Carillon Reams Core Plus Bond Fund
Carillon Series Trust · 4 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Carillon Reams Core Plus Bond Fund is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Investment grade
- Rate sensitivity
- Intermediate duration
Fund profile
As filed in the prospectus · 2026 Q2
The Carillon Reams Core Plus Bond Fund (Core Plus Bond Fund or the fund) seeks a high level of total return consistent with the preservation of capital.
The fund combines top-down interest rate management with bottom-up security selection to maximize total return, adjusting portfolio duration above or below the Bloomberg U.S. Aggregate Bond Index based on whether real interest rates appear high or low relative to history, then selecting undervalued fixed income securities across investment-grade and high-yield bonds, mortgage- and asset-backed securities, and related instruments. The fund may hold up to 25% in non-investment grade securities and employs derivatives including credit default swaps, futures, and forwards to manage duration, enhance returns, and gain efficient exposure to various fixed income markets. Because security selection drives sector allocation and the fund actively replaces holdings approaching fair value with undervalued alternatives, portfolio composition will shift materially with market conditions.
| Share class | Gross | Net |
|---|---|---|
| SCPDX | 0.93% | 0.80% |
| SCPEX | 1.64% | 1.55% |
| SCPZX | 0.65% | 0.50% |
| SCPWX | 0.55% | 0.40% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 440.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 61.06% |
| Securitized | 42.06% |
| Derivatives | 0.17% |
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Securitized | 40.7% |
| Government | 37.1% |
| Financials | 10.1% |
| Utilities | 5.1% |
| 6 smaller | 7.1% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: Fannie Mae or Freddie Mac ×2, US TREASURY N/B, TREASURY BILL, Hyundai Auto Receivables Trust, JP Morgan Mortgage Trust, Wells Fargo Commercial Mortgag, Onslow Bay Financial LLC
Largest exited: Fannie Mae or Freddie Mac ×2, TREASURY BILL, US TREASURY N/B, LETRA TESOURO NACIONAL, TSY INFL IX N/B, STAR 2022-SFR3 Trust, Toyota Auto Receivables Owner
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +5.15% | +11.36% | +2.96% | 3.60% | -7.64% | |
| +4.38% | +8.88% | -0.86% | 3.63% | -7.96% | |
| +5.45% | +12.45% | +4.79% | 3.62% | -7.44% | |
| — | — | — | — | — | |
| — | — | — | — | — | |
| +5.56% | +12.70% | +5.02% | 3.60% | -7.45% | |
| — | — | — | — | — |
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 76.2% |
| Floating rate | 23.8% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 5.2% |
| 1-3y | 6.8% |
| 3-5y | 8.5% |
| 5-10y | 33.0% |
| 10y+ | 46.5% |
| Unknown | 0.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 52% |
| Credit spreads | 48% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +6.18 yr |
| High yield | +0.06 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.50 yr | 7% |
| 1 yr | 0.37 yr | 5% |
| 5 yr | 1.82 yr | 27% |
| 10 yr | 2.10 yr | 31% |
| 30 yr | 2.05 yr | 30% |
| 3 mo | 0.50 yr | 8% |
| 1 yr | 0.31 yr | 5% |
| 5 yr | 1.40 yr | 23% |
| 10 yr | 2.04 yr | 33% |
| 30 yr | 1.98 yr | 32% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.50 | +0.50 | +0.00 | $106.2k | $5 |
| 1 yr | +0.37 | +0.31 | +0.01 | $65.0k | $1.4k |
| 5 yr | +1.82 | +1.36 | +0.05 | $288.7k | $10.3k |
| 10 yr | +2.10 | +2.04 | +0.00 | $434.5k | $0 |
| 30 yr | +2.05 | +1.98 | +0.00 | $421.7k | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 6.84 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | US TREASURY N/B4.25% · due 2035-08-15 | 6.80% | $144.62M | — |
| — | US TREASURY N/B4.63% · due 2045-11-15 | 5.71% | $121.53M | — |
| — | Fannie Mae or Freddie Mac5.50% · due 2056-08-15 | 5.61% | $119.42M | — |
| — | US TREASURY N/B4.25% · due 2054-08-15 | 4.75% | $101.17M | — |
| — | US TREASURY N/B3.88% · due 2032-08-31 | 4.22% | $89.76M | — |
| — | US TREASURY N/B4.25% · due 2033-05-31 | 3.22% | $68.57M | — |
| — | TREASURY BILL0.00% · due 2026-11-05 | 2.92% | $62.18M | — |
| — | Fannie Mae or Freddie Mac5.00% · due 2056-08-15 | 2.79% | $59.46M | — |
| — | US TREASURY N/B3.88% · due 2034-08-15 | 2.54% | $54.17M | — |
| — | US TREASURY N/B4.75% · due 2056-02-15 | 2.23% | $47.45M | — |
Top 10 positions are 40.80% of net assets, top 25 52.56%, across 121 issuers.
See more of this fund's book
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