Carillon Chartwell Short Duration Bond Fund
Data updated: 2024-05-24
C000235338 — Carillon Chartwell Short Duration Bond Fund. Short Corporate Bond · $12.27M AUM. Holdings, fees, performance and SEC filings.
C000235338 Fund Overview
Carillon Chartwell Short Duration Bond Fund is a US mutual fund managed by Carillon Series Trust, categorised as Short Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Carillon Series Trust
- Category: Short Corporate Bond
- Assets under management: $12.27M
- 1-year return: 4.7%
- SEC CIK: 0000897111
- SEC series ID: S000075961
- Share class ID: C000235338
C000235338 Investment Objective and Strategy
Carillon Chartwell Short Duration Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Carillon Series Trust.
Investment objective
The Carillon Chartwell Short Duration Bond Fund (Short Duration Bond or the fund) seeks to maximize current income by investing in high quality short maturity fixed income securities while also preserving capital.
Principal investment strategy
Under normal circumstances, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in bonds (bonds include any debt instrument). Under normal market conditions, the fund invests at least 75% of its net assets (plus any borrowings for investment purposes) in investment grade short duration debt securities and up to 25% in short duration high yield debt securities. Investment grade securities are those rated in the Baa3 or higher categories by Moodys Investors Service, Inc. (Moodys), or in the BBB- or higher categories by Standard & Poors Ratings Services, a division of McGraw Hill Companies, Inc. (S&P), or Fitch Ratings Ltd. (Fitch) or, if unrated, determined to be of comparable credit quality by the funds sub-adviser. High yield debt securities, commonly referred to as junk bonds or below investment grade securities, are securities rated below investment grade by at least one of Moodys, S&P or Fitch or, if unrated, determined to be of comparable credit quality by the funds sub-adviser.
Under normal market conditions, the fund sub-adviser expects to primarily invest in investment grade short duration fixed income securities. The types of debt securities in which the fund primarily invests include, but will not be limited to, U.S. dollar denominated short duration investment grade bonds and high yield corporate bonds. The fund may invest up to 20% of its assets in U.S. dollar denominated securities of issuers based outside of the U.S., including issuers in emerging markets. Under normal circumstances, the fund will normally target an average portfolio effective duration, as estimated by the funds sub-adviser, of less than three years. Duration is a measure of the underlying portfolios prices sensitivity to changes in prevailing interest rates. The longer a securitys duration, the more sensitive its price will be to changes in interest rates.
For example, the approximate percentage decrease in the price of a security with a three-year duration would be 3% in response to a 1% increase in interest rates. The funds sub-adviser normally expects to focus the funds investments to maintain investment grade status and the high yield allocation to maintain a higher credit quality tier of the overall high yield bond market. In pursuing the funds investment objective, the funds sub-adviser seeks to identify securities of companies with stable or improving cash flows and proven and established business models in an effort to manage the amount of credit, interest rate, liquidity and other risks, presented by these securities. The sub-adviser utilizes a disciplined value, bottom-up approach to the fixed income market, with emphasis on building the portfolio through individual security selection.
The philosophy is implemented by assessing the credit profiles of specific issuers through extensive credit research. The team searches out companies that it believes will experience stable or improving credit profiles. Securities are identified for inclusion through an analysis of historical and relative yield spread relationships. Security characteristics such as credit quality, structure, maturity, and liquidity are also examined. Sector diversification and duration parameters are defined to limit market, sector and credit risk. The fund will primarily own corporate bonds of U.S. domiciled companies, but can also own securities of the U.S. Government and government-sponsored enterprises, mortgage-backed securities, asset-backed securities, loans, and high yield bonds and corporate bonds of non-U.S.
domiciled companies. When the sub-adviser believes that current market, economic, political or other conditions are unsuitable and would impair the pursuit of the funds investment objective, the fund may invest up to 100% of its assets in cash or cash equivalents, including but not limited to obligations of the U.S. Government, exchange-traded fund (ETF) shares, money market fund shares, commercial paper, repurchase agreements, certificates of deposit and/or bankers acceptances, as well as other interest bearing or discount obligations. When the fund takes a temporary defensive position, it may not achieve its investment objective.
C000235338 Holdings
Top 10 holdings of Carillon Chartwell Short Duration Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| US Treasury N/b | 5.09% |
| US Treasury N/b | 5.03% |
| US Treasury N/b | 4.86% |
| US Treasury N/b | 4.36% |
| US Treasury N/b | 2.95% |
| US Treasury N/b | 2.84% |
| US Treasury N/b | 2.73% |
| US Treasury N/b | 2.36% |
| US Treasury N/b | 2.35% |
| US Treasury N/b | 1.99% |
C000235338 Portfolio Allocation
Asset-class allocation of Carillon Chartwell Short Duration Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 81.6% |
| Other | 0.4% |
C000235338 Performance
Total returns for C000235338 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 4.7% |
C000235338 Risk Information
Risk metrics for C000235338, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.0%
C000235338 Costs and Fees
C000235338 costs about $39 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.39%
- Gross expense ratio: 3.12%
- Portfolio turnover: 69%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000235338 Cashflows
Over the 12 months to 2024-03, Carillon Chartwell Short Duration Bond Fund had net inflows of $2.12M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-03 | −$227.77K |
| 2024-02 | $103.11K |
| 2024-01 | −$193.47K |
| 2023-12 | $387.01K |
| 2023-11 | $1.16M |
| 2023-10 | $243.06K |
C000235338 Debt Constituents
Largest debt holdings of Carillon Chartwell Short Duration Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| US Treasury N/b | 5.09% |
| US Treasury N/b | 5.03% |
| US Treasury N/b | 4.86% |
| US Treasury N/b | 4.36% |
| US Treasury N/b | 2.95% |
| US Treasury N/b | 2.84% |
| US Treasury N/b | 2.73% |
| US Treasury N/b | 2.36% |
| US Treasury N/b | 2.35% |
| US Treasury N/b | 1.99% |
C000235338 Prospectus and SEC Filings
Official Carillon Chartwell Short Duration Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-06-30
- Prospectus supplement (497) — filed 2023-08-02
- Portfolio holdings (N-PORT) — filed 2024-05-24
- Portfolio holdings (N-PORT) — filed 2024-02-26
- Portfolio holdings (N-PORT) — filed 2023-11-24
- Annual census (N-CEN) — filed 2024-03-12
- Annual census (N-CEN) — filed 2023-03-09
Related Funds
Other Short Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.