Raymond James Investment Management: investment adviser

RJIM has entered into a personnel-sharing arrangement with the affiliates, which, like RJIM are part of Raymond James Financial, Inc. Pursuant to this arrangement; certain employees of RJIM perform certain services for the affiliated investment advisers. These services may include research, sales, marketing, client services, compliance, and operational support to affiliated investment advisers. RJIM is a wholly owned subsidiary of Raymond James Financial, Inc. (“RJF”), New York Stock Exchange (“NYSE”) Ticker, based in St. Petersburg, Florida and organized as a corporation under the laws of Florida in 2014. Eagle Asset Management, Inc. (“Eagle”), Scout Investments Inc. (“Scout”) and Chartwell Investment Partners LLC (“Chartwell”) are wholly- owned subsidiaries of RJIM. RJIM has sub-advisory and/or service agreements with the following affiliated investment advisers: Eagle, Scout, ClariVest Asset Management LLC (“ClariVest”), Cougar Global Investments LLC (“Cougar”). ClariVest is an affiliate of RJIM and wholly-owned by Eagle. Cougar is an affiliate of RJIM and wholly-owned by Raymond James International Canada. RJIM, Eagle, Scout, Chartwell and ClariVest are investment advisers registered with the SEC. Cougar, based in Toronto, Ontario, is registered as a portfolio manager with the Ontario Securities Commission as well as an international adviser with the SEC. RJIM provides investment advisory services to the following groups of clients: • A group of non-registered investment companies (“Hedge Funds”) called the Carillon Tower Series Hedge Fund, LLC

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The Carillon Family of Mutual Funds, a group of mutual funds registered as Investment Companies with the United States Securities and Exchange Commission – see link below to review prospectus detailing Fund fees and investment objectives – www.rjinvestmentmanagement.com/our-funds/fundstrategies

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Separately managed accounts in the Carillon PRISM Quality Factor investment strategy. RJ Private Credit Income Fund, a Delaware statutory trust, non-diversified closed-end management investment company registered under the Investment Company Act that continuously offers its common shares of beneficial interest and is operated as an “interval fund”.

RJIM will select affiliated advisers to invest the assets in accordance with that Mutual Funds’ investment objective and strategies. Each affiliated adviser is responsible for the investment decisions made on behalf of its respective Fund. RJIM reserves the right to

terminate a hedge fund adviser, at its sole discretion, effective upon 60 days’ notice. If RJIM terminates an adviser, RJIM may, at its sole discretion, manage the assets of the Fund directly, replace the Adviser with another adviser selected by RJIM, or liquidate the Fund in certain circumstances.

It should be noted that limited partners in the Carillon Tower Series Hedge Fund might negotiate fees that are different from the fees outlined in the Fund offering documents. RJIM may assign the right to receive payment of all or any portion of the Fund Management Fee and/or the Incentive Allocation to any affiliate or third party. RJIM may reduce, waive or rebate the Fund Management Fee and/or Incentive Allocation with respect to any Fund investor including, without limitation, affiliates of RJIM, in such case without entitling any other Fund investor to the same or similar or identical reduction, waiver or rebate, and shall not be required to obtain the consent or approval of, or give notice to, any Fund investor. Advisory Fee Schedule (Fund) 2.00% annually Example 1,000,000 X 2.00% 20,000 / 365 x (#of days in month) January = $1,698.63 Advisory Services to the Carillon Family of Mutual Funds RJIM receives an advisory fee and an administrative fee (“Fees”) according to the fee schedules listed in the Carillon Funds’ Prospectus (“Prospectus”) and the Statement of Additional Information (“SAI”) for each Carillon Fund it manages. Clients can view the Prospectus and the SAI on the website www.carillontower.com. The Carillon Family of Mutual Funds Prospectus and SAI Information details the sub-advisory fee that RJIM pays to the affiliated advisers Eagle, ClariVest, Chartwell, and Scout.The Fees are calculated as a percentage of each Carillon Funds’ average daily net assets. The Fees accrue daily

and paid monthly. For each Carillon Funds’ mutual fund client, Eagle may reduce the Fees based on contractual or voluntary expense caps, which may result in fee waivers and reimbursements. Each Carillon Funds’ Board of Trustees renews the advisory contract and reviews the Fees Separately Managed Account Carillon PRISM Quality Factor investment strategy As compensation for the investment management services rendered to clients in the Carillon PRISM Quality Factor strategy, RJIM receives an advisory fee pursuant to an investment advisory agreement with the client which can range from 0.25% to 0.50%. The fee is calculated based on a percentage of net assets in the account at each calendar quarter end. The advisory fee is detailed in the client investment management agreement. RJIM Administrative Services to Affiliates RJIM provides administrative services to affiliates in accordance with service agreements between subsidiary and/or affiliated companies. The services include but are not limited to, Portfolio Accounting, Compliance, Marketing, and other administrative functions. These services fees are paid by the affiliate and not any Fund. As noted under item 4, RJIM has entered into a personnel-sharing arrangement with affiliated investment advisers under which “associated persons” of RJIM participate in providing services to affiliated advisers. General Information about Fees Refunds of Pre-Paid and Unearned Advisory Fees Either party to RJIM’s Advisory Contracts may terminate the contract at any time upon written notice to the other party. If an Advisory Contract is terminated, RJIM will promptly refund to the Fund any unearned and pre-paid advisory fees. Portfolio Values for Fee Calculations Although a Funds’ investments are generally valued by the Administrator or its delegate in accordance with the valuation procedures summarized in each Fund’s offering memorandum, there will be certain investments of a Fund, which may not be readily valued and as to which the Administrator, or its delegate, may rely upon the advice of RJIM and/or the adviser in determining the appropriate means of valuation. The valuation of Fund assets and liabilities affects both reported performance as well as the calculation of the Management Fee and Incentive Allocation, where applicable. Accordingly, the advice of RJIM and/or affiliated Adviser to some extent may have an effect on the level of compensation received by RJIM and/or affiliated adviser. In addition, the Fund’s LLC Agreement provides RJIM with broad discretion as to the determination or resolution of a wide variety of matters, including economic and tax allocations, distributions and other issues, any one of which could significantly affect a particular Fund investor.

Additional Expenses If a RJIM affiliated adviser invests a Fund’s assets in a mutual fund, or exchange-traded fund, the Fund may incur additional expenses and fees as an owner of those mutual or exchange traded funds. These additional expenses may include: advisory/management fees, distribution fees, administrative expenses, and other fund operating expenses. Fund Investors wishing to obtain more information about the fees and expenses that may apply due to investing in mutual funds or exchange-traded funds should contact RJIM. Fund investors may also obtain more information by reviewing the relevant prospectus(es) for the underlying mutual funds or exchange-traded funds in which the Funds’ assets are invested. Services to Family and Friends of RJIM Certain family members or friends of RJIM and or its affiliated advisers may invest in the Carillon Tower Series Hedge Funds without charge, or for fee rates that are lower than the rates available to other Fund partners. RJIM Employees may invest in the Carillon PRISM Quality Factor investment strategy at a discounted fee or without charge.

RJIM may receive compensation from the Adviser pursuant to a separate service level agreement between RJIM and the Adviser, which may or may not be directly linked to the Incentive Allocation received by the Adviser. The “Measurement Period” is generally a calendar year. If a Fund investor withdraws Interests other than at the end of a calendar year, the Withdrawal Date will be treated as the last day of the Measurement Period for the withdrawn Interests. Accordingly, an Incentive Allocation will be made on amounts withdrawn from a Fund investor’s Book Capital Account(s), and the withdrawal amounts payable to such Fund investor will be reduced by the amount of the Incentive Allocation made in respect of such withdrawn amounts. In order to calculate the Incentive Allocation, the Fund maintains a memorandum loss recovery account for each Book Capital Account of each Fund investor (a “Loss Recovery

Account”), the opening balance of which is zero. At the end of each Measurement Period and before giving effect to any withdrawals, any aggregate losses allocated to a Fund investor’s Book Capital Account for that Measurement Period will be added to the Loss Recovery Account and any aggregate profits (prior to the accrual of the Incentive Allocation for such Measurement Period) will be subtracted from the Loss Recovery Account. Each Loss Recovery Account will be reduced proportionately with respect to any partial withdrawals from the Book Capital Account to which such Loss Recovery Account relates. The balance in the Loss Recovery Account will never be reduced below zero for any Measurement Period. Performance Fee – Hedge Fund Valuation Methodology The net asset value (the “Net Asset Value”) of each Hedge Fund will be calculated by the Hedge Fund Administrator or its delegate on each Closing Date. Net Asset Value is calculated by taking the value of the securities held by the Series Fund plus any cash or other assets and subtracting all liabilities, including accrued expenses. In connection with such valuation, the Hedge Funds’ portfolio securities are valued as follows: 1. Listed portfolio securities are valued at the last reported sales price on the date of determination on the principal exchange on which such securities are traded or, if not available, at the mean between the exchange listed “bid” and “asked” price. 2. Over-the-counter securities are valued at the last reported sales price on the date of determination, if available, through the facilities of a recognized interdealer quotation system (such as securities in the NASDAQ National Market List). 3. If the last reported sales price is not available, over-the-counter securities are valued at the mean between the closing “bid” and “asked” prices. 4. If available, non-reporting bulletin board securities will be valued based upon prices negotiated by broker-dealers making a market in the securities or in other cases at cost. 5. Securities for which such market prices are not readily available shall be valued in such manner as shall be determined in good faith by the Administrator upon advice of RJIM and/or Adviser, under consideration of factors such as the type of security, marketability, restrictions on disposition, recent purchases of the same or similar securities by other investors, pending mergers or acquisitions, current financial position and operating results, and risks and potential of the security. 6. Any security in the form of an exchange-listed option will be valued at the closing “asked” price. 7. Forward currency exchange contracts will be valued at the current cost of covering or offsetting such contracts. The net asset value of a Hedge Fund Investor’s Book Capital Account (the “Book Capital

Account Value”) will be equal to that portion of the Net Asset Value of the relevant Hedge Fund (determined before taking into account the Hedge Funds’ expenses) allocated to that Hedge Fund investor’s Book Capital Account. The portion of the Hedge Funds’ expenses that is being charged to such Hedge Fund investor will then reduce each Hedge Fund investors’ Book Capital Account. The account(s) of each Hedge Fund are maintained in U.S. dollars. Assets and liabilities denominated in other currencies are converted at the rates of exchange in effect at the relevant valuation date and conversion adjustments are reflected in the results of operations. Portfolio transactions, income, and expenses are converted at the rates of exchange in effect at the time of each transaction. Prospective Hedge Fund investors should understand that these valuation practices and other special situations involving uncertainties as to the valuation of portfolio positions could have an impact on the Hedge Fund’s net assets if the Administrator’s and RJIM’s judgments regarding the appropriate valuation should be incorrect. Side-by-Side Management RJIM’s affiliates may manage similar strategies for accounts that are charged a performance fee and those that are not. There are times when an affiliate investment adviser may place the same or similar orders for their client accounts and a partnership respectively, and they may compete for the same or similar positions. The Hedge Funds include a performance incentive fee where the affiliated investment adviser and portfolio manager receive a portion of the Hedge Funds’ annual net profits. A manager may realize greater compensation from Hedge Fund performance versus other client account performance and may take greater risks managing the Hedge Fund versus other client accounts. In addition to utilizing the same resources, these Hedge Funds include partners who are RJIM and /or affiliated investment adviser employees. This may create a conflict of interest when these employees/partners provide services to the Hedge Fund. RJIM and/or affiliated investment advisers monitor trading of the Hedge Funds to ensure that all clients are treated equitably. See the affiliated investment advisers’ ADV Part 2, the Carillon Funds most recent prospectus and SAI on the Carillon Funds website, or the Carillon Series Hedge Fund’s PPM. In connection with providing investment management and advisory services to the Fund, the affiliate adviser acts independent of other affiliated investment advisers. Since the trading activities of RJIM affiliate investment advisers are not coordinated, each adviser may trade the same security at about the same time, on the same or opposite side of the market, thereby possibly affecting the price, amount or other terms of the trade execution, adversely affecting some or all clients in including the Funds. Side-by-Side Management by Affiliate Advisers RJIM affiliated investment advisers Eagle, Scout-Reams, ClariVest, Chartwell and Cougar

share internal equity and fixed income investment research. Our effort in this area includes performing industry and company research, employing reviews of corporate activities, conducting management interviews and interviews with industry and subject matter experts, analyzing company-prepared information, including financial information published by companies, and conducting on-site visits with participants in the industry, such as suppliers and competitors. Investment personnel and analysts of the affiliated investment advisers collaborate across investment strategies to assist in developing portfolio ideas on behalf of all clients to ensure that all clients benefit from the shared research platform. Execution of investment ideas and investment decisions are the exclusive responsibility of the portfolio managers named under the corresponding investment strategy according to each strategy’s philosophy and mandate.

Each Private Investment Fund imposes the minimum account size to open and maintain an account: RJIM reserves the right in its sole discretion to waive account minimums in certain circumstances. Carillon Tower Series Hedge Funds Balanced Multi-Asset ClariVest – Global Small Cap Series Scout – Small Mid Cap Eagle - Gibbs Equity Income Cougar – Global ETF Conservative Cougar – Global ETF Conservative Growth Cougar - Global ETF Moderate Growth Cougar - Global ETF Growth Chartwell – Small Cap

Carillon Family of Mutual Funds In late 2017, RJIM replaced its affiliate Eagle Asset Management as Adviser to the Carillon Family of Mutual Funds. RJIM entered into sub-advisory agreements with its affiliate advisers Eagle Asset Management, Scout Investments (including Reams Asset Management division), ClariVest Asset Management, and Chartwell Investment Partners

to continue to perform portfolio management of the Carillon Family of Mutual Funds. For more information on the Carillon Family of Mutual Funds and RJIM’s role, please visit: https://carillontower.com/-/media/rj/affiliate-sites/carillon-tower/funds/fundinformation/prospectus/loadfundsprospectus.pdf?la=en RJ Private Credit Income Fund The Fund’s primary investment objectives are to seek to generate attractive current income and preserve capital. Under normal market conditions, the Fund seeks to achieve its investment objectives by directly or indirectly investing (which for this purpose includes unfunded capital commitments) at least 80% of its assets (net assets, plus any borrowings for investment purposes) in private credit assets (“private credit”), with an emphasis on investing in “Investments Funds” that offer exposure to private credit and making direct loans. RJIM separately managed account strategies RJIM launched the RJIM PRISM Quality Factor investment strategy in March 2021 and PRISM Quality Factor Plus in 2022. These strategies are available to High Net Worth clients as a separately managed account.

RJIM affiliated advisers may give advice and take action for clients which differs from advice given or the timing or nature of action taken for other clients with different objectives. RJIM affiliated advisers are not obligated to initiate transactions for clients in any security which its principals, affiliates or employees may purchase or sell for their own accounts or for other clients. Investing in securities involves the risk of monetary loss, and clients investing their money should be prepared to bear that loss. None of the strategies for which RJIM or its affiliated advisers provides portfolio management services is a deposit in any bank, nor are those investment vehicles insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.

Equity Strategies - Objectives, Principal Investment Strategies, and Material Risks Note: The narrative discussion of each equity strategy includes a list of the material risks that may be associated with an investment in that strategy. A description of each of the named risks is included at the end of this Item 8, following the narrative discussion of all of the equity and fixed income strategies. Investment Programs RJIM investment adviser affiliates ClariVest. Eagle, Cougar and Scout provide investment advice to clients for the following principal objectives of the Carillon Series Hedge Fund: Objective -Manager Balanced MultiAsset Series

Eagle, ClariVest, Scout, Cougar, Chartwell

RJIM, adviser to the Carillon Family of Mutual Funds, has sub-advisory agreements with Eagle, Scout/Reams, ClariVest, and Chartwell. For Fund Fact sheets, including a description of the subadvisor please visit: https://www.carillontower.com/our-funds/fundinformation Carillon Mutual Fund

Affiliated Manager(s)

Carillon Eagle Growth & Income Fund Carillon Eagle Small Cap Growth Fund Carillon Eagle Mid Cap Growth Fund Carillon ClariVest Capital Appreciation Fund Carillon ClariVest International Stock Fund

Eagle Eagle Eagle ClariVest ClariVest

Carillon Reams Core Bond Fund Carillon Reams Core Plus Bond Fund Carillon Reams Unconstrained Bond Fund Carillon Scout Mid Cap Fund Carillon Scout Small Cap Fund Carillon Chartwell Mid Cap Value Fund Carillon Chartwell Small Cap Value Fund Carillon Chartwell Real Income Fund Carillon Chartwell Short Duration Bond Fund Carillon Chartwell Short Duration High Yield Fund RJIM Separately Managed Accounts

Scout/Reams Division Scout/Reams Division Scout/Reams Division Scout Scout Chartwell Chartwell Chartwell Chartwell Chartwell Portfolio Managers

RJIM PRISM Quality Factor RJIM PRISM High Active Alpha RJIM Direct Indexing S&P 500 Tax Managed RJIM Tactical Advantage Portfolios (“TAP”)

Steve Singleton, Omur Munoz Steve Singleton, Omur Munoz ClariVest Eagle Asset Management

RJIM Private Credit RJIM Private Credit Solutions

Karen Halliday, David Gibbs, Steve Masarik

RJIM PRISM Quality Factor and PRISM High Active Alpha To achieve long-term capital appreciation by acquiring a diversified selection of higher- quality stocks across all GIC Sectors. Stock selection is made from the Carillon P.R.I.S.M. Quality Factor components: low earnings variability, stable ROE and low debt/equity.

RJIM Direct Indexing S&P 500 Tax Managed The strategy seeks to provide a pre-tax return similar to the S&P 500®Index, while focusing on maximizing after-tax wealth by applying active tax management Tactical Advantage Portfolios (TAP) Portfolios are invested in liquid ETF’s along asset allocation bands that are tactically adjusted to take advantage of market opportunities and inefficiencies. RJIM Private Credit Solutions - RJ Private Credit Interval Fund - The Fund’s private credit investments may primarily be made through a combination of: (i) investments in companies and/or private investment vehicles (private funds that are excluded from the definition of “investment company” pursuant to Sections 3(c)(1) or 3(c)(7) of the Investment Company Act) and private and publicly-traded business development companies (“BDCs”).

Descriptions of Material Risks There are inherent risks involved for each investment strategy or method of analysis we use and the particular type of security we recommend. Investing in securities involves risk of loss, which you should be prepared to bear. Specific risks of our significant investment strategies include: Credit Risk – If debt obligations held by an account are downgraded by ratings agencies, go into default, or if management action, legislation or other government action reduces the issuers’ ability to pay principal and interest when due, the obligations’ value may decline and an account’s value may be reduced. Because the ability of an issuer of a lower-rated or unrated obligation (including particularly “junk” or “high yield” bonds) to pay principal and interest when due is typically less certain than for an issuer of a higher rated obligation, lower rated and unrated obligations are generally more vulnerable than higherrated obligations to default, ratings downgrades, and liquidity risk. Political, economic, and other factors also may adversely affect governmental issues. Derivatives Risk – A Fund’s investments in derivatives involve risks associated with the securities or other assets underlying the derivatives, as well as risks different or greater than the risks affecting the underlying assets. Risk unassociated with the underlying assets include the inability or unwillingness of the other party to a derivative to perform its obligations to an account, an account’s inability or delay in selling or closing positions in derivatives, and difficulties in valuing derivatives. Foreign Investment Risk – Investments in securities of foreign issuers may involve risks including adverse fluctuations in currency exchange rates, political instability, confiscations, taxes, or restrictions on currency exchange, difficulty in selling foreign investments, and reduced legal protection. These risks may be more pronounced for investments in developing countries.

Interest Rate Risk – When interest rates increase, the value of the Fund’s investments may decline and the account’s share value may decrease. This effect is typically more pronounced for intermediate and longer-term obligations. This effect is also typically more pronounced for mortgage and other asset-backed securities, since value may fluctuate more significantly in response to interest rate changes. When interest rates decrease, the account’s current income may decline. Liquidity Risk – Due to a lack of demand in the marketplace or other factors, an account may not be able to sell some or all of the investments promptly, or may only be able to sell investments at less than desired prices. Management Risk – Funds are actively managed portfolios. The accounts’ value may decrease if the adviser pursues unsuccessful investments or fails to correctly identify risks affecting the broad economy or specific issuers comprising the Fund. Market and Economic Risk – A Fund’s investment value may decline due to changes in general economic and market conditions. A security’s value held in an account may change in response to developments affecting entire economies, markets, or industries, including changes in interest rates, political and legal developments, and general market volatility. Prepayment Risk – Decreases in market interest rates may result in prepayments of obligations in the account, requiring the account to reinvest at lower interest rates. Real Estate Risk – A Fund’s investments in real estate investment trusts (“REITs”) are subject to risks affecting real estate investments generally (including market conditions, competition, property obsolescence, changes in interest rates and casualty to real estate), as well as risks specifically affecting REITs (the quality and skill of REIT management and the REIT’s internal expenses). Risks Affecting Specific Issuers – The value of an equity security or debt obligation may decline in response to developments affecting the specific issuer of the security or obligation, even if the overall industry or economy is unaffected. These developments may comprise a variety of factors, including but not limited to management issues or other corporate disruption, political factors adversely affecting governmental issuers, a decline in revenues or profitability, an increase in costs, or an adverse effect on the issuer’s competitive position. Smaller Company Risk – Investments in smaller companies may involve additional risks because of limited product lines, limited access to markets and financial resources, greatervulnerability to competition and changes in markets, lack of management depth, increased volatility in share price, and possible difficulties in valuing or selling the investments.

Structured Products Risk – A Fund’s investments in structured finance arrangements, including Collateralized Mortgage Obligations (CMOs), Collateralized Debt Obligations (CDOs), Collateralized Loan Obligations (CLOs), involve the risks associated with the underlying pool of securities or other assets, as well as risks different or greater than the risks affecting the underlying assets. In particular, these investments may be less liquid than other debt obligations, making it difficult for an account to value its investment or sell the investment in a timely manner or at an acceptable price. The above list of risk factors is not intended to be a complete list or explanation of the risks involved in an investment strategy. You are encouraged to consult your financial advisor, legal counsel, and tax professional on an initial and continuous basis in connection with selecting and engaging in the services provided by us. In addition, due to the dynamic nature of investments and markets, strategies may be subject to additional and different risk factors not discussed above

RJF and RJA may perform certain administrative services for RJIM. RJA engages in investment banking activities and may work with companies that issue securities RJIM-affiliated investment adviser may be trading. Since RJIM and RJA are affiliates, this may appear to be a conflict of interest. The potential conflict of interest is mitigated by RJA’s “Chinese Wall” policies and procedures, which prevent information from being disseminated to parties outside the Investment Banking division. In addition to RJA’s Chinese Wall procedures, RJIM has insider trading policies and procedures, which are designed to prevent and detect any misuse of non-public information.

Eagle Asset Management, Inc, (“Eagle”) is a wholly-owned subsidiary of RJIM. Eagle is an investment adviser registered with the SEC and acts as investment adviser to individuals, corporations, foundations, pension and profit sharing plans, state and municipal government entities. Eagle is a sub-advisor to various investment companies and wrap programs with unaffiliated broker dealers. RJIM provides certain administrative, marketing and compliance services to Eagle for a monthly fee. Scout Investments, Inc. (“Scout”) is a wholly-owned subsidiary of RJIM. Scout is an investment adviser registered with the SEC and acts as investment adviser to mutual funds, corporations, foundations, pension and profit sharing plans, state and municipal government entities. Reams Asset Management (“Reams”) is the fixed income division of Scout. RJIM provides certain administrative, marketing and compliance services to Scout/Reams for a monthly fee. Chartwell Investment Partners LLC (“Chartwell”) is a wholly-owned subsidiary of RJIM. Chartwell is an investment adviser registered with the SEC and acts as investment adviser to individuals, corporations, foundations, pension and profit sharing plans, state and municipal government entities. Chartwell is a sub-advisor to various investment companies and wrap programs with unaffiliated broker dealers. RJIM provides certain administrative, marketing and compliance services to Chartwell for a monthly fee. Carillon Fund Distributors, Inc. (“CFD”) is Eagle’s wholly-owned subsidiary. CFD is the Carillon Funds’ principal underwriter and distributor. In addition to selling Carillon Fund shares to its clients, CFD enters into selling agreements with affiliated and unaffiliated broker-dealers and other financial intermediaries to distribute and provide other services relative to the purchase of these shares. ClariVest Asset Management LLC (“ClariVest”) is an investment adviser registered with the SEC and wholly-owned by affiliated investment adviser Eagle. RJIM has contracted with ClariVest to provide investment management services for the Carillon Tower Series Hedge All Canada Fund. RJIM is affiliated with Raymond James Trust N.A. (“RJ Trust”) which is a wholly-owned subsidiary of RJF. RJIM is affiliated with Raymond James Bank, FSB (“RJ Bank”), which is also a wholly-owned subsidiary of RJF. RJ Bank offers a full range of banking services. RJIM is affiliated with Raymond James Insurance Group a wholly-owned subsidiary of RJF that acts as a general insurance agent. RJIM is affiliated with Cougar Global Investments Ltd. (“Cougar Global”) a solutionsfocused asset manager headquartered in Toronto, Canada. RJIM is affiliated with Raymond James Investment Services Limited a wholly-owned subsidiary of RJF that acts as the primary business unit offering investment management services to European clients. RJIM is affiliated with Charles Stanley Asset Management (“Charles Stanley”) an asset

manager headquartered in London, United Kingdom (UK) managing more than $2 billion registered with UK Financial Conduct Authority. RJIM is affiliated with Alex.Brown a division of Raymond James & Associates. RJIM is affiliated with 3 Macs (MacDougall, MacDougal & MacTier) a division of Raymond James Limited (Canada). Certain RJIM employees act as RJA registered representatives. These employees may receive additional compensation as registered representatives. RJIM's policy is to ensure that its investment advisory clients’ interests receive the highest priority. Such employees may recommend that a brokerage client invest in a RJIM product. The employee's compensation may be based, in part, on revenues RJIM earns in connection with the management of these products; thus, the employee may have an incentive to recommend that a client invest in a RJIM product. In such a situation, RJIM will ensure that the product is suitable for the client.

In addition to compensation arrangements discussed in Items 5 and 6, RJIM and its affiliates make certain intercompany payments to compensate each other for performing various administrative services, which may be terminated, modified, or suspended at any time.

RJIM employees may, on occasion, buy or sell securities for themselves that its affiliated advisers recommends or buys or sells for their client portfolios. However, such transactions may not be effected when they are adverse to clients’ interests. RJIM employees may not buy or sell securities for their own account until transactions of securities in Funds are completed. Obtaining pre-clearance for a trade does not guaranteethat the trade will not be reversed later should a portfolio manager effect a subsequent trade in the same security, even if the “access person” had no knowledge of the portfolio manager’s intent to effect that trade. All employees are prohibited from acquiring securities in any initial public offering.

RJIM employees must forward copies of confirmations for their brokerage accounts and accounts of immediate family members living in the same household, to the designated Compliance Officer. Confirmations will be cross referenced against the pre-clearance log to verify approval. Employees must submit required quarterly reports of securities transactions (or furnish brokerage statements) and must certify, at least annually, of receipt of and compliance with the Code of Ethics and Insider Trading Policy and Procedure. For a copy of the Code please call 1-800-237-3101 or write to: RJIM Compliance, 880 Carillon Parkway, PO Box 10520, St Petersburg, Florida, 33716.

See RJIM investment Adviser Affiliate’s Form ADV 2 for a description of their soft dollar arrangements and brokerage practices. Aggregation and Allocation Policies Aggregation RJIM delegates all portfolio management and trading decisions through sub-advisory agreements with affiliated investment advisers. RJIM affiliate investment advisers allocate aggregated orders on a pro rata basis. See RJIM investment Adviser Affiliate’s Form ADV 2 for a description of their brokerage practices. Trade order and potential conflicts In connection with providing investment management and advisory services to the Fund, the affiliate adviser acts independent of other affiliated investment advisers.Since the trading activities of RJIM affiliate investment advisers are not coordinated, each adviser may trade the same security at about the same time, on the same or opposite side of the market, thereby possibly affecting the price, amount or other terms of the trade execution, adversely affecting some or all clients in including the Funds.

The affiliate investment adviser’s portfolio managers’ investment methods and strategies may be used to manage similar accounts. There are times when affiliate investment adviser may place the same or similar orders for their client accounts and a partnership respectively, and they may compete for the same or similar positions. The Hedge Funds include a performance incentive fee where the affiliated investment adviser and portfolio manager receive a portion of the Hedge Funds’ annual net profits. A manager may realize greater compensation from Hedge Fund performance versus other client account performance and may take greater risks managing the Hedge Fund versus other client accounts. In addition to utilizing the same resources, these Hedge Funds include partners who are RJIM and /or affiliated investment adviser employees. This may create a conflict of interest when these employees/partners provide services to the Hedge Fund. RJIM and affiliated investment advisers monitor trading of the Hedge Funds to ensure that all clients are treated equitably. Public Offerings RJIM's affiliated investment adviser portfolio managers may purchase equity or debt securities. Subject to certain conditions and limitations, this may include offerings in which RJIM's affiliated broker-dealer, RJA, is a distribution participant. RJIM's affiliated investment adviser purchases will be through unaffiliated participants. Trade Errors When a RJIM affiliate investment adviser is responsible for trading errors, it is the policy of each affiliated investment adviser policy is to make the Fund whole by correcting the error, i.e., to restore the Fund to the position it would have been in if the error had not occurred. Selection of Broker-Dealers to Execute Transactions in Separately Managed accounts In exercising investment discretion over client accounts, or in responding to specific client instructions, RJIM through its affiliate Eagle Asset Management (“Eagle”) places orders with broker-dealers to execute transactions for the accounts. When trading errors occur for which RJIM or Eagle is responsible, RJIM's policy is to make the client whole by correcting the error (i.e., to restore the client's account to the position it would have been in if the error had not occurred). The process of correction may result in cash shortfalls or overages and such amounts are credited or debited to RJIM or Eagle's trading error account. Clients typically give RJIM and its affiliate Eagle the authority to determine which broker-dealer will execute transactions. Eagle may, from time to time, direct transactions through RJA, its brokerdealer affiliate, unless the client prohibits trading through an affiliate. Where Eagle has the authority to select the broker-dealer, Eagle's objective in effecting portfolio transactions is to use its best efforts to obtain the best available price and most favorable execution.

Brokerage Practices When clients grant Carillon and Eagle brokerage discretion, RJIM and Eagle's general policy is to use its best efforts to obtain the best available price and most favorable execution for all portfolio transactions executed on its clients’ behalf. "Best available price and most favorable execution" is defined to mean the execution of a particular transaction at the price and commission that provides the most favorable cost or proceeds reasonably obtainable under the circumstances. However as explained more fully later in this section, RJIM and Eagle may pay higher (i.e., more than the lowest available commission rate) commissions in return for brokerage and research services. When selecting broker-dealers to execute clients' portfolio transactions, Eagle considers such factors as the security price, commission rate, size and difficulty of execution of the order, the reliability, integrity, financial condition, general execution and operational capabilities of competing brokers and dealers, and the brokerage and research services they provide. It is not Eagle’s policy to seek the lowest available commission rate where it believes that a broker or dealer charging a higher commission rate would offer greater reliability or provide better price or execution. Eagle also uses electronic crossing networks (ECNs), crossing networks, and algorithmic trading programs to select brokers. As a general policy, Eagle and its affiliates do not receive rebates or payments for order flow with ECNs or other broker-dealers, despite the ability to receive them. If Eagle receives a rebate or payment for order flow, it allocates them in the clients’ best interests. Aggregation and Allocation Policies RJIM and Eagle may determine that the purchase or sale of a particular security is appropriate for more than one client account and may aggregate client orders into one order (“Block Orders”) for execution purposes. Block trading can avoid the adverse effect on a security’s price when simultaneous separate and competing orders placed. When aggregating orders and subsequently allocating Block Orders (purchases and sales) to individual client accounts, it is RJIM and Eagle's policy to treat all clients fairly and to achieve an equitable distribution of aggregated orders. All non-holders of a given security are initially included to receive approximately equal percentage position sizes in block (aggregated) order allocations prior to purchase orders being placed. All holders of a given security are initially included in block sale allocations prior to the orders being placed. Price averaging is used for trades executed in a series of transactions on the same day in the same objective with the same broker. RJIM, through Eagle, allocates aggregated orders on a pro rata basis. In the event of a partial fill of an aggregated order, RJIM accounts will receive a pro rata allocation if there are enough shares executed for each account. For example, if Eagle placed an order for 50,000 shares and 25,000 shares were executed, Eagle would prorate the shares so that each RJIM account would get approximately half of what was entered. If for the same 50,000 shares order Eagle only executed a de minimis number of shares (for example, 1,000 shares), Eagle would allocate shares to the RJIM accounts that had high cash (in the case of a purchase) or low cash (in the case of a sale). On the following day, Eagle will repeat the order until all RJIM accounts received the appropriate allocation. Other possible criteria for allocating aggregated orders include the current concentration of holdings of the industry in question in the account. Some types of purchase or sale transactions cannot be included in aggregated orders. For instance, trades resulting from

the opening and closing of accounts, or from contributions to or withdrawals from existing accounts, often must be executed on an individual basis rather than aggregated with other trades. In such cases, clients may not receive as favorable executions as they might otherwise receive from aggregated orders.

Carillon PRISM Quality Factor and PRISM High Active Alpha Separately Managed Accounts - RJIM portfolio managers Steve Singleton and Omur Munoz review client accounts daily to ensure model weightings are accurate. Tax Considerations Unless specifically noted, tax efficiency is not a consideration in the management of RJIM Funds. Certain investments utilized may have unique and significant tax implications. Clients should consult with a tax professional prior to investing. IRS Circular 230 Disclosure: RJIM, its affiliates, agents, and employees are not in the business of providing tax, regulatory, accounting or legal advice. This brochure and any tax-related statements provided by RJIM are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.

Rules Rule 206(4)-1, (206(4)-3 and 206(4)-5 under the Investment Advisers Act, as amended. RJIM and the solicitors are not affiliated persons as defined in the Advisers Act. Education and Marketing Support RJIM actively educates consultants, broker-dealers, and other financial intermediaries (collectively, “Consultants”) about its advisory services and affiliated advisers. RJIM sponsors educational events where its representatives meet with Consultants and sometimes their clients. Occasionally, RJIM will use its own resources to pay for part of the costs associated with educational events. Fund investors should ask their Consultant for details of any RJIM payments they receive. Affiliates In addition to compensation arrangements discussed in Items 5 and 6, RJIM and its affiliates make certain intercompany payments to compensate each other for performing various administrative services, which may be terminated, modified at any time. Investment Management Consultants Referrals Institutional clients often hire consultants to search for investment managers, and these consultants often contact RJIM or its affiliated investment advisers as a candidate. Some consultants are also service providers to investment managers including RJIM, with respect to industry data and other information. Although this is an apparent conflict of interest, RJIM believes that its purchase of such services is separate from and has no bearing on the consultants’ activities in the conduct of their manager searches. Our purchase of these services is not a condition to be included in a manager search.

The Carillon Funds have financial statements that are audited annually by an independent accounting firm registered with and subject to inspection by the Public Company Accounting Oversight Board (PCAOB). If you have any questions on the information the custodian or RJIM provides, please contact your RJIM relationship manager.

We do not usually act on behalf of our clients in connection with legal proceedings, including class action settlements, involving securities held in client accounts. We recommend that you consult with your legal counsel for these matters. With respect to the Carillon Funds, JIM enters into sub advisory agreements with affiliate investment advisers, whereby RJIM grants affiliated investment adviser sole investment authority and the affiliate investment adviser assumes the investment duties relating to Funds.