Fund Evaluator:

Carillon Chartwell Small Cap I Overview

Carillon Chartwell Small Cap I (UMBHX) is an actively managed U.S. Equity Small Growth fund. Carillon Family of Funds launched the fund in 1986.

The investment seeks long-term growth of capital. Under normal circumstances, the fund will invest at least 80% of its net assets (including amounts borrowed for investment purposes) in common stocks of small capitalization U.S. companies. The fund typically invests in common stocks, including U.S. dollar denominated securities of issuers based outside the U.S. (“foreign issuers”).

About Carillon Chartwell Small Cap I (UMBHX)

There are 2 members of the management team with an average tenure of 1.44 years: Theresa Tran (2025), Frank Sustersic (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 2000 Growth TR USD index with a weighting of 100%. Carillon Chartwell Small Cap I has 89 securities in its portfolio. The top 10 holdings constitute 25.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Carillon Chartwell Small Cap I is part of the Equity global asset class and is within the U.S. Equity fund group. Carillon Chartwell Small Cap I has 3.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 93.4%. There is 3.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Carillon Chartwell Small Cap I has 3.3% of the portfolio in cash.

Assets Under Management

The fund has $226 million in total assets, which is below the $454 million average for the Small Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

UMBHX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Carillon Chartwell Small Cap I expense ratio is high compared to funds in the Small Growth category. Carillon Chartwell Small Cap I has an expense ratio of 0.89%, which is 24% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Carillon Chartwell Small Cap I has a portfolio turnover rate of 154%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 76% for the Small Growth category.

Recently, in the month of June 2026, Carillon Chartwell Small Cap I returned 7.5%, which earned it a grade of B, as the Small Growth category had an average return of 6.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Carillon Chartwell Small Cap I has a trailing yield of 0.00%, which is below the 0.07% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Carillon Chartwell Small Cap I Grades

Year to date, the fund has returned 37.9%, 15.8 percentage points better than the category, which translates into a grade of A. The fund has returned 61.1% over the past year (grade of A), 24.5% over the past three years (grade of A) and 9.4% per year over the past five years (grade of A) and 15.0% per year over the past 10 years (grade of A).

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