-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OVYpuGftOyH74X80w2ucpi2KZHIZvo/BC3DbOeRGvyE/I6ReruGw7Z33CGQKN6Ku +UGTipUATOEbkZ1C9SD6dA== 0000950123-10-100716.txt : 20101104 0000950123-10-100716.hdr.sgml : 20101104 20101104125456 ACCESSION NUMBER: 0000950123-10-100716 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20101104 DATE AS OF CHANGE: 20101104 EFFECTIVENESS DATE: 20101104 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RidgeWorth Funds CENTRAL INDEX KEY: 0000883939 IRS NUMBER: 232678674 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-45671 FILM NUMBER: 101164138 BUSINESS ADDRESS: STREET 1: 3435 STELZER RD. CITY: COLUMBUS STATE: OH ZIP: 43219 BUSINESS PHONE: 6144708000 MAIL ADDRESS: STREET 1: 3435 STELZER RD. CITY: COLUMBUS STATE: OH ZIP: 43219 FORMER COMPANY: FORMER CONFORMED NAME: RIDGEWORTH INVESTMENTS VARIABLE TRUST DATE OF NAME CHANGE: 20080414 FORMER COMPANY: FORMER CONFORMED NAME: RIDGEWORTH DATE OF NAME CHANGE: 20080414 FORMER COMPANY: FORMER CONFORMED NAME: STI CLASSIC FUNDS DATE OF NAME CHANGE: 19920929 0000883939 S000004658 RidgeWorth Large Cap Growth Stock Fund C000012678 A Shares STCIX C000012679 C Shares STCFX C000012680 I Shares STCAX 0000883939 S000004660 RidgeWorth Large Cap Core Equity Fund C000012686 A Shares CFVIX C000012687 C Shares CVIBX C000012688 I Shares CRVAX 0000883939 S000004661 RidgeWorth International Equity Fund C000012689 A Shares SCIIX C000012691 I Shares STITX 0000883939 S000004662 RidgeWorth International Equity Index Fund C000012692 A Shares SIIIX C000012694 I Shares SIEIX 0000883939 S000004663 RidgeWorth Mid-Cap Core Equity Fund C000012695 A Shares SCAIX C000012696 C Shares SCMEX C000012697 I Shares SAGTX 0000883939 S000004664 RidgeWorth Mid-Cap Value Equity Fund C000012698 A Shares SAMVX C000012699 C Shares SMVFX C000012700 I Shares SMVTX 0000883939 S000004665 RidgeWorth Small Cap Growth Stock Fund C000012701 A Shares SCGIX C000012702 C Shares SSCFX C000012703 I Shares SSCTX 0000883939 S000004666 RidgeWorth Small Cap Value Equity Fund C000012704 A Shares SASVX C000012705 C Shares STCEX C000012706 I Shares SCETX 0000883939 S000004667 RidgeWorth Large Cap Quantitative Equity Fund C000012707 A Shares SQEAX C000012709 I Shares SQETX 0000883939 S000004668 RidgeWorth Select Large Cap Growth Stock Fund C000012710 A Shares SXSAX C000012711 C Shares STTFX C000012712 I Shares STTAX 0000883939 S000004669 RidgeWorth Large Cap Value Equity Fund C000012713 A Shares SVIIX C000012714 C Shares SVIFX C000012715 I Shares STVTX 0000883939 S000004673 RidgeWorth Aggressive Growth Stock Fund C000012728 A Shares SAGAX C000012730 I Shares SCATX 0000883939 S000004674 RidgeWorth Emerging Growth Stock Fund C000012731 A Shares SCEAX C000012733 I Shares SEGTX 0000883939 S000004675 RidgeWorth U.S. Government Securities Ultra-Short Bond Fund C000012734 I Shares SIGVX 0000883939 S000004677 RidgeWorth Ultra-Short Bond Fund C000012736 I Shares SISSX 0000883939 S000004679 RidgeWorth High Grade Municipal Bond Fund C000012738 A Shares SFLTX C000012740 I Shares SCFTX 0000883939 S000004680 RidgeWorth Georgia Tax-Exempt Bond Fund C000012741 A Shares SGTEX C000012743 I Shares SGATX 0000883939 S000004681 RidgeWorth High Income Fund C000012744 A Shares SAHIX C000012745 R Shares STHIX C000012746 I Shares STHTX 0000883939 S000004692 RidgeWorth Investment Grade Bond Fund C000012757 A Shares STGIX C000012758 R Shares SCIGX C000012759 I Shares STIGX 0000883939 S000004693 RidgeWorth Investment Grade Tax-Exempt Bond Fund C000012760 A Shares SISIX C000012762 I Shares STTBX 0000883939 S000004694 RidgeWorth Limited-Term Federal Mortgage Securities Fund C000012763 A Shares SLTMX C000012764 C Shares SCLFX C000012765 I Shares SLMTX 0000883939 S000004695 RidgeWorth Maryland Municipal Bond Fund C000012766 A Shares SMMAX C000012768 I Shares CMDTX 0000883939 S000004696 RidgeWorth North Carolina Tax-Exempt Bond Fund C000012769 A Shares SNCIX C000012771 I Shares CNCFX 0000883939 S000004697 RidgeWorth Short-Term Bond Fund C000012772 A Shares STSBX C000012773 C Shares SCBSX C000012774 I SHares SSBTX 0000883939 S000004698 RidgeWorth Short-Term U.S. Treasury Securities Fund C000012775 A Shares STSFX C000012776 C Shares SSUSX C000012777 I Shares SUSTX 0000883939 S000004699 RidgeWorth Corporate Bond Fund C000012778 A Shares SAINX C000012779 C Shares STIFX C000012780 I Shares STICX 0000883939 S000004700 RidgeWorth U.S. Government Securities Fund C000012781 A Shares SCUSX C000012782 C Shares SGUSX C000012783 I Shares SUGTX 0000883939 S000004701 RidgeWorth Virginia Intermediate Municipal Bond Fund C000012784 A Shares CVIAX C000012786 I Shares CRVTX 0000883939 S000004723 RidgeWorth Total Return Bond Fund C000012868 A Shares CBPSX C000012869 R Shares SCBLX C000012870 I Shares SAMFX 0000883939 S000004724 RidgeWorth Intermediate Bond Fund C000012871 A Shares IBASX C000012872 R Shares IBLSX C000012873 I Shares SAMIX 0000883939 S000004725 RidgeWorth Limited Duration Fund C000012874 I Shares SAMLX 0000883939 S000004726 RidgeWorth Prime Quality Money Market Fund C000012875 A Shares SQIXX C000012876 C Shares SQFXX C000012877 I Shares SQTXX 0000883939 S000004727 RidgeWorth Tax-Exempt Money Market Fund C000012878 A Shares SEIXX C000012879 I Shares STTXX 0000883939 S000004728 RidgeWorth U.S. Government Securities Money Market Fund C000012880 A Shares SUIXX C000012881 I Shares STUXX 0000883939 S000004729 RidgeWorth U.S. Treasury Money Market Fund C000012882 A Shares SATXX C000012883 I Shares CUSXX 0000883939 S000004730 RidgeWorth Virginia Tax-Free Money Market Fund C000012884 A Shares CIAXX C000012885 I Shares CFMXX 0000883939 S000004731 RidgeWorth Institutional Cash Management Money Market Fund C000012886 Institutional Shares CICXX 0000883939 S000004732 RidgeWorth Institutional U.S. Government Securities Money Market Fund C000012887 Institutional Shares CRGXX 0000883939 S000004733 RidgeWorth Institutional U.S. Treasury Securities Money Market Fund C000012888 Corporate Trust Shares C000012889 Institutional Shares CIUXX 0000883939 S000004734 RidgeWorth Institutional Municipal Cash Reserve Money Market Fund C000012890 Institutional Shares CMRXX 0000883939 S000004735 RidgeWorth Aggressive Growth Allocation Strategy C000012891 A Shares SLAAX C000012893 I Shares CVMGX C000012894 C Shares CLVLX 0000883939 S000004736 RidgeWorth Conservative Allocation Strategy C000012895 A Shares SVCAX C000012897 I Shares SCCTX C000012898 C Shares SCCLX 0000883939 S000004737 RidgeWorth Growth Allocation Strategy C000012899 A Shares SGIAX C000012901 I Shares CLVGX C000012902 C Shares SGILX 0000883939 S000004738 RidgeWorth Moderate Allocation Strategy C000012903 A Shares SVMAX C000012905 I Shares CLVBX C000012906 C Shares SVGLX 0000883939 S000004750 RidgeWorth Seix High Yield Fund C000012926 A Shares HYPSX C000012927 R Shares HYLSX C000012928 I Shares SAMHX 0000883939 S000011297 RidgeWorth Seix Floating Rate High Income Fund C000031119 A Shares SFRAX C000031120 C Shares SFRCX C000031121 I Shares SAMBX 0000883939 S000019871 RidgeWorth International Equity 130/30 Fund C000055734 A Shares SIELX C000055736 I Shares SCEIX 0000883939 S000019872 RidgeWorth US Equity 130/30 Fund C000055737 A Shares SUEAX C000055739 I Shares SUEIX 0000883939 S000019873 RidgeWorth Real Estate 130/30 Fund C000055740 A Shares SREGX C000055742 I Shares SRIEX 0000883939 S000022917 RidgeWorth Seix Global Strategy Fund C000066446 A Shares CGSAX C000066448 I Shares CGSIX 497 1 l41034a1e497.htm THE RIDGEWORTH FUNDS e497
RIDGEWORTH FUNDS
Supplement dated November 4, 2010 to the
Statement of Additional Information

Dated August 1, 2010, as supplemented
    The RidgeWorth Funds (the “Trust”) Board of Trustees (“Trustees”) has approved changes to certain of the Trust’s non-fundamental policies, service providers and officers. State Street Bank and Trust Company will serve as the Equity and Fixed Income Funds’ new custodian, administrator and fund accountant. Boston Financial Data Services, Inc. will serve as the Equity and Fixed Income Funds’ new transfer agent. The Statement of Additional Information (“SAI”) is hereby amended and supplemented as follows:
1)   The SAI is amended by removing Non-Fundamental Policy 6 on page 37.
2)   The SAI is amended by replacing Compliance Service Fees on pages 41 and 42 with the following:
 
    Compliance Service Fees. 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 that assists the Trust’s Chief Compliance Officer (“CCO”). The Investment Adviser receives an annual fee approved by the Trustees for these services. In addition, Foreside Compliance Services, LLC (“FCS”) provides (i) the individual that serves as the Trust’s CCO, and supporting personnel, at a rate of $23,000 per month pursuant to a Fund Compliance Services Agreement; (ii) personnel to assist the compliance staff provided to the Trust by the Investment Adviser, particularly in connection with oversight of the Trust’s service providers, pursuant to a CCO Support Services Agreement at a rate of $5,000 per month, and (iii) an Anti-Money Laundering Officer and Identity Theft Prevention Officer to the Trust (“AML Officer”) under an AML Services Agreement. FCS does not receive additional compensation for the services of the AML Officer. The fees above are allocated based on average daily net assets of the Trust. Finally, Foreside Management Services, LLC provides a Principal Financial Officer and Treasurer to the Trust under a PFO/Treasurer Services Agreement.
 
3)   The SAI is amended by replacing the information (except the table) in the section entitled THE ADMINISTRATOR on page 56 with the following:
 
    General. State Street Bank and Trust Company (the “Administrator”) serves as administrator of the Equity Funds and the Fixed Income Funds. The Administrator has its principal business offices at State Street Financial Center, 1 Lincoln Street, Boston, Massachusetts 02111. The Administrator provides administration services to other investment companies.
 
    Administration Agreement with the Trust. The Trust and the Administrator have entered into an Administration Agreement dated August 30, 2010. Under the Administration Agreement, the Administrator provides the Trust with administrative services, including day-to-day administration of matters necessary to each Fund’s operations, maintenance of records and the books of the Trust, preparation of reports, assistance with compliance monitoring of the Funds’ activities, and certain supplemental services in connection with the Trust’s obligations under the Sarbanes-Oxley Act of 2002.

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    The Administration Agreement provides that it shall remain in effect until November 1, 2013 and shall continue in effect for successive one-year periods unless terminated by either party on not less than 90 days written notice to the other party.
 
    Under the Administration Agreement, the Administrator is entitled to receive an asset-based fee, which is calculated daily and paid monthly at an annual rate based on the average daily net assets of the Trust (excluding the Money Market Funds) for administration services as follows: 0.01% on the first $35 billion of net assets, 0.0075% on the next $20 billion of net assets, 0.0050% on the next $10 billion of assets and 0.0025% on net assets thereafter. There is a minimum annual charge of $45,000 per fund.
 
    Money Market Fund Administrator. Effective November 1, 2010, Citi Fund Services Ohio, Inc. serves as administrator of the Money Market Funds (the “Money Market Fund Administrator”). Prior to November 1, 2010, the Money Market Fund Administrator served as administrator of all series of the Trust. Prior to the acquisition of the Money Market Fund Administrator by a subsidiary of Citibank N.A. on August 1, 2007, the Administrator was known as BISYS Fund Services Ohio, Inc. The Money Market Fund Administrator, an Ohio corporation, has its principal business offices at 3435 Stelzer Road, Columbus, Ohio 43219. The Administrator provides administration services to other investment companies.
 
    The Trust and the Money Market Fund Administrator have entered into a master services agreement (the “Master Services Agreement”). Under the Master Services Agreement, the Money Market Fund Administrator provides the Trust with administrative services, including day-to-day administration of matters necessary to each Fund’s operations, maintenance of records and the books of the Trust, preparation of reports, assistance with compliance monitoring of the Funds’ activities, and certain supplemental services in connection with the Trust’s obligations under the Sarbanes-Oxley Act of 2002; fund accounting services; transfer agency services and shareholder services.
 
    The Master Services Agreement provides that it shall remain in effect until December 31, 2010 and shall continue in effect for successive one year periods subject to review at least annually by the Trustees of the Trust unless terminated by either party on not less than 90 days written notice to the other party.
 
    Under the Master Services Agreement, the Money Market Fund Administrator is entitled to receive an asset-based fee for administration, fund accounting, transfer agency and shareholder services (expressed as a percentage of the combined average daily net assets of the Money Market Funds) of 2.75 basis points (0.0275%) on the first $25 billion, 2.25 basis points (0.0225%) on the next $5 billion, and 1.75 basis points (0.0175%) on the amounts over $30 billion, plus an additional class fee of $2,930 per class annually, applicable to each additional class of shares over 145 classes of shares. The Administrator may waive a portion of its fee.
 
    For the fiscal years ended March 31, 2010, March 31, 2009 and March 31, 2008, the Funds paid the administrative fees listed in the table below to the Money Market Fund Administrator in its capacity as administrator to the Trust during that period:

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4)   The SAI is amended by replacing a similar table under the section entitled Participation Payment Program on page 72 with the following:
         
         
  Citigroup Global Markets Inc./Smith Barney*
    UBS Financial Services Inc.  
         
*   Citigroup Global Markets Inc. /Smith Barney is an indirect affiliate of Citi Fund Services Ohio, Inc., the Money Market Fund Administrator and former administrator for all Funds of the Trust.
5)   The SAI is amended by replacing THE TRANSFER AGENT on page 74 with the following:
 
    Boston Financial Data Services, Inc., Crown Colony Drive, Quincy, Massachusetts 02169, serves as the transfer agent and dividend paying agent to the Trust.
6)   The SAI is amended by replacing THE CUSTODIAN on pages 74 and 75 with the following:
 
    State Street Bank and Trust Company (“State Street Bank”), 200 Clarendon Street, P.O. Box 642, Boston, MA, 02117-0642 serves as the fund accounting agent and custodian for the Trust pursuant to a Custodian Agreement dated August 30, 2010. The custodian is responsible for the safekeeping of the assets of the Funds and the fund accounting agent is responsible for calculating the Funds’ net asset values. State Street Bank is paid on the basis of net assets and transaction costs of the Funds.
 
    State Street Bank also serves as the custodian and fund accounting agent for the collateral reinvestment account in which collateral on behalf of the Funds’ securities lending program is maintained.

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7)   The SAI is amended by replacing a similar table under the section entitled Trust Officers on pages 83 to 84 with the following:
             
        Term of Office    
Name, Address   Position(s) Held   and Length    
and Age   with Trust   of Time Served   Principal Occupation(s) During the Past 5 Years
 
Julia R. Short
50 Hurt Plaza
Suite 1400
Atlanta, GA 30303
  President and Chief Executive Officer   One year; since June 2007   Managing Director, Product Manager, RidgeWorth Investments. (since 2004); Relationship Manager, SEI Investments (financial services) (1994 - 2004).
 
           
Age: 37
           
 
           
William R. Royer
Foreside Compliance Services, LLC
10 High Street,
Suite 302A
Boston, MA 02110
  Chief Compliance
Officer
  One year; since October 2010   President, Foreside Compliance Services, LLC (November 2009-present); Acting General Counsel, Baring Asset Management, Inc. (December 2007-May 2008) and General Counsel and Member, Grantham, Mayo, Van Otterloo & Co., LLC (February 1995-March 2005).
 
           
Age: 45
           
 
           
Cynthia L. Morse-Griffin
Foreside Management Services, LLC
Three Canal Plaza,
Suite 100
Portland, ME 04101
  Treasurer; Chief Financial Officer and Chief Accounting Officer   One year; since October 2010   Fund Principal Financial Officer, Foreside Management Services, LLC (2008-present); Assistant Vice President, Citigroup Fund Services, LLC (2001-2008).
 
           
Age: 34
           
 
           
Alan Otis
State Street Bank and Trust Co.
4 Copley Place, 5th Fl.
Boston, MA 02116
  Assistant Treasurer   One year; since October 2010   Vice President, State Street Bank and Trust Company (1995 - present).*
 
           
Age: 39
           
 
           
James Bacik
State Street Bank and Trust Co.
4 Copley Place, 5th Fl.
Boston, MA 02116
  Assistant Treasurer   One year; Since October 2010   Assistant Vice President, State Street Bank and Trust Company (2001 - - present).*
 
           
Age: 35
           

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        Term of Office    
Name, Address   Position(s) Held   and Length    
and Age   with Trust   of Time Served   Principal Occupation(s) During the Past 5 Years
 
James M. Atwood
Foreside Compliance Services, LLC
Three Canal Plaza,
Suite 100
Portland, ME 04101
  Anti-Money Laundering Officer and Identity Theft Prevention Officer   One year; Since October 2010   Compliance Analyst, Foreside Compliance Services, LLC (2007-present); personal sabbatical (2004-2007); Attorney, Pierce Atwood (law firm) (2001-2004).
 
           
Age: 46
           
 
           
Julie A. Tedesco
State Street Bank and Trust Co.
4 Copley Place, 5th Fl.
MailStop: 0326
Boston, MA 02116
  Secretary and Chief Legal Officer   One year; since November 2010   Senior Vice President and Senior Managing Counsel, State Street Bank and Trust Company (2000 - - present).*
 
           
Age: 53
           
 
           
Odeh L. Stevens
State Street Bank and Trust Company
Mail Code: JHT 1732
200 Clarendon Street
Boston, MA 02116
  Assistant Secretary   One year; since November 2010   Vice President and Counsel, State Street Bank and Trust Company, since 2005. Legal Product Manager, Fidelity Investments (2000-2005).
 
           
Age: 42
           
 
    * During the period indicated the Officer has held various positions at State Street Bank and Trust Company and has provided his or her current title.
8)   The SAI is amended by replacing the fifth and sixth paragraphs under PORTFOLIO HOLDINGS on page 103 with the following:
 
    Portfolio holdings for previous month-ends are available for each series of the Trust. To request this historical information without charge, call 1-888-784-3863, or write to the Trust at RidgeWorth Funds, P.O. Box 8053, Boston, MA 02266-8053.
 
    In addition to information provided to shareholders and the general public, from time to time rating and ranking organizations, such as S&P and Morningstar, Inc., may request complete portfolio holdings information in connection with rating the Funds. In most cases, portfolio holdings information is provided to ratings agencies by the Trust’s Administrator. Institutional investors, financial planners, pension plan sponsors and/or their consultants may request a complete list of portfolio holdings in order to assess the risks of a Fund’s portfolio along with related performance attribution statistics. The Trust believes that these third parties, which include affiliated persons, have legitimate objectives in requesting such portfolio holdings information. The Trust may also disclose the portfolio holdings to broker-dealers in

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    order to allow the Funds to potentially sell portfolio securities. The Trust’s policies and procedures provide that the Investment Adviser’s CCO may authorize disclosure of portfolio holdings information to such parties at differing times and/or with different lag times to such third parties provided that the recipient is by contractual agreement (i) required to maintain the confidentiality of the information and (ii) prohibited from using the information to facilitate or assist in any securities transactions.
 
9)   The SAI is amended by replacing the second paragraph under PROXY VOTING on page 106 with the following:
 
    Information regarding how the Funds’ voted proxies during the most recent twelve-month period ended June 30 has been filed with the SEC on Form N-PX. The Funds’ proxy voting record, along with the Funds’ full proxy voting policies and procedures, is available on the Funds’ website at www.ridgeworth.com, without charge upon request by calling 1-888-784-3863, or by writing to the Funds at RidgeWorth Funds, P.O. Box 8053, Boston, MA 02266-8053. The Funds’ proxy voting record is also available on the SEC’s website at www.sec.gov.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.
RFSP-127

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