|
Summary Prospectus
Large Cap Growth Stock Fund AUGUST 1, 2011 Class / Ticker Symbol A / STCIX C / STCFX I / STCAX |
Before you invest, you may want to review the Fund’s
Prospectus and Statement of Additional Information, which
contain more information about the Fund and its risks. You can
find the Fund’s Prospectus, Statement of Additional
Information and other information about the Fund online at
www.ridgeworth.com/prospectus. You can also get this information
at no cost by calling the Funds at
1-888-784-3863
or by sending an email request to info@ridgeworth.com. The
current Prospectus and Statement of Additional Information,
dated August 1, 2011, are incorporated by reference into
this summary prospectus.
Investment
Objective
The Large Cap Growth Stock Fund (the “Fund”) seeks to
provide capital appreciation.
Fees and Expenses
of the Fund
This table describes the fees and expenses that you may pay if
you buy and hold shares of the Fund. You may qualify for sales
charge discounts if you and your family invest, or agree to
invest in the future, at least $50,000 in RidgeWorth Funds. More
information about these and other discounts is available from
your financial professional and in Sales Charges on page 44
of the Fund’s prospectus and Rights of Accumulation on
page 45 of the Fund’s statement of additional
information.
Shareholder
Fees
(fees paid directly from your investment)
(fees paid directly from your investment)
| A Shares | C Shares | I Shares | ||||||||||
| Maximum Sales Charge (load) Imposed on Purchases (as a % of offering price) | 5.75% | None | None | |||||||||
| Maximum Deferred Sales Charge (load) (as a % of net asset value) | None | 1.00% | None | |||||||||
Annual
Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
(expenses that you pay each year as a percentage of the value of your investment)
| A Shares | C Shares | I Shares | ||||||||||
| Management Fees | 0.97% | 0.97% | 0.97% | |||||||||
| Distribution (12b-1) Fees | 0.30% | 1.00% | None | |||||||||
| Other Expenses | 0.09% | 0.09% | 0.09% | |||||||||
| Total Annual Fund Operating Expenses | 1.36% | 2.06% | 1.06% | |||||||||
Example
This Example is intended to help you compare the cost of
investing in the Fund with the cost of investing in other mutual
funds. The Example assumes that you invest $10,000 in the Fund
for the time periods indicated. The Example also assumes that
your investment has a 5% return each year and that the
Fund’s operating expenses remain the same and you reinvest
all dividends and distributions. Although your actual costs may
be higher or lower, based on these assumptions your costs would
be:
| 1 Year | 3 Years | 5 Years | 10 Years | |||||||||||||
| A Shares | $ | 707 | $ | 983 | $ | 1,280 | $ | 2,123 | ||||||||
|
C Shares
|
$ | 310 | $ | 648 | $ | 1,112 | $ | 2,398 | ||||||||
|
I Shares
|
$ | 108 | $ | 338 | $ | 586 | $ | 1,299 | ||||||||
You would pay the following expenses if you did not redeem
your shares:
| 1 Year | 3 Years | 5 Years | 10 Years | |||||||||||||
| A Shares | $ | 707 | $ | 983 | $ | 1,280 | $ | 2,123 | ||||||||
|
C Shares
|
$ | 210 | $ | 648 | $ | 1,112 | $ | 2,398 | ||||||||
|
I Shares
|
$ | 108 | $ | 338 | $ | 586 | $ | 1,299 | ||||||||
Portfolio
Turnover
The Fund pays transaction costs, such as commissions, when it
buys and sells securities (or “turns over” its
portfolio). A higher portfolio turnover rate may indicate higher
transaction costs and may result in higher taxes when Fund
shares are held in a taxable account. These costs, which are not
reflected in annual fund operating expenses or in the example,
affect the Fund’s performance. During the most recent
fiscal year, the Fund’s portfolio turnover rate was 30% of
the average value of its portfolio.
| August 1, 2011 | 1 | Summary Prospectus |
Principal
Investment Strategies
Under normal circumstances, the Fund invests at least 80% of its
net assets (plus any borrowings for investment purposes) in
common stocks and other U.S.-traded equity securities of
large-capitalization companies. U.S.-traded equity securities
may include American Depositary Receipts (“ADRs”).
Silvant Capital Management LLC (“Silvant” or the
“Subadviser”) considers large-capitalization companies
to be companies with market capitalizations similar to those of
companies in the Russell
1000®
Growth Index. As of July 1, 2011, the market capitalization
range of companies in the Russell
1000®
Growth Index was between approximately $706.3 million and
$400.9 billion. The Subadviser will seek out securities it
believes have strong business fundamentals, such as revenue
growth, improving cash flows, increasing margins and positive
earning trends.
In selecting investments for purchase and sale, the Subadviser
chooses companies that it believes have above average growth
potential to beat expectations. The Subadviser applies
proprietary quantitative models to rank stocks based on
improving fundamentals, valuation, capital deployment and
efficiency and sentiment or behavior factors. It then performs
in-depth fundamental analysis to determine the quality and
sustainability of expectations to determine whether or not the
company is poised to beat expectations. The Subadviser uses a
“bottom-up”
process based on company fundamentals. Risk controls are in
place to assist in maintaining a portfolio that is diversified
by sector and minimizes unintended risks relative to the primary
benchmark.
Principal
Investment Risks
You may lose money if you invest in the Fund. A Fund share is
not a bank deposit and it is not insured or guaranteed by the
Federal Deposit Insurance Corporation or any other government
agency.
Equity Securities Risk: The price of equity securities
fluctuates from time to time based on changes in a
company’s financial condition or overall market and
economic conditions. As a result, the value of the Fund’s
equity securities may fluctuate drastically from day to day.
Growth Stock Risk: “Growth” stocks can react
differently to issuer, political, market and economic
developments than the market as a whole and other types of
stocks. “Growth” stocks typically are sensitive to
market movements because their market prices tend to reflect
future expectations. When it appears those expectations will not
be met, the prices of growth stocks typically fall.
Large-Capitalization Companies Risk: Large-cap stocks 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 small-capitalization companies.
ADR Risk: The Fund may invest in ADRs, which are
depositary receipts issued in registered form by a
U.S. bank or trust company evidencing ownership of
underlying securities issued by a foreign company. Investments
in ADRs involve risks similar to those accompanying direct
investments in foreign securities. These include the risk that
political and economic events unique to a country or region will
affect those markets and their issuers.
Performance
The bar chart and the performance table that follow illustrate
the risks and volatility of an investment in the Fund. The
Fund’s past performance (before and after taxes) does not
indicate how the Fund will perform in the future. Updated
performance information is available by contacting the
RidgeWorth Funds at 1-888-784-3863 or by visiting
www.ridgeworth.com.
This bar chart shows changes in the performance of the
Fund’s I Shares from year to year.*
|
Best Quarter
|
Worst Quarter | |
|
14.85%
|
-21.73% | |
|
(9/30/09)
|
(12/31/08) |
| * | The performance information shown above is based on a calendar year. The Fund’s total return for the six months ended June 30, 2011 was 7.75%. |
The following table compares the Fund’s average annual
total returns for the periods indicated with those of a broad
measure of market performance.
| Summary Prospectus | 2 | August 1, 2011 |
AVERAGE ANNUAL
TOTAL RETURNS
(for periods ended December 31, 2010)
(for periods ended December 31, 2010)
| 1 Year | 5 Years | 10 Years | ||||||||||
| A Shares Returns Before Taxes | 19.93% | 3.81% | 0.59% | |||||||||
| C Shares Returns Before Taxes | 18.96% | 3.07% | 0.00% | |||||||||
| I Shares Returns Before Taxes | 20.27% | 4.12% | 1.06% | |||||||||
| I Shares Returns After Taxes on Distributions | 20.25% | 3.13% | 0.40% | |||||||||
| I Shares Returns After Taxes on Distributions and Sale of Fund Shares | 13.19% | 3.48% | 0.83% | |||||||||
| Russell 1000® Growth Index (reflects no deduction for fees, expenses or taxes) | 16.71% | 3.75% | 0.02% | |||||||||
After-tax returns are calculated using the historical highest
individual U.S. federal marginal income tax rates and do
not reflect the impact of state and local taxes. Your actual
after-tax returns will depend on your tax situation and may
differ from those shown. After-tax returns shown are not
relevant to investors who hold their Fund shares through tax
deferred arrangements, such as 401(k) plans or individual
retirement accounts (“IRAs”). After-tax returns are
shown for only the I Shares. After-tax returns for other share
classes will vary.
Investment
Adviser and Subadviser
RidgeWorth Investments is the Fund’s investment adviser
(the “Adviser”). Silvant Capital Management LLC is the
Fund’s Subadviser.
Portfolio
Management
Mr. Christopher Guinther, President and Chief Investment
Officer of Silvant, and Mr. Michael A. Sansoterra, Managing
Director of Silvant, have co-managed the Fund since 2007. In
addition to Messrs. Guinther and Sansoterra, Mr. Joe
Ransom, CFA, Managing Director of Silvant, and Mr. Sandeep
Bhatia, PhD, CFA, Director of Silvant, have co-managed the Fund
since February 2011.
Purchasing and
Selling Your Shares
You may purchase or redeem Fund shares on any business day. You
may purchase and redeem A and C Shares of the Fund through
financial institutions or intermediaries that are authorized to
place transactions in Fund shares for their customers. Please
contact your financial institution or intermediary directly and
follow its procedures for fund share transactions. The Fund
offers I Shares to financial institutions and intermediaries for
their own accounts or for the accounts of customers for whom
they may act as fiduciary agent, investment adviser, or
custodian. Please consult your financial institution or
intermediary to find out about how to purchase I Shares of
the Fund.
The minimum initial investment amounts for each share class are
shown below, although these minimums may be reduced or waived in
some cases.
| Class | Dollar Amount | |
| A Shares | $2,000 | |
|
C Shares
|
$5,000 ($2,000 for IRAs or other tax qualified accounts) | |
|
I Shares
|
None | |
Subsequent investments in A or C Shares must be made in amounts
of at least $1,000. The Fund may accept investments of smaller
amounts for either class of shares at its discretion. There are
no minimums for subsequent investments in I Shares.
Tax
Information
The Fund’s distributions are generally taxable and will be
taxed as ordinary income or capital gains unless you are
investing through a tax-deferred arrangement, such as a 401(k)
plan or an IRA.
Payments to
Broker-Dealers and Other Financial Intermediaries
If you purchase shares of the Fund through a financial
intermediary, such as a broker-dealer or investment adviser, the
Fund, the Adviser or the Distributor may pay the intermediary
for the sale of Fund shares and related services. These payments
may create a conflict of interest by influencing the
broker-dealer or other financial intermediary and your
salesperson to recommend the Fund over another investment. Ask
your financial intermediary or visit your financial
intermediary’s website for more information.
| August 1, 2011 | 3 | Summary Prospectus |
