# EDGAR Filing Document

**Accession Number:** 0000897111
**File Stem:** 0001133228-26-003059
**Filing Date:** 2026-3
**Character Count:** 1120878
**Document Hash:** d01c791118f3656a94e48a7701040506
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001133228-26-003059.hdr.sgml**: 20260305

**ACCESSION NUMBER**: 0001133228-26-003059

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 276

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260305

**DATE AS OF CHANGE**: 20260305

**EFFECTIVENESS DATE**: 20260305

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CARILLON SERIES TRUST
- **CENTRAL INDEX KEY:** 0000897111

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07470
- **FILM NUMBER:** 26725098

**BUSINESS ADDRESS:**
- **STREET 1:** 880 CARILLON PARKWAY
- **CITY:** ST PETERSBURG
- **STATE:** FL
- **ZIP:** 33716
- **BUSINESS PHONE:** 727-567-8143

**MAIL ADDRESS:**
- **STREET 1:** 880 CARILLON PARKWAY
- **CITY:** ST. PETERSBURG
- **STATE:** FL
- **ZIP:** 33716

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EAGLE SERIES TRUST
- **DATE OF NAME CHANGE:** 20081110

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HERITAGE SERIES TRUST
- **DATE OF NAME CHANGE:** 19930714

## Series and Classes Contracts Data

### Carillon Eagle Mid Cap Growth Fund (Series ID: S000008481)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000023254 | Class A      | HAGAX           |
| C000023256 | Class C      | HAGCX           |
| C000023257 | Class I      | HAGIX           |
| C000103747 | Class R-6    | HRAUX           |

### Carillon Eagle Small Cap Growth Fund (Series ID: S000008482)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000023260 | Class A      | HRSCX           |
| C000023262 | Class C      | HSCCX           |
| C000023263 | Class I      | HSIIX           |
| C000103748 | Class R-6    | HSRUX           |

### Carillon ClariVest International Stock Fund (Series ID: S000039949)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000123871 | A            | EISAX           |
| C000123872 | C            | EISDX           |
| C000123873 | I            | EISIX           |
| C000123876 | R-6          | EISVX           |

### Carillon ClariVest Capital Appreciation Fund (Series ID: S000058957)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000193343 | Class A      | HRCPX           |
| C000193344 | Class C      | HRCCX           |
| C000193345 | Class I      | HRCIX           |
| C000193348 | Class R-6    | HRCUX           |

### Carillon Eagle Growth & Income Fund (Series ID: S000058958)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000193350 | Class I      | HIGJX           |
| C000193353 | Class R-6    | HIGUX           |
| C000193355 | Class A      | HRCVX           |
| C000193356 | Class C      | HIGCX           |

### Carillon Reams Core Bond Fund (Series ID: S000058959)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000193357 | Class A      | CRCBX           |
| C000193358 | Class C      | CRCDX           |
| C000193359 | Class I      | SCCIX           |
| C000193362 | Class R-6    | CRCUX           |

### Carillon Reams Core Plus Bond Fund (Series ID: S000058960)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000193364 | Class A      | SCPDX           |
| C000193365 | Class C      | SCPEX           |
| C000193366 | Class I      | SCPZX           |
| C000193369 | Class R-6    | SCPWX           |

### Carillon Scout Mid Cap Fund (Series ID: S000058963)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000193385 | Class A      | CSMEX           |
| C000193386 | Class C      | CSMFX           |
| C000193387 | Class I      | UMBMX           |
| C000193391 | Class R-6    | CSMUX           |

### Carillon Chartwell Small Cap Fund (Series ID: S000058964)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000193392 | Class A      | CSSAX           |
| C000193393 | Class C      | CSSJX           |
| C000193394 | Class I      | UMBHX           |
| C000193397 | Class R-6    | CSSVX           |

### Carillon Reams Unconstrained Bond Fund (Series ID: S000058965)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000193399 | Class A      | SUBDX           |
| C000193400 | Class C      | SUBEX           |
| C000193401 | Class I      | SUBFX           |
| C000193404 | Class R-6    | SUBTX           |

### Carillon Chartwell Real Income Fund (Series ID: S000075959)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000235336 | Class I      | BERIX           |
| C000249729 | Class C      | BERHX           |
| C000249730 | Class R-6    | BERSX           |
| C000249731 | Class A      | BERGX           |

### Carillon Chartwell Mid Cap Value Fund (Series ID: S000075960)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000235337 | Class I      | BERCX           |
| C000249732 | Class R-6    | BERDX           |
| C000249733 | Class A      | BERAX           |
| C000249734 | Class C      | BERBX           |

### Carillon Chartwell Short Duration High Yield Fund (Series ID: S000075962)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000235339 | Class I      | CWFIX           |
| C000249735 | Class R-6    | CWFRX           |
| C000249736 | Class C      | CWFCX           |
| C000249737 | Class A      | CWFAX           |

### Carillon Chartwell Small Cap Growth Fund (Series ID: S000075963)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000235340 | Class I      | CWSGX           |
| C000249738 | Class R-6    | CWSRX           |
| C000249739 | Class A      | CWSAX           |
| C000249740 | Class C      | CWSBX           |

### Carillon Chartwell Small Cap Value Fund (Series ID: S000075964)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000235341 | Class I      | CWSIX           |
| C000249741 | Class C      | CWSHX           |
| C000249742 | Class A      | CWSCX           |
| C000249743 | Class R-6    | CWSWX           |

### RJ Eagle Municipal Income ETF (Series ID: S000091478)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000259146 | RJ Eagle Municipal Income ETF | RJMI            |

### RJ Eagle Vertical Income ETF (Series ID: S000091479)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000259147 | RJ Eagle Vertical Income ETF | RJVI            |

### RJ Eagle GCM Dividend Select Income ETF (Series ID: S000091480)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000259148 | RJ Eagle GCM Dividend Select Income ETF | RJDI            |

?xml version='1.0' encoding='ASCII'? 2025-12-01194791_RJEagleMunicipalIncomeETF_TF_TSRAnnual

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

**FORM N-CSR**

**CERTIFIED SHAREHOLDER REPORT OF**

**REGISTERED MANAGEMENT INVESTMENT COMPANIES**

Investment Company Act file Number: 811-07470

**<u>CARILLON SERIES TRUST</u>**

(Exact name of Registrant as Specified in Charter)

880 Carillon Parkway

St. Petersburg, FL 33716

(Address of Principal Executive Office) (Zip Code)

Registrant's Telephone Number, including Area Code: (727) 567-1000

SUSAN L. WALZER, PRINCIPAL EXECUTIVE OFFICER

880 Carillon Parkway

St. Petersburg, FL 33716

(Name and Address of Agent for Service)

Copy to:

KATHY KRESCH INGBER, ESQ.

K&L Gates, LLP

1601 K Street, NW

Washington, D.C. 20006

Date of fiscal year end: <u>December 31</u>

Date of reporting period: <u>December 31, 2025</u>

**Item 1. Reports to Shareholders**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Registrant's Annual Reports for the period ended December 31, 2025, which were transmitted to shareholders pursuant to Rule 30e-1 under the Investment Company Act of 1940, as amended (the "Investment Company Act"), are as follows:

---

| | | |
|:---|:---|:---|
| ![image](img615633_202601021538312.jpg) | **RJ Eagle Municipal Income ETF**  | ![image](img631035_202602061516603.jpg) |
| ![image](img615633_202601021538312.jpg) | RJMI (Principal U.S. Listing Exchange: NYSE Arca, Inc.) | ![image](img631035_202602061516603.jpg) |
| ![image](img615633_202601021538312.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img631035_202602061516603.jpg) |

---

This annual shareholder report contains important information about the RJ Eagle Municipal Income ETF (the "Fund") for the period of October 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://funddocs.filepoint.com/rjetfs/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** **\*** | **Costs paid as a percentage of** **a $10,000 investment** **\*\*** |
| RJ Eagle Municipal Income ETF | $10 | 0.41% |

---

\* Amount shown reflects the expenses of the Fund from inception date through December 31, 2025. Expenses would be higher if the Fund had been in operation for the fiscal year January 1, 2025 through December 31, 2025.

\*\* Annualized

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• The municipal market rebounded strongly after a weak first half of 2025, beginning its rally in September and continuing through the fourth quarter. Longer-duration bonds outperformed the intermediate segment, making municipal bonds the best-performing fixed income asset class during the quarter.

• Bond selection, particularly an overweight to longer-duration bonds, drove the fund's outperformance relative to the Bloomberg Municipal Bond Index. Sector positioning also contributed positively, with overweight positions in transportation, leasing, education, and hospital sectors.

• Conversely, state selection detracted from performance, as an overweight position in Tennessee bonds underperformed the index.

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6698img003.jpg)

RJ Eagle Municipal Income ETF PAGE 1 TSR-AR-14214M286

------

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | |
|:---|:---|
|  | **Since Inception**<br>**(10/01/2025)** |
| **Fund NAV**  | 2.79 |
| **Bloomberg Municipal Bond Index**  | 1.42 |

---

Visit https://www.rjetfs.com/investment-strategies/rjmi for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $20432417 |
| **Number of Holdings** | 85 |
| **Net Advisory Fee** | $9328 |
| **Portfolio Turnover** | 0% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top States** | **(%)** |
|  Florida  | 13.2% |
|  Texas  | 10.8% |
|  Illinois  | 8.7% |
|  California  | 7.1% |
|  Utah  | 4.5% |
|  Ohio  | 4.4% |
|  Colorado  | 4.4% |
|  Arizona  | 4.1% |
|  Indiana  | 4.1% |
|  Cash & Other  | 38.7% |

---

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  Municipal Bonds  | 98.4% |
|  Cash & Other  | 1.6% |

---

---

| | |
|:---|:---|
| **Credit Breakdown** **\*** | **(%)** |
|  AAA  | 2.9% |
|  AA  | 39.3% |
|  A  | 40.0% |
|  BBB  | 14.7% |
|  Below IG  | 3.1% |

---

\* The bond quality ratings indicated are assigned by credit rating agencies Standard & Poor's and Moody's, as an indication of an issuer's creditworthiness. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). The highest credit quality rating available from these two rating agencies is used and is expressed in Standard & Poor's form above. Ratings of BB+, or its equivalent, and lower may be lumped into the Below IG category. Credit quality is subject to change. The Credit Breakdown may not sum to 100% in certain cases. To the extent derivative instruments are held and shown at full notional value, collateral will be assigned to its defined Credit Rating category. Cash & Cash Equivalents are generally defined as securities with an effective duration less than one year and rated investment grade.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://funddocs.filepoint.com/rjetfs/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

RJ Eagle Municipal Income ETF PAGE 2 TSR-AR-14214M286

------

---

| | | |
|:---|:---|:---|
| ![image](img615633_202601021538312.jpg) | **RJ Eagle Vertical Income ETF**  | ![image](img631035_202602061516603.jpg) |
| ![image](img615633_202601021538312.jpg) | RJVI (Principal U.S. Listing Exchange: NYSE Arca, Inc.) | ![image](img631035_202602061516603.jpg) |
| ![image](img615633_202601021538312.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img631035_202602061516603.jpg) |

---

This annual shareholder report contains important information about the RJ Eagle Vertical Income ETF (the "Fund") for the period of October 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://funddocs.filepoint.com/rjetfs/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** **\*** | **Costs paid as a percentage of** **a $10,000 investment** **\*\*** |
| RJ Eagle Vertical Income ETF | $13 | 0.51% |

---

\* Amount shown reflects the expenses of the Fund from inception date through December 31, 2025. Expenses would be higher if the Fund had been in operation for the fiscal year January 1, 2025 through December 31, 2025.

\*\* Annualized

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• Since its inception in early October 2025, the fund operated in a market environment characterized by stable interest rates, modest credit spread movements, and continued strength in equity markets. These conditions generally supported income oriented strategies and high quality risk assets.

• The fund's focus on high quality corporate bonds and dividend paying equities aligned well with an environment where income dominated return potential. Modest spread widening created minor price pressure within parts of the investment grade bond market, though fundamentals remained supportive. Within equities, exposures to companies with durable cash flows benefited from a constructive backdrop supported by easing inflation, resilient economic activity, and improving investor sentiment.

• From a positioning standpoint, the portfolio's emphasis on intermediate maturity corporate bonds, diversified preferred securities, and opportunistic additions to dividend paying equities helped capture income opportunities consistent with our strategy. Some healthcare and energy names experienced softer sentiment, while technology, consumer staples, and utilities contributed positively.

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6699img003.jpg)

RJ Eagle Vertical Income ETF PAGE 1 TSR-AR-14214M278

------

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | |
|:---|:---|
|  | **Since Inception**<br>**(10/01/2025)** |
| **Fund NAV**  | 0.59 |
| **Bloomberg U.S. Aggregate Bond Index**  | 0.85 |
| **Bloomberg U.S. Corporate Bond Index**  | 0.58 |

---

Visit https://www.rjetfs.com/investment-strategies/rjvi for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $9965935 |
| **Number of Holdings** | 77 |
| **Net Advisory Fee** | $6536 |
| **Portfolio Turnover** | 2% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  Corporate Bonds  | 79.5% |
|  Common Stocks  | 18.3% |
|  Convertible Preferred Stocks  | 1.0% |
|  Cash & Other  | 1.2% |

---

---

| | |
|:---|:---|
| **Credit Breakdown** **\*** | **(%)** |
|  AAA  | 5.5% |
|  AA  | 4.8% |
|  A  | 38.8% |
|  BBB  | 50.9% |

---

\* The bond quality ratings indicated are assigned by credit rating agencies Standard & Poor's and Moody's, as an indication of an issuer's creditworthiness. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). The highest credit quality rating available from these two rating agencies is used and is expressed in Standard & Poor's form above. Ratings of BB+, or its equivalent, and lower may be lumped into the Below IG category. Credit quality is subject to change. The Credit Breakdown may not sum to 100% in certain cases. To the extent derivative instruments are held and shown at full notional value, collateral will be assigned to its defined Credit Rating category. Cash & Cash Equivalents are generally defined as securities with an effective duration less than one year and rated investment grade.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://funddocs.filepoint.com/rjetfs/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

RJ Eagle Vertical Income ETF PAGE 2 TSR-AR-14214M278

------

---

| | | |
|:---|:---|:---|
| ![image](img615633_202601021538312.jpg) | **RJ Eagle GCM Dividend Select Income ETF**  | ![image](img631035_202602061516603.jpg) |
| ![image](img615633_202601021538312.jpg) | RJDI (Principal U.S. Listing Exchange: NYSE Arca, Inc.) | ![image](img631035_202602061516603.jpg) |
| ![image](img615633_202601021538312.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img631035_202602061516603.jpg) |

---

This annual shareholder report contains important information about the RJ Eagle GCM Dividend Select Income ETF (the "Fund") for the period of October 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://funddocs.filepoint.com/rjetfs/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** **\*** | **Costs paid as a percentage of** **a $10,000 investment** **\*\*** |
| RJ Eagle GCM Dividend Select Income ETF | $13 | 0.51% |

---

\* Amount shown reflects the expenses of the Fund from inception date through December 31, 2025. Expenses would be higher if the Fund had been in operation for the fiscal year January 1, 2025 through December 31, 2025.

\*\* Annualized

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• The S&P 500® Index continued its advance through Q4 (finishing over 2% higher) with the main drivers being economic resilience, AI spending, strong corporate earnings, Fed cuts, and increased expectations toward 2026.

• There was moderate volatility from Oct. 29 to Nov. 20 with the S&P 500® Index down -5.1%, along with a shift in the market's underlying performance along the way. The market-leading technology area bore the brunt of the weakness (-10% in the drawdown) and has been unable to recapture prior highs. In contrast, "the average stock" pulled back 5.3% before accelerating to new highs.

• Our underweight to technology and overweight to healthcare benefited performance, as did stock selection in consumer staples, real estate, technology, industrials, and utilities.

• Conversely, our underweight exposure to communication services negatively impacted performance, as did stock selection in healthcare, energy, and materials.

• The fund had portfolio-weighted dividend yield of 2.6% vs. the S&P 500® Index at 1.2%. 36 of 37 holdings increased their dividend in 2025 by an average of 6.9% vs. S&P 500® Index dividend growth of 4.7%. There were no dividend reductions.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | ANALOG DEVICES INC |
| ↑ | TAPESTRY INC |
| ↑ | WALMART INC |
| ↑ | JOHNSON CONTROLS INTERNATIONAL PLC |
| ↑ | CUMMINS INC |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | MARATHON PETROLEUM CORP |
| ↓ | AIR PRODUCTS & CHEMICALS INC |
| ↓ | MICROSOFT CORP |
| ↓ | EATON CORP PLC |
| ↓ | MOTOROLA SOLUTIONS INC |

---

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

RJ Eagle GCM Dividend Select Income ETF PAGE 1 TSR-AR-14214M260

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6700img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | |
|:---|:---|
|  | **Since Inception**<br>**(10/01/2025)** |
| **Fund NAV**  | 1.32 |
| **S&P 500® Index**  | 2.30 |

---

Visit https://www.rjetfs.com/investment-strategies/rjdi for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $33485576 |
| **Number of Holdings** | 37 |
| **Net Advisory Fee** | $19611 |
| **Portfolio Turnover** | 1% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Broadcom, Inc.  | 7.9% |
|  JPMorgan Chase & Co.  | 4.6% |
|  Walmart, Inc.  | 4.6% |
|  Tapestry, Inc.  | 4.4% |
|  Johnson Controls International PLC  | 4.0% |
|  Analog Devices, Inc.  | 3.9% |
|  Apple, Inc.  | 3.9% |
|  Motorola Solutions, Inc.  | 3.8% |
|  AbbVie, Inc.  | 3.5% |
|  Welltower, Inc.  | 3.5% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Information Technology  | 25.8% |
|  Financials  | 15.6% |
|  Health Care  | 11.8% |
|  Industrials  | 11.2% |
|  Consumer Discretionary  | 8.9% |
|  Consumer Staples  | 7.5% |
|  Real Estate  | 5.4% |
|  Energy  | 5.2% |
|  Communication Services  | 3.7% |
|  Cash & Other  | 4.9% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://funddocs.filepoint.com/rjetfs/.

RJ Eagle GCM Dividend Select Income ETF PAGE 2 TSR-AR-14214M260

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

RJ Eagle GCM Dividend Select Income ETF PAGE 3 TSR-AR-14214M260

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Chartwell Mid Cap Value Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class A \| BERAX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Chartwell Mid Cap Value Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class A | $127 | 1.20% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

• The primary driver of the fund's performance relative to the Russell Midcap® Value Index was positive stock selection in a majority of sectors. Sector allocation was a modest negative.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | DOLLAR TREE INC |
| ↑ | NVENT ELECTRIC PLC |
| ↑ | EXPEDIA GROUP INC |
| ↑ | GLOBUS MEDICAL INC - A |
| ↑ | KIRBY CORP |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | CNH INDUSTRIAL NV |
| ↓ | ROBINHOOD MARKETS INC |
| ↓ | GLOBAL PAYMENTS INC |
| ↓ | AVANTOR INC |
| ↓ | FMC CORP |

---

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Chartwell Mid Cap Value Fund PAGE 1 TSR-AR-14214M393

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6257img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | |
|:---|:---|:---|
|  | **1 Year** | **Since Inception**<br>**(04/26/2024)** |
| **Class A (without sales charge)**  | 11.39 | 12.21 |
| **Class A (with sales charge)**  | 6.09 | 9.01 |
| **Russell 3000® Index**  | 17.15 | 20.11 |
| **Russell Midcap® Value Index**  | 11.05 | 12.13 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $21326274 |
| **Number of Holdings** | 49 |
| **Net Advisory Fee** | $46458 |
| **Portfolio Turnover** | 47% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Brunswick Corp.  | 3.1% |
|  Globus Medical, Inc.  | 3.0% |
|  Bruker Corp.  | 2.7% |
|  Cognizant Technology Solutions Corp.  | 2.7% |
|  Crown Holdings, Inc.  | 2.6% |
|  The Middleby Corp.  | 2.6% |
|  CAE, Inc.  | 2.6% |
|  Littelfuse, Inc.  | 2.6% |
|  Knight-Swift Transportation Holdings, Inc.  | 2.4% |
|  Kirby Corp.  | 2.4% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Industrials  | 22.0% |
|  Health Care  | 12.2% |
|  Real Estate  | 9.4% |
|  Consumer Discretionary  | 9.1% |
|  Information Technology  | 8.6% |
|  Financials  | 8.5% |
|  Materials  | 8.2% |
|  Energy  | 7.2% |
|  Utilities  | 6.1% |
|  Cash & Other  | 8.7% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Chartwell Mid Cap Value Fund PAGE 2 TSR-AR-14214M393

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Chartwell Mid Cap Value Fund PAGE 3 TSR-AR-14214M393

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Chartwell Mid Cap Value Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class C \| BERBX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Chartwell Mid Cap Value Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class C | $205 | 1.95% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

• The primary driver of the fund's performance relative to the Russell Midcap® Value Index was positive stock selection in a majority of sectors. Sector allocation was a modest negative.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | DOLLAR TREE INC |
| ↑ | NVENT ELECTRIC PLC |
| ↑ | EXPEDIA GROUP INC |
| ↑ | GLOBUS MEDICAL INC - A |
| ↑ | KIRBY CORP |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | CNH INDUSTRIAL NV |
| ↓ | ROBINHOOD MARKETS INC |
| ↓ | GLOBAL PAYMENTS INC |
| ↓ | AVANTOR INC |
| ↓ | FMC CORP |

---

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Chartwell Mid Cap Value Fund PAGE 1 TSR-AR-14214M385

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6258img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | |
|:---|:---|:---|
|  | **1 Year** | **Since Inception**<br>**(04/26/2024)** |
| **Class C (without sales charge)**  | 10.52 | 11.36 |
| **Class C (with sales charge)**  | 10.52 | 11.36 |
| **Russell 3000® Index**  | 17.15 | 20.11 |
| **Russell Midcap® Value Index**  | 11.05 | 12.13 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $21326274 |
| **Number of Holdings** | 49 |
| **Net Advisory Fee** | $46458 |
| **Portfolio Turnover** | 47% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Brunswick Corp.  | 3.1% |
|  Globus Medical, Inc.  | 3.0% |
|  Bruker Corp.  | 2.7% |
|  Cognizant Technology Solutions Corp.  | 2.7% |
|  Crown Holdings, Inc.  | 2.6% |
|  The Middleby Corp.  | 2.6% |
|  CAE, Inc.  | 2.6% |
|  Littelfuse, Inc.  | 2.6% |
|  Knight-Swift Transportation Holdings, Inc.  | 2.4% |
|  Kirby Corp.  | 2.4% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Industrials  | 22.0% |
|  Health Care  | 12.2% |
|  Real Estate  | 9.4% |
|  Consumer Discretionary  | 9.1% |
|  Information Technology  | 8.6% |
|  Financials  | 8.5% |
|  Materials  | 8.2% |
|  Energy  | 7.2% |
|  Utilities  | 6.1% |
|  Cash & Other  | 8.7% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

Carillon Chartwell Mid Cap Value Fund PAGE 2 TSR-AR-14214M385

------

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Chartwell Mid Cap Value Fund PAGE 3 TSR-AR-14214M385

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Chartwell Mid Cap Value Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class I \| BERCX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Chartwell Mid Cap Value Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class I | $95 | 0.90% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

• The primary driver of the fund's performance relative to the Russell Midcap® Value Index was positive stock selection in a majority of sectors. Sector allocation was a modest negative.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | DOLLAR TREE INC |
| ↑ | NVENT ELECTRIC PLC |
| ↑ | EXPEDIA GROUP INC |
| ↑ | GLOBUS MEDICAL INC - A |
| ↑ | KIRBY CORP |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | CNH INDUSTRIAL NV |
| ↓ | ROBINHOOD MARKETS INC |
| ↓ | GLOBAL PAYMENTS INC |
| ↓ | AVANTOR INC |
| ↓ | FMC CORP |

---

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Chartwell Mid Cap Value Fund PAGE 1 TSR-AR-16140T301

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6259img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class I (without sales charge)**  | 11.76 | 8.42 | 9.06 |
| **Russell 3000® Index**  | 17.15 | 13.15 | 14.29 |
| **Russell Midcap® Value Index**  | 11.05 | 9.83 | 9.78 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $21326274 |
| **Number of Holdings** | 49 |
| **Net Advisory Fee** | $46458 |
| **Portfolio Turnover** | 47% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Brunswick Corp.  | 3.1% |
|  Globus Medical, Inc.  | 3.0% |
|  Bruker Corp.  | 2.7% |
|  Cognizant Technology Solutions Corp.  | 2.7% |
|  Crown Holdings, Inc.  | 2.6% |
|  The Middleby Corp.  | 2.6% |
|  CAE, Inc.  | 2.6% |
|  Littelfuse, Inc.  | 2.6% |
|  Knight-Swift Transportation Holdings, Inc.  | 2.4% |
|  Kirby Corp.  | 2.4% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Industrials  | 22.0% |
|  Health Care  | 12.2% |
|  Real Estate  | 9.4% |
|  Consumer Discretionary  | 9.1% |
|  Information Technology  | 8.6% |
|  Financials  | 8.5% |
|  Materials  | 8.2% |
|  Energy  | 7.2% |
|  Utilities  | 6.1% |
|  Cash & Other  | 8.7% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

Carillon Chartwell Mid Cap Value Fund PAGE 2 TSR-AR-16140T301

------

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Chartwell Mid Cap Value Fund PAGE 3 TSR-AR-16140T301

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Chartwell Mid Cap Value Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class R-6 \| BERDX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Chartwell Mid Cap Value Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class R-6 | $85 | 0.80% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

• The primary driver of the fund's performance relative to the Russell Midcap® Value Index was positive stock selection in a majority of sectors. Sector allocation was a modest negative.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | DOLLAR TREE INC |
| ↑ | NVENT ELECTRIC PLC |
| ↑ | EXPEDIA GROUP INC |
| ↑ | GLOBUS MEDICAL INC - A |
| ↑ | KIRBY CORP |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | CNH INDUSTRIAL NV |
| ↓ | ROBINHOOD MARKETS INC |
| ↓ | GLOBAL PAYMENTS INC |
| ↓ | AVANTOR INC |
| ↓ | FMC CORP |

---

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $1,000,000 chart reflects a hypothetical $1,000,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Chartwell Mid Cap Value Fund PAGE 1 TSR-AR-14214M377

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $1,000,000)

![image](ts6260img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | |
|:---|:---|:---|
|  | **1 Year** | **Since Inception**<br>**(04/26/2024)** |
| **Class R-6 (without sales charge)**  | 11.91 | 12.68 |
| **Russell 3000® Index**  | 17.15 | 20.11 |
| **Russell Midcap® Value Index**  | 11.05 | 12.13 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $21326274 |
| **Number of Holdings** | 49 |
| **Net Advisory Fee** | $46458 |
| **Portfolio Turnover** | 47% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Brunswick Corp.  | 3.1% |
|  Globus Medical, Inc.  | 3.0% |
|  Bruker Corp.  | 2.7% |
|  Cognizant Technology Solutions Corp.  | 2.7% |
|  Crown Holdings, Inc.  | 2.6% |
|  The Middleby Corp.  | 2.6% |
|  CAE, Inc.  | 2.6% |
|  Littelfuse, Inc.  | 2.6% |
|  Knight-Swift Transportation Holdings, Inc.  | 2.4% |
|  Kirby Corp.  | 2.4% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Industrials  | 22.0% |
|  Health Care  | 12.2% |
|  Real Estate  | 9.4% |
|  Consumer Discretionary  | 9.1% |
|  Information Technology  | 8.6% |
|  Financials  | 8.5% |
|  Materials  | 8.2% |
|  Energy  | 7.2% |
|  Utilities  | 6.1% |
|  Cash & Other  | 8.7% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Chartwell Mid Cap Value Fund PAGE 2 TSR-AR-14214M377

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Chartwell Mid Cap Value Fund PAGE 3 TSR-AR-14214M377

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Chartwell Small Cap Growth Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class A \| CWSAX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Chartwell Small Cap Growth Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class A | $134 | 1.25% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• The fund's strategy had strong performance, outperforming the Russell 2000® Growth Index. Small-cap stocks had solid returns in 2025, with the growth style outperforming the value style again for the year. Within the portfolio, the technology and industrials sectors had the most significant outperformance, with strong stock selection generating notable alpha. Conversely, the performance of the healthcare and the consumer staples sectors had a negative impact.

• For the year, companies benefiting from strong secular themes were identified, leading to strong stock performance. Specifically, companies that benefited from the global data center capital expenditure (capex) explosion did particularly well last year. These include engineering and construction companies, as well as optical transceiver manufacturers. Another secular theme is the strong aerospace and defense industries.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | COMFORT SYSTEMS USA INC |
| ↑ | LUMENTUM HOLDINGS INC |
| ↑ | COHERENT CORP |
| ↑ | IREN LTD |
| ↑ | STERLING INFRASTRUCTURE INC |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | MANHATTAN ASSOCIATES INC |
| ↓ | MERIT MEDICAL SYSTEMS INC |
| ↓ | INTEGER HOLDINGS CORP |
| ↓ | BLOOM ENERGY CORP |
| ↓ | BELLRING BRANDS INC |

---

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Chartwell Small Cap Growth Fund PAGE 1 TSR-AR-14214M369

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6276img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | |
|:---|:---|:---|
|  | **1 Year** | **Since Inception**<br>**(04/26/2024)** |
| **Class A (without sales charge)**  | 14.47 | 21.30 |
| **Class A (with sales charge)**  | 9.05 | 17.84 |
| **Russell 3000® Index**  | 17.15 | 20.11 |
| **Russell 2000® Growth Index**  | 13.01 | 16.54 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $113162957 |
| **Number of Holdings** | 86 |
| **Net Advisory Fee** | $0 |
| **Portfolio Turnover** | 72% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Comfort Systems USA, Inc.  | 2.5% |
|  Merit Medical Systems, Inc.  | 2.5% |
|  Sterling Infrastructure, Inc.  | 2.4% |
|  Coherent Corp.  | 2.4% |
|  Lumentum Holdings, Inc.  | 2.4% |
|  MACOM Technology Solutions Holdings, Inc.  | 2.4% |
|  Fabrinet  | 2.3% |
|  Applied Industrial Technologies, Inc.  | 2.1% |
|  FTAI Aviation Ltd.  | 2.1% |
|  AeroVironment, Inc.  | 2.0% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Health Care  | 27.1% |
|  Industrials  | 24.1% |
|  Information Technology  | 18.1% |
|  Consumer Discretionary  | 8.8% |
|  Financials  | 7.4% |
|  Utilities  | 2.5% |
|  Energy  | 2.3% |
|  Real Estate  | 2.0% |
|  Communication Services  | 1.9% |
|  Cash & Other  | 5.8% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Chartwell Small Cap Growth Fund PAGE 2 TSR-AR-14214M369

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Chartwell Small Cap Growth Fund PAGE 3 TSR-AR-14214M369

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Chartwell Small Cap Growth Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class C \| CWSBX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Chartwell Small Cap Growth Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class C | $214 | 2.00% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• The fund's strategy had strong performance, outperforming the Russell 2000® Growth Index. Small-cap stocks had solid returns in 2025, with the growth style outperforming the value style again for the year. Within the portfolio, the technology and industrials sectors had the most significant outperformance, with strong stock selection generating notable alpha. Conversely, the performance of the healthcare and the consumer staples sectors had a negative impact.

• For the year, companies benefiting from strong secular themes were identified, leading to strong stock performance. Specifically, companies that benefited from the global data center capital expenditure (capex) explosion did particularly well last year. These include engineering and construction companies, as well as optical transceiver manufacturers. Another secular theme is the strong aerospace and defense industries.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | COMFORT SYSTEMS USA INC |
| ↑ | LUMENTUM HOLDINGS INC |
| ↑ | COHERENT CORP |
| ↑ | IREN LTD |
| ↑ | STERLING INFRASTRUCTURE INC |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | MANHATTAN ASSOCIATES INC |
| ↓ | MERIT MEDICAL SYSTEMS INC |
| ↓ | INTEGER HOLDINGS CORP |
| ↓ | BLOOM ENERGY CORP |
| ↓ | BELLRING BRANDS INC |

---

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Chartwell Small Cap Growth Fund PAGE 1 TSR-AR-14214M351

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6275img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | |
|:---|:---|:---|
|  | **1 Year** | **Since Inception**<br>**(04/26/2024)** |
| **Class C (without sales charge)**  | 13.59 | 20.39 |
| **Class C (with sales charge)**  | 13.59 | 20.39 |
| **Russell 3000® Index**  | 17.15 | 20.11 |
| **Russell 2000® Growth Index**  | 13.01 | 16.54 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $113162957 |
| **Number of Holdings** | 86 |
| **Net Advisory Fee** | $0 |
| **Portfolio Turnover** | 72% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Comfort Systems USA, Inc.  | 2.5% |
|  Merit Medical Systems, Inc.  | 2.5% |
|  Sterling Infrastructure, Inc.  | 2.4% |
|  Coherent Corp.  | 2.4% |
|  Lumentum Holdings, Inc.  | 2.4% |
|  MACOM Technology Solutions Holdings, Inc.  | 2.4% |
|  Fabrinet  | 2.3% |
|  Applied Industrial Technologies, Inc.  | 2.1% |
|  FTAI Aviation Ltd.  | 2.1% |
|  AeroVironment, Inc.  | 2.0% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Health Care  | 27.1% |
|  Industrials  | 24.1% |
|  Information Technology  | 18.1% |
|  Consumer Discretionary  | 8.8% |
|  Financials  | 7.4% |
|  Utilities  | 2.5% |
|  Energy  | 2.3% |
|  Real Estate  | 2.0% |
|  Communication Services  | 1.9% |
|  Cash & Other  | 5.8% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Chartwell Small Cap Growth Fund PAGE 2 TSR-AR-14214M351

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Chartwell Small Cap Growth Fund PAGE 3 TSR-AR-14214M351

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Chartwell Small Cap Growth Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class I \| CWSGX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Chartwell Small Cap Growth Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class I | $102 | 0.95% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• The fund's strategy had strong performance, outperforming the Russell 2000® Growth Index. Small-cap stocks had solid returns in 2025, with the growth style outperforming the value style again for the year. Within the portfolio, the technology and industrials sectors had the most significant outperformance, with strong stock selection generating notable alpha. Conversely, the performance of the healthcare and the consumer staples sectors had a negative impact.

• For the year, companies benefiting from strong secular themes were identified, leading to strong stock performance. Specifically, companies that benefited from the global data center capital expenditure (capex) explosion did particularly well last year. These include engineering and construction companies, as well as optical transceiver manufacturers. Another secular theme is the strong aerospace and defense industries.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | COMFORT SYSTEMS USA INC |
| ↑ | LUMENTUM HOLDINGS INC |
| ↑ | COHERENT CORP |
| ↑ | IREN LTD |
| ↑ | STERLING INFRASTRUCTURE INC |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | MANHATTAN ASSOCIATES INC |
| ↓ | MERIT MEDICAL SYSTEMS INC |
| ↓ | INTEGER HOLDINGS CORP |
| ↓ | BLOOM ENERGY CORP |
| ↓ | BELLRING BRANDS INC |

---

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Chartwell Small Cap Growth Fund PAGE 1 TSR-AR-16140T608

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6274img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Since Inception**<br>**(06/16/2017)** |
| **Class I (without sales charge)**  | 14.77 | 9.01 | 13.06 |
| **Russell 3000® Index**  | 17.15 | 13.15 | 14.11 |
| **Russell 2000® Growth Index**  | 13.01 | 3.18 | 8.85 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $113162957 |
| **Number of Holdings** | 86 |
| **Net Advisory Fee** | $0 |
| **Portfolio Turnover** | 72% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Comfort Systems USA, Inc.  | 2.5% |
|  Merit Medical Systems, Inc.  | 2.5% |
|  Sterling Infrastructure, Inc.  | 2.4% |
|  Coherent Corp.  | 2.4% |
|  Lumentum Holdings, Inc.  | 2.4% |
|  MACOM Technology Solutions Holdings, Inc.  | 2.4% |
|  Fabrinet  | 2.3% |
|  Applied Industrial Technologies, Inc.  | 2.1% |
|  FTAI Aviation Ltd.  | 2.1% |
|  AeroVironment, Inc.  | 2.0% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Health Care  | 27.1% |
|  Industrials  | 24.1% |
|  Information Technology  | 18.1% |
|  Consumer Discretionary  | 8.8% |
|  Financials  | 7.4% |
|  Utilities  | 2.5% |
|  Energy  | 2.3% |
|  Real Estate  | 2.0% |
|  Communication Services  | 1.9% |
|  Cash & Other  | 5.8% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Chartwell Small Cap Growth Fund PAGE 2 TSR-AR-16140T608

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Chartwell Small Cap Growth Fund PAGE 3 TSR-AR-16140T608

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Chartwell Small Cap Growth Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class R-6 \| CWSRX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Chartwell Small Cap Growth Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class R-6 | $91 | 0.85% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• The fund's strategy had strong performance, outperforming the Russell 2000® Growth Index. Small-cap stocks had solid returns in 2025, with the growth style outperforming the value style again for the year. Within the portfolio, the technology and industrials sectors had the most significant outperformance, with strong stock selection generating notable alpha. Conversely, the performance of the healthcare and the consumer staples sectors had a negative impact.

• For the year, companies benefiting from strong secular themes were identified, leading to strong stock performance. Specifically, companies that benefited from the global data center capital expenditure (capex) explosion did particularly well last year. These include engineering and construction companies, as well as optical transceiver manufacturers. Another secular theme is the strong aerospace and defense industries.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | COMFORT SYSTEMS USA INC |
| ↑ | LUMENTUM HOLDINGS INC |
| ↑ | COHERENT CORP |
| ↑ | IREN LTD |
| ↑ | STERLING INFRASTRUCTURE INC |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | MANHATTAN ASSOCIATES INC |
| ↓ | MERIT MEDICAL SYSTEMS INC |
| ↓ | INTEGER HOLDINGS CORP |
| ↓ | BLOOM ENERGY CORP |
| ↓ | BELLRING BRANDS INC |

---

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $1,000,000 chart reflects a hypothetical $1,000,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Chartwell Small Cap Growth Fund PAGE 1 TSR-AR-14214M344

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $1,000,000)

![image](ts6273img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | |
|:---|:---|:---|
|  | **1 Year** | **Since Inception**<br>**(04/26/2024)** |
| **Class R-6 (without sales charge)**  | 14.84 | 21.74 |
| **Russell 3000® Index**  | 17.15 | 20.11 |
| **Russell 2000® Growth Index**  | 13.01 | 16.54 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $113162957 |
| **Number of Holdings** | 86 |
| **Net Advisory Fee** | $0 |
| **Portfolio Turnover** | 72% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Comfort Systems USA, Inc.  | 2.5% |
|  Merit Medical Systems, Inc.  | 2.5% |
|  Sterling Infrastructure, Inc.  | 2.4% |
|  Coherent Corp.  | 2.4% |
|  Lumentum Holdings, Inc.  | 2.4% |
|  MACOM Technology Solutions Holdings, Inc.  | 2.4% |
|  Fabrinet  | 2.3% |
|  Applied Industrial Technologies, Inc.  | 2.1% |
|  FTAI Aviation Ltd.  | 2.1% |
|  AeroVironment, Inc.  | 2.0% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Health Care  | 27.1% |
|  Industrials  | 24.1% |
|  Information Technology  | 18.1% |
|  Consumer Discretionary  | 8.8% |
|  Financials  | 7.4% |
|  Utilities  | 2.5% |
|  Energy  | 2.3% |
|  Real Estate  | 2.0% |
|  Communication Services  | 1.9% |
|  Cash & Other  | 5.8% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Chartwell Small Cap Growth Fund PAGE 2 TSR-AR-14214M344

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Chartwell Small Cap Growth Fund PAGE 3 TSR-AR-14214M344

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Chartwell Small Cap Value Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class A \| CWSCX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Chartwell Small Cap Value Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class A | $134 | 1.35% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

• The Russell 2000® Value Index was led by a narrow set of unprofitable concept stocks with little or no revenue, particularly during the second and third quarters when stocks with high short interest surged. A primary driver of the fund's performance relative to the Russell 2000® Value Index was its prioritization of business quality and financial strength and its resulting lack of exposure to these low-quality stocks. This was reflected in negative stock selection across multiple sectors. Sector allocation was a modest positive.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | NVENT ELECTRIC PLC |
| ↑ | ADVANCED ENERGY INDUSTRIES |
| ↑ | FIVE BELOW |
| ↑ | TRIMAS CORP |
| ↑ | AMERICAN EAGLE OUTFITTERS |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | KEMPER CORP |
| ↓ | INTEGER HOLDINGS CORP |
| ↓ | ECHOSTAR CORP-A |
| ↓ | SIX FLAGS ENTERTAINMENT CORP |
| ↓ | COLUMBUS MCKINNON CORP/NY |

---

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Chartwell Small Cap Value Fund PAGE 1 TSR-AR-14214M336

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6269img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | |
|:---|:---|:---|
|  | **1 Year** | **Since Inception**<br>**(04/26/2024)** |
| **Class A (without sales charge)**  | -0.80 | 6.55 |
| **Class A (with sales charge)**  | -5.49 | 3.52 |
| **Russell 3000® Index**  | 17.15 | 20.11 |
| **Russell 2000® Value Index**  | 12.59 | 13.85 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $43986918 |
| **Number of Holdings** | 74 |
| **Net Advisory Fee** | $376910 |
| **Portfolio Turnover** | 56% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Bruker Corp.  | 2.4% |
|  FNB Corp.  | 2.1% |
|  Cushman & Wakefield Ltd.  | 2.1% |
|  Old National Bancorp  | 2.1% |
|  Hub Group, Inc.  | 2.0% |
|  Renasant Corp.  | 2.0% |
|  Helios Technologies, Inc.  | 2.0% |
|  Elanco Animal Health, Inc.  | 2.0% |
|  Nomad Foods Ltd.  | 1.9% |
|  Columbia Banking System, Inc.  | 1.9% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Financials  | 19.8% |
|  Industrials  | 19.6% |
|  Real Estate  | 11.5% |
|  Health Care  | 10.8% |
|  Information Technology  | 9.6% |
|  Materials  | 7.7% |
|  Consumer Discretionary  | 7.2% |
|  Energy  | 6.8% |
|  Consumer Staples  | 4.7% |
|  Cash & Other  | 2.3% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Chartwell Small Cap Value Fund PAGE 2 TSR-AR-14214M336

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Chartwell Small Cap Value Fund PAGE 3 TSR-AR-14214M336

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Chartwell Small Cap Value Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class C \| CWSHX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Chartwell Small Cap Value Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class C | $208 | 2.10% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

• The Russell 2000® Value Index was led by a narrow set of unprofitable concept stocks with little or no revenue, particularly during the second and third quarters when stocks with high short interest surged. A primary driver of the fund's performance relative to the Russell 2000® Value Index was its prioritization of business quality and financial strength and its resulting lack of exposure to these low-quality stocks. This was reflected in negative stock selection across multiple sectors. Sector allocation was a modest positive.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | NVENT ELECTRIC PLC |
| ↑ | ADVANCED ENERGY INDUSTRIES |
| ↑ | FIVE BELOW |
| ↑ | TRIMAS CORP |
| ↑ | AMERICAN EAGLE OUTFITTERS |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | KEMPER CORP |
| ↓ | INTEGER HOLDINGS CORP |
| ↓ | ECHOSTAR CORP-A |
| ↓ | SIX FLAGS ENTERTAINMENT CORP |
| ↓ | COLUMBUS MCKINNON CORP/NY |

---

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Chartwell Small Cap Value Fund PAGE 1 TSR-AR-14214M328

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6272img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | |
|:---|:---|:---|
|  | **1 Year** | **Since Inception**<br>**(04/26/2024)** |
| **Class C (without sales charge)**  | -1.59 | 5.73 |
| **Class C (with sales charge)**  | -1.59 | 5.73 |
| **Russell 3000® Index**  | 17.15 | 20.11 |
| **Russell 2000® Value Index**  | 12.59 | 13.85 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $43986918 |
| **Number of Holdings** | 74 |
| **Net Advisory Fee** | $376910 |
| **Portfolio Turnover** | 56% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Bruker Corp.  | 2.4% |
|  FNB Corp.  | 2.1% |
|  Cushman & Wakefield Ltd.  | 2.1% |
|  Old National Bancorp  | 2.1% |
|  Hub Group, Inc.  | 2.0% |
|  Renasant Corp.  | 2.0% |
|  Helios Technologies, Inc.  | 2.0% |
|  Elanco Animal Health, Inc.  | 2.0% |
|  Nomad Foods Ltd.  | 1.9% |
|  Columbia Banking System, Inc.  | 1.9% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Financials  | 19.8% |
|  Industrials  | 19.6% |
|  Real Estate  | 11.5% |
|  Health Care  | 10.8% |
|  Information Technology  | 9.6% |
|  Materials  | 7.7% |
|  Consumer Discretionary  | 7.2% |
|  Energy  | 6.8% |
|  Consumer Staples  | 4.7% |
|  Cash & Other  | 2.3% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Chartwell Small Cap Value Fund PAGE 2 TSR-AR-14214M328

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Chartwell Small Cap Value Fund PAGE 3 TSR-AR-14214M328

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Chartwell Small Cap Value Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class I \| CWSIX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Chartwell Small Cap Value Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class I | $105 | 1.05% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

• The Russell 2000® Value Index was led by a narrow set of unprofitable concept stocks with little or no revenue, particularly during the second and third quarters when stocks with high short interest surged. A primary driver of the fund's performance relative to the Russell 2000® Value Index was its prioritization of business quality and financial strength and its resulting lack of exposure to these low-quality stocks. This was reflected in negative stock selection across multiple sectors. Sector allocation was a modest positive.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | NVENT ELECTRIC PLC |
| ↑ | ADVANCED ENERGY INDUSTRIES |
| ↑ | FIVE BELOW |
| ↑ | TRIMAS CORP |
| ↑ | AMERICAN EAGLE OUTFITTERS |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | KEMPER CORP |
| ↓ | INTEGER HOLDINGS CORP |
| ↓ | ECHOSTAR CORP-A |
| ↓ | SIX FLAGS ENTERTAINMENT CORP |
| ↓ | COLUMBUS MCKINNON CORP/NY |

---

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Chartwell Small Cap Value Fund PAGE 1 TSR-AR-16140T509

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6270img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class I (without sales charge)**  | -0.52 | 6.90 | 7.17 |
| **Russell 3000® Index**  | 17.15 | 13.15 | 14.29 |
| **Russell 2000® Value Index**  | 12.59 | 8.88 | 9.27 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $43986918 |
| **Number of Holdings** | 74 |
| **Net Advisory Fee** | $376910 |
| **Portfolio Turnover** | 56% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Bruker Corp.  | 2.4% |
|  FNB Corp.  | 2.1% |
|  Cushman & Wakefield Ltd.  | 2.1% |
|  Old National Bancorp  | 2.1% |
|  Hub Group, Inc.  | 2.0% |
|  Renasant Corp.  | 2.0% |
|  Helios Technologies, Inc.  | 2.0% |
|  Elanco Animal Health, Inc.  | 2.0% |
|  Nomad Foods Ltd.  | 1.9% |
|  Columbia Banking System, Inc.  | 1.9% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Financials  | 19.8% |
|  Industrials  | 19.6% |
|  Real Estate  | 11.5% |
|  Health Care  | 10.8% |
|  Information Technology  | 9.6% |
|  Materials  | 7.7% |
|  Consumer Discretionary  | 7.2% |
|  Energy  | 6.8% |
|  Consumer Staples  | 4.7% |
|  Cash & Other  | 2.3% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Chartwell Small Cap Value Fund PAGE 2 TSR-AR-16140T509

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Chartwell Small Cap Value Fund PAGE 3 TSR-AR-16140T509

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Chartwell Small Cap Value Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class R-6 \| CWSWX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Chartwell Small Cap Value Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class R-6 | $95 | 0.95% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

• The Russell 2000® Value Index was led by a narrow set of unprofitable concept stocks with little or no revenue, particularly during the second and third quarters when stocks with high short interest surged. A primary driver of the fund's performance relative to the Russell 2000® Value Index was its prioritization of business quality and financial strength and its resulting lack of exposure to these low-quality stocks. This was reflected in negative stock selection across multiple sectors. Sector allocation was a modest positive.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | NVENT ELECTRIC PLC |
| ↑ | ADVANCED ENERGY INDUSTRIES |
| ↑ | FIVE BELOW |
| ↑ | TRIMAS CORP |
| ↑ | AMERICAN EAGLE OUTFITTERS |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | KEMPER CORP |
| ↓ | INTEGER HOLDINGS CORP |
| ↓ | ECHOSTAR CORP-A |
| ↓ | SIX FLAGS ENTERTAINMENT CORP |
| ↓ | COLUMBUS MCKINNON CORP/NY |

---

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $1,000,000 chart reflects a hypothetical $1,000,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Chartwell Small Cap Value Fund PAGE 1 TSR-AR-14214M310

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $1,000,000)

![image](ts6271img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | |
|:---|:---|:---|
|  | **1 Year** | **Since Inception**<br>**(04/26/2024)** |
| **Class R-6 (without sales charge)**  | -0.44 | 6.95 |
| **Russell 3000® Index**  | 17.15 | 20.11 |
| **Russell 2000® Value Index**  | 12.59 | 13.85 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $43986918 |
| **Number of Holdings** | 74 |
| **Net Advisory Fee** | $376910 |
| **Portfolio Turnover** | 56% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Bruker Corp.  | 2.4% |
|  FNB Corp.  | 2.1% |
|  Cushman & Wakefield Ltd.  | 2.1% |
|  Old National Bancorp  | 2.1% |
|  Hub Group, Inc.  | 2.0% |
|  Renasant Corp.  | 2.0% |
|  Helios Technologies, Inc.  | 2.0% |
|  Elanco Animal Health, Inc.  | 2.0% |
|  Nomad Foods Ltd.  | 1.9% |
|  Columbia Banking System, Inc.  | 1.9% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Financials  | 19.8% |
|  Industrials  | 19.6% |
|  Real Estate  | 11.5% |
|  Health Care  | 10.8% |
|  Information Technology  | 9.6% |
|  Materials  | 7.7% |
|  Consumer Discretionary  | 7.2% |
|  Energy  | 6.8% |
|  Consumer Staples  | 4.7% |
|  Cash & Other  | 2.3% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Chartwell Small Cap Value Fund PAGE 2 TSR-AR-14214M310

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Chartwell Small Cap Value Fund PAGE 3 TSR-AR-14214M310

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon ClariVest Capital Appreciation** **Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class A \| HRCPX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon ClariVest Capital Appreciation Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184. **This report describes changes to the Fund that occurred during the reporting period.**

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class A | $111 | 1.00% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• The market continued to be driven by the artificial intelligence theme. Growth outpaced value for the third consecutive year, though by a much smaller margin with the Russell 1000® Growth Index returning 18.55% compared to the 15.88% returned by the Russell 1000® Value Index.

• We saw broadening out in participation beyond the Magnificent Seven. Among the Magnificent Seven, only Nvidia and Alphabet outperformed the Russell 1000® Growth Index, while the remaining five lagged. The fund achieved some excess return from within the Magnificent Seven, being overweight Nvidia and Alphabet, but most excess return came from stock selection outside of the Magnificent Seven.

• From a sector perspective, the fund's sector allocation was slightly positive, led by an underweight position in consumer discretionary. The majority of excess return came from stock selection, especially within the communications services, consumer discretionary, healthcare, and information technology sectors.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | NVIDIA Corporation |
| ↑ | Broadcom Inc. |
| ↑ | Microsoft Corporation |
| ↑ | Alphabet Inc. Class A |
| ↑ | Alphabet Inc. Class C |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | Block, Inc. Class A |
| ↓ | Apple Inc. |
| ↓ | Hewlett Packard Enterprise Co. |
| ↓ | Fiserv, Inc. |
| ↓ | Salesforce, Inc. |

---

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon ClariVest Capital Appreciation Fund PAGE 1 TSR-AR-14214L106

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6277img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class A (without sales charge)**  | 22.99 | 16.59 | 16.60 |
| **Class A (with sales charge)**  | 17.16 | 15.46 | 16.03 |
| **S&P 500® Index**  | 17.88 | 14.42 | 14.82 |
| **Russell 1000® Growth Index**  | 18.56 | 15.32 | 18.13 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $586326932 |
| **Number of Holdings** | 63 |
| **Net Advisory Fee** | $2590348 |
| **Portfolio Turnover** | 16% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  NVIDIA Corp.  | 13.2% |
|  Apple, Inc.  | 10.4% |
|  Microsoft Corp.  | 9.9% |
|  Alphabet, Inc.  | 8.2% |
|  Broadcom, Inc.  | 5.4% |
|  Amazon.com, Inc.  | 5.2% |
|  Meta Platforms, Inc.  | 3.2% |
|  Tesla, Inc.  | 2.4% |
|  Eli Lilly & Co.  | 2.1% |
|  Visa, Inc.  | 1.9% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Information Technology  | 52.3% |
|  Communication Services  | 13.8% |
|  Consumer Discretionary  | 10.9% |
|  Health Care  | 7.5% |
|  Financials  | 6.3% |
|  Industrials  | 4.2% |
|  Consumer Staples  | 3.3% |
|  Materials  | 0.7% |
|  Real Estate  | 0.5% |
|  Cash & Other  | 0.5% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

**Changes to Shareholder Fees (fees paid directly from your investment):**

At meetings held on November 14-15, 2024, the Board of Trustees of Carillon Series Trust approved decreasing the investment advisory and subadvisory fee rate for the Carillon ClariVest Capital Appreciation Fund by 0.10%, and increasing the Fee Waiver and/or Expense Reimbursement arrangement in place for the Fund by 0.05%. These changes went into effect as of May 1, 2025.

Carillon ClariVest Capital Appreciation Fund PAGE 2 TSR-AR-14214L106

------

**Other Material Fund Changes:**

At meetings held on February 12-13, 2026, the Board of Trustees of Carillon Series Trust approved a Plan of Reorganization and Termination pursuant to which the Carillon ClariVest Capital Appreciation Fund would be reorganized into the RJ ClariVest Capital Appreciation ETF, a newly-formed exchange-traded fund series of Carillon Series Trust, with an anticipated closing date in May 2026.

This is a summary of certain changes to the Fund since January 1, 2025. For more complete information, you may review the Fund's current prospectus, dated May 1, 2025, as supplemented which is available upon request at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon ClariVest Capital Appreciation Fund PAGE 3 TSR-AR-14214L106

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon ClariVest Capital Appreciation** **Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class C \| HRCCX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon ClariVest Capital Appreciation Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184. **This report describes changes to the Fund that occurred during the reporting period.**

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class C | $194 | 1.75% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• The market continued to be driven by the artificial intelligence theme. Growth outpaced value for the third consecutive year, though by a much smaller margin with the Russell 1000® Growth Index returning 18.55% compared to the 15.88% returned by the Russell 1000® Value Index.

• We saw broadening out in participation beyond the Magnificent Seven. Among the Magnificent Seven, only Nvidia and Alphabet outperformed the Russell 1000® Growth Index, while the remaining five lagged. The fund achieved some excess return from within the Magnificent Seven, being overweight Nvidia and Alphabet, but most excess return came from stock selection outside of the Magnificent Seven.

• From a sector perspective, the fund's sector allocation was slightly positive, led by an underweight position in consumer discretionary. The majority of excess return came from stock selection, especially within the communications services, consumer discretionary, healthcare, and information technology sectors.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | NVIDIA Corporation |
| ↑ | Broadcom Inc. |
| ↑ | Microsoft Corporation |
| ↑ | Alphabet Inc. Class A |
| ↑ | Alphabet Inc. Class C |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | Block, Inc. Class A |
| ↓ | Apple Inc. |
| ↓ | Hewlett Packard Enterprise Co. |
| ↓ | Fiserv, Inc. |
| ↓ | Salesforce, Inc. |

---

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon ClariVest Capital Appreciation Fund PAGE 1 TSR-AR-14214L205

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6278img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class C (without sales charge)**  | 22.06 | 15.72 | 15.72 |
| **Class C (with sales charge)**  | 22.06 | 15.72 | 15.72 |
| **S&P 500® Index**  | 17.88 | 14.42 | 14.82 |
| **Russell 1000® Growth Index**  | 18.56 | 15.32 | 18.13 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $586326932 |
| **Number of Holdings** | 63 |
| **Net Advisory Fee** | $2590348 |
| **Portfolio Turnover** | 16% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  NVIDIA Corp.  | 13.2% |
|  Apple, Inc.  | 10.4% |
|  Microsoft Corp.  | 9.9% |
|  Alphabet, Inc.  | 8.2% |
|  Broadcom, Inc.  | 5.4% |
|  Amazon.com, Inc.  | 5.2% |
|  Meta Platforms, Inc.  | 3.2% |
|  Tesla, Inc.  | 2.4% |
|  Eli Lilly & Co.  | 2.1% |
|  Visa, Inc.  | 1.9% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Information Technology  | 52.3% |
|  Communication Services  | 13.8% |
|  Consumer Discretionary  | 10.9% |
|  Health Care  | 7.5% |
|  Financials  | 6.3% |
|  Industrials  | 4.2% |
|  Consumer Staples  | 3.3% |
|  Materials  | 0.7% |
|  Real Estate  | 0.5% |
|  Cash & Other  | 0.5% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

**Changes to Shareholder Fees (fees paid directly from your investment):**

At meetings held on November 14-15, 2024, the Board of Trustees of Carillon Series Trust approved decreasing the investment advisory and subadvisory fee rate for the Carillon ClariVest Capital Appreciation Fund by 0.10%, and increasing the Fee Waiver and/or Expense Reimbursement arrangement in place for the Fund by 0.05%. These changes went into effect as of May 1, 2025.

Carillon ClariVest Capital Appreciation Fund PAGE 2 TSR-AR-14214L205

------

**Other Material Fund Changes:**

At meetings held on February 12-13, 2026, the Board of Trustees of Carillon Series Trust approved a Plan of Reorganization and Termination pursuant to which the Carillon ClariVest Capital Appreciation Fund would be reorganized into the RJ ClariVest Capital Appreciation ETF, a newly-formed exchange-traded fund series of Carillon Series Trust, with an anticipated closing date in May 2026.

This is a summary of certain changes to the Fund since January 1, 2025. For more complete information, you may review the Fund's current prospectus, dated May 1, 2025, as supplemented which is available upon request at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon ClariVest Capital Appreciation Fund PAGE 3 TSR-AR-14214L205

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon ClariVest Capital Appreciation** **Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class I \| HRCIX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon ClariVest Capital Appreciation Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184. **This report describes changes to the Fund that occurred during the reporting period.**

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class I | $80 | 0.72% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• The market continued to be driven by the artificial intelligence theme. Growth outpaced value for the third consecutive year, though by a much smaller margin with the Russell 1000® Growth Index returning 18.55% compared to the 15.88% returned by the Russell 1000® Value Index.

• We saw broadening out in participation beyond the Magnificent Seven. Among the Magnificent Seven, only Nvidia and Alphabet outperformed the Russell 1000® Growth Index, while the remaining five lagged. The fund achieved some excess return from within the Magnificent Seven, being overweight Nvidia and Alphabet, but most excess return came from stock selection outside of the Magnificent Seven.

• From a sector perspective, the fund's sector allocation was slightly positive, led by an underweight position in consumer discretionary. The majority of excess return came from stock selection, especially within the communications services, consumer discretionary, healthcare, and information technology sectors.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | NVIDIA Corporation |
| ↑ | Broadcom Inc. |
| ↑ | Microsoft Corporation |
| ↑ | Alphabet Inc. Class A |
| ↑ | Alphabet Inc. Class C |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | Block, Inc. Class A |
| ↓ | Apple Inc. |
| ↓ | Hewlett Packard Enterprise Co. |
| ↓ | Fiserv, Inc. |
| ↓ | Salesforce, Inc. |

---

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon ClariVest Capital Appreciation Fund PAGE 1 TSR-AR-14214L304

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6279img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class I (without sales charge)**  | 23.31 | 16.93 | 16.94 |
| **S&P 500® Index**  | 17.88 | 14.42 | 14.82 |
| **Russell 1000® Growth Index**  | 18.56 | 15.32 | 18.13 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $586326932 |
| **Number of Holdings** | 63 |
| **Net Advisory Fee** | $2590348 |
| **Portfolio Turnover** | 16% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  NVIDIA Corp.  | 13.2% |
|  Apple, Inc.  | 10.4% |
|  Microsoft Corp.  | 9.9% |
|  Alphabet, Inc.  | 8.2% |
|  Broadcom, Inc.  | 5.4% |
|  Amazon.com, Inc.  | 5.2% |
|  Meta Platforms, Inc.  | 3.2% |
|  Tesla, Inc.  | 2.4% |
|  Eli Lilly & Co.  | 2.1% |
|  Visa, Inc.  | 1.9% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Information Technology  | 52.3% |
|  Communication Services  | 13.8% |
|  Consumer Discretionary  | 10.9% |
|  Health Care  | 7.5% |
|  Financials  | 6.3% |
|  Industrials  | 4.2% |
|  Consumer Staples  | 3.3% |
|  Materials  | 0.7% |
|  Real Estate  | 0.5% |
|  Cash & Other  | 0.5% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

**Changes to Shareholder Fees (fees paid directly from your investment):**

At meetings held on November 14-15, 2024, the Board of Trustees of Carillon Series Trust approved decreasing the investment advisory and subadvisory fee rate for the Carillon ClariVest Capital Appreciation Fund by 0.10%, and increasing the Fee Waiver and/or Expense Reimbursement arrangement in place for the Fund by 0.05%. These changes went into effect as of May 1, 2025.

Carillon ClariVest Capital Appreciation Fund PAGE 2 TSR-AR-14214L304

------

**Other Material Fund Changes:**

At meetings held on February 12-13, 2026, the Board of Trustees of Carillon Series Trust approved a Plan of Reorganization and Termination pursuant to which the Carillon ClariVest Capital Appreciation Fund would be reorganized into the RJ ClariVest Capital Appreciation ETF, a newly-formed exchange-traded fund series of Carillon Series Trust, with an anticipated closing date in May 2026.

This is a summary of certain changes to the Fund since January 1, 2025. For more complete information, you may review the Fund's current prospectus, dated May 1, 2025, as supplemented which is available upon request at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon ClariVest Capital Appreciation Fund PAGE 3 TSR-AR-14214L304

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon ClariVest Capital Appreciation** **Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class R-6 \| HRCUX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon ClariVest Capital Appreciation Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184. **This report describes changes to the Fund that occurred during the reporting period.**

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class R-6 | $71 | 0.64% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• The market continued to be driven by the artificial intelligence theme. Growth outpaced value for the third consecutive year, though by a much smaller margin with the Russell 1000® Growth Index returning 18.55% compared to the 15.88% returned by the Russell 1000® Value Index.

• We saw broadening out in participation beyond the Magnificent Seven. Among the Magnificent Seven, only Nvidia and Alphabet outperformed the Russell 1000® Growth Index, while the remaining five lagged. The fund achieved some excess return from within the Magnificent Seven, being overweight Nvidia and Alphabet, but most excess return came from stock selection outside of the Magnificent Seven.

• From a sector perspective, the fund's sector allocation was slightly positive, led by an underweight position in consumer discretionary. The majority of excess return came from stock selection, especially within the communications services, consumer discretionary, healthcare, and information technology sectors.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | NVIDIA Corporation |
| ↑ | Broadcom Inc. |
| ↑ | Microsoft Corporation |
| ↑ | Alphabet Inc. Class A |
| ↑ | Alphabet Inc. Class C |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | Block, Inc. Class A |
| ↓ | Apple Inc. |
| ↓ | Hewlett Packard Enterprise Co. |
| ↓ | Fiserv, Inc. |
| ↓ | Salesforce, Inc. |

---

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $1,000,000 chart reflects a hypothetical $1,000,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon ClariVest Capital Appreciation Fund PAGE 1 TSR-AR-14214L601

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $1,000,000)

![image](ts6280img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class R-6 (without sales charge)**  | 23.43 | 17.12 | 17.10 |
| **S&P 500® Index**  | 17.88 | 14.42 | 14.82 |
| **Russell 1000® Growth Index**  | 18.56 | 15.32 | 18.13 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $586326932 |
| **Number of Holdings** | 63 |
| **Net Advisory Fee** | $2590348 |
| **Portfolio Turnover** | 16% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  NVIDIA Corp.  | 13.2% |
|  Apple, Inc.  | 10.4% |
|  Microsoft Corp.  | 9.9% |
|  Alphabet, Inc.  | 8.2% |
|  Broadcom, Inc.  | 5.4% |
|  Amazon.com, Inc.  | 5.2% |
|  Meta Platforms, Inc.  | 3.2% |
|  Tesla, Inc.  | 2.4% |
|  Eli Lilly & Co.  | 2.1% |
|  Visa, Inc.  | 1.9% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Information Technology  | 52.3% |
|  Communication Services  | 13.8% |
|  Consumer Discretionary  | 10.9% |
|  Health Care  | 7.5% |
|  Financials  | 6.3% |
|  Industrials  | 4.2% |
|  Consumer Staples  | 3.3% |
|  Materials  | 0.7% |
|  Real Estate  | 0.5% |
|  Cash & Other  | 0.5% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

**Changes to Shareholder Fees (fees paid directly from your investment):**

At meetings held on November 14-15, 2024, the Board of Trustees of Carillon Series Trust approved decreasing the investment advisory and subadvisory fee rate for the Carillon ClariVest Capital Appreciation Fund by 0.10%, and increasing the Fee Waiver and/or Expense Reimbursement arrangement in place for the Fund by 0.05%. These changes went into effect as of May 1, 2025.

Carillon ClariVest Capital Appreciation Fund PAGE 2 TSR-AR-14214L601

------

**Other Material Fund Changes:**

At meetings held on February 12-13, 2026, the Board of Trustees of Carillon Series Trust approved a Plan of Reorganization and Termination pursuant to which the Carillon ClariVest Capital Appreciation Fund would be reorganized into the RJ ClariVest Capital Appreciation ETF, a newly-formed exchange-traded fund series of Carillon Series Trust, with an anticipated closing date in May 2026.

This is a summary of certain changes to the Fund since January 1, 2025. For more complete information, you may review the Fund's current prospectus, dated May 1, 2025, as supplemented which is available upon request at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon ClariVest Capital Appreciation Fund PAGE 3 TSR-AR-14214L601

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon ClariVest International Stock Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class A \| EISAX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon ClariVest International Stock Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class A | $149 | 1.25% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• International stocks delivered strong returns for the 12-month period ending December 31, 2025, with the MSCI ACWI ex-US Index rising 32.39%. Contributing factors include a rotation toward the more attractive valuations outside the United States, robust corporate earnings, supportive monetary and fiscal policies, a continuation of the artificial intelligence boom, and a weak U.S. dollar.

• From a country perspective, stock selection in the United Kingdom and France and an underweight to India contributed the most to the fund's performance versus its benchmark.

• On the other hand, stock selection in China and Taiwan and an underweight to South Africa detracted the most from the fund's relative performance.

• From a sector perspective, stock selection in financials and materials contributed the most to the fund's performance relative to its benchmark.

• Conversely, stock selection in communication services detracted the most from the fund's relative performance.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | SK hynix Inc. |
| ↑ | Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR |
| ↑ | Societe Generale S.A. Class A |
| ↑ | Banco Santander, S.A. |
| ↑ | Kinross Gold Corporation |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | Compal Electronics, Inc. |
| ↓ | Meituan Class B |
| ↓ | Olympus Corp. |
| ↓ | Air Canada |
| ↓ | Novo Nordisk A/S Class B |

---

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon ClariVest International Stock Fund PAGE 1 TSR-AR-14214L825

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6281img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class A (without sales charge)**  | 38.89 | 14.47 | 9.20 |
| **Class A (with sales charge)**  | 32.29 | 13.36 | 8.67 |
| **MSCI ACWI ex-US Index**  | 32.39 | 7.91 | 8.41 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $897377605 |
| **Number of Holdings** | 151 |
| **Net Advisory Fee** | $4636962 |
| **Portfolio Turnover** | 15% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Taiwan Semiconductor Manufacturing Co. Ltd.  | 3.8% |
|  SK Hynix, Inc.  | 2.4% |
|  Samsung Electronics Co. Ltd.  | 1.5% |
|  Barclays PLC  | 1.4% |
|  Sumitomo Electric Industries Ltd.  | 1.4% |
|  Tencent Holdings Ltd.  | 1.4% |
|  Novartis AG  | 1.3% |
|  HSBC Holdings PLC  | 1.2% |
|  Alibaba Group Holding Ltd.  | 1.2% |
|  NN Group N.V.  | 1.2% |

---

---

| | |
|:---|:---|
| **Top 10 Countries** | **(%)** |
|  Japan  | 18.0% |
|  United Kingdom  | 12.7% |
|  Canada  | 8.2% |
|  Taiwan  | 8.1% |
|  Germany  | 7.2% |
|  France  | 6.3% |
|  South Korea  | 6.2% |
|  China  | 5.0% |
|  Switzerland  | 4.3% |
|  Spain  | 3.7% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Financials  | 23.8% |
|  Information Technology  | 17.7% |
|  Industrials  | 12.7% |
|  Health Care  | 9.8% |
|  Consumer Discretionary  | 8.1% |
|  Materials  | 6.2% |
|  Consumer Staples  | 5.6% |
|  Communication Services  | 4.5% |
|  Utilities  | 4.4% |
|  Cash & Other  | 7.2% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon ClariVest International Stock Fund PAGE 2 TSR-AR-14214L825

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon ClariVest International Stock Fund PAGE 3 TSR-AR-14214L825

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon ClariVest International Stock Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class C \| EISDX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon ClariVest International Stock Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class C | $232 | 1.95% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• International stocks delivered strong returns for the 12-month period ending December 31, 2025, with the MSCI ACWI ex-US Index rising 32.39%. Contributing factors include a rotation toward the more attractive valuations outside the United States, robust corporate earnings, supportive monetary and fiscal policies, a continuation of the artificial intelligence boom, and a weak U.S. dollar.

• From a country perspective, stock selection in the United Kingdom and France and an underweight to India contributed the most to the fund's performance versus its benchmark.

• On the other hand, stock selection in China and Taiwan and an underweight to South Africa detracted the most from the fund's relative performance.

• From a sector perspective, stock selection in financials and materials contributed the most to the fund's performance relative to its benchmark.

• Conversely, stock selection in communication services detracted the most from the fund's relative performance.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | SK hynix Inc. |
| ↑ | Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR |
| ↑ | Societe Generale S.A. Class A |
| ↑ | Banco Santander, S.A. |
| ↑ | Kinross Gold Corporation |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | Compal Electronics, Inc. |
| ↓ | Meituan Class B |
| ↓ | Olympus Corp. |
| ↓ | Air Canada |
| ↓ | Novo Nordisk A/S Class B |

---

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon ClariVest International Stock Fund PAGE 1 TSR-AR-14214L817

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6282img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class C (without sales charge)**  | 37.94 | 13.63 | 8.39 |
| **Class C (with sales charge)**  | 37.94 | 13.63 | 8.39 |
| **MSCI ACWI ex-US Index**  | 32.39 | 7.91 | 8.41 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $897377605 |
| **Number of Holdings** | 151 |
| **Net Advisory Fee** | $4636962 |
| **Portfolio Turnover** | 15% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Taiwan Semiconductor Manufacturing Co. Ltd.  | 3.8% |
|  SK Hynix, Inc.  | 2.4% |
|  Samsung Electronics Co. Ltd.  | 1.5% |
|  Barclays PLC  | 1.4% |
|  Sumitomo Electric Industries Ltd.  | 1.4% |
|  Tencent Holdings Ltd.  | 1.4% |
|  Novartis AG  | 1.3% |
|  HSBC Holdings PLC  | 1.2% |
|  Alibaba Group Holding Ltd.  | 1.2% |
|  NN Group N.V.  | 1.2% |

---

---

| | |
|:---|:---|
| **Top 10 Countries** | **(%)** |
|  Japan  | 18.0% |
|  United Kingdom  | 12.7% |
|  Canada  | 8.2% |
|  Taiwan  | 8.1% |
|  Germany  | 7.2% |
|  France  | 6.3% |
|  South Korea  | 6.2% |
|  China  | 5.0% |
|  Switzerland  | 4.3% |
|  Spain  | 3.7% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Financials  | 23.8% |
|  Information Technology  | 17.7% |
|  Industrials  | 12.7% |
|  Health Care  | 9.8% |
|  Consumer Discretionary  | 8.1% |
|  Materials  | 6.2% |
|  Consumer Staples  | 5.6% |
|  Communication Services  | 4.5% |
|  Utilities  | 4.4% |
|  Cash & Other  | 7.2% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon ClariVest International Stock Fund PAGE 2 TSR-AR-14214L817

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon ClariVest International Stock Fund PAGE 3 TSR-AR-14214L817

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon ClariVest International Stock Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class I \| EISIX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon ClariVest International Stock Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class I | $114 | 0.95% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• International stocks delivered strong returns for the 12-month period ending December 31, 2025, with the MSCI ACWI ex-US Index rising 32.39%. Contributing factors include a rotation toward the more attractive valuations outside the United States, robust corporate earnings, supportive monetary and fiscal policies, a continuation of the artificial intelligence boom, and a weak U.S. dollar.

• From a country perspective, stock selection in the United Kingdom and France and an underweight to India contributed the most to the fund's performance versus its benchmark.

• On the other hand, stock selection in China and Taiwan and an underweight to South Africa detracted the most from the fund's relative performance.

• From a sector perspective, stock selection in financials and materials contributed the most to the fund's performance relative to its benchmark.

• Conversely, stock selection in communication services detracted the most from the fund's relative performance.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | SK hynix Inc. |
| ↑ | Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR |
| ↑ | Societe Generale S.A. Class A |
| ↑ | Banco Santander, S.A. |
| ↑ | Kinross Gold Corporation |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | Compal Electronics, Inc. |
| ↓ | Meituan Class B |
| ↓ | Olympus Corp. |
| ↓ | Air Canada |
| ↓ | Novo Nordisk A/S Class B |

---

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon ClariVest International Stock Fund PAGE 1 TSR-AR-14214L791

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6283img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class I (without sales charge)**  | 39.30 | 14.81 | 9.56 |
| **MSCI ACWI ex-US Index**  | 32.39 | 7.91 | 8.41 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $897377605 |
| **Number of Holdings** | 151 |
| **Net Advisory Fee** | $4636962 |
| **Portfolio Turnover** | 15% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Taiwan Semiconductor Manufacturing Co. Ltd.  | 3.8% |
|  SK Hynix, Inc.  | 2.4% |
|  Samsung Electronics Co. Ltd.  | 1.5% |
|  Barclays PLC  | 1.4% |
|  Sumitomo Electric Industries Ltd.  | 1.4% |
|  Tencent Holdings Ltd.  | 1.4% |
|  Novartis AG  | 1.3% |
|  HSBC Holdings PLC  | 1.2% |
|  Alibaba Group Holding Ltd.  | 1.2% |
|  NN Group N.V.  | 1.2% |

---

---

| | |
|:---|:---|
| **Top 10 Countries** | **(%)** |
|  Japan  | 18.0% |
|  United Kingdom  | 12.7% |
|  Canada  | 8.2% |
|  Taiwan  | 8.1% |
|  Germany  | 7.2% |
|  France  | 6.3% |
|  South Korea  | 6.2% |
|  China  | 5.0% |
|  Switzerland  | 4.3% |
|  Spain  | 3.7% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Financials  | 23.8% |
|  Information Technology  | 17.7% |
|  Industrials  | 12.7% |
|  Health Care  | 9.8% |
|  Consumer Discretionary  | 8.1% |
|  Materials  | 6.2% |
|  Consumer Staples  | 5.6% |
|  Communication Services  | 4.5% |
|  Utilities  | 4.4% |
|  Cash & Other  | 7.2% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon ClariVest International Stock Fund PAGE 2 TSR-AR-14214L791

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon ClariVest International Stock Fund PAGE 3 TSR-AR-14214L791

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon ClariVest International Stock Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class R-6 \| EISVX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon ClariVest International Stock Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class R-6 | $102 | 0.85% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• International stocks delivered strong returns for the 12-month period ending December 31, 2025, with the MSCI ACWI ex-US Index rising 32.39%. Contributing factors include a rotation toward the more attractive valuations outside the United States, robust corporate earnings, supportive monetary and fiscal policies, a continuation of the artificial intelligence boom, and a weak U.S. dollar.

• From a country perspective, stock selection in the United Kingdom and France and an underweight to India contributed the most to the fund's performance versus its benchmark.

• On the other hand, stock selection in China and Taiwan and an underweight to South Africa detracted the most from the fund's relative performance.

• From a sector perspective, stock selection in financials and materials contributed the most to the fund's performance relative to its benchmark.

• Conversely, stock selection in communication services detracted the most from the fund's relative performance.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | SK hynix Inc. |
| ↑ | Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR |
| ↑ | Societe Generale S.A. Class A |
| ↑ | Banco Santander, S.A. |
| ↑ | Kinross Gold Corporation |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | Compal Electronics, Inc. |
| ↓ | Meituan Class B |
| ↓ | Olympus Corp. |
| ↓ | Air Canada |
| ↓ | Novo Nordisk A/S Class B |

---

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $1,000,000 chart reflects a hypothetical $1,000,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon ClariVest International Stock Fund PAGE 1 TSR-AR-14214L767

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $1,000,000)

![image](ts6284img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class R-6 (without sales charge)**  | 39.45 | 14.86 | 9.64 |
| **MSCI ACWI ex-US Index**  | 32.39 | 7.91 | 8.41 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $897377605 |
| **Number of Holdings** | 151 |
| **Net Advisory Fee** | $4636962 |
| **Portfolio Turnover** | 15% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Taiwan Semiconductor Manufacturing Co. Ltd.  | 3.8% |
|  SK Hynix, Inc.  | 2.4% |
|  Samsung Electronics Co. Ltd.  | 1.5% |
|  Barclays PLC  | 1.4% |
|  Sumitomo Electric Industries Ltd.  | 1.4% |
|  Tencent Holdings Ltd.  | 1.4% |
|  Novartis AG  | 1.3% |
|  HSBC Holdings PLC  | 1.2% |
|  Alibaba Group Holding Ltd.  | 1.2% |
|  NN Group N.V.  | 1.2% |

---

---

| | |
|:---|:---|
| **Top 10 Countries** | **(%)** |
|  Japan  | 18.0% |
|  United Kingdom  | 12.7% |
|  Canada  | 8.2% |
|  Taiwan  | 8.1% |
|  Germany  | 7.2% |
|  France  | 6.3% |
|  South Korea  | 6.2% |
|  China  | 5.0% |
|  Switzerland  | 4.3% |
|  Spain  | 3.7% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Financials  | 23.8% |
|  Information Technology  | 17.7% |
|  Industrials  | 12.7% |
|  Health Care  | 9.8% |
|  Consumer Discretionary  | 8.1% |
|  Materials  | 6.2% |
|  Consumer Staples  | 5.6% |
|  Communication Services  | 4.5% |
|  Utilities  | 4.4% |
|  Cash & Other  | 7.2% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon ClariVest International Stock Fund PAGE 2 TSR-AR-14214L767

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon ClariVest International Stock Fund PAGE 3 TSR-AR-14214L767

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Eagle Growth & Income Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class A \| HRCVX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Eagle Growth & Income Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class A | $103 | 0.97% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• In 2025, equities once again yielded strong results, fueled by excitement around artificial intelligence and the resumption of U.S. Federal Reserve (Fed) interest rate cuts, as well as by a more pragmatic tone from the Trump administration on trade negotiations. The broad market, represented by the S&P® 500 Index, generated an impressive 17.9% increase, ending the year just shy of a third straight 20%+ annual gain.

• In contrast, dividend growth stocks, identified by above median-paying stocks within the S&P 500® Index, underperformed the broader Index, achieving only a 13.8% return. Our strategy performed more in line with this subset of the S&P® 500 Index, which forms our primary investment universe.

• Stock selection in the financials and information technology sectors contributed positively to overall performance, while selection in communication services, consumer staples and healthcare detracted from returns.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | LAM RESEARCH CORP |
| ↑ | JPMORGAN CHASE & CO |
| ↑ | BROADCOM INC |
| ↑ | GOLDMAN SACHS GROUP INC |
| ↑ | ORACLE CORP |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | ACCENTURE PLC-CL A |
| ↓ | EQUINIX INC |
| ↓ | BEST BUY CO INC |
| ↓ | PROCTER & GAMBLE CO/THE |
| ↓ | UNITEDHEALTH GROUP INC |

---

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Eagle Growth & Income Fund PAGE 1 TSR-AR-14214L809

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6286img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class A (without sales charge)**  | 12.69 | 10.30 | 10.96 |
| **Class A (with sales charge)**  | 7.36 | 9.23 | 10.42 |
| **S&P 500® Index**  | 17.88 | 14.42 | 14.82 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $491772139 |
| **Number of Holdings** | 47 |
| **Net Advisory Fee** | $2501450 |
| **Portfolio Turnover** | 47% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Microsoft Corp.  | 5.8% |
|  JPMorgan Chase & Co.  | 4.9% |
|  Broadcom, Inc.  | 3.5% |
|  The Goldman Sachs Group, Inc.  | 3.4% |
|  RTX Corp.  | 3.3% |
|  The PNC Financial Services Group, Inc.  | 3.2% |
|  The Procter & Gamble Co.  | 3.0% |
|  Duke Energy Corp.  | 2.8% |
|  McDonald's Corp.  | 2.7% |
|  The Coca-Cola Co.  | 2.7% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Information Technology  | 23.3% |
|  Financials  | 18.2% |
|  Health Care  | 13.4% |
|  Industrials  | 11.5% |
|  Consumer Discretionary  | 10.8% |
|  Consumer Staples  | 7.2% |
|  Energy  | 5.1% |
|  Utilities  | 4.3% |
|  Communication Services  | 3.9% |
|  Cash & Other  | 2.3% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Eagle Growth & Income Fund PAGE 2 TSR-AR-14214L809

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Eagle Growth & Income Fund PAGE 3 TSR-AR-14214L809

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Eagle Growth & Income Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class C \| HIGCX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Eagle Growth & Income Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class C | $181 | 1.71% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• In 2025, equities once again yielded strong results, fueled by excitement around artificial intelligence and the resumption of U.S. Federal Reserve (Fed) interest rate cuts, as well as by a more pragmatic tone from the Trump administration on trade negotiations. The broad market, represented by the S&P® 500 Index, generated an impressive 17.9% increase, ending the year just shy of a third straight 20%+ annual gain.

• In contrast, dividend growth stocks, identified by above median-paying stocks within the S&P 500® Index, underperformed the broader Index, achieving only a 13.8% return. Our strategy performed more in line with this subset of the S&P® 500 Index, which forms our primary investment universe.

• Stock selection in the financials and information technology sectors contributed positively to overall performance, while selection in communication services, consumer staples and healthcare detracted from returns.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | LAM RESEARCH CORP |
| ↑ | JPMORGAN CHASE & CO |
| ↑ | BROADCOM INC |
| ↑ | GOLDMAN SACHS GROUP INC |
| ↑ | ORACLE CORP |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | ACCENTURE PLC-CL A |
| ↓ | EQUINIX INC |
| ↓ | BEST BUY CO INC |
| ↓ | PROCTER & GAMBLE CO/THE |
| ↓ | UNITEDHEALTH GROUP INC |

---

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Eagle Growth & Income Fund PAGE 1 TSR-AR-14214L882

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6285img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class C (without sales charge)**  | 11.87 | 9.49 | 10.14 |
| **Class C (with sales charge)**  | 11.87 | 9.49 | 10.14 |
| **S&P 500® Index**  | 17.88 | 14.42 | 14.82 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $491772139 |
| **Number of Holdings** | 47 |
| **Net Advisory Fee** | $2501450 |
| **Portfolio Turnover** | 47% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Microsoft Corp.  | 5.8% |
|  JPMorgan Chase & Co.  | 4.9% |
|  Broadcom, Inc.  | 3.5% |
|  The Goldman Sachs Group, Inc.  | 3.4% |
|  RTX Corp.  | 3.3% |
|  The PNC Financial Services Group, Inc.  | 3.2% |
|  The Procter & Gamble Co.  | 3.0% |
|  Duke Energy Corp.  | 2.8% |
|  McDonald's Corp.  | 2.7% |
|  The Coca-Cola Co.  | 2.7% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Information Technology  | 23.3% |
|  Financials  | 18.2% |
|  Health Care  | 13.4% |
|  Industrials  | 11.5% |
|  Consumer Discretionary  | 10.8% |
|  Consumer Staples  | 7.2% |
|  Energy  | 5.1% |
|  Utilities  | 4.3% |
|  Communication Services  | 3.9% |
|  Cash & Other  | 2.3% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Eagle Growth & Income Fund PAGE 2 TSR-AR-14214L882

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Eagle Growth & Income Fund PAGE 3 TSR-AR-14214L882

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Eagle Growth & Income Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class I \| HIGJX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Eagle Growth & Income Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class I | $77 | 0.72% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• In 2025, equities once again yielded strong results, fueled by excitement around artificial intelligence and the resumption of U.S. Federal Reserve (Fed) interest rate cuts, as well as by a more pragmatic tone from the Trump administration on trade negotiations. The broad market, represented by the S&P® 500 Index, generated an impressive 17.9% increase, ending the year just shy of a third straight 20%+ annual gain.

• In contrast, dividend growth stocks, identified by above median-paying stocks within the S&P 500® Index, underperformed the broader Index, achieving only a 13.8% return. Our strategy performed more in line with this subset of the S&P® 500 Index, which forms our primary investment universe.

• Stock selection in the financials and information technology sectors contributed positively to overall performance, while selection in communication services, consumer staples and healthcare detracted from returns.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | LAM RESEARCH CORP |
| ↑ | JPMORGAN CHASE & CO |
| ↑ | BROADCOM INC |
| ↑ | GOLDMAN SACHS GROUP INC |
| ↑ | ORACLE CORP |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | ACCENTURE PLC-CL A |
| ↓ | EQUINIX INC |
| ↓ | BEST BUY CO INC |
| ↓ | PROCTER & GAMBLE CO/THE |
| ↓ | UNITEDHEALTH GROUP INC |

---

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Eagle Growth & Income Fund PAGE 1 TSR-AR-14214L874

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6287img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class I (without sales charge)**  | 13.04 | 10.59 | 11.26 |
| **S&P 500® Index**  | 17.88 | 14.42 | 14.82 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $491772139 |
| **Number of Holdings** | 47 |
| **Net Advisory Fee** | $2501450 |
| **Portfolio Turnover** | 47% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Microsoft Corp.  | 5.8% |
|  JPMorgan Chase & Co.  | 4.9% |
|  Broadcom, Inc.  | 3.5% |
|  The Goldman Sachs Group, Inc.  | 3.4% |
|  RTX Corp.  | 3.3% |
|  The PNC Financial Services Group, Inc.  | 3.2% |
|  The Procter & Gamble Co.  | 3.0% |
|  Duke Energy Corp.  | 2.8% |
|  McDonald's Corp.  | 2.7% |
|  The Coca-Cola Co.  | 2.7% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Information Technology  | 23.3% |
|  Financials  | 18.2% |
|  Health Care  | 13.4% |
|  Industrials  | 11.5% |
|  Consumer Discretionary  | 10.8% |
|  Consumer Staples  | 7.2% |
|  Energy  | 5.1% |
|  Utilities  | 4.3% |
|  Communication Services  | 3.9% |
|  Cash & Other  | 2.3% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Eagle Growth & Income Fund PAGE 2 TSR-AR-14214L874

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Eagle Growth & Income Fund PAGE 3 TSR-AR-14214L874

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Eagle Growth & Income Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class R-6 \| HIGUX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Eagle Growth & Income Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class R-6 | $68 | 0.64% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• In 2025, equities once again yielded strong results, fueled by excitement around artificial intelligence and the resumption of U.S. Federal Reserve (Fed) interest rate cuts, as well as by a more pragmatic tone from the Trump administration on trade negotiations. The broad market, represented by the S&P® 500 Index, generated an impressive 17.9% increase, ending the year just shy of a third straight 20%+ annual gain.

• In contrast, dividend growth stocks, identified by above median-paying stocks within the S&P 500® Index, underperformed the broader Index, achieving only a 13.8% return. Our strategy performed more in line with this subset of the S&P® 500 Index, which forms our primary investment universe.

• Stock selection in the financials and information technology sectors contributed positively to overall performance, while selection in communication services, consumer staples and healthcare detracted from returns.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | LAM RESEARCH CORP |
| ↑ | JPMORGAN CHASE & CO |
| ↑ | BROADCOM INC |
| ↑ | GOLDMAN SACHS GROUP INC |
| ↑ | ORACLE CORP |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | ACCENTURE PLC-CL A |
| ↓ | EQUINIX INC |
| ↓ | BEST BUY CO INC |
| ↓ | PROCTER & GAMBLE CO/THE |
| ↓ | UNITEDHEALTH GROUP INC |

---

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $1,000,000 chart reflects a hypothetical $1,000,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Eagle Growth & Income Fund PAGE 1 TSR-AR-14214L841

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $1,000,000)

![image](ts6288img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class R-6 (without sales charge)**  | 13.12 | 10.68 | 11.32 |
| **S&P 500® Index**  | 17.88 | 14.42 | 14.82 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $491772139 |
| **Number of Holdings** | 47 |
| **Net Advisory Fee** | $2501450 |
| **Portfolio Turnover** | 47% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Microsoft Corp.  | 5.8% |
|  JPMorgan Chase & Co.  | 4.9% |
|  Broadcom, Inc.  | 3.5% |
|  The Goldman Sachs Group, Inc.  | 3.4% |
|  RTX Corp.  | 3.3% |
|  The PNC Financial Services Group, Inc.  | 3.2% |
|  The Procter & Gamble Co.  | 3.0% |
|  Duke Energy Corp.  | 2.8% |
|  McDonald's Corp.  | 2.7% |
|  The Coca-Cola Co.  | 2.7% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Information Technology  | 23.3% |
|  Financials  | 18.2% |
|  Health Care  | 13.4% |
|  Industrials  | 11.5% |
|  Consumer Discretionary  | 10.8% |
|  Consumer Staples  | 7.2% |
|  Energy  | 5.1% |
|  Utilities  | 4.3% |
|  Communication Services  | 3.9% |
|  Cash & Other  | 2.3% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Eagle Growth & Income Fund PAGE 2 TSR-AR-14214L841

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Eagle Growth & Income Fund PAGE 3 TSR-AR-14214L841

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Eagle Mid Cap Growth Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class A \| HAGAX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Eagle Mid Cap Growth Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class A | $107 | 1.05% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• The year was defined by bifurcation, where the largest-cap companies worked very well as the AI trade set in and lower-quality smaller speculative names were able to do extremely well against a backdrop of expected rate cuts. Increased concentration in the index narrowed the pool of performance-driving names with less than ideal fundamental characteristics. As such, quality (as a factor) and mid cap growth (as a size sector) did not keep up. It's important to note that the Mid Cap Growth Fund is generally positioned to be factor- and sector-neutral, relying on disciplined stock selection to capture growth across the broader investable universe.

• Financials, communication services, and information technology stocks finished 2025 with the highest levels of negative attribution. Healthcare stocks also underperformed their index peers to a notable degree. Underperformance in the utilities sector was offset by an underweight posture. Real estate and consumer discretionary stocks helped alleviate some underperformance elsewhere in the portfolio. An overweight allocation to materials helped contribute meaningful gains, and stock selection in energy kept the portfolio from experiencing the same level of losses as other index constituents. The strongest contributions came from consumer staples, where selection avoided the negative returns produced by index peers, and from industrials, which delivered the largest gains.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | PALANTIR TECHNOLOGIES INC-A |
| ↑ | CENCORA INC |
| ↑ | CARVANA CO |
| ↑ | CLOUDFLARE INC - CLASS A |
| ↑ | MONOLITHIC POWER SYSTEMS INC |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | FRESHPET INC |
| ↓ | HUBSPOT INC |
| ↓ | DECKERS OUTDOOR CORP |
| ↓ | ROBLOX CORP - CLASS A |
| ↓ | TRADE DESK INC/THE - CLASS A |

---

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Eagle Mid Cap Growth Fund PAGE 1 TSR-AR-14214L668

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6289img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class A (without sales charge)**  | 4.50 | 3.09 | 11.00 |
| **Class A (with sales charge)**  | -0.46 | 2.09 | 10.46 |
| **Russell 3000® Index**  | 17.15 | 13.15 | 14.29 |
| **Russell Midcap® Growth Index**  | 8.66 | 6.65 | 12.49 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $5258632710 |
| **Number of Holdings** | 83 |
| **Net Advisory Fee** | $29733720 |
| **Portfolio Turnover** | 41% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Cencora, Inc.  | 2.9% |
|  Royal Caribbean Cruises Ltd.  | 2.9% |
|  Ares Management Corp.  | 2.7% |
|  Vertiv Holdings Co.  | 2.4% |
|  RB Global, Inc.  | 2.5% |
|  Hilton Worldwide Holdings, Inc.  | 2.4% |
|  Carvana Co.  | 2.4% |
|  LPL Financial Holdings, Inc.  | 2.1% |
|  Axon Enterprise, Inc.  | 2.0% |
|  Alnylam Pharmaceuticals, Inc.  | 2.0% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Industrials  | 21.5% |
|  Information Technology  | 19.6% |
|  Consumer Discretionary  | 18.0% |
|  Health Care  | 15.4% |
|  Financials  | 10.5% |
|  Communication Services  | 5.1% |
|  Consumer Staples  | 2.9% |
|  Energy  | 2.5% |
|  Materials  | 1.6% |
|  Cash & Other  | 2.9% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Eagle Mid Cap Growth Fund PAGE 2 TSR-AR-14214L668

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Eagle Mid Cap Growth Fund PAGE 3 TSR-AR-14214L668

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Eagle Mid Cap Growth Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class C \| HAGCX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Eagle Mid Cap Growth Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class C | $178 | 1.75% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• The year was defined by bifurcation, where the largest-cap companies worked very well as the AI trade set in and lower-quality smaller speculative names were able to do extremely well against a backdrop of expected rate cuts. Increased concentration in the index narrowed the pool of performance-driving names with less than ideal fundamental characteristics. As such, quality (as a factor) and mid cap growth (as a size sector) did not keep up. It's important to note that the Mid Cap Growth Fund is generally positioned to be factor- and sector-neutral, relying on disciplined stock selection to capture growth across the broader investable universe.

• Financials, communication services, and information technology stocks finished 2025 with the highest levels of negative attribution. Healthcare stocks also underperformed their index peers to a notable degree. Underperformance in the utilities sector was offset by an underweight posture. Real estate and consumer discretionary stocks helped alleviate some underperformance elsewhere in the portfolio. An overweight allocation to materials helped contribute meaningful gains, and stock selection in energy kept the portfolio from experiencing the same level of losses as other index constituents. The strongest contributions came from consumer staples, where selection avoided the negative returns produced by index peers, and from industrials, which delivered the largest gains.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | PALANTIR TECHNOLOGIES INC-A |
| ↑ | CENCORA INC |
| ↑ | CARVANA CO |
| ↑ | CLOUDFLARE INC - CLASS A |
| ↑ | MONOLITHIC POWER SYSTEMS INC |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | FRESHPET INC |
| ↓ | HUBSPOT INC |
| ↓ | DECKERS OUTDOOR CORP |
| ↓ | ROBLOX CORP - CLASS A |
| ↓ | TRADE DESK INC/THE - CLASS A |

---

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Eagle Mid Cap Growth Fund PAGE 1 TSR-AR-14214L650

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6290img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class C (without sales charge)**  | 3.78 | 2.38 | 10.24 |
| **Class C (with sales charge)**  | 3.78 | 2.38 | 10.24 |
| **Russell 3000® Index**  | 17.15 | 13.15 | 14.29 |
| **Russell Midcap® Growth Index**  | 8.66 | 6.65 | 12.49 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $5258632710 |
| **Number of Holdings** | 83 |
| **Net Advisory Fee** | $29733720 |
| **Portfolio Turnover** | 41% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Cencora, Inc.  | 2.9% |
|  Royal Caribbean Cruises Ltd.  | 2.9% |
|  Ares Management Corp.  | 2.7% |
|  Vertiv Holdings Co.  | 2.4% |
|  RB Global, Inc.  | 2.5% |
|  Hilton Worldwide Holdings, Inc.  | 2.4% |
|  Carvana Co.  | 2.4% |
|  LPL Financial Holdings, Inc.  | 2.1% |
|  Axon Enterprise, Inc.  | 2.0% |
|  Alnylam Pharmaceuticals, Inc.  | 2.0% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Industrials  | 21.5% |
|  Information Technology  | 19.6% |
|  Consumer Discretionary  | 18.0% |
|  Health Care  | 15.4% |
|  Financials  | 10.5% |
|  Communication Services  | 5.1% |
|  Consumer Staples  | 2.9% |
|  Energy  | 2.5% |
|  Materials  | 1.6% |
|  Cash & Other  | 2.9% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Eagle Mid Cap Growth Fund PAGE 2 TSR-AR-14214L650

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Eagle Mid Cap Growth Fund PAGE 3 TSR-AR-14214L650

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Eagle Mid Cap Growth Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class I \| HAGIX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Eagle Mid Cap Growth Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class I | $77 | 0.75% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• The year was defined by bifurcation, where the largest-cap companies worked very well as the AI trade set in and lower-quality smaller speculative names were able to do extremely well against a backdrop of expected rate cuts. Increased concentration in the index narrowed the pool of performance-driving names with less than ideal fundamental characteristics. As such, quality (as a factor) and mid cap growth (as a size sector) did not keep up. It's important to note that the Mid Cap Growth Fund is generally positioned to be factor- and sector-neutral, relying on disciplined stock selection to capture growth across the broader investable universe.

• Financials, communication services, and information technology stocks finished 2025 with the highest levels of negative attribution. Healthcare stocks also underperformed their index peers to a notable degree. Underperformance in the utilities sector was offset by an underweight posture. Real estate and consumer discretionary stocks helped alleviate some underperformance elsewhere in the portfolio. An overweight allocation to materials helped contribute meaningful gains, and stock selection in energy kept the portfolio from experiencing the same level of losses as other index constituents. The strongest contributions came from consumer staples, where selection avoided the negative returns produced by index peers, and from industrials, which delivered the largest gains.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | PALANTIR TECHNOLOGIES INC-A |
| ↑ | CENCORA INC |
| ↑ | CARVANA CO |
| ↑ | CLOUDFLARE INC - CLASS A |
| ↑ | MONOLITHIC POWER SYSTEMS INC |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | FRESHPET INC |
| ↓ | HUBSPOT INC |
| ↓ | DECKERS OUTDOOR CORP |
| ↓ | ROBLOX CORP - CLASS A |
| ↓ | TRADE DESK INC/THE - CLASS A |

---

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Eagle Mid Cap Growth Fund PAGE 1 TSR-AR-14214L643

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6291img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class I (without sales charge)**  | 4.82 | 3.41 | 11.36 |
| **Russell 3000® Index**  | 17.15 | 13.15 | 14.29 |
| **Russell Midcap® Growth Index**  | 8.66 | 6.65 | 12.49 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $5258632710 |
| **Number of Holdings** | 83 |
| **Net Advisory Fee** | $29733720 |
| **Portfolio Turnover** | 41% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Cencora, Inc.  | 2.9% |
|  Royal Caribbean Cruises Ltd.  | 2.9% |
|  Ares Management Corp.  | 2.7% |
|  Vertiv Holdings Co.  | 2.4% |
|  RB Global, Inc.  | 2.5% |
|  Hilton Worldwide Holdings, Inc.  | 2.4% |
|  Carvana Co.  | 2.4% |
|  LPL Financial Holdings, Inc.  | 2.1% |
|  Axon Enterprise, Inc.  | 2.0% |
|  Alnylam Pharmaceuticals, Inc.  | 2.0% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Industrials  | 21.5% |
|  Information Technology  | 19.6% |
|  Consumer Discretionary  | 18.0% |
|  Health Care  | 15.4% |
|  Financials  | 10.5% |
|  Communication Services  | 5.1% |
|  Consumer Staples  | 2.9% |
|  Energy  | 2.5% |
|  Materials  | 1.6% |
|  Cash & Other  | 2.9% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Eagle Mid Cap Growth Fund PAGE 2 TSR-AR-14214L643

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Eagle Mid Cap Growth Fund PAGE 3 TSR-AR-14214L643

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Eagle Mid Cap Growth Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class R-6 \| HRAUX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Eagle Mid Cap Growth Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class R-6 | $68 | 0.66% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• The year was defined by bifurcation, where the largest-cap companies worked very well as the AI trade set in and lower-quality smaller speculative names were able to do extremely well against a backdrop of expected rate cuts. Increased concentration in the index narrowed the pool of performance-driving names with less than ideal fundamental characteristics. As such, quality (as a factor) and mid cap growth (as a size sector) did not keep up. It's important to note that the Mid Cap Growth Fund is generally positioned to be factor- and sector-neutral, relying on disciplined stock selection to capture growth across the broader investable universe.

• Financials, communication services, and information technology stocks finished 2025 with the highest levels of negative attribution. Healthcare stocks also underperformed their index peers to a notable degree. Underperformance in the utilities sector was offset by an underweight posture. Real estate and consumer discretionary stocks helped alleviate some underperformance elsewhere in the portfolio. An overweight allocation to materials helped contribute meaningful gains, and stock selection in energy kept the portfolio from experiencing the same level of losses as other index constituents. The strongest contributions came from consumer staples, where selection avoided the negative returns produced by index peers, and from industrials, which delivered the largest gains.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | PALANTIR TECHNOLOGIES INC-A |
| ↑ | CENCORA INC |
| ↑ | CARVANA CO |
| ↑ | CLOUDFLARE INC - CLASS A |
| ↑ | MONOLITHIC POWER SYSTEMS INC |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | FRESHPET INC |
| ↓ | HUBSPOT INC |
| ↓ | DECKERS OUTDOOR CORP |
| ↓ | ROBLOX CORP - CLASS A |
| ↓ | TRADE DESK INC/THE - CLASS A |

---

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $1,000,000 chart reflects a hypothetical $1,000,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Eagle Mid Cap Growth Fund PAGE 1 TSR-AR-14214L619

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $1,000,000)

![image](ts6292img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class R-6 (without sales charge)**  | 4.92 | 3.50 | 11.45 |
| **Russell 3000® Index**  | 17.15 | 13.15 | 14.29 |
| **Russell Midcap® Growth Index**  | 8.66 | 6.65 | 12.49 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $5258632710 |
| **Number of Holdings** | 83 |
| **Net Advisory Fee** | $29733720 |
| **Portfolio Turnover** | 41% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Cencora, Inc.  | 2.9% |
|  Royal Caribbean Cruises Ltd.  | 2.9% |
|  Ares Management Corp.  | 2.7% |
|  Vertiv Holdings Co.  | 2.4% |
|  RB Global, Inc.  | 2.5% |
|  Hilton Worldwide Holdings, Inc.  | 2.4% |
|  Carvana Co.  | 2.4% |
|  LPL Financial Holdings, Inc.  | 2.1% |
|  Axon Enterprise, Inc.  | 2.0% |
|  Alnylam Pharmaceuticals, Inc.  | 2.0% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Industrials  | 21.5% |
|  Information Technology  | 19.6% |
|  Consumer Discretionary  | 18.0% |
|  Health Care  | 15.4% |
|  Financials  | 10.5% |
|  Communication Services  | 5.1% |
|  Consumer Staples  | 2.9% |
|  Energy  | 2.5% |
|  Materials  | 1.6% |
|  Cash & Other  | 2.9% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Eagle Mid Cap Growth Fund PAGE 2 TSR-AR-14214L619

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Eagle Mid Cap Growth Fund PAGE 3 TSR-AR-14214L619

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Eagle Small Cap Growth Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class A \| HRSCX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Eagle Small Cap Growth Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class A | $125 | 1.18% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• The portfolio's bias toward quality and larger small-cap companies with stronger fundamentals limited potential gains. Speculative activity fueled by optimism around a shift toward a more supportive business environment along with rapidly advancing technologies drove valuations of lower-quality stocks beyond their fundamental inputs. In contrast, the fund's exposure is centered around more stable companies with profitability or a clear path to it, free cash flow generation, and reasonable growth prospects.

• Healthcare was the most notable sector for the year, with strong stock selection within the benchmark fueling the largest gains. Materials and information technology also delivered positive relative results driven by solid stock selections and appropriate allocation. Further positive attribution came from the portfolios' underweight allocation to communication services, the absence of an investment in utilities, and an overweight allocation to real estate. The allocation to consumer discretionary detracted from positive performance while an underweight to financials offset less than stellar stock selection. Energy's overweight allocation detracted from returns, but consumer staples' limited representation in the portfolio did not prevent stock selection from offsetting gains and driving the portfolio's largest area of relative underperformance. Industrial holdings, the portfolio's largest sector allocation, contributed positive gains but underperformed index constituents.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | RAMBUS INC |
| ↑ | WOODWARD INC |
| ↑ | BRIGHTSPRING HEALTH SERVICES, INC |
| ↑ | DYCOM INDUSTRIES INC |
| ↑ | PERIMETER SOLUTIONS INC |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | FRESHPET INC |
| ↓ | BLOOM ENERGY CORP- A |
| ↓ | SHAKE SHACK INC - CLASS A |
| ↓ | BELLRING BRANDS INC |
| ↓ | FLYWIRE CORP-VOTING |

---

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Eagle Small Cap Growth Fund PAGE 1 TSR-AR-14214L510

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6294img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class A (without sales charge)**  | 11.28 | 1.17 | 8.23 |
| **Class A (with sales charge)**  | 6.01 | 0.19 | 7.70 |
| **Russell 3000® Index**  | 17.15 | 13.15 | 14.29 |
| **Russell 2000® Growth Index**  | 13.01 | 3.18 | 9.57 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $416428407 |
| **Number of Holdings** | 104 |
| **Net Advisory Fee** | $2521461 |
| **Portfolio Turnover** | 41% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  PJT Partners, Inc.  | 2.3% |
|  Dycom Industries, Inc.  | 2.3% |
|  RB Global, Inc.  | 2.1% |
|  Woodward, Inc.  | 2.1% |
|  BrightSpring Health Services, Inc.  | 1.8% |
|  Rambus, Inc.  | 1.7% |
|  EastGroup Properties, Inc.  | 1.6% |
|  Esab Corp.  | 1.6% |
|  StepStone Group, Inc.  | 1.6% |
|  Archrock, Inc.  | 1.6% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Industrials  | 27.9% |
|  Health Care  | 22.5% |
|  Information Technology  | 20.2% |
|  Financials  | 8.0% |
|  Consumer Discretionary  | 7.8% |
|  Materials  | 5.2% |
|  Energy  | 3.4% |
|  Real Estate  | 2.7% |
|  Consumer Staples  | 1.5% |
|  Cash & Other  | 0.8% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Eagle Small Cap Growth Fund PAGE 2 TSR-AR-14214L510

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Eagle Small Cap Growth Fund PAGE 3 TSR-AR-14214L510

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Eagle Small Cap Growth Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class C \| HSCCX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Eagle Small Cap Growth Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class C | $197 | 1.87% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• The portfolio's bias toward quality and larger small-cap companies with stronger fundamentals limited potential gains. Speculative activity fueled by optimism around a shift toward a more supportive business environment along with rapidly advancing technologies drove valuations of lower-quality stocks beyond their fundamental inputs. In contrast, the fund's exposure is centered around more stable companies with profitability or a clear path to it, free cash flow generation, and reasonable growth prospects.

• Healthcare was the most notable sector for the year, with strong stock selection within the benchmark fueling the largest gains. Materials and information technology also delivered positive relative results driven by solid stock selections and appropriate allocation. Further positive attribution came from the portfolios' underweight allocation to communication services, the absence of an investment in utilities, and an overweight allocation to real estate. The allocation to consumer discretionary detracted from positive performance while an underweight to financials offset less than stellar stock selection. Energy's overweight allocation detracted from returns, but consumer staples' limited representation in the portfolio did not prevent stock selection from offsetting gains and driving the portfolio's largest area of relative underperformance. Industrial holdings, the portfolio's largest sector allocation, contributed positive gains but underperformed index constituents.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | RAMBUS INC |
| ↑ | WOODWARD INC |
| ↑ | BRIGHTSPRING HEALTH SERVICES, INC |
| ↑ | DYCOM INDUSTRIES INC |
| ↑ | PERIMETER SOLUTIONS INC |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | FRESHPET INC |
| ↓ | BLOOM ENERGY CORP- A |
| ↓ | SHAKE SHACK INC - CLASS A |
| ↓ | BELLRING BRANDS INC |
| ↓ | FLYWIRE CORP-VOTING |

---

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Eagle Small Cap Growth Fund PAGE 1 TSR-AR-14214L494

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6295img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class C (without sales charge)**  | 10.69 | 0.47 | 7.48 |
| **Class C (with sales charge)**  | 10.69 | 0.47 | 7.48 |
| **Russell 3000® Index**  | 17.15 | 13.15 | 14.29 |
| **Russell 2000® Growth Index**  | 13.01 | 3.18 | 9.57 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $416428407 |
| **Number of Holdings** | 104 |
| **Net Advisory Fee** | $2521461 |
| **Portfolio Turnover** | 41% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  PJT Partners, Inc.  | 2.3% |
|  Dycom Industries, Inc.  | 2.3% |
|  RB Global, Inc.  | 2.1% |
|  Woodward, Inc.  | 2.1% |
|  BrightSpring Health Services, Inc.  | 1.8% |
|  Rambus, Inc.  | 1.7% |
|  EastGroup Properties, Inc.  | 1.6% |
|  Esab Corp.  | 1.6% |
|  StepStone Group, Inc.  | 1.6% |
|  Archrock, Inc.  | 1.6% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Industrials  | 27.9% |
|  Health Care  | 22.5% |
|  Information Technology  | 20.2% |
|  Financials  | 8.0% |
|  Consumer Discretionary  | 7.8% |
|  Materials  | 5.2% |
|  Energy  | 3.4% |
|  Real Estate  | 2.7% |
|  Consumer Staples  | 1.5% |
|  Cash & Other  | 0.8% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Eagle Small Cap Growth Fund PAGE 2 TSR-AR-14214L494

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Eagle Small Cap Growth Fund PAGE 3 TSR-AR-14214L494

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Eagle Small Cap Growth Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class I \| HSIIX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Eagle Small Cap Growth Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class I | $92 | 0.87% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• The portfolio's bias toward quality and larger small-cap companies with stronger fundamentals limited potential gains. Speculative activity fueled by optimism around a shift toward a more supportive business environment along with rapidly advancing technologies drove valuations of lower-quality stocks beyond their fundamental inputs. In contrast, the fund's exposure is centered around more stable companies with profitability or a clear path to it, free cash flow generation, and reasonable growth prospects.

• Healthcare was the most notable sector for the year, with strong stock selection within the benchmark fueling the largest gains. Materials and information technology also delivered positive relative results driven by solid stock selections and appropriate allocation. Further positive attribution came from the portfolios' underweight allocation to communication services, the absence of an investment in utilities, and an overweight allocation to real estate. The allocation to consumer discretionary detracted from positive performance while an underweight to financials offset less than stellar stock selection. Energy's overweight allocation detracted from returns, but consumer staples' limited representation in the portfolio did not prevent stock selection from offsetting gains and driving the portfolio's largest area of relative underperformance. Industrial holdings, the portfolio's largest sector allocation, contributed positive gains but underperformed index constituents.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | RAMBUS INC |
| ↑ | WOODWARD INC |
| ↑ | BRIGHTSPRING HEALTH SERVICES, INC |
| ↑ | DYCOM INDUSTRIES INC |
| ↑ | PERIMETER SOLUTIONS INC |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | FRESHPET INC |
| ↓ | BLOOM ENERGY CORP- A |
| ↓ | SHAKE SHACK INC - CLASS A |
| ↓ | BELLRING BRANDS INC |
| ↓ | FLYWIRE CORP-VOTING |

---

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Eagle Small Cap Growth Fund PAGE 1 TSR-AR-14214L486

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6296img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class I (without sales charge)**  | 11.64 | 1.47 | 8.56 |
| **Russell 3000® Index**  | 17.15 | 13.15 | 14.29 |
| **Russell 2000® Growth Index**  | 13.01 | 3.18 | 9.57 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $416428407 |
| **Number of Holdings** | 104 |
| **Net Advisory Fee** | $2521461 |
| **Portfolio Turnover** | 41% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  PJT Partners, Inc.  | 2.3% |
|  Dycom Industries, Inc.  | 2.3% |
|  RB Global, Inc.  | 2.1% |
|  Woodward, Inc.  | 2.1% |
|  BrightSpring Health Services, Inc.  | 1.8% |
|  Rambus, Inc.  | 1.7% |
|  EastGroup Properties, Inc.  | 1.6% |
|  Esab Corp.  | 1.6% |
|  StepStone Group, Inc.  | 1.6% |
|  Archrock, Inc.  | 1.6% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Industrials  | 27.9% |
|  Health Care  | 22.5% |
|  Information Technology  | 20.2% |
|  Financials  | 8.0% |
|  Consumer Discretionary  | 7.8% |
|  Materials  | 5.2% |
|  Energy  | 3.4% |
|  Real Estate  | 2.7% |
|  Consumer Staples  | 1.5% |
|  Cash & Other  | 0.8% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Eagle Small Cap Growth Fund PAGE 2 TSR-AR-14214L486

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Eagle Small Cap Growth Fund PAGE 3 TSR-AR-14214L486

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Eagle Small Cap Growth Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class R-6 \| HSRUX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Eagle Small Cap Growth Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class R-6 | $83 | 0.78% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• The portfolio's bias toward quality and larger small-cap companies with stronger fundamentals limited potential gains. Speculative activity fueled by optimism around a shift toward a more supportive business environment along with rapidly advancing technologies drove valuations of lower-quality stocks beyond their fundamental inputs. In contrast, the fund's exposure is centered around more stable companies with profitability or a clear path to it, free cash flow generation, and reasonable growth prospects.

• Healthcare was the most notable sector for the year, with strong stock selection within the benchmark fueling the largest gains. Materials and information technology also delivered positive relative results driven by solid stock selections and appropriate allocation. Further positive attribution came from the portfolios' underweight allocation to communication services, the absence of an investment in utilities, and an overweight allocation to real estate. The allocation to consumer discretionary detracted from positive performance while an underweight to financials offset less than stellar stock selection. Energy's overweight allocation detracted from returns, but consumer staples' limited representation in the portfolio did not prevent stock selection from offsetting gains and driving the portfolio's largest area of relative underperformance. Industrial holdings, the portfolio's largest sector allocation, contributed positive gains but underperformed index constituents.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | RAMBUS INC |
| ↑ | WOODWARD INC |
| ↑ | BRIGHTSPRING HEALTH SERVICES, INC |
| ↑ | DYCOM INDUSTRIES INC |
| ↑ | PERIMETER SOLUTIONS INC |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | FRESHPET INC |
| ↓ | BLOOM ENERGY CORP- A |
| ↓ | SHAKE SHACK INC - CLASS A |
| ↓ | BELLRING BRANDS INC |
| ↓ | FLYWIRE CORP-VOTING |

---

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $1,000,000 chart reflects a hypothetical $1,000,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Eagle Small Cap Growth Fund PAGE 1 TSR-AR-14214L452

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $1,000,000)

![image](ts6293img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class R-6 (without sales charge)**  | 11.78 | 1.58 | 8.68 |
| **Russell 3000® Index**  | 17.15 | 13.15 | 14.29 |
| **Russell 2000® Growth Index**  | 13.01 | 3.18 | 9.57 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $416428407 |
| **Number of Holdings** | 104 |
| **Net Advisory Fee** | $2521461 |
| **Portfolio Turnover** | 41% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  PJT Partners, Inc.  | 2.3% |
|  Dycom Industries, Inc.  | 2.3% |
|  RB Global, Inc.  | 2.1% |
|  Woodward, Inc.  | 2.1% |
|  BrightSpring Health Services, Inc.  | 1.8% |
|  Rambus, Inc.  | 1.7% |
|  EastGroup Properties, Inc.  | 1.6% |
|  Esab Corp.  | 1.6% |
|  StepStone Group, Inc.  | 1.6% |
|  Archrock, Inc.  | 1.6% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Industrials  | 27.9% |
|  Health Care  | 22.5% |
|  Information Technology  | 20.2% |
|  Financials  | 8.0% |
|  Consumer Discretionary  | 7.8% |
|  Materials  | 5.2% |
|  Energy  | 3.4% |
|  Real Estate  | 2.7% |
|  Consumer Staples  | 1.5% |
|  Cash & Other  | 0.8% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Eagle Small Cap Growth Fund PAGE 2 TSR-AR-14214L452

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Eagle Small Cap Growth Fund PAGE 3 TSR-AR-14214L452

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Scout Mid Cap Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class A \| CSMEX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Scout Mid Cap Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class A | $134 | 1.25% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• In 2025, equity markets delivered positive but more differentiated returns following the exceptionally strong gains of the prior two years. Large-cap stocks again outperformed most mid-cap peers, though leadership broadened beyond a narrow group of mega-cap stocks as the year progressed. Against this backdrop, the fund modestly outperformed the Russell Midcap® Index, benefiting from disciplined security selection while remaining largely in line with broader market trends.

• During the period, asset allocation had a modestly negative impact on relative performance; however, this was more than offset by strong stock selection. Selection was driven primarily by positions within information technology, including companies benefiting from continued investment in artificial intelligence, software modernization, and productivity-enhancing technologies. Select exposure to industrials and consumer-oriented businesses also contributed as earnings resilience and pricing power proved more durable than expected.

• On the negative side, stock selection within healthcare and certain financial holdings weighed modestly on returns, reflecting company-specific challenges and a more selective environment for fundamentals-driven opportunities. Overall, the portfolio remained well positioned, with performance reflecting the team's focus on high-quality businesses, sustainable growth characteristics, and long-term capital appreciation.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | ATI INC |
| ↑ | CELESTICA INC |
| ↑ | CIENA CORP |
| ↑ | CENCORA INC |
| ↑ | MONGODB INC |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | GARTNER INC |
| ↓ | BATH & BODY WORKS INC |
| ↓ | BLUE OWL CAPITAL INC |
| ↓ | CENTENE CORP |
| ↓ | MARVELL TECHNOLOGY INC |

---

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Scout Mid Cap Fund PAGE 1 TSR-AR-14214M807

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6309img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Since Inception**<br>**(11/20/2017)** |
| **Class A (without sales charge)**  | 15.15 | 8.67 | 9.75 |
| **Class A (with sales charge)**  | 9.66 | 7.62 | 9.10 |
| **Russell 3000® Index**  | 17.15 | 13.15 | 13.94 |
| **Russell Midcap® Index**  | 10.60 | 8.67 | 10.05 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $3205649427 |
| **Number of Holdings** | 118 |
| **Net Advisory Fee** | $21670827 |
| **Portfolio Turnover** | 57% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  ATI, Inc.  | 2.0% |
|  First Horizon Corp.  | 1.8% |
|  Viper Energy, Inc.  | 1.8% |
|  Citizens Financial Group, Inc.  | 1.7% |
|  Agree Realty Corp.  | 1.6% |
|  WEC Energy Group, Inc.  | 1.6% |
|  Huntington Bancshares, Inc.  | 1.5% |
|  Atmos Energy Corp.  | 1.5% |
|  Evergy, Inc.  | 1.5% |
|  CenterPoint Energy, Inc.  | 1.5% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Industrials  | 18.8% |
|  Financials  | 15.4% |
|  Information Technology  | 11.6% |
|  Consumer Discretionary  | 11.4% |
|  Health Care  | 11.2% |
|  Consumer Staples  | 6.4% |
|  Real Estate  | 6.3% |
|  Utilities  | 6.1% |
|  Materials  | 4.8% |
|  Cash & Other  | 8.0% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Scout Mid Cap Fund PAGE 2 TSR-AR-14214M807

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Scout Mid Cap Fund PAGE 3 TSR-AR-14214M807

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Scout Mid Cap Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class C \| CSMFX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Scout Mid Cap Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class C | $213 | 1.99% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• In 2025, equity markets delivered positive but more differentiated returns following the exceptionally strong gains of the prior two years. Large-cap stocks again outperformed most mid-cap peers, though leadership broadened beyond a narrow group of mega-cap stocks as the year progressed. Against this backdrop, the fund modestly outperformed the Russell Midcap® Index, benefiting from disciplined security selection while remaining largely in line with broader market trends.

• During the period, asset allocation had a modestly negative impact on relative performance; however, this was more than offset by strong stock selection. Selection was driven primarily by positions within information technology, including companies benefiting from continued investment in artificial intelligence, software modernization, and productivity-enhancing technologies. Select exposure to industrials and consumer-oriented businesses also contributed as earnings resilience and pricing power proved more durable than expected.

• On the negative side, stock selection within healthcare and certain financial holdings weighed modestly on returns, reflecting company-specific challenges and a more selective environment for fundamentals-driven opportunities. Overall, the portfolio remained well positioned, with performance reflecting the team's focus on high-quality businesses, sustainable growth characteristics, and long-term capital appreciation.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | ATI INC |
| ↑ | CELESTICA INC |
| ↑ | CIENA CORP |
| ↑ | CENCORA INC |
| ↑ | MONGODB INC |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | GARTNER INC |
| ↓ | BATH & BODY WORKS INC |
| ↓ | BLUE OWL CAPITAL INC |
| ↓ | CENTENE CORP |
| ↓ | MARVELL TECHNOLOGY INC |

---

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Scout Mid Cap Fund PAGE 1 TSR-AR-14214M880

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6312img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Since Inception**<br>**(11/20/2017)** |
| **Class C (without sales charge)**  | 14.27 | 7.85 | 8.93 |
| **Class C (with sales charge)**  | 14.27 | 7.85 | 8.93 |
| **Russell 3000® Index**  | 17.15 | 13.15 | 13.94 |
| **Russell Midcap® Index**  | 10.60 | 8.67 | 10.05 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $3205649427 |
| **Number of Holdings** | 118 |
| **Net Advisory Fee** | $21670827 |
| **Portfolio Turnover** | 57% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  ATI, Inc.  | 2.0% |
|  First Horizon Corp.  | 1.8% |
|  Viper Energy, Inc.  | 1.8% |
|  Citizens Financial Group, Inc.  | 1.7% |
|  Agree Realty Corp.  | 1.6% |
|  WEC Energy Group, Inc.  | 1.6% |
|  Huntington Bancshares, Inc.  | 1.5% |
|  Atmos Energy Corp.  | 1.5% |
|  Evergy, Inc.  | 1.5% |
|  CenterPoint Energy, Inc.  | 1.5% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Industrials  | 18.8% |
|  Financials  | 15.4% |
|  Information Technology  | 11.6% |
|  Consumer Discretionary  | 11.4% |
|  Health Care  | 11.2% |
|  Consumer Staples  | 6.4% |
|  Real Estate  | 6.3% |
|  Utilities  | 6.1% |
|  Materials  | 4.8% |
|  Cash & Other  | 8.0% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Scout Mid Cap Fund PAGE 2 TSR-AR-14214M880

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Scout Mid Cap Fund PAGE 3 TSR-AR-14214M880

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Scout Mid Cap Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class I \| UMBMX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Scout Mid Cap Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class I | $102 | 0.95% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• In 2025, equity markets delivered positive but more differentiated returns following the exceptionally strong gains of the prior two years. Large-cap stocks again outperformed most mid-cap peers, though leadership broadened beyond a narrow group of mega-cap stocks as the year progressed. Against this backdrop, the fund modestly outperformed the Russell Midcap® Index, benefiting from disciplined security selection while remaining largely in line with broader market trends.

• During the period, asset allocation had a modestly negative impact on relative performance; however, this was more than offset by strong stock selection. Selection was driven primarily by positions within information technology, including companies benefiting from continued investment in artificial intelligence, software modernization, and productivity-enhancing technologies. Select exposure to industrials and consumer-oriented businesses also contributed as earnings resilience and pricing power proved more durable than expected.

• On the negative side, stock selection within healthcare and certain financial holdings weighed modestly on returns, reflecting company-specific challenges and a more selective environment for fundamentals-driven opportunities. Overall, the portfolio remained well positioned, with performance reflecting the team's focus on high-quality businesses, sustainable growth characteristics, and long-term capital appreciation.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | ATI INC |
| ↑ | CELESTICA INC |
| ↑ | CIENA CORP |
| ↑ | CENCORA INC |
| ↑ | MONGODB INC |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | GARTNER INC |
| ↓ | BATH & BODY WORKS INC |
| ↓ | BLUE OWL CAPITAL INC |
| ↓ | CENTENE CORP |
| ↓ | MARVELL TECHNOLOGY INC |

---

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Scout Mid Cap Fund PAGE 1 TSR-AR-14214M872

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6310img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class I (without sales charge)**  | 15.45 | 8.96 | 12.07 |
| **Russell 3000® Index**  | 17.15 | 13.15 | 14.29 |
| **Russell Midcap® Index**  | 10.60 | 8.67 | 11.01 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $3205649427 |
| **Number of Holdings** | 118 |
| **Net Advisory Fee** | $21670827 |
| **Portfolio Turnover** | 57% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  ATI, Inc.  | 2.0% |
|  First Horizon Corp.  | 1.8% |
|  Viper Energy, Inc.  | 1.8% |
|  Citizens Financial Group, Inc.  | 1.7% |
|  Agree Realty Corp.  | 1.6% |
|  WEC Energy Group, Inc.  | 1.6% |
|  Huntington Bancshares, Inc.  | 1.5% |
|  Atmos Energy Corp.  | 1.5% |
|  Evergy, Inc.  | 1.5% |
|  CenterPoint Energy, Inc.  | 1.5% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Industrials  | 18.8% |
|  Financials  | 15.4% |
|  Information Technology  | 11.6% |
|  Consumer Discretionary  | 11.4% |
|  Health Care  | 11.2% |
|  Consumer Staples  | 6.4% |
|  Real Estate  | 6.3% |
|  Utilities  | 6.1% |
|  Materials  | 4.8% |
|  Cash & Other  | 8.0% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Scout Mid Cap Fund PAGE 2 TSR-AR-14214M872

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Scout Mid Cap Fund PAGE 3 TSR-AR-14214M872

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Scout Mid Cap Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class R-6 \| CSMUX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Scout Mid Cap Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class R-6 | $92 | 0.85% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• In 2025, equity markets delivered positive but more differentiated returns following the exceptionally strong gains of the prior two years. Large-cap stocks again outperformed most mid-cap peers, though leadership broadened beyond a narrow group of mega-cap stocks as the year progressed. Against this backdrop, the fund modestly outperformed the Russell Midcap® Index, benefiting from disciplined security selection while remaining largely in line with broader market trends.

• During the period, asset allocation had a modestly negative impact on relative performance; however, this was more than offset by strong stock selection. Selection was driven primarily by positions within information technology, including companies benefiting from continued investment in artificial intelligence, software modernization, and productivity-enhancing technologies. Select exposure to industrials and consumer-oriented businesses also contributed as earnings resilience and pricing power proved more durable than expected.

• On the negative side, stock selection within healthcare and certain financial holdings weighed modestly on returns, reflecting company-specific challenges and a more selective environment for fundamentals-driven opportunities. Overall, the portfolio remained well positioned, with performance reflecting the team's focus on high-quality businesses, sustainable growth characteristics, and long-term capital appreciation.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | ATI INC |
| ↑ | CELESTICA INC |
| ↑ | CIENA CORP |
| ↑ | CENCORA INC |
| ↑ | MONGODB INC |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | GARTNER INC |
| ↓ | BATH & BODY WORKS INC |
| ↓ | BLUE OWL CAPITAL INC |
| ↓ | CENTENE CORP |
| ↓ | MARVELL TECHNOLOGY INC |

---

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $1,000,000 chart reflects a hypothetical $1,000,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Scout Mid Cap Fund PAGE 1 TSR-AR-14214M849

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $1,000,000)

![image](ts6311img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Since Inception**<br>**(11/20/2017)** |
| **Class R-6 (without sales charge)**  | 15.58 | 9.07 | 10.13 |
| **Russell 3000® Index**  | 17.15 | 13.15 | 13.94 |
| **Russell Midcap® Index**  | 10.60 | 8.67 | 10.05 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $3205649427 |
| **Number of Holdings** | 118 |
| **Net Advisory Fee** | $21670827 |
| **Portfolio Turnover** | 57% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  ATI, Inc.  | 2.0% |
|  First Horizon Corp.  | 1.8% |
|  Viper Energy, Inc.  | 1.8% |
|  Citizens Financial Group, Inc.  | 1.7% |
|  Agree Realty Corp.  | 1.6% |
|  WEC Energy Group, Inc.  | 1.6% |
|  Huntington Bancshares, Inc.  | 1.5% |
|  Atmos Energy Corp.  | 1.5% |
|  Evergy, Inc.  | 1.5% |
|  CenterPoint Energy, Inc.  | 1.5% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Industrials  | 18.8% |
|  Financials  | 15.4% |
|  Information Technology  | 11.6% |
|  Consumer Discretionary  | 11.4% |
|  Health Care  | 11.2% |
|  Consumer Staples  | 6.4% |
|  Real Estate  | 6.3% |
|  Utilities  | 6.1% |
|  Materials  | 4.8% |
|  Cash & Other  | 8.0% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Scout Mid Cap Fund PAGE 2 TSR-AR-14214M849

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Scout Mid Cap Fund PAGE 3 TSR-AR-14214M849

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Chartwell Small Cap Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class A \| CSSAX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Chartwell Small Cap Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184. **This** **report describes changes to the Fund that occurred during the reporting period.**

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class A | $122 | 1.14% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• The fund's strategy had strong performance, outperforming the Russell 2000® Growth Index. Small-cap stocks had solid returns in 2025, with the growth style outperforming the value style again for the year. Within the portfolio, the technology and industrials sectors had the most significant outperformance, with strong stock selection generating notable alpha. Conversely, the performance of the healthcare and the consumer staples sectors had a negative impact.

&nbsp;&nbsp;&nbsp;&nbsp;• For the year, companies benefiting from strong secular themes were identified, leading to strong stock performance. Specifically, companies that benefited from the global data center capital expenditure (capex) explosion did particularly well last year. These include engineering and construction companies, as well as optical transceiver manufacturers. Another secular theme is the strong aerospace and defense industries.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | LUMENTUM HOLDINGS INC |
| ↑ | COMFORT SYSTEMS USA INC |
| ↑ | COHERENT CORP |
| ↑ | IREN LTD |
| ↑ | GENEDX HOLDINGS CORP |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | MANHATTAN ASSOCIATES INC |
| ↓ | INTEGER HOLDINGS CORP |
| ↓ | BLOOM ENERGY CORP |
| ↓ | MERIT MEDICAL SYSTEMS INC |
| ↓ | BELLRING BRANDS INC |

---

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Chartwell Small Cap Fund PAGE 1 TSR-AR-14214M823

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6314img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Since Inception**<br>**(11/20/2017)** |
| **Class A (without sales charge)**  | 13.83 | 4.58 | 8.92 |
| **Class A (with sales charge)**  | 8.43 | 3.57 | 8.26 |
| **Russell 3000® Index**  | 17.15 | 13.15 | 13.94 |
| **Russell 2000® Growth Index**  | 13.01 | 3.18 | 8.12 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $188319987 |
| **Number of Holdings** | 86 |
| **Net Advisory Fee** | $1327869 |
| **Portfolio Turnover** | 154% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  First American Government Obligations Fund  | 4.1% |
|  Sterling Infrastructure, Inc.  | 2.8% |
|  Comfort Systems USA, Inc.  | 2.5% |
|  Merit Medical Systems, Inc.  | 2.5% |
|  Coherent Corp.  | 2.4% |
|  Lumentum Holdings, Inc.  | 2.4% |
|  MACOM Technology Solutions Holdings, Inc.  | 2.4% |
|  Fabrinet  | 2.3% |
|  Applied Industrial Technologies, Inc.  | 2.1% |
|  FTAI Aviation Ltd.  | 2.1% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Health Care  | 27.6% |
|  Industrials  | 24.6% |
|  Information Technology  | 18.3% |
|  Consumer Discretionary  | 8.9% |
|  Financials  | 7.6% |
|  Utilities  | 2.5% |
|  Energy  | 2.4% |
|  Real Estate  | 2.0% |
|  Communication Services  | 1.9% |
|  Cash & Other  | 4.2% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

**Other Material Fund Changes:**

At meetings held on August 14-15, 2025, the Board of Trustees of Carillon Series Trust, on behalf of its series, Carillon Chartwell Small Cap Fund (the "Fund"), voted to terminate in accordance with its terms the Plan of Reorganization and Termination pursuant to which (as previously announced) the Fund would be reorganized into the Carillon Chartwell

Carillon Chartwell Small Cap Fund PAGE 2 TSR-AR-14214M823

------

Small Cap Growth Fund (the "Reorganization"). Accordingly, the Reorganization will not occur as previously disclosed and the Fund will remain open for shareholder transactions.

This is a summary of certain changes to the Fund since January 1, 2025. For more complete information, you may review the Fund's current prospectus, dated May 1, 2025, as supplemented which is available upon request at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Chartwell Small Cap Fund PAGE 3 TSR-AR-14214M823

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Chartwell Small Cap Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class C \| CSSJX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Chartwell Small Cap Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184. **This** **report describes changes to the Fund that occurred during the reporting period.**

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class C | $199 | 1.87% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• The fund's strategy had strong performance, outperforming the Russell 2000® Growth Index. Small-cap stocks had solid returns in 2025, with the growth style outperforming the value style again for the year. Within the portfolio, the technology and industrials sectors had the most significant outperformance, with strong stock selection generating notable alpha. Conversely, the performance of the healthcare and the consumer staples sectors had a negative impact.

&nbsp;&nbsp;&nbsp;&nbsp;• For the year, companies benefiting from strong secular themes were identified, leading to strong stock performance. Specifically, companies that benefited from the global data center capital expenditure (capex) explosion did particularly well last year. These include engineering and construction companies, as well as optical transceiver manufacturers. Another secular theme is the strong aerospace and defense industries.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | LUMENTUM HOLDINGS INC |
| ↑ | COMFORT SYSTEMS USA INC |
| ↑ | COHERENT CORP |
| ↑ | IREN LTD |
| ↑ | GENEDX HOLDINGS CORP |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | MANHATTAN ASSOCIATES INC |
| ↓ | INTEGER HOLDINGS CORP |
| ↓ | BLOOM ENERGY CORP |
| ↓ | MERIT MEDICAL SYSTEMS INC |
| ↓ | BELLRING BRANDS INC |

---

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Chartwell Small Cap Fund PAGE 1 TSR-AR-14214M815

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6313img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Since Inception**<br>**(11/20/2017)** |
| **Class C (without sales charge)**  | 13.02 | 3.81 | 8.10 |
| **Class C (with sales charge)**  | 13.02 | 3.81 | 8.10 |
| **Russell 3000® Index**  | 17.15 | 13.15 | 13.94 |
| **Russell 2000® Growth Index**  | 13.01 | 3.18 | 8.12 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $188319987 |
| **Number of Holdings** | 86 |
| **Net Advisory Fee** | $1327869 |
| **Portfolio Turnover** | 154% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  First American Government Obligations Fund  | 4.1% |
|  Sterling Infrastructure, Inc.  | 2.8% |
|  Comfort Systems USA, Inc.  | 2.5% |
|  Merit Medical Systems, Inc.  | 2.5% |
|  Coherent Corp.  | 2.4% |
|  Lumentum Holdings, Inc.  | 2.4% |
|  MACOM Technology Solutions Holdings, Inc.  | 2.4% |
|  Fabrinet  | 2.3% |
|  Applied Industrial Technologies, Inc.  | 2.1% |
|  FTAI Aviation Ltd.  | 2.1% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Health Care  | 27.6% |
|  Industrials  | 24.6% |
|  Information Technology  | 18.3% |
|  Consumer Discretionary  | 8.9% |
|  Financials  | 7.6% |
|  Utilities  | 2.5% |
|  Energy  | 2.4% |
|  Real Estate  | 2.0% |
|  Communication Services  | 1.9% |
|  Cash & Other  | 4.2% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

**Other Material Fund Changes:**

At meetings held on August 14-15, 2025, the Board of Trustees of Carillon Series Trust, on behalf of its series, Carillon Chartwell Small Cap Fund (the "Fund"), voted to terminate in accordance with its terms the Plan of Reorganization and Termination pursuant to which (as previously announced) the Fund would be reorganized into the Carillon Chartwell

Carillon Chartwell Small Cap Fund PAGE 2 TSR-AR-14214M815

------

Small Cap Growth Fund (the "Reorganization"). Accordingly, the Reorganization will not occur as previously disclosed and the Fund will remain open for shareholder transactions.

This is a summary of certain changes to the Fund since January 1, 2025. For more complete information, you may review the Fund's current prospectus, dated May 1, 2025, as supplemented which is available upon request at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Chartwell Small Cap Fund PAGE 3 TSR-AR-14214M815

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Chartwell Small Cap Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class I \| UMBHX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Chartwell Small Cap Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184. **This** **report describes changes to the Fund that occurred during the reporting period.**

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class I | $95 | 0.89% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• The fund's strategy had strong performance, outperforming the Russell 2000® Growth Index. Small-cap stocks had solid returns in 2025, with the growth style outperforming the value style again for the year. Within the portfolio, the technology and industrials sectors had the most significant outperformance, with strong stock selection generating notable alpha. Conversely, the performance of the healthcare and the consumer staples sectors had a negative impact.

&nbsp;&nbsp;&nbsp;&nbsp;• For the year, companies benefiting from strong secular themes were identified, leading to strong stock performance. Specifically, companies that benefited from the global data center capital expenditure (capex) explosion did particularly well last year. These include engineering and construction companies, as well as optical transceiver manufacturers. Another secular theme is the strong aerospace and defense industries.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | LUMENTUM HOLDINGS INC |
| ↑ | COMFORT SYSTEMS USA INC |
| ↑ | COHERENT CORP |
| ↑ | IREN LTD |
| ↑ | GENEDX HOLDINGS CORP |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | MANHATTAN ASSOCIATES INC |
| ↓ | INTEGER HOLDINGS CORP |
| ↓ | BLOOM ENERGY CORP |
| ↓ | MERIT MEDICAL SYSTEMS INC |
| ↓ | BELLRING BRANDS INC |

---

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Chartwell Small Cap Fund PAGE 1 TSR-AR-14214M799

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6315img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class I (without sales charge)**  | 14.10 | 4.84 | 11.33 |
| **Russell 3000® Index**  | 17.15 | 13.15 | 14.29 |
| **Russell 2000® Growth Index**  | 13.01 | 3.18 | 9.57 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $188319987 |
| **Number of Holdings** | 86 |
| **Net Advisory Fee** | $1327869 |
| **Portfolio Turnover** | 154% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  First American Government Obligations Fund  | 4.1% |
|  Sterling Infrastructure, Inc.  | 2.8% |
|  Comfort Systems USA, Inc.  | 2.5% |
|  Merit Medical Systems, Inc.  | 2.5% |
|  Coherent Corp.  | 2.4% |
|  Lumentum Holdings, Inc.  | 2.4% |
|  MACOM Technology Solutions Holdings, Inc.  | 2.4% |
|  Fabrinet  | 2.3% |
|  Applied Industrial Technologies, Inc.  | 2.1% |
|  FTAI Aviation Ltd.  | 2.1% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Health Care  | 27.6% |
|  Industrials  | 24.6% |
|  Information Technology  | 18.3% |
|  Consumer Discretionary  | 8.9% |
|  Financials  | 7.6% |
|  Utilities  | 2.5% |
|  Energy  | 2.4% |
|  Real Estate  | 2.0% |
|  Communication Services  | 1.9% |
|  Cash & Other  | 4.2% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

**Other Material Fund Changes:**

At meetings held on August 14-15, 2025, the Board of Trustees of Carillon Series Trust, on behalf of its series, Carillon Chartwell Small Cap Fund (the "Fund"), voted to terminate in accordance with its terms the Plan of Reorganization and Termination pursuant to which (as previously announced) the Fund would be reorganized into the Carillon Chartwell Small Cap Growth Fund (the "Reorganization"). Accordingly, the Reorganization will not occur as previously disclosed and the Fund will remain open for shareholder transactions.

Carillon Chartwell Small Cap Fund PAGE 2 TSR-AR-14214M799

------

This is a summary of certain changes to the Fund since January 1, 2025. For more complete information, you may review the Fund's current prospectus, dated May 1, 2025, as supplemented which is available upon request at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Chartwell Small Cap Fund PAGE 3 TSR-AR-14214M799

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Chartwell Small Cap Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class R-6 \| CSSVX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Chartwell Small Cap Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184. **This** **report describes changes to the Fund that occurred during the reporting period.**

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class R-6 | $87 | 0.81% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• The fund's strategy had strong performance, outperforming the Russell 2000® Growth Index. Small-cap stocks had solid returns in 2025, with the growth style outperforming the value style again for the year. Within the portfolio, the technology and industrials sectors had the most significant outperformance, with strong stock selection generating notable alpha. Conversely, the performance of the healthcare and the consumer staples sectors had a negative impact.

&nbsp;&nbsp;&nbsp;&nbsp;• For the year, companies benefiting from strong secular themes were identified, leading to strong stock performance. Specifically, companies that benefited from the global data center capital expenditure (capex) explosion did particularly well last year. These include engineering and construction companies, as well as optical transceiver manufacturers. Another secular theme is the strong aerospace and defense industries.

---

| | |
|:---|:---|
| **Top Contributors** | **Top Contributors** |
| ↑ | LUMENTUM HOLDINGS INC |
| ↑ | COMFORT SYSTEMS USA INC |
| ↑ | COHERENT CORP |
| ↑ | IREN LTD |
| ↑ | GENEDX HOLDINGS CORP |

---

---

| | |
|:---|:---|
| **Top Detractors** | **Top Detractors** |
| ↓ | MANHATTAN ASSOCIATES INC |
| ↓ | INTEGER HOLDINGS CORP |
| ↓ | BLOOM ENERGY CORP |
| ↓ | MERIT MEDICAL SYSTEMS INC |
| ↓ | BELLRING BRANDS INC |

---

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $1,000,000 chart reflects a hypothetical $1,000,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

Carillon Chartwell Small Cap Fund PAGE 1 TSR-AR-14214M765

------

**CUMULATIVE PERFORMANCE** (Initial Investment of $1,000,000)

![image](ts6316img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Since Inception**<br>**(11/20/2017)** |
| **Class R-6 (without sales charge)**  | 14.19 | 4.93 | 9.28 |
| **Russell 3000® Index**  | 17.15 | 13.15 | 13.94 |
| **Russell 2000® Growth Index**  | 13.01 | 3.18 | 8.12 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $188319987 |
| **Number of Holdings** | 86 |
| **Net Advisory Fee** | $1327869 |
| **Portfolio Turnover** | 154% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  First American Government Obligations Fund  | 4.1% |
|  Sterling Infrastructure, Inc.  | 2.8% |
|  Comfort Systems USA, Inc.  | 2.5% |
|  Merit Medical Systems, Inc.  | 2.5% |
|  Coherent Corp.  | 2.4% |
|  Lumentum Holdings, Inc.  | 2.4% |
|  MACOM Technology Solutions Holdings, Inc.  | 2.4% |
|  Fabrinet  | 2.3% |
|  Applied Industrial Technologies, Inc.  | 2.1% |
|  FTAI Aviation Ltd.  | 2.1% |

---

---

| | |
|:---|:---|
| **Top Sectors** **\*** | **(%)** |
|  Health Care  | 27.6% |
|  Industrials  | 24.6% |
|  Information Technology  | 18.3% |
|  Consumer Discretionary  | 8.9% |
|  Financials  | 7.6% |
|  Utilities  | 2.5% |
|  Energy  | 2.4% |
|  Real Estate  | 2.0% |
|  Communication Services  | 1.9% |
|  Cash & Other  | 4.2% |

---

\* The Top Sectors are based on the Global Industry Classification Standard (GICS®). GICS® was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.

**Other Material Fund Changes:**

At meetings held on August 14-15, 2025, the Board of Trustees of Carillon Series Trust, on behalf of its series, Carillon Chartwell Small Cap Fund (the "Fund"), voted to terminate in accordance with its terms the Plan of Reorganization and Termination pursuant to which (as previously announced) the Fund would be reorganized into the Carillon Chartwell Small Cap Growth Fund (the "Reorganization"). Accordingly, the Reorganization will not occur as previously disclosed and the Fund will remain open for shareholder transactions.

Carillon Chartwell Small Cap Fund PAGE 2 TSR-AR-14214M765

------

This is a summary of certain changes to the Fund since January 1, 2025. For more complete information, you may review the Fund's current prospectus, dated May 1, 2025, as supplemented which is available upon request at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Chartwell Small Cap Fund PAGE 3 TSR-AR-14214M765

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Chartwell Real Income Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class A \| BERGX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Chartwell Real Income Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184. **This** **report describes changes to the Fund that occurred during the reporting period.**

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class A | $92 | 0.86% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• Absolute and relative returns for the fund were strong in 2025, with the fund outperforming the Bloomberg U.S. Aggregate Index in the calendar year. Within the fixed income market, interest rates moved lower along with inflation expectations. The fund's relatively shorter duration and significant allocation to Treasury Inflation-Protected Securities (TIPS) was a slight headwind to relative performance. Though the allocation to corporate credit was small, averaging around 5% throughout the year, the selection within credit was a tailwind to relative performance.

• Away from fixed income, the fund held positions in precious metals through holdings in two ETFs as well as an allocation to cyclical equities. Both of these components added to relative and absolute performance. In particular, the fund saw additive performance from equity holdings in materials and energy. A slight headwind to performance was found in equity holdings within consumer discretionary and financials. While the equity allocation is capped at 15%, we see this exposure as an important hedge to the potential negative returns that a rising-rate environment can cause.

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6261img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | |
|:---|:---|:---|
|  | **1 Year** | **Since Inception**<br>**(04/26/2024)** |
| **Class A (without sales charge)**  | 12.85 | 11.50 |
| **Class A (with sales charge)**  | 8.65 | 8.98 |
| **Bloomberg U.S. Aggregate Bond Index**  | 7.30 | 7.09 |
| **Bloomberg U.S. TIPS Index**  | 7.01 | 6.28 |

---

Carillon Chartwell Real Income Fund PAGE 1 TSR-AR-14214M468

------

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $260566870 |
| **Number of Holdings** | 70 |
| **Net Advisory Fee** | $767948 |
| **Portfolio Turnover** | 49% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  U.S. Treasury Securities  | 64.1% |
|  Common Stocks  | 14.1% |
|  Commercial Mortgage-Backed Securities  | 6.6% |
|  Exchange Traded Funds  | 5.0% |
|  Corporate Bonds  | 3.1% |
|  Asset-Backed Securities  | 1.8% |
|  Agency Mortgage-Backed Securities  | 1.6% |
|  U.S. Government Agency Issues  | 1.1% |
|  U.S. Treasury Bills  | 0.7% |
|  Cash & Other  | 1.9% |

---

---

| | |
|:---|:---|
| **Credit Breakdown** **\*** | **(%)** |
|  US GVT/AGENCY  | 84.5% |
|  AAA  | 8.5% |
|  A  | 0.8% |
|  BBB  | 1.4% |
|  BB  | 1.4% |
|  B  | 1.2% |
|  UNRATED  | 2.4% |

---

\* The bond quality ratings indicated are assigned by credit rating agencies Standard & Poor's and Moody's, as an indication of an issuer's creditworthiness. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). The highest credit quality rating available from these two rating agencies is used and is expressed in Standard & Poor's form above. Ratings of BB+, or its equivalent, and lower may be lumped into the Below IG category. Credit quality is subject to change. The Credit Breakdown may not sum to 100% in certain cases. To the extent derivative instruments are held and shown at full notional value, collateral will be assigned to its defined Credit Rating category. Cash & Cash Equivalents are generally defined as securities with an effective duration less than one year and rated investment grade.

**Changes to Shareholder Fees (fees paid directly from your investment):**

At meetings held on November 14-15, 2024, the Board of Trustees of Carillon Series Trust approved decreasing the investment advisory and subadvisory fee rate for the Carillon Chartwell Real Income Fund by 0.10%, and decreasing the Fee Waiver and/or Expense Reimbursement arrangement in place for the Fund by 0.09%. These changes went into effect as of May 1, 2025.

This is a summary of certain changes to the Fund since January 1, 2025. For more complete information, you may review the Fund's current prospectus, dated May 1, 2025, as supplemented which is available upon request at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Chartwell Real Income Fund PAGE 2 TSR-AR-14214M468

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Chartwell Real Income Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class C \| BERHX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Chartwell Real Income Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184. **This** **report describes changes to the Fund that occurred during the reporting period.**

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class C | $158 | 1.49% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• Absolute and relative returns for the fund were strong in 2025, with the fund outperforming the Bloomberg U.S. Aggregate Index in the calendar year. Within the fixed income market, interest rates moved lower along with inflation expectations. The fund's relatively shorter duration and significant allocation to Treasury Inflation-Protected Securities (TIPS) was a slight headwind to relative performance. Though the allocation to corporate credit was small, averaging around 5% throughout the year, the selection within credit was a tailwind to relative performance.

• Away from fixed income, the fund held positions in precious metals through holdings in two ETFs as well as an allocation to cyclical equities. Both of these components added to relative and absolute performance. In particular, the fund saw additive performance from equity holdings in materials and energy. A slight headwind to performance was found in equity holdings within consumer discretionary and financials. While the equity allocation is capped at 15%, we see this exposure as an important hedge to the potential negative returns that a rising-rate environment can cause.

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6264img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | |
|:---|:---|:---|
|  | **1 Year** | **Since Inception**<br>**(04/26/2024)** |
| **Class C (without sales charge)**  | 12.16 | 10.74 |
| **Class C (with sales charge)**  | 12.16 | 10.74 |
| **Bloomberg U.S. Aggregate Bond Index**  | 7.30 | 7.09 |
| **Bloomberg U.S. TIPS Index**  | 7.01 | 6.28 |

---

Carillon Chartwell Real Income Fund PAGE 1 TSR-AR-14214M450

------

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $260566870 |
| **Number of Holdings** | 70 |
| **Net Advisory Fee** | $767948 |
| **Portfolio Turnover** | 49% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  U.S. Treasury Securities  | 64.1% |
|  Common Stocks  | 14.1% |
|  Commercial Mortgage-Backed Securities  | 6.6% |
|  Exchange Traded Funds  | 5.0% |
|  Corporate Bonds  | 3.1% |
|  Asset-Backed Securities  | 1.8% |
|  Agency Mortgage-Backed Securities  | 1.6% |
|  U.S. Government Agency Issues  | 1.1% |
|  U.S. Treasury Bills  | 0.7% |
|  Cash & Other  | 1.9% |

---

---

| | |
|:---|:---|
| **Credit Breakdown** **\*** | **(%)** |
|  US GVT/AGENCY  | 84.5% |
|  AAA  | 8.5% |
|  A  | 0.8% |
|  BBB  | 1.4% |
|  BB  | 1.4% |
|  B  | 1.2% |
|  UNRATED  | 2.4% |

---

\* The bond quality ratings indicated are assigned by credit rating agencies Standard & Poor's and Moody's, as an indication of an issuer's creditworthiness. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). The highest credit quality rating available from these two rating agencies is used and is expressed in Standard & Poor's form above. Ratings of BB+, or its equivalent, and lower may be lumped into the Below IG category. Credit quality is subject to change. The Credit Breakdown may not sum to 100% in certain cases. To the extent derivative instruments are held and shown at full notional value, collateral will be assigned to its defined Credit Rating category. Cash & Cash Equivalents are generally defined as securities with an effective duration less than one year and rated investment grade.

**Changes to Shareholder Fees (fees paid directly from your investment):**

At meetings held on November 14-15, 2024, the Board of Trustees of Carillon Series Trust approved decreasing the investment advisory and subadvisory fee rate for the Carillon Chartwell Real Income Fund by 0.10%, and decreasing the Fee Waiver and/or Expense Reimbursement arrangement in place for the Fund by 0.09%. These changes went into effect as of May 1, 2025.

This is a summary of certain changes to the Fund since January 1, 2025. For more complete information, you may review the Fund's current prospectus, dated May 1, 2025, as supplemented which is available upon request at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Chartwell Real Income Fund PAGE 2 TSR-AR-14214M450

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Chartwell Real Income Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class I \| BERIX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Chartwell Real Income Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184. **This** **report describes changes to the Fund that occurred during the reporting period.**

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class I | $62 | 0.58% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• Absolute and relative returns for the fund were strong in 2025, with the fund outperforming the Bloomberg U.S. Aggregate Index in the calendar year. Within the fixed income market, interest rates moved lower along with inflation expectations. The fund's relatively shorter duration and significant allocation to Treasury Inflation-Protected Securities (TIPS) was a slight headwind to relative performance. Though the allocation to corporate credit was small, averaging around 5% throughout the year, the selection within credit was a tailwind to relative performance.

• Away from fixed income, the fund held positions in precious metals through holdings in two ETFs as well as an allocation to cyclical equities. Both of these components added to relative and absolute performance. In particular, the fund saw additive performance from equity holdings in materials and energy. A slight headwind to performance was found in equity holdings within consumer discretionary and financials. While the equity allocation is capped at 15%, we see this exposure as an important hedge to the potential negative returns that a rising-rate environment can cause.

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6262img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class I (without sales charge)**  | 13.22 | 4.76 | 4.94 |
| **Bloomberg U.S. Aggregate Bond Index**  | 7.30 | -0.36 | 2.01 |
| **Bloomberg U.S. TIPS Index**  | 7.01 | 1.12 | 3.09 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

Carillon Chartwell Real Income Fund PAGE 1 TSR-AR-16140T202

------

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $260566870 |
| **Number of Holdings** | 70 |
| **Net Advisory Fee** | $767948 |
| **Portfolio Turnover** | 49% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  U.S. Treasury Securities  | 64.1% |
|  Common Stocks  | 14.1% |
|  Commercial Mortgage-Backed Securities  | 6.6% |
|  Exchange Traded Funds  | 5.0% |
|  Corporate Bonds  | 3.1% |
|  Asset-Backed Securities  | 1.8% |
|  Agency Mortgage-Backed Securities  | 1.6% |
|  U.S. Government Agency Issues  | 1.1% |
|  U.S. Treasury Bills  | 0.7% |
|  Cash & Other  | 1.9% |

---

---

| | |
|:---|:---|
| **Credit Breakdown** **\*** | **(%)** |
|  US GVT/AGENCY  | 84.5% |
|  AAA  | 8.5% |
|  A  | 0.8% |
|  BBB  | 1.4% |
|  BB  | 1.4% |
|  B  | 1.2% |
|  UNRATED  | 2.4% |

---

\* The bond quality ratings indicated are assigned by credit rating agencies Standard & Poor's and Moody's, as an indication of an issuer's creditworthiness. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). The highest credit quality rating available from these two rating agencies is used and is expressed in Standard & Poor's form above. Ratings of BB+, or its equivalent, and lower may be lumped into the Below IG category. Credit quality is subject to change. The Credit Breakdown may not sum to 100% in certain cases. To the extent derivative instruments are held and shown at full notional value, collateral will be assigned to its defined Credit Rating category. Cash & Cash Equivalents are generally defined as securities with an effective duration less than one year and rated investment grade.

**Changes to Shareholder Fees (fees paid directly from your investment):**

At meetings held on November 14-15, 2024, the Board of Trustees of Carillon Series Trust approved decreasing the investment advisory and subadvisory fee rate for the Carillon Chartwell Real Income Fund by 0.10%, and decreasing the Fee Waiver and/or Expense Reimbursement arrangement in place for the Fund by 0.09%. These changes went into effect as of May 1, 2025.

This is a summary of certain changes to the Fund since January 1, 2025. For more complete information, you may review the Fund's current prospectus, dated May 1, 2025, as supplemented which is available upon request at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Chartwell Real Income Fund PAGE 2 TSR-AR-16140T202

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Chartwell Real Income Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class R-6 \| BERSX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Chartwell Real Income Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184. **This** **report describes changes to the Fund that occurred during the reporting period.**

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class R-6 | $48 | 0.45% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• Absolute and relative returns for the fund were strong in 2025, with the fund outperforming the Bloomberg U.S. Aggregate Index in the calendar year. Within the fixed income market, interest rates moved lower along with inflation expectations. The fund's relatively shorter duration and significant allocation to Treasury Inflation-Protected Securities (TIPS) was a slight headwind to relative performance. Though the allocation to corporate credit was small, averaging around 5% throughout the year, the selection within credit was a tailwind to relative performance.

• Away from fixed income, the fund held positions in precious metals through holdings in two ETFs as well as an allocation to cyclical equities. Both of these components added to relative and absolute performance. In particular, the fund saw additive performance from equity holdings in materials and energy. A slight headwind to performance was found in equity holdings within consumer discretionary and financials. While the equity allocation is capped at 15%, we see this exposure as an important hedge to the potential negative returns that a rising-rate environment can cause.

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $1,000,000 chart reflects a hypothetical $1,000,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $1,000,000)

![image](ts6263img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | |
|:---|:---|:---|
|  | **1 Year** | **Since Inception**<br>**(04/26/2024)** |
| **Class R-6 (without sales charge)**  | 13.39 | 11.97 |
| **Bloomberg U.S. Aggregate Bond Index**  | 7.30 | 7.09 |
| **Bloomberg U.S. TIPS Index**  | 7.01 | 6.28 |

---

Carillon Chartwell Real Income Fund PAGE 1 TSR-AR-14214M443

------

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $260566870 |
| **Number of Holdings** | 70 |
| **Net Advisory Fee** | $767948 |
| **Portfolio Turnover** | 49% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  U.S. Treasury Securities  | 64.1% |
|  Common Stocks  | 14.1% |
|  Commercial Mortgage-Backed Securities  | 6.6% |
|  Exchange Traded Funds  | 5.0% |
|  Corporate Bonds  | 3.1% |
|  Asset-Backed Securities  | 1.8% |
|  Agency Mortgage-Backed Securities  | 1.6% |
|  U.S. Government Agency Issues  | 1.1% |
|  U.S. Treasury Bills  | 0.7% |
|  Cash & Other  | 1.9% |

---

---

| | |
|:---|:---|
| **Credit Breakdown** **\*** | **(%)** |
|  US GVT/AGENCY  | 84.5% |
|  AAA  | 8.5% |
|  A  | 0.8% |
|  BBB  | 1.4% |
|  BB  | 1.4% |
|  B  | 1.2% |
|  UNRATED  | 2.4% |

---

\* The bond quality ratings indicated are assigned by credit rating agencies Standard & Poor's and Moody's, as an indication of an issuer's creditworthiness. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). The highest credit quality rating available from these two rating agencies is used and is expressed in Standard & Poor's form above. Ratings of BB+, or its equivalent, and lower may be lumped into the Below IG category. Credit quality is subject to change. The Credit Breakdown may not sum to 100% in certain cases. To the extent derivative instruments are held and shown at full notional value, collateral will be assigned to its defined Credit Rating category. Cash & Cash Equivalents are generally defined as securities with an effective duration less than one year and rated investment grade.

**Changes to Shareholder Fees (fees paid directly from your investment):**

At meetings held on November 14-15, 2024, the Board of Trustees of Carillon Series Trust approved decreasing the investment advisory and subadvisory fee rate for the Carillon Chartwell Real Income Fund by 0.10%, and decreasing the Fee Waiver and/or Expense Reimbursement arrangement in place for the Fund by 0.09%. These changes went into effect as of May 1, 2025.

This is a summary of certain changes to the Fund since January 1, 2025. For more complete information, you may review the Fund's current prospectus, dated May 1, 2025, as supplemented which is available upon request at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Chartwell Real Income Fund PAGE 2 TSR-AR-14214M443

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Chartwell Short Duration High** **Yield Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class A \| CWFAX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Chartwell Short Duration High Yield Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class A | $72 | 0.70% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• During the year ending December 31, 2025, fund performance benefited from both tighter credit spreads and lower interest rates.

• Credit spreads widened briefly in the spring on tariff uncertainty but recovered by summer with greater clarity on how industries and individual companies could adjust their business plans.

• The portfolio's short duration focus, along with relatively high coupon income from corporate credits, worked well to contribute steady monthly returns throughout the year.

• While most of the fund's return was driven by coupon income, average price also appreciated, contributing to total return. The portfolio's effective duration shortened somewhat over the course of the year.

• Overall security selection contributed positively to the fund's relative performance, while sector allocation was a negative contributor.

• Overweight positions and good credit selection in the transportation and leisure sectors were the largest positive contributors to the fund's return. This was partially offset by weak contributions from underweight positions in consumer goods and automotive. Every sector contributed positive absolute returns for the year.

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?<sup>1</sup>**

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6265img003.jpg)

Carillon Chartwell Short Duration High Yield Fund PAGE 1 TSR-AR-14214M435

------

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | |
|:---|:---|:---|
|  | **1 Year** | **Since Inception**<br>**(04/26/2024)** |
| **Class A (without sales charge)**  | 6.74 | 6.75 |
| **Class A (with sales charge)**  | 2.73 | 4.33 |
| **Bloomberg U.S. Aggregate Bond Index**  | 7.30 | 7.09 |
| **ICE BofA 1-3 Year BB U.S. Cash Pay High Yield Index**  | 7.22 | 7.54 |
| **Bloomberg Intermediate U.S. Government/Credit Index**  | 6.97 | 6.87 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

---

| | |
|:---|:---|
| 1 | **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.* |

---

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $298079436 |
| **Number of Holdings** | 73 |
| **Net Advisory Fee** | $665587 |
| **Portfolio Turnover** | 36% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Block, Inc.  | 2.5% |
|  CCO Holdings LLC/CCO Holdings Capital Corp.  | 2.5% |
|  Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC  | 2.5% |
|  American Airlines, Inc./AAdvantage Loyalty IP Ltd.  | 2.5% |
|  Boyd Gaming Corp.  | 2.5% |
|  Darling Ingredients, Inc.  | 2.5% |
|  Kinetik Holdings LP  | 2.5% |
|  Teva Pharmaceutical Finance Netherlands III BV  | 2.5% |
|  Medline Borrower LP  | 2.4% |
|  OneMain Finance Corp.  | 2.4% |

---

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  Corporate Bonds  | 93.9% |
|  Cash & Other  | 6.1% |

---

---

| | |
|:---|:---|
| **Credit Breakdown** **\*** | **(%)** |
|  AAA  | 5.0% |
|  BBB  | 24.1% |
|  BB  | 70.9% |

---

\* The bond quality ratings indicated are assigned by credit rating agencies Standard & Poor's and Moody's, as an indication of an issuer's creditworthiness. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). The highest credit quality rating available from these two rating agencies is used and is expressed in Standard & Poor's form above. Ratings of BB+, or its equivalent, and lower may be lumped into the Below IG category. Credit quality is subject to change. The Credit Breakdown may not sum to 100% in certain cases. To the extent derivative instruments are held and shown at full notional value, collateral will be assigned to its defined Credit Rating category. Cash & Cash Equivalents are generally defined as securities with an effective duration less than one year and rated investment grade.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Chartwell Short Duration High Yield Fund PAGE 2 TSR-AR-14214M435

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Chartwell Short Duration High Yield Fund PAGE 3 TSR-AR-14214M435

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Chartwell Short Duration High** **Yield Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class C \| CWFCX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Chartwell Short Duration High Yield Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class C | $157 | 1.52% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• During the year ending December 31, 2025, fund performance benefited from both tighter credit spreads and lower interest rates.

• Credit spreads widened briefly in the spring on tariff uncertainty but recovered by summer with greater clarity on how industries and individual companies could adjust their business plans.

• The portfolio's short duration focus, along with relatively high coupon income from corporate credits, worked well to contribute steady monthly returns throughout the year.

• While most of the fund's return was driven by coupon income, average price also appreciated, contributing to total return. The portfolio's effective duration shortened somewhat over the course of the year.

• Overall security selection contributed positively to the fund's relative performance, while sector allocation was a negative contributor.

• Overweight positions and good credit selection in the transportation and leisure sectors were the largest positive contributors to the fund's return. This was partially offset by weak contributions from underweight positions in consumer goods and automotive. Every sector contributed positive absolute returns for the year.

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?<sup>1</sup>**

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6266img003.jpg)

Carillon Chartwell Short Duration High Yield Fund PAGE 1 TSR-AR-14214M427

------

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | |
|:---|:---|:---|
|  | **1 Year** | **Since Inception**<br>**(04/26/2024)** |
| **Class C (without sales charge)**  | 5.94 | 5.96 |
| **Class C (with sales charge)**  | 5.94 | 5.96 |
| **Bloomberg U.S. Aggregate Bond Index**  | 7.30 | 7.09 |
| **ICE BofA 1-3 Year BB U.S. Cash Pay High Yield Index**  | 7.22 | 7.54 |
| **Bloomberg Intermediate Government/Credit Index**  | 6.97 | 6.87 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

---

| | |
|:---|:---|
| 1 | **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.* |

---

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $298079436 |
| **Number of Holdings** | 73 |
| **Net Advisory Fee** | $665587 |
| **Portfolio Turnover** | 36% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Block, Inc.  | 2.5% |
|  CCO Holdings LLC/CCO Holdings Capital Corp.  | 2.5% |
|  Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC  | 2.5% |
|  American Airlines, Inc./AAdvantage Loyalty IP Ltd.  | 2.5% |
|  Boyd Gaming Corp.  | 2.5% |
|  Darling Ingredients, Inc.  | 2.5% |
|  Kinetik Holdings LP  | 2.5% |
|  Teva Pharmaceutical Finance Netherlands III BV  | 2.5% |
|  Medline Borrower LP  | 2.4% |
|  OneMain Finance Corp.  | 2.4% |

---

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  Corporate Bonds  | 93.9% |
|  Cash & Other  | 6.1% |

---

---

| | |
|:---|:---|
| **Credit Breakdown** **\*** | **(%)** |
|  AAA  | 5.0% |
|  BBB  | 24.1% |
|  BB  | 70.9% |

---

\* The bond quality ratings indicated are assigned by credit rating agencies Standard & Poor's and Moody's, as an indication of an issuer's creditworthiness. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). The highest credit quality rating available from these two rating agencies is used and is expressed in Standard & Poor's form above. Ratings of BB+, or its equivalent, and lower may be lumped into the Below IG category. Credit quality is subject to change. The Credit Breakdown may not sum to 100% in certain cases. To the extent derivative instruments are held and shown at full notional value, collateral will be assigned to its defined Credit Rating category. Cash & Cash Equivalents are generally defined as securities with an effective duration less than one year and rated investment grade.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Chartwell Short Duration High Yield Fund PAGE 2 TSR-AR-14214M427

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Chartwell Short Duration High Yield Fund PAGE 3 TSR-AR-14214M427

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Chartwell Short Duration High** **Yield Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class I \| CWFIX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Chartwell Short Duration High Yield Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class I | $51 | 0.49% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• During the year ending December 31, 2025, fund performance benefited from both tighter credit spreads and lower interest rates.

• Credit spreads widened briefly in the spring on tariff uncertainty but recovered by summer with greater clarity on how industries and individual companies could adjust their business plans.

• The portfolio's short duration focus, along with relatively high coupon income from corporate credits, worked well to contribute steady monthly returns throughout the year.

• While most of the fund's return was driven by coupon income, average price also appreciated, contributing to total return. The portfolio's effective duration shortened somewhat over the course of the year.

• Overall security selection contributed positively to the fund's relative performance, while sector allocation was a negative contributor.

• Overweight positions and good credit selection in the transportation and leisure sectors were the largest positive contributors to the fund's return. This was partially offset by weak contributions from underweight positions in consumer goods and automotive. Every sector contributed positive absolute returns for the year.

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?<sup>1</sup>**

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6267img003.jpg)

Carillon Chartwell Short Duration High Yield Fund PAGE 1 TSR-AR-16140T400

------

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class I (without sales charge)**  | 6.99 | 3.88 | 4.23 |
| **Bloomberg U.S. Aggregate Bond Index**  | 7.30 | -0.36 | 2.01 |
| **ICE BofA 1-3 Year BB U.S. Cash Pay High Yield Index**  | 7.22 | 4.50 | 4.99 |
| **Bloomberg Intermediate U.S. Government/Credit Index**  | 6.97 | 0.96 | 2.29 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

---

| | |
|:---|:---|
| 1 | **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.* |

---

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $298079436 |
| **Number of Holdings** | 73 |
| **Net Advisory Fee** | $665587 |
| **Portfolio Turnover** | 36% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Block, Inc.  | 2.5% |
|  CCO Holdings LLC/CCO Holdings Capital Corp.  | 2.5% |
|  Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC  | 2.5% |
|  American Airlines, Inc./AAdvantage Loyalty IP Ltd.  | 2.5% |
|  Boyd Gaming Corp.  | 2.5% |
|  Darling Ingredients, Inc.  | 2.5% |
|  Kinetik Holdings LP  | 2.5% |
|  Teva Pharmaceutical Finance Netherlands III BV  | 2.5% |
|  Medline Borrower LP  | 2.4% |
|  OneMain Finance Corp.  | 2.4% |

---

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  Corporate Bonds  | 93.9% |
|  Cash & Other  | 6.1% |

---

---

| | |
|:---|:---|
| **Credit Breakdown** **\*** | **(%)** |
|  AAA  | 5.0% |
|  BBB  | 24.1% |
|  BB  | 70.9% |

---

\* The bond quality ratings indicated are assigned by credit rating agencies Standard & Poor's and Moody's, as an indication of an issuer's creditworthiness. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). The highest credit quality rating available from these two rating agencies is used and is expressed in Standard & Poor's form above. Ratings of BB+, or its equivalent, and lower may be lumped into the Below IG category. Credit quality is subject to change. The Credit Breakdown may not sum to 100% in certain cases. To the extent derivative instruments are held and shown at full notional value, collateral will be assigned to its defined Credit Rating category. Cash & Cash Equivalents are generally defined as securities with an effective duration less than one year and rated investment grade.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Chartwell Short Duration High Yield Fund PAGE 2 TSR-AR-16140T400

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Chartwell Short Duration High** **Yield Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class R-6 \| CWFRX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Chartwell Short Duration High Yield Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class R-6 | $40 | 0.39% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• During the year ending December 31, 2025, fund performance benefited from both tighter credit spreads and lower interest rates.

• Credit spreads widened briefly in the spring on tariff uncertainty but recovered by summer with greater clarity on how industries and individual companies could adjust their business plans.

• The portfolio's short duration focus, along with relatively high coupon income from corporate credits, worked well to contribute steady monthly returns throughout the year.

• While most of the fund's return was driven by coupon income, average price also appreciated, contributing to total return. The portfolio's effective duration shortened somewhat over the course of the year.

• Overall security selection contributed positively to the fund's relative performance, while sector allocation was a negative contributor.

• Overweight positions and good credit selection in the transportation and leisure sectors were the largest positive contributors to the fund's return. This was partially offset by weak contributions from underweight positions in consumer goods and automotive. Every sector contributed positive absolute returns for the year.

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?<sup>1</sup>**

The $1,000,000 chart reflects a hypothetical $1,000,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $1,000,000)

![image](ts6268img003.jpg)

Carillon Chartwell Short Duration High Yield Fund PAGE 1 TSR-AR-14214M419

------

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | |
|:---|:---|:---|
|  | **1 Year** | **Since Inception**<br>**(04/26/2024)** |
| **Class R-6 (without sales charge)**  | 7.10 | 7.12 |
| **Bloomberg U.S. Aggregate Bond Index**  | 7.30 | 7.09 |
| **ICE BofA 1-3 Year BB U.S. Cash Pay High Yield Index**  | 7.22 | 7.54 |
| **Bloomberg Intermediate U.S. Government/Credit Index**  | 6.97 | 6.87 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

---

| | |
|:---|:---|
| 1 | **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.* |

---

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $298079436 |
| **Number of Holdings** | 73 |
| **Net Advisory Fee** | $665587 |
| **Portfolio Turnover** | 36% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Block, Inc.  | 2.5% |
|  CCO Holdings LLC/CCO Holdings Capital Corp.  | 2.5% |
|  Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC  | 2.5% |
|  American Airlines, Inc./AAdvantage Loyalty IP Ltd.  | 2.5% |
|  Boyd Gaming Corp.  | 2.5% |
|  Darling Ingredients, Inc.  | 2.5% |
|  Kinetik Holdings LP  | 2.5% |
|  Teva Pharmaceutical Finance Netherlands III BV  | 2.5% |
|  Medline Borrower LP  | 2.4% |
|  OneMain Finance Corp.  | 2.4% |

---

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  Corporate Bonds  | 93.9% |
|  Cash & Other  | 6.1% |

---

---

| | |
|:---|:---|
| **Credit Breakdown** **\*** | **(%)** |
|  AAA  | 5.0% |
|  BBB  | 24.1% |
|  BB  | 70.9% |

---

\* The bond quality ratings indicated are assigned by credit rating agencies Standard & Poor's and Moody's, as an indication of an issuer's creditworthiness. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). The highest credit quality rating available from these two rating agencies is used and is expressed in Standard & Poor's form above. Ratings of BB+, or its equivalent, and lower may be lumped into the Below IG category. Credit quality is subject to change. The Credit Breakdown may not sum to 100% in certain cases. To the extent derivative instruments are held and shown at full notional value, collateral will be assigned to its defined Credit Rating category. Cash & Cash Equivalents are generally defined as securities with an effective duration less than one year and rated investment grade.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

Carillon Chartwell Short Duration High Yield Fund PAGE 2 TSR-AR-14214M419

------

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Chartwell Short Duration High Yield Fund PAGE 3 TSR-AR-14214M419

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Reams Core Bond Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class A \| CRCBX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Reams Core Bond Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class A | $78 | 0.75% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• Three consecutive 25 basis-point rate cuts by the Fed at the end of 2025 pushed short-term yields lower, bringing down the front end of the curve. Notably, the yield curve steepened as long-term rates remained elevated, normalizing the term structure. Despite the Fed's late-year dovish stance, longer-term inflation expectations remained largely in check. Nearly every fixed income sector experienced spread compression during the year. Investment-grade (IG) corporate credit, high-yield (HY) corporate credit, mortgage-backed securities (MBS), commercial mortgage-backed securities (CMBS), and asset-backed securities (ABS) sectors all posted strong, positive excess returns in 2025.

&nbsp;&nbsp;&nbsp;&nbsp;• Corporate credit and securitized credit were strong contributors to performance vs. the Bloomberg U.S. Aggregate Bond Index during the year. The tilt toward MBS contributed the most as the sector rallied notably toward the end of the year driven by lower interest rate volatility. The positioning in the belly of the coupon stack provided a further tailwind. An overweight to the IG credit sector, which outperformed, aided performance. A bias toward defensive sectors provided positive selection effects. The ABS sector, supported by favorable income characteristics, was another contributor. CMBS were marginally positive for the year. Duration positioning had a positive impact as rates generally declined across the curve.

&nbsp;&nbsp;&nbsp;&nbsp;• The only slight detractors in 2025 were yield curve positioning and an underweight to the government-related sector. On the macroeconomic front, yield curve positioning was a minor offset to positive effects from duration positioning.

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6299img003.jpg)

Carillon Reams Core Bond Fund PAGE 1 TSR-AR-14214L270

------

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Since Inception**<br>**(11/20/2017)** |
| **Class A (without sales charge)**  | 7.30 | -0.79 | 2.29 |
| **Class A (with sales charge)**  | 3.29 | -1.54 | 1.81 |
| **Bloomberg U.S. Aggregate Bond Index**  | 7.30 | -0.36 | 1.76 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $472836805 |
| **Number of Holdings** | 277 |
| **Net Advisory Fee** | $880207 |
| **Portfolio Turnover** | 430% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  Corporate Bonds  | 30.2% |
|  Asset-Backed Securities  | 24.7% |
|  U.S. Treasury Securities  | 22.2% |
|  Agency Mortgage-Backed Securities  | 18.6% |
|  Commercial Mortgage-Backed Securities  | 17.7% |
|  Cash & Other  | -13.4% |

---

---

| | |
|:---|:---|
| **Credit Breakdown** **\*** | **(%)** |
|  US GVT/AGENCY  | 41.1% |
|  AAA  | 28.2% |
|  AA  | 3.0% |
|  A  | 18.7% |
|  BBB  | 7.8% |
|  Cash & Cash Equivalent  | 1.2% |

---

\* The bond quality ratings indicated are assigned by credit rating agencies Standard & Poor's and Moody's, as an indication of an issuer's creditworthiness. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). The highest credit quality rating available from these two rating agencies is used and is expressed in Standard & Poor's form above. Ratings of BB+, or its equivalent, and lower may be lumped into the Below IG category. Credit quality is subject to change. The Credit Breakdown may not sum to 100% in certain cases. To the extent derivative instruments are held and shown at full notional value, collateral will be assigned to its defined Credit Rating category. Cash & Cash Equivalents are generally defined as securities with an effective duration less than one year and rated investment grade.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Reams Core Bond Fund PAGE 2 TSR-AR-14214L270

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Reams Core Bond Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class C \| CRCDX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Reams Core Bond Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class C | $155 | 1.50% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• Three consecutive 25 basis-point rate cuts by the Fed at the end of 2025 pushed short-term yields lower, bringing down the front end of the curve. Notably, the yield curve steepened as long-term rates remained elevated, normalizing the term structure. Despite the Fed's late-year dovish stance, longer-term inflation expectations remained largely in check. Nearly every fixed income sector experienced spread compression during the year. Investment-grade (IG) corporate credit, high-yield (HY) corporate credit, mortgage-backed securities (MBS), commercial mortgage-backed securities (CMBS), and asset-backed securities (ABS) sectors all posted strong, positive excess returns in 2025.

&nbsp;&nbsp;&nbsp;&nbsp;• Corporate credit and securitized credit were strong contributors to performance vs. the Bloomberg U.S. Aggregate Bond Index during the year. The tilt toward MBS contributed the most as the sector rallied notably toward the end of the year driven by lower interest rate volatility. The positioning in the belly of the coupon stack provided a further tailwind. An overweight to the IG credit sector, which outperformed, aided performance. A bias toward defensive sectors provided positive selection effects. The ABS sector, supported by favorable income characteristics, was another contributor. CMBS were marginally positive for the year. Duration positioning had a positive impact as rates generally declined across the curve.

&nbsp;&nbsp;&nbsp;&nbsp;• The only slight detractors in 2025 were yield curve positioning and an underweight to the government-related sector. On the macroeconomic front, yield curve positioning was a minor offset to positive effects from duration positioning.

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6300img003.jpg)

Carillon Reams Core Bond Fund PAGE 1 TSR-AR-14214L262

------

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Since Inception**<br>**(11/20/2017)** |
| **Class C (without sales charge)**  | 6.45 | -1.53 | 1.52 |
| **Class C (with sales charge)**  | 6.45 | -1.53 | 1.52 |
| **Bloomberg U.S. Aggregate Bond Index**  | 7.30 | -0.36 | 1.76 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $472836805 |
| **Number of Holdings** | 277 |
| **Net Advisory Fee** | $880207 |
| **Portfolio Turnover** | 430% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  Corporate Bonds  | 30.2% |
|  Asset-Backed Securities  | 24.7% |
|  U.S. Treasury Securities  | 22.2% |
|  Agency Mortgage-Backed Securities  | 18.6% |
|  Commercial Mortgage-Backed Securities  | 17.7% |
|  Cash & Other  | -13.4% |

---

---

| | |
|:---|:---|
| **Credit Breakdown** **\*** | **(%)** |
|  US GVT/AGENCY  | 41.1% |
|  AAA  | 28.2% |
|  AA  | 3.0% |
|  A  | 18.7% |
|  BBB  | 7.8% |
|  Cash & Cash Equivalent  | 1.2% |

---

\* The bond quality ratings indicated are assigned by credit rating agencies Standard & Poor's and Moody's, as an indication of an issuer's creditworthiness. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). The highest credit quality rating available from these two rating agencies is used and is expressed in Standard & Poor's form above. Ratings of BB+, or its equivalent, and lower may be lumped into the Below IG category. Credit quality is subject to change. The Credit Breakdown may not sum to 100% in certain cases. To the extent derivative instruments are held and shown at full notional value, collateral will be assigned to its defined Credit Rating category. Cash & Cash Equivalents are generally defined as securities with an effective duration less than one year and rated investment grade.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Reams Core Bond Fund PAGE 2 TSR-AR-14214L262

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Reams Core Bond Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class I \| SCCIX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Reams Core Bond Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class I | $47 | 0.45% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• Three consecutive 25 basis-point rate cuts by the Fed at the end of 2025 pushed short-term yields lower, bringing down the front end of the curve. Notably, the yield curve steepened as long-term rates remained elevated, normalizing the term structure. Despite the Fed's late-year dovish stance, longer-term inflation expectations remained largely in check. Nearly every fixed income sector experienced spread compression during the year. Investment-grade (IG) corporate credit, high-yield (HY) corporate credit, mortgage-backed securities (MBS), commercial mortgage-backed securities (CMBS), and asset-backed securities (ABS) sectors all posted strong, positive excess returns in 2025.

&nbsp;&nbsp;&nbsp;&nbsp;• Corporate credit and securitized credit were strong contributors to performance vs. the Bloomberg U.S. Aggregate Bond Index during the year. The tilt toward MBS contributed the most as the sector rallied notably toward the end of the year driven by lower interest rate volatility. The positioning in the belly of the coupon stack provided a further tailwind. An overweight to the IG credit sector, which outperformed, aided performance. A bias toward defensive sectors provided positive selection effects. The ABS sector, supported by favorable income characteristics, was another contributor. CMBS were marginally positive for the year. Duration positioning had a positive impact as rates generally declined across the curve.

&nbsp;&nbsp;&nbsp;&nbsp;• The only slight detractors in 2025 were yield curve positioning and an underweight to the government-related sector. On the macroeconomic front, yield curve positioning was a minor offset to positive effects from duration positioning.

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6297img003.jpg)

Carillon Reams Core Bond Fund PAGE 1 TSR-AR-14214L254

------

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class I (without sales charge)**  | 7.63 | -0.42 | 2.72 |
| **Bloomberg U.S. Aggregate Bond Index**  | 7.30 | -0.36 | 2.01 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $472836805 |
| **Number of Holdings** | 277 |
| **Net Advisory Fee** | $880207 |
| **Portfolio Turnover** | 430% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  Corporate Bonds  | 30.2% |
|  Asset-Backed Securities  | 24.7% |
|  U.S. Treasury Securities  | 22.2% |
|  Agency Mortgage-Backed Securities  | 18.6% |
|  Commercial Mortgage-Backed Securities  | 17.7% |
|  Cash & Other  | -13.4% |

---

---

| | |
|:---|:---|
| **Credit Breakdown** **\*** | **(%)** |
|  US GVT/AGENCY  | 41.1% |
|  AAA  | 28.2% |
|  AA  | 3.0% |
|  A  | 18.7% |
|  BBB  | 7.8% |
|  Cash & Cash Equivalent  | 1.2% |

---

\* The bond quality ratings indicated are assigned by credit rating agencies Standard & Poor's and Moody's, as an indication of an issuer's creditworthiness. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). The highest credit quality rating available from these two rating agencies is used and is expressed in Standard & Poor's form above. Ratings of BB+, or its equivalent, and lower may be lumped into the Below IG category. Credit quality is subject to change. The Credit Breakdown may not sum to 100% in certain cases. To the extent derivative instruments are held and shown at full notional value, collateral will be assigned to its defined Credit Rating category. Cash & Cash Equivalents are generally defined as securities with an effective duration less than one year and rated investment grade.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Reams Core Bond Fund PAGE 2 TSR-AR-14214L254

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Reams Core Bond Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class R-6 \| CRCUX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Reams Core Bond Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class R-6 | $36 | 0.35% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• Three consecutive 25 basis-point rate cuts by the Fed at the end of 2025 pushed short-term yields lower, bringing down the front end of the curve. Notably, the yield curve steepened as long-term rates remained elevated, normalizing the term structure. Despite the Fed's late-year dovish stance, longer-term inflation expectations remained largely in check. Nearly every fixed income sector experienced spread compression during the year. Investment-grade (IG) corporate credit, high-yield (HY) corporate credit, mortgage-backed securities (MBS), commercial mortgage-backed securities (CMBS), and asset-backed securities (ABS) sectors all posted strong, positive excess returns in 2025.

&nbsp;&nbsp;&nbsp;&nbsp;• Corporate credit and securitized credit were strong contributors to performance vs. the Bloomberg U.S. Aggregate Bond Index during the year. The tilt toward MBS contributed the most as the sector rallied notably toward the end of the year driven by lower interest rate volatility. The positioning in the belly of the coupon stack provided a further tailwind. An overweight to the IG credit sector, which outperformed, aided performance. A bias toward defensive sectors provided positive selection effects. The ABS sector, supported by favorable income characteristics, was another contributor. CMBS were marginally positive for the year. Duration positioning had a positive impact as rates generally declined across the curve.

&nbsp;&nbsp;&nbsp;&nbsp;• The only slight detractors in 2025 were yield curve positioning and an underweight to the government-related sector. On the macroeconomic front, yield curve positioning was a minor offset to positive effects from duration positioning.

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $1,000,000 chart reflects a hypothetical $1,000,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $1,000,000)

![image](ts6298img003.jpg)

Carillon Reams Core Bond Fund PAGE 1 TSR-AR-14214L221

------

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Since Inception**<br>**(11/20/2017)** |
| **Class R-6 (without sales charge)**  | 7.72 | -0.37 | 2.72 |
| **Bloomberg U.S. Aggregate Bond Index**  | 7.30 | -0.36 | 1.76 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $472836805 |
| **Number of Holdings** | 277 |
| **Net Advisory Fee** | $880207 |
| **Portfolio Turnover** | 430% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  Corporate Bonds  | 30.2% |
|  Asset-Backed Securities  | 24.7% |
|  U.S. Treasury Securities  | 22.2% |
|  Agency Mortgage-Backed Securities  | 18.6% |
|  Commercial Mortgage-Backed Securities  | 17.7% |
|  Cash & Other  | -13.4% |

---

---

| | |
|:---|:---|
| **Credit Breakdown** **\*** | **(%)** |
|  US GVT/AGENCY  | 41.1% |
|  AAA  | 28.2% |
|  AA  | 3.0% |
|  A  | 18.7% |
|  BBB  | 7.8% |
|  Cash & Cash Equivalent  | 1.2% |

---

\* The bond quality ratings indicated are assigned by credit rating agencies Standard & Poor's and Moody's, as an indication of an issuer's creditworthiness. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). The highest credit quality rating available from these two rating agencies is used and is expressed in Standard & Poor's form above. Ratings of BB+, or its equivalent, and lower may be lumped into the Below IG category. Credit quality is subject to change. The Credit Breakdown may not sum to 100% in certain cases. To the extent derivative instruments are held and shown at full notional value, collateral will be assigned to its defined Credit Rating category. Cash & Cash Equivalents are generally defined as securities with an effective duration less than one year and rated investment grade.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Reams Core Bond Fund PAGE 2 TSR-AR-14214L221

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Reams Core Plus Bond Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class A \| SCPDX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Reams Core Plus Bond Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class A | $83 | 0.80% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• Three consecutive 25 basis-point rate cuts by the Fed at the end of 2025 pushed short-term yields lower, bringing down the front end of the curve. Notably, the yield curve steepened as long-term rates remained elevated, normalizing the term structure. Despite the Fed's late-year dovish stance, longer-term inflation expectations remained largely in check. Nearly every fixed income sector experienced spread compression during the year. Investment-grade (IG) corporate credit, high-yield (HY) corporate credit, mortgage-backed securities (MBS), commercial mortgage-backed securities (CMBS), and asset-backed securities (ABS) sectors all posted strong, positive excess returns in 2025.

• Corporate credit and securitized credit were strong contributors to performance vs. the Bloomberg U.S. Aggregate Bond Index during the year. The tilt toward MBS contributed the most as the sector rallied notably toward the end of the year, driven by lower interest-rate volatility. The positioning in the belly of the coupon stack provided a further tailwind. An overweight to the IG credit sector, which outperformed, aided performance. A bias toward defensive sectors provided positive selection effects. Opportunistic exposure to HY corporate credit benefitted from strong sentiment in risk markets. The ABS sector, supported by favorable income characteristics, was another contributor. CMBS were marginally positive for the year. Emerging markets and non-U.S. dollar exposure were additive with the Latin American region performing well. In addition, the U.S. dollar was weaker against every G10 currency. Duration positioning had a positive impact as rates generally declined across the curve.

• The only slight detractor in 2025 was an underweight to the government-related sector, which outperformed during the year.

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6302img003.jpg)

Carillon Reams Core Plus Bond Fund PAGE 1 TSR-AR-14214M666

------

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Since Inception**<br>**(11/20/2017)** |
| **Class A (without sales charge)**  | 8.36 | -0.12 | 2.81 |
| **Class A (with sales charge)**  | 4.29 | -0.88 | 2.32 |
| **Bloomberg U.S. Aggregate Bond Index**  | 7.30 | -0.36 | 1.76 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $2041725297 |
| **Number of Holdings** | 311 |
| **Net Advisory Fee** | $4752811 |
| **Portfolio Turnover** | 440% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  U.S. Treasury Securities  | 30.0% |
|  Corporate Bonds  | 23.5% |
|  Asset-Backed Securities  | 23.0% |
|  Agency Mortgage-Backed Securities  | 17.8% |
|  Commercial Mortgage-Backed Securities  | 14.8% |
|  U.S. Treasury Bills  | 2.0% |
|  Foreign Government Debt Obligations  | 1.7% |
|  Medium-Term Notes  | 0.9% |
|  Credit Default Swaps  | 0.2% |
|  Cash & Other  | -13.9% |

---

---

| | |
|:---|:---|
| **Credit Breakdown** **\*** | **(%)** |
|  US GVT/AGENCY  | 48.2% |
|  AAA  | 24.3% |
|  AA  | 2.5% |
|  A  | 16.8% |
|  BBB  | 4.6% |
|  Below IG  | 4.3% |
|  Cash & Cash Equivalent  | 1.6% |

---

\* The bond quality ratings indicated are assigned by credit rating agencies Standard & Poor's and Moody's, as an indication of an issuer's creditworthiness. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). The highest credit quality rating available from these two rating agencies is used and is expressed in Standard & Poor's form above. Ratings of BB+, or its equivalent, and lower may be lumped into the Below IG category. Credit quality is subject to change. The Credit Breakdown may not sum to 100% in certain cases. To the extent derivative instruments are held and shown at full notional value, collateral will be assigned to its defined Credit Rating category. Cash & Cash Equivalents are generally defined as securities with an effective duration less than one year and rated investment grade.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Reams Core Plus Bond Fund PAGE 2 TSR-AR-14214M666

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Reams Core Plus Bond Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class C \| SCPEX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Reams Core Plus Bond Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class C | $161 | 1.55% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• Three consecutive 25 basis-point rate cuts by the Fed at the end of 2025 pushed short-term yields lower, bringing down the front end of the curve. Notably, the yield curve steepened as long-term rates remained elevated, normalizing the term structure. Despite the Fed's late-year dovish stance, longer-term inflation expectations remained largely in check. Nearly every fixed income sector experienced spread compression during the year. Investment-grade (IG) corporate credit, high-yield (HY) corporate credit, mortgage-backed securities (MBS), commercial mortgage-backed securities (CMBS), and asset-backed securities (ABS) sectors all posted strong, positive excess returns in 2025.

• Corporate credit and securitized credit were strong contributors to performance vs. the Bloomberg U.S. Aggregate Bond Index during the year. The tilt toward MBS contributed the most as the sector rallied notably toward the end of the year, driven by lower interest-rate volatility. The positioning in the belly of the coupon stack provided a further tailwind. An overweight to the IG credit sector, which outperformed, aided performance. A bias toward defensive sectors provided positive selection effects. Opportunistic exposure to HY corporate credit benefitted from strong sentiment in risk markets. The ABS sector, supported by favorable income characteristics, was another contributor. CMBS were marginally positive for the year. Emerging markets and non-U.S. dollar exposure were additive with the Latin American region performing well. In addition, the U.S. dollar was weaker against every G10 currency. Duration positioning had a positive impact as rates generally declined across the curve.

• The only slight detractor in 2025 was an underweight to the government-related sector, which outperformed during the year.

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6301img003.jpg)

Carillon Reams Core Plus Bond Fund PAGE 1 TSR-AR-14214M658

------

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Since Inception**<br>**(11/20/2017)** |
| **Class C (without sales charge)**  | 7.50 | -0.87 | 2.05 |
| **Class C (with sales charge)**  | 7.50 | -0.87 | 2.05 |
| **Bloomberg U.S. Aggregate Bond Index**  | 7.30 | -0.36 | 1.76 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $2041725297 |
| **Number of Holdings** | 311 |
| **Net Advisory Fee** | $4752811 |
| **Portfolio Turnover** | 440% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  U.S. Treasury Securities  | 30.0% |
|  Corporate Bonds  | 23.5% |
|  Asset-Backed Securities  | 23.0% |
|  Agency Mortgage-Backed Securities  | 17.8% |
|  Commercial Mortgage-Backed Securities  | 14.8% |
|  U.S. Treasury Bills  | 2.0% |
|  Foreign Government Debt Obligations  | 1.7% |
|  Medium-Term Notes  | 0.9% |
|  Credit Default Swaps  | 0.2% |
|  Cash & Other  | -13.9% |

---

---

| | |
|:---|:---|
| **Credit Breakdown** **\*** | **(%)** |
|  US GVT/AGENCY  | 48.2% |
|  AAA  | 24.3% |
|  AA  | 2.5% |
|  A  | 16.8% |
|  BBB  | 4.6% |
|  Below IG  | 4.3% |
|  Cash & Cash Equivalent  | 1.6% |

---

\* The bond quality ratings indicated are assigned by credit rating agencies Standard & Poor's and Moody's, as an indication of an issuer's creditworthiness. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). The highest credit quality rating available from these two rating agencies is used and is expressed in Standard & Poor's form above. Ratings of BB+, or its equivalent, and lower may be lumped into the Below IG category. Credit quality is subject to change. The Credit Breakdown may not sum to 100% in certain cases. To the extent derivative instruments are held and shown at full notional value, collateral will be assigned to its defined Credit Rating category. Cash & Cash Equivalents are generally defined as securities with an effective duration less than one year and rated investment grade.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Reams Core Plus Bond Fund PAGE 2 TSR-AR-14214M658

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Reams Core Plus Bond Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class I \| SCPZX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Reams Core Plus Bond Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class I | $52 | 0.50% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• Three consecutive 25 basis-point rate cuts by the Fed at the end of 2025 pushed short-term yields lower, bringing down the front end of the curve. Notably, the yield curve steepened as long-term rates remained elevated, normalizing the term structure. Despite the Fed's late-year dovish stance, longer-term inflation expectations remained largely in check. Nearly every fixed income sector experienced spread compression during the year. Investment-grade (IG) corporate credit, high-yield (HY) corporate credit, mortgage-backed securities (MBS), commercial mortgage-backed securities (CMBS), and asset-backed securities (ABS) sectors all posted strong, positive excess returns in 2025.

• Corporate credit and securitized credit were strong contributors to performance vs. the Bloomberg U.S. Aggregate Bond Index during the year. The tilt toward MBS contributed the most as the sector rallied notably toward the end of the year, driven by lower interest-rate volatility. The positioning in the belly of the coupon stack provided a further tailwind. An overweight to the IG credit sector, which outperformed, aided performance. A bias toward defensive sectors provided positive selection effects. Opportunistic exposure to HY corporate credit benefitted from strong sentiment in risk markets. The ABS sector, supported by favorable income characteristics, was another contributor. CMBS were marginally positive for the year. Emerging markets and non-U.S. dollar exposure were additive with the Latin American region performing well. In addition, the U.S. dollar was weaker against every G10 currency. Duration positioning had a positive impact as rates generally declined across the curve.

• The only slight detractor in 2025 was an underweight to the government-related sector, which outperformed during the year.

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6303img003.jpg)

Carillon Reams Core Plus Bond Fund PAGE 1 TSR-AR-14214M641

------

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class I (without sales charge)**  | 8.68 | 0.24 | 3.27 |
| **Bloomberg U.S. Aggregate Bond Index**  | 7.30 | -0.36 | 2.01 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $2041725297 |
| **Number of Holdings** | 311 |
| **Net Advisory Fee** | $4752811 |
| **Portfolio Turnover** | 440% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  U.S. Treasury Securities  | 30.0% |
|  Corporate Bonds  | 23.5% |
|  Asset-Backed Securities  | 23.0% |
|  Agency Mortgage-Backed Securities  | 17.8% |
|  Commercial Mortgage-Backed Securities  | 14.8% |
|  U.S. Treasury Bills  | 2.0% |
|  Foreign Government Debt Obligations  | 1.7% |
|  Medium-Term Notes  | 0.9% |
|  Credit Default Swaps  | 0.2% |
|  Cash & Other  | -13.9% |

---

---

| | |
|:---|:---|
| **Credit Breakdown** **\*** | **(%)** |
|  US GVT/AGENCY  | 48.2% |
|  AAA  | 24.3% |
|  AA  | 2.5% |
|  A  | 16.8% |
|  BBB  | 4.6% |
|  Below IG  | 4.3% |
|  Cash & Cash Equivalent  | 1.6% |

---

\* The bond quality ratings indicated are assigned by credit rating agencies Standard & Poor's and Moody's, as an indication of an issuer's creditworthiness. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). The highest credit quality rating available from these two rating agencies is used and is expressed in Standard & Poor's form above. Ratings of BB+, or its equivalent, and lower may be lumped into the Below IG category. Credit quality is subject to change. The Credit Breakdown may not sum to 100% in certain cases. To the extent derivative instruments are held and shown at full notional value, collateral will be assigned to its defined Credit Rating category. Cash & Cash Equivalents are generally defined as securities with an effective duration less than one year and rated investment grade.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Reams Core Plus Bond Fund PAGE 2 TSR-AR-14214M641

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Reams Core Plus Bond Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class R-6 \| SCPWX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Reams Core Plus Bond Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class R-6 | $42 | 0.40% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• Three consecutive 25 basis-point rate cuts by the Fed at the end of 2025 pushed short-term yields lower, bringing down the front end of the curve. Notably, the yield curve steepened as long-term rates remained elevated, normalizing the term structure. Despite the Fed's late-year dovish stance, longer-term inflation expectations remained largely in check. Nearly every fixed income sector experienced spread compression during the year. Investment-grade (IG) corporate credit, high-yield (HY) corporate credit, mortgage-backed securities (MBS), commercial mortgage-backed securities (CMBS), and asset-backed securities (ABS) sectors all posted strong, positive excess returns in 2025.

• Corporate credit and securitized credit were strong contributors to performance vs. the Bloomberg U.S. Aggregate Bond Index during the year. The tilt toward MBS contributed the most as the sector rallied notably toward the end of the year, driven by lower interest-rate volatility. The positioning in the belly of the coupon stack provided a further tailwind. An overweight to the IG credit sector, which outperformed, aided performance. A bias toward defensive sectors provided positive selection effects. Opportunistic exposure to HY corporate credit benefitted from strong sentiment in risk markets. The ABS sector, supported by favorable income characteristics, was another contributor. CMBS were marginally positive for the year. Emerging markets and non-U.S. dollar exposure were additive with the Latin American region performing well. In addition, the U.S. dollar was weaker against every G10 currency. Duration positioning had a positive impact as rates generally declined across the curve.

• The only slight detractor in 2025 was an underweight to the government-related sector, which outperformed during the year.

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $1,000,000 chart reflects a hypothetical $1,000,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $1,000,000)

![image](ts6304img003.jpg)

Carillon Reams Core Plus Bond Fund PAGE 1 TSR-AR-14214M617

------

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Since Inception**<br>**(11/20/2017)** |
| **Class R-6 (without sales charge)**  | 8.75 | 0.27 | 3.23 |
| **Bloomberg U.S. Aggregate Bond Index**  | 7.30 | -0.36 | 1.76 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $2041725297 |
| **Number of Holdings** | 311 |
| **Net Advisory Fee** | $4752811 |
| **Portfolio Turnover** | 440% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  U.S. Treasury Securities  | 30.0% |
|  Corporate Bonds  | 23.5% |
|  Asset-Backed Securities  | 23.0% |
|  Agency Mortgage-Backed Securities  | 17.8% |
|  Commercial Mortgage-Backed Securities  | 14.8% |
|  U.S. Treasury Bills  | 2.0% |
|  Foreign Government Debt Obligations  | 1.7% |
|  Medium-Term Notes  | 0.9% |
|  Credit Default Swaps  | 0.2% |
|  Cash & Other  | -13.9% |

---

---

| | |
|:---|:---|
| **Credit Breakdown** **\*** | **(%)** |
|  US GVT/AGENCY  | 48.2% |
|  AAA  | 24.3% |
|  AA  | 2.5% |
|  A  | 16.8% |
|  BBB  | 4.6% |
|  Below IG  | 4.3% |
|  Cash & Cash Equivalent  | 1.6% |

---

\* The bond quality ratings indicated are assigned by credit rating agencies Standard & Poor's and Moody's, as an indication of an issuer's creditworthiness. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). The highest credit quality rating available from these two rating agencies is used and is expressed in Standard & Poor's form above. Ratings of BB+, or its equivalent, and lower may be lumped into the Below IG category. Credit quality is subject to change. The Credit Breakdown may not sum to 100% in certain cases. To the extent derivative instruments are held and shown at full notional value, collateral will be assigned to its defined Credit Rating category. Cash & Cash Equivalents are generally defined as securities with an effective duration less than one year and rated investment grade.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Reams Core Plus Bond Fund PAGE 2 TSR-AR-14214M617

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Reams Unconstrained Bond Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class A \| SUBDX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Reams Unconstrained Bond Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class A | $95 | 0.90% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• Three consecutive 25 basis-point rate cuts by the Fed at the end of 2025 pushed short-term yields lower, bringing down the front end of the curve. Notably, the yield curve steepened as long-term rates remained elevated, normalizing the term structure. Despite the Fed's late-year dovish stance, longer-term inflation expectations remained largely in check. Nearly every fixed income sector experienced spread compression during the year. Investment-grade (IG) corporate credit, high-yield (HY) corporate credit, mortgage-backed securities (MBS), commercial mortgage-backed securities (CMBS), and asset-backed securities (ABS) sectors all posted strong, positive excess returns in 2025.

• Corporate credit and securitized credit were strong contributors to performance during the year. The tilt toward MBS contributed the most as the sector rallied notably toward the end of the year, driven by lower interest-rate volatility. The positioning in the belly of the coupon stack provided a further tailwind. The allocation to the IG credit sector, which performed well amid strong demand, aided performance. A bias toward defensive sectors provided positive selection effects. Opportunistic exposure to HY corporate credit benefitted from strong sentiment in risk markets. Emerging markets and non-U.S. dollar exposure were additive with the Latin American region performing well. In addition, the U.S. dollar was weaker against every G10 currency. The ABS sector, supported by favorable income characteristics, was another contributor. CMBS were marginally positive for the year. Duration positioning had a positive impact as rates generally declined across the curve.

• The only slight detractor in 2025 was yield curve positioning. On the macroeconomic front, yield curve positioning was a minor offset to positive effects from duration positioning.

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6308img003.jpg)

Carillon Reams Unconstrained Bond Fund PAGE 1 TSR-AR-14214M740

------

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Since Inception**<br>**(11/20/2017)** |
| **Class A (without sales charge)**  | 10.17 | 3.19 | 4.03 |
| **Class A (with sales charge)**  | 6.07 | 2.39 | 3.54 |
| **Bloomberg U.S. Aggregate Bond Index**  | 7.30 | -0.36 | 1.76 |
| **ICE BofA US 3-Month Treasury Bill Index**  | 4.21 | 3.19 | 2.58 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $2163994253 |
| **Number of Holdings** | 270 |
| **Net Advisory Fee** | $6441079 |
| **Portfolio Turnover** | 428% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  U.S. Treasury Securities  | 31.3% |
|  Commercial Mortgage-Backed Securities  | 17.9% |
|  Agency Mortgage-Backed Securities  | 14.8% |
|  Asset-Backed Securities  | 12.5% |
|  Corporate Bonds  | 11.5% |
|  Foreign Government Debt Obligations  | 5.9% |
|  Medium-Term Notes  | 1.6% |
|  Credit Default Swaps  | 0.5% |
|  Interest Rate Swaps  | 0.4% |
|  Cash & Other  | 3.6% |

---

---

| | |
|:---|:---|
| **Credit Breakdown** **\*** | **(%)** |
|  US GVT/AGENCY  | 46.8% |
|  AAA  | 28.9% |
|  AA  | 2.1% |
|  A  | 8.0% |
|  BBB  | 2.9% |
|  Below IG  | 12.1% |
|  Cash & Cash Equivalent  | 4.6% |

---

\* The bond quality ratings indicated are assigned by credit rating agencies Standard & Poor's and Moody's, as an indication of an issuer's creditworthiness. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). The highest credit quality rating available from these two rating agencies is used and is expressed in Standard & Poor's form above. Ratings of BB+, or its equivalent, and lower may be lumped into the Below IG category. Credit quality is subject to change. The Credit Breakdown may not sum to 100% in certain cases. To the extent derivative instruments are held and shown at full notional value, collateral will be assigned to its defined Credit Rating category. Cash & Cash Equivalents are generally defined as securities with an effective duration less than one year and rated investment grade.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Reams Unconstrained Bond Fund PAGE 2 TSR-AR-14214M740

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Reams Unconstrained Bond Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class C \| SUBEX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Reams Unconstrained Bond Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class C | $173 | 1.65% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• Three consecutive 25 basis-point rate cuts by the Fed at the end of 2025 pushed short-term yields lower, bringing down the front end of the curve. Notably, the yield curve steepened as long-term rates remained elevated, normalizing the term structure. Despite the Fed's late-year dovish stance, longer-term inflation expectations remained largely in check. Nearly every fixed income sector experienced spread compression during the year. Investment-grade (IG) corporate credit, high-yield (HY) corporate credit, mortgage-backed securities (MBS), commercial mortgage-backed securities (CMBS), and asset-backed securities (ABS) sectors all posted strong, positive excess returns in 2025.

• Corporate credit and securitized credit were strong contributors to performance during the year. The tilt toward MBS contributed the most as the sector rallied notably toward the end of the year, driven by lower interest-rate volatility. The positioning in the belly of the coupon stack provided a further tailwind. The allocation to the IG credit sector, which performed well amid strong demand, aided performance. A bias toward defensive sectors provided positive selection effects. Opportunistic exposure to HY corporate credit benefitted from strong sentiment in risk markets. Emerging markets and non-U.S. dollar exposure were additive with the Latin American region performing well. In addition, the U.S. dollar was weaker against every G10 currency. The ABS sector, supported by favorable income characteristics, was another contributor. CMBS were marginally positive for the year. Duration positioning had a positive impact as rates generally declined across the curve.

• The only slight detractor in 2025 was yield curve positioning. On the macroeconomic front, yield curve positioning was a minor offset to positive effects from duration positioning.

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6305img003.jpg)

Carillon Reams Unconstrained Bond Fund PAGE 1 TSR-AR-14214M732

------

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Since Inception**<br>**(11/20/2017)** |
| **Class C (without sales charge)**  | 9.43 | 2.41 | 3.25 |
| **Class C (with sales charge)**  | 9.43 | 2.41 | 3.25 |
| **Bloomberg U.S. Aggregate Bond Index**  | 7.30 | -0.36 | 1.76 |
| **ICE BofA US 3-Month Treasury Bill Index**  | 4.21 | 3.19 | 2.58 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $2163994253 |
| **Number of Holdings** | 270 |
| **Net Advisory Fee** | $6441079 |
| **Portfolio Turnover** | 428% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  U.S. Treasury Securities  | 31.3% |
|  Commercial Mortgage-Backed Securities  | 17.9% |
|  Agency Mortgage-Backed Securities  | 14.8% |
|  Asset-Backed Securities  | 12.5% |
|  Corporate Bonds  | 11.5% |
|  Foreign Government Debt Obligations  | 5.9% |
|  Medium-Term Notes  | 1.6% |
|  Credit Default Swaps  | 0.5% |
|  Interest Rate Swaps  | 0.4% |
|  Cash & Other  | 3.6% |

---

---

| | |
|:---|:---|
| **Credit Breakdown** **\*** | **(%)** |
|  US GVT/AGENCY  | 46.8% |
|  AAA  | 28.9% |
|  AA  | 2.1% |
|  A  | 8.0% |
|  BBB  | 2.9% |
|  Below IG  | 12.1% |
|  Cash & Cash Equivalent  | 4.6% |

---

\* The bond quality ratings indicated are assigned by credit rating agencies Standard & Poor's and Moody's, as an indication of an issuer's creditworthiness. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). The highest credit quality rating available from these two rating agencies is used and is expressed in Standard & Poor's form above. Ratings of BB+, or its equivalent, and lower may be lumped into the Below IG category. Credit quality is subject to change. The Credit Breakdown may not sum to 100% in certain cases. To the extent derivative instruments are held and shown at full notional value, collateral will be assigned to its defined Credit Rating category. Cash & Cash Equivalents are generally defined as securities with an effective duration less than one year and rated investment grade.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Reams Unconstrained Bond Fund PAGE 2 TSR-AR-14214M732

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Reams Unconstrained Bond Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class I \| SUBFX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Reams Unconstrained Bond Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class I | $63 | 0.60% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• Three consecutive 25 basis-point rate cuts by the Fed at the end of 2025 pushed short-term yields lower, bringing down the front end of the curve. Notably, the yield curve steepened as long-term rates remained elevated, normalizing the term structure. Despite the Fed's late-year dovish stance, longer-term inflation expectations remained largely in check. Nearly every fixed income sector experienced spread compression during the year. Investment-grade (IG) corporate credit, high-yield (HY) corporate credit, mortgage-backed securities (MBS), commercial mortgage-backed securities (CMBS), and asset-backed securities (ABS) sectors all posted strong, positive excess returns in 2025.

• Corporate credit and securitized credit were strong contributors to performance during the year. The tilt toward MBS contributed the most as the sector rallied notably toward the end of the year, driven by lower interest-rate volatility. The positioning in the belly of the coupon stack provided a further tailwind. The allocation to the IG credit sector, which performed well amid strong demand, aided performance. A bias toward defensive sectors provided positive selection effects. Opportunistic exposure to HY corporate credit benefitted from strong sentiment in risk markets. Emerging markets and non-U.S. dollar exposure were additive with the Latin American region performing well. In addition, the U.S. dollar was weaker against every G10 currency. The ABS sector, supported by favorable income characteristics, was another contributor. CMBS were marginally positive for the year. Duration positioning had a positive impact as rates generally declined across the curve.

• The only slight detractor in 2025 was yield curve positioning. On the macroeconomic front, yield curve positioning was a minor offset to positive effects from duration positioning.

**HOW DID THE FUND PERFORM** **OVER THE PAST 10 YEARS?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6306img003.jpg)

Carillon Reams Unconstrained Bond Fund PAGE 1 TSR-AR-14214M724

------

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** |
| **Class I (without sales charge)**  | 10.61 | 3.50 | 4.30 |
| **Bloomberg U.S. Aggregate Bond Index**  | 7.30 | -0.36 | 2.01 |
| **ICE BofA US 3-Month Treasury Bill Index**  | 4.21 | 3.19 | 2.19 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $2163994253 |
| **Number of Holdings** | 270 |
| **Net Advisory Fee** | $6441079 |
| **Portfolio Turnover** | 428% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  U.S. Treasury Securities  | 31.3% |
|  Commercial Mortgage-Backed Securities  | 17.9% |
|  Agency Mortgage-Backed Securities  | 14.8% |
|  Asset-Backed Securities  | 12.5% |
|  Corporate Bonds  | 11.5% |
|  Foreign Government Debt Obligations  | 5.9% |
|  Medium-Term Notes  | 1.6% |
|  Credit Default Swaps  | 0.5% |
|  Interest Rate Swaps  | 0.4% |
|  Cash & Other  | 3.6% |

---

---

| | |
|:---|:---|
| **Credit Breakdown** **\*** | **(%)** |
|  US GVT/AGENCY  | 46.8% |
|  AAA  | 28.9% |
|  AA  | 2.1% |
|  A  | 8.0% |
|  BBB  | 2.9% |
|  Below IG  | 12.1% |
|  Cash & Cash Equivalent  | 4.6% |

---

\* The bond quality ratings indicated are assigned by credit rating agencies Standard & Poor's and Moody's, as an indication of an issuer's creditworthiness. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). The highest credit quality rating available from these two rating agencies is used and is expressed in Standard & Poor's form above. Ratings of BB+, or its equivalent, and lower may be lumped into the Below IG category. Credit quality is subject to change. The Credit Breakdown may not sum to 100% in certain cases. To the extent derivative instruments are held and shown at full notional value, collateral will be assigned to its defined Credit Rating category. Cash & Cash Equivalents are generally defined as securities with an effective duration less than one year and rated investment grade.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Reams Unconstrained Bond Fund PAGE 2 TSR-AR-14214M724

------

---

| | | |
|:---|:---|:---|
| ![image](img281859_202412231413327.jpg) | **Carillon Reams Unconstrained Bond Fund**  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Class R-6 \| SUBTX  | ![image](img281769_n20250715171399.jpg) |
| ![image](img281859_202412231413327.jpg) | Annual Shareholder Report \| December 31, 2025  | ![image](img281769_n20250715171399.jpg) |

---

This annual shareholder report contains important information about the Carillon Reams Unconstrained Bond Fund (the "Fund") for the period of January 1, 2025 to December 31, 2025. You can find additional information about the Fund at https://www.carillontower.com/our-funds/fund-literature/. You can also request this information by contacting us at 800.421.4184.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class R-6 | $54 | 0.51% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

&nbsp;&nbsp;&nbsp;&nbsp;• Three consecutive 25 basis-point rate cuts by the Fed at the end of 2025 pushed short-term yields lower, bringing down the front end of the curve. Notably, the yield curve steepened as long-term rates remained elevated, normalizing the term structure. Despite the Fed's late-year dovish stance, longer-term inflation expectations remained largely in check. Nearly every fixed income sector experienced spread compression during the year. Investment-grade (IG) corporate credit, high-yield (HY) corporate credit, mortgage-backed securities (MBS), commercial mortgage-backed securities (CMBS), and asset-backed securities (ABS) sectors all posted strong, positive excess returns in 2025.

• Corporate credit and securitized credit were strong contributors to performance during the year. The tilt toward MBS contributed the most as the sector rallied notably toward the end of the year, driven by lower interest-rate volatility. The positioning in the belly of the coupon stack provided a further tailwind. The allocation to the IG credit sector, which performed well amid strong demand, aided performance. A bias toward defensive sectors provided positive selection effects. Opportunistic exposure to HY corporate credit benefitted from strong sentiment in risk markets. Emerging markets and non-U.S. dollar exposure were additive with the Latin American region performing well. In addition, the U.S. dollar was weaker against every G10 currency. The ABS sector, supported by favorable income characteristics, was another contributor. CMBS were marginally positive for the year. Duration positioning had a positive impact as rates generally declined across the curve.

• The only slight detractor in 2025 was yield curve positioning. On the macroeconomic front, yield curve positioning was a minor offset to positive effects from duration positioning.

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $1,000,000 chart reflects a hypothetical $1,000,000 investment in the class of shares noted and assumes the maximum sales charge, when applicable. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $1,000,000)

![image](ts6307img003.jpg)

Carillon Reams Unconstrained Bond Fund PAGE 1 TSR-AR-14214M682

------

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **Since Inception**<br>**(11/20/2017)** |
| **Class R-6 (without sales charge)**  | 10.72 | 3.60 | 4.44 |
| **Bloomberg U.S. Aggregate Bond Index**  | 7.30 | -0.36 | 1.76 |
| **ICE BofA US 3-Month Treasury Bill Index**  | 4.21 | 3.19 | 2.58 |

---

Visit https://www.rjinvestmentmanagement.com/our-funds/fund-pricing-and-performance for recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** *The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.*

**KEY FUND STATISTICS** (as of December 31, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $2163994253 |
| **Number of Holdings** | 270 |
| **Net Advisory Fee** | $6441079 |
| **Portfolio Turnover** | 428% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets, as of December 31, 2025)

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  U.S. Treasury Securities  | 31.3% |
|  Commercial Mortgage-Backed Securities  | 17.9% |
|  Agency Mortgage-Backed Securities  | 14.8% |
|  Asset-Backed Securities  | 12.5% |
|  Corporate Bonds  | 11.5% |
|  Foreign Government Debt Obligations  | 5.9% |
|  Medium-Term Notes  | 1.6% |
|  Credit Default Swaps  | 0.5% |
|  Interest Rate Swaps  | 0.4% |
|  Cash & Other  | 3.6% |

---

---

| | |
|:---|:---|
| **Credit Breakdown** **\*** | **(%)** |
|  US GVT/AGENCY  | 46.8% |
|  AAA  | 28.9% |
|  AA  | 2.1% |
|  A  | 8.0% |
|  BBB  | 2.9% |
|  Below IG  | 12.1% |
|  Cash & Cash Equivalent  | 4.6% |

---

\* The bond quality ratings indicated are assigned by credit rating agencies Standard & Poor's and Moody's, as an indication of an issuer's creditworthiness. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). The highest credit quality rating available from these two rating agencies is used and is expressed in Standard & Poor's form above. Ratings of BB+, or its equivalent, and lower may be lumped into the Below IG category. Credit quality is subject to change. The Credit Breakdown may not sum to 100% in certain cases. To the extent derivative instruments are held and shown at full notional value, collateral will be assigned to its defined Credit Rating category. Cash & Cash Equivalents are generally defined as securities with an effective duration less than one year and rated investment grade.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy information, scan the QR code or visit https://www.carillontower.com/our-funds/fund-literature/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Carillon Tower Advisers, Inc. documents not be householded, please contact Carillon Tower Advisers, Inc. at 800.421.4184, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Carillon Tower Advisers, Inc. or your financial intermediary.

Carillon Reams Unconstrained Bond Fund PAGE 2 TSR-AR-14214M682

------

**Item 1. Reports to Shareholders (Continued)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable to the Trust.

**Item 2. Code of Ethics**

As of the end of the fiscal period <u>December 31, 2025</u>, Carillon Series Trust (the "Trust") has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to the Principal Executive Officer and Principal Financial Officer. The Trust has not made any amendments to its code of ethics during the covered period, other than technical, administrative, and other non-substantive amendments. The Trust has not granted any waivers from any provisions of the code of ethics during the covered period. A copy of this code of ethics is filed as an exhibit to this Form N-CSR.

**Item 3. Audit Committee Financial Expert**

The Trust's Board of Trustees ("Board") has determined that Liana Marante is an audit committee financial expert, as defined in Item 3 of Form N-CSR, serving on its audit committee. Ms. Marante is independent for purposes of Item 3 of Form N-CSR.

**Item 4. Principal Accountant Fees and Services**<sup>1</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Audit Fees

The aggregate fees billed by the Trust's independent public accountant, PricewaterhouseCoopers LLP ("PwC"), for professional services rendered in connection with the audit of the Trust's annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements were <u>$492,000</u> for the fiscal period ended <u>December 31, 2024,</u> and <u>$556,000</u> for the fiscal period ended <u>December 31, 2025</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Audit-Related Fees

There were no aggregate fees PwC billed to the Trust for assurance and related services which are reasonably related to the performance of the Trust's audit and are not reported under Item 4(a) for the fiscal periods ended <u>December 31, 2024,</u> and <u>December 31, 2025</u>. The aggregate fees PwC billed to the Trust's investment adviser and any entity controlling, controlled by, or under common control with the Trust's investment adviser for assurance and other services directly related to the operations and financial reporting of the Trust were <u>$0</u> for the fiscal period ended <u>December 31, 2024,</u> and <u>$0</u> for the fiscal period ended <u>December 31, 2025.</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Tax Fees

The aggregate tax fees PwC billed to the Trust for tax compliance, tax advice, and tax planning services were <u>$106,000</u> for the fiscal period ended <u>December 31, 2024</u>, and <u>$110,000</u> for the fiscal period ended <u>December 31, 2025</u>. There were no aggregate tax fees PwC billed to the Trust's investment adviser and any entity controlling, controlled by, or under common control with the Trust's investment adviser for services directly related to the operations and financial reporting of the Trust for the fiscal periods ended <u>December 31, 2024, and December 31, 2025</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) All Other Fees

For the fiscal periods ended <u>December 31, 2024</u>, and <u>December 31, 2025</u>, the Trust paid PwC no other fees. There were no aggregate fees PwC billed to the Trust's investment adviser and any entity controlling, controlled by, or under common control with the Trust's investment adviser for any other services directly related to the operations and financial reporting of the Trust for the fiscal periods ended <u>December 31, 2024</u>, and <u>December 31, 2025</u>.

<sup>1</sup> All accountant fees and services amounts are rounded to the nearest whole thousand.

(e)(1) The Trust's Audit Committee Charter provides that the Audit Committee (comprised of Independent Trustees of the Trust) is responsible for pre-approval of all auditing services performed for the Trust. The Audit Committee reports to the Board regarding its approval of the engagement of the auditor and the proposed fees for the engagement, and the majority of the Board (including the majority of the members of the Board who are Independent Trustees) must approve the auditor at an in-person meeting. The Audit Committee also is responsible for pre-approval (subject to the *de minimis* exception for non-audit services described in the Securities Exchange Act of 1934, as amended, and applicable rules thereunder, and that are not expecting to exceed $5,000) of all non-auditing services performed for the Trust or for any service affiliate of the Trust that relates directly to the operations and financial reporting of the Trust. The Trust's Audit Committee Charter also permits a designated member of the Audit Committee to pre-approve, between meetings, one or more non-audit service projects, subject to ratification by the Audit Committee at the next meeting of the Audit Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Trust's Audit Committee pre-approved all fees described above which PwC billed to the Trust.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Less than 50% of the hours billed by PwC for auditing services to the Trust for the fiscal period ended <u>December 31, 2025</u>, were for work performed by persons other than full-time, permanent employees of PwC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) There were no aggregate non-audit fees billed by PwC to the Trust and to the Trust's investment adviser and any entity controlling, controlled by, or under common control with the Trust's investment adviser that provides ongoing services to the Trust for the fiscal periods ended <u>December 31, 2024</u>, and <u>December 31, 2025</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The Trust's Audit Committee has considered the non-audit services provided to the Trust and the Trust's investment adviser and any entity controlling, controlled by, or under common control with the Trust's investment adviser that provides ongoing services to the Trust as described above and determined that these services do not compromise PwC's independence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Not applicable.

**Item 5. Audit Committee of Listed Registrants**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Board has established a separately designated standing audit committee in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934, as amended. Its members are Liana Marante (Chair), Deborah L. Talbot, PhD and Jerry A. Webman, PhD.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable to the Registrant.

**Item 6. Investments**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The complete schedule of investments is included in Item 7 of this Form N-CSR.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable.

**Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies**

(a)-(b). The Registrant's Financial Statements and Financial Highlights for the period ended December 31, 2025, are as follows:

![](efp22706_cover-logo.jpg)

**RJ Eagle Municipal Income ETF** 

**RJ Eagle Vertical Income ETF**

**RJ Eagle GCM Dividend Select Income ETF**

Core Financial Statements

December 31, 2025

------

**TABLE OF CONTENTS** 

---

| | |
|:---|:---|
|  | **Page** |
| [Schedule of Investments](#soi11)<br>|  |
| &nbsp;&nbsp;&nbsp; [RJ Eagle Municipal Income ETF](#soi11) | [1](#soi11) |
| &nbsp;&nbsp;&nbsp; [RJ Eagle Vertical Income ETF](#soi21) | [4](#soi21) |
| &nbsp;&nbsp;&nbsp; [RJ Eagle GCM Dividend Select Income ETF](#soi31) | [7](#soi31) |
| [Statements of Assets and Liabilities](#sal1) | [9](#sal1) |
| [Statements of Operations](#sop1) | [10](#sop1) |
| [Statements of Changes in Net Assets](#scna1) | [11](#scna1) |
| [Financial Highlights](#fihi1) | [12](#fihi1) |
| [Notes to Financial Statements](#notes1) | [15](#notes1) |
| [Report of Independent Registered Public Accounting Firm](#report1) | [24](#report1) |
| [2025 Federal Tax Notice](#tn11) | [25](#tn11) |
| [Additional Information](#addinf1) | [26](#addinf1) |

---

------

**[**TABLE OF CONTENTS**](#TOC1)**

**RJ EAGLE MUNICIPAL INCOME ETF** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **MUNICIPAL BONDS — 98.4%**<br>|  |  |
| **Alabama — 3.3%**<br>|  |  |
|  Albertville Board of Education, 4.40%, 02/01/2045 | $130000 | $129775  |
|  Southeast Energy Authority A Cooperative District, 5.25%, 11/01/2055<sup>(a)</sup> | 500000 | 549726  |
|  |  | 679501  |
| **Arizona — 4.1%**<br>|  |  |
|  City of Phoenix Civic Improvement Corp., 4.00%, 07/01/2038<sup>(b)</sup> | 395000 | 394465  |
| &nbsp;&nbsp;&nbsp; Industrial Development Authority of <br>the County of Pima, 5.00%, 07/01/2037 (Obligor: Ctr For Academic Success) | 430000 | 438182  |
|  |  | 832647  |
| **Arkansas — 0.9%**<br>|  |  |
|  Arkansas Development Finance Authority, 5.00%, 09/01/2037 (Obligor: Baptist Mem Hlth Oblg Grp) | 75000 | 77620  |
|  University of Arkansas, 5.00%, 11/01/2037 (Obligor: Univ Of Ar Fayetteville) | 100000 | 113490  |
|  |  | 191110  |
| **California — 7.1%**<br>|  |  |
|  California Municipal Finance Authority, 5.00%, 01/01/2036 (Obligor: Northern Calif Ret Ofcrs) | 270000 | 280387  |
|  California Statewide Communities Development Authority<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/02/2038 | 515000 | 546207  |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/01/2046 (Obligor: Montage Health Oblig Grp) | 495000 | 488309  |
|  El Dorado Irrigation District, 4.00%, 03/01/2046 | 145000 | 138936  |
|  |  | 1453839  |
| **Colorado — 4.4%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; City of Colorado Springs CO Utilities System Revenue, <br>5.00%, 11/15/2048 | 450000 | 460496  |
|  City of Fort Collins CO Electric Utility Enterprise Revenue, 5.00%, 12/01/2039 | 95000 | 98579  |
|  Colorado Health Facilities Authority, 4.00%, 08/01/2038 (Obligor: Commonspirit Hlth Oblig) | 240000 | 239815  |
|  Park Creek Metropolitan District, 5.00%, 12/01/2038 | 95000 | 103869  |
|  |  | 902759  |
| **Florida — 13.2%**<br>|  |  |
|  City of Jacksonville FL, 5.00%, 08/15/2033 (Obligor: Baptist Hlth Sys Oblg Grp) | 105000 | 107952  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
|  City of Pensacola FL Airport Revenue, 5.25%, 10/01/2041<sup>(b)</sup> | $275000 | $299191  |
| &nbsp;&nbsp;&nbsp; City of Sunrise FL, <br>3.00%, 10/01/2050 | 495000 | 369567  |
|  County of Broward FL Port Facilities Revenue, 5.00%, 09/01/2034<sup>(b)</sup> | 200000 | 217688  |
|  County of Lee FL Airport Revenue, 5.00%, 10/01/2032<sup>(b)</sup> | 70000 | 76454  |
|  County of Miami-Dade Seaport Department, 5.00%, 10/01/2034<sup>(b)</sup> | 85000 | 92616  |
|  Florida Development Finance Corp., 5.00%, 02/01/2037 (Obligor: Shands Jacksonville Oblig) | 465000 | 489597  |
|  Florida Higher Educational Facilities Financing Authority, 5.00%, 10/01/2036 (Obligor: Florida Institute Of Tech) | 110000 | 113592  |
| Greater Orlando Aviation Authority<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 11/01/2034 (Obligor: United Airlines Inc)<sup>(b)</sup> | 500000 | 535977  |
| &nbsp;&nbsp;&nbsp; 5.25%, 10/01/2045<sup>(b)</sup> | 160000 | 168655  |
|  School District of Broward County/FL, 5.00%, 07/01/2034 | 210000 | 216040  |
|  |  | 2687329  |
| **Georgia — 2.9%**<br>|  |  |
|  Atlanta Urban Residential Finance Authority, 4.95%, 06/01/2046 (Obligor: Ccp Residential I Llc) | 100000 | 101637  |
|  Main Street Natural Gas, Inc., 5.00%, 12/01/2054<sup>(a)</sup> | 455000 | 487358  |
|  |  | 588995  |
| **Illinois — 8.7%**<br>|  |  |
|  Chicago Board of Education, 5.00%, 12/01/2034 | 100000 | 100390  |
| City of Chicago IL, 5.00%, 01/01/2033 | 135000 | 143528  |
|  City of Chicago IL Wastewater Transmission Revenue, 5.00%, 01/01/2037 | 425000 | 432249  |
|  County of Cook IL Sales Tax Revenue, 5.00%, 11/15/2034 | 100000 | 103674  |
|  Illinois Finance Authority, 5.00%, 07/01/2043 | 90000 | 97756  |
|  Illinois State Toll Highway Authority, 5.00%, 01/01/2042 | 455000 | 464593  |
|  Will County Township High School District No 204 Joliet, 5.00%, 01/01/2036 | 435000 | 443271  |
|  |  | 1785461  |
| **Indiana — 4.1%**<br>|  |  |
|  Concord Community Schools Building Corp., 5.00%, 07/15/2039 | 300000 | 333648  |
|  Greater Clark Building Corp., 5.00%, 07/15/2040 | 320000 | 349272  |

---

The accompanying notes are an integral part of these financial statements.

1<br>

------

**[**TABLE OF CONTENTS**](#TOC1)**

**RJ EAGLE MUNICIPAL INCOME ETF** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **MUNICIPAL BONDS — (Continued)** | **MUNICIPAL BONDS — (Continued)** | **MUNICIPAL BONDS — (Continued)** |
| **Indiana — (Continued)**<br>|  |  |
|  Wayne Township School Building Corp./Marion County IN, 5.00%, 07/15/2041 | $140000 | $148657  |
|  |  | 831577  |
| **Kansas — 0.5%**<br>|  |  |
|  City of Lawrence KS, 5.00%, 07/01/2043 (Obligor: Lawrence Memorial Hosp) | 100000 | 100943  |
| **Kentucky — 3.0%**<br>|  |  |
|  Kentucky Public Energy Authority, 5.25%, 04/01/2054<sup>(a)</sup> | 225000 | 242997  |
|  Kentucky Rural Water Finance Corp., 2.00%, 02/01/2034 | 300000 | 261544  |
|  Kentucky State Property & Building Commission, 5.00%, 10/01/2032 | 110000 | 111882  |
|  |  | 616423  |
| **Louisiana — 1.8%**<br>|  |  |
|  Louisiana Public Facilities Authority, 5.00%, 01/01/2038 (Obligor: South Quad L3c) | 90000 | 101590  |
|  New Orleans Aviation Board, 5.25%, 01/01/2041<sup>(b)</sup> | 245000 | 264514  |
|  |  | 366104  |
| **Massachusetts — 0.5%**<br>|  |  |
|  Massachusetts Development Finance Agency, 5.00%, 10/01/2035 (Obligor: Simmons University) | 105000 | 103695  |
| **Michigan — 1.0%**<br>|  |  |
|  Chippewa Valley Schools, 5.00%, 05/01/2039 | 125000 | 138289  |
|  Dexter Community Schools, 6.00%, 05/01/2026 | 70000 | 70764  |
|  |  | 209053  |
| **Minnesota — 1.8%**<br>|  |  |
|  City of Minneapolis MN, 5.00%, 11/15/2034 (Obligor: Fairview Hlth Svcs Oblig) | 205000 | 212531  |
|  Minnesota Agricultural & Economic Development Board, 4.00%, 01/01/2049 (Obligor: Healthpartners Oblig Grp) | 180000 | 161931  |
|  |  | 374462  |
| **Missouri — 0.5%**<br>|  |  |
|  City of Smithville MO, 5.00%, 09/01/2036 | 95000 | 107423  |
| **Nebraska — 2.2%**<br>|  |  |
|  Central Plains Energy Project, 5.00%, 05/01/2053<sup>(a)</sup> | 425000 | 443407  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **New Hampshire — 1.4%**<br>|  |  |
|  New Hampshire Housing Finance Authority, 4.00%, 07/01/2039 | $280000 | $282430  |
| **New Jersey — 1.8%**<br>|  |  |
|  New Jersey Higher Education Student Assistance Authority, 5.00%, 12/01/2028<sup>(b)</sup> | 225000 | 235858  |
|  Tobacco Settlement Financing Corp., 5.00%, 06/01/2031 | 120000 | 125380  |
|  |  | 361238  |
| **New York — 1.8%**<br>|  |  |
|  City of New York NY, 5.00%, 12/01/2039 | 180000 | 187301  |
|  New York State Housing Finance Agency, 2.10%, 11/01/2035 | 205000 | 174235  |
|  |  | 361536  |
| **North Carolina — 2.3%**<br>|  |  |
|  North Carolina Medical Care Commission, 5.00%, 12/01/2034 (Obligor: Chapel Hill Resdl Ret Obl) | 415000 | 461974  |
| **Ohio — 4.4%**<br>|  |  |
|  County of Cuyahoga OH, 5.00%, 01/01/2034 (Obligor: Musical Arts Association) | 100000 | 106373  |
|  County of Montgomery OH, 5.00%, 08/01/2039 (Obligor: Kettering Health Network) | 495000 | 524640  |
|  Ohio Higher Educational Facility Commission, 5.00%, 02/01/2041 (Obligor: University Of Dayton) | 260000 | 275444  |
|  |  | 906457  |
| **Pennsylvania — 0.7%**<br>|  |  |
|  Philadelphia Authority for Industrial Development, 5.00%, 12/01/2034 | 135000 | 138723  |
| **South Carolina — 2.0%**<br>|  |  |
|  South Carolina Jobs-Economic Development Authority, 5.00%, 12/01/2039 (Obligor: Lowcountry Leadership Chr)<sup>(c)</sup> | 290000 | 290396  |
|  South Carolina State Housing Finance & Development Authority, 5.00%, 01/01/2034 | 100000 | 113196  |
|  |  | 403592  |
| **Tennessee — 3.7%**<br>|  |  |
|  Johnson City Health & Educational Facilities Board, 5.00%, 07/01/2034 (Obligor: Ballad Health Oblig Group) | 120000 | 133370  |
|  Knox County Health Educational & Housing Facility Board, 5.00%, 01/01/2036 (Obligor: Covenant Hlth Oblig Grp) | 100000 | 101584  |

---

The accompanying notes are an integral part of these financial statements.

2<br>

------

**[**TABLE OF CONTENTS**](#TOC1)**

**RJ EAGLE MUNICIPAL INCOME ETF** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **MUNICIPAL BONDS — (Continued)** | **MUNICIPAL BONDS — (Continued)** | **MUNICIPAL BONDS — (Continued)** |
| **Tennessee — (Continued)**<br>|  |  |
|  Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd, 5.00%, 10/01/2034 (Obligor: Trevecca Nazerene Univ) | $395000 | $407510  |
|  Metropolitan Nashville Airport Authority, 5.00%, 07/01/2037<sup>(b)</sup> | 105000 | 110226  |
|  |  | 752690  |
| **Texas — 10.8%**<br>|  |  |
|  City of Bryan TX Electric System Revenue, 3.00%, 07/01/2038 | 280000 | 259284  |
|  City of Houston TX Airport System Revenue, 5.00%, 07/01/2030<sup>(b)</sup> | 585000 | 611532  |
| City of Laredo TX, 5.00%, 02/15/2043 | 200000 | 215192  |
|  County of Midland TX, 5.00%, 02/15/2044 | 115000 | 121309  |
|  Galveston Independent School District, 4.00%, 02/01/2048 | 165000 | 153630  |
|  Harris County Municipal Utility District No 171, 4.13%, 12/01/2040 | 100000 | 98984  |
|  Lamar Consolidated Independent School District, 5.00%, 02/15/2041 | 155000 | 166506  |
|  Riceland Management District, 4.50%, 09/01/2047 | 80000 | 75854  |
|  Sunfield Municipal Utility District No 1, 4.00%, 09/01/2033 | 100000 | 102645  |
| &nbsp;&nbsp;&nbsp; Town of Pantego TX, <br>4.00%, 08/15/2042 | 130000 | 128335  |
|  Washington County Junior College District, 2.25%, 10/01/2038 | 355000 | 272453 |
|  |  | 2205724  |
| **Utah — 4.5%**<br>|  |  |
|  City of Salt Lake City UT Airport Revenue, 5.00%, 07/01/2031<sup>(b)</sup> | 890000 | 924331  |
| **Virginia — 0.8%**<br>|  |  |
|  Virginia Housing Development Authority, 3.00%, 03/01/2042 | 190000 | 164317  |
| **Washington — 3.8%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Clark County Public Utility District No 1 Electric Revenue, <br>5.00%, 01/01/2042 | 145000 | 153096  |
|  King County Public Hospital District No 1, 5.00%, 12/01/2035 | 275000 | 288944  |
| &nbsp;&nbsp;&nbsp; Port of Seattle WA, <br>5.00%, 07/01/2037<sup>(b)</sup> | 115000 | 127220  |
|  State of Washington, 5.00%, 02/01/2038 | 195000 | 211595  |
|  |  | 780855  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **Wisconsin — 0.4%**<br>|  |  |
|  Public Finance Authority, 5.00%, 06/15/2039 (Obligor: Piedmont Cmnty Chtr Sch) | $85000 | $86553  |
| &nbsp;&nbsp;&nbsp; **TOTAL MUNICIPAL BONDS** <br>**(Cost $20,013,445)** |  | 20105148  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 98.4%**<br>**(Cost $20,013,445)** |  | $20105148  |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of <br>Liabilities — 1.6% |  | 327269  |
| **TOTAL NET ASSETS — 100.0%** |  | $20432417 |

---

Percentages are stated as a percent of net assets.

<sup>(a)</sup> Coupon rate may be variable or floating based on components other than reference rate and spread. These securities may not indicate a reference rate and/or spread in their description. The rate disclosed is as of December 31, 2025.

<sup>(b)</sup> Security subject to the Alternative Minimum Tax ("AMT"). As of December 31, 2025, the total value of securities subject to the AMT was $4,058,727 or 19.9% of net assets.

<sup>(c)</sup> Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors.

The accompanying notes are an integral part of these financial statements.

3<br>

------

**[**TABLE OF CONTENTS**](#TOC1)**

**RJ EAGLE VERTICAL INCOME ETF** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **CORPORATE BONDS — 79.5%**<br>|  |  |
| **Aerospace & Defense — 4.5%**<br>|  |  |
|  L3Harris Technologies, Inc., 5.35%, 06/01/2034 | $144000 | $149064  |
|  Lockheed Martin Corp., 5.25%, 01/15/2033 | 140000 | 147148  |
|  Northrop Grumman Corp., 5.20%, 06/01/2054 | 159000 | 148637  |
|  |  | 444849  |
| **Automobile Components — 1.5%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; BorgWarner, Inc., <br>5.40%, 08/15/2034 | 143000 | 147460  |
| **Banks — 7.0%**<br>|  |  |
|  Bank of America Corp., 6.13% to 04/27/2027 then 5 yr. CMT Rate + 3.23%, Perpetual | 98000 | 99459  |
|  Citigroup, Inc., 6.88% to 08/15/2030 then 5 yr. CMT Rate + 2.89%, Perpetual | 97000 | 100793  |
|  Huntington Bancshares, Inc., 6.25% to 10/15/2030 then 5 yr. CMT Rate + 2.65%, Perpetual | 99000 | 99084  |
|  JPMorgan Chase & Co., 6.50% to 04/01/2030 then 5 yr. CMT Rate + 2.15%, Perpetual | 143000 | 148593  |
|  The PNC Financial Services Group, Inc., 6.25% to 03/15/2030 then 7 yr. CMT Rate + 2.81%, Perpetual | 146000 | 150728  |
|  Wells Fargo & Co., 7.63% to 09/15/2028 then 5 yr. CMT Rate + 3.61%, Perpetual | 92000 | 98128  |
|  |  | 696785  |
| **Beverages — 3.5%**<br>|  |  |
|  Constellation Brands, Inc., 4.75%, 05/09/2032 | 149000 | 149624  |
|  Diageo Capital PLC, 5.88%, 09/30/2036 | 160000 | 173258  |
|  Diageo Investment Corp., 4.25%, 05/11/2042 | 30000 | 25997  |
|  |  | 348879  |
| **Biotechnology — 1.5%**<br>|  |  |
| Amgen, Inc., 5.25%, 03/02/2030 | 143000 | 148323  |
| **Broadline Retail — 1.5%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Amazon.com, Inc., <br>4.35%, 03/20/2033  | 20000  | 19935  |
| &nbsp;&nbsp;&nbsp; Amazon.com, Inc., <br>4.70%, 12/01/2032 | 127000 | 130554 |
|  |  | 150489  |
| **Capital Markets — 4.0%**<br>|  |  |
| Moody's Corp., 4.88%, 12/17/2048 | 166000 | 149068  |
|  State Street Corp., 6.70% to 03/15/2029 then 5 yr. CMT Rate + 2.61%, Perpetual | 96000 | 100159  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
|  The Goldman Sachs Group, Inc., 7.50% to 05/10/2029 then 5 yr. CMT Rate + 2.81%, Perpetual | $141000 | $149257  |
|  |  | 398484  |
| **Commercial Services & Supplies — 3.0%** | **Commercial Services & Supplies — 3.0%** | **Commercial Services & Supplies — 3.0%** |
|  Waste Connections, Inc., 5.00%, 03/01/2034 | 145000 | 148071  |
|  Waste Management, Inc., 4.88%, 02/15/2034 | 144000 | 147723  |
|  |  | 295794  |
| **Communications Equipment — 1.5%** | **Communications Equipment — 1.5%** | **Communications Equipment — 1.5%** |
|  Motorola Solutions, Inc., 5.20%, 08/15/2032 | 142000 | 146409  |
| **Computers — 1.5%**<br>|  |  |
|  Dell International LLC/EMC Corp., 4.75%, 10/06/2032 | 149000 | 148804  |
| **Consumer Staples Distribution & Retail — 2.0%** | **Consumer Staples Distribution & Retail — 2.0%** | **Consumer Staples Distribution & Retail — 2.0%** |
|  Dollar General Corp., 5.00%, 11/01/2032 | 196000 | 198821  |
| **Electric Utilities — 3.4%**<br>|  |  |
|  Duke Energy Corp., 6.45% to 09/01/2034 then 5 yr. CMT Rate + 2.59%, 09/01/2054 | 91000 | 95512  |
|  Evergy, Inc., 6.65% to 06/01/2030 then 5 yr. CMT Rate + 2.56%, 06/01/2055 | 98000 | 100169  |
| The Southern Co.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.00% (5 yr. CMT Rate + 3.73%), 01/15/2051 | 75000 | 74955  |
| &nbsp;&nbsp;&nbsp; 3.75% to 09/15/2026 then 5 yr. CMT Rate + 2.92%, 09/15/2051 | 75000 | 73938  |
|  |  | 344574  |
| **Electrical Equipment — 1.5%**<br>|  |  |
|  Emerson Electric Co., 5.00%, 03/15/2035 | 144000 | 147626  |
|  **Electronic Equipment Instruments & Components — 1.5%**<br>|  |  |
| Jabil, Inc., 5.45%, 02/01/2029 | 143000 | 147619  |
| **Financial Services — 1.5%**<br>|  |  |
| Fiserv, Inc., 5.38%, 08/21/2028 | 144000 | 147677  |
| **Food Products — 3.0%**<br>|  |  |
| Kellanova, 5.25%, 03/01/2033 | 142000 | 147232  |
|  The J M Smucker Co., 6.20%, 11/15/2033 | 138000 | 149588  |
|  |  | 296820  |

---

The accompanying notes are an integral part of these financial statements.

4<br>

------

**[**TABLE OF CONTENTS**](#TOC1)**

**RJ EAGLE VERTICAL INCOME ETF** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **CORPORATE BONDS — (Continued)** | **CORPORATE BONDS — (Continued)** | **CORPORATE BONDS — (Continued)** |
| **Ground Transportation — 1.9%**<br>|  |  |
|  Union Pacific Corp., 3.25%, 02/05/2050 | $281000 | $194557  |
| **Health Care Providers & Services — 5.9%** | **Health Care Providers & Services — 5.9%** | **Health Care Providers & Services — 5.9%** |
|  CVS Health Corp., 7.00% to 03/10/2030 then 5 yr. CMT Rate + 2.89%, 03/10/2055 | 141000 | 147916  |
|  Laboratory Corp. of America Holdings, 4.80%, 10/01/2034 | 150000 | 148672  |
|  Quest Diagnostics, Inc., 5.00%, 12/15/2034 | 148000 | 149679  |
|  UnitedHealth Group, Inc., 5.35%, 02/15/2033 | 141000 | 146901  |
|  |  | 593168  |
| **Industrial Conglomerates — 2.0%**<br>|  |  |
|  Honeywell International, Inc., 4.50%, 01/15/2034 | 198000 | 196243  |
| **Insurance — 3.0%**<br>|  |  |
|  Aon Corp./Aon Global Holdings PLC, 5.35%, 02/28/2033 | 142000 | 147874  |
|  Brown & Brown, Inc., 5.25%, 06/23/2032 | 147000 | 150327  |
|  |  | 298201  |
| **Life Sciences Tools & Services — 1.5%** | **Life Sciences Tools & Services — 1.5%** | **Life Sciences Tools & Services — 1.5%** |
|  Thermo Fisher Scientific, Inc., 5.20%, 01/31/2034 | 141000 | 147056  |
| **Machinery — 3.0%**<br>|  |  |
|  Ingersoll Rand, Inc., 5.45%, 06/15/2034 | 144000 | 149829  |
|  Otis Worldwide Corp., 5.13%, 11/19/2031 | 144000 | 149387  |
|  |  | 299216  |
| **Media — 2.0%**<br>|  |  |
| Comcast Corp., 5.35%, 05/15/2053 | 221000 | 198517  |
| **Multi-Utilities — 2.5%**<br>|  |  |
|  CMS Energy Corp., 4.75% to 06/01/2030 then 5 yr. CMT Rate + 4.12%, 06/01/2050 | 153000 | 150495  |
|  Dominion Energy, Inc., 4.35% to 04/15/2027 then 5 yr. CMT Rate + 3.20%, Perpetual | 100000 | 99166  |
|  |  | 249661  |
| **Professional Services — 1.5%**<br>|  |  |
| Equifax, Inc., 5.10%, 12/15/2027 | 148000 | 150766  |
|  **Semiconductors & Semiconductor Equipment — 1.5%**<br>|  |  |
| Broadcom, Inc., 5.15%, 11/15/2031 | 144000 | 149393  |
| **Software — 4.4%**<br>|  |  |
| Microsoft Corp., 3.04%, 03/17/2062 | 236000 | 147011  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| Oracle Corp., 6.25%, 11/09/2032 | $143000 | $149065  |
|  Roper Technologies, Inc., 5.10%, 09/15/2035 | 146000 | 147110  |
|  |  | 443186  |
| **Specialty Retail — 4.4%**<br>|  |  |
| AutoNation, Inc., 5.89%, 03/15/2035 | 142000 | 147168  |
| AutoZone, Inc., 4.00%, 04/15/2030 | 151000 | 149316  |
| Lowe's Cos., Inc., 5.15%, 07/01/2033 | 142000 | 146684  |
|  |  | 443168  |
|  **Technology Hardware Storage & Peripherals — 2.0%**<br>|  |  |
| Apple, Inc., 3.75%, 11/13/2047 | 250000 | 197947  |
| **Transportation — 1.5%**<br>|  |  |
|  The Burlington Northern Santa Fe LLC, 5.05%, 03/01/2041 | 150000 | 147094  |
| &nbsp;&nbsp;&nbsp; **TOTAL CORPORATE BONDS** <br>**(Cost $7,953,517)** |  | 7917586 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **COMMON STOCKS — 18.3%**<br>|  |  |
| **Air Freight & Logistics — 0.6%**<br>|  |  |
| United Parcel Service, Inc. - Class B | 618 | 61299  |
| **Banks — 2.2%**<br>|  |  |
| KeyCorp | 5353 | 110486  |
| Truist Financial Corp. | 2154 | 105998  |
|  |  | 216484  |
| **Beverages — 1.1%**<br>|  |  |
| The Coca-Cola Co. | 1497 | 104655  |
| **Biotechnology — 1.0%**<br>|  |  |
| AbbVie, Inc. | 433 | 98936  |
| **Capital Markets — 1.2%**<br>|  |  |
| CME Group, Inc. | 432 | 117971  |
| **Communications Equipment — 1.1%** | **Communications Equipment — 1.1%** | **Communications Equipment — 1.1%** |
| Cisco Systems, Inc. | 1456 | 112156  |
|  **Diversified Telecommunication Services — 1.7%**<br>|  |  |
| AT&T, Inc. | 3939 | 97845  |
| Verizon Communications, Inc. | 1618 | 65901  |
|  |  | 163746  |
| **Electric Utilities — 1.0%**<br>|  |  |
| Evergy, Inc. | 1410 | 102211  |
| **Health Care Equipment & Supplies — 1.0%** | **Health Care Equipment & Supplies — 1.0%** | **Health Care Equipment & Supplies — 1.0%** |
| Medtronic PLC | 1072 | 102976  |
| **IT Services — 0.9%**<br>|  |  |
|  International Business Machines Corp. | 296 | 87678 |

---

The accompanying notes are an integral part of these financial statements.

5<br>

------

**[**TABLE OF CONTENTS**](#TOC1)**

**RJ EAGLE VERTICAL INCOME ETF** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares**  | **Value**  |
| **COMMON STOCKS — (Continued)** | **COMMON STOCKS — (Continued)** | **COMMON STOCKS — (Continued)** |
| **Machinery — 0.8%**<br>|  |  |
| PACCAR, Inc. | 756 | $82790  |
| **Oil Gas & Consumable Fuels — 1.6%** | **Oil Gas & Consumable Fuels — 1.6%** | **Oil Gas & Consumable Fuels — 1.6%** |
| Chevron Corp. | 353 | 53801  |
| The Williams Cos., Inc. | 1762 | 105914  |
|  |  | 159715  |
| **Pharmaceuticals — 0.8%**<br>|  |  |
| Pfizer, Inc. | 3369 | 83888  |
| **Retail REITs — 1.0%**<br>|  |  |
| Realty Income Corp. | 1777 | 100169  |
| **Specialized REITs — 1.2%**<br>|  |  |
| Public Storage | 7600 | 121296  |
| **Tobacco — 1.1%**<br>|  |  |
| Philip Morris International, Inc. | 657 | 105383  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $1,807,821)** |  | 1821353  |
| **CONVERTIBLE PREFERRED STOCKS — 1.0%** | **CONVERTIBLE PREFERRED STOCKS — 1.0%** | **CONVERTIBLE PREFERRED STOCKS — 1.0%** |
| **Electric Utilities — 1.0%**<br>|  |  |
|  NextEra Energy, Inc., 7.30%, 06/01/2027 | 2000 | 103540  |
| &nbsp;&nbsp;&nbsp; **TOTAL CONVERTIBLE PREFERRED STOCKS** <br>**(Cost $105,041)** |  | 103540  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 98.8%**<br>**(Cost $9,866,379)** |  | $9842479  |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of <br>Liabilities — 1.2% |  | 123456  |
| **TOTAL NET ASSETS — 100.0%** |  | $9965935 |

---

Percentages are stated as a percent of net assets.

CMT - Constant Maturity Treasury

LLC - Limited Liability Company

PLC - Public Limited Company

REIT - Real Estate Investment Trust

The accompanying notes are an integral part of these financial statements.

6<br>

------

**[**TABLE OF CONTENTS**](#TOC1)**

**RJ EAGLE GCM DIVIDEND SELECT INCOME ETF** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — 96.6%**<br>|  |  |
| **Banks — 7.3%**<br>|  |  |
| JPMorgan Chase & Co. | 4770 | $1536989  |
|  The PNC Financial Services Group, Inc. | 4293 | 896078  |
|  |  | 2433067  |
| **Biotechnology — 3.5%**<br>|  |  |
| AbbVie, Inc. | 5194 | 1186777  |
| **Building Products — 4.0%**<br>|  |  |
| Johnson Controls International PLC | 11183 | 1339164  |
| **Capital Markets — 2.0%**<br>|  |  |
| CME Group, Inc. | 2491 | 680242  |
| **Chemicals — 1.8%**<br>|  |  |
| Air Products and Chemicals, Inc. | 2491 | 615327  |
| **Communications Equipment — 3.8%** | **Communications Equipment — 3.8%** | **Communications Equipment — 3.8%** |
| Motorola Solutions, Inc. | 3286 | 1259590  |
|  **Consumer Staples Distribution & Retail — 4.6%**<br>|  |  |
| Walmart, Inc. | 13780 | 1535230  |
|  **Diversified Telecommunication Services — 2.6%**<br>|  |  |
| Verizon Communications, Inc. | 21253 | 865635  |
| **Electric Utilities — 3.0%**<br>|  |  |
| Entergy Corp. | 4452 | 411498  |
| NextEra Energy, Inc. | 7539 | 605231  |
|  |  | 1016729  |
| **Electrical Equipment — 2.9%**<br>|  |  |
| Eaton Corp. PLC | 3021 | 962219  |
|  **Electronic Equipment Instruments & Components — 3.1%**<br>|  |  |
| Corning, Inc. | 11872 | 1039512  |
| **Financial Services — 1.3%**<br>|  |  |
|  Fidelity National Information Services, Inc. | 6572 | 436775  |
| **Ground Transportation — 2.1%**<br>|  |  |
| Union Pacific Corp. | 2968 | 686558  |
| **Health Care Equipment & Supplies — 2.4%** | **Health Care Equipment & Supplies — 2.4%** | **Health Care Equipment & Supplies — 2.4%** |
| Medtronic PLC | 8321 | 799315  |
| **Health Care Providers & Services — 1.3%** | **Health Care Providers & Services — 1.3%** | **Health Care Providers & Services — 1.3%** |
| UnitedHealth Group, Inc. | 1272 | 419900  |
| **Health Care REITs — 3.5%**<br>|  |  |
| Welltower, Inc. | 6254 | 1160805  |
| **Hotels Restaurants & Leisure — 2.4%** | **Hotels Restaurants & Leisure — 2.4%** | **Hotels Restaurants & Leisure — 2.4%** |
| Darden Restaurants, Inc. | 4399 | 809504  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **Insurance — 1.6%**<br>|  |  |
| Chubb Ltd. | 1749 | $545898  |
| **Machinery — 2.3%**<br>|  |  |
| Cummins, Inc. | 1484 | 757508  |
| **Media — 1.1%**<br>|  |  |
| Comcast Corp. - Class A | 12614 | 377032  |
| **Oil Gas & Consumable Fuels — 5.2%** | **Oil Gas & Consumable Fuels — 5.2%** | **Oil Gas & Consumable Fuels — 5.2%** |
| Energy Transfer LP | 47647 | 785699  |
| Enterprise Products Partners LP | 20034 | 642290  |
| Marathon Petroleum Corp. | 2014 | 327537  |
|  |  | 1755526  |
| **Pharmaceuticals — 4.6%**<br>|  |  |
| Johnson & Johnson | 4240 | 877468  |
| Merck & Co., Inc. | 6203 | 652928  |
|  |  | 1530396  |
| **Retail REITs — 1.9%**<br>|  |  |
| Realty Income Corp. | 11501 | 648311  |
|  **Semiconductors & Semiconductor Equipment — 11.8%**<br>|  |  |
| Analog Devices, Inc. | 4823 | 1307998  |
| Broadcom, Inc. | 7642 | 2644896  |
|  |  | 3952894  |
| **Software — 3.2%**<br>|  |  |
| Microsoft Corp. | 2226 | 1076538  |
| **Specialty Retail — 2.1%**<br>|  |  |
| Best Buy Co., Inc. | 5452 | 364903  |
| The Home Depot, Inc. | 962 | 331024  |
|  |  | 695927  |
|  **Technology Hardware Storage & Peripherals — 3.9%**<br>|  |  |
| Apple, Inc. | 4770 | 1296772  |
| **Textiles Apparel & Luxury Goods — 4.4%** | **Textiles Apparel & Luxury Goods — 4.4%** | **Textiles Apparel & Luxury Goods — 4.4%** |
| Tapestry, Inc. | 11501 | 1469483  |
| **Tobacco — 2.9%**<br>|  |  |
| Philip Morris International, Inc. | 6095 | 977638  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $32,216,126)** |  | 32330272  |
| **CLOSED-END FUNDS — 3.3%**<br>|  |  |
| Main Street Capital Corp. | 18444 | 1113833  |
| &nbsp;&nbsp;&nbsp; **TOTAL CLOSED-END FUNDS** <br>**(Cost $1,096,952)** |  | 1113833  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 99.9%**<br>**(Cost $33,313,078)** |  | $33444105  |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of <br>Liabilities — 0.1% |  | 41471  |
| **TOTAL NET ASSETS — 100.0%** |  | $33485576 |

---

The accompanying notes are an integral part of these financial statements.

7<br>

------

**[**TABLE OF CONTENTS**](#TOC1)**

**RJ EAGLE GCM DIVIDEND SELECT INCOME ETF** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

Percentages are stated as a percent of net assets.

LP - Limited Partnership

PLC - Public Limited Company

REIT - Real Estate Investment Trust

The accompanying notes are an integral part of these financial statements.

8<br>

------

**[**TABLE OF CONTENTS**](#TOC1)**

**STATEMENTS OF ASSETS AND LIABILITIES** 

**December 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | **RJ Eagle** <br>**Municipal** <br>**Income ETF** | **RJ Eagle** <br>**Vertical** <br>**Income ETF** | **RJ Eagle** <br>**GCM Dividend** <br>**Select** <br>**Income ETF**  |
| **ASSETS:**<br>|  |  |  |
| Investments, at value | $20105148 | $9842479 | $33444105  |
| Cash - interest bearing deposit account | 92989 | 84084 | 89882  |
| Dividends receivable |  | 2691 | 38160  |
| Dividend tax reclaims receivable |  | 167 | 2574  |
| Security lending income receivable |  |  | 187  |
| Interest receivable | 291310 | 93134 | 118  |
| Receivable for fund shares sold |  | 1246010 | —  |
| &nbsp;&nbsp;&nbsp; **Total assets** | 20489447 | 11268565 | 33575026  |
| **LIABILITIES:**<br>|  |  |  |
| Distributions payable | 51782 | 33659 | 77536  |
| Payable to Adviser | 5102 | 3288 | 11656  |
| Payable for investments purchased |  | 1265602 | —  |
| Payable for expenses and other liabilities | 146 | 81 | 258  |
| &nbsp;&nbsp;&nbsp; **Total liabilities** | 57030 | 1302630 | 89450  |
| **NET ASSETS** | $20432417 | $9965935 | $33485576  |
| **Net Assets Consists of:**<br>|  |  |  |
| Paid-in capital | $20343132 | $9991495 | $33364840  |
| Total distributable earnings/(accumulated losses) | 89285 | (25560) | 120736  |
| &nbsp;&nbsp;&nbsp; **Total net assets** | $20432417 | $9965935 | $33485576  |
| Net assets | $20432417 | $9965935 | $33485576  |
| Shares issued and outstanding<sup>(a)</sup> | 800000 | 400000 | 1325000  |
| Net asset value per share | $25.54 | $24.91 | $25.27  |
| **Cost:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Investments, at cost | $20013445 | $9866379 | $33313078 |

---

<sup>(a)</sup> Unlimited shares authorized.

The accompanying notes are an integral part of these financial statements.

9<br>

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**[**TABLE OF CONTENTS**](#TOC1)**

**STATEMENTS OF OPERATIONS** 

**For the Period Ended December 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | **RJ Eagle** <br>**Municipal** <br>**Income ETF<sup>(a)</sup>** | **RJ Eagle** <br>**Vertical** <br>**Income ETF<sup>(a)</sup>** | **RJ Eagle** <br>**GCM Dividend** <br>**Select** <br>**Income ETF<sup>(a)</sup>**  |
| **INVESTMENT INCOME:**<br>|  |  |  |
| Dividend income | &nbsp;&nbsp; $— | &nbsp;&nbsp; $11074 | &nbsp;&nbsp; $94536  |
| Interest income | &nbsp;&nbsp; 91284 | &nbsp;&nbsp; 52131 | &nbsp;&nbsp; 283  |
| Securities lending income | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 391  |
| &nbsp;&nbsp;&nbsp; **Total investment income** | &nbsp;&nbsp; 91284 | &nbsp;&nbsp; 63205 | &nbsp;&nbsp; 95210  |
| **EXPENSES:**<br>|  |  |  |
| Investment advisory fee | &nbsp;&nbsp; 9328 | &nbsp;&nbsp; 6536 | &nbsp;&nbsp; 19611  |
| Legal fees | &nbsp;&nbsp; 233 | &nbsp;&nbsp; 131 | &nbsp;&nbsp; 392  |
| &nbsp;&nbsp;&nbsp; Total expenses | &nbsp;&nbsp; 9561 | &nbsp;&nbsp; 6667 | &nbsp;&nbsp; 20003  |
| **Net investment income** | &nbsp;&nbsp; 81723 | &nbsp;&nbsp; 56538 | &nbsp;&nbsp; 75207  |
| **REALIZED AND UNREALIZED GAIN (LOSS)**<br>|  |  |  |
| Net realized gain (loss) from:<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Investments | &nbsp;&nbsp; — | &nbsp;&nbsp; (450) | &nbsp;&nbsp; (7962)  |
| Net realized gain (loss) | &nbsp;&nbsp; — | &nbsp;&nbsp; (450) | &nbsp;&nbsp; (7962)  |
| Net change in unrealized appreciation (depreciation) on: | Net change in unrealized appreciation (depreciation) on: |  |  |
| &nbsp;&nbsp;&nbsp; Investments | &nbsp;&nbsp; 91703 | &nbsp;&nbsp; (23900) | &nbsp;&nbsp; 131027  |
| Net change in unrealized appreciation (depreciation) | &nbsp;&nbsp; 91703 | &nbsp;&nbsp; (23900) | &nbsp;&nbsp; 131027  |
| **Net realized and unrealized gain (loss)** | &nbsp;&nbsp; 91703 | &nbsp;&nbsp; (24350) | &nbsp;&nbsp; 123065  |
|  **NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS** | &nbsp;&nbsp; $173426 | &nbsp;&nbsp; $32188 | &nbsp;&nbsp; $198272 |

---

<sup>(a)</sup> Inception date of the fund was October 1, 2025.

The accompanying notes are an integral part of these financial statements.

10<br>

------

**[**TABLE OF CONTENTS**](#TOC1)**

**STATEMENTS OF CHANGES IN NET ASSETS** 

**Period ended December 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | **RJ Eagle** <br>**Municipal** <br>**Income ETF<sup>(a)</sup>** | **RJ Eagle** <br>**Vertical** <br>**Income ETF<sup>(a)</sup>** | **RJ Eagle** <br>**GCM Dividend** <br>**Select** <br>**Income ETF<sup>(a)</sup>**  |
| **OPERATIONS:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $81723 | &nbsp;&nbsp; $56538 | &nbsp;&nbsp; $75207  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) |  | &nbsp;&nbsp;&nbsp;&nbsp;(450) | &nbsp;&nbsp; (7962)  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | 91703 | &nbsp;&nbsp; (23900) | &nbsp;&nbsp; 131027  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | 173426 | &nbsp;&nbsp; 32188 | &nbsp;&nbsp; 198272  |
| **DISTRIBUTIONS TO SHAREHOLDERS:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; From earnings | (84141) | &nbsp;&nbsp; (57748) | &nbsp;&nbsp; (77536)  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | (84141) | &nbsp;&nbsp; (57748) | &nbsp;&nbsp; (77536)  |
| **CAPITAL TRANSACTIONS:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | 20321500 | &nbsp;&nbsp; 9989620 | &nbsp;&nbsp; 33364840  |
| &nbsp;&nbsp;&nbsp; ETF transaction fees | 21632 | &nbsp;&nbsp; 1875 | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | 20343132 | &nbsp;&nbsp; 9991495 | &nbsp;&nbsp; 33364840  |
| **Net increase (decrease) in net assets** | 20432417 | &nbsp;&nbsp; 9965935 | &nbsp;&nbsp; 33485576  |
| **NET ASSETS:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the period |  | &nbsp;&nbsp; — | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; End of the period | $20432417 | &nbsp;&nbsp; $9965935 | &nbsp;&nbsp; $33485576  |
| **SHARES TRANSACTIONS**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold | 800000 | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 1325000  |
| &nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares outstanding** | 800000 | &nbsp;&nbsp; 400000 | &nbsp;&nbsp; 1325000 |

---

<sup>(a)</sup> Inception date of the fund was October 1, 2025.

The accompanying notes are an integral part of these financial statements.

11<br>

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**[**TABLE OF CONTENTS**](#TOC1)**

**RJ EAGLE MUNICIPAL INCOME ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | |
|:---|:---|
|  | **Period Ended** <br>**December 31,** <br>**2025<sup>(a)</sup>**  |
| **PER SHARE DATA:**<br>|  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $25.00  |
| **INVESTMENT OPERATIONS:**<br>|  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.22  |
| Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.42  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;0.64  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |
| Net investment income | &nbsp;&nbsp;&nbsp; (0.16)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (0.16)  |
| ETF transaction fees per share<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.06  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $25.54  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 2.79%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $20432  |
| Ratio of expenses to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 0.41%  |
| Ratio of net investment income (loss) to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 3.50%  |
| Portfolio turnover rate<sup>(d)(f)</sup> | &nbsp;&nbsp;&nbsp; —% |

---

<sup>(a)</sup> Inception date of the fund was October 1, 2025.

<sup>(b)</sup> Net investment income per share and ETF transactions fees per share have been calculated based on average shares outstanding during the period.

<sup>(c)</sup> Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the period, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the period.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

12<br>

------

**[**TABLE OF CONTENTS**](#TOC1)**

**RJ EAGLE VERTICAL INCOME ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | |
|:---|:---|
|  | **Period Ended** <br>**December 31,** <br>**2025<sup>(a)</sup>** |
| **PER SHARE DATA:**<br>|  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp; $25.00  |
| **INVESTMENT OPERATIONS:**<br>|  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.27  |
| Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; (0.14)  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;0.13  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (0.23)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp; (0.23)  |
| ETF transaction fees per share<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.01  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp; $24.91  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.59%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp;&nbsp; $9966  |
| Ratio of expenses to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 0.51%  |
| Ratio of net investment income (loss) to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 4.33%  |
| Portfolio turnover rate<sup>(d)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 2% |

---

<sup>(a)</sup> Inception date of the fund was October 1, 2025.

<sup>(b)</sup> Net investment income per share and ETF transaction fees per share have been calculated based on average shares outstanding during the period.

<sup>(c)</sup> Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the period, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the period.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

13<br>

------

**[**TABLE OF CONTENTS**](#TOC1)**

**RJ EAGLE GCM DIVIDEND SELECT INCOME ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | |
|:---|:---|
|  | **Period Ended** <br>**December 31,** <br>**2025<sup>(a)</sup>**  |
| **PER SHARE DATA:**<br>|  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $25.00  |
| **INVESTMENT OPERATIONS:**<br>|  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.12  |
| Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.21  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;0.33  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |
| Net investment income | &nbsp;&nbsp;&nbsp; (0.06)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (0.06)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $25.27  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1.32%  |
| **SUPPLEMENTAL DATA AND RATIOS:<sup>(e)</sup>**<br>|  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $33486  |
| Ratio of expenses to average net assets<sup>(f)</sup> | &nbsp;&nbsp;&nbsp; 0.51%  |
| Ratio of net investment income (loss) to average net assets<sup>(f)</sup> | &nbsp;&nbsp;&nbsp; 1.92%  |
| Portfolio turnover rate<sup>(d)(g)</sup> | &nbsp;&nbsp;&nbsp; 1% |

---

<sup>(a)</sup> Inception date of the fund was October 1, 2025.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the period.

<sup>(c)</sup> Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the period, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the period.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Ratios do not include the income and expenses of the underlying funds in which the fund invests.

<sup>(f)</sup> Annualized for periods less than one year.

<sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions.

The accompanying notes are an integral part of these financial statements.

14<br>

------

**[**TABLE OF CONTENTS**](#TOC1)**

**NOTES TO FINANCIAL STATEMENTS** 

**December 31, 2025** 

**NOTE 1 – ORGANIZATION AND INVESTMENT OBJECTIVE** 

Carillon Series Trust (the "Trust" or the "Carillon Family of Funds") is a Delaware statutory trust, and is registered under the Investment Company Act of 1940, as amended, as an open-end diversified management investment company. The Trust offers shares in separate series each of which is advised by Carillon Tower Advisers, Inc. ("Manager" or "Adviser" or "Carillon"). On September 30, 2022, Carillon began also doing business as Raymond James Investment Management. This did not involve any change in Carillon's structure, ownership, or control. The Trust offers shares in both open-end mutual funds and exchange-traded funds ("ETF"). This report covers the following ETF series (each a "fund" and collectively the "funds"):

&nbsp;&nbsp;&nbsp;&nbsp;• **RJ Eagle Municipal Income ETF** ("Municipal Income ETF") seeks current income that is exempt from federal income taxes, with capital appreciation
 as a secondary investment objective.

&nbsp;&nbsp;&nbsp;&nbsp;• **RJ Eagle Vertical Income ETF** ("Vertical Income ETF") seeks current income, with long-term capital appreciation as a secondary investment
 objective.

&nbsp;&nbsp;&nbsp;&nbsp;• **RJ Eagle GCM Dividend Select Income ETF** ("Dividend Select Income ETF") seeks current income and capital appreciation.

For financial information related to the Trust's open-end mutual funds, please refer to their separate annual report.

Each ETF commenced operations on October 1, 2025.

**NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES** 

The following is a summary of significant accounting policies of the funds. The policies are in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The funds are investment companies and, accordingly, follow the investment company accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946—Investment Companies, which is part of U.S. GAAP.

**Use of Estimates. The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures. Actual results could differ from those estimates and those differences could be material.** 

**Valuation of Securities. Generally, a fund values portfolio securities for which market quotations are readily available at market value; however, a fund may adjust the market quotation price to reflect events that occur between the close of those markets and the time of the fund's determination of the NAV.** 

A market quotation may be considered unreliable or unavailable for various reasons, such as:

&nbsp;&nbsp;&nbsp;&nbsp;• The quotation may be stale;

&nbsp;&nbsp;&nbsp;&nbsp;• The security is not actively traded;

&nbsp;&nbsp;&nbsp;&nbsp;• Trading on the security halted before the close
 of the trading market;

&nbsp;&nbsp;&nbsp;&nbsp;• The security is newly issued;

&nbsp;&nbsp;&nbsp;&nbsp;• Issuer-specific or vendor specific events occurred
 after the security halted trading; or

&nbsp;&nbsp;&nbsp;&nbsp;• Due to the passage of time between the close of
 the market on which the security trades and the close of the NYSE and the Nasdaq.

Examples of issuer-specific events that may cause the last market quotation to be unreliable include:

&nbsp;&nbsp;&nbsp;&nbsp;• A merger or insolvency;

&nbsp;&nbsp;&nbsp;&nbsp;• Events which affect a geographical area or an industry
 segment, such as political events or natural disasters; or

&nbsp;&nbsp;&nbsp;&nbsp;• Market events, such as a significant movement in
 the U.S. markets.

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**NOTES TO FINANCIAL STATEMENTS** 

**December 31, 2025(Continued)** 

For most securities, both the latest transaction prices and adjustments are furnished by independent pricing services, subject to oversight by the Trust's Board of Trustees ("Board"). In accordance with Rule 2a-5 under the Investment Company Act of 1940, as amended, the Board approved the Adviser as the funds' valuation designee to be responsible for carrying out pricing and valuation duties in accordance with the Adviser's Valuation Procedures (the "Procedures"). The funds value all other securities and assets for which market quotations are unavailable or unreliable at their fair value determined in good faith.

There can be no assurance, however, that a fair value price used by a fund on any given day will more accurately reflect the market value of a security than a market price of such security on that day, as fair valuation determinations may involve subjective judgments made by the Valuation Committee. Fair value pricing may deter shareholders from trading a fund's shares on a frequent basis in an attempt to take advantage of arbitrage opportunities resulting from potentially stale prices of portfolio holdings. However, it cannot eliminate the possibility of frequent trading. Specific types of securities are valued as follows:

&nbsp;&nbsp;&nbsp;&nbsp;• **Domestic exchange-traded equity securities.** Market quotations are generally available and reliable for domestic exchange-traded equity securities. If the
 prices provided by the independent pricing service and independent quoted prices are unavailable or unreliable, the Valuation Committee
 will fair value the security using the Procedures.

&nbsp;&nbsp;&nbsp;&nbsp;• **Foreign equity securities.** If market quotations are available and reliable for foreign exchange-traded equity securities, the securities will
 be valued at the market quotations. Because trading hours for certain foreign securities end before the close of the NYSE and the Nasdaq,
 closing market quotations may become unreliable. Consequently, fair valuation of portfolio securities may occur on a daily basis. The
 Valuation Committee, using the Procedures, may fair value a security if certain events occur between the time the trading of a particular
 security ends in a foreign market and a fund's NAV calculation. The Valuation Committee, using the Procedures, may also fair value
 a particular security if the events are significant and make the closing price unavailable or unreliable. If an issuer-specific event
 has occurred that Carillon determines, in its judgment, is likely to have affected the closing price of a foreign security, it will price
 the security at fair value. Carillon also utilizes a screening process from a pricing vendor to indicate the degree of certainty, based
 on historical data, that the closing price in the principal market where a foreign security trades is not the current market value as
 of the close of the NYSE. Securities and other assets quoted in foreign currencies are valued in U.S. dollars based on exchange rates
 provided by an independent pricing service. The pricing vendor, pricing methodology or degree of certainty may change from time to time.
 Fund securities primarily traded on foreign markets may trade on days that are not business days of the funds. Because the NAV of a fund's
 shares is determined only on business days of the fund, the value of the portfolio securities of a fund that invests in foreign securities
 may change on days when shareholders would not be able to purchase or redeem shares of the fund.

&nbsp;&nbsp;&nbsp;&nbsp;• **Fixed income securities.** Government bonds, corporate bonds, asset-backed bonds, municipal bonds, medium-term notes, short-term securities (investments that
 have a maturity date of 60 days or less), and convertible securities, including high yield or junk bonds, normally are valued on
 the basis of evaluated prices provided by independent pricing services. Evaluated prices provided by the independent pricing services
 may be determined without exclusive reliance on quoted prices, and may reflect appropriate factors and appropriate methodologies that
 have been considered by the Board such as institution-size trading in similar groups of securities, developments related to special securities,
 dividend rate, maturity and other market data. If the evaluated prices provided by the independent pricing service and independent quoted
 prices are unavailable or unreliable, the Valuation Committee will fair value the security using the Procedures.

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**NOTES TO FINANCIAL STATEMENTS** 

**December 31, 2025(Continued)** 

&nbsp;&nbsp;&nbsp;&nbsp;• **Futures and options.** Futures and options are valued on the basis of market quotations, if available and reliable. If prices provided by independent
 pricing services and independent quoted prices are unavailable or unreliable, the Valuation Committee will fair value the security using
 the Procedures.

&nbsp;&nbsp;&nbsp;&nbsp;• **Swaps.** Swaps
 are valued with prices provided by independent pricing services. If prices provided by independent pricing services are unavailable or
 unreliable, the Valuation Committee will fair value the security using the Procedures.

&nbsp;&nbsp;&nbsp;&nbsp;• **Forward contracts.** Forward contracts are valued daily at current forward rates provided by an independent pricing service. If prices provided by independent
 pricing services and independent quoted prices are unavailable or unreliable, the Valuation Committee will fair value the security using
 the Procedures.

&nbsp;&nbsp;&nbsp;&nbsp;• **Investment companies and exchange-traded funds (ETFs).** Investments in other open-end investment companies are valued at their reported NAV. The prospectuses
 for these companies explain the circumstances under which these companies will use fair value pricing and the effect of the fair value
 pricing. In addition, investments in closed-end funds and ETFs are valued on the basis of market quotations, if available and reliable.
 If the prices provided by independent pricing services and independent quoted prices are unavailable or unreliable, the Valuation Committee
 will fair value the security using the Procedures.

**Fair Value Measurements. Each fund utilizes a three-level hierarchy of inputs to establish a classification of fair value measurements. The three levels are defined as:** 

Level 1 – Valuations based on unadjusted quoted prices for identical securities in active markets;

Level 2 – Valuations based on inputs other than quoted prices that are observable, either directly or indirectly, including inputs in markets that are not considered active; and

Level 3 – Valuations based on inputs that are unobservable and significant to the fair value measurement and may include the Valuation Committee's own assumptions on determining fair value of investments.

Inputs that are used in determining fair value of an investment may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments and is affected by various factors such as the type of investment and the volume and/or level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Valuation Committee, along with any other relevant factors in the calculation of an investment's fair value. A fund uses prices and inputs that are current as of the valuation date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy. Investments falling into the Level 3 category may be classified as such due to a lack of market transparency and corroboration to support the quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models may rely on one or more significant unobservable inputs and/or significant assumptions by the Valuation Committee. Inputs used in valuations may include, but are not limited to, financial statement analysis, capital account balances, discount rates and estimated cash flows, and comparable entity data.

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**NOTES TO FINANCIAL STATEMENTS** 

**December 31, 2025(Continued)** 

The following is a summary of the inputs used to value each fund's investments as of December 31, 2025:

---

| | | | |
|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3**  |
| **RJ Eagle Municipal Income ETF** <br>|  |  |  |
| Municipal Bonds<sup>(a)</sup> | $— | $20105148 | $—  |
| **Total Investment Portfolio** | $— | $20105148 | $— |
| **RJ Eagle Vertical Income ETF**<br>|  |  |  |
| Corporate Bonds<sup>(a)</sup> | $— | $7917586 | $—  |
| Common Stocks<sup>(a)</sup> | 1821353  | —  | —  |
| Convertible Preferred Stocks | 103540  | —  | —  |
| **Total Investment Portfolio** | $1924893 | $7917586 | $— |
| **RJ Eagle GCM Dividend Select Income ETF** <br>|  |  |  |
| Common Stocks<sup>(a)</sup> | $32330272 | $— | $—  |
| Closed-End Funds | 1113833  | —  | —  |
| **Total Investment Portfolio** | $33444105 | $— | $— |

---

<sup>(a)</sup> Please see the investment portfolio for details.

At December 31, 2025, the funds did not hold any Level 3 investments.

**Foreign Currency Transactions. The books and records of each fund are maintained in U.S. dollars. Foreign currency transactions are translated into U.S. dollars on the following basis: (i) market value of investment securities, other assets and other liabilities at the daily rates of exchange, and (ii) purchases and sales of investment securities, dividend and interest income and certain expenses at the rates of exchange prevailing on the respective dates of such transactions. The funds do not isolate that portion of gains and losses on investments which is due to changes in foreign exchange rates from that which is due to changes in market prices of the investments. Such fluctuations are included with the net realized and unrealized gains and losses from investment transactions. Net realized gain (loss) on foreign currency transactions and the net change in unrealized appreciation (depreciation) on translation of assets and liabilities denominated in foreign currencies include gains and losses between trade and settlement date on securities transactions, gains and losses arising from the purchase and sale of forward foreign currency exchange contracts and gains and losses between the ex and payment dates on dividends, interest and foreign withholding taxes.** 

**Real Estate Investment Trusts ("REIT(s)"). There are certain additional risks involved in investing in REITs. These include, but are not limited to, economic conditions, changes in zoning laws, real estate values, property taxes and interest rates. Dividend income is recorded at the Manager's estimate of the income included in distributions from the REITs. Distributions received in excess of the estimated amount are recorded as a reduction of the cost of the investments. The actual amounts of income, return of capital and capital gains are only determined by each REIT after the funds' fiscal year- end and may differ from the estimated amounts.** 

**Repurchase Agreements. Each fund may enter into repurchase agreements whereby a fund, through its custodian, receives delivery of the underlying securities, the market value of which at the time of purchase is required to be in an amount of at least 100% of the resale price. Repurchase agreements involve the risk that the seller will fail to repurchase the security, as agreed. In that case, the fund will bear the risk of market value fluctuations until the security can be sold and may encounter delays and incur costs in liquidating the security. In the event of bankruptcy or insolvency of the seller, delays and costs may be incurred. During the period ended December 31, 2025, none of the funds held any repurchase agreements.** 

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**NOTES TO FINANCIAL STATEMENTS** 

**December 31, 2025(Continued)** 

**Revenue Recognition. Investment security transactions are accounted for on a trade date basis. Dividend income is recorded on the ex-dividend date. Interest income is recorded on an accrual basis.** 

**Foreign Taxes. The funds may be subject to taxes imposed by countries in which they invest, with respect to their investments in issuers existing or operating in such countries. The funds may also be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may or may not be recoverable. The funds record such taxes and recoveries as applicable, when the related income or capital gains are earned and based upon the current interpretation of tax rules and regulations that exist in the markets in which a fund invests. Some countries require governmental approval for the repatriation of investment income, capital or the proceeds of sales earned by foreign investors.** 

**Expenses. Each fund pays the investment adviser an all-inclusive fee ("unitary advisory fee") as discussed in Note 4. This investment advisory fee is calculated and accrued daily, and it includes investment management services and ordinary, recurring operating expenses of the funds, except for certain expenses as set forth in the investment advisory agreement and the funds' prospectus.** 

**Distributions. Each fund, except the Dividend Select Income ETF, distributes net investment income monthly. Distributions of net investment income are made quarterly from the Dividend Select Income ETF. Net realized gains from investment transactions during any particular fiscal year in excess of available capital loss carryforwards, which, if not distributed, would be taxable to each applicable fund, will be distributed to shareholders annually in the following fiscal year. If a fund is involved in a reorganization wherein it acquires the net assets of another fund, or has its net assets acquired by another fund, a separate and additional distribution of net investment income and/or net realized gains may be made prior to such reorganization. Each fund uses the identified cost method for determining realized gain or loss on investments for both financial and federal income tax reporting purposes.** 

Distributions made to shareholders from earnings were as follows:

---

| | | |
|:---|:---|:---|
| **Distributions from earnings** |  |  |
| **RJ Eagle Municipal Income ETF<sup>(a)</sup>** | 10/1/25 to 12/31/25 | $84141  |
| **RJ Eagle Vertical Income ETF<sup>(a)</sup>** | 10/1/25 to 12/31/25 | 57748  |
| **RJ Eagle GCM Dividend Select Income ETF<sup>(a)</sup>** | 10/1/25 to 12/31/25 | 77536 |

---

<sup>(a)</sup> Commenced operations on October 1, 2025.

**Other. In the normal course of business the funds enter into contracts that contain a variety of representations and warranties which provide general indemnifications. The funds' maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the funds and/or their affiliates that have not yet occurred. However, based on experience, the risk of loss to each fund is expected to be remote.** 

**NOTE 3 – PURCHASES AND SALES OF SECURITIES** 

During the period ended December 31, 2025, purchases and sales of investment securities (excluding short-term obligations and in-kind transactions) were as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **RJ Eagle** <br>**Municipal** <br>**Income ETF** | **RJ Eagle** <br>**Vertical** <br>**Income ETF** | **RJ Eagle** <br>**GCM Dividend** <br>**Select Income ETF**  |
| Purchases | $19958264  | $8403523  | &nbsp;&nbsp; $153291  |
| Sales | —  | 74681 | &nbsp;&nbsp; 101601 |

---

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**NOTES TO FINANCIAL STATEMENTS** 

**December 31, 2025(Continued)** 

During the period ended December 31, 2025, aggregate in-kind purchases and sales of investment securities were as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **RJ Eagle** <br>**Municipal** <br>**Income ETF** | **RJ Eagle** <br>**Vertical** <br>**Income ETF** | **RJ Eagle** <br>**GCM Dividend** <br>**Select Income ETF**  |
| Purchases | $—  | $1542148  | &nbsp;&nbsp;&nbsp; $33281220  |
| Sales | —  | —  | &nbsp;&nbsp;&nbsp; — |

---

**NOTE 4 – INVESTMENT ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES** 

Each fund has entered into an Administration Agreement with Carillon under which Carillon provides various administrative services. Carillon is paid for these services out of the unitary advisory fee under each Investment Advisory Agreement. For advisory services provided by the Manager, the investment advisory rate for each fund is as follows:

---

| | |
|:---|:---|
| **Unitary Advisory Fee Rate Schedule** | **Fee Rate**  |
| RJ Eagle Municipal Income ETF | &nbsp;&nbsp; 0.40%  |
| RJ Eagle Vertical Income ETF | &nbsp;&nbsp; 0.50%  |
| RJ Eagle GCM Dividend Select Income ETF | &nbsp;&nbsp; 0.50% |

---

**Subadvisory Fees. The Manager has entered into subadvisory agreements with certain parties (the "subadviser" or "subadvisers") to provide investment advice, portfolio management services (including the placement of brokerage orders), certain compliance and other services to the funds. Under these agreements, Carillon pays the subadvisers, each an affiliate of Carillon, annualized rates identical to those disclosed in the unitary advisory fee rate schedule. Carillon may receive payments from the subadvisers for certain marketing and related expenses. The subadvisers for the funds are as follows:** 

&nbsp;&nbsp;&nbsp;&nbsp;• **Eagle Asset Management, Inc.** ("Eagle") serves as subadviser for each of the funds

&nbsp;&nbsp;&nbsp;&nbsp;• **Tidal Investments LLC** ("Tidal") serves as subadviser for Dividend Select Income ETF.

**Expense Limitations. Carillon has contractually agreed to waive its investment advisory fee and/or reimburse certain expenses of a fund to the extent that annual operating expenses exceed a percentage of a fund's average daily net assets through May 1, 2027 as follows:** 

---

| | |
|:---|:---|
| **Contractual Expense Limitations** |  |
| RJ Eagle Municipal Income ETF | 0.45%  |
| RJ Eagle Vertical Income ETF | 0.55%  |
| RJ Eagle GCM Dividend Select Income ETF | 0.55% |

---

During the period ended December 31, 2025, there were no fund expenses waived or reimbursed by the Adviser.

**NOTE 5 – FEDERAL INCOME TAXES AND DISTRIBUTIONS** 

Each fund is treated as a single corporate taxpayer as provided for in the Tax Reform Act of 1986, as amended. Accordingly, no provision for federal income taxes is required since each of the funds intends to continue to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code and distribute to shareholders all of its taxable income and gains.

Federal income tax regulations differ from GAAP; therefore, distributions determined in accordance with tax regulations may differ significantly in amount or character from net investment income and net realized gains for financial reporting purposes. These differences primarily relate to deferral of losses from wash sales and non-REIT return of capital.

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**NOTES TO FINANCIAL STATEMENTS** 

**December 31, 2025(Continued)** 

For income tax purposes, distributions paid during the fiscal periods indicated were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **RJ Eagle** <br>**Municipal** <br>**Income ETF<sup>(a)</sup>** | **RJ Eagle** <br>**Vertical** <br>**Income ETF<sup>(a)</sup>** | **RJ Eagle** <br>**GCM Dividend Select** <br>**Income ETF<sup>(a)</sup>**  |
| Ordinary Income | 10/1/25 to 12/31/25 | &nbsp;&nbsp;&nbsp; $1334  | &nbsp;&nbsp;&nbsp; $57748  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $77536  |
| Tax Exempt | 10/1/25 to 12/31/25 | &nbsp;&nbsp;&nbsp; 82807  | &nbsp;&nbsp;&nbsp; —  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |

---

<sup>(a)</sup> Commenced operations on October 1, 2025.

Financial reporting records are adjusted for permanent book/tax differences to reflect tax character; these adjustments have no effect on net assets or NAV per share. Financial reporting records are not adjusted for temporary differences. The reclassifications arise from permanent book/tax differences primarily attributable to net operating losses, equalization, non-deductible expenses, foreign currency transactions, return of capital distributions from REITs, return of capital distributions from non-REITs, paydowns on debt securities, and sales adjustments due to passive foreign investment companies. There were no book to tax adjustments for the period ended December 31, 2025.

At December 31, 2025, capital loss carryforwards and late year loss deferrals are as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **RJ Eagle** <br>**Municipal** <br>**Income ETF** | **RJ Eagle** <br>**Vertical** <br>**Income ETF** | **RJ Eagle GCM** <br>**Dividend Select** <br>**Income ETF**  |
| Capital loss carryforwards utilized 10/1/25 to 12/31/25 | &nbsp;&nbsp; $—  | &nbsp;&nbsp;&nbsp;&nbsp; $—  | &nbsp;&nbsp;&nbsp;&nbsp; $—  |
| Capital loss carryforwards available indefinitely at 12/31/25 | &nbsp;&nbsp; —  | &nbsp;&nbsp;&nbsp;&nbsp; 450  | &nbsp;&nbsp;&nbsp;&nbsp; 1372  |
| Late year loss deferrals available at 12/31/25 | &nbsp;&nbsp; —  | &nbsp;&nbsp;&nbsp;&nbsp; —  | &nbsp;&nbsp;&nbsp;&nbsp; —  |
| Post-October capital losses at 12/31/25 | &nbsp;&nbsp; —  | &nbsp;&nbsp;&nbsp;&nbsp; —  | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

At December 31, 2025, the components of distributable earnings (losses) on a tax basis were as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | **RJ Eagle** <br>**Municipal** <br>**Income ETF** | **RJ Eagle** <br>**Vertical** <br>**Income ETF** | **RJ Eagle** <br>**GCM Dividend** <br>**Select Income ETF**  |
| Cost of investments | $20013445 | $9866379 | &nbsp;&nbsp;&nbsp; $33319668  |
| Gross unrealized appreciation | 105526  | 41653  | &nbsp;&nbsp;&nbsp; 707808  |
| Gross unrealized depreciation | (13823) | (65553) | &nbsp;&nbsp;&nbsp; (583371)  |
| Net unrealized appreciation/(depreciation) | 91703  | (23900) | &nbsp;&nbsp;&nbsp; 124437  |
| Undistributed ordinary income | 49364  | 32449  | &nbsp;&nbsp;&nbsp; 75207  |
| Undistributed long-term gain | —  | —  | &nbsp;&nbsp;&nbsp; —  |
| Total undistributed earnings | 49364  | 32449  | &nbsp;&nbsp;&nbsp; 75207  |
| Other accumulated gains (losses) | (51782) | (34109) | &nbsp;&nbsp;&nbsp; (78908)  |
| Total distributable earnings (loss) | $89285  | $(25560) | &nbsp;&nbsp;&nbsp; $120736 |

---

**NOTE 6 – PURCHASE AND SALE OF FUND SHARES**

The funds issue and redeem shares at NAV only with institutions or large investors ("Authorized Participants") and only in blocks, or multiples thereof, of 25,000 shares (each, a "Creation Unit"). Each Authorized Participant must have an executed Authorized Participant Agreement with Quasar Distributors, LLC (the "Distributor"). A standard creation or redemption transaction fee ("ETF transaction fees") may be imposed to offset transfer and other costs associated with the issuance or redemption of Creation Units. Each fund has capped the total fees that may be charged in connection with the redemption of Creation Units at 2% of the value of the Creation Units redeemed and capped the total fees that may be charged in

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**NOTES TO FINANCIAL STATEMENTS** 

**December 31, 2025(Continued)** 

connection with the creation of Creation Units at 3% of the value of the Creation Units created. To the extent transaction and other costs associated with a transaction exceed that cap, those transaction costs will be borne by a fund's remaining shareholders.

Individual fund shares may not be purchased or redeemed directly with a fund. An Authorized Participant may purchase or redeem a Creation Unit of the fund each business day that the fund is open in exchange for the delivery of a designated portfolio of in-kind securities and/or cash.

Individual fund shares may be purchased and sold only on a national securities exchange through brokers. Shares are listed for trading on NYSE Arca, Inc. ("Exchange") and because the shares will trade at market prices rather than at NAV, shares may trade at prices greater than NAV (at a premium), at NAV, or less than NAV (at a discount).

**NOTE 7 – SECURITIES LENDING** 

To earn additional income, each fund may loan portfolio securities to qualified broker dealers. The primary objective of securities lending is to supplement a fund's income through investment of the cash collateral in short-term interest bearing obligations. The collateral for a fund's loans will be marked-to-market daily so that at all times the collateral exceeds 100% of the value of the loan. A fund may terminate such loans at any time and the market risk applicable to any security loaned remains its risk. Although voting rights, or rights to consent, with respect to the loaned securities pass to the borrower, a fund retains the right to call the loans at any time on reasonable notice, and it may choose to do so in order that the securities may be voted by it if the holders of such securities are asked to vote upon or consent to matters materially affecting the investment. A fund also may call such loans in order to sell the securities involved. The borrower must add to the collateral whenever the market value of the securities rises above the level of such collateral. While securities are on loan, the funds continue to receive certain income associated with that security and any gain or loss in the market price that may occur during the term of the loan. In the case of domestic equities, the value of any dividend is received in the form of a substitute payment approximately equal to the dividend. In the case of foreign securities, a negotiated amount may be received that is less than the actual dividend, but higher than the dividend amount minus the foreign tax that the funds would be subject to on the dividend. Securities loans involve some risk. There is a risk that a borrower may default on its obligations to return loaned securities; however, the funds' securities lending agent may indemnify a fund against that risk. A fund could incur a loss if the borrower should fail financially at a time when the value of the loaned securities is greater than the collateral, and a fund could lose rights in the collateral should the borrower fail financially. The securities in which the collateral is invested may not perform sufficiently to cover the return collateral payments owed to borrowers. In addition, delays may occur in the recovery of securities from borrowers, which could interfere with a fund's ability to settle transactions. A fund will also be responsible for the risks associated with the investment of cash collateral. In any case in which the loaned securities are not returned to a fund before an ex-dividend date, the payment in lieu of the dividend that a fund receives from the securities' borrower would not be treated as a dividend for federal income tax purposes and thus would not qualify for treatment as "qualified dividend income."

When applicable, each security on loan as of the date of this report is footnoted on each fund's Investment Portfolio, along with the total value of all securities on loan. Cash collateral received for securities on loan has been invested in the First American Government Obligations Fund Class X (the "money market fund"). The money market fund is included in each respective fund's Investment Portfolio and is footnoted as having been purchased with cash collateral received for securities on loan. The value of the money market fund is included as an asset on the Statements of Assets and Liabilities as part of "Investments, at value." A liability of equal value to the cash collateral received and subsequently invested in the money market fund is included on the Statements of Assets and Liabilities as "Payable for securities lending collateral received." Income earned from securities lending, net of applicable fees, is shown on the Statement of Operations as income from "Securities lending income." Due to the absence of a master netting agreement related to the funds' participation in securities lending, no additional

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**NOTES TO FINANCIAL STATEMENTS** 

**December 31, 2025(Continued)** 

offsetting disclosures have been made on behalf of the funds for the total "Payable for securities lending collateral received" listed on the Statements of Assets and Liabilities. The funds had no securities on loan as of December 31, 2025.

**NOTE 8 – LINE OF CREDIT** 

As of December 31, 2025, the Trust has a secured line of credit of up to $350,000,000 with U.S. Bank N.A, secured by a first priority lien on the Trust's assets. Each fund may borrow up to 20.0% of the net market value of such fund's assets. The maximum aggregate borrowing limit is $350,000,000 for all funds.

Borrowings under this arrangement bear interest at U.S. Bank N.A.'s prime rate minus 1.00%, which as of December 31, 2025 was 5.75% (prime rate of 6.75% minus 1.00%). The following table shows the details of the funds' borrowing activity during the period ended December 31, 2025. Funds that are not listed did not utilize the line of credit during the period.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Maximum** <br>**Outstanding** <br>**Balance** | **Average Daily** <br>**Balance** | **Total Interest** <br>**Incurred** | **Average Annual** <br>**Interest Rate**  |
| RJ Eagle Vertical Income ETF | $985000  | &nbsp;&nbsp;&nbsp; $85187  | &nbsp;&nbsp;&nbsp; $1266  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.88%  |
| RJ Eagle GCM Dividend Select Income ETF | 8000  | &nbsp;&nbsp;&nbsp; 88  | &nbsp;&nbsp;&nbsp; 1  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.25 |

---

As of December 31, 2025, none of the funds had outstanding borrowings under the line of credit.

**NOTE 9 – SEGMENT REPORTING**

Operating segments are defined as components of a company that engage in business activities and for which discrete financial information is available and regularly reviewed by the chief operating decision maker (CODM) in deciding how to allocate resources and assess performance. The funds' president and principal executive officer, and the funds' treasurer and principal financial and accounting officer, together serve as the CODM. Each fund makes investments in accordance with its investment objective as outlined in the Prospectus and is considered one reportable segment because the CODM allocates resources and assesses the operating results of the funds on the whole.

Each fund's revenue is derived from investments in a portfolio of securities. The CODM allocates resources and assesses performance based on the operating results of the fund, which is consistent with the results presented in the statement of operations, statement of changes in net assets and financial highlights. The CODM compares each fund's performance to their benchmark index and evaluates the positioning of each fund in relation to its investment objectives. The measure of segment assets is net assets of the funds which is disclosed in the statement of assets and liabilities.

The accounting policies of the segment are the same as those described in the summary of significant accounting policies. The financial statements include all details of the segment assets, segment revenue and expenses; and reflect the financial results of the segment.

**NOTE 10 – SUBSEQUENT EVENTS** 

The funds have adopted financial reporting rules regarding subsequent events which require an entity to recognize, in the financial statements, the effects of all subsequent events that provide additional evidence about conditions that existed at the date of the Statement of Assets and Liabilities. The Manager has evaluated the funds' related events and transactions that occurred through the date of issuance of the funds' financial statements. There were no events or transactions that materially impacted the amounts or disclosures in the funds' financial statements.

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**[**TABLE OF CONTENTS**](#TOC1)**

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** 

To the Board of Trustees of Carillion Series Trust and Shareholders of RJ Eagle Municipal Income ETF, RJ Eagle Vertical Income ETF and RJ Eagle GCM Dividend Select Income ETF.

**Opinions on the Financial Statements** 

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of RJ Eagle Municipal Income ETF, RJ Eagle Vertical Income ETF and RJ Eagle GCM Dividend Select Income ETF (hereafter collectively referred to as the "Funds") as of December 31, 2025, and the related statements of operations and changes in net assets, including the related notes, and the financial highlights for the period October 1, 2025 (inception) through December 31, 2025 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of December 31, 2025, and the results of each of their operations, changes in each of their net assets, and each of the financial highlights for period October 1, 2025 (inception) through December 31, 2025 in conformity with accounting principles generally accepted in the United States of America.

**Basis for Opinions** 

These financial statements are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of December 31, 2025, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

Tampa, Florida

February 26, 2026

We have served as the auditor of one or more investment companies in Carillon Series Trust since 1985.

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**[**TABLE OF CONTENTS**](#TOC1)**

**2025 Federal Tax Notice (Unaudited)** 

The following information for the fiscal year ended December 31, 2025 for the Carillon Family of Funds is provided pursuant to provisions of the Internal Revenue Code.

The information and distributions reported herein may differ from the information and distributions taxable to the shareholders for the calendar year ended December 31, 2025. All dividends paid by the funds from net investment income are deemed to be ordinary income for federal income tax purposes. Complete information will be computed and reported in conjunction with your 2025 Form 1099-DIV.

The amounts shown may differ from amounts disclosed elsewhere in this report due to differences between tax and financial reporting requirements.

---

| | | | |
|:---|:---|:---|:---|
|  | **RJ Eagle** <br>**Municipal** <br>**Income ETF**  | **RJ Eagle** <br>**Vertical** <br>**Income ETF**  | **RJ Eagle** <br>**GCM Dividend** <br>**Select Income ETF** |
| Qualified Dividend Income  | &nbsp;&nbsp;&nbsp;&nbsp; 0.00%  | &nbsp;&nbsp;&nbsp; 15.61%  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 100.00%  |
| Dividends Received Deduction  | &nbsp;&nbsp;&nbsp;&nbsp; 0.00%  | &nbsp;&nbsp;&nbsp; 14.43%  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87.82% |

---

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**[**TABLE OF CONTENTS**](#TOC1)**

**ADDITIONAL INFORMATION** 

**The below information is required disclosure from Form N-CSR**

**Item 8. Changes in and Disagreements with Accountants for Open-End Investment Companies.** 

There were no changes in or disagreements with accountants during the period covered by this report.

**Item 9. Proxy Disclosure for Open-End Investment Companies.** 

There were no matters submitted to a vote of shareholders during the period covered by this report.

**Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Investment Companies.** 

Trustee compensation is paid by the Investment Adviser pursuant to the Investment Advisory Agreement. Additional information related to those fees is available in the Funds' Statement of Additional Information.

**Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.** 

**<u>Approval of Investment Advisory Agreement with Carillon Tower Advisers, Inc.</u>** 

<u>Overview</u>. At meetings held on November 14-15, 2024, and February 13-14, 2025 (collectively, the "Meetings"), the Board of Trustees ("Board" or "Trustees") of Carillon Series Trust (the "Trust"), including its independent members (the "Independent Trustees"), considered, and then at its meetings held on February 13-14, 2025, approved, an investment advisory agreement between Carillon Tower Advisers, Inc. ("Carillon") and the Trust, on behalf of four new series of the Trust ("Advisory Agreement"): the RJ Chartwell Premium Income ETF ("Chartwell ETF"), the RJ Eagle Municipal Income ETF ("Municipal ETF"), the RJ Eagle Vertical Income ETF ("Vertical ETF"), and the RJ Eagle GCM Dividend Select Income ETF ("GCM ETF") (each, a "Fund" and collectively, the "Funds").

The Board also approved (1) an investment subadvisory agreement between Carillon and Chartwell Investment Partners, LLC ("Chartwell") pursuant to which Chartwell will serve as subadviser to the Chartwell ETF ("Chartwell Subadvisory Agreement"), (2) an investment subadvisory agreement between Carillon and Eagle Asset Management, Inc. ("Eagle") pursuant to which Eagle will serve as subadviser to the Municipal ETF, Vertical ETF and GCM ETF ("Eagle Subadvisory Agreement"), and (3) a trading services subadvisory agreement between Carillon and Tidal Investments, LLC ("Tidal") pursuant to which Tidal will serve as subadviser to the Chartwell ETF and GCM ETF ("Tidal Subadvisory Agreement"). The Advisory Agreement, Chartwell Subadvisory Agreement, Eagle Subadvisory Agreement and Tidal Subadvisory Agreement are collectively referred to herein as the "Agreements." Eagle, Chartwell and Tidal are collectively referred to herein as the "Subadvisers."

Prior to the Meetings, the Board, with the assistance of independent legal counsel, requested and received comprehensive responses to items of information requested by counsel to the Independent Trustees in letters to Carillon, Chartwell, Eagle and Tidal, to assist the Board in determining whether to approve the Agreements. The Board also considered information that had been provided to the Board in connection with the Board's considerations of the renewal of the investment advisory agreement between Carillon and the Trust, with respect to mutual fund series of the Trust (collectively, the "Existing Funds") and the subadvisory agreements between Carillon and each of Chartwell and Eagle with respect to certain Existing Funds. At the Meetings, the Board met with representatives of Carillon, Chartwell, Eagle and Tidal and posed questions regarding certain key aspects of the materials submitted in support of the approval.

The Board accorded appropriate weight to the work, deliberations and conclusions of its various committees in determining whether to approve the Agreements. Legal counsel to the Independent Trustees provided the Board with a memorandum regarding the Board's responsibilities pertaining to the approval of the Agreements. The memorandum explained the regulatory requirements surrounding the Trustees' process for evaluating investment advisors and the terms of investment advisory contracts.

With respect to the approval of the Agreements, the Board took into consideration various factors, including, as applicable: (1) the nature, extent and quality of services to be provided to the Funds; (2) the investment performance of comparable investment accounts managed by Chartwell and Eagle in the

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**ADDITIONAL INFORMATION(Continued)** 

same strategy as each applicable Fund, or a composite of such accounts ("Comparable Accounts"); (3) the estimated costs to be incurred by Carillon, Chartwell, Eagle, Tidal and their affiliates and the resulting profits or losses; (4) the extent to which economies of scale, if any, have been taken into account in setting the fee schedule; (5) comparisons of services and fees with contracts entered into by Carillon, Chartwell, Eagle and Tidal, as applicable, with the Existing Funds and other clients; and (6) any benefits derived by Carillon, Chartwell, Eagle or Tidal from their relationships with the Funds.

Provided below is a discussion of the factors the Board considered at its Meetings to form the basis of its approval of the Agreements. The Board did not identify any particular information that was most relevant to its consideration of the Agreements, and each Trustee may have afforded different weight to the various factors.

<u>Nature, Extent and Quality of Services</u>. The Board considered information regarding the services to be provided by Carillon and the background and experience of the Carillon personnel who would be responsible for overseeing the Funds. The Board considered that Carillon would monitor the subadvisory services provided by Chartwell, Eagle and Tidal, as applicable, and services provided by the Funds' other service providers, and considered the similarities and differences between the services that Carillon would provide to the Funds and the Existing Funds, as applicable. The Board also took into consideration that Carillon would be responsible for oversight of compliance with the Funds' investment objectives and policies, review of brokerage matters, oversight of the Funds' compliance with applicable law and implementation of Board directives as they relate to the Funds. Additionally, the Board considered that Carillon would provide certain administration services to the Funds.

The Board considered information regarding each Subadviser's principal business activities, financial condition and overall capabilities to perform the services under the applicable Agreement. The Board considered that Chartwell would be responsible for making investment decisions on behalf of the Chartwell ETF and that Eagle would be responsible for making investment decisions on behalf of the Municipal ETF, Vertical ETF and GCM ETF. The Board considered that Eagle would also be responsible for placing all orders for the purchase and sale of securities and other investments for the Municipal ETF and Vertical ETF, and that Tidal would be responsible for placing all orders for the purchase and sale of securities and other investments for the Chartwell ETF and GCM ETF. The Board also considered that Tidal would provide additional capital markets services to each of the Funds pursuant to a separate agreement. In addition, the Board considered, as applicable: (1) information regarding the Subadviser personnel who will be responsible for providing services to the Funds; (2) certifications as to the adequacy of the compliance program of Carillon and the Subadvisers; (3) the financial information provided by Carillon and the Subadvisers; and (4) Carillon's recommendation of the Subadvisers. Based on this information, the Board concluded that the nature, extent and quality of the advisory services to be provided by Carillon and the Subadvisers were appropriate for each fund, as applicable, and, thus, supported a decision to approve the Agreements.

<u>Investment Performance</u>. The Board considered that the Funds are new and, therefore, had no historical performance for the Board to review. The Board also considered the historical performance record of the Comparable Accounts and comparisons of the performance of the Comparable Accounts relative to the performance of a benchmark index and a refined group of peer Funds within a Fund's Morningstar, Inc. category ("Morningstar Peer Group") for one-year, three-year, five-year, ten-year and since inception periods, as applicable. For each fund, as relevant, the Board also considered Chartwell's and Eagle's explanations regarding the Comparable Accounts' relative underperformance. Based on this information, the Board concluded that the historical investment performance record of the Comparable Accounts supported approval of the applicable Agreement.

<u>Fees and Expenses</u>. The Board considered the proposed unitary advisory fee rate payable by each fund to Carillon under the Agreement, the proposed subadvisory fee rates payable by Carillon to a Subadviser, and each fund's projected total and net expense ratios. The Board also considered the advisory fee rates paid to Chartwell and Eagle for the Comparable Accounts and representations regarding the differences in services to be provided to the Funds and those provided to the Comparable Accounts. The Board also considered the fee rates charged by Tidal to other accounts to which Tidal provides similar services, and representations regarding the reasons for such different fees.

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**ADDITIONAL INFORMATION(Continued)** 

In addition, the Board took into consideration comparisons of each fund's net expense ratio and total management fee to the average net expense ratio and total management fees of a Fund's Morningstar Peer Group based on data for the period ended December 31, 2024. The Board also considered that Carillon has undertaken contractual expense limitations with respect to the Funds. With respect to each fund, the Board considered that the Fund's net expense ratio and total management fee were lower than the average of its Morningstar Peer Group. After evaluating this information, the Board concluded that the proposed advisory and subadvisory fee rates under the Agreements were reasonable in light of the services to be provided to the Funds.

<u>Costs, Profitability and Economies of Scale</u>. In analyzing the cost of services and profitability of Carillon, Chartwell, Eagle and Tidal, the Board considered the estimated revenues to be earned and the expenses to be incurred by Carillon, Chartwell, Eagle and Tidal. The Board also took into consideration the subadvisory fee rate that Carillon will pay to each Subadviser, and that Carillon will retain a portion of the unitary management fee as compensation for serving as administrator. The Board considered Carillon's representation that it did not expect to earn a profit on the Funds, based on the Funds' projected expenses for the 12-month period following inception. In addition, the Board considered that Chartwell and Eagle are wholly-owned subsidiaries of Carillon.

In addition, the Board considered Carillon's representation that, though the fee rates for the Funds do not include breakpoints, which are a reduction of the applicable fee rate as assets increase, the current fee levels are believed to reflect a benefit to Fund investors. The Board also considered that each fund may benefit from economies of scale in the future as the Funds grow. The Board also considered the arm's-length nature of the relationship between Carillon and Tidal with respect to the negotiation of the fee rate. Based on this information, the Board concluded that the estimated costs to be incurred by Carillon, Chartwell, Eagle and Tidal and the resulting profits or losses, as well as the potential for each fund to benefit from economies of scale, supported the approval of the Agreements.

<u>Benefits</u>. The Board considered other benefits that may be realized by Carillon, Chartwell, Eagle and Tidal from their relationship with the Funds. The Board considered that Carillon's and the Subadvisers' relationships with the Funds may provide each with increased market exposure and the opportunity to expand their product lines and attract additional assets. Based on the foregoing information, the Board concluded that the potential benefits accruing to Carillon, Chartwell, Eagle and Tidal by virtue of their relationship with the Funds appear to be fair and reasonable.

<u>Conclusions</u>. Based on the various considerations described above, the Board, including a majority of the Independent Trustees, concluded with respect to the Funds that: (1) the fees proposed to be paid to Carillon, Chartwell, Eagle and Tidal under the Agreements are fair and reasonable; and (2) the Funds and their shareholders would benefit from Carillon's, Chartwell's Eagle's and Tidal's services to the applicable Funds, and approved the Agreements.

**<u>Approval of Amended Investment Advisory Agreement with Carillon Tower Advisers, Inc.</u>** 

<u>Overview</u>. At meetings held on May 15-16, 2025 (the "Meetings"), the Board of Trustees ("Board" or "Trustees") of Carillon Series Trust (the "Trust"), including its independent members (the "Independent Trustees"), considered and approved an amended investment advisory agreement (the "Amended Agreement") between Carillon Tower Advisers, Inc. ("Carillon") and the Trust, on behalf of the RJ Chartwell Premium Income ETF ("Chartwell ETF"), the RJ Eagle Municipal Income ETF ("Municipal ETF"), and the RJ Eagle GCM Dividend Select Income ETF ("GCM ETF") (each, a "Fund" and collectively, the "Funds"), which had not yet commenced operations.

The Board considered that Carillon had conducted a further review of the Funds' unitary management fees that were presented to the Board at their meetings in February 2025, the goal of which was to align the Funds' fees with those of the funds within its Morningstar, Inc. category ("Morningstar Category"). The Trustees also considered that, in connection with this review, Carillon considered feedback from potential intermediary partners, and reviewed the fees charged by the mutual fund series of the Trust (collectively, the "Existing Funds"). The Board further considered that, based on the results of this review, Carillon proposed to increase the unitary management fee of the Chartwell ETF and the Municipal ETF, and lower the unitary management fee of the GCM ETF.

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**ADDITIONAL INFORMATION(Continued)** 

Prior to the Meetings, information was provided to the Board by Carillon regarding the proposed Amended Agreement. At the Meetings, the Board met with representatives of Carillon and was provided the opportunity to pose questions regarding certain aspects of the materials submitted in support of the approval. Legal counsel to the Independent Trustees directed the Trustees to the legal memorandum regarding the Board's responsibilities pertaining to the approval of the initial investment advisory agreement between Carillon and the Trust, on behalf of the Funds ("Agreement") provided in their briefing materials for the February 2025 meetings. The memorandum explained the regulatory requirements surrounding the Trustees' process for evaluating investment advisors and the terms of investment advisory contracts.

Provided below is a discussion of the factors the Board considered at its Meetings to form the basis of its approval of the Amended Agreement. The Board did not identify any particular information that was most relevant to its consideration of the Amended Agreement, and each Trustee may have afforded different weight to the various factors.

The Board considered that the terms of the Amended Agreement would not change, other than the unitary management fee rate for the Funds, and that the services to be provided by Carillon to the Funds were not expected to change. The Board also considered that the individuals who currently were proposed to provide portfolio management services to the Funds were expected to remain the same. In determining whether to approve the Amended Agreement, the Board considered that certain information was provided in connection with the approval of the Agreement at the Board's February 2025 meeting, pursuant to which it had considered the following factors with respect to the Funds: (1) the nature, extent and quality of services to be provided to the Funds; (2) the investment performance of comparable investment accounts managed by certain of the Funds' proposed subadvisers ("Subadvisers") in the same strategy as each applicable Fund, or a composite of such accounts; (3) the estimated costs to be incurred by Carillon, the Funds' proposed Subadvisers, and their affiliates and the resulting profits or losses; (4) the extent to which economies of scale, if any, have been taken into account in setting the fee schedule; (5) comparisons of services and fees with contracts entered into by Carillon and the Subadvisers, as applicable, with the Existing Funds and other clients; and (6) any benefits derived by Carillon or the Subadvisers from their relationships with the Funds. The Board, in consideration of those factors in connection with the review of the Agreement at the February 2025 meeting, determined it was not necessary to consider each of these factors in connection with the approval of the Amended Agreement, given the foregoing considerations with respect to the Agreement.

<u>Fees and Expenses</u>. The Board considered the proposed unitary advisory fee rate payable by each fund to Carillon under the Amended Agreement and each fund's projected total and net expense ratios. In addition, the Board took into consideration comparisons of each fund's net expense ratio and total management fee to the average net expense ratio and total management fees of a Fund's Morningstar Category, and with respect to the Chartwell ETF and Municipal ETF, a sub-set of the Morningstar Category ("Peer Group"), based on data for the period ended December 31, 2024. The Board also considered that Carillon has undertaken contractual expense limitations with respect to the Funds.

With respect to the Chartwell ETF, the Board considered that the Fund's net expense ratio and total management fee were lower than the average of its Morningstar Category, and higher than the average of its Peer Group.

With respect to the Municipal ETF, the Board considered that the Fund's net expense ratio was lower than the average of its Morningstar Peer Group and higher than the average of its Peer Group, and that its total management fee was equal to the average of its Morningstar Category and Peer Group.

With respect to the GCM ETF, the Board considered that the Fund's net expense ratio and total management fee were lower than the average of its Morningstar Category.

After evaluating this information, the Board concluded that the proposed advisory and subadvisory fee rates under the Amended Agreement were reasonable in light of the services to be provided to the Funds.

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**ADDITIONAL INFORMATION(Continued)** 

<u>Conclusions</u>. Based on the various considerations described above, the Board, including a majority of Trustees who are not "interested persons" of the Funds or Carillon, as that term is defined in the Investment Company Act of 1940, as amended, concluded with respect to the Funds that: (1) the fees proposed to be paid to Carillon under the Amended Agreement are fair and reasonable; and (2) the Funds and their shareholders would benefit from Carillon's, services to the Funds, and approved the Amended Agreement.

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![](carillonfamilyoffunds.jpg)

**Carillon Chartwell Mid Cap Value Fund** 

**Carillon Chartwell Small Cap Growth Fund**

**Carillon Chartwell Small Cap Value Fund**

**Carillon ClariVest Capital Appreciation Fund**

**Carillon ClariVest International Stock Fund**

**Carillon Eagle Growth & Income Fund**

**Carillon Eagle Mid Cap Growth Fund**

**Carillon Eagle Small Cap Growth Fund**

**Carillon Scout Mid Cap Fund**

**Carillon CHARTWELL Small Cap Fund**

**Carillon Chartwell Real Income Fund**

**Carillon Chartwell Short Duration High Yield Fund**

**Carillon Reams Core Bond Fund**

**Carillon Reams Core Plus Bond Fund**

**Carillon Reams Unconstrained Bond Fund** 

Core Financial Statements

December 31, 2025

------

**TABLE OF CONTENTS** 

---

| | |
|:---|:---|
|  | **Page** |
| [Schedule of Investments](#soi1)<br>|  |
| &nbsp;&nbsp;&nbsp; [Carillon Chartwell Mid Cap Value Fund](#soi1) | [1](#soi1) |
| &nbsp;&nbsp;&nbsp; [Carillon Chartwell Small Cap Growth Fund](#soi2) | [3](#soi2) |
| &nbsp;&nbsp;&nbsp; [Carillon Chartwell Small Cap Value Fund](#soi3) | [5](#soi3) |
| &nbsp;&nbsp;&nbsp; [Carillon ClariVest Capital Appreciation Fund](#soi4) | [7](#soi4) |
| &nbsp;&nbsp;&nbsp; [Carillon ClariVest International Stock Fund](#soi5) | [9](#soi5) |
| &nbsp;&nbsp;&nbsp; [Carillon Eagle Growth & Income Fund](#soi6) | [12](#soi6) |
| &nbsp;&nbsp;&nbsp; [Carillon Eagle Mid Cap Growth Fund](#soi7) | [14](#soi7) |
| &nbsp;&nbsp;&nbsp; [Carillon Eagle Small Cap Growth Fund](#soi8) | [16](#soi8) |
| &nbsp;&nbsp;&nbsp; [Carillon Scout Mid Cap Fund](#soi9) | [18](#soi9) |
| &nbsp;&nbsp;&nbsp; [Carillon Chartwell Small Cap Fund](#soi10) | [21](#soi10) |
| &nbsp;&nbsp;&nbsp; [Carillon Chartwell Real Income Fund](#soi111) | [23](#soi111) |
| &nbsp;&nbsp;&nbsp; [Carillon Chartwell Short Duration High Yield Fund](#soi12) | [26](#soi12) |
| &nbsp;&nbsp;&nbsp; [Carillon Reams Core Bond Fund](#soi13) | [29](#soi13) |
| &nbsp;&nbsp;&nbsp; [Carillon Reams Core Plus Bond Fund](#soi14) | [36](#soi14) |
| &nbsp;&nbsp;&nbsp; [Carillon Reams Unconstrained Bond Fund](#soi15) | [48](#soi15) |
| [Statements of Assets and Liabilities](#sal) | [61](#sal) |
| [Statements of Operations](#sop) | [69](#sop) |
| [Statements of Changes in Net Assets](#scna) | [75](#scna) |
| [Financial Highlights](#fihi) | [84](#fihi) |
| [Notes to Financial Statements](#notes) | [91](#notes) |
| [Report of Independent Registered Public Accounting Firm](#report) | [116](#report) |
| [2025 Federal Tax Notice](#fedtax) | [118](#fedtax) |
| [Additional Information](#addinf) | [119](#addinf) |

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**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON CHARTWELL MID CAP VALUE FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — 96.6%**<br>|  |  |
| **Aerospace & Defense — 2.6%**<br>|  |  |
| CAE, Inc.<sup>(a)</sup> | 18230 | $554557  |
| **Banks — 4.6%**<br>|  |  |
| First Horizon Corp. | 21512 | 514137  |
| M&T Bank Corp. | 2363 | 476097  |
|  |  | 990234  |
| **Beverages — 1.5%**<br>|  |  |
| Primo Brands Corp. | 19621 | 320803  |
| **Building Products — 4.1%**<br>|  |  |
| A.O. Smith Corp. | 6234 | 416930  |
| Advanced Drainage Systems, Inc. | 3152 | 456504  |
|  |  | 873434  |
| **Chemicals — 3.6%**<br>|  |  |
| Axalta Coating Systems Ltd.<sup>(a)</sup> | 14075 | 454763  |
|  International Flavors & Fragrances, Inc. | 4718 | 317946  |
|  |  | 772709  |
| **Consumer Finance — 2.0%**<br>|  |  |
| Synchrony Financial | 5064 | 422489  |
| **Containers & Packaging — 4.5%**<br>|  |  |
| Crown Holdings, Inc. | 5483 | 564585  |
| International Paper Co. | 10232 | 403038  |
|  |  | 967623  |
| **Distributors — 1.9%**<br>|  |  |
| Genuine Parts Co. | 3206 | 394210  |
| **Electrical Equipment — 3.4%**<br>|  |  |
| nVent Electric PLC | 2641 | 269303  |
| Regal Rexnord Corp. | 3197 | 448603  |
|  |  | 717906  |
|  **Electronic Equipment, Instruments & Components — 4.0%**<br>|  |  |
| Keysight Technologies, Inc.<sup>(a)</sup> | 1476 | 299908  |
| Littelfuse, Inc. | 2191 | 554148  |
|  |  | 854056  |
| **Energy Equipment & Services — 3.8%** | **Energy Equipment & Services — 3.8%** | **Energy Equipment & Services — 3.8%** |
| Baker Hughes Co. | 9733 | 443241  |
| Weatherford International PLC | 4680 | 366257  |
|  |  | 809498  |
| **Food Products — 1.8%**<br>|  |  |
| Tyson Foods, Inc. - Class A | 6577 | 385544  |
| **Ground Transportation - 2.4%**<br>|  |  |
|  Knight-Swift Transportation Holdings, Inc. | 9927 | 518984  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| &nbsp;&nbsp;&nbsp; **Health Care Equipment &** <br>**Supplies — 7.5%**<br>|  |  |
| Align Technology, Inc.<sup>(a)</sup> | 3079 | $480786  |
| Globus Medical, Inc. - Class A<sup>(a)</sup> | 7447 | 650198  |
| The Cooper Cos, Inc.<sup>(a)</sup> | 5765 | 472499  |
|  |  | 1603483  |
| **Hotels, Restaurants & Leisure — 3.1%** | **Hotels, Restaurants & Leisure — 3.1%** | **Hotels, Restaurants & Leisure — 3.1%** |
| Expedia Group, Inc. | 918 | 260079  |
|  Restaurant Brands International, Inc. | 5788 | 394915  |
|  |  | 654994  |
| **Household Durables — 1.1%**<br>|  |  |
| Lennar Corp. - Class A | 2345 | 241066  |
| **Household Products — 2.0%**<br>|  |  |
| The Clorox Co. | 4262 | 429737  |
| **Insurance — 1.9%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; The Hanover Insurance Group, <br>Inc. | 2201 | 402277  |
| **IT Services — 2.7%**<br>|  |  |
|  Cognizant Technology Solutions Corp. - Class A | 6913 | 573779  |
| **Leisure Products — 3.1%**<br>|  |  |
| Brunswick Corp. | 8762 | 650491  |
| &nbsp;&nbsp;&nbsp; **Life Sciences Tools &** <br>**Services — 4.7%**<br>|  |  |
| Avantor, Inc.<sup>(a)</sup> | 36081 | 413488  |
| Bruker Corp. | 12339 | 581290  |
|  |  | 994778  |
| **Machinery — 7.1%**<br>|  |  |
| CNH Industrial NV | 32758 | 302029  |
| Gates Industrial Corp. PLC<sup>(a)</sup> | 15763 | 338431  |
| Stanley Black & Decker, Inc. | 4210 | 312719  |
| The Middleby Corp.<sup>(a)</sup> | 3733 | 554985  |
|  |  | 1508164  |
| **Marine Transportation — 2.4%**<br>|  |  |
| Kirby Corp.<sup>(a)</sup> | 4684 | 516083  |
| **Multi-Utilities — 6.1%**<br>|  |  |
| Ameren Corp. | 4345 | 433892  |
| CMS Energy Corp. | 5847 | 408881  |
|  Public Service Enterprise Group, Inc. | 5638 | 452731  |
|  |  | 1295504  |
| **Office REITs — 1.5%**<br>|  |  |
| Cousins Properties, Inc. | 12444 | 320806  |
| **Oil, Gas & Consumable Fuels — 3.4%** | **Oil, Gas & Consumable Fuels — 3.4%** | **Oil, Gas & Consumable Fuels — 3.4%** |
| Diamondback Energy, Inc. | 1774 | 266685  |
| Expand Energy Corp. | 4163 | 459429  |
|  |  | 726114  |

---

The accompanying notes are an integral part of these financial statements.

1<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON CHARTWELL MID CAP VALUE FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — (Continued)** | **COMMON STOCKS — (Continued)** | **COMMON STOCKS — (Continued)** |
|  **Real Estate Management & Development — 2.3%**<br>|  |  |
| Jones Lang LaSalle, Inc.<sup>(a)</sup> | 1461 | $491583  |
| **Residential REITs — 1.6%**<br>|  |  |
|  Mid-America Apartment Communities, Inc. | 2434 | 338107  |
| **Retail REITs — 1.6%**<br>|  |  |
| Brixmor Property Group, Inc. | 12939 | 339261  |
|  **Semiconductors & Semiconductor Equipment — 1.9%**<br>|  |  |
| ON Semiconductor Corp.<sup>(a)</sup> | 7495 | 405854  |
| **Specialized REITs — 2.4%**<br>|  |  |
| CubeSmart | 7552 | 272250  |
| SBA Communications Corp. | 1263 | 244302  |
|  |  | 516552  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $16,816,207)** |  | 20590680  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 96.6%** <br>**(Cost $16,816,207)** |  | $20590680  |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of <br>Liabilities — 3.4% |  | 735594  |
| **TOTAL NET ASSETS — 100.0%** |  | $21326274 |

---

Percentages are stated as a percent of net assets.

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

PLC - Public Limited Company

REIT - Real Estate Investment Trust

<sup>(a)</sup> Non-income producing security.

The accompanying notes are an integral part of these financial statements.

2<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON CHARTWELL SMALL CAP GROWTH FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — 94.9%**<br>|  |  |
| **Aerospace & Defense — 5.9%**<br>|  |  |
| AAR Corp.<sup>(a)</sup> | 20404 | $1689247  |
| AeroVironment, Inc.<sup>(a)(b)</sup> | 9298 | 2249093  |
| ATI, Inc.<sup>(a)</sup> | 7953 | 912686  |
| Carpenter Technology Corp. | 5935 | 1868576  |
|  |  | 6719602  |
| **Banks — 5.8%**<br>|  |  |
| Axos Financial, Inc.<sup>(a)</sup> | 14403 | 1240963  |
| Columbia Banking System, Inc. | 44576 | 1245899  |
| First Horizon Corp. | 92329 | 2206663  |
| Wintrust Financial Corp. | 13794 | 1928677  |
|  |  | 6622202  |
| **Biotechnology — 9.3%**<br>|  |  |
| ADMA Biologics, Inc.<sup>(a)</sup> | 43648 | 796140  |
| Arrowhead Pharmaceuticals, Inc.<sup>(a)</sup> | 18871 | 1252846  |
| Bridgebio Pharma, Inc.<sup>(a)</sup> | 19415 | 1485053  |
| Cytokinetics, Inc.<sup>(a)</sup> | 14289 | 907923  |
| KalVista Pharmaceuticals, Inc.<sup>(a)</sup> | 32814 | 529946  |
| Madrigal Pharmaceuticals, Inc.<sup>(a)</sup> | 1816 | 1057530  |
| Palvella Therapeutics, Inc.<sup>(a)</sup> | 5414 | 566683  |
| Rhythm Pharmaceuticals, Inc.<sup>(a)</sup> | 7185 | 769082  |
| Scholar Rock Holding Corp.<sup>(a)</sup> | 29647 | 1305950  |
| Viking Therapeutics, Inc.<sup>(a)</sup> | 27644 | 972516  |
| Xenon Pharmaceuticals, Inc.<sup>(a)</sup> | 20189 | 904871  |
|  |  | 10548540  |
| **Broadline Retail — 1.0%**<br>|  |  |
|  Ollie's Bargain Outlet Holdings, Inc.<sup>(a)</sup> | 9880 | 1082947  |
| **Building Products — 1.5%**<br>|  |  |
| Modine Manufacturing Co.<sup>(a)</sup> | 12420 | 1658194  |
| **Chemicals — 0.7%**<br>|  |  |
| Avient Corp. | 25221 | 787904  |
| **Communications Equipment — 2.4%** | **Communications Equipment — 2.4%** | **Communications Equipment — 2.4%** |
| Lumentum Holdings, Inc.<sup>(a)</sup> | 7333 | 2702870  |
| **Construction & Engineering — 6.4%** | **Construction & Engineering — 6.4%** | **Construction & Engineering — 6.4%** |
| Comfort Systems USA, Inc. | 3080 | 2874533  |
| Dycom Industries, Inc.<sup>(a)</sup> | 4756 | 1607052  |
| Sterling Infrastructure, Inc.<sup>(a)</sup> | 8941 | 2738003  |
|  |  | 7219588  |
|  **Diversified Telecommunication Services — 0.4%**<br>|  |  |
| AST SpaceMobile, Inc.<sup>(a)</sup> | 5931 | 430769  |
| **Electric Utilities — 1.0%**<br>|  |  |
| IDACORP, Inc. | 8836 | 1118284  |
| **Electrical Equipment — 1.6%**<br>|  |  |
| Eos Energy Enterprises, Inc.<sup>(a)</sup> | 33002 | 378203  |
| Powell Industries, Inc. | 4367 | 1392112  |
|  |  | 1770315  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
|  **Electronic Equipment, Instruments & Components — 5.9%**<br>|  |  |
| Coherent Corp.<sup>(a)</sup> | 14784 | $2728683  |
| Fabrinet<sup>(a)</sup> | 5674 | 2583259  |
| Itron, Inc.<sup>(a)</sup> | 9511 | 883191  |
| Powerfleet, Inc.<sup>(a)</sup> | 90913 | 483657  |
|  |  | 6678790  |
| **Entertainment — 0.8%**<br>|  |  |
| Sphere Entertainment Co.<sup>(a)</sup> | 9057 | 861140  |
| **Financial Services — 0.3%**<br>|  |  |
| Walker & Dunlop, Inc. | 6422 | 386283  |
| **Health Care Equipment & Supplies — 5.0%** | **Health Care Equipment & Supplies — 5.0%** | **Health Care Equipment & Supplies — 5.0%** |
| ICU Medical, Inc.<sup>(a)</sup> | 8356 | 1192150  |
| Inspire Medical Systems, Inc.<sup>(a)</sup> | 6186 | 570535  |
| iRhythm Technologies, Inc.<sup>(a)</sup> | 6097 | 1081852  |
| Merit Medical Systems, Inc.<sup>(a)</sup> | 31736 | 2797211  |
|  |  | 5641748  |
| **Health Care Providers & Services — 5.0%** | **Health Care Providers & Services — 5.0%** | **Health Care Providers & Services — 5.0%** |
| BrightSpring Health Services, Inc.<sup>(a)</sup> | 25043 | 937860  |
| GeneDx Holdings Corp.<sup>(a)</sup> | 12306 | 1600518  |
| Guardant Health, Inc.<sup>(a)</sup> | 16684 | 1704104  |
| HealthEquity, Inc.<sup>(a)</sup> | 6380 | 584472  |
| RadNet, Inc.<sup>(a)</sup> | 11652 | 831370  |
|  |  | 5658324  |
| **Health Care Technology — 0.6%**<br>|  |  |
| Waystar Holding Corp.<sup>(a)</sup> | 20550 | 673013  |
| **Hotel & Resort REITs — 1.1%**<br>|  |  |
| Ryman Hospitality Properties, Inc. | 12878 | 1218516  |
| **Hotels, Restaurants & Leisure — 2.5%** | **Hotels, Restaurants & Leisure — 2.5%** | **Hotels, Restaurants & Leisure — 2.5%** |
| Boyd Gaming Corp. | 18692 | 1593306  |
| Churchill Downs, Inc. | 4564 | 519292  |
| Dutch Bros, Inc. - Class A<sup>(a)</sup> | 12437 | 761393  |
|  |  | 2873991  |
| **Household Durables — 1.3%**<br>|  |  |
| Installed Building Products, Inc. | 5525 | 1433130  |
|  **Independent Power and Renewable Electricity Producers — 1.5%**<br>|  |  |
| Talen Energy Corp.<sup>(a)</sup> | 4482 | 1680033  |
| **Insurance — 1.2%**<br>|  |  |
|  Skyward Specialty Insurance Group, Inc.<sup>(a)</sup> | 26815 | 1370515  |
| **Life Sciences Tools & Services — 0.6%** | **Life Sciences Tools & Services — 0.6%** | **Life Sciences Tools & Services — 0.6%** |
| Adaptive Biotechnologies Corp.<sup>(a)</sup> | 43390 | 704654  |
| **Machinery — 2.6%**<br>|  |  |
| Crane Co. | 6652 | 1226828  |
| Esab Corp. | 7804 | 871863  |
| Federal Signal Corp. | 7468 | 810950  |
|  |  | 2909641  |

---

The accompanying notes are an integral part of these financial statements.

3<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON CHARTWELL SMALL CAP GROWTH FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — (Continued)** | **COMMON STOCKS — (Continued)** | **COMMON STOCKS — (Continued)** |
| **Media — 0.7%**<br>|  |  |
| Magnite, Inc.<sup>(a)</sup> | 50165 | $814178  |
| **Oil, Gas & Consumable Fuels — 2.3%** | **Oil, Gas & Consumable Fuels — 2.3%** | **Oil, Gas & Consumable Fuels — 2.3%** |
| Antero Resources Corp.<sup>(a)</sup> | 29630 | 1021050  |
| Gulfport Energy Corp.<sup>(a)</sup> | 7750 | 1611922  |
|  |  | 2632972  |
| **Pharmaceuticals — 6.6%**<br>|  |  |
| Amneal Pharmaceuticals, Inc.<sup>(a)</sup> | 114312 | 1440331  |
| ANI Pharmaceuticals, Inc.<sup>(a)</sup> | 15561 | 1228386  |
| Axsome Therapeutics, Inc.<sup>(a)</sup> | 12052 | 2201177  |
| Maze Therapeutics, Inc.<sup>(a)</sup> | 17465 | 723575  |
| &nbsp;&nbsp;&nbsp; Structure Therapeutics, Inc. - <br>ADR<sup>(a)</sup> | 10803 | 751349  |
| Supernus Pharmaceuticals, Inc.<sup>(a)</sup> | 15256 | 758223  |
| WaVe Life Sciences Ltd.<sup>(a)</sup> | 24343 | 413831  |
|  |  | 7516872  |
| **Professional Services — 1.8%**<br>|  |  |
| ExlService Holdings, Inc.<sup>(a)</sup> | 27544 | 1168967  |
| Parsons Corp.<sup>(a)</sup> | 14582 | 901168  |
|  |  | 2070135  |
| **Retail REITs — 0.9%**<br>|  |  |
| Curbline Properties Corp. | 45701 | 1060720  |
|  **Semiconductors & Semiconductor Equipment — 7.3%**<br>|  |  |
|  Credo Technology Group Holding Ltd.<sup>(a)</sup> | 13986 | 2012446  |
|  MACOM Technology Solutions Holdings, Inc.<sup>(a)</sup> | 15541 | 2661862  |
| Onto Innovation, Inc.<sup>(a)</sup> | 6546 | 1033352  |
| Rambus, Inc.<sup>(a)</sup> | 17982 | 1652366  |
|  Silicon Motion Technology Corp. - ADR | 9836 | 911797  |
|  |  | 8271823  |
| **Software — 2.5%**<br>|  |  |
| AvePoint, Inc.<sup>(a)</sup> | 56741 | 788133  |
|  Clearwater Analytics Holdings, Inc. - Class A<sup>(a)</sup> | 56544 | 1363841  |
| Commvault Systems, Inc.<sup>(a)</sup> | 5402 | 677195  |
|  |  | 2829169  |
| **Specialty Retail — 2.7%**<br>|  |  |
| Boot Barn Holdings, Inc.<sup>(a)</sup> | 7054 | 1244819  |
| Burlington Stores, Inc.<sup>(a)</sup> | 6296 | 1818600  |
|  |  | 3063419  |
| **Textiles, Apparel & Luxury Goods — 1.3%** | **Textiles, Apparel & Luxury Goods — 1.3%** | **Textiles, Apparel & Luxury Goods — 1.3%** |
| Birkenstock Holding PLC<sup>(a)</sup> | 15179 | 620821  |
| Kontoor Brands, Inc. | 13739 | 839316  |
|  |  | 1460137  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **Trading Companies & Distributors — 4.4%** | **Trading Companies & Distributors — 4.4%** | **Trading Companies & Distributors — 4.4%** |
| &nbsp;&nbsp;&nbsp; Applied Industrial Technologies, <br>Inc. | 9237 | $2371784  |
| FTAI Aviation Ltd. | 12014 | 2364956  |
| McGrath RentCorp | 2200 | 230846  |
|  |  | 4967586  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $83,332,571)** |  | 107438004  |
| **SHORT-TERM INVESTMENTS — 0.8%** | **SHORT-TERM INVESTMENTS — 0.8%** | **SHORT-TERM INVESTMENTS — 0.8%** |
| **Money Market Funds — 0.8%**<br>|  |  |
|  First American Government Obligations Fund - Class X, 3.67%<sup>(c)</sup> | 862785 | 862785  |
| &nbsp;&nbsp;&nbsp; **TOTAL SHORT-TERM INVESTMENTS** <br>**(Cost $862,785)** |  | 862785  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 95.7%** <br>**(Cost $84,195,356)** |  | $108300789  |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of <br>Liabilities — 4.3% |  | 4862168  |
| **TOTAL NET ASSETS — 100.0%** |  | $113162957 |

---

Percentages are stated as a percent of net assets.

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

ADR - American Depositary Receipt

PLC - Public Limited Company

REIT - Real Estate Investment Trust

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of this security is on loan as of December 31, 2025. The total market value of these securities was $838,149 which represented 0.7% of net assets.

<sup>(c)</sup> The rate shown represents the 7-day annualized yield as of December 31, 2025. Investment made with cash collateral received for securities on loan.

The accompanying notes are an integral part of these financial statements.

4<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON CHARTWELL SMALL CAP VALUE FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — 100.8%**<br>|  |  |
| **Aerospace & Defense — 2.6%**<br>|  |  |
| AAR Corp.<sup>(a)</sup> | 7150 | $591949  |
| Moog, Inc. - Class A | 2222 | 541168  |
|  |  | 1133117  |
| **Air Freight & Logistics — 2.0%**<br>|  |  |
| Hub Group, Inc. - Class A | 20827 | 887438  |
| **Automobile Components — 2.1%**<br>|  |  |
| Gentherm, Inc.<sup>(a)</sup> | 13094 | 476229  |
| Visteon Corp. | 4628 | 440123  |
|  |  | 916352  |
| **Banks — 18.8%**<br>|  |  |
| Atlantic Union Bankshares Corp. | 21814 | 770034  |
| Columbia Banking System, Inc. | 30440 | 850798  |
| CVB Financial Corp. | 32549 | 605411  |
| First Financial Bancorp | 21640 | 541433  |
| FNB Corp. | 53371 | 912644  |
| Old National Bancorp | 40770 | 909579  |
| Provident Financial Services, Inc. | 30482 | 602020  |
| Renasant Corp. | 24759 | 872012  |
| Towne Bank | 23613 | 787966  |
| United Bankshares, Inc. | 20405 | 783552  |
| United Community Banks, Inc. | 19928 | 622152  |
|  |  | 8257601  |
| **Beverages — 0.7%**<br>|  |  |
| Primo Brands Corp. | 20215 | 330515  |
| **Building Products — 1.8%**<br>|  |  |
| American Woodmark Corp.<sup>(a)</sup> | 8334 | 449202  |
| Quanex Building Products Corp. | 23049 | 354494  |
|  |  | 803696  |
| **Chemicals — 6.8%**<br>|  |  |
| Ashland, Inc. | 11443 | 671361  |
| Avient Corp. | 21779 | 680376  |
| HB Fuller Co. | 7629 | 453620  |
| Methanex Corp. | 15029 | 596952  |
| Quaker Chemical Corp. | 4207 | 577663  |
|  |  | 2979972  |
| **Commercial Services & Supplies — 1.6%** | **Commercial Services & Supplies — 1.6%** |  |
| MillerKnoll, Inc. | 38469 | 703213  |
| **Construction & Engineering — 1.3%** | **Construction & Engineering — 1.3%** |  |
| Centuri Holdings, Inc.<sup>(a)</sup> | 22215 | 560929  |
|  **Consumer Staples Distribution & Retail — 1.0%**<br>|  |  |
| PriceSmart, Inc. | 3710 | 455106  |
| **Electrical Equipment — 1.0%**<br>|  |  |
| nVent Electric PLC | 4542 | 463148  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| &nbsp;&nbsp;&nbsp; **Electronic Equipment, Instruments &** <br>**Components — 5.1%** | &nbsp;&nbsp;&nbsp; **Electronic Equipment, Instruments &** <br>**Components — 5.1%** |  |
| CTS Corp. | 8344 | $357707  |
| IPG Photonics Corp.<sup>(a)</sup> | 9613 | 688291  |
| Plexus Corp.<sup>(a)</sup> | 2918 | 428946  |
| Rogers Corp.<sup>(a)</sup> | 8196 | 750508  |
|  |  | 2225452  |
| **Energy Equipment & Services — 4.6%** | **Energy Equipment & Services — 4.6%** |  |
| Cactus, Inc. - Class A | 16488 | 753172  |
| Patterson-UTI Energy, Inc. | 70466 | 430547  |
| Weatherford International PLC | 10547 | 825408  |
|  |  | 2009127  |
| **Food Products — 2.9%**<br>|  |  |
| J&J Snack Foods Corp. | 4598 | 415521  |
| Nomad Foods Ltd. | 68336 | 854884  |
|  |  | 1270405  |
| **Gas Utilities — 1.4%**<br>|  |  |
| ONE Gas, Inc. | 8213 | 634454  |
| **Ground Transportation — 1.6%**<br>|  |  |
| Werner Enterprises, Inc. | 23768 | 713278  |
| **Health Care Equipment & Supplies — 6.4%** | **Health Care Equipment & Supplies — 6.4%** |  |
| CONMED Corp. | 14351 | 582651  |
| Enovis Corp.<sup>(a)</sup> | 14740 | 392674  |
| Envista Holdings Corp.<sup>(a)</sup> | 29331 | 636776  |
| ICU Medical, Inc.<sup>(a)</sup> | 3071 | 438139  |
| Integer Holdings Corp.<sup>(a)</sup> | 9905 | 776849  |
|  |  | 2827089  |
| **Hotel & Resort REITs — 2.1%**<br>|  |  |
| Pebblebrook Hotel Trust | 37626 | 425926  |
| Ryman Hospitality Properties, Inc. | 5426 | 513408  |
|  |  | 939334  |
| **Household Durables — 2.0%**<br>|  |  |
| Century Communities, Inc. | 5957 | 353548  |
| Tri Pointe Homes, Inc.<sup>(a)</sup> | 16987 | 534581  |
|  |  | 888129  |
| **Industrial REITs — 2.2%**<br>|  |  |
| First Industrial Realty Trust, Inc. | 6937 | 397282  |
| STAG Industrial, Inc. | 15181 | 558053  |
|  |  | 955335  |
| **Insurance — 1.0%**<br>|  |  |
| Selective Insurance Group, Inc. | 5209 | 435837  |
| **Leisure Products — 1.0%**<br>|  |  |
| Malibu Boats, Inc. - Class A<sup>(a)</sup> | 16200 | 457002  |
| **Life Sciences Tools & Services — 2.4%** | **Life Sciences Tools & Services — 2.4%** |  |
| Bruker Corp. | 22441 | 1057195  |

---

The accompanying notes are an integral part of these financial statements.

5<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON CHARTWELL SMALL CAP VALUE FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — (Continued)**  | **COMMON STOCKS — (Continued)**  | **COMMON STOCKS — (Continued)**  |
| **Machinery — 6.2%**<br>|  |  |
| Gates Industrial Corp. PLC<sup>(a)</sup> | 28954 | $621642  |
| Helios Technologies, Inc. | 16127 | 862633  |
| JBT Marel Corp. | 4923 | 741749  |
| Kennametal, Inc. | 17694 | 502687  |
|  |  | 2728711  |
| **Metals & Mining — 0.9%**<br>|  |  |
| Materion Corp. | 3359 | 417591  |
| **Multi-Utilities — 1.8%**<br>|  |  |
| Northwestern Energy Group, Inc. | 11990 | 773835  |
| **Office REITs — 0.8%**<br>|  |  |
| Highwoods Properties, Inc. | 13321 | 343948  |
| **Oil, Gas & Consumable Fuels — 2.2%** | **Oil, Gas & Consumable Fuels — 2.2%** |  |
| CNX Resources Corp.<sup>(a)</sup> | 15735 | 578576  |
| Matador Resources Co. | 9459 | 401440  |
|  |  | 980016  |
| **Pharmaceuticals — 2.0%**<br>|  |  |
| Elanco Animal Health, Inc.<sup>(a)</sup> | 38027 | 860551  |
| **Professional Services — 1.4%**<br>|  |  |
| Korn Ferry | 9475 | 625539  |
|  **Real Estate Management & Development — 2.1%**<br>|  |  |
| Cushman & Wakefield Ltd.<sup>(a)</sup> | 56279 | 911157  |
| **Residential REITs — 0.9%**<br>|  |  |
| Independence Realty Trust, Inc. | 22989 | 401848  |
| **Retail REITs — 1.6%**<br>|  |  |
| Kite Realty Group Trust | 28822 | 690863  |
|  **Semiconductors & Semiconductor Equipment — 3.1%**<br>|  |  |
| Diodes, Inc.<sup>(a)</sup> | 15503 | 764918  |
| Ichor Holdings Ltd.<sup>(a)</sup> | 31723 | 584655  |
|  |  | 1349573  |
| **Software — 1.5%**<br>|  |  |
| Blackbaud, Inc.<sup>(a)</sup> | 10110 | 640165  |
| **Specialized REITs — 1.8%**<br>|  |  |
| Four Corners Property Trust, Inc. | 17133 | 395087  |
| Smartstop Self Storage REIT, Inc. | 12937 | 400271  |
|  |  | 795358  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **Specialty Retail — 2.1%**<br>|  |  |
| Five Below, Inc.<sup>(a)</sup> | 2049 | $385950  |
| Valvoline, Inc.<sup>(a)</sup> | 18085 | 525550  |
|  |  | 911500  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $36,838,317)** |  | 44334379  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 100.8%** <br>**(Cost $36,838,317)** |  | $44334379  |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other <br>Assets — (0.8)% |  | (347461)  |
| **TOTAL NET ASSETS — 100.0%** |  | $43986918 |

---

Percentages are stated as a percent of net assets.

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

PLC - Public Limited Company

REIT - Real Estate Investment Trust

<sup>(a)</sup> Non-income producing security.

The accompanying notes are an integral part of these financial statements.

6<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON CLARIVEST CAPITAL APPRECIATION FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — 99.4%**<br>|  |  |
| **Aerospace & Defense — 1.9%**<br>|  |  |
| Curtiss-Wright Corp. | 9097 | $5014903  |
| General Electric Co. | 19408 | 5978246  |
|  |  | 10993149  |
| **Automobiles — 2.4%**<br>|  |  |
| Tesla, Inc.<sup>(a)</sup> | 30810 | 13855873  |
| **Biotechnology — 2.9%**<br>|  |  |
| AbbVie, Inc. | 27745 | 6339455  |
| Exelixis, Inc.<sup>(a)</sup> | 58481 | 2563222  |
| Gilead Sciences, Inc. | 46082 | 5656105  |
| Halozyme Therapeutics, Inc.<sup>(a)</sup> | 38633 | 2600001  |
|  |  | 17158783  |
| **Broadline Retail — 5.2%**<br>|  |  |
| Amazon.com, Inc.<sup>(a)</sup> | 131823 | 30427385  |
| **Capital Markets — 2.9%**<br>|  |  |
| Affiliated Managers Group, Inc. | 12290 | 3542961  |
| State Street Corp. | 26940 | 3475530  |
| The Goldman Sachs Group, Inc. | 10108 | 8884932  |
| Virtu Financial, Inc. - Class A | 36938 | 1230774  |
|  |  | 17134197  |
| **Communications Equipment — 2.3%** | **Communications Equipment — 2.3%** |  |
| Arista Networks, Inc.<sup>(a)</sup> | 55040 | 7211891  |
| Ciena Corp.<sup>(a)</sup> | 13556 | 3170342  |
| Cisco Systems, Inc. | 38581 | 2971894  |
|  |  | 13354127  |
| **Construction & Engineering — 0.8%** | **Construction & Engineering — 0.8%** |  |
| MasTec, Inc.<sup>(a)</sup> | 21942 | 4769533  |
|  **Consumer Staples Distribution & Retail — 3.3%**<br>|  |  |
| Costco Wholesale Corp. | 7581 | 6537400  |
| The Kroger Co. | 64088 | 4004218  |
| US Foods Holding Corp.<sup>(a)</sup> | 30013 | 2260579  |
| Walmart, Inc. | 59498 | 6628672  |
|  |  | 19430869  |
| **Diversified Consumer Services — 0.4%** | **Diversified Consumer Services — 0.4%** |  |
| ADT, Inc. | 265827 | 2145224  |
| &nbsp;&nbsp;&nbsp; **Electronic Equipment, Instruments &** <br>**Components — 0.5%** | &nbsp;&nbsp;&nbsp; **Electronic Equipment, Instruments &** <br>**Components — 0.5%** |  |
| Jabil, Inc. | 11885 | 2710018  |
| **Entertainment — 1.6%**<br>|  |  |
| Netflix, Inc.<sup>(a)</sup> | 99130 | 9294429  |
| **Financial Services — 3.4%**<br>|  |  |
| MasterCard, Inc. - Class A | 14738 | 8413630  |
| Visa, Inc. - Class A | 32337 | 11340909  |
|  |  | 19754539  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **Health Care Providers & Services — 2.4%** | **Health Care Providers & Services — 2.4%** |  |
| Cardinal Health, Inc. | 10870 | $2233785  |
| Tenet Healthcare Corp.<sup>(a)</sup> | 27737 | 5511897  |
|  Universal Health Services, Inc. - Class B | 30553 | 6661165  |
|  |  | 14406847  |
| **Health Care REITs — 0.5%**<br>|  |  |
| Welltower, Inc. | 14810 | 2748884  |
| **Hotels, Restaurants & Leisure — 1.4%** | **Hotels, Restaurants & Leisure — 1.4%** |  |
| Booking Holdings, Inc. | 1142 | 6115787  |
| Expedia Group, Inc. | 6766 | 1916875  |
|  |  | 8032662  |
| **Interactive Media & Services — 11.4%** | **Interactive Media & Services — 11.4%** |  |
| Alphabet, Inc. - Class A | 85766 | 26844758  |
| Alphabet, Inc. - Class C | 67332 | 21128781  |
| Meta Platforms, Inc. - Class A | 28610 | 18885175  |
|  |  | 66858714  |
| **IT Services — 0.6%**<br>|  |  |
| Okta, Inc.<sup>(a)</sup> | 19391 | 1676740  |
| Twilio, Inc. - Class A<sup>(a)</sup> | 14403 | 2048682  |
|  |  | 3725422  |
| **Machinery — 0.6%**<br>|  |  |
| Flowserve Corp. | 24563 | 1704181  |
|  Westinghouse Air Brake Technologies Corp. | 8188 | 1747729  |
|  |  | 3451910  |
| **Media — 0.8%**<br>|  |  |
| Fox Corp. - Class A | 67088 | 4902120  |
| **Metals & Mining — 0.7%**<br>|  |  |
| Newmont Corp. | 39059 | 3900041  |
| **Passenger Airlines — 0.2%**<br>|  |  |
| American Airlines Group, Inc.<sup>(a)</sup> | 95737 | 1467648  |
| **Pharmaceuticals — 2.1%**<br>|  |  |
| Eli Lilly & Co. | 11299 | 12142809  |
| **Professional Services — 0.7%**<br>|  |  |
| Leidos Holdings, Inc. | 22440 | 4048176  |
|  **Semiconductors & Semiconductor Equipment — 22.2%**<br>|  |  |
| Advanced Micro Devices, Inc.<sup>(a)</sup> | 13053 | 2795431  |
| Broadcom, Inc. | 91927 | 31815935  |
| Cirrus Logic, Inc.<sup>(a)</sup> | 19968 | 2366208  |
| KLA Corp. | 5628 | 6838470  |
| Micron Technology, Inc. | 16735 | 4776336  |
| NVIDIA Corp. | 415709 | 77529729  |
| QUALCOMM, Inc. | 24867 | 4253500  |
|  |  | 130375609  |

---

The accompanying notes are an integral part of these financial statements.

7<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON CLARIVEST CAPITAL APPRECIATION FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — (Continued)**  | **COMMON STOCKS — (Continued)**  | **COMMON STOCKS — (Continued)**  |
| **Software — 15.9%**<br>|  |  |
| AppLovin Corp. - Class A<sup>(a)</sup> | 6951 | $4683723  |
| Docusign, Inc.<sup>(a)</sup> | 26585 | 1818414  |
| Intuit, Inc. | 4023 | 2664916  |
| Microsoft Corp. | 119908 | 57989907  |
| Oracle Corp. | 26276 | 5121455  |
|  Palantir Technologies, Inc. - Class A<sup>(a)</sup> | 56185 | 9986884  |
| Pegasystems, Inc. | 62247 | 3717391  |
| Salesforce, Inc. | 28394 | 7521854  |
|  |  | 93504544  |
| **Specialty Retail — 1.2%**<br>|  |  |
| Five Below, Inc.<sup>(a)</sup> | 14637 | 2757025  |
| The TJX Cos., Inc. | 27483 | 4221664  |
|  |  | 6978689  |
|  **Technology Hardware, Storage & Peripherals — 10.7%**<br>|  |  |
| Apple, Inc. | 223578 | 60781915  |
| Dell Technologies, Inc. - Class C | 17487 | 2201264  |
|  |  | 62983179  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **Textiles, Apparel & Luxury Goods — 0.4%** | **Textiles, Apparel & Luxury Goods — 0.4%** |  |
| Tapestry, Inc. | 19039 | $2432613  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $178,895,365)** |  | 582987993  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 99.4%** <br>**(Cost $178,895,365)** |  | $582987993  |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of <br>Liabilities — 0.6% |  | 3338939  |
| **TOTAL NET ASSETS — 100.0%** |  | $586326932 |

---

Percentages are stated as a percent of net assets.

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

REIT - Real Estate Investment Trust

<sup>(a)</sup> Non-income producing security.

The accompanying notes are an integral part of these financial statements.

8<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Carillon ClariVest International Stock Fund** 

**Schedule of Investments** 

**December 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — 95.7%**<br>|  |  |
| **Australia — 2.5%**<br>|  |  |
| Aristocrat Leisure Ltd. | 54647 | $2115632  |
| BHP Group Ltd. | 68506 | 2067457  |
| Commonwealth Bank of Australia | 14712 | 1570349  |
| Evolution Mining Ltd. | 539343 | 4513634  |
| Northern Star Resources Ltd. | 339621 | 5976548  |
| Qantas Airways Ltd. | 904532 | 6249145  |
|  |  | 22492765  |
| **Brazil — 1.4%**<br>|  |  |
| Banco Bradesco S.A. - ADR | 1218676 | 4058191  |
| JBS NV - BDR<sup>(a)</sup> | 198300 | 2864625  |
| Vale S.A. - ADR | 417131 | 5435217  |
|  |  | 12358033  |
| **Canada — 8.2%**<br>|  |  |
| Agnico Eagle Mines Ltd. | 19700 | 3340769  |
| Bank of Montreal | 21051 | 2733846  |
|  Canadian Imperial Bank of Commerce | 78295 | 7097918  |
| Centerra Gold, Inc. | 187000 | 2692157  |
| Fairfax Financial Holdings Ltd. | 2100 | 4002309  |
| Great-West Lifeco, Inc. | 159817 | 7881689  |
| Hudbay Minerals, Inc. | 294090 | 5838733  |
| Kinross Gold Corp. | 267659 | 7539031  |
| Loblaw Cos. Ltd. | 88000 | 3978288  |
| Magna International, Inc. | 69154 | 3686567  |
| Metro, Inc. | 34000 | 2447168  |
| Royal Bank of Canada | 56475 | 9627762  |
| Shopify, Inc. - Class A<sup>(a)</sup> | 47900 | 7712579  |
| The Bank of Nova Scotia | 44418 | 3275971  |
| WSP Global, Inc. | 11700 | 2118454  |
|  |  | 73973241  |
| **China — 3.9%**<br>|  |  |
|  Agricultural Bank of China Ltd. - Class H | 2812000 | 2091915  |
| Bank of China Ltd. - Class H | 9383000 | 5379532  |
|  China Construction Bank Corp. - Class H | 3912000 | 3872141  |
|  Industrial & Commercial Bank of China Ltd. - Class H | 1529000 | 1237276  |
| JD.com, Inc. - Class A | 310550 | 4465472  |
| Jiangxi Copper Co. Ltd. - Class H | 587000 | 3244524  |
| Tencent Holdings Ltd. | 158800 | 12186874  |
| Xiaomi Corp. - Class B<sup>(a)</sup> | 489200 | 2468910  |
|  |  | 34946644  |
| **Denmark — 1.0%**<br>|  |  |
| Danske Bank AS | 111259 | 5555862  |
| Novo Nordisk AS - Class B | 65838 | 3339203  |
|  |  | 8895065  |
| **France — 6.3%**<br>|  |  |
| BNP Paribas S.A. | 39219 | 3710389  |
| Eiffage S.A. | 31115 | 4458134  |
| Engie S.A. | 292372 | 7680414  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| L'Oreal S.A. | 5558 | $2386135  |
|  LVMH Moet Hennessy Louis Vuitton SE | 5393 | 4064892  |
| Safran S.A. | 10860 | 3782719  |
| Sanofi S.A. | 39277 | 3800251  |
| Schneider Electric SE | 30718 | 8403675  |
| Societe Generale S.A. | 128555 | 10349182  |
| TotalEnergies SE | 67517 | 4401969  |
|  Unibail-Rodamco-Westfield SE REIT | 28659 | 3116574  |
|  |  | 56154334  |
| **Germany — 7.2%**<br>|  |  |
| Bayer AG | 178182 | 7728771  |
| Deutsche Bank AG | 158892 | 6123553  |
| Deutsche Telekom AG | 192630 | 6270303  |
| E.ON SE | 335296 | 6348796  |
| Fresenius SE & Co. KGaA | 111192 | 6370382  |
| Heidelberg Materials AG | 20058 | 5200172  |
| Infineon Technologies AG | 75261 | 3283706  |
| MTU Aero Engines AG | 10933 | 4532031  |
| SAP SE | 37401 | 9087255  |
| Siemens AG | 23375 | 6546783  |
| Siemens Energy AG<sup>(a)</sup> | 24698 | 3464843  |
|  |  | 64956595  |
| **Hong Kong — 1.2%**<br>|  |  |
| Alibaba Group Holding Ltd. | 598400 | 10987200  |
| **India — 1.5%**<br>|  |  |
| Axis Bank Ltd. | 236643 | 3346247  |
| HCL Technologies Ltd. | 169444 | 3062429  |
| HDFC Bank Ltd. | 436134 | 4817926  |
| ICICI Bank Ltd. - ADR | 60881 | 1814254  |
|  |  | 13040856  |
| **Ireland — 0.3%**<br>|  |  |
| PDD Holdings, Inc. - ADR<sup>(a)</sup> | 22500 | 2551275  |
| **Israel — 1.8%**<br>|  |  |
| Bank Leumi Le-Israel B.M. | 285125 | 6283501  |
|  Teva Pharmaceutical Industries Ltd. - ADR<sup>(a)</sup> | 316922 | 9891135  |
|  |  | 16174636  |
| **Italy — 2.6%**<br>|  |  |
| Enel SpA | 332199 | 3453980  |
| Intesa Sanpaolo SpA | 1206385 | 8336238  |
| Leonardo SpA | 73250 | 4189936  |
| Prysmian SpA | 72992 | 7281480  |
|  |  | 23261634  |
| **Japan — 18.0%**<br>|  |  |
| Astellas Pharma, Inc. | 482100 | 6416518  |
| Central Japan Railway Co. | 309900 | 8584230  |
| Daiwa House Industry Co. Ltd. | 84800 | 2816956  |
| FUJIFILM Holdings Corp. | 195900 | 4156687  |
| Hitachi Ltd. | 149900 | 4701099  |

---

The accompanying notes are an integral part of these financial statements.

9<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Carillon ClariVest International Stock Fund** 

**Schedule of Investments** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — (Continued)** | **COMMON STOCKS — (Continued)** | **COMMON STOCKS — (Continued)** |
| **Japan — (Continued)** | **Japan — (Continued)** | **Japan — (Continued)** |
| Honda Motor Co. Ltd. | 287000 | $2816811  |
| ITOCHU Corp. | 612500 | 7740048  |
| Japan Tobacco, Inc. | 250400 | 8999954  |
| KDDI Corp. | 545800 | 9446545  |
| Kioxia Holdings Corp.<sup>(a)</sup> | 64800 | 4312767  |
| Kirin Holdings Co. Ltd. | 240500 | 3600047  |
| Marubeni Corp. | 196300 | 5466955  |
| Mitsubishi Corp. | 163200 | 3732822  |
| Mitsubishi Estate Co. Ltd. | 149500 | 3632121  |
| &nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, <br>Inc. | 332800 | 5281893  |
| Mitsui & Co. Ltd. | 142600 | 4234840  |
| Mizuho Financial Group, Inc. | 118700 | 4331905  |
| NEC Corp. | 85700 | 2899703  |
| Nintendo Co. Ltd. | 40000 | 2700583  |
| NTT, Inc. | 2954800 | 2982844  |
| Otsuka Holdings Co. Ltd. | 132200 | 7477130  |
| SoftBank Group Corp. | 110800 | 3108310  |
| Sumitomo Corp. | 240700 | 8331230  |
| Sumitomo Electric Industries Ltd. | 319100 | 12852483  |
| Sumitomo Metal Mining Co. Ltd. | 118000 | 4725141  |
|  Sumitomo Mitsui Financial Group, Inc. | 232200 | 7467881  |
| Sumitomo Mitsui Trust Group, Inc. | 179400 | 5467191  |
| Takeda Pharmaceutical Co. Ltd. | 206300 | 6408764  |
| TDK Corp. | 478500 | 6769699  |
|  |  | 161463157  |
| **Netherlands — 3.1%**<br>|  |  |
| ASML Holding N.V. | 7172 | 7727965  |
| NN Group N.V. | 139740 | 10780179  |
| Prosus N.V. | 150965 | 9347588  |
|  |  | 27855732  |
| **Singapore — 1.7%**<br>|  |  |
| DBS Group Holdings Ltd. | 146150 | 6402050  |
| Trip.com Group Ltd. | 129350 | 9274581  |
|  |  | 15676631  |
| **South Korea — 6.2%**<br>|  |  |
| Hyundai Motor Co. | 35483 | 7327523  |
| Kia Corp. | 38075 | 3227752  |
| Korea Electric Power Corp. | 178675 | 5864057  |
| LG Uplus Corp. | 355595 | 3633583  |
| Samsung Electronics Co. Ltd. | 161628 | 13546834  |
| SK Hynix, Inc. | 48266 | 21858618  |
|  |  | 55458367  |
| **Spain — 3.7%**<br>|  |  |
|  ACS Actividades de Construccion y Servicios S.A. | 39589 | 3929811  |
|  Banco Bilbao Vizcaya Argentaria S.A. | 234747 | 5506505  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| Banco Santander S.A. | 872945 | $10274979  |
| Iberdrola S.A. | 430777 | 9327773  |
| Repsol S.A. | 219397 | 4093597  |
|  |  | 33132665  |
| **Switzerland — 4.3%**<br>|  |  |
| Logitech International S.A. | 46169 | 4686987  |
| Nestle S.A. | 22113 | 2194917  |
| Novartis AG | 83678 | 11530493  |
| Roche Holding AG | 24562 | 10143376  |
| UBS Group AG | 223550 | 10322332  |
|  |  | 38878105  |
| **Taiwan — 8.1%**<br>|  |  |
| ASE Technology Holding Co. Ltd. | 261000 | 2057965  |
| Asustek Computer, Inc. | 290000 | 5040991  |
| Compal Electronics, Inc. | 3934000 | 3800081  |
| CTBC Financial Holding Co. Ltd. | 2028000 | 3240319  |
| Eva Airways Corp. | 1882354 | 2188855  |
| &nbsp;&nbsp;&nbsp; Hon Hai Precision Industry Co. <br>Ltd. | 1185000 | 8686436  |
| MediaTek, Inc. | 143000 | 6492942  |
| Quanta Computer, Inc. | 319000 | 2755166  |
|  Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 113333 | 34440765  |
| Wistron Corp. | 915000 | 4372811  |
|  |  | 73076331  |
| **United Kingdom — 12.7%**<br>|  |  |
| 3i Group PLC | 207730 | 9108686  |
| AstraZeneca PLC | 35696 | 6605854  |
| BAE Systems PLC | 216032 | 4971970  |
| Barclays PLC | 2016454 | 12907534  |
| BP PLC | 290931 | 1696693  |
| British American Tobacco PLC | 171750 | 9736584  |
| &nbsp;&nbsp;&nbsp; Coca-Cola Europacific Partners <br>PLC | 26436 | 2397745  |
| GSK PLC | 353671 | 8670997  |
| HSBC Holdings PLC | 702476 | 11054081  |
| Imperial Brands PLC | 154465 | 6485989  |
| Lloyds Banking Group PLC | 3452576 | 4566753  |
| Marks & Spencer Group PLC | 538276 | 2395339  |
| National Grid PLC | 338312 | 5189173  |
| RELX PLC | 33968 | 1368458  |
| Rio Tinto PLC | 59809 | 4817660  |
| Rolls-Royce Holdings PLC | 478226 | 7396079  |
| Shell PLC | 155400 | 5726819  |
| SSE PLC | 66047 | 1936353  |
| Standard Chartered PLC | 134127 | 3272746  |
| Unilever PLC | 49117 | 3209155  |
|  |  | 113514668  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $568,583,923)** |  | 858847934  |

---

The accompanying notes are an integral part of these financial statements.

10<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Carillon ClariVest International Stock Fund** 

**Schedule of Investments** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **EXCHANGE TRADED FUNDS — 2.1%**<br>|  |  |
| **China — 1.1%**<br>|  |  |
|  Xtrackers Harvest CSI 300 China A-Shares Exchange Traded Fund<sup>(b)</sup> | 285208 | $9369083  |
| **India — 1.0%**<br>|  |  |
|  iShares MSCI India Exchange Traded Fund | 162851 | 8802096  |
| &nbsp;&nbsp;&nbsp; **TOTAL EXCHANGE TRADED FUNDS** <br>**(Cost $15,363,739)** |  | 18171179  |
| **SHORT-TERM INVESTMENTS — 0.0%**<br>|  |  |
| **Money Market Funds — 0.0%**<br>|  |  |
|  First American Government Obligations Fund - Class X, 3.67%<sup>(c)</sup> | 330750 | 330750  |
| &nbsp;&nbsp;&nbsp; **TOTAL SHORT-TERM INVESTMENTS** <br>**(Cost $330,750)** |  | 330750  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 97.8%** <br>**(Cost $584,278,412)** |  | $877349863  |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of <br>Liabilities — 2.2% |  | 20027742  |
| **TOTAL NET ASSETS — 100.0%** |  | $897377605 |

---

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt

PLC - Public Limited Company

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of this security is on loan as of December 31, 2025. The total market value of these securities was $321,930, which represented 0.0% of net assets.

<sup>(c)</sup> The rate shown represents the 7-day annualized yield as of December 31, 2025. Investment made with cash collateral received for securities on loan.

The accompanying notes are an integral part of these financial statements.

11<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON EAGLE GROWTH & INCOME FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — 98.9%**<br>|  |  |
| **Aerospace & Defense — 3.3%**<br>|  |  |
| RTX Corp. | 88574 | $16244472  |
| **Banks — 12.0%**<br>|  |  |
| Bank of America Corp. | 146563 | 8060965  |
| JPMorgan Chase & Co. | 75280 | 24256721  |
|  The PNC Financial Services Group, Inc. | 74242 | 15496533  |
| Wells Fargo & Co. | 121331 | 11308049  |
|  |  | 59122268  |
| **Beverages — 2.7%**<br>|  |  |
| The Coca-Cola Co. | 191827 | 13410626  |
| **Biotechnology — 3.7%**<br>|  |  |
| AbbVie, Inc. | 47879 | 10939873  |
| Gilead Sciences, Inc. | 57469 | 7053745  |
|  |  | 17993618  |
| **Building Products — 0.7%**<br>|  |  |
| Carrier Global Corp. | 61226 | 3235182  |
| **Capital Markets — 6.2%**<br>|  |  |
| Blackrock, Inc. | 8386 | 8975871  |
| Intercontinental Exchange, Inc. | 28616 | 4634648  |
| The Goldman Sachs Group, Inc. | 19217 | 16891743  |
|  |  | 30502262  |
|  **Diversified Telecommunication Services — 2.0%**<br>|  |  |
| AT&T, Inc. | 396210 | 9841856  |
| **Electric Utilities — 4.3%**<br>|  |  |
| Duke Energy Corp. | 118931 | 13939902  |
| NextEra Energy, Inc. | 92693 | 7441394  |
|  |  | 21381296  |
| **Electrical Equipment — 5.4%**<br>|  |  |
| Eaton Corp. PLC | 39965 | 12729252  |
| Emerson Electric Co. | 49127 | 6520135  |
| Rockwell Automation, Inc. | 18639 | 7251876  |
|  |  | 26501263  |
|  **Electronic Equipment, Instruments & Components — 2.6%**<br>|  |  |
| Corning, Inc. | 145534 | 12742957  |
| **Energy Equipment & Services — 0.7%**<br>|  |  |
| Baker Hughes Co. | 75564 | 3441185  |
| **Food Products — 1.5%**<br>|  |  |
|  Mondelez International, Inc. - Class A | 137069 | 7378424  |
| **Ground Transportation — 1.0%**<br>|  |  |
| Union Pacific Corp. | 21308 | 4928967  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| &nbsp;&nbsp;&nbsp; **Health Care Equipment &** <br>**Supplies — 5.0%**<br>|  |  |
| Abbott Laboratories | 97855 | $12260253  |
| Medtronic PLC | 128853 | 12377619  |
|  |  | 24637872  |
| &nbsp;&nbsp;&nbsp; **Health Care Providers &** <br>**Services — 1.5%**<br>|  |  |
| UnitedHealth Group, Inc. | 21748 | 7179232  |
| &nbsp;&nbsp;&nbsp; **Hotels, Restaurants &** <br>**Leisure — 4.0%**<br>|  |  |
| McDonald's Corp. | 44170 | 13499677  |
| Starbucks Corp. | 75303 | 6341266  |
|  |  | 19840943  |
| **Household Products — 3.0%**<br>|  |  |
| The Procter & Gamble Co. | 102775 | 14728685  |
| **IT Services — 4.5%**<br>|  |  |
| Accenture PLC - Class A | 35066 | 9408208  |
|  International Business Machines Corp. | 43350 | 12840703  |
|  |  | 22248911  |
| **Machinery — 1.1%**<br>|  |  |
| Deere & Co. | 12090 | 5628741  |
| **Oil, Gas & Consumable Fuels — 4.4%**<br>|  |  |
| Chevron Corp. | 62314 | 9497277  |
| The Williams Cos, Inc. | 204912 | 12317260  |
|  |  | 21814537  |
| **Pharmaceuticals — 3.3%**<br>|  |  |
| AstraZeneca PLC - ADR | 119438 | 10979936  |
| Johnson & Johnson | 25295 | 5234800  |
|  |  | 16214736  |
|  **Semiconductors & Semiconductor Equipment — 7.5%**<br>|  |  |
| Analog Devices, Inc. | 44836 | 12159523  |
| Broadcom, Inc. | 50228 | 17383911  |
| Lam Research Corp. | 42824 | 7330612  |
|  |  | 36874046  |
| **Software — 7.1%**<br>|  |  |
| Microsoft Corp. | 58880 | 28475546  |
| Oracle Corp. | 31761 | 6190536  |
|  |  | 34666082  |
| **Specialized REITs — 1.1%**<br>|  |  |
| Equinix, Inc. | 6994 | 5358523  |
| **Specialty Retail — 6.8%**<br>|  |  |
| Dick's Sporting Goods, Inc. | 27906 | 5524551  |
| The Home Depot, Inc. | 25999 | 8946256  |
| The TJX Cos., Inc. | 82736 | 12709077  |
| Tractor Supply Co. | 124000 | 6201240  |
|  |  | 33381124  |

---

The accompanying notes are an integral part of these financial statements.

12<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON EAGLE GROWTH & INCOME FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — (Continued)**  | **COMMON STOCKS — (Continued)**  | **COMMON STOCKS — (Continued)**  |
|  **Technology Hardware, Storage & Peripherals — 1.6%**<br>|  |  |
| Hewlett Packard Enterprise Co. | 330779 | $7945312  |
|  **Wireless Telecommunication Services — 1.9%**<br>|  |  |
| T-Mobile US, Inc. | 44798 | 9095786  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $309,249,528)** |  | 486338906  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 98.9%** <br>**(Cost $309,249,528)** |  | $486338906  |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of <br>Liabilities — 1.1% |  | 5433233  |
| **TOTAL NET ASSETS — 100.0%** |  | $491772139 |

---

Percentages are stated as a percent of net assets.

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

ADR - American Depositary Receipt

PLC - Public Limited Company

REIT - Real Estate Investment Trust

The accompanying notes are an integral part of these financial statements.

13<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON EAGLE MID CAP GROWTH FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — 99.6%**<br>|  |  |
| **Aerospace & Defense — 4.5%**<br>|  |  |
| Axon Enterprise, Inc.<sup>(a)</sup> | 188832 | $107243358  |
| Carpenter Technology Corp. | 244208 | 76886446  |
| StandardAero, Inc.<sup>(a)</sup> | 1747566 | 50120193  |
|  |  | 234249997  |
| **Air Freight & Logistics — 1.0%**<br>|  |  |
| C.H. Robinson Worldwide, Inc. | 341141 | 54841827  |
| **Beverages — 1.1%**<br>|  |  |
| Celsius Holdings, Inc.<sup>(a)</sup> | 1220594 | 55829970  |
| **Biotechnology — 5.9%**<br>|  |  |
| Alnylam Pharmaceuticals, Inc.<sup>(a)</sup> | 268518 | 106776183  |
| Insmed, Inc.<sup>(a)</sup> | 417246 | 72617494  |
| Natera, Inc.<sup>(a)</sup> | 376030 | 86144713  |
| Neurocrine Biosciences, Inc.<sup>(a)</sup> | 299457 | 42471986  |
|  |  | 308010376  |
| **Capital Markets — 7.8%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Ares Management Corp. - <br>Class A | 870519 | 140701986  |
| &nbsp;&nbsp;&nbsp; Coinbase Global, Inc. - <br>Class A<sup>(a)</sup> | 144877 | 32762485  |
| Houlihan Lokey, Inc. | 419419 | 73058595  |
| LPL Financial Holdings, Inc. | 309652 | 110598405  |
| Moody's Corp. | 108773 | 55566687  |
|  |  | 412688158  |
| &nbsp;&nbsp;&nbsp; **Commercial Services &** <br>**Supplies — 3.9%**<br>|  |  |
| RB Global, Inc. | 1253163 | 128912878  |
| Waste Connections, Inc. | 439013 | 76985319  |
|  |  | 205898197  |
| **Construction & Engineering — 2.0%**<br>|  |  |
| Quanta Services, Inc. | 248174 | 104744318  |
| **Construction Materials — 1.6%**<br>|  |  |
| Martin Marietta Materials, Inc. | 138374 | 86159955  |
|  **Consumer Staples Distribution & Retail — 1.8%**<br>|  |  |
| Casey's General Stores, Inc. | 175360 | 96923226  |
| **Electrical Equipment — 3.0%**<br>|  |  |
| Rockwell Automation, Inc. | 70159 | 27296762  |
| Vertiv Holdings Co. - Class A | 791402 | 128215038  |
|  |  | 155511800  |
|  **Electronic Equipment, Instruments & Components — 1.1%**<br>|  |  |
| Trimble, Inc.<sup>(a)</sup> | 714371 | 55970968  |
| **Energy Equipment & Services — 0.9%**<br>|  |  |
| Baker Hughes Co. | 1035810 | 47170787  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **Entertainment — 3.4%**<br>|  |  |
| ROBLOX Corp. - Class A<sup>(a)</sup> | 1012703 | $82059324  |
|  Take-Two Interactive Software, Inc.<sup>(a)</sup> | 167654 | 42924454  |
| TKO Group Holdings, Inc. | 264065 | 55189585  |
|  |  | 180173363  |
| **Financial Services — 1.7%**<br>|  |  |
| Corpay, Inc.<sup>(a)</sup> | 209080 | 62918444  |
|  Shift4 Payments, Inc. - Class A<sup>(a)(b)</sup> | 463349 | 29177087  |
|  |  | 92095531  |
| **Ground Transportation — 1.1%**<br>|  |  |
| XPO, Inc.<sup>(a)</sup> | 414174 | 56290388  |
|  **Health Care Equipment & Supplies — 3.8%**<br>|  |  |
| Dexcom, Inc.<sup>(a)</sup> | 475090 | 31531723  |
| IDEXX Laboratories, Inc.<sup>(a)</sup> | 122241 | 82699704  |
| Insulet Corp.<sup>(a)</sup> | 218253 | 62036233  |
| Medline, Inc. - Class A<sup>(a)</sup> | 68999 | 2897958  |
| Penumbra, Inc.<sup>(a)</sup> | 60924 | 18941881  |
|  |  | 198107499  |
|  **Health Care Providers & Services — 4.1%**<br>|  |  |
| Cencora, Inc. | 456160 | 154068040  |
| Encompass Health Corp. | 568824 | 60374979  |
|  |  | 214443019  |
| **Health Care Technology — 1.3%**<br>|  |  |
| Doximity, Inc. - Class A<sup>(a)</sup> | 449579 | 19907358  |
| Veeva Systems, Inc. - Class A<sup>(a)</sup> | 227668 | 50822328  |
|  |  | 70729686  |
| &nbsp;&nbsp;&nbsp; **Hotels, Restaurants &** <br>**Leisure — 11.5%**<br>|  |  |
| Cava Group, Inc.<sup>(a)</sup> | 240400 | 14109076  |
| DoorDash, Inc. - Class A<sup>(a)</sup> | 167872 | 38019651  |
| DraftKings, Inc. - Class A<sup>(a)</sup> | 1745191 | 60139282  |
| Dutch Bros, Inc. - Class A<sup>(a)</sup> | 914132 | 55963161  |
| Hilton Worldwide Holdings, Inc. | 447142 | 128441540  |
| Royal Caribbean Cruises Ltd. | 547569 | 152727945  |
| Wingstop, Inc. | 262880 | 62694251  |
| Wynn Resorts Ltd. | 791168 | 95201245  |
|  |  | 607296151  |
|  **Independent Power and Renewable Electricity Producers — 1.4%**<br>|  |  |
| Vistra Corp. | 469620 | 75763795  |
| **Industrial REITs — 0.7%**<br>|  |  |
| EastGroup Properties, Inc. | 192937 | 34369797  |
| **Insurance — 0.9%**<br>|  |  |
| Ryan Specialty Holdings, Inc. | 889447 | 45922149  |

---

The accompanying notes are an integral part of these financial statements.

14<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON EAGLE MID CAP GROWTH FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — (Continued)** | **COMMON STOCKS — (Continued)** | **COMMON STOCKS — (Continued)** |
| **Interactive Media & Services — 1.3%**<br>|  |  |
| Reddit, Inc. - Class A<sup>(a)</sup> | 289575 | $66564605  |
| **IT Services — 3.5%**<br>|  |  |
| Cloudflare, Inc. - Class A<sup>(a)</sup> | 529162 | 104324288  |
| MongoDB, Inc.<sup>(a)</sup> | 127173 | 53373237  |
| Okta, Inc.<sup>(a)</sup> | 298838 | 25840522  |
|  |  | 183538047  |
| &nbsp;&nbsp;&nbsp; **Life Sciences Tools &** <br>**Services — 0.3%**<br>|  |  |
| IQVIA Holdings, Inc.<sup>(a)</sup> | 71640 | 16148372  |
| **Machinery — 4.2%**<br>|  |  |
| Cummins, Inc. | 111673 | 57003483  |
| ITT, Inc. | 407446 | 70695955  |
|  Westinghouse Air Brake Technologies Corp. | 425584 | 90840905  |
|  |  | 218540343  |
| **Media — 0.4%**<br>|  |  |
| The Trade Desk, Inc. - Class A<sup>(a)</sup> | 571309 | 21686890  |
| &nbsp;&nbsp;&nbsp; **Oil, Gas & Consumable** <br>**Fuels — 1.6%**<br>|  |  |
| Antero Resources Corp.<sup>(a)</sup> | 1326981 | 45727765  |
| &nbsp;&nbsp;&nbsp; Permian Resources Corp. - <br>Class A | 2908007 | 40799338  |
|  |  | 86527103  |
|  **Real Estate Management & Development — 0.4%**<br>|  |  |
| Jones Lang LaSalle, Inc.<sup>(a)</sup> | 69769 | 23475175  |
|  **Semiconductors & Semiconductor Equipment — 6.6%**<br>|  |  |
| Entegris, Inc. | 537518 | 45285892  |
|  MACOM Technology Solutions Holdings, Inc.<sup>(a)</sup> | 272087 | 46603061  |
| Marvell Technology, Inc. | 891354 | 75747263  |
| Monolithic Power Systems, Inc. | 90921 | 82407158  |
| Qnity Electronics, Inc. | 496426 | 40533183  |
| Teradyne, Inc. | 298843 | 57844051  |
|  |  | 348420608  |
| **Software — 8.4%**<br>|  |  |
| Datadog, Inc. - Class A<sup>(a)</sup> | 634127 | 86234931  |
| Dynatrace, Inc.<sup>(a)</sup> | 888533 | 38509020  |
| Fair Isaac Corp.<sup>(a)</sup> | 43118 | 72896153  |
| HubSpot, Inc.<sup>(a)</sup> | 69179 | 27761533  |
| PTC, Inc.<sup>(a)</sup> | 309871 | 53982627  |
| Tyler Technologies, Inc.<sup>(a)</sup> | 140699 | 63870311  |
| Zoom Communications, Inc.<sup>(a)</sup> | 661911 | 57116300  |
| Zscaler, Inc.<sup>(a)</sup> | 187023 | 42065213  |
|  |  | 442436088  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **Specialty Retail — 6.1%**<br>|  |  |
| Carvana Co.<sup>(a)</sup> | 303851 | $128231199  |
| Chewy, Inc. - Class A<sup>(a)</sup> | 1894339 | 62607904  |
|  Floor & Decor Holdings, Inc. - Class A<sup>(a)</sup> | 673815 | 41028595  |
| Ross Stores, Inc. | 485717 | 87497061  |
|  |  | 319364759  |
|  **Textiles, Apparel & Luxury Goods — 0.4%**<br>|  |  |
| Deckers Outdoor Corp.<sup>(a)</sup> | 186946 | 19380692  |
|  **Trading Companies & Distributors — 1.9%**<br>|  |  |
| Core & Main, Inc. - Class A<sup>(a)</sup> | 911143 | 47352102  |
| Ferguson Enterprises, Inc. | 241969 | 53869558  |
|  |  | 101221660  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $3,617,032,870)** |  | 5240495299  |
| **SHORT-TERM INVESTMENTS — 0.6%**<br>|  |  |
| **Money Market Funds — 0.6%**<br>|  |  |
|  First American Government Obligations Fund - Class X, 3.67%<sup>(c)</sup> | 30142759 | 30142759  |
| &nbsp;&nbsp;&nbsp; **TOTAL SHORT-TERM INVESTMENTS** <br>**(Cost $30,142,759)** |  | 30142759  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 100.2%** <br>**(Cost $3,647,175,629)** |  | $5270638058  |
|  Liabilities in Excess of Other Assets — (0.2)% |  | (12005348)  |
| **TOTAL NET ASSETS — 100.0%** |  | $5258632710 |

---

Percentages are stated as a percent of net assets.

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

REIT - Real Estate Investment Trust

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of this security is on loan as of December 31, 2025. The fair value of these securities was $28,868,282 which represented 0.5% of net assets.

<sup>(c)</sup> The rate shown represents the 7-day annualized yield as of December 31, 2025. Investment made with cash collateral received for securities on loan.

The accompanying notes are an integral part of these financial statements.

15<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON EAGLE SMALL CAP GROWTH FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — 99.7%** <br>|  |  |
| **Aerospace & Defense — 6.7%** <br>|  |  |
| Astronics Corp.<sup>(a)</sup> | 84469 | $4581598  |
| ATI, Inc.<sup>(a)</sup> | 27259 | 3128243  |
| Karman Holdings, Inc.<sup>(a)</sup> | 80223 | 5869917  |
| Mercury Systems, Inc.<sup>(a)</sup> | 51172 | 3736068  |
|  Voyager Technologies, Inc. - Class A<sup>(a)</sup>  | 72590 | 1897502  |
| Woodward, Inc. | 28727 | 8684747  |
|  |  | 27898075  |
| **Beverages — 0.5%** <br>|  |  |
| Celsius Holdings, Inc.<sup>(a)</sup> | 45256 | 2070009  |
| **Biotechnology — 9.8%** <br>|  |  |
| Alkermes PLC<sup>(a)</sup> | 62336 | 1744161  |
| Arcellx, Inc.<sup>(a)</sup> | 30950 | 2017940  |
| Catalyst Pharmaceuticals, Inc.<sup>(a)</sup> | 116709 | 2723988  |
| Celcuity, Inc.<sup>(a)</sup> | 28746 | 2867126  |
| Disc Medicine, Inc.<sup>(a)</sup> | 19306 | 1533089  |
| Insmed, Inc.<sup>(a)</sup> | 8289 | 1442618  |
| Krystal Biotech, Inc.<sup>(a)</sup> | 18332 | 4519571  |
| Madrigal Pharmaceuticals, Inc.<sup>(a)</sup> | 10186 | 5931715  |
| Nuvalent, Inc. - Class A<sup>(a)</sup> | 37873 | 3809645  |
| Protagonist Therapeutics, Inc.<sup>(a)</sup> | 43326 | 3784093  |
| Revolution Medicines, Inc.<sup>(a)</sup> | 17538 | 1396902  |
| TG Therapeutics, Inc.<sup>(a)</sup> | 40701 | 1213297  |
| Vaxcyte, Inc.<sup>(a)</sup> | 42962 | 1982267  |
| Veracyte, Inc.<sup>(a)</sup> | 85157 | 3585110  |
| Viridian Therapeutics, Inc.<sup>(a)</sup> | 75744 | 2357153  |
|  |  | 40908675  |
| **Building Products — 2.3%** <br>|  |  |
| Modine Manufacturing Co.<sup>(a)</sup> | 26675 | 3561379  |
| Zurn Elkay Water Solutions Corp. | 130102 | 6048442  |
|  |  | 9609821  |
| **Capital Markets — 6.0%** <br>|  |  |
| LPL Financial Holdings, Inc. | 7808 | 2788783  |
| Perella Weinberg Partners | 330123 | 5711128  |
| PJT Partners, Inc. - Class A | 58446 | 9772171  |
| StepStone Group, Inc. - Class A | 101773 | 6530774  |
|  |  | 24802856  |
| **Chemicals — 4.5%** <br>|  |  |
| Perimeter Solutions, Inc.<sup>(a)</sup> | 221801 | 6106182  |
| Quaker Chemical Corp. | 42787 | 5875083  |
| Sensient Technologies Corp. | 26894 | 2526691  |
| Solstice Advanced Materials, Inc.<sup>(a)</sup> | 88326 | 4290877  |
|  |  | 18798833  |
| **Commercial Services & Supplies — 3.3%**  | **Commercial Services & Supplies — 3.3%**  |  |
| MSA Safety, Inc. | 32176 | 5152664  |
| RB Global, Inc. | 84602 | 8703008  |
|  |  | 13855672  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **Communications Equipment — 0.6%**  | **Communications Equipment — 0.6%**  |  |
| Applied Optoelectronics, Inc.<sup>(a)</sup> | 74848 | $2609201  |
| **Construction & Engineering — 3.3%**  | **Construction & Engineering — 3.3%**  |  |
| Dycom Industries, Inc.<sup>(a)</sup> | 28683 | 9691986  |
| Primoris Services Corp. | 32772 | 4068316  |
|  |  | 13760302  |
| **Consumer Finance — 1.1%** <br>|  |  |
| FirstCash Holdings, Inc. | 27939 | 4452918  |
| **Diversified Consumer Services — 1.4%**  | **Diversified Consumer Services — 1.4%**  |  |
| OneSpaWorld Holdings Ltd. | 285055 | 5912041  |
| **Electrical Equipment — 3.2%** <br>|  |  |
| Bloom Energy Corp. - Class A<sup>(a)</sup> | 41169 | 3577174  |
| Generac Holdings, Inc.<sup>(a)</sup> | 14110 | 1924181  |
| Powell Industries, Inc. | 15595 | 4971374  |
|  Shoals Technologies Group, Inc. - Class A<sup>(a)</sup> | 317472 | 2698512  |
|  |  | 13171241  |
| &nbsp;&nbsp;&nbsp; **Electronic Equipment, Instruments &** <br>**Components — 6.1%**  | &nbsp;&nbsp;&nbsp; **Electronic Equipment, Instruments &** <br>**Components — 6.1%**  |  |
| Badger Meter, Inc. | 24770 | 4320136  |
| Cognex Corp. | 83500 | 3004330  |
| Coherent Corp.<sup>(a)</sup> | 16863 | 3112404  |
| Fabrinet<sup>(a)</sup> | 8331 | 3792938  |
| Itron, Inc.<sup>(a)</sup> | 39524 | 3670198  |
| Littelfuse, Inc. | 18479 | 4673709  |
| Mirion Technologies, Inc.<sup>(a)</sup> | 129301 | 3028229  |
|  |  | 25601944  |
| **Energy Equipment & Services — 1.6%**  | **Energy Equipment & Services — 1.6%**  |  |
| Archrock, Inc. | 250337 | 6513769  |
| **Food Products — 1.0%** <br>|  |  |
| Vital Farms, Inc.<sup>(a)</sup> | 128059 | 4090205  |
| **Ground Transportation — 0.8%** <br>|  |  |
| Landstar System, Inc. | 24592 | 3533870  |
| **Health Care Equipment & Supplies — 4.4%**  | **Health Care Equipment & Supplies — 4.4%**  |  |
| Beta Bionics, Inc.<sup>(a)</sup> | 48106 | 1465790  |
| Establishment Labs Holdings, Inc.<sup>(a)</sup> | 53794 | 3920507  |
| Glaukos Corp.<sup>(a)</sup> | 19105 | 2157145  |
| iRhythm Technologies, Inc.<sup>(a)</sup> | 30598 | 5429309  |
| Merit Medical Systems, Inc.<sup>(a)</sup> | 39954 | 3521545  |
| TransMedics Group, Inc.<sup>(a)</sup> | 14824 | 1803340  |
|  |  | 18297636  |
| **Health Care Providers & Services — 7.4%**  | **Health Care Providers & Services — 7.4%**  |  |
| BrightSpring Health Services, Inc.<sup>(a)</sup> | 197787 | 7407123  |
| GeneDx Holdings Corp.<sup>(a)</sup> | 23485 | 3054459  |
| Guardant Health, Inc.<sup>(a)</sup> | 53711 | 5486041  |
| HealthEquity, Inc.<sup>(a)</sup> | 34688 | 3177768  |

---

The accompanying notes are an integral part of these financial statements.

16<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON EAGLE SMALL CAP GROWTH FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — (Continued)**  | **COMMON STOCKS — (Continued)**  | **COMMON STOCKS — (Continued)**  |
| **Health Care Providers & Services — (Continued)**  | **Health Care Providers & Services — (Continued)**  | **Health Care Providers & Services — (Continued)**  |
| Hims & Hers Health, Inc.<sup>(a)</sup> | 68553 | $2225916  |
| RadNet, Inc.<sup>(a)</sup> | 49814 | 3554229  |
| The Ensign Group, Inc. | 34743 | 6052231  |
|  |  | 30957767  |
| **Hotels, Restaurants & Leisure — 3.2%**  | **Hotels, Restaurants & Leisure — 3.2%**  |  |
|  Black Rock Coffee Bar, Inc. - Class A<sup>(a)</sup>  | 149740 | 3331715  |
| Genius Sports Ltd.<sup>(a)</sup> | 310475 | 3421435  |
| Shake Shack, Inc. - Class A<sup>(a)</sup> | 48585 | 3943644  |
| Wingstop, Inc. | 10584 | 2524178  |
|  |  | 13220972  |
| **Industrial REITs — 1.6%** <br>|  |  |
| EastGroup Properties, Inc. | 38284 | 6819912  |
| **Insurance — 1.0%** <br>|  |  |
| Selective Insurance Group, Inc. | 50582 | 4232196  |
| **Interactive Media & Services — 0.5%**  | **Interactive Media & Services — 0.5%**  |  |
| ZoomInfo Technologies, Inc.<sup>(a)</sup> | 191854 | 1951155  |
| **Machinery — 5.5%** <br>|  |  |
| Atmus Filtration Technologies, Inc. | 115763 | 6009257  |
| Esab Corp. | 58958 | 6586788  |
| Federal Signal Corp. | 34204 | 3714213  |
| SPX Technologies, Inc.<sup>(a)</sup> | 32319 | 6465739  |
|  |  | 22775997  |
| **Metals & Mining — 0.7%** <br>|  |  |
| Materion Corp. | 23150 | 2878008  |
| **Oil, Gas & Consumable Fuels — 1.9%**  | **Oil, Gas & Consumable Fuels — 1.9%**  |  |
| Antero Resources Corp.<sup>(a)</sup> | 78772 | 2714483  |
| Viper Energy, Inc. - Class A | 132630 | 5123497  |
|  |  | 7837980  |
| **Pharmaceuticals — 0.9%** <br>|  |  |
| Axsome Therapeutics, Inc.<sup>(a)</sup> | 20385 | 3723116  |
| **Professional Services — 0.4%** <br>|  |  |
| Parsons Corp.<sup>(a)</sup> | 30248 | 1869326  |
|  **Real Estate Management & Development — 1.1%** <br>|  |  |
| Cushman & Wakefield Ltd.<sup>(a)</sup> | 275697 | 4463534  |
|  **Semiconductors & Semiconductor Equipment — 5.9%** <br>|  |  |
| Ambarella, Inc.<sup>(a)</sup> | 40040 | 2836434  |
|  Credo Technology Group Holding Ltd.<sup>(a)</sup> | 23090 | 3322420  |
| Impinj, Inc.<sup>(a)</sup> | 16792 | 2921976  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| Lattice Semiconductor Corp.<sup>(a)</sup> | 40916 | $3010599  |
| Rambus, Inc.<sup>(a)</sup> | 77893 | 7157588  |
| SiTime Corp.<sup>(a)</sup> | 15399 | 5438773  |
|  |  | 24687790  |
| **Software — 7.3%** <br>|  |  |
| Appfolio, Inc. - Class A<sup>(a)</sup> | 21486 | 4998718  |
| BILL Holdings, Inc.<sup>(a)</sup> | 77417 | 4222323  |
| Cellebrite DI Ltd.<sup>(a)</sup> | 348058 | 6275486  |
| I3 Verticals, Inc. - Class A<sup>(a)</sup> | 113847 | 2867806  |
| Monday.com Ltd.<sup>(a)</sup> | 12941 | 1909574  |
| Pegasystems, Inc. | 75994 | 4538362  |
| Procore Technologies, Inc.<sup>(a)</sup> | 47381 | 3446494  |
| Varonis Systems, Inc.<sup>(a)</sup> | 59699 | 1958127  |
|  |  | 30216890  |
| **Specialty Retail — 3.2%** <br>|  |  |
| &nbsp;&nbsp;&nbsp; Abercrombie & Fitch Co. - <br>Class A<sup>(a)</sup> | 17200 | 2164964  |
| Boot Barn Holdings, Inc.<sup>(a)</sup> | 35329 | 6234509  |
| Revolve Group, Inc.<sup>(a)</sup> | 116496 | 3517014  |
| Warby Parker, Inc. - Class A<sup>(a)</sup> | 59612 | 1298945  |
|  |  | 13215432  |
|  **Technology Hardware, Storage & Peripherals — 0.2%** <br>|  |  |
| IonQ, Inc.<sup>(a)</sup> | 18409 | 826012  |
| **Trading Companies & Distributors — 2.3%**  | **Trading Companies & Distributors — 2.3%**  |  |
| &nbsp;&nbsp;&nbsp; Applied Industrial Technologies, <br>Inc. | 21785 | 5593735  |
| Core & Main, Inc. - Class A<sup>(a)</sup> | 75226 | 3909495  |
|  |  | 9503230  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $287,561,315)** |  | 415066385  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 99.7%**<br>**(Cost $287,561,315)** |  | $415066385 |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of <br>Liabilities — 0.3% |  | 1362022  |
| **TOTAL NET ASSETS — 100.0%** |  | $416428407 |

---

Percentages are stated as a percent of net assets.

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

PLC - Public Limited Company

REIT - Real Estate Investment Trust

<sup>(a)</sup> Non-income producing security.

The accompanying notes are an integral part of these financial statements.

17<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON SCOUT MID CAP FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — 99.5%** <br>|  |  |
| **Aerospace & Defense — 4.7%** <br>|  |  |
| ATI, Inc. <sup>(a)</sup> | 566335 | $64992605  |
| BWX Technologies, Inc. | 48209 | 8332443  |
| Howmet Aerospace, Inc. | 74597 | 15293877  |
| L3Harris Technologies, Inc. | 103272 | 30317561  |
| Textron, Inc. | 363689 | 31702770  |
|  |  | 150639256  |
| **Automobile Components — 1.3%** <br>|  |  |
| Aptiv PLC <sup>(a)</sup> | 563222 | 42855562  |
| **Banks — 5.1%** <br>|  |  |
| Citizens Financial Group, Inc. | 954993 | 55781141  |
| First Horizon Corp. | 2430027 | 58077645  |
| Huntington Bancshares, Inc. | 2851011 | 49465041  |
|  |  | 163323827  |
| **Beverages — 1.8%** <br>|  |  |
| Coca-Cola Consolidated, Inc. | 191769 | 29398188  |
| Monster Beverage Corp. <sup>(a)</sup> | 353357 | 27091881  |
|  |  | 56490069  |
| **Biotechnology — 1.3%** <br>|  |  |
| Insmed, Inc.<sup>(a)</sup> | 94212 | 16396656  |
| Neurocrine Biosciences, Inc.<sup>(a)</sup> | 174390 | 24733734  |
|  |  | 41130390  |
| **Broadline Retail — 1.1%** <br>|  |  |
| Coupang, Inc.<sup>(a)</sup> | 1548137 | 36520552  |
| **Building Products — 1.2%** <br>|  |  |
| Carlisle Cos., Inc. | 34690 | 11095943  |
| Carrier Global Corp. | 242858 | 12832617  |
| Owens Corning | 135677 | 15183613  |
|  |  | 39112173  |
| **Capital Markets — 4.4%** <br>|  |  |
| Blue Owl Capital, Inc. - Class A | 775437 | 11585029  |
| Cboe Global Markets, Inc. | 122583 | 30768333  |
| &nbsp;&nbsp;&nbsp; Coinbase Global, Inc. - <br>Class A<sup>(a)</sup> | 50258 | 11365344  |
| Evercore, Inc. - Class A | 84429 | 28726967  |
| Invesco Ltd. | 607578 | 15961074  |
| &nbsp;&nbsp;&nbsp; Robinhood Markets, Inc. - <br>Class A<sup>(a)</sup> | 168058 | 19007360  |
| StepStone Group, Inc. - Class A | 360481 | 23132066  |
|  |  | 140546173  |
| **Chemicals — 1.9%** <br>|  |  |
| Corteva, Inc. | 240458 | 16117900  |
| DuPont de Nemours, Inc. | 437532 | 17588786  |
| The Mosaic Co. | 1167088 | 28115150  |
|  |  | 61821836  |
| &nbsp;&nbsp;&nbsp; **Commercial Services &** <br>**Supplies — 1.1%** <br>|  |  |
| Clean Harbors, Inc.<sup>(a)</sup> | 65026 | 15247296  |
| RB Global, Inc. | 191371 | 19686335  |
|  |  | 34933631  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **Communications Equipment — 0.9%** <br>|  |  |
| Ciena Corp.<sup>(a)</sup> | 129816 | $30360068  |
| **Construction & Engineering — 1.4%** <br>|  |  |
| Quanta Services, Inc. | 102945 | 43448967  |
| **Construction Materials — 1.7%** <br>|  |  |
| Eagle Materials, Inc. | 86496 | 17876993  |
| Martin Marietta Materials, Inc. | 57393 | 35736326  |
|  |  | 53613319  |
|  **Consumer Staples Distribution & Retail — 1.9%** <br>|  |  |
| Casey's General Stores, Inc. | 83120 | 45941255  |
| &nbsp;&nbsp;&nbsp; Sprouts Farmers Market, <br>Inc.<sup>(a)</sup> | 189421 | 15091171  |
|  |  | 61032426  |
| **Distributors — 0.7%** <br>|  |  |
| LKQ Corp. | 695955 | 21017841  |
| **Electric Utilities — 1.5%** <br>|  |  |
| Evergy, Inc. | 667589 | 48393527  |
| **Electrical Equipment — 1.9%** <br>|  |  |
| AMETEK, Inc. | 126944 | 26062873  |
| Hubbell, Inc. | 50583 | 22464416  |
| Vertiv Holdings Co. - Class A | 80182 | 12990286  |
|  |  | 61517575  |
|  **Electronic Equipment, Instruments & Components — 1.1%** <br>|  |  |
| Celestica, Inc.<sup>(a)</sup> | 59022 | 17447493  |
| Keysight Technologies, Inc.<sup>(a)</sup> | 84176 | 17103722  |
|  |  | 34551215  |
| **Entertainment — 2.2%** <br>|  |  |
| Live Nation Entertainment, Inc.<sup>(a)</sup> | 87684 | 12494970  |
| &nbsp;&nbsp;&nbsp; Take-Two Interactive Software, <br>Inc. <sup>(a)</sup> | 106230 | 27198067  |
| TKO Group Holdings, Inc. | 147063 | 30736167  |
|  |  | 70429204  |
| **Financial Services — 2.4%** <br>|  |  |
| Corebridge Financial, Inc. | 956017 | 28843033  |
| Jack Henry & Associates, Inc. | 83388 | 15216642  |
| Rocket Cos., Inc. - Class A | 1154893 | 22358728  |
| &nbsp;&nbsp;&nbsp; Shift4 Payments, Inc. - <br>Class A<sup>(a)(b)</sup> | 156238 | 9838307  |
|  |  | 76256710  |
| **Food Products — 2.7%** <br>|  |  |
| Freshpet, Inc.<sup>(a)</sup> | 252568 | 15388968  |
| JBS NV - Class A<sup>(a)</sup> | 2685579 | 38726049  |
| The Hershey Co. | 185568 | 33769665  |
|  |  | 87884682  |
| **Gas Utilities — 1.5%** <br>|  |  |
| Atmos Energy Corp. | 288894 | 48427301  |

---

The accompanying notes are an integral part of these financial statements.

18<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON SCOUT MID CAP FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — (Continued)** | **COMMON STOCKS — (Continued)** | **COMMON STOCKS — (Continued)** |
| **Ground Transportation — 0.9%** <br>|  |  |
| U-Haul Holding Co. | 267021 | $12480562  |
| XPO, Inc.<sup>(a)</sup> | 131299 | 17844847  |
|  |  | 30325409  |
|  **Health Care Equipment & Supplies — 3.9%** <br>|  |  |
| &nbsp;&nbsp;&nbsp; GE HealthCare Technologies, <br>Inc. | 491072 | 40277725  |
| Penumbra, Inc.<sup>(a)</sup> | 70915 | 22048183  |
| Solventum Corp.<sup>(a)</sup> | 407383 | 32281029  |
| Zimmer Biomet Holdings, Inc. | 325363 | 29256641  |
|  |  | 123863578  |
|  **Health Care Providers & Services — 4.0%** <br>|  |  |
| Cencora, Inc. | 116670 | 39405292  |
| Encompass Health Corp. | 294147 | 31220763  |
| Henry Schein, Inc.<sup>(a)</sup> | 356037 | 26909276  |
| Quest Diagnostics, Inc. | 179947 | 31226203  |
|  |  | 128761534  |
| **Health Care REITs — 0.7%** <br>|  |  |
| Ventas, Inc. | 285952 | 22126966  |
| **Hotels, Restaurants & Leisure — 1.8%** <br>|  |  |
| Boyd Gaming Corp. | 219693 | 18726631  |
| Las Vegas Sands Corp. | 222797 | 14501857  |
| Life Time Group Holdings, Inc.<sup>(a)</sup> | 954227 | 25363354  |
|  |  | 58591842  |
| **Household Durables — 1.7%** <br>|  |  |
| D.R. Horton, Inc. | 132753 | 19120414  |
| SharkNinja, Inc.<sup>(a)</sup> | 328513 | 36760605  |
|  |  | 55881019  |
| **Industrial REITs — 2.1%** <br>|  |  |
| EastGroup Properties, Inc. | 124429 | 22165782  |
| STAG Industrial, Inc. | 1263723 | 46454457  |
|  |  | 68620239  |
| **Insurance — 3.1%** <br>|  |  |
| Arch Capital Group Ltd.<sup>(a)</sup> | 131353 | 12599380  |
| Axis Capital Holdings Ltd. | 195454 | 20931169  |
| Selective Insurance Group, Inc. | 97372 | 8147115  |
| The Allstate Corp. | 72829 | 15159356  |
|  White Mountains Insurance Group Ltd. | 10720 | 22276482  |
| Willis Towers Watson PLC | 58494 | 19221128  |
|  |  | 98334630  |
| **IT Services — 2.1%** <br>|  |  |
| Cloudflare, Inc. - Class A<sup>(a)</sup> | 138532 | 27311584  |
| MongoDB, Inc.<sup>(a)</sup> | 94501 | 39661124  |
|  |  | 66972708  |
| **Leisure Products — 1.2%** <br>|  |  |
| Brunswick Corp. | 514795 | 38218381  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **Life Sciences Tools & Services — 2.0%** <br>|  |  |
| Agilent Technologies, Inc. | 327485 | $44560884  |
|  Charles River Laboratories International, Inc.<sup>(a)</sup> | 97021 | 19353749  |
|  |  | 63914633  |
| **Machinery — 3.5%** <br>|  |  |
| Cummins, Inc. | 56241 | 28708219  |
| Oshkosh Corp. | 167316 | 21019909  |
| Parker-Hannifin Corp. | 41099 | 36124377  |
| Xylem, Inc. | 198395 | 27017431  |
|  |  | 112869936  |
| **Media — 0.6%** <br>|  |  |
| Omnicom Group, Inc. | 222123 | 17936432  |
| **Metals & Mining — 1.2%** <br>|  |  |
| Agnico Eagle Mines Ltd. | 120096 | 20359875  |
| Alamos Gold, Inc. - Class A | 507731 | 19588262  |
|  |  | 39948137  |
| **Mortgage REITs — 0.5%** <br>|  |  |
| AGNC Investment Corp. | 1442281 | 15461252  |
| **Multi-Utilities — 3.1%** <br>|  |  |
| CenterPoint Energy, Inc. | 1259077 | 48273012  |
| WEC Energy Group, Inc. | 481679 | 50797867  |
|  |  | 99070879  |
| **Office REITs — 0.4%** <br>|  |  |
| Cousins Properties, Inc. | 489054 | 12607812  |
| &nbsp;&nbsp;&nbsp; **Oil, Gas & Consumable** <br>**Fuels — 4.7%** <br>|  |  |
| EQT Corp. | 784135 | 42029636  |
| Expand Energy Corp. | 148586 | 16397951  |
| Marathon Petroleum Corp. | 211529 | 34400961  |
| Viper Energy, Inc. - Class A | 1455618 | 56230524  |
|  |  | 149059072  |
| **Passenger Airlines — 1.4%** <br>|  |  |
| Delta Air Lines, Inc. | 652764 | 45301822  |
| **Residential REITs — 1.0%** <br>|  |  |
|  Mid-America Apartment Communities, Inc. | 150441 | 20897759  |
| UDR, Inc. | 323215 | 11855526  |
|  |  | 32753285  |
| **Retail REITs — 1.6%** <br>|  |  |
| Agree Realty Corp. | 709521 | 51106798  |
|  **Semiconductors & Semiconductor Equipment — 5.4%** <br>|  |  |
| Allegro MicroSystems, Inc.<sup>(a)</sup> | 839121 | 22136012  |
| Entegris, Inc. | 197147 | 16609635  |
|  MACOM Technology Solutions Holdings, Inc.<sup>(a)</sup> | 129825 | 22236426  |
| Monolithic Power Systems, Inc. | 27698 | 25104359  |
| Qnity Electronics, Inc. | 359750 | 29373588  |

---

The accompanying notes are an integral part of these financial statements.

19<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON SCOUT MID CAP FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — (Continued)** | **COMMON STOCKS — (Continued)** | **COMMON STOCKS — (Continued)** |
| &nbsp;&nbsp;&nbsp; **Semiconductors & Semiconductor** <br>**Equipment — (Continued)** | &nbsp;&nbsp;&nbsp; **Semiconductors & Semiconductor** <br>**Equipment — (Continued)** | &nbsp;&nbsp;&nbsp; **Semiconductors & Semiconductor** <br>**Equipment — (Continued)** |
| Rambus, Inc.<sup>(a)</sup> | 223296 | $20518669  |
| Teradyne, Inc. | 188528 | 36491480  |
|  |  | 172470169  |
| **Software — 2.1%** <br>|  |  |
|  Clearwater Analytics Holdings, Inc. - Class A<sup>(a)</sup> | 1396569 | 33685244  |
| ServiceTitan, Inc. - Class A<sup>(a)</sup> | 316340 | 33690210  |
|  |  | 67375454  |
| **Specialized REITs — 0.5%** <br>|  |  |
| Digital Realty Trust, Inc. | 99529 | 15398132  |
| **Specialty Retail — 3.5%** <br>|  |  |
| Boot Barn Holdings, Inc.<sup>(a)</sup> | 123500 | 21794045  |
| Carvana Co.<sup>(a)</sup> | 43462 | 18341833  |
| Murphy USA, Inc. | 97859 | 39488064  |
| Ross Stores, Inc. | 180485 | 32512568  |
|  |  | 112136510  |
|  **Trading Companies & Distributors — 2.7%** <br>|  |  |
| FTAI Aviation Ltd. | 241534 | 47545968  |
| United Rentals, Inc. | 47354 | 38324540  |
|  |  | 85870508  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $2,390,732,996)** |  | 3189283441  |
| **SHORT-TERM INVESTMENTS — 0.3%** <br>|  |  |
| **Money Market Funds — 0.3%** <br>|  |  |
|  First American Government Obligations Fund - Class X, 3.67%<sup>(c)</sup> | 10169881 | 10169881  |
| &nbsp;&nbsp;&nbsp; **TOTAL SHORT-TERM INVESTMENTS** <br>**(Cost $10,169,881)** |  | 10169881  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 99.8%** <br>**(Cost $2,400,902,877)** |  | $3199453322  |
|  Other Assets in Excess of Liabilities — 0.2%  |  | 6196105  |
| **TOTAL NET ASSETS — 100.0%** |  | $3205649427 |

---

Percentages are stated as a percent of net assets.

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

PLC - Public Limited Company

REIT - Real Estate Investment Trust

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of this security is on loan as of December 31, 2025. The total market value of these securities was $9,739,885 which represented 0.3% of net assets.

<sup>(c)</sup> The rate shown represents the 7-day annualized yield as of December 31, 2025. Investment made with cash collateral received for securities on loan.

The accompanying notes are an integral part of these financial statements.

20<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON CHARTWELL SMALL CAP FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — 96.5%** <br>|  |  |
| **Aerospace & Defense — 5.9%** <br>|  |  |
| AAR Corp.<sup>(a)</sup> | 34079 | $2821400  |
| AeroVironment, Inc.<sup>(a)(b)</sup> | 15503 | 3750021  |
| ATI, Inc.<sup>(a)</sup> | 13311 | 1527570  |
| Carpenter Technology Corp. | 9733 | 3064338  |
|  |  | 11163329  |
| **Banks — 6.0%** <br>|  |  |
| Axos Financial, Inc.<sup>(a)</sup> | 26336 | 2269110  |
| Columbia Banking System, Inc. | 74779 | 2090073  |
| First Horizon Corp. | 154878 | 3701584  |
| Wintrust Financial Corp. | 23145 | 3236134  |
|  |  | 11296901  |
| **Biotechnology — 9.6%** <br>|  |  |
| ADMA Biologics, Inc.<sup>(a)</sup> | 72614 | 1324479  |
| Arrowhead Pharmaceuticals, Inc.<sup>(a)</sup> | 31739 | 2107152  |
| Bridgebio Pharma, Inc.<sup>(a)</sup> | 32645 | 2497016  |
| Cytokinetics, Inc.<sup>(a)</sup> | 24188 | 1536906  |
| KalVista Pharmaceuticals, Inc.<sup>(a)</sup> | 55978 | 904045  |
| Madrigal Pharmaceuticals, Inc.<sup>(a)</sup> | 3077 | 1791860  |
| Palvella Therapeutics, Inc.<sup>(a)</sup> | 9576 | 1002320  |
| Rhythm Pharmaceuticals, Inc.<sup>(a)</sup> | 12259 | 1312203  |
| Scholar Rock Holding Corp.<sup>(a)</sup> | 49631 | 2186246  |
| Viking Therapeutics, Inc.<sup>(a)</sup> | 53703 | 1889272  |
| Xenon Pharmaceuticals, Inc.<sup>(a)</sup> | 33948 | 1521549  |
|  |  | 18073048  |
| **Broadline Retail — 1.0%** <br>|  |  |
|  Ollie's Bargain Outlet Holdings, Inc.<sup>(a)</sup> | 16582 | 1817553  |
| **Building Products — 1.5%** <br>|  |  |
| Modine Manufacturing Co.<sup>(a)</sup> | 20684 | 2761521  |
| **Chemicals — 0.7%** <br>|  |  |
| Avient Corp. | 42316 | 1321952  |
| **Communications Equipment — 2.4%**  | **Communications Equipment — 2.4%**  |  |
| Lumentum Holdings, Inc.<sup>(a)(b)</sup> | 12347 | 4550981  |
| **Construction & Engineering — 6.8%**  | **Construction & Engineering — 6.8%**  |  |
| Comfort Systems USA, Inc. | 5142 | 4798977  |
| Dycom Industries, Inc.<sup>(a)</sup> | 7925 | 2677858  |
| Sterling Infrastructure, Inc.<sup>(a)</sup> | 17361 | 5316459  |
|  |  | 12793294  |
|  **Diversified Telecommunication Services — 0.4%** <br>|  |  |
| AST SpaceMobile, Inc.<sup>(a)</sup> | 10740 | 780046  |
| **Electric Utilities — 1.0%** <br>|  |  |
| IDACORP, Inc. | 14733 | 1864608  |
| **Electrical Equipment — 1.6%** <br>|  |  |
| Eos Energy Enterprises, Inc.<sup>(a)</sup> | 56267 | 644820  |
| Powell Industries, Inc. | 7365 | 2347815  |
|  |  | 2992635  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
|  **Electronic Equipment, Instruments & Components — 6.0%**  | **Electronic Equipment, Instruments & Components — 6.0%**  |  |
| Coherent Corp.<sup>(a)</sup> | 24744 | $4567000  |
| Fabrinet<sup>(a)</sup> | 9496 | 4323339  |
| Itron, Inc.<sup>(a)</sup> | 16097 | 1494768  |
| Powerfleet, Inc.<sup>(a)</sup> | 163845 | 871655  |
|  |  | 11256762  |
| **Entertainment — 0.8%** <br>|  |  |
| Sphere Entertainment Co.<sup>(a)</sup> | 15327 | 1457291  |
| **Financial Services — 0.3%** <br>|  |  |
| Walker & Dunlop, Inc. | 10783 | 648597  |
| **Health Care Equipment & Supplies — 5.0%**  | **Health Care Equipment & Supplies — 5.0%**  |  |
| ICU Medical, Inc.<sup>(a)</sup> | 13901 | 1983256  |
| Inspire Medical Systems, Inc.<sup>(a)</sup> | 10423 | 961313  |
| iRhythm Technologies, Inc.<sup>(a)</sup> | 10326 | 1832246  |
| Merit Medical Systems, Inc.<sup>(a)</sup> | 53638 | 4727653  |
|  |  | 9504468  |
| **Health Care Providers & Services — 5.1%**  | **Health Care Providers & Services — 5.1%**  |  |
| &nbsp;&nbsp;&nbsp; BrightSpring Health Services, <br>Inc.<sup>(a)</sup> | 41662 | 1560242  |
| GeneDx Holdings Corp.<sup>(a)</sup> | 21246 | 2763255  |
| Guardant Health, Inc.<sup>(a)</sup> | 27755 | 2834895  |
| HealthEquity, Inc.<sup>(a)</sup> | 10785 | 988014  |
| RadNet, Inc.<sup>(a)</sup> | 19429 | 1386259  |
|  |  | 9532665  |
| **Health Care Technology — 0.6%** <br>|  |  |
| Waystar Holding Corp.<sup>(a)</sup> | 34554 | 1131644  |
| **Hotel & Resort REITs — 1.1%** <br>|  |  |
| Ryman Hospitality Properties, Inc. | 21611 | 2044833  |
| **Hotels, Restaurants & Leisure — 2.6%**  | **Hotels, Restaurants & Leisure — 2.6%**  |  |
| Boyd Gaming Corp. | 31362 | 2673297  |
| Churchill Downs, Inc. | 7667 | 872351  |
| Dutch Bros, Inc. — Class A<sup>(a)</sup> | 20871 | 1277723  |
|  |  | 4823371  |
| **Household Durables — 1.3%** <br>|  |  |
| Installed Building Products, Inc. | 9277 | 2406361  |
|  **Independent Power and Renewable Electricity Producers — 1.5%**  | **Independent Power and Renewable Electricity Producers — 1.5%**  |  |
| Talen Energy Corp.<sup>(a)</sup> | 7585 | 2843161  |
| **Insurance — 1.2%** <br>|  |  |
|  Skyward Specialty Insurance Group, Inc.<sup>(a)</sup> | 44914 | 2295555  |
| **Life Sciences Tools & Services — 0.6%**  | **Life Sciences Tools & Services — 0.6%**  |  |
| Adaptive Biotechnologies Corp.<sup>(a)</sup> | 72181 | 1172219  |
| **Machinery — 2.6%** <br>|  |  |
| Crane Co. | 11166 | 2059345  |
| Esab Corp. | 12755 | 1424989  |
| Federal Signal Corp. | 12480 | 1355203  |
|  |  | 4839537  |

---

The accompanying notes are an integral part of these financial statements.

21<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON CHARTWELL SMALL CAP FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — (Continued)**  | **COMMON STOCKS — (Continued)**  | **COMMON STOCKS — (Continued)**  |
| **Media — 0.7%** <br>|  |  |
| Magnite, Inc.<sup>(a)</sup> | 84155 | $1365836  |
| **Oil, Gas & Consumable Fuels — 2.4%**  | **Oil, Gas & Consumable Fuels — 2.4%**  |  |
| Antero Resources Corp.<sup>(a)</sup> | 49405 | 1702496  |
| Gulfport Energy Corp.<sup>(a)</sup> | 13117 | 2728205  |
|  |  | 4430701  |
| **Pharmaceuticals — 6.7%** <br>|  |  |
| Amneal Pharmaceuticals, Inc.<sup>(a)</sup> | 191755 | 2416113  |
| ANI Pharmaceuticals, Inc.<sup>(a)</sup> | 25888 | 2043599  |
| Axsome Therapeutics, Inc.<sup>(a)</sup> | 20227 | 3694259  |
| Maze Therapeutics, Inc.<sup>(a)</sup> | 29368 | 1216716  |
| &nbsp;&nbsp;&nbsp; Structure Therapeutics, Inc. - <br>ADR<sup>(a)</sup> | 17974 | 1250092  |
| Supernus Pharmaceuticals, Inc.<sup>(a)</sup> | 25439 | 1264318  |
| WaVe Life Sciences Ltd.<sup>(a)</sup> | 40591 | 690047  |
|  |  | 12575144  |
| **Professional Services — 1.8%** <br>|  |  |
| ExlService Holdings, Inc.<sup>(a)</sup> | 46211 | 1961195  |
| Parsons Corp.<sup>(a)</sup> | 24469 | 1512184  |
|  |  | 3473379  |
| **Retail REITs — 0.9%** <br>|  |  |
| Curbline Properties Corp. | 76668 | 1779464  |
|  **Semiconductors & Semiconductor Equipment — 7.4%** <br>|  |  |
|  Credo Technology Group Holding Ltd.<sup>(a)</sup> | 23617 | 3398250  |
|  MACOM Technology Solutions Holdings, Inc.<sup>(a)</sup> | 26082 | 4467325  |
| Onto Innovation, Inc.<sup>(a)</sup> | 11085 | 1749878  |
| Rambus, Inc.<sup>(a)</sup> | 30016 | 2758170  |
|  Silicon Motion Technology Corp. - ADR | 16591 | 1537986  |
|  |  | 13911609  |
| **Software — 2.5%** <br>|  |  |
| AvePoint, Inc.<sup>(a)</sup> | 96069 | 1334398  |
|  Clearwater Analytics Holdings, Inc. - Class A<sup>(a)</sup> | 93737 | 2260937  |
| Commvault Systems, Inc.<sup>(a)</sup> | 9142 | 1146041  |
|  |  | 4741376  |
| **Specialty Retail — 2.8%** <br>|  |  |
| Boot Barn Holdings, Inc.<sup>(a)</sup> | 12174 | 2148346  |
| Burlington Stores, Inc.<sup>(a)</sup> | 10697 | 3089828  |
|  |  | 5238174  |
| **Textiles, Apparel & Luxury Goods — 1.3%**  | **Textiles, Apparel & Luxury Goods — 1.3%**  |  |
| Birkenstock Holding PLC<sup>(a)</sup> | 25571 | 1045854  |
| Kontoor Brands, Inc. | 23251 | 1420403  |
|  |  | 2466257  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **Trading Companies & Distributors — 4.4%**  | **Trading Companies & Distributors — 4.4%**  |  |
| &nbsp;&nbsp;&nbsp; Applied Industrial Technologies, <br>Inc. | 15507 | $3981732  |
| FTAI Aviation Ltd. | 20164 | 3969284  |
| McGrath RentCorp | 3739 | 392333  |
|  |  | 8343349  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $138,530,746)** |  | 181697621  |
| **SHORT-TERM INVESTMENTS — 4.1%**  | **SHORT-TERM INVESTMENTS — 4.1%**  |  |
| **Money Market Funds — 4.1%** <br>|  |  |
|  First American Government Obligations Fund - Class X, 3.67%<sup>(c)</sup> | 7686926 | 7686926  |
| &nbsp;&nbsp;&nbsp; **TOTAL SHORT-TERM INVESTMENTS** <br>**(Cost $7,686,926)** |  | 7686926  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 100.6%** <br>**(Cost $146,217,672)** |  | $189384547 |
| &nbsp;&nbsp;&nbsp; Liabilities in Excess of Other <br>Assets — (0.6)% |  | (1064560)  |
| **TOTAL NET ASSETS — 100.0%** |  | $188319987 |

---

Percentages are stated as a percent of net assets.

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

ADR - American Depositary Receipt

PLC - Public Limited Company

REIT - Real Estate Investment Trust

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of this security is on loan as of December 31, 2025. The total market value of these securities was $7,474,115 which represented 4.0% of net assets.

<sup>(c)</sup> The rate shown represents the 7-day annualized yield as of December 31, 2025. Investment made with cash collateral received for securities on loan.

The accompanying notes are an integral part of these financial statements.

22<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Carillon Chartwell Real Income Fund** 

**Schedule of Investments** 

**December 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **U.S. TREASURY SECURITIES — 64.1%**  | **U.S. TREASURY SECURITIES — 64.1%**  |  |
|  U.S. Treasury Inflation Indexed Bonds <br>|  |  |
| &nbsp;&nbsp;&nbsp; 0.75%, 02/15/2042 | $3717728 | $2892977  |
| &nbsp;&nbsp;&nbsp; 1.00%, 02/15/2049 | 7116725 | 5117644  |
| &nbsp;&nbsp;&nbsp; 1.50%, 02/15/2053 | 3286110 | 2561251  |
|  U.S. Treasury Inflation Indexed Notes <br>|  |  |
| &nbsp;&nbsp;&nbsp; 2.00%, 01/15/2026 | 6151913 | 6140594  |
| &nbsp;&nbsp;&nbsp; 0.38%, 01/15/2027 | 9435510 | 9318842  |
| &nbsp;&nbsp;&nbsp; 2.38%, 01/15/2027 | 11302060 | 11392053  |
| &nbsp;&nbsp;&nbsp; 0.13%, 04/15/2027 | 11532100 | 11322568  |
| &nbsp;&nbsp;&nbsp; 0.50%, 01/15/2028 | 9240140 | 9076896  |
| &nbsp;&nbsp;&nbsp; 1.75%, 01/15/2028 | 9325320 | 9392909  |
| &nbsp;&nbsp;&nbsp; 1.25%, 04/15/2028 | 9330130 | 9291992  |
| &nbsp;&nbsp;&nbsp; 3.63%, 04/15/2028 | 9038954 | 9482266  |
| &nbsp;&nbsp;&nbsp; 0.88%, 01/15/2029 | 9213549 | 9070188  |
| &nbsp;&nbsp;&nbsp; 2.13%, 04/15/2029 | 11526956 | 11769875  |
| &nbsp;&nbsp;&nbsp; 3.88%, 04/15/2029 | 9130750 | 9834334  |
| &nbsp;&nbsp;&nbsp; 0.13%, 01/15/2030 | 10124320 | 9601842  |
| &nbsp;&nbsp;&nbsp; 1.63%, 04/15/2030 | 10228500 | 10278646  |
| &nbsp;&nbsp;&nbsp; 0.13%, 01/15/2031 | 9074554 | 8458327  |
| &nbsp;&nbsp;&nbsp; 0.13%, 01/15/2032 | 8927036 | 8156486  |
| &nbsp;&nbsp;&nbsp; 1.13%, 01/15/2033 | 7913972 | 7593140  |
| &nbsp;&nbsp;&nbsp; 1.75%, 01/15/2034 | 6254871 | 6219007  |
| &nbsp;&nbsp;&nbsp; **TOTAL U.S. TREASURY SECURITIES** <br>**(Cost $165,481,779)** |  | 166971837 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **COMMON STOCKS — 14.1%** <br>|  |  |
| **Chemicals — 1.8%** <br>|  |  |
| Nutrien Ltd. | 50000 | 3086000  |
| The Mosaic Co. | 65000 | 1565850  |
|  |  | 4651850  |
| **Energy Equipment & Services — 0.8%**  | **Energy Equipment & Services — 0.8%**  |  |
| Seadrill Ltd.<sup>(a)</sup> | 60000 | 2076000  |
| **Health Care Providers & Services — 0.5%**  | **Health Care Providers & Services — 0.5%**  |  |
| Acadia Healthcare Co., Inc.<sup>(a)</sup> | 100000 | 1419000  |
| **Metals & Mining — 2.8%** <br>|  |  |
| Nucor Corp. | 12000 | 1957320  |
| Rio Tinto PLC - ADR | 37000 | 2961110  |
| Taseko Mines Ltd.<sup>(a)</sup> | 415000 | 2348900  |
|  |  | 7267330  |
| **Oil, Gas & Consumable Fuels — 5.0%**  | **Oil, Gas & Consumable Fuels — 5.0%**  |  |
| Advantage Energy Ltd.<sup>(a)</sup> | 200000 | 1710685  |
| APA Corp. | 74188 | 1814639  |
| Birchcliff Energy Ltd. | 340000 | 1850424  |
|  Canadian Natural Resources Ltd. | 60000 | 2031000  |
| Kelt Exploration Ltd.<sup>(a)</sup> | 160000 | 894102 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares**  | **Value**  |
| Suncor Energy, Inc. | 50000 | $2218000  |
| Tourmaline Oil Corp. | 55000 | 2467196  |
|  |  | 12986046  |
| **Pharmaceuticals — 1.5%** <br>|  |  |
| Pfizer, Inc. | 70000 | 1743000  |
|  Teva Pharmaceutical Industries Ltd. - ADR<sup>(a)</sup> | 70000 | 2184700  |
|  |  | 3927700  |
| **Software — 0.8%** <br>|  |  |
| Oracle Corp. | 10500 | 2046555  |
| **Specialized REITs — 0.5%** <br>|  |  |
| PotlatchDeltic Corp. | 33000 | 1312740  |
| **Specialty Retail — 0.4%** <br>|  |  |
|  Camping World Holdings, Inc. - Class A | 113000 | 1099490  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $34,190,500)** |  | 36786711 |

---

---

| | | |
|:---|:---|:---|
|  | **Par** |  |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES — 6.6%**  | **COMMERCIAL MORTGAGE-BACKED SECURITIES — 6.6%**  | **COMMERCIAL MORTGAGE-BACKED SECURITIES — 6.6%**  |
| &nbsp;&nbsp;&nbsp; Chase Home Lending Mortgage Trust, Series 2023-1, Class A5, <br>6.00%, 06/25/2054<sup>(b)(c)</sup> | $715000 | 726876  |
|  GS Mortgage-Backed Securities Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-PJ3, Class A3, 5.00%, 10/27/2053<sup>(b)(c)</sup> | 1954849 | 1943239  |
| &nbsp;&nbsp;&nbsp; Series 2023-PJ4, Class A16, 6.50%, 01/25/2054<sup>(b)(c)</sup> | 627851 | 639919  |
| &nbsp;&nbsp;&nbsp; Series 2023-PJ5, Class A21, 6.00%, 02/25/2054<sup>(b)(c)</sup> | 2375000 | 2399556  |
| JP Morgan Mortgage Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-6, Class A4, 6.00%, 12/26/2053<sup>(b)(c)</sup> | 594708 | 602019  |
| &nbsp;&nbsp;&nbsp; Series 2023-8, Class A5, 6.00%, 02/25/2054<sup>(b)(c)</sup> | 1445000 | 1472562  |
| &nbsp;&nbsp;&nbsp; Series 2023-10, Class A4, 6.00%, 05/25/2054<sup>(b)(c)</sup> | 1454813 | 1466853  |
| &nbsp;&nbsp;&nbsp; Series 2023-10, Class A7, 6.00%, 05/25/2054<sup>(b)(c)</sup> | 1740000 | 1767769  |
|  Morgan Stanley Residential Mortgage Loan Trust, Series 2023-4, Class A6, 6.00%, 11/25/2053<sup>(b)(c)</sup> | 1225000 | 1254392  |
| &nbsp;&nbsp;&nbsp; OBX Trust, Series 2023-J2, Class A11, <br>6.00%, 11/25/2053<sup>(b)(c)</sup> | 1500000 | 1534487  |
|  Radian Mortgage Capital Trust, Series 2024-J1, Class A4, 6.00%, 11/25/2054<sup>(b)(c)</sup> | 775148 | 788433  |
|  Rate Mortgage Trust, Series 2024-J4, Class A4, 6.00%, 12/25/2054<sup>(b)(c)</sup> | 1031707 | 1048656 |

---

The accompanying notes are an integral part of these financial statements.

23<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Carillon Chartwell Real Income Fund** 

**Schedule of Investments** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par**  | **Value** |
| &nbsp;&nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  | &nbsp;&nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  | &nbsp;&nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  |
|  RMF Buyout Issuance Trust, Series 2020-HB1, Class A1, 1.72%, 10/25/2050<sup>(b)(c)</sup> | $810721 | $764279  |
|  Sequoia Mortgage Trust, Series 2023-3, Class A1, 6.00%, 09/25/2053<sup>(b)(c)</sup> | 769410 | 783597  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES** <br>**(Cost $16,564,899)** |  | 17192637 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **EXCHANGE TRADED FUNDS — 5.0%**  | **EXCHANGE TRADED FUNDS — 5.0%**  |  |
| iShares Silver Trust<sup>(a)</sup> | 146720 | 9451703  |
| SPDR Gold Shares<sup>(a)</sup> | 9000 | 3566790  |
| &nbsp;&nbsp;&nbsp; **TOTAL EXCHANGE TRADED FUNDS** <br>**(Cost $4,334,431)** |  | 13018493 |

---

---

| | | |
|:---|:---|:---|
|  | **Par** |  |
| **CORPORATE BONDS — 3.1%** <br>|  |  |
| **Airlines — 0.1%** <br>|  |  |
|  American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.50%, 04/20/2026<sup>(b)</sup> | $174122 | 174370  |
| **Financial Services — 1.1%** <br>|  |  |
| &nbsp;&nbsp;&nbsp; HA Sustainable Infrastructure Capital, Inc., <br>6.15%, 01/15/2031 | 2710000 | 2785632  |
| **Health Care Providers & Services — 0.4%**  | **Health Care Providers & Services — 0.4%**  |  |
| &nbsp;&nbsp;&nbsp; Accendra Health, Inc., <br>6.63%, 04/01/2030<sup>(b)(d)</sup> | 1570000 | 995272  |
| **Oil, Gas & Consumable Fuels — 0.6%**  | **Oil, Gas & Consumable Fuels — 0.6%**  |  |
| &nbsp;&nbsp;&nbsp; Saturn Oil & Gas, Inc., <br>9.63%, 06/15/2029<sup>(b)</sup> | 1659000 | 1635619  |
| **Pharmaceuticals — 0.4%** <br>|  |  |
| &nbsp;&nbsp;&nbsp; HLF Financing Sarl LLC/Herbalife International, Inc., <br>12.25%, 04/15/2029<sup>(b)</sup> | 1000000 | 1079741  |
| **Software — 0.5%** <br>|  |  |
|  Pagaya US Holdings Co. LLC, 8.88%, 08/01/2030<sup>(b)(d)</sup> | 1590000 | 1384305  |
| &nbsp;&nbsp;&nbsp; **TOTAL CORPORATE BONDS** <br>**(Cost $8,100,604)** |  | 8054939 |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **ASSET-BACKED SECURITIES — 1.8%**  | **ASSET-BACKED SECURITIES — 1.8%**  |  |
|  FMC GMSR Issuer Trust, Series 2020-GT1, Class A, 4.45%, 01/25/2026<sup>(b)(c)</sup> | $2265000 | $2252752  |
| &nbsp;&nbsp;&nbsp; Frontier Issuer LLC, Series 2023-1, Class A2, <br>6.60%, 08/20/2053<sup>(b)</sup> | 1590000 | 1604568  |
|  NRZ Excess Spread-Collateralized Notes <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-FHT1, Class A, 3.10%, 07/25/2026<sup>(b)</sup> | 160153 | 158219  |
| &nbsp;&nbsp;&nbsp; Series 2021-GNT1, Class A, 3.47%, 11/25/2026<sup>(b)</sup> | 655127 | 644305  |
| &nbsp;&nbsp;&nbsp; **TOTAL ASSET-BACKED SECURITIES** <br>**(Cost $4,608,552)** |  | 4659844  |
| **AGENCY MORTGAGE-BACKED SECURITIES — 1.6%**  | **AGENCY MORTGAGE-BACKED SECURITIES — 1.6%**  | **AGENCY MORTGAGE-BACKED SECURITIES — 1.6%**  |
|  Federal Home Loan Mortgage Corp. <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pool SD3857, <br>6.00%, 09/01/2053 | 1267048 | 1304112  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pool SD6320, <br>5.50%, 08/01/2054 | 2805303 | 2847057  |
| &nbsp;&nbsp;&nbsp; **TOTAL AGENCY MORTGAGE-BACKED SECURITIES** <br>**(Cost $4,020,542)** |  | 4151169  |
| **U.S. GOVERNMENT AGENCY ISSUES — 1.1%**  | **U.S. GOVERNMENT AGENCY ISSUES — 1.1%**  |  |
|  Federal Home Loan Banks, 4.70%, 09/24/2032 | 3000000 | 2997432  |
| &nbsp;&nbsp;&nbsp; **TOTAL U.S. GOVERNMENT AGENCY ISSUES** <br>**(Cost $3,000,000)** |  | 2997432  |
| **SHORT TERM INVESTMENTS – 1.4%**  | **SHORT TERM INVESTMENTS – 1.4%**  |  |
| &nbsp;&nbsp;&nbsp; **U.S. Treasury Bills – 0.7%** <br>**3.58%, 04/14/2026<sup>(e)</sup>** | 2000000 | 1980047 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **Money Market Funds — 0.7%**<br>|  |  |
|  First American Government Obligations Fund - Class X, 3.67%<sup>(f)</sup> | 1755075 | 1755075  |
| &nbsp;&nbsp;&nbsp; **TOTAL SHORT-TERM INVESTMENTS** <br>**(Cost $3,734,796)** |  | 3735122  |
|  **TOTAL INVESTMENTS — 98.8% (Cost $244,036,103)** |  | $257568184  |
|  Other Assets in Excess of Liabilities — 1.2% |  | 2998686  |
| &nbsp;&nbsp;&nbsp; **TOTAL NET** <br>**ASSETS — 100.0%** |  | $260566870 |

---

The accompanying notes are an integral part of these financial statements.

24<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Carillon Chartwell Real Income Fund** 

**Schedule of Investments** 

**December 31, 2025(Continued)** 

Percentages are stated as a percent of net assets.

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

ADR - American Depositary Receipt

LLC - Limited Liability Company

PLC - Public Limited Company

REIT - Real Estate Investment Trust

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors.

<sup>(c)</sup> Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of December 31, 2025. 

<sup>(d)</sup> All or a portion of this security is on loan as of December 31, 2025. The fair value of these securities was $1,717,481 which represented 0.7% of net assets. 

<sup>(e)</sup> The rate shown is the annualized yield as of December 31, 2025.

<sup>(f)</sup> The rate shown represents the 7-day annualized effective yield as of December 31, 2025. Investment made with cash collateral received for securities on loan.

The accompanying notes are an integral part of these financial statements.

25<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Carillon Chartwell Short Duration High Yield Fund** 

**Schedule of Investments** 

**December 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **CORPORATE BONDS — 93.9%**  | **CORPORATE BONDS — 93.9%**  |  |
| **Aerospace & Defense — 2.3%** <br>|  |  |
| TransDigm, Inc. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 08/15/2028<sup>(a)</sup> | $3850000 | $3917821  |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/2029<sup>(a)</sup> | 2850000 | 2939117  |
|  |  | 6856938  |
| **Airlines — 2.5%**<br>|  |  |
|  American Airlines, Inc./AAdvantage Loyalty IP Ltd. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/20/2026<sup>(a)</sup> | 2028333 | 2031216  |
| &nbsp;&nbsp;&nbsp; 5.75%, 04/20/2029<sup>(a)</sup> | 5220000 | 5315730  |
|  |  | 7346946  |
| **Automobile Components — 1.7%** | **Automobile Components — 1.7%** |  |
| &nbsp;&nbsp;&nbsp; Phinia, Inc., <br>6.75%, 04/15/2029 <sup>(a)</sup> | 5005000 | 5180085  |
| **Commercial Services — 1.2%**<br>|  |  |
|  Prime Security Services Borrower LLC/Prime Finance, Inc. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 04/15/2026<sup>(a)</sup> | 344000 | 344123  |
| &nbsp;&nbsp;&nbsp; 3.38%, 08/31/2027<sup>(a)</sup> | 3440000 | 3372767  |
|  |  | 3716890  |
| **Commercial Services & Supplies — 3.7%** | **Commercial Services & Supplies — 3.7%** |  |
|  GFL Environmental, Inc., 4.75%, 06/15/2029<sup>(a)</sup> | 5045000 | 5034743  |
| The Brink's Co. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 10/15/2027<sup>(a)</sup> | 1760000 | 1759873  |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/15/2029<sup>(a)</sup> | 4177000 | 4324845  |
|  |  | 11119461  |
| **Consumer Finance — 4.6%**<br>|  |  |
| OneMain Finance Corp. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 7.13%, 03/15/2026 | 707000 | 712209  |
| &nbsp;&nbsp;&nbsp; 3.50%, 01/15/2027 | 4190000 | 4149106  |
| &nbsp;&nbsp;&nbsp; 3.88%, 09/15/2028 | 2370000 | 2309864  |
| SLM Corp. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.13%, 11/02/2026 | 3863000 | 3797184  |
| &nbsp;&nbsp;&nbsp; 6.50%, 01/31/2030 | 2630000 | 2722202  |
|  |  | 13690565  |
| **Diversified Financial Services — 2.6%** | **Diversified Financial Services — 2.6%** |  |
| &nbsp;&nbsp;&nbsp; Azorra Finance Ltd., <br>7.25%, 01/15/2031<sup>(a)</sup> | 1980000 | 2074708  |
| &nbsp;&nbsp;&nbsp; GGAM Finance Ltd., <br>8.00%, 02/15/2027<sup>(a)</sup> | 2765000 | 2827821  |
| &nbsp;&nbsp;&nbsp; Macquarie Airfinance Holdings Ltd., <br>6.40%, 03/26/2029<sup>(a)</sup> | 1200000 | 1257476  |
|  Stonebriar ABF Issuer LLC, 8.13%, 12/15/2030<sup>(a)</sup> | 1495000 | 1538654  |
|  |  | 7698659  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **Electric — 4.3%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Clearway Energy Operating LLC, <br>4.75%, 03/15/2028<sup>(a)</sup> | $6974000 | $6958805  |
|  Vistra Operations Co. LLC, 4.38%, 05/01/2029<sup>(a)</sup> | 5806000 | 5733104  |
|  |  | 12691909  |
| &nbsp;&nbsp;&nbsp; **Electrical Components &** <br>**Equipment — 1.8%** | &nbsp;&nbsp;&nbsp; **Electrical Components &** <br>**Equipment — 1.8%** | &nbsp;&nbsp;&nbsp; **Electrical Components &** <br>**Equipment — 1.8%** |
|  WESCO Distribution, Inc., 6.38%, 03/15/2029<sup>(a)</sup> | 5050000 | 5214977  |
| **Financial Services — 2.5%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Block, Inc., <br>5.63%, 08/15/2030<sup>(a)</sup> | 7235000 | 7382030  |
| **Food — 2.5%**<br>|  |  |
|  Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.63%, 01/15/2027<sup>(a)</sup> | 2205000 | 2202876  |
| &nbsp;&nbsp;&nbsp; 3.50%, 03/15/2029<sup>(a)</sup> | 3735000 | 3587066  |
| &nbsp;&nbsp;&nbsp; 5.50%, 03/31/2031<sup>(a)</sup> | 1555000 | 1571395  |
|  |  | 7361337  |
| **Food Products — 2.5%**<br>|  |  |
|  Darling Ingredients, Inc., 6.00%, 06/15/2030<sup>(a)</sup> | 7215000 | 7332828  |
| **Ground Transportation — 2.4%** | **Ground Transportation — 2.4%** |  |
| &nbsp;&nbsp;&nbsp; XPO, Inc., <br>6.25%, 06/01/2028<sup>(a)</sup> | 6990000 | 7127221  |
| &nbsp;&nbsp;&nbsp; **Health Care Providers &** <br>**Services — 4.5%** | &nbsp;&nbsp;&nbsp; **Health Care Providers &** <br>**Services — 4.5%** |  |
| &nbsp;&nbsp;&nbsp; Centene Corp., <br>4.25%, 12/15/2027 | 6403000 | 6365301  |
| Tenet Healthcare Corp. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.13%, 11/01/2027 | 3105000 | 3111945  |
| &nbsp;&nbsp;&nbsp; 4.25%, 06/01/2029 | 3925000 | 3866381  |
|  |  | 13343627  |
| **Healthcare Products — 2.4%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Medline Borrower LP, <br>3.88%, 04/01/2029<sup>(a)</sup> | 7415000 | 7239331  |
| &nbsp;&nbsp;&nbsp; **Hotels, Restaurants &** <br>**Leisure — 5.6%** | &nbsp;&nbsp;&nbsp; **Hotels, Restaurants &** <br>**Leisure — 5.6%** |  |
| &nbsp;&nbsp;&nbsp; Boyd Gaming Corp., <br>4.75%, 12/01/2027 | 7355000 | 7345589  |
|  Caesars Entertainment, Inc., 7.00%, 02/15/2030<sup>(a)</sup> | 5270000 | 5457912  |
| Travel + Leisure Co. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 07/31/2026<sup>(a)</sup> | 3580000 | 3605053  |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/01/2027<sup>(b)</sup> | 380000 | 385746  |
|  |  | 16794300  |

---

The accompanying notes are an integral part of these financial statements.

26<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Carillon Chartwell Short Duration High Yield Fund** 

**Schedule of Investments** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **CORPORATE BONDS — (Continued)**  | **CORPORATE BONDS — (Continued)**  | **CORPORATE BONDS — (Continued)**  |
| **Insurance — 2.1%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; APH Somerset Investor 2 LLC/APH2 Somerset Investor 2 LLC/APH3 Somerset Inves, <br>7.88%, 11/01/2029<sup>(a)</sup> | $6295000 | $6357850  |
| **Investment Companies — 3.9%** | **Investment Companies — 3.9%** |  |
|  HAT Holdings I LLC/HAT Holdings II LLC <br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.38%, 06/15/2026<sup>(a)</sup> | $5505000 | 5469982  |
| &nbsp;&nbsp;&nbsp; 8.00%, 06/15/2027<sup>(a)</sup> | 1240000 | 1287087  |
|  Icahn Enterprises LP/Icahn Enterprises Finance Corp. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.25%, 05/15/2026 | 456000 | 455684  |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/15/2027 | 4385000 | 4324729  |
|  |  | 11537482  |
| **Lodging — 1.9%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Genting New York LLC/GENNY Capital, Inc., <br>7.25%, 10/01/2029<sup>(a)</sup> | 2450000 | 2512625  |
|  Hilton Domestic Operating Co., Inc., 4.88%, 01/15/2030 | 2140000 | 2147217  |
| &nbsp;&nbsp;&nbsp; Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., <br>4.88%, 04/01/2027 | 1105000 | 1105503  |
|  |  | 5765345  |
| **Machinery — 2.2%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; ESAB Corp., <br>6.25%, 04/15/2029<sup>(a)</sup> | 6455000 | 6637141  |
| **Media — 6.0%**<br>|  |  |
|  CCO Holdings LLC/CCO Holdings Capital Corp., 5.00%, 02/01/2028<sup>(a)</sup> | 7435000 | 7376171  |
| &nbsp;&nbsp;&nbsp; Sirius XM Radio LLC, <br>3.13%, 09/01/2026<sup>(a)</sup> | 6495000 | 6437896  |
| &nbsp;&nbsp;&nbsp; TEGNA, Inc., <br>4.63%, 03/15/2028 | 4050000 | 4008367  |
|  |  | 17822434  |
| **Metals & Mining — 0.2%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Cleveland-Cliffs, Inc., <br>6.88%, 11/01/2029<sup>(a)</sup> | 625000 | 647320  |
| **Mortgage REITs — 2.1%**<br>|  |  |
| Starwood Property Trust, Inc. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.63%, 07/15/2026<sup>(a)</sup> | 4362000 | 4340635  |
| &nbsp;&nbsp;&nbsp; 4.38%, 01/15/2027<sup>(a)</sup> | 2015000 | 2002481  |
|  |  | 6343116  |
| **Oil & Gas — 2.2%**<br>|  |  |
|  Sunoco LP/Sunoco Finance Corp. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 04/15/2027 | 4425000 | 4431106  |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/15/2028 | 2085000 | 2090092  |
|  |  | 6521198  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **Oil, Gas & Consumable Fuels — 2.4%** | **Oil, Gas & Consumable Fuels — 2.4%** |  |
| Hess Midstream Operations LP <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 03/01/2028<sup>(a)</sup> | $3275000 | $3336485  |
| &nbsp;&nbsp;&nbsp; 5.13%, 06/15/2028<sup>(a)</sup> | 3815000 | 3830397  |
|  |  | 7166882  |
| **Pharmaceuticals — 4.8%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Jazz Securities DAC, <br>4.38%, 01/15/2029<sup>(a)</sup> | 7085000 | 6988019  |
|  Teva Pharmaceutical Finance Netherlands III BV <br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.15%, 10/01/2026 | 1518000 | 1500476  |
| &nbsp;&nbsp;&nbsp; 4.75%, 05/09/2027 | 3214000 | 3222212  |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/01/2028 | 250000 | 259455  |
| &nbsp;&nbsp;&nbsp; 5.13%, 05/09/2029 | 2310000 | 2336106  |
|  |  | 14306268  |
| **Pipelines — 4.0%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Kinetik Holdings LP, <br>6.63%, 12/15/2028<sup>(a)</sup> | 7110000 | 7321004  |
|  Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 01/15/2028<sup>(a)</sup> | 1845000 | 1845994  |
| &nbsp;&nbsp;&nbsp; 7.38%, 02/15/2029<sup>(a)</sup> | 2575000 | 2661425  |
|  |  | 11828423  |
| **REITS — 4.5%**<br>|  |  |
|  Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co.-Issuer <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 10/01/2028<sup>(a)</sup> | 3560000 | 3562845  |
| &nbsp;&nbsp;&nbsp; 4.88%, 05/15/2029<sup>(a)</sup> | 3610000 | 3525103  |
| &nbsp;&nbsp;&nbsp; VICI Properties LP/VICI Note Co., Inc., <br>4.25%, 12/01/2026<sup>(a)</sup> | 6375000 | 6373928  |
|  |  | 13461876  |
| **Software — 2.1%**<br>|  |  |
|  SS&C Technologies, Inc., 5.50%, 09/30/2027<sup>(a)</sup> | 6375000 | 6380757  |
| **Specialized REITs — 2.3%**<br>|  |  |
|  SBA Communications Corp., 3.88%, 02/15/2027 | 6805000 | 6753731  |
|  **Technology Hardware, Storage & Peripherals — 0.4%** | **Technology Hardware, Storage & Peripherals — 0.4%** |  |
| &nbsp;&nbsp;&nbsp; Western Digital Corp., <br>4.75%, 02/15/2026 | 1168000 | 1168893  |
| **Telecommunications — 1.5%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; WULF Compute LLC, <br>7.75%, 10/15/2030<sup>(a)</sup> | 4375000 | 4507337  |

---

The accompanying notes are an integral part of these financial statements.

27<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Carillon Chartwell Short Duration High Yield Fund** 

**Schedule of Investments** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **CORPORATE BONDS — (Continued)**  | **CORPORATE BONDS — (Continued)**  | **CORPORATE BONDS — (Continued)**  |
| **Trading Companies & Distributors — 4.2%** | **Trading Companies & Distributors — 4.2%** |  |
|  FTAI Aviation Investors LLC, 5.50%, 05/01/2028<sup>(a)</sup> | $7000000 | $7006125  |
| Herc Holdings, Inc. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.63%, 06/15/2029<sup>(a)</sup> | 5055000 | 5247588  |
| &nbsp;&nbsp;&nbsp; 5.75%, 03/15/2031<sup>(a)</sup> | 290000 | 294304  |
|  |  | 12548017  |
| &nbsp;&nbsp;&nbsp; **TOTAL CORPORATE BONDS** <br>**(Cost $275,650,516)** |  | 279851174  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 93.9%** <br>**(Cost $275,650,516)** |  | $279851174  |
|  Other Assets in Excess of Liabilities — 6.1%  |  | 18228262  |
| &nbsp;&nbsp;&nbsp; **TOTAL NET** <br>**ASSETS — 100.0%** |  | $298079436 |

---

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

LLC - Limited Liability Company

LP - Limited Partnership

REIT - Real Estate Investment Trust

<sup>(a)</sup> Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors.

<sup>(b)</sup> Step coupon bond. The rate disclosed is as of December 31, 2025.

The accompanying notes are an integral part of these financial statements.

28<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Carillon Reams Core Bond Fund** 

**Schedule of Investments** 

**December 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **CORPORATE BONDS — 30.2%** <br>|  |  |
| **Aerospace & Defense — 0.3%** <br>|  |  |
|  L3Harris Technologies, Inc., 5.35%, 06/01/2034 | $1139000 | $1179057  |
| **Air Freight & Logistics — 0.2%** <br>|  |  |
| &nbsp;&nbsp;&nbsp; United Parcel Service, Inc., <br>5.15%, 05/22/2034 | 1135000 | 1178568  |
| **Airlines — 2.5%** <br>|  |  |
| &nbsp;&nbsp;&nbsp; Air Canada, Pass Through Trust, Series 2020-2, Class A, <br>5.25%, 04/01/2029<sup>(a)</sup> | 503987 | 515130  |
|  Alaska Airlines, Pass Through Trust, Series 2020-1, Class A, 4.80%, 08/15/2027<sup>(a)</sup> | 3520659 | 3540979  |
|  American Airlines, Pass Through Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2017-2, Class AA, 3.35%, 10/15/2029 | 409917 | 397751  |
| &nbsp;&nbsp;&nbsp; Series 2019-1, Class AA, 3.15%, 02/15/2032 | 582301 | 550396  |
|  British Airways, Pass Through Trust, Series 2019-1, Class AA, 3.30%, 12/15/2032<sup>(a)</sup> | 387560 | 365951  |
|  Delta Air Lines, Pass Through Trust, Series 2020-1, Class AA, 2.00%, 06/10/2028 | 1865751 | 1781898  |
| JetBlue, Pass Through Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-1, Class AA, 2.75%, 05/15/2032 | 1798911 | 1613788  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-1, Class A, <br>4.00%, 11/15/2032 | 931849 | 887108  |
| United Airlines, Pass Through Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2015-1, Class AA, 3.45%, 12/01/2027 | 308169 | 303693  |
| &nbsp;&nbsp;&nbsp; Series 2016-2, Class AA, 2.88%, 10/07/2028 | 604020 | 582299  |
| &nbsp;&nbsp;&nbsp; Series 2018-1, Class AA, 3.50%, 09/01/2031 | 1099507 | 1062061  |
| &nbsp;&nbsp;&nbsp; Series 2019-1, Class AA, 4.15%, 08/25/2031 | 329919 | 323944  |
|  |  | 11924998  |
| **Auto Manufacturers — 3.4%** <br>|  |  |
|  American Honda Finance Corp., 5.20%, 03/05/2035 | 2205000 | 2234722  |
| General Motors Financial Co., Inc. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 1.25%, 01/08/2026 | 3440000 | 3438312  |
| &nbsp;&nbsp;&nbsp; 4.20%, 10/27/2028 | 5110000 | 5117269  |
| &nbsp;&nbsp;&nbsp; 3.10%, 01/12/2032 | 820000 | 747421  |
|  Volkswagen Group of America Finance LLC <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.30%, 03/22/2027<sup>(a)</sup> | 2160000 | 2186514  |
| &nbsp;&nbsp;&nbsp; 3.75%, 05/13/2030<sup>(a)</sup> | 2325000 | 2249958  |
|  |  | 15974196  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **Banks — 6.5%** <br>|  |  |
| Bank of America Corp. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.98% to 01/24/2028 then SOFR + 0.83%, 01/24/2029 | $2210000 | $2251357  |
| &nbsp;&nbsp;&nbsp; 4.57% to 04/27/2032 then SOFR + 1.83%, 04/27/2033 | 810000 | 808015  |
| &nbsp;&nbsp;&nbsp; 5.51% to 01/24/2035 then SOFR + 1.31%, 01/24/2036 | 1505000 | 1569110  |
| Citigroup, Inc. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.54% to 09/19/2029 then SOFR + 1.34%, 09/19/2030 | 1215000 | 1224662  |
| &nbsp;&nbsp;&nbsp; 3.79% to 03/17/2032 then SOFR + 1.94%, 03/17/2033 | 3455000 | 3294269  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.45% to 06/11/2034 then <br>SOFR + 1.45%, 06/11/2035 | 660000 | 683489  |
| &nbsp;&nbsp;&nbsp; 5.33% to 03/27/2035 then SOFR + 1.47%, 03/27/2036 | 875000 | 895081  |
| HSBC Holdings PLC <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 03/31/2030 | 1740000 | 1783724  |
| &nbsp;&nbsp;&nbsp; 5.45% to 03/03/2035 then SOFR + 1.56%, 03/03/2036 | 935000 | 964643  |
| JPMorgan Chase & Co. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.51% to 10/22/2027 then SOFR + 0.86%, 10/22/2028 | 775000 | 782595  |
| &nbsp;&nbsp;&nbsp; 4.59% to 04/26/2032 then SOFR + 1.80%, 04/26/2033 | 645000 | 648399  |
| &nbsp;&nbsp;&nbsp; 4.91% to 07/25/2032 then SOFR + 2.08%, 07/25/2033 | 3635000 | 3703007  |
| &nbsp;&nbsp;&nbsp; 5.50% to 01/24/2035 then SOFR + 1.32%, 01/24/2036 | 1505000 | 1572904  |
|  Royal Bank of Canada, 4.65% to 10/18/2029 then SOFR + 1.08%, 10/18/2030 | 1905000 | 1931559  |
|  The PNC Financial Services Group, Inc. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.81% to 10/21/2031 then SOFR + 1.26%, 10/21/2032 | 800000 | 814140  |
| &nbsp;&nbsp;&nbsp; 6.04% to 10/28/2032 then SOFR + 2.14%, 10/28/2033 | 965000 | 1042279  |
|  US Bancorp, 5.38% to 01/23/2029 then SOFR + 1.56%, 01/23/2030 | 2185000 | 2262975  |
| Wells Fargo & Co. <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.48% to 04/04/2030 then <br>3 mo. Term SOFR + 4.03%, 04/04/2031 | 2505000 | 2521553  |
| &nbsp;&nbsp;&nbsp; 4.90% to 07/25/2032 then SOFR + 2.10%, 07/25/2033 | 1755000 | 1782299  |
|  |  | 30536060  |
| **Beverages — 0.2%** <br>|  |  |
|  Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc., 4.70%, 02/01/2036 | 985000 | 974997  |

---

The accompanying notes are an integral part of these financial statements.

29<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Carillon Reams Core Bond Fund** 

**Schedule of Investments** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **CORPORATE BONDS — (Continued)**  | **CORPORATE BONDS — (Continued)**  | **CORPORATE BONDS — (Continued)**  |
| **Capital Markets — 2.3%** <br>|  |  |
| Morgan Stanley <br>|  |  |
| &nbsp;&nbsp;&nbsp; 2.94% to 01/21/2032 then SOFR + 1.29%, 01/21/2033 | $1100000 | $1003962  |
| &nbsp;&nbsp;&nbsp; 5.59% to 01/18/2035 then SOFR + 1.42%, 01/18/2036 | 1505000 | 1572703  |
|  State Street Corp., 5.15% to 02/28/2035 then SOFR + 1.22%, 02/28/2036 | 1460000 | 1494248  |
|  The Bank of New York Mellon Corp., 4.97% to 04/26/2033 then SOFR + 1.61%, 04/26/2034 | 2235000 | 2278601  |
| The Goldman Sachs Group, Inc. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.10% to 02/24/2032 then SOFR + 1.41%, 02/24/2033 | 1180000 | 1087046  |
| &nbsp;&nbsp;&nbsp; 5.54% to 01/28/2035 then SOFR + 1.38%, 01/28/2036 | 1505000 | 1562004  |
| UBS Group AG <br>|  |  |
| &nbsp;&nbsp;&nbsp; 1.36% to 01/30/2026 then 1 yr. CMT Rate + 1.08%, 01/30/2027<sup>(a)</sup> | 1575000 | 1571459  |
| &nbsp;&nbsp;&nbsp; 3.13% to 08/13/2029 then 3 mo. LIBOR USD + 1.47%, 08/13/2030<sup>(a)(b)</sup> | 340000 | 325763  |
|  |  | 10895786  |
| **Consumer Finance — 0.7%** <br>|  |  |
| American Express Co. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.04% to 07/26/2027 then SOFR + 0.93%, 07/26/2028 | 1490000 | 1515150  |
| &nbsp;&nbsp;&nbsp; 5.67% to 04/25/2035 then SOFR + 1.79%, 04/25/2036 | 1710000 | 1805529  |
|  |  | 3320679  |
| **Containers & Packaging — 0.4%** <br>|  |  |
| &nbsp;&nbsp;&nbsp; Sonoco Products Co., <br>3.13%, 05/01/2030 | 1980000 | 1873203  |
| **Electric — 5.9%** <br>|  |  |
| &nbsp;&nbsp;&nbsp; Appalachian Power Co., <br>2.70%, 04/01/2031 | 2660000 | 2433808  |
| &nbsp;&nbsp;&nbsp; Consolidated Edison Co. of New York, Inc., <br>3.35%, 04/01/2030 | 295000 | 285677  |
|  DTE Electric Co., 5.20%, 04/01/2033 | 1930000 | 2005636  |
| Duke Energy Florida LLC <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/15/2033 | 625000 | 674687  |
| &nbsp;&nbsp;&nbsp; 5.65%, 04/01/2040 | 1865000 | 1938112  |
| &nbsp;&nbsp;&nbsp; Duke Energy Indiana LLC, <br>5.25%, 03/01/2034 | 1105000 | 1144413  |
|  Duke Energy Progress LLC, 5.25%, 03/15/2033 | 1770000 | 1840628  |
| Entergy Arkansas LLC <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.30%, 09/15/2033 | 1575000 | 1640275  |
| &nbsp;&nbsp;&nbsp; 5.45%, 06/01/2034 | 1285000 | 1342440  |
| &nbsp;&nbsp;&nbsp; 3.35%, 06/15/2052 | 1380000 | 935584  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| &nbsp;&nbsp;&nbsp; Entergy Louisiana LLC, <br>5.35%, 03/15/2034 | $1410000 | $1465369  |
|  Indianapolis Power & Light Co., 5.65%, 12/01/2032<sup>(a)</sup> | 1740000 | 1816055  |
| &nbsp;&nbsp;&nbsp; MidAmerican Energy Co., <br>5.35%, 01/15/2034 | 1015000 | 1059584  |
| &nbsp;&nbsp;&nbsp; Monongahela Power Co., <br>5.85%, 02/15/2034<sup>(a)</sup> | 1330000 | 1405567  |
|  Northern States Power Co./MN, 5.05%, 05/15/2035 | 1850000 | 1884952  |
|  Public Service Co. of New Hampshire, 5.35%, 10/01/2033 | 2450000 | 2556606  |
|  San Diego Gas & Electric Co., 5.40%, 04/15/2035 | 2670000 | 2763621  |
|  Wisconsin Public Service Corp., 2.85%, 12/01/2051 | 785000 | 495166  |
|  |  | 27688180  |
| **Electric Utilities — 2.3%** <br>|  |  |
| &nbsp;&nbsp;&nbsp; IPALCO Enterprises, Inc., <br>4.25%, 05/01/2030 | 2265000 | 2213896  |
| &nbsp;&nbsp;&nbsp; Union Electric Co., <br>5.20%, 04/01/2034 | 1550000 | 1596000  |
|  Virginia Electric and Power Co., 5.15%, 03/15/2035 | 2845000 | 2894678  |
| Wisconsin Power and Light Co. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 1.95%, 09/16/2031 | 1570000 | 1375539  |
| &nbsp;&nbsp;&nbsp; 3.95%, 09/01/2032 | 1595000 | 1536730  |
| &nbsp;&nbsp;&nbsp; 4.95%, 04/01/2033 | 1450000 | 1468292  |
|  |  | 11085135  |
| **Ground Transportation — 1.0%** <br>|  |  |
| CSX Corp., 5.05%, 06/15/2035 | 950000 | 966287  |
| &nbsp;&nbsp;&nbsp; Norfolk Southern Corp., <br>5.10%, 05/01/2035 | 1150000 | 1174576  |
|  Union Pacific Corp, 5.10%, 02/20/2035 | 2390000 | 2466512  |
|  |  | 4607375  |
| **Hotels, Restaurants & Leisure — 0.5%**  | **Hotels, Restaurants & Leisure — 0.5%**  |  |
| &nbsp;&nbsp;&nbsp; McDonald's Corp., <br>4.95%, 03/03/2035 | 2395000 | 2422419  |
| **Multi-Utilities — 0.7%** <br>|  |  |
| &nbsp;&nbsp;&nbsp; Dominion Energy, Inc., <br>3.38%, 04/01/2030 | 1125000 | 1085442  |
|  Public Service Enterprise Group, Inc., 2.45%, 11/15/2031 | 1850000 | 1654508  |
| &nbsp;&nbsp;&nbsp; WEC Energy Group, Inc., <br>1.80%, 10/15/2030 | 813000 | 723094  |
|  |  | 3463044  |
| **Oil & Gas — 0.5%** <br>|  |  |
|  BP Capital Markets America, Inc., 5.23%, 11/17/2034 | 2280000 | 2352103  |
| **Oil, Gas & Consumable Fuels — 0.4%**  | **Oil, Gas & Consumable Fuels — 0.4%**  |  |
|  TransCanada PipeLines Ltd., 4.10%, 04/15/2030 | 2125000 | 2100668  |

---

The accompanying notes are an integral part of these financial statements.

30<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Carillon Reams Core Bond Fund** 

**Schedule of Investments** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **CORPORATE BONDS — (Continued)**  | **CORPORATE BONDS — (Continued)**  | **CORPORATE BONDS — (Continued)**  |
| **Equity REITS — 0.8%** <br>|  |  |
| Agree LP, 2.00%, 06/15/2028 | $2610000 | $2486639  |
| &nbsp;&nbsp;&nbsp; Ventas Realty LP, <br>4.75%, 11/15/2030 | 1310000 | 1328387  |
|  |  | 3815026  |
| **Tobacco — 0.7%** <br>|  |  |
| &nbsp;&nbsp;&nbsp; Altria Group, Inc., <br>2.45%, 02/04/2032 | 2285000 | 2020583  |
|  Philip Morris International, Inc., 4.63%, 10/29/2035 | 1130000 | 1105458  |
|  |  | 3126041  |
| **Transportation — 0.9%** <br>|  |  |
|  Burlington Northern Santa Fe LLC, 2.88%, 06/15/2052 | 1545000 | 969823  |
|  Canadian Pacific Railway Co., 5.20%, 03/30/2035 | 3305000 | 3401740  |
|  Union Pacific Railroad Co., Pass Through Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2005, 5.08%, 01/02/2029 | 28233 | 28624  |
| &nbsp;&nbsp;&nbsp; Series 2006, 5.87%, 07/02/2030 | 22751 | 23667  |
|  |  | 4423854  |
| &nbsp;&nbsp;&nbsp; **TOTAL CORPORATE BONDS** <br>**(Cost $142,173,358)** |  | 142941389  |
| **ASSET-BACKED SECURITIES — 24.7%**  | **ASSET-BACKED SECURITIES — 24.7%**  |  |
| AMSR Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-SFR3, Class A, 1.48%, 10/17/2038<sup>(a)</sup> | 1150000 | 1124698  |
| &nbsp;&nbsp;&nbsp; Series 2023-SFR1, Class A, 4.00%, 04/17/2040<sup>(a)</sup> | 750000 | 744550  |
| &nbsp;&nbsp;&nbsp; Series 2023-SFR2, Class A, 3.95%, 06/17/2040<sup>(a)</sup> | 265000 | 262530  |
| &nbsp;&nbsp;&nbsp; Series 2024-SFR1, Class A, 4.29%, 07/17/2041<sup>(a)(c)</sup> | 585000 | 581823  |
| &nbsp;&nbsp;&nbsp; Series 2024-SFR2, Class A, 4.15%, 11/17/2041<sup>(a)</sup> | 440000 | 434237  |
| &nbsp;&nbsp;&nbsp; Series 2025-SFR1, Class A, 3.66%, 06/17/2042<sup>(a)</sup> | 1030000 | 993918  |
| &nbsp;&nbsp;&nbsp; Series 2025-SFR2, Class A, 4.28%, 11/17/2042<sup>(a)</sup> | 565000 | 556690  |
|  Avis Budget Rental Car Funding AESOP LLC <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A, 1.38%, 08/20/2027<sup>(a)</sup> | 4270000 | 4219697  |
| &nbsp;&nbsp;&nbsp; Series 2022-3A, Class A, 4.62%, 02/20/2027<sup>(a)</sup> | 515000 | 515198  |
| &nbsp;&nbsp;&nbsp; Series 2023-4A, Class A, 5.49%, 06/20/2029<sup>(a)</sup> | 725000 | 743300  |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A, 5.36%, 06/20/2030<sup>(a)</sup> | 525000 | 541316  |
| &nbsp;&nbsp;&nbsp; Series 2024-3A, Class A, 5.23%, 12/20/2030<sup>(a)</sup> | 525000 | 541277  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A, 4.80%, 08/20/2029<sup>(a)</sup> | $1495000 | $1518408  |
| &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A, 5.12%, 08/20/2031<sup>(a)</sup> | 3075000 | 3150683  |
| &nbsp;&nbsp;&nbsp; Series 2025-4A, Class A, 4.40%, 02/20/2032<sup>(a)</sup> | 4470000 | 4444801  |
| BMW Vehicle Owner Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-A, Class A3, 5.47%, 02/25/2028 | 345910 | 347997  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A, Class A2B, 4.17% (30 day avg SOFR <br>US + 0.30%), 10/25/2027 | 2015948 | 2015945  |
|  Bridge Trust, Series 2025-SFR1, Class A, 4.05%, 09/17/2042<sup>(a)</sup> | 2223865 | 2143051  |
|  Capital One Prime Auto Receivables Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-1, Class A3, 4.87%, 02/15/2028 | 1351847 | 1356842  |
| &nbsp;&nbsp;&nbsp; Series 2024-1, Class A2A, 4.61%, 10/15/2027 | 267086 | 267437  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1, Class A2B, 4.30% (30 day avg SOFR <br>US + 0.32%), 10/15/2027 | 255401 | 255403  |
|  CarMax Auto Owner Trust, Series 2025-3, Class A2A, 4.42%, 08/15/2028 | 1650000 | 1654052  |
|  Discover Card Execution Note Trust, Series 2023-A2, Class A, 4.93%, 06/15/2028 | 1320000 | 1326671  |
| FirstKey Homes Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-SFR1, Class A, 1.54%, 08/17/2038<sup>(a)</sup> | 1755095 | 1725718  |
| &nbsp;&nbsp;&nbsp; Series 2021-SFR2, Class A, 1.38%, 09/17/2038<sup>(a)</sup> | 316145 | 309872  |
| &nbsp;&nbsp;&nbsp; Series 2022-SFR3, Class A, 4.25%, 07/17/2038<sup>(a)</sup> | 343362 | 342734  |
| Ford Credit Auto Owner Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-B, Class A2A, 5.40%, 04/15/2027 | 148435 | 148637  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B, Class A2B, 4.38% (30 day avg SOFR <br>US + 0.40%), 04/15/2027 | 253823 | 253897  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-C, Class A2B, 4.38% (30 day avg SOFR <br>US + 0.40%), 08/15/2027 | 455738 | 455843  |
| &nbsp;&nbsp;&nbsp; Series 2024-D, Class A2A, 4.59%, 10/15/2027 | 354307 | 355033  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-D, Class A2B, 4.30% (30 day avg SOFR <br>US + 0.32%), 10/15/2027 | 423053 | 423177  |
|  GM Financial Consumer Automobile Receivables Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-3, Class A2A, 5.35%, 06/16/2027 | 67627 | 67672  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-3, Class A2B, 4.33% (30 day avg SOFR <br>US + 0.36%), 06/16/2027 | 67627 | 67632  |

---

The accompanying notes are an integral part of these financial statements.

31<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Carillon Reams Core Bond Fund** 

**Schedule of Investments** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **ASSET-BACKED SECURITIES — (Continued)**  | **ASSET-BACKED SECURITIES — (Continued)**  | **ASSET-BACKED SECURITIES — (Continued)**  |
| &nbsp;&nbsp;&nbsp; Series 2025-2, Class A2A, 4.40%, 02/16/2028 | $611647 | $612904  |
| &nbsp;&nbsp;&nbsp; Series 2025-3, Class A2A, 4.32%, 06/16/2028 | 3115000 | 3122857  |
| Hertz Vehicle Financing III LLC <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A, 4.91%, 09/25/2029<sup>(a)</sup> | 3135000 | 3171212  |
| &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A, 5.13%, 09/25/2031<sup>(a)</sup> | 2040000 | 2072087  |
| &nbsp;&nbsp;&nbsp; Series 2025-3A, Class A, 5.06%, 12/26/2029<sup>(a)</sup> | 3275000 | 3315646  |
| &nbsp;&nbsp;&nbsp; Series 2025-4A, Class A, 5.41%, 12/25/2031<sup>(a)</sup> | 2260000 | 2320666  |
| &nbsp;&nbsp;&nbsp; Series 2025-5A, Class A, 4.62%, 05/25/2030<sup>(a)</sup> | 1020000 | 1020135  |
|  Hertz Vehicle Financing III LP, Series 2021-2A, Class A, 1.68%, 12/27/2027<sup>(a)</sup> | 3725000 | 3654403  |
| &nbsp;&nbsp;&nbsp; Home Partners of America Trust, Series 2021-2, Class A, <br>1.90%, 12/17/2026<sup>(a)</sup> | 852890 | 834987  |
|  Honda Auto Receivables Owner Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1, Class A3, 5.21%, 08/15/2028 | 681078 | 686998  |
| &nbsp;&nbsp;&nbsp; Series 2025-2, Class A2A, 4.30%, 01/18/2028 | 1097309 | 1099428  |
| &nbsp;&nbsp;&nbsp; Series 2025-3, Class A2A, 4.19%, 03/21/2028 | 3155000 | 3163406  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-3, Class A2B, 4.27% (30 day avg SOFR <br>US + 0.35%), 03/21/2028 | 2235000 | 2234800  |
| Hyundai Auto Receivables Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-B, Class A2A, 5.15%, 06/15/2027 | 284035 | 284476  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B, Class A2B, 4.35% (30 day avg SOFR <br>US + 0.37%), 06/15/2027 | 248146 | 248146  |
| &nbsp;&nbsp;&nbsp; Series 2025-B, Class A2A, 4.45%, 08/15/2028 | 2160000 | 2166818  |
| &nbsp;&nbsp;&nbsp; Series 2025-C, Class A2A, 3.97%, 07/17/2028 | 5060000 | 5065451  |
|  Invitation Homes Trust, Series 2024-SFR1, Class A, 4.00%, 09/17/2041<sup>(a)</sup> | 1667144 | 1641670  |
| Mercedes-Benz Auto Lease Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A, Class A2B, 4.40% (30 day avg SOFR <br>US + 0.42%), 02/16/2027 | 151319 | 151344  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B, Class A2B, 4.42% (30 day avg SOFR <br>US + 0.44%), 12/15/2026 | 69008 | 69015  |
| Nissan Auto Receivables Owner Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B, Class A2B, 4.36% (30 day avg SOFR <br>US + 0.38%), 06/15/2027 | 725501 | 725738  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| &nbsp;&nbsp;&nbsp; Series 2025-A, Class A2A, 4.50%, 02/15/2028 | $4052000 | $4065059  |
|  Porsche Financial Auto Securitization Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A2A, 4.45%, 01/24/2028<sup>(a)</sup> | 98543 | 98581  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1A, Class A2B, 4.20% (30 day avg SOFR <br>US + 0.28%), 01/24/2028<sup>(a)</sup> | 82635 | 82633  |
| Progress Residential Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-SFR3, Class A, 1.64%, 05/17/2026<sup>(a)</sup> | 1519569 | 1509960  |
| &nbsp;&nbsp;&nbsp; Series 2021-SFR5, Class A, 1.43%, 07/17/2038<sup>(a)</sup> | 689042 | 680012  |
| &nbsp;&nbsp;&nbsp; Series 2021-SFR7, Class A, 1.69%, 08/17/2040<sup>(a)</sup> | 661917 | 622292  |
| &nbsp;&nbsp;&nbsp; Series 2021-SFR8, Class A, 1.51%, 10/17/2038<sup>(a)</sup> | 864027 | 850645  |
| &nbsp;&nbsp;&nbsp; Series 2021-SFR9, Class A, 2.01%, 11/17/2040<sup>(a)</sup> | 404109 | 380338  |
| &nbsp;&nbsp;&nbsp; Series 2022-SFR1, Class A, 2.71%, 02/17/2041<sup>(a)</sup> | 1729526 | 1650959  |
| &nbsp;&nbsp;&nbsp; Series 2022-SFR2, Class A, 2.95%, 04/17/2027<sup>(a)</sup> | 2941240 | 2893291  |
| &nbsp;&nbsp;&nbsp; Series 2022-SFR4, Class A, 4.44%, 05/17/2041<sup>(a)</sup> | 751553 | 750014  |
| &nbsp;&nbsp;&nbsp; Series 2024-SFR4, Class A, 3.10%, 07/17/2041<sup>(a)</sup> | 2133364 | 2040907  |
| &nbsp;&nbsp;&nbsp; Series 2025-SFR1, Class A, 3.40%, 02/17/2042<sup>(a)</sup> | 806767 | 774053  |
| &nbsp;&nbsp;&nbsp; Series 2025-SFR3, Class A, 3.39%, 07/17/2042<sup>(a)</sup> | 1115000 | 1062611  |
| &nbsp;&nbsp;&nbsp; Series 2025-SFR4, Class A, 4.30%, 08/17/2042<sup>(a)</sup> | 1535000 | 1517193  |
| &nbsp;&nbsp;&nbsp; Series 2025-SFR5, Class A, 3.85%, 10/17/2042<sup>(a)</sup> | 2145000 | 2077570  |
| &nbsp;&nbsp;&nbsp; Series 2025-SFR6, Class A, 4.00%, 12/17/2042<sup>(a)</sup> | 2960000 | 2871911  |
| STAR Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-SFR3, Class A, 5.40% (1 mo. Term SOFR + 1.65%), 05/17/2039<sup>(a)</sup> | 3237117 | 3242524  |
| &nbsp;&nbsp;&nbsp; Series 2025-SFR5, Class A, 5.20% (1 mo. Term SOFR + 1.45%), 02/17/2042<sup>(a)</sup> | 1033636 | 1034925  |
| Toyota Auto Receivables Owner Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-C, Class A2A, 5.16%, 05/17/2027 | 185205 | 185433  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-C, Class A2B, 4.35% (30 day avg SOFR <br>US + 0.37%), 05/17/2027 | 185205 | 185237  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-D, Class A2B, 4.37% (30 day avg SOFR <br>US + 0.39%), 08/16/2027 | 1728024 | 1728288  |
| &nbsp;&nbsp;&nbsp; Series 2025-B, Class A2A, 4.46%, 03/15/2028 | 925318 | 927506  |
| &nbsp;&nbsp;&nbsp; Series 2025-C, Class A2A, 4.29%, 06/15/2028 | 2665000 | 2672579  |

---

The accompanying notes are an integral part of these financial statements.

32<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Carillon Reams Core Bond Fund** 

**Schedule of Investments** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **ASSET-BACKED SECURITIES — (Continued)**  | **ASSET-BACKED SECURITIES — (Continued)**  | **ASSET-BACKED SECURITIES — (Continued)**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-C, Class A2B, 4.28% (30 day avg SOFR <br>US + 0.30%), 06/15/2028 | $2765000 | $2766041  |
| Tricon American Homes Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-SFR1, Class A, 1.50%, 07/17/2038<sup>(a)</sup> | 525094 | 517125  |
| &nbsp;&nbsp;&nbsp; Series 2020-SFR2, Class A, 1.48%, 11/17/2039<sup>(a)</sup> | 847609 | 808504  |
| Tricon Residential Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-SFR1, Class A, 1.94%, 07/17/2038<sup>(a)</sup> | 726293 | 717228  |
| &nbsp;&nbsp;&nbsp; Series 2023-SFR1, Class A, 5.10%, 07/17/2040<sup>(a)</sup> | 512869 | 514430  |
| &nbsp;&nbsp;&nbsp; Series 2025-SFR2, Class A, 5.20%, 08/17/2044<sup>(a)</sup> | 704075 | 710092  |
|  USB Auto Owner Trust, Series 2025-1A, Class A2, 4.51%, 06/15/2028<sup>(a)</sup> | 833412 | 835127  |
| &nbsp;&nbsp;&nbsp; Verizon Master Trust, <br>Series 2024-4, Class A1A, 5.21%, 06/20/2029 | 1700000 | 1710034  |
| World Omni Auto Receivables Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-B, Class A2A, 4.38%, 08/15/2028 | 976619 | 978400  |
| &nbsp;&nbsp;&nbsp; Series 2025-C, Class A2A, 4.19%, 10/16/2028 | 1815000 | 1818469  |
| &nbsp;&nbsp;&nbsp; **TOTAL ASSET-BACKED SECURITIES** <br>**(Cost $115,929,805)** |  | 116832897  |
| **U.S. TREASURY SECURITIES — 22.2%**  | **U.S. TREASURY SECURITIES — 22.2%**  |  |
| U.S. Treasury Bonds <br>|  |  |
| &nbsp;&nbsp;&nbsp; 2.38%, 02/15/2042 | 805000 | 592555  |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/2045 | 36985000 | 36141280  |
| &nbsp;&nbsp;&nbsp; 4.25%, 08/15/2054 | 21106000 | 19082792  |
| &nbsp;&nbsp;&nbsp; 4.75%, 08/15/2055 | 8525000 | 8381141  |
|  U.S. Treasury Inflation Indexed Bonds, 2.38%, 02/15/2055 | 14956956 | 14188060  |
|  U.S. Treasury Inflation Indexed Notes, 1.88%, 07/15/2035 | 11635994 | 11604839  |
| U.S. Treasury Notes <br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 08/31/2032 | 14405000 | 14367299  |
| &nbsp;&nbsp;&nbsp; 4.25%, 08/15/2035 | 494000 | 497551  |
| &nbsp;&nbsp;&nbsp; **TOTAL U.S. TREASURY SECURITIES** <br>**(Cost $107,297,037)** |  | 104855517  |
| **AGENCY MORTGAGE-BACKED SECURITIES — 18.6%**  | **AGENCY MORTGAGE-BACKED SECURITIES — 18.6%**  | **AGENCY MORTGAGE-BACKED SECURITIES — 18.6%**  |
| &nbsp;&nbsp;&nbsp; Fannie Mae-Aces, <br>Series 2021-M23, Class AB, 0.50%, 11/01/2031 | 2061759 | 1742880  |
| &nbsp;&nbsp;&nbsp; Fannie Mae REMIC, <br>Series 2025-103, Class DF, 4.97% (30 day avg SOFR US + 1.10%), 11/25/2055 | 1683254 | 1687486  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| Federal Home Loan Mortgage Corp. <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 5468, Class WF, 4.97% (30 day avg SOFR US + 1.10%), 11/25/2054 | $747793 | $749367  |
| &nbsp;&nbsp;&nbsp; Series 5530, Class FA, 5.02% (30 day avg SOFR US + 1.15%), 04/25/2055 | 2380053 | 2387012  |
| &nbsp;&nbsp;&nbsp; Series 5575, Class FG, 5.17% (30 day avg SOFR US + 1.30%), 09/25/2055 | 1565376 | 1576602  |
| Fannie Mae Pool <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 02/15/2056<sup>(d)</sup> | 13615000 | 12905355  |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/2056<sup>(d)</sup> | 12185000 | 11884773  |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/2056<sup>(d)</sup> | 24200000 | 24110195  |
| &nbsp;&nbsp;&nbsp; 5.50%, 02/15/2056<sup>(d)</sup> | 30655000 | 31054897  |
| &nbsp;&nbsp;&nbsp; **TOTAL AGENCY MORTGAGE-BACKED SECURITIES** <br>**(Cost $88,257,079)** |  | 88098567  |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES — 17.7%**  | **COMMERCIAL MORTGAGE-BACKED SECURITIES — 17.7%**  | **COMMERCIAL MORTGAGE-BACKED SECURITIES — 17.7%**  |
| Angel Oak Mortgage Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-11, Class A1, 4.98%, 10/25/2070<sup>(a)(e)</sup> | 358262 | 358755  |
| &nbsp;&nbsp;&nbsp; Series 2025-12, Class A1, 5.04%, 12/25/2070<sup>(a)(e)</sup> | 471038 | 472187  |
| &nbsp;&nbsp;&nbsp; Series 2025-13, Class A1, 4.93%, 10/25/2070<sup>(a)(c)</sup> | 640000 | 640799  |
| BANK <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-BNK47, Class A5, 5.72%, 06/15/2057 | 1000000 | 1060821  |
| &nbsp;&nbsp;&nbsp; Series 2024-BNK48, Class A5, 5.05%, 10/15/2057 | 445000 | 452436  |
| &nbsp;&nbsp;&nbsp; Series 2025-BNK49, Class A5, 5.62%, 03/15/2058<sup>(e)</sup> | 1120000 | 1182678  |
| BBCMS Mortgage Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-C26, Class A5, 5.83%, 05/15/2057 | 1080000 | 1156207  |
| &nbsp;&nbsp;&nbsp; Series 2025-5C37, Class A3, 5.02%, 09/15/2058 | 1090000 | 1115033  |
| &nbsp;&nbsp;&nbsp; Series 2025-C32, Class A5, 5.72%, 02/15/2062 | 400000 | 425497  |
| &nbsp;&nbsp;&nbsp; Series 2025-C39, Class A5, 5.30%, 12/15/2058 | 985000 | 1016955  |
| Benchmark Mortgage Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2018-B5, Class A2, 4.08%, 07/15/2051 | 502360 | 499377  |
| &nbsp;&nbsp;&nbsp; Series 2021-B23, Class A2, 1.62%, 02/15/2054 | 1122277 | 1031492  |
| &nbsp;&nbsp;&nbsp; Series 2021-B24, Class A2, 1.95%, 03/15/2054 | 1815000 | 1687527  |
| &nbsp;&nbsp;&nbsp; Series 2022-B33, Class A2, 3.32%, 03/15/2055 | 1905000 | 1865745  |
| &nbsp;&nbsp;&nbsp; Series 2025-V17, Class A3, 5.07%, 09/15/2058 | 1065000 | 1091190  |
| &nbsp;&nbsp;&nbsp; Series 2025-V18, Class A3, 5.18%, 10/15/2058 | 910000 | 937121  |

---

The accompanying notes are an integral part of these financial statements.

33<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Carillon Reams Core Bond Fund** 

**Schedule of Investments** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| &nbsp;&nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  | &nbsp;&nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  | &nbsp;&nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  |
| BMO Mortgage Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-C9, Class A5, 5.76%, 07/15/2057 | $915000 | $970392  |
| &nbsp;&nbsp;&nbsp; Series 2025-5C12, Class A3, 5.18%, 10/15/2058 | 590000 | 605668  |
| &nbsp;&nbsp;&nbsp; Series 2025-C11, Class A5, 5.69%, 02/15/2058 | 2730000 | 2881290  |
| &nbsp;&nbsp;&nbsp; Series 2025-C12, Class A5, 5.87%, 06/15/2058<sup>(e)</sup> | 720000 | 770647  |
| Citigroup Mortgage Loan Trust, Inc. <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-INV1, Class A3A, 2.50%, 05/25/2051<sup>(a)(e)</sup> | 851704 | 712836  |
| &nbsp;&nbsp;&nbsp; Series 2021-J3, Class A3A, 2.50%, 09/25/2051<sup>(a)(e)</sup> | 1310373 | 1095083  |
|  COLT Mortgage Loan Trust, Series 2025-12, Class A1, 4.98%, 01/26/2071<sup>(a)(e)</sup> | 1110000 | 1111363  |
|  DBJPM Mortgage Trust, Series 2020-C9, Class A2, 1.90%, 08/15/2053 | 94895 | 94729  |
| Flagstar Mortgage Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-12, Class A2, 2.50%, 11/25/2051<sup>(a)(e)</sup> | 2903725 | 2423022  |
| &nbsp;&nbsp;&nbsp; Series 2021-3INV, Class A18, 5.00%, 06/25/2051<sup>(a)(e)</sup> | 625324 | 616034  |
| &nbsp;&nbsp;&nbsp; Series 2021-3INV, Class A2, 2.50%, 06/25/2051<sup>(a)(e)</sup> | 1211787 | 1014209  |
| &nbsp;&nbsp;&nbsp; Series 2021-4, Class A1, 2.50%, 06/01/2051<sup>(a)(e)</sup> | 2523080 | 2113213  |
| &nbsp;&nbsp;&nbsp; Series 2021-6INV, Class A4, 2.50%, 08/25/2051<sup>(a)(e)</sup> | 2707765 | 2262888  |
| &nbsp;&nbsp;&nbsp; Series 2021-7, Class A1, 2.50%, 08/25/2051<sup>(a)(e)</sup> | 1748652 | 1464588  |
| GS Mortgage-Backed Securities Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-INV1, Class A14, 2.91%, 10/25/2050<sup>(a)(e)</sup> | 712696 | 621553  |
| &nbsp;&nbsp;&nbsp; Series 2021-INV1, Class A2, 2.50%, 12/25/2051<sup>(a)(e)</sup> | 463582 | 387417  |
| &nbsp;&nbsp;&nbsp; Series 2021-PJ2, Class A2, 2.50%, 07/25/2051<sup>(a)(e)</sup> | 809118 | 677193  |
| &nbsp;&nbsp;&nbsp; Series 2022-LTV2, Class A21, 4.00%, 12/25/2052<sup>(a)(e)</sup> | 1035160 | 983651  |
| &nbsp;&nbsp;&nbsp; Series 2022-PJ5, Class A4, 2.50%, 10/25/2052<sup>(a)(e)</sup> | 731714 | 613801  |
| &nbsp;&nbsp;&nbsp; Series 2022-PJ6, Class A4, 3.00%, 01/25/2053<sup>(a)(e)</sup> | 450017 | 393795  |
|  Hudson Yards Mortgage Trust, Series 2025-SPRL, Class A, 5.47%, 01/13/2040<sup>(a)(e)</sup> | 2360000 | 2446824  |
| JP Morgan Mortgage Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-9, Class A4, 2.50%, 05/25/2051<sup>(a)(e)</sup> | 997754 | 931627  |
| &nbsp;&nbsp;&nbsp; Series 2021-10, Class A3A, 2.00%, 12/25/2051<sup>(a)(e)</sup> | 3400090 | 2728062  |
| &nbsp;&nbsp;&nbsp; Series 2021-12, Class A3, 2.50%, 02/25/2052<sup>(a)(e)</sup> | 251301 | 210327  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| &nbsp;&nbsp;&nbsp; Series 2021-13, Class A3A, 2.00%, 04/25/2052<sup>(a)(e)</sup> | $985900 | $788720  |
| &nbsp;&nbsp;&nbsp; Series 2021-14, Class A12, 5.00%, 05/25/2052<sup>(a)(e)</sup> | 1003331 | 973000  |
| &nbsp;&nbsp;&nbsp; Series 2021-14, Class A3A, 2.00%, 05/25/2052<sup>(a)(e)</sup> | 762532 | 609530  |
| &nbsp;&nbsp;&nbsp; Series 2021-15, Class A2, 3.00%, 06/25/2052<sup>(a)(e)</sup> | 2576463 | 2257927  |
| &nbsp;&nbsp;&nbsp; Series 2021-15, Class A3, 2.50%, 06/25/2052<sup>(a)(e)</sup> | 907363 | 759965  |
| &nbsp;&nbsp;&nbsp; Series 2021-3, Class A3, 2.50%, 07/25/2051<sup>(a)(e)</sup> | 2041089 | 1713398  |
| &nbsp;&nbsp;&nbsp; Series 2021-4, Class A3, 2.50%, 08/25/2051<sup>(a)(e)</sup> | 800416 | 671071  |
| &nbsp;&nbsp;&nbsp; Series 2021-7, Class A3, 2.50%, 11/25/2051<sup>(a)(e)</sup> | 621011 | 520502  |
| &nbsp;&nbsp;&nbsp; Series 2021-8, Class A3, 2.50%, 12/25/2051<sup>(a)(e)</sup> | 3118557 | 2606032  |
| &nbsp;&nbsp;&nbsp; Series 2021-INV4, Class A2A, 2.50%, 01/25/2052<sup>(a)(e)</sup> | 1099559 | 917118  |
| &nbsp;&nbsp;&nbsp; Series 2021-INV8, Class A2, 3.00%, 05/25/2052<sup>(a)(e)</sup> | 1597262 | 1399788  |
| &nbsp;&nbsp;&nbsp; Series 2022-1, Class A2, 3.00%, 07/25/2052<sup>(a)(e)</sup> | 1363150 | 1194619  |
| &nbsp;&nbsp;&nbsp; Series 2022-4, Class A2A, 3.00%, 10/25/2052<sup>(a)(e)</sup> | 621418 | 542260  |
| &nbsp;&nbsp;&nbsp; Series 2022-6, Class A3, 3.00%, 11/25/2052<sup>(a)(e)</sup> | 318072 | 277141  |
| &nbsp;&nbsp;&nbsp; Series 2024-3, Class A3, 3.00%, 05/25/2054<sup>(a)(e)</sup> | 2160750 | 1893610  |
| &nbsp;&nbsp;&nbsp; Series 2024-7, Class A3, 3.00%, 04/25/2053<sup>(a)(e)</sup> | 1388091 | 1211272  |
| &nbsp;&nbsp;&nbsp; Series 2025-12MPR, Class A1D, 5.06%, 06/25/2056<sup>(a)(c)</sup> | 2220000 | 2213195  |
| &nbsp;&nbsp;&nbsp; Series 2025-5MPR, Class A1D, 5.50%, 11/25/2055<sup>(a)(c)</sup> | 1913089 | 1920282  |
| &nbsp;&nbsp;&nbsp; Series 2025-7MPR, Class A1D, 5.32%, 02/25/2056<sup>(a)(c)</sup> | 1518489 | 1519844  |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM5, Class A1, 4.88%, 05/25/2065<sup>(a)(e)</sup> | 335000 | 334937  |
| Mello Mortgage Capital Acceptance <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-INV1, Class A4, 2.50%, 06/25/2051<sup>(a)(e)</sup> | 1653444 | 1486966  |
| &nbsp;&nbsp;&nbsp; Series 2021-MTG1, Class A1, 2.50%, 04/25/2051<sup>(a)(e)</sup> | 1424952 | 1190837  |
|  Morgan Stanley Residential Mortgage Loan Trust, Series 2023-1, Class A1, 4.00%, 02/25/2053<sup>(a)(e)</sup> | 267648 | 249670  |
| OBX Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-INV2, Class A3, 2.50%, 10/25/2051<sup>(a)(e)</sup> | 617720 | 515860  |
| &nbsp;&nbsp;&nbsp; Series 2023-INV1, Class A1, 3.00%, 01/25/2052<sup>(a)(e)</sup> | 779585 | 680279  |
| &nbsp;&nbsp;&nbsp; Series 2023-J1, Class A1, 4.50%, 01/25/2053<sup>(a)(e)</sup> | 770917 | 746205  |

---

The accompanying notes are an integral part of these financial statements.

34<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Carillon Reams Core Bond Fund** 

**Schedule of Investments** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| &nbsp;&nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  | &nbsp;&nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  | &nbsp;&nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  |
|  PRMI Securitization Trust, Series 2021-1, Class A3, 2.50%, 04/25/2051<sup>(a)(e)</sup> | $1226259 | $1103247  |
|  Provident Funding Mortgage Trust, Series 2021-INV2, Class 1A4, 2.00%, 11/25/2051<sup>(a)(e)</sup> | 434578 | 378808  |
|  PRPM Trust, Series 2025-NQM6, Class A1, 4.99%, 12/25/2070<sup>(a)(e)</sup> | 515000 | 514907  |
|  PSMC Trust, Series 2021-2, Class A3, 2.50%, 05/25/2051<sup>(a)(e)</sup> | 1064091 | 968693  |
|  RIDE Trust, Series 2025-SHRE, Class A, 5.44%, 02/14/2047<sup>(a)(e)</sup> | 475000 | 488849  |
| Sequoia Mortgage Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-9, Class A1, 2.50%, 01/25/2052<sup>(a)(e)</sup> | 1238575 | 1039725  |
| &nbsp;&nbsp;&nbsp; Series 2025-S2, Class A1, 4.00%, 11/25/2055<sup>(a)(e)</sup> | 994891 | 930831  |
|  SLG Office Trust, Series 2021-OVA, Class A, 2.59%, 07/15/2041<sup>(a)</sup> | 1700000 | 1519805  |
|  Towd Point Mortgage Trust, Series 2015-5, Class M2, 3.50%, 05/25/2055<sup>(a)(e)</sup> | 224981 | 224173  |
|  UWM Mortgage Trust, Series 2021-INV4, Class A10, 5.00%, 12/25/2051<sup>(a)(e)</sup> | 658111 | 648337  |
|  Verus Securitization Trust, Series 2025-12, Class A1, 4.96%, 12/25/2070<sup>(a)(e)</sup> | 1045000 | 1046277  |
| &nbsp;&nbsp;&nbsp; Wells Fargo Commercial Mortgage <br>Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-5C6, Class A3, 5.19%, 10/15/2058 | 390000 | 401077  |
| &nbsp;&nbsp;&nbsp; Series 2025-C64, Class A5, 5.65%, 02/15/2058 | 1625000 | 1715046  |
|  Wells Fargo Mortgage Backed Securities Trust, Series 2021-1, Class A1, 2.50%, 12/25/2050<sup>(a)(e)</sup> | 256465 | 214649  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMERCIAL MORTGAGE- BACKED SECURITIES** <br>**(Cost $82,951,153)** |  | 83512484  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 113.4%** <br>**(Cost $536,608,432)** |  | $536240854  |
|  Liabilities in Excess of Other Assets — (13.4)%  |  | (63404049)  |
| &nbsp;&nbsp;&nbsp; **TOTAL NET** <br>**ASSETS — 100.0%** |  | $472836805 |

---

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

CMT - Constant Maturity Treasury

LIBOR - London Interbank Offered Rate

LLC - Limited Liability Company

LP - Limited Partnership

PLC - Public Limited Company

REIT - Real Estate Investment Trust

REMIC - Real Estate Mortgage Investment Conduit

SOFR - Secured Overnight Financing Rate

<sup>(a)</sup> Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors.

<sup>(b)</sup> Securities referencing LIBOR are expected to transition to an alternative reference rate by the security's next scheduled coupon reset date.

<sup>(c)</sup> Step coupon bond. The rate disclosed is as of December 31, 2025.

<sup>(d)</sup> To-be-announced security.

<sup>(e)</sup> Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of December 31, 2025. 

The accompanying notes are an integral part of these financial statements.

35<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON REAMS CORE PLUS BOND FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **U.S. TREASURY SECURITIES — 30.0%**  | **U.S. TREASURY SECURITIES — 30.0%**  | **U.S. TREASURY SECURITIES — 30.0%**  |
| U.S. Treasury Bonds <br>|  |  |
| &nbsp;&nbsp;&nbsp; 2.38%, 02/15/2042 | $16395000 | $12068257  |
| &nbsp;&nbsp;&nbsp; 4.63%, 11/15/2045 | 163689000 | 159954845  |
| &nbsp;&nbsp;&nbsp; 4.25%, 08/15/2054 | 108756000 | 98330717  |
| &nbsp;&nbsp;&nbsp; 4.75%, 08/15/2055 | 36485000 | 35869316  |
|  U.S. Treasury Inflation Indexed Bonds, 2.38%, 02/15/2055 | 63594148 | 60324951  |
|  U.S. Treasury Inflation Indexed Notes, 1.88%, 07/15/2035 | 49869995 | 49736471  |
| U.S. Treasury Notes <br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.88%, 09/30/2029 | 5130000 | 5174286  |
| &nbsp;&nbsp;&nbsp; 4.38%, 12/31/2029 | 29855000 | 30652688  |
| &nbsp;&nbsp;&nbsp; 3.88%, 08/31/2032 | 63405000 | 63239057  |
| &nbsp;&nbsp;&nbsp; 3.88%, 08/15/2034 | 92107000 | 90689416  |
| &nbsp;&nbsp;&nbsp; 4.25%, 08/15/2035 | 7424000 | 7477360  |
| &nbsp;&nbsp;&nbsp; **TOTAL U.S. TREASURY SECURITIES** <br>**(Cost $624,446,871)** |  | 613517364  |
| **CORPORATE BONDS — 23.5%** | **CORPORATE BONDS — 23.5%** | **CORPORATE BONDS — 23.5%** |
| **Airlines — 1.6%**<br>|  |  |
|  Air Canada, Pass Through Trust, Series 2020-2, Class A, 5.25%, 04/01/2029<sup>(a)</sup> | 1598418 | 1633760  |
|  Alaska Airlines, Pass Through Trust, Series 2020-1, Class A, 4.80%, 08/15/2027<sup>(a)</sup> | 7679172 | 7723493  |
|  American Airlines, Pass Through Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2017-2, Class AA, 3.35%, 10/15/2029 | 1562439 | 1516066  |
| &nbsp;&nbsp;&nbsp; Series 2019-1, Class AA, 3.15%, 02/15/2032 | 1831092 | 1730763  |
|  British Airways, Pass Through Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-1, Class AA, 3.30%, 12/15/2032<sup>(a)</sup> | 1220098 | 1152069  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1, <br>Class A, 2.90%, 03/15/2035<sup>(a)</sup> | 595000 | 543802  |
|  Delta Air Lines, Pass Through Trust, Series 2020-1, Class AA, 2.00%, 06/10/2028 | 7171060 | 6848768  |
| JetBlue, Pass Through Trust  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-1, Class AA, 2.75%, 05/15/2032 | 4007973 | 3595519  |
| &nbsp;&nbsp;&nbsp; Series 2020-1, Class A, 4.00%, 11/15/2032 | 1382635 | 1316251  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| United Airlines, Pass Through Trust  | United Airlines, Pass Through Trust  | United Airlines, Pass Through Trust  |
| &nbsp;&nbsp;&nbsp; Series 2015-1, Class AA, 3.45%, 12/01/2027 | $1908483 | $1880767  |
| &nbsp;&nbsp;&nbsp; Series 2016-2, Class AA, 2.88%, 10/07/2028 | 1222494 | 1178530  |
| &nbsp;&nbsp;&nbsp; Series 2018-1, Class AA, 3.50%, 09/01/2031 | 3444905 | 3327583  |
| &nbsp;&nbsp;&nbsp; Series 2019-1, Class AA, 4.15%, 08/25/2031 | 1046858 | 1027898  |
|  |  | 33475269  |
| **Auto Manufacturers — 2.6%** | **Auto Manufacturers — 2.6%** | **Auto Manufacturers — 2.6%** |
|  American Honda Finance Corp., 5.20%, 03/05/2035 | 5210000 | 5280227  |
|  Ford Motor Credit Co. LLC, 6.95%, 03/06/2026 | 3270000 | 3277373  |
| General Motors Financial Co., Inc.  | General Motors Financial Co., Inc.  |  |
| &nbsp;&nbsp;&nbsp; 1.25%, 01/08/2026 | 9890000 | 9885146  |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/09/2028 | 16680000 | 17234120  |
|  Toyota Motor Credit Corp., 4.80%, 05/15/2030 | 4415000 | 4530078  |
|  Volkswagen Group of America Finance LLC  |  |  |
| &nbsp;&nbsp;&nbsp; 5.30%, 03/22/2027<sup>(a)</sup> | 8180000 | 8280410  |
| &nbsp;&nbsp;&nbsp; 3.75%, 05/13/2030<sup>(a)</sup> | 3980000 | 3851542  |
|  |  | 52338896  |
| **Banks — 6.5%**<br>|  |  |
| Bank of America Corp. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.98% to 01/24/2028 then SOFR + 0.83%, 01/24/2029 | 9645000 | 9825494  |
| &nbsp;&nbsp;&nbsp; 5.51% to 01/24/2035 then SOFR + 1.31%, 01/24/2036 | 14458000 | 15073880  |
| Citigroup, Inc. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.54% to 09/19/2029 then SOFR + 1.34%, 09/19/2030 | 5235000 | 5276629  |
| &nbsp;&nbsp;&nbsp; 4.91% to 05/24/2032 then SOFR + 2.09%, 05/24/2033 | 8860000 | 8966180  |
| &nbsp;&nbsp;&nbsp; 5.45% to 06/11/2034 then SOFR + 1.45%, 06/11/2035 | 2680000 | 2775380  |
| &nbsp;&nbsp;&nbsp; 5.33% to 03/27/2035 then SOFR + 1.47%, 03/27/2036 | 11785000 | 12055464  |
|  HSBC Holdings PLC, 4.95%, 03/31/2030 | 6025000 | 6176402  |
| JPMorgan Chase & Co. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.51% to 10/22/2027 then SOFR + 0.86%, 10/22/2028 | 3295000 | 3327292  |

---

The accompanying notes are an integral part of these financial statements.

36<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON REAMS CORE PLUS BOND FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **CORPORATE BONDS — (Continued)**  | **CORPORATE BONDS — (Continued)**  | **CORPORATE BONDS — (Continued)**  |
| **Banks — (Continued)**  | **Banks — (Continued)**  | **Banks — (Continued)**  |
| &nbsp;&nbsp;&nbsp; 4.91% to 07/25/2032 then SOFR + 2.08%, 07/25/2033 | $9180000 | $9351747  |
| &nbsp;&nbsp;&nbsp; 5.50% to 01/24/2035 then SOFR + 1.32%, 01/24/2036 | 14460000 | 15112415  |
|  Royal Bank of Canada, 4.65% to 10/18/2029 then SOFR + 1.08%, 10/18/2030 | 8245000 | 8359948  |
|  The PNC Financial Services Group, Inc., 6.04% to 10/28/2032 then SOFR + 2.14%, 10/28/2033 | 4560000 | 4925174  |
|  US Bancorp, 5.38% to 01/23/2029 then SOFR + 1.56%, 01/23/2030 | 9625000 | 9968482  |
| Wells Fargo & Co. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.48% to 04/04/2030 then 3 mo. Term SOFR + 4.03%, 04/04/2031 | 11230000 | 11304208  |
| &nbsp;&nbsp;&nbsp; 5.21% to 12/03/2034 then SOFR + 1.38%, 12/03/2035 | 9700000 | 9908851  |
|  |  | 132407546  |
| **Capital Markets — 2.5%**<br>|  |  |
|  Morgan Stanley, 5.59% to 01/18/2035 then SOFR + 1.42%, 01/18/2036 | 14460000 | 15110487  |
|  State Street Corp., 5.15% to 02/28/2035 then SOFR + 1.22%, 02/28/2036 | 5265000 | 5388506  |
|  The Bank of New York Mellon Corp., 4.97% to 04/26/2033 then SOFR + 1.61%, 04/26/2034 | 4850000 | 4944615  |
|  The Goldman Sachs Group, Inc., 5.54% to 01/28/2035 then SOFR + 1.38%, 01/28/2036 | 14460000 | 15007690  |
| UBS Group AG <br>|  |  |
| &nbsp;&nbsp;&nbsp; 1.36% to 01/30/2026 then 1 yr. CMT Rate + 1.08%, 01/30/2027<sup>(a)</sup> | 4805000 | 4794196  |
| &nbsp;&nbsp;&nbsp; 3.13% to 08/13/2029 then 3 mo. LIBOR USD + 1.47%, 08/13/2030<sup>(a)(b)</sup> | 1190000 | 1140169  |
| &nbsp;&nbsp;&nbsp; 5.96% (1 yr. CMT Rate + 2.20%), 01/12/2034<sup>(a)</sup> | 4570000 | 4870250  |
|  |  | 51255913  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **Consumer Finance — 0.3%** | **Consumer Finance — 0.3%** | **Consumer Finance — 0.3%** |
|  American Express Co., 5.04% to 07/26/2027 then SOFR + 0.93%, 07/26/2028 | $6305000 | $6411422  |
| **Containers & Packaging — 0.3%** | **Containers & Packaging — 0.3%** | **Containers & Packaging — 0.3%** |
|  Sonoco Products Co., 3.13%, 05/01/2030 | 5500000 | 5203343  |
|  **Diversified Telecommunication Services — 0.3%** |  |  |
|  Verizon Communications, Inc., 5.25%, 04/02/2035 | 6015000 | 6113573  |
| **Electric — 4.6%**<br>|  |  |
|  Appalachian Power Co., 2.70%, 04/01/2031 | 7965000 | 7287699  |
|  DTE Electric Co., 5.20%, 04/01/2033 | 7735000 | 8038132  |
| Duke Energy Florida LLC <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 11/15/2033 | 2360000 | 2547619  |
| &nbsp;&nbsp;&nbsp; 5.65%, 04/01/2040 | 5936000 | 6168704  |
|  Duke Energy Indiana LLC, 5.25%, 03/01/2034 | 4450000 | 4608724  |
|  Duke Energy Progress LLC, 5.25%, 03/15/2033 | 8245000 | 8573997  |
| Entergy Arkansas LLC <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.30%, 09/15/2033 | 6130000 | 6384054  |
| &nbsp;&nbsp;&nbsp; 5.45%, 06/01/2034 | 5355000 | 5594372  |
| &nbsp;&nbsp;&nbsp; 3.35%, 06/15/2052 | 5820000 | 3945722  |
|  Entergy Louisiana LLC, 5.35%, 03/15/2034 | 5595000 | 5814709  |
|  Indianapolis Power & Light Co., 5.65%, 12/01/2032<sup>(a)</sup> | 6805000 | 7102443  |
|  MidAmerican Energy Co., 5.35%, 01/15/2034 | 3940000 | 4113066  |
|  Monongahela Power Co., 5.85%, 02/15/2034<sup>(a)</sup> | 5420000 | 5727949  |
| &nbsp;&nbsp;&nbsp; Public Service Co. of <br>New Hampshire, 5.35%, 10/01/2033 | 9575000 | 9991632  |
|  San Diego Gas & Electric Co., 5.40%, 04/15/2035 | 6255000 | 6474325  |
|  Wisconsin Public Service Corp., 2.85%, 12/01/2051 | 3910000 | 2466369  |
|  |  | 94839516  |
| **Electric Utilities — 1.9%**<br>|  |  |
|  IPALCO Enterprises, Inc., 4.25%, 05/01/2030 | 8270000 | 8083409  |
| &nbsp;&nbsp;&nbsp; Union Electric Co., <br>5.20%, 04/01/2034 | 6445000 | 6636271  |
|  Virginia Electric and Power Co., 5.15%, 03/15/2035 | 6840000 | 6959438  |
|  Wisconsin Power and Light Co. <br>|  |  |
| &nbsp;&nbsp;&nbsp; 1.95%, 09/16/2031 | 4760000 | 4170424  |

---

The accompanying notes are an integral part of these financial statements.

37<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON REAMS CORE PLUS BOND FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **CORPORATE BONDS — (Continued)**  | **CORPORATE BONDS — (Continued)**  | **CORPORATE BONDS — (Continued)**  |
| **Electric Utilities — (Continued)**  | **Electric Utilities — (Continued)**  | **Electric Utilities — (Continued)**  |
| &nbsp;&nbsp;&nbsp; 3.95%, 09/01/2032 | $7150000 | $6888788  |
| &nbsp;&nbsp;&nbsp; 4.95%, 04/01/2033 | 5725000 | 5797221  |
|  |  | 38535551  |
| **Ground Transportation — 0.3%** | **Ground Transportation — 0.3%** | **Ground Transportation — 0.3%** |
| &nbsp;&nbsp;&nbsp; Union Pacific Corp, <br>5.10%, 02/20/2035 | 5275000 | 5443871  |
| **Hotels, Restaurants & Leisure — 0.3%** | **Hotels, Restaurants & Leisure — 0.3%** | **Hotels, Restaurants & Leisure — 0.3%** |
| &nbsp;&nbsp;&nbsp; McDonald's Corp., <br>4.95%, 03/03/2035 | 5275000 | 5335391  |
| **Insurance — 0.5%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; MetLife, Inc., <br>5.38%, 07/15/2033 | 9025000 | 9512587  |
| **Multi-Utilities — 0.2%**<br>|  |  |
|  Dominion Energy, Inc., 3.38%, 04/01/2030 | 4750000 | 4582978  |
| **Oil & Gas — 0.5%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; BP Capital Markets America, Inc., <br>5.23%, 11/17/2034 | 10915000 | 11260179  |
| **Oil, Gas & Consumable Fuels — 0.4%** | **Oil, Gas & Consumable Fuels — 0.4%** | **Oil, Gas & Consumable Fuels — 0.4%** |
| &nbsp;&nbsp;&nbsp; TransCanada PipeLines Ltd., <br>4.10%, 04/15/2030 | 7980000 | 7888628  |
| **Tobacco — 0.3%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Altria Group, Inc., <br>2.45%, 02/04/2032 | 6060000 | 5358747  |
| **Transportation — 0.4%**<br>|  |  |
|  Canadian Pacific Railway Co., 5.20%, 03/30/2035 | 8555000 | 8805411  |
| &nbsp;&nbsp;&nbsp; **TOTAL CORPORATE BONDS** <br>**(Cost $473,062,055)** |  | 478768821  |
| **ASSET-BACKED SECURITIES — 23.0%** | **ASSET-BACKED SECURITIES — 23.0%** | **ASSET-BACKED SECURITIES — 23.0%** |
| AMSR Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-SFR3, Class A, 1.48%, 10/17/2038<sup>(a)</sup> | 3635000 | 3555022  |
| &nbsp;&nbsp;&nbsp; Series 2022-SFR3, Class A, 4.00%, 10/17/2039<sup>(a)</sup> | 2385000 | 2373847  |
| &nbsp;&nbsp;&nbsp; Series 2023-SFR1, Class A, 4.00%, 04/17/2040<sup>(a)</sup> | 3155000 | 3132071  |
| &nbsp;&nbsp;&nbsp; Series 2023-SFR2, Class A, 3.95%, 06/17/2040<sup>(a)</sup> | 945000 | 936191  |
| &nbsp;&nbsp;&nbsp; Series 2024-SFR1, Class A, 4.29%, 07/17/2041<sup>(a)(c)</sup> | 2080000 | 2068704  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| &nbsp;&nbsp;&nbsp; Series 2024-SFR2, Class A, 4.15%, 11/17/2041<sup>(a)</sup> | $1620000 | $1598782  |
| &nbsp;&nbsp;&nbsp; Series 2025-SFR1, Class A, 3.66%, 06/17/2042<sup>(a)</sup> | 3730000 | 3599332  |
| &nbsp;&nbsp;&nbsp; Series 2025-SFR2, Class A, 4.28%, 11/17/2042<sup>(a)</sup> | 2380000 | 2344993  |
|  Avis Budget Rental Car Funding AESOP LLC <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A, 1.38%, 08/20/2027<sup>(a)</sup> | 16680000 | 16483501  |
| &nbsp;&nbsp;&nbsp; Series 2022-3A, Class A, 4.62%, 02/20/2027<sup>(a)</sup> | 1843333 | 1844042  |
| &nbsp;&nbsp;&nbsp; Series 2023-4A, Class A, 5.49%, 06/20/2029<sup>(a)</sup> | 2705000 | 2773278  |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A, 5.36%, 06/20/2030<sup>(a)</sup> | 1960000 | 2020914  |
| &nbsp;&nbsp;&nbsp; Series 2024-3A, Class A, 5.23%, 12/20/2030<sup>(a)</sup> | 2135000 | 2201194  |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A, 4.80%, 08/20/2029<sup>(a)</sup> | 5545000 | 5631821  |
| &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A, 5.12%, 08/20/2031<sup>(a)</sup> | 12180000 | 12479778  |
| &nbsp;&nbsp;&nbsp; Series 2025-4A, Class A, 4.40%, 02/20/2032<sup>(a)</sup> | 19365000 | 19255832  |
| BMW Vehicle Owner Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-A, Class A3, 5.47%, 02/25/2028 | 1269046 | 1276701  |
| &nbsp;&nbsp;&nbsp; Series 2025-A, Class A2B, 4.17% (30 day avg SOFR US + 0.30%), 10/25/2027 | 7555817 | 7555802  |
| &nbsp;&nbsp;&nbsp; Bridge Trust, <br>Series 2025-SFR1, Class A, 4.05%, 09/17/2042<sup>(a)</sup> | 9140334 | 8808181  |
|  Capital One Prime Auto Receivables Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-1, Class A3, 4.87%, 02/15/2028 | 4958773 | 4977096  |
| &nbsp;&nbsp;&nbsp; Series 2024-1, Class A2A, 4.61%, 10/15/2027 | 1014927 | 1016260  |

---

The accompanying notes are an integral part of these financial statements.

38<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON REAMS CORE PLUS BOND FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **ASSET-BACKED SECURITIES — (Continued)**  | **ASSET-BACKED SECURITIES — (Continued)**  | **ASSET-BACKED SECURITIES — (Continued)**  |
| &nbsp;&nbsp;&nbsp; Series 2024-1, Class A2B, 4.30% (30 day avg SOFR US + 0.32%), 10/15/2027 | $924785 | $924794  |
|  CarMax Auto Owner Trust, Series 2025-3, Class A2A, 4.42%, 08/15/2028 | 6395000 | 6410706  |
|  Discover Card Execution Note Trust, Series 2023-A2, Class A, 4.93%, 06/15/2028 | 5115000 | 5140852  |
| FirstKey Homes Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-SFR1, Class A, 1.54%, 08/17/2038<sup>(a)</sup> | 9432664 | 9274781  |
| &nbsp;&nbsp;&nbsp; Series 2021-SFR2, Class A, 1.38%, 09/17/2038<sup>(a)</sup> | 1163589 | 1140501  |
| &nbsp;&nbsp;&nbsp; Series 2022-SFR3, Class A, 4.25%, 07/17/2038<sup>(a)</sup> | 1276727 | 1274393  |
| Ford Credit Auto Owner Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-B, Class A2A, 5.40%, 04/15/2027 | 561825 | 562590  |
| &nbsp;&nbsp;&nbsp; Series 2024-B, Class A2B, 4.38% (30 day avg SOFR US + 0.40%), 04/15/2027 | 920295 | 920563  |
| &nbsp;&nbsp;&nbsp; Series 2024-C, Class A2B, 4.38% (30 day avg SOFR US + 0.40%), 08/15/2027 | 1671719 | 1672105  |
| &nbsp;&nbsp;&nbsp; Series 2024-D, Class A2A, 4.59%, 10/15/2027 | 1329972 | 1332698  |
| &nbsp;&nbsp;&nbsp; Series 2024-D, Class A2B, 4.30% (30 day avg SOFR US + 0.32%), 10/15/2027 | 1536210 | 1536663  |
|  FRTKL, Series 2021-SFR1, Class A, 1.57%, 09/17/2038<sup>(a)</sup> | 2005000 | 1964163  |
|  GM Financial Consumer Automobile Receivables Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-3, Class A2A, 5.35%, 06/16/2027 | 221608 | 221757  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| &nbsp;&nbsp;&nbsp; Series 2024-3, Class A2B, 4.33% (30 day avg SOFR US + 0.36%), 06/16/2027 | $221608 | $221624  |
| &nbsp;&nbsp;&nbsp; Series 2025-1, Class A2B, 4.30% (30 day avg SOFR US + 0.33%), 01/18/2028 | 6455528 | 6455891  |
| &nbsp;&nbsp;&nbsp; Series 2025-2, Class A2A, 4.40%, 02/16/2028 | 2181295 | 2185779  |
| &nbsp;&nbsp;&nbsp; Series 2025-3, Class A2A, 4.32%, 06/16/2028 | 12095000 | 12125506  |
| Hertz Vehicle Financing III LLC <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A, 4.91%, 09/25/2029<sup>(a)</sup> | 11545000 | 11678356  |
| &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A, 5.13%, 09/25/2031<sup>(a)</sup> | 7910000 | 8034416  |
| &nbsp;&nbsp;&nbsp; Series 2025-3A, Class A, 5.06%, 12/26/2029<sup>(a)</sup> | 13205000 | 13368886  |
| &nbsp;&nbsp;&nbsp; Series 2025-4A, Class A, 5.41%, 12/25/2031<sup>(a)</sup> | 8700000 | 8933536  |
| &nbsp;&nbsp;&nbsp; Series 2025-5A, Class A, 4.62%, 05/25/2030<sup>(a)</sup> | 4380000 | 4380581  |
|  Hertz Vehicle Financing III LP, Series 2021-2A, Class A, 1.68%, 12/27/2027<sup>(a)</sup> | 15255000 | 14965884  |
| Home Partners of America Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-2, <br>Class A, 1.90%, 12/17/2026<sup>(a)</sup> | 3255874 | 3187528  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-3, <br>Class A, 2.20%, 01/17/2041<sup>(a)</sup> | 2387213 | 2248929  |
|  Honda Auto Receivables Owner Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1, Class A3, 5.21%, 08/15/2028 | 2634588 | 2657488  |
| &nbsp;&nbsp;&nbsp; Series 2025-2, Class A2A, 4.30%, 01/18/2028 | 3932024 | 3939618  |
| &nbsp;&nbsp;&nbsp; Series 2025-3, Class A2A, 4.19%, 03/21/2028 | 12060000 | 12092133  |
| &nbsp;&nbsp;&nbsp; Series 2025-3, Class A2B, 4.27% (30 day avg SOFR US + 0.35%), 03/21/2028 | 8535000 | 8534238  |

---

The accompanying notes are an integral part of these financial statements.

39<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON REAMS CORE PLUS BOND FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **ASSET-BACKED SECURITIES — (Continued)**  | **ASSET-BACKED SECURITIES — (Continued)**  | **ASSET-BACKED SECURITIES — (Continued)**  |
| Hyundai Auto Receivables Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-B, Class A2A, 5.15%, 06/15/2027 | $946442 | $947910  |
| &nbsp;&nbsp;&nbsp; Series 2024-B, Class A2B, 4.35% (30 day avg SOFR US + 0.37%), 06/15/2027 | 825445 | 825444  |
| &nbsp;&nbsp;&nbsp; Series 2025-A, Class A2A, 4.33%, 12/15/2027 | 5639141 | 5645172  |
| &nbsp;&nbsp;&nbsp; Series 2025-A, Class A2B, 4.32% (30 day avg SOFR US + 0.34%), 12/15/2027 | 6850258 | 6852427  |
| &nbsp;&nbsp;&nbsp; Series 2025-B, Class A2A, 4.45%, 08/15/2028 | 8060000 | 8085442  |
| &nbsp;&nbsp;&nbsp; Series 2025-C, Class A2A, 3.97%, 07/17/2028 | 20995000 | 21017616  |
|  Invitation Homes Trust, Series 2024-SFR1, Class A, 4.00%, 09/17/2041<sup>(a)</sup> | 6109534 | 6016181  |
|  Mercedes-Benz Auto Lease Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-A, Class A2B, 4.40% (30 day avg SOFR US + 0.42%), 02/16/2027 | 576206 | 576298  |
| &nbsp;&nbsp;&nbsp; Series 2024-B, Class A2B, 4.42% (30 day avg SOFR US + 0.44%), 12/15/2026 | 252865 | 252892  |
|  Mercedes-Benz Auto Receivables Trust, Series 2025-1, Class A2B, 4.30% (30 day avg SOFR US + 0.32%), 02/15/2028 | 6782512 | 6782772  |
|  Nissan Auto Receivables Owner Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-B, Class A2B, 4.36% (30 day avg SOFR US + 0.38%), 06/15/2027 | 2689264 | 2690141  |
| &nbsp;&nbsp;&nbsp; Series 2025-A, Class A2A, 4.50%, 02/15/2028 | 15825000 | 15876002  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
|  Porsche Financial Auto Securitization Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A2A, 4.45%, 01/24/2028<sup>(a)</sup> | $372961 | $373106  |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A2B, 4.20% (30 day avg SOFR US + 0.28%), 01/24/2028<sup>(a)</sup> | 313747 | 313741  |
| Progress Residential Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-SFR3, Class A, 1.64%, 05/17/2026<sup>(a)</sup> | 4770963 | 4740795  |
| &nbsp;&nbsp;&nbsp; Series 2021-SFR5, Class A, 1.43%, 07/17/2038<sup>(a)</sup> | 2619274 | 2584947  |
| &nbsp;&nbsp;&nbsp; Series 2021-SFR7, Class A, 1.69%, 08/17/2040<sup>(a)</sup> | 2474781 | 2326629  |
| &nbsp;&nbsp;&nbsp; Series 2021-SFR8, Class A, 1.51%, 10/17/2038<sup>(a)</sup> | 2741117 | 2698665  |
| &nbsp;&nbsp;&nbsp; Series 2021-SFR9, Class A, 2.01%, 11/17/2040<sup>(a)</sup> | 1517873 | 1428586  |
| &nbsp;&nbsp;&nbsp; Series 2022-SFR2, Class A, 2.95%, 04/17/2027<sup>(a)</sup> | 9162908 | 9013531  |
| &nbsp;&nbsp;&nbsp; Series 2022-SFR4, Class A, 4.44%, 05/17/2041<sup>(a)</sup> | 962773 | 960802  |
| &nbsp;&nbsp;&nbsp; Series 2024-SFR4, Class A, 3.10%, 07/17/2041<sup>(a)</sup> | 12831087 | 12275006  |
| &nbsp;&nbsp;&nbsp; Series 2024-SFR5, Class A, 3.00%, 08/09/2029<sup>(a)</sup> | 1203250 | 1146635  |
| &nbsp;&nbsp;&nbsp; Series 2025-SFR1, Class A, 3.40%, 02/17/2042<sup>(a)</sup> | 3132449 | 3005428  |
| &nbsp;&nbsp;&nbsp; Series 2025-SFR3, Class A, 3.39%, 07/17/2042<sup>(a)</sup> | 4135000 | 3940715  |
| &nbsp;&nbsp;&nbsp; Series 2025-SFR4, Class A, 4.30%, 08/17/2042<sup>(a)</sup> | 5840000 | 5772254  |
| &nbsp;&nbsp;&nbsp; Series 2025-SFR5, Class A, 3.85%, 10/17/2042<sup>(a)</sup> | 8750000 | 8474935  |
| &nbsp;&nbsp;&nbsp; Series 2025-SFR6, Class A, 4.00%, 12/17/2042<sup>(a)</sup> | 12645000 | 12268689  |

---

The accompanying notes are an integral part of these financial statements.

40<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON REAMS CORE PLUS BOND FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **ASSET-BACKED SECURITIES — (Continued)**  | **ASSET-BACKED SECURITIES — (Continued)**  | **ASSET-BACKED SECURITIES — (Continued)**  |
| STAR Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-SFR3, Class A, 5.40% (1 mo. Term SOFR + 1.65%), 05/17/2039<sup>(a)</sup> | $9573601 | $9589591  |
| &nbsp;&nbsp;&nbsp; Series 2025-SFR5, Class A, 5.20% (1 mo. Term SOFR + 1.45%), 02/17/2042<sup>(a)</sup> | 3914833 | 3919715  |
|  Toyota Auto Receivables Owner Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-C, Class A2A, 5.16%, 05/17/2027 | 726197 | 727093  |
| &nbsp;&nbsp;&nbsp; Series 2024-C, Class A2B, 4.35% (30 day avg SOFR US + 0.37%), 05/17/2027 | 726197 | 726325  |
| &nbsp;&nbsp;&nbsp; Series 2025-B, Class A2A, 4.46%, 03/15/2028 | 3317101 | 3324942  |
| &nbsp;&nbsp;&nbsp; Series 2025-C, Class A2A, 4.29%, 06/15/2028 | 10160000 | 10188895  |
| &nbsp;&nbsp;&nbsp; Series 2025-C, Class A2B, 4.28% (30 day avg SOFR US + 0.30%), 06/15/2028 | 10545000 | 10548969  |
|  Tricon American Homes Trust, Series 2020-SFR1, Class A, 1.50%, 07/17/2038<sup>(a)</sup> | 2164775 | 2131920  |
| Tricon Residential Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-SFR1, Class A, 1.94%, 07/17/2038<sup>(a)</sup> | 3531974 | 3487890  |
| &nbsp;&nbsp;&nbsp; Series 2023-SFR1, Class A, 5.10%, 07/17/2040<sup>(a)</sup> | 2205833 | 2212550  |
| &nbsp;&nbsp;&nbsp; Series 2025-SFR2, Class A, 5.20%, 08/17/2044<sup>(a)</sup> | 3021032 | 3046849  |
|  USB Auto Owner Trust, Series 2025-1A, Class A2, 4.51%, 06/15/2028<sup>(a)</sup> | 3117736 | 3124155  |
|  Verizon Master Trust, Series 2024-4, Class A1A, 5.21%, 06/20/2029 | 6605000 | 6643983  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
|  World Omni Auto Receivables Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-B, Class A2A, 4.38%, 08/15/2028 | $3490507 | $3496874  |
| &nbsp;&nbsp;&nbsp; Series 2025-C, Class A2A, 4.19%, 10/16/2028 | 6940000 | 6953266  |
| &nbsp;&nbsp;&nbsp; **TOTAL ASSET-BACKED SECURITIES** <br>**(Cost $467,114,588)** |  | 470336079  |
| **AGENCY MORTGAGE-BACKED SECURITIES — 17.8%** | **AGENCY MORTGAGE-BACKED SECURITIES — 17.8%** | **AGENCY MORTGAGE-BACKED SECURITIES — 17.8%** |
|  Fannie Mae REMIC, Series 2025-103, Class DF, 4.97% (30 day avg SOFR US + 1.10%), 11/25/2055 | 7212520 | 7230653  |
|  Federal Home Loan Mortgage Corp. <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 5468, Class WF, 4.97% (30 day avg SOFR US + 1.10%), 11/25/2054 | 3206007 | 3212756  |
| &nbsp;&nbsp;&nbsp; Series 5530, Class FA, 5.02% (30 day avg SOFR US + 1.15%), 04/25/2055 | 10215149 | 10245016  |
| Fannie Mae Pool <br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/2056<sup>(d)</sup> | 38230000 | 39251791  |
| &nbsp;&nbsp;&nbsp; 4.00%, 02/15/2056<sup>(d)</sup> | 53645000 | 50848898  |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/15/2056<sup>(d)</sup> | 49880000 | 48651003  |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/15/2056<sup>(d)</sup> | 59455000 | 59234366  |
| &nbsp;&nbsp;&nbsp; 5.50%, 02/15/2056<sup>(d)</sup> | 142990000 | 144855318  |
| &nbsp;&nbsp;&nbsp; **TOTAL AGENCY MORTGAGE- BACKED SECURITIES** <br>**(Cost $363,192,883)** |  | 363529801  |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES — 14.8%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES — 14.8%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES — 14.8%** |
| Angel Oak Mortgage Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-11, Class A1, 4.98%, 10/25/2070<sup>(a)(e)</sup> | 1545927 | 1548054  |
| &nbsp;&nbsp;&nbsp; Series 2025-12, Class A1, 5.04%, 12/25/2070<sup>(a)(e)</sup> | 2032899 | 2037861  |
| &nbsp;&nbsp;&nbsp; Series 2025-13, Class A1, 4.93%, 10/25/2070<sup>(a)(c)</sup> | 2765000 | 2768453  |
| BANK <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-BNK47, Class A5, 5.72%, 06/15/2057 | 3535000 | 3750002  |
| &nbsp;&nbsp;&nbsp; Series 2024-BNK48, Class A5, 5.05%, 10/15/2057 | 1569000 | 1595219  |

---

The accompanying notes are an integral part of these financial statements.

41<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON REAMS CORE PLUS BOND FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| &nbsp;&nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  | &nbsp;&nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  | &nbsp;&nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  |
| &nbsp;&nbsp;&nbsp; Series 2025-BNK49, Class A5, 5.62%, 03/15/2058<sup>(e)</sup> | $4195000 | $4429762  |
| BBCMS Mortgage Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-5C37, Class A3, 5.02%, 09/15/2058 | 4430000 | 4531741  |
| &nbsp;&nbsp;&nbsp; Series 2025-C32, Class A5, 5.72%, 02/15/2062 | 1415000 | 1505194  |
| &nbsp;&nbsp;&nbsp; Series 2025-C39, Class A5, 5.30%, 12/15/2058 | 1245000 | 1285390  |
| Benchmark Mortgage Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2018-B5, Class A2, 4.08%, 07/15/2051 | 1115631 | 1109005  |
| &nbsp;&nbsp;&nbsp; Series 2021-B23, Class A2, 1.62%, 02/15/2054 | 4406872 | 4050383  |
| &nbsp;&nbsp;&nbsp; Series 2021-B24, Class A2, 1.95%, 03/15/2054 | 3638000 | 3382492  |
| &nbsp;&nbsp;&nbsp; Series 2022-B33, Class A2, 3.32%, 03/15/2055 | 8420000 | 8246494  |
| &nbsp;&nbsp;&nbsp; Series 2025-V17, Class A3, 5.07%, 09/15/2058 | 4435000 | 4544064  |
| &nbsp;&nbsp;&nbsp; Series 2025-V18, Class A3, 5.18%, 10/15/2058 | 3720000 | 3830869  |
| BMO Mortgage Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-C9, Class A5, 5.76%, 07/15/2057 | 3764000 | 3991864  |
| &nbsp;&nbsp;&nbsp; Series 2025-5C12, Class A3, 5.18%, 10/15/2058 | 2425000 | 2489400  |
| &nbsp;&nbsp;&nbsp; Series 2025-C11, Class A5, 5.69%, 02/15/2058 | 3635000 | 3836442  |
| &nbsp;&nbsp;&nbsp; Series 2025-C12, Class A5, 5.87%, 06/15/2058<sup>(e)</sup> | 3090000 | 3307360  |
|  Citigroup Mortgage Loan Trust, Inc. <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-INV1, Class A3A, 2.50%, 05/25/2051<sup>(a)(e)</sup> | 8435575 | 7060180  |
| &nbsp;&nbsp;&nbsp; Series 2021-J3, Class A3A, 2.50%, 09/25/2051<sup>(a)(e)</sup> | 4059145 | 3392240  |
| &nbsp;&nbsp;&nbsp; COLT Mortgage Loan Trust, <br>Series 2025-12, Class A1, 4.98%, 01/26/2071<sup>(a)(e)</sup> | 4760000 | 4765846  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
|  DBJPM Mortgage Trust, Series 2020-C9, Class A2, 1.90%, 08/15/2053 | $277424 | $276937  |
| Flagstar Mortgage Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-12, Class A2, 2.50%, 11/25/2051<sup>(a)(e)</sup> | 8986428 | 7498751  |
| &nbsp;&nbsp;&nbsp; Series 2021-3INV, Class A18, 5.00%, 06/25/2051<sup>(a)(e)</sup> | 2013756 | 1983837  |
| &nbsp;&nbsp;&nbsp; Series 2021-3INV, Class A2, 2.50%, 06/25/2051<sup>(a)(e)</sup> | 6263842 | 5242541  |
| &nbsp;&nbsp;&nbsp; Series 2021-4, Class A1, 2.50%, 06/01/2051<sup>(a)(e)</sup> | 11404773 | 9552102  |
| &nbsp;&nbsp;&nbsp; Series 2021-6INV, Class A4, 2.50%, 08/25/2051<sup>(a)(e)</sup> | 2003052 | 1673957  |
| &nbsp;&nbsp;&nbsp; Series 2021-7, Class A1, 2.50%, 08/25/2051<sup>(a)(e)</sup> | 11117473 | 9311473  |
|  GS Mortgage-Backed Securities Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-INV1, Class A14, 2.91%, 10/25/2050<sup>(a)(e)</sup> | 2470181 | 2154284  |
| &nbsp;&nbsp;&nbsp; Series 2021-INV1, Class A2, 2.50%, 12/25/2051<sup>(a)(e)</sup> | 1419947 | 1186654  |
| &nbsp;&nbsp;&nbsp; Series 2021-MM1, Class A2, 2.50%, 04/25/2052<sup>(a)(e)</sup> | 8214941 | 6875519  |
| &nbsp;&nbsp;&nbsp; Series 2021-PJ2, Class A2, 2.50%, 07/25/2051<sup>(a)(e)</sup> | 2440838 | 2042867  |
| &nbsp;&nbsp;&nbsp; Series 2022-LTV2, Class A21, 4.00%, 12/25/2052<sup>(a)(e)</sup> | 5941817 | 5646157  |
| &nbsp;&nbsp;&nbsp; Series 2022-PJ5, Class A4, 2.50%, 10/25/2052<sup>(a)(e)</sup> | 2384238 | 2000025  |
| &nbsp;&nbsp;&nbsp; Series 2022-PJ6, Class A4, 3.00%, 01/25/2053<sup>(a)(e)</sup> | 2683882 | 2348577  |
| JP Morgan Mortgage Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2017-2, Class A7, 3.50%, 05/25/2047<sup>(a)(e)</sup> | 2074652 | 1889432  |
| &nbsp;&nbsp;&nbsp; Series 2020-9, Class A4, 2.50%, 05/25/2051<sup>(a)(e)</sup> | 3092239 | 2887299  |
| &nbsp;&nbsp;&nbsp; Series 2021-1, Class A3, 2.50%, 06/25/2051<sup>(a)(e)</sup> | 4720668 | 3950977  |
| &nbsp;&nbsp;&nbsp; Series 2021-10, Class A3A, 2.00%, 12/25/2051<sup>(a)(e)</sup> | 10936026 | 8774521  |

---

The accompanying notes are an integral part of these financial statements.

42<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON REAMS CORE PLUS BOND FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| &nbsp;&nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  | &nbsp;&nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  | &nbsp;&nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  |
| &nbsp;&nbsp;&nbsp; Series 2021-12, Class A3, 2.50%, 02/25/2052<sup>(a)(e)</sup> | $788326 | $659792  |
| &nbsp;&nbsp;&nbsp; Series 2021-13, Class A3A, 2.00%, 04/25/2052<sup>(a)(e)</sup> | 3685059 | 2948047  |
| &nbsp;&nbsp;&nbsp; Series 2021-14, Class A12, 5.00%, 05/25/2052<sup>(a)(e)</sup> | 3134041 | 3039298  |
| &nbsp;&nbsp;&nbsp; Series 2021-14, Class A3A, 2.00%, 05/25/2052<sup>(a)(e)</sup> | 2853108 | 2280632  |
| &nbsp;&nbsp;&nbsp; Series 2021-15, Class A2, 3.00%, 06/25/2052<sup>(a)(e)</sup> | 8509797 | 7457705  |
| &nbsp;&nbsp;&nbsp; Series 2021-15, Class A3, 2.50%, 06/25/2052<sup>(a)(e)</sup> | 2841578 | 2379972  |
| &nbsp;&nbsp;&nbsp; Series 2021-3, Class A3, 2.50%, 07/25/2051<sup>(a)(e)</sup> | 6276192 | 5268568  |
| &nbsp;&nbsp;&nbsp; Series 2021-4, Class A3, 2.50%, 08/25/2051<sup>(a)(e)</sup> | 3080288 | 2582523  |
| &nbsp;&nbsp;&nbsp; Series 2021-7, Class A3, 2.50%, 11/25/2051<sup>(a)(e)</sup> | 1870049 | 1567387  |
| &nbsp;&nbsp;&nbsp; Series 2021-8, Class A3, 2.50%, 12/25/2051<sup>(a)(e)</sup> | 9782533 | 8174803  |
| &nbsp;&nbsp;&nbsp; Series 2021-INV4, Class A2A, 2.50%, 01/25/2052<sup>(a)(e)</sup> | 2923828 | 2438700  |
| &nbsp;&nbsp;&nbsp; Series 2021-INV8, Class A2, 3.00%, 05/25/2052<sup>(a)(e)</sup> | 7122161 | 6241627  |
| &nbsp;&nbsp;&nbsp; Series 2022-1, Class A2, 3.00%, 07/25/2052<sup>(a)(e)</sup> | 4024355 | 3526812  |
| &nbsp;&nbsp;&nbsp; Series 2022-4, Class A2A, 3.00%, 10/25/2052<sup>(a)(e)</sup> | 1848911 | 1613391  |
| &nbsp;&nbsp;&nbsp; Series 2022-6, Class A3, 3.00%, 11/25/2052<sup>(a)(e)</sup> | 928410 | 808940  |
| &nbsp;&nbsp;&nbsp; Series 2022-7, Class 1A2, 3.00%, 12/25/2052<sup>(a)(e)</sup> | 2683412 | 2349306  |
| &nbsp;&nbsp;&nbsp; Series 2024-3, Class A3, 3.00%, 05/25/2054<sup>(a)(e)</sup> | 6775738 | 5938033  |
| &nbsp;&nbsp;&nbsp; Series 2024-7, Class A3, 3.00%, 04/25/2053<sup>(a)(e)</sup> | 4607379 | 4020477  |
| &nbsp;&nbsp;&nbsp; Series 2025-12MPR, Class A1D, 5.06%, 06/25/2056<sup>(a)(c)</sup> | 9600000 | 9570573  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| &nbsp;&nbsp;&nbsp; Series 2025-5MPR, Class A1D, 5.50%, 11/25/2055<sup>(a)(c)</sup> | $7621718 | $7650374  |
| &nbsp;&nbsp;&nbsp; Series 2025-7MPR, Class A1D, 5.32%, 02/25/2056<sup>(a)(c)</sup> | 6575758 | 6581621  |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM5, Class A1, 4.88%, 05/25/2065<sup>(a)(e)</sup> | 1460000 | 1459727  |
|  Mello Mortgage Capital Acceptance, Series 2021-MTG1, Class A1, 2.50%, 04/25/2051<sup>(a)(e)</sup> | 4453854 | 3722099  |
|  Morgan Stanley Residential Mortgage Loan Trust, Series 2023-1, Class A1, 4.00%, 02/25/2053<sup>(a)(e)</sup> | 624511 | 582564  |
| OBX Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-INV2, Class A3, 2.50%, 10/25/2051<sup>(a)(e)</sup> | 2264975 | 1891487  |
| &nbsp;&nbsp;&nbsp; Series 2022-J2, Class A2, 3.00%, 08/25/2052<sup>(a)(e)</sup> | 6187962 | 5430661  |
| &nbsp;&nbsp;&nbsp; Series 2023-INV1, Class A1, 3.00%, 01/25/2052<sup>(a)(e)</sup> | 5734279 | 5003829  |
| &nbsp;&nbsp;&nbsp; Series 2023-J1, Class A1, 4.50%, 01/25/2053<sup>(a)(e)</sup> | 2675310 | 2589553  |
|  PRMI Securitization Trust, Series 2021-1, Class A3, 2.50%, 04/25/2051<sup>(a)(e)</sup> | 3818731 | 3435656  |
|  Provident Funding Mortgage Trust, Series 2021-INV2, Class 1A4, 2.00%, 11/25/2051<sup>(a)(e)</sup> | 1601077 | 1395609  |
| &nbsp;&nbsp;&nbsp; PRPM Trust, <br>Series 2025-NQM6, Class A1, 4.99%, 12/25/2070<sup>(a)(e)</sup> | 2215000 | 2214599  |
| &nbsp;&nbsp;&nbsp; PSMC Trust, <br>Series 2021-2, Class A3, 2.50%, 05/25/2051<sup>(a)(e)</sup> | 3310818 | 3013996  |
| &nbsp;&nbsp;&nbsp; RIDE Trust, <br>Series 2025-SHRE, Class A, 5.44%, 02/14/2047<sup>(a)(e)</sup> | 2900000 | 2984554  |
| Sequoia Mortgage Trust <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-4, Class A1, 2.50%, 06/25/2051<sup>(a)(e)</sup> | 5351637 | 4472379  |

---

The accompanying notes are an integral part of these financial statements.

43<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON REAMS CORE PLUS BOND FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
| &nbsp;&nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  | &nbsp;&nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  | &nbsp;&nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  | &nbsp;&nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  |
| &nbsp;&nbsp;&nbsp; Series 2021-9, Class A1, 2.50%, 01/25/2052<sup>(a)(e)</sup> |  | $3873430 | $3251563  |
| &nbsp;&nbsp;&nbsp; Series 2025-S2, Class A1, 4.00%, 11/25/2055<sup>(a)(e)</sup> |  | 4123824 | 3858295  |
|  SLG Office Trust, Series 2021-OVA, Class A, 2.59%, 07/15/2041<sup>(a)</sup> |  | 6775000 | 6056872  |
|  Towd Point Mortgage Trust, Series 2015-5, Class M2, 3.50%, 05/25/2055<sup>(a)(e)</sup> |  | 820905 | 817956  |
|  UWM Mortgage Trust, Series 2021-INV4, Class A10, 5.00%, 12/25/2051<sup>(a)(e)</sup> |  | 2058783 | 2028208  |
|  Verus Securitization Trust, Series 2025-12, Class A1, 4.96%, 12/25/2070<sup>(a)(e)</sup> |  | 4510000 | 4515513  |
|  Wells Fargo Commercial Mortgage Trust <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-5C6, Class A3, 5.19%, 10/15/2058 |  | 1630000 | 1676298  |
| &nbsp;&nbsp;&nbsp; Series 2025-C64, Class A5, 5.65%, 02/15/2058 |  | 1865000 | 1968344  |
|  Wells Fargo Mortgage Backed Securities Trust, Series 2021-1, Class A1, 2.50%, 12/25/2050<sup>(a)(e)</sup> |  | 957685 | 801537  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMERCIAL MORTGAGE- BACKED SECURITIES** <br>**(Cost $301,049,136)** |  |  | 303024105  |
| **FOREIGN GOVERNMENT DEBT OBLIGATIONS — 1.7%** | **FOREIGN GOVERNMENT DEBT OBLIGATIONS — 1.7%** | **FOREIGN GOVERNMENT DEBT OBLIGATIONS — 1.7%** | **FOREIGN GOVERNMENT DEBT OBLIGATIONS — 1.7%** |
|  Secretaria Tesouro Nacional, 10.00%, 01/01/2031 | BRL | 216843000 | 34860455  |
| &nbsp;&nbsp;&nbsp; **TOTAL FOREIGN GOVERNMENT** <br>**DEBT OBLIGATIONS** <br>**(Cost $33,363,147)** |  |  | 34860455  |
| **MEDIUM-TERM NOTES — 0.9%** | **MEDIUM-TERM NOTES — 0.9%** | **MEDIUM-TERM NOTES — 0.9%** | **MEDIUM-TERM NOTES — 0.9%** |
|  BNP Paribas Issuance BV, 03/18/2026<sup>(a)(f)</sup> |  | 1077000 | 1059337  |
|  BofA Finance LLC, 01/29/2026<sup>(g)</sup> |  | 1208000 | 1430634  |

---

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
|  Citigroup Global Markets Holdings, Inc. <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 01/12/2026<sup>(h)</sup> |  | $1198000 | $1503826  |
| &nbsp;&nbsp;&nbsp; 01/12/2026<sup>(i)</sup> | EUR | 995000 | 894041  |
| &nbsp;&nbsp;&nbsp; 03/04/2026<sup>(j)</sup> | EUR | 1119000 | 1155979  |
| &nbsp;&nbsp;&nbsp; 03/04/2026<sup>(k)</sup> | GBP | 989000 | 1380857  |
| &nbsp;&nbsp;&nbsp; 03/18/2026<sup>(k)</sup> | GBP | 840000 | 1138637  |
| &nbsp;&nbsp;&nbsp; 04/01/2026<sup>(l)</sup> |  | 1070000 | 1045080  |
|  GS Finance Corp., 01/06/2026<sup>(m)</sup> |  | 1173000 | 1483845  |
| Morgan Stanley Finance LLC <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 01/29/2026<sup>(a)(n)</sup> | EUR | 1161000 | 968728  |
| &nbsp;&nbsp;&nbsp; 02/11/2026<sup>(a)(o)</sup> | GBP | 934000 | 1399042  |
| &nbsp;&nbsp;&nbsp; 02/11/2026<sup>(a)(n)</sup> | EUR | 1036000 | 864429  |
| &nbsp;&nbsp;&nbsp; 04/01/2026<sup>(a)(o)</sup> | GBP | 834000 | 1098892  |
|  Nomura International Funding Pte Ltd., 02/24/2026<sup>(a)(p)</sup> |  | 1742000 | 1932662  |
| &nbsp;&nbsp;&nbsp; **TOTAL MEDIUM-TERM NOTES** <br>**(Cost $17,278,197)** |  |  | 17355989  |
| **SHORT-TERM INVESTMENTS — 2.0%** | **SHORT-TERM INVESTMENTS — 2.0%** | **SHORT-TERM INVESTMENTS — 2.0%** | **SHORT-TERM INVESTMENTS — 2.0%** |
|  **U.S. Treasury Bills — 2.0% 3.78%, 02/10/2026<sup>(q)</sup>** |  | 40335000 | 40180376  |
| &nbsp;&nbsp;&nbsp; **TOTAL SHORT-TERM INVESTMENTS** <br>**(Cost $40,167,363)** |  |  | 40180376  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 113.7%**<br>**(Cost $2,319,674,240)** |  |  | $2321572990  |
|  Liabilities in Excess of Other Assets — (13.7)% |  |  | (279847693)  |
| &nbsp;&nbsp;&nbsp; **TOTAL NET** <br>**ASSETS — 100.0%** |  |  | $2041725297 |

---

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

CMT - Constant Maturity Treasury

LIBOR - London Interbank Offered Rate

LLC - Limited Liability Company

LP - Limited Partnership

PLC - Public Limited Company

REMIC - Real Estate Mortgage Investment Conduit

SOFR - Secured Overnight Financing Rate

BRL - Brazilian Real

EUR - Euro

GBP - British Pound

The accompanying notes are an integral part of these financial statements.

44<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON REAMS CORE PLUS BOND FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

<sup>(a)</sup> Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors.

<sup>(b)</sup> Securities referencing LIBOR are expected to transition to an alternative reference rate by the security's next scheduled coupon reset date.

<sup>(c)</sup> Step coupon bond. The rate disclosed is as of December 31, 2025.

<sup>(d)</sup> To-be-announced security.

<sup>(e)</sup> Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of December 31, 2025.

<sup>(f)</sup> This security does not pay interest and does not guarantee full repayment of principal at maturity. Instead, the security offers a payment at maturity that may be greater than or less than the stated principal amount, depending on the performance of the Synthetic USD CMS 10Y10Y Rate from its initial underlying value to its final underlying value.

<sup>(g)</sup> This security does not pay interest and does not guarantee full repayment of principal at maturity. Instead, the security offers a payment at maturity that may be greater than or less than the stated principal amount, depending on the performance of the 5-Year U.S. Dollar SOFR ICE Swap Rate from its initial underlying value to its final underlying value.

<sup>(h)</sup> This security does not pay interest and does not guarantee full repayment of principal at maturity. Instead, the security offers a payment at maturity that may be greater than or less than the stated principal amount, depending on the performance of the SOFR CMS10 Rate from its initial underlying value to its final underlying value.

<sup>(i)</sup> This security does not pay interest and does not guarantee full repayment of principal at maturity. Instead, the security offers a payment at maturity that may be greater than or less than the stated principal amount, depending on the performance of the EUR CMS7 Rate from its initial underlying value to its final underlying value.

<sup>(j)</sup> This security does not pay interest and does not guarantee full repayment of principal at maturity. Instead, the security offers a payment at maturity that may be greater than or less than the stated principal amount, depending on the performance of the EUR CMS5 Rate from its initial underlying value to its final underlying value.

<sup>(k)</sup> This security does not pay interest and does not guarantee full repayment of principal at maturity. Instead, the security offers a payment at maturity that may be greater than or less than the stated principal amount, depending on the performance of the SONIA CMS7 Rate from its initial underlying value to its final underlying value.

<sup>(l)</sup> This security does not pay interest and does not guarantee full repayment of principal at maturity. Instead, the security offers a payment at maturity that may be greater than or less than the stated principal amount, depending on the performance of the Synthetic 10Y10Y SOFR CMS Rate from its initial underlying value to its final underlying value.

&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(m)</sup> This security does not pay interest and does not guarantee full repayment of principal at maturity. Instead, the security offers a payment at maturity that may be greater than or less than the stated principal amount, depending on the performance of the 10-year U.S. Dollar SOFR ICE swap Rate from its initial underlying value to its final underlying value.

<sup>(n)</sup> This security does not pay interest and does not guarantee full repayment of principal at maturity. Instead, the security offers a payment at maturity that may be greater than or less than the stated principal amount, depending on the performance of the EUR-EURIBOR ICE Swap Rate from its initial underlying value to its final underlying value.

<sup>(o)</sup> This security does not pay interest and does not guarantee full repayment of principal at maturity. Instead, the security offers a payment at maturity that may be greater than or less than the stated principal amount, depending on the performance of the GBP-SONIA ICE Swap Rate from its initial underlying value to its final underlying value.

<sup>(p)</sup> This security does not pay interest and does not guarantee full repayment of principal at maturity. Instead, the security offers a payment at maturity that may be greater than or less than the stated principal amount, depending on the performance of each of the 10Y USD SWAP Reference Rate and the 5Y USD SWAP Reference Rate (each, an "underlying") from its initial underlying value to its final underlying value.

<sup>(q)</sup> Zero Coupon instrument. The rate shown is the annualized effective yield as of December 31, 2025.

The accompanying notes are an integral part of these financial statements.

45<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON REAMS CORE PLUS BOND FUND** 

**FORWARD CURRENCY CONTRACTS** 

**December 31, 2025 (Continued)** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement Date** | **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Unrealized**<br>**Appreciation**<br>(Depreciation)  |
| Barclays Capital, Inc. | &nbsp;&nbsp; 02/03/2026 | AUD | 30643000 | USD | 20093381 | &nbsp;&nbsp;&nbsp; $359661  |
| Barclays Capital, Inc. | &nbsp;&nbsp; 03/03/2026 | BRL | 30839396 | USD | 5461200 | &nbsp;&nbsp;&nbsp; 88212  |
| Barclays Capital, Inc. | &nbsp;&nbsp; 01/27/2026 | INR | 1838789915 | USD | 20778548 | &nbsp;&nbsp;&nbsp; (365853)  |
| Barclays Capital, Inc. | &nbsp;&nbsp; 02/03/2026 | USD | 5000 | AUD | 7470 | &nbsp;&nbsp;&nbsp; 14  |
| Goldman Sachs | &nbsp;&nbsp; 03/03/2026 | BRL | 53959159 | USD | 9557100 | &nbsp;&nbsp;&nbsp; 152610  |
| Goldman Sachs | &nbsp;&nbsp; 03/03/2026 | CAD | 29841208 | USD | 21435448 | &nbsp;&nbsp;&nbsp; 364292  |
| Goldman Sachs | &nbsp;&nbsp; 03/03/2026 | USD | 3061000 | CAD | 4184356 | &nbsp;&nbsp;&nbsp; 4224  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 03/03/2026 | BRL | 30839396 | USD | 5461200 | &nbsp;&nbsp;&nbsp; 88212  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 02/27/2026 | CHF | 898331 | USD | 1144000 | &nbsp;&nbsp;&nbsp; (2900)  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 01/12/2026 | GBP | 834000 | USD | 1123859 | &nbsp;&nbsp;&nbsp; 319  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 02/03/2026 | USD | 3819000 | BRL | 20610379 | &nbsp;&nbsp;&nbsp; 90799  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 03/03/2026 | USD | 32926316 | BRL | 180624420 | &nbsp;&nbsp;&nbsp; 423756  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 02/27/2026 | USD | 41192803 | CHF | 32964129 | &nbsp;&nbsp;&nbsp; (679703)  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 01/30/2026 | USD | 20275009 | CNY | 142999818 | &nbsp;&nbsp;&nbsp; (217943)  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 01/12/2026 | USD | 1157883 | EUR | 995000 | &nbsp;&nbsp;&nbsp; (12115)  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 01/29/2026 | USD | 1360734 | EUR | 1161000 | &nbsp;&nbsp;&nbsp; (5611)  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 02/11/2026 | USD | 1203685 | EUR | 1036000 | &nbsp;&nbsp;&nbsp; (16249)  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 03/04/2026 | USD | 1308367 | EUR | 1119000 | &nbsp;&nbsp;&nbsp; (10534)  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 02/11/2026 | USD | 1231063 | GBP | 934000 | &nbsp;&nbsp;&nbsp; (27827)  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 03/04/2026 | USD | 1318355 | GBP | 989000 | &nbsp;&nbsp;&nbsp; (14575)  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 03/18/2026 | USD | 1127637 | GBP | 840000 | &nbsp;&nbsp;&nbsp; (4410)  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 04/01/2026 | USD | 1123577 | GBP | 834000 | &nbsp;&nbsp;&nbsp; (318)  |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | &nbsp;&nbsp;&nbsp; $214061 |

---

AUD - Australian Dollars

BRL - Brazilian Real

CAD - Canadian Dollar

CHF - Swiss Franc

CNY - Chinese Yuan

EUR - Euro

GBP - British Pound

INR - Indian Rupee

USD - United States Dollar

The accompanying notes are an integral part of these financial statements.

46<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON REAMS CORE PLUS BOND FUND** 

**CREDIT DEFAULT SWAP CONTRACTS** 

**SELL PROTECTION** 

**December 31, 2025 (Continued)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Obligation\*** | **Financing** <br>**Rate** <br>**Received** <br>(Paid) | **Payment** <br>**Frequency** | **Rating of** <br>**Reference** <br>**Entity** | **Maturity** <br>**Date** | **Notional** <br>**Amount<sup>(b)</sup>** | **Value<sup>(c)</sup>** | **Premiums** <br>**Paid** <br>(Received) | **Net Unrealized** <br>**Appreciation** <br>(Depreciation)  |
| **Sell Protection<sup>(a)</sup>:** <br>|  |  |  |  |  |  |  |  |
|  CDX North American High Yield Index Series 45 | &nbsp;&nbsp;&nbsp;&nbsp; 5.00% | Quarterly | &nbsp;&nbsp;&nbsp;&nbsp; B2/B | 12/20/2030 | $48330000 | $3750548 | $3519022 | &nbsp;&nbsp;&nbsp;&nbsp; $231526  |
|  |  |  |  |  |  | $3750548 | $3519022 | &nbsp;&nbsp;&nbsp;&nbsp; $231526 |

---

\* Intercontinental Exchange is the central clearing party.

<sup>(a)</sup> If the fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation of underlying securities comprising the referenced index. 

<sup>(b)</sup> The maximum potential amount the fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. 

<sup>(c)</sup> The prices and resulting values for credit default swap agreements on credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. 

There is $17,148 of variation margin related to swap contracts due from the fund to the broker as of the date of this report.

The accompanying notes are an integral part of these financial statements.

47<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON REAMS UNCONSTRAINED BOND FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **U.S. TREASURY SECURITIES — 31.3%** | **U.S. TREASURY SECURITIES — 31.3%** | **U.S. TREASURY SECURITIES — 31.3%** |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Inflation Indexed Bonds, <br>2.38%, 02/15/2055 | $48766176 | $46259244  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Inflation Indexed Notes, <br>1.88%, 07/15/2035 | 173490393 | 173025879  |
| U.S. Treasury Notes<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.75%, 10/31/2032 | 244605000 | 241891413  |
| &nbsp;&nbsp;&nbsp; 4.25%, 08/15/2035 | 214980000 | 216525169  |
| &nbsp;&nbsp;&nbsp; **TOTAL U.S. TREASURY SECURITIES**<br>**(Cost $684,079,073)** |  | 677701705  |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES — 17.9%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES — 17.9%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES — 17.9%** |
| Angel Oak Mortgage Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-10, <br>Class A1, 4.96%, 09/25/2070<sup>(a)(b)</sup> | 3123688 | 3127157  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-13, <br>Class A1, 4.93%, 10/25/2070<sup>(a)(c)</sup> | 2925000 | 2928653  |
|  BANK, Series 2021-BN35, Class A2, 1.87%, 06/15/2064 | 6280000 | 6059693  |
|  Barclays Mortgage Loan Trust, Series 2023-NQM1, Class A1A, 6.03%, 01/25/2063<sup>(a)(c)</sup> | 1251224 | 1258991  |
|  BBCMS Mortgage Trust, Series 2022-C18, Class A2, 5.50%, 12/15/2055<sup>(b)</sup> | 6481268 | 6579199  |
|  Benchmark Mortgage Trust, Series 2021-B28, Class A2, 1.79%, 08/15/2054 | 3944070 | 3865124  |
|  BRAVO Residential Funding Trust, Series 2025-NQM9, Class A1, 5.04%, 09/25/2065<sup>(a)(c)</sup> | 8879594 | 8902704  |
|  Chase Home Lending Mortgage Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-8, <br>Class A4A, 5.50%, 08/25/2055<sup>(a)(b)</sup> | 2251624 | 2256013  |
| &nbsp;&nbsp;&nbsp; Series 2025-11, Class A11, 5.17% (30 day avg SOFR US + 1.30%), 02/25/2056<sup>(a)</sup> | 9884742 | 9924474  |
| &nbsp;&nbsp;&nbsp; Series 2025-3, Class A11, 5.17% (30 day avg SOFR US + 1.30%), 02/25/2056<sup>(a)</sup> | 2445600 | 2446464  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| &nbsp;&nbsp;&nbsp; Series 2025-9, Class A11, 5.17% (30 day avg SOFR US + 1.30%), 06/25/2056<sup>(a)</sup> | $1765502 | $1765575  |
|  Citigroup Mortgage Loan Trust, Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-J1, Class A3A, 2.50%, 04/25/2051<sup>(a)(b)</sup> | 3960169 | 3314476  |
| &nbsp;&nbsp;&nbsp; Series 2021-J2, Class A7A, 2.50%, 07/25/2051<sup>(a)(b)</sup> | 1562452 | 1409217  |
| COLT Mortgage Loan Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-10, <br>Class A1, 5.09%, 10/25/2070<sup>(a)(b)</sup> | 7152792 | 7176020  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-11, <br>Class A1, 5.05%, 11/25/2070<sup>(a)(b)</sup> | 7120000 | 7137761  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-12, <br>Class A1, 4.98%, 01/26/2071<sup>(a)(b)</sup> | 5020000 | 5026165  |
| &nbsp;&nbsp;&nbsp; CSMC Trust, <br>Series 2018-J1, <br>Class A2, 3.50%, 02/25/2048<sup>(a)(b)</sup> | 1855525 | 1678207  |
|  DBC Mortgage Trust, Series 2025-DBC, Class A, 5.10% (1 mo. Term SOFR + 1.35%), 11/15/2042<sup>(a)</sup> | 12035000 | 12039502  |
|  DBJPM Mortgage Trust, Series 2020-C9, Class A2, 1.90%, 08/15/2053 | 213075 | 212702  |
| Flagstar Mortgage Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-4, Class A1, 2.50%, 06/01/2051<sup>(a)(b)</sup> | 4970731 | 4163251  |
| &nbsp;&nbsp;&nbsp; Series 2021-8INV, Class A3, 2.50%, 09/25/2051<sup>(a)(b)</sup> | 1353959 | 1129815  |
|  GCAT Trust, Series 2022-INV1, Class A1, 3.00%, 12/25/2051<sup>(a)(b)</sup> | 4421539 | 3874891  |
|  GS Mortgage-Backed Securities Corp. Trust, Series 2022-PJ2, Class A4, 2.50%, 06/25/2052<sup>(a)(b)</sup> | 2777124 | 2320712  |
|  GS Mortgage-Backed Securities Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-INV1, Class A14, 2.91%, 10/25/2050<sup>(a)(b)</sup> | 3538353 | 3085854  |
| &nbsp;&nbsp;&nbsp; Series 2021-GR2, Class A2, 2.50%, 02/25/2052<sup>(a)(b)</sup> | 2646553 | 2215041  |

---

The accompanying notes are an integral part of these financial statements.

48<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON REAMS UNCONSTRAINED BOND FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| &nbsp;&nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  | &nbsp;&nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  | &nbsp;&nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  |
| &nbsp;&nbsp;&nbsp; Series 2021-MM1, Class A2, 2.50%, 04/25/2052<sup>(a)(b)</sup> | $10359166 | $8670135  |
| &nbsp;&nbsp;&nbsp; Series 2021-PJ10, Class A2, 2.50%, 03/25/2052<sup>(a)(b)</sup> | 4008423 | 3354862  |
| &nbsp;&nbsp;&nbsp; Series 2021-PJ7, Class A2, 2.50%, 01/25/2052<sup>(a)(b)</sup> | 3571460 | 2989144  |
| &nbsp;&nbsp;&nbsp; Series 2022-LTV2, Class A21, 4.00%, 12/25/2052<sup>(a)(b)</sup> | 3191743 | 3032924  |
| &nbsp;&nbsp;&nbsp; Series 2022-PJ5, Class A4, 2.50%, 10/25/2052<sup>(a)(b)</sup> | 6219572 | 5217307  |
| &nbsp;&nbsp;&nbsp; Series 2023-CCM1, Class A1, 6.65%, 08/25/2053<sup>(a)(b)</sup> | 1458540 | 1458340  |
| &nbsp;&nbsp;&nbsp; Series 2023-PJ5, Class A16, 6.50%, 02/25/2054<sup>(a)(b)</sup> | 3560031 | 3615470  |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM5, Class A1, 5.01%, 07/25/2065<sup>(a)(c)</sup> | 1881797 | 1883619  |
| &nbsp;&nbsp;&nbsp; Series 2025-PJ7, Class A5, 5.50%, 12/25/2055<sup>(a)(b)</sup> | 4272903 | 4294732  |
| JP Morgan Mortgage Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1, <br>Class A3, 2.50%, 06/25/2051<sup>(a)(b)</sup> | 1096908 | 918060  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-12, <br>Class A3, 2.50%, 02/25/2052<sup>(a)(b)</sup> | 712592 | 596406  |
| &nbsp;&nbsp;&nbsp; Series 2021-13, Class A3A, 2.00%, 04/25/2052<sup>(a)(b)</sup> | 3588538 | 2870830  |
| &nbsp;&nbsp;&nbsp; Series 2021-14, Class A3A, 2.00%, 05/25/2052<sup>(a)(b)</sup> | 2780139 | 2222304  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-3, <br>Class A3, 2.50%, 07/25/2051<sup>(a)(b)</sup> | 3177107 | 2667032  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-4, <br>Class A3, 2.50%, 08/25/2051<sup>(a)(b)</sup> | 2460294 | 2062718  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-6, <br>Class A3, 2.50%, 10/25/2051<sup>(a)(b)</sup> | 2704466 | 2265133  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-8, <br>Class A3, 2.50%, 12/25/2051<sup>(a)(b)</sup> | 2314223 | 1933888  |
| &nbsp;&nbsp;&nbsp; Series 2021-INV4, Class A2, 3.00%, 01/25/2052<sup>(a)(b)</sup> | 5237186 | 4573331  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| &nbsp;&nbsp;&nbsp; Series 2021-INV6, Class A2, 3.00%, 04/25/2052<sup>(a)(b)</sup> | $5385093 | $4722549  |
| &nbsp;&nbsp;&nbsp; Series 2021-INV8, Class A2, 3.00%, 05/25/2052<sup>(a)(b)</sup> | 5000741 | 4382485  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-4, <br>Class A2A, 3.00%, 10/25/2052<sup>(a)(b)</sup> | 1833567 | 1600002  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-6, <br>Class A2, 3.50%, 11/25/2052<sup>(a)(b)</sup> | 2784108 | 2540103  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-6, <br>Class A3, 3.00%, 11/25/2052<sup>(a)(b)</sup> | 2175453 | 1895509  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2022-8, <br>Class A3, 4.00%, 01/25/2053<sup>(a)(b)</sup> | 1682866 | 1573414  |
| &nbsp;&nbsp;&nbsp; Series 2022-INV1, Class A3, 3.00%, 03/25/2052<sup>(a)(b)</sup> | 3334588 | 2920156  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2023-6, <br>Class A4, 6.00%, 12/26/2053<sup>(a)(b)</sup> | 4710266 | 4768176  |
| &nbsp;&nbsp;&nbsp; Series 2024-12, Class A4A, 5.50%, 06/25/2055<sup>(a)(b)</sup> | 3668361 | 3666888  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-3, <br>Class A3, 3.00%, 05/25/2054<sup>(a)(b)</sup> | 7235110 | 6340611  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2024-7, <br>Class A3, 3.00%, 04/25/2053<sup>(a)(b)</sup> | 4214011 | 3677217  |
| &nbsp;&nbsp;&nbsp; Series 2024-CCM1, Class A4A, 5.50%, 04/25/2055<sup>(a)(b)</sup> | 732820 | 737742  |
| &nbsp;&nbsp;&nbsp; Series 2025-12MPR, Class A1D, 5.06%, 06/25/2056<sup>(a)(c)</sup> | 10180000 | 10148795  |
| &nbsp;&nbsp;&nbsp; Series 2025-5MPR, Class A1D, 5.50%, 11/25/2055<sup>(a)(c)</sup> | 7751072 | 7780216  |
| &nbsp;&nbsp;&nbsp; Series 2025-7MPR, Class A1D, 5.32%, 02/25/2056<sup>(a)(c)</sup> | 6654300 | 6660234  |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM2, Class A1, 5.57%, 09/25/2065<sup>(a)(b)</sup> | 6323022 | 6379435  |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM4, Class A1, 4.95%, 03/25/2066<sup>(a)(b)</sup> | 8722532 | 8728915  |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM5, Class A1, 4.88%, 05/25/2065<sup>(a)(b)</sup> | 1540000 | 1539712  |
| MFRA Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM4, Class A1, 5.23%, 08/25/2070<sup>(a)(b)</sup> | 14252460 | 14308278  |

---

The accompanying notes are an integral part of these financial statements.

49<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON REAMS UNCONSTRAINED BOND FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| &nbsp;&nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  | &nbsp;&nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  | &nbsp;&nbsp;&nbsp; **COMMERCIAL MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM5, Class A1, 5.19%, 11/25/2070<sup>(a)(b)</sup> | $9789839 | $9807522  |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Residential Mortgage Loan Trust, Series 2023-1, <br>Class A1, 4.00%, 02/25/2053<sup>(a)(b)</sup> | 1257133 | 1172693  |
| OBX Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-INV2, Class A3, 2.50%, 10/25/2051<sup>(a)(b)</sup> | 2398433 | 2002939  |
| &nbsp;&nbsp;&nbsp; Series 2021-J2, Class A1, 2.50%, 07/25/2051<sup>(a)(b)</sup> | 7431493 | 6210521  |
| &nbsp;&nbsp;&nbsp; Series 2023-INV1, Class A1, 3.00%, 01/25/2052<sup>(a)(b)</sup> | 4499936 | 3926721  |
| &nbsp;&nbsp;&nbsp; Series 2025-J3, Class AF, 5.37% (30 day avg SOFR US + 1.50%), 10/25/2055<sup>(a)</sup> | 4672221 | 4671401  |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM19, Class A1, 4.87%, 10/25/2065<sup>(a)(b)</sup> | 4740220 | 4741140  |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM20, Class A1, 5.02%, 10/25/2065<sup>(a)(b)</sup> | 5360035 | 5374792  |
|  PRMI Securitization Trust, Series 2021-1, Class A3, 2.50%, 04/25/2051<sup>(a)(b)</sup> | 3442189 | 3096887  |
|  PRPM Trust, Series 2025-NQM6, Class A1, 4.99%, 12/25/2070<sup>(a)(b)</sup> | 2335000 | 2334577  |
|  PSMC Trust, Series 2021-2, Class A3, 2.50%, 05/25/2051<sup>(a)(b)</sup> | 2983406 | 2715937  |
|  Radian Mortgage Capital Trust, Series 2025-J4, Class A25, 5.42% (30 day avg SOFR US + 1.55%), 03/25/2056<sup>(a)</sup> | 3494666 | 3494874  |
| Rate Mortgage Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-J3, <br>Class A1, 2.50%, 10/25/2051<sup>(a)(b)</sup> | 3523602 | 2957722  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-J4, <br>Class A1, 2.50%, 11/25/2051<sup>(a)(b)</sup> | 7304069 | 6104032  |
| &nbsp;&nbsp;&nbsp; Series 2025-J3, Class A27, 5.42% (30 day avg SOFR US + 1.55%), 11/25/2055<sup>(a)</sup> | 4373574 | 4371610  |
|  RIDE Trust, Series 2025-SHRE, Class A, 5.44%, 02/14/2047<sup>(a)(b)</sup> | 2905000 | 2989699  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
|  ROCK Trust, Series 2024-CNTR, Class A, 5.39%, 11/13/2041<sup>(a)</sup> | $5365000 | $5511882  |
| Sequoia Mortgage Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-3, <br>Class A1, 2.50%, 05/25/2051<sup>(a)(b)</sup> | 5189098 | 4336545  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-4, <br>Class A1, 2.50%, 06/25/2051<sup>(a)(b)</sup> | 4919878 | 4111557  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-6, <br>Class A1, 2.50%, 10/25/2051<sup>(a)(b)</sup> | 2351631 | 1962326  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2021-9, <br>Class A1, 2.50%, 01/25/2052<sup>(a)(b)</sup> | 1073175 | 900880  |
| &nbsp;&nbsp;&nbsp; Series 2025-10, Class A26F, 5.12% (30 day avg SOFR US + 1.25%), 11/25/2055<sup>(a)</sup> | 15462117 | 15462978  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-11, <br>Class A2, 5.00%, 11/25/2055<sup>(a)(b)</sup> | 12938082 | 12874905  |
| &nbsp;&nbsp;&nbsp; Series 2025-12, Class A26F, 5.42% (30 day avg SOFR US + 1.55%), 12/25/2055<sup>(a)</sup> | 4539383 | 4544158  |
|  Towd Point Mortgage Trust, Series 2015-5, Class M2, 3.50%, 05/25/2055<sup>(a)(b)</sup> | 671421 | 669009  |
| Verus Securitization Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-11, <br>Class A1, 4.91%, 11/25/2070<sup>(a)(b)</sup> | 6716345 | 6720835  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-9, <br>Class A1, 4.94%, 10/27/2070<sup>(a)(b)</sup> | 3570066 | 3574245  |
|  Wells Fargo Mortgage Backed Securities Trust, Series 2021-RR1, Class A1, 2.50%, 12/25/2050<sup>(a)(b)</sup> | 8388028 | 7020385  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMERCIAL MORTGAGE-** <br>**BACKED SECURITIES**<br>**(Cost $385,080,792)** |  | 386557105  |
| **AGENCY MORTGAGE-BACKED SECURITIES — 14.8%** | **AGENCY MORTGAGE-BACKED SECURITIES — 14.8%** | **AGENCY MORTGAGE-BACKED SECURITIES — 14.8%** |
| Fannie Mae REMIC<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-103, Class FD, 5.02% (30 day avg SOFR US + 1.15%), 01/25/2055 | 15213656 | 15267252  |
| &nbsp;&nbsp;&nbsp; Series 2024-70, Class FB, 4.97% (30 day avg SOFR US + 1.10%), 10/25/2054 | 19259168 | 19299707  |

---

The accompanying notes are an integral part of these financial statements.

50<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON REAMS UNCONSTRAINED BOND FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| &nbsp;&nbsp;&nbsp; **AGENCY MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  | &nbsp;&nbsp;&nbsp; **AGENCY MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  | &nbsp;&nbsp;&nbsp; **AGENCY MORTGAGE-BACKED** <br>**SECURITIES — (Continued)**  |
| &nbsp;&nbsp;&nbsp; Series 2025-102, Class FA, 4.92% (30 day avg SOFR US + 1.05%), 12/25/2055 | $17454421 | $17479091  |
| &nbsp;&nbsp;&nbsp; Series 2025-102, Class FD, 4.92% (30 day avg SOFR US + 1.05%), 12/25/2055 | 20060907 | 20091013  |
| &nbsp;&nbsp;&nbsp; Series 2025-15, Class DF, 4.77% (30 day avg SOFR US + 0.90%), 04/25/2055 | 16335755 | 16391366  |
| &nbsp;&nbsp;&nbsp; Series 2025-46, Class FG, 5.07% (30 day avg SOFR US + 1.20%), 06/25/2055 | 5908484 | 5931054  |
| &nbsp;&nbsp;&nbsp; Series 2025-55, Class FG, 4.97% (30 day avg SOFR US + 1.10%), 07/25/2055 | 21208842 | 21283526  |
| &nbsp;&nbsp;&nbsp; Series 2025-86, Class FA, 5.07% (30 day avg SOFR US + 1.20%), 10/25/2055 | 7119686 | 7150785  |
| &nbsp;&nbsp;&nbsp; Series 2025-93, Class FA, 4.97% (30 day avg SOFR US + 1.10%), 11/25/2055 | 11670167 | 11698155  |
| &nbsp;&nbsp;&nbsp; Series 2025-96, Class FB, 4.97% (30 day avg SOFR US + 1.10%), 11/25/2055 | 16345381 | 16384010  |
|  Federal Home Loan Mortgage Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 5397, Class FA, 4.82% (30 day avg SOFR US + 0.95%), 04/25/2054 | 8124821 | 8142341  |
| &nbsp;&nbsp;&nbsp; Series 5470, Class FA, 4.97% (30 day avg SOFR US + 1.10%), 11/25/2054 | 2342712 | 2347508  |
| &nbsp;&nbsp;&nbsp; Series 5494, Class FA, 4.97% (30 day avg SOFR US + 1.10%), 01/25/2055 | 11243665 | 11268546  |
| &nbsp;&nbsp;&nbsp; Series 5494, Class FB, 4.97% (30 day avg SOFR US + 1.10%), 01/25/2055 | 9467798 | 9488705  |
| &nbsp;&nbsp;&nbsp; Series 5499, Class BF, 4.77% (30 day avg SOFR US + 0.90%), 02/25/2055 | 2920491 | 2919888  |
| &nbsp;&nbsp;&nbsp; Series 5499, Class CF, 4.87% (30 day avg SOFR US + 1.00%), 02/25/2055 | 2314006 | 2319211  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| &nbsp;&nbsp;&nbsp; Series 5513, Class KF, 4.72% (30 day avg SOFR US + 0.85%), 11/25/2054 | $3908877 | $3917312  |
| &nbsp;&nbsp;&nbsp; Series 5530, Class FA, 5.02% (30 day avg SOFR US + 1.15%), 04/25/2055 | 10714779 | 10746107  |
| &nbsp;&nbsp;&nbsp; Series 5549, Class AF, 5.37% (30 day avg SOFR US + 1.50%), 06/25/2055 | 31589310 | 31827202  |
| &nbsp;&nbsp;&nbsp; Series 5563, Class FB, 4.82% (30 day avg SOFR US + 0.95%), 06/25/2055 | 12412748 | 12473529  |
| &nbsp;&nbsp;&nbsp; Series 5575, Class FG, 5.17% (30 day avg SOFR US + 1.30%), 09/25/2055 | 7114077 | 7165092  |
| &nbsp;&nbsp;&nbsp; Series 5584, Class KF, 4.97% (30 day avg SOFR US + 1.10%), 10/25/2055 | 9612442 | 9636723  |
| &nbsp;&nbsp;&nbsp; Series 5598, Class FA, 5.02% (30 day avg SOFR US + 1.15%), 11/25/2055 | 11846935 | 11884757  |
| &nbsp;&nbsp;&nbsp; Series 5609, Class F, 4.92% (30 day avg SOFR US + 1.05%), 12/25/2055 | 17798469 | 17824752  |
| &nbsp;&nbsp;&nbsp; Series 5609, Class FB, 4.82% (30 day avg SOFR US + 0.95%), 12/25/2055 | 2344261 | 2347407  |
| &nbsp;&nbsp;&nbsp; Series 5616, Class FA, 5.08% (30 day avg SOFR US + 1.10%), 01/25/2056 | 14420000 | 14440944  |
| Fannie Mae REMIC<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-90, Class B, 5.00%, 07/25/2051 | 3426648 | 3432588  |
| &nbsp;&nbsp;&nbsp; Series 2025-102, Class DA, 4.50%, 03/25/2054 | 4351655 | 4329447  |
| &nbsp;&nbsp;&nbsp; Series 2025-85, Class D, 4.50%, 07/25/2052 | 3845230 | 3826692  |
| &nbsp;&nbsp;&nbsp; **TOTAL AGENCY MORTGAGE- BACKED SECURITIES**<br>**(Cost $320,348,672)** |  | 321314710  |
| **ASSET-BACKED SECURITIES — 12.5%** | **ASSET-BACKED SECURITIES — 12.5%** | **ASSET-BACKED SECURITIES — 12.5%** |
| AMSR Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-SFR2, Class A, 3.95%, 06/17/2040<sup>(a)</sup> | 865000 | 856937  |

---

The accompanying notes are an integral part of these financial statements.

51<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON REAMS UNCONSTRAINED BOND FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **ASSET-BACKED SECURITIES — (Continued)**  | **ASSET-BACKED SECURITIES — (Continued)**  | **ASSET-BACKED SECURITIES — (Continued)**  |
| &nbsp;&nbsp;&nbsp; Series 2024-SFR2, Class A, 4.15%, 11/17/2041<sup>(a)</sup> | $1430000 | $1411270  |
| &nbsp;&nbsp;&nbsp; Series 2025-SFR2, Class A, 4.28%, 11/17/2042<sup>(a)</sup> | 2365000 | 2330214  |
|  ARES XLIV CLO Ltd., Series 2017-44A, Class A1RR, 5.03% (3 mo. Term SOFR + 1.13%), 04/15/2034<sup>(a)</sup> | 3700000 | 3697639  |
|  Avis Budget Rental Car Funding AESOP LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A, 5.36%, 06/20/2030<sup>(a)</sup> | 6090000 | 6279268  |
| &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A, 5.12%, 08/20/2031<sup>(a)</sup> | 10460000 | 10717445  |
| &nbsp;&nbsp;&nbsp; Series 2025-3A, Class A, 4.17%, 02/20/2030<sup>(a)</sup> | 9870000 | 9859309  |
|  Bain Capital Credit CLO Ltd., Series 2021-1A, Class AR, 4.82% (3 mo. Term SOFR + 0.94%), 04/18/2034<sup>(a)</sup> | 5995000 | 5985270  |
|  Bardot CLO Ltd., Series 2019-2A, Class ARR, 4.84% (3 mo. Term SOFR + 0.98%), 10/22/2032<sup>(a)</sup> | 2992039 | 2992230  |
|  Barings Loan Partners CLO Ltd., Series LP-3A, Class AR2, 4.83% (3 mo. Term SOFR + 0.95%), 07/20/2033<sup>(a)</sup> | 5835150 | 5836970  |
|  Bridge Trust, Series 2025-SFR1, Class A, 4.05%, 09/17/2042<sup>(a)</sup> | 9030390 | 8702232  |
| Carlyle US CLO Ltd.<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-1A, Class A1A2, 4.83% (3 mo. Term SOFR + 0.95%), 04/20/2031<sup>(a)</sup> | 4373787 | 4375536  |
| &nbsp;&nbsp;&nbsp; Series 2021-9A, Class AR, 4.99% (3 mo. Term SOFR + 1.11%), 10/20/2034<sup>(a)</sup> | 3630000 | 3630189  |
|  Deephaven Residential Mortgage Trust, Series 2025-CES1, Class A1A, 5.22%, 10/25/2055<sup>(a)(c)</sup> | 4275032 | 4285041  |
| Hertz Vehicle Financing III LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-4A, Class A, 6.15%, 03/25/2030<sup>(a)</sup> | 11949000 | 12507797  |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A, 4.91%, 09/25/2029<sup>(a)</sup> | 10530000 | 10651632  |
| &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A, 5.13%, 09/25/2031<sup>(a)</sup> | 9390000 | 9537694  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| &nbsp;&nbsp;&nbsp; Series 2025-3A, Class A, 5.06%, 12/26/2029<sup>(a)</sup> | $12545000 | $12700695  |
| &nbsp;&nbsp;&nbsp; Series 2025-4A, Class A, 5.41%, 12/25/2031<sup>(a)</sup> | 11915000 | 12234837  |
| Home Partners of America Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1, Class A, 1.70%, 09/17/2041<sup>(a)</sup> | 4943468 | 4502608  |
| &nbsp;&nbsp;&nbsp; Series 2021-2, Class A, 1.90%, 12/17/2026<sup>(a)</sup> | 13091185 | 12816379  |
| &nbsp;&nbsp;&nbsp; Series 2021-3, Class A, 2.20%, 01/17/2041<sup>(a)</sup> | 12808546 | 12066588  |
|  Invitation Homes Trust, Series 2024-SFR1, Class A, 4.00%, 09/17/2041<sup>(a)</sup> | 1098119 | 1081340  |
| JP Morgan Mortgage Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-HE1, Class A1, 5.07% (30 day avg SOFR US + 1.15%), 07/20/2055<sup>(a)</sup> | 4243049 | 4240065  |
| &nbsp;&nbsp;&nbsp; Series 2025-HE2, Class A1, 5.16% (30 day avg SOFR US + 1.25%), 11/20/2055<sup>(a)</sup> | 4838742 | 4846090  |
| &nbsp;&nbsp;&nbsp; Series 2025-HE3, Class A1, 5.27% (30 day avg SOFR US + 1.35%), 03/20/2056<sup>(a)</sup> | 3169080 | 3170038  |
|  Mercedes-Benz Auto Lease Trust, Series 2024-B, Class A2B, 4.42% (30 day avg SOFR US + 0.44%), 12/15/2026 | 178928 | 178947  |
|  Neuberger Berman Loan Advisers CLO Ltd., Series 2021-42A, Class AR, 4.84% (3 mo. Term SOFR + 0.95%), 07/16/2036<sup>(a)</sup> | 3455000 | 3454679  |
| Progress Residential Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-SFR3, Class A, 1.64%, 05/17/2026<sup>(a)</sup> | 4650362 | 4620957  |
| &nbsp;&nbsp;&nbsp; Series 2021-SFR7, Class A, 1.69%, 08/17/2040<sup>(a)</sup> | 4749011 | 4464712  |
| &nbsp;&nbsp;&nbsp; Series 2021-SFR8, Class A, 1.51%, 10/17/2038<sup>(a)</sup> | 4670808 | 4598472  |
| &nbsp;&nbsp;&nbsp; Series 2021-SFR9, Class A, 2.01%, 11/17/2040<sup>(a)</sup> | 8540500 | 8038114  |
| &nbsp;&nbsp;&nbsp; Series 2024-SFR5, Class A, 3.00%, 08/09/2029<sup>(a)</sup> | 9929300 | 9462105  |
| &nbsp;&nbsp;&nbsp; Series 2025-SFR3, Class A, 3.39%, 07/17/2042<sup>(a)</sup> | 4055000 | 3864474  |

---

The accompanying notes are an integral part of these financial statements.

52<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON REAMS UNCONSTRAINED BOND FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **ASSET-BACKED SECURITIES — (Continued)** | **ASSET-BACKED SECURITIES — (Continued)** | **ASSET-BACKED SECURITIES — (Continued)** |
| &nbsp;&nbsp;&nbsp; Series 2025-SFR5, Class A, 3.85%, 10/17/2042<sup>(a)</sup> | $8705000 | $8431350  |
| &nbsp;&nbsp;&nbsp; Series 2025-SFR6, Class A, 4.00%, 12/17/2042<sup>(a)</sup> | 13055000 | 12666487  |
| STAR Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-SFR3, Class A, 5.40% (1 mo. Term SOFR + 1.65%), 05/17/2039<sup>(a)</sup> | 8181345 | 8195010  |
| &nbsp;&nbsp;&nbsp; Series 2024-SFR4, Class A, 5.50% (1 mo. Term SOFR + 1.75%), 10/17/2041<sup>(a)</sup> | 16393737 | 16455007  |
| &nbsp;&nbsp;&nbsp; Series 2025-SFR5, Class A, 5.20% (1 mo. Term SOFR + 1.45%), 02/17/2042<sup>(a)</sup> | 6641235 | 6649517  |
| Towd Point Mortgage Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-HE1, Class A1A, 5.22% <br>(30 day avg SOFR US + 1.35%), 07/25/2065<sup>(a)</sup> | 1732156 | 1733442  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2025-HE2, Class A1A, 5.22% <br>(30 day avg SOFR US + 1.35%), 09/25/2065<sup>(a)</sup> | 7183369 | 7198278  |
| &nbsp;&nbsp;&nbsp; **TOTAL ASSET-BACKED SECURITIES**<br>**(Cost $268,769,596)** |  | 271326864  |
| **CORPORATE BONDS — 11.5%** | **CORPORATE BONDS — 11.5%** | **CORPORATE BONDS — 11.5%** |
| **Airlines — 1.6%**<br>|  |  |
|  Air Canada, Pass Through Trust, Series 2020-2, Class A, 5.25%, 04/01/2029<sup>(a)</sup> | 1170346 | 1196223  |
|  Alaska Airlines, Pass Through Trust, Series 2020-1, Class A, 4.80%, 08/15/2027<sup>(a)</sup> | 3371685 | 3391145  |
|  British Airways, Pass Through Trust, Series 2021-1, Class A, 2.90%, 03/15/2035<sup>(a)</sup> | 4181772 | 3821945  |
|  Delta Air Lines, Pass Through Trust, Series 2020-1, Class AA, 2.00%, 06/10/2028 | 10244850 | 9784412  |
| JetBlue, Pass Through Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-1, Class AA, 2.75%, 05/15/2032 | 748347 | 671336  |
| &nbsp;&nbsp;&nbsp; Series 2020-1, Class A, 4.00%, 11/15/2032 | 3374168 | 3212165  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
|  United Airlines, Pass Through Trust<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2014-1, Class A, 4.00%, 04/11/2026 | $2268920 | $2268524  |
| &nbsp;&nbsp;&nbsp; Series 2015-1, Class AA, 3.45%, 12/01/2027 | 816376 | 804520  |
| &nbsp;&nbsp;&nbsp; Series 2016-1, Class AA, 3.10%, 07/07/2028 | 811912 | 790981  |
| &nbsp;&nbsp;&nbsp; Series 2016-2, Class AA, 2.88%, 10/07/2028 | 3209800 | 3094368  |
| &nbsp;&nbsp;&nbsp; Series 2018-1, Class AA, 3.50%, 09/01/2031 | 944665 | 912493  |
| &nbsp;&nbsp;&nbsp; Series 2019-1, Class AA, 4.15%, 08/25/2031 | 4476744 | 4395666  |
| &nbsp;&nbsp;&nbsp; Series 2019-2, Class AA, 2.70%, 05/01/2032 | 199662 | 183246  |
|  |  | 34527024  |
| **Auto Manufacturers — 1.0%** | **Auto Manufacturers — 1.0%** | **Auto Manufacturers — 1.0%** |
| &nbsp;&nbsp;&nbsp; American Honda Finance Corp., <br>5.20%, 03/05/2035 | 4370000 | 4428905  |
| Ford Motor Credit Co. LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp; 6.95%, 03/06/2026 | 6950000 | 6965670  |
| &nbsp;&nbsp;&nbsp; 4.27%, 01/09/2027 | 2215000 | 2203484  |
| &nbsp;&nbsp;&nbsp; General Motors Financial Co., Inc., <br>6.00%, 01/09/2028 | 7155000 | 7392694  |
|  |  | 20990753  |
| **Banks — 3.3%**<br>|  |  |
| Bank of America Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.95% to 07/22/2027 then SOFR + 2.04%, 07/22/2028 | 2925000 | 2966416  |
| &nbsp;&nbsp;&nbsp; 4.98% to 01/24/2028 then SOFR + 0.83%, 01/24/2029 | 8425000 | 8582663  |
| &nbsp;&nbsp;&nbsp; 5.51% to 01/24/2035 then SOFR + 1.31%, 01/24/2036 | 2410000 | 2512661  |
| Citigroup, Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.50% to 09/11/2030 then SOFR + 1.17%, 09/11/2031 | 4105000 | 4117704  |
| &nbsp;&nbsp;&nbsp; 5.45% to 06/11/2034 then SOFR + 1.45%, 06/11/2035 | 2405000 | 2490593  |
| &nbsp;&nbsp;&nbsp; 5.33% to 03/27/2035 then SOFR + 1.47%, 03/27/2036 | 10255000 | 10490350  |
| JPMorgan Chase & Co.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00% to 07/22/2029 then SOFR + 1.13%, 07/22/2030 | 9380000 | 9629849  |
| &nbsp;&nbsp;&nbsp; 5.50% to 01/24/2035 then SOFR + 1.32%, 01/24/2036 | 2410000 | 2518736  |

---

The accompanying notes are an integral part of these financial statements.

53<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON REAMS UNCONSTRAINED BOND FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **CORPORATE BONDS — (Continued)**  | **CORPORATE BONDS — (Continued)**  | **CORPORATE BONDS — (Continued)**  |
| **Banks — (Continued)** <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.57% to 04/22/2035 then SOFR + 1.68%, 04/22/2036 | $3990000 | $4186144  |
|  US Bancorp, 5.05% to 02/12/2030 then SOFR + 1.06%, 02/12/2031 | 8300000 | 8525353  |
| Wells Fargo & Co.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.48% to 04/04/2030 then 3 mo. Term SOFR + 4.03%, 04/04/2031 | 4230000 | 4257952  |
| &nbsp;&nbsp;&nbsp; 5.21% to 12/03/2034 then SOFR + 1.38%, 12/03/2035 | 2405000 | 2456782  |
| &nbsp;&nbsp;&nbsp; 5.61% to 04/23/2035 then SOFR + 1.74%, 04/23/2036 | 8340000 | 8741252  |
|  |  | 71476455  |
| **Capital Markets — 0.7%**<br>|  |  |
|  Morgan Stanley, 5.59% to 01/18/2035 then SOFR + 1.42%, 01/18/2036 | 2410000 | 2518414  |
|  State Street Corp., 5.15% to 02/28/2035 then SOFR + 1.22%, 02/28/2036 | 2425000 | 2481885  |
| The Goldman Sachs Group, Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.21% to 01/28/2030 then SOFR + 1.08%, 01/28/2031 | 7010000 | 7238848  |
| &nbsp;&nbsp;&nbsp; 5.54% to 01/28/2035 then SOFR + 1.38%, 01/28/2036 | 2410000 | 2501282  |
|  |  | 14740429  |
| **Commercial Services — 0.3%** | **Commercial Services — 0.3%** | **Commercial Services — 0.3%** |
|  ERAC USA Finance LLC, 4.60%, 05/01/2028<sup>(a)</sup> | 6410000 | 6493877  |
| **Diversified Telecommunication Services — 0.4%** | **Diversified Telecommunication Services — 0.4%** | **Diversified Telecommunication Services — 0.4%** |
| Verizon Communications, Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 2.55%, 03/21/2031 | 3235000 | 2954181  |
| &nbsp;&nbsp;&nbsp; 5.25%, 04/02/2035 | 5675000 | 5768001  |
|  |  | 8722182  |
| **Electric — 2.2%**<br>|  |  |
|  Appalachian Power Co., 2.70%, 04/01/2031 | 6185000 | 5659061  |
| &nbsp;&nbsp;&nbsp; Consolidated Edison Co. of New York, Inc., <br>3.35%, 04/01/2030 | 510000 | 493883  |
|  Duke Energy Florida LLC, 5.88%, 11/15/2033 | 3950000 | 4264023  |
|  Duke Energy Indiana LLC, 5.25%, 03/01/2034 | 7605000 | 7876257  |
|  Entergy Arkansas LLC, 5.30%, 09/15/2033 | 5810000 | 6050792  |

---

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
| Entergy Louisiana LLC<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 2.35%, 06/15/2032 |  | $5485000 | $4837375  |
| &nbsp;&nbsp;&nbsp; 5.35%, 03/15/2034 |  | 11650000 | 12107482  |
| &nbsp;&nbsp;&nbsp; Public Service Electric and Gas Co., <br>4.65%, 03/15/2033 |  | 5200000 | 5229595  |
|  |  |  | 46518468  |
| **Electric Utilities — 0.6%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Duke Energy Corp., <br>5.00%, 12/08/2027 |  | 3475000 | 3542671  |
| &nbsp;&nbsp;&nbsp; Virginia Electric and Power Co., <br>5.15%, 03/15/2035 |  | 3620000 | 3683211  |
|  Wisconsin Power and Light Co., 5.38%, 03/30/2034 |  | 6350000 | 6546383  |
|  |  |  | 13772265  |
| **Ground Transportation — 0.1%** | **Ground Transportation — 0.1%** | **Ground Transportation — 0.1%** | **Ground Transportation — 0.1%** |
| &nbsp;&nbsp;&nbsp; Union Pacific Corp, <br>5.10%, 02/20/2035 |  | 2410000 | 2487152  |
| **Health Care Equipment & Supplies — 0.3%** | **Health Care Equipment & Supplies — 0.3%** | **Health Care Equipment & Supplies — 0.3%** | **Health Care Equipment & Supplies — 0.3%** |
| &nbsp;&nbsp;&nbsp; GE HealthCare Technologies, Inc., <br>5.86%, 03/15/2030 |  | 6725000 | 7111780  |
| **Hotels, Restaurants & Leisure — 0.1%** | **Hotels, Restaurants & Leisure — 0.1%** | **Hotels, Restaurants & Leisure — 0.1%** | **Hotels, Restaurants & Leisure — 0.1%** |
| &nbsp;&nbsp;&nbsp; McDonald's Corp., <br>4.95%, 03/03/2035 |  | 2408000 | 2435568  |
| **Multi-Utilities — 0.3%**<br>|  |  |  |
|  Dominion Energy, Inc., 3.38%, 04/01/2030 |  | 6090000 | 5875861  |
| **Oil & Gas — 0.1%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Chevron USA, Inc., <br>4.98%, 04/15/2035 |  | 2505000 | 2566235  |
|  **Oil, Gas & Consumable Fuels — 0.2%**<br>|  |  |  |
|  TransCanada PipeLines Ltd., 4.10%, 04/15/2030 |  | 4851000 | 4795455  |
| **Transportation — 0.3%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Canadian Pacific Railway Co., <br>5.20%, 03/30/2035 |  | 5215000 | 5367647  |
| &nbsp;&nbsp;&nbsp; **TOTAL CORPORATE BONDS**<br>**(Cost $244,907,234)** |  |  | 247881151  |
| **FOREIGN GOVERNMENT DEBT OBLIGATIONS — 5.9%** | **FOREIGN GOVERNMENT DEBT OBLIGATIONS — 5.9%** | **FOREIGN GOVERNMENT DEBT OBLIGATIONS — 5.9%** | **FOREIGN GOVERNMENT DEBT OBLIGATIONS — 5.9%** |
|  Brazil Letras do Tesouro Nacional, 14.99%, 01/01/2026<sup>(d)</sup> | BRL | 319435 | 58261517  |
|  Secretaria Tesouro Nacional, 10.00%, 01/01/2031 | BRL | 427896000 | 68790089  |
| &nbsp;&nbsp;&nbsp; **TOTAL FOREIGN GOVERNMENT** <br>**DEBT OBLIGATIONS**<br>**(Cost $123,989,012)** |  |  | 127051606  |

---

The accompanying notes are an integral part of these financial statements.

54<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON REAMS UNCONSTRAINED BOND FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
| **MEDIUM-TERM NOTES — 1.6%** | **MEDIUM-TERM NOTES — 1.6%** | **MEDIUM-TERM NOTES — 1.6%** | **MEDIUM-TERM NOTES — 1.6%** |
|  BNP Paribas Issuance BV, 03/18/2026<sup>(a)(e)</sup> |  | $2272000 | $2234739  |
|  BofA Finance LLC, 01/29/2026<sup>(f)</sup> |  | 2424000 | 2870743  |
|  Citigroup Global Markets Holdings, Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 01/12/2026<sup>(g)</sup> |  | 2395000 | 3006396  |
| &nbsp;&nbsp;&nbsp; 01/12/2026<sup>(h)</sup> | EUR | 1989000 | 1787183  |
| &nbsp;&nbsp;&nbsp; 03/04/2026<sup>(i)</sup> | EUR | 2357000 | 2434891  |
| &nbsp;&nbsp;&nbsp; 03/04/2026<sup>(j)</sup> | GBP | 2084000 | 2909712  |
| &nbsp;&nbsp;&nbsp; 03/18/2026<sup>(j)</sup> | GBP | 1773000 | 2403338  |
| &nbsp;&nbsp;&nbsp; 04/01/2026<sup>(k)</sup> |  | 2260000 | 2207365  |
|  GS Finance Corp., 01/06/2026<sup>(l)</sup> |  | 2347000 | 2968955  |
| Morgan Stanley Finance LLC<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 01/29/2026<sup>(a)(m)</sup> | EUR | 2330000 | 1944131  |
| &nbsp;&nbsp;&nbsp; 02/11/2026<sup>(a)(n)</sup> | GBP | 1924000 | 2881967  |
| &nbsp;&nbsp;&nbsp; 02/11/2026<sup>(a)(m)</sup> | EUR | 2134000 | 1780590  |
| &nbsp;&nbsp;&nbsp; 04/01/2026<sup>(a)(n)</sup> | GBP | 1763000 | 2322958  |
|  Nomura International Funding Pte Ltd., 02/24/2026<sup>(a)(o)</sup> |  | 1801000 | 1998119  |
| &nbsp;&nbsp;&nbsp; **TOTAL MEDIUM-TERM NOTES**<br>**(Cost $33,806,434)** |  |  | 33751087  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS — 95.5%**<br>**(Cost $2,060,980,813)** |  |  | $2065584228  |
|  Other Assets in Excess of Liabilities — 4.5% |  |  | 98410025  |
| &nbsp;&nbsp;&nbsp; **TOTAL NET** <br>**ASSETS — 100.0%** |  |  | $2163994253 |

---

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

LLC - Limited Liability Company

REMIC - Real Estate Mortgage Investment Conduit

SOFR - Secured Overnight Financing Rate

BRL - Brazilian Real

EUR - Euro

GBP - British Pound

<sup>(a)</sup> Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors.

&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(b)</sup> Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of December 31, 2025.

<sup>(c)</sup> Step coupon bond. The rate disclosed is as of December 31, 2025.

<sup>(d)</sup> Zero Coupon instrument. The rate shown is the annualized effective yield as of September 30, 2025.

<sup>(e)</sup> This security does not pay interest and does not guarantee full repayment of principal at maturity. Instead, the security offers a payment at maturity that may be greater than or less than the stated principal amount, depending on the performance of the Synthetic USD CMS 10Y10Y Rate from its initial underlying value to its final underlying value.

<sup>(f)</sup> This security does not pay interest and does not guarantee full repayment of principal at maturity. Instead, the security offers a payment at maturity that may be greater than or less than the stated principal amount, depending on the performance of the 5-Year U.S. Dollar SOFR ICE Swap Rate from its initial underlying value to its final underlying value.

<sup>(g)</sup> This security does not pay interest and does not guarantee full repayment of principal at maturity. Instead, the security offers a payment at maturity that may be greater than or less than the stated principal amount, depending on the performance of the SOFR CMS10 Rate from its initial underlying value to its final underlying value.

<sup>(h)</sup> This security does not pay interest and does not guarantee full repayment of principal at maturity. Instead, the security offers a payment at maturity that may be greater than or less than the stated principal amount, depending on the performance of the EUR CMS7 Rate from its initial underlying value to its final underlying value.

<sup>(i)</sup> This security does not pay interest and does not guarantee full repayment of principal at maturity. Instead, the security offers a payment at maturity that may be greater than or less than the stated principal amount, depending on the performance of the EUR CMS5 Rate from its initial underlying value to its final underlying value.

<sup>(j)</sup> This security does not pay interest and does not guarantee full repayment of principal at maturity. Instead, the security offers a payment at maturity that may be greater than or less than the stated principal amount, depending on the performance of the SONIA CMS7 Rate from its initial underlying value to its final underlying value.

<sup>(k)</sup> This security does not pay interest and does not guarantee full repayment of principal at maturity. Instead, the security offers a payment at maturity that may be greater than or less than the stated principal amount, depending on the performance of the Synthetic 10Y10Y SOFR CMS Rate from its initial underlying value to its final underlying value.

<sup>(l)</sup> This security does not pay interest and does not guarantee full repayment of principal at maturity. Instead, the security offers a payment at maturity that may be greater than or less than the stated principal amount, depending on the performance of the 10-year U.S. Dollar SOFR ICE swap Rate from its initial underlying value to its final underlying value.

The accompanying notes are an integral part of these financial statements.

55<br>

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**CARILLON REAMS UNCONSTRAINED BOND FUND** 

**SCHEDULE OF INVESTMENTS** 

**December 31, 2025(Continued)** 

<sup>(m)</sup> This security does not pay interest and does not guarantee full repayment of principal at maturity. Instead, the security offers a payment at maturity that may be greater than or less than the stated principal amount, depending on the performance of the EUR-EURIBOR ICE Swap Rate from its initial underlying value to its final underlying value.

<sup>(n)</sup> This security does not pay interest and does not guarantee full repayment of principal at maturity. Instead, the security offers a payment at maturity that may be greater than or less than the stated principal amount, depending on the performance of the GBP-SONIA ICE Swap Rate from its initial underlying value to its final underlying value.

<sup>(o)</sup> This security does not pay interest and does not guarantee full repayment of principal at maturity. Instead, the security offers a payment at maturity that may be greater than or less than the stated principal amount, depending on the performance of each of the 10Y USD SWAP Reference Rate and the 5Y USD SWAP Reference Rate (each, an "underlying") from its initial underlying value to its final underlying value. 

The accompanying notes are an integral part of these financial statements.

56<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON REAMS UNCONSTRAINED BOND FUND** 

**FUTURES CONTRACTS** 

**December 31, 2025 (Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Contracts** <br>**Purchased** | **Expiration** <br>**Date** | **Notional** | **Value &** <br>**Unrealized** <br>**Appreciation** <br>(Depreciation)  |
| Euro-BOBL | &nbsp;&nbsp;&nbsp;&nbsp; 874 | 03/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp; $119310676 | $(458837)  |
| Euro-Bund | &nbsp;&nbsp;&nbsp;&nbsp; 1858 | 03/06/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 278551521 | (2044756)  |
| U.S. Treasury 10 Year Notes | &nbsp;&nbsp;&nbsp;&nbsp; 3325 | 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 373854688 | (1131434)  |
| U.S. Treasury 2 Year Notes | &nbsp;&nbsp;&nbsp;&nbsp; 1850 | 03/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 386259765 | 169515  |
| U.S. Treasury Long Bonds | &nbsp;&nbsp;&nbsp;&nbsp; 149 | 03/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 17223469 | (89981)  |
|  |  |  |  | $(3555493) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Contracts** <br>**Sold** | **Expiration** <br>**Date** | **Notional** | **Value &** <br>**Unrealized** <br>**Appreciation** <br>(Depreciation)  |
| Euro-Schatz | &nbsp;&nbsp;&nbsp; (2094) | 03/06/2026 | &nbsp;&nbsp;&nbsp; $(262795868) | $248006  |
| U.S. Treasury 5 Year Note | &nbsp;&nbsp;&nbsp; (3363) | 03/31/2026 | &nbsp;&nbsp;&nbsp; (367591666) | (7970)  |
|  |  |  |  | $240036  |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | $(3315457) |

---

There is $427,020 of variation margin due from the fund to the broker as of the date of this report.

The accompanying notes are an integral part of these financial statements.

57<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON REAMS UNCONSTRAINED BOND FUND** 

**FORWARD CURRENCY CONTRACTS** 

**December 31, 2025 (Continued)** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement Date** | **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Unrealized** <br>**Appreciation** <br>(Depreciation)  |
| Barclays Capital, Inc. | &nbsp;&nbsp; 02/03/2026 | AUD | 65006921 | USD | 42688001 | $701657  |
| Barclays Capital, Inc. | &nbsp;&nbsp; 03/03/2026 | BRL | 49360427 | USD | 8741000 | 141189  |
| Barclays Capital, Inc. | &nbsp;&nbsp; 01/27/2026 | INR | 7806784543 | USD | 88183231 | (1518894)  |
| Barclays Capital, Inc. | &nbsp;&nbsp; 02/18/2026 | JPY | 8448172923 | USD | 55280000 | (1114661)  |
| Goldman Sachs | &nbsp;&nbsp; 01/05/2026 | BRL | 296220556 | USD | 53097540 | 889751  |
| Goldman Sachs | &nbsp;&nbsp; 03/03/2026 | BRL | 86364804 | USD | 15296700 | 244262  |
| Goldman Sachs | &nbsp;&nbsp; 03/03/2026 | CAD | 55085648 | USD | 39620244 | 621182  |
| Goldman Sachs | &nbsp;&nbsp; 01/05/2026 | USD | 51246571 | BRL | 296220556 | (2740720)  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 03/03/2026 | BRL | 49360427 | USD | 8741000 | 141189  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 01/12/2026 | GBP | 1763000 | USD | 2375736 | 674  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 02/03/2026 | USD | 10206000 | BRL | 55079741 | 242653  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 03/03/2026 | USD | 65953476 | BRL | 362955862 | 641185  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 02/27/2026 | USD | 63813589 | CHF | 51050033 | (1032439)  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 01/30/2026 | USD | 86087707 | CNY | 607078934 | (911280)  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 01/12/2026 | USD | 2314602 | EUR | 1989000 | (24217)  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 01/29/2026 | USD | 2730845 | EUR | 2330000 | (11260)  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 02/11/2026 | USD | 2479405 | EUR | 2134000 | (33471)  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 03/04/2026 | USD | 2755873 | EUR | 2357000 | (22188)  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 02/11/2026 | USD | 2535938 | GBP | 1924000 | (57323)  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 03/04/2026 | USD | 2778010 | GBP | 2084000 | (30712)  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 03/18/2026 | USD | 2380120 | GBP | 1773000 | (9308)  |
| J.P. Morgan Securities, Inc. | &nbsp;&nbsp; 04/01/2026 | USD | 2375140 | GBP | 1763000 | (672)  |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | $(3883403) |

---

AUD - Australian Dollars

BRL - Brazilian Real

CAD - Canadian Dollar

CHF - Swiss Franc

CNY - Chinese Yuan

EUR - Euro

GBP - British Pound

INR - Indian Rupee

JPY - Japanese Yen

USD - United States Dollar

The accompanying notes are an integral part of these financial statements.

58<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON REAMS UNCONSTRAINED BOND FUND** 

**INFLATION AND INTEREST RATE SWAP CONTRACTS** 

**December 31, 2025 (Continued)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Pay/ Receive Floating Rate** | **Floating Rate Index** | **Central Clearing Party** | **Fixed Rate** | **Payment Frequency** | **Maturity Date** | **Notional Amount** | **Notional Amount** | **Unrealized Appreciation (Depreciation)**  |
| Receive | Euro Short-Term Rate Volume Weighted Trimmed Mean | LCH Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 2.34% | &nbsp;&nbsp;&nbsp;&nbsp; Annually | 12/24/2034 | EUR | 267100000 | $8335751  |
| **Total Unrealized Appreciation (Depreciation)** | **Total Unrealized Appreciation (Depreciation)** | **Total Unrealized Appreciation (Depreciation)** | **Total Unrealized Appreciation (Depreciation)** | **Total Unrealized Appreciation (Depreciation)** | **Total Unrealized Appreciation (Depreciation)** | **Total Unrealized Appreciation (Depreciation)** | **Total Unrealized Appreciation (Depreciation)** | $8335751 |

---

EUR - Euro

The accompanying notes are an integral part of these financial statements.

59<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**CARILLON REAMS UNCONSTRAINED BOND FUND** 

**CREDIT DEFAULT SWAP CONTRACTS** 

**BUY PROTECTION** 

**December 31, 2025 (Continued)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Obligation** | **Financing** <br>**Rate** <br>**Received** <br>(Paid) | **Payment** <br>**Frequency** | **Rating of** <br>**Reference** <br>**Entity** | **Maturity** <br>**Date** | **Notional** <br>**Amount** | **Value** | **Premiums** <br>**Paid** <br>(Received) | **Net Unrealized** <br>**Appreciation** <br>(Depreciation)  |
| **Buy Protection:**<br>|  |  |  |  |  |  |  |  |
|  iTraxx Australia Series 44 Version 1 Index | &nbsp;&nbsp;&nbsp; (1.00%) | Quarterly | Baa2/BBB | 12/20/2030 | $97210000 | $(1582751) | $(1435896) | &nbsp;&nbsp;&nbsp; $(146855)  |
|  |  |  |  |  |  | $(1582751) | $(1435896) | &nbsp;&nbsp;&nbsp; $(146855) |

---

**Carillon Reams Unconstrained Bond Fund** 

**CREDIT DEFAULT SWAP CONTRACTS** 

**SELL PROTECTION** 

**December 31, 2025 (Continued)** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Obligation\*** | **Financing** <br>**Rate** <br>**Received** <br>(Paid) | **Payment** <br>**Frequency** | **Rating of** <br>**Reference** <br>**Entity** | **Maturity** <br>**Date** | **Notional** <br>**Amount<sup>(b)</sup>** | **Value<sup>(c)</sup>** | **Premiums** <br>**Paid** <br>(Received) | **Net Unrealized**<br>**Appreciation**<br>(Depreciation)  |
| **Sell Protection<sup>(a)</sup>:**<br>|  |  |  |  |  |  |  |  |
|  CDX North American Investment Grade Index Series 45 | &nbsp;&nbsp;&nbsp;&nbsp; 1.00% | Quarterly | Baa2/BBB | 12/20/2030 | $97210000 | $2214131 | $2056794 | &nbsp;&nbsp;&nbsp;&nbsp; $157337  |
|  CDX North American High Yield Index Series 45 | &nbsp;&nbsp;&nbsp;&nbsp; 5.00% | Quarterly | B2/B | 12/20/2030 | 118120000 | 9166452 | 8597115 | &nbsp;&nbsp;&nbsp;&nbsp; 569337  |
|  |  |  |  |  |  | $11380583 | $10653909 | &nbsp;&nbsp;&nbsp;&nbsp; $726674 |

---

\* Intercontinental Exchange is the central clearing party.

<sup>(a)</sup> If the fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation of underlying securities comprising the referenced index. 

<sup>(b)</sup> The maximum potential amount the fund could be required to pay as a seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement. 

<sup>(c)</sup> The prices and resulting values for credit default swap agreements on credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative should the notional amount of the swap agreement be closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. 

There is $87,101 of variation margin related to swap contracts due to the broker from the fund as of the date of this report

The accompanying notes are an integral part of these financial statements.

60<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**STATEMENTS OF ASSETS AND LIABILITIES** 

**December 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Carillon Chartwell** <br>**Mid Cap** <br>**Value Fund** | **Carillon Chartwell** <br>**Small Cap** <br>**Growth Fund** | **Carillon Chartwell** <br>**Small Cap** <br>**Value Fund**  |
| **ASSETS** <br>|  |  |  |
| Investments - unaffiliated, at value<sup>(a)(b)</sup> | &nbsp;&nbsp; $20590680 | $108300789 | &nbsp;&nbsp; $44334379  |
| Cash | &nbsp;&nbsp; 722628 | 5753127 | &nbsp;&nbsp; 840257  |
| Receivable for fund shares sold | &nbsp;&nbsp; 18406 | 41560 | &nbsp;&nbsp; 106360  |
| Receivable for dividends and interest, net | &nbsp;&nbsp; 15810 | 59108 | &nbsp;&nbsp; 81747  |
| Receivable for foreign tax reclaims | &nbsp;&nbsp; 1224 |  | &nbsp;&nbsp; 1408  |
| Prepaid expenses | &nbsp;&nbsp; 44 | 359 | &nbsp;&nbsp; 375  |
| &nbsp;&nbsp;&nbsp; **Total assets** | &nbsp;&nbsp; 21348792 | 114154943 | &nbsp;&nbsp; 45364526  |
| **LIABILITIES** <br>|  |  |  |
| Payable for securities lending collateral received | &nbsp;&nbsp; — | 862785 | &nbsp;&nbsp; —  |
| Payable for fund shares redeemed | &nbsp;&nbsp; — | 51432 | &nbsp;&nbsp; 1326204  |
| Accrued custody fees | &nbsp;&nbsp; 1164 | 2785 | &nbsp;&nbsp; 1794  |
| Accrued investment advisory fees, net | &nbsp;&nbsp; 6027 | 33600 | &nbsp;&nbsp; 25264  |
| Accrued administrative fees | &nbsp;&nbsp; 1846 | 9617 | &nbsp;&nbsp; 4022  |
| Accrued distribution fees | &nbsp;&nbsp; 15 | 131 | &nbsp;&nbsp; 12  |
| Accrued shareholder servicing fees | &nbsp;&nbsp; 1312 | 10433 | &nbsp;&nbsp; 2697  |
| Accrued professional fees | &nbsp;&nbsp; 638 | 3376 | &nbsp;&nbsp; 1408  |
| Accrued trustees fees | &nbsp;&nbsp; 373 | 1871 | &nbsp;&nbsp; 818  |
| Accrued compliance fees | &nbsp;&nbsp; 1082 | 1082 | &nbsp;&nbsp; 1082  |
| Other accrued expenses | &nbsp;&nbsp; 10061 | 14874 | &nbsp;&nbsp; 14307  |
| &nbsp;&nbsp;&nbsp; **Total liabilities** | &nbsp;&nbsp; 22518 | 991986 | &nbsp;&nbsp; 1377608  |
| Contingent Liabilities (Note 4)<br>|  |  |  |
| **NET ASSETS** | &nbsp;&nbsp; $21326274 | $113162957 | &nbsp;&nbsp; $43986918  |
| **Net Assets Consists of**<br>|  |  |  |
| Paid-in capital | &nbsp;&nbsp; $16780025 | $89897273 | &nbsp;&nbsp; $37433259  |
| Total distributable earnings (loss) | &nbsp;&nbsp; 4546249 | 23265684 | &nbsp;&nbsp; 6553659  |
| **Net assets** | &nbsp;&nbsp; $21326274 | $113162957 | &nbsp;&nbsp; $43986918  |
| **Net assets, at market value**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Class A | &nbsp;&nbsp; $13565 | $128971 | &nbsp;&nbsp; $10763  |
| &nbsp;&nbsp;&nbsp; Class C | &nbsp;&nbsp; 13896 | 161395 | &nbsp;&nbsp; 10985  |
| &nbsp;&nbsp;&nbsp; Class I | &nbsp;&nbsp; 21286593 | 111764155 | &nbsp;&nbsp; 43944324  |
| &nbsp;&nbsp;&nbsp; Class R-6 | &nbsp;&nbsp; 12220 | 1108436 | &nbsp;&nbsp; 20846  |
| **NAV, offering and redemption price per share<sup>(c)</sup>**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Class A | &nbsp;&nbsp; $16.68 | $19.17 | &nbsp;&nbsp; $12.33  |
| &nbsp;&nbsp;&nbsp; Class A maximum offering price<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;17.51 | 20.13 | &nbsp;&nbsp;&nbsp;&nbsp;12.94  |
| &nbsp;&nbsp;&nbsp; Class C | &nbsp;&nbsp;&nbsp;&nbsp;16.66 | 19.01 | &nbsp;&nbsp;&nbsp;&nbsp;12.35  |
| &nbsp;&nbsp;&nbsp; Class I | &nbsp;&nbsp;&nbsp;&nbsp;16.67 | 19.22 | &nbsp;&nbsp;&nbsp;&nbsp;12.32  |
| &nbsp;&nbsp;&nbsp; Class R-6 | &nbsp;&nbsp;&nbsp;&nbsp;16.68 | 19.22 | &nbsp;&nbsp;&nbsp;&nbsp;12.25  |

---

The accompanying notes are an integral part of the financial statements.

61<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**STATEMENTS OF ASSETS AND LIABILITIES** 

**December 31, 2025(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Carillon Chartwell** <br>**Mid Cap** <br>**Value Fund** | **Carillon Chartwell** <br>**Small Cap** <br>**Growth Fund** | **Carillon Chartwell** <br>**Small Cap** <br>**Value Fund**  |
| **Shares of beneficial interest outstanding**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Class A | &nbsp;&nbsp; 813 | &nbsp;&nbsp; 6729 | &nbsp;&nbsp; 873  |
| &nbsp;&nbsp;&nbsp; Class C | &nbsp;&nbsp; 834 | &nbsp;&nbsp; 8490 | &nbsp;&nbsp; 889  |
| &nbsp;&nbsp;&nbsp; Class I | &nbsp;&nbsp; 1277277 | &nbsp;&nbsp; 5814337 | &nbsp;&nbsp; 3566940  |
| &nbsp;&nbsp;&nbsp; Class R-6 | &nbsp;&nbsp; 733 | &nbsp;&nbsp; 57670 | &nbsp;&nbsp; 1702  |
| (a) Identified cost | &nbsp;&nbsp; $16816207 | &nbsp;&nbsp; $84195356 | &nbsp;&nbsp; $36838317  |
| (b) Includes securities on loan, at value | &nbsp;&nbsp; $— | &nbsp;&nbsp; $838149 | &nbsp;&nbsp; $—  |
| (c) NAV amounts may not recalculate due to rounding of net assets and / or shares outstanding. | (c) NAV amounts may not recalculate due to rounding of net assets and / or shares outstanding. | (c) NAV amounts may not recalculate due to rounding of net assets and / or shares outstanding. | (c) NAV amounts may not recalculate due to rounding of net assets and / or shares outstanding. |
| (d) The maximum offering price is computed as 100/95.25 of NAV. | (d) The maximum offering price is computed as 100/95.25 of NAV. | (d) The maximum offering price is computed as 100/95.25 of NAV. | (d) The maximum offering price is computed as 100/95.25 of NAV. |

---

The accompanying notes are an integral part of the financial statements.

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**[**TABLE OF CONTENTS**](#TOC)**

**STATEMENTS OF ASSETS AND LIABILITIES** 

**December 31, 2025(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Carillon** <br>**ClariVest Capital** <br>**Appreciation Fund** | **Carillon** <br>**ClariVest** <br>**International** <br>**Stock Fund** | **Carillon** <br>**Eagle Growth &** <br>**Income Fund** | **Carillon** <br>**Eagle Mid Cap** <br>**Growth Fund**  |
| **ASSETS**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments - unaffiliated, at <br>value<sup>(a)(b)</sup> | &nbsp;&nbsp; $582987993 | $877349863 | $486338906 | $5270638058  |
| Cash | &nbsp;&nbsp; 3508577 | 16584134 | 6883143 | 42237193  |
| Receivable for investments sold | &nbsp;&nbsp; — | 179911 |  | —  |
| Receivable for fund shares sold | &nbsp;&nbsp; 359452 | 980698 | 181337 | 5995596  |
|  Receivable for dividends and interest, net | &nbsp;&nbsp; 63311 | 1818980 | 232022 | 1272431  |
| Receivable for foreign tax reclaims | &nbsp;&nbsp; — | 1917426 | 22871 | 16885  |
| Prepaid expenses | &nbsp;&nbsp; 2296 | 2515 | 2975 | 35553  |
| &nbsp;&nbsp;&nbsp; **Total assets** | &nbsp;&nbsp; 586921629 | 898833527 | 493661254 | 5320195716  |
| **LIABILITIES**<br>|  |  |  |  |
|  Payable for securities lending collateral received | &nbsp;&nbsp; — | 330750 |  | 30142759  |
| Payable for investments purchased | &nbsp;&nbsp; — | 288 |  | —  |
| Payable for fund shares redeemed | &nbsp;&nbsp; 122062 | 356472 | 1466036 | 27656022  |
| Accrued custody fees | &nbsp;&nbsp; 2712 | 31224 | 2817 | 25562  |
| &nbsp;&nbsp;&nbsp; Accrued investment advisory fees, <br>net | &nbsp;&nbsp; 251159 | 479605 | 209077 | 2387470  |
| Accrued administrative fees | &nbsp;&nbsp; 49912 | 75017 | 43832 | 464754  |
| Accrued distribution fees | &nbsp;&nbsp; 60583 | 7282 | 64518 | 141465  |
| Accrued shareholder servicing fees | &nbsp;&nbsp; 37636 | 70310 | 34681 | 162892  |
| Accrued professional fees | &nbsp;&nbsp; 17313 | 26421 | 15359 | 162600  |
| Accrued trustees fees | &nbsp;&nbsp; 9757 | 14944 | 8776 | 91859  |
| Accrued compliance fees | &nbsp;&nbsp; 1082 | 1082 | 1082 | 1082  |
| Other accrued expenses | &nbsp;&nbsp; 42481 | 62527 | 42937 | 326541  |
| &nbsp;&nbsp;&nbsp; **Total liabilities** | &nbsp;&nbsp; 594697 | 1455922 | 1889115 | 61563006  |
| Contingent Liabilities (Note 4)<br>|  |  |  |  |
| **NET ASSETS** | &nbsp;&nbsp; $586326932 | $897377605 | $491772139 | $5258632710  |
| **Net Assets Consists of**<br>|  |  |  |  |
| Paid-in capital | &nbsp;&nbsp; $180044456  | $620183672 | $307283483 | $3644273427  |
| Total distributable earnings (loss) | &nbsp;&nbsp; 406282476 | 277193933 | 184488656 | 1614359283  |
| **Net assets** | &nbsp;&nbsp; $586326932 | $897377605 | $491772139 | $5258632710  |
| **Net assets, at market value**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Class A | &nbsp;&nbsp; $252291238 | $27911133 | $189263802 | $521779649  |
| &nbsp;&nbsp;&nbsp; Class C | &nbsp;&nbsp; 8112637 | 1755317 | 24732883 | 28685642  |
| &nbsp;&nbsp;&nbsp; Class I | &nbsp;&nbsp; 324253162 | 843285858 | 263181834 | 1480831832  |
| &nbsp;&nbsp;&nbsp; Class R-6 | &nbsp;&nbsp; 1669895 | 24425297 | 14593620 | 3227335587  |

---

The accompanying notes are an integral part of the financial statements.

63<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**STATEMENTS OF ASSETS AND LIABILITIES** 

**December 31, 2025(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Carillon** <br>**ClariVest Capital** <br>**Appreciation Fund** | **Carillon** <br>**ClariVest** <br>**International** <br>**Stock Fund** | **Carillon** <br>**Eagle Growth &** <br>**Income Fund** | **Carillon** <br>**Eagle Mid Cap** <br>**Growth Fund**  |
|  **NAV, offering and redemption price per share<sup>(c)</sup>**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Class A | &nbsp;&nbsp; $64.53 | $31.40 | $19.17 | $64.82  |
| &nbsp;&nbsp;&nbsp; Class A maximum offering price<sup>(d)</sup> | 67.75 | 32.97 | 20.13 | 68.05  |
| &nbsp;&nbsp;&nbsp; Class C | 32.60 | 30.80 | 18.01 | 46.03  |
| &nbsp;&nbsp;&nbsp; Class I | 70.81 | 31.73 | 19.09 | 70.98  |
| &nbsp;&nbsp;&nbsp; Class R-6 | 69.35 | 31.38 | 19.04 | 72.03  |
|  **Shares of beneficial interest outstanding**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Class A | &nbsp;&nbsp; 3909920 | 888752 | 9870354 | 8049459  |
| &nbsp;&nbsp;&nbsp; Class C | &nbsp;&nbsp; 248885 | 56994 | 1372957 | 623218  |
| &nbsp;&nbsp;&nbsp; Class I | &nbsp;&nbsp; 4578966 | 26580996 | 13785889 | 20862484  |
| &nbsp;&nbsp;&nbsp; Class R-6 | &nbsp;&nbsp; 24078 | 778368 | 766372 | 44808476  |
| (a) Identified cost | &nbsp;&nbsp; $178895365 | $584278412 | $309249528 | $3647175629  |
| &nbsp;&nbsp;&nbsp; (b) Includes securities on loan, <br>at value | &nbsp;&nbsp; $— | $321930 | $— | $28868282  |
| (c) NAV amounts may not recalculate due to rounding of net assets and / or shares outstanding.  | (c) NAV amounts may not recalculate due to rounding of net assets and / or shares outstanding.  | (c) NAV amounts may not recalculate due to rounding of net assets and / or shares outstanding.  | (c) NAV amounts may not recalculate due to rounding of net assets and / or shares outstanding.  | (c) NAV amounts may not recalculate due to rounding of net assets and / or shares outstanding.  |
| (d) The maximum offering price is computed as 100/95.25 of NAV.  | (d) The maximum offering price is computed as 100/95.25 of NAV.  | (d) The maximum offering price is computed as 100/95.25 of NAV.  | (d) The maximum offering price is computed as 100/95.25 of NAV.  | (d) The maximum offering price is computed as 100/95.25 of NAV.  |

---

The accompanying notes are an integral part of the financial statements.

64<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**STATEMENTS OF ASSETS AND LIABILITIES** 

**December 31, 2025(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Carillon** <br>**Eagle Small Cap** <br>**Growth Fund** | **Carillon** <br>**Scout Mid** <br>**Cap Fund** | **Carillon** <br>**Chartwell Small** <br>**Cap Fund** | **Carillon** <br>**Chartwell Real** <br>**Income Fund**  |
| **ASSETS**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments - unaffiliated, at <br>value<sup>(a)(b)</sup> | $415066385 | $3199453322 | $189384547 | $257568184  |
| Cash | 3020591 | 16575481 | 7487806 | 3596507  |
| Receivable for fund shares sold | 101272 | 3238811 | 13300 | 135048  |
|  Receivable for dividends and interest, net | 75433 | 2366411 | 100797 | 1187650  |
| Receivable for foreign tax reclaims |  | 13454 |  | 72513  |
| Prepaid expenses | 2215 | 15208 | 1170 | 887  |
| &nbsp;&nbsp;&nbsp; **Total assets** | 418265896 | 3221662687 | 196987620 | 262560789  |
| **LIABILITIES**<br>|  |  |  |  |
|  Payable for securities lending collateral received |  | 10169881 | 7686926 | 1755075  |
| Payable for fund shares redeemed | 1444530 | 3062118 | 795414 | 84166  |
| Accrued custody fees | 3210 | 15041 | 2000 | 2869  |
| &nbsp;&nbsp;&nbsp; Accrued investment advisory fees, <br>net | 217526 | 1888945 | 105175 | 68571  |
| Accrued administrative fees | 36390 | 277797 | 17529 | 22290  |
| Accrued distribution fees | 32299 | 22948 | 3991 | 68  |
| Accrued shareholder servicing fees | 34015 | 233577 | 18475 | 18421  |
| Accrued professional fees | 12591 | 95889 | 6169 | 7708  |
| Accrued trustees fees | 7155 | 55469 | 3427 | 4496  |
| Accrued compliance fees | 1082 | 1082 | 1082 | 1082  |
| Other accrued expenses | 48691 | 190513 | 27445 | 29173  |
| &nbsp;&nbsp;&nbsp; **Total liabilities** | 1837489 | 16013260 | 8667633 | 1993919  |
| Contingent Liabilities (Note 4)<br>|  |  |  |  |
| **NET ASSETS** | $416428407 | $3205649427 | $188319987 | $260566870  |
| **Net Assets Consists of**<br>|  |  |  |  |
| Paid-in capital | $283930043 | $2367671880 | $140883355 | $258474545  |
| Total distributable earnings (loss) | 132498364 | 837977547 | 47436632 | 2092325  |
| **Net assets** | $416428407 | $3205649427 | $188319987 | $260566870  |
| **Net assets, at market value**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Class A | $124860308 | $34702889 | $14898706 | $297660  |
| &nbsp;&nbsp;&nbsp; Class C | 5735256 | 17798442 | 860831 | 11873  |
| &nbsp;&nbsp;&nbsp; Class I | 168172514 | 2691887632 | 168656862 | 259894205  |
| &nbsp;&nbsp;&nbsp; Class R-6 | 117660329 | 461260464 | 3903588 | 363132  |
|  **NAV, offering and redemption price per share<sup>(c)</sup>**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Class A | $21.06 | $24.11 | $20.79 | $14.33  |
| &nbsp;&nbsp;&nbsp; Class A maximum offering price<sup>(d)</sup> | 22.11 | 25.31 | 21.83 | 14.89  |
| &nbsp;&nbsp;&nbsp; Class C | 2.68 | 23.09 | 19.34 | 14.34  |
| &nbsp;&nbsp;&nbsp; Class I | 25.44 | 24.30 | 21.26 | 14.33  |
| &nbsp;&nbsp;&nbsp; Class R-6 | 26.71 | 24.26 | 21.45 | 14.35  |

---

The accompanying notes are an integral part of the financial statements.

65<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**STATEMENTS OF ASSETS AND LIABILITIES** 

**December 31, 2025(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Carillon** <br>**Eagle Small Cap** <br>**Growth Fund** | **Carillon** <br>**Scout Mid** <br>**Cap Fund** | **Carillon** <br>**Chartwell Small** <br>**Cap Fund** | **Carillon** <br>**Chartwell Real** <br>**Income Fund**  |
|  **Shares of beneficial interest outstanding**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Class A | 5927615 | 1439501 | 716593 | 20772  |
| &nbsp;&nbsp;&nbsp; Class C | 2138523 | 770748 | 44516 | 828  |
| &nbsp;&nbsp;&nbsp; Class I | 6610326 | 110767522 | 7931669 | 18132342  |
| &nbsp;&nbsp;&nbsp; Class R-6 | 4405583 | 19010450 | 181968 | 25314  |
| (a) Identified cost | $287561315 | $2400902877 | $146217672 | $244036103  |
| &nbsp;&nbsp;&nbsp; (b) Includes securities on loan, <br>at value | $— | $9739885 | $7474115 | $1717481  |
| (c) NAV amounts may not recalculate due to rounding of net assets and / or shares outstanding.  | (c) NAV amounts may not recalculate due to rounding of net assets and / or shares outstanding.  | (c) NAV amounts may not recalculate due to rounding of net assets and / or shares outstanding.  | (c) NAV amounts may not recalculate due to rounding of net assets and / or shares outstanding.  | (c) NAV amounts may not recalculate due to rounding of net assets and / or shares outstanding.  |
| (d) The maximum offering price is computed as 100/95.25 of NAV except for Carillon Chartwell Real Income Fund which is computed as 100/96.25 of NAV.  | (d) The maximum offering price is computed as 100/95.25 of NAV except for Carillon Chartwell Real Income Fund which is computed as 100/96.25 of NAV.  | (d) The maximum offering price is computed as 100/95.25 of NAV except for Carillon Chartwell Real Income Fund which is computed as 100/96.25 of NAV.  | (d) The maximum offering price is computed as 100/95.25 of NAV except for Carillon Chartwell Real Income Fund which is computed as 100/96.25 of NAV.  | (d) The maximum offering price is computed as 100/95.25 of NAV except for Carillon Chartwell Real Income Fund which is computed as 100/96.25 of NAV.  |

---

The accompanying notes are an integral part of the financial statements.

66<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**STATEMENTS OF ASSETS AND LIABILITIES** 

**December 31, 2025(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Carillon** <br>**Chartwell Short** <br>**Duration High** <br>**Yield Fund** | **Carillon** <br>**Reams Core** <br>**Bond Fund** | **Carillon** <br>**Reams Core Plus** <br>**Bond Fund** | **Carillon** <br>**Reams** <br>**Unconstrained** <br>**Bond Fund**  |
| **Assets**<br>|  |  |  |  |
| Investments - unaffiliated, at value<sup>(a)</sup> | $279851174 | $536240854 | $2321572990 | $2065584228  |
|  Unrealized appreciation - open forward contracts |  |  | 1572099 | 3623742  |
| Cash | 14917816 | 12820555 | 40239606 | 56221201  |
| &nbsp;&nbsp;&nbsp; Deposit at broker - open swap <br>contracts |  |  | 3789514 | 16175343  |
|  Deposit at broker - open futures contracts |  |  |  | 10794359  |
|  Segregated cash - open forward contracts and/or TBA transactions |  | 260000 | 1458000 | 5650000  |
| Receivable for investments sold |  | 98176051 | 365161530 | 2068253  |
| Receivable for fund shares sold | 311155 | 366796 | 1607631 | 3236883  |
|  Receivable for dividends and interest, net | 3336138 | 3336397 | 17484203 | 16652048  |
| Prepaid expenses | 1254 | 2259 | 8621 | 7909  |
| &nbsp;&nbsp;&nbsp; **Total assets** | 298417537 | 651202912 | 2752894194 | 2180013966  |
| **LIABILITIES**<br>|  |  |  |  |
|  Unrealized depreciation - open forward contracts |  |  | 1358038 | 7507145  |
|  Variation margin payable - open futures contracts |  |  |  | 427020  |
|  Variation margin payable - open swap contracts |  |  | 17148 | 87101  |
| Payable for investments purchased |  | 177834043 | 707852189 | 5691302  |
| Payable for fund shares redeemed | 204049 | 308798 | 969286 | 1117756  |
| Accrued custody fees | 1373 | 4557 | 17272 | 29302  |
| &nbsp;&nbsp;&nbsp; Accrued investment advisory fees, <br>net | 54832 | 62112 | 415363 | 590420  |
| Accrued administrative fees | 25206 | 40443 | 174103 | 183831  |
| Accrued distribution fees | 279 | 4312 | 6945 | 14786  |
| Accrued shareholder servicing fees | 11749 | 34386 | 129948 | 156684  |
| Accrued professional fees | 8681 | 13997 | 60138 | 63130  |
| Accrued trustees fees | 5088 | 8205 | 35277 | 37255  |
| Accrued compliance fees | 1082 | 1482 | 1882 | 1882  |
| Other accrued expenses | 25762 | 53772 | 131308 | 112099  |
| &nbsp;&nbsp;&nbsp; **Total liabilities** | 338101 | 178366107 | 711168897 | 16019713  |
| Contingent Liabilities (Note 4)<br>|  |  |  |  |
| **NET ASSETS** | $298079436 | $472836805 | $2041725297 | $2163994253  |
| **Net Assets Consists of**<br>|  |  |  |  |
| Paid-in capital | $296796732 | $542697276 | $2191062075 | $2162036255  |
| Total distributable earnings (loss) | 1282704 | (69860471) | (149336778) | 1957998  |
| **Net assets** | $298079436 | $472836805 | $2041725297 | $2163994253  |

---

The accompanying notes are an integral part of the financial statements.

67<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**STATEMENTS OF ASSETS AND LIABILITIES** 

**December 31, 2025(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Carillon** <br>**Chartwell Short** <br>**Duration High** <br>**Yield Fund** | **Carillon** <br>**Reams Core** <br>**Bond Fund** | **Carillon** <br>**Reams Core Plus** <br>**Bond Fund** | **Carillon** <br>**Reams** <br>**Unconstrained** <br>**Bond Fund**  |
| **Net assets, at market value**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Class A | $13940 | $12979195 | $18783582 | $55628289  |
| &nbsp;&nbsp;&nbsp; Class C | 281971 | 1815367 | 3443447 | 3636520  |
| &nbsp;&nbsp;&nbsp; Class I | 200198493 | 422095382 | 1615940099 | 1796408648  |
| &nbsp;&nbsp;&nbsp; Class R-6 | 97585032 | 35946861 | 403558169 | 308320796  |
|  **NAV, offering and redemption price per share<sup>(b)</sup>**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Class A | $9.63 | $10.89 | $30.15 | $12.58  |
| &nbsp;&nbsp;&nbsp; Class A maximum offering price<sup>(c)</sup> | 10.01 | 11.31 | 31.32 | 13.07  |
| &nbsp;&nbsp;&nbsp; Class C | 9.63 | 10.84 | 29.89 | 12.44  |
| &nbsp;&nbsp;&nbsp; Class I | 9.63 | 10.90 | 30.27 | 12.62  |
| &nbsp;&nbsp;&nbsp; Class R-6 | 9.63 | 10.92 | 30.27 | 12.62  |
|  **Shares of beneficial interest outstanding**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Class A | 1447 | 1191466 | 623023 | 4420209  |
| &nbsp;&nbsp;&nbsp; Class C | 29270 | 167409 | 115187 | 292244  |
| &nbsp;&nbsp;&nbsp; Class I | 20795119 | 38723408 | 53385988 | 142347613  |
| &nbsp;&nbsp;&nbsp; Class R-6 | 10128815 | 3291622 | 13329779 | 24437051  |
| (a) Identified cost | $275650516 | $536608432 | $2319674240 | $2060980813  |
| (b) NAV amounts may not recalculate due to rounding of net assets and / or shares outstanding.  | (b) NAV amounts may not recalculate due to rounding of net assets and / or shares outstanding.  | (b) NAV amounts may not recalculate due to rounding of net assets and / or shares outstanding.  | (b) NAV amounts may not recalculate due to rounding of net assets and / or shares outstanding.  | (b) NAV amounts may not recalculate due to rounding of net assets and / or shares outstanding.  |
| (c) The maximum offering price is computed as 100/96.25 of NAV.  | (c) The maximum offering price is computed as 100/96.25 of NAV.  | (c) The maximum offering price is computed as 100/96.25 of NAV.  | (c) The maximum offering price is computed as 100/96.25 of NAV.  | (c) The maximum offering price is computed as 100/96.25 of NAV.  |

---

The accompanying notes are an integral part of the financial statements.

68<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**STATEMENTS OF OPERATIONS** 

**January 1, 2025 to December 31, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Carillon Chartwell** <br>**Mid Cap** <br>**Value Fund** | **Carillon Chartwell** <br>**Small Cap** <br>**Growth Fund** | **Carillon Chartwell** <br>**Small Cap** <br>**Value Fund**  |
| **INVESTMENT INCOME**<br>|  |  |  |
| Dividends | &nbsp;&nbsp;&nbsp; $360891 | &nbsp;&nbsp; $338686 | &nbsp;&nbsp; $1021890  |
| Less: foreign taxes withheld | &nbsp;&nbsp;&nbsp; (2505) | &nbsp;&nbsp; — | &nbsp;&nbsp; (2250)  |
| Interest | &nbsp;&nbsp;&nbsp; 12842 | &nbsp;&nbsp; 106641 | &nbsp;&nbsp; 36111  |
| Securities lending, net (Note 7) | &nbsp;&nbsp;&nbsp; 357 | &nbsp;&nbsp; 4161 | &nbsp;&nbsp; 220  |
| &nbsp;&nbsp;&nbsp; **Total investment income** | &nbsp;&nbsp;&nbsp; 371585 | &nbsp;&nbsp; 449488 | &nbsp;&nbsp; 1055971  |
| **EXPENSES**<br>|  |  |  |
| Investment advisory fees | &nbsp;&nbsp;&nbsp; 138855 | &nbsp;&nbsp; 440067 | &nbsp;&nbsp; 478490  |
| Administrative fees:<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Class A | &nbsp;&nbsp;&nbsp; 12 | &nbsp;&nbsp; 46 | &nbsp;&nbsp; 10  |
| &nbsp;&nbsp;&nbsp; Class C | &nbsp;&nbsp;&nbsp; 12 | &nbsp;&nbsp; 58 | &nbsp;&nbsp; 10  |
| &nbsp;&nbsp;&nbsp; Class I | &nbsp;&nbsp;&nbsp; 21328 | &nbsp;&nbsp; 72645 | &nbsp;&nbsp; 59632  |
| &nbsp;&nbsp;&nbsp; Class R-6 | &nbsp;&nbsp;&nbsp; 11 | &nbsp;&nbsp; 219 | &nbsp;&nbsp; 158  |
| Distribution and service fees:<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Class A | &nbsp;&nbsp;&nbsp; 29 | &nbsp;&nbsp; 114 | &nbsp;&nbsp; 26  |
| &nbsp;&nbsp;&nbsp; Class C | &nbsp;&nbsp;&nbsp; 119 | &nbsp;&nbsp; 581 | &nbsp;&nbsp; 105  |
| Shareholder servicing fees:<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Class A | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 46 | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Class C | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 42 | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Class I | &nbsp;&nbsp;&nbsp; 20455 | &nbsp;&nbsp; 72561 | &nbsp;&nbsp; 59535  |
| Custodian fees | &nbsp;&nbsp;&nbsp; 6310 | &nbsp;&nbsp; 15534 | &nbsp;&nbsp; 12836  |
| Professional fees | &nbsp;&nbsp;&nbsp; 2501 | &nbsp;&nbsp; 531667 | &nbsp;&nbsp; 6353  |
| State registration fees | &nbsp;&nbsp;&nbsp; 59693 | &nbsp;&nbsp; 71079 | &nbsp;&nbsp; 58263  |
| Trustees compensation | &nbsp;&nbsp;&nbsp; 1242 | &nbsp;&nbsp; 5755 | &nbsp;&nbsp; 2960  |
| Compliance fees | &nbsp;&nbsp;&nbsp; 3235 | &nbsp;&nbsp; 3235 | &nbsp;&nbsp; 3235  |
| Printing and mailing expense | &nbsp;&nbsp;&nbsp; 20792 | &nbsp;&nbsp; 123371 | &nbsp;&nbsp; 24724  |
| Interest expense on line of credit | &nbsp;&nbsp;&nbsp; 28 | &nbsp;&nbsp; 713 | &nbsp;&nbsp; 1743  |
| Other expenses | &nbsp;&nbsp;&nbsp; 10184 | &nbsp;&nbsp; 19697 | &nbsp;&nbsp; 21499  |
| &nbsp;&nbsp;&nbsp; Total expenses before adjustments | &nbsp;&nbsp;&nbsp; 284806 | &nbsp;&nbsp; 1357430 | &nbsp;&nbsp; 729579  |
| &nbsp;&nbsp;&nbsp; Recovered fees previously waived by Manager | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 2  |
| &nbsp;&nbsp;&nbsp; Fees and expenses waived | &nbsp;&nbsp;&nbsp; (92397) | &nbsp;&nbsp; (662200) | &nbsp;&nbsp; (101580)  |
| &nbsp;&nbsp;&nbsp; Total expenses after adjustments | &nbsp;&nbsp;&nbsp; 192409 | &nbsp;&nbsp; 695230 | &nbsp;&nbsp; 628001  |
| **Net investment income (loss)** | &nbsp;&nbsp;&nbsp; 179176 | &nbsp;&nbsp; (245742) | &nbsp;&nbsp; 427970  |
| **REALIZED AND UNREALIZED GAIN (LOSS)**<br>|  |  |  |
| Net realized gain (loss) on:<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Investments | &nbsp;&nbsp;&nbsp; 2954130 | &nbsp;&nbsp; 128757 | &nbsp;&nbsp; 7547754  |
| Net realized gain (loss) | &nbsp;&nbsp;&nbsp; 2954130 | &nbsp;&nbsp; 128757 | &nbsp;&nbsp; 7547754  |
|  Net change in unrealized appreciation (depreciation) on investments and foreign currency translations | &nbsp;&nbsp;&nbsp; (814859) | &nbsp;&nbsp; 17409870 | &nbsp;&nbsp; (10094216)  |
| **Net gain (loss) on investments** | &nbsp;&nbsp;&nbsp; 2139271 | &nbsp;&nbsp; 17538627 | &nbsp;&nbsp; (2546462)  |
|  **NET INCREASE (DECREASE) IN ASSETS RESULTING FROM OPERATIONS** | &nbsp;&nbsp;&nbsp; $2318447 | &nbsp;&nbsp; $17292885 | &nbsp;&nbsp; $(2118492) |

---

The accompanying notes are an integral part of the financial statements.

69<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**STATEMENTS OF OPERATIONS** 

**January 1, 2025 to December 31, 2025(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Carillon** <br>**ClariVest Capital** <br>**Appreciation Fund** | **Carillon** <br>**ClariVest** <br>**International** <br>**Stock Fund** | **Carillon** <br>**Eagle Growth &** <br>**Income Fund** | **Carillon** <br>**Eagle Mid Cap** <br>**Growth Fund**  |
| **INVESTMENT INCOME**<br>|  |  |  |  |
| Dividends | &nbsp;&nbsp;&nbsp; $3240569 | $21055365 | $11364827 | $26110830  |
| Less: foreign taxes withheld | &nbsp;&nbsp;&nbsp; — | (2236756) | (72487) | (360517)  |
| Interest | &nbsp;&nbsp;&nbsp; 57006 | 613364 | 373846 | 1095406  |
| Securities lending, net (Note 7) | &nbsp;&nbsp;&nbsp; 22 | 167377 | 39 | 46311  |
|  Non-recurring income and associated expense amounts:<br>|  |  |  |  |
|  Foreign withholding tax claims and interest | &nbsp;&nbsp;&nbsp; — | 2440696 |  | —  |
|  Less: related expenses for withholding tax claims | &nbsp;&nbsp;&nbsp; — | (8815) |  | —  |
| &nbsp;&nbsp;&nbsp; **Total investment income** | &nbsp;&nbsp;&nbsp; 3297597 | 22031231 | 11666225 | 26892030  |
| **EXPENSES**<br>|  |  |  |  |
| Investment advisory fees | &nbsp;&nbsp;&nbsp; 2758229 | 4850690 | 2501450 | 29733720  |
| Administrative fees:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Class A | &nbsp;&nbsp;&nbsp; 226929 | 23453 | 198236 | 557900  |
| &nbsp;&nbsp;&nbsp; Class C | &nbsp;&nbsp;&nbsp; 8314 | 1423 | 28228 | 41288  |
| &nbsp;&nbsp;&nbsp; Class I | &nbsp;&nbsp;&nbsp; 284817 | 648935 | 286549 | 1756596  |
| &nbsp;&nbsp;&nbsp; Class R-6 | &nbsp;&nbsp;&nbsp; 513 | 19144 | 12522 | 3440960  |
| Distribution and service fees:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Class A | &nbsp;&nbsp;&nbsp; 567324 | 58632 | 495591 | 1394749  |
| &nbsp;&nbsp;&nbsp; Class C | &nbsp;&nbsp;&nbsp; 83141 | 14231 | 282284 | 412884  |
| Shareholder servicing fees:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Class A | &nbsp;&nbsp;&nbsp; 179132 | 24543 | 171042 | 825811  |
| &nbsp;&nbsp;&nbsp; Class C | &nbsp;&nbsp;&nbsp; 5202 | 905 | 21169 | 37098  |
| &nbsp;&nbsp;&nbsp; Class I | &nbsp;&nbsp;&nbsp; 202343 | 593512 | 224992 | 1638920  |
| Custodian fees | &nbsp;&nbsp;&nbsp; 13619 | 157565 | 14442 | 153771  |
| Professional fees | &nbsp;&nbsp;&nbsp; 63133 | 90160 | 59858 | 647578  |
| State registration fees | &nbsp;&nbsp;&nbsp; 68573 | 101020 | 66674 | 126332  |
| Trustees compensation | &nbsp;&nbsp;&nbsp; 33431 | 48033 | 30669 | 335323  |
| Compliance fees | &nbsp;&nbsp;&nbsp; 3235 | 3235 | 3235 | 3235  |
| Interest expense on line of credit | &nbsp;&nbsp;&nbsp; 2017 | 124 | 803 | 43977  |
| Other expenses | &nbsp;&nbsp;&nbsp; 143815 | 226234 | 149023 | 1172528  |
| &nbsp;&nbsp;&nbsp; Total expenses before adjustments | &nbsp;&nbsp;&nbsp; 4643767 | 6861839 | 4546767 | 42322670  |
| &nbsp;&nbsp;&nbsp; Recovered fees previously waived by Manager | &nbsp;&nbsp;&nbsp; — | 791 |  |  |
| &nbsp;&nbsp;&nbsp; Fees and expenses waived | &nbsp;&nbsp;&nbsp; (167881) | (214519) |  | —  |
| &nbsp;&nbsp;&nbsp; Total expenses after adjustments | &nbsp;&nbsp;&nbsp; 4475886 | 6648111 | 4546767 | 42322670  |
| **Net investment income (loss)** | &nbsp;&nbsp;&nbsp; (1178289) | 15383120 | 7119458 | (15430640)  |

---

The accompanying notes are an integral part of the financial statements.

70<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**STATEMENTS OF OPERATIONS** 

**January 1, 2025 to December 31, 2025(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Carillon** <br>**ClariVest Capital** <br>**Appreciation Fund** | **Carillon** <br>**ClariVest** <br>**International** <br>**Stock Fund** | **Carillon** <br>**Eagle Growth &** <br>**Income Fund** | **Carillon** <br>**Eagle Mid Cap** <br>**Growth Fund**  |
| **REALIZED AND UNREALIZED GAIN (LOSS)** | **REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |
| Net realized gain (loss) on:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments | &nbsp;&nbsp; $16803570 | $4176454 | $89565532 | $731294639  |
| &nbsp;&nbsp;&nbsp; Foreign currency transactions | &nbsp;&nbsp; — | (51735) |  | —  |
| Net realized gain (loss) | &nbsp;&nbsp; 16803570 | 4124719 | 89565532 | 731294639  |
|  Net change in unrealized appreciation (depreciation) on investments and foreign currency translations | &nbsp;&nbsp; 95428161 | 210657192 | (34902915) | (445159241)  |
| **Net gain (loss) on investments** | &nbsp;&nbsp; 112231731 | 214781911 | 54662617 | 286135398  |
|  **NET INCREASE (DECREASE) IN ASSETS RESULTING FROM OPERATIONS** | &nbsp;&nbsp; $111053442 | $230165031 | $61782075 | $270704758 |

---

The accompanying notes are an integral part of the financial statements.

71<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**STATEMENTS OF OPERATIONS** 

**January 1, 2025 to December 31, 2025(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Carillon** <br>**Eagle Small Cap** <br>**Growth Fund** | **Carillon** <br>**Scout Mid** <br>**Cap Fund** | **Carillon** <br>**Chartwell Small** <br>**Cap Fund** | **Carillon** <br>**Chartwell Real** <br>**Income Fund**  |
| **INVESTMENT INCOME**<br>|  |  |  |  |
| Dividends | $2303791 | $44628391 | $886875 | $608911  |
| Less: foreign taxes withheld | (19671) | (106296) | (43) | (57525)  |
| Interest | 104631 | 447940 | 234501 | 11321957  |
| Securities lending, net (Note 7) | 29565 | 135687 | 17619 | 54321  |
| &nbsp;&nbsp;&nbsp; **Total investment income** | 2418316 | 45105722 | 1138952 | 11927664  |
| **EXPENSES**<br>|  |  |  |  |
| Investment advisory fees | 2521461 | 22638421 | 1327415 | 837323  |
| Administrative fees:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Class A | 125837 | 33775 | 13726 | 131  |
| &nbsp;&nbsp;&nbsp; Class C | 6558 | 18260 | 935 | 11  |
| &nbsp;&nbsp;&nbsp; Class I | 169955 | 2603713 | 203497 | 251719  |
| &nbsp;&nbsp;&nbsp; Class R-6 | 117894 | 435455 | 3077 | 170  |
| Distribution and service fees:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Class A | 314592 | 84437 | 34316 | 328  |
| &nbsp;&nbsp;&nbsp; Class C | 65578 | 182599 | 9351 | 112  |
| Shareholder servicing fees:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Class A | 191836 | 41356 | 12367 | 166  |
| &nbsp;&nbsp;&nbsp; Class C | 5784 | 19849 | 724 | —  |
| &nbsp;&nbsp;&nbsp; Class I | 160648 | 2703713 | 195463 | 211235  |
| Custodian fees | 17435 | 83706 | 12115 | 15437  |
| Professional fees | 47996 | 358620 | 25222 | 30164  |
| State registration fees | 64428 | 100916 | 60114 | 63863  |
| Trustees compensation | 24173 | 187174 | 12435 | 15419  |
| Compliance fees | 3235 | 3235 | 3234 | 3235  |
| Interest expense on line of credit | 3728 | 22918 | 5590 | 241  |
| Other expenses | 163405 | 671131 | 92364 | 99425  |
| &nbsp;&nbsp;&nbsp; Total expenses before adjustments | 4004543 | 30189278 | 2011945 | 1528979  |
| &nbsp;&nbsp;&nbsp; Recovered fees previously waived by Manager |  |  | 454 | —  |
| &nbsp;&nbsp;&nbsp; Fees and expenses waived |  | (967594) |  | (69375)  |
| &nbsp;&nbsp;&nbsp; Total expenses after adjustments | 4004543 | 29221684 | 2012399 | 1459604  |
| **Net investment income (loss)** | (1586227) | 15884038 | (873447) | 10468060  |
| **REALIZED AND UNREALIZED GAIN (LOSS)** | **REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |
| Net realized gain (loss) on:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments | 44457245 | 366082552 | 79089261 | 15267410  |
| &nbsp;&nbsp;&nbsp; Foreign currency translations |  |  |  | (9455)  |
| Net realized gain (loss) | 44457245 | 366082552 | 79089261 | 15257955  |
|  Net change in unrealized appreciation (depreciation) on investments and foreign currency translations | 1315800 | 58736867 | (52142493) | 5747839  |
| **Net gain (loss) on investments** | 45773045 | 424819419 | 26946768 | 21005794  |
|  **NET INCREASE (DECREASE) IN ASSETS RESULTING FROM OPERATIONS** | $44186818 | $440703457 | $26073321 | $31473854 |

---

The accompanying notes are an integral part of the financial statements.

72<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**STATEMENTS OF OPERATIONS** 

**January 1, 2025 to December 31, 2025(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Carillon** <br>**Chartwell Short** <br>**Duration High** <br>**Yield Fund** | **Carillon** <br>**Reams Core** <br>**Bond Fund** | **Carillon** <br>**Reams Core Plus** <br>**Bond Fund** | **Carillon** <br>**Reams** <br>**Unconstrained** <br>**Bond Fund**  |
| **INVESTMENT INCOME**<br>|  |  |  |  |
| Interest | $15886972 | $23344171 | &nbsp;&nbsp; $91120957 | $91638145  |
| Securities lending, net (Note 7) | 1807 | 1377 | &nbsp;&nbsp; 7362 | 28049  |
| &nbsp;&nbsp;&nbsp; **Total investment income** | 15888779 | 23345548 | &nbsp;&nbsp; 91128319 | 91666194  |
| **EXPENSES**<br>|  |  |  |  |
| Investment advisory fees | 839590 | 1705115 | &nbsp;&nbsp; 7576374 | 9255472  |
| Administrative fees:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Class A | 11 | 18363 | &nbsp;&nbsp; 20134 | 37874  |
| &nbsp;&nbsp;&nbsp; Class C | 170 | 1942 | &nbsp;&nbsp; 3818 | 2635  |
| &nbsp;&nbsp;&nbsp; Class I | 243766 | 432207 | &nbsp;&nbsp; 1522434 | 1524896  |
| &nbsp;&nbsp;&nbsp; Class R-6 | 35916 | 34664 | &nbsp;&nbsp; 347708 | 285690  |
| Distribution and service fees:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Class A | 28 | 45908 | &nbsp;&nbsp; 50335 | 94684  |
| &nbsp;&nbsp;&nbsp; Class C | 1701 | 19413 | &nbsp;&nbsp; 38177 | 26350  |
| Shareholder servicing fees:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Class A |  | 24847 | &nbsp;&nbsp; 24823 | 48982  |
| &nbsp;&nbsp;&nbsp; Class C | 74 | 1583 | &nbsp;&nbsp; 3450 | 2076  |
| &nbsp;&nbsp;&nbsp; Class I | 173658 | 405275 | &nbsp;&nbsp; 1455918 | 1510101  |
| Custodian fees | 7829 | 24608 | &nbsp;&nbsp; 100675 | 138597  |
| Professional fees | 33740 | 55942 | &nbsp;&nbsp; 224519 | 226953  |
| State registration fees | 64761 | 70572 | &nbsp;&nbsp; 115411 | 193691  |
| Trustees compensation | 17394 | 29592 | &nbsp;&nbsp; 119833 | 121339  |
| Compliance fees | 3235 | 4335 | &nbsp;&nbsp; 6035 | 6235  |
| Other expenses | 89322 | 183642 | &nbsp;&nbsp; 456975 | 386079  |
| &nbsp;&nbsp;&nbsp; Total expenses before adjustments | 1511195 | 3058008 | &nbsp;&nbsp; 12066619 | 13861654  |
| &nbsp;&nbsp;&nbsp; Fees and expenses waived | (174003) | (824908) | &nbsp;&nbsp; (2823563) | (2814393)  |
| &nbsp;&nbsp;&nbsp; Total expenses after adjustments | 1337192 | 2233100 | &nbsp;&nbsp; 9243056 | 11047261  |
| **Net investment income (loss)** | 14551587 | 21112448 | &nbsp;&nbsp; 81885263 | 80618933  |
| **REALIZED AND UNREALIZED GAIN (LOSS)** | **REALIZED AND UNREALIZED GAIN (LOSS)** |  |  |  |
| Net realized gain (loss) on:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments | 408869 | 3829606 | &nbsp;&nbsp; 14724461 | 40780040  |
| &nbsp;&nbsp;&nbsp; Foreign currency translations |  |  | &nbsp;&nbsp; 167352 | (8194644)  |
| &nbsp;&nbsp;&nbsp; Written options |  |  | &nbsp;&nbsp; 977689 | 6241658  |
| &nbsp;&nbsp;&nbsp; Swap contracts - credit default |  |  | &nbsp;&nbsp; 14004827 | 14888482  |
| &nbsp;&nbsp;&nbsp; Swap contracts - inflation and interest rates |  |  | &nbsp;&nbsp; (1861579) | 6479906  |
| &nbsp;&nbsp;&nbsp; Futures contracts |  |  | &nbsp;&nbsp; 1104256 | 2777269  |
| &nbsp;&nbsp;&nbsp; Forward contracts |  |  | &nbsp;&nbsp; (7000359) | 3428528  |
| Net realized gain (loss) | 408869 | 3829606 | &nbsp;&nbsp; 22116647 | 66401239  |

---

The accompanying notes are an integral part of the financial statements.

73<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**STATEMENTS OF OPERATIONS** 

**January 1, 2025 to December 31, 2025(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Carillon** <br>**Chartwell Short** <br>**Duration High** <br>**Yield Fund** | **Carillon** <br>**Reams Core** <br>**Bond Fund** | **Carillon** <br>**Reams Core Plus** <br>**Bond Fund** | **Carillon** <br>**Reams** <br>**Unconstrained** <br>**Bond Fund**  |
|  Net change in unrealized appreciation (depreciation) on:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments and foreign currency translations | $4002752 | $10846191 | $52691534 | $37714340  |
| &nbsp;&nbsp;&nbsp; Swap contracts - credit default |  |  | 146437 | 469806  |
| &nbsp;&nbsp;&nbsp; Swap contracts - inflation and interest rates |  |  |  | 4514943  |
| &nbsp;&nbsp;&nbsp; Futures contracts |  |  |  | 8160153  |
| &nbsp;&nbsp;&nbsp; Forward contracts |  |  | (780073) | (17243041)  |
|  Net change in unrealized appreciation (depreciation) | 4002752 | 10846191 | 52057898 | 33616201  |
| **Net gain (loss) on investments** | 4411621 | 14675797 | 74174545 | 100017440  |
|  **NET INCREASE (DECREASE) IN ASSETS RESULTING FROM OPERATIONS** | $18963208 | $35788245 | $156059808 | $180636373 |

---

The accompanying notes are an integral part of the financial statements.

74<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**STATEMENTS OF CHANGES IN NET ASSETS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Carillon Chartwell** <br>**Mid Cap Value Fund** | **Carillon Chartwell** <br>**Mid Cap Value Fund** | **Carillon Chartwell** <br>**Small Cap Growth Fund** | **Carillon Chartwell** <br>**Small Cap Growth Fund** | **Carillon Chartwell** <br>**Small Cap Value Fund**  | **Carillon Chartwell** <br>**Small Cap Value Fund**  |
|  | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24** | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24** | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24**  |
| Net assets, beginning of period | $23147689 | $23787319 | $31472415 | $16724557 | $76297764 | $143320162  |
|  **INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS**<br>|  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | 179176 | 250186 | (245742) | (80403) | 427970 | 806289  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | 2954130 | 2343405 | 128757 | 3414308 | 7547754 | 23669865  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | (814859) | 18300 | 17409870 | 2431216 | (10094216) | (15244971)  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets resulting from operations** | 2318447 | 2611891 | 17292885 | 5765121 | (2118492) | 9231183  |
|  Distributions to shareholders from earnings | (2458946) | (2827513) | (976157) | (1890643) | (8564305) | (25752198)  |
| **FUND SHARE TRANSACTIONS**<br>|  |  |  |  |  |  |
| Proceeds from shares sold-Class A | 1707 | 9673 | 106589 | 30580 |  | 9675  |
|  Issued as reinvestment of distributions-Class A | 1493 | 1218 | 1116 | 1952 | 1938 | 3176  |
| Cost of shares redeemed-Class A | (15) |  | (16060) |  |  | —  |
| Proceeds from shares sold-Class C | 1792 | 10000 | 138525 | 10000 |  | 10000  |
|  Issued as reinvestment of distributions-Class C | 1453 | 1199 | 1397 | 653 | 1908 | 3211  |
| Cost of shares redeemed-Class C | (15) |  |  |  |  | —  |
| Proceeds from shares sold-Class I | 1303524 | 5892362 | 89257601 | 11964680 | 11732666 | 22370713  |
|  Issued as reinvestment of distributions-Class I | 2454612 | 2823805 | 963972 | 1887293 | 6986025 | 18830493  |
| Cost of shares redeemed-Class I | (5446856) | (9173556) | (26147580) | (3032523) | (40127294) | (92071483)  |
| Proceeds from shares sold-Class R-6 |  | 10000 | 1064647 | 10000 | 43139 | 339520  |
|  Issued as reinvestment of distributions-Class R-6 | 1389 | 1291 | 9274 | 745 | 2332 | 3312  |
| Cost of shares redeemed-Class R-6 |  |  | (5667) |  | (268763) | —  |
|  **Net increase (decrease) from fund share transactions** | (1680916) | (424008) | 65373814 | 10873380 | (21628049) | (50501383)  |
| **Increase (decrease) in net assets** | (1821415) | (639630) | 81690542 | 14747858 | (32310846) | (67022398)  |
| Net assets, end of period | $21326274 | $23147689 | $113162957 | $31472415 | $43986918 | $76297764  |
| **SHARES ISSUED AND REDEEMED**<br>|  |  |  |  |  |  |
| Shares sold-Class A | 98 | 554 | 5637 | 1869 |  | 508  |
|  Issued as reinvestment of distributions-Class A | 89 | 73 | 57 | 116 | 154 | 211  |
| Shares redeemed-Class A | (1) |  | (950) |  |  | —  |
| Shares sold-Class C | 104 | 573 | 7705 | 674 |  | 525  |
|  Issued as reinvestment of distributions-Class C | 86 | 72 | 72 | 39 | 151 | 213  |
| Shares redeemed-Class C | (1) |  |  |  |  | —  |
| Shares sold-Class I | 77464 | 331391 | 5468313 | 668865 | 829568 | 1133584  |
|  Issued as reinvestment of distributions-Class I | 145501 | 168888 | 49333 | 112205 | 557099 | 1252860  |
| Shares redeemed-Class I | (322587) | (515355) | (1563010) | (186721) | (2854533) | (4788967)  |
| Shares sold-Class R-6 |  | 574 | 56776 | 674 | 2812 | 17032  |
|  Issued as reinvestment of distributions-Class R-6 | 82 | 77 | 475 | 44 | 187 | 220  |
| Shares redeemed-Class R-6 |  |  | (299) |  | (18549) | —  |
| **Shares issued and redeemed** | (99165) | (13153) | 4024109 | 597765 | (1483111) | (2383814) |

---

The accompanying notes are an integral part of the financial statements.

75<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**STATEMENTS OF CHANGES IN NET ASSETS** 

(Continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Carillon ClariVest Capital** <br>**Appreciation Fund** | **Carillon ClariVest Capital** <br>**Appreciation Fund** | **Carillon ClariVest** <br>**International Stock Fund** | **Carillon ClariVest** <br>**International Stock Fund** | **Carillon Eagle Growth** <br>**& Income Fund**  | **Carillon Eagle Growth** <br>**& Income Fund**  |
|  | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24** | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24** | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24**  |
| Net assets, beginning of period | $482811612 | $402832954 | $523547019 | $369437330 | $557137117 | $610687012  |
|  **INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS**<br>|  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | (1178289) | (1041964) | 15383120 | 9761396 | 7119458 | 9141241  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | 16803570 | 61449641 | 4124719 | 17883986 | 89565532 | 74792781  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | 95428161 | 76494838 | 210657192 | 26467315 | (34902915) | 2698299  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets resulting from operations** | 111053442 | 136902515 | 230165031 | 54112697 | 61782075 | 86632321  |
|  Distributions to shareholders from earnings | (23198687) | (55383942) | (26151260) | (19353072) | (85728260) | (85354084)  |
| **FUND SHARE TRANSACTIONS**<br>|  |  |  |  |  |  |
| Proceeds from shares sold-Class A | 8167826 | 7046930 | 4049888 | 16435750 | 11516167 | 16676239  |
|  Issued as reinvestment of distributions-Class A | 9526668 | 24342160 | 742808 | 740856 | 28735617 | 26680476  |
| Cost of shares redeemed-Class A | (25129704) | (26017017) | (3907280) | (1002235) | (46884178) | (43791706)  |
| Proceeds from shares sold-Class C | 1189645 | 2316681 | 492259 | 63157 | 2257337 | 1714385  |
|  Issued as reinvestment of distributions-Class C | 320401 | 1031098 | 38270 | 33149 | 3884360 | 4161509  |
| Cost of shares redeemed-Class C | (3804384) | (3414227) | (410338) | (166286) | (11584484) | (14775849)  |
| Proceeds from shares sold-Class I | 65529091 | 40885009 | 274410911 | 178078015 | 29187951 | 30947516  |
|  Issued as reinvestment of distributions-Class I | 12786565 | 28512313 | 24569211 | 18204621 | 38401458 | 38848238  |
| Cost of shares redeemed-Class I | (54323496) | (74463169) | (139098125) | (77366258) | (103516144) | (110729640)  |
| &nbsp;&nbsp;&nbsp; Proceeds from shares <br>sold-Class R-3 |  | 2104 |  | 259988 |  | 29370  |
|  Issued as reinvestment of distributions-Class R-3 |  |  |  |  |  | —  |
| Cost of shares redeemed-Class R-3 |  | (316144) |  | (15847793) |  | (1332815)  |
| Proceeds from shares sold-Class R-5 |  | 193649 |  | 365 |  | 190614  |
|  Issued as reinvestment of distributions-Class R-5 |  |  |  |  |  | —  |
| Cost of shares redeemed-Class R-5 |  | (1588069) |  | (48939) |  | (3195938)  |
| Proceeds from shares sold-Class R-6 | 1677905 | 436231 | 13558122 | 1993914 | 8297711 | 1897893  |
|  Issued as reinvestment of distributions-Class R-6 | 66048 | 25005 | 732309 | 376078 | 2390192 | 1296004  |
| Cost of shares redeemed-Class R-6 | (346000) | (501067) | (5361220) | (2367973) | (4104780) | (3303834)  |
| Proceeds from shares sold-Class Y |  | 833 |  | 158 |  | 314  |
|  Issued as reinvestment of distributions-Class Y |  |  |  |  |  | —  |
| Cost of shares redeemed-Class Y |  | (32235) |  | (36503) |  | (140908)  |
|  **Net increase (decrease) from fund share transactions** | 15660565 | (1539915) | 169816815 | 119350064 | (41418793) | (54828132)  |
| **Increase (decrease) in net assets** | 103515320 | 79978658 | 373830586 | 154109689 | (65364978) | (53549895)  |
| Net assets, end of period | $586326932 | $482811612 | $897377605 | $523547019 | $491772139 | $557137117  |

---

The accompanying notes are an integral part of the financial statements.

76<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**STATEMENTS OF CHANGES IN NET ASSETS** 

(Continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Carillon ClariVest Capital** <br>**Appreciation Fund** | **Carillon ClariVest Capital** <br>**Appreciation Fund** | **Carillon ClariVest** <br>**International Stock Fund** | **Carillon ClariVest** <br>**International Stock Fund** | **Carillon Eagle Growth** <br>**& Income Fund**  | **Carillon Eagle Growth** <br>**& Income Fund**  |
|  | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24** | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24** | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24**  |
| **SHARES ISSUED AND REDEEMED**<br>|  |  |  |  |  |  |
| Shares sold-Class A | &nbsp;&nbsp; 133224 | &nbsp;&nbsp; 132843 | &nbsp;&nbsp; 151113 | &nbsp;&nbsp; 660966 | &nbsp;&nbsp; 555153 | &nbsp;&nbsp; 773041  |
|  Issued as reinvestment of distributions-Class A | &nbsp;&nbsp; 145268 | &nbsp;&nbsp; 441781 | &nbsp;&nbsp; 23604 | &nbsp;&nbsp; 31837 | &nbsp;&nbsp; 1472513 | &nbsp;&nbsp; 1303640  |
| Shares redeemed-Class A | &nbsp;&nbsp; (436745) | &nbsp;&nbsp; (484493) | &nbsp;&nbsp; (147496) | &nbsp;&nbsp; (42146) | &nbsp;&nbsp; (2234791) | &nbsp;&nbsp; (1982186)  |
| Shares sold-Class C | &nbsp;&nbsp; 39361 | &nbsp;&nbsp; 87344 | &nbsp;&nbsp; 17841 | &nbsp;&nbsp; 2837 | &nbsp;&nbsp; 115739 | &nbsp;&nbsp; 83796  |
|  Issued as reinvestment of distributions-Class C | &nbsp;&nbsp; 9671 | &nbsp;&nbsp; 36772 | &nbsp;&nbsp; 1240 | &nbsp;&nbsp; 1450 | &nbsp;&nbsp; 212409 | &nbsp;&nbsp; 216861  |
| Shares redeemed-Class C | &nbsp;&nbsp; (128652) | &nbsp;&nbsp; (126100) | &nbsp;&nbsp; (15421) | &nbsp;&nbsp; (7301) | &nbsp;&nbsp; (585143) | &nbsp;&nbsp; (719144)  |
| Shares sold-Class I | &nbsp;&nbsp; 1041477 | &nbsp;&nbsp; 698695 | &nbsp;&nbsp; 9908591 | &nbsp;&nbsp; 7388484 | &nbsp;&nbsp; 1412286 | &nbsp;&nbsp; 1429901  |
|  Issued as reinvestment of distributions-Class I | &nbsp;&nbsp; 177665 | &nbsp;&nbsp; 472841 | &nbsp;&nbsp; 772860 | &nbsp;&nbsp; 775331 | &nbsp;&nbsp; 1974805 | &nbsp;&nbsp; 1903993  |
| Shares redeemed-Class I | &nbsp;&nbsp; (847080) | &nbsp;&nbsp; (1255048) | &nbsp;&nbsp; (5094085) | &nbsp;&nbsp; (3217516) | &nbsp;&nbsp; (5009506) | &nbsp;&nbsp; (5076475)  |
| Shares sold-Class R-3 | &nbsp;&nbsp; — | &nbsp;&nbsp; 47 | &nbsp;&nbsp; — | &nbsp;&nbsp; 12238 | &nbsp;&nbsp; — | &nbsp;&nbsp; 1417  |
|  Issued as reinvestment of distributions-Class R-3 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; —  |
| Shares redeemed-Class R-3 | &nbsp;&nbsp; — | &nbsp;&nbsp; (6702) | &nbsp;&nbsp; — | &nbsp;&nbsp; (707481) | &nbsp;&nbsp; — | &nbsp;&nbsp; (62683)  |
| Shares sold-Class R-5 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3839 | &nbsp;&nbsp; — | &nbsp;&nbsp; 17 | &nbsp;&nbsp; — | &nbsp;&nbsp; 9174  |
|  Issued as reinvestment of distributions-Class R-5 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; —  |
| Shares redeemed-Class R-5 | &nbsp;&nbsp; — | &nbsp;&nbsp; (28606) | &nbsp;&nbsp; — | &nbsp;&nbsp; (2187) | &nbsp;&nbsp; — | &nbsp;&nbsp; (149794)  |
| Shares sold-Class R-6 | &nbsp;&nbsp; 24289 | &nbsp;&nbsp; 7907 | &nbsp;&nbsp; 524940 | &nbsp;&nbsp; 83301 | &nbsp;&nbsp; 391590 | &nbsp;&nbsp; 85364  |
|  Issued as reinvestment of distributions-Class R-6 | &nbsp;&nbsp; 937 | &nbsp;&nbsp; 424 | &nbsp;&nbsp; 23292 | &nbsp;&nbsp; 16189 | &nbsp;&nbsp; 123312 | &nbsp;&nbsp; 63638  |
| Shares redeemed-Class R-6 | &nbsp;&nbsp; (5243) | &nbsp;&nbsp; (9332) | &nbsp;&nbsp; (196202) | &nbsp;&nbsp; (100093) | &nbsp;&nbsp; (204654) | &nbsp;&nbsp; (148940)  |
| Shares sold-Class Y | &nbsp;&nbsp; — | &nbsp;&nbsp; 15 | &nbsp;&nbsp; — | &nbsp;&nbsp; 7 | &nbsp;&nbsp; — | &nbsp;&nbsp; 15  |
|  Issued as reinvestment of distributions-Class Y | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; —  |
| Shares redeemed-Class Y | &nbsp;&nbsp; — | &nbsp;&nbsp; (584) | &nbsp;&nbsp; — | &nbsp;&nbsp; (1626) | &nbsp;&nbsp; — | &nbsp;&nbsp; (6657)  |
| **Shares issued and redeemed** | &nbsp;&nbsp; 154172 | &nbsp;&nbsp; (28357) | &nbsp;&nbsp; 5970277 | &nbsp;&nbsp; 4894307 | &nbsp;&nbsp; (1776287) | &nbsp;&nbsp; (2275039) |

---

The accompanying notes are an integral part of the financial statements.

77<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**STATEMENTS OF CHANGES IN NET ASSETS** 

(Continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Carillon Eagle Mid Cap** <br>**Growth Fund** | **Carillon Eagle Mid Cap** <br>**Growth Fund** | **Carillon Eagle Small Cap** <br>**Growth Fund** | **Carillon Eagle Small Cap** <br>**Growth Fund** | **Carillon Scout** <br>**Mid Cap Fund**  | **Carillon Scout** <br>**Mid Cap Fund**  |
|  | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24** | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24** | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24**  |
| &nbsp;&nbsp;&nbsp; Net assets, beginning of <br>period | $6235415155 | $6459078781 | $456155390 | $589513089 | $3060842861 | $3338735849  |
|  **INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS**<br>|  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | (15430640) | (13486463) | (1586227) | (672011) | 15884038 | 15483790  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 731294639 | 753284648 | 44457245 | 93107928 | 366082552 | 574107301  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | (445159241) | 44686695 | 1315800 | (21178234) | 58736867 | 81611525  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets resulting from operations** | 270704758 | 784484880 | 44186818 | 71257683 | 440703457 | 671202616  |
|  Distributions to shareholders from earnings | (648675397) | (723838312) | (32682850) | (86926791) | (303944790) | (426629934)  |
|  **FUND SHARE TRANSACTIONS**<br>|  |  |  |  |  |  |
|  Proceeds from shares sold-Class A | 71284702 | 55458515 | 8160190 | 12067818 | 6821844 | 9640795  |
|  Issued as reinvestment of distributions-Class A | 60216933 | 63140453 | 9037452 | 23616957 | 2654016 | 3740170  |
|  Cost of shares redeemed-Class A | (152418934) | (158871345) | (33105063) | (36635577) | (10842528) | (6755824)  |
|  Proceeds from shares sold-Class C | 2185818 | 2173142 | 227927 | 417146 | 1540122 | 592888  |
|  Issued as reinvestment of distributions-Class C | 3485184 | 6317175 | 443141 | 1456023 | 1420702 | 2314401  |
|  Cost of shares redeemed-Class C | (30479557) | (24118451) | (2990398) | (4443123) | (4866588) | (4521694)  |
|  Proceeds from shares sold-Class I | 231676152 | 1195176265 | 18437809 | 63600884 | 361147927 | 235859337  |
|  Issued as reinvestment of distributions-Class I | 170828771 | 227124870 | 12349526 | 33431751 | 241704735 | 342258462  |
| &nbsp;&nbsp;&nbsp; Cost of shares redeemed-<br>Class I | (888418707) | (605462217) | (48629664) | (113048280) | (620195075) | (1121630529)  |
|  Proceeds from shares sold-Class R-3 |  | 1556084 |  | 309935 |  | 56372  |
|  Issued as reinvestment of distributions-Class R-3 |  |  |  |  |  | —  |
|  Cost of shares redeemed-Class R-3 |  | (45652492) |  | (17960064) |  | (3388657)  |
|  Proceeds from shares sold-Class R-5 |  | 10481618 |  | 466667 |  | 246440  |
|  Issued as reinvestment of distributions-Class R-5 |  |  |  |  |  | —  |
|  Cost of shares redeemed-Class R-5 |  | (945699847) |  | (19470152) |  | (3974024)  |
|  Proceeds from shares sold-Class R-6 | 471703793 | 435046302 | 21088699 | 40461826 | 88273734 | 110256851  |
|  Issued as reinvestment of distributions-Class R-6 | 389133979 | 400453090 | 8560615 | 21634569 | 31312496 | 40872914  |

---

The accompanying notes are an integral part of the financial statements.

78<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**STATEMENTS OF CHANGES IN NET ASSETS** 

(Continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Carillon Eagle Mid Cap** <br>**Growth Fund** | **Carillon Eagle Mid Cap** <br>**Growth Fund** | **Carillon Eagle Small Cap** <br>**Growth Fund** | **Carillon Eagle Small Cap** <br>**Growth Fund** | **Carillon Scout** <br>**Mid Cap Fund**  | **Carillon Scout** <br>**Mid Cap Fund**  |
|  | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24** | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24** | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24**  |
|  Cost of shares redeemed-Class R-6 | (928009940) | (899452689) | (44811185) | (123580584) | (90923486) | (124981019)  |
|  Proceeds from shares sold-Class Y |  | 231779 |  |  |  | 107576  |
|  Issued as reinvestment of distributions-Class Y |  |  |  |  |  | —  |
|  Cost of shares redeemed-Class Y |  | (2212446) |  | (14387) |  | (3160129)  |
|  **Net increase (decrease) from fund share transactions** | (598811806) | (284310194) | (51230951) | (117688591) | 8047899 | (522465670)  |
|  **Increase (decrease) in net assets** | (976782445) | (223663626) | (39726983) | (133357699) | 144806566 | (277892988)  |
| Net assets, end of period | $5258632710 | $6235415155 | $416428407 | $456155390 | $3205649427 | $3060842861  |
|  **SHARES ISSUED AND REDEEMED**<br>|  |  |  |  |  |  |
| Shares sold-Class A | 1015167 | 745929 | 391226 | 515759 | 282199 | 403110  |
|  Issued as reinvestment of distributions-Class A | 908112 | 891185 | 418788 | 1151485 | 108371 | 162545  |
| Shares redeemed-Class A | (2138085) | (2138972) | (1594496) | (1524723) | (457639) | (282165)  |
| Shares sold-Class C | 45126 | 40764 | 86849 | 139319 | 66559 | 25890  |
|  Issued as reinvestment of distributions-Class C | 74011 | 124698 | 161143 | 553621 | 60558 | 104440  |
| Shares redeemed-Class C | (598132) | (450308) | (1125391) | (1448997) | (208252) | (195744)  |
| Shares sold-Class I | 2973362 | 14537242 | 755941 | 2208151 | 14743267 | 9663193  |
|  Issued as reinvestment of distributions-Class I | 2352689 | 2936706 | 473888 | 1353512 | 9789580 | 14752520  |
| Shares redeemed-Class I | (11395032) | (7422734) | (1940415) | (3970713) | (25684924) | (46355582)  |
| Shares sold-Class R-3 |  | 23114 |  | 16021 |  | 2575  |
|  Issued as reinvestment of distributions-Class R-3 |  |  |  |  |  | —  |
| Shares redeemed-Class R-3 |  | (634647) |  | (863468) |  | (148863)  |
| Shares sold-Class R-5 |  | 134916 |  | 17285 |  | 11178  |
|  Issued as reinvestment of distributions-Class R-5 |  |  |  |  |  | —  |
| Shares redeemed-Class R-5 |  | (11539373) |  | (668189) |  | (168360)  |
| Shares sold-Class R-6 | 5893432 | 5251310 | 803756 | 1321835 | 3594280 | 4479621  |
|  Issued as reinvestment of distributions-Class R-6 | 5282123 | 5107169 | 312888 | 835312 | 1270284 | 1764806  |
| Shares redeemed-Class R-6 | (11618494) | (10889468) | (1746876) | (4031638) | (3727120) | (5180842)  |
| Shares sold-Class Y |  | 3058 |  |  |  | 4892  |
|  Issued as reinvestment of distributions-Class Y |  |  |  |  |  | —  |
| Shares redeemed-Class Y |  | (27327) |  | (520) |  | (134904)  |
| &nbsp;&nbsp;&nbsp; **Shares issued and** <br>**redeemed** | (7205721) | (3306738) | (3002699) | (4395948) | (162837) | (21091690) |

---

The accompanying notes are an integral part of the financial statements.

79<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**STATEMENTS OF CHANGES IN NET ASSETS** 

(Continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Carillon Chartwell** <br>**Small Cap Fund** | **Carillon Chartwell** <br>**Small Cap Fund** | **Carillon Chartwell** <br>**Real Income Fund** | **Carillon Chartwell** <br>**Real Income Fund** | **Carillon Chartwell Short** <br>**Duration High Yield Fund**  | **Carillon Chartwell Short** <br>**Duration High Yield Fund**  |
|  | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24** | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24** | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24**  |
| &nbsp;&nbsp;&nbsp; Net assets, beginning of <br>period | $253714160 | $260847291 | $249066040 | $307897758 | $269408268 | $247271669  |
|  **INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS**<br>|  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | (873447) | (895042) | 10468060 | 10915488 | 14551587 | 12997391  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 79089261 | 51315234 | 15257955 | (7850346) | 408869 | (394729)  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | (52142493) | (1339637) | 5747839 | 16081041 | 4002752 | 1552207  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets resulting from operations** | 26073321 | 49080555 | 31473854 | 19146183 | 18963208 | 14154869  |
|  Distributions to shareholders from earnings | (75968896) | (25468493) | (10415231) | (10845271) | (14594500) | (12957796)  |
|  **FUND SHARE TRANSACTIONS**<br>|  |  |  |  |  |  |
|  Proceeds from shares sold-Class A | 464643 | 965971 | 248962 | 48788 | 3002 | 9781  |
|  Issued as reinvestment of distributions-Class A | 5542638 | 1448767 | 5544 | 545 | 549 | 364  |
|  Cost of shares redeemed-Class A | (1648767) | (2262786) | (18443) | (125) | (10) | —  |
|  Proceeds from shares sold-Class C | 100983 | 58098 |  | 10000 | 435263 | 10000  |
|  Issued as reinvestment of distributions-Class C | 330138 | 108091 | 358 | 237 | 7458 | 319  |
|  Cost of shares redeemed-Class C | (425428) | (550036) |  |  | (172608) | —  |
|  Proceeds from shares sold-Class I | 7132320 | 19537316 | 31160537 | 9769186 | 47010878 | 52158109  |
|  Issued as reinvestment of distributions-Class I | 67663128 | 23371355 | 10119049 | 10538786 | 12391744 | 12883528  |
| &nbsp;&nbsp;&nbsp; Cost of shares redeemed-<br>Class I | (96619978) | (67105360) | (51409148) | (87510365) | (132600433) | (44132972)  |
|  Proceeds from shares sold-Class R-3 |  | 50 |  |  |  | —  |
|  Issued as reinvestment of distributions-Class R-3 |  |  |  |  |  | —  |
|  Cost of shares redeemed-Class R-3 |  | (26924) |  |  |  | —  |
|  Proceeds from shares sold-Class R-5 |  |  |  |  |  | —  |
|  Issued as reinvestment of distributions-Class R-5 |  |  |  |  |  | —  |
|  Cost of shares redeemed-Class R-5 |  | (22495) |  |  |  | —  |
|  Proceeds from shares sold-Class R-6 | 1299297 | 768075 | 332968 | 10000 | 95118582 | 10000  |
|  Issued as reinvestment of distributions-Class R-6 | 1458762 | 289006 | 7260 | 318 | 2108035 | 397  |

---

The accompanying notes are an integral part of the financial statements.

80<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**STATEMENTS OF CHANGES IN NET ASSETS** 

(Continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Carillon Chartwell** <br>**Small Cap Fund** | **Carillon Chartwell** <br>**Small Cap Fund** | **Carillon Chartwell** <br>**Real Income Fund** | **Carillon Chartwell** <br>**Real Income Fund** | **Carillon Chartwell Short** <br>**Duration High Yield Fund**  | **Carillon Chartwell Short** <br>**Duration High Yield Fund**  |
|  | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24** | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24** | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24**  |
|  Cost of shares redeemed-Class R-6 | (796334) | (7223660) | (4880) |  |  | —  |
|  Proceeds from shares sold-Class Y |  |  |  |  |  | —  |
|  Issued as reinvestment of distributions-Class Y |  |  |  |  |  | —  |
|  Cost of shares redeemed-Class Y |  | (100661) |  |  |  | —  |
|  **Net increase (decrease) from fund share transactions** | (15498598) | (30745193) | (9557793) | (67132630) | 24302460 | 20939526  |
|  **Increase (decrease) in net assets** | (65394173) | (7133131) | 11500830 | (58831718) | 28671168 | 22136599  |
| Net assets, end of period | $188319987 | $253714160 | $260566870 | $249066040 | $298079436 | $269408268  |
|  **SHARES ISSUED AND REDEEMED**<br>|  |  |  |  |  |  |
| Shares sold-Class A | 15660 | 32752 | 17995 | 3681 | 312 | 1041  |
|  Issued as reinvestment of distributions-Class A | 261940 | 50304 | 398 | 41 | 57 | 38  |
| Shares redeemed-Class A | (58494) | (77151) | (1334) | (9) | (1) | —  |
| Shares sold-Class C | 3773 | 2112 |  | 784 | 45340 | 1063  |
|  Issued as reinvestment of distributions-Class C | 16776 | 4005 | 26 | 18 | 776 | 34  |
| Shares redeemed-Class C | (16246) | (19614) |  |  | (17943) | —  |
| Shares sold-Class I | 260224 | 664384 | 2278865 | 750060 | 4915159 | 5496275  |
|  Issued as reinvestment of distributions-Class I | 3126762 | 795485 | 735483 | 812498 | 1295782 | 1361348  |
| Shares redeemed-Class I | (3480564) | (2229571) | (3756783) | (6743403) | (13835450) | (4658789)  |
| Shares sold-Class R-3 |  | 2 |  |  |  | —  |
|  Issued as reinvestment of distributions-Class R-3 |  |  |  |  |  | —  |
| Shares redeemed-Class R-3 |  | (994) |  |  |  | —  |
| Shares sold-Class R-5 |  |  |  |  |  | —  |
|  Issued as reinvestment of distributions-Class R-5 |  |  |  |  |  | —  |
| Shares redeemed-Class R-5 |  | (798) |  |  |  | —  |
| Shares sold-Class R-6 | 43048 | 25766 | 24336 | 784 | 9907648 | 1064  |
|  Issued as reinvestment of distributions-Class R-6 | 66824 | 9757 | 517 | 24 | 220061 | 42  |
| Shares redeemed-Class R-6 | (28040) | (271609) | (347) |  |  | —  |
| Shares sold-Class Y |  |  |  |  |  | —  |
|  Issued as reinvestment of distributions-Class Y |  |  |  |  |  | —  |
| Shares redeemed-Class Y |  | (3631) |  |  |  | —  |
| &nbsp;&nbsp;&nbsp; **Shares issued and** <br>**redeemed** | 211663 | (1018801) | (700844) | (5175522) | 2531741 | 2202116 |

---

The accompanying notes are an integral part of the financial statements.

81<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**STATEMENTS OF CHANGES IN NET ASSETS** 

(Continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Carillon Reams Core** <br>**Bond Fund** | **Carillon Reams Core** <br>**Bond Fund** | **Carillon Reams Core** <br>**Plus Bond Fund** | **Carillon Reams Core** <br>**Plus Bond Fund** | **Carillon Reams** <br>**Unconstrained Bond Fund**  | **Carillon Reams** <br>**Unconstrained Bond Fund**  |
|  | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24** | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24** | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24**  |
| Net assets, beginning of period | $478833780 | $508050629 | $1773306819 | $1594291018 | $1627891171 | $1430170678  |
|  **INCREASE (DECREASE) IN NET ASSETS FROM OPERATIONS**<br>|  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(loss) | 21112448 | 20776954 | 81885263 | 73212713 | 80618933 | 64101451  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) on investments | 3829606 | (2629550) | 22116647 | 7024767 | 66401239 | 50104557  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) | 10846191 | (11608485) | 52057898 | (63495903) | 33616201 | (54861196)  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets resulting from operations** | 35788245 | 6538919 | 156059808 | 16741577 | 180636373 | 59344812  |
|  Distributions to shareholders from earnings | (21237953) | (20896764) | (83818466) | (76827898) | (126036415) | (75076447)  |
| **FUND SHARE TRANSACTIONS**<br>|  |  |  |  |  |  |
|  Proceeds from shares sold-Class A | 1830791 | 56305854 | 4088726 | 39043231 | 32400616 | 89213083  |
|  Issued as reinvestment of distributions-Class A | 644286 | 1390589 | 737250 | 893143 | 2690126 | 1468859  |
|  Cost of shares redeemed-Class A | (20502377) | (30156280) | (8466802) | (22430624) | (13054393) | (63114081)  |
|  Proceeds from shares sold-Class C | 347977 | 26975 | 584146 | 601998 | 1740209 | 1359887  |
|  Issued as reinvestment of distributions-Class C | 65072 | 89638 | 87181 | 88667 | 140431 | 66964  |
|  Cost of shares redeemed-Class C | (659850) | (1627423) | (1575682) | (836263) | (435794) | (485677)  |
| &nbsp;&nbsp;&nbsp; Proceeds from shares sold-<br>Class I | 104188556 | 116092834 | 545025661 | 573465390 | 753480316 | 605169260  |
|  Issued as reinvestment of distributions-Class I | 18834382 | 18310724 | 58241792 | 56193941 | 101828269 | 58799518  |
| &nbsp;&nbsp;&nbsp; Cost of shares redeemed-<br>Class I | (143059145) | (124007002) | (479163613) | (646165407) | (427254890) | (605786012)  |
|  Proceeds from shares sold-Class R-3 |  | 16961 |  | 11623 |  | —  |
|  Issued as reinvestment of distributions-Class R-3 |  | 2235 |  | 1392 |  | 99  |
|  Cost of shares redeemed-Class R-3 |  | (416520) |  | (217670) |  | (11861)  |
|  Proceeds from shares sold-Class R-5 |  | 13346 |  | 1791 |  | 93055  |
|  Issued as reinvestment of distributions-Class R-5 |  | 3483 |  | 446 |  | 9023  |
|  Cost of shares redeemed-Class R-5 |  | (652132) |  | (63068) |  | (1113249)  |
|  Proceeds from shares sold-Class R-6 | 35469873 | 5501988 | 114052556 | 294315512 | 68193482 | 189616987  |
|  Issued as reinvestment of distributions-Class R-6 | 1371818 | 700156 | 15161692 | 8072850 | 5925868 | 3635870  |
|  Cost of shares redeemed-Class R-6 | (19078650) | (4692875) | (52595771) | (32994496) | (44151116) | (23826452)  |

---

The accompanying notes are an integral part of the financial statements.

82<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**STATEMENTS OF CHANGES IN NET ASSETS** 

(Continued)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Carillon Reams Core** <br>**Bond Fund** | **Carillon Reams Core** <br>**Bond Fund** | **Carillon Reams Core** <br>**Plus Bond Fund** | **Carillon Reams Core** <br>**Plus Bond Fund** | **Carillon Reams** <br>**Unconstrained Bond Fund**  | **Carillon Reams** <br>**Unconstrained Bond Fund**  |
|  | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24** | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24** | **1/1/25 to** <br>**12/31/25** | **1/1/24 to** <br>**12/31/24**  |
|  Proceeds from shares sold-Class Y |  | 1424075 |  | 2308567 |  | 35789759  |
|  Issued as reinvestment of distributions-Class Y |  | 300272 |  | 211690 |  | 337438  |
|  Cost of shares redeemed-Class Y |  | (53485902) |  | (33400591) |  | (77770342)  |
|  **Net increase (decrease) from fund share transactions** | (20547267) | (14859004) | 196177136 | 239102122 | 481503124 | 213452128  |
|  **Increase (decrease) in net assets** | (5996975) | (29216849) | 268418478 | 179015801 | 536103082 | 197720493  |
| Net assets, end of period | $472836805 | $478833780 | $2041725297 | $1773306819 | $2163994253 | $1627891171  |
|  **SHARES ISSUED AND REDEEMED**<br>|  |  |  |  |  |  |
| Shares sold-Class A | 170755 | 5265136 | 137753 | 1325661 | 2525498 | 7329427  |
|  Issued as reinvestment of distributions-Class A | 59800 | 130267 | 24718 | 30393 | 213430 | 120181  |
| Shares redeemed-Class A | (1920643) | (2789161) | (285467) | (762644) | (1034383) | (5207741)  |
| Shares sold-Class C | 32292 | 2497 | 19892 | 20544 | 137983 | 111736  |
|  Issued as reinvestment of distributions-Class C | 6058 | 8410 | 2944 | 3031 | 11276 | 5519  |
| Shares redeemed-Class C | (61682) | (152463) | (53462) | (28538) | (34947) | (40306)  |
| Shares sold-Class I | 9666664 | 10791814 | 18236718 | 19244459 | 59196425 | 49252744  |
|  Issued as reinvestment of distributions-Class I | 1743565 | 1708651 | 1942280 | 1899001 | 8053762 | 4794061  |
| Shares redeemed-Class I | (13255357) | (11574994) | (16036036) | (21852083) | (33782179) | (49628483)  |
| Shares sold-Class R-3 |  | 1577 |  | 393 |  | —  |
|  Issued as reinvestment of distributions-Class R-3 |  | 208 |  | 47 |  | 8  |
| Shares redeemed-Class R-3 |  | (38929) |  | (7400) |  | (978)  |
| Shares sold-Class R-5 |  | 1239 |  | 60 |  | 7636  |
|  Issued as reinvestment of distributions-Class R-5 |  | 322 |  | 15 |  | 737  |
| Shares redeemed-Class R-5 |  | (60900) |  | (2134) |  | (91437)  |
| Shares sold-Class R-6 | 3288900 | 511961 | 3784122 | 9917914 | 5344021 | 15529268  |
|  Issued as reinvestment of distributions-Class R-6 | 126696 | 65222 | 505327 | 272106 | 468796 | 296435  |
| Shares redeemed-Class R-6 | (1751634) | (438254) | (1761394) | (1106109) | (3468908) | (1946904)  |
| Shares sold-Class Y |  | 132460 |  | 78023 |  | 2941789  |
|  Issued as reinvestment of distributions-Class Y |  | 27903 |  | 7114 |  | 27456  |
| Shares redeemed-Class Y |  | (4997104) |  | (1132955) |  | (6361397)  |
| &nbsp;&nbsp;&nbsp; **Shares issued and** <br>**redeemed** | (1894586) | (1404138) | 6517395 | 7906898 | 37630774 | 17139751 |

---

The accompanying notes are an integral part of the financial statements.

83<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Financial Highlights** 

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | **From investment operations** | **From investment operations** | **From investment operations** | **From investment operations** | **Dividends & distributions** | **Dividends & distributions** | **Dividends & distributions** |  | **Ratios to average net asset (%)** | **Ratios to average net asset (%)** | **Ratios to average net asset (%)** |  |  |  |
| **Fiscal period**  | **Fiscal period**  | **Beginning** <br>**net asset** <br>**value** | **Income** <br>(loss) | **Realized &** <br>**unrealized** <br>**gain (loss)** | **Total** | **From** <br>**investment** <br>**income** | **From** <br>**realized** <br>**gains** | **Total** | **Ending** <br>**net** <br>**asset** <br>**value** | **With** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Without** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Net** <br>**income** <br>(loss)<sup>(a)</sup> | **Portfolio** <br>**turnover** <br>**rate (%)<sup>(b)</sup>** | **Total** <br>**return** <br>**(%)<sup>(b)(c)</sup>** | **Ending** <br>**net** <br>**assets** <br>(millions)  |
| **Beginning** | **Ending**  | **Beginning** <br>**net asset** <br>**value** | **Income** <br>(loss) | **Realized &** <br>**unrealized** <br>**gain (loss)** | **Total** | **From** <br>**investment** <br>**income** | **From** <br>**realized** <br>**gains** | **Total** | **Ending** <br>**net** <br>**asset** <br>**value** | **With** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Without** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Net** <br>**income** <br>(loss)<sup>(a)</sup> | **Portfolio** <br>**turnover** <br>**rate (%)<sup>(b)</sup>** | **Total** <br>**return** <br>**(%)<sup>(b)(c)</sup>** | **Ending** <br>**net** <br>**assets** <br>(millions)  |
| **Carillon Chartwell Mid Cap Value Fund**  | **Carillon Chartwell Mid Cap Value Fund**  | **Carillon Chartwell Mid Cap Value Fund**  | **Carillon Chartwell Mid Cap Value Fund**  | **Carillon Chartwell Mid Cap Value Fund**  | **Carillon Chartwell Mid Cap Value Fund**  | **Carillon Chartwell Mid Cap Value Fund**  | **Carillon Chartwell Mid Cap Value Fund**  | **Carillon Chartwell Mid Cap Value Fund**  | **Carillon Chartwell Mid Cap Value Fund**  | **Carillon Chartwell Mid Cap Value Fund**  | **Carillon Chartwell Mid Cap Value Fund**  | **Carillon Chartwell Mid Cap Value Fund**  | **Carillon Chartwell Mid Cap Value Fund**  | **Carillon Chartwell Mid Cap Value Fund**  | **Carillon Chartwell Mid Cap Value Fund**  |
| **Class A\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | &nbsp;&nbsp; $16.80 | $0.09 | &nbsp;&nbsp; $1.85 | $1.94 | &nbsp;&nbsp;&nbsp; $(0.10) | $(1.96) | $(2.06) | $16.68 | &nbsp;&nbsp;&nbsp;&nbsp;1.20 | &nbsp;&nbsp;&nbsp;&nbsp;1.48 | 0.54 | &nbsp;&nbsp;&nbsp;&nbsp; 47 | 11.39 | &nbsp;&nbsp;&nbsp; 0  |
| 04/26/24 | 12/31/24 | 17.44 | 0.10 | &nbsp;&nbsp;&nbsp;&nbsp;1.46 | 1.56 | &nbsp;&nbsp;&nbsp; (0.14) | (2.06) | (2.20) | 16.80 | &nbsp;&nbsp;&nbsp;&nbsp;1.20 | &nbsp;&nbsp;&nbsp;&nbsp;1.59 | 0.80 | &nbsp;&nbsp;&nbsp;&nbsp; 51 | 8.97 | &nbsp;&nbsp;&nbsp; 0  |
| **Class C\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 16.81 | (0.04) | &nbsp;&nbsp;&nbsp;&nbsp;1.83 | 1.79 | &nbsp;&nbsp;&nbsp; — | (1.94) | (1.94) | 16.66 | &nbsp;&nbsp;&nbsp;&nbsp;1.95 | &nbsp;&nbsp;&nbsp;&nbsp;2.23 | (0.21) | &nbsp;&nbsp;&nbsp;&nbsp; 47 | 10.52 | &nbsp;&nbsp;&nbsp; 0  |
| 04/26/24 | 12/31/24 | 17.44 | 0.01 | &nbsp;&nbsp;&nbsp;&nbsp;1.46 | 1.47 | &nbsp;&nbsp;&nbsp; (0.05) | (2.05) | (2.10) | 16.81 | &nbsp;&nbsp;&nbsp;&nbsp;1.95 | &nbsp;&nbsp;&nbsp;&nbsp;2.34 | 0.05 | &nbsp;&nbsp;&nbsp;&nbsp; 51 | 8.43 | &nbsp;&nbsp;&nbsp; 0  |
| **Class I\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 16.79 | 0.14 | &nbsp;&nbsp;&nbsp;&nbsp;1.86 | 2.00 | &nbsp;&nbsp;&nbsp; (0.16) | (1.96) | (2.12) | 16.67 | &nbsp;&nbsp;&nbsp;&nbsp;0.90 | &nbsp;&nbsp;&nbsp;&nbsp;1.33 | 0.84 | &nbsp;&nbsp;&nbsp;&nbsp; 47 | 11.76 | &nbsp;&nbsp;&nbsp; 21  |
| 01/01/24 | 12/31/24 | 17.09 | 0.18 | &nbsp;&nbsp;&nbsp;&nbsp;1.77 | 1.95 | &nbsp;&nbsp;&nbsp; (0.19) | (2.06) | (2.25) | 16.79 | &nbsp;&nbsp;&nbsp;&nbsp;0.90 | &nbsp;&nbsp;&nbsp;&nbsp;1.35 | 1.02 | &nbsp;&nbsp;&nbsp;&nbsp; 51 | 11.45 | &nbsp;&nbsp;&nbsp; 23  |
| 01/01/23 | 12/31/23 | 16.50 | 0.07 | &nbsp;&nbsp;&nbsp;&nbsp;1.07 | 1.14 | &nbsp;&nbsp;&nbsp; (0.13) | (0.42) | (0.55) | 17.09 | &nbsp;&nbsp;&nbsp;&nbsp;0.90 | &nbsp;&nbsp;&nbsp;&nbsp;1.49 | 0.40 | &nbsp;&nbsp;&nbsp;&nbsp; 33 | 6.90 | &nbsp;&nbsp;&nbsp; 24  |
| 01/01/22 | 12/31/22 | 18.88 | 0.19 | &nbsp;&nbsp; (2.38) | (2.19) | &nbsp;&nbsp;&nbsp; (0.18) | (0.01) | (0.19) | 16.50 | &nbsp;&nbsp;&nbsp;&nbsp;0.90 | &nbsp;&nbsp;&nbsp;&nbsp;1.29 | 1.15 | &nbsp;&nbsp;&nbsp;&nbsp; 27 | (11.63) | &nbsp;&nbsp;&nbsp; 41  |
| 01/01/21 | 12/31/21 | 14.92 | 0.11 | &nbsp;&nbsp;&nbsp;&nbsp;3.96 | 4.07 | &nbsp;&nbsp;&nbsp; (0.11) |  | (0.11) | 18.88 | &nbsp;&nbsp;&nbsp;&nbsp;0.90 | &nbsp;&nbsp;&nbsp;&nbsp;1.29 | 0.68 | &nbsp;&nbsp;&nbsp;&nbsp; 15 | 27.30 | &nbsp;&nbsp;&nbsp; 38  |
| **Class R-6\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 16.79 | 0.16 | &nbsp;&nbsp;&nbsp;&nbsp;1.86 | 2.02 | &nbsp;&nbsp;&nbsp; (0.17) | (1.96) | (2.13) | 16.68 | &nbsp;&nbsp;&nbsp;&nbsp;0.80 | &nbsp;&nbsp;&nbsp;&nbsp;1.23 | 0.94 | &nbsp;&nbsp;&nbsp;&nbsp; 47 | 11.91 | &nbsp;&nbsp;&nbsp; 0  |
| 04/26/24 | 12/31/24 | 17.44 | 0.15 | &nbsp;&nbsp;&nbsp;&nbsp;1.45 | 1.60 | &nbsp;&nbsp;&nbsp; (0.19) | (2.06) | (2.25) | 16.79 | &nbsp;&nbsp;&nbsp;&nbsp;0.80 | &nbsp;&nbsp;&nbsp;&nbsp;1.34 | 1.20 | &nbsp;&nbsp;&nbsp;&nbsp; 51 | 9.23 | &nbsp;&nbsp;&nbsp; 0  |
| **Carillon Chartwell Small Cap Growth Fund** | **Carillon Chartwell Small Cap Growth Fund** | **Carillon Chartwell Small Cap Growth Fund** | **Carillon Chartwell Small Cap Growth Fund** | **Carillon Chartwell Small Cap Growth Fund** | **Carillon Chartwell Small Cap Growth Fund** | **Carillon Chartwell Small Cap Growth Fund** | **Carillon Chartwell Small Cap Growth Fund** | **Carillon Chartwell Small Cap Growth Fund** | **Carillon Chartwell Small Cap Growth Fund** | **Carillon Chartwell Small Cap Growth Fund** | **Carillon Chartwell Small Cap Growth Fund** | **Carillon Chartwell Small Cap Growth Fund** | **Carillon Chartwell Small Cap Growth Fund** | **Carillon Chartwell Small Cap Growth Fund** | **Carillon Chartwell Small Cap Growth Fund** |
| **Class A\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 16.89 | (0.11) | &nbsp;&nbsp;&nbsp;&nbsp;2.56 | 2.45 | &nbsp;&nbsp;&nbsp; (0.01) | (0.16) | (0.17) | 19.17 | &nbsp;&nbsp;&nbsp;&nbsp;1.25 | &nbsp;&nbsp;&nbsp;&nbsp;2.05 | (0.63) | &nbsp;&nbsp;&nbsp;&nbsp; 72 | 14.47 | &nbsp;&nbsp;&nbsp; 0  |
| 04/26/24 | 12/31/24 | 14.84 | (0.08) | &nbsp;&nbsp;&nbsp;&nbsp;3.17 | 3.09 | &nbsp;&nbsp;&nbsp; (0.36) | (0.68) | (1.04) | 16.89 | &nbsp;&nbsp;&nbsp;&nbsp;1.35 | &nbsp;&nbsp;&nbsp;&nbsp;2.83 | (0.68) | &nbsp;&nbsp;&nbsp;&nbsp; 60 | 20.88 | &nbsp;&nbsp;&nbsp; 0  |
| **Class C\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 16.88 | (0.24) | &nbsp;&nbsp;&nbsp;&nbsp;2.54 | 2.30 | &nbsp;&nbsp;&nbsp; (0.01) | (0.16) | (0.17) | 19.01 | &nbsp;&nbsp;&nbsp;&nbsp;2.00 | &nbsp;&nbsp;&nbsp;&nbsp;2.76 | (1.37) | &nbsp;&nbsp;&nbsp;&nbsp; 72 | 13.59 | &nbsp;&nbsp;&nbsp; 0  |
| 04/26/24 | 12/31/24 | 14.84 | (0.16) | &nbsp;&nbsp;&nbsp;&nbsp;3.17 | 3.01 | &nbsp;&nbsp;&nbsp; (0.29) | (0.68) | (0.97) | 16.88 | &nbsp;&nbsp;&nbsp;&nbsp;2.10 | &nbsp;&nbsp;&nbsp;&nbsp;3.27 | (1.42) | &nbsp;&nbsp;&nbsp;&nbsp; 60 | 20.30 | &nbsp;&nbsp;&nbsp; 0  |
| **Class I\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 16.89 | (0.06) | &nbsp;&nbsp;&nbsp;&nbsp;2.56 | 2.50 | &nbsp;&nbsp;&nbsp; (0.01) | (0.16) | (0.17) | 19.22 | &nbsp;&nbsp;&nbsp;&nbsp;0.95 | &nbsp;&nbsp;&nbsp;&nbsp;1.86 | (0.34) | &nbsp;&nbsp;&nbsp;&nbsp; 72 | 14.77 | &nbsp;&nbsp;&nbsp; 112  |
| 01/01/24 | 12/31/24 | 13.22 | (0.06) | &nbsp;&nbsp;&nbsp;&nbsp;4.81 | 4.75 | &nbsp;&nbsp;&nbsp; (0.40) | (0.68) | (1.08) | 16.89 | &nbsp;&nbsp;&nbsp;&nbsp;1.05 | &nbsp;&nbsp;&nbsp;&nbsp;2.24 | (0.37) | &nbsp;&nbsp;&nbsp;&nbsp; 60 | 36.02 | &nbsp;&nbsp;&nbsp; 31  |
| 01/01/23 | 12/31/23 | 10.80 | (0.02) | &nbsp;&nbsp;&nbsp;&nbsp;2.44 | 2.42 | &nbsp;&nbsp;&nbsp; — |  |  | 13.22 | &nbsp;&nbsp;&nbsp;&nbsp;1.05 | &nbsp;&nbsp;&nbsp;&nbsp;2.39 | (0.20) | &nbsp;&nbsp;&nbsp;&nbsp; 72 | 22.41 | &nbsp;&nbsp;&nbsp; 17  |
| 01/01/22 | 12/31/22 | 16.36 | (0.08) | &nbsp;&nbsp; (4.96) | (5.04) | &nbsp;&nbsp;&nbsp; — | (0.52) | (0.52) | 10.80 | &nbsp;&nbsp;&nbsp;&nbsp;1.05 | &nbsp;&nbsp;&nbsp;&nbsp;1.82 | (0.54) | &nbsp;&nbsp;&nbsp;&nbsp; 80 | (30.83) | &nbsp;&nbsp;&nbsp; 16  |
| 01/01/21 | 12/31/21 | 17.29 | (0.15) | &nbsp;&nbsp;&nbsp;&nbsp;2.78 | 2.63 | &nbsp;&nbsp;&nbsp; (0.01) | (3.55) | (3.56) | 16.36 | &nbsp;&nbsp;&nbsp;&nbsp;1.05 | &nbsp;&nbsp;&nbsp;&nbsp;1.47 | (0.88) | &nbsp;&nbsp;&nbsp;&nbsp; 61 | 16.47 | &nbsp;&nbsp;&nbsp; 28  |
| **Class R-6\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 16.88 | (0.05) | &nbsp;&nbsp;&nbsp;&nbsp;2.56 | 2.51 | &nbsp;&nbsp;&nbsp; (0.01) | (0.16) | (0.17) | 19.22 | &nbsp;&nbsp;&nbsp;&nbsp;0.85 | &nbsp;&nbsp;&nbsp;&nbsp;1.21 | (0.23) | &nbsp;&nbsp;&nbsp;&nbsp; 72 | 14.84 | &nbsp;&nbsp;&nbsp; 1  |
| 04/26/24 | 12/31/24 | 14.84 | (0.03) | &nbsp;&nbsp;&nbsp;&nbsp;3.17 | 3.14 | &nbsp;&nbsp;&nbsp; (0.42) | (0.68) | (1.10) | 16.88 | &nbsp;&nbsp;&nbsp;&nbsp;0.95 | &nbsp;&nbsp;&nbsp;&nbsp;2.27 | (0.27) | &nbsp;&nbsp;&nbsp;&nbsp; 60 | 21.23 | &nbsp;&nbsp;&nbsp; 0  |
| **Carillon Chartwell Small Cap Value Fund** | **Carillon Chartwell Small Cap Value Fund** | **Carillon Chartwell Small Cap Value Fund** | **Carillon Chartwell Small Cap Value Fund** | **Carillon Chartwell Small Cap Value Fund** | **Carillon Chartwell Small Cap Value Fund** | **Carillon Chartwell Small Cap Value Fund** | **Carillon Chartwell Small Cap Value Fund** | **Carillon Chartwell Small Cap Value Fund** | **Carillon Chartwell Small Cap Value Fund** | **Carillon Chartwell Small Cap Value Fund** | **Carillon Chartwell Small Cap Value Fund** | **Carillon Chartwell Small Cap Value Fund** | **Carillon Chartwell Small Cap Value Fund** | **Carillon Chartwell Small Cap Value Fund** | **Carillon Chartwell Small Cap Value Fund** |
| **Class A\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 15.10 | 0.07 | &nbsp;&nbsp; (0.14) | (0.07) | &nbsp;&nbsp;&nbsp; (0.10) | (2.60) | (2.70) | 12.33 | &nbsp;&nbsp;&nbsp;&nbsp;1.35 | &nbsp;&nbsp;&nbsp;&nbsp;1.34 | 0.47 | &nbsp;&nbsp;&nbsp;&nbsp; 56 | (0.80) | &nbsp;&nbsp;&nbsp; 0  |
| 04/26/24 | 12/31/24 | 19.07 | 0.11 | &nbsp;&nbsp;&nbsp;&nbsp;2.18 | 2.29 | &nbsp;&nbsp;&nbsp; (0.16) | (6.10) | (6.26) | 15.10 | &nbsp;&nbsp;&nbsp;&nbsp;1.35 | &nbsp;&nbsp;&nbsp;&nbsp;1.42 | 0.82 | &nbsp;&nbsp;&nbsp;&nbsp; 44 | 12.16 | &nbsp;&nbsp;&nbsp; 0  |
| **Class C\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 15.13 | (0.04) | &nbsp;&nbsp; (0.15) | (0.19) | &nbsp;&nbsp;&nbsp; — | (2.59) | (2.59) | 12.35 | &nbsp;&nbsp;&nbsp;&nbsp;2.10 | &nbsp;&nbsp;&nbsp;&nbsp;2.09 | (0.28) | &nbsp;&nbsp;&nbsp;&nbsp; 56 | (1.59) | &nbsp;&nbsp;&nbsp; 0  |
| 04/26/24 | 12/31/24 | 19.07 | 0.01 | &nbsp;&nbsp;&nbsp;&nbsp;2.18 | 2.19 | &nbsp;&nbsp;&nbsp; (0.06) | (6.07) | (6.13) | 15.13 | &nbsp;&nbsp;&nbsp;&nbsp;2.10 | &nbsp;&nbsp;&nbsp;&nbsp;2.17 | 0.07 | &nbsp;&nbsp;&nbsp;&nbsp; 44 | 11.60 | &nbsp;&nbsp;&nbsp; 0  |
| **Class I\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 15.10 | 0.10 | &nbsp;&nbsp; (0.13) | (0.03) | &nbsp;&nbsp;&nbsp; (0.14) | (2.61) | (2.75) | 12.32 | &nbsp;&nbsp;&nbsp;&nbsp;1.05 | &nbsp;&nbsp;&nbsp;&nbsp;1.22 | 0.72 | &nbsp;&nbsp;&nbsp;&nbsp; 56 | (0.52) | &nbsp;&nbsp;&nbsp; 44  |
| 01/01/24 | 12/31/24 | 19.27 | 0.18 | &nbsp;&nbsp;&nbsp;&nbsp;1.96 | 2.14 | &nbsp;&nbsp;&nbsp; (0.20) | (6.11) | (6.31) | 15.10 | &nbsp;&nbsp;&nbsp;&nbsp;1.05 | &nbsp;&nbsp;&nbsp;&nbsp;1.24 | 0.88 | &nbsp;&nbsp;&nbsp;&nbsp; 44 | 11.25 | &nbsp;&nbsp;&nbsp; 76  |
| 01/01/23 | 12/31/23 | 17.75 | 0.09 | &nbsp;&nbsp;&nbsp;&nbsp;2.09 | 2.18 | &nbsp;&nbsp;&nbsp; (0.21) | (0.45) | (0.66) | 19.27 | &nbsp;&nbsp;&nbsp;&nbsp;1.05 | &nbsp;&nbsp;&nbsp;&nbsp;1.26 | 0.48 | &nbsp;&nbsp;&nbsp;&nbsp; 27 | 12.30 | &nbsp;&nbsp;&nbsp; 143  |
| 01/01/22 | 12/31/22 | 19.90 | 0.10 | &nbsp;&nbsp; (2.04) | (1.94) | &nbsp;&nbsp;&nbsp; — | (0.21) | (0.21) | 17.75 | &nbsp;&nbsp;&nbsp;&nbsp;1.05 | &nbsp;&nbsp;&nbsp;&nbsp;1.17 | 0.54 | &nbsp;&nbsp;&nbsp;&nbsp; 24 | (9.71) | &nbsp;&nbsp;&nbsp; 150  |
| 01/01/21 | 12/31/21 | 17.75 | 0.10 | &nbsp;&nbsp;&nbsp;&nbsp;4.16 | 4.26 | &nbsp;&nbsp;&nbsp; (0.10) | (2.01) | (2.11) | 19.90 | &nbsp;&nbsp;&nbsp;&nbsp;1.05 | &nbsp;&nbsp;&nbsp;&nbsp;1.15 | 0.45 | &nbsp;&nbsp;&nbsp;&nbsp; 20 | 24.42 | &nbsp;&nbsp;&nbsp; 183  |
| **Class R-6\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 15.10 | 0.10 | &nbsp;&nbsp; (0.12) | (0.02) | &nbsp;&nbsp;&nbsp; (0.22) | (2.61) | (2.83) | 12.25 | &nbsp;&nbsp;&nbsp;&nbsp;0.95 | &nbsp;&nbsp;&nbsp;&nbsp;1.12 | 0.73 | &nbsp;&nbsp;&nbsp;&nbsp; 56 | (0.44) | &nbsp;&nbsp;&nbsp; 0  |
| 04/26/24 | 12/31/24 | 19.07 | 0.18 | &nbsp;&nbsp;&nbsp;&nbsp;2.16 | 2.34 | &nbsp;&nbsp;&nbsp; (0.20) | (6.11) | (6.31) | 15.10 | &nbsp;&nbsp;&nbsp;&nbsp;0.95 | &nbsp;&nbsp;&nbsp;&nbsp;1.06 | 1.20 | &nbsp;&nbsp;&nbsp;&nbsp; 44 | 12.45 | &nbsp;&nbsp;&nbsp; 0  |

---

The accompanying notes are an integral part of these financial statements.

84<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Financial Highlights** 

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | **From investment operations** | **From investment operations** | **From investment operations** | **From investment operations** | **Dividends & distributions** | **Dividends & distributions** | **Dividends & distributions** |  | **Ratios to average net asset (%)** | **Ratios to average net asset (%)** | **Ratios to average net asset (%)** |  |  |  |
| **Fiscal period**  | **Fiscal period**  | **Beginning** <br>**net asset** <br>**value** | **Income** <br>(loss) | **Realized &** <br>**unrealized** <br>**gain (loss)** | **Total** | **From** <br>**investment** <br>**income** | **From** <br>**realized** <br>**gains** | **Total** | **Ending** <br>**net** <br>**asset** <br>**value** | **With** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Without** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Net** <br>**income** <br>(loss)<sup>(a)</sup> | **Portfolio** <br>**turnover** <br>**rate (%)<sup>(b)</sup>** | **Total** <br>**return** <br>**(%)<sup>(b)(c)</sup>** | **Ending** <br>**net** <br>**assets** <br>(millions)  |
| **Beginning** | **Ending**  | **Beginning** <br>**net asset** <br>**value** | **Income** <br>(loss) | **Realized &** <br>**unrealized** <br>**gain (loss)** | **Total** | **From** <br>**investment** <br>**income** | **From** <br>**realized** <br>**gains** | **Total** | **Ending** <br>**net** <br>**asset** <br>**value** | **With** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Without** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Net** <br>**income** <br>(loss)<sup>(a)</sup> | **Portfolio** <br>**turnover** <br>**rate (%)<sup>(b)</sup>** | **Total** <br>**return** <br>**(%)<sup>(b)(c)</sup>** | **Ending** <br>**net** <br>**assets** <br>(millions)  |
| **Carillon ClariVest Capital Appreciation Fund** | **Carillon ClariVest Capital Appreciation Fund** | **Carillon ClariVest Capital Appreciation Fund** | **Carillon ClariVest Capital Appreciation Fund** | **Carillon ClariVest Capital Appreciation Fund** | **Carillon ClariVest Capital Appreciation Fund** | **Carillon ClariVest Capital Appreciation Fund** | **Carillon ClariVest Capital Appreciation Fund** | **Carillon ClariVest Capital Appreciation Fund** | **Carillon ClariVest Capital Appreciation Fund** | **Carillon ClariVest Capital Appreciation Fund** | **Carillon ClariVest Capital Appreciation Fund** | **Carillon ClariVest Capital Appreciation Fund** | **Carillon ClariVest Capital Appreciation Fund** | **Carillon ClariVest Capital Appreciation Fund** | **Carillon ClariVest Capital Appreciation Fund** |
| **Class A\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | &nbsp;&nbsp; $54.59 | $(0.21) | &nbsp;&nbsp; $12.81 | $12.60 | &nbsp;&nbsp;&nbsp; $— | $(2.66) | $(2.66) | 64.53 | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | &nbsp;&nbsp;&nbsp;&nbsp;1.02 | (0.37) | &nbsp;&nbsp;&nbsp;&nbsp; 16 | 22.99 | &nbsp;&nbsp;&nbsp; 252  |
| 01/01/24 | 12/31/24 | 45.42 | (0.20) | 16.32 | 16.12 | &nbsp;&nbsp;&nbsp; — | (6.95) | (6.95) | 54.59 | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | &nbsp;&nbsp;&nbsp;&nbsp;1.10 | (0.37) | &nbsp;&nbsp;&nbsp;&nbsp; 22 | 35.36 | &nbsp;&nbsp;&nbsp; 222  |
| 11/01/23 | 12/31/23 | 44.17 | (0.01) | 6.60 | 6.59 | &nbsp;&nbsp;&nbsp; — | (5.34) | (5.34) | 45.42 | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | &nbsp;&nbsp;&nbsp;&nbsp;1.21 | (0.12) | &nbsp;&nbsp;&nbsp;&nbsp; 4 | 14.87 | &nbsp;&nbsp;&nbsp; 181  |
| 11/01/22 | 10/31/23 | 46.16 | (0.07) | 5.83 | 5.76 | &nbsp;&nbsp;&nbsp; — | (7.75) | (7.75) | 44.17 | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | &nbsp;&nbsp;&nbsp;&nbsp;1.16 | (0.16) | &nbsp;&nbsp;&nbsp;&nbsp; 31 | 15.90 | &nbsp;&nbsp;&nbsp; 161  |
| 11/01/21 | 10/31/22 | 64.23 | (0.07) | &nbsp;&nbsp; (13.68) | (13.75) | &nbsp;&nbsp;&nbsp; — | (4.32) | (4.32) | 46.16 | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | &nbsp;&nbsp;&nbsp;&nbsp;1.13 | (0.13) | &nbsp;&nbsp;&nbsp;&nbsp; 31 | (22.87) | &nbsp;&nbsp;&nbsp; 156  |
| 11/01/20 | 10/31/21 | 51.65 | (0.08) | 20.42 | 20.34 | &nbsp;&nbsp;&nbsp; (0.05) | (7.71) | (7.76) | 64.23 | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | &nbsp;&nbsp;&nbsp;&nbsp;1.11 | (0.14) | &nbsp;&nbsp;&nbsp;&nbsp; 20 | 43.42 | &nbsp;&nbsp;&nbsp; 222  |
| **Class C\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 27.79 | (0.33) | 6.48 | 6.15 | &nbsp;&nbsp;&nbsp; — | (1.34) | (1.34) | 32.60 | &nbsp;&nbsp;&nbsp;&nbsp;1.75 | &nbsp;&nbsp;&nbsp;&nbsp;1.76 | (1.11) | &nbsp;&nbsp;&nbsp;&nbsp; 16 | 22.06 | &nbsp;&nbsp;&nbsp; 8  |
| 01/01/24 | 12/31/24 | 23.29 | (0.31) | 8.35 | 8.04 | &nbsp;&nbsp;&nbsp; — | (3.54) | (3.54) | 27.79 | &nbsp;&nbsp;&nbsp;&nbsp;1.75 | &nbsp;&nbsp;&nbsp;&nbsp;1.83 | (1.12) | &nbsp;&nbsp;&nbsp;&nbsp; 22 | 34.39 | &nbsp;&nbsp;&nbsp; 9  |
| 11/01/23 | 12/31/23 | 22.68 | (0.04) | 3.39 | 3.35 | &nbsp;&nbsp;&nbsp; — | (2.74) | (2.74) | 23.29 | &nbsp;&nbsp;&nbsp;&nbsp;1.75 | &nbsp;&nbsp;&nbsp;&nbsp;1.95 | (0.87) | &nbsp;&nbsp;&nbsp;&nbsp; 4 | 14.71 | &nbsp;&nbsp;&nbsp; 8  |
| 11/01/22 | 10/31/23 | 27.77 | (0.20) | 2.86 | 2.66 | &nbsp;&nbsp;&nbsp; — | (7.75) | (7.75) | 22.68 | &nbsp;&nbsp;&nbsp;&nbsp;1.75 | &nbsp;&nbsp;&nbsp;&nbsp;1.89 | (0.90) | &nbsp;&nbsp;&nbsp;&nbsp; 31 | 15.05 | &nbsp;&nbsp;&nbsp; 7  |
| 11/01/21 | 10/31/22 | 40.66 | (0.29) | &nbsp;&nbsp; (8.28) | (8.57) | &nbsp;&nbsp;&nbsp; — | (4.32) | (4.32) | 27.77 | &nbsp;&nbsp;&nbsp;&nbsp;1.75 | &nbsp;&nbsp;&nbsp;&nbsp;1.86 | (0.88) | &nbsp;&nbsp;&nbsp;&nbsp; 31 | (23.45) | &nbsp;&nbsp;&nbsp; 9  |
| 11/01/20 | 10/31/21 | 35.39 | (0.32) | 13.30 | 12.98 | &nbsp;&nbsp;&nbsp; — | (7.71) | (7.71) | 40.66 | &nbsp;&nbsp;&nbsp;&nbsp;1.75 | &nbsp;&nbsp;&nbsp;&nbsp;1.86 | (0.89) | &nbsp;&nbsp;&nbsp;&nbsp; 20 | 42.34 | &nbsp;&nbsp;&nbsp; 14  |
| **Class I\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 59.75 | (0.06) | 14.03 | 13.97 | &nbsp;&nbsp;&nbsp; — | (2.91) | (2.91) | 70.81 | &nbsp;&nbsp;&nbsp;&nbsp;0.72 | &nbsp;&nbsp;&nbsp;&nbsp;0.76 | (0.09) | &nbsp;&nbsp;&nbsp;&nbsp; 16 | 23.31 | &nbsp;&nbsp;&nbsp; 324  |
| 01/01/24 | 12/31/24 | 49.57 | (0.04) | 17.83 | 17.79 | &nbsp;&nbsp;&nbsp; (0.00) | (7.61) | (7.61) | 59.75 | &nbsp;&nbsp;&nbsp;&nbsp;0.70 | &nbsp;&nbsp;&nbsp;&nbsp;0.85 | (0.07) | &nbsp;&nbsp;&nbsp;&nbsp; 22 | 35.76 | &nbsp;&nbsp;&nbsp; 251  |
| 11/01/23 | 12/31/23 | 48.17 | 0.02 | 7.20 | 7.22 | &nbsp;&nbsp;&nbsp; (0.00) | (5.82) | (5.82) | 49.57 | &nbsp;&nbsp;&nbsp;&nbsp;0.70 | &nbsp;&nbsp;&nbsp;&nbsp;0.95 | 0.18 | &nbsp;&nbsp;&nbsp;&nbsp; 4 | 14.96 | &nbsp;&nbsp;&nbsp; 213  |
| 11/01/22 | 10/31/23 | 49.55 | 0.07 | 6.36 | 6.43 | &nbsp;&nbsp;&nbsp; (0.06) | (7.75) | (7.81) | 48.17 | &nbsp;&nbsp;&nbsp;&nbsp;0.70 | &nbsp;&nbsp;&nbsp;&nbsp;0.91 | 0.14 | &nbsp;&nbsp;&nbsp;&nbsp; 31 | 16.24 | &nbsp;&nbsp;&nbsp; 191  |
| 11/01/21 | 10/31/22 | 68.46 | 0.10 | &nbsp;&nbsp; (14.67) | (14.57) | &nbsp;&nbsp;&nbsp; (0.02) | (4.32) | (4.34) | 49.55 | &nbsp;&nbsp;&nbsp;&nbsp;0.70 | &nbsp;&nbsp;&nbsp;&nbsp;0.88 | 0.18 | &nbsp;&nbsp;&nbsp;&nbsp; 31 | (22.65) | &nbsp;&nbsp;&nbsp; 213  |
| 11/01/20 | 10/31/21 | 54.56 | 0.09 | 21.70 | 21.79 | &nbsp;&nbsp;&nbsp; (0.18) | (7.71) | (7.89) | 68.46 | &nbsp;&nbsp;&nbsp;&nbsp;0.70 | &nbsp;&nbsp;&nbsp;&nbsp;0.87 | 0.15 | &nbsp;&nbsp;&nbsp;&nbsp; 20 | 43.87 | &nbsp;&nbsp;&nbsp; 400  |
| **Class R-6\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 58.46 | 0.01 | 13.73 | 13.74 | &nbsp;&nbsp;&nbsp; — | (2.85) | (2.85) | 69.35 | &nbsp;&nbsp;&nbsp;&nbsp;0.64 | &nbsp;&nbsp;&nbsp;&nbsp;0.68 | 0.01 | &nbsp;&nbsp;&nbsp;&nbsp; 16 | 23.43 | &nbsp;&nbsp;&nbsp; 2  |
| 01/01/24 | 12/31/24 | 48.46 | 0.03 | 17.44 | 17.47 | &nbsp;&nbsp;&nbsp; (0.02) | (7.45) | (7.47) | 58.46 | &nbsp;&nbsp;&nbsp;&nbsp;0.60 | &nbsp;&nbsp;&nbsp;&nbsp;0.77 | 0.06 | &nbsp;&nbsp;&nbsp;&nbsp; 22 | 35.90 | &nbsp;&nbsp;&nbsp; 0  |
| 11/01/23 | 12/31/23 | 47.09 | 0.02 | 7.04 | 7.06 | &nbsp;&nbsp;&nbsp; — | (5.69) | (5.69) | 48.46 | &nbsp;&nbsp;&nbsp;&nbsp;0.60 | &nbsp;&nbsp;&nbsp;&nbsp;0.88 | 0.28 | &nbsp;&nbsp;&nbsp;&nbsp; 4 | 14.96 | &nbsp;&nbsp;&nbsp; 0  |
| 11/01/22 | 10/31/23 | 49.31 | 0.08 | 6.23 | 6.31 | &nbsp;&nbsp;&nbsp; (0.78) | (7.75) | (8.53) | 47.09 | &nbsp;&nbsp;&nbsp;&nbsp;0.60 | &nbsp;&nbsp;&nbsp;&nbsp;0.83 | 0.16 | &nbsp;&nbsp;&nbsp;&nbsp; 31 | 16.37 | &nbsp;&nbsp;&nbsp; 0  |
| 11/01/21 | 10/31/22 | 67.92 | 0.18 | &nbsp;&nbsp; (14.40) | (14.22) | &nbsp;&nbsp;&nbsp; (0.07) | (4.32) | (4.39) | 49.31 | &nbsp;&nbsp;&nbsp;&nbsp;0.60 | &nbsp;&nbsp;&nbsp;&nbsp;0.79 | 0.31 | &nbsp;&nbsp;&nbsp;&nbsp; 31 | (22.31) | &nbsp;&nbsp;&nbsp; 0  |
| 11/01/20 | 10/31/21 | 54.19 | 0.15 | 21.52 | 21.67 | &nbsp;&nbsp;&nbsp; (0.23) | (7.71) | (7.94) | 67.92 | &nbsp;&nbsp;&nbsp;&nbsp;0.60 | &nbsp;&nbsp;&nbsp;&nbsp;0.79 | 0.24 | &nbsp;&nbsp;&nbsp;&nbsp; 20 | 43.99 | &nbsp;&nbsp;&nbsp; 2  |
| **Carillon ClariVest International Stock Fund** | **Carillon ClariVest International Stock Fund** | **Carillon ClariVest International Stock Fund** | **Carillon ClariVest International Stock Fund** | **Carillon ClariVest International Stock Fund** | **Carillon ClariVest International Stock Fund** | **Carillon ClariVest International Stock Fund** | **Carillon ClariVest International Stock Fund** | **Carillon ClariVest International Stock Fund** | **Carillon ClariVest International Stock Fund** | **Carillon ClariVest International Stock Fund** | **Carillon ClariVest International Stock Fund** | **Carillon ClariVest International Stock Fund** | **Carillon ClariVest International Stock Fund** | **Carillon ClariVest International Stock Fund** | **Carillon ClariVest International Stock Fund** |
| **Class A\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 23.23 | 0.54 | 8.50 | 9.04 | &nbsp;&nbsp;&nbsp; (0.87) |  | (0.87) | 31.40 | &nbsp;&nbsp;&nbsp;&nbsp;1.25 | &nbsp;&nbsp;&nbsp;&nbsp;1.24 | 1.98 | &nbsp;&nbsp;&nbsp;&nbsp; 15 | 38.89 | &nbsp;&nbsp;&nbsp; 28  |
| 01/01/24 | 12/31/24 | 21.06 | 0.42 | 2.65 | 3.07 | &nbsp;&nbsp;&nbsp; (0.69) | (0.21) | (0.90) | 23.23 | &nbsp;&nbsp;&nbsp;&nbsp;1.25 | &nbsp;&nbsp;&nbsp;&nbsp;1.24 | 1.73 | &nbsp;&nbsp;&nbsp;&nbsp; 23 | 14.54 | &nbsp;&nbsp;&nbsp; 20  |
| 11/01/23 | 12/31/23 | 18.95 | 0.04 | 2.63 | 2.67 | &nbsp;&nbsp;&nbsp; (0.56) |  | (0.56) | 21.06 | &nbsp;&nbsp;&nbsp;&nbsp;1.25 | &nbsp;&nbsp;&nbsp;&nbsp;1.36 | 1.07 | &nbsp;&nbsp;&nbsp;&nbsp; 7 | 14.11 | &nbsp;&nbsp;&nbsp; 4  |
| 11/01/22 | 10/31/23 | 16.62 | 0.36 | 2.24 | 2.60 | &nbsp;&nbsp;&nbsp; (0.27) |  | (0.27) | 18.95 | &nbsp;&nbsp;&nbsp;&nbsp;1.25 | &nbsp;&nbsp;&nbsp;&nbsp;1.27 | 1.84 | &nbsp;&nbsp;&nbsp;&nbsp; 44 | 15.70 | &nbsp;&nbsp;&nbsp; 4  |
| 11/01/21 | 10/31/22 | 21.00 | 0.45 | &nbsp;&nbsp; (4.52) | (4.07) | &nbsp;&nbsp;&nbsp; (0.31) |  | (0.31) | 16.62 | &nbsp;&nbsp;&nbsp;&nbsp;1.32 | &nbsp;&nbsp;&nbsp;&nbsp;3.24 | 2.42 | &nbsp;&nbsp;&nbsp;&nbsp; 66 | (19.67) | &nbsp;&nbsp;&nbsp; 4  |
| 11/01/20 | 10/31/21 | 15.27 | 0.33 | 5.54 | 5.87 | &nbsp;&nbsp;&nbsp; (0.14) |  | (0.14) | 21.00 | &nbsp;&nbsp;&nbsp;&nbsp;1.45 | &nbsp;&nbsp;&nbsp;&nbsp;5.16 | 1.66 | &nbsp;&nbsp;&nbsp;&nbsp; 80 | 38.61 | &nbsp;&nbsp;&nbsp; 4  |
| **Class C\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 22.83 | 0.34 | 8.32 | 8.66 | &nbsp;&nbsp;&nbsp; (0.69) |  | (0.69) | 30.80 | &nbsp;&nbsp;&nbsp;&nbsp;1.95 | &nbsp;&nbsp;&nbsp;&nbsp;1.95 | 1.26 | &nbsp;&nbsp;&nbsp;&nbsp; 15 | 37.94 | &nbsp;&nbsp;&nbsp; 2  |
| 01/01/24 | 12/31/24 | 20.64 | 0.28 | 2.55 | 2.83 | &nbsp;&nbsp;&nbsp; (0.44) | (0.20) | (0.64) | 22.83 | &nbsp;&nbsp;&nbsp;&nbsp;1.97 | &nbsp;&nbsp;&nbsp;&nbsp;1.96 | 1.23 | &nbsp;&nbsp;&nbsp;&nbsp; 23 | 13.71 | &nbsp;&nbsp;&nbsp; 1  |
| 11/01/23 | 12/31/23 | 18.48 | 0.01 | 2.57 | 2.58 | &nbsp;&nbsp;&nbsp; (0.42) |  | (0.42) | 20.64 | &nbsp;&nbsp;&nbsp;&nbsp;2.00 | &nbsp;&nbsp;&nbsp;&nbsp;2.08 | 0.31 | &nbsp;&nbsp;&nbsp;&nbsp; 7 | 13.98 | &nbsp;&nbsp;&nbsp; 1  |
| 11/01/22 | 10/31/23 | 16.24 | 0.20 | 2.20 | 2.40 | &nbsp;&nbsp;&nbsp; (0.16) |  | (0.16) | 18.48 | &nbsp;&nbsp;&nbsp;&nbsp;2.00 | &nbsp;&nbsp;&nbsp;&nbsp;2.00 | 1.06 | &nbsp;&nbsp;&nbsp;&nbsp; 44 | 14.83 | &nbsp;&nbsp;&nbsp; 1  |
| 11/01/21 | 10/31/22 | 20.56 | 0.33 | &nbsp;&nbsp; (4.46) | (4.13) | &nbsp;&nbsp;&nbsp; (0.19) |  | (0.19) | 16.24 | &nbsp;&nbsp;&nbsp;&nbsp;2.08 | &nbsp;&nbsp;&nbsp;&nbsp;4.11 | 1.76 | &nbsp;&nbsp;&nbsp;&nbsp; 66 | (20.28) | &nbsp;&nbsp;&nbsp; 1  |
| 11/01/20 | 10/31/21 | 14.95 | 0.17 | 5.45 | 5.62 | &nbsp;&nbsp;&nbsp; (0.01) |  | (0.01) | 20.56 | &nbsp;&nbsp;&nbsp;&nbsp;2.20 | &nbsp;&nbsp;&nbsp;&nbsp;5.90 | 0.90 | &nbsp;&nbsp;&nbsp;&nbsp; 80 | 37.63 | &nbsp;&nbsp;&nbsp; 2  |
| **Class I\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 23.46 | 0.62 | 8.60 | 9.22 | &nbsp;&nbsp;&nbsp; (0.95) |  | (0.95) | 31.73 | &nbsp;&nbsp;&nbsp;&nbsp;0.95 | &nbsp;&nbsp;&nbsp;&nbsp;0.98 | 2.22 | &nbsp;&nbsp;&nbsp;&nbsp; 15 | 39.30 | &nbsp;&nbsp;&nbsp; 843  |
| 01/01/24 | 12/31/24 | 21.20 | 0.53 | 2.63 | 3.16 | &nbsp;&nbsp;&nbsp; (0.69) | (0.21) | (0.90) | 23.46 | &nbsp;&nbsp;&nbsp;&nbsp;0.95 | &nbsp;&nbsp;&nbsp;&nbsp;0.99 | 2.22 | &nbsp;&nbsp;&nbsp;&nbsp; 23 | 14.89 | &nbsp;&nbsp;&nbsp; 492  |
| 11/01/23 | 12/31/23 | 19.11 | 0.05 | 2.66 | 2.71 | &nbsp;&nbsp;&nbsp; (0.62) |  | (0.62) | 21.20 | &nbsp;&nbsp;&nbsp;&nbsp;0.95 | &nbsp;&nbsp;&nbsp;&nbsp;1.11 | 1.37 | &nbsp;&nbsp;&nbsp;&nbsp; 7 | 14.21 | &nbsp;&nbsp;&nbsp; 340  |
| 11/01/22 | 10/31/23 | 16.61 | 0.42 | 2.24 | 2.66 | &nbsp;&nbsp;&nbsp; (0.16) |  | (0.16) | 19.11 | &nbsp;&nbsp;&nbsp;&nbsp;0.95 | &nbsp;&nbsp;&nbsp;&nbsp;1.03 | 2.14 | &nbsp;&nbsp;&nbsp;&nbsp; 44 | 16.05 | &nbsp;&nbsp;&nbsp; 308  |
| 11/01/21 | 10/31/22 | 20.99 | 0.32 | &nbsp;&nbsp; (4.32) | (4.00) | &nbsp;&nbsp;&nbsp; (0.38) |  | (0.38) | 16.61 | &nbsp;&nbsp;&nbsp;&nbsp;0.96 | &nbsp;&nbsp;&nbsp;&nbsp;1.38 | 1.87 | &nbsp;&nbsp;&nbsp;&nbsp; 66 | (19.44) | &nbsp;&nbsp;&nbsp; 309  |
| 11/01/20 | 10/31/21 | 15.26 | 0.38 | 5.55 | 5.93 | &nbsp;&nbsp;&nbsp; (0.20) |  | (0.20) | 20.99 | &nbsp;&nbsp;&nbsp;&nbsp;1.15 | &nbsp;&nbsp;&nbsp;&nbsp;4.90 | 1.95 | &nbsp;&nbsp;&nbsp;&nbsp; 80 | 39.05 | &nbsp;&nbsp;&nbsp; 6  |
| **Class R-6\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 23.20 | 0.68 | 8.48 | 9.16 | &nbsp;&nbsp;&nbsp; (0.98) |  | (0.98) | 31.38 | &nbsp;&nbsp;&nbsp;&nbsp;0.85 | &nbsp;&nbsp;&nbsp;&nbsp;0.89 | 2.45 | &nbsp;&nbsp;&nbsp;&nbsp; 15 | 39.45 | &nbsp;&nbsp;&nbsp; 24  |
| 01/01/24 | 12/31/24 | 20.97 | 0.55 | 2.60 | 3.15 | &nbsp;&nbsp;&nbsp; (0.71) | (0.21) | (0.92) | 23.20 | &nbsp;&nbsp;&nbsp;&nbsp;0.85 | &nbsp;&nbsp;&nbsp;&nbsp;0.90 | 2.36 | &nbsp;&nbsp;&nbsp;&nbsp; 23 | 15.00 | &nbsp;&nbsp;&nbsp; 10  |
| 11/01/23 | 12/31/23 | 18.93 | 0.05 | 2.64 | 2.69 | &nbsp;&nbsp;&nbsp; (0.65) |  | (0.65) | 20.97 | &nbsp;&nbsp;&nbsp;&nbsp;0.85 | &nbsp;&nbsp;&nbsp;&nbsp;1.02 | 1.45 | &nbsp;&nbsp;&nbsp;&nbsp; 7 | 14.20 | &nbsp;&nbsp;&nbsp; 9  |
| 11/01/22 | 10/31/23 | 16.68 | 0.27 | 2.34 | 2.61 | &nbsp;&nbsp;&nbsp; (0.36) |  | (0.36) | 18.93 | &nbsp;&nbsp;&nbsp;&nbsp;0.85 | &nbsp;&nbsp;&nbsp;&nbsp;0.95 | 1.40 | &nbsp;&nbsp;&nbsp;&nbsp; 44 | 15.78 | &nbsp;&nbsp;&nbsp; 8  |
| 11/01/21 | 10/31/22 | 21.06 | 0.75 | &nbsp;&nbsp; (4.74) | (3.99) | &nbsp;&nbsp;&nbsp; (0.39) |  | (0.39) | 16.68 | &nbsp;&nbsp;&nbsp;&nbsp;0.86 | &nbsp;&nbsp;&nbsp;&nbsp;2.65 | 4.13 | &nbsp;&nbsp;&nbsp;&nbsp; 66 | (19.32) | &nbsp;&nbsp;&nbsp; 12  |
| 11/01/20 | 10/31/21 | 15.31 | 0.39 | 5.57 | 5.96 | &nbsp;&nbsp;&nbsp; (0.21) |  | (0.21) | 21.06 | &nbsp;&nbsp;&nbsp;&nbsp;1.05 | &nbsp;&nbsp;&nbsp;&nbsp;4.82 | 2.03 | &nbsp;&nbsp;&nbsp;&nbsp; 80 | 39.19 | &nbsp;&nbsp;&nbsp; 0  |

---

The accompanying notes are an integral part of these financial statements.

85<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Financial Highlights** 

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | **From investment operations** | **From investment operations** | **From investment operations** | **From investment operations** | **Dividends & distributions** | **Dividends & distributions** | **Dividends & distributions** |  | **Ratios to average net asset (%)** | **Ratios to average net asset (%)** | **Ratios to average net asset (%)** |  |  |  |
| **Fiscal period**  | **Fiscal period**  | **Beginning** <br>**net asset** <br>**value** | **Income** <br>(loss) | **Realized &** <br>**unrealized** <br>**gain (loss)** | **Total** | **From** <br>**investment** <br>**income** | **From** <br>**realized** <br>**gains** | **Total** | **Ending** <br>**net** <br>**asset** <br>**value** | **With** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Without** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Net** <br>**income** <br>(loss)<sup>(a)</sup> | **Portfolio** <br>**turnover** <br>**rate (%)<sup>(b)</sup>** | **Total** <br>**return** <br>**(%)<sup>(b)(c)</sup>** | **Ending** <br>**net** <br>**assets** <br>(millions)  |
| **Beginning** | **Ending**  | **Beginning** <br>**net asset** <br>**value** | **Income** <br>(loss) | **Realized &** <br>**unrealized** <br>**gain (loss)** | **Total** | **From** <br>**investment** <br>**income** | **From** <br>**realized** <br>**gains** | **Total** | **Ending** <br>**net** <br>**asset** <br>**value** | **With** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Without** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Net** <br>**income** <br>(loss)<sup>(a)</sup> | **Portfolio** <br>**turnover** <br>**rate (%)<sup>(b)</sup>** | **Total** <br>**return** <br>**(%)<sup>(b)(c)</sup>** | **Ending** <br>**net** <br>**assets** <br>(millions)  |
| **Carillon Eagle Growth & Income Fund** | **Carillon Eagle Growth & Income Fund** | **Carillon Eagle Growth & Income Fund** | **Carillon Eagle Growth & Income Fund** | **Carillon Eagle Growth & Income Fund** | **Carillon Eagle Growth & Income Fund** | **Carillon Eagle Growth & Income Fund** | **Carillon Eagle Growth & Income Fund** | **Carillon Eagle Growth & Income Fund** | **Carillon Eagle Growth & Income Fund** | **Carillon Eagle Growth & Income Fund** | **Carillon Eagle Growth & Income Fund** | **Carillon Eagle Growth & Income Fund** | **Carillon Eagle Growth & Income Fund** | **Carillon Eagle Growth & Income Fund** | **Carillon Eagle Growth & Income Fund** |
| **Class A\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | $20.33 | $0.26 | &nbsp;&nbsp; $2.35 | $2.61 | &nbsp;&nbsp;&nbsp; $(0.25) | $(3.52) | $(3.77) | 19.17 | &nbsp;&nbsp;&nbsp;&nbsp;0.97 | &nbsp;&nbsp;&nbsp;&nbsp;0.97 | 1.24 | &nbsp;&nbsp;&nbsp;&nbsp; 47 | 12.69 | &nbsp;&nbsp; 189  |
| 01/01/24 | 12/31/24 | 20.59 | 0.32 | 2.88 | 3.20 | &nbsp;&nbsp;&nbsp; (0.34) | (3.12) | (3.46) | 20.33 | &nbsp;&nbsp;&nbsp;&nbsp;0.97 | &nbsp;&nbsp;&nbsp;&nbsp;0.97 | 1.44 | &nbsp;&nbsp;&nbsp;&nbsp; 40 | 15.63 | &nbsp;&nbsp; 205  |
| 11/01/23 | 12/31/23 | 20.12 | 0.07 | 2.85 | 2.92 | &nbsp;&nbsp;&nbsp; (0.07) | (2.38) | (2.45) | 20.59 | &nbsp;&nbsp;&nbsp;&nbsp;1.02 | &nbsp;&nbsp;&nbsp;&nbsp;1.02 | 2.01 | &nbsp;&nbsp;&nbsp;&nbsp; 5 | 14.57 | &nbsp;&nbsp; 206  |
| 11/01/22 | 10/31/23 | 21.95 | 0.37 | &nbsp;&nbsp; (0.61) | (0.24) | &nbsp;&nbsp;&nbsp; (0.37) | (1.22) | (1.59) | 20.12 | &nbsp;&nbsp;&nbsp;&nbsp;0.98 | &nbsp;&nbsp;&nbsp;&nbsp;0.98 | 1.71 | &nbsp;&nbsp;&nbsp;&nbsp; 40 | (1.38) | &nbsp;&nbsp; 186  |
| 11/01/21 | 10/31/22 | 26.51 | 0.34 | &nbsp;&nbsp; (2.51) | (2.17) | &nbsp;&nbsp;&nbsp; (0.35) | (2.04) | (2.39) | 21.95 | &nbsp;&nbsp;&nbsp;&nbsp;0.96 | &nbsp;&nbsp;&nbsp;&nbsp;0.96 | 1.44 | &nbsp;&nbsp;&nbsp;&nbsp; 21 | (8.95) | &nbsp;&nbsp; 210  |
| 11/01/20 | 10/31/21 | 20.22 | 0.34 | 7.02 | 7.36 | &nbsp;&nbsp;&nbsp; (0.34) | (0.73) | (1.07) | 26.51 | &nbsp;&nbsp;&nbsp;&nbsp;0.96 | &nbsp;&nbsp;&nbsp;&nbsp;0.96 | 1.42 | &nbsp;&nbsp;&nbsp;&nbsp; 32 | 37.44 | &nbsp;&nbsp; 234  |
| **Class C\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 19.11 | 0.10 | 2.20 | 2.30 | &nbsp;&nbsp;&nbsp; (0.10) | (3.30) | (3.40) | 18.01 | &nbsp;&nbsp;&nbsp;&nbsp;1.71 | &nbsp;&nbsp;&nbsp;&nbsp;1.71 | 0.51 | &nbsp;&nbsp;&nbsp;&nbsp; 47 | 11.87 | &nbsp;&nbsp; 25  |
| 01/01/24 | 12/31/24 | 19.37 | 0.14 | 2.72 | 2.86 | &nbsp;&nbsp;&nbsp; (0.19) | (2.93) | (3.12) | 19.11 | &nbsp;&nbsp;&nbsp;&nbsp;1.71 | &nbsp;&nbsp;&nbsp;&nbsp;1.71 | 0.69 | &nbsp;&nbsp;&nbsp;&nbsp; 40 | 14.77 | &nbsp;&nbsp; 31  |
| 11/01/23 | 12/31/23 | 18.91 | 0.04 | 2.68 | 2.72 | &nbsp;&nbsp;&nbsp; (0.03) | (2.23) | (2.26) | 19.37 | &nbsp;&nbsp;&nbsp;&nbsp;1.76 | &nbsp;&nbsp;&nbsp;&nbsp;1.76 | 1.26 | &nbsp;&nbsp;&nbsp;&nbsp; 5 | 14.48 | &nbsp;&nbsp; 40  |
| 11/01/22 | 10/31/23 | 20.73 | 0.20 | &nbsp;&nbsp; (0.58) | (0.38) | &nbsp;&nbsp;&nbsp; (0.22) | (1.22) | (1.44) | 18.91 | &nbsp;&nbsp;&nbsp;&nbsp;1.71 | &nbsp;&nbsp;&nbsp;&nbsp;1.71 | 0.99 | &nbsp;&nbsp;&nbsp;&nbsp; 40 | (2.13) | &nbsp;&nbsp; 38  |
| 11/01/21 | 10/31/22 | 25.17 | 0.16 | &nbsp;&nbsp; (2.37) | (2.21) | &nbsp;&nbsp;&nbsp; (0.19) | (2.04) | (2.23) | 20.73 | &nbsp;&nbsp;&nbsp;&nbsp;1.68 | &nbsp;&nbsp;&nbsp;&nbsp;1.68 | 0.72 | &nbsp;&nbsp;&nbsp;&nbsp; 21 | (9.63) | &nbsp;&nbsp; 53  |
| 11/01/20 | 10/31/21 | 19.24 | 0.16 | 6.67 | 6.83 | &nbsp;&nbsp;&nbsp; (0.17) | (0.73) | (0.90) | 25.17 | &nbsp;&nbsp;&nbsp;&nbsp;1.69 | &nbsp;&nbsp;&nbsp;&nbsp;1.69 | 0.72 | &nbsp;&nbsp;&nbsp;&nbsp; 32 | 36.47 | &nbsp;&nbsp; 79  |
| **Class I\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 20.24 | 0.32 | 2.34 | 2.66 | &nbsp;&nbsp;&nbsp; (0.30) | (3.51) | (3.81) | 19.09 | &nbsp;&nbsp;&nbsp;&nbsp;0.72 | &nbsp;&nbsp;&nbsp;&nbsp;0.72 | 1.50 | &nbsp;&nbsp;&nbsp;&nbsp; 47 | 13.04 | &nbsp;&nbsp; 263  |
| 01/01/24 | 12/31/24 | 20.51 | 0.38 | 2.86 | 3.24 | &nbsp;&nbsp;&nbsp; (0.40) | (3.11) | (3.51) | 20.24 | &nbsp;&nbsp;&nbsp;&nbsp;0.71 | &nbsp;&nbsp;&nbsp;&nbsp;0.71 | 1.70 | &nbsp;&nbsp;&nbsp;&nbsp; 40 | 15.90 | &nbsp;&nbsp; 312  |
| 11/01/23 | 12/31/23 | 20.04 | 0.08 | 2.85 | 2.93 | &nbsp;&nbsp;&nbsp; (0.09) | (2.37) | (2.46) | 20.51 | &nbsp;&nbsp;&nbsp;&nbsp;0.77 | &nbsp;&nbsp;&nbsp;&nbsp;0.77 | 2.27 | &nbsp;&nbsp;&nbsp;&nbsp; 5 | 14.66 | &nbsp;&nbsp; 352  |
| 11/01/22 | 10/31/23 | 21.88 | 0.43 | &nbsp;&nbsp; (0.62) | (0.19) | &nbsp;&nbsp;&nbsp; (0.43) | (1.22) | (1.65) | 20.04 | &nbsp;&nbsp;&nbsp;&nbsp;0.72 | &nbsp;&nbsp;&nbsp;&nbsp;0.72 | 1.98 | &nbsp;&nbsp;&nbsp;&nbsp; 40 | (1.18) | &nbsp;&nbsp; 334  |
| 11/01/21 | 10/31/22 | 26.43 | 0.40 | &nbsp;&nbsp; (2.49) | (2.09) | &nbsp;&nbsp;&nbsp; (0.42) | (2.04) | (2.46) | 21.88 | &nbsp;&nbsp;&nbsp;&nbsp;0.69 | &nbsp;&nbsp;&nbsp;&nbsp;0.69 | 1.71 | &nbsp;&nbsp;&nbsp;&nbsp; 21 | (8.68) | &nbsp;&nbsp; 556  |
| 11/01/20 | 10/31/21 | 20.16 | 0.41 | 7.00 | 7.41 | &nbsp;&nbsp;&nbsp; (0.41) | (0.73) | (1.14) | 26.43 | &nbsp;&nbsp;&nbsp;&nbsp;0.68 | &nbsp;&nbsp;&nbsp;&nbsp;0.68 | 1.70 | &nbsp;&nbsp;&nbsp;&nbsp; 32 | 37.83 | &nbsp;&nbsp; 661  |
| **Class R-6\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 20.19 | 0.33 | 2.34 | 2.67 | &nbsp;&nbsp;&nbsp; (0.32) | (3.50) | (3.82) | 19.04 | &nbsp;&nbsp;&nbsp;&nbsp;0.64 | &nbsp;&nbsp;&nbsp;&nbsp;0.64 | 1.57 | &nbsp;&nbsp;&nbsp;&nbsp; 47 | 13.12 | &nbsp;&nbsp; 15  |
| 01/01/24 | 12/31/24 | 20.47 | 0.39 | 2.85 | 3.24 | &nbsp;&nbsp;&nbsp; (0.42) | (3.10) | (3.52) | 20.19 | &nbsp;&nbsp;&nbsp;&nbsp;0.63 | &nbsp;&nbsp;&nbsp;&nbsp;0.63 | 1.77 | &nbsp;&nbsp;&nbsp;&nbsp; 40 | 15.93 | &nbsp;&nbsp; 9  |
| 11/01/23 | 12/31/23 | 20.00 | 0.08 | 2.85 | 2.93 | &nbsp;&nbsp;&nbsp; (0.09) | (2.37) | (2.46) | 20.47 | &nbsp;&nbsp;&nbsp;&nbsp;0.69 | &nbsp;&nbsp;&nbsp;&nbsp;0.69 | 2.35 | &nbsp;&nbsp;&nbsp;&nbsp; 5 | 14.69 | &nbsp;&nbsp; 9  |
| 11/01/22 | 10/31/23 | 21.84 | 0.44 | &nbsp;&nbsp; (0.61) | (0.17) | &nbsp;&nbsp;&nbsp; (0.45) | (1.22) | (1.67) | 20.00 | &nbsp;&nbsp;&nbsp;&nbsp;0.64 | &nbsp;&nbsp;&nbsp;&nbsp;0.64 | 2.05 | &nbsp;&nbsp;&nbsp;&nbsp; 40 | (1.08) | &nbsp;&nbsp; 8  |
| 11/01/21 | 10/31/22 | 26.39 | 0.42 | &nbsp;&nbsp; (2.49) | (2.07) | &nbsp;&nbsp;&nbsp; (0.44) | (2.04) | (2.48) | 21.84 | &nbsp;&nbsp;&nbsp;&nbsp;0.61 | &nbsp;&nbsp;&nbsp;&nbsp;0.61 | 1.79 | &nbsp;&nbsp;&nbsp;&nbsp; 21 | (8.61) | &nbsp;&nbsp; 9  |
| 11/01/20 | 10/31/21 | 20.13 | 0.42 | 7.00 | 7.42 | &nbsp;&nbsp;&nbsp; (0.43) | (0.73) | (1.16) | 26.39 | &nbsp;&nbsp;&nbsp;&nbsp;0.61 | &nbsp;&nbsp;&nbsp;&nbsp;0.61 | 1.73 | &nbsp;&nbsp;&nbsp;&nbsp; 32 | 37.94 | &nbsp;&nbsp; 8  |
| **Carillon Eagle Mid Cap Growth Fund** | **Carillon Eagle Mid Cap Growth Fund** | **Carillon Eagle Mid Cap Growth Fund** | **Carillon Eagle Mid Cap Growth Fund** | **Carillon Eagle Mid Cap Growth Fund** | **Carillon Eagle Mid Cap Growth Fund** | **Carillon Eagle Mid Cap Growth Fund** | **Carillon Eagle Mid Cap Growth Fund** | **Carillon Eagle Mid Cap Growth Fund** | **Carillon Eagle Mid Cap Growth Fund** | **Carillon Eagle Mid Cap Growth Fund** | **Carillon Eagle Mid Cap Growth Fund** | **Carillon Eagle Mid Cap Growth Fund** | **Carillon Eagle Mid Cap Growth Fund** | **Carillon Eagle Mid Cap Growth Fund** | **Carillon Eagle Mid Cap Growth Fund** |
| **Class A\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 70.43 | (0.43) | 3.80 | 3.37 | &nbsp;&nbsp;&nbsp; — | (8.98) | (8.98) | 64.82 | &nbsp;&nbsp;&nbsp;&nbsp;1.05 | &nbsp;&nbsp;&nbsp;&nbsp;1.05 | (0.59) | &nbsp;&nbsp;&nbsp;&nbsp; 41 | 4.50 | &nbsp;&nbsp; 522  |
| 01/01/24 | 12/31/24 | 70.53 | (0.39) | 9.44 | 9.05 | &nbsp;&nbsp;&nbsp; — | (9.15) | (9.15) | 70.43 | &nbsp;&nbsp;&nbsp;&nbsp;1.05 | &nbsp;&nbsp;&nbsp;&nbsp;1.05 | (0.53) | &nbsp;&nbsp;&nbsp;&nbsp; 52 | 12.76 | &nbsp;&nbsp; 582  |
| 11/01/23 | 12/31/23 | 66.19 | (0.02) | 12.64 | 12.62 | &nbsp;&nbsp;&nbsp; — | (8.28) | (8.28) | 70.53 | &nbsp;&nbsp;&nbsp;&nbsp;1.05 | &nbsp;&nbsp;&nbsp;&nbsp;1.05 | (0.16) | &nbsp;&nbsp;&nbsp;&nbsp; 3 | 19.12 | &nbsp;&nbsp; 618  |
| 11/01/22 | 10/31/23 | 68.34 | (0.31) | &nbsp;&nbsp; (0.91) | (1.22) | &nbsp;&nbsp;&nbsp; — | (0.93) | (0.93) | 66.19 | &nbsp;&nbsp;&nbsp;&nbsp;1.05 | &nbsp;&nbsp;&nbsp;&nbsp;1.05 | (0.45) | &nbsp;&nbsp;&nbsp;&nbsp; 49 | (1.78) | &nbsp;&nbsp; 539  |
| 11/01/21 | 10/31/22 | 104.16 | (0.47) | &nbsp;&nbsp; (25.60) | (26.07) | &nbsp;&nbsp;&nbsp; — | (9.75) | (9.75) | 68.34 | &nbsp;&nbsp;&nbsp;&nbsp;1.04 | &nbsp;&nbsp;&nbsp;&nbsp;1.04 | (0.61) | &nbsp;&nbsp;&nbsp;&nbsp; 34 | (26.95) | &nbsp;&nbsp; 595  |
| 11/01/20 | 10/31/21 | 77.60 | (0.63) | 29.23 | 28.60 | &nbsp;&nbsp;&nbsp; — | (2.04) | (2.04) | 104.16 | &nbsp;&nbsp;&nbsp;&nbsp;1.03 | &nbsp;&nbsp;&nbsp;&nbsp;1.03 | (0.67) | &nbsp;&nbsp;&nbsp;&nbsp; 23 | 37.25 | &nbsp;&nbsp; 942  |
| **Class C\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 50.36 | (0.66) | 2.71 | 2.05 | &nbsp;&nbsp;&nbsp; — | (6.38) | (6.38) | 46.03 | &nbsp;&nbsp;&nbsp;&nbsp;1.75 | &nbsp;&nbsp;&nbsp;&nbsp;1.75 | (1.29) | &nbsp;&nbsp;&nbsp;&nbsp; 41 | 3.78 | &nbsp;&nbsp; 29  |
| 01/01/24 | 12/31/24 | 50.78 | (0.65) | 6.78 | 6.13 | &nbsp;&nbsp;&nbsp; — | (6.55) | (6.55) | 50.36 | &nbsp;&nbsp;&nbsp;&nbsp;1.74 | &nbsp;&nbsp;&nbsp;&nbsp;1.74 | (1.22) | &nbsp;&nbsp;&nbsp;&nbsp; 52 | 11.99 | &nbsp;&nbsp; 56  |
| 11/01/23 | 12/31/23 | 47.71 | (0.07) | 9.10 | 9.03 | &nbsp;&nbsp;&nbsp; — | (5.96) | (5.96) | 50.78 | &nbsp;&nbsp;&nbsp;&nbsp;1.74 | &nbsp;&nbsp;&nbsp;&nbsp;1.74 | (0.84) | &nbsp;&nbsp;&nbsp;&nbsp; 3 | 18.99 | &nbsp;&nbsp; 70  |
| 11/01/22 | 10/31/23 | 49.85 | (0.57) | &nbsp;&nbsp; (0.64) | (1.21) | &nbsp;&nbsp;&nbsp; — | (0.93) | (0.93) | 47.71 | &nbsp;&nbsp;&nbsp;&nbsp;1.73 | &nbsp;&nbsp;&nbsp;&nbsp;1.73 | (1.12) | &nbsp;&nbsp;&nbsp;&nbsp; 49 | (2.43) | &nbsp;&nbsp; 64  |
| 11/01/21 | 10/31/22 | 79.34 | (0.74) | &nbsp;&nbsp; (19.00) | (19.74) | &nbsp;&nbsp;&nbsp; — | (9.75) | (9.75) | 49.85 | &nbsp;&nbsp;&nbsp;&nbsp;1.72 | &nbsp;&nbsp;&nbsp;&nbsp;1.72 | (1.29) | &nbsp;&nbsp;&nbsp;&nbsp; 34 | (27.46) | &nbsp;&nbsp; 84  |
| 11/01/20 | 10/31/21 | 59.92 | (0.97) | 22.43 | 21.46 | &nbsp;&nbsp;&nbsp; — | (2.04) | (2.04) | 79.34 | &nbsp;&nbsp;&nbsp;&nbsp;1.71 | &nbsp;&nbsp;&nbsp;&nbsp;1.71 | (1.35) | &nbsp;&nbsp;&nbsp;&nbsp; 23 | 36.30 | &nbsp;&nbsp; 141  |
| **Class I\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 76.89 | (0.23) | 4.16 | 3.93 | &nbsp;&nbsp;&nbsp; — | (9.84) | (9.84) | 70.98 | &nbsp;&nbsp;&nbsp;&nbsp;0.75 | &nbsp;&nbsp;&nbsp;&nbsp;0.75 | (0.29) | &nbsp;&nbsp;&nbsp;&nbsp; 41 | 4.82 | &nbsp;&nbsp; 1481  |
| 01/01/24 | 12/31/24 | 76.77 | (0.18) | 10.29 | 10.11 | &nbsp;&nbsp;&nbsp; — | (9.99) | (9.99) | 76.89 | &nbsp;&nbsp;&nbsp;&nbsp;0.75 | &nbsp;&nbsp;&nbsp;&nbsp;0.75 | (0.22) | &nbsp;&nbsp;&nbsp;&nbsp; 52 | 13.10 | &nbsp;&nbsp; 2071  |
| 11/01/23 | 12/31/23 | 72.00 | 0.02 | 13.76 | 13.78 | &nbsp;&nbsp;&nbsp; — | (9.01) | (9.01) | 76.77 | &nbsp;&nbsp;&nbsp;&nbsp;0.73 | &nbsp;&nbsp;&nbsp;&nbsp;0.73 | 0.15 | &nbsp;&nbsp;&nbsp;&nbsp; 3 | 19.20 | &nbsp;&nbsp; 1296  |
| 11/01/22 | 10/31/23 | 74.02 | (0.09) | &nbsp;&nbsp; (1.00) | (1.09) | &nbsp;&nbsp;&nbsp; — | (0.93) | (0.93) | 72.00 | &nbsp;&nbsp;&nbsp;&nbsp;0.73 | &nbsp;&nbsp;&nbsp;&nbsp;0.73 | (0.12) | &nbsp;&nbsp;&nbsp;&nbsp; 49 | (1.46) | &nbsp;&nbsp; 1136  |
| 11/01/21 | 10/31/22 | 111.62 | (0.24) | &nbsp;&nbsp; (27.61) | (27.85) | &nbsp;&nbsp;&nbsp; — | (9.75) | (9.75) | 74.02 | &nbsp;&nbsp;&nbsp;&nbsp;0.72 | &nbsp;&nbsp;&nbsp;&nbsp;0.72 | (0.29) | &nbsp;&nbsp;&nbsp;&nbsp; 34 | (26.72) | &nbsp;&nbsp; 1368  |
| 11/01/20 | 10/31/21 | 82.78 | (0.37) | 31.25 | 30.88 | &nbsp;&nbsp;&nbsp; — | (2.04) | (2.04) | 111.62 | &nbsp;&nbsp;&nbsp;&nbsp;0.72 | &nbsp;&nbsp;&nbsp;&nbsp;0.72 | (0.37) | &nbsp;&nbsp;&nbsp;&nbsp; 23 | 37.68 | &nbsp;&nbsp; 1993  |
| **Class R-6\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 77.95 | (0.15) | 4.21 | 4.06 | &nbsp;&nbsp;&nbsp; — | (9.98) | (9.98) | 72.03 | &nbsp;&nbsp;&nbsp;&nbsp;0.66 | &nbsp;&nbsp;&nbsp;&nbsp;0.66 | (0.19) | &nbsp;&nbsp;&nbsp;&nbsp; 41 | 4.92 | &nbsp;&nbsp; 3227  |
| 01/01/24 | 12/31/24 | 77.75 | (0.11) | 10.44 | 10.33 | &nbsp;&nbsp;&nbsp; — | (10.13) | (10.13) | 77.95 | &nbsp;&nbsp;&nbsp;&nbsp;0.66 | &nbsp;&nbsp;&nbsp;&nbsp;0.66 | (0.13) | &nbsp;&nbsp;&nbsp;&nbsp; 52 | 13.21 | &nbsp;&nbsp; 3527  |
| 11/01/23 | 12/31/23 | 72.91 | 0.03 | 13.94 | 13.97 | &nbsp;&nbsp;&nbsp; — | (9.13) | (9.13) | 77.75 | &nbsp;&nbsp;&nbsp;&nbsp;0.65 | &nbsp;&nbsp;&nbsp;&nbsp;0.65 | 0.23 | &nbsp;&nbsp;&nbsp;&nbsp; 3 | 19.22 | &nbsp;&nbsp; 3560  |
| 11/01/22 | 10/31/23 | 74.88 | (0.03) | &nbsp;&nbsp; (1.01) | (1.04) | &nbsp;&nbsp;&nbsp; — | (0.93) | (0.93) | 72.91 | &nbsp;&nbsp;&nbsp;&nbsp;0.64 | &nbsp;&nbsp;&nbsp;&nbsp;0.64 | (0.04) | &nbsp;&nbsp;&nbsp;&nbsp; 49 | (1.38) | &nbsp;&nbsp; 3037  |
| 11/01/21 | 10/31/22 | 112.71 | (0.18) | &nbsp;&nbsp; (27.90) | (28.08) | &nbsp;&nbsp;&nbsp; — | (9.75) | (9.75) | 74.88 | &nbsp;&nbsp;&nbsp;&nbsp;0.64 | &nbsp;&nbsp;&nbsp;&nbsp;0.64 | (0.21) | &nbsp;&nbsp;&nbsp;&nbsp; 34 | (26.66) | &nbsp;&nbsp; 3263  |
| 11/01/20 | 10/31/21 | 83.51 | (0.28) | 31.52 | 31.24 | &nbsp;&nbsp;&nbsp; — | (2.04) | (2.04) | 112.71 | &nbsp;&nbsp;&nbsp;&nbsp;0.63 | &nbsp;&nbsp;&nbsp;&nbsp;0.63 | (0.28) | &nbsp;&nbsp;&nbsp;&nbsp; 23 | 37.79 | &nbsp;&nbsp; 4561  |

---

The accompanying notes are an integral part of these financial statements.

86<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Financial Highlights** 

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | **From investment operations** | **From investment operations** | **From investment operations** | **From investment operations** | **Dividends & distributions** | **Dividends & distributions** | **Dividends & distributions** |  | **Ratios to average net asset (%)** | **Ratios to average net asset (%)** | **Ratios to average net asset (%)** |  |  |  |
| **Fiscal period**  | **Fiscal period**  | **Beginning** <br>**net asset** <br>**value** | **Income** <br>(loss) | **Realized &** <br>**unrealized** <br>**gain (loss)** | **Total** | **From** <br>**investment** <br>**income** | **From** <br>**realized** <br>**gains** | **Total** | **Ending** <br>**net** <br>**asset** <br>**value** | **With** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Without** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Net** <br>**income** <br>(loss)<sup>(a)</sup> | **Portfolio** <br>**turnover** <br>**rate (%)<sup>(b)</sup>** | **Total** <br>**return** <br>**(%)<sup>(b)(c)</sup>** | **Ending** <br>**net** <br>**assets** <br>(millions)  |
| **Beginning** | **Ending**  | **Beginning** <br>**net asset** <br>**value** | **Income** <br>(loss) | **Realized &** <br>**unrealized** <br>**gain (loss)** | **Total** | **From** <br>**investment** <br>**income** | **From** <br>**realized** <br>**gains** | **Total** | **Ending** <br>**net** <br>**asset** <br>**value** | **With** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Without** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Net** <br>**income** <br>(loss)<sup>(a)</sup> | **Portfolio** <br>**turnover** <br>**rate (%)<sup>(b)</sup>** | **Total** <br>**return** <br>**(%)<sup>(b)(c)</sup>** | **Ending** <br>**net** <br>**assets** <br>(millions)  |
| **Carillon Eagle Small Cap Growth Fund** | **Carillon Eagle Small Cap Growth Fund** | **Carillon Eagle Small Cap Growth Fund** | **Carillon Eagle Small Cap Growth Fund** | **Carillon Eagle Small Cap Growth Fund** | **Carillon Eagle Small Cap Growth Fund** | **Carillon Eagle Small Cap Growth Fund** | **Carillon Eagle Small Cap Growth Fund** | **Carillon Eagle Small Cap Growth Fund** | **Carillon Eagle Small Cap Growth Fund** | **Carillon Eagle Small Cap Growth Fund** | **Carillon Eagle Small Cap Growth Fund** | **Carillon Eagle Small Cap Growth Fund** | **Carillon Eagle Small Cap Growth Fund** | **Carillon Eagle Small Cap Growth Fund** | **Carillon Eagle Small Cap Growth Fund** |
| **Class A\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | &nbsp;&nbsp; $20.48 | $(0.13) | &nbsp;&nbsp; $2.48 | $2.35 | &nbsp;&nbsp; $— | $(1.77) | $(1.77) | 21.06 | &nbsp;&nbsp;&nbsp;&nbsp;1.18 | &nbsp;&nbsp;&nbsp;&nbsp;1.18 | (0.60) | &nbsp;&nbsp;&nbsp; 41 | 11.28 | &nbsp;&nbsp; 125  |
| 01/01/24 | 12/31/24 | 22.20 | (0.09) | 2.99 | 2.90 | &nbsp;&nbsp; — | (4.62) | (4.62) | 20.48 | &nbsp;&nbsp;&nbsp;&nbsp;1.17 | &nbsp;&nbsp;&nbsp;&nbsp;1.17 | (0.37) | &nbsp;&nbsp;&nbsp; 53 | 13.04 | &nbsp;&nbsp; 137  |
| 11/01/23 | 12/31/23 | 20.41 | (0.00) | 3.87 | 3.87 | &nbsp;&nbsp; — | (2.08) | (2.08) | 22.20 | &nbsp;&nbsp;&nbsp;&nbsp;1.21 | &nbsp;&nbsp;&nbsp;&nbsp;1.21 | (0.12) | &nbsp;&nbsp;&nbsp; 8 | 19.04 | &nbsp;&nbsp; 146  |
| 11/01/22 | 10/31/23 | 31.07 | (0.14) | &nbsp;&nbsp; (2.21) | (2.35) | &nbsp;&nbsp; — | (8.31) | (8.31) | 20.41 | &nbsp;&nbsp;&nbsp;&nbsp;1.18 | &nbsp;&nbsp;&nbsp;&nbsp;1.18 | (0.61) | &nbsp;&nbsp;&nbsp; 39 | (8.32) | &nbsp;&nbsp; 130  |
| 11/01/21 | 10/31/22 | 61.37 | (0.22) | &nbsp;&nbsp; (13.76) | (13.98) | &nbsp;&nbsp; — | (16.32) | (16.32) | 31.07 | &nbsp;&nbsp;&nbsp;&nbsp;1.10 | &nbsp;&nbsp;&nbsp;&nbsp;1.10 | (0.62) | &nbsp;&nbsp;&nbsp; 40 | (28.12) | &nbsp;&nbsp; 202  |
| 11/01/20 | 10/31/21 | 54.04 | (0.43) | 18.33 | 17.90 | &nbsp;&nbsp; — | (10.57) | (10.57) | 61.37 | &nbsp;&nbsp;&nbsp;&nbsp;1.06 | &nbsp;&nbsp;&nbsp;&nbsp;1.06 | (0.73) | &nbsp;&nbsp;&nbsp; 28 | 34.65 | &nbsp;&nbsp; 384  |
| **Class C\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 2.62 | (0.03) | 0.32 | 0.29 | &nbsp;&nbsp; — | (0.23) | (0.23) | 2.68 | &nbsp;&nbsp;&nbsp;&nbsp;1.87 | &nbsp;&nbsp;&nbsp;&nbsp;1.87 | (1.29) | &nbsp;&nbsp;&nbsp; 41 | 10.69 | &nbsp;&nbsp; 6  |
| 01/01/24 | 12/31/24 | 2.86 | (0.03) | 0.38 | 0.35 | &nbsp;&nbsp; — | (0.59) | (0.59) | 2.62 | &nbsp;&nbsp;&nbsp;&nbsp;1.87 | &nbsp;&nbsp;&nbsp;&nbsp;1.87 | (1.05) | &nbsp;&nbsp;&nbsp; 53 | 12.24 | &nbsp;&nbsp; 8  |
| 11/01/23 | 12/31/23 | 2.64 | (0.00) | 0.49 | 0.49 | &nbsp;&nbsp; — | (0.27) | (0.27) | 2.86 | &nbsp;&nbsp;&nbsp;&nbsp;1.95 | &nbsp;&nbsp;&nbsp;&nbsp;1.95 | (0.85) | &nbsp;&nbsp;&nbsp; 8 | 18.58 | &nbsp;&nbsp; 11  |
| 11/01/22 | 10/31/23 | 11.71 | (0.04) | &nbsp;&nbsp; (0.72) | (0.76) | &nbsp;&nbsp; — | (8.31) | (8.31) | 2.64 | &nbsp;&nbsp;&nbsp;&nbsp;1.88 | &nbsp;&nbsp;&nbsp;&nbsp;1.88 | (1.31) | &nbsp;&nbsp;&nbsp; 39 | (8.84) | &nbsp;&nbsp; 10  |
| 11/01/21 | 10/31/22 | 34.57 | (0.19) | &nbsp;&nbsp; (6.35) | (6.54) | &nbsp;&nbsp; — | (16.32) | (16.32) | 11.71 | &nbsp;&nbsp;&nbsp;&nbsp;1.80 | &nbsp;&nbsp;&nbsp;&nbsp;1.80 | (1.32) | &nbsp;&nbsp;&nbsp; 40 | (28.64) | &nbsp;&nbsp; 16  |
| 11/01/20 | 10/31/21 | 34.32 | (0.48) | 11.30 | 10.82 | &nbsp;&nbsp; — | (10.57) | (10.57) | 34.57 | &nbsp;&nbsp;&nbsp;&nbsp;1.76 | &nbsp;&nbsp;&nbsp;&nbsp;1.76 | (1.41) | &nbsp;&nbsp;&nbsp; 28 | 33.73 | &nbsp;&nbsp; 34  |
| **Class I\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 24.66 | (0.07) | 2.99 | 2.92 | &nbsp;&nbsp; — | (2.14) | (2.14) | 25.44 | &nbsp;&nbsp;&nbsp;&nbsp;0.87 | &nbsp;&nbsp;&nbsp;&nbsp;0.87 | (0.30) | &nbsp;&nbsp;&nbsp; 41 | 11.64 | &nbsp;&nbsp; 168  |
| 01/01/24 | 12/31/24 | 26.65 | (0.01) | 3.58 | 3.57 | &nbsp;&nbsp; — | (5.56) | (5.56) | 24.66 | &nbsp;&nbsp;&nbsp;&nbsp;0.88 | &nbsp;&nbsp;&nbsp;&nbsp;0.88 | (0.05) | &nbsp;&nbsp;&nbsp; 53 | 13.37 | &nbsp;&nbsp; 181  |
| 11/01/23 | 12/31/23 | 24.49 | 0.01 | 4.65 | 4.66 | &nbsp;&nbsp; — | (2.50) | (2.50) | 26.65 | &nbsp;&nbsp;&nbsp;&nbsp;0.92 | &nbsp;&nbsp;&nbsp;&nbsp;0.92 | 0.17 | &nbsp;&nbsp;&nbsp; 8 | 19.10 | &nbsp;&nbsp; 206  |
| 11/01/22 | 10/31/23 | 35.44 | (0.09) | &nbsp;&nbsp; (2.55) | (2.64) | &nbsp;&nbsp; — | (8.31) | (8.31) | 24.49 | &nbsp;&nbsp;&nbsp;&nbsp;0.89 | &nbsp;&nbsp;&nbsp;&nbsp;0.89 | (0.32) | &nbsp;&nbsp;&nbsp; 39 | (8.06) | &nbsp;&nbsp; 181  |
| 11/01/21 | 10/31/22 | 67.29 | (0.13) | &nbsp;&nbsp; (15.40) | (15.53) | &nbsp;&nbsp; — | (16.32) | (16.32) | 35.44 | &nbsp;&nbsp;&nbsp;&nbsp;0.80 | &nbsp;&nbsp;&nbsp;&nbsp;0.80 | (0.32) | &nbsp;&nbsp;&nbsp; 40 | (27.90) | &nbsp;&nbsp; 377  |
| 11/01/20 | 10/31/21 | 58.29 | (0.28) | 19.85 | 19.57 | &nbsp;&nbsp; — | (10.57) | (10.57) | 67.29 | &nbsp;&nbsp;&nbsp;&nbsp;0.77 | &nbsp;&nbsp;&nbsp;&nbsp;0.77 | (0.44) | &nbsp;&nbsp;&nbsp; 28 | 35.04 | &nbsp;&nbsp; 777  |
| **Class R-6\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 25.86 | (0.05) | 3.15 | 3.10 | &nbsp;&nbsp; — | (2.25) | (2.25) | 26.71 | &nbsp;&nbsp;&nbsp;&nbsp;0.78 | &nbsp;&nbsp;&nbsp;&nbsp;0.78 | (0.20) | &nbsp;&nbsp;&nbsp; 41 | 11.78 | &nbsp;&nbsp; 118  |
| 01/01/24 | 12/31/24 | 27.92 | 0.02 | 3.75 | 3.77 | &nbsp;&nbsp; — | (5.83) | (5.83) | 25.86 | &nbsp;&nbsp;&nbsp;&nbsp;0.78 | &nbsp;&nbsp;&nbsp;&nbsp;0.78 | 0.06 | &nbsp;&nbsp;&nbsp; 53 | 13.49 | &nbsp;&nbsp; 130  |
| 11/01/23 | 12/31/23 | 25.65 | 0.01 | 4.88 | 4.89 | &nbsp;&nbsp; — | (2.62) | (2.62) | 27.92 | &nbsp;&nbsp;&nbsp;&nbsp;0.83 | &nbsp;&nbsp;&nbsp;&nbsp;0.83 | 0.26 | &nbsp;&nbsp;&nbsp; 8 | 19.13 | &nbsp;&nbsp; 193  |
| 11/01/22 | 10/31/23 | 36.68 | (0.07) | &nbsp;&nbsp; (2.65) | (2.72) | &nbsp;&nbsp; — | (8.31) | (8.31) | 25.65 | &nbsp;&nbsp;&nbsp;&nbsp;0.78 | &nbsp;&nbsp;&nbsp;&nbsp;0.78 | (0.22) | &nbsp;&nbsp;&nbsp; 39 | (7.99) | &nbsp;&nbsp; 167  |
| 11/01/21 | 10/31/22 | 68.96 | (0.10) | &nbsp;&nbsp; (15.86) | (15.96) | &nbsp;&nbsp; — | (16.32) | (16.32) | 36.68 | &nbsp;&nbsp;&nbsp;&nbsp;0.71 | &nbsp;&nbsp;&nbsp;&nbsp;0.71 | (0.22) | &nbsp;&nbsp;&nbsp; 40 | (27.83) | &nbsp;&nbsp; 336  |
| 11/01/20 | 10/31/21 | 59.47 | (0.22) | 20.28 | 20.06 | &nbsp;&nbsp; — | (10.57) | (10.57) | 68.96 | &nbsp;&nbsp;&nbsp;&nbsp;0.66 | &nbsp;&nbsp;&nbsp;&nbsp;0.66 | (0.33) | &nbsp;&nbsp;&nbsp; 28 | 35.18 | &nbsp;&nbsp; 985  |
| **Carillon Scout Mid Cap Fund** | **Carillon Scout Mid Cap Fund** | **Carillon Scout Mid Cap Fund** | **Carillon Scout Mid Cap Fund** | **Carillon Scout Mid Cap Fund** | **Carillon Scout Mid Cap Fund** | **Carillon Scout Mid Cap Fund** | **Carillon Scout Mid Cap Fund** | **Carillon Scout Mid Cap Fund** | **Carillon Scout Mid Cap Fund** | **Carillon Scout Mid Cap Fund** | **Carillon Scout Mid Cap Fund** | **Carillon Scout Mid Cap Fund** | **Carillon Scout Mid Cap Fund** | **Carillon Scout Mid Cap Fund** | **Carillon Scout Mid Cap Fund** |
| **Class A\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 22.99 | 0.05 | 3.47 | 3.52 | &nbsp;&nbsp; (0.05) | (2.35) | (2.40) | 24.11 | &nbsp;&nbsp;&nbsp;&nbsp;1.25 | &nbsp;&nbsp;&nbsp;&nbsp;1.25 | 0.21 | &nbsp;&nbsp;&nbsp; 57 | 15.15 | &nbsp;&nbsp; 35  |
| 01/01/24 | 12/31/24 | 21.63 | 0.05 | 4.86 | 4.91 | &nbsp;&nbsp; (0.06) | (3.49) | (3.55) | 22.99 | &nbsp;&nbsp;&nbsp;&nbsp;1.25 | &nbsp;&nbsp;&nbsp;&nbsp;1.26 | 0.20 | &nbsp;&nbsp;&nbsp; 72 | 22.67 | &nbsp;&nbsp; 35  |
| 11/01/23 | 12/31/23 | 18.69 | 0.01 | 2.94 | 2.95 | &nbsp;&nbsp; (0.01) |  | (0.01) | 21.63 | &nbsp;&nbsp;&nbsp;&nbsp;1.26 | &nbsp;&nbsp;&nbsp;&nbsp;1.26 | 0.29 | &nbsp;&nbsp;&nbsp; 17 | 15.78 | &nbsp;&nbsp; 26  |
| 11/01/22 | 10/31/23 | 20.09 | (0.00) | &nbsp;&nbsp; (0.65) | (0.65) | &nbsp;&nbsp; (0.16) | (0.59) | (0.75) | 18.69 | &nbsp;&nbsp;&nbsp;&nbsp;1.25 | &nbsp;&nbsp;&nbsp;&nbsp;1.25 | (0.01) | &nbsp;&nbsp;&nbsp; 112 | (3.27) | &nbsp;&nbsp; 23  |
| 11/01/21 | 10/31/22 | 27.73 | 0.14 | &nbsp;&nbsp; (4.97) | (4.83) | &nbsp;&nbsp; (0.01) | (2.80) | (2.81) | 20.09 | &nbsp;&nbsp;&nbsp;&nbsp;1.23 | &nbsp;&nbsp;&nbsp;&nbsp;1.23 | 0.62 | &nbsp;&nbsp;&nbsp; 159 | (18.72) | &nbsp;&nbsp; 26  |
| 11/01/20 | 10/31/21 | 19.92 | (0.06) | 8.39 | 8.33 | &nbsp;&nbsp; — | (0.52) | (0.52) | 27.73 | &nbsp;&nbsp;&nbsp;&nbsp;1.19 | &nbsp;&nbsp;&nbsp;&nbsp;1.19 | (0.22) | &nbsp;&nbsp;&nbsp; 109 | 42.31 | &nbsp;&nbsp; 33  |
| **Class C\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 22.14 | (0.12) | 3.31 | 3.19 | &nbsp;&nbsp; — | (2.24) | (2.24) | 23.09 | &nbsp;&nbsp;&nbsp;&nbsp;1.99 | &nbsp;&nbsp;&nbsp;&nbsp;1.99 | (0.53) | &nbsp;&nbsp;&nbsp; 57 | 14.27 | &nbsp;&nbsp; 18  |
| 01/01/24 | 12/31/24 | 20.93 | (0.13) | 4.69 | 4.56 | &nbsp;&nbsp; (0.00)<sup>(d)</sup> | (3.35) | (3.35) | 22.14 | &nbsp;&nbsp;&nbsp;&nbsp;2.00 | &nbsp;&nbsp;&nbsp;&nbsp;2.00 | (0.56) | &nbsp;&nbsp;&nbsp; 72 | 21.80 | &nbsp;&nbsp; 19  |
| 11/01/23 | 12/31/23 | 18.11 | (0.01) | 2.83 | 2.82 | &nbsp;&nbsp; — |  |  | 20.93 | &nbsp;&nbsp;&nbsp;&nbsp;2.00 | &nbsp;&nbsp;&nbsp;&nbsp;2.00 | (0.45) | &nbsp;&nbsp;&nbsp; 17 | 15.57 | &nbsp;&nbsp; 19  |
| 11/01/22 | 10/31/23 | 19.47 | (0.14) | &nbsp;&nbsp; (0.62) | (0.76) | &nbsp;&nbsp; (0.01) | (0.59) | (0.60) | 18.11 | &nbsp;&nbsp;&nbsp;&nbsp;1.98 | &nbsp;&nbsp;&nbsp;&nbsp;1.98 | (0.74) | &nbsp;&nbsp;&nbsp; 112 | (3.97) | &nbsp;&nbsp; 17  |
| 11/01/21 | 10/31/22 | 27.14 | (0.03) | &nbsp;&nbsp; (4.84) | (4.87) | &nbsp;&nbsp; — | (2.80) | (2.80) | 19.47 | &nbsp;&nbsp;&nbsp;&nbsp;1.97 | &nbsp;&nbsp;&nbsp;&nbsp;1.97 | (0.14) | &nbsp;&nbsp;&nbsp; 159 | (19.32) | &nbsp;&nbsp; 24  |
| 11/01/20 | 10/31/21 | 19.65 | (0.25) | 8.26 | 8.01 | &nbsp;&nbsp; — | (0.52) | (0.52) | 27.14 | &nbsp;&nbsp;&nbsp;&nbsp;1.96 | &nbsp;&nbsp;&nbsp;&nbsp;1.96 | (0.99) | &nbsp;&nbsp;&nbsp; 109 | 41.25 | &nbsp;&nbsp; 31  |
| **Class I\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 23.18 | 0.13 | 3.49 | 3.62 | &nbsp;&nbsp; (0.13) | (2.37) | (2.50) | 24.30 | &nbsp;&nbsp;&nbsp;&nbsp;0.95 | &nbsp;&nbsp;&nbsp;&nbsp;0.98 | 0.51 | &nbsp;&nbsp;&nbsp; 57 | 15.45 | &nbsp;&nbsp; 2692  |
| 01/01/24 | 12/31/24 | 21.80 | 0.12 | 4.91 | 5.03 | &nbsp;&nbsp; (0.12) | (3.53) | (3.65) | 23.18 | &nbsp;&nbsp;&nbsp;&nbsp;0.96 | &nbsp;&nbsp;&nbsp;&nbsp;0.99 | 0.48 | &nbsp;&nbsp;&nbsp; 72 | 23.07 | &nbsp;&nbsp; 2594  |
| 11/01/23 | 12/31/23 | 18.86 | 0.02 | 2.96 | 2.98 | &nbsp;&nbsp; (0.04) |  | (0.04) | 21.80 | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | &nbsp;&nbsp;&nbsp;&nbsp;1.00 | 0.56 | &nbsp;&nbsp;&nbsp; 17 | 15.78 | &nbsp;&nbsp; 2918  |
| 11/01/22 | 10/31/23 | 20.27 | 0.05 | &nbsp;&nbsp; (0.65) | (0.60) | &nbsp;&nbsp; (0.22) | (0.59) | (0.81) | 18.86 | &nbsp;&nbsp;&nbsp;&nbsp;0.98 | &nbsp;&nbsp;&nbsp;&nbsp;0.98 | 0.26 | &nbsp;&nbsp;&nbsp; 112 | (2.99) | &nbsp;&nbsp; 2682  |
| 11/01/21 | 10/31/22 | 27.90 | 0.20 | &nbsp;&nbsp; (5.01) | (4.81) | &nbsp;&nbsp; (0.02) | (2.80) | (2.82) | 20.27 | &nbsp;&nbsp;&nbsp;&nbsp;0.96 | &nbsp;&nbsp;&nbsp;&nbsp;0.96 | 0.87 | &nbsp;&nbsp;&nbsp; 159 | (18.52) | &nbsp;&nbsp; 3446  |
| 11/01/20 | 10/31/21 | 20.03 | —<sup>(d)</sup> | 8.44 | 8.44 | &nbsp;&nbsp; (0.05) | (0.52) | (0.57) | 27.90 | &nbsp;&nbsp;&nbsp;&nbsp;0.95 | &nbsp;&nbsp;&nbsp;&nbsp;0.95 | 0.02 | &nbsp;&nbsp;&nbsp; 109 | 42.67 | &nbsp;&nbsp; 4560  |
| **Class R-6\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 23.14 | 0.15 | 3.49 | 3.64 | &nbsp;&nbsp; (0.15) | (2.37) | (2.52) | 24.26 | &nbsp;&nbsp;&nbsp;&nbsp;0.85 | &nbsp;&nbsp;&nbsp;&nbsp;0.88 | 0.61 | &nbsp;&nbsp;&nbsp; 57 | 15.58 | &nbsp;&nbsp; 461  |
| 01/01/24 | 12/31/24 | 21.77 | 0.15 | 4.90 | 5.05 | &nbsp;&nbsp; (0.15) | (3.53) | (3.68) | 23.14 | &nbsp;&nbsp;&nbsp;&nbsp;0.86 | &nbsp;&nbsp;&nbsp;&nbsp;0.88 | 0.59 | &nbsp;&nbsp;&nbsp; 72 | 23.19 | &nbsp;&nbsp; 414  |
| 11/01/23 | 12/31/23 | 18.86 | 0.02 | 2.96 | 2.98 | &nbsp;&nbsp; (0.07) |  | (0.07) | 21.77 | &nbsp;&nbsp;&nbsp;&nbsp;0.88 | &nbsp;&nbsp;&nbsp;&nbsp;0.88 | 0.66 | &nbsp;&nbsp;&nbsp; 17 | 15.78 | &nbsp;&nbsp; 366  |
| 11/01/22 | 10/31/23 | 20.27 | 0.07 | &nbsp;&nbsp; (0.65) | (0.58) | &nbsp;&nbsp; (0.24) | (0.59) | (0.83) | 18.86 | &nbsp;&nbsp;&nbsp;&nbsp;0.87 | &nbsp;&nbsp;&nbsp;&nbsp;0.87 | 0.37 | &nbsp;&nbsp;&nbsp; 112 | (2.87) | &nbsp;&nbsp; 320  |
| 11/01/21 | 10/31/22 | 27.88 | 0.23 | &nbsp;&nbsp; (5.02) | (4.79) | &nbsp;&nbsp; (0.02) | (2.80) | (2.82) | 20.27 | &nbsp;&nbsp;&nbsp;&nbsp;0.86 | &nbsp;&nbsp;&nbsp;&nbsp;0.86 | 1.03 | &nbsp;&nbsp;&nbsp; 159 | (18.44) | &nbsp;&nbsp; 325  |
| 11/01/20 | 10/31/21 | 20.01 | 0.03 | 8.43 | 8.46 | &nbsp;&nbsp; (0.07) | (0.52) | (0.59) | 27.88 | &nbsp;&nbsp;&nbsp;&nbsp;0.86 | &nbsp;&nbsp;&nbsp;&nbsp;0.86 | 0.11 | &nbsp;&nbsp;&nbsp; 109 | 42.85 | &nbsp;&nbsp; 278  |

---

The accompanying notes are an integral part of these financial statements.

87<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Financial Highlights** 

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | **From investment operations** | **From investment operations** | **From investment operations** | **From investment operations** | **Dividends & distributions** | **Dividends & distributions** | **Dividends & distributions** |  | **Ratios to average net asset (%)** | **Ratios to average net asset (%)** | **Ratios to average net asset (%)** |  |  |  |
| **Fiscal period**  | **Fiscal period**  | **Beginning** <br>**net asset** <br>**value** | **Income** <br>(loss) | **Realized &** <br>**unrealized** <br>**gain (loss)** | **Total** | **From** <br>**investment** <br>**income** | **From** <br>**realized** <br>**gains** | **Total** | **Ending** <br>**net** <br>**asset** <br>**value** | **With** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Without** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Net** <br>**income** <br>(loss)<sup>(a)</sup> | **Portfolio** <br>**turnover** <br>**rate (%)<sup>(b)</sup>** | **Total** <br>**return** <br>**(%)<sup>(b)(c)</sup>** | **Ending** <br>**net** <br>**assets** <br>(millions)  |
| **Beginning** | **Ending**  | **Beginning** <br>**net asset** <br>**value** | **Income** <br>(loss) | **Realized &** <br>**unrealized** <br>**gain (loss)** | **Total** | **From** <br>**investment** <br>**income** | **From** <br>**realized** <br>**gains** | **Total** | **Ending** <br>**net** <br>**asset** <br>**value** | **With** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Without** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Net** <br>**income** <br>(loss)<sup>(a)</sup> | **Portfolio** <br>**turnover** <br>**rate (%)<sup>(b)</sup>** | **Total** <br>**return** <br>**(%)<sup>(b)(c)</sup>** | **Ending** <br>**net** <br>**assets** <br>(millions)  |
| **Carillon Chartwell Small Cap Fund** | **Carillon Chartwell Small Cap Fund** | **Carillon Chartwell Small Cap Fund** | **Carillon Chartwell Small Cap Fund** | **Carillon Chartwell Small Cap Fund** | **Carillon Chartwell Small Cap Fund** | **Carillon Chartwell Small Cap Fund** | **Carillon Chartwell Small Cap Fund** | **Carillon Chartwell Small Cap Fund** | **Carillon Chartwell Small Cap Fund** | **Carillon Chartwell Small Cap Fund** | **Carillon Chartwell Small Cap Fund** | **Carillon Chartwell Small Cap Fund** | **Carillon Chartwell Small Cap Fund** | **Carillon Chartwell Small Cap Fund** | **Carillon Chartwell Small Cap Fund** |
| **Class A\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | &nbsp;&nbsp; $28.75 | $(0.18) | &nbsp;&nbsp; $4.37 | $4.19 | &nbsp;&nbsp;&nbsp; $— | $(12.15) | $(12.15) | 20.79 | &nbsp;&nbsp;&nbsp;&nbsp;1.14 | &nbsp;&nbsp;&nbsp;&nbsp;1.14 | (0.62) | &nbsp;&nbsp;&nbsp; 154<sup>(e)</sup> | 13.83 | &nbsp;&nbsp;&nbsp; 15  |
| 01/01/24 | 12/31/24 | 26.50 | (0.16) | &nbsp;&nbsp;&nbsp;&nbsp;5.55 | 5.39 | &nbsp;&nbsp;&nbsp; — | (3.14) | (3.14) | 28.75 | &nbsp;&nbsp;&nbsp;&nbsp;1.15 | &nbsp;&nbsp;&nbsp;&nbsp;1.14 | (0.55) | &nbsp;&nbsp;&nbsp; 27 | 20.32 | &nbsp;&nbsp;&nbsp; 14  |
| 11/01/23 | 12/31/23 | 22.06 | (0.02) | &nbsp;&nbsp;&nbsp;&nbsp;4.46 | 4.44 | &nbsp;&nbsp;&nbsp; — |  |  | 26.50 | &nbsp;&nbsp;&nbsp;&nbsp;1.25 | &nbsp;&nbsp;&nbsp;&nbsp;1.29 | (0.39) | &nbsp;&nbsp;&nbsp; 4 | 20.13 | &nbsp;&nbsp;&nbsp; 13  |
| 11/01/22 | 10/31/23 | 25.75 | (0.15) | &nbsp;&nbsp; (2.73) | (2.88) | &nbsp;&nbsp;&nbsp; — | (0.81) | (0.81) | 22.06 | &nbsp;&nbsp;&nbsp;&nbsp;1.20 | &nbsp;&nbsp;&nbsp;&nbsp;1.20 | (0.61) | &nbsp;&nbsp;&nbsp; 7 | (11.43) | &nbsp;&nbsp;&nbsp; 11  |
| 11/01/21 | 10/31/22 | 39.48 | (0.16) | &nbsp;&nbsp; (7.72) | (7.88) | &nbsp;&nbsp;&nbsp; — | (5.85) | (5.85) | 25.75 | &nbsp;&nbsp;&nbsp;&nbsp;1.18 | &nbsp;&nbsp;&nbsp;&nbsp;1.18 | (0.55) | &nbsp;&nbsp;&nbsp; 17 | (22.53) | &nbsp;&nbsp;&nbsp; 14  |
| 11/01/20 | 10/31/21 | 29.50 | (0.30) | &nbsp;&nbsp;&nbsp;&nbsp;13.12 | 12.82 | &nbsp;&nbsp;&nbsp; — | (2.84) | (2.84) | 39.48 | &nbsp;&nbsp;&nbsp;&nbsp;1.15 | &nbsp;&nbsp;&nbsp;&nbsp;1.15 | (0.80) | &nbsp;&nbsp;&nbsp; 28 | 44.67 | &nbsp;&nbsp;&nbsp; 18  |
| **Class C\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 26.94 | (0.36) | &nbsp;&nbsp;&nbsp;&nbsp;4.06 | 3.70 | &nbsp;&nbsp;&nbsp; — | (11.30) | (11.30) | 19.34 | &nbsp;&nbsp;&nbsp;&nbsp;1.87 | &nbsp;&nbsp;&nbsp;&nbsp;1.87 | (1.36) | &nbsp;&nbsp;&nbsp; 154<sup>(e)</sup> | 13.02 | &nbsp;&nbsp;&nbsp; 1  |
| 01/01/24 | 12/31/24 | 25.01 | (0.35) | &nbsp;&nbsp;&nbsp;&nbsp;5.22 | 4.87 | &nbsp;&nbsp;&nbsp; — | (2.94) | (2.94) | 26.94 | &nbsp;&nbsp;&nbsp;&nbsp;1.89 | &nbsp;&nbsp;&nbsp;&nbsp;1.88 | (1.29) | &nbsp;&nbsp;&nbsp; 27 | 19.46 | &nbsp;&nbsp;&nbsp; 1  |
| 11/01/23 | 12/31/23 | 20.85 | (0.04) | &nbsp;&nbsp;&nbsp;&nbsp;4.20 | 4.16 | &nbsp;&nbsp;&nbsp; — |  |  | 25.01 | &nbsp;&nbsp;&nbsp;&nbsp;2.00 | &nbsp;&nbsp;&nbsp;&nbsp;2.04 | (1.14) | &nbsp;&nbsp;&nbsp; 4 | 19.95 | &nbsp;&nbsp;&nbsp; 1  |
| 11/01/22 | 10/31/23 | 24.56 | (0.32) | &nbsp;&nbsp; (2.58) | (2.90) | &nbsp;&nbsp;&nbsp; — | (0.81) | (0.81) | 20.85 | &nbsp;&nbsp;&nbsp;&nbsp;1.94 | &nbsp;&nbsp;&nbsp;&nbsp;1.94 | (1.35) | &nbsp;&nbsp;&nbsp; 7 | (12.08) | &nbsp;&nbsp;&nbsp; 1  |
| 11/01/21 | 10/31/22 | 38.19 | (0.35) | &nbsp;&nbsp; (7.43) | (7.78) | &nbsp;&nbsp;&nbsp; — | (5.85) | (5.85) | 24.56 | &nbsp;&nbsp;&nbsp;&nbsp;1.92 | &nbsp;&nbsp;&nbsp;&nbsp;1.92 | (1.28) | &nbsp;&nbsp;&nbsp; 17 | (23.11) | &nbsp;&nbsp;&nbsp; 2  |
| 11/01/20 | 10/31/21 | 28.82 | (0.56) | &nbsp;&nbsp;&nbsp;&nbsp;12.77 | 12.21 | &nbsp;&nbsp;&nbsp; — | (2.84) | (2.84) | 38.19 | &nbsp;&nbsp;&nbsp;&nbsp;1.91 | &nbsp;&nbsp;&nbsp;&nbsp;1.91 | (1.52) | &nbsp;&nbsp;&nbsp; 28 | 43.53 | &nbsp;&nbsp;&nbsp; 3  |
| **Class I\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 29.33 | (0.11) | &nbsp;&nbsp;&nbsp;&nbsp;4.46 | 4.35 | &nbsp;&nbsp;&nbsp; — | (12.42) | (12.42) | 21.26 | &nbsp;&nbsp;&nbsp;&nbsp;0.89 | &nbsp;&nbsp;&nbsp;&nbsp;0.89 | (0.38) | &nbsp;&nbsp;&nbsp; 154<sup>(e)</sup> | 14.10 | &nbsp;&nbsp;&nbsp; 169  |
| 01/01/24 | 12/31/24 | 26.97 | (0.10) | &nbsp;&nbsp;&nbsp;&nbsp;5.66 | 5.56 | &nbsp;&nbsp;&nbsp; — | (3.20) | (3.20) | 29.33 | &nbsp;&nbsp;&nbsp;&nbsp;0.92 | &nbsp;&nbsp;&nbsp;&nbsp;0.90 | (0.33) | &nbsp;&nbsp;&nbsp; 27 | 20.61 | &nbsp;&nbsp;&nbsp; 235  |
| 11/01/23 | 12/31/23 | 22.44 | (0.00) | &nbsp;&nbsp;&nbsp;&nbsp;4.53 | 4.53 | &nbsp;&nbsp;&nbsp; — |  |  | 26.97 | &nbsp;&nbsp;&nbsp;&nbsp;0.95 | &nbsp;&nbsp;&nbsp;&nbsp;1.05 | (0.09) | &nbsp;&nbsp;&nbsp; 4 | 20.19 | &nbsp;&nbsp;&nbsp; 237  |
| 11/01/22 | 10/31/23 | 26.12 | (0.09) | &nbsp;&nbsp; (2.78) | (2.87) | &nbsp;&nbsp;&nbsp; — | (0.81) | (0.81) | 22.44 | &nbsp;&nbsp;&nbsp;&nbsp;0.95 | &nbsp;&nbsp;&nbsp;&nbsp;0.96 | (0.36) | &nbsp;&nbsp;&nbsp; 7 | (11.22) | &nbsp;&nbsp;&nbsp; 203  |
| 11/01/21 | 10/31/22 | 39.88 | (0.09) | &nbsp;&nbsp; (7.81) | (7.90) | &nbsp;&nbsp;&nbsp; (0.01) | (5.85) | (5.86) | 26.12 | &nbsp;&nbsp;&nbsp;&nbsp;0.94 | &nbsp;&nbsp;&nbsp;&nbsp;0.94 | (0.31) | &nbsp;&nbsp;&nbsp; 17 | (22.33) | &nbsp;&nbsp;&nbsp; 252  |
| 11/01/20 | 10/31/21 | 29.72 | (0.21) | &nbsp;&nbsp;&nbsp;&nbsp;13.22 | 13.01 | &nbsp;&nbsp;&nbsp; (0.01) | (2.84) | (2.85) | 39.88 | &nbsp;&nbsp;&nbsp;&nbsp;0.90 | &nbsp;&nbsp;&nbsp;&nbsp;0.90 | (0.55) | &nbsp;&nbsp;&nbsp; 28 | 45.02 | &nbsp;&nbsp;&nbsp; 362  |
| **Class R-6\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 29.57 | (0.09) | &nbsp;&nbsp;&nbsp;&nbsp;4.50 | 4.41 | &nbsp;&nbsp;&nbsp; — | (12.53) | (12.53) | 21.45 | &nbsp;&nbsp;&nbsp;&nbsp;0.81 | &nbsp;&nbsp;&nbsp;&nbsp;0.80 | (0.29) | &nbsp;&nbsp;&nbsp; 154<sup>(e)</sup> | 14.19 | &nbsp;&nbsp;&nbsp; 4  |
| 01/01/24 | 12/31/24 | 27.17 | (0.08) | &nbsp;&nbsp;&nbsp;&nbsp;5.71 | 5.63 | &nbsp;&nbsp;&nbsp; — | (3.23) | (3.23) | 29.57 | &nbsp;&nbsp;&nbsp;&nbsp;0.85 | &nbsp;&nbsp;&nbsp;&nbsp;0.80 | (0.28) | &nbsp;&nbsp;&nbsp; 27 | 20.70 | &nbsp;&nbsp;&nbsp; 3  |
| 11/01/23 | 12/31/23 | 22.60 | 0.00 | &nbsp;&nbsp;&nbsp;&nbsp;4.57 | 4.57 | &nbsp;&nbsp;&nbsp; — |  |  | 27.17 | &nbsp;&nbsp;&nbsp;&nbsp;0.85 | &nbsp;&nbsp;&nbsp;&nbsp;0.95 | 0.01 | &nbsp;&nbsp;&nbsp; 4 | 20.22 | &nbsp;&nbsp;&nbsp; 9  |
| 11/01/22 | 10/31/23 | 26.28 | (0.07) | &nbsp;&nbsp; (2.80) | (2.87) | &nbsp;&nbsp;&nbsp; — | (0.81) | (0.81) | 22.60 | &nbsp;&nbsp;&nbsp;&nbsp;0.85 | &nbsp;&nbsp;&nbsp;&nbsp;0.86 | (0.26) | &nbsp;&nbsp;&nbsp; 7 | (11.15) | &nbsp;&nbsp;&nbsp; 7  |
| 11/01/21 | 10/31/22 | 40.06 | (0.06) | &nbsp;&nbsp; (7.85) | (7.91) | &nbsp;&nbsp;&nbsp; (0.02) | (5.85) | (5.87) | 26.28 | &nbsp;&nbsp;&nbsp;&nbsp;0.84 | &nbsp;&nbsp;&nbsp;&nbsp;0.84 | (0.21) | &nbsp;&nbsp;&nbsp; 17 | (22.26) | &nbsp;&nbsp;&nbsp; 8  |
| 11/01/20 | 10/31/21 | 29.82 | (0.17) | &nbsp;&nbsp;&nbsp;&nbsp;13.27 | 13.10 | &nbsp;&nbsp;&nbsp; (0.02) | (2.84) | (2.86) | 40.06 | &nbsp;&nbsp;&nbsp;&nbsp;0.81 | &nbsp;&nbsp;&nbsp;&nbsp;0.81 | (0.45) | &nbsp;&nbsp;&nbsp; 28 | 45.16 | &nbsp;&nbsp;&nbsp; 12  |
| **Carillon Chartwell Real Income Fund** | **Carillon Chartwell Real Income Fund** | **Carillon Chartwell Real Income Fund** | **Carillon Chartwell Real Income Fund** | **Carillon Chartwell Real Income Fund** | **Carillon Chartwell Real Income Fund** | **Carillon Chartwell Real Income Fund** | **Carillon Chartwell Real Income Fund** | **Carillon Chartwell Real Income Fund** | **Carillon Chartwell Real Income Fund** | **Carillon Chartwell Real Income Fund** | **Carillon Chartwell Real Income Fund** | **Carillon Chartwell Real Income Fund** | **Carillon Chartwell Real Income Fund** | **Carillon Chartwell Real Income Fund** | **Carillon Chartwell Real Income Fund** |
| **Class A\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 13.20 | 0.54 | &nbsp;&nbsp;&nbsp;&nbsp;1.12 | 1.66 | &nbsp;&nbsp;&nbsp; (0.53) |  | (0.53) | 14.33 | &nbsp;&nbsp;&nbsp;&nbsp;0.86 | &nbsp;&nbsp;&nbsp;&nbsp;0.88 | 3.86 | &nbsp;&nbsp;&nbsp; 49 | 12.85 | &nbsp;&nbsp;&nbsp; 0  |
| 04/26/24 | 12/31/24 | 12.76 | 0.29 | &nbsp;&nbsp;&nbsp;&nbsp;0.52 | 0.81 | &nbsp;&nbsp;&nbsp; (0.37) |  | (0.37) | 13.20 | &nbsp;&nbsp;&nbsp;&nbsp;0.92 | &nbsp;&nbsp;&nbsp;&nbsp;0.92 | 3.22 | &nbsp;&nbsp;&nbsp; 98 | 6.42 | &nbsp;&nbsp;&nbsp; 0  |
| **Class C\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 13.20 | 0.44 | &nbsp;&nbsp;&nbsp;&nbsp;1.14 | 1.58 | &nbsp;&nbsp;&nbsp; (0.44) |  | (0.44) | 14.34 | &nbsp;&nbsp;&nbsp;&nbsp;1.49 | &nbsp;&nbsp;&nbsp;&nbsp;1.49 | 3.24 | &nbsp;&nbsp;&nbsp; 49 | 12.16 | &nbsp;&nbsp;&nbsp; 0  |
| 04/26/24 | 12/31/24 | 12.76 | 0.26 | &nbsp;&nbsp;&nbsp;&nbsp;0.48 | 0.74 | &nbsp;&nbsp;&nbsp; (0.30) |  | (0.30) | 13.20 | &nbsp;&nbsp;&nbsp;&nbsp;1.68 | &nbsp;&nbsp;&nbsp;&nbsp;1.68 | 2.87 | &nbsp;&nbsp;&nbsp; 98 | 5.85 | &nbsp;&nbsp;&nbsp; 0  |
| **Class I\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 13.19 | 0.57 | &nbsp;&nbsp;&nbsp;&nbsp;1.14 | 1.71 | &nbsp;&nbsp;&nbsp; (0.57) |  | (0.57) | 14.33 | &nbsp;&nbsp;&nbsp;&nbsp;0.58 | &nbsp;&nbsp;&nbsp;&nbsp;0.61 | 4.15 | &nbsp;&nbsp;&nbsp; 49 | 13.22 | &nbsp;&nbsp;&nbsp; 260  |
| 01/01/24 | 12/31/24 | 12.80 | 0.52 | &nbsp;&nbsp;&nbsp;&nbsp;0.38 | 0.90 | &nbsp;&nbsp;&nbsp; (0.51) |  | (0.51) | 13.19 | &nbsp;&nbsp;&nbsp;&nbsp;0.64 | &nbsp;&nbsp;&nbsp;&nbsp;0.75 | 3.96 | &nbsp;&nbsp;&nbsp; 98 | 7.20 | &nbsp;&nbsp;&nbsp; 249  |
| 01/01/23 | 12/31/23 | 12.29 | 0.42 | &nbsp;&nbsp;&nbsp;&nbsp;0.52 | 0.94 | &nbsp;&nbsp;&nbsp; (0.43) |  | (0.43) | 12.80 | &nbsp;&nbsp;&nbsp;&nbsp;0.64 | &nbsp;&nbsp;&nbsp;&nbsp;0.73 | 3.35 | &nbsp;&nbsp;&nbsp; 59 | 7.77 | &nbsp;&nbsp;&nbsp; 308  |
| 01/01/22 | 12/31/22 | 14.15 | 0.38 | &nbsp;&nbsp; (1.80) | (1.42) | &nbsp;&nbsp;&nbsp; (0.39) | (0.05) | (0.44) | 12.29 | &nbsp;&nbsp;&nbsp;&nbsp;0.64 | &nbsp;&nbsp;&nbsp;&nbsp;0.69 | 2.87 | &nbsp;&nbsp;&nbsp; 40 | (10.14) | &nbsp;&nbsp;&nbsp; 367  |
| 01/01/21 | 12/31/21 | 13.53 | 0.34 | &nbsp;&nbsp;&nbsp;&nbsp;0.65 | 0.99 | &nbsp;&nbsp;&nbsp; (0.37) |  | (0.37) | 14.15 | &nbsp;&nbsp;&nbsp;&nbsp;0.64 | &nbsp;&nbsp;&nbsp;&nbsp;0.68 | 2.41 | &nbsp;&nbsp;&nbsp; 56 | 7.35 | &nbsp;&nbsp;&nbsp; 520  |
| **Class R-6\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 13.20 | 0.59 | &nbsp;&nbsp;&nbsp;&nbsp;1.14 | 1.73 | &nbsp;&nbsp;&nbsp; (0.58) |  | (0.58) | 14.35 | &nbsp;&nbsp;&nbsp;&nbsp;0.45 | &nbsp;&nbsp;&nbsp;&nbsp;0.49 | 4.17 | &nbsp;&nbsp;&nbsp; 49 | 13.39 | &nbsp;&nbsp;&nbsp; 0  |
| 04/26/24 | 12/31/24 | 12.76 | 0.36 | &nbsp;&nbsp;&nbsp;&nbsp;0.48 | 0.84 | &nbsp;&nbsp;&nbsp; (0.40) |  | (0.40) | 13.20 | &nbsp;&nbsp;&nbsp;&nbsp;0.54 | &nbsp;&nbsp;&nbsp;&nbsp;0.67 | 4.00 | &nbsp;&nbsp;&nbsp; 98 | 6.67 | &nbsp;&nbsp;&nbsp; 0  |
| **Carillon Chartwell Short Duration High Yield Fund** | **Carillon Chartwell Short Duration High Yield Fund** | **Carillon Chartwell Short Duration High Yield Fund** | **Carillon Chartwell Short Duration High Yield Fund** | **Carillon Chartwell Short Duration High Yield Fund** | **Carillon Chartwell Short Duration High Yield Fund** | **Carillon Chartwell Short Duration High Yield Fund** | **Carillon Chartwell Short Duration High Yield Fund** | **Carillon Chartwell Short Duration High Yield Fund** | **Carillon Chartwell Short Duration High Yield Fund** | **Carillon Chartwell Short Duration High Yield Fund** | **Carillon Chartwell Short Duration High Yield Fund** | **Carillon Chartwell Short Duration High Yield Fund** | **Carillon Chartwell Short Duration High Yield Fund** | **Carillon Chartwell Short Duration High Yield Fund** | **Carillon Chartwell Short Duration High Yield Fund** |
| **Class A\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 9.48 | 0.48 | &nbsp;&nbsp;&nbsp;&nbsp;0.15 | 0.63 | &nbsp;&nbsp;&nbsp; (0.48) |  | (0.48) | 9.63 | &nbsp;&nbsp;&nbsp;&nbsp;0.70 | &nbsp;&nbsp;&nbsp;&nbsp;0.70 | 4.97 | &nbsp;&nbsp;&nbsp; 36 | 6.74 | &nbsp;&nbsp;&nbsp; 0  |
| 04/26/24 | 12/31/24 | 9.40 | 0.31 | &nbsp;&nbsp;&nbsp;&nbsp;0.11 | 0.42 | &nbsp;&nbsp;&nbsp; (0.34) |  | (0.34) | 9.48 | &nbsp;&nbsp;&nbsp;&nbsp;0.74 | &nbsp;&nbsp;&nbsp;&nbsp;0.74 | 4.86 | &nbsp;&nbsp;&nbsp; 41 | 4.57 | &nbsp;&nbsp;&nbsp; 0  |
| **Class C\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 9.48 | 0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.15 | 0.55 | &nbsp;&nbsp;&nbsp; (0.40) |  | (0.40) | 9.63 | &nbsp;&nbsp;&nbsp;&nbsp;1.52 | &nbsp;&nbsp;&nbsp;&nbsp;1.52 | 4.10 | &nbsp;&nbsp;&nbsp; 36 | 5.94 | &nbsp;&nbsp;&nbsp; 0  |
| 04/26/24 | 12/31/24 | 9.40 | 0.27 | &nbsp;&nbsp;&nbsp;&nbsp;0.11 | 0.38 | &nbsp;&nbsp;&nbsp; (0.30) |  | (0.30) | 9.48 | &nbsp;&nbsp;&nbsp;&nbsp;1.49 | &nbsp;&nbsp;&nbsp;&nbsp;1.49 | 4.11 | &nbsp;&nbsp;&nbsp; 41 | 4.04 | &nbsp;&nbsp;&nbsp; 0  |

---

The accompanying notes are an integral part of these financial statements.

88<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

**Financial Highlights** 

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | **From investment operations** | **From investment operations** | **From investment operations** | **From investment operations** | **Dividends & distributions** | **Dividends & distributions** | **Dividends & distributions** |  | **Ratios to average net asset (%)** | **Ratios to average net asset (%)** | **Ratios to average net asset (%)** |  |  |  |
| **Fiscal period**  | **Fiscal period**  | **Beginning** <br>**net asset** <br>**value** | **Income** <br>(loss) | **Realized &** <br>**unrealized** <br>**gain (loss)** | **Total** | **From** <br>**investment** <br>**income** | **From** <br>**realized** <br>**gains** | **Total** | **Ending** <br>**net** <br>**asset** <br>**value** | **With** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Without** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Net** <br>**income** <br>(loss)<sup>(a)</sup> | **Portfolio** <br>**turnover** <br>**rate (%)<sup>(b)</sup>** | **Total** <br>**return** <br>**(%)<sup>(b)(c)</sup>** | **Ending** <br>**net** <br>**assets** <br>(millions)  |
| **Beginning** | **Ending**  | **Beginning** <br>**net asset** <br>**value** | **Income** <br>(loss) | **Realized &** <br>**unrealized** <br>**gain (loss)** | **Total** | **From** <br>**investment** <br>**income** | **From** <br>**realized** <br>**gains** | **Total** | **Ending** <br>**net** <br>**asset** <br>**value** | **With** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Without** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Net** <br>**income** <br>(loss)<sup>(a)</sup> | **Portfolio** <br>**turnover** <br>**rate (%)<sup>(b)</sup>** | **Total** <br>**return** <br>**(%)<sup>(b)(c)</sup>** | **Ending** <br>**net** <br>**assets** <br>(millions)  |
| **Carillon Chartwell Short Duration High Yield Fund — (Continued)** | **Carillon Chartwell Short Duration High Yield Fund — (Continued)** | **Carillon Chartwell Short Duration High Yield Fund — (Continued)** | **Carillon Chartwell Short Duration High Yield Fund — (Continued)** | **Carillon Chartwell Short Duration High Yield Fund — (Continued)** | **Carillon Chartwell Short Duration High Yield Fund — (Continued)** | **Carillon Chartwell Short Duration High Yield Fund — (Continued)** | **Carillon Chartwell Short Duration High Yield Fund — (Continued)** | **Carillon Chartwell Short Duration High Yield Fund — (Continued)** | **Carillon Chartwell Short Duration High Yield Fund — (Continued)** | **Carillon Chartwell Short Duration High Yield Fund — (Continued)** | **Carillon Chartwell Short Duration High Yield Fund — (Continued)** | **Carillon Chartwell Short Duration High Yield Fund — (Continued)** | **Carillon Chartwell Short Duration High Yield Fund — (Continued)** | **Carillon Chartwell Short Duration High Yield Fund — (Continued)** | **Carillon Chartwell Short Duration High Yield Fund — (Continued)** |
| **Class I\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | &nbsp;&nbsp; $9.48 | $0.50 | &nbsp;&nbsp; $0.15 | $0.65 | &nbsp;&nbsp;&nbsp; $(0.50) | $— | $(0.50) | 9.63 | &nbsp;&nbsp;&nbsp;&nbsp;0.49 | &nbsp;&nbsp;&nbsp;&nbsp;0.55 | 5.19 | &nbsp;&nbsp;&nbsp; 36 | 6.99 | &nbsp;&nbsp;&nbsp; 200  |
| 01/01/24 | 12/31/24 | 9.43 | 0.48 | &nbsp;&nbsp;&nbsp;&nbsp;0.05 | 0.53 | &nbsp;&nbsp;&nbsp; (0.48) |  | (0.48) | 9.48 | &nbsp;&nbsp;&nbsp;&nbsp;0.49 | &nbsp;&nbsp;&nbsp;&nbsp;0.58 | 5.10 | &nbsp;&nbsp;&nbsp; 41 | 5.78 | &nbsp;&nbsp;&nbsp; 269  |
| 01/01/23 | 12/31/23 | 9.15 | 0.42 | &nbsp;&nbsp;&nbsp;&nbsp;0.28 | 0.70 | &nbsp;&nbsp;&nbsp; (0.42) |  | (0.42) | 9.43 | &nbsp;&nbsp;&nbsp;&nbsp;0.49 | &nbsp;&nbsp;&nbsp;&nbsp;0.60 | 4.51 | &nbsp;&nbsp;&nbsp; 39 | 7.80 | &nbsp;&nbsp;&nbsp; 247  |
| 01/01/22 | 12/31/22 | 9.75 | 0.29 | &nbsp;&nbsp; (0.60) | (0.31) | &nbsp;&nbsp;&nbsp; (0.29) |  | (0.29) | 9.15 | &nbsp;&nbsp;&nbsp;&nbsp;0.49 | &nbsp;&nbsp;&nbsp;&nbsp;0.59 | 3.09 | &nbsp;&nbsp;&nbsp; 35 | (3.17) | &nbsp;&nbsp;&nbsp; 210  |
| 01/01/21 | 12/31/21 | 9.79 | 0.27 | &nbsp;&nbsp; (0.04) | 0.23 | &nbsp;&nbsp;&nbsp; (0.27) |  | (0.27) | 9.75 | &nbsp;&nbsp;&nbsp;&nbsp;0.49 | &nbsp;&nbsp;&nbsp;&nbsp;0.58 | 2.78 | &nbsp;&nbsp;&nbsp; 54 | 2.40 | &nbsp;&nbsp;&nbsp; 217  |
| **Class R-6\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 9.48 | 0.51 | &nbsp;&nbsp;&nbsp;&nbsp;0.15 | 0.66 | &nbsp;&nbsp;&nbsp; (0.51) |  | (0.51) | 9.63 | &nbsp;&nbsp;&nbsp;&nbsp;0.39 | &nbsp;&nbsp;&nbsp;&nbsp;0.48 | 5.25 | &nbsp;&nbsp;&nbsp; 36 | 7.10 | &nbsp;&nbsp;&nbsp; 98  |
| 04/26/24 | 12/31/24 | 9.40 | 0.34 | &nbsp;&nbsp;&nbsp;&nbsp;0.11 | 0.45 | &nbsp;&nbsp;&nbsp; (0.37) |  | (0.37) | 9.48 | &nbsp;&nbsp;&nbsp;&nbsp;0.39 | &nbsp;&nbsp;&nbsp;&nbsp;0.50 | 5.22 | &nbsp;&nbsp;&nbsp; 41 | 4.82 | &nbsp;&nbsp;&nbsp; 0  |
| **Carillon Reams Core Bond Fund** | **Carillon Reams Core Bond Fund** | **Carillon Reams Core Bond Fund** | **Carillon Reams Core Bond Fund** | **Carillon Reams Core Bond Fund** | **Carillon Reams Core Bond Fund** | **Carillon Reams Core Bond Fund** | **Carillon Reams Core Bond Fund** | **Carillon Reams Core Bond Fund** | **Carillon Reams Core Bond Fund** | **Carillon Reams Core Bond Fund** | **Carillon Reams Core Bond Fund** | **Carillon Reams Core Bond Fund** | **Carillon Reams Core Bond Fund** | **Carillon Reams Core Bond Fund** | **Carillon Reams Core Bond Fund** |
| **Class A\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 10.57 | 0.43 | &nbsp;&nbsp;&nbsp;&nbsp;0.33 | 0.76 | &nbsp;&nbsp;&nbsp; (0.44) |  | (0.44) | 10.89 | &nbsp;&nbsp;&nbsp;&nbsp;0.75 | &nbsp;&nbsp;&nbsp;&nbsp;0.91 | 4.02 | &nbsp;&nbsp;&nbsp; 430 | 7.30 | &nbsp;&nbsp;&nbsp; 13  |
| 01/01/24 | 12/31/24 | 10.88 | 0.44 | &nbsp;&nbsp; (0.32) | 0.12 | &nbsp;&nbsp;&nbsp; (0.43) |  | (0.43) | 10.57 | &nbsp;&nbsp;&nbsp;&nbsp;0.75 | &nbsp;&nbsp;&nbsp;&nbsp;0.93 | 4.03 | &nbsp;&nbsp;&nbsp; 522 | 1.13 | &nbsp;&nbsp;&nbsp; 30  |
| 11/01/23 | 12/31/23 | 10.07 | 0.07 | &nbsp;&nbsp;&nbsp;&nbsp;0.85 | 0.92 | &nbsp;&nbsp;&nbsp; (0.11) |  | (0.11) | 10.88 | &nbsp;&nbsp;&nbsp;&nbsp;0.80 | &nbsp;&nbsp;&nbsp;&nbsp;1.03 | 3.85 | &nbsp;&nbsp;&nbsp; 52 | 9.15 | &nbsp;&nbsp;&nbsp; 3  |
| 11/01/22 | 10/31/23 | 10.41 | 0.35 | &nbsp;&nbsp; (0.36) | (0.01) | &nbsp;&nbsp;&nbsp; (0.33) |  | (0.33) | 10.07 | &nbsp;&nbsp;&nbsp;&nbsp;0.80 | &nbsp;&nbsp;&nbsp;&nbsp;0.97 | 3.26 | &nbsp;&nbsp;&nbsp; 530 | (0.21) | &nbsp;&nbsp;&nbsp; 3  |
| 11/01/21 | 10/31/22 | 12.66 | 0.17 | &nbsp;&nbsp; (2.24) | (2.07) | &nbsp;&nbsp;&nbsp; (0.18) |  | (0.18) | 10.41 | &nbsp;&nbsp;&nbsp;&nbsp;0.80 | &nbsp;&nbsp;&nbsp;&nbsp;0.95 | 1.45 | &nbsp;&nbsp;&nbsp; 429 | (16.49) | &nbsp;&nbsp;&nbsp; 4  |
| 11/01/20 | 10/31/21 | 13.14 | 0.06 | &nbsp;&nbsp; (0.22) | (0.16) | &nbsp;&nbsp;&nbsp; (0.07) | (0.25) | (0.32) | 12.66 | &nbsp;&nbsp;&nbsp;&nbsp;0.80 | &nbsp;&nbsp;&nbsp;&nbsp;0.93 | 0.47 | &nbsp;&nbsp;&nbsp; 227 | (1.27) | &nbsp;&nbsp;&nbsp; 4  |
| **Class C\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 10.53 | 0.35 | &nbsp;&nbsp;&nbsp;&nbsp;0.32 | 0.67 | &nbsp;&nbsp;&nbsp; (0.36) |  | (0.36) | 10.84 | &nbsp;&nbsp;&nbsp;&nbsp;1.50 | &nbsp;&nbsp;&nbsp;&nbsp;1.61 | 3.29 | &nbsp;&nbsp;&nbsp; 430 | 6.45 | &nbsp;&nbsp;&nbsp; 2  |
| 01/01/24 | 12/31/24 | 10.83 | 0.34 | &nbsp;&nbsp; (0.29) | 0.05 | &nbsp;&nbsp;&nbsp; (0.35) |  | (0.35) | 10.53 | &nbsp;&nbsp;&nbsp;&nbsp;1.51 | &nbsp;&nbsp;&nbsp;&nbsp;1.62 | 3.22 | &nbsp;&nbsp;&nbsp; 522 | 0.45 | &nbsp;&nbsp;&nbsp; 2  |
| 11/01/23 | 12/31/23 | 10.03 | 0.05 | &nbsp;&nbsp;&nbsp;&nbsp;0.84 | 0.89 | &nbsp;&nbsp;&nbsp; (0.09) |  | (0.09) | 10.83 | &nbsp;&nbsp;&nbsp;&nbsp;1.55 | &nbsp;&nbsp;&nbsp;&nbsp;1.75 | 3.10 | &nbsp;&nbsp;&nbsp; 52 | 8.88 | &nbsp;&nbsp;&nbsp; 4  |
| 11/01/22 | 10/31/23 | 10.36 | 0.27 | &nbsp;&nbsp; (0.35) | (0.08) | &nbsp;&nbsp;&nbsp; (0.25) |  | (0.25) | 10.03 | &nbsp;&nbsp;&nbsp;&nbsp;1.55 | &nbsp;&nbsp;&nbsp;&nbsp;1.70 | 2.52 | &nbsp;&nbsp;&nbsp; 530 | (0.87) | &nbsp;&nbsp;&nbsp; 3  |
| 11/01/21 | 10/31/22 | 12.60 | 0.07 | &nbsp;&nbsp; (2.22) | (2.15) | &nbsp;&nbsp;&nbsp; (0.09) |  | (0.09) | 10.36 | &nbsp;&nbsp;&nbsp;&nbsp;1.55 | &nbsp;&nbsp;&nbsp;&nbsp;1.70 | 0.57 | &nbsp;&nbsp;&nbsp; 429 | (17.11) | &nbsp;&nbsp;&nbsp; 5  |
| 11/01/20 | 10/31/21 | 13.11 | (0.04) | &nbsp;&nbsp; (0.21) | (0.25) | &nbsp;&nbsp;&nbsp; (0.01) | (0.25) | (0.26) | 12.60 | &nbsp;&nbsp;&nbsp;&nbsp;1.55 | &nbsp;&nbsp;&nbsp;&nbsp;1.67 | (0.27) | &nbsp;&nbsp;&nbsp; 227 | (2.01) | &nbsp;&nbsp;&nbsp; 13  |
| **Class I\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 10.58 | 0.47 | &nbsp;&nbsp;&nbsp;&nbsp;0.32 | 0.79 | &nbsp;&nbsp;&nbsp; (0.47) |  | (0.47) | 10.90 | &nbsp;&nbsp;&nbsp;&nbsp;0.45 | &nbsp;&nbsp;&nbsp;&nbsp;0.62 | 4.34 | &nbsp;&nbsp;&nbsp; 430 | 7.63 | &nbsp;&nbsp;&nbsp; 422  |
| 01/01/24 | 12/31/24 | 10.89 | 0.46 | &nbsp;&nbsp; (0.31) | 0.15 | &nbsp;&nbsp;&nbsp; (0.46) |  | (0.46) | 10.58 | &nbsp;&nbsp;&nbsp;&nbsp;0.44 | &nbsp;&nbsp;&nbsp;&nbsp;0.63 | 4.29 | &nbsp;&nbsp;&nbsp; 522 | 1.45 | &nbsp;&nbsp;&nbsp; 429  |
| 11/01/23 | 12/31/23 | 10.09 | 0.08 | &nbsp;&nbsp;&nbsp;&nbsp;0.84 | 0.92 | &nbsp;&nbsp;&nbsp; (0.12) |  | (0.12) | 10.89 | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.76 | 4.25 | &nbsp;&nbsp;&nbsp; 52 | 9.14 | &nbsp;&nbsp;&nbsp; 432  |
| 11/01/22 | 10/31/23 | 10.43 | 0.41 | &nbsp;&nbsp; (0.37) | 0.04 | &nbsp;&nbsp;&nbsp; (0.38) |  | (0.38) | 10.09 | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.72 | 3.76 | &nbsp;&nbsp;&nbsp; 530 | 0.19 | &nbsp;&nbsp;&nbsp; 414  |
| 11/01/21 | 10/31/22 | 12.67 | 0.21 | &nbsp;&nbsp; (2.22) | (2.01) | &nbsp;&nbsp;&nbsp; (0.23) |  | (0.23) | 10.43 | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.72 | 1.82 | &nbsp;&nbsp;&nbsp; 429 | (16.06) | &nbsp;&nbsp;&nbsp; 308  |
| 11/01/20 | 10/31/21 | 13.16 | 0.11 | &nbsp;&nbsp; (0.23) | (0.12) | &nbsp;&nbsp;&nbsp; (0.12) | (0.25) | (0.37) | 12.67 | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.70 | 0.88 | &nbsp;&nbsp;&nbsp; 227 | (0.95) | &nbsp;&nbsp;&nbsp; 447  |
| **Class R-6\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 10.60 | 0.48 | &nbsp;&nbsp;&nbsp;&nbsp;0.32 | 0.80 | &nbsp;&nbsp;&nbsp; (0.48) |  | (0.48) | 10.92 | &nbsp;&nbsp;&nbsp;&nbsp;0.35 | &nbsp;&nbsp;&nbsp;&nbsp;0.53 | 4.45 | &nbsp;&nbsp;&nbsp; 430 | 7.72 | &nbsp;&nbsp;&nbsp; 36  |
| 01/01/24 | 12/31/24 | 10.90 | 0.47 | &nbsp;&nbsp; (0.30) | 0.17 | &nbsp;&nbsp;&nbsp; (0.47) |  | (0.47) | 10.60 | &nbsp;&nbsp;&nbsp;&nbsp;0.36 | &nbsp;&nbsp;&nbsp;&nbsp;0.54 | 4.37 | &nbsp;&nbsp;&nbsp; 522 | 1.62 | &nbsp;&nbsp;&nbsp; 17  |
| 11/01/23 | 12/31/23 | 10.10 | 0.08 | &nbsp;&nbsp;&nbsp;&nbsp;0.84 | 0.92 | &nbsp;&nbsp;&nbsp; (0.12) |  | (0.12) | 10.90 | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.66 | 4.25 | &nbsp;&nbsp;&nbsp; 52 | 9.13 | &nbsp;&nbsp;&nbsp; 16  |
| 11/01/22 | 10/31/23 | 10.44 | 0.41 | &nbsp;&nbsp; (0.37) | 0.04 | &nbsp;&nbsp;&nbsp; (0.38) |  | (0.38) | 10.10 | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.63 | 3.83 | &nbsp;&nbsp;&nbsp; 530 | 0.19 | &nbsp;&nbsp;&nbsp; 15  |
| 11/01/21 | 10/31/22 | 12.68 | 0.25 | &nbsp;&nbsp; (2.26) | (2.01) | &nbsp;&nbsp;&nbsp; (0.23) |  | (0.23) | 10.44 | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.62 | 2.16 | &nbsp;&nbsp;&nbsp; 429 | (16.03) | &nbsp;&nbsp;&nbsp; 4  |
| 11/01/20 | 10/31/21 | 13.16 | 0.11 | &nbsp;&nbsp; (0.22) | (0.11) | &nbsp;&nbsp;&nbsp; (0.12) | (0.25) | (0.37) | 12.68 | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.59 | 0.87 | &nbsp;&nbsp;&nbsp; 227 | (0.88) | &nbsp;&nbsp;&nbsp; 1  |
| **Carillon Reams Core Plus Bond Fund** | **Carillon Reams Core Plus Bond Fund** | **Carillon Reams Core Plus Bond Fund** | **Carillon Reams Core Plus Bond Fund** | **Carillon Reams Core Plus Bond Fund** | **Carillon Reams Core Plus Bond Fund** | **Carillon Reams Core Plus Bond Fund** | **Carillon Reams Core Plus Bond Fund** | **Carillon Reams Core Plus Bond Fund** | **Carillon Reams Core Plus Bond Fund** | **Carillon Reams Core Plus Bond Fund** | **Carillon Reams Core Plus Bond Fund** | **Carillon Reams Core Plus Bond Fund** | **Carillon Reams Core Plus Bond Fund** | **Carillon Reams Core Plus Bond Fund** | **Carillon Reams Core Plus Bond Fund** |
| **Class A\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 28.99 | 1.19 | &nbsp;&nbsp;&nbsp;&nbsp;1.20 | 2.39 | &nbsp;&nbsp;&nbsp; (1.23) |  | (1.23) | 30.15 | &nbsp;&nbsp;&nbsp;&nbsp;0.80 | &nbsp;&nbsp;&nbsp;&nbsp;0.93 | 3.99 | &nbsp;&nbsp;&nbsp; 440 | 8.36 | &nbsp;&nbsp;&nbsp; 19  |
| 01/01/24 | 12/31/24 | 29.96 | 1.23 | &nbsp;&nbsp; (0.93) | 0.30 | &nbsp;&nbsp;&nbsp; (1.27) |  | (1.27) | 28.99 | &nbsp;&nbsp;&nbsp;&nbsp;0.80 | &nbsp;&nbsp;&nbsp;&nbsp;0.94 | 4.13 | &nbsp;&nbsp;&nbsp; 502 | 1.02 | &nbsp;&nbsp;&nbsp; 22  |
| 11/01/23 | 12/31/23 | 27.66 | 0.19 | &nbsp;&nbsp;&nbsp;&nbsp;2.42 | 2.61 | &nbsp;&nbsp;&nbsp; (0.31) |  | (0.31) | 29.96 | &nbsp;&nbsp;&nbsp;&nbsp;0.80 | &nbsp;&nbsp;&nbsp;&nbsp;0.91 | 3.94 | &nbsp;&nbsp;&nbsp; 49 | 9.46 | &nbsp;&nbsp;&nbsp; 5  |
| 11/01/22 | 10/31/23 | 28.81 | 1.04 | &nbsp;&nbsp; (0.84) | 0.20 | &nbsp;&nbsp;&nbsp; (1.35) |  | (1.35) | 27.66 | &nbsp;&nbsp;&nbsp;&nbsp;0.80 | &nbsp;&nbsp;&nbsp;&nbsp;0.90 | 3.50 | &nbsp;&nbsp;&nbsp; 532 | 0.51 | &nbsp;&nbsp;&nbsp; 4  |
| 11/01/21 | 10/31/22 | 34.45 | 0.53 | &nbsp;&nbsp; (5.67) | (5.14) | &nbsp;&nbsp;&nbsp; (0.50) |  | (0.50) | 28.81 | &nbsp;&nbsp;&nbsp;&nbsp;0.80 | &nbsp;&nbsp;&nbsp;&nbsp;0.90 | 1.63 | &nbsp;&nbsp;&nbsp; 413 | (15.06) | &nbsp;&nbsp;&nbsp; 3  |
| 11/01/20 | 10/31/21 | 36.57 | 0.23 | &nbsp;&nbsp; (0.60) | (0.37) | &nbsp;&nbsp;&nbsp; (0.38) | (1.37) | (1.75) | 34.45 | &nbsp;&nbsp;&nbsp;&nbsp;0.80 | &nbsp;&nbsp;&nbsp;&nbsp;0.90 | 0.65 | &nbsp;&nbsp;&nbsp; 220 | (1.12) | &nbsp;&nbsp;&nbsp; 7  |
| **Class C\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 28.76 | 0.95 | &nbsp;&nbsp;&nbsp;&nbsp;1.18 | 2.13 | &nbsp;&nbsp;&nbsp; (1.00) |  | (1.00) | 29.89 | &nbsp;&nbsp;&nbsp;&nbsp;1.55 | &nbsp;&nbsp;&nbsp;&nbsp;1.64 | 3.24 | &nbsp;&nbsp;&nbsp; 440 | 7.50 | &nbsp;&nbsp;&nbsp; 3  |
| 01/01/24 | 12/31/24 | 29.74 | 0.98 | &nbsp;&nbsp; (0.89) | 0.09 | &nbsp;&nbsp;&nbsp; (1.07) |  | (1.07) | 28.76 | &nbsp;&nbsp;&nbsp;&nbsp;1.55 | &nbsp;&nbsp;&nbsp;&nbsp;1.65 | 3.34 | &nbsp;&nbsp;&nbsp; 502 | 0.29 | &nbsp;&nbsp;&nbsp; 4  |
| 11/01/23 | 12/31/23 | 27.44 | 0.15 | &nbsp;&nbsp;&nbsp;&nbsp;2.40 | 2.55 | &nbsp;&nbsp;&nbsp; (0.25) |  | (0.25) | 29.74 | &nbsp;&nbsp;&nbsp;&nbsp;1.55 | &nbsp;&nbsp;&nbsp;&nbsp;1.66 | 3.19 | &nbsp;&nbsp;&nbsp; 49 | 9.33 | &nbsp;&nbsp;&nbsp; 4  |
| 11/01/22 | 10/31/23 | 28.59 | 0.80 | &nbsp;&nbsp; (0.81) | (0.01) | &nbsp;&nbsp;&nbsp; (1.14) |  | (1.14) | 27.44 | &nbsp;&nbsp;&nbsp;&nbsp;1.55 | &nbsp;&nbsp;&nbsp;&nbsp;1.65 | 2.71 | &nbsp;&nbsp;&nbsp; 532 | (0.24) | &nbsp;&nbsp;&nbsp; 4  |
| 11/01/21 | 10/31/22 | 34.35 | 0.31 | &nbsp;&nbsp; (5.66) | (5.35) | &nbsp;&nbsp;&nbsp; (0.41) |  | (0.41) | 28.59 | &nbsp;&nbsp;&nbsp;&nbsp;1.55 | &nbsp;&nbsp;&nbsp;&nbsp;1.67 | 0.96 | &nbsp;&nbsp;&nbsp; 413 | (15.69) | &nbsp;&nbsp;&nbsp; 4  |
| 11/01/20 | 10/31/21 | 36.55 | (0.04) | &nbsp;&nbsp; (0.60) | (0.64) | &nbsp;&nbsp;&nbsp; (0.19) | (1.37) | (1.56) | 34.35 | &nbsp;&nbsp;&nbsp;&nbsp;1.55 | &nbsp;&nbsp;&nbsp;&nbsp;1.67 | (0.11) | &nbsp;&nbsp;&nbsp; 220 | (1.87) | &nbsp;&nbsp;&nbsp; 6  |

---

The accompanying notes are an integral part of these financial statements.

89<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**Financial Highlights** 

---

| | | | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | **From investment operations** | **From investment operations** | **From investment operations** | **From investment operations** | **Dividends & distributions** | **Dividends & distributions** | **Dividends & distributions** |  | **Ratios to average net asset (%)** | **Ratios to average net asset (%)** | **Ratios to average net asset (%)** |  |  |  |
| **Fiscal period**  | **Fiscal period**  | **Beginning** <br>**net asset** <br>**value** | **Income** <br>(loss) | **Realized &** <br>**unrealized** <br>**gain (loss)** | **Total** | **From** <br>**investment** <br>**income** | **From** <br>**realized** <br>**gains** | **Total** | **Ending** <br>**net** <br>**asset** <br>**value** | **With** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Without** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Net** <br>**income** <br>(loss)<sup>(a)</sup> | **Portfolio** <br>**turnover** <br>**rate (%)<sup>(b)</sup>** | **Total** <br>**return** <br>**(%)<sup>(b)(c)</sup>** | **Ending** <br>**net** <br>**assets** <br>(millions)  |
| **Beginning** | **Ending**  | **Beginning** <br>**net asset** <br>**value** | **Income** <br>(loss) | **Realized &** <br>**unrealized** <br>**gain (loss)** | **Total** | **From** <br>**investment** <br>**income** | **From** <br>**realized** <br>**gains** | **Total** | **Ending** <br>**net** <br>**asset** <br>**value** | **With** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Without** <br>**expenses** <br>**waived/** <br>**recovered<sup>(a)</sup>** | **Net** <br>**income** <br>(loss)<sup>(a)</sup> | **Portfolio** <br>**turnover** <br>**rate (%)<sup>(b)</sup>** | **Total** <br>**return** <br>**(%)<sup>(b)(c)</sup>** | **Ending** <br>**net** <br>**assets** <br>(millions)  |
| **Carillon Reams Core Plus Bond Fund — (Continued)** | **Carillon Reams Core Plus Bond Fund — (Continued)** | **Carillon Reams Core Plus Bond Fund — (Continued)** | **Carillon Reams Core Plus Bond Fund — (Continued)** | **Carillon Reams Core Plus Bond Fund — (Continued)** | **Carillon Reams Core Plus Bond Fund — (Continued)** | **Carillon Reams Core Plus Bond Fund — (Continued)** | **Carillon Reams Core Plus Bond Fund — (Continued)** | **Carillon Reams Core Plus Bond Fund — (Continued)** | **Carillon Reams Core Plus Bond Fund — (Continued)** | **Carillon Reams Core Plus Bond Fund — (Continued)** | **Carillon Reams Core Plus Bond Fund — (Continued)** | **Carillon Reams Core Plus Bond Fund — (Continued)** | **Carillon Reams Core Plus Bond Fund — (Continued)** | **Carillon Reams Core Plus Bond Fund — (Continued)** | **Carillon Reams Core Plus Bond Fund — (Continued)** |
| **Class I\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | &nbsp;&nbsp; $29.10 | $1.29 | &nbsp;&nbsp; $1.20 | $2.49 | &nbsp;&nbsp;&nbsp; $(1.32) | $— | $(1.32) | 30.27 | &nbsp;&nbsp;&nbsp;&nbsp;0.50 | &nbsp;&nbsp;&nbsp;&nbsp;0.65 | 4.31 | &nbsp;&nbsp;&nbsp; 440 | 8.68 | &nbsp;&nbsp; 1616  |
| 01/01/24 | 12/31/24 | 30.07 | 1.31 | &nbsp;&nbsp; (0.91) | 0.40 | &nbsp;&nbsp;&nbsp; (1.37) |  | (1.37) | 29.10 | &nbsp;&nbsp;&nbsp;&nbsp;0.48 | &nbsp;&nbsp;&nbsp;&nbsp;0.65 | 4.41 | &nbsp;&nbsp;&nbsp; 502 | 1.34 | &nbsp;&nbsp; 1433  |
| 11/01/23 | 12/31/23 | 27.76 | 0.21 | &nbsp;&nbsp;&nbsp;&nbsp;2.43 | 2.64 | &nbsp;&nbsp;&nbsp; (0.33) |  | (0.33) | 30.07 | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.66 | 4.34 | &nbsp;&nbsp;&nbsp; 49 | 9.57 | &nbsp;&nbsp; 1502  |
| 11/01/22 | 10/31/23 | 28.91 | 1.16 | &nbsp;&nbsp; (0.84) | 0.32 | &nbsp;&nbsp;&nbsp; (1.47) |  | (1.47) | 27.76 | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.64 | 3.90 | &nbsp;&nbsp;&nbsp; 532 | 0.91 | &nbsp;&nbsp; 1346  |
| 11/01/21 | 10/31/22 | 34.54 | 0.70 | &nbsp;&nbsp; (5.74) | (5.04) | &nbsp;&nbsp;&nbsp; (0.59) |  | (0.59) | 28.91 | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.65 | 2.17 | &nbsp;&nbsp;&nbsp; 413 | (14.74) | &nbsp;&nbsp; 980  |
| 11/01/20 | 10/31/21 | 36.64 | 0.37 | &nbsp;&nbsp; (0.59) | (0.22) | &nbsp;&nbsp;&nbsp; (0.51) | (1.37) | (1.88) | 34.54 | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.65 | 1.04 | &nbsp;&nbsp;&nbsp; 220 | (0.71) | &nbsp;&nbsp; 1142  |
| **Class R-6\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 29.11 | 1.32 | &nbsp;&nbsp;&nbsp;&nbsp;1.19 | 2.51 | &nbsp;&nbsp;&nbsp; (1.35) |  | (1.35) | 30.27 | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.55 | 4.42 | &nbsp;&nbsp;&nbsp; 440 | 8.75 | &nbsp;&nbsp; 404  |
| 01/01/24 | 12/31/24 | 30.07 | 1.37 | &nbsp;&nbsp; (0.94) | 0.43 | &nbsp;&nbsp;&nbsp; (1.39) |  | (1.39) | 29.11 | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.55 | 4.56 | &nbsp;&nbsp;&nbsp; 502 | 1.46 | &nbsp;&nbsp; 314  |
| 11/01/23 | 12/31/23 | 27.77 | 0.21 | &nbsp;&nbsp;&nbsp;&nbsp;2.42 | 2.63 | &nbsp;&nbsp;&nbsp; (0.33) |  | (0.33) | 30.07 | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.57 | 4.34 | &nbsp;&nbsp;&nbsp; 49 | 9.53 | &nbsp;&nbsp; 52  |
| 11/01/22 | 10/31/23 | 28.92 | 1.28 | &nbsp;&nbsp; (0.96) | 0.32 | &nbsp;&nbsp;&nbsp; (1.47) |  | (1.47) | 27.77 | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.57 | 4.30 | &nbsp;&nbsp;&nbsp; 532 | 0.90 | &nbsp;&nbsp; 47  |
| 11/01/21 | 10/31/22 | 34.54 | 0.77 | &nbsp;&nbsp; (5.80) | (5.03) | &nbsp;&nbsp;&nbsp; (0.59) |  | (0.59) | 28.92 | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.56 | 2.42 | &nbsp;&nbsp;&nbsp; 413 | (14.71) | &nbsp;&nbsp; 5  |
| 11/01/20 | 10/31/21 | 36.65 | 0.37 | &nbsp;&nbsp; (0.60) | (0.23) | &nbsp;&nbsp;&nbsp; (0.51) | (1.37) | (1.88) | 34.54 | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.56 | 1.06 | &nbsp;&nbsp;&nbsp; 220 | (0.74) | &nbsp;&nbsp; 4  |
| **Carillon Reams Unconstrained Bond Fund** | **Carillon Reams Unconstrained Bond Fund** | **Carillon Reams Unconstrained Bond Fund** | **Carillon Reams Unconstrained Bond Fund** | **Carillon Reams Unconstrained Bond Fund** | **Carillon Reams Unconstrained Bond Fund** | **Carillon Reams Unconstrained Bond Fund** | **Carillon Reams Unconstrained Bond Fund** | **Carillon Reams Unconstrained Bond Fund** | **Carillon Reams Unconstrained Bond Fund** | **Carillon Reams Unconstrained Bond Fund** | **Carillon Reams Unconstrained Bond Fund** | **Carillon Reams Unconstrained Bond Fund** | **Carillon Reams Unconstrained Bond Fund** | **Carillon Reams Unconstrained Bond Fund** | **Carillon Reams Unconstrained Bond Fund** |
| **Class A\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 12.14 | 0.52 | &nbsp;&nbsp;&nbsp;&nbsp;0.70 | 1.22 | &nbsp;&nbsp;&nbsp; (0.51) | (0.27) | (0.78) | 12.58 | &nbsp;&nbsp;&nbsp;&nbsp;0.90 | &nbsp;&nbsp;&nbsp;&nbsp;1.04 | 4.09 | &nbsp;&nbsp;&nbsp; 428 | 10.17 | &nbsp;&nbsp; 56  |
| 01/01/24 | 12/31/24 | 12.23 | 0.48 | &nbsp;&nbsp; (0.01) | 0.47 | &nbsp;&nbsp;&nbsp; (0.56) |  | (0.56) | 12.14 | &nbsp;&nbsp;&nbsp;&nbsp;0.90 | &nbsp;&nbsp;&nbsp;&nbsp;1.06 | 3.90 | &nbsp;&nbsp;&nbsp; 566 | 3.92 | &nbsp;&nbsp; 33  |
| 11/01/23 | 12/31/23 | 11.53 | 0.08 | &nbsp;&nbsp;&nbsp;&nbsp;0.74 | 0.82 | &nbsp;&nbsp;&nbsp; (0.12) |  | (0.12) | 12.23 | &nbsp;&nbsp;&nbsp;&nbsp;0.80 | &nbsp;&nbsp;&nbsp;&nbsp;1.10 | 3.76 | &nbsp;&nbsp;&nbsp; 49 | 7.15 | &nbsp;&nbsp; 6  |
| 11/01/22 | 10/31/23 | 11.53 | 0.42 | &nbsp;&nbsp;&nbsp;&nbsp;0.12 | 0.54 | &nbsp;&nbsp;&nbsp; (0.54) |  | (0.54) | 11.53 | &nbsp;&nbsp;&nbsp;&nbsp;0.80 | &nbsp;&nbsp;&nbsp;&nbsp;1.09 | 3.54 | &nbsp;&nbsp;&nbsp; 458 | 4.61 | &nbsp;&nbsp; 6  |
| 11/01/21 | 10/31/22 | 12.79 | 0.20 | &nbsp;&nbsp; (1.20) | (1.00) | &nbsp;&nbsp;&nbsp; (0.13) | (0.13) | (0.26) | 11.53 | &nbsp;&nbsp;&nbsp;&nbsp;0.80 | &nbsp;&nbsp;&nbsp;&nbsp;1.08 | 1.67 | &nbsp;&nbsp;&nbsp; 273 | (7.90) | &nbsp;&nbsp; 5  |
| 11/01/20 | 10/31/21 | 12.81 | 0.06 | &nbsp;&nbsp;&nbsp;&nbsp;0.17 | 0.23 | &nbsp;&nbsp;&nbsp; (0.25) |  | (0.25) | 12.79 | &nbsp;&nbsp;&nbsp;&nbsp;0.80 | &nbsp;&nbsp;&nbsp;&nbsp;1.08 | 0.46 | &nbsp;&nbsp;&nbsp; 80 | 1.78 | &nbsp;&nbsp; 5  |
| **Class C\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 12.02 | 0.42 | &nbsp;&nbsp;&nbsp;&nbsp;0.70 | 1.12 | &nbsp;&nbsp;&nbsp; (0.43) | (0.27) | (0.70) | 12.44 | &nbsp;&nbsp;&nbsp;&nbsp;1.65 | &nbsp;&nbsp;&nbsp;&nbsp;1.74 | 3.35 | &nbsp;&nbsp;&nbsp; 428 | 9.43 | &nbsp;&nbsp; 4  |
| 01/01/24 | 12/31/24 | 12.12 | 0.38 | &nbsp;&nbsp; —<sup>(d)</sup> | 0.38 | &nbsp;&nbsp;&nbsp; (0.48) |  | (0.48) | 12.02 | &nbsp;&nbsp;&nbsp;&nbsp;1.64 | &nbsp;&nbsp;&nbsp;&nbsp;1.76 | 3.13 | &nbsp;&nbsp;&nbsp; 566 | 3.14 | &nbsp;&nbsp; 2  |
| 11/01/23 | 12/31/23 | 11.42 | 0.06 | &nbsp;&nbsp;&nbsp;&nbsp;0.74 | 0.80 | &nbsp;&nbsp;&nbsp; (0.10) |  | (0.10) | 12.12 | &nbsp;&nbsp;&nbsp;&nbsp;1.55 | &nbsp;&nbsp;&nbsp;&nbsp;1.86 | 3.00 | &nbsp;&nbsp;&nbsp; 49 | 7.02 | &nbsp;&nbsp; 1  |
| 11/01/22 | 10/31/23 | 11.44 | 0.32 | &nbsp;&nbsp;&nbsp;&nbsp;0.11 | 0.43 | &nbsp;&nbsp;&nbsp; (0.45) |  | (0.45) | 11.42 | &nbsp;&nbsp;&nbsp;&nbsp;1.55 | &nbsp;&nbsp;&nbsp;&nbsp;1.85 | 2.72 | &nbsp;&nbsp;&nbsp; 458 | 3.70 | &nbsp;&nbsp; 1  |
| 11/01/21 | 10/31/22 | 12.72 | 0.11 | &nbsp;&nbsp; (1.18) | (1.07) | &nbsp;&nbsp;&nbsp; (0.08) | (0.13) | (0.21) | 11.44 | &nbsp;&nbsp;&nbsp;&nbsp;1.55 | &nbsp;&nbsp;&nbsp;&nbsp;1.86 | 0.90 | &nbsp;&nbsp;&nbsp; 273 | (8.53) | &nbsp;&nbsp; 2  |
| 11/01/20 | 10/31/21 | 12.79 | (0.02) | &nbsp;&nbsp;&nbsp;&nbsp;0.15 | 0.13 | &nbsp;&nbsp;&nbsp; (0.20) |  | (0.20) | 12.72 | &nbsp;&nbsp;&nbsp;&nbsp;1.55 | &nbsp;&nbsp;&nbsp;&nbsp;1.86 | (0.13) | &nbsp;&nbsp;&nbsp; 80 | 1.02 | &nbsp;&nbsp; 2  |
| **Class I\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 12.16 | 0.55 | &nbsp;&nbsp;&nbsp;&nbsp;0.72 | 1.27 | &nbsp;&nbsp;&nbsp; (0.54) | (0.27) | (0.81) | 12.62 | &nbsp;&nbsp;&nbsp;&nbsp;0.60 | &nbsp;&nbsp;&nbsp;&nbsp;0.76 | 4.35 | &nbsp;&nbsp;&nbsp; 428 | 10.61 | &nbsp;&nbsp; 1796  |
| 01/01/24 | 12/31/24 | 12.25 | 0.51 | &nbsp;&nbsp; —<sup>(d)</sup> | 0.51 | &nbsp;&nbsp;&nbsp; (0.60) |  | (0.60) | 12.16 | &nbsp;&nbsp;&nbsp;&nbsp;0.58 | &nbsp;&nbsp;&nbsp;&nbsp;0.78 | 4.16 | &nbsp;&nbsp;&nbsp; 566 | 4.22 | &nbsp;&nbsp; 1324  |
| 11/01/23 | 12/31/23 | 11.55 | 0.08 | &nbsp;&nbsp;&nbsp;&nbsp;0.75 | 0.83 | &nbsp;&nbsp;&nbsp; (0.13) |  | (0.13) | 12.25 | &nbsp;&nbsp;&nbsp;&nbsp;0.50 | &nbsp;&nbsp;&nbsp;&nbsp;0.87 | 4.04 | &nbsp;&nbsp;&nbsp; 49 | 7.21 | &nbsp;&nbsp; 1280  |
| 11/01/22 | 10/31/23 | 11.56 | 0.46 | &nbsp;&nbsp;&nbsp;&nbsp;0.10 | 0.56 | &nbsp;&nbsp;&nbsp; (0.57) |  | (0.57) | 11.55 | &nbsp;&nbsp;&nbsp;&nbsp;0.50 | &nbsp;&nbsp;&nbsp;&nbsp;0.86 | 3.86 | &nbsp;&nbsp;&nbsp; 458 | 4.82 | &nbsp;&nbsp; 1143  |
| 11/01/21 | 10/31/22 | 12.80 | 0.24 | &nbsp;&nbsp; (1.19) | (0.95) | &nbsp;&nbsp;&nbsp; (0.16) | (0.13) | (0.29) | 11.56 | &nbsp;&nbsp;&nbsp;&nbsp;0.50 | &nbsp;&nbsp;&nbsp;&nbsp;0.85 | 1.97 | &nbsp;&nbsp;&nbsp; 273 | (7.55) | &nbsp;&nbsp; 935  |
| 11/01/20 | 10/31/21 | 12.81 | 0.12 | &nbsp;&nbsp;&nbsp;&nbsp;0.15 | 0.27 | &nbsp;&nbsp;&nbsp; (0.28) |  | (0.28) | 12.80 | &nbsp;&nbsp;&nbsp;&nbsp;0.50 | &nbsp;&nbsp;&nbsp;&nbsp;0.85 | 0.92 | &nbsp;&nbsp;&nbsp; 80 | 2.08 | &nbsp;&nbsp; 1110  |
| **Class R-6\***<br>|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| 01/01/25 | 12/31/25 | 12.16 | 0.56 | &nbsp;&nbsp;&nbsp;&nbsp;0.72 | 1.28 | &nbsp;&nbsp;&nbsp; (0.55) | (0.27) | (0.82) | 12.62 | &nbsp;&nbsp;&nbsp;&nbsp;0.51 | &nbsp;&nbsp;&nbsp;&nbsp;0.66 | 4.42 | &nbsp;&nbsp;&nbsp; 428 | 10.72 | &nbsp;&nbsp; 308  |
| 01/01/24 | 12/31/24 | 12.25 | 0.53 | &nbsp;&nbsp; (0.01) | 0.52 | &nbsp;&nbsp;&nbsp; (0.61) |  | (0.61) | 12.16 | &nbsp;&nbsp;&nbsp;&nbsp;0.49 | &nbsp;&nbsp;&nbsp;&nbsp;0.67 | 4.29 | &nbsp;&nbsp;&nbsp; 566 | 4.32 | &nbsp;&nbsp; 269  |
| 11/01/23 | 12/31/23 | 11.55 | 0.08 | &nbsp;&nbsp;&nbsp;&nbsp;0.75 | 0.83 | &nbsp;&nbsp;&nbsp; (0.13) |  | (0.13) | 12.25 | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.78 | 4.16 | &nbsp;&nbsp;&nbsp; 49 | 7.24 | &nbsp;&nbsp; 101  |
| 11/01/22 | 10/31/23 | 11.56 | 0.47 | &nbsp;&nbsp;&nbsp;&nbsp;0.10 | 0.57 | &nbsp;&nbsp;&nbsp; (0.58) |  | (0.58) | 11.55 | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.76 | 3.90 | &nbsp;&nbsp;&nbsp; 458 | 4.92 | &nbsp;&nbsp; 90  |
| 11/01/21 | 10/31/22 | 12.80 | 0.26 | &nbsp;&nbsp; (1.20) | (0.94) | &nbsp;&nbsp;&nbsp; (0.17) | (0.13) | (0.30) | 11.56 | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.76 | 2.15 | &nbsp;&nbsp;&nbsp; 273 | (7.46) | &nbsp;&nbsp; 91  |
| 11/01/20 | 10/31/21 | 12.81 | 0.13 | &nbsp;&nbsp;&nbsp;&nbsp;0.15 | 0.28 | &nbsp;&nbsp;&nbsp; (0.29) |  | (0.29) | 12.80 | &nbsp;&nbsp;&nbsp;&nbsp;0.40 | &nbsp;&nbsp;&nbsp;&nbsp;0.76 | 1.01 | &nbsp;&nbsp;&nbsp; 80 | 2.17 | &nbsp;&nbsp; 68 |

---

\* Per share amounts have been calculated using the daily average share method. Classes with less than five years presented are showing results from the inception of the share class.

<sup>(a)</sup> Annualized for periods less than one year.

<sup>(b)</sup> Not annualized for periods less than one year.

<sup>(c)</sup> Total returns are calculated without the imposition of either front-end or contingent deferred sales charges.

<sup>(d)</sup> Per share amount is less than $0.005.

<sup>(e)</sup> The fund changed its subadviser in January of 2025.

The accompanying notes are an integral part of these financial statements.

90<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**NOTES TO FINANCIAL STATEMENTS** 

**December 31, 2025** 

**NOTE 1 – ORGANIZATION AND INVESTMENT OBJECTIVE** 

Carillon Series Trust (the "Trust" or the "Carillon Family of Funds") is a Delaware statutory trust, and is registered under the Investment Company Act of 1940, as amended, as an open-end diversified management investment company. The Trust offers shares in separate series each of which is advised by Carillon Tower Advisers, Inc. ("Carillon Tower" or "Manager"). On September 30, 2022, Carillon Tower began also doing business as Raymond James Investment Management. This did not involve any change in Carillon Tower's structure, ownership, or control. The Trust offers shares in both open-end mutual funds and exchange-traded funds. This report covers the following mutual fund series (each a "fund" and collectively the "funds"):

&nbsp;&nbsp;&nbsp;&nbsp;• **Carillon Chartwell Mid Cap Value Fund** ("Mid Cap Value Fund") seeks long-term capital appreciation,

&nbsp;&nbsp;&nbsp;&nbsp;• **Carillon Chartwell Small Cap Growth Fund** ("Chartwell Small Cap Growth Fund") seeks long-term capital appreciation,

&nbsp;&nbsp;&nbsp;&nbsp;• **Carillon Chartwell Small Cap Value Fund** ("Small Cap Value Fund") seeks long-term capital appreciation,

&nbsp;&nbsp;&nbsp;&nbsp;• **Carillon ClariVest Capital Appreciation Fund** ("Capital Appreciation Fund") seeks long-term capital appreciation,

&nbsp;&nbsp;&nbsp;&nbsp;• **Carillon ClariVest International Stock Fund** ("International Stock Fund") seeks capital appreciation,

&nbsp;&nbsp;&nbsp;&nbsp;• **Carillon Eagle Growth & Income Fund** ("Growth & Income Fund") primarily seeks long-term capital appreciation and, secondarily,
 seeks current income,

&nbsp;&nbsp;&nbsp;&nbsp;• **Carillon Eagle Mid Cap Growth Fund** ("Mid Cap Growth Fund") seeks long-term capital appreciation,

&nbsp;&nbsp;&nbsp;&nbsp;• **Carillon Eagle Small Cap Growth Fund** ("Eagle Small Cap Growth Fund") seeks long-term capital appreciation,

&nbsp;&nbsp;&nbsp;&nbsp;• **Carillon Scout Mid Cap Fund** ("Mid Cap Fund") seeks long-term growth of capital,

&nbsp;&nbsp;&nbsp;&nbsp;• **Carillon Chartwell Small Cap Fund** ("Small Cap Fund"; prior to January 18, 2025, the name of the fund was Carillon Scout Small Cap
 Fund and Scout Investments, Inc. served as subadviser) seeks long-term growth of capital,

&nbsp;&nbsp;&nbsp;&nbsp;• **Carillon Chartwell Real Income Fund** ("Real Income Fund") primarily seeks current income and, secondarily, seeks to preserve inflation
 adjusted capital,

&nbsp;&nbsp;&nbsp;&nbsp;• **Carillon Chartwell Short Duration High Yield Fund** ("Short Duration High Yield Fund") seeks income and long-term capital appreciation,

&nbsp;&nbsp;&nbsp;&nbsp;• **Carillon Reams Core Bond Fund** ("Core Bond Fund") seeks a high level of total return consistent with the preservation of capital,

&nbsp;&nbsp;&nbsp;&nbsp;• **Carillon Reams Core Plus Bond Fund** ("Core Plus Bond Fund") seeks a high level of total return consistent with the preservation of
 capital, and

&nbsp;&nbsp;&nbsp;&nbsp;• **Carillon Reams Unconstrained Bond Fund** ("Unconstrained Bond Fund") seeks to maximize total return consistent with the preservation
 of capital.

For financial information related to the Trust's exchange-traded funds, please refer to their separate annual report.

**Class Offerings. As of December 31, 2025, each fund was authorized and offered Class A, Class C, Class I, and Class R-6 shares to qualified buyers.** 

91<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**NOTES TO FINANCIAL STATEMENTS** 

**December 31, 2025(Continued)** 

&nbsp;&nbsp;&nbsp;&nbsp;• For all funds except the Real Income Fund, Short
 Duration High Yield Fund, Core Bond Fund, Core Plus Bond Fund and Unconstrained Bond Fund, Class A shares are sold at a maximum front-end
 sales charge of 4.75%. For the Real Income Fund, Short Duration High Yield Fund, Core Bond Fund, Core Plus Bond Fund, and Unconstrained
 Bond Fund, Class A shares are sold at a maximum front-end sales charge of 3.75%. Class A share investments greater than $1 million,
 which are not sold subject to a sales charge, may be subject to a contingent deferred sales charge ("CDSC") of up to 1.00%
 of the lower of net asset value ("NAV") or purchase price if redeemed within 18 months of purchase.

&nbsp;&nbsp;&nbsp;&nbsp;• Class C shares are sold subject to a CDSC
 of 1.00% of the lower of NAV or purchase price if redeemed less than one year after purchase. Class C shares automatically convert to
 Class A shares for all purchases that have surpassed their 8-year anniversary date.

&nbsp;&nbsp;&nbsp;&nbsp;• Class I and Class R-6 shares are sold without a
 front-end sales charge or a CDSC.

**NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES** 

The following is a summary of significant accounting policies of the funds. The policies are in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP"). The funds are investment companies and, accordingly, follow the investment company accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946—Investment Companies, which is part of U.S. GAAP.

**Use of Estimates. The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures. Actual results could differ from those estimates and those differences could be material.** 

**Valuation of Securities. The price of each fund's shares is based on the NAV per share of each class of a fund. Each fund normally determines the NAV of its shares each business day as of the scheduled close of regular trading on the New York Stock Exchange (NYSE) and the Nasdaq (typically 4:00 p.m. ET). A fund will not treat an intraday unscheduled disruption in trading on either the NYSE or Nasdaq as a closure of that particular market, and will price its shares as of the normally scheduled close of the NYSE and Nasdaq if the disruption directly affects only one of those markets. If the NYSE or other securities exchange modifies the published closing price of securities traded on that exchange after the NAV is calculated, the funds are not required to recalculate their NAV.** 

Generally, a fund values portfolio securities for which market quotations are readily available at market value; however, a fund may adjust the market quotation price to reflect events that occur between the close of those markets and the time of the fund's determination of the NAV.

A market quotation may be considered unreliable or unavailable for various reasons, such as:

&nbsp;&nbsp;&nbsp;&nbsp;• The quotation may be stale;

&nbsp;&nbsp;&nbsp;&nbsp;• The security is not actively traded;

&nbsp;&nbsp;&nbsp;&nbsp;• Trading on the security halted before the close
 of the trading market;

&nbsp;&nbsp;&nbsp;&nbsp;• The security is newly issued;

&nbsp;&nbsp;&nbsp;&nbsp;• Issuer-specific or vendor specific events occurred
 after the security halted trading; or

&nbsp;&nbsp;&nbsp;&nbsp;• Due to the passage of time between the close of
 the market on which the security trades and the close of the NYSE and the Nasdaq.

Examples of issuer-specific events that may cause the last market quotation to be unreliable include:

&nbsp;&nbsp;&nbsp;&nbsp;• A merger or insolvency;

&nbsp;&nbsp;&nbsp;&nbsp;• Events which affect a geographical area or an industry
 segment, such as political events or natural disasters; or

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&nbsp;&nbsp;&nbsp;&nbsp;• Market events, such as a significant movement in
 the U.S. markets.

For most securities, both the latest transaction prices and adjustments are furnished by independent pricing services, subject to oversight by the Trust's Board of Trustees ("Board"). In accordance with Rule 2a-5 under the Investment Company Act of 1940, as amended, the Board approved the Adviser as the funds' valuation designee to be responsible for carrying out pricing and valuation duties in accordance with the Adviser's Valuation Procedures (the "Procedures"). The funds value all other securities and assets for which market quotations are unavailable or unreliable at their fair value determined in good faith.

There can be no assurance, however, that a fair value price used by a fund on any given day will more accurately reflect the market value of a security than a market price of such security on that day, as fair valuation determinations may involve subjective judgments made by the Valuation Committee. Fair value pricing may deter shareholders from trading a fund's shares on a frequent basis in an attempt to take advantage of arbitrage opportunities resulting from potentially stale prices of portfolio holdings. However, it cannot eliminate the possibility of frequent trading. Specific types of securities are valued as follows:

&nbsp;&nbsp;&nbsp;&nbsp;• **Domestic exchange-traded equity securities.** Market quotations are generally available and reliable for domestic exchange-traded equity securities. If the
 prices provided by the independent pricing service and independent quoted prices are unavailable or unreliable, the Valuation Committee
 will fair value the security using the Procedures.

&nbsp;&nbsp;&nbsp;&nbsp;• **Foreign equity securities.** If market quotations are available and reliable for foreign exchange-traded equity securities, the securities will
 be valued at the market quotations. Because trading hours for certain foreign securities end before the close of the NYSE and the Nasdaq,
 closing market quotations may become unreliable. Consequently, fair valuation of portfolio securities may occur on a daily basis. The
 Valuation Committee, using the Procedures, may fair value a security if certain events occur between the time the trading of a particular
 security ends in a foreign market and a fund's NAV calculation. The Valuation Committee, using the Procedures, may also fair value
 a particular security if the events are significant and make the closing price unavailable or unreliable. If an issuer-specific event
 has occurred that Carillon Tower determines, in its judgment, is likely to have affected the closing price of a foreign security, it will
 price the security at fair value. Carillon Tower also utilizes a screening process from a pricing vendor to indicate the degree of certainty,
 based on historical data, that the closing price in the principal market where a foreign security trades is not the current market value
 as of the close of the NYSE. Securities and other assets quoted in foreign currencies are valued in U.S. dollars based on exchange rates
 provided by an independent pricing service. The pricing vendor, pricing methodology or degree of certainty may change from time to time.
 Fund securities primarily traded on foreign markets may trade on days that are not business days of the funds. Because the NAV of a fund's
 shares is determined only on business days of the fund, the value of the portfolio securities of a fund that invests in foreign securities
 may change on days when shareholders would not be able to purchase or redeem shares of the fund.

&nbsp;&nbsp;&nbsp;&nbsp;• **Fixed income securities.** Government bonds, corporate bonds, asset-backed bonds, municipal bonds, medium-term notes, short-term securities (investments that
 have a maturity date of 60 days or less), and convertible securities, including high yield or junk bonds, normally are valued on the basis
 of evaluated prices provided by independent pricing services. Evaluated prices provided by the independent pricing services may be determined
 without exclusive reliance on quoted prices, and may reflect appropriate factors and appropriate methodologies that have been considered
 by the Board such as institution-size trading in similar groups of securities, developments related to special securities, dividend rate,
 maturity and other market data. If the evaluated prices provided by the independent pricing service and independent quoted prices are
 unavailable or unreliable, the Valuation Committee will fair value the security using the Procedures.

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&nbsp;&nbsp;&nbsp;&nbsp;• **Futures and options.** Futures and options are valued on the basis of market quotations, if available and reliable. If prices provided by independent
 pricing services and independent quoted prices are unavailable or unreliable, the Valuation Committee will fair value the security using
 the Procedures. During the year ended December 31, 2025, only the Core Plus Bond Fund and Unconstrained Bond Fund held futures and
 options.

&nbsp;&nbsp;&nbsp;&nbsp;• **Swaps.** Swaps
 are valued with prices provided by independent pricing services. If prices provided by independent pricing services are unavailable or
 unreliable, the Valuation Committee will fair value the security using the Procedures. During the year ended December 31, 2025, only
 the Core Plus Bond Fund and Unconstrained Bond Fund held swaps.

&nbsp;&nbsp;&nbsp;&nbsp;• **Forward contracts.** Forward contracts are valued daily at current forward rates provided by an independent pricing service. If prices provided by independent
 pricing services and independent quoted prices are unavailable or unreliable, the Valuation Committee will fair value the security using
 the Procedures. During the year ended December 31, 2025, only the Core Plus Bond Fund and Unconstrained Bond Fund held forwards.

&nbsp;&nbsp;&nbsp;&nbsp;• **Investment companies and exchange-traded funds (ETFs).** Investments in other open-end investment companies are valued at their reported NAV. The prospectuses
 for these companies explain the circumstances under which these companies will use fair value pricing and the effect of the fair value
 pricing. In addition, investments in closed-end funds and ETFs are valued on the basis of market quotations, if available and reliable.
 If the prices provided by independent pricing services and independent quoted prices are unavailable or unreliable, the Valuation Committee
 will fair value the security using the Procedures.

**Fair Value Measurements. Each fund utilizes a three-level hierarchy of inputs to establish a classification of fair value measurements. The three levels are defined as:**

Level 1 – Valuations based on unadjusted quoted prices for identical securities in active markets;

Level 2 – Valuations based on inputs other than quoted prices that are observable, either directly or indirectly, including inputs in markets that are not considered active; and

Level 3 – Valuations based on inputs that are unobservable and significant to the fair value measurement and may include the Valuation Committee's own assumptions on determining fair value of investments.

Inputs that are used in determining fair value of an investment may include price information, credit data, volatility statistics, and other factors. These inputs can be either observable or unobservable. The availability of observable inputs can vary between investments and is affected by various factors such as the type of investment and the volume and/or level of activity for that investment or similar investments in the marketplace. The inputs will be considered by the Valuation Committee, along with any other relevant factors in the calculation of an investment's fair value. A fund uses prices and inputs that are current as of the valuation date, which may include periods of market dislocations. During these periods, the availability of prices and inputs may be reduced for many investments. This condition could cause an investment to be reclassified between the various levels within the hierarchy. Investments falling into the Level 3 category may be classified as such due to a lack of market transparency and corroboration to support the quoted prices. Additionally, valuation models may be used as the pricing source for any remaining investments classified as Level 3. These models may rely on one or more significant unobservable inputs and/or significant assumptions by the Valuation Committee. Inputs used in valuations may include, but are not limited to, financial statement analysis, capital account balances, discount rates and estimated cash flows, and comparable entity data.

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The following is a summary of the inputs used to value each fund's investments as of December 31, 2025:

---

| | | | |
|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3**  |
| **Mid Cap Value Fund**<br>|  |  |  |
| Common stocks<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $20590680 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $—  |
| **Total investment portfolio** | &nbsp;&nbsp;&nbsp; $20590680 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $—  |
| **Chartwell Small Cap Growth Fund**<br>|  |  |  |
| Common stocks<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $107438004 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $—  |
| Short-term investments | &nbsp;&nbsp;&nbsp; 862785 | &nbsp;&nbsp; — | &nbsp;&nbsp; —  |
| **Total investment portfolio** | &nbsp;&nbsp;&nbsp; $108300789 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $—  |
| **Small Cap Value Fund**<br>|  |  |  |
| Common stocks<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $44334379 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $—  |
| **Total investment portfolio** | &nbsp;&nbsp;&nbsp; $44334379 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $—  |
| **Capital Appreciation Fund**<br>|  |  |  |
| Common stocks<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $582987993 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $—  |
| **Total investment portfolio** | &nbsp;&nbsp;&nbsp; $582987993 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $—  |
| **International Stock Fund**<br>|  |  |  |
| Common stocks:<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Australia | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp; $22492765 | &nbsp;&nbsp; $—  |
| &nbsp;&nbsp;&nbsp; Brazil | &nbsp;&nbsp;&nbsp; 12358033 | &nbsp;&nbsp; — | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Canada | &nbsp;&nbsp;&nbsp; 73973241 | &nbsp;&nbsp; — | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; China | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 34946644 | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Denmark | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 8895065 | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; France | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 56154334 | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Germany | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 64956595 | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Hong Kong | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 10987200 | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; India | &nbsp;&nbsp;&nbsp; 1814254 | &nbsp;&nbsp; 11226602 | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Ireland | &nbsp;&nbsp;&nbsp; 2551275 | &nbsp;&nbsp; — | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Israel | &nbsp;&nbsp;&nbsp; 9891135 | &nbsp;&nbsp; 6283501 | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Italy | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 23261634 | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Japan | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 161463157 | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Netherlands | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 27855732 | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Singapore | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 15676631 | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; South Korea | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 55458367 | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Spain | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 33132665 | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Switzerland | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 38878105 | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Taiwan | &nbsp;&nbsp;&nbsp; 34440765 | &nbsp;&nbsp; 38635566 | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; United Kingdom | &nbsp;&nbsp;&nbsp; 2397745 | &nbsp;&nbsp; 111116923 | &nbsp;&nbsp; —  |
| Exchange traded funds | &nbsp;&nbsp;&nbsp; 18171179 | &nbsp;&nbsp; — | &nbsp;&nbsp; —  |
| Short-term investments | &nbsp;&nbsp;&nbsp; 330750 | &nbsp;&nbsp; — | &nbsp;&nbsp; —  |
| **Total investment portfolio** | &nbsp;&nbsp;&nbsp; $155928377 | &nbsp;&nbsp; $721421486 | &nbsp;&nbsp; $—  |

---

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**December 31, 2025(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3**  |
| **Growth & Income Fund**<br>|  |  |  |
| Common stocks<sup>(a)</sup> | &nbsp;&nbsp; $486338906 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $—  |
| **Total investment portfolio** | &nbsp;&nbsp; $486338906 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $—  |
| **Mid Cap Growth Fund**<br>|  |  |  |
| Common stocks<sup>(a)</sup> | &nbsp;&nbsp; $5240495299 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $—  |
| Short-term investments | &nbsp;&nbsp; 30142759 | &nbsp;&nbsp; — | &nbsp;&nbsp; —  |
| **Total investment portfolio** | &nbsp;&nbsp; $5270638058 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $—  |
| **Eagle Small Cap Growth Fund**<br>|  |  |  |
| Common stocks<sup>(a)</sup> | &nbsp;&nbsp; $415066385 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $—  |
| **Total investment portfolio** | &nbsp;&nbsp; $415066385 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $—  |
| **Mid Cap Fund**<br>|  |  |  |
| Common stocks<sup>(a)</sup> | &nbsp;&nbsp; $3189283441 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $—  |
| Short-term investments | &nbsp;&nbsp; 10169881 | &nbsp;&nbsp; — | &nbsp;&nbsp; —  |
| **Total investment portfolio** | &nbsp;&nbsp; $3199453322 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $—  |
| **Small Cap Fund**<br>|  |  |  |
| Common stocks<sup>(a)</sup> | &nbsp;&nbsp; $181697621 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $—  |
| Short-term investments | &nbsp;&nbsp; 7686926 | &nbsp;&nbsp; — | &nbsp;&nbsp; —  |
| **Total investment portfolio** | &nbsp;&nbsp; $189384547 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $—  |
| **Real Income Fund**<br>|  |  |  |
| U.S. Treasury securities | &nbsp;&nbsp; $— | &nbsp;&nbsp; $166971837 | &nbsp;&nbsp; $—  |
| Common stocks<sup>(a)</sup> | &nbsp;&nbsp; 36786711 | &nbsp;&nbsp; — | &nbsp;&nbsp; —  |
| Commercial mortgage-backed securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 17192637 | &nbsp;&nbsp; —  |
| Exchange traded funds | &nbsp;&nbsp; 13018493 | &nbsp;&nbsp; — | &nbsp;&nbsp; —  |
| Corporate bonds<sup>(a)</sup> | &nbsp;&nbsp; — | &nbsp;&nbsp; 8054939 | &nbsp;&nbsp; —  |
| Asset-backed securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 4659844 | &nbsp;&nbsp; —  |
| Agency mortgage-backed securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 4151169 | &nbsp;&nbsp; —  |
| U.S. government agency issues | &nbsp;&nbsp; — | &nbsp;&nbsp; 2997432 | &nbsp;&nbsp; —  |
| Short-term investments | &nbsp;&nbsp; 1755075 | &nbsp;&nbsp; 1980047 | &nbsp;&nbsp; —  |
| **Total investment portfolio** | &nbsp;&nbsp; $51560279 | &nbsp;&nbsp; $206007905 | &nbsp;&nbsp; $—  |
| **Short Duration High Yield Fund**<br>|  |  |  |
| Corporate bonds<sup>(a)</sup> | &nbsp;&nbsp; $— | &nbsp;&nbsp; $279851174 | &nbsp;&nbsp; $—  |
| **Total investment portfolio** | &nbsp;&nbsp; $— | &nbsp;&nbsp; $279851174 | &nbsp;&nbsp; $—  |
| **Core Bond Fund**<br>|  |  |  |
| Corporate bonds<sup>(a)</sup> | &nbsp;&nbsp; $— | &nbsp;&nbsp; $142941389 | &nbsp;&nbsp; $—  |
| Asset-backed securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 116832897 | &nbsp;&nbsp; —  |
| U.S. Treasury securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 104855517 | &nbsp;&nbsp; —  |
| Agency mortgage-backed securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 88098567 | &nbsp;&nbsp; —  |
| Commercial mortgage-backed securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 83512484 | &nbsp;&nbsp; —  |
| **Total investment portfolio** | &nbsp;&nbsp; $— | &nbsp;&nbsp; $536240854 | &nbsp;&nbsp; $—  |

---

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**NOTES TO FINANCIAL STATEMENTS** 

**December 31, 2025(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3**  |
| **Core Plus Bond Fund**<br>|  |  |  |
| U.S. Treasury securities | &nbsp;&nbsp; $— | &nbsp;&nbsp; $613517364 | &nbsp;&nbsp; $—  |
| Corporate bonds<sup>(a)</sup> | &nbsp;&nbsp; — | &nbsp;&nbsp; 478768821 | &nbsp;&nbsp; —  |
| Asset-backed securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 470336079 | &nbsp;&nbsp; —  |
| Agency mortgage-backed securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 363529801 | &nbsp;&nbsp; —  |
| Commercial mortgage-backed securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 303024105 | &nbsp;&nbsp; —  |
| Foreign government debt obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 34860455 | &nbsp;&nbsp; —  |
| Medium-term notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 17355989 | &nbsp;&nbsp; —  |
| Short-term investments | &nbsp;&nbsp; — | &nbsp;&nbsp; 40180376 | &nbsp;&nbsp; —  |
| **Total investment portfolio** | &nbsp;&nbsp; $— | &nbsp;&nbsp; $2321572990 | &nbsp;&nbsp; $—  |
| Forward contracts<sup>(b)</sup> | &nbsp;&nbsp; $— | &nbsp;&nbsp; $214061 | &nbsp;&nbsp; $—  |
| Credit default swaps - sell protection | &nbsp;&nbsp; $— | &nbsp;&nbsp; $3750548 | &nbsp;&nbsp; $—  |
| **Unconstrained Bond Fund**<br>|  |  |  |
| U.S. Treasury securities | &nbsp;&nbsp; $— | &nbsp;&nbsp; $677701705 | &nbsp;&nbsp; $—  |
| Commercial mortgage-backed securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 386557105 | &nbsp;&nbsp; —  |
| Agency mortgage-backed securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 321314710 | &nbsp;&nbsp; —  |
| Asset-backed securities | &nbsp;&nbsp; — | &nbsp;&nbsp; 271326864 | &nbsp;&nbsp; —  |
| Corporate bonds<sup>(a)</sup> | &nbsp;&nbsp; — | &nbsp;&nbsp; 247881151 | &nbsp;&nbsp; —  |
| Foreign government debt obligations | &nbsp;&nbsp; — | &nbsp;&nbsp; 127051606 | &nbsp;&nbsp; —  |
| Medium-term notes | &nbsp;&nbsp; — | &nbsp;&nbsp; 33751087 | &nbsp;&nbsp; —  |
| **Total investment portfolio** | &nbsp;&nbsp; $— | &nbsp;&nbsp; $2065584228 | &nbsp;&nbsp; $—  |
| Futures contracts<sup>(b)</sup> | &nbsp;&nbsp; $(3315457) | &nbsp;&nbsp; $— | &nbsp;&nbsp; $—  |
| Forward contracts<sup>(b)</sup> | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(3883403) | &nbsp;&nbsp; $—  |
| Inflation and Interest rate swaps<sup>(b)</sup> | &nbsp;&nbsp; $— | &nbsp;&nbsp; $8335751 | &nbsp;&nbsp; $—  |
| Credit default swaps - buy protection | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(1582751) | &nbsp;&nbsp; $—  |
| Credit default swaps - sell protection | &nbsp;&nbsp; $— | &nbsp;&nbsp; $11380583 | &nbsp;&nbsp; $— |

---

<sup>(a)</sup> Please see the investment portfolio for details.

<sup>(b)</sup> Amounts presented for Futures Contracts, Inflation and Interest rate swaps, and Forward Contracts represent total unrealized appreciation (depreciation) as of the date of this report. 

At December 31, 2025, the funds did not hold any Level 3 investments.

**Derivatives. The following disclosure provides certain information about the funds' derivative and hedging activities. The use of derivatives involves the risk that the fund could lose more than the amount invested in derivatives.** 

&nbsp;&nbsp;&nbsp;&nbsp;• **Forward currency contracts.** Each of the funds' policies, except Capital Appreciation, Eagle Small Cap Growth, Core Bond, and Mid Cap, permit
 the funds to enter into forward currency contracts ("forward contracts") for hedging (such as to hedge the impact of adverse
 changes in the relationships between the US dollar and various foreign currencies), including transaction hedging, anticipatory hedging,
 cross hedging, proxy hedging, and position hedging, or for any other lawful purpose consistent with their investment objectives including
 taking active currency exposure. Forward contracts are agreements between two parties to exchange different currencies at a specified
 rate at an agreed upon future date. Non-deliverable forward currency contracts ("NDF") are settled with the counterparty in
 US dollars without the delivery of foreign currency. The fair value of a forward contract fluctuates with changes in currency exchange
 rates. Outstanding forward contracts are valued daily at current forward rates and the resulting change in market value is recorded as
 unrealized appreciation or depreciation. When a forward contract is closed, the fund records a realized gain or loss equal to the difference
 between the

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value at the time the forward contract was opened and the value at the time it was closed. The risks to the funds of entering into forward contracts include the inability of counterparties to meet the terms of their contracts, future adverse movement in currency values and contract positions that are not exact offsets. Details of Forward Contracts, if any, at period end are included in the Investment Portfolios under the caption "Forward Contracts." Refer to Note 6 for additional information.

&nbsp;&nbsp;&nbsp;&nbsp;• **Futures contracts.** Each of the funds' policies, except Capital Appreciation, International Stock, Eagle Small Cap Growth, and Mid Cap, permit
 the funds to enter into futures contracts ("Futures"), including interest rate, bond, U.S. Treasury and fixed income index
 Futures, as a hedge against movements in the equity and bond markets in order to establish more definitively the effective return on securities
 held or intended to be acquired by the funds or for other purposes permissible under the Commodity Exchange Act, including as a means
 to gain or reduce exposure to a reference instrument without actually buying or selling it. When a fund enters into Futures, it must deliver
 to an account controlled by the futures commission merchant ("FCM") an amount referred to as "initial margin."
 Initial margin requirements are determined by the respective exchanges on which the Futures are traded and the FCM. Thereafter, a "variation
 margin" amount may be required to be paid by the fund or received by the fund in accordance with margin controls set for such accounts,
 depending upon changes in the marked-to-market value of the Futures. The account is marked-to-market daily and the unrealized gains or
 losses are recorded as variation margin and monitored by the Manager and custodian on a daily basis. When Futures are closed out, the
 fund recognizes a realized gain or loss. The risks of entering into Futures include the possibility that a change in the value of the
 contract may not correlate with the changes in the value of the underlying instrument. Details of futures contracts, if any, at period
 end are included in the Investment Portfolios under the caption "Futures Contracts." Refer to Note 6 for additional information.

&nbsp;&nbsp;&nbsp;&nbsp;• **Options.** Each
 of the funds' policies, except Capital Appreciation, International Stock, Eagle Small Cap Growth, and Mid Cap, permit the funds
 to use options for hedging, substitution or investment purposes, including options on securities, equity and debt indices, currencies,
 futures, and swap contracts (a/k/a "swaptions"). However, Growth & Income may only purchase and write call options on
 securities as discussed below. Certain risks and special characteristics of these strategies are discussed below. The purchase of call
 options can serve as a long hedge, and the purchase of put options can serve as a short hedge. Writing put or call options can enable
 a fund to enhance income or yield by reason of the premiums paid by the purchasers of such options. However, if the market price of the
 security underlying a put option declines to less than the exercise price of the option, minus the premium received, the fund would expect
 to suffer a loss. On written call options the maximum loss of capital can be unlimited. The maximum loss of capital on written put options
 is limited to the notional contract values of those positions. A fund effectively may terminate its right or obligation under an option
 by entering into a closing transaction. If a fund wished to terminate its obligation to purchase or sell the investment under a put or
 call option it has written, the fund may purchase a put or call option of the same series (i.e., an option identical in its terms to the
 option previously written); this is known as a closing purchase transaction. Conversely, in order to terminate its right to purchase or
 sell under a call or put option it has purchased, a fund may write a call or put option of the same series; this is known as a closing
 sale transaction. Closing transactions essentially permit the fund to realize profits or limit losses on its options positions prior to
 the exercise or expiration of the option. Whether a profit or loss is realized from a closing transaction depends on the price movement
 of the underlying security, index, currency or futures contract and the market value of the option. A fund may purchase and write call
 and put options on futures contracts that are traded on a U.S. exchange or board of trade. A fund may purchase put options on futures
 contracts in lieu of, and for the same purpose as, the sale of a futures contract. A fund also may purchase such put options in order
 to hedge a long position in the underlying futures contract. A fund may purchase call options on futures contracts in lieu of, and for
 the same purpose as, the actual purchase of the futures contracts. A fund also may purchase call options on futures contracts in anticipation

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of a market advance when it is not fully invested. While a fund's use of options on futures contracts for hedging may protect the fund against adverse movements in the general level of interest rates or securities prices, such transactions could also preclude the opportunity to benefit from favorable movement in the level of interest rates or securities prices. There can be no guarantee that a fund's forecasts about market value, interest rates and other applicable factors will be correct or that there will be a correlation between price movements in the hedging vehicle and in the securities being hedged. Details of options and options on futures contracts, if any, at period end are included in the Investment Portfolios under the caption "Schedule of Options." Refer to Note 6 for additional information.

&nbsp;&nbsp;&nbsp;&nbsp;• **Swap contracts.** The Mid Cap Value, Chartwell Small Cap Growth, Small Cap, Small Cap Value, Real Income, Short Duration High Yield, Core Bond, Core
 Plus Bond and Unconstrained Bond Funds' policies permit the funds to enter into swap agreements to enhance the funds' returns,
 increase liquidity and/or gain exposure to certain instruments, issuers, markets (i.e., the corporate bond market), or securities in a
 relatively efficient way. A fund expects to enter into these transactions primarily to preserve a return or spread on a particular investment
 or portion of its portfolio, to protect against currency fluctuations, as a duration management technique or to protect against any increase
 in the price of securities the fund anticipates purchasing at a later date. Interest paid to or by the funds is accrued daily and included
 in realized gain (loss) on swap agreements. When a fund enters into a centrally cleared swap, it must deliver to the central counterparty
 an amount referred to as "initial margin." During the term of the swap agreement, a "variation margin" amount
 may also be required to be paid by a fund or may be received by the fund in accordance with margin controls set for such accounts, depending
 upon changes in the marked-to-market value of the swap agreement. At the conclusion of the term of the swap agreement, if a fund has a
 loss of less than the margin amount, the excess margin is returned to the fund. If a fund has a gain, the full margin amount and the amount
 of the gain is paid to the fund. The contracts are marked-to-market daily using fair value estimates provided by an independent pricing
 service. Daily fluctuations in the value of swaps are recorded in variation margin on the Statements of Assets and Liabilities. Gains
 or losses are realized upon termination of the contracts.

Swaps sold by a fund may involve greater risks than if the fund had invested in the reference obligation directly. Swaps are subject to general market risk, liquidity risk, counterparty credit risk and credit risk of the issuer. Details of swap contracts, if any, at period end are included in the Investment Portfolios under the caption "Swap Contracts." Refer to Note 6 for additional information.

&nbsp;&nbsp;&nbsp;&nbsp;• **Credit default swap contracts.** The credit default swap agreement may have as a reference obligation one or more securities that are or are not
 currently held by a fund. The funds may enter into credit default swap agreements for investment purposes or to hedge against the risk
 of default of debt securities held in their portfolio. The buyer in a credit default swap agreement is obligated to pay the seller a periodic
 fee, typically expressed in basis points on the principal amount of the underlying obligation (the "notional value"), over
 the term of the agreement in return for a contingent payment upon the occurrence of a credit event with respect to the underlying reference
 obligation. A credit event is typically a default. If a fund is a buyer and no credit event occurs, the fund may lose its investment and
 recover nothing. If a fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement,
 the fund will either (i) receive from the seller of protection an amount equal to the notional value of the swap and deliver the referenced
 obligation, other deliverable obligations or underlying securities comprising the referenced index or (ii) receive a net settlement amount
 in the form of cash or securities equal to the notional value of the swap less the recovery value of the referenced obligation or underlying
 securities comprising the referenced index. As a seller, a fund accrues for and receives a fixed rate of income throughout the term of
 the agreement, which typically is between one month and five years, provided that no credit event occurs. As the seller, a fund would

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**December 31, 2025(Continued)** 

effectively add leverage to its portfolio because, in addition to its total net assets, the fund would be subject to investment exposure on the notional value of the swap. If a fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the fund will either (i) pay to the buyer of protection an amount equal to the notional value of the swap and take delivery of the referenced obligation, other deliverable obligations or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional value of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. If a credit event occurs, the maximum payout amount for a sale contract is limited to the notional value of the swap contract ("Maximum Payout Amount"). Recovery values are estimated by market makers considering either industry standard recovery rates or entity specific factors and considerations until a credit event occurs. If a credit event has occurred, the recovery value is determined by a facilitated auction whereby a minimum number of allowable broker bids, together with a specified valuation method, are used to calculate the settlement value. Credit default swap agreements on credit indices involve one party making a stream of payments to another party in exchange for the right to receive a specified return in the event of a write-down, principal shortfall, interest shortfall or default of all or part of the referenced entities comprising the credit index. A credit index is a basket of credit instruments or exposures designed to be representative of some part of the credit market as a whole. These indices are made up of reference credits that are judged by a poll of dealers to be the most liquid entities in the credit default swap market based on the sector of the index. Components of the indices may include, but are not limited to, investment grade securities, high yield securities, asset-backed securities, emerging markets, and/or various credit ratings within each sector. Credit indices are traded using credit default swaps with standardized terms including a fixed spread and standard maturity dates. An index credit default swap references all the names in the index, and if there is a default, the credit event is settled based on that name's weight in the index. The composition of the indices changes periodically, usually every six months, and for most indices, each name has an equal weight in the index. A fund may use credit default swaps on credit indices to hedge a portfolio of credit default swaps or bonds, which is less expensive than it would be to buy many credit default swaps to achieve a similar effect.

&nbsp;&nbsp;&nbsp;&nbsp;• **Interest rate swap contracts.** An interest rate swap is an agreement between two parties to exchange interest rate payment obligations and is used
 primarily to manage interest rate risk. Typically, one is based on an interest rate fixed to maturity while the other is based on an interest
 rate that changes in accordance with changes in a designated benchmark (for example, the Secured Overnight Financing Rate (SOFR), prime
 rate, commercial paper rate, or other benchmarks). Each party's payment obligation under an interest rate swap is determined by
 reference to a specified notional amount of money. Therefore, interest rate swaps generally do not involve the delivery of securities,
 other underlying instruments, or principal amounts; rather, they entail the exchange of cash payments based on the application of the
 designated interest rates to the notional amount. These agreements may be executed on a registered exchange (centrally cleared interest
 rate swaps). The funds may enter into interest rate swaps in which they either pay or receive a fixed interest rate and pay or receive
 a floating interest rate. Barring swap counterparty default, the risk of loss in an interest rate swap is limited to the net amount of
 interest payments that the fund is obligated to make or receive (as applicable), as well as any early termination payment payable by or
 to the fund upon early termination of the swap.

&nbsp;&nbsp;&nbsp;&nbsp;• **Inflation rate swap contracts.** An inflation swap is an agreement between two parties to transfer inflation risk, with one party paying the floating
 rate based on an inflation index (such as the Consumer Price Index (CPI)), and the other party paying a fixed rate, typically based on
 the notional principal amount of the underlying asset. Inflation swap contracts are used primarily to gain exposure to inflation (inflation
 risk). Inflation swaps may be used to

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**December 31, 2025(Continued)** 

protect the value of securities against an unexpected change in the rate of inflation measured by an inflation index since the value of these agreements is expected to increase if there are unexpected inflation increases. Similar to an interest rate swap, the funds may enter into inflation rate swaps in which they either pay or receive a fixed interest rate and pay or receive a floating interest rate based upon an inflation index, such as the CPI. Barring swap counterparty default, the risk of loss in an inflation rate swap is limited to the net amount of payments that the fund is obligated to make or receive (as applicable), as well as any early termination payment payable by or to the fund upon early termination of the swap.

&nbsp;&nbsp;&nbsp;&nbsp;• **Total return swap contracts.** Total return swaps are two-party contracts that generally obligate one party to pay a set rate (either fixed or based
 on an index) and the other party to make payments based on the return of a specified reference security, security index or index component
 during the period of the swap, and are used primarily to gain exposure to the underlying referenced instruments, obtain leverage or attain
 the returns from ownership without actually owning the underlying position. Total return swaps normally do not involve the delivery of
 securities or the underlying assets. If the counterparty to a total return swap defaults, a fund's risk of loss consists of the
 net amount of the payments the fund is contractually entitled to receive, if any.

During the period ended December 31, 2025, the average of month-end derivative positions (notional value in U.S. dollars for swap contracts, futures contracts, and forward contracts and market value in U.S. dollars for purchased and written options) were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Inflation** <br>**and** <br>**Interest** <br>**Rate** <br>**Swap** <br>**Contracts** | **Credit** <br>**Default** <br>**Swap** <br>**Contracts** | **Futures** <br>**Contracts –** <br>**Long** | **Futures** <br>**Contracts –** <br>**Short** | **Forward** <br>**Contracts –** <br>**USD** <br>**Received** | **Forward** <br>**Contracts –** <br>**USD** <br>**Delivered** | **Purchased** <br>**options** | **Written** <br>**Options**  |
|  Core Plus Bond Fund | $42775496 | $129545385 | $16525548 | $(17853567) | $120252708 | $85611131 | $60897 | $(82506)  |
|  Unconstrained Bond Fund | 403104276 | 332294615 | 1292659210 | (765755464) | 279679027 | 220310414 | 197736 | (375082) |

---

**Foreign Currency Transactions. The books and records of each fund are maintained in U.S. dollars. Foreign currency transactions are translated into U.S. dollars on the following basis: (i) market value of investment securities, other assets and other liabilities at the daily rates of exchange, and (ii) purchases and sales of investment securities, dividend and interest income and certain expenses at the rates of exchange prevailing on the respective dates of such transactions. The funds do not isolate that portion of gains and losses on investments which is due to changes in foreign exchange rates from that which is due to changes in market prices of the investments. Such fluctuations are included with the net realized and unrealized gains and losses from investment transactions. Net realized gain (loss) on foreign currency transactions and the net change in unrealized appreciation (depreciation) on translation of assets and liabilities denominated in foreign currencies include gains and losses between trade and settlement date on securities transactions, gains and losses arising from the purchase and sale of forward foreign currency exchange contracts and gains and losses between the ex and payment dates on dividends, interest and foreign withholding taxes.** 

**To-Be-Announced Securities. The Core Bond, Core Plus Bond and Unconstrained Bond Funds' policies permit the funds to enter into to-be-announced securities. A to-be-announced mortgage-backed security ("TBA") is a mortgage-backed security, such as a Ginnie Mae pass-through security, that is purchased or sold with specific pools of cash, or cash equivalents, set aside in an amount equal to the price of the Ginnie Mae pass-through security, to be announced on a future settlement date. At the time of purchase of a TBA, the seller does not specify the particular mortgage-backed securities to be delivered but rather agrees to accept any mortgage-backed security that meets specified terms. The fund and the seller would agree upon the issuer, interest rate and terms of the underlying mortgages, but the seller** 

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**December 31, 2025(Continued)** 

would not identify the specific underlying mortgages until shortly before it issues the mortgage-backed security. TBAs increase interest rate risks because the underlying mortgages may be less favorable than anticipated by a fund.

**Real Estate Investment Trusts ("REIT(s)"). There are certain additional risks involved in investing in REITs. These include, but are not limited to, economic conditions, changes in zoning laws, real estate values, property taxes and interest rates. Dividend income is recorded at the Manager's estimate of the income included in distributions from the REITs. Distributions received in excess of the estimated amount are recorded as a reduction of the cost of the investments. The actual amounts of income, return of capital and capital gains are only determined by each REIT after the funds' fiscal year- end and may differ from the estimated amounts.** 

**Repurchase Agreements. Each fund, except Capital Appreciation and International Stock, may enter into repurchase agreements whereby a fund, through its custodian, receives delivery of the underlying securities, the market value of which at the time of purchase is required to be in an amount of at least 100% of the resale price. Repurchase agreements involve the risk that the seller will fail to repurchase the security, as agreed. In that case, the fund will bear the risk of market value fluctuations until the security can be sold and may encounter delays and incur costs in liquidating the security. In the event of bankruptcy or insolvency of the seller, delays and costs may be incurred. During the period ended December 31, 2025, none of the funds held any repurchase agreements.** 

**Revenue Recognition. Investment security transactions are accounted for on a trade date basis. Dividend income is recorded on the ex-dividend date. Interest income is recorded on an accrual basis.** 

**Foreign Taxes. The funds may be subject to taxes imposed by countries in which they invest, with respect to their investments in issuers existing or operating in such countries. The funds may also be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may or may not be recoverable. The funds record such taxes and recoveries as applicable, when the related income or capital gains are earned and based upon the current interpretation of tax rules and regulations that exist in the markets in which a fund invests. Some countries require governmental approval for the repatriation of investment income, capital or the proceeds of sales earned by foreign investors.** 

**Expenses. Each fund is charged for certain expenses which are directly attributable to it and certain other expenses which are allocated proportionately among the Carillon Family of Funds based upon methods approved by the Board. Expenses that are directly attributable to a specific class of shares, such as distribution fees, shareholder servicing fees and administrative fees, are charged directly to that class of shares. Other expenses of each fund are allocated to each class of shares based upon its relative percentage of net assets.** 

**Class Allocations. Each class of shares has equal rights to earnings and assets except that each class may bear different expenses for administration, distribution and/or shareholder services. Income, expenses (other than expenses attributable to a specific class), and realized and unrealized gains or losses on investments are allocated to each class of shares based on its relative percentage of net assets.** 

**Distributions. Each fund, except the Growth & Income Fund, Real Income Fund, Short Duration High Yield Fund, Core Bond Fund, Core Plus Bond Fund and Unconstrained Bond Fund, distributes net investment income annually. Distributions of net investment income are made quarterly from the Growth & Income Fund and monthly from the Real Income Fund, Short Duration High Yield Fund, Core Bond Fund, Core Plus Bond Fund and Unconstrained Bond Fund. Net realized gains from investment transactions during any particular fiscal year in excess of available capital loss carryforwards, which, if not distributed, would be taxable to each applicable fund, will be distributed to shareholders annually in the following fiscal year. If a fund is involved in a reorganization wherein it acquires the net assets of another fund, or has its net assets acquired by another fund, a separate and additional distribution of net investment income and/or net realized gains may be made prior to such reorganization. Each fund uses the identified cost method for determining realized gain or loss on investments for both financial and federal income tax reporting purposes.** 

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**December 31, 2025(Continued)** 

Distributions made to shareholders from earnings were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Distributions from earnings** |  | **Class A** | **Class C** | **Class I** | **Class R-3** | **Class R-5** | **Class R-6** | **Class Y**  |
| **Mid Cap Value Fund** | 1/1/25 to 12/31/25 | $1493 | $1453 | $2454611 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | $1389 | N/A  |
|  | 1/1/24 to 12/31/24 | 1218 | 1199 | 2823805 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | 1291 | N/A  |
|  **Chartwell Small Cap Growth Fund** | 1/1/25 to 12/31/25 | 1116 | 1397 | 964087 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | 9557 | N/A  |
|  | 1/1/24 to 12/31/24 | 1952 | 653 | 1887293 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | 745 | N/A  |
| **Small Cap Value Fund** | 1/1/25 to 12/31/25 | 1938 | 1908 | 8556167 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | 4292 | N/A  |
|  | 1/1/24 to 12/31/24 | 3176 | 3212 | 25648337 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | 97473 | N/A  |
| **Capital Appreciation Fund** | 1/1/25 to 12/31/25 | 9955471 | 321358 | 12855810 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | 66048 | N/A  |
|  | 1/1/24 to 12/31/24 | 25425382 | 1034913 | 28898641 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | 25006 | $—  |
| **International Stock Fund** | 1/1/25 to 12/31/25 | 750063 | 38418 | 24630470 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | 732309 | N/A  |
|  | 1/1/24 to 12/31/24 | 742934 | 33287 | 18200773 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | 376078 | —  |
| **Growth & Income Fund** | 1/1/25 to 12/31/25 | 32576093 | 4133791 | 46493493 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | 2524883 | N/A  |
|  | 1/1/24 to 12/31/24 | 30824034 | 4480393 | 48650505 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | 1399152 | —  |
| **Mid Cap Growth Fund** | 1/1/25 to 12/31/25 | 64615319 | 3586462 | 183022323 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | 397451293 | N/A  |
|  | 1/1/24 to 12/31/24 | 67578964 | 6435803 | 240940660 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | 408882885 | —  |
|  **Eagle Small Cap Growth Fund** | 1/1/25 to 12/31/25 | 9779947 | 445651 | 13211412 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | 9245840 | N/A  |
|  | 1/1/24 to 12/31/24 | 25578026 | 1467276 | 35740910 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | 24140579 | —  |
| **Mid Cap Fund** | 1/1/25 to 12/31/25 | 3184276 | 1593297 | 255295162 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | 43872055 | N/A  |
|  | 1/1/24 to 12/31/24 | 4735531 | 2514774 | 361957540 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | 57422089 | —  |
| **Small Cap Fund** | 1/1/25 to 12/31/25 | 5575106 | 330138 | 68604890 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | 1458762 | N/A  |
|  | 1/1/24 to 12/31/24 | 1456250 | 108091 | 23615145 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | 289007 | —  |
| **Real Income Fund** | 1/1/25 to 12/31/25 | 5544 | 351 | 10402073 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | 7263 | N/A  |
|  | 1/1/24 to 12/31/24 | 545 | 237 | 10844171 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | 318 | N/A  |
|  **Short Duration High Yield Fund** | 1/1/25 to 12/31/25 | 549 | 7458 | 12478458 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | 2108035 | N/A  |
|  | 1/1/24 to 12/31/24 | 364 | 319 | 12956716 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | 397 | N/A  |
| **Core Bond Fund** | 1/1/25 to 12/31/25 | 714156 | 65072 | 18876354 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | 1582371 | N/A  |
|  | 1/1/24 to 12/31/24 | 1454060 | 90083 | 18343328 | &nbsp;&nbsp; 2235 | &nbsp;&nbsp; 3483 | 703303 | 300272  |
| **Core Plus Bond Fund** | 1/1/25 to 12/31/25 | 822750 | 127548 | 67009071 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | 15859097 | N/A  |
|  | 1/1/24 to 12/31/24 | 976915 | 159382 | 67040287 | &nbsp;&nbsp; 1392 | &nbsp;&nbsp; 446 | 8431739 | 217737  |
| **Unconstrained Bond Fund** | 1/1/25 to 12/31/25 | 2791709 | 170589 | 104002926 | &nbsp;&nbsp; N/A | &nbsp;&nbsp; N/A | 19071191 | N/A  |
|  | 1/1/24 to 12/31/24 | 1560842 | 71623 | 62697608 | &nbsp;&nbsp; 100 | &nbsp;&nbsp; 9023 | 10399707 | 337544 |

---

**Other. In the normal course of business the funds enter into contracts that contain a variety of representations and warranties which provide general indemnifications. The funds' maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the funds and/or their affiliates that have not yet occurred. However, based on experience, the risk of loss to each fund is expected to be remote.** 

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**December 31, 2025(Continued)** 

**NOTE 3 – PURCHASES AND SALES OF SECURITIES** 

During the year ended December 31, 2025, purchases and sales of investment securities (excluding short-term obligations) were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Mid Cap** <br>**Value Fund** | **Chartwell Small** <br>**Cap Growth Fund** | **Small Cap** <br>**Value Fund** | **Capital** <br>**Appreciation Fund** | **International** <br>**Stock Fund**  |
| Purchases | $9816144 | &nbsp;&nbsp;&nbsp; $109420128 | $32798693 | &nbsp;&nbsp;&nbsp;&nbsp; $85294057 | $260924160  |
| Sales | 14444054 | &nbsp;&nbsp;&nbsp; 49850738 | 62005869 | &nbsp;&nbsp;&nbsp;&nbsp; 96272478 | 102716810 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Growth &** <br>**Income Fund** | **Mid Cap** <br>**Growth Fund** | **Eagle Small Cap** <br>**Growth Fund** | **Mid Cap** <br>**Fund** | **Small Cap** <br>**Fund**  |
| Purchases | $242367716 | $2393045250 | &nbsp;&nbsp; $171369086 | $1749569449 | $331116239  |
| Sales | 353017531 | 3670884080 | &nbsp;&nbsp; 265440637 | 2043360220 | 428579450 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Real** <br>**Income Fund** | **Short Duration** <br>**High Yield Fund** | **Core Bond** <br>**Fund** | **Core Plus** <br>**Bond Fund** | **Unconstrained** <br>**Bond Fund**  |
| Purchases | $63626019 | &nbsp;&nbsp; $113207473 | $2063720452 | $8068767519 | $5437752632  |
| Purchases - U.S. Treasury securities | 55555613 | &nbsp;&nbsp; — | 319587136 | 1335229242 | 2522326983  |
| Sales | 81274541 | &nbsp;&nbsp; 94616441 | 2111422033 | 8064828133 | 5584906354  |
| Sales - U.S. Treasury securities | 56883627 | &nbsp;&nbsp; — | 303326468 | 1137962088 | 2188902897 |

---

**NOTE 4 – INVESTMENT ADVISORY FEES AND OTHER TRANSACTIONS WITH AFFILIATES** 

Each fund has agreed to pay to the Manager an investment advisory and an administrative fee equal to an annualized rate based on a percentage of each fund's average daily net assets, computed daily and payable monthly. For advisory services provided by the Manager, the investment advisory rate for each fund is as follows:

---

| | | |
|:---|:---|:---|
| **Investment Advisory Fee Rate Schedule** | **Breakpoint** | **Investment** <br>**Advisory Fee**  |
| Mid Cap Value Fund  | All Assets | &nbsp;&nbsp;&nbsp;&nbsp; 0.65%  |
| Small Cap Value Fund  | All Assets | &nbsp;&nbsp;&nbsp;&nbsp; 0.80%  |
| Capital Appreciation Fund\*  | First $1 billion | &nbsp;&nbsp;&nbsp;&nbsp; 0.50%  |
|  | Over $1 billion | &nbsp;&nbsp;&nbsp;&nbsp; 0.45%  |
| Growth & Income Fund  | First $100 million | &nbsp;&nbsp;&nbsp;&nbsp; 0.60%  |
|  | $100 million to $500 million | &nbsp;&nbsp;&nbsp;&nbsp; 0.45%  |
|  | Over $500 million | &nbsp;&nbsp;&nbsp;&nbsp; 0.40%  |
| Chartwell Small Cap Growth Fund\*, Mid Cap Growth Fund,<br>| First $500 million | &nbsp;&nbsp;&nbsp;&nbsp; 0.60%  |
| Eagle Small Cap Growth Fund, Small Cap Fund  | $500 million to $1 billion | &nbsp;&nbsp;&nbsp;&nbsp; 0.55%  |
|  | Over $1 billion | &nbsp;&nbsp;&nbsp;&nbsp; 0.50%  |
| International Stock Fund  | First $1 billion | &nbsp;&nbsp;&nbsp;&nbsp; 0.70%  |
|  | Over $1 billion | &nbsp;&nbsp;&nbsp;&nbsp; 0.60%  |
| Mid Cap Fund  | First $1 billion | &nbsp;&nbsp;&nbsp;&nbsp; 0.80%  |
|  | Over $1 billion | &nbsp;&nbsp;&nbsp;&nbsp; 0.70%  |
| Real Income Fund\*  | First $1.75 billion | &nbsp;&nbsp;&nbsp;&nbsp; 0.30%  |
|  | $1.75 billion to $3.5 billon | &nbsp;&nbsp;&nbsp;&nbsp; 0.28%  |
|  | Over $3.5 billon | &nbsp;&nbsp;&nbsp;&nbsp; 0.26% |
| Short Duration High Yield Fund  | All Assets | &nbsp;&nbsp;&nbsp;&nbsp; 0.30%  |
| Core Bond Fund  | All Assets | &nbsp;&nbsp;&nbsp;&nbsp; 0.35%  |
| Core Plus Bond Fund  | All Assets | &nbsp;&nbsp;&nbsp;&nbsp; 0.40%  |
| Unconstrained Bond Fund  | First $3 billion | &nbsp;&nbsp;&nbsp;&nbsp; 0.50%  |
|  | Over $3 billion | &nbsp;&nbsp;&nbsp;&nbsp; 0.45% |

---

\* Prior to the Board approved changes effective on the date in the following table, the investment advisory rate was as follows:

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**December 31, 2025(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
| **Investment Advisory Fee Rate Schedule** | **Breakpoint** | **Investment** <br>**Advisory Fee** | **Effective** <br>**Date**  |
| Chartwell Small Cap Growth Fund  | All Assets | &nbsp;&nbsp;&nbsp;&nbsp; 0.75% | 1/18/2025  |
| Capital Appreciation Fund  | First $1 billion | &nbsp;&nbsp;&nbsp;&nbsp; 0.60% | 5/1/2025  |
|  | Over $1 billion | &nbsp;&nbsp;&nbsp;&nbsp; 0.55% |  |
| Real Income Fund  | First $1.75 billion | &nbsp;&nbsp;&nbsp;&nbsp; 0.40% | 5/1/2025  |
|  | $1.75 billion to $3.5 billon | &nbsp;&nbsp;&nbsp;&nbsp; 0.38% |  |
|  | Over $3.5 billon | &nbsp;&nbsp;&nbsp;&nbsp; 0.36% |  |

---

**Subadvisory Fees. The Manager has entered into subadvisory agreements with certain parties (the "subadviser" or "subadvisers") to provide investment advice, portfolio management services (including the placement of brokerage orders), certain compliance and other services to the funds. Under these agreements, Carillon Tower pays the subadvisers, each an affiliate of Carillon Tower, annualized rates identical to those disclosed in the investment advisory fee rate schedule. Carillon Tower may receive payments from the subadvisers for certain marketing and related expenses. The subadvisers for the funds are as follows:** 

&nbsp;&nbsp;&nbsp;&nbsp;• **ClariVest Asset Management LLC** ("ClariVest") serves as subadviser for the Capital Appreciation Fund and International Stock Fund,

&nbsp;&nbsp;&nbsp;&nbsp;• **Eagle Asset Management, Inc.** ("Eagle") serves as subadviser for the Growth & Income Fund, Mid Cap Growth Fund, and Eagle Small Cap Growth
 Fund,

&nbsp;&nbsp;&nbsp;&nbsp;• **Scout Investments, Inc.** ("Scout") serves as subadviser for the Mid Cap Fund, Core Bond Fund, Core Plus Bond Fund, and Unconstrained Bond
 Fund, and

&nbsp;&nbsp;&nbsp;&nbsp;• **Chartwell Investment Partners, LLC** ("Chartwell") serves as the subadviser to the Mid Cap Value Fund, Chartwell Small Cap Growth Fund, Small
 Cap Value Fund, Small Cap Fund, Real Income Fund and Short Duration High Yield Fund

**Administrative Fees. For administrative services provided by the Manager, each fund has agreed to pay an administrative rate of 0.10% of the average daily net assets of all share classes.** 

**Distribution and Service Fees. Pursuant to the Class A and Class C Distribution plans and in accordance with Rule 12b-1 of the Investment Company Act of 1940, as amended ("Rule 12b-1 Plans"), the funds are authorized to pay Carillon Fund Distributors, Inc. ("Distributor"), an affiliate of the Manager, a fee based on the average daily net assets for each class of shares, accrued daily and payable monthly. Each fund of the Carillon Series Trust, except the Capital Appreciation Fund and the Growth & Income Fund, is authorized to pay the Distributor distribution and service fees of up to 0.35% of that fund's average daily net assets attributable to Class A shares of that fund. The Capital Appreciation Fund and the Growth & Income Fund are authorized to pay the Distributor distribution and service fees of up to 0.50% of those funds' average daily net assets attributable to Class A shares of those funds. Currently, the distribution and service fee is 0.25% for Class A shares of each fund. Each fund also is authorized, and currently pays, the Distributor distribution and service fees of 1.00% for Class C shares. The funds do not incur any distribution expenses related to Class I or Class R-6 shares. However, Carillon Tower or any third party may make payments for the sale and distribution of all share classes, including Class I and Class R-6 shares, from its own resources.** 

105<br>

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**NOTES TO FINANCIAL STATEMENTS** 

**December 31, 2025(Continued)** 

**Sales Charges. During the year ended December 31, 2025, total front-end sales charges and contingent deferred sales charges ("CDSC") paid to the Distributor were as follows:** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Mid Cap** <br>**Value Fund** | **Chartwell Small** <br>**Cap Growth Fund** | **Small Cap** <br>**Value Fund** | **Capital** <br>**Appreciation** <br>**Fund** | **International** <br>**Stock Fund**  |
| Front-end sales charges - Class A | &nbsp;&nbsp;&nbsp;&nbsp; $85 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $149 | $— | &nbsp;&nbsp; $55150 | &nbsp;&nbsp; $26016  |
| CDSC - Class A | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp; 3 | &nbsp;&nbsp; 2  |
| CDSC - Class C | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp; 159 | &nbsp;&nbsp; 68 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Growth &** <br>**Income Fund** | **Mid Cap** <br>**Growth Fund** | **Eagle Small Cap** <br>**Growth Fund** | **Mid Cap** <br>**Fund** | **Small Cap** <br>**Fund**  |
| Front-end sales charges - Class A | &nbsp;&nbsp; $40770 | &nbsp;&nbsp; $43386 | &nbsp;&nbsp;&nbsp;&nbsp; $11966 | $12903 | $2833  |
| CDSC - Class A | &nbsp;&nbsp; 3 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |  | —  |
| CDSC - Class C | &nbsp;&nbsp; 1369 | &nbsp;&nbsp; 67 | &nbsp;&nbsp;&nbsp;&nbsp; 11 | 17 | 14 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Real** <br>**Income Fund** | **Short Duration** <br>**High Yield Fund** | **Core Bond** <br>**Fund** | **Core Plus** <br>**Bond Fund** | **Unconstrained** <br>**Bond Fund**  |
| Front-end sales charges - Class A | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp; $1151 | $17219 | &nbsp;&nbsp;&nbsp; $13139  |
| CDSC - Class A | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 3 | 5 | &nbsp;&nbsp;&nbsp; —  |
| CDSC - Class C | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | 294 | &nbsp;&nbsp;&nbsp; 617 |

---

The Distributor paid commissions to salespersons from these fees and incurred other distribution costs.

**Agency Commissions. During the year ended December 31, 2025, total agency brokerage commissions paid and agency brokerage commissions paid directly to Raymond James & Associates, Inc. ("RJA"), an affiliate of the Manager, were as follows:** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Mid Cap** <br>**Value Fund** | **Chartwell Small** <br>**Cap Growth Fund** | **Small Cap** <br>**Value Fund** | **Capital** <br>**Appreciation** <br>**Fund** | **International** <br>**Stock Fund**  |
| &nbsp;&nbsp;&nbsp; Total agency brokerage <br>commissions | $15300 | &nbsp;&nbsp;&nbsp;&nbsp; $128218 | $111105 | &nbsp;&nbsp; $22684 | $214862  |
| Paid to RJA | 822 | &nbsp;&nbsp;&nbsp;&nbsp; — | 2068 | &nbsp;&nbsp; — |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Growth &** <br>**Income Fund** | **Mid Cap** <br>**Growth Fund** | **Eagle Small Cap** <br>**Growth Fund** | **Mid Cap** <br>**Fund** | **Small Cap** <br>**Fund**  |
| &nbsp;&nbsp;&nbsp; Total agency brokerage <br>commissions | $135158 | $1144929 | &nbsp;&nbsp;&nbsp; $216221 | $1279490 | $601503  |
| Paid to RJA | 3545 | 83022 | &nbsp;&nbsp;&nbsp; 15366 |  |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Real** <br>**Income Fund** | **Short Duration** <br>**High Yield Fund** | **Core Bond** <br>**Fund** | **Core Plus** <br>**Bond Fund** | **Unconstrained** <br>**Bond Fund**  |
| &nbsp;&nbsp;&nbsp; Total agency brokerage <br>commissions | $232984 | &nbsp;&nbsp;&nbsp;&nbsp; $— | $— | $36120 | &nbsp;&nbsp; $425521  |
| Paid to RJA | 42320 | &nbsp;&nbsp;&nbsp;&nbsp; — |  |  | &nbsp;&nbsp; — |

---

**Internal Audit Fees. RJA provides internal audit services to the funds. RJA receives no compensation from the funds for these services.** 

**Expense Limitations. Carillon Tower has contractually agreed to reduce its fees and/or reimburse expenses to each class of the funds through April 30, 2026 to the extent that the annual operating expense ratio for each class of shares exceeds the following annualized ratios as a percentage of the average daily net assets of each class of shares.** 

106<br>

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**NOTES TO FINANCIAL STATEMENTS** 

**December 31, 2025(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Expense Limitations Rate Schedule** | **Class A** | **Class C** | **Class I** | **Class R-6**  |
| Mid Cap Value Fund  | &nbsp;&nbsp; 1.20% | &nbsp;&nbsp; 1.95% | 0.90% | &nbsp;&nbsp;&nbsp; 0.80%  |
| Chartwell Small Cap Growth Fund\*  | &nbsp;&nbsp; 1.25% | &nbsp;&nbsp; 2.00% | 0.95% | &nbsp;&nbsp;&nbsp; 0.85%  |
| Small Cap Value Fund  | &nbsp;&nbsp; 1.35% | &nbsp;&nbsp; 2.10% | 1.05% | &nbsp;&nbsp;&nbsp; 0.95%  |
| Capital Appreciation Fund\*  | &nbsp;&nbsp; 1.05% | &nbsp;&nbsp; 1.80% | 0.75% | &nbsp;&nbsp;&nbsp; 0.65%  |
| International Stock Fund  | &nbsp;&nbsp; 1.25% | &nbsp;&nbsp; 2.00% | 0.95% | &nbsp;&nbsp;&nbsp; 0.85%  |
| Growth & Income Fund  | &nbsp;&nbsp; 1.25% | &nbsp;&nbsp; 2.00% | 0.95% | &nbsp;&nbsp;&nbsp; 0.85%  |
| Mid Cap Growth Fund  | &nbsp;&nbsp; 1.20% | &nbsp;&nbsp; 1.95% | 0.90% | &nbsp;&nbsp;&nbsp; 0.80%  |
| Eagle Small Cap Growth Fund  | &nbsp;&nbsp; 1.25% | &nbsp;&nbsp; 2.00% | 0.95% | &nbsp;&nbsp;&nbsp; 0.85%  |
| Mid Cap Fund  | &nbsp;&nbsp; 1.25% | &nbsp;&nbsp; 2.00% | 0.95% | &nbsp;&nbsp;&nbsp; 0.85%  |
| Small Cap Fund  | &nbsp;&nbsp; 1.25% | &nbsp;&nbsp; 2.00% | 0.95% | &nbsp;&nbsp;&nbsp; 0.85%  |
| Real Income Fund\*  | &nbsp;&nbsp; 0.85% | &nbsp;&nbsp; 1.60% | 0.55% | &nbsp;&nbsp;&nbsp; 0.45%  |
| Short Duration High Yield Fund  | &nbsp;&nbsp; 0.79% | &nbsp;&nbsp; 1.54% | 0.49% | &nbsp;&nbsp;&nbsp; 0.39%  |
| Core Bond Fund  | &nbsp;&nbsp; 0.75% | &nbsp;&nbsp; 1.50% | 0.45% | &nbsp;&nbsp;&nbsp; 0.35%  |
| Core Plus Bond Fund  | &nbsp;&nbsp; 0.80% | &nbsp;&nbsp; 1.55% | 0.50% | &nbsp;&nbsp;&nbsp; 0.40%  |
| Unconstrained Bond Fund  | &nbsp;&nbsp; 0.90% | &nbsp;&nbsp; 1.65% | 0.60% | &nbsp;&nbsp;&nbsp; 0.50% |

---

\* Prior to the Board approved changes effective on the date in the below table, the expense limitation rate schedule for the below funds was as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Expense Limitations Rate Schedule** | **Class A** | **Class C** | **Class I** | **Class R-6** | **Effective** <br>**Date**  |
| Chartwell Small Cap Growth Fund  | &nbsp;&nbsp; 1.35% | &nbsp;&nbsp; 2.10% | 1.05% | &nbsp;&nbsp;&nbsp; 0.95% | 1/18/2025  |
| Capital Appreciation Fund  | &nbsp;&nbsp; 1.00% | &nbsp;&nbsp; 1.75% | 0.70% | &nbsp;&nbsp;&nbsp; 0.60% | 5/1/2025  |
| Real Income Fund  | &nbsp;&nbsp; 0.94% | &nbsp;&nbsp; 1.69% | 0.64% | &nbsp;&nbsp;&nbsp; 0.54% | 5/1/2025 |

---

Fees and expenses waived and/or reimbursed based on the expense rate limitation schedule were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Expenses waived and/or reimbursed 1/1/25 to 12/31/25** | **Class A** | **Class C** | **Class I** | **Class R-6**  |
| Mid Cap Value Fund | $32 | $33 | $92284 | $48  |
| Chartwell Small Cap Growth Fund | 364 | 442 | 660615 | 779  |
| Small Cap Value Fund |  |  | 101307 | 273  |
| Capital Appreciation Fund | 50787 | 714 | 116179 | 201  |
| International Stock Fund |  |  | 206810 | 7709  |
| Growth & Income Fund |  |  |  | —  |
| Mid Cap Growth Fund |  |  |  | —  |
| Eagle Small Cap Growth Fund |  |  |  | —  |
| Mid Cap Fund | 322 |  | 842844 | 124428  |
| Small Cap Fund |  |  |  | —  |
| Real Income Fund | 26 |  | 69278 | 71  |
| Short Duration High Yield Fund |  |  | 141641 | 32362  |
| Core Bond Fund | 29422 | 2079 | 732421 | 60986  |
| Core Plus Bond Fund | 25372 | 3551 | 2262056 | 532584  |
| Unconstrained Bond Fund | 50653 | 2179 | 2324017 | 437544 |

---

A portion or all of a fund's fees and expenses waived and/or reimbursed by the Manager in prior fiscal years may be recoverable by Carillon Tower prior to their expiration date. Any previously waived and/or reimbursed fees and expenses are recoverable by Carillon Tower only from the same class of shares and within two years from the fund's fiscal year-end during which the fees and expenses were originally waived and/or reimbursed. Previously waived and/or reimbursed fees and expenses are recovered by Carillon Tower within the following two fiscal years when fees and expenses in the current fiscal year fall below the lesser of the current expense cap or the expense cap in effect at the time of the waiver and/or reimbursement. Carillon Tower receives payments from ClariVest, Scout, and Chartwell for

107<br>

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**NOTES TO FINANCIAL STATEMENTS** 

**December 31, 2025(Continued)** 

amounts waived and/or reimbursed under each contractual fee waiver and expense reimbursement agreement and provides to ClariVest, Scout, and Chartwell any recoupment that Carillon Tower receives from the funds. The following tables show the amounts that Carillon Tower may be allowed to recover by class of shares and the dates that these amounts will expire:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Class A** | **Class C** | **Class I** | **Class R-6**  |
| **Recoverable expenses - 12/31/2027**  | **Recoverable expenses - 12/31/2027**  | **Recoverable expenses - 12/31/2027**  | **Recoverable expenses - 12/31/2027**  | **Recoverable expenses - 12/31/2027**  |
| Mid Cap Value Fund | $32 | $33 | $92284 | $48  |
| Chartwell Small Cap Growth Fund | 364 | 442 | 660615 | 779  |
| Small Cap Value Fund |  |  | 101307 | 273  |
| Capital Appreciation Fund | 50787 | 714 | 116179 | 201  |
| International Stock Fund |  |  | 206810 | 7709  |
| Growth & Income Fund |  |  |  | —  |
| Mid Cap Growth Fund |  |  |  | —  |
| Eagle Small Cap Growth Fund |  |  |  | —  |
| Mid Cap Fund | 322 |  | 842844 | 124428  |
| Small Cap Fund |  |  |  | —  |
| Real Income Fund | 26 |  | 69278 | 71  |
| Short Duration High Yield Fund |  |  | 141641 | 32362  |
| Core Bond Fund | 29422 | 2079 | 732421 | 60986  |
| Core Plus Bond Fund | 25372 | 3551 | 2262056 | 532584  |
| Unconstrained Bond Fund | 50653 | 2179 | 2324017 | 437544  |
| **Recoverable expenses - 12/31/2026** | **Recoverable expenses - 12/31/2026** | **Recoverable expenses - 12/31/2026** | **Recoverable expenses - 12/31/2026** | **Recoverable expenses - 12/31/2026** |
| Mid Cap Value Fund | $27 | $28 | $110957 | $39  |
| Chartwell Small Cap Growth Fund | 206 | 90 | 254365 | 102  |
| Small Cap Value Fund | 4 | 4 | 170224 | 92  |
| Capital Appreciation Fund | 207993 | 6675 | 363974 | 299  |
| International Stock Fund |  |  | 189186 | 5178  |
| Growth & Income Fund |  |  |  | —  |
| Mid Cap Growth Fund |  |  |  | —  |
| Eagle Small Cap Growth Fund |  |  |  | —  |
| Mid Cap Fund | 2102 |  | 942892 | 112795  |
| Small Cap Fund |  |  |  | —  |
| Real Income Fund |  |  | 302033 | 10  |
| Short Duration High Yield Fund |  |  | 236654 | 7  |
| Core Bond Fund | 77580 | 3148 | 811551 | 28759  |
| Core Plus Bond Fund | 39381 | 4273 | 2355529 | 264571  |
| Unconstrained Bond Fund | 82358 | 2260 | 2496426 | 351604 |

---

The Manager recovered previously waived expenses during year ended December 31, 2025 as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Recovered fees previously waived** | **Class A** | **Class C** | **Class I** | **Class R-6**  |
| Mid Cap Value Fund | $— | $— | $— | $—  |
| Chartwell Small Cap Growth Fund |  |  |  | —  |
| Small Cap Value Fund | 1 | 1 |  | —  |
| Capital Appreciation Fund |  |  |  | —  |
| International Stock Fund | 791 |  |  | —  |
| Growth & Income Fund |  |  |  | —  |
| Mid Cap Growth Fund |  |  |  | —  |
| Eagle Small Cap Growth Fund |  |  |  | —  |

---

108<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**NOTES TO FINANCIAL STATEMENTS** 

**December 31, 2025(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Recovered fees previously waived** | **Class A** | **Class C** | **Class I** | **Class R-6**  |
| Mid Cap Fund | $— | $— | $— | $—  |
| Small Cap Fund |  |  |  | 454  |
| Real Income Fund |  |  |  | —  |
| Short Duration High Yield Fund |  |  |  | —  |
| Core Bond Fund |  |  |  | —  |
| Core Plus Bond Fund |  |  |  | —  |
| Unconstrained Bond Fund |  |  |  |  |

---

**Trustees and Officers Compensation. Each Trustee of the Carillon Family of Funds receives an annual retainer along with meeting fees for those Carillon Family of Funds' regular or special meetings attended in person and 25% of such meeting fees are received for telephonic meetings. All reasonable out-of-pocket expenses are also reimbursed. Except when directly attributable to a fund, Trustees' fees and expenses are allocated by net assets and paid by each fund in the Carillon Family of Funds.** 

Certain officers of the Carillon Family of Funds may also be officers and/or directors of Carillon Tower. Such officers receive no compensation from the funds.

**NOTE 5 – FEDERAL INCOME TAXES AND DISTRIBUTIONS** 

Each fund is treated as a single corporate taxpayer as provided for in the Tax Reform Act of 1986, as amended. Accordingly, no provision for federal income taxes is required since each of the funds intends to continue to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code and distribute to shareholders all of its taxable income and gains. The Manager has analyzed the funds' tax positions taken or expected to be taken on federal income tax returns for all open tax years (tax years ended October 31, 2022 to October 31, 2023, December 31, 2022 to December 31, 2025) and has concluded that no provision for federal income tax is required in the funds' financial statements.

Federal income tax regulations differ from GAAP; therefore, distributions determined in accordance with tax regulations may differ significantly in amount or character from net investment income and net realized gains for financial reporting purposes. These differences primarily relate to deferral of losses from wash sales and non-REIT return of capital.

For income tax purposes, distributions paid during the fiscal periods indicated were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | **Mid Cap** <br>**Value Fund**  | **Chartwell Small** <br>**Cap Growth Fund**  | **Small Cap** <br>**Value Fund**  | **Capital** <br>**Appreciation** <br>**Fund**  | **International** <br>**Stock Fund**  |
| Ordinary Income  | 1/1/25 to 12/31/25  | $197028  | &nbsp;&nbsp;&nbsp;&nbsp; $56526  | $1651761  | $262398  | $26094461  |
|  | 1/1/24 to 12/31/24  | 261643  | &nbsp;&nbsp;&nbsp;&nbsp; 702365  | 1714978  | 13883  | 14887946  |
| Long-term capital gain  | 1/1/25 to 12/31/25  | 2261918  | &nbsp;&nbsp;&nbsp;&nbsp; 919631  | 6912544  | 22936289  | 56799  |
|  | 1/1/24 to 12/31/24  | 2565870  | &nbsp;&nbsp;&nbsp;&nbsp; 1188278  | 24037220  | 55370059  | 4465126 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | **Growth &** <br>**Income Fund**  | **Mid Cap** <br>**Growth Fund**  | **Eagle Small Cap** <br>**Growth Fund**  | **Mid Cap** <br>**Fund**  | **Small Cap** <br>**Fund**  |
| Ordinary Income  | 1/1/25 to 12/31/25  | $8223372  | $59917380  | &nbsp;&nbsp;&nbsp; $777909  | $73467345  | $—  |
|  | 1/1/24 to 12/31/24  | 11136584  | —  | &nbsp;&nbsp;&nbsp; 2650241  | 129619688  | —  |
| Long-term capital gain  | 1/1/25 to 12/31/25  | 77504888  | 588758017  | &nbsp;&nbsp;&nbsp; 31904941  | 230477445  | 75968896  |
|  | 1/1/24 to 12/31/24  | 74217500  | 723838312  | &nbsp;&nbsp;&nbsp; 84276550  | 297010246  | 25468493 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | **Real Income** <br>**Fund**  | **Short Duration** <br>**High Yield Fund**  | **Core Bond** <br>**Fund**  | **Core Plus** <br>**Bond Fund**  | **Unconstrained** <br>**Bond Fund**  |
| Ordinary Income  | 1/1/25 to 12/31/25  | $10415231  | &nbsp;&nbsp;&nbsp; $14594500  | $21237953  | $83818466  | $126036415  |
|  | 1/1/24 to 12/31/24  | 10845271  | &nbsp;&nbsp;&nbsp; 12957796  | 20896764  | 76827898  | 75076447  |
| Long-term capital gain  | 1/1/25 to 12/31/25  | —  | &nbsp;&nbsp;&nbsp; —  | —  | —  | —  |
|  | 1/1/24 to 12/31/24  | —  | &nbsp;&nbsp;&nbsp; —  | —  | —  |  |

---

109<br>

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**[**TABLE OF CONTENTS**](#TOC)**

**NOTES TO FINANCIAL STATEMENTS** 

**December 31, 2025(Continued)** 

Financial reporting records are adjusted for permanent book/tax differences to reflect tax character; these adjustments have no effect on net assets or NAV per share. Financial reporting records are not adjusted for temporary differences. The reclassifications arise from permanent book/tax differences primarily attributable to net operating losses, equalization, non-deductible expenses, foreign currency transactions, return of capital distributions from REITs, return of capital distributions from non-REITs, paydowns on debt securities, sales adjustments due to passive foreign investment companies, and investments in swaps. The reclassifications were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Mid Cap** <br>**Value Fund**  | **Chartwell Small** <br>**Cap Growth Fund**  | **Small Cap** <br>**Value Fund**  | **Capital** <br>**Appreciation** <br>**Fund**  | **International** <br>**Stock Fund**  |
| Paid-in capital  | $249883  | &nbsp;&nbsp;&nbsp;&nbsp; $(71980)  | $2064636  | $673272  | $1266047  |
| Total distributable earnings (loss)  | (249883)  | &nbsp;&nbsp;&nbsp;&nbsp; 71980  | (2064636)  | (673272)  | (1266047) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Growth &** <br>**Income Fund**  | **Mid Cap** <br>**Growth Fund**  | **Eagle Small Cap** <br>**Growth Fund**  | **Mid Cap** <br>**Fund**  | **Small Cap** <br>**Fund**  |
| Paid-in capital  | $11654130  | $113363814  | $2045121  | $31720358  | $17521573  |
|  Total distributable earnings (loss)  | (11654130)  | (113363814)  | (2045121)  | (31720358)  | (17521573) |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Real Income** <br>**Fund**  | **Short Duration** <br>**High Yield Fund**  | **Core Bond** <br>**Fund**  | **Core Plus** <br>**Bond Fund**  | **Unconstrained** <br>**Bond Fund**  |
| Paid-in capital  | &nbsp;&nbsp; $—  | &nbsp;&nbsp;&nbsp;&nbsp; $(3318)  | $(17720)  | $—  | $2453853  |
| Total distributable earnings (loss)  | &nbsp;&nbsp; —  | &nbsp;&nbsp;&nbsp;&nbsp; 3318  | 17720  | —  | (2453853) |

---

At December 31, 2025, capital loss carryforwards and late year loss deferrals are as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Mid Cap** <br>**Value Fund** | **Chartwell Small** <br>**Cap Growth Fund** | **Small Cap** <br>**Value Fund** | **Capital** <br>**Appreciation** <br>**Fund** | **International** <br>**Stock Fund**  |
|  Capital loss carryforwards utilized 1/1/25 to 12/31/25 | $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | $— | $— | $—  |
|  Capital loss carryforwards available indefinitely at 12/31/25 |  | &nbsp;&nbsp;&nbsp;&nbsp; — |  |  |  |
|  Late year loss deferrals available at 12/31/25 |  | &nbsp;&nbsp;&nbsp;&nbsp; — |  |  | 4790930  |
|  Post-October capital losses at 12/31/25 |  | &nbsp;&nbsp;&nbsp;&nbsp; — |  | 539375 |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Growth &** <br>**Income Fund** | **Mid Cap** <br>**Growth Fund** | **Eagle Small Cap** <br>**Growth Fund** | **Mid Cap** <br>**Fund** | **Small Cap** <br>**Fund**  |
|  Capital loss carryforwards utilized 1/1/25 to 12/31/25 | $— | $— | &nbsp;&nbsp;&nbsp; $— | $— | $—  |
|  Capital loss carryforwards available indefinitely at 12/31/25 |  |  | &nbsp;&nbsp;&nbsp; — |  |  |
|  Late year loss deferrals available at 12/31/25 |  |  | &nbsp;&nbsp;&nbsp; — |  |  |
|  Post-October capital losses at 12/31/25 |  |  | &nbsp;&nbsp;&nbsp; — | 14376349 |  |

---

110<br>

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**NOTES TO FINANCIAL STATEMENTS** 

**December 31, 2025(Continued)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Real Income** <br>**Fund** | **Short Duration** <br>**High Yield Fund** | **Core Bond** <br>**Fund** | **Core Plus** <br>**Bond Fund** | **Unconstrained** <br>**Bond Fund**  |
|  Capital loss carryforwards utilized 1/1/25 to 12/31/25 | $— | &nbsp;&nbsp; $376366  | $2601311 | $23360197 | $28487738  |
|  Capital loss carryforwards available indefinitely at 12/31/25 | 11199942 | &nbsp;&nbsp; 2917954  | 69243195  | 143904681  |  |
|  Late year loss deferrals available at 12/31/25 |  | &nbsp;&nbsp; — |  | 1300311  | 2184624  |
|  Post-October capital losses at 12/31/25 |  | &nbsp;&nbsp; — |  |  |  |

---

At December 31, 2025, the components of distributable earnings (losses) on a tax basis are as

follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Mid Cap** <br>**Value Fund**  | **Chartwell Small** <br>**Cap Growth Fund**  | **Small Cap** <br>**Value Fund**  | **Capital** <br>**Appreciation** <br>**Fund**  | **International** <br>**Stock Fund**  |
| Cost of investments  | $16893241  | &nbsp;&nbsp;&nbsp; $85035105  | $37780720  | $179460575  | $596346665  |
| Gross unrealized appreciation  | 4468485  | &nbsp;&nbsp;&nbsp; 27067662  | 9930400  | 406796426  | 299831480  |
| Gross unrealized depreciation  | (771047)  | &nbsp;&nbsp;&nbsp; (3801978)  | (3376741)  | (3269008)  | (18819402)  |
| &nbsp;&nbsp;&nbsp; Net unrealized <br>appreciation/(depreciation)  | 3697438  | &nbsp;&nbsp;&nbsp; 23265684  | 6553659  | 403527418  | 281012078  |
| Undistributed ordinary income  | 276596  | &nbsp;&nbsp;&nbsp; —  | —  | —  | —  |
| Undistributed long-term gain  | 572215  | &nbsp;&nbsp;&nbsp; —  | —  | 3294433  | 972785  |
| Total undistributed earnings  | 848811  | &nbsp;&nbsp;&nbsp; —  | —  | 3294433  | 972785  |
| Other accumulated gains <br>&nbsp;&nbsp;&nbsp;&nbsp;(losses)  | —  | &nbsp;&nbsp;&nbsp; —  | —  | (539375)  | (4790930)  |
| Total distributable earnings <br>&nbsp;&nbsp;&nbsp;&nbsp;(loss)  | $4546249  | &nbsp;&nbsp;&nbsp; $23265684  | $6553659  | $406282476  | $277193933 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Growth &** <br>**Income Fund**  | **Mid Cap** <br>**Growth Fund**  | **Eagle Small Cap** <br>**Growth Fund**  | **Mid Cap** <br>**Fund**  | **Small Cap** <br>**Fund**  |
| Cost of investments  | $310045040  | $3661949580  | $290345504  | $2427692965  | $149321582  |
| Gross unrealized appreciation  | 183373773  | 1829700262  | 137153252  | 860782694  | 49550542  |
| Gross unrealized depreciation  | (7079907)  | (221011784)  | (12432371)  | (89022338)  | (9487576)  |
| &nbsp;&nbsp;&nbsp; Net unrealized <br>appreciation/(depreciation)  | 176293866  | 1608688478  | 124720881  | 771760356  | 40062966  |
| Undistributed ordinary income  | 1824256  | —  | —  | 83196  | —  |
| Undistributed long-term gain  | 6370534  | 5670805  | 7777483  | 80510344  | 7373666  |
| Total undistributed earnings  | 8194790  | 5670805  | 7777483  | 80593540  | 7373666  |
| Other accumulated gains <br>&nbsp;&nbsp;&nbsp;&nbsp;(losses)  | —  | —  | —  | (14376349)  | —  |
| Total distributable earnings <br>&nbsp;&nbsp;&nbsp;&nbsp;(loss)  | $184488656  | $1614359283  | $132498364  | $837977547  | $47436632 |

---

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**NOTES TO FINANCIAL STATEMENTS** 

**December 31, 2025(Continued)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Real Income** <br>**Fund**  | **Short Duration** <br>**High Yield Fund**  | **Core Bond** <br>**Fund**  | **Core Plus** <br>**Bond Fund**  | **Unconstrained** <br>**Bond Fund**  |
| Cost of investments  | $244361802  | $275650516  | $536858130  | $2327988705  | $2067104906  |
| Gross unrealized appreciation  | 16778190  | 4316933  | 5795598  | 23998854  | 17240571  |
| Gross unrealized depreciation  | (3571840)  | (116275)  | (6412874)  | (26458562)  | (17769856)  |
|  Net unrealized appreciation/(depreciation)  | 13206350  | 4200658  | (617276)  | (2459708)  | (529285)  |
| Undistributed ordinary income  | 68440  | —  | —  | —  | —  |
| Undistributed long-term gain  | —  | —  | —  | —  | —  |
| Total undistributed earnings  | 68440  | —  | —  | —  | —  |
| Other accumulated gains <br>&nbsp;&nbsp;&nbsp;&nbsp;(losses)  | (11182465)  | (2917954)  | (69243195)  | (146877070)  | 2487283  |
| Total distributable earnings <br>&nbsp;&nbsp;&nbsp;&nbsp;(loss)  | $2092325  | $1282704  | $(69860471)  | $(149336778)  | $1957998 |

---

The difference between book-basis and tax-basis unrealized appreciation (depreciation) was attributable primarily to the tax deferral of losses from wash sales and differences in the accounting treatment for non-REIT returns of capital, investments in passive foreign investment companies and swaps.

**NOTE 6 – OTHER DERIVATIVE INFORMATION** 

At December 31, 2025, the funds have invested in derivative contracts which are reflected on the Statements of Assets and Liabilities as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Risk Exposure** <br>**Category** | **Statements of Assets and** <br>**Liabilities Location** | **Asset** <br>**Fair Value** <br>**Amount** | **Liability** <br>**Fair Value** <br>**Amount**  |
| Core Plus Bond Fund | Credit | Open credit default swap contracts, at value\* | $3750548 | N/A  |
|  | Currency | Unrealized appreciation - open forward contracts | 1572099 | N/A  |
|  | Currency | Unrealized depreciation - open forward contracts | N/A | $1358038  |
|  | Total |  | $5322647 | $1358038  |
| Unconstrained Bond Fund | Credit | Open credit default swap contracts, at value\* | $11380583 | $1582751  |
|  | Interest rate & currency | Unrealized appreciation - open inflation and interest rate swap contracts\* | 8335751 | N/A  |
|  | Interest rate | Unrealized appreciation - open futures contracts^ | 417521 | N/A  |
|  | Interest rate | Unrealized depreciation - open futures contracts^ | N/A | 3732978  |
|  | Currency | Unrealized appreciation - open forward contracts | 3623742 | N/A  |
|  | Currency | Unrealized depreciation - open forward contracts | N/A | 7507145  |
|  | Total |  | $23757597 | $12822874 |

---

\* Included in Deposit at broker - open swap contracts.

^ Included in Deposit at broker - open futures contracts.

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**NOTES TO FINANCIAL STATEMENTS** 

**December 31, 2025(Continued)** 

Financial Accounting Standards Board Accounting Update 2011-11, Disclosures about Offsetting Assets and Liabilities requires an entity that has financial instruments that are either 1) offset or 2) subject to an enforceable master netting arrangement or similar agreement to disclose information about offsetting and related arrangements to enable users of its financial statements to understand the effect of those arrangements on its financial position. As of December 31, 2025 the funds did not hold any financial or derivative instruments that are offset or subject to enforceable master netting agreements (or related arrangements).

For the year ended December 31, 2025, the effect of derivative contracts on the funds' Statements of Operations is as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Risk Exposure** <br>**Category** | **Derivative Instrument** | **Net Realized** <br>**Gains (Losses)** | **Net Change in** <br>**Unrealized** <br>**Appreciation** <br>(Depreciation)  |
|  Core Plus Bond Fund | Credit | Written options | $977689 | $—  |
|  | Credit | Swap contracts | 14004827 | 146437  |
|  | Interest rate & currency | Swap contracts | (1861579) | —  |
|  | Interest rate | Futures contracts | 1104256 | —  |
|  | Currency | Forward contracts | (7000359) | (780073)  |
|  | Total |  | $7224834 | $(633636)  |
|  Unconstrained Bond Fund | Credit | Written options | $6241658 | $—  |
|  | Credit | Swap contracts | 14888482 | 469806  |
|  | Inflation, interest rate & currency | Swap contracts | 6479906 | 4514943  |
|  | Interest rate | Futures contracts | 2777269 | 8160153  |
|  | Currency | Forward contracts | 3428528 | (17243041)  |
|  | Total |  | $33815843 | $(4098139) |

---

Restricted cash consists of cash that has been segregated to cover the fund's collateral or margin obligations for derivatives transactions including but not limited to currency forwards, single name credit default swaps and/or TBAs. It is separately reported on the Statement of Assets and Liabilities as Segregated Cash. See derivatives table above for detail of derivatives transactions held as of the end of the reporting period. Refer to note 2 for additional information regarding investments in derivatives and TBAs.

**NOTE 7 – SECURITIES LENDING** 

To earn additional income, each fund may loan portfolio securities to qualified broker dealers. The primary objective of securities lending is to supplement a fund's income through investment of the cash collateral in short-term interest bearing obligations. The collateral for a fund's loans will be marked-to-market daily so that at all times the collateral exceeds 100% of the value of the loan. A fund may terminate such loans at any time and the market risk applicable to any security loaned remains its risk. Although voting rights, or rights to consent, with respect to the loaned securities pass to the borrower, a fund retains the right to call the loans at any time on reasonable notice, and it may choose to do so in order that the securities may be voted by it if the holders of such securities are asked to vote upon or consent to matters materially affecting the investment. A fund also may call such loans in order to sell the securities involved. The borrower must add to the collateral whenever the market value of the securities rises above the level of such collateral. While securities are on loan, the funds continue to receive certain income associated with that security and any gain or loss in the market price that may occur during the term of the loan. In the case of domestic equities, the value of any dividend is received in the form of a substitute payment approximately equal to the dividend. In the case of foreign securities, a negotiated amount may be received that is less than the actual dividend, but higher than the dividend amount minus the foreign tax that the funds would be subject to on the dividend. Securities loans involve some risk.

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**NOTES TO FINANCIAL STATEMENTS** 

**December 31, 2025(Continued)** 

There is a risk that a borrower may default on its obligations to return loaned securities; however, the funds' securities lending agent may indemnify a fund against that risk. A fund could incur a loss if the borrower should fail financially at a time when the value of the loaned securities is greater than the collateral, and a fund could lose rights in the collateral should the borrower fail financially. The securities in which the collateral is invested may not perform sufficiently to cover the return collateral payments owed to borrowers. In addition, delays may occur in the recovery of securities from borrowers, which could interfere with a fund's ability to settle transactions. A fund will also be responsible for the risks associated with the investment of cash collateral. In any case in which the loaned securities are not returned to a fund before an ex-dividend date, the payment in lieu of the dividend that a fund receives from the securities' borrower would not be treated as a dividend for federal income tax purposes and thus would not qualify for treatment as "qualified dividend income."

Each security on loan as of the date of this report is footnoted on each fund's Investment Portfolio, along with the total value of all securities on loan. Cash collateral received for securities on loan has been invested in the First American Government Obligations Fund Class X (the "money market fund"). The money market fund is included in each respective fund's Investment Portfolio and is footnoted as having been purchased with cash collateral received for securities on loan. The value of the money market fund is included as an asset on the Statements of Assets and Liabilities as part of "Investments—unaffiliated, at value." A liability of equal value to the cash collateral received and subsequently invested in the money market fund is included on the Statements of Assets and Liabilities as "Payable for securities lending collateral received." Income earned from securities lending, net of applicable fees, is shown on the Statement of Operations as income from "Securities lending, net." Due to the absence of a master netting agreement related to the funds' participation in securities lending, no additional offsetting disclosures have been made on behalf of the funds for the total "Payable for securities lending collateral received" listed on the Statements of Assets and Liabilities.

**NOTE 8 – LINE OF CREDIT** 

As of December 31, 2025, the Trust has a secured line of credit of up to $350,000,000 with U.S. Bank N.A, secured by a first priority lien on the Trust's assets. Each fund, except International Stock Fund, Mid Cap Value Fund, and Real Income Fund, may borrow up to 33.33% of the net market value of such fund's assets. International Stock Fund may borrow up to 30.00% of the net market value of such fund's assets. Mid Cap Value Fund and Real Income Fund may borrow up to 5.00% of the net market value of such fund's assets. The maximum aggregate borrowing limit is $350,000,000 for all funds.

Borrowings under this arrangement bear interest at U.S. Bank N.A.'s prime rate minus 1.00%, which as of December 31, 2025 was 5.75% (prime rate of 6.75% minus 1.00%). The following table shows the details of the funds' borrowing activity during the year ended December 31, 2025. Funds that are not listed did not utilize the line of credit during the period.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Maximum** <br>**Outstanding** <br>**Balance** | **Average Daily** <br>**Balance** | **Total Interest** <br>**Incurred** | **Average Annual** <br>**Interest Rate**  |
| Mid Cap Value Fund | $87000 | &nbsp;&nbsp; $447 | &nbsp;&nbsp; $28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.10%  |
| Chartwell Small Cap Growth Fund | 3951000 | &nbsp;&nbsp; 10825 | &nbsp;&nbsp; 713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.50  |
| Small Cap Value Fund | 5547000 | &nbsp;&nbsp; 27786 | &nbsp;&nbsp; 1743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.19  |
| Capital Appreciation Fund | 4689000 | &nbsp;&nbsp; 31288 | &nbsp;&nbsp; 2017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.36  |
| International Stock Fund | 674000 | &nbsp;&nbsp; 1874 | &nbsp;&nbsp; 124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.50  |
| Growth & Income Fund | 1191000 | &nbsp;&nbsp; 12597 | &nbsp;&nbsp; 803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.29  |
| Mid Cap Growth Fund | 39268000 | &nbsp;&nbsp; 700082 | &nbsp;&nbsp; 43977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.20  |
| Eagle Small Cap Growth Fund | 7073000 | &nbsp;&nbsp; 57411 | &nbsp;&nbsp; 3728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.41  |
| Mid Cap Fund | 29216000 | &nbsp;&nbsp; 349863 | &nbsp;&nbsp; 22918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.46  |
| Small Cap Fund | 13430000 | &nbsp;&nbsp; 93022 | &nbsp;&nbsp; 5590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.93  |
| Real Income Fund | 1198000 | &nbsp;&nbsp; 3658 | &nbsp;&nbsp; 241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.50 |

---

As of December 31, 2025, none of the funds had outstanding borrowings under the line of credit.

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**NOTES TO FINANCIAL STATEMENTS** 

**December 31, 2025(Continued)** 

**NOTE 9 – SEGMENT REPORTING** 

Operating segments are defined as components of a company that engage in business activities and for which discrete financial information is available and regularly reviewed by the chief operating decision maker (CODM) in deciding how to allocate resources and assess performance. The funds' president and principal executive officer, and the funds' treasurer and principal financial and accounting officer, together serve as the CODM. Each fund makes investments in accordance with its investment objective as outlined in the Prospectus and is considered one reportable segment because the CODM allocates resources and assesses the operating results of the fund on the whole.

The funds' revenue is derived from investments in a portfolio of securities. The CODM allocates resources and assesses performance based on the operating results of the funds, which is consistent with the results presented in the statement of operations, statement of changes in net assets and financial highlights. The CODM compares each fund's performance to its benchmark index and evaluates the positioning of each fund in relation to its investment objective. The measure of segment assets is net assets of the funds which is disclosed in the statement of assets and liabilities.

The accounting policies of the segment are the same as those described in the summary of significant accounting policies. The financial statements include all details of the segment assets, segment revenue and expenses; and reflect the financial results of the segment.

**NOTE 10 – SUBSEQUENT EVENTS** 

At meetings held on February 12-13, 2026, the Board of Trustees of Carillon Series Trust approved a Plan of Reorganization and Termination pursuant to which the Carillon ClariVest Capital Appreciation Fund would be reorganized into the RJ ClariVest Capital Appreciation ETF, a newly-formed exchange-traded fund series of Carillon Series Trust, with an anticipated closing date in May 2026.

The funds have adopted financial reporting rules regarding subsequent events which require an entity to recognize, in the financial statements, the effects of all subsequent events that provide additional evidence about conditions that existed at the date of the Statement of Assets and Liabilities. The Manager has evaluated the funds' related events and transactions that occurred through the date of issuance of the funds' financial statements. There were no other events or transactions that materially impacted the amounts or disclosures in the funds' financial statements.

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**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM** 

To the Board of Trustees of Carillon Series Trust and Shareholders of Carillon Chartwell Mid Cap Value Fund, Carillon Chartwell Small Cap Growth Fund, Carillon Chartwell Small Cap Value Fund, Carillon ClariVest Capital Appreciation Fund, Carillon ClariVest International Stock Fund, Carillon Eagle Growth & Income Fund, Carillon Eagle Mid Cap Growth Fund, Carillon Eagle Small Cap Growth Fund, Carillon Scout Mid Cap Fund, Carillon Chartwell Small Cap Fund, Carillon Chartwell Real Income Fund, Carillon Chartwell Short Duration High Yield Fund, Carillon Reams Core Bond Fund, Carillon Reams Core Plus Bond Fund and Carillon Reams Unconstrained Bond Fund.

**Opinions on the Financial Statements** 

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of each of the funds within the Carillon Series Trust listed in the table below (hereafter collectively referred to as the "Funds") as of December 31, 2025, the related statements of operations for the year ended December 31, 2025, the statements of changes in net assets for each of the two years in the period ended December 31, 2025, including the related notes, and the financial highlights for each of the periods indicated in the table below (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds listed in the table below as of December 31, 2025, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended December 31, 2025, and the financial highlights for each of the periods indicated in the table below, in conformity with accounting principles generally accepted in the United States of America.

---

| | |
|:---|:---|
| **Fund** | **Financial Highlights**  |
|  Carillon Chartwell Mid Cap Value Fund, Carillon Chartwell Small Cap Growth Fund, Carillon Chartwell Small Cap Value Fund, Carillon Chartwell Real Income Fund and Carillon Chartwell Short Duration High Yield Fund | For each of the periods indicated therein  |
|  Carillon ClariVest Capital Appreciation Fund, Carillon ClariVest International Stock Fund, Carillon Eagle Growth & Income Fund, Carillon Eagle Mid Cap Growth Fund, Carillon Eagle Small Cap Growth Fund, Carillon Scout Mid Cap Fund, Carillon Chartwell Small Cap Fund, Carillon Reams Core Bond Fund, Carillon Reams Core Plus Bond Fund and Carillon Reams Unconstrained Bond Fund | For the years ended December 31, 2025 and 2024, the period November 1, 2023 through December 31, 2023 and each of the three years in the period ended October 31, 2023 |

---

The financial statements of Carillon Chartwell Mid Cap Value Fund, Carillon Chartwell Small Cap Growth Fund, Carillon Chartwell Small Cap Value Fund, Carillon Chartwell Real Income Fund and Carillon Chartwell Short Duration High Yield Fund as of and for the year ended December 31, 2023 and the financial highlights for each of the periods ended on or prior to December 31, 2023 (not presented herein, other than the financial highlights) were audited by other auditors whose report dated February 21, 2024 expressed unqualified opinions on those financial statements and financial highlights and included a paragraph regarding prior periods having been audited by a predecessor auditor.

**Basis for Opinions** 

These financial statements are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such

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**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM(Continued)** 

procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of December 31, 2025, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.

/s/ PricewaterhouseCoopers LLP

Tampa, Florida

February 26, 2026

We have served as the auditor of one or more investment companies in Carillon Series Trust since 1985.

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**2025 Federal Tax Notice (UNAUDITED)** 

The following information for the fiscal year ended December 31, 2025 for the Carillon Family of Funds is provided pursuant to provisions of the Internal Revenue Code.

The information and distributions reported herein may differ from the information and distributions taxable to the shareholders for the calendar year ended December 31, 2025. All dividends paid by the Funds from net investment income are deemed to be ordinary income for federal income tax purposes. Complete information will be computed and reported in conjunction with your 2025 Form 1099-DIV.

The amounts shown may differ from amounts disclosed elsewhere in this report due to differences between tax and financial reporting requirements.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Mid Cap** <br>**Value Fund**  | **Chartwell Small** <br>**Cap Growth** <br>**Fund**  | **Small Cap** <br>**Value Fund**  | **Capital** <br>**Appreciation** <br>**Fund**  | **International** <br>**Stock Fund**  |
| Qualified dividend income  | &nbsp;&nbsp;&nbsp; 100.00%  | &nbsp;&nbsp;&nbsp;&nbsp; 12.89%  | &nbsp;&nbsp;&nbsp; 84.40%  | &nbsp;&nbsp; 100.00%  | &nbsp;&nbsp;&nbsp;&nbsp; 72.00%  |
| Dividends received deduction  | &nbsp;&nbsp;&nbsp; 61.82%  | &nbsp;&nbsp;&nbsp;&nbsp; 40.15%  | &nbsp;&nbsp;&nbsp; 51.31%  | &nbsp;&nbsp; 100.00%  | &nbsp;&nbsp;&nbsp;&nbsp; 0.00%  |
| Short-term capital gains | &nbsp;&nbsp;&nbsp; 6.92% | &nbsp;&nbsp;&nbsp;&nbsp; 0.00% | &nbsp;&nbsp;&nbsp; 73.89% | &nbsp;&nbsp; 100.00% | &nbsp;&nbsp;&nbsp;&nbsp; 0.00% |
| Long-term capital gains  | &nbsp;&nbsp;&nbsp; $2261918  | &nbsp;&nbsp;&nbsp;&nbsp; $919631  | &nbsp;&nbsp;&nbsp; $6912544  | &nbsp;&nbsp; $22936289  | &nbsp;&nbsp;&nbsp;&nbsp; $56799 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Growth & Income** <br>**Fund**  | **Mid Cap** <br>**Growth Fund**  | **Eagle Small Cap** <br>**Growth Fund**  | **Mid Cap** <br>**Fund**  | **Small Cap** <br>**Fund**  |
| Qualified dividend income  | &nbsp;&nbsp; 100.00%  | 28.38%  | &nbsp;&nbsp; 100.00%  | 51.83%  | &nbsp;&nbsp; 0.00%  |
| Dividends received deduction  | &nbsp;&nbsp; 100.00%  | 34.22%  | &nbsp;&nbsp; 100.00%  | 70.92%  | &nbsp;&nbsp; 0.00%  |
| Short-term capital gains | &nbsp;&nbsp; 19.27% | 100.00% | &nbsp;&nbsp; 100.00% | 78.30% | &nbsp;&nbsp; 0.00% |
| Long-term capital gains  | &nbsp;&nbsp; $77504888  | $588758017  | &nbsp;&nbsp; $31904941  | $230477445  | &nbsp;&nbsp; $75968896 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Real Income** <br>**Fund**  | **Short Duration** <br>**High Yield Fund**  | **Core Bond** <br>**Fund**  | **Core Plus** <br>**Bond Fund**  | **Unconstrained** <br>**Bond Fund**  |
| Qualified dividend income  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.40%  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.00%  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.00%  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.00%  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.00%  |
| Dividends received deduction  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.57%  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.00%  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.00%  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.00%  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.00%  |
| Short-term capital gains | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.00% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.00% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.00% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.00% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 36.59% |
| Long-term capital gains  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $—  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— |

---

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**Additional Information** 

**The below information is required disclosure from Form N-CSR**

**Item 8. Changes in and Disagreements with Accountants for Open-End Investment Companies.** 

There were no changes in or disagreements with accountants during the period covered by this report.

**Item 9. Proxy Disclosure for Open-End Investment Companies.** 

The Board of Trustees of the Trust called a special meeting (the "Special Meeting") of the shareholders of the Carillon Chartwell Small Cap Growth Fund (the "SCG Fund"), a series of the Trust. The Special Meeting was called for the purpose of approving amendments to each of the SCG Fund's fundamental investment policies, which are with respect to: (1) issuing senior securities; (2) borrowing; (3) commodities; (4) industry concentration; (5) diversification; (6) loans; (7) real estate; and (8) underwriting (collectively, the "Proposals"). The Proposals required a vote of a "majority of the outstanding voting securities" of the SCG Fund as defined in the Investment Company Act of 1940, as amended, which is the lesser of (a) 67% or more of the voting securities present at such meeting, if the holders of more than 50% of the outstanding voting securities are present or represented by proxy, or (b) more than 50% of the outstanding voting securities, whichever is the less; both effectively require the presence at the meeting of more than 50% of the outstanding voting securities (a "1940 Act Majority").

The Special Meeting was held on July 23, 2025. A 1940 Act Majority was not present or represented by proxy, and the Special Meeting was adjourned to August 19, 2025. A 1940 Act Majority not being present on either date, the Proposals were not submitted to a vote and the Special Meeting ended without action being taken on the Proposals.

**Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Investment Companies.** 

Refer to information provided within financial statements.

**Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.** 

**<u>Approval of Amended Subadvisory Agreement with Eagle Asset Management, Inc.</u>** 

At meetings held on May 15-16, 2025 (the "Meetings"), the Board of Trustees ("Board" or "Trustees") of Carillon Series Trust (the "Trust"), including its independent members (the "Independent Trustees"), considered and approved an amended subadvisory agreement (the "Amended Agreement") between Carillon Tower Advisers, Inc. ("Carillon") and Eagle Asset Management, Inc. ("Eagle"), with respect to the Carillon Eagle Growth & Income Fund, the Carillon Eagle Mid Cap Growth Fund and the Carillon Eagle Small Cap Growth Fund (each, a "Fund" and collectively, the "Funds").

The Board considered that Carillon proposed a change in the computation of Eagle's compensation under the subadvisory agreement (the "Agreement") between Carillon and Eagle with respect to the Funds, consistent with how Carillon computes the compensation paid to the investment subadvisers to other series of the Trust. Prior to the Meetings, information was provided to the Board by Carillon regarding the proposed Amended Agreement. At the Meetings, the Board met with representatives of Carillon and was provided the opportunity to pose questions regarding certain aspects of the materials submitted in support of the approval. Legal counsel to the Independent Trustees directed the Trustees to a legal memorandum regarding the Board's responsibilities pertaining to the approval of subadvisory agreements with respect to other series of the Trust provided in their briefing materials for meetings in February 2025. The memorandum explained the regulatory requirements surrounding the Trustees' process for evaluating investment advisors and the terms of investment advisory contracts.

Provided below is a discussion of the factors the Board considered at its Meetings to form the basis of its approval of the Amended Agreement. The Board did not identify any particular information that was most relevant to its consideration of the Amended Agreement, and each Trustee may have afforded different weight to the various factors.

The Board considered that the terms of the Amended Agreement would not change, other than the manner in which Carillon compensated Eagle with respect to the Funds. The Board considered that the fees charged to the Funds would not change, that the services to be provided by Carillon or Eagle to the Funds were not expected to change, and that the individuals who currently were proposed to provide

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portfolio management services to the Funds were expected to remain the same. In determining whether to approve the Amended Agreement, the Board considered certain information provided in connection with its most recent prior annual renewal of the Agreement, pursuant to which it had considered the following factors with respect to the Funds: (1) the nature, extent and quality of services to be provided to the Funds; (2) the investment performance of the Funds; (3) the estimated costs of the services provided to the Funds and the estimated profits realized by Carillon Tower and its affiliates, including Eagle, from their relationships with the Fund; (4) the extent to which economies of scale have been realized as the Funds grow; (5) whether the level of fees reflects those economies of scale for the benefit of the Funds' investors; (6) comparisons of services and fees with contracts entered into by Carillon Tower and Eagle with other clients (such as pension funds and other institutional investors); and (7) any benefits derived by Carillon or Eagle from their relationships with the Funds. The Board, in consideration of those factors in connection with the renewal of the Agreement, determined that it was not necessary to consider each of these factors in connection with the approval of the Amended Agreement, given the foregoing considerations with respect to the Agreement.

Based on the various considerations described above, the Board, including a majority of Trustees who are not "interested persons" of the Funds, Carillon or Eagle, as that term is defined in the Investment Company Act of 1940, as amended, concluded that the approval of the Amended Agreement was in the best interests of the Funds and approved the Amended Agreement.

**<u>Renewal of Investment Advisory and Subadvisory Agreements</u>** 

<u>Overview</u>. At meetings held on August 14-15, 2025, the Board of Trustees ("Board" or "Trustees") of Carillon Series Trust ("Trust"), including its independent members (the "Independent Trustees"), approved the renewal of the investment advisory agreement between Carillon Tower Advisers, Inc. ("Carillon Tower") and the Trust, on behalf of the Carillon ClariVest Capital Appreciation Fund, Carillon ClariVest International Stock Fund, Carillon Eagle Growth & Income Fund, Carillon Eagle Mid Cap Growth Fund, Carillon Eagle Small Cap Growth Fund, Carillon Scout Mid Cap Fund, Carillon Reams Core Bond Fund, Carillon Reams Core Plus Bond Fund, Carillon Reams Unconstrained Bond Fund, Carillon Chartwell Real Income Fund, Carillon Chartwell Mid Cap Value Fund, Carillon Chartwell Short Duration High Yield Fund, Carillon Chartwell Small Cap Fund, Carillon Chartwell Small Cap Value Fund, and Carillon Chartwell Small Cap Growth Fund. Each of the funds mentioned is referred to as a "Fund" and, collectively, as the "Funds."

The Board also approved the renewal of the investment subadvisory agreements between Carillon Tower and: (1) ClariVest Asset Management LLC ("ClariVest"), the subadviser to the Carillon ClariVest Capital Appreciation Fund and Carillon ClariVest International Stock Fund; (2) Eagle Asset Management, Inc. ("Eagle"), the subadviser to the Carillon Eagle Growth & Income Fund, Carillon Eagle Mid Cap Growth Fund and Carillon Eagle Small Cap Growth Fund; (3) Scout Investments, Inc. ("Scout"), the subadviser to the Carillon Scout Mid Cap Fund, Carillon Reams Core Bond Fund, Carillon Reams Core Plus Bond Fund and Carillon Reams Unconstrained Bond Fund; and (4) Chartwell Investment Partners, LLC ("Chartwell"), the subadviser to the Carillon Chartwell Real Income Fund, Carillon Chartwell Mid Cap Value Fund, Carillon Chartwell Short Duration High Yield Fund, Carillon Chartwell Small Cap Fund, Carillon Chartwell Small Cap Value Fund, and Carillon Chartwell Small Cap Growth Fund. Each of the investment advisory and subadvisory agreements is referred to herein as an "Agreement" and, collectively, as the "Agreements."

On an annual basis, the Board considers the renewal of the Agreements. As part of the annual renewal process, the Board took into consideration information and reports it was provided throughout the year relevant to the annual renewal of the Agreements, including: information regarding the services and support provided to the Funds and their shareholders by Carillon Tower, ClariVest, Eagle, Scout, Chartwell, U.S. Bank Global Fund Services, a third party that provides sub-administration, transfer agency and fund accounting services to the Funds, and U.S. Bank National Association, which provides custody services to the Funds; information on the Funds' performance and commentary on the performance presented by Raymond James Financial, Inc.'s ("RJF") Asset Management Services and Fund portfolio managers; presentations by Fund portfolio managers addressing, as applicable, the investment philosophy, investment strategies, personnel and operations of ClariVest, Eagle, Scout, and Chartwell;

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and compliance and financial reports concerning the Funds, as well as responses by Carillon Tower, Eagle, ClariVest, Scout and Chartwell to issues raised therein. The Board also considered information on relevant developments in the mutual fund industry and how the Funds and/or Carillon Tower are responding to them.

In addition, throughout the year, the Board regularly met with senior management personnel and reviewed information prepared by Carillon Tower and the Funds' subadvisers regarding the Funds' expenses and performance, as applicable.

Carillon Tower, ClariVest, Eagle, Scout and Chartwell also prepared comprehensive responses to items of information requested by counsel to the Independent Trustees in letters to Carillon Tower, ClariVest, Eagle, Scout and Chartwell, to assist the Board in determining whether to renew the Agreements. These responses contained substantial and detailed information regarding the Funds and, as applicable, Carillon Tower, ClariVest, Eagle, Scout and Chartwell. The responses also included information regarding the performance of the Funds as compared to funds within their Morningstar, Inc. category ("Morningstar Category"), Broadridge Financial Solutions, Inc. ("Broadridge") performance universe, benchmark indices, and, as applicable, a composite of similar accounts managed by ClariVest, Eagle, Scout or Chartwell, and the Funds' expenses relative to funds within the applicable Fund's Broadridge expense group and expense universe. The Board posed questions to various management personnel of Carillon Tower regarding certain aspects of the materials submitted in support of the renewal.

The Board accorded appropriate weight to the work, deliberations and conclusions of its various committees in determining whether to continue the Agreements. Legal counsel to the Independent Trustees provided the Board with a memorandum regarding the Board's responsibilities pertaining to the renewal of the Agreements. The memorandum explained the regulatory requirements surrounding the Trustees' process for evaluating investment advisors and the terms of investment advisory contracts.

In voting to renew the Agreements, the Board considered whether the approval of the Agreements would be in the best interests of each fund and its shareholders, an evaluation based on various factors, including: (1) the nature, extent and quality of services provided to the Funds; (2) the investment performance of the Funds; (3) the estimated costs of the services provided to the Funds and the estimated profits realized by Carillon Tower and its affiliates, including ClariVest, Eagle, Scout and Chartwell, from their relationships with the Funds; (4) the extent to which economies of scale have been realized as the Funds grow; (5) whether the level of fees reflects those economies of scale for the benefit of the Funds' investors; (6) comparisons of services and fees with contracts entered into by Carillon Tower, ClariVest, Eagle, Scout and Chartwell with other clients (such as pension funds and other institutional investors); and (7) any benefits derived by Carillon Tower, ClariVest, Eagle, Scout and Chartwell from their relationships with the Funds.

Provided below is a discussion of the factors the Board considered at its August 2025 meetings to form the basis of its renewal of the Agreements. The Board did not identify any particular information that was most relevant to its consideration to renew the Agreements, and each Trustee may have accorded different weight to the various factors.

<u>Nature, Extent and Quality of Services</u>. The Board considered that the personnel responsible for the Funds at Carillon Tower are experienced in providing investment advisory services to the Funds; that the personnel responsible for the Funds at ClariVest, Eagle, Scout and Chartwell are experienced in providing portfolio management services for the Funds; and that Carillon Tower, ClariVest, Eagle, Scout and Chartwell have provided a continuous investment program for the Funds. The Board considered that Carillon Tower oversees and monitors the performance of, and services provided by, ClariVest, Eagle, Scout, Chartwell and the Funds' other service providers. The Board also considered that Carillon Tower and its affiliate, Carillon Fund Distributors, Inc. ("CFD"), provide certain administration and distribution services to the Funds. In addition, the Board considered that Carillon Tower and its affiliates are responsible for oversight of compliance with the Funds' investment objectives and policies, review of brokerage matters, oversight of the Funds' compliance with applicable law and implementation of Board directives as they relate to the Funds. The Board considered that shareholders in the Funds have a broad

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range of investment choices available to them, including a wide choice among mutual funds offered by Carillon Tower's competitors, and that the Funds' shareholders have chosen to invest in the Funds.

The Board considered that: ClariVest is responsible for making investment decisions on behalf of the Carillon ClariVest Capital Appreciation Fund and Carillon ClariVest International Stock Fund; Eagle is responsible for making investment decisions on behalf of the Carillon Eagle Growth & Income Fund, Carillon Eagle Mid Cap Growth Fund and Carillon Eagle Small Cap Growth Fund; Scout is responsible for making investment decisions on behalf of the Carillon Scout Mid Cap Fund, Carillon Reams Core Bond Fund, Carillon Reams Core Plus Bond Fund and Carillon Reams Unconstrained Bond Fund; and Chartwell is responsible for making investment decisions on behalf of the Carillon Chartwell Real Income Fund, Carillon Chartwell Mid Cap Value Fund, Carillon Chartwell Short Duration High Yield Fund, Carillon Chartwell Small Cap Fund, Carillon Chartwell Small Cap Value Fund, and Carillon Chartwell Small Cap Growth Fund. The Board considered that ClariVest, Eagle, Scout and Chartwell are responsible for placing all orders for the purchase and sale of securities and other investments for the Funds that they manage and that orders for ClariVest, Eagle and Scout would be executed by Eagle's trading desk. The Board also considered: (1) information regarding the Carillon Tower, ClariVest, Eagle, Scout and Chartwell personnel who provide services to the Funds; (2) certifications as to the adequacy of the compliance programs of Carillon Tower, ClariVest, Eagle, Scout, and Chartwell; (3) the financial information provided regarding Carillon Tower, ClariVest, Eagle, Scout and Chartwell; and (4) Carillon Tower's recommendations to continue to retain ClariVest, Eagle, Scout and Chartwell to provide portfolio management services to the Funds.

<u>Investment Performance</u>. The Board considered comparisons of the performance of the Funds' Class I shares, including, if available, a Fund's one-, three-, five- and ten-year annualized total returns for the period ended June 30, 2025, relative to the average performance of its Morningstar Category, Broadridge performance universe and benchmark indices. For each fund, as relevant, the Board also considered explanations from Carillon Tower and the subadvisers regarding underperformance relative to the Fund's Morningstar Category, Broadridge performance universe and/or benchmark indices. The Board recognized the limitations of such data, including that the data may vary depending on the end date selected and that the results of the performance comparisons may vary depending on the selection of the peer group and its composition over time. The Board concluded that it was generally satisfied with each fund's overall performance and portfolio management over different time periods and market cycles.

With respect to the Carillon ClariVest Capital Appreciation Fund, the Board considered a number of factors regarding performance, including that: (1) the Fund outperformed the median of its Broadridge performance universe and Morningstar Category for the one-year, three-year, five-year, and ten-year periods ended June 30, 2025; and (2) the Fund outperformed its benchmark index for the one-year and five-year periods, and underperformed for the three-year and ten-year periods ended June 30, 2025.

With respect to the Carillon ClariVest International Stock Fund, the Board considered a number of factors regarding performance, including that: (1) the Fund outperformed the median of its Broadridge performance universe and Morningstar Category for the three-year, five-year and ten-year periods, and underperformed for the one-year period ended June 30, 2025; and (2) the Fund outperformed its benchmark index for the one-year, three-year, five-year and ten-year periods ended June 30, 2025.

With respect to the Carillon Eagle Growth & Income Fund, the Board considered a number of factors regarding performance, including that: (1) the Fund outperformed the median of its Broadridge performance universe and Morningstar Category for the one-year and ten-year periods ended June 30, 2025, and underperformed for the three-year and five-year periods; and (2) the Fund underperformed its benchmark index for one-year, three-year, five-year and ten-year periods ended June 30, 2025.

With respect to the Carillon Eagle Mid Cap Growth Fund, the Board considered a number of factors regarding performance, including that: (1) the Fund outperformed the median of its Broadridge performance universe and Morningstar Category for the one-year, five year, and ten-year periods ended June 30, 2025, and underperformed for the three-year period; and (2) the Fund underperformed its benchmark index for the one-year, three-year, five-year, and ten-year periods ended June 30, 2025.

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With respect to the Carillon Eagle Small Cap Growth Fund, the Board considered a number of factors regarding performance, including that the Fund underperformed the median of its Broadridge performance universe and Morningstar Category, and its benchmark index, for the one-year, three-year, five-year and ten-year periods ended June 30, 2025.

With respect to the Carillon Scout Mid Cap Fund, the Board considered a number of factors regarding performance, including that: (1) the Fund outperformed the median of its Broadridge performance universe and Morningstar Category for the one-year, three-year, five-year and ten-year periods ended June 30, 2025; and (2) the Fund underperformed its benchmark index for the three-year period, and outperformed for the one-year, five-year and ten-year periods ended June 30, 2025.

With respect to the Carillon Reams Core Bond Fund, the Board considered a number of factors regarding performance, including that: (1) the Fund outperformed the median of its Broadridge performance universe and Morningstar Category for the one-year and ten-year periods ended June 30, 2025, and underperformed for the three-year and five-year periods; and (2) the Fund underperformed its benchmark index for the three-year period, and outperformed for the one-year, five-year and ten-year periods.

With respect to the Carillon Reams Core Plus Bond Fund, the Board considered a number of factors regarding performance, including that the Fund outperformed the median of its Broadridge performance universe and Morningstar Category, and its benchmark index, for the one-year, three-year, five-year and ten-year periods ended June 30, 2025.

With respect to the Carillon Reams Unconstrained Bond Fund, the Board considered a number of factors regarding performance, including that the Fund outperformed the median of its Broadridge performance universe and Morningstar Category, and its benchmark index, for the one-year, three-year, five-year and ten-year periods ended June 30, 2025.

With respect to the Carillon Chartwell Real Income Fund, the Board considered a number of factors regarding performance, including that the Fund outperformed the median of its Broadridge performance universe and Morningstar Category, and its benchmark index, for the one-year, three-year, five-year, and ten-year periods ended June 30, 2025.

With respect to the Carillon Chartwell Mid Cap Value Fund, the Board considered a number of factors regarding performance, including that the Fund underperformed the median of its Broadridge performance universe and Morningstar Category, and its benchmark index, for the three-year, five-year, and ten-year periods ended June 30, 2025, and outperformed for the one-year period.

With respect to the Carillon Chartwell Short Duration High Yield Fund, the Board considered a number of factors regarding performance, including that: (1) the Fund underperformed the median of its Broadridge performance universe and Morningstar Category for the one-year, three-year, five-year and ten-year periods ended June 30, 2025; (2) the Fund outperformed one of its benchmark indices for the one-year, three-year, five-year and ten-year periods ended June 30, 2025; and (3) the Fund underperformed its other benchmark index for the one-year, three-year, five-year and ten-year periods ended June 30, 2025.

With respect to the Carillon Chartwell Small Cap Fund, the Board considered a number of factors regarding performance, including that: (1) the Fund outperformed the median of its Broadridge performance universe and Morningstar Category for the one-year, five-year and ten-year periods ended June 30, 2025, and underperformed for the three-year period; and (2) the Fund outperformed its benchmark index for the five-year and ten-year periods ended June 30, 2025, and underperformed for the one-year and three-year periods.

With respect to the Carillon Chartwell Small Cap Value Fund, the Board considered a number of factors regarding performance, including that the Fund underperformed the median of its Broadridge performance universe and Morningstar Category, and its benchmark index, for the one-year, three-year, five-year and ten-year periods ended June 30, 2025.

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With respect to the Carillon Chartwell Small Cap Growth Fund, the Board considered a number of factors regarding performance, including that the Fund outperformed the median of its Broadridge performance universe and Morningstar Category, and its benchmark index, for the one-year, three-year, and five-year periods ended June 30, 2025.

<u>Fees and Expenses</u>. The Board considered the advisory fee rate payable by each fund to Carillon Tower under the Agreements, the subadvisory fee rate payable by Carillon Tower to ClariVest, Eagle, Scout and Chartwell, each fund's total expense ratio and its Rule 12b-1 fees. The Board considered that the subadvisory fee rate paid by Carillon Tower to ClariVest, Eagle, Scout or Chartwell, as applicable, is identical to the advisory fee rate paid to Carillon Tower by a Fund. The Board also considered the advisory fee rates paid to ClariVest, Eagle, Scout and Chartwell for any other accounts each subadviser manages in the same strategy as the relevant Fund. In addition, the Board considered comparisons of each fund's total expenses, based on data for the Fund's latest fiscal year end, to the median total expenses of the applicable Fund's Broadridge expense group and expense universe. The Board noted that Carillon Tower provides management and administrative services to the Funds pursuant to separate advisory and administration agreements. The Board considered that many mutual funds have entered into one contract with an adviser governing these services, and observed that the actual management fee rates provided by Broadridge for peer group funds reflect the combined advisory and administrative fees, reduced by any fee waivers and/or reimbursements.

The Board considered that Carillon Tower had undertaken contractual expense limitations with respect to the Funds. The Board considered that, to the extent that Carillon Tower waives its advisory fee or reimburses expenses, the amount that Carillon Tower pays to ClariVest, Eagle, Scout or Chartwell is reduced by an equal amount. The Board also considered that, if Carillon Tower subsequently recoups previously waived advisory fees or reimbursed expenses from a Fund for which ClariVest, Eagle, Scout or Chartwell is a subadviser, Carillon Tower makes a payment to ClariVest, Eagle, Scout or Chartwell in an amount equal to the recoupment. The Board considered that, prior to May 1, 2025, the preceding arrangement was not in place with respect to Eagle.

With respect to the Carillon ClariVest Capital Appreciation Fund, the Board considered that the Fund's contractual advisory fee and actual advisory fee were lower than the median of its Broadridge expense group and expense universe.

With respect to the Carillon ClariVest International Stock Fund, the Board considered that the Fund's contractual advisory fee and actual advisory fee were higher than the median of its Broadridge expense group and expense universe.

With respect to the Carillon Eagle Growth & Income Fund, the Board considered that the Fund's contractual advisory fee and actual advisory fee were lower than the median of its Broadridge expense group and expense universe.

With respect to the Carillon Eagle Mid Cap Growth Fund, the Board considered that the Fund's contractual advisory fee and actual advisory fee were lower than the median of its Broadridge expense group and expense universe.

With respect to the Carillon Eagle Small Cap Growth Fund, the Board considered that the Fund's contractual advisory fee and actual advisory fee were lower than the median of its Broadridge expense group and expense universe.

With respect to the Carillon Scout Mid Cap Fund, the Board considered that the Fund's contractual advisory fee and actual advisory fee were higher than the median of its Broadridge expense group and expense universe.

With respect to the Carillon Reams Core Bond Fund, the Board considered that the Fund's contractual advisory fee was higher than the median of its Broadridge expense group and expense universe, and its actual advisory fee was lower than the median of its Broadridge expense group and expense universe.

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With respect to the Carillon Reams Core Plus Bond Fund, the Board considered that the Fund's contractual and actual advisory fees were higher than the median of its Broadridge expense group and expense universe.

With respect to the Carillon Reams Unconstrained Bond Fund, the Board considered that the Fund's contractual advisory fee was higher than the median of its Broadridge expense group and lower than the median of its Broadridge expense universe, and its actual advisory fee was lower than the median of its Broadridge expense group and expense universe.

With respect to the Carillon Chartwell Real Income Fund, the Board considered that the Fund's contractual and actual advisory fees were higher than the median of its Broadridge expense group and expense universe.

With respect to the Carillon Chartwell Mid Cap Value Fund, the Board considered that the Fund's contractual advisory fee was equal to the median of its Broadridge expense group and expense universe, and its actual advisory fee was lower than the median of its Broadridge expense group and expense universe.

With respect to the Carillon Chartwell Short Duration High Yield Fund, the Board considered that the Fund's contractual advisory fee and actual advisory fee were lower than the median of its Broadridge expense group and expense universe.

With respect to the Carillon Chartwell Small Cap Fund, the Board considered that the Fund's contractual advisory fee and actual advisory fee were lower than the median of its Broadridge expense group and expense universe.

With respect to the Carillon Chartwell Small Cap Value Fund, the Board considered that the Fund's contractual advisory fee was equal to the median of its Broadridge expense group and higher than the median of its Broadridge expense universe, and its actual advisory fee was lower than the median of its Broadridge expense group and expense universe.

With respect to the Carillon Chartwell Small Cap Growth Fund, the Board considered that the Fund's contractual advisory fee and actual advisory fee were lower than the median of its Broadridge expense group and expense universe.

<u>Costs, Profitability and Economies of Scale</u>. The Board considered Carillon Tower's estimated costs and profitability in providing services to the Funds, consolidated with the Funds' subadvisers. The Board also considered that each subadviser is an indirect wholly-owned subsidiary of RJF. The Board considered that, because the subadvisory fee rate paid by Carillon Tower to ClariVest, Eagle, Scout or Chartwell, as applicable, is identical to the advisory fee rate paid to Carillon Tower, Carillon Tower retains none of the advisory fees received from the Funds. In addition, the Board considered that the estimated costs and profitability of ClariVest, Eagle, Scout and Chartwell generally are less significant to the Board's evaluation of the fee rates and expenses paid by a Fund than Carillon Tower's advisory fee rate and estimated profitability and the Funds' overall expense ratios. The Board also considered the management services that Carillon Tower provides to each fund.

In addition, the Board considered that the advisory fee rate structures for certain of the Funds provide for breakpoints, which are a reduction of the applicable fee rate as assets increase. The Board also considered that each fund may benefit from economies of scale, and shareholders may realize such economies of scale, through: (1) reduced advisory fees achieved when a Fund's asset size reaches breakpoints in the fee schedules instituted by Carillon Tower; and/or (2) allocation of fixed expenses over a larger asset size.

<u>Benefits</u>. In evaluating compensation, the Board considered benefits that may be realized by Carillon Tower, ClariVest, Eagle, Scout, Chartwell and their respective affiliates from their relationships with the Funds. The Board took into consideration that Carillon Tower and its affiliates have entered into revenue sharing agreements with third parties for the promotion and sale of Fund shares. The Board also considered that the Funds compensate Carillon Tower for providing administrative services. The Board further considered that, as the Funds' principal underwriter and distributor, CFD receives Rule 12b-1 payments from the Funds to compensate it for providing services and distribution activities. The Board

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considered that these activities could lead to growth in the Funds' assets and the corresponding benefits of that growth, including economies of scale and greater diversification, as well as an increase in the asset-based advisory and subadvisory fees paid to Carillon Tower, ClariVest, Eagle, Scout and Chartwell. The Board considered that ClariVest does not enter into formal soft dollar arrangements. The Board also considered that Carillon Tower has entered into sales and marketing agreements with ClariVest, Eagle, Chartwell and Scout, pursuant to which ClariVest, Eagle Chartwell and Scout pay Carillon Tower a fee for performing marketing and client services for the Funds and other clients of ClariVest, Eagle, Chartwell and Scout.

<u>Conclusions</u>. The Board, including a majority of the Independent Trustees, concluded with respect to the Funds that: (1) the fees paid to Carillon Tower and each of ClariVest, Eagle, Scout and Chartwell under the Agreements are fair and reasonable; and (2) the Funds and their shareholders would benefit from Carillon Tower's, ClariVest's, Eagle's, Scout's and Chartwell's continued management of the applicable Funds.

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**Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies**

The information is disclosed as part of the Financial Statements included in Item 7 of this Form N-CSR.

**Item 9. Proxy Disclosures for Open-End Management Investment Companies**

The information is disclosed as part of the Financial Statements included in Item 7 of this Form N-CSR.

**Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies**

The information is disclosed as part of the Financial Statements included in Item 7 of this Form N-CSR.

**Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract**

The information is disclosed as part of the Financial Statements included in Item 7 of this Form N-CSR.

**Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies**

Not applicable to the Trust.

**Item 13. Portfolio Managers of Closed-End Management Investment Companies**

Not applicable to the Trust.

**Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers**

Not applicable to the Trust.

**Item 15. Submission of Matters to a Vote of Security Holders**

There have been no material changes to the Trust's Nominating Committee Charter, which sets forth procedures by which shareholders may recommend nominees to the Board, since the Trust last provided disclosure in response to this item.

**Item 16. Controls and Procedures**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Trust's Principal Executive Officer and Principal Financial Officer evaluated the Trust's
 disclosure controls and procedures within 90 days of this filing and have concluded that the Trust's disclosure controls and procedures
 (as defined in Rule 30a-3(c) under the Investment Company Act) are appropriately designed to ensure that information required to be disclosed
 by the Trust in the reports that it files on Form N-CSR (a) is recorded, processed, summarized and reported, within the time periods specified
 in the rules and forms adopted by the U.S. Securities and Exchange Commission; and (b) is accumulated and communicated to the Registrant's
 management, including its principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) There was no change in the internal controls over financial reporting (as defined in Rule 30a-3(d) under the
 Investment Company Act) of the Trust that occurred during the period covered by this report that has materially affected, or is reasonably
 likely to materially affect, its internal control over financial reporting.

**Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies**

Not applicable to the Trust.

**Item 18. Recovery of Erroneously Awarded Compensation**

Not applicable to the Trust.

**Item 19. Exhibits**

(a)(1) [Code of Ethics pursuant to Item 2 of Form N-CSR is filed and attached hereto as Exhibit 99.CODEETH.](cmf-efp22695_coe.htm)

(a)(2) Not applicable to the Trust.

(a)(3) [The certifications required by Rule 30a-2(a) of the Investment Company Act, are filed and attached hereto as Exhibit 99.CERT.](cmf-efp22695_ex99cert.htm)

(a)(4) Not applicable to the Trust.

(a)(5) Not applicable.

(b) [The certification required by Rule 30a-2(b) of the Investment Company Act, and Section 1350 of Chapter 63 of Title 18 of the United States Code, is filed and attached hereto as Exhibit 99.1350CERT.](cmf-efp22695_ex91350cert.htm)

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Trust has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  |  | CARILLON SERIES TRUST |
| Date: | February 26, 2026 | /s/ Susan L. Walzer |
|  |  | Susan L. Walzer |
|  |  | Principal Executive Officer |

---

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Trust and in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
|  |  | CARILLON SERIES TRUST |
| Date: | February 26, 2026 | /s/ Susan L. Walzer |
|  |  | Susan L. Walzer |
|  |  | Principal Executive Officer |
| Date: | February 26, 2026 | /s/ Carolyn Gill |
|  |  | Carolyn Gill |
|  |  | Principal Financial Officer |

---

## Ex-99.Code

**EX.99.CODE ETH**

![](coe.jpg)

**Code of Ethics for the Principal Executive Officer and Treasurer of the Carillon Series Trust**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Covered
 Officers and Purposes of this Code

This code of ethics ("Code") applies to the Principal Executive Officer and the Treasurer (the "Covered Officers") of the Carillon Series Trust (a "Trust"). The Code serves to promote:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Honest
 and ethical conduct, including the ethical handling of actual or apparent conflicts of interest
 between personal and professional relationships;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Full,
 fair, accurate, timely and understandable disclosure in reports and documents that a Trust
 files with, or submits to, the SEC and in other public communications made by a Trust;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Compliance
 with applicable laws and governmental rules and regulations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. The
 prompt internal reporting of violations of the Code to an appropriate person or persons identified
 in the Code; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Accountability
 for adherence to the Code.

Each Covered Officer should adhere to a high standard of business ethics and should be sensitive to situations that may give rise to actual as well as apparent conflicts of interest.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Covered
 Officers Should Resolve Ethically Any Actual or Apparent Conflicts of Interest

For purposes of this Code, a "conflict of interest" occurs when a Covered Officer's "personal interests" interfere with the interests of, or his or her service to, a Trust. For example, a conflict of interest would arise if a Covered Officer, or a member of his or her family, receives improper personal benefits as a result of the Covered Officer's position with a Trust.

Certain conflicts of interest arise out of the relationships between Covered Officers and a Trust and already are subject to conflict of interest provisions in the Investment Company Act of 1940, as amended ("1940 Act"), and the Investment Advisers Act of 1940, as amended ("Advisers Act"). For example, Covered Officers may not engage individually in certain transactions (such as the purchase or sale of securities or other property) with a Trust because of their status as "affiliated persons" of a Trust.

Conflicts also may arise from a Covered Officer's position or employment at Carillon Tower Advisers, Inc. ("CTA"), the Trusts' manager, and his or her position with the Trust. This Code recognizes that the Covered Officers, in the normal course of their duties (whether formally for a Trust or for CTA, or for both), will be involved in establishing policies and implementing decisions that will have different effects on CTA and each Trust. The participation of the Covered Officers in such activities is inherent in the contractual relationship between a Trust and CTA and is consistent with the performance by the Covered Officers of their duties as officers of each Trust. Thus, if performed in conformity with the provisions of the 1940 Act and the Advisers Act, such activities will be deemed to have been handled ethically.

Other conflicts of interest are covered by the Code, even if such conflicts of interest are not subject to provisions in the 1940 Act and the Advisers Act. The following list provides examples of conflicts of interest under the Code, but Covered Officers should keep in mind that these examples are not exhaustive. The overarching principle is that the personal interest of a Covered Officer should not be placed improperly before the interest of a Trust. Thus, a Covered Officer should not:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Use
 personal influence or personal relationships improperly to influence investment decisions
 or financial reporting by a Trust whereby the Covered Officer would benefit personally to
 the detriment of a Trust; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Cause
 a Trust to take action, or fail to take action, for the personal benefit of the Covered Officer,
 rather than the benefit of a Trust.

At times, certain situations may arise that may, or may not be, considered conflicts of interest under this Code. Covered Officers are encouraged to discuss such situations with legal counsel to the Trusts if they are concerned that the situation poses a conflict of interest to him or her. Examples of these types of situations include:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Service
 as director on the board of any public or private company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. The
 receipt of any non-nominal gifts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. The
 receipt of any entertainment from any company with which a Trust has current or prospective
 business dealings unless such entertainment is business-related, reasonable in cost, appropriate
 as to time and place, and not so frequent as to raise any question of impropriety;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Any
 ownership interest in, or any consulting or employment relationship with, any of the Trusts'
 service providers, other than CTA, or any affiliated person thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. A
 direct or indirect financial interest in commissions, transaction charges or spreads paid
 by a Trust for effecting portfolio transactions or for selling or redeeming shares other
 than an interest arising from the Covered Officer's employment, such as compensation
 or equity ownership.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Disclosure
 and Compliance

It is Trust policy to make full, fair, accurate, timely and understandable disclosure in compliance with all applicable laws and regulations in all reports and documents that the Company files with, or submits to, the SEC and in all other public communications made by the Trust. Covered Officers are required to promote compliance with this policy by all employees and to abide by Trust standards, policies and procedures designed to promote compliance with this policy. Thus, a Covered Officer shall

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Familiarize
 himself or herself with the disclosure requirements generally applicable to each Trust;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Not
 knowingly misrepresent, or cause others to misrepresent, facts regarding a Trust to others,
 whether within or outside a Trust, including to each Trust's Trustees and auditors,
 and to governmental regulators and self-regulatory organizations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. To
 the extent appropriate, within his or her area of responsibility, consult with other officers
 and employees of each Trust and CTA with the goal of promoting full, fair, accurate, timely
 and understandable disclosure in the reports and documents a Trust files with, or submits
 to, the SEC and in other public communications made by a Trust; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Promote
 compliance with the standards and restrictions imposed by applicable laws, rules and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Reporting
 and Accountability

Each Covered Officer must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Upon
 adoption of the Code (or thereafter as applicable, upon becoming a Covered Officer), affirm
 in writing to the Board of Trustees ("Board") that he or she has received, read,
 and understands the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Annually
 thereafter affirm to the Board that he or she has complied with the requirements of the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Not
 retaliate against any other Covered Officer or any employee of a Trust or their affiliated
 persons for reports of potential violations that are made in good faith;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Notify
 the Compliance Committee ("Committee") promptly if he or she knows of any violation
 of this Code (failure to do so is itself a violation of the Code); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Report
 at least annually any affiliations or other relationships related to conflicts of interest
 in accordance with a Trust's Trustees and Officers Questionnaire.

The Committee is responsible for applying this Code to any specific situations presented to it and has the authority to interpret this Code in any particular situation. Any approvals or waivers sought by Covered Officers shall be considered by the Committee.

The Committee in investigating and enforcing this Code and will use the following procedures:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. The
 Committee will take all appropriate action to investigate any potential violations reported
 to the Committee;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. If,
 after such investigation, the Committee believes that no violation has occurred, no further
 action is required;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. If
 the Committee believes that a violation has occurred, it will inform and make a recommendation
 to the Board, which will consider appropriate action, which may include review of, and appropriate
 modifications to, applicable policies and procedures; notification to appropriate personnel
 of the investment adviser or its board; or a recommendation to dismiss the Covered Officer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. The
 Committee will be responsible for granting waivers, as appropriate; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. Any
 changes to or waivers of this Code will, to the extent required, be disclosed as provided
 by SEC rules.

The Committee may retain appropriate counsel or other experts to assist and to perform the foregoing duties and its other duties under this Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Other
 Policies and Procedures

This Code shall be the sole code of ethics adopted by each Trust for purposes of Section 406 of the Sarbanes-Oxley Act of 2002 and the rules and forms applicable to registered investment companies thereunder. Any other policies or procedures of a Trust, CTA, or other service providers that govern or purport to govern the behavior or activities of the Covered Officers who are subject to this Code are to be interpreted and enforced in conjunction with this Code. The codes of ethics under Rule 17j-1 under the 1940 Act for the Trust and Eagle contain separate requirements applying to the Covered Officers and others and are not part of this Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Amendments

Any amendments to this Code must be approved or ratified by a majority vote of the Board, including a majority of independent Trustees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Confidentiality

All reports and records prepared or maintained pursuant to this Code will be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law or this Code, such matters shall not be disclosed to anyone other than the Board, Trust counsel and CTA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Internal
 Use

The Code is intended solely for the internal use by each Trust and does not constitute an admission, by or on behalf of any Trust, as to any fact, circumstance, or legal conclusion.

## Ex-99.Cert

**CARILLON SERIES TRUST**

**FORM N-CSR**

**Exhibit 99.CERT**

**Exhibit (a)(3)**

**<u>CERTIFICATION</u>**

I, Susan L. Walzer, certify that:

1. I have reviewed this report on Form N-CSR of Carillon Series Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Dated: <u>February 26, 2026</u>

---

| |
|:---|
| /s/ Susan L. Walzer |
| Susan L. Walzer |
| Principal Executive Officer |

---

**CARILLON SERIES TRUST**

**FORM N-CSR**

**Exhibit 99.CERT**

**Exhibit (a)(3)**

**<u>CERTIFICATION</u>**

I, Carolyn Gill, certify that:

1. I have reviewed this report on Form N-CSR of Carillon Series Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: <u>February 26, 2026</u>

---

| |
|:---|
| /s/ Carolyn Gill |
| Carolyn Gill |
| Principal Financial Officer |

---

## Exhibit 99.1350

**CARILLON SERIES TRUST**

**FORM N-CSR**

**Exhibit 99.1350CERT**

**Exhibit (b)**

**SECTION 1350 CERTIFICATION**

Pursuant to 18 U.S.C § 1350, each of the undersigned officers of Carillon Series Trust (the "Trust"), hereby certifies, to the best of such officer's knowledge, that the Trust's report on Form N-CSR for the period ended <u>December 31, 2025</u> (the "Report"), fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Trust as of, and for, the periods presented in the Report.

Date: <u>February 26, 2026</u> 

---

| |
|:---|
| /s/ Susan L. Walzer |
| Susan L. Walzer |
| Principal Executive Officer |

---

---

| |
|:---|
| /s/ Carolyn Gill |
| Carolyn Gill |
| Principal Financial Officer |

---

This certification is being furnished solely pursuant to 18 U.S.C. § 1350 and is not being filed as part of the Report or as a separate disclosure document.

A signed original of this written statement required by 18 U.S.C. § 1350 has been provided to the Trust and will be retained and furnished to the U.S. Securities and Exchange Commission or its staff upon request.