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A copy of the letter can be downloaded here. Major U.S. equity indices delivered positive returns in the fourth quarter, while the Russell Midcap® Index return lagged with nominal positive gains. Strong corporate earnings revisions and lower short-term interest rates supported U.S. market returns. Investors’ focus on an optimistic 2026, and consensus outperformed the market amid long-term government shutdowns. High sector return dispersion was observed in the Russell Midcap Index, with healthcare, materials, and IT leading. However, investors’ bias towards higher beta and more cyclical stocks led Communication services, real estate, and utilities to lag in the quarter.  The fund expects the Midcap equities to trade higher in 2026, supported by broader market involvement, though this view aligns with consensus. U.S. market index earnings are projected to grow significantly in 2026 despite price-to-earnings ratios being higher than historical averages.  Please review the Fund’s top five holdings to gain insights into their key selections for 2025.In its fourth-quarter 2025 investor letter, Carillon Scout Mid Cap Fund highlighted stocks like Encompass Health Corporation (NYSE:EHC). Encompass Health Corporation (NYSE:EHC) is a leading inpatient rehabilitation services provider. On March 20, 2026, Encompass Health Corporation (NYSE:EHC) stock closed at $95.86 per share. One-month return of Encompass Health Corporation (NYSE:EHC) was -9.69%, and its shares lost 4.10% over the past 52 weeks. Encompass Health Corporation (NYSE:EHC) has a market capitalization of $9.645 billion.Carillon Scout Mid Cap Fund stated the following regarding Encompass Health Corporation (NYSE:EHC) in its fourth quarter 2025 investor letter:"Encompass Health Corporation (NYSE:EHC) operates in-patient rehabilitation facilities (IRFs), specialty hospitals focused on patients requiring high degrees of care. Encompass shares lagged as capital rotated into more aggressive industries within healthcare, and because management commentary was viewed as setting a conservative bar for 2026. Management has a history of keeping expectations in check, so we think the company will likely clear this initial outlook. Encompass is the only company to be meaningfully expanding IRF beds at a time when demand is healthy, so we believe Encompass could be positioned to continue to compound value over time."Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersBTC-USD Bitcoin USD 70,717.07 +2,294.12 (+3.35%)GC=F Gold Apr 26 4,371.90 -203.00 (-4.44%)ANNA AleAnna, Inc. 7.07 +3.28 (+86.54%)GLD SPDR Gold Shares 413.38 -13.03 (-3.06%)FFAI Faraday Future Intelligent Electric Inc. 0.2698 -0.0311 (-10.34%)PortfolioSign in to access your portfolioSign inTop gainersPL Planet Labs PBC 33.83 +6.87 (+25.48%)PSNYW Polestar Automotive Holding UK PLC 5.25 +0.88 (+20.14%)YSS York Space Systems, Inc. 21.07 +3.39 (+19.17%)LBTYB Liberty Global Ltd. 14.17 +2.03 (+16.72%)SEDG SolarEdge Technologies, Inc. 51.69 +5.99 (+13.11%)Top losersSMCI Super Micro Computer, Inc. 20.53 -10.26 (-33.32%)SNEX StoneX Group Inc. 69.69 -33.99 (-32.78%)AAOI Applied Optoelectronics, Inc. 87.54 -14.38 (-14.11%)VICR Vicor Corporation 164.54 -25.59 (-13.46%)VST Vistra Corp. 146.02 -21.12 (-12.64%)Most activeCMCSA Comcast Corporation 29.02 +0.04 (+0.14%)SMCI Super Micro Computer, Inc. 20.53 -10.26 (-33.32%)NVDA NVIDIA Corporation 172.93 -5.40 (-3.03%)INTC Intel Corporation 43.87 -2.31 (-5.00%)F Ford Motor Company 11.52 -0.12 (-1.03%)Top economic eventsEarnings eventsMy earnings eventsEarnings events