Carillon Eagle Mid Cap Growth Fund (HRAUX) is an open-end mutual fund managed by Carillon Tower Advisers, Inc., that seeks long-term capital appreciation by investing primarily in equity securities of mid-capitalization companies in the United States with strong growth potential. The fund employs a growth-oriented investment strategy focused on companies demonstrating superior earnings growth, innovative products or services, and attractive valuations; it typically holds a diversified portfolio of 50 to 80 stocks selected through fundamental analysis emphasizing revenue acceleration, expanding profit margins, and competitive advantages. HRAUX offers institutional share classes with low expense ratios and is distributed through financial intermediaries to individual and institutional investors seeking exposure to the mid-cap growth segment of the U.S. equity market.
Carillon Tower Advisers, headquartered in Overland Park, Kansas, and founded in 1996 as a subsidiary of Midland Company (now part of Carillon Mutual Fund Complex), oversees the fund as part of its broader platform managing approximately $40 billion in assets across equity, fixed income, and alternative strategies; the firm operates primarily in the United States with a focus on active management for retail and institutional clients. The Eagle Mid Cap Growth strategy traces its roots to the former Eagle Asset Management team, integrated into Carillon Tower following the 2021 acquisition of Eagle's parent company by Victory Capital, which expanded Carillon's capabilities in growth equity investing.
Recent developments include the 2023 strategic rebranding and portfolio manager transitions under Carillon Tower Advisers to enhance distribution and align with the firm's multi-strategy platform; in 2024, the fund benefited from Victory Capital's acquisition of multiple boutique managers, bolstering research resources for mid-cap growth selection. The fund launched no major new share classes in the past year but reported strong performance attribution to technology and healthcare holdings amid market volatility; Carillon Tower also announced expanded ESG integration across funds, including HRAUX, in late 2024 to appeal to sustainability-focused investors. These changes position HRAUX for continued growth within the competitive mid-cap universe, with assets under management exceeding $500 million as of late 2025.