Carillon ClariVest Capital Appreciation Fund

  • Overview


    ClariVest Asset Management, LLC is the subadviser to the Carillon ClariVest Capital Appreciation Fund and an affiliate of Carillon Tower Advisers, Inc. the Investment Adviser.

    The fund seeks capital appreciation by investing in companies that the portfolio management team believes have the potential for attractive long-term growth in earnings, cash flow and total worth of the company. In addition, the portfolio management team prefers to purchase stocks that appear to be undervalued in relation to the company’s long-term growth fundamentals.

    Investment Process

    The manager’s philosophy centers on two core beliefs about investing. First, all things (e.g., companies, industries, sectors and economies) cycle. Second, most people forget or inefficiently react to this first thing. The manager focuses on identifying companies that surprise the market by their participation in an earnings growth cycle. The team seeks to earn excess return as corresponding investor cynicism about this participation declines from elevated levels.

    Initial investments are focused on companies that have recently entered or are extending an earnings cycle. They tend to have an improving foundation of earnings, cash flow, sales, etc., and are typically surrounded by some level of cynicism or investor neglect.

    The selection process is built on the idea that good investing discipline starts with an explicit identification of what one is looking for combined with the willingness and ability to look broadly for it. The manager believes quantitative tools are particularly good at addressing both these requirements. They force the investor to clearly identify the type of investment opportunity he or she seeks while allowing the investor to objectively look across a broad universe for those opportunities.

    Starting the process with quantitative tools provides confidence that opportunities fit within the team’s philosophy but the manager believes that the subjective nature of investing requires the steady hand of an experienced professional. The manager’s long-tenured investment professionals use their judgment and expertise to confirm potential investment ideas uncovered by the process. The final decision is theirs to make.


    • Take advantage of the breadth provided by quantitative tools and the depth of qualitative analysis to identify both the rewards and the risks associated with potential investments
    • Maximize portfolio diversification through explicit early identification of the risks associated with each potential investment idea
    • Earn excess return by buying companies that “surprise” the market as they overcome negative or cynical sentiment

    A Word about Risk

    As with all equity investing, there is the risk that an unexpected change in the market or within the company itself may have an adverse effect on its stock. The biggest risk of equity investing is that returns can fluctuate and investors can lose money.

    Growth companies are expected to increase their earnings at a certain rate. When these expectations are not met, investors may punish the stocks excessively, even if earnings showed an absolute increase. Growth company stocks also typically lack the dividend yield that can cushion stock prices in market downturns.

    Investments in mid-cap and small-cap companies generally involve greater risks than investing in larger capitalization companies. Mid-cap companies often have narrower commercial markets, more limited managerial and financial resources, and more volatile trading than larger, more established companies.

    Quantitative risk involves the dependence on proprietary quantitative tools for security selection which may not be predictive of a security’s value.

  • Investment Team

    Ed Wagner, CFA

    Ed Wagner, CFA®

    Portfolio Co-Manager

    30 Years Of Industry Experience

    16 Years With ClariVest Asset Management

    Amanda Freeman, CFA

    Amanda Freeman, CFA®

    Portfolio Co-Manager

    7 Years Of Industry Experience

    7 Years With ClariVest Asset Management

    Frank Feng, Ph.D.

    Frank Feng, Ph.D.

    Portfolio Co-Manager

    27 Years Of Industry Experience

    18 Years With ClariVest Asset Management

    Todd Wolter, CFA

    Todd Wolter, CFA®

    Portfolio Co-manager

    29 Years of Industry Experience

    18 Years With ClariVest Asset Management

    Carillon Tower Advisers is the investment adviser for the Carillon Family of Funds and ClariVest Asset Management is the subadviser to the Carillon ClariVest Capital Appreciation Fund. Eagle Asset Management (a subadviser to certain funds of the Carillon Family of Funds) owns 100% of ClariVest Asset Management. Carillon Fund Distributors is a wholly owned subsidiary of Eagle Asset Management and Eagle Asset Management is a wholly owned subsidiary of Carillon Tower Advisers. All entities named are affiliates.

  • Price & Performance

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  • Holdings

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  • Resources

Please consider the investment objectives, risks, charges, and expenses of any fund carefully before investing. Call 1.800.421.4184 or your financial professional for a prospectus, which contains this and other important information about the funds. Read the prospectus carefully before you invest or send money.

Not FDIC insured. No bank guarantee. May lose value.

Carillon mutual funds may be offered only to persons in the United States and its territories, and by way of a prospectus. This website should not be considered a solicitation or offering of any Carillon mutual fund to investors residing outside the United States or its territories.

Carillon Fund Distributors®, Inc., Member FINRA. 880 Carillon Parkway, St. Petersburg, FL 33716