 3.364 | 7,195 | 7,203 | 7,286 | |||||||||
MORGAN STANLEY REREMIC TRUST MSRR_09-GG10 | 8/12/2045 | 5.794 | 14,917 | 15,516 | 15,324 | |||||||||
MORGAN STANLEY CAPITAL I TRUST MSC_11-C3 | 7/15/2049 | 3.224 | 3,034 | 3,034 | 3,060 | |||||||||
ORES NPL LLC ORES_14-LV3 | 3/27/2024 | 3.000 | 14,654 | 14,649 | 14,630 | |||||||||
F-72
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2015
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
RIALTO REAL ESTATE FUND LP RIAL_14-LT5 | 5/15/2024 | 2.850 | 580 | 580 | 579 | |||||||||
RIALTO REAL ESTATE FUND LP RIAL_15-LT7 | 12/25/2032 | 3.000 | 7,300 | 7,296 | 7,295 | |||||||||
UBS-CITIGROUP COMMERCIAL MORTGAGE TRUST UBSC_11-C1 | 1/10/2045 | 3.187 | 9,000 | 9,059 | 9,236 | |||||||||
VFC LLC VFCP_14-2 | 7/20/2030 | 2.750 | 700 | 700 | 700 | |||||||||
VFC LLC VFCP_15-3 | 12/20/2031 | 2.750 | 2,599 | 2,597 | 2,597 | |||||||||
TOTAL NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES | 124,717 | 125,182 | ||||||||||||
TOTAL COMMERCIAL MORTGAGE BACKED SECURITIES | 318,962 | 319,371 | ||||||||||||
CORPORATE DEBT SECURITIES | ||||||||||||||
BANKING | ||||||||||||||
WASHINGTON MUTUAL BANK HENDERSON | 6/15/2011 | — | 1,500 | — | 3 | c,d | ||||||||
TOTAL BANKING | — | 3 | ||||||||||||
BASIC INDUSTRY | ||||||||||||||
EASTMAN CHEMICAL COMPANY | 6/1/2017 | 2.400 | 8,425 | 8,444 | 8,471 | |||||||||
LYONDELLBASELL INDUSTRIES NV | 4/15/2019 | 5.000 | 29,615 | 31,926 | 31,504 | |||||||||
VALE OVERSEAS LTD | 1/23/2017 | 6.250 | 10,750 | 11,137 | 10,730 | |||||||||
TOTAL BASIC INDUSTRY | 51,507 | 50,705 | ||||||||||||
CAPITAL GOODS | ||||||||||||||
BAE SYSTEMS PLC | 10/11/2016 | 3.500 | 4,300 | 4,379 | 4,362 | |||||||||
GENERAL ELECTRIC CO | 10/17/2016 | 3.350 | 25,000 | 25,342 | 25,482 | |||||||||
GENERAL ELECTRIC CO | 1/8/2016 | 1.000 | 4,000 | 4,000 | 4,000 | |||||||||
L-3 COMMUNICATIONS HOLDINGS INC | 11/15/2016 | 3.950 | 29,566 | 30,117 | 30,011 | |||||||||
L-3 COMMUNICATIONS HOLDINGS INC | 5/28/2017 | 1.500 | 8,500 | 8,483 | 8,395 | |||||||||
LOCKHEED MARTIN CORPORATION | 5/1/2016 | 7.650 | 22,000 | 22,479 | 22,488 | |||||||||
NORDSON CORPORATION | 7/26/2017 | 2.270 | 15,000 | 15,000 | 15,031 | |||||||||
STERICYCLE INC | 10/15/2017 | 3.890 | 800 | 827 | 824 | |||||||||
WASTE MANAGEMENT INC | 9/1/2016 | 2.600 | 11,954 | 11,989 | 12,037 | |||||||||
TOTAL CAPITAL GOODS | 122,616 | 122,630 | ||||||||||||
COMMUNICATIONS | ||||||||||||||
A&E TELEVISION NETWORKS LLC | 8/22/2019 | 3.110 | 5,000 | 5,060 | 4,984 | |||||||||
AT&T INC | 8/15/2016 | 2.400 | 3,994 | 4,021 | 4,020 | |||||||||
CROWN CASTLE INTERNATIONAL CORP | 12/15/2017 | 2.381 | 9,000 | 9,024 | 9,010 | |||||||||
DEUTSCHE TELEKOM AG | 4/11/2016 | 3.125 | 10,000 | 10,016 | 10,056 | |||||||||
ORANGE SA | 9/14/2016 | 2.750 | 7,500 | 7,495 | 7,584 | |||||||||
VERIZON COMMUNICATIONS INC | 1/1/2022 | 5.650 | 3,604 | 3,694 | 3,733 | |||||||||
SCRIPPS NETWORKS INTERACTIVE INC | 12/15/2016 | 2.700 | 2,016 | 2,044 | 2,030 | |||||||||
SCRIPPS NETWORKS INTERACTIVE INC | 11/15/2019 | 2.750 | 30,752 | 30,997 | 30,248 | |||||||||
VODAFONE GROUP PLC | 2/27/2017 | 5.625 | 5,300 | 5,561 | 5,533 | |||||||||
TOTAL COMMUNICATIONS | 77,912 | 77,198 | ||||||||||||
CONSUMER CYCLICAL | ||||||||||||||
AUTOLIV INC | 4/23/2019 | 2.840 | 5,000 | 5,000 | 4,978 | |||||||||
BEST BUY CO INC | 3/15/2016 | 3.750 | 10,000 | 9,990 | 10,036 | |||||||||
CVS HEALTH CORP | 6/1/2017 | 5.750 | 7,500 | 7,948 | 7,941 | |||||||||
CABELAS INCORPORATED | 8/4/2020 | 3.230 | 8,000 | 8,000 | 7,903 | |||||||||
F-73
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2015
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
YUM! BRANDS INC. | 4/15/2016 | 6.250 | 15,700 | 15,905 | 15,897 | |||||||||
TOTAL CONSUMER CYCLICAL | 46,843 | 46,755 | ||||||||||||
CONSUMER NON CYCLICAL | ||||||||||||||
ABBVIE INC | 5/14/2018 | 1.800 | 34,500 | 34,484 | 34,341 | |||||||||
ALLERGAN PLC | 3/12/2018 | 2.350 | 10,000 | 10,028 | 10,010 | |||||||||
ANHEUSER-BUSCH INBEV NV | 1/17/2018 | 1.250 | 37,180 | 36,777 | 36,832 | |||||||||
BECTON DICKINSON AND COMPANY | 12/15/2019 | 2.675 | 24,067 | 24,317 | 24,198 | |||||||||
CLOROX COMPANY | 10/15/2017 | 5.950 | 22,560 | 24,288 | 24,220 | |||||||||
CONAGRA FOODS INC | 1/25/2018 | 1.900 | 19,375 | 19,411 | 19,268 | |||||||||
DIAGEO PLC | 5/11/2017 | 1.500 | 31,885 | 31,958 | 31,868 | |||||||||
EXPRESS SCRIPTS HOLDING CO | 5/15/2016 | 3.125 | 7,000 | 7,021 | 7,047 | |||||||||
GENERAL MILLS INC | 10/20/2017 | 1.400 | 30,000 | 29,997 | 29,852 | |||||||||
INTERNATIONAL FLAVORS & FRAGRANCES INC | 7/12/2016 | 6.140 | 4,000 | 4,094 | 4,085 | |||||||||
KELLOGG COMPANY | 5/30/2016 | 4.450 | 7,450 | 7,550 | 7,548 | |||||||||
KELLOGG COMPANY | 11/17/2016 | 1.875 | 5,000 | 5,036 | 5,033 | |||||||||
MARS INC | 10/11/2017 | 2.190 | 35,000 | 35,000 | 34,951 | |||||||||
THE JM SMUCKER CO | 3/15/2018 | 1.750 | 21,803 | 21,776 | 21,700 | |||||||||
THE JM SMUCKER CO | 3/15/2020 | 2.500 | 7,500 | 7,480 | 7,447 | |||||||||
SODEXO SA | 3/4/2019 | 2.710 | 10,000 | 10,000 | 10,003 | |||||||||
TYSON 2009 FAMILY TRUST | 8/15/2019 | 2.650 | 38,879 | 39,150 | 38,901 | |||||||||
MARS INC | 10/21/2016 | 1.400 | 15,960 | 15,995 | 15,944 | |||||||||
MARS INC | 10/20/2017 | 2.000 | 7,746 | 7,824 | 7,759 | |||||||||
ESSILOR INTERNATIONAL (COMPAGNIE GENERALE DOPTIQUE) | 3/15/2017 | 2.650 | 7,500 | 7,500 | 7,559 | |||||||||
ESSILOR INTERNATIONAL (COMPAGNIE GENERALE DOPTIQUE) | 5/4/2017 | 1.840 | 15,000 | 15,011 | 14,970 | |||||||||
TOTAL CONSUMER NON CYCLICAL | 394,697 | 393,536 | ||||||||||||
ELECTRIC | ||||||||||||||
AMERICAN ELECTRIC POWER COMPANY INC | 4/30/2019 | 2.610 | 8,000 | 8,000 | 7,552 | |||||||||
AMERICAN ELECTRIC POWER COMPANY INC | 12/15/2017 | 1.650 | 7,724 | 7,734 | 7,667 | |||||||||
PINNACLE WEST CAPITAL CORPORATION | 8/1/2016 | 6.250 | 1,505 | 1,549 | 1,544 | |||||||||
CENTERPOINT ENERGY INC | 2/1/2017 | 5.950 | 19,910 | 20,884 | 20,772 | |||||||||
DTE ENERGY COMPANY | 6/1/2016 | 6.350 | 1,260 | 1,282 | 1,287 | |||||||||
DOMINION RESOURCES INC/VA | 9/15/2017 | 1.400 | 2,480 | 2,478 | 2,455 | |||||||||
DOMINION RESOURCES INC/VA | 3/15/2017 | 1.250 | 5,485 | 5,474 | 5,451 | |||||||||
DOMINION RESOURCES INC/VA | 6/15/2018 | 1.900 | 13,810 | 13,809 | 13,677 | |||||||||
DUKE ENERGY CORP | 8/15/2017 | 1.625 | 9,365 | 9,398 | 9,352 | |||||||||
ELECTRIC TRANSMISSION TEXAS LLC | 6/28/2018 | 3.690 | 25,000 | 25,833 | 25,542 | |||||||||
BERKSHIRE HATHAWAY INC | 3/15/2016 | 5.950 | 11,000 | 11,094 | 11,106 | |||||||||
NEXTERA ENERGY INC | 6/1/2017 | 1.586 | 5,770 | 5,769 | 5,749 | |||||||||
NEXTERA ENERGY INC | 9/1/2017 | 2.056 | 20,000 | 20,055 | 20,019 | |||||||||
EVERSOURCE ENERGY | 5/1/2018 | 1.450 | 18,830 | 18,655 | 18,523 | |||||||||
EVERSOURCE ENERGY | 1/15/2018 | 1.600 | 8,025 | 8,021 | 7,940 | |||||||||
XCEL ENERGY INC | 8/15/2020 | 2.200 | 14,835 | 14,806 | 14,733 | |||||||||
TEXAS ENERGY FUTURE HOLDINGS LP | 9/30/2017 | 5.000 | 3,795 | 4,013 | 3,979 | |||||||||
TEXAS ENERGY FUTURE HOLDINGS LP | 6/1/2019 | 2.150 | 13,335 | 13,432 | 13,120 | |||||||||
F-74
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2015
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
PG&E CORPORATION | 3/1/2019 | 2.400 | 30,422 | 30,680 | 30,357 | |||||||||
PPL CORPORATION | 6/1/2018 | 1.900 | 17,801 | 17,804 | 17,634 | |||||||||
TRANSALTA CORPORATION | 6/3/2017 | 1.900 | 27,905 | 27,948 | 27,101 | |||||||||
DOMINION RESOURCES INC/VA | 1/15/2016 | 5.400 | 1,500 | 1,503 | 1,502 | |||||||||
WEC ENERGY GROUP INC | 6/15/2018 | 1.650 | 9,225 | 9,213 | 9,145 | |||||||||
XCEL ENERGY INC | 5/9/2016 | 0.750 | 6,029 | 6,029 | 6,024 | |||||||||
XCEL ENERGY INC | 6/1/2017 | 1.200 | 7,000 | 6,996 | 6,964 | |||||||||
TOTAL ELECTRIC | 292,459 | 289,195 | ||||||||||||
ENERGY | ||||||||||||||
ANADARKO PETROLEUM CORPORATION | 9/15/2016 | 5.950 | 19,681 | 20,243 | 20,223 | |||||||||
BP PLC | 3/11/2016 | 3.200 | 10,710 | 10,763 | 10,762 | |||||||||
CANADIAN NATURAL RESOURCES LIMITED | 8/15/2016 | 6.000 | 3,145 | 3,243 | 3,228 | |||||||||
CANADIAN NATURAL RESOURCES LIMITED | 5/15/2017 | 5.700 | 29,200 | 30,727 | 29,824 | |||||||||
CHEVRON CORP | 11/16/2018 | 1.790 | 25,000 | 25,000 | 24,774 | |||||||||
COLUMBIA PIPELINE GROUP INC | 6/1/2018 | 2.450 | 20,500 | 20,615 | 20,043 | |||||||||
ENTERPRISE PRODUCTS PARTNERS LP | 10/15/2019 | 2.550 | 14,500 | 14,589 | 13,901 | |||||||||
HESS CORPORATION | 6/15/2017 | 1.300 | 1,825 | 1,817 | 1,786 | |||||||||
BERKSHIRE HATHAWAY INC | 4/30/2018 | 4.893 | 8,661 | 9,125 | 9,005 | |||||||||
MARATHON PETROLEUM CORP | 3/1/2016 | 3.500 | 15,328 | 15,395 | 15,371 | |||||||||
NOBLE CORPORATION PLC | 3/1/2016 | 3.050 | 26,651 | 26,716 | 26,651 | |||||||||
NOBLE CORPORATION PLC | 3/15/2017 | 2.500 | 5,000 | 5,036 | 4,717 | |||||||||
WILLIAMS COMPANIES INC | 6/15/2016 | 7.000 | 6,780 | 6,927 | 6,959 | |||||||||
ENERGY TRANSFER PARTNERS LP | 11/1/2017 | 6.200 | 10,000 | 10,754 | 10,648 | |||||||||
PHILLIPS 66 | 5/1/2017 | 2.950 | 17,360 | 17,749 | 17,596 | |||||||||
KINDER MORGAN INC | 4/1/2017 | 5.900 | 3,296 | 3,474 | 3,352 | |||||||||
MSIP - SSCC HOLDINGS LLC | 6/1/2016 | 6.000 | 9,449 | 9,580 | 9,542 | |||||||||
TRANSCANADA CORPORATION | 11/9/2017 | 1.625 | 33,500 | 33,487 | 33,225 | |||||||||
WILLIAMS COMPANIES INC | 4/15/2016 | 6.400 | 649 | 655 | 657 | |||||||||
TOTAL ENERGY | 265,895 | 262,264 | ||||||||||||
NATURAL GAS | ||||||||||||||
CENTERPOINT ENERGY INC | 11/1/2017 | 6.125 | 7,787 | 8,429 | 8,379 | |||||||||
CENTERPOINT ENERGY INC | 5/1/2016 | 6.150 | 1,395 | 1,419 | 1,416 | |||||||||
SEMPRA ENERGY | 4/1/2017 | 2.300 | 29,735 | 30,061 | 29,908 | |||||||||
SEMPRA ENERGY | 3/15/2020 | 2.400 | 8,565 | 8,543 | 8,394 | |||||||||
TOTAL NATURAL GAS | 48,452 | 48,097 | ||||||||||||
REITS | ||||||||||||||
RREEF AMERICA REIT II INC | 6/13/2017 | 5.160 | 23,000 | 24,147 | 23,837 | |||||||||
TOTAL REITS | 24,147 | 23,837 | ||||||||||||
TECHNOLOGY | ||||||||||||||
CISCO SYSTEMS INC | 6/15/2018 | 1.650 | 20,000 | 19,997 | 20,084 | |||||||||
HEWLETT PACKARD ENTERPRISE CO | 10/5/2018 | 2.850 | 10,000 | 10,000 | 9,994 | |||||||||
SAP SE | 10/14/2017 | 2.950 | 3,000 | 3,049 | 3,038 | |||||||||
F-75
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2015
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
SAP SE | 6/1/2016 | 2.770 | 15,000 | 15,087 | 15,067 | |||||||||
SAP SE | 11/15/2017 | 2.130 | 10,000 | 10,000 | 9,976 | |||||||||
TOTAL TECHNOLOGY | 58,133 | 58,159 | ||||||||||||
TRANSPORTATION | ||||||||||||||
ENTERPRISE HOLDINGS INC | 10/15/2017 | 6.375 | 17,998 | 19,441 | 19,320 | |||||||||
ENTERPRISE HOLDINGS INC | 3/15/2017 | 2.750 | 3,694 | 3,753 | 3,739 | |||||||||
ENTERPRISE HOLDINGS INC | 11/1/2018 | 2.800 | 8,395 | 8,555 | 8,469 | |||||||||
UNION PACIFIC CORPORATION | 2/1/2016 | 7.000 | 12,500 | 12,557 | 12,558 | |||||||||
TOTAL TRANSPORTATION | 44,306 | 44,086 | ||||||||||||
TOTAL CORPORATE DEBT SECURITIES | 1,426,967 | 1,416,465 | ||||||||||||
STRUCTURED SECURITIES | ||||||||||||||
MERRILL LYNCH ELLIOTT & PAIGE | 2/23/2010 | 2.209 | 11,000 | — | — | c,d | ||||||||
TOTAL STRUCTURED SECURITIES | — | — | ||||||||||||
TOTAL FIXED MATURITIES | 4,768,263 | 4,734,442 | ||||||||||||
COMMON STOCKS | ||||||||||||||
BUILDING PRODUCTS | ||||||||||||||
CONTECH ENGINEERED SOLUTIONS LLC | 13 | 296 | 548 | d | ||||||||||
TOTAL BUILDING PRODUCTS | 296 | 548 | ||||||||||||
CHEMICALS | ||||||||||||||
LYONDELLBASELL INDUSTRIES NV | 16 | 82 | 1,407 | |||||||||||
TOTAL CHEMICALS | 82 | 1,407 | ||||||||||||
CONGLOMERATES/DIVERSIFIED MFG | ||||||||||||||
DAYCO LLC | 10 | 115 | 351 | d | ||||||||||
TOTAL CONGLOMERATES/DIVERSIFIED MFG | 115 | 351 | ||||||||||||
ELECTRONIC/INFO/DATATECH | ||||||||||||||
EAGLE TOPCO 2013 LTD. (HIBU GROUP) | 210 | — | — | d | ||||||||||
TOTAL ELECTRONIC/INFO/DATATECH | — | — | ||||||||||||
FINANCE - OTHER | ||||||||||||||
NPF XII INC NPF12_02-2 | 10,000 | — | — | d | ||||||||||
TOTAL FINANCE - OTHER | — | — | ||||||||||||
GAMING | ||||||||||||||
AFFINITY GAMING LLC (HERBST GAMING) | 9 | 87 | 126 | d | ||||||||||
TROPICANA CASINOS AND RESORTS INC | 4 | — | 73 | d | ||||||||||
TOTAL GAMING | 87 | 199 | ||||||||||||
LEISURE | ||||||||||||||
MGM HOLDINGS II INC | 37 | 715 | 2,868 | c,d | ||||||||||
TOTAL LEISURE | 715 | 2,868 | ||||||||||||
MEDIA | ||||||||||||||
TRIBUNE MEDIA COMPANY | 13 | 576 | 434 | |||||||||||
CENGAGE LEARNING INC | 4 | 128 | 83 | |||||||||||
MEDIANEWS GROUP INC | 3 | 41 | 93 | d | ||||||||||
TOTAL MEDIA | 745 | 610 | ||||||||||||
F-76
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2015
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
METALS/MINING | ||||||||||||||
ALERIS HOLDING CO | 5 | 184 | 155 | d | ||||||||||
TOTAL METALS/MINING | 184 | 155 | ||||||||||||
PUBLISHING | ||||||||||||||
TRIBUNE PUBLISHING CO | 2 | 1 | 17 | |||||||||||
TOTAL PUBLISHING | 1 | 17 | ||||||||||||
TELECOMMUNICATIONS | ||||||||||||||
HAWAIIAN TELCOM HOLDCO INC | 3 | 48 | 82 | c,d | ||||||||||
TOTAL TELECOMMUNICATIONS | 48 | 82 | ||||||||||||
TOTAL COMMON STOCKS | 2,273 | 6,237 | ||||||||||||
SYNDICATED LOANS | ||||||||||||||
BASIC INDUSTRY | ||||||||||||||
CELANESE US HOLDINGS LLC | 10/31/2018 | 2.493 | 699 | 699 | 699 | |||||||||
HUNTSMAN CORP | 4/19/2019 | 3.318 | 1,584 | 1,581 | 1,581 | |||||||||
INEOS AG | 12/15/2020 | 3.750 | 997 | 989 | 989 | |||||||||
MINERALS TECHNOLOGIES INC. | 5/10/2021 | 3.768 | 91 | 91 | 91 | |||||||||
PQ HOLDINGS INC | 8/7/2017 | 4.000 | 997 | 993 | 993 | |||||||||
AXALTA COATING SYSTEMS US HOLDINGS INC | 2/1/2020 | 3.750 | 951 | 948 | 948 | |||||||||
NEXEO SOLUTIONS HOLDINGS LLC | 9/8/2017 | 5.000 | 952 | 934 | 934 | |||||||||
AI CHEM & CY SCA | 10/3/2019 | 4.500 | 341 | 340 | 340 | |||||||||
TRONOX LTD | 3/19/2020 | 4.500 | 990 | 984 | 984 | |||||||||
AI CHEM & CY SCA | 10/3/2019 | 4.500 | 657 | 655 | 655 | |||||||||
MACDERMID INCORPORATED | 6/7/2020 | 5.500 | 997 | 991 | 991 | |||||||||
FORTESCUE METALS GROUP LTD | 6/30/2019 | 4.250 | 987 | 983 | 983 | |||||||||
FLINT GROUP SA | 9/7/2021 | 4.500 | 90 | 90 | 90 | |||||||||
FLINT GROUP SA | 9/7/2021 | 4.500 | 543 | 542 | 542 | |||||||||
CHEMOURS COMPANY | 5/12/2022 | 3.750 | 100 | 99 | 99 | |||||||||
UNIVAR INC | 7/1/2022 | 4.250 | 1,000 | 993 | 993 | |||||||||
POLYONE CORPORATION | 11/9/2022 | 3.750 | 125 | 124 | 124 | |||||||||
TOTAL BASIC INDUSTRY | 12,036 | 12,036 | ||||||||||||
BROKERAGE | ||||||||||||||
LPL FINANCIAL HOLDINGS INC | 3/29/2019 | 3.250 | 732 | 726 | 726 | |||||||||
TOTAL BROKERAGE | 726 | 726 | ||||||||||||
CAPITAL GOODS | ||||||||||||||
ACCUDYNE INDUSTRIES BORROWER / ACCUDYNE INDUSTRIES LLC | 12/13/2019 | 4.000 | 971 | 960 | 960 | |||||||||
BERRY PLASTICS CORP | 2/8/2020 | 3.500 | 987 | 975 | 975 | |||||||||
TRANSDIGM INC | 2/28/2020 | 3.750 | 880 | 877 | 877 | |||||||||
COD INTERMEDIATE LLC | 3/23/2018 | 4.000 | 726 | 726 | 726 | |||||||||
CROSBY US ACQUISITION CORP | 11/23/2020 | 4.000 | 987 | 985 | 985 | |||||||||
PACKAGING HOLDINGS LTD | 12/1/2018 | 4.500 | 970 | 969 | 969 | |||||||||
EWT HOLDINGS III CORP | 1/15/2021 | 4.750 | 997 | 997 | 997 | |||||||||
BERRY PLASTICS GROUP INC | 1/6/2021 | 3.750 | 2,024 | 2,001 | 2,001 | |||||||||
WESCO AIRCRAFT HARDWARE CORP | 2/28/2021 | 3.250 | 1,637 | 1,615 | 1,615 | |||||||||
F-77
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2015
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
FORSTMANN LITTLE & CO | 5/6/2021 | 5.250 | 990 | 983 | 983 | |||||||||
HUSKY INJECTION MOLDING SYSTEMS LTD | 6/30/2021 | 4.250 | 1,000 | 988 | 988 | |||||||||
BOE HOLDING CORP | 8/14/2020 | 5.500 | 995 | 994 | 994 | |||||||||
B/E AEROSPACE INC | 12/16/2021 | 4.000 | 141 | 140 | 140 | |||||||||
WASTE INDUSTRIES USA INC. | 2/27/2020 | 4.250 | 249 | 248 | 248 | |||||||||
NORTEK HOLDINGS INC | 10/30/2020 | 3.500 | 997 | 988 | 988 | |||||||||
PROLAMPAC INTERMEDIATE INC | 8/18/2022 | 5.004 | 150 | 149 | 149 | |||||||||
PROLAMPAC INTERMEDIATE INC | 8/18/2022 | 5.750 | 200 | 195 | 195 | |||||||||
TEREX CORPORATION | 12/1/2022 | 4.500 | 200 | 196 | 196 | |||||||||
TOTAL CAPITAL GOODS | 14,986 | 14,986 | ||||||||||||
COMMUNICATIONS | ||||||||||||||
NIELSEN HOLDINGS PLC | 4/15/2021 | 3.287 | 747 | 746 | 746 | |||||||||
SONIFI SOLUTIONS INC | 3/28/2018 | 6.750 | 324 | 283 | 283 | |||||||||
TRIBUNE MEDIA COMPANY | 12/27/2020 | 3.750 | 1,274 | 1,271 | 1,271 | |||||||||
DEX MEDIA INC (DELAWARE) | 12/30/2016 | 11.600 | 185 | 153 | 153 | |||||||||
DEX MEDIA INC (DELAWARE) | 12/31/2016 | 9.750 | 276 | 216 | 216 | |||||||||
CEQUEL CORP | 2/14/2019 | 3.500 | 997 | 995 | 995 | |||||||||
ARRIS GROUP INC | 4/17/2020 | 3.250 | 1,000 | 1,000 | 1,000 | |||||||||
SALEM MEDIA GROUP INC | 3/13/2020 | 4.500 | 1,000 | 996 | 996 | |||||||||
CABLEVISION SYSTEMS CORPORATION | 4/17/2020 | 2.732 | 736 | 728 | 728 | |||||||||
CHARTER COMMUNICATIONS INC | 1/3/2021 | 3.000 | 1,300 | 1,283 | 1,283 | |||||||||
NATIONAL CINEMEDIA INC | 11/26/2019 | 2.990 | 1,000 | 982 | 982 | |||||||||
ENTRAVISION COMMUNICATIONS CORPORATION | 5/31/2020 | 3.500 | 997 | 989 | 989 | |||||||||
SINCLAIR BROADCAST GROUP INC | 4/9/2020 | 3.000 | 990 | 977 | 977 | |||||||||
MEDIA GENERAL INC | 7/31/2020 | 4.000 | 984 | 980 | 980 | |||||||||
SERAFINA SA | 6/30/2019 | 3.750 | 1,000 | 988 | 988 | |||||||||
WINDSTREAM HOLDINGS INC | 8/8/2019 | 3.500 | 990 | 980 | 980 | |||||||||
SOUTHWIRE CO | 2/10/2021 | 3.004 | 990 | 978 | 978 | |||||||||
MEDIACOM COMMUNICATIONS CORPORATION | 3/31/2018 | 2.900 | 997 | 988 | 988 | |||||||||
BROADCASTING MEDIA PARTNERS INC | 3/1/2020 | 4.000 | 995 | 987 | 987 | |||||||||
HIBU PLC (YELL FINANCE) | 3/3/2019 | 5.586 | 134 | 113 | 113 | |||||||||
HIBU PLC (YELL FINANCE) | 3/1/2024 | — | 549 | — | — | d | ||||||||
HIBU PLC (YELL FINANCE) | 3/3/2019 | — | 14 | — | — | d | ||||||||
HUBBARD RADIO LLC | 5/27/2022 | 4.250 | 215 | 214 | 214 | |||||||||
CABLEVISION SYSTEMS CORPORATION | 10/10/2022 | 5.000 | 400 | 394 | 394 | |||||||||
DEUTSCHE TELEKOM AG (T-MOBILE) | 11/9/2022 | 3.500 | 1,000 | 997 | 997 | |||||||||
TOTAL COMMUNICATIONS | 18,238 | 18,238 | ||||||||||||
CONSUMER CYCLICAL | ||||||||||||||
ALLISON TRANSMISSION INC | 8/23/2019 | 3.500 | 997 | 996 | 996 | |||||||||
CREATIVE ARTISTS AGENCY LLC | 12/17/2021 | 5.504 | 697 | 696 | 696 | |||||||||
DOLLAR TREE INC | 7/6/2022 | 3.500 | 370 | 370 | 370 | |||||||||
BH HOTELS HOLDCO LLC | 10/26/2020 | 3.500 | 977 | 973 | 973 | |||||||||
NM MARIPOSA HOLDINGS INC | 10/25/2020 | 4.250 | 997 | 987 | 987 | |||||||||
PENN NATIONAL GAMING INC | 10/30/2020 | 3.250 | 987 | 983 | 983 | |||||||||
F-78
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2015
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
ARGOS HOLDINGS INC | 3/11/2022 | 4.250 | 997 | 997 | 997 | |||||||||
REGAL ENTERTAINMENT GROUP | 4/1/2022 | 3.750 | 990 | 985 | 985 | |||||||||
MICHAELS COMPANIES INC | 1/28/2020 | 3.750 | 997 | 995 | 995 | |||||||||
PETCO ANIMAL SUPPLIES INC | 11/24/2017 | 4.000 | 997 | 992 | 992 | |||||||||
SABRE HOLDINGS CORPORATION | 2/19/2019 | 4.000 | 998 | 996 | 996 | |||||||||
ZUFFA LLC | 2/25/2020 | 3.750 | 997 | 989 | 989 | |||||||||
SABRE HOLDINGS CORPORATION | 9/28/2020 | 4.000 | 1,000 | 998 | 998 | |||||||||
LAS VEGAS SANDS CORP | 12/19/2020 | 3.250 | 550 | 540 | 540 | |||||||||
FIAT CHRYSLER AUTOMOBILES NV | 12/31/2018 | 3.250 | 997 | 994 | 994 | |||||||||
GATES GLOBAL LLC | 7/6/2021 | 4.250 | 997 | 970 | 970 | |||||||||
SERVICEMASTER GLOBAL HOLDINGS INC | 7/1/2021 | 4.250 | 997 | 993 | 993 | |||||||||
RESTAURANT BRANDS INTERNATIONAL INC | 12/10/2021 | 3.750 | 997 | 996 | 996 | |||||||||
BASS PRO GROUP LLC | 6/5/2020 | 4.000 | 149 | 149 | 149 | |||||||||
KKR & CO LP | 7/1/2022 | 5.000 | 1,013 | 1,010 | 1,010 | |||||||||
SIX FLAGS ENTERTAINMENT CORP | 6/30/2022 | 3.501 | 200 | 199 | 199 | |||||||||
HUDSONS BAY CO | 9/30/2022 | 4.750 | 69 | 69 | 69 | |||||||||
WANDA AMERICA INVESTMENT HOLDING CO LTD | 12/15/2022 | 4.000 | 997 | 996 | 996 | |||||||||
TOTAL CONSUMER CYCLICAL | 18,873 | 18,873 | ||||||||||||
CONSUMER NON CYCLICAL | ||||||||||||||
JARDEN CORP | 7/20/2022 | 2.982 | 1,000 | 998 | 998 | |||||||||
PRESTIGE BRANDS HOLDINGS INC | 9/3/2021 | 3.500 | 974 | 970 | 970 | |||||||||
ARAMARK | 7/26/2016 | 3.926 | 22 | 22 | 22 | |||||||||
ARAMARK | 7/26/2016 | 3.926 | 12 | 12 | 12 | |||||||||
ADVENT INTERNATIONAL CORP | 10/1/2019 | 4.250 | 1,000 | 998 | 998 | |||||||||
PINNACLE FOODS INC | 4/29/2020 | 3.000 | 1,000 | 997 | 997 | |||||||||
HCA HOLDINGS INC | 5/1/2018 | 3.077 | 1,160 | 1,159 | 1,159 | |||||||||
USF HOLDING CORP | 3/31/2019 | 4.500 | 1,485 | 1,479 | 1,479 | |||||||||
JBS SA | 9/18/2020 | 3.750 | 990 | 978 | 978 | |||||||||
JARDEN CORP | 9/30/2020 | 2.982 | 207 | 207 | 207 | |||||||||
ARAMARK | 2/24/2021 | 3.250 | 736 | 733 | 733 | |||||||||
MALLINCKRODT PLC | 3/19/2021 | 3.250 | 987 | 986 | 986 | |||||||||
GRIFOLS SA | 2/27/2021 | 3.232 | 987 | 983 | 983 | |||||||||
CATALENT INC | 5/20/2021 | 4.250 | 670 | 666 | 666 | |||||||||
VARSITY BRANDS INC | 12/11/2021 | 5.000 | 124 | 123 | 123 | |||||||||
VALEANT PHARMACEUTICALS INTERNATIONAL INC | 3/16/2022 | 4.000 | 995 | 989 | 989 | |||||||||
ROYALTY PHARMA INVESTMENTS | 11/9/2020 | 3.500 | 373 | 373 | 373 | |||||||||
ENDO INTERNATIONAL PLC | 9/26/2022 | 3.750 | 125 | 124 | 124 | |||||||||
THL PC TOPCO LP | 8/5/2022 | 4.250 | 200 | 200 | 200 | |||||||||
JAGUAR HOLDING COMPANY I (PHARMACEUTICAL PRODUCT DEV) | 8/18/2022 | 4.250 | 998 | 993 | 993 | |||||||||
TEAM HEALTH HOLDINGS INC | 11/30/2022 | 4.500 | 250 | 246 | 246 | |||||||||
TOTAL CONSUMER NON CYCLICAL | 14,236 | 14,236 | ||||||||||||
ELECTRIC | ||||||||||||||
TEXAS ENERGY FUTURE HOLDINGS LP | 6/30/2016 | — | 1,883 | 1,859 | 1,859 | d | ||||||||
WINDSOR FINANCING LLC | 12/5/2017 | 6.250 | 949 | 956 | 956 | |||||||||
F-79
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2015
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
DYNEGY INC | 4/23/2020 | 4.000 | 997 | 992 | 992 | |||||||||
NEXTERA ENERGY INC (LA FRONTERA) | 9/30/2020 | 4.500 | 705 | 696 | 696 | |||||||||
VIVA ALAMO LLC | 2/22/2021 | 5.250 | 272 | 269 | 269 | |||||||||
CALPINE CORP | 10/22/2020 | 4.000 | 990 | 982 | 982 | |||||||||
ASTORIA PROJECT PARTNERS | 12/24/2021 | 5.000 | 240 | 237 | 237 | |||||||||
TOTAL ELECTRIC | 5,991 | 5,991 | ||||||||||||
ENERGY | ||||||||||||||
RHODE ISLAND STATE ENERGY CENTER | 11/23/2022 | 5.750 | 200 | 197 | 197 | |||||||||
TOTAL ENERGY | 197 | 197 | ||||||||||||
INSURANCE | ||||||||||||||
HOCKEY PARENT HOLDINGS LP | 10/2/2020 | 4.000 | 997 | 985 | 985 | |||||||||
NEW ASURION CORPORATION | 8/4/2022 | 5.000 | 299 | 298 | 298 | |||||||||
TOTAL INSURANCE | 1,283 | 1,283 | ||||||||||||
OTHER INDUSTRY | ||||||||||||||
BELDEN INC | 10/3/2020 | 3.250 | 987 | 987 | 987 | |||||||||
MUELLER WATER PRODUCTS INC | 11/24/2021 | 4.000 | 997 | 997 | 997 | |||||||||
TOTAL OTHER INDUSTRY | 1,984 | 1,984 | ||||||||||||
OTHER UTILITY | ||||||||||||||
LS POWER DEVELOPMENT LLC | 11/9/2020 | 5.000 | 950 | 946 | 946 | |||||||||
TOTAL OTHER UTILITY | 946 | 946 | ||||||||||||
OTHER REIT | ||||||||||||||
DTZ INVESTMENT HOLDINGS LP | 11/4/2021 | 4.252 | 1,222 | 1,213 | 1,213 | |||||||||
TOTAL OTHER REIT | 1,213 | 1,213 | ||||||||||||
TECHNOLOGY | ||||||||||||||
NEW OMAHA HOLDINGS LP | 7/8/2022 | 4.168 | 1,000 | 998 | 998 | |||||||||
SCIENCE APPLICATIONS INTERNATIONAL CORP | 5/4/2022 | 3.750 | 1,103 | 1,101 | 1,101 | |||||||||
DENALI HOLDING INC | 10/29/2018 | 4.000 | 786 | 786 | 786 | |||||||||
MICROSEMI CORPORATION | 2/19/2020 | 3.250 | 887 | 879 | 879 | |||||||||
AVAGO TECHNOLOGIES LTD | 5/6/2021 | 3.750 | 856 | 856 | 856 | |||||||||
TTM TECHNOLOGIES INC | 5/31/2021 | 6.000 | 100 | 97 | 97 | |||||||||
CSRA INC | 11/28/2022 | 3.750 | 200 | 199 | 199 | |||||||||
NXP SEMICONDUCTORS NV | 11/30/2020 | 3.750 | 325 | 323 | 323 | |||||||||
AVAGO TECHNOLOGIES LTD | 12/1/2022 | 4.250 | 900 | 891 | 891 | |||||||||
MICROSEMI CORPORATION | 1/17/2023 | 5.250 | 325 | 315 | 315 | |||||||||
TOTAL TECHNOLOGY | 6,445 | 6,445 | ||||||||||||
TRANSPORTATION | ||||||||||||||
AMERICAN AIRLINES GROUP INC | 6/27/2020 | 3.250 | 992 | 989 | 989 | |||||||||
HERTZ GLOBAL HOLDINGS INC | 3/11/2018 | 3.000 | 987 | 977 | 977 | |||||||||
DELTA AIR LINES INC | 10/18/2018 | 3.250 | 990 | 978 | 978 | |||||||||
TOTAL TRANSPORTATION | 2,944 | 2,944 | ||||||||||||
TOTAL SYNDICATED LOANS BEFORE ALLOWANCE FOR LOAN LOSSES | 100,098 | 100,098 | ||||||||||||
ALLOWANCE FOR LOAN LOSSES | (1,623 | ) | (1,623 | ) | ||||||||||
TOTAL SYNDICATED LOANS - NET | 98,475 | 98,475 | ||||||||||||
F-80
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2015
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
DERIVATIVES | ||||||||||||||
PURCHASED OPTIONS | ||||||||||||||
WELLS FARGO & COMPANY | 1/5/2016 | — | 176 | 176 | ||||||||||
BNP PARIBAS SA | 1/12/2016 | — | 156 | 156 | ||||||||||
BNP PARIBAS SA | 1/19/2016 | — | 164 | 164 | ||||||||||
WELLS FARGO & COMPANY | 1/26/2016 | — | 215 | 215 | ||||||||||
WELLS FARGO & COMPANY | 2/2/2016 | — | 168 | 168 | ||||||||||
WELLS FARGO & COMPANY | 2/9/2016 | — | 117 | 117 | ||||||||||
WELLS FARGO & COMPANY | 2/16/2016 | — | 84 | 84 | ||||||||||
WELLS FARGO & COMPANY | 2/23/2016 | — | 79 | 79 | ||||||||||
BNP PARIBAS SA | 3/1/2016 | — | 95 | 95 | ||||||||||
WELLS FARGO & COMPANY | 3/8/2016 | — | 256 | 256 | ||||||||||
WELLS FARGO & COMPANY | 3/15/2016 | — | 199 | 199 | ||||||||||
WELLS FARGO & COMPANY | 3/22/2016 | — | 149 | 149 | ||||||||||
WELLS FARGO & COMPANY | 3/29/2016 | — | 225 | 225 | ||||||||||
BNP PARIBAS SA | 4/5/2016 | — | 212 | 212 | ||||||||||
WELLS FARGO & COMPANY | 4/12/2016 | — | 178 | 178 | ||||||||||
WELLS FARGO & COMPANY | 4/19/2016 | — | 176 | 176 | ||||||||||
BNP PARIBAS SA | 4/26/2016 | — | 154 | 154 | ||||||||||
BNP PARIBAS SA | 5/3/2016 | — | 227 | 227 | ||||||||||
WELLS FARGO & COMPANY | 5/10/2016 | — | 199 | 199 | ||||||||||
WELLS FARGO & COMPANY | 5/17/2016 | — | 168 | 168 | ||||||||||
BNP PARIBAS SA | 5/24/2016 | — | 210 | 210 | ||||||||||
BNP PARIBAS SA | 5/31/2016 | — | 205 | 205 | ||||||||||
BNP PARIBAS SA | 6/7/2016 | — | 266 | 266 | ||||||||||
BNP PARIBAS SA | 6/14/2016 | — | 281 | 281 | ||||||||||
BNP PARIBAS SA | 6/21/2016 | — | 240 | 240 | ||||||||||
BNP PARIBAS SA | 6/28/2016 | — | 371 | 371 | ||||||||||
WELLS FARGO & COMPANY | 7/5/2016 | — | 290 | 290 | ||||||||||
BNP PARIBAS SA | 7/12/2016 | — | 232 | 232 | ||||||||||
WELLS FARGO & COMPANY | 7/19/2016 | — | 208 | 208 | ||||||||||
WELLS FARGO & COMPANY | 7/26/2016 | — | 268 | 268 | ||||||||||
WELLS FARGO & COMPANY | 8/2/2016 | — | 280 | 280 | ||||||||||
BNP PARIBAS SA | 8/9/2016 | — | 289 | 289 | ||||||||||
BNP PARIBAS SA | 8/16/2016 | — | 314 | 314 | ||||||||||
WELLS FARGO & COMPANY | 8/23/2016 | — | 1,047 | 1,047 | ||||||||||
WELLS FARGO & COMPANY | 8/22/2017 | — | 112 | 112 | ||||||||||
WELLS FARGO & COMPANY | 8/21/2018 | — | 164 | 164 | ||||||||||
BNP PARIBAS SA | 8/30/2016 | — | 950 | 950 | ||||||||||
BNP PARIBAS SA | 8/29/2017 | — | 79 | 79 | ||||||||||
BNP PARIBAS SA | 8/28/2018 | — | 95 | 95 | ||||||||||
BNP PARIBAS SA | 9/6/2016 | — | 704 | 704 | ||||||||||
WELLS FARGO & COMPANY | 9/13/2016 | — | 642 | 642 | ||||||||||
WELLS FARGO & COMPANY | 9/20/2016 | — | 799 | 799 | ||||||||||
F-81
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2015
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
BNP PARIBAS SA | 9/27/2016 | — | 978 | 978 | ||||||||||
WELLS FARGO & COMPANY | 10/4/2016 | — | 649 | 649 | ||||||||||
BNP PARIBAS SA | 10/11/2016 | — | 602 | 602 | ||||||||||
WELLS FARGO & COMPANY | 10/18/2016 | — | 511 | 511 | ||||||||||
BNP PARIBAS SA | 10/25/2016 | — | 402 | 402 | ||||||||||
BNP PARIBAS SA | 10/23/2018 | — | 67 | 67 | ||||||||||
BNP PARIBAS SA | 11/1/2016 | — | 353 | 353 | ||||||||||
WELLS FARGO & COMPANY | 11/8/2016 | — | 369 | 369 | ||||||||||
WELLS FARGO & COMPANY | 11/15/2016 | — | 435 | 435 | ||||||||||
WELLS FARGO & COMPANY | 11/22/2016 | — | 374 | 374 | ||||||||||
WELLS FARGO & COMPANY | 11/29/2016 | — | 315 | 315 | ||||||||||
BNP PARIBAS SA | 12/6/2016 | — | 386 | 386 | ||||||||||
WELLS FARGO & COMPANY | 12/13/2016 | — | 541 | 541 | ||||||||||
WELLS FARGO & COMPANY | 12/11/2018 | — | 97 | 97 | ||||||||||
BNP PARIBAS SA | 12/20/2016 | — | 531 | 531 | ||||||||||
WELLS FARGO & COMPANY | 12/27/2016 | — | 449 | 449 | ||||||||||
TOTAL PURCHASED OPTIONS | 18,502 | 18,502 | ||||||||||||
WRITTEN OPTIONS | ||||||||||||||
WELLS FARGO & COMPANY | 1/5/2016 | — | (95 | ) | (95 | ) | ||||||||
WELLS FARGO & COMPANY | 1/5/2016 | — | — | — | ||||||||||
BNP PARIBAS SA | 1/12/2016 | — | (88 | ) | (88 | ) | ||||||||
BNP PARIBAS SA | 1/12/2016 | — | — | — | ||||||||||
BNP PARIBAS SA | 1/19/2016 | — | (102 | ) | (102 | ) | ||||||||
BNP PARIBAS SA | 1/19/2016 | — | (1 | ) | (1 | ) | ||||||||
WELLS FARGO & COMPANY | 1/26/2016 | — | (139 | ) | (139 | ) | ||||||||
WELLS FARGO & COMPANY | 1/26/2016 | — | (1 | ) | (1 | ) | ||||||||
WELLS FARGO & COMPANY | 2/2/2016 | — | (106 | ) | (106 | ) | ||||||||
WELLS FARGO & COMPANY | 2/2/2016 | — | (1 | ) | (1 | ) | ||||||||
WELLS FARGO & COMPANY | 2/9/2016 | — | (72 | ) | (72 | ) | ||||||||
WELLS FARGO & COMPANY | 2/9/2016 | — | — | — | ||||||||||
WELLS FARGO & COMPANY | 2/16/2016 | — | (51 | ) | (51 | ) | ||||||||
WELLS FARGO & COMPANY | 2/16/2016 | — | — | — | ||||||||||
WELLS FARGO & COMPANY | 2/23/2016 | — | (47 | ) | (47 | ) | ||||||||
WELLS FARGO & COMPANY | 2/23/2016 | — | — | — | ||||||||||
BNP PARIBAS SA | 3/1/2016 | — | (59 | ) | (59 | ) | ||||||||
BNP PARIBAS SA | 3/1/2016 | — | — | — | ||||||||||
WELLS FARGO & COMPANY | 3/8/2016 | — | (188 | ) | (188 | ) | ||||||||
WELLS FARGO & COMPANY | 3/8/2016 | — | (2 | ) | (2 | ) | ||||||||
WELLS FARGO & COMPANY | 3/15/2016 | — | (138 | ) | (138 | ) | ||||||||
WELLS FARGO & COMPANY | 3/15/2016 | — | (2 | ) | (2 | ) | ||||||||
WELLS FARGO & COMPANY | 3/22/2016 | — | (101 | ) | (101 | ) | ||||||||
WELLS FARGO & COMPANY | 3/22/2016 | — | (2 | ) | (2 | ) | ||||||||
WELLS FARGO & COMPANY | 3/29/2016 | — | (165 | ) | (165 | ) | ||||||||
WELLS FARGO & COMPANY | 3/29/2016 | — | (2 | ) | (2 | ) | ||||||||
F-82
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2015
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
BNP PARIBAS SA | 4/5/2016 | — | (155 | ) | (155 | ) | ||||||||
BNP PARIBAS SA | 4/5/2016 | — | (1 | ) | (1 | ) | ||||||||
WELLS FARGO & COMPANY | 4/12/2016 | — | (127 | ) | (127 | ) | ||||||||
WELLS FARGO & COMPANY | 4/12/2016 | — | (1 | ) | (1 | ) | ||||||||
WELLS FARGO & COMPANY | 4/19/2016 | — | (127 | ) | (127 | ) | ||||||||
WELLS FARGO & COMPANY | 4/19/2016 | — | (1 | ) | (1 | ) | ||||||||
BNP PARIBAS SA | 4/26/2016 | — | (108 | ) | (108 | ) | ||||||||
BNP PARIBAS SA | 4/26/2016 | — | (1 | ) | (1 | ) | ||||||||
BNP PARIBAS SA | 5/3/2016 | — | (159 | ) | (159 | ) | ||||||||
BNP PARIBAS SA | 5/3/2016 | — | (1 | ) | (1 | ) | ||||||||
WELLS FARGO & COMPANY | 5/10/2016 | — | (138 | ) | (138 | ) | ||||||||
WELLS FARGO & COMPANY | 5/10/2016 | — | (1 | ) | (1 | ) | ||||||||
WELLS FARGO & COMPANY | 5/17/2016 | — | (114 | ) | (114 | ) | ||||||||
WELLS FARGO & COMPANY | 5/17/2016 | — | (1 | ) | (1 | ) | ||||||||
BNP PARIBAS SA | 5/24/2016 | — | (149 | ) | (149 | ) | ||||||||
BNP PARIBAS SA | 5/24/2016 | — | (1 | ) | (1 | ) | ||||||||
BNP PARIBAS SA | 5/31/2016 | — | (146 | ) | (146 | ) | ||||||||
BNP PARIBAS SA | 5/31/2016 | — | (1 | ) | (1 | ) | ||||||||
BNP PARIBAS SA | 6/7/2016 | — | (200 | ) | (200 | ) | ||||||||
BNP PARIBAS SA | 6/7/2016 | — | (2 | ) | (2 | ) | ||||||||
BNP PARIBAS SA | 6/14/2016 | — | (208 | ) | (208 | ) | ||||||||
BNP PARIBAS SA | 6/14/2016 | — | (2 | ) | (2 | ) | ||||||||
BNP PARIBAS SA | 6/21/2016 | — | (171 | ) | (171 | ) | ||||||||
BNP PARIBAS SA | 6/21/2016 | — | (1 | ) | (1 | ) | ||||||||
BNP PARIBAS SA | 6/28/2016 | — | (288 | ) | (288 | ) | ||||||||
BNP PARIBAS SA | 6/28/2016 | — | (3 | ) | (3 | ) | ||||||||
WELLS FARGO & COMPANY | 7/5/2016 | — | (221 | ) | (221 | ) | ||||||||
WELLS FARGO & COMPANY | 7/5/2016 | — | (3 | ) | (3 | ) | ||||||||
BNP PARIBAS SA | 7/12/2016 | — | (170 | ) | (170 | ) | ||||||||
BNP PARIBAS SA | 7/12/2016 | — | (2 | ) | (2 | ) | ||||||||
WELLS FARGO & COMPANY | 7/19/2016 | — | (151 | ) | (151 | ) | ||||||||
WELLS FARGO & COMPANY | 7/19/2016 | — | (2 | ) | (2 | ) | ||||||||
WELLS FARGO & COMPANY | 7/26/2016 | — | (204 | ) | (204 | ) | ||||||||
WELLS FARGO & COMPANY | 7/26/2016 | — | (2 | ) | (2 | ) | ||||||||
WELLS FARGO & COMPANY | 8/2/2016 | — | (214 | ) | (214 | ) | ||||||||
WELLS FARGO & COMPANY | 8/2/2016 | — | (2 | ) | (2 | ) | ||||||||
BNP PARIBAS SA | 8/9/2016 | — | (223 | ) | (223 | ) | ||||||||
BNP PARIBAS SA | 8/9/2016 | — | (3 | ) | (3 | ) | ||||||||
BNP PARIBAS SA | 8/16/2016 | — | (250 | ) | (250 | ) | ||||||||
BNP PARIBAS SA | 8/16/2016 | — | (3 | ) | (3 | ) | ||||||||
WELLS FARGO & COMPANY | 8/23/2016 | — | (928 | ) | (928 | ) | ||||||||
WELLS FARGO & COMPANY | 8/23/2016 | — | (15 | ) | (15 | ) | ||||||||
WELLS FARGO & COMPANY | 8/22/2017 | — | (95 | ) | (95 | ) | ||||||||
WELLS FARGO & COMPANY | 8/21/2018 | — | (124 | ) | (124 | ) | ||||||||
F-83
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2015
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
BNP PARIBAS SA | 8/30/2016 | — | (830 | ) | (830 | ) | ||||||||
BNP PARIBAS SA | 8/30/2016 | — | (12 | ) | (12 | ) | ||||||||
BNP PARIBAS SA | 8/29/2017 | — | (66 | ) | (66 | ) | ||||||||
BNP PARIBAS SA | 8/28/2018 | — | (70 | ) | (70 | ) | ||||||||
BNP PARIBAS SA | 9/6/2016 | — | (600 | ) | (600 | ) | ||||||||
BNP PARIBAS SA | 9/6/2016 | — | (9 | ) | (9 | ) | ||||||||
WELLS FARGO & COMPANY | 9/13/2016 | — | (545 | ) | (545 | ) | ||||||||
WELLS FARGO & COMPANY | 9/13/2016 | — | (9 | ) | (9 | ) | ||||||||
WELLS FARGO & COMPANY | 9/20/2016 | — | (676 | ) | (676 | ) | ||||||||
WELLS FARGO & COMPANY | 9/20/2016 | — | (21 | ) | (21 | ) | ||||||||
BNP PARIBAS SA | 9/27/2016 | — | (864 | ) | (864 | ) | ||||||||
BNP PARIBAS SA | 9/27/2016 | — | (14 | ) | (14 | ) | ||||||||
WELLS FARGO & COMPANY | 10/4/2016 | — | (554 | ) | (554 | ) | ||||||||
WELLS FARGO & COMPANY | 10/4/2016 | — | (9 | ) | (9 | ) | ||||||||
BNP PARIBAS SA | 10/11/2016 | — | (509 | ) | (509 | ) | ||||||||
BNP PARIBAS SA | 10/11/2016 | — | (8 | ) | (8 | ) | ||||||||
WELLS FARGO & COMPANY | 10/18/2016 | — | (429 | ) | (429 | ) | ||||||||
WELLS FARGO & COMPANY | 10/18/2016 | — | (7 | ) | (7 | ) | ||||||||
BNP PARIBAS SA | 10/25/2016 | — | (331 | ) | (331 | ) | ||||||||
BNP PARIBAS SA | 10/25/2016 | — | (5 | ) | (5 | ) | ||||||||
BNP PARIBAS SA | 10/23/2018 | — | (46 | ) | (46 | ) | ||||||||
BNP PARIBAS SA | 11/1/2016 | — | (284 | ) | (284 | ) | ||||||||
BNP PARIBAS SA | 11/1/2016 | — | (4 | ) | (4 | ) | ||||||||
WELLS FARGO & COMPANY | 11/8/2016 | — | (302 | ) | (302 | ) | ||||||||
WELLS FARGO & COMPANY | 11/8/2016 | — | (5 | ) | (5 | ) | ||||||||
WELLS FARGO & COMPANY | 11/15/2016 | — | (365 | ) | (365 | ) | ||||||||
WELLS FARGO & COMPANY | 11/15/2016 | — | (7 | ) | (7 | ) | ||||||||
WELLS FARGO & COMPANY | 11/22/2016 | — | (309 | ) | (309 | ) | ||||||||
WELLS FARGO & COMPANY | 11/22/2016 | — | (5 | ) | (5 | ) | ||||||||
WELLS FARGO & COMPANY | 11/29/2016 | — | (257 | ) | (257 | ) | ||||||||
WELLS FARGO & COMPANY | 11/29/2016 | — | (5 | ) | (5 | ) | ||||||||
BNP PARIBAS SA | 12/6/2016 | — | (322 | ) | (322 | ) | ||||||||
BNP PARIBAS SA | 12/6/2016 | — | (6 | ) | (6 | ) | ||||||||
WELLS FARGO & COMPANY | 12/13/2016 | — | (459 | ) | (459 | ) | ||||||||
WELLS FARGO & COMPANY | 12/13/2016 | — | (7 | ) | (7 | ) | ||||||||
WELLS FARGO & COMPANY | 12/11/2018 | — | (51 | ) | (51 | ) | ||||||||
WELLS FARGO & COMPANY | 12/11/2018 | — | (5 | ) | (5 | ) | ||||||||
BNP PARIBAS SA | 12/20/2016 | — | (450 | ) | (450 | ) | ||||||||
BNP PARIBAS SA | 12/20/2016 | — | (8 | ) | (8 | ) | ||||||||
WELLS FARGO & COMPANY | 12/27/2016 | — | (376 | ) | (376 | ) | ||||||||
WELLS FARGO & COMPANY | 12/27/2016 | — | (6 | ) | (6 | ) | ||||||||
TOTAL WRITTEN OPTIONS | (14,928 | ) | (14,928 | ) | ||||||||||
F-84
Ameriprise Certificate Company
Schedule I — Investments in Securities of Unaffiliated Issuers (continued)
As of December 31, 2015
(in thousands)
Issuer | Maturity Date | Coupon Rate | Principal Amount of Bonds & Notes or # of Shares | Amortized Cost (Notes a & b) | Carrying Value (Note a) | ||||||
FUTURES | ||||||||||||||
S&P 500 EMINI FUT MARCH 2016 | 3/31/2016 | — | (4 | ) | (4 | ) | ||||||||
TOTAL FUTURES | (4 | ) | (4 | ) | ||||||||||
NONPERFORMANCE RISK ADJUSTMENTS | ||||||||||||||
NONPERFORMANCE RISK ADJUSTMENT | — | (9 | ) | (9 | ) | |||||||||
TOTAL NONPERFORMANCE RISK ADJUSTMENT | (9 | ) | (9 | ) | ||||||||||
TOTAL DERIVATIVES - NET | 3,561 | 3,561 | ||||||||||||
TOTAL INVESTMENTS IN CASH EQUIVALENTS, FIXED MATURITIES, COMMON STOCK, SYNDICATED LOANS AND DERIVATIVES | $ | 5,007,109 | $ | 4,977,252 | ||||||||||
NOTES
a) Cash equivalents are carried at amortized cost which approximates fair value. Fixed maturities and common stocks are carried at fair value. In the absence of quoted market prices, fair values are obtained from third party pricing services, non- binding broker quotes or other model-based valuation techniques. Syndicated loans are carried at amortized cost, less allowance for loan losses. Derivatives are carried at fair value. Options are traded in over-the-counter markets and valued using pricing models with market observable inputs. Futures are exchange-traded and valued using quoted prices in active markets. See notes to the financial statements regarding valuations.
b) For Federal income tax purposes, the cost of investments is $5.0 billion.
c) Securities written down due to other-than-temporary impairment related to credit losses.
d) Non-Income producing securities.
F-85
Ameriprise Certificate Company
Schedule III — Mortgage Loans on Real Estate and Interest Earned on Mortgages
As of December 31, 2016
(in thousands)
Part 1 - Mortgage loans on real estate at end of period Part 2 - Interest earned on mortgages | Carrying amount of mortgages (c) | Amount of principal unpaid at end of period | Amount of mortgages being foreclosed | Interest due and accrued at end of period | Average gross rate of interest on mortgages held at end of period (e) | ||||||||||||||||||||||||||||
Loan No. | Description (a) | Property Location | Number of loans | Prior liens (b) | Total | Subject to delinquent interest (d) | |||||||||||||||||||||||||||
Other - liens on: | |||||||||||||||||||||||||||||||||
Apartment and business: | |||||||||||||||||||||||||||||||||
Over $500: | |||||||||||||||||||||||||||||||||
121047195 | Pharr | TX | 1 | $ | — | $ | 1,175 | $ | 1,175 | $ | — | $ | — | $ | 3 | 3.530 | % | ||||||||||||||||
121047196 | Pharr | TX | 1 | — | 2,628 | 2,628 | — | — | 8 | 3.530 | |||||||||||||||||||||||
121047197 | Alamo | TX | 1 | — | 602 | 602 | — | — | 2 | 3.530 | |||||||||||||||||||||||
121047210 | West Haven | CT | 1 | — | 4,700 | 4,700 | — | — | — | 3.600 | |||||||||||||||||||||||
121047262 | Fargo | ND | 1 | — | 6,147 | 6,147 | — | — | 28 | 5.440 | |||||||||||||||||||||||
121047343 | Durham | NC | 1 | — | 1,550 | 1,550 | — | — | 5 | 4.000 | |||||||||||||||||||||||
121047364 | Kansas City | KS | 1 | — | 1,106 | 1,106 | — | — | 3 | 3.110 | |||||||||||||||||||||||
121047377 | Cookville | TN | 1 | — | 1,868 | 1,868 | — | — | 5 | 3.500 | |||||||||||||||||||||||
121087245 | Southport | CT | 1 | — | 2,724 | 2,724 | — | — | 13 | 5.750 | |||||||||||||||||||||||
121087290 | Doraville | GA | 1 | — | 1,193 | 1,193 | — | — | 6 | 5.770 | |||||||||||||||||||||||
121087313 | Orchard Park | NY | 1 | — | 2,885 | 2,885 | — | — | 10 | 4.050 | |||||||||||||||||||||||
121087327 | Marietta | GA | 1 | — | 1,877 | 1,877 | — | — | 5 | 3.410 | |||||||||||||||||||||||
121087344 | Norcross | GA | 1 | — | 1,680 | 1,680 | — | — | 5 | 3.380 | |||||||||||||||||||||||
121087345 | Henderson | NV | 1 | — | 4,955 | 4,955 | — | — | 19 | 4.500 | |||||||||||||||||||||||
121087347 | Lawrenceville | GA | 1 | — | 863 | 863 | — | — | 3 | 4.650 | |||||||||||||||||||||||
121087349 | Carlsbad | CA | 1 | — | 1,859 | 1,859 | — | — | 5 | 3.000 | |||||||||||||||||||||||
121087351 | Gardena | CA | 1 | — | 1,044 | 1,044 | — | — | 4 | 4.450 | |||||||||||||||||||||||
121087353 | Beaverton | OR | 1 | — | 514 | 514 | — | — | 2 | 4.450 | |||||||||||||||||||||||
121087355 | Oregon City | OR | 1 | — | 1,104 | 1,104 | — | — | 3 | 3.460 | |||||||||||||||||||||||
121087358 | Philadelphia | PA | 1 | — | 4,100 | 4,100 | — | — | 12 | 3.450 | |||||||||||||||||||||||
121087359 | Apex | NC | 1 | — | 692 | 692 | — | — | 2 | 3.520 | |||||||||||||||||||||||
121087360 | Sun City Center | FL | 1 | — | 4,193 | 4,193 | — | — | 12 | 3.300 | |||||||||||||||||||||||
121087361 | Oswego | OR | 1 | — | 2,984 | 2,984 | — | — | 9 | 3.480 | |||||||||||||||||||||||
121087362 | Atlanta | GA | 1 | — | 2,099 | 2,099 | — | — | 6 | 3.580 | |||||||||||||||||||||||
121087365 | Fairfax | VA | 1 | — | 1,872 | 1,872 | — | — | 6 | 3.610 | |||||||||||||||||||||||
121087366 | Murray | UT | 1 | — | 895 | 895 | — | — | — | 3.310 | |||||||||||||||||||||||
121087367 | Port Richey | FL | 1 | — | 3,123 | 3,123 | — | — | 9 | 3.590 | |||||||||||||||||||||||
121087368 | Norwich | NY | 1 | — | 1,010 | 1,010 | — | — | 3 | 3.170 | |||||||||||||||||||||||
121087369 | Ackworth | GA | 1 | — | 1,509 | 1,509 | — | — | 4 | 3.290 | |||||||||||||||||||||||
121087370 | La Jolla | CA | 1 | — | 941 | 941 | — | — | 3 | 3.260 | |||||||||||||||||||||||
121087371 | Bulverde | TX | 1 | — | 1,220 | 1,220 | — | — | 3 | 3.000 | |||||||||||||||||||||||
121087372 | Brea | CA | 1 | — | 3,098 | 3,098 | — | — | 8 | 2.940 | |||||||||||||||||||||||
121087373 | Dekalb | GA | 1 | — | 1,271 | 1,271 | — | — | 3 | 3.220 | |||||||||||||||||||||||
121087374 | Fort Payne | AL | 1 | — | 1,739 | 1,739 | — | — | 5 | 3.210 | |||||||||||||||||||||||
121087375 | Florence | KY | 1 | — | 1,901 | 1,901 | — | — | 5 | 3.040 | |||||||||||||||||||||||
121087376 | Sterling Heights | MI | 1 | — | 3,043 | 3,043 | — | — | 9 | 3.620 | |||||||||||||||||||||||
121087378 | Pittsburgh | PA | 1 | — | 2,886 | 2,886 | — | — | 9 | 3.690 | |||||||||||||||||||||||
121087379 | Euless | TX | 1 | — | 1,549 | 1,549 | — | — | 4 | 3.700 | |||||||||||||||||||||||
121087380 | Virginia Beach | VA | 1 | — | 1,925 | 1,925 | — | — | 4 | 3.400 | |||||||||||||||||||||||
121087381 | San Diego | CA | 1 | — | 4,967 | 4,967 | — | — | 13 | 3.130 | |||||||||||||||||||||||
Total Other | 40 | — | 87,491 | 87,491 | — | — | 258 | 3.763 | |||||||||||||||||||||||||
Unallocated Reserve for Losses | 2,341 | ||||||||||||||||||||||||||||||||
Total First Mortgage Loans on Real Estate | 40 | $ | — | $ | 85,150 | $ | 87,491 | $ | — | $ | — | $ | 258 | 3.763 | % | ||||||||||||||||||
F-86
Ameriprise Certificate Company
Schedule III — Mortgage Loans on Real Estate and Interest Earned on Mortgages (continued)
As of December 31, 2016
(in thousands)
Part 3 - Location of mortgaged properties | Carrying amount of mortgages (c) | Amount of principal unpaid at end of period | Amount of mortgages being foreclosed | ||||||||||||||||||||
State in which mortgaged property is located | Number of loans | Prior liens (b) | Total | Subject to delinquent interest (d) | |||||||||||||||||||
Alabama | AL | 1 | $ | — | $ | 1,739 | $ | 1,739 | $ | — | $ | — | |||||||||||
California | CA | 5 | — | 11,911 | 11,911 | — | — | ||||||||||||||||
Connecticut | CT | 2 | — | 7,424 | 7,424 | — | — | ||||||||||||||||
Florida | FL | 2 | — | 7,316 | 7,316 | — | — | ||||||||||||||||
Georgia | GA | 7 | — | 10,491 | 10,491 | — | — | ||||||||||||||||
Kansas | KS | 1 | — | 1,106 | 1,106 | — | — | ||||||||||||||||
Kentucky | KY | 1 | — | 1,901 | 1,901 | — | — | ||||||||||||||||
Michigan | MI | 1 | — | 3,043 | 3,043 | — | — | ||||||||||||||||
North Carolina | NC | 2 | — | 2,242 | 2,242 | — | — | ||||||||||||||||
North Dakota | ND | 1 | — | 6,147 | 6,147 | — | — | ||||||||||||||||
Nevada | NV | 1 | — | 4,955 | 4,955 | — | — | ||||||||||||||||
New York | NY | 2 | — | 3,895 | 3,895 | — | — | ||||||||||||||||
Oregon | OR | 3 | — | 4,601 | 4,601 | — | — | ||||||||||||||||
Pennsylvania | PA | 2 | — | 6,986 | 6,986 | — | — | ||||||||||||||||
Tennessee | TN | 1 | — | 1,868 | 1,868 | — | — | ||||||||||||||||
Texas | TX | 5 | — | 7,174 | 7,174 | — | — | ||||||||||||||||
Utah | UT | 1 | — | 895 | 895 | — | — | ||||||||||||||||
Virginia | VA | 2 | — | 3,797 | 3,797 | — | — | ||||||||||||||||
Total | 40 | — | 87,491 | 87,491 | — | — | |||||||||||||||||
Unallocated Reserve for Losses | 2,341 | ||||||||||||||||||||||
Total | 40 | $ | — | $ | 85,150 | $ | 87,491 | $ | — | $ | — | ||||||||||||
NOTES: (a) The classification “residential” includes single dwellings only. Residential multiple dwellings are included in “apartment and business”. (b) Real estate taxes and easements, which in the opinion of ACC are not undue burden on the properties, have been excluded from the determination of “prior liens”. (c) In this Schedule III, carrying amount of mortgage loans represents unpaid principal balances plus unamortized premiums less unamortized discounts and reserve for loss. (d) Interest in arrears for less than three months has been disregarded in computing the total amount of principal subject to delinquent interest. The amounts of mortgage loans being foreclosed are also included in amounts subject to delinquent interest. (e) Information as to interest income by type and class of loan has been omitted because it is not readily available and the obtaining thereof would involve unreasonable effort and expense. In lieu thereof, the average gross interest rates (exclusive of amortization of discounts and premiums) on mortgage loans held at December 31, 2016 are shown by type and class of loan. | |||||||||||||||||||||||
F-87
Ameriprise Certificate Company
Schedule III — Mortgage Loans on Real Estate and Interest Earned on Mortgages
As of December 31, 2015
(in thousands)
Part 1 - Mortgage loans on real estate at end of period Part 2 - Interest earned on mortgages | Carrying amount of mortgages (c) | Amount of principal unpaid at end of period | Amount of mortgages being foreclosed | Interest due and accrued at end of period | Average gross rate of interest on mortgages held at end of period (e) | ||||||||||||||||||||||||||||
Loan No. | Description (a) | Property Location | Number of loans | Prior liens (b) | Total | Subject to delinquent interest (d) | |||||||||||||||||||||||||||
Other - liens on: | |||||||||||||||||||||||||||||||||
Apartment and business: | |||||||||||||||||||||||||||||||||
Over $500: | |||||||||||||||||||||||||||||||||
121047195 | Pharr | TX | 1 | $ | — | $ | 1,333 | $ | 1,333 | $ | — | $ | — | $ | 4 | 3.530 | % | ||||||||||||||||
121047196 | Pharr | TX | 1 | — | 2,981 | 2,981 | — | — | 9 | 3.530 | |||||||||||||||||||||||
121047197 | Alamo | TX | 1 | — | 683 | 683 | — | — | 2 | 3.530 | |||||||||||||||||||||||
121047210 | West Haven | CT | 1 | — | 4,715 | 4,715 | — | — | 17 | 4.250 | |||||||||||||||||||||||
121047215 | Urbandale | IA | 1 | — | 903 | 903 | — | — | 3 | 3.750 | |||||||||||||||||||||||
121047216 | Urbandale | IA | 1 | — | 711 | 711 | — | — | 2 | 3.750 | |||||||||||||||||||||||
121047262 | Fargo | ND | 1 | — | 6,628 | 6,628 | — | — | 30 | 5.440 | |||||||||||||||||||||||
121047343 | Durham | NC | 1 | — | 1,663 | 1,663 | — | — | 6 | 4.000 | |||||||||||||||||||||||
121047364 | Kansas City | KS | 1 | — | 1,143 | 1,143 | — | — | 3 | 3.110 | |||||||||||||||||||||||
121047377 | Cookville | TN | 1 | — | 2,100 | 2,100 | — | — | 6 | 3.500 | |||||||||||||||||||||||
121087245 | Southport | CT | 1 | — | 2,829 | 2,829 | — | — | 14 | 5.750 | |||||||||||||||||||||||
121087268 | Sebring | FL | 1 | — | 6,799 | 6,799 | — | — | 34 | 6.000 | |||||||||||||||||||||||
121087290 | Doraville | GA | 1 | — | 1,369 | 1,369 | — | — | 7 | 5.770 | |||||||||||||||||||||||
121087313 | Orchard Park | NY | 1 | — | 2,532 | 2,532 | — | — | 12 | 5.460 | |||||||||||||||||||||||
121087327 | Marietta | GA | 1 | — | 1,937 | 1,937 | — | — | 6 | 3.410 | |||||||||||||||||||||||
121087344 | Norcross | GA | 1 | — | 1,746 | 1,746 | — | — | 5 | 3.380 | |||||||||||||||||||||||
121087345 | Henderson | NV | 1 | — | 5,320 | 5,320 | — | — | 20 | 4.500 | |||||||||||||||||||||||
121087347 | Lawrenceville | GA | 1 | — | 1,031 | 1,031 | — | — | 4 | 4.650 | |||||||||||||||||||||||
121087349 | Carlsbad | CA | 1 | — | 1,928 | 1,928 | — | — | 5 | 3.000 | |||||||||||||||||||||||
121087350 | Norwalk | CA | 1 | — | 4,034 | 4,034 | — | — | — | 4.670 | |||||||||||||||||||||||
121087351 | Gardena | CA | 1 | — | 1,241 | 1,241 | — | — | 5 | 4.450 | |||||||||||||||||||||||
121087353 | Beaverton | OR | 1 | — | 612 | 612 | — | — | 2 | 4.450 | |||||||||||||||||||||||
121087354 | San Diego | CA | 1 | — | 7,836 | 7,836 | — | — | 20 | 3.000 | |||||||||||||||||||||||
121087355 | Oregon City | OR | 1 | — | 1,346 | 1,346 | — | — | 4 | 3.460 | |||||||||||||||||||||||
121087358 | Philadelphia | PA | 1 | — | 2,324 | 2,324 | — | — | 7 | 3.590 | |||||||||||||||||||||||
121087359 | Apex | NC | 1 | — | 808 | 808 | — | — | 2 | 3.520 | |||||||||||||||||||||||
121087360 | Sun City Center | FL | 1 | — | 4,175 | 4,175 | — | — | 15 | 4.350 | |||||||||||||||||||||||
121087361 | Oswego | OR | 1 | — | 3,452 | 3,452 | — | — | 10 | 3.480 | |||||||||||||||||||||||
121087362 | Atlanta | GA | 1 | — | 2,197 | 2,197 | — | — | 7 | 3.580 | |||||||||||||||||||||||
121087365 | Fairfax | VA | 1 | — | 1,931 | 1,931 | — | — | 6 | 3.610 | |||||||||||||||||||||||
121087366 | Murray | UT | 1 | — | 1,027 | 1,027 | — | — | — | 3.310 | |||||||||||||||||||||||
121087367 | Port Richey | FL | 1 | — | 3,334 | 3,334 | — | — | 10 | 3.590 | |||||||||||||||||||||||
121087368 | Norwich | NY | 1 | — | 1,622 | 1,622 | — | — | 4 | 3.170 | |||||||||||||||||||||||
121087369 | Ackworth | GA | 1 | — | 1,578 | 1,578 | — | — | 4 | 3.290 | |||||||||||||||||||||||
121087370 | La Jolla | CA | 1 | — | 1,100 | 1,100 | — | — | 3 | 3.260 | |||||||||||||||||||||||
121087371 | Bulverde | TX | 1 | — | 1,381 | 1,381 | — | — | 3 | 3.000 | |||||||||||||||||||||||
121087372 | Brea | CA | 1 | — | 3,167 | 3,167 | — | — | 8 | 2.940 | |||||||||||||||||||||||
121087373 | Dekalb | GA | 1 | — | 1,403 | 1,403 | — | — | 4 | 3.220 | |||||||||||||||||||||||
121087374 | Fort Payne | AL | 1 | — | 1,914 | 1,914 | — | — | 4 | 3.210 | |||||||||||||||||||||||
F-88
Ameriprise Certificate Company
Schedule III — Mortgage Loans on Real Estate and Interest Earned on Mortgages (continued)
As of December 31, 2015
(in thousands)
Part 1 - Mortgage loans on real estate at end of period Part 2 - Interest earned on mortgages | Carrying amount of mortgages (c) | Amount of principal unpaid at end of period | Amount of mortgages being foreclosed | Interest due and accrued at end of period | Average gross rate of interest on mortgages held at end of period (e) | ||||||||||||||||||||||||||||
Loan No. | Description (a) | Property Location | Number of loans | Prior liens (b) | Total | Subject to delinquent interest (d) | |||||||||||||||||||||||||||
121087375 | Florence | KY | 1 | — | 2,092 | 2,092 | — | — | 4 | 3.040 | |||||||||||||||||||||||
121087376 | Sterling Heights | MI | 1 | — | 3,326 | 3,326 | — | — | 9 | 3.620 | |||||||||||||||||||||||
Total Other | 41 | — | 100,251 | 100,251 | — | — | 320 | 4.054 | |||||||||||||||||||||||||
Unallocated Reserve for Losses | 2,341 | ||||||||||||||||||||||||||||||||
Total First Mortgage Loans on Real Estate | 41 | $ | — | $ | 97,910 | $ | 100,251 | $ | — | $ | — | $ | 320 | 4.054 | % | ||||||||||||||||||
Part 3 - Location of mortgaged properties | Carrying amount of mortgages (c) | Amount of principal unpaid at end of period | Amount of mortgages being foreclosed | ||||||||||||||||||||
State in which mortgaged property is located | Number of loans | Prior liens (b) | Total | Subject to delinquent interest (d) | |||||||||||||||||||
Alabama | AL | 1 | $ | — | $ | 1,914 | $ | 1,914 | $ | — | $ | — | |||||||||||
California | CA | 6 | — | 19,306 | 19,306 | — | — | ||||||||||||||||
Connecticut | CT | 2 | — | 7,544 | 7,544 | — | — | ||||||||||||||||
Florida | FL | 3 | — | 14,308 | 14,308 | — | — | ||||||||||||||||
Georgia | GA | 7 | — | 11,261 | 11,261 | — | — | ||||||||||||||||
Iowa | IA | 2 | — | 1,614 | 1,614 | — | — | ||||||||||||||||
Kansas | KS | 1 | — | 1,143 | 1,143 | — | — | ||||||||||||||||
Kentucky | KY | 1 | — | 2,092 | 2,092 | — | — | ||||||||||||||||
Michigan | MI | 1 | — | 3,326 | 3,326 | — | — | ||||||||||||||||
North Carolina | NC | 2 | — | 2,471 | 2,471 | — | — | ||||||||||||||||
North Dakota | ND | 1 | — | 6,628 | 6,628 | — | — | ||||||||||||||||
Nevada | NV | 1 | — | 5,320 | 5,320 | — | — | ||||||||||||||||
New York | NY | 2 | — | 4,154 | 4,154 | — | — | ||||||||||||||||
Oregon | OR | 3 | — | 5,410 | 5,410 | — | — | ||||||||||||||||
Pennsylvania | PA | 1 | — | 2,324 | 2,324 | — | — | ||||||||||||||||
Tennessee | TN | 1 | — | 2,100 | 2,100 | — | — | ||||||||||||||||
Texas | TX | 4 | — | 6,378 | 6,378 | — | — | ||||||||||||||||
Utah | UT | 1 | — | 1,027 | 1,027 | — | — | ||||||||||||||||
Virginia | VA | 1 | — | 1,931 | 1,931 | — | — | ||||||||||||||||
Total | 41 | — | 100,251 | 100,251 | — | — | |||||||||||||||||
Unallocated Reserve for Losses | 2,341 | ||||||||||||||||||||||
Total | 41 | $ | — | $ | 97,910 | $ | 100,251 | $ | — | $ | — | ||||||||||||
NOTES: (a) The classification “residential” includes single dwellings only. Residential multiple dwellings are included in “apartment and business”. (b) Real estate taxes and easements, which in the opinion of ACC are not undue burden on the properties, have been excluded from the determination of “prior liens”. (c) In this Schedule III, carrying amount of mortgage loans represents unpaid principal balances plus unamortized premiums less unamortized discounts and reserve for loss. (d) Interest in arrears for less than three months has been disregarded in computing the total amount of principal subject to delinquent interest. The amounts of mortgage loans being foreclosed are also included in amounts subject to delinquent interest. (e) Information as to interest income by type and class of loan has been omitted because it is not readily available and the obtaining thereof would involve unreasonable effort and expense. In lieu thereof, the average gross interest rates (exclusive of amortization of discounts and premiums) on mortgage loans held at December 31, 2015 are shown by type and class of loan. | |||||||||||||||||||||||
F-89
Ameriprise Certificate Company
Schedule III — Mortgage Loans on Real Estate and Interest Earned on Mortgages
Years Ended December 31, 2016, 2015 and 2014
(in thousands)
The average gross interest rates on mortgage loans held at December 31, 2016, 2015 and 2014 are summarized as follows:
2016 | 2015 | 2014 | ||||||
Combined average | 3.763 | % | 4.054 | % | 4.275 | % | ||
(g) Following is a reconciliation of the carrying amount of mortgage loans for the years ended December 31, 2016, 2015 and 2014.
2016 | 2015 | 2014 | |||||||||
Balance at beginning of period | $ | 97,910 | $ | 94,632 | $ | 115,871 | |||||
Deductions during period: | |||||||||||
Collections of principal | 26,924 | 13,208 | 22,788 | ||||||||
Purchases and fundings | (14,164 | ) | (16,486 | ) | (1,549 | ) | |||||
Transfers | — | — | — | ||||||||
Total deductions | 12,760 | (3,278 | ) | 21,239 | |||||||
Balance at end of period | $ | 85,150 | $ | 97,910 | $ | 94,632 | |||||
(h) The aggregate cost of mortgage loans for federal income tax purposes at December 31, 2016 was $87,491.
(i) At December 31, 2016, an unallocated reserve for loss on first mortgage loans of $2,341 is recorded.
F-90
Ameriprise Certificate Company
Schedule V — Qualified Assets on Deposit
As of December 31, 2016 and 2015
(in thousands)
December 31, 2016 | ||||||||||||||||||||
Investment Securities | ||||||||||||||||||||
Name of Depositary | Bonds and Notes (a) | Stocks (b) | Mortgage Loans (c) | Other (d) | Total | |||||||||||||||
Deposits with states or their depositories to meet requirements of statutes and agreements: | ||||||||||||||||||||
Illinois - Secretary of State of Illinois | $ | 50 | $ | — | $ | — | $ | — | $ | 50 | ||||||||||
New Jersey - Commissioner of Banking and Insurance of New Jersey | 53 | — | — | — | 53 | |||||||||||||||
Pennsylvania - Treasurer of the State of Pennsylvania | 159 | — | — | — | 159 | |||||||||||||||
Texas - Treasurer of the State of Texas | 100 | — | — | — | 100 | |||||||||||||||
Total State Deposits to meet requirements of statutes and agreements | 362 | — | — | — | 362 | |||||||||||||||
Total Central Depository - Ameriprise Trust Company | 6,077,080 | 6,609 | 85,150 | 81,697 | 6,250,536 | |||||||||||||||
Total Deposits | $ | 6,077,442 | $ | 6,609 | $ | 85,150 | $ | 81,697 | $ | 6,250,898 | ||||||||||
Notes: (a) Represents amortized cost of bonds, notes and cash equivalents. (b) Represents fair value of common stocks. (c) Represents unpaid principal balance of mortgage loans less unamortized discounts and reserve for losses. (d) Represents cost of syndicated loans and payable for investment securities purchased. | ||||||||||||||||||||
December 31, 2015 | ||||||||||||||||||||
Investment Securities | ||||||||||||||||||||
Name of Depositary | Bonds and Notes (a) | Stocks (b) | Mortgage Loans (c) | Other (d) | Total | |||||||||||||||
Deposits with states or their depositories to meet requirements of statutes and agreements: | ||||||||||||||||||||
Illinois - Secretary of State of Illinois | $ | 50 | $ | — | $ | — | $ | — | $ | 50 | ||||||||||
New Jersey - Commissioner of Banking and Insurance of New Jersey | 53 | — | — | — | 53 | |||||||||||||||
Pennsylvania - Treasurer of the State of Pennsylvania | 159 | — | — | — | 159 | |||||||||||||||
Texas - Treasurer of the State of Texas | 100 | — | — | — | 100 | |||||||||||||||
Total State Deposits to meet requirements of statutes and agreements | 362 | — | — | — | 362 | |||||||||||||||
Total Central Depository - Ameriprise Trust Company | 4,902,438 | 6,237 | 97,910 | 96,681 | 5,103,266 | |||||||||||||||
Total Deposits | $ | 4,902,800 | $ | 6,237 | $ | 97,910 | $ | 96,681 | $ | 5,103,628 | ||||||||||
Notes: (a) Represents amortized cost of bonds, notes and cash equivalents. (b) Represents fair value of common stocks. (c) Represents unpaid principal balance of mortgage loans less unamortized discounts and reserve for losses. (d) Represents cost of syndicated loans and payable for investment securities purchased. | ||||||||||||||||||||
F-91
Ameriprise Certificate Company
Schedule VI — Certificate Reserves
Year Ended December 31, 2016
(in thousands)
Part 1 - Summary of Changes | |||||||||||||||||||||||||||||||||||||||
Description | December 31, 2016 | ||||||||||||||||||||||||||||||||||||||
Yield to maturity on an annual payment basis | Balance at beginning of period | Additions | Deductions | Balance at close of period | |||||||||||||||||||||||||||||||||||
No. of accounts with security holders | Amount of maturity value | Amount of reserves | Charged to profit and loss or income | Reserve payments by certificate holders | Charged to other accounts (per part 2) | Maturities | Cash surrenders prior to maturity | Credited to other accounts (per part 2) | Number of accounts with security holders | Amount of maturity value | Amount of reserves | ||||||||||||||||||||||||||||
Installment certificates: | |||||||||||||||||||||||||||||||||||||||
Reserves to mature: | |||||||||||||||||||||||||||||||||||||||
IC-I-EMP | 1 | $ | 6 | $ | 13 | $ | — | $ | — | $ | — | $ | (13 | ) | $ | — | $ | — | — | $ | — | $ | — | ||||||||||||||||
Inst I95 | 1,529 | — | 13,515 | — | 3,747 | 66 | (1,118 | ) | (4,306 | ) | 1,290 | — | 11,904 | ||||||||||||||||||||||||||
Inst-E | 10 | — | 137 | — | 39 | 1 | (35 | ) | 11 | — | 142 | ||||||||||||||||||||||||||||
RP-Q-Installment | 1 | 6 | 4 | — | — | — | — | — | — | 1 | 6 | 4 | |||||||||||||||||||||||||||
RP-Q-Flexible Payment | 1 | 12 | 11 | — | — | — | — | — | — | 1 | 12 | 11 | |||||||||||||||||||||||||||
RP-Q-Ins | 2 | 12 | 2 | — | — | — | — | — | — | 2 | 12 | 2 | |||||||||||||||||||||||||||
Inst-R | 232 | 41,317 | 1,395 | — | 215 | 7 | (43 | ) | (342 | ) | — | 203 | 35,358 | 1,232 | |||||||||||||||||||||||||
Inst-R-E | 2 | 2,058 | 122 | — | 53 | 1 | — | (2 | ) | — | 1 | 2,052 | 174 | ||||||||||||||||||||||||||
Total | 1,778 | 43,411 | 15,199 | — | 4,054 | 75 | (1,174 | ) | (4,685 | ) | — | 1,509 | 37,440 | 13,469 | |||||||||||||||||||||||||
Additional credits and accrued interest thereon: | |||||||||||||||||||||||||||||||||||||||
Inst I95 | — | — | — | 66 | — | — | — | — | (66 | ) | — | — | — | ||||||||||||||||||||||||||
Inst-E | — | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | ||||||||||||||||||||||||||
Inst-R | — | — | — | 7 | — | — | — | — | (7 | ) | — | — | — | ||||||||||||||||||||||||||
Inst-R-E | — | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | ||||||||||||||||||||||||||
Total | — | — | — | 75 | — | — | — | — | (75 | ) | — | — | — | ||||||||||||||||||||||||||
Res for accrued 3rd year 2113 - Install-ment Prod only. | — | — | 5 | — | (2 | ) | — | — | — | — | — | — | 3 | ||||||||||||||||||||||||||
Total | — | — | 5 | — | (2 | ) | — | — | — | — | — | — | 3 | ||||||||||||||||||||||||||
Total Installment Certificates | 1,778 | 43,411 | 15,204 | 75 | 4,052 | 75 | (1,174 | ) | (4,685 | ) | (75 | ) | 1,509 | 37,440 | 13,472 | ||||||||||||||||||||||||
Single Pay - Non Qualified Certificates | |||||||||||||||||||||||||||||||||||||||
Single-Payment certificates: | |||||||||||||||||||||||||||||||||||||||
IC-2-84 0 115, 116, 117, 118, 119 | 3.5 | 1 | 2 | 2 | — | — | — | — | (2 | ) | — | — | — | — | |||||||||||||||||||||||||
IC-2-85 -120,121, 122, 123, 124, 125, 126, 127, 128, 129, 130 | 3.5 | 1 | 14 | 14 | — | — | — | — | (14 | ) | — | — | — | — | |||||||||||||||||||||||||
IC-Flexible Savings (Variable Term) - 165 | 64,224 | 1,551,554 | 1,607,607 | — | 1,088,398 | 17,077 | (2,809 | ) | (660,445 | ) | — | 71,492 | 1,991,401 | 2,049,828 | |||||||||||||||||||||||||
IC-Stepup - 190 | 145 | 4,412 | 4,423 | — | 6,576 | 87 | — | (44 | ) | — | 315 | 10,947 | 11,042 | ||||||||||||||||||||||||||
IC-Flexible Savings Emp (VT) - 166 | 24 | 348 | 404 | — | — | 2 | (52 | ) | (258 | ) | — | 8 | 66 | 96 | |||||||||||||||||||||||||
Cash Reserve Variable PMT-3mo. - 662 | 45,755 | 1,600,119 | 1,605,541 | — | 1,914,124 | 4,877 | (1,650 | ) | (1,699,178 | ) | — | 54,990 | 1,817,728 | 1,823,714 | |||||||||||||||||||||||||
IC-Stock Market - 180 | 17,348 | 142,750 | 157,395 | — | 612 | 931 | (2,773 | ) | (33,363 | ) | — | 14,130 | 110,851 | 122,802 | |||||||||||||||||||||||||
IC-MSC - 181 | 10,741 | 203,532 | 226,367 | — | 6,871 | 1,391 | — | (32,318 | ) | — | 9,601 | 181,526 | 202,311 | ||||||||||||||||||||||||||
IC-Stock1 - 210 | 1,366 | 19,660 | 19,660 | — | 38,080 | 210 | — | (8,145 | ) | — | 4,006 | 49,670 | 49,805 | ||||||||||||||||||||||||||
IC-Stock2 - 220 | 263 | 4,715 | 4,715 | — | 8,869 | — | — | (307 | ) | — | 721 | 13,276 | 13,277 | ||||||||||||||||||||||||||
IC-Stock3 - 230 | 285 | 6,943 | 6,943 | — | 9,324 | — | — | (268 | ) | — | 819 | 15,998 | 15,999 | ||||||||||||||||||||||||||
Total | 140,153 | 3,534,049 | 3,633,071 | — | 3,072,854 | 24,575 | (7,284 | ) | (2,434,342 | ) | — | 156,082 | 4,191,463 | 4,288,874 | |||||||||||||||||||||||||
Additional credits and accrued interest thereon: | |||||||||||||||||||||||||||||||||||||||
IC-2-84 | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | — | ||||||||||||||||||||||||||
IC-Flexible Savings | — | — | 571 | 17,748 | — | — | — | (514 | ) | (17,084 | ) | — | — | 721 | |||||||||||||||||||||||||
IC-Preferred Investors | — | — | 1 | — | — | — | — | — | — | — | — | 1 | |||||||||||||||||||||||||||
IC-Stepup - 190 | — | — | 2 | 93 | — | — | — | (3 | ) | (87 | ) | — | — | 5 | |||||||||||||||||||||||||
F-92
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2016
(in thousands)
Part 1 - Summary of Changes | |||||||||||||||||||||||||||||||||||||||
Description | December 31, 2016 | ||||||||||||||||||||||||||||||||||||||
Yield to maturity on an annual payment basis | Balance at beginning of period | Additions | Deductions | Balance at close of period | |||||||||||||||||||||||||||||||||||
No. of accounts with security holders | Amount of maturity value | Amount of reserves | Charged to profit and loss or income | Reserve payments by certificate holders | Charged to other accounts (per part 2) | Maturities | Cash surrenders prior to maturity | Credited to other accounts (per part 2) | Number of accounts with security holders | Amount of maturity value | Amount of reserves | ||||||||||||||||||||||||||||
IC-FS-EMP | — | — | 1 | 2 | — | — | — | (1 | ) | (2 | ) | — | — | — | |||||||||||||||||||||||||
Cash Reserve Variable Payment-3mo. | — | — | 199 | 5,696 | — | — | — | (789 | ) | (4,879 | ) | — | — | 227 | |||||||||||||||||||||||||
IC-Stk Mkt, 2004/16/31-4000/16 | — | — | 21 | 31 | — | — | — | (1 | ) | (32 | ) | — | — | 19 | |||||||||||||||||||||||||
IC-Stock1 - 210 | — | — | 1 | 7 | — | — | — | — | (4 | ) | — | — | 4 | ||||||||||||||||||||||||||
IC-Stock2 - 220 | — | — | — | 3 | — | — | — | — | — | — | — | 3 | |||||||||||||||||||||||||||
IC-Stock3 - 230 | — | — | 1 | 8 | — | — | — | — | — | — | — | 9 | |||||||||||||||||||||||||||
IC-MSC | — | — | 11 | 41 | — | — | — | — | (39 | ) | — | — | 13 | ||||||||||||||||||||||||||
Total | — | — | 809 | 23,629 | — | — | — | (1,309 | ) | (22,127 | ) | — | — | 1,002 | |||||||||||||||||||||||||
Accrued for additional credits to be allowed at next anniversaries: | |||||||||||||||||||||||||||||||||||||||
SP 75 | — | — | (1 | ) | — | — | — | — | — | — | — | — | (1 | ) | |||||||||||||||||||||||||
IC-Stock | — | — | 478 | 2,368 | — | — | — | (9 | ) | (899 | ) | — | — | 1,938 | |||||||||||||||||||||||||
IC-Stock1 - 210 | — | — | 78 | 879 | — | — | — | — | (206 | ) | — | — | 751 | ||||||||||||||||||||||||||
IC-Stock2 - 220 | — | — | 60 | 374 | — | — | — | — | — | — | — | 434 | |||||||||||||||||||||||||||
IC-Stock3 - 230 | — | — | 130 | 815 | — | — | — | — | — | — | — | 945 | |||||||||||||||||||||||||||
IC-Market Strategy Certificate - Part Int 2019/2102/4061 | — | — | 624 | 3,580 | — | — | — | (35 | ) | (1,353 | ) | — | — | 2,816 | |||||||||||||||||||||||||
Total | — | — | 1,369 | 8,016 | — | — | — | (44 | ) | (2,458 | ) | — | — | 6,883 | |||||||||||||||||||||||||
Total Single Pay - Non Qualified Certificates | 140,153 | 3,534,049 | 3,635,249 | 31,645 | 3,072,854 | 24,575 | (7,284 | ) | (2,435,695 | ) | (24,585 | ) | 156,082 | 4,191,463 | 4,296,759 | ||||||||||||||||||||||||
R-Series Single Pay - Qualified Certificates | |||||||||||||||||||||||||||||||||||||||
R-77 - 910 | 3.5 | 3 | 12 | 20 | — | — | 1 | — | — | — | 3 | 12 | 21 | ||||||||||||||||||||||||||
R-78 - 911 | 3.5 | 6 | 41 | 58 | — | — | 2 | — | — | — | 6 | 41 | 60 | ||||||||||||||||||||||||||
R-79 - 912 | 3.5 | 5 | 40 | 57 | — | — | 2 | — | (1 | ) | — | 5 | 40 | 58 | |||||||||||||||||||||||||
R-80 - 913 | 3.5 | 4 | 26 | 32 | — | — | 1 | — | — | — | 4 | 26 | 33 | ||||||||||||||||||||||||||
R-81 - 914 | 3.5 | 3 | 26 | 31 | — | — | 1 | — | (1 | ) | — | 2 | 24 | 31 | |||||||||||||||||||||||||
R-82A - 915 | 3.5 | 14 | 61 | 62 | — | — | 2 | — | (13 | ) | — | 12 | 49 | 51 | |||||||||||||||||||||||||
RP-Q - 916 | 45 | 60 | 176 | — | — | 1 | — | (14 | ) | — | 39 | 55 | 163 | ||||||||||||||||||||||||||
R-II - 920 | 3.5 | 10 | 77 | 63 | — | — | 2 | — | (1 | ) | — | 10 | 76 | 64 | |||||||||||||||||||||||||
RP-Flexible Savings - 971 | 26,115 | 586,160 | 605,594 | — | 408,584 | 7,040 | (238 | ) | (206,144 | ) | — | 30,597 | 794,306 | 814,836 | |||||||||||||||||||||||||
Cash Reserve RP-3 mo. - 972 | 13,780 | 422,566 | 423,599 | — | 695,111 | 1,488 | (75 | ) | (471,371 | ) | — | 19,090 | 647,314 | 648,752 | |||||||||||||||||||||||||
RP-Flexible Savings Emp - 973 | 13 | 185 | 237 | — | — | 3 | — | (12 | ) | — | 15 | 173 | 228 | ||||||||||||||||||||||||||
RP-Stock Market - 960 | 5,308 | 58,182 | 62,549 | — | 146 | 388 | (418 | ) | (12,729 | ) | — | 4,453 | 46,361 | 49,936 | |||||||||||||||||||||||||
RP-Stepup - 940 | 100 | 3,078 | 3,087 | — | 3,343 | 55 | — | (131 | ) | — | 215 | 6,295 | 6,354 | ||||||||||||||||||||||||||
RP-Stock1 - 941 | 529 | 8,975 | 8,975 | — | 17,026 | 101 | — | (3,259 | ) | — | 1,626 | 22,787 | 22,843 | ||||||||||||||||||||||||||
RP-Stock2 - 942 | 117 | 2,477 | 2,477 | — | 5,566 | — | — | (21 | ) | — | 443 | 8,022 | 8,022 | ||||||||||||||||||||||||||
RP-Stock3 - 943 | 184 | 3,763 | 3,763 | — | 6,626 | — | — | (77 | ) | — | 558 | 10,312 | 10,312 | ||||||||||||||||||||||||||
Market Strategy Cert - 961 | 2,367 | 58,249 | 62,448 | — | 1,248 | 397 | — | (9,456 | ) | — | 2,143 | 50,971 | 54,637 | ||||||||||||||||||||||||||
D-1 990-993 | 5 | 464 | 598 | — | 154 | 5 | — | (10 | ) | — | 5 | 608 | 747 | ||||||||||||||||||||||||||
Total | 48,608 | 1,144,442 | 1,173,826 | — | 1,137,804 | 9,489 | (731 | ) | (703,240 | ) | — | 59,226 | 1,587,472 | 1,617,148 | |||||||||||||||||||||||||
Additional Interest on R-Series Single Payment Reserves: | |||||||||||||||||||||||||||||||||||||||
R-77 | 3.5 | — | — | 2 | 1 | — | — | — | — | (1 | ) | — | — | 2 | |||||||||||||||||||||||||
R-78 | 3.5 | — | — | 2 | 2 | — | — | — | — | (2 | ) | — | — | 2 | |||||||||||||||||||||||||
R-79 | 3.5 | — | — | 2 | 2 | — | — | — | — | (2 | ) | — | — | 2 | |||||||||||||||||||||||||
F-93
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2016
(in thousands)
Part 1 - Summary of Changes | |||||||||||||||||||||||||||||||||||||||
Description | December 31, 2016 | ||||||||||||||||||||||||||||||||||||||
Yield to maturity on an annual payment basis | Balance at beginning of period | Additions | Deductions | Balance at close of period | |||||||||||||||||||||||||||||||||||
No. of accounts with security holders | Amount of maturity value | Amount of reserves | Charged to profit and loss or income | Reserve payments by certificate holders | Charged to other accounts (per part 2) | Maturities | Cash surrenders prior to maturity | Credited to other accounts (per part 2) | Number of accounts with security holders | Amount of maturity value | Amount of reserves | ||||||||||||||||||||||||||||
R-80 | 3.5 | — | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | |||||||||||||||||||||||||
R-81 | 3.5 | — | — | 1 | 1 | — | — | — | — | (1 | ) | — | — | 1 | |||||||||||||||||||||||||
R-82A | 3.5 | — | — | 2 | 2 | — | — | — | — | (2 | ) | — | — | 2 | |||||||||||||||||||||||||
RP-Q | — | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | ||||||||||||||||||||||||||
R-II | — | — | 2 | 2 | — | — | — | — | (2 | ) | — | — | 2 | ||||||||||||||||||||||||||
RP-Flexible Savings | 3.5 | — | — | 211 | 7,209 | — | — | — | (92 | ) | (7,041 | ) | — | — | 287 | ||||||||||||||||||||||||
RP-Stepup - 940 | — | — | 1 | 56 | — | — | — | — | (55 | ) | — | — | 2 | ||||||||||||||||||||||||||
Cash Reserve RP-3 mo. | — | — | 53 | 1,781 | — | — | — | (266 | ) | (1,488 | ) | — | — | 80 | |||||||||||||||||||||||||
RP-Flexible Savings Emp | — | — | — | 3 | — | — | — | — | (3 | ) | — | — | — | ||||||||||||||||||||||||||
RP-Stock Market | — | — | 8 | 11 | — | — | — | — | (11 | ) | — | — | 8 | ||||||||||||||||||||||||||
RP-Stock1 | — | — | — | 3 | — | — | — | — | (1 | ) | — | — | 2 | ||||||||||||||||||||||||||
RP-Stock2 | — | — | — | 1 | — | — | — | — | — | — | — | 1 | |||||||||||||||||||||||||||
RP-Stock3 | — | — | — | 2 | — | — | — | — | — | — | — | 2 | |||||||||||||||||||||||||||
Market Strategy Cert | — | — | 9 | 18 | — | — | — | — | (17 | ) | — | — | 10 | ||||||||||||||||||||||||||
D-1 - 400 | 8 | 7 | — | 6 | — | — | — | (1 | ) | (5 | ) | 8 | 7 | — | |||||||||||||||||||||||||
Total | 8 | 7 | 293 | 9,102 | — | — | — | (359 | ) | (8,633 | ) | 8 | 7 | 403 | |||||||||||||||||||||||||
Accrued for additional credits to be allowed at next anniversaries | |||||||||||||||||||||||||||||||||||||||
RP-Stock Market | — | — | 181 | 971 | — | — | — | — | (377 | ) | — | — | 775 | ||||||||||||||||||||||||||
RP-Stock1 - 941 | — | — | 31 | 415 | — | — | — | (1 | ) | (100 | ) | — | — | 345 | |||||||||||||||||||||||||
RP-Stock2 - 942 | — | — | 37 | 220 | — | — | — | — | — | — | — | 257 | |||||||||||||||||||||||||||
RP-Stock3 - 943 | — | — | 71 | 580 | — | — | — | — | — | — | — | 651 | |||||||||||||||||||||||||||
Market Strategy Cert | — | — | 165 | 971 | — | — | — | (8 | ) | (380 | ) | — | — | 748 | |||||||||||||||||||||||||
Total | — | — | 485 | 3,157 | — | — | — | (9 | ) | (857 | ) | — | — | 2,776 | |||||||||||||||||||||||||
Total R-Series Single Pay - Qualified Certificates | 48,616 | 1,144,449 | 1,174,604 | 12,259 | 1,137,804 | 9,489 | (731 | ) | (703,608 | ) | (9,490 | ) | 59,234 | 1,587,479 | 1,620,327 | ||||||||||||||||||||||||
Fully Paid Up Certificates | |||||||||||||||||||||||||||||||||||||||
Paid-up certificates: | |||||||||||||||||||||||||||||||||||||||
I-76 - 640 | 3.5 | — | — | 2 | — | — | — | — | (1 | ) | — | — | — | 1 | |||||||||||||||||||||||||
Total | — | — | 2 | — | — | — | — | (1 | ) | — | — | — | 1 | ||||||||||||||||||||||||||
Additional credits and accrued interest thereon: | |||||||||||||||||||||||||||||||||||||||
I-76 | 3.5 | 4 | 2 | 1 | — | — | — | 2 | 1 | 1 | |||||||||||||||||||||||||||||
Total | 4 | 2 | 1 | — | — | — | 2 | 1 | 1 | ||||||||||||||||||||||||||||||
Total Fully Paid-up Certificates | 4 | 2 | 3 | — | — | — | — | (1 | ) | — | 2 | 1 | 2 | ||||||||||||||||||||||||||
Optional Settlement Certificates | |||||||||||||||||||||||||||||||||||||||
Other series and conversions from Single Payment Certificates | 2.5-3 - 3-3.5 | — | — | 9,580 | 279 | — | 2 | (1,106 | ) | (455 | ) | — | — | — | 8,300 | ||||||||||||||||||||||||
Series R-II & RP-2-84 - 88 - Prod 921 | 3.5 | — | — | 34 | 1 | — | — | (1 | ) | (3 | ) | — | — | — | 31 | ||||||||||||||||||||||||
Series R-Installment (Prod 980, 981,982) | — | — | 2 | — | — | — | — | — | — | — | — | 2 | |||||||||||||||||||||||||||
Add'l credits and accrued int. thereon | 2.5 - 3 | — | — | 245 | 6 | — | 1 | (75 | ) | (5 | ) | (2 | ) | — | — | 170 | |||||||||||||||||||||||
F-94
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2016
(in thousands)
Part 1 - Summary of Changes | |||||||||||||||||||||||||||||||||||||||
Description | December 31, 2016 | ||||||||||||||||||||||||||||||||||||||
Yield to maturity on an annual payment basis | Balance at beginning of period | Additions | Deductions | Balance at close of period | |||||||||||||||||||||||||||||||||||
No. of accounts with security holders | Amount of maturity value | Amount of reserves | Charged to profit and loss or income | Reserve payments by certificate holders | Charged to other accounts (per part 2) | Maturities | Cash surrenders prior to maturity | Credited to other accounts (per part 2) | Number of accounts with security holders | Amount of maturity value | Amount of reserves | ||||||||||||||||||||||||||||
Accrued for additional credits to be allowed at next anniversaries | — | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | ||||||||||||||||||||||||||
Total Optional Settlement | — | — | 9,861 | 287 | — | 3 | (1,182 | ) | (463 | ) | (3 | ) | — | — | 8,503 | ||||||||||||||||||||||||
Due to unlocated cert holders | — | — | 346 | — | — | 347 | — | (1 | ) | (340 | ) | — | — | 352 | |||||||||||||||||||||||||
Total Certificate Reserves | 190,551 | $ | 4,721,911 | $ | 4,835,267 | $ | 44,266 | $ | 4,214,710 | $ | 34,489 | $ | (10,371 | ) | $ | (3,144,453 | ) | $ | (34,493 | ) | 216,827 | $ | 5,816,383 | $ | 5,939,415 | ||||||||||||||
Part 2 - Descriptions of Additions to Reserves Charged to Other Accounts and Deductions from Reserves Credited to other Accounts | Year Ended December 31, 2016 | ||
Additional credits on installment certificates and accrued interest thereon: | |||
Other additions represent: | |||
Transfers from maturities to extended maturities, additional credits/interest and advance payments | $ | 75 | |
Other deductions represent: | |||
Transfers to reserves on a quarterly basis for Reserve Plus Flexible-Payment, IC-Q-Installment and R-Flexible-Payment | $ | 75 | |
Optional settlement certificates: | |||
Other additions represent: | |||
Transfers from installment certificate reserves (less surrender charges), optional settlement privileges | $ | 1 | |
Transfers from accruals for additional credits to be allowed at next anniversaries | 2 | ||
$ | 3 | ||
Other deductions represent: | |||
Transfers to reserves for additional credits and accrued interest thereon | $ | 3 | |
Single-Payment certificates: | |||
Other additions represent: | |||
Flexible Savings | $ | 17,077 | |
Stepup | 87 | ||
Flexible Savings-Emp | 2 | ||
Cash Reserve-3mo | 4,877 | ||
Stock Market | 931 | ||
IC-Stock1 | 210 | ||
Market Strategy | 1,391 | ||
RP-Q | 1 | ||
Cash Reserve-RP-3mo | 1,488 | ||
Flexible Savings-RP | 7,041 | ||
Stepup-RP | 55 | ||
Flexible Savings-RP-Emp | 3 | ||
Stock Market-RP | 388 | ||
RP-Stock1 | 101 | ||
Market Strategy-RP | 397 | ||
Transfers from accruals at anniversaries maintained in a separate reserve account | 16 | ||
$ | 34,065 | ||
F-95
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2016
(in thousands)
Part 2 - Descriptions of Additions to Reserves Charged to Other Accounts and Deductions from Reserves Credited to other Accounts | Year Ended December 31, 2016 | ||
Other deductions represent: | |||
Transfers to optional settlement reserves: | |||
Single-Payment | $ | 2,855 | |
Transfers to reserves for additional credits and accrued interest thereon | (16 | ) | |
Flexible Savings | 17,089 | ||
Stepup | 87 | ||
Flexible Savings-Emp | 2 | ||
Cash Reserve-3mo | 4,881 | ||
Stock Market | 1 | ||
Stock1 | 34 | ||
Stock2 | 4 | ||
Market Strategy Cert | 32 | ||
AEBI Stock Market | 39 | ||
RP-Q | 1 | ||
Cash Reserve-RP-3mo | 1,488 | ||
Flexible Savings-RP | 7,041 | ||
Stepup-RP | 55 | ||
Flexible Savings-RP-Emp | 3 | ||
Stock Market-RP | 388 | ||
RP-Stock1 | 101 | ||
Transfers to Federal tax withholding | (10 | ) | |
$ | 34,075 | ||
Due to unlocated certificate holders: | |||
Other additions represent: | |||
Amounts equivalent to payments due certificates holders who could not be located | $ | 347 | |
Other deductions represent: | |||
Payments to certificate holders credited to cash | $ | 340 | |
F-96
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2016
(in thousands)
Part 3 - Information Regarding Installment Certificates | ||||||||||||||||||||||||||||||
MO’s Paid | Number of Accounts w/Certificate Holders | Amount of Maturity Value | Amount of Reserves | Deduction from Reserves Cash Surrenders Prior to Maturity Surrender | Other Deductions | |||||||||||||||||||||||||
2015 | 2016 | 2015 | 2016 | 2015 | 2016 | 2016 | 2016 | |||||||||||||||||||||||
1-12 | 132 | 137 | $ | 2,713 | $ | 1,502 | $ | 562 | $ | 401 | $ | 2 | $ | — | ||||||||||||||||
13-24 | 111 | 102 | 7,038 | 2,667 | 588 | 687 | 32 | — | ||||||||||||||||||||||
25-36 | 103 | 93 | 7,366 | 5,433 | 557 | 624 | 28 | — | ||||||||||||||||||||||
37-48 | 124 | 86 | 5,176 | 3,887 | 715 | 432 | 150 | — | ||||||||||||||||||||||
49-60 | 141 | 108 | 1,529 | 5,076 | 693 | 796 | 67 | — | ||||||||||||||||||||||
61-72 | 148 | 121 | 17,475 | 1,457 | 881 | 636 | 74 | — | ||||||||||||||||||||||
73-84 | 393 | 129 | 1,159 | 16,497 | 5,479 | 888 | 91 | — | ||||||||||||||||||||||
85-96 | 282 | 345 | 631 | 831 | 2,827 | 5,316 | 389 | — | ||||||||||||||||||||||
97-108 | 180 | 236 | 288 | 60 | 1,408 | 2,585 | 324 | — | ||||||||||||||||||||||
109-120 | 160 | 147 | 6 | — | 1,471 | 1,085 | 121 | — | ||||||||||||||||||||||
121-132 | — | 1 | — | — | — | 1 | 372 | — | ||||||||||||||||||||||
133-144 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
145-156 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
157-168 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
169-180 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
181-192 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
193-204 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
205-216 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
217-228 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
229-240 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
241-252 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
253-264 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
265-276 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
277-288 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
289-300 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
301-312 | 2 | — | 12 | — | 2 | — | — | — | ||||||||||||||||||||||
313-324 | — | 2 | — | 12 | — | 2 | — | — | ||||||||||||||||||||||
325-336 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
337-348 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
349-360 | 1 | — | 12 | — | 11 | — | — | — | ||||||||||||||||||||||
361-372 | — | 1 | — | 12 | — | 11 | — | — | ||||||||||||||||||||||
373-384 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
385-396 | 1 | — | 6 | — | 5 | — | — | — | ||||||||||||||||||||||
397-408 | — | 1 | — | 6 | — | 5 | — | — | ||||||||||||||||||||||
TOTAL - ALL SERIES | 1,778 | 1,509 | $ | 43,411 | $ | 37,440 | $ | 15,199 | $ | 13,469 | $ | 1,650 | $ | — | ||||||||||||||||
F-97
Ameriprise Certificate Company
Schedule VI — Certificate Reserves
Year Ended December 31, 2015
(in thousands)
Part 1 - Summary of Changes | |||||||||||||||||||||||||||||||||||||||
Description | Year Ended December 31, 2015 | ||||||||||||||||||||||||||||||||||||||
Yield to maturity on an annual payment basis | Balance at beginning of period | Additions | Deductions | Balance at close of period | |||||||||||||||||||||||||||||||||||
No. of accounts with security holders | Amount of maturity value | Amount of reserves | Charged to profit and loss or income | Reserve payments by certificate holders | Charged to other accounts (per part 2) | Maturities | Cash surrenders prior to maturity | Credited to other accounts (per part 2) | Number of accounts with security holders | Amount of maturity value | Amount of reserves | ||||||||||||||||||||||||||||
Installment certificates: | |||||||||||||||||||||||||||||||||||||||
Reserves to mature: | |||||||||||||||||||||||||||||||||||||||
I-76 | 3.35 | — | $ | — | $ | (1 | ) | $ | 1 | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||||||
IC-Q-IN | 3 | 36 | 1 | — | — | — | — | (1 | ) | — | — | — | — | ||||||||||||||||||||||||||
IC-I | 3 | 43 | 40 | — | 3 | — | (43 | ) | — | — | — | — | — | ||||||||||||||||||||||||||
IC-I-EMP | 1 | 6 | 12 | — | 1 | — | — | — | 1 | 6 | 13 | ||||||||||||||||||||||||||||
Inst I95 | 1,920 | — | 15,874 | — | 4,742 | 71 | (1,683 | ) | (5,489 | ) | — | 1,529 | — | 13,515 | |||||||||||||||||||||||||
Inst-E | 12 | — | 137 | — | 57 | 1 | (6 | ) | (52 | ) | — | 10 | — | 137 | |||||||||||||||||||||||||
RP-Q-Installment | 3 | 22 | 8 | — | — | — | (4 | ) | — | — | 1 | 6 | 4 | ||||||||||||||||||||||||||
RP-Q-Flexible Payment | 1 | 12 | 11 | — | — | — | — | — | — | 1 | 12 | 11 | |||||||||||||||||||||||||||
RP-Q-Ins | 2 | 12 | 2 | — | — | — | — | — | — | 2 | 12 | 2 | |||||||||||||||||||||||||||
Inst-R | 270 | 47,408 | 1,770 | — | 289 | 7 | (43 | ) | (628 | ) | — | 232 | 41,317 | 1,395 | |||||||||||||||||||||||||
Inst-R-E | 1 | 12 | 25 | — | 137 | — | — | (40 | ) | — | 2 | 2,058 | 122 | ||||||||||||||||||||||||||
Total | 2,216 | 47,551 | 17,879 | 1 | 5,229 | 79 | (1,779 | ) | (6,210 | ) | — | 1,778 | 43,411 | 15,199 | |||||||||||||||||||||||||
Additional credits and accrued interest thereon: | |||||||||||||||||||||||||||||||||||||||
Inst I95 | — | — | — | 71 | — | — | — | — | (71 | ) | — | — | — | ||||||||||||||||||||||||||
Inst-E | — | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | ||||||||||||||||||||||||||
Inst-R | — | — | — | 7 | — | — | — | — | (7 | ) | — | — | — | ||||||||||||||||||||||||||
Total | — | — | — | 79 | — | — | — | — | (79 | ) | — | — | — | ||||||||||||||||||||||||||
Res for accrued 3rd year 2113 - Installment Prod only. | — | — | 32 | — | (27 | ) | — | — | — | — | — | — | 5 | ||||||||||||||||||||||||||
Total | — | — | 32 | — | (27 | ) | — | — | — | — | — | — | 5 | ||||||||||||||||||||||||||
Total Installment Certificates | 2,216 | 47,551 | 17,911 | 80 | 5,202 | 79 | (1,779 | ) | (6,210 | ) | (79 | ) | 1,778 | 43,411 | 15,204 | ||||||||||||||||||||||||
Single Pay - Non Qualified Certificates | |||||||||||||||||||||||||||||||||||||||
Single-Payment certificates: | |||||||||||||||||||||||||||||||||||||||
IC-2-84 - 115, 116, 117,118,119 | 3.5 | 1 | 2 | 2 | — | — | — | — | — | — | 1 | 2 | 2 | ||||||||||||||||||||||||||
IC-2-85 - 120, 121, 122,123.124,125,126,127,128,129,130 | 3.5 | 1 | 14 | 14 | — | — | — | — | — | — | 1 | 14 | 14 | ||||||||||||||||||||||||||
IC-Flexible Savings (Variable Term) - 165 | 64,341 | 1,323,771 | 1,385,149 | — | 744,484 | 11,585 | (6,190 | ) | (527,421 | ) | — | 64,224 | 1,551,554 | 1,607,607 | |||||||||||||||||||||||||
IC-Stepup - 190 | — | — | — | — | 4,413 | 11 | — | (1 | ) | — | 145 | 4,412 | 4,423 | ||||||||||||||||||||||||||
IC-Flexible Savings Emp (VT) - 166 | 45 | 466 | 563 | — | — | 2 | (110 | ) | (51 | ) | — | 24 | 348 | 404 | |||||||||||||||||||||||||
Cash Reserve Variable PMT-3mo. - 662 | 40,292 | 1,351,071 | 1,355,993 | — | 1,617,666 | 4,162 | (1,590 | ) | (1,370,690 | ) | — | 45,755 | 1,600,119 | 1,605,541 | |||||||||||||||||||||||||
IC-Stock Market-180 | 20,731 | 173,338 | 189,815 | — | 8,669 | 2,116 | (2,888 | ) | (40,317 | ) | — | 17,348 | 142,750 | 157,395 | |||||||||||||||||||||||||
IC-MSC-181 | 11,947 | 226,349 | 251,313 | — | 12,624 | 2,507 | — | (40,077 | ) | — | 10,741 | 203,532 | 226,367 | ||||||||||||||||||||||||||
IC-Stock1 - 210 | — | — | — | — | 19,885 | — | — | (225 | ) | — | 1,366 | 19,660 | 19,660 | ||||||||||||||||||||||||||
IC-Stock2 - 220 | — | — | — | — | 4,726 | — | — | (11 | ) | — | 263 | 4,715 | 4,715 | ||||||||||||||||||||||||||
IC-Stock3 - 230 | — | — | — | — | 6,943 | — | — | — | — | 285 | 6,943 | 6,943 | |||||||||||||||||||||||||||
Total | 137,358 | 3,075,011 | 3,182,849 | — | 2,419,410 | 20,383 | (10,778 | ) | (1,978,793 | ) | — | 140,153 | 3,534,049 | 3,633,071 | |||||||||||||||||||||||||
F-98
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2015
(in thousands)
Part 1 - Summary of Changes | |||||||||||||||||||||||||||||||||||||||
Description | Year Ended December 31, 2015 | ||||||||||||||||||||||||||||||||||||||
Yield to maturity on an annual payment basis | Balance at beginning of period | Additions | Deductions | Balance at close of period | |||||||||||||||||||||||||||||||||||
No. of accounts with security holders | Amount of maturity value | Amount of reserves | Charged to profit and loss or income | Reserve payments by certificate holders | Charged to other accounts (per part 2) | Maturities | Cash surrenders prior to maturity | Credited to other accounts (per part 2) | Number of accounts with security holders | Amount of maturity value | Amount of reserves | ||||||||||||||||||||||||||||
Additional credits and accrued interest thereon: | |||||||||||||||||||||||||||||||||||||||
IC-2-84 | — | — | 1 | — | — | — | — | — | — | — | — | 1 | |||||||||||||||||||||||||||
IC-Flexible Savings | — | — | 436 | 12,208 | — | — | — | (482 | ) | (11,591 | ) | — | — | 571 | |||||||||||||||||||||||||
IC-Preferred Investors | — | — | 1 | — | — | — | — | — | — | — | — | 1 | |||||||||||||||||||||||||||
IC-Stepup - 190 | — | — | — | 14 | — | — | — | (1 | ) | (11 | ) | — | — | 2 | |||||||||||||||||||||||||
IC-FS-EMP | — | — | 1 | 4 | — | — | — | (2 | ) | (2 | ) | — | — | 1 | |||||||||||||||||||||||||
Cash Reserve Variable Payment-3mo. | — | — | 154 | 4,874 | — | — | — | (665 | ) | (4,164 | ) | — | — | 199 | |||||||||||||||||||||||||
IC-Stk Mkt, 2004/16/31-4000/16 | — | — | 24 | 37 | — | — | — | (3 | ) | (37 | ) | — | — | 21 | |||||||||||||||||||||||||
IC-Stock1 - 210 | — | — | — | 1 | — | — | — | — | — | — | — | 1 | |||||||||||||||||||||||||||
IC-Stock3 - 230 | — | — | — | 1 | — | — | — | — | — | — | 1 | ||||||||||||||||||||||||||||
IC-MSC | — | — | 12 | 41 | — | — | — | (1 | ) | (41 | ) | — | — | 11 | |||||||||||||||||||||||||
Total | — | — | 629 | 17,180 | — | — | — | (1,154 | ) | (15,846 | ) | — | — | 809 | |||||||||||||||||||||||||
Accrued for additional credits to be allowed at next anniversaries: | |||||||||||||||||||||||||||||||||||||||
SP 75 | — | — | (1 | ) | — | — | — | — | — | — | — | — | (1 | ) | |||||||||||||||||||||||||
IC-Stock | — | — | 2,430 | 163 | — | — | — | (35 | ) | (2,080 | ) | — | — | 478 | |||||||||||||||||||||||||
IC-Stock1 - 210 | — | — | — | 78 | — | — | — | — | — | — | — | 78 | |||||||||||||||||||||||||||
IC-Stock2 - 220 | — | — | — | 60 | — | — | — | — | — | — | — | 60 | |||||||||||||||||||||||||||
IC-Stock3 - 230 | — | — | — | 130 | — | — | — | — | — | — | — | 130 | |||||||||||||||||||||||||||
IC-Market Strategy Certificate - Part Int 2019/2102/4061 | — | — | 2,849 | 335 | — | — | — | (92 | ) | (2,468 | ) | — | — | 624 | |||||||||||||||||||||||||
Total | — | — | 5,278 | 766 | — | — | — | (127 | ) | (4,548 | ) | — | — | 1,369 | |||||||||||||||||||||||||
Total Single Pay - Non Qualified Certificates | 137,358 | 3,075,011 | 3,188,756 | 17,946 | 2,419,410 | 20,383 | (10,778 | ) | (1,980,074 | ) | (20,394 | ) | 140,153 | 3,534,049 | 3,635,249 | ||||||||||||||||||||||||
R-Series Single Pay - Qualified Certificates | |||||||||||||||||||||||||||||||||||||||
R-77 - 910 | 3.5 | 3 | 12 | 19 | — | — | 1 | — | — | — | 3 | 12 | 20 | ||||||||||||||||||||||||||
R-78 - 911 | 3.5 | 7 | 43 | 59 | — | — | 2 | — | (3 | ) | — | 6 | 41 | 58 | |||||||||||||||||||||||||
R-79 - 912 | 3.5 | 5 | 40 | 55 | — | — | 2 | — | — | — | 5 | 40 | 57 | ||||||||||||||||||||||||||
R-80 - 913 | 3.5 | 5 | 26 | 31 | — | — | 1 | — | — | — | 4 | 26 | 32 | ||||||||||||||||||||||||||
R-81 - 914 | 3.5 | 4 | 28 | 33 | — | — | 1 | — | (3 | ) | — | 3 | 26 | 31 | |||||||||||||||||||||||||
R-82A - 915 | 3.5 | 16 | 66 | 64 | — | — | 2 | — | (4 | ) | — | 14 | 61 | 62 | |||||||||||||||||||||||||
RP-Q - 916 | 54 | 71 | 208 | — | — | 1 | — | (33 | ) | — | 45 | 60 | 176 | ||||||||||||||||||||||||||
R-II - 920 | 3.5 | 14 | 96 | 76 | — | — | 3 | — | (16 | ) | — | 10 | 77 | 63 | |||||||||||||||||||||||||
RP-Flexible Savings - 971 | 25,704 | 528,481 | 549,433 | — | 198,083 | 4,569 | (386 | ) | (146,105 | ) | — | 26,115 | 586,160 | 605,594 | |||||||||||||||||||||||||
Cash Reserve RP-3 mo. - 972 | 10,298 | 284,994 | 285,828 | (1 | ) | 461,046 | 956 | (15 | ) | (324,215 | ) | — | 13,780 | 422,566 | 423,599 | ||||||||||||||||||||||||
RP-Flexible Savings Emp - 973 | 17 | 224 | 296 | — | — | 2 | — | (61 | ) | — | 13 | 185 | 237 | ||||||||||||||||||||||||||
RP-Stock Market - 960 | 6,192 | 68,158 | 73,197 | — | 3,503 | 844 | (417 | ) | (14,578 | ) | — | 5,308 | 58,182 | 62,549 | |||||||||||||||||||||||||
RP-Stepup - 940 | — | — | — | — | 3,094 | 8 | — | (15 | ) | — | 100 | 3,078 | 3,087 | ||||||||||||||||||||||||||
RP-Stock1 - 941 | — | — | — | — | 8,980 | — | — | (5 | ) | — | 529 | 8,975 | 8,975 | ||||||||||||||||||||||||||
RP-Stock2 - 942 | — | — | — | — | 2,477 | — | — | — | — | 117 | 2,477 | 2,477 | |||||||||||||||||||||||||||
RP-Stock3 - 943 | — | — | — | — | 3,763 | — | — | — | — | 184 | 3,763 | 3,763 | |||||||||||||||||||||||||||
F-99
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2015
(in thousands)
Part 1 - Summary of Changes | |||||||||||||||||||||||||||||||||||||||
Description | Year Ended December 31, 2015 | ||||||||||||||||||||||||||||||||||||||
Yield to maturity on an annual payment basis | Balance at beginning of period | Additions | Deductions | Balance at close of period | |||||||||||||||||||||||||||||||||||
No. of accounts with security holders | Amount of maturity value | Amount of reserves | Charged to profit and loss or income | Reserve payments by certificate holders | Charged to other accounts (per part 2) | Maturities | Cash surrenders prior to maturity | Credited to other accounts (per part 2) | Number of accounts with security holders | Amount of maturity value | Amount of reserves | ||||||||||||||||||||||||||||
Market Strategy Cert - 961 | 2,610 | 64,242 | 68,959 | — | 3,882 | 694 | — | (11,087 | ) | — | 2,367 | 58,249 | 62,448 | ||||||||||||||||||||||||||
D-1 990-993 | 10 | 1,154 | 1,330 | — | — | 6 | (401 | ) | (337 | ) | — | 5 | 464 | 598 | |||||||||||||||||||||||||
Total | 44,939 | 947,635 | 979,588 | (1 | ) | 684,828 | 7,092 | (1,219 | ) | (496,462 | ) | — | 48,608 | 1,144,442 | 1,173,826 | ||||||||||||||||||||||||
Additional Interest on R-Series Single Payment Reserves: | |||||||||||||||||||||||||||||||||||||||
R-77 | 3.5 | — | — | 2 | 1 | — | — | — | — | (1 | ) | — | — | 2 | |||||||||||||||||||||||||
R-78 | 3.5 | — | — | 2 | 2 | — | — | — | — | (2 | ) | — | — | 2 | |||||||||||||||||||||||||
R-79 | 3.5 | — | — | 2 | 2 | — | — | — | — | (2 | ) | — | — | 2 | |||||||||||||||||||||||||
R-80 | 3.5 | — | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | |||||||||||||||||||||||||
R-81 | 3.5 | — | — | 1 | 1 | — | — | — | — | (1 | ) | — | — | 1 | |||||||||||||||||||||||||
R-82A | 3.5 | — | — | 2 | 2 | — | — | — | — | (2 | ) | — | — | 2 | |||||||||||||||||||||||||
RP-Q | — | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | ||||||||||||||||||||||||||
R-II | — | — | 2 | 3 | — | — | — | — | (3 | ) | — | — | 2 | ||||||||||||||||||||||||||
RP-Flexible Savings | 3.5 | — | — | 167 | 4,695 | — | — | — | (82 | ) | (4,569 | ) | — | — | 211 | ||||||||||||||||||||||||
RP-Stepup - 940 | — | — | — | 9 | — | — | — | — | (8 | ) | — | — | 1 | ||||||||||||||||||||||||||
Cash Reserve RP-3 mo. | — | — | 33 | 1,155 | — | — | — | (179 | ) | (956 | ) | — | — | 53 | |||||||||||||||||||||||||
RP-Flexible Savings Emp | — | — | — | 2 | — | — | — | — | (2 | ) | — | — | — | ||||||||||||||||||||||||||
RP-Stock Market | — | — | 8 | 13 | — | — | — | — | (13 | ) | — | — | 8 | ||||||||||||||||||||||||||
Market Strategy Cert | — | — | 7 | 17 | — | — | — | — | (15 | ) | — | — | 9 | ||||||||||||||||||||||||||
D-1 - 400 | 10 | 9 | — | 8 | — | — | — | (2 | ) | (6 | ) | 8 | 7 | — | |||||||||||||||||||||||||
Total | 10 | 9 | 226 | 5,912 | — | — | — | (263 | ) | (5,582 | ) | 8 | 7 | 293 | |||||||||||||||||||||||||
Accrued for additional credits to be allowed at next anniversaries | |||||||||||||||||||||||||||||||||||||||
RP-Stock Market | — | — | 933 | 82 | — | — | — | (4 | ) | (830 | ) | — | — | 181 | |||||||||||||||||||||||||
RP-Stock1 - 941 | — | — | — | 31 | — | — | — | — | — | — | — | 31 | |||||||||||||||||||||||||||
RP-Stock2 - 942 | — | — | — | 37 | — | — | — | — | — | — | — | 37 | |||||||||||||||||||||||||||
RP-Stock3 - 943 | — | — | — | 71 | — | — | — | — | — | — | — | 71 | |||||||||||||||||||||||||||
Market Strategy Cert | — | — | 768 | 89 | — | — | — | (14 | ) | (678 | ) | — | — | 165 | |||||||||||||||||||||||||
Total | — | — | 1,701 | 310 | — | — | — | (18 | ) | (1,508 | ) | — | — | 485 | |||||||||||||||||||||||||
Total R-Series Single Pay - Qualified Certificates | 44,949 | 947,644 | 981,515 | 6,221 | 684,828 | 7,092 | (1,219 | ) | (496,743 | ) | (7,090 | ) | 48,616 | 1,144,449 | 1,174,604 | ||||||||||||||||||||||||
Fully Paid Up Certificates | |||||||||||||||||||||||||||||||||||||||
Paid-up certificates: | |||||||||||||||||||||||||||||||||||||||
I-76 - 640 | 3.5 | — | — | 13 | — | — | — | (9 | ) | (2 | ) | — | — | — | 2 | ||||||||||||||||||||||||
Total | — | — | 13 | — | — | — | (9 | ) | (2 | ) | — | — | — | 2 | |||||||||||||||||||||||||
Additional credits and accrued interest thereon: | |||||||||||||||||||||||||||||||||||||||
I-76 | 3.5 | 6 | 13 | 3 | — | — | — | (1 | ) | (1 | ) | — | 4 | 2 | 1 | ||||||||||||||||||||||||
Total | 6 | 13 | 3 | — | — | — | (1 | ) | (1 | ) | — | 4 | 2 | 1 | |||||||||||||||||||||||||
Total Fully Paid-up Certificates | 6 | 13 | 16 | — | — | — | (10 | ) | (3 | ) | — | 4 | 2 | 3 | |||||||||||||||||||||||||
F-100
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2015
(in thousands)
Part 1 - Summary of Changes | |||||||||||||||||||||||||||||||||||||||
Description | Year Ended December 31, 2015 | ||||||||||||||||||||||||||||||||||||||
Yield to maturity on an annual payment basis | Balance at beginning of period | Additions | Deductions | Balance at close of period | |||||||||||||||||||||||||||||||||||
No. of accounts with security holders | Amount of maturity value | Amount of reserves | Charged to profit and loss or income | Reserve payments by certificate holders | Charged to other accounts (per part 2) | Maturities | Cash surrenders prior to maturity | Credited to other accounts (per part 2) | Number of accounts with security holders | Amount of maturity value | Amount of reserves | ||||||||||||||||||||||||||||
Optional Settlement Certificates | |||||||||||||||||||||||||||||||||||||||
Other series and conversions from Single Payment Certificates | 2.5-3-3-3.5 | — | — | 20,536 | 513 | — | — | (10,491 | ) | (978 | ) | — | — | — | 9,580 | ||||||||||||||||||||||||
Series R-II & RP-2-84 - 88 - Prod 921 | 3.5 | — | — | 34 | 1 | — | — | (1 | ) | — | — | — | — | 34 | |||||||||||||||||||||||||
Series R-Installment (Prod 980, 981,982) | — | — | 17 | — | — | — | (14 | ) | (1 | ) | — | — | — | 2 | |||||||||||||||||||||||||
Total | — | — | 20,587 | 514 | — | — | (10,506 | ) | (979 | ) | — | — | — | 9,616 | |||||||||||||||||||||||||
Add'l credits and accrued int. thereon | 2.5 - 3 | — | — | 1,092 | 24 | — | 2 | (825 | ) | (48 | ) | — | — | — | 245 | ||||||||||||||||||||||||
Total | — | — | 1,092 | 24 | — | 2 | (825 | ) | (48 | ) | — | — | — | 245 | |||||||||||||||||||||||||
Accrued for additional credits to be allowed at next anniversaries | — | — | — | 2 | — | — | — | — | (2 | ) | — | — | — | ||||||||||||||||||||||||||
Total | — | — | — | 2 | — | — | — | — | (2 | ) | — | — | — | ||||||||||||||||||||||||||
Total Optional Settlement | — | — | 21,679 | 540 | — | 2 | (11,331 | ) | (1,027 | ) | (2 | ) | — | — | 9,861 | ||||||||||||||||||||||||
Due to unlocated cert holders | — | — | 146 | — | — | 625 | — | (7 | ) | (418 | ) | — | — | 346 | |||||||||||||||||||||||||
Total Certificate Reserves | 184,529 | $ | 4,070,219 | $ | 4,210,023 | $ | 24,787 | $ | 3,109,440 | $ | 28,181 | $ | (25,117 | ) | $ | (2,484,064 | ) | $ | (27,983 | ) | 190,551 | $ | 4,721,911 | $ | 4,835,267 | ||||||||||||||
F-101
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2015
(in thousands)
Part 2 - Descriptions of Additions to Reserves Charged to Other Accounts and Deductions from Reserves Credited to other Accounts | Year Ended December 31, 2015 | ||
Additional credits on installment certificates and accrued interest thereon: | |||
Other additions represent: | |||
Transfers from maturities to extended maturities, additional credits/interest and advance payments | $ | 79 | |
Other deductions represent: | |||
Transfers to reserves on a quarterly basis for Reserve Plus Flexible-Payment, IC-Q-Installment and R-Flexible-Payment | $ | 79 | |
Optional settlement certificates: | |||
Other additions represent: | |||
Transfers from accruals for additional credits to be allowed at next anniversaries | $ | 2 | |
Other deductions represent: | |||
Transfers to reserve for additional credits and accrued interest thereon | $ | 2 | |
Single-Payment certificates: | |||
Other additions represent: | |||
Flexible Savings | $ | 11,585 | |
Stepup | 11 | ||
Flexible Savings-Emp | 2 | ||
Cash Reserve-3mo | 4,162 | ||
Stock Market | 2,116 | ||
Market Strategy | 2,507 | ||
RP-Q | 1 | ||
Cash Reserve-RP-3mo | 956 | ||
Flexible Savings-RP | 4,569 | ||
Stepup-RP | 8 | ||
Flexible Savings-RP-Emp | 2 | ||
Stock Market-RP | 844 | ||
Market Strategy-RP | 694 | ||
Transfers from accruals at anniversaries maintained in a separate reserve account | 18 | ||
$ | 27,475 | ||
Other deductions represent: | |||
Transfers to optional settlement reserves: | |||
Single-Payment | $ | 5,238 | |
Transfers to reserves for additional credits and accrued interest thereon | (17 | ) | |
Flexible Savings | 11,595 | ||
Stepup | 11 | ||
Flexible Savings-Emp | 2 | ||
Cash Reserve-3mo | 4,167 | ||
Stock Market | 1 | ||
Stock1 | 39 | ||
Market Strategy Cert | 37 | ||
AEBI Stock Market | 41 | ||
RP-Q | 1 | ||
Cash Reserve-RP-3mo | 956 | ||
Flexible Savings-RP | 4,569 | ||
Stepup-RP | 8 | ||
Flexible Savings-RP-Emp | 2 | ||
Stock Market-RP | 844 | ||
Transfers to Federal tax withholding | (10 | ) | |
$ | 27,484 | ||
Due to unlocated certificate holders: | |||
Other additions represent: | |||
Amounts equivalent to payments due certificates holders who could not be located | $ | 625 | |
Other deductions represent: | |||
Payments to certificate holders credited to cash | $ | 418 | |
F-102
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2015
(in thousands)
Part 3 - Information Regarding Installment Certificates | ||||||||||||||||||||||||||||||
MO’s Paid | Number of Accounts w/Certificate Holders | Amount of Maturity Value | Amount of Reserves | Deduction from Reserves Cash Surrenders Prior to Maturity Surrender | Other Deductions | |||||||||||||||||||||||||
2014 | 2015 | 2014 | 2015 | 2014 | 2015 | 2015 | 2015 | |||||||||||||||||||||||
1-12 | 140 | 132 | $ | 7,776 | $ | 2,707 | $ | 602 | $ | 562 | $ | 47 | $ | — | ||||||||||||||||
13-24 | 119 | 111 | 7,668 | 7,044 | 686 | 588 | 61 | — | ||||||||||||||||||||||
25-36 | 154 | 103 | 8,064 | 7,366 | 797 | 557 | 23 | — | ||||||||||||||||||||||
37-48 | 165 | 124 | 2,452 | 5,176 | 783 | 715 | 184 | — | ||||||||||||||||||||||
49-60 | 158 | 141 | 17,488 | 1,529 | 881 | 693 | 109 | — | ||||||||||||||||||||||
61-72 | 477 | 148 | 2,837 | 17,475 | 5,632 | 881 | 40 | — | ||||||||||||||||||||||
73-84 | 318 | 393 | 631 | 1,159 | 2,787 | 5,479 | 875 | — | ||||||||||||||||||||||
85-96 | 209 | 282 | 486 | 631 | 1,512 | 2,827 | 266 | — | ||||||||||||||||||||||
97-108 | 198 | 180 | 24 | 288 | 1,742 | 1,408 | 181 | — | ||||||||||||||||||||||
109-120 | 269 | 160 | 43 | 6 | 2,434 | 1,471 | 170 | — | ||||||||||||||||||||||
121-132 | — | — | — | — | — | — | 922 | — | ||||||||||||||||||||||
133-144 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
145-156 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
157-168 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
169-180 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
181-192 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
193-204 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
205-216 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
217-228 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
229-240 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
241-252 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
253-264 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
265-276 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
277-288 | 3 | — | 36 | — | 1 | — | — | — | ||||||||||||||||||||||
289-300 | 2 | — | 12 | — | 2 | — | 1 | — | ||||||||||||||||||||||
301-312 | — | 2 | — | 12 | — | 2 | — | — | ||||||||||||||||||||||
313-324 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
325-336 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
337-348 | 1 | — | 12 | — | 11 | — | — | — | ||||||||||||||||||||||
349-360 | 2 | 1 | 16 | 12 | 4 | 11 | — | — | ||||||||||||||||||||||
361-372 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
373-384 | 1 | — | 6 | — | 5 | — | — | — | ||||||||||||||||||||||
385-396 | — | 1 | — | 6 | — | 5 | — | — | ||||||||||||||||||||||
TOTAL - ALL SERIES | 2,216 | 1,778 | $ | 47,551 | $ | 43,411 | $ | 17,879 | $ | 15,199 | $ | 2,879 | $ | — | ||||||||||||||||
F-103
Ameriprise Certificate Company
Schedule VI — Certificate Reserves
Year Ended December 31, 2014
(in thousands)
Part 1 - Summary of Changes | |||||||||||||||||||||||||||||||||||||||
Description | Year Ended December 31, 2014 | ||||||||||||||||||||||||||||||||||||||
Yield to maturity on an annual payment basis | Balance at beginning of period | Additions | Deductions | Balance at close of period | |||||||||||||||||||||||||||||||||||
No. of accounts with security holders | Amount of maturity value | Amount of reserves | Charged to profit and loss or income | Reserve payments by certificate holders | Charged to other accounts (per part 2) | Maturities | Cash surrenders prior to maturity | Credited to other accounts (per part 2) | Number of accounts with security holders | Amount of maturity value | Amount of reserves | ||||||||||||||||||||||||||||
Installment certificates: | |||||||||||||||||||||||||||||||||||||||
Reserves to mature: | |||||||||||||||||||||||||||||||||||||||
I-76 | 3.35 | — | $ | — | $ | (1 | ) | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | — | $ | — | $ | (1 | ) | ||||||||||||||
IC-Q-IN | 1 | 36 | 1 | — | 1 | — | — | (1 | ) | — | 3 | 36 | 1 | ||||||||||||||||||||||||||
IC-I | 4 | 59 | 44 | — | 4 | — | — | (8 | ) | — | 3 | 43 | 40 | ||||||||||||||||||||||||||
IC-I-EMP | 1 | 6 | 11 | — | 1 | — | — | — | — | 1 | 6 | 12 | |||||||||||||||||||||||||||
Inst I95 | 2,585 | — | 20,661 | — | 5,206 | 69 | (2,555 | ) | (7,507 | ) | — | 1,920 | — | 15,874 | |||||||||||||||||||||||||
Inst-E | 20 | — | 274 | — | 58 | 1 | (44 | ) | (152 | ) | — | 12 | — | 137 | |||||||||||||||||||||||||
RP-Q-Installment | 3 | 22 | 8 | — | — | — | — | — | — | 3 | 22 | 8 | |||||||||||||||||||||||||||
RP-Q-Flexible Payment | 1 | 12 | 11 | — | — | — | — | — | — | 1 | 12 | 11 | |||||||||||||||||||||||||||
RP-Q-Ins | 2 | 12 | 2 | — | — | — | — | — | — | 2 | 12 | 2 | |||||||||||||||||||||||||||
Inst-R | 294 | 53,297 | 1,715 | — | 484 | 7 | (30 | ) | (406 | ) | — | 270 | 47,408 | 1,770 | |||||||||||||||||||||||||
Inst-R-E | 3 | 42 | 25 | — | 5 | — | — | (5 | ) | — | 1 | 12 | 25 | ||||||||||||||||||||||||||
Total | 2,914 | 53,486 | 22,751 | — | 5,759 | 77 | (2,629 | ) | (8,079 | ) | — | 2,216 | 47,551 | 17,879 | |||||||||||||||||||||||||
Additional credits and accrued interest thereon: | |||||||||||||||||||||||||||||||||||||||
Inst I95 | — | — | — | 69 | — | — | — | — | (69 | ) | — | — | — | ||||||||||||||||||||||||||
Inst-E | — | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | ||||||||||||||||||||||||||
Inst-R | — | — | — | 7 | — | — | — | — | (7 | ) | — | — | — | ||||||||||||||||||||||||||
Total | — | — | — | 77 | — | — | — | — | (77 | ) | — | — | — | ||||||||||||||||||||||||||
Res for accrued 3rd year 2113 - Install-ment Prod only. | — | — | 203 | 30 | (201 | ) | — | — | — | — | — | — | 32 | ||||||||||||||||||||||||||
Total | — | — | 203 | 30 | (201 | ) | — | — | — | — | — | — | 32 | ||||||||||||||||||||||||||
Total Installment Certificates | 2,914 | 53,486 | 22,954 | 107 | 5,558 | 77 | (2,629 | ) | (8,079 | ) | (77 | ) | 2,216 | 47,551 | 17,911 | ||||||||||||||||||||||||
Single Pay - Non Qualified Certificates | |||||||||||||||||||||||||||||||||||||||
Single-Payment certificates: | |||||||||||||||||||||||||||||||||||||||
IC-2-84 - 115,116,117,118,119 | 3.5 | 2 | 4 | 4 | — | — | — | — | (2 | ) | — | 1 | 2 | 2 | |||||||||||||||||||||||||
IC-2-85-120, 121,122,123, 124,125,126,127,128,129,130 | 3.5 | 1 | 14 | 14 | — | — | — | — | — | — | 1 | 14 | 14 | ||||||||||||||||||||||||||
IC-Flexible Savings (Variable Term) - 165 | 68,313 | 1,304,487 | 1,374,559 | — | 514,443 | 10,770 | (3,200 | ) | (511,423 | ) | — | 64,341 | 1,323,771 | 1,385,149 | |||||||||||||||||||||||||
IC-Flexible Savings Emp (VT) - 166 | 68 | 647 | 824 | — | 8 | 4 | (124 | ) | (149 | ) | — | 45 | 466 | 563 | |||||||||||||||||||||||||
Cash Reserve Variable PMT-3mo. - 662 | 34,039 | 1,147,873 | 1,151,542 | — | 1,371,901 | 4,187 | (1,873 | ) | (1,169,764 | ) | — | 40,292 | 1,351,071 | 1,355,993 | |||||||||||||||||||||||||
IC-Stock Market - 180 | 23,221 | 183,110 | 201,837 | — | 30,697 | 2,911 | (3,496 | ) | (42,134 | ) | — | 20,731 | 173,338 | 189,815 | |||||||||||||||||||||||||
IC-MSC - 181 | 12,986 | 234,180 | 260,586 | — | 26,049 | 3,353 | — | (38,675 | ) | — | 11,947 | 226,349 | 251,313 | ||||||||||||||||||||||||||
Total | 138,630 | 2,870,315 | 2,989,366 | — | 1,943,098 | 21,225 | (8,693 | ) | (1,762,147 | ) | — | 137,358 | 3,075,011 | 3,182,849 | |||||||||||||||||||||||||
Additional credits and accrued interest thereon: | |||||||||||||||||||||||||||||||||||||||
IC-2-84 | 3.5 | — | — | 2 | — | — | — | — | (1 | ) | — | — | — | 1 | |||||||||||||||||||||||||
IC-Flexible Savings | — | — | 484 | 11,215 | — | — | — | (487 | ) | (10,776 | ) | — | — | 436 | |||||||||||||||||||||||||
IC-Preferred Investors | — | — | 1 | — | — | — | — | — | — | — | — | 1 | |||||||||||||||||||||||||||
IC-FS-EMP | — | — | 1 | 6 | — | — | — | (2 | ) | (4 | ) | — | — | 1 | |||||||||||||||||||||||||
Cash Reserve Variable Payment-3mo. | — | — | 162 | 4,764 | — | — | — | (581 | ) | (4,191 | ) | — | — | 154 | |||||||||||||||||||||||||
F-104
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2014
(in thousands)
Part 1 - Summary of Changes | |||||||||||||||||||||||||||||||||||||||
Description | Year Ended December 31, 2014 | ||||||||||||||||||||||||||||||||||||||
Yield to maturity on an annual payment basis | Balance at beginning of period | Additions | Deductions | Balance at close of period | |||||||||||||||||||||||||||||||||||
No. of accounts with security holders | Amount of maturity value | Amount of reserves | Charged to profit and loss or income | Reserve payments by certificate holders | Charged to other accounts (per part 2) | Maturities | Cash surrenders prior to maturity | Credited to other accounts (per part 2) | Number of accounts with security holders | Amount of maturity value | Amount of reserves | ||||||||||||||||||||||||||||
IC-Stk Mkt, 2004/16/31-4000/16 | — | — | 26 | 42 | — | — | — | (4 | ) | (40 | ) | — | — | 24 | |||||||||||||||||||||||||
IC-MSC | — | — | 12 | 44 | — | — | — | — | (44 | ) | — | — | 12 | ||||||||||||||||||||||||||
Total | — | — | 688 | 16,071 | — | — | — | (1,075 | ) | (15,055 | ) | — | — | 629 | |||||||||||||||||||||||||
Accrued for additional credits to be allowed at next anniversaries: | |||||||||||||||||||||||||||||||||||||||
SP 75 | — | — | (1 | ) | — | — | — | — | — | — | — | — | (1 | ) | |||||||||||||||||||||||||
IC-Stock | — | — | 2,913 | 2,467 | — | — | — | (78 | ) | (2,872 | ) | — | — | 2,430 | |||||||||||||||||||||||||
IC-Market Strategy Certificate - Part Int 2019/2102/4061 | — | — | 3,361 | 2,914 | — | — | — | (115 | ) | (3,311 | ) | — | — | 2,849 | |||||||||||||||||||||||||
Total | — | — | 6,273 | 5,381 | — | — | — | (193 | ) | (6,183 | ) | — | — | 5,278 | |||||||||||||||||||||||||
Total Single Pay - Non Qualified Certificates | 138,630 | 2,870,315 | 2,996,327 | 21,452 | 1,943,098 | 21,225 | (8,693 | ) | (1,763,415 | ) | (21,238 | ) | 137,358 | 3,075,011 | 3,188,756 | ||||||||||||||||||||||||
R-Series Single Pay - Qualified Certificates | |||||||||||||||||||||||||||||||||||||||
R-77 - 910 | 3.5 | 3 | 12 | 18 | — | — | 1 | — | — | — | 3 | 12 | 19 | ||||||||||||||||||||||||||
R-78 - 911 | 3.5 | 7 | 43 | 57 | — | — | 2 | — | — | — | 7 | 43 | 59 | ||||||||||||||||||||||||||
R-79 - 912 | 3.5 | 5 | 41 | 53 | — | — | 2 | — | — | — | 5 | 40 | 55 | ||||||||||||||||||||||||||
R-80 - 913 | 3.5 | 5 | 26 | 30 | — | — | 1 | — | — | — | 5 | 26 | 31 | ||||||||||||||||||||||||||
R-81 - 914 | 3.5 | 4 | 29 | 32 | — | — | 1 | — | — | — | 4 | 28 | 33 | ||||||||||||||||||||||||||
R-82A - 915 | 3.5 | 16 | 68 | 65 | — | — | 2 | — | (3 | ) | — | 16 | 66 | 64 | |||||||||||||||||||||||||
RP-Q - 916 | 58 | 81 | 239 | — | — | 1 | — | (32 | ) | — | 54 | 71 | 208 | ||||||||||||||||||||||||||
R-II - 920 | 3.5 | 13 | 103 | 78 | — | — | 3 | — | (5 | ) | — | 14 | 96 | 76 | |||||||||||||||||||||||||
RP-Flexible Savings - 971 | 27,488 | 557,194 | 581,991 | — | 137,711 | 4,541 | (299 | ) | (174,511 | ) | — | 25,704 | 528,481 | 549,433 | |||||||||||||||||||||||||
Cash Reserve RP-3 mo. - 972 | 7,076 | 202,819 | 204,600 | — | 347,885 | 749 | (12 | ) | (267,394 | ) | — | 10,298 | 284,994 | 285,828 | |||||||||||||||||||||||||
RP-Flexible Savings Emp - 973 | 25 | 340 | 436 | — | — | 4 | (15 | ) | (129 | ) | — | 17 | 224 | 296 | |||||||||||||||||||||||||
RP-Stock Market - 960 | 6,787 | 72,493 | 78,197 | — | 10,866 | 1,137 | (219 | ) | (16,784 | ) | — | 6,192 | 68,158 | 73,197 | |||||||||||||||||||||||||
Market Strategy Cert - 961 | 2,758 | 67,736 | 72,975 | — | 6,682 | 943 | — | (11,641 | ) | — | 2,610 | 64,242 | 68,959 | ||||||||||||||||||||||||||
D-1 - 990-993 | 16 | 1,428 | 1,653 | — | 5 | 8 | (26 | ) | (310 | ) | — | 10 | 1,154 | 1,330 | |||||||||||||||||||||||||
Total | 44,261 | 902,413 | 940,424 | — | 503,149 | 7,395 | (571 | ) | (470,809 | ) | — | 44,939 | 947,635 | 979,588 | |||||||||||||||||||||||||
Additional Interest on R-Series Single Payment Reserves: | |||||||||||||||||||||||||||||||||||||||
R-77 | 3.5 | — | — | 2 | 1 | — | — | — | — | (1 | ) | — | — | 2 | |||||||||||||||||||||||||
R-78 | 3.5 | — | — | 2 | 2 | — | — | — | — | (2 | ) | — | — | 2 | |||||||||||||||||||||||||
R-79 | 3.5 | — | — | 2 | 2 | — | — | — | — | (2 | ) | — | — | 2 | |||||||||||||||||||||||||
R-80 | 3.5 | — | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | |||||||||||||||||||||||||
R-81 | 3.5 | — | — | 1 | 1 | — | — | — | — | (1 | ) | — | — | 1 | |||||||||||||||||||||||||
R-82A | 3.5 | — | — | 2 | 2 | — | — | — | — | (2 | ) | — | — | 2 | |||||||||||||||||||||||||
RP-Q | — | — | — | 1 | — | — | — | — | (1 | ) | — | — | — | ||||||||||||||||||||||||||
R-II | 3.5 | — | — | 2 | 3 | — | — | — | — | (3 | ) | — | — | 2 | |||||||||||||||||||||||||
RP-Flexible Savings | — | — | 194 | 4,607 | — | — | — | (93 | ) | (4,541 | ) | — | — | 167 | |||||||||||||||||||||||||
Cash Reserve RP-3 mo | — | — | 28 | 899 | — | — | — | (145 | ) | (749 | ) | — | — | 33 | |||||||||||||||||||||||||
RP-Flexible Savings Emp | — | — | — | 4 | — | — | — | — | (4 | ) | — | — | — | ||||||||||||||||||||||||||
RP-Stock Market | — | — | 9 | 15 | — | — | — | (1 | ) | (15 | ) | — | — | 8 | |||||||||||||||||||||||||
Market Strategy Cert | — | — | 8 | 15 | — | — | — | — | (16 | ) | — | — | 7 | ||||||||||||||||||||||||||
D-1 - 400 | 11 | 32 | — | 12 | — | — | — | (4 | ) | (8 | ) | 10 | 9 | — | |||||||||||||||||||||||||
Total | 11 | 32 | 250 | 5,565 | — | — | — | (243 | ) | (5,346 | ) | 10 | 9 | 226 | |||||||||||||||||||||||||
F-105
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2014
(in thousands)
Part 1 - Summary of Changes | |||||||||||||||||||||||||||||||||||||||
Description | Year Ended December 31, 2014 | ||||||||||||||||||||||||||||||||||||||
Yield to maturity on an annual payment basis | Balance at beginning of period | Additions | Deductions | Balance at close of period | |||||||||||||||||||||||||||||||||||
No. of accounts with security holders | Amount of maturity value | Amount of reserves | Charged to profit and loss or income | Reserve payments by certificate holders | Charged to other accounts (per part 2) | Maturities | Cash surrenders prior to maturity | Credited to other accounts (per part 2) | Number of accounts with security holders | Amount of maturity value | Amount of reserves | ||||||||||||||||||||||||||||
Accrued for additional credits to be allowed at next anniversaries | |||||||||||||||||||||||||||||||||||||||
RP-Stock Market | — | — | 1,112 | 948 | — | — | — | (5 | ) | (1,122 | ) | — | — | 933 | |||||||||||||||||||||||||
Market Strategy Cert | — | — | 925 | 790 | — | — | — | (20 | ) | (927 | ) | — | — | 768 | |||||||||||||||||||||||||
Total | — | — | 2,037 | 1,738 | — | — | — | (25 | ) | (2,049 | ) | — | — | 1,701 | |||||||||||||||||||||||||
Total R-Series Single Pay - Qualified Certificates | 44,272 | 902,445 | 942,711 | 7,303 | 503,149 | 7,395 | (571 | ) | (471,077 | ) | (7,395 | ) | 44,949 | 947,644 | 981,515 | ||||||||||||||||||||||||
Fully Paid Up Certificates | |||||||||||||||||||||||||||||||||||||||
Paid-up certificates: | |||||||||||||||||||||||||||||||||||||||
I-76 - 640 | 3.5 | — | — | 41 | 1 | — | — | (28 | ) | (1 | ) | — | — | — | 13 | ||||||||||||||||||||||||
Total | — | — | 41 | 1 | — | — | (28 | ) | (1 | ) | — | — | — | 13 | |||||||||||||||||||||||||
Additional credits and accrued interest thereon: | |||||||||||||||||||||||||||||||||||||||
I-76 | 3.5 | 11 | 42 | 4 | — | — | — | (1 | ) | — | — | 6 | 13 | 3 | |||||||||||||||||||||||||
Total | 11 | 42 | 4 | — | — | — | (1 | ) | — | — | 6 | 13 | 3 | ||||||||||||||||||||||||||
Total Fully Paid-up Certificates | 11 | 42 | 45 | 1 | — | — | (29 | ) | (1 | ) | — | 6 | 13 | 16 | |||||||||||||||||||||||||
Optional Settlement Certificates | |||||||||||||||||||||||||||||||||||||||
Other series and conversions from Single Payment 2.5-3 - Certificates 3-3.5 | — | — | 23,688 | 715 | — | 10 | (2,556 | ) | (1,321 | ) | — | — | — | 20,536 | |||||||||||||||||||||||||
Series R-II & RP-2-84- 88-Prod 921 | 3.5 | — | — | 34 | 1 | — | — | — | (1 | ) | — | — | — | 34 | |||||||||||||||||||||||||
Reserve Plus Single-Payment (Prod 150) | — | — | 6 | — | — | — | (6 | ) | — | — | — | — | — | ||||||||||||||||||||||||||
Series R-Installment (Prod 980, 981,982) | — | — | 18 | — | — | — | — | (1 | ) | — | — | — | 17 | ||||||||||||||||||||||||||
Add’l credits and accrued int. thereon | 2.5 - 3 | — | — | 1,389 | 40 | — | 3 | (219 | ) | (110 | ) | (11 | ) | — | — | 1,092 | |||||||||||||||||||||||
Accrued for additional credits to be allowed at next anniversaries | — | — | — | 2 | — | — | — | — | (2 | ) | — | — | — | ||||||||||||||||||||||||||
Total Optional Settlement | — | — | 25,135 | 758 | — | 13 | (2,781 | ) | (1,433 | ) | (13 | ) | — | — | 21,679 | ||||||||||||||||||||||||
Due to unlocated cert holders | — | — | 203 | — | — | 85 | — | — | (142 | ) | — | — | 146 | ||||||||||||||||||||||||||
Total Certificate Reserves | 185,827 | $ | 3,826,288 | $ | 3,987,375 | $ | 29,621 | $ | 2,451,805 | $ | 28,795 | $ | (14,703 | ) | $ | (2,244,005 | ) | $ | (28,865 | ) | 184,529 | $ | 4,070,219 | $ | 4,210,023 | ||||||||||||||
F-106
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2014
(in thousands)
Part 2 - Descriptions of Additions to Reserves Charged to Other Accounts and Deductions from Reserves Credited to other Accounts | |||
Year Ended December 31, 2014 | |||
Additional credits on installment certificates and accrued interest thereon: | |||
Other additions represent: | |||
Transfers from maturities to extended maturities, additional credits/interest and advance payments | $ | 77 | |
Other deductions represent: | |||
Transfers to reserves on a quarterly basis for Reserve Plus Flexible-Payment, IC-Q-Installment and R-Flexible-Payment | $ | 77 | |
Optional settlement certificates: | |||
Other additions represent: | |||
Transfers from installment certificate reserves (less surrender charges), optional settlement privileges | $ | 10 | |
Transfers from accruals for additional credits to be allowed at next anniversaries | 3 | ||
$ | 13 | ||
Other deductions represent: | |||
Transfers to reserve for additional credits and accrued interest thereon | $ | 2 | |
Transfers to optional settlement reserves | 11 | ||
$ | 13 | ||
Single-Payment certificates: | |||
Other additions represent: | |||
Flexible Savings | $ | 10,770 | |
Flexible Savings-Emp | 4 | ||
Cash Reserve-3mo | 4,187 | ||
Stock Market | 2,911 | ||
Market Strategy | 3,353 | ||
RP-Q | 1 | ||
Cash Reserve-RP-3mo | 749 | ||
Flexible Savings-RP | 4,541 | ||
Flexible Savings-RP-Emp | 4 | ||
Stock Market-RP | 1,137 | ||
Market Strategy-RP | 943 | ||
Transfers from accruals at anniversaries maintained in a separate reserve account | 20 | ||
$ | 28,620 | ||
Other deductions represent: | |||
Transfers to optional settlement reserves: | |||
Single-Payment | $ | 7,166 | |
Transfers to reserves for additional credits and accrued interest thereon | (20 | ) | |
Flexible Savings | 10,783 | ||
Flexible Savings-Emp | 4 | ||
Cash Reserve-3mo | 4,194 | ||
Stock Market | 1 | ||
Market Strategy Cert | 40 | ||
AEBI Stock Market | 44 | ||
RP-Q | 1 | ||
Cash Reserve-RP-3mo | 749 | ||
Flexible Savings-RP | 4,541 | ||
Flexible Savings-RP-Emp | 4 | ||
Stock Market-RP | 1,137 | ||
Transfers to Federal tax withholding | (11 | ) | |
$ | 28,633 | ||
Due to unlocated certificate holders: | |||
Other additions represent: | |||
Amounts equivalent to payments due certificates holders who could not be located | $ | 85 | |
Other deductions represent: | |||
Payments to certificate holders credited to cash | $ | 142 | |
F-107
Ameriprise Certificate Company
Schedule VI — Certificate Reserves (continued)
Year Ended December 31, 2014
(in thousands)
Part 3 - Information Regarding Installment Certificates | ||||||||||||||||||||||||||||||
MO’s Paid | Number of Accounts w/Certificate Holders | Amount of Maturity Value | Amount of Reserves | Deduction from Reserves Cash Surrenders Prior to Maturity Surrender | Other Deductions | |||||||||||||||||||||||||
2013 | 2014 | 2013 | 2014 | 2013 | 2014 | 2014 | 2014 | |||||||||||||||||||||||
1-12 | 149 | 140 | $ | 17,420 | $ | 7,776 | $ | 739 | $ | 602 | $ | 355 | $ | — | ||||||||||||||||
13-24 | 185 | 119 | 9,722 | 7,668 | 697 | 686 | 98 | — | ||||||||||||||||||||||
25-36 | 204 | 154 | 3,704 | 8,064 | 870 | 797 | 66 | — | ||||||||||||||||||||||
37-48 | 187 | 165 | 17,561 | 2,452 | 1,008 | 783 | 148 | — | ||||||||||||||||||||||
49-60 | 526 | 158 | 2,923 | 17,488 | 5,450 | 881 | 216 | — | ||||||||||||||||||||||
61-72 | 422 | 477 | 699 | 2,837 | 3,684 | 5,632 | 302 | — | ||||||||||||||||||||||
73-84 | 255 | 318 | 529 | 631 | 1,954 | 2,787 | 1,071 | — | ||||||||||||||||||||||
85-96 | 242 | 209 | 204 | 486 | 1,947 | 1,512 | 425 | — | ||||||||||||||||||||||
97-108 | 337 | 198 | 626 | 24 | 2,908 | 1,742 | 267 | — | ||||||||||||||||||||||
109-120 | 400 | 269 | 16 | 43 | 3,471 | 2,434 | 329 | — | ||||||||||||||||||||||
121-132 | — | — | — | — | — | — | 894 | — | ||||||||||||||||||||||
133-144 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
145-156 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
157-168 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
169-180 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
181-192 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
193-204 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
205-216 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
217-228 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
229-240 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
241-252 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
253-264 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
265-276 | 1 | — | 36 | — | 1 | — | — | — | ||||||||||||||||||||||
277-288 | 2 | 3 | 12 | 36 | 2 | 1 | 3 | — | ||||||||||||||||||||||
289-300 | — | 2 | — | 12 | — | 2 | — | — | ||||||||||||||||||||||
301-312 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
313-324 | — | — | — | — | — | — | — | — | ||||||||||||||||||||||
325-336 | 1 | — | 12 | — | 11 | — | — | — | ||||||||||||||||||||||
337-348 | 2 | 1 | 16 | 12 | 4 | 11 | — | — | ||||||||||||||||||||||
349-360 | — | 2 | — | 16 | — | 4 | — | — | ||||||||||||||||||||||
361-372 | 1 | — | 6 | — | 5 | — | — | — | ||||||||||||||||||||||
373-384 | — | 1 | — | 6 | — | 5 | — | — | ||||||||||||||||||||||
TOTAL - ALL SERIES | 2,914 | 2,216 | $ | 53,486 | $ | 47,551 | $ | 22,751 | $ | 17,879 | $ | 4,174 | $ | — | ||||||||||||||||
F-108
Ameriprise Certificate Company
Schedule VII — Valuation and Qualifying Accounts
Years Ended December 31, 2016, 2015 and 2014
(in thousands)
Reserves deducted from assets to which they apply | Year Ended December 31, 2016 | ||||||||||
Balance at beginning of period | Change in reserves/ writedowns from 2015 to 2016 | Balance at end of period | |||||||||
Allowance for losses: | |||||||||||
Conventional first mortgage loans and other loans | $ | 3,964 | $ | (681 | ) | $ | 3,283 | ||||
Reserves deducted from assets to which they apply | Year Ended December 31, 2015 | ||||||||||
Balance at beginning of period | Change in reserves/ writedowns from 2014 to 2015 | Balance at end of period | |||||||||
Allowance for losses: | |||||||||||
Conventional first mortgage loans and other loans | $ | 3,464 | $ | 500 | $ | 3,964 | |||||
Reserves deducted from assets to which they apply | Year Ended December 31, 2014 | ||||||||||
Balance at beginning of period | Change in reserves/ writedowns from 2013 to 2014 | Balance at end of period | |||||||||
Allowance for losses: | |||||||||||
Conventional first mortgage loans and other loans | $ | 4,461 | $ | (997 | ) | $ | 3,464 | ||||
F-109
Exhibit Index
The following exhibits are filed as part of this Annual Report:
Exhibit Description
________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
3(a) | Amended and Restated Certificate of Incorporation of American Express Certificate Company, dated August 1, 2005, filed electronically on or about March 10, 2006 as Exhibit 3(a) to Registrant’s Form 10-K is incorporated by reference. |
3(b) | By-Laws of Ameriprise Certificate Company, filed electronically on or about November 5, 2010 as Exhibit 3(b) to Registrant’s Form 10-K, are incorporated herein by reference. |
10(a) | Investment Advisory and Services Agreement, dated Dec. 31, 2006, between Registrant and Columbia Management Investment Advisers, LLC (formerly RiverSource Investments, LLC), filed electronically on or about Feb 26, 2007 as Exhibit 10(a) to Post-Effective Amendment No. 35 to Registration Statement No. 2-95577 for Ameriprise Flexible Savings Certificate is incorporated herein by reference. |
10(b) | Distribution Agreement, dated Dec. 31, 2006, between Registrant and Ameriprise Financial Services, Inc. filed electronically on or about Feb. 26, 2007 as Exhibit 1 to Post-Effective Amendment No. 35 to Registration Statement No. 2-95577 for Ameriprise Flexible Savings Certificate is incorporated herein by reference, as amended by that certain restated Exhibit A, effective May 8, 2015, filed on or about August 3, 2015 as Exhibit 10(b)i to Registrant’s Form 10-Q, is incorporated herein by reference. |
10(c) | Depositary and Custodial Agreement, dated Dec. 31, 2006, between Registrant and Ameriprise Trust Company, filed electronically on or about Feb. 26, 2007 as Exhibit 10(c) to Post-Effective Amendment No. 35 to Registration Statement No. 2-95577 for Ameriprise Flexible Savings Certificate is incorporated herein by reference, as amended effective December 15, 2008, filed on or about May 5, 2014 as exhibit 10(c)i to Registrant’s Form 10-Q, is incorporated herein by reference. |
10(d)* | Transfer Agent Agreement, dated Dec. 31, 2006 between Registrant and Columbia Management Investment Services Corp. (formerly RiverSource Client Service Corporation), filed electronically on or about Feb. 26, 2007 as Exhibit 10(e) to Post-Effective Amendment No. 35 to Registration Statement No. 2-95577 for Ameriprise Flexible Savings Certificate is incorporated herein by reference, as amended effective January 1, 2013, filed on or about February 27, 2013 as exhibit 10(d) to Registrant’s Form 10-K is incorporated herein by reference, as amended effective January 1, 2017 and filed electronically herewith as Exhibit 10(d) to Registrant’s Form 10-K. |
10(e) | Administration and Services Agreement, dated October 1, 2005 between Columbia Management Investment Advisers, LLC (formerly RiverSource Investments, LLC) and Ameriprise Financial, Inc. filed electronically on or about March 10, 2006 as Exhibit 10(s) to Registrant’s Form 10-K is incorporated by reference. |
10(f) | Capital Support Agreement by and between Ameriprise Financial, Inc. and Ameriprise Certificate Company, dated as of March 2, 2009, filed electronically on or about March 3, 2009 as Exhibit 10(f) to Registrant’s Form 10-K is incorporated by reference, as amended effective April 30, 2014, filed on or about May 5, 2014 as exhibit 10(f)i to Registrant’s Form 10-Q, is incorporated herein by reference. |
14(a) | Code of Ethics under Rule 17j-1 for Ameriprise Certificate Company effective August 21, 2013, filed on or about November 4, 2013 as Exhibit 14(a) to Registrant’s Form 10-K, is incorporated herein by reference. |
14(b)* | Code of Ethics adopted under Rule 17j-1 for Registrant’s investment adviser, dated December 15, 2016, is filed electronically herewith as Exhibit 14(b) to Registrant’s Form 10-K. |
14(c)* | Code of Ethics under Rule 17j-1 for Registrant’s underwriter, as revised January 2017, is filed electronically herewith as Exhibit 14(c) to Registrant’s Form 10-K. |
24(a)* | Directors’ Power of Attorney, dated March 2, 2016, is filed electronically herewith as Exhibit 24(a) to Registrant’s Form 10-K. |
31.1* | Certification of Abu M. Arif pursuant to Rule 13a-14(a) promulgated under the Securities Exchange Act of 1934, as amended. |
31.2* | Certification of Janet C. Langner pursuant to Rule 13a-14(a) promulgated under the Securities Exchange Act of 1934, as amended. |
32.1* | Certification of Abu M. Arif and Janet C. Langner pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
____________________________________________________
* Filed electronically herewithin.
E-1