N-CSR 1 l39904a1nvcsr.htm RIDGEWORTH FUNDS nvcsr
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-06557
RidgeWorth Funds
 
(Exact name of registrant as specified in charter)
     
Citi Fund Services Ohio, Inc., 3435 Stelzer Road Columbus, Ohio   43219
     
(Address of principal executive offices)   (Zip code)
     
Citi Fund Services Ohio, Inc., 3435 Stelzer Road Columbus, Ohio  43219
 
(Name and address of agent for service)
    
Registrant’s telephone number, including area code: 614-470-8000
Date of fiscal year end: 03/31
Date of reporting period: 03/31/2010
     Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
     A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
 
 

 


 

Item 1. Reports to Stockholders.

 


 

(GRAPHIC)

 


 

TABLE OF CONTENTS
RIDGEWORTH FUNDS March 31, 2010
         
    1  
 
       
       
 
       
Equity Funds:
       
    3  
    5  
    7  
    9  
    11  
    13  
    15  
    17  
    19  
    21  
    23  
    25  
    27  
    29  
    31  
    33  
 
       
Allocation Strategies:
       
    35  
    37  
    39  
    41  
 
       
Schedules of Portfolio Investments
    43  
 
       
Statements of Assets and Liabilities
    92  
 
       
Statements of Operations
    96  
 
       
Statements of Cash Flows
    100  
 
       
Statements of Changes in Net Assets
    101  
 
       
Financial Highlights
    111  
 
       
Notes to Financial Statements
    120  
 
       
Report of Independent Registered Public Accounting Firm
    140  
 
       
Other Federal Tax Information
    141  
 
       
Trustees and Officers of the RidgeWorth Funds
    142  
 
       
Additional Information
    144  

 


 

LETTER TO SHAREHOLDERS
March 31, 2010
Dear Valued RidgeWorth Funds Shareholder,
Another year has passed and we are happy to report that the economy and the markets are very much improved since our last annual assessment. We are also very pleased to report that the RidgeWorth Funds continued to perform exceptionally well, winning two major Lipper performance awards for 2010. We will speak in a bit more detail to each of these important topics before concluding with some thoughts on what we might expect in the coming year.
But before doing that, we want to begin by thanking you, our valued RidgeWorth Funds shareholders. All of our efforts and successes are focused on and dedicated to helping you achieve your investing goals, and we are grateful that you have placed your confidence in us. It is our mission to earn that trust through all that we do.
A year ago, the world was deeply worried and even fearful about the precipitous decline in the U.S. and global economies and financial markets. Indeed, the concerns were not limited to the decline in growth or the massive loss of jobs. Many markets had become severely impaired and illiquid, putting an indelible stamp on this period in our history. Much of the root cause of the decline was due to an extended period of excessive debt growth ending in an over-leveraged economy vulnerable to any significant weakness. Housing, perhaps the most leveraged industry and asset, was at the epicenter of the crisis.
The decline in U.S. output was the most severe in magnitude and of the longest duration of the post-War era. Industrial production fell over 14%, home building fell nearly 80% to the lowest level on record, and over 8 million jobs were eliminated lifting the unemployment to its highest level in a quarter century. Real estate prices in particular were hard hit, and the losses and foreclosures have not yet run their course. The size and scope of these challenges was unprecedented in modern times and required an extraordinary policy response.
The Federal Reserve (the “Fed”) took early action, going well beyond traditional interest rate cuts. The first step was to announce rates would remain low for an “extended period.” The next major effort was to create special lending vehicles to help restore liquidity to many nonfunctioning markets. The third major step was to purchase mortgage-backed and Treasury securities. These efforts helped provide life support for frozen markets. The federal government also stepped in with huge stimulus programs intended to build roads, help buy cars, and extend benefits to unemployed workers among other initiatives.
The turning point for the economy came as businesses finished cutting output to the bone at a time when record fiscal and monetary stimulus flooded the economy. Layoffs began to slow, production improved, and the economy began growing in the second half of 2009. However, the pace of the recovery so far has been weaker than average, despite the severity of the downturn, and it has taken on a somewhat different shape. High debt levels appear to be holding back consumer spending and the growth in housing so far, while falling revenues caused state and local government outlays to contract. The relative positives have been in a stronger than average rebound in corporate spending on equipment and software and in international trade, both imports and exports. The “slack” in the labor market and the continued high levels of idle production capacity kept a lid on inflation pressures in the face of record levels of stimulus spending.
The financial markets responded very positively to the shift in economic momentum and the major equity and fixed-income indexes performed well in the 12 months ended March 31, 2010, in stark contrast to the weak performance from the previous year. The S&P 500 Index1 generated a 49.73% total return for the period compared with a -38.06% return in the previous 12 months, while the Barclays Capital U.S. Aggregate Bond Index2 gained 7.69% versus a 3.13% increase.
As might be expected, the improvement in economic perceptions and expectations provided the most lift to the economically sensitive technology, industrial, financial, and consumer discretionary sectors, though all sectors recorded double-digit percentage gains. Mid-cap, small-cap, and international stocks experienced even stronger returns. Bond performance was dominated by higher liquidity and narrower credit spreads as investors moved away from the perceived safety of U.S. Treasuries. High Yield (Barclays Capital U.S. Corporate High Yield Bond Index3) and corporate bonds (Barclays Capital U.S. Corporate Investment Grade Index4) enjoyed 56.18% and 23.80% returns, respectively, during the period. REITs also benefited from healthier credit markets, with the FTSE NAREIT Equity REITs Index5 returning an impressive 106.68%.

1


 

The RidgeWorth Funds continued to perform well relative to peers. More than 70% of our long-term funds beat their Lipper Peer Group averages for each of the 3-, 5-, and 10-year periods ended March 31, 20106. In addition, RidgeWorth received two of the four “group awards” given to Small Companies at the 2010 Lipper Fund Awards ceremony held in New York on Wednesday, March 24. Lipper awarded RidgeWorth the Small Company “Overall” and “Mixed-Asset” Awards for the highest consistent return among qualifying small companies over the three-year period ended December 31, 2009.7 It is a great honor to be recognized for these awards by such a highly-regarded organization as Lipper.
We are working diligently to continue the RidgeWorth tradition of strong performance. The outlook for the economy is considerably brighter than it was a year ago during the depths of the recession, but there remain significant headwinds that will likely restrict the pace of growth for some time; including high consumer debt loads, a weak housing market, and the paying down of record federal deficits. Moreover, with the S&P 500 up over 70% from the 2009 low and bond credit spreads back down closer to historical norms, we believe the “easy money” has been made in the broad market advance. We expect a somewhat slower than normal pace of recovery because of the headwinds mentioned above, but inflation will likely remain relatively low and the Fed will be careful not to raise interest rates too quickly.
We believe the markets will continue to offer opportunities for investors, but they will be more selective and company specific; a market that fits well with the RidgeWorth bottom-up approach to security selection.
The past year has been good for the economy, the markets, and the RidgeWorth Funds. We wish to again thank you for your trust and confidence in us, and we look forward to another good year together.
     
Sincerely,
   
 
   
-s- David Eidson
  -s- Ashi Parikh
 
David Eidson
  Ashi Parikh
Chairman and CEO
  President and CIO
RidgeWorth Capital Management, Inc.
  RidgeWorth Capital Management, Inc.
 
1   The S&P 500 Index is widely regarded as a gauge of the U.S. equities market, this index includes 500 leading companies in leading industries of the U.S. economy. Although the S&P 500 focuses on the large cap segment of the market, with approximately 75% coverage of U.S. equities, it is also an ideal proxy for the total market.
 
2   Barclays Capital U.S. Aggregate Bond Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment-grade fixed-rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis.
 
3   Barclays Capital U.S. Corporate High Yield Bond Index covers the U.S. dollar-denominated, non-investment grade, fixed-rate, taxable corporate bond market. Securities are classified as high yield if the middle rating of Moody’s , Fitch , and S&P is Ba1/BB+/BB+ or below. The index excludes emerging markets debt.
 
4   Barclays Capital U.S. Corporate Index covers U.S. dollar-denominated, investment grade, fixed-rate, taxable securities sold by industrial, utility and financial issuers. It includes publicly issued U.S. corporate and foreign debentures and secured notes that meet specified maturity, liquidity, and quality requirements.
 
5   FTSE NAREIT Equity REITs Index is a capitalization-weighted index that spans the commercial real estate spaces across the U.S. economy.
 
6   For the period ended March 31, 2010, 37 out of 49 (1 year), 35 out of 46 (3 years), 34 out of 44 (5 years) and 23 out of 31 (10 years) Funds’ I Shares beat their respective Lipper peer group averages. Lipper rankings are based on total return and do not include a sales charge.
 
7   Lipper ratings for Consistent Return reflect funds’ historical risk-adjusted returns, adjusted for volatility, relative to peers. The ratings are subject to change every month and calculated for the following time periods: 3-year, 5-year, 10-year and overall. The overall calculation is based on an equal-weighted average of percentile ranks for the Consistent Return metrics over 3-year, 5-year and 10-year period (if applicable). The highest 20% of funds in each classification are named Lipper Leader for Consistent Return. The next 20% receive a rating of 4; the middle 20% are rated 3; the next 20% are rated 2, and the lowest 20% are rated 1. Lipper Leader© Thomson Reuters. All rights reserved.

2


 

AGGRESSIVE GROWTH STOCK FUND
Portfolio Managers
Nancy Zevenbergen, CFA, CIC
Brooke de Boutray, CFA, CIC
Leslie Tubbs, CFA, CIC
Investment Concerns
Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes. Common stocks, and funds investing in common stocks, generally provide greater return potential when compared with other types of investments.
Small- and Mid-capitalization funds typically carry additional risks since smaller companies generally have a higher risk of failure.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
Amidst an improving market environment in anticipation of an economic recovery, the Fund’s high-growth companies outperformed as the Aggressive Growth Stock Fund (I Shares) advanced 66.36%1 for the 12 months ended March 31, 2010, significantly ahead of the Russell 3000® Growth Index return of 50.50%1.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
Stock selection within the Information Technology sector generated the largest performance contribution, while Telecommunications (three wireless stocks) posted the highest absolute return. Consumer Discretionary was the second best contributor, followed closely by Health Care. Financials and Industrials round out the meaningful contributors and no Fund sector detracted in aggregate. The Fund’s top-ten individual stock contributors averaged over 118%, on an absolute return basis, as has been the case historically, stock selection was the disproportionate contributor to the Fund’s outperformance. Among top performing stocks contributing to the Fund’s outperformance were VistaPrint N.V., F5 Networks, Inc., Amazon.com, Inc. and Intuitive Surgical, Inc. Considering security additions and deletions, over the course of the fiscal year only seven holdings had absolute losses: several have since been sold.2
How do you plan to position the Fund, based on market conditions?
Our mantra remains—focus on growth; both companies benefiting from secular, long-term trends and short-term cyclical upswings. To that end, we continue to search out emerging companies providing new services and products in a changed economic climate. Those firms taking advantage of the substitution of capital for labor opportunities will garner our attention. We also want to take advantage of internet companies and infrastructure providers—the internet is a tool all will need to thrive in the next decade. The consumption benefits of some restored wealth (as a result of a higher financial markets and a better, although subdued, employment picture) are translating into a strong earnings recovery for the consumer discretionary sector. Firms displaying strong research and development efforts to provide solutions for health care and energy challenges are also likely Fund candidates. No matter the sector, our focus will seek those companies that are expected to grow in any economic/ political environment. The news headlines remind us daily of the many obstacles still confronting economic recovery, but our focus on a longer-term horizon provides us confidence in the prospects for the Fund.2
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   Portfolio composition subject to change.

3


 

AGGRESSIVE GROWTH STOCK FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 2/23/04. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the Russell 3000® Growth Index, which measures the performance of the broad growth segment of the U.S. equity universe. It includes those Russell 3000® companies with higher price-to-book ratios and higher forecasted growth values. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.
                                         
            Average Annual Total Returns as of 3/31/10
                                    Since
Aggressive Growth Stock Fund   Inception Date   1 Year1   3 Year   5 Year   Inception
 
A Shares            without sales charge
    02/23/04       65.83 %     2.17 %     6.31 %     4.87 %
with sales charge*
            56.38 %     0.18 %     5.06 %     3.85 %
I Shares
    02/23/04       66.36 %     2.49 %     6.59 %     5.18 %
Russell 3000® Growth Index
            50.50 %     -0.92 %     3.46 %     2.74 %**
         
Prospectus Expense Ratio2   Gross
 
A Shares
    1.48 %
I Shares
    1.18 %
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
     
*   Class A Share performance reflects the maximum front-end sales charge of 5.75%.
 
**   The performance return and the hypothetical $10,000 investment for the Russell 3000® Growth Index is for the period from 2/29/04 to 3/31/10.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.
Sector Weightings (as of March 31, 2010)3
as a percentage of Investments
(PIE CHART)
 
3   Portfolio Composition is subject to change

4


 

EMERGING GROWTH STOCK FUND
Portfolio Managers
Nancy Zevenbergen, CFA, CIC
Brooke de Boutray, CFA, CIC
Leslie Tubbs, CFA, CIC
Investment Concerns
Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.
Small- and Mid-capitalization companies typically have a higher risk of failure and historically have experienced a greater degree of volatility.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
Amidst an improving market environment in anticipation of an economic recovery, the Fund’s high-growth companies outperformed as the Emerging Growth Stock Fund (I Shares) posted a 74.65%1 return for the 12 months ended March 31, 2010, significantly ahead of the Russell Midcap® Growth Index return of 63.00%.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
Stock selection within the Information Technology sector was easily the largest performance contributor and posted the highest absolute return. Consumer Discretionary was the second best contributor, followed closely by Health Care. Financials and Industrials round out the meaningful contributors with only the Fund’s Materials sector (one security) detracting. The Fund’s top-ten individual stock contributors averaged over 170%, on an absolute return basis. (As has been the case historically, stock selection was the disproportionate contributor to the Fund’s outperformance). Among top performing issues contributing to the Fund’s outperformance were lululemon athletica Inc., Blue Nile, Inc., Alliance Data Systems Corporation and Cognizant Technology Solutions Corporation, which was sold as the stock’s market capitalization exceeded Fund parameters.2
How do you plan to position the Fund, based on market conditions?
Our mantra remains—focus on growth; both companies benefiting from secular, long-term trends and short-term cyclical upswings. To that end, we continue to search out emerging companies providing new services and products in a changed economic climate. Those firms taking advantage of the substitution of capital for labor opportunities will garner our attention. We also want to take advantage of internet companies and infrastructure providers—the internet is a tool all will need to thrive in the next decade. The consumption benefits of some restored wealth (as a result of a higher financial markets and a better, although subdued, employment picture) are translating into a strong earnings recovery for the consumer discretionary sector. Firms displaying strong research and development efforts to provide solutions for health care and energy challenges are also likely Fund candidates. No matter the sector, our focus will seek those companies that are expected to grow in any economic/political environment. The news headlines remind us daily of the many obstacles still confronting economic recovery, but our focus on a longer-term horizon provides us confidence in the prospects for the Fund.2
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   Portfolio composition subject to change.

5


 

EMERGING GROWTH STOCK FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 2/23/04. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the Russell Midcap® Growth Index, which measures the performance of the mid-cap growth segment of the U.S. equity universe. It includes those Russell Midcap® Index companies with higher price-to-book ratios and higher forecasted growth values. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.
                                         
            Average Annual Total Returns as of 3/31/10
                                    Since
Emerging Growth Stock Fund   Inception Date   1 Year1   3 Year   5 Year   Inception
 
A Shares            without sales charge
    02/23/04       74.17 %     -0.67 %     6.13 %     3.83 %
with sales charge*
            64.28 %     -2.60 %     4.88 %     2.82 %
I Shares
    02/23/04       74.65 %     -0.37 %     6.46 %     4.16 %
Russell Midcap® Growth Index
            63.00 %     -2.04 %     4.27 %     4.83 %**
         
Prospectus Expense Ratio2   Gross
 
A Shares
    1.47 %
I Shares
    1.17 %
     
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor ‘s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
 
 
*   Class A Share performance reflects the maximum front-end sales charge of 5.75%.
 
**   The performance return and the hypothetical $10,000 investment for the Russell Midcap® Growth Index is for the period from 2/29/04 to 3/31/10.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.
Sector Weightings (as of March 31, 2010)3
as a percentage of Investments
(PIE CHART)
 
3   Portfolio Composition is subject to change

6


 

INTERNATIONAL EQUITY 130/30 FUND
Portfolio Managers
Kevin Means, CFA
Vincent Fioramonti, CFA
Neil Kochen, CFA
Investment Concerns
International investing involves increased risk and volatility.
Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.
Small- and Mid-capitalization funds typically carry additional risks since smaller companies generally have a higher risk of failure.
This Fund engages in short sales, which involve selling a security the Fund does not own, with the expectation that the security’s price will decline. Should the value of the security rise rather than fall, it will suffer a loss. The Fund’s loss on a short sale is potentially unlimited because there is no upward limit on the price the borrowed security could attain.
Active investment strategies can increase expenses and may have tax implications.
This is a specialized investment strategy that may not be suitable for all investors.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
The International Equity 130/30 Fund returned 68.36%1 (I Shares) outperforming the 62.56% return for the Fund’s benchmark, FTSE All World ex U.S. Index, for the 12 months ended March 31, 2010. This Fund emphasizes securities with attractive relative value, positive earnings momentum, favorable insider/management signaling, and short-term price reversal characteristics that have added considerable relative return over the period. Though the market exhibited high volatility, especially in the second quarter of 2009 and the first quarter of 2010, by focusing on risk management and broad diversification, this Fund was able to outperform its benchmark without excessive relative return volatility.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
Our primary strategy involves emphasizing securities with positive exposure to our alpha2 factors, and these factors produced very attractive results over the period, especially our Relative Value and Short Term/Technical factors. We estimate that our alpha factors added 16.55% to the Fund during the year, relative to the market. The Fund’s exposure to our primary risk factors was modest relative to the benchmark, but in this volatile market environment, even small differences relative to the benchmark had an inordinately large effect. In the second quarter of 2009, our underexposure to interest rate sensitive stocks detracted from performance by 2.77%, and currency exposures during the year detracted from return by 2.38%. Regional weights detracted from return by 2.35%. Stock-specific residual return (idiosyncratic return not explained by a stock’s risk and alpha factor characteristics) had a positive effect on return that was largely offset by transaction costs during this highly volatile period.3
How do you plan to position the Fund, based on market conditions?
Today’s market can be characterized by lingering fear and uncertainty regarding fiscal policy and the pace of economic recovery, though investors are increasingly relying on those factors that have historically produced superior performance, such as earnings momentum, relative value, strong cash flow and insider signaling. The market has reacted quite strongly to early signs of a global recovery; however several economic signals have indicated that the pace of economic growth is not very robust and may not be sustained (e.g., employment and factory orders/manufacturing data). Though we are encouraged by the recent very positive returns, there continue to be significant economic, policy and geopolitical concerns that may weigh on the market in the coming quarter. In such volatile markets, it is particularly important to focus on risk management, as minor differences in risk relative to the benchmark may overwhelm the positive effects of quantitative security selection. We firmly believe that adhering to our investment philosophy and process through all market environments is critical to achieving competitive long-term returns. Our quantitative discipline performed well during the period, outperforming the overall market by 580 basis points (5.80%), and our long history of successfully managing 130/30 type long/short portfolios using this discipline gives us confidence that we believe may continue to add value for our investors over the long term. We continue to maintain a highly diversified portfolio that is closely matched to the benchmark with regard to beta2, size, and style, purchasing those securities with positive exposures to our alpha factors and underweighting or selling short those securities with negative exposures to these factors.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   Alpha measures a fund’s risk-adjusted performance and represents the difference between a fund’s actual performance and its expected performance given its level of risk as measured by beta. Beta is a means of measuring the volatility of a security or portfolio of securities in comparison with the market as a whole. A beta of 1 indicates that the security will move with the market; greater than 1 indicates that it is more volatile than the market, and less than 1 indicates that it is less volatile than the market.
 
3   Portfolio composition subject to change.

7


 

INTERNATIONAL EQUITY 130/30 FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 12/26/07. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the FTSE All World ex U.S. Index, which is part of a range of indexes designed to help U.S. investors benchmark their international investments. The index comprises large- (84%) and Mid- (16%) cap stocks providing coverage of Developed and Emerging Markets (46 countries) excluding the U.S. The index is derived from the FTSE Global Equity Index Series (GEIS), which covers 98% of the world’s investable market capitalization. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.
                         
            Average Annual Total Returns as of 3/31/10
                    Since
International Equity 130/30 Fund       Inception Date              1 Year1   Inception
 
A Shares*           without sales charge
    12/26/07       67.87 %     -15.27 %
with sales charge**
            58.17 %     -17.46 %
I Shares
    12/26/07       68.36 %     -15.09 %
FTSE All World Index ex-U.S.
            62.56 %     -9.58 %***
         
Prospectus Expense Ratio2   Gross    
 
A Shares
    3.20 %
I Shares
    2.90 %
     
The Adviser and the Subadviser have contractually agreed to waive fees and reimburse expenses until at least 8/1/10 in order to keep total operating expenses (excluding taxes, brokerage commissions, substitute dividend expenses on securities sold short, extraordinary expenses and underlying fund fees and expenses) from exceeding 1.85% and 1.55% in the A Shares and I Shares, respectively. The estimated dividend expense, as of the date of the prospectus date, totaled 1.31% of net assets and is included in the expense ratios listed in the table above.

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at
www.ridgeworth.com.
 
 
 
*   The A Shares were offered beginning on 7/2/08. The performance shown prior to such date is based on the performance of the I Shares of the Fund, and has not been adjusted to reflect A Share expenses. If it had been, performance would have been lower.
 
**   Class A Share performance reflects the maximum front-end sales charge of 5.75%.
 
***   The performance return and the hypothetical $10,000 investment for the FTSE All World Index ex-U.S. Index is for the period from 12/31/07 to 3/31/10.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.
Sector Weightings (as of March 31, 2010)3
as a percentage of Investments
Long
(PIE CHART)
Short
(as a percentage of short positions)
(PIE CHART)
 
3   Portfolio Composition is subject to change

8


 

INTERNATIONAL EQUITY FUND
Portfolio Manager
Chad Deakins, CFA
Investment Concerns
International investing involves increased risk and volatility.
Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
The International Equity Fund returned 68.65%1 (I Shares) for the 12 months ended March 31, 2010, while the Fund’s benchmark, The MSCI EAFE Index returned 54.44%. The Fund’s outperformance was strong throughout the year but most evident as the markets sharply rebounded during the second half of 2009. Japanese markets were up 37.87% with strength continuing across Europe. Strong markets included: France (50.80%), Sweden (88.40%), Germany, (51.43%) and the UK (59.49%).
As the economy and markets recovered, investors were willing to take more risk. The EAFE small-cap stocks led large-cap stocks and value styles led growth styles for the year. Emerging markets led developed markets and the International Equity Fund was positioned to take advantage of all three situations.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
The Fund’s performance was bolstered through the purchasing of distressed assets around the market’s bottom from February through April of 2009. As we predicted, value investing recovered and was very successful for the period. Strong stock selection in the Financial sector and allocations toward early cyclicals in materials and auto-parts makers in addition to the portfolio’s value tilt accelerated the Fund’s performance. Commodity pricing plays in miners and steel producers were integral as well as underweight allocations to both Japan and the UK.2
Most currencies were strong against the U.S. dollar as the markets sharply turned in the second half of 2009. This turn reversed an earlier trend where the U.S. dollar had previously been a safe haven. During the beginning of 2010, the extremely low short-term interest rates in Japan and slight up-tick in U.S. short-term rates led to weakness in the Yen. The Euro experienced a similar fate against the dollar but for different reasons. The Euro was strong as the risk trade prevailed in late 2009 and investors left the dollar. However, the emergence of Greek sovereign debt concerns has wreaked havoc on the Euro so far in 2010.
How do you plan to position the Fund, based on market conditions?
We maintain a somewhat muted outlook as we move from a pure value market dominated by macroeconomics to more of a stock-pickers’ or nuanced market. Valuation spreads did not contract as much as we had previously expected keeping opportunities in deep value attractive further into the year. As valuation spreads contract, we anticipate a shift to focus more on profitability, business momentum and earnings growth.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   Portfolio composition subject to change.

9


 

INTERNATIONAL EQUITY FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/31/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the Morgan Stanley Capital International Europe, Australasia and Far East (“MSCI EAFE”) Index, which is a free fl oat-adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the U.S. & Canada. The MSCI EAFE Index consists of 21 developed market country indices. EAFE performance data is calculated in U.S. dollars and in local currency. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.
                                 
    Average Annual Total Returns as of 3/31/10
International Equity Fund   1 Year1   3 Year   5 Year   10 Year
 
A Shares            without sales charge
    68.07 %     -7.58 %     2.95 %     2.04 %
with sales charge*
    58.30 %     -9.39 %     1.74 %     1.44 %
I Shares
    68.65 %     -7.28 %     3.24 %     2.39 %
MSCI EAFE Index
    54.44 %     -7.02 %     3.75 %     1.27 %
         
Prospectus Expense Ratio2   Gross
 
A Shares
    1.63 %
I Shares
    1.33 %
     
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
 
 
*   Class A Share performance reflects the maximum front-end sales charge of 5.75%.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.
Sector Weightings (as of March 31, 2010)3
as a percentage of Investments
(PIE CHART)
 
3   Portfolio Composition is subject to change

10


 

INTERNATIONAL EQUITY INDEX FUND
Portfolio Managers
Chad Deakins, CFA
Matthew Welden
Investment Concerns
International investing involves increased risk and volatility.
Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.
Small- and Mid-capitalization funds typically carry additional risks since smaller companies generally have a higher risk of failure.
It is important to remember that there are risks associated with index investing, including the potential risk of market decline, as well as the risks associated with investing in specific companies.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
The International Equity Index Fund returned 49.93%1 (I Shares) for the 12 months ended March 31, 2010, while the Fund’s benchmark, the MSCI EAFE Index (GDP Weighted) Net Dividend returned 51.94%. The Fund continued to track the benchmark well and as designed except during an isolated weak second quarter of 2009. The abrupt rally of the equity markets and the resurgence of investors’ willingness to take on risk created what is known as a “junk rally”, where the smallest and most damaged stocks appreciate the most. The stratified sampling strategy of the Fund excludes the smallest companies in the index and performance lagged briefly during that period. The Fund expanded its holdings deeper into the index thus, we believe, mitigating any further risk and has performed as expected and designed since then.2
What factors influenced the Fund’s performance for the period ended March 31, 2010?
The most influential factors in the Fund’s performance included the economic recovery and abrupt rebound of the equity markets. The aggressive fiscal and monetary plans proposed late in 2009 began to take effect and investors’ appetite for risk returned to the market. The result was strong performance of both global equity markets and the Fund.
Looking at the Index, Irish markets lagged the others, followed by Greek markets, which suffered from concerns over sovereign debt. The Euro was the most affected currency in this situation which dampened those countries’ performance when comparing on a U.S. Dollar basis. Strength was seen in both Australia and Sweden along with Singapore as they led EAFE developed countries.
How do you plan to position the Fund, based on market conditions?
We maintain a somewhat positive but muted view of the markets looking forward. The outlook for global equities remains positive. Global valuations remain good, free cash flow remains strong, and interest rates are still low. The EPS forecasts for the world continue to rise despite already being up significantly from the May 2009, trough levels. However, there are risks that the economic recovery could be derailed by continued sovereign debt issues or other government intervention. The Fund will maintain its time-tested strategy for efficient and effective tracking of the MSCI EAFE GDP Index.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   Portfolio composition subject to change.

11


 

INTERNATIONAL EQUITY INDEX FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/31/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the Morgan Stanley Europe Australasia and Far East (MSCI EAFE) Index (GDP Weighted) Net Dividend, which is a market capitalization index that measures market equity performance based upon indices from foreign and developed countries. The country weighting of the Index is calculated using the gross domestic product of each of the various countries and then with respect of the market capitalization of the various companies operating in each country. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.
                                 
    Average Annual Total Returns as of 3/31/10
International Equity Index Fund   1 Year1   3 Year   5 Year   10 Year
 
A Shares             without sales charge
    49.46 %     -8.79 %     2.59 %     -0.03 %
with sales charge*
    40.87 %     -10.57 %     1.39 %     -0.62 %
I Shares
    49.93 %     -8.52 %     2.86 %     0.33 %
MSCI EAFE Index (GDP Weighted) Net Dividend
    51.94 %     -8.32 %     3.20 %     1.12 %
         
Prospectus Expense Ratio2   Gross
 
A Shares
    0.97 %
I Shares
    0.67 %
     
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
 
 
*   Class A Share performance reflects the maximum front-end sales charge of 5.75%.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.
Sector Weightings (as of March 31, 2010)3
as a percentage of Investments
(PIE CHART)
 
3   Portfolio Composition is subject to change

12


 

LARGE CAP CORE EQUITY FUND
Portfolio Manager
Jeffrey E. Markunas, CFA
Investment Concerns
Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.
Small- and Mid-capitalization funds typically carry additional risks since smaller companies generally have a higher risk of failure.
Large cap stock can perform differently from other segments of the equity market or the equity market as a whole. Large capitalization companies may be less flexible in evolving markets or unable to implement change as quickly as smaller capitalization companies.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
The Large Cap Core Equity Fund returned 46.42%1 (I Shares) for the 12-month period ended March 31, 2010 and the S&P 500 Index returned 49.73% for the period. Striking returns posted in the first half of the fiscal year were largely driven by the “survivor effect”, as highly cyclical, leveraged, and unprofitable companies rebounded sharply. The Fund’s preference for profitable companies with earnings growth and stronger balance sheets was not rewarded in that phase of the rally. Relative performance improved in the second half of the fiscal year as the recovery’s fundamental durability began to take focus.2
In terms of style, value stocks finished comfortably ahead of growth issues for the period. The leading economic areas were cyclical in nature with strong gains in the Financial, Industrial, and Consumer Discretionary sectors. Traditionally more defensive sectors such as Health Care, Consumer Staples, Telecommunications, and Utilities trailed the overall index.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
Fund performance was positive in six of ten economic sectors, led by stock selection in Health Care, Energy, Utilities, and Consumer Staples. Underweighting Utilities and Health Care also benefited relative return.2
While the Fund’s absolute return was strong for the period, relative results lagged the index, due primarily to stock selections in Financials, Technology, and Consumer Discretionary.2
In Technology, the Fund’s emphasis on software and services hampered returns, as a number of the hardware companies posted significant returns in the period.2
In the Financials and Consumer Discretionary areas, the Fund’s emphasis on quality and stability proved a negative for the year. The best results in the sector came from severely depressed stocks with balance sheet, business model, or survivability questions. As it became clear that the economy was turning and many of these names would survive, their sheer cheapness led to tremendous rebounds in their share prices.2
How do you plan to position the Fund, based on market conditions?
The recovery is gaining traction, investor sentiment and risk appetite are improving, and continuing improvements in corporate earnings are supportive of valuations—all positive factors for equities.
The economy and markets are in trend with cyclical recoveries. The market is anticipating a strong recovery in corporate profits to sustain the rally and the economy—companies will need to deliver on that rising expectation of growth. Earnings multiples will exert tremendous influence over the market’s course and will reflect an inordinately large number of macro challenges and uncertainties.
In structuring the portfolio, our preference remains in undervalued growth opportunities, whether in companies with an earnings trajectory rising above consensus expectations, or in those with more moderate growth and consensus expectations are simply too low. At the sector level, we believe earnings achievability versus expectations as generally better in Technology, Health Care, and global Industrials, and more selectively in the Consumer and Commodity areas.2
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   Portfolio composition subject to change.

13


 

LARGE CAP CORE EQUITY FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/31/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the S&P 500 Index, which is an index of 500 selected common stocks, most of which are listed on the New York Stock Exchange, and is a measure of the U.S. Stock market as a whole. This index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.
                                 
    Average Annual Total Returns as of 3/31/10
Large Cap Core Equity Fund   1 Year1   3 Year   5 Year   10 Year
 
A Shares without sales charge
    46.11 %     -5.81 %     1.08 %     1.60 %
with sales charge*
    37.76 %     -7.65 %     -0.11 %     1.00 %
C Shares without CDSC
    44.99 %     -6.52 %     0.32 %     0.83 %
with CDSC*
    43.99 %     -6.52 %     0.32 %     0.83 %
I Shares
    46.42 %     -5.57 %     1.33 %     1.82 %
S&P 500 Index
    49.73 %     -4.16 %     1.92 %     -0.65 %
         
Prospectus Expense Ratio2   Gross
 
A Shares
    1.15 %
C Shares
    1.90 %
I Shares
    0.90 %
     
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
 
 
*   Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.
Sector Weightings (as of March 31, 2010)3
as a percentage of Investments
(PIE CHART)
 
3   Portfolio Composition is subject to change

14


 

LARGE CAP GROWTH STOCK FUND
Portfolio Managers
Christopher Guinther
Michael A. Sansoterra
Investment Concerns
Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes. Common stocks, and funds investing in common stocks, generally provide greater return potential when compared with other types of investments.
Small- and Mid-capitalization funds typically carry additional risks since smaller companies generally have a higher risk of failure.
Large cap stock can perform differently from other segments of the equity market or the equity market as a whole. Large capitalization companies may be less flexible in evolving markets or unable to implement change as quickly as smaller capitalization companies.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
For the 12-month period ended March 31, 2010, the Large Cap Growth Stock Fund returned 46.20%1 (I Shares) while the Russell 1000® Growth Index returned 49.75%. The Fund underperformed the benchmark by 355 basis points (3.55%), and five of the Fund’s economic sectors returned more than 40% during the fiscal year.
During this extremely positive year the highest beta2 stocks and smallest quintile of market capitalization within the Russell 1000® Growth Index produced the highest returns. On a relative basis, the Fund had positive stock selection from many different sectors, but not enough to offset relative underformance of the Fund’s Consumer and Materials stocks.3
What factors influenced the Fund’s performance for the period ended March 31, 2010?
After a difficult first calendar quarter (January to March) in 2009, equity markets rebounded strongly posting positive double-digit returns. From March 9, 2009 through June 12, 2009, the S&P 500 Index4 gained 39.86% in 67 trading days registering the third largest bounce in the last 100 years. This bounce appeared to have been fueled by tremendous global stimulus coupled with depressed valuations. Half of the Funds relative under performance for the fiscal year occurred during this period. During the Fund’s first fiscal quarter 2010 (March 2009 to June 2009) the Russell Index soared 16.32% versus the Fund’s return of 12.63%.
During the first fiscal quarter of 2010 within the Consumer Discretionary sector Best Buy, Kohl’s and Lowe’s were the primary detractors to relative return. As the retail consumer electronic market shrank caused by Circuit City’s bankruptcy, Best Buy’s stock price climbed 125% from November 2008 through April 2009. Then from April until the end of the quarter Best Buy’s stock price declined after this significant price move. The company reported its fiscal first quarter in May, which exceeded Wall Street expectations by 8 cents with significant improvement in gross margin. Another consumer stock that negatively affected results was CVS/Caremark, which stumbled in its marketing effort to renew contracts resulting in large contract losses affecting the company’s future earnings growth rate. This new information surprised investors and the stock declined 20% when it opened for trading. Within the Materials sector Monsanto’s stock price declined as the company lowered its expected earnings guidance for the remainder of their calendar year. The Fund’s materials stocks rose by 1.18% versus 36.40% for the Index materials’ stocks further hampering relative fiscal year results.3
How do you plan to position the Fund, based on market conditions?
The portfolio management team does not attempt to position the Fund based on predictions of macro-economic conditions. The strategy utilizes a balanced approach to stock selection. This balanced approach combined with multi-dimensional risk decomposition tools allows the portfolio managers to control active risk through portfolio construction. The portfolio managers actively monitor the components of the systematic risk and aim to ensure that most of the risk relative to the index is derived from non-systematic (stock specific) risk. Sector rotation and tactical sector allocations are generally not utilized. We believe our investment strategy is objective, balanced and designed to enable out-performance in most market cycles.3
The Fund will invest in companies with reasonable valuations and improving fundamentals. Generally, the companies invested in will have shown year-over- year increases in operating margins, growth in revenues and exhibit improving financial returns as measured by return on incremental invested capital. By combining the income statement, balance sheet, and cash flow metrics to evaluate earnings quality, capital efficiency, and relative valuations, the portfolio managers avoid concentrating on a single attribute. Therefore, the team seeks to eliminate investment results that are directly attributed to market conditions and add alpha5 through stock selection.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   Beta is a means of measuring the volatility of a security or portfolio of securities in comparison with the market as a whole. A beta of 1 indicates that the security will move with the market; greater than 1 indicates that it is more volatile than the market, and less than 1 indicates that it is less volatile than the market.
 
3   Portfolio composition subject to change.
 
4   S&P 500 Index, which is an index of 500 selected common stocks, most of which are listed on the New York Stock Exchange, and is a measure of the U.S. Stock market as a whole. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.
 
5   Alpha measures a fund’s risk-adjusted performance and represents the difference between a fund’s actual performance and its expected performance given its level of risk as measured by beta.

15


 

LARGE CAP GROWTH STOCK FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/31/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the Russell 1000® Growth Index, which measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000® companies with higher price-to-book ratios and higher forecasted growth values. This index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.
                                 
    Average Annual Total Returns as of 3/31/10
Large Cap Growth Stock Fund   1 Year1   3 Year   5 Year   10 Year
 
A Shares without sales charge
    45.90 %     -0.73 %     1.84 %     -0.97 %
with sales charge*
    37.57 %     -2.66 %     0.65 %     -1.56 %
C Shares without CDSC
    44.63 %     -1.45 %     1.12 %     -1.54 %
with CDSC*
    43.63 %     -1.45 %     1.12 %     -1.54 %
I Shares
    46.20 %     -0.46 %     2.15 %     -0.49 %
Russell 1000® Growth Index
    49.75 %     -0.78 %     3.42 %     -4.21 %
                 
Prospectus Expense Ratio2     Gross
 
A Shares
            1.34 %
C Shares
            2.04 %
I Shares
            1.04 %
     
Investment performance reflects voluntary fee waivers which may be discontinued at any time. Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www. ridgeworth.com.
 
 
 
*   Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.
Sector Weightings (as of March 31, 2010)3
as a percentage of Investments
(PIE CHART)
 
3   Portfolio Composition is subject to change

16


 

LARGE CAP QUANTITATIVE EQUITY FUND
Portfolio Manager
Chad Deakins, CFA
Investment Concerns
Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.
Small- and Mid-capitalization funds typically carry additional risks since smaller companies generally have a higher risk of failure.
Large cap stock can perform differently from other segments of the equity market or the equity market as a whole. Large capitalization companies may be less flexible in evolving markets or unable to implement change as quickly as smaller capitalization companies.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
For the 12-month period ended March 31, 2010, the Large Cap Quantitative Equity Fund returned 48.74%1 (I Shares) while its benchmark, the S&P 500 Index returned 49.73%. The Fund’s underperformance was mostly isolated to the second quarter of 2009, when the markets abruptly turned positive. Quantitative funds as a whole had a difficult quarter because low-quality stocks led the market in the first part of the recovery. The Fund had a relatively strong third quarter as the markets began to behave in a more rationale manner.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
Stock selection in the Telecom sector greatly added to the Fund’s performance on a relative basis. Avoidance of some of the largest telecom companies in the benchmark combined with strong selection of telecom companies not in the benchmark bolstered Fund performance. Stock selection in the Consumer Staples sector also proved beneficial. Stock selection within the Financials sector proved to be the most difficult. The Financial stock selection models have historically been one of the Fund’s strongest, but the sharp reversal of many of the previously beaten-down stocks proved difficult.2
The Fund had a strong third quarter of 2009 and gained back most of the ground lost during the second quarter. When the markets stabilized and returned to rewarding fundamental strength, the Fund and other quantitative models began functioning as designed once again.
How do you plan to position the Fund, based on market conditions?
Looking forward, we expect valuation models to remain important as they often do after beta3 intensive periods. We believe the expansion of valuation spreads that we saw during the first quarter sets a high probability of excess returns for valuation strategies as we move forward. In addition, we expect profitability and growth expectations to become more meaningful as indicators of future stock performance. Our models continue to use a balanced strategy across investment styles at this stage in the economic cycle. The Fund remains diversified at all times even though the importance of each style factor might shift. The risk-controlled strategy continues to lead to smoother long-term outperformance. As can be expected, the models do experience periods of underperformance. However, as evidenced by the Fund’s longer-term performance, these periods are usually brief. As opportunities present themselves, our models will examine the increased alpha4 opportunities from the weighting of valuation and growth factors in the various stock selection models as the economy and the market move forward.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   Portfolio composition subject to change.
 
3   Beta is a means of measuring the volatility of a security or portfolio of securities in comparison with the market as a whole. A beta of 1 indicates that the security will move with the market; greater than 1 indicates that it is more volatile than the market, and less than 1 indicates that it is less volatile than the market.
 
4   Alpha measures a fund’s risk-adjusted performance and represents the difference between a fund’s actual performance and its expected performance given its level of risk as measured by beta.

17


 

LARGE CAP QUANTITATIVE EQUITY FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 8/07/03. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the Standard & Poor’s 500 Index (“S&P 500”), which is an index of 500 selected common stocks, most of which are listed on the New York Stock Exchange, and is a measure of the U.S. Stock market as a whole. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.
                                         
            Average Annual Total Returns as of 3/31/10
                                    Since
Large Cap Quantitative Equity Fund   Inception Date   1 Year1   3 Year   5 Year   Inception
 
A Shares            without sales charge
    10/08/03       48.42 %     -4.59 %     0.48 %     3.93 %
with sales charge*
            39.81 %     -6.45 %     -0.70 %     2.99 %
I Shares
    08/07/03       48.74 %     -4.34 %     0.74 %     6.11 %
S&P 500 Index
            49.73 %     -4.16 %     1.92 %     4.59 %**
 
                                    4.60 %***
         
Prospectus Expense Ratio2   Gross
 
A Shares
    1.26 %
I Shares
    1.01 %
     
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
 
 
*   Class A Share performance reflects the maximum front-end sales charge of 5.75%.
 
**   The performance return for the S&P 500 Index is for the period from 9/30/03 to 3/31/10
 
***   The performance return and the hypothetical $10,000 investment for the S&P 500 Index is for the period from 7/31/03 to 3/31/10.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.
Sector Weightings (as of March 31, 2010)3
as a percentage of Investments
(PIE CHART)
 
3   Portfolio Composition is subject to change

18


 

LARGE CAP VALUE EQUITY FUND
Portfolio Manager
Mills Riddick, CFA
Investment Concerns
Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.
Value-based investments are subject to the risk that the broad market may not recognize their intrinsic value.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
For the 12-month period ended March 31, 2010, the Large Cap Value Equity Fund returned 49.03%1 (I Shares) compared to a 53.56% return for the Russell 1000® Value Index. Consumer Staples was the largest contributor to relative performance mainly benefitting from stock selection. Within the sector, Estee Lauder Cos. outperformed owing to new management’s successful efforts to improve the sales execution and profitability of the company. Avon Products Inc. outperformed as the company drove better than expected execution as well as results which benefited from the U.S. Dollar’s weakness lifting the outlook for translated international revenue/earnings. In the Energy sector, Talisman Energy, Inc. outperformed relative to the index as the company benefited from the rally in crude oil prices. Financials was the main detractor to performance relative to the index mainly owing to our underweight position in the sector.2
What factors influenced the Fund’s performance for the period ended March 31, 2010?
During the fiscal year, equity markets remained strong as positive economic data points showed promise for a sustained economic recovery. Earlier in the year, mixed economic data and investor skepticism over the durability of the economic upturn weighed heavily on equities. As the year progressed, investor sentiment improved substantially as Gross Domestic Product3 growth, improving key economic indicators, and better than expected corporate earnings fed investor optimism as the year came to a close. These factors to some degree affected the Fund’s overall performance.
How do you plan to position the Fund, based on market conditions?
During unprecedented times in financial markets, it’s very important that fearful events in the market do not disrupt the execution of a disciplined investment strategy. We believe our process was designed to do just that. We will take advantage of market dislocations as they present themselves but only if an investment meets our rigid criteria. We continue to look for low expectations stocks where we believe expectations are too low and will improve in the near future.
We feel comfortable owning high quality, easier to understand companies with good products and management teams. We remain underweight in Financials, Telecommunications, and Utilities and are overweight in Consumer Staples, Industrials, Information Technology, and Materials.2
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   Portfolio composition subject to change.
 
3   The Gross Domestic Product (“GDP”) measures the market value of the goods and services produced by labor and property in the United States. Alpha measures a fund’s risk-adjusted performance and represents the difference between a fund’s actual performance and its expected performance given its level of risk as measured by beta.

19


 

LARGE CAP VALUE EQUITY FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/31/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the Russell 1000® Value Index, which measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000® companies with lower price-to-book ratios and lower expected growth values. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.
                                 
    Average Annual Total Returns as of 3/31/10
Large Cap Value Equity Fund   1 Year1   3 Year   5 Year   10 Year
 
A Shares            without sales charge
    48.59 %     -3.06 %     3.14 %     4.64 %
with sales charge*
    39.98 %     -4.96 %     1.92 %     4.02 %
C Shares            without CDSC
    47.43 %     -3.74 %     2.43 %     3.89 %
with CDSC*
    46.43 %     -3.74 %     2.43 %     3.89 %
I Shares
    49.03 %     -2.78 %     3.46 %     5.00 %
Russell 1000® Value Index
    53.56 %     -7.33 %     1.05 %     3.10 %
         
Prospectus Expense Ratio2   Gross
 
A Shares
    1.14 %
C Shares
    1.84 %
I Shares
    0.84 %
     
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
 
 
*   Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.
Sector Weightings (as of March 31, 2010)3
as a percentage of Investments
(PIE CHART)
 
3   Portfolio Composition is subject to change

20


 

MID-CAP CORE EQUITY FUND
Portfolio Manager
Charles B. Arrington, CFA
Investment Concerns
Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.
Mid-capitalization funds typically carry additional risks since smaller companies generally have a higher risk of failure.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
The Mid-Cap Core Equity Fund returned 59.77%1 (I Shares) for the 12-month period ended March 31, 2010, and the Russell Midcap® Index returned 67.71% for the period.
Thanks to inexpensive valuations, a significant amount of stimulus, and economic recovery, the markets staged a tremendous comeback during the fiscal year. Mid-cap stocks, in particular, were among the strongest performers. In terms of style, value stocks finished comfortably ahead of growth issues for the period. The leading economic areas were cyclical in nature with strong gains in the Consumer Discretionary, Basic Materials, Energy, and Industrial sectors. Traditionally more defensive sectors such as Healthcare, Consumer Staples, Telecommunications, and Utilities trailed the overall Index. Consistent with the market rally, the Fund posted a solid return.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
While the Fund’s absolute return was strong for the period, relative results trailed those of the Index. On the positive side, the Fund’s sector positioning was additive for the period and stock selection was solid in Consumer Staples, Finance, and Utilities. But trailing results in the Consumer Discretionary and Energy sectors hampered overall returns. In the Consumer Discretionary area, the Fund’s emphasis on quality and stability proved a negative for the year. The best results in the sector came from severely depressed stocks with balance sheet, business model, or survivability questions. As it became clear that the economy was turning and many of these names would survive, their sheer cheapness led to tremendous rebounds in their share prices. Within the Energy sector, our drilling, service, and equipment holdings were poor performers as compared to the Index. The portfolio also did not participate extensively in the wave of merger and acquisition activity that was occurring in this space over the course of the year.2
How do you plan to position the Fund, based on market conditions?
So far, this market recovery has been stronger and swifter than many expected. As we move forward, we believe the market focus will begin to shift more towards long-term durability, quality, and future growth prospects. While we continue to generally like technology shares, the popularity of the sector is leading us to a more neutral stance. We are also making adjustments to the Energy lineup. As the cycle advances, the backdrop for the Industrial sector continues to improve and we are looking for opportunities to increase weight in that area. And, with trends indicating the potential for inflationary pressures, we are looking for additional opportunities in the Materials sector. While growth trailed value in the past year, we maintain a preference for undervalued or unappreciated growth opportunities.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   Portfolio composition subject to change.

21


 

MID-CAP CORE EQUITY FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/31/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.

The Fund’s performance is compared to the Russell Midcap® Index, which measures the performance of the mid-cap segment of the U.S. equity universe. The Russell Midcap Index® is a subset of the Russell 1000® Index. It includes approximately 800 of the smallest securities based on a combination of their market cap and current index membership. The Russell Midcap® Index represents approximately 27% of the total market capitalization of the Russell 1000 companies. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.
                                     
        Average Annual Total Returns as of 3/31/10
Mid-Cap Core Equity Fund   1 Year1   3 Year   5 Year   10 Year
 
A Shares
  without sales charge     59.07 %     -5.17 %     2.15 %     0.54 %
 
  with sales charge*     49.93 %     -7.02 %     0.94 %     -0.06 %
C Shares
  without CDSC     58.03 %     -5.81 %     1.44 %     -0.11 %
 
  with CDSC*     57.03 %     -5.81 %     1.44 %     -0.11 %
I Shares
        59.77 %     -4.85 %     2.47 %     0.91 %
Russell Midcap® Index     67.71 %     -3.30 %     4.20 %     4.84 %
         
Prospectus Expense Ratio2   Gross
 
A Shares
    1.40 %
C Shares
    2.10 %
I Shares
    1.10 %
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.
Sector Weightings (as of March 31, 2010)3
as a percentage of Investments
(PIE CHART)
 
3   Portfolio Composition is subject to change

22


 

MID-CAP VALUE EQUITY FUND
Portfolio Manager
Don Wordell, CFA
Investment Concerns
Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.
Mid capitalization funds typically carry additional risks since smaller companies generally have a higher risk of failure.
Value-based investments are subject to the risk that the broad market may not recognize their intrinsic value.
Management Discussion OF Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
The Mid-Cap Value Equity Fund returned 75.36%1 (I Shares) for the 12-month period ended March 31, 2010 outperforming the Russell Midcap® Value Index which returned 72.41% for the period.
The Fund benefited from stock selection in Consumer Staples relative to the index. Estee Lauder Cos. outperformed, owing to new management’s successful efforts to improve the sales execution and profitability of the company. Avon Products outperformed as the company drove better than expected execution, as well as results, which benefited from the U.S. Dollar’s weakness lifting the outlook for translated international revenue/earnings. In the Industrials sector, Manitowoc Co. outperformed on stabilizing crane sales and bookings coupled with management’s outlook for increasing food service revenues in 2010. In the Materials sector, Lubrizol Corp. outperformed due to greatly improved margins in their Lube Additives business as they were able to hold pricing in the face of substantial drops in their raw materials. In the Energy sector, Talisman Energy, Inc. outperformed relative to the index as the company benefited from the rally in crude oil prices. Stock selection in Financials negatively impacted performance relative to the index as Northern Trust Corp., one of the top detractors in the sector, underperformed as reduced investor risk appetite and a prolonged low interest rate environment constrained earnings.2
What factors influenced the Fund’s performance for the period ended March 31, 2010?
During the fiscal year, equity markets remained strong as positive economic data points showed promise for a sustained economic recovery. Earlier in the year, mixed economic data and investor skepticism over the durability of the economic upturn weighed heavily on equities. As the year progressed, investor sentiment improved substantially as Gross Domestic Product3 growth, improving key economic indicators, and better than expected corporate earnings fed investor optimism as the year came to a close. These factors to some degree affected the Fund’s overall performance.
How do you plan to position the Fund, based on market conditions?
During the fiscal year, the Fund increased its weight in Energy and Industrials as growth in infrastructure and energy is expected to continue unabated in the foreseeable future. The Fund decreased its weight in Utilities over concerns that higher interest rates and potentially higher taxes on dividends would negatively impact the group. The Fund decreased its weighting in Consumer Discretionary as we remain cautious on the domestic consumer due to the extreme leverage and lack of job growth in this recovery.2
We will continue to adhere to our Value process, which uncovers stocks that pay secure dividends, trade at or near the lower-third of historical valuation, and possess financial stability. If any one of the above mentioned criteria (yield, valuation, fundamentals) erodes, the stock is sold from the portfolio. The Fund will not abandon or massage the process to capture short-term performance, as history has shown valuation disconnects tend to revert to normalcy.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   Portfolio composition subject to change.
 
3   The Gross Domestic Product (“GDP”) measures the market value of the goods and services produced by labor and property in the United States.

23


 

MID-CAP VALUE EQUITY FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 11/30/01. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the Russell Midcap® Value Index, which measures the performance of the mid-cap value segment of the U.S. equity universe. It includes those Russell Midcap Index companies with lower price-to-book ratios and lower forecasted growth values. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.
                                             
                Average Annual Total Returns as of 3/31/10
                                        Since
Mid-Cap Value Equity Fund   Inception Date   1 Year1   3 Year   5 Year   Inception
 
A Shares
  without sales charge     10/27/03       74.87 %     2.46 %     8.45 %     11.16 %
 
  with sales charge*             64.86 %     0.46 %     7.17 %     10.15 %
C Shares
  without CDSC     11/30/01       73.71 %     1.74 %     7.72 %     7.46 %
 
  with CDSC*             72.71 %     1.74 %     7.72 %     7.46 %
I Shares
        11/30/01       75.36 %     2.75 %     8.77 %     8.37 %
Russell Midcap® Value Index             72.41 %     -5.22 %     3.71 %     8.73 %**
 
                                        8.30 %***
         
Prospectus Expense Ratio2   Gross
 
A Shares
    1.38 %
C Shares
    2.08 %
I Shares
    1.08 %
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.
 
**   The performance return for the Russell Midcap® Value Index is for the period from 10/27/03 to 3/31/10.
 
***   The performance return and the hypothetical $10,000 investment for the Russell Midcap® Value Index is for the period from 11/30/01 to 3/31/10.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.
Sector Weightings (as of March 31, 2010)3
as a percentage of Investments
(PIE CHART)
 
3   Portfolio Composition is subject to change

24


 

REAL ESTATE 130/30 FUND
Portfolio Managers
Kevin Means, CFA
Vince Fioramonti, CFA
Neil Kochen, CFA
Investment Concerns
Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.
Small- and Mid-capitalization funds typically carry additional risks since smaller companies generally have a higher risk of failure.
This Fund engages in short sales, which involve selling a security the Fund does not own, with the expectation that the security’s price will decline. Should the value of the security rise rather than fall, it will suffer a loss. The Fund’s loss on a short sale is potentially unlimited because there is no upward limit on the price the borrowed security could attain.
Investments in the Fund are subject to the risks related to direct investment in real estate, such as, real estate risk, interest rate risk, mortgage rate risk, market risk, regulatory risks, concentration risk, and diversification risk.
Active investment strategies can increase expenses and may have tax implications.
This is a specialized investment strategy that may not be suitable for all investors.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
The Real Estate 130/30 Fund (I Shares) returned 82.75%1 underperforming by 23.93% the 106.68% return for the Fund’s benchmark, the FTSE NAREIT Equity REITs Index for the 12-month period ended March 31, 2010. Though quantitative styles of investing have been out of style for the past 12 months, this Fund emphasizes securities with attractive relative value, positive earnings momentum, favorable insider/management signaling, and short-term price reversal characteristics that have added considerable relative return over the long term. The U.S. REIT market exhibited historically unprecedented levels of volatility, especially in the second quarter of 2009, and though the Fund focuses on risk management relative to the benchmark and broad diversification, returns lagged the benchmark during the period.2
What factors influenced the Fund’s performance for the period ended March 31, 2010?
Our primary strategy involves emphasizing securities with positive exposure to our alpha3 factors; however, these factors were perverse and produced negative results over the period, especially our momentum/sentiment factors in the second quarter of 2009 when many of the lowest priced stocks rallied by more than 100%. The Fund’s exposure to our primary risk factors was modest relative to the benchmark, but in this highly volatile market environment, even small differences relative to the benchmark had an inordinately large effect. In the second and third quarters of 2009, our underexposure to beta4 detracted from performance, and some minor differences in geographic exposure detracted from performance return. Finally, though our sector exposures relative to the benchmark are maintained at modest levels, below-market exposure to Retail Outlets in the second quarter, and above-market exposure to Self-Storage REITS in the fourth quarter detracted from return.2
How do you plan to position the Fund, based on market conditions?
Today’s market can be characterized by lingering fear and uncertainty regarding fiscal policy and the pace of economic recovery, though investors are increasingly relying on those factors that have historically produced superior performance, such as earnings momentum, relative value, strong cash flow and insider signaling. The market has reacted quite strongly to early signs of a global recovery, however several economic signals have indicated that the pace of economic growth is not very robust and may not be sustained (e.g., employment and factory orders/manufacturing data). Though we are encouraged by the recent very positive returns, there continue to be significant economic, policy and geopolitical concerns that may weigh on the market in the coming quarter. In such volatile markets, it is particularly important to focus on risk management, as minor differences in risk relative to the benchmark may overwhelm the positive effects of quantitative security selection. We firmly believe that adhering to our investment philosophy and process through all market environments is critical to achieving competitive long-term returns. Our long history of successfully managing 130/30 type long/short portfolios using our quantitative discipline gives us confidence that we will add value for our investors over the long term. We continue to maintain a highly diversified portfolio that is closely matched to the benchmark with regard to beta, size, and style, purchasing those securities with positive exposures to our alpha factors and underweighting or selling short those securities with negative exposures to these factors.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   Portfolio composition subject to change.
 
3   Alpha measures a fund’s risk-adjusted performance and represents the difference between a fund’s actual performance and its expected performance given its level of risk as measured by beta.
 
4   Beta is a means of measuring the volatility of a security or portfolio of securities in comparison with the market as a whole. A beta of 1 indicates that the security will move with the market; greater than 1 indicates that it is more volatile than the market, and less than 1 indicates that it is less volatile than the market.

25


 

REAL ESTATE 130/30 FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 12/26/07. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the FTSE NAREIT Equity REITs Index, which is a capitalization-weighted index that spans the commercial real estate space across the U.S. economy. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.
                             
                Average Annual Total Returns as of 3/31/10
                        Since
Real Estate 130/30 Fund*   Inception Date   1 Year1   Inception
 
A Shares*
  without CDSC     12/26/07       58.31 %***     -8.56 %
 
  with CDSC**             71.92 %     -10.92 %
I Shares*
        12/26/07       82.75 %     -8.44 %
FTSE NAREIT Equity REITs Index             106.68 %     -5.67 %
 
Prospectus Expense Ratio2                       Gross
 
A Shares
                        5.17 %
I Shares
                        4.87 %
The Adviser and the Subadviser have contractually agreed to waive fees and reimburse expenses until at least August 1, 2010 in order to keep total operating expenses (excluding taxes, brokerage commissions, substitute dividend expenses on securities sold short, extraordinary expenses and underlying fund fees and expenses) from exceeding 1.75% and 1.45% in the A Shares and I Shares, respectively. The estimated dividend expense, as of the date of the prospectus, totaled 2.11% of net assets and is included in the expense ratios listed in the table above.
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   The Real Estate 130/30 Fund (I Shares) began operations on 12/26/07. A Shares began on 5/21/09 and the performance shown prior to such date is based on the performance of the I Shares of the Fund, and has not been adjusted to reflect A Share expenses. If it had been, performance would have been lower.
 
**   Class A Shares reflect the maximum front-end sales charges of 5.75%.
 
***   Class A Shares one year return is based on the stub period beginning 5/21/09.
 
  The performance return and the hypothetical $10,000 investment for the FTSE NAREIT Equity REITs Index is for the period from 12/31/07 to 3/31/10.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.
Sector Weightings (as of March 31, 2010)3
as a percentage of Investments
Long
(PIE CHART)
Short
(as a percentage of short positions)
(PIE CHART)
 
3   Portfolio Composition is subject to change

26


 

SELECT LARGE CAP GROWTH STOCK FUND
Portfolio Managers
Christopher Guinther
Joe Ransom, CFA
Michael A. Sansoterra
Investment Concerns
Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.
Small- and mid-capitalization funds typically carry additional risks since smaller companies generally have a higher risk of failure.
Large cap stock can perform differently from other segments of the equity market or the equity market as a whole. Large capitalization companies may be less flexible in evolving markets or unable to implement change as quickly as smaller capitalization companies.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
For the 12-month period ended March 31, 2010, the Select Large Cap Growth Stock Fund returned 40.93%1 (I Shares) while the Russell 1000® Growth Index returned 49.75%. While the Fund underperformed the benchmark by 882 basis points (8.82%), and five of the Fund’s economic sectors returned more than 40% during the fiscal year.
During this extremely positive year, the highest beta2 stocks and smallest quintile of market capitalization within the Russell 1000® Growth Index produced the highest returns. On a relative basis, the Fund had positive stock selection from many different sectors, but not enough to offset relative underformance of the Fund’s consumer and materials stocks. According to BofA Merrill Lynch, stocks with the highest beta measured in quintiles (stocks with the most risk) for 2009 returned 103.09% versus the lowest quintile of beta stocks, which returned 5.92%. The Fund is typically not concentrated in the highest beta stocks and tends to own stocks with larger market capitalization.3
What factors influenced the Fund’s performance for the period ended March 31, 2010?
After a difficult first calendar quarter (January to March) in 2009, equity markets rebounded strongly posting positive double-digit returns. From March 9, 2009 through June 12, 2009, the S&P 500 Index4 gained 39.86% in 67 trading days registering the third largest bounce in the last 100 years. This bounce appeared to have been fueled by tremendous global stimulus coupled with depressed valuations. Half of the Funds relative under performance for the fiscal year occurred during this period. During the Fund’s first fiscal quarter 2010 (March 2009 to June 2009) the Russell Index soared 16.32% versus the Fund’s return of 12.63%.
During the first fiscal quarter of 2010 within the Consumer Discretionary sector Best Buy, Kohl’s and Lowe’s were the primary detractors to relative return. As the retail consumer electronic market shrank caused by Circuit City’s bankruptcy, Best Buy’s stock price climbed 125% from November 2008 through April 2009. Then from April until the end of the quarter Best Buy’s stock price declined after this significant price move. The company reported its fiscal first quarter in May, which exceeded Wall Street expectations by 8 cents with significant improvement in gross margin. Another consumer stock that negatively affected results was CVS/Caremark, which stumbled in its marketing effort to renew contracts resulting in large contract losses affecting the company’s future earnings growth rate. This new information surprised investors and the stock declined 20% when it opened for trading. Within the Materials sector, Monsanto’s stock price declined as the company lowered its expected earnings guidance for the remainder of their calendar year. The Fund’s materials stocks rose by 1.18% versus 36.40% for the Index materials’ stocks further hampering relative fiscal year results.3
How do you plan to position the Fund, based on market conditions?
The portfolio management team does not attempt to position the Fund based on predictions of macro-economic conditions. The strategy utilizes a balanced approach to stock selection. This balanced approach combined with multi-dimensional risk decomposition tools allows the portfolio managers to control active risk through portfolio construction. The portfolio managers actively monitor the components of the systematic risk and aim to ensure that most of the risk relative to the index is derived from non-systematic (stock specific) risk. Sector rotation and tactical sector allocations are generally not utilized. We believe our investment strategy is objective, balanced and designed to enable out-performance in most market cycles.3
The Fund will invest in companies with reasonable valuations and improving fundamentals. Generally, the companies invested in will have shown year-over-year increases in operating margins, growth in revenues and exhibit improving financial returns as measured by return on incremental invested capital. By combining the income statement, balance sheet, and cash flow metrics to evaluate earnings quality, capital efficiency, and relative valuations, the portfolio managers avoid concentrating on a single attribute. Therefore, the team seeks to eliminate investment results that are directly attributed to market conditions and add alpha5 through stock selection.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   Beta is a means of measuring the volatility of a security or portfolio of securities in comparison with the market as a whole. A beta of 1 indicates that the security will move with the market; greater than 1 indicates that it is more volatile than the market, and less than 1 indicates that it is less volatile than the market.
 
3   Portfolio composition subject to change.
 
4   The S&P 500 Index is widely regarded as a gauge of the U.S. equities market, this index includes 500 leading companies in leading industries of the U.S. economy. Although the S&P 500 focuses on the large cap segment of the market, with approximately 75% coverage of U.S. equities, it is also an ideal proxy for the total market.
 
5   Alpha measures a fund’s risk-adjusted performance and represents the difference between a fund’s actual performance and its expected performance given its level of risk as measured by beta.

27


 

SELECT LARGE CAP GROWTH STOCK FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/31/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the Russell 1000® Growth Index, which measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000® companies with higher price-to-book ratios and higher forecasted growth values. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.
                                     
        Average Annual Total Returns as of 3/31/10
Select Large Cap Growth Stock Fund   1 Year1   3 Year   5 Year   10 Year
 
A Shares
  without sales charge     40.65 %     0.97 %     2.82 %     -2.52 %
 
  with sales charge*     32.57 %     -1.00 %     1.61 %     -3.09 %
C Shares
  without CDSC     39.52 %     0.23 %     2.08 %     -3.33 %
 
  with CDSC*     38.52 %     0.23 %     2.08 %     -3.33 %
I Shares
        40.93 %     1.25 %     3.11 %     -2.33 %
Russell 1000® Growth Index     49.75 %     -0.78 %     3.42 %     -4.21 %
         
Prospectus Expense Ratio2   Gross
 
A Shares
    1.26 %
C Shares
    1.96 %
I Shares
    0.96 %
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.
 
  The A Shares were offered beginning on 10/14/03. The performance shown prior to such date is based on the performance of the I Shares of the Fund, and has not been adjusted to reflect A Share expenses. If it had been, performance would have been lower.
Sector Weightings (as of March 31, 2010)3
as a percentage of Investments
(PIE CHART)
 
3   Portfolio Composition is subject to change

28


 

SMALL CAP GROWTH STOCK FUND
Portfolio Managers
Christopher Guinther
Michael A. Sansoterra
Investment Concerns
Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.
Small capitalization funds typically carry additional risks since smaller companies generally have a higher risk of failure.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
For the 12-month period ended March 31, 2010, the Small Cap Growth Stock Fund returned 56.34%1 (I Shares) while the Russell 2000® Growth Index returned 60.32%. While the Fund underperformed the benchmark by 398 basis points (3.98%), and eight of the Fund’s economic sectors returned more than 40% during the fiscal year. The performance of the smallest companies and those with higher debt levels, lower return on capital ratios and generally those thought to be the most at risk of going out of business due to the recession, significantly outperformed the broad index over the past 12 months. Stocks with those characteristics reacted similarly in 2003 following the recession in 2001, but as a group, they then underperformed from 2004 through 2007. Although the underperformance over the past 12 months is discouraging, we believe the portfolio is positioned well for the next few years as the economy and markets normalize as they tend to do in a multi-year expansionary period following a recession.
On a relative basis, the Fund had positive stock selection within Consumer, Financials, Energy, and Materials sectors, but not enough to offset losses in other sectors. Stock selection within Technology, Industrials and Healthcare hampered results. A consistent tilt away from the smallest companies in the index, which are generally too illiquid for purchase and those with high debt levels, low margins, and poor returns on capital significantly hindered the portfolio from outperforming the index.2
What factors influenced the Fund’s performance for the period ended March 31, 2010?
After a difficult first calendar quarter (January to March) in 2009, equity markets rebounded strongly posting positive double-digit returns. From March 9, 2009 through June 12, 2009, the S&P 500 Index4 gained 39.86% in 67 trading days registering the third largest bounce in the last 100 years. This bounce appeared to have been fueled by tremendous global stimulus coupled with depressed valuations. Half of the Funds relative under performance for the fiscal year occurred during this period. During the Fund’s first fiscal quarter 2010 (March 2009 to June 2009) the Russell Index soared 16.32% versus the Fund’s return of 12.63%.
Most of the Fund’s relative underperformance was attributable to a significant move higher in micro-cap companies that are constituents of the index but considered too illiquid by the portfolio managers for purchase. Stock selection within the Consumer Discretionary, Industrials and Technology sectors detracted from performance, sectors where numerous micro-cap companies existed. Within the Industrials sector, Pacer International, a company that provides intermodal rail services, lost more than 50% of its market value. Pacer’s competitive position within the industry was hampered by a strategic agreement between Union Pacific and Hub Group, complicating already poor transportation industry fundamentals. Within the Technology sector, a diverse group of software companies were primarily responsible for the Fund’s underperformance.2
How do you plan to position the Fund, based on market conditions?
The portfolio management team does not attempt to position the Fund based on predictions of macro-economic conditions. Our strategy utilizes a balanced approach to stock selection. This balanced approach, combined with sophisticated risk decomposition tools allows the portfolio managers to control active risk through portfolio construction. The portfolio managers actively monitor the components of the systematic risk and aim to ensure that most of the risk relative to the index is derived from non-systematic (stock specific) risk. Sector rotation and tactical sector allocations do not usually contribute more than 25% of the relative performance attribution. The portfolio will be relatively sector and characteristic neutral to the index as the investment team attempts to generate alpha4 through bottom-up stock selection. We believe our investment strategy is objective, balanced and designed to enable outperformance in most market cycles.
The Fund will invest in companies with reasonable valuations and improving fundamentals where expectations should be increased. Generally, these companies will have shown progress towards improving operating margins, growth in revenues and/or market share and thus improving financial returns.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   Portfolio composition subject to change.
 
3   The S&P 500 Index is widely regarded as a gauge of the U.S. equities market, this index includes 500 leading companies in leading industries of the U.S. economy. Although the S&P 500 focuses on the large cap segment of the market, with approximately 75% coverage of U.S. equities, it is also an ideal proxy for the total market.
 
4   Alpha measures a fund’s risk-adjusted performance and represents the difference between a fund’s actual performance and its expected performance given its level of risk as measured by beta.

29


 

SMALL CAP GROWTH STOCK FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/31/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the Russell 2000® Growth Index, which measures the performance of the small-cap growth segment of the U.S. equity universe. It includes those Russell 2000® companies with higher price-to-book ratios and higher forecasted growth values. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.
                                     
        Average Annual Total Returns as of 3/31/10
Small Cap Growth Stock Fund   1 Year1   3 Year   5 Year   10 Year
 
A Shares
  without sales charge     55.82 %     -3.24 %     1.14 %     2.40 %
 
  with sales charge*     46.91 %     -5.14 %     -0.05 %     1.80 %
C Shares
  without CDSC     54.65 %     -3.89 %     0.46 %     1.72 %
 
  with CDSC*     53.65 %     -3.89 %     0.46 %     2.75 %
I Shares
        56.34 %     -2.93 %     1.47 %     2.75 %
Russell 2000® Growth Index     60.32 %     -2.42 %     3.82 %     -1.53 %
         
Prospectus Expense Ratio2   Gross
 
A Shares
    1.51 %
C Shares
    2.21 %
I Shares
    1.21 %
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.
Sector Weightings (as of March 31, 2010)3
as a percentage of Investments
(PIE CHART)
 
3   Portfolio Composition is subject to change

30


 

SMALL CAP VALUE EQUITY FUND
Portfolio Manager
Brett Barner, CFA
Investment Concerns
Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.
Small capitalization funds typically carry additional risks since smaller companies generally have a higher risk of failure.
Value-based investments are subject to the risk that the broad market may not recognize their intrinsic value.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
For the 12-month period ended March 31, 2010, the Small Cap Value Equity Fund returned 57.15%1 (I Shares) versus 65.07% for the benchmark, the Russell 2000® Value Index.
The primary reasons for underperformance relative to the index were stock selection in Consumer Discretionary, Materials, and Financials. Advanced Auto Parts (AAP) was a laggard as higher beta2 consumer stocks outperformed quality, combined with the company’s intentions to invest in the business, which limited near term earnings potential. CKE Restaurants (CKR) underperformed due to the cyclical and competitive pressures in the quick service restaurant industry. Sensient Technologies (SXT) was a laggard as higher beta stocks outperformed quality; however, we owned the stock for its defensive characteristics. HCC Insurance Holdings (HCC) underperformed due to a soft pricing outlook and multiple contractions in the group.3
Our overweight position in Consumer Discretionary, as well as our underweight positions in Financials and Utilities, all contributed positively to performance. Interface (IFSIA) was our top contributor to performance as the stock recovered from its lows given that their financing and liquidity concerns had abated, combined with the company gaining share as competitors struggled with liquidity and manufacturing issues.3
What factors influenced the Fund’s performance for the period ended March 31, 2010?
The small-cap value space recovered significantly from its lows in March of 2009. In most industries, we saw junk outperform quality, which hindered our performance somewhat as we avoided taking too many risky bets on companies that had a reasonable chance of not surviving the downturn. While we saw encouraging signs throughout the year, such as improving retail sales and industrial production as well as stabilizing employment trends, we remain somewhat cautious on the economy due to weak consumer balance sheets, ballooning federal deficits, and potentially higher taxes. Dubai’s credit concerns and Greece’s financial difficulties were a reminder the financial crisis is not over. We also saw commodity price inflation throughout the year, with certain commodities almost back to peak pricing. New regulations from Washington, such as the health care reform bill, the pending financial regulatory reforms, and potential for a new energy and climate bill, all create additional uncertainties for companies going forward. All of these factors, to some degree, had an impact on our holdings.3
How do you plan to position the Fund, based on market conditions?
The Fund will continue to utilize its bottom-up approach to stock selection. The process seeks dividend paying stocks trading at the lower end of historical trading ranges which display characteristics of financial strength and possess an identifiable catalyst to assist in realizing true value. The Fund does not make active sector allocations but allows the process to define sector weights. The Fund will rely on the process for direction when making alterations to sector positions.3
The Fund remains overweight in Health Care, at 11.9% versus the index at 4.9% as a result of the many companies with attractive valuations. We also remain overweight the Industrials sector, at 30.5% versus the index at 16.1% as we continue to find compelling opportunities to buy high-quality companies. The Fund continues to have an underweight position in Financials relative to the index, 20.2% versus 34.1%, due to continued balance sheet concerns. Information Technology remains an area where we are significantly underweight, at 3.7% versus the index at 11.4% due to the limited number of companies with attractive valuations.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   Beta is a means of measuring the volatility of a security or portfolio of securities in comparison with the market as a whole. A beta of 1 indicates that the security will move with the market; greater than 1 indicates that it is more volatile than the market, and less than 1 indicates that it is less volatile than the market.
 
3   Portfolio composition subject to change.

31


 

SMALL CAP VALUE EQUITY FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/31/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the Russell 2000® Value Index, which measures the performance of small-cap value segment of the U.S. equity universe. It includes those Russell 2000® companies with lower price-to-book ratios and lower forecasted growth values. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.
                                     
        Average Annual Total Returns as of 3/31/10
Small Cap Value Equity Fund       1 Year1   3 Year   5 Year   10 Year
 
A Shares
  without sales charge     56.66 %     -0.90 %     6.35 %     12.81 %
 
  with sales charge*     47.58 %     -2.84 %     5.10 %     12.14 %
C Shares
  without CDSC     55.48 %     -1.27 %     6.09 %     12.24 %
 
  with CDSC*     54.48 %     -1.27 %     6.09 %     12.24 %
I Shares
        57.15 %     -0.61 %     6.63 %     13.05 %
Russell 2000® Value Index     65.07 %     -5.71 %     2.75 %     8.90 %
         
Prospectus Expense Ratio2   Gross
 
A Shares
    1.52 %
C Shares
    2.22 %
I Shares
    1.22 %
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.
 
  The A Shares were offered beginning 10/9/03. The performance shown prior to such date is based on the performance of the I Shares of the Fund, and has not been adjusted to reflect A Share expenses. If it had been, performance would have been lower.
Sector Weightings (as of March 31, 2010)3
as a percentage of Investments
(PIE CHART)
 
3   Portfolio Composition is subject to change

32


 

U.S. EQUITY 130/30 FUND
Portfolio Managers
Kevin Means, CFA
Vince Fioramonti, CFA
Neil Kochen, CFA
Investment Concerns
Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.
This Fund engages in short sales, which involve selling a security the Fund does not own, with the expectation that the security’s price will decline. Should the value of the security rise rather than fall, it will suffer a loss. The Fund’s loss on a short sale is potentially unlimited because there is no upward limit on the price the borrowed security could attain.
Active investment strategies can increase expenses and may have tax implications.
This is a specialized investment strategy that may not be suitable for all investors.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
The U.S. Equity 130/30 Fund returned 55.52%1 (I Shares) outperforming by 5.79% the 49.73% return for the Fund’s benchmark, the S&P 500 Index, for the 12-month period ended March 31, 2010. This Fund emphasizes securities with attractive relative value, positive earnings momentum, favorable insider/management signaling, and short-term price reversal characteristics that have added considerable relative return over the period. Though the market exhibited high volatility, especially in the second quarter of 2009 and the first quarter of 2010, by focusing on risk management and broad diversification, this Fund was able to outperform its benchmark without excessive relative return volatility.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
Our alpha2 stock selection model performed quite well, adding 7.40% to return as estimated by our performance attribution system. Our focus on relative value factors contributed significantly during the period, especially in the fourth quarter (+1.62%), and our insider signaling/strength of management category of factors added considerable return in the second quarter of 2009 (+1.87%) and the first quarter of 2010 (+1.66%). The Fund’s exposure to our primary risk factors was modest relative to the S&P 500. In this volatile market environment, even small differences relative to the benchmark had an inordinately large effect, and risk factors added 1.75%, primarily due to the positive effects of a slight emphasis on smaller cap stocks, as the marketplace once again rewarded risk taking. Our active exposures to sector and industry risk were all small and had a negative impact on return of -0.93% when taken together. Stock-specific residual return (idiosyncratic return not explained by a stock’s risk and alpha factor characteristics) had a -4.94% effect on return during this highly volatile period.3
How do you plan to position the Fund, based on market conditions?
Today’s market can be characterized by a lingering fear and uncertainty regarding fiscal policy and the pace of economic recovery, though investors are increasingly relying on those factors that have historically produced superior performance, such as earnings momentum, relative value, strong cash flow and insider signaling. The market has reacted quite strongly to early signs of a global recovery; however, several economic signals have indicated that the pace of economic growth is not very robust and may not be sustained (e.g., employment and factory orders/manufacturing data). Though we are encouraged by the recent very positive returns, there continue to be significant economic, policy and geopolitical concerns that may weigh on the market in the coming quarter. In such volatile markets, it is particularly important to focus on risk management, as minor differences in risk relative to the benchmark may overwhelm the positive effects of quantitative security selection. We firmly believe that adhering to our investment philosophy and process through all market environments is critical to achieving competitive long-term returns. Our quantitative discipline performed well during the period, outperforming the overall market by 569 basis points (5.69%), and our long history of successfully managing 130/30 type long/short portfolios using this discipline gives us confidence that we will continue to add value for our investors over the long-term. We continue to maintain a highly diversified portfolio that is closely matched to the benchmark with regard to beta4, size, and style, purchasing those securities with positive exposures to our alpha factors and underweighting or selling short those securities with negative exposures to these factors.3
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   Alpha measures a fund’s risk-adjusted performance and represents the difference between a fund’s actual performance and its expected performance given its level of risk as measured by beta.
 
3   Portfolio composition subject to change.
 
4   Beta is a means of measuring the volatility of a security or portfolio of securities in comparison with the market as a whole. A beta of 1 indicates that the security will move with the market; greater than 1 indicates that it is more volatile than the market, and less than 1 indicates that it is less volatile than the market.

33


 

U.S. EQUITY 130/30 FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 12/26/07. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.

The Fund’s performance is compared to the S&P 500 Index, which is an index of 500 selected common stocks, most of which are listed on the New York Stock Exchange, and is a measure of the U.S. Stock market as a whole. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.
                         
            Average Annual Total Returns as of 3/31/10
                    Since
U.S. Equity 130/30 Fund   Inception Date                    1 Year1   Inception
 
I Shares
    12/26/07       55.52 %     -5.02 %
S&P 500 Index
            49.73 %     -8.22 %*
         
Prospectus Expense Ratio2   Gross
 
I Shares
    3.92 %
The Adviser and the Subadviser have contractually agreed to waive fees and reimburse expenses until at least August 1, 2010 in order to keep total operating expenses (excluding taxes, brokerage commissions, substitute dividend expenses on securities sold short, extraordinary expenses and underlying fund fees and expenses) from exceeding 1.30% in the I Shares. The estimated dividend expense, as of the date of the prospectus, totaled 0.70% of net assets and is included in the expense ratios listed in the table above.
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   The performance return and the hypothetical $10,000 investment for the S&P 500 Index is for the period from 12/26/07 to 3/31/10.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.
Sector Weightings (as of March 31, 2010)3
as a percentage of Investments
Long
(PIE CHART)
Short
(as a percentage of short positions)
(PIE CHART)
 
3   Portfolio Composition is subject to change

34


 

AGGRESSIVE GROWTH ALLOCATION STRATEGY (formerly Life Vision Aggressive Growth Fund)
Portfolio Manager
Alan Gayle
Investment Concerns
Stocks are more volatile and carry more risk and return potential than other forms of investments. Bonds offer a relatively stable level of income, although bond prices will fluctuate, providing the potential for principal gain or loss. Cash equivalents offer low risk and low return potential.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
The Aggressive Growth Allocation Strategy (I Shares) slightly underperformed its benchmark for the 12 months ended March 31, 2010. The Fund’s I Shares returned 48.74%1 versus 49.73% for the S&P 500 Index.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
The Fund’s performance benefited from exposure to mid-cap, small-cap, and international stocks as well as modest exposure to Real Estate Investment Trusts. Returns also benefited from strong relative performance from several RidgeWorth Funds. Detractors from performance included less than maximum exposure to equities and underperformance in selected funds which lagged their benchmarks.2
How do you plan to position the Fund, based on market conditions?
In our opinion, continued economic growth, moderate inflation, and stronger corporate profits remain our most likely scenario. Nevertheless, while we see the economic glass as half-full, the “easy” money from the market has been made, in our view, as stocks recovered from disaster scenario valuations.
We believe we will continue to see economic gains globally and in the U.S. but the drivers of growth will likely shift from near-term “statistical” factors such as inventory normalization, production stabilization, and fiscal stimulus to more moderate but “sustainable” cyclical forces. This transition from “statistical” to “sustainable” may be a significant source of market volatility, especially following the strong equity rally over the past 12 months. Economic headwinds that may lower the longer-term pace of growth domestically include consumer deleveraging, impaired housing values, record Federal deficits, tight relative credit conditions, and a sluggish job market. We expect inflation to remain low by historical standards and monetary policy to remain accommodative a little while longer, but we believe rates will likely turn higher as the year progresses.
While we maintain a generally positive market bias given this outlook, we lowered equity exposure, particularly international equities over the near-term due to market risks previously mentioned. As these risks are recognized and resolved, we expect to increase equity exposure particularly in the international space.2
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
Fund Allocation (as of March 31, 2010)2
as a percentage of Investments
(PIE CHART)
 
2   Portfolio Composition is subject to change

35


 

AGGRESSIVE GROWTH ALLOCATION STRATEGY
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/31/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
Effective June 1, 2009, the Fund transitioned its benchmark from the Hybrid 85/15 Blend of the Russell 3000® Index and the Morgan Stanley Capital International Europe, Australasia and Far East (“MSCI EAFE”) to the S&P 500 Index (“S&P 500”). The purpose of the index change is to present the equity exposure through the use of the S&P 500 and to simplify the benchmark structure and create better alignment with peers. The Fund’s performance is compared to the S&P 500 and the Hybrid 85/15 Blend Index. The S&P 500 Index is widely regarded as a gauge of the U.S. equities market, this index includes 500 leading companies in leading industries of the U.S. economy. Although the S&P 500 focuses on the large cap segment of the market, with approximately 75% coverage of U.S. equities, it is also an ideal proxy for the total market. The Russell 3000® Index which measures the performance of the largest 3000 U.S. companies representing approximately 98% of the investable U.S. equity market. The MSCI EAFE Index is a free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the U.S. & Canada. These indices are unmanaged and do not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.
                                     
        Average Annual Total Returns as of 3/31/10
Aggressive Growth Allocation Strategy   1 Year1   3 Year   5 Year   10 Year
 
A Shares
  without sales charge     48.02 %     -3.16 %     2.42 %     2.18 %
 
  with sales charge*     39.45 %     -5.05 %     1.22 %     1.58 %
B Shares
  without CDSC     47.48 %     -3.60 %     1.95 %     1.83 %
 
  with CDSC*     42.48 %     -4.41 %     1.71 %     1.83 %
C Shares
  without CDSC     47.14 %     -3.85 %     1.70 %     1.87 %
 
  with CDSC*     46.14 %     -3.85 %     1.70 %     1.87 %
I Shares
        48.74 %     -2.85 %     2.74 %     2.39 %
S&P 500 Index
        49.73 %     -4.16 %     1.92 %     -0.65 %
Russell 3000® Index     52.44 %     -3.99 %     2.39 %     -0.07 %
MSCI EAFE Index     54.44 %     -7.02 %     3.75 %     1.27 %
Hybrid 85/15 Blend Index (85% of the Russell 3000® Index and 15% of the MSCI EAFE Index)
    52.82 %     -4.40 %     2.64 %     0.17 %
         
Prospectus Expense Ratio2   Gross
 
A Shares
    1.42 %
B Shares
    1.87 %
C Shares
    2.12 %
I Shares
    1.12 %
The Adviser has contractually agreed to waive fees and reimburse expenses until at least August 1, 2010 in order to keep total operating expenses (excluding underlying fund fees and expenses) from exceeding 0.50%, 0.95%, 1.20% and 0.20% for A,B, C and I Shares, respectively. Without these fee waivers, performance would have been lower. The indirect expenses of the Fund, which represent a pro-rata share of the expenses of the underlying funds in which the Fund invests, totaled 0.89% of net assets and are included in the expense ratios listed in the table above.
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Share performance reflects the maximum front-end sales charge of 5.75%, Class B Share performance reflects the maximum applicable CDSC (contingent deferred sales charge) and Class C Share performance reflects the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.
 
  The A Shares, B Shares and C Shares were offered beginning on 10/16/03, 3/11/03, and 4/1/05, respectively. The performance shown prior to such dates is based on performance of the I Shares of the Fund, and has not been adjusted to reflect A Share, B Share or C Share expenses. If it had been, performance would have been lower.
 
Class B Shares are closed to new investors.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.

36


 

CONSERVATIVE ALLOCATION STRATEGY (formerly Life Vision Conservative Fund)
Portfolio Manager
Alan Gayle
Investment Concerns
Stocks are more volatile and carry more risk and return potential than other forms of investments. Bonds offer a relatively stable level of income, although bond prices will fluctuate, providing the potential for principal gain or loss. Cash equivalents offer low risk and low return potential.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
The Conservative Allocation Strategy outperformed its benchmark for the 12 months ended March 31, 2010. Specifically, the I Shares returned 20.51%1 versus 19.21% for the Hybrid 70/30 Blend Index (70% Barclays Capital U.S. Aggregate Bond Index and 30% S&P 500 Index).
What factors influenced the Fund’s performance for the period ended March 31, 2010?
The Fund’s performance over the year ended March 31, 2010 benefited from a general overweight position in equities including exposure to mid-cap, small-cap, Real Estate Investment Trusts, and international stocks. An overweight exposure to corporate and high yield bonds benefited performance within the fixed-income allocation of the strategy. Returns also benefited from strong relative performance from several RidgeWorth Funds. Detractors from performance included less than maximum exposure to equities, allocations to Treaury Inflation Protected Securities and short-term bonds, and underperformance in selected funds which lagged their benchmarks.
How do you plan to position the Fund, based on market conditions?
We believe we will continue to see economic growth, moderate inflation, and stronger corporate profits remains our most likely scenario. However, while we see the economic glass as half-full, the “easy” money from the market has been made, in our view, as stocks and bonds recovered from disaster scenario valuations.
We anticipate that we will continue to experience economic gains globally and in the U.S. but the drivers of growth will likely shift from near-term “statistical” factors, such as inventory normalization, production stabilization, and fiscal stimulus to more moderate but “sustainable” cyclical forces. This transition from “statistical” to “sustainable” may be a significant source of market volatility, especially following the strong equity rally over the past 12 months. Economic headwinds that may lower the longer-term pace of growth domestically include consumer deleveraging, impaired housing values, record Federal deficits, tight relative credit conditions, and a sluggish job market. We expect inflation to remain low by historical standards and monetary policy to remain accommodative a little while longer, but rates will likely turn higher as the year progresses.
While we maintain a generally positive market bias given this outlook, we lowered equity exposure from the overweight bias over the past year to neutral within the Fund range to reflect these risks. However, we continued to favor corporate and high-yield securities as well as shorter bond durations. As these risks are recognized and resolved, we expect to return to a higher equity weight.2
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
Fund Allocation (as of March 31, 2010)2
as a percentage of Investments
(PIE CHART)
 
2   Portfolio Composition is subject to change

37


 

CONSERVATIVE ALLOCATION STRATEGY
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/11/03. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
Effective June 1, 2009, the Fund transitioned its benchmark from a Hybrid 80/17/3 Blend of the Barclays Capital U.S. Aggregate Bond Index, the Russell 3000® Index and the Morgan Stanley Capital International Europe, Australasia and Far East (“MSCI EAFE”) Index to a Hybrid 70/30 Blend of the Barclays Capital U.S. Aggregate Bond Index and the S&P 500 Index (“S&P 500”). The purpose of the index change is to present the equity exposure through the use of the S&P 500 and to simplify the benchmark structure and create better alignment with peers. The Fund’s performance is compared to the Hybrid 70/30 Blend Index and the Hybrid 80/17/3 Blend Index. The Barclays Capital U.S. Aggregate Index is a measure of the overall performance of the U.S. bond market. The S&P 500 Index is widely regarded as a gauge of the U.S. equities market, this index includes 500 leading companies in leading industries of the U.S. economy. Although the S&P 500 focuses on the large cap segment of the market, with approximately 75% coverage of U.S. equities, it is also an ideal proxy for the total market. The Russell 3000® Index measures the performance of the largest 3000 U.S. companies representing approximately 98% of the investable U.S. equity market. The MSCI EAFE Index is a free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the U.S. & Canada. These indices are unmanaged and do not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.
                                             
                Average Annual Total Returns as of 3/31/10    
                                        Since
Conservative Allocation Strategy   Inception Date   1 Year1   3 Year   5 Year   Inception
 
A Shares
  without sales charge     03/11/03       20.25 %     4.96 %     5.23 %     5.82 %
 
  with sales charge*             14.53 %     3.26 %     4.21 %     5.09 %
B Shares
  without CDSC     03/11/03       19.67 %     4.48 %     4.76 %     5.40 %
 
  with CDSC*             14.67 %     3.25 %     4.42 %     5.40 %
C Shares
  without CDSC     03/11/03       19.29 %     4.19 %     4.52 %     5.38 %
 
  with CDSC*             18.29 %     4.19 %     4.52 %     5.38 %
I Shares
        03/11/03       20.51 %     5.26 %     2.26 %     6.10 %
S&P 500 Index     49.73 %     -4.16 %     1.92 %     6.87 %2
Barclays Capital U.S. Aggregate Bond Index
    7.69 %     6.14 %     5.44 %     4.74 %2
Russell 3000® Index     52.44 %     -3.99 %     2.39 %     7.63 %
MSCI EAFE Index     54.44 %     -7.02 %     3.75 %     11.31 %2
Hybrid 70/30 Blend Index (70% of the Barclays Capital U.S. Aggregate Bond Index, 30% of the S&P 500 Index)
    19.21 %     3.37 %     4.66 %     5.62 %2
Hybrid 80/17/3 Blend Index (80% of the Barclays Capital U.S. Aggregate Bond Index, 17% of the Russell 3000® Index and 3% of the MSCI EAFE Index)
    15.77 %     4.30 %     5.11 %     5.63 %2
         
Prospectus Expense Ratio3   Gross
 
A Shares
    1.07 %
B Shares
    1.52 %
C Shares
    1.77 %
I Shares
    0.77 %
The Adviser has contractually agreed to waive fees and reimburse expenses until at least August 1, 2010 in order to keep total operating expenses (excluding underlying fund fees and expenses) from exceeding 0.50%, 0.95%, 1.20% and 0.20% for A, B, C and I Shares, respectively. Without these fee waivers, performance would have been lower. The indirect expenses of the Fund, which represent a pro-rata share of the expenses of the underlying funds in which the Fund invests, totaled 0.41% of net assets and are included in the expense ratios listed in the table above.
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Share performance reflects the maximum front-end sales charge of 4.75%, Class B Share performance reflects the maximum applicable CDSC (contingent deferred sales charge) and Class C Share performance reflects the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.
 
  The A Shares, C Shares and I Shares were offered beginning on 11/11/03, 4/1/05, and 11/6/03, respectively. The performance shown prior to such dates is based on performance of the B Shares of the Fund, and has not been adjusted to reflect A Share, C Share or I Share expenses. If it had been, performance for C Shares would have been lower.
 
Class B Shares are closed to new investors.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   The performance returns and the hypothetical $10,000 investments for the S&P 500 Index, Barclays Capital U.S. Aggregate Bond Index, Russell 3000® Index, MSCI EAFE Index and Hybrid 80/17/3 Blend Indices are for the period from 2/28/03 to 3/31/10.
 
3   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.

38


 

GROWTH ALLOCATION STRATEGY (formerly Life Vision Growth and Income Fund)
Portfolio Manager
Alan Gayle
Investment Concerns
Stocks are more volatile and carry more risk and return potential than other forms of investments. Bonds offer a relatively stable level of income, although bond prices will fluctuate, providing the potential for principal gain or loss. Cash equivalents offer low risk and low return potential.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
The Growth Allocation Strategy (I Shares) returned 37.92%1 in the 12 months ended March 31, 2010 versus 36.02% for its benchmark of the Hybrid 70/30 Blend (70% S&P 500 Index and 30% Barclays Capital U.S. Aggregate Bond Index).
What factors influenced the Fund’s performance for the period ended March 31, 2010?
The Fund’s performance over the year ended March 31, 2010 benefited from a general overweight position in equities including exposure to mid-cap, small-cap, Real Estate Investment Trusts, and international stocks. An overweight exposure to corporate and high yield bonds benefited performance within the fixed-income allocation of the strategy. Returns also benefited from strong relative performance from several RidgeWorth Funds. Detractors from performance included less than maximum exposure to equities, allocations to TIPS and short-term bonds, and underperformance in selected funds which lagged their benchmarks.2
How do you plan to position the Fund, based on market conditions?
We believe we will continue to see economic growth, moderate inflation, and stronger corporate profits remain our most likely scenario. However, while we see the economic glass as half-full, the “easy” money from the market has been made, in our view, as stocks and bonds recovered from disaster scenario valuations.
We anticipate that we will continue to experience economic gains globally and in the U.S. but the drivers of growth will likely shift from near-term “statistical” factors, such as inventory normalization, production stabilization, and fiscal stimulus to more moderate but “sustainable” cyclical forces. This transition from “statistical” to “sustainable” may be a significant source of market volatility, especially following the strong equity rally over the past 12 months. Economic headwinds that may lower the longer-term pace of growth domestically include consumer deleveraging, impaired housing values, record Federal deficits, tight relative credit conditions, and a sluggish job market. We expect inflation to remain low by historical standards and monetary policy to remain accommodative a little while longer, but rates will likely turn higher as the year progresses.
While we maintain a generally positive market bias given this outlook, we lowered equity exposure from the overweight bias over the past year to neutral within the Fund range to reflect these risks. However, we continued to favor corporate and high-yield securities as well as shorter bond durations. As these risks are recognized and resolved, we expect to return to a higher equity weight.2
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
Fund Allocation (as of March 31, 2010)2
as a percentage of Investments
(PIE CHART)
 
2   Portfolio Composition is subject to change

39


 

GROWTH ALLOCATION STRATEGY
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/31/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
Effective June 1, 2009, the Fund transitioned its benchmark from a Hybrid 55/35/10 Blend of the Russell 3000® Index, the Barclays Capital U.S. Aggregate Bond Index and the Morgan Stanley Capital International Europe, Australasia and Far East (“MSCI EAFE”), to a Hybrid 70/30 Blend of the S&P 500 Index (“S&P 500”) and the Barclays Capital U.S. Aggregate Bond Index. The purpose of the index change is to present the equity exposure through the use of the S&P 500 and to simplify the benchmark structure and create better alignment with peers. The Fund’s performance is compared to the Hybrid 70/30 Index and the Hybrid 55/35/10 Blend Index. The S&P 500 Index is widely regarded as a gauge of the U.S. equities market, this index includes 500 leading companies in leading industries of the U.S. economy. Although the S&P 500 focuses on the large cap segment of the market, with approximately 75% coverage of U.S. equities, it is also an ideal proxy for the total market. The Russell 3000® Index measures the performance of the largest 3000 U.S. companies representing approximately 98% of the investable U.S. equity market. The Barclays Capital U.S. Aggregate Bond Index is a measure of the overall performance of the U.S. bond market. The MSCI EAFE Index is a free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the U.S. & Canada. These indices are unmanaged and do not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.
                                     
        Average Annual Total Returns as of 3/31/10
Growth Allocation Strategy       1 Year1   3 Year   5 Year   10 Year
 
A Shares
  without sales charge     37.46 %     0.09 %     3.78 %     3.78 %
 
  with sales charge*     29.50 %     -1.88 %     2.56 %     3.17 %
B Shares
  without CDSC     36.78 %     -0.37 %     3.30 %     3.44 %
 
  with CDSC*     31.78 %     -1.37 %     3.01 %     3.44 %
C Shares
  without CDSC     36.53 %     -0.66 %     2.92 %     3.41 %
 
  with CDSC*     35.53 %     -0.66 %     2.92 %     3.41 %
I Shares
        37.92 %     0.39 %     4.09 %     3.99 %
S&P 500 Index
        49.73 %     -4.16 %     1.92 %     -0.65 %
Barclays Capital U.S. Aggregate Bond Index
    7.69 %     6.14 %     5.44 %     6.29 %
Russell 3000® Index     52.44 %     -3.99 %     2.39 %     -0.07 %
MSCI EAFE Index     54.44 %     -7.02 %     3.75 %     1.27 %
Hybrid 70/30 Blend Index (70% of the S&P 500 Index, 30% of the Barclays Capital U.S. Aggregate Bond Index)
    36.02 %     -0.77 %     3.25 %     1.68 %
Hybrid 55/35/10 Blend Index (55% of the Russell 3000® Index, 35% of the Barclays Capital U.S. Aggregate Bond Index and 10% of the MSCI EAFE Index)
    35.65 %     -0.34 %     3.96 %     2.62 %
         
Prospectus Expense Ratio2   Gross
 
A Shares
    1.23 %
B Shares
    1.68 %
C Shares
    1.93 %
I Shares
    0.93 %
The Adviser has contractually agreed to waive fees and reimburse expenses until at least August 1, 2010 in order to keep total operating expenses (excluding underlying fund fees and expenses) from exceeding 0.50%, 0.95%, 1.20% and 0.20% for the A, B, C and I Shares, respectively. Without these fee waivers, performance would have been lower. The indirect expenses of the Fund, which represent a pro-rata share of the expenses of the underlying funds in which the Fund invests, totaled 0.72% of net assets and are included in the expense ratios listed in the table above.
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Share performance reflects the maximum front-end sales charge of 5.75%, Class B Share performance reflects the maximum applicable CDSC (contingent deferred sales charge) and Class C Share performance reflects the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.
 
  The A Shares, B Shares and C Shares were offered beginning on 11/5/03, 3/11/03, and 4/5/05, respectively. The performance shown prior to such dates is based on the performance of the I Shares of the Fund, and has not been adjusted to reflect A Share, B Share or C Share expenses. If it had been, performance would have been lower.
 
Class B Shares are closed to new investors.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.

40


 

MODERATE ALLOCATION STRATEGY (formerly Life Vision Moderate Growth Fund)
Portfolio Manager
Alan Gayle
Investment Concerns
Stocks are more volatile and carry more risk and return potential than other forms of investments. Bonds offer a relatively stable level of income, although bond prices will fluctuate, providing the potential for principal gain or loss. Cash equivalent offer low risk and low return potential.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
The Moderate Allocation Strategy I Shares returned 29.66%1 in the 12 months ended March 31, 2010 versus 27.40% for its benchmark, the Hybrid 50/50 Blend Index (50% S&P 500 and 50% Barclays U.S. Aggregate Bond Index).
What factors influenced the Fund’s performance for the period ended March 31, 2010?
The Fund’s performance over the year ended March 31, 2010 benefited from a general overweight position in equities including exposure to mid-cap, small-cap, Real Estate Investment Trusts, and international stocks. An overweight exposure to corporate and high-yield bonds benefited performance within the fixed-income allocation of the strategy. Returns also benefited from strong relative performance from several RidgeWorth Funds. Detractors from performance included less than maximum exposure to equities, allocations to TIPS and short-term bonds, and underperformance in selected funds which lagged their benchmarks.2
How do you plan to position the Fund, based on market conditions?
We believe we will continue to see economic growth, moderate inflation, and stronger corporate profits remains our most likely scenario. However, while we see the economic glass as half-full, the “easy” money from the market has been made, in our view, as stocks and bonds recovered from disaster scenario valuations.
We anticipate that we will continue to experience economic gains globally and in the U.S. but the drivers of growth will likely shift from near-term “statistical” factors, such as inventory normalization, production stabilization, and fiscal stimulus to more moderate but “sustainable” cyclical forces. This transition from “statistical” to “sustainable” may be a significant source of market volatility, especially following the strong equity rally over the past 12 months. Economic headwinds that may lower the longer-term pace of growth domestically include consumer deleveraging, impaired housing values, record Federal deficits, tight relative credit conditions, and a sluggish job market. We expect inflation to remain low by historical standards and monetary policy to remain accommodative a little while longer, but rates will likely turn higher as the year progresses.
While we maintain a generally positive market bias given this outlook, we lowered equity exposure from the overweight bias over the past year to neutral within the Fund range to reflect these risks. However, we continued to favor corporate and high-yield securities as well as shorter bond durations. As these risks are recognized and resolved, we expect to return to a higher equity weight.2
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
Fund Allocation (as of March 31, 2010)2
as a percentage of Investments
(PIE CHART)
 
2   Portfolio Composition is subject to change

41


 

MODERATE ALLOCATION STRATEGY
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/31/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
Effective June 1, 2009, the Fund transitioned its benchmark from a Hybrid 50/42/8 Blend of the Barclays Capital U.S. Aggregate Bond Index, the Russell 3000® Index, and the Morgan Stanley Capital International Europe, Australasia and Far East (MSCI EAFE) Index to a Hybrid 50/50 Blend of the S&P 500 Index (“S&P 500”) and the Barclays Capital U.S. Aggregate Bond Index. The purpose of the index change is to present the equity exposure through the use of the S&P 500 and to simplify the benchmark structure and create better alignment with peers. The Fund’s performance is compared to the Hybrid 50/50 Blend Index and the Hybrid 50/42/8 Blend Index. The S&P 500 Index is widely regarded as a gauge of the U.S. equities market, this index includes 500 leading companies in leading industries of the U.S. economy. Although the S&P 500 focuses on the large cap segment of the market, with approximately 75% coverage of U.S. equities, it is also an ideal proxy for the total market. The Barclays Capital U.S. Aggregate Bond Index is comprised of securities that are SEC-registered, taxable, and dollar denominated. The Russell 3000® Index measures the performance of the largest 3000 U.S. companies representing approximately 98% of the investable U.S. equity market. The MSCI EAFE Index is a free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the U.S. & Canada. These indices are unmanaged and do not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.
                                     
        Average Annual Total Returns as of 3/31/10
Moderate Allocation Strategy   1 Year1   3 Year   5 Year   10 Year
 
A Shares
  without sales charge     29.23 %     2.06 %     4.38 %     4.05 %
 
  with sales charge*     21.84 %     0.07 %     3.15 %     3.43 %
B Shares
  without CDSC     28.66 %     1.59 %     3.90 %     3.69 %
 
  with CDSC*     23.66 %     0.41 %     3.58 %     3.69 %
C Shares
  without CDSC     28.31 %     1.34 %     3.59 %     3.69 %
 
  with CDSC*     27.31 %     1.34 %     3.59 %     3.69 %
I Shares
        29.66 %     2.39 %     4.69 %     4.24 %
S&P 500 Index
        49.73 %     -4.16 %     1.92 %     -0.65 %
Barclays Capital U.S. Bond Aggregate Index     7.69 %     6.14 %     5.44 %     6.29 %
Russell 3000® Index     52.44 %     -3.99 %     2.39 %     -0.07 %
MSCI EAFE Index
        54.44 %     -7.02 %     3.75 %     1.27 %
Hybrid 50/50 Blend Index (50% Barclays Capital U.S. Aggregate Bond Index, 50% of the S&P 500 Index)
  27.40 %     1.36 %     4.00 %     3.12 %
Hybrid 50/42/8 Blend Index (50% Barclays Capital U.S. Aggregate Bond Index, 42% of the Russell 3000® Index and 8% of the MSCI EAFE Index)
  28.77 %     1.27 %     4.42 %     3.58 %
         
Prospectus Expense Ratio2   Gross
 
A Shares
    1.12 %
B Shares
    1.57 %
C Shares
    1.82 %
I Shares
    0.82 %
The Adviser has contractually agreed to waive fees and reimburse expenses until at least August 1, 2010 in order to keep total operating expenses (excluding underlying fund fees and expenses) from exceeding 0.50%, 0.95%, 1.20% and 0.20% for A, B, C and I Shares, respectively. Without these fee waivers, performance would have been lower. The indirect expenses of the Fund, which represent a pro-rata share of the expenses of the underlying funds in which the Fund invests, totaled 0.61% of net assets and are included in the expense ratios listed in the table above.
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Share performance reflects the maximum front-end sales charge of 5.75%, Class B Share performance reflects the maximum applicable CDSC (contingent deferred sales charge) and Class C Share performance reflects the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.
 
  The A Shares, B Shares and C Shares were offered beginning on 10/10/03, 3/11/03 and 4/5/05, respectively. The performance shown prior to such dates is based on the performance of the I Shares of the Fund, and has not been adjusted to reflect A Share, B Share or C Share expenses. If it had been, performance would have been lower.
 
Class B Shares are closed to new investors.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.

42


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
Aggressive Growth Stock Fund
 
                 
    Shares or
   
    Principal
   
    Amount ($)   Value ($)
Common Stocks (98.9%)
Consumer Discretionary (21.7%)
Amazon.com, Inc.*
    41,600       5,646  
Blue Nile, Inc.*
    65,800       3,620  
Coach, Inc.
    43,500       1,719  
Deckers Outdoor Co.*
    5,300       731  
eBay, Inc.*
    63,200       1,703  
Lululemon Athletica, Inc.*
    19,900       826  
MercadoLibre, Inc.*
    38,600       1,861  
Netflix, Inc.*(a)
    22,300       1,645  
Nordstrom, Inc.
    49,300       2,014  
Priceline.com, Inc.*
    7,000       1,785  
Quanta Services, Inc.*
    40,000       766  
Urban Outfitters, Inc.*
    47,000       1,788  
                 
              24,104  
                 
Financials (10.7%)
Alliance Data Systems Corp.*
    44,500       2,848  
BlackRock, Inc.
    23,600       5,139  
Greenhill & Co., Inc.
    11,300       928  
MSCI, Inc., Cl A*
    15,600       563  
Portfolio Recovery Associates, Inc.*
    30,800       1,690  
Stifel Financial Corp.*
    15,000       806  
                 
              11,974  
                 
Health Care (13.9%)
Celgene Corp.*
    36,900       2,286  
Covance, Inc.*
    34,600       2,124  
Dendreon Corp.*
    11,100       405  
Gilead Sciences, Inc.*
    47,900       2,179  
HMS Holdings Corp.*
    22,600       1,152  
IDEXX Laboratories, Inc.*(a)
    23,800       1,370  
Intuitive Surgical, Inc.*
    5,700       1,984  
Medco Health Solutions, Inc.*
    45,800       2,957  
Salix Pharmaceuticals Ltd.*
    11,900       443  
Vertex Pharmaceuticals, Inc.*
    13,500       552  
                 
              15,452  
                 
Industrials (9.2%)
AECOM Technology Corp.*
    60,800       1,725  
American Superconductor Corp.*
    55,000       1,590  
First Solar, Inc.*
    25,000       3,066  
Precision Castparts Corp.
    22,000       2,788  
Shaw Group, Inc. (The)*
    33,100       1,139  
                 
              10,308  
                 
Information Technology (36.8%)
Altera Corp.
    78,900       1,918  
Apple, Inc.*
    24,000       5,638  
AsiaInfo Holdings, Inc.*
    29,800       789  
Broadcom Corp., Cl A
    49,500       1,642  
Cisco Systems, Inc.*
    105,700       2,751  
Cognizant Technology Solutions Corp., Cl A*
    117,300       5,980  
Concur Technologies, Inc.*
    26,200       1,075  
Cree, Inc.*
    15,500       1,088  
F5 Networks, Inc.*
    27,900       1,716  
Google, Inc., Cl A*
    9,000       5,103  
OpenTable, Inc.*
    11,000       419  
Paychex, Inc.
    73,600       2,260  
QUALCOMM, Inc.
    116,300       4,884  
Sourcefire, Inc.*
    30,400       698  
VistaPrint NV*
    86,700       4,964  
                 
              40,925  
                 
Telecommunication Services (6.6%)
American Tower Corp., Cl A*
    40,300       1,717  
NII Holdings, Inc.*
    70,600       2,941  
tw telecom, Inc.*
    146,000       2,650  
                 
              7,308  
                 
Total Common Stocks
            110,071  
                 
Short-Term Investment (2.0%)
RidgeWorth Funds Securities Lending Joint Account(b)(c)
    2,182       2,182  
                 
Total Short-Term Investment
            2,182  
                 
Money Market Fund (1.3%)
RidgeWorth Institutional Cash Management Money Market Fund(b)
    1,417,852       1,418  
                 
Total Money Market Fund
            1,418  
                 
Total Investments (Cost $70,636)(d) — 102.2%
            113,671  
Liabilities in excess of other assets — (2.2)%
            (2,415 )
                 
Net Assets — 100.0%
          $ 111,256  
                 
 
 
* Non-income producing security.
 
(a) This security or a partial position of the security was on loan as of March 31, 2010. The total value of securities on loan as of March 31, 2010, in thousands, was $2,104.
 
(b) Affiliated investment.
 
(c) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2010 (See Notes to Financial Statements).
 
(d) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
See Notes to Financial Statements.


43


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
Emerging Growth Stock Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Common Stocks (97.6%)
Consumer Discretionary (21.4%)
Blue Nile, Inc.*
    13,000       715  
drugstore.com, Inc.*
    76,900       275  
hhgregg, Inc.*
    10,000       252  
J. Crew Group, Inc.*
    11,000       505  
Lululemon Athletica, Inc.*
    17,600       730  
MercadoLibre, Inc.*
    19,300       931  
Netflix, Inc.*(a)
    2,500       184  
Priceline.com, Inc.*
    2,500       638  
Rue21, Inc.*
    3,700       128  
                 
              4,358  
                 
Financials (12.3%)
Alliance Data Systems Corp.*
    7,500       480  
Greenhill & Co., Inc.
    2,900       238  
IntercontinentalExchange, Inc.*
    2,100       236  
Portfolio Recovery Associates, Inc.*
    8,900       488  
Stifel Financial Corp.*
    11,800       634  
Verisk Analytics, Inc., Cl A*
    14,900       420  
                 
              2,496  
                 
Health Care (19.2%)
Covance, Inc.*
    6,700       411  
Dendreon Corp.*
    4,500       164  
HMS Holdings Corp.*
    19,100       974  
Human Genome Sciences, Inc.*
    3,500       106  
IDEXX Laboratories, Inc.*
    5,300       305  
Illumina, Inc.*
    5,000       194  
Intuitive Surgical, Inc.*
    1,000       348  
IPC The Hospitalist Co.*
    6,700       235  
Nektar Therapeutics*
    7,200       110  
Salix Pharmaceuticals Ltd.*
    7,000       261  
SXC Health Solutions Corp.
    9,000       606  
Vertex Pharmaceuticals, Inc.*
    4,700       192  
                 
              3,906  
                 
Industrials (8.8%)
A123 Systems, Inc.*(a)
    3,000       41  
American Superconductor Corp.*
    27,800       804  
First Solar, Inc.*
    3,700       454  
Shaw Group, Inc. (The)*
    14,500       499  
                 
              1,798  
                 
Information Technology (35.9%)
Altera Corp.
    16,600       404  
AsiaInfo Holdings, Inc.*
    20,600       546  
Concur Technologies, Inc.*
    14,900       611  
Constant Contact, Inc.*
    13,400       311  
Cree, Inc.*
    3,000       211  
F5 Networks, Inc.*
    5,700       351  
FactSet Research Systems, Inc.
    3,100       227  
Isilon Systems, Inc.*
    55,300       476  
OpenTable, Inc.*
    20,700       789  
Pegasystems, Inc.
    23,900       884  
Rackspace Hosting, Inc.*
    20,800       390  
Skyworks Solutions, Inc.*
    29,000       452  
Sourcefire, Inc.*
    32,300       741  
VanceInfo Technologies, Inc. SP ADR*
    5,000       111  
VistaPrint NV*
    11,300       647  
WebMD Health Corp.*
    3,600       167  
                 
              7,318  
                 
Total Common Stocks
            19,876  
                 
Short-Term Investment (1.0%)
RidgeWorth Funds Securities Lending Joint Account(b)(c)
    194       194  
                 
Total Short-Term Investment
            194  
                 
Total Investments (Cost $12,881)(d) — 98.6%
            20,070  
Other assets in excess of liabilities — 1.4%
            286  
                 
Net Assets — 100.0%
          $ 20,356  
                 
 
 
* Non-income producing security.
 
(a) This security or a partial position of the security was on loan as of March 31, 2010. The total value of securities on loan as of March 31, 2010, in thousands, was $187.
 
(b) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2010 (See Notes to Financial Statements).
 
(c) Affiliated investment.
 
(d) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
SP ADR — Sponsored American Depositary Receipt
 
See Notes to Financial Statements.


44


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
International Equity 130/30 Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Long Positions (131.6%)
Foreign Common Stocks (127.2%)
Australia (6.2%)
Alumina Ltd. SP ADR(a)
    118,300       741  
Fortescue Metals Group Ltd.*(a)
    244,000       1,097  
Harvey Norman Holdings Ltd.
    243,941       810  
James Hardie Industries SE*
    181,641       1,210  
Metcash Ltd.
    218,100       828  
Stockland Trust Group
    323,030       1,182  
TABCORP Holdings Ltd.(a)
    178,951       1,133  
Tatts Group Ltd.(a)
    279,670       631  
                 
              7,632  
                 
Austria (1.2%)
Voestalpine AG(a)
    37,800       1,529  
                 
Belgium (3.1%)
Delhaize Group(a)
    14,300       1,149  
Fortis*
    423,200       1,507  
KBC Bank & Insurance Holding Co. NV*
    25,500       1,235  
                 
              3,891  
                 
Bermuda (0.9%)
Noble Group Ltd.
    516,000       1,129  
                 
Canada (5.4%)
Barrick Gold Corp.
    31,700       1,215  
Cenovus Energy, Inc.(a)
    21,600       566  
EnCana Corp.(a)
    27,700       860  
InterOil Corp.*
    18,600       1,205  
National Bank of Canada
    20,300       1,236  
Talisman Energy, Inc.(a)
    90,000       1,535  
                 
              6,617  
                 
Cayman Islands (0.6%)
Longtop Financial Technologies Ltd. SP ADR(a)
    21,700       699  
                 
Chile (0.5%)
Enersis SA SP ADR(a)
    28,300       566  
                 
China (1.7%)
China Petroleum & Chemical Corp. ADR(a)
    16,400       1,349  
Perfect World Co. Ltd. SP ADR*
    21,300       798  
                 
              2,147  
                 
Denmark (0.4%)
H. Lundbeck A/S(a)
    28,500       537  
                 
Finland (1.8%)
Sampo PLC, Cl A
    43,600       1,156  
Wartsila Corp.(a)
    20,400       1,033  
                 
              2,189  
                 
France (6.5%)
AXA SA SP ADR(a)
    71,200       1,569  
Bouygues SA(a)
    30,800       1,548  
EDF Energies Nouvelles SA
    17,300       827  
Eurazeo
    16,900       1,174  
PagesJaunes SA
    52,500       603  
Sanofi-Aventis SP ADR(a)
    32,700       1,222  
Vivendi(a)
    40,100       1,073  
                 
              8,016  
                 
Germany (9.0%)
Allianz SE(a)
    14,600       1,833  
BASF SE(a)
    45,300       2,814  
Bayerische Motoren Werke AG
    26,400       1,220  
Deutsche Bank AG GRS(a)
    7,600       584  
E.ON AG
    42,800       1,580  
Hannover Rueckversicherung AG*(a)
    32,900       1,624  
Muenchener Rueckversicherungs-Gesellschaft AG(a)
    9,200       1,495  
                 
              11,150  
                 
Greece (2.0%)
Hellenic Telecommunications Organization SA
    64,700       803  
National Bank of Greece SA SP ADR
    82,800       336  
OPAP SA
    45,200       1,026  
Titan Cement Co. SA
    13,571       359  
                 
              2,524  
                 
Hong Kong (2.0%)
Hopson Development Holdings Ltd.Ù
    740,117       1,195  
Li & Fung Ltd.
    141,019       694  
Yue Yuen Industrial (Holdings) Ltd.(b)
    166,051       577  
                 
              2,466  
                 
Ireland (1.3%)
Bank of Ireland SP ADR*(a)
    90,162       802  
SkillSoft PLC ADR(a)
    77,500       800  
                 
              1,602  
                 
Italy (4.2%)
Benetton Group SpA(a)
    62,700       520  
Finmeccanica SpA(a)
    48,200       643  
MEDIOBANCA — Banca di Credito Finanziario SpA*(a)
    110,555       1,188  
Parmalat SpA(a)
    302,700       829  
Snam Rete Gas SpA(a)
    161,600       819  
Telecom Italia SpA(a)
    1,049,800       1,184  
                 
              5,183  
                 
                 
 
See Notes to Financial Statements.


45


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
International Equity 130/30 Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Japan (22.8%)
Benesse Holdings, Inc.
    33,500       1,452  
Chiba Bank Ltd. (The)(a)
    198,000       1,184  
Dai Nippon Printing Co. Ltd.(a)
    114,000       1,540  
Daito Trust Construction Co. Ltd.(a)
    22,800       1,100  
Denki Kagaku Kogyo Kabushiki Kaisha(a)
    287,000       1,234  
DIC Corp.(a)
    611,000       1,320  
Don Quijote Co. Ltd.
    48,200       1,204  
Fuji Heavy Industries Ltd.*
    234,000       1,212  
Fujitsu Ltd.(a)
    190,000       1,244  
GS Yuasa Corp.
    174,000       1,175  
Hitachi Ltd.*(a)
    157,000       586  
JGC Corp.(a)
    65,000       1,160  
Kinden Corp.(a)
    65,000       570  
Maruichi Steel Tube Ltd.(a)
    57,400       1,164  
Mitsubishi Chemical Holdings Corp.(a)
    268,000       1,371  
Mitsui Chemicals, Inc.(a)
    395,000       1,196  
Mitsui Engineering & Shipbuilding Co. Ltd.(a)
    439,000       1,094  
Mitsui Mining & Smelting Co. Ltd.
    194,000       581  
Nippon Television Network Corp.(a)
    8,350       1,136  
Rengo Co. Ltd.(a)
    187,000       1,100  
Shiseido Co. Ltd.(a)
    72,000       1,564  
Showa Denko Kabushiki Kaisha(a)
    673,000       1,519  
Toyo Suisan Kaisha, Ltd.(a)
    54,000       1,397  
Yamato Transport Co. Ltd.(a)
    80,000       1,125  
                 
              28,228  
                 
Mexico (0.5%)
Grupo Aeroportuario del Sureste SAB de CV SP ADR
    11,600       601  
                 
Netherlands (5.8%)
Akzo Nobel NV(a)
    31,800       1,812  
Brit Insurance Holdings NV
    61,175       698  
Koninklijke (Royal) KPN NV(a)
    148,800       2,357  
Royal Philips Electronics NV(a)
    55,600       1,783  
STMicroelectronics NV NYS(a)
    59,300       585  
                 
              7,235  
                 
Norway (3.9%)
SeaDrill Ltd.
    50,100       1,168  
StatoilHydro ASA SP ADR(a)
    106,300       2,480  
Yara International ASA
    27,700       1,203  
                 
              4,851  
                 
Peru (1.0%)
Compania de Minas Buenaventura SA SP ADR(a)
    38,800       1,202  
                 
Portugal (2.0%)
Banco Espirito Santo SA*
    220,200       1,190  
Energias de Portugal SA
    308,000       1,224  
                 
              2,414  
                 
Russian Federation (1.3%)
Gazprom SP ADR(a)
    45,200       1,061  
Vimpel-Communications SP ADR
    31,800       585  
                 
              1,646  
                 
Singapore (2.8%)
SembCorp Industries, Ltd.
    417,000       1,231  
Singapore Press Holdings Ltd.
    545,000       1,489  
SMRT Corp. Ltd.
    489,000       713  
                 
              3,433  
                 
South Africa (1.1%)
Gold Fields Ltd. SP ADR(a)
    67,200       848  
Metropolitan Holdings Ltd.
    199,900       464  
                 
              1,312  
                 
Spain (2.8%)
Acciona SA
    10,400       1,153  
Banco Espanol de Credito SA
    111,400       1,173  
Indra Sistemas SA
    53,000       1,087  
                 
              3,413  
                 
Sweden (5.6%)
Boliden AB(a)
    89,200       1,275  
Electrolux AB, Ser B
    53,900       1,232  
Nordea Bank AB(a)
    111,600       1,102  
Securitas AB, Cl B(a)
    95,900       1,023  
Svenska Cellulosa AB, Cl B(a)
    82,500       1,164  
TeliaSonera AB(a)
    153,500       1,090  
                 
              6,886  
                 
Switzerland (8.1%)
Actelion Ltd.*(a)
    18,100       824  
Baloise Holding AG(a)
    17,600       1,561  
Credit Suisse Group AG SP ADR(a)
    23,800       1,223  
Nestle SA SP ADR(a)
    53,000       2,714  
Novartis AG SP ADR(a)
    43,800       2,370  
Schindler Holding AG(a)
    15,500       1,365  
                 
              10,057  
                 
Turkey (1.3%)
Turkcell Iletisim Hizmetleri AS SP ADR(a)
    104,800       1,578  
                 
                 
 
See Notes to Financial Statements.


46


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
International Equity 130/30 Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
United Kingdom (21.4%)
AMEC PLC(a)
    50,900       617  
Amlin PLC(a)
    254,200       1,497  
AstraZeneca PLC SP ADR(a)
    31,500       1,409  
BAE Systems PLC(a)
    264,800       1,492  
BG Group PLC
    84,100       1,455  
BHP Billiton PLC SP ADR(a)
    17,800       1,218  
BT Group PLC(a)
    925,200       1,739  
Centrica PLC
    269,100       1,200  
Drax Group PLC(a)
    281,400       1,595  
G4S PLC
    295,300       1,172  
GlaxoSmithKline PLC SP ADR(a)
    56,000       2,157  
Imperial Tobacco Group PLC(a)
    48,300       1,473  
Invensys PLC(a)
    226,300       1,170  
Kazakhmys PLC*(a)
    54,900       1,272  
Kingfisher PLC(a)
    507,800       1,652  
Logica PLC(a)
    436,000       903  
Old Mutual PLC*
    669,200       1,244  
Provident Financial PLC(a)
    91,500       1,204  
RSA Insurance Group PLC(a)
    737,300       1,426  
Smith & Nephew PLC SP ADR(a)
    11,600       581  
                 
              26,476  
                 
Total Foreign Common Stocks
            157,209  
                 
Rights — Foreign (0.4%)
 
Italy (0.4%)
Fondiaria-Sai SpA(a)
    45,600       479  
                 
Total Rights — Foreign
            479  
                 
Warrants — Foreign (0.0%)
 
Italy (0.0%)
MEDIOBANCA — Banca di Credito Finanziario SpA
    79,100       10  
                 
Total Warrants — Foreign
            10  
                 
Short-Term Investment (4.0%)
Brown Brothers Harriman & Co., Cayman Islands Cash Sweep, 0.030%, 04/01/10(c)
    4,999       4,999  
                 
Total Short-Term Investment
            4,999  
                 
Total Investments — 131.6%
               
Total Long Positions (Cost $158,581)(d)
            162,697  
Liabilities in excess of other assets — (2.7)%
            (3,300 )
Short Positions (see summary below) — (28.9)%
            (35,733 )
                 
Net Assets — 100.0%
          $ 123,664  
                 
Short Positions ((28.9)%)
Foreign Common Stocks Sold Short ((28.9)%)
Canada ((1.7)%)
Magna International, Inc., Cl A
    (13,200 )     (816 )
Suncor Energy, Inc.
    (37,800 )     (1,230 )
                 
              (2,046 )
                 
Chile ((0.4)%)
Sociedad Quimica y Minera de Chile SA SP ADR
    (14,000 )     (523 )
                 
China ((0.5)%)
China Telecom Corp., Ltd. SP ADR
    (11,900 )     (583 )
                 
Denmark ((1.0)%)
Vestas Wind Systems A/S*
    (22,600 )     (1,228 )
                 
Finland ((1.0)%)
UPM-Kymmene Oyj
    (90,900 )     (1,206 )
                 
France ((7.7)%)
Accor SA
    (21,900 )     (1,211 )
Air France — KLM*
    (74,700 )     (1,181 )
Electricite de France
    (21,500 )     (1,173 )
Essilor International SA
    (19,200 )     (1,226 )
Lafarge SA
    (16,200 )     (1,140 )
Pernod Ricard SA
    (13,402 )     (1,138 )
Sodexo
    (20,300 )     (1,213 )
Suez Environnement SA
    (54,000 )     (1,243 )
                 
              (9,525 )
                 
Germany ((0.5)%)
Hamburger Hafen und Logistik AG
    (14,800 )     (567 )
                 
Japan ((8.6)%)
AMADA Co. Ltd.
    (72,000 )     (604 )
AOYAMA TRADING Co. Ltd.
    (18,800 )     (310 )
Bridgestone Corp.
    (83,200 )     (1,421 )
CHIYODA Corp.
    (85,000 )     (844 )
Hitachi Construction Machinery Co. Ltd.
    (25,700 )     (607 )
MORI SEIKI Co. Ltd.
    (60,200 )     (743 )
Shin-Etsu Chemical Co. Ltd.
    (28,600 )     (1,662 )
Sumitomo Mitsui Financial Group, Inc.
    (109,800 )     (796 )
TAISHO PHARMACEUTICAL Co. Ltd.
    (62,000 )     (1,128 )
Tokyo Steel Manufacturing Co., Ltd.
    (47,900 )     (600 )
Toshiba Corp.*
    (155,000 )     (801 )
Toyota Motor Corp. SP ADR
    (15,300 )     (1,230 )
                 
              (10,746 )
                 
Mexico ((2.4)%)
CEMEX SAB de CV SP ADR*
    (111,400 )     (1,137 )
Grupo Televisa SA SP ADR
    (58,500 )     (1,230 )
 
See Notes to Financial Statements.


47


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
International Equity 130/30 Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Mexico—continued
                 
Telmex Internacional, SAB de CV SP ADR
    (30,800 )     (594 )
                 
              (2,961 )
                 
Spain ((0.9)%)
Iberdrola SA
    (136,300 )     (1,155 )
                 
Sweden ((0.5)%)
Volvo AB, B Shares
    (59,200 )     (596 )
                 
Switzerland ((1.2)%)
Lindt & Spruengli AG
    (27 )     (731 )
Lonza Group AG
    (9,600 )     (783 )
                 
              (1,514 )
                 
United Kingdom ((2.5)%)
Autonomy Corp. PLC*
    (34,600 )     (957 )
Carnival PLC
    (28,600 )     (1,174 )
United Business Media Ltd.
    (114,400 )     (952 )
                 
              (3,083 )
                 
Total Investment Securities Sold Short (Proceeds $34,289)
            (35,733 )
                 
 
 
* Non-income producing security.
 
(a) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(b) Valued at fair value using procedures approved by the Board. Fair valued securities held by the Fund represent 0.47% of net assets as of March 31, 2010.
 
(c) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(d) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
ADR
— American Depositary Receipt
 
GRS — Global Registered Shares
 
NYS — New York Registered Shares
 
SP ADR — Sponsored American Depositary Receipt
 
The investment concentrations for the International Equity 130/30 Fund as a percentage of net assets, by sector, as of March 31, 2010, were as follows:
 
             
Long:
           
Financials
    27.4 %    
Materials
    21.3      
Industrials
    17.1      
Consumer Discretionary
    17.0      
Energy
    9.4      
Telecommunication Services
    8.8      
Consumer Staples
    8.0      
Health Care
    7.4      
Utilities
    7.2      
Short-Term Investment
    5.4      
Information Technology
    4.0      
Short:
           
Consumer Discretionary
    (7.7 )    
Industrials
    (6.7 )    
Materials
    (3.7 )    
Utilities
    (2.9 )    
Telecommunication Services
    (1.9 )    
Health Care
    (1.5 )    
Consumer Staples
    (1.5 )    
Information Technology
    (1.4 )    
Energy
    (1.0 )    
Financials
    (0.6 )    
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
At March 31, 2010, the Fund’s forward foreign currency contracts were as follows:
 
                                         
        Contract
           
        Amount in
  Contract
      Unrealized
    Delivery
  Local
  Value in
  Market
  Appreciation/
Currency   Date   Currency   USD($)   Value($)   (Depreciation)($)
 
Long:
                                       
Japanese Yen
    04/05/10       14,911     $ 160     $ 159     $ (1 )
South African Rand
    04/08/10       4,049       556       556        
                                         
Total Long Contracts
                  $ 716     $ 715     $ (1 )
                                         
 
The total amount of USD forward foreign currency contracts outstanding was $(716), in thousands, as of March 31, 2010. The monthly average of USD forward foreign currency contract trading was $(49) in thousands, for the year ended March 31, 2010.
 
See Notes to Financial Statements.


48


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
International Equity Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Common Stock (0.2%)
 
United States (0.2%)
USEC, Inc.*
    97,471       562  
                 
Total Common Stock
            562  
                 
Foreign Common Stocks (98.1%)
 
Australia (5.4%)
Australia & New Zealand Banking Group Ltd.
    129,464       3,012  
Challenger Financial Services Group Ltd.
    76,110       294  
Downer EDI Ltd.
    321,266       2,228  
Macquarie Group Ltd.
    59,500       2,579  
National Australia Bank Ltd.
    154,309       3,896  
Qantas Airways Ltd.*
    1,232,910       3,212  
                 
              15,221  
                 
Austria (2.6%)
Erste Group Bank AG
    30,947       1,300  
OMV AG
    81,074       3,042  
Voestalpine AG
    76,952       3,112  
                 
              7,454  
                 
Belgium (0.3%)
Anheuser-Busch InBev NV
    19,080       961  
                 
Bermuda (1.0%)
Texwinca Holdings Ltd.
    2,493,721       2,753  
                 
Brazil (2.6%)
Gerdau SA
    96,574       1,574  
Gerdau SA SP ADR
    25,529       416  
Petroleo Brasileiro SA
    137,611       2,728  
Rossi Residencial SA
    216,498       1,498  
Vale SA SP ADR
    9,436       304  
Vivo Participacoes SA
    27,168       737  
                 
              7,257  
                 
Canada (0.6%)
Research In Motion Ltd.*
    21,839       1,615  
                 
Cayman Islands (0.3%)
Gartmore Group Ltd.
    140,000       265  
Pacific Textiles Holdings Ltd.
    800,000       506  
                 
              771  
                 
China (0.9%)
PetroChina Co. Ltd., Cl H
    2,154,061       2,519  
                 
France (10.8%)
BNP Paribas
    8,271       635  
Bouygues SA
    36,559       1,838  
Capgemini SA
    36,022       1,774  
Compagnie Generale de Geophysique-Veritas*
    22,059       626  
Credit Agricole SA
    155,266       2,718  
PSA Peugeot Citroen SA*
    64,672       1,904  
Publicis Groupe
    68,725       2,940  
Sanofi-Aventis
    63,919       4,764  
Schneider Electric SA
    16,315       1,913  
Societe Generale
    74,292       4,672  
Vinci SA
    55,034       3,243  
Vivendi
    123,587       3,307  
                 
              30,334  
                 
Germany (9.8%)
Adidas AG
    25,691       1,373  
Allianz SE
    35,632       4,473  
BASF SE
    72,944       4,530  
Deutsche Bank AG(a)
    63,658       4,909  
Deutsche Lufthansa AG
    144,959       2,399  
HeidelbergCement AG
    38,205       2,140  
MAN AG(a)
    29,805       2,494  
Siemens AG
    39,590       3,970  
Stada Arzneimittel AG
    35,164       1,396  
                 
              27,684  
                 
Greece (1.3%)
National Bank of Greece SA*
    51,298       1,032  
Public Power Corp. SA*
    142,393       2,500  
                 
              3,532  
                 
Hong Kong (3.1%)
BOC Hong Kong Holdings Ltd.
    1,029,500       2,456  
Industrial & Commercial Bank of China (Asia) Ltd.
    2,248,194       5,629  
Industrial & Commercial Bank of China Ltd., H Shares
    749,208       571  
                 
              8,656  
                 
Hungary (0.5%)
OTP Bank Nyrt. PLC*
    39,763       1,392  
                 
India (2.3%)
ICICI Bank Ltd. SP ADR
    38,669       1,651  
Indiabulls Real Estate Ltd.
    409,953       1,393  
Satyam Computer Services Ltd. SP ADR*(a)
    393,796       2,056  
Tata Steel Ltd.
    107,979       1,520  
                 
              6,620  
                 
Italy (2.1%)
Intesa Sanpaolo SpA*
    454,483       1,692  
UniCredito Italiano SpA*
    1,387,127       4,098  
                 
              5,790  
                 
Japan (15.2%)
ARCS Co. Ltd.
    40,700       549  
Fuji Photo Film Co. Ltd.
    75,400       2,598  
Honda Motor Co. Ltd.
    93,788       3,311  
Itochu Techno-Solutions Corp.
    883,780       7,744  
 
See Notes to Financial Statements.


49


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
International Equity Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Japan—continued
                 
Miraca Holdings, Inc.
    26,900       820  
Mitsubishi UFJ Financial Group, Inc.
    348,702       1,828  
Mitsui & Co. Ltd.
    218,778       3,677  
NIPPON SHOKUBAI Co. Ltd.
    126,000       1,139  
Nippon Telegraph & Telephone Corp.
    91,216       3,845  
Nitto Denko Corp.
    37,113       1,441  
Okinawa Electric Power Co., Inc. (The)
    7,700       402  
Sharp Corp.
    56,168       702  
Shin-Etsu Chemical Co. Ltd.
    64,514       3,748  
Sumitomo Corp.
    271,344       3,121  
Sumitomo Electric Industries Ltd.
    46,200       566  
Sumitomo Mitsui Financial Group, Inc.
    32,905       1,088  
Takata Corp.
    114,339       2,931  
TOKAI RIKA Co. Ltd.
    58,000       1,191  
TS TECH Co. Ltd.
    109,986       2,062  
                 
              42,763  
                 
Luxembourg (1.1%)
ArcelorMittal
    74,051       3,249  
                 
Netherlands (2.2%)
ING Groep NV*
    407,752       4,071  
Koninklijke Ahold NV
    164,329       2,190  
                 
              6,261  
                 
Norway (1.5%)
Acergy SA
    74,781       1,368  
Telenor ASA*
    212,787       2,888  
                 
              4,256  
                 
Russian Federation (2.0%)
Gazprom
    129,355       3,018  
JSC MMC Norilsk Nickel*
    69,120       1,272  
Vimpel-Communications SP ADR
    77,767       1,432  
                 
              5,722  
                 
Singapore (3.1%)
Midas Holdings Ltd.(a)
    1,672,706       1,232  
Parkway Holdings Ltd.
    271,000       651  
SIA Engineering Co. Ltd.
    808,406       2,052  
United Overseas Bank Ltd.
    157,878       2,170  
Venture Corp. Ltd.
    440,685       2,747  
                 
              8,852  
                 
South Korea (0.7%)
POSCO(a)
    577       269  
POSCO SP ADR
    13,587       1,590  
                 
              1,859  
                 
Spain (2.4%)
Banco Santander Central Hispano SA
    171,664       2,281  
Telefonica SA
    195,287       4,626  
                 
              6,907  
                 
Sweden (1.2%)
Alfa Laval AB
    156,264       2,302  
Hennes & Mauritz AB
    16,651       1,082  
                 
              3,384  
                 
Switzerland (8.5%)
ABB Ltd.
    155,326       3,394  
Nestle SA
    127,546       6,534  
Roche Holding AG
    28,650       4,648  
Swiss Re*
    64,147       3,158  
Transocean Ltd.*
    34,964       3,020  
UBS AG*
    197,788       3,216  
                 
              23,970  
                 
Taiwan (1.7%)
Compal Electronics, Inc.
    1,809,920       2,369  
Lite-On Technology Corp.
    1,768,609       2,348  
                 
              4,717  
                 
Thailand (0.5%)
Bangkok Dusit Medical Services Public Co. Ltd.
    883,400       698  
Bangkok Dusit Medical Services Public Co. Ltd., Cl F
    220,700       168  
Thai Airways International Public Co. Ltd.
    369,200       323  
Thai Airways International Public Co. Ltd.
    379,600       284  
                 
              1,473  
                 
Turkey (0.6%)
Tofas Turk Otomobil Fabrikasi AS
    416,955       1,567  
                 
United Kingdom (13.8%)
Antofagasta PLC
    129,921       2,050  
Aviva PLC
    369,825       2,162  
BAE Systems PLC
    310,732       1,751  
Barclays PLC
    1,033,093       5,648  
British American Tobacco PLC
    105,369       3,632  
G4S PLC
    473,673       1,879  
GlaxoSmithKline PLC
    62,348       1,197  
Kazakhmys PLC*
    81,896       1,897  
Lloyds Banking Group PLC*
    1,717,863       1,636  
Logica PLC
    515,177       1,067  
Royal Dutch Shell PLC SP ADR
    37,534       2,077  
Royal Dutch Shell PLC, Cl A
    113,463       3,288  
Royal Dutch Shell PLC, Cl B
    115,763       3,189  
 
See Notes to Financial Statements.


50


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
International Equity Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
United Kingdom—continued
                 
SABMiller PLC
    102,233       2,997  
Xstrata PLC*
    228,941       4,337  
                 
              38,807  
                 
Total Foreign Common Stocks
            276,346  
                 
Preferred Stock (0.8%)
 
Brazil (0.8%)
Vale SA, Cl A
    79,233       2,200  
                 
Total Preferred Stock
            2,200  
                 
Short-Term Investments (3.9%)
Brown Brothers Harriman & Co., Cayman Islands Cash Sweep, 0.030%, 04/01/10(b)
    2,047       2,047  
RidgeWorth Funds Securities Lending Joint Account(c)(d)
    9,036       9,036  
                 
Total Short-Term Investments
            11,083  
                 
Total Investments (Cost $233,055)(e) — 103.0%
            290,191  
Liabilities in excess of other assets — (3.0)%
            (8,268 )
                 
Net Assets — 100.0%
          $ 281,923  
                 
 
 
* Non-income producing security.
 
(a) This security or a partial position of the security was on loan as of March 31, 2010. The total value of securities on loan as of March 31, 2010, in thousands, was $8,598.
 
(b) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(c) Investment in affiliate.
 
(d) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2010 (See Notes to Financial Statements).
 
(e) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
SP ADR — Sponsored American Depositary Receipt
 
The investment concentrations for the International Equity Fund as a percentage of net assets, by sector, as of March 31, 2010, were as follows:
 
           
Financials
    27.4 %  
Industrials
    16.7    
Materials
    12.4    
Consumer Discretionary
    11.0    
Energy
    10.3    
Consumer Staples
    6.0    
Telecommunication Services
    5.5    
Health Care
    5.1    
Short-Term Investment
    3.9    
Information Technology
    3.7    
Utilities
    1.0    
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


51


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
International Equity Index Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Foreign Common Stocks (97.8%)
Australia (5.3%)
AGL Energy Ltd.
    23,441       323  
Alumina Ltd.
    158,205       250  
Amcor Ltd.
    45,564       267  
AMP Ltd.
    108,971       626  
Aristocrat Leisure Ltd.
    26,474       110  
ASX Ltd.
    10,837       337  
Australia & New Zealand Banking Group Ltd.
    125,328       2,916  
AXA Asia Pacific Holdings Ltd.
    65,915       382  
BGP Holdings PLC(a)
    737,041        
BHP Billiton Ltd.
    171,888       6,874  
BlueScope Steel Ltd.*
    115,333       308  
Boral Ltd.
    39,517       203  
Brambles Ltd.
    79,281       535  
CFS Retail Property Trust
    113,370       195  
Coca-Cola Amatil Ltd.
    37,571       388  
Commonwealth Bank of Australia
    77,208       3,987  
Computershare Ltd.
    29,154       335  
CSL Ltd.
    33,722       1,127  
CSR Ltd.
    96,704       147  
Dexus Property Group
    247,075       184  
Fairfax Media Ltd.(b)
    151,612       250  
Fortescue Metals Group Ltd.*
    69,993       315  
Foster’s Group Ltd.
    106,528       517  
GPT Group
    560,479       296  
Incitec Pivot Ltd.
    94,781       302  
Insurance Australia Group Ltd.
    118,197       421  
Leighton Holdings Ltd.(b)
    9,401       336  
Lend Lease Group
    29,413       234  
Macquarie Atlas Roads Group
    32,799       28  
Macquarie Group Ltd.
    17,271       749  
Macquarie Infrastructure Group
    163,999       168  
Mirvac Group Ltd. REIT
    109,714       148  
National Australia Bank Ltd.
    100,913       2,548  
Newcrest Mining Ltd.
    26,384       794  
OneSteel Ltd.
    93,632       335  
Orica Ltd.
    21,216       521  
Origin Energy Ltd.
    45,713       694  
OZ Minerals Ltd.*(a)
    201,593       212  
Perpetual Ltd.(b)
    2,864       93  
QBE Insurance Group Ltd.
    53,514       1,023  
Rio Tinto Group Ltd.
    23,225       1,670  
Santos Ltd.
    48,330       650  
Sims Metal Management Ltd.
    9,542       190  
Sonic Healthcare Ltd.
    24,553       324  
Stockland Trust Group
    125,637       460  
Suncorp-Metway Ltd.
    74,477       583  
TABCORP Holdings Ltd.
    39,586       251  
Telstra Corp. Ltd.
    231,332       635  
Toll Holdings Ltd.
    41,648       283  
Transurban Group
    71,456       331  
Wesfarmers Ltd.
    55,072       1,606  
Wesfarmers Ltd. PPS
    9,259       271  
Westfield Group REIT
    109,190       1,208  
Westpac Banking Corp.
    150,736       3,850  
Woodside Petroleum Ltd.
    25,689       1,105  
Woolworths Ltd.
    65,422       1,680  
WorleyParsons Ltd.
    10,353       242  
                 
              44,817  
                 
Austria (1.7%)
Erste Group Bank AG
    78,553       3,299  
IMMOEAST AG*(b)
    175,419       962  
Oesterreichische Elektrizitaeswirtschafts AG
    34,557       1,372  
OMV AG
    65,207       2,446  
Raiffeisen International Bank-Holding AG(b)
    23,409       1,113  
Telekom Austria AG
    136,644       1,910  
Vienna Insurance Group
    16,853       890  
Voestalpine AG
    52,968       2,142  
                 
              14,134  
                 
Belgium (2.2%)
Anheuser-Busch InBev NV
    132,826       6,690  
Belgacom SA
    28,358       1,108  
Colruyt SA
    2,941       724  
Compagnie Nationale a Portefeuille SA
    6,589       345  
Delhaize Group
    19,295       1,550  
Dexia SA*(b)
    100,443       599  
Fortis*
    422,631       1,505  
Groupe Bruxelles Lambert SA
    14,287       1,262  
KBC Bank & Insurance Holding Co. NV*
    30,478       1,476  
Mobistar SA
    5,641       347  
Solvay SA
    11,035       1,134  
UCB SA
    20,143       860  
Umicore
    22,824       797  
                 
              18,397  
                 
Cyprus (0.1%)
Bank of Cyprus Public Co. Ltd.
    118,959       752  
                 
Denmark (1.5%)
A.P. Moller-Maersk A/S
    139       1,059  
A.P. Moller-Maersk A/S, Cl A
    73       532  
Carlsberg A/S, Cl B(b)
    14,034       1,178  
Coloplast A/S, Cl B
    3,485       384  
Danske Bank A/S*
    57,557       1,416  
DSV A/S
    24,379       436  
 
See Notes to Financial Statements.


52


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
International Equity Index Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Denmark—continued
                 
H. Lundbeck A/S
    1,239       23  
Novo Nordisk A/S, Cl B(b)
    57,429       4,457  
Novozymes A/S, Cl B
    6,033       668  
Topdanmark A/S*
    2,089       272  
Trygvesta AS
    3,024       200  
Vestas Wind Systems A/S*
    25,689       1,396  
William Demant Holding*
    3,536       250  
                 
              12,271  
                 
Finland (1.0%)
Fortum Corp.(b)
    32,354       791  
Kone Oyj, Cl B
    10,184       421  
Metso Corp.
    8,656       279  
Neste Oil Oyj(b)
    8,786       153  
Nokia Corp., Cl A
    262,757       4,091  
Nokian Renkaat Oyj(b)
    8,880       231  
Outokumpu Oyj
    10,158       223  
Rautaruukki Oyj
    7,429       161  
Sampo PLC, Cl A
    32,119       852  
Stora Enso Oyj
    44,081       336  
UPM-Kymmene Oyj(b)
    38,528       511  
Wartsila Corp.(b)
    5,106       259  
                 
              8,308  
                 
France (11.1%)
Accor
    13,352       739  
Aeroports De Paris
    3,115       256  
Air France-KLM*
    15,240       241  
Air Liquide SA
    24,496       2,940  
Alcatel*
    225,862       714  
Alstom
    18,084       1,128  
Atos Origin SA*
    5,391       271  
AXA SA
    142,509       3,170  
BNP Paribas
    84,292       6,473  
Bouygues SA
    19,595       985  
Bureau Veritas SA
    5,044       268  
Capgemini SA
    13,081       644  
Carrefour SA
    58,645       2,826  
Casino Guichard-Perrachon SA
    5,202       440  
Christian Dior SA
    6,208       662  
CNP Assurances SA
    3,482       329  
Compagnie de Saint-Gobain
    34,056       1,637  
Compagnie Generale de Geophysique-Veritas*
    14,995       425  
Compagnie Generale des Etablissements Michelin, Cl B
    13,825       1,019  
Credit Agricole SA
    80,690       1,412  
Danone SA
    50,638       3,050  
Dassault Systemes SA
    6,711       397  
Eiffage SA(b)
    4,309       223  
Electricite de France
    21,796       1,189  
Eramet
    545       188  
Essilor International SA
    19,009       1,213  
Eurazeo
    3,311       230  
European Aeronautic Defence & Space Co.(b)
    37,249       749  
Eutelsat Communications
    8,854       315  
Fonciere des Regions
    2,063       227  
France Telecom SA
    168,011       4,019  
GDF SUEZ
    111,673       4,313  
Gecina SA
    2,241       248  
Groupe Eurotunnel SA
    29,937       305  
Hermes International(b)
    5,237       727  
Icade
    2,218       247  
Imerys
    4,059       250  
Klepierre
    8,182       321  
L’Oreal SA
    21,842       2,297  
Lafarge SA
    18,914       1,331  
Lagardere SCA
    10,849       439  
Legrand SA
    9,560       302  
LVMH Moet Hennessy Louis Vuitton SA
    22,521       2,632  
M6 Metropole Television
    7,269       188  
Natixis*
    88,373       477  
Neopost SA
    3,568       285  
PagesJaunes SA(b)
    14,216       163  
Pernod Ricard
    18,215       1,547  
Pinault-Printemps-Redoute SA
    6,939       924  
PSA Peugeot Citroen SA*
    12,781       376  
Publicis Groupe
    12,399       530  
Renault SA*
    16,532       775  
Safran SA
    16,433       428  
Sanofi-Aventis
    97,151       7,241  
Schneider Electric SA
    20,224       2,372  
Scor SE
    14,672       371  
Societe BIC
    3,006       230  
Societe Generale
    56,866       3,576  
Societe Television Francaise 1
    13,241       246  
Sodexho Alliance SA
    8,820       527  
Suez Environnement SA
    26,508       610  
Technip SA
    9,149       744  
Thales SA
    7,912       318  
Total SA
    191,143       11,095  
Unibail-Rodamco
    7,596       1,539  
Vallourec SA(b)
    5,252       1,059  
Veolia Environnement
    36,047       1,250  
Vinci SA
    39,375       2,320  
Vivendi
    108,403       2,901  
                 
              93,883  
                 
                 
 
See Notes to Financial Statements.


53


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
International Equity Index Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Germany (14.0%)
Adidas AG
    31,762       1,697  
Allianz SE
    71,199       8,937  
BASF SE
    142,699       8,863  
Bayer AG
    128,509       8,679  
Bayerische Motoren Werke AG
    49,068       2,268  
Bayerische Motoren Werke AG
    8,409       295  
Beiersdorf AG
    13,472       805  
Celesio AG
    15,450       493  
Commerzbank AG*(b)
    113,074       970  
Daimler AG
    138,530       6,534  
Deutsche Bank AG
    93,630       7,220  
Deutsche Boerse AG
    30,919       2,290  
Deutsche Lufthansa AG
    36,228       600  
Deutsche Post AG
    133,789       2,314  
Deutsche Postbank AG*(b)
    14,306       456  
Deutsche Telekom AG
    440,476       5,990  
E.ON AG
    295,531       10,912  
Fraport AG
    6,130       323  
Fresenius SE
    4,975       366  
GEA Group AG
    25,922       602  
Hannover Rueckversicherung AG*
    10,367       512  
HeidelbergCement AG
    19,480       1,091  
Henkel AG & KGaA Vorzug
    25,765       1,385  
Henkel KGaA
    21,411       989  
Hochtief AG
    6,940       586  
Infineon Technologies AG*(b)
    169,977       1,178  
K+S AG
    23,590       1,430  
Linde AG
    22,982       2,731  
MAN AG(b)
    16,561       1,386  
Merck KGaA
    10,031       813  
Metro AG
    18,128       1,075  
Muenchener Rueckversicherungs-Gesellschaft AG
    30,593       4,970  
Puma AG Rudolf Dassler Sport
    907       287  
RWE AG
    64,877       5,762  
Salzgitter AG
    6,404       594  
SAP AG
    135,101       6,536  
Siemens AG
    126,789       12,714  
Solarworld AG(b)
    13,682       208  
Suedzucker AG
    13,030       288  
ThyssenKrupp AG
    53,388       1,835  
TUI AG*
    25,973       293  
United Internet AG*
    21,107       319  
Volkswagen AG(b)
    6,560       633  
Wacker Chemie AG
    2,376       354  
                 
              118,583  
                 
Greece (0.9%)
Alpha Bank A.E.*
    69,777       661  
Coca-Cola Hellenic Bottling Co. SA
    37,750       1,018  
EFG Eurobank Ergasias SA*
    66,377       610  
Hellenic Petroleum SA
    18,042       207  
Hellenic Telecommunications Organization SA
    48,550       602  
Marfin Investment Group SA
    134,990       310  
National Bank of Greece SA*
    115,217       2,318  
OPAP SA
    42,755       970  
Piraeus Bank SA*
    59,851       523  
Public Power Corp. SA*
    24,403       428  
Titan Cement Co. SA
    11,523       305  
                 
              7,952  
                 
Hong Kong (0.9%)
Bank of East Asia Ltd.
    57,402       211  
BOC Hong Kong Holdings Ltd.
    142,550       340  
Cheung Kong (Holdings) Ltd.
    53,000       683  
CLP Holdings Ltd.
    72,483       518  
Esprit Holdings Ltd.
    44,420       350  
Foxconn International Holdings Ltd.*(b)
    92,495       98  
Hang Lung Properties Ltd.
    81,317       328  
Hang Seng Bank Ltd.
    29,506       411  
Henderson Land Development Co. Ltd.
    42,220       297  
Hong Kong & China Gas Co. Ltd. (The)
    119,967       299  
Hong Kong Electric Holdings Ltd.
    53,336       316  
Hong Kong Exchanges & Clearing Ltd.
    35,550       593  
Hutchison Whampoa Ltd.
    83,650       612  
Li & Fung Ltd.
    85,671       422  
Link REIT (The)
    88,463       218  
New World Development Co. Ltd.
    99,343       195  
Sino Land Co. Ltd.
    10,315       20  
Sun Hung Kai Properties Ltd.
    43,850       660  
Swire Pacific Ltd.
    29,347       353  
Wharf Holdings Ltd. (The)
    52,691       297  
                 
              7,221  
                 
Ireland (0.9%)
Anglo Irish Bank Corp. PLC(b)(c)
    143,993       42  
Anglo Irish Bank Corp. PLC
    8,839       3  
CRH PLC
    188,406       4,705  
Elan Corp. PLC
    151,922       1,147  
Elan Corp. PLC*
    457       3  
Kerry Group PLC, Cl A
    45,804       1,420  
Ryanair Holdings PLC
    120,891       601  
                 
              7,921  
                 
                 
 
See Notes to Financial Statements.


54


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
International Equity Index Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Italy (8.4%)
A2A SpA
    254,155       477  
Assicurazioni Generali SpA
    258,334       6,200  
Autogrill SpA*
    26,532       323  
Autostrade SpA
    55,758       1,301  
Banca Carige SpA
    159,466       435  
Banca Monte dei Paschi di Siena SpA
    498,864       738  
Banca Popolare di Milano Scarl SpA
    85,169       529  
Banco Popolare Scarl*
    145,590       1,013  
Enel SpA
    1,438,834       8,045  
Eni SpA
    568,990       13,347  
Exor SpA
    16,284       283  
Fiat SpA*(b)
    158,908       2,069  
Finmeccanica SpA
    86,766       1,158  
Fondiaria-Sai SpA
    14,800       223  
Intesa Sanpaolo
    184,994       554  
Intesa Sanpaolo SpA*
    1,682,995       6,267  
Italcementi SpA(b)
    18,485       214  
Luxottica Group SpA
    24,999       668  
Mediaset SpA
    165,075       1,418  
MEDIOBANCA — Banca di Credito Finanziario SpA*
    105,731       1,136  
Mediolanum SpA
    57,135       334  
Parmalat SpA
    394,629       1,080  
Pirelli & C. SpA*
    617,245       379  
Prysmian SpA
    19,319       380  
Saipem SpA
    58,707       2,271  
Snam Rete Gas SpA
    311,519       1,579  
Telecom Italia SpA
    2,220,698       3,197  
Telecom Italia SpA
    1,335,800       1,506  
Terna SpA
    286,722       1,240  
UniCredito Italiano SpA*
    3,644,075       10,765  
Unione di Banche Italiane Scpa
    128,065       1,728  
Unipol Gruppo Finanziario SpA*
    186,539       211  
                 
              71,068  
                 
Japan (19.3%)
77 Bank Ltd.
    34,795       199  
Advantest Corp.(b)
    11,898       298  
AEON Co. Ltd.(b)
    51,519       585  
AEON MALL Co. Ltd.
    6,120       129  
Aioi Insurance Co. Ltd.
    44,885       231  
Aisin Seiki Co. Ltd.
    14,897       446  
Ajinomoto Co., Inc.
    55,670       551  
All Nippon Airways Co. Ltd.*(b)
    58,236       166  
Amada Co. Ltd.
    32,386       272  
Asahi Breweries Ltd.
    28,556       536  
Asahi Glass Co. Ltd.
    75,887       855  
Asahi Kasei Corp.
    102,113       549  
Astellas Pharma, Inc.
    34,655       1,255  
Bank of Kyoto Ltd. (The)
    29,560       272  
Bank of Yokohama Ltd. (The)
    101,620       498  
Benesse Holdings, Inc.
    6,816       295  
Bridgestone Corp.
    44,782       765  
Canon, Inc.
    77,108       3,572  
Casio Computer Co. Ltd.
    20,733       159  
Central Japan Railway Co.
    114       868  
Chiba Bank Ltd. (The)
    65,136       390  
Chubu Electric Power Co., Inc.
    49,230       1,231  
Chugai Pharmaceutical Co. Ltd.
    19,130       360  
Chugoku Electric Power Co., Inc. (The)(b)
    19,915       396  
Citizen Holdings Co. Ltd.
    25,898       177  
Credit Saison Co. Ltd.
    13,769       214  
Dai Nippon Printing Co. Ltd.
    43,714       591  
Daiichi Sankyo Co. Ltd.
    51,588       966  
Daikin Industries Ltd.
    17,614       721  
Daito Trust Construction Co. Ltd.
    7,280       351  
Daiwa House Industry Co. Ltd.
    43,605       492  
Daiwa Securities Group, Inc.
    96,990       511  
Denki Kagaku Kogyo Kabushiki Kaisha
    49,432       213  
DENSO Corp.
    34,573       1,030  
Dentsu, Inc.(b)
    15,211       400  
DOWA Mining Co. Ltd.
    23,583       142  
East Japan Railway Co.
    23,979       1,668  
Eisai Co. Ltd.(b)
    18,161       648  
Electric Power Development Co. Ltd.
    8,814       290  
Elpida Memory, Inc.*
    11,203       221  
FANUC Ltd.
    13,736       1,458  
Fast Retailing Co. Ltd.
    3,791       659  
Fuji Photo Film Co. Ltd.
    36,656       1,263  
Fujitsu Ltd.
    138,984       910  
Fukuoka Financial Group, Inc.
    71,619       304  
Furukawa Electric Co. Ltd. (The)
    56,920       296  
Gunma Bank Ltd. (The)
    36,620       203  
Hankyu Hanshin Holdings, Inc.
    94,742       439  
Hirose Electric Co. Ltd.
    2,901       335  
Hitachi Chemical Co. Ltd.
    9,517       206  
Hitachi Construction Machinery Co. Ltd.
    9,549       226  
Hitachi Ltd.*
    320,993       1,199  
Hokkaido Electric Power Co., Inc.
    12,065       232  
Hokuhoku Financial Group, Inc.
    119,284       262  
Hokuriku Electric Power Co.
    10,617       234  
Honda Motor Co. Ltd.
    120,215       4,244  
Hoya Corp.
    32,385       890  
 
See Notes to Financial Statements.


55


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
International Equity Index Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Japan—continued
                 
Ibiden Co. Ltd.
    10,792       372  
Inpex Holdings, Inc.
    65       477  
Isetan Mitsukoshi Holdings Ltd.(b)
    32,959       354  
Ishikawajima-Harima Heavy Industries Co. Ltd.
    120,248       220  
Isuzu Motors Ltd.*
    108,361       293  
Itochu Techno-Solutions Corp.
    114,698       1,005  
Iyo Bank Ltd. (The)
    22,902       218  
J. Front Retailing Co. Ltd.
    44,153       260  
Japan Real Estate Investment Corp. REIT
    40       341  
Japan Retail Fund Investment Corp. REIT
    140       165  
Japan Steel Works Ltd. (The)
    27,542       316  
Japan Tobacco, Inc.
    331       1,232  
JFE Holdings, Inc.
    36,034       1,451  
JGC Corp.
    17,150       306  
Joyo Bank Ltd. (The)
    59,607       266  
JS Group Corp.
    17,399       354  
JSR Corp.
    15,618       326  
Kajima Corp.
    76,090       186  
Kamigumi Co. Ltd.
    24,197       195  
Kaneka Corp.
    28,769       186  
Kansai Electric Power Co., Inc. (The)
    55,865       1,280  
Kansai Paint Co. Ltd.
    20,282       165  
Kao Corp.
    42,107       1,068  
Kawasaki Heavy Industries Ltd.
    122,711       339  
Kawasaki Kisen Kaisha Ltd.*
    55,200       220  
KDDI Corp.
    215       1,113  
Keihin Electric Express Railway Co. Ltd.
    40,717       335  
Keio Electric Railway Co. Ltd.
    41,925       283  
Keyence Corp.
    3,271       782  
Kintetsu Corp.(b)
    129,496       403  
Kirin Holdings Co. Ltd.
    64,460       951  
Kobe Steel Ltd.
    209,071       450  
Komatsu Ltd.
    68,324       1,433  
Konami Corp.
    8,591       166  
Konica Minolta Holdings, Inc.
    39,857       465  
Kubota Corp.
    84,736       772  
Kuraray Co. Ltd.
    29,996       404  
Kurita Water Industries Ltd.
    9,551       270  
Kyocera Corp.
    12,170       1,186  
Kyowa Hakko Kogyo Co. Ltd.
    23,846       246  
Kyushu Electric Power Co., Inc.
    30,168       657  
Lawson, Inc.
    5,883       251  
Mabuchi Motor Co. Ltd.
    2,662       153  
Makita Corp.
    10,356       341  
Marubeni Corp.
    128,146       797  
MARUI Group Co. Ltd.
    20,231       147  
Matsushita Electric Industrial Co. Ltd.
    143,257       2,192  
Matsushita Electric Works Ltd.
    32,141       406  
Mazda Motor Corp.
    85,760       241  
Meiji Holdings Co. Ltd.
    2,014       78  
Minebea Co. Ltd.
    36,772       224  
Mitsubishi Chemical Holdings Corp.
    94,169       482  
Mitsubishi Corp.
    98,441       2,580  
Mitsubishi Electric Corp.
    137,253       1,261  
Mitsubishi Estate Co. Ltd.
    86,717       1,419  
Mitsubishi Gas Chemical Co., Inc.
    35,147       212  
Mitsubishi Heavy Industries Ltd.
    223,867       927  
Mitsubishi Materials Corp.*
    89,525       258  
Mitsubishi Motors Corp.*(b)
    281,221       382  
Mitsubishi Tanabe Pharma Corp.
    17,386       246  
Mitsubishi UFJ Financial Group, Inc.
    893,310       4,683  
Mitsubishi UFJ Lease & Finance Co. Ltd.
    3,082       112  
Mitsui & Co. Ltd.
    126,036       2,118  
Mitsui Chemicals, Inc.
    53,174       161  
Mitsui Engineering & Shipbuilding Co. Ltd.(b)
    68,121       170  
Mitsui Fudosan Co. Ltd.
    63,385       1,076  
Mitsui O.S.K. Lines Ltd.
    92,346       663  
Mitsui Sumitomo Insurance Group Holdings, Inc.
    30,441       845  
Mitsui Trust Holdings, Inc.
    85,508       321  
Mizuho Financial Group, Inc.
    968,768       1,917  
Mizuho Securities Co. Ltd.
    55,122       175  
Murata Manufacturing Co. Ltd.
    16,877       959  
Namco Bandai Holdings, Inc.
    18,167       177  
NEC Corp.
    143,241       431  
NGK Insulators Ltd.
    20,788       424  
NGK Spark Plug Co. Ltd.
    15,390       209  
Nidec Corp.
    8,632       925  
Nikon Corp.
    26,842       586  
Nintendo Co. Ltd.
    7,356       2,463  
Nippon Building Fund, Inc.
    46       396  
Nippon Electric Glass Co. Ltd.
    30,951       436  
Nippon Express Co. Ltd.
    74,457       320  
Nippon Meat Packers, Inc.(b)
    16,692       211  
Nippon Mining Holdings, Inc.
    77,348       362  
Nippon Oil Corp.
    104,877       528  
Nippon Paper Group, Inc.
    8,313       214  
 
See Notes to Financial Statements.


56


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
International Equity Index Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Japan—continued
                 
Nippon Sheet Glass Co. Ltd.
    61,301       181  
Nippon Steel Corp.
    372,778       1,464  
Nippon Telegraph & Telephone Corp.
    37,202       1,568  
Nippon Yusen Kabushiki Kaisha
    95,071       375  
NIPPONKOA Insurance Co. Ltd.
    51,628       324  
Nissan Chemical Industries Ltd.
    13,396       187  
Nissan Motor Co. Ltd.*
    184,772       1,583  
Nisshin Seifun Group, Inc.
    18,270       236  
Nissin Food Products Co. Ltd.
    6,447       217  
Nitori Co. Ltd.
    2,868       218  
Nitto Denko Corp.
    13,016       505  
NOK Corp.
    10,374       156  
Nomura Holdings, Inc.
    258,155       1,903  
Nomura Real Estate Holdings, Inc.
    3,349       52  
Nomura Research Institute Ltd.
    9,315       212  
NSK Ltd.
    41,869       331  
NTN Corp.
    36,643       165  
NTT Data Corp.
    102       340  
NTT DoCoMo, Inc.
    1,132       1,725  
Obayashi Corp.
    57,656       256  
Odakyu Electric Railway Co. Ltd.
    52,339       436  
Oji Paper Co. Ltd.
    66,961       294  
Olympus Corp.
    17,349       557  
OMRON Corp.
    18,415       427  
Ono Pharmaceutical Co. Ltd.
    7,739       344  
Oriental Land Co. Ltd.
    3,627       253  
ORIX Corp.
    6,664       591  
Osaka Gas Co. Ltd.
    137,873       494  
Rakuten, Inc.
    574       415  
Resona Holdings, Inc.
    38,676       489  
Ricoh Co. Ltd.
    52,500       820  
ROHM Co. Ltd.
    8,475       633  
Sankyo Co. Ltd.
    5,027       249  
SANYO Electric Co. Ltd.*(b)
    137,502       221  
SBI Holdings, Inc.
    1,444       285  
Secom Co. Ltd.
    15,940       697  
Sega Sammy Holdings, Inc.
    16,722       202  
Seiko Epson Corp.
    11,577       180  
Sekisui Chemical Co. Ltd.
    42,556       289  
Sekisui House Ltd.
    42,527       425  
Seven & I Holdings Co. Ltd.
    56,634       1,369  
Sharp Corp.
    76,219       953  
Shikoku Electric Power Co., Inc.
    10,904       309  
Shimamura Co. Ltd.
    2,070       183  
Shimano, Inc.
    6,084       269  
Shimizu Corp.
    52,420       219  
Shin-Etsu Chemical Co. Ltd.
    29,879       1,736  
Shionogi & Co. Ltd.(b)
    25,264       481  
Shiseido Co. Ltd.
    31,123       676  
Shizuoka Bank Ltd. (The)
    50,301       439  
Showa Denko Kabushiki Kaisha
    111,970       253  
Showa Shell Sekiyu Kabushiki Kaisha
    17,253       117  
SMC Corp.
    4,167       566  
Softbank Corp.
    55,874       1,377  
Sojitz Corp.
    111,247       215  
Sompo Japan Insurance, Inc.
    67,960       477  
Sony Corp.
    73,676       2,822  
Sony Financial Holdings, Inc.
    73       240  
Stanley Electric Co. Ltd.
    12,300       239  
Sumitomo Chemical Co. Ltd.
    119,419       584  
Sumitomo Corp.
    85,416       982  
Sumitomo Electric Industries Ltd.
    55,515       681  
Sumitomo Heavy Industries Ltd.
    50,308       303  
Sumitomo Metal Industries Ltd.
    254,870       772  
Sumitomo Metal Mining Co. Ltd.
    40,585       604  
Sumitomo Mitsui Financial Group, Inc.
    93,339       3,086  
Sumitomo Realty & Development Co. Ltd.
    32,062       610  
Sumitomo Trust & Banking Co. Ltd. (The)
    110,496       648  
Suruga Bank Ltd.
    19,765       177  
Suzuken Co. Ltd.
    6,498       229  
Suzuki Motor Corp.
    27,742       612  
T&D Holdings, Inc.
    16,773       397  
Taisei Corp.
    87,787       193  
Taisho Pharmaceutical Co. Ltd.
    12,682       231  
Takashimaya Co. Ltd.
    28,279       232  
Takeda Pharmaceutical Co. Ltd.
    55,226       2,431  
TDK Corp.
    9,653       642  
Teijin Ltd.
    88,719       298  
Terumo Corp.
    13,530       721  
THK Co. Ltd.
    10,945       239  
Tobu Railway Co. Ltd.(b)
    58,641       326  
Toho Co. Ltd.
    10,363       167  
Tohoku Electric Power Co., Inc.
    33,224       702  
Tokio Marine Holdings, Inc.
    51,728       1,457  
Tokyo Electric Power Co., Inc. (The)
    88,086       2,348  
Tokyo Electron Ltd.
    13,253       879  
Tokyo Gas Co. Ltd.
    179,941       793  
Tokyu Corp.
    93,374       391  
Tokyu Land Corp.
    41,953       160  
TonenGeneral Sekiyu KK
    26,417       223  
Toppan Printing Co. Ltd.
    46,711       422  
Toray Industries, Inc.
    103,255       603  
 
See Notes to Financial Statements.


57


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
International Equity Index Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Japan—continued
                 
Toshiba Corp.*
    275,983       1,426  
Toyo Seikan Kaisha Ltd.
    12,523       222  
Toyota Industries Corp.
    13,587       388  
Toyota Motor Corp.
    209,262       8,384  
Toyota Tsusho Corp.
    18,719       294  
Trend Micro, Inc.
    8,603       300  
Ube Industries Ltd.
    92,827       238  
Uni-Charm Corp.
    3,892       376  
Ushio, Inc.
    10,311       175  
West Japan Railway Co.
    133       458  
Yahoo Japan Corp.
    1,121       408  
Yakult Honsha Co. Ltd.(b)
    8,832       238  
Yamada Denki Co. Ltd.
    6,929       511  
Yamaguchi Financial Group, Inc.
    19,225       210  
Yamaha Corp.
    14,373       186  
Yamaha Motor Co. Ltd.*
    20,207       303  
Yamato Transport Co. Ltd.
    32,298       454  
Yokogawa Electric Corp.
    23,067       201  
                 
              163,017  
                 
Jersey (0.1%)
Randgold Resources Ltd.
    3,883       295  
Shire PLC
    23,641       522  
                 
              817  
                 
Luxembourg (0.8%)
ArcelorMittal
    78,951       3,464  
Millicom International Cellular SA
    5,853       524  
Reinet Investments SCA
    1,037       16  
SES
    29,462       744  
Tenaris SA
    104,201       2,249  
                 
              6,997  
                 
Netherlands (4.1%)
Aegon NV*
    199,562       1,366  
Akzo Nobel NV
    29,803       1,698  
ASML Holding NV(b)
    49,986       1,786  
Corio NV
    5,861       391  
Fugro NV
    8,140       532  
Heineken Holding NV
    10,873       484  
Heineken NV
    32,519       1,671  
ING Groep NV*
    465,497       4,647  
Koninklijke (Royal) KPN NV
    214,094       3,392  
Koninklijke Ahold NV
    156,353       2,084  
Koninklijke Boskalis Westminster NV
    6,462       248  
Koninklijke DSM NV(b)
    17,985       802  
Koninklijke Vopak NV
    5,392       425  
QIAGEN NV*
    33,659       773  
Randstad Holding NV*
    12,503       594  
Reed Elsevier NV
    77,173       938  
Royal Philips Electronics NV(b)
    124,165       3,981  
SBM Offshore NV
    19,405       388  
TNT NV
    41,831       1,199  
Unilever NV
    208,542       6,307  
Wolters Kluwer NV
    35,245       764  
                 
              34,470  
                 
New Zealand (0.5%)
Auckland International Airport Ltd.
    349,186       481  
Contact Energy Ltd.
    134,382       611  
Fletcher Building Ltd.
    261,882       1,553  
Sky City Entertainment Group Ltd.
    242,422       554  
Telecom Corp. of New Zealand Ltd.
    800,905       1,234  
                 
              4,433  
                 
Norway (1.9%)
DnB NOR ASA*
    173,735       1,986  
Norsk Hydro ASA*
    152,872       1,166  
Orkla ASA
    172,834       1,529  
Renewable Energy Corp. ASA*(b)
    34,759       163  
SeaDrill Ltd.
    65,521       1,528  
StatoilHydro ASA
    249,451       5,779  
Telenor ASA*
    180,952       2,456  
Yara International ASA
    41,894       1,820  
                 
              16,427  
                 
Portugal (0.8%)
Banco Comercial Portugues SA
    627,714       698  
Banco Espirito Santo SA*
    145,989       789  
Brisa-Auto-estradas de Portugal SA
    43,483       369  
CIMPOR-Cimentos de Portugal SGPS SA
    67,496       510  
Energias de Portugal SA
    452,130       1,797  
Galp Energia SGPS SA
    40,677       706  
Jeronimo Martins SGPS SA
    55,664       564  
Portugal Telecom SGPS SA
    157,392       1,760  
                 
              7,193  
                 
Singapore (0.8%)
Capitaland Ltd.
    148,603       422  
City Developments Ltd.
    31,333       238  
DBS Group Holdings Ltd.
    103,004       1,053  
Fraser & Neave Ltd.
    13,303       46  
Jardine Cycle & Carriage Ltd.
    9,000       189  
Keppel Corp. Ltd.
    76,763       501  
Olam International Ltd.
    24,354       45  
Oversea-Chinese Banking Corp. Ltd.
    155,890       971  
 
See Notes to Financial Statements.


58


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
International Equity Index Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Singapore—continued
                 
Singapore Airlines Ltd.
    32,707       355  
Singapore Airport Terminal Services Ltd.
    23,284       44  
Singapore Exchange Ltd.
    51,010       279  
Singapore Press Holdings Ltd.(b)
    100,853       275  
Singapore Telecommunications Ltd.
    424,995       963  
United Overseas Bank Ltd.
    73,471       1,010  
UOL Group Ltd.
    32,427       90  
Wilmar International Ltd.
    51,347       246  
                 
              6,727  
                 
Spain (6.1%)
Abertis Infraestructuras SA
    37,547       723  
Acciona SA
    3,438       381  
Acerinox SA
    17,340       341  
Actividades de Construccion y Servicios (ACS) SA(b)
    18,856       870  
Banco Bilbao Vizcaya Argentaria SA
    449,670       6,152  
Banco de Sabadell SA(b)
    124,428       687  
Banco de Valencia SA
    34,303       219  
Banco Popular Espanol SA(b)
    101,888       750  
Banco Santander Central Hispano SA
    1,041,302       13,838  
Bankinter SA
    39,559       329  
Criteria Caixacorp SA
    113,675       563  
EDP Renovaveis SA*
    55,556       434  
Enagas
    22,761       499  
Ferrovial SA
    53,162       517  
Fomento de Construcciones y Contratas SA(b)
    5,896       216  
Gamesa Corporacion Tecnologica SA
    24,174       331  
Gas Natural SDG SA
    29,407       543  
Gestevision Telecinco SA
    10,848       170  
Grifols SA
    19,511       292  
Iberdrola Renovables
    111,551       463  
Iberdrola SA
    467,697       3,964  
Iberia Lineas Aereas de Espana SA*
    78,801       275  
Indra Sistemas SA
    13,030       267  
Industria de Diseno Textil SA
    28,760       1,896  
Mapfre SA(b)
    90,322       331  
Red Electrica Corporacion
    13,847       743  
Repsol YPF SA
    91,607       2,169  
Sacyr Vallehermoso Group SA*(b)
    12,618       111  
Telefonica SA
    540,970       12,814  
Zardoya Otis SA
    17,969       311  
                 
              51,199  
                 
Sweden (2.2%)
Alfa Laval AB
    27,067       399  
ASSA ABLOY AB, Ser B
    21,103       413  
Atlas Copco AB, Cl A
    43,057       668  
Atlas Copco AB, Cl B
    23,811       334  
Electrolux AB, Ser B
    17,742       406  
Getinge AB, Cl B
    13,350       320  
Hennes & Mauritz AB
    34,466       2,240  
Husqvarna AB, Cl B*
    37,908       276  
Investor AB, Cl B
    41,981       806  
Lundin Petroleum AB*
    15,165       128  
Nordea Bank AB(b)
    223,194       2,203  
Sandvik AB
    70,194       878  
Scania AB
    23,766       376  
Securitas AB, Cl B
    27,462       293  
Skandinaviska Enskilda Banken AB*
    111,277       711  
Skanska AB, Cl B
    31,554       574  
SKF AB, Cl B
    28,892       514  
SSAB AB, Ser A(b)
    11,817       212  
Svenska Cellulosa AB, Cl B
    36,984       522  
Svenska Handelsbanken AB, Cl A
    35,491       1,040  
Swedbank AB, Cl A
    28,871       296  
Swedish Match AB
    18,484       442  
Tele2 AB, Cl B
    25,069       418  
Telefonaktiebolaget LM Ericsson
    209,522       2,209  
TeliaSonera AB
    152,488       1,083  
Volvo AB, Cl A
    28,261       280  
Volvo AB, Cl B
    74,756       752  
                 
              18,793  
                 
Switzerland (2.2%)
ABB Ltd.
    53,048       1,159  
Actelion Ltd.*
    2,757       125  
Adecco SA
    3,661       208  
Compagnie Financiere Richemont SA, Cl A
    15,515       601  
Credit Suisse Group
    26,077       1,345  
GAM Holding Ltd.
    6,272       77  
Holcim Ltd.*
    6,164       460  
Julius Baer Holding AG
    6,272       228  
Nestle SA
    78,402       4,016  
Nobel Biocare Holding AG
    3,901       104  
Novartis AG
    51,483       2,781  
Roche Holding AG
    16,776       2,721  
SGS SA
    123       170  
STMicroelectronics NV
    61,848       616  
Swatch Group AG
    737       235  
Swiss Re*
    9,037       445  
Swisscom AG
    495       181  
Syngenta AG
    2,528       702  
 
See Notes to Financial Statements.


59


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
International Equity Index Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Switzerland—continued
                 
Synthes, Inc.
    1,404       175  
UBS AG*
    79,714       1,296  
Zurich Financial Services AG
    3,856       989  
                 
              18,634  
                 
United Kingdom (11.0%)
3i Group PLC
    21,982       97  
AMEC PLC
    17,481       212  
Anglo American PLC*
    57,451       2,505  
Antofagasta PLC
    20,243       319  
Associated British Foods PLC
    12,632       188  
AstraZeneca PLC
    62,519       2,788  
Autonomy Corp. PLC*
    10,489       290  
Aviva PLC
    116,609       682  
BAE Systems PLC
    161,782       911  
Barclays PLC
    479,102       2,619  
BG Group PLC
    148,630       2,572  
BHP Billiton PLC
    95,743       3,283  
BP PLC
    808,589       7,648  
British American Tobacco PLC
    86,835       2,993  
British Land Co. PLC (The)
    44,079       322  
British Sky Broadcasting Group PLC
    53,222       486  
BT Group PLC
    349,152       656  
Bunzl PLC
    18,017       197  
Burberry Group PLC
    23,854       259  
Cable & Wireless Communications PLC
    128,311       108  
Cable & Wireless Worldwide*
    128,311       179  
Cairn Energy PLC*
    69,679       441  
Capita Group PLC
    30,160       346  
Carnival PLC
    8,934       367  
Centrica PLC
    227,349       1,014  
Compass Group PLC
    78,455       626  
CRH PLC
    25,586       639  
Diageo PLC
    108,218       1,816  
Eurasian Natural Resources Corp.
    12,131       219  
Experian PLC
    49,303       485  
F&C Asset Management PLC
    12,792       12  
FirstGroup PLC
    26,122       142  
G4S PLC
    68,184       271  
GlaxoSmithKline PLC
    223,416       4,290  
Hammerson PLC
    37,352       223  
Home Retail Group PLC
    48,331       199  
HSBC Holdings PLC
    747,699       7,578  
ICAP PLC
    27,994       159  
Imperial Tobacco Group PLC
    45,146       1,377  
InterContinental Hotels Group PLC
    14,157       222  
International Power PLC
    72,643       352  
Invensys PLC
    39,851       206  
J Sainsbury PLC
    57,734       287  
Johnson Matthey PLC
    9,948       264  
Kazakhmys PLC*
    10,051       233  
Kingfisher PLC
    119,473       389  
Land Securities Group PLC REIT
    38,289       394  
Legal & General Group PLC
    264,526       353  
Liberty International PLC
    24,900       190  
Lloyds Banking Group PLC*
    1,659,981       1,581  
London Stock Exchange Group PLC
    8,672       93  
Lonmin PLC*
    6,591       204  
Man Group PLC
    79,801       292  
Marks & Spencer Group PLC
    76,575       430  
National Grid PLC
    105,183       1,024  
Next PLC
    8,044       264  
Old Mutual PLC*
    233,691       434  
Pearson PLC
    36,102       567  
Prudential PLC
    108,333       900  
Reckitt Benckiser Group PLC
    26,107       1,433  
Reed Elsevier PLC
    53,709       428  
Rexam PLC
    31,709       141  
Rio Tinto PLC
    59,007       3,496  
Rolls-Royce PLC
    79,100       715  
Royal Bank of Scotland Group PLC (The)*
    752,346       502  
Royal Dutch Shell PLC, Cl A
    155,249       4,499  
Royal Dutch Shell PLC, Cl B
    117,919       3,248  
RSA Insurance Group PLC
    158,564       307  
SABMiller PLC
    40,773       1,195  
Sage Group PLC (The)
    72,173       262  
Scottish & Southern Energy PLC
    40,649       679  
Segro PLC
    33,998       165  
Severn Trent PLC
    12,995       236  
Smith & Nephew PLC
    35,269       351  
Smiths Group PLC
    15,590       269  
Standard Chartered PLC
    86,841       2,368  
Standard Life PLC
    101,467       308  
Tesco PLC
    343,092       2,267  
Tomkins PLC
    48,561       174  
Tullow Oil PLC
    37,896       719  
Unilever PLC
    56,239       1,651  
United Utilities Group PLC
    37,540       318  
Vedanta Resources PLC
    6,489       273  
Vodafone Group PLC
    2,285,862       5,272  
Whitbread PLC
    9,597       215  
William Morrison Supermarkets PLC
    100,365       447  
Wolseley PLC*
    13,280       321  
 
See Notes to Financial Statements.


60


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
International Equity Index Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
United Kingdom—continued
                 
WPP PLC
    55,740       578  
Xstrata PLC*
    83,259       1,577  
                 
              92,611  
                 
Total Foreign Common Stocks
            826,625  
                 
Foreign Preferred Stocks (0.6%)
Germany (0.6%)
Fresenius AG, 1.510%
    12,454       936  
Fresenius Medical Care AG, 1.230%
    30,258       1,707  
Porsche AG, 5.000%
    13,129       798  
RWE AG, 1.750%
    5,806       476  
Volkswagen AG, 1.210%(b)
    16,607       1,523  
                 
Total Foreign Preferred Stocks
            5,440  
                 
Rights — Foreign (0.0%)
Germany (0.0%)
Volkswagen AG(b)
    23,167       15  
                 
United Kingdom (0.0%)
Lloyds Banking Group PLC
    812,491        
Wolseley PLC
    44,023        
                 
Total Rights — Foreign
            15  
                 
Warrants — Foreign (0.0%)
France (0.0%)
Fonciere Des Regions
    2,109       2  
                 
Italy (0.0%)
MEDIOBANCA — Banca di Credito Finanziario SpA
    132,417       17  
Unione di Banche Italiane Scpa
    182,276       9  
                 
              26  
                 
Total Warrants — Foreign
            28  
                 
Exchange Traded Funds (1.1%)
iShares MSCI Australia Index Fund(b)
    13,148       315  
iShares MSCI Austria Investable Market Index Fund(b)
    6,298       124  
iShares MSCI Belgium Investable Market Index Fund
    8,222       107  
iShares MSCI EAFE Index Fund
    48,980       2,743  
iShares MSCI EMU Index Fund(b)
    72,679       2,611  
iShares MSCI France Index Fund
    112       3  
iShares MSCI Germany Index Fund(b)
    24,979       547  
iShares MSCI Hong Kong Index Fund
    1,335       22  
iShares MSCI Italy Index Fund(b)
    23,726       433  
iShares MSCI Japan Index Fund(b)
    137,070       1,431  
iShares MSCI Netherlands Investable Market Index Fund(b)
    7,424       151  
iShares MSCI Singapore Index Fund
    2,845       33  
iShares MSCI Spain Index Fund(b)
    1,949       82  
iShares MSCI Sweden Index Fund
    6,596       167  
iShares MSCI United Kingdom Index Fund(b)
    34,744       565  
                 
Total Exchange Traded Funds
            9,334  
                 
Short-Term Investment (5.6%)
RidgeWorth Funds Securities Lending Joint Account(d)(e)
    47,361       47,361  
                 
Total Short-Term Investment
            47,361  
                 
Total Investments (Cost $644,338)(f) — 105.1%
            888,803  
Liabilities in excess of other assets — (5.1)%
            (43,223 )
                 
Net Assets — 100.0%
          $ 845,580  
                 
 
 
* Non-income producing security.
 
(a) The Fund’s adviser/subadviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. The illiquid securities held by the Fund as of March 31, 2010 are identified below (in thousands):
 
                                         
                    Percentage of
Issue
  Acquisition
  Cost
      Value
  Net Assets
Description   Date   ($)   Shares   ($)   (%)
 
 
BGP Holdings PLC
    12/15/08             737,041              
OZ Minerals Ltd.
    05/31/06       192       201,593       212       0.03  
 
(b) This security or a partial position of the security was on loan as of March 31, 2010. The total value of securities on loan as of March 31, 2010, in thousands, was $42,238.
 
(c) Valued at fair value using methods determined by the Board. Fair valued securities held by the Fund represent 0.00% of net assets as of March 31, 2010.
 
(d) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2010 (See Notes to Financial Statements).
 
(e) Affiliated investment.
 
(f) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
PPS
— Partially Protected Shares
 
REIT — Real Estate Investment Trust
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


61


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
International Equity Index Fund — concluded
 
The investment concentrations for the International Equity Index Fund as a percentage of net assets, by sector, as of March 31, 2010, were as follows:
 
         
Financials
    24.8 %
Industrials
    11.5  
Consumer Discretionary
    10.5  
Materials
    9.9  
Energy
    8.2  
Consumer Staples
    7.8  
Utilities
    7.3  
Telecommunication Services
    6.7  
Health Care
    6.3  
Information Technology
    5.4  
Short-Term Investment
    5.2  
Exchange Traded Funds
    1.1  
 
See Notes to Financial Statements.


62


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
Large Cap Core Equity Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Common Stocks (95.8%)
Consumer Discretionary (8.7%)
DIRECTV Group, Inc. (The), Cl A*
    198,000       6,694  
Guess?, Inc.
    97,000       4,557  
H&R Block, Inc.
    267,000       4,753  
Home Depot, Inc. (The)
    191,000       6,179  
McDonald’s Corp.
    108,000       7,206  
Target Corp.
    105,000       5,523  
Walt Disney Co. (The)
    173,000       6,039  
                 
              40,951  
                 
Consumer Staples (9.8%)
CVS Caremark Corp.
    194,000       7,093  
Kellogg Co.
    90,000       4,809  
Molson Coors Brewing Co., Cl B
    109,000       4,585  
PepsiCo, Inc.
    147,000       9,725  
Philip Morris International, Inc.
    117,000       6,103  
Procter & Gamble Co. (The)
    126,000       7,972  
Wal-Mart Stores, Inc.
    104,000       5,782  
                 
              46,069  
                 
Energy (10.1%)
Cameron International Corp.*
    147,000       6,301  
Chevron Corp.
    59,000       4,474  
EOG Resources, Inc.
    47,000       4,368  
Exxon Mobil Corp.
    115,000       7,703  
Halliburton Co.
    147,000       4,429  
Occidental Petroleum Corp.
    91,000       7,693  
Petroleo Brasileiro SA SP ADR
    141,000       5,582  
Williams Cos., Inc. (The)
    291,000       6,722  
                 
              47,272  
                 
Financials (14.9%)
Bank of America Corp.
    512,000       9,139  
Bank of New York Mellon Corp.
    297,000       9,171  
BlackRock, Inc.
    35,000       7,622  
Citigroup, Inc.*
    1,698,000       6,877  
Goldman Sachs Group, Inc. (The)
    25,000       4,266  
JPMorgan Chase & Co.
    198,000       8,860  
MetLife, Inc.
    123,000       5,331  
Travelers Cos., Inc. (The)
    107,000       5,772  
Wells Fargo & Co.
    234,000       7,282  
XL Capital Ltd., Cl A
    303,000       5,727  
                 
              70,047  
                 
Health Care (13.3%)
Abbott Laboratories
    127,000       6,690  
Amgen, Inc.*
    136,000       8,128  
Bristol-Myers Squibb Co.
    228,000       6,088  
Cardinal Health, Inc.
    168,000       6,053  
Johnson & Johnson
    121,000       7,889  
Pfizer, Inc.
    562,000       9,638  
Teva Pharmaceutical Industries Ltd. SP ADR
    126,000       7,948  
Thermo Fisher Scientific, Inc.*
    105,000       5,401  
UnitedHealth Group, Inc.
    149,000       4,868  
                 
              62,703  
                 
Industrials (10.8%)
Eaton Corp.
    61,000       4,622  
Emerson Electric Co.
    116,000       5,839  
Fluor Corp.
    152,000       7,070  
Goodrich Corp.
    46,000       3,244  
Honeywell International, Inc.
    156,000       7,062  
Joy Global, Inc.
    95,000       5,377  
L-3 Communications Holdings, Inc.
    64,000       5,864  
Raytheon Co.
    102,000       5,826  
United Technologies Corp.
    78,000       5,742  
                 
              50,646  
                 
Information Technology (17.0%)
Accenture PLC, Cl A
    94,000       3,943  
Altera Corp.
    262,000       6,369  
Apple, Inc.*
    26,000       6,108  
BMC Software, Inc.*
    162,000       6,156  
Cisco Systems, Inc.*
    347,000       9,032  
Google, Inc., Cl A*
    10,200       5,784  
Hewlett-Packard Co.
    168,000       8,929  
Intel Corp.
    283,000       6,300  
International Business Machines Corp.
    53,000       6,797  
Microsoft Corp.
    368,000       10,771  
Symantec Corp.*
    289,000       4,890  
Western Union Co.
    289,000       4,902  
                 
              79,981  
                 
Materials (5.5%)
Barrick Gold Corp.
    287,000       11,004  
International Paper Co.
    279,000       6,866  
Nucor Corp.
    87,000       3,948  
Praxair, Inc.
    48,000       3,984  
                 
              25,802  
                 
Telecommunication Services (3.0%)
American Tower Corp., Cl A*
    96,000       4,091  
AT&T, Inc.
    261,000       6,744  
NII Holdings, Inc.*
    84,000       3,499  
                 
              14,334  
                 
Utilities (2.7%)
Edison International
    175,000       5,980  
Xcel Energy, Inc.
    327,000       6,932  
                 
              12,912  
                 
Total Common Stocks
            450,717  
                 
 
See Notes to Financial Statements.


63


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Large Cap Core Equity Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Money Market Fund (2.5%)
RidgeWorth Institutional Cash Management Money Market Fund(a)
    11,939,024       11,939  
                 
Total Money Market Fund
            11,939  
                 
Total Investments (Cost $360,512)(b) — 98.3%
            462,656  
Other assets in excess of liabilities — 1.7%
            7,803  
                 
Net Assets — 100.0%
          $ 470,459  
                 
 
 
* Non-income producing security.
 
(a) Affiliated investment.
 
(b) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
SP ADR
— Sponsored American Depositary Receipt
 
See Notes to Financial Statements.


64


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
Large Cap Growth Stock Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Common Stocks (99.5%)
Consumer Discretionary (11.3%)
Amazon.com, Inc.*
    71,700       9,732  
Bed Bath & Beyond, Inc.*
    149,700       6,551  
BorgWarner, Inc.*
    111,300       4,249  
Coach, Inc.
    183,700       7,260  
GameStop Corp., Cl A*
    244,800       5,364  
Guess?, Inc.
    77,200       3,627  
Kohl’s Corp.*
    111,100       6,086  
Las Vegas Sands Corp.*(a)
    155,200       3,282  
Scripps Networks Interactive, Inc., Cl A
    123,200       5,464  
Urban Outfitters, Inc.*
    144,100       5,480  
                 
              57,095  
                 
Consumer Staples (12.0%)
Church & Dwight Co., Inc.
    75,200       5,035  
Colgate-Palmolive Co.
    106,600       9,089  
Costco Wholesale Corp.
    102,900       6,144  
Estee Lauder Cos., Inc. (The), Cl A
    95,500       6,195  
Hansen Natural Corp.*
    131,600       5,709  
Philip Morris International, Inc.
    292,800       15,272  
Wal-Mart Stores, Inc.
    241,100       13,405  
                 
              60,849  
                 
Energy (4.2%)
Anadarko Petroleum Corp.
    48,000       3,496  
Cameron International Corp.*
    166,600       7,141  
Halliburton Co.
    146,900       4,426  
Occidental Petroleum Corp.
    70,800       5,985  
                 
              21,048  
                 
Financials (8.6%)
Bank of America Corp.
    439,400       7,843  
Capital One Financial Corp.
    133,300       5,520  
Goldman Sachs Group, Inc. (The)
    41,400       7,064  
Hartford Financial Services Group, Inc. (The)
    175,800       4,996  
T. Rowe Price Group, Inc.
    122,000       6,702  
Visa, Inc., Cl A
    127,400       11,597  
                 
              43,722  
                 
Health Care (14.1%)
Allergan, Inc.
    118,700       7,754  
Amgen, Inc.*
    192,300       11,492  
Baxter International, Inc.
    159,800       9,300  
Becton, Dickinson & Co.
    62,500       4,921  
Cerner Corp.*
    37,800       3,215  
Express Scripts, Inc.*
    83,500       8,497  
Intuitive Surgical, Inc.*
    14,500       5,048  
Mylan, Inc.*(a)
    319,200       7,249  
Thermo Fisher Scientific, Inc.*
    134,300       6,908  
WellPoint, Inc.*
    111,400       7,172  
                 
              71,556  
                 
Industrials (12.9%)
Dover Corp.
    133,300       6,232  
Emerson Electric Co.
    176,700       8,895  
Honeywell International, Inc.
    214,900       9,729  
Illinois Tool Works, Inc.
    132,400       6,270  
Joy Global, Inc.
    55,600       3,147  
Parker Hannifin Corp.
    126,400       8,183  
Robert Half International, Inc.
    142,600       4,339  
Union Pacific Corp.
    104,400       7,652  
United Parcel Service, Inc., Cl B
    167,500       10,789  
                 
              65,236  
                 
Information Technology (32.4%)
Adobe Systems, Inc.*
    218,800       7,739  
Analog Devices, Inc.
    126,600       3,649  
Apple, Inc.*
    114,600       26,923  
ASML Holding NV NYS(a)
    139,500       4,938  
Baidu, Inc. SP ADR*
    6,300       3,761  
Broadcom Corp., Cl A
    120,900       4,012  
Cisco Systems, Inc.*
    405,500       10,555  
EMC Corp.*
    447,900       8,080  
Google, Inc., Cl A*
    33,400       18,938  
Intel Corp.
    623,300       13,875  
International Business Machines Corp.
    43,600       5,592  
Juniper Networks, Inc.*
    233,400       7,161  
McAfee, Inc.*
    134,200       5,385  
Microsoft Corp.
    399,500       11,693  
NetEase.com, Inc. ADR*
    90,000       3,192  
Oracle Corp.
    586,100       15,057  
QUALCOMM, Inc.
    180,100       7,562  
Salesforce.Com, Inc.*
    78,800       5,867  
                 
              163,979  
                 
Materials (2.7%)
Peabody Energy Corp.
    115,000       5,256  
Praxair, Inc.
    104,400       8,665  
                 
              13,921  
                 
Transportation (1.3%)
J.B. Hunt Transport Services, Inc.
    178,000       6,387  
                 
Total Common Stocks
            503,793  
                 
Short-Term Investment (2.5%)
RidgeWorth Funds Securities Lending Joint Account(b)(c)
    12,479       12,479  
                 
Total Short-Term Investment
            12,479  
                 
 
See Notes to Financial Statements.


65


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Large Cap Growth Stock Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Money Market Fund (0.4%)
RidgeWorth Institutional Cash Management Money Market Fund(c)
    2,117,057       2,117  
                 
Total Money Market Fund
            2,117  
                 
Total Investments (Cost $386,530)(d) — 102.4%
            518,389  
Liabilities in excess of other assets — (2.4)%
            (11,961 )
                 
Net Assets — 100.0%
          $ 506,428  
                 
 
 
* Non-income producing security.
 
(a) This security or a partial position of the security was on loan as of March 31, 2010. The total value of securities on loan as of March 31, 2010, in thousands, was $12,187.
 
(b) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2010 (See Notes to Financial Statements).
 
(c) Affiliated investment.
 
(d) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
ADR
— American Depositary Receipt
 
NYS — New York Registered Shares
 
SP ADR — Sponsored American Depositary Receipt
 
See Notes to Financial Statements.


66


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
Large Cap Quantitative Equity Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Common Stocks (99.0%)
Consumer Discretionary (12.6%)
Comcast Corp., Cl A
    17,795       335  
DISH Network Corp., Cl A
    9,819       205  
Garmin Ltd.
    5,857       225  
Leggett & Platt, Inc.
    10,311       223  
Limited Brands, Inc.
    10,293       253  
Mattel, Inc.
    10,151       231  
MeadWestvaco Corp.
    7,984       204  
Pitney Bowes, Inc.
    4,504       110  
Sears Holdings Corp.*
    2,086       226  
Signet Jewelers Ltd.*
    6,729       218  
Target Corp.
    2,338       123  
Time Warner, Inc.
    9,148       286  
                 
              2,639  
                 
Consumer Staples (11.2%)
ConAgra Foods, Inc.
    19,988       501  
Del Monte Foods Co.
    7,792       114  
Estee Lauder Cos., Inc. (The), Cl A
    8,621       559  
General Mills, Inc.
    6,817       483  
Herbalife Ltd.
    3,872       179  
Lorillard, Inc.
    3,383       254  
Molson Coors Brewing Co., Cl B
    5,995       252  
                 
              2,342  
                 
Energy (11.8%)
Axis Capital Holdings Ltd.
    5,763       180  
ENSCO International PLC SP ADR
    10,984       492  
Nabors Industries Ltd.*
    18,461       363  
Southern Union Co.
    21,668       550  
Tidewater, Inc.
    8,931       422  
XTO Energy, Inc.
    9,796       462  
                 
              2,469  
                 
Financials (16.0%)
Allied World Assurance Co. Holdings Ltd.
    3,612       162  
American Financial Group, Inc.
    6,631       189  
Arch Capital Group Ltd.*
    2,303       176  
Assurant, Inc.
    5,490       189  
Bank of America Corp.
    17,941       320  
BlackRock, Inc.
    602       131  
Broadridge Financial Solutions, Inc.
    12,999       278  
Everest Re Group Ltd.
    1,939       157  
Hartford Financial Services Group, Inc. (The)
    7,749       220  
HCC Insurance Holdings, Inc.
    6,104       169  
JPMorgan Chase & Co.
    7,479       335  
Loews Corp.
    5,320       198  
PNC Financial Services Group, Inc.
    1,870       112  
SLM Corp.*
    16,625       208  
Transatlantic Holdings, Inc.
    2,979       157  
Wells Fargo & Co.
    4,351       135  
XL Capital Ltd., Cl A
    10,745       203  
                 
              3,339  
                 
Health Care (12.6%)
AmerisourceBergen Corp.
    3,512       102  
Amgen, Inc.*
    2,592       155  
AstraZeneca PLC SP ADR
    1,712       76  
Bio-Rad Laboratories, Inc., Cl A*
    849       88  
Community Health Systems, Inc.*
    2,528       93  
Endo Pharmaceuticals Holdings, Inc.*
    4,036       96  
Forest Laboratories, Inc.*
    3,396       106  
Humana, Inc.*
    2,022       95  
Johnson & Johnson
    5,602       365  
McKesson Corp.
    1,901       125  
Merck & Co., Inc.
    8,428       315  
Mylan, Inc.*
    4,991       113  
Novartis AG SP ADR
    1,500       81  
PerkinElmer, Inc.
    4,295       103  
Pfizer, Inc.
    16,484       283  
Sanofi-Aventis SP ADR
    2,196       82  
UnitedHealth Group, Inc.
    4,818       157  
Valeant Pharmaceuticals International*
    2,427       104  
Warner Chilcott PLC, Cl A*
    3,242       83  
                 
              2,622  
                 
Industrials (5.2%)
Eaton Corp.
    3,298       250  
Manpower, Inc.
    3,702       212  
R.R. Donnelley & Sons Co.
    10,125       216  
Ryder System, Inc.
    5,170       200  
Sealed Air Corp.
    9,933       209  
                 
              1,087  
                 
Information Technology (17.3%)
Amdocs Ltd.*
    9,931       299  
Apple, Inc.*
    1,820       427  
Google, Inc., Cl A*
    485       275  
Harris Corp.
    6,561       312  
International Business Machines Corp.
    2,659       341  
Microsoft Corp.
    25,519       747  
QUALCOMM, Inc.
    3,378       142  
Seagate Technology*
    16,099       294  
Tech Data Corp.*
    6,763       283  
Western Digital Corp.*
    4,232       165  
Xerox Corp.
    33,238       324  
                 
              3,609  
                 
                 
 
See Notes to Financial Statements.


67


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Large Cap Quantitative Equity Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Materials (7.2%)
Ashland, Inc.
    4,434       234  
Celanese Corp., Ser A
    5,554       177  
Huntsman Corp.
    15,283       184  
International Flavors & Fragrances, Inc.
    4,876       232  
International Paper Co.
    8,919       219  
Lubrizol Corp. (The)
    2,624       241  
RPM International, Inc.
    9,921       212  
                 
              1,499  
                 
Telecommunication Services (2.3%)
AT&T, Inc.
    12,074       312  
Verizon Communications, Inc.
    5,218       162  
                 
              474  
                 
Utilities (2.8%)
Atmos Energy Corp.
    2,678       77  
DTE Energy Co.
    2,071       92  
Edison International
    2,859       98  
Energen Corp.
    1,651       77  
Integrys Energy Group, Inc.
    1,919       91  
NV Energy, Inc.
    6,327       78  
ONEOK, Inc.
    1,719       78  
                 
              591  
                 
Total Common Stocks
            20,671  
                 
Money Market Fund (0.6%)
RidgeWorth Institutional Cash Management Money Market Fund(a)
    126,776       127  
                 
Total Money Market Fund
            127  
                 
Total Investments (Cost $19,003)(b) — 99.7%
            20,798  
Other assets in excess of liabilities — 0.3%
            55  
                 
Net Assets — 100.0%
          $ 20,853  
                 
 
 
* Non-income producing security.
 
(a) Affiliated investment.
 
(b) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
SP ADR
— Sponsored American Depositary Receipt
 
See Notes to Financial Statements.


68


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
Large Cap Value Equity Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Common Stocks (97.4%)
Consumer Discretionary (9.6%)
Best Buy Co., Inc.
    497,950       21,183  
Harley-Davidson, Inc.
    638,250       17,915  
International Game Technology
    837,500       15,452  
Kimberly-Clark Corp.
    356,200       22,398  
Omnicom Group, Inc.
    682,450       26,486  
Walt Disney Co. (The)
    723,150       25,245  
                 
              128,679  
                 
Consumer Staples (6.1%)
Kraft Foods, Inc.
    812,250       24,562  
Lowe’s Cos., Inc.
    977,850       23,703  
PepsiCo, Inc.
    323,450       21,400  
Procter & Gamble Co. (The)
    203,650       12,885  
                 
              82,550  
                 
Energy (17.2%)
Apache Corp.
    132,600       13,459  
Baker Hughes, Inc.
    428,200       20,057  
Chevron Corp.
    521,350       39,534  
ConocoPhillips
    472,507       24,178  
ENSCO International PLC SP ADR
    198,350       8,882  
Exxon Mobil Corp.
    511,700       34,274  
Hess Corp.
    418,200       26,158  
Occidental Petroleum Corp.
    334,550       28,283  
Talisman Energy, Inc.
    1,227,950       20,949  
Tidewater, Inc.
    169,631       8,019  
Valero Energy Corp.
    399,150       7,863  
                 
              231,656  
                 
Financials (23.4%)
Bank of America Corp.
    2,536,900       45,284  
BB&T Corp.
    1,021,251       33,078  
Fifth Third Bancorp
    800,500       10,879  
Franklin Resources, Inc.
    195,250       21,653  
Goldman Sachs Group, Inc. (The)
    114,600       19,554  
JPMorgan Chase & Co.
    988,566       44,238  
Morgan Stanley
    566,450       16,591  
Northern Trust Corp.
    493,150       27,252  
Prudential Financial, Inc.
    436,300       26,396  
Travelers Cos., Inc. (The)
    488,650       26,358  
Wells Fargo & Co.
    1,380,700       42,968  
                 
              314,251  
                 
Health Care (10.2%)
Abbott Laboratories
    461,200       24,296  
Becton, Dickinson & Co.
    135,100       10,637  
Bristol-Myers Squibb Co.
    400,350       10,689  
C.R. Bard, Inc.
    132,550       11,482  
Johnson & Johnson
    211,200       13,770  
Medtronic, Inc.
    259,050       11,665  
Merck & Co., Inc.
    569,300       21,263  
Pfizer, Inc.
    1,957,150       33,565  
                 
              137,367  
                 
Industrials (14.1%)
3M Co.
    167,000       13,956  
Deere & Co.
    314,159       18,680  
Flowserve Corp.
    137,650       15,179  
Fluor Corp.
    542,450       25,229  
General Electric Co.
    1,421,550       25,872  
Joy Global, Inc.
    257,950       14,600  
Lockheed Martin Corp.
    228,700       19,032  
Union Pacific Corp.
    260,200       19,073  
United Parcel Service, Inc., Cl B
    297,086       19,135  
United Technologies Corp.
    258,100       18,999  
                 
              189,755  
                 
Information Technology (4.0%)
Harris Corp.
    223,317       10,605  
Intel Corp.
    503,750       11,213  
Microsoft Corp.
    345,300       10,107  
Nokia Corp. SP ADR
    727,900       11,312  
Texas Instruments, Inc.
    406,300       9,942  
                 
              53,179  
                 
Materials (5.7%)
Air Products & Chemicals, Inc.
    291,650       21,568  
BHP Billiton Ltd. SP ADR
    181,025       14,540  
E.I. du Pont de Nemours & Co.
    400,900       14,929  
Nucor Corp.
    309,700       14,054  
Vulcan Materials Co.(a)
    232,700       10,993  
                 
              76,084  
                 
Telecommunication Services (2.8%)
AT&T, Inc.
    742,450       19,185  
Verizon Communications, Inc.
    601,118       18,647  
                 
              37,832  
                 
Utilities (4.3%)
American Water Works Co., Inc.
    381,292       8,296  
Entergy Corp.
    199,350       16,217  
FPL Group, Inc.
    510,150       24,656  
Questar Corp.
    185,164       7,999  
                 
              57,168  
                 
Total Common Stocks
            1,308,521  
                 
Short-Term Investment (0.1%)
RidgeWorth Funds Securities Lending Joint Account(b)(c)
    741       741  
                 
Total Short-Term Investment
            741  
                 
 
See Notes to Financial Statements.


69


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Large Cap Value Equity Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Money Market Fund (1.0%)
RidgeWorth Institutional Cash Management Money Market Fund(c)
    13,484,349       13,484  
                 
Total Money Market Fund
            13,484  
                 
Total Investments (Cost $1,084,372)(d) — 98.5%
            1,322,746  
Other assets in excess of liabilities — 1.5%
            19,844  
                 
Net Assets — 100.0%
          $ 1,342,590  
                 
 
 
(a) This security or a partial position of the security was on loan as of March 31, 2010. The total value of securities on loan as of March 31, 2010, in thousands, was $718.
 
(b) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2010 (See Notes to Financial Statements).
 
(c) Affiliated investment.
 
(d) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
SP ADR
— Sponsored American Depositary Receipt
 
See Notes to Financial Statements.


70


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
Mid-Cap Core Equity Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Common Stocks (97.4%)
Consumer Discretionary (15.3%)
Advance Auto Parts, Inc.
    23,710       994  
American Eagle Outfitters, Inc.
    52,105       965  
BorgWarner, Inc.*
    22,505       859  
CBS Corp., Cl B
    75,010       1,046  
Coach, Inc.
    23,040       910  
Darden Restaurants, Inc.
    30,135       1,342  
DreamWorks Animation SKG, Inc., Cl A*
    23,175       913  
Guess?, Inc.
    24,215       1,138  
H&R Block, Inc.
    54,945       978  
Lennar Corp., Cl A
    36,835       634  
Limited Brands, Inc.
    36,010       886  
M.D.C. Holdings, Inc.
    18,080       626  
Mohawk Industries, Inc.*
    18,485       1,005  
Scripps Networks Interactive, Inc., Cl A
    23,040       1,022  
Starwood Hotels & Resorts Worldwide, Inc.
    25,985       1,212  
                 
              14,530  
                 
Consumer Staples (7.4%)
BJ’s Wholesale Club, Inc.*
    27,995       1,036  
Church & Dwight Co., Inc.
    14,600       977  
Clorox Co. (The)
    18,215       1,168  
Dr Pepper Snapple Group, Inc.
    24,510       862  
Mead Johnson Nutrition Co.
    17,950       934  
Molson Coors Brewing Co., Cl B
    23,680       996  
Ralcorp Holdings, Inc.*
    15,020       1,018  
                 
              6,991  
                 
Energy (7.3%)
Alpha Natural Resources, Inc.*
    14,465       722  
Cameron International Corp.*
    20,840       893  
Diamond Offshore Drilling, Inc.(a)
    8,570       761  
EOG Resources, Inc.
    9,115       847  
Noble Energy, Inc.
    9,780       714  
Plains Exploration & Production Co.*
    29,335       880  
Superior Energy Services, Inc.*
    53,980       1,135  
Williams Cos., Inc. (The)
    42,340       978  
                 
              6,930  
                 
Financials (17.2%)
Ameriprise Financial, Inc.
    24,085       1,093  
Arch Capital Group Ltd.*
    12,860       981  
BlackRock, Inc.
    4,849       1,056  
Discover Financial Services
    82,645       1,231  
HCP, Inc. REIT
    30,000       990  
Hudson City Bancorp, Inc.
    53,980       764  
Lincoln National Corp.
    34,690       1,065  
M&T Bank Corp.(a)
    12,860       1,021  
Prosperity Bancshares, Inc.
    25,585       1,049  
Public Storage REIT
    9,910       912  
Regions Financial Corp.
    158,320       1,243  
SVB Financial Group*
    19,420       906  
Washington Real Estate Investment Trust REIT
    32,015       978  
Weingarten Realty Investors REIT
    46,075       993  
Willis Group Holdings PLC
    31,075       972  
XL Capital Ltd., Cl A
    59,590       1,126  
                 
              16,380  
                 
Health Care (9.4%)
C.R. Bard, Inc.
    9,375       812  
Cephalon, Inc.*
    11,705       793  
Coventry Health Care, Inc.*
    34,960       864  
Gen-Probe, Inc.*
    22,100       1,105  
Hospira, Inc.*
    18,410       1,043  
Laboratory Corp. of America Holdings*
    13,930       1,055  
Life Technologies Corp.*
    20,225       1,057  
Mylan, Inc.*(a)
    54,785       1,244  
Waters Corp.*
    13,780       931  
                 
              8,904  
                 
Industrials (12.5%)
Dover Corp.
    24,725       1,156  
Eaton Corp.
    12,290       931  
Fluor Corp.
    25,180       1,171  
Goodrich Corp.
    12,860       907  
ITT Corp.
    20,645       1,107  
Joy Global, Inc.
    19,290       1,092  
L-3 Communications Holdings, Inc.
    14,200       1,301  
Republic Services, Inc.
    31,715       920  
Rockwell Automation, Inc.
    16,100       907  
Roper Industries, Inc.
    20,090       1,162  
Ryder System, Inc.
    31,075       1,205  
                 
              11,859  
                 
Information Technology (15.5%)
Agilent Technologies, Inc.*
    27,725       953  
Altera Corp.
    47,415       1,153  
Amdocs Ltd.*
    28,260       851  
Analog Devices, Inc.
    31,610       911  
Autodesk, Inc.*
    45,275       1,332  
BMC Software, Inc.*
    28,530       1,084  
Broadcom Corp., Cl A
    18,350       609  
F5 Networks, Inc.*
    13,930       857  
Harris Corp.
    22,100       1,050  
PMC-Sierra, Inc.*
    112,380       1,002  
Polycom, Inc.*
    34,425       1,053  
Sybase, Inc.*
    26,790       1,249  
Symantec Corp.*
    51,435       870  
 
See Notes to Financial Statements.


71


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Mid-Cap Core Equity Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Information Technology—continued
                 
Teradata Corp.*
    34,560       998  
Western Digital Corp.*
    20,335       793  
                 
              14,765  
                 
Materials (5.6%)
Albemarle Corp.
    28,585       1,219  
FMC Corp.
    19,290       1,168  
Newmont Mining Corp.
    20,860       1,062  
Nucor Corp.
    19,902       903  
Packaging Corp. of America
    41,120       1,012  
                 
              5,364  
                 
Telecommunication Services (2.1%)
American Tower Corp., Cl A*
    19,825       845  
NII Holdings, Inc.*
    27,860       1,161  
                 
              2,006  
                 
Utilities (5.1%)
Edison International
    28,290       967  
MDU Resources Group, Inc.
    49,195       1,062  
OGE Energy Corp.
    28,665       1,116  
ONEOK, Inc.
    14,450       660  
Xcel Energy, Inc.
    49,825       1,056  
                 
              4,861  
                 
Total Common Stocks
            92,590  
                 
Short-Term Investment (3.2%)
RidgeWorth Funds Securities Lending Joint Account(b)(c)
    3,017       3,017  
                 
Total Short-Term Investment
            3,017  
                 
Money Market Fund (2.7%)
RidgeWorth Institutional Cash Management Money Market Fund(c)
    2,597,134       2,597  
                 
Total Money Market Fund
            2,597  
                 
Total Investments (Cost $80,242)(d) — 103.3%
            98,204  
Liabilities in excess of other assets — (3.3)%
            (3,128 )
                 
Net Assets — 100.0%
          $ 95,076  
                 
 
 
* Non-income producing security.
 
(a) This security or a partial position of the security was on loan as of March 31, 2010. The total value of securities on loan as of March 31, 2010, in thousands, was $2,974.
 
(b) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2010 (See Notes to Financial Statements).
 
(c) Affiliated investment.
 
(d) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
REIT
— Real Estate Investment Trust
 
See Notes to Financial Statements.


72


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
Mid-Cap Value Equity Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Common Stocks (94.9%)
Consumer Discretionary (10.3%)
Best Buy Co., Inc.
    269,300       11,456  
Callaway Golf Co.
    445,900       3,933  
H&R Block, Inc.
    513,000       9,131  
Harley-Davidson, Inc.
    647,900       18,187  
Hillenbrand, Inc.
    461,600       10,151  
International Game Technology
    1,056,500       19,492  
Omnicom Group, Inc.
    387,200       15,027  
                 
              87,377  
                 
Consumer Staples (2.1%)
Sara Lee Corp.
    676,800       9,428  
SUPERVALU, Inc.
    487,300       8,128  
                 
              17,556  
                 
Energy (13.7%)
Arch Coal, Inc.
    401,900       9,183  
Baker Hughes, Inc.
    231,100       10,825  
ENSCO International PLC SP ADR
    249,400       11,168  
Hess Corp.
    191,000       11,947  
Murphy Oil Corp.
    163,800       9,204  
Noble Energy, Inc.
    85,200       6,219  
Talisman Energy, Inc.
    731,000       12,471  
Tidewater, Inc.
    258,700       12,229  
Valero Energy Corp.
    1,177,300       23,193  
Williams Cos., Inc. (The)
    424,200       9,799  
                 
              116,238  
                 
Financials (25.7%)
ACE Ltd.
    264,300       13,823  
Ameriprise Financial, Inc.
    189,600       8,600  
Astoria Financial Corp.
    1,113,900       16,152  
Comerica, Inc.
    226,400       8,612  
Discover Financial Services
    976,400       14,548  
Fifth Third Bancorp
    430,050       5,844  
Hanover Insurance Group, Inc. (The)
    295,500       12,887  
Hartford Financial Services Group, Inc. (The)
    649,700       18,465  
HCC Insurance Holdings, Inc.
    276,900       7,643  
Invesco Ltd.
    843,000       18,470  
Lazard Ltd., Cl A
    251,900       8,993  
Marshall & Ilsley Corp.
    858,900       6,914  
MB Financial, Inc.
    849,100       19,130  
Northern Trust Corp.
    289,500       15,998  
People’s United Financial, Inc.
    589,200       9,215  
Primerica, Inc.
    32,607       489  
Principal Financial Group, Inc.
    305,100       8,912  
Regions Financial Corp.
    1,025,100       8,047  
Unum Group
    284,900       7,057  
XL Capital Ltd., Cl A
    382,600       7,231  
                 
              217,030  
                 
Health Care (1.9%)
CIGNA Corp.
    260,000       9,511  
Cooper Cos., Inc. (The)
    177,900       6,917  
                 
              16,428  
                 
Industrials (15.6%)
Brink’s Co. (The)
    313,800       8,859  
Con-way, Inc.
    230,400       8,092  
Flowserve Corp.
    143,300       15,802  
Fluor Corp.
    366,900       17,064  
Harsco Corp.
    290,000       9,263  
Ingersoll-Rand PLC
    260,400       9,080  
ITT Corp.
    215,500       11,553  
Joy Global, Inc.
    148,400       8,399  
Manitowoc Co., Inc. (The)
    585,400       7,610  
Republic Services, Inc.
    293,700       8,523  
SPX Corp.
    284,900       18,895  
Towers Watson & Co., Cl A
    191,500       9,096  
                 
              132,236  
                 
Information Technology (5.6%)
Black Box Corp.
    288,400       8,871  
Harris Corp.
    120,300       5,713  
Intersil Corp., Cl A
    584,100       8,621  
Paychex, Inc.
    275,000       8,443  
Xerox Corp.
    1,587,900       15,482  
                 
              47,130  
                 
Materials (9.7%)
Air Products & Chemicals, Inc.
    178,900       13,230  
Ashland, Inc.
    158,800       8,380  
Ecolab, Inc.
    216,600       9,520  
FMC Corp.
    130,600       7,906  
International Paper Co.
    458,000       11,271  
PPG Industries, Inc.
    136,400       8,920  
Scotts Miracle-Gro Co. (The), Cl A
    185,200       8,584  
Southern Copper Corp.
    193,500       6,128  
Vulcan Materials Co.
    168,600       7,965  
                 
              81,904  
                 
Utilities (10.3%)
American Water Works Co., Inc.
    827,300       18,002  
Entergy Corp.
    161,400       13,130  
FPL Group, Inc.
    360,700       17,433  
PPL Corp.
    293,500       8,133  
Progress Energy, Inc.
    325,800       12,823  
Questar Corp.
    198,500       8,575  
 
See Notes to Financial Statements.


73


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Mid-Cap Value Equity Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Utilities—continued
                 
Sempra Energy
    180,800       9,022  
                 
              87,118  
                 
Total Common Stocks
            803,017  
                 
Money Market Fund (4.9%)
RidgeWorth Institutional Cash Management Money Market Fund(a)
    41,072,107       41,072  
                 
Total Money Market Fund
            41,072  
                 
Total Investments (Cost $733,818)(b) — 99.8%
            844,089  
Other assets in excess of liabilities — 0.2%
            1,688  
                 
Net Assets — 100.0%
          $ 845,777  
                 
 
 
(a) Affiliated investment.
 
(b) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
SP ADR
— Sponsored American Depositary Receipt
 
See Notes to Financial Statements.


74


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
Real Estate 130/30 Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Long Positions (110.8%)
Common Stocks (99.4%)
Diversified (11.8%)
Colonial Properties Trust REIT
    22,500       290  
DuPont Fabros Technology, Inc.
    3,200       69  
PS Business Parks, Inc. REIT
    3,200       171  
Vornado Realty Trust REIT(a)
    8,502       644  
Washington Real Estate Investment Trust REIT
    7,600       232  
Winthrop Realty Trust REIT
    17,700       213  
                 
              1,619  
                 
Health Care (12.3%)
Cogdell Spencer, Inc. REIT
    12,500       93  
HCP, Inc. REIT(a)
    14,500       479  
Health Care REIT, Inc.(a)
    6,000       271  
Nationwide Health Properties, Inc. REIT(a)
    5,800       204  
OMEGA Healthcare Investors, Inc. REIT(a)
    9,300       181  
Senior Housing Properties Trust REIT
    8,400       186  
Universal Health Realty Income Trust REIT
    2,700       95  
Ventas, Inc. REIT(a)
    3,600       171  
                 
              1,680  
                 
Hotels & Leisure Properties (4.8%)
Entertainment Properties Trust REIT(a)
    4,700       193  
Hersha Hospitality Trust REIT
    20,500       106  
Hospitality Properties Trust REIT
    5,200       125  
Host Hotels & Resorts, Inc. REIT(a)
    12,701       186  
Strategic Hotels & Resorts, Inc. REIT*(a)
    11,200       48  
                 
              658  
                 
Industrials (13.2%)
AMB Property Corp. REIT(a)
    24,900       678  
EastGroup Properties, Inc. REIT(a)
    600       23  
ProLogis REIT(a)
    20,300       268  
Public Storage REIT(a)
    6,100       561  
Sovran Self Storage, Inc. REIT
    6,600       230  
U-Store-It Trust REIT
    5,300       38  
                 
              1,798  
                 
Land & Forest Products (5.5%)
Plum Creek Timber Co., Inc. REIT(a)
    8,300       323  
Potlatch Corp. REIT
    7,600       266  
Rayonier, Inc. REIT
    3,500       159  
                 
              748  
                 
Mortgage (0.6%)
Chimera Investment Corp. REIT
    7,300       28  
RAIT Financial Trust REIT*
    13,400       27  
Redwood Trust, Inc. REIT
    2,000       31  
                 
              86  
                 
Office (15.5%)
Alexandria Real Estate Equities, Inc. REIT(a)
    1,900       128  
BioMed Realty Trust, Inc. REIT(a)
    4,900       81  
Boston Properties, Inc. REIT(a)
    7,300       551  
Brandywine Realty Trust REIT
    8,000       98  
Corporate Office Properties Trust REIT(a)
    1,900       76  
Digital Realty Trust, Inc. REIT(a)
    4,000       217  
Douglas Emmett, Inc. REIT
    30,600       470  
Duke Realty Corp. REIT
    3,600       45  
Kilroy Realty Corp. REIT
    5,400       166  
Lexington Realty Trust REIT
    4,600       30  
Mack-Cali Realty Corp. REIT
    4,200       148  
Maguire Properties, Inc. REIT
    13,200       41  
Parkway Properties, Inc. REIT(a)
    3,500       66  
                 
              2,117  
                 
Real Estate Services (1.1%)
Getty Realty Corp. REIT(a)
    6,700       157  
                 
Residential (12.8%)
American Campus Communities, Inc. REIT
    5,800       160  
Apartment Investment & Management Co., Cl A REIT
    3,300       61  
AvalonBay Communities, Inc. REIT(a)
    3,700       320  
BRE Properties, Inc. REIT
    3,200       114  
Equity Lifestyle Properties, Inc. REIT
    5,700       307  
Equity Residential REIT(a)
    13,700       536  
Essex Property Trust, Inc. REIT
    1,300       117  
UDR, Inc. REIT(a)
    7,200       127  
                 
              1,742  
                 
Retail (21.8%)
CBL & Associates Properties, Inc. REIT
    8,900       122  
Developers Diversified Realty Corp. REIT
    23,100       281  
Federal Realty Investment Trust REIT
    400       29  
Inland Real Estate Corp.
    16,800       154  
Kimco Realty Corp. REIT
    8,600       134  
Macerich Co. (The) REIT(a)
    7,442       285  
National Retail Properties, Inc. REIT
    6,400       146  
Realty Income Corp. REIT
    5,800       178  
Regency Centers Corp. REIT(a)
    5,100       191  
Simon Property Group, Inc. REIT(a)
    11,904       999  
Taubman Centers, Inc. REIT
    3,900       156  
Urstadt Biddle Properties, Cl A REIT(a)
    1,700       27  
Weingarten Realty Investors REIT
    12,500       269  
                 
              2,971  
                 
Total Common Stocks
            13,576  
                 
 
See Notes to Financial Statements.


75


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Real Estate 130/30 Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Short-Term Investment (11.4%)
Brown Brothers Harriman & Co., Cayman Islands Cash Sweep, 0.030%, 04/01/10(b)
    1,550       1,550  
                 
Total Short-Term Investment
            1,550  
                 
Total Investments — 110.8%
               
Total Long Positions (Cost $12,850)(c)
            15,126  
                 
Liabilities in excess of other assets — (9.6)%
            (1,305 )
Short Positions (see summary
below) — (1.2)%
            (170 )
                 
Net Assets — 100.0%
          $ 13,651  
                 
Short Positions ((1.2)%)
Common Stocks Sold Short ((1.2)%)
Diversified ((0.1)%)
FBR Capital Markets Corp.*
    (3,700 )     (17 )
                 
Homebuilders ((0.4)%)
Cavco Industries, Inc.*
    (1,500 )     (51 )
                 
Hotels & Leisure Properties ((0.4)%)
DiamondRock Hospitality Co. REIT
    (3,400 )     (34 )
Sunstone Hotel Investors, Inc. REIT*
    (2,300 )     (26 )
                 
              (60 )
                 
Mortgage ((0.3)%)
Walter Investment Management Corp.
    (2,600 )     (42 )
                 
Total Investment Securities Sold Short (Proceeds $175)
            (170 )
                 
 
 
* Non-income producing security.
 
(a) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(b) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(c) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
REIT
— Real Estate Investment Trust
 
See Notes to Financial Statements.


76


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
Select Large Cap Growth Stock Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Common Stocks (97.1%)
Consumer Discretionary (7.0%)
Coach, Inc.
    95,070       3,757  
Kohl’s Corp.*
    44,290       2,426  
Priceline.com, Inc.*
    12,090       3,083  
                 
              9,266  
                 
Consumer Staples (8.8%)
Colgate-Palmolive Co.
    39,370       3,357  
Costco Wholesale Corp.
    60,465       3,610  
Philip Morris International, Inc.
    90,365       4,714  
                 
              11,681  
                 
Energy (6.7%)
Cameron International Corp.*
    59,470       2,549  
Halliburton Co.
    111,445       3,358  
Occidental Petroleum Corp.
    36,480       3,084  
                 
              8,991  
                 
Financials (12.1%)
American Express Co.
    88,930       3,669  
Bank of America Corp.
    119,110       2,126  
Goldman Sachs Group, Inc. (The)
    15,350       2,619  
T. Rowe Price Group, Inc.
    57,550       3,161  
Visa, Inc., Cl A
    49,635       4,519  
                 
              16,094  
                 
Health Care (12.5%)
Amgen, Inc.*
    50,860       3,039  
Baxter International, Inc.
    64,050       3,728  
Express Scripts, Inc.*
    41,055       4,178  
Thermo Fisher Scientific, Inc.*
    47,770       2,457  
WellPoint, Inc.*
    50,160       3,229  
                 
              16,631  
                 
Industrials (11.7%)
Emerson Electric Co.
    50,295       2,532  
Fluor Corp.
    35,050       1,630  
Illinois Tool Works, Inc.
    60,285       2,855  
Parker Hannifin Corp.
    44,855       2,904  
United Parcel Service, Inc., Cl B
    38,360       2,471  
United Technologies Corp.
    44,435       3,271  
                 
              15,663  
                 
Information Technology (31.9%)
Adobe Systems, Inc.*
    72,410       2,561  
Analog Devices, Inc.
    120,930       3,485  
Apple, Inc.*
    26,615       6,253  
Cisco Systems, Inc.*
    208,820       5,436  
EMC Corp.*
    211,345       3,813  
Google, Inc., Cl A*
    9,845       5,582  
Hewlett-Packard Co.
    89,765       4,771  
Juniper Networks, Inc.*
    92,280       2,831  
Oracle Corp.
    155,880       4,005  
QUALCOMM, Inc.
    53,750       2,257  
Western Digital Corp.*
    40,715       1,587  
                 
              42,581  
                 
Materials (3.7%)
Ecolab, Inc.
    40,360       1,774  
Praxair, Inc.
    37,510       3,113  
                 
              4,887  
                 
Telecommunications Services (2.7%)
American Tower Corp., Cl A*
    85,760       3,654  
                 
Total Common Stocks
            129,448  
                 
Money Market Fund (2.8%)
RidgeWorth Institutional Cash Management Money Market Fund(a)
    3,765,901       3,766  
                 
Total Money Market Fund
            3,766  
                 
Total Investments (Cost $102,970)(b) — 99.9%
            133,214  
Other assets in excess of liabilities — 0.1%
            170  
                 
Net Assets — 100.0%
          $ 133,384  
                 
 
 
* Non-income producing security.
 
(a) Affiliated investment.
 
(b) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
See Notes to Financial Statements.


77


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Small Cap Growth Stock Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Common Stocks (99.5%)
Consumer Discretionary (17.9%)
Aaron’s, Inc.(a)
    69,170       2,306  
Asbury Automotive Group, Inc.*
    140,180       1,864  
Bally Technologies, Inc.*
    23,740       962  
Buffalo Wild Wings, Inc.*(a)
    21,550       1,037  
Burger King Holdings, Inc.
    94,790       2,015  
Chico’s FAS, Inc.
    152,080       2,193  
Citi Trends, Inc.*
    70,250       2,279  
Deckers Outdoor Co.*
    25,640       3,538  
Dress Barn, Inc. (The)*
    121,775       3,186  
DSW, Inc., Cl A*(a)
    61,420       1,568  
Fossil, Inc.*
    79,030       2,983  
Fuel Systems Solutions, Inc.*(a)
    14,660       469  
Gentex Corp.
    131,390       2,552  
Group 1 Automotive, Inc.*
    57,060       1,818  
hhgregg, Inc.*
    53,420       1,348  
J. Crew Group, Inc.*
    40,340       1,852  
Jo-Ann Stores, Inc.*
    50,480       2,119  
Kirkland’s, Inc.
    71,750       1,507  
Lumber Liquidators Holdings, Inc.*(a)
    72,500       1,934  
NutriSystem, Inc.(a)
    56,600       1,008  
P.F. Chang’s China Bistro, Inc.*(a)
    58,130       2,565  
Papa John’s International, Inc.*
    73,640       1,893  
Phillips-Van Heusen Corp.
    34,090       1,955  
Rue21, Inc.*
    35,050       1,215  
Steven Madden Ltd.*
    82,880       4,045  
Tempur-Pedic International, Inc.*
    133,030       4,012  
Tenneco, Inc.*
    128,180       3,031  
Tetra Tech, Inc.*
    128,330       2,957  
True Religion Apparel, Inc.*
    55,380       1,681  
TrueBlue, Inc.*
    60,086       931  
Tupperware Brands Corp.
    30,010       1,447  
Warnaco Group, Inc. (The)*
    72,660       3,467  
                 
              67,737  
                 
Consumer Staples (1.9%)
American Italian Pasta Co., Cl A*
    56,560       2,199  
Collective Brands, Inc.*
    115,330       2,623  
J & J Snack Foods Corp.
    55,150       2,397  
                 
              7,219  
                 
Energy (4.8%)
Berry Petroleum Co., Cl A
    84,450       2,378  
Brigham Exploration Co.*
    189,490       3,022  
CARBO Ceramics, Inc.
    48,310       3,012  
Clean Energy Fuels Corp.(a)
    143,200       3,262  
Dril-Quip, Inc.*
    57,830       3,518  
McMoRan Exploration Co.*(a)
    119,510       1,749  
Overseas Shipholding Group, Inc.
    33,490       1,314  
                 
              18,255  
                 
Financials (9.3%)
Cash America International, Inc.
    42,900       1,694  
E*TRADE Financial Corp.*
    1,320,060       2,178  
EZCORP, Inc., Cl A*
    124,650       2,568  
F.N.B. Corp.
    349,240       2,832  
First Midwest Bancorp, Inc.
    208,260       2,822  
MF Global Holdings Ltd.*
    235,780       1,903  
Pinnacle Financial Partners, Inc.*(a)
    156,260       2,361  
Portfolio Recovery Associates, Inc.*(a)
    73,240       4,019  
Primerica, Inc.
    14,458       217  
Radian Group, Inc.(a)
    156,780       2,452  
Raymond James Financial, Inc.
    133,720       3,575  
Stifel Financial Corp.*
    53,940       2,899  
SWS Group, Inc.
    119,100       1,373  
TNS, Inc.*
    59,640       1,330  
Webster Financial Corp.
    173,170       3,029  
                 
              35,252  
                 
Health Care (21.9%)
Acorda Therapeutics, Inc.*
    27,340       935  
Alkermes, Inc.*
    163,405       2,119  
Allos Therapeutics, Inc.*(a)
    221,940       1,649  
American Medical Systems Holdings, Inc.*
    182,760       3,396  
athenahealth, Inc.*(a)
    69,580       2,544  
Auxilium Pharmaceuticals, Inc.*(a)
    77,580       2,417  
Bio-Reference Laboratories, Inc.*
    57,700       2,537  
BioScrip, Inc.
    184,960       1,476  
Catalyst Health Solutions, Inc.*
    102,600       4,246  
Computer Programs & Systems, Inc.
    23,600       922  
Cubist Pharmaceuticals, Inc.*
    106,550       2,402  
Cypress Bioscience, Inc.
    281,440       1,379  
Dendreon Corp.*
    51,240       1,869  
Emdeon, Inc., Cl A
    74,825       1,236  
Enzon Pharmaceuticals, Inc.(a)
    219,800       2,238  
Genoptix, Inc.*
    74,665       2,650  
HealthSouth Corp.*
    188,760       3,530  
Human Genome Sciences, Inc.*
    83,170       2,512  
ICU Medical, Inc.*
    47,420       1,634  
InterMune, Inc.*(a)
    121,850       5,431  
MEDNAX, Inc.*
    27,930       1,625  
Merit Medical Systems, Inc.*
    105,130       1,603  
Momenta Pharmaceuticals, Inc.*
    122,270       1,830  
Neogen Corp.*
    90,570       2,273  
Nu Skin Enterprises, Inc., Cl A
    94,200       2,741  
NuVasive, Inc.*(a)
    90,760       4,102  
Onyx Pharmaceuticals, Inc.*
    34,790       1,053  
PAREXEL International Corp.*
    150,015       3,497  
PSS World Medical, Inc.*
    39,430       927  
Questcor Pharmaceuticals, Inc.*
    323,710       2,664  
 
See Notes to Financial Statements.


78


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Small Cap Growth Stock Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Health Care—continued
                 
Salix Pharmaceuticals Ltd.*
    133,070       4,957  
Savient Pharmaceuticals, Inc.*
    113,765       1,644  
Sirona Dental Systems, Inc.*
    55,630       2,116  
SonoSite, Inc.*
    66,790       2,145  
West Pharmaceutical Services, Inc.
    65,900       2,764  
                 
              83,063  
                 
Industrials (15.7%)
AAR Corp.*
    108,580       2,695  
Actuant Corp.
    277,230       5,420  
Albany International Corp.
    87,340       1,880  
Applied Industrial Technologies, Inc.
    76,870       1,910  
Barnes Group, Inc.
    173,690       3,380  
Cenveo, Inc.*
    211,100       1,828  
CIRCOR International, Inc.
    113,170       3,758  
EnPro Industries, Inc.*
    108,830       3,165  
Forward Air Corp.
    148,730       3,912  
Hexcel Corp.*
    320,010       4,621  
Hub Group, Inc., Cl A*
    129,750       3,630  
II-VI, Inc.*
    61,160       2,070  
InnerWorkings, Inc.*(a)
    324,735       1,689  
Kansas City Southern*
    82,510       2,984  
Kelly Services, Inc., Cl A*
    151,560       2,525  
Mueller Water Products, Inc., Cl A
    406,690       1,944  
Orion Marine Group, Inc.*
    46,840       846  
Robbins & Myers, Inc.
    93,080       2,217  
Taleo Corp., Cl A*
    92,010       2,384  
Timken Co. (The)
    104,340       3,131  
UAL Corp.*(a)
    91,680       1,792  
World Fuel Services Corp.
    65,790       1,753  
                 
              59,534  
                 
Information Technology (23.4%)
ArcSight, Inc.*
    53,910       1,518  
Ariba, Inc.*
    307,490       3,951  
AsiaInfo Holdings, Inc.*
    98,325       2,604  
Atheros Communications*
    124,080       4,803  
Belden, Inc.
    136,750       3,755  
Bottomline Technologies, Inc.*
    103,970       1,750  
Concur Technologies, Inc.*
    85,670       3,513  
Constant Contact, Inc.*(a)
    87,400       2,029  
CyberSource Corp.*
    255,310       4,504  
Cymer, Inc.*
    45,740       1,706  
Dionex Corp.*
    45,120       3,374  
Double-Take Software, Inc.*
    265,830       2,369  
Informatica Corp.*
    220,930       5,934  
JDA Software Group, Inc.*
    65,090       1,811  
ManTech International Corp., Cl A*
    62,725       3,063  
MICROS Systems, Inc.*
    69,610       2,289  
MKS Instruments, Inc.*
    119,550       2,342  
NCI, Inc., Cl A*
    41,330       1,249  
Netlogic Microsystems, Inc.*(a)
    133,710       3,935  
NetSuite, Inc.*
    158,520       2,305  
NIC, Inc.(a)
    160,900       1,266  
Novellus Systems, Inc.*
    106,230       2,656  
PMC-Sierra, Inc.*
    118,710       1,059  
Quality Systems, Inc.(a)
    22,920       1,408  
RightNow Technologies, Inc.*
    163,600       2,922  
Skyworks Solutions, Inc.*
    360,720       5,627  
SMART Modular Technologies (WWH), Inc.*
    238,590       1,839  
SuccessFactors, Inc.*
    94,230       1,794  
Sykes Enterprises, Inc.*
    117,760       2,690  
Tech Data Corp.*
    41,270       1,729  
VistaPrint NV*
    64,940       3,718  
Websense, Inc.*
    143,640       3,271  
                 
              88,783  
                 
Materials (2.8%)
Brush Engineered Materials, Inc.*
    69,030       1,558  
Carpenter Technology Corp.
    48,000       1,757  
PolyOne Corp.*
    202,610       2,075  
Schweitzer-Manduit International, Inc.
    20,210       961  
Temple-Inland, Inc.
    121,480       2,482  
Titan Machinery, Inc.*
    129,670       1,775  
                 
              10,608  
                 
Telecommunication Services (1.8%)
Plantronics, Inc.
    113,260       3,543  
Riverbed Technology, Inc.*
    120,120       3,411  
                 
              6,954  
                 
Total Common Stocks
            377,405  
                 
Warrant (0.0%)
Health Care (0.0%)
Drugmax, Inc.(b)
    1,301,500        
                 
Total Warrant
             
                 
Short-Term Investment (10.7%)
RidgeWorth Funds Securities Lending Joint Account(c)(d)
    40,479       40,479  
                 
Total Short-Term Investment
            40,479  
                 
 
See Notes to Financial Statements.


79


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Small Cap Growth Stock Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Money Market Fund (0.5%)
RidgeWorth Institutional Cash Management Money Market Fund(c)
    1,912,176       1,912  
                 
Total Money Market Fund
            1,912  
                 
Total Investments (Cost $322,551)(e) — 110.7%
            419,796  
Liabilities in excess of other assets — (10.7)%
            (40,505 )
                 
Net Assets — 100.0%
          $ 379,291  
                 
 
 
* Non-income producing security.
 
(a) This security or a partial position of the security was on loan as of March 31, 2010. The total value of securities on loan as of March 31, 2010, in thousands, was $39,619.
 
(b) The Fund’s adviser/subadviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. The illiquid securities held by the Fund as of March 31, 2010 are identified below (in thousands):
 
                                         
                    Percentage of
Issue
  Acquisition
  Cost
      Value
  Net Assets
Description   Date   ($)   Shares   ($)   (%)
 
 
Drugmax, Inc. Warrants
    09/27/05       163       1,302              
 
(c) Affiliated investment.
 
(d) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2010 (See Notes to Financial Statements).
 
(e) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


80


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
Small Cap Value Equity Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Common Stocks (96.8%)
Consumer Discretionary (19.3%)
ABM Industries, Inc.
    272,738       5,782  
Arbitron, Inc.(a)
    249,800       6,660  
bebe Stores, Inc.
    463,834       4,128  
Buckle, Inc., (The)(a)
    118,400       4,352  
CKE Restaurants, Inc.
    865,035       9,576  
Columbia Sportswear Co.
    65,900       3,462  
Cracker Barrel Old Country Store, Inc.
    90,300       4,188  
Guess?, Inc.
    226,104       10,622  
Hillenbrand, Inc.
    230,400       5,066  
Interface, Inc., Cl A
    1,999,821       23,158  
Jones Apparel Group, Inc.
    419,400       7,977  
NutriSystem, Inc.(a)
    324,700       5,783  
PRIMEDIA, Inc.
    378,014       1,300  
Ritchie Bros. Auctioneers, Inc.(a)
    159,144       3,425  
Scholastic Corp.
    332,600       9,313  
Tractor Supply Co.
    166,100       9,642  
Washington Post Co. (The), Cl B
    3,645       1,619  
Wolverine World Wide, Inc.
    302,800       8,830  
                 
              124,883  
                 
Consumer Staples (3.3%)
Inter Parfums, Inc.
    208,700       3,093  
PriceSmart, Inc.
    141,900       3,299  
Regis Corp.
    192,000       3,587  
Spartan Stores, Inc.
    245,100       3,534  
WD-40 Co.
    227,400       7,466  
                 
              20,979  
                 
Energy (6.1%)
CARBO Ceramics, Inc.
    75,300       4,694  
Core Laboratories NV
    66,200       8,659  
Holly Corp.
    157,800       4,404  
Ormat Technologies, Inc.(a)
    218,200       6,140  
Southern Union Co.
    179,700       4,559  
St. Mary Land & Exploration Co.
    44,500       1,549  
Tidewater, Inc.
    57,000       2,695  
UGI Corp.
    255,200       6,773  
                 
              39,473  
                 
Financials (20.0%)
Artio Global Investors, Inc.
    327,905       8,113  
Banco Latinoamericano de Exportaciones SA, Ser E
    163,100       2,342  
Bank of Hawaii Corp.
    98,300       4,419  
Cash America International, Inc.
    371,000       14,647  
Cullen/Frost Bankers, Inc.
    183,800       10,256  
Evercore Partners, Inc., Cl A
    206,400       6,192  
Glacier Bancorp, Inc.
    274,806       4,185  
Hanover Insurance Group, Inc. (The)
    266,300       11,613  
HCC Insurance Holdings, Inc.
    652,350       18,005  
Marshall & Ilsley Corp.
    774,700       6,236  
National Retail Properties, Inc. REIT
    286,700       6,546  
Raymond James Financial, Inc.
    222,411       5,947  
Realty Income Corp. REIT(a)
    229,200       7,034  
UMB Financial Corp.
    216,300       8,782  
Washington Real Estate Investment Trust REIT
    205,900       6,290  
Wesco Financial Corp.
    16,173       6,235  
Zions Bancorp(a)
    121,600       2,653  
                 
              129,495  
                 
Health Care (6.8%)
Aceto Corp.
    245,000       1,480  
Computer Programs & Systems, Inc.
    67,600       2,642  
Cooper Cos., Inc. (The)
    472,096       18,355  
Ensign Group, Inc.
    170,400       2,953  
STERIS Corp.
    229,657       7,730  
Techne Corp.
    63,300       4,032  
Teleflex, Inc.
    98,800       6,330  
Young Innovations, Inc.
    12,200       343  
                 
              43,865  
                 
Industrials (27.7%)
A.O. Smith Corp.
    338,800       17,811  
Badger Meter, Inc.
    170,800       6,578  
Brink’s Co. (The)
    310,600       8,768  
CAE, Inc.
    179,900       1,758  
Comfort Systems USA, Inc.
    142,800       1,784  
Cubic Corp.
    89,600       3,226  
Curtiss-Wright Corp.
    165,000       5,742  
Grupo Aeroportuario del Pacifico SA de CV ADR
    520,476       19,268  
Harsco Corp.
    237,900       7,599  
HEICO Corp., Cl A
    42,700       1,692  
Herman Miller, Inc.
    311,100       5,618  
IESI-BFC Ltd.(a)
    1,093,100       18,747  
John Beam Technologies Corp.
    411,600       7,219  
KBR, Inc.
    263,800       5,846  
KMG Chemicals, Inc.
    66,500       1,169  
LSI Industries, Inc.
    121,900       831  
Multi-Color Corp.
    172,875       2,071  
Pall Corp.
    120,900       4,895  
Snap-on, Inc.
    175,700       7,615  
SPX Corp.
    104,900       6,957  
Tennant Co.
    107,700       2,950  
Titan International, Inc.(a)
    445,400       3,888  
Tomkins PLC SP ADR(a)
    266,103       3,789  
 
See Notes to Financial Statements.


81


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Small Cap Value Equity Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Industrials—continued
                 
Towers Watson & Co., Cl A
    255,200       12,122  
UTI Worldwide, Inc.
    274,400       4,204  
Valmont Industries, Inc.
    118,800       9,840  
Wabtec Corp.
    174,700       7,358  
                 
              179,345  
                 
Information Technology (3.0%)
Black Box Corp.
    182,300       5,608  
Cohu, Inc.
    225,853       3,110  
Intersil Corp., Cl A
    721,140       10,644  
                 
              19,362  
                 
Materials (3.9%)
Bemis Co., Inc.
    149,686       4,299  
NewMarket Corp.
    18,800       1,936  
Olin Corp.
    463,500       9,094  
Sensient Technologies Corp.
    181,165       5,264  
Valspar Corp. (The)
    163,900       4,832  
                 
              25,425  
                 
Telecommunication Services (1.6%)
NTELOS Holdings Corp.
    235,464       4,189  
Plantronics, Inc.
    202,700       6,340  
                 
              10,529  
                 
Utilities (5.1%)
Aqua America, Inc.(a)
    357,700       6,285  
Avista Corp.
    209,400       4,337  
California Water Service Group
    157,600       5,927  
ITC Holdings Corp.
    132,600       7,293  
NorthWestern Corp.
    176,300       4,727  
Unisource Energy Corp.
    146,800       4,615  
                 
              33,184  
                 
Total Common Stocks
            626,540  
                 
Short-Term Investment (6.6%)
RidgeWorth Funds Securities Lending Joint Account(b)(c)
    42,856       42,856  
                 
Total Short-Term Investment
            42,856  
                 
Money Market Fund (3.4%)
RidgeWorth Institutional Cash Management Money Market Fund(b)
    22,274,367       22,274  
                 
Total Money Market Fund
            22,274  
                 
Total Investments (Cost $607,734)(d) — 106.8%
            691,670  
Liabilities in excess of other assets — (6.8)%
            (43,753 )
                 
Net Assets — 100.0%
          $ 647,917  
                 
 
 
(a) This security or a partial position of the security was on loan as of March 31, 2010. The total value of securities on loan as of March 31, 2010, in thousands, was $41,477.
 
(b) Affiliated investment.
 
(c) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2010 (See Notes to Financial Statements).
 
(d) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
ADR
— American Depositary Receipt
 
REIT — Real Estate Investment Trust
 
SP ADR — Sponsored American Depositary Receipt
 
See Notes to Financial Statements.


82


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
U.S. Equity 130/30 Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Long Positions (149.1%)
Common Stocks (126.2%)
Consumer Discretionary (13.4%)
American Greetings Corp., Cl A
    1,100       23  
Big Lots, Inc.*(a)
    500       18  
Bob Evans Farms, Inc.(a)
    600       19  
Chipotle Mexican Grill, Inc., Cl A*
    600       68  
Coach, Inc.(a)
    1,600       63  
Cooper Tire & Rubber Co.
    1,300       25  
Corinthian Colleges, Inc.*
    1,100       19  
DeVry, Inc.
    600       39  
DIRECTV Group, Inc. (The), Cl A*(a)
    3,400       115  
Expedia, Inc.
    700       18  
Ford Motor Co.*(a)
    7,000       88  
Gannett Co., Inc.
    1,500       25  
Home Depot, Inc. (The)
    2,000       65  
ITT Educational Services, Inc.*
    200       23  
Kimberly-Clark Corp.(a)
    300       19  
Kohl’s Corp.*
    500       27  
LaCrosse Footwear, Inc.(a)
    600       9  
Leggett & Platt, Inc.(a)
    2,400       52  
MAXIMUS, Inc.
    1,700       104  
McDonald’s Corp.(a)
    900       60  
McGraw-Hill Cos., Inc. (The)
    700       25  
Netflix, Inc.*
    300       22  
News Corp., Cl A
    1,600       23  
NIKE, Inc., Cl B
    400       29  
Nordstrom, Inc.
    500       20  
NutriSystem, Inc.(a)
    2,900       52  
P.F. Chang’s China Bistro, Inc.*
    500       22  
Papa John’s International, Inc.*
    600       15  
PetSmart, Inc.
    500       16  
Rue21, Inc.*
    800       28  
Scholastic Corp.
    2,700       76  
Sherwin-Williams Co. (The)(a)
    800       54  
Stage Stores, Inc.
    1,200       18  
Sturm, Ruger & Co., Inc.(a)
    5,200       62  
Time Warner, Inc.
    2,600       81  
UniFirst Corp.
    1,700       88  
Walt Disney Co. (The)(a)
    2,100       73  
Whirlpool Corp.
    1,000       87  
                 
              1,670  
                 
Consumer Staples (10.7%)
Archer-Daniels-Midland Co.
    1,700       49  
Brown-Forman Corp., Cl B(a)
    1,600       95  
Clorox Co. (The)
    400       26  
Coca-Cola Enterprises, Inc.
    1,100       30  
Colgate-Palmolive Co.(a)
    700       60  
ConAgra Foods, Inc.
    1,000       25  
Estee Lauder Cos., Inc. (The), Cl A
    900       58  
H.J. Heinz Co.
    500       23  
Hansen Natural Corp.*
    500       22  
Hormel Foods Corp.(a)
    3,000       126  
Lorillard, Inc.
    900       68  
Lowe’s Cos., Inc.(a)
    1,600       39  
PepsiCo, Inc.(a)
    800       53  
Philip Morris International, Inc.(a)
    700       36  
Procter & Gamble Co. (The)(a)
    3,600       228  
Safeway, Inc.(a)
    3,500       87  
Tiffany & Co.
    500       24  
TJX Cos., Inc. (The)
    1,000       42  
Wal-Mart Stores, Inc.(a)
    3,900       217  
Whole Foods Market, Inc.*
    700       25  
                 
              1,333  
                 
Energy (9.1%)
Anadarko Petroleum Corp.(a)
    300       22  
Apache Corp.
    300       30  
Axis Capital Holdings Ltd.
    500       16  
Baker Hughes, Inc.
    600       28  
Bill Barrett Corp.*
    900       28  
Cabot Oil & Gas Corp., Cl A
    500       18  
Chesapeake Energy Corp.
    500       12  
Chevron Corp.(a)
    2,200       167  
ConocoPhillips(a)
    1,500       77  
CONSOL Energy, Inc.
    500       21  
El Paso Corp.
    1,400       15  
ENSCO International PLC SP ADR
    600       27  
EOG Resources, Inc.(a)
    300       28  
Exxon Mobil Corp.(a)
    5,700       382  
Helmerich & Payne, Inc.
    600       23  
Hess Corp.
    300       19  
Marathon Oil Corp.(a)
    600       19  
Occidental Petroleum Corp.(a)
    1,100       93  
Schlumberger Ltd.(a)
    700       44  
Williams Cos., Inc. (The)
    1,100       25  
XTO Energy, Inc.(a)
    1,000       47  
                 
              1,141  
                 
Financials (13.3%)
American Equity Investment Life Holding Co.(a)
    5,800       62  
American Express Co.
    600       25  
American International Group, Inc.*
    800       27  
American Physicians Capital, Inc.(a)
    900       29  
AmTrust Financial Services, Inc.(a)
    1,100       15  
Bank of America Corp.(a)
    6,000       107  
BlackRock Kelso Capital Corp.(a)
    8,100       81  
Citigroup, Inc.*(a)
    12,200       49  
CNA Surety Corp.*(a)
    3,200       57  
Encore Capital Group, Inc.*
    1,400       23  
ESSA Bancorp, Inc.(a)
    3,800       48  
Euronet Worldwide, Inc.*
    2,000       37  
 
See Notes to Financial Statements.


83


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
U.S. Equity 130/30 Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Financials—continued
                 
Everest Re Group Ltd.
    300       24  
First Financial Corp.(a)
    800       23  
First of Long Island Corp. (The)
    500       12  
Goldman Sachs Group, Inc. (The)(a)
    1,300       222  
Heartland Financial USA, Inc.(a)
    1,200       19  
JPMorgan Chase & Co.
    4,600       206  
Lakeland Financial Corp.(a)
    1,200       23  
National Bancshares, Inc.(a)
    800       22  
Nelnet, Inc., Cl A
    1,400       26  
Oriental Financial Group, Inc.(a)
    4,600       62  
PennantPark Investment Corp.
    1,700       18  
Piper Jaffray & Cos., Inc.*
    600       24  
QC Holdings, Inc.(a)
    3,900       20  
Shore Bancshares, Inc.(a)
    672       10  
SLM Corp.*
    2,300       29  
Southside Bancshares, Inc.
    2,100       45  
Tower Group, Inc.
    1,000       22  
Travelers Cos., Inc. (The)(a)
    1,200       65  
U.S. Bancorp
    2,900       75  
Unum Group
    1,100       27  
Wells Fargo & Co.(a)
    3,900       121  
                 
              1,655  
                 
Health Care (21.6%)
Abbott Laboratories
    2,200       116  
Advisory Board Co. (The)*
    700       22  
Amgen, Inc.*(a)
    1,600       96  
Baxter International, Inc.(a)
    1,200       70  
Beckman Coulter, Inc.
    300       19  
Biogen Idec, Inc.*(a)
    4,900       281  
Bristol-Myers Squibb Co.
    2,000       53  
Cardinal Health, Inc.
    1,300       47  
CareFusion Corp.*
    900       24  
Celgene Corp.*
    1,600       99  
Cephalon, Inc.*
    900       61  
Cubist Pharmaceuticals, Inc.*(a)
    1,800       40  
Cyberonics, Inc.*
    2,100       40  
Eli Lilly & Co.(a)
    5,000       181  
Emergent Biosolutions, Inc.*(a)
    4,700       79  
Forest Laboratories, Inc.*
    800       25  
Genzyme Corp.*
    2,200       114  
Gilead Sciences, Inc.*(a)
    2,200       100  
Health Net, Inc.*
    2,000       50  
Hill-Rom Holdings, Inc.Ù
    2,800       76  
Hospira, Inc.*
    500       28  
Humana, Inc.*(a)
    3,000       140  
Johnson & Johnson(a)
    3,300       215  
Kensey Nash Corp.*(a)
    600       14  
Kindred Healthcare, Inc.*
    4,800       87  
Martek Biosciences Corp.*(a)
    4,100       92  
Maxygen, Inc.*(a)
    7,700       51  
Medtronic, Inc.(a)
    2,000       90  
Merck & Co., Inc.
    700       26  
NPS Pharmaceuticals, Inc.*
    4,900       25  
Pfizer, Inc.(a)
    9,286       159  
Stryker Corp.
    400       23  
UnitedHealth Group, Inc.(a)
    2,100       69  
Zimmer Holdings, Inc.*(a)
    1,500       89  
                 
              2,701  
                 
Industrials (15.2%)
3M Co.(a)
    1,100       92  
AAON, Inc.(a)
    1,800       41  
Apogee Enterprises, Inc.
    1,800       29  
ATC Technology Corp.*(a)
    900       15  
AZZ, Inc.
    600       20  
Brady Corp., Cl A(a)
    300       9  
Caterpillar, Inc.(a)
    400       25  
CIRCOR International, Inc.
    700       23  
Consolidated Graphics, Inc.*(a)
    700       29  
Crane Co.
    1,400       50  
Deere & Co.
    1,300       77  
Dollar Thrifty Automotive*(a)
    1,600       51  
Dun & Bradstreet Corp. (The)(a)
    600       45  
Dycom Industries, Inc.*
    1,200       11  
DynCorp International, Inc., Cl A*
    1,500       17  
Electro Rent Corp.(a)
    8,300       109  
Emerson Electric Co.(a)
    3,000       151  
EnPro Industries, Inc.*
    900       26  
General Dynamics Corp.(a)
    700       54  
General Electric Co.(a)
    5,200       95  
Hawaiian Holdings, Inc.*(a)
    2,100       16  
Honeywell International, Inc.
    500       23  
ITT Corp.
    400       21  
Kaydon Corp.
    600       23  
Layne Christensen Co.*
    900       24  
Pall Corp.
    500       20  
Raytheon Co.(a)
    2,700       154  
Republic Airways Holdings, Inc.*(a)
    800       5  
Rockwell Automation, Inc.
    1,800       101  
Sterling Construction Co., Inc.*
    1,600       25  
TeleTech Holdings, Inc.*(a)
    4,700       80  
Thomas & Betts Corp.*
    1,200       47  
Towers Watson & Co., Cl A
    400       19  
Union Pacific Corp.
    900       66  
United Parcel Service, Inc., Cl B(a)
    1,800       116  
United Technologies Corp.(a)
    900       66  
USA Truck, Inc.*(a)
    1,400       23  
Walter Energy, Inc.
    1,100       102  
                 
              1,900  
                 
 
See Notes to Financial Statements.


84


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
U.S. Equity 130/30 Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Information Technology (30.2%)
Akamai Technologies, Inc.*
    1,700       53  
Amdocs Ltd.*
    1,600       48  
Analog Devices, Inc.
    2,600       75  
Ancestry.com, Inc.*
    2,900       49  
Apple, Inc.*(a)
    700       164  
BMC Software, Inc.*
    600       23  
Cabot Microelectronics Corp.*
    2,400       91  
Cisco Systems, Inc.*(a)
    7,800       203  
Computer Sciences Corp.*(a)
    1,000       55  
Compuware Corp.*(a)
    11,400       96  
Dell, Inc.*
    2,300       35  
EMC Corp.*(a)
    1,600       29  
Fairchild Semiconductor International, Inc.*
    2,400       26  
Harris Corp.
    1,000       48  
Hewlett-Packard Co.(a)
    3,100       165  
InfoSpace, Inc.*
    4,000       44  
Intel Corp.(a)
    11,400       254  
International Business Machines Corp.(a)
    1,100       141  
Intuit, Inc.*
    800       27  
JDS Uniphase Corp.*
    2,200       28  
KLA-Tencor Corp.
    900       28  
Lexmark International, Inc., Cl A*(a)
    1,000       36  
Manhattan Associates, Inc.*
    4,000       102  
Maxim Integrated Products, Inc.(a)
    1,400       27  
Micron Technology, Inc.*(a)
    11,100       115  
Microsoft Corp.(a)
    10,700       313  
MicroStrategy, Inc., Cl A*(a)
    700       60  
Microtune, Inc.*
    6,700       18  
National Semiconductor Corp.(a)
    900       13  
Oplink Communications, Inc.*
    1,200       22  
Oracle Corp.(a)
    8,000       206  
PC Connection, Inc.*
    2,700       17  
PC Mall, Inc.*
    6,100       31  
QLogic Corp.*
    5,600       114  
Red Hat, Inc.*
    4,000       117  
SanDisk Corp.*
    800       28  
Seagate Technology*
    6,300       115  
Symantec Corp.*(a)
    6,600       112  
Tech Data Corp.*
    1,800       75  
Teradata Corp.*(a)
    1,700       49  
Texas Instruments, Inc.(a)
    5,700       139  
TIBCO Software, Inc.*
    1,700       18  
Tyco Eletronics Ltd.
    2,800       77  
ValueClick, Inc.*(a)
    2,000       20  
VeriSign, Inc.*
    1,200       31  
Virtusa Corp.*
    1,500       15  
Vishay Intertechnology, Inc.*
    2,000       20  
Xilinx, Inc.
    4,500       115  
Yahoo!, Inc.*(a)
    5,100       84  
                 
              3,771  
                 
Materials (5.8%)
A. M. Castle & Co.*
    3,400       44  
A. Schulman, Inc.
    1,300       32  
Ashland, Inc.
    1,700       90  
Balchem Corp.
    1,050       26  
Buckeye Technologies, Inc.*
    2,400       31  
CF Industries Holdings, Inc.(a)
    200       18  
Domtar Corp.*
    400       26  
Dow Chemical Co. (The)
    1,200       35  
E.I. du Pont de Nemours & Co.(a)
    500       19  
Eastman Chemical Co.
    300       19  
Huntsman Corp.
    2,600       31  
Newmont Mining Corp.(a)
    3,200       163  
PPG Industries, Inc.
    300       20  
Rockwood Holdings, Inc.*(a)
    3,400       90  
Universal Stainless & Alloy Products, Inc.*
    400       10  
W.R. Grace & Co.*
    2,700       75  
                 
              729  
                 
Telecommunication Services (4.0%)
AT&T, Inc.(a)
    6,900       178  
Atlantic Tele-Network, Inc.
    600       27  
Qwest Communications International, Inc.
    4,200       22  
Telephone & Data Systems, Inc.(a)
    6,700       227  
Tellabs, Inc.
    2,900       22  
United States Cellular Corp.*
    500       21  
                 
              497  
                 
Utilities (2.9%)
Alliant Energy Corp.
    800       27  
DTE Energy Co.
    500       22  
FirstEnergy Corp.
    1,200       47  
IDACORP, Inc.
    1,800       62  
Integrys Energy Group, Inc.
    800       38  
PG&E Corp.
    1,000       42  
PPL Corp.
    2,800       78  
Questar Corp.
    1,100       48  
                 
              364  
                 
Total Common Stocks
            15,761  
                 
 
See Notes to Financial Statements.


85


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
U.S. Equity 130/30 Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Short-Term Investment (22.9%)
Brown Brothers Harriman & Co., Cayman Islands Cash Sweep, 0.030%, 04/01/10(b)
    2,853       2,853  
                 
Total Short-Term Investments
            2,853  
                 
Total Investments — 149.1%
               
Total Long Positions (Cost $17,602)(c)
            18,614  
                 
Liabilities in excess of other assets — (24.1)%
            (3,011 )
Short Positions (see summary below) — (25.0)%
            (3,122 )
                 
Net Assets — 100.0%
          $ 12,481  
                 
Short Positions ((25.0)%)
Common Stocks Sold Short ((25.0)%)
Commercial Services ((0.2)%)
Coinstar, Inc.*
    (900 )     (29 )
                 
Consumer Discretionary ((2.1)%)
bebe Stores, Inc.
    (2,900 )     (26 )
hhgregg, Inc.*
    (900 )     (23 )
Hyatt Hotels Corp., Cl A*
    (600 )     (23 )
K-Swiss, Inc., Cl A*
    (2,800 )     (29 )
Kenneth Cole Productions, Cl A*
    (2,000 )     (26 )
MAKO Surgical Corp.
    (2,500 )     (34 )
Princeton Review, Inc. (The)*
    (5,200 )     (18 )
REX Stores Corp.*
    (1,800 )     (29 )
Stanley Furniture Co., Inc.*
    (2,700 )     (27 )
Vitamin Shoppe, Inc.*
    (1,100 )     (25 )
                 
              (260 )
                 
Consumer Staples ((0.4)%)
Green Mountain Coffee Roasters, Inc.*
    (300 )     (29 )
Spartan Stores, Inc.
    (1,800 )     (26 )
                 
              (55 )
                 
Diversified Operations ((0.2)%)
Brink’s Co. (The)
    (900 )     (25 )
                 
Financials ((2.2)%)
Activision Blizzard, Inc.
    (2,100 )     (25 )
CoBiz Financial, Inc.
    (7,800 )     (49 )
eHealth, Inc.*
    (2,900 )     (46 )
Guidance Software, Inc.
    (3,600 )     (21 )
Hilltop Holdings, Inc.*
    (1,500 )     (18 )
HMS Holdings Corp.*
    (600 )     (31 )
Marshall & Ilsley Corp.
    (2,900 )     (23 )
Old Republic International Corp.
    (3,200 )     (40 )
Zenith National Insurance Corp.
    (600 )     (23 )
                 
              (276 )
                 
Health Care ((5.2)%)
AGA Medical Holdings, Inc.
    (1,800 )     (29 )
Air Methods Corp.*
    (1,500 )     (51 )
Allos Therapeutics, Inc.*
    (2,500 )     (19 )
Ardea Biosciences, Inc.*
    (1,400 )     (26 )
Catalyst Health Solutions, Inc.*
    (500 )     (21 )
Centene Corp.*
    (1,000 )     (24 )
Computer Programs & Systems, Inc.
    (700 )     (27 )
Halozyme Therapeutics, Inc.*
    (3,100 )     (25 )
HeartWare International, Inc.*
    (2,100 )     (93 )
Itron, Inc.*
    (400 )     (29 )
LCA-Vision, Inc.*
    (3,400 )     (28 )
Myriad Pharmaceuticals, Inc.*
    (5,800 )     (26 )
Palomar Medical Technologies, Inc.*
    (2,300 )     (25 )
Psychiatric Solutions, Inc.*
    (1,100 )     (33 )
Regeneron Pharmaceuticals, Inc.*
    (800 )     (21 )
Rigel Pharmaceuticals, Inc.*
    (2,700 )     (22 )
VCA Antech, Inc.*
    (900 )     (25 )
Vertex Pharmaceuticals, Inc.*
    (2,200 )     (90 )
Volcano Corp.*
    (1,000 )     (24 )
XenoPort, Inc.*
    (1,300 )     (12 )
                 
              (650 )
                 
Industrials ((3.5)%)
Administaff, Inc.
    (2,400 )     (51 )
Arkansas Best Corp.
    (1,800 )     (54 )
Astec Industries, Inc.*
    (700 )     (20 )
Cavco Industries, Inc.*
    (600 )     (20 )
Clean Harbors, Inc.*
    (400 )     (22 )
DigitalGlobe, Inc.
    (700 )     (19 )
Energizer Holdings, Inc.*
    (600 )     (38 )
Flanders Corp.
    (4,100 )     (16 )
FormFactor, Inc.*
    (3,300 )     (59 )
Genessee & Wyoming, Inc., Cl A*
    (700 )     (24 )
MYR Group, Inc.
    (1,400 )     (23 )
Resources Connection, Inc.*
    (1,200 )     (23 )
Satcon Technology Corp.*
    (8,700 )     (21 )
Spirit AeroSystems, Inc., Cl A*
    (1,100 )     (26 )
Toll Brothers, Inc.*
    (1,200 )     (25 )
                 
              (441 )
                 
Information Technology ((8.6)%)
Accenture PLC, CL A
    (500 )     (21 )
ArcSight, Inc.*
    (1,000 )     (28 )
Broadridge Financial Solutions, Inc.
    (1,200 )     (26 )
Brooks Automation, Inc.*
    (2,600 )     (23 )
Cypress Semiconductor Corp.*
    (2,000 )     (23 )
DealerTrack Holdings, Inc.*
    (561 )     (10 )
DemandTec, Inc.*
    (4,100 )     (28 )
DTS, Inc.*
    (800 )     (27 )
Electronic Arts, Inc.*
    (1,300 )     (24 )
 
See Notes to Financial Statements.


86


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
U.S. Equity 130/30 Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Information Technology—continued
                 
Finisar Corp.
    (1,700 )     (27 )
FLIR Systems, Inc.*
    (800 )     (23 )
Global Payments, Inc.
    (500 )     (23 )
GSI Commerce, Inc.*
    (900 )     (25 )
Imation Corp.*
    (2,400 )     (26 )
Integral Systems, Inc.*
    (1,300 )     (12 )
L-1 Identity Solutions, Inc.*
    (6,700 )     (60 )
LogMeIn, Inc.*
    (3,700 )     (77 )
MEMC Electronic Materials, Inc.*
    (1,700 )     (26 )
NCI, Inc., Cl A*
    (600 )     (18 )
NCR Corp.*
    (400 )     (5 )
Netezza Corp.*
    (5,500 )     (70 )
NetLogic Microsystems, Inc.*
    (800 )     (24 )
Nuance Communications, Inc.*
    (2,100 )     (35 )
Rogers Corp.*
    (900 )     (26 )
Smith Micro Software, Inc.*
    (2,600 )     (23 )
SuccessFactors, Inc.*
    (1,300 )     (25 )
Take-Two Interactive Software, Inc.*
    (5,400 )     (53 )
TiVo, Inc.*
    (4,700 )     (80 )
Trimble Navigation Ltd.*
    (900 )     (26 )
Ultratech, Inc.*
    (1,406 )     (19 )
United Online, Inc.
    (3,200 )     (24 )
Verigy Ltd.*
    (4,200 )     (47 )
ViaSat, Inc.*
    (800 )     (28 )
Vocus, Inc.*
    (1,600 )     (27 )
Websense, Inc.*
    (1,300 )     (30 )
                 
              (1,069 )
                 
Materials ((1.3)%)
Compass Minerals International, Inc.
    (600 )     (48 )
Owens-Illinois, Inc.*
    (900 )     (32 )
Sensient Technologies Corp.
    (800 )     (23 )
Silgan Holdings, Inc.
    (500 )     (30 )
Valspar Corp. (The)
    (900 )     (27 )
                 
              (160 )
                 
Telecommunication Services ((0.6)%)
Leap Wireless International, Inc.*
    (1,500 )     (25 )
Syniverse Holdings, Inc.*
    (1,200 )     (23 )
TeleCommunication Systems, Inc., Cl A*
    (3,500 )     (26 )
                 
              (74 )
                 
Utilities ((0.7)%)
Atmos Energy Corp.
    (900 )     (26 )
Pennichuck Corp.
    (1,200 )     (28 )
Pepco Holdings, Inc.
    (1,700 )     (29 )
                 
              (83 )
                 
Total Investment Securities
Sold Short
(Proceeds $2,940)
            (3,122 )
                 
 
 
* Non-income producing security.
 
(a) All or a portion of this security has been segregated at the custodian as coverage to meet future obligations.
 
(b) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(c) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
SP ADR
— Sponsored American Depositary Receipt
 
See Notes to Financial Statements.


87


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
Aggressive Growth Allocation Strategy
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Equity Funds (93.8%)(a)
RidgeWorth Aggressive Growth Stock Fund*
    74,750       961  
RidgeWorth International Equity 130/30 Fund
    195,072       1,317  
RidgeWorth International Equity Index Fund
    101,467       1,291  
RidgeWorth Large Cap Core Equity Fund
    382,059       4,971  
RidgeWorth Large Cap Growth Stock Fund
    270,493       2,594  
RidgeWorth Large Cap Quantitative Equity Fund
    218,710       2,307  
RidgeWorth Large Cap Value Equity Fund
    421,384       4,934  
RidgeWorth Mid-Cap Core Equity Fund
    101,548       1,006  
RidgeWorth Mid-Cap Value Equity Fund
    87,650       979  
RidgeWorth Real Estate 130/30 Fund
    103,492       767  
RidgeWorth Select Large Cap Growth Stock Fund
    92,143       2,561  
RidgeWorth Small Cap Growth Stock Fund*
    76,541       1,019  
RidgeWorth Small Cap Value Equity Fund
    83,295       980  
RidgeWorth U.S. Equity 130/30 Fund
    148,809       1,301  
                 
Total Equity Funds
            26,988  
                 
Exchange Traded Funds (0.9%)
iShares MSCI Emerging Markets Index Fund
    6,041       254  
iShares S&P 500 Index Fund
    39       5  
                 
Total Exchange Traded Funds
            259  
                 
Money Market Fund (5.1%)(a)
RidgeWorth Institutional Cash Management Money Market Fund
    1,467,220       1,467  
                 
Total Money Market Fund
            1,467  
                 
Total Investments (Cost $26,875)(b) — 99.8%
            28,714  
Other assets in excess of liabilities — 0.2%
            43  
                 
Net Assets — 100.0%
          $ 28,757  
                 
 
 
* Non-income producing security.
 
(a) Affiliated investment. Investment is in I Shares (Institutional Shares for RidgeWorth Institutional Cash Management Money Market Fund).
 
(b) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
See Notes to Financial Statements.


88


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
Conservative Allocation Strategy
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Equity Funds (30.9%)(a)
RidgeWorth Aggressive Growth Stock Fund*
    13,646       176  
RidgeWorth International Equity 130/30 Fund
    35,713       241  
RidgeWorth International Equity Index Fund
    18,440       235  
RidgeWorth Large Cap Core Equity Fund
    71,900       935  
RidgeWorth Large Cap Growth Stock Fund
    50,211       482  
RidgeWorth Large Cap Quantitative Equity Fund
    39,747       419  
RidgeWorth Large Cap Value Equity Fund
    80,196       939  
RidgeWorth Mid-Cap Core Equity Fund
    18,436       183  
RidgeWorth Mid-Cap Value Equity Fund
    15,878       177  
RidgeWorth Real Estate 130/30 Fund
    18,787       139  
RidgeWorth Select Large Cap Growth Stock Fund
    17,081       475  
RidgeWorth Small Cap Growth Stock Fund*
    11,443       152  
RidgeWorth Small Cap Value Equity Fund
    12,878       151  
RidgeWorth U.S. Equity 130/30 Fund
    27,351       239  
                 
Total Equity Funds
            4,943  
                 
Fixed Income Funds (60.1%)(a)
RidgeWorth Corporate Bond Fund
    60,784       586  
RidgeWorth High Income Fund
    71,321       483  
RidgeWorth Intermediate Bond Fund
    176,275       1,856  
RidgeWorth Seix Floating Rate High Income Fund
    58,330       513  
RidgeWorth Seix High Yield Fund
    75,539       715  
RidgeWorth Total Return Bond Fund
    442,574       4,691  
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund
    76,373       769  
                 
Total Fixed Income Funds
            9,613  
                 
Exchange Traded Funds (2.3%)
iShares Barclays U.S. Treasury Inflation Protected Securities Fund
    3,161       329  
iShares MSCI Emerging Markets Index Fund
    1,100       46  
iShares S&P 500 Index Fund
    10       1  
                 
Total Exchange Traded Funds
            376  
                 
Money Market Fund (6.0%)(a)
RidgeWorth Institutional Cash Management Money Market Fund
    967,246       967  
                 
Total Money Market Fund
            967  
                 
Total Investments (Cost $14,719)(b) — 99.3%
            15,899  
Other assets in excess of liabilities — 0.7%
            108  
                 
Net Assets — 100.0%
          $ 16,007  
                 
 
 
* Non-income producing security.
 
(a) Affiliated investment. Investment is in I Shares (Institutional Shares for RidgeWorth Institutional Cash Management Money Market Fund).
 
(b) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
See Notes to Financial Statements.


89


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
Growth Allocation Strategy
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Equity Funds (70.1%)(a)
RidgeWorth Aggressive Growth Stock Fund*
    151,319       1,946  
RidgeWorth International Equity 130/30 Fund
    358,755       2,422  
RidgeWorth International Equity Index Fund
    184,223       2,343  
RidgeWorth Large Cap Core Equity Fund
    726,013       9,446  
RidgeWorth Large Cap Growth Stock Fund
    473,544       4,541  
RidgeWorth Large Cap Quantitative Equity Fund
    334,155       3,525  
RidgeWorth Large Cap Value Equity Fund
    811,691       9,505  
RidgeWorth Mid-Cap Core Equity Fund
    186,257       1,846  
RidgeWorth Mid-Cap Value Equity Fund
    167,585       1,872  
RidgeWorth Real Estate 130/30 Fund
    200,538       1,486  
RidgeWorth Select Large Cap Growth Stock Fund
    172,332       4,789  
RidgeWorth Small Cap Growth Stock Fund*
    115,476       1,538  
RidgeWorth Small Cap Value Equity Fund
    129,684       1,525  
RidgeWorth U.S. Equity 130/30 Fund
    266,890       2,333  
                 
Total Equity Funds
            49,117  
                 
Fixed Income Funds (23.2%)(a)
RidgeWorth Corporate Bond Fund
    50,328       485  
RidgeWorth High Income Fund
    110,783       750  
RidgeWorth Intermediate Bond Fund
    90,948       958  
RidgeWorth Seix Floating Rate High Income Fund
    104,142       916  
RidgeWorth Seix High Yield Fund
    135,772       1,284  
RidgeWorth Total Return Bond Fund
    982,358       10,413  
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund
    142,233       1,432  
                 
Total Fixed Income Funds
            16,238  
                 
Exchange Traded Funds (1.6%)
iShares Barclays U.S. Treasury Inflation Protected Securities Fund
    6,124       636  
iShares MSCI Emerging Markets Index Fund
    11,088       467  
iShares S&P 500 Index Fund
    85       10  
                 
Total Exchange Traded Funds
            1,113  
                 
Money Market Fund (5.1%)(a)
RidgeWorth Institutional Cash Management Money Market Fund
    3,569,739       3,570  
                 
Total Money Market Fund
            3,570  
                 
Total Investments (Cost $64,022)(b) — 100.0%
            70,038  
Other assets in excess of liabilities — 0.0%
            19  
                 
Net Assets — 100.0%
          $ 70,057  
                 
 
 
* Non-income producing security.
 
(a) Affiliated investment. Investment is in I Shares (Institutional Shares for RidgeWorth Institutional Cash Management Money Market Fund).
 
(b) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
See Notes to Financial Statements.


90


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
Moderate Allocation Strategy
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Equity Funds (51.8%)(a)
RidgeWorth Aggressive Growth Stock Fund*
    221,453       2,848  
RidgeWorth International Equity 130/30 Fund
    579,361       3,911  
RidgeWorth International Equity Index Fund
    299,411       3,809  
RidgeWorth Large Cap Core Equity Fund
    1,166,168       15,172  
RidgeWorth Large Cap Growth Stock Fund
    814,114       7,807  
RidgeWorth Large Cap Quantitative Equity Fund
    653,485       6,894  
RidgeWorth Large Cap Value Equity Fund
    1,303,758       15,267  
RidgeWorth Mid-Cap Core Equity Fund
    298,933       2,963  
RidgeWorth Mid-Cap Value Equity Fund
    258,225       2,884  
RidgeWorth Real Estate 130/30 Fund
    304,050       2,253  
RidgeWorth Select Large Cap Growth Stock Fund
    277,801       7,720  
RidgeWorth Small Cap Growth Stock Fund*
    185,891       2,476  
RidgeWorth Small Cap Value Equity Fund
    208,087       2,447  
RidgeWorth U.S. Equity 130/30 Fund
    438,126       3,829  
                 
Total Equity Funds
            80,280  
                 
Fixed Income Funds (42.1%)(a)
RidgeWorth Corporate Bond Fund
    207,708       2,000  
RidgeWorth High Income Fund
    295,421       2,000  
RidgeWorth Intermediate Bond Fund
    375,336       3,952  
RidgeWorth Seix Floating Rate High Income Fund
    440,930       3,880  
RidgeWorth Seix High Yield Fund
    574,646       5,436  
RidgeWorth Total Return Bond Fund
    3,964,347       42,022  
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund
    586,940       5,911  
                 
Total Fixed Income Funds
            65,201  
                 
Exchange Traded Funds (2.3%)
iShares Barclays U.S. Treasury Inflation Protected Securities Fund
    25,903       2,692  
iShares MSCI Emerging Markets Index Fund
    18,232       768  
iShares S&P 500 Index Fund
    136       16  
                 
Total Exchange Traded Funds
            3,476  
                 
Money Market Fund (3.8%)(a)
RidgeWorth Institutional Cash Management Money Market Fund
    5,937,871       5,938  
                 
Total Money Market Fund
            5,938  
                 
Total Investments (Cost $143,577)(b) — 100.0%
            154,895  
Liabilities in excess of other assets — 0.0%
            (44 )
                 
Net Assets — 100.0%
          $ 154,851  
                 
 
 
* Non-income producing security.
 
(a) Affiliated investment. Investment is in I Shares (Institutional Shares for RidgeWorth Institutional Cash Management Money Market Fund).
 
(b) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
See Notes to Financial Statements.


91


 

 
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands)
 
                                         
    Aggressive
  Emerging
  International
      International
    Growth
  Growth
  Equity
  International
  Equity
    Stock Fund   Stock Fund   130/30 Fund   Equity Fund   Index Fund
 
Assets:
                                       
Total Investments, at Cost
  $ 70,636     $ 12,881     $ 158,581     $ 233,055     $ 644,338  
                                         
Investments, at Value*
  $ 110,071     $ 19,876     $ 162,697     $ 281,155     $ 841,442  
Investments in Affiliates, at Value
    3,600       194             9,036       47,361  
                                         
Total Investments
    113,671       20,070       162,697       290,191       888,803  
                                         
Cash
                1,733              
Dividends Receivable
    1       1       379       619       2,398  
Foreign Currency, at Value (Cost $—, $—, $—, $2,570 and $568, respectively)
                      2,564       571  
Receivable for Capital Shares Issued
    301       29       45       115       878  
Receivable for Investment Securities Sold
          700       17,926       822       3,478  
Reclaims Receivable
                123       112       184  
Prepaid Expenses and Other Assets
    8       8       11       9       15  
                                         
Total Assets
    113,981       20,808       182,914       294,432       896,327  
                                         
Liabilities:
                                       
Payable for Cash Overdraft
          43                   1,517  
Payable for Foreign Currency at Value (Cost $—, $—, $527, $— and $—, respectively )
                514              
Payable for Investment Securities Purchased
          86       22,727       2,770       170  
Payable for Investment Securities Sold Short, at Value (Proceeds $—, $—, $34,289, $—, and $—, respectively)
                35,733              
Dividends Payable for Securities Sold Short
                60              
Unrealized Depreciation on Forward Foreign Currency Contracts
                1              
Payable for Capital Shares Redeemed
    415       111       34       285       913  
Payable Upon Return of Securities Loaned
    2,182       194             9,036       47,361  
Investment Advisory Fees Payable
    102       12       116       272       348  
Administration, Fund Accounting and Transfer Agency Fees Payable
    4       1       10       13       33  
Compliance Services Fees Payable
    3       1       4       9       29  
Distribution and Service Fees Payable
    1                   2       2  
Custodian Fees Payable
    3       2       37       86       298  
Trustee Fees Payable
    1             1       3       9  
Accrued Expenses
    14       2       13       33       67  
                                         
Total Liabilities
    2,725       452       59,250       12,509       50,747  
                                         
Net Assets
  $ 111,256     $ 20,356     $ 123,664     $ 281,923     $ 845,580  
                                         
Net Assets Consist of:
                                       
Capital
  $ 119,370     $ 40,397     $ 148,813     $ 560,134     $ 733,519  
Accumulated Net Investment Income (Loss)
    4             (501 )     3,518       (1,121 )
Accumulated Net Realized Loss from Investment and Foreign Currency Transactions
    (51,153 )     (27,230 )     (27,340 )     (338,864 )     (131,275 )
Net Unrealized Appreciation/Depreciation on Investments and Foreign Currencies
    43,035       7,189       2,692       57,135       244,457  
                                         
Net Assets
  $ 111,256     $ 20,356     $ 123,664     $ 281,923     $ 845,580  
                                         
Net Assets:
                                       
I Shares
  $ 108,754     $ 19,793     $ 123,661     $ 273,819     $ 839,582  
A Shares#
    2,502       563       3       8,104       5,998  
Shares Outstanding (unlimited number of shares authorized, no par value):
                                       
I Shares
    8,458       1,763       18,329       25,554       66,002  
A Shares#
    199       52             765       475  
Net Asset Value and Redemption Price Per Share:(a)
                                       
I Shares
  $ 12.86     $ 11.23     $ 6.75     $ 10.71     $ 12.72  
A Shares#
    12.62       10.99       6.77       10.59       12.61  
Offering Price per Share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent):
                                       
I Shares
  $ 12.86     $ 11.23     $ 6.75     $ 10.71     $ 12.72  
A Shares
    13.39       11.66       7.18       11.24       13.38  
Maximum Sales Charge — A Shares
    5.75 %     5.75 %     5.75 %     5.75 %     5.75 %
 
Investments include securities on loan of $2,104, $187, $—, $8,598, and $42,238, respectively.
Effective at the close of business on July 31, 2009, C Shares converted into A Shares for the Aggressive Growth Stock Fund, Emerging Growth Stock Fund, International Equity 130/30 Fund, International Equity Fund and the International Equity Index Fund and those Funds’ C Shares are no longer available for purchase.
(a)  Per Share amounts may not recalculate due to rounding of net assets and/or shares outstanding.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


92


 

 
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands)
 
                                         
    Large Cap
  Large Cap
  Large Cap
  Large Cap
  Mid-Cap
    Core
  Growth
  Quantitative
  Value
  Core
    Equity Fund   Stock Fund   Equity Fund   Equity Fund   Equity Fund
 
Assets:
                                       
Total Investments, at Cost
  $ 360,512     $ 386,530     $ 19,003     $ 1,084,372     $ 80,242  
                                         
Investments, at Value*
  $ 450,717     $ 503,793     $ 20,671     $ 1,308,521     $ 92,590  
Investments in Affiliates, at Value
    11,939       14,596       127       14,225       5,614  
                                         
Total Investments
    462,656       518,389       20,798       1,322,746       98,204  
                                         
Dividends Receivable
    467       433       32       1,936       134  
Receivable for Capital Shares Issued
    435       851             1,840       283  
Receivable for Investment Securities Sold
    12,804       6,965             29,306       417  
Prepaid Expenses and Other Assets
    325       11       59       32       85  
                                         
Total Assets
    476,687       526,649       20,889       1,355,860       99,123  
                                         
Liabilities:
                                       
Payable for Investment Securities Purchased
    4,123       6,634             7,809       808  
Payable for Capital Shares Redeemed
    1,691       640             3,725       133  
Payable Upon Return of Securities Loaned
          12,479             741       3,017  
Investment Advisory Fees Payable
    339       389       22       886       76  
Administration, Fund Accounting and Transfer Agency Fees Payable
    5       16             4       1  
Compliance Services Fees Payable
    8       7       1       20       1  
Distribution and Service Fees Payable
    27       26             25       5  
Custodian Fees Payable
    3       2       5       4       2  
Trustee Fees Payable
    3       2             7        
Accrued Expenses
    29       26       8       49       4  
                                         
Total Liabilities
    6,228       20,221       36       13,270       4,047  
                                         
Net Assets
  $ 470,459     $ 506,428     $ 20,853     $ 1,342,590     $ 95,076  
                                         
Net Assets Consist of:
                                       
Capital
  $ 639,979     $ 435,414     $ 53,313     $ 1,404,211     $ 99,527  
Accumulated Net Investment Income (Loss)
          21       1             1  
Accumulated Net Realized Loss from Investment Transactions
    (271,664 )     (60,866 )     (34,256 )     (299,995 )     (22,414 )
Net Unrealized Appreciation/Depreciation on Investments
    102,144       131,859       1,795       238,374       17,962  
                                         
Net Assets
  $ 470,459     $ 506,428     $ 20,853     $ 1,342,590     $ 95,076  
                                         
Net Assets:
                                       
I Shares
  $ 422,673     $ 443,918     $ 20,284     $ 1,288,962     $ 85,806  
A Shares#
    21,511       44,994       569       33,805       5,073  
C Shares#
    26,275       17,516             19,823       4,197  
Shares Outstanding (unlimited number of shares authorized, no par value):
                                       
I Shares
    32,478       46,278       1,924       110,066       8,662  
A Shares#
    1,636       5,051       55       2,898       542  
C Shares#
    2,059       2,205             1,725       505  
Net Asset Value and Redemption Price Per Share:(a)
                                       
I Shares
  $ 13.01     $ 9.59     $ 10.55     $ 11.71     $ 9.91  
A Shares
    13.15       8.91       10.44       11.66       9.36  
C Shares(b)
    12.76       7.94       N/A       11.49       8.32  
Offering Price per Share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent):
                                       
I Shares
  $ 13.01     $ 9.59     $ 10.55     $ 11.71     $ 9.91  
A Shares
    13.95       9.45       11.08       12.37       9.93  
C Shares
    12.76       7.94       N/A       11.49       8.32  
Maximum Sales Charge — A Shares
    5.75 %     5.75 %     5.75 %     5.75 %     5.75 %
 
*    Investments include securities on loan of $—, $12,187, $—, $718 and $2,974, respectively.
#   Effective at the close of business on July 31, 2009, C Shares converted into A Shares for the Large Cap Quantitative Equity Fund and the Fund’s Shares are no longer available for purchase.
(a)  Per Share amounts may not recalculate due to rounding of net assets and/or shares outstanding.
(b)  Redemption price per share varies based on length of time shares are held.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


93


 

 
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands)
 
                                         
    Mid-Cap
      Select Large
  Small Cap
  Small Cap
    Value
  Real Estate
  Cap Growth
  Growth
  Value
    Equity Fund   130/30 Fund   Stock Fund   Stock Fund   Equity Fund
 
Assets:
                                       
Total Investments, at Cost
  $ 733,818     $ 12,850     $ 102,970     $ 322,551     $ 607,734  
                                         
Investments, at Value*
  $ 803,017     $ 15,126     $ 129,448     $ 377,405     $ 626,540  
Investments in Affiliates, at Value
    41,072             3,766       42,391       65,130  
                                         
Total Investments
    844,089       15,126       133,214       419,796       691,670  
                                         
Dividends Receivable
    1,107       51       136       98       841  
Receivable for Capital Shares Issued
    2,948       27       213       589       999  
Receivable for Investment Securities Sold
    9,813       1,137             1,607       279  
Receivable from Adviser
                             
Prepaid Expenses and Other Assets
    19       89       11       14       17  
                                         
Total Assets
    857,976       16,430       133,574       422,104       693,806  
                                         
Liabilities:
                                       
Payable for Investment Securities Purchased
    9,983       2,596             1,187        
Payable for Investment Securities Sold Short, at Value (Proceeds $—, $175, $—, $—, and $—, respectively)
          170                    
Payable for Capital Shares Redeemed
    1,476             60       722       2,349  
Payable Upon Return of Securities Loaned
                      40,479       42,856  
Investment Advisory Fees Payable
    684       7       95       365       624  
Administration, Fund Accounting and Transfer Agency Fees Payable
    2             5       12       16  
Compliance Services Fees Payable
    9             2       7       5  
Distribution and Service Fees Payable
    13             16       10       19  
Custodian Fees Payable
    3       4       2       4       2  
Trustee Fees Payable
    3             1       2       2  
Accrued Expenses
    26       2       9       25       16  
                                         
Total Liabilities
    12,199       2,779       190       42,813       45,889  
                                         
Net Assets
  $ 845,777     $ 13,651     $ 133,384     $ 379,291     $ 647,917  
                                         
Net Assets Consist of:
                                       
Capital
  $ 729,211     $ 12,332     $ 128,272     $ 399,759     $ 627,714  
Accumulated Net Investment Income (Loss)
          35             (1 )     173  
Accumulated Net Realized Gain (Loss) from Investment Transactions
    6,295       (997 )     (25,132 )     (117,712 )     (63,906 )
Net Unrealized Appreciation/Depreciation on Investments
    110,271       2,281       30,244       97,245       83,936  
                                         
Net Assets
  $ 845,777     $ 13,651     $ 133,384     $ 379,291     $ 647,917  
                                         
Net Assets:
                                       
I Shares
  $ 803,168     $ 13,493     $ 114,100     $ 358,947     $ 612,490  
A Shares#
    36,756       158       244       11,517       17,826  
C Shares#
    5,853             19,040       8,827       17,601  
Shares Outstanding (unlimited number of shares authorized, no par value):
                                       
I Shares
    71,884       1,820       4,106       26,955       52,092  
A Shares#
    3,307       22       9       914       1,538  
C Shares#
    531             759       804       1,578  
Net Asset Value and Redemption Price Per Share:(a)
                                       
I Shares
  $ 11.17     $ 7.41     $ 27.79     $ 13.32     $ 11.76  
A Shares
    11.11       7.40       27.47       12.59       11.59  
C Shares(b)
    11.02       N/A       25.10       10.98       11.15  
Offering Price per Share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent):
                                       
I Shares
  $ 11.17     $ 7.41     $ 27.79     $ 13.32     $ 11.76  
A Shares
    11.79       7.85       29.15       13.36       12.30  
C Shares
    11.02       N/A       25.10       10.98       11.15  
Maximum Sales Charge — A Shares
    5.75 %     5.75 %     5.75 %     5.75 %     5.75 %
 
*    Investments include securities on loan of $—, $—, $—, $39,619 and $41,477, respectively.
#   Effective at the close of business July 31, 2009, C Shares converted into A Shares for the Real Estate 130/30 Fund and the Fund’s C Shares are no longer available for purchase.
(a)  Per Share amounts may not recalculate due to rounding of net assets and/or shares outstanding.
(b)  Redemption price per share varies based on length of time shares are held.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


94


 

 
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands)
 
                                         
        Aggressive
           
    U.S. Equity
  Growth
  Conservative
  Growth
  Moderate
    130/30
  Allocation
  Allocation
  Allocation
  Allocation
    Fund   Strategy*   Strategy*   Strategy*   Strategy*
 
Assets:
                                       
Total Investments, at Cost
  $ 17,602     $ 26,875     $ 14,719     $ 64,022     $ 143,577  
                                         
Investments, at Value
  $ 18,614     $ 259     $ 376     $ 1,113     $ 3,476  
Investments in Affiliates, at Value
          28,455       15,523       68,925       151,419  
                                         
Total Investments
    18,614       28,714       15,899       70,038       154,895  
                                         
Dividends Receivable
    15             28       47       188  
Receivable for Capital Shares Issued
          9       74       14       73  
Receivable for Investment Securities Sold
    587                          
Receivable from Adviser
                3              
Prepaid Expenses and Other Assets
    10       114       22       23       19  
                                         
Total Assets
    19,226       28,837       16,026       70,122       155,175  
                                         
Liabilities:
                                       
Payable for Investment Securities Purchased
    3,325                          
Payable for Investment Securities Sold Short, at Value (Proceeds $2,940, $—, $—, $—, and $—, respectively)
    3,122                          
Payable for Capital Shares Redeemed
    286       72       9       44       271  
Investment Advisory Fees Payable
    4                   3       11  
Administration, Fund Accounting and Transfer Agency Fees Payable
    2                   1       2  
Compliance Services Fees Payable
                      1       3  
Distribution and Service Fees Payable
          3       6       9       19  
Custodian Fees Payable
    4       1       1       1       1  
Trustee Fees Payable
                      1       1  
Accrued Expenses
    2       4       3       5       16  
                                         
Total Liabilities
    6,745       80       19       65       324  
                                         
Net Assets
  $ 12,481     $ 28,757     $ 16,007     $ 70,057     $ 154,851  
                                         
Net Assets Consist of:
                                       
Capital
  $ 12,057     $ 29,064     $ 15,281     $ 69,418     $ 151,104  
Accumulated Net Investment Income (Loss)
    (14 )           53       59       397  
Accumulated Net Realized Loss from Investment Transactions
    (392 )     (2,146 )     (507 )     (5,436 )     (7,968 )
Net Unrealized Appreciation/Depreciation on Investments
    830       1,839       1,180       6,016       11,318  
                                         
Net Assets
  $ 12,481     $ 28,757     $ 16,007     $ 70,057     $ 154,851  
                                         
Net Assets:
                                       
I Shares
  $ 12,481     $ 22,335     $ 6,310     $ 54,407     $ 125,016  
A Shares#
          2,438       3,137       3,638       8,615  
B Shares
          2,430       2,266       8,778       5,789  
C Shares#
          1,554       4,294       3,234       15,431  
Shares Outstanding (unlimited number of shares authorized, no par value):
                                       
I Shares
    1,427       3,007       548       5,719       12,701  
A Shares#
          331       272       384       877  
B Shares
          336       197       929       592  
C Shares#
          213       375       345       1,579  
Net Asset Value and Redemption Price Per Share:(a)
                                       
I Shares
  $ 8.74     $ 7.43     $ 11.51     $ 9.52     $ 9.84  
A Shares
    N/A       7.38       11.51       9.48       9.82  
B Shares(b)
    N/A       7.22       11.50       9.45       9.78  
C Shares(b)
    N/A       7.30       11.44       9.38       9.77  
Offering Price per Share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent):
                                       
I Shares
  $ 8.74     $ 7.43     $ 11.51     $ 9.52     $ 9.84  
A Shares
    N/A       7.83       12.08       10.06       10.42  
B Shares
    N/A       7.22       11.50       9.45       9.78  
C Shares
    N/A       7.30       11.44       9.38       9.77  
Maximum Sales Charge — A Shares
    5.75 %     5.75 %     4.75 %     5.75 %     5.75 %
 
*    Effective August 1, 2009, the Life Vision Aggressive Growth Fund, Life Vision Conservative Fund, Life Vision Growth and Income Fund and Life Vision Moderate Growth Fund changed their names to the Aggressive Growth Allocation Strategy, Conservative Allocation Strategy, Growth Allocation Strategy and Moderate Allocation Strategy, respectively.
#   Effective at the close of business on July 31, 2009, C Shares converted into A Shares for the U.S. Equity 130/30 Fund and the Fund’s C Shares are no longer available for purchase.
(a)  Per Share amounts may not recalculate due to rounding of net assets and/or shares outstanding.
(b)  Redemption price per share varies based on length of time shares are held.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


95


 

 
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS  For the Year Ended March 31, 2010  (Amounts in thousands)
 
                                         
    Aggressive
  Emerging
  International
      International
    Growth
  Growth
  Equity
  International
  Equity
    Stock Fund   Stock Fund   130/30 Fund   Equity Fund   Index Fund
 
Investment Income:
                                       
Interest Income
  $     $     $     $ 1     $ 2  
Dividend Income
    476       171       4,668       6,435       30,729  
Dividend Income from Affiliated Investment Companies
    4       2                    
Net Income from Securities Lending
    31       47             218       1,656  
Less: Foreign Taxes Withheld
                (305 )     (580 )     (3,367 )
                                         
Total Investment Income
    511       220       4,363       6,074       29,020  
                                         
Expenses:
                                       
Investment Advisory Fees
    1,265       627       1,309       2,869       4,565  
Administration, Fund Accounting and Transfer Agency Fees
    38       19       76       106       371  
Compliance Services Fees
    5       2       4       9       38  
Distribution and Service Fees — A Shares
    5       1             21       15  
Distribution and Service Fees — C Shares#
    5                   10       8  
Shareholder Servicing Fees — I Shares
                            24  
Dividend Expense on Securities Sold Short
                1,538              
Custodian Fees
    14       15       92       172       759  
Registration Fees
    34       29       45       36       37  
Trustee Fees
    5       2       3       7       31  
Other Fees
    30       11       18       51       152  
                                         
Total Expenses
    1,401       706       3,085       3,281       6,000  
Less: Investment Advisory Fees Waived/Expenses Reimbursed
          (20 )           (120 )     (1 )
Less: Administration Fees Waived
    (1 )                 (12 )     (4 )
                                         
Net Expenses
    1,400       686       3,085       3,149       5,995  
                                         
Net Investment Income (Loss)
    (889 )     (466 )     1,278       2,925       23,025  
                                         
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currencies:
                                       
Net Realized Gain (Loss) from:
                                       
Investment and Foreign Currency Transactions
    (7,773 )     5,757       40,207       6,952       (26,767 )
Securities Sold Short
                (10,373 )            
Forward Foreign Currency Contracts
                (79 )            
Net Change in Unrealized Appreciation/Depreciation on:
                                       
Investments and Foreign Currency
    71,662       30,637       18,127       106,660       377,017  
Securities Sold Short
                (1,739 )            
Forward Foreign Currency Contracts
                (1 )            
                                         
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currencies
    63,889       36,394       46,142       113,612       350,250  
                                         
Change in Net Assets from Operations
  $ 63,000     $ 35,928     $ 47,420     $ 116,537     $ 373,275  
                                         
 
Effective at the close of business on July 31, 2009, C Shares converted into A Shares for the Aggressive Growth Stock Fund, Emerging Growth Stock Fund, International Equity 130/30 Fund, International Equity Fund, and the International Equity Index Fund and those Funds’ C Shares are no longer available for purchase. The amounts disclosed above for the C Shares are the expenses incurred prior to the conversion.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


96


 

 
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS  For the Year Ended March 31, 2010  (Amounts in thousands)
 
                                         
    Large Cap
  Large Cap
  Large Cap
  Large Cap
  Mid-Cap
    Core
  Growth
  Quantitative
  Value
  Core
    Equity Fund   Stock Fund   Equity Fund   Equity Fund   Equity Fund
 
Investment Income:
                                       
Dividend Income
  $ 8,688     $ 6,197     $ 684     $ 31,304     $ 1,455  
Dividend Income from Affiliated Investment Companies
    30       12             88       5  
Net Income from Securities Lending
    30       102             118       78  
Less: Foreign Taxes Withheld
    (7 )                        
                                         
Total Investment Income
    8,741       6,311       684       31,510       1,538  
                                         
Expenses:
                                       
Investment Advisory Fees
    3,963       5,150       264       9,744       934  
Administration, Fund Accounting and Transfer Agency Fees
    156       183       12       358       34  
Compliance Services Fees
    16       17             39       2  
Distribution and Service Fees — A Shares
    51       125       1       90       14  
Distribution and Service Fees — C Shares#
    253       164       1       185       39  
Custodian Fees
    17       17       21       27       15  
Registration Fees
    35       35       29       47       28  
Trustee Fees
    12       14       1       31       2  
Other Fees
    100       106       5       159       18  
                                         
Total Expenses
    4,603       5,811       334       10,680       1,086  
Less: Investment Advisory Fees Waived/Expenses Reimbursed
    (41 )     (205 )     (30 )           (4 )
Less: Administration Fees Waived/Expenses Reimbursed
    (375 )     (28 )     (54 )     (111 )     (81 )
                                         
Net Expenses
    4,187       5,578       250       10,569       1,001  
                                         
Net Investment Income (Loss)
    4,554       733       434       20,941       537  
                                         
Net Realized and Unrealized Gain (Loss) on Investments:
                                       
Net Realized Gain (Loss) from:
                                       
Investment Transactions
    28,078       27,887       10,005       89,297       1,172  
Net Change in Unrealized Appreciation/Depreciation on:
                                       
Investments
    141,774       175,527       3,991       387,540       41,527  
                                         
Net Realized and Unrealized Gain (Loss) on Investments
    169,852       203,414       13,996       476,837       42,699  
                                         
Change in Net Assets from Operations
  $ 174,406     $ 204,147     $ 14,430     $ 497,778     $ 43,236  
                                         
 
Effective at the close of business on July 31, 2009, C Shares converted into A Shares for the Large Cap Quantitative Equity Fund and the Fund’s C Shares are no longer available for purchase. The amounts disclosed above for the C Shares are the expenses incurred prior to the conversion.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


97


 

 
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS  For the Year Ended March 31, 2010  (Amounts in thousands)
 
                                         
            Select
       
    Mid-Cap
  Real
  Large Cap
  Small Cap
  Small Cap
    Value
  Estate
  Growth
  Growth
  Value
    Equity Fund   130/30 Fund   Stock Fund   Stock Fund   Equity Fund
 
Investment Income:
                                       
Dividend Income
  $ 11,593     $ 388     $ 1,438     $ 1,064     $ 11,474  
Dividend Income from Affiliated Investment Companies
    40             9             34  
Net Income from Securities Lending
    60             10       555       699  
Less: Foreign Taxes Withheld
                            (77 )
                                         
Total Investment Income
    11,693       388       1,457       1,619       12,130  
                                         
Expenses:
                                       
Investment Advisory Fees
    5,398       108       1,088       4,020       5,551  
Administration, Fund Accounting and Transfer Agency Fees
    154       7       49       116       144  
Compliance Services Fees
    16             4       11       14  
Distribution and Service Fees — A Shares
    34             1       31       21  
Distribution and Service Fees — C Shares#
    34             179       80       143  
Dividend Expense on Securities Sold Short
          66                    
Custodian Fees
    16       18       8       18       16  
Registration Fees
    36       41       39       34       42  
Trustee Fees
    11             3       8       11  
Other Fees
    64       2       33       60       81  
                                         
Total Expenses
    5,763       242       1,404       4,378       6,023  
Less: Investment Advisory Fees Waived/Expenses Reimbursed
          (52 )                 (1 )
Less: Administration Fees Waived/Expenses Reimbursed
    (64 )     (80 )     (1 )     (2 )     (2 )
                                         
Net Expenses
    5,699       110       1,403       4,376       6,020  
                                         
Net Investment Income (Loss)
    5,994       278       54       (2,757 )     6,110  
                                         
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currencies:
                                       
Net Realized Gain (Loss) from:
                                       
Investments
    121,717       2,343       (165 )     21,981       33,835  
Securities Sold Short
          (803 )                  
Net Change in Unrealized Appreciation/Depreciation on:
                                       
Investments
    144,441       2,923       42,564       132,405       165,599  
Securities Sold Short
          (49 )                  
                                         
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currencies
    266,158       4,414       42,399       154,386       199,434  
                                         
Change in Net Assets from Operations
  $ 272,152     $ 4,692     $ 42,453     $ 151,629     $ 205,544  
                                         
 
Effective at the close of business on July 31, 2009, C Shares converted into A Shares for the Real Estate 130/30 Fund and the Fund’s C Shares are no longer available for purchase. The amounts disclosed above for the C Shares are the expenses incurred prior to the conversion.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


98


 

 
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS  For the Year Ended March 31, 2010  (Amounts in thousands)
 
                                         
        Aggressive
           
    U.S.
  Growth
  Conservative
  Growth
  Moderate
    Equity
  Allocation
  Allocation
  Allocation
  Allocation
    130/30 Fund   Strategy*   Strategy*   Strategy*   Strategy*
 
Investment Income:
                                       
Dividend Income
  $ 179     $ 14     $ 9     $ 26     $ 74  
Dividend Income from Affiliated Investment Companies
          289       344       1,188       3,460  
                                         
Total Investment Income
    179       303       353       1,214       3,534  
                                         
Expenses:
                                       
Investment Advisory Fees
    77       24       13       64       147  
Administration, Fund Accounting and Transfer Agency Fees
    12       11       6       30       54  
Compliance Services Fees
          1             2       5  
Distribution and Service Fees — A Shares
          6       4       10       21  
Distribution and Service Fees — B Shares
          17       20       65       47  
Distribution and Service Fees — C Shares#
          13       33       32       142  
Dividend Expense on Securities Sold Short
    42                          
Custodian Fees
    13       4       5       5       5  
Registration Fees
    41       30       36       35       45  
Trustee Fees
          1             2       4  
Other Fees
    3       10       6       17       47  
                                         
Total Expenses
    188       117       123       262       517  
Less: Investment Advisory Fees Waived/Expenses Reimbursed
    (53 )     (30 )     (39 )     (28 )     (17 )
Less: Administration Fees Waived/Expenses Reimbursed
    (1 )     (87 )     (1 )     (5 )     (11 )
                                         
Net Expenses
    134             83       229       489  
                                         
Net Investment Income
    45       303       270       985       3,045  
                                         
Net Realized and Unrealized Gain (Loss) on Investments:
                                       
Net Realized Gain (Loss) from:
                                       
Investment Transactions**
    1,974       (399 )     12       (2,676 )     (2,376 )
Securities Sold Short
    (429 )                        
Capital Gain Received from Investments in Affiliated Investment Companies
                65       129       521  
Net Change in Unrealized Appreciation/Depreciation on
                                       
Investments**
    1,224       9,154       1,740       21,213       35,788  
Securities Sold Short
    (160 )                        
                                         
Net Realized and Unrealized Gain (Loss) on Investments
    2,609       8,755       1,817       18,666       33,933  
                                         
Change in Net Assets from Operations
  $ 2,654     $ 9,058     $ 2,087     $ 19,651     $ 36,978  
                                         
 
Effective August 1, 2009 the Life Vision Aggressive Growth Fund, Life Vision Conservative Fund, Life Vision Growth and Income Fund and Life Vision Moderate Growth Fund changed their names to the Aggressive Growth Allocation Strategy, Conservative Allocation Strategy, Growth Allocation Strategy and Moderate Allocation Strategy, respectively.
 
Effective at the close of business on July 31, 2009, C Shares converted into A Shares for the U.S. Equity 130/30 Fund and the Fund’s C Shares are no longer available for purchase. The amounts disclosed above for the C Shares are the expenses incurred prior to the conversion.
 
**  Net realized gain (loss) from investment transactions and net change in unrealized appreciation/depreciation on investments for the Allocation Strategy Funds are primarily attributable to the underlying investments in affiliated investment companies.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


99


 

 
STATEMENTS OF CASH FLOWS
RIDGEWORTH FUNDS  For the Year Ended March 31, 2010
 
                         
    International
       
    Equity 130/30
  Real Estate
  U.S. Equity
    Fund   130/30 Fund   130/30 Fund
 
Cash Flows from Operating Activities:
                       
Net Increase (Decrease) in Net Assets Resulting from Operations
  $ 47,420     $ 4,692     $ 2,654  
Adjustments to Reconcile Net Increase in Net Assets resulting from Operations to Net Cash Used in Operating Activities:
                       
Purchases of Investment Securities
    (947,421 )     (78,105 )     (51,087 )
Proceeds from Investment Securities Sold
    933,998       74,141       39,922  
Purchases to Cover Securities Sold Short
    (278,792 )     (21,357 )     (12,763 )
Proceeds from Securities Sold Short
    281,528       19,310       14,320  
Net Realized (Gain)/Loss from Investments and Foreign Currency Transactions
    (29,755 )     (1,540 )     (1,545 )
Net Change in Unrealized Appreciation/Depreciation on Investments and Foreign Currencies
    (16,387 )     (2,874 )     (1,064 )
Change in Assets and Liabilities:
                       
Decrease (Increase) in Assets:
                       
Foreign Currency
    (728 )            
Interest and Dividends Receivable
    13       (83 )     (9 )
Reclaims Receivable
    (47 )            
Receivable for Investment Securities Sold
    (14,944 )     (831 )     (587 )
Receivable from Adviser
          (6 )     1  
Receivable for Capital Shares Issued
    12       (27 )      
Prepaid Expenses
    14       12       12  
(Decrease) Increase in Liabilities:
                       
Payable for Foreign Currency
    514              
Payable for Investment Securities Purchased
    19,535       2,273       3,325  
Unrealized Depreciation on Forward Foreign Currency Contracts
    1              
Dividends Payable for Securities Sold Short
    29       (5 )      
Payable for Capital Shares Redeemed
    (16 )           286  
Investment Advisory Fees Payable
    42       12       4  
Administration, Fund Accounting and Transfer Agent Fees Payable
                1  
Compliance Service Fees Payable
    2              
Custodian Fees Payable
    10       3       2  
Trustee Fees Payable
                 
Accrued Expenses
    (4 )     (5 )     (5 )
                         
Net Cash Used in Operating Activities
    (4,976 )     (4,390 )     (6,533 )
                         
Cash Flows from Financing Activities:
                       
Proceeds from Shares Issued
    49,294       5,346       6,897  
Cost of Shares Redeemed
    (40,874 )     (873 )     (364 )
Dividends and Distributions to Shareholders
    (1,711 )     (83 )      
                         
Net Cash Provided by Financing Activities
    6,709       4,390       6,533  
                         
Net Increase in Cash
    1,733              
Cash at beginning of period
                 
                         
Cash at end of period
  $ 1,733     $     $  
                         
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
Non-cash financing activities not included herein consists of reinvestments of dividends of $224, $189 and $70 for International 130/30 Fund, Real Estate 130/30 Fund and U.S. Equity 130/30 Fund, respectively.
 
See Notes to Financial Statements.


100


 

 
STATEMENTS OF CHANGES IN NET ASSETS
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
    Aggressive Growth
  Emerging Growth
  International Equity
  International
    Stock Fund   Stock Fund   130/30 Fund   Equity Fund
    04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
    03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09
 
Operations:
                                                               
Net Investment Income (Loss)
  $ (889 )   $ (1,798 )   $ (466 )   $ (704 )   $ 1,278     $ 595     $ 2,925     $ 19,791  
Net Realized Gain (Loss) from Investment and Foreign Currency Transactions
    (7,773 )     (39,836 )     5,757       (31,321 )     29,755       (56,752 )     6,952       (339,550 )
Net Change in Unrealized Appreciation/Depreciation on Investments and Foreign Currencies
    71,662       (52,815 )     30,637       (20,743 )     16,387       (13,475 )     106,660       (154,998 )
                                                                 
Change in Net Assets from Operations
    63,000       (94,449 )     35,928       (52,768 )     47,420       (69,632 )     116,537       (474,757 )
                                                                 
Dividends and Distributions to Shareholders:
                                                               
Net Investment Income:
                                                               
I Shares
                            (1,935 )     (350 )     (1,577 )     (16,480 )
A Shares#
                                        (32 )     (132 )
C Shares#
                                              (51 )
Net Realized Gains:
                                                               
I Shares
          (4,869 )           (3,009 )                       (14,078 )
A Shares#
          (12 )           (11 )                       (135 )
C Shares#
          (38 )           (2 )                       (87 )
                                                                 
Total Dividends and Distributions
          (4,919 )           (3,022 )     (1,935 )     (350 )     (1,609 )     (30,963 )
                                                                 
Change in Net Assets from Capital Transactions
    (105,464 )     (57,007 )     (81,768 )     4,558       8,644       135,174       (25,048 )     (411,014 )
Capital Contributions*
                                        255        
                                                                 
Change in Net Assets
    (42,464 )     (156,375 )     (45,840 )     (51,232 )     54,129       65,192       90,135       (916,734 )
                                                                 
Net Assets:
                                                               
Beginning of Period
    153,720       310,095       66,196       117,428       69,535       4,343       191,788       1,108,522  
                                                                 
End of Period
  $ 111,256     $ 153,720     $ 20,356     $ 66,196     $ 123,664     $ 69,535     $ 281,923     $ 191,788  
                                                                 
Accumulated Net Investment Income (Loss), End of Period
  $ 4     $ (1 )   $     $ (4 )   $ (501 )   $ 50     $ 3,518     $ 1,467  
                                                                 
 
Effective at the close of business on July 31, 2009, C Shares converted into A Shares for the Aggressive Growth Stock Fund, Emerging Growth Stock Fund, International Equity 130/30 Fund and International Equity Fund and the Fund’s C Shares were no longer offered.
 
During the period, the Fund received payments in connection with a fair fund settlement.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


101


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
    Aggressive Growth
  Emerging Growth
      International
    Stock Fund   Stock Fund   International Equity 130/30 Fund   Equity Fund
    04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
    03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09
 
Capital Transactions:
                                                               
I Shares:
                                                               
Proceeds from Shares Issued
  $ 28,850     $ 53,115     $ 22,172     $ 42,280     $ 49,292     $ 152,857     $ 65,931     $ 118,540  
Dividends Reinvested
          2,447             953       224       35       1,220       12,140  
Cost of Shares Redeemed
    (134,052 )     (111,911 )     (104,172 )     (38,361 )     (40,857 )     (17,740 )     (90,572 )     (537,071 )
                                                                 
Change in Net Assets from I Shares
    (105,202 )     (56,349 )     (82,000 )     4,872       8,659       135,152       (23,421 )     (406,391 )
                                                                 
A Shares#:
                                                               
Proceeds from Shares Issued
    1,774       72       406       23       2       34       3,433       395  
Dividends Reinvested
          10             10                   29       233  
Cost of Shares Redeemed
    (329 )     (330 )     (117 )     (321 )     (15 )     (15 )     (1,693 )     (4,055 )
                                                                 
Change in Net Assets from A Shares
    1,445       (248 )     289       (288 )     (13 )     19       1,769       (3,427 )
                                                                 
C Shares#:
                                                               
Proceeds from Shares Issued
    4       24       1                   3       11       120  
Dividends Reinvested
          35             1                         135  
Cost of Shares Redeemed
    (1,711 )     (469 )     (58 )     (27 )     (2 )           (3,407 )     (1,451 )
                                                                 
Change in Net Assets from C Shares
    (1,707 )     (410 )     (57 )     (26 )     (2 )     3       (3,396 )     (1,196 )
                                                                 
Change in Net Assets from Capital Transactions
  $ (105,464 )   $ (57,007 )   $ (81,768 )   $ 4,558     $ 8,644     $ 135,174     $ (25,048 )   $ (411,014 )
                                                                 
Share Transactions:
                                                               
I Shares:
                                                               
Issued
    2,644       5,055       2,445       4,697       8,016       20,197       6,277       10,294  
Reinvested
          329             152       35       8       117       1,677  
Redeemed
    (13,847 )     (11,216 )     (10,955 )     (5,105 )     (6,774 )     (3,653 )     (9,988 )     (61,938 )
                                                                 
Change in I Shares
    (11,203 )     (5,832 )     (8,510 )     (256 )     1,277       16,552       (3,594 )     (49,967 )
                                                                 
A Shares#:
                                                               
Issued
    172       10       40       2             4       372       37  
Reinvested
          1             2                   3       33  
Redeemed
    (28 )     (31 )     (12 )     (38 )     (2 )     (2 )     (177 )     (406 )
                                                                 
Change in A Shares
    144       (20 )     28       (34 )     (2 )     2       198       (336 )
                                                                 
C Shares#:
                                                               
Issued
          2                               1       13  
Reinvested
          5                                     20  
Redeemed
    (174 )     (49 )     (7 )     (2 )                 (398 )     (159 )
                                                                 
Change in C Shares
    (174 )     (42 )     (7 )     (2 )                 (397 )     (126 )
                                                                 
Change in Shares
    (11,233 )     (5,894 )     (8,489 )     (292 )     1,275       16,554       (3,793 )     (50,429 )
                                                                 
 
Effective at the close of business on July 31, 2009, C Shares converted into A Shares for the Aggressive Growth Stock Fund, Emerging Growth Stock Fund, International Equity 130/30 Fund and International Equity Fund and those Funds’ C Shares were no longer offered.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


102


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
    International Equity
  Large Cap Core
  Large Cap Growth
  Large Cap Quantitative
    Index Fund   Equity Fund   Stock Fund   Equity Fund
    04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
    03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09
 
                                                                 
Operations:
                                                               
Net Investment Income (Loss)
  $ 23,025     $ 28,190     $ 4,554     $ 11,713     $ 733     $ 2,621     $ 434     $ 875  
Net Realized Gain (Loss) from Investment and Foreign Currency Transactions
    (26,767 )     (66,455 )     28,078       (249,651 )     27,887       (83,514 )     10,005       (30,101 )
Net Change in Unrealized Appreciation/Depreciation on Investments and Foreign Currencies
    377,017       (434,336 )     141,774       (170,157 )     175,527       (116,311 )     3,991       244  
                                                                 
Change in Net Assets from Operations
    373,275       (472,601 )     174,406       (408,095 )     204,147       (197,204 )     14,430       (28,982 )
                                                                 
Dividends and Distributions to Shareholders:
                                                               
Net Investment Income:
                                                               
I Shares
    (27,247 )     (28,597 )     (4,544 )     (11,052 )     (787 )     (2,391 )     (462 )     (828 )
A Shares#
    (182 )     (166 )     (185 )     (325 )     (20 )     (109 )     (8 )     (3 )
C Shares#
          (149 )     (115 )     (189 )           (21 )     (2 )     (2 )
Net Realized Gains:
                                                               
I Shares
                                  (3,045 )            
A Shares
                                  (282 )            
C Shares
                                  (124 )            
                                                                 
Total Dividends and Distributions
    (27,429 )     (28,912 )     (4,844 )     (11,566 )     (807 )     (5,972 )     (472 )     (833 )
                                                                 
Change in Net Assets from Capital Transactions
    (232,053 )     262,410       (98,966 )     (502,124 )     (185,745 )     (35,348 )     (45,007 )     (156,013 )
Capital Contributions*
    153                                            
                                                                 
Change in Net Assets
    113,946       (239,103 )     70,596       (921,785 )     17,595       (238,524 )     (31,049 )     (185,828 )
                                                                 
Net Assets:
                                                               
Beginning of Period
    731,634       970,737       399,863       1,321,648       488,833       727,357       51,902       237,730  
                                                                 
End of Period
  $ 845,580     $ 731,634     $ 470,459     $ 399,863     $ 506,428     $ 488,833     $ 20,853     $ 51,902  
                                                                 
Accumulated Net Investment Income (Loss), End of Period
  $ (1,121 )   $ 993     $     $ 140     $ 21     $ 95     $ 1     $ 39  
                                                                 
 
Effective at the close of business on July 31, 2009, C Shares converted into A Shares for the International Equity Index Fund and Large Cap Quantitative Equity Fund and those Funds’ C Shares were no longer offered.
 
During the period, the Fund received payments in connection with a fair fund settlement.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


103


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
    International Equity
  Large Cap Core
  Large Cap Growth
  Large Cap Quantitative
    Index Fund   Equity Fund   Stock Fund   Equity Fund
    04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
    03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09
 
                                                                 
Capital Transactions:
                                                               
I Shares:
                                                               
Proceeds from Shares Issued
  $ 249,746     $ 529,140     $ 87,252     $ 157,702     $ 80,027     $ 211,667     $ 472     $ 11,973  
Dividends Reinvested
    13,879       17,665       2,317       4,476       304       2,644       293       534  
Cost of Shares Redeemed
    (494,954 )     (282,555 )     (181,121 )     (648,003 )     (257,789 )     (233,668 )     (45,492 )     (167,787 )
                                                                 
Change in Net Assets from I Shares
    (231,329 )     264,250       (91,552 )     (485,825 )     (177,458 )     (19,357 )     (44,727 )     (155,280 )
                                                                 
A Shares#:
                                                               
Proceeds from Shares Issued
    3,061       399       505       639       1,287       1,115       318        
Dividends Reinvested
    157       130       166       290       19       378       7       3  
Cost of Shares Redeemed
    (1,039 )     (1,189 )     (3,737 )     (7,405 )     (7,106 )     (11,919 )     (189 )     (369 )
                                                                 
Change in Net Assets from A Shares
    2,179       (660 )     (3,066 )     (6,476 )     (5,800 )     (10,426 )     136       (366 )
                                                                 
C Shares#:
                                                               
Proceeds from Shares Issued
    95       428       268       288       95       262             9  
Dividends Reinvested
          142       108       179             140       2       2  
Cost of Shares Redeemed
    (2,998 )     (1,750 )     (4,724 )     (10,290 )     (2,582 )     (5,967 )     (418 )     (378 )
                                                                 
Change in Net Assets from C Shares
    (2,903 )     (1,180 )     (4,348 )     (9,823 )     (2,487 )     (5,565 )     (416 )     (367 )
                                                                 
Change in Net Assets from Capital Transactions
  $ (232,053 )   $ 262,410     $ (98,966 )   $ (502,124 )   $ (185,745 )   $ (35,348 )   $ (45,007 )   $ (156,013 )
                                                                 
Share Transactions:
                                                               
I Shares:
                                                               
Issued
    21,861       50,092       7,874       12,910       9,941       29,088       56       1,124  
Reinvested
    1,087       1,756       198       416       38       390       32       60  
Redeemed
    (39,988 )     (22,588 )     (15,791 )     (60,168 )     (30,569 )     (26,260 )     (5,270 )     (14,455 )
                                                                 
Change in I Shares
    (17,040 )     29,260       (7,719 )     (46,842 )     (20,590 )     3,218       (5,182 )     (13,271 )
                                                                 
A Shares#:
                                                               
Issued
    256       31       44       54       166       146       37        
Reinvested
    13       13       14       27       3       62       1        
Redeemed
    (85 )     (96 )     (322 )     (636 )     (914 )     (1,546 )     (20 )     (35 )
                                                                 
Change in A Shares
    184       (52 )     (264 )     (555 )     (745 )     (1,338 )     18       (35 )
                                                                 
C Shares#:
                                                               
Issued
    9       39       24       24       14       34             1  
Reinvested
          15       9       19             26              
Redeemed
    (265 )     (157 )     (413 )     (907 )     (369 )     (839 )     (51 )     (38 )
                                                                 
Change in C Shares
    (256 )     (103 )     (380 )     (864 )     (355 )     (779 )     (51 )     (37 )
                                                                 
Change in Shares
    (17,112 )     29,105       (8,363 )     (48,261 )     (21,690 )     1,101       (5,215 )     (13,343 )
                                                                 
 
Effective at the close of business on July 31, 2009, C Shares converted into A Shares for the International Equity Index Fund and Large Cap Quantitative Equity Fund and those Funds’ C Shares were no longer offered.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


104


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
    Large Cap Value
  Mid-Cap Core
  Mid-Cap Value
  Real Estate
    Equity Fund   Equity Fund   Equity Fund   130/30 Fund
    04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
    03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09
 
Operations:
                                                               
Net Investment Income (Loss)
  $ 20,941     $ 27,798     $ 537     $ 1,198     $ 5,994     $ 4,460     $ 278     $ 89  
Net Realized Gain (Loss) from Investment Transactions
    89,297       (350,018 )     1,172       (22,234 )     121,717       (87,838 )     1,540       (3,026 )
Net Change in Unrealized Appreciation/Depreciation on Investments
    387,540       (142,544 )     41,527       (41,706 )     144,441       (13,072 )     2,874       (722 )
                                                                 
Change in Net Assets from Operations
    497,778       (464,764 )     43,236       (62,742 )     272,152       (96,450 )     4,692       (3,659 )
                                                                 
Dividends and Distributions to Shareholders:
                                                               
Net Investment Income:
                                                               
I Shares
    (20,525 )     (26,780 )     (514 )     (1,090 )     (6,968 )     (4,291 )     (269 )     (91 )
A Shares*#
    (432 )     (747 )     (20 )     (40 )     (100 )     (58 )     (3 )      
C Shares#
    (181 )     (309 )     (4 )     (20 )     (20 )     (18 )            
Net Realized Gains:
                                                               
I Shares
                      (5,269 )                       (76 )
A Shares*#
                      (287 )                        
C Shares#
                      (262 )                        
Tax Return of Capital:
                                                               
I Shares
                                              (23 )
                                                                 
Total Dividends and Distributions
    (21,138 )     (27,836 )     (538 )     (6,968 )     (7,088 )     (4,367 )     (272 )     (190 )
                                                                 
Change in Net Assets from Capital Transactions
    (172,453 )     555,783       (28,758 )     (50,619 )     344,817       66,912       4,662       3,245  
                                                                 
Change in Net Assets
    304,187       63,183       13,940       (120,329 )     609,881       (33,905 )     9,082       (604 )
                                                                 
Net Assets:
                                                               
Beginning of Period
    1,038,403       975,220       81,136       201,465       235,896       269,801       4,569       5,173  
                                                                 
End of Period
  $ 1,342,590     $ 1,038,403     $ 95,076     $ 81,136     $ 845,777     $ 235,896     $ 13,651     $ 4,569  
                                                                 
Accumulated Net Investment Income (Loss), End of Period
  $     $ 194     $ 1     $ 2     $     $ 82     $ 35     $  
                                                                 
 
Commencement of Operations for Real Estate 130/30 A Shares was May 21, 2009.
 
Effective at the close of business on July 31, 2009, C Shares converted into A Shares for the Real Estate 130/30 Fund and the Fund’s C Shares were no longer offered.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


105


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
    Large Cap Value
  Mid-Cap Core
  Mid-Cap Value
  Real Estate
    Equity Fund   Equity Fund   Equity Fund   130/30 Fund
    04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
    03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09
 
Capital Transactions:
                                                               
I Shares:
                                                               
Proceeds from Shares Issued
  $ 305,698     $ 754,480     $ 20,641     $ 15,260     $ 452,188     $ 141,200     $ 5,245     $ 3,054  
Dividends Reinvested
    10,661       13,952       358       4,962       2,710       1,982       186       188  
Cost of Shares Redeemed
    (484,877 )     (200,154 )     (48,490 )     (67,839 )     (140,883 )     (71,913 )     (870 )     (2 )
                                                                 
Change in Net Assets from I Shares
    (168,518 )     568,278       (27,491 )     (47,617 )     314,015       71,269       4,561       3,240  
                                                                 
A Shares*#:
                                                               
Proceeds from Shares Issued
    2,350       1,097       199       169       32,848       919       101        
Dividends Reinvested
    411       711       19       307       96       52       3        
Cost of Shares Redeemed
    (4,331 )     (9,725 )     (744 )     (2,156 )     (4,315 )     (4,308 )            
                                                                 
Change in Net Assets from A Shares
    (1,570 )     (7,917 )     (526 )     (1,680 )     28,629       (3,337 )     104        
                                                                 
C Shares*#:
                                                               
Proceeds from Shares Issued
    313       247       58       112       2,590       82             5  
Dividends Reinvested
    170       292       4       259       18       17              
Cost of Shares Redeemed
    (2,848 )     (5,117 )     (803 )     (1,693 )     (435 )     (1,119 )     (3 )      
                                                                 
Change in Net Assets from C Shares
    (2,365 )     (4,578 )     (741 )     (1,322 )     2,173       (1,020 )     (3 )     5  
                                                                 
Change in Net Assets from Capital Transactions
  $ (172,453 )   $ 555,783     $ (28,758 )   $ (50,619 )   $ 344,817     $ 66,912     $ 4,662     $ 3,245  
                                                                 
Share Transactions:
                                                               
I Shares:
                                                               
Issued
    30,046       71,004       2,616       1,794       50,314       17,733       837       557  
Reinvested
    1,037       1,435       43       750       290       266       30       34  
Redeemed
    (45,969 )     (20,239 )     (5,905 )     (7,116 )     (14,519 )     (9,143 )     (141 )      
                                                                 
Change in I Shares
    (14,886 )     52,200       (3,246 )     (4,572 )     36,085       8,856       726       591  
                                                                 
A Shares*#:
                                                               
Issued
    228       113       27       20       3,288       117       21        
Reinvested
    40       72       2       50       10       7       1        
Redeemed
    (433 )     (974 )     (95 )     (267 )     (444 )     (486 )            
                                                                 
Change in A Shares
    (165 )     (789 )     (66 )     (197 )     2,854       (362 )     22        
                                                                 
C Shares*#:
                                                               
Issued
    31       24       8       17       271       10             1  
Reinvested
    17       31             47       2       3              
Redeemed
    (282 )     (509 )     (111 )     (213 )     (47 )     (136 )     (1 )      
                                                                 
Change in C Shares
    (234 )     (454 )     (103 )     (149 )     226       (123 )     (1 )     1  
                                                                 
Change in Shares
    (15,285 )     50,957       (3,415 )     (4,918 )     39,165       8,371       747       592  
                                                                 
 
Commencement of Operations for Real Estate 130/30 A Shares was May 21, 2009.
 
Effective at the close of business on July 31, 2009, C Shares converted into A Shares for the Real Estate 130/30 Fund and the Fund’s C Shares were no longer offered.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


106


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
    Select Large Cap
  Small Cap
  Small Cap
  U.S. Equity
    Growth Stock Fund   Growth Stock Fund   Value Equity Fund   130/30 Fund
    04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
    03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09
 
Operations:
                                                               
Net Investment Income (Loss)
  $ 54     $ 278     $ (2,757 )   $ (1,467 )   $ 6,110     $ 6,431     $ 45     $ 27  
Net Realized Gain (Loss) from Investment Transactions
    (165 )     (14,703 )     21,981       (114,186 )     33,835       (95,887 )     1,545       (1,676 )
Net Change in Unrealized Appreciation/Depreciation on Investments
    42,564       (22,976 )     132,405       (68,531 )     165,599       (48,980 )     1,064       140  
                                                                 
Change in Net Assets from Operations
    42,453       (37,401 )     151,629       (184,184 )     205,544       (138,436 )     2,654       (1,509 )
                                                                 
Dividends and Distributions to Shareholders:
                                                               
Net Investment Income:
                                                               
I Shares
    (100 )     (278 )                 (6,057 )     (6,421 )     (70 )     (26 )
A Shares#
                            (105 )     (51 )            
C Shares#
                            (61 )     (183 )            
Tax Return of Capital:
                                                               
I Shares
    3       (29 )                                    
A Shares#
                                               
C Shares#
                                               
Net Realized Gains:
                                                               
I Shares
                                  (6,363 )            
A Shares#
                                  (58 )            
C Shares#
                                  (261 )            
                                                                 
Total Dividends and Distributions
    (103 )     (307 )                 (6,223 )     (13,337 )     (70 )     (26 )
                                                                 
Change in Net Assets from Capital Transactions
    (19,918 )     24,804       (60,747 )     (48,895 )     119,120       (15,305 )     6,603       448  
                                                                 
Change in Net Assets
    22,432       (12,904 )     90,882       (233,079 )     318,441       (167,078 )     9,187       (1,087 )
                                                                 
Net Assets:
                                                               
Beginning of Period
    110,952       123,856       288,409       521,488       329,476       496,554       3,294       4,381  
                                                                 
End of Period
  $ 133,384     $ 110,952     $ 379,291     $ 288,409     $ 647,917     $ 329,476     $ 12,481     $ 3,294  
                                                                 
Accumulated Net Investment Income (Loss), End of Period
  $     $     $ (1 )   $ (4 )   $ 173     $ 286     $ (14 )   $ 3  
                                                                 
 
Effective at the close of business on July 31, 2009, C Shares converted into A Shares for the U.S. Equity 130/30 Fund and the Fund’s C Shares were no longer offered.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


107


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
    Select Large Cap
  Small Cap
  Small Cap
  U.S.
    Growth Stock Fund   Growth Stock Fund   Value Equity Fund   Equity 130/30 Fund
    04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
    03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09
 
Capital Transactions:
                                                               
I Shares:
                                                               
Proceeds from Shares Issued
  $ 33,802     $ 58,405     $ 71,797     $ 130,179     $ 221,043     $ 109,452     $ 6,897     $ 423  
Dividends Reinvested
    50       135                   5,513       11,304       70       26  
Cost of Shares Redeemed
    (51,775 )     (29,528 )     (130,256 )     (172,923 )     (120,802 )     (129,771 )     (364 )     (1 )
                                                                 
Change in Net Assets from I Shares
    (17,923 )     29,012       (58,459 )     (42,744 )     105,754       (9,015 )     6,603       448  
                                                                 
A Shares#:
                                                               
Proceeds from Shares Issued
    30       371       796       537       15,087       306              
Dividends Reinvested
                            82       81              
Cost of Shares Redeemed
    (35 )     (544 )     (1,959 )     (3,477 )     (2,270 )     (1,646 )            
                                                                 
Change in Net Assets from A Shares
    (5 )     (173 )     (1,163 )     (2,940 )     12,899       (1,259 )            
                                                                 
C Shares#:
                                                               
Proceeds from Shares Issued
    101       194       258       219       2,814       258              
Dividends Reinvested
                            58       419              
Cost of Shares Redeemed
    (2,091 )     (4,229 )     (1,383 )     (3,430 )     (2,405 )     (5,708 )            
                                                                 
Change in Net Assets from C Shares
    (1,990 )     (4,035 )     (1,125 )     (3,211 )     467       (5,031 )            
                                                                 
Change in Net Assets from Capital Transactions
  $ (19,918 )   $ 24,804     $ (60,747 )   $ (48,895 )   $ 119,120     $ (15,305 )   $ 6,603     $ 448  
                                                                 
Share Transactions:
                                                               
I Shares:
                                                               
Issued
    1,374       2,623       6,435       11,194       21,588       11,948       882       76  
Reinvested
    2       6                   517       1,357       9       4  
Redeemed
    (2,109 )     (1,205 )     (11,582 )     (15,349 )     (11,773 )     (13,557 )     (45 )      
                                                                 
Change in I Shares
    (733 )     1,424       (5,147 )     (4,155 )     10,332       (252 )     846       80  
                                                                 
A Shares#:
                                                               
Issued
    1       13       72       49       1,445       35              
Reinvested
                            7       10              
Redeemed
    (1 )     (24 )     (184 )     (303 )     (214 )     (188 )            
                                                                 
Change in A Shares
          (11 )     (112 )     (254 )     1,238       (143 )            
                                                                 
C Shares#:
                                                               
Issued
    5       10       26       20       284       34              
Reinvested
                            6       53              
Redeemed
    (93 )     (187 )     (147 )     (354 )     (252 )     (635 )            
                                                                 
Change in C Shares
    (88 )     (177 )     (121 )     (334 )     38       (548 )            
                                                                 
Change in Shares
    (821 )     1,236       (5,380 )     (4,743 )     11,608       (943 )     846       80  
                                                                 
 
Effective at the close of business on July 31, 2009, C Shares converted into A Shares for the U.S. Equity 130/30 Fund and the Fund’s C Shares were no longer offered.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


108


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
    Aggressive Growth
  Conservative
  Growth
  Moderate
    Allocation Strategy*   Allocation Strategy*   Allocation Strategy*   Allocation Strategy*
    04/01/09-
  04/01/08-
  04/01/08-
  04/01/08-
  04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
    03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09
 
Operations:
                                                               
Net Investment Income (Loss)
  $ 303     $ 298     $ 270     $ 369     $ 985     $ 1,614     $ 3,045     $ 4,417  
Net Realized Gain (Loss) from Investment Transactions**
    (399 )     (835 )     12       (356 )     (2,676 )     (1,049 )     (2,376 )     (2,262 )
Capital Gain (Loss) Received from Investments in Affiliated Investment Companies
          92       65       10       129       203       521       291  
Net Change in Unrealized Appreciation/Depreciation on Investments and Foreign Currency**
    9,154       (10,097 )     1,740       (733 )     21,213       (20,909 )     35,788       (30,770 )
                                                                 
Change in Net Assets from Operations
    9,058       (10,542 )     2,087       (710 )     19,651       (20,141 )     36,978       (28,324 )
                                                                 
Dividends and Distributions to Shareholders:
                                                               
Net Investment Income:
                                                               
I Shares
    (253 )     (307 )     (132 )     (214 )     (842 )     (1,496 )     (2,711 )     (4,363 )
A Shares
    (22 )     (35 )     (39 )     (28 )     (51 )     (95 )     (138 )     (253 )
B Shares
    (21 )     (30 )     (49 )     (157 )     (102 )     (225 )     (97 )     (246 )
C Shares
    (11 )     (11 )     (60 )     (41 )     (33 )     (75 )     (196 )     (451 )
Net Realized Gains:
                                                               
I Shares
          (3,205 )     (6 )     (54 )           (6,627 )           (6,073 )
A Shares
          (446 )     (2 )     (8 )           (458 )           (388 )
B Shares
          (546 )     (2 )     (47 )           (1,294 )           (408 )
C Shares
          (256 )     (4 )     (10 )           (501 )           (830 )
Tax Return of Capital:
                                                               
I Shares
          (2 )                                    
                                                                 
Total Dividends and Distributions
    (307 )     (4,838 )     (294 )     (559 )     (1,028 )     (10,771 )     (3,142 )     (13,012 )
                                                                 
Change in Net Assets from Capital Transactions
    1,788       (4,226 )     4,827       (927 )     (2,314 )     (9,998 )     (6,865 )     (18,191 )
Capital Contributions from Administrator***
    4                                            
                                                                 
Change in Net Assets
    10,543       (19,606 )     6,620       (2,196 )     16,309       (40,910 )     26,971       (59,527 )
                                                                 
Net Assets:
                                                               
Beginning of Period
    18,214       37,820       9,387       11,583       53,748       94,658       127,880       187,407  
                                                                 
End of Period
  $ 28,757     $ 18,214     $ 16,007     $ 9,387     $ 70,057     $ 53,748     $ 154,851     $ 127,880  
                                                                 
Accumulated Net Investment Income (Loss), End of Period
  $     $     $ 53     $ 17     $ 59     $ 15     $ 397     $ 142  
                                                                 
 
*    Effective August 1, 2009, the Life Vision Aggressive Growth Fund, Life Vision Conservative Fund, Life Vision Growth and Income Fund and Life Vision Moderate Growth Fund changed their names to the Aggressive Growth Allocation Strategy, Conservative Allocation Strategy, Growth Allocation Strategy and Moderate Allocation Strategy, respectively.
**   Net realized gain (loss) from investment transactions and net change in unrealized appreciation/depreciation on investments for the Allocation Strategy Funds are attributable to the underlying investments in affiliated investment companies.
***  Capital contributions represent Fund operating expense waivers in excess of total Fund operating expenses.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


109


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
    Aggressive Growth
  Conservative
  Growth
  Moderate
    Allocation Strategy*   Allocation Strategy*   Allocation Strategy*   Allocation Strategy*
    04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
    03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09
 
Capital Transactions:
                                                               
I Shares:
                                                               
Proceeds from Shares Issued
  $ 7,328     $ 4,221     $ 3,746     $ 1,245     $ 9,439     $ 9,748     $ 24,804     $ 25,338  
Dividends Reinvested
    245       3,393       132       262       834       8,108       2,618       10,135  
Cost of Shares Redeemed
    (5,277 )     (11,697 )     (2,054 )     (2,303 )     (10,505 )     (24,373 )     (33,531 )     (47,452 )
                                                                 
Change in Net Assets from I Shares
    2,296       (4,083 )     1,824       (796 )     (232 )     (6,517 )     (6,109 )     (11,979 )
                                                                 
A Shares:
                                                               
Proceeds from Shares Issued
    399       107       3,228       168       345       99       2,447       354  
Dividends Reinvested
    21       470       33       23       49       535       130       605  
Cost of Shares Redeemed
    (601 )     (296 )     (879 )     (197 )     (510 )     (1,241 )     (1,387 )     (1,633 )
                                                                 
Change in Net Assets from A Shares
    (181 )     281       2,382       (6 )     (116 )     (607 )     1,190       (674 )
                                                                 
B Shares:
                                                               
Proceeds from Shares Issued
                25       119       5       74             72  
Dividends Reinvested
    21       570       50       188       96       1,430       93       622  
Cost of Shares Redeemed
    (338 )     (1,170 )     (1,312 )     (1,663 )     (1,520 )     (3,438 )     (1,817 )     (2,907 )
                                                                 
Change in Net Assets from B Shares
    (317 )     (600 )     (1,237 )     (1,356 )     (1,419 )     (1,934 )     (1,724 )     (2,213 )
                                                                 
C Shares:
                                                               
Proceeds from Shares Issued
    182       235       2,138       1,453       98       138       1,427       762  
Dividends Reinvested
    11       267       27       38       32       554       186       1,225  
Cost of Shares Redeemed
    (203 )     (326 )     (307 )     (260 )     (677 )     (1,632 )     (1,835 )     (5,312 )
                                                                 
Change in Net Assets from C Shares
    (10 )     176       1,858       1,231       (547 )     (940 )     (222 )     (3,325 )
                                                                 
Change in Net Assets from Capital Transactions
  $ 1,788     $ (4,226 )   $ 4,827     $ (927 )   $ (2,314 )   $ (9,998 )   $ (6,865 )   $ (18,191 )
                                                                 
Share Transactions:
                                                               
I Shares:
                                                               
Issued
    1,119       562       338       119       1,099       1,109       2,756       2,867  
Reinvested
    36       619       12       25       95       1,078       285       1,214  
Redeemed
    (797 )     (1,281 )     (187 )     (225 )     (1,240 )     (2,586 )     (3,683 )     (4,970 )
                                                                 
Change in I Shares
    358       (100 )     163       (81 )     (46 )     (399 )     (642 )     (889 )
                                                                 
A Shares:
                                                               
Issued
    58       15       288       15       40       10       261       38  
Reinvested
    3       87       3       2       6       70       14       73  
Redeemed
    (90 )     (38 )     (78 )     (18 )     (58 )     (130 )     (152 )     (189 )
                                                                 
Change in A Shares
    (29 )     64       213       (1 )     (12 )     (50 )     123       (78 )
                                                                 
B Shares:
                                                               
Issued
                2       10       1       7             7  
Reinvested
    3       108       5       18       11       192       10       75  
Redeemed
    (54 )     (160 )     (121 )     (159 )     (178 )     (376 )     (198 )     (324 )
                                                                 
Change in B Shares
    (51 )     (52 )     (114 )     (131 )     (166 )     (177 )     (188 )     (242 )
                                                                 
C Shares:
                                                               
Issued
    27       28       199       148       11       13       156       84  
Reinvested
    2       50       2       4       4       75       21       148  
Redeemed
    (31 )     (35 )     (28 )     (26 )     (80 )     (176 )     (205 )     (599 )
                                                                 
Change in C Shares
    (2 )     43       173       126       (65 )     (88 )     (28 )     (367 )
                                                                 
Change in Shares
    276       (45 )     435       (87 )     (289 )     (714 )     (735 )     (1,576 )
                                                                 
 
Effective August 1, 2009, the Life Vision Aggressive Growth Fund, Life Vision Conservative Fund, Life Vision Growth and Income Fund and Life Vision Moderate Growth Fund changed their names to the Aggressive Growth Allocation Strategy, Conservative Allocation Strategy, Growth Allocation Strategy and Moderate Allocation Strategy, respectively.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


110


 

 
 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                               
                                              Ratio of
       
                                          Ratio
  Net
       
            Net
                            of
  Investment
  Ratio of
   
            Realized
                            Net
  Income
  Expenses to
   
            and
          Distributions
      Net
        Expenses
  (Loss)
  Average Net
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
        to
  to
  Assets
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
    Net Assets,
  Average
  Average
  (Excluding
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
End of
  Net
  Net
  Waivers and
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1) Period (000)   Assets(2)   Assets(2)   Reimbursements)(2)   Rate(3)
Aggressive Growth Stock Fund
                                                                                                             
I Shares
                                                                                                             
Year Ended March 31, 2010
  $ 7.73     $ (0.08 )(a)   $ 5.21     $ 5.13     $     $     $     $ 12.86       66.36 % $ 108,754       1.21 %     (0.77 )%     1.21 %     27 %
Year Ended March 31, 2009
    12.03       (0.09 )     (3.99 )     (4.08 )           (0.22 )     (0.22 )     7.73       (33.89 )   152,030       1.16       (0.72 )     1.16       27  
Year Ended March 31, 2008
    12.64       (0.09 )(a)     (0.11 )     (0.20 )       —       (0.41 )     (0.41 )     12.03       (2.12 )   306,709       1.16       (0.70 )     1.16       59  
Year Ended March 31, 2007
    12.24       (0.09 )(a)     0.49       0.40                         12.64       3.27     323,303       1.17       (0.79 )     1.17       49  
Year Ended March 31, 2006
    9.89       (0.07 )(a)     2.42       2.35                         12.24       23.77     254,412       1.19       (0.61 )     1.23       30  
A Shares
                                                                                                             
Year Ended March 31, 2010
    7.61       (0.13 )(a)     5.14       5.01                         12.62       65.83     2,502       1.52       (1.12 )     1.52       27  
Year Ended March 31, 2009
    11.88       (0.12 )     (3.93 )     (4.05 )           (0.22 )     (0.22 )     7.61       (34.06 )   416       1.46       (1.01 )     1.46       27  
Year Ended March 31, 2008
    12.53       (0.13 )(a)     (0.11 )     (0.24 )           (0.41 )     (0.41 )     11.88       (2.46 )   893       1.46       (0.99 )     1.46       59  
Year Ended March 31, 2007
    12.16       (0.12 )(a)     0.49       0.37                         12.53       3.04     553       1.47       (1.10 )     1.47       49  
Year Ended March 31, 2006
    9.84       (0.10 )(a)     2.42       2.32                         12.16       23.58     331       1.50       (0.94 )     1.55       30  
Emerging Growth Stock Fund
                                                                                                             
I Shares
                                                                                                             
Year Ended March 31, 2010
    6.43       (0.07 )(a)     4.87       4.80                         11.23       74.65     19,793       1.20       (0.82 )     1.24       87  
Year Ended March 31, 2009
    11.08       (0.06 )(a)     (4.33 )     (4.39 )           (0.26 )     (0.26 )     6.43       (39.58 )   66,005       1.17       (0.68 )     1.17       71  
Year Ended March 31, 2008
    12.97       (0.10 )(a)     (0.41 )     (0.51 )           (1.38 )     (1.38 )     11.08       (6.29 )   116,703       1.17       (0.71 )     1.17       117  
Year Ended March 31, 2007
    12.83       (0.10 )(a)     0.24       0.14                         12.97       1.09     111,078       1.17       (0.85 )     1.18       103  
Year Ended March 31, 2006
    9.38       (0.09 )(a)     3.54       3.45                         12.83       36.78     48,369       1.20       (0.84 )     1.24       107  
A Shares
                                                                                                             
Year Ended March 31, 2010
    6.31       (0.11 )(a)     4.79       4.68                         10.99       74.17     563       1.52       (1.20 )     1.64       87  
Year Ended March 31, 2009
    10.92       (0.09 )(a)     (4.26 )     (4.35 )           (0.26 )     (0.26 )     6.31       (39.80 )   150       1.47       (1.00 )     1.47       71  
Year Ended March 31, 2008
    12.83       (0.14 )(a)     (0.39 )     (0.53 )           (1.38 )     (1.38 )     10.92       (6.52 )   632       1.47       (1.01 )     1.47       117  
Year Ended March 31, 2007
    12.74       (0.14 )(a)     0.23       0.09                         12.83       0.71     615       1.48       (1.16 )     1.49       103  
Year Ended March 31, 2006
    9.34       (0.13 )(a)     3.53       3.40                         12.74       36.30     227       1.51       (1.16 )     1.55       107  
International Equity 130/30 Fund(4)(5)
                                                                                                             
I Shares
                                                                                                             
Year Ended March 31, 2010
    4.08       0.08       2.70       2.78       (0.11 )           (0.11 )     6.75       68.36     123,661       2.94       1.22       2.94       628  
Year Ended March 31, 2009
    8.69       0.04 (a)     (4.63 )     (4.59 )     (0.02 )           (0.02 )     4.08       (52.80 )   69,523       2.82       0.77       2.87       491  
Period Ended March 31, 2008
    10.00       (0.01 )     (1.30 )     (1.31 )                       8.69       (13.10 )   4,343       3.29       (0.58 )     7.38 (b)     120  
A Shares
                                                                                                             
Year Ended March 31, 2010
    4.08       0.07       2.70       2.77       (0.08 )           (0.08 )     6.77       67.87     3       3.65       2.34       3.65       628  
Period Ended March 31, 2009
    8.09             (4.00 )     (4.00 )     (0.01 )           (0.01 )     4.08       (49.40 )   10       3.13       (0.12 )     3.17       491  
International Equity Fund
                                                                                                             
I Shares
                                                                                                             
Year Ended March 31, 2010
    6.38       0.11 (a)     4.28       4.39       (0.06 )           (0.06 )     10.71       68.80 (c)   273,819       1.25       1.17       1.30       95  
Year Ended March 31, 2009
    13.77       0.35       (7.28 )     (6.93 )     (0.25 )     (0.21 )     (0.46 )     6.38       (50.68 )   185,862       1.24       2.93       1.25       193  
Year Ended March 31, 2008
    16.83       0.34 (a)     (0.76 )     (0.42 )     (0.34 )     (2.30 )     (2.64 )     13.77       (4.16 )   1,089,572       1.21       2.06       1.21       141  
Year Ended March 31, 2007
    14.49       0.20       2.41       2.61       (0.27 )           (0.27 )     16.83       18.21     1,165,510       1.22       1.31       1.22       81  
Year Ended March 31, 2006
    11.77       0.16       2.72       2.88       (0.16 )           (0.16 )     14.49       24.47 #   926,845       1.31       1.40       1.32       59  
A Shares
                                                                                                             
Year Ended March 31, 2010
    6.32       0.09 (a)     4.22       4.31       (0.04 )           (0.04 )     10.59       68.22 (c)   8,104       1.55       0.68       1.59       95  
Year Ended March 31, 2009
    13.61       0.33       (7.21 )     (6.88 )     (0.20 )     (0.21 )     (0.41 )     6.32       (50.84 )   3,580       1.54       2.71       1.54       193  
Year Ended March 31, 2008
    16.67       0.28 (a)     (0.74 )     (0.46 )     (0.30 )     (2.30 )     (2.60 )     13.61       (4.45 )   12,288       1.51       1.70       1.51       141  
Year Ended March 31, 2007
    14.34       0.16       2.40       2.56       (0.23 )           (0.23 )     16.67       18.00     14,277       1.52       1.05       1.52       81  
Year Ended March 31, 2006
    11.64       0.11       2.70       2.81       (0.11 )           (0.11 )     14.34       24.15 #   11,805       1.62       1.14       1.63       59  
 
See Notes to Financial Highlights and Notes to Financial Statements.


111


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                               
                                              Ratio of
       
                                          Ratio
  Net
       
            Net
                            of
  Investment
  Ratio of
   
            Realized
                            Net
  Income
  Expenses to
   
            and
          Distributions
      Net
        Expenses
  (Loss)
  Average Net
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
        to
  to
  Assets
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
    Net Assets,
  Average
  Average
  (Excluding
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
End of
  Net
  Net
  Waivers and
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1) Period (000)   Assets(2)   Assets(2)   Reimbursements)(2)   Rate(3)
International Equity Index Fund
                                                                                                             
I Shares
                                                                                                             
Year Ended March 31, 2010
  $ 8.75     $ 0.34     $ 4.03     $ 4.37     $ (0.40 )   $     $ (0.40 )   $ 12.72       49.93 % $ 839,582       0.64 %     2.46 %     0.64 %     36 %
Year Ended March 31, 2009
    17.82       0.60       (9.05 )     (8.45 )     (0.62 )           (0.62 )     8.75       (47.89 )   726,931       0.61       3.63       0.61       47  
Year Ended March 31, 2008
    18.64       0.53       (0.86 )     (0.33 )     (0.49 )           (0.49 )     17.82       (2.03 )   958,514       0.59       2.74       0.59       13  
Year Ended March 31, 2007
    15.81       0.35       2.84       3.19       (0.36 )           (0.36 )     18.64       20.27     994,685       0.61       1.99       0.61       8  
Year Ended March 31, 2006
    12.83       0.25       2.94       3.19       (0.21 )           (0.21 )     15.81       25.06 #   774,008       0.76       1.84       0.78       7  
A Shares
                                                                                                             
Year Ended March 31, 2010
    8.69       0.25       4.05       4.30       (0.38 )           (0.38 )     12.61       49.46     5,998       0.94       1.72       0.94       36  
Year Ended March 31, 2009
    17.67       0.52       (8.93 )     (8.41 )     (0.57 )           (0.57 )     8.69       (48.04 )   2,533       0.91       3.48       0.91       47  
Year Ended March 31, 2008
    18.49       0.46       (0.84 )     (0.38 )     (0.44 )           (0.44 )     17.67       (2.29 )   6,052       0.89       2.40       0.89       13  
Year Ended March 31, 2007
    15.66       0.28       2.84       3.12       (0.29 )           (0.29 )     18.49       20.03     5,921       0.91       1.69       0.91       8  
Year Ended March 31, 2006
    12.69       0.25       2.87       3.12       (0.15 )           (0.15 )     15.66       24.74 #   8,666       1.09       1.58       1.12       7  
Large Cap Core Equity Fund
                                                                                                             
I Shares
                                                                                                             
Year Ended March 31, 2010
    8.98       0.12       4.03       4.15       (0.12 )           (0.12 )     13.01       46.42 %   422,673       0.83 %     1.04 %     0.92 %     81 %
Year Ended March 31, 2009
    14.25       0.19       (5.28 )     (5.09 )     (0.18 )           (0.18 )     8.98       (35.88 )   361,038       0.87       1.35       0.88       89  
Year Ended March 31, 2008
    17.79       0.21       (1.81 )     (1.60 )     (0.21 )(d)     (1.73 )     (1.94 )(d)     14.25       (10.32 )   1,239,965       0.86       1.23       0.86       78  
Year Ended March 31, 2007
    17.20       0.25       1.87       2.12       (0.26 )     (1.27 )     (1.53 )     17.79       12.51     1,554,971       0.85       1.41       0.85       58  
Year Ended March 31, 2006
    16.07       0.18       1.83       2.01       (0.18 )     (0.70 )     (0.88 )     17.20       12.76     1,396,362       0.90       1.15       0.90       55  
A Shares
                                                                                                             
Year Ended March 31, 2010
    9.08       0.09       4.08       4.17       (0.10 )           (0.10 )     13.15       46.11     21,511       1.08       0.79       1.17       81  
Year Ended March 31, 2009
    14.40       0.14       (5.31 )     (5.17 )     (0.15 )           (0.15 )     9.08       (36.02 )   17,254       1.12       1.13       1.12       89  
Year Ended March 31, 2008
    17.97       0.17       (1.84 )     (1.67 )     (0.17 )(d)     (1.73 )     (1.90 )(d)     14.40       (10.60 )   35,341       1.11       0.97       1.11       78  
Year Ended March 31, 2007
    17.36       0.20       1.89       2.09       (0.21 )     (1.27 )     (1.48 )     17.97       12.25     46,878       1.10       1.19       1.10       58  
Year Ended March 31, 2006
    16.21       0.14       1.85       1.99       (0.14 )     (0.70 )     (0.84 )     17.36       12.50     45,851       1.15       0.90       1.15       55  
C Shares
                                                                                                             
Year Ended March 31, 2010
    8.84             3.97       3.97       (0.05 )           (0.05 )     12.76       44.99     26,275       1.83       0.04       1.92       81  
Year Ended March 31, 2009
    14.03       0.05       (5.17 )     (5.12 )     (0.07 )           (0.07 )     8.84       (36.51 )   21,571       1.87       0.38       1.87       89  
Year Ended March 31, 2008
    17.56       0.04       (1.79 )     (1.75 )     (0.05 )(d)     (1.73 )     (1.78 )(d)     14.03       (11.27 )   46,342       1.86       0.23       1.86       78  
Year Ended March 31, 2007
    17.00       0.08       1.84       1.92       (0.09 )     (1.27 )     (1.36 )     17.56       11.40     68,436       1.85       0.42       1.85       58  
Year Ended March 31, 2006
    15.89       0.02       1.81       1.83       (0.02 )     (0.70 )     (0.72 )     17.00       11.69     78,348       1.90       0.15       1.90       55  
Large Cap Growth Stock Fund
                                                                                                             
I Shares
                                                                                                             
Year Ended March 31, 2010
    6.57       0.01       3.02       3.03       (0.01 )           (0.01 )     9.59       46.20     443,918       0.99       0.19       1.04       62  
Year Ended March 31, 2009
    9.95       0.04       (3.33 )     (3.29 )     (0.04 )     (0.05 )     (0.09 )     6.57       (33.16 )   439,356       0.99       0.54       1.03       85  
Year Ended March 31, 2008
    12.86       0.05       0.49       0.54       (0.05 )     (3.40 )     (3.45 )     9.95       0.92     633,291       1.00       0.45       1.01       109  
Year Ended March 31, 2007
    12.83       0.06 (a)     0.58       0.64       (0.06 )     (0.55 )     (0.61 )     12.86       5.08     1,105,504       0.98       0.48       0.98       79  
Year Ended March 31, 2006
    12.22       0.03 (a)     0.86       0.89       (0.02 )     (0.26 )     (0.28 )     12.83       7.33     1,296,236       1.06       0.22       1.07       74  
A Shares
                                                                                                             
Year Ended March 31, 2010
    6.11       (0.01 )     2.81       2.80                         8.91       45.90     44,994       1.29       (0.11 )     1.34       62  
Year Ended March 31, 2009
    9.27       0.02       (3.11 )     (3.09 )     (0.02 )     (0.05 )     (0.07 )     6.11       (33.40 )   35,431       1.30       0.19       1.33       85  
Year Ended March 31, 2008
    12.19       0.02       0.49       0.51       (0.03 )     (3.40 )     (3.43 )     9.27       0.68     66,115       1.30       0.16       1.31       109  
Year Ended March 31, 2007
    12.20       0.02 (a)     0.56       0.58       (0.04 )     (0.55 )     (0.59 )     12.19       4.69     80,848       1.28       0.18       1.28       79  
Year Ended March 31, 2006
    11.66       (0.03 )(a)     0.83       0.80             (0.26 )     (0.26 )     12.20       6.97     104,733       1.50       (0.22 )     1.50       74  
C Shares
                                                                                                             
Year Ended March 31, 2010
    5.49       (0.06 )     2.51       2.45                         7.94       44.63     17,516       1.99       (0.81 )     2.04       62  
Year Ended March 31, 2009
    8.37       (0.04 )     (2.78 )     (2.82 )     (0.01 )     (0.05 )     (0.06 )     5.49       (33.77 )   14,046       2.00       (0.52 )     2.03       85  
Year Ended March 31, 2008
    11.36       (0.06 )     0.48       0.42       (0.01 )     (3.40 )     (3.41 )     8.37       (0.08 )   27,949       2.00       (0.54 )     2.01       109  
Year Ended March 31, 2007
    11.46       (0.06 )(a)     0.52       0.46       (0.01 )     (0.55 )     (0.56 )     11.36       3.96     37,356       1.98       (0.52 )     1.98       79  
Year Ended March 31, 2006
    11.04       (0.09 )(a)     0.77       0.68             (0.26 )     (0.26 )     11.46       6.27     51,883       2.07       (0.79 )     2.08       74  
 
See Notes to Financial Highlights and Notes to Financial Statements.


112


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                               
                                              Ratio of
       
                                          Ratio
  Net
       
            Net
                            of
  Investment
  Ratio of
   
            Realized
                            Net
  Income
  Expenses to
   
            and
          Distributions
      Net
        Expenses
  (Loss)
  Average Net
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
        to
  to
  Assets
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
    Net Assets,
  Average
  Average
  (Excluding
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
End of
  Net
  Net
  Waivers and
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1) Period (000)   Assets(2)   Assets(2)   Reimbursements)(2)   Rate(3)
Large Cap Quantitative Equity Fund
                                                                                                             
I Shares
                                                                                                             
Year Ended March 31, 2010
  $ 7.22     $ 0.17     $ 3.32     $ 3.49     $ (0.16 )   $     $ (0.16 )   $ 10.55       48.74 % $ 20,284       0.80 %     1.41 %     1.07 %     523 %
Year Ended March 31, 2009
    11.58       0.11       (4.37 )     (4.26 )     (0.10 )           (0.10 )     7.22       (36.93 )   51,282       0.95       0.94       0.97       500  
Year Ended March 31, 2008
    14.08       0.09 (a)     (0.85 )     (0.76 )     (0.09 )(d)     (1.65 )     (1.74 )(d)     11.58       (6.68 )   235,925       0.92       0.63       0.92       399  
Year Ended March 31, 2007
    13.75       0.07 (a)     0.69       0.76       (0.06 )     (0.37 )     (0.43 )     14.08       5.63     309,126       0.92       0.48       0.92       450  
Year Ended March 31, 2006
    13.25       0.01 (a)     1.55       1.56             (1.06 )     (1.06 )     13.75       12.17     284,727       0.99       0.07       1.02       432  
A Shares
                                                                                                             
Year Ended March 31, 2010
    7.15       0.13       3.31       3.44       (0.15 )           (0.15 )     10.44       48.42     569       0.93       1.30       1.33       523  
Year Ended March 31, 2009
    11.47       0.08       (4.32 )     (4.24 )     (0.08 )           (0.08 )     7.15       (37.10 )   268       1.21       0.69       1.22       500  
Year Ended March 31, 2008
    13.97       0.05 (a)     (0.84 )     (0.79 )     (0.06 )(d)     (1.65 )     (1.71 )(d)     11.47       (6.96 )   830       1.17       0.37       1.17       399  
Year Ended March 31, 2007
    13.65       0.03 (a)     0.69       0.72       (0.03 )     (0.37 )     (0.40 )     13.97       5.38     944       1.17       0.24       1.17       450  
Year Ended March 31, 2006
    13.18       (0.02 )(a)     1.55       1.53             (1.06 )     (1.06 )     13.65       11.90     1,181       1.23       (0.17 )     1.27       432  
Large Cap Value Equity Fund
                                                                                                             
I Shares
                                                                                                             
Year Ended March 31, 2010
    7.99       0.17       3.72       3.89       (0.17 )           (0.17 )     11.71       49.03     1,288,962       0.81       1.67       0.82       105  
Year Ended March 31, 2009
    12.35       0.25       (4.36 )     (4.11 )     (0.25 )           (0.25 )     7.99       (33.65 )   998,608       0.82       2.50       0.82       114  
Year Ended March 31, 2008
    15.13       0.28       (1.16 )     (0.88 )     (0.28 )     (1.62 )     (1.90 )     12.35       (7.07 )   898,491       0.83       1.93       0.83       116  
Year Ended March 31, 2007
    13.85       0.23       1.85       2.08       (0.23 )     (0.57 )     (0.80 )     15.13       15.26     893,491       0.83       1.62       0.83       95  
Year Ended March 31, 2006
    12.59       0.23       1.26       1.49       (0.23 )           (0.23 )     13.85       11.93     766,547       0.85       1.74       0.86       104  
A Shares
                                                                                                             
Year Ended March 31, 2010
    7.96       0.14       3.71       3.85       (0.15 )           (0.15 )     11.66       48.59     33,805       1.11       1.37       1.12       105  
Year Ended March 31, 2009
    12.30       0.24       (4.36 )     (4.12 )     (0.22 )           (0.22 )     7.96       (33.83 )   24,385       1.12       2.17       1.12       114  
Year Ended March 31, 2008
    15.08       0.24       (1.16 )     (0.92 )     (0.24 )     (1.62 )     (1.86 )     12.30       (7.37 )   47,400       1.13       1.63       1.13       116  
Year Ended March 31, 2007
    13.82       0.19       1.83       2.02       (0.19 )     (0.57 )     (0.76 )     15.08       14.81     62,390       1.13       1.32       1.13       95  
Year Ended March 31, 2006
    12.56       0.19       1.26       1.45       (0.19 )           (0.19 )     13.82       11.61     67,845       1.16       1.43       1.17       104  
C Shares
                                                                                                             
Year Ended March 31, 2010
    7.87       0.07       3.65       3.72       (0.10 )           (0.10 )     11.49       47.43     19,823       1.81       0.67       1.82       105  
Year Ended March 31, 2009
    12.16       0.16       (4.31 )     (4.15 )     (0.14 )           (0.14 )     7.87       (34.28 )   15,410       1.82       1.46       1.82       114  
Year Ended March 31, 2008
    14.92       0.14       (1.14 )     (1.00 )     (0.14 )     (1.62 )     (1.76 )     12.16       (7.93 )   29,329       1.83       0.92       1.83       116  
Year Ended March 31, 2007
    13.68       0.09       1.81       1.90       (0.09 )     (0.57 )     (0.66 )     14.92       14.04     40,223       1.83       0.62       1.83       95  
Year Ended March 31, 2006
    12.43       0.09       1.25       1.34       (0.09 )           (0.09 )     13.68       10.86     44,257       1.85       0.74       1.86       104  
 
See Notes to Financial Highlights and Notes to Financial Statements.


113


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                               
                                              Ratio of
       
                                          Ratio
  Net
       
            Net
                            of
  Investment
  Ratio of
   
            Realized
                            Net
  Income
  Expenses to
   
            and
          Distributions
      Net
        Expenses
  (Loss)
  Average Net
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
        to
  to
  Assets
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
    Net Assets,
  Average
  Average
  (Excluding
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
End of
  Net
  Net
  Waivers and
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1) Period (000)   Assets(2)   Assets(2)   Reimbursements)(2)   Rate(3)
Mid-Cap Core Equity Fund
                                                                                                             
I Shares
                                                                                                             
Year Ended March 31, 2010
  $ 6.24     $ 0.06     $ 3.66     $ 3.72     $ (0.05 )   $     $ (0.05 )   $ 9.91       59.77 % $ 85,806       1.02 %     0.63 %     1.11 %     91 %
Year Ended March 31, 2009
    11.26       0.09       (4.60 )     (4.51 )     (0.08 )     (0.43 )     (0.51 )     6.24       (40.27 )   74,341       1.09       0.91       1.09       52  
Year Ended March 31, 2008
    13.89       0.08 (a)     (1.28 )     (1.20 )     (0.09 )     (1.34 )     (1.43 )     11.26       (9.73 )   185,543       1.07       0.56       1.07       58  
Year Ended March 31, 2007
    13.67       0.06       1.21       1.27       (0.06 )     (0.99 )     (1.05 )     13.89       9.59     333,976       1.07       0.43       1.07       189  
Year Ended March 31, 2006
    12.03       0.07       2.26       2.33       (0.07 )     (0.62 )     (0.69 )     13.67       19.68     410,459       1.12       0.63       1.13       138  
A Shares
                                                                                                             
Year Ended March 31, 2010
    5.91       0.03       3.45       3.48       (0.03 )           (0.03 )     9.36       59.07     5,073       1.31       0.33       1.41       91  
Year Ended March 31, 2009
    10.70       0.06       (4.36 )     (4.30 )     (0.06 )     (0.43 )     (0.49 )     5.91       (40.41 )   3,592       1.39       0.63       1.39       52  
Year Ended March 31, 2008
    13.28       0.04 (a)     (1.22 )     (1.18 )     (0.06 )     (1.34 )     (1.40 )     10.70       (10.02 )   8,614       1.37       0.29       1.37       58  
Year Ended March 31, 2007
    13.12       0.02       1.16       1.18       (0.03 )     (0.99 )     (1.02 )     13.28       9.28     11,773       1.37       0.12       1.37       189  
Year Ended March 31, 2006
    11.57       0.03       2.17       2.20       (0.03 )     (0.62 )     (0.65 )     13.12       19.32     16,009       1.47       0.25       1.48       138  
C Shares
                                                                                                             
Year Ended March 31, 2010
    5.27       (0.02 )     3.08       3.06       (0.01 )           (0.01 )     8.32       58.03     4,197       2.01       (0.37 )     2.11       91  
Year Ended March 31, 2009
    9.66       (0.01 )     (3.92 )     (3.93 )     (0.03 )     (0.43 )     (0.46 )     5.27       (40.84 )   3,203       2.09       (0.08 )     2.09       52  
Year Ended March 31, 2008
    12.16       (0.05 )(a)     (1.09 )     (1.14 )     (0.02 )     (1.34 )     (1.36 )     9.66       (10.62 )   7,308       2.07       (0.41 )     2.07       58  
Year Ended March 31, 2007
    12.15       (0.01 )     1.01       1.00             (0.99 )     (0.99 )     12.16       8.51     10,854       2.07       (0.58 )     2.07       189  
Year Ended March 31, 2006
    10.81             1.96       1.96             (0.62 )     (0.62 )     12.15       18.44     13,499       2.13       (0.42 )     2.14       138  
Mid-Cap Value Equity Fund
                                                                                                             
I Shares
                                                                                                             
Year Ended March 31, 2010
    6.45       0.11       4.73       4.84       (0.12 )           (0.12 )     11.17       75.36     803,168       1.03       1.11       1.04       195  
Year Ended March 31, 2009
    9.58       0.14 (a)     (3.13 )     (2.99 )     (0.14 )           (0.14 )     6.45       (31.46 )   231,035       1.07       1.76       1.07       213  
Year Ended March 31, 2008
    13.02       0.19 (a)     (1.18 )     (0.99 )     (0.18 )(e)     (2.27 )(e)     (2.45 )(e)     9.58       (9.75 )   257,978       1.06       1.52       1.06       221  
Year Ended March 31, 2007
    13.14       0.14       2.04       2.18       (0.13 )     (2.17 )     (2.30 )     13.02       17.47     278,949       1.06       1.08       1.06       196  
Year Ended March 31, 2006
    12.27       0.13       2.15       2.28       (0.13 )     (1.28 )     (1.41 )     13.14       19.49     243,534       1.13       1.03       1.16       169  
A Shares
                                                                                                             
Year Ended March 31, 2010
    6.42       0.09       4.70       4.79       (0.10 )           (0.10 )     11.11       74.87     36,756       1.32       0.70       1.34       195  
Year Ended March 31, 2009
    9.53       0.12 (a)     (3.12 )     (3.00 )     (0.11 )           (0.11 )     6.42       (31.64 )   2,912       1.37       1.36       1.37       213  
Year Ended March 31, 2008
    12.97       0.12 (a)     (1.14 )     (1.02 )     (0.15 )(e)     (2.27 )(e)     (2.42 )(e)     9.53       (10.03 )   7,774       1.36       1.04       1.36       221  
Year Ended March 31, 2007
    13.10       0.11       2.03       2.14       (0.10 )     (2.17 )     (2.27 )     12.97       17.11     3,362       1.36       0.78       1.36       196  
Year Ended March 31, 2006
    12.24       0.09       2.14       2.23       (0.09 )     (1.28 )     (1.37 )     13.10       19.09     2,435       1.46       0.72       1.49       169  
C Shares
                                                                                                             
Year Ended March 31, 2010
    6.38       0.02       4.67       4.69       (0.05 )           (0.05 )     11.02       73.71     5,853       2.03       0.13       2.04       195  
Year Ended March 31, 2009
    9.47       0.06 (a)     (3.10 )     (3.04 )     (0.05 )           (0.05 )     6.38       (32.09 )   1,949       2.07       0.72       2.07       213  
Year Ended March 31, 2008
    12.91       0.07 (a)     (1.18 )     (1.11 )     (0.06 )(e)     (2.27 )(e)     (2.33 )(e)     9.47       (10.72 )   4,049       2.06       0.57       2.06       221  
Year Ended March 31, 2007
    13.06       0.02       2.01       2.03       (0.01 )     (2.17 )     (2.18 )     12.91       16.27     6,269       2.06       0.07       2.06       196  
Year Ended March 31, 2006
    12.21       0.02       2.13       2.15       (0.02 )     (1.28 )     (1.30 )     13.06       18.47     6,366       2.03       0.13       2.17       169  
 
See Notes to Financial Highlights and Notes to Financial Statements.


114


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                               
                                              Ratio of
       
                                          Ratio
  Net
       
            Net
                            of
  Investment
  Ratio of
   
            Realized
                            Net
  Income
  Expenses to
   
            and
          Distributions
      Net
        Expenses
  (Loss)
  Average Net
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
        to
  to
  Assets
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
    Net Assets,
  Average
  Average
  (Excluding
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
End of
  Net
  Net
  Waivers and
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1) Period (000)   Assets(2)   Assets(2)   Reimbursements)(2)   Rate(3)
Real Estate 130/30 Fund(4)(5)
I Shares
                                                                                                             
Year Ended March 31, 2010
  $ 4.17     $ 0.17     $ 3.24     $ 3.41     $ (0.17 )   $     $ (0.17 )   $ 7.41       82.75 % $ 13,493       1.28 %     3.20 %     2.80 %     704 %
Year Ended March 31, 2009
    10.28       0.20       (5.94 )     (5.74 )     (0.22 )(d)     (0.15 )     (0.37 )(d)     4.17       (56.69 )   4,567       3.53       1.92       4.87       404  
Period Ended March 31, 2008
    10.00       0.10       0.25       0.35       (0.07 )           (0.07 )     10.28       3.47     5,173       2.48       1.74       3.42 (b)     70  
A Shares
                                                                                                             
Period Ended March 31, 2010Ù
    4.80       0.16       2.60       2.76       (0.16 )           (0.16 )     7.40       58.31     158       1.23       3.05       2.79       704  
Select Large Cap Growth Stock Fund
I Shares
                                                                                                             
Year Ended March 31, 2010
    19.74       0.04       8.03       8.07       (0.02 )(f)           (0.02 )     27.79       40.93     114,100       0.96       0.18       0.96       65  
Year Ended March 31, 2009
    28.32       0.09       (8.60 )     (8.51 )     (0.07 )(d)           (0.07 )(d)     19.74       (30.06 )   95,540       0.95       0.45       0.96       65  
Year Ended March 31, 2008
    26.92       0.08 (a)     1.35       1.43       (0.03 )           (0.03 )     28.32       5.30     96,704       0.94       0.28       0.95       62  
Year Ended March 31, 2007
    25.83       0.15 (a)     0.99       1.14       (0.05 )           (0.05 )     26.92       4.42     98,027       0.97       0.59       0.98       160  
Year Ended March 31, 2006
    24.14             1.82       1.82       (0.13 )           (0.13 )     25.83       7.54     74,481       1.07       0.21       1.08       82  
A Shares
                                                                                                             
Year Ended March 31, 2010
    19.54       (0.03 )     7.97       7.94       (0.01 )(f)           (0.01 )     27.47       40.65     244       1.25       (0.10 )     1.26       65  
Year Ended March 31, 2009
    28.06       0.02       (8.52 )     (8.50 )     (0.02 )(d)           (0.02 )(d)     19.54       (30.28 )   175       1.25       0.04       1.25       65  
Year Ended March 31, 2008
    26.73       (a)     1.33       1.33                         28.06       4.98     556       1.24             1.25       62  
Year Ended March 31, 2007
    25.67       0.07 (a)     0.99       1.06                         26.73       4.13     371       1.28       0.26       1.29       160  
Year Ended March 31, 2006
    24.02       (0.05 )     1.78       1.73       (0.08 )           (0.08 )     25.67       7.21     468       1.39       (0.11 )     1.41       82  
C Shares
                                                                                                             
Year Ended March 31, 2010
    17.99       (0.19 )     7.30       7.11       (f)                 25.10       39.52     19,040       1.96       (0.81 )     1.96       65  
Year Ended March 31, 2009
    25.98       (0.14 )     (7.85 )     (7.99 )                       17.99       (30.75 )   15,237       1.95       (0.59 )     1.95       65  
Year Ended March 31, 2008
    24.93       (0.20 )(a)     1.25       1.05                         25.98       4.21     26,596       1.95       (0.74 )     1.95       62  
Year Ended March 31, 2007
    24.11       (0.11 )(a)     0.93       0.82                         24.93       3.40     32,895       1.98       (0.44 )     1.99       160  
Year Ended March 31, 2006
    22.67       (0.11 )     1.57       1.46       (0.02 )           (0.02 )     24.11       6.46     48,412       2.07       (0.80 )     2.08       82  
 
See Notes to Financial Highlights and Notes to Financial Statements.


115


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                               
                                              Ratio of
       
                                          Ratio
  Net
       
            Net
                            of
  Investment
  Ratio of
   
            Realized
                            Net
  Income
  Expenses to
   
            and
          Distributions
      Net
        Expenses
  (Loss)
  Average Net
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
        to
  to
  Assets
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
    Net Assets,
  Average
  Average
  (Excluding
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
End of
  Net
  Net
  Waivers and
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1) Period (000)   Assets(2)   Assets(2)   Reimbursements)(2)   Rate(3)
Small Cap Growth Stock Fund
I Shares
                                                                                                             
Year Ended March 31, 2010
  $ 8.52     $ (0.09 )   $ 4.89     $ 4.80     $     $     $     $ 13.32       56.34 % $ 358,947       1.22 %     (0.76 )%     1.22 %     103 %
Year Ended March 31, 2009
    13.53       (0.04 )     (4.97 )     (5.01 )                       8.52       (37.03 )   273,548       1.21       (0.30 )     1.21       157  
Year Ended March 31, 2008
    20.61       (0.11 )(a)     (0.33 )     (0.44 )           (6.64 )(d)     (6.64 )(d)     13.53       (7.09 )   490,675       1.19       (0.57 )     1.20       126  
Year Ended March 31, 2007
    23.65       (0.11 )(a)     (1.74 )     (1.85 )           (1.19 )     (1.19 )     20.61       (7.80 )   845,570       1.16       (0.51 )     1.16       139  
Year Ended March 31, 2006
    19.99       (0.14 )(a)     5.46       5.32             (1.66 )     (1.66 )     23.65       27.55     1,641,681       1.17       (0.66 )     1.18       98  
A Shares
                                                                                                             
Year Ended March 31, 2010
    8.08       (0.12 )     4.63       4.51                         12.59       55.82     11,517       1.52       (1.06 )     1.52       103  
Year Ended March 31, 2009
    12.88       (0.08 )     (4.72 )     (4.80 )                       8.08       (37.27 )   8,294       1.51       (0.60 )     1.51       157  
Year Ended March 31, 2008
    19.96       (0.16 )(a)     (0.28 )     (0.44 )           (6.64 )(d)     (6.64 )(d)     12.88       (7.33 )   16,490       1.49       (0.87 )     1.50       126  
Year Ended March 31, 2007
    23.02       (0.17 )(a)     (1.70 )     (1.87 )           (1.19 )     (1.19 )     19.96       (8.06 )   24,320       1.46       (0.81 )     1.46       139  
Year Ended March 31, 2006
    19.56       (0.21 )(a)     5.33       5.12             (1.66 )     (1.66 )     23.02       27.13 ##   59,896       1.51       (1.00 )     1.54       98  
C Shares
                                                                                                             
Year Ended March 31, 2010
    7.10       (0.17 )     4.05       3.88                         10.98       54.65     8,827       2.22       (1.76 )     2.22       103  
Year Ended March 31, 2009
    11.38       (0.15 )     (4.13 )     (4.28 )                       7.10       (37.61 )   6,567       2.21       (1.30 )     2.21       157  
Year Ended March 31, 2008
    18.46       (0.27 )(a)     (0.17 )     (0.44 )           (6.64 )(d)     (6.64 )(d)     11.38       (7.98 )   14,323       2.20       (1.57 )     2.21       126  
Year Ended March 31, 2007
    21.53       (0.29 )(a)     (1.59 )     (1.88 )           (1.19 )     (1.19 )     18.46       (8.68 )   21,545       2.16       (1.51 )     2.16       139  
Year Ended March 31, 2006
    18.51       (0.33 )(a)     5.01       4.68             (1.66 )     (1.66 )     21.53       26.27 ##   36,242       2.18       (1.67 )     2.18       98  
Small Cap Value Equity Fund
I Shares
                                                                                                             
Year Ended March 31, 2010
    7.57       0.11       4.20       4.31       (0.12 )           (0.12 )     11.76       57.15     612,490       1.21       1.29       1.21       62  
Year Ended March 31, 2009
    11.17       0.16       (3.44 )     (3.28 )     (0.16 )     (0.16 )     (0.32 )     7.57       (29.61 )   316,142       1.21       1.61       1.22       71  
Year Ended March 31, 2008
    17.35       0.18       (1.65 )     (1.47 )     (0.17 )     (4.54 )     (4.71 )     11.17       (11.23 )   469,424       1.19       1.20       1.19       75  
Year Ended March 31, 2007
    20.93       0.10       1.25       1.35       (0.11 )     (4.82 )     (4.93 )     17.35       7.41     674,619       1.18       0.55       1.18       62  
Year Ended March 31, 2006
    19.86       0.10       5.39       5.49       (0.10 )     (4.32 )     (4.42 )     20.93       30.70     762,709       1.20       0.48       1.20       58  
A Shares
                                                                                                             
Year Ended March 31, 2010
    7.47       0.07       4.15       4.22       (0.10 )           (0.10 )     11.59       56.66     17,826       1.50       1.00       1.50       62  
Year Ended March 31, 2009
    11.03       0.13       (3.40 )     (3.27 )     (0.13 )     (0.16 )     (0.29 )     7.47       (29.83 )   2,243       1.49       1.34       1.50       71  
Year Ended March 31, 2008
    17.20       0.14       (1.63 )     (1.49 )     (0.14 )     (4.54 )     (4.68 )     11.03       (11.48 )   4,887       1.44       0.94       1.44       75  
Year Ended March 31, 2007
    20.79       0.05       1.24       1.29       (0.06 )     (4.82 )     (4.88 )     17.20       7.17     7,629       1.44       0.28       1.44       62  
Year Ended March 31, 2006
    19.75       0.06       5.36       5.42       (0.06 )     (4.32 )     (4.38 )     20.79       30.44     5,317       1.45       0.22       1.48       58  
C Shares
                                                                                                             
Year Ended March 31, 2010
    7.20       0.02       3.97       3.99       (0.04 )           (0.04 )     11.15       55.48     17,601       2.21       0.30       2.21       62  
Year Ended March 31, 2009
    10.65       0.09       (3.28 )     (3.19 )     (0.10 )     (0.16 )     (0.26 )     7.20       (30.14 )   11,091       1.89       0.94       1.89       71  
Year Ended March 31, 2008
    16.76       0.14       (1.57 )     (1.43 )     (0.14 )     (4.54 )     (4.68 )     10.65       (11.41 )   22,243       1.44       0.94       1.45       75  
Year Ended March 31, 2007
    20.39       0.05       1.20       1.25       (0.06 )     (4.82 )     (4.88 )     16.76       7.10     35,289       1.43       0.30       1.43       62  
Year Ended March 31, 2006
    19.45       0.06       5.26       5.32       (0.06 )     (4.32 )     (4.38 )     20.39       30.41     45,388       1.45       0.23       1.70       58  
U.S. Equity 130/30 Fund(4)(5)
I Shares
                                                                                                             
Year Ended March 31, 2010
    5.67       0.04       3.10       3.14       (0.07 )           (0.07 )     8.74       55.52     12,481       1.90       0.65       2.67       382  
Year Ended March 31, 2009
    8.75       0.05       (3.08 )     (3.03 )     (0.05 )           (0.05 )     5.67       (34.69 )   3,294       1.93       0.72       3.92       312  
Period Ended March 31, 2008
    10.00       0.01       (1.25 )     (1.24 )     (0.01 )           (0.01 )     8.75       (12.39 )   4,381       1.96       0.48       3.49       87  
 
See Notes to Financial Highlights and Notes to Financial Statements.


116


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                               
                                              Ratio of
       
                                          Ratio
  Net
       
            Net
                            of
  Investment
  Ratio of
   
            Realized
                            Net
  Income
  Expenses to
   
            and
          Distributions
      Net
        Expenses
  (Loss)
  Average Net
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
        to
  to
  Assets
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
    Net Assets,
  Average
  Average
  (Excluding
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
End of
  Net
  Net
  Waivers and
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1) Period (000)   Assets(2)   Assets(2)   Reimbursements)(2)   Rate(3)
Aggressive Growth Allocation Strategy(4)(6)
I Shares
                                                                                                             
Year Ended March 31, 2010
  $ 5.06     $ 0.10     $ 2.36     $ 2.46     $ (0.09 )   $     $ (0.09 )   $ 7.43       48.74 % $ 22,335       %     1.41 %     0.33 %     23 %
Year Ended March 31, 2009
    10.37       0.11       (3.68 )     (3.57 )     (0.13 )(d)     (1.61 )     (1.74 )(d)     5.06       (35.39 )   13,411       0.20       1.32       0.23       25  
Year Ended March 31, 2008
    13.00       0.14 (a)     (0.46 )     (0.32 )     (0.41 )     (1.90 )     (2.31 )     10.37       (4.59 )   28,514       0.19       1.04       0.20       46  
Year Ended March 31, 2007
    12.32       0.12 (a)     1.05       1.17       (0.25 )     (0.24 )     (0.49 )     13.00       9.60     53,098       0.18       0.94       0.18       52  
Year Ended March 31, 2006†
    11.07       0.07 (a)     1.45       1.52       (0.14 )     (0.13 )     (0.27 )     12.32       13.90     52,765       0.21       0.66       0.26       31  
A Shares
                                                                                                             
Year Ended March 31, 2010
    5.04       0.07       2.34       2.41       (0.07 )           (0.07 )     7.38       48.02     2,438             1.03       0.63       23  
Year Ended March 31, 2009
    10.33       0.09       (3.66 )     (3.57 )     (0.11 )(d)     (1.61 )     (1.72 )(d)     5.04       (35.50 )   1,815       0.50       1.07       0.53       25  
Year Ended March 31, 2008
    12.97       0.13 (a)     (0.49 )     (0.36 )     (0.38 )     (1.90 )     (2.28 )     10.33       (4.88 )   3,067       0.49       0.94       0.50       46  
Year Ended March 31, 2007
    12.29       0.08 (a)     1.05       1.13       (0.21 )     (0.24 )     (0.45 )     12.97       9.31     3,040       0.48       0.63       0.48       52  
Year Ended March 31, 2006†
    11.05       0.04 (a)     1.44       1.48       (0.11 )     (0.13 )     (0.24 )     12.29       13.50     2,619       0.52       0.42       0.62       31  
B Shares
                                                                                                             
Year Ended March 31, 2010
    4.94       0.04       2.30       2.34       (0.06 )           (0.06 )     7.22       47.48     2,430             0.59       1.08       23  
Year Ended March 31, 2009
    10.19       0.04       (3.61 )     (3.57 )     (0.07 )(d)     (1.61 )     (1.68 )(d)     4.94       (35.88 )   1,912       0.95       0.54       0.98       25  
Year Ended March 31, 2008
    12.84       0.06 (a)     (0.46 )     (0.40 )     (0.35 )     (1.90 )     (2.25 )     10.19       (5.25 )   4,472       0.94       0.41       0.95       46  
Year Ended March 31, 2007
    12.19       0.03 (a)     1.02       1.05       (0.16 )     (0.24 )     (0.40 )     12.84       8.71     5,575       0.93       0.18       0.93       52  
Year Ended March 31, 2006†
    10.98       (0.02 )(a)     1.45       1.43       (0.09 )     (0.13 )     (0.22 )     12.19       13.10     5,756       0.99       (0.14 )     1.10       31  
C Shares
                                                                                                             
Year Ended March 31, 2010
    5.00       0.03       2.32       2.35       (0.05 )           (0.05 )     7.30       47.14     1,554             0.37       1.33       23  
Year Ended March 31, 2009
    10.29       0.03       (3.65 )     (3.62 )     (0.06 )(d)     (1.61 )     (1.67 )(d)     5.00       (36.04 )   1,076       1.20       0.39       1.23       25  
Year Ended March 31, 2008
    12.98       0.04 (a)     (0.49 )     (0.45 )     (0.34 )     (1.90 )     (2.24 )     10.29       (5.56 )   1,767       1.19       0.27       1.21       46  
Year Ended March 31, 2007
    12.33       (a)     1.04       1.04       (0.15 )     (0.24 )     (0.39 )     12.98       8.54     1,573       1.18       (0.03 )     1.18       52  
Conservative Allocation Strategy(4)(6)
I Shares
                                                                                                             
Year Ended March 31, 2010
    9.81       0.27       1.72       1.99       (0.28 )     (0.01 )     (0.29 )     11.51       20.51 %   6,310       0.20 %     2.61 %     0.53 %     29 %
Year Ended March 31, 2009
    11.11       0.44       (1.10 )     (0.66 )     (0.50 )     (0.14 )     (0.64 )     9.81       (6.06 )   3,778       0.20       4.08       0.36       48  
Year Ended March 31, 2008
    11.37       0.44       (0.10 )     0.34       (0.44 )     (0.16 )     (0.60 )     11.11       3.02     5,177       0.18       3.98       0.30       47  
Year Ended March 31, 2007
    11.21       0.45 (a)     0.30       0.75       (0.48 )     (0.11 )     (0.59 )     11.37       6.91     3,362       0.20       4.00       0.32       43  
Year Ended March 31, 2006†
    11.09       0.34       0.20       0.54       (0.36 )     (0.06 )     (0.42 )     11.21       4.96     3,066       0.20       3.33       0.56       29  
A Shares
                                                                                                             
Year Ended March 31, 2010
    9.81       0.23       1.74       1.97       (0.26 )     (0.01 )     (0.27 )     11.51       20.25     3,137       0.50       2.27       0.89       29  
Year Ended March 31, 2009
    11.12       0.41       (1.11 )     (0.70 )     (0.47 )     (0.14 )     (0.61 )     9.81       (6.42 )   584       0.50       3.81       0.67       48  
Year Ended March 31, 2008
    11.38       0.44       (0.13 )     0.31       (0.41 )     (0.16 )     (0.57 )     11.12       2.75     663       0.49       3.63       0.61       47  
Year Ended March 31, 2007
    11.21       0.41 (a)     0.32       0.73       (0.45 )     (0.11 )     (0.56 )     11.38       6.64     811       0.50       3.61       0.62       43  
Year Ended March 31, 2006†
    11.09       0.30       0.20       0.50       (0.32 )     (0.06 )     (0.38 )     11.21       4.63     1,324       0.53       2.85       0.83       29  
B Shares
                                                                                                             
Year Ended March 31, 2010
    9.80       0.22       1.69       1.91       (0.20 )     (0.01 )     (0.21 )     11.50       19.67     2,266       0.95       1.91       1.24       29  
Year Ended March 31, 2009
    11.10       0.38       (1.12 )     (0.74 )     (0.42 )     (0.14 )     (0.56 )     9.80       (6.77 )   3,052       0.95       3.31       1.11       48  
Year Ended March 31, 2008
    11.38       0.38       (0.12 )     0.26       (0.38 )     (0.16 )     (0.54 )     11.10       2.23     4,903       0.93       3.20       1.06       47  
Year Ended March 31, 2007
    11.22       0.36 (a)     0.31       0.67       (0.40 )     (0.11 )     (0.51 )     11.38       6.12     4,653       0.95       3.23       1.07       43  
Year Ended March 31, 2006†
    11.09       0.25       0.21       0.46       (0.27 )     (0.06 )     (0.33 )     11.22       4.23     5,189       0.97       2.34       1.19       29  
C Shares
                                                                                                             
Year Ended March 31, 2010
    9.77       0.16       1.71       1.87       (0.19 )     (0.01 )     (0.20 )     11.44       19.29     4,294       1.20       1.61       1.52       29  
Year Ended March 31, 2009
    11.09       0.31       (1.08 )     (0.77 )     (0.41 )     (0.14 )     (0.55 )     9.77       (7.08 )   1,973       1.20       3.17       1.37       48  
Year Ended March 31, 2008
    11.37       0.34       (0.11 )     0.23       (0.35 )     (0.16 )     (0.51 )     11.09       2.03     840       1.18       2.94       1.31       47  
Year Ended March 31, 2007
    11.20       0.34 (a)     0.31       0.65       (0.37 )     (0.11 )     (0.48 )     11.37       5.91     792       1.20       2.99       1.32       43  
Period Ended March 31, 2006†
    11.08       0.26       0.20       0.46       (0.28 )     (0.06 )     (0.34 )     11.20       4.22     835       1.03       2.39       1.59       29  
 
See Notes to Financial Highlights and Notes to Financial Statements.


117


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                               
                                              Ratio of
       
                                          Ratio
  Net
       
            Net
                            of
  Investment
  Ratio of
   
            Realized
                            Net
  Income
  Expenses to
   
            and
          Distributions
      Net
        Expenses
  (Loss)
  Average Net
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
        to
  to
  Assets
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
    Net Assets,
  Average
  Average
  (Excluding
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
End of
  Net
  Net
  Waivers and
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1) Period (000)   Assets(2)   Assets(2)   Reimbursements)(2)   Rate(3)
Growth Allocation Strategy(4)(6)
I Shares
                                                                                                             
Year Ended March 31, 2010
  $ 7.02     $ 0.15     $ 2.50     $ 2.65     $ (0.15 )   $     $ (0.15 )   $ 9.52       37.92 % $ 54,407       0.19 %     1.70 %     0.24 %     21 %
Year Ended March 31, 2009
    11.31       0.23       (2.99 )     (2.76 )     (0.26 )     (1.27 )     (1.53 )     7.02       (25.01 )   40,472       0.20       2.41       0.21       28  
Year Ended March 31, 2008
    12.89       0.28       (0.44 )     (0.16 )     (0.45 )     (0.97 )     (1.42 )     11.31       (2.16 )   69,704       0.17       2.02       0.17       50  
Year Ended March 31, 2007
    12.43       0.25 (a)     0.82       1.07       (0.35 )     (0.26 )     (0.61 )     12.89       8.73     111,848       0.17       2.00       0.17       45  
Year Ended March 31, 2006†
    11.41       0.17 (a)     1.08       1.25       (0.23 )           (0.23 )     12.43       11.05     97,964       0.19       1.46       0.24       34  
A Shares
                                                                                                             
Year Ended March 31, 2010
    7.00       0.13       2.48       2.61       (0.13 )           (0.13 )     9.48       37.46     3,638       0.49       1.39       0.54       21  
Year Ended March 31, 2009
    11.28       0.20       (2.98 )     (2.78 )     (0.23 )     (1.27 )     (1.50 )     7.00       (25.21 )   2,776       0.49       2.07       0.50       28  
Year Ended March 31, 2008
    12.87       0.20       (0.40 )     (0.20 )     (0.42 )     (0.97 )     (1.39 )     11.28       (2.47 )   5,031       0.47       1.62       0.47       50  
Year Ended March 31, 2007
    12.41       0.21 (a)     0.82       1.03       (0.31 )     (0.26 )     (0.57 )     12.87       8.44     6,778       0.47       1.71       0.47       45  
Year Ended March 31, 2006†
    11.39       0.15 (a)     1.06       1.21       (0.19 )           (0.19 )     12.41       10.73     5,737       0.51       1.24       0.58       34  
B Shares
                                                                                                             
Year Ended March 31, 2010
    6.99       0.09       2.47       2.56       (0.10 )           (0.10 )     9.45       36.78     8,778       0.94       0.93       0.99       21  
Year Ended March 31, 2009
    11.27       0.16       (2.98 )     (2.82 )     (0.19 )     (1.27 )     (1.46 )     6.99       (25.56 )   7,656       0.94       1.62       0.95       28  
Year Ended March 31, 2008
    12.87       0.17       (0.43 )     (0.26 )     (0.37 )     (0.97 )     (1.34 )     11.27       (2.89 )   14,339       0.92       1.35       0.92       50  
Year Ended March 31, 2007
    12.41       0.16 (a)     0.82       0.98       (0.26 )     (0.26 )     (0.52 )     12.87       7.95     16,966       0.92       1.24       0.92       45  
Year Ended March 31, 2006†
    11.39       0.08 (a)     1.08       1.16       (0.14 )           (0.14 )     12.41       10.21     17,829       0.96       0.71       1.07       34  
C Shares
                                                                                                             
Year Ended March 31, 2010
    6.94       0.07       2.46       2.53       (0.09 )           (0.09 )     9.38       36.53     3,234       1.19       0.69       1.24       21  
Year Ended March 31, 2009
    11.22       0.14       (2.98 )     (2.84 )     (0.17 )     (1.27 )     (1.44 )     6.94       (25.88 )   2,844       1.19       1.37       1.20       28  
Year Ended March 31, 2008
    12.83       0.15       (0.44 )     (0.29 )     (0.35 )     (0.97 )     (1.32 )     11.22       (3.14 )   5,584       1.17       1.12       1.17       50  
Year Ended March 31, 2007
    12.39       0.13 (a)     0.80       0.93       (0.23 )     (0.26 )     (0.49 )     12.83       7.62     5,535       1.17       1.05       1.17       45  
Period Ended March 31, 2006†
    11.41       0.11 (a)     1.02       1.13       (0.15 )           (0.15 )     12.39       9.94     2,820       1.15       0.89       1.20       34  
Moderate Allocation Strategy(4)(6)
I Shares
                                                                                                             
Year Ended March 31, 2010
    7.76       0.20       2.09       2.29       (0.21 )           (0.21 )     9.84       29.66     125,016       0.19       2.22       0.21       21  
Year Ended March 31, 2009
    10.38       0.29       (2.07 )     (1.78 )     (0.34 )     (0.50 )     (0.84 )     7.76       (17.47 )   103,606       0.20       3.11       0.21       31  
Year Ended March 31, 2008
    10.88       0.31       (0.25 )     0.06       (0.39 )     (0.17 )     (0.56 )     10.38       0.30     147,784       0.17       2.87       0.17       40  
Year Ended March 31, 2007
    10.85       0.31 (a)     0.55       0.86       (0.37 )     (0.46 )     (0.83 )     10.88       8.02     193,107       0.16       2.80       0.16       49  
Year Ended March 31, 2006†
    10.49       0.24 (a)     0.64       0.88       (0.28 )     (0.24 )     (0.52 )     10.85       8.48     158,301       0.18       2.17       0.22       34  
A Shares
                                                                                                             
Year Ended March 31, 2010
    7.75       0.17       2.08       2.25       (0.18 )           (0.18 )     9.82       29.23     8,615       0.49       1.91       0.51       21  
Year Ended March 31, 2009
    10.37       0.25       (2.06 )     (1.81 )     (0.31 )     (0.50 )     (0.81 )     7.75       (17.72 )   5,845       0.50       2.81       0.51       31  
Year Ended March 31, 2008
    10.88       0.28       (0.25 )     0.03       (0.37 )     (0.17 )     (0.54 )     10.37       (0.02 )   8,632       0.47       2.59       0.48       40  
Year Ended March 31, 2007
    10.84       0.28 (a)     0.55       0.83       (0.33 )     (0.46 )     (0.79 )     10.88       7.77     11,069       0.46       2.53       0.46       49  
Year Ended March 31, 2006†
    10.48       0.20 (a)     0.64       0.84       (0.24 )     (0.24 )     (0.48 )     10.84       8.16     5,821       0.47       1.92       0.59       34  
B Shares
                                                                                                             
Year Ended March 31, 2010
    7.72       0.13       2.07       2.20       (0.14 )           (0.14 )     9.78       28.66     5,789       0.94       1.47       0.96       21  
Year Ended March 31, 2009
    10.34       0.22       (2.07 )     (1.85 )     (0.27 )     (0.50 )     (0.77 )     7.72       (18.14 )   6,024       0.95       2.31       0.95       31  
Year Ended March 31, 2008
    10.86       0.23       (0.25 )     (0.02 )     (0.33 )     (0.17 )     (0.50 )     10.34       (0.46 )   10,572       0.92       2.13       0.93       40  
Year Ended March 31, 2007
    10.82       0.22 (a)     0.56       0.78       (0.28 )     (0.46 )     (0.74 )     10.86       7.36     12,723       0.91       2.03       0.91       49  
Year Ended March 31, 2006†
    10.46       0.16 (a)     0.64       0.80       (0.20 )     (0.24 )     (0.44 )     10.82       7.60     14,073       0.92       1.41       1.06       34  
C Shares
                                                                                                             
Year Ended March 31, 2010
    7.72       0.11       2.07       2.18       (0.13 )           (0.13 )     9.77       28.31     15,431       1.19       1.21       1.21       21  
Year Ended March 31, 2009
    10.34       0.20       (2.07 )     (1.87 )     (0.25 )     (0.50 )     (0.75 )     7.72       (18.34 )   12,405       1.20       2.08       1.20       31  
Year Ended March 31, 2008
    10.86       0.20       (0.25 )     (0.05 )     (0.30 )     (0.17 )     (0.47 )     10.34       (0.66 )   20,419       1.17       1.87       1.17       40  
Year Ended March 31, 2007
    10.82       0.23 (a)     0.52       0.75       (0.25 )     (0.46 )     (0.71 )     10.86       7.01     24,424       1.19       2.12       1.19       49  
Period Ended March 31, 2006†
    10.49       0.15 (a)     0.62       0.77       (0.20 )     (0.24 )     (0.44 )     10.82       7.40     1,674       1.13       1.43       1.19       34  
 
See Notes to Financial Highlights and Notes to Financial Statements.


118


 

 
NOTES TO FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  March 31, 2010
 
(1)
Total return excludes sales charge. Not annualized for periods less than one year.
 
(2)
Annualized for periods less than one year.
 
(3)
Not annualized for periods less than one year.
 
(4)
The following table details the commencement of operations of certain classes of each respective fund.
 
         
Fund
  Class   Commencement Date
International Equity 130/30 Fund
  I Shares   December 26, 2007
International Equity 130/30 Fund
  A Shares   July 2, 2008
Real Estate 130/30 Fund
  I Shares   December 26, 2007
Real Estate 130/30 Fund
  A Shares   May 21, 2009
U.S. Equity 130/30 Fund
  I Shares   December 26, 2007
Aggressive Growth Allocation Strategy
  C Shares   April 1, 2005
Conservative Allocation Strategy
  C Shares   April 1, 2005
Growth Allocation Strategy
  C Shares   April 5, 2005
Moderate Allocation Strategy
  C Shares   April 5, 2005
 
(5)
The Ratio of Expenses to Average Net Assets and Ratio of Net Expenses to Average Net Assets include annualized dividend expense from securities sold short. Dividend expense for the fiscal periods listed below are as follows:
 
                         
    2010   2009   2008
 
International Equity 130/30 Fund — I Shares
    1.46 %     1.31 %     1.74 %
International Equity 130/30 Fund — A Shares
    2.02 %     1.31 %     N/A  
Real Estate 130/30 Fund — I Shares
    0.76 %     2.11 %     1.03 %
Real Estate 130/30 Fund — A Shares
    0.77 %     N/A       N/A  
U.S. Equity Fund 130/30 — I Shares
    0.60 %     0.70 %     0.66 %
 
(6)
The Allocation Strategies and their shareholders indirectly bear a pro rata share of the expenses of the underlying funds. The expense ratios do not include such expenses.
 
(a)
Per share data calculated using average shares outstanding method.
 
(b)
Ratio reflects the impact of the initial low level of average net assets associated with commencement of operations.
 
(c)
The total return shown is based on the ending net asset value calculated in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and differs from the total return shown based on the net asset value calculated for shareholder transactions.
 
(d)
The Large Cap Core Equity Fund, Large Cap Quantitative Equity Fund, Real Estate 130/30 Fund, Select Large Cap Growth Stock Fund, Small Cap Growth Stock Fund and Aggressive Growth Allocation Strategy include per share distributions from tax return of capital of $—, $—, $(0.04), $(0.01), $(0.11) and $—, respectively.
 
(e)
Amended from prior Financial Highlights that included a $(0.05) tax return of capital in the “Dividends from Net Investment Income” column, and was footnoted, as such, in the Notes to Financial Highlights. It was subsequently determined that there was not a return of capital and that the $(0.05) distribution was from realized capital gains and, therefore, the Distributions from Realized Capital Gains has been revised to $(2.27) per share from $(2.22) per share.
 
(f)
The Select Large Cap Growth Stock Fund includes per share distributions from tax return of capital of less than $0.005.
 
#
The International Equity Fund and International Equity Index Fund each had a voluntary reimbursement by the Investment Adviser and affiliates that had no effect on total returns for the period.
 
##
The Small Cap Growth Stock Fund’s total return includes the effect of an asset valuation adjustment as of March 31, 2006. Excluding this effect, total return would have been 27.08% and 26.21% for the A Shares and C Shares, respectively. There was no effect to the total return for I Shares.
 
Net Investment Income (Loss), Net Realized and Unrealized Gains (Losses) on Investments and the Ratio of Net Investment Income (Loss) to Average Net Assets have been adjusted due to the reclassification of short-term gains from Net Investment Income to Net Realized and Unrealized Gains (Losses) on Investments.
 
Amounts designated as “—” are $0 or have been rounded to $0.


119


 

 
NOTES TO FINANCIAL STATEMENTS
RIDGEWORTH FUNDS  March 31, 2010
 
1.  Organization
 
The RidgeWorth Funds (the “Trust”) is organized as a Massachusetts business trust under a Declaration of Trust dated January 15, 1992. The Trust is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company offering 50 funds as of March 31, 2010. The Trust is authorized to issue an unlimited number of shares without par value. The financial statements presented herein are those of the Aggressive Growth Stock Fund, Emerging Growth Stock Fund, International Equity 130/30 Fund, International Equity Fund, International Equity Index Fund, Large Cap Core Equity Fund, Large Cap Growth Stock Fund, Large Cap Quantitative Equity Fund, Large Cap Value Equity Fund, Mid-Cap Core Equity Fund, Mid-Cap Value Equity Fund, Real Estate 130/30 Fund, Select Large Cap Growth Stock Fund, Small Cap Growth Stock Fund, Small Cap Value Equity Fund, U.S. Equity 130/30 Fund, Aggressive Growth Allocation Strategy (formerly, Life Vision Aggressive Growth Fund), Conservative Allocation Strategy (formerly, Life Vision Conservative Fund), Growth Allocation Strategy (formerly, Life Vision Growth and Income Fund) and Moderate Allocation Strategy (formerly, Life Vision Moderate Growth Fund) (each a “Fund” and collectively the “Funds”). The financial statements of the remaining funds are presented separately. The Aggressive Growth Stock Fund, Emerging Growth Stock Fund, International Equity 130/30 Fund, International Equity Fund, International Equity Index Fund, Large Cap Quantitative Equity Fund, Real Estate 130/30 Fund and U.S. Equity 130/30 Fund offer I Shares and A Shares. The Large Cap Core Equity Fund, Large Cap Growth Stock Fund, Large Cap Value Equity Fund, Mid-Cap Core Equity Fund, Mid-Cap Value Equity Fund, Select Large Cap Growth Stock Fund, Small Cap Growth Stock Fund and Small Cap Value Equity Fund offer I Shares, A Shares and C Shares. The Aggressive Growth Allocation Strategy, Conservative Allocation Strategy, Growth Allocation Strategy and Moderate Allocation Strategy may offer I Shares, A Shares, B Shares and C Shares. The Funds’ prospectuses provide a description of each Fund’s investment objectives, policies and strategies.
 
Investors are not permitted to make new purchases of B Shares, except through dividend or distribution reinvestments in B Shares and exchanges of B Shares of a Fund for B Shares of another Fund.
 
Effective at the close of business on July 31, 2009, C Shares of the following Funds converted into A Shares and those Funds’ C Shares are no longer available for purchase.
 
                         
    Number of
  Number of
  Dollar Amount
Fund
  C Shares Converted   A Shares Issued   of Conversion($)
 
Aggressive Growth Stock Fund
    167,577       161,146       1,652,742  
Emerging Growth Stock Fund
    6,793       6,532       57,867  
International Equity 130/30 Fund
    398       396       2,430  
International Equity Fund
    384,208       358,989       3,306,072  
International Equity Index Fund
    218,157       212,008       2,518,514  
Large Cap Quantitative Equity Fund
    38,034       36,635       317,207  
Real Estate 130/30 Fund
    501       500       2,636  
 
The conversion of C Shares into A Shares was a non-taxable event. The amounts above are included as Cost of Shares Redeemed and Shares Redeemed for C Shares and Proceeds from Shares Issued and Shares Issued for A Shares on the Statements of Changes in Net Assets.
 
The assets of each Fund are segregated, and a shareholder’s interest is limited to the Fund in which shares are held. Each class of shares has identical rights and privileges, except with respect to the fees paid under the Distribution and Service Plans, voting rights on matters affecting a single class of shares and sales charges. The A Shares of the Funds (except Conservative Allocation Strategy) have a maximum sales charge on purchases of 5.75% as a percentage of original purchase price. Conservative Allocation Strategy A Shares have a maximum sales charge on purchases of 4.75% as a percentage of original purchase price. Certain purchases of A Shares will not be subject to a front-end sales charge but will be subject to a contingent deferred sales charge (CDSC) of 1.00% if redeemed within one year of purchase. The C Shares have a maximum CDSC of 1.00% as a percentage of the lesser of the original purchase price or the next calculated price after the Funds receive a redemption request, if shares are redeemed within one year of purchase. The B Shares will not be subject to a sales charge but will be subject to the maximum applicable CDSC, ranging from 5.00% to 2.00%, as a percentage of original purchase price if redeemed within five years of purchase.


120


 

 
NOTES TO FINANCIAL STATEMENTS  (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
Under the Trust’s organizational documents, its officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust. In addition, in the normal course of business, the Trust enters into contracts with its vendors and others that provide for general indemnifications. The Trust’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Trust. However, based on experience, the Trust expects that risk of loss to be remote.
 
2.  Significant Accounting Policies
 
The following is a summary of significant accounting policies followed by the Trust in the preparation of its financial statements. These policies are in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expense during the reporting period. The actual results could differ from these estimates.
 
Security Valuation — Securities and securities sold short listed on a securities exchange, market or automated quotation system for which quotations are readily available (except for securities traded on NASDAQ), including securities traded over the counter, are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded on valuation date (or at approximately 4:00 p.m. Eastern Time if a security’s primary exchange is normally open at that time) or, if there is no such reported sale on the valuation date, at the most recent quoted bid price for long positions and at the most recent quoted ask price for securities sold short. For securities traded on NASDAQ, the NASDAQ Official Closing Price is used. The prices for foreign securities are reported in local currency and converted to U.S. dollars at the exchange rate of such currencies against the U.S. dollar, as of the close of regular trading on the New York Stock Exchange (usually 4:00 p.m. Eastern Time), as provided by an independent pricing service approved by the Funds’ Board of Trustees (the “Board”). If a security price cannot be obtained from an independent, third-party pricing agent, the Funds’ accounting agent shall seek to obtain a bid price (long positions) or ask price (securities sold short) from at least one independent broker. Investments in other investment companies are valued at their respective net asset values.
 
Securities for which market prices are not “readily available” are valued in accordance with Pricing and Valuation Procedures established by the Board. The Funds’ Pricing and Valuation Procedures are performed and monitored by a Valuation Committee (the “Committee”) designated by the Board. Some of the more common reasons which may necessitate that a security be valued using Pricing and Valuation Procedures include, but are not limited to: the security’s trading has been halted or suspended; the security has been de-listed from a national exchange; the security’s primary trading market is temporarily closed at a time when under normal conditions it would be open; or the security’s primary pricing source is not able or willing to provide a price. When a security is valued in accordance with the Pricing and Valuation Procedures, the Committee determines the value after taking into consideration relevant information reasonably available to the Committee.
 
For securities that principally trade on a foreign market or exchange, a significant gap in time can exist between the time of a particular security’s last trade and the time at which a Fund calculates its net asset value. The closing prices of such securities may no longer reflect their market value at the time the Fund calculates net asset value if an event that could materially affect the value of those securities (a “Significant Event”) has occurred between the time of the security’s last close and the time that the Fund calculates net asset value. A Significant Event may relate to a single issuer or to an entire market sector. If the investment adviser or subadviser of a Fund becomes aware of a Significant Event that has occurred with respect to a security or group of securities after the closing of the exchange or market on which the security or securities principally trade, but before the time at which the Fund calculates net asset value, it shall immediately notify the Fund’s accounting agent and may preauthorize the Fund’s accounting agent to utilize a pricing service authorized by the Board (a “Fair Value Pricing Service”) that has been designated to determine a fair value. On a day when a Fair Value Pricing Service is so utilized pursuant to a preauthorization, the Committee need not meet. If the investment adviser or subadviser does not pre-authorize the Funds’ accounting agent to utilize a Fair Value Pricing Service, the investment adviser or subadviser will request that a Committee Meeting be called. In addition, the Funds’ accounting agent monitors price movements among certain selected indices,


121


 

 
NOTES TO FINANCIAL STATEMENTS  (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
securities and/or groups of securities that may be an indicator that the closing prices received earlier in the day from foreign exchanges or markets may not reflect market value at the time the Fund calculates net asset value. If price movements in a monitored index or security exceed levels established by the Fund (“Trigger Points”), the Fund may use a systematic valuation model provided by an independent third party to fair value its international equity securities.
 
The assets of Aggressive Growth Allocation Strategy, Conservative Allocation Strategy, Growth Allocation Strategy and Moderate Allocation Strategy (the “Allocation Strategies”) consist of investments in underlying investment companies (most of which are affiliated), which are valued at their respective daily net asset values. Recognition of net investment income by the Allocation Strategies is affected by the timing of the declaration of dividends by the underlying securities in which the Allocation Strategies invest. Also, in addition to the Allocation Strategies direct expenses, shareholders bear a proportionate share of the underlying funds’ expenses.
 
The Trust has a three-tier fair value hierarchy that is dependent upon the various “inputs” used to determine the value of the Funds’ investments. These inputs are summarized in the three broad levels listed below:
 
  •  Level 1 — quoted prices in active markets for identical assets.
 
  •  Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
 
  •  Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments).
 
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term securities (i.e. securities that mature in 60 days or less) are valued using amortized cost, in accordance with rules under the 1940 Act. Generally, amortized cost approximates the current fair value of a security, but since the valuation is not obtained from a quoted price in an active market, such securities are reflected as Level 2.
 
When determining the fair value of the Funds’ investments, additional consideration is given to those assets or liabilities that have experienced a decrease in the volume or level of activity or when market prices do not reflect orderly transactions.
 
The following is a summary of the inputs used to value the following Funds’ securities as of March 31, 2010 (amounts in thousands):
 
                                 
        Level 2 –
  Level 3 –
   
        Other Significant
  Significant
   
    Level 1 –
  Observable
  Unobservable
   
Fund
  Quoted Prices($)   Inputs($)   Inputs($)   Total($)
 
Aggressive Growth Stock Fund
                               
Common Stocks1
    110,071                   110,071  
Short-Term Investment
          2,182             2,182  
Money Market Fund
    1,418                   1,418  
                                 
Total Investments
    111,489       2,182             113,671  
                                 
Emerging Growth Stock Fund
                               
Common Stocks1
    19,876                   19,876  
Short-Term Investment
          194             194  
                                 
Total Investments
    19,876       194             20,070  
                                 
International Equity 130/30 Fund
                               
Foreign Common Stocks1
    157,209                   157,209  
Rights - Foreign1
          479             479  
Warrants - Foreign1
          10             10  
Short-Term Investment
          4,999             4,999  
                                 
Total Investments
    157,209       5,488             162,697  
                                 
Foreign Common Stocks Sold Short1
    (35,733 )                 (35,733 )
Other Financial Instruments2
          (1 )           (1 )


122


 

 
NOTES TO FINANCIAL STATEMENTS  (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
                                 
        Level 2 –
  Level 3 –
   
        Other Significant
  Significant
   
    Level 1 –
  Observable
  Unobservable
   
Fund
  Quoted Prices($)   Inputs($)   Inputs($)   Total($)
 
International Equity Fund
                               
Common Stock1
    562                   562  
Foreign Common Stocks1
    276,346                   276,346  
Preferred Stock1
    2,200                   2,200  
Short-Term Investments
          11,083             11,083  
                                 
Total Investments
    279,108       11,083             290,191  
                                 
International Equity Index Fund
                               
Foreign Common Stocks1
    826,625                   826,625  
Foreign Preferred Stocks1
    5,440                   5,440  
Rights - Foreign1
          15             15  
Warrants - Foreign1
          28             28  
Exchange Traded Funds
    9,334                   9,334  
Short-Term Investment
          47,361             47,361  
                                 
Total Investments
    841,399       47,404             888,803  
                                 
Large Cap Core Equity Fund
                               
Common Stocks1
    450,717                   450,717  
Money Market Fund
    11,939                   11,939  
                                 
Total Investments
    462,656                   462,656  
                                 
Large Cap Growth Stock Fund
                               
Common Stocks1
    503,793                   503,793  
Short-Term Investment
          12,479             12,479  
Money Market Fund
    2,117                   2,117  
                                 
Total Investments
    505,910       12,479             518,389  
                                 
Large Cap Quantitative Equity Fund
                               
Common Stocks1
    20,671                   20,671  
Money Market Fund
    127                   127  
                                 
Total Investments
    20,798                   20,798  
                                 
Large Cap Value Equity Fund
                               
Common Stocks1
    1,308,521                   1,308,521  
Short-Term Investment
          741             741  
Money Market Fund
    13,484                   13,484  
                                 
Total Investments
    1,322,005       741             1,322,746  
                                 
Mid-Cap Core Equity Fund
                               
Common Stocks1
    92,590                   92,590  
Short-Term Investment
          3,017             3,017  
Money Market Fund
    2,597                   2,597  
                                 
Total Investments
    95,187       3,017             98,204  
                                 
Mid-Cap Value Equity Fund
                               
Common Stocks1
    803,017                   803,017  
Money Market Fund
    41,072                   41,072  
                                 
Total Investments
    844,089                   844,089  
                                 
Real Estate 130/30 Fund
                               
Common Stocks1
    13,576                   13,576  
Short-Term Investment
          1,550             1,550  
                                 
Total Investments
    13,576       1,550             15,126  
                                 
Common Stocks Sold Short1
    (170 )                 (170 )

123


 

 
NOTES TO FINANCIAL STATEMENTS  (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
                                 
        Level 2 –
  Level 3 –
   
        Other Significant
  Significant
   
    Level 1 –
  Observable
  Unobservable
   
Fund
  Quoted Prices($)   Inputs($)   Inputs($)   Total($)
 
Select Large Cap Growth Stock Fund
                               
Common Stocks1
    129,448                   129,448  
Money Market Fund
    3,766                   3,766  
                                 
Total Investments
    133,214                   133,214  
                                 
Small Cap Growth Stock Fund
                               
Common Stocks1
    377,405                   377,405  
Warrant
                       
Short-Term Investment
          40,479             40,479  
Money Market Fund
    1,912                   1,912  
                                 
Total Investments
    379,317       40,479             419,796  
                                 
Small Cap Value Equity Fund
                               
Common Stocks1
    626,540                   626,540  
Short-Term Investment
          42,856             42,856  
Money Market Fund
    22,274                   22,274  
                                 
Total Investments
    648,814       42,856             691,670  
                                 
U.S. Equity 130/30 Fund
                               
Common Stocks1
    15,761                   15,761  
Short-Term Investment
          2,853             2,853  
                                 
Total Investments
    15,761       2,853             18,614  
                                 
Common Stocks Sold Short1
    (3,122 )                 (3,122 )
Aggressive Growth Allocation Strategy
                               
Equity Funds
    26,988                   26,988  
Exchange Traded Funds
    259                   259  
Money Market Fund
    1,467                   1,467  
                                 
Total Investments
    28,714                   28,714  
                                 
Conservative Allocation Strategy
                               
Equity Funds
    4,943                   4,943  
Fixed Income Funds
    9,613                   9,613  
Exchange Traded Funds
    376                   376  
Money Market Fund
    967                   967  
                                 
Total Investments
    15,899                   15,899  
                                 
Growth Allocation Strategy
                               
Equity Funds
    49,117                   49,117  
Fixed Income Funds
    16,238                   16,238  
Exchange Traded Funds
    1,113                   1,113  
Money Market Fund
    3,570                   3,570  
                                 
Total Investments
    70,038                   70,038  
                                 
Moderate Allocation Strategy
                               
Equity Funds
    80,280                   80,280  
Fixed Income Funds
    65,201                   65,201  
Exchange Traded Funds
    3,476                   3,476  
Money Market Fund
    5,938                   5,938  
                                 
Total Investments
    154,895                   154,895  
                                 
 
  1  Please see the Schedule of Portfolio Investments for Sector or Country Classification.
 
  2  Other Financial Instruments are derivative instruments not reflected in the value of Total Investments in the Schedules of Portfolio Investments, such as forward foreign currency contracts.
 
Amounts designated as “—” are $0 or have been rounded to $0.

124


 

 
NOTES TO FINANCIAL STATEMENTS  (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
 
For the fiscal year ended March 31, 2010, there were no Level 3 securities in the Funds.
 
Recent Accounting Pronouncements — In January 2010, Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2010-06 to Accounting Standards Codification (“ASC”) 820-10, “Fair Value Measurements and Disclosures — Overall”. The amendment requires the disclosure of input and valuation techniques used to measure fair value for both recurring and nonrecurring fair value measurements for Level 2 and Level 3 positions. In addition, transfers between all levels must be disclosed on a gross basis including the reasons for the transfers. Purchases, sales, issuances, and settlements in the Level 3 rollforward must be disclosed on a gross basis. The amendment is effective for interim and annual reporting periods beginning after December 15, 2009, while disclosures about purchases, sales, issuances, and settlements in the Level 3 rollforward of activity is effective for interim and fiscal periods beginning after December 15, 2010. Management is currently evaluating the impact this guidance will have, if any, on the Funds’ financial statements.
 
Security Transactions and Investment Income  — Security transactions are accounted for no later than one business day following trade date. Interest income is recognized on an accrual basis and includes amortization or accretion of premium or discount. Costs used in determining net realized gains and losses on the sales of investment securities are those of the specific securities sold, adjusted for the accretion or amortization of purchase discount or premium during the respective holding period. Dividend income is recorded on the ex-dividend date.
 
Derivative and Hedging Instruments — The Funds have enhanced their disclosures about the Funds’ derivative and hedging activities, addressing how such activities are accounted for and their effect on the Funds’ financial position, performance, and cash flow. The fair value of derivative instruments, not accounted for as hedging instruments, on the Statement of Assets and Liabilities as of March 31, 2010, is presented in the table below (amounts in thousands):
 
                         
    Statements of Assets
      Asset Derivatives
  Liability Derivatives
Primary Risk Exposure   and Liabilities Location   Fund   Total Fair Value($)*   Total Fair Value($)*
 
Forward Foreign
Currency Contracts —
Currency Exchange Rate Exposure
  Unrealized Appreciation/ Depreciation on Forward Foreign Currency Contracts  
International Equity
130/30 Fund
          1  
 
  Total Fair Value is presented by Primary Risk Exposure. For forward foreign currency contracts, such amounts represent the unrealized gain/appreciation (for asset derivatives) or loss/depreciation (for liability derivatives).
 
The effect of derivative instruments, not accounted for as hedging instruments, on the Statement of Operations for the year ended March 31, 2010, is presented in the table below (amounts in thousands):
 
                         
                Statement of Operations
            Statement of Operations
  Change in Unrealized
    Location of Gain/(Loss)
      Net Realized Gain (Loss)
  Appreciation/Depreciation
    on Derivatives
      on Derivatives
  on Derivatives Recognized
Primary Risk Exposure   Recognized in Income   Fund   Recognized in Income($)   in Income($)
 
Forward Foreign Currency Contracts — Currency Exchange Rate Exposure
  Net Realized Gain (Loss) from Forward Foreign Currency Contracts, Change in Unrealized Appreciation/ Depreciation on Forward Foreign Currency Contracts  
International Equity
130/30 Fund
    (79 )     (1 )
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
Foreign Currency Translation — The books and records of the Funds are maintained in U.S. dollars. Foreign currency amounts are translated into U.S. dollars on the following basis: (i) market value of investment securities, other assets and liabilities at the current rate of exchange; and (ii) purchases and sales of investment securities, income and expenses at the relevant rates of exchange prevailing on the respective dates of such transactions. The Funds do not isolate the portion of operations resulting from changes in foreign exchange rates on investments from fluctuations arising from changes in market prices of securities held. Such


125


 

 
NOTES TO FINANCIAL STATEMENTS  (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
fluctuations are included with the net realized and unrealized gain or loss from investments and foreign currency contracts.
 
Forward Foreign Currency Contracts — Certain of the Funds may enter into forward foreign currency contracts as hedges against either specific transactions, fund positions or anticipated fund positions. All commitments are “marked-to-market” daily at the applicable foreign exchange rate and any resulting unrealized gains or losses are recorded currently. The Funds realize gains and losses at the time forward contracts are extinguished. Unrealized gains or losses on outstanding positions in forward foreign currency contracts held at the close of the fiscal year are recognized as ordinary income or loss for Federal income tax purposes. The Funds could be exposed to risk if a counterparty is unable to meet the terms of a forward foreign currency contract or if the value of the foreign currency changes unfavorably. Forward foreign currency contracts are presented within the Fund’s Schedule of Portfolio Investments.
 
Real Estate Investment Trusts — Certain of the Funds may own shares of real estate investment trusts (“REITs”) which report information on the source of their distributions annually. Certain distributions received from REITs during the year are recorded as realized gains or return of capital when such information becomes known upon notification from issuers.
 
Securities Lending — Each Fund (except the Allocation Strategies) may lend portfolio securities to brokers, dealers and other financial organizations that meet capital and other credit requirements or other criteria established by the Board. These loans may not exceed either (i) 50% of the sum of the market value of all securities of the Fund and the market value of securities purchased with cash collateral or (ii) 33.33% of the total market value of all securities of the Fund. No Fund will lend portfolio securities to its investment adviser, subadviser, or its affiliates unless it has applied for and received specific authority to do so from the Securities and Exchange Commission. Loans of portfolio securities are required to be fully collateralized by cash, letters of credit or U.S. government securities. The initial value of the collateral must be at least 102% of the market value of the securities loaned, if the securities loaned are U.S. securities (105% for non-U.S. securities); and maintained in an amount equal to at least 102% (103% for non-U.S. securities) thereafter. However, due to market fluctuations during the day, the value of securities loaned on a particular day may exceed the value of collateral. On each business day, the amount of collateral is adjusted based on the prior day’s market fluctuations and the current day’s lending activity. Income from lending activity is determined by the amount of interest earned on collateral, less any amounts payable to the borrowers of the securities and the lending agent. Lending securities involves certain risks, including the risk that the Fund may be delayed or prevented from recovering the collateral if the borrower fails to return the securities. A fee will be obtained from the borrower if letters of credit or U.S. government securities are used as collateral.
 
Cash collateral received in connection with securities lending is invested in a joint account (RidgeWorth Funds Securities Lending Joint Account) managed by RidgeWorth Capital Management, Inc. The joint account invests in short-term investments that have a remaining maturity of 397 days or less as calculated in accordance with Rule 2a-7 under the 1940 Act. At March 31, 2010, the cash collateral received by the Funds was pooled and


126


 

 
NOTES TO FINANCIAL STATEMENTS  (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
invested in the following securities. Each of the Funds participating in securities lending at that date owned a pro-rata portion of the assets and liabilities listed below (in thousands, except Shares):
 
             
    Shares or
   
    Principal Amount ($)   Value ($)
 
Barclays Bank Time Deposit, 0.080%, 04/01/10(a)(b)
  13,001     13,001  
BNP Paribas Time Deposit, 0.100%, 04/01/10(a)(b)
  12,981     12,981  
Calyon Time Deposit, 0.100%, 04/01/10(a)(b)
  12,178     12,178  
Societe Generale Time Deposit, 0.010%, 04/01/10(a)(b)
  12,529     12,529  
Bank of America Repurchase Agreement, 0.010%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $25,000 (collateralized by U.S. Government Agency; 6.940%, due 07/17/15; total market value $25,510)
  25,000     25,000  
Wells Fargo Repurchase Agreement, 0.030%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $50,000 (collateralized by U.S. Government Agency; 5.375%, due 09/09/16; total market value $53,258)
  50,000     50,000  
Goldman Sachs Financial Square Funds — Government Fund
  65,000,000     65,000  
JPMorgan U.S. Government Money Market Fund
  66,030,622     66,031  
RidgeWorth Institutional U.S. Government Securities Money Market Fund(c)
  40,000,000     40,000  
             
Total Investments (Cost $296,720)
        296,720  
Amount due to Lending Agent
        (24 )
             
Net Investment Value
      $ 296,696  
             
 
  (a)  Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
  (b)  The date shown is the next interest rate reset date.
 
  (c)  Affiliated investment.
 
The following Funds paid securities lending fees during the year ended March 31, 2010, which have been netted against Income from Securities Lending on the Statement of Operations. These fees are presented below (in thousands):
 
         
Fund
  Fee ($)
 
Aggressive Growth Stock Fund
    5  
Emerging Growth Stock Fund
    8  
International Equity Fund
    40  
International Equity Index Fund
    303  
Large Cap Core Equity Fund
    5  
Large Cap Growth Stock Fund
    18  
Large Cap Value Equity Fund
    21  
Mid-Cap Core Equity Fund
    14  
Mid-Cap Value Equity Fund
    11  
Select Large Cap Growth Stock Fund
    2  
Small Cap Growth Stock Fund
    98  
Small Cap Value Equity Fund
    124  
 
Repurchase Agreements — The Funds may purchase instruments from financial institutions, such as banks and broker-dealers, subject to the seller’s agreement to repurchase them at an agreed upon date and price (“repurchase agreement”). A third party custodian bank takes possession of the underlying securities (“collateral”) of a repurchase agreement, the value of which exceeds the principal amount of the repurchase transaction, including accrued interest. In the event of default on the obligation to repurchase, each Fund has the right to liquidate the collateral and apply the proceeds in satisfaction of the obligation. In the event of default or bankruptcy by the counterparty to the repurchase agreement, realization and/or retention of the collateral or proceeds may be subject to legal proceedings.


127


 

 
NOTES TO FINANCIAL STATEMENTS  (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
Short Sales — The International Equity 130/30 Fund, Real Estate 130/30 Fund and U.S. Equity 130/30 Fund each engage in short sales (selling securities it does not own) as a part of its normal investment activities. Dividends declared on short positions existing on the record date are recorded on the ex-dividend date as an expense on the Statement of Operations. Liabilities for securities sold short are reported at market value in the financial statements. Fluctuations in the value of this liability are recorded as unrealized gains or losses on the Statement of Operations.
 
Short sale transactions result in off-balance sheet risk because the ultimate obligation may exceed the amount shown in the accompanying statement of assets and liabilities. A Fund will incur a loss if the price of the security increases between the date of the short sale and the date on which the Fund replaces the borrowed security. The Fund will realize a gain if the price of the security declines between those dates. Short selling involves the risk of potentially unlimited increase in the market value of the security sold short, which could result in potentially unlimited loss for the Fund.
 
Compensating Balances — Prior to October 1, 2009, if a Fund had a cash overdraft in excess of $100,000 it was required to deposit an amount equal to 110% of the overdraft in a compensating balance account with its custodian, SunTrust Bank, a wholly owned subsidiary of SunTrust Banks, Inc. (“Sun Trust”), on the following business day. If a Fund had a positive cash balance in excess of $100,000 it was allowed to overdraw an amount equal to 90% of the balance from SunTrust Bank on the following business day. All such deposits to, and overdrafts from, the compensating balance account were non-interest bearing and were for a duration of one business day. Effective October 1, 2009, the compensating balance arrangement was terminated. The International Equity 130/30 Fund, International Equity Fund, International Equity Index Fund, Real Estate 130/30 Fund and U.S. Equity 130/30 Fund have never had a compensating balance arrangement with their custodian, Brown Brothers Harriman & Co.
 
Expenses — Expenses that are directly related to a specific Fund are charged to that Fund. Class specific expenses, such as distribution fees, if any, are borne by that class. Other operating expenses of the Trust are prorated to the Funds on the basis of relative net assets or another appropriate basis.
 
Classes — Income, non-class specific expenses and realized/unrealized gains and losses are allocated to the respective classes within a Fund on the basis of the relative daily net assets.
 
Dividends and Distributions to Shareholders — Dividends and distributions to shareholders are recorded on the ex-dividend date. Dividends from net investment income if any, are declared and paid each calendar quarter by the Funds, except for the International Equity 130/30 Fund, International Equity Fund, and the International Equity Index Fund, which distribute income annually. Any net realized capital gains on sales of securities are distributed to shareholders at least annually. However, to the extent that net realized capital gains can be offset by capital loss carryovers, such gains will not be distributed.
 
Federal Income Taxes — It is the policy of each Fund to continue to qualify as a regulated investment company by complying with the provisions available to certain investment companies, as defined in applicable sections of the Internal Revenue Code and to make distributions from net investment income and from net realized gains sufficient to relieve it from all, or substantially all, federal income taxes. Withholding taxes on foreign dividends have been paid or provided for in accordance with each applicable country’s tax rules and rates.
 
Uncertain tax positions must be recognized, measured, presented and disclosed in the financial statements. An affirmative evaluation of tax positions taken or expected to be taken in the course of preparing the Funds’ tax returns has occurred to determine whether it is more likely than not (i.e., greater than 50-percent) that each tax position will be sustained upon examination by a taxing authority based on the technical merits of the position. A tax position that meets the more likely than not recognition threshold is measured to determine the amount of benefit to recognize in the financial statements. Differences between tax positions taken in a tax return and amounts recognized in the financial statements will generally result in an increase in a liability for taxes payable (or a reduction of a tax refund receivable), including the recognition of any related interest and penalties as an operating expense. The determination has been made that there are no uncertain tax positions that would require the Funds to record a tax liability and therefore there is no impact to the Funds’ financial statements.


128


 

 
NOTES TO FINANCIAL STATEMENTS  (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
The amounts of dividends from net investment income and of distributions from net realized gains are determined in accordance with federal income tax regulations, which may differ from GAAP. These “book/tax” differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature (i.e., foreign currency transactions and return of capital on securities), such amounts are reclassified within the composition of net assets based on their federal tax-basis treatment; temporary differences do not require reclassification.
 
Management of the Funds has analyzed all open tax years, as defined by the statute of limitations, for all major jurisdictions. Open tax years are those that are open for examination by taxing authorities. Major jurisdictions for the Funds include United States and certain states, as applicable, as well as certain foreign countries. As of March 31, 2010, open tax years include the tax years of March 31, 2007 through 2010. The funds have no examinations in progress and none are expected at this time.
 
3.  Agreements and Other Transactions with Affiliates
 
Investment Advisory Agreement — The Trust and RidgeWorth Capital Management, Inc. (the “Investment Adviser”), a wholly-owned subsidiary of SunTrust, have entered into an investment advisory agreement. The subadvisers for the Funds (each a “Subadviser”) are as follows: Alpha Equity Management LLC serves as the Subadviser for the International Equity 130/30 Fund, Real Estate 130/30 Fund and U.S. Equity 130/30 Fund. Ceredex Value Advisors LLC serves as the Subadviser for the Large Cap Value Equity Fund, Mid-Cap Value Equity Fund and Small Cap Value Equity Fund. Certium Asset Management LLC serves as the Subadviser for the International Equity Fund, International Equity Index Fund and Large Cap Quantitative Equity Fund. IronOak Advisors LLC serves as the Subadviser for the Large Cap Core Equity Fund and Mid-Cap Core Equity Fund. Silvant Capital Management LLC serves as the Subadviser for the Large Cap Growth Stock Fund, Select Large Cap Growth Stock Fund and Small Cap Growth Stock Fund. Zevenbergen Capital Investments LLC serves as the Subadviser for the Aggressive Growth Stock Fund and Emerging Growth Stock Fund. Alpha Equity Management LLC and Zevenbergen Capital Management LLC are each minority-owned subsidiaries of the Investment Adviser. Each of the other Subadvisers are wholly-owned subsidiaries of the Investment Adviser.


129


 

 
NOTES TO FINANCIAL STATEMENTS  (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
Under the terms of the agreement, the Funds are charged annual advisory fees, which are computed daily and paid monthly based upon average daily net assets. Breakpoints are used in computing the overall annual advisory fee. The maximum annual advisory fee is charged on average daily net assets of each Fund up to $500 million. A discount of 5% applies on the next $500 million, and a discount of 10% applies on amounts over $1 billion. Fee rates for the year ended March 31, 2010, were as follows:
 
                                 
    Maximum
  Discounted
      Net
    Annual
  Annual
  Advisory Fees
  Annual
    Advisory
  Advisory
  Waived/Expenses
  Fees
Fund
  Fee(%)*   Fee(%)*   Reimbursed(%)*   Paid(%)*
 
Aggressive Growth Stock Fund
    1.10       1.10             1.10  
Emerging Growth Stock Fund
    1.10       1.10       (0.03 )     1.07  
International Equity 130/30 Fund
    1.25       1.25             1.25  
International Equity Fund
    1.15       1.15       (0.05 )     1.10  
International Equity Index Fund
    0.50       0.49             0.49  
Large Cap Core Equity Fund
    0.85       0.85       (0.01 )     0.84  
Large Cap Growth Stock Fund
    0.97       0.97       (0.04 )     0.93  
Large Cap Quantitative Equity Fund
    0.85       0.85       (0.10 )     0.75  
Large Cap Value Equity Fund
    0.80       0.77             0.77  
Mid-Cap Core Equity Fund
    1.00       1.00             1.00  
Mid-Cap Value Equity Fund
    1.00       1.00             1.00  
Real Estate 130/30 Fund
    1.25       1.25       (0.60 )     0.65  
Select Large Cap Growth Stock Fund
    0.85       0.85             0.85  
Small Cap Growth Stock Fund
    1.15       1.15             1.15  
Small Cap Value Equity Fund
    1.15       1.15             1.15  
U.S. Equity 130/30 Fund
    1.10       1.10       (0.76 )     0.34  
Aggressive Growth Allocation Strategy
    0.10       0.10       (0.12 )      
Conservative Allocation Strategy
    0.10       0.10       (0.31 )      
Growth Allocation Strategy
    0.10       0.10       (0.04 )     0.06  
Moderate Allocation Strategy
    0.10       0.10       (0.01 )     0.09  
 
  Aggregate annual fees paid to the Investment Adviser, who pays the applicable Subadviser a portion of the fees for its services to the Funds.
 
Amounts designated as “—” are 0% or have been rounded to 0%.


130


 

 
NOTES TO FINANCIAL STATEMENTS  (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
The Investment Adviser and the applicable Subadviser have contractually agreed, until at least August 1, 2010, to waive fees and/or reimburse each of the following Funds to the extent necessary to maintain each Fund’s Total Annual Operating Expenses (excluding taxes, brokerage commissions, substitute dividend expenses on securities sold short, extraordinary expenses and indirect expenses attributable to the Fund’s investment in other funds), expressed as a percentage of average daily net assets, as noted below:
 
             
        Total Annual
        Operating
Fund
      Expenses(%)
 
International Equity 130/30 Fund
  I Shares     1.55  
International Equity 130/30 Fund
  A Shares     1.85  
Real Estate 130/30 Fund
  I Shares     1.45  
Real Estate 130/30 Fund
  A Shares     1.75  
U.S. Equity 130/30 Fund
  I Shares     1.30  
Aggressive Growth Allocation Strategy
  I Shares     0.20  
Aggressive Growth Allocation Strategy
  A Shares     0.50  
Aggressive Growth Allocation Strategy
  B Shares     0.95  
Aggressive Growth Allocation Strategy
  C Shares     1.20  
Conservative Allocation Strategy
  I Shares     0.20  
Conservative Allocation Strategy
  A Shares     0.50  
Conservative Allocation Strategy
  B Shares     0.95  
Conservative Allocation Strategy
  C Shares     1.20  
Growth Allocation Strategy
  I Shares     0.20  
Growth Allocation Strategy
  A Shares     0.50  
Growth Allocation Strategy
  B Shares     0.95  
Growth Allocation Strategy
  C Shares     1.20  
Moderate Allocation Strategy
  I Shares     0.20  
Moderate Allocation Strategy
  A Shares     0.50  
Moderate Allocation Strategy
  B Shares     0.95  
Moderate Allocation Strategy
  C Shares     1.20  
 
Under the Expense Limitation Agreements, the Investment Adviser may retain the difference between the Total Annual Operating Expenses identified above and the actual total expenses to recapture any of its prior contractual waivers or reimbursements at a date not to exceed three years from the date of the corresponding Expense Limitation Agreement. Such repayments shall be made monthly, but only to the extent that such repayments would not cause the annualized total expense ratio to exceed the Total Annual Operating Expenses in place at that time. During the year ended March 31, 2010, the Investment Adviser did not recapture any of its prior contractual waivers or reimbursements. The Investment Adviser does not intend to recapture such amounts. As of March 31, 2010, the cumulative potential recoupment based on contractual reimbursements within three years from the date of the corresponding Expense Limitation Agreement after reduced by amounts forfeited during the current fiscal year are as follows (in thousands):
 
                         
    Expires
Fund
  2011($)   2012($)   2013($)
 
Real Estate 130/30 Fund
    11       60       52  
U.S. Equity 130/30 Fund
    19       72       53  
Aggressive Growth Allocation Strategy
          1       28  
Conservative Allocation Strategy
    8       12       39  
Growth Allocation Strategy
          4       21  
Moderate Allocation Strategy
                3  
 
Amounts designated as “—” are $0 or have been rounded to $0.


131


 

 
NOTES TO FINANCIAL STATEMENTS  (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
During the year ended March 31, 2010, the Investment Adviser also voluntarily waived fees in certain Funds in order to maintain a more competitive expense ratio for shareholders. These voluntary waivers are not available to be recouped by the Investment Adviser in subsequent years.
 
Administration, Fund Accounting and Transfer Agency Agreement — The Trust has entered into a Master Services Agreement with Citi Fund Services Ohio, Inc. (the “Administrator”), under which the Administrator provides administrative, fund accounting, transfer agent and shareholder services for an annual fee, calculated and paid monthly, (expressed as a percentage of the combined average daily net assets of the Trust) of: 0.0275% up to $25 billion, 0.0225% on the next $5 billion and 0.0175% for over $30 billion plus an additional class fee of $2,977 per class annually, applicable to each additional class of shares over 145 classes of shares.
 
The Master Services Agreement provides for the Administrator to pay certain insurance premiums for the Trust, including $300,000 toward the premium for Directors and Officers Liability/Errors and Omissions insurance coverage, and $25,000 towards the premium for Fidelity Bond coverage. The Administrator has also separately agreed to provide, for the benefit of shareholders, annual fee waivers and certain administrative services at an annual value of $950,000 (and additional fee waivers of $166,670 of its annual administrative fees through June 30, 2009). Such payments and fee waivers will not be recouped by the Administrator in subsequent years.
 
Distribution Agreement — The Trust and RidgeWorth Distributors LLC (the “Distributor”) are parties to a Distribution Agreement. The Distributor receives $3,500 per Fund per annum, subject to a minimum annual fee of $172,000 for its services.
 
In addition, with respect to the A Shares, B Shares and C Shares, the Distributor receives amounts, pursuant to a Distribution and Services Plan, based upon average daily net assets of each respective class, which are computed daily and paid monthly. Certain fees under this plan were voluntarily waived during the year ended March 31, 2010. Recoupment of such voluntarily waived fees will be made only upon certain conditions agreed upon by the Board. These fees, expressed as a percentage of average daily net assets, for the year ended March 31, 2010, were as follows:
 
                         
    Board
  Board
  Board
    Approved
  Approved
  Approved
    and Charged
  and Charged
  and Charged
    A Share
  B Share
  C Share
    Distribution
  Distribution
  Distribution
    and Service
  and Service
  and Service
Fund
  Fee(%)   Fee(%)   Fee(%)
 
Aggressive Growth Stock Fund*
    0.30       N/A       N/A  
Emerging Growth Stock Fund*
    0.30       N/A       N/A  
International Equity 130/30 Fund*
    0.30       N/A       N/A  
International Equity Fund*
    0.30       N/A       N/A  
International Equity Index Fund*
    0.30       N/A       N/A  
Large Cap Core Equity Fund
    0.25       N/A       1.00  
Large Cap Growth Stock Fund
    0.30       N/A       1.00  
Large Cap Quantitative Equity Fund*
    0.25       N/A       N/A  
Large Cap Value Equity Fund
    0.30       N/A       1.00  
Mid-Cap Core Equity Fund
    0.30       N/A       1.00  
Mid-Cap Value Equity Fund
    0.30       N/A       1.00  
Real Estate 130/30 Fund*
    0.30       N/A       N/A  
Select Large Cap Growth Stock Fund
    0.30       N/A       1.00  
Small Cap Growth Stock Fund
    0.30       N/A       1.00  
Small Cap Value Equity Fund
    0.30       N/A       1.00  
U.S. Equity 130/30 Fund*
    0.30       N/A       N/A  
Aggressive Growth Allocation Strategy
    0.30       0.75       1.00  
Conservative Allocation Strategy
    0.30       0.75       1.00  
Growth Allocation Strategy
    0.30       0.75       1.00  
Moderate Allocation Strategy
    0.30       0.75       1.00  
 
  Prior to the conversion of C Shares to A Shares on July 31, 2009, the C Share Distribution and Service Fee was 1.00% of average daily net assets.
 
Shareholder Servicing Plan — The International Equity Index Fund has adopted a Shareholder Servicing Plan for the I Shares and A Shares. The Fund pays financial institutions for shareholder support services they provide,


132


 

 
NOTES TO FINANCIAL STATEMENTS  (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
at a rate of up to 0.15% of the average daily net assets of the Fund’s I Shares or A Shares, as applicable. The services may include, among others, providing general shareholder liaison services (including responding to shareholder inquiries), providing information on shareholder investments, and establishing and maintaining shareholder accounts and records.
 
Custodian Agreements — SunTrust Bank acts as custodian for the Funds, except for the International Equity 130/30 Fund, International Equity Fund, International Equity Index Fund, Real Estate 130/30 Fund and U.S. Equity 130/30 Fund, which have appointed Brown Brothers Harriman & Co. as custodian. The Funds pay custody fees on the basis of their respective net assets and transaction costs.
 
Other — Certain officers of the Trust are also employees of the Investment Adviser and/or the Administrator. Such officers receive no fees from the Trust for serving as officers of the Trust. Each of the trustees receives an annual retainer and an additional fee for each meeting attended plus reimbursement for certain expenses incurred. Trustees receive an additional fee for attendance at committee meetings. Prior to November 20, 2009, the annual retainer was $93,750 for the Chairman and $75,000 for the other Trustees. The current retainer and meeting fees are as follows:
 
                 
    Chairman($)   Trustee($)
 
Annual Retainer
    100,000       80,000  
Regular Meeting Fee
    7,500       6,000  
Special Meeting Fee
    4,375       3,500  
Committee Meeting Fee
    4,500       3,000  
 
The Investment Adviser provides services to the Trust to ensure compliance with applicable laws and regulations. The Investment Adviser has designated a dedicated compliance staff and an employee to serve as Chief Compliance Officer. The Investment Adviser receives an annual fee totaling $1,080,000 for these services. Prior to July 1, 2009, the fee was $775,000. During the year ended March 31, 2010, the Investment Adviser was paid $1,003,750 for these services. In addition, the Administrator provides staff to assist the Chief Compliance Officer for the Trust, including providing certain related services, and receives an annual fee of $171,485 for providing these services. The fees above are allocated based on average daily net assets of the Trust and are reflected on the Statements of Operations as “Compliance Services Fees”.
 
The Trust has entered into an agreement with SunTrust Robinson Humphrey, Inc., which is a registered broker-dealer and a direct non-bank subsidiary of SunTrust, to act as an agent in placing repurchase agreements for the Trust. For the year ended March 31,2010, SunTrust Robinson Humphrey, Inc. did not receive any payments from the Funds.


133


 

 
NOTES TO FINANCIAL STATEMENTS  (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
4.  Investment Transactions
 
The cost of security purchases and the proceeds from sales and maturities of securities, excluding securities maturing less than one year from acquisition and U.S. government securities, for the year ended March 31, 2010, were as follows (in thousands):
                 
        Sales and
Fund
  Purchases($)   Maturities($)
 
Aggressive Growth Stock Fund
    30,455       137,443  
Emerging Growth Stock Fund
    46,601       128,418  
International Equity 130/30 Fund
    845,526       834,939  
International Equity Fund
    228,712       246,366  
International Equity Index Fund
    324,431       536,457  
Large Cap Core Equity Fund
    361,675       463,681  
Large Cap Growth Stock Fund
    323,472       492,192  
Large Cap Quantitative Equity Fund
    164,060       208,447  
Large Cap Value Equity Fund
    1,272,470       1,408,216  
Mid-Cap Core Equity Fund
    81,443       110,261  
Mid-Cap Value Equity Fund
    1,327,914       1,012,795  
Real Estate 130/30 Fund
    71,641       69,077  
Select Large Cap Growth Stock Fund
    79,139       97,172  
Small Cap Growth Stock Fund
    351,147       406,074  
Small Cap Value Equity Fund
    391,866       288,375  
U.S. Equity 130/30 Fund
    43,508       35,139  
Aggressive Growth Allocation Strategy
    6,077       5,368  
Conservative Allocation Strategy
    7,702       3,460  
Growth Allocation Strategy
    13,003       18,291  
Moderate Allocation Strategy
    30,230       40,317  


134


 

 
NOTES TO FINANCIAL STATEMENTS  (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
5.  Federal Tax Information
 
At March 31, 2010, the total cost of securities and the net realized gains or losses on securities sold for Federal income tax purposes were different from amounts reported for financial reporting purposes. These differences were generally due to losses on wash sales, which cannot be used for Federal income tax purposes in the current year and have been deferred for use in future years. The Federal tax cost and aggregate gross unrealized appreciation and depreciation for securities held by the Funds at March 31, 2010, were as follows (in thousands):
 
                                 
                Net Tax Unrealized
        Tax Unrealized
  Tax Unrealized
  Appreciation/
Fund
  Tax Cost($)   Appreciaton($)   (Depreciation)($)   (Depreciation)($)
 
Aggressive Growth Stock Fund
    72,193       43,682       (2,204 )     41,478  
Emerging Growth Stock Fund
    13,024       7,216       (170 )     7,046  
International Equity 130/30 Fund
    126,032       5,244       (4,312 )     932  
International Equity Fund
    250,725       62,205       (22,739 )     39,466  
International Equity Index Fund
    683,720       260,762       (55,679 )     205,083  
Large Cap Core Equity Fund
    369,877       103,942       (11,163 )     92,779  
Large Cap Growth Stock Fund
    395,158       133,352       (10,121 )     123,231  
Large Cap Quantitative Equity Fund
    19,084       1,923       (209 )     1,714  
Large Cap Value Equity Fund
    1,097,363       239,533       (14,150 )     225,383  
Mid-Cap Core Equity Fund
    81,964       18,616       (2,376 )     16,240  
Mid-Cap Value Equity Fund
    738,097       111,110       (5,118 )     105,992  
Real Estate 130/30 Fund
    13,268       2,311       (623 )     1,688  
Select Large Cap Growth Stock Fund
    103,076       30,622       (484 )     30,138  
Small Cap Growth Stock Fund
    326,871       103,697       (10,772 )     92,925  
Small Cap Value Equity Fund
    612,035       98,014       (18,379 )     79,635  
U.S. Equity 130/30 Fund
    14,858       1,235       (601 )     634  
Aggressive Growth Allocation Strategy
    27,979       2,193       (1,458 )     735  
Conservative Allocation Strategy
    15,177       1,181       (459 )     722  
Growth Allocation Strategy
    65,775       6,257       (1,994 )     4,263  
Moderate Allocation Strategy
    146,852       11,723       (3,680 )     8,043  
 
Amounts designated as “—” are $0 or have been rounded to $0.
 


135


 

 
NOTES TO FINANCIAL STATEMENTS  (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
The tax character of distributions paid to shareholders during the year ended March 31, 2010, was as follows (in thousands):
 
                                     
    Distributions Paid From            
        Net Long
      Total
   
    Ordinary
  Term Capital
  Return of
  Distributions
   
Fund
  Income($)   Gains($)   Capital($)   Paid($)*    
 
International Equity 130/30 Fund
  1,935                 1,935          
International Equity Fund
  1,609                 1,609          
International Equity Index Fund
  27,429                 27,429          
Large Cap Core Equity Fund
  4,844                 4,844          
Large Cap Growth Stock Fund
  807                 807          
Large Cap Quantitative Equity Fund
  472                 472          
Large Cap Value Equity Fund
  21,138                 21,138          
Mid-Cap Core Equity Fund
  538                 538          
Mid-Cap Value Equity Fund
  7,088                 7,088          
Real Estate 130/30 Fund
  272                 272          
Select Large Cap Growth Stock Fund
  100           3       103          
Small Cap Value Equity Fund
  6,223                 6,223          
U.S. Equity 130/30 Fund
  70                 70          
Aggressive Growth Allocation Strategy
  307                 307          
Conservative Allocation Strategy
  292     2             294          
Growth Allocation Strategy
  1,028                 1,028          
Moderate Allocation Strategy
  3,142                 3,142          
 
Total distributions paid may differ from the Statement of Changes in Net Assets because for tax purposes dividends are recognized when actually paid.
 
Amounts designated as “—” are $0 or have been rounded to $0.

136


 

 
NOTES TO FINANCIAL STATEMENTS  (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
The tax character of distributions paid to shareholders during the period ended March 31, 2009, was as follows (in thousands):
 
                                     
    Distributions Paid From            
        Net Long
      Total
   
    Ordinary
  Term Capital
  Return of
  Distributions
   
Fund
  Income($)   Gains($)   Capital($)   Paid($)*    
 
Aggressive Growth Stock Fund
      4,919             4,919          
Emerging Growth Stock Fund
  1,204     1,818             3,022          
International Equity 130/30 Fund
  350                 350          
International Equity Fund
  16,663     14,300             30,963          
International Equity Index Fund
  28,912                 28,912          
Large Cap Core Equity Fund
  11,566                 11,566          
Large Cap Growth Stock Fund
  2,520     3,451             5,971          
Large Cap Quantitative Equity Fund
  833                 833          
Large Cap Value Equity Fund
  27,836                 27,836          
Mid-Cap Core Equity Fund
  1,150     5,818             6,968          
Mid-Cap Value Equity Fund
  4,367                 4,367          
Real Estate 130/30 Fund
  140     27       23       190          
Select Large Cap Growth Stock Fund
  278           29       307          
Small Cap Value Equity Fund
  6,655     6,682             13,337          
U.S. Equity 130/30 Fund
  26                 26          
Aggressive Growth Allocation Strategy
  455     4,381       2       4,838          
Conservative Allocation Strategy
  440     119             559          
Growth Allocation Strategy
  1,937     8,834             10,771          
Moderate Allocation Strategy
  5,922     7,089             13,011          
 
Total distributions paid may differ from the Statement of Changes in Net Assets because for tax purposes dividends are recognized when actually paid.
 
Amounts designated as “—” are $0 or have been rounded to $0.


137


 

 
NOTES TO FINANCIAL STATEMENTS  (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
As of March 31, 2010, the components of accumulated earnings (deficit) on a tax basis were as follows (in thousands):
 
                                                 
                        Total
    Undistributed       Accumulated
  Unrealized
  Accumulated
    Ordinary
  Long Term
  Accumulated
  Capital and
  Appreciation/
  Earnings
Fund
  Income($)   Capital Gains($)   Earnings($)   Other Losses($)   (Depreciation)($)*   (Deficit)($)
 
Aggressive Growth Stock Fund
                      (49,592 )     41,478       (8,114 )
Emerging Growth Stock Fund
                      (27,087 )     7,046       (20,041 )
International Equity 130/30 Fund
    187             187       (26,288 )     952       (25,149 )
International Equity Fund
    3,518             3,518       (321,195 )     39,466       (278,211 )
International Equity Index Fund
    3,093             3,093       (96,107 )     205,075       112,061  
Large Cap Core Equity Fund
                      (262,299 )     92,779       (169,520 )
Large Cap Growth Stock Fund
    22             22       (52,239 )     123,231       71,014  
Large Cap Quantitative Equity Fund
                      (34,174 )     1,714       (32,460 )
Large Cap Value Equity Fund
                      (287,004 )     225,383       (61,621 )
Mid-Cap Core Equity Fund
                      (20,691 )     16,240       (4,451 )
Mid-Cap Value Equity Fund
    10,574             10,574             105,992       116,566  
Real Estate 130/30 Fund
    650       52       702       (1,071 )     1,688       1,319  
Select Large Cap Growth Stock Fund
                      (25,026 )     30,138       5,112  
Small Cap Growth Stock Fund
                      (113,393 )     92,925       (20,468 )
Small Cap Value Equity Fund
    172             172       (59,604 )     79,635       20,203  
U.S. Equity 130/30 Fund
    110             110       (320 )     634       424  
Aggressive Growth Allocation Strategy
                      (1,042 )     735       (307 )
Conservative Allocation Strategy
    51             51       (47 )     722       724  
Growth Allocation Strategy
    61             61       (3,685 )     4,263       639  
Moderate Allocation Strategy
    398             398       (4,694 )     8,043       3,747  
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
**  As of the latest tax year end of March 31, 2010, the following Funds had net capital loss carryovers to offset future net capital gains, if any, to the extent provided by the Treasury regulations (in thousands). To the extent that these carryovers are used to offset future gains, it is probable that the gains so offset will not be distributed to shareholders:
 
As of March 31, 2010, unexpired capital loss carryforwards were as follows (in thousands):
 
                                         
    Expires
Fund
  2011($)   2012($)   2013($)   2017($)   2018($)
 
Aggressive Growth Stock Fund
                      15,692       33,900  
Emerging Growth Stock Fund
                      6,205       20,882  
International Equity 130/30 Fund
                      19,845       4,710  
International Equity Fund
                      89,645       231,346  
International Equity Index Fund
    6,883       9,214       3,137       28,998       47,187  
Large Cap Core Equity Fund
                      126,964       135,335  
Large Cap Growth Stock Fund
                      44,253       7,986  
Large Cap Quantitative Equity Fund
                      18,994       15,180  
Large Cap Value Equity Fund
                      164,462       122,542  
Mid-Cap Core Equity Fund
                      1,704       18,987  
Real Estate 130/30 Fund**
                      290 *     781  
Select Large Cap Growth Stock Fund
    9,527                   4,517       10,982  
Small Cap Growth Stock Fund
                      23,892       89,501  
Small Cap Value Equity Fund
                      15,804       42,847  
U.S. Equity 130/30 Fund**
                      320        
Aggressive Growth Allocation Strategy
                            1,042  
Growth Allocation Strategy
                            3,583  
Moderate Allocation Strategy
                      714       3,780  
 
*   As of March 31, 2009, the Fund had capital loss carryforwards and Post October Losses subject to certain limitations on availability to offset future capital gains, if any, as the result of a change of control, as defined in the Internal Revenue Code.
 
Capital loss carryforwards may be applied to offset future realized capital gains and may thus reduce future capital gain distributions.
 
During the year ended March 31, 2010, the Mid-Cap Value Equity Fund, U.S. Equity 130/30 Fund, Conservative Allocation Strategy Fund utilized $65,503, $384 and $75 respectively, in thousands, in capital loss carryforwards.
 
The Aggressive Growth Fund and Select Large Cap Growth Fund had $1,276 and $52,653, in thousands, of capital loss carryforwards expire in fiscal 2010. Net Capital losses incurred after October 31, and within the taxable year are deemed to arise on the first business day of the Funds’


138


 

 
NOTES TO FINANCIAL STATEMENTS  (concluded)
RIDGEWORTH FUNDS  March 31, 2010
 
next taxable year. The Aggressive Growth Stock Fund, Emerging Growth Stock Fund, International Equity 130/30 Fund, International Equity Fund, International Equity Index Fund, Large Cap Core Equity Fund, Large Cap Growth Stock Fund, Large Cap Quantitative Equity Fund, Large Cap Value Equity Fund, Mid-Cap Core Equity Fund, Mid-Cap Value Equity Fund, Real Estate 130/30 Fund, Select Large Cap Growth Stock Fund, Small Cap Growth Stock Fund, Small Cap Value Equity Fund, U.S. Equity 130/30 Fund, Aggressive Growth Allocation Strategy, Conservative Allocation Strategy, Growth Allocation Strategy and Moderate Allocation Strategy have incurred and will elect to defer $—, $—, $1,054, $202, $687, $—, $—, $—, $—, $—, $—, $—, $—, $953, $—, $—, $47, $102 and $200, respectively, in thousands, in capital losses. The International Equity 130/30 Fund has incurred after October 31 and will elect to defer $680, in thousands, in foreign currency losses.
 
*   The differences between book-basis and tax-basis unrealized appreciation/(depreciation) is attributable primarily to: tax deferral of losses on wash sales, the difference between book and tax amortization methods for premium and market discount, the realization for tax purposes of unrealized gains/losses on investments in passive foreign investment companies, and the return of capital adjustments from real estate investment trusts.
 
**  As of March 31, 2010, these Funds had capital loss carryforwards and Post October Losses subject to certain limitations on availability to offset future capital gains, if any, as the result of a change of control, as defined in the Internal Revenue Code.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
6. Risks
 
Certain of the Funds may invest in securities of foreign issuers in various countries. Investments in securities of foreign issuers carry certain risks not ordinarily associated with investments in securities of U.S. issuers. These risks include future political and economic developments, and the possible imposition of exchange controls or other foreign governmental laws and restrictions. In addition, with respect to certain countries, there is a possibility of expropriation of assets, confiscatory taxation, political or social instability or diplomatic developments, which could adversely affect investments in those countries. Emerging market countries are countries that the World Bank or the United Nations considers to be emerging or developing. Emerging markets may be more likely to experience political turmoil or rapid changes in market or economic conditions than more developed countries. In addition, the financial stability of issuers, including governments, in emerging market countries may be more precarious than in other countries. As a result, there will tend to be an increased risk of price volatility associated with these Funds’ investments in emerging market countries, which may be magnified by currency fluctuations relative to the U.S. dollar.
 
The Real Estate 130/30 Fund invests a substantial portion of its assets in securities of REITs. The market’s perception of prospective declines in private real estate values and other financial assets may result in increased volatility of market prices that can negatively impact the valuation of certain issuers held by that Fund.
 
7. Subsequent Events
 
Management has evaluated subsequent events through the date these financial statements were issued and there are no subsequent events to report, except as noted below.
 
At a meeting of the Board on May 21, 2010, the Board approved the liquidation of B Shares of the Allocation Strategies and the accelerated conversion of remaining B Shares to A Shares to be effective on or about July 16, 2010. Such conversions will not be subject to any A Shares sales load.


139


 

 
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
RIDGEWORTH FUNDS  March 31, 2010
 
To the Board of Trustees and Shareholders of
RidgeWorth Funds:
 
In our opinion, the accompanying statements of assets and liabilities, including the schedules of portfolio investments, and the related statements of operations, of cash flows, of changes in net assets, and the financial highlights present fairly, in all material respects, the financial position of Aggressive Growth Stock Fund, Emerging Growth Stock Fund, International Equity 130/30 Fund, International Equity Fund, International Equity Index Fund, Large Cap Core Equity Fund, Large Cap Growth Stock Fund, Large Cap Quantitative Equity Fund, Large Cap Value Equity Fund, Mid-Cap Core Equity Fund, Mid-Cap Value Equity Fund, Real Estate 130/30 Fund, Select Large Cap Growth Stock Fund, Small Cap Growth Stock Fund, Small Cap Value Equity Fund, U.S. Equity 130/30 Fund, Aggressive Growth Allocation Strategy (formerly, Life Vision Aggressive Growth Fund), Conservative Allocation Strategy (formerly, Life Vision Conservative Fund), Growth Allocation Strategy (formerly, Life Vision Growth and Income Fund), Moderate Allocation Strategy (formerly, Life Vision Moderate Growth Fund), (twenty of the funds constituting RidgeWorth Funds, hereafter referred to as the “Funds”) at March 31, 2010, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period then ended, the cash flows of International Equity 130/30 Fund, Real Estate 130/30 Fund, and U.S. Equity 130/30 Fund for the year the ended, and the financial highlights for each of the Funds for the periods presented, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as “financial statements”) are the responsibility of the Funds’ management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at March 31, 2010 by correspondence with the custodians and brokers, provide a reasonable basis for our opinion.
 
PricewaterhouseCoopers LLP
 
Columbus, Ohio
May 28, 2010


140


 

 
OTHER FEDERAL TAX INFORMATION
RIDGEWORTH FUNDS  March 31, 2010
(Unaudited)
 
For corporate shareholders, the following percentages of the total ordinary income distributions paid by the following Funds during the fiscal year ended March 31, 2010 qualify for the corporate dividends received deductions:
 
         
    Dividend Received
    Deduction (%)
 
International Equity 130/30 Fund
       
Large Cap Core Equity Fund
    100  
Large Cap Growth Stock Fund
    100  
Large Cap Quantitative Equity Fund
    100  
Large Cap Value Equity Fund
    100  
Mid-Cap Core Equity Fund
    100  
Mid-Cap Value Equity Fund
    57  
Select Large Cap Growth Stock Fund
    100  
Small Cap Value Equity Fund
    99  
U.S. Equity 130/30 Fund
    81  
Aggressive Growth Allocation Strategy
    61  
Conservative Allocation Strategy
    10  
Growth Allocation Strategy
    36  
Moderate Allocation Strategy
    19  
 
In addition, the Funds may elect to pass through foreign taxes paid by the Funds to shareholders under Section 853 of the Internal Revenue Code. For the year ended March 31, 2010, the International Equity 130/30 Fund, International Equity Fund and International Equity Index Fund elected to pass through foreign taxes of $296, $573 and $3,297, respectively, in thousands.
 
For the year ended March 31, 2010, the following Funds paid qualified dividend income:
 
         
    Qualified Dividend
    Income (%)
 
International Equity 130/30 Fund
       
International Equity Fund
    38  
International Equity Index Fund
    33  
Large Cap Core Equity Fund
    100  
Large Cap Growth Stock Fund
    100  
Large Cap Quantitative Equity Fund
    100  
Large Cap Value Equity Fund
    100  
Mid-Cap Core Equity Fund
    100  
Mid-Cap Value Equity Fund
    59  
Select Large Cap Growth Stock Fund
    100  
Small Cap Value Equity Fund
    100  
U.S. Equity 130/30 Fund
    85  
Aggressive Growth Allocation Strategy
    73  
Conservative Allocation Strategy
    12  
Growth Allocation Strategy
    37  
Moderate Allocation Strategy
    22  
 
The RidgeWorth International Equity 130/30 Fund, International Equity Fund and International Equity Index Fund intends to elect to pass through to shareholders the income tax credit for taxes paid to foreign countries.
 
                 
    Foreign
  Foreign
    Source
  Tax
    Income ($)   Expense ($)
International Equity 130/30 Fund
    3,791       296  
International Equity Fund
    6,020       545  
International Equity Index Fund
    28,937       3,297  
 
The pass-through of the foreign tax credit will only affect those persons who are shareholders on the dividend record dates. These shareholders will receive more detailed information with their 2010 Form 1099-DIV.


141


 

TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUNDS
RIDGEWORTH FUNDS  March 31, 2010
(Unaudited)
 
Information pertaining to the Independent Trustees of the Trust is set forth below.
 
                     
                Number of
   
Name, Business
          Principal
  Portfolios in
   
Address, State of
  Position
  Term of
  Occupation(s)
  Trust
  Other
Residence and
  Held With
  Office and Length
  During the
  Complex
  Directorships
Age   Trust   of Time Served   Past 5 Years   Overseen   Held
                     
Jeffrey Biggar
3435 Stelzer Road
Columbus, OH 43219
(Ohio)
Age: 60
  Trustee   Indefinite; since
January 2007
  Chief Operating Officer, Cedar Brook Financial Partners LLC (March 2008-present). Retired (2006- March 2008). Chief Executive Officer and Senior Managing Director, Sterling (National City Corp.) (2002-2006)   50   GenSpring Trust
                     
George C. Guynn
3435 Stelzer Road
Columbus, OH 43219
(Georgia)
Age: 67
  Trustee   Indefinite; since
January 2008
  Retired. President (1996-October 2006) and Chief Executive Officer (1995-October 2006) Federal Reserve Bank of Atlanta   50   Genuine Parts Company; Oxford Industries; John Wieland Homes and Neighborhoods, Inc.; Acuity Brands, Inc.; GenSpring Trust
                     
Sidney E. Harris
3435 Stelzer Road
Columbus, OH 43219
(Georgia)
Age: 60
  Trustee   Indefinite; since
November 2004
  Professor (since 1997) and Dean (1997-2004), J. Mack Robinson College of Business, Georgia State University   50   Total System Services, Inc.; GenSpring Trust
                     
Warren Y. Jobe
3435 Stelzer Road
Columbus, OH 43219
(Georgia)
Age: 69
  Trustee   Indefinite; since
November 2004
  Retired. Executive Vice President/CFO, Georgia Power Company (1982-1998) and Senior Vice President, Southern Company (energy) (1998-2001)   50   WellPoint, Inc.; UniSource Energy Corp.
                     
Connie D. McDaniel
3435 Stelzer Road
Columbus, OH 43219
(Georgia)
Age: 51
  Trustee   Indefinite; since
May 2005
  Vice President Global Finance Transformation (since 2007), Vice President and Controller (1999-2007), The Coca-Cola Company   50   None
                     
Clarence H. Ridley
3435 Stelzer Road
Columbus, OH 43219
(Georgia)
Age: 67
  Trustee   Indefinite; since
November 2001
  Chairman, Haverty Furniture Companies   50   Crawford & Co.; Haverty Furniture Companies
                     
Charles D. Winslow
3435 Stelzer Road
Columbus, OH 43219
(Florida)
Age: 74
  Trustee   Indefinite; since
November 2004
  Retired. Formerly Partner, Accenture (consulting)   50   None
                     


142


 

 
TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUNDS (concluded)
RIDGEWORTH FUNDS  March 31, 2010
(Unaudited)
 
Information pertaining to the Officers of the Trust is set forth below.
 
             
        Term of
   
    Position(s)
  Office and
   
Name, Address and
  Held with
  Length of
  Principal Occupation(s)
Age   Trust   Time Served   During the Past 5 Years
             
Julia R. Short
50 Hurt Plaza
Suite 1400
Atlanta, GA 30303
Age: 37
  President and Chief Executive Officer   One year;
since July 2007
  Managing Director, Product Manager, RidgeWorth Investments
             
Patrick A. Paparelli
50 Hurt Plaza
Suite 1400
Atlanta, GA 30303
Age: 48
  Vice President; Chief Compliance Officer   One year;
since May 2008
  Managing Director, Director of Legal and Compliance (since 2001) and Chief Compliance Officer (since July 2004), RidgeWorth Investments
             
Diana Hanlin
50 Hurt Plaza
Suite 1400
Atlanta, GA 30303
Age: 42
  Vice President; Deputy Chief Compliance Officer   One year;
since May 2008
  Director, RidgeWorth Capital Management, Inc. (since May 2008); Employee of BB&T Asset Management, Inc. (2007-May 2008); Employee of BISYS Fund Services Ohio, Inc. (1996-2007)
             
Martin R. Dean
3435 Stelzer Road
Columbus, OH 43219
Age: 46
  Treasurer; Chief Financial Officer; Chief Accounting Officer   One year;
since March 2007
  Senior Vice President, Citi Fund Services Ohio, Inc.
             
Jennifer A. English
100 Summer Street Suite 1500
Boston, MA 02110
Age: 37
  Secretary; Chief Legal Officer   One year;
since February 2010
  Senior Vice President, Regulatory Administration, Citi (2005-present). Assistant Vice President and Assistant Counsel, PNC Global Investment Servicing (2002-2005)
             
Danio Mastropieri
100 Summer Street Suite 1500
Boston, MA 02110
Age: 37
  Assistant Secretary   One year;
since February 2010
  Vice President, Regulatory Administration, Citi (2007-present); Senior Regulatory Administration Specialist, PNC Global Investment Servicing (2004-2007)
             
 
The Trust’s Statement of Additional Information includes additional information about the Trust’s trustees and officers. To request your free copy of the Statement of Additional Information, call toll free 1-888-784-3863.


143


 

 
ADDITIONAL INFORMATION
RIDGEWORTH FUNDS  March 31, 2010
(Unaudited)
 
ANNUAL APPROVAL OF INVESTMENT ADVISORY AND SUBADVISORY AGREEMENTS
 
The continuance of the Trust’s investment advisory agreement with RidgeWorth Capital Management, Inc. (the “Adviser”) and subadvisory agreements between the Adviser and each of Alpha Equity Management LLC, Ceredex Value Advisors LLC, Certium Asset Management LLC, IronOak Advisors LLC, and Silvant Capital Management LLC (collectively, the “Subadvisers”) must be specifically approved at least annually by (i) the vote of the Trustees or a vote of the shareholders of the Funds and (ii) the vote of a majority of the Trustees who are not parties to the agreements or “interested persons” of any party thereto (the “Independent Trustees”), as defined in the Investment Company Act of 1940, cast in person at a meeting called for the purpose of voting on such approval. New advisory agreements for the Trust are also subject to such approval initially and annually after their initial term is complete. Each year, the Board of Trustees calls and holds a meeting to decide whether to approve and/or renew the Trust’s agreements for the upcoming year. In preparation for the meeting, the Board requests and reviews a wide variety of information from the Adviser and Subadvisers. The Trustees use this information, as well as other information that the Adviser, Subadvisers, and other service providers may submit to the Board, to help them decide whether to approve and/or renew the agreements.
 
In considering the renewal of the agreements with the Adviser and Subadvisers, the Board requested and received material from the Adviser and Subadvisers in preparation for a special meeting of the Board held on October 15, 2009, and requested and reviewed additional material from the Adviser and Subadvisers in preparation for its quarterly meeting held on November 20, 2009, at which it specifically considered the renewal of the agreements. Such material included, among other things, information about: (a) the quality of the Adviser’s and Subadvisers’ investment management and other services; (b) the Adviser’s and Subadvisers’ investment management personnel; (c) the Adviser’s and Subadvisers’ operations and financial condition; (d) the Adviser’s and Subadvisers’ brokerage practices (including any soft dollar arrangements) and investment strategies; (e) the level of the advisory fees that the Adviser and Subadvisers charge the Funds compared with the fees they charge to comparable mutual funds or accounts; (f) the Funds’ overall fees and operating expenses compared with similar mutual funds; (g) the level of the Adviser’s and Subadvisers’ profitability from their Fund-related operations; (h) the Adviser’s and Subadvisers’ compliance systems; (i) the Adviser’s and Subadvisers’ policies and procedures for personal securities transactions; (j) the Adviser’s and Subadvisers’ reputation, expertise, and resources in domestic financial markets; and (k) the Funds’ performance compared with similar mutual funds. The Board also received a memorandum from fund counsel regarding the responsibilities of the Trustees in connection with their consideration of the agreements.
 
At the meetings, representatives from the Adviser and Subadvisers presented additional oral and written information to the Board to help the Board evaluate the Adviser’s and Subadvisers’ fees and other aspects of the agreements. The Board also considered information presented by the Adviser, Subadvisers, and other service providers at meetings held throughout the year. The Trustees discussed the written materials, oral presentations, and any other information that the Board received, and considered the approval of the agreements in light of this information. Based on the Board’s deliberations and evaluation of the information it received, the Board, all whose members are Independent Trustees, approved the renewal of the agreements with the Adviser and Subadvisers and determined that the compensation under the agreements is fair and reasonable in light of the services to be performed. The Board considered the following specific factors, none of which was controlling, and made the following conclusions:
 
Nature, Extent, and Quality of Services
 
The Board received and considered information regarding the nature, extent, and quality of services to be provided to the Funds by the Adviser and Subadvisers. In this regard, the Trustees evaluated, among other things, the Adviser’s and Subadvisers’ personnel, experience, track record, and compliance program. The Board considered the background and experience of the Adviser’s and Subadvisers’ senior management and the expertise of, and amount of attention expected to be given to the Funds by, their portfolio management teams. The Board reviewed the qualifications, backgrounds, and responsibilities of the portfolio managers responsible for the day-to-day management of the Funds. The Board also reviewed information pertaining to the Adviser’s and Subadvisers’ organizational structure, senior management, investment operations, and other relevant information. The Board concluded that, within the context of its full deliberations, the nature, extent, and quality of the services to be provided to the Funds by the Adviser and Subadvisers supported the approval of the agreements.


144


 

 
ADDITIONAL INFORMATION (continued)
RIDGEWORTH FUNDS  March 31, 2010
(Unaudited)
 
Performance
 
The Board considered the investment performance of each Fund, including any periods of outperformance and underperformance, both on an absolute basis and a comparative basis to indices and other funds within the same investment categories. Specifically, the Board considered each Fund’s performance relative to its peer group and appropriate benchmarks in light of total return, yield, and market trends. As part of this review, the Board considered the composition of the peer group and selection criteria, as well as market risk and shareholder risk expectations. The Board considered the Adviser’s and Subadvisers’ explanations regarding specific performance issues. The Board concluded that, within the context of its full deliberations, the performance of the Funds, the Adviser, and the Subadvisers supported the approval of the agreements.
 
Fund Expenses
 
With respect to advisory fees, the Board considered the rate of compensation under the agreements and each Fund’s net operating expense ratio in comparison to those of comparable mutual funds. The Trustees also considered information about average expense ratios of comparable mutual funds in each Fund’s peer group. Finally, the Trustees considered the effect of the Adviser’s and Subadvisers’ waiver and reimbursement of fees and expenses, where applicable, to prevent total expenses from exceeding a specified amount and that, due to these waivers and reimbursements, net operating expenses have been maintained at competitive levels. The Board concluded that, within the context of its full deliberations, the expenses of the Funds are reasonable and supported the approval of the agreements.
 
Profitability
 
The Board reviewed information about the profitability of the Funds to the Adviser and Subadvisers and considered whether the level of profitability was reasonable and justified in light of the quality of the services rendered to the Funds and in comparison to other advisory firms. The Board concluded that, within the context of its full deliberations, the profitability of the Adviser and Subadvisers is within the range the Board considered reasonable.
 
Economies of Scale
 
The Board considered the existence of economies of scale and whether they were passed along to Fund shareholders through a graduated advisory fee schedule or other means, including any fee and expense waivers and reimbursements by the Adviser and Subadvisers. The Board concluded that, within the context of its full deliberations, the Funds obtain reasonable benefit from economies of scale.


145


 

 
ADDITIONAL INFORMATION (continued)
RIDGEWORTH FUNDS  March 31, 2010
(Unaudited)
 
Expense Examples
 
As a shareholder of the RidgeWorth Funds, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchases; and (2) ongoing costs, including management fees, 12b-1 distribution and/or service fees, and other Fund expenses. These examples are intended to help you understand your ongoing costs (in dollars) of investing in the RidgeWorth Funds and to compare these costs with the ongoing costs of investing in other mutual funds.
 
These examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2009 through March 31, 2010.
 
Actual Expenses
 
The table below provides information about actual account values and actual expenses. You may use the information below, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the table under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.
 
 
                                     
        Beginning
  Ending
  Expenses Paid
  Expense Ratio
        Account Value
  Account Value
  During Period*
  During Period**
        10/01/09($)   03/31/10($)   10/01/09-03/31/10($)   10/01/09-03/31/10(%)
 
Aggressive Growth Stock Fund
  I Shares     1,000.00       1,128.10       6.47       1.22  
    A Shares     1,000.00       1,125.80       8.06       1.52  
Emerging Growth Stock Fund
  I Shares     1,000.00       1,148.30       6.64       1.24  
    A Shares     1,000.00       1,146.00       8.24       1.54  
International Equity 130/30 Fund***
  I Shares     1,000.00       1,026.80       8.39       1.66  
    A Shares     1,000.00       1,025.30       10.30       2.04  
International Equity Fund
  I Shares     1,000.00       1,043.60       6.37       1.25  
    A Shares     1,000.00       1,042.40       7.89       1.55  
International Equity Index Fund
  I Shares     1,000.00       995.40       3.28       0.66  
    A Shares     1,000.00       993.70       4.77       0.96  
Large Cap Core Equity Fund
  I Shares     1,000.00       1,105.90       4.75       0.90  
    A Shares     1,000.00       1,105.00       6.05       1.15  
    C Shares     1,000.00       1,099.90       9.97       1.90  
Large Cap Growth Stock Fund
  I Shares     1,000.00       1,126.00       5.25       0.99  
    A Shares     1,000.00       1,125.00       6.83       1.29  
    C Shares     1,000.00       1,119.90       10.52       1.99  
Large Cap Quantitative Equity Fund
  I Shares     1,000.00       1,116.20       5.91       1.12  
    A Shares     1,000.00       1,114.60       7.28       1.38  
Large Cap Value Equity Fund
  I Shares     1,000.00       1,125.30       4.24       0.80  
    A Shares     1,000.00       1,123.60       5.82       1.10  
    C Shares     1,000.00       1,119.40       9.51       1.80  
Mid-Cap Core Equity Fund
  I Shares     1,000.00       1,148.50       6.27       1.17  
    A Shares     1,000.00       1,146.50       7.92       1.48  
    C Shares     1,000.00       1,142.10       11.59       2.17  
Mid-Cap Value Equity Fund
  I Shares     1,000.00       1,180.30       5.54       1.02  
    A Shares     1,000.00       1,177.80       7.11       1.31  
    C Shares     1,000.00       1,174.80       10.95       2.02  
Real Estate 130/30 Fund***
  I Shares     1,000.00       1,207.60       7.43       1.35  
    A Shares     1,000.00       1,205.20       6.55       1.63  
Select Large Cap Growth Stock Fund
  I Shares     1,000.00       1,102.30       5.08       0.97  
    A Shares     1,000.00       1,100.60       6.65       1.27  
    C Shares     1,000.00       1,096.50       10.30       1.97  
Small Cap Growth Stock Fund
  I Shares     1,000.00       1,134.60       6.48       1.22  
    A Shares     1,000.00       1,132.20       8.07       1.52  
    C Shares     1,000.00       1,128.50       11.77       2.22  
Small Cap Value Equity Fund
  I Shares     1,000.00       1,146.50       6.42       1.20  
    A Shares     1,000.00       1,144.60       8.02       1.50  
    C Shares     1,000.00       1,140.30       11.74       2.20  
U.S Equity 130/30 Fund***
  I Shares     1,000.00       1,144.10       8.18       1.53  


146


 

 
ADDITIONAL INFORMATION (continued)
RIDGEWORTH FUNDS  March 31, 2010
(Unaudited)
 
                                     
        Beginning
  Ending
  Expenses Paid
  Expense Ratio
        Account Value
  Account Value
  During Period*
  During Period**
        10/01/09($)   03/31/10($)   10/01/09-03/31/10($)   10/01/09-03/31/10(%)
 
Aggressive Growth Allocation Strategy
  I Shares     1,000.00       1,104.80              
    A Shares     1,000.00       1,101.60              
    B Shares     1,000.00       1,099.50              
    C Shares     1,000.00       1,097.80              
Conservative Allocation Strategy
  I Shares     1,000.00       1,048.20       1.02       0.20  
    A Shares     1,000.00       1,047.20       2.55       0.50  
    B Shares     1,000.00       1,044.70       4.84       0.95  
    C Shares     1,000.00       1,042.30       6.11       1.20  
Growth Allocation Strategy
  I Shares     1,000.00       1,079.70       1.04       0.20  
    A Shares     1,000.00       1,076.90       2.59       0.50  
    B Shares     1,000.00       1,074.80       4.91       1.95  
    C Shares     1,000.00       1,074.80       6.61       1.20  
Moderate Allocation Strategy
  I Shares     1,000.00       1,065.30       0.95       0.19  
    A Shares     1,000.00       1,062.90       2.47       0.48  
    B Shares     1,000.00       1,062.10       4.81       0.94  
    C Shares     1,000.00       1,060.30       6.11       1.19  
 
 
* Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days in the most recent fiscal half-year divided by the number of days in the fiscal year.
 
** Annualized.
 
*** Excludes impact of dividend expense and transactions cost on securities sold short.

147


 

 
ADDITIONAL INFORMATION (continued)
RIDGEWORTH FUNDS  March 31, 2010
(Unaudited)
 
Hypothetical Example
 
The table below provides information about hypothetical account values and hypothetical expenses based on each RidgeWorth Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
 
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) or redemption fees. Therefore, the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
 
                                     
        Beginning
  Ending
  Expenses Paid
  Expense Ratio
        Account Value
  Account Value
  During Period*
  During Period**
        10/01/09($)   03/31/10($)   10/01/09-03/31/10($)   10/01/09-03/31/10(%)
 
Aggressive Growth Stock Fund
  I Shares     1,000.00       1,018.85       6.14       1.22  
    A Shares     1,000.00       1,017.35       7.64       1.52  
Emerging Growth Stock Fund
  I Shares     1,000.00       1,018.75       6.24       1.24  
    A Shares     1,000.00       1,017.25       7.75       1.54  
International Equity 130/30 Fund ***
  I Shares     1,000.00       1,015.46       8.35       1.66  
    A Shares     1,000.00       1,013.91       10.25       2.04  
International Equity Fund
  I Shares     1,000.00       1,018.70       6.29       1.25  
    A Shares     1,000.00       1,017.20       7.80       1.55  
International Equity Index Fund
  I Shares     1,000.00       1,021.64       3.33       0.66  
    A Shares     1,000.00       1,020.14       4.84       0.96  
Large Cap Core Equity Fund
  I Shares     1,000.00       1,020.42       4.55       0.90  
    A Shares     1,000.00       1,019.18       5.81       1.15  
    C Shares     1,000.00       1,015.44       9.57       1.90  
Large Cap Growth Stock Fund
  I Shares     1,000.00       1,020.00       4.98       0.99  
    A Shares     1,000.00       1,018.50       6.49       1.29  
    C Shares     1,000.00       1,015.01       10.00       1.99  
Large Cap Quantitative Equity Fund
  I Shares     1,000.00       1,020.14       5.64       1.12  
    A Shares     1,000.00       1,018.90       6.94       1.38  
Large Cap Value Equity Fund
  I Shares     1,000.00       1,020.91       4.03       0.80  
    A Shares     1,000.00       1,019.41       5.54       1.10  
    C Shares     1,000.00       1,015.92       9.05       1.80  
Mid-Cap Core Equity Fund
  I Shares     1,000.00       1,019.45       5.59       1.17  
    A Shares     1,000.00       1,017.95       7.44       1.48  
    C Shares     1,000.00       1,014.46       10.90       2.17  
Mid-Cap Value Equity Fund
  I Shares     1,000.00       1,019.85       5.14       1.02  
    A Shares     1,000.00       1,018.40       6.59       1.31  
    C Shares     1,000.00       1,014.86       10.15       2.02  
Real Estate 130/30 Fund***
  I Shares     1,000.00       1,017.75       6.79       1.35  
    A Shares     1,000.00       1,011.88       5.98       1.63  
Select Large Cap Growth Stock Fund
  I Shares     1,000.00       1,020.09       4.89       0.97  
    A Shares     1,000.00       1,018.60       6.39       1.27  
    C Shares     1,000.00       1,015.11       9.90       1.97  
Small Cap Growth Stock Fund
  I Shares     1,000.00       1,018.86       6.13       1.22  
    A Shares     1,000.00       1,017.36       7.64       1.52  
    C Shares     1,000.00       1,013.87       11.14       2.22  
Small Cap Value Equity Fund
  I Shares     1,000.00       1,018.95       6.04       1.20  
    A Shares     1,000.00       1,017.45       7.54       1.50  
    C Shares     1,000.00       1,013.96       11.05       2.20  
U.S Equity 130/30 Fund***
  I Shares     1,000.00       1,016.55       7.70       1.53  
Aggressive Growth Allocation Strategy
  I Shares     1,000.00       1,023.93              
    A Shares     1,000.00       1,022.43              
    B Shares     1,000.00       1,020.19              
    C Shares     1,000.00       1,018.95              


148


 

 
ADDITIONAL INFORMATION (concluded)
RIDGEWORTH FUNDS  March 31, 2010
(Unaudited)
 
                                     
        Beginning
  Ending
  Expenses Paid
  Expense Ratio
        Account Value
  Account Value
  During Period*
  During Period**
        10/01/09($)   03/31/10($)   10/01/09-03/31/10($)   10/01/09-03/31/10(%)
 
Conservative Allocation Strategy
  I Shares     1,000.00       1,023.93       1.01       0.20  
    A Shares     1,000.00       1,022.44       2.52       0.50  
    B Shares     1,000.00       1,020.19       4.78       0.95  
    C Shares     1,000.00       1,018.95       6.04       1.20  
Growth Allocation Strategy
  I Shares     1,000.00       1,023.98       1.01       0.20  
    A Shares     1,000.00       1,022.49       2.52       0.50  
    B Shares     1,000.00       1,020.24       4.78       1.95  
    C Shares     1,000.00       1,019.00       6.04       1.20  
Moderate Allocation Strategy
  I Shares     1,000.00       1,024.01       0.93       0.19  
    A Shares     1,000.00       1,022.54       2.42       0.48  
    B Shares     1,000.00       1,020.26       4.72       0.94  
    C Shares     1,000.00       1,019.00       5.99       1.19  
 
 
Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days in the most recent fiscal half-year divided by the number of days in the fiscal year.
 
**  Annualized.
 
***  Excludes impact of dividend expense and transactions cost on securities sold short.
 
Proxy Voting
 
Information regarding the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities is available without charge, upon request, by calling 1-888-784-3863. The information also is included in the Funds’ Statement of Additional Information, which is available on the Funds’ website at www.ridgeworth.com and on the Securities and Exchange Commission’s website at www.sec.gov.
 
Information relating to how each Fund voted proxies relating to portfolio securities held during the most recent twelve months ended June 30 is available on the Funds’ website at www.ridgeworth.com and on the Securities and Exchange Commission’s website at www.sec.gov.
 
Portfolio Holdings Information
 
The Funds file a complete list of their portfolio holdings with the Securities and Exchange Commission for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available free of charge on the Securities and Exchange Commission’s website at www.sec.gov. You may also review or, for a fee, copy those documents by visiting the Securities and Exchange Commission’s Public Reference Room in Washington, D.C. Information on the operation of the Public Reference Room may be obtained by calling the Securities and Exchange Commission at 1-202-551-8090.


149


 

         
 
  Investment Adviser:    
 
       
 
  RidgeWorth Investments    
 
  50 Hurt Plaza, Suite 1400    
 
  Atlanta, Georgia 30303    
 
  www.ridgeworth.com    
 
       
 
  Investment Subadvisers:    
 
       
 
  Alpha Equity Management LLC   IronOak Advisors LLC
 
  90 State House Square, Suite 1100   919 East Main Street, 15th Floor
 
  Hartford, CT 06103   Richmond, VA 23219
 
  www. alphaequityllc.com   www. ironoakadvisors.com
 
       
 
  Ceredex Value Advisors LLC   Silvant Capital Management LLC
 
  Lincoln Plaza, Suite 1600   50 Hurt Plaza, Suite 1500
 
  300 South Orange Avenue   Atlanta, GA 30303
 
  Orlando, FL 32801   www. silvantcapital.com
 
  www. ceredexvalue.com  
 
      Zevenbergen Capital Investments LLC
 
  Certium Asset Management LLC   601 Union Street, Suite 4600
 
  50 Hurt Plaza, Suite 1400   Seattle, Washington 98101
 
  Atlanta, GA 30303   www. zci.com
 
  www. certiumllc.com    
 
       
    This information must be preceded or accompanied by a current prospectus for each Fund described. An investor should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about RidgeWorth Funds can be found in the Fund’s prospectus. For additional information, please call 1-888-784-3863, or visit www.ridgeworth.com. Please read the prospectus carefully before investing.
 
       
    Distributor:
 
       
    Ridgeworth Distributors LLC
 
       
   
Not FDIC Insured No Bank Guarantee May Lose Value
 
       
    (RIDGEWORTH INVESTMENTS LOGO)
Collective Strength Individual Insight is a federally registered service mark of RidgeWorth Investments
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2010 ANNUAL REPORT FIXED INCOME AND MONEY MARKET FUNDS MARCH 31, 2010 RidgeWorth Investments® is the trade name of RidgeWorth Capital Management, Inc.

 


 

TABLE OF CONTENTS
RIDGEWORTH FUNDS March 31, 2010
         
    1  
 
       
       
 
       
Fixed Income Funds:
       
    3  
    5  
    7  
    9  
    11  
    13  
    15  
    17  
    19  
    21  
    23  
    25  
    27  
    29  
    31  
    33  
    35  
    37  
    39  
    41  
    43  
 
       
Money Market Funds:
       
 
       
    45  
    46  
    47  
    48  
    49  
 
       
Schedules of Portfolio Investments
    51  
 
       
Statements of Assets and Liabilities
    204  
 
       
Statements of Operations
    208  
 
       
Statements of Changes in Net Assets
    212  
 
       
Financial Highlights
    226  
 
       
Notes to Financial Statements
    237  
 
       
Report of Independent Registered Public Accounting Firm
    262  
 
       
Trustees and Officers of the RidgeWorth Funds
    263  
 
       
Annual Approval of Investment Advisory and Subadvisory Agreements
    265  
 
       
Additional Information
    267  

 


 

LETTER TO SHAREHOLDERS
March 31, 2010
Dear Valued RidgeWorth Funds Shareholder,
Another year has passed and we are happy to report that the economy and the markets are very much improved since our last annual assessment. We are also very pleased to report that the RidgeWorth Funds continued to perform exceptionally well, winning two major Lipper performance awards for 2010. We will speak in a bit more detail to each of these important topics before concluding with some thoughts on what we might expect in the coming year.
But before doing that, we want to begin by thanking you, our valued RidgeWorth Funds shareholders. All of our efforts and successes are focused on and dedicated to helping you achieve your investing goals, and we are grateful that you have placed your confidence in us. It is our mission to earn that trust through all that we do.
A year ago, the world was deeply worried and even fearful about the precipitous decline in the U.S. and global economies and financial markets. Indeed, the concerns were not limited to the decline in growth or the massive loss of jobs. Many markets had become severely impaired and illiquid, putting an indelible stamp on this period in our history. Much of the root cause of the decline was due to an extended period of excessive debt growth ending in an over-leveraged economy vulnerable to any significant weakness. Housing, perhaps the most leveraged industry and asset, was at the epicenter of the crisis.
The decline in U.S. output was the most severe in magnitude and of the longest duration of the post-War era. Industrial production fell over 14%, home building fell nearly 80% to the lowest level on record, and over 8 million jobs were eliminated lifting the unemployment to its highest level in a quarter century. Real estate prices in particular were hard hit, and the losses and foreclosures have not yet run their course. The size and scope of these challenges was unprecedented in modern times and required an extraordinary policy response.
The Federal Reserve (the “Fed”) took early action, going well beyond traditional interest rate cuts. The first step was to announce rates would remain low for an “extended period.” The next major effort was to create special lending vehicles to help restore liquidity to many nonfunctioning markets. The third major step was to purchase mortgage-backed and Treasury securities. These efforts helped provide life support for frozen markets. The federal government also stepped in with huge stimulus programs intended to build roads, help buy cars, and extend benefits to unemployed workers among other initiatives.
The turning point for the economy came as businesses finished cutting output to the bone at a time when record fiscal and monetary stimulus flooded the economy. Layoffs began to slow, production improved, and the economy began growing in the second half of 2009. However, the pace of the recovery so far has been weaker than average, despite the severity of the downturn, and it has taken on a somewhat different shape. High debt levels appear to be holding back consumer spending and the growth in housing so far, while falling revenues caused state and local government outlays to contract. The relative positives have been in a stronger than average rebound in corporate spending on equipment and software and in international trade, both imports and exports. The “slack” in the labor market and the continued high levels of idle production capacity kept a lid on inflation pressures in the face of record levels of stimulus spending.
The financial markets responded very positively to the shift in economic momentum and the major equity and fixed-income indexes performed well in the 12 months ended March 31, 2010, in stark contrast to the weak performance from the previous year. The S&P 500 Index1 generated a 49.73% total return for the period compared with a -38.06% return in the previous 12 months, while the Barclays Capital U.S. Aggregate Bond Index2 gained 7.69% versus a 3.13% increase.
As might be expected, the improvement in economic perceptions and expectations provided the most lift to the economically sensitive technology, industrial, financial, and consumer discretionary sectors, though all sectors recorded double-digit percentage gains. Mid-cap, small-cap, and international stocks experienced even stronger returns. Bond performance was dominated by higher liquidity and narrower credit spreads as investors moved away from the perceived safety of U.S. Treasuries. High Yield (Barclays Capital U.S. Corporate High Yield Bond Index3) and corporate bonds (Barclays Capital U.S. Corporate Investment Grade Index4) enjoyed 56.18% and 23.80% returns, respectively, during the period. REITs also benefited from healthier credit markets, with the FTSE NAREIT Equity REITs Index5 returning an impressive 106.68%.

1


 

The RidgeWorth Funds continued to perform well relative to peers. More than 70% of our long-term funds beat their Lipper Peer Group averages for each of the 3-, 5-, and 10-year periods ended March 31, 20106. In addition, RidgeWorth received two of the four “group awards” given to Small Companies at the 2010 Lipper Fund Awards ceremony held in New York on Wednesday, March 24. Lipper awarded RidgeWorth the Small Company “Overall” and “Mixed-Asset” Awards for the highest consistent return among qualifying small companies over the three-year period ended December 31, 2009.7 It is a great honor to be recognized for these awards by such a highly-regarded organization as Lipper.
We are working diligently to continue the RidgeWorth tradition of strong performance. The outlook for the economy is considerably brighter than it was a year ago during the depths of the recession, but there remain significant headwinds that will likely restrict the pace of growth for some time; including high consumer debt loads, a weak housing market, and the paying down of record federal deficits. Moreover, with the S&P 500 up over 70% from the 2009 low and bond credit spreads back down closer to historical norms, we believe the “easy money” has been made in the broad market advance. We expect a somewhat slower than normal pace of recovery because of the headwinds mentioned above, but inflation will likely remain relatively low and the Fed will be careful not to raise interest rates too quickly.
We believe the markets will continue to offer opportunities for investors, but they will be more selective and company specific; a market that fits well with the RidgeWorth bottom-up approach to security selection.
The past year has been good for the economy, the markets, and the RidgeWorth Funds. We wish to again thank you for your trust and confidence in us, and we look forward to another good year together.
Sincerely,
     
-s- David Eidson
  -s- Ashi Parikh
 
   
David Eidson
  Ashi Parikh
Chairman and CEO
  President and CIO
RidgeWorth Capital Management, Inc.
  RidgeWorth Capital Management, Inc.
 
1   The S&P 500 Index is widely regarded as a gauge of the U.S. equities market, this index includes 500 leading companies in leading industries of the U.S. economy. Although the S&P 500 focuses on the large cap segment of the market, with approximately 75% coverage of U.S. equities, it is also an ideal proxy for the total market.
 
2   Barclays Capital U.S. Aggregate Bond Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment-grade fixed-rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis.
 
3   Barclays Capital U.S. Corporate High Yield Bond Index covers the U.S. dollar-denominated, non-investment grade, fixed-rate, taxable corporate bond market. Securities are classified as high yield if the middle rating of Moody’s , Fitch , and S&P is Ba1/BB+/BB+ or below. The index excludes emerging markets debt.
 
4   Barclays Capital U.S. Corporate Index covers U.S. dollar-denominated, investment grade, fixed-rate, taxable securities sold by industrial, utility and financial issuers. It includes publicly issued U.S. corporate and foreign debentures and secured notes that meet specified maturity, liquidity, and quality requirements.
 
5   FTSE NAREIT Equity REITs Index is a capitalization-weighted index that spans the commercial real estate spaces across the U.S. economy.
 
6   For the period ended March 31, 2010, 37 out of 49 (1 year), 35 out of 46 (3 years), 34 out of 44 (5 years) and 23 out of 31 (10 years) Funds’ I Shares beat their respective Lipper peer group averages. Lipper rankings are based on total return and do not include a sales charge.
 
7   Lipper ratings for Consistent Return reflect funds’ historical risk-adjusted returns, adjusted for volatility, relative to peers. The ratings are subject to change every month and calculated for the following time periods: 3-year, 5-year, 10-year and overall. The overall calculation is based on an equal-weighted average of percentile ranks for the Consistent Return metrics over 3-year, 5-year and 10-year period (if applicable). The highest 20% of funds in each classification are named Lipper Leader for Consistent Return. The next 20% receive a rating of 4; the middle 20% are rated 3; the next 20% are rated 2, and the lowest 20% are rated 1. Lipper Leader© Thomson Reuters. All rights reserved.

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CORPORATE BOND FUND
Portfolio Managers
  James F. Keegan
  Adrien Webb, CFA
  Perry Troisi
Investment Concerns
Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.
U.S. Government guarantees apply only to the underlying securities of the Fund’s portfolio and not the Fund’s shares.
Although the Fund’s yield may be higher than that of fixed income funds that purchase higher-rated securities, the potentially higher yield is a function of the greater risk that the Fund’s share price will decline.
International investing involves increased risk and volatility.
The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.
Mortgage-backed investments involve risk of loss due to prepayments and, like any bond, due to default. Because of the sensitivity of mortgage-related securities to changes in interest rates, the Fund’s performance may be more volatile than if it did not hold these securities.
Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
The Corporate Bond Fund lagged its benchmark, the Barclays Capital U.S. Corporate Index, with a total return of 18.49% (I Shares) versus 23.80% for the 12-month period ended March 31, 2010.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
The Fund held the majority of its exposure in industrials and utilities. Our finance activity was concentrated in the purchase of strong foreign banks, exchanges, transaction-based institutions, brokers and Real Estate Investment Trusts. Our favored industries are metals and mining, brokers and regulated pipelines.1
Early in 2010, our bottom-up security selection in industrials and utilities added value but not enough to offset our underweight in financials. In addition, financial security selection was a negative due to our focus on transaction based institutions. Spreads on these bonds did not tighten nearly as much as the more challenged banks where we continue to reserve judgment.1
How do you plan to position the Fund, based on market conditions?
Risk assets continued to outperform in early 2010, lifted by consistent cash inflows to bond funds of all types and a March rally that fed off a robust stock market. Credit in the High-Grade sector performed well.
Healthy corporate issuance has continued in 2010, but deals have not been nearly as attractive as last year. We are maintaining a cautious eye as spreads tighten, but we believe our focus on bottom-up security selection will help to keep the Fund insulated from any major credit deterioration.
Portfolio Composition (as of March 31, 2010)1
as a percentage of Investments
(PIE CHART)
 
1   Portfolio Composition is subject to change

3


 

CORPORATE BOND FUND
Growth of $10,000 Investment (as of March 31, 2010)
(GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 11/30/01. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the Barclays Capital U.S. Corporate Index, which covers U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities sold by industrial, utility and financial issuers. It includes publicly issued U.S. corporate and foreign debentures and secured notes that meet specified maturity, liquidity, and quality requirements. The index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.
                                                 
                    Average Annual Total Returns as of 3/31/10
                                            Since
Corporate Bond Fund       Inception Date    1 Year   3 Year   5 Year   Inception
 
A Shares  
without sales charge
    10/08/03       18.05 %     5.19 %     4.74 %     5.44 %
       
with sales charge*
            12.41 %     3.51 %     3.73 %     4.65 %
C Shares  
without CDSC
    11/30/01       17.32 %     4.48 %     4.04 %     4.91 %
       
with CDSC*
            16.32 %     4.48 %     4.04 %     4.91 %
I Shares  
 
    11/30/01       18.49 %     5.53 %     5.05 %     5.74 %
Barclays Capital U.S. Corporate Index             23.80 %     5.95 %     5.30 %     5.77 %
                                                 
Prospectus Expense Ratio1                                   Gross
A Shares  
 
                                    0.82 %
C Shares  
 
                                    1.52 %
I Shares  
 
                                    0.52 %
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Share performance reflects the maximum front-end sales charge of 4.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.
 
1   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.

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GEORGIA TAX-EXEMPT BOND FUND
Portfolio Manager
  Chris Carter, CFA
Investment Concerns
Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.
The geographical concentration of portfolio holdings in this fund may involve increased risk.
The Fund’s income may be subject to certain state and local taxes and, depending on your tax status, the federal alternative minimum tax.
The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.
Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
For the 12-month period ended March 31, 2010, the Georgia Tax-Exempt Bond Fund had a total return of 8.32% (I Shares) versus a total return of 12.00% for the Lipper Georgia Municipal Debt Funds Average1, and a 9.69% total return for the Barclays Capital U.S. Municipal Bond Index. Total returns generally increased as you progressed out the maturity spectrum during the period, with the long-term bond sector (22+ years to maturity) providing the greatest total return (according to Barclays Capital). As of March 31, 2010, relative to the Barclays Capital U.S. Municipal Bond Index, the Fund maintained an overweight of less than one-year, 20-year, and 22-year and longer-term paper. Additionally, relative to the index the Fund maintained a high allocation to securities rated AAA and A and a lower allocation to securities in the AA and BAA rating categories. Trading activity and portfolio events during the period resulted in exposure to the three-year, 20-year, and long-term bond sectors being increased. Over the 12 months, the five-, 10-, and 30-year generic AAA-rated municipal bond yields declined 30, 7, and 64 basis points (0.30%), (0.70%) and (0.64%), respectively. The two-year to 30-year municipal bond yield curve flattened 46 basis points (0.46%) to 338 basis points (3.38%) of slope.3
What factors influenced the Fund’s performance for the period ended March 31, 2010?
The main factor behind the Fund’s underperformance was its continued overweight of higher-quality securities. Long-term bonds and lower-quality paper were oversold at the end of 2008, which set the stage for the powerful rally in 2009. Credit spreads continue to tighten in 2010. Specifically, the Barclays Capital BAA Municipal Index2 returned 20.37% for the period, while the AA and AAA indices returned 8.28% and 5.93%, respectively.3
How do you plan to position the Fund, based on market conditions?
The Fund continues to favor premium bonds (prices greater-than par) for their income benefit and relative price stability. We believe all activity will occur within an investment-grade construct and the average credit quality of Fund holdings should remain high relative to its peers. We will continue to make tactical adjustments to the Fund, periodically, as a part of an active portfolio management process. We believe that the Fund is currently well positioned for further flattening of the yield curve, which we anticipate.3
 
1   The Lipper Georgia Municipal Debt Funds Average is an average of managed mutual funds that limit their assets to those securities which are exempt from taxation in Georgia (double tax-exempt) or city (triple tax-exempt).
 
2   Barclays Capital BAA Municipal Bond Index is a subset of the Barclays Capital U.S. Municipal Bond Index with an index rating of Baa1, Baa2, or Baa3. The Barclays Capital U.S. Municipal Bond Index is a rules-based, market-value weighted index engineered for the long-term, tax-exempt bond market.
Portfolio Composition (as of March 31, 2010)3
as a percentage of Investments
(PIE CHART)
 
3   Portfolio Composition is subject to change

5


 

GEORGIA TAX-EXEMPT BOND FUND
Growth of $10,000 Investment (as of March 31, 2010)
(GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/31/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the Barclays Capital U.S. Municipal Bond Index, which covers the U.S. dollar-denominated long-term tax-exempt bond market. The index has four main sectors: state and local general obligation bonds, revenue bonds, insured bonds, and prerefunded bonds. The index is unmanaged and does not reflect the deduction of fees such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.
                                     
        Average Annual Total Returns as of 3/31/10
Georgia Tax-Exempt Bond Fund       1 Year   3 Year   5 Year   10 Year
 
A Shares
 
without sales charge
    8.03 %     3.57 %     3.70 %     4.44 %
   
with sales charge*
    2.90 %     1.91 %     2.70 %     3.94 %
I Shares
 
 
    8.32 %     3.73 %     3.87 %     4.63 %
Barclays Capital U.S. Municipal Bond Index     9.69 %     4.56 %     4.58 %     5.58 %
         
Prospectus Expense Ratio1   Gross
 
A Shares
    0.75 %
I Shares
    0.60 %
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Share performance reflects the maximum front-end sales charge of 4.75%.
 
1   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.

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HIGH GRADE MUNICIPAL BOND FUND
Portfolio Manager
  Ronald Schwartz, CFA
Investment Concerns
Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.
The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.
The geographical concentration of portfolio holdings in this fund may involve increased risk.
The Fund’s income may be subject to certain state and local taxes and, depending on your tax status, the federal alternative minimum tax.
Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
For the 12-month period ended March 31, 2010, the High Grade Municipal Bond Fund returned 10.43% (I Shares), outperforming the Barclays Capital U.S. Municipal Bond Index and its peer group, the Lipper Insured Municipal Debt Funds Average1, which returned 9.69% and 9.87%, respectively. Lesser-quality and longer-maturity bonds provided the best returns over the period, as represented in the Barclays Capital BAA Municipal Bond Index2, which returned 20.37%, and the Barclays Capital Municipal Long Bond Index3 returning 17.35%.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
Curve placement contributed to performance for the Fund versus its peers and benchmark, while the high-quality bias was a detriment. The Fund has no exposure to BBB paper versus the benchmark, which has 13.25% exposure. The Fund has more than 60% exposure to bonds with maturities greater than 20 years while the index has 34%. For the majority of the period the Fund maintained a duration that was shorter than the Lipper peer group but longer than the benchmark. Intermediate- to long-term bonds outperformed short-term bonds as the curve flattened. Lesser-quality bonds outperformed as credit spreads narrowed.4
How do you plan to position the Fund, based on market conditions?
We expect to maintain the high-credit quality bias of portfolios and neutral duration targets. We would anticipate extending out the curve into longer maturities as the curve has flattened over the last year from 384 to 338 basis points (3.84% to 3.38%).4
 
1   The Lipper Insured Municipal Debt Funds Average is an average of managed mutual funds that invest at least 65% of their assets in municipal debt issues insured as to timely payment.
 
2   Barclays Capital BAA Municipal Bond Index is a subset of the Barclays Capital U.S. Municipal Bond Index with an index rating of Baa1, Baa2, or Baa3. The Barclays Capital U.S. Municipal Bond Index is a rules-based, market-value weighted index engineered for the long-term, tax-exempt bond market.
 
3   Barclays Capital Municipal Long Bond Index is a sub-index (consisting of bonds with maturities of at least 22 years) of the Barclays Capital Municipal Bonds Index, a broad-based, total return index comprised of investment grade, fixed rate municipal bonds selected from issues larger than $50 million issued since January 1991.
Portfolio Composition (as of March 31, 2010)4
as a percentage of Investments
(PIE CHART)
 
4   Portfolio Composition is subject to change

7


 

HIGH GRADE MUNICIPAL BOND FUND
Growth of $10,000 Investment (as of March 31, 2010)
(GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/31/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the Barclays Capital U.S. Municipal Bond Index, which covers the U.S. dollar-denominated long-term tax-exempt bond market. The index has four main sectors: state and local general obligation bonds, revenue bonds, insured bonds, and prerefunded bonds. The index is unmanaged and does not reflect the deduction of fees such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.
                                         
            Average Annual Total Returns as of 3/31/10
High Grade Municipal Bond Fund       1 Year   3 Year   5 Year   10 Year
 
A Shares
 
without sales charge
    10.26 %     4.30 %     4.00 %     4.72 %
       
with sales charge*
    5.05 %     2.61 %     3.00 %     4.21 %
I Shares
 
 
    10.43 %     4.49 %     4.18 %     4.91 %
Barclays Capital U.S. Municipal Bond Index     9.69 %     4.56 %     4.58 %     5.58 %
         
Prospectus Expense Ratio1   Gross
 
A Shares
    0.79 %
I Shares
    0.64 %
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Share performance reflects the maximum front-end sales charge of 4.75%.
 
1   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the fi nancial highlights.

8


 

HIGH INCOME FUND
Portfolio Managers
  Michael McEachern, CFA
  Brian Nold, M.D.
Investment Concerns
Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.
Although the Fund’s yield may be higher than that of fixed income funds that purchase higher-rated securities, the potentially higher yield is a function of the greater risk that the Fund’s share price will decline.
The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.
Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
For the 12-month period ended March 31, 2010, the High Income Fund outperformed its benchmark the Barclays Capital U.S. Corporate High Yield Bond Index with a return of 57.86%1 (R Shares) versus 56.18% for the index.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
Given the positive fundamental and technical trends, we continue to look for opportunities to rotate out of bonds that have reached their performance target into securities with better upside. We reduced exposure to the largest hospital operators because the sector was trading at full value. Certain transportation issuers had recovered from the depressed levels of last year and the market now recognizes their improved position. We also diversified exposure in auto finance.2
With the healthy new issue market, we have been searching for opportunities to add value through our bottom-up research process. We increased our allocation to previously distressed Finance issuers that are focused on rebuilding their balance sheets as well as defaulted Industrial issuers that we expect will exit bankruptcy later in 2010. We are also mindful that merger and acquisition activity by investment-grade issuers could be on the rise later this year, which could be positive for individual high-yield companies. Consequently, we increased exposure to certain issuers that are good credits on their own, but could also be identified as attractive takeover candidates.2
Despite uncertainty about the staying power of the economic recovery, high-yield returns were strong over the past 12 months. The Fund’s robust return was the result of its security overweighting in CCC-rated and finance and autos. Given the current economic and market environments, High Yield remains a favored sector for investors seeking more attractive yields than investment-grade bonds and less volatility than equities.2
How do you plan to position the Fund, based on market conditions?
Over the past year, credit—both high-yield and investment-grade—has been the favored asset class of investors because it offered attractive upside potential without the volatility of equities. Demand for high yield has been very strong and this enabled issuers to refinance and extend bonds and loans that were scheduled to mature in the next few years. Companies took advantage of robust demand and issued a record amount of high-yield bonds in the first quarter—one-half the previous peak annual level in only three months. Because there are still questions about how robust the recovery will be, companies have been restrained about borrowing to make acquisitions, pay dividends or buy back stock. As a result of these positive fundamental and technical factors, along with the departure of the weakest players due to default, the overall quality of the high-yield universe, as measured by the upgrade/downgrade ratio, is improving.
In the near term, we expect that these positive conditions will persist, and so we will concentrate on adding value through security selection. Our bottom-up focus will be crucial in avoiding the downside if certain companies start to overreach in the recovery and identifying issues and issuers that have potential for improvement.2
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
Portfolio Composition (as of March 31, 2010)2
as a percentage of Investments
(PIE CHART)
 
2   Portfolio Composition is subject to change

9


 

HIGH INCOME FUND
Growth of $10,000 Investment (as of March 31, 2010)
(GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/31/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the Barclays Capital U.S. Corporate High Yield Bond Index, which covers the U.S. dollar-denominated, non-investment grade, fixed-rate, taxable corporate bond market. Securities are classified as high yield if the middle rating of Moody’s, Fitch, and S&P is Ba1/BB+/BB+ or below. The index excludes Emerging Markets debt. The index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.
                                                         
                    Average Annual Total Returns as of 3/31/10
                                                    Since
High Income Fund       Inception Date   1 Year1   3 Year   5 Year   10 Year   Inception
 
A Shares
 
without sales charge
    10/27/03       58.07 %     6.87 %     8.37 %     N/A       8.67 %
       
with sales charge*
            50.66 %     5.14 %     7.31 %     N/A       7.85 %
R Shares^
 
 
    05/04/94       57.86 %     6.30 %     7.75 %     7.20 %     5.67 %
I Shares
 
 
    10/03/01       58.65 %     7.20 %     8.70 %     N/A       9.03 %
       
 
                                            8.14 %3
Barclays Capital U.S. Corporate High Yield Bond Index             56.18 %     6.65 %     7.78 %     7.45 %     7.54 %3
       
 
                                            9.33 %3
         
Prospectus Expense Ratio2   Gross
 
A Shares
    1.07 %
R Shares
    1.52 %
I Shares
    0.77 %
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Share performance reflects the maximum front-end sales charge of 4.75%.
 
^   Effective at the close of business on 7/31/09, C Shares converted to R Shares and C Shares are no longer available for purchase. The performance shown prior to such date is based on the performance of the C Shares of the Fund and has not been adjusted to reflect R Share expenses.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the fi nancial highlights.
 
3   The Since Inception total returns for the Barclays Capital U.S. Corporate High Yield Bond Index are from 10/27/03, 4/30/94, 10/03/01, respectively.

10


 

INTERMEDIATE BOND FUND
Portfolio Managers
  James F. Keegan
  Adrien Webb, CFA
  Perry Troisi
  Michael Rieger
  Seth Antiles, Ph.D
Investment Concerns
Mutual fund investing involves risk, including possible loss of principal. Bond funds will tend to experience smaller fluctuations in value than stock funds. However, investors in any bond fund should anticipate fluctuations in price, especially for longer-term issues and in environments of rising interest rates.
Mortgage-backed investments involve risk of loss due to prepayments and, like any bond, due to default. Because of the sensitivity of mortgage-related securities to changes in interest rates, the Fund’s performance may be more volatile than if it did not hold these securities.
Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
The Intermediate Bond Fund moderately lagged its benchmark, the Barclays Capital Intermediate U.S. Government/Credit Bond Index for the 12-month period ended March 31, 2010 with a return of 6.08% (I Shares) versus 6.92% for the index.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
We continue to focus our concentration on industrials (with emphasis on metals, mining and cable) and utilities (where regulated pipelines are favored) as we hold about twice the weight of the index. We increased our allocation to financials but continue to be reserved in our outlook on the industry. We are maintaining a cautious eye as spreads tighten, but we believe our focus on bottom-up security selection could provide potential to help insulate the Fund from major credit deterioration.1
Solid performance for the past year was accomplished by maintaining our bottom-up focus, and generating results with lower volatility. Our two most significant over-weights, Corporates and AAA-rated Collateralized Mortgage Backed Securities (“CMBS”) have tightened considerably.1
Our allocation to High Yield was particularly effective in the first quarter of 2010. With our high-quality style generating better than 4% returns for the quarter, the opportunistic use of this asset class provided excess return.1
How do you plan to position the Fund, based on market conditions?
Risk assets continued to outperform early in 2010, lifted by consistent cash inflows to bond funds of all types and a March rally that fed off a robust stock market. Credit in the High-Grade sector performed well and CMBS was the star in the securitized sectors. Treasury returns were less than most investment-grade spread sectors, but were still positive as rates edged lower across most of the yield curve. Equities continue to project a “glass half full” approach and rally, but global issues like the European debt crisis, or domestic issues like record foreclosure filings, will continue to remind us that the recovery is fragile at best. We are navigating a recovery that is likely to be different from recent rebounds.1
While we are on the road to recovery, growth is unlikely to return to the economy’s full potential. The consumer remains the most critical element to domestic growth, but consumer debt remains historically high. Spending has improved off the lows of this cycle, but only at the expense of savings. Unemployment remains stubbornly high; housing prices will remain under pressure given the depth of the foreclosure pipeline, and most of the Government’s stimulus programs will conclude as we move into the second half of 2010. After the modest inventory cycle response and the end of the various stimulus programs, it is difficult to see forces that can make this recovery more organic and sustainable going forward. Healthy corporate issuance has continued in 2010 but deals have not been nearly as attractive as last year.
Portfolio Composition (as of March 31, 2010)1
as a percentage of Investments
(PIE CHART)
 
1   Portfolio Composition is subject to change

11


 

INTERMEDIATE BOND FUND
Growth of $10,000 Investment (as of March 31, 2010)
(GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/31/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the Barclays Capital Intermediate U.S. Government/Credit Bond Index, which measures the performance of U.S. dollar-denominated U.S. Treasuries, government-related (the U.S. and foreign agencies, sovereign, supranational and local authority debt), and investment-grade credit securities that have a remaining maturity of greater than or equal to 1 year and less than 10 years, and have $250 million or more of outstanding face value. In addition, the securities must be fixed rate and non-convertible securities. The index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.
                                                 
                    Average Annual Total Returns as of 3/31/10
            Inception                
Intermediate Bond Fund       Date   1 Year   3 Year   5 Year   10 Year
 
A Shares
 
without sales charge
    06/30/99       5.83 %     6.91 %     5.53 %     5.65 %
       
with sales charge*
            0.82 %     5.18 %     4.51 %     5.14 %
R Shares
 
 
    06/30/99       5.47 %     6.37 %     4.93 %     5.33 %
I Shares
 
 
    06/30/99       6.08 %     7.15 %     5.82 %     5.81 %
Barclays Capital Intermediate U.S. Government/Credit Bond Index             6.92 %     5.88 %     5.16 %     5.93 %
         
Prospectus Expense Ratio1   Gross
 
A Shares
    0.57 %
R Shares
    1.07 %
I Shares
    0.32 %
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Share performance reflects the maximum front-end sales charge of 4.75%.
 
  A Shares and R Shares were offered beginning on 10/11/04. The performance shown prior to 10/11/04 for A Shares and R Shares is based on the performance of the Class I Shares of the Seix Intermediate Bond Fund, an open-end investment company that was the predecessor fund to the Intermediate Bond Fund and performance is based on the performance of I Shares. During the period 10/16/07 through 1/17/08, R Shares did not have any shareholders. Historical performance based on the predecessor fund or on the I Shares has not been adjusted to reflect A Share or R Share expenses. If it had been, the performance would have been lower.
 
1   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.

12


 

INVESTMENT GRADE BOND FUND
Portfolio Managers
  James F. Keegan
  Adrien Webb, CFA
  Perry Troisi
  Michael Rieger
  Seth Antiles, Ph.D
Investment Concerns
Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.
The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.
Mortgage-backed investments involve risk of loss due to prepayments and, like any bond, due to default. Because of the sensitivity of mortgage-related securities to changes in interest rates, the Fund’s performance may be more volatile than if it did not hold these securities.
Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
The Investment Grade Bond Fund solidly outperformed its benchmark, the Barclays Capital U.S. Government/Credit Bond Index for the 12 month period ended March 31, 2010 with a return of 8.26% (I Shares) versus 7.51% for the index.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
We continue to focus our concentration on industrials (with emphasis on metals, mining and cable) and Utilities (where regulated pipelines are favored) as we hold about twice the weight of the index. We increased our allocation to financials but continue to be reserved in our outlook on the industry. We are maintaining a cautious eye as spreads tighten but believe our focus on bottom-up security selection could provide potential to keep the Fund insulated from any major credit deterioration.1
Solid performance for the past year was accomplished by maintaining our bottom-up focus and generating results with lower volatility. Our two most significant over-weights, Corporates and AAA-rated Collateralized Mortgage Backed Securities (“CMBS”) have tightened considerably.1
Our allocation to High Yield was particularly effective in the first quarter of 2010. With our high-quality style generating better than 4% returns for the quarter, the opportunistic use of this asset class provided excess return.1
How do you plan to position the Fund, based on market conditions?
Risk assets continued to outperform early in 2010, lifted by consistent cash inflows to bond funds of all types and a March rally that fed off a robust stock market. Credit in the High-Grade sector performed well and CMBS was the star in the securitized sectors. Treasury returns were less than most investment-grade spread sectors but were still positive as rates edged lower across most of the yield curve. Equities continue to project a “glass half full” approach and rally, but global issues like the European debt crisis, or domestic issues like record foreclosure filings, will continue to remind us that the recovery is fragile at best. We are navigating a recovery that is likely to be different from recent rebounds.1
While we are on the road to recovery, growth is unlikely to return to the economy’s full potential. The consumer remains the most critical element to domestic growth, but consumer debt remains historically high. Spending has improved off the lows of this cycle, but only at the expense of savings. Unemployment remains stubbornly high, housing prices will remain under pressure given the depth of the foreclosure pipeline, and most of the Government’s stimulus programs will be concluded as we move into the second half of 2010. After the modest inventory cycle response and the end of the various stimulus programs, it is difficult to see forces that can make this recovery more organic and sustainable going forward. Healthy corporate issuance has continued in 2010, but deals have not been nearly as attractive as last year.
Portfolio Composition (as of March 31, 2010)1
as a percentage of Investments
(PIE CHART)
 
1   Portfolio Composition is subject to change

13


 

INVESTMENT GRADE BOND FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/31/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the Barclays Capital U.S. Government/Credit Bond Index, which is the non-securitized component of the Barclays Capital U.S. Aggregate Index and includes Treasury (i.e., public obligations of the U.S. Treasury that have remaining maturities of more than one year), Government-authority issues (i.e., agency, sovereign, supranational, and local authority debt), and corporates. The index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.
                                 
    Average Annual Total Returns as of 3/31/10
Investment Grade Bond Fund   1 Year   3 Year   5 Year   10 Year
A Shares       without sales charge
    7.91 %     7.17 %     5.92 %     5.54 %
                   with sales charge*
    2.74 %     5.46 %     4.90 %     5.03 %
R Shares^
    7.54 %     6.52 %     5.25 %     4.94 %
I Shares
    8.26 %     7.50 %     6.23 %     5.91 %
Barclays Capital U.S. Government/ Credit Bond Index
    7.51 %     5.84 %     5.17 %     6.22 %
         
Prospectus Expense Ratio1   Gross
A Shares
    0.87 %
R Shares
    1.32 %
I Shares
    0.57 %
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Share performance reflects the maximum front-end sales charge of 4.75%.
 
^   Effective at the close of business on 7/31/09, C Shares converted to R Shares and C Shares are no longer available for purchase. The performance shown prior to such date is based on the performance of the C Shares of the Fund and has not been adjusted to reflect R Shares expenses.
 
1   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.

14


 

INVESTMENT GRADE TAX-EXEMPT BOND FUND
Portfolio Manager
  Ronald Schwartz, CFA
Investment Concerns
Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.
The Fund’s income may be subject to certain state and local taxes and, depending on your tax status, the federal alternative minimum tax.
The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.
Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
For the 12-month period ended March 31, 2010, the Investment Grade Tax-Exempt Bond Fund returned 8.15% (I Shares), outperforming the Barclays Capital Municipal Bond 1-15 Year Blend Index, which returned 6.63% for the period, but underperforming its peer group, the Lipper Intermediate Municipal Debt Funds Average1, which returned 8.34% for the period. Lesser-quality and longer-maturity bonds provided the best returns over the period, as represented in the Barclays Capital BAA Municipal Bond Index2, which returned 20.37% and the Barclays Capital Municipal Long Bond Index3, which returned 17.35%.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
Curve placement and quality continue to detract from performance for the Fund versus its peers. The Fund has only a 0.19% exposure to BBB paper and less than 20% allocated to maturities greater than 20 years, while the benchmark does not extend beyond 17 years. For the majority of the period, the Fund maintained a duration that was shorter than the Lipper Peer group, but longer than the benchmark. Intermediate- to long-term bonds outperformed short-term bonds as the curve flattened. Lesser-quality bonds outperformed as credit spreads narrowed.4
How do you plan to position the Fund, based on market conditions?
We expect to maintain the high-credit quality bias of portfolios and neutral duration targets. We would anticipate extending out the curve into longer maturities as the curve has flattened over the last year from 384 basis points (3.84%) to 338 basis points (3.38%).4
 
1   The Lipper Intermediate Municipal Debt Funds Average is an average of managed mutual funds that invest in municipal debt issues with dollar-weighted average maturities of five- to ten-years.
 
2   Barclays Capital BAA Municipal Bond Index is a subset of the Barclays Capital U.S. Municipal Bond Index with an index rating of Baa1, Baa2, or Baa3. The Barclays Capital U.S. Municipal Bond Index is a rules-based, market-value weighted index engineered for the long-term, tax-exempt bond market.
 
3   Barclays Capital Municipal Long Bond Index is a sub-index (consisting of bonds with maturities of at least 22 years) of the Barclays Capital Municipal Bonds Index, a broad-based, total return index comprised of investment grade, fixed rate municipal bonds selected from issues larger than $50 million issued since January 1991.
Portfolio Composition (as of March 31, 2010)4
as a percentage of Investments
(PIE CHART)
 
4   Portfolio Composition is subject to change

15


 

INVESTMENT GRADE TAX-EXEMPT BOND FUND
Growth of $10,000 Investment (as of March 31, 2010)
(PERFORMANCE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/31/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Barclays Capital Municipal Bond 1-15 Year Blend Index is composed of tax-exempt bonds with maturities ranging between 1-16 years. The index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.
                                 
    Average Annual Total Returns as of 3/31/10
Investment Grade                
Tax-Exempt Bond Fund   1 Year   3 Year   5 Year   10 Year
A Shares      without sales charge
    7.82 %     5.33 %     4.55 %     5.16 %
                  with sales charge*
    2.69 %     3.64 %     3.54 %     4.65 %
I Shares
    8.15 %     5.65 %     4.87 %     5.54 %
Barclays Capital Municipal Bond 1-15 Year Blend Index
    6.63 %     5.28 %     4.73 %     5.30 %
         
Prospectus Expense Ratio1   Gross
A Shares
    0.91 %
I Shares
    0.61 %
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Share performance reflects the maximum front-end sales charge of 4.75%.
 
1   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.

16


 

LIMITED DURATION FUND
Portfolio Managers
  Perry Troisi
  Adrien Webb, CFA
  James F. Keegan
  Michael Rieger
  Seth Antiles, Ph.D
Investment Concerns
Mutual fund investing involves risk, including possible loss of principal. Bond funds will tend to experience smaller fluctuations in value than stock funds. However, investors in any bond fund should anticipate fluctuations in price, especially for longer-term issues and in environments of rising interest rates.
Mortgage-backed investments involve risk of loss due to prepayments and, like any bond, due to default. Because of the sensitivity of mortgage-related securities to changes in interest rates, the Fund’s performance may be more volatile than if it did not hold these securities.
Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
The Limited Duration Fund outperformed its benchmark, the BofA Merrill Lynch 3 Month U.S. Treasury Bill Index, returning 2.69% (I Shares) versus 0.17% for the index for the 12-month period ended March 31, 2010.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
We used a number of commercial mortgage backed securities, auto and credit card receivables and agency collateralized mortgage obligations (“CMO”), and sold student loan trusts and agency CMOs when spreads became rich.1
How do you plan to position the Fund, based on market conditions?
With the Federal Reserve remaining on hold and short-term interest rates at historic lows, the Fund generated the majority of its return through interest income. By utilizing asset-backed and mortgage-backed securities with attractive spreads, the Fund produces a steady source of income with price preservation as a secondary goal.
Portfolio Composition (as of March 31, 2010)1
as a percentage of Investments
(PIE CHART)
 
1   Portfolio Composition is subject to change

17


 

LIMITED DURATION FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 was made on 10/25/02. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the BofA Merrill Lynch 3 Month U.S. Treasury Bill Index, which tracks the monthly price-only and total return performance of a three-month Treasury bill, based on monthly average auction rates. The index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.
                                         
            Average Annual Total Returns as of 3/31/10
                                    Since
Limited Duration Fund   Inception Date   1 Year   3 Year   5 Year   Inception
I Shares
    10/25/02       2.69 %     1.71 %     2.77 %     2.25 %
BofA Merrill Lynch 3 Month U.S. Treasury Bill Index
            0.17 %     1.99 %     2.91 %     2.41 %*
         
Prospectus Expense Ratio1   Gross
I Shares
    0.27 %
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
  The I Shares were offered beginning on 10/11/04. The performance shown prior to such date is based on the performance of the Seix Limited Duration Fund, an open-end investment company that was the predecessor fund to the Limited Duration Fund.
 
1   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.
 
*   The performance return and the hypothetical $10,000 investment for the BofA Merrill Lynch 3 Month U.S. Treasury Bill Index is for the period from 10/31/02 to 3/31/10.

18


 

LIMITED-TERM FEDERAL MORTGAGE SECURITIES FUND
Portfolio Managers
  James F. Keegan
  Perry Troisi
  Adrien Webb, CFA
  Michael Rieger
  Seth Antiles, Ph.D
Investment Concerns
Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.
U.S. Government guarantees apply only to the underlying securities of the Fund’s portfolio and not the Fund’s shares.
The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.
Mortgage-backed investments involve risk of loss due to prepayments and, like any bond, due to default. Because of the sensitivity of mortgage-related securities to changes in interest rates, the Fund’s performance may be more volatile than if it did not hold these securities.
Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
For the 12-month period ended March 31, 2010, the Limited-Term Federal Mortgage Securities Fund had a total return of 5.41% (I Shares), outperforming its benchmark, the Barclays Capital U.S. Mortgage Backed Securities Index, which had a total return of 5.21%.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
Late in 2009, we made a decision to begin reducing our residential mortgage holdings as the Federal Reserve (the “Fed”) neared the completion of its housing stimulus program. We further underweighted agency guaranteed mortgages this quarter as we were concerned spreads would widen once the Fed exited. We found sound Collateralized Mortgage Backed Securities (“CMBS”) deals resulting in an increased opportunistic allocation in the securitized market that is providing a healthy yield advantage. The Fund primarily holds loans that are seasoned maturities, and coupons that are less susceptible to extension risk.1
How do you plan to position the Fund, based on market conditions?
Risk assets continued to outperform early in 2010, lifted by consistent cash inflows to bond funds of all types and a March rally that fed off a robust stock market. CMBS was the star in the securitized sectors. Treasury returns were less than most investment-grade spread sectors, but were still positive as rates edged lower across most of the yield curve.
Given the expiration of the homebuyer tax credit and the end of the Government housing stimulus program, mortgage creation should slow. We believe it is unlikely that mortgage spreads can return to their recent lows. We will look for valuations that are more attractive before we add exposure to agency pass-throughs.1
In CMBS, our time and effort is spent on diligent structure analysis as we identify high return, low risk candidates. Now that more of the weaker underwritten paper has aged, our analysts and their models are able to better assess the characteristics and performance of each individual loan within a security. This has enabled us to find sound deals that may have been initially issued in less than stellar vintages.
Portfolio Composition (as of March 31, 2010)1
as a percentage of Investments
(PIE CHART)
 
1   Portfolio Composition is subject to change

19


 

LIMITED-TERM FEDERAL MORTGAGE SECURITIES FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/31/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the Barclays Capital U.S. Mortgage Backed Securities Index, which covers agency mortgage-backed pass-through securities (both fixed-rate and hybrid ARM) issued by Ginnie Mae (GNMA), Fannie Mae (FNMA), and Freddie Mac (FHLMC). The index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.
                                 
    Average Annual Total Returns as of 3/31/10
Limited-Term Federal Mortgage                
Securities Fund   1 Year   3 Year   5 Year   10 Year
A Shares            without sales charge
    5.21 %     5.79 %     4.85 %     4.85 %
with sales charge*
    2.58 %     4.91 %     4.32 %     4.59 %
C Shares            without CDSC
    4.36 %     4.94 %     4.02 %     4.27 %
with CDSC*
    3.36 %     4.94 %     4.02 %     4.27 %
I Shares
    5.41 %     5.99 %     5.05 %     5.10 %
Barclays Capital U.S. Mortgage Backed Securities Index
    5.21 %     7.03 %     6.13 %     6.47 %
         
Prospectus Expense Ratio1   Gross
A Shares
    0.85 %
C Shares
    1.65 %
I Shares
    0.65 %
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Share performance reflects the maximum front-end sales charge of 2.50% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.
 
1   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.

20


 

MARYLAND MUNICIPAL BOND FUND
Portfolio Manager
  George E. Calvert, Jr.
Investment Concerns
Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.
The geographical concentration of portfolio holdings in this fund may involve increased risk.
The Fund’s income may be subject to certain state and local taxes and, depending on your tax status, the federal alternative minimum tax.
The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.
Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
The Maryland Municipal Bond Fund lagged the Lipper Maryland Municipal Debt Funds Average1 and the Barclays Capital U.S. Municipal Bond Index. The Fund returned 8.18% (I Shares) versus 13.88% for the Lipper average and 9.69% for the Barclays index. The highest returns were obtained in the longest part of the curve and in the lower-rated and non-rated components of the market.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
The Fund maintained a shorter duration than the Lipper peer group and the Barclays Capital U.S. Municipal Bond Index for much of this period. This was the primary reason for under-performance as returns increased dramatically with maturity. For example, the Barclays Capital U.S. 20-Year Index2 return was 13.74% compared to 5.91% and 7.72% for the 5-Year and 10-Year indices, respectively. The second factor was that lower-quality bonds outperformed high grades as credit spreads tightened, despite the perception that credit quality would suffer during the recession. The Fund was underweight credit exposure, holding just 16.5% of market value in single A- and BBB-rated bonds, compared to 36% in the Barclays Capital U.S. Municipal Bond Index at March 31. Municipal high-yield returns were more than double the high-grade index returns, so a lack of exposure contributed to lower returns of the Fund compared to the peer group averages.3
How do you plan to position the Fund, based on market conditions?
We will maintain a high-credit quality orientation and diversify as well as possible in a state with a very short list of frequent issuers. Bonds from the state of Maryland and its highly rated local governments are among the lowest yielding in the country, so we also hold Puerto Rico securities, and a small weighting to non-Maryland bonds from time-to-time for additional income and diversification. Duration over the past year ranged from 5.4 to 6.0 and we expect to move towards the top of that range while remaining short-to-neutral to our duration target. Inflationary pressures are negligible despite large Federal deficits. In this context a modest extension when the curve remains very steep, higher personal income tax rates are expected and lower issuance of tax-exempt supply is warranted.3
 
1   The Lipper Maryland Municipal Debt Funds Average is an average of managed mutual funds that limit their assets to those securities that are exempt from taxation in Maryland (double tax-exempt) or city (triple tax-exempt).
 
2   Barclays Capital U.S. 20-Year Index is comprised of over 5,000 securities with a final maturity between 17 and 22 years that are AA3 average quality and an have an average maturity of 19.23 years.
Portfolio Composition (as of March 31, 2010)3
as a percentage of Investments
(PIE CHART)
 
3   Portfolio Composition is subject to change

21


 

MARYLAND MUNICIPAL BOND FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/31/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the Barclays Capital U.S. Municipal Bond Index, which covers the U.S. dollar-denominated long-term tax-exempt bond market. The index has four main sectors: state and local general obligation bonds, revenue bonds, insured bonds, and prerefunded bonds. The index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.
                                 
    Average Annual Total Returns as of 3/31/10
Maryland Municipal Bond Fund   1 Year   3 Year   5 Year   10 Year
A Shares            without sales charge1
    8.08 %     4.61 %     4.42 %     5.04 %
with sales charge*
    2.95 %     2.93 %     3.41 %     4.53 %
I Shares
    8.18 %     4.65 %     4.44 %     5.05 %
Barclays Capital U.S. Municipal Bond Index
    9.69 %     4.56 %     4.58 %     5.58 %
         
Prospectus Expense Ratio2   Gross
A Shares
    0.81 %
I Shares
    0.66 %
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Shares performance reflects the maximum front-end sales charge of 4.75%.
 
1   Prior to August 1, 2009, there were no assets in Class A Shares. The performance shown prior to such date is based on the performance of the I Shares of the Fund and has not been adjusted to reflect A Shares expenses. If it had been, performance would have been lower.
 
2   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.

22


 

NORTH CAROLINA TAX-EXEMPT BOND FUND
Portfolio Manager
  Chris Carter, CFA
Investment Concerns
Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.
The geographical concentration of portfolio holdings in this Fund may involve increased risk.
The Fund’s income may be subject to certain state and local taxes and, depending on your tax status, the federal alternative minimum tax.
The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.
Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
For the 12-month period ended March 31, 2010, the North Carolina Tax-Exempt Bond Fund had a total return of 8.53% (I Shares) versus a total return of 13.94% for the Lipper North Carolina Municipal Debt Funds Average1 and a 9.69% total return for the Barclays Capital U.S. Municipal Bond Index. Total returns generally increased as you progressed out the maturity spectrum during the period, with the long-term bond sector (22+ years to maturity) providing the greatest total return (according to Barclays Capital). As of March 31, 2010, relative to the Index, the Fund maintained an overweight of less than one-year, 20-year, and 22-year and longer-term paper. Additionally, relative to the index the Fund maintained a high allocation to securities rated AAA and A and a lower allocation to securities in the AA and BAA rating categories. Trading activity and portfolio events during the period resulted in exposure to the three-year, 20-year, and long-term bond sectors being increased. Over the 12 months, the five-, 10-, and 30-year generic AAA-rated municipal bond yields declined 30, 7, and 64 basis points (0.30%), (0.70%) and (0.64%), respectively. The two-year to 30-year municipal bond yield curve flattened 46 basis points (0.46%) to 338 basis points (3.38%) of slope.3
What factors influenced the Fund’s performance for the period ended March 31, 2010?
The main factor behind the Fund’s underperformance was its continued overweight of higher-quality securities. Long-term bonds and lower-quality paper were oversold at the end of 2008, which set the stage for the powerful rally in 2009. Credit spreads continue to tighten in 2010. Specifically, the Barclays Capital BAA Municipal Bond Index2 returned 20.37% for the period, while the AA and AAA indices returned 8.28% and 5.93%, respectively.3
How do you plan to position the Fund, based on market conditions?
The Fund continues to favor premium bonds (prices greater than par) for their income benefit and relative price stability. We believe all activity will occur within an investment-grade construct and the average credit quality of Fund holdings should remain high relative to its peers. We will continue to make tactical adjustments to the Fund, periodically, as a part of an active portfolio management process. We believe that the Fund is currently well positioned for further flattening of the yield curve, which we anticipate.3
 
1   The Lipper North Carolina Municipal Debt Funds Average is an average of managed mutual funds that limit their assets to those securities that are exempt from taxation in North Carolina (double tax exempt) or city (triple tax exempt).
 
2   Barclays Capital BAA Municipal Bond Index is a subset of the Barclays Capital U.S. Municipal Bond Index with an index rating of Baa1, Baa2, or Baa3. The Barclays Capital U.S. Municipal Bond Index is a rules-based, market-value weighted index engineered for the long-term, tax-exempt bond market.
Portfolio Composition (as of March 31, 2010)3
as a percentage of Investments
(PIE CHART)
 
3   Portfolio Composition is subject to change

23


 

NORTH CAROLINA TAX-EXEMPT BOND FUND
Growth of $10,000 Investment (as of March 31, 2010)1
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 1/8/04. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the Barclays Capital U.S. Municipal Bond Index, which covers the U.S. dollar-denominated long-term tax-exempt bond market. The index has four main sectors: state and local general obligation bonds, revenue bonds, insured bonds, and prerefunded bonds. The index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.
                                         
            Average Annual Total Returns as of 3/31/10
North Carolina                                   Since
Tax-Exempt Bond Fund   Inception Date   1 Year   3 Year   5 Year   Inception
 
A Shares            without sales charge
    01/08/04       8.28 %     3.65 %     3.97 %     3.57 %
with sales charge*
            3.13 %     1.99 %     2.96 %     2.76 %
I Shares
    01/08/04       8.53 %     3.83 %     4.03 %     3.62 %
Barclays Capital U.S. Municipal Bond Index
            9.69 %     4.56 %     4.58 %     4.37 %1
 
                                       
Prospectus Expense Ratio2
                                  Gross
 
A Shares
                                    0.77 %
I Shares
                                    0.62 %
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Share performance reflects the maximum front-end sales charge of 4.75% .
 
  The I Shares and A Shares were offered beginning on 3/21/05. The performance shown prior to such date is based on the performance of the CCMI Tax-Exempt North Carolina Bond Fund, the predecessor fund. The historical performance has not been adjusted to reflect A Share expenses. If it had been, the performance would have been lower.
 
1   The performance return and the hypothetical $10,000 investment for the Barclays Capital U.S. Municipal Bond Index is for the period from 12/31/03 to 3/31/10.
 
2   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.

24


 

SEIX FLOATING RATE HIGH INCOME FUND
Portfolio Managers
  George Goudelias
 
  Michael McEachern, CFA
Investment Concerns
Mutual fund investing involves risk, including possible loss of principal. Bond funds will tend to experience smaller fluctuations in value than stock funds. However, investors in any bond fund should anticipate fluctuations in price, especially for longer-term issues and in environments of rising interest rates.
Although the Fund’s yield may be higher than that of fixed income funds that purchase higher-rated securities, the potentially higher yield is a function of the greater risk that the Fund’s share price will decline.
Floating rate loans are typically senior and secured, in contrast to other below-investment grade securities. However, there is no guarantee that the value of the collateral will not decline, causing a loan to be substantially unsecured. Loans generally are subject to restrictions on resale, and they sometimes trade infrequently in the secondary market. Certain types of loans may limit the ability of the Fund to enforce its rights and may involve assuming additional credit risks.
Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
The Seix Floating Rate High Income Fund outperformed its current benchmark, the CSFB Institutional Leveraged Loan Index, for the 12-month period ended March 31, 2010 with a return of 26.68%1 (I Shares) versus 13.23%.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
With the healthy new issue market, we have been searching for opportunities to add value through our bottom-up research process. We established positions in new technology and gaming issues. We increased our allocation to previously distressed Finance issuers that are focused on rebuilding their balance sheets. We are also mindful that merger and acquisition activity by investment-grade issuers could be on the rise later this year, which could be positive for individual high-yield companies. Consequently, we increased exposure to certain issuers that are good credits on their own, but could also be identified as attractive takeover candidates.2
Despite uncertainty about the staying power of the economic recovery, Bank Loan returns were very strong for the last 12 months. The Fund outperformed the index because of its allocation to loans priced under 90, which rebounded strongly, but are excluded from the benchmark. Given the current economic and market environments, High Yield, including Bank Loans, remains a favored sector for investors seeking more attractive yields than investment-grade bonds and less volatility than equities.2
How do you plan to position the Fund, based on market conditions?
Over the past year, credit—both high-yield and investment-grade—has been the favored asset class of investors because it offered attractive upside potential without the volatility of equities. Demand for high yield has been very strong and this enabled issuers to refinance and extend bonds and loans that were scheduled to mature in the next few years. Most of the new issuance occurred in bonds, with the proceeds used to pay down earlier maturing, more senior loans. As a result, the universe of bank loans is shrinking. At the end of the quarter, the outstanding pool of institutional loans was 3.5% smaller than fiscal year-end 2009 and 14.5% smaller than at the peak reading in November 2008.2
Because there are still questions about how robust the recovery will be, companies have been restrained about borrowing to make acquisitions, pay dividends or buy back stock. As a result of these positive fundamental and technical factors, along with the departure of the weakest players, because of default, the overall quality of the Bank Loan universe, as measured by the upgrade/ downgrade ratio, is improving. We will continue our bottom-up focus and look for opportunities to sell positions that reach their performance target, and rotate into loans with higher potential returns.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
Portfolio Composition (as of March 31, 2010)2
as a percentage of Investments
(PIE CHART)
 
2   Portfolio Composition is subject to change

25


 

SEIX FLOATING RATE HIGH INCOME FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/1/06. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
Effective January 31, 2010, the Fund transitioned its benchmark from the Credit Suisse First Boston (“CSFB”) Leveraged Loan Index to the CSFB Institutional Leveraged Loan Index. The CSFB Leveraged Loan Index is a market value-weighted index designed to represent the investable universe of the USD-denominated leveraged loan market. The index reflects reinvestment of all distributions and changes and market prices. CSFB Institutional Leveraged Loan Index is a subindex of the CSFB Leveraged Loan Index which contains only institutional loan facilities priced above 90, excluding TL and TLA facilities and loans rated CC, C or in default. It is designed to more closely reflect the investment criteria of institutional investments. The indices are unmanaged and do not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.
                                 
            Average Annual Total Returns as of 3/31/10
                            Since
Seix Floating Rate High Income Fund   Inception Date   1 Year1   3 Year   Inception
 
A Shares            without sales charge
    03/01/06       26.11 %     2.12 %     3.32 %
with sales charge*
            22.94 %     1.25 %     2.67 %
C Shares            without CDSC
    03/01/06       25.59 %     1.61 %     2.99 %
with CDSC*
            24.59 %     1.61 %     2.99 %
I Shares
    03/01/06       26.68 %     2.47 %     3.63 %
CSFB Institutional Leveraged Loan Index
            13.23 %     -0.85 %     1.33 %**
CSFB Leveraged Loan Index
            41.05 %     2.44 %     3.74 %**
 
                               
Prospectus Expense Ratio2
                          Gross
 
A Shares
                            0.83 %
C Shares
                            1.53 %
I Shares
                            0.53 %
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Share performance reflects the maximum front-end sales charge of 2.50% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.
 
  The A Shares and C Shares were offered beginning on 5/8/06 and 8/2/07, respectively. The performance shown prior to such dates is based on the performance of the I Shares of the Fund, and has not been adjusted to reflect A Share or C Share expenses. If it had been, the performance would have been lower.
 
1   The relatively high one year performance occurred in unusual market conditions one there is no assurance that this will happen in the future.
 
2   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the fi nancial highlights.
 
**   The performance return and the hypothetical $10,000 investment for the CSFB Leveraged Loan Index and the CSFB Institutional Leveraged Loan Index is for the period from 2/28/06 to 3/31/10.

26


 

SEIX GLOBAL STRATEGY FUND
Portfolio Managers
  Adrien Webb, CFA
 
  James F. Keegan
 
  Seth Antiles, Ph.D
Investment Concerns
Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.
The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.
Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.
To implement its investment strategy, the Fund will enter into foreign currency forward contracts and will buy or sell derivative instruments (such as credit linked notes, futures, options, inverse floaters, swaps, including credit default swaps and warrants) to use as a substitute for a purchase or sale of a position in the underlying assets and/or as part of a strategy designed to reduce exposure to other risks such as volatility and potential loss.
Foreign securities involve special risks such as currency fluctuations, economic or financial instability, lack of timely or reliable financial information and unfavorable political or legal developments. These risks are increased for investments in emerging markets. Changes in foreign currency exchange rates will affect the value of what the Fund owns and the price of the Fund’s shares. Generally, when the U.S. dollar rises in value against a foreign currency, an investment in that country loses value because that currency by a country’s government or banking authority, or as a result of political, social or economic events, also will have a significant impact on the value of any investments denominated in that currency.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
For the 12-month period ended March 31, 2010, the Seix Global Strategy Fund lagged its benchmark, the J.P. Morgan Emerging Markets Bond + Index, with a total return of 1.38% (I Shares) versus 27.30% for the index.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
Risk assets rallied significantly from March through the end of the year. We had the view that sovereign risk premiums would rise due to growing fiscal deficits, particularly in Europe and Japan. We held long dollar positions against the various currencies, and held positions posting negative views on the debt of several European countries and the Emerging Markets. We have also held interest rate views on the yield curves of various developed nations.1
How do you plan to position the Fund, based on market conditions?
This year our view remains much the same as it did last year, and asset prices have moved in the direction of our view. We maintain long dollar positions and we continue to position for sovereign difficulties to spread throughout the world. We expect contagion from the European sovereign crisis to reach emerging markets. While we are on the road to recovery in the U.S. and in many emerging market countries, growth is unlikely to return to the economy’s full potential. The consumer remains the most critical element to domestic growth, but consumer debt remains historically high. Spending has improved off the lows of this cycle, but only at the expense of savings. Unemployment remains stubbornly high; housing prices will remain under pressure given the depth of the foreclosure pipeline, and most of the Government’s stimulus programs will conclude as we move into the second half of 2010. After the modest inventory cycle response, and the end of the various stimulus programs, it is difficult to see forces that can make this recovery more organic and sustainable going forward. We expect sovereign debt problems to persist in Europe, which may lead to widening risk premiums and continue to keep the euro lower against the dollar.
Portfolio Composition (as of March 31, 2010)1
as a percentage of Investments
(PIE CHART)
 
1   Portfolio Composition is subject to change

27


 

SEIX GLOBAL STRATEGY FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 9/8/08. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the J.P. Morgan Emerging Markets Bond+ Index (“EMBI+”) tracks total returns for U.S. dollar-denominated debt instruments of the Emerging Markets, Brady bonds, loans Eurobonds. The EMBI+ currently covers 103 instruments across 15 countries. The index is unmanaged and does not reflect the deduction of fees associated with a mutual fund, such as investment management and fund accounting fees. Investors cannot invest directly in an index.
                         
            Average Annual
            Total Returns as of 3/31/10
                    Since
Seix Global Strategy Fund   Inception Date   1 Year   Inception
 
I Shares
    09/08/08       1.38 %     4.52 %
J.P. Morgan Emerging Markets Bond+ Index
            27.30 %     9.78 %*
 
                       
Prospectus Expense Ratio1
                  Gross
 
I Shares
                    1.46 %
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
1   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the fi nancial highlights.
 
*   The performance return and the hypothetical $10,000 investment for the J.P. Morgan Emerging Markets Bond+ Index is for the period from 8/31/08 to 3/31/10.

28


 

SEIX HIGH YIELD FUND
Portfolio Managers
  Michael McEachern, CFA
 
  Michael Kirkpatrick
 
  Brian Nold, M.D.
Investment Concerns
Mutual fund investing involves risk, including possible loss of principal. Bond funds will tend to experience smaller fluctuations in value than stock funds. However, investors in any bond fund should anticipate fluctuations in price, especially for longer-term issues and in environments of rising interest rates.
Although the Fund’s yield may be higher than that of fixed income funds that purchase higher-rated securities, the potentially higher yield is a function of the greater risk that the Fund’s share price will decline.
Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
The Seix High Yield Fund lagged its benchmark, the BofA Merrill Lynch BB-B U.S. High Yield Constrained Index with a return of 32.91%1 (I Shares) versus the index return of 43.12% for the 12-month period ended March 31, 2010.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
Given the positive fundamental and technical trends, we continue to look for opportunities to rotate out of bonds that have reached their performance target into securities with better upside. We reduced exposure to the largest hospital operators because the sector was trading at full value. Certain transportation issuers had recovered from the depressed levels of last year and the market now recognizes their improved position. We also diversified exposure in auto finance.2
With the healthy new issue market, we have been searching for opportunities to add value through our bottom-up research process. We increased our allocation to previously distressed Finance issuers that are focused on rebuilding their balance sheets as well as defaulted Industrial issuers that we expect will exit bankruptcy later in 2010. We are also mindful that merger and acquisition activity by investment-grade issuers could be on the rise later this year, which could be positive for individual high-yield companies. Consequently, we increased exposure to certain issuers that are good credits on their own, but could also be identified as attractive takeover candidates.2
Despite uncertainty about the staying power of the economic recovery, high-yield returns were strong over the past 12 months. The Fund’s robust return was the result of its security overweighting in CCC-rated and finance and autos. Given the current economic and market environments, High Yield remains a favored sector for investors seeking more attractive yields than investment-grade bonds and less volatility than equities.2
How do you plan to position the Fund, based on market conditions?
Over the past year, credit—both high yield and investment grade—has been the favored asset class of investors because it offered attractive upside potential without the volatility of equities. Demand for high yield has been very strong and this enabled issuers to refinance and extend bonds and loans that were scheduled to mature in the next few years. Companies took advantage of robust demand and issued a record amount of high-yield bonds in the first quarter—one-half the previous peak annual level in only three months. Because there are still questions about how robust the recovery will be, companies have been restrained about borrowing to make acquisitions, pay dividends or buy back stock. As a result of these positive fundamental and technical factors, along with the departure of the weakest players due to default, the overall quality of the high-yield universe, as measured by the upgrade/downgrade ratio, is improving.
In the near term, we expect that these positive conditions will persist, and so we will concentrate on adding value through security selection. Our bottom-up focus will be crucial in avoiding the downside if certain companies start to overreach in the recovery and identifying issues and issuers that have potential for improvement.2
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
Portfolio Composition (as of March 31, 2010)2
as a percentage of Investments
(PIE CHART)
 
2   Portfolio Composition is subject to change

29


 

SEIX HIGH YIELD FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 12/29/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the BofA Merrill Lynch BB-B U.S. High Yield Constrained Index, which tracks the performance of BB1 through B3 USD-denominated corporate bonds publicly issued in the U.S. domestic market and is restricted to a maximum of 2% per issuer. This index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.
                                         
            Average Annual Total Returns as of 3/31/10
                                    Since
Seix High Yield Fund   Inception Date   1 Year1   3 Year   5 Year   Inception
 
A Shares            without sales charge
    12/29/00       32.81 %     3.95 %     5.12 %     6.89 %
with sales charge*
            26.47 %     2.27 %     4.11 %     6.33 %
R Shares^
    12/29/00       31.92 %     3.09 %     4.25 %     6.48 %
I Shares
    12/29/00       32.91 %     4.02 %     5.20 %     7.05 %
BofA Merrill Lynch BB-B U.S. High Yield Constrained Index
            43.12 %     5.52 %     6.63 %     7.55 %**
 
                                       
Prospectus Expense Ratio2
                                  Gross
 
A Shares
                                    0.77 %
R Shares
                                    1.27 %
I Shares
                                    0.52 %
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Share performance reflects the maximum front-end sales charge of 4.75%.
 
^   Effective at the close of business on 7/31/09, C Shares converted to R Shares and C Shares are no longer available for purchase. The performance shown prior to such date is based on the performance of the C Shares of the Fund and has not been adjusted to reflect R Share expenses.
 
  The I Shares, A Shares and R Shares were offered beginning on 10/11/04. The performance shown prior to such date is based on the performance of the Class I Shares of the Seix High Yield Fund, an open-end investment company that was the predecessor fund to the Seix High Yield Fund. The historical performance has not been adjusted to reflect A Share or R Share expenses. If it had been, the performance would have been lower.
 
1   The relatively high one year performance occurred in unusual market conditions and there is no assurance that this will happen in the future.
 
2   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.
 
**   The performance return and the hypothetical $10,000 investment for the BofA Merrill Lynch U.S. High Yield BB/B Rated Constrained Index is for the period from 12/31/00 to 3/31/10.

30


 

SHORT-TERM BOND FUND
Portfolio Managers
  H. Rick Nelson
 
  Robert W. Corner
 
  Chad K. Stephens
Investment Concerns
Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.
The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.
Mortgage-backed investments involve risk of loss due to prepayments and, like any bond, due to default. Because of the sensitivity of mortgage-related securities to changes in interest rates, the Fund’s performance may be more volatile than if it did not hold these securities.
Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
The Short-Term Bond Fund returned 9.26% (I Shares) for the 12-month period ended March 31, 2010. The Fund outperformed its benchmarks, the Barclays Capital 1-3 Year Government/Credit Index, and the Citigroup 1-3 Year Government/Credit Index, which returned 4.15% and 4.04%, respectively.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
The Fund’s excess return was primarily driven by sector allocation; the Fund maintained an overweight allocation to higher beta1 sectors, specifically corporate bonds and mortgage-backed securities, which provided the greatest excess return versus the benchmark. The Fund’s underweight allocation to U.S. Treasury securities, and U.S. Agency debt securities, also added to relative performance.2
How do you plan to position the Fund, based on market conditions?
We expect the economy to continue to show modest signs of improvement; however, headwinds remain along the pathway to sustained recovery and economic growth. We expect to maintain our short to neutral duration posture based upon current low short-term rates. In such a steep yield curve environment, we believe that a barbell yield curve position will perform better when short-term rates rise faster than long-term rates. Despite record budget deficits and debt issuances domestically, inflation is a not a significant near-term concern. Our outlook relative to sector rotation is to remain overweight spread product in corporate bonds with an emphasis on lower-rated investment grade. We will likely remain underweight U.S. Treasury and U.S. Government Agency debentures due to current supply imbalances. Finally, our outlook calls for emphasis on mortgage-backed and asset-backed securities due to the superior carry they offer relative to other AAA-rated bonds.
 
1   Beta is a measure of systematic risk of a security. Beta is a means of measuring the volatility of a security or portfolio of securities in comparison with the market as a whole.
Portfolio Composition (as of March 31, 2010)2
as a percentage of Investments
(PIE CHART)
 
2   Portfolio Composition is subject to change

31


 

SHORT-TERM BOND FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/31/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
Effective March 31, 2010 the, benchmark index for the Fund will change from the Citigroup 1-3 Year Government/Credit Index to the Barclays Capital 1-3 Year Government/Credit Index.
The Fund’s performance is compared to the Barclays Capital 1-3 Year Government/Credit Index and the Citigroup 1-3 Year Government/ Credit Index. The Barclays Capital 1-3 Year Government/Credit Index is the 1-3 year component of the U.S. Government/Credit index. The Barclays Index includes securities in the Barclays Capital Government and Credit Indices. The Government Index includes treasuries (i.e., public obligations of the U.S. Treasury that have remaining maturities of more than one year) and agencies (i.e., publicly issued debt of U.S. Government agencies, quasi-federal corporations, and corporate or foreign debt guaranteed by the U.S. Government). The Credit Index includes publicly issued U.S. corporate and foreign debentures and secured notes that meet specified maturity, liquidity, and quality requirements. The Citigroup 1-3 Year Government/Credit Index is an index of U.S. Treasury securities, government agency obligations, and corporate debt securities rated at least investment grade (BBB). The securities in the index have maturities of one year or greater and less than three years. The indices are unmanaged and do not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.
                                 
    Average Annual Total Returns as of 3/31/10
Short-Term Bond Fund   1 Year   3 Year   5 Year   10 Year
 
A Shares            without sales charge
    8.88 %     4.27 %     4.19 %     3.95 %
with sales charge*
    6.17 %     3.40 %     3.66 %     3.69 %
C Shares            without CDSC
    8.16 %     3.45 %     3.40 %     3.38 %
with CDSC*
    7.16 %     3.45 %     3.40 %     3.38 %
I Shares
    9.26 %     4.54 %     4.41 %     4.16 %
Barclays Capital 1-3 Year Government/Credit Index
    4.15 %     5.01 %     4.56 %     4.82 %
Citigroup 1-3 Year Government/Credit Index
    4.04 %     5.04 %     4.59 %     4.86 %
 
                               
Prospectus Expense Ratio1
                          Gross
 
A Shares
                            0.66 %
C Shares
                            1.46 %
I Shares
                            0.46 %
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Share performance reflects the maximum front-end sales charge of 2.50% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.
 
1   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.

32


 

SHORT-TERM U.S. TREASURY SECURITIES FUND
Portfolio Managers
  H. Rick Nelson
 
  Chad K. Stephens
 
  Robert W. Corner
Investment Concerns
Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.
U.S. Government guarantees apply only to the underlying securities of the Fund’s portfolio and not the Fund’s shares.
The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.
Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
The Short-Term U.S. Treasury Securities Fund returned 1.03% (I Shares) for the 12-month period ended March 31, 2010. The Fund lagged its benchmarks, the Barclays Capital 1-3 Year U.S. Treasury Index and the Citigroup 1-3 year U.S. Treasury Index, which returned 1.38% and 1.34%, respectively.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
The Fund had a total return of 1.03%. which was driven by low short-term U.S. Treasury yields anchored by an accommodative Federal Reserve (the “Fed”) monetary policy. The Fed maintained the overnight Federal Funds rate at 0.00%-0.25% during that last year which locked short-term U.S. Treasury yields at historic low levels. An additional factor impacting the Fund’s return in comparison to the stated benchmark was the Fund’s expense ratio of 0.49% (I Shares).
How do you plan to position the Fund, based on market conditions?
We expect the economy to continue to show modest signs of improvement; however, headwinds remain along the pathway to sustained recovery and economic growth. We expect to maintain our short to neutral duration posture based upon current low short-term rates. In such a steep yield curve environment, we believe that a barbell yield curve position will perform better when short-term rates rise faster than long-term rates. Despite record budget deficits and debt issuances domestically, inflation is a not a significant near-term concern.
Portfolio Composition (as of March 31, 2010)1
as a percentage of Investments
(PIE CHART)
 
1   Portfolio Composition is subject to change

33


 

SHORT-TERM U.S. TREASURY SECURITIES FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/31/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
Effective March 31, 2010, the benchmark index for the Fund will change from the Citigroup 1-3 Year Treasury Index to the Barclays Capital 1-3 Year U.S. Treasury Index.
The Fund’s performance is compared to the Barclays Capital 1-3 Year U.S. Treasury Index and the Citigroup 1-3 Year Treasury Index. The Barclays Capital 1-3 Year U.S. Treasury Index is the 1-3 year component of the Barclays Capital U.S. Treasury Index. It includes securities in the Treasury Index (i.e., public obligations of the U.S. Treasury) with a maturity from one up to (but not including) 3 years. The Citigroup 1-3 Year Treasury Index is an index of U.S. Treasury securities with maturities of one-year or greater and less than three-years. These indices are unmanaged and do not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.
                                 
  Average Annual Total Returns as of 3/31/10
Short-Term U.S. Treasury
Securities Fund
  1 Year   3 Year   5 Year   10 Year
 
A Shares            without sales charge
    0.85 %     4.13 %     3.67 %     3.53 %
with sales charge*
    -1.62 %     3.27 %     3.15 %     3.28 %
C Shares            without CDSC
    0.04 %     3.29 %     2.87 %     3.03 %
with CDSC*
    -0.95 %     3.29 %     2.87 %     3.03 %
I Shares
    1.03 %     4.32 %     3.85 %     3.72 %
Barclays Capital 1-3 Year U. S. Treasury Index
    1.38 %     4.64 %     4.24 %     4.45 %
Citigroup 1-3 Year Treasury Index
    1.34 %     4.57 %     4.19 %     4.40 %
 
                               
Prospectus Expense Ratio1
                          Gross
 
A Shares
                            0.67 %
C Shares
                            1.49 %
I Shares
                            0.49 %
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Share performance reflects the maximum front-end sales charge of 2.50% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.
 
1   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the fi nancial highlights.

34


 

TOTAL RETURN BOND FUND
Portfolio Managers
  James F. Keegan
 
  Adrien Webb, CFA
 
  Perry Troisi
 
  Michael Rieger
 
  Seth Antiles, Ph.D
Investment Concerns
Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.
Mortgage-backed investments involve risk of loss due to prepayments and, like any bond, due to default. Because of the sensitivity of mortgage-related securities to changes in interest rates, the Fund’s performance may be more volatile than if it did not hold these securities.
Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
For the 12-month period ended March 31, 2010, the Total Return Bond Fund solidly outperformed its benchmark, the Barclays Capital U.S. Aggregate Bond Index. The Fund returned 8.17% (I Shares) versus a 7.69% for the index.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
Late in 2009, we made a decision to begin reducing our mortgage holdings as the Federal Reserve (the “Fed”) neared the completion of its housing stimulus program. We further underweighted agency guaranteed mortgages this quarter and currently hold about half the index weight on a duration contribution basis. We were concerned spreads would widen once the Fed exited and are not surprised to see this trend developing.
Solid performance for the past year was accomplished by maintaining our bottom-up focus, and generating results with lower volatility. Our two most significant over-weights, Corporates and AAA-rated Collateralized Mortgage Backed Securities (“CMBS”), have tightened considerably.
Our allocation to High Yield was particularly effective in the first quarter of 2010. With our high-quality style generating better than 4% returns for the quarter, the opportunistic use of this asset class provided excess return.1
How do you plan to position the Fund, based on market conditions?
Risk assets continued to outperform early in 2010, lifted by consistent cash inflows to bond funds of all types and a March rally that fed off a robust stock market. Credit in the High-Grade sector performed well and CMBS was the star in the securitized sectors. Treasury returns were less than most investment-grade spread sectors, but were still positive as rates edged lower across most of the yield curve. Equities continue to project a “glass half full” approach and rally, but global issues like the European debt crisis, or domestic issues like record foreclosure filings, will continue to remind us that the recovery is fragile at best. We are navigating a recovery that is likely to be different from recent rebounds.1
While we are on the road to recovery, growth is unlikely to return to the economy’s full potential. The consumer remains the most critical element to domestic growth, but consumer debt remains historically high. Spending has improved off the lows of this cycle, but only at the expense of savings. Unemployment remains stubbornly high; housing prices will remain under pressure given the depth of the foreclosure pipeline, and most of the Government’s stimulus programs will conclude as we move into the second half of 2010. After the modest inventory cycle response and the end of the various stimulus programs, it is difficult to see forces that can make this recovery more organic and sustainable going forward. Healthy corporate issuance has continued in 2010 but deals have not been nearly as attractive as last year.
Portfolio Composition (as of March 31, 2010)1
as a percentage of Investments
(PIE CHART)
 
1   Portfolio Composition is subject to change

35


 

TOTAL RETURN BOND FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/31/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the Barclays Capital U.S. Aggregate Bond Index, which covers the U.S. dollar-denominated, investment-grade, fixed-rate, taxable bond market of SEC-registered securities. The index includes bonds from the Treasury, Government-Related, Corporate, MBS (agency fixed-rate and hybrid ARM passthroughs), ABS and CMBS sectors. The index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.
                                 
    Average Annual Total Returns as of 3/31/10
Total Return Bond Fund   1 Year   3 Year   5 Year   10 Year
 
A Shares            without sales charge
    7.75 %     6.84 %     5.52 %     5.88 %
with sales charge*
    2.60 %     5.13 %     4.50 %     5.37 %
R Shares
    7.61 %     6.39 %     4.99 %     5.69 %
I Shares
    8.17 %     7.26 %     5.90 %     6.18 %
Barclays Capital U.S. Aggregate Bond Index
    7.69 %     6.14 %     5.44 %     6.29 %
 
                               
Prospectus Expense Ratio1
                          Gross
 
A Shares
                            0.56 %
R Shares
                            1.06 %
I Shares
                            0.31 %
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Share performance reflects the maximum front-end sales charge of 4.75%.
 
  The I Shares and R Shares were offered beginning on 10/11/04. The performance shown prior to such date is based on the performance of the Class I Shares of the Seix Core Bond Fund, the predecessor fund to the Total Return Bond Fund. The A Shares were offered beginning on 10/11/04. The performance shown from 1/25/02 to such date is based on the performance of the Class P Shares of the Seix Core Bond Fund. The performance shown prior to 1/25/02 is based on the performance of the Class I Shares of the Seix Core Bond Fund. The historical performance has not been adjusted to reflect A Share or R Share expenses. If it had been, the performance would have been lower.
 
1   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the fi nancial highlights.

36


 

ULTRA-SHORT BOND FUND
Portfolio Managers
  Robert W. Corner
 
  H. Rick Nelson
 
  Chad K. Stephens
Investment Concerns
Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.
U.S. Government guarantees apply only to the underlying securities of the Fund’s portfolio and not the Fund’s shares.
Mortgage-backed investments involve risk of loss due to prepayments and, like any bond, due to default. Because of the sensitivity of mortgage-related securities to changes in interest rates, the Fund’s performance may be more volatile than if it did not hold these securities.
Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
The Ultra-Short Bond Fund returned 6.82% (I Shares) for the 12-month period ended March 31, 2010. The Fund outperformed its benchmarks, the Barclays Capital 3-6 Month U.S. Treasury Bill Index and the Citigroup 6 month U.S. Treasury Bill Index, which returned 0.34% and 0.29%, respectively.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
Short-term rates remained very low during the last year as the Federal Reserve (the “Fed”) maintained their accommodative policy of holding the overnight federal funds rate between 0.00% and 0.25%. Low rates, an improving economy, and renewed confidence in the financial markets boosted investor’s appetite for stocks, corporate bonds, and high yield. This demand along with attractive valuations and improving fundamentals caused riskier assets to perform above expectations.
During this period, the Fund’s excess return was primarily driven by sector allocation: the Fund maintained an overweight allocation to higher beta1 sectors, specifically corporate bonds, and mortgage-backed securities, which provided the greatest amount of excess return versus the benchmark.2
How do you plan to position the Fund, based on market conditions?
We expect the economy to continue to show modest signs of improvement; however, headwinds remain along the pathway to sustained recovery and economic growth. We expect to reduce our duration posture based upon current low short-term rates and an eventual increase in rates by the Fed. In such a steep yield curve environment, we believe that a barbell yield curve position will perform better when short-term rates rise faster than long-term rates. Despite record budget deficits and debt issuances domestically, inflation is a not a significant near-term concern. Our outlook relative to sector rotation is to remain overweight spread product in corporate bonds with an emphasis on lower-rated investment-grade issues. We will likely continue to de-emphasize U.S. Treasury and U.S. Government Agency debentures due to current supply imbalances. Finally, our outlook calls for emphasis on mortgage-backed and asset-backed securities due to the superior carry they offer relative to other AAA-rated bonds.2
 
1   Beta is a measure of systematic risk of a security. Beta is a means of measuring the volatility of a security or portfolio of securities in comparison with the market as a whole.
Portfolio Composition (as of March 31, 2010)2
as a percentage of Investments
(PIE CHART)
 
2   Portfolio Composition is subject to change

37


 

ULTRA-SHORT BOND FUND
Growth of $10,000 Investment (as of March 31, 2010)
(LINE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 4/15/02. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
Effective March 31, 2010, the benchmark index for the Fund will change from the Citigroup 6 Month U.S. Treasury Bill Index to the Barclays Capital 3-6 Month U.S. Treasury Bill Index.
The Fund’s performance is compared to the Barclays Capital 3-6 Month U.S. Treasury Bill Index and the Citigroup 6 Month U.S. Treasury Bill Index. The Barclays Capital 3-6 Month U.S. Treasury Bill Index is the 3-6 month component of the Barclays Capital U.S. Treasury Bills Index, which includes U.S. Treasury bills with a remaining maturity from 1 up to (but not including) 12 months. It excludes zero coupon strips. The Citigroup 6 Month U.S. Treasury Bill Index tracks the performance of the 6 Month U.S. Treasury Bills. The indices are unmanaged and do not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.
                                         
            Average Annual Total Returns as of 3/31/10
Ultra-Short Bond Fund   Inception Date     1 Year     3 Year     5 Year   Since Inception
 
I Shares
    04/15/02       6.82 %     3.49 %     3.82 %     3.11 %
Barclays Capital 3-6 Month U.S. Treasury Bill Index
            0.34 %     2.43 %     3.18 %     2.56 %*
Citigroup 6 Month U.S. Treasury Bill Index
            0.29 %     2.18 %     3.01 %     2.43 %*
 
                                       
Prospectus Expense Ratio1
                                  Gross
 
I Shares
                                    0.38 %
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
1   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the fi nancial highlights.
 
*   The performance return and the hypothetical $10,000 investment for the Barclays Capital 3-6 Month U.S. Treasury Bill Index and the Citigroup 6 Month U.S. Treasury Bill Index is for the period from 3/31/02 to 3/31/10.

38


 

U.S. GOVERNMENT SECURITIES FUND
Portfolio Managers
  James F. Keegan
  Adrien Webb, CFA
  Perry Troisi
 
  Michael Rieger
 
 
  Seth Antiles, Ph.D
 
Investment Concerns
Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.
U.S. Government guarantees apply only to the underlying securities of the Fund’s portfolio and not the Fund’s shares.
The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.
Mortgage-backed investments involve risk of loss due to prepayments and, like any bond, due to default. Because of the sensitivity of mortgage-related securities to changes in interest rates, the Fund’s performance may be more volatile than if it did not hold these securities.
Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
The U.S. Government Securities Fund lagged its benchmark, the Barclays Capital U.S. Government Index for the 12-month period ended March 31, 2010 with a return of -1.07% (I Shares) versus -0.13% for the index.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
The funds void of Government Sponsored Entity (GSE) debentures made up the majority of the funds underperformance, as spreads tightened to historically rich levels over the period. Additionally, positioning the fund for a flatter yield curve also detracted from performance. Holding our long duration exposure in shorter off the run issues contributed positively to the funds return.1
How do you plan to position the Fund, based on market conditions?
Risk assets continued to outperform early in 2010, lifted by consistent cash inflows to bond funds of all types and a March rally that fed off a robust stock market. Treasury returns were less than most investment-grade spread sectors, but were still positive as rates edged lower across most of the yield curve, and will continue to be the core of this Fund.1
Portfolio Composition (as of March 31, 2010)1
as a percentage of Investments
(PIE CHART)
 
1   Portfolio Composition is subject to change

39


 

U.S. GOVERNMENT SECURITIES FUND
Growth of $10,000 Investment (as of March 31, 2010)
(PERFORMANCE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/31/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the Barclays Capital U.S. Government Index, which is composed of the Barclays Capital U.S. Treasury and U.S. Agency indices. The U.S. Government Index includes Treasuries (public obligations of the U.S. Treasury that have remaining maturities of more than one year) and U.S. agency debentures (publicly issued debt of U.S. Government agencies, quasi-federal corporations, and corporate or foreign debt guaranteed by the U.S. Government). The index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.
                                     
        Average Annual Total Returns as of 3/31/10
U.S. Government Securities Fund   1 Year   3 Year   5 Year   10 Year
 
A Shares
  without sales charge     -1.38 %     4.74 %     4.23 %     4.85 %
 
  with sales charge*     -6.03 %     3.07 %     3.22 %     4.34 %
 
C Shares
  without CDSC     -2.05 %     4.02 %     3.52 %     4.23 %
 
  with CDSC*     -2.84 %     4.02 %     3.52 %     4.23 %
 
I Shares
        -1.07 %     5.06 %     4.53 %     5.22 %
 
Barclays Capital U.S. Government Index
    -0.13 %     5.98 %     5.19 %     5.93 %
 
         
Prospectus Expense Ratio1   Gross
 
A Shares
    0.87 %
 
C Shares
    1.57 %
 
I Shares
    0.57 %
 
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Share performance reflects the maximum front-end sales charge of 4.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.
 
1   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the financial highlights.

40


 

U.S. GOVERNMENT SECURITIES ULTRA-SHORT BOND FUND
Portfolio Managers
  Robert W. Corner
 
  H. Rick Nelson
 
  Chad K. Stephens
Investment Concerns
Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return. U.S. Government guarantees apply only to the underlying securities of the Fund’s portfolio and not the Fund’s shares.
The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.
Mortgage-backed investments involve risk of loss due to prepayments and, like any bond, due to default. Because of the sensitivity of mortgage-related securities to changes in interest rates, the Fund’s performance may be more volatile than if it did not hold these securities.
Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
For the 12-month period ended March 31, 2010, the U.S. Government Securities Ultra-Short Bond Fund returned 3.62% . The Fund outperformed its benchmarks, the Barclays Capital 3-6 Month U.S. Treasury Bill Index and the Citigroup 6 Month U.S. Treasury Bill Index, which returned 0.34% and 0.29%, respectively.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
The Fund’s excess return was primarily driven by sector allocation: the Fund’s heavy emphasis on U.S. Government Agency mortgage backed securities (“MBS”), specifically U.S. Agency adjustable rate MBS and U.S. Agency floating rate collateralized mortgage obligations (“CMOs”).1
How do you plan to position the Fund, based on market conditions?
We expect the economy to continue to show modest signs of improvement; however, headwinds remain along the pathway to sustained recovery and economic growth. We expect to maintain our longer duration posture relative to the benchmark index based upon current low short-term rates. In such a steep yield curve environment, we believe that a barbell yield curve position will perform better in a bear curve flattener in which short-term rates rise faster than long-term ones. Despite record budget deficits and debt issuances domestically, inflation is a not a significant near term concern. Our outlook calls for continued emphasis on mortgage-backed securities due to the superior carry they offer relative to other U.S. Treasury and U.S. Government Agency bonds. In our bottom-up security selection discipline, we will look to add seasoned pass-throughs and collateralized mortgage obligation floaters to match our barbell yield curve strategy.1
Portfolio Composition (as of March 31, 2010)1
as a percentage of Investments
(PIE CHART)
 
1   Portfolio Composition is subject to change

41


 

U.S. GOVERNMENT SECURITIES ULTRA-SHORT BOND FUND
Growth of $10,000 Investment (as of March 31, 2010)
(PERFORMANCE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 4/11/02. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
Effective March 31, 2010, the benchmark index for the Fund will change from the Citigroup 6 Month U.S. Treasury Index to the Barclays Capital 3-6 Month U.S. Treasury Bill Index.
The Fund’s performance is compared to the Barclays Capital 3-6 Month U.S. Treasury Bill Index and the Citigroup 6 Month U.S. Treasury Bill Index. The Barclays Capital 3-6 Month U.S. Treasury Bill Index is the 3-6 Months component of the Barclays Capital U.S. Treasury Bills Index, which includes U.S. Treasury bills with a remaining maturity from 1 up to (but not including) 12 months. It excludes zero coupon strips. The Citigroup 6 Month U.S. Treasury Bill Index tracks the performance of the 6 Month U.S. Treasury Bills. The indices are unmanaged and do not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.
                                         
            Average Annual Total Returns as of 3/31/10
U.S. Government Securities                    
Ultra-Short Bond Fund   Inception Date     1 Year     3 Year     5 Year   Since Inception
 
I Shares
    04/11/02       3.62 %     4.44 %     4.39 %     3.43 %
 
Barclays Capital 3-6 Month U.S. Treasury Bill Index
            0.34 %     2.43 %     3.18 %     2.56 %*
 
Citigroup 6 Month U.S. Treasury Bill Index
            0.29 %     2.18 %     3.01 %     2.43 %*
 
         
Prospectus Expense Ratio1   Gross
 
I Shares
    0.32 %
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
1   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the March 31, 2010 expense ratios can be found in the financial highlights.
 
*   The performance return and the hypothetical $10,000 investment for the Barclays Capital 3-6 Month U.S. Treasury Bill Index and the Citigroup 6 Month U.S. Treasury Bill Index is for the period from 3/31/02 to 3/31/10.

42


 

VIRGINIA INTERMEDIATE MUNICIPAL BOND FUND
Portfolio Manager
  George E. Calvert, Jr.
Investment Concerns
The geographical concentration of portfolio holdings in this Fund may involve increased risk.
Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.
The Fund’s income may be subject to certain state and local taxes and, depending on your tax status, the federal alternative minimum tax.
The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.
Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.
Management Discussion of Fund Performance
How did the Fund perform against its benchmark for the period ended March 31, 2010?
The Virginia Intermediate Municipal Bond Fund lagged the Lipper Other States Intermediate Municipal Debt Funds Average1 and the Barclays Capital Municipal Bond 1-15 Year Blend Index. The Fund returned 5.58% (I Shares) compared to 6.18% for the Lipper Average and 6.63% for the Index. The highest returns for the period were obtained in the longest end of the curve and in the lower-rated and non-rated components of the market.
What factors influenced the Fund’s performance for the period ended March 31, 2010?
The Fund held a lower duration portfolio than the peer group for much of the period and over the past two years we reduced exposure to bonds rated below single A as we expected lower-quality paper to suffer in the recession. Lower duration helped performance during the chaotic market in calendar year 2008, but caused performance to lag during the fiscal period just ended. The Fund’s duration was in line with the index over this period, even though we held more bonds due 15 years and longer than the Index. Our market underweight to lower-rated credits was the other significant factor in lagging the peer group and the index. For example, the Fund’s holdings in single A and lower credits was just 21% of market value compared to 31% for the index at March 31. Lower rated credits appreciated dramatically during this period, while also contributing greater income.2
How do you plan to position the Fund, based on market conditions?
We will maintain a high-quality orientation while rebuilding a position in well researched, lower investment-grade bonds. The pursuit of investments that yield more than AA and AAA-rated general obligations, for example, aids total return in the form of higher income, sometimes at the cost of lagging when prices move higher. We also look for callable bonds that are refunding candidates as well as for their higher income contribution. Though credit concerns abound as recessionary effects continue, the intrinsic credit protections for most state and local government debt, especially in Virginia, should carry the day and continue to provide a vehicle for competitive returns on a taxable equivalent basis, compared to all other fixed-income sectors. We will add 20 year paper and maintain the Fund’s duration closer to 5.0, higher than the 4.5 that was typical in 2008 and 2009. Inflationary pressures are negligible despite large Federal deficits so a modest extension at a time of diminishing tax-exempt bond supply is warranted. 2
 
1   The Lipper Other Single States Intermediate Municipal Debt Funds Average is an average of managed mutual funds that limit their assets to those securities that are exempt from taxation in a specified state (double tax-exempt) or city (triple tax-exempt).
Portfolio Composition (as of March 31, 2010)2
as a percentage of Investments
(PIE CHART)
 
2   Portfolio Composition is subject to change

43


 

VIRGINIA INTERMEDIATE MUNICIPAL BOND FUND
Growth of $10,000 Investment (as of March 31, 2010)
(PERFORMANCE GRAPH)
This chart assumes an initial hypothetical investment of $10,000 made on 3/31/00. Total return is based on net change in N.A.V. (net asset value) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.
The Fund’s performance is compared to the Barclays Capital Municipal Bond 1-15 Year Blend Index which is an index of tax-exempt bonds with maturities ranging between 1-16 years. The index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.
                                     
        Average Annual Total Returns as of 3/31/10
Virginia Intermediate                    
Municipal Bond Fund         1 Year     3 Year      5 Year      10 Year
 
A Shares
  without sales charge     5.44 %     4.55 %     4.21 %     4.60 %
 
  with sales charge*     0.43 %     2.88 %     3.21 %     4.09 %
 
I Shares
        5.58 %     4.70 %     4.36 %     4.70 %
 
Barclays Capital Municipal Bond 1-15 Year Blend Index
    6.63 %     5.28 %     4.73 %     5.30 %
 
         
Prospectus Expense Ratio1   Gross
 
A Shares
    0.76 %
 
I Shares
    0.61 %
 
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
 
*   Class A Share performance reflects the maximum front-end sales charge of 4.75%.
 
1   This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/10 expense ratios can be found in the fi nancial highlights.

44


 

PRIME QUALITY MONEY MARKET FUND
Portfolio Managers
  Michael G. Sebesta, CFA
 
  Kim Maichle, CFA
 
  E. Dean Speer, CFA, CPA
 
  Sonny Surkin
 
  J.P. Yarusinski, CFA
Investment Concerns
An investment in the Prime Quality Money Market Fund (the “Fund”) is not insured or guaranteed by the FDIC or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
Management Discussion of Fund Performance
What factors influenced the Fund’s performance for the period ended March 31, 2010?
The Fund continues to invest in high-quality money market instruments. While short-term interest rates have remained at historical lows for most of the period ended March 31, 2010, the Fund have benefited from yield curve positioning and security selection.
How do you plan to position the Fund, based on market conditions?
The Federal Reserve (the “Fed”) is expected to keep short-term interest rates very low for an “extended period of time.” However, we believe that with economic activity improving, the Fed will begin taking the steps necessary to raise rates later in 2010 or early in 2011. Therefore, we are positioning the Fund with a slightly shorter average maturity. We will continue to invest in high-quality money market investments.1
Yields And Maturity Distribution
                         
Yields (as of March 31, 2010)     A Shares     C Shares     I Shares
 
7 Day Average Yield
    0.02 %     0.02 %     0.06 %
7 Day Effective Yield
    0.02 %     0.02 %     0.06 %
30 Day Average Yield
    0.02 %     0.02 %     0.05 %
Investment performance reflects voluntary fee waivers, which may be discontinued at any time. In absence of such fee waivers, yields would be reduced and the 7 Day Average Yield, 7 Day Effective Yield, and 30 Day Average Yield would have been –%, –% and –% for A Shares, –%, –% and –% for C Shares and –%, –% and –% for I Shares, respectively.
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
The yield quotation more closely reflects the current earnings of the Fund than the total return.
Maturity Distribution (as of March 31, 2010)1
as a percentage of Investments
(PIE CHART)
 
1   Portfolio Composition is subject to change

45


 

TAX-EXEMPT MONEY MARKET FUND
Portfolio Managers
  Michael G. Sebesta, CFA
 
  Greg Hallman
 
  Chris D. Carter, CFA
Investment Concerns
An investment in the Tax-Exempt Money Market Fund (the “Fund”) is not insured or guaranteed by the FDIC or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
Management Discussion of Fund Performance
What factors influenced the Fund’s performance for the period ended March 31, 2010?
The Fund continues to invest in high-quality money market instruments. While short-term interest rates have remained at historical lows for most of the period ended March 31, 2010, the Fund have benefited from yield curve positioning and security selection.
How do you plan to position the Fund, based on market conditions?
The Federal Reserve (the “Fed”) is expected to keep short-term interest rates very low for an “extended period of time.” However, we believe that with economic activity improving, the Fed will begin taking the steps necessary to raise rates later in 2010 or early in 2011. Therefore, we are positioning the Fund with a slightly shorter average maturity. We will continue to invest in high-quality money market investments.1
Yields And Maturity Distribution
                 
Yields (as of March 31, 2010)     A Shares     I Shares
 
7 Day Average Yield
    0.02 %     0.09 %
7 Day Effective Yield
    0.02 %     0.09 %
30 Day Average Yield
    0.02 %     0.08 %
Investment performance reflects voluntary fee waivers, which may be discontinued at any time. In absence of such fee waivers, yields would be reduced and the 7 Day Average Yield, 7 Day Effective Yield and 30 Day Average Yield would have been –%, –% and –% for A Shares, and –%, –% and –% for I Shares, respectively.
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
The yield quotation more closely reflects the current earnings of the Fund than the total return.
Maturity Distribution (as of March 31, 2010)1
as a percentage of Investments
(PIE CHART)
 
1   Portfolio Composition is subject to change

46


 

U.S. GOVERNMENT SECURITIES MONEY MARKET FUND
Portfolio Managers
  Michael G. Sebesta, CFA
 
  Kim Maichle, CFA
 
  E. Dean Speer, CFA, CPA
 
  Sonny Surkin
 
  J.P. Yarusinski, CFA
Investment Concerns
An investment in the U.S. Government Securities Money Market Fund (the “Fund”) is not insured or guaranteed by the FDIC or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
U.S. Government guarantees apply only to the underlying securities of the Fund’s portfolio and not the Fund’s shares.
Management Discussion of Fund Performance
What factors influenced the Fund’s performance for the period ended March 31, 2010?
The Fund continues to invest in high-quality money market instruments. While short-term interest rates have remained at historical lows for most of the period ended March 31, 2010, the Fund have benefited from yield curve positioning and security selection.
How do you plan to position the Fund, based on market conditions?
The Federal Reserve (the “Fed”) is expected to keep short-term interest rates very low for an “extended period of time.” However, we believe that with economic activity improving, the Fed will begin taking the steps necessary to raise rates later in 2010 or early in 2011. Therefore, we are positioning the Fund with a slightly shorter average maturity. We will continue to invest in high-quality money market investments.1
Yields And Maturity Distribution
                 
Yields (as of March 31, 2010)     A Shares     I Shares
 
7 Day Average Yield
    0.02 %     0.05 %
7 Day Effective Yield
    0.02 %     0.05 %
30 Day Average Yield
    0.02 %     0.05 %
Investment performance reflects voluntary fee waivers, which may be discontinued at any time. In absence of such fee waivers, yields would be reduced and the 7 Day Average Yield, 7 Day Effective Yield and 30 Day Average Yield would have been –%, –% and –% for A Shares and –%, –% and –% for I Shares, respectively.
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
The yield quotation more closely reflects the current earnings of the Fund than the total return.
Maturity Distribution (as of March 31, 2010)1
as a percentage of Investments
(PIE CHART)
 
1   Portfolio Composition is subject to change

47


 

U.S. TREASURY MONEY MARKET FUND
Portfolio Managers
  Michael G. Sebesta, CFA
 
  Kim Maichle, CFA
 
  E. Dean Speer, CFA, CPA
 
  Sonny Surkin
 
  J.P. Yarusinski, CFA
Investment Concerns
An investment in the U.S. Treasury Money Market Fund (the “Fund”) is not insured or guaranteed by the FDIC or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
Management Discussion of Fund Performance
What factors influenced the Fund’s performance for the period ended March 31, 2010?
The Fund continues to invest in high-quality money market instruments. While short-term interest rates have remained at historical lows for most of the period ended March 31, 2010, the Fund have benefited from yield curve positioning and security selection.
How do you plan to position the Fund, based on market conditions?
The Federal Reserve (the “Fed”) is expected to keep short-term interest rates very low for an “extended period of time.” However, we believe that with economic activity improving, the Fed will begin taking the steps necessary to raise rates later in 2010 or early in 2011. Therefore, we are positioning the Fund with a slightly shorter average maturity. We will continue to invest in high-quality money market investments.1
Yields And Maturity Distribution
                 
Yields (as of March 31, 2010)     A Shares     I Shares
 
7 Day Average Yield
    0.02 %     0.04 %
7 Day Effective Yield
    0.02 %     0.04 %
30 Day Average Yield
    0.02 %     0.04 %
Investment performance reflects voluntary fee waivers, which may be discontinued at any time. In absence of such fee waivers, yields would be reduced and the 7 Day Average Yield, 7 Day Effective Yield and 30 Day Average Yield would have been –%, –% and –% for A Shares and –%, –% and –% for I Shares, respectively.
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
The yield quotation more closely reflects the current earnings of the Fund than the total return.
Maturity Distribution (as of March 31, 2010)1
as a percentage of Investments
(PIE CHART)
 
1   Portfolio Composition is subject to change

48


 

VIRGINIA TAX-FREE MONEY MARKET FUND
Portfolio Managers
  Michael G. Sebesta, CFA
 
  Greg Hallman
 
  Chris D. Carter, CFA
Investment Concerns
An investment in the Virginia Tax-Free Money Market Fund (the “Fund”) is not insured or guaranteed by the FDIC or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
The geographical concentration of portfolio holdings in this Fund may involve increased risk.
Management Discussion of Fund Performance
What factors influenced the Fund’s performance for the period ended March 31, 2010?
The Fund continues to invest in high-quality money market instruments. While short-term interest rates have remained at historical lows for most of the period ended March 31, 2010, the Fund have benefited from yield curve positioning and security selection.
How do you plan to position the Fund, based on market conditions?
The Federal Reserve (the “Fed”) is expected to keep short-term interest rates very low for an “extended period of time.” However, we believe that with economic activity improving, the Fed will begin taking the steps necessary to raise rates later in 2010 or early in 2011. Therefore, we are positioning the Fund with a slightly shorter average maturity. We will continue to invest in high-quality money market investments.1
Yields And Maturity Distribution
                 
Yields (as of March 31, 2010)     A Shares     I Shares
 
7 Day Average Yield
    0.02 %     0.09 %
7 Day Effective Yield
    0.02 %     0.09 %
30 Day Average Yield
    0.02 %     0.08 %
Investment performance reflects voluntary fee waivers, which may be discontinued at any time. In absence of such fee waivers, yields would be reduced and the 7 Day Average Yield, 7 Day Effective Yield and 30 Day Average Yield would have been –%, –% and –% for A Shares and –%, –% and –% for I Shares, respectively.
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.
The yield quotation more closely reflects the current earnings of the Fund than the total return.
Maturity Distribution (as of March 31, 2010)1
as a percentage of Investments
(PIE CHART)
 
1   Portfolio Composition is subject to change

49


 

This page is intentionally left blank.

50


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
Corporate Bond Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Corporate Bonds (91.9%)
Banks (7.7%)
Bank of New York Mellon (The), 4.300%, 05/15/14
    1,057       1,113  
Bank of New York Mellon (The), Ser G, MTN, 4.950%, 11/01/12
    1,395       1,513  
Bank of New York Mellon (The), Ser G, MTN, 4.500%, 04/01/13
    650       694  
Bank of Nova Scotia, 3.400%, 01/22/15
    1,962       1,975  
Barclays Bank PLC, 2.500%, 01/23/13
    1,660       1,662  
Barrick International Bank Corp., 6.350%, 10/15/36(a)
    600       610  
Commonwealth Bank of Australia, 3.500%, 03/19/15(a)
    3,480       3,455  
Northern Trust Corp., 5.200%, 11/09/12
    48       52  
Northern Trust Corp., 4.625%, 05/01/14
    2,650       2,818  
                 
              13,892  
                 
Beverages (3.6%)
Anheuser-Busch InBev NV, 3.000%, 10/15/12
    2,554       2,623  
Anheuser-Busch InBev NV, 8.200%, 01/15/39(a)
    1,499       1,933  
Diageo Capital PLC, 5.200%, 01/30/13
    913       988  
SABMiller PLC, 6.200%, 07/01/11(a)
    1,012       1,067  
                 
              6,611  
                 
Commercial Services (1.1%)
ERAC USA Finance Co., 5.800%, 10/15/12(a)
    588       635  
Veolia Environnement, 6.000%, 06/01/18
    547       585  
Xerox Corp., 5.500%, 05/15/12
    754       800  
                 
              2,020  
                 
Computers (0.2%)
Hewlett-Packard Co., 4.500%, 03/01/13
    61       65  
Hewlett-Packard Co., 6.125%, 03/01/14
    259       292  
                 
              357  
                 
Consumer Staples (1.0%)
Kellogg Co., 4.250%, 03/06/13
    741       783  
Kroger Co. (The), 7.500%, 01/15/14
    758       875  
Walgreen Co., 4.875%, 08/01/13
    223       243  
                 
              1,901  
                 
Diversified Financial Services (21.0%)
CME Group, Inc., 5.400%, 08/01/13
    1,195       1,304  
CME Group, Inc., 5.750%, 02/15/14
    1,917       2,105  
Credit Suisse (USA), Inc., 5.300%, 08/13/19
    2,333       2,392  
Fund American Cos., Inc., 5.875%, 05/15/13
    2,445       2,517  
Jefferies Group, Inc., 5.875%, 06/08/14
    1,308       1,363  
Jefferies Group, Inc., 8.500%, 07/15/19
    3,734       4,142  
JPMorgan Chase & Co., 6.300%, 04/23/19
    3,504       3,867  
Lazard Group LLC, 7.125%, 05/15/15
    1,212       1,273  
Lazard Group LLC, 6.850%, 06/15/17
    1,545       1,572  
Morgan Stanley, 7.300%, 05/13/19
    2,654       2,932  
NASDAQ OMX Group, Inc. (The), 5.550%, 01/15/20
    2,563       2,549  
Rio Tinto Finance (USA) Ltd., 5.875%, 07/15/13
    813       894  
Rio Tinto Finance (USA) Ltd., 7.125%, 07/15/28
    2,124       2,431  
TD AMERITRADE Holding Corp., 5.600%, 12/01/19
    3,544       3,580  
TIAA Global Markets, 5.125%, 10/10/12(a)
    482       518  
Woodside Finance Ltd., 8.750%, 03/01/19(a)
    3,788       4,650  
                 
              38,089  
                 
Electric (7.0%)
Alabama Power Co., 5.800%, 11/15/13
    132       148  
Duke Energy Carolinas LLC, Ser C, 7.000%, 11/15/18
    473       557  
E.ON International Finance BV, 5.800%, 04/30/18(a)
    3,409       3,686  
Exelon Generation Co. LLC, 6.200%, 10/01/17
    2,013       2,191  
Georgia Power Co., 6.000%, 11/01/13
    480       540  
MidAmerican Energy Holdings Co., 6.125%, 04/01/36
    870       876  
Pacific Gas & Electric Co., 8.250%, 10/15/18
    71       87  
 
See Notes to Financial Statements.


51


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Corporate Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Electric—continued
                 
Pacific Gas & Electric Co., 6.050%, 03/01/34
    1,168       1,203  
Public Service Co. of Colorado, Ser 17, 6.250%, 09/01/37
    723       779  
Southern California Edison Co., 5.750%, 03/15/14
    1,084       1,204  
Virginia Electric & Power Co., 8.875%, 11/15/38
    937       1,302  
Wisconsin Power & Light Co., 6.375%, 08/15/37
    84       89  
                 
              12,662  
                 
Health Care (1.7%)
Beckman Coulter, Inc., 6.000%, 06/01/15
    902       982  
Hospira, Inc., Ser G, MTN, 6.400%, 05/15/15
    1,864       2,067  
                 
              3,049  
                 
Insurance (5.0%)
Berkshire Hathaway, Inc., 4.600%, 05/15/13
    1,299       1,385  
Berkshire Hathaway, Inc., 3.200%, 02/11/15
    3,432       3,462  
Nationwide Mutual Insurance Co., 9.375%, 08/15/39(a)
    2,137       2,435  
Teachers Insurance & Annuity Association of America, 6.850%, 12/16/39(a)
    1,620       1,757  
                 
              9,039  
                 
Materials (3.0%)
Newmont Mining Corp., 6.250%, 10/01/39
    5,511       5,511  
                 
Media (3.2%)
Thomson Reuters Corp., 5.950%, 07/15/13
    24       27  
Time Warner Cable, Inc., 8.250%, 02/14/14
    1,485       1,742  
Time Warner Cable, Inc., 5.850%, 05/01/17
    3,155       3,378  
Time Warner, Inc., 6.200%, 03/15/40
    614       606  
                 
              5,753  
                 
Metals (2.5%)
ArcelorMittal, 6.125%, 06/01/18
    1,684       1,768  
ArcelorMittal, 9.850%, 06/01/19
    1,443       1,834  
Barrick Gold Corp., 6.950%, 04/01/19
    736       842  
                 
              4,444  
                 
Miscellaneous Manufacturer (3.5%)
General Electric Co., 5.000%, 02/01/13
    3,085       3,326  
General Electric Co., 5.250%, 12/06/17
    742       778  
Siemens Financierings NV, 6.125%, 08/17/26(a)
    925       984  
Wesfarmers Ltd., 6.998%, 04/10/13(a)
    1,102       1,204  
                 
              6,292  
                 
Oil & Gas (5.7%)
Praxair, Inc., 4.625%, 03/30/15
    1,108       1,181  
Pride International, Inc., 8.500%, 06/15/19
    2,384       2,694  
Shell International Finance BV, 5.500%, 03/25/40
    2,756       2,701  
Transocean, Inc., 6.800%, 03/15/38
    901       1,012  
Weatherford International Ltd., 9.625%, 03/01/19
    1,498       1,895  
Weatherford International Ltd., 6.500%, 08/01/36
    812       807  
                 
              10,290  
                 
Pharmaceuticals (2.7%)
Covidien International Finance SA, 6.000%, 10/15/17
    152       167  
GlaxoSmithKline Capital, Inc., 4.850%, 05/15/13
    1,747       1,894  
Roche Holdings, Inc., 7.000%, 03/01/39(a)
    1,901       2,258  
Teva Pharmaceutical Finance LLC, 6.150%, 02/01/36
    524       543  
                 
              4,862  
                 
Pipelines (6.4%)
CenterPoint Energy Resources Corp., Ser B, 7.875%, 04/01/13
    1,150       1,317  
El Paso Natural Gas, 5.950%, 04/15/17
    329       343  
Energy Transfer Partners LP, 9.000%, 04/15/19
    1,585       1,946  
Energy Transfer Partners LP, 7.500%, 07/01/38
    1,085       1,215  
Enterprise Products Operating LP, 5.250%, 01/31/20
    2,563       2,586  
Rockies Express Pipeline LLC, 6.850%, 07/15/18(a)
    251       273  
Southern Natural Gas Co., 5.900%, 04/01/17(a)
    39       40  
TransCanada Pipelines, 7.625%, 01/15/39
    3,125       3,808  
 
See Notes to Financial Statements.


52


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Corporate Bond Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Pipelines—continued
                 
Transcontinental Gas Pipeline Corp., 6.050%, 06/15/18
    65       71  
                 
              11,599  
                 
Real Estate Investment Trusts (3.2%)
Digital Realty Trust LP, 5.875%, 02/01/20(a)
    2,459       2,404  
Healthcare Realty Trust, Inc., 6.500%, 01/17/17
    3,225       3,309  
                 
              5,713  
                 
Retail (2.4%)
CVS Caremark Corp., 6.600%, 03/15/19
    2,454       2,743  
Tesco PLC, 5.500%, 11/15/17(a)
    359       385  
Tesco PLC, 6.150%, 11/15/37(a)
    484       510  
Wal-Mart Stores, Inc., 6.500%, 08/15/37
    671       744  
                 
              4,382  
                 
Telecommunication Services (10.5%)
AT&T, Inc., 4.950%, 01/15/13
    1,100       1,182  
AT&T, Inc., 5.100%, 09/15/14
    1,909       2,065  
AT&T, Inc., 6.450%, 06/15/34
    510       520  
CC Holdings GS V LLC, 7.750%, 05/01/17, Callable 05/01/13 @ 103.88(a)
    1,884       2,054  
Cellco Partnership/Verizon Wireless, 5.550%, 02/01/14
    1,907       2,084  
Cisco Systems, Inc., 5.500%, 02/22/16
    1,570       1,749  
Cisco Systems, Inc., 4.450%, 01/15/20
    615       612  
Cisco Systems, Inc., 5.500%, 01/15/40
    2,722       2,610  
Comcast Corp., 6.450%, 03/15/37
    612       623  
Rogers Wireless, Inc., 7.500%, 03/15/15
    370       432  
Verizon Communications, Inc., 5.250%, 04/15/13
    1,082       1,182  
Verizon Communications, Inc., 5.550%, 02/15/16
    1,882       2,058  
Verizon Communications, Inc., 8.950%, 03/01/39
    1,374       1,863  
                 
              19,034  
                 
Transportation (0.5%)
Paccar, Inc., 6.375%, 02/15/12
    823       893  
Union Pacific Corp., 7.875%, 01/15/19
    29       35  
                 
              928  
                 
Total Corporate Bonds
            166,428  
                 
Short-Term Investment (8.1%)
Brown Brothers Harriman & Co., Cayman Islands Cash Sweep, 0.030%, 04/01/10(b)
    14,698       14,698  
                 
Total Short-Term Investment
            14,698  
                 
Total Investments (Cost $170,649)(c) — 100.0%
            181,126  
Other assets in excess of liabilities — 0.0%
            22  
                 
Net Assets — 100.0%
          $ 181,148  
                 
 
 
(a) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 17.0% of net assets as of March 31, 2010.
 
(b) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(c) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
MTN
— Medium Term Note
 
See Notes to Financial Statements.


53


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
Georgia Tax-Exempt Bond Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Municipal Bonds (99.9%)
Georgia (92.8%)
Association County Commissioners of Georgia Leasing Program, Georgia Public Purpose Project, COP, 5.250%, 04/01/21, Callable 04/01/14 @ 102, XLCA
    2,680       2,831  
Athens Housing Authority, Student Housing Lease Project, RB, 5.250%, 12/01/21, Prerefunded 12/01/12 @ 100, AMBAC
    1,000       1,099  
Athens Housing Authority, University of Georgia Real Estate Foundation, East Campus Housing Phase II LLC, RB, 4.000%, 12/01/14
    1,400       1,526  
Athens Housing Authority, University of Georgia Real Estate Foundation, RB, 5.000%, 06/15/35, Callable 06/15/19 @ 100
    1,450       1,492  
Athens Housing Authority, University of Georgia Real Estate Foundation, RB, 5.000%, 06/15/39, Callable 06/15/19 @ 100
    2,915       2,999  
Athens-Clarke County Unified Government Development Authority, Catholic Health East, RB, 6.250%, 11/15/32, Callable 05/15/19 @ 100
    1,500       1,614  
Athens-Clarke County Unified Government Water & Sewerage, RB, 5.625%, 01/01/33, Callable 01/01/19 @ 100
    3,000       3,271  
Athens-Clarke County Unified Government Water & Sewerage, RB, 5.500%, 01/01/38, Callable 01/01/19 @ 100
    4,000       4,301  
Atlanta Airport Passenger Facility Charge, Ser J, RB, 5.000%, 01/01/34, Callable 01/01/15 @ 100, AGM(a)
    10,500       10,552  
Atlanta Airport Project, Ser A, RB, 5.375%, 01/01/19, Callable 07/01/14 @ 100, AGM, AMT
    5,000       5,140  
Atlanta Airport Project, Ser B, RB, 6.000%, 01/01/18, Callable 04/30/10 @ 101, NATL-RE/FGIC, AMT
    2,150       2,174  
Augusta Water & Sewer Authority, RB, 5.000%, 10/01/30, Callable 10/01/17 @ 101, AGM
    1,750       1,836  
Augusta Water & Sewer Authority, RB, 5.250%, 10/01/34, Callable 10/01/14 @ 100, AGM
    2,000       2,080  
Augusta Water & Sewer Authority, RB, 5.250%, 10/01/39, Callable 10/01/14 @ 100, AGM
    4,500       4,666  
Bartow County School District, GO, 5.000%, 11/01/11, State Aid Withholding
    1,985       2,122  
Bartow County, GO, 5.000%, 08/01/12, NATL-RE
    2,000       2,166  
Bartow County, GO, 4.500%, 08/01/13, NATL-RE
    3,000       3,273  
Brunswick Water & Sewer, Refunding & Improvement Project, RB, 6.100%, 10/01/14, NATL-RE
    1,000       1,112  
Burke County Development Authority, Pollution Control, Georgia Power Co., Plant Vogtle Project, RB, 5.050%, 11/01/48(b)
    1,000       1,064  
Burke County Development Authority, Pollution Control, RB, 2.300%, 10/01/32, Mandatory Put 04/01/14 @ 100^(b)
    1,875       1,841  
Carroll County Water Authority, Water & Sewer, RB, 5.250%, 07/01/22, Callable 07/01/15 @ 100, AGM
    1,000       1,060  
Central Valdosta Development Authority, Lowndes County Judicial Project, RB, 5.250%, 06/01/21, Callable 06/01/13 @ 102, XLCA/County Guaranteed
    1,885       1,983  
 
See Notes to Financial Statements.


54


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Georgia Tax-Exempt Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Georgia—continued
                 
Cherokee County Georgia Resource Recovery Development Authority, Solid Waste Disposal, RB, 5.000%, 07/01/37, Callable 07/01/17 @ 100, AMBAC/County Guaranteed, AMT
    1,000       968  
Cobb County Development Authority, Kennesaw State University Project, Ser A, RB, 5.000%, 07/15/29, Callable 07/15/14 @ 100, NATL-RE
    1,285       1,318  
Cobb County Development Authority, Solid Waste Disposal, Georgia Waste Management Project, Ser A, RB, 5.000%, 04/01/33, Callable 04/01/16 @ 101, AMT
    1,000       958  
Cobb-Marietta County, Coliseum & Exhibit Hall Project, RB, 5.500%, 10/01/12, NATL-RE
    725       757  
Coweta County Development Authority, Newnan Water, Sewer & Light Commission, RB, 5.000%, 07/01/25, Prerefunded 07/01/15 @ 100, NATL-RE
    1,000       1,116  
Dalton Utilities, RB, 6.000%, 01/01/12, AGM
    1,100       1,194  
De Kalb County Water & Sewer, Ser B, RB, 5.250%, 10/01/32, Callable 10/01/26 @ 100, AGM
    5,500       6,204  
De Kalb Private Hospital Authority, Children’s Healthcare of Atlanta, Inc., RB, 5.000%, 11/15/29, Callable 11/15/19 @ 100
    5,000       5,158  
Douglasville-Douglas County Water & Sewer Authority, RB, 5.625%, 06/01/15, Callable 06/01/10 @ 100, AMBAC
    1,055       1,143  
Downtown Smyrna Development Authority, RB, 5.250%, 02/01/28
    1,000       1,097  
Floyd County, GO, 5.000%, 04/01/11
    475       496  
Forsyth County Hospital Authority, Baptist Health Care System Project, RB, 6.375%, 10/01/28, ETM
    1,000       1,251  
Forsyth County School District, GO, 5.000%, 02/01/23, Callable 02/01/15 @ 100, NATL-RE
    3,000       3,197  
Forsyth County, GO, 5.000%, 03/01/25, Callable 03/01/19 @ 100
    6,825       7,547  
Fulton County Development Authority, Cauley Creek Water Facilities, Ser A, RB, 5.500%, 02/01/17, Callable 02/01/11 @ 100, AMBAC, AMT
    1,310       1,322  
Fulton County Development Authority, Georgia Technology Facilities Project, Ser A, RB, 5.000%, 06/01/40, Callable 06/01/19 @ 100
    1,000       1,037  
Fulton County Development Authority, Georgia Technology Foundation, Ser A, RB, 5.000%, 11/01/31, Callable 05/01/12 @ 100
    1,645       1,689  
Fulton County Development Authority, Molecular Science Building Project, RB, 5.250%, 05/01/22, Callable 05/01/14 @ 100, NATL-RE
    2,370       2,428  
Fulton County Development Authority, Molecular Science Building Project, RB, 5.250%, 05/01/27, Callable 05/01/14 @ 100, NATL-RE
    3,375       3,520  
Fulton County Development Authority, Molecular Science Building Project, RB, 5.000%, 05/01/34, Callable 05/01/14 @ 100, NATL-RE
    1,000       1,015  
Fulton County Development Authority, Robert Woodruff Arts Center, Inc., Ser B, RB, 5.250%, 03/15/24, Callable 03/15/19 @ 100
    1,300       1,377  
Fulton County Water & Sewer, RB, 5.000%, 01/01/24, Callable 01/01/14 @ 100, NATL-RE/FGIC
    2,000       2,070  
 
See Notes to Financial Statements.


55


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Georgia Tax-Exempt Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Georgia—continued
                 
Fulton County Water & Sewer, RB, 5.000%, 01/01/30, Callable 01/01/14 @ 100, NATL-RE/FGIC
    2,425       2,470  
Fulton County Water & Sewer, RB, 5.250%, 01/01/35, Callable 01/01/14 @ 100, NATL-RE/FGIC
    2,400       2,454  
Gainesville & Hall County Hospital Authority, Northeast Georgia Health System, Inc., Ser A, RB, 0.300%, 05/15/26, LOC: Wells Fargo Bank N.A.(b)
    2,810       2,810  
Gainesville & Hall County Hospital Authority, Northeast Georgia Health System, Inc., Ser B, RB, 5.250%, 02/15/45, Callable 02/15/20 @ 100, County Guaranteed
    4,500       4,380  
Georgia Municipal Electric Authority, RB, 8.000%, 01/01/15, Callable 01/01/11 @ 100, ETM
    1,900       2,365  
Georgia State Higher Education Facilities Authority, USG Real Estate Foundation I LLC, RB, 6.000%, 06/15/34, Callable 06/15/18 @ 100
    1,065       1,152  
Georgia State Private College & Universities Facilities Authority, Mercer University Project, RB, 6.400%, 11/01/11, NATL-RE, ETM
    730       774  
Georgia State Road & Tollway Authority, Federal Highway Reimbursement, Ser A, RB, 5.000%, 06/01/20, Callable 06/01/18 @ 100, AGM
    1,130       1,240  
Georgia State, GO, 4.500%, 07/01/23
    1,285       1,362  
Glynn-Brunswick Memorial Hospital Authority, SouthEast Health System, Ser A, RB, 5.000%, 08/01/20, Callable 08/01/18 @ 100
    425       426  
Glynn-Brunswick Memorial Hospital Authority, SouthEast Health System, Ser A, RB, 5.500%, 08/01/28, Callable 08/01/18 @ 100
    1,800       1,792  
Glynn-Brunswick Memorial Hospital Authority, SouthEast Health System, Ser A, RB, 5.625%, 08/01/34, Callable 08/01/18 @ 100
    2,000       1,972  
Gwinnett County Development Authority, Public Schools Project, COP, 5.250%, 01/01/17, Prerefunded 01/01/14 @ 100, NATL-RE
    475       538  
Gwinnett County Development Authority, Public Schools Project, COP, 5.250%, 01/01/21, Prerefunded 01/01/14 @ 100, NATL-RE
    3,385       3,834  
Gwinnett County School District, GO, 5.000%, 02/01/13
    1,100       1,218  
Gwinnett County School District, GO, 5.000%, 02/01/26, Prerefunded 02/01/18 @ 100
    3,500       4,064  
Gwinnett County School District, GO, 5.000%, 02/01/32, Callable 02/01/18 @ 100
    2,115       2,256  
Gwinnett County School District, GO, 5.000%, 02/01/36, Callable 02/01/18 @ 100
    1,380       1,458  
Gwinnett County Water & Sewerage Authority, Ser A, RB, 4.000%, 08/01/27, Callable 08/01/19 @ 100, County Guaranteed
    2,325       2,352  
Gwinnett County Water & Sewerage Authority, Ser A, RB, 4.000%, 08/01/28, Callable 08/01/19 @ 100, County Guaranteed
    2,000       1,990  
Henry County Water & Sewer Authority, RB, 6.150%, 02/01/20, AMBAC
    2,100       2,471  
Henry County Water & Sewer Authority, RB, 5.000%, 02/01/25, Callable 02/01/21 @ 100
    2,250       2,496  
Lincoln County School District, GO, 5.500%, 04/01/37, Callable 04/01/19 @ 100, State Aid Withholding
    1,000       1,093  
 
See Notes to Financial Statements.


56


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Georgia Tax-Exempt Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Georgia—continued
                 
Macon-Bibb County Hospital Authority, The Medical Center of Central Georgia, Inc., RB, 5.000%, 08/01/32, Callable 08/01/19 @ 100
    4,445       4,458  
Metropolitan Atlanta Rapid Transit Authority, Ser B, RB, 5.000%, 07/01/34, Callable 07/01/17 @ 100, AGM
    5,000       5,209  
Metropolitan Atlanta Rapid Transit Authority, Ser E, RB, 7.000%, 07/01/11, ETM
    3,215       3,362  
Milledgeville-Baldwin County Development Authority, Georgia College & State University Foundation, RB, 6.000%, 09/01/33, Prerefunded 09/01/14 @ 101
    2,355       2,805  
Newnan Hospital Authority, Newnan Hospital Project, RB, 5.500%, 01/01/16, Prerefunded 01/01/13 @ 100, NATL-RE
    1,435       1,601  
Newnan Hospital Authority, Newnan Hospital Project, RB, 5.500%, 01/01/17, Prerefunded 01/01/13 @ 100, NATL-RE
    2,220       2,477  
Private Colleges & Universities Authority, Emory University, Ser B, RB, 5.000%, 09/01/29, Callable 09/01/19 @ 100
    3,000       3,216  
Private Colleges & Universities Authority, Emory University, Ser B, RB, 5.000%, 09/01/32, Callable 09/01/19 @ 100
    4,500       4,767  
Private Colleges & Universities Authority, Emory University, Ser C, RB, 5.000%, 09/01/38, Callable 09/01/18 @ 100(a)
    4,455       4,657  
Richmond County Board of Education, GO, 5.000%, 10/01/12, State Aid Withholding
    525       577  
Richmond County Hospital Authority, University Health Services, Inc. Project, RB, 5.250%, 01/01/29, Callable 01/01/19 @ 100
    2,250       2,216  
Richmond County Hospital Authority, University Health Services, Inc. Project, RB, 5.500%, 01/01/36, Callable 01/01/19 @ 100
    3,500       3,476  
Rockdale County Water & Sewerage Authority, RB, 5.000%, 07/01/23, Callable 07/01/15 @ 100, AGM
    2,200       2,352  
Upper Oconee Basin Water Authority, RB, 5.000%, 07/01/26, Callable 07/01/15 @ 100, NATL-RE
    2,000       2,047  
Valdosta & Lowndes County Hospital Authority, South Georgia Medical Center Project, RB, 5.250%, 10/01/27, Callable 10/01/12 @ 101, AMBAC
    2,110       2,111  
Villa Rica Public Facilities Authority, RB, 5.125%, 03/01/39, Callable 03/01/17 @ 100, AGM
    1,000       1,020  
                 
              200,382  
                 
Puerto Rico (7.1%)
Puerto Rico Electric Power Authority, Ser BB, RB, 6.000%, 07/01/11, NATL-RE
    1,980       2,098  
Puerto Rico Electric Power Authority, Ser JJ, RB, 5.250%, 07/01/13, NATL-RE
    1,325       1,441  
Puerto Rico Electric Power Authority, Ser XX, RB, 5.250%, 07/01/40, Callable 07/01/20 @ 100^
    2,750       2,713  
Puerto Rico Sales Tax Financing Corp., Sales Tax Revenue, Ser A, RB, 5.250%, 08/01/27, Callable 08/01/19 @ 100
    1,965       2,041  
Puerto Rico Sales Tax Financing Corp., Sales Tax Revenue, Ser A, RB, 5.500%, 08/01/28, Callable 08/01/19 @ 100
    2,300       2,415  
Puerto Rico Sales Tax Financing Corp., Sales Tax Revenue, Ser A, RB, 6.000%, 08/01/42, Callable 08/01/19 @ 100
    4,335       4,655  
                 
              15,363  
                 
Total Municipal Bonds
            215,745  
                 
                 
 
See Notes to Financial Statements.


57


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Georgia Tax-Exempt Bond Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Money Market Funds (1.3%)
Federated Tax-Free Obligations Fund
    2,720,974       2,721  
SEI Tax-Exempt Trust, Institutional Tax-Free Fund
    121,883       122  
                 
Total Money Market Funds
            2,843  
                 
Total Investments (Cost $212,374)(c) — 101.2%
            218,588  
Liabilities in excess of other assets — (1.2)%
            (2,548 )
                 
Net Assets — 100.0%
          $ 216,040  
                 
 
 
^ Denotes investment purchased on a when-issued or delayed-delivery basis.
 
(a) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(b) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(c) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
AGM
— Security guaranteed by Assured Guaranty Municipal Corporation
 
AMBAC — Security guaranteed by American Municipal Bond Assurance Corporation
 
AMT — Income subject to Alternative Minimum Tax
 
COP — Certificate of Participation
 
ETM — Escrowed to Maturity
 
FGIC — Security guaranteed by Financial Guaranty Insurance Company
 
GO — General Obligation
 
LOC — Letter of Credit
 
NATL-RE — Reinsurance provided by National Public Finance Guarantee Corporation
 
RB — Revenue Bond
 
XLCA — Security guaranteed by XL Capital Assurance, Inc.
 
See Notes to Financial Statements.


58


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
High Grade Municipal Bond Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Municipal Bonds (96.0%)
Alabama (3.6%)
Birmingham Special Care Facilities Financing Authority Health Care Facilities, Children’s Hospital of Alabama, RB, 6.000%, 06/01/39, Callable 06/01/19 @ 100, AGC
    2,000       2,159  
                 
Alaska (5.6%)
Matanuska-Susitna Boro Lease, Goose Creek Correctional Center, RB, 5.500%, 09/01/23, Callable 09/01/19 @ 100, AGC
    1,000       1,125  
Matanuska-Susitna Boro Lease, Goose Creek Correctional Center, RB, 6.000%, 09/01/28, Callable 09/01/19 @ 100, AGC(a)
    2,000       2,287  
                 
              3,412  
                 
California (5.3%)
California State, GO, 6.500%, 04/01/33, Callable 04/01/19 @ 100(a)
    2,000       2,191  
Washington Township Health Care District, Ser A, RB, 6.250%, 07/01/39, Callable 07/01/19 @ 100
    1,000       1,042  
                 
              3,233  
                 
District of Columbia (3.7%)
District of Columbia, Income Tax, Ser A, RB, 5.500%, 12/01/30, Callable 12/01/19 @ 100
    2,000       2,235  
                 
Florida (24.9%)
Broward County School Board, Ser A, COP, 5.000%, 07/01/16, AGM
    2,725       2,984  
Florida Atlantic University Finance Corp. Capital Improvement, RB, 7.639%, 07/01/40, Callable 07/01/20 @ 100
    2,500       2,624  
Highlands County Health Facilities Authority, Adventist Health, Ser B, RB, 6.000%, 11/15/37, Callable 11/15/19 @ 100
    1,500       1,583  
Miami Parking Facilities Authority, RB, 5.250%, 10/01/15, NATL-RE
    1,000       1,124  
Miami-Dade County Public Facilities, Jackson Health System, RB, 5.750%, 06/01/39, Callable 06/01/19 @ 100, AGC
    1,500       1,569  
Miami-Dade County Water & Sewer System, RB, 4.625%, 10/01/30, Callable 10/01/20 @ 100, AGM
    2,000       1,976  
Osceola County Tourist Development Tax Authority, Ser A, RB, 5.500%, 10/01/15, Callable 10/01/12 @ 100, NATL-RE/FGIC
    1,000       1,065  
Palm Beach County Solid Waste Authority, RB, 5.500%, 10/01/22, Callable 10/01/19 @ 100, BHAC
    1,000       1,128  
Pensacola Airport Authority, Ser A, RB, 6.000%, 10/01/12, Callable 10/01/10 @ 100, NATL-RE, AMT
    1,075       1,089  
                 
              15,142  
                 
Georgia (1.6%)
Gainesville & Hall County Hospital Authority, Northeast Health System, Inc., Ser B, RB, 5.125%, 02/15/40, Callable 02/15/20 @ 100, County Guaranteed
    1,000       971  
                 
Idaho (4.5%)
Idaho Health Facilities Authority, Ser A, RB, 6.750%, 11/01/37, Callable 11/01/18 @ 100
    2,500       2,742  
                 
Illinois (7.2%)
Illinois State Toll Highway Authority, Ser A, RB, 5.000%, 01/01/18, Callable 07/01/15 @ 100, AGM
    3,000       3,263  
University of Illinois, Auxiliary Facilities System, Ser A, RB, 5.750%, 04/01/38, Callable 04/01/19 @ 100
    1,000       1,089  
                 
              4,352  
                 
Kansas (2.6%)
Kansas State Development Finance Authority, Adventist Bolingbrook Hospital, RB, 5.750%, 11/15/38, Callable 11/15/19 @ 100(a)
    1,500       1,594  
                 
Maine (4.5%)
Maine State Turnpike Authority, RB, 6.000%, 07/01/38, Callable 07/01/19 @ 100(a)
    2,500       2,761  
                 
                 
 
See Notes to Financial Statements.


59


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
High Grade Municipal Bond Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Massachusetts (2.6%)
Massachusetts State Health & Educational Facilities Authority, Harvard University, Ser A, RB, 5.000%, 12/15/27, Callable 12/15/19 @ 100, GO of Institution
    500       555  
Massachusetts State Health & Educational Facilities Authority, Northeastern University, Ser Q, RB, 0.300%, 10/01/35, LOC:
               
Bank of America N.A.(b)
    1,000       1,000  
                 
              1,555  
                 
New Jersey (7.9%)
Bayonne, General Improvement, GO, 5.750%, 07/01/35, Callable 07/01/19 @ 100
    1,000       1,064  
New Jersey State Higher Education Assistance Authority Student Loan, Ser 1A, RB, 5.000%, 12/01/26, Callable 12/01/19 @ 100
    450       456  
New Jersey State Transportation Trust Fund Authority, Ser A, RB, 6.000%, 12/15/38, Callable 12/15/18 @ 100
    3,000       3,310  
                 
              4,830  
                 
South Carolina (1.7%)
South Carolina Jobs-Economic Development Hospital Authority, Anmed Health, Ser B, RB, 5.500%, 02/01/38, Callable 02/01/19 @ 100, AGC
    1,000       1,037  
                 
Texas (14.1%)
Dallas Independent School District, GO, 6.375%, 02/15/34, Callable 02/15/18 @ 100, PSF-GTD
    4,000       4,687  
Harris County Health Facilities Development Authority, Memorial Hermann Healthcare System, Ser B, RB, 7.125%, 12/01/31, Callable 12/01/18 @ 100
    1,000       1,120  
Palestine Independent School District, GO, 5.500%, 02/15/27, Callable 02/15/19 @ 100, AGC
    2,500       2,744  
                 
              8,551  
                 
Washington (3.0%)
Seattle Washington Municipal Light & Power, RB, 5.750%, 04/01/29, Callable 04/01/19 @ 100, BHAC(a)
    1,635       1,816  
                 
Wisconsin (3.2%)
Wisconsin State Health & Educational Facilities Authority, Aurora Health Care, Inc., Ser A, RB, 5.625%, 04/15/39, Callable 04/15/20 @ 100
    2,000       1,973  
                 
Total Municipal Bonds
            58,363  
                 
Money Market Fund (1.4%)
Federated Tax-Free Obligations Fund
    840,162       840  
                 
Total Money Market Fund
            840  
                 
Total Investments (Cost $55,775)(c) — 97.4%
            59,203  
Other assets in excess of liabilities — 2.6%
            1,605  
                 
Net Assets — 100.0%
          $ 60,808  
                 
 
 
(a) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(b) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(c) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
AGC
— Security guaranteed by Assured Guaranty Corporation
 
AGM — Security guaranteed by Assured Guaranty Municipal Corporation
 
AMT — Income subject to Alternative Minimum Tax
 
BHAC — Security guaranteed by Berkshire Hathaway Assurance Corporation
 
COP — Certificate of Participation
 
FGIC — Security guaranteed by Financial Guaranty Insurance Company
 
GO — General Obligation
 
LOC — Letter of Credit
 
NATL-RE — Reinsurance provided by National Public Finance Guarantee Corporation
 
PSF-GTD — Security guaranteed by Permanent School Fund Guarantee Program
 
RB — Revenue Bond
 
See Notes to Financial Statements.


60


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
High Income Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Bank Loans (5.9%)
Aerospace/Defense (1.0%)
Hawker Beechcraft Acquisition Co., 10.500%, 03/26/14(a)(b)(c)
    796       782  
Hawker Beechcraft, Inc., 2.259%, 03/26/14(a)(c)
    942       788  
Hawker Beechcraft, Inc., 2.290%, 03/26/14(a)(c)
    56       47  
                 
              1,617  
                 
Chemicals (1.8%)
Lyondell Chemical Co., Dutch Revolver, 3.748%, 12/22/13^(a)(c)(d)
    67       52  
Lyondell Chemical Co., Revolver, 3.748%, 12/22/13^(a)(c)(d)
    249       194  
Lyondell Chemical Co., Term A, 3.748%, 12/22/13^(a)(c)(d)
    150       117  
Lyondell Chemical Co., Term A, 3.748%, 12/22/13^(a)(c)(d)
    475       371  
Lyondell Chemical Co., Term B1, 3.998%, 12/22/14^(a)(c)(d)
    191       149  
Lyondell Chemical Co., Term B1, 7.000%, 12/22/14^(a)(c)(d)
    829       646  
Lyondell Chemical Co., Term B2, 3.998%, 12/22/14^(a)(c)(d)
    191       149  
Lyondell Chemical Co., Term B2, 7.000%, 12/22/14^(a)(c)(d)
    829       646  
Lyondell Chemical Co., Term B3, 3.998%, 12/22/14^(a)(c)(d)
    191       149  
Lyondell Chemical Co., Term B3, 7.000%, 12/22/14^(a)(c)(d)
    829       646  
                 
              3,119  
                 
Diversified Financial Services (2.4%)
American Capital Holdings, Inc., 03/31/11^(e)
    2,760       2,766  
East Valley Tourist Development Authority, 12.000%, 08/06/12(c)(d)(f)(g)
    1,422       1,209  
                 
              3,975  
                 
Media (0.7%)
Tribune Co., 5.250%, 05/17/14(a)(c)
    2,000       1,275  
                 
Total Bank Loans
            9,986  
                 
Corporate Bonds (81.6%)
Advertising (1.3%)
Affinion Group, Inc., 10.125%, 10/15/13, Callable 10/15/10 @ 102.53
    100       102  
Affinion Group, Inc., 11.500%, 10/15/15, Callable 10/15/10 @ 105.75
    2,000       2,050  
                 
              2,152  
                 
Aerospace/Defense (0.6%)
DAE Aviation Holdings, Inc., 11.250%, 08/01/15, Callable 08/01/11 @ 105.62(a)
    1,000       935  
                 
Airlines (2.5%)
Delta Air Lines, Inc., 12.250%, 03/15/15, Callable 03/15/12 @ 108.81(a)
    1,185       1,264  
Delta Air Lines, Inc., Ser 2001-1, Cl B, 7.711%, 09/18/11
    905       900  
United Airlines, Inc., 12.000%, 11/01/13, Callable 02/01/12 @ 109(a)(h)
    2,000       2,070  
                 
              4,234  
                 
Auto Manufacturers (5.1%)
Ford Motor Co., 7.450%, 07/16/31(h)
    2,000       1,890  
General Motors Corp., 8.375%, 07/15/33(h)
    5,000       1,875  
Motors Liquidation Co., 7.200%, 01/15/11(f)(h)
    13,000       4,777  
                 
              8,542  
                 
Auto Parts & Equipment (0.2%)
Lear Corp., 7.875%, 03/15/18, Callable 03/15/14 @ 103.94
    200       202  
Lear Corp., 8.125%, 03/15/20, Callable 03/15/15 @ 104.06
    200       204  
                 
              406  
                 
Building Materials (0.1%)
Texas Industries, Inc., 7.250%, 07/15/13, Callable 07/15/10 @ 101.81
    225       221  
                 
                 
 
See Notes to Financial Statements.


61


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
High Income Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Chemicals (1.4%)
Huntsman International LLC, 8.625%, 03/15/20, Callable 03/15/15 @ 104.31(a)
    220       221  
Ineos Group Holdings PLC, 8.500%, 02/15/16, Callable 02/15/11 @ 104.25(a)
    2,500       2,063  
Nalco Co., 8.250%, 05/15/17(a)
    150       159  
                 
              2,443  
                 
Coal (1.7%)
CONSOL Energy, Inc., 8.000%, 04/01/17, Callable 04/01/14 @ 104^(a)
    1,200       1,233  
CONSOL Energy, Inc., 8.250%, 04/01/20, Callable 04/01/15 @ 104.13^(a)
    1,400       1,438  
International Coal Group, Inc., 9.125%, 04/01/18, Callable 04/01/14 @ 104.56
    260       264  
                 
              2,935  
                 
Commercial Services (4.9%)
Atlantic Broadband, Inc., 9.375%, 01/15/14, Callable 04/25/10 @ 103.12
    725       725  
Avis Budget Car Rental LLC, 9.625%, 03/15/18, Callable 03/15/14 @ 104.81(a)
    660       690  
Hertz Corp., 10.500%, 01/01/16, Callable 01/01/11 @ 105.25(h)
    1,045       1,122  
Local Insight Regatta Holdings, Inc., 11.000%, 12/01/17, Callable 12/01/12 @ 105.50(g)
    155       111  
National Money Mart Co., 10.375%, 12/15/16, Callable 12/15/13 @ 105.19(a)
    155       165  
Reader’s Digest Association, Inc. (The), 9.500%, 02/15/17, Callable 02/15/13 @ 104(a)(c)(h)
    3,960       4,039  
RSC Equipment Rental, Inc., 10.000%, 07/15/17, Callable 07/15/13 @ 105(a)
    140       148  
United Rentals NA, Inc., 9.250%, 12/15/19, Callable 12/15/14 @ 104.63
    1,230       1,255  
                 
              8,255  
                 
Computers (0.0%)
Seagate Technology International Co. Ltd., 10.000%, 05/01/14, Callable 05/01/13 @ 105(a)
    35       40  
                 
Consumer Staples (0.8%)
Dean Foods Co., 7.000%, 06/01/16
    485       475  
Revlon Consumer Products Corp., 9.750%, 11/15/15, Callable 11/15/12 @ 104.88(a)
    815       842  
                 
              1,317  
                 
Diversified Financial Services (18.8%)
American General Finance Corp., Ser H, MTN, 4.625%, 09/01/10
    290       290  
American General Finance Corp., Ser H, MTN, 5.375%, 10/01/12
    205       193  
American General Finance Corp., Ser I, MTN, 5.400%, 12/01/15
    110       95  
American General Finance Corp., Ser J, MTN, 6.900%, 12/15/17(b)
    3,550       3,109  
CapitalSource, Inc., 12.750%, 07/15/14(a)
    585       670  
CIT Group, Inc., 7.000%, 05/01/13, Callable 05/07/10 @ 103.50(h)
    340       331  
CIT Group, Inc., 7.000%, 05/01/14, Callable 05/07/10 @ 103.50(h)
    255       241  
CIT Group, Inc., 7.000%, 05/01/15, Callable 05/07/10 @ 103.50
    550       513  
CIT Group, Inc., 7.000%, 05/01/16, Callable 05/07/10 @ 103.50
    2,465       2,274  
CIT Group, Inc., 7.000%, 05/01/17, Callable 05/07/10 @ 103.50(b)
    1,740       1,605  
CNG Holdings, Inc., 12.250%, 02/15/15, Callable 02/15/13 @ 106.12(a)
    180       174  
E*Trade Financial Corp. PIK, 12.500%, 11/30/17, Callable 11/30/12 @ 112.50
    3,371       4,028  
 
See Notes to Financial Statements.


62


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
High Income Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Diversified Financial Services—continued
                 
Firekeepers Development Authority, 13.875%, 05/01/15, Callable 05/01/12 @ 110.50(a)
    2,265       2,622  
First Data Corp., 9.875%, 09/24/15, Callable 09/30/11 @ 104.94(b)
    4,050       3,453  
GMAC, Inc., 8.300%, 02/12/15(a)
    1,000       1,050  
GMAC, Inc., 8.000%, 03/15/20(a)
    2,210       2,265  
GMAC, Inc., 8.000%, 11/01/31(b)
    3,025       2,889  
International Lease Finance Corp., 8.625%, 09/15/15^(a)
    1,370       1,401  
International Lease Finance Corp., 8.750%, 03/15/17^(a)
    1,145       1,171  
New Communications Holdings, Inc., 7.875%, 04/15/15^(a)
    450       462  
New Communications Holdings, Inc., 8.250%, 04/15/17^(a)
    1,200       1,221  
Provident Funding Association LP, 10.250%, 04/15/17, Callable 04/15/14 @ 105.13^(a)
    1,500       1,511  
                 
              31,568  
                 
Diversified Minerals (0.5%)
CII Carbon LLC, 11.125%, 11/15/15, Callable 11/15/11 @ 105.56(a)
    325       328  
Teck Cominco Ltd., 6.125%, 10/01/35
    530       484  
                 
              812  
                 
Diversified Operations (0.5%)
Amsted Industries, Inc., 8.125%, 03/15/18, Callable 03/15/14 @ 104.06(a)
    885       885  
                 
Electric (1.0%)
Energy Future Holdings Corp., 10.000%, 01/15/20, Callable 01/15/15 @ 105(a)(h)
    1,000       1,042  
Inergy LP/Inergy Finance Corp., 8.750%, 03/01/15, Callable 03/01/13 @ 104.38
    295       309  
IPALCO Enterprises, Inc., 7.250%, 04/01/16(a)
    135       140  
Sithe/Independence Funding, Ser A, 9.000%, 12/30/13
    176       182  
                 
              1,673  
                 
Electronics (0.3%)
Jabil Circuit, Inc., 7.750%, 07/15/16
    175       184  
Viasystems Group, Inc., 12.000%, 01/15/15, Callable 07/15/12 @ 106(a)
    250       271  
                 
              455  
                 
Forest Products & Paper (3.6%)
NewPage Corp., 10.000%, 05/01/12, Callable 05/06/10 @ 103(b)
    4,160       2,886  
Verso Paper Holdings LLC, 11.500%, 07/01/14, Callable 01/01/12 @ 105(a)(h)
    150       162  
Verso Paper Holdings LLC, Ser B, 9.125%, 08/01/14, Callable 08/01/10 @ 104.56(h)
    1,500       1,455  
Verso Paper Holdings LLC, Ser B, 11.375%, 08/01/16, Callable 08/01/11 @ 105.69(h)
    1,850       1,614  
                 
              6,117  
                 
Health Care (2.2%)
Apria Healthcare Group, Inc., Ser A1, 11.250%, 11/01/14, Callable 11/01/11 @ 105.62(a)
    500       544  
Axcan Intermediate Holdings, Inc., 12.750%, 03/01/16, Callable 03/01/11 @ 106.94
    1,075       1,182  
Community Health Systems, Inc., 8.875%, 07/15/15, Callable 07/15/11 @ 104.44(b)
    960       994  
LifePoint Hospitals, Inc., 3.500%, 05/15/14
    600       599  
Universal Hospital Services, Inc., PIK, 8.500%, 06/01/15, Callable 06/01/11 @ 104.25
    360       358  
                 
              3,677  
                 
Information Technology (0.6%)
Zayo Group LLC, 10.250%, 03/15/17, Callable 03/15/13 @ 105.13(a)
    1,000       1,010  
                 
                 
 
See Notes to Financial Statements.


63


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
High Income Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Insurance (0.9%)
American International Group, Inc., 8.175%, 05/15/58, Callable 05/15/38 @ 100(c)
    300       253  
Crum & Forster Holdings Corp., 7.750%, 05/01/17, Callable 05/01/12 @ 103.88
    260       257  
Genworth Financial, Inc., 6.150%, 11/15/66, Callable 11/15/16 @ 100(c)
    140       108  
Hartford Financial Services Group, Inc., 8.125%, 06/15/38, Callable 06/15/18 @ 100(c)
    540       562  
Lincoln National Corp., 7.000%, 05/17/66, Callable 05/17/16 @ 100(c)
    75       68  
Lincoln National Corp., 6.050%, 04/20/67, Callable 04/20/17 @ 100(c)
    425       354  
                 
              1,602  
                 
Lodging (1.5%)
Harrah’s Operating Co., Inc., 11.250%, 06/01/17, Callable 06/01/13 @ 105.62
    570       614  
MGM Mirage, Inc., 10.375%, 05/15/14(a)
    270       298  
MGM Mirage, Inc., 9.000%, 03/15/20, Callable 03/15/14 @ 104.50(a)
    625       644  
MTR Gaming Group, Inc., 12.625%, 07/15/14, Callable 07/15/11 @ 106.31
    930       902  
                 
              2,458  
                 
Machinery Diversified (1.1%)
Chart Industries, Inc., 9.125%, 10/15/15, Callable 10/15/10 @ 104.56
    870       870  
CPM Holdings, Inc., 10.625%, 09/01/14, Callable 09/01/12 @ 105.31(a)
    400       426  
Manitowoc Co., Inc. (The), 9.500%, 02/15/18, Callable 02/15/14 @ 104.75
    300       313  
Terex Corp., 10.875%, 06/01/16, Callable 06/01/13 @ 105.44
    200       221  
                 
              1,830  
                 
Media (2.1%)
Clear Channel Worldwide Holdings, Inc., Ser A, 9.250%, 12/15/17, Callable 12/15/12 @ 106.94(a)
    215       223  
Media General, Inc., 11.750%, 02/15/17, Callable 02/15/14 @ 105.88(a)
    1,480       1,463  
Mediacom Broadband LLC, 8.500%, 10/15/15, Callable 10/15/10 @ 104.25
    1,045       1,069  
Quebecor Media, Inc., 7.750%, 03/15/16, Callable 03/15/11 @ 103.88
    130       132  
Sirius XM Radio, Inc., 9.750%, 09/01/15, Callable 09/01/12 @ 104.88(a)
    450       486  
UPC Holding BV, 9.875%, 04/15/18, Callable 04/15/14 @ 104.94(a)
    150       157  
                 
              3,530  
                 
Miscellaneous Manufacturer (0.6%)
Bombardier, Inc., 7.500%, 03/15/18(a)
    370       385  
Bombardier, Inc., 7.750%, 03/15/20(a)
    550       575  
                 
              960  
                 
Oil & Gas (7.8%)
Antero Resources Finance Corp., 9.375%, 12/01/17, Callable 12/01/13 @ 104.69(a)
    2,700       2,781  
Atlas Energy Operating Co., 10.750%, 02/01/18, Callable 02/01/13 @ 105.68
    115       127  
Bill Barrett Corp., 9.875%, 07/15/16, Callable 07/15/13 @ 104.94
    275       296  
Cie Generale De Geophysique, 7.500%, 05/15/15, Callable 05/15/10 @ 103.75
    205       206  
Cie Generale De Geophysique, 7.750%, 05/15/17, Callable 05/15/12 @ 103.88
    85       85  
Coffeyville Resources LLC, 9.000%, 04/01/15, Callable 04/01/12 @ 106.75^(a)
    1,035       1,053  
Coffeyville Resources LLC, 10.875%, 04/01/17, Callable 04/01/13 @ 108.16^(a)
    800       794  
 
See Notes to Financial Statements.


64


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
High Income Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Oil & Gas—continued
                 
Linn Energy LLC, 9.875%, 07/01/18, Callable 07/01/13 @ 104.94
    290       310  
Linn Energy LLC/Finance Corp., 8.625%, 04/15/20, Callable 04/15/15 @ 104.31^(a)
    2,100       2,103  
Mariner Energy, Inc., 8.000%, 05/15/17, Callable 05/15/12 @ 104
    80       79  
Niska Gas Storage Partners LLC, 8.875%, 03/15/18, Callable 03/15/14 @ 104.44(a)
    1,600       1,636  
RDS Ultra-Deepwater Ltd., 11.875%, 03/15/17, Callable 03/15/14 @ 105.94(a)
    750       769  
Sabine Pass LNG LP, 7.500%, 11/30/16(b)
    2,065       1,822  
Western Refining, Inc., 10.750%, 06/15/14, Callable 12/15/11 @ 105(a)(b)(c)
    725       652  
Western Refining, Inc., 11.250%, 06/15/17, Callable 06/15/13 @ 105.62(a)(b)
    400       360  
                 
              13,073  
                 
Packaging & Containers (0.3%)
Crown Americas, Inc., 7.750%, 11/15/15, Callable 11/15/10 @ 103.88
    155       161  
Plastipak Holdings, Inc., 10.625%, 08/15/19, Callable 08/15/14 @ 105.31(a)
    285       317  
Rock-Tenn Co., 9.250%, 03/15/16, Callable 03/15/12 @ 104.63(a)
    55       60  
                 
              538  
                 
Pharmaceuticals (0.6%)
BioScrip, Inc., 10.250%, 10/01/15, Callable 04/01/13 @ 105.13(a)
    360       366  
PharmaNet Development Group, Inc., 10.875%, 04/15/17, Callable 04/15/14 @ 105.44^(a)
    600       607  
                 
              973  
                 
Pipelines (1.8%)
Copano Energy LLC, 8.125%, 03/01/16, Callable 03/01/11 @ 104.06
    170       172  
Dynegy Holdings, Inc., 7.500%, 06/01/15
    1,525       1,266  
Dynegy Holdings, Inc., 7.750%, 06/01/19(b)
    2,010       1,518  
                 
              2,956  
                 
Real Estate Investment Trusts (1.2%)
FelCor Lodging LP, 10.000%, 10/01/14(h)
    1,000       1,030  
Reckson Operating Partnership LP, 7.750%, 03/15/20(a)
    935       951  
                 
              1,981  
                 
Retail (1.2%)
Macy’s Retail Holdings, Inc., 5.875%, 01/15/13
    45       47  
Macy’s Retail Holdings, Inc., 5.750%, 07/15/14
    130       133  
Macy’s Retail Holdings, Inc., 5.900%, 12/01/16
    235       234  
Neiman Marcus Group, Inc., 10.375%, 10/15/15, Callable 10/15/10 @ 105.19(h)
    1,515       1,564  
                 
              1,978  
                 
Semiconductors (1.5%)
Advanced Micro Devices, Inc., 8.125%, 12/15/17, Callable 12/15/13 @ 104.06(a)
    1,090       1,123  
NXP Funding LLC, 9.500%, 10/15/15, Callable 10/15/11 @ 104.75(h)
    1,500       1,485  
                 
              2,608  
                 
Telecommunication Services (14.7%)
Avaya, Inc., 9.750%, 11/01/15, Callable 11/01/11 @ 104.88
    705       687  
Clearwire Communication LLC/Finance, Inc., 12.000%, 12/01/15, Callable 12/01/12 @ 106(a)(b)
    1,285       1,308  
Clearwire Communication LLC/Finance, Inc., 12.000%, 12/01/15, Callable 12/01/12 @ 106(a)
    470       479  
GeoEye, Inc., 9.625%, 10/01/15, Callable 10/01/13 @ 104.81(a)
    325       332  
Global Crossing (UK) Finance PLC, 10.750%, 12/15/14, Callable 12/15/10 @ 103.58
    1,220       1,281  
 
See Notes to Financial Statements.


65


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
High Income Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Telecommunication Services—continued
                 
Global Crossing Ltd., 12.000%, 09/15/15, Callable 09/15/12 @ 106(a)
    370       411  
Hughes Network Systems LLC/HNS Finance Corp., 9.500%, 04/15/14, Callable 04/15/10 @ 104.75
    130       132  
Intelsat Bermuda Ltd., 11.250%, 02/04/17, Callable 02/15/13 @ 105.62(i)
    1,570       1,660  
Level 3 Financing, Inc., 8.750%, 02/15/17, Callable 02/15/12 @ 104.38
    1,085       993  
Level 3 Financing, Inc., 10.000%, 02/01/18, Callable 02/01/14 @ 105(a)(b)
    3,775       3,605  
Nortel Networks Ltd., 10.750%, 07/15/16, Callable 07/15/11 @ 105.38(f)
    3,570       2,869  
Paetec Holding Corp., 8.875%, 06/30/17, Callable 06/30/13 @ 104.44(a)
    630       647  
Paetec Holding Corp., 8.875%, 06/30/17, Callable 06/30/13 @ 104.44
    350       360  
Sprint Capital Corp., 6.900%, 05/01/19(b)
    1,315       1,203  
Sprint Capital Corp., 8.750%, 03/15/32
    240       223  
Telcordia Technologies, Inc., 4.001%, 07/15/12, Callable 07/15/10 @ 100(a)(c)
    4,545       4,386  
Virgin Media Finance PLC, Ser 1, 9.500%, 08/15/16, Callable 08/15/13 @ 104.75
    225       246  
West Corp., 9.500%, 10/15/14, Callable 10/15/10 @ 104.75
    250       257  
Wind Acquisition Finance SA, 12.000%, 12/01/15, Callable 12/01/10 @ 105.38(a)
    375       405  
Wind Acquisition Finance SA, 11.750%, 07/15/17, Callable 07/15/13 @ 105.88(a)(b)
    700       774  
Wind Acquisition Finance SA, 12.250%, 07/15/17, Callable 07/15/13 @ 106.12(a)(h)
    2,465       2,440  
                 
              24,698  
                 
Transportation (0.2%)
Martin Midstream Partners LP/Finance Corp., 8.875%, 04/01/18, Callable 04/01/14 @ 104.44(a)
    400       404  
                 
Total Corporate Bonds
            137,266  
                 
Convertible Corporate Bond (0.8%)
Diversified Financial Services (0.8%)
AmeriCredit Corp., 0.750%, 09/15/11
    1,285       1,288  
                 
Total Convertible Corporate Bond
            1,288  
                 
Preferred Stock (0.5%)
Diversified Financial Services (0.5%)
Citigroup Capital XII, 8.500%, Callable 03/30/15 @ 25
    30,000       770  
                 
Total Preferred Stock
            770  
                 
Units (0.3%)
Commercial Services (0.2%)
Alion Science & Technology Corp.(a)(j)
    295       299  
                 
Information Technology (0.1%)
Stratus Technologies, Inc.,^(a)(k)
    240       231  
                 
Total Units
            530  
                 
Short-Term Investment (15.4%)
RidgeWorth Funds Securities Lending Joint Account(l)(m)
    25,951       25,951  
                 
Total Short-Term Investment
            25,951  
                 
Money Market Fund (18.8%)
RidgeWorth Institutional Cash Management Money Market Fund(l)
    31,592,993       31,593  
                 
Total Money Market Fund
            31,593  
                 
Total Investments (Cost $197,890)(n) — 123.3%
            207,384  
Liabilities in excess of other assets — (23.3)%
            (39,134 )
                 
Net Assets — 100.0%
          $ 168,250  
                 
 
 
^ Denotes investment purchased on a when-issued or delayed-delivery basis.
 
(a) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/ subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 42.9% of net assets as of March 31, 2010.
 
(b) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(c) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
See Notes to Financial Statements.


66


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
High Income Fund — concluded
 
(d) Issuer has filed for bankruptcy.
 
(e) This security has not settled as of March 31, 2010 and thus does not have a rate in effect. The security does not have a stated settlement date and will receive a rate upon settling with the custodian.
 
(f) Security in default.
 
(g) The Fund’s adviser/subadviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. The illiquid securities held by the Fund as of March 31, 2010 are identified below (in thousands):
 
                                         
Issue
  Acquisition
  Cost
  Principal
  Value
  Percentage of
Description   Date   ($)   ($)   ($)   Net Assets(%)
 
East Valley Tourist Development Authority
    08/06/07       1,408       1,422       1,209       0.72  
Local Insight Regatta Holdings, Inc.
    12/19/08       155       155       111       0.07  
 
(h) This security or a partial position of the security was on loan as of March 31, 2010. The total value of securities on loan as of March 31, 2010, in thousands, was $24,784.
 
(i) Step bond. The rate shown is the rate in effect as of March 31, 2010.
 
(j) Each unit consists of $1,000 principal amount of 12.000% senior secured notes due on November 1, 2014 and one warrant to purchase 1.9439 shares of common stock.
 
(k) Each unit consists of $480 principal amount of 12.000% senior secured notes of Stratus Technologies Bermuda, Ltd. due on March 29, 2015, $520 principal amount of 12.000% senior secured notes of Stratus Technologies Inc. due on March 29, 2015, 20.61 shares of common stock and 4.69 shares of preferred stock.
 
(l) Affiliated investment.
 
(m) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2010 (See Notes to Financial Statements).
 
(n) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
MTN
— Medium Term Note
 
PIK — Payment in-kind
 
See Notes to Financial Statements.


67


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
Intermediate Bond Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Collateralized Mortgage Obligations (1.3%)
Credit Suisse First Boston Mortgage Securities Corp., Ser 2005-C5, Cl A3, 5.100%, 08/15/38(a)
    1,808       1,883  
CS First Boston Mortgage Securities Corp., Ser 2002-CP5, Cl A1, 4.106%, 12/15/35
    4,733       4,852  
GE Capital Commercial Mortgage Corp., Ser 2003-C1, Cl A4, 4.819%, 01/10/38
    1,231       1,287  
LB-UBS Commercial Mortgage Trust, Ser 2005-C7, Cl A3, 5.474%, 11/15/30(a)
    1,753       1,821  
Nomura Asset Securities Corp., Ser 1998-D6, Cl A2, 6.586%, 03/15/30(a)
    5,263       5,950  
Wachovia Bank Commercial Mortgage Trust, Ser 2005-C20, Cl A6A, 5.110%, 07/15/42(a)
    4,618       4,777  
                 
Total Collateralized Mortgage Obligations
            20,570  
                 
Corporate Bonds (43.2%)
Advertising (0.0%)
Affinion Group, Inc., 10.125%, 10/15/13, Callable 10/15/10 @ 102.53
    280       287  
Interpublic Group Cos., Inc., 10.000%, 07/15/17, Callable 07/15/13 @ 105
    105       119  
                 
              406  
                 
Aerospace/Defense (0.8%)
Boeing Co. (The), 5.125%, 02/15/13
    300       325  
General Dynamics Corp., 5.250%, 02/01/14
    3,030       3,329  
Spirit AeroSystems Holdings, Inc., 7.500%, 10/01/17, Callable 10/01/13 @ 103.75(b)
    215       220  
Triumph Group, Inc., 8.000%, 11/15/17, Callable 11/15/13 @ 104
    75       75  
United Technologies Corp., 6.125%, 02/01/19
    8,197       9,220  
                 
              13,169  
                 
Airlines (0.1%)
Delta Air Lines, Inc., 9.500%, 09/15/14, Callable 09/15/11 @ 107.12(b)
    700       736  
Delta Air Lines, Inc., 12.250%, 03/15/15, Callable 03/15/12 @ 108.81(b)
    180       192  
                 
              928  
                 
Auto Parts & Equipment (0.1%)
Affinia Group, Inc., 10.750%, 08/15/16, Callable 08/15/12 @ 108.06(b)
    60       65  
American Axle & Manufacturing, Inc., 9.250%, 01/15/17, Callable 01/15/14 @ 104.63(b)
    335       358  
Goodyear Tire & Rubber Co. (The), 10.500%, 05/15/16, Callable 05/15/12 @ 107.88
    390       421  
Lear Corp., 7.875%, 03/15/18, Callable 03/15/14 @ 103.94
    60       61  
Lear Corp., 8.125%, 03/15/20, Callable 03/15/15 @ 104.06
    60       61  
Navistar International Corp., 8.250%, 11/01/21, Callable 11/01/14 @ 104.13
    120       122  
TRW Automotive, Inc., 8.875%, 12/01/17, Callable 12/01/13 @ 104.44(b)
    150       156  
                 
              1,244  
                 
Banks (2.1%)
Bank of New York Mellon (The), 4.300%, 05/15/14
    815       858  
Bank of New York Mellon (The), Ser G, MTN, 4.950%, 11/01/12
    3,914       4,243  
Bank of New York Mellon (The), Ser G, MTN, 4.500%, 04/01/13
    1,911       2,041  
Bank of Nova Scotia, 3.400%, 01/22/15
    4,960       4,993  
Barclays Bank PLC, 2.500%, 01/23/13
    4,394       4,399  
Barrick International Bank Corp., 5.750%, 10/15/16(b)
    1,925       2,023  
 
See Notes to Financial Statements.


68


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Intermediate Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Banks—continued
                 
Commonwealth Bank of Australia, 3.500%, 03/19/15(b)
    8,669       8,607  
Northern Trust Corp., 5.200%, 11/09/12
    3,698       4,012  
Northern Trust Corp., 4.625%, 05/01/14
    1,014       1,078  
                 
              32,254  
                 
Beverages (1.6%)
Anheuser-Busch InBev NV, 3.000%, 10/15/12
    6,664       6,843  
Anheuser-Busch InBev NV, 7.750%, 01/15/19(b)
    5,949       7,075  
Diageo Capital PLC, 5.200%, 01/30/13
    1,984       2,147  
PepsiCo, Inc., 7.900%, 11/01/18
    4,184       5,182  
SABMiller PLC, 6.200%, 07/01/11(b)
    3,406       3,591  
                 
              24,838  
                 
Building (0.0%)
KB Home, 9.100%, 09/15/17
    95       100  
                 
Building Materials (0.0%)
USG Corp., 9.750%, 08/01/14(b)
    110       117  
USG Corp., 9.500%, 01/15/18(c)
    50       50  
                 
              167  
                 
Chemicals (0.4%)
Air Products & Chemicals, Inc., 4.150%, 02/01/13
    1,837       1,922  
Compass Minerals International, Inc., 8.000%, 06/01/19, Callable 06/01/14 @ 104(b)
    110       115  
E.I. du Pont de Nemours & Co., 5.000%, 07/15/13
    4,048       4,384  
Georgia Gulf Corp., 9.000%, 01/15/17, Callable 01/15/14 @ 104.50(b)
    95       99  
Huntsman International LLC, 5.500%, 06/30/16(b)
    75       68  
Nova Chemicals Corp., 8.625%, 11/01/19, Callable 11/01/14 @ 104.31(b)
    80       82  
Solutia, Inc., 8.750%, 11/01/17, Callable 11/01/13 @ 104.38
    70       74  
Solutia, Inc., 7.875%, 03/15/20, Callable 03/15/15 @ 103.94
    150       152  
                 
              6,896  
                 
Coal (0.1%)
Arch Coal, Inc., 8.750%, 08/01/16, Callable 08/01/13 @ 104.38(b)
    95       101  
CONSOL Energy, Inc., 8.000%, 04/01/17, Callable 04/01/14 @ 104^(b)
    335       344  
CONSOL Energy, Inc., 8.250%, 04/01/20, Callable 04/01/15 @ 104.13^(b)
    280       288  
International Coal Group, Inc., 9.125%, 04/01/18, Callable 04/01/14 @ 104.56
    95       96  
                 
              829  
                 
Commercial Services (1.2%)
Avis Budget Car Rental LLC, 9.625%, 03/15/18, Callable 03/15/14 @ 104.81(b)
    200       209  
Cenveo Corp., 8.875%, 02/01/18, Callable 02/01/14 @ 104.44(b)
    145       147  
Equinix, Inc., 8.125%, 03/01/18, Callable 03/01/14 @ 104.06
    125       129  
ERAC USA Finance Co., 5.800%, 10/15/12(b)
    2,588       2,795  
ERAC USA Finance Co., 5.600%, 05/01/15(b)
    2,027       2,139  
Geokinetics Holdings, Inc., 9.750%, 12/15/14, Callable 12/15/11 @ 104.88(b)
    305       286  
Hertz Corp., 8.875%, 01/01/14, Callable 04/30/10 @ 104.44
    605       622  
National Money Mart Co., 10.375%, 12/15/16, Callable 12/15/13 @ 105.19(b)
    70       74  
Norcraft Cos. LP/Finance Corp., 10.500%, 12/15/15, Callable 12/15/12 @ 105.25(b)
    15       16  
 
See Notes to Financial Statements.


69


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Intermediate Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Commercial Services—continued
                 
Reader’s Digest Association, Inc. (The), 9.500%, 02/15/17, Callable 02/15/13 @ 104(a)(b)(d)
    460       469  
RSC Equipment Rental, Inc., 10.000%, 07/15/17, Callable 07/15/13 @ 105(b)
    90       95  
Ticketmaster Entertainment, Inc., 10.750%, 08/01/16, Callable 08/01/12 @ 105.38
    10       11  
United Rentals NA, Inc., 9.250%, 12/15/19, Callable 12/15/14 @ 104.63
    1,425       1,454  
Veolia Environnement, 6.000%, 06/01/18
    3,996       4,274  
Xerox Corp., 5.500%, 05/15/12
    2,435       2,583  
Xerox Corp., 6.350%, 05/15/18
    3,414       3,698  
                 
              19,001  
                 
Computers (1.0%)
Hewlett-Packard Co., 4.500%, 03/01/13
    1,611       1,725  
Hewlett-Packard Co., 6.125%, 03/01/14
    240       270  
IBM Corp., 7.625%, 10/15/18
    10,974       13,511  
Seagate Technology International Co. Ltd., 10.000%, 05/01/14, Callable 05/01/13 @ 105(b)
    25       28  
                 
              15,534  
                 
Consumer Staples (1.3%)
Dean Foods Co., 7.000%, 06/01/16
    280       274  
Jarden Corp., 7.500%, 01/15/20, Callable 01/15/15 @ 103.75
    200       202  
Kellogg Co., 4.250%, 03/06/13
    2,827       2,987  
Kimberly-Clark Corp., 7.500%, 11/01/18
    1,769       2,148  
Kroger Co. (The), 7.500%, 01/15/14
    2,679       3,093  
Procter & Gamble Co., 4.600%, 01/15/14
    6,885       7,398  
Revlon Consumer Products Corp., 9.750%, 11/15/15, Callable 11/15/12 @ 104.88(b)
    100       103  
Stater Brothers Holdings, Inc., 7.750%, 04/15/15, Callable 04/15/11 @ 103.88
    310       313  
SUPERVALU, Inc., 8.000%, 05/01/16
    455       461  
Walgreen Co., 4.875%, 08/01/13
    3,359       3,657  
                 
              20,636  
                 
Diversified Financial Services (8.1%)
American General Finance Corp., Ser H, MTN, 5.375%, 10/01/12
    250       235  
American General Finance Corp., Ser I, MTN, 5.400%, 12/01/15
    405       349  
American General Finance Corp., Ser J, MTN, 6.900%, 12/15/17
    1,500       1,314  
Bank of America Corp., Ser K, 8.000%(e)
    1,085       1,107  
BP Capital Markets PLC, 5.250%, 11/07/13
    10,143       11,162  
Cemex Finance LLC, 9.500%, 12/14/16, Callable 12/14/13 @ 104.75(b)
    100       104  
CIT Group, Inc., 7.000%, 05/01/13, Callable 05/07/10 @ 103.50(d)
    850       827  
CIT Group, Inc., 7.000%, 05/01/14, Callable 05/07/10 @ 103.50(d)
    110       104  
CIT Group, Inc., 7.000%, 05/01/15, Callable 05/07/10 @ 103.50
    590       550  
CIT Group, Inc., 7.000%, 05/01/16, Callable 05/07/10 @ 103.50
    620       572  
CIT Group, Inc., 7.000%, 05/01/17, Callable 05/07/10 @ 103.50
    575       530  
Citigroup Capital XXI, 8.300%, 12/21/57, Callable 12/21/37 @ 100(a)
    495       501  
CME Group, Inc., 5.400%, 08/01/13
    3,516       3,836  
 
See Notes to Financial Statements.


70


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Intermediate Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Diversified Financial Services—continued
                 
CME Group, Inc., 5.750%, 02/15/14
    5,980       6,565  
CNG Holdings, Inc., 12.250%, 02/15/15, Callable 02/15/13 @ 106.12(b)
    106       103  
Credit Suisse (USA), Inc., 5.300%, 08/13/19
    7,550       7,742  
Ford Motor Credit Co. LLC, 7.800%, 06/01/12
    100       104  
Ford Motor Credit Co. LLC, 7.500%, 08/01/12
    200       207  
Ford Motor Credit Co. LLC, 7.000%, 10/01/13
    45       47  
Ford Motor Credit Co. LLC, 8.700%, 10/01/14
    1,275       1,382  
Ford Motor Credit Co. LLC, 8.125%, 01/15/20
    200       210  
Fund American Cos., Inc., 5.875%, 05/15/13
    6,090       6,268  
GMAC, Inc., 8.300%, 02/12/15(b)
    175       184  
GMAC, Inc., 8.000%, 03/15/20(b)
    225       231  
GMAC, Inc., 8.000%, 11/01/31
    1,680       1,604  
GMAC, Inc., Ser 8, 6.750%, 12/01/14
    430       428  
Icahn Enterprises LP, 8.000%, 01/15/18, Callable 01/15/14 @ 104(b)(d)
    1,065       1,026  
ILFC E-Capital Trust II, 6.250%, 12/21/65, Callable 12/21/15 @ 100(a)(b)
    100       77  
International Lease Finance Corp., 8.625%, 09/15/15^(b)
    220       225  
International Lease Finance Corp., 8.750%, 03/15/17^(b)
    400       409  
Jefferies Group, Inc., 5.875%, 06/08/14
    2,896       3,019  
Jefferies Group, Inc., 8.500%, 07/15/19
    6,770       7,510  
JPMorgan Chase & Co., 6.300%, 04/23/19
    8,086       8,923  
Lazard Group LLC, 7.125%, 05/15/15
    4,173       4,382  
Lazard Group LLC, 6.850%, 06/15/17
    614       625  
LBI Escrow Corp., 8.000%, 11/01/17, Callable 05/01/13 @ 106^(b)
    440       456  
Morgan Stanley, 7.300%, 05/13/19
    8,208       9,068  
NASDAQ OMX Group, Inc. (The), 5.550%, 01/15/20
    6,487       6,451  
New Communications Holdings, Inc., 7.875%, 04/15/15^(b)
    190       195  
New Communications Holdings, Inc., 8.250%, 04/15/17^(b)
    310       315  
New Communications Holdings, Inc., 8.500%, 04/15/20^(b)
    390       393  
Provident Funding Association LP, 10.250%, 04/15/17, Callable 04/15/14 @ 105.13^(b)
    335       338  
Rio Tinto Finance (USA) Ltd., 5.875%, 07/15/13
    6,518       7,165  
Rio Tinto Finance (USA) Ltd., 6.500%, 07/15/18
    5,761       6,484  
SunGard Data Systems, Inc., 9.125%, 08/15/13, Callable 08/15/10 @ 102.28
    365       374  
TIAA Global Markets, 5.125%, 10/10/12(b)
    4,965       5,334  
UPC Germany GmbH, 8.125%, 12/01/17, Callable 12/01/12 @ 108.12(b)
    350       361  
Woodside Finance Ltd., 8.125%, 03/01/14(b)
    3,868       4,430  
Woodside Finance Ltd., 8.750%, 03/01/19(b)
    10,438       12,814  
                 
              126,640  
                 
Diversified Minerals (0.0%)
FMG Finance Property Ltd., 10.625%, 09/01/16(b)
    290       334  
Teck Cominco Ltd., 6.125%, 10/01/35
    25       23  
                 
              357  
                 
Diversified Operations (0.7%)
Amsted Industries, Inc., 8.125%, 03/15/18, Callable 03/15/14 @ 104.06(b)
    360       360  
Illinois Tool Works, Inc., 6.250%, 04/01/19
    6,656       7,498  
Koppers, Inc., 7.875%, 12/01/19, Callable 12/01/14 @ 103.94(b)
    22       23  
 
See Notes to Financial Statements.


71


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Intermediate Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Diversified Operations—continued
                 
Leucadia National Corp., 8.125%, 09/15/15
    1,620       1,679  
McJunkin Red Man Corp., 9.500%, 12/15/16, Callable 12/15/12 @ 107.12(b)
    620       633  
                 
              10,193  
                 
Electric (2.4%)
AES Corp. (The), 7.750%, 03/01/14
    300       307  
AES Corp. (The), 9.750%, 04/15/16(b)
    25       27  
AES Corp. (The), 8.000%, 10/15/17
    425       431  
AES Ironwood LLC, 8.857%, 11/30/25
    181       178  
Alabama Power Co., 5.800%, 11/15/13
    3,793       4,246  
Baldor Electric Co., 8.625%, 02/15/17, Callable 02/15/12 @ 104.31
    160       169  
Calpine Corp., 7.250%, 10/15/17, Callable 10/15/13 @ 103.63(b)
    535       526  
Duke Energy Carolinas LLC, Ser C, 7.000%, 11/15/18
    1,651       1,945  
E.ON International Finance BV, 5.800%, 04/30/18(b)
    7,887       8,528  
Edison Mission Energy, 7.500%, 06/15/13(d)
    350       304  
Edison Mission Energy, 7.000%, 05/15/17
    210       147  
Edison Mission Energy, 7.200%, 05/15/19
    380       262  
Energy Future Holdings Corp., 10.000%, 01/15/20, Callable 01/15/15 @ 105(b)
    260       271  
Exelon Generation Co. LLC, 6.200%, 10/01/17
    4,214       4,586  
Georgia Power Co., 6.000%, 11/01/13
    2,373       2,670  
Inergy LP/Inergy Finance Corp., 8.750%, 03/01/15, Callable 03/01/13 @ 104.38
    115       120  
MidAmerican Energy Holdings Co., Ser D, 5.000%, 02/15/14
    5,098       5,407  
NRG Energy, Inc., 8.500%, 06/15/19, Callable 06/15/14 @ 104.25
    1,315       1,331  
Pacific Gas & Electric Co., 8.250%, 10/15/18
    1,180       1,441  
Sithe/Independence Funding, Ser A, 9.000%, 12/30/13
    418       432  
Southern California Edison Co., 5.750%, 03/15/14
    4,428       4,919  
United Maritime Group LLC/ Finance Corp., 11.750%, 06/15/15, Callable 12/15/12 @ 105.88(b)
    175       179  
                 
              38,426  
                 
Electronics (0.0%)
Jabil Circuit, Inc., 7.750%, 07/15/16
    105       111  
Viasystems Group, Inc., 12.000%, 01/15/15, Callable 07/15/12 @ 106(b)
    40       43  
                 
              154  
                 
Entertainment (0.1%)
Penn National Gaming, Inc., 8.750%, 08/15/19, Callable 08/15/14 @ 104.38(b)
    310       315  
Scientific Games International, Inc., 9.250%, 06/15/19, Callable 06/15/14 @ 104.63
    485       513  
Speedway Motorsports, Inc., 8.750%, 06/01/16, Callable 06/01/13 @ 104.38
    165       176  
Videotron Ltee, 6.875%, 01/15/14, Callable 04/30/10 @ 102.29
    300       304  
WMG Holdings Corp., 9.500%, 12/15/14, Callable 04/30/10 @ 104.75
    295       297  
                 
              1,605  
                 
Forest Products & Paper (0.0%)
Boise Paper Holdings LLC/Finance Co., 9.000%, 11/01/17, Callable 11/01/13 @ 104.50(b)
    90       95  
NewPage Corp., 11.375%, 12/31/14, Callable 03/31/12 @ 105(d)
    555       552  
Verso Paper Holdings LLC, 11.500%, 07/01/14, Callable 01/01/12 @ 105(b)
    100       108  
                 
              755  
                 
                 
 
See Notes to Financial Statements.


72


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Intermediate Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Health Care (0.8%)
Apria Healthcare Group, Inc., Ser A1, 11.250%, 11/01/14, Callable 11/01/11 @ 105.62(b)
    400       435  
Biomet, Inc., 10.000%, 10/15/17, Callable 10/15/12 @ 105
    570       628  
Community Health Systems, Inc., 8.875%, 07/15/15, Callable 07/15/11 @ 104.44
    785       813  
Elan Financial PLC/Elan Financial Corp., 8.875%, 12/01/13, Callable 12/01/10 @ 104.44
    75       77  
Elan Financial PLC/Elan Financial Corp., 8.750%, 10/15/16, Callable 10/15/12 @ 108.75(b)
    100       99  
HCA, Inc., 9.250%, 11/15/16, Callable 11/15/11 @ 104.63
    1,520       1,616  
HCA, Inc., 9.875%, 02/15/17, Callable 02/15/13 @ 104.94(b)
    105       115  
HCA, Inc., 7.250%, 09/15/20, Callable 03/15/15 @ 103.63(b)
    385       390  
Inverness Medical Innovations, Inc., 7.875%, 02/01/16, Callable 02/01/13 @ 103.94
    315       308  
Pfizer, Inc., 6.200%, 03/15/19
    5,613       6,340  
Tenet Healthcare Corp., 8.875%, 07/01/19, Callable 07/01/14 @ 104.44(b)
    335       363  
U.S. Oncology, Inc., 9.125%, 08/15/17, Callable 08/15/13 @ 104.56
    160       167  
Universal Hospital Services, Inc. PIK, 8.500%, 06/01/15, Callable 06/01/11 @ 104.25
    610       607  
                 
              11,958  
                 
Household Products/Wares (0.0%)
ACCO Brands Corp., 10.625%, 03/15/15, Callable 09/15/12 @ 105.31(b)
    125       137  
                 
Industrials (0.0%)
Mohawk Industries, Inc., 6.125%, 01/15/16(c)
    170       175  
                 
Information Technology (0.0%)
Zayo Group LLC, 10.250%, 03/15/17, Callable 03/15/13 @ 105.13(b)
    445       449  
                 
Insurance (0.9%)
American General Institutional Capital, Ser B, 8.125%, 03/15/46(b)
    150       140  
American International Group, Inc., 8.175%, 05/15/58, Callable 05/15/38 @ 100(a)
    160       135  
Berkshire Hathaway, Inc., 4.600%, 05/15/13
    3,835       4,089  
Berkshire Hathaway, Inc., 3.200%, 02/11/15
    8,600       8,673  
Genworth Financial, Inc., 6.150%, 11/15/66, Callable 11/15/16 @ 100(a)
    75       58  
Hartford Financial Services Group, Inc., 8.125%, 06/15/38, Callable 06/15/18 @ 100(a)
    150       156  
ING Capital Funding Trust III, 8.439%,(e)
    320       302  
ING Groep NV, 5.775%,(e)
    130       111  
Liberty Mutual Group, 7.800%, 03/15/37(b)
    125       111  
Liberty Mutual Group, 10.750%, 06/15/58, Callable 06/15/38 @ 100(a)(b)
    130       145  
Liberty Mutual Group, Ser B, 7.000%, 03/15/37, Callable 03/15/17 @ 100(a)(b)
    130       111  
Lincoln National Corp., 7.000%, 05/17/66, Callable 05/17/16 @ 100(a)
    80       73  
Lincoln National Corp., 6.050%, 04/20/67, Callable 04/20/17 @ 100(a)
    65       54  
                 
              14,158  
                 
Lodging (0.2%)
Ameristar Casinos, Inc., 9.250%, 06/01/14, Callable 12/01/11 @ 104.63
    435       456  
 
See Notes to Financial Statements.


73


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Intermediate Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Lodging—continued
                 
Harrah’s Operating Co., Inc., 11.250%, 06/01/17, Callable 06/01/13 @ 105.62
    165       178  
MGM Mirage, Inc., 10.375%, 05/15/14(b)
    795       876  
MGM Mirage, Inc., 9.000%, 03/15/20, Callable 03/15/14 @ 104.50(b)
    190       196  
MTR Gaming Group, Inc., 12.625%, 07/15/14, Callable 07/15/11 @ 106.31(b)
    90       87  
Wynn Las Vegas LLC, 6.625%, 12/01/14, Callable 12/01/10 @ 102.21(d)
    140       140  
Wynn Las Vegas LLC, 7.875%, 11/01/17, Callable 11/01/13 @ 103.94(b)
    660       671  
                 
              2,604  
                 
Machinery Diversified (0.1%)
Altra Holdings, Inc., 8.125%, 12/01/16, Callable 12/01/12 @ 106.09(b)
    55       56  
Case New Holland, Inc., 7.750%, 09/01/13(b)
    40       41  
CPM Holdings, Inc., 10.625%, 09/01/14, Callable 09/01/12 @ 105.31(b)
    50       53  
Manitowoc Co., Inc. (The), 9.500%, 02/15/18, Callable 02/15/14 @ 104.75
    260       271  
Terex Corp., 10.875%, 06/01/16, Callable 06/01/13 @ 105.44
    480       532  
                 
              953  
                 
Materials (1.1%)
Newmont Mining Corp., 5.125%, 10/01/19
    15,859       15,954  
Steel Dynamics, Inc., 7.750%, 04/15/16, Callable 04/15/12 @ 103.88(a)(b)
    385       402  
Steel Dynamics, Inc., 7.625%, 03/15/20, Callable 03/15/15 @ 103.81(b)
    270       277  
                 
              16,633  
                 
Media (1.2%)
Clear Channel Worldwide Holdings, Inc., Ser A, 9.250%, 12/15/17, Callable 12/15/12 @ 106.94(b)
    110       114  
Clear Channel Worldwide Holdings, Inc., Ser B, 9.250%, 12/15/17, Callable 12/15/12 @ 106.94(b)
    565       590  
DISH DBS Corp., 7.875%, 09/01/19
    315       328  
EchoStar DBS Corp., 7.750%, 05/31/15
    145       151  
EchoStar DBS Corp., 7.125%, 02/01/16
    85       87  
Media General, Inc., 11.750%, 02/15/17, Callable 02/15/14 @ 105.88(b)
    290       287  
Mediacom Broadband LLC, 8.500%, 10/15/15, Callable 10/15/10 @ 104.25
    295       302  
Mediacom LLC/Capital Corp., 9.125%, 08/15/19, Callable 08/15/14 @ 104.56(b)
    125       129  
Salem Communications Corp., 9.625%, 12/15/16, Callable 12/15/13 @ 104.81
    170       178  
Sinclair Television Group, Inc., 9.250%, 11/01/17, Callable 11/01/13 @ 104.63(b)
    345       363  
Sirius XM Radio, Inc., 9.750%, 09/01/15, Callable 09/01/12 @ 104.88(b)
    85       92  
Sun Media Corp., 7.625%, 02/15/13, Calllable 2/15/11 @ 100
    23       23  
Thomson Reuters Corp., 5.950%, 07/15/13
    798       882  
Time Warner Cable, Inc., 8.250%, 02/14/14
    4,349       5,103  
Time Warner Cable, Inc., 5.850%, 05/01/17
    8,017       8,584  
Time Warner, Inc., 4.875%, 03/15/20
    936       914  
Univision Communications, Inc., 12.000%, 07/01/14, Callable 07/01/11 @ 106(b)
    90       98  
 
See Notes to Financial Statements.


74


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Intermediate Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Media—continued
                 
UPC Holding BV, 9.875%, 04/15/18, Callable 04/15/14 @ 104.94(b)
    100       105  
                 
              18,330  
                 
Metals (0.9%)
ArcelorMittal, 6.125%, 06/01/18
    6,195       6,503  
ArcelorMittal, 9.850%, 06/01/19
    3,979       5,057  
Barrick Gold Corp., 6.950%, 04/01/19
    2,243       2,567  
                 
              14,127  
                 
Miscellaneous Manufacturer (1.0%)
Bombardier, Inc., 8.000%, 11/15/14, Callable 11/15/10 @ 104(b)
    75       79  
Bombardier, Inc., 7.500%, 03/15/18(b)
    105       109  
Bombardier, Inc., 7.750%, 03/15/20(b)
    155       162  
General Electric Co., 5.000%, 02/01/13
    4,428       4,773  
General Electric Co., 5.250%, 12/06/17
    2,716       2,849  
Siemens Financierings NV, 5.750%, 10/17/16(b)
    3,226       3,511  
Wesfarmers Ltd., 6.998%, 04/10/13(b)
    4,203       4,591  
                 
              16,074  
                 
Oil & Gas (2.4%)
Antero Resources Finance Corp., 9.375%, 12/01/17, Callable 12/01/13 @ 104.69(b)
    340       350  
Aquilex Holdings LLC/Aquilex Finance, 11.125%, 12/15/16, Callable 12/15/13 @ 105.56(b)
    180       193  
Bill Barrett Corp., 9.875%, 07/15/16, Callable 07/15/13 @ 104.94
    175       189  
Chesapeake Energy Corp., 9.500%, 02/15/15
    535       582  
Chesapeake Energy Corp., 6.375%, 06/15/15, Callable 12/15/10 @ 102.125
    135       133  
Chesapeake Energy Corp., 6.500%, 08/15/17
    55       53  
Chesapeake Energy Corp., 7.250%, 12/15/18
    240       240  
Chesapeake Energy Corp., 6.875%, 11/15/20
    75       73  
Cie Generale De Geophysique, 9.500%, 05/15/16, Callable 05/15/13 @ 104.75
    115       123  
Coffeyville Resources LLC, 9.000%, 04/01/15, Callable 04/01/12 @ 106.75^(b)
    230       234  
Coffeyville Resources LLC, 10.875%, 04/01/17, Callable 04/01/13 @ 108.16^(b)
    140       139  
Encore Acquisition Co., 9.500%, 05/01/16, Callable 05/01/13 @ 104.75
    120       130  
Halliburton Co., 6.150%, 09/15/19
    4,062       4,553  
Linn Energy LLC, 9.875%, 07/01/18, Callable 07/01/13 @ 104.94
    70       75  
Linn Energy LLC/Finance Corp., 8.625%, 04/15/20, Callable 04/15/15 @ 104.31^(b)
    395       395  
Niska Gas Storage Partners LLC, 8.875%, 03/15/18, Callable 03/15/14 @ 104.44(b)
    485       496  
OPTI Canada, Inc., 9.000%, 12/15/12, Callable 12/15/10 @ 102(b)
    195       201  
Penn Virginia Corp., 10.375%, 06/15/16, Callable 06/15/13 @ 105.19
    75       81  
Petrohawk Energy Corp., 9.125%, 07/15/13, Callable 07/15/10 @ 104.56
    460       480  
Pioneer Drilling Co., 9.875%, 03/15/18, Callable 03/15/14 @ 104.94(b)
    225       223  
Pioneer Natural Resources Co., 6.650%, 03/15/17
    110       110  
Plains Exploration & Production Co., 7.625%, 06/01/18, Callable 06/01/13 @ 103.81
    200       202  
 
See Notes to Financial Statements.


75


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Intermediate Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Oil & Gas—continued
                 
Plains Exploration & Production Co., 8.625%, 10/15/19, Callable 10/15/14 @ 104.31
    60       64  
Praxair, Inc., 1.750%, 11/15/12
    10,959       10,974  
Praxair, Inc., 4.625%, 03/30/15
    4,467       4,760  
Range Resources Corp., 7.500%, 05/15/16, Callable 05/15/11 @ 103.75
    125       129  
RDS Ultra-Deepwater Ltd., 11.875%, 03/15/17, Callable 03/15/14 @ 105.94(b)
    190       195  
SandRidge Energy, Inc., 8.000%, 06/01/18, Callable 06/01/13 @ 104(b)
    300       285  
SandRidge Energy, Inc., 8.750%, 01/15/20, Callable 01/15/15 @ 104.38(b)
    220       214  
Tesoro Corp., 9.750%, 06/01/19, Callable 06/01/14 @ 104.88
    95       99  
Transocean, Inc., 6.000%, 03/15/18
    4,312       4,694  
Weatherford International Ltd., 4.950%, 10/15/13
    1,160       1,231  
Weatherford International Ltd., 9.625%, 03/01/19
    3,617       4,577  
Western Refining, Inc., 10.750%, 06/15/14, Callable 12/15/11 @ 105(a)(b)
    75       68  
Western Refining, Inc., 11.250%, 06/15/17, Callable 06/15/13 @ 105.62(b)
    905       814  
                 
              37,359  
                 
Packaging & Containers (0.0%)
Graphic Packaging International, Inc., 9.500%, 08/15/13, Callable 08/15/10 @ 101.58
    140       143  
Graphic Packaging International, Inc., 9.500%, 06/15/17, Callable 06/15/13 @ 104.75
    70       75  
Plastipak Holdings, Inc., 10.625%, 08/15/19, Callable 08/15/14 @ 105.31(b)
    60       67  
Rock-Tenn Co., 9.250%, 03/15/16, Callable 03/15/12 @ 104.63(b)
    35       38  
                 
              323  
                 
Pharmaceuticals (4.0%)
Abbott Laboratories, 5.600%, 11/30/17
    6,987       7,692  
AstraZeneca PLC, 5.900%, 09/15/17
    11,212       12,523  
BioScrip, Inc., 10.250%, 10/01/15, Callable 04/01/13 @ 105.13(b)
    105       107  
Covidien International Finance SA, 6.000%, 10/15/17
    4,124       4,523  
Express Scripts, Inc., 5.250%, 06/15/12
    5,418       5,777  
GlaxoSmithKline Capital, Inc., 5.650%, 05/15/18
    4,835       5,250  
Novartis Securities Investment Ltd., 5.125%, 02/10/19
    3,449       3,655  
PharmaNet Development Group, Inc., 10.875%, 04/15/17, Callable 04/15/14 @ 105.44^(b)
    320       324  
Rite Aid Corp., 7.500%, 03/01/17, Callable 03/01/12 @ 103.75
    170       158  
Roche Holdings, Inc., 6.000%, 03/01/19(b)
    14,360       15,870  
Schering-Plough Corp., 6.000%, 09/15/17
    5,206       5,858  
Teva Pharmaceutical Finance LLC, 5.550%, 02/01/16
    1,040       1,139  
Valeant Pharmaceuticals International, 8.375%, 06/15/16, Callable 06/15/12 @ 104.19(b)
    75       78  
                 
              62,954  
                 
Pipelines (2.7%)
CenterPoint Energy Resources Corp., Ser B, 7.875%, 04/01/13
    2,503       2,866  
 
See Notes to Financial Statements.


76


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Intermediate Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Pipelines—continued
                 
Copano Energy LLC, 8.125%, 03/01/16, Callable 03/01/11 @ 104.06
    185       187  
Dynegy Holdings, Inc., 7.500%, 06/01/15
    945       784  
Dynegy Holdings, Inc., 7.750%, 06/01/19
    450       340  
El Paso Corp., 7.875%, 06/15/12
    400       424  
El Paso Corp., 7.000%, 06/15/17
    75       77  
El Paso Corp., 7.250%, 06/01/18
    110       113  
El Paso Corp., MTN, 8.250%, 02/15/16
    300       320  
El Paso Corp., Ser G, MTN, 8.050%, 10/15/30
    60       60  
El Paso Corp., Ser G, MTN, 7.800%, 08/01/31
    70       69  
El Paso Corp., Ser G, MTN, 7.750%, 01/15/32
    575       565  
El Paso Natural Gas, 5.950%, 04/15/17
    843       878  
Energy Transfer Partners LP, 6.700%, 07/01/18
    6,146       6,714  
Energy Transfer Partners LP, 9.000%, 04/15/19
    3,371       4,139  
Enterprise Products Operating LP, 5.250%, 01/31/20
    8,322       8,398  
Enterprise Products Operating LP, Ser B, 5.600%, 10/15/14
    5,222       5,652  
MarkWest Energy Partners LP, Ser B, 8.750%, 04/15/18, Callable 04/15/13 @ 104.38
    690       708  
Regency Energy Partners LP, 9.375%, 06/01/16, Callable 06/01/13 @ 104.69(b)
    110       117  
Rockies Express Pipeline LLC, 6.850%, 07/15/18(b)
    3,473       3,774  
Southern Natural Gas Co., 5.900%, 04/01/17(b)
    568       592  
TransCanada Pipelines Ltd., 7.125%, 01/15/19
    4,064       4,761  
Transcontinental Gas Pipeline Corp., 6.050%, 06/15/18
    1,074       1,169  
                 
              42,707  
                 
Real Estate Investment Trusts (0.7%)
Digital Realty Trust LP, 5.875%, 02/01/20(b)
    1,763       1,724  
DuPont Fabros Technology LP, 8.500%, 12/15/17, Callable 12/15/13 @ 104.25(b)
    160       165  
FelCor Lodging LP, 10.000%, 10/01/14(d)
    120       123  
Healthcare Realty Trust, Inc., 6.500%, 01/17/17
    8,517       8,738  
Host Hotels & Resorts LP, 9.000%, 05/15/17, Callable 05/15/13 @ 104.50(b)(d)
    375       405  
Reckson Operating Partnership LP, 7.750%, 03/15/20(b)
    295       300  
                 
              11,455  
                 
Retail (1.3%)
Ferrellgas Partners LP, 9.125%, 10/01/17, Callable 10/01/13 @ 104.56(b)
    60       63  
Macy’s Retail Holdings, Inc., 5.875%, 01/15/13
    35       37  
Macy’s Retail Holdings, Inc., 5.750%, 07/15/14
    175       178  
Macy’s Retail Holdings, Inc., 5.900%, 12/01/16
    1,205       1,202  
QVC, Inc., 7.500%, 10/01/19, Callable 10/01/14 @ 103.75(b)
    140       143  
Tesco PLC, 5.500%, 11/15/17(b)
    4,344       4,655  
Toys “R” Us Property Co. LLC, 10.750%, 07/15/17, Callable 07/15/13 @ 105.38(b)
    195       217  
Toys “R” Us Property Co. LLC, 8.500%, 12/01/17, Callable 12/01/13 @ 104.25(b)
    560       581  
Wal-Mart Stores, Inc., 5.800%, 02/15/18
    12,457       13,902  
                 
              20,978  
                 
Semiconductors (0.0%)
Advanced Micro Devices, Inc., 8.125%, 12/15/17, Callable 12/15/13 @ 104.06(b)
    60       62  
 
See Notes to Financial Statements.


77


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Intermediate Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Semiconductors—continued
                 
Amkor Technologies, Inc., 9.250%, 06/01/16, Callable 06/01/11 @ 104.63
    380       401  
                 
              463  
                 
Software (0.4%)
Oracle Corp., 5.750%, 04/15/18
    5,906       6,478  
                 
Telecommunication Services (4.3%)
AT&T, Inc., 4.950%, 01/15/13
    4,233       4,547  
AT&T, Inc., 5.100%, 09/15/14
    4,380       4,739  
CC Holdings GS V LLC, 7.750%, 05/01/17, Callable 05/01/13 @ 103.88(b)
    4,985       5,434  
Cellco Partnership/Verizon Wireless, 5.550%, 02/01/14
    4,884       5,337  
Cincinnati Bell, Inc., 8.250%, 10/15/17, Callable 10/15/13 @ 104.13
    345       349  
Cisco Systems, Inc., 5.500%, 02/22/16
    3,428       3,820  
Cisco Systems, Inc., 4.450%, 01/15/20
    4,508       4,483  
Clearwire Communication LLC/Finance, Inc., 12.000%, 12/01/15, Callable 12/01/12 @ 106(b)
    15       15  
Comcast Corp., 4.950%, 06/15/16
    2,336       2,435  
DigitalGlobe, Inc., 10.500%, 05/01/14, Callable 05/01/12 @ 105.25(b)
    285       307  
Frontier Communications Corp., 8.250%, 05/01/14
    105       110  
GeoEye, Inc., 9.625%, 10/01/15, Callable 10/01/13 @ 104.81(b)
    470       481  
Global Crossing (UK) Finance PLC, 10.750%, 12/15/14, Callable 12/15/10 @ 103.58
    100       105  
Global Crossing Ltd., 12.000%, 09/15/15, Callable 09/15/12 @ 106(b)
    505       561  
Hughes Network Systems LLC/HNS Finance Corp., 9.500%, 04/15/14, Callable 04/15/10 @ 104.75
    95       97  
Inmarsat Finance PLC, 7.375%, 12/01/17, Callable 12/01/13 @ 103.69(b)
    150       156  
Intelsat Jackson Holdings Ltd., 8.500%, 11/01/19, Callable 11/01/14 @ 104.25(b)
    1,275       1,339  
Intelsat Subsidiary Holding Co. Ltd., 8.500%, 01/15/13, Callable 04/30/10 @ 102.13
    295       299  
Level 3 Financing, Inc., 9.250%, 11/01/14, Callable 11/01/10 @ 104.63
    90       88  
Level 3 Financing, Inc., 8.750%, 02/15/17, Callable 02/15/12 @ 104.38
    260       238  
Level 3 Financing, Inc., 10.000%, 02/01/18, Callable 02/01/14 @ 105(b)
    855       816  
Nextel Communications, Inc., Ser D, 7.375%, 08/01/15, Callable 08/01/10 @ 100.92
    1,320       1,254  
Nextel Communications, Inc., Ser E, 6.875%, 10/31/13, Callable 10/31/10 @ 100.86
    70       68  
NII Capital Corp., 8.875%, 12/15/19, Callable 12/15/14 @ 104.44(b)
    325       336  
Paetec Holding Corp., 8.875%, 06/30/17, Callable 06/30/13 @ 104.44
    235       241  
Qwest Communications International, Inc., 8.000%, 10/01/15, Callable 10/01/12 @ 104(b)
    745       793  
Qwest Communications International, Inc., 7.125%, 04/01/18, Callable 04/01/13 @ 103.56(b)
    605       625  
Qwest Corp., 7.250%, 10/15/35, Callable 10/15/15 @ 101.94
    210       203  
Rogers Wireless, Inc., 7.500%, 03/15/15
    1,602       1,870  
 
See Notes to Financial Statements.


78


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Intermediate Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Telecommunication Services—continued
                 
Sable International Finance Ltd., 7.750%, 02/15/17, Callable 02/15/14 @ 103.88(b)
    150       156  
Sprint Capital Corp., 8.750%, 03/15/32
    710       659  
Verizon Communications, Inc., 5.250%, 04/15/13
    3,727       4,072  
Verizon Communications, Inc., 5.550%, 02/15/16
    2,225       2,433  
Verizon Communications, Inc., 8.750%, 11/01/18
    7,920       9,936  
Viasat, Inc., 8.875%, 09/15/16, Callable 09/15/12 @ 106.66(b)
    670       685  
Virgin Media Finance PLC, 8.750%, 04/15/14, Callable 04/15/10 @ 102.92
    49       50  
Virgin Media Finance PLC, 8.375%, 10/15/19, Callable 10/15/14 @ 104.19
    375       385  
Virgin Media Finance PLC, Ser 1, 9.500%, 08/15/16, Callable 08/15/13 @ 104.75(d)
    160       175  
Vodafone Group PLC, 5.500%, 06/15/11
    4,538       4,758  
Wind Acquisition Finance SA, 12.000%, 12/01/15, Callable 12/01/10 @ 105.38(b)
    300       324  
Wind Acquisition Finance SA, 11.750%, 07/15/17, Callable 07/15/13 @ 105.88(b)
    365       403  
Wind Acquisition Finance SA, 12.250%, 07/15/17, Callable 07/15/13 @ 106.12(b)
    1,595       1,579  
Windstream Corp., 8.625%, 08/01/16, Callable 08/01/11 @ 104.31
    115       118  
Windstream Corp., 7.875%, 11/01/17
    280       276  
                 
              67,155  
                 
Transportation (1.2%)
General Maritime Corp., 12.000%, 11/15/17, Callable 11/15/13 @ 106(b)
    130       139  
Martin Midstream Partners LP/Finance Corp., 8.875%, 04/01/18, Callable 04/01/14 @ 104.44(b)
    210       212  
Overseas Shipholding Group, Inc., 8.125%, 03/30/18
    185       184  
Paccar, Inc., 6.375%, 02/15/12
    3,550       3,855  
RailAmerica, Inc., 9.250%, 07/01/17, Calllable 07/01/13 @ 104.63
    472       503  
Royal Caribbean Cruises Ltd., 8.750%, 02/02/11
    25       26  
Royal Caribbean Cruises Ltd., 7.000%, 06/15/13
    15       15  
Royal Caribbean Cruises Ltd., 6.875%, 12/01/13
    15       15  
Royal Caribbean Cruises Ltd., 11.875%, 07/15/15(d)
    180       212  
Teekay Corp., 8.500%, 01/15/20
    200       209  
Union Pacific Corp., 7.875%, 01/15/19
    11,472       13,782  
                 
              19,152  
                 
Total Corporate Bonds
            678,754  
                 
Convertible Corporate Bonds (0.0%)
Diversified Financial Services (0.0%)
AmeriCredit Corp., 0.750%, 09/15/11
    195       196  
Jefferies Group, Inc., 3.875%, 11/01/29, Callable 11/01/17 @ 100
    120       119  
                 
Total Convertible Corporate Bonds
            315  
                 
U.S. Government Agency Mortgages (0.0%)
Federal National Mortgage Association (0.0%)
5.725%, 03/01/12
    191       203  
6.260%, 05/01/12
    292       315  
                 
Total U.S. Government Agency Mortgages
            518  
                 
U.S. Treasury Obligations (53.2%)
U.S. Treasury Notes (53.2%)
2.125%, 04/30/10
    170,909       171,176  
2.875%, 06/30/10(f)
    152,834       153,855  
1.375%, 03/15/12(f)
    49,449       49,828  
3.125%, 09/30/13
    132,184       137,833  
2.125%, 11/30/14
    146,560       144,636  
 
See Notes to Financial Statements.


79


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Intermediate Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
U.S. Treasury Notes—continued
                 
3.750%, 11/15/18
    112,624       113,477  
3.625%, 02/15/20
    66,247       65,119  
                 
Total U.S. Treasury Obligations
            835,924  
                 
Preferred Stock (0.0%)
Diversified Financial Services (0.0%)
Citigroup Capital XII, 8.500%, 03/30/40, Callable 03/30/15 @ 25
    8,000       204  
                 
Total Preferred Stock
            204  
                 
Units (0.0%)
Commercial Services (0.0%)
Alion Science & Technology Corp.(g)
    100       101  
                 
Information Technology (0.0%)
Stratus Technologies, Inc.,^(b)(h)
    120       116  
                 
Total Units
            217  
                 
Short-Term Investment (0.2%)
RidgeWorth Funds Securities Lending Joint Account(i)(j)
    3,471       3,471  
                 
Total Short-Term Investment
            3,471  
                 
Money Market Fund (5.1%)
RidgeWorth Institutional Cash Management Money Market Fund(i)
    79,709,220       79,709  
                 
Total Money Market Fund
            79,709  
                 
Total Investments (Cost $1,574,218)(k) — 103.0%
            1,619,682  
Liabilities in excess of other assets — (3.0)%
            (47,507 )
                 
Net Assets — 100.0%
          $ 1,572,175  
                 
 
 
^ Denotes investment purchased on a when-issued or delayed-delivery basis.
 
(a) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(b) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/ subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 8.4% of net assets as of March 31, 2010.
 
(c) Step bond. The rate shown is the rate in effect as of March 31, 2010.
 
(d) This security or a partial position of the security was on loan as of March 31, 2010. The total value of securities on loan as of March 31, 2010, in thousands, was $3,325.
 
(e) Perpetual maturity.
 
(f) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(g) Each unit consists of $1,000 principal amount of 12.000% senior secured notes due on November 1, 2014 and one warrant to purchase 1.9439 shares of common stock.
 
(h) Each unit consists of $480 principal amount of 12.000% senior secured notes of Stratus Technologies Bermuda, Ltd. due on March 29, 2015, $520 principal amount of 12.000% senior secured notes of Stratus Technologies Inc. due on March 29, 2015, 20.61 shares of common stock and 4.69 shares of preferred stock.
 
(i) Affiliated investment.
 
(j) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2010 (See Notes to Financial Statements).
 
(k) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
MTN
— Medium Term Note
 
PIK — Payment in-kind
 
See Notes to Financial Statements.


80


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Intermediate Bond Fund — concluded
 
Credit Default Swap Agreements — Buy Protection
 
                                                       
                    Upfront
      Unrealized
        Notional
  Fixed
  Expiration
  Payments
      Appreciation/
Underlying Instrument
  Counterparty   Amount($)   Rate(%)   Date   Made/(Received)($)   Value($)   Depreciation($)
 
Allstate Corp. 
  JPMorgan     8,680       1 .000       06/20/15       (112 )     (136 )     (24 )
Bristol-Myers Squib Co. 
  JPMorgan     8,680       1 .000       06/20/15       (233 )     (227 )     6  
Citibank N.A.
  Credit Suisse First Boston     8,525       1 .000       06/20/15       238       220       (18 )
Emerging Markets CDX Indices, Series 12
  JPMorgan     10,325       5 .000       12/20/14       (1,068 )     (1,208 )     (140 )
Emerging Markets CDX Indices, Series 12
  Barclays Bank PLC     1,413       5 .000       12/20/14       (142 )     (165 )     (23 )
Emerging Markets CDX Indices, Series 12
  Morgan Stanley     14,710       5 .000       12/20/14       (1,485 )     (1,721 )     (236 )
Emerging Markets CDX Indices, Series 12
  Barclays Bank PLC     23,190       5 .000       12/20/14       (2,399 )     (2,713 )     (314 )
Kingdom of Belgium
  Deutsche Bank     4,176       1 .000       09/20/15       (101 )     (94 )     7  
Kingdom of Norway
  Morgan Stanley     4,361       0 .250       09/20/15       (20 )     (17 )     3  
Kingdom of Norway
  Goldman Sachs     4,361       0 .250       09/20/15       (13 )     (17 )     (4 )
Kingdom of Spain
  Deutsche Bank     17,300       1 .000       06/20/15       (20 )     151       171  
Kingdom of Spain
  Credit Suisse First Boston     15,640       1 .000       06/20/15       (19 )     136       155  
Kingdom of Spain
  Morgan Stanley     3,000       1 .000       06/20/15       (7 )     26       33  
Kingdom of Spain
  Morgan Stanley     10,890       1 .000       06/20/15       (23 )     95       118  
Monsanto Co. 
  JPMorgan     8,680       1 .000       06/20/15       (190 )     (207 )     (17 )
Republic of Ireland
  Morgan Stanley     17,300       1 .000       06/20/15       159       379       220  
Republic of Ireland
  JPMorgan     15,640       1 .000       06/20/15       140       343       203  
Republic of Ireland
  Morgan Stanley     16,800       1 .000       06/20/15       134       368       234  
Republic of Ireland
  Morgan Stanley     4,556       1 .000       06/20/15       36       100       64  
Republic of Portugal
  Goldman Sachs     31,575       1 .000       06/20/15       267       669       402  
Republic of Portugal
  Barclays Bank PLC     15,640       1 .000       06/20/15       133       331       198  
Republic of Portugal
  Deutsche Bank     17,300       1 .000       06/20/15       146       366       220  
Republic of Portugal
  Deutsche Bank     8,689       1 .000       09/20/15       83       193       110  
                                                       
                                    (4,496 )     (3,128 )     1,368  
                                                       
 
As the buyer of protection, the Funds pays periodic fees in return for payment by the seller which is contingent upon an adverse credit event occurring in the underlying issuer or reference entity.
 
At March 31, 2010, liquid assets totaling $3,379, in thousands, have been designated as collateral for open swap agreements.
 
The value column indicates the impact each respective swap agreement has on the Fund’s Net Assets at March 31, 2010.
 
The notional amount of Credit Default Swap contracts totaled $271,431, in thousands, as of March 31, 2010. The monthly average notional amount for Credit Default Swap contracts totaled $137,360, in thousands, for the year ended March 31, 2010.
 
Forward Foreign Currency Contracts
 
At March 31, 2010, the Fund’s forward foreign currency contracts were as follows:
 
                                         
        Contract
           
        Amount
  Contract
      Unrealized
    Delivery
  in Local
  Value in
  Market
  Appreciation/
Currency
  Date   Currency   USD($)   Value($)   Depreciation($)
 
Short:
                                       
Colombian Peso
    04/08/10       583,949       293       304       (11 )
Czech Republic Koruna
    05/24/10       7,694       413       409       4  
Euro
    05/10/10       29,547       40,449       39,904       545  
Euro
    05/17/10       24,602       33,484       33,226       258  
Euro
    05/17/10       786       1,071       1,062       9  
Euro
    05/17/10       321       440       433       7  
Euro
    05/17/10       310       425       419       6  
Euro
    05/17/10       6,058       8,251       8,182       69  
Euro
    06/07/10       23,190       31,766       31,319       447  
Hungarian Forint
    05/05/10       111,528       570       566       4  
Japanese Yen
    06/07/10       1,403,390       15,883       15,020       863  
Japanese Yen
    06/07/10       75,003       849       803       46  
                                         
Total Short Contracts
                  $ 133,894     $ 131,647     $ 2,247  
                                         
Long:
                                       
Colombian Peso
    04/08/10       583,949       304       304        
                                         
Total Long Contracts
                  $ 304     $ 304     $  
                                         
 
The total amount of USD forward foreign currency contracts outstanding was $133,590, in thousands, as of March 31, 2010. The monthly average of USD forward foreign currency contract trading activity was $65,443, in thousands, for the year ended March 31, 2010.
 
See Notes to Financial Statements.


81


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Investment Grade Bond Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Collateralized Mortgage Obligations (1.4%)
Credit Suisse First Boston Mortgage Securities Corp., Ser 2005-C5, Cl A3, 5.100%, 08/15/38(a)
    594       619  
GE Capital Commercial Mortgage Corp., Ser 2003-C1, Cl A4, 4.819%, 01/10/38
    593       620  
LB-UBS Commercial Mortgage Trust, Ser 2005-C7, Cl A3, 5.474%, 11/15/30(a)
    555       577  
Nomura Asset Securities Corp., Ser 1998-D6, Cl A2, 6.586%, 03/15/30(a)
    1,931       2,183  
Wachovia Bank Commercial Mortgage Trust, Ser 2005-C20, Cl A6A, 5.110%, 07/15/42(a)
    1,434       1,483  
                 
Total Collateralized Mortgage Obligations
            5,482  
                 
Corporate Bonds (52.8%)
Advertising (0.0%)
Affinion Group, Inc., 10.125%, 10/15/13, Callable 10/15/10 @ 102.53
    100       102  
Interpublic Group Cos., Inc., 10.000%, 07/15/17, Callable 07/15/13 @ 105
    45       51  
                 
              153  
                 
Aerospace/Defense (1.3%)
Boeing Co. (The), 5.125%, 02/15/13
    1,216       1,317  
General Dynamics Corp., 5.250%, 02/01/14
    937       1,029  
Spirit AeroSystems Holdings, Inc., 7.500%, 10/01/17, Callable 10/01/13 @ 103.75(b)
    60       62  
Triumph Group, Inc., 8.000%, 11/15/17, Callable 11/15/13 @ 104
    30       30  
United Technologies Corp., 6.125%, 02/01/19
    2,533       2,849  
                 
              5,287  
                 
Airlines (0.0%)
Delta Air Lines, Inc., 9.500%, 09/15/14, Callable 09/15/11 @ 107.12(b)
    105       110  
                 
Auto Parts & Equipment (0.1%)
Affinia Group, Inc., 10.750%, 08/15/16, Callable 08/15/12 @ 108.06(b)
    25       27  
American Axle & Manufacturing, Inc., 9.250%, 01/15/17, Callable 01/15/14 @ 104.63(b)
    30       32  
Goodyear Tire & Rubber Co. (The), 10.500%, 05/15/16, Callable 05/15/12 @ 107.88
    85       92  
Lear Corp., 7.875%, 03/15/18, Callable 03/15/14 @ 103.94
    15       15  
Lear Corp., 8.125%, 03/15/20, Callable 03/15/15 @ 104.06
    15       15  
Navistar International Corp., 8.250%, 11/01/21, Callable 11/01/14 @ 104.13
    25       26  
TRW Automotive, Inc., 8.875%, 12/01/17, Callable 12/01/13 @ 104.44(b)
    60       62  
                 
              269  
                 
Banks (2.5%)
Bank of New York Mellon (The), Ser G, MTN, 4.950%, 11/01/12
    1,584       1,717  
Bank of New York Mellon (The), Ser G, MTN, 4.500%, 04/01/13
    698       745  
Bank of Nova Scotia, 3.400%, 01/22/15
    1,331       1,340  
Barclays Bank PLC, 2.500%, 01/23/13
    1,172       1,173  
Barrick International Bank Corp., 6.350%, 10/15/36(b)
    773       787  
Commonwealth Bank of Australia, 3.500%, 03/19/15(b)
    2,294       2,278  
Northern Trust Corp., 5.200%, 11/09/12
    1,850       2,007  
                 
              10,047  
                 
Beverages (1.8%)
Anheuser-Busch InBev NV, 3.000%, 10/15/12
    1,730       1,776  
Anheuser-Busch InBev NV, 8.200%, 01/15/39(b)
    1,070       1,380  
Diageo Capital PLC, 5.200%, 01/30/13
    809       875  
PepsiCo, Inc., 7.900%, 11/01/18
    1,233       1,527  
 
See Notes to Financial Statements.


82


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Investment Grade Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Beverages—continued
                 
SABMiller PLC, 6.200%, 07/01/11(b)
    1,740       1,835  
                 
              7,393  
                 
Building (0.0%)
KB Home, 9.100%, 09/15/17
    40       42  
                 
Building Materials (0.0%)
USG Corp., 9.750%, 08/01/14(b)
    45       48  
USG Corp., 9.500%, 01/15/18(c)
    20       20  
                 
              68  
                 
Chemicals (0.6%)
Air Products & Chemicals, Inc., 4.150%, 02/01/13
    829       867  
Compass Minerals International, Inc., 8.000%, 06/01/19, Callable 06/01/14 @ 104(b)
    45       47  
E.I. du Pont de Nemours & Co., 5.000%, 07/15/13
    1,318       1,427  
Georgia Gulf Corp., 9.000%, 01/15/17, Callable 01/15/14 @ 104.50(b)
    35       37  
Huntsman International LLC, 5.500%, 06/30/16(b)
    35       32  
Nova Chemicals Corp., 8.625%, 11/01/19, Callable 11/01/14 @ 104.31(b)
    30       31  
Solutia, Inc., 8.750%, 11/01/17, Callable 11/01/13 @ 104.38
    30       32  
Solutia, Inc., 7.875%, 03/15/20, Callable 03/15/15 @ 103.94
    40       40  
                 
              2,513  
                 
Coal (0.1%)
Arch Coal, Inc., 8.750%, 08/01/16, Callable 08/01/13 @ 104.38(b)
    40       42  
CONSOL Energy, Inc., 8.000%, 04/01/17, Callable 04/01/14 @ 104^(b)
    90       93  
CONSOL Energy, Inc., 8.250%, 04/01/20, Callable 04/01/15 @ 104.13^(b)
    75       77  
International Coal Group, Inc., 9.125%, 04/01/18, Callable 04/01/14 @ 104.56
    30       30  
                 
              242  
                 
Commercial Services (1.7%)
Avis Budget Car Rental LLC, 9.625%, 03/15/18, Callable 03/15/14 @ 104.81(b)
    55       58  
Cenveo Corp., 8.875%, 02/01/18, Callable 02/01/14 @ 104.44(b)
    40       40  
Equinix, Inc., 8.125%, 03/01/18, Callable 03/01/14 @ 104.06
    35       36  
ERAC USA Finance Co., 5.800%, 10/15/12(b)
    1,151       1,243  
ERAC USA Finance Co., 5.600%, 05/01/15(b)
    1,148       1,211  
Geokinetics Holdings, Inc., 9.750%, 12/15/14, Callable 12/15/11 @ 104.88(b)
    80       75  
Hertz Corp., 8.875%, 01/01/14, Callable 04/30/10 @ 104.44
    170       175  
National Money Mart Co., 10.375%, 12/15/16, Callable 12/15/13 @ 105.19(b)
    30       32  
Norcraft Cos. LP/Finance Corp., 10.500%, 12/15/15, Callable 12/15/12 @ 105.25(b)
    6       6  
Reader’s Digest Association, Inc. (The), 9.500%, 02/15/17, Callable 02/15/13 @ 104(a)(b)(d)
    125       128  
RSC Equipment Rental, Inc., 10.000%, 07/15/17, Callable 07/15/13 @ 105(b)
    35       37  
Ticketmaster Entertainment, Inc., 10.750%, 08/01/16, Callable 08/01/12 @ 105.38
    4       4  
United Rentals NA, Inc., 9.250%, 12/15/19, Callable 12/15/14 @ 104.63
    365       372  
Veolia Environnement, 6.000%, 06/01/18
    1,356       1,451  
Xerox Corp., 5.500%, 05/15/12
    778       825  
Xerox Corp., 6.350%, 05/15/18
    1,331       1,442  
                 
              7,135  
                 
Computers (1.1%)
Hewlett-Packard Co., 4.500%, 03/01/13
    689       738  
IBM Corp., 7.625%, 10/15/18
    3,206       3,947  
 
See Notes to Financial Statements.


83


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Investment Grade Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Computers—continued
                 
Seagate Technology International Co. Ltd., 10.000%, 05/01/14, Callable 05/01/13 @ 105(b)
    15       17  
                 
              4,702  
                 
Consumer Staples (1.5%)
Dean Foods Co., 7.000%, 06/01/16
    80       78  
Kellogg Co., 4.250%, 03/06/13
    1,020       1,078  
Kimberly-Clark Corp., 7.500%, 11/01/18
    539       655  
Kroger Co. (The), 7.500%, 01/15/14
    712       822  
Procter & Gamble Co., 4.600%, 01/15/14
    2,115       2,273  
Revlon Consumer Products Corp., 9.750%, 11/15/15, Callable 11/15/12 @ 104.88(b)
    40       41  
Stater Brothers Holdings, Inc., 7.750%, 04/15/15, Callable 04/15/11 @ 103.88
    135       136  
SUPERVALU, Inc., 8.000%, 05/01/16
    85       86  
Walgreen Co., 4.875%, 08/01/13
    1,028       1,119  
                 
              6,288  
                 
Diversified Financial Services (8.2%)
American General Finance Corp., Ser H, MTN, 5.375%, 10/01/12
    150       141  
American General Finance Corp., Ser I, MTN, 5.400%, 12/01/15
    55       47  
American General Finance Corp., Ser J, MTN, 6.900%, 12/15/17
    300       263  
Bank of America Corp., Ser K, 8.000%(e)
    170       173  
BP Capital Markets PLC, 5.250%, 11/07/13
    2,958       3,255  
Cemex Finance LLC, 9.500%, 12/14/16, Callable 12/14/13 @ 104.75(b)
    100       103  
CIT Group, Inc., 7.000%, 05/01/13, Callable 05/07/10 @ 103.50(d)
    140       136  
CIT Group, Inc., 7.000%, 05/01/14, Callable 05/07/10 @ 103.50
    50       47  
CIT Group, Inc., 7.000%, 05/01/15, Callable 05/07/10 @ 103.50
    165       154  
CIT Group, Inc., 7.000%, 05/01/16, Callable 05/07/10 @ 103.50
    270       249  
CIT Group, Inc., 7.000%, 05/01/17, Callable 05/07/10 @ 103.50
    105       97  
Citigroup Capital XXI, 8.300%, 12/21/57, Callable 12/21/37 @ 100(a)
    140       142  
CME Group, Inc., 5.400%, 08/01/13
    1,413       1,542  
CME Group, Inc., 5.750%, 02/15/14
    1,267       1,391  
CNG Holdings, Inc., 12.250%, 02/15/15, Callable 02/15/13 @ 106.12(b)
    29       28  
Credit Suisse (USA), Inc., 5.300%, 08/13/19
    1,671       1,714  
Ford Motor Credit Co. LLC, 7.800%, 06/01/12
    100       104  
Ford Motor Credit Co. LLC, 7.500%, 08/01/12
    100       104  
Ford Motor Credit Co. LLC, 7.000%, 10/01/13
    15       16  
Ford Motor Credit Co. LLC, 8.700%, 10/01/14
    225       244  
Fund American Cos., Inc., 5.875%, 05/15/13
    1,925       1,981  
GMAC, Inc., 8.300%, 02/12/15(b)
    40       42  
GMAC, Inc., 8.000%, 03/15/20(b)
    60       61  
GMAC, Inc., 8.000%, 11/01/31
    475       454  
GMAC, Inc., Ser 8, 6.750%, 12/01/14
    120       119  
Icahn Enterprises LP, 8.000%, 01/15/18, Callable 01/15/14 @ 104(b)
    295       284  
ILFC E-Capital Trust II, 6.250%, 12/21/65, Callable 12/21/15 @ 100(a)(b)
    100       77  
International Lease Finance Corp., 8.625%, 09/15/15^(b)
    85       87  
International Lease Finance Corp., 8.750%, 03/15/17^(b)
    110       113  
Jefferies Group, Inc., 8.500%, 07/15/19
    1,806       2,003  
 
See Notes to Financial Statements.


84


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Investment Grade Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Diversified Financial Services—continued
                 
JPMorgan Chase & Co., 6.300%, 04/23/19
    2,509       2,769  
Lazard Group LLC, 7.125%, 05/15/15
    2,185       2,294  
LBI Escrow Corp., 8.000%, 11/01/17, Callable 05/01/13 @ 106^(b)
    125       130  
Morgan Stanley, 7.300%, 05/13/19
    2,066       2,283  
NASDAQ OMX Group, Inc. (The), 5.550%, 01/15/20
    1,753       1,743  
New Communications Holdings, Inc., 7.875%, 04/15/15^(b)
    50       51  
New Communications Holdings, Inc., 8.250%, 04/15/17^(b)
    85       86  
New Communications Holdings, Inc., 8.500%, 04/15/20^(b)
    105       106  
Provident Funding Association LP, 10.250%, 04/15/17, Callable 04/15/14 @ 105.13^(b)
    95       96  
Rio Tinto Finance (USA) Ltd., 5.875%, 07/15/13
    944       1,038  
Rio Tinto Finance (USA) Ltd., 7.125%, 07/15/28
    1,605       1,837  
SunGard Data Systems, Inc., 9.125%, 08/15/13, Callable 08/15/10 @ 102.28
    155       159  
TIAA Global Markets, 5.125%, 10/10/12(b)
    1,265       1,359  
UPC Germany GmbH, 8.125%, 12/01/17, Callable 12/01/12 @ 108.12(b)
    100       103  
Woodside Finance Ltd., 8.750%, 03/01/19(b)
    3,342       4,103  
                 
              33,328  
                 
Diversified Minerals (0.0%)
FMG Finance Property Ltd., 10.625%, 09/01/16(b)
    125       144  
Teck Cominco Ltd., 6.125%, 10/01/35
    10       9  
                 
              153  
                 
Diversified Operations (0.7%)
Amsted Industries, Inc., 8.125%, 03/15/18, Callable 03/15/14 @ 104.06(b)
    100       100  
Illinois Tool Works, Inc., 6.250%, 04/01/19
    1,988       2,240  
Koppers, Inc., 7.875%, 12/01/19, Callable 12/01/14 @ 103.94(b)
    9       9  
Leucadia National Corp., 8.125%, 09/15/15
    430       445  
McJunkin Red Man Corp., 9.500%, 12/15/16, Callable 12/15/12 @ 107.12(b)
    170       174  
                 
              2,968  
                 
Electric (4.0%)
AES Corp. (The), 7.750%, 03/01/14
    125       128  
AES Corp. (The), 9.750%, 04/15/16(b)
    15       16  
AES Corp. (The), 8.000%, 10/15/17
    110       112  
AES Ironwood LLC, 8.857%, 11/30/25
    81       79  
Alabama Power Co., 5.800%, 11/15/13
    1,366       1,529  
Baldor Electric Co., 8.625%, 02/15/17, Callable 02/15/12 @ 104.31
    70       74  
Calpine Corp., 7.250%, 10/15/17, Callable 10/15/13 @ 103.63(b)
    135       133  
Duke Energy Carolinas LLC, Ser C, 7.000%, 11/15/18
    527       621  
E.ON International Finance BV, 5.800%, 04/30/18(b)
    3,136       3,391  
Edison Mission Energy, 7.500%, 06/15/13
    150       130  
Edison Mission Energy, 7.000%, 05/15/17
    55       38  
Edison Mission Energy, 7.200%, 05/15/19
    100       69  
Energy Future Holdings Corp., 10.000%, 01/15/20, Callable 01/15/15 @ 105(b)
    75       78  
Exelon Generation Co. LLC, 6.200%, 10/01/17
    1,235       1,344  
Georgia Power Co., 6.000%, 11/01/13
    698       785  
Inergy LP/Inergy Finance Corp., 8.750%, 03/01/15, Callable 03/01/13 @ 104.38
    50       52  
MidAmerican Energy Holdings Co., 6.125%, 04/01/36
    1,117       1,126  
 
See Notes to Financial Statements.


85


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Investment Grade Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Electric—continued
                 
NRG Energy, Inc., 8.500%, 06/15/19, Callable 06/15/14 @ 104.25
    240       243  
Pacific Gas & Electric Co., 8.250%, 10/15/18
    346       422  
Pacific Gas & Electric Co., 6.050%, 03/01/34
    1,209       1,245  
Public Service Co. of Colorado, Ser 17, 6.250%, 09/01/37
    669       721  
Sithe/Independence Funding, Ser A, 9.000%, 12/30/13
    88       91  
Southern California Edison Co., 5.750%, 03/15/14
    1,426       1,584  
United Maritime Group LLC/ Finance Corp., 11.750%, 06/15/15, Callable 12/15/12 @ 105.88(b)
    45       46  
Virginia Electric & Power Co., 8.875%, 11/15/38
    1,021       1,419  
Wisconsin Power & Light Co., 6.375%, 08/15/37
    680       722  
                 
              16,198  
                 
Electronics (0.0%)
Jabil Circuit, Inc., 7.750%, 07/15/16
    40       42  
Jabil Circuit, Inc., 8.250%, 03/15/18
    50       54  
Viasystems Group, Inc., 12.000%, 01/15/15, Callable 07/15/12 @ 106(b)
    10       11  
                 
              107  
                 
Entertainment (0.1%)
Penn National Gaming, Inc., 8.750%, 08/15/19, Callable 08/15/14 @ 104.38(b)
    105       107  
Scientific Games International, Inc., 9.250%, 06/15/19, Callable 06/15/14 @ 104.63
    155       164  
Speedway Motorsports, Inc., 8.750%, 06/01/16, Callable 06/01/13 @ 104.38
    70       74  
Videotron Ltee, 6.875%, 01/15/14, Callable 04/30/10 @ 102.29
    130       132  
WMG Holdings Corp., 9.500%, 12/15/14, Callable 04/30/10 @ 104.75
    45       45  
                 
              522  
                 
Environmental Control (0.0%)
Casella Waste Systems, Inc., 11.000%, 07/15/14, Callable 07/15/12 @ 105.50(b)
    10       11  
                 
Forest Products & Paper (0.1%)
Boise Paper Holdings LLC/Finance Co., 9.000%, 11/01/17, Callable 11/01/13 @ 104.50(b)
    35       37  
NewPage Corp., 11.375%, 12/31/14, Callable 03/31/12 @ 105(d)
    140       139  
Verso Paper Holdings LLC, 11.500%, 07/01/14, Callable 01/01/12 @ 105(b)
    40       43  
                 
              219  
                 
Health Care (0.8%)
Apria Healthcare Group, Inc., Ser A1, 11.250%, 11/01/14, Callable 11/01/11 @ 105.62(b)
    75       81  
Biomet, Inc., 10.000%, 10/15/17, Callable 10/15/12 @ 105
    165       182  
Community Health Systems, Inc., 8.875%, 07/15/15, Callable 07/15/11 @ 104.44
    220       228  
HCA, Inc., 9.250%, 11/15/16, Callable 11/15/11 @ 104.63
    325       345  
HCA, Inc., 9.875%, 02/15/17, Callable 02/15/13 @ 104.94(b)
    40       44  
HCA, Inc., 8.500%, 04/15/19, Callable 04/15/14 @ 104.25(b)
    10       11  
HCA, Inc., 7.250%, 09/15/20, Callable 03/15/15 @ 103.63(b)
    105       106  
Inverness Medical Innovations, Inc., 7.875%, 02/01/16, Callable 02/01/13 @ 103.94
    100       98  
Pfizer, Inc., 6.200%, 03/15/19
    1,513       1,709  
Tenet Healthcare Corp., 8.875%, 07/01/19, Callable 07/01/14 @ 104.44(b)
    95       103  
U.S. Oncology, Inc., 9.125%, 08/15/17, Callable 08/15/13 @ 104.56
    45       47  
 
See Notes to Financial Statements.


86


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Investment Grade Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Health Care—continued
                 
Universal Hospital Services, Inc. PIK, 8.500%, 06/01/15, Callable 06/01/11 @ 104.25
    170       169  
                 
              3,123  
                 
Household Products/Wares (0.0%)
ACCO Brands Corp., 10.625%, 03/15/15, Callable 09/15/12 @ 105.31(b)
    50       55  
                 
Industrials (0.0%)
Mohawk Industries, Inc., 6.125%, 01/15/16(a)
    45       46  
                 
Information Technology (0.0%)
Zayo Group LLC, 10.250%, 03/15/17, Callable 03/15/13 @ 105.13(b)
    120       121  
                 
Insurance (1.4%)
American International Group, Inc., 8.175%, 05/15/58, Callable 05/15/38 @ 100(a)
    80       67  
Berkshire Hathaway, Inc., 4.600%, 05/15/13
    1,543       1,645  
Berkshire Hathaway, Inc., 3.200%, 02/11/15
    2,349       2,369  
Genworth Financial, Inc., 6.150%, 11/15/66, Callable 11/15/16 @ 100(a)
    35       27  
Hartford Financial Services Group, Inc., 8.125%, 06/15/38, Callable 06/15/18 @ 100(a)
    65       68  
ING Capital Funding Trust III, 8.439%(e)
    80       75  
ING Groep NV, 5.775%(e)
    55       47  
Liberty Mutual Group, 7.800%, 03/15/37(b)
    35       31  
Liberty Mutual Group, 10.750%, 06/15/58, Callable 06/15/38 @ 100(a)(b)
    40       45  
Liberty Mutual Group, Ser B, 7.000%, 03/15/37, Callable 03/15/17 @ 100(a)(b)
    35       30  
Lincoln National Corp., 7.000%, 05/17/66, Callable 05/17/16 @ 100(a)
    35       32  
Lincoln National Corp., 6.050%, 04/20/67, Callable 04/20/17 @ 100(a)
    25       21  
Teachers Insurance & Annuity Association of America, 6.850%, 12/16/39(b)
    1,003       1,088  
                 
              5,545  
                 
Lodging (0.2%)
Ameristar Casinos, Inc., 9.250%, 06/01/14, Callable 12/01/11 @ 104.63
    90       94  
Harrah’s Operating Co., Inc., 11.250%, 06/01/17, Callable 06/01/13 @ 105.62
    60       65  
MGM Mirage, Inc., 10.375%, 05/15/14(b)
    240       265  
MGM Mirage, Inc., 9.000%, 03/15/20, Callable 03/15/14 @ 104.50(b)
    50       51  
MTR Gaming Group, Inc., 12.625%, 07/15/14, Callable 07/15/11 @ 106.31(b)
    40       39  
Wynn Las Vegas LLC, 6.625%, 12/01/14, Callable 12/01/10 @ 102.21(d)
    60       60  
Wynn Las Vegas LLC, 7.875%, 11/01/17, Callable 11/01/13 @ 103.94(b)
    160       163  
                 
              737  
                 
Machinery Diversified (0.1%)
Altra Holdings, Inc., 8.125%, 12/01/16, Callable 12/01/12 @ 106.09(b)
    25       25  
Case New Holland, Inc., 7.750%, 09/01/13(b)
    20       21  
CPM Holdings, Inc., 10.625%, 09/01/14, Callable 09/01/12 @ 105.31(b)
    20       21  
Manitowoc Co., Inc. (The), 9.500%, 02/15/18, Callable 02/15/14 @ 104.75
    70       73  
Terex Corp., 10.875%, 06/01/16, Callable 06/01/13 @ 105.44
    135       150  
                 
              290  
                 
Materials (1.1%)
Newmont Mining Corp., 6.250%, 10/01/39
    4,323       4,323  
Steel Dynamics, Inc., 7.625%, 03/15/20, Callable 03/15/15 @ 103.81(b)
    75       77  
                 
              4,400  
                 
                 
 
See Notes to Financial Statements.


87


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Investment Grade Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Media (1.6%)
Clear Channel Worldwide Holdings, Inc., Ser A, 9.250%, 12/15/17, Callable 12/15/12 @ 106.94(b)
    30       31  
Clear Channel Worldwide Holdings, Inc., Ser B, 9.250%, 12/15/17, Callable 12/15/12 @ 106.94(b)
    155       162  
DISH DBS Corp., 7.875%, 09/01/19
    80       83  
EchoStar DBS Corp., 7.750%, 05/31/15
    40       42  
EchoStar DBS Corp., 7.125%, 02/01/16
    25       26  
Media General, Inc., 11.750%, 02/15/17, Callable 02/15/14 @ 105.88(b)
    80       79  
Mediacom Broadband LLC, 8.500%, 10/15/15, Callable 10/15/10 @ 104.25
    55       56  
Mediacom LLC/Capital Corp., 9.125%, 08/15/19, Callable 08/15/14 @ 104.56(b)
    55       57  
Salem Communications Corp., 9.625%, 12/15/16, Callable 12/15/13 @ 104.81
    70       73  
Sinclair Television Group, Inc., 9.250%, 11/01/17, Callable 11/01/13 @ 104.63(b)
    95       100  
Sirius XM Radio, Inc., 9.750%, 09/01/15, Callable 09/01/12 @ 104.88(b)
    35       38  
Sun Media Corp., 7.625%, 02/15/13, Calllable 2/15/11 @ 100
    6       6  
Thomson Reuters Corp., 5.950%, 07/15/13
    346       382  
Time Warner Cable, Inc., 8.250%, 02/14/14
    1,448       1,699  
Time Warner Cable, Inc., 5.850%, 05/01/17
    3,052       3,268  
Time Warner, Inc., 6.200%, 03/15/40
    404       399  
Univision Communications, Inc., 12.000%, 07/01/14, Callable 07/01/11 @ 106(b)
    25       27  
                 
              6,528  
                 
Metals (0.9%)
ArcelorMittal, 6.125%, 06/01/18
    1,624       1,705  
ArcelorMittal, 9.850%, 06/01/19
    1,131       1,438  
Barrick Gold Corp., 6.950%, 04/01/19
    537       614  
                 
              3,757  
                 
Miscellaneous Manufacturer (1.9%)
Bombardier, Inc., 8.000%, 11/15/14, Callable 11/15/10 @ 104(b)
    75       79  
Bombardier, Inc., 7.500%, 03/15/18(b)
    25       26  
Bombardier, Inc., 7.750%, 03/15/20(b)
    40       42  
General Electric Co., 5.000%, 02/01/13
    3,147       3,392  
General Electric Co., 5.250%, 12/06/17
    949       995  
Siemens Financierings NV, 6.125%, 08/17/26(b)
    906       964  
Wesfarmers Ltd., 6.998%, 04/10/13(b)
    1,917       2,094  
                 
              7,592  
                 
Oil & Gas (3.9%)
Antero Resources Finance Corp., 9.375%, 12/01/17, Callable 12/01/13 @ 104.69(b)
    120       124  
Aquilex Holdings LLC/Aquilex Finance, 11.125%, 12/15/16, Callable 12/15/13 @ 105.56(b)
    40       43  
Bill Barrett Corp., 9.875%, 07/15/16, Callable 07/15/13 @ 104.94
    75       81  
Chesapeake Energy Corp., 9.500%, 02/15/15
    120       130  
Chesapeake Energy Corp., 6.375%, 06/15/15, Callable 12/15/10 @ 102.125
    35       34  
Chesapeake Energy Corp., 6.500%, 08/15/17
    15       15  
Chesapeake Energy Corp., 7.250%, 12/15/18
    100       100  
Chesapeake Energy Corp., 6.875%, 11/15/20
    20       19  
Coffeyville Resources LLC, 9.000%, 04/01/15, Callable 04/01/12 @ 106.75^(b)
    60       61  
 
See Notes to Financial Statements.


88


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Investment Grade Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Oil & Gas—continued
                 
Coffeyville Resources LLC, 10.875%, 04/01/17, Callable 04/01/13 @ 108.16^(b)
    35       35  
Continental Resources, Inc., 8.250%, 10/01/19, Callable 10/01/14 @ 104.13
    5       5  
Encore Acquisition Co., 9.500%, 05/01/16, Callable 05/01/13 @ 104.75
    50       54  
Halliburton Co., 6.150%, 09/15/19
    990       1,110  
Linn Energy LLC, 9.875%, 07/01/18, Callable 07/01/13 @ 104.94
    30       32  
Linn Energy LLC/Finance Corp., 8.625%, 04/15/20, Callable 04/15/15 @ 104.31^(b)
    110       110  
Niska Gas Storage Partners LLC, 8.875%, 03/15/18, Callable 03/15/14 @ 104.44(b)
    135       138  
OPTI Canada, Inc., 9.000%, 12/15/12, Callable 12/15/10 @ 102(b)
    80       82  
Penn Virginia Corp., 10.375%, 06/15/16, Callable 06/15/13 @ 105.19
    35       38  
Petrohawk Energy Corp., 9.125%, 07/15/13, Callable 07/15/10 @ 104.56
    135       141  
Pioneer Drilling Co., 9.875%, 03/15/18, Callable 03/15/14 @ 104.94(b)
    60       59  
Pioneer Natural Resources Co., 6.650%, 03/15/17
    50       50  
Plains Exploration & Production Co., 7.625%, 06/01/18, Callable 06/01/13 @ 103.81
    85       86  
Plains Exploration & Production Co., 8.625%, 10/15/19, Callable 10/15/14 @ 104.31
    25       27  
Praxair, Inc., 1.750%, 11/15/12
    2,961       2,965  
Praxair, Inc., 4.625%, 03/30/15
    1,981       2,111  
Range Resources Corp., 7.500%, 05/15/16, Callable 05/15/11 @ 103.75
    50       52  
RDS Ultra-Deepwater Ltd., 11.875%, 03/15/17, Callable 03/15/14 @ 105.94(b)
    50       51  
SandRidge Energy, Inc., 8.000%, 06/01/18, Callable 06/01/13 @ 104(b)
    130       123  
SandRidge Energy, Inc., 8.750%, 01/15/20, Callable 01/15/15 @ 104.38(b)
    95       93  
Shell International Finance BV, 6.375%, 12/15/38
    3,428       3,775  
Tesoro Corp., 9.750%, 06/01/19, Callable 06/01/14 @ 104.88
    40       42  
Transocean, Inc., 6.000%, 03/15/18
    547       595  
Transocean, Inc., 6.800%, 03/15/38
    1,172       1,316  
Weatherford International Ltd., 9.625%, 03/01/19
    1,097       1,388  
Weatherford International Ltd., 6.500%, 08/01/36
    785       780  
Western Refining, Inc., 10.750%, 06/15/14, Callable 12/15/11 @ 105(a)(b)
    25       23  
Western Refining, Inc., 11.250%, 06/15/17, Callable 06/15/13 @ 105.62(b)
    100       90  
                 
              15,978  
                 
Packaging & Containers (0.0%)
Graphic Packaging International, Inc., 9.500%, 08/15/13, Callable 08/15/10 @ 101.58
    70       72  
Graphic Packaging International, Inc., 9.500%, 06/15/17, Callable 06/15/13 @ 104.75
    30       32  
Plastipak Holdings, Inc., 10.625%, 08/15/19, Callable 08/15/14 @ 105.31(b)
    25       28  
Rock-Tenn Co., 9.250%, 03/15/16, Callable 03/15/12 @ 104.63(b)
    15       16  
                 
              148  
                 
Pharmaceuticals (3.9%)
Abbott Laboratories, 5.600%, 11/30/17
    2,532       2,788  
AstraZeneca PLC, 6.450%, 09/15/37
    2,082       2,317  
BioScrip, Inc., 10.250%, 10/01/15, Callable 04/01/13 @ 105.13(b)
    30       30  
 
See Notes to Financial Statements.


89


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Investment Grade Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Pharmaceuticals—continued
                 
Covidien International Finance SA, 6.000%, 10/15/17
    1,508       1,654  
Express Scripts, Inc., 5.250%, 06/15/12
    1,586       1,691  
GlaxoSmithKline Capital, Inc., 5.650%, 05/15/18
    1,693       1,838  
Novartis Securities Investment Ltd., 5.125%, 02/10/19
    953       1,010  
PharmaNet Development Group, Inc., 10.875%, 04/15/17, Callable 04/15/14 @ 105.44^(b)
    85       86  
Rite Aid Corp., 7.500%, 03/01/17, Callable 03/01/12 @ 103.75
    45       42  
Roche Holdings, Inc., 7.000%, 03/01/39(b)
    2,229       2,648  
Schering-Plough Corp., 6.550%, 09/15/37
    1,015       1,159  
Teva Pharmaceutical Finance LLC, 6.150%, 02/01/36
    526       546  
Valeant Pharmaceuticals International, 8.375%, 06/15/16, Callable 06/15/12 @ 104.19(b)
    30       31  
                 
              15,840  
                 
Pipelines (3.2%)
CenterPoint Energy Resources Corp., Ser B, 7.875%, 04/01/13
    1,021       1,169  
Copano Energy LLC, 8.125%, 03/01/16, Callable 03/01/11 @ 104.06
    80       81  
Dynegy Holdings, Inc., 7.500%, 06/01/15
    290       241  
Dynegy Holdings, Inc., 7.750%, 06/01/19
    75       57  
El Paso Corp., 7.875%, 06/15/12
    170       180  
El Paso Corp., 7.000%, 06/15/17
    20       20  
El Paso Corp., 7.250%, 06/01/18
    65       67  
El Paso Corp., Ser G, MTN, 8.050%, 10/15/30
    15       15  
El Paso Corp., Ser G, MTN, 7.800%, 08/01/31
    20       20  
El Paso Corp., Ser G, MTN, 7.750%, 01/15/32
    155       152  
El Paso Natural Gas, 5.950%, 04/15/17
    610       635  
Energy Transfer Partners LP, 9.000%, 04/15/19
    1,615       1,983  
Energy Transfer Partners LP, 7.500%, 07/01/38
    955       1,070  
Enterprise Products Operating LP, 5.250%, 01/31/20
    2,222       2,242  
Enterprise Products Operating LP, Ser B, 5.750%, 03/01/35
    993       934  
MarkWest Energy Partners LP, Ser B, 8.750%, 04/15/18, Callable 04/15/13 @ 104.38
    185       190  
Regency Energy Partners LP, 9.375%, 06/01/16, Callable 06/01/13 @ 104.69(b)
    45       48  
Rockies Express Pipeline LLC, 6.850%, 07/15/18(b)
    1,236       1,343  
Southern Natural Gas Co., 5.900%, 04/01/17(b)
    381       397  
TransCanada Pipelines, 7.625%, 01/15/39
    1,339       1,632  
Transcontinental Gas Pipeline Corp., 6.050%, 06/15/18
    394       429  
                 
              12,905  
                 
Real Estate Investment Trusts (0.8%)
Digital Realty Trust LP, 5.875%, 02/01/20(b)
    535       523  
DuPont Fabros Technology LP, 8.500%, 12/15/17, Callable 12/15/13 @ 104.25(b)
    60       62  
FelCor Lodging LP, 10.000%, 10/01/14(d)
    35       36  
Healthcare Realty Trust, Inc., 6.500%, 01/17/17
    2,277       2,336  
Host Hotels & Resorts LP, 9.000%, 05/15/17, Callable 05/15/13 @ 104.50(b)
    115       124  
Reckson Operating Partnership LP, 7.750%, 03/15/20(b)
    80       82  
                 
              3,163  
                 
Retail (1.7%)
Ferrellgas Partners LP, 9.125%, 10/01/17, Callable 10/01/13 @ 104.56(b)
    25       26  
Macy’s Retail Holdings, Inc., 5.875%, 01/15/13
    15       16  
Macy’s Retail Holdings, Inc., 5.900%, 12/01/16
    95       95  
 
See Notes to Financial Statements.


90


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Investment Grade Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Retail—continued
                 
QVC, Inc., 7.500%, 10/01/19, Callable 10/01/14 @ 103.75(b)
    55       56  
Tesco PLC, 5.500%, 11/15/17(b)
    1,766       1,892  
Toys “R” Us Property Co. LLC, 10.750%, 07/15/17, Callable 07/15/13 @ 105.38(b)
    85       95  
Toys “R” Us Property Co. LLC, 8.500%, 12/01/17, Callable 12/01/13 @ 104.25(b)
    165       171  
Wal-Mart Stores, Inc., 5.250%, 09/01/35
    422       403  
Wal-Mart Stores, Inc., 6.500%, 08/15/37
    3,891       4,314  
                 
              7,068  
                 
Semiconductors (0.0%)
Advanced Micro Devices, Inc., 8.125%, 12/15/17, Callable 12/15/13 @ 104.06(b)
    25       26  
Amkor Technologies, Inc., 9.250%, 06/01/16, Callable 06/01/11 @ 104.63
    140       147  
                 
              173  
                 
Software (0.5%)
Oracle Corp., 5.750%, 04/15/18
    1,867       2,048  
                 
Telecommunication Services (5.5%)
AT&T, Inc., 4.950%, 01/15/13
    1,489       1,600  
AT&T, Inc., 5.100%, 09/15/14
    1,327       1,436  
AT&T, Inc., 6.450%, 06/15/34
    811       827  
CC Holdings GS V LLC, 7.750%, 05/01/17, Callable 05/01/13 @ 103.88(b)
    1,432       1,561  
Cellco Partnership/Verizon Wireless, 5.550%, 02/01/14
    1,469       1,605  
Cincinnati Bell, Inc., 8.250%, 10/15/17, Callable 10/15/13 @ 104.13
    60       61  
Cisco Systems, Inc., 5.500%, 02/22/16
    1,177       1,312  
Cisco Systems, Inc., 4.450%, 01/15/20
    462       459  
Cisco Systems, Inc., 5.500%, 01/15/40
    1,955       1,875  
Clearwire Communication LLC/Finance, Inc., 12.000%, 12/01/15, Callable 12/01/12 @ 106(b)
    5       5  
Comcast Corp., 6.450%, 03/15/37
    734       748  
Cricket Communications, Inc., 7.750%, 05/15/16, Callable 05/15/12 @ 105.81
    10       10  
DigitalGlobe, Inc., 10.500%, 05/01/14, Callable 05/01/12 @ 105.25(b)
    120       129  
Frontier Communications Corp., 8.250%, 05/01/14
    45       47  
GeoEye, Inc., 9.625%, 10/01/15, Callable 10/01/13 @ 104.81(b)
    130       133  
Global Crossing Ltd., 12.000%, 09/15/15, Callable 09/15/12 @ 106(b)
    160       178  
Hughes Network Systems LLC/HNS Finance Corp., 9.500%, 04/15/14, Callable 04/15/10 @ 104.75
    40       41  
Intelsat Jackson Holdings Ltd., 8.500%, 11/01/19, Callable 11/01/14 @ 104.25(b)
    325       341  
Intelsat Subsidiary Holding Co. Ltd., 8.500%, 01/15/13, Callable 04/30/10 @ 102.13
    125       127  
Level 3 Financing, Inc., 9.250%, 11/01/14, Callable 11/01/10 @ 104.63
    25       24  
Level 3 Financing, Inc., 8.750%, 02/15/17, Callable 02/15/12 @ 104.38
    115       105  
Level 3 Financing, Inc., 10.000%, 02/01/18, Callable 02/01/14 @ 105(b)
    200       191  
Nextel Communications, Inc., Ser D, 7.375%, 08/01/15, Callable 08/01/10 @ 100.92
    295       280  
Nextel Communications, Inc., Ser E, 6.875%, 10/31/13, Callable 10/31/10 @ 100.86
    30       29  
NII Capital Corp., 8.875%, 12/15/19, Callable 12/15/14 @ 104.44(b)
    90       93  
Paetec Holding Corp., 8.875%, 06/30/17, Callable 06/30/13 @ 104.44
    35       36  
Qwest Communications International, Inc., 8.000%, 10/01/15, Callable 10/01/12 @ 104(b)
    135       144  
 
See Notes to Financial Statements.


91


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Investment Grade Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Telecommunication Services—continued
                 
Qwest Communications International, Inc., 7.125%, 04/01/18, Callable 04/01/13 @ 103.56(b)
    165       170  
Qwest Corp., 7.250%, 10/15/35, Callable 10/15/15 @ 101.94
    50       48  
Rogers Wireless, Inc., 7.500%, 03/15/15
    763       891  
Sable International Finance Ltd., 7.750%, 02/15/17, Callable 02/15/14 @ 103.88(b)
    100       104  
Sprint Capital Corp., 8.750%, 03/15/32
    220       204  
Sprint Nextel Corp., 8.375%, 08/15/17
    75       75  
Verizon Communications, Inc., 5.250%, 04/15/13
    1,085       1,185  
Verizon Communications, Inc., 5.550%, 02/15/16
    1,146       1,253  
Verizon Communications, Inc., 8.950%, 03/01/39
    1,291       1,751  
Viasat, Inc., 8.875%, 09/15/16, Callable 09/15/12 @ 106.66(b)
    190       194  
Virgin Media Finance PLC, 8.750%, 04/15/14, Callable 04/15/10 @ 102.92
    20       21  
Virgin Media Finance PLC, 8.375%, 10/15/19, Callable 10/15/14 @ 104.19
    25       26  
Virgin Media Finance PLC, Ser 1, 9.500%, 08/15/16, Callable 08/15/13 @ 104.75
    100       109  
Vodafone Group PLC, 5.500%, 06/15/11
    2,112       2,215  
Wind Acquisition Finance SA, 12.000%, 12/01/15, Callable 12/01/10 @ 105.38(b)
    125       135  
Wind Acquisition Finance SA, 11.750%, 07/15/17, Callable 07/15/13 @ 105.88(b)
    155       171  
Wind Acquisition Finance SA, 12.250%, 07/15/17, Callable 07/15/13 @ 106.12(b)
    305       302  
Windstream Corp., 8.625%, 08/01/16, Callable 08/01/11 @ 104.31
    50       51  
Windstream Corp., 7.875%, 11/01/17
    60       59  
                 
              22,361  
                 
Transportation (1.5%)
General Maritime Corp., 12.000%, 11/15/17, Callable 11/15/13 @ 106(b)
    45       48  
Martin Midstream Partners LP/Finance Corp., 8.875%, 04/01/18, Callable 04/01/14 @ 104.44(b)
    55       56  
Overseas Shipholding Group, Inc., 8.125%, 03/30/18
    50       50  
Paccar, Inc., 6.375%, 02/15/12
    1,502       1,631  
RailAmerica, Inc., 9.250%, 07/01/17, Calllable 07/01/13 @ 104.63
    103       110  
Royal Caribbean Cruises Ltd., 8.750%, 02/02/11
    10       10  
Royal Caribbean Cruises Ltd., 7.000%, 06/15/13
    5       5  
Royal Caribbean Cruises Ltd., 6.875%, 12/01/13
    5       5  
Royal Caribbean Cruises Ltd., 11.875%, 07/15/15
    80       94  
Teekay Corp., 8.500%, 01/15/20
    55       57  
Union Pacific Corp., 7.875%, 01/15/19
    3,360       4,037  
                 
              6,103  
                 
Total Corporate Bonds
            215,736  
                 
Convertible Corporate Bonds (0.0%)
Diversified Financial Services (0.0%)
AmeriCredit Corp., 0.750%, 09/15/11
    80       80  
Jefferies Group, Inc., 3.875%, 11/01/29, Callable 11/01/17 @ 100
    50       50  
                 
Total Convertible Corporate Bonds
            130  
                 
U.S. Government Agency Mortgages (0.1%)
Government National Mortgage Association (0.1%)
7.000%, 04/15/13
    64       68  
7.000%, 08/15/14
    62       67  
7.000%, 05/15/31
    42       47  
                 
Total U.S. Government Agency Mortgages
            182  
                 
                 
 
See Notes to Financial Statements.


92


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Investment Grade Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
U.S. Treasury Obligations (42.4%)
U.S. Treasury Bonds (4.4%)
6.875%, 08/15/25(f)
    7,497       9,581  
4.375%, 11/15/39
    8,954       8,467  
                 
              18,048  
                 
U.S. Treasury Notes (38.0%)
2.125%, 04/30/10
    40,476       40,539  
2.875%, 06/30/10
    29,576       29,774  
3.125%, 09/30/13
    13,188       13,752  
2.125%, 11/30/14
    22,453       22,158  
3.750%, 11/15/18(f)
    30,345       30,575  
3.625%, 02/15/20
    18,853       18,532  
                 
              155,330  
                 
Total U.S. Treasury Obligations
            173,378  
                 
Units (0.0%)
Commercial Services (0.0%)
Alion Science & Technology Corp.(g)
    30       30  
                 
Information Technology (0.0%)
Stratus Technologies, Inc.,^(b)(h)
    35       34  
                 
Total Units
            64  
                 
Preferred Stock (0.0%)
Diversified Financial Services (0.0%)
Citigroup Capital XII, 8.500%, Callable 03/30/15 @ 25
    2,000       57  
                 
Total Preferred Stock
            57  
                 
Short-Term Investment (0.1%)
RidgeWorth Funds Securities Lending Joint Account(i)(j)
    584       584  
                 
Total Short-Term Investment
            584  
                 
Money Market Fund (4.0%)
RidgeWorth Institutional Cash Management Money Market Fund(j)
    16,287,950       16,288  
                 
Total Money Market Fund
            16,288  
                 
Total Investments (Cost $393,275)(k) — 100.8%
            411,901  
Liabilities in excess of other assets — (0.8)%
            (3,263 )
                 
Net Assets — 100.0%
          $ 408,638  
                 
 
 
^ Denotes investment purchased on a when-issued or delayed-delivery basis.
 
(a) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(b) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 9.7% of net assets as of March 31, 2010.
 
(c) Step bond. The rate shown is the rate in effect as of March 31, 2010.
 
(d) This security or a partial position of the security was on loan as of March 31, 2010. The total value of securities on loan as of March 31, 2010, in thousands, was $561.
 
(e) Perpetual maturity.
 
(f) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(g) Each unit consists of $1,000 principal amount of 12.000% senior secured notes due on November 1, 2014 and one warrant to purchase 1.9439 shares of common stock.
 
(h) Each unit consists of $480 principal amount of 12.000% senior secured notes of Stratus Technologies Bermuda, Ltd. due on March 29, 2015, $520 principal amount of 12.000% senior secured notes of Stratus Technologies Inc. due on March 29, 2015, 20.61 shares of common stock and 4.69 shares of preferred stock.
 
(i) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2010 (See Notes to Financial Statements).
 
(j) Affiliated investment.
 
(k) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
MTN
— Medium Term Note
 
PIK — Payment in-kind
 
See Notes to Financial Statements.


93


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Investment Grade Bond Fund — concluded
 
Credit Default Swap Agreements — Buy Protection
                                                     
                    Upfront
       
                    Payments
      Unrealized
        Notional
  Fixed
  Expiration
  Made
      Appreciation/
Underlying Instrument
  Counterparty   Amount($)   Rate(%)   Date   (Received)($)   Value($)   Depreciation($)
 
Allstate Corp.
  JPMorgan     2,265       1.00       06/20/15       (29 )     (35 )     (6 )
Bristol-Myers Squibb Co.
  JPMorgan     2,265       1.00       06/20/15       (61 )     (59 )     2  
Citibank N.A.
  Credit Suisse First Boston     2,330       1.00       06/20/15       64       60       (4 )
Emerging Markets CDX Indices, Series 12
  JPMorgan     4,270       5.00       12/20/14       (442 )     (500 )     (58 )
Emerging Markets CDX Indices, Series 12
  Barclays Bank PLC     422       5.00       12/20/14       (42 )     (49 )     (7 )
Emerging Markets CDX Indices, Series 12
  Morgan Stanley     1,270       5.00       12/20/14       (128 )     (149 )     (21 )
Emerging Markets CDX Indices, Series 12
  Barclays Bank PLC     9,290       5.00       12/20/14       (962 )     (1,087 )     (125 )
Kingdom of Belgium
  Deutsche Bank     1,249       1.00       09/20/15       (30 )     (28 )     2  
Kingdom of Norway
  Morgan Stanley     1,304       0.25       09/20/15       (6 )     (5 )     1  
Kingdom of Norway
  Goldman Sachs     1,304       0.25       09/20/15       (4 )     (5 )     (1 )
Kingdom of Spain
  Deutsche Bank     4,710       1.00       06/20/15       (6 )     41       47  
Kingdom of Spain
  Credit Suisse First Boston     3,670       1.00       06/20/15       (4 )     32       36  
Kingdom of Spain
  Morgan Stanley     895       1.00       06/20/15       (2 )     8       10  
Kingdom of Spain
  Morgan Stanley     2,975       1.00       06/20/15       (6 )     26       32  
Monsanto Co.
  JPMorgan     2,265       1.00       06/20/15       (48 )     (54 )     (6 )
Republic of Ireland
  Morgan Stanley     4,710       1.00       06/20/15       43       103       60  
Republic of Ireland
  JPMorgan     3,670       1.00       06/20/15       33       80       47  
Republic of Ireland
  Morgan Stanley     4,590       1.00       06/20/15       36       100       64  
Republic of Ireland
  Morgan Stanley     1,362       1.00       06/20/15       11       30       19  
Republic of Portugal
  Barclays Bank PLC     3,670       1.00       06/20/15       31       78       47  
Republic of Portugal
  Goldman Sachs     8,625       1.00       06/20/15       72       183       111  
Republic of Portugal
  Deutsche Bank     4,710       1.00       06/20/15       40       100       60  
Republic of Portugal
  Deutsche Bank     2,599       1.00       09/20/15       25       58       33  
                                                     
                                  (1,415 )     (1,072 )     343  
                                                     
 
As the buyer of protection, the Funds pays periodic fees in return for payment by the seller which is contingent upon an adverse credit event occurring in the underlying issuer or reference entity.
 
At March 31, 2010, liquid assets totaling $1,421, in thousands, have been designated as collateral for open swap agreements.
 
The value column indicates the impact each respective swap agreement has on the Fund’s Net Assets at March 31, 2010.
 
The notional amount of Credit Default Swap contracts totaled $74,420, in thousands, as of March 31, 2010. The monthly average notional amount for Credit Default Swap contracts totaled $44,817, in thousands, for the year ended March 31, 2010.
 
Forward Foreign Currency Contracts
 
At March 31, 2010, the Fund’s forward foreign currency contracts were as follows:
 
                                         
        Contract
           
        Amount
  Contract
      Unrealized
    Delivery
  in Local
  Value in
  Market
  Appreciation/
Currency
  Date   Currency   USD($)   Value($)   Depreciation($)
 
Short:
                                       
Colombian Peso
    04/08/10       175,384       88       91       (3 )
Czech Republic Koruna
    05/24/10       2,301       123       122       1  
Euro
    05/10/10       7,995       10,944       10,797       147  
Euro
    05/17/10       235       320       317       3  
Euro
    05/17/10       6,568       8,939       8,870       69  
Euro
    05/17/10       96       132       130       2  
Euro
    05/17/10       93       127       125       2  
Euro
    05/17/10       1,812       2,467       2,447       20  
Euro
    06/07/10       6,157       8,434       8,315       119  
Hungarian Forint
    05/05/10       33,353       170       169       1  
Japanese Yen
    06/07/10       22,439       254       240       14  
Japanese Yen
    06/07/10       372,606       4,217       3,988       229  
                                         
Total Short Contracts
                  $ 36,215     $ 35,611     $ 604  
                                         
Long:
                                       
Colombian Peso
    04/08/10       175,384       91       91        
                                         
Total Long Contracts
                  $ 91     $ 91     $  
                                         
 
The total amount of USD forward foreign currency contracts outstanding was $36,124, in thousands, as of March 31, 2010. The monthly average of USD forward foreign currency contract trading activity was $19,934, in thousands, for the year ended March 31, 2010.
 
See Notes to Financial Statements.


94


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Investment Grade Tax-Exempt Bond Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Municipal Bonds (85.4%)
Alabama (1.9%)
Auburn University, Ser A, RB, 6.000%, 06/01/16, Callable 06/01/11 @ 100, NATL-RE
    4,060       4,316  
Birmingham Special Care Facilities Financing Authority Health Care Facilities, Children’s Hospital of Alabama, RB, 6.000%, 06/01/39, Callable 06/01/19 @ 100, AGC
    9,000       9,714  
Huntsville, Ser A, GO, 5.625%, 05/01/16, Callable 05/01/12 @ 102
    2,375       2,620  
Huntsville, Ser A, GO, 5.750%, 05/01/19, Callable 05/01/12 @ 102
    2,800       3,108  
                 
              19,758  
                 
Alaska (4.3%)
Matanuska-Susitna Boro Lease, Goose Creek Correctional Center, RB, 5.500%, 09/01/23, Callable 09/01/19 @ 100, AGC
    18,000       20,247  
Matanuska-Susitna Boro Lease, Goose Creek Correctional Center, RB, 6.000%, 09/01/28, Callable 09/01/19 @ 100, AGC
    15,000       17,157  
Matanuska-Susitna Boro Lease, Goose Creek Correctional Center, RB, 6.000%, 09/01/32, Callable 09/01/19 @ 100, AGC
    7,250       8,124  
                 
              45,528  
                 
California (8.0%)
California Health Facilities Financing Authority, Ser C, RB, 6.250%, 10/01/24, Callable 10/01/18 @ 100
    3,500       3,974  
California Health Facilities Financing Authority, Ser C, RB, 6.500%, 10/01/33, Callable 10/01/18 @ 100
    6,500       7,346  
California Health Facilities Financing Authority, Ser C, RB, 6.500%, 10/01/38, Callable 10/01/18 @ 100
    5,500       6,171  
California State Public Works Board Lease, Subser A-1, RB, 6.000%, 03/01/35, Callable 03/01/20 @ 100^
    2,000       2,003  
California State, GO, 6.000%, 03/01/33, Callable 03/01/20 @ 100
    5,000       5,299  
California State, GO, 6.500%, 04/01/33, Callable 04/01/19 @ 100
    24,500       26,840  
Fresno Unified School District, Ser A, GO, 6.550%, 08/01/20, Callable 02/01/13 @ 103, NATL-RE
    1,000       1,150  
Los Angeles California Community College District, Ser A, GO, 6.000%, 08/01/33, Callable 08/01/19 @ 100
    10,000       11,100  
Los Angeles California Wastewater System, Ser A, RB, 5.750%, 06/01/34, Callable 06/01/19 @ 100
    5,000       5,508  
Orange County, Loma Ridge/Data Center Project, COP, 6.000%, 06/01/21, Prerefunded 06/01/19 @ 100, AMBAC
    1,020       1,204  
University of California, Ser O, RB, 5.750%, 05/15/27, Callable 05/15/19 @ 100
    3,000       3,413  
University of California, Ser O, RB, 5.750%, 05/15/28, Callable 05/15/19 @ 100
    10,000       11,326  
                 
              85,334  
                 
Colorado (0.3%)
Health Facilities Authority, Catholic Health Initiatives, Ser B, RB, 5.000%, 07/01/39, Mandatory Put 11/08/12 @ 100(a)
    3,000       3,237  
                 
                 
 
See Notes to Financial Statements.


95


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Investment Grade Tax-Exempt Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Connecticut (0.1%)
Connecticut State Health & Educational Facilities Authority, Ascension Health Credit Group, Ser B, RB, 3.500%, 11/15/29, Mandatory Put 02/01/12 @ 100(a)
    1,445       1,482  
                 
District of Columbia (0.8%)
District of Columbia, Income Tax, Ser A, RB, 5.500%, 12/01/30, Callable 12/01/19 @ 100
    8,000       8,940  
                 
Florida (8.9%)
Brevard County Utility Authority, RB, 5.250%, 03/01/13, Callable 03/01/12 @ 100, NATL-RE/FGIC
    1,000       1,071  
Brevard County Utility Authority, RB, 5.250%, 03/01/14, Callable 03/01/12 @ 100, NATL-RE/FGIC
    1,000       1,071  
Broward County School Board, Ser A, COP, 5.000%, 07/01/16, AGM
    5,000       5,475  
Florida Atlantic University Finance Corp. Capital Improvement, RB, 7.099%, 07/01/25, Callable 07/01/20 @ 100
    7,500       7,929  
Florida Atlantic University Finance Corp. Capital Improvement, RB, 7.639%, 07/01/40, Callable 07/01/20 @ 100
    2,500       2,624  
Florida State Board of Education, Capital Outlay, Public Education Project, GO, 9.125%, 06/01/14, ETM
    950       1,216  
Florida State Board of Education, Capital Outlay, Public Education Project, Ser B, GO, 5.375%, 06/01/18, Callable 06/01/12 @ 101, FGIC/MBIA-RE
    2,130       2,324  
Florida State Board of Education, Capital Outlay, Public Education Project, Ser D, GO, 5.625%, 06/01/15, Callable 06/01/10 @ 101
    1,235       1,257  
Florida State Board of Education, Lottery, Ser A, RB, 5.375%, 07/01/15, Callable 07/01/12 @ 101, NATL-RE/FGIC
    3,500       3,817  
Florida State Board of Education, Lottery, Ser C, RB, 5.000%, 07/01/16
    2,000       2,238  
Florida State Board of Education, Lottery, Ser C, RB, 5.000%, 07/01/17
    2,480       2,766  
Florida State Board of Education, Lottery, Ser C, RB, 5.000%, 07/01/18
    5,000       5,565  
Florida State Board of Education, Lottery, Ser C, RB, 5.000%, 07/01/19
    1,000       1,109  
Florida State Division of Bond Finance, Department of Environmental Protection & Preservation, Ser 2000-A, RB, 5.375%, 07/01/11, Callable 04/30/10 @ 101, NATL-RE/FGIC
    2,130       2,150  
Greater Orlando Aviation Authority, Orlando Airport Facilities, Ser A, RB, 6.000%, 10/01/17, AMT
    9,060       10,100  
Highlands County Health Facilities Authority, Adventist Health, Ser B, RB, 6.000%, 11/15/37, Callable 11/15/19 @ 100
    8,500       8,970  
Highlands County Health Facilities Authority, Adventist Health, Ser G, RB, 5.125%, 11/15/18, Callable 11/15/16 @ 100(a)
    2,900       3,059  
Lee County Memorial Health Systems Hospital, Ser A, RB, 5.750%, 04/01/15, Callable 04/01/12 @ 100, AGM
    1,000       1,060  
 
See Notes to Financial Statements.


96


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Investment Grade Tax-Exempt Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Florida—continued
                 
Lee County Transportation Facility Authority, Ser A, RB, 5.500%, 10/01/13, Callable 10/01/11 @ 100, AMBAC
    2,000       2,132  
Miami-Dade County, Building Better Communities Program, Ser B, GO, 6.000%, 07/01/23, Callable 07/01/18 @ 100
    2,000       2,270  
Miami-Dade County, Building Better Communities Program, Ser B, GO, 6.125%, 07/01/25, Callable 07/01/18 @ 100
    3,000       3,397  
Miami-Dade County, Water & Sewer System, RB, 5.000%, 10/01/28, Callable 10/01/20 @ 100
    5,345       5,472  
Palm Beach County School Board, Ser B, COP, 5.000%, 08/01/25, Mandatory Put 08/01/11 @ 100, FGIC(a)
    3,000       3,113  
Palm Beach County Solid Waste Authority, RB, 5.500%, 10/01/22, Callable 10/01/19 @ 100, BHAC
    9,000       10,153  
Polk County School District Sales Tax Authority, RB, 5.250%, 10/01/15, Callable 10/01/14 @ 100, AGM
    2,000       2,203  
Tampa Sales Tax Authority, Ser A, RB, 5.375%, 10/01/14, Callable 10/01/11 @ 101, AMBAC
    1,640       1,760  
                 
              94,301  
                 
Georgia (4.2%)
Carroll County, GO, 4.500%, 07/01/10, AGC
    2,500       2,526  
Fulton County Development Authority, Health System Catholic East, RB, 5.000%, 11/15/15^
    5,490       6,006  
Fulton County Development Authority, Health System Catholic East, RB, 5.000%, 11/15/17^
    3,890       4,167  
Gainesville & Hall County Hospital Authority, Northeast Health System, Inc., Ser B, RB, 5.125%, 02/15/40, Callable 02/15/20 @ 100, County Guaranteed
    4,500       4,369  
Georgia State Finance & Investment Commission, Ser E, GO, 5.000%, 07/01/18
    10,000       11,586  
Georgia State, Ser B, GO, 5.000%, 07/01/17, Callable 07/01/15 @ 100
    2,000       2,237  
Georgia State, Ser I, GO, 5.000%, 07/01/17
    11,500       13,333  
                 
              44,224  
                 
Illinois (7.2%)
Grundy, Kendall & Will Counties Community School District No. 201, GO, 5.750%, 10/15/21, Callable 10/15/18 @ 100, AGC
    8,600       9,777  
Illinois Finance Authority, Rockford Memorial Hospital, RB, 0.260%, 08/01/40, LOC:
               
JPMorgan Chase & Co.(a)
    20,200       20,200  
Illinois State Sales Tax, First Ser, RB, 5.000%, 06/15/22, Callable 06/15/13 @ 100(b)
    13,975       14,572  
Illinois State Sales Tax, RB, 5.000%, 06/15/20, Callable 06/15/15 @ 100, AGM
    5,000       5,288  
Illinois State Sales Tax, Ser X, RB, 5.500%, 06/15/13, Callable 06/15/10 @ 100
    3,390       3,402  
Illinois State Toll Highway Authority, RB, 5.000%, 01/01/19, Callable 07/01/15 @ 100, AGM
    6,400       6,932  
Illinois State Toll Highway Authority, Ser A, RB, 5.000%, 01/01/18, Callable 07/01/15 @ 100, AGM
    7,460       8,113  
 
See Notes to Financial Statements.


97


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Investment Grade Tax-Exempt Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Illinois—continued
                 
Illinois State Toll Highway Authority, Ser A-1, RB, 5.000%, 01/01/20, Callable 07/01/16 @ 100, AGM
    2,500       2,690  
Illinois State, Ser B, RB, 5.000%, 06/15/18
    3,000       3,280  
University of Illinois, Auxiliary Facilities System, Ser A, RB, 5.750%, 04/01/38, Callable 04/01/19 @ 100
    2,000       2,179  
                 
              76,433  
                 
Indiana (1.1%)
Indiana State Finance Authority, State Revolving Fund, Ser A, RB, 5.000%, 02/01/18
    10,060       11,485  
                 
Iowa (0.4%)
Iowa Finance Authority Health Facilities, Central Iowa Health System, Ser F, RB, 5.000%, 08/15/39, Mandatory Put 08/15/12 @ 100(a)
    4,500       4,794  
                 
Kansas (3.1%)
Kansas State Development Finance Authority, Adventist Bolingbrook Hospital, RB, 5.750%, 11/15/38, Callable 11/15/19 @ 100(b)
    26,090       27,732  
Kansas State Development Finance Authority, Adventist Bolingbrook Hospital, Ser D, RB, 5.000%, 11/15/22, Callable 11/15/17 @ 100
    2,000       2,073  
Kansas State Development Finance Authority, Adventist Bolingbrook Hospital, Ser D, RB, 5.000%, 11/15/24, Callable 11/15/17 @ 100
    2,750       2,813  
                 
              32,618  
                 
Kentucky (0.9%)
Kentucky Asset/Liability Commission Agency Fund, Project Notes, Federal Highway Trust, First Ser A, RB, 5.000%, 09/01/22, Callable 09/01/20 @ 100
    5,000       5,533  
Louisville & Jefferson County Regional Airport Authority System, Ser C, RB, 5.500%, 07/01/15, Callable 07/01/13 @ 100, AGM, AMT
    3,625       3,852  
                 
              9,385  
                 
Maryland (3.6%)
Maryland State & Local Facilities, Second Ser, GO, 5.000%, 08/01/18, Callable 08/01/13 @ 100(b)
    7,005       7,867  
Maryland State & Local Facilities, Ser C, GO, 5.000%, 11/01/18
    15,000       17,403  
Maryland State Department of Transportation, Consolidated Transportation, RB, 5.000%, 05/01/17, Callable 05/01/14 @ 100
    4,500       4,985  
Northeast Waste Disposal Authority, Solid Waste, RB, 5.500%, 04/01/16, Callable 04/01/13 @ 100, AMBAC, AMT
    7,500       7,848  
                 
              38,103  
                 
Massachusetts (2.3%)
Boston, Ser A, GO, 5.000%, 04/01/15, State Aid Withholding
    4,585       5,264  
Massachusetts State Health & Educational Facilities Authority, Harvard University, Ser A, RB, 5.000%, 12/15/27, Callable 12/15/19 @ 100, GO of Institution
    12,000       13,324  
Massachusetts State, Consolidated Lien, Ser C, GO, 5.000%, 09/01/18, Callable 09/01/15 @ 100
    5,310       5,841  
                 
              24,429  
                 
                 
 
See Notes to Financial Statements.


98


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Investment Grade Tax-Exempt Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Michigan (0.8%)
Detroit Sewer Disposal System, Senior Lien, Ser C, RB, 5.000%, 07/01/18, Callable 07/01/16 @ 100, FGIC/AGC-ICC
    2,500       2,613  
Kent Hospital Finance Authority, Spectrum Health, Ser A, RB, 5.000%, 01/15/47, Mandatory Put 01/15/12 @ 100(a)
    2,000       2,102  
Michigan Municipal Bond Authority, Clean Water State Revolving Fund, RB, 5.375%, 10/01/17, Callable 10/01/12 @ 100
    3,300       3,597  
                 
              8,312  
                 
Minnesota (1.1%)
Minnesota Public Facilities Authority, Revolving Fund, Ser A, RB, 5.000%, 03/01/14
    5,000       5,664  
Minnesota Public Facilities Authority, Revolving Fund, Ser A, RB, 5.000%, 03/01/17^
    5,525       6,356  
                 
              12,020  
                 
Missouri (1.0%)
Missouri State Highways & Transit Commission State Road, Federal Reimbursement, Ser A, RB, 5.000%, 05/01/21, Callable 05/01/20 @ 100
    3,000       3,412  
Missouri State Highways & Transit Commission State Road, Second Lien, RB, 5.250%, 05/01/20, Callable 05/01/17 @ 100
    6,500       7,315  
                 
              10,727  
                 
New Jersey (6.7%)
Bayonne, General Improvement, GO, 5.750%, 07/01/35, Callable 07/01/19 @ 100
    8,000       8,513  
Garden State Preservation Trust, Open Space & Farmland Preservation, Ser A, RB, 5.800%, 11/01/18, Callable 11/01/15 @ 100, AGM(b)
    8,000       9,328  
Garden State Preservation Trust, Open Space & Farmland Preservation, Ser A, RB, 5.800%, 11/01/20, Callable 11/01/15 @ 100, AGM(b)
    16,500       19,088  
New Jersey Economic Development Authority, School Facilities Construction, Ser O, RB, 5.000%, 03/01/20, Callable 03/01/15 @ 100
    5,000       5,301  
New Jersey State Higher Education Assistance Authority, Student Loan, Ser 1A, RB, 5.000%, 12/01/15
    7,700       8,431  
New Jersey State Higher Education Assistance Authority, Student Loan, Ser 1A, RB, 5.000%, 12/01/16
    2,000       2,151  
New Jersey State Higher Education Assistance Authority, Student Loan, Ser 1A, RB, 5.000%, 12/01/17
    2,000       2,136  
New Jersey State Higher Education Assistance Authority, Student Loan, Ser 1A, RB, 4.750%, 12/01/29, Callable 12/01/19 @ 100
    3,000       3,014  
New Jersey State Transportation Trust Fund Authority, Ser A, RB, 6.000%, 12/15/38, Callable 12/15/18 @ 100(b)
    11,835       13,056  
                 
              71,018  
                 
                 
 
See Notes to Financial Statements.


99


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Investment Grade Tax-Exempt Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
New York (3.6%)
Buffalo School Improvements, Ser D, GO, 5.500%, 12/15/14, Callable 12/15/11 @ 100, FGIC/MBIA-RE
    1,075       1,132  
New York City Municipal Water Finance Authority Water & Sewer System, Ser A, RB, 5.750%, 06/15/40, Callable 06/15/18 @ 100(b)
    15,330       17,224  
New York City Transitional Finance Authority, Building Aid, Ser S-2, RB, 6.000%, 07/15/38, Callable 07/15/18 @ 100, State Aid Withholding
    7,500       8,470  
New York City Transitional Finance Authority, Future Tax Secured, Ser D, RB, 5.000%, 11/01/17
    9,115       10,383  
Tobacco Settlement Financing Corp., Ser A-1, RB, 5.500%, 06/01/14, Callable 06/01/10 @ 100
    1,015       1,019  
                 
              38,228  
                 
North Carolina (0.9%)
North Carolina State, GO, 5.000%, 05/01/16, Callable 05/01/13 @ 100
    3,500       3,891  
North Carolina State, Ser A, GO, 5.000%, 03/01/17
    3,000       3,466  
University of North Carolina, Chapel Hill, Ser A, RB, 5.000%, 02/01/14
    1,885       2,092  
                 
              9,449  
                 
Ohio (0.2%)
Ohio State Higher Educational Facility Commission, University Hospitals Health System, Inc., Ser A, RB, 5.250%, 01/15/23, Callable 01/15/20 @ 100
    2,500       2,556  
                 
Oregon (0.3%)
Oregon State Department of Transportation, Highway User Tax, Ser B, RB, 5.000%, 11/15/17, Callable 11/15/14 @ 100
    2,500       2,778  
                 
Pennsylvania (7.8%)
Allegheny County Hospital Development Authority, University of Pittsburgh Medical Center, Ser A, RB, 5.000%, 05/15/15
    3,155       3,479  
Allegheny County Hospital Development Authority, University of Pittsburgh Medical Center, Ser A, RB, 5.000%, 05/15/16
    5,000       5,482  
Allegheny County Hospital Development Authority, University of Pittsburgh Medical Center, Ser A, RB, 5.000%, 05/15/17
    3,000       3,258  
Allegheny County Hospital Development Authority, University of Pittsburgh Medical Center, Ser A, RB, 5.000%, 05/15/18
    2,490       2,675  
Allegheny County Hospital Development Authority, University of Pittsburgh Medical Center, Ser F, RB, 1.340%, 05/15/38, Callable 02/01/13 @ 100(a)
    6,000       6,000  
Easton Area School District, Ser 2006, GO, 7.750%, 04/01/25, Callable 04/01/16 @ 100, AGM
    8,790       10,579  
Pennsylvania State, First Ser A, GO, 5.000%, 02/15/17
    17,500       20,037  
Saint Mary Hospital Authority Health System, Catholic Health East, Ser B, RB, 5.000%, 11/15/17^
    2,375       2,518  
Saint Mary Hospital Authority Health System, Catholic Health East, Ser B, RB, 5.000%, 11/15/18^
    5,645       5,915  
 
See Notes to Financial Statements.


100


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Investment Grade Tax-Exempt Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Pennsylvania—continued
                 
Saint Mary Hospital Authority Health System, Catholic Health East, Ser B, RB, 5.000%, 11/15/19^
    5,925       6,164  
Saint Mary Hospital Authority Health System, Catholic Health East, Ser B, RB, 5.000%, 11/15/20^
    5,725       5,915  
University of Pittsburgh, Commonwealth System of Higher Education, Ser B, RB, 5.500%, 09/15/23, Callable 03/15/19 @ 100, GO of Authority
    6,750       7,750  
University of Pittsburgh, Commonwealth System of Higher Education, Ser B, RB, 5.500%, 09/15/24, Callable 03/15/19 @ 100, GO of Authority
    2,500       2,858  
                 
              82,630  
                 
Puerto Rico (1.0%)
Puerto Rico Sales Tax Financing Corp., Sales Tax, Ser A, RB, 5.000%, 08/01/39, Mandatory Put 08/01/11 @ 100(a)(b)
    10,000       10,461  
                 
South Carolina (0.9%)
Beaufort County School District, Ser D, GO, 5.000%, 03/01/17, SCSDE
    6,500       7,410  
South Carolina State Public Service Authority, Ser A, RB, 5.000%, 01/01/17, Callable 01/01/14 @ 100, AGM
    2,300       2,522  
                 
              9,932  
                 
Tennessee (0.8%)
Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Vanderbilt University, Ser B, RB, 5.500%, 10/01/29, Callable 10/01/19 @ 100, GO of Authority
    5,000       5,626  
Shelby County Health Educational & Housing Facilities Board, Baptist Memorial Hospital-Desoto, Inc., Ser A, RB, 5.000%, 09/01/15
    2,500       2,739  
                 
              8,365  
                 
Texas (6.0%)
Clear Creek Independent School District, School Building, GO, 5.500%, 02/15/31, Callable 02/15/18 @ 100
    6,000       6,418  
Dallas Convention Center Hotel Development Corp., Ser A, RB, 5.250%, 01/01/21, Callable 01/01/19 @ 100
    2,250       2,373  
Dallas Independent School District, GO, 6.375%, 02/15/34, Callable 02/15/18 @ 100, PSF-GTD
    6,000       7,030  
Dallas, GO, 5.000%, 02/15/18, Callable 04/30/10 @ 100
    230       230  
Dallas, Ser A, GO, 5.000%, 02/15/18
    13,080       14,966  
Harris County Health Facilities Development Authority, Memorial Hermann Healthcare System, Ser B, RB, 7.125%, 12/01/31, Callable 12/01/18 @ 100
    4,050       4,534  
Lewisville Independent School District, School Building, GO, 5.000%, 08/15/22, Callable 02/15/19 @ 100
    2,000       2,184  
Lower Colorado River Authority, RB, 5.000%, 05/15/16
    5,000       5,628  
Lower Colorado River Authority, Ser A, RB, 5.875%, 05/15/15, Callable 05/06/10 @ 101, AGM
    1,185       1,192  
North Harris County Regional Water Authority, RB, 5.250%, 12/15/18, Callable 12/15/14 @ 100, NATL-RE
    2,690       2,947  
 
See Notes to Financial Statements.


101


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Investment Grade Tax-Exempt Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Texas—continued
                 
San Antonio Electric & Gas, RB, 5.000%, 02/01/24, Callable 02/01/15 @ 100
    1,875       2,011  
Texas State University Systems Financing, RB, 5.000%, 03/15/18, Callable 03/15/15 @ 100, AGM
    5,035       5,438  
University of North Texas, Financing Systems, Ser A, RB, 5.000%, 04/15/28, Callable 04/15/19 @ 100
    7,850       8,336  
                 
              63,287  
                 
Virginia (4.5%)
Virginia College Building Authority Educational Facilities, 21st Century College & Equipment Program, Ser D, RB, 5.000%, 02/01/13
    4,130       4,565  
Virginia Public School Authority, School Financing, Ser C, RB, 5.000%, 08/01/17, State Aid Withholding
    10,000       11,504  
Virginia State Resources Authority Clean Water, Revolving Fund, Ser A, RB, 5.000%, 10/01/18^
    5,810       6,676  
Virginia State Resources Authority Clean Water, Revolving Fund, Ser A, RB, 5.000%, 10/01/19^
    5,730       6,592  
Virginia State, Ser D, GO, 5.000%, 06/01/18
    16,000       18,553  
                 
              47,890  
                 
Washington (2.4%)
Energy Northwest Electric, Refunding Project 3, Ser A, RB, 5.000%, 07/01/18
    3,000       3,405  
Pierce County School District No. 10, Tacoma, GO, 5.000%, 12/01/16, Callable 12/01/13 @ 100, FGIC/MBIA-RE
    5,200       5,759  
Washington State, Ser 2010-C, GO, 5.000%, 01/01/18
    4,635       5,272  
Washington State, Ser A, GO, 5.000%, 07/01/19, Callable 07/01/14 @ 100
    2,855       3,066  
Washington State, Ser A, GO, 5.000%, 07/01/20, Callable 07/01/15 @ 100, AGM
    7,700       8,416  
                 
              25,918  
                 
Wisconsin (0.3%)
Wisconsin Health & Educational Facilities Authority, Aurora Health Care, Inc., Ser B, RB, 4.750%, 08/15/25, Mandatory Put 08/15/14 @ 100(a)
    3,500       3,700  
                 
Total Municipal Bonds
            907,322  
                 
Money Market Funds (17.4%)
Federated Tax-Free Obligations Fund
    68,077,517       68,078  
RidgeWorth Institutional Cash Management Money Market Fund(c)
    51,718,504       51,719  
SEI Tax-Exempt Trust, Institutional Tax-Free Fund
    65,217,959       65,218  
                 
Total Money Market Funds
            185,015  
                 
Total Investments (Cost $1,066,711)(d) — 102.8%
            1,092,337  
Liabilities in excess of other assets — (2.8)%
            (30,021 )
                 
Net Assets — 100.0%
          $ 1,062,316  
                 
 
 
^ Denotes investment purchased on a when-issued or delayed-delivery basis.
 
(a) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(b) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(c) Affiliated investment.
 
(d) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
AGC
— Security guaranteed by Assured Guaranty Corporation
 
AGC-ICC — Assured Guaranty Corporation Insured Custody Certificates.
 
AGM — Security guaranteed by Assured Guaranty Municipal Corporation
 
AMBAC — Security guaranteed by American Municipal Bond Assurance Corporation
 
AMT — Income subject to Alternative Minimum Tax
 
See Notes to Financial Statements.


102


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)

Investment Grade Tax-Exempt Bond Fund — concluded
 
BHAC — Security guaranteed by Berkshire Hathaway Assurance Corporation
 
COP — Certificate of Participation
 
ETM — Escrowed to Maturity
 
FGIC — Security guaranteed by Financial Guaranty Insurance Company
 
GO — General Obligation
 
LOC — Letter of Credit
 
MBIA-RE — Reinsurance provided by Municipal Bond Insurance Association
 
NATL-RE — Reinsurance provided by National Public Finance Guarantee Corporation
 
PSF-GTD — Security guaranteed by Permanent School Fund Guarantee Program
 
RB — Revenue Bond
 
SCSDE — Security guaranteed by South Carolina School Discount Enhancement
 
See Notes to Financial Statements.


103


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Limited Duration Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Asset-Backed Securities (22.1%)
Automobiles (14.0%)
AmeriCredit Automobile Receivables Trust, Ser 2007-DF, Cl A3B, 0.878%, 07/06/12(a)
    559       559  
AmeriCredit Automobile Receivables Trust, Ser 2008-AF, Cl A2A, 4.470%, 01/12/12
    70       70  
AmeriCredit Automobile Receivables Trust, Ser 2008-AF, Cl A2B, 1.978%, 01/12/12(a)
    157       158  
CNH Equipment Trust, Ser 2006-B, Cl A4, 0.270%, 03/15/12(a)
    559       558  
Daimler Chrysler Auto Trust, Ser 2006-C, Cl A4, 4.980%, 11/08/11
    806       811  
Triad Auto Receivables Owner Trust, Ser 2007-B, Cl A2B, 1.230%, 10/12/11(a)
    20       20  
World Omni Auto Receivables Trust, Ser 2007-B, Cl A3B, 0.620%, 01/17/12(a)
    980       980  
                 
              3,156  
                 
Credit Card (8.1%)
Household Credit Card Master Note Trust, Ser 2007-1, Cl A, 0.280%, 04/15/13(a)
    1,000       998  
MBNA Credit Card Master Note Trust, Ser 2005-A4, Cl A4, 0.270%, 11/15/12(a)
    815       815  
                 
              1,813  
                 
Total Asset-Backed Securities
            4,969  
                 
Collateralized Mortgage Obligations (74.8%)
Banc of America Commercial Mortgage, Inc., Ser 2002-PB2, Cl A3, 6.085%, 06/11/35
    86       87  
Bear Stearns Commercial Mortgage Securities Trust, Ser 2005-T20, Cl A1, 4.940%, 10/12/42
    117       117  
Commercial Mortgage Asset Trust, Ser 1999-C2, Cl A2, 7.546%, 11/17/32(a)
    86       86  
Federal Home Loan Mortgage Corporation, Ser 2474, Cl FJ, 0.580%, 07/15/17(a)
    1,138       1,131  
Federal Home Loan Mortgage Corporation, Ser 2589, Cl F, 0.430%, 03/17/33(a)
    1,354       1,353  
Federal Home Loan Mortgage Corporation, Ser 2608, Cl FJ, 0.630%, 03/15/17(a)
    916       915  
Federal Home Loan Mortgage Corporation, Ser 2630, Cl FJ, 0.580%, 06/15/18(a)
    231       231  
Federal Home Loan Mortgage Corporation, Ser 2834, Cl KF, 0.580%, 04/15/30(a)
    3,992       4,010  
Federal Home Loan Mortgage Corporation, Ser 3000, Cl KF, 0.630%, 07/15/35(a)
    839       833  
Federal Home Loan Mortgage Corporation, Ser R008, Cl FK, 0.630%, 07/15/23(a)
    2,038       2,032  
Federal National Mortgage Association, Ser 2003-121, Cl FC, 0.646%, 02/25/28(a)
    168       167  
Federal National Mortgage Association, Ser 2003-52, Cl KF, 0.646%, 07/25/17(a)
    442       440  
Federal National Mortgage Association, Ser 2003-8, Cl FB, 0.596%, 03/25/16(a)
    39       39  
Federal National Mortgage Association, Ser 2004-79, Cl FM, 0.546%, 11/25/24(a)
    3,799       3,772  
First Union National Bank Commercial Mortgage, Ser 2001-C4, Cl A1, 5.673%, 12/12/33
    213       213  
GMAC Commercial Mortgage Securities Inc., Ser 2003-C3, Cl A2, 4.223%, 01/10/40
    268       270  
LB-UBS Commercial Mortgage Trust, Ser 2004-C1, Cl A2, 3.624%, 01/15/29
    242       243  
Merrill Lynch Mortgage Trust, Ser 2003-KEY1, Cl A2, 4.435%, 11/12/35
    476       478  
Morgan Stanley Dean Witter Capital I, Ser 2001-PGMA, Cl A2, 0.780%, 03/11/16(a)(b)
    400       396  
                 
Total Collateralized Mortgage Obligations
            16,813  
                 
                 
 
See Notes to Financial Statements.


104


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)

Limited Duration Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Money Market Fund (21.2%)
RidgeWorth Institutional Cash Management Money Market Fund(c)
    4,774,051       4,774  
                 
Total Money Market Fund
            4,774  
                 
Total Investments (Cost $26,428)(d) — 118.1%
            26,556  
Liabilities in excess of other assets — (18.1)%
            (4,074 )
                 
Net Assets — 100.0%
          $ 22,482  
                 
 
 
(a) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(b) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 1.8% of net assets as of March 31, 2010.
 
(c) Affiliated investment.
 
(d) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
See Notes to Financial Statements.


105


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Limited-Term Federal Mortgage Securities Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Asset-Backed Security (0.3%)
Home Equity (0.3%)
Chase Funding Mortgage Loan Asset-Backed Certificates, Ser 2002-2, Cl 1A6, 5.214%, 08/25/13
    89       86  
                 
Total Asset-Backed Security
            86  
                 
Collateralized Mortgage Obligations (14.7%)
Credit Suisse First Boston Mortgage Securities Corp., Ser 2005-C5, Cl A3, 5.100%, 08/15/38(a)
    288       300  
Federal Home Loan Mortgage Corporation, Ser 2708, Cl ZD, 5.500%, 11/15/33
    319       329  
Federal Home Loan Mortgage Corporation, Ser 3347, Cl AK, 5.000%, 07/15/37(b)
    357       379  
Federal Home Loan Mortgage Corporation, Ser 3351, Cl PC, 6.000%, 07/15/37
    1,145       1,216  
Federal Home Loan Mortgage Corporation, Ser 3351, Cl ZC, 5.500%, 07/15/37
    207       213  
Government National Mortgage Association, Ser 2006-10, Cl ZT, 6.000%, 03/20/36
    454       494  
GS Mortgage Securities Corp. II, Ser 2005-GG4, Cl A4, 4.761%, 07/10/39
    359       356  
LB-UBS Commercial Mortgage Trust, Ser 2005-C7, Cl A3, 5.474%, 11/15/30(a)
    1,003       1,042  
Wachovia Bank Commercial Mortgage Trust, Ser 2005-C20, Cl A6A, 5.110%, 07/15/42(a)
    346       358  
                 
Total Collateralized Mortgage Obligations
            4,687  
                 
U.S. Government Agency Mortgages (73.8%)
Federal Home Loan Mortgage Corporation (17.7%)
5.000%, 02/01/24(b)
    1,246       1,318  
6.000%, 08/01/34(b)
    1,546       1,661  
6.500%, 06/01/38(b)
    144       156  
5.500%, 04/15/40, TBA^
    1,657       1,750  
6.000%, 05/15/40, TBA^
    717       767  
                 
              5,652  
                 
Federal National Mortgage Association (56.1%)
5.500%, 01/01/24(b)
    1,439       1,529  
4.500%, 01/01/25(b)
    1,930       2,005  
5.260%, 01/01/25
    541       562  
5.500%, 05/01/26(b)
    1,397       1,482  
5.500%, 04/01/29(b)
    877       932  
5.000%, 11/01/29
    349       363  
5.000%, 03/01/30
    323       336  
6.500%, 09/01/36(b)
    1,535       1,687  
6.000%, 11/01/39
    3,122       3,319  
5.000%, 03/01/40
    1,573       1,624  
6.500%, 06/25/40, TBA^
    3,721       4,009  
                 
              17,848  
                 
Total U.S. Government Agency Mortgages
            23,500  
                 
U.S. Treasury Obligation (9.9%)
U.S. Treasury Note (9.9%)
3.625%, 02/15/20(b)
    3,219       3,164  
                 
Total U.S. Treasury Obligation
            3,164  
                 
Money Market Fund (19.9%)
RidgeWorth Institutional U.S. Government Securities Money Market Fund(c)
    6,345,664       6,346  
                 
Total Money Market Fund
            6,346  
                 
Total Investments (Cost $37,325)(d) — 118.6%
            37,783  
Liabilities in excess of other assets — (18.6)%
            (5,922 )
                 
Net Assets — 100.0%
          $ 31,861  
                 
 
 
^ Denotes investment purchased on a when-issued or delayed-delivery basis.
 
(a) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(b) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(c) Affiliated investment.
 
(d) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
TBA
— To Be Announced. Securities purchased on a forward commitment basis with an appropriate principal amount and no definitive maturity date. The actual principal and maturity date will be determined upon settlement date.
 
See Notes to Financial Statements.


106


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Maryland Municipal Bond Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Municipal Bonds (97.0%)
Maryland (90.8%)
Anne Arundel County Special Obligation, Arundel Mills Project, RB, 5.125%, 07/01/22, Callable 07/01/14 @ 100, County Guaranteed
    1,000       1,107  
Baltimore County, Catholic Health Initiatives, Ser A, RB, 5.000%, 09/01/21, Callable 09/01/16 @ 100
    550       582  
Baltimore Sewer Improvement, Wastewater Projects, Ser C, RB, 5.000%, 07/01/22, Callable 07/01/16 @ 100, AMBAC
    1,000       1,067  
Baltimore Sewer Improvement, Wastewater Projects, Ser C, RB, 5.625%, 07/01/39, Callable 07/01/19 @ 100
    215       234  
Baltimore, GO, 5.000%, 10/15/27, Callable 10/15/18 @ 100, AGM
    500       542  
Baltimore, GO, 5.000%, 10/15/29, Callable 10/15/19 @ 100
    500       541  
Charles County, GO, 5.000%, 03/01/16
    500       573  
Frederick County, GO, 5.000%, 12/01/15
    1,075       1,239  
Frederick, GO, 5.000%, 03/01/27, Callable 03/01/19 @ 100
    500       548  
Frederick, GO, 5.000%, 03/01/34, Callable 03/01/19 @ 100
    750       799  
Harford County, GO, 5.000%, 07/15/25, Callable 07/15/15 @ 100
    1,000       1,068  
Howard County, GO, 5.000%, 02/15/15
    1,000       1,149  
Maryland Capital Improvements, GO, 5.250%, 03/01/17
    500       585  
Maryland Capital Improvements, GO, 5.000%, 02/15/19, Prerefunded 02/15/15 @ 100
    500       574  
Maryland Community Development Administration, Department of Housing & Community Development, RB, 5.000%, 09/01/27, Callable 03/01/17 @ 100, AMT
    1,000       1,005  
Maryland Community Development Administration, Department of Housing & Community Development, Ser A, RB, 5.000%, 09/01/34, Callable 09/01/18 @ 100
    235       238  
Maryland Community Development Administration, Department of Housing & Community Development, Ser F, RB, 5.700%, 09/01/28, Callable 11/01/18 @ 100
    300       321  
Maryland Health & Higher Educational Facilities Authority, Anne Arundel Health System, Inc., RB, 5.000%, 07/01/40, Callable 07/01/19 @ 100
    500       486  
Maryland Health & Higher Educational Facilities Authority, Calvert Health System, RB, 5.500%, 07/01/36, Callable 07/01/14 @ 100
    1,000       1,019  
Maryland Health & Higher Educational Facilities Authority, Goucher College, RB, 5.375%, 07/01/25, Callable 07/01/14 @ 100
    565       579  
Maryland Health & Higher Educational Facilities Authority, Johns Hopkins University, Ser A, RB, 5.250%, 07/01/38, Callable 07/01/18 @ 100(a)
    1,250       1,342  
Maryland Health & Higher Educational Facilities Authority, Lifebridge Health, RB, 5.000%, 07/01/28, Callable 07/01/17 @ 100, AGM
    520       536  
Maryland Health & Higher Educational Facilities Authority, Peninsula Regional Medical Center, RB, 5.000%, 07/01/20, Callable 07/01/16 @ 100
    700       731  
Maryland Health & Higher Educational Facilities Authority, Peninsula Regional Medical Center, RB, 5.000%, 07/01/26, Callable 07/01/16 @ 100
    500       511  
 
See Notes to Financial Statements.


107


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Maryland Municipal Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Maryland—continued
                 
Maryland Health & Higher Educational Facilities Authority, University of Maryland Medical System, RB, 5.000%, 07/01/16
    300       323  
Maryland Health & Higher Educational Facilities Authority, University of Maryland Medical System, RB, 5.000%, 07/01/34, Callable 07/01/19 @ 100
    500       497  
Maryland Health & Higher Educational Facilities Authority, University of Maryland Medical System, RB, 5.125%, 07/01/39, Callable 07/01/19 @ 100
    500       501  
Maryland Health & Higher Educational Facilities Authority, Western Maryland Health System, Ser A, RB, 5.000%, 07/01/15, NATL-RE/FHA
    1,000       1,093  
Maryland State Transportation Authority, Grant & Revenue Anticipation, RB, 5.250%, 03/01/18
    500       583  
Maryland State Transportation Authority, Grant & Revenue Anticipation, RB, 5.000%, 03/01/19, Callable 03/01/17 @ 100
    500       559  
Maryland State Transportation Authority, Grant & Revenue Anticipation, RB, 5.250%, 03/01/20, Callable 03/01/19 @ 100
    750       868  
Maryland State Transportation Authority, Transportation Facilities Project, RB, 5.000%, 07/01/23, Callable 07/01/18 @ 100
    1,000       1,096  
Montgomery County Economic Development, Trinity Health Care Group, RB, 5.500%, 12/01/16, Callable 12/01/11 @ 100
    1,000       1,073  
Montgomery County Housing Opportunities Commission, Ser A, RB, 4.450%, 07/01/17, Callable 01/01/11 @ 100
    25       25  
Montgomery County Revenue Authority, Lease, College Arts Center Project, Ser A, RB, 5.000%, 05/01/28, Callable 05/01/15 @ 100
    1,000       1,035  
Montgomery County Revenue Authority, Transportation Fund Lease, Ser A, RB, 5.125%, 11/01/29, Callable 11/01/18 @ 100
    250       266  
Montgomery County, Department of Liquor Control, Ser A, RB, 5.000%, 04/01/28, Callable 04/01/19 @ 100
    300       320  
St. Mary’s County, Construction Public Improvement, GO, 4.000%, 07/15/18
    375       405  
Talbot County, GO, 5.375%, 03/15/17, Callable 03/15/12 @ 101
    500       542  
Wicomico County, GO, 4.000%, 02/01/20
    250       263  
                 
              26,825  
                 
Puerto Rico (4.5%)
Puerto Rico Electric Power Authority, Ser XX, RB, 5.250%, 07/01/40, Callable 07/01/20 @ 100^
    500       494  
Puerto Rico Sales Tax Financing Corp., Sales Tax Revenue, Ser A, RB, 6.375%, 08/01/39, Callable 08/01/19 @ 100
    750       835  
                 
              1,329  
                 
Texas (1.7%)
Hays County Texas, GO, 5.000%, 02/15/35, Callable 02/15/19 @ 100^
    500       514  
                 
Total Municipal Bonds
            28,668  
                 
Money Market Fund (5.4%)
Federated Maryland Municipal Cash Trust
    1,585,180       1,585  
                 
Total Money Market Fund
            1,585  
                 
Total Investments (Cost $28,890)(b) — 102.4%
            30,253  
Liabilities in excess of other assets — (2.4)%
            (721 )
                 
Net Assets — 100.0%
          $ 29,532  
                 
 
See Notes to Financial Statements.


108


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Maryland Municipal Bond Fund — concluded
 
 
^ Denotes investment purchased on a when-issued or delayed-delivery basis.
 
(a) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(b) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
AGM
— Security guaranteed by Assured Guaranty Municipal Corporation
 
AMBAC — Security guaranteed by American Municipal Bond Assurance Corporation
 
AMT — Income subject to Alternative Minimum Tax
 
FHA — Security guaranteed by Federal Housing Administration
 
GO — General Obligation
 
NATL-RE — Reinsurance provided by National Public Finance Guarantee Corporation
 
RB — Revenue Bond
 
See Notes to Financial Statements.


109


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
North Carolina Tax-Exempt Bond Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Municipal Bonds (95.4%)
North Carolina (88.5%)
Appalachian State University, Procurement Services Building, RB, 5.000%, 07/15/30, Callable 07/15/15 @ 100, NATL-RE
    500       509  
Buncombe County, Ser B, COP, 4.000%, 06/01/10
    560       563  
Cabarrus County, Installment Financing Contract, COP, 5.000%, 01/01/29, Callable 01/01/19 @ 100
    500       525  
Cape Fear Public Utility Authority, Water & Sewer System, RB, 5.000%, 08/01/35, Callable 08/01/18 @ 100
    1,855       1,946  
Charlotte Water & Sewer System, RB, 5.000%, 07/01/38, Callable 07/01/18 @ 100
    1,000       1,057  
Charlotte Water & Sewer System, Ser B, RB, 5.000%, 07/01/38, Callable 07/01/20 @ 100
    500       535  
Charlotte-Mecklenburg Hospital Authority Health Care System, Ser A, RB, 5.000%, 01/15/21, Callable 01/15/17 @ 100
    1,000       1,037  
Charlotte-Mecklenburg Hospital Authority, Health Care Systems, Ser A, RB, 5.250%, 01/15/39, Callable 01/15/19 @ 100
    1,000       1,020  
Durham County, Ser B, 4.400%, 04/01/14, Callable 04/01/12 @ 100
    420       444  
Greensboro, Enterprise System, Ser A, RB, 5.000%, 06/01/25, Callable 06/01/17 @ 100
    1,605       1,744  
Iredell County School Project, COP, 5.125%, 06/01/27, Callable 06/01/18 @ 100, AGM
    1,000       1,068  
Lenoir County, GO, 5.000%, 02/01/21, Callable 02/01/17 @ 100, AGM
    500       548  
New Hanover County Hospital, New Hanover Regional Medical Center, Ser B, RB, 5.125%, 10/01/31, Callable 10/01/19 @ 100, AGM
    2,000       2,044  
North Carolina Capital Facilities Finance Agency Educational Facilities, Campbell University, RB, 0.280%, 10/01/34, LOC:
               
Branch Banking & Trust Co.(a)
    1,000       1,000  
North Carolina Capital Facilities Finance Agency Educational Facilities, Wake Forest University, RB, 5.000%, 01/01/38, Callable 01/01/19 @ 100
    3,585       3,771  
North Carolina Capital Facilities Finance Agency, Duke University Project, Ser A, RB, 5.250%, 07/01/42, Prerefunded 10/01/12 @ 100(b)
    1,000       1,104  
North Carolina Eastern Municipal Power Agency, Power System, Ser C, RB, 5.375%, 01/01/16, Callable 01/01/13 @ 100
    500       532  
North Carolina Housing Finance Agency, Homeownership, Ser 27-A, RB, 5.550%, 07/01/38, Callable 07/01/18 @ 100, AMT
    500       513  
North Carolina Medical Care Commission Health Care Facilities, Duke University Health Systems, Ser A, RB, 5.000%, 06/01/42, Callable 06/01/19 @ 100
    2,000       1,997  
North Carolina Medical Care Commission Health Care Facilities, Novant Health Obligations Group, Ser A, RB, 5.000%, 11/01/17, Callable 11/01/13 @ 100
    1,290       1,351  
North Carolina Medical Care Commission Health Care Facilities, Ser A, RB, 6.125%, 10/01/39, Callable 10/01/14 @ 100
    750       783  
North Carolina Medical Care Commission Health Care Facilities, University Health Systems, Ser D, RB, 6.250%, 12/01/33, Callable 12/01/18 @ 100
    2,000       2,196  
North Carolina Medical Care Commission Health Care Facilities, Wake County Hospital System, Ser A, RB, 5.625%, 10/01/29, Callable 10/01/14 @ 100, AGM
    500       521  
 
See Notes to Financial Statements.


110


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
North Carolina Tax-Exempt Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
North Carolina—continued
                 
North Carolina Medical Care Commission Health Care Facilities, Wake County Hospital System, Ser A, RB, 5.875%, 10/01/38, Callable 10/01/14 @ 100, AGM
    500       520  
North Carolina Municipal Power Agency, No. 1 Catawba Electric, Ser A, RB, 5.250%, 01/01/15
    1,000       1,123  
North Carolina Municipal Power Agency, No. 1 Catawba Electric, Ser A, RB, 5.000%, 01/01/30, Callable 01/01/19 @ 100
    3,000       3,059  
North Carolina State Education Assistance Authority, Ser Q-2, RB, 0.460%, 07/01/36, Guaranteed Student Loans, AMT(a)(c)
    950       855  
North Carolina State Ports Authority Facilities, Ser A, RB, 5.250%, 02/01/40, Callable 02/01/20 @ 100
    1,500       1,509  
Onslow County Hospital Authority, Onslow Memorial Hospital Project, RB, 5.125%, 04/01/18, Callable 10/01/16 @ 100, NATL-RE/FHA
    500       529  
Raleigh Durham Airport Authority, RB, 5.000%, 05/01/12, NATL-RE/FGIC, AMT
    1,000       1,064  
Raleigh Durham Airport Authority, Ser A, RB, 5.000%, 05/01/30, Callable 05/01/15 @ 100, AMBAC
    2,000       2,039  
Stanly County, GO,
3.000%, 02/01/12
    525       542  
University of North Carolina at Chapel Hill, RB, 5.000%, 12/01/31, Callable 12/01/17 @ 100
    1,270       1,350  
University of North Carolina Systems Pool, Ser A, RB, 5.250%, 10/01/28, Callable 10/01/19 @ 100
    500       547  
Wake County Hospital, RB, 5.125%, 10/01/13, Callable 10/01/13 @ 100, NATL-RE, ETM
    350       383  
Wake County Industrial Facilities & Pollution Control Financing Authority, Carolina Power & Light Co. Project, RB, 5.375%, 02/01/17, Callable 02/01/12 @ 101
    1,000       1,060  
Wake County, Hammond Road Detention Center, Ser 2009, RB, 5.000%, 06/01/28, Callable 06/01/19 @ 100
    585       632  
Wake County, RB, 5.000%, 01/01/26, Callable 01/01/20 @ 100
    1,000       1,094  
Winston-Salem North Carolina Water & Sewer System, RB, 5.000%, 06/01/28, Callable 06/01/19 @ 100
    250       272  
Winston-Salem North Carolina Water & Sewer System, RB, 5.000%, 06/01/39, Callable 06/01/19 @ 100(b)
    3,000       3,164  
                 
              46,550  
                 
Puerto Rico (6.9%)
Puerto Rico Electric Power Authority, Ser BB, RB, 6.000%, 07/01/11, NATL-RE
    485       514  
Puerto Rico Electric Power Authority, Ser JJ, RB, 5.250%, 07/01/13, NATL-RE
    325       354  
Puerto Rico Sales Tax Financing Corp., Sales Tax Revenue, Ser A, RB, 5.250%, 08/01/27, Callable 08/01/19 @ 100
    550       571  
Puerto Rico Sales Tax Financing Corp., Sales Tax Revenue, Ser A, RB, 6.000%, 08/01/42, Callable 08/01/19 @ 100
    1,125       1,208  
Puerto Rico Sales Tax Financing Corp., Sales Tax Revenue, Ser A, RB, 5.250%, 08/01/57, Callable 08/01/17 @ 100
    1,000       986  
                 
              3,633  
                 
Total Municipal Bonds
            50,183  
                 
                 
 
See Notes to Financial Statements.


111


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
North Carolina Tax-Exempt Bond Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Money Market Funds (3.4%)
Federated Tax-Free Obligations Fund
    840,346       840  
SEI Tax-Exempt Trust, Institutional Tax-Free Fund
    957,148       957  
                 
Total Money Market Funds
            1,797  
                 
Total Investments (Cost $50,459)(d) — 98.8%
            51,980  
Other assets in excess
of liabilities — 1.2%
            648  
                 
Net Assets — 100.0%
          $ 52,628  
                 
 
 
(a) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(b) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(c) The Fund’s adviser/subadviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. The illiquid securities held by the Fund as of March 31, 2010 are identified below (in thousands):
 
                                         
Issue
  Acquisition
  Cost
  Principal
  Value
  Percentage of
Description   Date   ($)   ($)   ($)   Net Assets(%)
 
 
North Carolina State Education Assistance Authority
    12/10/07       950       950       855       1.62  
 
(d) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
AGM
— Security guaranteed by Assured Guaranty Municipal Corporation
 
AMBAC — Security guaranteed by American Municipal Bond Assurance Corporation
 
AMT — Income subject to Alternative Minimum Tax
 
COP — Certificate of Participation
 
ETM — Escrowed to Maturity
 
FGIC — Security guaranteed by Financial Guaranty Insurance Company
 
FHA — Security guaranteed by Federal Housing Administration
 
GO — General Obligation
 
LOC — Letter of Credit
 
NATL-RE — Reinsurance provided by National Public Finance Guarantee Corporation
 
RB — Revenue Bond
 
See Notes to Financial Statements.


112


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix Floating Rate High Income Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Bank Loans (83.8%)
Aerospace/Defense (1.4%)
AM General Corp., 3.246%, 09/30/12(a)(b)
    238       219  
AM General Corp., 3.251%, 09/30/13(a)(b)
    5,005       4,605  
Delos Aircraft, Inc., 7.000%, 03/15/16^(a)(b)
    9,115       9,233  
Hawker Beechcraft Acquisition Co., 10.500%, 03/26/14(a)(b)
    3,279       3,221  
                 
              17,278  
                 
Apparel (0.5%)
Claire’s Stores, Inc., 3.040%, 05/29/14^(a)(b)
    3,727       3,279  
Hanesbrands, Inc., 5.250%, 12/10/15(a)(b)
    2,294       2,318  
                 
              5,597  
                 
Auto Manufacturers (2.5%)
Ford Motor Co., 3.259%, 12/15/13(a)(b)(c)
    21,512       20,796  
HHI Group Holdings LLC, 10.500%, 03/30/15^(b)
    6,525       6,525  
TRW Automotive Holdings Corp., 5.000%, 05/30/16^(a)(b)
    2,294       2,312  
                 
              29,633  
                 
Auto Parts & Equipment (0.2%)
Allison Transmission, Inc., 3.219%, 09/11/14(b)
    2,787       2,652  
                 
Building Materials (0.2%)
Building Materials Corp., 3.000%, 02/22/14(a)
    2,779       2,728  
                 
Chemicals (5.5%)
Ashland, Inc., 6.000%, 11/13/13(b)
    430       431  
Ashland, Inc., 7.650%, 05/13/14(b)(c)
    1,069       1,079  
Celanese Holdings LLC, 2.001%, 04/02/14(a)(b)
    3,588       3,515  
CF Industries Holdings, Inc., 5.750%, 03/30/15(b)
    16,310       16,065  
Chemtura Corp., 6.000%, 02/02/11^(a)(b)
    4,035       4,055  
Columbian Chemicals Co., 6.313%, 03/16/13(a)(b)
    4,251       4,060  
GenTek, Inc., 7.000%, 10/28/14(a)(b)
    1,746       1,756  
Huntsman International LLC, 2.004%, 04/21/14(a)(b)
    6,199       5,939  
Ineos Group Holdings PLC, 7.001%, 12/14/12(a)(b)
    1,168       1,160  
Ineos Group Holdings PLC, 7.501%, 12/14/13(a)(b)
    3,988       3,903  
Ineos Group Holdings PLC, 8.001%, 12/16/14(a)(b)
    400       394  
Lyondell Chemical Co., Dutch Revolver, 3.748%, 12/22/13^(a)(b)(d)
    233       182  
Lyondell Chemical Co., Revolver, 3.748%, 12/22/13^(a)(b)(d)
    873       681  
Lyondell Chemical Co.,
Term Loan A, 3.748%, 12/22/13^(a)(b)(d)
    512       400  
Lyondell Chemical Co.,
Term A, 3.748%, 12/22/13^(a)(b)(d)
    1,663       1,297  
Lyondell Chemical Co.,
Term B1, 3.998%, 12/22/14^(a)(b)(d)
    668       521  
Lyondell Chemical Co.,
Term B1, 7.000%, 12/22/14^(a)(b)(d)
    2,900       2,262  
Lyondell Chemical Co.,
Term B2, 3.998%, 12/22/14^(a)(b)(d)
    668       521  
Lyondell Chemical Co., Term, B2, 7.000%, 12/22/14^(a)(b)(d)
    2,900       2,262  
Lyondell Chemical Co.,
Term B3, 3.998%, 12/22/14^(a)(b)(d)
    668       521  
Lyondell Chemical Co.,
Term B3, 7.000%, 12/22/14^(a)(b)(d)
    2,900       2,262  
Lyondell Chemical Co., 03/30/16^(d)(e)
    1,630       1,646  
Macdermid Holdings LLC, 2.248%, 04/12/14^(a)(b)
    2,657       2,471  
Nalco Holding Co., 6.500%, 05/07/16(a)(b)
    3,970       4,005  
Rockwood Specialities Group, Inc., 6.000%, 07/30/14(a)(b)
    2,893       2,909  
Solutia, Inc., 4.750%, 03/12/17^(a)(b)
    1,775       1,790  
                 
              66,087  
                 
Commercial Services (3.7%)
BNY ConvergEx Group, 3.271%, 09/30/13(a)(b)
    1,257       1,220  
BNY ConvergEx Group, 3.300%, 10/02/13(a)(b)
    3,008       2,920  
Booz Allen Hamilton, Inc., 6.000%, 07/31/15(a)(b)
    4,613       4,630  
Catalina Marketing Corp., 2.981%, 10/01/14(a)(b)
    1,563       1,519  
Dresser, Inc., 2.500%, 05/04/14(a)(b)
    2,178       2,090  
 
See Notes to Financial Statements.


113


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix Floating Rate High Income Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Commercial Services—continued
                 
H3C Holdings Ltd., 3.437%, 10/14/12(a)(b)
    1,320       1,254  
Hertz Corp., 1.985%, 12/21/12(a)(b)
    4,186       4,133  
Hertz Corp., 2.021%, 12/21/12(a)(b)
    772       762  
Live Nation, Inc., 3.519%, 06/21/13(a)(b)
    3,102       3,063  
Live Nation, Inc., 3.527%, 12/21/13(a)(b)
    2,022       1,997  
Merrill Corp., 8.500%, 12/22/12(a)(b)
    1,312       1,217  
Merrill Corp., 14.750%, 11/15/13(a)(b)
    2,023       1,538  
National Money Mart Co., 7.000%, 10/30/12(a)(b)
    56       54  
National Money Mart Co., 7.000%, 10/30/12(a)(b)
    41       40  
Oshkosh Truck Corp., 6.260%, 12/06/13(a)(b)(c)
    4,507       4,518  
Quintiles Transnational Corp., 2.300%, 03/31/13(a)(b)
    958       930  
Sedgwick CMS Holdings, Inc., 2.498%, 01/31/13(a)(b)
    1,756       1,713  
TL Acquisitions, Inc., 2.790%, 07/03/14(a)(b)
    5,653       4,979  
YB Marketing LLC, 2.374%, 06/30/11(b)
    2,000       1,920  
YB Marketing LLC, 3.998%, 07/31/14(b)
    5,000       3,756  
                 
              44,253  
                 
Computers (0.7%)
Network Solutions LLC, 2.539%, 03/07/14(a)(b)
    1,749       1,627  
Seahawk Acquisition Corp., 2.290%, 06/11/14(a)(b)
    925       875  
Sungard Data Systems, Inc., 1.979%, 02/11/13^(a)(b)
    6,483       6,259  
                 
              8,761  
                 
Consumer Discretionary (0.6%)
Collective Brands, Inc., 2.990%, 08/01/14(a)(b)
    1,667       1,631  
Reynolds Consumer Products Holdings, Inc., 6.250%, 11/02/15(a)(b)
    5,640       5,691  
                 
              7,322  
                 
Consumer Staples (0.8%)
Dole Food Co., Inc., 5.005%, 02/23/17^(a)(b)
    1,297       1,310  
Dole Food Co., Inc., 5.042%, 02/23/17^(a)(b)
    522       527  
Revlon Consumer Products Corp., 6.000%, 03/09/15^(a)(b)
    8,125       8,034  
                 
              9,871  
                 
Diversified Financial Services (6.4%)
American Capital Holdings, Inc., 03/31/11^(e)
    11,042       11,066  
American General Finance Corp., 0.850%, 07/14/10^(b)
    18,060       17,642  
CIT Group, Inc., 9.500%, 01/20/12(a)(b)(c)
    13,500       13,814  
East Valley Tourist Development Authority, 12.000%, 08/06/12(b)(d)(f)(g)
    3,047       2,590  
First Data Corp., 2.983%, 09/24/14^(a)(b)
    4,798       4,245  
First Data Corp., 3.030%, 09/24/14^(a)(b)
    4,729       4,179  
First Data Corp., 3.030%, 09/24/14^(a)(b)
    2,213       1,953  
Harland Clarke Holdings Corp., 2.782%, 06/30/14^(a)(b)
    4,895       4,464  
International Lease Finance Corp., 6.750%, 03/15/15(a)(b)
    6,095       6,253  
Nielsen Finance LLC, 2.228%, 08/09/13(a)(b)
    3,705       3,544  
Nielsen Finance LLC, 3.978%, 05/02/16(a)(b)
    2,729       2,677  
Peach Holdings, Inc., 6.250%, 11/21/13(a)(b)
    588       441  
RiskMetrics Group, Inc., 2.290%, 01/11/14(a)(b)
    977       969  
WideOpenWest Finance LLC, 6.759%, 06/26/14(a)(b)
    2,900       2,907  
                 
              76,744  
                 
Electric (3.7%)
Calpine Corp., 3.165%, 03/29/14(a)(b)
    2,793       2,705  
Mirant North America LLC, 1.998%, 01/03/13(a)(b)
    1,479       1,450  
NRG Energy, Inc., 1.998%, 02/01/13^(a)(b)(c)
    12,001       11,748  
NRG Energy, Inc., 2.040%, 02/01/13^(a)(b)(c)
    7,984       7,816  
TXU Energy Co. LLC, 3.729%, 10/10/14^(a)(b)
    6,770       5,554  
TXU Energy Co. LLC, 3.729%, 10/10/14^(a)(b)(c)
    7,026       5,764  
TXU Energy Co. LLC, 3.729%, 10/10/14(a)(b)(c)
    4,937       4,011  
 
See Notes to Financial Statements.


114


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix Floating Rate High Income Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Electric—continued
                 
TXU Energy Co. LLC, 3.729%, 10/10/14(a)(b)
    5,970       4,791  
                 
              43,839  
                 
Energy (1.3%)
Aquilex Holdings LLC, 6.250%, 03/26/16^(b)
    4,075       4,093  
First Light Power Resources, Inc., 2.813%, 11/01/13(a)(b)
    629       587  
First Light Power Resources, Inc., 2.813%, 11/01/13(a)(b)
    65       61  
First Light Power Resources, Inc., 4.813%, 05/01/14(a)(b)
    4,580       4,099  
KGen LLC, 2.000%, 02/01/14(a)(b)
    3,016       2,828  
KGen LLC, 2.063%, 02/01/14(a)(b)
    2,371       2,222  
MACH Gen LLC, 2.251%, 02/22/13(a)(b)
    1,068       985  
NSG Holdings LLC, 1.757%, 06/15/14(a)(b)
    249       237  
NSG Holdings LLC, 1.757%, 06/15/14(a)(b)
    51       49  
                 
              15,161  
                 
Entertainment (3.1%)
Carmike Cinemas, Inc., 5.500%, 01/27/16(a)(b)
    5,852       5,849  
Cedar Fair LP, 2.250%, 02/17/12(a)(b)
    1,230       1,204  
Cinemark, Inc., 3.500%, 04/30/16(a)(b)
    2,414       2,403  
Rainbow National Services LLC, 1.292%, 06/28/13(a)(b)
    6,235       5,923  
Universal City Development Partners Ltd., 6.500%, 10/29/14(a)(b)
    10,224       10,314  
Universal City Development Partners Ltd., 7.750%, 10/29/14(b)
    4,613       4,683  
Venetian Macao Ltd., 4.800%, 05/25/12^(a)(b)
    2,375       2,301  
Venetian Macao Ltd., 4.800%, 05/25/13^(a)(b)
    4,111       3,983  
                 
              36,660  
                 
Food (1.2%)
Wm. Bolthouse Farms, Inc., 5.500%, 02/10/16^(a)(b)
    2,775       2,789  
Wm. Wrigley Jr. Co., 3.063%, 12/16/12(a)(b)
    2,729       2,746  
Wm. Wrigley Jr. Co., 3.313%, 12/16/14(a)(b)
    9,172       9,226  
                 
              14,761  
                 
Forest Products & Paper (0.5%)
Georgia-Pacific Corp., 2.258%, 12/20/12(a)(b)
    1,820       1,808  
Georgia-Pacific Corp., 3.513%, 12/20/14(a)(b)
    3,906       3,925  
                 
              5,733  
                 
Health Care (10.5%)
Ardent Health Services LLC, 6.500%, 09/14/15^(a)(b)
    8,125       8,029  
Axcan Intermediate Holdings, 3.790%, 02/18/14(a)(b)
    1,587       1,547  
Bausch & Lomb, Inc., 3.540%, 04/24/15(a)(b)
    1,576       1,538  
Bausch & Lomb, Inc., 3.540%, 04/24/15(a)(b)
    382       373  
Biomet, Inc., 3.281%, 03/25/15(a)(b)
    4,934       4,850  
Capella Healthcare, Inc., 5.750%, 02/28/15(a)(b)
    2,903       2,888  
Carestream Health, Inc., 2.248%, 04/30/13(a)(b)
    2,521       2,413  
Carestream Health, Inc., 5.498%, 10/30/13(a)(b)
    1,000       913  
Community Health Systems, 2.502%, 07/25/14^(a)(b)(c)
    17,487       17,011  
Community Health Systems, 2.502%, 07/25/14^(a)(b)
    1,275       1,242  
CRC Health Corp., 2.540%, 02/06/13(a)(b)
    2,836       2,715  
Golden Gate National Care LLC, 2.998%, 03/14/11(a)(b)
    4,433       4,311  
Golden Gate National Care LLC, 7.998%, 10/09/11(a)(b)
    2,415       2,367  
Harlan Sprague Dawley, Inc., 3.730%, 07/11/14(a)(b)(d)
    4,849       4,425  
HCA, Inc., 1.790%, 11/17/12(a)(b)(c)
    14,094       13,653  
HCA, Inc., 2.540%, 11/18/13(a)(b)(c)
    8,024       7,820  
Health Management Associates, 2.040%, 02/28/14(a)(b)
    7,321       7,087  
Iasis Healthcare Corp., 2.245%, 03/14/14(a)(b)
    191       184  
 
See Notes to Financial Statements.


115


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix Floating Rate High Income Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Health Care—continued
                 
Iasis Healthcare Corp., 2.248%, 03/14/14(a)(b)
    706       677  
Iasis Healthcare Corp., 2.248%, 03/14/14(a)(b)
    2,039       1,956  
IM US Holdings LLC, 2.240%, 06/26/14(a)(b)
    2,970       2,868  
LifePoint Hospitals, Inc., 1.887%, 04/15/12(a)(b)
    4,509       4,430  
Multiplan, Inc., 3.500%, 04/12/13(a)(b)
    1,108       1,084  
Multiplan, Inc., 3.500%, 04/12/13(a)(b)
    672       658  
Multiplan, Inc., 6.000%, 04/12/13^(a)(b)
    2,440       2,442  
Mylan, Inc., 3.550%, 10/02/14(a)(b)
    3,150       3,148  
National Mentor Holdings, Inc., 2.300%, 06/28/13(a)(b)
    1,819       1,683  
National Mentor Holdings, Inc., 2.231%, 06/29/13(a)(b)
    110       102  
Skilled Healthcare Group, Inc., 2.248%, 06/15/12^(b)
    4,633       4,592  
Vanguard Health Systems, Inc., 5.000%, 01/15/16(a)(b)
    7,500       7,511  
Warner Chilcott PLC, 5.500%, 10/14/14(a)(b)(c)
    4,260       4,264  
Warner Chilcott PLC, 5.750%, 03/14/15(a)(b)
    1,961       1,964  
Warner Chilcott PLC, 5.750%, 03/14/15(a)(b)(c)
    3,265       3,270  
Warner Chilcott PLC, 5.750%, 04/30/15(a)(b)
    2,768       2,772  
                 
              126,787  
                 
Industrials (0.6%)
Bucyrus International, Inc., 4.500%, 12/21/15^(a)(b)
    6,915       6,977  
                 
Information Technology (4.3%)
Allen Systems Group, Inc., 8.500%, 10/19/13(a)(b)
    2,716       2,729  
Flextronics International Ltd., 2.501%, 10/01/12(a)(b)
    7,182       7,002  
Flextronics International Ltd., 2.491%, 10/01/14(a)(b)
    1,937       1,848  
Flextronics International Ltd., 2.501%, 10/01/14(a)(b)
    456       436  
Flextronics International Ltd., 2.540%, 10/01/14(a)(b)
    757       723  
NDS Group PLC, 7.230%, 02/03/17(a)(b)
    27,900       27,063  
Skype Technologies SA, 7.000%, 02/22/15^(a)(b)(c)
    12,365       12,413  
                 
              52,214  
                 
Insurance (0.5%)
Hub International Ltd., 6.750%, 06/12/14(a)(b)
    4,577       4,547  
Hub International Ltd., 2.790%, 06/13/14(a)(b)
    795       740  
Hub International Ltd., 2.790%, 06/13/14(a)(b)
    179       166  
                 
              5,453  
                 
Leisure Time (0.3%)
Sabre Holdings Corp., 2.369%, 09/30/14^(a)(b)
    4,127       3,842  
                 
Lodging (1.1%)
Harrah’s Operating Co., Inc., 3.249%, 01/28/15(a)(b)
    4,100       3,533  
Harrah’s Operating Co., Inc., 9.500%, 10/01/16(a)(b)
    5,985       6,189  
Kerzner International Ltd., 3.256%, 08/31/13(b)(g)
    179       121  
Kerzner International Ltd., 3.260%, 08/31/13(b)(g)
    1,085       736  
Kerzner International Ltd., 3.290%, 08/31/13(b)(g)
    1,908       1,295  
MGM Mirage, Inc., 3.461%, 10/03/11(a)(b)
    700       643  
MGM Mirage, Inc., 6.000%, 10/03/11^(a)(b)
    953       927  
                 
              13,444  
                 
Machinery Diversified (0.5%)
Manitowoc Co., Inc. (The), 7.500%, 10/25/14(a)(b)
    3,140       3,143  
NACCO Materials Handling Group, Inc., 2.338%, 03/21/13(a)(b)
    3,369       3,015  
                 
              6,158  
                 
Media (8.3%)
Block Communications, Inc., 2.290%, 12/19/12(a)(b)
    977       917  
Cablevision Systems Corp., 0.980%, 12/13/13(a)(b)(c)
    7,157       7,014  
Charter Communications Operating LLC, 2.305%, 03/06/14(a)(b)(c)
    14,463       13,937  
Charter Communications, Inc., 2.752%, 07/28/14^(a)(b)
    3,735       3,416  
Clear Channel Communications, Inc., 01/29/16(e)
    817       645  
 
See Notes to Financial Statements.


116


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix Floating Rate High Income Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Media—continued
                 
Clear Channel Communications, Inc., 01/29/16(e)
    788       622  
Clear Channel Communications, Inc., 3.898%, 01/29/16(a)(b)
    11,930       9,646  
CMP Susquehanna Radio Holdings Corp., 2.250%, 05/05/13^(a)(b)
    2,318       1,951  
Discovery Communications, Inc., 5.250%, 05/14/14^(a)(b)(c)
    12,860       12,956  
Getty Images, Inc., 6.250%, 07/02/15(a)(b)
    5,457       5,478  
Gray Television, Inc., 3.750%, 12/31/14^(b)
    3,730       3,593  
Insight Midwest Holdings LLC, 1.500%, 10/06/13(a)(b)
    9,773       9,561  
LIN TV Corp., 4.040%, 03/11/11(b)
    901       829  
Mediacom LLC, 5.500%, 03/31/17(a)(b)
    5,473       5,489  
Quebecor Media, Inc., 2.251%, 01/17/13(a)(b)
    1,423       1,386  
Sinclair Broadcasting Group, 6.500%, 10/23/15(a)(b)
    4,500       4,553  
Telesat Holdings, Inc., 3.250%, 10/31/14(a)(b)(c)
    3,812       3,753  
Telesat Holdings, Inc., 3.250%, 10/31/14(a)(b)(c)
    327       322  
Tribune Co., 5.250%, 05/17/14(a)(b)
    4,000       2,550  
Univision Communications, 2.540%, 09/29/14(a)(b)
    9,000       8,010  
Weather Channel Interactive, Inc. (The), 5.000%, 09/14/15^(a)(b)
    3,199       3,233  
                 
              99,861  
                 
Miscellaneous Manufacturer (1.6%)
Activant Solutions Holdings, Inc., 2.285%, 05/02/13(a)(b)
    1,378       1,306  
Bombardier, Inc., 2.999%, 06/28/13^(b)
    1,698       1,490  
EPCO Holdings, Inc., 1.246%, 08/07/12(a)(b)
    10,000       9,300  
Goodyear Engineered Products, 5.750%, 07/25/14(b)
    1,627       1,435  
John Maneely Co., 3.501%, 12/08/13(a)(b)
    6,036       5,725  
                 
              19,256  
                 
Oil & Gas (7.3%)
Alon Refining Krotz Springs, Inc., 2.498%, 08/04/13(b)(g)
    110       86  
Alon Refining Krotz Springs, Inc., 2.499%, 08/04/13(b)(g)
    880       689  
Atlas Pipeline Partners LP, 6.750%, 07/27/14(a)(b)(c)
    11,467       11,445  
ATP Oil & Gas Corp., 12.250%, 01/15/14^(a)(b)
    1,352       1,366  
ATP Oil & Gas Corp., 11.250%, 07/15/14^(a)(b)
    9,549       9,651  
Big West Oil LLC, 02/19/15^(e)
    12,195       12,327  
Enterprise GP Holdings LP, 2.493%, 11/08/14(a)(b)
    7,810       7,693  
EPD Holdings, 5.780%, 07/25/14^(b)
    233       206  
Hercules Offshore, Inc., 6.000%, 07/11/13(a)(b)
    4,935       4,809  
MEG Energy Corp., 6.000%, 04/03/16(a)(b)(c)
    21,169       20,944  
Petroleum Geo-Services ASA, 2.045%, 06/29/15(a)(b)
    763       745  
Pilot Travel Centers LLC, 11/24/15(e)
    7,850       7,910  
TPF Generation Holdings LLC, 2.251%, 12/15/11^(a)(b)
    276       266  
TPF Generation Holdings LLC, 2.290%, 12/15/13^(a)(b)
    2,221       2,143  
TPF Generation Holdings LLC, 2.290%, 12/15/13^(a)(b)
    543       524  
Vulcan Energy Corp., 5.500%, 09/25/15(a)(b)
    5,300       5,340  
Western Refining Co., 10.750%, 05/30/14(a)(b)
    2,113       2,030  
                 
              88,174  
                 
Packaging & Containers (0.5%)
Anchor Glass Container Corp., 6.000%, 02/25/16^(a)(b)
    1,485       1,480  
Smurfit-Stone Container Corp., 0.500%, 02/10/16(a)(b)
    4,630       4,631  
                 
              6,111  
                 
                 
 
See Notes to Financial Statements.


117


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix Floating Rate High Income Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Pipelines (1.2%)
Energy Transfer Equity LP, 1.989%, 11/01/12^(b)
    8,155       8,076  
Targa Resources, Inc., 6.000%, 06/17/16(a)(b)
    6,424       6,447  
                 
              14,523  
                 
Real Estate (3.3%)
CB Richard Ellis, 6.000%, 12/20/13(a)(b)
    1,445       1,437  
CB Richard Ellis, 6.750%, 12/20/15(a)(b)
    9,260       9,272  
CB Richard Ellis, 6.501%, 12/20/15(a)(b)
    8,746       8,743  
DuPont Fabros Technology, Inc., 12/02/14(e)
    9,000       8,977  
Mattamy Group, 2.563%, 04/11/13(a)(b)
    2,915       2,667  
Realogy Corp., 3.231%, 10/09/13^(a)(b)
    1,724       1,519  
Realogy Corp., 3.251%, 10/09/13^(a)(b)
    6,402       5,641  
Realogy Corp., 13.500%, 10/15/17(a)(b)
    1,750       1,921  
                 
              40,177  
                 
Retail (3.0%)
Capital Automotive LP, 1.980%, 12/16/10(a)(b)
    6,526       6,398  
Capital Automotive LP, 2.750%, 12/16/11^(b)
    4,344       4,042  
Dollar General Corp., 2.998%, 07/04/14(a)(b)
    3,415       3,375  
Gregg Appliances, Inc., 2.250%, 07/25/13(a)(b)
    883       857  
Michaels Stores, Inc., 4.787%, 07/31/16(a)(b)
    1,778       1,728  
Neiman Marcus Group, Inc., 2.251%, 04/06/13^(a)(b)
    2,371       2,244  
Petco Animal Supplies, Inc., 2.525%, 10/26/13(a)(b)
    923       907  
QVC, Inc., 3.745%, 10/04/11(a)(b)
    1,037       1,026  
QVC, Inc., 4.245%, 10/04/11(a)(b)
    447       443  
QVC, Inc., 4.745%, 06/30/12(a)(b)
    895       893  
QVC, Inc., 5.245%, 06/30/13(a)(b)
    895       896  
QVC, Inc., 5.745%, 03/30/14(a)(b)
    1,230       1,231  
Sports Authority, Inc. (The), 2.571%, 05/03/13(a)(b)
    2,888       2,613  
SUPERVALU, Inc., 1.165%, 06/02/11(a)(b)(c)
    4,474       4,437  
Toys “R” Us, Inc., 5.246%, 01/19/13^(b)
    3,730       3,637  
Toys “R” Us, Inc., 4.496%, 07/16/12(a)(b)
    1,000       1,002  
                 
              35,729  
                 
Semiconductors (0.5%)
Freescale Semiconductor, Inc., 1.979%, 11/29/13^(a)(b)
    3,524       3,325  
Freescale Semiconductor, Inc., 12.500%, 12/15/14(a)(b)
    748       768  
Spansion, Inc., 7.750%, 02/08/15^(a)(b)
    2,420       2,438  
                 
              6,531  
                 
Telecommunication Services (7.3%)
Asurion Corp., 3.231%, 07/03/14(a)(b)
    3,299       3,258  
Avaya, Inc., 3.002%, 12/10/14^(a)(b)
    5,386       4,800  
Bresnan Communications LLC, 2.431%, 09/29/13^(b)
    1,860       1,826  
Cequel Communications LLC, 2.253%, 11/05/13^(a)(b)(c)
    1,817       1,767  
Cequel Communications LLC, 4.749%, 05/05/14(a)(b)
    1,000       985  
Consolidated Commnunications Holdings, Inc., 2.750%, 12/29/14(a)(b)
    5,000       4,787  
Consolidated Commnunications Holdings, Inc., 2.750%, 12/29/14(a)
    115       110  
Intelsat Corp., 2.728%, 01/03/14(a)(b)(c)
    1,953       1,899  
Intelsat Corp., 2.728%, 01/03/14(a)(b)(c)
    1,952       1,899  
Intelsat Corp., 2.728%, 01/03/14(a)(b)(c)
    1,952       1,899  
Level 3 Communications, Inc., 2.501%, 03/13/14(a)(b)
    2,500       2,321  
Level 3 Communications, Inc., 11.500%, 03/13/14(a)(b)(c)
    12,750       13,897  
MetroPCS Wireless, Inc., 2.500%, 11/03/13(a)(b)
    4,936       4,823  
Qwest Services Corp., 6.950%, 07/18/10(a)(b)
    3,600       3,614  
Sorenson Communications, Inc., 6.000%, 08/16/13^(a)(b)
    5,345       5,215  
Stratos Global Corp., 4.750%, 02/13/12(a)(b)
    2,621       2,568  
 
See Notes to Financial Statements.


118


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix Floating Rate High Income Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Telecommunication Services—continued
                 
Stratos Global Corp., 4.750%, 02/13/12(a)(b)
    259       253  
UPC Financing Partnership, 3.180%, 09/02/13(a)(b)
    3,000       2,891  
UPC Financing Partnership, 2.180%, 12/31/14^(a)(b)
    2,593       2,518  
UPC Financing Partnership, 3.930%, 12/31/16(a)(b)
    3,107       3,058  
USI Holdings, 7.000%, 05/05/14(b)
    4,478       4,359  
Virgin Media Investment Holdings Ltd., 3.749%, 09/03/12(a)(b)
    3,091       3,073  
West Corp., 2.624%, 10/24/13(a)(b)
    2,389       2,317  
West Corp., 7.250%, 10/24/13(a)(b)
    4,277       4,321  
Wind Acquisition Holdings, 7.658%, 11/26/14(a)(b)
    8,800       8,778  
                 
              87,236  
                 
Transportation (0.5%)
Harbor Freight, 5.015%, 02/23/16^(a)(b)
    2,778       2,782  
Volnay Acquisition (Compagnie Generale), 3.470%, 01/12/14(a)(b)
    3,569       3,515  
                 
              6,297  
                 
Utilities (0.2%)
AES Corp. (The), 3.290%, 08/10/11(a)(b)
    1,833       1,818  
                 
Total Bank Loans
            1,007,668  
                 
Corporate Bonds (15.1%)
Advertising (0.1%)
Affinion Group, Inc., 10.125%, 10/15/13, Callable 10/15/10 @ 102.53
    1,000       1,025  
                 
Chemicals (0.5%)
Ashland, Inc., 9.125%, 06/01/17, Callable 06/01/13 @ 104.56(a)
    1,000       1,120  
Hexion Finance Escrow LLC, 8.875%, 02/01/18, Callable 02/01/14 @ 104.44(a)
    5,400       5,319  
                 
              6,439  
                 
Coal (0.1%)
CONSOL Energy, Inc., 8.000%, 04/01/17, Callable 04/01/14 @ 104^(a)
    540       555  
CONSOL Energy, Inc., 8.250%, 04/01/20, Callable 04/01/15 @ 104.13^(a)
    630       647  
                 
              1,202  
                 
Commercial Services (0.1%)
United Rentals NA, Inc., 9.250%, 12/15/19, Callable 12/15/14 @ 104.63
    675       689  
                 
Diversified Financial Services (2.8%)
American General Finance Corp., Ser I, MTN, 4.875%, 07/15/12
    4,500       4,239  
American General Finance Corp., Ser I, MTN, 5.850%, 06/01/13
    2,000       1,873  
CapitalSource, Inc., 12.750%, 07/15/14(a)
    1,585       1,815  
CIT Group, Inc., 7.000%, 05/01/14, Callable 05/07/10 @ 103.50
    4,645       4,390  
E*Trade Financial Corp., PIK, 12.500%, 11/30/17, Callable 11/30/12 @ 112.50
    3,718       4,443  
First Data Corp., 9.875%, 09/24/15, Callable 09/30/11 @ 104.94
    2,700       2,302  
Ford Motor Credit Co. LLC, 8.700%, 10/01/14
    4,500       4,879  
GMAC, Inc., 8.000%, 11/01/31
    5,000       4,775  
International Lease Finance Corp., 8.625%, 09/15/15^(a)
    965       986  
International Lease Finance Corp., 8.750%, 03/15/17^(a)
    1,010       1,033  
Provident Funding Association LP, 10.250%, 04/15/17, Callable 04/15/14 @ 105.13^(a)
    675       680  
UPC Germany GmbH, 8.125%, 12/01/17, Callable 12/01/12 @ 108.12(a)
    1,800       1,856  
                 
              33,271  
                 
                 
 
See Notes to Financial Statements.


119


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix Floating Rate High Income Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Diversified Minerals (0.9%)
Teck Cominco Ltd., 6.125%, 10/01/35
    1,000       912  
Teck Resources Ltd., 10.250%, 05/15/16, Callable 05/15/13 @ 105.13
    8,000       9,520  
                 
              10,432  
                 
Diversified Operations (0.4%)
Leucadia National Corp., 7.125%, 03/15/17, Callable 03/15/12 @ 103.56
    2,000       1,980  
McJunkin Red Man Corp., 9.500%, 12/15/16, Callable 12/15/12 @ 107.12(a)
    2,700       2,757  
                 
              4,737  
                 
Electric (1.0%)
Calpine Corp., 7.250%, 10/15/17, Callable 10/15/13 @ 103.63(a)
    4,156       4,083  
General Cable Corp., 2.626%, 04/01/15, Callable 04/19/10 @ 101
    5,133       4,607  
NRG Energy, Inc., 8.500%, 06/15/19, Callable 06/15/14 @ 104.25
    3,500       3,544  
                 
              12,234  
                 
Forest Products & Paper (0.2%)
NewPage Corp., 10.000%, 05/01/12, Callable 05/06/10 @ 103
    4,350       3,018  
                 
Health Care (0.0%)
Axcan Intermediate Holdings, Inc., 9.250%, 03/01/15, Callable 03/01/11 @ 106.94
    500       540  
                 
Insurance (0.1%)
Lincoln National Corp., 6.050%, 04/20/67, Callable 04/20/17 @ 100(b)
    1,000       833  
                 
Lodging (0.1%)
Ameristar Casinos, Inc., 9.250%, 06/01/14, Callable 12/01/11 @ 104.63
    1,000       1,047  
                 
Machinery Diversified (0.1%)
Terex Corp., 10.875%, 06/01/16, Callable 06/01/13 @ 105.44
    1,000       1,107  
                 
Media (0.4%)
Cablevision Systems Corp., 8.625%, 09/15/17(a)
    750       793  
Media General, Inc., 11.750%, 02/15/17, Callable 02/15/14 @ 105.88(a)
    740       732  
Telesat Canada, 11.000%, 11/01/15, Callable 11/01/12 @ 105.50
    1,800       2,002  
UPC Holding BV, 9.875%, 04/15/18, Callable 04/15/14 @ 104.94(a)
    1,000       1,050  
                 
              4,577  
                 
Oil & Gas (1.4%)
Atlas Pipeline Partners LP, 8.750%, 06/15/18, Callable 06/15/13 @ 104.38
    3,000       2,895  
Coffeyville Resources LLC, 9.000%, 04/01/15, Callable 04/01/12 @ 106.75^(a)
    235       239  
Coffeyville Resources LLC, 10.875%, 04/01/17, Callable 04/01/13 @ 108.16^(a)
    1,035       1,027  
OPTI Canada, Inc., 9.000%, 12/15/12, Callable 12/15/10 @ 102(a)
    375       386  
SandRidge Energy, Inc., 3.876%, 04/01/14, Callable 05/10/10 @ 102(b)
    1,000       917  
Western Refining, Inc., 10.750%, 06/15/14, Callable 12/15/11 @ 105(a)(b)
    11,500       10,350  
Western Refining, Inc., 11.250%, 06/15/17, Callable 06/15/13 @ 105.62(a)
    1,000       900  
                 
              16,714  
                 
Pharmaceuticals (0.0%)
PharmaNet Development Group, Inc., 10.875%, 04/15/17, Callable 04/15/14 @ 105.44^(a)
    270       273  
                 
Retail (0.0%)
Toys “R” Us Property Co. LLC, 8.500%, 12/01/17, Callable 12/01/13 @ 104.25(a)
    360       374  
                 
                 
 
See Notes to Financial Statements.


120


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix Floating Rate High Income Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Telecommunication Services (6.9%)
Cricket Communications, Inc., 7.750%, 05/15/16, Callable 05/15/12 @ 105.81
    3,000       3,113  
DigitalGlobe, Inc., 10.500%, 05/01/14, Callable 05/01/12 @ 105.25(a)
    5,850       6,303  
GeoEye, Inc., 9.625%, 10/01/15, Callable 10/01/13 @ 104.81(a)
    3,500       3,579  
Global Crossing (UK) Finance PLC, 10.750%, 12/15/14, Callable 12/15/10 @ 103.58
    3,000       3,150  
Global Crossing Ltd., 12.000%, 09/15/15, Callable 09/15/12 @ 106(a)
    2,375       2,636  
Intelsat Bermuda Ltd., 11.250%, 02/04/17, Callable 02/15/13 @ 105.62(b)(h)
    1,800       1,904  
Intelsat Bermuda Ltd., PIK, 11.500%, 02/04/17, Callable 02/15/13 @ 105.75(b)
    3,559       3,648  
Level 3 Financing, Inc., 4.140%, 02/15/15, Callable 04/30/10 @ 101(b)
    500       415  
Level 3 Financing, Inc., 10.000%, 02/01/18, Callable 02/01/14 @ 105(a)
    3,440       3,285  
NII Capital Corp., 8.875%, 12/15/19, Callable 12/15/14 @ 104.44(a)
    900       932  
Paetec Holding Corp., 8.875%, 06/30/17, Callable 06/30/13 @ 104.44
    1,000       1,028  
Qwest Communications International, Inc., 7.125%, 04/01/18, Callable 04/01/13 @ 103.56(a)
    4,500       4,646  
Sprint Capital Corp., 8.375%, 03/15/12
    5,315       5,528  
Sprint Capital Corp., 8.750%, 03/15/32
    4,500       4,174  
Sprint Nextel Corp., 0.651%, 06/28/10(b)
    5,000       4,982  
Telcordia Technologies, Inc., 4.001%, 07/15/12, Callable 07/15/10 @ 100(a)(b)
    3,600       3,474  
Viasat, Inc., 8.875%, 09/15/16, Callable 09/15/12 @ 106.66(a)
    4,500       4,601  
Virgin Media Finance PLC, 8.375%, 10/15/19, Callable 10/15/14 @ 104.19
    650       668  
Virgin Media Finance PLC, Ser 1, 9.500%, 08/15/16, Callable 08/15/13 @ 104.75
    5,550       6,063  
Virgin Media Secured Finance PLC, 6.500%, 01/15/18, Callable 01/15/14 @ 103.25(a)
    5,000       5,012  
Wind Acquisition Finance SA, 11.750%, 07/15/17, Callable 07/15/13 @ 105.88(a)
    8,000       8,840  
Wind Acquisition Finance SA, 12.250%, 07/15/17, Callable 07/15/13 @ 106.12(a)
    700       693  
Windstream Holdings of the Midwest, Inc., 6.750%, 04/01/28
    5,000       4,115  
                 
              82,789  
                 
Total Corporate Bonds
            181,301  
                 
Convertible Corporate Bonds (0.1%)
Diversified Financial Services (0.1%)
AmeriCredit Corp., 2.125%, 09/15/13
    1,000       969  
Jefferies Group, Inc., 3.875%, 11/01/29, Callable 11/01/17 @ 100
    500       497  
                 
Total Convertible Corporate Bonds
            1,466  
                 
Preferred Stock (0.0%)
Diversified Financial Services (0.0%)
Citigroup Capital XII, 8.500%, Callable 03/30/15 @ 25
    14       347  
                 
Total Preferred Stock
            347  
                 
                 
 
See Notes to Financial Statements.


121


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix Floating Rate High Income Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Money Market Fund (12.8%)
RidgeWorth Institutional Cash Management Money Market Fund(i)
    153,604,890       153,605  
                 
Total Money Market Fund
            153,605  
                 
Total Investments (Cost $1,297,042)(j) — 111.8%
    1,344,387  
Liabilities in excess of other assets — (11.8)%
            (141,379 )
                 
Net Assets — 100.0%
          $ 1,203,008  
                 
 
 
 ^ Denotes investment purchased on a when-issued or delayed-delivery basis.
 
(a) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/ subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 78.8% of net assets as of March 31, 2010.
 
(b) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(c) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(d) Issuer has filed for bankruptcy.
 
(e) This security has not settled as of March 31, 2010 and thus does not have a rate in effect. The security does not have a stated settlement date and will receive a rate upon settling with the custodian.
 
(f) Security in default.
 
(g) The Fund’s adviser/subadviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. The illiquid securities held by the Fund as of March 31, 2010 are identified below (in thousands):
 
                                         
Issue
  Acquisition
  Cost
  Principal
      Percentage of
Description   Date   ($)   ($)   Value($)   Net Assets(%)
 
 
Alon Refining Krotz Springs, Inc. 
    04/29/09       58       110       86       0.01  
Alon Refining Krotz Springs, Inc. 
    04/29/09       462       880       689       0.06  
East Valley Tourist Development Authority
    08/07/07       3,017       3,047       2,590       0.22  
Kerzner International Ltd. 
    08/31/06       178       179       121       0.01  
Kerzner International Ltd. 
    08/31/06       1,078       1,085       736       0.06  
Kerzner International Ltd. 
    08/31/06       1,898       1,908       1,295       0.11  
 
(h) Step bond. The rate shown is the rate in effect as of March 31, 2010.
 
(i) Affiliated investment.
 
(j) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
MTN
— Medium Term Note
 
PIK — Payment in-kind
 
As of March 31, 2010, the Fund had the following unfunded loan commitments (in thousands):
 
                 
        Unrealized
    Unfunded
  Appreciation/
Borrower   Commitments($)   (Depreciation)($)
 
Brand Services
    7,500       (628 )
Calpine Corp. 
    5,500       (578 )
MGM Mirage, Inc. 
    633       (51 )
Telcordia Technologies, Inc. 
    5,000       (500 )
                 
              (1,757 )
                 
 
The commitments are available until the maturity date of the respective security.
 
 
See Notes to Financial Statements.


122


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix Floating Rate High Income Fund — concluded
 
Credit Default Swap Agreements — Sell Protection
 
                                                             
                Implied Credit
      Upfront
      Unrealized
        Notional
  Fixed
  Spread as of
  Expiration
  Payments
      Appreciation/
Underlying Instrument
  Counterparty   Amount($)   Rate(%)   03/31/10(%)   Date   Made (Received)($)   Value($)   Depreciation($)
 
LCDX 100.13
  Goldman Sachs     (20,000 )     5.000       3.70       12/20/14       897       850       (47 )
                                                             
                                          897       850       (47 )
                                                             
 
Implied credit spreads are an indication of the seller’s performance risk, related to the likelihood of a credit event occuring that would require a seller to make payment to a buyer. Therefore, higher spreads would indicate a greater likelihood that a seller will be obligated to perform (i.e. make a payment) under the swap contract. Implied credit spreads for credit default swaps on credit indexes are linked to the weighted average spread across the underlying reference obligations included in a particular index.
 
The value column indicates the impact each respective swap agreement has on the Fund’s Net Assets of March 31, 2010.
 
The notional amount of Credit Default Swap contracts totaled $(20,000), in thousands, as of March 31, 2010. The monthly average notional amount for Credit Default Swap contracts totaled $(6,913), in thousands, for the year ended March 31, 2010.
 
The notional amount represents the maximum potential amount the Fund could be required to make as a seller of credit protection if a credit event occurs, as defined under the terms of the swap agreement, for each security included in the LCDX 100.13.
 
See Notes to Financial Statements.


123


 

SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix Global Strategy Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
U.S. Treasury Obligations (7.3%)
U.S. Treasury Bill (4.2%)
0.088%, 04/15/10(a)(b)
    400       400  
                 
U.S. Treasury Note (3.1%)
1.500%, 10/31/10(a)
    300       302  
                 
Total U.S. Treasury Obligations
            702  
                 
Money Market Fund (93.9%)
RidgeWorth Institutional Cash Management Money Market Fund(c)
    9,006,445       9,006  
                 
Total Money Market Fund
            9,006  
                 
Total Investments (Cost $9,708)(d) — 101.2%
            9,708  
Liabilities in excess of other assets — (1.2)%
            (119 )
                 
Net Assets — 100.0%
          $ 9,589  
                 
 
 
(a) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(b) Rate represents the effective yield at purchase.
 
(c) Affiliated investment.
 
(d) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
Credit Default Swap Agreements — Buy Protection
 
                                                       
                    Upfront
      Unrealized
        Notional
  Fixed
  Expiration
  Payments
      Appreciation/
Underlying Instrument
  Counterparty   Amount($)   Rate(%)   Date   Made (Received)($)   Value($)   Depreciation($)
 
Emerging Markets CDX Indices, Series 12
  Barclays Bank PLC     962       5 .000       12/20/14       (97 )     (113 )     (16 )
Emerging Markets CDX Indices, Series 12
  Barclays Bank PLC     1,720       5 .000       12/20/14       (178 )     (201 )     (23 )
Kingdom of Belgium
  Deutsche Bank     2,800       1 .000       09/20/15       (67 )     (63 )     4  
Kingdom of Ireland
  Credit Suisse First Boston     3,100       1 .000       09/20/15       44       71       27  
Kingdom of Norway
  Morgan Stanley     2,923       0 .250       09/20/15       (14 )     (11 )     3  
Kingdom of Norway
  Goldman Sachs     2,923       0 .250       09/20/15       (9 )     (11 )     (2 )
Kingdom of Spain
  Morgan Stanley     2,010       1 .000       06/20/15       (4 )     17       21  
Republic of Portugal
  Goldman Sachs     2,500       1 .000       06/20/15       21       53       32  
Republic of Portugal
  Barclays Bank PLC     1,365       1 .000       06/20/15       19       29       10  
Republic of Portugal
  Deutsche Bank     1,962       1 .000       09/20/15       19       44       25  
                                                       
                                    (266 )     (185 )     81  
                                                       
 
As the buyer of protection, the Funds pays periodic fees in return for payment by the seller which is contingent upon an adverse credit event occurring in the underlying issuer or reference entity.
 
At March 31, 2010, liquid assets totaling $282, in thousands, have been designated as collateral for open swap agreements.
 
The value column indicates the impact each respective swap agreement has on the Fund’s Net Assets at March 31, 2010.
 
The notional amount of Credit Default Swap contracts totaled $22,265, in thousands, as of March 31, 2010. The monthly average notional amount for Credit Default Swap contracts totaled $9,088, in thousands, for the year ended March 31, 2010.
 
See Notes to Financial Statements.


124


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix Global Strategy Fund — continued
 
Forward Foreign Currency Contracts
 
At March 31, 2010, the Fund’s forward foreign currency contracts were as follows:
 
                                         
        Contract
           
        Amount
  Contract
      Unrealized
    Delivery
  in Local
  Value in
  Market
  Appreciation/
Currency
  Date   Currency   USD($)   Value($)   (Depreciation)($)
 
Short:
                                       
Colombian Peso
    04/08/10       390,628       196       203       (7 )
Czech Republic Koruna
    05/24/10       5,158       277       274       3  
Euro
    05/17/10       527       718       712       6  
Euro
    05/17/10       215       295       291       4  
Euro
    05/17/10       208       285       281       4  
Euro
    05/17/10       4,061       5,526       5,484       42  
Hungarian Forint
    05/05/10       74,745       382       379       3  
Japanese Yen
    06/07/10       50,267       569       538       31  
                                         
Total Short Contracts
                  $ 8,248     $ 8,162     $ 86  
                                         
Long:
                                       
Colombian Peso
    04/08/10       390,628       203       203        
                                         
Total Long Contracts
                  $ 203     $ 203     $  
                                         
 
The total amount of USD forward foreign currency contracts outstanding was $8,045, in thousands, as of March 31, 2010. The monthly average of USD forward foreign currency contract trading activity was $4,626, in thousands, for the year ended March 31, 2010.
 
See Notes to Financial Statements.


125


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix High Yield Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Bank Loans (0.8%)
Auto Manufacturers (0.2%)
Ford Motor Co., 3.259%, 12/15/13(a)(b)
    3,312       3,201  
                 
Diversified Financial Services (0.5%)
East Valley Tourist Development Authority, 12.000%, 08/06/12(b)(c)(d)(e)
    11,681       9,929  
                 
Telecommunications Services (0.1%)
Level 3 Communications, Inc., 11.500%, 03/13/14(a)(b)
    1,000       1,090  
                 
Total Bank Loans
            14,220  
                 
Corporate Bonds (93.6%)
Advertising (0.4%)
Affinion Group, Inc., 10.125%, 10/15/13, Callable 10/15/10 @ 102.53
    1,900       1,947  
Affinion Group, Inc., 10.125%, 10/15/13, Callable 10/15/10 @ 102.53
    1,510       1,548  
Interpublic Group Cos., Inc., 10.000%, 07/15/17, Callable 07/15/13 @ 105
    3,265       3,694  
                 
              7,189  
                 
Aerospace/Defense (0.3%)
Spirit AeroSystems Holdings, Inc., 7.500%, 10/01/17, Callable 10/01/13 @ 103.75(a)
    1,850       1,896  
Triumph Group, Inc., 8.000%, 11/15/17, Callable 11/15/13 @ 104
    2,770       2,770  
                 
              4,666  
                 
Airlines (1.0%)
Delta Air Lines, Inc., 9.500%, 09/15/14, Callable 09/15/11 @ 107.12(a)
    8,835       9,288  
Delta Air Lines, Inc., 12.250%, 03/15/15, Callable 03/15/12 @ 108.81(a)
    8,110       8,647  
                 
              17,935  
                 
Auto Parts & Equipment (1.5%)
Affinia Group, Inc., 10.750%, 08/15/16, Callable 08/15/12 @ 108.06(a)
    2,060       2,245  
American Axle & Manufacturing, Inc., 9.250%, 01/15/17, Callable 01/15/14 @ 104.63(a)
    5,495       5,866  
Goodyear Tire & Rubber Co. (The), 10.500%, 05/15/16, Callable 05/15/12 @ 107.88
    5,625       6,075  
Lear Corp., 7.875%, 03/15/18, Callable 03/15/14 @ 103.94
    1,280       1,294  
Lear Corp., 8.125%, 03/15/20, Callable 03/15/15 @ 104.06
    1,280       1,301  
Navistar International Corp., 8.250%, 11/01/21, Callable 11/01/14 @ 104.13
    4,350       4,437  
TRW Automotive, Inc., 8.875%, 12/01/17, Callable 12/01/13 @ 104.44(a)
    5,790       6,000  
                 
              27,218  
                 
Building (0.2%)
KB Home, 9.100%, 09/15/17
    3,180       3,355  
                 
Building Materials (0.5%)
Texas Industries, Inc., 7.250%, 07/15/13, Callable 07/15/10 @ 101.81
    3,040       2,987  
USG Corp., 9.750%, 08/01/14(a)
    3,660       3,880  
USG Corp., 9.500%, 01/15/18(f)
    1,715       1,734  
                 
              8,601  
                 
Chemicals (1.2%)
Compass Minerals International, Inc., 8.000%, 06/01/19, Callable 06/01/14 @ 104(a)
    3,065       3,188  
Georgia Gulf Corp., 9.000%, 01/15/17, Callable 01/15/14 @ 104.50(a)(g)
    4,210       4,405  
 
See Notes to Financial Statements.


126


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix High Yield Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Chemicals—continued
                 
Huntsman International LLC, 5.500%, 06/30/16(a)
    2,505       2,273  
Nova Chemicals Corp., 8.625%, 11/01/19, Callable 11/01/14 @ 104.31(a)
    2,845       2,930  
Reichhold Industries, Inc., 9.000%, 08/15/14, Callable 08/15/10 @ 104.50(c)
    2,220       2,103  
Solutia, Inc., 8.750%, 11/01/17, Callable 11/01/13 @ 104.38
    2,660       2,806  
Solutia, Inc., 7.875%, 03/15/20, Callable 03/15/15 @ 103.94
    3,025       3,063  
                 
              20,768  
                 
Coal (1.1%)
Arch Coal, Inc., 8.750%, 08/01/16, Callable 08/01/13 @ 104.38(a)
    3,225       3,411  
CONSOL Energy, Inc., 8.000%, 04/01/17, Callable 04/01/14 @ 104^(a)
    7,105       7,300  
CONSOL Energy, Inc., 8.250%, 04/01/20, Callable 04/01/15 @ 104.13^(a)
    5,955       6,119  
International Coal Group, Inc., 9.125%, 04/01/18, Callable 04/01/14 @ 104.56
    2,065       2,096  
                 
              18,926  
                 
Commercial Services (4.8%)
Avis Budget Car Rental LLC, 9.625%, 03/15/18, Callable 03/15/14 @ 104.81(a)
    4,155       4,342  
Cenveo Corp., 8.875%, 02/01/18, Callable 02/01/14 @ 104.44(a)
    3,095       3,130  
DI Finance/DynCorp International, Ser B, 9.500%, 02/15/13, Callable 04/30/10 @ 102.38
    663       671  
Equinix, Inc., 8.125%, 03/01/18, Callable 03/01/14 @ 104.06
    2,560       2,650  
Geokinetics Holdings, Inc., 9.750%, 12/15/14, Callable 12/15/11 @ 104.88(a)
    6,145       5,761  
Hertz Corp., 8.875%, 01/01/14, Callable 04/30/10 @ 104.44
    29,865       30,686  
Iron Mountain, Inc., 7.750%, 01/15/15, Callable 04/30/10 @ 101.29
    1,535       1,548  
Local Insight Regatta Holdings, Inc., 11.000%, 12/01/17, Callable 12/01/12 @ 105.50(c)
    1,650       1,184  
National Money Mart Co., 10.375%, 12/15/16, Callable 12/15/13 @ 105.19(a)
    2,625       2,786  
Norcraft Cos. LP/Finance Corp., 10.500%, 12/15/15, Callable 12/15/12 @ 105.25(a)
    557       588  
Reader’s Digest Association, Inc. (The), 9.500%, 02/15/17, Callable 02/15/13 @ 104(a)(b)(g)
    9,650       9,843  
RSC Equipment Rental, Inc., 10.000%, 07/15/17, Callable 07/15/13 @ 105(a)
    2,895       3,069  
Ticketmaster Entertainment, Inc., 10.750%, 08/01/16, Callable 08/01/12 @ 105.38
    380       424  
United Rentals NA, Inc., 9.250%, 12/15/19, Callable 12/15/14 @ 104.63
    17,325       17,671  
                 
              84,353  
                 
Computers (0.0%)
Seagate Technology International Co. Ltd., 10.000%, 05/01/14, Callable 05/01/13 @ 105(a)
    550       623  
                 
Consumer Staples (1.5%)
Dean Foods Co., 7.000%, 06/01/16
    5,830       5,713  
 
See Notes to Financial Statements.

127


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix High Yield Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Consumer Staples—continued
                 
Jarden Corp., 7.500%, 01/15/20, Callable 01/15/15 @ 103.75
    4,450       4,495  
Revlon Consumer Products Corp., 9.750%, 11/15/15, Callable 11/15/12 @ 104.88(a)
    4,005       4,135  
Stater Brothers Holdings, Inc., 7.750%, 04/15/15, Callable 04/15/11 @ 103.88
    6,290       6,353  
SUPERVALU, Inc., 8.000%, 05/01/16
    6,115       6,191  
                 
              26,887  
                 
Diversified Financial Services (16.9%)
American General Finance Corp., Ser H, MTN, 5.375%, 10/01/12
    7,923       7,454  
American General Finance Corp., Ser H, MTN, 5.750%, 09/15/16
    2,925       2,507  
American General Finance Corp., Ser I, MTN, 5.400%, 12/01/15
    6,925       5,970  
American General Finance Corp., Ser J, MTN, 6.900%, 12/15/17
    26,625       23,321  
Bank of America Corp., Ser K, 8.000%(f)
    15,830       16,152  
Cemex Finance LLC, 9.500%, 12/14/16, Callable 12/14/13 @ 104.75(a)
    3,800       3,933  
CIT Group, Inc., 7.000%, 05/01/13, Callable 05/07/10 @ 103.50(g)
    5,995       5,830  
CIT Group, Inc., 7.000%, 05/01/14, Callable 05/07/10 @ 103.50(g)
    4,460       4,215  
CIT Group, Inc., 7.000%, 05/01/15, Callable 05/07/10 @ 103.50
    15,850       14,780  
CIT Group, Inc., 7.000%, 05/01/16, Callable 05/07/10 @ 103.50
    18,710       17,260  
CIT Group, Inc., 7.000%, 05/01/17, Callable 05/07/10 @ 103.50
    9,660       8,911  
Citigroup Capital XXI, 8.300%, 12/21/57, Callable 12/21/37 @ 100(b)
    9,980       10,105  
CNG Holdings, Inc., 12.250%, 02/15/15, Callable 02/15/13 @ 106.12(a)
    2,212       2,143  
Firekeepers Development Authority, 13.875%, 05/01/15, Callable 05/01/12 @ 110.50(a)
    7,355       8,513  
Ford Motor Credit Co. LLC, 7.800%, 06/01/12
    2,700       2,800  
Ford Motor Credit Co. LLC, 7.500%, 08/01/12
    3,100       3,210  
Ford Motor Credit Co. LLC, 7.000%, 10/01/13
    1,665       1,723  
Ford Motor Credit Co. LLC, 8.700%, 10/01/14(i)
    19,000       20,602  
Ford Motor Credit Co. LLC, 8.125%, 01/15/20
    3,500       3,671  
GMAC, Inc., 8.300%, 02/12/15(a)
    3,100       3,255  
GMAC, Inc., 8.000%, 03/15/20(a)
    4,770       4,889  
GMAC, Inc., 8.000%, 11/01/31(i)
    33,835       32,312  
GMAC, Inc., Ser 8, 6.750%, 12/01/14
    9,010       8,965  
Icahn Enterprises LP, 8.000%, 01/15/18, Callable 01/15/14 @ 104(a)(g)
    15,155       14,606  
ILFC E-Capital Trust II, 6.250%, 12/21/65, Callable 12/21/15 @ 100(a)(b)
    2,390       1,840  
International Lease Finance Corp., 8.625%, 09/15/15^(a)
    5,765       5,893  
International Lease Finance Corp., 8.750%, 03/15/17^(a)
    5,585       5,714  
LBI Escrow Corp., 8.000%, 11/01/17, Callable 05/01/13 @ 106^(a)
    9,100       9,441  
New Communications Holdings, Inc., 7.875%, 04/15/15^(a)
    4,070       4,182  
 
See Notes to Financial Statements.

128


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix High Yield Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Diversified Financial Services—continued
                 
New Communications Holdings, Inc., 8.250%, 04/15/17^(a)
    6,615       6,731  
New Communications Holdings, Inc., 8.500%, 04/15/20^(a)
    8,150       8,211  
Provident Funding Association LP, 10.250%, 04/15/17, Callable 04/15/14 @ 105.13^(a)
    7,500       7,556  
SLM Corp., MTN, 5.125%, 08/27/12
    2,870       2,852  
SunGard Data Systems, Inc., 9.125%, 08/15/13, Callable 08/15/10 @ 102.28
    9,350       9,584  
UPC Germany GmbH, 8.125%, 12/01/17, Callable 12/01/12 @ 108.12(a)
    7,955       8,204  
                 
              297,335  
                 
Diversified Minerals (0.8%)
CII Carbon LLC, 11.125%, 11/15/15, Callable 11/15/11 @ 105.56(a)
    4,525       4,570  
FMG Finance Property Ltd., 10.000%, 09/01/13(a)
    5,125       5,516  
FMG Finance Property Ltd., 10.625%, 09/01/16(a)
    3,015       3,475  
Teck Cominco Ltd., 6.125%, 10/01/35
    920       839  
                 
              14,400  
                 
Diversified Operations (2.3%)
Amsted Industries, Inc., 8.125%, 03/15/18, Callable 03/15/14 @ 104.06(a)
    7,435       7,435  
Koppers, Inc., 7.875%, 12/01/19, Callable 12/01/14 @ 103.94(a)
    857       883  
Leucadia National Corp., 8.125%, 09/15/15
    10,000       10,363  
Leucadia National Corp., 7.125%, 03/15/17, Callable 03/15/12 @ 103.56
    9,075       8,984  
McJunkin Red Man Corp., 9.500%, 12/15/16, Callable 12/15/12 @ 107.12(a)
    12,390       12,653  
                 
              40,318  
                 
Electric (5.2%)
AES Corp. (The), 8.750%, 05/15/13, Callable 05/15/10 @ 101.46(a)
    1       1  
AES Corp. (The), 7.750%, 03/01/14
    2,810       2,873  
AES Corp. (The), 7.750%, 10/15/15
    485       494  
AES Corp. (The), 9.750%, 04/15/16(a)
    2,750       2,977  
AES Corp. (The), 8.000%, 10/15/17
    5,955       6,044  
AES Ironwood LLC, 8.857%, 11/30/25
    3,465       3,396  
Baldor Electric Co., 8.625%, 02/15/17, Callable 02/15/12 @ 104.31
    215       227  
Calpine Construction Finance Co., 8.000%, 06/01/16, Callable 06/01/13 @ 104(a)
    885       905  
Calpine Corp., 7.250%, 10/15/17, Callable 10/15/13 @ 103.63(a)
    4,895       4,809  
Edison Mission Energy, 7.500%, 06/15/13(g)
    6,087       5,281  
Edison Mission Energy, 7.000%, 05/15/17
    4,335       3,024  
Edison Mission Energy, 7.200%, 05/15/19
    8,130       5,610  
Elwood Energy LLC, 8.159%, 07/05/26
    2,614       2,473  
Energy Future Holdings Corp., 10.000%, 01/15/20, Callable 01/15/15 @ 105(a)(g)
    5,515       5,749  
Inergy LP/Inergy Finance Corp., 8.750%, 03/01/15, Callable 03/01/13 @ 104.38
    2,580       2,699  
Mirant Mid-Atlantic LLC, Ser B, 9.125%, 06/30/17
    4,204       4,467  
Mirant Mid-Atlantic LLC, Ser C, 10.060%, 12/30/28
    2,436       2,619  
 
See Notes to Financial Statements.

129


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix High Yield Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Electric—continued
                 
NRG Energy, Inc., 7.250%, 02/01/14, Callable 04/30/10 @ 103.63
    45       45  
NRG Energy, Inc., 7.375%, 02/01/16, Callable 02/01/11 @ 103.69(i)
    9,759       9,686  
NRG Energy, Inc., 8.500%, 06/15/19, Callable 06/15/14 @ 104.25
    11,700       11,846  
Orion Power Holdings, Inc., 12.000%, 05/01/10
    1,900       1,907  
RRI Energy, Inc., 6.750%, 12/15/14, Callable 12/15/10 @ 102.25(g)
    4,982       4,970  
Sithe/Independence Funding, Ser A, 9.000%, 12/30/13
    5,060       5,227  
United Maritime Group LLC/ Finance Corp., 11.750%, 06/15/15, Callable 12/15/12 @ 105.88(a)
    3,615       3,705  
                 
              91,034  
                 
Electronics (0.3%)
Jabil Circuit, Inc., 8.250%, 03/15/18
    3,460       3,737  
Viasystems Group, Inc., 12.000%, 01/15/15, Callable 07/15/12 @ 106(a)
    1,455       1,575  
                 
              5,312  
                 
Entertainment (1.2%)
Penn National Gaming, Inc., 6.750%, 03/01/15, Callable 04/30/10 @ 103.38
    1,375       1,353  
Penn National Gaming, Inc., 8.750%, 08/15/19, Callable 08/15/14 @ 104.38(a)
    3,000       3,045  
Scientific Games Corp., 7.875%, 06/15/16, Callable 06/15/12 @ 103.94(a)
    2,035       2,060  
Scientific Games International, Inc., 9.250%, 06/15/19, Callable 06/15/14 @ 104.63
    5,130       5,425  
Speedway Motorsports, Inc., 8.750%, 06/01/16, Callable 06/01/13 @ 104.38
    4,895       5,213  
WMG Holdings Corp., 9.500%, 12/15/14, Callable 04/30/10 @ 104.75(f)(g)
    3,930       3,960  
                 
              21,056  
                 
Environmental Control (0.0%)
Casella Waste Systems, Inc., 11.000%, 07/15/14, Callable 07/15/12 @ 105.50(a)
    260       279  
                 
Forest Products & Paper (1.0%)
Boise Paper Holdings LLC/Finance Co., 9.000%, 11/01/17, Callable 11/01/13 @ 104.50(a)
    3,200       3,360  
NewPage Corp., 11.375%, 12/31/14, Callable 03/31/12 @ 105(g)
    11,520       11,462  
Verso Paper Holdings LLC, 11.500%, 07/01/14, Callable 01/01/12 @ 105(a)(g)
    3,000       3,240  
                 
              18,062  
                 
Health Care (4.9%)
Apria Healthcare Group, Inc., Ser A1, 11.250%, 11/01/14, Callable 11/01/11 @ 105.62(a)
    5,925       6,443  
Axcan Intermediate Holdings, Inc., 9.250%, 03/01/15, Callable 03/01/11 @ 106.94
    2,760       2,981  
Biomet, Inc., 10.000%, 10/15/17, Callable 10/15/12 @ 105
    6,480       7,144  
Community Health Systems, Inc., 8.875%, 07/15/15, Callable 07/15/11 @ 104.44(i)
    17,005       17,600  
Elan Financial PLC/Elan Financial Corp., 8.875%, 12/01/13, Callable 12/01/10 @ 104.44
    1,445       1,488  
 
See Notes to Financial Statements.

130


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix High Yield Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Health Care—continued
                 
Elan Financial PLC/Elan Financial Corp., 8.750%, 10/15/16, Callable 10/15/12 @ 108.75(a)
    3,700       3,663  
HCA, Inc., 9.125%, 11/15/14, Callable 11/15/10 @ 104.56
    8,278       8,744  
HCA, Inc., 9.250%, 11/15/16, Callable 11/15/11 @ 104.63
    3,600       3,827  
HCA, Inc., 9.875%, 02/15/17, Callable 02/15/13 @ 104.94(a)
    2,605       2,840  
HCA, Inc., 7.250%, 09/15/20, Callable 03/15/15 @ 103.63(a)
    7,740       7,846  
Inverness Medical Innovations, Inc., 7.875%, 02/01/16, Callable 02/01/13 @ 103.94
    4,675       4,576  
Omnicare, Inc., 6.125%, 06/01/13, Callable 06/01/10 @ 101.02
    855       853  
Tenet Healthcare Corp., 8.875%, 07/01/19, Callable 07/01/14 @ 104.44(a)
    5,225       5,656  
U.S. Oncology, Inc., 9.125%, 08/15/17, Callable 08/15/13 @ 104.56
    3,420       3,574  
Universal Hospital Services, Inc., PIK, 8.500%, 06/01/15, Callable 06/01/11 @ 104.25
    8,615       8,572  
                 
              85,807  
                 
Household Products/Wares (0.3%)
ACCO Brands Corp., 10.625%, 03/15/15, Callable 09/15/12 @ 105.31(a)
    4,610       5,036  
                 
Industrials (0.2%)
Mohawk Industries, Inc., 6.875%, 01/15/16(f)(g)
    3,605       3,722  
                 
Information Technology (0.5%)
Zayo Group LLC, 10.250%, 03/15/17, Callable 03/15/13 @ 105.13(a)
    9,185       9,277  
                 
Insurance (2.5%)
American General Institutional Capital, Ser B, 8.125%, 03/15/46(a)
    2,750       2,568  
American International Group, Inc., 8.175%, 05/15/58, Callable 05/15/38 @ 100(b)
    5,500       4,647  
Crum & Forster Holdings Corp., 7.750%, 05/01/17, Callable 05/01/12 @ 103.88
    5,325       5,272  
Fairfax Financial Holdings, 7.750%, 06/15/17, Callable 06/15/12 @ 103.88
    3,075       3,183  
Fairfax Financial Holdings, 7.375%, 04/15/18
    274       281  
Genworth Financial, Inc., 6.150%, 11/15/66, Callable 11/15/16 @ 100(b)
    2,310       1,779  
Hartford Financial Services Group, Inc., 8.125%, 06/15/38, Callable 06/15/18 @ 100(b)
    5,177       5,384  
ING Capital Funding Trust III, 8.439%(h)
    4,815       4,550  
ING Groep NV, 5.775%(h)
    4,830       4,113  
Liberty Mutual Group, 7.800%, 03/15/37(a)
    2,900       2,566  
Liberty Mutual Group, 10.750%, 06/15/58, Callable 06/15/38 @ 100(a)(b)
    2,740       3,069  
Liberty Mutual Group, Ser B, 7.000%, 03/15/37, Callable 03/15/17 @ 100(a)(b)
    2,730       2,327  
Lincoln National Corp., 7.000%, 05/17/66, Callable 05/17/16 @ 100(b)
    2,560       2,330  
Lincoln National Corp., 6.050%, 04/20/67, Callable 04/20/17 @ 100(b)
    2,155       1,794  
                 
              43,863  
                 
                 
 
See Notes to Financial Statements.

131


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix High Yield Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Lodging (1.9%)
Ameristar Casinos, Inc., 9.250%, 06/01/14, Callable 12/01/11 @ 104.63
    6,405       6,709  
Harrah’s Operating Co., Inc., 11.250%, 06/01/17, Callable 06/01/13 @ 105.62
    4,385       4,725  
MGM Mirage, Inc., 10.375%, 05/15/14(a)(g)
    6,560       7,232  
MGM Mirage, Inc., 9.000%, 03/15/20, Callable 03/15/14 @ 104.50(a)
    3,975       4,094  
MTR Gaming Group, Inc., 12.625%, 07/15/14, Callable 07/15/11 @ 106.31(a)
    2,280       2,212  
Wynn Las Vegas LLC, 6.625%, 12/01/14, Callable 12/01/10 @ 102.21(g)
    4,330       4,319  
Wynn Las Vegas LLC, 7.875%, 11/01/17, Callable 11/01/13 @ 103.94(a)
    3,300       3,358  
                 
              32,649  
                 
Machinery Diversified (1.1%)
Altra Holdings, Inc., 8.125%, 12/01/16, Callable 12/01/12 @ 106.09(a)
    2,220       2,256  
Case New Holland, Inc., 7.750%, 09/01/13(a)
    1,100       1,141  
Chart Industries, Inc., 9.125%, 10/15/15, Callable 10/15/10 @ 104.56
    1,700       1,700  
CPM Holdings, Inc., 10.625%, 09/01/14, Callable 09/01/12 @ 105.31(a)
    1,900       2,024  
Manitowoc Co., Inc. (The), 9.500%, 02/15/18, Callable 02/15/14 @ 104.75
    5,415       5,645  
Terex Corp., 10.875%, 06/01/16, Callable 06/01/13 @ 105.44
    5,705       6,318  
Terex Corp., 8.000%, 11/15/17, Callable 11/15/12 @ 104
    220       214  
                 
              19,298  
                 
Materials (0.7%)
Steel Dynamics, Inc., 7.750%, 04/15/16, Callable 04/15/12 @ 103.88(b)
    5,985       6,254  
Steel Dynamics, Inc., 7.625%, 03/15/20, Callable 03/15/15 @ 103.81(a)
    5,625       5,766  
                 
              12,020  
                 
Media (4.7%)
Block Communications, Inc., 8.250%, 12/15/15, Callable 12/15/10 @ 104.13(a)
    975       975  
Clear Channel Worldwide Holdings, Inc., Ser A, 9.250%, 12/15/17, Callable 12/15/12 @ 106.94(a)
    2,200       2,285  
Clear Channel Worldwide Holdings, Inc., Ser B, 9.250%, 12/15/17, Callable 12/15/12 @ 106.94(a)
    11,250       11,756  
DISH DBS Corp., 7.875%, 09/01/19
    6,715       6,984  
EchoStar DBS Corp., 6.375%, 10/01/11
    441       459  
EchoStar DBS Corp., 7.750%, 05/31/15
    3,430       3,584  
EchoStar DBS Corp., 7.125%, 02/01/16
    1,885       1,920  
Kabel Deutschland GmbH, 10.625%, 07/01/14, Callable 07/01/10 @ 103.54
    7,865       8,248  
Media General, Inc., 11.750%, 02/15/17, Callable 02/15/14 @ 105.88(a)
    6,000       5,933  
Mediacom Broadband LLC, 8.500%, 10/15/15, Callable 10/15/10 @ 104.25
    1,300       1,329  
 
See Notes to Financial Statements.

132


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix High Yield Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Media—continued
                 
Mediacom LLC/Capital Corp., 9.125%, 08/15/19, Callable 08/15/14 @ 104.56(a)
    11,345       11,700  
Quebecor Media, Inc., 7.750%, 03/15/16, Callable 03/15/11 @ 103.88
    3,095       3,134  
Quebecor Media, Inc., 7.750%, 03/15/16, Callable 03/15/11 @ 103.88
    705       714  
Salem Communications Corp., 9.625%, 12/15/16, Callable 12/15/13 @ 104.81(a)
    6,735       7,038  
Sinclair Television Group, Inc., 9.250%, 11/01/17, Callable 11/01/13 @ 104.63(a)
    7,490       7,883  
Sirius XM Radio, Inc., 9.750%, 09/01/15, Callable 09/01/12 @ 104.88(a)
    3,130       3,380  
Sun Media Corp., 7.625%, 02/15/13, Calllable 2/15/11 @ 100
    473       464  
Univision Communications, Inc., 12.000%, 07/01/14, Callable 07/01/11 @ 106(a)
    1,870       2,048  
UPC Holding BV, 9.875%, 04/15/18, Callable 04/15/14 @ 104.94(a)
    3,600       3,780  
                 
              83,614  
                 
Miscellaneous Manufacturer (0.5%)
Bombardier, Inc., 6.300%, 05/01/14(a)(g)
    800       830  
Bombardier, Inc., 8.000%, 11/15/14, Callable 11/15/10 @ 104(a)
    1,525       1,597  
Bombardier, Inc., 7.500%, 03/15/18(a)
    2,190       2,283  
Bombardier, Inc., 7.750%, 03/15/20(a)
    3,265       3,412  
                 
              8,122  
                 
Oil & Gas (9.9%)
Antero Resources Finance Corp., 9.375%, 12/01/17, Callable 12/01/13 @ 104.69(a)(g)
    10,660       10,980  
Aquilex Holdings LLC/Aquilex Finance, 11.125%, 12/15/16, Callable 12/15/13 @ 105.56(a)
    3,425       3,682  
Atlas Energy Operating Co., 10.750%, 02/01/18, Callable 02/01/13 @ 105.68
    5,000       5,500  
Atlas Pipeline Partners LP, 8.750%, 06/15/18, Callable 06/15/13 @ 104.38
    3,335       3,218  
Bill Barrett Corp., 9.875%, 07/15/16, Callable 07/15/13 @ 104.94
    5,465       5,889  
Chesapeake Energy Corp., 7.625%, 07/15/13
    3,105       3,237  
Chesapeake Energy Corp., 7.500%, 06/15/14, Callable 06/15/10 @ 102.50(g)
    1,900       1,929  
Chesapeake Energy Corp., 9.500%, 02/15/15
    3,090       3,360  
Chesapeake Energy Corp., 6.375%, 06/15/15, Callable 12/15/10 @ 102.125
    2,760       2,712  
Chesapeake Energy Corp., 6.500%, 08/15/17
    1,295       1,253  
Chesapeake Energy Corp., 7.250%, 12/15/18
    8,605       8,605  
Chesapeake Energy Corp., 6.875%, 11/15/20
    1,530       1,488  
Cie Generale De Geophysique, 7.500%, 05/15/15, Callable 05/15/10 @ 103.75
    4,755       4,767  
Cie Generale De Geophysique, 9.500%, 05/15/16, Callable 05/15/13 @ 104.75
    5,145       5,505  
Cie Generale De Geophysique, 7.750%, 05/15/17, Callable 05/15/12 @ 103.88
    415       415  
 
See Notes to Financial Statements.

133


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix High Yield Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Oil & Gas—continued
                 
Coffeyville Resources LLC, 9.000%, 04/01/15, Callable 04/01/12 @ 106.75^(a)
    4,855       4,940  
Coffeyville Resources LLC, 10.875%, 04/01/17, Callable 04/01/13 @ 108.16^(a)
    3,015       2,992  
Continental Resources, Inc., 8.250%, 10/01/19, Callable 10/01/14 @ 104.13
    830       880  
Encore Acquisition Co., 9.500%, 05/01/16, Callable 05/01/13 @ 104.75
    3,430       3,709  
Frontier Oil Corp., 8.500%, 09/15/16, Callable 09/15/12 @ 104.25
    595       610  
Linn Energy LLC, 9.875%, 07/01/18, Callable 07/01/13 @ 104.94
    4,285       4,585  
Linn Energy LLC/Finance Corp., 8.625%, 04/15/20, Callable 04/15/15 @ 104.31^(a)
    8,475       8,486  
Mariner Energy, Inc., 8.000%, 05/15/17, Callable 05/15/12 @ 104
    1,755       1,724  
Niska Gas Storage Partners LLC, 8.875%, 03/15/18, Callable 03/15/14 @ 104.44(a)
    9,745       9,964  
OPTI Canada, Inc., 9.000%, 12/15/12, Callable 12/15/10 @ 102(a)(g)
    9,505       9,790  
Penn Virginia Corp., 10.375%, 06/15/16, Callable 06/15/13 @ 105.19
    2,665       2,892  
Petrohawk Energy Corp., 9.125%, 07/15/13, Callable 07/15/10 @ 104.56
    2,685       2,802  
Petrohawk Energy Corp., 7.875%, 06/01/15, Callable 06/01/12 @ 103.94
    5,395       5,496  
Pioneer Drilling Co., 9.875%, 03/15/18, Callable 03/15/14 @ 104.94(a)
    4,470       4,425  
Pioneer Natural Resources Co., 6.650%, 03/15/17
    1,290       1,290  
Plains Exploration & Production Co., 7.625%, 06/01/18, Callable 06/01/13 @ 103.81
    2,510       2,535  
Plains Exploration & Production Co., 8.625%, 10/15/19, Callable 10/15/14 @ 104.31
    2,095       2,221  
Range Resources Corp., 7.500%, 05/15/16, Callable 05/15/11 @ 103.75
    1,390       1,432  
Range Resources Corp., 7.250%, 05/01/18, Callable 05/01/13 @ 103.63
    2,130       2,186  
RDS Ultra-Deepwater Ltd., 11.875%, 03/15/17, Callable 03/15/14 @ 105.94(a)
    3,895       3,992  
Sabine Pass LNG LP, 7.250%, 11/30/13
    1,845       1,734  
Sabine Pass LNG LP, 7.500%, 11/30/16
    2,785       2,458  
SandRidge Energy, Inc., 8.625%, 04/01/15, Callable 04/01/11 @ 104.31
    70       68  
SandRidge Energy, Inc., 8.000%, 06/01/18, Callable 06/01/13 @ 104(a)
    6,335       6,018  
SandRidge Energy, Inc., 8.750%, 01/15/20, Callable 01/15/15 @ 104.38(a)
    8,825       8,604  
Tesoro Corp., 6.625%, 11/01/15, Callable 11/01/10 @ 103.31
    2,560       2,451  
Tesoro Corp., 9.750%, 06/01/19, Callable 06/01/14 @ 104.88
    2,595       2,712  
 
See Notes to Financial Statements.

134


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix High Yield Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Oil & Gas—continued
                 
Western Refining, Inc., 10.750%, 06/15/14, Callable 12/15/11 @ 105(a)(b)
    2,410       2,169  
Western Refining, Inc., 11.250%, 06/15/17, Callable 06/15/13 @ 105.62(a)
    9,365       8,428  
                 
              174,133  
                 
Packaging & Containers (0.4%)
Graphic Packaging International, Inc., 9.500%, 06/15/17, Callable 06/15/13 @ 104.75
    2,175       2,322  
Plastipak Holdings, Inc., 10.625%, 08/15/19, Callable 08/15/14 @ 105.31(a)(g)
    2,010       2,236  
Rock-Tenn Co., 9.250%, 03/15/16, Callable 03/15/12 @ 104.63
    1,720       1,875  
Rock-Tenn Co., 9.250%, 03/15/16, Callable 03/15/12 @ 104.63(a)
    1,185       1,291  
                 
              7,724  
                 
Pharmaceuticals (0.9%)
BioScrip, Inc., 10.250%, 10/01/15, Callable 04/01/13 @ 105.13(a)
    2,200       2,239  
PharmaNet Development Group, Inc., 10.875%, 04/15/17, Callable 04/15/14 @ 105.44^(a)
    6,780       6,856  
Rite Aid Corp., 7.500%, 03/01/17, Callable 03/01/12 @ 103.75
    3,615       3,353  
Valeant Pharmaceuticals International, 8.375%, 06/15/16, Callable 06/15/12 @ 104.19(a)
    2,510       2,623  
                 
              15,071  
                 
Pipelines (4.3%)
Copano Energy LLC, 8.125%, 03/01/16, Callable 03/01/11 @ 104.06
    2,085       2,114  
Copano Energy LLC, 7.750%, 06/01/18, Callable 06/01/13 @ 103.88
    1,450       1,446  
Dynegy Holdings, Inc., 7.500%, 06/01/15(g)
    10,030       8,325  
Dynegy Holdings, Inc., 7.750%, 06/01/19(i)
    19,120       14,436  
El Paso Corp., 7.000%, 06/15/17
    1,540       1,572  
El Paso Corp., 7.250%, 06/01/18
    3,125       3,225  
El Paso Corp., MTN, 8.250%, 02/15/16
    7,215       7,702  
El Paso Corp., Ser G, MTN, 8.050%, 10/15/30
    1,215       1,213  
El Paso Corp., Ser G, MTN, 7.800%, 08/01/31
    1,575       1,548  
El Paso Corp., Ser G, MTN, 7.750%, 01/15/32
    12,340       12,125  
Kinder Morgan Finance, 5.700%, 01/05/16
    1,690       1,656  
Knight, Inc., 6.500%, 09/01/12
    125       131  
MarkWest Energy Partners LP, Ser B, 8.750%, 04/15/18, Callable 04/15/13 @ 104.38
    10,690       10,971  
Regency Energy Partners LP, 9.375%, 06/01/16, Callable 06/01/13 @ 104.69(a)(g)
    3,290       3,487  
Targa Resources Partners LP, 8.250%, 07/01/16, Callable 07/01/12 @ 104.13
    4,790       4,898  
Transcontinental Gas Pipeline Corp., Ser B, 8.875%, 07/15/12
    325       371  
                 
              75,220  
                 
Real Estate Investment Trusts (1.2%)
DuPont Fabros Technology LP, 8.500%, 12/15/17, Callable 12/15/13 @ 104.25(a)
    3,080       3,172  
FelCor Lodging LP, 10.000%, 10/01/14(g)
    2,530       2,606  
 
See Notes to Financial Statements.

135


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix High Yield Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Real Estate Investment Trusts—continued
                 
Host Hotels & Resorts LP, 9.000%, 05/15/17, Callable 05/15/13 @ 104.50(a)
    2,010       2,171  
Host Marriott LP, 7.125%, 11/01/13, Callable 11/01/10 @ 101.19
    1,950       1,984  
Host Marriott LP, 6.750%, 06/01/16, Callable 06/01/11 @ 103.33(g)
    4,395       4,406  
Reckson Operating Partnership LP, 7.750%, 03/15/20(a)
    6,005       6,107  
                 
              20,446  
                 
Retail (2.8%)
Ferrellgas Partners LP, 9.125%, 10/01/17, Callable 10/01/13 @ 104.56(a)
    2,095       2,195  
Macy’s Retail Holdings, Inc., 5.875%, 01/15/13(g)
    1,120       1,170  
Macy’s Retail Holdings, Inc., 5.750%, 07/15/14
    4,370       4,458  
Macy’s Retail Holdings, Inc., 8.875%, 07/15/15(f)
    7,000       7,910  
Macy’s Retail Holdings, Inc., 5.900%, 12/01/16
    7,080       7,062  
QVC, Inc., 7.500%, 10/01/19, Callable 10/01/14 @ 103.75(a)
    12,200       12,444  
Toys “R” Us Property Co. LLC, 10.750%, 07/15/17, Callable 07/15/13 @ 105.38(a)
    6,540       7,292  
Toys “R” Us Property Co. LLC, 8.500%, 12/01/17, Callable 12/01/13 @ 104.25(a)
    6,265       6,500  
                 
              49,031  
                 
Semiconductors (0.5%)
Advanced Micro Devices, Inc., 8.125%, 12/15/17, Callable 12/15/13 @ 104.06(a)
    2,450       2,524  
Amkor Technologies, Inc., 9.250%, 06/01/16, Callable 06/01/11 @ 104.63
    5,840       6,161  
                 
              8,685  
                 
Telecommunication Services (14.2%)
Cincinnati Bell, Inc., 8.250%, 10/15/17, Callable 10/15/13 @ 104.13
    5,250       5,316  
Clearwire Communication LLC/Finance, Inc., 12.000%, 12/01/15, Callable 12/01/12 @ 106(a)
    530       541  
Cricket Communications, Inc., 7.750%, 05/15/16, Callable 05/15/12 @ 105.81
    1,535       1,593  
DigitalGlobe, Inc., 10.500%, 05/01/14, Callable 05/01/12 @ 105.25(a)
    9,110       9,816  
Frontier Communications Corp., 8.250%, 05/01/14
    3,135       3,276  
GeoEye, Inc., 9.625%, 10/01/15, Callable 10/01/13 @ 104.81(a)
    9,000       9,202  
Global Crossing (UK) Finance PLC, 10.750%, 12/15/14, Callable 12/15/10 @ 103.58
    572       601  
Global Crossing Ltd., 12.000%, 09/15/15, Callable 09/15/12 @ 106(a)
    7,535       8,364  
Hughes Network Systems LLC/HNS Finance Corp., 9.500%, 04/15/14, Callable 04/15/10 @ 104.75
    2,875       2,925  
Inmarsat Finance PLC, 7.375%, 12/01/17, Callable 12/01/13 @ 103.69(a)
    5,780       6,011  
Intelsat Corp., 9.250%, 08/15/14, Callable 08/15/10 @ 103.13
    1,000       1,025  
Intelsat Jackson Holdings Ltd., 8.500%, 11/01/19, Callable 11/01/14 @ 104.25(a)
    6,030       6,331  
Intelsat Subsidiary Holding Co. Ltd., 8.500%, 01/15/13, Callable 04/30/10 @ 102.13
    5,355       5,435  
 
See Notes to Financial Statements.

136


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix High Yield Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Telecommunication Services—continued
                 
Intelsat Subsidiary Holding Co. Ltd., Ser B, 8.875%, 01/15/15, Callable 04/30/10 @ 104.44(a)
    1,500       1,541  
Level 3 Financing, Inc., 9.250%, 11/01/14, Callable 11/01/10 @ 104.63
    8,415       8,205  
Level 3 Financing, Inc., 10.000%, 02/01/18, Callable 02/01/14 @ 105(a)
    11,710       11,183  
MetroPCS Wireless, Inc., 9.250%, 11/01/14, Callable 11/01/10 @ 104.63
    1,985       2,020  
Nextel Communications, Inc., Ser D, 7.375%, 08/01/15, Callable 08/01/10 @ 100.92
    3,395       3,225  
Nextel Communications, Inc., Ser E, 6.875%, 10/31/13, Callable 10/31/10 @ 100.86
    11,855       11,559  
NII Capital Corp., 8.875%, 12/15/19, Callable 12/15/14 @ 104.44(a)
    6,860       7,100  
Paetec Holding Corp., 8.875%, 06/30/17, Callable 06/30/13 @ 104.44
    6,380       6,555  
Paetec Holding Corp., 8.875%, 06/30/17, Callable 06/30/13 @ 104.44(a)
    130       134  
Qwest Communications International, Inc., 8.000%, 10/01/15, Callable 10/01/12 @ 104(a)
    8,080       8,605  
Qwest Communications International, Inc., 7.125%, 04/01/18, Callable 04/01/13 @ 103.56(a)
    12,500       12,906  
Qwest Corp., 3.507%, 06/15/13(b)
    2,100       2,118  
Qwest Corp., 7.250%, 10/15/35, Callable 10/15/15 @ 101.94
    4,315       4,164  
Sable International Finance Ltd., 7.750%, 02/15/17, Callable 02/15/14 @ 103.88(a)
    2,975       3,094  
Sprint Capital Corp., 8.375%, 03/15/12
    4,095       4,259  
Sprint Capital Corp., 6.900%, 05/01/19
    3,240       2,965  
Sprint Capital Corp., 8.750%, 03/15/32
    6,685       6,200  
Sprint Nextel Corp., 6.000%, 12/01/16
    1,050       948  
Sprint Nextel Corp., 8.375%, 08/15/17
    6,500       6,532  
Telcordia Technologies, Inc., 4.001%, 07/15/12, Callable 07/15/10 @ 100(a)(b)
    3,200       3,088  
Valor Telecommunications Enterprise LLC, 7.750%, 02/15/15, Callable 04/30/10 @ 103.88
    2,580       2,638  
Viasat, Inc., 8.875%, 09/15/16, Callable 09/15/12 @ 106.66(a)
    11,415       11,672  
Virgin Media Finance PLC, 8.750%, 04/15/14, Callable 04/15/10 @ 102.92
    562       575  
Virgin Media Finance PLC, 9.125%, 08/15/16, Callable 08/15/11 @ 104.56
    6,050       6,428  
Virgin Media Finance PLC, 8.375%, 10/15/19, Callable 10/15/14 @ 104.19
    1,320       1,356  
Virgin Media Finance PLC, Ser 1, 9.500%, 08/15/16, Callable 08/15/13 @ 104.75(g)
    4,290       4,687  
Wind Acquisition Finance SA, 12.000%, 12/01/15, Callable 12/01/10 @ 105.38(a)
    9,550       10,314  
Wind Acquisition Finance SA, 11.750%, 07/15/17, Callable 07/15/13 @ 105.88(a)(i)
    15,150       16,741  
 
See Notes to Financial Statements.

137


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Seix High Yield Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Telecommunication Services—continued
                 
Wind Acquisition Finance SA, 12.250%, 07/15/17, Callable 07/15/13 @ 106.12(a)(g)
    22,430       22,206  
Windstream Corp., 7.875%, 11/01/17
    7,000       6,895  
                 
              250,349  
                 
Transportation (1.9%)
Bristow Group, Inc., 7.500%, 09/15/17, Callable 09/15/12 @ 103.75
    1,870       1,889  
General Maritime Corp., 12.000%, 11/15/17, Callable 11/15/13 @ 106(a)
    4,345       4,649  
Martin Midstream Partners LP/Finance Corp., 8.875%, 04/01/18, Callable 04/01/14 @ 104.44(a)
    4,380       4,424  
Overseas Shipholding Group, Inc., 8.125%, 03/30/18
    3,915       3,886  
RailAmerica, Inc., 9.250%, 07/01/17, Calllable 07/01/13 @ 104.63
    7,480       7,976  
Royal Caribbean Cruises Ltd., 8.750%, 02/02/11
    825       858  
Royal Caribbean Cruises Ltd., 7.000%, 06/15/13
    550       557  
Royal Caribbean Cruises Ltd., 6.875%, 12/01/13
    525       530  
Royal Caribbean Cruises Ltd., 11.875%, 07/15/15(f)
    3,900       4,592  
Teekay Corp., 8.500%, 01/15/20
    4,320       4,514  
                 
              33,875  
                 
Total Corporate Bonds
            1,646,259  
                 
Convertible Corporate Bonds (0.6%)
Diversified Financial Services (0.6%)
AmeriCredit Corp., 0.750%, 09/15/11
    6,265       6,281  
Jefferies Group, Inc., 3.875%, 11/01/29, Callable 11/01/17 @ 100
    4,500       4,472  
                 
Total Convertible Corporate Bonds
            10,753  
                 
Preferred Stock (0.2%)
Diversified Financial Services (0.2%)
Citigroup Capital XII, 8.500%, Callable 03/30/15 @ 25
    163,000       4,186  
                 
Total Preferred Stock
            4,186  
                 
Units (0.3%)
Commercial Services (0.1%)
Alion Science & Technology Corp.(j)
    2,080       2,106  
                 
Information Technology (0.2%)
Stratus Technologies, Inc.,^(b)(k)
    2,505       2,415  
                 
Total Units
            4,521  
                 
Short-Term Investment (6.0%)
RidgeWorth Funds Securities Lending Joint Account(l)(m)
    106,008       106,008  
                 
Total Short-Term Investment
            106,008  
                 
Money Market Fund (6.3%)
RidgeWorth Institutional Cash Management Money Market Fund(l)
    109,919,623       109,920  
                 
Total Money Market Fund
            109,920  
                 
Total Investments (Cost $1,789,421)(n) — 107.8%
    1,895,867  
Liabilities in excess of other assets — (7.8)%
            (137,464 )
                 
Net Assets — 100.0%
          $ 1,758,403  
                 
 
 
 ^ Denotes investment purchased on a when-issued or delayed-delivery basis.
 
(a) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 40.7% of net assets as of March 31, 2010.
 
(b) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(c) The Fund’s adviser/subadviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. The illiquid securities held by the Fund as of March 31, 2010 are identified below (in thousands):
 
                                         
Issue
  Acquisition
  Cost
  Principal
  Value
  Percentage of
Description   Date   ($)   ($)   ($)   Net Assets(%)
 
East Valley Tourist
                                       
Development Authority
    08/06/07       11,566       11,681       9,929       0.56  
Local Insight
                                       
Regatta Holdings, Inc.
    12/19/08       1,650       1,650       1,184       0.07  
Reichhold
                                       
Industries, Inc.
    08/10/06       2,195       2,220       2,103       0.12  
 
(d) Security in default.
 
(e) Issuer has filed for bankruptcy.
 
See Notes to Financial Statements.

138


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)

Seix High Yield Fund — concluded
 
(f) Step bond. The rate shown is the rate in effect as of March 31, 2010.
 
(g) This security or a partial position of the security was on loan as of March 31, 2010. The total value of securities on loan as of March 31, 2010, in thousands, was $101,324.
 
(h) Perpetual maturity.
 
(i) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(j) Each unit consists of $1,000 principal amount of 12.000% senior secured notes due on November 1, 2014 and one warrant to purchase 1.9439 shares of common stock.
 
(k) Each unit consists of $480 principal amount of 12.000% of senior secured notes of Stratus Technologies Bermuda, Ltd. due on March 29, 2015, $520 principal amount of 12.000% senior secured notes of Stratus Technologies Inc. due on March 29, 2015, 20.61 shares of common stock and 4.69 shares of preferred stock.
 
(l) Affiliated investment.
 
(m) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2010 (See Notes to Financial Statements).
 
(n) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
MTN
— Medium Term Note
 
PIK — Payment in-kind
 
As of March 31, 2010, the Fund had the following unfunded loan commitments (in thousands):
 
                 
        Unrealized
    Unfunded
  Appreciation/
Borrower   Commitments($)   (Depreciation)($)
 
Calpine Corp.
    5,000       (525 )
                 
              (525 )
                 
 
The commitments are available until the maturity date of the respective security.
 
See Notes to Financial Statements.


139


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Short-Term Bond Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Asset-Backed Securities (5.8%)
Automobiles (2.8%)
BMW Vehicle Lease Trust, Ser 2009-1, Cl A3, 2.910%, 03/15/12
    3,900       3,973  
Ford Credit Auto Owner Trust, Ser 2009-D, Cl A3, 2.170%, 10/15/13
    1,395       1,416  
Ford Credit Auto Owner Trust, Ser 2009-E, Cl A2, 0.800%, 03/15/12
    4,485       4,489  
Honda Auto Receivables Owner Trust, Ser 2009-3, Cl A3, 2.310%, 05/15/13
    1,880       1,915  
Nissan Auto Lease Trust, Ser 2009-B, Cl A3, 2.070%, 01/15/15
    2,275       2,306  
                 
              14,099  
                 
Credit Card (3.0%)
Chase Issuance Trust, Ser 2005-A2, Cl A2, 0.300%, 12/15/14(a)
    5,825       5,803  
Discover Card Master Trust, Ser 2008-A3, Cl A3, 5.100%, 10/15/13
    4,050       4,224  
GE Capital Credit Card Master Note Trust, Ser 2009-3, Cl A, 2.540%, 09/15/14
    4,530       4,590  
                 
              14,617  
                 
Total Asset-Backed Securities
            28,716  
                 
Collateralized Mortgage Obligations (15.1%)
Adjustable Rate Mortgage Trust, Ser 2005-1, Cl 2A22, 3.107%, 05/25/35(a)
    1,640       1,231  
Adjustable Rate Mortgage Trust, Ser 2005-4, Cl 3A1, 4.933%, 08/25/35(a)
    2,094       1,827  
Banc of America Alternative Loan Trust, Ser 2005-4, Cl CB7, 5.250%, 01/25/21
    3,616       3,325  
Banc of America Commercial Mortgage, Inc., Ser 2004-5, Cl A3, 4.561%, 11/10/41
    2,660       2,722  
Bear Stearns Commercial Mortgage Securities, Ser 2005-T20, Cl A1, 4.940%, 10/12/42
    181       181  
Citicorp Mortgage Securities, Inc., Ser 2005-5, Cl 2A3, 5.000%, 08/25/20
    2,332       2,314  
Citigroup Commercial Mortgage Trust, Ser 2004-C1, Cl A3, 5.251%, 04/15/40(a)
    2,625       2,725  
Commercial Mortgage Pass-Through Certificates, Ser 2001-J2A, Cl A2, 6.096%, 07/16/34(b)
    7,865       8,247  
CS First Boston Mortgage Securities Corp., Ser 2004-1, Cl 4A1, 5.000%, 02/25/19
    4,019       4,037  
CS First Boston Mortgage Securities Corp., Ser 2004-C3, Cl A3, 4.300%, 07/15/36
    1,146       1,146  
CS First Boston Mortgage Securities Corp., Ser 2005-C1, Cl A2, 4.609%, 02/15/38
    758       758  
Deutsche Alternative-A Securities, Inc. Mortgage Loan Trust, Ser 2005-1, Cl 2A1, 5.601%, 02/25/20(a)
    3,004       2,972  
FDIC Structured Sale Guaranteed Notes, Ser 2010-L2A, Cl A, 3.000%, 09/30/19(b)
    3,745       3,730  
Federal Home Loan Bank, Ser 5G-2012, Cl 1, 4.970%, 02/24/12
    2,341       2,452  
Federal National Mortgage Association, Ser 2009-37, Cl HA, 4.000%, 04/25/19
    3,846       4,008  
First Horizon Alternative Mortgage Securities, Ser 2005-AA7, Cl 2A1, 5.387%, 09/25/35(a)
    1,660       1,198  
First Horizon Mortgage Pass-Through Trust, Ser 2004-AR4, Cl 2A1, 3.154%, 08/25/34(a)
    1,733       1,656  
GE Capital Commercial Mortgage Corp., Ser 2004-C2, Cl A3, 4.641%, 03/10/40
    1,700       1,746  
Greenwich Capital Commercial Funding Corp., Ser 2004-GG1, Cl A3, 4.344%, 06/10/36
    163       163  
Greenwich Capital Commercial Funding Corp., Ser 2005-GG3, Cl A2, 4.305%, 08/10/42
    2,860       2,906  
 
See Notes to Financial Statements.


140


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Short-Term Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Collateralized Mortgage Obligations—continued
                 
Greenwich Capital Commercial Funding Corp., Ser 2005-GG5, Cl A2, 5.117%, 04/10/37
    1,993       2,028  
JPMorgan Chase Commercial Mortgage Securities, Ser 2005-LDP1, Cl A2, 4.625%, 03/15/46
    1,858       1,887  
LB Commercial Conduit Mortgage Trust, Ser 1998-C1, Cl D, 6.980%, 02/18/30
    1,900       1,925  
LB-UBS Commercial Mortgage Trust, Ser 2004-C8, Cl A2, 4.201%, 12/15/29
    4,116       4,163  
LB-UBS Commercial Mortgage Trust, Ser 2005-C1, Cl A2, 4.310%, 02/15/30
    832       832  
MASTR Alternative Loans Trust, Ser 2004-5, Cl 4A1, 5.500%, 07/25/19(c)
    3,115       3,020  
Provident Funding Mortgage Loan Trust, Ser 2004-1, Cl 1A1, 2.846%, 04/25/34(a)
    1,049       1,006  
Residential Accredit Loans, Inc., Ser 2003-QS17, Cl CB3, 5.500%, 09/25/33
    282       278  
Residential Funding Mortgage Securities I, Ser 2004-S3, Cl A1, 4.750%, 03/25/19
    2,243       2,276  
Wachovia Bank Commercial Mortgage Trust, Ser 2005-C16, Cl A2, 4.380%, 10/15/41
    682       695  
Wells Fargo Mortgage Backed Securities Trust, Ser 2003-I, Cl A1, 4.561%, 09/25/33(a)
    2,699       2,707  
Wells Fargo Mortgage Backed Securities Trust, Ser 2006-16, Cl A12, 5.000%, 11/25/36
    929       929  
Wells Fargo Mortgage Backed Securities Trust, Ser 2006-AR8, Cl 2A4, 5.132%, 04/25/36(a)
    1,909       1,732  
Wells Fargo Mortgage Backed Securities Trust, Ser 2006-AR8, Cl 3A1, 5.206%, 04/25/36(a)
    2,504       2,122  
                 
Total Collateralized Mortgage Obligations
            74,944  
                 
Corporate Bonds (44.3%)
Auto Parts & Equipment (0.2%)
Johnson Controls, Inc., 5.250%, 01/15/11(d)
    1,100       1,137  
                 
Banks (12.8%)
Bank of America Corp., 4.500%, 04/01/15
    2,090       2,107  
Bank of America Corp., Ser L, 3.125%, 06/15/12, MTN
    3,620       3,762  
Bank of New York Mellon Corp. (The), 5.125%, 08/27/13, MTN
    5,260       5,740  
Bank of Nova Scotia, 2.250%, 01/22/13
    2,410       2,432  
Barclays Bank PLC, 2.500%, 01/23/13
    4,375       4,380  
Barclays Bank PLC, 5.200%, 07/10/14
    855       913  
BB&T Corp., 3.850%, 07/27/12, MTN
    4,190       4,367  
Capital One Financial Corp., 5.700%, 09/15/11, MTN
    1,970       2,059  
Citibank NA, 1.375%, 08/10/11
    5,985       6,033  
Commonwealth Bank of Australia, 3.500%, 03/19/15(b)
    1,035       1,028  
Deutsche Bank AG, 4.875%, 05/20/13(c)
    7,295       7,817  
National City Bank, 6.200%, 12/15/11
    4,387       4,728  
PNC Funding Corp., 1.875%, 06/22/11
    2,750       2,782  
PNC Funding Corp., 5.400%, 06/10/14
    990       1,063  
Santander US Debt SA Unipersonal, 2.485%, 01/18/13(b)
    2,915       2,896  
Wachovia Corp., 5.300%, 10/15/11
    3,440       3,640  
Wachovia Corp., Ser G, 5.500%, 05/01/13, MTN
    2,900       3,132  
Wells Fargo & Co., 3.000%, 12/09/11(c)
    4,600       4,750  
                 
              63,629  
                 
Beverages (0.7%)
Anheuser-Busch InBev NV, 3.625%, 04/15/15(b)
    2,090       2,110  
Dr Pepper Snapple Group, Inc., 2.350%, 12/21/12
    1,145       1,153  
                 
              3,263  
                 
                 
 
See Notes to Financial Statements.


141


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Short-Term Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Building Materials (0.4%)
CRH America, Inc., 6.950%, 03/15/12
    1,635       1,777  
                 
Chemicals (0.8%)
Dow Chemical Co. (The), 4.850%, 08/15/12
    1,070       1,131  
Mosaic Co. (The), 7.375%, 12/01/14, Callable 12/01/10 @ 103.69(b)
    1,135       1,215  
Potash Corp. of Saskatchewan, Inc., 4.875%, 03/01/13
    1,550       1,651  
                 
              3,997  
                 
Consumer Staples (1.1%)
Kellogg Co., Ser B, 6.600%, 04/01/11
    2,235       2,357  
Kraft Foods, Inc., 2.625%, 05/08/13
    865       871  
Yum! Brands, Inc., 8.875%, 04/15/11
    2,175       2,333  
                 
              5,561  
                 
Diversified Financial Services (15.5%)
Allstate Life Global Funding Trust, 5.375%, 04/30/13, MTN
    2,260       2,462  
American Express Credit Co., Ser C, 5.875%, 05/02/13, MTN
    2,235       2,421  
American Honda Finance Corp., 4.625%, 04/02/13, MTN(b)
    2,000       2,117  
BlackRock, Inc., 2.250%, 12/10/12
    2,280       2,299  
Caterpillar Financial Services Corp., 5.750%, 02/15/12, MTN
    3,130       3,380  
Caterpillar Financial Services Corp., 6.125%, 02/17/14
    2,400       2,705  
CME Group, Inc., 5.750%, 02/15/14
    3,900       4,281  
Credit Suisse (USA), Inc., 6.500%, 01/15/12
    5,450       5,926  
General Electric Capital Corp., 2.800%, 01/08/13, MTN
    2,325       2,353  
General Electric Capital Corp., 4.800%, 05/01/13
    5,700       6,057  
Goldman Sachs Group, Inc. (The), 1.625%, 07/15/11
    3,250       3,287  
Goldman Sachs Group, Inc. (The), 5.450%, 11/01/12
    1,810       1,957  
JPMorgan Chase & Co., 2.200%, 06/15/12
    4,900       4,996  
JPMorgan Chase & Co., 5.750%, 01/02/13
    5,625       6,105  
MetLife Global Funding I, 5.125%, 04/10/13(b)
    3,000       3,221  
Morgan Stanley, 3.250%, 12/01/11
    6,000       6,221  
Morgan Stanley, 5.300%, 03/01/13
    1,830       1,947  
NASDAQ OMX Group, Inc. (The), 4.000%, 01/15/15
    810       806  
Nissan Motor Acceptance Corp., 3.250%, 01/30/13(b)
    1,105       1,116  
Province of Ontario, 1.875%, 11/19/12
    4,675       4,705  
Prudential Financial, Inc., Ser D, 5.150%, 01/15/13, MTN
    1,660       1,761  
Rio Tinto Finance USA Ltd., 8.950%, 05/01/14
    1,965       2,368  
TD AMERITRADE Holding Corp., 4.150%, 12/01/14
    1,115       1,122  
Westpac Banking Corp., 2.250%, 11/19/12
    1,100       1,108  
Woodside Finance Ltd., 4.500%, 11/10/14(b)
    1,800       1,844  
                 
              76,565  
                 
Electric (0.7%)
Alabama Power Co., 5.800%, 11/15/13
    2,000       2,239  
Dominion Resources, Inc., Ser B, 6.250%, 06/30/12
    1,200       1,306  
                 
              3,545  
                 
Industrials (1.0%)
Dover Corp., 6.500%, 02/15/11
    3,385       3,554  
Ingersoll-Rand Global Holding Co. Ltd., 6.000%, 08/15/13
    1,100       1,209  
                 
              4,763  
                 
Information Technology (0.3%)
Hewlett-Packard Co., 5.250%, 03/01/12
    1,495       1,605  
                 
Insurance (1.7%)
Berkshire Hathaway, Inc., Ser 0001, 2.125%, 02/11/13
    6,740       6,794  
New York Life Global Funding, 4.650%, 05/09/13(b)
    1,710       1,831  
                 
              8,625  
                 
                 
 
See Notes to Financial Statements.


142


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Short-Term Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Media (2.0%)
Comcast Corp., 5.300%, 01/15/14
    2,140       2,301  
Cox Communications, Inc., 7.750%, 11/01/10
    1,495       1,551  
News America Holdings, Inc., 9.250%, 02/01/13
    1,770       2,080  
Time Warner, Inc., 6.875%, 05/01/12
    1,550       1,705  
Time Warner, Inc., 5.400%, 07/02/12
    2,090       2,243  
                 
              9,880  
                 
Metals (0.4%)
ArcelorMittal, 5.375%, 06/01/13
    1,950       2,076  
                 
Oil & Gas (1.3%)
Apache Corp., 6.250%, 04/15/12
    990       1,081  
Devon Energy Corp., 5.625%, 01/15/14
    1,500       1,641  
Devon Financing Corp. ULC, 6.875%, 09/30/11
    195       210  
Weatherford International Ltd., 5.150%, 03/15/13
    1,215       1,291  
XTO Energy, Inc., 5.000%, 08/01/10
    2,170       2,201  
                 
              6,424  
                 
Pharmaceuticals (0.9%)
Novartis Capital Corp., 1.900%, 04/24/13
    1,025       1,024  
Pfizer, Inc., 4.450%, 03/15/12
    3,230       3,424  
                 
              4,448  
                 
Pipelines (2.1%)
CenterPoint Energy Resources Corp., 7.750%, 02/15/11
    2,050       2,158  
DCP Midstream LLC, 7.875%, 08/16/10
    1,405       1,441  
Energy Transfer Partners LP, 5.650%, 08/01/12
    1,565       1,678  
Kinder Morgan Energy Partners LP, 7.125%, 03/15/12
    1,640       1,796  
ONEOK Partners LP, 7.100%, 03/15/11
    944       986  
Plains All America Pipeline LP, 4.250%, 09/01/12
    1,945       2,021  
Williams Partners LP, 3.800%, 02/15/15(b)
    550       549  
                 
              10,629  
                 
Retail (0.2%)
CVS Caremark Corp., 1.754%, 09/10/10(a)
    825       829  
                 
Telecommunication Services (1.8%)
New Cingular Wireless Services, Inc., 8.125%, 05/01/12
    4,020       4,536  
Rogers Wireless, Inc., 9.625%, 05/01/11
    1,748       1,895  
Telefonica Emisiones S.A.U., 5.855%, 02/04/13
    2,105       2,289  
                 
              8,720  
                 
Transportation (0.4%)
Union Pacific Corp., 6.650%, 01/15/11
    1,900       1,982  
                 
Total Corporate Bonds
            219,455  
                 
U.S. Government Agencies (8.1%)
Federal Home Loan Bank (1.0%)
1.625%, 01/21/11
    5,000       5,044  
                 
Federal Home Loan Mortgage Corporation (5.1%)
1.700%, 06/29/11, Callable 06/29/10 @ 100
    4,750       4,763  
1.625%, 08/11/11, Callable 05/11/10 @ 100
    4,070       4,076  
2.050%, 05/11/12, Callable 05/11/10 @ 100
    5,000       5,009  
2.350%, 08/27/12, Callable 08/27/10 @ 100
    5,975       6,020  
1.700%, 12/17/12, Callable 12/17/10 @ 100
    5,625       5,606  
                 
              25,474  
                 
Federal National Mortgage Association (2.0%)
3.375%, 05/19/11
    7,000       7,219  
3.000%, 09/29/14, Callable 09/29/11 @ 100
    2,250       2,280  
                 
              9,499  
                 
Total U.S. Government Agencies
            40,017  
                 
U.S. Government Agency Mortgages (10.8%)
Federal Home Loan Mortgage Corporation (1.5%)
5.591%, 01/25/12(a)
    824       861  
4.500%, 08/15/19
    53       56  
2.804%, 04/01/34(a)
    647       666  
6.134%, 09/01/36(a)
    1,670       1,767  
5.519%, 04/01/37(a)
    3,968       4,206  
                 
              7,556  
                 
Federal National Mortgage Association (9.3%)
6.955%, 10/01/10
    2,857       2,871  
7.010%, 12/01/10
    4,453       4,521  
 
See Notes to Financial Statements.


143


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)

Short-Term Bond Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Federal National Mortgage Association—continued
                 
5.620%, 02/01/12
    3,995       4,233  
4.826%, 01/01/13
    1,237       1,317  
4.926%, 02/01/13
    1,904       2,023  
5.100%, 02/01/13
    7,115       7,678  
4.498%, 08/01/13
    2,659       2,803  
4.972%, 10/01/13
    4,426       4,722  
5.392%, 09/01/14
    3,525       3,842  
5.970%, 08/01/16
    4,878       5,439  
6.000%, 12/25/30(c)
    2,610       2,747  
2.923%, 10/01/33(a)
    450       464  
2.894%, 05/01/35(a)
    3,081       3,174  
                 
              45,834  
                 
Total U.S. Government Agency Mortgages
            53,390  
                 
U.S. Treasury Obligations (9.9%)
U.S. Treasury Notes (9.9%)
2.375%, 08/31/10
    15,385       15,522  
1.500%, 10/31/10
    11,916       11,999  
0.875%, 04/30/11
    5,398       5,420  
1.750%, 11/15/11
    3,250       3,299  
1.000%, 03/31/12
    1,550       1,549  
1.375%, 01/15/13
    2,675       2,667  
1.375%, 02/15/13
    875       871  
2.375%, 02/28/15
    5,350       5,313  
2.500%, 03/31/15
    2,420       2,413  
                 
Total U.S. Treasury Obligations
            49,053  
                 
Short-Term Investment (0.2%)
RidgeWorth Funds Securities Lending Joint Account(e)(f)
    1,158       1,158  
                 
Total Short-Term Investment
            1,158  
                 
Money Market Funds (6.7%)
Federated Government Obligations Money Market Fund
    8,502,881       8,503  
RidgeWorth Institutional Cash Management Money Market Fund(e)
    22,041,275       22,041  
RidgeWorth Institutional U.S. Government Securities Money Market Fund(e)
    2,817,629       2,818  
                 
Total Money Market Funds
            33,362  
                 
Total Investments (Cost $493,564)(g) — 100.9%
            500,095  
Liabilities in excess of other assets — (0.9)%
            (4,539 )
                 
Net Assets — 100.0%
          $ 495,556  
                 
 
 
(a) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(b) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/ subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 6.0% of net assets as of March 31, 2010.
 
(c) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(d) This security or a partial position of the security was on loan as of March 31, 2010. The total value of securities on loan as of March 31, 2010, in thousands, was $1,121.
 
(e) Affiliated investment.
 
(f) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2010 (See Notes to Financial Statements).
 
(g) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
MTN
— Medium Term Note
 
ULC — Unlimited Liability Company
 
See Notes to Financial Statements.


144


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Short-Term U.S. Treasury Securities Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
U.S. Treasury Obligations (99.2%)
U.S. Treasury Notes (99.2%)
2.375%, 08/31/10
    3,230       3,259  
4.500%, 11/15/10
    4,000       4,104  
0.875%, 04/30/11
    4,830       4,850  
1.750%, 11/15/11
    6,450       6,547  
4.625%, 02/29/12
    10,000       10,698  
1.750%, 08/15/12
    4,000       4,049  
4.125%, 08/31/12
    2,000       2,137  
1.375%, 01/15/13
    3,800       3,788  
3.125%, 04/30/13
    3,000       3,136  
2.000%, 11/30/13
    1,025       1,027  
1.875%, 04/30/14
    1,275       1,260  
2.375%, 02/28/15
    575       571  
                 
Total U.S. Treasury Obligations
            45,426  
                 
Money Market Fund (0.3%)
Federated U.S. Treasury Cash Reserves Fund
    119,106       119  
                 
Total Money Market Fund
            119  
                 
Total Investments (Cost $44,869)(a) — 99.5%
            45,545  
Other assets in excess of
liabilities — 0.5%
    224  
         
Net Assets — 100.0%
          $ 45,769  
                 
 
 
(a) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
See Notes to Financial Statements.


145


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Total Return Bond Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Asset-Backed Security (0.1%)
Home Equity (0.1%)
Chase Funding Mortgage Loan Asset-Backed, Ser 2002-2, Cl 1A6, 5.214%, 08/25/13
    785       755  
                 
Total Asset-Backed Security
            755  
                 
Collateralized Mortgage Obligations (9.0%)
Asset Securitization Corp., Ser 1997-D5, Cl A4, 6.478%, 02/14/43(a)
    4,532       4,895  
Banc of America Commercial Mortgage, Inc., Ser 2005-3, Cl A3B, 5.090%, 07/10/43(a)
    3,902       3,893  
Banc of America Commercial Mortgage, Inc., Ser 2005-6, Cl A4, 5.179%, 09/10/47(a)
    5,438       5,660  
Banc of America Commercial Mortgage, Inc., Ser 2006-5, Cl A3, 5.390%, 02/10/14
    15       16  
CS First Boston Mortgage Securities Corp., Ser 2001-CP4, Cl A4, 6.180%, 12/15/35
    45       47  
CS First Boston Mortgage Securities Corp.,
Ser 2005-C5, Cl A3, 5.100%, 08/15/38(a)
    4,070       4,240  
CS First Boston Mortgage Securities Corp., Ser 2005-C6, Cl AM, 5.230%, 12/15/40(a)
    2,515       2,349  
Federal Home Loan Mortgage Corporation, Ser 2708, Cl ZD, 5.500%, 11/15/33
    764       789  
Federal Home Loan Mortgage Corporation, Ser 3347, Cl AK, 5.000%, 07/15/37
    4,000       4,252  
Federal Home Loan Mortgage Corporation, Ser 3351, Cl ZC, 5.500%, 07/15/37
    1,066       1,094  
GE Capital Commercial Mortgage Corp., Ser 2003-C1, Cl A4, 4.819%, 01/10/38
    940       983  
Government National Mortgage Association, Ser 2006-10, Cl ZT, 6.000%, 03/20/36
    1,268       1,381  
Greenwich Capital Commercial Funding Corp., Ser 2005-GG5, Cl AM, 5.277%, 04/10/37(a)
    3,881       3,578  
GS Mortgage Securities Corp. II, Ser 2005-GG4, Cl A4, 4.761%, 07/10/39
    8,111       8,049  
JP Morgan Chase Commercial Mortgage Securities Corp., Ser 2005-LDP3, Cl A4B, 4.996%, 08/15/42(a)
    1,694       1,556  
LB-UBS Commercial Mortgage Trust, Ser 2005-C3, Cl AM, 4.794%, 07/15/40
    423       390  
LB-UBS Commercial Mortgage Trust, Ser 2005-C5, Cl AM, 5.017%, 09/15/40
    4,271       3,988  
LB-UBS Commercial Mortgage Trust, Ser 2005-C7, Cl A3, 5.474%, 11/15/30(a)
    3,736       3,882  
LB-UBS Commercial Mortgage Trust, Ser 2005-C7, Cl A4, 5.197%, 11/15/30(a)
    2,581       2,645  
Nomura Asset Securities Corp., Ser 1998-D6, Cl A2, 6.586%, 03/15/30(a)
    2,789       3,153  
RBSCF Trust, Ser 2009-RR2, Cl JPB, 5.336%, 12/16/16(a)(b)
    4,193       3,648  
Wachovia Bank Commercial Mortgage Trust, Ser 2005-C20, Cl AMFX, 5.179%, 07/15/42(a)
    4,590       4,235  
Wachovia Bank Commercial Mortgage Trust, Ser 2005-C21, Cl AM, 5.209%, 10/15/44(a)
    1,564       1,465  
                 
Total Collateralized Mortgage Obligations
            66,188  
                 
                 
 
See Notes to Financial Statements.


146


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Total Return Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Corporate Bonds (32.4%)
Advertising (0.0%)
Affinion Group, Inc., 10.125%, 10/15/13, Callable 10/15/10 @ 102.53
    160       164  
Interpublic Group Cos., Inc., 10.000%, 07/15/17, Callable 07/15/13 @ 105
    60       68  
                 
              232  
                 
Aerospace/Defense (0.7%)
Boeing Co. (The), 5.125%, 02/15/13
    1,202       1,302  
General Dynamics Corp., 5.250%, 02/01/14
    870       956  
Spirit AeroSystems Holdings, Inc., 7.500%, 10/01/17, Callable 10/01/13 @ 103.75(b)
    100       103  
Triumph Group, Inc., 8.000%, 11/15/17, Callable 11/15/13 @ 104
    40       40  
United Technologies Corp., 6.125%, 02/01/19
    2,336       2,627  
                 
              5,028  
                 
Airlines (0.1%)
Delta Air Lines, Inc., 9.500%, 09/15/14, Callable 09/15/11 @ 107.12(b)
    360       378  
Delta Air Lines, Inc., 12.250%, 03/15/15, Callable 03/15/12 @ 108.81(b)
    105       112  
                 
              490  
                 
Auto Parts & Equipment (0.1%)
Affinia Group, Inc., 10.750%, 08/15/16, Callable 08/15/12 @ 108.06(b)
    30       33  
American Axle & Manufacturing, Inc., 9.250%, 01/15/17, Callable 01/15/14 @ 104.63(b)
    135       144  
Goodyear Tire & Rubber Co. (The), 10.500%, 05/15/16, Callable 05/15/12 @ 107.88
    210       227  
Lear Corp., 7.875%, 03/15/18, Callable 03/15/14 @ 103.94
    25       25  
Lear Corp., 8.125%, 03/15/20, Callable 03/15/15 @ 104.06
    25       25  
Navistar International Corp., 8.250%, 11/01/21, Callable 11/01/14 @ 104.13
    75       77  
TRW Automotive, Inc., 8.875%, 12/01/17, Callable 12/01/13 @ 104.44(b)
    85       88  
                 
              619  
                 
Banks (1.5%)
Bank of New York Mellon (The), Ser G, MTN, 4.950%, 11/01/12
    1,570       1,702  
Bank of New York Mellon (The), Ser G, MTN, 4.500%, 04/01/13
    701       749  
Bank of Nova Scotia, 3.400%, 01/22/15
    1,465       1,475  
Barclays Bank PLC, 2.500%, 01/23/13
    1,317       1,318  
Barrick International Bank Corp., 6.350%, 10/15/36(b)
    875       890  
Commonwealth Bank of Australia, 3.500%, 03/19/15(b)
    2,673       2,654  
Northern Trust Corp., 5.200%, 11/09/12
    1,707       1,852  
                 
              10,640  
                 
Beverages (1.0%)
Anheuser-Busch InBev NV, 3.000%, 10/15/12
    1,909       1,960  
Anheuser-Busch InBev NV, 8.200%, 01/15/39(b)
    1,114       1,437  
Diageo Capital PLC, 5.200%, 01/30/13
    806       872  
PepsiCo, Inc., 7.900%, 11/01/18
    1,169       1,448  
SABMiller PLC, 6.200%, 07/01/11(b)
    1,636       1,725  
                 
              7,442  
                 
Building (0.0%)
KB Home, 9.100%, 09/15/17
    55       58  
                 
Building Materials (0.0%)
USG Corp., 9.750%, 08/01/14(b)
    60       64  
USG Corp., 9.500%, 01/15/18(c)
    25       25  
                 
              89  
                 
                 
 
See Notes to Financial Statements.


147


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Total Return Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Chemicals (0.3%)
Air Products & Chemicals, Inc., 4.150%, 02/01/13
    775       811  
Compass Minerals International, Inc., 8.000%, 06/01/19, Callable 06/01/14 @ 104(b)
    60       62  
E.I. du Pont de Nemours & Co., 5.000%, 07/15/13
    1,296       1,404  
Georgia Gulf Corp., 9.000%, 01/15/17, Callable 01/15/14 @ 104.50(b)
    50       52  
Huntsman International LLC, 5.500%, 06/30/16(b)
    45       41  
Nova Chemicals Corp., 8.625%, 11/01/19, Callable 11/01/14 @ 104.31(b)
    45       46  
Solutia, Inc., 8.750%, 11/01/17, Callable 11/01/13 @ 104.38
    40       42  
Solutia, Inc., 7.875%, 03/15/20, Callable 03/15/15 @ 103.94
    70       71  
                 
              2,529  
                 
Coal (0.1%)
Arch Coal, Inc., 8.750%, 08/01/16, Callable 08/01/13 @ 104.38(b)
    55       58  
CONSOL Energy, Inc., 8.000%, 04/01/17, Callable 04/01/14 @ 104^(b)
    160       164  
CONSOL Energy, Inc., 8.250%, 04/01/20, Callable 04/01/15 @ 104.13^(b)
    135       139  
International Coal Group, Inc., 9.125%, 04/01/18, Callable 04/01/14 @ 104.56
    50       51  
                 
              412  
                 
Commercial Services (1.1%)
Avis Budget Car Rental LLC, 9.625%, 03/15/18, Callable 03/15/14 @ 104.81(b)
    95       99  
Cenveo Corp., 8.875%, 02/01/18, Callable 02/01/14 @ 104.44(b)
    70       71  
Equinix, Inc., 8.125%, 03/01/18, Callable 03/01/14 @ 104.06
    60       62  
ERAC USA Finance Co., 5.800%, 10/15/12(b)
    1,281       1,383  
ERAC USA Finance Co., 5.600%, 05/01/15(b)
    1,017       1,073  
Geokinetics Holdings, Inc., 9.750%, 12/15/14, Callable 12/15/11 @ 104.88(b)
    145       136  
Hertz Corp., 8.875%, 01/01/14, Callable 04/30/10 @ 104.44
    290       298  
National Money Mart Co., 10.375%, 12/15/16, Callable 12/15/13 @ 105.19(b)
    40       42  
Norcraft Cos. LP/Finance Corp., 10.500%, 12/15/15, Callable 12/15/12 @ 105.25(b)
    8       8  
Reader’s Digest Association, Inc. (The), 9.500%, 02/15/17, Callable 02/15/13 @ 104(a)(b)(d)
    225       230  
RSC Equipment Rental, Inc., 10.000%, 07/15/17, Callable 07/15/13 @ 105(b)
    50       53  
Ticketmaster Entertainment, Inc., 10.750%, 08/01/16, Callable 08/01/12 @ 105.38
    6       7  
United Rentals NA, Inc., 9.250%, 12/15/19, Callable 12/15/14 @ 104.63
    755       770  
Veolia Environnement, 6.000%, 06/01/18
    1,496       1,600  
Xerox Corp., 5.500%, 05/15/12
    822       872  
Xerox Corp., 6.350%, 05/15/18
    1,221       1,323  
                 
              8,027  
                 
Computers (0.6%)
Hewlett-Packard Co., 4.500%, 03/01/13
    694       743  
IBM Corp., 7.625%, 10/15/18
    3,056       3,762  
Seagate Technology International Co. Ltd., 10.000%, 05/01/14, Callable 05/01/13 @ 105(b)
    20       23  
                 
              4,528  
                 
Consumer Staples (0.9%)
Dean Foods Co., 7.000%, 06/01/16
    140       137  
 
See Notes to Financial Statements.


148


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Total Return Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Consumer Staples—continued
                 
Jarden Corp., 7.500%, 01/15/20, Callable 01/15/15 @ 103.75
    100       101  
Kellogg Co., 4.250%, 03/06/13
    1,052       1,111  
Kimberly-Clark Corp., 7.500%, 11/01/18
    510       619  
Kroger Co. (The), 7.500%, 01/15/14
    663       766  
Procter & Gamble Co., 4.600%, 01/15/14
    1,950       2,095  
Revlon Consumer Products Corp., 9.750%, 11/15/15, Callable 11/15/12 @ 104.88(b)
    55       57  
Stater Brothers Holdings, Inc., 7.750%, 04/15/15, Callable 04/15/11 @ 103.88
    180       182  
SUPERVALU, Inc., 8.000%, 05/01/16
    215       218  
Walgreen Co., 4.875%, 08/01/13
    976       1,063  
                 
              6,349  
                 
Diversified Financial Services (5.0%)
American General Finance Corp., Ser H, MTN, 5.375%, 10/01/12
    120       113  
American General Finance Corp., Ser I, MTN, 5.400%, 12/01/15
    75       65  
American General Finance Corp., Ser J, MTN, 6.900%, 12/15/17
    750       657  
Bank of America Corp., Ser K, 8.000%(e)
    545       556  
BP Capital Markets PLC, 5.250%, 11/07/13
    2,783       3,062  
Cemex Finance LLC, 9.500%, 12/14/16, Callable 12/14/13 @ 104.75(b)
    100       104  
CIT Group, Inc., 7.000%, 05/01/13, Callable 01/01/11 @ 102(d)
    370       360  
CIT Group, Inc., 7.000%, 05/01/14, Callable 01/01/11 @ 102
    65       61  
CIT Group, Inc., 7.000%, 05/01/15, Callable 01/01/11 @ 102
    285       266  
CIT Group, Inc., 7.000%, 05/01/16, Callable 01/01/11 @ 102
    320       295  
CIT Group, Inc., 7.000%, 05/01/17, Callable 01/01/11 @ 102
    310       286  
Citigroup Capital XXI, 8.300%, 12/21/57, Callable 12/21/37 @ 100(a)
    240       243  
CME Group, Inc., 5.400%, 08/01/13
    1,350       1,473  
CME Group, Inc., 5.750%, 02/15/14
    1,187       1,303  
CNG Holdings, Inc., 12.250%, 02/15/15, Callable 02/15/13 @ 106.12(b)
    52       50  
Credit Suisse (USA), Inc., 5.300%, 08/13/19
    2,021       2,072  
Ford Motor Credit Co. LLC, 7.800%, 06/01/12
    100       104  
Ford Motor Credit Co. LLC, 7.500%, 08/01/12
    100       104  
Ford Motor Credit Co. LLC, 7.000%, 10/01/13
    25       26  
Ford Motor Credit Co. LLC, 8.700%, 10/01/14
    550       596  
Ford Motor Credit Co. LLC, 8.125%, 01/15/20
    100       105  
Fund American Cos., Inc., 5.875%, 05/15/13
    2,090       2,151  
GMAC, Inc., 8.300%, 02/12/15(b)
    80       84  
GMAC, Inc., 8.000%, 03/15/20(b)
    110       113  
GMAC, Inc., 8.000%, 11/01/31
    830       793  
GMAC, Inc., Ser 8, 6.750%, 12/01/14
    210       209  
Icahn Enterprises LP, 8.000%, 01/15/18, Callable 01/15/14 @ 104(b)
    400       386  
ILFC E-Capital Trust II, 6.250%, 12/21/65, Callable 12/21/15 @ 100(a)(b)
    100       77  
International Lease Finance Corp., 8.625%, 09/15/15^(b)
    160       164  
International Lease Finance Corp., 8.750%, 03/15/17^(b)
    195       199  
 
See Notes to Financial Statements.


149


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Total Return Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Diversified Financial Services—continued
                 
International Lease Finance Corp., Ser R, MTN, 6.625%, 11/15/13
    50       49  
Jefferies Group, Inc., 8.500%, 07/15/19
    1,833       2,033  
JPMorgan Chase & Co., 6.300%, 04/23/19
    2,964       3,271  
Lazard Group LLC, 7.125%, 05/15/15
    2,075       2,179  
LBI Escrow Corp., 8.000%, 11/01/17, Callable 05/01/13 @ 106^(b)
    215       223  
Morgan Stanley, 7.300%, 05/13/19
    1,795       1,983  
Morgan Stanley, Ser F, MTN, 6.625%, 04/01/18
    100       107  
NASDAQ OMX Group, Inc. (The), 5.550%, 01/15/20
    1,939       1,928  
New Communications Holdings, Inc., 7.875%, 04/15/15^(b)
    90       92  
New Communications Holdings, Inc., 8.250%, 04/15/17^(b)
    150       153  
New Communications Holdings, Inc., 8.500%, 04/15/20^(b)
    190       191  
Provident Funding Association LP, 10.250%, 04/15/17, Callable 04/15/14 @ 105.13^(b)
    160       161  
Rio Tinto Finance (USA) Ltd., 5.875%, 07/15/13
    869       955  
Rio Tinto Finance (USA) Ltd., 7.125%, 07/15/28
    1,990       2,278  
SunGard Data Systems, Inc., 9.125%, 08/15/13, Callable 08/15/10 @ 102.28
    210       215  
TIAA Global Markets, 5.125%, 10/10/12(b)
    1,572       1,689  
UPC Germany GmbH, 8.125%, 12/01/17, Callable 12/01/12 @ 108.12(b)
    100       103  
Woodside Finance Ltd., 8.750%, 03/01/19(b)
    2,466       3,027  
                 
              36,714  
                 
Diversified Minerals (0.0%)
FMG Finance Property Ltd., 10.625%, 09/01/16(b)
    170       196  
Teck Cominco Ltd., 6.125%, 10/01/35
    10       9  
                 
              205  
                 
Diversified Operations (0.5%)
Amsted Industries, Inc., 8.125%, 03/15/18, Callable 03/15/14 @ 104.06(b)
    175       175  
Illinois Tool Works, Inc., 6.250%, 04/01/19
    1,995       2,248  
Koppers, Inc., 7.875%, 12/01/19, Callable 12/01/14 @ 103.94(b)
    12       12  
Leucadia National Corp., 8.125%, 09/15/15
    785       814  
McJunkin Red Man Corp., 9.500%, 12/15/16, Callable 12/15/12 @ 107.12(b)
    300       306  
                 
              3,555  
                 
Electric (2.3%)
AES Corp. (The), 7.750%, 03/01/14
    165       169  
AES Corp. (The), 9.750%, 04/15/16(b)
    25       27  
AES Corp. (The), 8.000%, 10/15/17
    210       213  
AES Ironwood LLC, 8.857%, 11/30/25
    81       79  
Alabama Power Co., 5.800%, 11/15/13
    1,122       1,256  
Baldor Electric Co., 8.625%, 02/15/17, Callable 02/15/12 @ 104.31
    95       100  
Calpine Corp., 7.250%, 10/15/17, Callable 10/15/13 @ 103.63(b)
    255       251  
Duke Energy Carolinas LLC, Ser C, 7.000%, 11/15/18
    452       532  
E.ON International Finance BV, 5.800%, 04/30/18(b)
    3,165       3,422  
Edison Mission Energy, 7.500%, 06/15/13
    200       173  
Edison Mission Energy, 7.000%, 05/15/17
    100       70  
Edison Mission Energy, 7.200%, 05/15/19
    175       121  
Energy Future Holdings Corp., 10.000%, 01/15/20, Callable 01/15/15 @ 105(b)
    130       136  
Exelon Generation Co. LLC, 6.200%, 10/01/17
    1,388       1,511  
 
See Notes to Financial Statements.


150


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Total Return Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Electric—continued
                 
Georgia Power Co., 6.000%, 11/01/13
    688       774  
Inergy LP/Inergy Finance Corp., 8.750%, 03/01/15, Callable 03/01/13 @ 104.38
    65       68  
MidAmerican Energy Holdings Co., 6.125%, 04/01/36
    1,229       1,238  
NRG Energy, Inc., 8.500%, 06/15/19, Callable 06/15/14 @ 104.25
    620       628  
Pacific Gas & Electric Co., 8.250%, 10/15/18
    323       394  
Pacific Gas & Electric Co., 6.050%, 03/01/34
    1,418       1,460  
Public Service Co. of Colorado,
Ser 17, 6.250%, 09/01/37
    780       841  
Sithe/Independence Funding, Ser A, 9.000%, 12/30/13
    193       200  
Southern California Edison Co., 5.750%, 03/15/14
    1,262       1,402  
United Maritime Group LLC/ Finance Corp., 11.750%, 06/15/15, Callable 12/15/12 @ 105.88(b)
    85       87  
Virginia Electric & Power Co., 8.875%, 11/15/38
    821       1,141  
Wisconsin Power & Light Co., 6.375%, 08/15/37
    749       795  
                 
              17,088  
                 
Electronics (0.0%)
Jabil Circuit, Inc., 7.750%, 07/15/16
    55       58  
Viasystems Group, Inc., 12.000%, 01/15/15, Callable 07/15/12 @ 106(b)
    20       22  
                 
              80  
                 
Entertainment (0.1%)
Penn National Gaming, Inc., 8.750%, 08/15/19, Callable 08/15/14 @ 104.38(b)
    160       162  
Scientific Games International, Inc., 9.250%, 06/15/19, Callable 06/15/14 @ 104.63
    260       275  
Speedway Motorsports, Inc., 8.750%, 06/01/16, Callable 06/01/13 @ 104.38
    90       96  
Videotron Ltee, 6.875%, 01/15/14, Callable 04/30/10 @ 102.29
    170       172  
WMG Holdings Corp., 9.500%, 12/15/14, Callable 04/30/10 @ 104.75
    85       86  
                 
              791  
                 
Environmental Control (0.0%)
Casella Waste Systems, Inc., 11.000%, 07/15/14, Callable 07/15/12 @ 105.50(b)
    5       5  
                 
Forest Products & Paper (0.0%)
Boise Paper Holdings LLC/Finance Co., 9.000%, 11/01/17, Callable 11/01/13 @ 104.50(b)
    50       53  
NewPage Corp., 11.375%, 12/31/14, Callable 03/31/12 @ 105(d)
    190       189  
Verso Paper Holdings LLC, 11.500%, 07/01/14, Callable 01/01/12 @ 105(b)
    55       59  
                 
              301  
                 
Health Care (0.6%)
Apria Healthcare Group, Inc., Ser A1, 11.250%, 11/01/14, Callable 11/01/11 @ 105.62(b)
    200       218  
Biomet, Inc., 10.000%, 10/15/17, Callable 10/15/12 @ 105
    140       154  
Community Health Systems, Inc., 8.875%, 07/15/15, Callable 07/15/11 @ 104.44
    385       398  
HCA, Inc., 9.250%, 11/15/16, Callable 11/15/11 @ 104.63
    635       675  
HCA, Inc., 9.875%, 02/15/17, Callable 02/15/13 @ 104.94(b)
    60       65  
HCA, Inc., 7.250%, 09/15/20, Callable 03/15/15 @ 103.63(b)
    185       188  
Inverness Medical Innovations, Inc., 7.875%, 02/01/16, Callable 02/01/13 @ 103.94
    155       152  
 
See Notes to Financial Statements.


151


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Total Return Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Health Care—continued
                 
Pfizer, Inc., 6.200%, 03/15/19
    1,501       1,695  
Tenet Healthcare Corp., 8.875%, 07/01/19, Callable 07/01/14 @ 104.44(b)
    150       162  
U.S. Oncology, Inc., 9.125%, 08/15/17, Callable 08/15/13 @ 104.56
    70       73  
Universal Hospital Services, Inc., PIK, 8.500%, 06/01/15, Callable 06/01/11 @ 104.25
    300       299  
                 
              4,079  
                 
Household Products/Wares (0.0%)
ACCO Brands Corp., 10.625%, 03/15/15, Callable 09/15/12 @ 105.31(b)
    70       77  
                 
Industrials (0.0%)
Mohawk Industries, Inc., 6.125%, 01/15/16(c)
    85       88  
                 
Information Technology (0.0%)
Zayo Group LLC, 10.250%, 03/15/17, Callable 03/15/13 @ 105.13(b)
    220       222  
                 
Insurance (0.9%)
American International Group, Inc., 8.175%, 05/15/58, Callable 05/15/38 @ 100(a)
    95       80  
Berkshire Hathaway, Inc., 4.600%, 05/15/13
    1,582       1,687  
Berkshire Hathaway, Inc., 3.200%, 02/11/15
    2,640       2,663  
Genworth Financial, Inc., 6.150%, 11/15/66, Callable 11/15/16 @ 100(a)
    40       31  
Hartford Financial Services Group, Inc., 8.125%, 06/15/38, Callable 06/15/18 @ 100(a)
    85       88  
ING Capital Funding Trust III, 8.439%(e)
    150       142  
ING Groep NV, 5.775%(e)
    70       60  
Liberty Mutual Group, 7.800%, 03/15/37(b)
    60       53  
Liberty Mutual Group, 10.750%, 06/15/58, Callable 06/15/38 @ 100(a)(b)
    60       67  
Liberty Mutual Group, Ser B, 7.000%, 03/15/37, Callable 03/15/17 @ 100(a)(b)
    65       55  
Lincoln National Corp., 7.000%, 05/17/66, Callable 05/17/16 @ 100(a)
    50       45  
Lincoln National Corp., 6.050%, 04/20/67, Callable 04/20/17 @ 100(a)
    35       29  
Teachers Insurance & Annuity Association of America, 6.850%, 12/16/39(b)
    1,226       1,330  
                 
              6,330  
                 
Lodging (0.2%)
Ameristar Casinos, Inc., 9.250%, 06/01/14, Callable 12/01/11 @ 104.63
    220       230  
Harrah’s Operating Co., Inc., 11.250%, 06/01/17, Callable 06/01/13 @ 105.62
    75       81  
MGM Mirage, Inc., 10.375%, 05/15/14(b)
    395       436  
MGM Mirage, Inc., 9.000%, 03/15/20, Callable 03/15/14 @ 104.50(b)
    90       93  
MTR Gaming Group, Inc., 12.625%, 07/15/14, Callable 07/15/11 @ 106.31(b)
    60       58  
Wynn Las Vegas LLC, 6.625%, 12/01/14, Callable 12/01/10 @ 102.21(d)
    80       80  
Wynn Las Vegas LLC, 7.875%, 11/01/17, Callable 11/01/13 @ 103.94(b)
    305       310  
                 
              1,288  
                 
Machinery Diversified (0.1%)
Altra Holdings, Inc., 8.125%, 12/01/16, Callable 12/01/12 @ 106.09(b)
    30       30  
Case New Holland, Inc., 7.750%, 09/01/13(b)
    20       21  
CPM Holdings, Inc., 10.625%, 09/01/14, Callable 09/01/12 @ 105.31(b)
    30       32  
Manitowoc Co., Inc. (The), 9.500%, 02/15/18, Callable 02/15/14 @ 104.75
    125       130  
 
See Notes to Financial Statements.


152


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Total Return Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Machinery Diversified—continued
                 
Terex Corp., 10.875%, 06/01/16, Callable 06/01/13 @ 105.44
    230       255  
                 
              468  
                 
Materials (0.7%)
Newmont Mining Corp., 6.250%, 10/01/39
    4,865       4,865  
Steel Dynamics, Inc., 7.750%, 04/15/16, Callable 04/15/12 @ 103.88(a)
    205       214  
Steel Dynamics, Inc., 7.625%, 03/15/20, Callable 03/15/15 @ 103.81(b)
    130       133  
                 
              5,212  
                 
Media (1.0%)
Clear Channel Worldwide Holdings, Inc., Ser A, 9.250%, 12/15/17, Callable 12/15/12 @ 106.94(b)
    50       52  
Clear Channel Worldwide Holdings, Inc., Ser B, 9.250%, 12/15/17, Callable 12/15/12 @ 106.94(b)
    275       287  
DISH DBS Corp., 7.875%, 09/01/19
    150       156  
EchoStar DBS Corp., 7.750%, 05/31/15
    70       73  
EchoStar DBS Corp., 7.125%, 02/01/16
    40       41  
Media General, Inc., 11.750%, 02/15/17, Callable 02/15/14 @ 105.88(b)
    130       128  
Mediacom Broadband LLC, 8.500%, 10/15/15, Callable 10/15/10 @ 104.25
    90       92  
Mediacom LLC/Capital Corp., 9.125%, 08/15/19, Callable 08/15/14 @ 104.56(b)
    95       98  
Salem Communications Corp., 9.625%, 12/15/16, Callable 12/15/13 @ 104.81
    95       99  
Sinclair Television Group, Inc., 9.250%, 11/01/17, Callable 11/01/13 @ 104.63(b)
    170       179  
Sirius XM Radio, Inc., 9.750%, 09/01/15, Callable 09/01/12 @ 104.88(b)
    50       54  
Sun Media Corp., 7.625%, 02/15/13, Calllable 2/15/11 @ 100
    11       11  
Thomson Reuters Corp., 5.950%, 07/15/13
    320       354  
Time Warner Cable, Inc., 8.250%, 02/14/14
    1,273       1,494  
Time Warner Cable, Inc., 5.850%, 05/01/17
    3,266       3,497  
Time Warner, Inc., 6.200%, 03/15/40
    470       464  
Univision Communications, Inc., 12.000%, 07/01/14, Callable 07/01/11 @ 106(b)
    40       44  
                 
              7,123  
                 
Metals (0.5%)
ArcelorMittal, 6.125%, 06/01/18
    1,662       1,745  
ArcelorMittal, 9.850%, 06/01/19
    1,168       1,484  
Barrick Gold Corp., 6.950%, 04/01/19
    497       569  
                 
              3,798  
                 
Miscellaneous Manufacturer (1.1%)
Bombardier, Inc., 8.000%, 11/15/14, Callable 11/15/10 @ 104(b)
    75       79  
Bombardier, Inc., 7.500%, 03/15/18(b)
    50       52  
Bombardier, Inc., 7.750%, 03/15/20(b)
    75       78  
General Electric Co., 5.000%, 02/01/13
    3,538       3,814  
General Electric Co., 5.250%, 12/06/17
    955       1,002  
Siemens Financierings NV, 6.125%, 08/17/26(b)
    989       1,052  
Wesfarmers Ltd., 6.998%, 04/10/13(b)
    1,634       1,785  
                 
              7,862  
                 
Oil & Gas (2.4%)
Antero Resources Finance Corp., 9.375%, 12/01/17, Callable 12/01/13 @ 104.69(b)
    180       185  
 
See Notes to Financial Statements.


153


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Total Return Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Oil & Gas—continued
                 
Aquilex Holdings LLC/Aquilex Finance, 11.125%, 12/15/16, Callable 12/15/13 @ 105.56(b)
    80       86  
Bill Barrett Corp., 9.875%, 07/15/16, Callable 07/15/13 @ 104.94
    100       108  
Chesapeake Energy Corp., 9.500%, 02/15/15
    175       190  
Chesapeake Energy Corp., 6.375%, 06/15/15, Callable 12/15/10 @ 102.125
    65       64  
Chesapeake Energy Corp., 6.500%, 08/15/17
    25       24  
Chesapeake Energy Corp., 7.250%, 12/15/18
    210       210  
Chesapeake Energy Corp., 6.875%, 11/15/20
    35       34  
Coffeyville Resources LLC, 9.000%, 04/01/15, Callable 04/01/12 @ 106.75^(b)
    110       112  
Coffeyville Resources LLC, 10.875%, 04/01/17, Callable 04/01/13 @ 108.16^(b)
    70       70  
Encore Acquisition Co., 9.500%, 05/01/16, Callable 05/01/13 @ 104.75
    75       81  
Halliburton Co., 6.150%, 09/15/19
    942       1,056  
Linn Energy LLC, 9.875%, 07/01/18, Callable 07/01/13 @ 104.94
    35       37  
Linn Energy LLC/Finance Corp., 8.625%, 04/15/20, Callable 04/15/15 @ 104.31^(b)
    190       190  
Niska Gas Storage Partners LLC, 8.875%, 03/15/18, Callable 03/15/14 @ 104.44(b)
    235       240  
OPTI Canada, Inc., 9.000%, 12/15/12, Callable 12/15/10 @ 102(b)
    110       113  
Penn Virginia Corp., 10.375%, 06/15/16, Callable 06/15/13 @ 105.19
    50       54  
Petrohawk Energy Corp., 9.125%, 07/15/13, Callable 07/15/10 @ 104.56
    225       235  
Pioneer Drilling Co., 9.875%, 03/15/18, Callable 03/15/14 @ 104.94(b)
    110       109  
Pioneer Natural Resources Co., 6.650%, 03/15/17
    65       65  
Plains Exploration & Production Co., 7.625%, 06/01/18, Callable 06/01/13 @ 103.81
    115       116  
Plains Exploration & Production Co., 8.625%, 10/15/19, Callable 10/15/14 @ 104.31
    30       32  
Praxair, Inc., 1.750%, 11/15/12
    3,449       3,454  
Praxair, Inc., 4.625%, 03/30/15
    1,881       2,005  
Range Resources Corp., 7.500%, 05/15/16, Callable 05/15/11 @ 103.75
    75       77  
RDS Ultra-Deepwater Ltd., 11.875%, 03/15/17, Callable 03/15/14 @ 105.94(b)
    90       92  
SandRidge Energy, Inc., 8.000%, 06/01/18, Callable 06/01/13 @ 104(b)
    170       162  
SandRidge Energy, Inc., 8.750%, 01/15/20, Callable 01/15/15 @ 104.38(b)
    125       122  
Shell International Finance BV, 6.375%, 12/15/38
    3,492       3,845  
Tesoro Corp., 9.750%, 06/01/19, Callable 06/01/14 @ 104.88
    55       58  
Transocean, Inc., 6.000%, 03/15/18
    522       568  
Transocean, Inc., 6.800%, 03/15/38
    1,175       1,319  
Weatherford International Ltd., 9.625%, 03/01/19
    1,046       1,324  
Weatherford International Ltd., 6.500%, 08/01/36
    884       878  
Western Refining, Inc., 10.750%, 06/15/14, Callable 12/15/11 @ 105(a)(b)
    35       32  
 
See Notes to Financial Statements.


154


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Total Return Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Oil & Gas—continued
                 
Western Refining, Inc., 11.250%, 06/15/17, Callable 06/15/13 @ 105.62(b)
    440       396  
                 
              17,743  
                 
Packaging & Containers (0.0%)
Graphic Packaging International, Inc., 9.500%, 08/15/13, Callable 08/15/10 @ 101.58
    85       87  
Graphic Packaging International, Inc., 9.500%, 06/15/17, Callable 06/15/13 @ 104.75
    40       43  
Plastipak Holdings, Inc., 10.625%, 08/15/19, Callable 08/15/14 @ 105.31(b)
    35       39  
Rock-Tenn Co., 9.250%, 03/15/16, Callable 03/15/12 @ 104.63(b)
    20       22  
                 
              191  
                 
Pharmaceuticals (2.2%)
Abbott Laboratories, 5.600%, 11/30/17
    2,541       2,797  
AstraZeneca PLC, 6.450%, 09/15/37
    2,426       2,700  
BioScrip, Inc., 10.250%, 10/01/15, Callable 04/01/13 @ 105.13(b)
    50       51  
Covidien International Finance SA, 6.000%, 10/15/17
    1,505       1,650  
Express Scripts, Inc., 5.250%, 06/15/12
    1,740       1,855  
GlaxoSmithKline Capital, Inc., 5.650%, 05/15/18
    1,655       1,797  
Novartis Securities Investment Ltd., 5.125%, 02/10/19
    894       947  
PharmaNet Development Group, Inc., 10.875%, 04/15/17, Callable 04/15/14 @ 105.44^(b)
    160       162  
Rite Aid Corp., 7.500%, 03/01/17, Callable 03/01/12 @ 103.75
    85       79  
Roche Holdings, Inc., 7.000%, 03/01/39(b)
    1,925       2,287  
Schering-Plough Corp., 6.550%, 09/15/37
    1,132       1,293  
Teva Pharmaceutical Finance LLC, 6.150%, 02/01/36
    638       662  
Valeant Pharmaceuticals International, 8.375%, 06/15/16, Callable 06/15/12 @ 104.19(b)
    40       42  
                 
              16,322  
                 
Pipelines (1.9%)
CenterPoint Energy Resources Corp., Ser B, 7.875%, 04/01/13
    1,376       1,576  
Copano Energy LLC, 8.125%, 03/01/16, Callable 03/01/11 @ 104.06
    110       112  
Dynegy Holdings, Inc., 7.500%, 06/01/15
    595       494  
Dynegy Holdings, Inc., 7.750%, 06/01/19
    130       98  
El Paso Corp., 7.875%, 06/15/12
    230       244  
El Paso Corp., 7.000%, 06/15/17
    35       36  
El Paso Corp., 7.250%, 06/01/18
    15       15  
El Paso Corp., MTN, 8.250%, 02/15/16
    100       107  
El Paso Corp., Ser G, MTN, 8.050%, 10/15/30
    30       30  
El Paso Corp., Ser G, MTN, 7.800%, 08/01/31
    35       34  
El Paso Corp., Ser G, MTN, 7.750%, 01/15/32
    275       270  
El Paso Natural Gas, 5.950%, 04/15/17
    473       493  
Energy Transfer Partners LP, 9.000%, 04/15/19
    1,616       1,984  
Energy Transfer Partners LP, 7.500%, 07/01/38
    961       1,076  
Enterprise Products Operating LP, 5.250%, 01/31/20
    2,522       2,545  
Enterprise Products Operating LP, Ser B, 5.750%, 03/01/35
    944       888  
MarkWest Energy Partners LP, Ser B, 8.750%, 04/15/18, Callable 04/15/13 @ 104.38
    350       359  
 
See Notes to Financial Statements.


155


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Total Return Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Pipelines—continued
                 
Regency Energy Partners LP, 9.375%, 06/01/16, Callable 06/01/13 @ 104.69(b)
    60       64  
Rockies Express Pipeline LLC, 6.850%, 07/15/18(b)
    1,099       1,194  
Southern Natural Gas Co., 5.900%, 04/01/17(b)
    369       384  
TransCanada Pipelines, 7.625%, 01/15/39
    1,276       1,555  
Transcontinental Gas Pipeline Corp., 6.050%, 06/15/18
    365       397  
                 
              13,955  
                 
Real Estate Investment Trusts (0.5%)
Digital Realty Trust LP, 5.875%, 02/01/20(b)
    539       527  
FelCor Lodging LP, 10.000%, 10/01/14(d)
    60       62  
Healthcare Realty Trust, Inc., 6.500%, 01/17/17
    2,620       2,688  
Host Hotels & Resorts LP, 9.000%, 05/15/17, Callable 05/15/13 @ 104.50(b)
    200       216  
Reckson Operating Partnership LP, 7.750%, 03/15/20(b)
    145       147  
                 
              3,640  
                 
Retail (1.2%)
Ferrellgas Partners LP, 9.125%, 10/01/17, Callable 10/01/13 @ 104.56(b)
    30       31  
Macy’s Retail Holdings, Inc., 5.875%, 01/15/13
    20       21  
Macy’s Retail Holdings, Inc., 5.750%, 07/15/14
    100       102  
Macy’s Retail Holdings, Inc., 5.900%, 12/01/16
    525       524  
QVC, Inc., 7.500%, 10/01/19, Callable 10/01/14 @ 103.75(b)
    80       82  
Tesco PLC, 5.500%, 11/15/17(b)
    1,963       2,103  
Toys “R” Us Property Co. LLC, 10.750%, 07/15/17, Callable 07/15/13 @ 105.38(b)
    110       123  
Toys “R” Us Property Co. LLC, 8.500%, 12/01/17, Callable 12/01/13 @ 104.25(b)
    290       301  
Wal-Mart Stores, Inc., 5.250%, 09/01/35
    425       406  
Wal-Mart Stores, Inc., 6.500%, 08/15/37
    4,560       5,055  
                 
              8,748  
                 
Semiconductors (0.0%)
Advanced Micro Devices, Inc., 8.125%, 12/15/17, Callable 12/15/13 @ 104.06(b)
    35       36  
Amkor Technologies, Inc., 9.250%, 06/01/16, Callable 06/01/11 @ 104.63
    190       201  
                 
              237  
                 
Software (0.3%)
Oracle Corp., 5.750%, 04/15/18
    1,884       2,066  
                 
Telecommunication Services (3.7%)
AT&T, Inc., 4.950%, 01/15/13
    1,499       1,610  
AT&T, Inc., 5.100%, 09/15/14
    1,599       1,730  
AT&T, Inc., 6.450%, 06/15/34
    786       802  
CC Holdings GS V LLC, 7.750%, 05/01/17, Callable 05/01/13 @ 103.88(b)
    1,494       1,628  
Cellco Partnership/Verizon Wireless, 5.550%, 02/01/14
    1,362       1,488  
Cincinnati Bell, Inc., 8.250%, 10/15/17, Callable 10/15/13 @ 104.13
    180       182  
Cisco Systems, Inc., 5.500%, 02/22/16
    1,308       1,458  
Cisco Systems, Inc., 4.450%, 01/15/20
    512       509  
Cisco Systems, Inc., 5.500%, 01/15/40
    2,265       2,172  
Clearwire Communication LLC/Finance, Inc., 12.000%, 12/01/15, Callable 12/01/12 @ 106(b)
    10       10  
Comcast Corp., 6.450%, 03/15/37
    780       794  
Cricket Communications, Inc., 7.750%, 05/15/16, Callable 05/15/12 @ 105.81
    5       5  
DigitalGlobe, Inc., 10.500%, 05/01/14, Callable 05/01/12 @ 105.25(b)
    160       172  
 
See Notes to Financial Statements.


156


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Total Return Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Telecommunication Services—continued
                 
Frontier Communications Corp., 8.250%, 05/01/14
    110       115  
GeoEye, Inc., 9.625%, 10/01/15, Callable 10/01/13 @ 104.81(b)
    225       230  
Global Crossing (UK) Finance PLC, 10.750%, 12/15/14, Callable 12/15/10 @ 103.58
    75       79  
Global Crossing Ltd., 12.000%, 09/15/15, Callable 09/15/12 @ 106(b)
    240       266  
Hughes Network Systems LLC/HNS Finance Corp., 9.500%, 04/15/14, Callable 04/15/10 @ 104.75
    50       51  
Inmarsat Finance PLC, 7.375%, 12/01/17, Callable 12/01/13 @ 103.69(b)
    100       104  
Intelsat Jackson Holdings Ltd., 8.500%, 11/01/19, Callable 11/01/14 @ 104.25(b)
    600       630  
Intelsat Subsidiary Holding Co. Ltd., 8.500%, 01/15/13, Callable 04/30/10 @ 102.13
    170       173  
Level 3 Financing, Inc., 9.250%, 11/01/14, Callable 11/01/10 @ 104.63
    45       44  
Level 3 Financing, Inc., 8.750%, 02/15/17, Callable 02/15/12 @ 104.38
    135       124  
Level 3 Financing, Inc., 10.000%, 02/01/18, Callable 02/01/14 @ 105(b)
    415       396  
Nextel Communications, Inc., Ser D, 7.375%, 08/01/15, Callable 08/01/10 @ 100.92
    585       556  
Nextel Communications, Inc., Ser E, 6.875%, 10/31/13, Callable 10/31/10 @ 100.86
    40       39  
NII Capital Corp., 8.875%, 12/15/19, Callable 12/15/14 @ 104.44(b)
    155       160  
Paetec Holding Corp., 8.875%, 06/30/17, Callable 06/30/13 @ 104.44
    40       41  
Qwest Communications International, Inc., 8.000%, 10/01/15, Callable 10/01/12 @ 104(b)
    355       378  
Qwest Communications International, Inc., 7.125%, 04/01/18, Callable 04/01/13 @ 103.56(b)
    295       305  
Qwest Corp., 7.250%, 10/15/35, Callable 10/15/15 @ 101.94
    100       97  
Rogers Wireless, Inc., 7.500%, 03/15/15
    919       1,073  
Sable International Finance Ltd., 7.750%, 02/15/17, Callable 02/15/14 @ 103.88(b)
    100       104  
Sprint Capital Corp., 8.750%, 03/15/32
    320       297  
Sprint Nextel Corp., 8.375%, 08/15/17
    75       75  
Verizon Communications, Inc., 5.250%, 04/15/13
    1,081       1,181  
Verizon Communications, Inc., 5.550%, 02/15/16
    1,363       1,490  
Verizon Communications, Inc., 8.950%, 03/01/39
    1,493       2,025  
Viasat, Inc., 8.875%, 09/15/16, Callable 09/15/12 @ 106.66(b)
    325       332  
Virgin Media Finance PLC, 8.750%, 04/15/14, Callable 04/15/10 @ 102.92
    29       30  
Virgin Media Finance PLC, 8.375%, 10/15/19, Callable 10/15/14 @ 104.19
    150       154  
Virgin Media Finance PLC, Ser 1, 9.500%, 08/15/16, Callable 08/15/13 @ 104.75
    100       109  
Vodafone Group PLC, 5.500%, 06/15/11
    2,207       2,314  
Wind Acquisition Finance SA, 12.000%, 12/01/15, Callable 12/01/10 @ 105.38(b)
    175       189  
Wind Acquisition Finance SA, 11.750%, 07/15/17, Callable 07/15/13 @ 105.88(b)
    210       232  
 
See Notes to Financial Statements.


157


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Total Return Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Telecommunication Services—continued
                 
Wind Acquisition Finance SA, 12.250%, 07/15/17, Callable 07/15/13 @ 106.12(b)
    725       718  
Windstream Corp., 8.625%, 08/01/16, Callable 08/01/11 @ 104.31
    65       67  
Windstream Corp., 7.875%, 11/01/17
    130       128  
                 
              26,866  
                 
Transportation (0.8%)
General Maritime Corp., 12.000%, 11/15/17, Callable 11/15/13 @ 106(b)
    70       75  
Martin Midstream Partners LP/Finance Corp., 8.875%, 04/01/18, Callable 04/01/14 @ 104.44(b)
    100       101  
Overseas Shipholding Group, Inc., 8.125%, 03/30/18
    90       89  
Paccar, Inc., 6.375%, 02/15/12
    1,275       1,384  
RailAmerica, Inc., 9.250%, 07/01/17, Calllable 07/01/13 @ 104.63
    240       256  
Royal Caribbean Cruises Ltd., 8.750%, 02/02/11
    15       16  
Royal Caribbean Cruises Ltd., 7.000%, 06/15/13
    5       5  
Royal Caribbean Cruises Ltd., 6.875%, 12/01/13
    10       10  
Royal Caribbean Cruises Ltd., 11.875%, 07/15/15
    105       124  
Teekay Corp., 8.500%, 01/15/20
    95       99  
Union Pacific Corp., 7.875%, 01/15/19
    3,217       3,865  
                 
              6,024  
                 
Total Corporate Bonds
            237,521  
                 
Convertible Corporate Bonds (0.1%)
Diversified Financial Services (0.1%)
AmeriCredit Corp., 0.750%, 09/15/11
    110       110  
Jefferies Group, Inc., 3.875%, 11/01/29, Callable 11/01/17 @ 100
    70       70  
                 
Total Convertible Corporate Bonds
            180  
                 
U.S. Government Agency Mortgages (24.5%)
Federal Home Loan Mortgage Corporation (6.0%)
4.500%, 06/01/19
    389       409  
4.500%, 07/01/19
    5,320       5,592  
4.500%, 02/01/20
    667       702  
5.500%, 07/15/34
    1,953       1,943  
6.000%, 02/01/37
    2,082       2,239  
6.500%, 06/01/38
    2,057       2,238  
5.500%, 04/15/40^
    18,056       19,066  
6.000%, 05/15/40, TBA^
    10,054       10,753  
                 
              42,942  
                 
Federal National Mortgage Association (18.5%)
5.500%, 09/01/19
    1,710       1,843  
4.500%, 12/01/20
    6,293       6,537  
5.000%, 01/01/22
    2,421       2,565  
5.000%, 05/01/23
    2,169       2,307  
5.500%, 01/01/24
    593       630  
4.500%, 01/01/25
    2,621       2,723  
6.000%, 02/01/28
    1,011       1,079  
6.000%, 10/01/28
    3,464       3,697  
5.000%, 11/01/29
    11,995       12,477  
5.000%, 03/01/30
    5,556       5,779  
5.500%, 09/01/34
    9,360       9,913  
6.000%, 10/01/35
    2,024       2,152  
6.000%, 12/01/35
    468       498  
6.500%, 09/01/36
    186       204  
6.500%, 09/01/38
    5,778       6,268  
6.500%, 06/25/40, TBA^
    72,274       77,875  
                 
              136,547  
                 
Total U.S. Government Agency Mortgages
            179,489  
                 
U.S. Treasury Obligations (31.6%)
U.S. Treasury Bonds (2.2%)
6.875%, 08/15/25(f)
    6,543       8,362  
4.375%, 11/15/39
    8,500       8,038  
                 
              16,400  
                 
U.S. Treasury Notes (29.4%)
2.125%, 04/30/10(f)
    38,266       38,326  
2.875%, 06/30/10(f)
    45,986       46,293  
2.125%, 11/30/14
    16,852       16,631  
3.750%, 11/15/18(f)
    65,525       66,021  
3.625%, 02/15/20(f)
    49,117       48,280  
                 
              215,551  
                 
Total U.S. Treasury Obligations
            231,951  
                 
Preferred Stock (0.0%)
Diversified Financial Services (0.0%)
Citigroup Capital XII, 8.500%, Callable 03/30/15 @ 25
    4,000       100  
                 
Total Preferred Stock
            100  
                 
                 
 
See Notes to Financial Statements.


158


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Total Return Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Units (0.0%)
Commercial Services (0.0%)
Alion Science & Technology Corp.(g)
    50       51  
                 
Information Technology (0.0%)
Stratus Technologies, Inc.,^(b)(h)
    60       58  
                 
Total Units
            109  
                 
Short-Term Investment (0.1%)
RidgeWorth Funds Securities Lending Joint Account(i)(j)
    970       970  
                 
Total Short-Term Investment
            970  
                 
Money Market Fund (16.8%)
RidgeWorth Institutional Cash Management Money Market Fund(j)
    123,510,231       123,510  
                 
Total Money Market Fund
            123,510  
                 
Total Investments (Cost $819,456)(k) — 114.6%
            840,773  
Liabilities in excess of other assets — (14.6)%
            (106,935 )
                 
Net Assets — 100.0%
          $ 733,838  
                 
 
 
 ^ Denotes security purchased on a when-issued or delayed-delivery basis.
 
(a) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(b) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/
subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 6.8% of net assets as of March 31, 2010.
 
(c) Step bond. The rate shown is the rate in effect as of March 31, 2010.
 
(d) This security or a partial position of the security was on loan as of March 31, 2010. The total value of securities on loan as of March 31, 2010, in thousands, was $931.
 
(e) Perpetual maturity.
 
(f) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(g) Each unit consists of $1,000 principal amount of 12.000% senior secured notes due on November 1, 2014 and one warrant to purchase 1.9439 shares of common stock.
 
(h) Each unit consists of $480 principal amount of 12.000% senior secured notes of Stratus Technologies Bermuda, Ltd. due on March 29, 2015, $520 principal amount of 12.000% senior secured notes of Stratus Technologies Inc. due on March 29, 2015, 20.61 shares of common stock and 4.69 shares of preferred stock.
 
(i) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2010 (See Notes to Financial Statements).
 
(j) Affiliated investment.
 
(k) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
MTN
— Medium Term Note
 
PIK — Payment in-kind
 
TBA — To Be Announced. Securities purchased on a forward commitment basis with an appropriate principal amount and no definitive maturity date. The actual principal and maturity date will be determined upon settlement date.
 
See Notes to Financial Statements.


159


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)

Total Return Bond Fund — concluded
 
Credit Default Swap Agreements — Buy Protection
 
                                                     
                    Upfront
      Unrealized
        Notional
  Fixed
  Expiration
  Payments
      Appreciation/
Underlying Instrument
  Counterparty   Amount($)   Rate(%)   Date   Made (Received)($)   Value($)   Depreciation($)
Allstate Corp. 
  JPMorgan     4,055       1.00       06/20/15       (52 )     (64 )     (12 )
Bristol-Myers Squibb Co. 
  JPMorgan     4,055       1.00       06/20/15       (109 )     (106 )     3  
Citibank N.A.
  Credit Suisse First Boston     4,145       1.00       06/20/15       116       107       (9 )
Emerging Markets CDX Indices, Series 12
  JPMorgan     6,005       5.00       12/20/14       (621 )     (702 )     (81 )
Emerging Markets CDX Indices, Series 12
  Barclays Bank PLC     566       5.00       12/20/14       (57 )     (66 )     (9 )
Emerging Markets CDX Indices, Series 12
  Morgan Stanley     3,095       5.00       12/20/14       (313 )     (362 )     (49 )
Emerging Markets CDX Indices, Series 12
  Barclays Bank PLC     13,025       5.00       12/20/14       (1,348 )     (1,524 )     (176 )
Kingdom of Belgium
  Deutsche Bank     1,675       1.00       09/20/15       (40 )     (37 )     3  
Kingdom of Norway
  Morgan Stanley     1,749       0.25       06/20/15       (8 )     (7 )     1  
Kingdom of Norway
  Goldman Sachs     1,749       0.25       09/20/15       (5 )     (7 )     (2 )
    Credit Suisse First                                                
Kingdom of Spain
  Boston     7,510       1.00       06/20/15       (9 )     66       75  
Kingdom of Spain
  Deutsche Bank     7,950       1.00       06/20/15       (3 )     69       72  
Kingdom of Spain
  Morgan Stanley     1,205       1.00       06/20/15       (11 )     11       22  
Kingdom of Spain
  Morgan Stanley     5,005       1.00       06/20/15       (9 )     44       53  
Monsanto Co. 
  JPMorgan     4,055       1.00       06/20/15       (89 )     (97 )     (8 )
Republic of Ireland
  Morgan Stanley     7,950       1.00       06/20/15       73       174       101  
Republic of Ireland
  JPMorgan     7,510       1.00       06/20/15       15       164       149  
Republic of Ireland
  Morgan Stanley     7,715       1.00       06/20/15       67       169       102  
Republic of Ireland
  Morgan Stanley     1,827       1.00       06/20/15       61       40       (21 )
Republic of Portugal
  Barclays Bank PLC     7,510       1.00       06/20/15       67       159       92  
Republic of Portugal
  Goldman Sachs     14,505       1.00       06/20/15       122       307       185  
Republic of Portugal
  Deutsche Bank     7,950       1.00       06/20/15       64       168       104  
Republic of Portugal
  Deutsche Bank     3,485       1.00       09/20/15       33       77       44  
                                                     
                                  (2,056 )     (1,417 )     639  
                                                     
 
As the buyer of protection, the Funds pays periodic fees in return for payment by the seller which is contingent upon an adverse credit event occurring in the underlying issuer or reference entity.
 
At March 31, 2010, liquid assets totaling $353, in thousands, have been designated as collateral for open swap agreements.
 
The value column indicates the impact each respective swap agreement has on the Fund’s Net Assets at March 31, 2010.
 
The notional amount of Credit Default Swap contracts totaled $124,296, in thousands, as of March 31, 2010. The monthly average notional amount for Credit Default Swap contracts totaled $66,901, in thousands, for the year ended March 31, 2010.
 
Forward Foreign Currency Contracts
 
At March 31, 2010, the Fund’s forward foreign currency contracts were as follows:
 
                                         
        Contract
           
        Amount
  Contract
      Unrealized
    Delivery
  in Local
  Value in
  Market
  Appreciation/
Currency
  Date   Currency   USD($)   Value($)   (Depreciation)($)
 
Short:
                                       
Colombian Peso
    04/08/10       233,181       117       121       (4 )
Czech Republic Koruna
    05/24/10       3,085       165       164       1  
Euro
    05/10/10       13,666       18,710       18,458       252  
Euro
    05/17/10       11,314       15,399       15,280       119  
Euro
    05/17/10       316       430       426       4  
Euro
    05/17/10       129       177       174       3  
Euro
    06/07/10       10,798       14,791       14,583       208  
Euro
    05/17/10       124       170       168       2  
Euro
    05/17/10       2,430       3,309       3,281       28  
Hungarian Forint
    05/05/10       44,726       229       227       2  
Japanese Yen
    06/07/10       653,407       7,395       6,993       402  
Japanese Yen
    06/07/10       30,125       340       322       18  
                                         
Total Short Contracts
                  $ 61,231     $ 60,197     $ 1,035  
                                         
Long:
                                       
Colombian Peso
    04/08/10       233,181       121       121        
                                         
Total Long Contracts
                  $ 121     $ 121     $  
                                         
The total amount of USD forward foreign currency contracts outstanding was $61,110, in thousands, as of March 31, 2010. The monthly average of USD forward foreign currency contract trading activity was $31,284, in thousands, for the year ended March 31, 2010.
 
See Notes to Financial Statements.


160


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Ultra-Short Bond Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Asset-Backed Securities (6.8%)
Automobiles (2.9%)
BMW Vehicle Lease Trust, Ser 2009-1, Cl A2, 2.040%, 04/15/11
    176       176  
Ford Credit Auto Owner Trust, Ser 2009-B, Cl A2, 2.100%, 11/15/11
    902       906  
Ford Credit Auto Owner Trust, Ser 2009-D, Cl A3, 2.170%, 10/15/13
    155       157  
Ford Credit Auto Owner Trust, Ser 2009-E, Cl A2, 0.800%, 03/15/12
    780       781  
Honda Auto Receivables Owner Trust, Ser 2009-3, Cl A2, 1.500%, 08/15/11
    350       351  
Nissan Auto Lease Trust, Ser 2009-B, Cl A2, 1.220%, 09/15/11
    270       271  
                 
              2,642  
                 
Credit Card (3.9%)
American Express Credit Account Master Trust, Ser 2009-1, Cl A, 1.580%, 12/15/14(a)
    1,100       1,125  
Chase Issuance Trust, Ser 2005-A2, Cl A2, 0.300%, 12/15/14(a)
    905       901  
Discover Card Master Trust, Ser 2008-A3, Cl A3, 5.100%, 10/15/13
    400       417  
Discover Card Master Trust, Ser 2009-A1, Cl A1, 1.530%, 12/15/14(a)
    780       788  
GE Capital Credit Card Master Note Trust, Ser 2009-3, Cl A, 2.540%, 09/15/14
    385       390  
                 
              3,621  
                 
Total Asset-Backed Securities
            6,263  
                 
Certificate of Deposit (0.8%)
Banks (0.8%)
Deutsche Bank NY, 0.551%, 01/19/12(a)
    750       750  
                 
Total Certificates of Deposit
            750  
                 
Collateralized Mortgage Obligations (22.4%)
Adjustable Rate Mortgage Trust, Ser 2005-4, Cl 3A1, 4.933%, 08/25/35(a)
    244       212  
Adjustable Rate Mortgage Trust, Ser 2005-7, Cl 7A21, 0.496%, 10/25/35(a)
    222       145  
Banc of America Commercial Mortgage, Inc., Ser 2003-1, Cl A1, 3.878%, 09/11/36
    197       200  
Banc of America Commercial Mortgage, Inc., Ser 2004-3, Cl A4, 5.176%, 06/10/39
    650       662  
Banc of America Mortgage Securities, Ser 2003-F, Cl 1A1, 4.123%, 07/25/33(a)
    651       596  
Bear Stearns Commercial Mortgage Securities, Ser 2005-T20, Cl A1, 4.940%, 10/12/42
    76       76  
Citicorp Mortgage Securities, Inc., Ser 2003-11, Cl 2A8, 5.500%, 12/25/33
    422       426  
Citicorp Mortgage Securities, Inc., Ser 2005-5, Cl 2A3, 5.000%, 08/25/20
    143       142  
Citigroup Commercial Mortgage Trust, Ser 2004-C1, Cl A3, 5.251%, 04/15/40(a)
    275       286  
Commercial Mortgage Pass-Through Certificates, Ser 2001-J2A, Cl A2, 6.096%, 07/16/34(b)
    3,315       3,476  
CS First Boston Mortgage Securities Corp., Ser 2004-1, Cl 4A1, 5.000%, 02/25/19
    393       395  
CS First Boston Mortgage Securities Corp., Ser 2004-C3, Cl A3, 4.300%, 07/15/36
    210       210  
FDIC Structured Sale Guaranteed Notes, Ser 2010-L2A, Cl A, 3.000%, 09/30/19(b)
    245       244  
Federal Home Loan Bank, Ser 5G-2012, Cl 1, 4.970%, 02/24/12
    158       166  
Federal Home Loan Mortgage Corporation, Ser 2892, Cl F, 0.530%, 01/15/19(a)
    384       382  
Federal Home Loan Mortgage Corporation, Ser 3200, Cl FP, 0.430%, 08/15/36(a)
    971       970  
Federal National Mortgage Association, Ser 1997-M9, Cl C, 6.520%, 07/25/16
    250       266  
 
See Notes to Financial Statements.


161


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Ultra-Short Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Collateralized Mortgage Obligations—continued
                 
Federal National Mortgage Association, Ser 2003-35, Cl KA, 4.000%, 04/25/17
    275       283  
Federal National Mortgage Association, Ser 2003-52, Cl FV, 1.246%, 05/25/31(a)
    280       280  
Federal National Mortgage Association, Ser 2005-92, Cl UF, 0.596%, 10/25/25(a)
    419       413  
Federal National Mortgage Association, Ser 2007-109, Cl NF, 0.796%, 12/25/37(a)
    1,744       1,744  
Federal National Mortgage Association, Ser 2009-37, Cl HA, 4.000%, 04/25/19
    207       215  
First Horizon Alternative Mortgage Securities, Ser 2005-AA7, Cl 2A1, 5.387%, 09/25/35(a)
    336       242  
First Horizon Mortgage Pass-Through Trust, Ser 2004-AR4, Cl 2A1, 3.154%, 08/25/34(a)
    551       527  
First Union National Bank Commercial Mortgage, Ser 2000-C2, Cl A2, 7.202%, 10/15/32
    932       942  
GE Capital Commercial Mortgage Corp., Ser 2001-2, Cl A2, 5.850%, 08/11/33
    90       90  
GMAC Commercial Mortgage Securities, Inc., Ser 2004-C2, Cl A2, 4.760%, 08/10/38
    192       196  
Government National Mortgage Association, Ser 2004-60, Cl B, 4.828%, 03/16/23
    767       781  
Government National Mortgage Association, Ser 2008-5, Cl FA, 0.740%, 01/20/38(a)
    1,515       1,515  
Greenwich Capital Commercial Funding Corp., Ser 2004-GG1, Cl A3, 4.344%, 06/10/36
    36       36  
Greenwich Capital Commercial Funding Corp., Ser 2005-GG3, Cl A2, 4.305%, 08/10/42
    193       196  
Greenwich Capital Commercial Funding Corp., Ser 2005-GG5, Cl A2, 5.117%, 04/10/37
    224       228  
JPMorgan Chase Commercial Mortgage Securities, Ser 2004-CBX, Cl A3, 4.184%, 01/12/37
    198       199  
LB Commercial Conduit Mortgage Trust, Ser 1998-C1, Cl D, 6.980%, 02/18/30
    309       313  
LB-UBS Commercial Mortgage Trust, Ser 2002-C4, Cl A3, 4.071%, 09/15/26
    246       253  
LB-UBS Commercial Mortgage Trust, Ser 2003-C8, Cl A2, 4.207%, 11/15/27
    238       239  
LB-UBS Commercial Mortgage Trust, Ser 2004-C4, Cl A2, 4.567%, 06/15/29(a)
    842       854  
LB-UBS Commercial Mortgage Trust, Ser 2004-C8, Cl A2, 4.201%, 12/15/29
    663       670  
LB-UBS Commercial Mortgage Trust, Ser 2005-C1, Cl A2, 4.310%, 02/15/30
    92       92  
Provident Funding Mortgage Loan Trust, Ser 2004-1, Cl 1A1, 2.846%, 04/25/34(a)
    335       322  
Thornburg Mortgage Securities Trust, Ser 2006-6, Cl A1, 0.356%, 11/25/46(a)
    226       221  
Wells Fargo Mortgage Backed Securities Trust, Ser 2003-I, Cl A1, 4.561%, 09/25/33(a)
    459       460  
Wells Fargo Mortgage Backed Securities Trust, Ser 2006-AR8, Cl 2A4, 5.132%, 04/25/36(a)
    305       277  
Wells Fargo Mortgage Backed Securities Trust, Ser 2006-AR8, Cl 3A1, 5.206%, 04/25/36(a)
    334       283  
                 
Total Collateralized Mortgage Obligations
            20,725  
                 
Corporate Bonds (30.8%)
Auto Parts & Equipment (0.2%)
Johnson Controls, Inc., 5.250%, 01/15/11(c)
    150       155  
                 
Banks (7.5%)
American Express Bank FSB, 0.359%, 05/29/12(a)
    450       444  
Banco Santander Central Hispano Issuances Ltd., 7.625%, 09/14/10
    485       499  
Bank of America Corp., Ser L, 3.125%, 06/15/12, MTN
    205       213  
Bank of New York Mellon Corp. (The), 5.125%, 08/27/13, MTN
    175       191  
 
See Notes to Financial Statements.


162


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Ultra-Short Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Banks—continued
                 
Bank of New York Mellon Corp. (The), Ser G, 0.349%, 03/23/12, MTN(a)
    270       268  
Bank of New York Mellon Corp. (The), Ser G, MTN, 0.303%, 06/29/10(a)(d)
    375       375  
Bank of Nova Scotia, 2.250%, 01/22/13
    265       267  
Bank One Corp., 5.900%, 11/15/11
    275       293  
Barclays Bank PLC, 2.500%, 01/23/13
    250       250  
BB&T Corp., 3.850%, 07/27/12, MTN
    230       240  
Capital One Financial Corp., 5.700%, 09/15/11, MTN
    315       329  
Deutsche Bank AG, 4.875%, 05/20/13
    415       445  
PNC Funding Corp., 1.875%, 06/22/11
    175       177  
PNC Funding Corp., 0.389%, 01/31/12(a)
    819       813  
State Street Corp., 0.349%, 04/30/12(a)
    400       399  
Wachovia Corp., 5.300%, 10/15/11
    380       402  
Wachovia Corp., 0.379%, 04/23/12(a)
    650       643  
Wells Fargo & Co., 3.000%, 12/09/11
    120       124  
Westpac Banking Corp., 0.549%, 10/21/11(a)(b)
    550       550  
                 
              6,922  
                 
Beverages (0.5%)
Anheuser-Busch InBev Worldwide, Inc., 1.015%, 03/26/13(a)(b)
    450       451  
                 
Building Materials (0.1%)
CRH America, Inc., 6.950%, 03/15/12
    125       136  
                 
Chemicals (0.5%)
Dow Chemical Co. (The), 4.850%, 08/15/12
    110       116  
Potash Corp. of Saskatchewan, Inc., 7.750%, 05/31/11
    175       188  
Potash Corp. of Saskatchewan, Inc., 4.875%, 03/01/13
    130       138  
                 
              442  
                 
Computers (1.5%)
IBM Corp., Ser FRN, 0.290%, 11/04/11(a)
    1,395       1,396  
                 
Consumer Staples (1.0%)
Kellogg Co., Ser B, 6.600%, 04/01/11
    250       264  
Kraft Foods, Inc., 5.625%, 11/01/11
    260       276  
Yum! Brands, Inc., 8.875%, 04/15/11
    350       375  
                 
              915  
                 
Diversified Financial Services (9.3%)
BlackRock, Inc., 2.250%, 12/10/12
    190       191  
BP Capital Markets PLC, 5.250%, 11/07/13
    200       220  
Caterpillar Financial Services Corp., 1.001%, 06/24/11, MTN(a)
    850       857  
Caterpillar Financial Services Corp., 5.750%, 02/15/12, MTN
    385       416  
CME Group, Inc., 0.899%, 08/06/10(a)
    770       772  
Credit Suisse (USA), Inc., 0.450%, 08/16/11(a)
    650       650  
Credit Suisse (USA), Inc., 6.500%, 01/15/12
    665       723  
General Electric Capital Corp., Ser A, 0.379%, 11/01/12, MTN(a)
    1,415       1,387  
Goldman Sachs Group, Inc. (The), 0.429%, 02/06/12(a)
    1,070       1,064  
Goldman Sachs Group, Inc. (The), 5.450%, 11/01/12
    150       162  
JPMorgan Chase & Co., 2.200%, 06/15/12
    500       510  
JPMorgan Chase & Co., 5.750%, 01/02/13
    395       429  
JPMorgan Chase & Co., 0.902%, 02/26/13, MTN(a)
    545       548  
Morgan Stanley, 5.300%, 03/01/13
    155       165  
Morgan Stanley, Ser F, 0.499%, 01/09/12, MTN(a)
    210       208  
Westpac Banking Corp., 2.250%, 11/19/12
    125       126  
Woodside Finance Ltd., 4.500%, 11/10/14(b)
    160       164  
                 
              8,592  
                 
                 
 
See Notes to Financial Statements.


163


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Ultra-Short Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Electric (0.5%)
Dominion Resources, Inc., Ser B, 6.250%, 06/30/12
    90       98  
FPL Group Capital, Inc., 5.625%, 09/01/11
    390       412  
                 
              510  
                 
Industrials (0.6%)
Dover Corp., 6.500%, 02/15/11
    225       236  
Ingersoll-Rand Global Holding Co., Ltd., 1.750%, 08/13/10(a)
    305       307  
                 
              543  
                 
Information Technology (1.5%)
Hewlett-Packard Co., 1.302%, 05/27/11(a)
    960       971  
Hewlett-Packard Co., 5.250%, 03/01/12
    340       365  
                 
              1,336  
                 
Insurance (2.1%)
Berkshire Hathaway, Inc., Ser 0001, 0.680%, 02/11/13(a)
    1,340       1,345  
Met Life Global Funding I, 2.157%, 06/10/11(a)(b)
    475       483  
New York Life Global Funding, 4.650%, 05/09/13(b)
    120       128  
                 
              1,956  
                 
Media (1.2%)
Comcast Cable Communication, Inc., 6.750%, 01/30/11
    250       261  
Cox Communications, Inc., 7.750%, 11/01/10
    175       181  
News America Holdings, Inc., 9.250%, 02/01/13
    257       302  
Time Warner, Inc., 6.875%, 05/01/12
    100       110  
Time Warner, Inc., 5.400%, 07/02/12
    200       215  
                 
              1,069  
                 
Metals (0.2%)
Rio Tinto Alcan, Inc., 4.875%, 09/15/12
    150       159  
                 
Oil & Gas (0.7%)
Devon Financing Corp. ULC, 6.875%, 09/30/11
    250       270  
Weatherford International, Inc., 5.950%, 06/15/12
    200       216  
XTO Energy, Inc., 5.000%, 08/01/10
    200       203  
                 
              689  
                 
Pipelines (0.6%)
CenterPoint Energy Resources Corp., 7.750%, 02/15/11
    185       195  
DCP Midstream LLC, 7.875%, 08/16/10
    124       127  
Plains All America Pipeline LP, 4.250%, 09/01/12
    200       208  
                 
              530  
                 
Retail (0.3%)
CVS Caremark Corp., 1.754%, 09/10/10(a)
    245       246  
                 
Telecommunication Services (1.3%)
France Telecom SA, 7.750%, 03/01/11(e)
    600       637  
Rogers Wireless, Inc., 9.625%, 05/01/11
    230       249  
Telefonica Emisiones S.A.U., 5.984%, 06/20/11
    170       179  
Telefonica Emisiones S.A.U., 5.855%, 02/04/13
    170       185  
                 
              1,250  
                 
Transportation (0.2%)
Union Pacific Corp., 6.650%, 01/15/11
    200       208  
                 
Utilities (1.0%)
Southern Co., 0.649%, 10/21/11(a)
    400       402  
Southern Co., Ser 08-A, 0.969%, 08/20/10(a)
    555       557  
                 
              959  
                 
Total Corporate Bonds
            28,464  
                 
U.S. Government Agencies (9.8%)
Federal Home Loan Mortgage Corporation (8.6%)
0.105%, 04/06/10(f)
    2,100       2,100  
1.700%, 06/29/11, Callable 06/29/10 @ 100
    850       852  
1.625%, 08/11/11, Callable 05/11/10 @ 100
    825       826  
1.500%, 01/19/12, Callable 04/19/10 @ 100
    925       925  
0.190%, 02/16/12(a)
    1,500       1,498  
2.050%, 05/11/12, Callable 05/11/10 @ 100
    750       751  
2.350%, 08/27/12, Callable 08/27/10 @ 100
    625       630  
1.700%, 12/17/12, Callable 12/17/10 @ 100
    425       424  
                 
              8,006  
                 
                 
 
See Notes to Financial Statements.


164


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Ultra-Short Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Federal National Mortgage Association (1.2%)
2.250%, 04/09/12, Callable 04/09/10 @ 100
    1,075       1,076  
                 
Total U.S. Government Agencies
            9,082  
                 
U.S. Government Agency Mortgages (26.0%)
Federal Home Loan Mortgage Corporation (7.3%)
4.375%, 04/15/15
    167       171  
4.000%, 05/15/15
    165       166  
5.500%, 04/15/26
    79       81  
2.804%, 04/01/34(a)
    90       92  
5.125%, 01/01/36(a)(d)
    476       494  
5.594%, 06/01/36(a)
    147       157  
6.134%, 09/01/36(a)
    187       198  
3.345%, 10/01/36(a)
    900       921  
5.799%, 01/01/37(a)
    315       334  
5.519%, 04/01/37(a)
    447       474  
6.000%, 05/15/40, TBA^
    3,415       3,652  
                 
              6,740  
                 
Federal National Mortgage Association (18.1%)
7.010%, 12/01/10
    200       203  
6.200%, 01/01/11
    249       252  
6.224%, 05/01/11
    281       291  
6.280%, 05/01/11
    221       229  
6.500%, 07/01/11(d)
    158       165  
6.370%, 08/01/11
    419       439  
5.915%, 02/01/12
    161       171  
6.005%, 02/01/12
    531       565  
6.114%, 02/01/12
    362       387  
6.925%, 11/01/12
    225       246  
4.826%, 01/01/13
    482       513  
5.100%, 02/01/13
    575       620  
5.370%, 02/01/13
    237       253  
5.470%, 04/01/13
    150       162  
4.972%, 10/01/13
    367       391  
5.500%, 12/01/18
    1,005       1,083  
5.500%, 09/01/21
    1,160       1,251  
2.804%, 05/01/32(a)
    133       137  
2.923%, 10/01/33(a)
    312       322  
2.894%, 05/01/35(a)
    522       538  
2.717%, 01/01/36(a)(d)
    2,193       2,268  
3.273%, 02/01/36(a)(d)
    959       1,001  
3.836%, 06/01/36(a)
    693       718  
5.279%, 01/01/37(a)
    1,343       1,410  
3.396%, 10/01/37(a)(d)
    1,250       1,301  
5.631%, 11/01/37(a)
    1,734       1,816  
                 
              16,732  
                 
Government National Mortgage Association (0.6%)
3.772%, 06/16/25
    549       563  
                 
Total U.S. Government Agency Mortgages
            24,035  
                 
U.S. Treasury Obligations (3.8%)
U.S. Treasury Bill (1.8%)
0.102%, 05/06/10(f)
    1,700       1,700  
                 
U.S. Treasury Notes (2.0%)
0.875%, 01/31/12
    750       749  
1.000%, 03/31/12
    125       125  
1.375%, 04/15/12
    375       378  
1.375%, 01/15/13
    95       95  
1.375%, 02/15/13(d)
    35       35  
3.125%, 04/30/13(d)
    225       235  
2.375%, 02/28/15
    250       248  
                 
              1,865  
                 
Total U.S. Treasury Obligations
            3,565  
                 
Short-Term Investment (0.2%)
RidgeWorth Funds Securities Lending Joint Account(g)(h)
    149       149  
                 
Total Short-Term Investment
            149  
                 
Money Market Funds (6.0%)
Federated Government Obligations Money Market Fund
    46,319       46  
RidgeWorth Institutional Cash Management Money Market Fund(g)
    3,311,999       3,312  
RidgeWorth Institutional U.S. Government Securities Money Market Fund(g)
    2,213,318       2,213  
                 
Total Money Market Funds
            5,571  
                 
Total Investments (Cost $98,337)(i) — 106.6%
            98,604  
Liabilities in excess of other assets — (6.6)%
            (6,076 )
                 
Net Assets — 100.0%
          $ 92,528  
                 
 
 
 ^ Denotes investment purchased on a when-issued or delayed-delivery basis.
 
(a) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(b) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 5.9% of net assets as of March 31, 2010.
 
(c) This security or a partial position of the security was on loan as of March 31, 2010. The total value of securities on loan as of March 31, 2010, in thousands, was $145.
 
(d) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(e) Step bond. The rate shown is the rate in effect as of March 31, 2010.
 
(f) Rate represents the effective yield at purchase.
 
See Notes to Financial Statements.


165


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)

Ultra-Short Bond Fund — concluded
 
(g) Affiliated investment.
 
(h) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2010 (See Notes to Financial Statements).
 
(i) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
MTN — Medium Term Note
 
TBA — To Be Announced. Securities purchased on a forward commitment basis with an appropriate principal amount and no definitive maturity date. The actual principal and maturity date will be determined upon settlement date.
 
ULC — Unlimited Liability Company
 
See Notes to Financial Statements.


166


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
U.S. Government Securities Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
U.S. Treasury Obligations (92.7%)
U.S. Treasury Bonds (14.5%)
7.125%, 02/15/23
    4,981       6,419  
6.875%, 08/15/25
    3,744       4,785  
                 
              11,204  
                 
U.S. Treasury Notes (78.2%)
4.875%, 04/30/11
    3,010       3,152  
1.375%, 04/15/12
    8,373       8,431  
3.125%, 09/30/13
    10,458       10,905  
2.375%, 09/30/14
    10,260       10,263  
4.500%, 05/15/17
    14,305       15,445  
3.500%, 02/15/18
    12,225       12,262  
                 
              60,458  
                 
Total U.S. Treasury Obligations
            71,662  
                 
Money Market Fund (8.5%)
RidgeWorth Institutional U.S. Government Securities Money Market Fund(a)
    6,535,835       6,536  
                 
Total Money Market Fund
            6,536  
                 
Total Investments (Cost $77,486)(b) — 101.2%
            78,198  
Liabilities in excess of other assets — (1.2)%
            (936 )
                 
Net Assets — 100.0%
          $ 77,262  
                 
 
 
(a) Affiliated investment.
 
(b) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
See Notes to Financial Statements.


167


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
U.S. Government Securities Ultra-Short Bond Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Collateralized Mortgage Obligations (30.0%)
FDIC Structured Sale Guaranteed Notes, Ser 2010-L2A, Cl A, 3.000%, 09/30/19(a)
    6,630       6,604  
Federal Home Loan Mortgage Corporation, Ser 2575, Cl FG, 0.630%, 05/15/32(b)
    5,661       5,651  
Federal Home Loan Mortgage Corporation, Ser 2877, Cl WF, 0.630%, 10/15/34(b)
    8,116       8,058  
Federal Home Loan Mortgage Corporation, Ser 2892, Cl F, 0.530%, 01/15/19(b)
    5,249       5,216  
Federal Home Loan Mortgage Corporation, Ser 3000, Cl FG, 0.530%, 07/15/25(b)
    9,043       8,889  
Federal Home Loan Mortgage Corporation, Ser 3135, Cl FC, 0.530%, 04/15/26(b)
    6,894       6,818  
Federal Home Loan Mortgage Corporation, Ser 3200, Cl FP, 0.430%, 08/15/36(b)
    14,241       14,219  
Federal Home Loan Mortgage Corporation, Ser 3232, Cl KF, 0.680%, 10/15/36(b)
    13,333       13,227  
Federal Home Loan Mortgage Corporation, Ser 3264, Cl FB, 0.600%, 01/15/37(b)
    8,645       8,505  
Federal Home Loan Mortgage Corporation, Ser 3320, Cl FC, 0.400%, 05/15/37(b)
    3,054       3,037  
Federal Home Loan Mortgage Corporation, Ser 3346, Cl FA, 0.460%, 02/15/19(b)
    36,635       36,766  
Federal Home Loan Mortgage Corporation, Ser 3450, Cl AF, 0.940%, 05/15/38(b)
    11,348       11,344  
Federal Home Loan Mortgage Corporation, Ser 3593, Cl F, 0.731%, 03/15/36(b)
    14,174       14,225  
Federal Home Loan Mortgage Corporation, Ser 3609, Cl FA, 0.890%, 12/15/39(b)
    13,946       13,962  
Federal National Mortgage Association, Ser 1997-M9, Cl C, 6.520%, 07/25/16(c)
    4,870       5,174  
Federal National Mortgage Association, Ser 2003-32, Cl VT, 6.000%, 09/25/15
    5,266       5,519  
Federal National Mortgage Association, Ser 2003-52, Cl FV, 1.229%, 05/25/31(b)
    3,691       3,696  
Federal National Mortgage Association, Ser 2003-73, Cl DF, 0.696%, 10/25/32(b)
    13,376       13,362  
Federal National Mortgage Association, Ser 2005-40, Cl FB, 0.496%, 05/25/35(b)
    4,491       4,465  
Federal National Mortgage Association, Ser 2005-57, Cl EG, 0.546%, 03/25/35(b)
    5,126       5,096  
Federal National Mortgage Association, Ser 2005-92, Cl UF, 0.596%, 10/25/25(b)
    5,132       5,060  
Federal National Mortgage Association, Ser 2006-123, Cl PF, 0.506%, 01/25/37(b)
    11,422       11,433  
Federal National Mortgage Association, Ser 2006-79, Cl GF, 0.646%, 08/25/36(b)
    27,159       27,326  
Federal National Mortgage Association, Ser 2006-85, Cl MA, 6.250%, 08/25/34
    5,169       5,378  
Federal National Mortgage Association, Ser 2007-102, Cl FA, 0.816%, 11/25/37(b)
    18,616       18,613  
Federal National Mortgage Association, Ser 2007-109, Cl NF, 0.796%, 12/25/37(b)
    23,554       23,558  
Federal National Mortgage Association, Ser 2007-2, Cl FM, 0.496%, 02/25/37(b)
    12,896       12,797  
Federal National Mortgage Association, Ser 2007-88, Cl JF, 0.796%, 04/25/37(b)
    12,439       12,438  
 
See Notes to Financial Statements.


168


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
U.S. Government Securities Ultra-Short Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Collateralized Mortgage Obligations—continued
                 
Federal National Mortgage Association, Ser 2008-12, Cl FE, 0.846%, 01/25/33(b)
    11,253       11,236  
Government National Mortgage Association, Ser 2002-53, Cl B, 5.552%, 05/16/26
    5,580       5,747  
Government National Mortgage Association, Ser 2004-5, Cl PF, 0.790%, 02/20/33(b)
    10,000       10,110  
Government National Mortgage Association, Ser 2004-60, Cl B, 4.828%, 03/16/23
    13,802       14,058  
Government National Mortgage Association, Ser 2004-67, Cl C, 4.712%, 05/16/25
    7,841       8,070  
Government National Mortgage Association, Ser 2008-5, Cl FA, 0.740%, 01/20/38(b)
    42,272       42,260  
                 
Total Collateralized Mortgage Obligations
            401,917  
                 
U.S. Government Agencies (5.0%)
Federal Home Loan Bank (0.7%)
2.600%, 04/20/15^
    10,000       10,028  
                 
Federal Home Loan Mortgage Corporation (3.3%)
1.700%, 06/29/11, Callable 06/29/10 @ 100
    11,000       11,031  
1.625%, 08/11/11, Callable 05/11/10 @ 100
    9,000       9,013  
1.500%, 01/19/12, Callable 04/19/10 @ 100
    12,750       12,755  
2.050%, 05/11/12, Callable 05/11/10 @ 100
    10,350       10,369  
                 
              43,168  
                 
Federal National Mortgage Association (1.0%)
2.250%, 04/09/12, Callable 04/09/10 @ 100
    14,030       14,036  
                 
Total U.S. Government Agencies
            67,232  
                 
U.S. Government Agency Mortgages (59.4%)
Federal Home Loan Mortgage Corporation (19.8%)
5.250%, 08/15/11
    395       400  
4.000%, 05/15/15
    94       94  
2.886%, 06/01/33(b)
    78       79  
3.144%, 07/01/33(b)
    11,619       12,038  
2.713%, 11/01/33(b)
    6,295       6,454  
2.804%, 04/01/34(b)
    562       578  
3.852%, 05/01/34(b)
    282       291  
2.944%, 07/01/34(b)
    480       491  
4.745%, 11/01/34(b)^
    8,323       8,684  
2.933%, 02/01/35(b)
    248       254  
4.976%, 05/01/35(b)
    7,855       8,219  
5.036%, 06/01/35(b)
    13,159       13,861  
4.969%, 11/01/35(b)
    11,739       12,232  
5.125%, 01/01/36(b)
    13,089       13,601  
5.574%, 06/01/36(b)
    12,817       13,614  
5.544%, 07/01/36(b)
    26,983       28,288  
5.848%, 07/01/36(b)
    13,787       14,619  
6.474%, 07/01/36(b)
    926       985  
6.106%, 08/01/36(b)
    4,189       4,422  
6.134%, 09/01/36(b)
    2,067       2,188  
3.197%, 10/01/36(b)
    3,893       3,981  
3.841%, 12/01/36(b)
    560       583  
5.799%, 01/01/37(b)
    23,846       25,284  
4.031%, 03/01/37(b)
    1,462       1,522  
5.491%, 04/01/37(b)
    12,727       13,387  
5.519%, 04/01/37(b)
    450       477  
5.421%, 07/01/37(b)
    61       63  
6.026%, 07/01/37(b)^
    16,688       17,753  
5.301%, 03/01/38(b)
    10,055       10,597  
6.000%, 05/15/40, TBA^
    46,585       49,824  
                 
              264,863  
                 
Federal National Mortgage Association (39.1%)
7.500%, 07/01/10
    826       826  
6.955%, 10/01/10
    1,295       1,301  
7.440%, 10/01/10
    858       863  
5.164%, 11/01/10
    1,095       1,114  
6.993%, 12/01/10
    944       942  
7.086%, 12/01/10
    753       764  
5.990%, 01/01/11
    41       42  
6.200%, 01/01/11
    2,178       2,206  
6.320%, 01/01/11
    1,220       1,237  
6.480%, 01/01/11
    574       584  
6.250%, 02/01/11
    35       36  
6.270%, 02/01/11
    1,486       1,519  
6.293%, 02/01/11
    1,005       1,023  
6.524%, 02/01/11
    1,264       1,288  
6.250%, 03/01/11
    1,665       1,719  
6.260%, 03/01/11
    2,018       2,072  
6.260%, 03/01/11
    2,793       2,868  
7.000%, 03/01/11
    116       118  
6.150%, 04/01/11
    1,054       1,086  
6.180%, 04/01/11
    100       102  
6.230%, 04/01/11
    1,988       2,049  
6.435%, 04/01/11
    953       993  
 
See Notes to Financial Statements.


169


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
U.S. Government Securities Ultra-Short Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Federal National Mortgage Association—continued
                 
6.480%, 04/01/11
    2,735       2,823  
7.360%, 04/01/11
    456       474  
6.004%, 05/01/11
    2,162       2,217  
6.091%, 05/01/11
    1,094       1,127  
6.150%, 05/01/11
    739       764  
6.200%, 05/01/11(c)
    4,953       5,147  
6.224%, 05/01/11
    847       877  
6.280%, 05/01/11
    3,451       3,573  
6.305%, 05/01/11
    1,654       1,712  
4.590%, 06/01/11
    2,007       2,063  
5.280%, 06/01/11
    930       961  
6.200%, 06/01/11
    98       102  
6.460%, 06/01/11
    1,315       1,353  
6.190%, 07/01/11
    40       42  
6.260%, 07/01/11
    607       633  
6.455%, 07/01/11
    212       220  
6.500%, 07/01/11
    1,219       1,273  
6.520%, 07/01/11
    1,798       1,879  
6.100%, 08/01/11
    188       196  
6.280%, 08/01/11(c)
    21,880       22,907  
6.370%, 08/01/11
    4,512       4,727  
6.400%, 08/01/11
    42       44  
6.450%, 08/01/11
    600       629  
6.000%, 09/01/11
    1,201       1,259  
6.050%, 09/01/11
    4,261       4,467  
6.062%, 09/01/11
    377       399  
5.922%, 10/01/11
    1,216       1,273  
6.100%, 10/01/11
    2,058       2,166  
6.130%, 10/01/11
    471       498  
5.630%, 11/01/11
    1,624       1,706  
5.655%, 11/01/11
    1,239       1,302  
5.687%, 11/01/11
    851       895  
5.809%, 11/01/11
    3,389       3,580  
5.936%, 11/01/11
    1,483       1,542  
5.981%, 11/01/11
    926       971  
4.630%, 12/01/11
    324       344  
5.095%, 12/01/11
    343       359  
5.310%, 12/01/11
    318       334  
5.418%, 12/01/11
    261       274  
5.622%, 12/01/11
    752       795  
5.629%, 12/01/11
    158       167  
5.730%, 12/01/11
    643       642  
5.850%, 12/01/11
    1,461       1,543  
5.885%, 01/01/12
    1,498       1,593  
6.200%, 01/01/12
    1,275       1,356  
5.620%, 02/01/12
    1,715       1,817  
5.915%, 02/01/12
    3,949       4,199  
5.975%, 02/01/12
    889       946  
6.002%, 02/01/12
    3,153       3,347  
6.005%, 02/01/12
    2,999       3,192  
6.090%, 02/01/12
    984       1,049  
6.113%, 02/01/12
    3,818       4,084  
6.197%, 02/01/12
    4,135       4,399  
5.470%, 03/01/12
    1,000       1,000  
6.078%, 03/01/12
    454       485  
4.890%, 04/01/12
    2,700       2,841  
5.876%, 04/01/12
    1,188       1,241  
6.555%, 04/01/12
    486       524  
6.047%, 05/01/12
    617       655  
6.180%, 05/01/12
    4,497       4,837  
6.470%, 05/01/12
    260       281  
6.060%, 06/01/12
    980       1,055  
5.610%, 07/01/12
    113       121  
6.108%, 07/01/12
    648       698  
6.110%, 07/01/12
    1,419       1,533  
6.316%, 08/01/12
    506       545  
4.990%, 09/01/12
    1,000       1,047  
5.410%, 09/01/12
    325       347  
5.530%, 09/01/12
    1,905       2,042  
5.835%, 09/01/12
    676       731  
5.235%, 10/01/12
    649       693  
7.000%, 10/01/12
    161       167  
4.770%, 11/01/12
    1,049       1,110  
5.450%, 11/01/12
    560       591  
6.925%, 11/01/12
    2,135       2,336  
4.790%, 12/01/12
    586       619  
5.150%, 12/01/12
    1,419       1,498  
4.826%, 01/01/13
    1,200       1,277  
7.560%, 01/01/13
    770       864  
4.830%, 02/01/13
    197       210  
4.856%, 02/01/13
    1,239       1,321  
4.959%, 02/01/13
    1,302       1,369  
5.100%, 02/01/13
    1,000       1,079  
4.635%, 03/01/13
    399       423  
5.470%, 04/01/13
    370       401  
4.517%, 05/01/13
    159       167  
5.150%, 06/01/13
    1,900       2,053  
5.770%, 06/01/13
    1,294       1,418  
3.790%, 07/01/13
    330       343  
4.190%, 07/01/13
    350       368  
3.810%, 08/01/13
    54       56  
4.972%, 10/01/13(c)
    10,380       11,073  
5.098%, 10/01/13
    529       570  
6.250%, 12/01/13
    1,015       1,101  
5.370%, 01/01/14
    3,024       3,306  
7.660%, 05/01/15
    1,276       1,397  
6.590%, 05/01/16
    947       1,033  
5.500%, 01/01/17
    1,943       2,092  
5.967%, 11/01/17
    4,651       5,204  
5.500%, 01/01/18(c)
    6,853       7,381  
5.500%, 12/01/18
    13,852       14,919  
5.500%, 09/01/21
    15,965       17,215  
 
See Notes to Financial Statements.


170


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)

U.S. Government Securities Ultra-Short Bond Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Federal National Mortgage Association—continued
                 
5.000%, 09/01/23
    10,723       11,444  
5.500%, 05/25/25, TBA^
    5,000       5,334  
2.804%, 05/01/32(b)
    151       156  
2.734%, 10/01/32(b)
    144       148  
3.526%, 12/01/32(b)
    25       26  
2.912%, 04/01/33(b)
    1,192       1,230  
3.428%, 05/01/33(b)
    396       412  
4.255%, 05/01/33(b)
    35       36  
2.923%, 10/01/33(b)
    322       332  
3.674%, 12/01/33(b)
    3,197       3,324  
2.106%, 07/01/34(b)
    933       963  
2.052%, 08/01/34(b)
    3,246       3,322  
2.385%, 10/01/34(b)
    31       32  
2.513%, 12/01/34(b)
    5,051       5,214  
2.454%, 01/01/35(b)
    382       393  
2.465%, 01/01/35(b)
    448       461  
4.160%, 01/01/35(b)
    12,603       13,121  
2.528%, 02/01/35(b)(c)
    456       469  
1.854%, 03/01/35(b)
    1,261       1,275  
2.452%, 03/01/35(b)
    757       776  
2.894%, 05/01/35(b)
    1,401       1,443  
4.156%, 08/01/35(b)
    2,681       2,782  
3.450%, 09/01/35(b)
    237       246  
2.717%, 01/01/36(b)(c)
    10,781       11,151  
5.374%, 01/01/36(b)
    5,939       6,106  
3.273%, 02/01/36(b)
    7,571       7,906  
5.718%, 03/01/36(b)
    9,018       9,495  
5.809%, 03/01/36(b)(c)
    13,026       13,553  
3.836%, 06/01/36(b)
    11,145       11,543  
5.760%, 06/01/36(b)
    13,697       14,324  
5.419%, 08/01/36(b)(c)
    13,790       14,385  
5.619%, 10/01/36(b)(c)
    2,856       2,978  
5.286%, 11/01/36(b)
    8,616       9,057  
5.938%, 11/01/36(b)
    6,323       6,566  
3.186%, 12/01/36(b)
    11,313       11,724  
3.708%, 12/01/36(b)
    462       481  
3.523%, 01/01/37(b)
    4,577       4,748  
5.279%, 01/01/37(b)(c)
    26,855       28,197  
5.769%, 01/01/37(b)(c)
    14,760       15,438  
3.211%, 04/01/37(b)
    1,185       1,224  
4.910%, 07/01/37(b)
    12,028       12,496  
5.460%, 08/01/37(b)
    7,995       8,367  
3.396%, 10/01/37(b)(c)
    19,485       20,274  
2.761%, 09/01/39(b)
    178       184  
6.500%, 06/25/40, TBA^
    25,000       26,937  
                 
              524,703  
                 
Government National Mortgage Association (0.5%)
3.022%, 01/16/19
    4,793       4,813  
3.360%, 08/16/22
    232       234  
4.045%, 10/16/23
    1,609       1,627  
3.772%, 06/16/25
    581       596  
                 
              7,270  
                 
Total U.S. Government Agency Mortgages
            796,836  
                 
Money Market Funds (11.4%)
Federated Government Obligations Money Market Fund
    81,173,525       81,174  
RidgeWorth Institutional U.S. Government Securities Money Market Fund(d)
    71,122,143       71,122  
                 
Total Money Market Funds
            152,296  
                 
Total Investments (Cost $1,415,481)(e) — 105.8%
            1,418,281  
Liabilities in excess of other assets — (5.8)%
            (77,289 )
                 
Net Assets — 100.0%
          $ 1,340,992  
                 
 
 
 ^ Denotes investment purchased on a when-issued or delayed-delivery basis.
 
(a) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 0.5% of net assets as of March 31, 2010.
 
(b) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(c) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(d) Affiliated investment.
 
(e) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
TBA
— To Be Announced. Securities purchased on a forward commitment basis with an appropriate principal amount and no definitive maturity date. The actual principal and maturity date will be determined upon settlement date.
 
See Notes to Financial Statements.


171


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Virginia Intermediate Municipal Bond Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Municipal Bonds (95.7%)
District of Columbia (2.6%)
Metropolitan Washington D.C. Airports Authority, Airport System, Ser A, RB, 5.500%, 10/01/27, Callable 10/01/11 @ 101, NATL-RE, AMT
    1,000       1,012  
Metropolitan Washington D.C. Airports Authority, Airport System, Ser B, RB, 5.000%, 10/01/26, Callable 10/01/19 @ 100, BHAC
    2,175       2,317  
Washington D.C. Metropolitan Area Transit Authority, Gross Revenue, Ser A, RB, 5.125%, 07/01/32, Callable 07/01/19 @ 100
    2,000       2,109  
                 
              5,438  
                 
Puerto Rico (2.5%)
Puerto Rico Sales Tax Financing Corp., Sales Tax Revenue, Ser A, RB, 5.250%, 08/01/27, Callable 08/01/19 @ 100
    4,000       4,155  
Puerto Rico Sales Tax Financing Corp., Sales Tax Revenue, Subser A, RB, 5.375%, 08/01/39, Callable 02/01/20 @ 100
    1,000       1,025  
                 
              5,180  
                 
Virginia (90.6%)
Amherst County Service Authority, RB, 6.000%, 12/15/30, Callable 12/15/10 @ 102
    1,000       1,017  
Arlington County Industrial Development Authority Hospital Facilities, RB, 5.000%, 07/01/31, Callable 07/01/20 @ 100^
    2,500       2,532  
Arlington County Industrial Development Authority Lease, Capital Project, RB, 5.000%, 08/01/13
    1,370       1,527  
Arlington County, GO, 5.000%, 03/15/15(a)
    4,500       5,184  
Bedford County Economic Development Authority, Public Facilities Lease, RB, 5.250%, 05/01/24, Callable 05/01/16 @ 100, NATL-RE
    2,890       3,048  
Chesapeake Water & Sewer, GO, 5.000%, 12/01/19, Callable 12/01/14 @ 101
    2,465       2,734  
Fairfax County Economic Development Authority, Lease Revenue, RB, 5.000%, 05/15/18
    1,770       1,990  
Fairfax County, GO, 5.000%, 10/01/12
    3,250       3,580  
Fauquier County, GO, 5.000%, 07/01/19, Callable 07/01/16 @ 100, NATL-RE
    2,100       2,335  
Greater Richmond Convention Center Authority, Hotel Tax, RB, 5.000%, 06/15/16, Callable 06/15/15 @ 100, NATL-RE
    2,855       3,086  
Hampton Roads Sanitation District Wastewater, RB, 5.000%, 04/01/23, Callable 04/01/18 @ 100
    1,060       1,166  
Hampton Roads Sanitation District Wastewater, RB, 5.000%, 04/01/24, Callable 04/01/18 @ 100
    2,425       2,655  
Hampton, GO, 5.500%, 07/15/18, Callable 07/15/12 @ 101
    1,275       1,418  
Hampton, GO, 5.000%, 01/15/20, Callable 01/15/19 @ 100
    1,000       1,140  
Hampton, GO, 5.000%, 04/01/22, Callable 04/01/15 @ 100, NATL-RE/FGIC
    1,000       1,055  
Hanover County Industrial Development Authority, Regional Medical Care Project, RB, 6.375%, 08/15/18, NATL-RE
    6,100       6,766  
Henrico County Economic Development Authority, Beth Sholom Assisted Living Project, Ser A, RB, 5.850%, 07/20/19, Callable 07/20/11 @ 102, GNMA
    400       408  
Henrico County Economic Development Authority, Beth Sholom Assisted Living Project, Ser A, RB, 5.900%, 07/20/29, Callable 07/20/11 @ 102, GNMA
    500       507  
 
See Notes to Financial Statements.


172


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Virginia Intermediate Municipal Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Virginia—continued
                 
Henrico County Economic Development Authority, Residential Care Facilities, Ser A, RB, 6.500%, 06/01/22, Callable 06/01/12 @ 100
    1,040       1,050  
Henrico County Economic Development Authority, Residential Care Facilities, Westminster Canterbury, RB, 5.000%, 10/01/21, Callable 10/01/11 @ 100
    1,375       1,384  
Henry County Public Service Authority, Water & Sewer, RB, 5.250%, 11/15/13, AGM
    1,500       1,690  
Isle of Wight County, GO, 5.500%, 07/01/20, Callable 01/01/19 @ 100
    420       475  
Isle of Wight County, GO, 5.250%, 07/01/22, Callable 01/01/19 @ 100
    685       755  
Isle of Wight County, GO, 5.375%, 07/01/23, Callable 01/01/19 @ 100
    675       747  
James City County Economic Development Authority, Public Facility Project, RB, 5.000%, 06/15/21, Callable 06/15/17 @ 100, AGM
    2,215       2,392  
Loudoun County Industrial Development Authority, Public Safety Facilities Lease, Ser A, RB, 5.250%, 12/15/17, Callable 06/15/14 @ 100, AGM
    1,110       1,250  
Loudoun County Sanitation Authority, Water & Sewage, RB, 5.000%, 01/01/25, Callable 01/01/15 @ 100
    3,165       3,352  
Loudoun County, Public Improvement, Ser B, GO, 5.000%, 06/01/14
    3,500       3,998  
Montgomery County Industrial Development Authority, RB, 5.500%, 01/15/18, Callable 01/15/12 @ 101, AMBAC
    1,865       1,997  
New Kent County Economic Development Authority, School & Governmental Projects, RB, 5.000%, 02/01/18, Callable 02/01/17 @ 100, AGM
    2,225       2,454  
Newport News, GO, 5.250%, 07/01/15(a)
    3,000       3,493  
Peninsula Ports Authority, Residential Care Facility, Ser A, RB, 7.375%, 12/01/23, Prerefunded 12/01/13 @ 100
    3,520       4,222  
Pittsylvania County, Ser B, GO, 5.625%, 03/01/15, Callable 03/01/11 @ 102, NATL-RE/SBRF
    1,000       1,064  
Portsmouth, Ser A, GO, 5.000%, 07/01/15, NATL-RE
    2,285       2,601  
Portsmouth, Ser B, GO, 5.250%, 07/15/24, Callable 07/15/19 @ 100
    1,000       1,107  
Portsmouth, Ser D, GO, 4.000%, 12/01/15
    1,635       1,789  
Powhatan County, GO, 5.000%, 01/15/32, Callable 01/15/20 @ 100
    1,580       1,673  
Richmond Industrial Development Authority, Government Facilities, RB, 5.000%, 07/15/18, AMBAC
    1,795       1,910  
Richmond Industrial Development Authority, Student Housing, RB, 5.450%, 01/01/21, Callable 01/01/11 @ 102
    1,000       1,025  
Richmond, GO, 5.000%, 07/15/18
    2,000       2,297  
Richmond, GO, 5.000%, 07/15/24, Callable 07/15/16 @ 100, AGM
    1,435       1,549  
Richmond, GO, 5.000%, 07/15/28, Callable 07/15/19 @ 100
    750       816  
Riverside Regional Jail Authority, RB, 4.250%, 07/01/10, Callable 5/1/10 @ 100
    1,825       1,834  
Roanoke Industrial Development Authority, Carilion Health System, Ser A, RB, 5.750%, 07/01/14, Callable 07/01/12 @ 100, NATL-RE
    2,000       2,154  
Roanoke Industrial Development Authority, Carilion Health System, Ser A, RB, 5.500%, 07/01/17, Callable 07/01/12 @ 100, NATL-RE
    1,945       2,040  
 
See Notes to Financial Statements.


173


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Virginia Intermediate Municipal Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Virginia—continued
                 
Roanoke Industrial Development Authority, Carilion Health System, Ser A, RB, 5.500%, 07/01/18, Callable 07/01/12 @ 100, NATL-RE
    2,000       2,080  
Roanoke Industrial Development Authority, Carilion Health System, Ser A, RB, 5.500%, 07/01/21, Callable 07/01/12 @ 100, NATL-RE
    1,000       1,031  
Roanoke, GO, 5.000%, 10/01/18
    2,450       2,799  
Roanoke, GO, 5.000%, 10/01/21, Callable 10/01/19 @ 100
    1,000       1,124  
Roanoke, GO, 5.000%, 02/01/24, Callable 02/01/15 @ 101
    2,500       2,691  
Spotsylvania County Water & Sewer, RB, 5.000%, 06/01/26, AGM
    2,000       2,096  
Stafford County & Staunton Industrial Development Authority, RB, 5.000%, 08/01/23, Callable 08/01/18 @ 100, XLCA
    1,025       1,082  
Stafford County & Staunton Industrial Development Authority, Ser B, RB, 5.000%, 08/01/25, Callable 08/01/17 @ 100, XLCA
    3,330       3,464  
Stafford County & Staunton Industrial Development Authority, Ser C, RB, 5.250%, 02/01/20, Callable 02/01/17 @ 100, XLCA
    2,165       2,337  
Tobacco Settlement Financing Corp., RB, 5.250%, 06/01/19, Prerefunded 06/01/12 @ 100
    1,890       1,957  
Tobacco Settlement Financing Corp., RB, 5.500%, 06/01/26, Prerefunded 06/01/15 @ 100
    4,940       5,522  
Virginia Beach Development Authority, Ser A, RB, 5.375%, 08/01/16, Callable 08/01/12 @ 100
    1,650       1,789  
Virginia Beach, Public Improvement, Ser B, GO, 5.000%, 05/01/13
    2,500       2,789  
Virginia Beach, Public Improvement, Ser C, GO, 5.000%, 09/15/16
    2,325       2,691  
Virginia College Building Authority, Education Facilities, Public Higher Educational Financing Project, Ser A, RB, 5.000%, 09/01/27, Callable 09/01/18 @ 100
    5,000       5,402  
Virginia College Building Authority, Educational Facilities Project, Ser A, RB, 5.000%, 02/01/15, Callable 02/01/14 @ 100
    5,000       5,657  
Virginia College Building Authority, Educational Facilities Project, Washington & Lee University, RB, 5.375%, 01/01/21, Callable 01/01/16 @ 100
    3,705       4,298  
Virginia College Building Authority, Public Higher Educational Financing Program, Ser A, RB, 5.000%, 09/01/17, Callable 09/01/16 @ 100
    3,000       3,382  
Virginia College Building Authority, Public Higher Educational Financing Program, Ser B, RB, 5.000%, 09/01/13
    3,000       3,368  
Virginia Polytechnic Institute & State University, Ser D, RB, 5.125%, 06/01/21, Callable 06/01/14 @ 101, AMBAC
    2,095       2,246  
Virginia Public School Authority, School Financing, Ser C, RB, 4.750%, 08/01/27, Callable 08/01/19 @ 100
    2,000       2,105  
Virginia Public School Authority, Ser A, RB, 5.000%, 08/01/24, Callable 08/01/14 @ 100
    1,000       1,053  
Virginia Public School Authority, Special Obligation, RB, 5.000%, 07/15/26, Callable 07/15/18 @ 100
    2,000       2,169  
Virginia Resources Authority Infrastructure, Pooled Financing Program, Ser A, RB, 5.000%, 11/01/18
    2,775       3,222  
 
See Notes to Financial Statements.


174


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)

Virginia Intermediate Municipal Bond Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Virginia—continued
                 
Virginia Resources Authority Infrastructure, Pooled Financing Program, Ser B, RB, 5.000%, 11/01/29, Callable 11/01/19 @ 100
    1,000       1,096  
Virginia Resources Authority, Clean Water State Revolving Fund, RB, 5.000%, 10/01/16
    2,030       2,337  
Virginia Resources Authority, Senior Infrastructure, Ser B, RB, 5.000%, 11/01/26, Callable 11/01/14 @ 100
    2,185       2,305  
Virginia State Housing Development Authority, Commonwealth Mortgage, Ser A-1, RB, 3.650%, 01/01/18, GO of Authority
    1,205       1,226  
Virginia State Housing Development Authority, Commonwealth Mortgage, Ser E, RB, 6.000%, 07/01/25, Callable 07/01/18 @ 100, GO of Authority
    2,500       2,740  
Virginia State Public Building Authority Facilities, Ser B, RB, 5.000%, 08/01/20, Callable 08/01/19 @ 100
    4,000       4,521  
Virginia State Resources Authority Clean Water, Revolving Fund, RB, 5.000%, 10/01/20, Callable 10/01/17 @ 100
    2,000       2,228  
Virginia State Resources Authority Clean Water, Revolving Fund, RB, 5.000%, 10/01/27, Callable 10/01/19 @ 100
    2,000       2,192  
Virginia State, Ser A, GO, 5.000%, 06/01/19, Callable 06/01/14 @ 100
    3,170       3,610  
Western Regional Jail Authority, Jail Facilities, RB, 4.750%, 06/01/23, Callable 06/01/17 @ 100, NATL-RE
    2,255       2,367  
Winchester, GO, 5.000%, 11/01/18, Callable 11/01/15 @ 100, NATL-RE/FGIC
    2,000       2,185  
                 
              186,427  
                 
Total Municipal Bonds
            197,045  
                 
Money Market Fund (2.8%)
Federated Virginia Municipal Cash Trust
    5,701,695       5,702  
                 
Total Money Market Fund
            5,702  
                 
Total Investments (Cost $194,250)(b) — 98.5%
            202,747  
Other assets in excess of liabilities — 1.5%
            3,026  
                 
Net Assets — 100.0%
          $ 205,773  
                 
 
 
 ^ Denotes investment purchased on a when-issued or delayed-delivery basis.
 
(a) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(b) See Federal Tax Information listed in the Notes to Financial Statements for tax-basis cost.
 
AGM
— Security guaranteed by Assured Guaranty Municipal Corporation
 
AMBAC — Security guaranteed by American Municipal Bond Assurance Corporation
 
AMT — Income subject to Alternative Minimum Tax
 
BHAC — Security guaranteed by Berkshire Hathaway Assurance Corporation
 
FGIC — Security guaranteed by Financial Guaranty Insurance Company
 
GNMA — Security guaranteed by Government National Mortgage Association
 
GO — General Obligation
 
NATL-RE — Reinsurance provided by National Public Finance Guarantee Corporation
 
RB — Revenue Bond
 
SBRF — Security guaranteed by School Bond Reserve Fund
 
XLCA — Security guaranteed by XL Capital Assurance, Inc.
 
See Notes to Financial Statements.


175


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Prime Quality Money Market Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Certificates of Deposit (17.9%)
Banks (12.5%)
Bank of Nova Scotia, 0.180%, 04/01/10
    25,000       25,000  
Bank of Nova Scotia, 0.290%, 05/03/10
    30,000       30,000  
BNP Paribas, 0.230%, 04/12/10
    47,000       47,000  
BNP Paribas, 0.250%, 06/29/10
    30,000       30,000  
BNP Paribas, 0.290%, 08/17/10
    45,000       45,000  
Credit Agricole Corporate and Investment Bank, 0.200%, 05/27/10
    15,000       15,000  
Credit Agricole Corporate and Investment Bank, 0.260%, 06/24/10
    34,000       34,000  
National Australia Bank Ltd., 0.235%, 06/18/10
    30,000       30,000  
Rabobank, 0.220%, 04/12/10
    25,000       25,000  
Rabobank, 0.290%, 05/18/10
    30,000       30,000  
Rabobank, 0.240%, 05/19/10
    50,000       50,001  
Rabobank, 0.270%, 07/20/10
    25,000       25,000  
Societe Generale, 0.220%, 06/02/10
    25,000       25,000  
Societe Generale, 0.247%, 04/13/10(a)(b)
    30,000       30,000  
Societe Generale, 0.310%, 09/17/10
    20,000       20,000  
Toronto-Dominion Bank, 0.270%, 05/10/10
    62,200       62,201  
Toronto-Dominion Bank, 0.330%, 05/17/10
    32,000       32,001  
Toronto-Dominion Bank, 0.260%, 07/14/10
    10,000       10,000  
Toronto-Dominion Bank, 0.270%, 08/31/10
    25,000       25,000  
Toronto-Dominion Bank, 0.230%, 04/10/10(a)(b)
    18,000       18,000  
                 
              608,203  
                 
Diversified Financial Services (5.4%)
Abbey National Treasury Services PLC, 0.240%, 04/11/10(a)(b)
    40,000       40,000  
Abbey National Treasury Services PLC, 0.400%, 09/24/10
    18,000       18,000  
Barclays Bank PLC, 0.250%, 04/12/10(a)(b)
    50,000       50,000  
Barclays Bank PLC, 0.245%, 08/25/10(b)
    40,000       40,000  
Barclays Bank PLC, 0.248%, 09/03/10(a)(b)
    30,000       30,000  
Westpac Banking Corp., 0.250%, 05/24/10
    43,000       43,000  
Westpac Banking Corp., 0.220%, 06/11/10
    20,000       20,000  
Westpac Banking Corp., 0.340%, 09/27/10
    25,800       25,800  
                 
              266,800  
                 
Total Certificates of Deposit
            875,003  
                 
Commercial Paper (45.9%)
Banks (5.0%)
Australia & New Zealand Banking Group, 0.160%, 04/15/10(c)(d)
    20,000       19,999  
Australia & New Zealand Banking Group, 0.180%, 05/03/10(c)(d)
    16,250       16,247  
Australia & New Zealand Banking Group, 0.190%, 05/17/10(c)(d)
    21,000       20,995  
Banco Santander Central Hispano SA, 0.321%, 04/09/10(d)
    29,000       28,998  
Banco Santander Central Hispano SA, 0.280%, 07/22/10(d)
    40,000       39,965  
HSBC Bank USA, 0.240%, 04/15/10(d)
    45,000       44,996  
HSBC Bank USA, 0.240%, 05/04/10(d)
    32,625       32,618  
HSBC Bank USA, 0.240%, 08/06/10(d)
    19,000       18,984  
Rabobank USA Financial Corp., 0.170%, 04/07/10(d)
    20,000       19,999  
                 
              242,801  
                 
Consumer Discretionary (0.4%)
Vanderbilt University, 0.250%, 07/02/10
    20,000       20,000  
                 
                 
 
See Notes to Financial Statements.


176


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Prime Quality Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Consumer Staples (1.6%)
Procter & Gamble Co., 0.170%, 04/20/10(c)(d)
    52,300       52,295  
Procter & Gamble Co., 0.170%, 04/26/10(c)(d)
    25,000       24,997  
                 
              77,292  
                 
Diversified Financial Services (32.3%)
Allianz Finance Corp., 0.170%, 05/04/10(c)(d)
    33,000       32,995  
Allianz Finance Corp., 0.180%, 05/10/10(c)(d)
    36,000       35,993  
Allianz Finance Corp., 0.170%, 06/10/10(c)(d)
    6,000       5,998  
Alpine Securitization Corp., 0.150%, 04/01/10(c)(d)
    17,000       17,000  
Alpine Securitization Corp., 0.180%, 04/20/10(c)(d)
    48,000       47,995  
Alpine Securitization Corp., 0.180%, 04/22/10(c)(d)
    10,000       9,999  
American Honda Finance Corp., 0.140%, 04/06/10(d)
    24,000       23,999  
American Honda Finance Corp., 0.180%, 04/21/10(d)
    22,000       21,998  
American Honda Finance Corp., 0.200%, 05/17/10(d)
    10,000       9,997  
American Honda Finance Corp., 0.220%, 05/20/10(d)
    6,000       5,998  
ASB Finance Ltd., 0.250%, 05/20/10(c)(d)
    8,250       8,247  
BlackRock, Inc., 0.190%, 04/01/10(c)(d)
    9,000       9,000  
BlackRock, Inc., 0.170%, 04/13/10(c)(d)
    40,000       39,998  
BlackRock, Inc., 0.190%, 04/22/10(c)(d)
    15,000       14,998  
BlackRock, Inc., 0.230%, 06/01/10(c)(d)
    11,000       10,996  
CBA Delaware Finance, Inc., 0.210%, 04/19/10(d)
    10,000       9,999  
CBA Delaware Finance, Inc., 0.230%, 04/29/10(d)
    32,500       32,494  
CBA Delaware Finance, Inc., 0.301%, 06/18/10(d)
    18,000       17,988  
ENI Finance USA, Inc., 0.180%, 04/19/10(c)(d)
    19,000       18,998  
ENI Finance USA, Inc., 0.175%, 05/05/10(c)(d)
    26,000       25,996  
ENI Finance USA, Inc., 0.220%, 05/17/10(c)(d)
    15,000       14,996  
ENI Finance USA, Inc., 0.180%, 05/18/10(c)(d)
    15,900       15,896  
ENI Finance USA, Inc., 0.240%, 06/07/10(c)(d)
    25,000       24,989  
Fairway Finance Corp., 0.170%, 04/05/10(c)(d)
    7,000       7,000  
Fairway Finance Corp., 0.190%, 04/06/10(c)(d)
    14,000       14,000  
Fairway Finance Corp., 0.160%, 04/14/10(c)(d)
    13,000       12,999  
Fairway Finance Corp., 0.210%, 04/23/10(c)(d)
    21,000       20,997  
Fairway Finance Corp., 0.220%, 05/17/10(c)(d)
    20,000       19,994  
Falcon Asset Securitization Corp., 0.160%, 04/07/10(c)(d)
    12,000       12,000  
Falcon Asset Securitization Corp., 0.160%, 04/19/10(c)(d)
    24,000       23,998  
Falcon Asset Securitization Corp., 0.210%, 05/13/10(c)(d)
    25,000       24,994  
Falcon Asset Securitization Corp., 0.220%, 05/18/10(c)(d)
    14,000       13,996  
General Electric Capital Corp., 0.190%, 06/21/10(d)
    24,000       23,990  
General Electric Capital Corp., 0.190%, 06/24/10(d)
    25,000       24,989  
General Electric Capital Corp., 0.190%, 06/28/10(d)
    25,000       24,988  
JPMorgan Chase & Co., 0.270%, 04/06/10(c)(d)
    20,000       19,999  
JPMorgan Chase & Co., 0.150%, 04/12/10(d)
    20,000       19,999  
JPMorgan Chase & Co., 0.250%, 07/08/10(d)
    40,000       39,973  
KfW, 0.150%, 04/19/10(c)(d)
    12,000       11,999  
KfW, 0.160%, 05/12/10(c)(d)
    16,000       15,997  
KfW, 0.150%, 05/18/10(c)(d)
    35,500       35,493  
KfW, 0.190%, 06/14/10(c)(d)
    30,000       29,988  
Liberty Street Funding Corp., 0.190%, 04/15/10(c)(d)
    13,000       12,999  
 
See Notes to Financial Statements.


177


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Prime Quality Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Diversified Financial Services—continued
                 
Liberty Street Funding Corp., 0.190%, 05/12/10(c)(d)
    25,000       24,995  
Liberty Street Funding Corp., 0.200%, 05/17/10(c)(d)
    5,000       4,999  
Market Street Funding Corp., 0.180%, 04/16/10(c)(d)
    5,500       5,500  
Market Street Funding Corp., 0.180%, 04/21/10(c)(d)
    12,600       12,599  
Market Street Funding Corp., 0.200%, 04/23/10(c)(d)
    15,000       14,998  
Market Street Funding Corp., 0.200%, 04/26/10(c)(d)
    10,000       9,999  
National Australia Funding LLC, 0.180%, 04/05/10(c)(d)
    12,000       12,000  
National Australia Funding LLC, 0.180%, 04/19/10(c)(d)
    25,000       24,998  
Nestle Finance International Ltd., 0.240%, 06/30/10(d)
    30,000       29,982  
New York Life Insurance Capital Corp., 0.160%, 04/06/10(c)(d)
    10,000       10,000  
Old Line Funding LLC, 0.180%, 04/15/10(c)(d)
    16,000       15,999  
Old Line Funding LLC, 0.170%, 04/16/10(c)(d)
    32,029       32,027  
Park Avenue Receivables Corp., 0.160%, 04/08/10(c)(d)
    15,000       15,000  
Park Avenue Receivables Corp., 0.170%, 04/16/10(c)(d)
    21,000       20,998  
Park Avenue Receivables Corp., 0.170%, 04/20/10(c)(d)
    6,900       6,899  
Park Avenue Receivables Corp., 0.200%, 04/27/10(c)(d)
    30,000       29,996  
Park Avenue Receivables Corp., 0.180%, 05/05/10(c)(d)
    3,000       2,999  
Southern Pacific Funding Corp., 0.160%, 04/06/10(c)(d)
    18,000       18,000  
Southern Pacific Funding Corp., 0.160%, 04/09/10(c)(d)
    18,000       17,999  
Southern Pacific Funding Corp., 0.180%, 04/13/10(c)(d)
    10,000       9,999  
Straight-A Funding LLC, 0.170%, 04/07/10(c)(d)
    17,000       16,999  
Straight-A Funding LLC, 0.160%, 04/16/10(c)(d)
    9,050       9,049  
Straight-A Funding LLC, 0.170%, 04/26/10(c)(d)
    37,000       36,996  
Straight-A Funding LLC, 0.170%, 05/03/10(c)(d)
    19,000       18,997  
Straight-A Funding LLC, 0.190%, 05/11/10(c)(d)
    25,000       24,995  
Straight-A Funding LLC, 0.190%, 05/19/10(c)(d)
    15,682       15,678  
Straight-A Funding LLC, 0.190%, 05/27/10(c)(d)
    23,000       22,993  
Straight-A Funding LLC, 0.200%, 06/03/10(c)(d)
    10,000       9,996  
Total Capital SA, 0.220%, 06/28/10(c)(d)
    75,000       74,960  
Toyota Motor Credit Corp., 0.220%, 04/20/10(d)
    38,000       37,996  
Toyota Motor Credit Corp., 0.220%, 04/29/10(d)
    12,000       11,998  
UBS Finance Delaware LLC, 0.070%, 04/01/10(d)
    75,000       75,000  
Unilever Capital Corp., 0.115%, 04/14/10(c)(d)
    32,500       32,499  
                 
              1,575,101  
                 
Health Care (0.7%)
Abbott Laboratories, 0.130%, 04/12/10(c)(d)
    8,000       8,000  
Roche Holdings, Inc., 0.170%, 04/08/10(c)(d)
    26,000       25,999  
                 
              33,999  
                 
Information Technology (2.0%)
IBM Corp., 0.140%, 04/01/10(c)(d)
    60,000       60,000  
Oracle Corp., 0.150%, 05/14/10(c)(d)
    35,000       34,994  
 
See Notes to Financial Statements.


178


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Prime Quality Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Information Technology—continued
                 
Oracle Corp., 0.170%, 05/18/10(c)(d)
    5,525       5,524  
                 
              100,518  
                 
Utilities (3.9%)
ConocoPhillips, 0.100%, 04/01/10(c)(d)
    40,000       40,000  
E.ON AG, 0.200%, 05/21/10(c)(d)
    60,000       59,983  
E.ON AG, 0.230%, 06/07/10(c)(d)
    15,000       14,994  
GDF Suez, 0.170%, 04/06/10(c)(d)
    25,000       24,999  
GDF Suez, 0.210%, 05/03/10(c)(d)
    20,000       19,996  
GDF Suez, 0.190%, 05/04/10(c)(d)
    30,000       29,995  
                 
              189,967  
                 
Total Commercial Paper
            2,239,678  
                 
Corporate Bonds (4.8%)
Banks (2.8%)
Bank of New York Mellon Corp. (The), Ser G, MTN, 0.303%, 06/29/10(a)(b)
    15,000       15,002  
Bank of Nova Scotia, 0.180%, 05/20/10(d)
    9,000       8,998  
International Bank for Reconstruction & Development (The), 0.140%, 04/19/10(d)
    25,000       24,998  
International Bank for Reconstruction & Development (The), 0.170%, 05/07/10(d)
    60,000       59,990  
Wachovia Corp., Ser G, MTN, 0.290%, 04/01/10(a)(b)
    24,000       24,005  
Wachovia Corp., Ser G, MTN, 0.326%, 04/26/10(a)(b)
    4,000       4,001  
                 
              136,994  
                 
Diversified Financial Services (1.4%)
JPMorgan Chase & Co., 0.421%, 04/17/10(a)(b)
    10,000       10,013  
JPMorgan Chase & Co., MTN, 0.301%, 06/22/10(a)(b)
    8,000       8,001  
JPMorgan Chase & Co., Ser C, MTN, 0.278%, 04/08/10(a)(b)
    19,100       19,095  
Westpac Banking Corp., 0.180%, 05/13/10(c)(d)
    32,000       31,993  
                 
              69,102  
                 
Diversified Operations (0.6%)
3M Co., 5.610%, 12/12/10(a)(b)
    25,465       26,397  
                 
Total Corporate Bonds
            232,493  
                 
Municipal Bonds (12.4%)
Alaska (0.5%)
Valdez Alaska Marine Terminal, BP Pipelines, Inc. Project, Ser B, RB, 0.300%, 04/01/10(a)(b)
    6,000       6,000  
Valdez Alaska Marine Terminal, Exxon Pipeline Co. Project, RB, 0.240%, 04/07/10(a)(b)
    19,950       19,950  
                 
              25,950  
                 
California (2.5%)
California Pollution Control Financing Authority Exempt Facilities, Exxon Capital Venture, Inc. Exxon Mobil Project, RB, 0.280%, 04/01/10, AMT(a)(b)
    13,895       13,895  
California Pollution Control Financing Authority, Exxon Mobil Corp. Project, RB, 0.270%, 04/01/10(a)(b)
    4,200       4,200  
California Pollution Control Financing Authority, Exxon Mobil Corp. Project, RB, 0.270%, 04/01/10(a)(b)
    11,640       11,640  
California Pollution Control Financing Authority, Solid Waste Disposal, Ser A, RB, 0.300%, 04/07/10, LOC: JPMorgan Chase & Co., AMT(a)(b)
    10,000       10,000  
California State Department of Water Resources Power Supply, Ser B-6, RB, 0.260%, 04/01/10, LOC: State Street Bank & Trust Co.(a)(b)
    11,800       11,800  
 
See Notes to Financial Statements.


179


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Prime Quality Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
California—continued
                 
California State Economic Recovery, Ser C-5, GO, 0.300%, 04/01/10, LOC: Bank of America N.A.(a)(b)
    6,500       6,500  
California Statewide Communities Development Authority, Cottage Health System, Ser D, RB, 0.270%, 04/01/10, LOC: Wells Fargo Bank N.A.(a)(b)
    12,940       12,940  
California Statewide Communities Development Authority, Cottage Health System, Ser E, RB, 0.270%, 04/01/10, LOC: Wells Fargo Bank N.A.(a)(b)
    10,000       10,000  
Irvine Ranch Water District, Ser A, GO, 0.230%, 04/01/10, LOC: U.S. Bank N.A.(a)(b)
    14,200       14,200  
San Jose Redevelopment Agency Tax Allocation, Ser D, 0.180%, 04/07/10, LOC: Bank of New York, AMT(a)(b)
    18,260       18,260  
Western Municipal Water Districts Facilities Authority, Ser A, RB, 0.270%, 04/01/10, LOC: U.S. Bank N.A.(a)(b)
    7,990       7,990  
                 
              121,425  
                 
Delaware (0.1%)
Delaware State Health Facilities Authority, Bayhealth Medical Center, Inc., Ser B, RB, 0.270%, 04/01/10, LOC: PNC Bank N.A.(a)(b)
    5,050       5,050  
                 
District of Columbia (0.4%)
Metropolitan Washington Airports, 0.300%, 10/07/10
    20,000       20,000  
                 
Florida (0.2%)
Jacksonville Health Facilities Authority, Southern Baptist Hospital of Florida, Inc., Ser E, RB, 0.270%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    7,275       7,275  
Miami-Dade County Industrial Development Authority, South Florida Stadium Corp., RB, 0.250%, 04/01/10, LOC: TD Bank N.A.(a)(b)
    3,250       3,250  
                 
              10,525  
                 
Georgia (0.3%)
Glynn-Brunswick Memorial Hospital Authority, Kings Bay Community Hospital, Inc., Ser B, RB, 0.270%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    16,500       16,500  
Illinois (1.4%)
Illinois Finance Authority, Chicago Symphony Orchestra, RB, 0.290%, 04/01/10, LOC: U.S. Bank N.A.(a)(b)
    35,000       35,000  
Illinois Finance Authority, Elmhurst Memorial Healthcare, Ser D, RB, 0.270%, 04/07/10, LOC: Northern Trust Co.(a)(b)
    16,800       16,800  
Illinois Finance Authority, OSF Healthcare System, Ser C, RB, 0.270%, 04/07/10, LOC: Wells Fargo Bank N.A.(a)(b)
    5,200       5,200  
Joliet Regional Port District Marine Terminal, Exxon Mobil Corp. Project, RB, 0.240%, 04/01/10(a)(b)
    10,000       10,000  
                 
              67,000  
                 
Kentucky (0.3%)
Boone County Pollution Control, Duke Energy Kentucky, Inc. Project, Ser A, RB, 0.250%, 04/07/10, LOC: Wells Fargo Bank N.A.(a)(b)
    6,500       6,500  
 
See Notes to Financial Statements.


180


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Prime Quality Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Kentucky—continued
                 
Kentucky Economic Development Finance Authority, Baptist Healthcare System, Inc., Ser B-3, RB, 0.250%, 04/07/10, LOC: Branch Banking & Trust Co.(a)(b)
    5,000       5,000  
Kentucky Economic Development Finance Authority, Baptist Healthcare System, Inc., Ser B-4, RB, 0.270%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    4,000       4,000  
                 
              15,500  
                 
Maryland (0.2%)
Maryland State Health & Higher Education Facilities Authority, Frederick Memorial Hospital, RB, 0.310%, 04/07/10, LOC: Branch Banking & Trust Co.(a)(b)
    8,000       8,000  
                 
Mississippi (0.2%)
Mississippi Business Finance Commission Gulf Opportunity Zone, Chevron USA, Inc. Project, Ser A, RB, 0.260%, 04/01/10(a)(b)
    6,300       6,300  
Mississippi Business Finance Commission Gulf Opportunity Zone, Chevron USA., Inc. Project, Ser C, RB, 0.260%, 04/01/10(a)(b)
    5,000       5,000  
                 
              11,300  
                 
Missouri (0.4%)
Missouri Development Finance Board, 0.250%, 04/05/10
    9,512       9,512  
Missouri State Health & Educational Facilities Authority, St. Luke’s Health System, Inc., Ser A, RB, 0.300%, 04/07/10, LOC: Bank of America N.A.(a)(b)
    11,400       11,400  
                 
              20,912  
                 
New Mexico (0.2%)
New Mexico Educational Assistance Foundation, Ser A-1, RB, 0.320%, 04/07/10, Guaranteed Student Loans, AMT(a)(b)
    3,250       3,250  
New Mexico Educational Assistance Foundation, Ser A-2, RB, 0.320%, 04/07/10, Guaranteed Student Loans, AMT(a)(b)
    4,750       4,750  
                 
              8,000  
                 
New York (0.3%)
Monroe County Industrial Development Agency, Cherry Ridge Apartments LLC, RB, 0.250%, 04/01/10, LOC: HSBC Bank USA N.A.(a)(b)
    6,085       6,085  
Troy Industrial Development Authority Civic Facility, Rensselaer Polytechnical Institute, Ser B, RB, 0.300%, 04/01/10, LOC: Bank of America N.A.(a)(b)
    7,100       7,100  
                 
              13,185  
                 
Ohio (0.2%)
Cuyahoga County Housing Revenue, Euclid Avenue Housing Corp., Ser A, RB, 0.270%, 04/01/10, LOC: PNC Bank N.A.(a)(b)
    7,000       7,000  
                 
Oregon (0.4%)
Clackamas County Hospital Facility Authority, Legacy Health System, Ser A, RB, 0.270%, 04/07/10, LOC: U.S. Bank N.A.(a)(b)
    10,000       10,000  
Clackamas County Hospital Facility Authority, Legacy Health System, Ser C, RB, 0.270%, 04/07/10, LOC: U.S. Bank N.A.(a)(b)
    10,000       10,000  
                 
              20,000  
                 
                 
 
See Notes to Financial Statements.


181


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Prime Quality Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Pennsylvania (1.0%)
Allegheny County Hospital Development Authority, University of Pittsburgh Medical Center, Ser C, RB, 0.260%, 04/07/10, LOC: PNC Bank N.A.(a)(b)
    3,900       3,900  
Delaware County Industrial Development Authority, Airport Facilities, United Parcel Service Project, RB, 0.280%, 04/01/10(a)(b)
    1,700       1,700  
Lancaster Industrial Development Authority, Willow Valley Retirement Communities, Ser B, RB, 0.270%, 04/01/10, LOC: PNC Bank N.A.(a)(b)
    10,000       10,000  
Pennsylvania Housing Finance Agency, Single Family Mortgage, Ser 85C, RB, 0.260%, 04/07/10, LOC: FNMA, FHLMC, AMT(a)(b)
    6,600       6,600  
Pennsylvania State Higher Educational Facilities Authority, Gannon University, RB, 0.290%, 04/01/10, LOC: PNC Bank N.A.(a)(b)
    4,000       4,000  
Philadelphia Authority for Industrial Development, Bakers Bay Elderly Associates, RB, 0.290%, 04/01/10, GNMA(a)(b)
    3,365       3,365  
Philadelphia School District, Subser A-3, GO, 0.300%, 04/01/10, LOC: Bank of America N.A.(a)(b)
    9,900       9,900  
Pittsburgh Water & Sewer Authority, First Lien, Ser B2, RB, 0.290%, 04/01/10, LOC: PNC Bank N.A.(a)(b)
    8,875       8,875  
                 
              48,340  
                 
Texas (1.1%)
Gulf Coast Waste Disposal Authority Pollution Control, Exxon Mobil Corp. Project, RB, 0.240%, 04/01/10(a)(b)
    4,475       4,475  
Harris County Health Facilities Development Authority, Baylor College of Medicine, Ser A2, RB, 0.290%, 04/01/10, LOC: Bank of America N.A.(a)(b)
    15,000       15,000  
Harris County Industrial Development Corp. Pollution Control, RB, 0.240%, 04/01/10(a)(b)
    13,400       13,400  
Harris County Industrial Development Corp. Pollution Control, RB, 0.240%, 04/01/10(a)(b)
    16,540       16,540  
Lower Neches Valley Authority, Industrial Development Corp. Exempt Facilities, Mobil Oil Refining Corp. Project, RB, 0.290%, 04/01/10, AMT(a)(b)
    3,600       3,600  
                 
              53,015  
                 
Virginia (0.4%)
Chesapeake Bay Bridge & Tunnel District, Ser A, RB, 0.280%, 04/01/10, LOC: Banking & Trust Co.(a)(b)
    9,600       9,600  
Fauquier County Industrial Development Authority, Wakefield School, Inc., RB, 0.250%, 04/01/10, LOC: PNC Bank N.A.(a)(b)
    7,000       7,000  
Peninsula Ports Authority Coal Terminal, Dominion Terminal Project, Ser C, RB, 0.300%, 04/01/10, LOC: Citibank N.A.(a)(b)
    3,400       3,400  
                 
              20,000  
                 
                 
 
See Notes to Financial Statements.


182


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Prime Quality Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Washington (0.6%)
Washington Health Care Facilities Authority, Multicare Health System, Ser B, RB, 0.290%, 04/01/10, LOC: Wells Fargo Bank N.A.(a)(b)
    10,000       10,000  
Washington Health Care Facilities Authority, Swedish Health Services, Ser C, RB, 0.260%, 04/07/10, LOC: U.S. Bank N.A.(a)(b)
    18,000       18,000  
                 
              28,000  
                 
West Virginia (0.1%)
West Virginia State Hospital Finance Authority, West Virginia University Hospitals, Inc., Ser A, RB, 0.270%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    5,000       5,000  
                 
Wisconsin (1.0%)
University Hospitals & Clinics Authority, Ser B, RB, 0.280%, 04/01/10, GO of Authority(a)(b)
    28,000       28,000  
Wisconsin State Health & Educational Facilities Authority, Aurora Health Care Metro, Inc., Ser B, RB, 0.260%, 04/01/10, LOC: U.S. Bank N.A.(a)(b)
    15,385       15,385  
Wisconsin State Health & Educational Facilities Authority, National Regency of New Berlin, Inc., RB, 0.320%, 04/01/10, LOC: JPMorgan Chase & Co.(a)(b)
    5,800       5,800  
                 
              49,185  
                 
Wyoming (0.6%)
Lincoln County Pollution Control, Exxon Mobil Corp. Project, Ser C, RB, 0.240%, 04/01/10(a)(b)
    15,110       15,110  
Lincoln County Pollution Control, Exxon Mobil Corp. Project, Ser D, RB, 0.240%, 04/01/10(a)(b)
    10,205       10,205  
Lincoln County Pollution Control, Exxon Project, Ser A, RB, 0.240%, 04/01/10(a)(b)
    5,760       5,760  
                 
              31,075  
                 
Total Municipal Bonds
            604,962  
                 
U.S. Government Agencies (9.9%)
Federal Farm Credit Bank (2.3%)
0.188%, 04/04/10(a)(b)
    65,000       65,000  
0.198%, 04/03/10(a)(b)
    47,000       47,000  
                 
              112,000  
                 
Federal Home Loan Bank (4.6%)
0.120%, 04/05/10(d)
    30,000       29,999  
0.500%, 10/05/10, Callable 04/05/10 @ 100(e)
    42,950       42,947  
0.500%, 10/18/10(e)
    28,000       28,011  
0.410%, 12/29/10, Callable 06/29/10 @ 100
    40,000       40,000  
0.500%, 03/14/11, Callable 08/26/10 @ 100
    20,000       20,000  
0.550%, 04/12/11, Callable 04/26/10 @ 100
    30,000       30,000  
0.570%, 04/13/11, Callable 06/29/10 @ 100
    20,000       20,000  
0.600%, 04/20/11, Callable 05/05/10 @ 100^
    13,000       13,000  
                 
              223,957  
                 
Federal Home Loan Mortgage Corporation (0.8%)
0.281%, 10/27/10(d)(e)
    40,000       39,935  
                 
Federal National Mortgage Association (2.2%)
0.120%, 04/14/10(d)
    30,000       29,999  
0.141%, 04/13/10(a)(b)
    75,000       74,987  
                 
              104,986  
                 
Total U.S. Government Agencies
            480,878  
                 
Repurchase Agreements (5.2%)
Banc of America Securities, 0.010%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $36,478 (collateralized by Federal Home Loan Mortage Corporation; 2.000%, due 10/23/12; total market value $37,208)
    36,478       36,478  
 
See Notes to Financial Statements.


183


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)

Prime Quality Money Market Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Repurchase Agreements—continued
                 
BNP Paribas, 0.000%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $57,074 (collateralized by U.S. Government Agencies; DN-6.000%, due 09/24/10-11/16/39; total market value $58,218)
    57,074       57,074  
Commerzbank AG, 0.000%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $51,000 (collateralized by U.S. Treasury Notes; 0.875%-3.625%, due 02/28/11-02/15/20; total market value $52,022)
    51,000       51,000  
Deutsche Bank AG, 0.020%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $5,025 (collateralized by Federal National Mortgage Association; 6.250%, due 02/01/11; total market value $5,125)
    5,025       5,025  
HSBC Securities, Inc., 0.000%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $98,646 (collateralized by U.S. Treasury Obligations; 2.625-5.000%, due 12/31/14-05/15/37; total market value $100,619)
    98,646       98,646  
UBS Warburg LLC, 0.010%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $7,501 (collateralized by Federal National Mortgage Association; 4.420%, due 05/06/19; total market value $7,656)
    7,501       7,501  
                 
Total Repurchase Agreements
            255,724  
                 
Money Market Fund (3.1%)
JPMorgan U.S. Government Money Market Fund
    150,000,000       150,000  
                 
Total Money Market Fund
            150,000  
                 
Time Deposits (3.3%)
BNP Paribas, 0.100%, 04/01/10(a)(b)
    56,878       56,878  
Calyon, 0.100%, 04/01/10(a)(b)
    49,162       49,162  
Societe Generale, 0.010%, 04/01/10(a)(b)
    54,079       54,079  
                 
Total Time Deposits
            160,119  
                 
Total Investments (Cost $4,998,857)(f) — 102.5%
    4,998,857  
Liabilities in excess of other assets — (2.5)%
            (123,857 )
                 
Net Assets — 100.0%
          $ 4,875,000  
                 
 
 
 ^ Denotes investment purchased on a when-issued or delayed-delivery basis.
 
(a) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(b) The date shown reflects the next interest rate reset date. Such dates are considered the effective maturity for the purpose of the Fund’s weighted average maturity.
 
(c) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 33.9% of net assets as of March 31, 2010.
 
(d) Rate represents the effective yield at purchase.
 
(e) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(f) Aggregate cost for federal income tax and financial reporting purposes is substantially the same.
 
AMT
— Income subject to Alternative Minimum Tax
 
DN — Discount Note
 
FHLMC — Security guaranteed by Federal Home Loan Mortgage Corporation
 
FNMA — Security guaranteed by Federal National Mortgage Association
 
GNMA — Security guaranteed by Government National Mortgage Association
 
GO — General Obligation
 
LOC — Letter of Credit
 
MTN — Medium Term Note
 
RB — Revenue Bond
 
See Notes to Financial Statements.


184


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
Tax-Exempt Money Market Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Municipal Bonds (98.5%)
Alabama (2.6%)
Birmingham Medical Clinic Board, University of Alabama Health Services Foundation P.C., RB, 0.330%, 04/02/10, LOC: Wells Fargo Bank N.A.(a)(b)
    13,060       13,060  
Birmingham Special Care Facilities Financing Authority, Methodist Home for the Aging, RB, 0.280%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)(c)
    5,725       5,725  
Eutaw Industrial Development Board Pollution Control, Power Co. Project, RB, 0.270%, 04/01/10(a)(b)
    9,600       9,600  
Infirmary Health System Special Care Facilities Financing Authority, Infirmary Health Systems, Inc., Ser B, RB, 0.270%, 04/07/10, LOC: Deutsche Bank A.G.(a)(b)
    2,900       2,900  
West Jefferson Industrial Development Board Pollution Control, Power Co. Project, RB, 0.330%, 04/06/10(a)(b)
    15,000       15,000  
                 
              46,285  
                 
Arizona (0.4%)
Arizona Health Facilities Authority, Catholic Healthcare West, Ser A, RB, 0.270%, 04/07/10, LOC: JPMorgan Chase & Co.(a)(b)
    6,100       6,100  
                 
California (1.8%)
California State Economic Recovery, Ser C-4, GO, 0.270%, 04/01/10, LOC: JPMorgan Chase & Co.(a)(b)
    10,900       10,900  
Riverside County Teeter Finance, 0.210%, 05/06/10
    20,400       20,400  
                 
              31,300  
                 
Colorado (0.9%)
Colorado Educational & Cultural Facilities Authority, Milwaukee Jewish Federation Bond Program, RB, 0.300%, 04/01/10, LOC: U.S. Bank N.A.(a)(b)
    11,590       11,590  
Westminster Economic Development Authority Tax Increment, Mandalay Gardens, RB, 0.300%, 04/07/10, LOC: U.S. Bank N.A.(a)(b)
    4,650       4,650  
                 
              16,240  
                 
Delaware (0.7%)
Delaware State Economic Development Authority, Peninsula United, Ser A, RB, 0.300%, 04/01/10, LOC: PNC Bank N.A.(a)(b)
    13,000       13,000  
                 
District of Columbia (5.4%)
District of Columbia, American Educational Research Association, RB, 0.380%, 04/01/10, LOC: Wells Fargo Bank N.A.(a)(b)
    7,150       7,150  
District of Columbia, Center for Strategic & International Studies, Inc., RB, 0.270%, 04/01/10, LOC: PNC Bank N.A.(a)(b)
    6,730       6,730  
District of Columbia, The Pew Charitable Trusts, Ser A, RB, 0.270%, 04/01/10, LOC: PNC Bank N.A.(a)(b)
    47,000       47,000  
District of Columbia, Thurgood Marshall Center Trust, RB, 0.280%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    2,845       2,845  
Metropolitan Washington Airports, 0.300%, 10/07/10
    30,000       30,000  
                 
              93,725  
                 
Florida (2.1%)
De Soto County Industrial Development, Tremron Project, RB, 0.360%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    2,400       2,400  
 
See Notes to Financial Statements.


185


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Tax-Exempt Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Florida—continued
                 
Jacksonville Economic Development Commission, Goodwill Industries of North Florida Project, RB, 0.430%, 04/02/10, LOC: Southtrust Bank N.A.(a)(b)
    3,240       3,240  
Miami-Dade County Industrial Development Authority, Gulliver Schools Project, RB, 0.340%, 04/01/10, LOC: Bank of America N.A.(a)(b)
    6,350       6,350  
Palm Beach County Economic Development, YMCA of South Palm Beach County, Inc., RB, 0.280%, 04/01/10, LOC: Wells Fargo Bank N.A.(a)(b)
    8,095       8,095  
Palm Beach County, Caron Foundation of Florida, Inc. Project, RB, 0.380%, 04/01/10, LOC: Wells Fargo Bank N.A.(a)(b)
    8,915       8,915  
Palm Beach County, IDR, Boca Raton Jewish Community Day School, Inc., RB, 0.380%, 04/01/10, LOC: Wells Fargo Bank N.A.(a)(b)
    2,415       2,415  
Pinellas County Health Facility Authority, Ser A2, RB, 0.290%, 04/01/10(a)(b)
    6,000       6,000  
                 
              37,415  
                 
Georgia (1.9%)
Bulloch County School District Sales Tax, GO, 5.000%, 05/01/10, State Aid Withholding
    4,140       4,154  
Cobb County Development Authority, Dominion Christian High School, Inc., RB, 0.280%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    200       200  
Columbia County Development Authority, Augusta Preparatory Day School, Inc., RB, 0.380%, 04/01/10, LOC: Wells Fargo Bank N.A.(a)(b)(c)
    2,500       2,500  
Columbia County Elderly Authority Residential Care Facilities, Resource Center on Aging, RB, 0.400%, 04/07/10, LOC: Wells Fargo Bank N.A.(a)(b)
    5,160       5,160  
Fayette County Development Authority Educational Facilities, Catholic School Properties, Inc. Project, RB, 0.280%, 04/01/10, LOC: Wells Fargo Bank N.A.(a)(b)
    12,550       12,550  
Fulton County Development Authority Educational Facilities, Catholic School Properties, Inc., RB, 0.280%, 04/01/10, LOC: Wells Fargo Bank N.A.(a)(b)(c)
    6,530       6,530  
Fulton County Development Authority, Kings Ridge Christian School, RB, 0.280%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    3,000       3,000  
                 
              34,094  
                 
Hawaii (1.3%)
Hawaii Pacific Health Special Purpose, Department of Budget & Finance, Ser B, RB, 0.300%, 04/07/10, RADIAN, LOC: Bank of Nova Scotia(a)(b)
    4,620       4,620  
Hawaii Pacific Health Special Purpose, Department of Budget & Finance, Ser B-2, RB, 0.300%, 04/07/10, RADIAN, LOC: Bank of Nova Scotia(a)(b)
    18,450       18,450  
                 
              23,070  
                 
Illinois (11.9%)
Chicago Board of Education, Ser A, GO, 0.280%, 04/01/10, LOC: JPMorgan Chase & Co.(a)(b)
    5,900       5,900  
Illinois Development Finance Authority, RB, 0.320%, 04/01/10, LOC: Bank of America N.A.(a)(b)
    6,629       6,629  
 
See Notes to Financial Statements.


186


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Tax-Exempt Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Illinois—continued
                 
Illinois Development Finance Authority, St. Vincent de Paul Center, RB, 0.370%, 11/15/39, Mandatory Put 03/02/11 @ 100
    28,300       28,300  
Illinois Educational Facilities Authority, Art Institute of Chicago, RB, 0.300%, 04/07/10, SPA: Northern Trust Co.(a)(b)
    14,800       14,800  
Illinois Educational Facilities Authority, Field Museum Natural History, RB, 0.260%, 04/07/10, LOC: Northern Trust Co.(a)(b)(c)
    8,300       8,300  
Illinois Finance Authority, 0.250%, 05/25/10
    17,410       17,410  
Illinois Finance Authority, 0.300%, 07/08/10
    24,000       24,000  
Illinois Finance Authority, 0.300%, 08/04/10
    20,000       20,000  
Illinois Finance Authority, Art Institute of Chicago, Ser B-2, RB, 0.300%, 04/01/10, LOC: Northern Trust Co.(a)(b)
    2,100       2,100  
Illinois Finance Authority, Chicago Symphony Orchestra, RB, 0.290%, 04/01/10, LOC: U.S. Bank N.A.(a)(b)
    10,000       10,000  
Illinois Finance Authority, Elim Christian Services Project, RB, 0.330%, 04/01/10, LOC: JPMorgan Chase & Co.(a)(b)
    11,940       11,940  
Illinois Finance Authority, Northwestern University, Subser A, RB, 0.400%, 12/01/34, Mandatory Put 03/01/11 @ 100
    7,500       7,500  
Illinois Finance Authority, Northwestern University, Subser C, RB, 0.320%, 12/01/46, Mandatory Put 03/01/11 @ 100
    8,000       8,000  
Illinois Finance Authority, Pollution Control, Commonwealth Edison Company, Ser F, RB, 0.280%, 04/07/10(a)(b)
    8,080       8,080  
Illinois Finance Authority, Resurrection Health, Ser C, RB, 0.370%, 04/01/10, LOC: LaSalle Bank N.A.(a)(b)
    32,235       32,235  
Illinois Health Facilities Authority, Memorial Health System, RB, 0.320%, 04/01/10, LOC: JPMorgan Chase & Co.(a)(b)
    3,200       3,200  
                 
              208,394  
                 
Indiana (4.5%)
Crawfordville, IDR, National Service Industrial, Inc. Project, RB, 0.380%, 04/01/10, LOC: Wells Fargo Bank N.A.(a)(b)(c)
    4,000       4,000  
Indiana Development Finance Authority, Indianapolis Museum of Art, RB, 0.300%, 04/07/10, LOC: JPMorgan Chase & Co.(a)(b)
    19,200       19,200  
Indiana Finance Authority Health System, Sisters of St. Francis Health Services, Inc., Ser H, RB, 0.290%, 04/07/10, LOC: JPMorgan Chase & Co.(a)(b)
    16,300       16,300  
Indiana Health Facility Financing Authority, Ascension Health, Ser A-2, RB, 0.300%, 04/07/10(a)(b)
    16,600       16,600  
Indiana State Finance Authority, Ascension Health Credit Group, RB, 0.390%, 11/15/36, Mandatory Put 05/17/10 @ 100
    2,400       2,400  
Indiana State Finance Authority, Ascension Health, Ser E5, RB, 0.330%, 11/15/36, Mandatory Put 06/15/10 @ 100
    3,310       3,310  
Indiana State Finance Authority, Ascension Health, Ser E7, RB, 0.330%, 11/15/36, Mandatory Put 06/15/10 @ 100
    3,310       3,310  
Indiana State Finance Authority, Ascension Health, Ser E8, RB, 0.330%, 11/15/36, Mandatory Put 06/15/10 @ 100
    3,310       3,310  
 
See Notes to Financial Statements.


187


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Tax-Exempt Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Indiana—continued
                 
Marion Economic Development, Wesleyan University Project, RB, 0.320%, 04/01/10, LOC: Bank of America N.A.(a)(b)
    10,000       10,000  
                 
              78,430  
                 
Iowa (1.0%)
Iowa Financing Authority, Diocese of Sioux City Project, RB, 0.280%, 04/01/10, LOC: Wells Fargo Bank N.A.(a)(b)
    5,115       5,115  
Iowa Higher Education Loan Authority, St. Ambrose University, RB, 0.320%, 04/01/10, LOC: Northern Trust Co.(a)(b)
    8,700       8,700  
Webster County Educational Facilities, St. Edmond Project, RB, 0.380%, 04/01/10, LOC: Wells Fargo Bank N.A.(a)(b)
    4,425       4,425  
                 
              18,240  
                 
Kansas (0.1%)
Kansas Development Finance Authority Health Facilities, Deaconess Long Term Care, Ser C, RB, 0.310%, 04/07/10, LOC: JPMorgan Chase & Co.(a)(b)
    2,000       2,000  
                 
Kentucky (5.2%)
Boyle County College, Centre College Project, Ser A, RB, 0.270%, 04/01/10, LOC: PNC Bank N.A.(a)(b)
    24,000       24,000  
Kentucky Public Energy Authority, Gas Supply, Ser A, RB, 0.280%, 04/01/10(a)(b)
    63,397       63,397  
Simpson County Hospital, The Medical Center at Franklin, Inc., RB, 0.280%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    4,250       4,250  
                 
              91,647  
                 
Louisiana (1.0%)
East Baton Rouge Parish Industrial Development Board, Inc., RB, 0.320%, 04/01/10, LOC: Bank of America N.A.(a)(b)
    13,600       13,600  
Louisiana Local Government Environmental Facilities and Community Development, SRL Holdings LLC Project, RB, 0.280%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    3,520       3,520  
                 
              17,120  
                 
Maryland (6.0%)
Howard County, Glenelg Country School, Inc., RB, 0.290%, 04/02/10, LOC: PNC Bank N.A.(a)(b)
    5,400       5,400  
Johns Hopkins University, 0.200%, 06/14/10
    13,277       13,277  
Johns Hopkins University, 0.270%, 09/15/10
    8,043       8,043  
Maryland Health & Higher Educational Facilities Authority, 0.270%, 08/03/10
    15,150       15,150  
Maryland Industrial Development Financing Authority Port Facilities, Occidental Petroleum Corp., RB, 0.260%, 04/01/10(a)(b)
    10,000       10,000  
Maryland State Economic Development Corp., YMCA of Central Maryland, Inc. Project, RB, 0.280%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    3,300       3,300  
Maryland State Health & Higher Education Facilities Authority, Frederick Memorial Hospital, RB, 0.310%, 04/07/10, LOC: Branch Banking & Trust Co.(a)(b)
    18,000       18,000  
Maryland State Health & Higher Education Facilities Authority, Howard County General Hospital, RB, 0.270%, 04/01/10, LOC: PNC Bank N.A.(a)(b)
    8,000       8,000  
 
See Notes to Financial Statements.


188


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Tax-Exempt Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Maryland—continued
                 
Maryland State Health & Higher Education Facilities Authority, Johns Hopkins Health System, Ser A, RB, 0.270%, 04/01/10, LOC: PNC Bank N.A.(a)(b)
    5,000       5,000  
Maryland State Health & Higher Education Facilities Authority, Severn School, Inc., RB, 0.290%, 04/01/10, LOC: PNC Bank N.A.(a)(b)
    7,400       7,400  
Maryland State Health & Higher Education Facilities Authority, Upper Chesapeake Hospital, Ser B, RB, 0.310%, 04/07/10, LOC: Branch Banking & Trust Co.(a)(b)
    5,960       5,960  
Montgomery County Economic Development, American Gastroenterological Association, RB, 0.380%, 04/01/10, LOC: Wells Fargo Bank N.A.(a)(b)
    2,410       2,410  
University System of Maryland, Ser A, RB, 0.550%, 07/01/23, Mandatory Put 06/01/10 @ 100
    4,000       4,000  
                 
              105,940  
                 
Massachusetts (0.5%)
Massachusetts Health & Educational Facilities Authority, Amherst College, Ser H, RB, 0.480%, 11/01/33, Mandatory Put 07/08/10 @ 100
    7,747       7,747  
Massachusetts State Industrial Finance Agency, Automatic Data Processing, Inc., RB, 0.480%, 04/01/10(a)(b)
    1,000       1,000  
                 
              8,747  
                 
Michigan (0.8%)
Michigan State Hospital Finance Authority, Ascension Health Credit Group, Ser B1, RB, 0.280%, 05/04/10(a)(b)
    5,800       5,800  
Michigan State, COP, 5.500%, 06/01/18, Prerefunded 06/01/10 @ 100, AMBAC
    2,000       2,016  
Oakland County Economic Development Corp., Cranbrook Educational Community, RB, 0.330%, 04/01/10, LOC: JPMorgan Chase & Co.(a)(b)
    6,995       6,995  
                 
              14,811  
                 
Minnesota (2.8%)
Minnesota State Higher Education Facilities Authority, William Mitchell, Ser 5-S, RB, 0.280%, 04/01/10, LOC: U.S. Bank N.A.(a)(b)
    9,865       9,865  
Rochester Health Care Facilities, Mayo Clinic, Ser D, RB, 0.700%, 11/15/38, Mandatory Put 04/01/10 @ 100
    7,800       7,800  
Rochester Health Care Facilities, Mayo Clinic, Ser E, RB, 0.550%, 11/15/38, Mandatory Put 05/10/10 @ 100
    4,000       4,000  
Rochester Minnesota Health Care, 0.280%, 06/01/10
    10,000       10,000  
St. Paul Port Authority District Cooling, District Cooling St. Paul, Inc., Ser 9-BB, RB, 0.300%, 04/01/10, LOC: Deutsche Bank A.G.(a)(b)
    2,380       2,380  
University of Minnesota, 0.350%, 04/08/10
    5,000       5,000  
University of Minnesota, 0.280%, 08/05/10
    9,500       9,500  
                 
              48,545  
                 
Mississippi (0.8%)
Mississippi Business Finance Corp., Horn Island Realty LLC, RB, 0.380%, 04/01/10, LOC: Wells Fargo Bank N.A.(a)(b)
    7,410       7,410  
 
See Notes to Financial Statements.


189


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Tax-Exempt Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Mississippi—continued
                 
Mississippi Hospital Equipment & Facilities Authority, Baptist Memorial Health Care Corp., Ser B2, RB, 0.270%, 06/03/10(a)(b)
    6,800       6,800  
                 
              14,210  
                 
Missouri (3.2%)
Missouri Development Finance Board, 0.250%, 04/05/10
    21,000       21,000  
Missouri Development Finance Board, 0.250%, 04/05/10
    18,533       18,533  
Missouri Development Finance Board, 0.250%, 04/05/10
    2,270       2,270  
Missouri State Health & Educational Facilities Authority, Ascension Health, Ser C-1, RB, 0.560%, 05/04/10(a)(b)
    7,500       7,500  
St. Joseph Industrial Development Authority Health Facilities, Heartland Regional Medical Center, Ser A, RB, 0.270%, 04/07/10, LOC: U.S. Bank N.A.(a)(b)
    6,000       6,000  
                 
              55,303  
                 
Nebraska (0.3%)
Madison County Hospital Authority No. 001, Faith Regional Health Services, Ser B, RB, 0.280%, 04/01/10, LOC: U.S. Bank N.A.(a)(b)
    5,000       5,000  
                 
Nevada (2.3%)
Las Vegas Valley Water, 0.200%, 04/30/10
    24,500       24,500  
Las Vegas Valley Water, 0.240%, 08/05/10
    15,000       15,000  
                 
              39,500  
                 
New York (2.5%)
Metropolitan Transportation Authority, Ser G, RB, 0.270%, 04/07/10, LOC: BNP Paribas(a)(b)
    6,700       6,700  
New York City, Subser A-10, GO, 0.290%, 04/01/10, LOC: Morgan Guarantee Trust(a)(b)
    5,750       5,750  
New York Liberty Development Corp., World Trade Center Project, Ser A, RB, 0.500%, 12/01/49, Callable 10/12/10 @ 100(a)
    30,675       30,678  
                 
              43,128  
                 
North Carolina (4.9%)
Board of Governors University, Inc., 0.180%, 04/05/10
    20,000       20,000  
Board of Governors University, Inc., 0.240%, 06/04/10
    4,000       4,000  
Charlotte Airport, Ser C, RB, 0.270%, 04/07/10, LOC: Wells Fargo Bank N.A.(a)(b)
    6,345       6,345  
Guilford County Industrial Facilities & Pollution Control Financing, YMCA of Greensboro, Inc. Project, RB, 0.280%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    3,500       3,500  
North Carolina Capital Facilities Finance Agency, Aquarium Society Project, RB, 0.320%, 04/01/10, LOC: Bank of America N.A.(a)(b)
    6,440       6,440  
North Carolina Capital Facilities Finance Agency, Educational Facilities, Countryside Montessori School, RB, 0.380%, 04/01/10, LOC: Wells Fargo Bank N.A.(a)(b)
    7,500       7,500  
North Carolina Capital Facilities Finance Agency, Educational Facilities, High Point University Project, RB, 0.280%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    6,100       6,100  
North Carolina Educational Facilities Finance Agency, Davidson College, Ser B, RB, 0.280%, 04/01/10(a)(b)
    4,820       4,820  
North Carolina Educational Facilities Finance Agency, Gardner-Webb University, RB, 0.280%, 04/01/10, LOC: Wells Fargo Bank N.A.(a)(b)(c)
    2,400       2,400  
 
See Notes to Financial Statements.


190


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Tax-Exempt Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
North Carolina—continued
                 
North Carolina Medical Care Commission, Health Care Facilities, Aston Park Health Care Center Project, RB, 0.380%, 04/01/10, LOC: Wells Fargo Bank N.A.(a)(b)
    2,700       2,700  
North Carolina Medical Care Commission, Health Care Facilities, Deerfield Episcopal Retirement Community, Inc., Ser B, RB, 0.280%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    5,000       5,000  
North Carolina Medical Care Commission, Health Care Facilities, Lutheran Services for the Aging Project, RB, 0.310%, 04/07/10, LOC: Branch Banking & Trust Co.(a)(b)
    14,295       14,295  
North Carolina Medical Care Commission, Westcare Health Systems Obligation, Ser A, RB, 0.280%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    3,560       3,560  
                 
              86,660  
                 
Ohio (2.4%)
Columbus Ohio, Ser 1, GO, 2.000%, 12/10/10
    10,325       10,446  
Hamilton County Health Care Facilities, Deaconess Long Term Care, Ser A, RB, 0.310%, 04/07/10, LOC: JPMorgan Chase & Co.(a)(b)
    5,660       5,660  
Ohio State University (The), Ser B, RB, 0.250%, 04/07/10(a)(b)
    25,000       25,000  
                 
              41,106  
                 
Pennsylvania (8.0%)
Adams County Industrial Development Authority, Brethren Home Community Project, RB, 0.320%, 04/01/10, LOC: PNC Bank N.A.(a)(b)
    7,600       7,600  
Allegheny County Industrial Development Authority Health Care, Vincentian Collaborative, Ser A, RB, 0.290%, 04/01/10, LOC: PNC Bank N.A.(a)(b)
    4,300       4,300  
Beaver County Industrial Development Authority Pollution Control, Firstenergy Nuclear Generation Corp., RB, 0.310%, 04/01/10, LOC: Barclays Bank PLC(a)(b)
    8,000       8,000  
Cumberland County Municipal Authority, Obligated Group Project, Ser A, RB, 0.380%, 04/01/10, LOC: Wells Fargo Bank N.A(a)(b)
    3,095       3,095  
Delaware County Industrial Development Authority, Airport Facilities, United Parcel Service Project, RB, 0.280%, 04/01/10(a)(b)
    4,900       4,900  
Doylestown Hospital Authority Revenue, Ser B, RB, 0.270%, 04/01/10, LOC: PNC Bank N.A.(a)(b)
    11,700       11,700  
Erie Higher Education Building Authority, Gannon University Project, Ser F, RB, 0.290%, 04/01/10, LOC: PNC Bank N.A.(a)(b)
    1,240       1,240  
Huntington County General Authority College, Juniata College Project, Ser A, RB, 0.290%, 04/01/10, LOC: PNC Bank N.A.(a)(b)
    4,800       4,800  
Luzerne County, Convention Center Authority, Hotel Room Rent Tax, Ser A, RB, 0.290%, 04/01/10, LOC: PNC Bank N.A.(a)(b)
    2,415       2,415  
Montgomery County Industrial Development Authority, 0.190%, 04/07/10
    12,100       12,100  
Montgomery County Industrial Development Authority, 0.200%, 04/14/10
    20,400       20,400  
 
See Notes to Financial Statements.


191


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Tax-Exempt Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Pennsylvania—continued
                 
Pennsylvania State University, Ser B, RB, 1.500%, 06/01/31, Mandatory Put 06/01/10 @ 100
    11,250       11,269  
Philadelphia School District, Subser D-1, GO, 0.270%, 04/01/10, State Aid Withholding(a)(b)
    13,000       13,000  
Southeastern Transportation Authority, RB, 0.270%, 04/01/10, LOC: PNC Bank N.A.(a)(b)(d)
    24,440       24,440  
Washington County Authority, Courthouse Square, Girard Estate Project, RB, 0.290%, 04/01/10, LOC: JPMorgan Chase & Co.(a)(b)(c)
    1,000       1,000  
Washington County Hospital Authority, Hospital Project, Ser B, RB, 0.290%, 04/01/10, LOC: Wells Fargo Bank N.A.(a)(b)
    9,500       9,500  
                 
              139,759  
                 
South Carolina (1.6%)
South Carolina Educational Facilities Authority for Private Nonprofit Institutions, Claflin University, RB, 0.320%, 04/01/10, LOC: Bank of America N.A.(a)(b)
    4,640       4,640  
South Carolina Jobs-Economic Development Authority, Hammond School Project, RB, 0.380%, 04/01/10, LOC: Wells Fargo Bank N.A.(a)(b)
    3,860       3,860  
South Carolina Jobs-Economic Development Authority, USC Development Foundation Project, RB, 0.280%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    6,000       6,000  
South Carolina Jobs-Economic Development Authority, YMCA of Beaufort County Project, RB, 0.280%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    2,990       2,990  
South Carolina Jobs-Economic Development Hospital Authority, Tuomey Regional Medical Center, RB, 0.280%, 04/01/10, LOC: Wells Fargo Bank N.A.(a)(b)
    6,440       6,440  
University of South Carolina Development Foundation, RB, 0.280%, 04/01/10, GO(a)(b)
    3,970       3,970  
                 
              27,900  
                 
Tennessee (5.8%)
Blount County Public Building Authority, Local Government Public Improvement, Ser E-1-A, RB, 0.320%, 04/07/10, LOC: Branch Banking & Trust Co.(a)(b)
    4,200       4,200  
Blount County Public Building Authority, Local Government Public Improvement, Ser E-10-A, RB, 0.320%, 04/07/10, LOC: Branch Banking & Trust Co.(a)(b)
    4,965       4,965  
Blount County Public Building Authority, Local Government Public Improvement, Ser E-5-A, RB, 0.320%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    7,800       7,800  
Blount County Public Building Authority, Local Government Public Improvement, Ser E-5-B, RB, 0.320%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    9,470       9,470  
Bristol Health & Educational Facilities Board, King College Project, RB, 0.320%, 04/01/10, LOC: Bank of America N.A.(a)(b)
    6,800       6,800  
Clarksville Public Building Authority, RB, 0.320%, 04/01/10, LOC: Bank of America N.A.(a)(b)
    9,080       9,080  
Dayton Industrial Development Board, IDR, La-Z-Boy Chair Co. Project, RB, 0.430%, 04/01/10, LOC: Wells Fargo Bank N.A.(a)(b)(c)
    4,350       4,350  
 
See Notes to Financial Statements.


192


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Tax-Exempt Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Tennessee—continued
                 
Knox County Health Educational & Housing Facilities Board, Baptist Hospital System Project, RB, 0.280%, 04/07/10, LOC: LaSalle Bank N.A.(a)(b)
    12,315       12,315  
Metropolitan Government Nashville & Davidson County, Health & Educational Facility Board, Vanderbilt University, Ser B-3, RB, 5.000%, 10/01/44, Callable 04/01/10 @ 100, NATL-RE
    4,255       4,255  
Montgomery County Public Building Authority Pooled Financing Government Obligation, RB, 0.370%, 04/01/10, LOC: Bank of America N.A.(a)(b)(c)
    2,200       2,200  
Montgomery County Tennessee Public Building Authority Pooled Financing, RB, 0.310%, 04/01/10, LOC: Bank of America N.A.(a)(b)
    21,645       21,645  
Sevier County Public Building Authority, Local Government Public Improvement, Ser V-V-B-1, RB, 0.280%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    5,425       5,425  
Shelby County Tennessee Health Educational & Housing Facilities Board, Gables-Tennessee Properties LLC, RB, 0.300%, 04/07/10, LOC: Wells Fargo Bank N.A.(a)(b)
    9,300       9,300  
                 
              101,805  
                 
Texas (5.4%)
Alamo Heights Higher Educational Facilities Corp., Higher Educational, University Incarnate, Ser A, RB, 0.320%, 04/01/10, LOC: JPMorgan Chase & Co.(a)(b)
    9,380       9,380  
Brazos Harbor Industrial Development Corp., Port Facilities, American Rice, Inc. Project, Ser A, RB, 0.300%, 04/07/10, LOC: HSBC Bank USA N.A.(a)(b)
    13,300       13,300  
Harris County Industrial Development Corp. Pollution Control, RB, 0.240%, 04/01/10(a)(b)
    6,000       6,000  
Harris County Texas Cultural Educational, RB, 0.400%, 06/03/10
    25,900       25,900  
Harris County, Toll Road Senior Lien, Ser B-2, RB, 2.000%, 08/15/21, Mandatory Put 08/12/10 @ 100
    11,635       11,699  
Houston Texas, 0.250%, 05/27/10
    3,900       3,900  
Texas State, Tax & Revenue Anticipation Notes, RB, 2.500%, 08/31/10
    24,860       25,077  
                 
              95,256  
                 
Utah (0.2%)
Jordanelle Special Service District Special Assessment, Tuhaye Project, RB, 0.280%, 04/01/10, LOC: Wells Fargo Bank N.A.(a)(b)
    3,720       3,720  
                 
Virginia (3.8%)
Fairfax County Industrial Development Authority, Inova Health System Foundation, Ser C, RB, 0.300%, 04/07/10(a)(b)
    2,795       2,795  
Fairfax County, Ser D, GO, 2.000%, 10/01/10
    5,985       6,036  
Fauquier County Industrial Development Authority, Wakefield School, Inc., RB, 0.250%, 04/01/10, LOC: PNC Bank N.A.(a)(b)
    120       120  
Henrico County Economic Development Authority, Residential Care Facility, Westminster Canterbury, Ser B, RB, 0.280%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    7,815       7,815  
 
See Notes to Financial Statements.


193


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Tax-Exempt Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Virginia—continued
                 
Henrico County Economic Development Authority, Steward School Project, RB, 0.280%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    1,000       1,000  
Norfolk Economic Development Authority Hospital Facilities, Sentara Healthcare, Ser A, RB, 0.230%, 11/01/34, Mandatory Put 05/05/10 @ 100
    3,900       3,900  
Rockingham County Industrial Development Authority, Sunnyside Presbyterian Project, RB, 0.280%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    12,945       12,945  
University of Virginia, 0.200%, 07/08/10
    8,250       8,250  
Virginia Beach Development Authority, Ocean Ranch Project, RB, 0.280%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)(c)
    1,275       1,275  
Virginia Commonwealth University Health System Authority, Ser A, RB, 0.280%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    7,400       7,400  
Virginia Commonwealth University Health System Authority, Ser B, RB, 0.320%, 04/01/10, LOC: Wells Fargo Bank N.A., AMBAC(a)(b)
    1,800       1,800  
Virginia Commonwealth University Health System Authority, Ser B, RB, 0.320%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    12,700       12,700  
                 
              66,036  
                 
Washington (0.8%)
Bremerton, Kitsap Regional Conference, RB, 0.340%, 04/01/10, LOC: Bank of America N.A.(a)(b)
    5,005       5,005  
Washington State Housing Finance Commission, Multifamily Housing, Lake City Senior Apartments Project, RB, 0.320%, 04/07/10, FHLMC(a)(b)
    4,000       4,000  
Washington State Housing Finance Commission, Nonprofit, Evergreen School Project, RB, 0.380%, 04/01/10, LOC: Wells Fargo Bank N.A.(a)(b)
    4,555       4,555  
                 
              13,560  
                 
Wisconsin (5.2%)
Wisconsin Health & Educational Facilities Authority, 0.280%, 04/06/10
    19,970       19,970  
Wisconsin Health & Educational Facilities Authority, 0.250%, 04/07/10
    35,000       35,000  
Wisconsin Health & Educational Facilities Authority, Indian Community School of Milwaukee, Inc., 0.300%, 04/07/10, LOC: JPMorgan Chase & Co.(a)(b)
    10,000       10,000  
Wisconsin State Health & Educational Facilities Authority, Aurora Health Care Metro, Inc., Ser B, RB, 0.260%, 04/01/10, LOC: U.S. Bank N.A.(a)(b)
    4,640       4,640  
Wisconsin State Health & Educational Facilities Authority, Benevolent Corp. Cedar Community, 0.330%, 04/01/10, LOC: JPMorgan Chase & Co.(a)(b)(d)
    13,690       13,690  
Wisonsin Health & Educational Facilities Authority, 0.300%, 08/05/10
    8,225       8,225  
                 
              91,525  
                 
Wyoming (0.4%)
Lincoln County Pollution Control, Exxon Mobil Corp. Project, Ser D, RB, 0.240%, 04/01/10(a)(b)
    7,050       7,050  
                 
Total Municipal Bonds
            1,726,621  
                 
                 
 
See Notes to Financial Statements.


194


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Tax-Exempt Money Market Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Money Market Funds (0.3%)
Federated Tax-Free Obligations Fund
    4,853,874       4,854  
Goldman Sachs Financial Square Tax-Free Money Market Fund
    668,943       669  
                 
Total Money Market Funds
            5,523  
                 
Total Investments (Cost $1,732,144)(e) — 98.8%
            1,732,144  
Other assets in excess of liabilities — 1.2%
            20,413  
                 
Net Assets — 100.0%
          $ 1,752,557  
                 
 
 
(a) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(b) The date shown reflects the next interest rate reset date. Such dates are considered the effective maturity for the purpose of the Fund’s weighted average maturity.
 
(c) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 2.2% of net assets as of March 31, 2010.
 
(d) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(e) Aggregate cost for federal income tax and financial reporting purposes is substantially the same.
 
AMBAC
— Security guaranteed by American Municipal Bond Assurance Corporation
 
COP
— Certificate of Participation
 
FHLMC
— Security guaranteed by Federal Home Loan Mortgage Corporation
 
GO
— General Obligation
 
IDR
— Industrial Development Revenue
 
LOC
— Letter of Credit
 
NATL-RE
— Reinsurance provided by National Public Finance Guarantee Corporation
 
RADIAN
— Insured by Radian Asset Assurance
 
RB
— Revenue Bond
 
See Notes to Financial Statements.


195


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
U.S. Government Securities Money Market Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
U.S. Government Agencies (61.8%)
Federal Farm Credit Bank (0.7%)
0.170%, 04/17/10(a)(b)
    6,250       6,250  
                 
Federal Home Loan Bank (21.6%)
0.553%, 04/01/10(c)
    6,000       6,000  
0.110%, 04/05/10(c)
    15,000       15,000  
0.125%, 04/07/10(c)(d)
    13,473       13,473  
0.095%, 04/09/10(c)
    10,000       10,000  
0.125%, 04/14/10(c)
    26,000       25,999  
0.371%, 04/16/10(c)
    7,000       6,999  
0.120%, 04/21/10(c)
    10,000       9,999  
0.125%, 04/23/10(c)
    15,000       14,999  
0.400%, 04/01/10(a)(b)
    6,000       6,000  
0.150%, 05/19/10(c)
    13,000       12,997  
0.300%, 04/01/10(a)(b)
    10,000       10,000  
0.180%, 06/11/10(c)
    10,000       9,996  
0.160%, 07/16/10(c)
    12,500       12,494  
0.500%, 10/05/10, Callable 04/05/10 @ 100(d)
    7,500       7,499  
0.375%, 10/08/10
    5,000       5,002  
0.410%, 12/29/10, Callable 06/29/10 @ 100
    5,000       5,000  
0.400%, 12/30/10
    3,800       3,799  
0.500%, 03/14/11, Callable 08/26/10 @ 100
    5,000       5,000  
0.550%, 03/23/11, Callable 06/09/10 @ 100
    5,000       5,000  
0.550%, 04/12/11, Callable 04/26/10 @ 100
    7,000       7,000  
0.600%, 04/20/11, Callable 05/05/10 @ 100^
    5,000       5,000  
                 
              197,256  
                 
Federal Home Loan Mortgage Corporation (20.0%)
0.155%, 04/05/10(c)
    10,000       10,000  
0.120%, 04/13/10(c)
    15,000       14,999  
0.190%, 04/19/10(c)
    15,350       15,349  
0.115%, 04/26/10(c)
    11,390       11,389  
0.155%, 04/28/10(c)
    10,000       9,999  
0.150%, 05/03/10(c)(d)
    3,625       3,625  
0.512%, 05/05/10(c)
    5,800       5,797  
0.442%, 05/17/10(c)
    7,500       7,496  
0.150%, 05/19/10(c)
    12,500       12,497  
0.170%, 06/07/10(c)
    18,500       18,494  
0.160%, 06/14/10(c)
    6,000       5,998  
0.145%, 06/15/10(c)
    12,500       12,496  
0.250%, 06/21/10(c)
    35,500       35,483  
0.220%, 08/23/10(c)
    11,000       10,990  
0.210%, 09/01/10(c)
    7,500       7,493  
                 
              182,105  
                 
Federal National Mortgage Association (19.5%)
0.110%, 04/07/10(c)
    7,100       7,100  
0.175%, 05/25/10(c)
    17,000       16,996  
0.170%, 06/02/10(c)
    14,300       14,296  
0.180%, 06/23/10(c)
    6,500       6,497  
0.205%, 06/30/10(c)
    14,500       14,493  
0.160%, 07/06/10(c)
    14,500       14,494  
0.150%, 07/07/10(c)
    12,000       11,995  
0.200%, 07/08/10(c)
    10,000       9,995  
0.543%, 07/12/10(c)
    22,000       21,982  
0.141%, 04/13/10(a)(b)
    10,000       9,998  
0.170%, 07/14/10(c)
    13,000       12,994  
0.251%, 07/19/10(c)
    6,000       5,995  
0.210%, 08/02/10(c)
    10,000       9,993  
0.301%, 10/12/10(c)
    12,500       12,480  
2.250%, 04/09/12, Callable 04/09/10 @ 100
    7,500       7,504  
                 
              176,812  
                 
Total U.S. Government Agencies
            562,423  
                 
U.S. Treasury Obligation (0.7%)
U.S. Treasury Bill (0.7%)
0.285%, 06/10/10(c)
    6,000       5,996  
                 
Total U.S. Treasury Obligation
            5,996  
                 
Repurchase Agreements (38.1%)
Banc of America Securities, 0.010%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $40,607 (collateralized by Federal National Mortgage Association; 3.000%, due 03/09/15; total market value $41,420)
    40,607       40,607  
BNP Paribas, 0.000%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $146,617 (collateralized by U.S. Government Agencies; DN-6.090%, due 05/14/10-12/26/36; total market value $149,550)
    146,617       146,617  
Commerzbank AG, 0.000%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $30,198 (collateralized by U.S. Treasury Note; 0.875%, due 02/28/11; total market value $30,805)
    30,198       30,198  
 
See Notes to Financial Statements.


196


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
U.S. Government Securities Money Market Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Repurchase Agreements—continued
                 
Deutsche Bank AG, 0.020%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $28,947 (collateralized by Federal Home Loan Bank; 2.400%, due 02/10/14; total market value $29,529)
    28,947       28,947  
HSBC Securities, Inc., 0.000%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $87,702 (collateralized by U.S. Treasury Bond; 5.000%, due 05/15/37; total market value $89,460)
    87,702       87,702  
UBS Warburg LLC, 0.010%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $12,746 (collateralized by Federal National Mortgage Association; 4.420%, due 05/06/19; total market value $13,006)
    12,746       12,746  
                 
Total Repurchase Agreements
            346,817  
                 
Total Investments (Cost $915,236)(e) — 100.6%
            915,236  
Liabilities in excess of other assets — (0.6)%
            (5,061 )
                 
Net Assets — 100.0%
          $ 910,175  
                 
 
 
^ Denotes investment purchased on a when-issued or delayed-delivery basis.
 
(a) The date shown reflects the next date on which the Fund has the right to sell the security to the issuer or the issuer’s agent. Such dates are considered the effective maturity for the purpose of the Fund’s weighted average maturity.
 
(b) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(c) Rate represents the effective yield at purchase.
 
(d) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(e) Aggregate cost for federal income tax and financial reporting purposes is substantially the same.
 
DN
— Discount Note
 
See Notes to Financial Statements.


197


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
U.S. Treasury Money Market Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
U.S. Treasury Obligations (59.0%)
U.S. Treasury Bills (59.0%)
0.181%, 04/01/10(a)
    33,500       33,500  
0.146%, 04/08/10(a)
    69,000       68,999  
0.135%, 04/15/10(a)
    47,500       47,498  
0.150%, 04/19/10(a)
    16,750       16,749  
0.110%, 04/22/10(a)
    25,000       24,998  
0.065%, 04/29/10(a)
    59,300       59,295  
0.120%, 05/06/10(a)
    57,000       56,993  
0.157%, 05/13/10(a)
    70,000       69,989  
0.135%, 05/20/10(a)
    32,245       32,240  
0.141%, 05/27/10(a)
    28,000       27,994  
0.107%, 06/03/10(a)
    35,500       35,492  
0.117%, 06/10/10(a)
    30,000       29,993  
0.150%, 06/17/10(a)
    10,000       9,997  
0.113%, 07/01/10(a)
    20,500       20,494  
0.115%, 07/08/10(a)
    31,285       31,275  
0.127%, 07/15/10(a)
    18,085       18,078  
0.131%, 07/22/10(a)
    18,085       18,077  
0.161%, 08/05/10(a)
    6,000       5,997  
0.172%, 09/23/10(a)
    17,000       16,986  
0.210%, 10/21/10(a)
    17,000       16,980  
0.253%, 11/18/10(a)
    17,000       16,972  
0.406%, 12/16/10(a)
    5,000       4,985  
                 
Total U.S. Treasury Obligations
            663,581  
                 
Repurchase Agreements (42.5%)
Banc of America Securities, 0.000%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $97,665 (collateralized by U.S. Treasury Note; 3.250%, due 05/31/16; total market value $99,619)
    97,665       97,665  
BNP Paribas, 0.000%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $63,461 (collateralized by U.S. Treasury Obligations; 0.000%-3.375%, due 11/15/17-04/15/32; total market value $64,731)
    63,461       63,461  
Commerzbank AG, 0.000%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $75,620 (collateralized by U.S. Treasury Note; 0.875%, due 02/28/11; total market value $77,134)
    75,620       75,620  
Commerzbank AG, 0.170%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $33,000 (collateralized by U.S. Treasury Note; 0.875%, due 02/28/11; total market value $33,663)
    33,000       33,000  
Deutsche Bank AG, 0.010%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $33,688 (collateralized by U.S. Treasury Note; 4.625%, due 11/15/16; total market value $34,361)
    33,688       33,688  
HSBC Securities, Inc., 0.000%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $64,681 (collateralized by U.S. Treasury Notes; 3.625%-4.750%, due 11/30/11-08/15/17; total market value $65,976)
    64,681       64,681  
JPMorgan Chase & Co., 0.000%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $7,000 (collateralized by U.S. Treasury Note; 2.500%, due 03/31/15; total market value $7,145)
    7,000       7,000  
Royal Bank of Scotland, 0.000%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $96,482 (collateralized by U.S. Treasury Note; 1.500%, due 12/31/13; total market value $98,412)
    96,482       96,482  
 
See Notes to Financial Statements.


198


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
U.S. Treasury Money Market Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Repurchase Agreements—continued
                 
UBS Warburg LLC, 0.010%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $7,336 (collateralized by U.S. Treasury Note; 2.750%, due 02/15/19; total market value $7,486)
    7,336       7,336  
                 
Total Repurchase Agreements
            478,933  
                 
Total Investments (Cost $1,142,514)(b) — 101.5%
            1,142,514  
Liabilities in excess of other assets — (1.5)%
            (16,921 )
                 
Net Assets — 100.0%
          $ 1,125,593  
                 
 
 
(a) Rate represents the effective yield at purchase.
 
(b) Aggregate cost for federal income tax and financial reporting purposes is substantially the same.
 
See Notes to Financial Statements.


199


 

SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Virginia Tax-Free Money Market Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Municipal Bonds (98.8%)
District of Columbia (0.4%)
Metropolitan Washington D.C. Airports Authority, Airport System, Ser A, RB, 5.500%, 10/01/10, NATL-RE/FGIC, AMT
    1,365       1,395  
                 
Indiana (0.6%)
Indiana State Finance Authority, Ascension Health, Ser E5, RB, 0.330%, 11/15/36, Mandatory Put 06/15/10 @ 100
    630       630  
Indiana State Finance Authority, Ascension Health, Ser E7, RB, 0.330%, 11/15/36, Mandatory Put 06/15/10 @ 100
    630       630  
Indiana State Finance Authority, Ascension Health, Ser E8, RB, 0.330%, 11/15/36, Mandatory Put 06/15/10 @ 100
    630       630  
                 
              1,890  
                 
Kentucky (2.2%)
Kentucky Public Energy Authority, Gas Supply, Ser A, RB, 0.280%, 04/01/10(a)(b)
    6,937       6,937  
                 
Michigan (0.3%)
Michigan State Hospital Finance Authority, Ascension Health Credit Group, Ser B1, RB, 0.280%, 05/04/10(a)(b)
    1,125       1,125  
                 
New York (1.7%)
New York Liberty Development Corp., World Trade Center Project, Ser A, RB, 0.500%, 12/01/49, Callable 10/12/10 @ 100(a)
    5,380       5,380  
                 
Puerto Rico (7.3%)
Barclays Capital Municipal Trust Receipts Various States, Ser 10-B, RB, 0.260%, 04/01/10, Callable 08/01/17 @ 100, LIQ FAC: Barclays Bank PLC(a)(b)(c)
    11,250       11,250  
Puerto Rico Commonwealth Infrastructure Financing Authority, Special Obligation, Ser A, RB, 5.500%, 10/01/40, Prerefunded 10/01/10 @ 101
    8,330       8,636  
Puerto Rico Commonwealth, Ser A-9, GO, 0.230%, 04/01/10, LOC:
               
Wells Fargo Bank N.A.(a)(b)
    3,000       3,000  
                 
              22,886  
                 
Virginia (86.3%)
Alexandria Industrial Development Authority, Educational Facilities, Alexandria County Day School Project, RB, 0.290%, 04/07/10, LOC: PNC
               
Bank N.A.(a)(b)
    3,665       3,665  
Charlottesville Industrial Development Authority, Seminole, Ser A, RB, 0.320%, 04/07/10, Callable 05/12/10 @ 100, LOC: Branch Banking & Trust Co.(a)(b)
    2,915       2,915  
Chesapeake, Public Improvement, GO, 5.500%, 12/01/10
    1,500       1,552  
Chesterfield County Health Center Commission, Residential Care Facilities, Lucy Corr Village, Ser B, RB, 0.280%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    900       900  
Fairfax County Economic Development Authority, Flint Hill School Project, RB, 0.420%, 04/06/10, LOC: Wells Fargo Bank N.A.(a)(b)(c)
    3,850       3,850  
Fairfax County Industrial Development Authority, Fairfax Hospital, Ser D, RB, 0.300%, 04/07/10, LIQ FAC: Inova Health System(a)(b)
    4,900       4,900  
Fairfax County Industrial Development Authority, Inova Health System Foundation, Ser C, RB, 2.000%, 05/15/10
    3,310       3,317  
Fairfax County, Ser D, GO, 2.000%, 10/01/10
    6,000       6,051  
Fauquier County Industrial Development Authority, Wakefield School, Inc., RB, 0.250%, 04/01/10, LOC:
               
PNC Bank N.A.(a)(b)
    2,000       2,000  
 
See Notes to Financial Statements.


200


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Virginia Tax-Free Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Virginia—continued
                 
Greene County Industrial Development Authority, Blue Ridge School Project, RB, 0.280%, 04/01/10, LOC:
               
Branch Banking & Trust Co.(a)(b)
    5,055       5,055  
Hampton Redevelopment & Housing Authority, Multifamily Housing, Shoreline Apartments Project, RB, 0.350%, 04/07/10, FHLMC(a)(b)
    1,885       1,885  
Hanover County Economic Development Authority, Bon Secours-Maria Manor Nursing Care Center, Inc., Ser D-2, RB, 0.270%, 04/07/10, LOC:
               
U.S. Bank N.A.(a)(b)
    29,165       29,165  
Henrico County Economic Development Authority, Residential Care Facilities, Westminster Canterbury, RB, 0.280%, 04/01/10, LOC:
               
Branch Banking & Trust Co.(a)(b)
    8,310       8,310  
Henrico County Economic Development Authority, Residential Care Facility, Westminster Canterbury, Ser B, RB, 0.280%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    6,860       6,860  
Henrico County Economic Development Authority, Steward School Project, RB, 0.280%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    2,400       2,400  
JPMorgan Chase Putters Drivers Trust Various States, Ser 3590, RB, 0.290%, 04/01/10, LIQ FAC: JPMorgan Chase & Co.(a)(b)(c)
    5,000       5,000  
Loudoun County Industrial Development Authority, Day School, Inc., RB, 0.250%, 04/01/10, LOC: PNC Bank N.A.(a)(b)
    13,310       13,310  
Loudoun County Industrial Development Authority, Howard Hughes Medical Institute Project, Ser B, RB, 0.260%, 04/07/10(a)(b)
    10,405       10,405  
Loudoun County Industrial Development Authority, Howard Hughes Medical Institute Project, Ser D, RB, 0.230%, 04/07/10(a)(b)
    26,550       26,550  
Lynchburg Industrial Development Authority, Aerofin Corp. Project, RB, 0.380%, 04/01/10, LOC: PNC Bank N.A., AMT(a)(b)
    2,075       2,075  
Lynchburg Industrial Development Authority, Centra Health, Inc., Ser C, RB, 0.270%, 04/01/10, LOC:
               
Branch Banking & Trust Co.(a)(b)
    7,285       7,285  
Newport News Industrial Development Authority, CNU Warwick LLC Student Housing Project, RB, 0.320%, 04/01/10, LOC: Bank of America N.A.(a)(b)
    8,835       8,835  
Norfolk Redevelopment & Housing Authority, Student Housing I LLC Project, Ser E2F, RB, 0.320%, 04/01/10, LOC: Bank of America N.A.(a)(b)(d)
    8,445       8,445  
Peninsula Ports Authority, Riverside Health Systems Project, RB, 0.350%, 04/07/10(a)(b)
    16,300       16,300  
Pulaski County Industrial Development Authority, Pulaski Furniture Corp. Project, RB, 0.400%, 04/01/10, LOC: Bank of America N.A.(a)(b)(c)
    425       425  
Richmond, GO, 5.000%, 07/15/10, AGM
    2,865       2,903  
Salem Industrial Development Authority, Multifamily Housing, Oak Park Preservation LP, RB, 0.350%, 04/01/10, FNMA(a)(b)
    2,740       2,740  
 
See Notes to Financial Statements.


201


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Virginia Tax-Free Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Virginia—continued
                 
Tazewell County Industrial Development Authority, Jennmar Corp. of Virginia, Inc., RB, 0.380%, 04/01/10, LOC: PNC Bank N.A., AMT(a)(b)
    4,350       4,350  
University of Virginia, 0.200%, 07/08/10
    10,000       10,000  
Virginia Beach Development Authority, Wesleyan College Project, RB, 0.320%, 04/01/10, LOC: Bank of America N.A.(a)(b)
    7,845       7,845  
Virginia Beach, GO, 0.290%, 04/01/10(a)(b)(c)
    4,745       4,745  
Virginia Biotechnology Research Park Authority, United Network of Organ Sharing Project, RB, 0.280%, 04/01/10, LOC:
               
Wells Fargo Bank N.A.(a)(b)
    8,105       8,105  
Virginia Commonwealth Transportation Board, U.S. Route 58 Corridor Development, Ser B, RB, 5.250%, 05/15/10
    1,550       1,559  
Virginia Commonwealth University Health System Authority, Ser B, RB, 0.320%, 04/01/10, AMBAC/County Guaranteed(a)(b)(d)
    7,150       7,150  
Virginia Commonwealth University Health System Authority, Ser C, RB, 0.350%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    9,800       9,800  
Virginia Housing Development Authority, Commonwealth Mortgage, Ser C07, RB, 0.360%, 04/07/10, GO of Authority, AMT(a)(b)(c)(d)
    685       685  
Virginia Public Building Authority, Public Facilities, Ser A, RB, 5.000%, 08/01/10
    4,000       4,061  
Virginia Public Building Authority, Public Facilities, Ser A, RB, 5.750%, 08/01/17, Prerefunded 08/01/10 @ 100
    1,370       1,395  
Virginia Small Business Financing Authority Hospital, Carilion Medical Center, Ser A, RB, 0.300%, 04/01/10, SPA: Wells Fargo Bank N.A.(a)(b)
    3,700       3,700  
Virginia Small Business Financing Authority, Hampton University, Ser A, RB, 0.270%, 04/01/10, LOC: PNC Bank N.A.(a)(b)
    5,000       5,000  
Virginia Small Business Financing Authority, National Capital Area Council, RB, 0.280%, 04/01/10, LOC: Wells Fargo Bank N.A.(a)(b)
    6,145       6,145  
Virginia State Public Building Authority Public Facilities, Ser A, RB, 5.000%, 08/01/10
    6,185       6,285  
Virginia State Public School Authority, Ser B, RB, 5.000%, 08/01/10
    1,900       1,930  
Winchester Industrial Development Authority, Residential Care Facilities, Westminster-Canterbury, Ser B, RB, 0.280%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    1,900       1,900  
                 
              271,753  
                 
Total Municipal Bonds
            311,366  
                 
Money Market Funds (1.0%)
Federated Tax-Free Obligations Fund
    116,606       117  
Goldman Sachs Financial Square Tax-Free Money Market Fund
    2,899,691       2,900  
                 
Total Money Market Funds
            3,017  
                 
Total Investments (Cost $314,383)(e) — 99.8%
            314,383  
Other assets in excess of liabilities — 0.2%
            496  
                 
Net Assets — 100.0%
          $ 314,879  
                 
 
 
(a) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(b) The date shown reflects the next interest rate reset date. Such dates are considered the effective maturity for the purpose of the Fund’s weighted average maturity.
 
(c) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/subadviser
 
See Notes to Financial Statements.


202


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Virginia Tax-Free Money Market Fund — concluded
 
has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 8.2% of net assets as of March 31, 2010.
 
(d) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(e) Aggregate cost for federal income tax and financial reporting purposes is substantially the same.
 
AGM
— Security guaranteed by Assured Guaranty Municipal Corporation
 
AMBAC
— Security guaranteed by American Municipal Bond Assurance Corporation
 
AMT
— Income subject to Alternative Minimum Tax
 
FGIC
— Security guaranteed by Financial Guaranty Insurance Company
 
FHLMC
— Security guaranteed by Federal Home Loan Mortgage Corporation
 
FNMA
— Security guaranteed by Federal National Mortgage Association
 
GO
— General Obligation
 
LIQ FAC
— Liquidity Facilities
 
LOC
— Letter of Credit
 
NATL-RE
— Reinsurance provided by National Public Finance Guarantee Corporation
 
RB
— Revenue Bond
 
SPA
— Standby Purchase Agreement
 
See Notes to Financial Statements.


203


 

 
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands)
 
                                                         
            High
              Investment
        Georgia
  Grade
          Investment
  Grade
    Corporate
  Tax-Exempt
  Municipal
  High
  Intermediate
  Grade
  Tax-Exempt
    Bond
  Bond
  Bond
  Income
  Bond
  Bond
  Bond
    Fund   Fund   Fund   Fund   Fund   Fund   Fund
 
Assets:
                                                       
Total Investments, at Cost
  $ 170,649     $ 212,374     $ 55,775     $ 197,890     $ 1,574,218     $ 393,275     $ 1,066,711  
                                                         
Investments, at Value*
  $ 181,126     $ 218,588     $ 59,203     $ 149,840     $ 1,536,502     $ 395,029     $ 1,040,618  
Investments in Affiliates, at Value and Cost
                      57,544       83,180       16,872       51,719  
                                                         
Total Investments
    181,126       218,588       59,203       207,384       1,619,682       411,901       1,092,337  
                                                         
Interest and Dividends Receivable
    2,436       2,647       838       2,643       16,034       4,782       10,913  
Receivable for Capital Shares Issued
    255       258       40       939       4,581       1,502       2,990  
Receivable for Investment Securities Sold
                1,966       6,562       1,402       557       25,808  
Appreciated Credit Default Swap Agreements, at Value
                            3,377       899        
Unrealized Appreciation on Forward Foreign Currency Contracts
                            2,258       607        
Prepaid Expenses
    13       4       11       14       24       12       24  
                                                         
Total Assets
    183,830       221,497       62,058       217,542       1,647,358       420,260       1,132,072  
                                                         
Liabilities:
                                                       
Income Distributions Payable
    678       664       221       986       3,731       1,152       2,444  
Payable for Investment Securities Purchased
    1,801       4,564       985       22,113       54,202       5,765       66,354  
Payable for Capital Shares Redeemed
    87       116       10       154       6,807       1,932       398  
Depreciated Credit Default Swap Agreements, at Value
                            6,505       1,971        
Unrealized Depreciation on Forward Foreign Currency Contracts
                            11       3        
Payable Upon Return of Securities Loaned
                      25,951       3,471       584        
Investment Advisory Fees Payable
    61       100       26       74       318       176       437  
Administration, Fund Accounting and Transfer Agency Fees Payable
    8       5       2       4       38       10       29  
Compliance Services Fees Payable
    5       2       1             16       3       17  
Shareholder Servicing Fees Payable
    1                         32       4       12  
Distribution and Services Fees Payable
    17       1       1       8       3       12       6  
Custodian Fees Payable
    3       1       1             4       2       4  
Trustee Fees Payable
    2       1                   6       1       6  
Accrued Expenses
    19       3       3       2       39       7       49  
                                                         
Total Liabilities
    2,682       5,457       1,250       49,292       75,183       11,622       69,756  
                                                         
Total Net Assets
  $ 181,148     $ 216,040     $ 60,808     $ 168,250     $ 1,572,175     $ 408,638     $ 1,062,316  
                                                         
Net Assets Consist of:
                                                       
Capital
  $ 178,765     $ 214,263     $ 59,215     $ 163,222     $ 1,525,198     $ 388,448     $ 1,026,574  
Accumulated Net Investment Income (Loss)
    (678 )     190       (7 )     (41 )     789       (972 )     (154 )
Accumulated Net Realized Gain (Loss) from Investment, Swap and Foreign Currency Transactions
    (7,416 )     (4,627 )     (1,828 )     (4,425 )     (2,891 )     1,589       10,270  
Net Unrealized Appreciation/Depreciation on Investments, Swaps and Foreign Currencies
    10,477       6,214       3,428       9,494       49,079       19,573       25,626  
                                                         
Net Assets
  $ 181,148     $ 216,040     $ 60,808     $ 168,250     $ 1,572,175     $ 408,638     $ 1,062,316  
                                                         
Net Assets:
                                                       
I Shares
  $ 157,739     $ 205,856     $ 55,203     $ 148,252     $ 1,559,191     $ 372,232     $ 1,037,972  
A Shares#
    4,524       10,184       5,605       3,822       11,916       26,790       24,344  
C Shares
    18,885                                      
R SharesÙ
                      16,176       1,068       9,616        
Shares Outstanding (unlimited number of shares authorized, no par value):
                                                       
I Shares
    16,383       20,130       4,953       21,890       148,123       32,606       86,593  
A Shares#
    467       995       503       564       1,132       2,347       2,029  
C Shares
    1,961                                      
R SharesÙ
                      2,387       102       842        
Net Asset Value and Redemption Price Per Share:(a)
                                                       
I Shares
  $ 9.63     $ 10.23     $ 11.15     $ 6.77     $ 10.53     $ 11.42     $ 11.99  
A Shares#
    9.67       10.24       11.15       6.78       10.53       11.42       12.00  
C Shares(b)
    9.63       N/A       N/A       N/A       N/A       N/A       N/A  
R SharesÙ
    N/A       N/A       N/A       6.78       10.53       11.42       N/A  
Offering Price per Share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent):
                                                       
I Shares
  $ 9.63     $ 10.23     $ 11.15     $ 6.77     $ 10.53     $ 11.42     $ 11.99  
A Shares#
    10.15       10.75       11.71       7.12       11.06       11.99       12.60  
C Shares
    9.63       N/A       N/A       N/A       N/A       N/A       N/A  
R SharesÙ
    N/A       N/A       N/A       6.78       10.53       11.42       N/A  
Maximum Sales Charge — A Shares
    4.75 %     4.75 %     4.75 %     4.75 %     4.75 %     4.75 %     4.75 %
 
* Investments include securities on loan of $—, $—, $—, $24,784, $3,325, $561 and $—, respectively.
 
# Effective at the close of business on July 31, 2009, C Shares converted to A Shares for the Georgia Tax-Exempt Bond Fund, High Grade Municipal Bond Fund and Investment Grade Tax-Exempt Bond Fund and those Funds’ C Shares are no longer available for purchase.
 
Ù Effective at the close of business on July 31, 2009, C Shares converted to R Shares for the High Income Fund and Investment Grade Bond Fund and those Funds’ C Shares are no longer available for purchase.
 
(a) Per Share amounts may not recalculate due to rounding of net assets and/ or shares outstanding.
 
(b) Redemption price per share varies based on length of time shares are held.
 
Amounts designated as “— ” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


204


 

 
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands)
 
                                                         
                    Seix
       
        Limited-Term
      North
  Floating
       
        Federal
  Maryland
  Carolina
  Rate
  Seix
  Seix
    Limited
  Mortgage
  Municipal
  Tax-Exempt
  High
  Global
  High
    Duration
  Securities
  Bond
  Bond
  Income
  Strategy
  Yield
    Fund   Fund   Fund   Fund   Fund   Fund   Fund
 
Assets:
                                                       
Total Investments, at Cost
  $ 26,428     $ 37,325     $ 28,890     $ 50,459     $ 1,297,042     $ 9,708     $ 1,789,421  
                                                         
Investments, at Value*
  $ 21,782     $ 31,437     $ 30,253     $ 51,980     $ 1,190,782     $ 702     $ 1,679,939  
Investments in Affiliates, at Value and Cost
    4,774       6,346                   153,605       9,006       215,928  
                                                         
Total Investments
    26,556       37,783       30,253       51,980       1,344,387       9,708       1,895,867  
                                                         
Interest and Dividends Receivable
    13       107       288       724       6,950             35,975  
Receivable for Capital Shares Issued
    7       56       99       112       9,231             11,442  
Receivable for Investment Securities Sold
          8,875                   60,319             34,863  
Appreciated Credit Default Swap Agreements, at Value
                            850       214        
Unrealized Appreciation on Forward Foreign Currency Contracts
                                  93        
Prepaid Expenses
    1       8       3       1       30       10       33  
                                                         
Total Assets
    26,577       46,829       30,643       52,817       1,421,767       10,025       1,978,180  
                                                         
Liabilities:
                                                       
Payable for Cash Overdraft
                            9,357              
Income Distributions Payable
    10       75       88       163       5,940             11,889  
Interest and Dividends Payable
                                  6        
Payable for Investment Securities Purchased
    4,076       14,859       1,005             200,228             93,316  
Payable for Capital Shares Redeemed
          11                   977       5       7,379  
Depreciated Credit Default Swap Agreements, at Value
                                  399        
Unrealized Depreciation on Unfunded Transactions
                            1,757             525  
Unrealized Depreciation on Forward Foreign Currency Contracts
                                  7        
Payable Upon Return of Securities Loaned
                                        106,008  
Investment Advisory Fees Payable
    1       10       14       25       427       14       614  
Administration, Fund Accounting and Transfer Agency Fees Payable
    2       1       1       1       27             38  
Compliance Services Fees Payable
    1                         2              
Shareholder Servicing Fees Payable
                            28              
Distribution and Services Fees Payable
          7       1             11             8  
Custodian Fees Payable
    3       1                         2        
Trustee Fees Payable
                            1              
Accrued Expenses
    2       4       2             4       3        
                                                         
Total Liabilities
    4,095       14,968       1,111       189       218,759       436       219,777  
                                                         
Total Net Assets
  $ 22,482     $ 31,861     $ 29,532     $ 52,628     $ 1,203,008     $ 9,589     $ 1,758,403  
                                                         
Net Assets Consist of:
                                                       
Capital
  $ 24,069     $ 49,683     $ 28,431     $ 52,124     $ 1,233,493     $ 9,442     $ 1,781,030  
Accumulated Net Investment Income (Loss)
          (43 )     (42 )     (63 )     230       32       (112 )
Accumulated Net Realized Gain (Loss) from Investment, Swap and Foreign Currency Transactions
    (1,715 )     (18,237 )     (220 )     (954 )     (76,256 )     (52 )     (128,436 )
Net Unrealized Appreciation/Depreciation on Investments, Swaps and Foreign Currencies
    128       458       1,363       1,521       45,541       167       105,921  
                                                         
Net Assets
  $ 22,482     $ 31,861     $ 29,532     $ 52,628     $ 1,203,008     $ 9,589     $ 1,758,403  
                                                         
Net Assets:
                                                       
I Shares
  $ 22,482     $ 20,998     $ 24,332     $ 51,866     $ 1,173,308     $ 9,589     $ 1,723,678  
A Shares#
          2,598       5,200       762       22,298             28,378  
C Shares
          8,265                   7,402              
R SharesÙ
                                        6,347  
Shares Outstanding (unlimited number of shares authorized, no par value):
                                                       
I Shares
    2,314       2,023       2,321       5,152       133,320       933       182,208  
A Shares#
          251       496       76       2,534             3,069  
C Shares
          796                   841              
R SharesÙ
                                        671  
Net Asset Value and Redemption Price Per Share:(a)
                                                       
I Shares
  $ 9.71     $ 10.38     $ 10.48     $ 10.07     $ 8.80     $ 10.28     $ 9.46  
A Shares#
    N/A       10.36       10.48       10.04       8.80       N/A       9.25  
C Shares(b)
    N/A       10.38       N/A       N/A       8.81       N/A       N/A  
R SharesÙ
    N/A       N/A       N/A       N/A       N/A       N/A       9.45  
Offering Price per Share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent):
                                                       
I Shares
  $ 9.71     $ 10.38     $ 10.48     $ 10.07     $ 8.80     $ 10.28     $ 9.46  
A Shares#
    N/A       10.63       11.00       10.54       9.03       N/A       9.71  
C Shares
    N/A       10.38       N/A       N/A       8.81       N/A       N/A  
R SharesÙ
    N/A       N/A       N/A       N/A       N/A       N/A       9.45  
Maximum Sales Charge — A Shares
    N/A       2.50 %     4.75 %     4.75 %     2.50 %     4.75 %     4.75 %
 
* Investments include securities on loan of $—; $—; $—; $—; $—; $— and $101,324, respectively.
 
# Effective at the close of business on July 31, 2009, C Shares converted to A Shares for the Maryland Municipal Bond Fund, North Carolina Tax-Exempt Bond Fund and Seix Global Strategy Fund and those Funds’ C Shares are no longer available for purchase.
 
Ù Effective at the close of business on July 31, 2009, C Shares converted to R Shares for the Seix High Yield Fund and the Fund’s C Shares are no longer available for purchase.
 
(a) Per Share amounts may not recalculate due to rounding of net assets and/ or shares outstanding.
 
(b) Redemption price per share varies based on length of time shares are held.
 
Amounts designated as “— ” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


205


 

 
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands)
 
                                                         
                        U.S.
   
        Short-Term
              Government
   
        U.S.
  Total
      U.S.
  Securities
  Virginia
    Short-Term
  Treasury
  Return
  Ultra-Short
  Government
  Ultra-Short
  Intermediate
    Bond
  Securities
  Bond
  Bond
  Securities
  Bond
  Municipal
    Fund   Fund   Fund   Fund   Fund   Fund   Bond Fund
 
Assets:
                                                       
Total Investments, at Cost
  $ 493,564     $ 44,869     $ 819,456     $ 98,337     $ 77,486     $ 1,415,481     $ 194,250  
                                                         
Investments, at Value*
  $ 474,078     $ 45,545     $ 716,293     $ 92,930     $ 71,662     $ 1,347,159     $ 202,747  
Investments in Affiliates, at Value and Cost
    26,017             124,480       5,674       6,536       71,122        
                                                         
Total Investments
    500,095       45,545       840,773       98,604       78,198       1,418,281       202,747  
                                                         
Cash
          8                                
Segregated Cash at Broker for Futures Contracts
                                  1,615        
Interest and Dividends Receivable
    3,499       260       6,453       359       489       4,532       2,371  
Receivable for Capital Shares Issued
    1,553       52       6,113       152       145       8,753       38  
Receivable for Investment Securities Sold
    11,295       2,044       81,181       1,457             85,409       3,901  
Appreciated Credit Default Swap Agreements, at Value
                1,555                          
Unrealized Appreciation on Forward Foreign Currency Contracts
                1,039                          
Prepaid Expenses
    14       13       15       4       5       32       4  
                                                         
Total Assets
    516,456       47,922       937,129       100,576       78,837       1,518,622       209,061  
                                                         
Liabilities:
                                                       
Income Distributions Payable
    1,038       51       1,958       125       145       1,897       582  
Payable for Investment Securities Purchased
    18,132       2,072       196,747       7,546       1,068       172,641       2,524  
Payable for Capital Shares Redeemed
    379       9       451       193       295       2,414       63  
Depreciated Credit Default Swap Agreements, at Value
                2,972                          
Unrealized Depreciation on Forward Foreign Currency Contracts
                4                          
Payable Upon Return of Securities Loaned
    1,158             970       149                    
Payable to Broker for Futures Transactions
                                  357        
Investment Advisory Fees Payable
    167       8       154       17       34       208       97  
Administration, Fund Accounting and Transfer Agency Fees Payable
    11       1       18       5       4       34       5  
Compliance Services Fees Payable
    2       1       3       2       5       13       4  
Shareholder Servicing Fees Payable
                1                   10        
Distribution and Services Fees Payable
    3       6       2             3             2  
Custodian Fees Payable
    1       1       2       6       3       11       2  
Trustee Fees Payable
    1             1       1       1       6       1  
Accrued Expenses
    8       4       8       4       17       39       8  
                                                         
Total Liabilities
    20,900       2,153       203,291       8,048       1,575       177,630       3,288  
                                                         
Total Net Assets
  $ 495,556     $ 45,769     $ 733,838     $ 92,528     $ 77,262     $ 1,340,992     $ 205,773  
                                                         
Net Assets Consist of:
                                                       
Capital
  $ 503,260     $ 44,738     $ 709,206     $ 96,532     $ 75,187     $ 1,343,922     $ 196,826  
Accumulated Net Investment Income (Loss)
    194       (2 )     (1,876 )     20       1       1,456       34  
Accumulated Net Realized Gain (Loss) from Investment, Swap, Futures and Foreign Currency Transactions
    (14,429 )     357       3,517       (4,291 )     1,362       (7,186 )     416  
Net Unrealized Appreciation/Depreciation on Investments, Swaps, Futures and Foreign Currencies
    6,531       676       22,991       267       712       2,800       8,497  
                                                         
Net Assets
  $ 495,556     $ 45,769     $ 733,838     $ 92,528     $ 77,262     $ 1,340,992     $ 205,773  
                                                         
Net Assets:
                                                       
I Shares
  $ 489,413     $ 33,504     $ 724,588     $ 92,528     $ 71,910     $ 1,340,992     $ 191,537  
A Shares#
    3,389       5,839       8,540             2,314             14,236  
C Shares
    2,754       6,426                   3,038              
R Shares
                710                          
Shares Outstanding (unlimited number of shares authorized, no par value):
                                                       
I Shares
    49,256       3,262       68,361       9,341       8,206       133,178       18,433  
A Shares#
    340       570       782             264             1,370  
C Shares
    276       627                   347              
R Shares
                67                          
Net Asset Value and Redemption Price Per Share:(a)
                                                       
I Shares
  $ 9.94     $ 10.27     $ 10.60     $ 9.91     $ 8.76     $ 10.07     $ 10.39  
A Shares#
    9.96       10.26       10.92       N/A       8.76       N/A       10.39  
C Shares(b)
    9.96       10.25       N/A       N/A       8.76       N/A       N/A  
R Shares
    N/A       N/A       10.60       N/A       N/A       N/A       N/A  
Offering Price per Share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent):
                                                       
I Shares
  $ 9.94     $ 10.27     $ 10.60     $ 9.91     $ 8.76     $ 10.07     $ 10.39  
A Shares#
    10.22       10.52       11.46       N/A       9.20       N/A       10.91  
C Shares
    9.96       10.25       N/A       N/A       8.76       N/A       N/A  
R Shares
    N/A       N/A       10.60       N/A       N/A       N/A       N/A  
Maximum Sales Charge — A Shares
    2.50%       2.50%       4.75%       N/A       4.75%       N/A       4.75 %
 
 * Investments include securities on loan of $1,121, $—, $931, $145, $—, $— and $—, respectively.
 
 # Effective at the close of business on July 31, 2009, C Shares converted to A Shares for the Virginia Intermediate Municipal Bond Fund and the Fund’s C Shares are no longer available for purchase.
 
(a) Per Share amounts may not recalculate due to rounding of net assets and/ or shares outstanding.
 
(b) Redemption price per share varies based on length of time shares are held.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


206


 

 
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands)
 
                                         
            U.S.
       
    Prime
      Government
  U.S.
  Virginia
    Quality
  Tax-Exempt
  Securities
  Treasury
  Tax-Free
    Money
  Money
  Money
  Money
  Money
    Market
  Market
  Market
  Market
  Market
    Fund   Fund   Fund   Fund   Fund
 
Assets:
                                       
Total Investments, at Cost
  $ 4,998,857     $ 1,732,144     $ 915,236     $ 1,142,514     $ 314,383  
                                         
Investments, at Value
  $ 4,743,133     $ 1,732,144     $ 568,419     $ 663,581     $ 314,383  
Repurchase Agreements, at Value and Cost
    255,724             346,817       478,933        
                                         
Total Investments
    4,998,857       1,732,144       915,236       1,142,514       314,383  
                                         
Interest and Dividends Receivable
    1,259       1,339       131       2       608  
Receivable for Capital Shares Issued
    59       4       3       6       5  
Receivable for Investment Securities Sold
          19,601                    
Prepaid Expenses
    47       18       13       16       9  
                                         
Total Assets
    5,000,222       1,753,106       915,383       1,142,538       315,005  
                                         
Liabilities:
                                       
Income Distributions Payable
    148       112       33       32       14  
Payable for Investment Securities Purchased
    124,027             5,000       16,749        
Investment Advisory Fees Payable
    367       204       63       39       29  
Administration, Fund Accounting and Transfer Agency Fees Payable
    64       41       22       26       7  
Compliance Services Fees Payable
    166       54       26       27       20  
Distribution and Services Fees Payable
    66       11       4       5       7  
Custodian Fees Payable
    25       8       4       4       5  
Trustee Fees Payable
    54       18       9       10       6  
Accrued Expenses
    305       101       47       53       38  
                                         
Total Liabilities
    125,222       549       5,208       16,945       126  
                                         
Total Net Assets
  $ 4,875,000     $ 1,752,557     $ 910,175     $ 1,125,593     $ 314,879  
                                         
Net Assets Consist of:
                                       
Capital
  $ 4,879,361     $ 1,752,657     $ 910,204     $ 1,125,658     $ 314,766  
Accumulated Net Investment Income (Loss)
    33       31       (7 )     82       113  
Accumulated Net Realized Gain (Loss) from Investment Transactions
    (4,394 )     (131 )     (22 )     (147 )      
                                         
Net Assets
  $ 4,875,000     $ 1,752,557     $ 910,175     $ 1,125,593     $ 314,879  
                                         
Net Assets:
                                       
I Shares
  $ 2,381,233     $ 1,539,158     $ 729,297     $ 796,213     $ 162,341  
A Shares
    2,492,632       213,399       180,878       329,380       152,538  
C Shares
    1,135                          
Shares Outstanding (unlimited number of shares authorized, no par value):
                                       
I Shares
    2,382,979       1,539,211       729,317       796,285       162,206  
A Shares
    2,495,246       213,446       180,888       329,376       152,364  
C Shares
    1,136                          
Net Asset Value, Offering and Redemption Price Per Share:
                                       
I Shares
  $ 1.00     $ 1.00     $ 1.00     $ 1.00     $ 1.00  
A Shares
    1.00       1.00       1.00       1.00       1.00  
C Shares(a)
    1.00       N/A       N/A       N/A       N/A  
 
(a) Redemption price per share varies based on length of time shares are held.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


207


 

STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS  For the Year Ended March 31, 2010  (Amounts in thousands)
 
                                                         
            High
              Investment
        Georgia Tax-
  Grade
          Investment
  Grade
    Corporate
  Exempt
  Municipal
  High Income
  Intermediate
  Grade Bond
  Tax-Exempt
    Bond Fund   Bond Fund   Bond Fund   Fund   Bond Fund   Fund   Bond Fund
 
Investment Income:
                                                       
Interest Income
  $ 8,471     $ 8,482     $ 3,169     $ 7,906     $ 50,124     $ 19,598     $ 35,244  
Dividend Income
          19       13                         241  
Dividend Income from Affiliated Investment Companies
    6                   10       132       36       24  
Net Income from Securities Lending
    16                   81       382       106        
                                                         
Total Investment Income
    8,493       8,501       3,182       7,997       50,638       19,740       35,509  
                                                         
Expenses:
                                                       
Investment Advisory Fees
    631       1,062       392       491       3,395       2,210       4,758  
Administration, Fund Accounting and Transfer Agency Fees
    58       54       21       32       408       146       299  
Compliance Services Fees
    7       6       2       2       50       13       38  
Distribution and Service Fees — A Shares
    11       9       7       6       20       82       61  
Distribution and Service Fees — C Shares#
    191       14       14       45             43       18  
Distribution and Service Fees — R SharesÙ
                      51       6       45        
Shareholder Servicing Fees — I Shares
    4                         265       5       75  
Shareholder Servicing Fees — A Shares
                                  6        
Shareholder Servicing Fees — R Shares
                            1              
Custodian Fees
    12       7       5       10       42       23       26  
Registration Fees
    38       12       36       36       60       47       68  
Trustee Fees
    5       5       2       2       38       11       30  
Other Fees
    42       21       9       17       217       70       186  
                                                         
Total Expenses
    999       1,190       488       692       4,502       2,701       5,559  
                                                         
Less: Investment Advisory Fees Waived/Expenses Reimbursed
                (12 )     (19 )                  
Less: Administration Fees Waived
    (1 )     (1 )                 (6 )     (2 )     (98 )
                                                         
Net Expenses
    998       1,189       476       673       4,496       2,699       5,461  
                                                         
Net Investment Income (Loss)
    7,495       7,312       2,706       7,324       46,142       17,041       30,048  
                                                         
Net Realized and Unrealized Gain (Loss) on Investments, Swaps and Foreign Currencies:
                                                       
Net Realized Gain (Loss) from
                                                       
Investment and Foreign Currency Transactions
    5,906       1,081       2,217       9,337       16,639       9,973       32,711  
Credit Default Swap Agreements
                      (85 )     (24,760 )     (8,812 )      
Interest Rate Swap Agreements
                            986       388        
Forward Foreign Currency Contracts
                            958       122        
Net Change in Unrealized Appreciation/Depreciation on
                                                       
Investments and Foreign Currencies
    11,172       6,398       2,288       14,543       36,909       15,268       10,460  
Credit Default Swap Agreements
                      141       1,849       541        
Interest Rate Swap Agreements
                            (3 )     (1 )      
Forward Foreign Currency Contracts
                            1,768       401        
                                                         
Net Realized and Unrealized Gain (Loss) on Investments, Swaps and Foreign Currencies
    17,078       7,479       4,505       23,936       34,346       17,880       43,171  
                                                         
Change in Net Assets from Operations
  $ 24,573     $ 14,791     $ 7,211     $ 31,260     $ 80,488     $ 34,921     $ 73,219  
                                                         
 
# Effective at the close of business on July 31, 2009, C Shares converted into A Shares for the Georgia Tax-Exempt Bond Fund, High Grade Municipal Bond Fund and Investment Grade Tax-Exempt Bond Fund and those Funds’ C Shares are no longer available for purchase. The amounts disclosed above for the C Shares are the expenses incurred prior to the conversion.
 
Ù Effective at the close of business on July 31, 2009, C Shares converted to R Shares for the High Income Fund and Investment Grade Bond Fund and those Funds’ C Shares are no longer available for purchase.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


208


 

 
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS  For the Year Ended March 31, 2010  (Amounts in thousands)
 
                                                         
        Limited-Term
                   
        Federal
      North
           
    Limited
  Mortgage
  Maryland
  Carolina Tax-
  Seix Floating
       
    Duration
  Securities
  Municipal
  Exempt Bond
  Rate High
  Seix Global
  Seix High
    Fund   Fund   Bond Fund   Fund   Income Fund   Strategy Fund   Yield Fund
 
Investment Income:
                                                       
Interest Income
  $ 249     $ 1,543     $ 1,328     $ 2,217     $ 61,205     $ 4     $ 118,690  
Dividend Income
                1       6                    
Dividend Income from Affiliated Investment Companies
    18       7                   134       9       133  
Net Income from Securities Lending
                                        367  
                                                         
Total Investment Income
    267       1,550       1,329       2,223       61,339       13       119,190  
                                                         
Expenses:
                                                       
Investment Advisory Fees
    25       202       173       281       3,963       58       5,673  
Administration, Fund Accounting and Transfer Agency Fees
    10       15       10       15       278       3       430  
Compliance Services Fees
    1       1       1       2       17             33  
Distribution and Service Fees — A Shares
          5       5       1       36             54  
Distribution and Service Fees — C Shares#
          84       18             35             19  
Distribution and Service Fees — R SharesÙ
                                        21  
Shareholder Servicing Fees — I Shares
                            43              
Shareholder Servicing Fees — A Shares
                            3              
Custodian Fees
    9       7       5       5       11       1       25  
Registration Fees
    8       31       9       8       67       36       49  
Trustee Fees
    1       1       1       1       13             25  
Other Fees
    4       12       6       7       112       1       176  
                                                         
Total Expenses
    58       358       228       320       4,578       99       6,505  
                                                         
Less: Investment Advisory Fees Waived/Expenses Reimbursed
          (17 )                       (18 )      
Less: Administration Fees Waived
          (1 )                 (4 )           (5 )
                                                         
Net Expenses
    58       340       228       320       4,574       81       6,500  
                                                         
Net Investment Income (Loss)
    209       1,210       1,101       1,903       56,765       (68 )     112,690  
                                                         
Net Realized and Unrealized Gain (Loss) on Investments, Swaps and Foreign Currencies:
                                                       
Net Realized Gain (Loss) from
                                                       
Investment and Foreign Currency Transactions
    (67 )     1,922       419       818       12,168       (65 )     47,463  
Credit Default Swap Agreements
                            2,751       (429 )     2,400  
Interest Rate Swap Agreements
                                  284        
Forward Foreign Currency Contracts
                                  305        
Net Change in Unrealized Appreciation/Depreciation on
                                                       
Investments and Foreign Currencies
    550       (1,039 )     937       1,348       124,319       1       178,090  
Credit Default Swap Agreements
                            14       81       362  
Interest Rate Swap Agreements
                                  (3 )      
Forward Foreign Currency Contracts
                                  39        
                                                         
Net Realized and Unrealized Gain (Loss) on Investments, Swaps and Foreign Currencies:
    483       883       1,356       2,166       139,252       213       228,315  
                                                         
Change in Net Assets from Operations
  $ 692     $ 2,093     $ 2,457     $ 4,069     $ 196,017     $ 145     $ 341,005  
                                                         
 
# Effective at the close of business on July 31, 2009, C Shares converted into A Shares for the Maryland Municipal Bond Fund, North Carolina Tax-Exempt Bond Fund and Seix Global Strategy Fund and those Funds’ C Shares are no longer available for purchase. The amounts disclosed above for the C Shares are the expenses incurred prior to the conversion.
 
Ù Effective at the close of business on July 31, 2009, C Shares converted to R Shares for the Seix High Yield Fund and the Fund’s C Shares are no longer available for purchase.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


209


 

 
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS  For the Year Ended March 31, 2010  (Amounts in thousands)
 
                                                         
                        U.S.
   
        Short-Term
          U.S.
  Government
  Virginia
        U.S. Treasury
          Government
  Securities
  Intermediate
    Short-Term
  Securities
  Total Return
  Ultra-Short
  Securities
  Ultra-Short
  Municipal
    Bond Fund   Fund   Bond Fund   Bond Fund   Fund   Bond Fund   Bond Fund
 
Investment Income:
                                                       
Interest Income
  $ 14,543     $ 1,191     $ 27,389     $ 1,895     $ 4,515     $ 14,214     $ 8,536  
Dividend Income
    17                   3             23       18  
Dividend Income from Affiliated Investment Companies
    36             122       6       8       14        
Net Income from Securities Lending
    47       31       63       1       125              
                                                         
Total Investment Income
    14,643       1,222       27,574       1,905       4,648       14,251       8,554  
                                                         
Expenses:
                                                       
Investment Advisory Fees
    1,692       273       1,689       147       798       1,136       1,130  
Administration, Fund Accounting and Transfer Agency Fees
    124       24       205       36       47       185       59  
Compliance Services Fees
    13       3       19       3       4       20       6  
Distribution and Service Fees — A Shares
    6       12       11             8             17  
Distribution and Service Fees — C Shares#
    28       65                   33             8  
Distribution and Service Fees — R Shares
                3                          
Shareholder Servicing Fees — I Shares
          4       16                   184        
Shareholder Servicing Fees — A Shares
    1                                      
Custodian Fees
    20       6       32       29       5       43       8  
Registration Fees
    45       41       69       17       39       38       14  
Trustee Fees
    10       2       15       2       4       13       5  
Other Fees
    51       16       79       13       21       95       24  
                                                         
Total Expenses
    1,990       446       2,138       247       959       1,714       1,271  
                                                         
Less: Investment Advisory Fees Waived/Expenses Reimbursed
          (30 )           (20 )           (18 )      
Less: Administration Fees Waived
    (2 )     (3 )     (3 )           (4 )     (1 )     (1 )
                                                         
Net Expenses
    1,988       413       2,135       227       955       1,695       1,270  
                                                         
Net Investment Income
    12,655       809       25,439       1,678       3,693       12,556       7,284  
                                                         
Net Realized and Unrealized Gain (Loss) on Investments, Swaps, Futures and Foreign Currencies:
                                                       
Net Realized Gain (Loss) from:
                                                       
Investment and Foreign Currency Transactions
    (2,401 )     1,123       21,121       (1,583 )     12,195       (822 )     999  
Credit Default Swap Agreements
    30             (12,653 )                        
Interest Rate Swap Agreements
                547                          
Forward Foreign Currency Contracts
                184                          
Futures Contracts
    29                               (490 )      
Net Change in Unrealized Appreciation/ Depreciation on:
                                                       
Investments and Foreign Currencies
    22,943       (1,165 )     14,728       3,800       (22,059 )     2,430       2,661  
Credit Default Swap Agreements
    141             919                          
Interest Rate Swap Agreements
                (2 )                        
Forward Foreign Currency Contracts
                757                          
Futures Contracts
    611                                      
                                                         
Net Realized and Unrealized Gain (Loss) on Investments, Swaps, Futures and Foreign Currencies:
    21,353       (42 )     25,601       2,217       (9,864 )     1,118       3,660  
                                                         
Change in Net Assets from Operations
  $ 34,008     $ 767     $ 51,040     $ 3,895     $ (6,171 )   $ 13,674     $ 10,944  
                                                         
 
# Effective at the close of business on July 31, 2009, C Shares converted to A Shares for the Virginia Intermediate Bond Fund and the Fund’s C Shares are no longer available for purchase. The amounts disclosed above for the C Shares are the expenses incurred prior to the conversion.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


210


 

 
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS  For the Year Ended March 31, 2010  (Amounts in thousands)
 
 
                                         
            U.S.
       
            Government
       
    Prime Quality
  Tax-Exempt
  Securities
  U.S. Treasury
  Virginia Tax-
    Money
  Money
  Money
  Money
  Free Money
    Market Fund   Market Fund   Market Fund   Market Fund   Market Fund
 
Investment Income:
                                       
Interest Income
  $ 22,230     $ 6,487     $ 2,899     $ 2,243     $ 1,350  
Dividend Income
    1,555       268       281       77       78  
Interest Income from Affiliated Investments
    56                          
                                         
Total Investment Income
    23,841       6,755       3,180       2,320       1,428  
                                         
Expenses:
                                       
Investment Advisory Fees
    29,439       7,877       5,820       6,380       1,432  
Administration, Fund Accounting and Transfer Agency Fees
    1,583       486       286       312       102  
Compliance Services Fees
    285       67       44       49       18  
Distribution and Service Fees — A Shares
    4,485       386       351       361       267  
Distribution and Service Fees — C Shares
    5                          
Treasury Guarantee Program Fee
    1,630       358                   120  
Custodian Fees
    107       26       17       17       12  
Registration Fees
    77       36       35       29       26  
Trustee Fees
    243       56       37       42       15  
Other Fees
    1,142       219       173       190       57  
                                         
Total Expenses
    38,996       9,511       6,763       7,380       2,049  
Less: Investment Advisory Fees Waived/Expenses Reimbursed
    (16,188 )     (4,135 )     (3,989 )     (5,286 )     (734 )
Less: Administration Fees Waived
    (254 )     (184 )     (47 )     (51 )     (16 )
Less: Distribution and Service Fees Waived — A Shares
    (2,133 )     (148 )     (212 )     (285 )     (104 )
Less: Distribution and Service Fees Waived — C Shares
    (3 )                        
                                         
Net Expenses
    20,418       5,044       2,515       1,758       1,195  
                                         
Net Investment Income (Loss)
    3,423       1,711       665       562       233  
                                         
Net Realized Gain (Loss) on Investments:
                                       
Net Realized Gain (Loss) from Investment Transactions
    106       (58 )           17       61  
                                         
Net Realized Gain (Loss) on Investments:
    106       (58 )           17       61  
                                         
Change in Net Assets from Operations
  $ 3,529     $ 1,653     $ 665     $ 579     $ 294  
                                         
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


211


 

 
STATEMENTS OF CHANGES IN NET ASSETS
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
        Georgia Tax-Exempt
  High Grade Municipal
   
    Corporate Bond Fund   Bond Fund   Bond Fund   High Income Fund
    04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
    03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09
 
Operations:
                                                               
Net Investment Income (Loss)
  $ 7,495     $ 3,683     $ 7,312     $ 6,827     $ 2,706     $ 4,516     $ 7,324     $ 4,090  
Net Realized Gain (Loss) from Investment, Swap and Foreign Currency Transactions
    5,906       (6,405 )     1,081       (4,161 )     2,217       (3,464 )     9,252       (9,785 )
Net Change in Unrealized Appreciation/Depreciation on Investments, Swaps, and Foreign Currencies
    11,172       (365 )     6,398       525       2,288       319       14,684       (3,305 )
                                                                 
Change in Net Assets from Operations
    24,573       (3,087 )     14,791       3,191       7,211       1,371       31,260       (9,000 )
                                                                 
Dividends and Distributions to Shareholders:
                                                               
Net Investment Income:
                                                               
I Shares
    (6,582 )     (3,756 )     (7,047 )     (6,567 )     (2,502 )     (4,326 )     (5,778 )     (2,492 )
A Shares#
    (170 )     (73 )     (225 )     (137 )     (164 )     (72 )     (159 )     (181 )
C Shares#
    (743 )     (1,393 )     (40 )     (123 )     (40 )     (118 )            
R SharesÙ
                                        (1,255 )     (1,372 )
                                                                 
Total Dividends and Distributions
    (7,495 )     (5,222 )     (7,312 )     (6,827 )     (2,706 )     (4,516 )     (7,192 )     (4,045 )
                                                                 
Change in Net Assets from Capital Transactions
    103,837       (20,042 )     37,944       (4,427 )     (24,297 )     (97,741 )     107,078       (1,831 )
                                                                 
Change in Net Assets
    120,915       (28,351 )     45,423       (8,063 )     (19,792 )     (100,886 )     131,146       (14,876 )
                                                                 
Net Assets:
                                                               
Beginning of Period
    60,233       88,584       170,617       178,680       80,600       181,486       37,104       51,980  
                                                                 
End of Period
  $ 181,148     $ 60,233     $ 216,040     $ 170,617     $ 60,808     $ 80,600     $ 168,250     $ 37,104  
                                                                 
Accumulated Net Investment Income (Loss), End of Period
  $ (678 )   $ (1,098 )   $ 190     $ 190     $ (7 )   $ (7 )   $ (41 )   $ (50 )
                                                                 
 
Effective at the close of business on July 31, 2009, C Shares converted into A Shares for the Georgia Tax-Exempt Bond Fund and High Grade Municipal Bond Fund and those Funds’ C Shares are no longer available for purchase.
 
Ù  Effective at the close of business on July 31, 2009, C Shares converted to R Shares for the High Income Fund and the Fund’s C Shares are no longer available for purchase. The amounts prior to such date are disclosed as R Shares.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


212


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
        Georgia Tax-Exempt
  High Grade Municipal
   
    Corporate Bond Fund   Bond Fund   Bond Fund   High Income Fund
    04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
    03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09
 
Capital Transactions:
                                                               
I Shares:
                                                               
Proceeds from Shares Issued
  $ 163,231     $ 9,351     $ 74,450     $ 58,367     $ 8,619     $ 25,580     $ 176,079     $ 16,852  
Dividends Reinvested
    1,753       351       432       394       350       396       3,612       1,399  
Cost of Shares Redeemed
    (61,513 )     (26,710 )     (39,976 )     (60,976 )     (32,494 )     (122,409 )     (73,611 )     (17,073 )
                                                                 
Change in Net Assets from I Shares
    103,471       (17,008 )     34,906       (2,215 )     (23,525 )     (96,433 )     106,080       1,178  
                                                                 
A Shares:#
                                                               
Proceeds from Shares Issued
    2,380       1,620       9,460       81       4,502       19       4,329       6,632  
Dividends Reinvested
    126       39       114       53       80       34       67       69  
Cost of Shares Redeemed
    (548 )     (561 )     (2,354 )     (1,455 )     (1,137 )     (540 )     (2,030 )     (6,437 )
                                                                 
Change in Net Assets from A Shares
    1,958       1,098       7,220       (1,321 )     3,445       (487 )     2,366       264  
                                                                 
C Shares:#
                                                               
Proceeds from Shares Issued
    972       703       1       12             13              
Dividends Reinvested
    520       984       35       108       21       65              
Cost of Shares Redeemed
    (3,084 )     (5,819 )     (4,218 )     (1,011 )     (4,238 )     (899 )            
                                                                 
Change in Net Assets from C Shares
    (1,592 )     (4,132 )     (4,182 )     (891 )     (4,217 )     (821 )            
                                                                 
R Shares:Ù
                                                               
Proceeds from Shares Issued
                                        759       369  
Dividends Reinvested
                                        847       916  
Cost of Shares Redeemed
                                        (2,974 )     (4,558 )
                                                                 
Change in Net Assets from R Shares
                                        (1,368 )     (3,273 )
                                                                 
Change in Net Assets from Capital Transactions
  $ 103,837     $ (20,042 )   $ 37,944     $ (4,427 )   $ (24,297 )   $ (97,741 )   $ 107,078     $ (1,831 )
                                                                 
Share Transactions:
                                                               
I Shares:
                                                               
Issued
    18,132       1,062       7,325       5,981       784       2,396       27,685       3,036  
Reinvested
    184       39       43       40       32       38       587       265  
Redeemed
    (6,608 )     (2,944 )     (3,925 )     (6,364 )     (2,975 )     (11,437 )     (11,516 )     (2,945 )
                                                                 
Change in I Shares
    11,708       (1,843 )     3,443       (343 )     (2,159 )     (9,003 )     16,756       356  
                                                                 
A Shares:#
                                                               
Issued
    257       184       934       8       418       2       681       1,032  
Reinvested
    13       4       11       5       7       3       11       14  
Redeemed
    (57 )     (61 )     (230 )     (151 )     (103 )     (50 )     (312 )     (994 )
                                                                 
Change in A Shares
    213       127       715       (138 )     322       (45 )     380       52  
                                                                 
C Shares:#
                                                               
Issued
    107       77             1             1              
Reinvested
    56       108       3       11       2       6              
Redeemed
    (331 )     (635 )     (421 )     (103 )     (393 )     (85 )            
                                                                 
Change in C Shares
    (168 )     (450 )     (418 )     (91 )     (391 )     (78 )            
                                                                 
R Shares:Ù
                                                               
Issued
                                        118       65  
Reinvested
                                        142       171  
Redeemed
                                        (493 )     (825 )
                                                                 
Change in R Shares
                                        (233 )     (589 )
                                                                 
Change in Shares
    11,753       (2,166 )     3,740       (572 )     (2,228 )     (9,126 )     16,903       (181 )
                                                                 
 
Effective at the close of business on July 31, 2009, C Shares converted into A Shares for the Georgia Tax-Exempt Bond Fund and High Grade Municipal Bond Fund and those Funds’ C Shares are no longer available for purchase.
 
Ù  Effective at the close of business on July 31, 2009, C Shares converted to R Shares for the High Income Fund and the Fund’s C Shares are no longer available for purchase. The amounts prior to such date are disclosed as R Shares.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


213


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
            Investment Grade
   
        Investment Grade
  Tax-Exempt
   
    Intermediate Bond Fund   Bond Fund   Bond Fund   Limited Duration Fund
    04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
    03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09
 
Operations:
                                                               
Net Investment Income (Loss)
  $ 46,142     $ 37,089     $ 17,041     $ 17,672     $ 30,048     $ 22,447     $ 209     $ 928  
Net Realized Gain (Loss) from Investment, Swap and Foreign Currency Transactions
    (6,177 )     23,897       1,671       10,134       32,711       (6,773 )     (67 )     (1,722 )
Net Change in Unrealized Appreciation/Depreciation on Investments, Swaps and Foreign Currencies
    40,523       (3,770 )     16,209       (1,699 )     10,460       10,053       550       170  
                                                                 
Change in Net Assets from Operations
    80,488       57,216       34,921       26,107       73,219       25,727       692       (624 )
                                                                 
Dividends and Distributions to Shareholders:
                                                               
Net Investment Income:
                                                               
I Shares
    (40,778 )     (39,598 )     (13,968 )     (18,421 )     (29,449 )     (21,948 )     (175 )     (877 )
A Shares#
    (207 )     (30 )     (869 )     (751 )     (553 )     (371 )            
C Shares#
                            (46 )     (128 )            
R Shares†Ù
    (25 )     (5 )     (373 )     (291 )                        
Net Realized Gains:
                                                               
I Shares
    (8,037 )     (18,779 )     (328 )           (14,559 )     (4,229 )            
A Shares#
    (46 )     (11 )     (22 )           (332 )     (77 )            
C Shares#
                                  (34 )            
R Shares†Ù
    (8 )     (2 )     (11 )                              
                                                                 
Total Dividends and Distributions
    (49,101 )     (58,425 )     (15,571 )     (19,463 )     (44,939 )     (26,787 )     (175 )     (877 )
                                                                 
Change in Net Assets from Capital Transactions
    466,125       262,145       (37,181 )     12,511       197,622       274,299       (8,861 )     (11,182 )
                                                                 
Change in Net Assets
    497,512       260,936       (17,831 )     19,155       225,902       273,239       (8,344 )     (12,683 )
                                                                 
Net Assets:
                                                               
Beginning of Period
    1,074,663       813,727       426,469       407,314       836,414       563,175       30,826       43,509  
                                                                 
End of Period
  $ 1,572,175     $ 1,074,663     $ 408,638     $ 426,469     $ 1,062,316     $ 836,414     $ 22,482     $ 30,826  
                                                                 
Accumulated Net Investment Income (Loss), End of Period
  $ 789     $ (2,926 )   $ (972 )   $ (1,684 )   $ (154 )   $ (154 )   $     $ 1  
                                                                 
 
Effective at the close of business on July 31, 2009, C Shares converted into A Shares for the Investment Grade Tax-Exempt Bond Fund and the Fund’s C Shares are no longer available for purchase.
 
†  Effective at the close of business on February 12, 2009, C Shares converted to R Shares for the Intermediate Bond Fund and the Fund’s C Shares are no longer available for purchase. The amounts prior to such date are disclosed as R Shares.
 
Ù  Effective at the close of business on July 31, 2009, C Shares converted to R Shares for the Investment Grade Bond Fund and the Fund’s C Shares are no longer available for purchase. The amounts prior to such date are disclosed as R Shares.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


214


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
            Investment Grade
   
        Investment Grade
  Tax-Exempt
   
    Intermediate Bond Fund   Bond Fund   Bond Fund   Limited Duration Fund
    04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
    03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09
 
Capital Transactions:
                                                               
I Shares:
                                                               
Proceeds from Shares Issued
  $ 909,070     $ 498,506     $ 136,011     $ 150,548     $ 440,312     $ 600,939     $ 96     $ 1,357  
Dividends Reinvested
    19,335       12,619       11,529       12,309       16,457       10,405       129       579  
Cost of Shares Redeemed
    (471,909 )     (251,401 )     (182,048 )     (165,010 )     (263,724 )     (339,364 )     (9,086 )     (13,118 )
                                                                 
Change in Net Assets from I Shares
    456,496       259,724       (34,508 )     (2,153 )     193,045       271,980       (8,861 )     (11,182 )
                                                                 
A Shares:#
                                                               
Proceeds from Shares Issued
    13,706       2,286       13,093       16,461       11,669       6,643              
Dividends Reinvested
    216       29       789       677       450       239              
Cost of Shares Redeemed
    (4,796 )     (428 )     (14,312 )     (5,947 )     (2,128 )     (3,887 )            
                                                                 
Change in Net Assets from A Shares
    9,126       1,887       (430 )     11,191       9,991       2,995              
                                                                 
C Shares:#
                                                               
Proceeds from Shares Issued
                            837       217              
Dividends Reinvested
                            34       125              
Cost of Shares Redeemed
                            (6,285 )     (1,018 )            
                                                                 
Change in Net Assets from C Shares
                            (5,414 )     (676 )            
                                                                 
R Shares:†Ù
                                                               
Proceeds from Shares Issued
    1,255       544       2,793       5,016                          
Dividends Reinvested
    27       6       350       257                          
Cost of Shares Redeemed
    (779 )     (16 )     (5,386 )     (1,800 )                        
                                                                 
Change in Net Assets from R Shares
    503       534       (2,243 )     3,473                          
                                                                 
Change in Net Assets from Capital Transactions
  $ 466,125     $ 262,145     $ (37,181 )   $ 12,511     $ 197,622     $ 274,299     $ (8,861 )   $ (11,182 )
                                                                 
Share Transactions:
                                                               
I Shares:
                                                               
Issued
    87,059       48,849       12,090       14,077       36,838       52,023       10       139  
Reinvested
    1,842       1,246       1,017       1,152       1,375       915       13       60  
Redeemed
    (45,098 )     (24,778 )     (16,114 )     (15,461 )     (22,072 )     (29,626 )     (946 )     (1,372 )
                                                                 
Change in I Shares
    43,803       25,317       (3,007 )     (232 )     16,141       23,312       (923 )     (1,173 )
                                                                 
A Shares:#
                                                               
Issued
    1,312       223       1,172       1,523       979       572              
Reinvested
    21       3       70       63       38       21              
Redeemed
    (457 )     (42 )     (1,274 )     (556 )     (178 )     (340 )            
                                                                 
Change in A Shares
    876       184       (32 )     1,030       839       253              
                                                                 
C Shares:#
                                                               
Issued
                            71       18              
Reinvested
                            3       11              
Redeemed
                            (531 )     (89 )            
                                                                 
Change in C Shares
                            (457 )     (60 )            
                                                                 
R Shares:†Ù
                                                               
Issued
    120       53       253       460                          
Reinvested
    3       1       31       24                          
Redeemed
    (74 )     (2 )     (473 )     (170 )                        
                                                                 
Change in R Shares
    49       52       (189 )     314                          
                                                                 
Change in Shares
    44,728       25,553       (3,228 )     1,112       16,523       23,505       (923 )     (1,173 )
                                                                 
 
Effective at the close of business on July 31, 2009, C Shares converted into A Shares for the Investment Grade Tax-Exempt Bond Fund and the Fund’s C Shares are no longer available for purchase.
 
†  Effective at the close of business on February 12, 2009, C Shares converted to R Shares for the Intermediate Bond Fund and the Fund’s C Shares are no longer available for purchase. The amounts prior to such date are disclosed as R Shares.
 
Ù  Effective at the close of business on July 31, 2009, C Shares converted to R Shares for the Investment Grade Bond Fund and the Fund’s C Shares are no longer available for purchase. The amounts prior to such date are disclosed as R Shares.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


215


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
    Limited-Term Federal
           
    Mortgage
  Maryland Municipal
  North Carolina
  Seix Floating Rate High
    Securities Fund   Bond Fund   Tax-Exempt Bond Fund   Income Fund
    04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
    03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09
 
Operations:
                                                               
Net Investment Income (Loss)
  $ 1,210     $ 2,956     $ 1,101     $ 1,329     $ 1,903     $ 1,678     $ 56,765     $ 34,907  
Net Realized Gain (Loss) from Investment and Swap Transactions
    1,922       717       419       (522 )     818       (1,029 )     14,919       (68,652 )
Net Change in Unrealized Appreciation/Depreciation on Investments and Swaps
    (1,039 )     489       937       147       1,348       521       124,333       (26,992 )
                                                                 
Change in Net Assets from Operations
    2,093       4,162       2,457       954       4,069       1,170       196,017       (60,737 )
                                                                 
Dividends and Distributions to Shareholders:
Net Investment Income:
                                                               
I Shares
    (1,033 )     (2,769 )     (933 )     (1,174 )     (1,880 )     (1,656 )     (53,150 )     (34,483 )
A Shares#
    (79 )     (101 )     (120 )     (1 )     (23 )     (22 )     (679 )     (366 )
C Shares#
    (205 )     (342 )     (48 )     (153 )                 (178 )     (15 )
                                                                 
Total Dividends and Distributions
    (1,317 )     (3,212 )     (1,101 )     (1,328 )     (1,903 )     (1,678 )     (54,007 )     (34,864 )
                                                                 
Change in Net Assets from Capital Transactions
    (18,749 )     (50,222 )     (3,241 )     (12,260 )     6,243       921       497,595       98,989  
                                                                 
Change in Net Assets
    (17,973 )     (49,272 )     (1,885 )     (12,634 )     8,409       413       639,605       3,388  
                                                                 
Net Assets:
                                                               
Beginning of Period
    49,834       99,106       31,417       44,051       44,219       43,806       563,403       560,015  
                                                                 
End of Period
  $ 31,861     $ 49,834     $ 29,532     $ 31,417     $ 52,628     $ 44,219     $ 1,203,008     $ 563,403  
                                                                 
Accumulated Net Investment Income (Loss), End of Period
  $ (43 )   $ (43 )   $ (42 )   $ (40 )   $ (63 )   $ (63 )   $ 230     $ (98 )
                                                                 
 
# Effective at the close of business on July 31, 2009, C Shares converted into A Shares for the Maryland Municipal Bond Fund and North Carolina Tax-Exempt Bond Fund and those Fund’s C Shares are no longer available for purchase.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


216


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
    Limited-Term
           
    Federal
      North
   
    Mortgage
  Maryland
  Carolina Tax-
  Seix Floating
    Securities
  Municipal
  Exempt Bond
  Rate High
    Fund   Bond Fund   Fund   Income Fund
    04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
    03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09
 
Capital Transactions:
                                                               
I Shares:
                                                               
Proceeds from Shares Issued
  $ 7,293     $ 4,943     $ 7,500     $ 4,375     $ 18,746     $ 17,596     $ 757,371     $ 401,972  
Dividends Reinvested
    480       990       21       27       35       20       34,287       24,530  
Cost of Shares Redeemed
    (26,479 )     (53,140 )     (10,376 )     (16,116 )     (12,715 )     (16,499 )     (315,573 )     (327,938 )
                                                                 
Change in Net Assets from I Shares
    (18,706 )     (47,207 )     (2,855 )     (11,714 )     6,066       1,117       476,085       98,564  
                                                                 
A Shares:#
                                                               
Proceeds from Shares Issued
    1,046       433       5,671             173             19,475       1,140  
Dividends Reinvested
    64       82       93       1       13       13       269       43  
Cost of Shares Redeemed
    (705 )     (1,091 )     (666 )     (45 )     (9 )     (209 )     (4,694 )     (1,132 )
                                                                 
Change in Net Assets from A Shares
    405       (576 )     5,098       (44 )     177       (196 )     15,050       51  
                                                                 
C Shares:#
                                                               
Proceeds from Shares Issued
    280       37       121       22                   6,620       425  
Dividends Reinvested
    170       286       38       123                   122       9  
Cost of Shares Redeemed
    (898 )     (2,762 )     (5,643 )     (647 )                 (282 )     (60 )
                                                                 
Change in Net Assets from C Shares
    (448 )     (2,439 )     (5,484 )     (502 )                 6,460       374  
                                                                 
Change in Net Assets from Capital Transactions
  $ (18,749 )   $ (50,222 )   $ (3,241 )   $ (12,260 )   $ 6,243     $ 921     $ 497,595     $ 98,989  
                                                                 
Share Transactions:
                                                               
I Shares:
                                                               
Issued
    716       498       723       437       1,886       1,833       90,967       50,915  
Reinvested
    47       100       2       3       4       2       4,056       3,012  
Redeemed
    (2,581 )     (5,383 )     (1,000 )     (1,643 )     (1,271 )     (1,737 )     (37,315 )     (40,485 )
                                                                 
Change in I Shares
    (1,818 )     (4,785 )     (275 )     (1,203 )     619       98       57,708       13,442  
                                                                 
A Shares:#
                                                               
Issued
    102       44       551             18             2,304       150  
Reinvested
    6       8       9             1       2       32       5  
Redeemed
    (68 )     (110 )     (64 )     (5 )     (1 )     (22 )     (550 )     (147 )
                                                                 
Change in A Shares
    40       (58 )     496       (5 )     18       (20 )     1,786       8  
                                                                 
C Shares:#
                                                               
Issued
    27       4       12       3                   786       56  
Reinvested
    17       29       4       12                   14       1  
Redeemed
    (88 )     (280 )     (548 )     (66 )                 (33 )     (7 )
                                                                 
Change in C Shares
    (44 )     (247 )     (532 )     (51 )                 767       50  
                                                                 
Change in Shares
    (1,822 )     (5,090 )     (311 )     (1,259 )     637       78       60,261       13,500  
                                                                 
 
# Effective at the close of business on July 31, 2009, C Shares converted into A Shares for the Maryland Municipal Bond Fund and North Carolina Tax-Exempt Bond Fund and those Funds’ C Shares are no longer available for purchase.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


217


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
                Short-Term U.S.
    Seix Global
          Treasury
    Strategy Fund   Seix High Yield Fund   Short-Term Bond Fund   Securities Fund
    04/01/09 -
  09/08/08* -
  04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
    03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09
 
Operations:
                                                               
Net Investment Income (Loss)
  $ (68 )   $ 40     $ 112,690     $ 64,147     $ 12,655     $ 15,214     $ 809     $ 2,161  
Net Realized Gain (Loss) from Investment, Swap, Futures and Foreign Currency Transactions
    95       298       49,863       (111,315 )     (2,342 )     (3,389 )     1,123       1,604  
Net Change in Unrealized Appreciation/Depreciation on Investments, Swaps, Futures and Foreign Currencies
    118       49       178,452       (48,929 )     23,695       (17,601 )     (1,165 )     (807 )
                                                                 
Change in Net Assets from Operations
    145       387       341,005       (96,097 )     34,008       (5,776 )     767       2,958  
                                                                 
Dividends and Distributions to Shareholders:
                                                               
Net Investment Income:
                                                               
I Shares
          (59 )     (110,348 )     (62,007 )     (12,233 )     (14,875 )     (711 )     (1,670 )
A Shares
                (1,852 )     (1,603 )     (83 )     (131 )     (78 )     (349 )
C Shares
                            (56 )     (99 )     (22 )     (141 )
R Shares#
                (483 )     (278 )                        
Net Realized Gains:
                                                               
I Shares
    (268 )     (61 )                             (158 )      
A Shares
                                        (12 )      
C Shares
                                        (17 )      
R Shares#
                                               
                                                                 
Total Dividends and Distributions
    (268 )     (120 )     (112,683 )     (63,888 )     (12,372 )     (15,105 )     (998 )     (2,160 )
                                                                 
Change in Net Assets from Capital Transactions
    (715 )     10,160       720,459       280,871       141,453       (44,558 )     (39,659 )     9,806  
Capital ContributionsÙ
                3             3                    
                                                                 
Change in Net Assets
    (838 )     10,427       948,784       120,886       163,092       (65,439 )     (39,890 )     10,604  
                                                                 
Net Assets:
                                                               
Beginning of Period
    10,427             809,619       688,733       332,464       397,903       85,659       75,055  
                                                                 
End of Period
  $ 9,589     $ 10,427     $ 1,758,403     $ 809,619     $ 495,556     $ 332,464     $ 45,769     $ 85,659  
                                                                 
Accumulated Net Investment Income (Loss), End of Period
  $ 32     $ (47 )   $ (112 )   $ (814 )   $ 194     $ 22     $ (2 )   $  
                                                                 
 
* Commencement of Operations
 
# Effective at the close of business on July 31, 2009, C Shares converted to R Shares for the Seix High Yield Fund and the Fund’s C Shares are no longer available for purchase. The amounts prior to such date are disclosed as R Shares.
 
Ù Capital Contribution is a result of a Fair Funds settlement due to market timing.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


218


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
 
                                                                 
                Short-Term U.S.
    Seix Global
          Treasury
    Strategy Fund   Seix High Yield Fund   Short-Term Bond Fund   Securities Fund
    04/01/09 -
  09/08/08* -
  04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
    03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09
 
Capital Transactions:
                                                               
I Shares:
                                                               
Proceeds from Shares Issued
  $ 4,773     $ 15,991     $ 1,157,073     $ 520,611     $ 228,789     $ 153,005     $ 49,937     $ 20,259  
Dividends Reinvested
    158       34       74,321       49,264       3,298       4,267       265       410  
Cost of Shares Redeemed
    (5,646 )     (5,865 )     (516,762 )     (291,411 )     (90,789 )     (200,576 )     (78,270 )     (21,786 )
                                                                 
Change in Net Assets from I Shares
    (715 )     10,160       714,632       278,464       141,298       (43,304 )     (28,068 )     (1,117 )
                                                                 
A Shares:
                                                               
Proceeds from Shares Issued
    8             16,746       14,251       1,152       663       4,366       30,304  
Dividends Reinvested
                1,269       1,436       65       93       62       214  
Cost of Shares Redeemed
    (8 )           (12,314 )     (15,114 )     (707 )     (1,636 )     (15,368 )     (17,832 )
                                                                 
Change in Net Assets from A Shares
                5,701       573       510       (880 )     (10,940 )     12,686  
                                                                 
C Shares:
                                                               
Proceeds from Shares Issued
                            273       157       929       804  
Dividends Reinvested
                            51       91       33       125  
Cost of Shares Redeemed
                            (679 )     (622 )     (1,613 )     (2,692 )
                                                                 
Change in Net Assets from C Shares
                            (355 )     (374 )     (651 )     (1,763 )
                                                                 
R Shares:#
                                                               
Proceeds from Shares Issued
                662       2,236                          
Dividends Reinvested
                169       117                          
Cost of Shares Redeemed
                (705 )     (519 )                        
                                                                 
Change in Net Assets from R Shares
                126       1,834                          
                                                                 
Change in Net Assets from Capital Transactions
  $ (715 )   $ 10,160     $ 720,459     $ 280,871     $ 141,453     $ (44,558 )   $ (39,659 )   $ 9,806  
                                                                 
Share Transactions:
                                                               
I Shares:
                                                               
Issued
    469       1,561       130,252       62,079       23,415       15,955       4,869       1,986  
Reinvested
    16       3       8,295       5,831       336       447       26       40  
Redeemed
    (551 )     (565 )     (57,773 )     (34,320 )     (9,270 )     (21,218 )     (7,607 )     (2,133 )
                                                                 
Change in I Shares
    (66 )     999       80,774       33,590       14,481       (4,816 )     (2,712 )     (107 )
                                                                 
A Shares:
                                                               
Issued
    1             1,901       1,908       117       68       425       2,971  
Reinvested
                145       171       7       10       6       21  
Redeemed
    (1 )           (1,423 )     (1,898 )     (72 )     (171 )     (1,495 )     (1,729 )
                                                                 
Change in A Shares
                623       181       52       (93 )     (1,064 )     1,263  
                                                                 
C Shares:
                                                               
Issued
                            27       16       91       79  
Reinvested
                            5       10       3       12  
Redeemed
                            (69 )     (65 )     (157 )     (264 )
                                                                 
Change in C Shares
                            (37 )     (39 )     (63 )     (173 )
                                                                 
R Shares:#
                                                               
Issued
                77       284                          
Reinvested
                19       14                          
Redeemed
                (78 )     (56 )                        
                                                                 
Change in R Shares
                18       242                          
                                                                 
Change in Shares
    (66 )     999       81,415       34,013       14,496       (4,948 )     (3,839 )     983  
                                                                 
 
* Commencement of Operations
 
# Effective at the close of business on July 31, 2009, C Shares converted to R Shares for the Seix High Yield Fund and the Fund’s C Shares are no longer available for purchase. The amounts prior to such date are disclosed as R Shares.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


219


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
                U.S. Government
            U.S. Government
  Securities Ultra-Short
    Total Return Bond Fund   Ultra-Short Bond Fund   Securities Fund   Bond Fund
    04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
    03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09
 
Operations:
                                                               
Net Investment Income (Loss)
  $ 25,439     $ 28,208     $ 1,678     $ 2,927     $ 3,693     $ 14,013     $ 12,556     $ 3,383  
Net Realized Gain (Loss) from Investment, Swap, Futures and Foreign Currency Transactions
    9,199       3,981       (1,583 )     (471 )     12,195       14,621       (1,312 )     249  
Net Change in Unrealized Appreciation/Depreciation on Investments, Swaps, Futures and Foreign Currencies
    16,402       3,974       3,800       (3,009 )     (22,059 )     7,137       2,430       (43 )
                                                                 
Change in Net Assets from Operations
    51,040       36,163       3,895       (553 )     (6,171 )     35,771       13,674       3,589  
                                                                 
Dividends and Distributions to Shareholders:
                                                               
Net Investment Income:
                                                               
I Shares
    (22,794 )     (29,484 )     (1,680 )     (2,897 )     (3,954 )     (14,149 )     (15,844 )     (3,540 )
A Shares
    (126 )     (15 )                 (61 )     (88 )            
C Shares
                            (55 )     (85 )            
R Shares†
    (15 )     (3 )                                    
Net Realized Gains:
                                                               
I Shares
    (9,360 )                       (17,876 )     (1,046 )            
A Shares
    (82 )                       (469 )     (8 )            
C Shares
                            (584 )     (9 )            
R Shares†
    (9 )                                          
                                                                 
Total Dividends and Distributions
    (32,386 )     (29,502 )     (1,680 )     (2,897 )     (22,999 )     (15,385 )     (15,844 )     (3,540 )
                                                                 
Change in Net Assets from Capital Transactions
    112,082       (34,319 )     35,225       (29,354 )     (241,898 )     (171,744 )     1,252,487       27,722  
                                                                 
Change in Net Assets
    130,736       (27,658 )     37,440       (32,804 )     (271,068 )     (151,358 )     1,250,317       27,771  
                                                                 
Net Assets:
                                                               
Beginning of Period
    603,102       630,760       55,088       87,892       348,330       499,688       90,675       62,904  
                                                                 
End of Period
  $ 733,838     $ 603,102     $ 92,528     $ 55,088     $ 77,262     $ 348,330     $ 1,340,992     $ 90,675  
                                                                 
Accumulated Net Investment Income (Loss), End of Period
  $ (1,876 )   $ (1,964 )   $ 20     $ 25     $ 1     $ 378     $ 1,456     $ 14  
                                                                 
 
Effective at the close of business on February 12, 2009, C Shares converted to R Shares for the Total Return Bond Fund and the Fund’s C Shares are no longer available for purchase. The amounts prior to such date are disclosed as R Shares.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


220


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
                U.S. Government
            U.S. Government
  Securities Ultra-Short
    Total Return Bond Fund   Ultra-Short Bond Fund   Securities Fund   Bond Fund
    04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
    03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09
 
Capital Transactions:
                                                               
I Shares:
                                                               
Proceeds from Shares Issued
  $ 403,149     $ 146,066     $ 88,321     $ 21,364     $ 25,469     $ 135,953     $ 1,477,956     $ 132,347  
Dividends Reinvested
    17,434       13,775       919       1,186       11,829       2,820       11,403       1,905  
Cost of Shares Redeemed
    (316,866 )     (194,681 )     (54,015 )     (51,904 )     (279,232 )     (309,089 )     (236,872 )     (106,530 )
                                                                 
Change in Net Assets from I Shares
    103,717       (34,840 )     35,225       (29,354 )     (241,934 )     (170,316 )     1,252,487       27,722  
                                                                 
A Shares:
                                                               
Proceeds from Shares Issued
    10,059       474                   417       1,107              
Dividends Reinvested
    191       11                   423       70              
Cost of Shares Redeemed
    (2,257 )     (247 )                 (907 )     (1,846 )            
                                                                 
Change in Net Assets from A Shares
    7,993       238                   (67 )     (669 )            
                                                                 
C Shares:
                                                               
Proceeds from Shares Issued
                            134       348              
Dividends Reinvested
                            596       84              
Cost of Shares Redeemed
                            (627 )     (1,191 )            
                                                                 
Change in Net Assets from C Shares
                            103       (759 )            
                                                                 
R Shares:†
                                                               
Proceeds from Shares Issued
    520       316                                      
Dividends Reinvested
    24       3                                      
Cost of Shares Redeemed
    (172 )     (36 )                                    
                                                                 
Change in Net Assets from R Shares
    372       283                                      
                                                                 
Change in Net Assets from Capital Transactions
  $ 112,082     $ (34,319 )   $ 35,225     $ (29,354 )   $ (241,898 )   $ (171,744 )   $ 1,252,487     $ 27,722  
                                                                 
Share Transactions:
                                                               
I Shares:
                                                               
Issued
    38,188       14,428       8,982       2,178       2,472       12,641       146,490       13,258  
Reinvested
    1,650       1,376       94       123       1,316       262       1,131       191  
Redeemed
    (30,163 )     (19,527 )     (5,524 )     (5,378 )     (26,334 )     (28,605 )     (23,484 )     (10,682 )
                                                                 
Change in I Shares
    9,675       (3,723 )     3,552       (3,077 )     (22,546 )     (15,702 )     124,137       2,767  
                                                                 
A Shares:
                                                               
Issued
    925       45                   39       102              
Reinvested
    18       1                   47       6              
Redeemed
    (209 )     (24 )                 (88 )     (172 )            
                                                                 
Change in A Shares
    734       22                   (2 )     (64 )            
                                                                 
C Shares:
                                                               
Issued
                            14       31              
Reinvested
                            67       8              
Redeemed
                            (62 )     (110 )            
                                                                 
Change in C Shares
                            19       (71 )            
                                                                 
R Shares:†
                                                               
Issued
    49       32                                      
Reinvested
    2                                            
Redeemed
    (16 )     (4 )                                    
                                                                 
Change in R Shares
    35       28                                      
                                                                 
Change in Shares
    10,444       (3,673 )     3,552       (3,077 )     (22,529 )     (15,837 )     124,137       2,767  
                                                                 
 
Effective at the close of business on February 12, 2009, C Shares converted to R Shares for the Total Return Bond Fund and the Fund’s C Shares are no longer available for purchase. The amounts prior to such date are disclosed as R Shares.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


221


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
                U.S. Government
    Virginia Intermediate
  Prime Quality Money
  Tax-Exempt Money
  Securities Money
    Municipal Bond Fund   Market Fund   Market Fund   Market Fund
    04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
    03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09
 
Operations:
                                                               
Net Investment Income (Loss)
  $ 7,284     $ 7,384     $ 3,423     $ 133,978     $ 1,711     $ 23,460     $ 665     $ 20,876  
Net Realized Gain (Loss) from Investment Transactions
    999       407       106       (2,237 )     (58 )     39             (11 )
Net Change in Unrealized Appreciation/Depreciation on Investments
    2,661       1,349                                      
                                                                 
Change in Net Assets from Operations
    10,944       9,140       3,529       131,741       1,653       23,499       665       20,865  
                                                                 
Dividends and Distributions to Shareholders:
                                                               
Net Investment Income:
                                                               
I Shares
    (6,879 )     (7,062 )     (2,815 )     (54,927 )     (1,659 )     (18,169 )     (617 )     (17,574 )
A Shares#
    (382 )     (248 )     (607 )     (79,009 )     (52 )     (5,291 )     (48 )     (3,302 )
C Shares#
    (21 )     (74 )           (43 )                        
Net Realized Gains:
                                                               
I Shares#
    (470 )                                          
A Shares#
    (31 )                                          
                                                                 
Total Dividends and Distributions
    (7,783 )     (7,384 )     (3,422 )     (133,979 )     (1,711 )     (23,460 )     (665 )     (20,876 )
                                                                 
Change in Net Assets from Capital Transactions
    10,526       (23,510 )     (2,398,401 )     (3,086,726 )     (174,921 )     (236,408 )     (313,297 )     (1,218,461 )
                                                                 
Change in Net Assets
    13,687       (21,754 )     (2,398,294 )     (3,088,964 )     (174,979 )     (236,369 )     (313,297 )     (1,218,472 )
                                                                 
Net Assets:
                                                               
Beginning of Period
    192,086       213,840       7,273,294       10,362,258       1,927,536       2,163,905       1,223,472       2,441,944  
                                                                 
End of Period
  $ 205,773     $ 192,086     $ 4,875,000     $ 7,273,294     $ 1,752,557     $ 1,927,536     $ 910,175     $ 1,223,472  
                                                                 
Accumulated Net Investment Income (Loss), End of Period
  $ 34     $ (22 )   $ 33     $ 32     $ 31     $ 31     $ (7 )   $ (7 )
                                                                 
 
# Effective at the close of business on July 31, 2009, C Shares converted into A Shares for the Virginia Intermediate Municipal Bond Fund and the Fund’s C Shares are no longer available for purchase.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


222


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
 
                                                                 
                U.S. Government
    Virginia Intermediate
  Prime Quality
  Tax-Exempt Money
  Securities Money
    Municipal Bond Fund   Money Market Fund   Market Fund   Market Fund
    04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
    03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09
 
Capital Transactions:
                                                               
I Shares:
                                                               
Proceeds from Shares Issued
  $ 51,209     $ 32,923     $ 2,521,354     $ 3,429,318     $ 1,427,101     $ 1,956,240     $ 814,707     $ 1,037,897  
Dividends Reinvested
    340       157       399       6,464             8       6       96  
Cost of Shares Redeemed
    (44,911 )     (57,330 )     (3,589,572 )     (3,820,825 )     (1,456,519 )     (1,961,208 )     (964,650 )     (2,267,104 )
                                                                 
Change in Net Assets from I Shares
    6,638       (24,250 )     (1,067,819 )     (385,043 )     (29,418 )     (4,960 )     (149,937 )     (1,229,111 )
                                                                 
A Shares:#
                                                               
Proceeds from Shares Issued
    7,147       1,775       611,704       1,122,176       202,668       454,595       153,030       367,755  
Dividends Reinvested
    218       146       607       78,978       52       5,291       48       3,302  
Cost of Shares Redeemed
    (861 )     (642 )     (1,941,780 )     (3,900,955 )     (348,223 )     (691,334 )     (316,438 )     (360,407 )
                                                                 
Change in Net Assets from A Shares
    6,504       1,279       (1,329,469 )     (2,699,801 )     (145,503 )     (231,448 )     (163,360 )     10,650  
                                                                 
C Shares:#
                                                               
Proceeds from Shares Issued
    5       115       51       724                          
Dividends Reinvested
    14       51             38                          
Cost of Shares Redeemed
    (2,635 )     (705 )     (1,164 )     (2,644 )                        
                                                                 
Change in Net Assets from C Shares
    (2,616 )     (539 )     (1,113 )     (1,882 )                        
                                                                 
Change in Net Assets from Capital Transactions
  $ 10,526     $ (23,510 )   $ (2,398,401 )   $ (3,086,726 )   $ (174,921 )   $ (236,408 )   $ (313,297 )   $ (1,218,461 )
                                                                 
Share Transactions:
                                                               
I Shares:
                                                               
Issued
    4,926       3,256       2,521,354       3,429,318       1,427,101       1,956,240       814,707       1,037,897  
Reinvested
    32       16       399       6,464             8       6       96  
Redeemed
    (4,315 )     (5,744 )     (3,589,572 )     (3,820,825 )     (1,456,519 )     (1,961,208 )     (964,650 )     (2,267,104 )
                                                                 
Change in I Shares
    643       (2,472 )     (1,067,819 )     (385,043 )     (29,418 )     (4,960 )     (149,937 )     (1,229,111 )
                                                                 
A Shares:#
                                                               
Issued
    687       177       611,704       1,122,176       202,668       454,595       153,030       367,755  
Reinvested
    21       14       607       78,978       52       5,291       48       3,302  
Redeemed
    (83 )     (63 )     (1,941,780 )     (3,900,955 )     (348,223 )     (691,334 )     (316,438 )     (360,407 )
                                                                 
Change in A Shares
    625       128       (1,329,469 )     (2,699,801 )     (145,503 )     (231,448 )     (163,360 )     10,650  
                                                                 
C Shares:#
                                                               
Issued
    1       12       51       724                          
Reinvested
    1       5             38                          
Redeemed
    (255 )     (71 )     (1,164 )     (2,644 )                        
                                                                 
Change in C Shares
    (253 )     (54 )     (1,113 )     (1,882 )                        
                                                                 
Change in Shares
    1,015       (2,398 )     (2,398,401 )     (3,086,726 )     (174,921 )     (236,408 )     (313,297 )     (1,218,461 )
                                                                 
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
# Effective at the close of business on July 31, 2009, C Shares converted into A Shares for the Virginia Intermediate Municipal Bond Fund and the Fund’s C Shares are no longer available for purchase.
 
See Notes to Financial Statements.


223


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                 
    U.S. Treasury
  Virginia Tax-Free
    Money Market Fund   Money Market Fund
    04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
    03/31/10   03/31/09   03/31/10   03/31/09
 
Operations:
                               
Net Investment Income (Loss)
  $ 562     $ 10,525     $ 233     $ 7,536  
Net Realized Gain (Loss) from Investment Transactions
    17       17       61       179  
                                 
Change in Net Assets from Operations
    579       10,542       294       7,715  
                                 
Dividends and Distributions to Shareholders:
                               
Net Investment Income:
                               
I Shares
    (514 )     (9,740 )     (196 )     (3,301 )
A Shares
    (49 )     (785 )     (37 )     (4,235 )
                                 
Total Dividends and Distributions
    (563 )     (10,525 )     (233 )     (7,536 )
                                 
Change in Net Assets from Capital Transactions
    (375,107 )     268,873       (125,420 )     (273,120 )
                                 
Change in Net Assets
    (375,091 )     268,890       (125,359 )     (272,941 )
                                 
Net Assets:
                               
Beginning of Period
    1,500,684       1,231,794       440,238       713,179  
                                 
End of Period
  $ 1,125,593     $ 1,500,684     $ 314,879     $ 440,238  
                                 
Accumulated Net Investment Income (Loss), End of Period
  $ 82     $ 80     $ 113     $ 112  
                                 
 
See Notes to Financial Statements.


224


 

 
STATEMENTS OF CHANGES IN NET ASSETS (concluded)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                 
    U.S. Treasury
  Virginia Tax-Free
    Money Market Fund   Money Market Fund
    04/01/09 -
  04/01/08 -
  04/01/09 -
  04/01/08 -
    03/31/10   03/31/09   03/31/10   03/31/09
 
Capital Transactions:
                               
I Shares:
                               
Proceeds from Shares Issued
  $ 869,302     $ 2,518,636     $ 242,200     $ 377,366  
Dividends Reinvested
    12       112       26       586  
Cost of Shares Redeemed
    (1,311,513 )     (2,410,700 )     (282,467 )     (470,414 )
                                 
Change in Net Assets from I Shares
    (442,199 )     108,048       (40,241 )     (92,462 )
                                 
A Shares:
                               
Proceeds from Shares Issued
    375,553       1,054,362       192,489       363,635  
Dividends Reinvested
    49       785       37       4,232  
Cost of Shares Redeemed
    (308,510 )     (894,322 )     (277,705 )     (548,525 )
                                 
Change in Net Assets from A Shares
    67,092       160,825       (85,179 )     (180,658 )
                                 
Change in Net Assets from Capital Transactions
  $ (375,107 )   $ 268,873     $ (125,420 )   $ (273,120 )
                                 
Share Transactions:
                               
I Shares:
                               
Issued
    869,302       2,518,636       242,200       377,366  
Reinvested
    12       112       26       586  
Redeemed
    (1,311,513 )     (2,410,700 )     (282,467 )     (470,414 )
                                 
Change in I Shares
    (442,199 )     108,048       (40,241 )     (92,462 )
                                 
A Shares:
                               
Issued
    375,553       1,054,362       192,489       363,635  
Reinvested
    49       785       37       4,232  
Redeemed
    (308,510 )     (894,322 )     (277,705 )     (548,525 )
                                 
Change in A Shares
    67,092       160,825       (85,179 )     (180,658 )
                                 
Change in Shares
    (375,107 )     268,873       (125,420 )     (273,120 )
                                 
 
See Notes to Financial Statements.


225


 

 
 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                                       
                                                  Ratio of
       
            Net
                                Ratio of
  Net
  Ratio of
   
            Realized
                                Net
  Investment
  Expenses to
   
            and
              Distributions
      Net
        Expenses
  Income
  Average
   
    Net Asset
  Net
  Unrealized
      Dividends
  Distributions
  from
  Total
  Asset
        to
  to
  Net Assets
   
    Value,
  Investment
  Gains
      from Net
  from Tax
  Realized
  Dividends
  Value,
    Net Assets,
  Average
  Average
  (Excluding
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Return of
  Capital
  and
  End of
Total
  End of
  Net
  Net
  Waivers and
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Capital   Gains   Distributions   Period Return(1)   Period (000)   Assets(2)   Assets(2)   Reimbursements)(2)   Rate(3)
Corporate Bond Fund
                                                                                                                     
I Shares
                                                                                                                     
Year Ended March 31, 2010
  $ 8.53     $ 0.46 (a)   $ 1.09     $ 1.55     $ (0.45 )   $     $     $ (0.45 )   $ 9.63     18.49 %   $ 157,739       0.50 %     4.86 %     0.50 %     75 %
Year Ended March 31, 2009
    9.60       0.49 (a)     (0.86 )     (0.37 )     (0.70 )                 (0.70 )     8.53     (4.10 )     39,881       0.73       5.29       0.74       357  
Year Ended March 31, 2008
    9.88       0.60 (a)     (0.27 )     0.33       (0.61 )                 (0.61 )     9.60     3.43       62,581       0.69       6.16       0.71       439  
Year Ended March 31, 2007
    9.64       0.50 (a)     0.31       0.81       (0.40 )     (0.17 )           (0.57 )     9.88     8.66       86,812       0.71       5.20       0.73       397  
Year Ended March 31, 2006
    10.24       0.43 (a)     (0.41 )     0.02       (0.44 )           (0.18 )     (0.62 )     9.64     0.19       243,001       0.76       4.35       0.79       317  
A Shares
                                                                                                                     
Year Ended March 31, 2010
    8.57       0.43 (a)     1.10       1.53       (0.43 )                 (0.43 )     9.67     18.05       4,524       0.80       4.52       0.80       75  
Year Ended March 31, 2009
    9.64       0.45 (a)     (0.85 )     (0.40 )     (0.67 )                 (0.67 )     8.57     (4.37 )     2,181       1.03       4.96       1.03       357  
Year Ended March 31, 2008
    9.92       0.57 (a)     (0.27 )     0.30       (0.58 )                 (0.58 )     9.64     3.10       1,226       0.99       5.84       1.00       439  
Year Ended March 31, 2007
    9.68       0.49 (a)     0.30       0.79       (0.39 )     (0.16 )           (0.55 )     9.92     8.31       1,144       1.01       5.10       1.03       397  
Year Ended March 31, 2006
    10.27       0.41 (a)     (0.41 )           (0.41 )           (0.18 )     (0.59 )     9.68     (0.01 )     1,740       1.10       4.08       1.16       317  
C Shares
                                                                                                                     
Year Ended March 31, 2010
    8.53       0.36       1.10       1.46       (0.36 )                 (0.36 )     9.63     17.32       18,885       1.50       3.89       1.50       75  
Year Ended March 31, 2009
    9.61       0.40 (a)     (0.87 )     (0.47 )     (0.61 )                 (0.61 )     8.53     (5.16 )     18,171       1.73       4.32       1.74       357  
Year Ended March 31, 2008
    9.88       0.50 (a)     (0.26 )     0.24       (0.51 )                 (0.51 )     9.61     2.50       24,777       1.70       5.17       1.71       439  
Year Ended March 31, 2007
    9.65       0.43 (a)     0.28       0.71       (0.34 )     (0.14 )           (0.48 )     9.88     7.48       32,864       1.71       4.43       1.73       397  
Year Ended March 31, 2006
    10.24       0.35 (a)     (0.41 )     (0.06 )     (0.35 )           (0.18 )     (0.53 )     9.65     (0.57 )     46,679       1.63       3.53       1.83       317  
Georgia Tax-Exempt Bond Fund
                                                                                                                     
I Shares
                                                                                                                     
Year Ended March 31, 2010
    9.81       0.39       0.42       0.81       (0.39 )                 (0.39 )     10.23     8.32       205,856       0.60       3.80       0.60       45  
Year Ended March 31, 2009^
    9.95       0.37       (0.14 )     0.23       (0.37 )                 (0.37 )     9.81     2.43       163,761       0.67       3.82       0.68       63  
Year Ended March 31, 2008
    10.25       0.39       (0.33 )     0.06       (0.36 )                 (0.36 )     9.95     0.60       169,453       0.59       3.83       0.60       30  
Year Ended March 31, 2007
    10.16       0.37       0.13       0.50       (0.40 )           (0.01 )     (0.41 )     10.25     4.95       142,485       0.60       3.71       0.60       61  
Year Ended March 31, 2006
    10.21       0.36 (a)     (0.04 )     0.32       (0.36 )           (0.01 )     (0.37 )     10.16     3.19       115,929       0.64       3.53       0.66       43  
A Shares
                                                                                                                     
Year Ended March 31, 2010
    9.83       0.36       0.42       0.78       (0.37 )                 (0.37 )     10.24     8.03       10,184       0.75       3.56       0.75       45  
Year Ended March 31, 2009^
    9.97       0.37       (0.15 )     0.22       (0.36 )                 (0.36 )     9.83     2.27       2,747       0.82       3.66       0.83       63  
Year Ended March 31, 2008
    10.26       0.38       (0.32 )     0.06       (0.35 )                 (0.35 )     9.97     0.54       4,164       0.74       3.63       0.75       30  
Year Ended March 31, 2007
    10.18       0.35       0.12       0.47       (0.38 )           (0.01 )     (0.39 )     10.26     4.68       3,592       0.75       3.56       0.75       61  
Year Ended March 31, 2006
    10.22       0.35 (a)     (0.03 )     0.32       (0.35 )           (0.01 )     (0.36 )     10.18     3.12       3,711       0.79       3.38       0.81       43  
High Grade Municipal Bond Fund
                                                                                                                     
I Shares
                                                                                                                     
Year Ended March 31, 2010
    10.49       0.42       0.66       1.08       (0.42 )                 (0.42 )     11.15     10.43       55,203       0.64       3.83       0.66       123  
Year Ended March 31, 2009
    10.80       0.38       (0.31 )     0.07       (0.38 )                 (0.38 )     10.49     0.72       74,586       0.62       3.57       0.62       209  
Year Ended March 31, 2008
    10.92       0.37       (0.09 )     0.28       (0.37 )           (0.03 )     (0.40 )     10.80     2.58       173,975       0.66       3.40       0.66       183  
Year Ended March 31, 2007
    10.82       0.37       0.12       0.49       (0.37 )           (0.02 )     (0.39 )     10.92     4.54       163,707       0.60       3.37       0.61       128  
Year Ended March 31, 2006
    10.90       0.34       (0.03 )     0.31       (0.34 )           (0.05 )     (0.39 )     10.82     2.90       165,341       0.63       3.13       0.65       90  
A Shares
                                                                                                                     
Year Ended March 31, 2010
    10.49       0.40       0.66       1.06       (0.40 )                 (0.40 )     11.15     10.26       5,605       0.79       3.66       0.81       123  
Year Ended March 31, 2009
    10.80       0.37       (0.31 )     0.06       (0.37 )                 (0.37 )     10.49     0.56       1,900       0.78       3.47       0.78       209  
Year Ended March 31, 2008
    10.93       0.35       (0.10 )     0.25       (0.35 )           (0.03 )     (0.38 )     10.80     2.33       2,442       0.81       3.26       0.81       183  
Year Ended March 31, 2007
    10.83       0.35       0.12       0.47       (0.35 )           (0.02 )     (0.37 )     10.93     4.38       2,844       0.75       3.23       0.76       128  
Year Ended March 31, 2006
    10.91       0.33       (0.03 )     0.30       (0.33 )           (0.05 )     (0.38 )     10.83     2.73       5,077       0.80       2.98       0.81       90  
 
See Notes to Financial Highlights and Notes to Financial Statements.


226


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                                 
                                                Ratio of
       
            Net
                              Ratio of
  Net
  Ratio of
   
            Realized
                              Net
  Investment
  Expenses to
   
            and
          Distributions
      Net
          Expenses
  Income
  Average
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
          to
  to
  Net Assets
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
      Net Assets,
  Average
  Average
  (Excluding
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
  End of
  Net
  Net
  Waivers and
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1)   Period (000)   Assets(2)   Assets(2)   Reimbursements)(2)   Rate(3)
High Income Fund
                                                                                                               
I Shares
                                                                                                               
Year Ended March 31, 2010
  $ 4.67     $ 0.55     $ 2.09     $ 2.64     $ (0.54 )   $     $ (0.54 )   $ 6.77       58.65 %   $ 148,252       0.70 %     8.97 %     0.72 %     466 %
Year Ended March 31, 2009
    6.40       0.54       (1.74 )     (1.20 )     (0.53 )           (0.53 )     4.67       (19.40 )     23,995       0.70       9.67       0.76       368  
Year Ended March 31, 2008
    7.36       0.57       (0.82 )     (0.25 )     (0.58 )     (0.13 )     (0.71 )     6.40       (3.68 )     30,587       0.70       8.23       0.71       403  
Year Ended March 31, 2007
    6.97       0.58       0.39       0.97       (0.58 )           (0.58 )     7.36       14.58       42,809       0.70       8.11       0.71       379  
Year Ended March 31, 2006
    7.38       0.55       (0.03 )     0.52       (0.55 )     (0.38 )     (0.93 )     6.97       7.53       36,764       0.72       7.64       0.82       208  
A Shares
                                                                                                               
Year Ended March 31, 2010
    4.68       0.53       2.09       2.62       (0.52 )           (0.52 )     6.78       58.07       3,822       0.99       8.67       1.01       466  
Year Ended March 31, 2009
    6.41       0.52       (1.74 )     (1.22 )     (0.51 )           (0.51 )     4.68       (19.60 )     860       0.99       8.33       1.04       368  
Year Ended March 31, 2008
    7.37       0.55       (0.82 )     (0.27 )     (0.56 )     (0.13 )     (0.69 )     6.41       (3.96 )     847       1.00       7.95       1.02       403  
Year Ended March 31, 2007
    6.98       0.56       0.39       0.95       (0.56 )           (0.56 )     7.37       14.22       498       1.00       7.86       1.01       379  
Year Ended March 31, 2006
    7.39       0.53       (0.03 )     0.50       (0.53 )     (0.38 )     (0.91 )     6.98       7.20       403       1.03       7.36       1.13       208  
R Shares(4)
                                                                                                               
Year Ended March 31, 2010
    4.67       0.51       2.10       2.61       (0.50 )           (0.50 )     6.78       57.86       16,176       1.35       8.68       1.38       466  
Year Ended March 31, 2009
    6.40       0.49       (1.74 )     (1.25 )     (0.48 )           (0.48 )     4.67       (20.20 )     12,249       1.70       8.54       1.76       368  
Year Ended March 31, 2008
    7.36       0.50       (0.82 )     (0.32 )     (0.51 )     (0.13 )     (0.64 )     6.40       (4.63 )     20,546       1.71       7.24       1.72       403  
Year Ended March 31, 2007
    6.97       0.51       0.39       0.90       (0.51 )           (0.51 )     7.36       13.45       28,862       1.70       7.11       1.71       379  
Year Ended March 31, 2006
    7.38       0.49       (0.03 )     0.46       (0.49 )     (0.38 )     (0.87 )     6.97       6.57       36,062       1.62       6.78       1.83       208  
Intermediate Bond Fund
                                                                                                               
I Shares
                                                                                                               
Year Ended March 31, 2010
    10.27       0.34 (a)     0.27       0.61       (0.30 )     (0.05 )     (0.35 )     10.53       6.08       1,559,191       0.31       3.24       0.31       122  
Year Ended March 31, 2009
    10.29       0.43       0.24       0.67       (0.46 )     (0.23 )     (0.69 )     10.27       6.83       1,071,496       0.29       4.24       0.29       217  
Year Ended March 31, 2008
    9.96       0.50       0.33       0.83       (0.49 )     (0.01 )     (0.50 )     10.29       8.57       812,982       0.29       4.80       0.30       254  
Year Ended March 31, 2007
    9.85       0.46 (a)     0.11       0.57       (0.46 )           (0.46 )     9.96       5.97       94,136       0.31       4.67       0.31       225  
Year Ended March 31, 2006
    10.08       0.38       (0.21 )     0.17       (0.39 )     (0.01 )     (0.40 )     9.85       1.76       78,187       0.31       3.88       0.31       154  
A Shares
                                                                                                               
Year Ended March 31, 2010
    10.27       0.31 (a)     0.28       0.59       (0.28 )     (0.05 )     (0.33 )     10.53       5.83       11,916       0.55       2.96       0.55       122  
Year Ended March 31, 2009
    10.29       0.41       0.23       0.64       (0.43 )     (0.23 )     (0.66 )     10.27       6.54       2,624       0.54       3.89       0.54       217  
Year Ended March 31, 2008
    9.95       0.47       0.34       0.81       (0.46 )     (0.01 )     (0.47 )     10.29       8.39       736       0.55       4.60       0.55       254  
Year Ended March 31, 2007
    9.85       0.44 (a)     0.10       0.54       (0.44 )           (0.44 )     9.95       5.62       105       0.58       4.72       0.58       225  
Year Ended March 31, 2006
    10.08       0.39       (0.25 )     0.14       (0.36 )     (0.01 )     (0.37 )     9.85       1.39       4       0.56       3.83       0.57       154  
R Shares(5)
                                                                                                               
Year Ended March 31, 2010
    10.27       0.27 (a)     0.28       0.55       (0.24 )     (0.05 )     (0.29 )     10.53       5.47       1,068       0.91       2.56       0.91       122  
Year Ended March 31, 2009
    10.29       0.36       0.22       0.58       (0.37 )     (0.23 )     (0.60 )     10.27       5.84       543       1.02       3.33       1.02       217  
Period from January 18, 2008 through March 31, 2008*
    10.32       0.07       (0.03 )     0.04       (0.07 )           (0.07 )     10.29       0.40       9       1.28       3.62       1.28       254  
Period from April 1, 2007 through October 15, 2007*
    9.95       0.21       0.01       0.22       (0.21 )           (0.21 )     9.96       2.21       1       1.43       3.86       1.43       254  
Year Ended March 31, 2007
    9.85       0.36 (a)     0.12       0.48       (0.38 )           (0.38 )     9.95       4.92       1       1.31       3.61       1.31       225  
Year Ended March 31, 2006
    10.08       0.28       (0.21 )     0.07       (0.29 )     (0.01 )     (0.30 )     9.85       0.74       68       1.24       2.86       1.25       154  
 
See Notes to Financial Highlights and Notes to Financial Statements.


227


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                                 
                                                Ratio of
       
            Net
                              Ratio of
  Net
  Ratio of
   
            Realized
                              Net
  Investment
  Expenses to
   
            and
          Distributions
      Net
          Expenses
  Income
  Average
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
          to
  to
  Net Assets
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
      Net Assets,
  Average
  Average
  (Excluding
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
  End of
  Net
  Net
  Waivers and
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1)   Period (000)   Assets(2)   Assets(2)   Reimbursements)(2)   Rate(3)
Investment Grade Bond Fund
                                                                                                               
I Shares
                                                                                                               
Year Ended March 31, 2010
  $ 10.93     $ 0.43     $ 0.46     $ 0.89     $ (0.39 )   $ (0.01 )   $ (0.40 )   $ 11.42       8.26 %   $ 372,232       0.57 %     3.89 %     0.57 %     99 %
Year Ended March 31, 2009
    10.74       0.46       0.24       0.70       (0.51 )           (0.51 )     10.93       6.78       389,205       0.56       4.38       0.56       208  
Year Ended March 31, 2008
    10.49       0.50       0.26       0.76       (0.51 )           (0.51 )     10.74       7.47       385,110       0.56       4.82       0.56       227  
Year Ended March 31, 2007
    10.40       0.49       0.10       0.59       (0.50 )           (0.50 )     10.49       5.79       394,196       0.55       4.70       0.55       240  
Year Ended March 31, 2006
    10.51       0.42       (0.11 )     0.31       (0.42 )           (0.42 )     10.40       2.94       480,024       0.65       3.91       0.65       171  
A Shares
                                                                                                               
Year Ended March 31, 2010
    10.93       0.41       0.45       0.86       (0.36 )     (0.01 )     (0.37 )     11.42       7.91       26,790       0.89       3.59       0.89       99  
Year Ended March 31, 2009
    10.74       0.43       0.24       0.67       (0.48 )           (0.48 )     10.93       6.46       25,996       0.86       4.10       0.86       208  
Year Ended March 31, 2008
    10.49       0.47       0.26       0.73       (0.48 )           (0.48 )     10.74       7.15       14,495       0.86       4.54       0.86       227  
Year Ended March 31, 2007
    10.40       0.46       0.10       0.56       (0.47 )           (0.47 )     10.49       5.48       16,526       0.85       4.40       0.85       240  
Year Ended March 31, 2006
    10.50       0.38       (0.10 )     0.28       (0.38 )           (0.38 )     10.40       2.69       20,210       1.00       3.57       1.00       171  
R Shares(4)
                                                                                                               
Year Ended March 31, 2010
    10.93       0.37       0.45       0.82       (0.32 )     (0.01 )     (0.33 )     11.42       7.54       9,616       1.23       3.23       1.23       99  
Year Ended March 31, 2009
    10.75       0.37       0.22       0.59       (0.41 )           (0.41 )     10.93       5.62       11,268       1.55       3.37       1.55       208  
Year Ended March 31, 2008
    10.50       0.40       0.26       0.66       (0.41 )           (0.41 )     10.75       6.40       7,709       1.56       3.83       1.56       227  
Year Ended March 31, 2007
    10.40       0.38       0.11       0.49       (0.39 )           (0.39 )     10.50       4.84       9,024       1.55       3.69       1.55       240  
Year Ended March 31, 2006
    10.51       0.31       (0.11 )     0.20       (0.31 )           (0.31 )     10.40       1.94       13,580       1.63       2.93       1.66       171  
Investment Grade Tax-Exempt Bond Fund
                                                                                                               
I Shares
                                                                                                               
Year Ended March 31, 2010
    11.60       0.37       0.56       0.93       (0.37 )     (0.17 )     (0.54 )     11.99       8.15       1,037,972       0.55       3.08       0.56       169  
Year Ended March 31, 2009
    11.59       0.38       0.08       0.46       (0.38 )     (0.07 )     (0.45 )     11.60       4.12       817,297       0.54       3.30       0.55       221  
Year Ended March 31, 2008
    11.47       0.38       0.15       0.53       (0.38 )     (0.03 )     (0.41 )     11.59       4.73       546,323       0.57       3.32       0.57       189  
Year Ended March 31, 2007
    11.38       0.38       0.12       0.50       (0.37 )     (0.04 )     (0.41 )     11.47       4.51       410,473       0.55       3.28       0.55       214  
Year Ended March 31, 2006
    11.45       0.33       0.01       0.34       (0.33 )     (0.08 )     (0.41 )     11.38       2.92       300,986       0.64       2.84       0.64       237  
A Shares
                                                                                                               
Year Ended March 31, 2010
    11.61       0.34       0.56       0.90       (0.34 )     (0.17 )     (0.51 )     12.00       7.82       24,344       0.84       2.74       0.85       169  
Year Ended March 31, 2009
    11.60       0.34       0.08       0.42       (0.34 )     (0.07 )     (0.41 )     11.61       3.81       13,819       0.84       2.97       0.84       221  
Year Ended March 31, 2008
    11.48       0.35       0.15       0.50       (0.35 )     (0.03 )     (0.38 )     11.60       4.41       10,869       0.87       3.02       0.87       189  
Year Ended March 31, 2007
    11.39       0.34       0.13       0.47       (0.34 )     (0.04 )     (0.38 )     11.48       4.20       11,723       0.85       2.97       0.85       214  
Year Ended March 31, 2006
    11.46       0.29       0.01       0.30       (0.29 )     (0.08 )     (0.37 )     11.39       2.57       16,182       0.99       2.49       0.99       237  
Limited Duration Fund
                                                                                                               
I Shares
                                                                                                               
Year Ended March 31, 2010
    9.52       0.08       0.18       0.26       (0.07 )           (0.07 )     9.71       2.69       22,482       0.23       0.82       0.23       124  
Year Ended March 31, 2009
    9.87       0.23       (0.37 )     (0.14 )     (0.21 )           (0.21 )     9.52       (1.38 )     30,826       0.19       2.43       0.19       44  
Year Ended March 31, 2008
    9.98       0.50       (0.12 )     0.38       (0.49 )           (0.49 )     9.87       3.90       43,509       0.17       5.01       0.17       132  
Year Ended March 31, 2007
    9.99       0.51       (0.02 )     0.49       (0.50 )           (0.50 )     9.98       5.04       40,291       0.14       5.03       0.14       185  
Year Ended March 31, 2006
    9.98       0.35       0.02       0.37       (0.36 )           (0.36 )     9.99       3.73       58,887       0.15       3.39       0.15       94  
 
See Notes to Financial Highlights and Notes to Financial Statements.


228


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                                 
                                                Ratio of
       
            Net
                              Ratio of
  Net
  Ratio of
   
            Realized
                              Net
  Investment
  Expenses to
   
            and
          Distributions
      Net
          Expenses
  Income
  Average
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
          to
  to
  Net Assets
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
      Net Assets,
  Average
  Average
  (Excluding
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
  End of
  Net
  Net
  Waivers and
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1)   Period (000)   Assets(2)   Assets(2)   Reimbursements)(2)   Rate(3)
Limited-Term Federal Mortgage Securities Fund
                                                                                                               
I Shares
                                                                                                               
Year Ended March 31, 2010
  $ 10.19     $ 0.31     $ 0.23     $ 0.54     $ (0.35 )   $     $ (0.35 )   $ 10.38       5.41 %   $ 20,998       0.62 %     3.25 %     0.66 %     435 %
Year Ended March 31, 2009
    9.93       0.43       0.29       0.72       (0.46 )           (0.46 )     10.19       7.48       39,135       0.60       4.34       0.60       337  
Year Ended March 31, 2008
    9.94       0.46 (a)     0.03       0.49       (0.50 )           (0.50 )     9.93       5.08       85,638       0.58       4.63       0.58       154  
Year Ended March 31, 2007
    9.88       0.43 (a)     0.09       0.52       (0.46 )           (0.46 )     9.94       5.33       422,749       0.55       4.32       0.55       90  
Year Ended March 31, 2006
    10.09       0.35       (0.15 )     0.20       (0.41 )           (0.41 )     9.88       2.04       369,991       0.61       3.41       0.63       81  
A Shares
                                                                                                               
Year Ended March 31, 2010
    10.17       0.30       0.22       0.52       (0.33 )           (0.33 )     10.36       5.21       2,598       0.82       2.91       0.88       435  
Year Ended March 31, 2009
    9.91       0.41       0.29       0.70       (0.44 )           (0.44 )     10.17       7.29       2,143       0.81       4.14       0.81       337  
Year Ended March 31, 2008
    9.92       0.44 (a)     0.03       0.47       (0.48 )           (0.48 )     9.91       4.88       2,670       0.78       4.46       0.78       154  
Year Ended March 31, 2007
    9.87       0.41 (a)     0.08       0.49       (0.44 )           (0.44 )     9.92       5.03       3,540       0.75       4.12       0.75       90  
Year Ended March 31, 2006
    10.07       0.30       (0.11 )     0.19       (0.39 )           (0.39 )     9.87       1.93       4,398       0.83       3.21       0.85       81  
C Shares
                                                                                                               
Year Ended March 31, 2010
    10.19       0.22       0.22       0.44       (0.25 )           (0.25 )     10.38       4.36       8,265       1.62       2.15       1.67       435  
Year Ended March 31, 2009
    9.93       0.33       0.29       0.62       (0.36 )           (0.36 )     10.19       6.42       8,556       1.60       3.33       1.60       337  
Year Ended March 31, 2008
    9.94       0.36 (a)     0.03       0.39       (0.40 )           (0.40 )     9.93       4.04       10,798       1.58       3.65       1.59       154  
Year Ended March 31, 2007
    9.89       0.33 (a)     0.08       0.41       (0.36 )           (0.36 )     9.94       4.18       14,530       1.55       3.30       1.55       90  
Year Ended March 31, 2006
    10.10       0.23       (0.12 )     0.11       (0.32 )           (0.32 )     9.89       1.14       20,112       1.50       2.54       1.65       81  
Maryland Municipal Bond Fund(6)
                                                                                                               
I Shares
                                                                                                               
Year Ended March 31, 2010
    10.04       0.37       0.44       0.81       (0.37 )           (0.37 )     10.48       8.18       24,332       0.65       3.58       0.65       35  
Year Ended March 31, 2009
    10.04       0.37             0.37       (0.37 )           (0.37 )     10.04       3.79       26,064       0.63       3.71       0.63       26  
Year Ended March 31, 2008
    10.21       0.37       (0.16 )     0.21       (0.37 )     (0.01 )     (0.38 )     10.04       2.07       38,138       0.62       3.66       0.62       23  
Year Ended March 31, 2007
    10.14       0.38 (a)     0.11       0.49       (0.38 )     (0.04 )     (0.42 )     10.21       4.93       29,513       0.63       3.75       0.63       57  
Year Ended March 31, 2006
    10.27       0.38       (0.04 )     0.34       (0.38 )     (0.09 )     (0.47 )     10.14       3.34       32,699       0.66       3.68       0.68       55  
A Shares
                                                                                                               
Period Ended March 31, 2010#
    10.29       0.24       0.19       0.43       (0.24 )           (0.24 )     10.48       4.18       5,200       0.81       3.38       0.81       35  
Period Ended March 31, 2009##
    10.05       0.27       (0.25 )     0.02       (0.27 )           (0.27 )     9.80       0.22             0.78       3.58       0.78       26  
Year Ended March 31, 2008
    10.22       0.36       (0.16 )     0.20       (0.36 )     (0.01 )     (0.37 )     10.05       1.91       45       0.79       3.65       0.79       23  
Year Ended March 31, 2007
    10.15       0.38 (a)     0.10       0.48       (0.37 )     (0.04 )     (0.41 )     10.22       4.77       45       0.78       3.69       0.78       57  
Period Ended March 31, 2006
    10.32       0.30       (0.07 )     0.23       (0.31 )     (0.09 )     (0.40 )     10.15       2.25       502       0.77       3.54       0.78       55  
 
See Notes to Financial Highlights and Notes to Financial Statements.


229


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                                 
                                                Ratio of
       
            Net
                              Ratio of
  Net
  Ratio of
   
            Realized
                              Net
  Investment
  Expenses to
   
            and
          Distributions
      Net
          Expenses
  Income
  Average
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
          to
  to
  Net Assets
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
      Net Assets,
  Average
  Average
  (Excluding
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
  End of
  Net
  Net
  Waivers and
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1)   Period (000)   Assets(2)   Assets(2)   Reimbursements)(2)   Rate(3)
North Carolina Tax-Exempt Bond Fund
                                                                                                               
I Shares
                                                                                                               
Year Ended March 31, 2010
  $ 9.63     $ 0.37     $ 0.44     $ 0.81     $ (0.37 )   $     $ (0.37 )   $ 10.07       8.53 %   $ 51,866       0.62 %     3.72 %     0.62 %     65 %
Year Ended March 31, 2009
    9.71       0.35       (0.08 )     0.27       (0.35 )           (0.35 )     9.63       2.88       43,660       0.61       3.66       0.61       74  
Year Ended March 31, 2008
    10.05       0.37       (0.34 )     0.03       (0.37 )           (0.37 )     9.71       0.26       43,046       0.61       3.69       0.61       76  
Year Ended March 31, 2007
    9.90       0.35 (a)     0.15       0.50       (0.35 )           (0.35 )     10.05       5.17       44,130       0.59       3.54       0.59       84  
Year Ended March 31, 2006
    9.87       0.31       0.03       0.34       (0.31 )           (0.31 )     9.90       3.51       41,276       0.68       3.14       0.70       85  
A Shares
                                                                                                               
Year Ended March 31, 2010
    9.61       0.36       0.43       0.79       (0.36 )           (0.36 )     10.04       8.28       762       0.77       3.57       0.77       65  
Year Ended March 31, 2009
    9.68       0.33       (0.06 )     0.27       (0.34 )           (0.34 )     9.61       2.84       559       0.76       3.53       0.76       74  
Year Ended March 31, 2008
    10.03       0.34       (0.34 )           (0.35 )           (0.35 )     9.68       0.01       760       0.77       3.57       0.77       76  
Year Ended March 31, 2007
    9.88       0.34 (a)     0.15       0.49       (0.34 )           (0.34 )     10.03       5.02       896       0.75       3.46       0.75       84  
Year Ended March 31, 2006
    9.87       0.37       0.01       0.38       (0.37 )           (0.37 )     9.88       3.85       110       0.66       2.47       0.67       85  
Seix Floating Rate High Income Fund(6)
                                                                                                               
I Shares
                                                                                                               
Year Ended March 31, 2010
    7.37       0.53       1.40       1.93       (0.50 )           (0.50 )     8.80       26.68       1,173,308       0.50       7.08       0.50       117  
Year Ended March 31, 2009
    8.90       0.52       (1.53 )     (1.01 )     (0.52 )           (0.52 )     7.37       (11.67 )     557,347       0.49       6.31       0.49       226  
Year Ended March 31, 2008
    9.98       0.70       (1.06 )     (0.36 )     (0.70 )     (0.02 )     (0.72 )     8.90       (3.85 )     553,208       0.51       7.34       0.51       134  
Year Ended March 31, 2007
    9.96       0.69       0.03       0.72       (0.70 )           (0.70 )     9.98       7.47       582,861       0.51       7.03       0.51       148  
Period Ended March 31, 2006
    10.00       0.04       (0.04 )           (0.04 )           (0.04 )     9.96       0.02       106,405       0.56       5.24       0.80       9  
A Shares
                                                                                                               
Year Ended March 31, 2010
    7.38       0.50       1.39       1.89       (0.47 )           (0.47 )     8.80       26.11       22,298       0.81       6.81       0.81       117  
Year Ended March 31, 2009
    8.90       0.50       (1.52 )     (1.02 )     (0.50 )           (0.50 )     7.38       (11.82 )     5,513       0.79       6.08       0.79       226  
Year Ended March 31, 2008
    9.99       0.67       (1.07 )     (0.40 )     (0.67 )     (0.02 )     (0.69 )     8.90       (4.25 )     6,591       0.82       7.01       0.82       134  
Period Ended March 31, 2007
    9.94       0.60       0.06       0.66       (0.61 )           (0.61 )     9.99       6.87       10,310       0.79       6.83       0.79       148  
C Shares
                                                                                                               
Year Ended March 31, 2010
    7.37       0.45       1.41       1.86       (0.42 )           (0.42 )     8.81       25.59       7,402       1.49       6.35       1.49       117  
Year Ended March 31, 2009
    8.90       0.44       (1.53 )     (1.09 )     (0.44 )           (0.44 )     7.37       (12.55 )     543       1.49       5.27       1.49       226  
Period Ended March 31, 2008
    9.52       0.40       (0.61 )     (0.21 )     (0.39 )     (0.02 )     (0.41 )     8.90       (2.31 )     216       1.49       6.43       1.49       134  
Seix Global Strategy Fund(6)
                                                                                                               
I Shares
                                                                                                               
Year Ended March 31, 2010
    10.44       (0.07 )     0.20       0.13             (0.29 )     (0.29 )     10.28       1.38       9,589       0.83       (0.70 )     1.01        
Period Ended March 31, 2009
    10.00       0.05       0.52       0.57       (0.07 )     (0.06 )     (0.13 )     10.44       5.68       10,427       0.69       0.82       1.44       741  
 
See Notes to Financial Highlights and Notes to Financial Statements.


230


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                                 
                                                Ratio of
       
            Net
                              Ratio of
  Net
  Ratio of
   
            Realized
                              Net
  Investment
  Expenses to
   
            and
          Distributions
      Net
          Expenses
  Income
  Average
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
          to
  to
  Net Assets
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
      Net Assets,
  Average
  Average
  (Excluding
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
  End of
  Net
  Net
  Waivers and
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1)   Period (000)   Assets(2)   Assets(2)   Reimbursements)(2)   Rate(3)
Seix High Yield Fund
I Shares
                                                                                                               
Year Ended March 31, 2010
  $ 7.75     $ 0.77     $ 1.70     $ 2.47     $ (0.76 )   $     $ (0.76 )   $ 9.46       32.91 %   $ 1,723,678       0.48 %     8.54 %     0.49 %     116 %
Year Ended March 31, 2009
    9.77       0.78       (2.03 )     (1.25 )     (0.77 )           (0.77 )     7.75       (13.15 )     786,029       0.50       8.99       0.51       114  
Year Ended March 31, 2008
    10.84       0.80       (1.06 )     (0.26 )     (0.81 )           (0.81 )     9.77       (2.50 )     663,081       0.49       7.70       0.50       117  
Year Ended March 31, 2007
    10.69       0.74       0.15       0.89       (0.74 )           (0.74 )     10.84       8.68       1,116,851       0.48       6.92       0.48       130  
Year Ended March 31, 2006
    10.94       0.68       (0.10 )     0.58       (0.68 )     (0.15 )     (0.83 )     10.69       5.37       1,217,679       0.49       6.20       0.50       95  
A Shares
                                                                                                               
Year Ended March 31, 2010
    7.58       0.74       1.67       2.41       (0.74 )           (0.74 )     9.25       32.81       28,378       0.75       8.51       0.75       116  
Year Ended March 31, 2009
    9.55       0.75       (1.97 )     (1.22 )     (0.75 )           (0.75 )     7.58       (13.14 )     18,530       0.76       8.84       0.77       114  
Year Ended March 31, 2008
    10.60       0.77       (1.04 )     (0.27 )     (0.78 )           (0.78 )     9.55       (2.65 )     21,640       0.75       7.68       0.75       117  
Year Ended March 31, 2007
    10.45       0.72       0.15       0.87       (0.72 )           (0.72 )     10.60       8.61       29,517       0.74       6.82       0.74       130  
Year Ended March 31, 2006
    10.70       0.65       (0.10 )     0.55       (0.65 )     (0.15 )     (0.80 )     10.45       5.22       36,291       0.73       5.94       0.73       95  
R Shares(4)
                                                                                                               
Year Ended March 31, 2010
    7.75       0.71       1.69       2.40       (0.70 )           (0.70 )     9.45       31.92       6,347       1.14       7.92       1.14       116  
Year Ended March 31, 2009
    9.77       0.70       (2.03 )     (1.33 )     (0.69 )           (0.69 )     7.75       (14.01 )     5,060       1.50       7.90       1.50       114  
Year Ended March 31, 2008
    10.83       0.70       (1.05 )     (0.35 )     (0.71 )           (0.71 )     9.77       (3.40 )     4,012       1.50       6.75       1.50       117  
Year Ended March 31, 2007
    10.68       0.63       0.15       0.78       (0.63 )           (0.63 )     10.83       7.62       4,970       1.48       5.92       1.48       130  
Year Ended March 31, 2006
    10.93       0.58       (0.10 )     0.48       (0.58 )     (0.15 )     (0.73 )     10.68       4.45       5,814       1.39       5.25       1.48       95  
Short-Term Bond Fund
I Shares
                                                                                                               
Year Ended March 31, 2010
    9.40       0.30       0.53       0.83       (0.29 )           (0.29 )     9.94       8.91 (b)     489,413       0.46       3.00       0.46       122  
Year Ended March 31, 2009
    9.87       0.40       (0.47 )     (0.07 )     (0.40 )           (0.40 )     9.40       (0.70 )(b)     326,801       0.46       4.20       0.46       122  
Year Ended March 31, 2008
    9.78       0.45       0.09       0.54       (0.45 )           (0.45 )     9.87       5.63       390,659       0.45       4.58       0.46       152  
Year Ended March 31, 2007
    9.71       0.43 (a)     0.07       0.50       (0.43 )           (0.43 )     9.78       5.23       426,757       0.46       4.38       0.46       104  
Year Ended March 31, 2006
    9.73       0.32       (0.01 )     0.31       (0.33 )           (0.33 )     9.71       3.24       281,282       0.55       3.32       0.57       94  
A Shares
                                                                                                               
Year Ended March 31, 2010
    9.42       0.28       0.53       0.81       (0.27 )           (0.27 )     9.96       8.65 (b)     3,389       0.68       2.78       0.68       122  
Year Ended March 31, 2009
    9.89       0.38       (0.47 )     (0.09 )     (0.38 )           (0.38 )     9.42       (0.90 )(b)     2,715       0.66       4.00       0.66       122  
Year Ended March 31, 2008
    9.81       0.43       0.08       0.51       (0.43 )           (0.43 )     9.89       5.30       3,767       0.65       4.38       0.66       152  
Year Ended March 31, 2007
    9.73       0.41 (a)     0.08       0.49       (0.41 )           (0.41 )     9.81       5.11       3,742       0.66       4.15       0.66       104  
Year Ended March 31, 2006
    9.75       0.30       (0.01 )     0.29       (0.31 )           (0.31 )     9.73       3.01       5,062       0.77       3.09       0.79       94  
C Shares
                                                                                                               
Year Ended March 31, 2010
    9.42       0.20       0.53       0.73       (0.19 )           (0.19 )     9.96       7.81 (b)     2,754       1.46       2.03       1.46       122  
Year Ended March 31, 2009
    9.89       0.30       (0.47 )     (0.17 )     (0.30 )           (0.30 )     9.42       (1.69 )(b)     2,948       1.45       3.20       1.46       122  
Year Ended March 31, 2008
    9.81       0.35       0.08       0.43       (0.35 )           (0.35 )     9.89       4.46       3,477       1.46       3.58       1.46       152  
Year Ended March 31, 2007
    9.73       0.33 (a)     0.08       0.41       (0.33 )           (0.33 )     9.81       4.29       4,501       1.46       3.33       1.46       104  
Year Ended March 31, 2006
    9.75       0.24       (0.01 )     0.23       (0.25 )           (0.25 )     9.73       2.34       9,559       1.42       2.44       1.59       94  
 
See Notes to Financial Highlights and Notes to Financial Statements.


231


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                                 
                                                Ratio of
       
            Net
                              Ratio of
  Net
  Ratio of
   
            Realized
                              Net
  Investment
  Expenses to
   
            and
          Distributions
      Net
          Expenses
  Income
  Average
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
          to
  to
  Net Assets
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
      Net Assets,
  Average
  Average
  (Excluding
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
  End of
  Net
  Net
  Waivers and
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1)   Period (000)   Assets(2)   Assets(2)   Reimbursements)(2)   Rate(3)
Short-Term U.S. Treasury Securities Fund
I Shares
                                                                                                               
Year Ended March 31, 2010
  $ 10.33     $ 0.14     $ (0.03 )   $ 0.11     $ (0.14 )   $ (0.03 )   $ (0.17 )   $ 10.27       1.03 %   $ 33,504       0.49 %     1.29 %     0.54 %     147 %
Year Ended March 31, 2009
    10.26       0.28       0.07       0.35       (0.28 )           (0.28 )     10.33       3.50       61,692       0.48       2.74       0.48       144  
Year Ended March 31, 2008
    9.86       0.42       0.40       0.82       (0.42 )           (0.42 )     10.26       8.56       62,416       0.48       4.24       0.49       66  
Year Ended March 31, 2007
    9.80       0.39       0.06       0.45       (0.39 )           (0.39 )     9.86       4.64       55,459       0.48       3.93       0.48       87  
Year Ended March 31, 2006
    9.91       0.28       (0.11 )     0.17       (0.28 )           (0.28 )     9.80       1.70       54,991       0.58       2.79       0.63       151  
A Shares
                                                                                                               
Year Ended March 31, 2010
    10.32       0.12       (0.03 )     0.09       (0.12 )     (0.03 )     (0.15 )     10.26       0.85       5,839       0.67       1.20       0.71       147  
Year Ended March 31, 2009
    10.25       0.26       0.07       0.33       (0.26 )           (0.26 )     10.32       3.31       16,854       0.65       2.30       0.66       144  
Year Ended March 31, 2008
    9.85       0.41       0.40       0.81       (0.41 )           (0.41 )     10.25       8.37       3,800       0.66       4.07       0.67       66  
Year Ended March 31, 2007
    9.79       0.37       0.06       0.43       (0.37 )           (0.37 )     9.85       4.46       3,974       0.66       3.75       0.66       87  
Year Ended March 31, 2006
    9.90       0.26       (0.11 )     0.15       (0.26 )           (0.26 )     9.79       1.52       4,336       0.76       2.60       0.82       151  
C Shares
                                                                                                               
Year Ended March 31, 2010
    10.31       0.03       (0.03 )           (0.03 )     (0.03 )     (0.06 )     10.25       0.04       6,426       1.49       0.33       1.55       147  
Year Ended March 31, 2009
    10.25       0.18       0.06       0.24       (0.18 )           (0.18 )     10.31       2.38       7,113       1.48       1.79       1.48       144  
Year Ended March 31, 2008
    9.84       0.32       0.41       0.73       (0.32 )           (0.32 )     10.25       7.60       8,839       1.48       3.27       1.50       66  
Year Ended March 31, 2007
    9.78       0.29       0.06       0.35       (0.29 )           (0.29 )     9.84       3.62       11,378       1.48       2.90       1.48       87  
Year Ended March 31, 2006
    9.89       0.20       (0.11 )     0.09       (0.20 )           (0.20 )     9.78       0.88       19,958       1.39       1.99       1.65       151  
Total Return Bond Fund
                                                                                                               
I Shares
                                                                                                               
Year Ended March 31, 2010
    10.26       0.40       0.43       0.83       (0.36 )     (0.13 )     (0.49 )     10.60       8.17       724,588       0.31       3.72       0.31       326  
Year Ended March 31, 2009
    10.10       0.49       0.18       0.67       (0.51 )           (0.51 )     10.26       6.89       602,267       0.30       4.85       0.30       199  
Year Ended March 31, 2008
    9.96       0.51       0.14       0.65       (0.51 )           (0.51 )     10.10       6.74       630,451       0.30       5.14       0.30       248  
Year Ended March 31, 2007
    9.86       0.48       0.11       0.59       (0.49 )           (0.49 )     9.96       6.16       601,676       0.30       4.97       0.30       310  
Year Ended March 31, 2006
    10.12       0.41       (0.24 )     0.17       (0.42 )     (0.01 )     (0.43 )     9.86       1.68       497,730       0.29       4.01       0.29       236  
A Shares
                                                                                                               
Year Ended March 31, 2010
    10.57       0.38       0.43       0.81       (0.33 )     (0.13 )     (0.46 )     10.92       7.75       8,540       0.55       3.14       0.55       326  
Year Ended March 31, 2009
    10.40       0.46       0.19       0.65       (0.48 )           (0.48 )     10.57       6.51       510       0.54       4.51       0.54       199  
Year Ended March 31, 2008
    10.26       0.49       0.14       0.63       (0.49 )           (0.49 )     10.40       6.28       269       0.54       4.76       0.54       248  
Year Ended March 31, 2007
    10.15       0.46       0.12       0.58       (0.47 )           (0.47 )     10.26       5.82       324       0.54       4.57       0.54       310  
Year Ended March 31, 2006
    10.41       0.38       (0.24 )     0.14       (0.39 )     (0.01 )     (0.40 )     10.15       1.38       493       0.56       3.67       0.56       236  
R Shares(5)
                                                                                                               
Year Ended March 31, 2010
    10.26       0.35       0.42       0.77       (0.30 )     (0.13 )     (0.43 )     10.60       7.61       710       0.82       3.11       0.82       326  
Year Ended March 31, 2009
    10.10       0.39       0.19       0.58       (0.42 )           (0.42 )     10.26       5.90       325       1.10       4.01       1.10       199  
Year Ended March 31, 2008
    9.96       0.41       0.14       0.55       (0.41 )           (0.41 )     10.10       5.68       40       1.30       4.13       1.30       248  
Year Ended March 31, 2007
    9.86       0.38       0.11       0.49       (0.39 )           (0.39 )     9.96       5.10       29       1.30       3.96       1.30       310  
Year Ended March 31, 2006
    10.12       0.32       (0.24 )     0.08       (0.33 )     (0.01 )     (0.34 )     9.86       0.76       28       1.24       3.10       1.27       236  
 
See Notes to Financial Highlights and Notes to Financial Statements.


232


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                                 
                                                Ratio of
       
            Net
                              Ratio of
  Net
  Ratio of
   
            Realized
                              Net
  Investment
  Expenses to
   
            and
          Distributions
      Net
          Expenses
  Income
  Average
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
          to
  to
  Net Assets
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
      Net Assets,
  Average
  Average
  (Excluding
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
  End of
  Net
  Net
  Waivers and
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1)   Period (000)   Assets(2)   Assets(2)   Reimbursements)(2)   Rate(3)
Ultra-Short Bond Fund
                                                                                                               
I Shares
                                                                                                               
Year Ended March 31, 2010
  $ 9.52     $ 0.25     $ 0.39     $ 0.64     $ (0.25 )   $     $ (0.25 )   $ 9.91       6.82 %   $ 92,528       0.34 %     2.51 %     0.37 %     130 %
Year Ended March 31, 2009
    9.91       0.39       (0.40 )     (0.01 )     (0.38 )           (0.38 )     9.52       (0.13 )     55,088       0.31       3.95       0.36       88  
Year Ended March 31, 2008
    10.00       0.47       (0.09 )     0.38       (0.47 )           (0.47 )     9.91       3.89       87,892       0.30       4.72       0.33       126  
Year Ended March 31, 2007
    9.96       0.48       0.05       0.53       (0.49 )           (0.49 )     10.00       5.44       85,646       0.28       4.58       0.28       96  
Year Ended March 31, 2006
    10.00       0.36       (0.04 )     0.32       (0.36 )           (0.36 )     9.96       3.23       245,257       0.30       3.61       0.37       114  
U.S. Government Securities Fund
                                                                                                               
I Shares
                                                                                                               
Year Ended March 31, 2010
    11.11       0.26       (0.37 )     (0.11 )     (0.27 )     (1.97 )     (2.24 )     8.76       (1.07 )     71,910       0.58       2.35       0.58       85  
Year Ended March 31, 2009
    10.59       0.33       0.56       0.89       (0.34 )     (0.03 )     (0.37 )     11.11       8.49       341,727       0.55       3.09       0.56       130  
Year Ended March 31, 2008
    10.29       0.50       0.30       0.80       (0.50 )           (0.50 )     10.59       8.04       491,970       0.55       4.89       0.55       134  
Year Ended March 31, 2007
    10.19       0.47       0.11       0.58       (0.48 )           (0.48 )     10.29       5.86       535,056       0.55       4.70       0.55       131  
Year Ended March 31, 2006
    10.42       0.37       (0.20 )     0.17       (0.40 )           (0.40 )     10.19       1.66       316,475       0.65       3.63       0.65       118  
A Shares
                                                                                                               
Year Ended March 31, 2010
    11.11       0.21       (0.35 )     (0.14 )     (0.24 )     (1.97 )     (2.21 )     8.76       (1.38 )     2,314       0.89       1.98       0.89       85  
Year Ended March 31, 2009
    10.59       0.29       0.56       0.85       (0.30 )     (0.03 )     (0.33 )     11.11       8.17       2,954       0.85       2.78       0.86       130  
Year Ended March 31, 2008
    10.29       0.47       0.30       0.77       (0.47 )           (0.47 )     10.59       7.72       3,496       0.85       4.61       0.85       134  
Year Ended March 31, 2007
    10.19       0.44       0.11       0.55       (0.45 )           (0.45 )     10.29       5.54       2,849       0.85       4.40       0.85       131  
Year Ended March 31, 2006
    10.41       0.32       (0.17 )     0.15       (0.37 )           (0.37 )     10.19       1.43       3,032       0.99       3.31       0.99       118  
C Shares
                                                                                                               
Year Ended March 31, 2010
    11.11       0.14       (0.35 )     (0.21 )     (0.17 )     (1.97 )     (2.14 )     8.76       (2.05 )     3,038       1.58       1.28       1.58       85  
Year Ended March 31, 2009
    10.59       0.22       0.56       0.78       (0.23 )     (0.03 )     (0.26 )     11.11       7.42       3,649       1.55       2.08       1.55       130  
Year Ended March 31, 2008
    10.29       0.40       0.30       0.70       (0.40 )           (0.40 )     10.59       6.97       4,222       1.55       3.90       1.55       134  
Year Ended March 31, 2007
    10.19       0.37       0.11       0.48       (0.38 )           (0.38 )     10.29       4.81       5,121       1.55       3.67       1.55       131  
Year Ended March 31, 2006
    10.41       0.27       (0.19 )     0.08       (0.30 )           (0.30 )     10.19       0.76       7,909       1.66       2.60       1.68       118  
U.S. Government Securities Ultra-Short Bond Fund
                                                                                                               
I Shares
                                                                                                               
Year Ended March 31, 2010
    10.03       0.30       0.06       0.36       (0.32 )           (0.32 )     10.07       3.62       1,340,992       0.29       2.15       0.29       119  
Year Ended March 31, 2009
    10.03       0.41       0.01       0.42       (0.42 )           (0.42 )     10.03       4.29       90,675       0.28       4.00       0.32       92  
Year Ended March 31, 2008
    9.95       0.43       0.10       0.53       (0.45 )           (0.45 )     10.03       5.41       62,904       0.28       4.33       0.33       140  
Year Ended March 31, 2007
    9.85       0.42       0.11       0.53       (0.43 )           (0.43 )     9.95       5.50       34,411       0.29       4.23       0.33       141  
Year Ended March 31, 2006
    9.90       0.36       (0.06 )     0.30       (0.35 )           (0.35 )     9.85       3.12       42,616       0.29       3.41       0.47       126  
Virginia Intermediate Municipal Bond Fund
                                                                                                               
I Shares
                                                                                                               
Year Ended March 31, 2010
    10.22       0.37       0.19       0.56       (0.37 )     (0.02 )     (0.39 )     10.39       5.58       191,537       0.61       3.56       0.61       33  
Year Ended March 31, 2009
    10.09       0.36       0.13       0.49       (0.36 )           (0.36 )     10.22       5.01       181,882       0.60       3.61       0.60       20  
Year Ended March 31, 2008
    10.11       0.37       (0.02 )     0.35       (0.37 )           (0.37 )     10.09       3.51       204,507       0.60       3.65       0.60       28  
Year Ended March 31, 2007
    10.01       0.36       0.10       0.46       (0.36 )           (0.36 )     10.11       4.67       214,908       0.59       3.59       0.60       54  
Year Ended March 31, 2006
    10.11       0.34       (0.03 )     0.31       (0.34 )     (0.07 )     (0.41 )     10.01       3.05       169,743       0.65       3.33       0.66       54  
A Shares
                                                                                                               
Year Ended March 31, 2010
    10.22       0.35       0.20       0.55       (0.36 )     (0.02 )     (0.38 )     10.39       5.44       14,236       0.75       3.35       0.75       33  
Year Ended March 31, 2009
    10.09       0.35       0.13       0.48       (0.35 )           (0.35 )     10.22       4.85       7,619       0.75       3.46       0.75       20  
Year Ended March 31, 2008
    10.11       0.35       (0.02 )     0.33       (0.35 )           (0.35 )     10.09       3.36       6,232       0.75       3.50       0.75       28  
Year Ended March 31, 2007
    10.01       0.35       0.10       0.45       (0.35 )           (0.35 )     10.11       4.52       5,395       0.74       3.43       0.75       54  
Year Ended March 31, 2006
    10.11       0.33       (0.03 )     0.30       (0.33 )     (0.07 )     (0.40 )     10.01       2.92       5,480       0.79       3.22       0.82       54  
 
See Notes to Financial Highlights and Notes to Financial Statements.


233


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                         
                                                Ratio of
   
            Net
                              Ratio of
  Net
  Ratio of
            Realized
                              Net
  Investment
  Expenses to
            and
          Distributions
      Net
          Expenses
  Income
  Average
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
          to
  to
  Net Assets
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
      Net Assets,
  Average
  Average
  (Excluding
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
  End of
  Net
  Net
  Waivers and
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1)   Period (000)   Assets(2)   Assets(2)   Reimbursements)(2)
Prime Quality Money Market Fund
                                                                                                       
I Shares
                                                                                                       
Year Ended March 31, 2010
  $ 1.00     $     $     $     $     $     $     $ 1.00       0.09 %   $ 2,381,233       0.31 %     0.10 %     0.59 %
Year Ended March 31, 2009
    1.00       0.02             0.02       (0.02 )           (0.02 )     1.00       1.55 (c)     3,448,997       0.55       1.55 (c)     0.55  
Year Ended March 31, 2008
    1.00       0.04             0.04       (0.04 )           (0.04 )     1.00       4.46 (d)     3,834,993       0.52       4.34 (d)     0.52  
Year Ended March 31, 2007
    1.00       0.05             0.05       (0.05 )           (0.05 )     1.00       4.83       3,248,781       0.53       4.73       0.53  
Year Ended March 31, 2006
    1.00       0.03             0.03       (0.03 )           (0.03 )     1.00       3.25       2,976,881       0.58       3.19       0.61  
A Shares
                                                                                                       
Year Ended March 31, 2010
    1.00                                           1.00       0.02       2,492,632       0.39       0.02       0.74  
Year Ended March 31, 2009
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       1.40 (c)     3,822,051       0.69       1.51 (c)     0.70  
Year Ended March 31, 2008
    1.00       0.04             0.04       (0.04 )           (0.04 )     1.00       4.30 (d)     6,523,136       0.67       4.21 (d)     0.67  
Year Ended March 31, 2007
    1.00       0.05             0.05       (0.05 )           (0.05 )     1.00       4.67       5,917,224       0.68       4.59       0.68  
Year Ended March 31, 2006
    1.00       0.03             0.03       (0.03 )           (0.03 )     1.00       3.08       4,011,561       0.74       3.16       0.76  
C Shares
                                                                                                       
Year Ended March 31, 2010
    1.00                                           1.00       0.02       1,135       0.39       0.02       0.84  
Year Ended March 31, 2009
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       1.31 (c)     2,246       0.78       1.45 (c)     0.79  
Year Ended March 31, 2008
    1.00       0.04             0.04       (0.04 )           (0.04 )     1.00       4.20 (d)     4,129       0.77       4.11 (d)     0.77  
Year Ended March 31, 2007
    1.00       0.04             0.04       (0.04 )           (0.04 )     1.00       4.57       3,733       0.78       4.47       0.78  
Year Ended March 31, 2006
    1.00       0.03             0.03       (0.03 )           (0.03 )     1.00       3.01       3,991       0.82       2.81       1.10  
Tax-Exempt Money Market Fund
                                                                                                       
I Shares
                                                                                                       
Year Ended March 31, 2010
    1.00                                           1.00       0.11       1,539,158       0.27       0.11       0.51  
Year Ended March 31, 2009
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       1.20       1,568,626       0.48       1.18       0.50  
Year Ended March 31, 2008
    1.00       0.03             0.03       (0.03 )           (0.03 )     1.00       2.94       1,573,560       0.48       2.85       0.48  
Year Ended March 31, 2007
    1.00       0.03             0.03       (0.03 )           (0.03 )     1.00       3.15       1,157,688       0.48       3.10       0.48  
Year Ended March 31, 2006
    1.00       0.02             0.02       (0.02 )           (0.02 )     1.00       2.27       1,172,717       0.50       2.25       0.53  
A Shares
                                                                                                       
Year Ended March 31, 2010
    1.00                                           1.00       0.02       213,399       0.37       0.02       0.66  
Year Ended March 31, 2009
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       1.05       358,910       0.63       1.07       0.65  
Year Ended March 31, 2008
    1.00       0.03             0.03       (0.03 )           (0.03 )     1.00       2.78       590,345       0.63       2.75       0.63  
Year Ended March 31, 2007
    1.00       0.03             0.03       (0.03 )           (0.03 )     1.00       3.00       594,416       0.63       2.95       0.63  
Year Ended March 31, 2006
    1.00       0.02             0.02       (0.02 )           (0.02 )     1.00       2.12       671,164       0.65       2.10       0.68  
U.S. Government Securities Money Market Fund
                                                                                                       
I Shares
                                                                                                       
Year Ended March 31, 2010
    1.00                                           1.00       0.07       729,297       0.22       0.07       0.60  
Year Ended March 31, 2009
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       1.16       879,234       0.57       1.32       0.58  
Year Ended March 31, 2008
    1.00       0.04             0.04       (0.04 )           (0.04 )     1.00       4.12       2,108,351       0.58       3.71       0.58  
Year Ended March 31, 2007
    1.00       0.05             0.05       (0.05 )           (0.05 )     1.00       4.62       691,145       0.59       4.56       0.59  
Year Ended March 31, 2006
    1.00       0.03             0.03       (0.03 )           (0.03 )     1.00       3.07       413,893       0.62       2.99       0.65  
A Shares
                                                                                                       
Year Ended March 31, 2010Ù
    1.00                                           1.00       0.02       180,878       0.30       0.02       0.75  
Year Ended March 31, 2009
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       1.01       344,238       0.72       0.96       0.74  
Year Ended March 31, 2008
    1.00       0.04             0.04       (0.04 )           (0.04 )     1.00       3.96       333,593       0.74       3.86       0.74  
Year Ended March 31, 2007
    1.00       0.04             0.04       (0.04 )           (0.04 )     1.00       4.46       257,949       0.74       4.37       0.74  
Year Ended March 31, 2006
    1.00       0.03             0.03       (0.03 )           (0.03 )     1.00       2.91       253,648       0.77       2.91       0.80  
 
See Notes to Financial Highlights and Notes to Financial Statements.


234


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                         
                                                Ratio of
   
            Net
                              Ratio of
  Net
  Ratio of
            Realized
                              Net
  Investment
  Expenses to
            and
          Distributions
      Net
          Expenses
  Income
  Average
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
          to
  to
  Net Assets
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
      Net Assets,
  Average
  Average
  (Excluding
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
  End of
  Net
  Net
  Waivers and
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1)   Period (000)   Assets(2)   Assets(2)   Reimbursements)(2)
U.S. Treasury Money Market Fund
                                                                                                       
I Shares
                                                                                                       
Year Ended March 31, 2010
  $ 1.00     $     $     $     $     $     $     $ 1.00       0.05 %   $ 796,213       0.15 %     0.06 %     0.60 %
Year Ended March 31, 2009
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.75       1,238,400       0.41       0.72       0.58  
Year Ended March 31, 2008
    1.00       0.04             0.04       (0.04 )           (0.04 )     1.00       3.67       1,130,334       0.58       3.57       0.59  
Year Ended March 31, 2007
    1.00       0.05             0.05       (0.05 )           (0.05 )     1.00       4.61       1,025,065       0.58       4.50       0.58  
Year Ended March 31, 2006
    1.00       0.03             0.03       (0.03 )           (0.03 )     1.00       2.99       1,650,172       0.60       2.98       0.63  
A Shares
                                                                                                       
Year Ended March 31, 2010
    1.00                                           1.00       0.02       329,380       0.17       0.02       0.75  
Year Ended March 31, 2009
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.61       262,284       0.48       0.31       0.73  
Year Ended March 31, 2008
    1.00       0.03             0.03       (0.03 )           (0.03 )     1.00       3.52       101,460       0.73       3.03       0.74  
Year Ended March 31, 2007
    1.00       0.04             0.04       (0.04 )           (0.04 )     1.00       4.45       31,554       0.73       4.41       0.73  
Year Ended March 31, 2006
    1.00       0.03             0.03       (0.03 )           (0.03 )     1.00       2.84       12,366       0.75       3.12       0.76  
Virginia Tax-Free Money Market Fund
                                                                                                       
I Shares
                                                                                                       
Year Ended March 31, 2010
    1.00                                           1.00       0.11       162,341       0.28       0.11       0.50  
Year Ended March 31, 2009
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       1.25       202,553       0.46       1.28       0.47  
Year Ended March 31, 2008
    1.00       0.03             0.03       (0.03 )           (0.03 )     1.00       2.97       294,937       0.44       2.91       0.45  
Year Ended March 31, 2007
    1.00       0.03             0.03       (0.03 )           (0.03 )     1.00       3.14       230,191       0.45       3.09       0.45  
Year Ended March 31, 2006
    1.00       0.02             0.02       (0.02 )           (0.02 )     1.00       2.33       226,319       0.46       2.28       0.46  
A Shares
                                                                                                       
Year Ended March 31, 2010
    1.00                                           1.00       0.02       152,538       0.38       0.02       0.65  
Year Ended March 31, 2009
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       1.09       237,685       0.61       1.17       0.62  
Year Ended March 31, 2008
    1.00       0.03             0.03       (0.03 )           (0.03 )     1.00       2.82       418,242       0.59       2.75       0.60  
Year Ended March 31, 2007
    1.00       0.03             0.03       (0.03 )           (0.03 )     1.00       2.98       378,541       0.60       2.94       0.60  
Year Ended March 31, 2006
    1.00       0.02             0.02       (0.02 )           (0.02 )     1.00       2.16       303,752       0.62       2.12       0.68  
 
See Notes to Financial Highlights and Notes to Financial Statements.


235


 

 
NOTES TO FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  March 31, 2010
 
(1)
Total return excludes sales charge. Not annualized for periods less than one year.
 
(2)
Annualized for periods less than one year.
 
(3)
Not annualized for periods less than one year.
 
(4)
Effective at the close of business on July 31, 2009, C Shares converted to R Shares and C Shares are no longer available for purchase. The data prior to such date reflects that of C Shares.
 
(5)
Effective at the close of business on February 12, 2009, C Shares converted to R Shares and C Shares are no longer available for purchase. The data prior to such date reflects that of C Shares.
 
(6)
The following table details the commencement of operations of certain classes of each respective fund.
         
Fund
  Class   Commencement Date
Maryland Municipal Bond Fund
  A Shares   April 13, 2005
Seix Floating Rate High Income Fund
  I Shares   March 2, 2006
Seix Floating Rate High Income Fund
  A Shares   May 8, 2006
Seix Floating Rate High Income Fund
  C Shares   August 3, 2007
Seix Global Strategy Fund
  I Shares   September 8, 2008
 
(a)
Per share data was calculated using the average shares method.
 
(b)
The total return shown is based on the ending net asset value calculated in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and differs from the total return shown based on the net asset value calculated for shareholder transactions.
 
(c)
During the year ended March 31, 2009 the Fund received certain payments by an affiliate. These payments had no impact to the ratio of net investment income to average net assets. Absent these payments, the total return would have been 0.55%, 0.40% and 0.31% for I Shares, A Shares and C Shares, respectively.
 
(d)
During the year ended March 31, 2008, the Fund received certain payments by an affiliate. Absent these payments, the ratio of net investment income to average net assets would have been 4.14% for I Shares, 4.01% for A Shares and 3.91% for C Shares. There was no impact to the total return as a result of these payments.
 
*
Amended from prior periods’ financial highlights. There were no shareholders in the class for the period from October 16, 2007 through January 17, 2008. The financial highlight information presented is for two separate periods of time when shareholders were invested in the class.
 
^
The Georgia Tax-Exempt Bond Fund’s net expense ratio and gross expense ratio includes interest expense of 0.09% incurred during the year ended March 31, 2009 with respect to investments in certain inverse floating rate securities.
 
#
Prior to August 1, 2009, there were no assets in Class A during the current period. Effective at the close of business July 31, 2009, Class A received assets from the conversion from Class C. The net asset value shown for the beginning of the period reflects the initial converted net asset value from Class C and the amounts shown thereafter reflect operations for Class A from August 1, 2009 through March 31, 2010.
 
##
Class A was operational during a portion of the year only. Amounts reflect performance for the period of time the class had operations, which was 280 days during the period for Maryland Municipal Bond Fund. The net asset value, end of period, presented for Maryland Municipal Bond Fund A Shares was as of January 6, 2009, the last day the class had shareholders.
 
Amounts designated as “—” are $0 or have been rounded to $0.


236


 

NOTES TO FINANCIAL STATEMENTS
RIDGEWORTH FUNDS  March 31, 2010
 
1.  Organization
 
The RidgeWorth Funds (the “Trust”) is organized as a Massachusetts business trust under a Declaration of Trust dated January 15, 1992. The Trust is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company offering 50 funds as of March 31, 2010. The Trust is authorized to issue an unlimited number of shares without par value. The financial statements presented herein are those of the Corporate Bond Fund, Georgia Tax-Exempt Bond Fund, High Grade Municipal Bond Fund, High Income Fund, Intermediate Bond Fund, Investment Grade Bond Fund, Investment Grade Tax-Exempt Bond Fund, Limited Duration Fund, Limited-Term Federal Mortgage Securities Fund, Maryland Municipal Bond Fund, North Carolina Tax-Exempt Bond Fund, Seix Floating Rate High Income Fund, Seix Global Strategy Fund, Seix High Yield Fund, Short-Term Bond Fund, Short-Term U.S. Treasury Securities Fund, Total Return Bond Fund, Ultra-Short Bond Fund, U.S. Government Securities Fund, U.S. Government Securities Ultra-Short Bond Fund, Virginia Intermediate Municipal Bond Fund, Prime Quality Money Market Fund, Tax-Exempt Money Market Fund, U.S. Government Securities Money Market Fund, U.S. Treasury Money Market Fund and Virginia Tax-Free Money Market Fund (each a “Fund” and collectively the “Funds”). The financial statements of the remaining funds are presented separately. The Limited Duration Fund, Ultra-Short Bond Fund and U.S. Government Securities Ultra-Short Bond Fund offer I Shares only. The Georgia Tax-Exempt Bond Fund, High Grade Municipal Bond Fund, Investment Grade Tax-Exempt Bond Fund, Maryland Municipal Bond Fund, North Carolina Tax-Exempt Bond Fund, Seix Global Strategy Fund, Virginia Intermediate Bond Fund, Tax-Exempt Money Market Fund, U.S. Government Securities Money Market Fund, U.S. Treasury Money Market Fund and Virginia Tax-Free Money Market Fund offer I Shares and A Shares. The High Income Fund, Intermediate Bond Fund, Investment Grade Bond Fund, Seix High Yield Fund and Total Return Bond Fund offer I Shares, A Shares and R Shares. The remaining Funds offer I Shares, A Shares and C Shares. The Funds’ prospectuses provide a description of each Fund’s investment objectives, policies and strategies.
 
Effective at the close of business on July 31, 2009, C Shares of the High Income Fund, Investment Grade Bond Fund and Seix High Yield Fund were converted into R Shares and those Funds’ C Shares are no longer available for purchase.
 
                         
    Number of
  Number of
  Amount
Fund
  C Shares Converted   R Shares Issued   of Conversion($)
 
High Income Bond Fund
    2,573,884       2,573,884       14,731,375  
Investment Grade Bond Fund
    1,244,716       1,244,716       14,145,600  
Seix High Yield Bond Fund
    716,466       716,466       6,302,601  
 
Effective at the close of business on July 31, 2009, C Shares of the following Funds converted into A Shares and those Funds’ C Shares are no longer available for purchase.
 
                         
    Number of
  Number of
  Amount
Fund
  C Shares Converted   A Shares Issued   of Conversion($)
 
Georgia Tax-Exempt Bond Fund
    416,781       416,494       4,166,810  
High Grade Municipal Bond Fund
    383,971       384,642       4,138,711  
Investment Grade Tax-Exempt Bond Fund
    519,448       518,642       6,149,017  
Maryland Municipal Bond Fund
    530,885       532,088       5,472,840  
Virginia Intermediate Municipal Bond Fund
    233,777       223,717       2,316,364  
 
As of the close of business on July 31, 2009, C Shares of the North Carolina Tax-Exempt Bond Fund converted to A Shares and C Shares of this Fund are no longer available for purchase. As of the conversion date the C Shares had no shareholders.
 
The conversion of C Shares into A Shares was a non-taxable event. The amounts above are included as Cost of Shares Redeemed and Shares Redeemed for C Shares and Proceeds from Shares Issued and Shares Issued for A Shares on the Statements of Changes in Net Assets.
 
The assets of each Fund are segregated, and a shareholder’s interest is limited to the Fund in which shares are held. Each class of shares has identical rights and privileges, except with respect to the fees paid under the Distribution and Services Plan, voting rights on matters affecting a single class of shares and sales charges. The A Shares of the Funds (except Limited-Term Federal Mortgage Securities Fund, Seix Floating Rate High Income Fund, Short-Term Bond Fund, Short-Term U.S. Treasury Securities Fund, Prime Quality Money Market Fund, Tax-Exempt Money Market Fund, U.S. Government Securities Money Market Fund, U.S. Treasury Money Market Fund and Virginia Tax-Free Money Market Fund) have a maximum sales charge on purchases of 4.75% as a percentage of


237


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
original purchase price. The A Shares of the Limited-Term Federal Mortgage Securities Fund, Seix Floating Rate High Income Fund, Short-Term Bond Fund and Short-Term U.S. Treasury Securities Fund have a maximum sales charge on purchases of 2.50% as a percentage of original purchase price. Certain purchases of A Shares will not be subject to a front-end sales charge but will be subject to a contingent deferred sales charge (CDSC) of 1.00% if redeemed within one year of purchase. The C Shares have a maximum CDSC of 1.00% as a percentage of the original purchase price or the next calculated price after the Funds receive a redemption request, the lesser of, if shares are redeemed within one year of purchase. There is no sales charge on purchases of I or R Shares.
 
Under the Trust’s organizational documents, its officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust. In addition, in the normal course of business, the Trust enters into contracts with its vendors and others that provide for general indemnifications. The Trust’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Trust. However, based on experience, the Trust expects that risk of loss to be remote.
 
2.  Significant Accounting Policies
 
The following is a summary of significant accounting policies followed by the Trust in the preparation of its financial statements. These policies are in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expense during the reporting period. The actual results could differ from these estimates.
 
Security Valuation — Securities listed on a securities exchange, market or automated quotation system for which quotations are readily available (except for securities traded on NASDAQ), including securities traded over the counter, are valued at the last quoted sale price on the primary exchange or market (foreign or domestic) on which they are traded on valuation date (or at approximately 4:00 p.m. Eastern Time if a security’s primary exchange is normally open at that time) or, if there is no such reported sale on the valuation date, at the most recent quoted bid price. For securities traded on NASDAQ, the NASDAQ Official Closing Price is used. If available, debt securities are priced based upon valuations provided by independent, third-party pricing agents. Such values generally reflect the last reported sale price if the security is actively traded. The third-party pricing agents may also value debt securities at an evaluated bid price by employing methodologies that utilize actual market transactions, broker-supplied valuations, or other methodologies designed to identify the market value for such securities. Debt obligations with remaining maturities of sixty days or less may be valued at their amortized cost, which approximates market value. The prices for foreign securities are reported in local currency and converted to U.S. dollars at the exchange rate of such currencies against the U.S. dollar, as of the close of regular trading on the New York Stock Exchange (usually 4:00 p.m. Eastern Time), as provided by an independent pricing service approved by the Funds’ Board of Trustees (the “Board”). If a security price cannot be obtained from an independent, third-party pricing agent, the Funds’ accounting agent shall seek to obtain a bid price from at least one independent broker. Investments in other investment companies are valued at their respective net asset values.
 
The Prime Quality Money Market Fund, Tax-Exempt Money Market Fund, U.S. Government Securities Money Market Fund, U.S. Treasury Money Market Fund and Virginia Tax-Free Money Market Fund (the “Money Market Funds”) state investment securities at amortized cost, which approximates market value. Under the amortized cost method, premium or discount, if any, is amortized or accreted, respectively, on a constant basis to the maturity of the security.
 
Securities for which market prices are not “readily available” are valued in accordance with Pricing and Valuation Procedures established by the Board. The Funds’ Pricing and Valuation Procedures are performed and monitored by a Valuation Committee (the “Committee”) designated by the Board. Some of the more common reasons which may necessitate that a security be valued using Pricing and Valuation Procedures include, but are not limited to: the security’s trading has been halted or suspended; the security has been de-listed from a national exchange; the security’s primary trading market is temporarily closed at a time when under normal conditions it would be open; or the security’s primary pricing source is not able or willing to provide a price. When a security is valued in accordance with the Pricing and Valuation Procedures, the Committee determines the value after taking into consideration relevant information reasonably available to the Committee.


238


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
For securities that principally trade on a foreign market or exchange, a significant gap in time can exist between the time of a particular security’s last trade and the time at which a Fund calculates its net asset value. The closing prices of such securities may no longer reflect their market value at the time the Fund calculates net asset value if an event that could materially affect the value of those securities (a “Significant Event”) has occurred between the time of the security’s last close and the time that the Fund calculates net asset value. A Significant Event may relate to a single issuer or to an entire market sector. If the investment adviser or subadviser of a Fund becomes aware of a Significant Event that has occurred with respect to a security or group of securities after the closing of the exchange or market on which the security or securities principally trade, but before the time at which the Fund calculates net asset value, it will request that a Committee Meeting be called, and the securities may be valued using the Funds’ Pricing and Valuation Procedures.
 
The Trust has a three-tier fair value hierarchy that is dependent upon the various “inputs” used to determine the value of the Funds’ investments. These inputs are summarized in the three broad levels listed below:
 
  •   Level 1 — quoted prices in active markets for identical assets.
 
  •   Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
 
  •   Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments).
 
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term securities (i.e. securities that mature in 60 days or less) are valued using amortized cost, in accordance with rules under the 1940 Act. Generally, amortized cost approximates the current fair value of a security, but since the valuation is not obtained from a quoted price in an active market, such securities are reflected as Level 2.
 
When determining the fair value of the Funds’ investments, additional consideration is given to those assets or liabilities that have experienced a decrease in the volume or level of activity or when market prices do not reflect orderly transactions.
 
The following is a summary of the inputs used to value the Funds’ securities as of March 31, 2010 (amounts in thousands):
 
                                 
    LEVEL 1 - Quoted
  LEVEL 2 - Other Significant
  LEVEL 3 - Significant
   
Fund
  Prices($)   Observable Inputs($)   Unobservable Inputs($)   Total($)
 
Corporate Bond Fund
                               
Corporate Bonds1
          166,428             166,428  
Short-Term Investment
          14,698             14,698  
                                 
Total Investments
          181,126             181,126  
                                 
Georgia Tax-Exempt Bond Fund
                               
Municipal Bonds2
          215,745             215,745  
Money Market Funds
    2,843                   2,843  
                                 
Total Investments
    2,843       215,745             218,588  
                                 
High Grade Municipal Bond Fund
                               
Municipal Bonds2
          58,363             58,363  
Money Market Fund
    840                   840  
                                 
Total Investments
    840       58,363             59,203  
                                 


239


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
                                 
    LEVEL 1 - Quoted
  LEVEL 2 - Other Significant
  LEVEL 3 - Significant
   
Fund
  Prices($)   Observable Inputs($)   Unobservable Inputs($)   Total($)
 
High Income Fund
                               
Bank Loans1
          9,986             9,986  
Corporate Bonds1
          137,266             137,266  
Convertible Corporate Bond1
          1,288             1,288  
Preferred Stock1
    770                   770  
Units1
          530             530  
Short-Term Investment
          25,951             25,951  
Money Market Fund
    31,593                   31,593  
                                 
Total Investments
    32,363       175,021             207,384  
                                 
Intermediate Bond Fund
                               
Collateralized Mortgage Obligations
          20,570             20,570  
Corporate Bonds1
          678,754             678,754  
Convertible Corporate Bonds1
          315             315  
U.S. Government Agency Mortgages
          518             518  
U.S. Treasury Obligations
          835,924             835,924  
Preferred Stock1
    204                     204  
Units1
          217             217  
Short-Term Investment
          3,471             3,471  
Money Market Fund
    79,709                   79,709  
                                 
Total Investments
    79,913       1,539,769             1,619,682  
                                 
Other Financial Instruments3
          (881 )           (881 )
Investment Grade Bond Fund
                               
Collateralized Mortgage Obligations
          5,482             5,482  
Corporate Bonds1
          215,736             215,736  
Convertible Corporate Bonds1
          130             130  
U.S. Government Agency Mortgages
          182             182  
U.S. Treasury Obligations
          173,378             173,378  
Units1
          64               64  
Preferred Stock1
    57                     57  
Short-Term Investment
          584             584  
Money Market Fund
    16,288                   16,288  
                                 
Total Investments
    16,345       395,556             411,901  
                                 
Other Financial Instruments3
          (468 )           (468 )
Investment Grade Tax-Exempt Bond Fund
                               
Municipal Bonds2
          907,322             907,322  
Money Market Funds
    185,015                   185,015  
                                 
Total Investments
    185,015       907,322             1,092,337  
                                 

240


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
                                 
    LEVEL 1 - Quoted
  LEVEL 2 - Other Significant
  LEVEL 3 - Significant
   
Fund
  Prices($)   Observable Inputs($)   Unobservable Inputs($)   Total($)
 
Limited Duration Fund
                               
Asset-Backed Securities1
          4,969             4,969  
Collateralized Mortgage Obligations
          16,813             16,813  
Money Market Fund
    4,774                   4,774  
                                 
Total Investments
    4,774       21,782             26,556  
                                 
Limited-Term Federal Mortgage Securities Fund
                               
Asset-Backed Security1
          86             86  
Collateralized Mortgage Obligations
          4,687             4,687  
U.S. Government Agency Mortgages
          23,500             23,500  
U.S. Treasury Obligations
          3,164             3,164  
Money Market Fund
    6,346                   6,346  
                                 
Total Investments
    6,346       31,437             37,783  
                                 
Maryland Municipal Bond Fund
                               
Municipal Bonds2
          28,668             28,668  
Money Market Fund
    1,585                   1,585  
                                 
Total Investments
    1,585       28,668             30,253  
                                 
North Carolina Tax-Exempt Bond Fund
                               
Municipal Bonds2
          50,183             50,183  
Money Market Funds
    1,797                   1,797  
                                 
Total Investments
    1,797       50,183             51,980  
                                 
Seix Floating Rate High Income Fund
                               
Bank Loans1
          1,007,668             1,007,668  
Corporate Bonds1
          181,301             181,301  
Convertible Corporate Bonds1
          1,466             1,466  
Preferred Stock1
    347                   347  
Money Market Fund
    153,605                   153,605  
                                 
Total Investments
    153,952       1,190,435             1,344,387  
                                 
Other Financial Instruments3
          850             850  
Seix Global Strategy Fund
                               
U.S. Treasury Obligations
          702             702  
Money Market Fund
    9,006                   9,006  
                                 
Total Investments
    9,006       702             9,708  
                                 
Other Financial Instruments3
          (99 )           (99 )

241


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
                                 
    LEVEL 1 - Quoted
  LEVEL 2 - Other Significant
  LEVEL 3 - Significant
   
Fund
  Prices($)   Observable Inputs($)   Unobservable Inputs($)   Total($)
 
Seix High Yield Fund
                               
Bank Loans1
          14,220             14,220  
Corporate Bonds1
          1,646,259             1,646,259  
Convertible Corporate Bonds1
          10,753             10,753  
Preferred Stock1
    4,186                   4,186  
Units1
          4,521             4,521  
Short-Term Investment
          106,008             106,008  
Money Market Fund
    109,920                   109,920  
                                 
Total Investments
    114,106       1,781,761             1,895,867  
                                 
Short-Term Bond Fund
                               
Asset-Backed Securities1
          28,716             28,716  
Collateralized Mortgage Obligations
          74,944             74,944  
Corporate Bonds1
          219,455             219,455  
U.S. Government Agencies
          40,017             40,017  
U.S. Government Agency Mortgages
          53,390             53,390  
U.S. Treasury Obligations
          49,053             49,053  
Short-Term Investment
          1,158             1,158  
Money Market Funds
    33,362                   33,362  
                                 
Total Investments
    33,362       466,733             500,095  
                                 
Short-Term U.S. Treasury Securities Fund
                               
U.S. Treasury Obligations
          45,426             45,426  
Money Market Fund
    119                   119  
                                 
Total Investments
    119       45,426             45,545  
                                 
Total Return Bond Fund
                               
Asset-Backed Security1
          755             755  
Collateralized Mortgage Obligations
          66,188             66,188  
Corporate Bonds1
          237,521             237,521  
Convertible Corporate Bonds1
          180             180  
U.S. Government Agency Mortgages
          179,489             179,489  
U.S. Treasury Obligations
          231,951             231,951  
Preferred Stock1
    100                   100  
Units1
          109             109  
Short-Term Investment
          970             970  
Money Market Fund
    123,510                   123,510  
                                 
Total Investments
    123,610       717,163             840,773  
                                 
Other Financial Instruments3
          (382 )           (382 )

242


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
                                 
    LEVEL 1 - Quoted
  LEVEL 2 - Other Significant
  LEVEL 3 - Significant
   
Fund
  Prices($)   Observable Inputs($)   Unobservable Inputs($)   Total($)
 
Ultra-Short Bond Fund
                               
Asset-Backed Securities1
          6,263             6,263  
Certificate of Deposit1
          750             750  
Collateralized Mortgage Obligations
          20,725             20,725  
Corporate Bonds1
          28,464             28,464  
U.S. Government Agencies
          9,082             9,082  
U.S. Government Agency Mortgages
          24,035             24,035  
U.S. Treasury Obligations
          3,565             3,565  
Short-Term Investment
          149             149  
Money Market Funds
    5,571                   5,571  
                                 
Total Investments
    5,571       93,033             98,604  
                                 
U.S. Government Securities Fund
                               
U.S. Treasury Obligations
          71,662             71,662  
Money Market Fund
    6,536                   6,536  
                                 
Total Investments
    6,536       71,662             78,198  
                                 
U.S. Government Securities Ultra-Short Bond Fund
                               
Collateralized Mortgage Obligations
          401,917             401,917  
U.S. Government Agencies
          67,232             67,232  
U.S. Government Agency Mortgages
          796,836             796,836  
Money Market Funds
    152,296                   152,296  
                                 
Total Investments
    152,296       1,265,985             1,418,281  
                                 
Virginia Intermediate Municipal Bond Fund
                               
Municipal Bonds2
          197,045             197,045  
Money Market Fund
    5,702                   5,702  
                                 
Total Investments
    5,702       197,045             202,747  
                                 
Prime Quality Money Market Fund
                               
Certificates of Deposit1
          875,003             875,003  
Commercial Paper1
          2,239,678             2,239,678  
Corporate Bonds1
          232,493             232,493  
Municipal Bonds2
          604,962             604,962  
U.S. Government Agencies
          480,878             480,878  
Repurchase Agreements
          255,724             255,724  
Money Market Fund
    150,000                   150,000  
Time Deposits
          160,119             160,119  
                                 
Total Investments
    150,000       4,848,857             4,998,857  
                                 
Tax-Exempt Money Market Fund
                               
Municipal Bonds2
          1,726,621             1,726,621  
Money Market Funds
    5,523                   5,523  
                                 
Total Investments
    5,523       1,726,621             1,732,144  
                                 

243


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
                                 
    LEVEL 1 - Quoted
  LEVEL 2 - Other Significant
  LEVEL 3 - Significant
   
Fund
  Prices($)   Observable Inputs($)   Unobservable Inputs($)   Total($)
 
U.S. Government Securities Money Market Fund
                               
U.S. Government Agencies
          562,423             562,423  
U.S. Treasury Obligation
          5,996             5,996  
Repurchase Agreements
          346,817             346,817  
                                 
Total Investments
          915,236             915,236  
                                 
U.S. Treasury Money Market Fund
                               
U.S. Treasury Obligations
          663,581             663,581  
Repurchase Agreements
          478,933             478,933  
                                 
Total Investments
          1,142,514             1,142,514  
                                 
Virginia Tax-Free Money Market Fund
                               
Municipal Bonds2
          311,366             311,366  
Money Market Funds
    3,017                   3,017  
                                 
Total Investments
    3,017       311,366             314,383  
                                 
 
 
1
Please see the Schedules of Portfolio Investments for Sector Classification.
 
2
Please see the Schedules of Portfolio Investments for State Classification.
 
3
Other Financial Instruments are derivative instruments not reflected in the value of Total Investments in the Schedules of Portfolio Investments, such as credit default swap agreements, forward foreign currency contracts and futures.
 
For the fiscal year ended March 31, 2010, there were no Level 3 securities.
 
Recent Accounting Pronouncements — In January 2010, Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2010-06 to Accounting Standards Codification (“ASC”) Topic 820-10, “Fair Value Measurements and Disclosures — Overall”. The amendment requires the disclosure of input and valuation techniques used to measure fair value for both recurring and nonrecurring fair value measurements for Level 2 and Level 3 positions. In addition, transfers between all levels must be disclosed on a gross basis including the reason(s) for the transfer(s). Purchases, sales, issuances, and settlements in the Level 3 rollforward must be disclosed on a gross basis. The amendment is effective for interim and annual reporting periods beginning after December 15, 2009, while disclosures about purchases, sales, issuances, and settlements in the Level 3 rollforward of activity is effective for interim and fiscal periods beginning after December 15, 2010.
 
Security Transactions and Investment Income — During the period, security transactions are accounted for no later than one business day following the trade date. For financial reporting purposes, however, security transactions are accounted for on trade date on the last business day of the reporting period. Interest income is recognized on an accrual basis and includes amortization or accretion of premium or discount. Costs used in determining net realized gains and losses on the sales of investment securities are those of the specific securities sold, adjusted for the accretion or amortization of purchase discount or premium during the respective holding period. Dividend income is recorded on the ex-dividend date.
 
Derivative and Hedging Instruments — The Funds have enhanced disclosures about the Funds’ derivative and hedging activities, addressing how such activities are accounted for and their effect on the Funds’ financial position, performance, and cash flow. The fair value of derivative instruments, not accounted for as hedging

244


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
instruments, on the Statement of Assets and Liabilities as of March 31, 2010, is presented in the table below (amounts in thousands):
 
                         
    Statements of Assets and
      Asset Derivatives
  Liability Derivatives
Primary Risk Exposure   Liabilities Location   Fund   Total Fair Value($)*   Total Fair Value($)*
 
Credit Default Swap
  Appreciated Credit Default   Intermediate Bond Fund     3,377       6,505  
Agreements —
  Swap Agreements,   Investment Grade                
Interest Rate Exposure:
  Depreciated Credit Default  
Bond Fund
    899       1,971  
    Swap Agreements   Seix Floating Rate                
       
High Income Fund
    850        
        Seix Global Strategy Fund     214       399  
        Total Return Bond Fund     1,555       2,972  
                         
Forward Foreign Currency
  Unrealized Appreciation   Intermediate Bond Fund     2,258       11  
Contracts —
  on Forward Foreign Currency   Investment Grade                
Currency Exchange
  Contracts, Unrealized  
Bond Fund
    607       3  
Rate Exposure:
  Depreciation on Forward   Seix Global                
    Foreign Currency Contracts  
Strategy Fund
    93       7  
        Total Return Bond Fund     1,039       4  
 
 
* Total Fair Value is presented by Primary Risk Exposure. For foreign currency contracts, such amounts represent the unrealized gain/appreciation (for asset derivatives) or loss/depreciation for liability derivatives. For futures contracts the amounts represent cash held at broker for settlement, plus any cumulative unrealized appreciation/depreciation on futures contracts.
 
Amounts designated as “–” are $0 or have been rounded to $0.
 
The effect of derivative instruments, not accounted for as hedging instruments, on the Statement of Operations for the year ended March 31, 2010, is presented in the table below (amounts in thousands):
 
                         
                Statement of Operations
            Statement of Operations
  Change in Unrealized
    Location of Gain (Loss) on
      Net Realized Gain (Loss) on
  Appreciation/Depreciation on
    Derivatives Recognized in
      Derivatives
  Derivatives Recognized in
Primary Risk Exposure   Income   Fund   Recognized in Income($)   Income($)
 
Credit Default Swap
  Net Realized Gain (Loss)   High Income Fund     (85 )     141  
Agreements —
  on Credit Default Swap   Intermediate Bond Fund     (24,760 )     1,849  
Issuer Credit Exposure:
  Agreements, Net Change in   Investment Grade                
    Unrealized Appreciation/  
Bond Fund
    (8,812 )     541  
    Depreciation on Credit   Seix Floating Rate                
    Default Swap Agreements  
High Income Fund
    2,751       14  
        Seix Global                
       
Strategy Fund
    (429 )     81  
        Seix High Yield Fund     2,400       362  
        Short-Term Bond Fund     30       141  
        Total Return Bond Fund     (12,653 )     919  
                         
Interest Rate Swap
  Net Realized Gain (Loss)   Intermediate Bond Fund     986       (3 )
Agreements —
  on Interest Rate Swap   Investment Grade                
Interest Rate Exposure:
  Agreements, Net Change in  
Bond Fund
    388       (1 )
    Unrealized Appreciation/   Seix Global Strategy                
    Depreciation on Interest  
Fund
    284       (3 )
    Rate Swap Agreements   Total Return Bond Fund     547       (2 )
                         
Forward Foreign Currency
  Net Realized Gain (Loss)   Intermediate Bond Fund     958       1,768  
Contracts —
  on Forward Foreign   Investment Grade                
Currency Exchange Rate
  Currency Contracts, Change  
Bond Fund
    122       401  
Exposure:
  in Unrealized Appreciation/   Seix Global Strategy                
    Depreciation on Forward  
Fund
    305       39  
    Foreign Currency Contracts   Total Return Bond Fund     184       757  
                         
Futures Contracts —
  Net Realized Gain (Loss)   Short-Term Bond Fund     29       611  
Interest Rate Exposure:
  on Futures Contracts,   U.S. Government                
    Change in Unrealized  
Securities Ultra-Short
               
    Appreciation/Depreciation  
Bond Fund
    (490 )      
    on Futures Contracts                    
 
Swap Agreements — Certain of the Funds may enter into swap agreements, which are two-party contracts entered into primarily by institutional investors for periods ranging from a day to more than one year. In a standard “swap” transaction, two parties agree to exchange the returns (or differentials in rates of return) earned or realized on particular predetermined investments or instruments. The gross returns to be exchanged or “swapped” between the parties are calculated based on a “notional amount,” i.e., the return on or increase in


245


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
value of a particular dollar amount invested in a “basket” of securities representing a particular index. The primary risks associated with the use of swap agreements are an imperfect correlation between movements in the notional amount and the price of the underlying instruments and the inability of counterparties to fulfill their obligations under the agreement. A Fund bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a counterparty to a swap agreement.
 
Swap agreements typically are settled on a net basis, which means that the two payment streams are netted, with the Fund receiving or paying, as the case may be, only the net amount of the two payments. Payments may be made at the conclusion of a swap agreement, at the time a Fund enters into a swap agreement or periodically during its term. Up-front receipts and payments are recorded as deferred income (liability) or expense (asset), as the case may be, and are included in Swap Agreements, at value on the statement of assets and liabilities. These upfront receipts and payments are amortized to income or expense over the life of the swap contract. Until a swap agreement is settled in cash, the gain or loss on the notional amount plus income on the instruments, less the interest paid by the Fund on the notional amount, is recorded as “unrealized appreciation or depreciation on swap agreements” and, when cash is exchanged, the gain or loss realized is recorded as “realized gains or losses on swap agreements”. A Fund’s current obligations under swap agreements (offset against any amounts owed to the Fund) will be accrued daily and any accrued but unpaid net amounts owed to a swap counterparty will be covered by segregating cash or other assets deemed to be liquid with the Fund’s custodian. Swap agreements do not involve the delivery of securities or other underlying assets. Accordingly, the risk of loss with respect to swap agreements is limited to the net amount of payments that a Fund is contractually obligated to make. If the other party to a swap agreement defaults, the Fund’s risk of loss consists of the net amount of payments that such Fund is contractually entitled to receive, if any.
 
The Fund is subject to credit risk in the normal course of pursuing its investment objectives. The Fund may enter into credit default swaps to manage its exposure to the market or certain sectors of the market, to reduce its risk exposure to defaults of corporate and sovereign issuers, or to create exposure to corporate or sovereign issuers to which it is not otherwise exposed. Credit default swap (“CDS”) agreements are a specific kind of counterparty agreement designed to transfer third-party credit risk between parties. One party in the CDS is a lender and faces credit risk from a third party, while the counterparty in the CDS agrees to insure this risk in exchange for regular periodic payments (essentially an insurance premium).
 
If a credit event (e.g., bankruptcy, default) occurs, as defined by the swap agreement, the party providing insurance will have to purchase the referenced obligation of the third party from the insured party. If the Fund is providing insurance, the maximum potential liability to which a Fund is subject is the notional amount of the swap agreement, which is not reflected in the Statements of Assets and Liabilities. The potential liability amount may be reduced by anticipated recovery rates of the referenced obligation of the third party, upfront premiums received and net amounts received if the Fund has also purchased a credit default swap where the referenced obligation of the third party is identical. The credit default swaps are presented with the Funds’ Schedules of Portfolio Investments.
 
The Fund is subject to interest rate risk exposure in the normal course of pursuing its investment objectives. Because certain Funds hold fixed rate bonds, the value of these bonds may decrease if interest rates rise. To help hedge against this risk and to maintain the Fund’s ability to generate income at prevailing market rates, the Fund may enter into interest rate swap contracts. Interest rate swaps involve the exchange of commitments to pay and receive interest based on a notional principal amount. The risks of interest rate swaps include changes in market conditions which will affect the value of the contract or the cash flows and the possible inability of the counterparty to fulfill its obligations under the agreement. The Fund’s maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from/paid to the counterparty over the contract’s remaining life, to the extent that that amount is positive. Net periodic interest payments to be received or paid are accrued daily and are recorded as realized gains or losses on the Statements of Operations.
 
Futures Contracts — Each Fund (except the Money Market Funds) is subject to equity price risk and interest rate risk in the normal course of pursuing its investment objectives. Certain of the Funds are subject to foreign currency exchange rate risk. Certain of the Funds may use futures contracts to gain exposure to, or hedge against changes in the value of equities, interest rates or foreign currencies caused by changes in prevailing market interest rates. With futures, there is minimal counterparty credit risk to the Fund since futures are


246


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
exchanged traded and the exchange’s clearinghouse, as counterparty to all exchange traded futures, guarantees the futures against default. Upon entering into a futures contract, a Fund is required to pledge to the broker an amount of cash and/or other assets equal to a certain percentage of the contract amount (initial margin deposit). Subsequent payments, known as “variation margin,” are made periodically, depending on the daily fluctuations in the fair value of the underlying security. A gain or loss equal to the variation margin is recognized at the time the futures contract is extinguished. As of March 31, 2010, no Fund had open futures contracts.
 
Should market conditions move unexpectedly, a Fund may not achieve the anticipated benefits of the futures contracts and may realize a loss. The use of futures transactions involves the risk of imperfect correlation in movements in the price of futures contracts, interest rates and the underlying hedged assets.
 
Forward Foreign Currency Contracts — Certain of the Funds may enter into forward foreign currency contracts as hedges against either specific transactions, fund positions or anticipated fund positions. All commitments are “marked-to-market” daily at the applicable foreign exchange rate and any resulting unrealized gains or losses are recorded currently. The Funds realize gains and losses at the time forward contracts are extinguished. Unrealized gains or losses on outstanding positions in forward foreign currency contracts held at the close of the fiscal year are recognized as ordinary income or loss for Federal income tax purposes. The Funds could be exposed to risk if a counterparty is unable to meet the terms of a forward foreign currency contract or if the value of the foreign currency changes unfavorably. Forward foreign currency contracts are presented within the Funds’ Schedule of Portfolio of Investments.
 
Foreign Currency Translation — The books and records of the Funds are maintained in U.S. dollars. Foreign currency amounts are translated into U.S. dollars on the following basis: (i) market value of investment securities, other assets and liabilities at the current rate of exchange; and (ii) purchases and sales of investment securities, income and expenses at the relevant rates of exchange prevailing on the respective dates of such transactions. The Funds do not isolate the portion of operations resulting from changes in foreign exchange rates on investments from fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized and unrealized gain or loss from investments and foreign currency contracts.
 
Securities Lending — Each Fund (except the Money Market Funds) may lend portfolio securities to brokers, dealers and other financial organizations that meet capital and other credit requirements or other criteria established by the Trust’s Board. These loans may not exceed either (i) 50% of the sum of the market value of all securities of the Fund and the market value of securities purchased with cash collateral or (ii) 33.33% of the total market value of all securities of the Fund. No Fund will lend portfolio securities to its investment adviser, subadviser, or its affiliates unless it has applied for and received specific authority to do so from the Securities and Exchange Commission. Loans of portfolio securities are required to be fully collateralized by cash, letters of credit or U.S. government securities. The initial value of the collateral must be at least 102% of the market value of the securities loaned, if the securities loaned are U.S. securities (105% for non-U.S. securities); and maintained in an amount equal to at least 100% (103% for non-U.S. securities) thereafter. However, due to market fluctuations during the day, the value of securities loaned on a particular day may exceed the value of collateral. On each business day, the amount of collateral is adjusted based on the prior day’s market fluctuations and the current day’s lending activity. Income from lending activity is determined by the amount of interest earned on collateral, less any amounts payable to the borrowers of the securities and the lending agent. Lending securities involves certain risks, including the risk that the Fund may be delayed or prevented from recovering the collateral if the borrower fails to return the securities. A fee will be obtained from the borrower if letters of credit or U.S. government securities are used as collateral.
 
Cash collateral received in connection with securities lending is invested in a joint account (RidgeWorth Funds Securities Lending Joint Account) managed by RidgeWorth Capital Management, Inc. The joint account invests in short-term investments that have a remaining maturity of 397 days or less as calculated in accordance with Rule 2a-7 under the 1940 Act.


247


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
At March 31, 2010, the cash collateral received by the Funds was pooled and invested in the following securities (RidgeWorth Funds Securities Lending Joint Account). Each of the Funds participating in securities lending at that date owned a pro-rata portion of the assets and liabilities listed below (in thousands, except Shares):
 
                 
    Shares or Principal
   
    Amount($)   Value($)
 
Barclays Bank Time Deposit, 0.080%, 04/01/10(a)(b)
    13,001       13,001  
BNP Paribas Time Deposit, 0.100%, 04/01/10(a)(b)
    12,981       12,981  
Calyon Time Deposit, 0.100%, 04/01/10(a)(b)
    12,178       12,178  
Societe Generale Time Deposit, 0.010%, 04/01/10(a)(b)
    12,529       12,529  
Bank of America Repurchase Agreement, 0.010%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $25,000 (collateralized by U.S. Government Agency; 6.940%, due 07/17/15; total market value $25,510)
    25,000       25,000  
Wells Fargo Repurchase Agreement, 0.030%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $50,000 (collateralized by U.S. Government Agency; 5.375%, due 09/09/16; total market value $53,258)
    50,000       50,000  
Goldman Sachs Financial Square Funds — Government Fund
    65,000,000       65,000  
JPMorgan U.S. Government Money Market Fund
    66,030,622       66,031  
RidgeWorth Institutional U.S. Government Securities Money Market Fund(c)
    40,000,000       40,000  
                 
Total Investments (Cost $296,720)
            296,720  
Amount due to Lending Agent
            (24 )
                 
Net Investment Value
          $ 296,696  
                 
 
 
  (a)  Variable or floating rate security. Rate disclosed is as of March 31,2010.
 
  (b)  The date shown reflects the next interest rate reset date.
 
  (c)  Affiliated investment.
 
The Funds paid securities lending fees to the lending agent during the year ended March 31, 2010, which have been netted against Income from Securities Lending on the Statement of Operations. These fees are presented below (in thousands):
 
         
Fund
  Fee($)
 
Corporate Bond Fund
    3  
High Income Fund
    15  
Intermediate Bond Fund
    67  
Investment Grade Bond Fund
    18  
Seix High Yield Fund
    64  
Short-Term Bond Fund
    8  
Short-Term U.S. Treasury Securities Fund
    6  
Total Return Bond Fund
    11  
Ultra-Short Bond Fund
     
U.S. Government Securities Fund
    22  
 
Amounts listed as “—” round to less than $1,000.
 
Repurchase Agreements — The Funds may purchase instruments from financial institutions, such as banks and broker-dealers, subject to the seller’s agreement to repurchase them at an agreed upon date and price (“repurchase agreement”). A third party custodian bank takes possession of the underlying securities (“collateral”) of a repurchase agreement, the value of which exceeds the principal amount of the repurchase transaction, including accrued interest. In the event of default on the obligation to repurchase, each Fund has the right to liquidate the collateral and apply the proceeds in satisfaction of the obligation. In the event of default or bankruptcy by the counterparty to the repurchase agreement, realization and/or retention of the collateral or proceeds may be subject to legal proceedings.


248


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
Securities Purchased on a When-Issued Basis — Delivery and payment for securities that have been purchased by a Fund on a forward commitment or when-issued basis can take place up to a month or more after the transaction date. During this period, such securities are subject to market fluctuations. The purchase of securities on a when-issued or forward commitment basis may increase the volatility of a Fund’s net asset value if the Fund makes such investments while remaining substantially fully invested. A Fund records when-issued securities on trade date and will segregate or earmark liquid assets in an amount at least equal in value to its commitments to purchase when-issued and forward commitment securities. When issued securities and the segregated liquid assets associated with such investments are presented within the Funds’ Schedules of Portfolio Investments.
 
TBA Purchase Commitments — The Funds may enter into “TBA” (To Be Announced) purchase commitments to purchase securities for a fixed price at a future date beyond customary settlement time. TBA purchase commitments may be considered securities in themselves, and involve a risk of loss if the value of the security to be purchased declines prior to settlement date. Unsettled TBA purchase commitments are valued at the current market value of the underlying securities, generally according to the procedures described under “Security Valuation.” TBA purchase commitments are presented within the Funds’ Schedules of Portfolio Investments.
 
Mortgage Dollar Rolls — The Funds may enter into mortgage dollar rolls (principally using TBAs) in which a Fund sells mortgage securities for delivery in the current month and simultaneously contracts to repurchase substantially similar securities at an agreed-upon price on a fixed future date. The Funds account for such dollar rolls under the purchases and sales method and receive compensation as consideration for entering into the commitment to repurchase. The Funds must maintain liquid securities having a value not less than the repurchase price (including accrued interest) for such dollar rolls. The market value of the securities that the Funds are required to purchase may decline below the agreed upon repurchase price of those securities.
 
The counterparty receives all principal and interest payments, including pre-payments, made in respect of a security subject to such a contract while it is with the holder. Mortgage dollar rolls may be renewed with a new purchase and repurchase price and a cash settlement made on settlement date without physical delivery of the securities subject to the contract. The Funds engage in dollar rolls for the purpose of enhancing yield, principally by earning a negotiated fee. As of March 31, 2010, there were no open mortgage dollar rolls.
 
Bank Loans — Certain of the Funds may invest in first and second lien senior floating rate loans (“bank loans”). These loans are made by banks and other large financial institutions to various companies and are senior in the borrowing companies’ capital structure. Coupon rates are floating, not fixed and are tied to a benchmark lending rate. A Fund records an investment when the borrower withdraws money and records the interest as earned. Some types of senior loans in which these Funds may invest require that an open loan for a specific amount be continually offered to a borrower. These types of senior loans, commonly referred to as revolvers, contractually obligate the lender (and therefore those with an interest in the loan) to fund the loan at the borrower’s discretion. Therefore, a Fund must have funds sufficient to cover its contractual obligation. A Fund will maintain, on a daily basis, high quality, liquid assets in an amount at least equal in value to its contractual obligation to fulfill the revolving senior loan. These unfunded loan commitments, which are marked-to-market daily, are presented with the Schedule of Portfolio Investments. At March 31, 2010, only the Seix Floating Rate High Income Fund and the Seix High Yield Fund had unfunded loan commitments.
 
Compensating Balances — Prior to October 1, 2009, if a Fund had a cash overdraft in excess of $100,000 it was required to deposit an amount equal to 110% of the overdraft in a compensating balance account with its custodian, SunTrust Bank, a wholly owned subsidiary of SunTrust, on the following business day. If a Fund had a positive cash balance in excess of $100,000 it was allowed to overdraw an amount equal to 90% of the balance from SunTrust Bank on the following business day. All such deposits to, and overdrafts from, the compensating balance account were non-interest bearing and were for a duration of one business day. Effective October 1, 2009, the compensating balance arrangement was terminated. The Corporate Bond and Seix Global Strategy Funds have never had a compensating balance arrangement with their custodian, Brown Brothers Harriman & Co.


249


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
Restricted Securities — Certain of the Funds’ investments are restricted from resale. As of March 31, 2010, all of these restricted securities have been deemed liquid by the Funds’ investment adviser based upon procedures approved by the Board, unless stated otherwise in the Funds’ Schedule of Portfolio of Investments.
 
Expenses — Expenses that are directly related to a specific Fund are charged to that Fund. Class specific expenses, such as distribution fees, if any, are borne by that class. Other operating expenses of the Trust are prorated to the Funds on the basis of relative net assets or another appropriate basis.
 
Classes — Income, non-class specific expenses and realized/unrealized gains and losses are allocated to the respective classes within a Fund on the basis of the relative daily net assets.
 
Dividends and Distributions to Shareholders — Dividends and distributions to shareholders are recorded on the ex-dividend date. Dividends from net investment income are declared daily and paid monthly. Any net realized capital gains on sales of securities are distributed to shareholders at least annually. However, to the extent that net realized capital gains can be offset by capital loss carryovers, such gains will not be distributed.
 
Federal Income Taxes — It is the policy of each Fund to continue to qualify as a regulated investment company by complying with the provisions available to certain investment companies, as defined in applicable sections of the Internal Revenue Code, and to make distributions from net investment income and from net realized gains sufficient to relieve it from all, or substantially all, federal income taxes. Withholding taxes on foreign dividends have been paid or provided for in accordance with each applicable country’s tax rules and rates.
 
Uncertain tax positions must be recognized, measured, presented and disclosed in the financial statements. An affirmative evaluation of tax positions taken or expected to be taken in the course of preparing the Funds’ tax returns has occurred to determine whether it is more likely than not (i.e., greater than 50-percent) that each tax position will be sustained upon examination by a taxing authority based on the technical merits of the position. A tax position that meets the more likely than not recognition threshold is measured to determine the amount of benefit to recognize in the financial statements. Differences between tax positions taken in a tax return and amounts recognized in the financial statements will generally result in an increase in a liability for taxes payable (or a reduction of a tax refund receivable), including the recognition of any related interest and penalties as an operating expense. The determination has been made that there are no uncertain tax positions that would require the Funds to record a tax liability and, therefore, there is no impact to the Funds’ financial statements.
 
Management of the Funds has analyzed all open tax years, as defined by the statute of limitations, for all major jurisdictions. Open tax years are those that are open for examination by taxing authorities. Major jurisdictions for the Funds include United States and certain states, as applicable, as well as certain foreign countries. As of March 31, 2010, open tax years include the tax years of March 31, 2007 through 2010. The Funds have no examinations in progress and none are expected at this time.
 
The amounts of dividends from net investment income and of distributions from net realized gains are determined in accordance with federal income tax regulations, which may differ from GAAP. These “book/tax” differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature (i.e., foreign currency transactions and return of capital on securities), such amounts are reclassified within the composition of net assets based on their federal tax-basis treatment; temporary differences do not require reclassification.
 
3.  Agreements and Other Transactions with Affiliates
 
Investment Advisory Agreement — The Trust and RidgeWorth Capital Management, Inc. (the “Investment Adviser”), a wholly-owned subsidiary of SunTrust, have entered into an investment advisory agreement. The subadvisers for the Funds (each a “Subadviser”) are as follows: Seix Investment Advisors LLC (“Seix”) serves as the Subadviser for the Corporate Bond Fund, High Income Fund, Intermediate Bond Fund, Investment Grade Bond Fund, Limited Duration Fund, Limited-Term Federal Mortgage Securities Fund, Seix Floating Rate High Income Fund, Seix Global Strategy Fund, Seix High Yield Fund, Total Return Bond Fund and U.S. Government Securities Fund. StableRiver Capital Management LLC (“StableRiver”) serves as the Subadviser for the Georgia Tax-Exempt Bond Fund, High Grade Municipal Bond Fund, Investment Grade Tax-Exempt Bond Fund, Maryland Municipal Bond Fund, North Carolina Tax-Exempt Bond Fund, Short-Term Bond Fund, Short-Term U.S. Treasury


250


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
Securities Bond Fund, U.S. Government Securities Ultra-Short Bond Fund, Ultra-Short Bond Fund, Virginia Intermediate Municipal Bond Fund, Prime Quality Money Market Fund, Tax-Exempt Money Market Fund, U.S. Government Securities Money Market Fund, U.S. Treasury Money Market Fund and Virginia Tax-Free Money Market Fund. Seix and StableRiver are each wholly-owned subsidiaries of the Investment Adviser.
 
Under the terms of the agreement, the Funds are charged annual advisory fees, which are computed daily and paid monthly based upon average daily net assets. Breakpoints are used in computing the overall annual advisory fee. The maximum annual advisory fee is charged on average daily net assets of each Fund (other than the Money Market Funds) up to $500 million. A discount of 5% applies on the next $500 million, and a discount of 10% applies on amounts over $1 billion. For the Money Market Funds, the maximum annual advisory fee is charged on average daily assets of each Money Market Fund up to $1 billion, a discount of 5% applies on the next $1.5 billion, a discount of 10% applies on amounts over $2.5 billion and a discount of 20% applies on amounts over $5 billion. Fee rates for the year ended March 31, 2010, were as follows:
 
                                 
    Maximum
  Discounted
  Advisory Fees
  Net
    Annual
  Annual
  Waived/Expenses
  Annual
Fund
  Advisory Fee(%)*   Advisory Fee(%)*   Reimbursed(%)*   Fees Paid(%)*
 
Corporate Bond Fund
    0.40       0.40             0.40  
Georgia Tax-Exempt Bond Fund
    0.55       0.55             0.55  
High Grade Municipal Bond Fund
    0.55       0.55       (0.02 )     0.53  
High Income Fund
    0.60       0.60       (0.02 )     0.58  
Intermediate Bond Fund
    0.25       0.24             0.24  
Investment Grade Bond Fund
    0.50       0.50             0.50  
Investment Grade Tax-Exempt Bond Fund
    0.50       0.49             0.49  
Limited Duration Fund
    0.10       0.10             0.10  
Limited-Term Federal Mortgage Securities Fund
    0.50       0.50       (0.04 )     0.46  
Maryland Municipal Bond Fund
    0.55       0.55             0.55  
North Carolina Tax-Exempt Bond Fund
    0.55       0.55             0.55  
Seix Floating Rate High Income Fund
    0.45       0.44             0.44  
Seix Global Strategy Fund
    0.60       0.60       (0.18 )     0.42  
Seix High Yield Fund
    0.45       0.43             0.43  
Short-Term Bond Fund
    0.40       0.40             0.40  
Short-Term U.S. Treasury Securities Fund
    0.40       0.40       (0.04 )     0.36  
Total Return Bond Fund
    0.25       0.25             0.25  
Ultra-Short Bond Fund
    0.22       0.22       (0.03 )     0.19  
U.S. Government Securities Fund
    0.50       0.50             0.50  
U.S. Government Securities Ultra-Short Bond Fund
    0.20       0.20             0.20  
Virginia Intermediate Municipal Bond Fund
    0.55       0.55             0.55  
Prime Quality Money Market Fund
    0.55       0.50       (0.28 )     0.22  
Tax-Exempt Money Market Fund
    0.45       0.44       (0.23 )     0.21  
U.S. Government Securities Money Market Fund
    0.55       0.55       (0.38 )     0.17  
U.S. Treasury Money Market Fund
    0.55       0.55       (0.45 )     0.10  
Virginia Tax-Free Money Market Fund
    0.40       0.40       (0.20 )     0.20  
 
 
  Aggregate annual fees paid to the Investment Adviser, who pays the applicable Subadviser a portion of the fees for its services to the Funds.
 
Amounts designated as “—” are 0% or have been rounded to 0%.
 
The Investment Adviser and the applicable Subadviser have contractually agreed, until at least August 1, 2010, to waive fees and/or reimburse the Seix Global Strategy Fund to the extent necessary to maintain the Fund’s Total Annual Operating Expenses (excluding taxes, brokerage commissions, substitute dividend expenses on securities


251


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
sold short, extraordinary expenses and indirect expenses attributable to the Fund’s investment in other funds), expressed as a percentage of average daily net assets, as noted below:
 
                 
        Total Annual
        Operating
Fund
      Expenses(%)
 
Seix Global Strategy Fund
    I Shares       0.83  
 
Under the Expense Limitation Agreement, the Investment Adviser may recoup the difference between the Total Annual Operating Expenses identified above and the actual total expenses to recapture any of its prior contractual waivers or reimbursements at a date not to exceed three years from the date of the corresponding Expense Limitation Agreement. Such repayments shall be made monthly, but only to the extent that such repayments would not cause the annualized total expense ratio to exceed the Total Annual Operating Expenses in place at that time. During the year ended March 31, 2010, the Investment Adviser did not recapture any of its prior contractual waivers or reimbursements. The Investment Adviser does not intend to recapture such amounts. As of March 31, 2010, the cumulative potential recoupment based on contractual reimbursements within three years from the date of the corresponding Expense Limitation Agreement after reduced by amounts forfeited during the current fiscal year are as follows (in thousands):
 
         
    Expires
Fund
  2013($)
 
Seix Global Strategy Fund
    1  
 
The Investment Adviser and/or other service providers may from time to time voluntarily agree to waive all or a portion of their fees from the Prime Quality Money Market Fund, Tax-Exempt Money Market Fund, U.S. Government Securities Money Market Fund, U.S. Treasury Money Market Fund and Virginia Tax-Free Money Market Fund or, in some cases, reimburse the Money Market Funds. Any such waiver or reimbursement may be discontinued or modified at any time. The amount of any waived and/or reimbursed fees is subject to recoupment by the Investment Adviser and/or other service providers from the Money Market Funds within the same calendar year in which the fees were waived and/or reimbursed and the three subsequent calendar years, provided that no amount may be recouped that would cause a Money Market Fund’s total expense ratio to materially diverge from that listed in the prospectus or to exceed any stated contractual expense cap. A Money Market Fund’s total return and yield would be lower in the absence of any such waiver. Recoupment amounts will be made only upon certain conditions agreed upon by the Funds’ Board. As of March 31, 2010, the cumulative potential recoupment amounts based on reimbursements within three subsequent calendar years from such voluntary waivers are as follows (in thousands):
 
                 
    Expires
Fund
  2012($)   2013($)
 
Prime Quality Money Market Fund
    97       18,324  
Tax Exempt Money Market Fund
    260       4,283  
U.S. Government Money Market Fund
    180       4,201  
U.S. Treasury Money Market Fund
    2,702       5,571  
Virginia Tax-Free Money Market Fund
    32       838  
 
During the year ended March 31, 2010, the Investment Adviser also voluntarily waived fees in certain other Funds in order to maintain a more competitive expense ratio for shareholders. These voluntary waivers are not available to be recouped by the Investment Adviser in subsequent years, with the exception of the Money Market Funds.
 
During the year ended March 31, 2009, with the approval of the Board, the following actions were taken to protect investors in the Prime Quality Money Market Fund (the “Fund”) from possible losses associated with a defaulted investment security (“Security”) of the Fund. On September 19, 2008, SunTrust issued a Promissory Note in the amount of $70 million for the benefit of the Fund in exchange for the Security. Under the terms of the Promissory Note, the Fund received quarterly interest payments and was to have received the entire principal amount on September 30, 2009, the maturity date of the Promissory Note, but it was paid in full on April 24, 2009. The Fund received $70 million in principal plus unpaid accrued interest upon payment. Interest


252


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
payments from the Promissory Note are included in “Interest Income from Affiliated Investments” on the accompanying Statement of Operations.
 
Administration, Fund Accounting and Transfer Agency Agreement — The Trust has entered into a Master Services Agreement with Citi Fund Services Ohio, Inc. (the “Administrator”), under which the Administrator provides administrative, fund accounting, transfer agent and shareholder services for an annual fee, calculated and paid monthly, (expressed as a percentage of the combined average daily net assets of the Trust) of: 0.0275% up to $25 billion, 0.0225% on the next $5 billion and 0.0175% for over $30 billion plus an additional class fee of $2,977 per class annually, applicable to each additional class of shares over 145 classes of shares.
 
The Master Services Agreement provides for the Administrator to pay certain insurance premiums for the Trust, including $300,000 toward the premium for Directors and Officers Liability/Errors and Omissions insurance coverage, and $25,000 towards the premium for Fidelity Bond coverage. The Administrator also separately agreed to provide, for the benefit of shareholders, annual fee waivers and certain administrative services at an annual value of $950,000 (and additional fee waivers of $166,670 of its annual administrative fees through June 30, 2009). Such payments and fee waivers will not be recouped by the Administrator in subsequent years.
 
Distribution Agreement — The Trust and RidgeWorth Distributors LLC (the “Distributor”) are parties to a Distribution Agreement. The Distributor receives $3,500 per Fund per annum, and is subject to a minimum annual fee of $172,000 for its services.
 
In addition, with respect to the A Shares, C Shares and R Shares, the Distributor receives amounts, pursuant to a Distribution and Services Plan, based upon average daily net assets of each respective class, which are computed daily and paid monthly. Certain fees under this plan were voluntarily waived during the year ended March 31, 2010. Recoupment of such voluntarily waived fees will be made only upon certain conditions agreed upon by the Funds’ Board. These fees, expressed as a percentage of average daily net assets, for the year ended March 31, 2010, were as follows:
 
                         
    Board Approved and
  Board Approved and
  Board Approved and
    Charged A Share
  Charged C Share
  Charged R Share
    Distribution and
  Distribution and
  Distribution and
Fund
  Service Fee(%)   Service Fee(%)   Service Fee(%)
 
Corporate Bond Fund
    0.30       1.00       N/A  
Georgia Tax-Exempt Bond Fund*
    0.15       N/A       N/A  
High Grade Municipal Bond Fund*
    0.15       N/A       N/A  
High Income Fund**
    0.30       N/A       0.50  
Intermediate Bond Fund
    0.25       N/A       0.50  
Investment Grade Bond Fund**
    0.30       N/A       0.50  
Investment Grade Tax-Exempt Bond Fund*
    0.30       N/A       N/A  
Limited-Term Federal Mortgage Securities Fund
    0.20       1.00       N/A  
Maryland Municipal Bond Fund*
    0.15       N/A       N/A  
North Carolina Tax-Exempt Bond Fund*
    0.15       N/A       N/A  
Seix Floating Rate High Income Fund
    0.30       1.00       N/A  
Seix Global Strategy Fund*
    0.30       N/A       N/A  
Seix High Yield Fund**
    0.25       N/A       0.50  
Short-Term Bond Fund
    0.20       1.00       N/A  
Short-Term U.S. Treasury Securities Fund
    0.18       1.00       N/A  
Total Return Bond Fund
    0.25       N/A       0.50  
U.S. Government Securities Fund
    0.30       1.00       N/A  
Virginia Intermediate Municipal Bond Fund*
    0.15       N/A       N/A  
Prime Quality Money Market Fund
    0.15       0.25       N/A  
Tax-Exempt Money Market Fund
    0.15       N/A       N/A  
U.S. Government Securities Money Market Fund
    0.15       N/A       N/A  
U.S. Treasury Money Market Fund
    0.15       N/A       N/A  
Virginia Tax-Free Money Market Fund
    0.15       N/A       N/A  
 
 
  *   Prior to the conversion of C Shares to A Shares on July 31, 2009, the C Share Distribution and Service Fee was 1.00% of average daily net assets.
 
  **  Prior to the conversion of C Shares to R Shares on July 31, 2009, the C Share Distribution and Service Fee was 1.00% of average daily net assets.


253


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
 
Shareholder Servicing Plans — The High Income Fund, Intermediate Bond Fund, Investment Grade Bond Fund, Seix High Yield Fund, and Total Return Bond Fund have adopted a Shareholder Servicing Plan for the R Shares. The Fund pays specified benefit plans or other financial service firms for shareholder support services they provide, at a rate of up to 0.25% of the average daily net assets of R Shares. In addition, the Corporate Bond Fund, Intermediate Bond Fund, Investment Grade Bond Fund, Investment Grade Tax-Exempt Bond Fund, Limited Duration Fund, Limited-Term Federal Mortgage Securities Bond Fund, Seix Floating Rate High Income Fund, Seix High Yield Fund, Short-Term Bond Fund, Short-Term U.S. Treasury Securities Fund, Total Return Bond Fund, Ultra-Short Bond Fund, U.S. Government Securities Fund and U.S. Government Securities Ultra-Short Bond Fund have adopted a Shareholder Servicing Plan for the I Shares and A Shares of such Funds. Each of these Funds (or class thereof, as the case may be) may pay to financial institutions that provide certain services to the Funds, a shareholder and/or administration services fee under the Plan at an annual rate of up to 0.15% of the average daily net assets of the I Shares or A Shares, as applicable. The services under each of these Shareholder Servicing Plans may include, among others, providing general shareholder liaison services (including responding to shareholder inquiries), providing information on shareholder investments, and establishing and maintaining shareholder accounts and records.
 
Custodian Agreements — SunTrust Bank acts as custodian for the Funds, except for Corporate Bond Fund and Seix Global Strategy Fund, which have appointed Brown Brothers Harriman & Co. as custodian. The Funds pay custody fees on the basis of their respective net assets and transaction costs.
 
Other — Certain officers of the Trust are also employees of the Investment Adviser and/or the Administrator. Such officers receive no fees from the Trust for serving as officers of the Trust. Each of the trustees receives an annual retainer and an additional fee for each meeting attended plus reimbursement for certain expenses incurred. Trustees receive an additional fee for attendance at committee meetings. Prior to November 20, 2009, the annual retainer was $93,750 for the Chairman and $75,000 for the other Trustees. The current retainer and meeting fees are as follows:
 
                 
    Chairman($)   Trustee($)
 
Annual Retainer
    100,000       80,000  
Regular Meeting Fee
    7,500       6,000  
Special Meeting Fee
    4,375       3,500  
Committee Meeting Fee
    4,500       3,000  
 
The Investment Adviser provides services to the Trust to ensure compliance with applicable laws and regulations. The Investment Adviser has designated a dedicated compliance staff and an employee to serve as Chief Compliance Officer. The Investment Adviser receives an annual fee totaling $1,080,000 for these services. Prior to July 1, 2009, the fee was $775,000. During the year ended March 31, 2010, the Investment Adviser was paid $1,003,750 for these services. In addition, the Administrator provides staff to assist the Chief Compliance Officer for the Trust, including providing certain related services, and receives an annual fee of $171,485 for providing these services. The fees above are allocated based on average daily net assets of the Trust and are reflected on the Statements of Operations as “Compliance Services Fees”.
 
The Trust has entered into an agreement with SunTrust Robinson Humphrey, Inc., which is a registered broker-dealer and a direct non-bank subsidiary of SunTrust, to act as an agent in placing repurchase agreements for the Trust. For the year ended March 31, 2010, the following Funds paid SunTrust Robinson Humphrey, Inc., through a reduction in the yield earned by the Funds on those repurchase agreements, the following amounts (in thousands):
 
         
Fund
  Fees($)
 
Prime Quality Money Market Fund
    1  
U.S. Government Securities Money Market Fund
    2  
U.S. Treasury Securities Money Market Fund
    3  


254


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
4.  Investment Transactions
 
The cost of security purchases and the proceeds from sales and maturities of securities, excluding securities maturing less than one year from acquisition and U.S. government securities, for the year ended March 31, 2010, were as follows (in thousands):
 
                 
        Sales and
Fund
  Purchases($)   Maturities($)
 
Corporate Bond Fund
    183,894       80,555  
Georgia Tax-Exempt Bond Fund
    134,127       83,500  
High Grade Municipal Bond Fund
    82,071       107,747  
High Income Fund
    393,269       326,706  
Intermediate Bond Fund
    415,016       78,858  
Investment Grade Bond Fund
    90,102       131,966  
Investment Grade Tax-Exempt Bond Fund
    1,568,395       1,490,618  
Limited Duration Fund
    8,290       14,728  
Limited-Term Federal Mortgage Securities Fund
    3,293       2,990  
Maryland Municipal Bond Fund
    10,345       12,949  
North Carolina Tax-Exempt Bond Fund
    37,284       31,891  
Seix Floating Rate High Income Fund
    1,334,305       898,135  
Seix High Yield Fund
    1,997,463       1,356,468  
Short-Term Bond Fund
    304,467       220,713  
Total Return Bond Fund
    209,660       178,010  
Ultra-Short Bond Fund
    43,034       33,653  
Virginia Intermediate Municipal Bond Fund
    72,817       65,239  
 
The cost of security purchases and proceeds from sales and maturities of U.S. government securities, excluding short-term investments, for the year ended March 31, 2010, were as follows (in thousands):
 
                 
        Sales and
Fund
  Purchases($)   Maturities($)
 
Corporate Bond Fund
    26,704       28,284  
Intermediate Bond Fund
    1,129,718       1,322,628  
Investment Grade Bond Fund
    285,735       358,912  
Limited Duration Fund
    15,668       5,861  
Limited-Term Federal Mortgage Securities Fund
    167,578       184,175  
Seix Global Strategy Fund
    303        
Short-Term Bond Fund
    232,334       223,359  
Short-Term U.S. Treasury Securities Fund
    99,140       139,925  
Total Return Bond Fund
    1,748,600       1,779,019  
Ultra-Short Bond Fund
    42,936       35,704  
U.S. Government Securities Fund
    130,108       387,667  
U.S. Government Securities Ultra-Short Bond Fund
    1,593,712       572,333  
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
5.  Temporary Guarantee Program for Money Market Funds
 
In October 2008, the Prime Quality Money Market Fund, Tax Exempt Money Market Fund and Virginia Tax-Free Money Market Fund (“Participating Funds”) each enrolled in the U.S. Department of the Treasury’s (“Treasury”) $50 billion Temporary Guarantee Program for Money Market Funds (the “Program”). The Program guaranteed the net asset value of shares of participating money market funds as of September 19, 2008. To the extent funds were available in the Program, any shares held by investors in the Participating Funds as of the close of business


255


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
September 19, 2008 were insured against loss under the Program in the event a Participating Fund liquidated its holdings and the per share value at the time of liquidation was less than $1 per share. The Program only applied to shareholders of record in the Participating Funds as of September 19, 2008. Any purchase of shares of a Participating Fund for a new account after the close of business on September 19, 2008 was not guaranteed.
 
Participation in the initial three months of the Program required a payment to the Treasury in the amount of 0.010% based on the net asset value of each Participating Fund as of September 19, 2008. For the coverage beginning on December 19, 2008 and extended through September 18, 2009, each Participating Fund paid 0.015% in December 2008 and again in April 2009, based on the net asset value of each Participating Fund as of September 19, 2008. These expenses were borne by the Participating Funds without regard to any expense limitation currently in effect for the Participating Funds and are included in the Statements of Operations.
 
The Program was not extended beyond September 18, 2009.
 
6.  Federal Tax Information
 
At March 31, 2010, the total cost of securities and the net realized gains or losses on securities sold for federal income tax purposes were different from amounts reported for financial reporting purposes. These differences were generally due to losses on wash sales, which cannot be used for Federal income tax purposes in the current year and have been deferred for use in future years. The Federal tax cost and aggregate gross unrealized appreciation and depreciation for securities held by the Funds at March 31, 2010, were as follows (in thousands):
 
                                 
                Net
                Unrealized
        Tax Unrealized
  Tax Unrealized
  Appreciation/
Fund
  Tax Cost($)   Appreciation($)   (Depreciation)($)   (Depreciation)($)
 
Corporate Bond Fund
    170,649       10,779       (302 )     10,477  
Georgia Tax-Exempt Bond Fund
    212,418       6,739       (569 )     6,170  
High Grade Municipal Bond Fund
    55,775       3,450       (22 )     3,428  
High Income Fund
    198,191       10,957       (1,764 )     9,193  
Intermediate Bond Fund
    1,577,965       44,214       (2,497 )     41,717  
Investment Grade Bond Fund
    394,096       19,299       (1,494 )     17,805  
Investment Grade Tax-Exempt Bond Fund
    1,066,711       28,932       (3,306 )     25,626  
Limited Duration Fund
    26,429       140       (13 )     127  
Limited-Term Federal Mortgage Securities Fund
    37,344       534       (95 )     439  
Maryland Municipal Bond Fund
    28,889       1,377       (13 )     1,364  
North Carolina Tax-Exempt Bond Fund
    50,459       1,677       (156 )     1,521  
Seix Floating Rate High Income Fund
    1,302,457       54,902       (12,972 )     41,930  
Seix Global Strategy Fund
    9,708                    
Seix High Yield Fund
    1,791,647       114,794       (10,574 )     104,220  
Short-Term Bond Fund
    493,584       8,721       (2,210 )     6,511  
Short-Term U.S. Treasury Securities Fund
    44,871       687       (13 )     674  
Total Return Bond Fund
    820,938       23,349       (3,514 )     19,835  
Ultra-Short Bond Fund
    98,342       700       (438 )     262  
U.S. Government Securities Fund
    77,486       762       (50 )     712  
U.S. Government Securities Ultra-Short Bond Fund
    1,415,826       4,971       (2,516 )     2,455  
Virginia Intermediate Municipal Bond Fund
    194,233       8,995       (481 )     8,514  
Prime Quality Money Market Fund
    4,998,857                    
Tax-Exempt Money Market Fund
    1,732,144                    
U.S. Government Securities Money Market Fund
    915,236                    
U.S. Treasury Money Market Fund
    1,142,514                    
Virginia Tax-Free Money Market Fund
    314,383                    
 
Amounts designated as “—” are $0 or have been rounded to $0.


256


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
 
The tax character of distributions paid to shareholders during the year ended March 31, 2010 was as follows (in thousands):
 
                                                 
    Distributions Paid From                
        Net Long
  Total
          Total
    Ordinary
  Term Capital
  Taxable
  Tax-Exempt
  Return of
  Distributions
Fund
  Income($)   Gains($)   Distributions($)   Distributions($)   Capital($)   Paid($)*
 
Corporate Bond Fund
    6,617             6,617             418       7,035  
Georgia Tax-Exempt Bond Fund
                      7,211             7,211  
High Grade Municipal Bond Fund
    20             20       2,721             2,741  
High Income Fund
    6,520             6,520                   6,520  
Intermediate Bond Fund
    47,782       1,022       48,804                   48,804  
Investment Grade Bond Fund
    16,075             16,075                   16,075  
Investment Grade Tax-Exempt Bond Fund
    14,671       479       15,150       29,558             44,708  
Limited Duration Fund
    189             189                   189  
Limited-Term Federal Mortgage Securities Fund
    1,405             1,405                   1,405  
Maryland Municipal Bond Fund
                      1,107             1,107  
North Carolina Tax-Exempt Bond Fund
    7             7       1,874             1,881  
Seix Floating Rate High Income Fund
    50,649             50,649                   50,649  
Seix Global Strategy Fund
    268             268                   268  
Seix High Yield Fund
    106,738             106,738                   106,738  
Short-Term Bond Fund
    12,363             12,363                   12,363  
Short-Term U.S. Treasury Securities Fund
    969       91       1,060                   1,060  
Total Return Bond Fund
    29,881       2,965       32,846                   32,846  
Ultra-Short Bond Fund
    1,707             1,707                   1,707  
U.S. Government Securities Fund
    12,635       11,070       23,705                   23,705  
U.S. Government Securities Ultra-Short Bond Fund
    14,212             14,212                   14,212  
Virginia Intermediate Municipal Bond Fund
    57       501       558       7,229             7,787  
Prime Quality Money Market Fund
    3,916             3,916                   3,916  
Tax-Exempt Money Market Fund
                      1,835             1,835  
U.S. Government Securities Money Market Fund
    752             752                   752  
U.S. Treasury Money Market Fund
    660             660                   660  
Virginia Tax-Free Money Market Fund
                      259             259  
 
 
Total distributions paid differ from the Statement of Changes in Net Assets because for tax purposes dividends are recognized when actually paid.
 
Amounts designated as “—” are $0 or have been rounded to $0.


257


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
The tax character of distributions paid to shareholders during the period ended March 31, 2009 was as follows (in thousands):
 
                                         
    Distributions Paid From            
        Net Long
  Total
      Total
    Ordinary
  Term Capital
  Taxable
  Tax-Exempt
  Distributions
Fund
  Income($)   Gains($)   Distributions($)   Distributions($)   Paid($)*
 
Corporate Bond Fund
    5,431             5,431             5,431  
Georgia Tax-Exempt Bond Fund
    3             3       6,804       6,807  
High Grade Municipal Bond Fund
    24             24       4,770       4,794  
High Income Fund
    4,071             4,071             4,071  
Intermediate Bond Fund
    58,043             58,043             58,043  
Investment Grade Bond Fund
    19,358             19,358             19,358  
Investment Grade Tax-Exempt Bond Fund
    4,233       273       4,506       21,605       26,111  
Limited Duration Fund
    991             991             991  
Limited-Term Federal Mortgage Securities Fund
    3,470             3,470             3,470  
Maryland Municipal Bond Fund
                      1,364       1,364  
North Carolina Tax-Exempt Bond Fund
    3             3       1,663       1,666  
Seix Floating Rate High Income Fund
    35,584             35,584             35,584  
Seix Global Strategy Fund
    120             120             120  
Seix High Yield Fund
    62,443             62,443             62,443  
Short-Term Bond Fund
    15,523             15,523             15,523  
Short-Term U.S. Treasury Securities Fund
    2,297             2,297             2,297  
Total Return Bond Fund
    29,622             29,622             29,622  
Ultra-Short Bond Fund
    3,066             3,066             3,066  
U.S. Government Securities Fund
    15,377       1,063       16,440             16,440  
U.S. Government Securities Ultra-Short Bond Fund
    3,501             3,501             3,501  
Virginia Intermediate Municipal Bond Fund
    4             4       7,441       7,445  
Prime Quality Money Market Fund
    157,821             157,821             157,821  
Tax-Exempt Money Market Fund
    1       3       4       26,714       26,718  
U.S. Government Securities Money Market Fund
    25,343             25,343             25,343  
U.S. Treasury Money Market Fund
    11,665             11,665             11,665  
Virginia Tax-Free Money Market Fund
    45       54       99       8,644       8,743  
 
 
Total distributions paid differ from the Statement of Changes in Net Assets because for tax purposes dividends are recognized when actually paid.
 
Amounts designated as “—” are $0 or have been rounded to $0.


258


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
As of March 31, 2010, the components of accumulated earnings (deficit) on a tax basis were as follows (in thousands):
 
                                                                 
                        Accumulated
       
    Undistributed           Capital
      Total
    Tax Exempt
  Ordinary
  Long Term
  Accumulated
  Distributions
  and Other
  Unrealized
  Accumulated
    Income
  Income
  Capital Gains
  Earnings
  Payable
  Losses
  Appreciation/
  Earnings
Fund
  ($)   ($)   ($)   ($)   ($)   ($)*   (Depreciation)($)**   (Deficit)($)
 
Corporate Bond Fund
                            (678 )     (7,416 )     10,477       2,383  
Georgia Tax-Exempt Bond Fund
    854                   854       (664 )     (4,583 )     6,170       1,777  
High Grade Municipal Bond Fund
    214                   214       (221 )     (1,828 )     3,428       1,593  
High Income Fund
          944             944       (986 )     (4,123 )     9,193       5,028  
Intermediate Bond Fund
          8,154       837       8,991       (3,731 )           41,717       46,977  
Investment Grade Bond Fund
          1,130       2,407       3,537       (1,152 )           17,805       20,190  
Investment Grade Tax-Exempt Bond Fund
    2,291       8,542       1,727       12,560       (2,444 )           25,626       35,742  
Limited Duration Fund
          11             11       (10 )     (1,715 )     127       (1,587 )
Limited-Term Federal Mortgage Securities Fund
          33             33       (75 )     (18,219 )     439       (17,822 )
Maryland Municipal Bond Fund
    45                   45       (88 )     (220 )     1,364       1,101  
North Carolina Tax-Exempt Bond Fund
    100                   100       (163 )     (954 )     1,521       504  
Seix Floating Rate High Income Fund
          7,110             7,110       (5,940 )     (71,828 )     40,173       (30,485 )
Seix Global Strategy Fund
          220             220             (73 )           147  
Seix High Yield Fund
          11,863             11,863       (11,889 )     (126,296 )     103,695       (22,627 )
Short-Term Bond Fund
          1,231             1,231       (1,038 )     (14,408 )     6,511       (7,704 )
Short-Term U.S. Treasury Securities Fund
          373       35       409       (51 )           674       1,031  
Total Return Bond Fund
          5,050       1,705       6,755       (1,958 )           19,835       24,632  
Ultra-Short Bond Fund
          144             144       (125 )     (4,285 )     262       (4,004 )
U.S. Government Securities Fund
          145       1,363       1,508       (145 )           712       2,075  
U.S. Government Securities Ultra-Short Bond Fund
          3,355             3,355       (1,897 )     (6,843 )     2,455       (2,930 )
Virginia Intermediate Municipal Bond Fund
    599             416       1,015       (582 )           8,514       8,947  
Prime Quality Money Market Fund
          181             181       (148 )     (4,394 )           (4,361 )
Tax-Exempt Money Market Fund
    143                   143       (112 )     (131 )           (100 )
U.S. Government Securities Money Market Fund
          26             26       (33 )     (22 )           (29 )
U.S. Treasury Money Market Fund
          114             114       (32 )     (147 )           (65 )
Virginia Tax-Free Money Market Fund
    127                   127       (14 )                 113  
 
 
* As of the latest tax year end of March 31, 2010, the following Funds had net capital loss carryovers to offset future net capital gains, if any, to the extent provided by the Treasury regulations (in thousands). To the extent that these carryovers are used to offset future gains, it is probable that the gains so offset will not be distributed to shareholders.
 
**   The differences between book-basis and tax-basis unrealized appreciation/(depreciation) is attributable primarily to: tax deferral of losses on wash sales, the difference between book and tax amortization methods for premium and market discount.
 
Amounts designated as “—” are $0 or have been rounded to $0.


259


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
As of March 31, 2010, unexpired capital loss carryforwards were as follows (in thousands) :
 
                                                                 
    Expires
Fund
  2011($)   2012($)   2013($)   2014($)   2015($)   2016($)   2017($)   2018($)
 
Corporate Bond Fund
                            4,212       813       570       1,668  
Georgia Tax-Exempt Bond Fund
                            102       823       2,203       1,455  
High Grade Municipal Bond Fund
                                        1,828        
High Income Fund
                                        4,123        
Limited Duration Fund
                            11             568       1,103  
Limited-Term Federal Mortgage Securities Fund
          2,695       3,272       5,209       4,063       2,980              
Maryland Municipal Bond Fund
                                  8       212        
North Carolina Tax-Exempt Bond Fund
                                  341       613        
Seix Floating Rate High Income Fund
                                  2,716       38,154       29,687  
Seix High Yield Fund
                      5,154       11,772       15,837       62,376       31,157  
Short-Term Bond Fund
    7,468       22       353       47       1,052             888       4,562  
Ultra-Short Bond Fund
          494       548       573       667             203       1,362  
U.S. Government Securities Ultra-Short Bond Fund
          297       393       272       150                   701  
Prime Quality Money Market Fund
                                  26       3,265       1,103  
Tax-Exempt Money Market Fund
                                        48       83  
U.S. Government Securities Money Market Fund
                                              22  
U.S. Treasury Money Market Fund
                92       42       5                   8  
 
Capital loss carryforwards may be applied to offset future realized capital gains and may thus reduce future capital gain distributions.
 
During the year ended March 31, 2010, the High Grade Municipal Bond Fund, High Income Fund, Investment Grade Tax-Exempt Bond Fund, Limited-Term Federal Mortgage Securities Fund, Maryland Municipal Bond Fund, North Carolina Tax-Exempt Bond Fund, Short-Term U.S. Treasury Securities Fund and Virginia Intermediate Municipal Bond Fund utilized $604, $1,390, $5,746, $1,833, $47, $285, $576 and $26, respectively, in thousands, in capital loss carryforwards.
 
Net capital losses incurred after October 31, and within the taxable year are deemed to arise on the first business day of the Funds’ next taxable year. The Corporate Bond Fund, Limited Duration Fund, Seix Floating Rate High Income Fund, Seix Global Strategy Fund, Short-Term Bond Fund, Ultra-Short Bond Fund, U.S. Government Securities Ultra-Short Bond Fund have incurred and elect to defer $153, $33, $1,271, $73, $16, $438 and $5,030, respectively, in thousands, in capital losses.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
7.  Risks
 
The prices of the Funds’ fixed income securities respond to economic developments, particularly interest rate changes, as well as to perceptions about the creditworthiness of individual issuers, including governments. Generally, the Funds’ fixed income securities will decrease in value if interest rates rise and vice versa, and the volatility of lower-rated securities is even greater than that of higher-rated securities. Also, longer-term securities are generally more volatile, so the average maturity or duration of these securities affects risk.
 
Certain Funds invest in high yield corporate, government, and other debt instruments of U.S. and non-U.S. issuers. High yield securities involve greater risk of default or downgrade and are more volatile than investment grade securities.
 
Certain of the Funds may invest in first and second lien senior floating rate loans. The risk associated with floating rate loans is similar to the risks of below investment grade securities. In addition, the value of the collateral securing the loan may decline, causing a loan to be substantially unsecured. Difficulty in selling a floating rate loan may result in a loss. Borrowers may pay back principal before the scheduled due date when interest rates decline, which may require the Fund to replace a particular loan with a lower-yielding security. There may be less extensive public information available with respect to loans than for rated, registered or exchange listed securities. The Fund may assume the credit risk of the primary lender in addition to the borrower, and investments in loan assignments may involve the risks of being a lender.
 
Certain of the Funds may invest in securities of foreign issuers in various countries. Investments in securities of foreign issuers carry certain risks not ordinarily associated with investments in securities of U.S. issuers. These


260


 

 
NOTES TO FINANCIAL STATEMENTS (concluded)
RIDGEWORTH FUNDS  March 31, 2010
 
risks include future political and economic developments, and the possible imposition of exchange controls or other foreign governmental laws and restrictions. In addition, with respect to certain countries, there is a possibility of expropriation of assets, confiscatory taxation, political or social instability or diplomatic developments, which could adversely affect investments in those countries. Emerging market countries are countries that the World Bank or the United Nations considers to be emerging or developing. Emerging markets may be more likely to experience political turmoil or rapid changes in market or economic conditions than more developed countries. In addition, the financial stability of issuers, including governments, in emerging market countries may be more precarious than in other countries. As a result, there will tend to be an increased risk of price volatility associated with the Fund’s investments in emerging market countries, which may be magnified by currency fluctuations relative to the U.S. dollar.
 
Certain of the Funds’ concentrations of investments in securities of issuers located in a specific region subjects that Fund to the economic and government policies of that region and may increase risk versus that of a fund whose investments are more diversified.
 
Certain of the Funds invest in securities whose value is derived from an underlying pool of mortgages or consumer loans. Prepayment of these loans shortens the stated maturity of these respective obligations and may result in a loss of premium, if any has been paid. Estimates of such prepayments are used to calculate expected maturity dates and a Fund’s average duration.
 
The Money Market Funds invest primarily in money market instruments maturing in 397 days or less whose ratings are within one of the two highest ratings categories assigned by a nationally recognized statistical rating organization, or, if not rated, are believed to be of comparable quality. The ability of the issuers of the securities held by the Funds to meet their obligations may be affected by economic developments in a specific industry, state or region.
 
Certain securities are backed by letters of credit from various financial institutions and financial guaranty assurance agencies. These letters of credit enhance the credit quality of the individual securities; however, if any of the financial institutions or financial guaranty assurance agencies’ credit quality should deteriorate, it could cause the individual security’s credit quality to change. Additionally, if any of the Funds concentrate their letters of credit in any one financial institution, the risk of credit quality deterioration increases.
 
Certain Funds hold certain securities the issuer of which operates under a congressional charter. These securities (Federal Home Loan Mortgage Corporation, Federal Home Loan Bank, Federal Agricultural Mortgage Corporation and Federal National Mortgage Association) are neither issued nor guaranteed by the U.S. Government. If needed, access to additional funding from the U.S. Treasury (beyond the issuer’s line of credit), would require congressional action.
 
8.  Subsequent Events
 
Management has evaluated subsequent events through the date these financial statements were issued and there are no subsequent events to report.


261


 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 
To the Board of Trustees and Shareholders of
RidgeWorth Funds:
 
In our opinion, the accompanying statements of assets and liabilities, including the schedules of portfolio investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Corporate Bond Fund, Georgia Tax-Exempt Bond Fund, High Grade Municipal Bond Fund, High Income Fund, Intermediate Bond Fund, Investment Grade Bond Fund, Investment Grade Tax-Exempt Bond Fund, Limited Duration Fund, Limited-Term Federal Mortgage Securities Fund, Maryland Municipal Bond Fund, North Carolina Tax-Exempt Bond Fund, Seix Floating Rate High Income Fund, Seix Global Strategy Fund, Seix High Yield Fund, Short-Term Bond Fund, Short-Term U.S. Treasury Securities Fund, Total Return Bond Fund, Ultra-Short Bond Fund, U.S. Government Securities Fund, U.S. Government Securities Ultra-Short Bond Fund, Virginia Intermediate Municipal Bond Fund, Prime Quality Money Market Fund, Tax-Exempt Money Market Fund, U.S. Government Securities Money Market Fund, U.S. Treasury Money Market Fund and Virginia Tax-Free Money Market Fund (twenty-six of the funds constituting RidgeWorth Funds, hereafter referred to as the “Funds”) at March 31, 2010, the results of each of their operations for the year then ended, and the changes in each of their net assets and the financial highlights for each of the periods presented, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as “financial statements”) are the responsibility of the Funds’ management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at March 31, 2010 by correspondence with the custodians and brokers, provide a reasonable basis for our opinion.
 
 
PricewaterhouseCoopers LLP
 
Columbus, Ohio
May 28, 2010


262


 

TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUNDS
RIDGEWORTH FUNDS  March 31, 2010
(Unaudited)
 
Information pertaining to the Independent Trustees of the Trust is set forth below.
                     
                Number of
   
        Term of
      Portfolios in
   
Name, Business
  Position
  Office and
  Principal
  Fund
  Other
Address, State of
  Held With
  Length of
  Occupation(s)
  Trust
  Directorships
Residence and Age   Trust   Time Served   During the Past 5 Years   Overseen   Held
Jeffrey Biggar
3435 Stelzer Road Columbus, OH 43219
(Ohio)
Age: 60
  Trustee   Indefinite; since
January 2007
  Chief Operating Officer, Cedar Brook Financial Partners LLC (March 2008-present). Retired (2006- March 2008). Chief Executive Officer and Senior Managing Director, Sterling (National City Corp.) (2002-2006)   50   GenSpring Trust
                     
George C. Guynn
3435 Stelzer Road
Columbus, OH 43219
(Georgia)
Age: 67
  Trustee   Indefinite; since
January 2008
  Retired. President (1996-October 2006) and Chief Executive Officer (1995-October 2006) Federal Reserve Bank of Atlanta   50   Genuine Parts Company; Oxford Industries; John Wieland Homes and Neighborhoods, Inc.; Acuity Brands, Inc.; GenSpring Trust
                     
Sidney E. Harris
3435 Stelzer Road
Columbus, OH 43219
(Georgia)
Age: 60
  Trustee   Indefinite; since
November 2004
  Professor (since 1997) and Dean (1997-2004), J. Mack Robinson College of Business, Georgia State University   50   Total System Services, Inc.; GenSpring Trust
                     
Warren Y. Jobe
3435 Stelzer Road
Columbus, OH 43219
(Georgia)
Age: 69
  Trustee   Indefinite; since
November 2004
  Retired. Executive Vice President/CFO, Georgia Southern Company (energy) (1998-2001)   50   WellPoint, Inc.; UniSource Energy Corp.
                     
Connie D. McDaniel
3435 Stelzer Road
Columbus, OH 43219
(Georgia)
Age: 51
  Trustee   Indefinite; since
May 2005
  Vice President Global Finance Transformation (since 2007), Vice President and Controller (1999-2007), The Coca-Cola Company   50   None
                     
Clarence H. Ridley
3435 Stelzer Road
Columbus, OH 43219
(Georgia)
Age: 67
  Trustee   Indefinite; since
November 2001
  Chairman, Haverty Furniture Companies   50   Crawford & Co.; Haverty Furniture Companies
                     
Charles D. Winslow
3435 Stelzer Road
Columbus, OH 43219
(Florida)
Age: 74
  Trustee   Indefinite; since
November 2004
  Retired. Formerly Partner, Accenture (consulting)   50   None
                     


263


 

 
TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUNDS (concluded)
RIDGEWORTH FUNDS  March 31, 2010
(Unaudited)
 
 
Information pertaining to the Officers of the Trust is set forth below.
             
        Term of
   
    Position(s)
  Office and
   
Name, Address and
  Held with
  Length of
  Principal Occupation(s)
Age   Trust   Time Served   During the Past 5 Years
Julia R. Short
50 Hurt Plaza
Suite 1400
Atlanta, GA 30303
Age: 37
  President and Chief
Executive Officer
  One year;
since July 2007
  Managing Director, Product Manager, RidgeWorth Investments
             
Patrick A. Paparelli
50 Hurt Plaza
Suite 1400
Atlanta, GA 30303
Age: 48
  Vice President; Chief
Compliance Officer
  One year;
since May 2008
  Managing Director, Director of Legal and Compliance (since 2001) and Chief Compliance Officer (since July 2004), RidgeWorth Investments
             
Diana Hanlin
50 Hurt Plaza
Suite 1400
Atlanta, GA 30303
Age: 42
  Vice President;
Deputy Chief
Compliance Officer
  One year;
since May 2008
  Director, RidgeWorth Capital Management, Inc. (since May 2008); Employee of BB&T Asset Management, Inc. (2007-May 2008); Employee of BISYS Fund Services Ohio, Inc. (1996-2007)
             
Martin R. Dean
3435 Stelzer Road
Columbus, OH 43219
Age: 46
  Treasurer; Chief
Financial Officer;
Chief Accounting
Officer
  One year;
since March 2007
  Senior Vice President, Citi Fund Services Ohio, Inc.
             
Jennifer A. English
100 Summer Street Suite 1500
Boston, MA 02110
Age: 37
  Secretary; Chief
Legal Officer
  One year;
since February 2010
  Senior Vice President, Regulatory Administration, Citi (2005-present). Assistant Vice President and Assistant Counsel, PNC Global Investment Servicing (2002-2005)
             
Danio Mastropieri
100 Summer Street Suite 1500
Boston, MA 02110
Age: 37
  Assistant Secretary   One year;
since February 2010
  Vice President, Regulatory Administration, Citi (2007-present); Senior Regulatory Administration Specialist, PNC Global Investment Servicing (2004-2007)
             
 
The Trust’s Statement of Additional Information includes additional information about the Trust’s trustees and officers. To request your free copy of the Statement of Additional Information, call toll free 1-888-784-3863.


264


 

ADDITIONAL INFORMATION
RIDGEWORTH FUNDS  March 31, 2010
(Unaudited)
 
Annual Approval of Investment Advisory and Subadvisory Agreements
 
The continuance of the Trust’s investment advisory agreement with RidgeWorth Capital Management, Inc. (the “Adviser”) and subadvisory agreements between the Adviser and each of Seix Investment Advisors LLC and StableRiver Capital Management LLC (collectively, the “Subadvisers”) must be specifically approved at least annually by (i) the vote of the Trustees or a vote of the shareholders of the Funds and (ii) the vote of a majority of the Trustees who are not parties to the agreements or “interested persons” of any party thereto (the “Independent Trustees”), as defined in the Investment Company Act of 1940, cast in person at a meeting called for the purpose of voting on such approval. New advisory agreements for the Trust are also subject to such approval initially and annually after their initial term is complete. Each year, the Board of Trustees calls and holds a meeting to decide whether to approve and/or renew the Trust’s agreements for the upcoming year. In preparation for the meeting, the Board requests and reviews a wide variety of information from the Adviser and Subadvisers. The Trustees use this information, as well as other information that the Adviser, Subadvisers, and other service providers may submit to the Board, to help them decide whether to approve and/or renew the agreements.
 
In considering the renewal of the agreements with the Adviser and Subadvisers, the Board requested and received material from the Adviser and Subadvisers in preparation for a special meeting of the Board held on October 15, 2009, and requested and reviewed additional material from the Adviser and Subadvisers in preparation for its quarterly meeting held on November 20, 2009, at which it specifically considered the renewal of the agreements. Such material included, among other things, information about: (a) the quality of the Adviser’s and Subadvisers’ investment management and other services; (b) the Adviser’s and Subadvisers’ investment management personnel; (c) the Adviser’s and Subadvisers’ operations and financial condition; (d) the Adviser’s and Subadvisers’ brokerage practices (including any soft dollar arrangements) and investment strategies; (e) the level of the advisory fees that the Adviser and Subadvisers charge the Funds compared with the fees they charge to comparable mutual funds or accounts; (f) the Funds’ overall fees and operating expenses compared with similar mutual funds; (g) the level of the Adviser’s and Subadvisers’ profitability from their Fund-related operations; (h) the Adviser’s and Subadvisers’ compliance systems; (i) the Adviser’s and Subadvisers’ policies and procedures for personal securities transactions; (j) the Adviser’s and Subadvisers’ reputation, expertise, and resources in domestic financial markets; and (k) the Funds’ performance compared with similar mutual funds. The Board also received a memorandum from fund counsel regarding the responsibilities of the Trustees in connection with their consideration of the agreements.
 
At the meetings, representatives from the Adviser and Subadvisers presented additional oral and written information to the Board to help the Board evaluate the Adviser’s and Subadvisers’ fees and other aspects of the agreements. The Board also considered information presented by the Adviser, Subadvisers, and other service providers at meetings held throughout the year. The Trustees discussed the written materials, oral presentations, and any other information that the Board received, and considered the approval of the agreements in light of this information.
 
Based on the Board’s deliberations and evaluation of the information it received, the Board, all of whose members are Independent Trustees, approved the renewal of the agreements with the Adviser and Subadvisers and determined that the compensation under the agreements is fair and reasonable in light of the services to be performed. The Board considered the following specific factors, none of which was controlling, and made the following conclusions:
 
Nature, Extent, and Quality of Services
 
The Board received and considered information regarding the nature, extent, and quality of services to be provided to the Funds by the Adviser and Subadvisers. In this regard, the Trustees evaluated, among other things, the Adviser’s and Subadvisers’ personnel, experience, track record, and compliance program. The Board considered the background and experience of the Adviser’s and Subadvisers’ senior management and the expertise of, and amount of attention expected to be given to the Funds by, their portfolio management teams. The Board reviewed the qualifications, backgrounds, and responsibilities of the portfolio managers responsible for the day-to-day management of the Funds. The Board also reviewed information pertaining to the Adviser’s and Subadvisers’ organizational structure, senior management, investment operations, and other relevant information. The Board concluded that, within the context of its full deliberations, the nature, extent, and quality of the services to be provided to the Funds by the Adviser and Subadvisers supported the approval of the agreements.


265


 

 
ADDITIONAL INFORMATION (continued)

RIDGEWORTH FUNDS  March 31, 2010
(Unaudited)
 
Performance
 
The Board considered the investment performance of each Fund, including any periods of outperformance and underperformance, both on an absolute basis and a comparative basis to indices and other funds within the same investment categories. Specifically, the Board considered each Fund’s performance relative to its peer group and appropriate benchmarks in light of total return, yield, and market trends. As part of this review, the Board considered the composition of the peer group and selection criteria, as well as market risk and shareholder risk expectations. The Board considered the Adviser’s and Subadvisers’ explanations regarding specific performance issues. The Board concluded that, within the context of its full deliberations, the performance of the Funds, the Adviser, and the Subadvisers supported the approval of the agreements.
 
Fund Expenses
 
With respect to advisory fees, the Board considered the rate of compensation under the agreements and each Fund’s net operating expense ratio in comparison to those of comparable mutual funds. The Trustees also considered information about average expense ratios of comparable mutual funds in each Fund’s peer group. Finally, the Trustees considered the effect of the Adviser’s and Subadvisers’ waiver and reimbursement of fees and expenses, where applicable, to prevent total expenses from exceeding a specified amount and that, due to these waivers and reimbursements, net operating expenses have been maintained at competitive levels. In addition, the Board noted that with respect to the money market funds, the Adviser had voluntarily undertaken to reduce fees or waive expenses to the extent necessary to maintain a positive yield for those funds. The Board concluded that, within the context of its full deliberations, the expenses of the Funds are reasonable and supported the approval of the agreements.
 
Profitability
 
The Board reviewed information about the profitability of the Funds to the Adviser and Subadvisers and considered whether the level of profitability was reasonable and justified in light of the quality of the services rendered to the Funds and in comparison to other advisory firms. The Board concluded that, within the context of its full deliberations, the profitability of the Adviser and Subadvisers is within the range the Board considered reasonable.
 
Economies of Scale
 
The Board considered the existence of economies of scale and whether they were passed along to Fund shareholders through a graduated advisory fee schedule or other means, including any fee and expense waivers and reimbursements by the Adviser and Subadvisers. The Board concluded that, within the context of its full deliberations, the Funds obtain reasonable benefit from economies of scale.


266


 

 
ADDITIONAL INFORMATION (continued)

RIDGEWORTH FUNDS  March 31, 2010
(Unaudited)
 
Expense Examples
 
As a shareholder of the RidgeWorth Funds, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchases; and (2) ongoing costs, including management fees, 12b-1 distribution and/or service fees and other Fund expenses. These examples are intended to help you understand your ongoing costs (in dollars) of investing in the RidgeWorth Funds and to compare these costs with the ongoing costs of investing in other mutual funds.
 
These examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2009 through March 31, 2010.
 
Actual Expenses
 
The table below provides information about actual account values and actual expenses. You may use the information below, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the table under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.
 
 
                                     
        Beginning
  Ending
  Expenses Paid
  Expense Ratio
        Account Value
  Account Value
  During Period*
  During Period**
        10/01/09($)   03/31/10($)   10/01/09-03/31/10($)   10/01/09-03/31/10(%)
 
Corporate Bond Fund
  I Shares     1,000.00       1,033.60       2.59       0.51  
    A Shares     1,000.00       1,030.80       4.10       0.81  
    C Shares     1,000.00       1,028.50       7.64       1.51  
Georgia Tax-Exempt Bond Fund
  I Shares     1,000.00       996.40       2.99       0.60  
    A Shares     1,000.00       995.70       3.73       0.75  
High Grade Municipal Bond Fund
  I Shares     1,000.00       1,003.10       3.20       0.64  
    A Shares     1,000.00       1,001.50       3.94       0.79  
High Income Fund
  I Shares     1,000.00       1,169.50       3.79       0.70  
    A Shares     1,000.00       1,169.40       5.35       0.99  
    R Shares     1,000.00       1,168.40       6.49       1.20  
Intermediate Bond Fund
  I Shares     1,000.00       1,015.80       1.66       0.33  
    A Shares     1,000.00       1,014.70       2.81       0.56  
    R Shares     1,000.00       1,012.50       4.97       0.99  
Investment Grade Bond Fund
  I Shares     1,000.00       1,012.90       2.91       0.58  
    A Shares     1,000.00       1,011.30       4.51       0.90  
    R Shares     1,000.00       1,009.50       5.41       1.08  
Investment Grade Tax-Exempt Bond Fund
  I Shares     1,000.00       1,000.70       2.79       0.56  
    A Shares     1,000.00       999.20       4.19       0.84  
Limited Duration Fund
  I Shares     1,000.00       1,009.20       1.20       0.24  
Limited-Term Federal Mortgage Securities Fund
  I Shares     1,000.00       1,022.50       3.13       0.62  
    A Shares     1,000.00       1,021.50       4.13       0.82  
    C Shares     1,000.00       1,017.40       8.15       1.62  
Maryland Municipal Bond Fund
  I Shares     1,000.00       999.60       3.29       0.66  
    A Shares     1,000.00       998.80       4.04       0.81  
North Carolina Tax-Exempt Bond Fund
  I Shares     1,000.00       994.60       3.08       0.62  
    A Shares     1,000.00       993.90       3.83       0.77  
Seix Floating Rate High Income Fund
  I Shares     1,000.00       1,061.70       2.62       0.51  
    A Shares     1,000.00       1,059.90       4.26       0.83  
    C Shares     1,000.00       1,057.70       7.64       1.49  
Seix Global Strategy Fund
  I Shares     1,000.00       1,030.60       4.15       0.82  
Seix High Yield Fund
  I Shares     1,000.00       1,088.10       2.50       0.48  
    A Shares     1,000.00       1,087.60       3.90       0.75  
    R Shares     1,000.00       1,084.30       5.09       0.98  
Short-Term Bond Fund
  I Shares     1,000.00       1,025.20       2.32       0.46  
    A Shares     1,000.00       1,022.90       3.43       0.68  
    C Shares     1,000.00       1,020.00       7.35       1.46  


267


 

 
ADDITIONAL INFORMATION (continued)

RIDGEWORTH FUNDS  March 31, 2010
(Unaudited)
 
                                     
        Beginning
  Ending
  Expenses Paid
  Expense Ratio
        Account Value
  Account Value
  During Period*
  During Period**
        10/01/09($)   03/31/10($)   10/01/09-03/31/10($)   10/01/09-03/31/10(%)
 
Short-Term U.S. Treasury Securities Fund
  I Shares     1,000.00       1,005.50       2.45       0.49  
    A Shares     1,000.00       1,004.70       3.25       0.65  
    C Shares     1,000.00       1,000.60       7.43       1.49  
Total Return Bond Fund
  I Shares     1,000.00       1,017.60       1.61       0.32  
    A Shares     1,000.00       1,015.70       2.81       0.56  
    R Shares     1,000.00       1,015.00       4.07       0.81  
Ultra-Short Bond Fund
  I Shares     1,000.00       1,016.50       1.76       0.35  
U.S. Government Securities Fund
  I Shares     1,000.00       998.50       2.79       0.56  
    A Shares     1,000.00       996.90       4.38       0.88  
    C Shares     1,000.00       993.50       7.75       1.56  
U.S. Government Securities Ultra-Short Bond Fund
  I Shares     1,000.00       1,010.10       1.50       0.30  
Virginia Intermediate Municipal Bond Fund
  I Shares     1,000.00       1,001.00       3.04       0.61  
    A Shares     1,000.00       1,000.20       3.74       0.75  
Prime Quality Money Market Fund
  I Shares     1,000.00       1,000.30       0.95       0.19  
    A Shares     1,000.00       1,000.10       1.15       0.23  
    C Shares     1,000.00       1,000.10       1.20       0.24  
Tax-Exempt Money Market Fund
  I Shares     1,000.00       1,000.50       1.00       0.20  
    A Shares     1,000.00       1,000.10       1.35       0.27  
U.S. Government Securities Money Market Fund
  I Shares     1,000.00       1,000.20       0.70       0.14  
    A Shares     1,000.00       1,000.10       0.85       0.17  
U.S. Treasury Money Market Fund
  I Shares     1,000.00       1,000.20       0.45       0.09  
    A Shares     1,000.00       1,000.10       0.55       0.11  
Virginia Tax-Free Money Market Fund
  I Shares     1,000.00       1,000.40       0.90       0.18  
    A Shares     1,000.00       1,000.10       1.15       0.23  
 
 
*     Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days in the most recent fiscal half-year divided by the number of days in the fiscal year.
 
**   Annualized.


268


 

 
ADDITIONAL INFORMATION (continued)
RIDGEWORTH FUNDS  March 31, 2010
(Unaudited)
 
Hypothetical Example
 
The table below provides information about hypothetical account values and hypothetical expenses based on each RidgeWorth Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
 
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs. Therefore, the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
 
                                     
        Beginning
  Ending
  Expenses Paid
  Expense Ratio
        Account Value
  Account Value
  During Period*
  During Period**
        10/01/09($)   03/31/10($)   10/01/09-03/31/10($)   10/01/09-03/31/10(%)
 
Corporate Bond Fund
  I Shares     1,000.00       1,022.39       2.57       0.51  
    A Shares     1,000.00       1,020.89       4.08       0.81  
    C Shares     1,000.00       1,017.40       7.59       1.51  
Georgia Tax-Exempt Bond Fund
  I Shares     1,000.00       1,021.94       3.02       0.60  
    A Shares     1,000.00       1,021.19       3.78       0.75  
High Grade Municipal Bond Fund
  I Shares     1,000.00       1,021.74       3.23       0.64  
    A Shares     1,000.00       1,020.99       3.98       0.79  
High Income Fund
  I Shares     1,000.00       1,021.44       3.53       0.70  
    A Shares     1,000.00       1,020.00       4.99       0.99  
    R Shares     1,000.00       1,018.95       6.04       1.20  
Intermediate Bond Fund
  I Shares     1,000.00       1,023.29       1.66       0.33  
    A Shares     1,000.00       1,022.14       2.82       0.56  
    R Shares     1,000.00       1,020.00       4.99       0.99  
Investment Grade Bond Fund
  I Shares     1,000.00       1,022.04       2.92       0.58  
    A Shares     1,000.00       1,020.44       4.53       0.90  
    R Shares     1,000.00       1,019.55       5.44       1.08  
Investment Grade Tax-Exempt Bond Fund
  I Shares     1,000.00       1,022.14       2.82       0.56  
    A Shares     1,000.00       1,020.74       4.23       0.84  
Limited Duration Fund
  I Shares     1,000.00       1,023.73       1.21       0.24  
Limited-Term Federal Mortgage Securities Fund
  I Shares     1,000.00       1,021.84       3.13       0.62  
    A Shares     1,000.00       1,020.84       4.13       0.82  
    C Shares     1,000.00       1,016.85       8.15       1.62  
Maryland Municipal Bond Fund
  I Shares     1,000.00       1,021.64       3.33       0.66  
    A Shares     1,000.00       1,020.89       4.08       0.81  
North Carolina Tax-Exempt Bond Fund
  I Shares     1,000.00       1,021.84       3.13       0.62  
    A Shares     1,000.00       1,021.09       3.88       0.77  
Seix Floating Rate High Income Fund
  I Shares     1,000.00       1,022.39       2.57       0.51  
    A Shares     1,000.00       1,020.79       4.18       0.83  
    C Shares     1,000.00       1,017.50       7.49       1.49  
Seix Global Strategy Fund
  I Shares     1,000.00       1,020.84       4.13       0.82  
Seix High Yield Fund
  I Shares     1,000.00       1,022.54       2.42       0.48  
    A Shares     1,000.00       1,021.19       3.78       0.75  
    R Shares     1,000.00       1,020.04       4.94       0.98  
Short-Term Bond Fund
  I Shares     1,000.00       1,022.64       2.32       0.46  
    A Shares     1,000.00       1,021.54       3.43       0.68  
    C Shares     1,000.00       1,017.65       7.34       1.46  
Short-Term U.S. Treasury Securities Fund
  I Shares     1,000.00       1,022.49       2.47       0.49  
    A Shares     1,000.00       1,021.69       3.28       0.65  
    C Shares     1,000.00       1,017.50       7.49       1.49  
Total Return Bond Fund
  I Shares     1,000.00       1,023.34       1.61       0.32  
    A Shares     1,000.00       1,022.14       2.82       0.56  
    R Shares     1,000.00       1,020.89       4.08       0.81  


269


 

 
ADDITIONAL INFORMATION (concluded)
RIDGEWORTH FUNDS  March 31, 2010
(Unaudited)
 
                                     
        Beginning
  Ending
  Expenses Paid
  Expense Ratio
        Account Value
  Account Value
  During Period*
  During Period**
        10/01/09($)   03/31/10($)   10/01/09-03/31/10($)   10/01/09-03/31/10(%)
 
Ultra-Short Bond Fund
  I Shares     1,000.00       1,023.19       1.77       0.35  
U.S. Government Securities Fund
  I Shares     1,000.00       1,022.14       2.82       0.56  
    A Shares     1,000.00       1,020.54       4.43       0.88  
    C Shares     1,000.00       1,017.15       7.85       1.56  
U.S. Government Securities Ultra-Short Bond Fund
  I Shares     1,000.00       1,023.44       1.51       0.30  
Virginia Intermediate Municipal Bond Fund
  I Shares     1,000.00       1,021.89       3.07       0.61  
    A Shares     1,000.00       1,021.19       3.78       0.75  
Prime Quality Money Market Fund
  I Shares     1,000.00       1,023.98       0.96       0.19  
    A Shares     1,000.00       1,023.78       1.16       0.23  
    C Shares     1,000.00       1,023.73       1.21       0.24  
Tax-Exempt Money Market Fund
  I Shares     1,000.00       1,023.93       1.01       0.20  
    A Shares     1,000.00       1,023.59       1.36       0.27  
U.S. Government Securities Money Market Fund
  I Shares     1,000.00       1,024.23       0.71       0.14  
    A Shares     1,000.00       1,024.08       0.86       0.17  
U.S. Treasury Money Market Fund
  I Shares     1,000.00       1,024.48       0.45       0.09  
    A Shares     1,000.00       1,024.38       0.56       0.11  
Virginia Tax-Free Money Market Fund
  I Shares     1,000.00       1,024.03       0.91       0.18  
    A Shares     1,000.00       1,023.78       1.16       0.23  
 
 
*     Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days in the most recent fiscal half-year divided by the number of days in the fiscal year.
 
**   Annualized.
 
Proxy Voting
 
Information regarding the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities is available without charge, upon request, by calling 1-888-784-3863. The information also is included in the Funds’ Statement of Additional Information, which is available on the Funds’ website at www.ridgeworth.com and on the Securities and Exchange Commission’s website at www.sec.gov.
 
Information relating to how each Fund voted proxies relating to portfolio securities held during the most recent twelve months ended June 30 is available on the Funds’ website at www.ridgeworth.com and on the Securities and Exchange Commission’s website at www.sec.gov.
 
Portfolio Holdings Information
 
The Funds file a complete list of their portfolio holdings with the Securities and Exchange Commission for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available free of charge on the Securities and Exchange Commission’s website at www.sec.gov. You may also review or, for a fee, copy those documents by visiting the Securities and Exchange Commission’s Public Reference Room in Washington, D.C. Information on the operation of the Public Reference Room may be obtained by calling the Securities and Exchange Commission at 1-202-551-8090.


270


 

Investment Adviser:
RidgeWorth Investments
50 Hurt Plaza, Suite 1400
Atlanta, GA 30303
www.ridgeworth.com
Investment Subadvisers:
Seix Investment Advisors LLC
10 Mountainview Road, Suite C-200
Upper Saddle River, NJ 07458
www.seixadvisors.com
StableRiver Capital Management LLC
50 Hurt Plaza, Suite 1300
Atlanta, GA 30303
www.stableriver.com
This information must be preceded or accompanied by a current prospectus for each Fund described. An investor should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about RidgeWorth Funds can be found in the Fund’s prospectus. For additional information, please call 1-888-784-3863, or visit www.ridgeworth.com. Please read the prospectus carefully before investing.
Distributor:
RidgeWorth Distributors LLC
Not FDIC Insured No Bank Guarantee May Lose Value
(RIDGEWORTH LOGO)


 

(GRAPHICS)
2010 Annual Report Institutional Money Market Funds March 31, 2010 RidgeWorth Investments® is the trade name of RidgeWorth Capital Management, Inc.

 


 

TABLE OF CONTENTS
RIDGEWORTH FUNDS March 31, 2010
         
    1  
 
Management Discussion of Fund Performance
       
 
    3  
    4  
    5  
    6  
 
       
Schedules of Portfolio Investments
    8  
 
       
Statements of Assets and Liabilities
    23  
 
       
Statements of Operations
    24  
 
       
Statements of Changes in Net Assets
    25  
 
       
Financial Highlights
    26  
 
       
Notes to Financial Statements
    27  
 
       
Report of Independent Registered Public Accounting Firm
    35  
 
       
Trustees and Officers of the RidgeWorth Funds
    36  
 
       
Additional Information
    38  

 


 

LETTER TO SHAREHOLDERS
March 31, 2010
Dear Valued RidgeWorth Funds Shareholder,
Another year has passed and we are happy to report that the economy and the markets are very much improved since our last annual assessment. We are also very pleased to report that the RidgeWorth Funds continued to perform exceptionally well, winning two major Lipper performance awards for 2010. We will speak in a bit more detail to each of these important topics before concluding with some thoughts on what we might expect in the coming year.
But before doing that, we want to begin by thanking you, our valued RidgeWorth Funds shareholders. All of our efforts and successes are focused on and dedicated to helping you achieve your investing goals, and we are grateful that you have placed your confidence in us. It is our mission to earn that trust through all that we do.
A year ago, the world was deeply worried and even fearful about the precipitous decline in the U.S. and global economies and financial markets. Indeed, the concerns were not limited to the decline in growth or the massive loss of jobs. Many markets had become severely impaired and illiquid, putting an indelible stamp on this period in our history. Much of the root cause of the decline was due to an extended period of excessive debt growth ending in an over-leveraged economy vulnerable to any significant weakness. Housing, perhaps the most leveraged industry and asset, was at the epicenter of the crisis.
The decline in U.S. output was the most severe in magnitude and of the longest duration of the post-War era. Industrial production fell over 14%, home building fell nearly 80% to the lowest level on record, and over 8 million jobs were eliminated lifting the unemployment to its highest level in a quarter century. Real estate prices in particular were hard hit, and the losses and foreclosures have not yet run their course. The size and scope of these challenges was unprecedented in modern times and required an extraordinary policy response.
The Federal Reserve (the “Fed”) took early action, going well beyond traditional interest rate cuts. The first step was to announce rates would remain low for an “extended period.” The next major effort was to create special lending vehicles to help restore liquidity to many nonfunctioning markets. The third major step was to purchase mortgage-backed and Treasury securities. These efforts helped provide life support for frozen markets. The federal government also stepped in with huge stimulus programs intended to build roads, help buy cars, and extend benefits to unemployed workers among other initiatives.
The turning point for the economy came as businesses finished cutting output to the bone at a time when record fiscal and monetary stimulus flooded the economy. Layoffs began to slow, production improved, and the economy began growing in the second half of 2009. However, the pace of the recovery so far has been weaker than average, despite the severity of the downturn, and it has taken on a somewhat different shape. High debt levels appear to be holding back consumer spending and the growth in housing so far, while falling revenues caused state and local government outlays to contract. The relative positives have been in a stronger than average rebound in corporate spending on equipment and software and in international trade, both imports and exports. The “slack” in the labor market and the continued high levels of idle production capacity kept a lid on inflation pressures in the face of record levels of stimulus spending.
The financial markets responded very positively to the shift in economic momentum and the major equity and fixed-income indexes performed well in the 12 months ended March 31, 2010, in stark contrast to the weak performance from the previous year. The S&P 500 Index1 generated a 49.73% total return for the period compared with a -38.06% return in the previous 12 months, while the Barclays Capital U.S. Aggregate Bond Index2 gained 7.69% versus a 3.13% increase.
As might be expected, the improvement in economic perceptions and expectations provided the most lift to the economically sensitive technology, industrial, financial, and consumer discretionary sectors, though all sectors recorded double-digit percentage gains. Mid-cap, small-cap, and international stocks experienced even stronger returns. Bond performance was dominated by higher liquidity and narrower credit spreads as investors moved away from the perceived safety of U.S. Treasuries. High Yield (Barclays Capital U.S. Corporate High Yield Bond Index3) and corporate bonds (Barclays Capital U.S. Corporate Investment Grade Index4) enjoyed 56.18% and 23.80% returns, respectively, during the period. REITs also benefited from healthier credit markets, with the FTSE NAREIT Equity REITs Index5 returning an impressive 106.68%.

1


 

The RidgeWorth Funds continued to perform well relative to peers. More than 70% of our long-term funds beat their Lipper Peer Group averages for each of the 3-, 5-, and 10-year periods ended March 31, 20106. In addition, RidgeWorth received two of the four “group awards” given to Small Companies at the 2010 Lipper Fund Awards ceremony held in New York on Wednesday, March 24. Lipper awarded RidgeWorth the Small Company “Overall” and “Mixed-Asset” Awards for the highest consistent return among qualifying small companies over the three-year period ended December 31, 2009.7 It is a great honor to be recognized for these awards by such a highly-regarded organization as Lipper.
We are working diligently to continue the RidgeWorth tradition of strong performance. The outlook for the economy is considerably brighter than it was a year ago during the depths of the recession, but there remain significant headwinds that will likely restrict the pace of growth for some time; including high consumer debt loads, a weak housing market, and the paying down of record federal deficits. Moreover, with the S&P 500 up over 70% from the 2009 low and bond credit spreads back down closer to historical norms, we believe the “easy money” has been made in the broad market advance. We expect a somewhat slower than normal pace of recovery because of the headwinds mentioned above, but inflation will likely remain relatively low and the Fed will be careful not to raise interest rates too quickly.
We believe the markets will continue to offer opportunities for investors, but they will be more selective and company specific; a market that fits well with the RidgeWorth bottom-up approach to security selection.
The past year has been good for the economy, the markets, and the RidgeWorth Funds. We wish to again thank you for your trust and confidence in us, and we look forward to another good year together.
Sincerely,
     
-s- David Eidson
  -s- Ashi Parikh
 
   
David Eidson
  Ashi Parikh
Chairman and CEO
  President and CIO
RidgeWorth Capital Management, Inc.
  RidgeWorth Capital Management, Inc.
 
1   The S&P 500 Index is widely regarded as a gauge of the U.S. equities market, this index includes 500 leading companies in leading industries of the U.S. economy. Although the S&P 500 focuses on the large cap segment of the market, with approximately 75% coverage of U.S. equities, it is also an ideal proxy for the total market.
 
2   Barclays Capital U.S. Aggregate Bond Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment-grade fixed-rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset- backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis.
 
3   Barclays Capital U.S. Corporate High Yield Bond Index covers the U.S. dollar-denominated, non-investment grade, fixed-rate, taxable corporate bond market. Securities are classified as high yield if the middle rating of Moody’s , Fitch , and S&P is Ba1/BB+/BB+ or below. The index excludes emerging markets debt.
 
4   Barclays Capital U.S. Corporate Index covers U.S. dollar-denominated, investment grade, fixed-rate, taxable securities sold by industrial, utility and financial issuers. It includes publicly issued U.S. corporate and foreign debentures and secured notes that meet specified maturity, liquidity, and quality requirements.
 
5   FTSE NAREIT Equity REITs Index is a capitalization-weighted index that spans the commercial real estate spaces across the U.S. economy.
 
6   For the period ended March 31, 2010, 37 out of 49 (1 year), 35 out of 46 (3 years), 34 out of 44 (5 years) and 23 out of 31 (10 years) Funds’ I Shares beat their respective Lipper peer group averages. Lipper rankings are based on total return and do not include a sales charge.
 
7   Lipper ratings for Consistent Return reflect funds’ historical risk-adjusted returns, adjusted for volatility, relative to peers. The ratings are subject to change every month and calculated for the following time periods: 3-year, 5-year, 10-year and overall. The overall calculation is based on an equal-weighted average of percentile ranks for the Consistent Return metrics over 3-year, 5-year and 10-year period (if applicable). The highest 20% of funds in each classification are named Lipper Leader for Consistent Return. The next 20% receive a rating of 4; the middle 20% are rated 3; the next 20% are rated 2, and the lowest 20% are rated 1. Lipper Leader© Thomson Reuters. All rights reserved.

2


 

INSTITUTIONAL CASH MANAGEMENT MONEY MARKET FUND
Portfolio Manager(s)
Michael G. Sebesta, CFA
Kim Maichle, CFA
Sonny Surkin
J.P. Yarusinski, CFA
Investment Concerns
An investment in the Fund is not insured or guaranteed by the FDIC or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
Management Discussion of Fund Performance
What factors influenced the Fund’s performance for the period ended March 31, 2010?
The Fund continues to invest in high-quality money market instruments. While short-term interest rates have remained at historical lows for most of the period ended March 31, 2010, the Fund benefited from yield curve positioning and security selection.
How do you plan to position the Fund, based on market conditions?
The Federal Reserve (the “Fed”) is expected to keep short-term interest rates very low for an “extended period of time.” However , we believe that with economic activity improving, the Fed will begin taking the steps necessary to raise rates later in 2010 or early in 2011. Therefore, we are positioning the Fund with a slightly shorter average maturity. We will continue to invest in high-quality money market investments.
Yields and Maturity Distribution
         
    Institutional
Yields (as of March 31, 2010)   Shares
 
7 Day Average Yield
    0.06 %
7 Day Effective Yield
    0.06 %
30 Day Average Yield
    0.05 %
Investment performance reflects voluntary and contractual fee waivers in effect. Voluntary fee waivers may be discontinued at any time. In the absence of such fee waivers, yields would be reduced and the 7 Day Average Yield, 7 Day Effective Yield, and the 30 Day Average Yield would have been 0.05%, 0.05% and 0.03%, respectively.
The yield quotation more closely reflects the current earnings of the Fund than the total return.
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. To obtain performance information current to the most recent month end, visit our website at www.ridgeworth.com.
Maturity Distribution (as of March 31, 2010)1
% of Portfolio
(PIE CHART)
 
1   Portfolio composition is subject to change

3


 

INSTITUTIONAL MUNICIPAL CASH RESERVE MONEY MARKET FUND
Portfolio Manager(s)
Michael G. Sebesta, CFA
Greg Hallman
Chris D. Carter, CFA
Investment Concerns
An investment in the Fund is not insured or guaranteed by the FDIC or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
The Fund’s income may be subject to certain state and local taxes, and depending on your tax status, the Federal Alternative Minimum Tax.
Management Discussion of Fund Performance
What factors influenced the Fund’s performance for the period ended March 31, 2010?
The Fund continues to invest in high-quality money market instruments. While short-term interest rates have remained at historical lows for most of the period ended March 31, 2010, the Fund benefited from yield curve positioning and security selection.
How do you plan to position the Fund, based on market conditions?
The Federal Reserve (the “Fed”) is expected to keep short-term interest rates very low for an “extended period of time.” However , we believe that with economic activity improving, the Fed will begin taking the steps necessary to raise rates later in 2010 or early in 2011. Therefore, we are positioning the Fund with a slightly shorter average maturity. We will continue to invest in high-quality money market investments.
Yields and Maturity Distribution
         
    Institutional  
Yields (as of March 31, 2010)   Shares  
   
7 Day Average Yield
    0.29 %
7 Day Effective Yield
    0.29 %
30 Day Average Yield
    0.24 %
Investment performance reflects voluntary and contractual fee waivers in effect. Voluntary fee waivers may be discontinued at any time. In the absence of such fee waivers, yields would be reduced and the 7 Day Average Yield, 7 Day Effective Yield and the 30 Day Average Yield would have been 0.06%, 0.06% and 0.04%, respectively.
The yield quotation more closely reflects the current earnings of the Fund than the total return.
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. To obtain performance information current to the most recent month end, visit our website at www.ridgeworth.com.
Maturity Distribution (as of March 31, 2010)1
% of Portfolio
(PIE CHART)
 
1   Portfolio composition is subject to change

4


 

INSTITUTIONAL U.S. GOVERNMENT SECURITIES MONEY MARKET FUND
Portfolio Manager(s)
Michael G. Sebesta, CFA
J.P. Yarusinski, CFA
Sonny Surkin
Kim Maichle, CFA
Investment Concerns
An investment in the Fund is not insured or guaranteed by the FDIC or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
U.S. Government guarantees apply only to the underlying securities of the Fund’s portfolio and not the Fund’s shares.
Management Discussion of Fund Performance
What factors influenced the Fund’s performance for the period ended March 31, 2010?
The Fund continues to invest in high-quality money market instruments. While short-term interest rates have remained at historical lows for most of the period ended March 31, 2010, the Fund benefited from yield curve positioning and security selection.
How do you plan to position the Fund, based on market conditions?
The Federal Reserve (the “Fed”) is expected to keep short-term interest rates very low for an “extended period of time.” However , we believe that with economic activity improving, the Fed will begin taking the steps necessary to raise rates later in 2010 or early in 2011. Therefore, we are positioning the Fund with a slightly shorter average maturity. We will continue to invest in high-quality money market investments.
Yields and Maturity Distribution
         
    Institutional
Yields (as of March 31, 2010)   Shares
 
7 Day Average Yield
    0.05 %
7 Day Effective Yield
    0.05 %
30 Day Average Yield
    0.05 %
Investment performance reflects voluntary and contractual fee waivers in effect. Voluntary fee waivers may be discontinued at any time. In the absence of such fee waivers, yields would be reduced and the 7 Day Average Yield, 7 Day Effective Yield and the 30 Day Average Yield would have been –%, –% and –%, respectively.
The yield quotation more closely reflects the current earnings of the Fund than the total return.
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. To obtain performance information current to the most recent month end, visit our website at www.ridgeworth.com.
Maturity Distribution (as of March 31, 2010)1
% of Portfolio
(PIE CHART)
 
1   Portfolio composition is subject to change

5


 

INSTITUTIONAL U.S. TREASURY SECURITIES MONEY MARKET FUND
Portfolio Manager(s)
Michael G. Sebesta, CFA
J.P. Yarusinski, CFA
Sonny Surkin
Kim Maichle, CFA
Investment Concerns
An investment in the Fund is not insured or guaranteed by the FDIC or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.
U.S. Government guarantees apply only to the underlying securities of the Fund’s portfolio and not the Fund’s shares.
Management Discussion of Fund Performance
What factors influenced the Fund’s performance for the period ended March 31, 2010?
The Fund continues to invest in high-quality money market instruments. While short-term interest rates have remained at historical lows for most of the period ended March 31, 2010, the Fund benefited from yield curve positioning and security selection.
How do you plan to position the Fund, based on market conditions?
The Federal Reserve (the “Fed”) is expected to keep short-term interest rates very low for an “extended period of time.” However , we believe that with economic activity improving, the Fed will begin taking the steps necessary to raise rates later in 2010 or early in 2011. Therefore, we are positioning the Fund with a slightly shorter average maturity. We will continue to invest in high-quality money market investments.
Yields and Maturity Distribution
                 
    Institutional   Corporate Trust
Yields (as of March 31, 2010)   Shares   shares
 
7 Day Average Yield
    0.04 %     0.02 %
7 Day Effective Yield
    0.04 %     0.02 %
30 Day Average Yield
    0.05 %     0.02 %
Investment performance reflects voluntary and contractual fee waivers in effect. Voluntary fee waivers may be discontinued at any time. In the absence of such fee waivers, yields would be reduced and the 7 Day Average Yield, 7 Day Effective Yield, and the 30 Day Average Yield would have been –%, –% and –% for Institutional Shares and –%, –% and –% for Corporate Trust Shares, respectively.
The yield quotation more closely reflects the current earnings of the Fund than the total return.
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. To obtain performance information current to the most recent month end, visit our website at www.ridgeworth.com.
Maturity Distribution (as of March 31, 2010)1
% of Portfolio
(PIE CHART)
 
1   Portfolio composition is subject to change

6


 

This page is intentionally left blank.

7


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Institutional Cash Management Money Market Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Certificates of Deposit (18.2%)
Banks (12.8%)
Bank of Nova Scotia, 0.180%, 04/01/10
    15,000       15,000  
Bank of Nova Scotia, 0.290%, 05/03/10
    16,300       16,300  
BNP Paribas,
0.230%, 04/12/10
    23,000       23,000  
BNP Paribas,
0.250%, 06/29/10
    20,000       20,000  
BNP Paribas,
0.290%, 08/17/10
    27,000       27,000  
Credit Agricole Corporate and Investment Bank,
0.200%, 05/27/10
    15,000       15,000  
Credit Agricole Corporate and Investment Bank,
0.260%, 06/24/10
    16,000       16,000  
National Australia Bank Ltd.,
0.235%, 06/18/10
    20,000       20,000  
Rabobank,
0.220%, 04/12/10
    15,000       15,000  
Rabobank,
0.290%, 05/18/10
    16,735       16,735  
Rabobank,
0.240%, 05/19/10
    28,000       28,000  
Rabobank,
0.270%, 07/20/10
    15,000       15,000  
Societe Generale,
0.247%, 04/13/10(a)(b)
    20,000       20,000  
Societe Generale,
0.215%, 05/19/10
    17,000       17,000  
Societe Generale,
0.220%, 06/02/10
    15,000       15,000  
Societe Generale,
0.310%, 09/17/10
    10,100       10,100  
Toronto-Dominion Bank,
0.230%, 04/10/10(a)(b)
    20,000       20,000  
Toronto-Dominion Bank,
0.270%, 05/10/10
    25,000       25,001  
Toronto-Dominion Bank,
0.330%, 05/17/10
    21,450       21,451  
Toronto-Dominion Bank,
0.260%, 07/14/10
    7,000       7,000  
Toronto-Dominion Bank,
0.270%, 08/31/10
    15,000       15,000  
                 
              377,587  
                 
Diversified Financial Services (5.4%)
Abbey National Treasury Services PLC,
0.240%, 04/11/10(a)(b)
    25,000       25,000  
Abbey National Treasury Services PLC,
0.400%, 09/24/10
    12,000       12,000  
Barclays Bank PLC,
0.250%, 04/12/10(a)(b)
    24,850       24,850  
Barclays Bank PLC,
0.245%, 08/25/10(a)
    20,000       20,000  
Barclays Bank PLC,
0.248%, 09/03/10(a)
    20,000       20,000  
Westpac Banking Corp.,
0.250%, 05/24/10
    23,000       23,000  
Westpac Banking Corp.,
0.220%, 06/11/10
    20,000       20,000  
Westpac Banking Corp.,
0.340%, 09/27/10
    15,000       15,000  
                 
              159,850  
                 
Total Certificates of Deposit
            537,437  
                 
Commercial Paper (48.8%)
Banks (5.9%)
Australia & New Zealand Banking Group,
0.160%, 04/15/10(c)(d)
    15,000       14,999  
Australia & New Zealand Banking Group,
0.180%, 05/03/10(c)(d)
    11,000       10,998  
Australia & New Zealand Banking Group,
0.190%, 05/17/10(c)(d)
    13,000       12,997  
Banco Santander Central Hispano SA,
0.321%, 04/09/10(c)
    15,000       14,999  
Banco Santander Central Hispano SA,
0.280%, 07/22/10(c)
    24,300       24,279  
HSBC Bank USA,
0.240%, 04/15/10(c)
    40,000       39,996  
HSBC Bank USA,
0.240%, 05/04/10(c)
    22,500       22,495  
HSBC Bank USA,
0.240%, 08/06/10(c)
    13,000       12,989  
Rabobank USA Financial Corp.,
0.190%, 04/06/10(c)
    20,000       20,000  
                 
              173,752  
                 
                 
 
See Notes to Financial Statements.


8


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Institutional Cash Management Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Consumer Staples (2.4%)
Procter & Gamble Co.,
0.130%, 04/09/10(c)(d)
    14,260       14,260  
Procter & Gamble Co.,
0.140%, 04/12/10(c)(d)
    23,500       23,499  
Procter & Gamble Co.,
0.170%, 04/20/10(c)(d)
    20,000       19,998  
Procter & Gamble Co.,
0.170%, 04/26/10(c)(d)
    15,000       14,998  
                 
              72,755  
                 
Diversified Financial Services (32.7%)
Allianz Finance Corp.,
0.150%, 04/08/10(c)(d)
    5,900       5,900  
Allianz Finance Corp.,
0.170%, 04/14/10(c)(d)
    10,000       9,999  
Allianz Finance Corp.,
0.170%, 05/04/10(c)(d)
    10,000       9,998  
Allianz Finance Corp.,
0.180%, 05/10/10(c)(d)
    15,000       14,997  
Allianz Finance Corp.,
0.170%, 06/10/10(c)(d)
    6,000       5,998  
Alpine Securitization Corp.,
0.150%, 04/01/10(c)(d)
    10,000       10,000  
Alpine Securitization Corp.,
0.180%, 04/20/10(c)(d)
    48,000       47,995  
American Honda Finance Corp.,
0.140%, 04/06/10(c)
    12,000       12,000  
American Honda Finance Corp.,
0.180%, 04/21/10(c)
    12,400       12,399  
American Honda Finance Corp.,
0.200%, 05/17/10(c)
    5,000       4,999  
American Honda Finance Corp.,
0.220%, 05/20/10(c)
    4,000       3,999  
BlackRock, Inc.,
0.190%, 04/01/10(c)(d)
    6,000       6,000  
BlackRock, Inc.,
0.190%, 04/22/10(c)(d)
    10,000       9,999  
BlackRock, Inc.,
0.230%, 06/01/10(c)(d)
    30,000       29,988  
CBA Delaware Finance, Inc.,
0.210%, 04/19/10(c)
    5,000       5,000  
CBA Delaware Finance, Inc.,
0.230%, 04/29/10(c)
    17,500       17,497  
CBA Delaware Finance, Inc.,
0.301%, 06/18/10(c)
    10,000       9,994  
CME Group, Inc.,
0.150%, 04/12/10(c)(d)
    20,000       19,999  
ENI Finance USA, Inc.,
0.180%, 04/19/10(c)(d)
    12,133       12,132  
ENI Finance USA, Inc.,
0.175%, 05/05/10(c)(d)
    17,500       17,497  
ENI Finance USA, Inc.,
0.220%, 05/17/10(c)(d)
    8,600       8,598  
ENI Finance USA, Inc.,
0.180%, 05/18/10(c)(d)
    9,000       8,998  
ENI Finance USA, Inc.,
0.240%, 06/07/10(c)(d)
    15,000       14,993  
Fairway Finance Corp.,
0.170%, 04/05/10(c)(d)
    3,000       3,000  
Fairway Finance Corp.,
0.190%, 04/06/10(c)(d)
    17,000       17,000  
Fairway Finance Corp.,
0.160%, 04/14/10(c)(d)
    12,000       11,999  
Fairway Finance Corp.,
0.220%, 05/17/10(c)(d)
    10,000       9,997  
Falcon Asset Securitization Corp.,
0.160%, 04/07/10(c)(d)
    9,000       9,000  
Falcon Asset Securitization Corp.,
0.160%, 04/19/10(c)(d)
    11,000       10,999  
Falcon Asset Securitization Corp.,
0.210%, 05/13/10(c)(d)
    10,000       9,998  
Falcon Asset Securitization Corp.,
0.220%, 05/18/10(c)(d)
    17,000       16,995  
General Electric Capital Corp.,
0.190%, 06/21/10(c)
    17,000       16,993  
JPMorgan Chase & Co.,
0.270%, 04/06/10(c)(d)
    10,000       10,000  
JPMorgan Chase & Co.,
0.150%, 04/20/10(c)
    24,000       23,998  
JPMorgan Chase & Co.,
0.250%, 07/08/10(c)
    20,000       19,986  
KfW, 0.160%, 05/12/10(c)(d)
    11,000       10,998  
KfW, 0.220%, 06/04/10(c)(d)
    30,000       29,988  
KfW, 0.190%, 06/14/10(c)(d)
    20,000       19,992  
Liberty Street Funding Corp.,
0.170%, 04/01/10(c)(d)
    13,500       13,500  
Liberty Street Funding Corp.,
0.190%, 04/15/10(c)(d)
    7,000       7,000  
Liberty Street Funding Corp.,
0.200%, 05/17/10(c)(d)
    3,260       3,259  
Market Street Funding Corp.,
0.180%, 04/16/10(c)(d)
    4,150       4,150  
 
See Notes to Financial Statements.


9


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Institutional Cash Management Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Diversified Financial Services—continued
                 
Market Street Funding Corp.,
0.180%, 04/21/10(c)(d)
    7,853       7,852  
Market Street Funding Corp.,
0.200%, 04/23/10(c)(d)
    15,000       14,998  
Market Street Funding Corp.,
0.200%, 04/26/10(c)(d)
    5,000       4,999  
National Australia Funding LLC,
0.180%, 04/05/10(c)(d)
    10,000       10,000  
National Australia Funding LLC,
0.180%, 04/19/10(c)(d)
    15,000       14,999  
Nestle Finance International Ltd.,
0.240%, 06/30/10(c)
    20,000       19,988  
New York Life Insurance Capital Corp.,
0.160%, 04/06/10(c)(d)
    8,000       8,000  
Old Line Funding LLC,
0.180%, 04/15/10(c)(d)
    14,000       13,999  
Old Line Funding LLC,
0.170%, 04/16/10(c)(d)
    17,114       17,113  
Park Avenue Receivables Corp.,
0.160%, 04/08/10(c)(d)
    10,000       10,000  
Park Avenue Receivables Corp.,
0.170%, 04/16/10(c)(d)
    13,000       12,999  
Park Avenue Receivables Corp.,
0.200%, 04/27/10(c)(d)
    20,000       19,997  
Park Avenue Receivables Corp.,
0.180%, 05/05/10(c)(d)
    4,000       3,999  
Southern Pacific Funding Corp.,
0.160%, 04/06/10(c)(d)
    12,000       12,000  
Southern Pacific Funding Corp.,
0.160%, 04/09/10(c)(d)
    12,000       12,000  
Southern Pacific Funding Corp.,
0.180%, 04/13/10(c)(d)
    10,000       9,999  
Straight-A Funding LLC,
0.170%, 04/07/10(c)(d)
    8,000       8,000  
Straight-A Funding LLC,
0.160%, 04/16/10(c)(d)
    9,139       9,138  
Straight-A Funding LLC,
0.170%, 04/26/10(c)(d)
    15,027       15,025  
Straight-A Funding LLC,
0.170%, 05/03/10(c)(d)
    6,030       6,029  
Straight-A Funding LLC,
0.190%, 05/11/10(c)(d)
    15,000       14,997  
Straight-A Funding LLC,
0.190%, 05/19/10(c)(d)
    10,000       9,998  
Straight-A Funding LLC,
0.190%, 05/27/10(c)(d)
    12,000       11,996  
Straight-A Funding LLC,
0.200%, 06/03/10(c)(d)
    5,072       5,070  
Straight-A Funding LLC,
0.210%, 06/10/10(c)(d)
    11,500       11,495  
Total Capital SA,
0.220%, 06/28/10(c)(d)
    44,000       43,976  
Toyota Motor Credit Corp.,
0.190%, 04/05/10(c)
    30,000       29,999  
UBS Finance Delaware LLC,
0.070%, 04/01/10(c)
    45,000       45,000  
Unilever Capital Corp.,
0.115%, 04/14/10(c)(d)
    17,500       17,499  
                 
              968,995  
                 
Health Care (2.2%)
Abbott Laboratories,
0.130%, 04/12/10(c)(d)
    4,000       4,000  
Abbott Laboratories,
0.140%, 04/23/10(c)(d)
    15,000       14,999  
Abbott Laboratories,
0.130%, 05/10/10(c)(d)
    13,000       12,998  
Abbott Laboratories,
0.180%, 05/18/10(c)(d)
    16,000       15,996  
Roche Holdings, Inc.,
0.170%, 04/08/10(c)(d)
    17,000       16,999  
                 
              64,992  
                 
Information Technology (1.6%)
IBM Corp.,
0.140%, 04/01/10(c)(d)
    32,024       32,024  
Oracle Corp.,
0.150%, 05/14/10(c)(d)
    15,000       14,997  
                 
              47,021  
                 
Utilities (4.0%)
ConocoPhillips,
0.100%, 04/01/10(c)(d)
    26,000       26,000  
E.ON AG,
0.200%, 05/21/10(c)(d)
    40,000       39,989  
E.ON AG,
0.230%, 06/07/10(c)(d)
    3,500       3,498  
E.ON AG,
0.230%, 06/16/10(c)(d)
    3,500       3,498  
GDF Suez,
0.170%, 04/08/10(c)(d)
    14,500       14,500  
 
See Notes to Financial Statements.


10


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Institutional Cash Management Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Utilities—continued
                 
GDF Suez,
0.210%, 05/03/10(c)(d)
    20,000       19,996  
GDF Suez,
0.190%, 05/04/10(c)(d)
    12,000       11,998  
                 
              119,479  
                 
Total Commercial Paper
            1,446,994  
                 
Corporate Bonds (5.7%)
Banks (4.0%)
Bank of New York Mellon Corp. (The), Ser G, MTN,
0.303%, 06/29/10(a)
    8,710       8,711  
Bank of Nova Scotia,
0.180%, 05/20/10(c)
    16,000       15,996  
International Bank for Reconstruction & Development (The), 0.140%, 04/19/10(c)
    15,000       14,999  
International Bank for Reconstruction & Development (The), 0.170%, 05/07/10(c)
    60,000       59,990  
Wachovia Corp., Ser G, MTN,
0.290%, 04/01/10(a)(b)
    15,006       15,009  
Wachovia Corp., Ser G, MTN,
0.326%, 04/26/10(a)(b)
    2,500       2,501  
                 
              117,206  
                 
Diversified Financial Services (1.2%)
JPMorgan Chase & Co.,
0.421%, 04/17/10(a)(b)
    5,008       5,014  
JPMorgan Chase & Co., MTN,
0.301%, 06/22/10(a)
    6,806       6,807  
JPMorgan Chase & Co., Ser C, MTN,
0.278%, 04/08/10(a)(b)
    10,000       9,997  
Westpac Banking Corp.,
0.180%, 05/13/10(c)(d)
    15,000       14,997  
                 
              36,815  
                 
Diversified Operations (0.5%)
3M Co., 5.610%, 12/12/10(a)(d)
    13,935       14,445  
                 
Total Corporate Bonds
            168,466  
                 
Municipal Bonds (12.2%)
Alaska (0.4%)
Valdez Alaska Marine Terminal, Exxon Pipeline Co. Project, RB,
0.240%, 04/07/10(a)(b)
    13,500       13,500  
                 
California (2.5%)
California Infrastructure & Economic Development Bank, Pacific Gas & Electric Co., Ser C, RB,
0.280%, 04/01/10, LOC:
               
Wells Fargo Bank N.A.(a)(b)
    11,000       11,000  
California Municipal Finance Authority Exempt Facilities, Exxon Mobil Corp. Project, RB,
0.280%, 04/01/10, AMT(a)(b)
    5,700       5,700  
California Pollution Control Financing Authority, Exxon Mobil Corp. Project, RB, 0.270%, 04/01/10(a)(b)
    6,850       6,850  
California Pollution Control Financing Authority, Solid Waste Disposal, Ser A, RB, 0.300%, 04/07/10, LOC: JPMorgan Chase & Co., AMT(a)(b)
    5,400       5,400  
California State Department of Water Resources Power Supply, Ser B-6, RB, 0.260%, 04/01/10, LOC: State Street Banking & Trust Co.(a)(b)
    12,460       12,460  
California State Economic Recovery, Ser C-5, GO,
0.300%, 04/01/10, LOC:
               
Bank of America N.A.(a)(b)
    11,000       11,000  
Irvine Ranch Water District, Ser A, GO,
0.230%, 04/01/10, LOC: U.S. Bank N.A.(a)(b)
    5,800       5,800  
San Jose Redevelopment Agency Tax Allocation, Ser D, 0.180%, 04/07/10, LOC: Bank of New York, AMT(a)(b)
    10,000       10,000  
Western Municipal Water Districts Facilities Authority, Ser A, RB, 0.270%, 04/01/10, LOC:
               
U.S. Bank N.A.(a)(b)
    5,000       5,000  
                 
              73,210  
                 
                 
 
See Notes to Financial Statements.


11


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Institutional Cash Management Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
District of Columbia (0.4%)
Metropolitan Washington Airports,
0.300%, 10/07/10
    10,000       10,000  
                 
Florida (0.2%)
Jacksonville Health Facilities Authority, Southern Baptist Hospital of Florida, Inc., Ser E, RB,
0.270%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    4,000       4,000  
Miami-Dade County Industrial Development Authority, South Florida Stadium Corp., RB,
0.250%, 04/01/10, LOC:
               
TD Bank N.A.(a)(b)
    1,750       1,750  
                 
              5,750  
                 
Georgia (0.3%)
Glynn-Brunswick Memorial Hospital Authority, Kings Bay Community Hospital, Inc., Ser B, RB,
0.270%, 04/01/10, LOC: Branch Banking & Trust Co.(a)(b)
    8,190       8,190  
                 
Illinois (1.1%)
Illinois Finance Authority, Chicago Symphony Orchestra, RB,
0.290%, 04/01/10, LOC:
               
U.S. Bank N.A.(a)(b)
    15,000       15,000  
Illinois Finance Authority, Elmhurst Memorial Healthcare, Ser D, RB,
0.270%, 04/07/10, LOC:
               
Northern Trust Co.(a)(b)
    9,000       9,000  
Illinois Finance Authority, OSF Healthcare System, Ser C, RB,
0.270%, 04/07/10, LOC:
               
Wells Fargo Bank N.A.(a)(b)
    2,800       2,800  
Joliet Regional Port District Marine Terminal, Exxon Mobil Corp. Project, RB,
0.240%, 04/01/10(a)(b)
    6,445       6,445  
                 
              33,245  
                 
Kentucky (0.3%)
Boone County Pollution Control, Duke Energy Kentucky, Inc. Project, Ser A, RB,
0.250%, 04/07/10, LOC:
               
Wells Fargo Bank N.A.(a)(b)
    3,500       3,500  
Kentucky Economic Development Finance Authority, Baptist Healthcare System, Inc., Ser B-3, RB,
0.250%, 04/07/10, LOC:
               
Branch Banking & Trust Co.(a)(b)
    5,000       5,000  
Kentucky Economic Development Finance Authority, Baptist Healthcare System, Inc., Ser B-4, RB,
0.270%, 04/01/10, LOC:
               
Branch Banking & Trust Co.(a)(b)
    2,000       2,000  
                 
              10,500  
                 
Maryland (0.3%)
Maryland Industrial Development Financing Authority Port Facilities, Occidental Petroleum Corp., RB,
0.260%, 04/01/10(a)(b)
    5,000       5,000  
Maryland State Health & Higher Education Facilities Authority, Frederick Memorial Hospital, RB,
0.310%, 04/07/10, LOC:
               
Branch Banking & Trust Co.(a)(b)
    4,000       4,000  
                 
              9,000  
                 
Mississippi (0.2%)
Mississippi Business Finance Commission Gulf Opportunity Zone, Chevron USA, Inc. Project, Ser A, RB, 0.260%, 04/01/10(a)(b)
    5,000       5,000  
                 
                 
 
See Notes to Financial Statements.


12


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Institutional Cash Management Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Missouri (0.4%)
Missouri State Health & Educational Facilities Authority, St. Luke’s Health System, Inc., Ser A, RB,
0.300%, 04/07/10, LOC:
               
Bank of America N.A.(a)(b)
    7,600       7,600  
St. Joseph Industrial Development Authority Health Facilities, Heartland Regional Medical Center, Ser A, RB,
0.270%, 04/07/10, LOC: U.S. Bank N.A.(a)(b)
    6,000       6,000  
                 
              13,600  
                 
New Mexico (0.1%)
New Mexico Educational Assistance Foundation, Ser A-1, RB,
0.320%, 04/07/10, Guaranteed Student Loans, AMT(a)(b)
    4,000       4,000  
                 
New York (0.2%)
Troy Industrial Development Authority Civic Facility, Rensselaer Polytechnical Institute, Ser B, RB,
0.300%, 04/01/10, LOC:
               
Bank of America N.A.(a)(b)
    4,800       4,800  
                 
Oregon (0.2%)
Clackamas County Hospital Facility Authority, Legacy Health System, Ser A, RB,
0.270%, 04/07/10, LOC:
               
U.S. Bank N.A.(a)(b)
    5,000       5,000  
                 
Pennsylvania (1.8%)
Allegheny County Hospital Development Authority, University of Pittsburgh Medical Center, Ser C, RB,
0.260%, 04/07/10, LOC:
               
PNC Bank N.A.(a)(b)
    2,600       2,600  
Bucks County Industrial Development Authority Hospital Revenue, Grand View Hospital, Ser B, RB,
0.270%, 04/01/10, LOC:
               
PNC Bank N.A.(a)(b)
    16,000       16,000  
Pennsylvania Housing Finance Agency, Single Family Mortgage, Ser 85C, RB, 0.260%, 04/07/10, LOC: FNMA, FHLMC, AMT(a)(b)
    4,545       4,545  
Pennsylvania State Higher Educational Facilities Authority, Gannon University, RB,
0.290%, 04/01/10, LOC:
               
PNC Bank N.A.(a)(b)
    1,975       1,975  
Philadelphia Authority for Industrial Development, Bakers Bay Elderly Associates, RB,
0.290%, 04/01/10, GNMA(a)(b)
    1,815       1,815  
Philadelphia School District, Subser A-3, GO,
0.300%, 04/01/10, LOC: Bank of America N.A.(a)(b)
    6,600       6,600  
Philadelphia, Ser B, GO,
0.260%, 04/01/10, LOC:
               
Wells Fargo Bank N.A.(a)(b)
    12,250       12,250  
Pittsburgh Water & Sewer Authority, First Lien, Ser B2, RB,
0.290%, 04/01/10, LOC:
               
PNC Bank N.A.(a)(b)
    8,125       8,125  
                 
              53,910  
                 
Tennessee (0.3%)
Vanderbilt University,
0.250%, 07/02/10
    10,000       10,000  
                 
Texas (1.1%)
Gulf Coast Waste Disposal Authority Pollution Control, Exxon Mobil Corp. Project, RB, 0.240%, 04/01/10(a)(b)
    18,000       18,000  
Harris County Industrial Development Corp. Pollution Control, RB, 0.240%, 04/01/10(a)(b)
    5,000       5,000  
Harris County Industrial Development Corp. Pollution Control, RB, 0.240%, 04/01/10(a)(b)
    9,760       9,760  
                 
              32,760  
                 
                 
 
See Notes to Financial Statements.


13


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Institutional Cash Management Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Virginia (0.5%)
Chesapeake Bay Bridge & Tunnel District, Ser A, RB,
0.280%, 04/01/10, LOC:
               
Banking & Trust Co.(a)(b)
    5,000       5,000  
Hanover County Economic Development Authority, Bon Secours-Maria Manor Nursing Care Center, Inc., Ser D-2, RB, 0.270%, 04/07/10, LOC: U.S. Bank N.A.(a)(b)
    9,725       9,725  
                 
              14,725  
                 
West Virginia (0.1%)
West Virginia State Hospital Finance Authority, West Virginia University Hospitals, Inc., Ser A, RB,
0.270%, 04/01/10, LOC:
               
Branch Banking & Trust Co.(a)(b)
    2,600       2,600  
                 
Wisconsin (1.6%)
University Hospitals & Clinics Authority, Ser B, RB,
0.280%, 04/01/10, GO of Authority(a)(b)
    15,450       15,450  
Wisconsin State Health & Educational Facilities Authority, Aurora Health Care Metro, Inc., Ser B, RB,
0.260%, 04/01/10, LOC:
               
U.S. Bank N.A.(a)(b)
    8,000       8,000  
Wisconsin State Health & Educational Facilities Authority, National Regency of New Berlin, Inc., RB, 0.320%, 04/01/10, LOC: JPMorgan Chase & Co.(a)(b)
    3,000       3,000  
Wisconsin State Health & Educational Facilities Authority, Wheaton Franciscan Services, Ser B, RB, 0.260%, 04/07/10, LOC: U.S. Bank N.A.(a)(b)
    19,990       19,990  
                 
              46,440  
                 
Wyoming (0.2%)
Lincoln County Pollution Control, Exxon Mobil Corp. Project, Ser D, RB,
0.240%, 04/01/10(a)(b)
    6,400       6,400  
                 
Total Municipal Bonds
            362,630  
                 
U.S. Government Agencies (9.5%)
Federal Farm Credit Bank (1.9%)
0.198%, 04/03/10(a)(b)
    20,000       20,000  
0.188%, 04/04/10(a)(b)
    35,000       35,000  
                 
              55,000  
                 
Federal Home Loan Bank (3.9%)
0.500%, 10/05/10, Callable 04/05/10 @ 100(e)
    23,000       22,998  
0.500%, 10/18/10(e)
    15,000       15,006  
0.410%, 12/29/10, Callable 06/29/10 @ 100
    25,000       25,000  
0.500%, 03/14/11, Callable 08/26/10 @ 100
    10,000       10,000  
0.550%, 04/12/11, Callable 04/26/10 @ 100
    20,250       20,250  
0.570%, 04/13/11, Callable 06/29/10 @ 100
    16,000       16,000  
0.600%, 04/20/11, Callable 05/05/10 @ 100Ù
    6,500       6,500  
                 
              115,754  
                 
Federal Home Loan Mortgage Corporation (1.8%)
0.140%, 05/26/10(c)
    30,000       29,994  
0.281%, 10/27/10(c)
    25,000       24,960  
                 
              54,954  
                 
Federal National Mortgage Association (1.9%)
0.141%, 04/13/10(a)(b)(e)
    35,000       34,994  
0.120%, 04/14/10(c)
    20,000       19,999  
                 
              54,993  
                 
Total U.S. Government Agencies
    280,701  
         
Short-Term Investment (0.1%)
Brown Brothers Harriman & Co., Cayman Islands Cash Sweep,
0.030%, 04/01/10(a)
    2,348       2,348  
                 
Total Short-Term Investment
            2,348  
                 
Money Market Fund (2.4%)
JPMorgan U.S. Government Money Market Fund
    70,000,000       70,000  
                 
Total Money Market Fund
            70,000  
                 
                 
 
See Notes to Financial Statements.


14


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Institutional Cash Management Money Market Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Time Deposits (5.5%)
Banks (5.5%)
BNP Paribas,
0.100%, 04/01/10(a)
    70,005       70,005  
Calyon,
0.100%, 04/01/10(a)
    47,009       47,009  
Societe Generale,
0.010%, 04/01/10(a)
    46,016       46,016  
                 
Total Time Deposits
            163,030  
                 
Total Investments (Cost $3,031,606)(f) — 102.4%
    3,031,606  
Liabilities in excess of other assets — (2.4)%
            (70,535 )
                 
Net Assets — 100.0%
          $ 2,961,071  
                 
 
Ù
Security purchased on a when-issued basis.
 
(a) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(b) The date shown reflects the next interest rate reset date. Such dates are considered the effective maturity for the purpose of the Fund’s weighted average maturity.
 
(c) Rate represents the effective yield at purchase.
 
(d) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 37.8% of net assets as of March 31, 2010.
 
(e) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(f) Aggregate cost for federal income tax and financial reporting purposes is substantially the same.
 
AMT — Income subject to Alternative Minimum Tax
 
FHLMC — Security guaranteed by Federal Home Loan Mortgage Corporation
 
FNMA — Security guaranteed by Federal National Mortgage Association
 
GNMA — Security guaranteed by Government National Mortgage Association
 
GO — General Obligation
 
LOC — Letter of Credit
 
MTN — Medium Term Note
 
RB — Revenue Bond
 
See Notes to Financial Statements.


15


 

SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Institutional Municipal Cash Reserve Money Market Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Municipal Bonds (96.4%)
Alabama (6.4%)
Mobile Industrial Development Board, Alabama Power Co., Barry Plant Project, Ser B, RB, 0.360%, 04/01/10, AMT(a)(b)
    2,000       2,000  
West Jefferson Industrial Development Board Pollution Control, Power Co. Project, RB, 0.330%, 04/06/10(a)(b)(c)
    2,290       2,290  
                 
              4,290  
                 
Arkansas (5.0%)
West Memphis Public Facilities Board Multifamily, Housing Meadows Apartments Project, RB, 0.380%, 04/01/10, FHLMC, AMT(a)(b)
    3,350       3,350  
                 
Colorado (4.7%)
Denver City & County Airport, Ser C, RB, 0.320%, 04/07/10, LOC: Lloyds TSB Bank PLC, AMT(a)(b)
    3,150       3,150  
                 
Delaware (6.0%)
Delaware State Economic Development Authority, Peninsula United, Ser A, RB, 0.300%, 04/01/10, LOC: PNC Bank N.A.(a)(b)
    4,000       4,000  
                 
District of Columbia (0.6%)
Metropolitan Washington D.C. Airports Authority, Airport System, Ser A, RB,
5.500%, 10/01/10, NATL-RE/FGIC, AMT
    385       394  
                 
Florida (3.3%)
Florida Housing Finance Corp. Multifamily Mortgage, Cutler Riverside Preservation LP, RB, 0.320%, 04/01/10, FHLMC, AMT(a)(b)
    1,000       1,000  
Osceola County School Board, Ser A, COP,
3.000%, 06/01/10, AGM
    1,175       1,180  
                 
              2,180  
                 
Georgia (2.6%)
Private Colleges & Universities Authority, Agnes Scott College, RB, 4.000%, 06/01/10
    1,000       1,005  
Valdosta-Lowndes County Industrial Development Authority, Martins Famous Pastry, Ser A, RB, 0.450%, 04/01/10, LOC:
               
Wells Fargo Bank N.A., AMT(a)(b)
    750       750  
                 
              1,755  
                 
Indiana (1.0%)
Indiana State Finance Authority, Ascension Health, Ser E5, RB, 0.330%, 11/15/36, Mandatory Put 06/15/10 @ 100
    220       220  
Indiana State Finance Authority, Ascension Health, Ser E7, RB, 0.330%, 11/15/36, Mandatory Put 06/15/10 @ 100
    220       220  
Indiana State Finance Authority, Ascension Health, Ser E8, RB, 0.330%, 11/15/36, Mandatory Put 06/15/10 @ 100
    220       220  
                 
              660  
                 
Kentucky (4.5%)
Kentucky Public Energy Authority, Gas Supply, Ser A, RB,
0.280%, 04/01/10(a)(b)
    3,000       3,000  
                 
Maryland (3.4%)
Maryland State Community Development, Administration Department Housing & Community Development, Ser 1206, RB,
0.390%, 04/01/10, LIQ FAC: JPMorgan Chase & Co., AMT(a)(b)(d)
    1,710       1,710  
University System of Maryland, Ser A, RB,
0.550%, 07/01/23, Mandatory Put 06/01/10 @ 100
    560       560  
                 
              2,270  
                 
Massachusetts (0.7%)
Massachusetts Health & Educational Facilities Authority, Amherst College, Ser H, RB, 0.480%, 11/01/33, Mandatory Put 07/08/10 @ 100
    485       485  
                 
                 
 
See Notes to Financial Statements.


16


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)

Institutional Municipal Cash Reserve Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Michigan (1.8%)
Michigan State Hospital Finance Authority, Ascension Health Credit Group, Ser B1, RB, 0.280%, 05/04/10(a)(b)
    475       475  
Michigan State, COP,
5.500%, 06/01/18, Prerefunded 06/01/10 @ 100, AMBAC
    725       731  
                 
              1,206  
                 
Minnesota (0.5%)
Rochester Health Care Facilities, Mayo Clinic, Ser D, RB,
0.700%, 11/15/38, Mandatory Put 04/01/10 @ 100
    300       300  
                 
Mississippi (2.4%)
Mississippi Business Finance Corp., Solid Waste Disposal, Mississippi Power Co., RB, 0.370%, 04/01/10, AMT(a)(b)
    1,020       1,020  
Mississippi Hospital Equipment & Facilities Authority, Baptist Memorial Health Care Corp., Ser B2, RB,
0.270%, 06/03/10(a)(b)
    550       550  
                 
              1,570  
                 
New Mexico (1.5%)
New Mexico Educational Assistance Foundation, Ser A, RB, 0.320%, 04/07/10, LOC: Royal Bank of Canada, AMT(a)(b)
    1,000       1,000  
                 
New York (5.0%)
New York Liberty Development Corp., World Trade Center Project, Ser A, RB,
0.500%, 12/01/49, Callable 10/12/10 @ 100(b)
    3,335       3,336  
                 
North Carolina (4.2%)
Alamance County, GO,
4.100%, 05/01/10
    700       702  
Guilford County Industrial Facilities & Pollution Control Financing Authority, Snider Tire, Inc., RB, 0.450%, 04/01/10, LOC:
               
Wells Fargo Bank N.A., AMT(a)(b)
    1,800       1,800  
Union County Industrial Facilities & Pollution Control Financing Authority, C&M No. 1 Investment Partnership, RB, 0.450%, 04/01/10, LOC: Bank of America N.A., AMT(a)(b)
    300       300  
                 
              2,802  
                 
Pennsylvania (5.7%)
Beaver County Industrial Development Authority Pollution Control, Electric Co. Project, Ser B, RB, 0.340%, 04/01/10, LOC: Bank of Nova Scotia, AMT(a)(b)
    1,000       1,000  
Pennsylvania Economic Development Financing Authority Tax-Exempt Facilities, Water Co. Project, Ser A, RB, 0.330%, 04/01/10, LOC:
               
PNC Bank N.A., AMT(a)(b)
    2,000       2,000  
Pennsylvania State University, Ser B, RB, 1.500%, 06/01/31, Mandatory Put 06/01/10 @ 100
    800       801  
                 
              3,801  
                 
Puerto Rico (1.5%)
Children’s Trust Fund (The), Tobacco Settlement Funded, RB, 5.750%, 07/01/14, Prerefunded 07/01/10 @ 100
    1,000       1,012  
                 
South Carolina (4.5%)
South Carolina Jobs-Economic Development Authority Industrial Development, South Carolina Generating Co., Inc. Project, RB, 0.350%, 04/01/10, LOC: Branch Banking & Trust, AMT(a)(b)
    3,000       3,000  
                 
Tennessee (6.2%)
Metropolitan Government Nashville & Davidson County, Health & Educational Facility Board, Pedcor Investments-2006-XCII LP, Ser A, RB, 0.330%, 04/01/10, LOC:
               
U.S. Bank N.A., AMT(a)(b)
    3,000       3,000  
 
See Notes to Financial Statements.


17


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)

Institutional Municipal Cash Reserve Money Market Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Tennessee—continued
                 
Metropolitan Government Nashville & Davidson County, Health & Educational Facility Board, Vanderbilt University, Ser B-3, RB, 5.000%, 10/01/44, Callable 04/01/10 @ 100, NATL-RE(b)
    215       215  
Tennessee Housing Development Agency, Homeownership Program, Ser 2, RB,
0.900%, 07/01/10
    890       890  
                 
              4,105  
                 
Texas (3.1%)
Harris County Texas Cultural Educational, RB,
0.400%, 06/03/10
    1,460       1,460  
Harris County, Toll Road Senior Lien, Ser B-2, RB,
2.000%, 08/15/21, Mandatory Put 08/12/10 @ 100
    585       588  
                 
              2,048  
                 
Virginia (20.0%)
Emporia Industrial Development Authority, Toll III LP Project, RB, 0.450%, 04/01/10, LOC:
               
Bank of America N.A., AMT(a)(b)
    2,300       2,300  
JPMorgan Chase Putters/Drivers Trust, Ser 3444, RB,
0.370%, 04/01/10, LIQ FAC: JPMorgan Chase & Co. (a)(b)(d)
    3,000       3,000  
Prince William County Industrial Development Authority, Mediatech, Inc., RB,
0.360%, 04/06/10, LOC:
               
Branch Banking & Trust, AMT(a)(b)
    3,730       3,730  
Surry County Industrial Development Authority, Windsor Mill Project, RB,
0.450%, 04/01/10, LOC: Wells Fargo Bank N.A., AMT(a)(b)
    1,045       1,045  
Virginia State Housing Development Authority, Ser B-19, RB, 2.290%, 04/07/10, SPA: Wells Fargo Bank N.A., AMT(a)(b)(d)
    3,240       3,240  
                 
              13,315  
                 
Washington (1.8%)
JPMorgan Chase Putters/Drivers Trust, Ser 3468, RB,
0.390%, 04/01/10, BHAC-CR/NATL-RE, LIQ FAC: JPMorgan Chase & Co., AMT(a)(b)(d)
    1,200       1,200  
                 
Total Municipal Bonds
            64,229  
                 
Money Market Fund (0.3%)
Dreyfus Tax-Exempt Cash Management Fund
    184,905       185  
                 
Total Money Market Fund
            185  
                 
Total Investments (Cost $64,414)(e) — 96.7%
            64,414  
Other assets in excess of
liabilities — 3.3%
            2,202  
                 
Net Assets — 100.0%
          $ 66,616  
                 
 
(a) The date shown reflects the next interest rate reset date. Such dates are considered the effective maturity for the purpose of the Fund’s weighted average maturity.
 
(b) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(c) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(d) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 13.7% of net assets as of March 31, 2010.
 
(e) Aggregate cost for federal income tax and financial reporting purposes is substantially the same.
 
AGM
— Security guaranteed by Assured Guaranteed Municipal Corporation
 
AMBAC — Security guaranteed by American Municipal Bond Assurance Corporation
 
AMT — Income subject to Alternative Minimum Tax
 
BHAC-CR — Berkshire Hathaway Assurance Corporation Custodial Receipts
 
COP — Certificate of Participation
 
FGIC — Security guaranteed by Financial Guaranty Insurance Company
 
FHLMC — Security guaranteed by Federal Home Loan Mortgage Corporation
 
GO — General Obligation
 
LIQ FAC — Liquidity Facilities
 
LOC — Letter of Credit
 
NATL-RE — Reinsurance provided by National Public Finance Guarantee Corporation
 
RB — Revenue Bond
 
SPA — Standby Purchase Agreement
 
See Notes to Financial Statements.


18


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Institutional U.S. Government Securities Money Market Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
U.S. Government Agencies (59.8%)
Federal Farm Credit Bank (0.6%)
0.170%, 04/17/10(a)(b)
    16,250       16,249  
                 
Federal Home Loan Bank (22.4%)
0.553%, 04/01/10(c)
    22,000       22,000  
0.110%, 04/05/10(c)
    40,000       40,000  
0.125%, 04/07/10(c)
    34,419       34,418  
0.095%, 04/09/10(c)
    10,000       10,000  
0.125%, 04/14/10(c)
    50,000       49,998  
0.371%, 04/16/10(c)
    20,000       19,997  
0.150%, 04/19/10(c)
    3,000       3,000  
0.125%, 04/21/10(c)
    85,000       84,994  
0.125%, 04/23/10(c)
    90,000       89,993  
0.150%, 05/12/10(c)
    14,713       14,710  
0.400%, 04/01/10(a)(b)
    12,000       12,000  
0.150%, 05/19/10(c)
    32,000       31,994  
0.300%, 04/01/10(a)(b)
    27,500       27,500  
0.140%, 06/02/10(c)
    50,000       49,988  
0.180%, 06/11/10(c)
    20,000       19,993  
0.500%, 10/05/10, Callable 04/05/10 @ 100(d)
    17,500       17,499  
0.375%, 10/08/10
    25,000       25,012  
0.410%, 12/29/10, Callable 06/29/10 @ 100
    10,000       10,000  
0.400%, 12/30/10
    11,305       11,301  
0.500%, 03/14/11, Callable 08/26/10 @ 100
    15,000       15,000  
0.550%, 03/23/11, Callable 06/09/10 @ 100
    15,000       15,000  
0.600%, 04/20/11, Callable 05/05/10 @ 100Ù
    15,000       15,000  
                 
              619,397  
                 
Federal Home Loan Mortgage Corporation (18.3%)
0.155%, 04/05/10(c)(d)
    25,000       25,000  
0.190%, 04/19/10(c)
    40,000       39,996  
0.115%, 04/26/10(c)
    32,500       32,497  
0.155%, 04/28/10(c)
    33,000       32,996  
0.150%, 05/03/10(c)
    10,875       10,874  
0.130%, 05/04/10(c)
    15,000       14,998  
0.512%, 05/05/10(c)
    12,500       12,494  
0.180%, 05/10/10(c)
    23,000       22,996  
0.150%, 05/19/10(c)
    18,000       17,996  
0.175%, 06/01/10(c)
    35,000       34,990  
0.170%, 06/07/10(c)
    53,000       52,983  
0.160%, 06/14/10(c)
    45,000       44,986  
0.250%, 06/21/10(c)
    85,000       84,958  
0.200%, 07/09/10(c)
    25,000       24,986  
0.210%, 09/01/10(c)
    50,000       49,955  
                 
              502,705  
                 
Federal National Mortgage Association (18.5%)
0.140%, 04/12/10(c)
    6,000       6,000  
0.150%, 05/03/10(c)
    60,000       59,992  
0.175%, 05/25/10(c)
    50,000       49,987  
0.170%, 06/02/10(c)
    40,000       39,988  
0.180%, 06/23/10(c)
    19,000       18,992  
0.205%, 06/30/10(c)
    40,000       39,979  
0.160%, 07/06/10(c)
    42,000       41,982  
0.150%, 07/07/10(c)
    50,000       49,980  
0.543%, 07/12/10(c)
    81,000       80,941  
0.141%, 04/13/10(a)(b)
    25,000       24,996  
0.170%, 07/14/10(c)
    32,000       31,984  
0.251%, 07/19/10(c)
    16,000       15,988  
0.210%, 08/02/10(c)
    25,000       24,982  
2.250%, 04/09/12, Callable 04/09/10 @ 100
    20,500       20,510  
                 
              506,301  
                 
Total U.S. Government Agencies
            1,644,652  
                 
U.S. Treasury Obligation (0.9%)
U.S. Treasury Bill (0.9%)
0.285%, 06/10/10(c)
    25,000       24,986  
                 
Total U.S. Treasury Obligation
            24,986  
                 
Repurchase Agreements (39.8%)
Banc of America Securities, 0.010%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $256,007 (collateralized by U.S. Government Agencies; DN-2.000%, due 04/01/10-04/15/42; total market value $261,127)
    256,007       256,007  
Barclays Bank PLC, 0.000%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $74,303 (collateralized by U.S. Treasury Note; 1.125%, due 06/30/11; total market value $75,789)
    74,303       74,303  
BNP Paribas, 0.000%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $404,552 (collateralized by U.S. Government Agencies; DN-5.880%, due 09/27/10-05/04/37; total market value $412,644)
    404,552       404,552  
 
See Notes to Financial Statements.


19


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)

Institutional U.S. Government Securities Money Market Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Repurchase Agreements—continued
                 
Commerzbank AG, 0.000%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $49,796 (collateralized by U.S. Treasury Notes; 2.250%-4.875%, due 09/30/14-02/15/20; total market value $50,795)
    49,796       49,796  
Deutsche Bank AG, 0.020%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $52,708 (collateralized by U.S. Government Agencies; 2.000%-2.375%, due 03/15/13-03/14/14; total market value $53,765)
    52,708       52,708  
HSBC Securities, Inc., 0.000%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $256,268 (collateralized by U.S. Treasury Obligations; 2.625%-8.125%, due 12/31/14-08/15/21; total market value $261,396)
    256,268       256,268  
UBS Warburg LLC, 0.010%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $2,044 (collateralized by Federal National Mortgage Association; 4.420%, due 05/06/19; total market value $2,089)
    2,044       2,044  
                 
Total Repurchase Agreements
            1,095,678  
                 
Total Investments (Cost $2,765,316)(e) — 100.5%
            2,765,316  
Liabilities in excess of other assets — (0.5)%
            (14,930 )
                 
Net Assets — 100.0%
          $ 2,750,386  
                 
 
Ù
Security purchased on a when-issued basis.
 
(a) The date shown reflects the next interest rate reset date. Such dates are considered the effective maturity for the purpose of the Fund’s weighted average maturity.
 
(b) Variable or floating rate security. Rate disclosed is as of March 31, 2010.
 
(c) Rate represents the effective yield at purchase.
 
(d) All or a portion of this security has been segregated or otherwise earmarked as coverage to meet future obligations.
 
(e) Aggregate cost for federal income tax and financial reporting purposes is substantially the same.
 
DN — Discount Note
 
See Notes to Financial Statements.


20


 

SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Institutional U.S. Treasury Securities Money Market Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
U.S. Treasury Obligations (61.5%)
U.S. Treasury Bills (61.5%)
0.181%, 04/01/10(a)
    132,500       132,500  
0.137%, 04/08/10(a)
    165,000       164,997  
0.140%, 04/15/10(a)
    162,500       162,493  
0.150%, 04/19/10(a)
    66,250       66,245  
0.087%, 04/22/10(a)
    153,500       153,491  
0.065%, 04/29/10(a)
    95,000       94,994  
0.120%, 05/06/10(a)
    172,000       171,978  
0.157%, 05/13/10(a)
    172,000       171,970  
0.135%, 05/20/10(a)
    74,750       74,738  
0.146%, 05/27/10(a)
    71,000       70,986  
0.107%, 06/03/10(a)
    120,000       119,974  
0.117%, 06/10/10(a)
    100,000       99,975  
0.112%, 06/17/10(a)
    50,000       49,988  
0.113%, 07/01/10(a)
    54,900       54,885  
0.115%, 07/08/10(a)
    57,750       57,732  
0.127%, 07/15/10(a)
    57,250       57,228  
0.131%, 07/22/10(a)
    55,250       55,227  
0.161%, 08/05/10(a)
    32,500       32,482  
0.172%, 09/23/10(a)
    40,166       40,132  
0.210%, 10/21/10(a)
    40,166       40,118  
0.253%, 11/18/10(a)
    40,166       40,101  
0.406%, 12/16/10(a)
    13,000       12,962  
                 
Total U.S. Treasury Obligations
            1,925,196  
                 
Repurchase Agreements (40.6%)
Banc of America Securities, 0.000%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $168,276 (collateralized by U.S. Treasury Notes; 1.125%-1.750%, due 12/15/12-03/31/14; total market value $171,641)
    168,276       168,276  
Barclays Bank PLC, 0.000%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $11,958 (collateralized by U.S. Treasury Obligations; 3.500%-3.875%, due 01/15/11-04/15/29; total market value $12,197)
    11,958       11,958  
Barclays Bank PLC, 0.100%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $70,000 (collateralized by U.S. Treasury Notes; 1.500%-3.875%, due 09/15/10-10/31/10; total market value $71,400)
    70,000       70,000  
BNP Paribas, 0.000%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $265,594 (collateralized by U.S. Treasury Obligations; 0.000%-2.500%, due 09/15/10-11/15/19; total market value $270,906)
    265,594       265,594  
Commerzbank AG, 0.000%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $284,580 (collateralized by U.S. Treasury Note; 0.875%, due 02/28/11; total market value $290,274)
    284,580       284,580  
Commerzbank AG, 0.170%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $17,000 (collateralized by U.S. Treasury Note; 0.875%, due 02/28/11; total market value $17,344)
    17,000       17,000  
Deutsche Bank AG, 0.010%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $65,861 (collateralized by U.S. Treasury Bond; 4.500%, due 08/15/39; total market value $67,178)
    65,861       65,861  
HSBC Securities, Inc., 0.000%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $174,555 (collateralized by U.S. Treasury Obligations; 0.000%-6.375%, due 08/15/10-05/15/39; total market value $178,047)
    174,555       174,555  
 
See Notes to Financial Statements.


21


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands, except Shares)
 
Institutional U.S. Treasury Securities Money Market Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Repurchase Agreements—continued
                 
JPMorgan Chase & Co., 0.000%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $14,000 (collateralized by U.S. Treasury Note; 2.500%, due 03/31/15; total market value $14,284)
    14,000       14,000  
Royal Bank of Scotland, 0.000%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $191,551 (collateralized by U.S. Treasury Note; 0.875%, due 02/28/11; total market value $195,383)
    191,551       191,551  
UBS Warburg LLC, 0.010%, dated 03/31/10 to be repurchased on 04/01/10, repurchase price $10,137 (collateralized by U.S. Treasury Note; 2.750%, due 02/15/19; total market value $10,341)
    10,137       10,137  
                 
Total Repurchase Agreements
            1,273,512  
                 
Total Investments (Cost $3,198,708)(b) — 102.1%
            3,198,708  
Liabilities in excess of other assets — (2.1)%
            (66,582 )
                 
Net Assets — 100.0%
          $ 3,132,126  
                 
 
(a) Rate represents the effective yield at purchase.
 
(b) Aggregate cost for federal income tax and financial reporting purposes is substantially the same.
 
See Notes to Financial Statements.


22


 

 
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS  March 31, 2010  (Amounts in thousands)
 
                                 
        Institutional
  Institutional
  Institutional
    Institutional
  Municipal
  U.S.
  U.S.
    Cash
  Cash
  Government
  Treasury
    Management
  Reserve
  Securities
  Securities
    Money
  Money
  Money
  Money
    Market
  Market
  Market
  Market
    Fund   Fund   Fund   Fund
 
Assets:
                               
Total Investments, at Cost
  $ 3,031,606     $ 64,414     $ 2,765,316     $ 3,198,708  
                                 
Investments, at Value
  $ 3,031,606     $ 64,414     $ 1,669,638     $ 1,925,196  
Repurchase Agreements, at Value and Cost
                1,095,678       1,273,512  
                                 
Total Investments
    3,031,606       64,414       2,765,316       3,198,708  
                                 
Interest and Dividends Receivable
    707       148       366       3  
Receivable for Capital Shares Issued
    8             11       11  
Receivable for Investment Securities Sold
          2,055              
Receivable from Investment Adviser
          3              
Prepaid Expenses and Other Assets
    23       13       61       28  
                                 
Total Assets
    3,032,344       66,633       2,765,754       3,198,750  
                                 
Liabilities:
                               
Income Distributions Payable
    132       15       107       105  
Payable for Investment Securities Purchased
    70,464             15,000       66,245  
Investment Advisory Fees Payable
    258             200       110  
Administration, Fund Accounting and Transfer Agency Fees Payable
    74       2       61       67  
Compliance Services Fees Payable
    114                   35  
Shareholder Services Fees Payable — Corporate Trust Shares
                      9  
Custodian Fees Payable
    49                   5  
Trustee Fees Payable
    39                   13  
Other Accrued Expenses
    143                   35  
                                 
Total Liabilities
    71,273       17       15,368       66,624  
                                 
Net Assets
  $ 2,961,071     $ 66,616     $ 2,750,386     $ 3,132,126  
                                 
Net Assets Consist of:
                               
Capital
  $ 2,962,611     $ 66,616     $ 2,750,419     $ 3,132,147  
Accumulated Net Investment Income
    58       1       41       125  
Accumulated Net Realized Loss from Investment Transactions
    (1,598 )     (1 )     (74 )     (146 )
                                 
Net Assets
  $ 2,961,071     $ 66,616     $ 2,750,386     $ 3,132,126  
                                 
Net Assets:
                               
Institutional Shares
  $ 2,961,071     $ 66,616     $ 2,750,386     $ 2,700,518  
Corporate Trust Shares
                      431,608  
Shares Outstanding (unlimited number of shares authorized, no par value):
                               
Institutional Shares
    2,962,612       66,616       2,750,419       2,700,455  
Corporate Trust Shares
                      431,693  
Net Asset Value, Offering and Redemption Price Per Share:
                               
Institutional Shares
  $ 1.00     $ 1.00     $ 1.00     $ 1.00  
Corporate Trust Shares
    N/A       N/A       N/A       1.00  
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


23


 

 
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS  For the Year Ended March 31, 2010  (Amounts in thousands)
 
                                 
        Institutional
  Institutional
  Institutional
    Institutional
  Municipal
  U.S.
  U.S.
    Cash
  Cash
  Government
  Treasury
    Management
  Reserve
  Securities
  Securities
    Money
  Money
  Money
  Money
    Market
  Market
  Market
  Market
    Fund   Fund   Fund   Fund
 
Investment Income:
                               
Interest Income
  $ 11,089     $ 461     $ 7,309     $ 5,333  
Dividend Income
    575       11       757       136  
                                 
Total Investment Income
    11,664       472       8,066       5,469  
                                 
Expenses:
                               
Investment Advisory Fees
    3,811       146       4,253       4,230  
Administration, Fund Accounting and Transfer Agency Fees
    828       32       782       775  
Compliance Services Fees
    114       5       93       96  
Shareholder Services Fees — Corporate Trust Shares
                      1,238  
Treasury Guarantee Program Fee
    716       11              
Custodian Fees
    84       9       25       27  
Registration Fees
    20       15       51       40  
Trustee Fees
    94       4       77       77  
Other Fees
    349       35       244       254  
                                 
Total Expenses
    6,016       257       5,525       6,737  
Less: Investment Advisory Fees Waived/Expenses Reimbursed
    (162 )     (46 )     (794 )     (1,774 )
Less: Administration Fees Waived
    (17 )     (11 )     (17 )     (116 )
Less: Shareholder Services Fees Waived — Corporate Trust Shares
                      (1,023 )
                                 
Net Expenses
    5,837       200       4,714       3,824  
                                 
Net Investment Income
    5,827       272       3,352       1,645  
                                 
Net Realized Gain (Loss) on Investments:
                               
Net Realized Gain (Loss) from:
                               
Investment Transactions
    70       1       2       41  
                                 
Net Realized Gain on Investments
    70       1       2       41  
                                 
Change in Net Assets from Operations
  $ 5,897     $ 273     $ 3,354     $ 1,686  
                                 
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


24


 

 
STATEMENTS OF CHANGES IN NET ASSETS
RIDGEWORTH FUNDS  For the Years Indicated  (Amounts in thousands)
 
                                                                 
    Institutional
  Institutional
  Institutional
  Institutional
    Cash Management
  Municipal Cash Reserve
  U.S. Government Securities
  U.S. Treasury Securities
    Money Market Fund   Money Market Fund   Money Market Fund   Money Market Fund
    04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
  04/01/09-
  04/01/08-
    03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09   03/31/10   03/31/09
 
Operations:
                                                               
Net Investment Income (Loss)
  $ 5,827     $ 72,111     $ 272     $ 1,269     $ 3,352     $ 37,776     $ 1,645     $ 25,604  
Net Realized Gain (Loss) from Investment Transactions
    70       (1,081 )     1       1       2       (50 )     41       29  
                                                                 
Change in Net Assets from Operations
    5,897       71,030       273       1,270       3,354       37,726       1,686       25,633  
                                                                 
Dividends and Distributions to Shareholders:
                                                               
Net Investment Income:
                                                               
Institutional Shares
    (5,826 )     (72,111 )     (272 )     (1,269 )     (3,352 )     (37,776 )     (1,546 )     (20,025 )
Corporate Trust Shares
                                        (100 )     (5,579 )
                                                                 
Total Dividends and Distributions
    (5,826 )     (72,111 )     (272 )     (1,269 )     (3,352 )     (37,776 )     (1,646 )     (25,604 )
                                                                 
Capital Transactions:
                                                               
Institutional Shares:
                                                               
Proceeds from Shares Issued
    7,823,758       9,774,264       205,324       138,381       5,063,932       6,649,775       8,237,078       8,904,580  
Dividends Reinvested
    368       13,964                   445       7,567       112       5,047  
Cost of Shares Redeemed
    (8,409,209 )     (10,336,524 )     (218,441 )     (189,813 )     (5,394,897 )     (5,964,086 )     (8,166,503 )     (8,098,817 )
                                                                 
Change in Net Assets from Institutional Shares
    (585,083 )     (548,296 )     (13,117 )     (51,432 )     (330,520 )     693,256       70,687       810,810  
                                                                 
Corporate Trust Shares:
                                                               
Proceeds from Shares Issued
                                        359,747       631,229  
Cost of Shares Redeemed
                                        (417,316 )     (1,471,272 )
                                                                 
Change in Net Assets from Corporate Trust Shares
                                        (57,569 )     (840,043 )
                                                                 
Change in Net Assets from Capital Transactions
    (585,083 )     (548,296 )     (13,117 )     (51,432 )     (330,520 )     693,256       13,118       (29,233 )
                                                                 
Change in Net Assets
    (585,012 )     (549,377 )     (13,116 )     (51,431 )     (330,518 )     693,206       13,158       (29,204 )
                                                                 
Net Assets:
                                                               
Beginning of Period
    3,546,083       4,095,460       79,732       131,163       3,080,904       2,387,698       3,118,968       3,148,172  
                                                                 
End of Period
  $ 2,961,071     $ 3,546,083     $ 66,616     $ 79,732     $ 2,750,386     $ 3,080,904     $ 3,132,126     $ 3,118,968  
                                                                 
Accumulated Net Investment Income (Loss), End of Period
  $ 58     $ 57     $ 1     $ 1     $ 41     $ 16     $ 125     $ 126  
                                                                 
Share Transactions:
                                                               
Institutional Shares:
                                                               
Issued
    7,823,758       9,774,264       205,324       138,381       5,063,932       6,649,775       8,237,078       8,904,580  
Reinvested
    368       13,964                   445       7,567       112       5,047  
Redeemed
    (8,409,209 )     (10,336,524 )     (218,441 )     (189,813 )     (5,394,897 )     (5,964,086 )     (8,166,503 )     (8,098,817 )
                                                                 
Change in Institutional Shares
    (585,083 )     (548,296 )     (13,117 )     (51,432 )     (330,520 )     693,256       70,687       810,810  
                                                                 
Corporate Trust Shares:
                                                               
Issued
                                        359,747       631,229  
Redeemed
                                        (417,316 )     (1,471,272 )
                                                                 
Change in Corporate Trust Shares
                                        (57,569 )     (840,043 )
                                                                 
Change in Shares
    (585,083 )     (548,296 )     (13,117 )     (51,432 )     (330,520 )     693,256       13,118       (29,233 )
                                                                 
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


25


 

 
 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                 
            Net
                              Ratio of
  Ratio of
            Realized
                          Ratio of
  Net
  Expenses to
            and
              Net
          Net
  Investment
  Average
    Net Asset
      Unrealized
      Dividends
  Total
  Asset
          Expenses to
  Income to
  Net Assets
    Value,
  Net
  Gains
      from Net
  Dividends
  Value,
      Net Assets,
  Average
  Average
  (Excluding
    Beginning
  Investment
  (Losses) on
  Total From
  Investment
  and
  End of
  Total
  End of
  Net
  Net
  Waivers and
    of Period   Income   Investments   Operations   Income   Distributions   Period   Return(1)   Period (000)   Assets(2)   Assets(2)   Reimbursements)(2)
Institutional Cash Management Money Market Fund
Institutional Shares
Year Ended March 31, 2010
  $ 1.00     $     $     $     $     $     $ 1.00       0.19 %   $ 2,961,071       0.19 %*     0.19 %     0.20 %*
Year Ended March 31, 2009
    1.00       0.02             0.02       (0.02 )     (0.02 )     1.00       1.85       3,546,083       0.18 *     1.87       0.19 *
Year Ended March 31, 2008
    1.00       0.05             0.05       (0.05 )     (0.05 )     1.00       4.75 **     4,095,460       0.16       4.62 **     0.17  
Year Ended March 31, 2007
    1.00       0.05             0.05       (0.05 )     (0.05 )     1.00       5.17       3,829,060       0.16       5.06       0.16  
Year Ended March 31, 2006
    1.00       0.04             0.04       (0.04 )     (0.04 )     1.00       3.62       2,975,521       0.17       3.60       0.19  
Institutional Municipal Cash Reserve Money Market Fund
Institutional Shares
Year Ended March 31, 2010
    1.00                                     1.00       0.29       66,616       0.21 *     0.28       0.26 *
Year Ended March 31, 2009
    1.00       0.02             0.02       (0.02 )     (0.02 )     1.00       1.61       79,732       0.21 *     1.59       0.24 *
Year Ended March 31, 2008
    1.00       0.03             0.03       (0.03 )     (0.03 )     1.00       3.26       131,163       0.20       3.06       0.22  
Year Ended March 31, 2007
    1.00       0.03             0.03       (0.03 )     (0.03 )     1.00       3.42       116,482       0.20       3.35       0.23  
Period Ended March 31, 2006(3)
    1.00       0.02             0.02       (0.02 )     (0.02 )     1.00       1.79       125,982       0.19       2.78       0.23  
Institutional U.S. Government Securities Money Market Fund
Institutional Shares
Year Ended March 31, 2010
    1.00                                     1.00       0.11       2,750,386       0.16       0.11       0.19  
Year Ended March 31, 2009
    1.00       0.02             0.02       (0.02 )     (0.02 )     1.00       1.51       3,080,904       0.18       1.40       0.18  
Year Ended March 31, 2008
    1.00       0.04             0.04       (0.04 )     (0.04 )     1.00       4.54       2,387,698       0.18       4.15       0.19  
Year Ended March 31, 2007
    1.00       0.05             0.05       (0.05 )     (0.05 )     1.00       5.04       889,213       0.19       4.93       0.19  
Year Ended March 31, 2006
    1.00       0.03             0.03       (0.03 )     (0.03 )     1.00       3.51       951,775       0.21       3.48       0.21  
Institutional U.S. Treasury Securities Money Market Fund
Institutional Shares
Year Ended March 31, 2010
    1.00                                     1.00       0.06       2,700,518       0.12       0.06       0.19  
Year Ended March 31, 2009
    1.00       0.01             0.01       (0.01 )     (0.01 )     1.00       0.99       2,629,798       0.17       0.81       0.18  
Year Ended March 31, 2008
    1.00       0.04             0.04       (0.04 )     (0.04 )     1.00       4.09       1,818,974       0.18       3.73       0.18  
Year Ended March 31, 2007
    1.00       0.05             0.05       (0.05 )     (0.05 )     1.00       5.03       715,831       0.18       4.93       0.18  
Year Ended March 31, 2006
    1.00       0.03             0.03       (0.03 )     (0.03 )     1.00       3.41       901,777       0.20       3.45       0.20  
Corporate Trust Shares
Year Ended March 31, 2010
    1.00                                     1.00       0.02       431,608       0.17       0.02       0.44  
Year Ended March 31, 2009
    1.00       0.01             0.01       (0.01 )     (0.01 )     1.00       0.77       489,170       0.40       0.82       0.43  
Year Ended March 31, 2008
    1.00       0.04             0.04       (0.04 )     (0.04 )     1.00       3.83       1,329,198       0.43       3.76       0.43  
Year Ended March 31, 2007
    1.00       0.05             0.05       (0.05 )     (0.05 )     1.00       4.77       1,266,353       0.43       4.67       0.43  
Year Ended March 31, 2006
    1.00       0.03             0.03       (0.03 )     (0.03 )     1.00       3.17       2,068,462       0.44       3.14       0.44  
 
(1) Not annualized for periods less than one year.
 
(2) Annualized for periods less than one year.
 
(3) Commenced operations on August 2, 2005.
 
* The Institutional Cash Management Money Market Fund and the Institutional Municipal Cash Reserve Money Market Funds’ net and gross expense ratios include expenses related to the Funds’ participation in the U.S. Department of Treasury’s Temporary Guarantee Program for money market funds as listed below: (See note 4 in the Notes to Financial Statements)
 
                 
    Year Ended
  Year Ended
    March 31, 2010   March 31, 2009
 
Institutional Cash Management Money Market Fund
    0.02 %     0.02 %
Institutional Municipal Cash Reserve Money Market Fund
    0.01 %     0.02 %
 
** During the year ended March 31, 2008, the Fund received certain payments by an affiliate. Absent these payments, the total return and ratio of net investment income to average net assets would have been 3.65% and 4.52% , respectively.
 
Amounts designated as “—” are less than $0.005 or have been rounded to $0.
 
See Notes to Financial Highlights and Notes to Financial Statements.


26


 

 
NOTES TO FINANCIAL STATEMENTS
RIDGEWORTH FUNDS  March 31, 2010
 
1.  Organization
 
The RidgeWorth Funds (the “Trust”) is organized as a Massachusetts business trust under a Declaration of Trust dated January 15, 1992. The Trust is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company offering 50 funds as of March 31, 2010. The Trust is authorized to issue an unlimited number of shares without par value. The financial statements presented herein are those of the Institutional Cash Management Money Market Fund, Institutional Municipal Cash Reserve Money Market Fund, Institutional U.S. Government Securities Money Market Fund and Institutional U.S. Treasury Securities Money Market Fund (each a “Fund” and collectively the “Funds”). The financial statements of the remaining funds are presented separately. The Institutional Cash Management Money Market Fund, Institutional Municipal Cash Reserve Money Market Fund and Institutional U.S. Government Securities Money Market Fund offers Institutional Shares only. The Institutional U.S. Treasury Securities Money Market Fund offers Institutional Shares and Corporate Trust Shares. The Funds’ prospectuses provide a description of each Fund’s investment objectives, policies and strategies.
 
The assets of each Fund are segregated, and a shareholder’s interest is limited to the Fund in which shares are held. Each class of shares has identical rights and privileges except with respect to the fees paid under the Shareholder Services Plan and voting rights on matters affecting a single class of shares.
 
Under the Trust’s organizational documents, its officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust. In addition, in the normal course of business, the Trust enters into contracts with its vendors and others that provide for general indemnifications. The Trust’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Trust. However, based on experience, the Trust expects that risk of loss to be remote.
 
2.  Significant Accounting Policies
 
The following is a summary of significant accounting policies followed by the Trust in the preparation of its financial statements. These policies are in conformity with accounting principles generally accepted in the United States of America (“GAAP”). The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expense during the reporting period. The actual results could differ from these estimates.
 
Security Valuation — Investment securities are stated at amortized cost, which approximates market value. Under the amortized cost method, premium or discount, if any, is amortized or accreted, respectively, on a constant basis to the maturity of the security. Investments in other investment companies are valued at their respective daily net asset value.
 
The Trust has a three-tier fair value hierarchy that is dependent upon the various “inputs” used to determine the value of the Funds’ investments. These inputs are summarized in the three broad levels listed below:
 
  •  Level 1 — quoted prices in active markets for identical assets
 
  •  Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
 
  •  Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)
 
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term securities (i.e., securities that mature in 60 days or less) are valued using amortized cost, in accordance with rules under the 1940 Act. Generally, amortized cost approximates the current fair value of a security, but since the valuation is not obtained from a quoted price in an active market, such securities are reflected as Level 2.
 
When determining the fair value of the Funds’ investments, additional consideration is given to those assets or liabilities that have experienced a decrease in the volume or level of activity or when market prices do not reflect orderly transactions.


27


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
The following is a summary of the inputs used to value the following Funds’ securities as of March 31, 2010 (amounts in thousands):
 
                                 
        LEVEL 2 - Other
  LEVEL 3 -
   
        Significant
  Significant
   
    LEVEL 1 - Quoted
  Observable
  Unobservable
   
Fund
  Prices ($)   Inputs ($)   Inputs ($)   Total ($)
 
Institutional Cash Management Money Market Fund
                               
Certificates of Deposit1
          537,437             537,437  
Commercial Paper1
          1,446,994             1,446,994  
Corporate Bonds1
          168,466             168,466  
Municipal Bonds2
          362,630             362,630  
U.S. Government Agencies
          280,701             280,701  
Short-Term Investment
          2,348             2,348  
Money Market Fund
    70,000                   70,000  
Time Deposits
          163,030             163,030  
                                 
Total Investments
    70,000       2,961,606             3,031,606  
                                 
Institutional Municipal Cash Reserve Money Market Fund
                               
Municipal Bonds2
          64,229             64,229  
Money Market Fund
    185                   185  
                                 
Total Investments
    185       64,229             64,414  
                                 
Institutional U.S. Government Securities Money Market Fund
                               
U.S. Government Agencies
          1,644,652             1,644,652  
U.S. Treasury Obligation
          24,986             24,986  
Repurchase Agreements
          1,095,678             1,095,678  
                                 
Total Investments
          2,765,316             2,765,316  
                                 
Institutional U.S. Treasury Securities Money Market Fund
                               
U.S. Treasury Obligations
          1,925,196             1,925,196  
Repurchase Agreements
          1,273,512             1,273,512  
                                 
Total Investments
          3,198,708             3,198,708  
                                 
 
 
  1  Please see the Schedules of Portfolio Investments for Sector Classification.
 
  2  Please see the Schedules of Portfolio Investments for State Classification.
 
For the fiscal year ended March 31, 2010, there were no Level 3 securities.
 
Recent Accounting Pronouncements — In January 2010, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2010-06 to Accounting Standards Codification (“ASC”) 820-10, “Fair Value Measurements and Disclosures — Overall”. The amendment requires the disclosure of input and valuation techniques used to measure fair value for both recurring and nonrecurring fair value measurements for Level 2 and Level 3 positions. In addition, transfers between all levels must be disclosed on a gross basis including the reasons for the transfers. Purchases, sales, issuances, and settlements in the Level 3 rollforward must be disclosed on a gross basis. The amendment is effective for interim and annual reporting periods beginning after December 15, 2009, while disclosures about purchases, sales, issuances, and settlements in the Level 3 rollforward of activity is effective for interim and fiscal periods beginning after December 15, 2010.
 
Security Transactions and Investment Income — During the period, security transactions are accounted for no later than one business day following the trade date. For financial reporting purposes, however, security transactions are accounted for on trade date on the last business day of the reporting period. Interest income is recognized on an accrual basis and includes amortization or accretion of a premium or discount. Costs used in determining net realized gains and losses on the sales of investment securities are those of the specific


28


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
securities sold, adjusted for the accretion or amortization of purchase discounts or premiums during the respective holding period.
 
Repurchase Agreements — The Funds may purchase instruments from financial institutions, such as banks and broker-dealers, subject to the seller’s agreement to repurchase them at an agreed upon date and price (“repurchase agreement”). A third party custodian bank takes possession of the underlying securities (“collateral”) of a repurchase agreement, the value of which exceeds the principal amount of the repurchase transaction, including accrued interest. In the event of default on the obligation to repurchase, each Fund has the right to liquidate the collateral and apply the proceeds in satisfaction of the obligation. In the event of default or bankruptcy by the counterparty to the repurchase agreement, realization and/or retention of the collateral or proceeds may be subject to legal proceedings.
 
Securities Purchased on a When-Issued Basis — Delivery and payment for securities that have been purchased by a Fund on a forward commitment or when-issued basis can take place upto a month or more after the transaction date. During this period, such securities are subject to market fluctuations. The purchase of securities on a when-issued or forward commitment basis may increase the volitility of a Fund’s net asset value if the Fund makes such investments while remaining substantially fully invested. The Fund will segregate or earmark liquid assets in an amount at least equal in value to its commitments to purchase when-issued and forward commitment securities. When-issued securities and the segregated liquid assets associated with such investments are presented within the Funds’ Schedules of Portfolio Investments.
 
Compensating Balances — Prior to October 1, 2009, if a Fund had a cash overdraft in excess of $100,000 it was required to deposit an amount equal to 110% of the overdraft in a compensating balance account with its custodian, SunTrust Bank, a wholly owned subsidiary of SunTrust Banks, Inc. (“Sun Trust”), on the following business day. If a Fund had a positive cash balance in excess of $100,000 it was allowed to overdraw an amount equal to 90% of the balance from SunTrust Bank on the following business day. All such deposits to, and overdrafts from, the compensating balance account were non-interest bearing and were for a duration of one business day. Effective October 1, 2009, the compensating balance agreement was terminated. The RidgeWorth Institutional Cash Management Money Market Fund has never had a compensating balance arrangement with its custodian, Brown Brothers Harriman & Co.
 
Expenses — Expenses that are directly related to a specific Fund are charged to that Fund. Class specific expenses, such as shareholder services fees, if any, are borne by that class. Other operating expenses of the Trust are prorated to the Funds on the basis of relative net assets or another appropriate basis.
 
Classes — Income, non-class specific expenses and realized/unrealized gains and losses are allocated to the respective classes within a Fund on the basis of the relative daily net assets.
 
Dividends and Distributions to Shareholders — Dividends and distributions to shareholders are recorded on the ex-dividend date. Dividends from net investment income are declared daily and paid monthly. Any net realized capital gains on sales of securities are distributed to shareholders at least annually. However, to the extent that net realized capital gains can be offset by capital loss carryovers, such gains will not be distributed.
 
Federal Income Taxes — It is the policy of each Fund to continue to qualify as a regulated investment company by complying with the provisions available to certain investment companies, as defined in applicable sections of the Internal Revenue Code, and to make distributions from net investment income and from net realized capital gains sufficient to relieve it from all, or substantially all, federal income taxes.
 
Uncertain tax positions must be recognized, measured, presented and disclosed in the financial statements. An affirmative evaluation of tax positions taken or expected to be taken in the course of preparing the Funds’ tax returns has occurred to determine whether it is more likely than not (i.e., greater than 50-percent) that each tax position will be sustained upon examination by a taxing authority based on the technical merits of the position. A tax position that meets the more-likely-than-not recognition threshold is measured to determine the amount of benefit to recognize in the financial statements. Differences between tax positions taken in a tax return and amounts recognized in the financial statements will generally result in an increase in a liability for taxes payable (or a reduction of a tax refund receivable), including the recognition of any related interest and penalties as an operating expense. The determination has been made that there are no uncertain tax positions


29


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
that would require the Funds to record a tax liability and therefore there is no impact to the Funds’ financial statements.
 
The amounts of dividends from net investment income and of distributions from net realized gains are determined in accordance with federal income tax regulations, which may differ from GAAP. These “book/tax” differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature (i.e., foreign currency transactions and return of capital on securities), such amounts are reclassified within the composition of net assets based on their federal tax-basis treatment; temporary differences do not require reclassification.
 
Management of the Funds has analyzed all open tax years, as defined by the statute of limitations, for all major jurisdictions. Open tax years are those that are open for examination by taxing authorities. Major jurisdictions for the Funds include the United States and certain states, as applicable. As of March 31, 2010, open tax years include the tax years of 2007 through 2010. The Funds have no examinations in progress and none are expected at this time.
 
3.  Agreements and Other Transactions with Affiliates
 
Investment Advisory Agreement — The Trust and RidgeWorth Capital Management, Inc. (the “Investment Adviser”), a wholly-owned subsidiary of SunTrust, have entered into an advisory agreement. StableRiver Capital Management LLC (the “Subadviser”), a wholly-owned subsidiary of the Investment Adviser, serves as the Subadviser for the Funds.
 
Under the terms of the agreement, the Funds are charged annual advisory fees, which are computed daily and paid monthly based upon average daily net assets. Breakpoints are used in computing the overall annual advisory fee. The maximum annual advisory fee is charged on average daily net assets of each Fund up to $1 billion, a discount of 5% applies on the next $1.5 billion, a discount of 10% applies on the next $2.5 billion and a discount of 20% applies on amounts over $5 billion. Fee rates for the year ended March 31, 2010, were as follows:
 
                                 
    Maximum
  Discounted
  Advisory Fees
  Net
    Annual
  Annual
  Waived or
  Annual
Fund
  Advisory Fee(%)*   Advisory Fee(%)*   Reimbursed(%)*   Fees Paid(%)*
 
Institutional Cash Management Money Market Fund
    0.13       0.12       (0.01 )     0.11  
Institutional Municipal Cash Reserve Money Market Fund
    0.15       0.15       (0.05 )     0.10  
Institutional U.S. Government Securities Money Market Fund
    0.15       0.14       (0.03 )     0.11  
Institutional U.S. Treasury Securities Money Market Fund
    0.15       0.14       (0.06 )     0.08  
 
 
 
  Aggregate annual fees paid to the Investment Adviser, who pays the Subadviser a portion of the fees to serve as the Funds’ Subadviser.
 
The Investment Adviser and the Subadviser have contractually agreed, until at least August 1, 2010, to waive fees and/or reimburse each Fund to the extent necessary to maintain each Fund’s Total Annual Operating Expenses (excluding taxes, brokerage commissions extraordinary expenses and Underlying Fund Fees and Expenses) expressed as a percentage of average daily net assets, as noted below:
 
         
    Total Annual
Fund
  Operating Expenses(%)
 
Institutional Cash Management Money Market Fund
    0.17  
Institutional Municipal Cash Reserve Money Market Fund
    0.20  
Institutional U.S. Government Securities Money Market Fund
    0.20  
Institutional U.S. Treasury Securities Money Market Fund, Institutional Shares
    0.20  
Institutional U.S. Treasury Securities Money Market Fund, Corporate Trust Shares
    0.45  
 
Under the Expense Limitation Agreements, the Investment Adviser may recoup the difference between the Total Annual Operating Expenses identified above and the actual total expense (excluding fees related to the Temporary Guarantee Program for Money Market Funds (see Note 4)) to recapture any of its prior contractual waivers or reimbursements, at a date not to exceed three years from the date of the corresponding Expense Limitation Agreement. Such repayments shall be made monthly, but only to the extent that such repayments


30


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
would not cause the annualized total expense ratio to exceed any stated contractual expense cap in place at that time. During the year ended March 31, 2010, the Investment Adviser did not recapture any of its prior contractual waivers or reimbursements. The Investment Adviser does not intend to recapture such amounts. As of March 31, 2010, the cumulative potential recoupments based on contractual reimbursements within three years from the date of the corresponding Expense Limitation Agreement are as follows (in thousands):
 
                         
    Expires
Fund
  2011($)   2012($)   2013($)
 
Institutional Municipal Cash Reserve Money Market Fund
    4       9       46  
 
The Investment Adviser and/or other service providers, including participating organizations subject to the Shareholder Services Plan described below, may from time to time voluntarily agree to waive all or a portion of their fees from the Funds, or in some cases reimburse the Funds. Any such waiver may be discontinued or modified at any time. The amount of any waived and/or reimbursed fees is subject to recoupment by the Investment Adviser and/or other service providers from the Fund within the same calendar year in which the fees were waived and/or reimbursed and the three subsequent calendar years, provided that no amount may be recouped that would cause the Fund’s total expense ratio to exceed any stated contractual expense cap. The Fund’s total return and yield would be lower in the absence of any such waiver. Recoupment amounts will be made only upon certain conditions agreed upon by the Funds’ Board of Trustees (“Board”). As of March 31, 2010, the cumulative potential recoupment amounts based on reimbursements within three subsequent calendar years from such voluntary waivers are as follows (in thousands):
 
                 
    Expires
Fund
  2012($)   2013($)
 
Institutional Cash Management Money Market Fund
    389       162  
Institutional Municipal Cash Reserve Money Market Fund
    8        
Institutional U.S. Government Securities Money Market Fund
          794  
Institutional U.S. Treasury Securities Money Market Fund
    231       2,797  
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
Administration, Fund Accounting and Transfer Agency Agreement — The Trust has entered into a Master Services Agreement with Citi Fund Services Ohio, Inc. (the “Administrator”), under which the Administrator provides administrative, fund accounting, transfer agent and shareholder services for an annual fee, calculated and paid monthly, (expressed as a percentage of the combined average daily net assets of the Trust) of: 0.0275% up to $25 billion, 0.0225% on the next $5 billion and 0.0175% for over $30 billion plus an additional class fee of $2,977 per class annually, applicable to each additional class of shares over 145 classes of shares.
 
The Master Services Agreement provides for the Administrator to pay certain insurance premiums for the Trust, including $300,000 toward the premium for Directors and Officers Liability/Errors and Omissions insurance coverage, and $25,000 towards the premium for Fidelity Bond coverage. The Administrator also separately agreed to provide, for the benefit of shareholders, annual fee waivers and certain administrative services at an annual value of $950,000 (and additional fee waivers of $166,760 of its annual administrative fees through June 30, 2009). Such payments and fee waivers will not be recouped by the Administrator in subsequent years.
 
Distribution Agreement — The Trust and RidgeWorth Distributors LLC (the “Distributor”) are parties to a Distribution Agreement. The Distributor receives $3,500 per Fund per annum, subject to a minimum annual fee of $172,000 for its services.
 
Shareholder Servicing Agreement — The Institutional U.S. Treasury Securities Money Market Fund has adopted a Shareholder Services Plan for the Corporate Trust Shares. The Fund pays participating organizations, including SunTrust Bank, a monthly shareholder services fee at an annual rate of up to 0.25% of the average daily net assets of the Fund’s Corporate Trust Shares, computed daily and paid monthly, which may be used by the participating organizations to provide compensation to service providers that have agreed to provide shareholder support services for their own customers who own Corporate Trust Shares of the Fund. During the year ended March 31, 2010, SunTrust Bank voluntarily waived a portion of this fee. Recoupment of such voluntarily waived fees will be made only upon certain conditions agreed upon by the Board.


31


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
Custodian Agreements — SunTrust Bank acts as custodian for the Funds, except for the Institutional Cash Management Money Market Fund, which has appointed Brown Brothers Harriman & Co. as custodian. The Funds pay custody fees on the basis of their respective net assets and transaction costs.
 
Other — Certain officers of the Trust are also employees of the Investment Adviser and/or the Administrator. Such officers receive no fees from the Trust for serving as officers of the Trust. Each of the trustees receives an annual retainer and an additional fee for each meeting attended plus reimbursement for certain expenses incurred. Trustees receive an additional fee for attendance at committee meetings. Prior to November 20, 2009, the annual retainer was $93,750 for the Chairman and $75,000 for the other Trustees. The current retainer and meeting fees are as follows:
 
                 
    Chairman($)   Trustee($)
 
Annual Retainer
    100,000       80,000  
Regular Meeting Fee
    7,500       6,000  
Special Meeting Fee
    4,375       3,500  
Committee Meeting Fee
    4,500       3,000  
 
The Investment Adviser provides services to the Trust to ensure compliance with applicable laws and regulations. The Investment Adviser has designated a dedicated compliance staff and an employee to serve as Chief Compliance Officer. The Investment Adviser receives an annual fee totaling $1,080,000 for these services. Prior to July 1, 2009, the fee was $775,000. During the year ended March 31, 2010, the Investment Adviser was paid $1,003,750 for these services. In addition, the Administrator provides staff to assist the Chief Compliance Officer for the Trust, including providing certain related services, and receives an annual fee of $171,485 for providing these services. The fees above are allocated based on average daily net assets of the Trust and are reflected on the Statements of Operations as “Compliance Services Fees”.
 
The Trust has entered into an agreement with SunTrust Robinson Humphrey, Inc., which is a registered broker-dealer and a direct non-bank subsidiary of SunTrust to act as an agent in placing repurchase agreements for the Trust. For the year ended March 31, 2010, the following Funds paid SunTrust Robinson Humphrey, Inc., through a reduction in the yield earned by the Funds on those repurchase agreements, the following amounts (in thousands):
 
         
Fund   Fee($)
 
Institutional U.S. Government Securities Money Market Fund
    8  
Institutional U.S. Treasury Securities Money Market Fund
    8  
 
4.  Temporary Guarantee Program for Money Market Funds
 
In October 2008, the Institutional Cash Management Money Market Fund and the Institutional Municipal Cash Reserve Money Market Fund (“Participating Funds”) each enrolled in the U.S. Department of the Treasury’s (“Treasury”) $50 billion Temporary Guarantee Program for Money Market Funds (the “Program”).
 
The Program guaranteed the net asset value of shares of participating money market funds as of September 19, 2008. To the extent funds were available in the Program, any shares held by investors in the Participating Funds as of the close of business September 19, 2008 were insured against loss under the Program in the event a Participating Fund liquidated its holdings and the per share value at the time of liquidation was less than $1 per share. The Program only applied to shareholders of record in the Participating Funds as of September 19, 2008. Any purchase of shares of a Participating Fund for a new account after the close of business on September 19, 2008 was not guaranteed.
 
Participation in the initial three months of the Program required a payment to the Treasury in the amount of 0.010% based on the net asset value of each Participating Fund as of September 19, 2008. For the coverage beginning on December 19, 2008 and extended through September 18, 2009, each Participating Fund paid 0.015% in December 2008 and again in April 2009, based on the net asset value of each Participating Fund as of September 19, 2008. These expenses were borne by the Participating Funds without regard to any expense limitation currently in effect for the Participating Funds and are included in the Statements of Operations.
 
The Program was not extended beyond September 18, 2009.


32


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  March 31, 2010
 
5.  Federal Tax Information
 
At March 31, 2010, the total cost of securities and the net realized gains or losses on securities sold for federal income tax purposes were substantially the same as amounts reported for financial reporting purposes.
 
The tax character of distributions paid to shareholders during the year ended March 31, 2010, was as follows (in thousands):
 
                         
    Distributions Paid From    
    Ordinary
  Tax-Exempt
  Total Distributions
Fund
  Income($)   Income($)   Paid($)*
 
Institutional Cash Management Money Market Fund
    7,241             7,241  
Institutional Municipal Cash Reserve Money Market Fund
          292       292  
Institutional U.S. Government Securities Money Market Fund
    4,187             4,187  
Institutional U.S. Treasury Securities Money Market Fund
    2,082             2,082  
 
 
Total distributions paid differ from the Statement of Changes in Net Assets because for tax purposes dividends are recognized when actually paid.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
The tax character of distributions paid to shareholders during the year ended March 31, 2009, was as follows (in thousands):
 
                         
    Distributions Paid From    
    Ordinary
  Tax-Exempt
  Total Distributions
Fund
  Income($)   Income($)   Paid($)*
 
Institutional Cash Management Money Market Fund
    81,988             81,988  
Institutional Municipal Cash Reserve Money Market Fund
          1,488       1,488  
Institutional U.S. Government Securities Money Market Fund
    42,319             42,319  
Institutional U.S. Treasury Securities Money Market Fund
    28,913             28,913  
 
 
Total distributions paid differ from the Statement of Changes in Net Assets because for tax purposes dividends are recognized when actually paid.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
As of March 31, 2010, the components of accumulated earnings (deficit) on a tax basis were as follows (in thousands):
 
                                                         
                            Total
    Undistributed           Accumulated
  Unrealized
  Accumulated
    Ordinary
  Tax-Exempt
  Accumulated
  Distributions
  Capital and
  Appreciation/
  Earnings
Fund
  Income($)   Income($)   Earnings($)   Payable($)   Other Losses($)*   (Depreciation)   (Deficit)($)
 
Institutional Cash Management Money Market Fund
    190             190       (132 )     (1,598 )           (1,540 )
Institutional Municipal Cash Reserve Money Market Fund
          15       15       (15 )                  
Institutional U.S. Government Securities Money Market Fund
    148             148       (107 )     (74 )           (33 )
Institutional U.S. Treasury Securities Money Market Fund
    230             230       (105 )     (146 )           (21 )
 
 
As of the latest tax year end of March 31, 2010, the following Funds had net capital loss carryovers to offset future net capital gains, if any, to the extent provided by Treasury regulations. To the extent that these carryovers are used to offset future gains, it is probable that the gains so offset will not be distributed to shareholders (in thousands):


33


 

 
NOTES TO FINANCIAL STATEMENTS (concluded)
RIDGEWORTH FUNDS  March 31, 2010
 
 
As of March 31, 2010, unexpired capital loss carryforwards were as follows (in thousands):
 
                                                 
    Expires
Fund
  2013($)   2014($)   2015($)   2016($)   2017($)   2018($)
 
Institutional Cash Management Money Market Fund
                101             1,203       294  
Institutional Municipal Cash Reserve Money Market Fund
                                   
Institutional U.S. Government Securities Money Market Fund
                                  74  
Institutional U.S. Treasury Securities Money Market Fund
    15       110       12                   9  
 
During the year ended March 31, 2010, the Institutional Municipal Cash Reserve Money Market Fund utilized $1, in thousands, in capital loss carryforwards.
 
Net Capital losses incurred after October 31, and within the taxable year are deemed to arise on the first business day of the Funds’ next taxable year.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
6.  Risks
 
The Funds invest primarily in money market instruments maturing in 397 days or less whose ratings are within one of the two highest ratings categories assigned by a nationally recognized statistical rating organization, or, if not rated, are believed to be of comparable quality. The ability of the issuers of the securities held by the Fund to meet their obligations may be affected by economic developments in a specific industry, state or region.
 
Certain securities are backed by letters of credit from various financial institutions and financial guaranty assurance agencies. These letters of credit enhance the credit quality of the individual securities; however, if any of the financial institutions or financial guaranty assurance agencies’ credit quality should deteriorate, it could cause the individual security’s credit quality to change. Additionally, if any of the Funds concentrate their letters of credit in any one financial institution, the risk of credit quality deterioration increases.
 
The Funds hold certain securities the issuer of which operates under a congressional charter. These securities (Federal Home Loan Mortgage Corporation, Federal Home Loan Bank and Federal National Mortgage Association) are neither issued nor guaranteed by the U.S. government. If needed, access to additional funding from the U.S. Treasury (beyond the issuer’s line of credit), would require congressional action.
 
7.  Subsequent Events
 
Management has evaluated subsequent events through the date these financial statements were issued and there are no subsequent events to report.


34


 

 
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
RIDGEWORTH FUNDS  March 31, 2010
 
To the Board of Trustees and Shareholders of
RidgeWorth Funds:
 
In our opinion, the accompanying statements of assets and liabilities, including the schedules of portfolio investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Institutional Cash Management Money Market Fund, Institutional Municipal Cash Reserve Money Market Fund, Institutional U.S. Government Securities Money Market Fund, and Institutional U.S. Treasury Securities Money Market Fund (four of the funds constituting RidgeWorth Funds, hereafter referred to as the “Funds”) at March 31, 2010, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period then ended and the financial highlights for each of the periods presented, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as “financial statements”) are the responsibility of the Funds’ management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at March 31, 2010 by correspondence with the custodians and brokers, provide a reasonable basis for our opinion.
 
PricewaterhouseCoopers LLP
 
Columbus, Ohio
May 28, 2010


35


 

TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUNDS
RIDGEWORTH FUNDS  March 31, 2010
(Unaudited)
 
Information pertaining to the Independent Trustees of the Trust is set forth below.
 
                     
                Number of
   
Name, Business
      Term of
      Portfolios
   
Address, State of
  Position
  Office and
  Principal
  in Fund
  Other
Residence and
  Held With
  Length of
  Occupation(s)
  Trust
  Directorships
Age   Trust   Time Served   During the Past 5 Years   Overseen   Held
Jeffrey Biggar
3435 Stelzer Road
Columbus, OH 43219
(Ohio)
Age: 60
  Trustee   Indefinite; since
January 2007
  Chief Operating Officer, Cedar Brook Financial Partners LLC (March 2008-present). Retired (2006- March 2008). Chief Executive Officer and Senior Managing Director, Sterling (National City Corp.) (2002-2006)   50   GenSpring Trust
                     
George C. Guynn
3435 Stelzer Road
Columbus, OH 43219
(Georgia)
Age: 67
  Trustee   Indefinite; since
January 2008
  Retired. President (1996-October 2006) and Chief Executive Officer (1995-October 2006) Federal Reserve Bank of Atlanta   50   Genuine Parts Company; Oxford Industries; John Wieland Homes and Neighborhoods, Inc.: Acuity Brands, Inc.; GenSpring Trust
                     
Sidney E. Harris
3435 Stelzer Road
Columbus, OH 43219
(Georgia)
Age: 60
  Trustee   Indefinite; since
November 2004
  Professor (since 1997) and Dean (1997-2004), J. Mack Robinson College of Business, Georgia State University   50   Total System Services, Inc.; GenSpring Trust
                     
Warren Y. Jobe
3435 Stelzer Road
Columbus, OH 43219
(Georgia)
Age: 69
  Trustee   Indefinite; since
November 2004
  Retired. Executive Vice President/CFO, Georgia Power Company (1982-1998) and Senior Vice President, Southern Company (energy) (1998-2001)   50   WellPoint, Inc.; UniSource Energy Corp.
                     
Connie D. McDaniel
3435 Stelzer Road
Columbus, OH 43219
(Georgia)
Age: 51
  Trustee   Indefinite; since
May 2005
  Vice President Global Finance Transformation (since 2007), Vice President and Controller (1999-2007), The Coca-Cola Company   50   None
                     
Clarence H. Ridley
3435 Stelzer Road
Columbus, OH 43219
(Georgia)
Age: 67
  Trustee   Indefinite; since
November 2001
  Chairman, Haverty Furniture Companies   50   Crawford & Co.; Haverty Furniture Companies
                     
Charles D. Winslow
3435 Stelzer Road
Columbus, OH 43219
(Florida)
Age: 74
  Trustee   Indefinite; since
November 2004
  Retired. Formerly Partner, Accenture (consulting)   50   None
                     


36


 

 
TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUNDS (concluded)
RIDGEWORTH FUNDS  March 31, 2010
(Unaudited)
 
 
Information pertaining to the Officers of the Trust is set forth below.
 
             
        Term of
   
    Position(s)
  Office and
  Principal
Name, Address
  Held With
  Length of
  Occupation(s)
and Age   Trust   Time Served   During the Past 5 Years
Julia R. Short
50 Hurt Plaza
Suite 1400
Atlanta, GA 30303
Age: 37
  President and
Chief Executive Officer
  One year; since
July 2007
  Managing Director, Product Manager, RidgeWorth Investments
             
Patrick A. Paparelli
50 Hurt Plaza
Suite 1400
Atlanta, GA 30303
Age: 48
  Vice President;
Chief Compliance Officer
  One year; since
May 2008
  Managing Director, Director of Legal and Compliance (since 2001) and Chief Compliance Officer (since July 2004), RidgeWorth Investments
             
Diana Hanlin
50 Hurt Plaza
Suite 1400
Atlanta, GA 30303
Age: 42
  Vice President;
Deputy Chief
Compliance Officer
  One year; since
May 2008
  Director, RidgeWorth Capital Management, Inc. (since May 2008); Employee of BB&T Asset Management, Inc. (2007-May 2008); Employee of BISYS Fund Services Ohio, Inc. (1996-2007)
             
Martin R. Dean
3435 Stelzer Road
Columbus, OH 43219
Age: 46
  Treasurer;
Chief Financial Officer;
Chief Accounting Officer
  One year; since
March 2007
  Senior Vice President, Citi Fund Services Ohio, Inc.
             
Jennifer A. English
100 Summer Street Suite 1500
Boston, MA 02110
Age: 37
  Secretary;
Chief Legal Officer
  One year; since
February 2010
  Senior Vice President, Regulatory Administration, Citi (2005-present). Assistant Vice President and Assistant Counsel, PNC Global Investment Servicing (2002-2005)
             
Danio Mastropieri
100 Summer Street Suite 1500
Boston, MA 02110
Age: 37
  Assistant Secretary   One year; since
February 2010
  Vice President, Regulatory Administration, Citi (2007-present); Senior Regulatory Administration Specialist, PNC Global Investment Servicing (2004-2007)
             
 
The Trust’s Statement of Additional Information includes additional information about the Trust’s trustees and officers. To request your free copy of the Statement of Additional Information, call toll free 1-888-784-3863.


37


 

 
ADDITIONAL INFORMATION
RIDGEWORTH FUNDS  March 31, 2010
(Unaudited)
 
Annual Approval of Investment Advisory and Subadvisory Agreements
 
The continuance of the Trust’s investment advisory agreement with RidgeWorth Capital Management, Inc. (the “Adviser”) and subadvisory agreement between the Adviser and StableRiver Capital Management LLC (the “Subadviser”) must be specifically approved at least annually by (i) the vote of the Trustees or a vote of the shareholders of the Funds and (ii) the vote of a majority of the Trustees who are not parties to the agreements or “interested persons” of any party thereto (the “Independent Trustees”), as defined in the Investment Company Act of 1940, cast in person at a meeting called for the purpose of voting on such approval. New advisory agreements for the Trust are also subject to such approval initially and annually after their initial term is complete. Each year, the Board of Trustees calls and holds a meeting to decide whether to approve and/or renew the Trust’s agreements for the upcoming year. In preparation for the meeting, the Board requests and reviews a wide variety of information from the Adviser and Subadviser. The Trustees use this information, as well as other information that the Adviser, Subadviser, and other service providers may submit to the Board, to help them decide whether to approve and/or renew the agreements.
 
In considering the renewal of the agreements with the Adviser and Subadviser, the Board requested and received material from the Adviser and Subadviser in preparation for a special meeting of the Board held on October 15, 2009, and requested and reviewed additional material from the Adviser and Subadviser in preparation for its quarterly meeting held on November 20, 2009, at which it specifically considered the renewal of the agreements. Such material included, among other things, information about: (a) the quality of the Adviser’s and Subadviser’s investment management and other services; (b) the Adviser’s and Subadviser’s investment management personnel; (c) the Adviser’s and Subadviser’s operations and financial condition; (d) the Adviser’s and Subadviser’s brokerage practices (including any soft dollar arrangements) and investment strategies; (e) the level of the advisory fees that the Adviser and Subadviser charge the Funds compared with the fees they charge to comparable mutual funds or accounts; (f) the Funds’ overall fees and operating expenses compared with similar mutual funds; (g) the level of the Adviser’s and Subadviser’s profitability from their Fund-related operations; (h) the Adviser’s and Subadviser’s compliance systems; (i) the Adviser’s and Subadviser’s policies and procedures for personal securities transactions; (j) the Adviser’s and Subadviser’s reputation, expertise, and resources in domestic financial markets; and (k) the Funds’ performance compared with similar mutual funds. The Board also received a memorandum from fund counsel regarding the responsibilities of the Trustees in connection with their consideration of the agreements.
 
At the meetings, representatives from the Adviser and Subadviser presented additional oral and written information to the Board to help the Board evaluate the Adviser’s and Subadviser’s fees and other aspects of the agreements. The Board also considered information presented by the Adviser, Subadviser, and other service providers at meetings held throughout the year. The Trustees discussed the written materials, oral presentations, and any other information that the Board received, and considered the approval of the agreements in light of this information.
 
Based on the Board’s deliberations and evaluation of the information it received, the Board, all of whose members are Independent Trustees, approved the renewal of the agreements with the Adviser and Subadviser and determined that the compensation under the agreements is fair and reasonable in light of the services to be performed. The Board considered the following specific factors, none of which was controlling, and made the following conclusions:
 
Nature, Extent, and Quality of Services
 
The Board received and considered information regarding the nature, extent, and quality of services to be provided to the Funds by the Adviser and Subadviser. In this regard, the Trustees evaluated, among other things, the Adviser’s and Subadviser’s personnel, experience, track record, and compliance program. The Board considered the background and experience of the Adviser’s and Subadviser’s senior management and the expertise of, and amount of attention expected to be given to the Funds by, their portfolio management teams. The Board reviewed the qualifications, backgrounds, and responsibilities of the portfolio managers responsible for the day-to-day management of the Funds. The Board also reviewed information pertaining to the Adviser’s and Subadviser’s organizational structure, senior management, investment operations, and other relevant information. The Board concluded that, within the context of its full deliberations, the nature, extent, and quality of the services to be provided to the Funds by the Adviser and Subadviser supported the approval of the agreements.


38


 

 
ADDITIONAL INFORMATION (continued)
RIDGEWORTH FUNDS  March 31, 2010
(Unaudited)
 
Performance
 
The Board considered the investment performance of each Fund, including any periods of outperformance and underperformance, both on an absolute basis and a comparative basis to indices and other funds within the same investment categories. Specifically, the Board considered each Fund’s performance relative to its peer group and appropriate benchmarks in light of total return, yield, and market trends. As part of this review, the Board considered the composition of the peer group and selection criteria, as well as market risk and shareholder risk expectations. The Board considered the Adviser’s and Subadviser’s explanations regarding specific performance issues. The Board concluded that, within the context of its full deliberations, the performance of the Funds, the Adviser, and the Subadviser supported the approval of the agreements.
 
Fund Expenses
 
With respect to advisory fees, the Board considered the rate of compensation under the agreements and each Fund’s net operating expense ratio in comparison to those of comparable mutual funds. The Trustees also considered information about average expense ratios of comparable mutual funds in each Fund’s peer group. Finally, the Trustees considered the effect of the Adviser’s and Subadviser’s waiver and reimbursement of fees and expenses, where applicable, to prevent total expenses from exceeding a specified amount and that, due to these waivers and reimbursements, net operating expenses have been maintained at competitive levels. In addition, the Board noted that the Adviser had voluntarily undertaken to reduce fees or waive expenses to the extent necessary to maintain a positive yield for the Funds. The Board concluded that, within the context of its full deliberations, the expenses of the Funds are reasonable and supported the approval of the agreements.
 
Profitability
 
The Board reviewed information about the profitability of the Funds to the Adviser and Subadviser and considered whether the level of profitability was reasonable and justified in light of the quality of the services rendered to the Funds and in comparison to other advisory firms. The Board concluded that, within the context of its full deliberations, the profitability of the Adviser and Subadviser is within the range the Board considered reasonable.
 
Economies of Scale
 
The Board considered the existence of economies of scale and whether they were passed along to Fund shareholders through a graduated advisory fee schedule or other means, including any fee and expense waivers and reimbursements by the Adviser and Subadviser. The Board concluded that, within the context of its full deliberations, the Funds obtain reasonable benefit from economies of scale.


39


 

 
ADDITIONAL INFORMATION (continued)
RIDGEWORTH FUNDS  March 31, 2010
(Unaudited)
 
Expense Examples
 
As a shareholder of the RidgeWorth Funds, you incur two types of costs: (1) transaction costs; and (2) ongoing costs, including management fees, distribution fees, and other Fund expenses. These examples are intended to help you understand your ongoing costs (in dollars) of investing in the RidgeWorth Funds and to compare these costs with the ongoing costs of investing in other mutual funds.
 
These examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2009 through March 31, 2010.
 
Actual Expenses
 
The table below provides information about actual account values and actual expenses. You may use the information below, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the table under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.
 
                                     
        Beginning
  Ending
  Expenses Paid
  Expense Ratio
        Account Value
  Account Value
  During Period*
  During Period**
Fund
  Class   10/01/09($)   03/31/10($)   10/01/09 - 03/31/10($)   10/01/09 - 03/31/10(%)
 
Institutional Cash Management Money Market Fund
  Institutional Shares     1,000.00       1,000.40       0.80       0.16  
Institutional Municipal Cash Reserve Money Market Fund
  Institutional Shares     1,000.00       1,001.10       0.95       0.19  
Institutional U.S. Government Securities Money Market Fund
  Institutional Shares     1,000.00       1,000.20       0.65       0.13  
Institutional U.S. Treasury Securities Money Market Fund
  Institutional Shares     1,000.00       1,000.20       0.40       0.08  
    Corporate Trust Shares     1,000.00       1,000.10       0.55       0.11  
 
 
*   Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days in the most recent fiscal half-year divided by the number of days in the fiscal year.
 
**  Annualized.
 
Hypothetical Example
 
The table below provides information about hypothetical account values and hypothetical expenses based on a Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.


40


 

 
ADDITIONAL INFORMATION (concluded)
RIDGEWORTH FUNDS  March 31, 2010
(Unaudited)
 
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs. Therefore, the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
 
                                     
        Beginning
  Ending
  Expenses Paid
  Expense Ratio
        Account Value
  Account Value
  During Period*
  During Period**
Fund
  Class   10/01/09($)   03/31/10($)   10/01/09-03/31/10($)   10/01/09-03/31/10(%)
 
Institutional Cash Management Money Market Fund
  Institutional Shares     1,000.00       1,024.13       0.81       0.16  
Institutional Municipal Cash Reserve Money Market Fund
  Institutional Shares     1,000.00       1,023.98       0.96       0.19  
Institutional U.S. Government Securities Money Market Fund
  Institutional Shares     1,000.00       1,024.28       0.66       0.13  
Institutional U.S. Treasury Securities Money Market Fund
  Institutional Shares     1,000.00       1,024.53       0.40       0.08  
    Corporate Trust Shares     1,000.00       1,024.38       0.56       0.11  
 
 
*   Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days in the most recent fiscal half-year divided by the number of days in the fiscal year.
 
**  Annualized.
 
Proxy Voting
 
Information regarding the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities is available without charge, upon request, by calling 1-888-784-3863. The information also is included in the Funds’ Statement of Additional Information, which is available on the Funds’ website at www.ridgeworth.com and on the Securities and Exchange Commission’s website at www.sec.gov.
 
Information relating to how each Fund voted proxies relating to portfolio securities held during the most recent twelve months ended June 30 is available on the Funds’ website at www.ridgeworth.com and on the Securities and Exchange Commission’s website at www.sec.gov.
 
Portfolio Holdings Information
 
The Funds file a complete list of their portfolio holdings with the Securities and Exchange Commission for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available free of charge on the Securities and Exchange Commission’s website at www.sec.gov. You may also review or, for a fee, copy those documents by visiting the Securities and Exchange Commission’s Public Reference Room in Washington, D.C. Information on the operation of the Public Reference Room may be obtained by calling the Securities and Exchange Commission at 1-202-551-8090.


41


 

Investment Adviser:
RidgeWorth Investments
50 Hurt Plaza, Suite 1400
Atlanta,GA 30303
www.ridgeworth.com
Investment Subadviser:
StableRiver Capital Management LLC
50 Hurt Plaza, Suite 1300
Atlanta,GA 30303
www.stableriver.com
This information must be preceded or accompanied by a current prospectus for each Fund described. An investor should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about RidgeWorth Funds can be found in the Fund’s prospectus. For additional information, please call 1-888-784-3863, or visit www.ridgeworth.com. Please read the prospectus carefully before investing.
Distributor:
RidgeWorth Distributors LLC

Not FDIC Insured No Bank Guarantee May Lose Value
(GRAPHICS)

 


 

Item 2. Code of Ethics.
     (a) The registrant has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. This code of ethics is included as an exhibit.
     (b) During the period covered by the report, with respect to the registrant’s code of ethics that applies to its principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions; there have been no amendments to, nor any waivers granted from, a provision that relates to any element of the code of ethics definition enumerated in paragraph (b) of this Item 2.
Item 3. Audit Committee Financial Expert.
3(a)(1) The registrant’s board of directors has determined that the registrant has at least one audit committee financial expert serving on its audit committee.
3(a)(2) The audit committee financial expert is Connie McDaniel, who is “independent” for purposes of this Item 3 of Form N-CSR.

 


 

Item 4. Principal Accountant Fees and Services.
                 
    Current Year   Previous Year
(a) Audit Fees
  $ 746,758     $ 746,758  
(b) Audit-Related Fees
  $ 109,670 (1)   $ 109,670 (1)
(c) Tax Fees
  $ 0     $ 0  
(d) All Other Fees
  $ 0     $ 0  
 
(1)   Services related to security count examinations under Rule 17f-2 of the Investment Company Act.
e(1) Except as permitted by Rule 2-01(c)(7)(i)(C) of Regulation S-X, the Trust’s Audit Committee Charter provides that the principal responsibilities of the Committee shall include approving audit and non-audit services an independent accounting firm provides to the Trust (and certain Trust service providers) as required by and in accordance with applicable law. The Committee is authorized to develop policies and procedures, in accordance with applicable law, that provide for the advance pre-approval of some or all audit and non-audit services. The Committee is further authorized to delegate its responsibility to pre-approve audit and non-audit services to one or more members of the Committee, in accordance with applicable law.
e(2) None of the services summarized in (b)-(d), above, were approved by the Audit Committee pursuant to Rule 2-01(c)(7)(i)(C) of Regulation S-X.
(f) Not applicable.
(g)
     
Current Year   Previous Year
$2,402,315 (1)
  $2,760,658 (1)
 
(1)   Non-audit services relate principally to certain technical accounting advice on financial products of SunTrust Banks, Inc.; tax compliance services; review of certain registration statements and regulatory filings; issuance of comfort letters and consents; agreed-upon procedures engagements; regulation AB procedures.
(h) In regards to Item 4 (g), The audit committee has considered that the provision of non-audit services that were rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant’s independence.
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Schedule of Investments.
Not applicable.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
Not applicable.

 


 

Item 11. Controls and Procedures.
          (a) The registrant’s principal executive officer and principal financial officer have concluded, based on their evaluation of the registrant’s disclosure controls and procedures as conducted within 90 days of the filing date of this report, that these disclosure controls and procedures are adequately designed and are operating effectively to ensure that information required to be disclosed by the registrant on Form N-CSR is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms.
          (b) There were no changes in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that have materially affected or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 12. Exhibits.
          (a)(1) The code of ethics that is the subject of the disclosure required by Item 2 is attached hereto.
          (a)(2) Certifications pursuant to Rule 30a-2(a) are attached hereto.
          (a)(3) Not applicable.
          (b) Certifications pursuant to Rule 30a-2(b) are furnished herewith.

 


 

SIGNATURES
          Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) RidgeWorth Funds
         
By (Signature and Title)
  /s/ Martin R. Dean    
 
       
 
       Martin R. Dean, Treasurer, RidgeWorth Funds    
Date 06/07/2010
          Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
         
By (Signature and Title)
  /s/ Julia Short    
 
       
 
       Julia Short, President, RidgeWorth Funds    
 
       
Date 06/07/2010
       
 
       
By (Signature and Title)
  /s/ Martin R. Dean    
 
       
 
       Martin R. Dean, Treasurer, RidgeWorth Funds    
 
       
Date 06/07/2010