Carillon Chartwell Short Duration High Yield Fund (CWFCX)

Overview

This entity is a mutual fund primarily investing in high yield debt securities often classified as "junk" bonds. These are securities that are rated below Baa3 or, if unrated, are determined to have a comparable credit quality by the fund's sub-adviser. By focusing on high yield debt securities, the fund seeks to achieve higher income, albeit with a potentially higher risk compared to investments in higher-rated bonds. It allocates at least 80% of its net assets (plus any borrowings for investment purposes) towards these high-yield investments. The fund also holds the flexibility to invest up to 20% of its assets in U.S. dollar-denominated securities of issuers based outside of the United States, diversifying its investment portfolio geographically.

Products and Services

• High Yield Debt Securities Investment

This is the primary focus of the fund, dedicating at least 80% of its assets to invest in bonds rated below Baa3 or those unrated but deemed to be of comparable quality. These securities, also known as "junk" bonds, offer the potential for higher income. They carry more risk, however, including greater volatility and increased risk of default compared to higher-rated bonds.

• Investment in U.S. Dollar Denominated Foreign Securities

Up to 20% of the fund's portfolio may be allocated to U.S. dollar-denominated securities from issuers outside of the U.S. This allows the fund to tap into opportunities in foreign markets while mitigating currency risk due to the U.S. dollar denomination. Such investments might offer diversified sources of income and growth, contributing to the overall performance of the fund.