Carillon Eagle Small Cap Growth Fund Q3 2025 Portfolio Update

Small-cap stocks sustained their positive momentum into the third quarter, with the Russell 2000® Growth Index advancing 12.19%, a performance level consistent with the previous quarter.

Analysis

Small-cap stocks demonstrated sustained positive momentum, extending their strong performance into the third quarter. The Russell 2000® Growth Index advanced by 12.19%, closely replicating its robust performance from the preceding quarter. This consistent growth trajectory highlights a resilient segment of the market.

This continued double-digit growth in the Russell 2000® Growth Index signals strong investor confidence and underlying strength in smaller, growth-oriented companies. The market's "strongly positive" sentiment (0.75 score) and "bullish" tone underscore a favorable environment for these assets, primarily driven by "Market Technicals & Flows."

The replication of prior quarter performance suggests that the drivers of small-cap growth momentum remain intact. This sustained technical strength could indicate a broader risk-on appetite among investors, potentially leading to continued outperformance for this specific index.

Key Decisions for Investors

• Consider increasing exposure to small-cap growth strategies given the sustained positive momentum and bullish sentiment.
• Monitor the Russell 2000® Growth Index for continued technical strength as a key indicator of market breadth and risk appetite.
• Evaluate individual small-cap growth holdings for fundamental alignment with the observed market tailwinds.