partners in responsible investing
Our affiliates have a longstanding commitment to investing that recognizes the core values of our clients. We believe that considering Environmental, Social and Governance (ESG) issues is an important part of what we do as asset managers. We are actively seeking to help clients find attractive performance and minimize risk through sustainable investment practices.
Principles for Responsible Investment
Carillon Tower Advisers and its affiliates are signatories to the United Nations-supported Principles for Responsible Investment, underscoring our investment teams’ longstanding commitment to these issues.
Read our press release about the Principles for Responsible Investment
The Forum for Sustainable and Responsible Investment
Carillon Tower Advisers is a proud member of the Forum for Sustainable and Responsible Investment, the leading voice advancing sustainable, responsible and impact investing across asset classes, focusing on long-term investment and generating positive social and environmental impacts.
For clients seeking to invest in ways that reflect their values, our affiliates offer a number of ESG and Socially Responsible Investing strategies, from equity to fixed income. We are engaged owners who seek opportunities for clients while working to further their investing objectives.
Learn more below.
U.S. Small/Mid-Cap Equities
Eagle Asset Management SMID Cap ESG Select
The Eagle Vermont team makes ESG an integral part of its investment process for this institutional separately managed account while aiming to optimize long-term returns and minimize risk.
Eagle Asset Management ESG-Focused Fixed Income
Eagle gives investors a distinctive new option with these separately managed accounts, which integrate consideration of material ESG factors for corporations and municipalities into the investment process. The strategy offers three objectives for investors and is available starting January 2020.
For more information, visit eagleasset.com
Read the investment team’s mission statement
Meet Sheila King, CFA, the Portfolio Manager overseeing the new Eagle ESG-Focused Fixed Income Strategy and find out more about her team’s approach and process.
100% U.S. investment grade corporate bonds. Specific ESG factors may affect the performance of some sectors more than others. Eagle's team has adopted a flexible approach to corporate bond selection.
100% U.S. investment grade municipal bonds. Municipalities provide a limited amount of ESG data. Eagle's team uses a bottom-up analysis to find obligors in line with our sustainable objectives.
50% U.S. investment grade municipal and 50% U.S. investment grade corporate bonds. Focuses on companies and communities that operate sustainably while preparing for the future.
ClariVest Asset Management Emerging Markets Socially Responsible Investing Strategy
This institutional separately managed account offers an option for faith-based investors. ClariVest partners with ISS-Ethix to provide information on categories of social responsibility such as protecting human life, reducing arms production, and promoting well-being.
For more information, visit clarivest.com
Carillon Family of Funds Proxy Voting Guidelines
These proxy voting guidelines explain more about the Carillon Family of Funds' commitment to responsible investing as part of our process.
Please consider the investment objectives, risks, charges, and expenses of any fund carefully before investing. Call 1.800.421.4184 or your financial advisor for a prospectus, which contains this and other important information about the Carillon Family of Funds. Read the prospectus carefully before you invest or send money.
There are differences between Separately Managed Accounts that are offered through each firm listed by way of a form ADV and Mutual Funds that are offered through your financial adviser by way of a prospectus. These differences include but are not limited to overall product structure, account minimums, expenses, liquidity, tax treatment and other differences that should be carefully considered based on your particular circumstances before investing.
Only the Separately Managed Accounts listed manage their portfolios according to ESG guidelines. As a result, the universe of investments available to these SMA strategies will be more limited than strategies not applying such ESG guidelines, which may cause them to perform differently than similar strategies that do not have such a policy.
Investing involves risk, including the risk of loss. There is no guarantee the investment goals/objectives will be met.
Past performance does not guarantee or indicate future results. No inference should be drawn by present or prospective clients that managed accounts will achieve similar performance in the future.Investment in a portfolio, investment manager or security should not be based on past performance alone. Because accounts are individually managed, returns for separate accounts may be higher or lower than the average performance stated. Individual portfolio/ performance results may vary due to market conditions, trading costs and certain other factors, which may be unique to each account. There is no guarantee that these investment strategies will work under all market conditions, and each investor should evaluate their ability to invest for the long term, especially during periods of downturn in the market. Investing involves risk and you may incur a profit or a loss. Investment returns and principal value will fluctuate so that an investor’s portfolio, when redeemed, may be worth more or less than their original cost. Diversification does not ensure a profit or guarantee against a loss.
Investing in small and mid-sized companies is based on the premise that relatively small companies will increase their earnings and grow into larger, more valuable companies. However, as with all equity investing, there is the risk that a company will not achieve its expected earnings results, or that an unexpected change in the market or within the company will occur, both of which may adversely affect investment results.
Historically, small- and mid-cap stocks have experienced greater volatility than other equity asset classes, and they may be less liquid than larger-cap stocks. Thus, relative to larger, more liquid stocks, investing in small- and mid-cap stocks involves potentially greater volatility and risk. The biggest risk of equity investing is that returns can fluctuate and investors can lose money. Historically, bonds have indeed provided less volatility and less risk of loss of capital than has equity investing. However, there are many factors which may affect the risk and return profile of a fixed-income portfolio. The two most prominent factors are interest-rate movements and the creditworthiness of the bond issuer. The risk of a change in the market value of the investment due to changes in interest rates is known as interest-rate risk. Interest-rate risk is subject to many variables but may be analyzed based on various data (e.g., effective duration). The risk that the issuer may default on interest and/or principal payments is often referred to as credit risk. Credit risk is typically measured by ratings issued by ratings agencies such as Moody’s and Standard & Poor’s. Bonds issued by the U.S. Government have significantly less risk of default than those issued by corporations and municipalities (see below for a discussion of the risk associated with convertible securities). However, the overall return on Government bonds tends to be less than these other types of fixed-income securities. Finally, reinvestment risk is the possibility that the proceeds of a maturing investment must be invested in a lower yielding security, all other things held constant, due to changes in the interest-rate environment. Investors should pay careful attention to the types of fixed-income securities which comprise their portfolio, and remember that, as with all investments, there is the risk of the loss of capital.
Income earned from investments in municipal bonds, while exempt from federal taxes, may be subject to state and local income taxes. All capital gains, as well as income earned from other sources, are subject to taxation. Income from municipal securities may also be subject to the Alternative Minimum Tax. Municipal securities typically provide a lower yield than comparably rated taxable investments in consideration of their tax-advantaged status. Investments in municipal securities may not be appropriate for all investors, particularly those who do not stand to benefit from the tax status of the investment. Please consult an income-tax professional to assess the impact of holding such securities on your tax liability.
Securities in ClariVest's Emerging Markets Socially Responsible porttolio are primarily selected from investment universes consisting of stocks traded in all countries represented in the MSCI Emerging Markets Index. Investments in equities are subject to the risk that stock prices will fall over short or long periods of time. In the past, the equity markets have moved in cycles, and the value of a client's equity securities may fluctuate drastically from day to day. Investing in foreign securities poses additional market risks since political and economic events unique in a country or region will affect those markets and their issuers. As a result, investments in foreign securities may experience greater volatility than U.S. securities. These securities may be traded over-the-counter or listed on an exchange. Accounts are included in the composite once they are fully transitioned to our investment strategy.
The Emerging Markets composite includes all discretionary accounts primarily invested in Emerging Markets equities. Securities in ClariVest's Emerging Markets portfolio are primarily selected from investment universes consisting of stocks traded in all countries represented in the MSCI Emerging Markets Index. Investments in equities are subject to the risk that stock prices will fall over short or long periods of time. In the past, the equity markets have moved in cycles, and the value of a client's equity securities may fluctuate drastically from day to day. Investing in foreign securities poses additional market risks since political and economic events unique in a country or region will affect those markets and their issuers. As a result, investments in foreign securities may experience greater volatility than U.S. securities. These securities may be traded over-the-counter or listed on an exchange. Accounts are included in the composite once they are fully transitioned to our investment strategy.
ESG refers to Environmental, Social, and Governance factors used in measuring the sustainability and societal impact of an investment in a company or business.
Carillon Tower Advisers is the investment adviser for the Carillon Family of Funds. The following entities are sub-advisers for certain of the funds: ClariVest Asset Management, Cougar Global Investments, Eagle Asset Management, and Scout Investments. Carillon Fund Distributors and ClariVest Asset Management are wholly owned subsidiaries of Eagle Asset Management. Eagle Asset Management and Scout Investments are wholly owned subsidiaries Carillon Tower Advisers. Cougar Global Investments is a wholly owned subsidiary of Raymond James International Canada, which is a wholly owned subsidiary of Raymond James International Holdings. Raymond James International Holdings is a wholly owned subsidiary of Raymond James Financial as is Carillon Tower Advisers. All entities named are affiliates.Carillon Fund Distributors, Inc., member FINRA