Carillon Reams Core Plus Bond Fund Class Y
SCPYX
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USD
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Capital Structure
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- St Petersburg, FL 33716
- IPO Date
- Nov 12, 2009
- CIK
- 0001105128
- Similar Companies
- Business
- Carillon Reams Core Plus Bond Fund Class Y (SCPYX) is a mutual fund that seeks a high level of total return consistent with the preservation of capital by investing primarily in a diversified portfolio of investment-grade bonds of varying maturities, including mortgage-backed securities, asset-backed securities, debt securities, to-be-announced securities, collateralized loan obligations and other similar fixed-income instruments issued by U.S. and non-U.S. public- or private-sector entities; the fund maintains an average portfolio duration of between two and seven years through active duration management based on inflation-adjusted interest rates relative to historical norms combined with bottom-up security selection targeting undervalued sectors via scenario analysis of interest rate and credit conditions. The fund offers multiple share classes, including Class Y shares with a low expense ratio, and benchmarks performance against the Bloomberg U.S. Aggregate Index within the intermediate core-plus bond category. Reams Asset Management LLC serves as subadviser, employing a team-led approach with lead and co-portfolio managers averaging over 20 years of fixed-income experience, while Carillon Tower Advisers, Inc. (doing business as Raymond James Investment Management since October 2022) acts as investment adviser. Reams Asset Management, founded in 1981 and headquartered in Indianapolis, Indiana, manages the fund's fixed-income strategies as part of Raymond James Investment Management's multi-boutique platform, which oversees approximately $2.1 billion in assets for the core-plus bond strategy across classes; the firm targets institutional and retail investors seeking total return from high-quality, volatility-responsive fixed-income investments. Geographically, the fund invests globally but focuses predominantly on U.S. dollar-denominated securities, with opportunistic exposure to non-U.S. assets, emerging markets and high-yield bonds when relative value supports. The fund inaugurated on November 25, 1996, and distributes income monthly. Recent developments include quarterly portfolio adjustments in response to market volatility, such as duration reductions and decreased corporate credit and non-U.S. dollar exposure entering 2024 amid economic slowdown concerns and U.S. dollar strength; in Q3 and Q4 2024, the strategy navigated Treasury rallies and Federal Reserve policy shifts while maintaining focus on undervalued fixed-income opportunities. On October 1, 2022, Carillon Tower Advisers rebranded to Raymond James Investment Management, enhancing operational scale and distribution for its boutiques including Reams, following prior acquisitions like Scout Investments (including Reams) in 2017 that expanded assets under management beyond $60 billion at the time. No major new product launches, funding rounds or acquisitions specific to SCPYX have occurred in the last 1-2 years, with emphasis on strategic positioning for potential recessionary conditions.