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Name

As of 09/27/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Carillon Reams Core Bond Fund

CRCBX | Fund

$10.31

$457 M

3.60%

$0.37

0.95%

Vitals

YTD Return

-1.7%

1 yr return

0.0%

3 Yr Avg Return

-5.8%

5 Yr Avg Return

1.0%

Net Assets

$457 M

Holdings in Top 10

63.2%

52 WEEK LOW AND HIGH

$10.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.95%

SALES FEES

Front Load 3.75%

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$500

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 09/27/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Carillon Reams Core Bond Fund

CRCBX | Fund

$10.31

$457 M

3.60%

$0.37

0.95%

CRCBX - Profile

Distributions

  • YTD Total Return -1.7%
  • 3 Yr Annualized Total Return -5.8%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.47%
DIVIDENDS
  • Dividend Yield 3.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Carillon Reams Core Bond Fund
  • Fund Family Name
    Carillon Family of Funds
  • Inception Date
    Nov 20, 2017
  • Shares Outstanding
    329723
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Mark Egan

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets in bonds of varying maturities, including mortgage- and asset-backed securities. The bonds in which the fund may invest also include other fixed income instruments such as debt securities, to‑be‑announced securities and other similar instruments issued by various U.S. and non‑U.S. public- or private-sector entities.
The fund invests primarily in investment grade securities. Investment grade securities include securities rated in one of the four highest rating categories by a nationally recognized statistical rating organization, such as BBB‑ or higher by Standard & Poor’s Financial Services LLC (“S&P®”). If an investment held by the fund is downgraded below investment grade, the fund may either sell or continue to hold the security. In addition, the fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis. All securities will be U.S. dollar denominated although they may be securities of foreign issuers. Mortgage-backed securities are pools of mortgage loans that are assembled as securities for sale to investors by various governmental, government-related and private organizations. Asset-backed securities are securities that are secured or “backed” by pools of various types of assets, such as automobile loans, consumer loans, credit cards and equipment leases, on which cash payments are due at fixed intervals over set periods of time. The fund may invest in fixed income securities with call features.
The fund may invest in derivative instruments, such as futures contracts (including interest rate, bond, U.S. Treasury and fixed income index futures contracts), forwards and credit default swap agreements subject to applicable law and any other restrictions described in the fund’s Prospectus or Statement of Additional Information (“SAI”). The fund’s investment in credit default swap agreements may include both single-name credit default swap agreements and credit default swap index products, such as CDX index products. The use of these derivative transactions may allow the fund to obtain net long or short exposures to select interest rates, countries, durations or credit risks. These derivatives may be used to enhance fund returns, increase liquidity, manage the duration of the fund’s portfolio and/or gain exposure to certain instruments or markets (i.e., the corporate bond market) in a more efficient or less expensive way. The credit default swap agreements that the fund invests in may provide exposure to an index of securities representative of the entire investment grade fixed income market. Derivative instruments that provide exposure to bonds may be used to satisfy the fund’s 80% investment policy. For the purposes of the fund’s 80% investment policy, the fund’s derivatives investments, other than credit default swaps where the fund is a protection seller, are valued at market value. Credit default swaps where the fund is a protection seller are valued at notional value.
The portfolio management team attempts to maximize total return over a long-term horizon through opportunistic investing in a broad array of eligible securities. The investment process combines top‑down interest rate management with bottom‑up fixed income security selection, focusing on undervalued issues in the fixed income market. The portfolio management team first establishes the portfolio’s duration, or interest rate sensitivity. The portfolio management team determines whether the fixed income market is under- or over-priced by comparing current real interest rates (the nominal rates on U.S. Treasury securities less the investment adviser’s estimate of inflation) to historical real interest rates. If the current real interest rate is higher than historical norms, the market is considered undervalued and the portfolio management team will manage the portfolio with a duration greater than the benchmark. Duration is a measure used to determine the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates. If the current real interest rate is less than historical norms, the market is considered overvalued and the portfolio management team will run a defensive portfolio by managing the portfolio with a duration less than the benchmark. The portfolio management team normally
structures the fund so that the overall portfolio has a duration of less than eight years based on market conditions. For purposes of calculating the fund’s portfolio duration, the fund includes the effect of the derivative instruments held by the fund.
The investment adviser then considers sector exposures. Sector exposure decisions are made on both a top‑down and bottom‑up basis. A bottom‑up issue selection process is the major determinant of sector exposure, as the availability of attractive securities in each sector determines their underweighting or overweighting in the fund subject to sector exposure constraints. However, for the more generic holdings in the fund, such as agency notes and pass-through mortgage backed securities, top‑down considerations will drive the sector allocation process on the basis of overall measurements of sector value such as yield spreads or price levels.
Once the investment adviser has determined an overall market strategy, the investment adviser selects the most attractive fixed income securities for the fund. The portfolio managers screen hundreds of securities to determine how each will perform in various interest rate environments. The portfolio managers construct these scenarios by considering the outlook for interest rates, fundamental credit analysis and option-adjusted spread analysis. The portfolio managers compare these investment opportunities and assemble the fund’s portfolio from the best available values. The investment adviser constantly monitors the expected returns of the securities in the fund versus those available in the market and of other securities the investment adviser is considering for purchase. The investment adviser’s strategy is to replace securities that it feels are approaching fair market value with those that, according to its analysis, are significantly undervalued. As a result of this strategy, the fund’s portfolio turnover rate will vary from year to year depending on market conditions and the fund may engage in frequent and active trading.
The fund may lend its securities to broker-dealers and other financial institutions to earn additional income.
Read More

CRCBX - Performance

Return Ranking - Trailing

Period CRCBX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.7% -8.3% 4.4% 74.15%
1 Yr 0.0% -18.7% 4.9% 54.40%
3 Yr -5.8%* -12.6% 46.0% 83.89%
5 Yr 1.0%* -7.3% 54.7% 20.81%
10 Yr N/A* -4.1% 12.5% 47.13%

* Annualized

Return Ranking - Calendar

Period CRCBX Return Category Return Low Category Return High Rank in Category (%)
2022 -15.2% -34.7% 7.0% 24.36%
2021 -3.1% -11.6% 15.7% 41.12%
2020 11.8% -10.1% 946.1% 4.91%
2019 3.3% -1.7% 156.4% 90.88%
2018 -1.1% -9.4% 3.3% 2.39%

Total Return Ranking - Trailing

Period CRCBX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.7% -7.4% 6.8% 74.15%
1 Yr 0.0% -14.8% 7.4% 54.40%
3 Yr -5.8%* -9.7% 50.6% 83.89%
5 Yr 1.0%* -3.5% 190.7% 20.81%
10 Yr N/A* -1.1% 73.4% 68.09%

* Annualized

Total Return Ranking - Calendar

Period CRCBX Return Category Return Low Category Return High Rank in Category (%)
2022 -13.6% -32.2% 7.0% 53.96%
2021 -2.4% -5.9% 15.7% 93.29%
2020 15.0% -9.6% 978.6% 9.50%
2019 7.4% 1.1% 21668.0% 83.31%
2018 0.9% -5.7% 6.2% 6.45%

NAV & Total Return History

CRCBX - Holdings

Concentration Analysis

CRCBX Category Low Category High CRCBX % Rank
Net Assets 457 M 234 K 299 B 65.94%
Number of Holdings 181 1 17234 86.81%
Net Assets in Top 10 289 M -106 M 27.6 B 54.21%
Weighting of Top 10 63.21% 3.7% 123.9% 10.68%

Top 10 Holdings

  1. Fannie Mae or Freddie Mac 12.20%
  2. Fannie Mae or Freddie Mac 10.47%
  3. United States Treasury Bill 10.07%
  4. United States Treasury Note/Bond 7.79%
  5. United States Treasury Note/Bond 5.79%
  6. United States Treasury Note/Bond 5.06%
  7. United States Treasury Note/Bond 3.84%
  8. Fannie Mae or Freddie Mac 3.03%
  9. United States Treasury Inflation Indexed Bonds 2.64%
  10. Fannie Mae or Freddie Mac 2.32%

Asset Allocation

Weighting Return Low Return High CRCBX % Rank
Bonds 		111.78% 3.97% 268.18% 7.73%
Other 		17.01% -13.23% 4.55% 16.92%
Convertible Bonds 		0.99% 0.00% 7.93% 66.89%
Stocks 		0.00% -0.55% 24.74% 55.82%
Preferred Stocks 		0.00% 0.00% 77.13% 50.38%
Cash 		0.00% -181.13% 95.99% 94.55%

Bond Sector Breakdown

Weighting Return Low Return High CRCBX % Rank
Government 		39.86% 0.00% 86.23% 17.23%
Corporate 		29.45% 0.00% 100.00% 50.91%
Securitized 		26.21% 0.00% 98.40% 63.14%
Derivative 		0.00% 0.00% 25.16% 41.40%
Cash & Equivalents 		0.00% 0.00% 95.99% 93.79%
Municipal 		0.00% 0.00% 100.00% 80.94%

Bond Geographic Breakdown

Weighting Return Low Return High CRCBX % Rank
US 		111.78% 3.63% 210.09% 5.93%
Non US 		0.00% -6.54% 58.09% 58.80%

CRCBX - Expenses

Operational Fees

CRCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.95% 0.01% 20.64% 29.54%
Management Fee 0.40% 0.00% 1.76% 61.49%
12b-1 Fee 0.25% 0.00% 1.00% 32.09%
Administrative Fee 0.10% 0.01% 0.50% 54.18%

Sales Fees

CRCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 2.00% 5.75% 54.86%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

CRCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CRCBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 493.39% 84.03%

CRCBX - Distributions

Dividend Yield Analysis

CRCBX Category Low Category High CRCBX % Rank
Dividend Yield 3.60% 0.00% 10.58% 81.55%

Dividend Distribution Analysis

CRCBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

CRCBX Category Low Category High CRCBX % Rank
Net Income Ratio 0.47% -1.28% 8.97% 96.48%

Capital Gain Distribution Analysis

CRCBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

CRCBX - Fund Manager Analysis

Managers

Mark Egan

Start Date

Tenure

Tenure Rank

Feb 23, 2001

21.28

21.3%

Mark M. Egan joined Scout on November 30, 2010, when it acquired Reams Asset Management Company, LLC. He oversees the entire fixed income division of Scout, and retains oversight over all investment decisions. Mr. Egan was a portfolio manager of Reams Asset Management Company, LLC (“Reams”) from April 1994 until November 2010 and was a portfolio manager of Reams Asset Management Company, Inc. from June 1990 until March 1994. Mr. Egan was a portfolio manager of National Investment Services until May 1990. He is a CFA® charterholder and a member of the CFA® Institute.

Todd Thompson

Start Date

Tenure

Tenure Rank

Feb 23, 2001

21.28

21.3%

Mr. Thompson joined Scout on November 30, 2010, when it acquired Reams Asset Management Company, LLC. He was a portfolio manager at Reams from July 2001 until November 2010. Mr. Thompson was a portfolio manager at Conseco Capital Management from 1999 until June 2001 and was a portfolio manager at the Ohio Public Employees Retirement System from 1994 until 1999.

Clark Holland

Start Date

Tenure

Tenure Rank

Oct 31, 2014

7.59

7.6%

Clark W. Holland, CFA, joined the Scout Investments, Inc. on November 30, 2010 and became a portfolio manager in October 2014. He was a portfolio analyst at the Advisor from December 2010 until October 2014 and at Reams from February 2002 until November 2010. Prior to joining the firm, Mr. Holland was a portfolio manager and investment product specialist at Wells Fargo Investment Management Group. He is a CFA® charterholder and a member of the CFA Institute.

Jason Hoyer

Start Date

Tenure

Tenure Rank

Apr 01, 2018

4.17

4.2%

Mr. Hoyer joined Scout on April 20, 2015 as a fixed income credit analyst and became a portfolio manager effective April 1, 2018. Prior to joining Reams, the fixed income division of Scout, in 2015, Mr. Hoyer was a senior credit analyst at 40 | 86 Advisors and a director in the research department at Fiduciary Management Associates. He is a CFA® charterholder and a member of the CFA® Institute.

Tilak Silva

Start Date

Tenure

Tenure Rank

Mar 05, 2021

1.24

1.2%

Mr. Silva will join Scout in March 2021 as a portfolio manager. Prior to joining the firm, Mr. Silva was a portfolio manager at AllianceBerstein, L.P., since 2013 and lead portfolio manager since 2018. He is a CFA® charterholder and a member of the CFA® Institute.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.83 1.16

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