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Carillon Reams Core Plus Bond Fund
mutual fund
SCPZX
Payout Change
Pending
Price as of:
$29.18
+0.02
+0.07%
primary theme
U.S. Intermediate-Term Bond Duration
share class
SCPZX (Mutual Fund)
Carillon Reams Core Plus Bond Fund
Payout Change
Pending
Price as of:
$29.18
+0.02
+0.07%
primary theme
U.S. Intermediate-Term Bond Duration
share class
SCPZX (Mutual Fund)
Carillon Reams Core Plus Bond Fund
Payout Change
Pending
Price as of:
$29.18
+0.02
+0.07%
primary theme
U.S. Intermediate-Term Bond Duration
share class
Name
As of 12/24/2024Price
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
Vitals
YTD Return
1.2%
1 yr return
1.5%
3 Yr Avg Return
-1.7%
5 Yr Avg Return
1.6%
Net Assets
$1.59 B
Holdings in Top 10
42.6%
52 WEEK LOW AND HIGH
$29.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.64%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$10,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
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
SCPZX - Profile
Distributions
- YTD Total Return 1.2%
- 3 Yr Annualized Total Return -1.7%
- 5 Yr Annualized Total Return 1.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.04%
- Dividend Yield 4.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameCarillon Reams Core Plus Bond Fund
-
Fund Family NameCarillon Family of Funds
-
Inception DateNov 25, 1996
-
Shares Outstanding32165700
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMark 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, collateralized loan obligations (“CLOs”) 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, but may also invest up to 25% of its assets in non‑investment grade securities, also known as high yield securities or “junk” bonds. If an investment held by the fund that is downgraded below investment grade causes the fund to exceed this limit, the fund may either sell or may continue to hold the security. 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®”). In addition, the fund may purchase or sell securities on a when-issued, delayed delivery or forward commitment basis. Foreign securities will generally be U.S. dollar denominated, but the fund may also invest in securities denominated in foreign currencies. 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. CLOs are a type of securitized debt, ordinarily issued by a trust or other special purpose entity, and are typically collateralized by a pool of loans, which may include, among others, domestic and foreign senior secured loans, senior unsecured loans, and subordinate corporate loans, including loans that may be rated below investment grade. The fund may invest in fixed income securities with call features.
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The fund may invest in derivative instruments, such as options (including options on futures contracts), futures contracts (including interest rate, bond, U.S. Treasury and fixed income index futures contracts), currency and other forwards, including non-deliverable forwards (“NDFs”), and swap agreements (including credit default swaps) 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 currencies, 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 and high yield fixed income markets, which can include underlying issuers rated as low as CCC by S&P®. 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 portfolio management team 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 portfolio management team has determined an overall market strategy, the portfolio management team 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 portfolio management team 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 portfolio management team’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.
SCPZX - Performance
Return Ranking - Trailing
| Period | SCPZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.2% | -7.8% | 11.6% | 66.91% |
| 1 Yr | 1.5% | -7.5% | 11.7% | 67.43% |
| 3 Yr | -1.7%* | -11.0% | 27.4% | 19.30% |
| 5 Yr | 1.6%* | -7.6% | 58.4% | 4.38% |
| 10 Yr | 2.4%* | -3.0% | 73.8% | 7.85% |
* Annualized
Return Ranking - Calendar
| Period | SCPZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 1.7% | -16.2% | 8.1% | 67.15% |
| 2022 | -14.4% | -34.7% | 131.9% | 12.98% |
| 2021 | -3.2% | -11.6% | 4.4% | 42.16% |
| 2020 | 10.1% | -9.9% | 946.1% | 5.18% |
| 2019 | 3.6% | -1.7% | 16.9% | 88.36% |
Total Return Ranking - Trailing
| Period | SCPZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.2% | -7.8% | 11.6% | 66.91% |
| 1 Yr | 1.5% | -7.5% | 11.7% | 67.43% |
| 3 Yr | -1.7%* | -11.0% | 27.4% | 19.30% |
| 5 Yr | 1.6%* | -7.6% | 58.4% | 4.38% |
| 10 Yr | 2.4%* | -3.0% | 73.8% | 7.85% |
* Annualized
Total Return Ranking - Calendar
| Period | SCPZX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 6.3% | -11.3% | 11.9% | 41.27% |
| 2022 | -11.8% | -32.2% | 131.9% | 10.21% |
| 2021 | -2.0% | -9.4% | 9.2% | 85.21% |
| 2020 | 16.6% | -1.9% | 1009.0% | 4.72% |
| 2019 | 8.3% | 1.1% | 21668.0% | 66.03% |
NAV & Total Return History
SCPZX - Holdings
Concentration Analysis
| SCPZX | Category Low | Category High | SCPZX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.59 B | 2.9 M | 314 B | 50.16% |
| Number of Holdings | 241 | 1 | 17880 | 83.80% |
| Net Assets in Top 10 | 771 M | 1.62 M | 35.1 B | 34.68% |
| Weighting of Top 10 | 42.57% | 4.7% | 3984.6% | 15.12% |
Top 10 Holdings
- Fannie Mae or Freddie Mac 9.18%
- United States Treasury Note/Bond 8.49%
- United States Treasury Bill 4.86%
- United States Treasury Note/Bond 3.75%
- United States Treasury Note/Bond 3.69%
- United States Treasury Note/Bond 3.08%
- Fannie Mae or Freddie Mac 2.87%
- Fannie Mae or Freddie Mac 2.49%
- United States Treasury Note/Bond 2.17%
- Fannie Mae or Freddie Mac 1.98%
Asset Allocation
| Weighting | Return Low | Return High | SCPZX % Rank | |
|---|---|---|---|---|
| Bonds | 88.08% | 0.00% | 9231.88% | 77.82% |
| Other | 22.61% | -27.25% | 1695.17% | 6.75% |
| Convertible Bonds | 1.14% | 0.00% | 7.93% | 62.34% |
| Stocks | 0.00% | 0.00% | 99.98% | 61.04% |
| Preferred Stocks | 0.00% | 0.00% | 72.34% | 56.49% |
| Cash | 0.00% | -54.51% | 237.69% | 95.53% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | SCPZX % Rank | |
|---|---|---|---|---|
| Government | 42.64% | 0.00% | 86.23% | 13.70% |
| Corporate | 25.73% | 0.00% | 100.00% | 66.00% |
| Securitized | 21.00% | 0.00% | 98.40% | 79.39% |
| Derivative | 0.29% | -6.56% | 43.84% | 12.15% |
| Cash & Equivalents | 0.00% | 0.00% | 237.69% | 93.77% |
| Municipal | 0.00% | 0.00% | 100.00% | 84.00% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | SCPZX % Rank | |
|---|---|---|---|---|
| US | 86.70% | 0.00% | 9042.62% | 74.87% |
| Non US | 1.38% | 0.00% | 189.26% | 23.47% |
SCPZX - Expenses
Operational Fees
| SCPZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.64% | 0.01% | 39.64% | 54.96% |
| Management Fee | 0.40% | 0.00% | 1.76% | 66.42% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 5.03% |
| Administrative Fee | 0.10% | 0.01% | 0.50% | 56.23% |
Sales Fees
| SCPZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| SCPZX 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.
| SCPZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 2.00% | 493.39% | 85.81% |
SCPZX - Distributions
Dividend Yield Analysis
| SCPZX | Category Low | Category High | SCPZX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 4.48% | 0.00% | 10.11% | 16.89% |
Dividend Distribution Analysis
| SCPZX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | SemiAnnual | Monthly | Quarterly |
Net Income Ratio Analysis
| SCPZX | Category Low | Category High | SCPZX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.04% | -1.28% | 4.79% | 87.29% |
Capital Gain Distribution Analysis
| SCPZX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 02, 2024 | $0.109 | OrdinaryDividend |
| Nov 01, 2024 | $0.141 | OrdinaryDividend |
| Oct 01, 2024 | $0.108 | OrdinaryDividend |
| Sep 03, 2024 | $0.100 | OrdinaryDividend |
| Aug 01, 2024 | $0.105 | OrdinaryDividend |
| May 01, 2024 | $0.102 | OrdinaryDividend |
| Apr 01, 2024 | $0.133 | OrdinaryDividend |
| Feb 27, 2024 | $0.067 | OrdinaryDividend |
| Feb 01, 2024 | $0.151 | OrdinaryDividend |
| Dec 27, 2023 | $0.121 | OrdinaryDividend |
| Dec 01, 2023 | $0.111 | OrdinaryDividend |
| Nov 01, 2023 | $0.102 | OrdinaryDividend |
| Oct 02, 2023 | $0.111 | OrdinaryDividend |
| Sep 01, 2023 | $0.110 | OrdinaryDividend |
| Aug 01, 2023 | $0.079 | OrdinaryDividend |
| Jul 03, 2023 | $0.118 | OrdinaryDividend |
| Jun 01, 2023 | $0.120 | OrdinaryDividend |
| May 01, 2023 | $0.082 | OrdinaryDividend |
| Apr 03, 2023 | $0.161 | OrdinaryDividend |
| Mar 01, 2023 | $0.094 | OrdinaryDividend |
| Feb 01, 2023 | $0.089 | OrdinaryDividend |
| Dec 28, 2022 | $0.209 | OrdinaryDividend |
| Dec 01, 2022 | $0.066 | OrdinaryDividend |
| Nov 01, 2022 | $0.235 | OrdinaryDividend |
| Oct 03, 2022 | $0.123 | OrdinaryDividend |
| Sep 01, 2022 | $0.055 | OrdinaryDividend |
| Aug 01, 2022 | $0.178 | OrdinaryDividend |
| Jul 01, 2022 | $0.039 | OrdinaryDividend |
| Dec 28, 2021 | $0.063 | OrdinaryDividend |
| Dec 01, 2021 | $0.114 | OrdinaryDividend |
| Nov 01, 2021 | $0.022 | OrdinaryDividend |
| Oct 01, 2021 | $0.008 | OrdinaryDividend |
| Aug 02, 2021 | $0.057 | OrdinaryDividend |
| Jul 01, 2021 | $0.025 | OrdinaryDividend |
| Jun 01, 2021 | $0.026 | OrdinaryDividend |
| May 03, 2021 | $0.031 | OrdinaryDividend |
| Apr 01, 2021 | $0.031 | OrdinaryDividend |
| Mar 01, 2021 | $0.033 | OrdinaryDividend |
| Feb 01, 2021 | $0.030 | OrdinaryDividend |
| Dec 29, 2020 | $0.030 | OrdinaryDividend |
| Dec 29, 2020 | $1.266 | CapitalGainShortTerm |
| Dec 29, 2020 | $0.106 | CapitalGainLongTerm |
| Dec 01, 2020 | $0.197 | OrdinaryDividend |
| Nov 02, 2020 | $0.037 | OrdinaryDividend |
| Oct 01, 2020 | $0.038 | OrdinaryDividend |
| Sep 01, 2020 | $0.039 | OrdinaryDividend |
| Aug 03, 2020 | $0.044 | OrdinaryDividend |
| Jul 01, 2020 | $0.054 | OrdinaryDividend |
| Jun 01, 2020 | $0.071 | OrdinaryDividend |
| May 01, 2020 | $0.078 | OrdinaryDividend |
| Apr 01, 2020 | $0.056 | OrdinaryDividend |
| Mar 02, 2020 | $0.049 | OrdinaryDividend |
| Dec 27, 2019 | $0.168 | OrdinaryDividend |
| Dec 27, 2019 | $0.615 | CapitalGainShortTerm |
| Dec 02, 2019 | $0.112 | OrdinaryDividend |
| Nov 01, 2019 | $0.052 | OrdinaryDividend |
| Oct 01, 2019 | $0.053 | OrdinaryDividend |
| Sep 03, 2019 | $0.048 | OrdinaryDividend |
| Aug 01, 2019 | $0.068 | OrdinaryDividend |
| Jul 01, 2019 | $0.053 | OrdinaryDividend |
| Jun 03, 2019 | $0.065 | OrdinaryDividend |
| May 01, 2019 | $0.070 | OrdinaryDividend |
| Apr 01, 2019 | $0.069 | OrdinaryDividend |
| Mar 01, 2019 | $0.058 | OrdinaryDividend |
| Feb 01, 2019 | $0.019 | OrdinaryDividend |
| Dec 27, 2018 | $0.101 | OrdinaryDividend |
| Dec 03, 2018 | $0.050 | OrdinaryDividend |
| Nov 01, 2018 | $0.067 | OrdinaryDividend |
| Oct 01, 2018 | $0.060 | OrdinaryDividend |
| Sep 04, 2018 | $0.056 | OrdinaryDividend |
| Aug 01, 2018 | $0.059 | OrdinaryDividend |
| Jul 02, 2018 | $0.059 | OrdinaryDividend |
| Jun 01, 2018 | $0.056 | OrdinaryDividend |
| May 01, 2018 | $0.055 | OrdinaryDividend |
| Apr 02, 2018 | $0.056 | OrdinaryDividend |
| Mar 01, 2018 | $0.053 | OrdinaryDividend |
| Feb 01, 2018 | $0.033 | OrdinaryDividend |
| Dec 28, 2017 | $0.070 | OrdinaryDividend |
| Dec 01, 2017 | $0.042 | OrdinaryDividend |
| Dec 16, 2016 | $0.731 | CapitalGainShortTerm |
| Dec 16, 2016 | $0.003 | CapitalGainLongTerm |
| Dec 18, 2015 | $0.358 | CapitalGainShortTerm |
| Dec 18, 2015 | $0.111 | CapitalGainLongTerm |
| Dec 19, 2014 | $0.011 | CapitalGainShortTerm |
| Dec 19, 2014 | $0.021 | CapitalGainLongTerm |
| Dec 20, 2013 | $0.127 | CapitalGainLongTerm |
| Dec 14, 2012 | $1.362 | CapitalGainShortTerm |
| Dec 14, 2012 | $0.073 | CapitalGainLongTerm |
| Dec 16, 2011 | $1.132 | CapitalGainShortTerm |
| Dec 16, 2011 | $0.159 | CapitalGainLongTerm |
| Apr 26, 2011 | $0.087 | ExtraDividend |
SCPZX - Fund Manager Analysis
Managers
Mark Egan
Start Date
Tenure
Tenure Rank
Nov 25, 1996
25.53
25.5%
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
Jul 01, 2001
20.93
20.9%
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 |
|---|---|---|---|
| 0.08 | 33.43 | 6.77 | 1.16 |
