Investment Portfolio | ||||||
(UNAUDITED) | 09.30.2023 | ||||||
CARILLON CHARTWELL SHORT DURATION HIGH YIELD FUND | ||||||
CORPORATE BONDS - 94.0% | Principal Amount | Value | ||||
Domestic - 82.7% | ||||||
Aerospace & defense - 4.2% | ||||||
Howmet Aerospace, Inc., | ||||||
5.13%, 10/01/24 | $ | 1,944,000 | $ | 1,917,763 | ||
6.88%, 05/01/25 | 2,411,000 | 2,420,437 | ||||
TransDigm, Inc., 144A, 6.25%, 03/15/26 | 5,760,000 | 5,659,664 | ||||
Airlines - 2.2% | ||||||
American Airlines, Inc./Advantage Loyalty IP Ltd., 144A, 5.50%, 04/20/26 | 5,353,333 | 5,228,401 | ||||
Auto manufacturers - 2.9% | ||||||
Ford Motor Credit Co. LLC, 5.13%, 06/16/25 | 7,000,000 | 6,776,161 | ||||
Capital markets - 2.1% | ||||||
StoneX Group, Inc., 144A, 8.63%, 06/15/25 | 5,000,000 | 5,037,500 | ||||
Commercial services - 2.3% | ||||||
Prime Security Services Borrower LLC/Prime Finance, Inc., 144A, 5.75%, 04/15/26 | 5,525,000 | 5,360,180 | ||||
Consumer finance - 6.5% | ||||||
Navient Corp., 6.13%, 03/25/24 | 5,850,000 | 5,818,739 | ||||
OneMain Finance Corp., | ||||||
6.13%, 03/15/24 | 1,883,000 | 1,877,028 | ||||
6.88%, 03/15/25 | 2,045,000 | 2,028,789 | ||||
SLM Corp., | ||||||
3.13%, 11/02/26 | 3,678,000 | 3,190,274 | ||||
4.20%, 10/29/25 | 2,755,000 | 2,577,881 | ||||
Containers & packaging - 2.3% | ||||||
Ball Corp., 5.25%, 07/01/25 | 5,440,000 | 5,335,035 | ||||
Electrical components & equipment - 2.2% | ||||||
WESCO Distribution, Inc., 144A, 7.13%, 06/15/25 | 5,265,000 | 5,277,431 | ||||
Equity real estate investment trusts (REITs) - 7.3% | ||||||
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC, 144A, 4.50%, 04/01/27 | 4,700,000 | 3,916,792 | ||||
GLP Capital LP/GLP Financing II, Inc., | ||||||
5.25%, 06/01/25 | 1,410,000 | 1,380,947 | ||||
5.38%, 04/15/26 | 4,080,000 | 3,955,899 | ||||
HAT Holdings I LLC/HAT Holdings II LLC, | ||||||
144A, 3.38%, 06/15/26 | 1,470,000 | 1,306,585 | ||||
144A, 6.00%, 04/15/25 | 900,000 | 875,739 | ||||
VICI Properties LP/VICI Note Co., Inc., 144A, 4.25%, 12/01/26 | 6,170,000 | 5,748,904 | ||||
Financial services - 2.1% | ||||||
NMI Holdings, Inc., 144A, 7.38%, 06/01/25 | 5,100,000 | 5,072,875 | ||||
Food - 2.4% | ||||||
Albertsons Companies, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC, 144A, 3.25%, 03/15/26 | 6,065,000 | 5,617,784 | ||||
Ground transportation - 1.0% | ||||||
XPO, Inc., 144A, 6.25%, 05/01/25 | 2,507,000 | 2,458,289 | ||||
Health care providers & services - 4.8% | ||||||
Centene Corp., 4.25%, 12/15/27 | 5,910,000 | 5,448,488 | ||||
Tenet Healthcare Corp., 4.88%, 01/01/26 | 6,060,000 | 5,805,660 | ||||
Hotels, restaurants & leisure - 4.7% | ||||||
Boyd Gaming Corp., 4.75%, 12/01/27 | 6,035,000 | 5,555,735 | ||||
Travel + Leisure Co., | ||||||
6.60%, 10/01/25 | 2,306,000 | 2,282,940 | ||||
144A, 6.63%, 07/31/26 | 3,350,000 | 3,259,550 | ||||
Investment companies - 2.5% | ||||||
Icahn Enterprises LP/Icahn Enterprises Finance Corp., 4.75%, 09/15/24 | 6,080,000 | 5,856,055 | ||||
Lodging - 2.1% | ||||||
Hilton Domestic Operating Co., Inc., 144A, 5.38%, 05/01/25 | 5,055,000 | 4,966,858 | ||||
Media - 7.7% | ||||||
AMC Networks, Inc., 5.00%, 04/01/24 | 2,488,000 | 2,453,643 | ||||
Charter Communications Operating LLC/Charter Communications Operating Capital, 4.91%, 07/23/25 | 5,220,000 | 5,100,735 | ||||
Sirius XM Radio, Inc., 144A, 3.13%, 09/01/26 | 6,495,000 | 5,788,669 | ||||
TEGNA, Inc., 144A, 4.75%, 03/15/26 | 5,020,000 | 4,756,450 | ||||
Mortgage real estate investment trusts (REITs) - 2.5% | ||||||
Starwood Property Trust, Inc., | ||||||
144A, 3.63%, 07/15/26 | 4,362,000 | 3,868,113 | ||||
4.75%, 03/15/25 | 2,140,000 | 2,046,045 | ||||
Oil & gas - 2.4% | ||||||
Sunoco LP/Sunoco Finance Corp., | ||||||
5.88%, 03/15/28 | 2,085,000 | 2,000,171 | ||||
6.00%, 04/15/27 | 3,910,000 | 3,789,704 | ||||
Oil, gas & consumable fuels - 4.7% | ||||||
New Fortress Energy, Inc., 144A, 6.75%, 09/15/25 | 6,060,000 | 5,784,912 | ||||
Western Midstream Operating LP, 3.10%, 02/01/25 | 5,645,000 | 5,400,799 | ||||
Packaging & containers - 2.5% | ||||||
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26 | 6,065,000 | 5,825,192 | ||||
Paper & forest products - 2.0% | ||||||
Clearwater Paper Corp., 144A, 5.38%, 02/01/25 | 2,500,000 | 2,425,000 | ||||
Mercer International, Inc., 5.50%, 01/15/26 | 2,410,000 | 2,263,608 | ||||
Pipeliines - 2.3% | ||||||
DCP Midstream Operating LP, 5.38%, 07/15/25 | 5,415,000 | 5,341,953 | ||||
Specialized real estate investment trusts (REITs) - 2.4% | ||||||
SBA Communications Corp., 3.88%, 02/15/27 | 6,320,000 | 5,790,862 | ||||
Specialty retail - 0.3% | ||||||
Penske Automotive Group, Inc., 3.50%, 09/01/25 | 750,000 | 709,715 | ||||
Technology hardware, storage & peripherals - 2.2% | ||||||
Western Digital Corp., 4.75%, 02/15/26 | 5,500,000 | 5,240,666 | ||||
Trading companies & distributors - 0.7% | ||||||
Fortress Transportation and Infrastructure Investors LLC, 144A, 6.50%, 10/01/25 | 1,675,000 | 1,646,264 | ||||
Wireless telecommunication services - 1.4% | ||||||
Sprint LLC, 7.13%, 06/15/24 | 3,285,000 | 3,304,983 | ||||
Total domestic corporate bonds (cost $202,974,397) | 195,551,867 | |||||
Foreign - 11.3% | ||||||
Commercial services & supplies - 2.4% | ||||||
GFL Environmental, Inc., 144A, 4.25%, 06/01/25 | 6,030,000 | 5,794,831 | ||||
Diversified financial services - 2.6% | ||||||
GGAM Finance Ltd., 144A, 7.75%, 05/15/26 | 3,580,000 | 3,544,208 | ||||
Macquarie Airfinance Holdings Ltd., 144A, 8.38%, 05/01/28 | 2,520,000 | 2,554,650 | ||||
Electronics - 2.3% | ||||||
Sensata Technologies BV, 144A, 5.00%, 10/01/25 | 5,555,000 | 5,385,228 | ||||
Hotels, restaurants & leisure - 2.1% | ||||||
International Game Technology PLC, | ||||||
144A, 6.25%, 01/15/27 | 2,940,000 | 2,877,705 | ||||
144A, 6.50%, 02/15/25 | 2,121,000 | 2,118,006 | ||||
Pharmaceuticals - 1.9% | ||||||
Teva Pharmaceutical Finance Netherlands III BV, | ||||||
3.15%, 10/01/26 | 2,230,000 | 1,987,533 | ||||
6.00%, 04/15/24 | 2,515,000 | 2,502,263 | ||||
Total foreign corporate bonds (cost $27,314,477) | 26,764,424 | |||||
Total corporate bonds (cost $230,288,874) | 222,316,291 | |||||
Total investment portfolio (cost $230,288,874) - 94.0% | 222,316,291 | |||||
Other assets in excess of liabilities - 6.0% | 14,142,420 | |||||
Total net assets - 100.0% | $ | 236,458,711 |
144A - Securities are purchased under Rule 144A of the Securities Act of 1933 or are private placements and, unless registered under the Securities Act of 1933 or exempted from registration, generally may only be sold to qualified institutional buyers. |
Fair value measurements | The Fund utilizes a three-level hierarchy of inputs to establish a classification of fair value measurements. The three levels are defined as: | ||||
Level 1—Valuations based on unadjusted quoted prices for identical securities in active markets; | ||||
Level 2—Valuations based on inputs other than quoted prices that are observable, either directly or indirectly, including inputs in markets that are not considered active; and | ||||
Level 3—Valuations based on inputs that are unobservable and significant to the fair value measurement, and may include the Valuation Committee’s own assumptions on determining fair value of investments. | ||||
Inputs that are used in determining fair value of an investment may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments and is affected by various factors such as the type of investment and the volume and/or level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Valuation Committee, along with any other relevant factors in the calculation of an investment’s fair value. The Fund uses prices and inputs that are current as of the valuation date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy. Investments falling into the Level 3 category may be classified as such due to a lack of market transparency and corroboration to support the quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models may rely on one or more significant unobservable inputs and/or significant assumptions by the Valuation Committee. Inputs used in valuations may include, but are not limited to, financial statement analysis, capital account balances, discount rates and estimated cash flows, and comparable entity data. | ||||
All investments are categorized as Level 2 as of the date of this report. | ||||
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual report. | ||||
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of Morgan Stanley Capital International, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC. |