-----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, JkahCt03HxKRK34JL6YdkaZmt+VUOsBXTV7sygghm7pVbDt33APMqKH6pmzFnS58 fcjjZhvhiRZhxU54cyyupg== 0000950152-08-010149.txt : 20081210 0000950152-08-010149.hdr.sgml : 20081210 20081210124031 ACCESSION NUMBER: 0000950152-08-010149 CONFORMED SUBMISSION TYPE: N-CSRS PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20080930 FILED AS OF DATE: 20081210 DATE AS OF CHANGE: 20081210 EFFECTIVENESS DATE: 20081210 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: N-CSRS SEC ACT: 1940 Act SEC FILE NUMBER: 811-06557 FILM NUMBER: 081240362 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 C000012690 C Shares SIEFX C000012691 I Shares STITX 0000883939 S000004662 RidgeWorth International Equity Index Fund C000012692 A Shares SIIIX C000012693 C Shares SIIFX 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 C000012708 C Shares SQELX 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 C000012729 C Shares SAGLX C000012730 I Shares SCATX 0000883939 S000004674 RidgeWorth Emerging Growth Stock Fund C000012731 A Shares SCEAX C000012732 C Shares SEGLX 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 C000012739 C Shares SCFEX C000012740 I Shares SCFTX 0000883939 S000004680 RidgeWorth Georgia Tax-Exempt Bond Fund C000012741 A Shares SGTEX C000012742 C Shares SCGTX C000012743 I Shares SGATX 0000883939 S000004681 RidgeWorth High Income Fund C000012744 A Shares SAHIX C000012745 C Shares STHIX C000012746 I Shares STHTX 0000883939 S000004692 RidgeWorth Investment Grade Bond Fund C000012757 A Shares STGIX C000012758 C Shares SCIGX C000012759 I Shares STIGX 0000883939 S000004693 RidgeWorth Investment Grade Tax-Exempt Bond Fund C000012760 A Shares SISIX C000012761 C Shares SCITX 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 C000012767 C Shares CMDBX C000012768 I Shares CMDTX 0000883939 S000004696 RidgeWorth North Carolina Tax-Exempt Bond Fund C000012769 A Shares SNCIX C000012770 C Shares SNCLX C000012771 I Shares CNCTX 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 Strategic Income 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 C000012785 C Shares SVILX C000012786 I Shares CRVTX 0000883939 S000004723 RidgeWorth Total Return Bond Fund C000012868 A Shares CBPSX C000012869 C Shares SCBLX C000012870 I Shares SAMFX 0000883939 S000004724 RidgeWorth Intermediate Bond Fund C000012871 A Shares IBASX C000012872 C 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 Life Vision Aggressive Growth Fund C000012891 A Shares SLAAX C000012892 B Shares SLABX C000012893 I Shares CVMGX C000012894 C Shares CLVLX 0000883939 S000004736 RidgeWorth Life Vision Conservative Fund C000012895 A Shares SVCAX C000012896 B Shares SCCBX C000012897 I Shares SCCTX C000012898 C Shares SCCLX 0000883939 S000004737 RidgeWorth Life Vision Growth and Income Fund C000012899 A Shares SGIAX C000012900 B Shares SGIBX C000012901 I Shares CLVGX C000012902 C Shares SGILX 0000883939 S000004738 RidgeWorth Life Vision Moderate Growth Fund C000012903 A Shares SVMAX C000012904 B Shares SVGBX C000012905 I Shares CLVBX C000012906 C Shares SVGLX 0000883939 S000004739 RidgeWorth Life Vision Target Date 2015 Fund C000012907 A Shares LVFAX C000012908 C Shares LVFCX C000012909 I Shares LVFIX 0000883939 S000004740 RidgeWorth Life Vision Target Date 2025 Fund C000012910 A Shares LVTAX C000012911 C Shares LVTCX C000012912 I Shares LVTIX 0000883939 S000004741 RidgeWorth Life Vision Target Date 2035 Fund C000012913 A Shares LVRAX C000012914 C Shares LVRCX C000012915 I Shares LVRIX 0000883939 S000004750 Seix High Yield Fund C000012926 A Shares HYPSX C000012927 C Shares HYLSX C000012928 I Shares SAMHX 0000883939 S000011297 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 C000055735 C Shares SCIQX C000055736 I Shares SCEIX 0000883939 S000019872 RidgeWorth US Equity 130/30 Fund C000055737 A Shares SUEAX C000055738 C Shares SUECX C000055739 I Shares SUEIX 0000883939 S000019873 RidgeWorth Real Estate 130/30 Fund C000055740 A Shares SREGX C000055741 C Shares SRELX C000055742 I Shares SRIEX 0000883939 S000022917 Seix Global Strategy Fund C000066446 A Shares C000066447 C Shares C000066448 I Shares N-CSRS 1 l34238anvcsrs.htm FORM N-CSRS FORM N-CSRS
 
 
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: 09/30/2008
     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.
(RIDGEWORTH INVESTMENTS LOGO)
2008 Semi-Annual Report
Equity Funds
September 30, 2008
(GRAPHIC)

 


 

TABLE OF CONTENTS
RIDGEWORTH FUNDS September 30, 2008
         
Letter to Shareholders
    1  
 
       
Industry Allocations
    3  
 
       
Schedules of Portfolio Investments
    7  
 
       
Statements of Assets and Liabilities
    60  
 
       
Statements of Operations
    64  
 
       
Statements of Cash Flows
    68  
 
       
Statements of Changes in Net Assets
    69  
 
       
Financial Highlights
    81  
 
       
Notes to Financial Statements
    93  
 
       
Trustees and Officers of the RidgeWorth Funds
    109  
 
       
Additional Information
    111  

 


 

LETTER TO SHAREHOLDERS
September 30, 2008
Dear Valued RidgeWorth Funds Shareholder,
The past six months has been challenging for the economy and the markets. Economic headwinds intensified in the U.S. and spread globally despite lower oil prices and significant Federal Reserve (the “Fed”) and Treasury intervention. Of greater near-term importance was the further deterioration in credit and liquidity market conditions worldwide, which heightened investor nervousness and increased market volatility. Equity prices fell broadly and the S&P 500 was off 22% over the trailing 12-months as the markets neared the one-year “anniversary” of the previous market high on October 9, 2007.
The consumer continued to suffer the brunt of the economic downturn with job losses, rising unemployment, weak housing market, and tight credit conditions dampening confidence and spending following the end of the tax rebate program. However slower consumer spending inevitably affects business production and that was the case in the past six months when output and orders growth turned negative.
There was some constructive news however in the form of lower inflation. Energy prices soared then fell from record real and nominal levels as the mania momentum that drove the price of oil to $147/barrel finally succumbed to falling demand for petroleum. The dollar surged relative to other currencies as data suggested European growth would also slow and demand for imports from emerging markets would fall.
The Fed lowered then held the policy fed funds rate steady at 2% through the end of the six month period under review, and it increased the amount of liquidity to the banking system to address mounting liquidity and credit strains. RidgeWorth constructed a timeline of the major support initiatives from the Fed, Treasury, and Congress to provide a sense of the breadth of innovation and support to the markets, which is available on our website www.ridgeworthfunds.com.
Equity markets benefited from Treasury intervention, but ultimately succumbed to increased strains in the economy, credit markets and liquidity availability. Bond yields rose but T-bill rates fell and the yield curve steepened. Treasuries gained on a flight to quality, while Corporate and High Yield bonds fell dramatically as credit spreads widened sharply.
As we finish 2008 and head toward 2009, economic recession, an important market challenge, has now been conceded by most, which historically and ironically has been a sign that the worst is behind us. Additionally, the current credit crisis and the specter of deleveraging remain important immediate challenges. We project labor markets may remain soft for some time, though we are hopeful that recent data from the housing market could be an early sign that home prices may soon finally begin to stabilize. We expect both headline and core inflation to moderate in the months ahead, which we believe could help provide a more stable base for future growth. Since the U.S. entered the current slowdown period prior to the rest of the world, we look for domestic growth to reemerge from the current recession first, which may support the dollar a while longer into 2009.
We believe the impact of aggressive policy response from the Fed, Treasury, Congress, and foreign central banks will be positive for the markets, pushing credit spreads lower and improving liquidity, though it is difficult to predict the timing and magnitude of the improvement. Interest rates are likely to remain low and range-bound during this initiative. After the “dust” clears from the current market turmoil, we anticipate significant changes in market regulation and structure. Among the potential changes could be a single financial markets regulator, a global clearinghouse for derivatives, and a new look for the government sponsored enterprises.

1


 

From time to time we must report to you a difficult market environment, and this is such a time. At present, the markets are operating in crisis mode where fear dominates reason. These periods have historically been painful but short. As we monitor conditions for signs of improvement, we are focusing on short-term credit spreads near-term, while more signs of reduced housing stress are important longer-term. We believe stocks are reasonably valued on an absolute basis and very undervalued relative to bonds. Moreover, we see investment opportunities emerging in bond markets.
We are pleased to report that in a difficult environment the RidgeWorth Funds have performed well against their peer group averages. Our focus and daily mindset is to provide you our valued client, with the best we have every day. We appreciate the trust you place with us in caring for and growing your portfolio and we strive to earn that trust over and over. We hope you will contact your investment representative with any questions you may have.
     
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.

2


 

INDUSTRY ALLOCATION (As a percentage of Total Investments)
RIDGEWORTH FUNDS September 30, 2008
(Unaudited)
Aggressive Growth Stock Fund
         
Information Technology
    29.7 %
Health Care
    20.7 %
Short-Term Investments
    14.0 %
Financials
    12.9 %
Consumer Discretionary
    12.8 %
Telecommunication Services
    5.5 %
Industrials
    3.8 %
Money Market Funds
    0.6 %
Emerging Growth Stock Fund
         
Information Technology
    22.0 %
Financials
    17.5 %
Consumer Discretionary
    16.6 %
Health Care
    16.3 %
Short-Term Investments
    14.3 %
Industrials
    5.1 %
Telecommunication Services
    4.3 %
Money Market Funds
    3.6 %
Energy
    0.3 %
International Equity Fund 130/30 Fund (Long)
         
Financials
    19.8 %
Industrials
    17.3 %
Materials
    14.0 %
Consumer Staples
    11.0 %
Consumer Discretionary
    10.6 %
Health Care
    7.1 %
Information Technology
    5.1 %
Energy
    4.9 %
Transportation
    3.5 %
Short-Term Investments
    3.5 %
Utilities
    1.4 %
Insurance
    1.2 %
Telecommunications
    0.6 %
International Equity Fund 130/30 Fund (Short)
         
Consumer Discretionary
    (24.1 )%
Industrials
    (20.6 )%
Materials
    (14.4 )%
Health Care
    (11.5 )%
Energy
    (11.0 )%
Consumer Staples
    (8.3 )%
Telecommunications
    (4.3 )%
Transportation
    (4.0 )%
Information Technology
    (1.8 )%
International Equity Fund
         
Financials
    27.2 %
Industrials
    11.2 %
Short-Term Investments
    9.3 %
Energy
    8.7 %
Consumer Discretionary
    8.2 %
Materials
    7.3 %
Health Care
    7.1 %
Consumer Staples
    6.3 %
Telecommunication Services
    5.0 %
Information Technology
    4.4 %
Utilities
    4.2 %
Exchange Traded Funds
    1.1 %
International Equity Index Fund
         
Financials
    23.8 %
Industrials
    10.6 %
Short-Term Investments
    10.5 %
Consumer Discretionary
    10.1 %
Materials
    7.5 %
Utilities
    7.2 %
Energy
    6.8 %
Telecommunication Services
    5.9 %
Consumer Staples
    5.9 %
Health Care
    4.6 %
Information Technology
    4.5 %
Exchange Traded Funds
    2.0 %
Metals
    0.3 %
Transportation
    0.3 %
Large Cap Core Equity Fund
         
Short-Term Investments
    18.4 %
Information Technology
    17.3 %
Financials
    12.5 %
Energy
    10.1 %
Health Care
    10.0 %
Consumer Staples
    9.9 %
Consumer Discretionary
    7.7 %
Industrials
    7.4 %
Materials
    2.8 %
Telecommunication Services
    2.5 %
Utilities
    1.4 %
Large Cap Growth Stock Fund
         
Information Technology
    21.1 %
Health Care
    14.1 %
Short-Term Investments
    13.6 %
Consumer Staples
    12.9 %
Industrials
    11.1 %
Energy
    9.0 %
Consumer Discretionary
    6.8 %
Financials
    4.4 %
Money Market Funds
    3.7 %
Materials
    3.3 %
Portfolio composition is subject to change.

3


 

INDUSTRY ALLOCATION (As a percentage of Total Investments)
RIDGEWORTH FUNDS September 30, 2008
(Unaudited)
Large Cap Quantitative Equity Fund
         
Information Technology
    16.6 %
Financials
    15.8 %
Energy
    14.1 %
Consumer Staples
    12.7 %
Health Care
    11.7 %
Industrials
    11.2 %
Consumer Discretionary
    8.0 %
Utilities
    3.2 %
Telecommunication Services
    3.0 %
Materials
    2.9 %
Diversified Operations
    0.8 %
Large Cap Value Equity Fund
         
Industrials
    13.8 %
Short-Term Investments
    13.7 %
Financials
    12.7 %
Energy
    12.0 %
Consumer Discretionary
    10.1 %
Consumer Staples
    7.3 %
Health Care
    7.3 %
Money Market Funds
    5.7 %
Information Technology
    5.1 %
Utilities
    4.6 %
Telecommunication Services
    4.3 %
Materials
    3.4 %
Mid-Cap Core Equity Fund
         
Short-Term Investments
    26.0 %
Information Technology
    12.7 %
Financials
    11.9 %
Consumer Discretionary
    11.2 %
Industrials
    9.0 %
Health Care
    7.2 %
Energy
    6.7 %
Consumer Staples
    4.7 %
Utilities
    4.1 %
Materials
    3.6 %
Telecommunication Services
    1.3 %
Exchange Traded Funds
    0.9 %
Money Market Funds
    0.7 %
Mid-Cap Value Equity Fund
         
Short-Term Investments
    22.5 %
Financials
    18.9 %
Utilities
    8.9 %
Energy
    8.5 %
Consumer Discretionary
    7.8 %
Information Technology
    6.2 %
Materials
    6.2 %
Consumer Staples
    5.2 %
Money Market Funds
    5.1 %
Health Care
    4.2 %
Industrials
    3.9 %
Telecommunication Services
    2.6 %
Real Estate 130/30 Fund (Long)
         
Retail
    19.6 %
Office
    17.1 %
Health Care
    14.7 %
Hotels & Leisure Properties
    10.1 %
Residential
    9.6 %
Industrial
    7.7 %
Diversified
    5.5 %
Casinos & Gaming
    5.0 %
Land & Forest Products
    3.6 %
Homebuilders
    2.1 %
Real Estate Services
    1.9 %
Heavy Construction
    1.8 %
Mortgage
    1.3 %
Real Estate 130/30 Fund (Short)
         
Hotels & Leisure Properties
    (39.6 )%
Health Care
    (16.9 )%
Homebuilders
    (8.4 )%
Heavy Construction
    (8.3 )%
Casinos & Gaming
    (6.9 )%
Retail
    (6.0 )%
Mortgage
    (4.5 )%
Diversified
    (3.5 )%
Residential
    (2.3 )%
Office
    (1.9 )%
Real Estate Services
    (1.2 )%
Industrial
    (0.5 )%
Select Large Cap Growth Stock Fund
         
Information Technology
    23.7 %
Health Care
    15.0 %
Consumer Staples
    12.2 %
Short-Term Investments
    11.1 %
Energy
    9.2 %
Consumer Discretionary
    7.4 %
Industrials
    7.3 %
Money Market Funds
    6.9 %
Financials
    3.7 %
Materials
    3.5 %
Small Cap Growth Stock Fund
         
Short-Term Investments
    30.9 %
Health Care
    17.7 %
Information Technology
    15.1 %
Consumer Discretionary
    10.2 %
Industrials
    7.0 %
Financials
    5.0 %
Materials
    4.1 %
Energy
    3.7 %
Consumer Staples
    2.8 %
Money Market Funds
    1.9 %
Transportation
    1.6 %
Portfolio composition is subject to change.

4


 

INDUSTRY ALLOCATION (As a percentage of Total Investments)
RIDGEWORTH FUNDS September 30, 2008
(Unaudited)
Small Cap Value Equity Fund
         
Short-Term Investments
    28.7 %
Consumer Discretionary
    16.0 %
Financials
    11.9 %
Industrials
    11.4 %
Health Care
    10.9 %
Money Market Funds
    6.1 %
Materials
    4.8 %
Information Technology
    3.9 %
Energy
    3.3 %
Telecommunication Services
    1.7 %
Consumer Staples
    0.8 %
Utilities
    0.5 %
U.S. Equity 130/30 Fund (Long)
         
Financials
    16.4 %
Health Care
    15.2 %
Industrials
    12.4 %
Information Technology
    11.0 %
Energy
    9.1 %
Consumer Discretionary
    8.4 %
Consumer Staples
    7.8 %
Telecommunication Services
    4.0 %
Materials
    3.0 %
Oil & Gas
    2.9 %
Utilities
    2.3 %
Commercial Services
    2.0 %
Retail
    2.0 %
Software
    0.8 %
Machinery
    0.6 %
Insurance
    0.5 %
Media
    0.4 %
Semiconductors
    0.4 %
Aerospace/Defense
    0.3 %
Short-Term Investments
    0.3 %
Diversified Operations
    0.2 %
U.S. Equity 130/30 Fund (Short)
         
Industrials
    (14.0 )%
Health Care
    (11.7 )%
Insurance
    (8.7 )%
Information Technology
    (7.9 )%
Commercial Services
    (7.0 )%
Energy
    (5.8 )%
Materials
    (5.0 )%
Oil & Gas
    (4.9 )%
Software
    (4.4 )%
Consumer Discretionary
    (4.3 )%
Transportation
    (4.2 )%
Retail
    (3.6 )%
Pipelines
    (3.4 )%
Utilities
    (3.3 )%
Financials
    (2.9 )%
Environmental Control
    (2.4 )%
Semiconductors
    (2.3 )%
Telecommunication Services
    (2.3 )%
Media
    (1.0 )%
Aerospace/Defense
    (0.9 )%
Life Vision Aggressive Growth Fund
         
Equity Funds
    96.7 %
Money Market Funds
    2.3 %
Exchange Traded Funds
    1.0 %
Life Vision Conservative Fund
         
Fixed Income Funds
    76.2 %
Equity Funds
    21.3 %
Money Market Funds
    2.3 %
Exchange Traded Funds
    0.2 %
Life Vision Growth and Income Fund
         
Equity Funds
    68.1 %
Fixed Income Funds
    29.3 %
Money Market Funds
    1.9 %
Exchange Traded Funds
    0.7 %
Life Vision Moderate Growth Fund
         
Equity Funds
    48.8 %
Fixed Income Funds
    48.3 %
Money Market Funds
    2.4 %
Exchange Traded Funds
    0.5 %
Portfolio composition is subject to change.

5


 

INDUSTRY ALLOCATION (As a percentage of Total Investments)
RIDGEWORTH FUNDS September 30, 2008
(Unaudited)
Life Vision Target Date 2015 Fund
         
Equity Funds
    58.5 %
Fixed Income Funds
    38.7 %
Money Market Funds
    2.2 %
Exchange Traded Funds
    0.6 %
Life Vision Target Date 2025 Fund
         
Equity Funds
    75.1 %
Fixed Income Funds
    21.4 %
Money Market Funds
    2.7 %
Exchange Traded Funds
    0.8 %
Life Vision Target Date 2035 Fund
         
Equity Funds
    85.6 %
Fixed Income Funds
    10.8 %
Money Market Funds
    2.7 %
Exchange Traded Funds
    0.9 %
Portfolio composition is subject to change.

6


 

SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Aggressive Growth Stock Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Common Stocks (99.6%)
Consumer Discretionary (14.9%)
Amazon.com, Inc.*(a)
    44,000       3,202  
Best Buy Co., Inc.(a)
    65,100       2,441  
Blue Nile, Inc.*
    124,100       5,320  
Coach, Inc.*(a)
    152,800       3,826  
eBay, Inc.*
    210,000       4,700  
Focus Media Holding Ltd., ADR*
    122,200       3,484  
Life Time Fitness, Inc.*
    110,100       3,443  
Monster Worldwide, Inc.*(a)
    118,200       1,762  
Nordstrom, Inc. 
    119,400       3,441  
Urban Outfitters, Inc.*(a)
    71,700       2,285  
VistaPrint Ltd.*
    175,800       5,773  
                 
              39,677  
                 
Financials (15.1%)
Alliance Data Systems Corp.*(a)
    143,900       9,120  
BlackRock, Inc.(a)
    63,400       12,331  
Euronet Worldwide, Inc.*
    237,100       3,967  
Greenhill & Co., Inc. 
    35,100       2,589  
Huron Consulting Group, Inc.*
    69,100       3,937  
IntercontinentalExchange, Inc.*
    8,700       702  
MSCI, Inc., Cl A*
    76,000       1,824  
Portfolio Recovery Associates, Inc.*
    114,600       5,573  
                 
              40,043  
                 
Health Care (24.1%)
Alcon, Inc. 
    18,200       2,939  
ArthroCare Corp.*
    94,900       2,631  
Celgene Corp.*(a)
    96,600       6,113  
Covance, Inc.*
    53,000       4,686  
Genentech, Inc.*
    85,600       7,591  
Gilead Sciences, Inc.*
    283,100       12,904  
Hologic, Inc.*
    265,100       5,124  
IDEXX Laboratories, Inc.*
    70,500       3,863  
Intuitive Surgical, Inc.*
    18,400       4,434  
Psychiatric Solutions, Inc.*
    269,500       10,228  
United Therapeutics Corp.*
    12,600       1,325  
VCA Antech, Inc.*
    74,200       2,187  
                 
              64,025  
                 
Industrials (4.5%)
First Solar, Inc.*
    62,700       11,845  
                 
Information Technology (34.6%)
Apple, Inc.*
    114,500       13,015  
Baidu.com, Inc., ADR*(a)
    11,000       2,730  
Cisco Systems, Inc.*
    313,000       7,061  
Cognizant Technology Solutions Corp., Cl A*(a)
    420,600       9,602  
Energy Conversion Devices, Inc.*
    86,200       5,021  
F5 Networks, Inc.*
    245,800       5,747  
Google, Inc., Cl A*
    29,200       11,695  
IHS, Inc., Cl A*(a)
    27,300       1,301  
MEMC Electronic Materials, Inc.*
    170,000       4,804  
Paychex, Inc.(a)
    156,000       5,153  
QUALCOMM, Inc. 
    297,200       12,771  
Starent Networks Corp.*
    153,400       1,985  
SunPower Corp., Cl A*
    156,000       11,065  
                 
              91,950  
                 
Telecommunication Services (6.4%)
American Tower Corp., Cl A*
    162,500       5,845  
NII Holdings, Inc.*
    198,200       7,516  
tw telecom, Inc.*
    350,100       3,637  
                 
              16,998  
                 
Total Common Stocks
            264,538  
                 
Short-Term Investment (16.3%)
Credit Suisse Enhanced Liquidity Fund(b)
    43,313,750       43,314  
                 
Total Short-Term Investment
            43,314  
                 
Money Market Fund (0.7%)
RidgeWorth Institutional
Cash Management
Money Market Fund(c)
    1,810,864       1,811  
                 
Total Money Market Fund
            1,811  
                 
Total Investments (Cost $294,289)(d) — 116.6%
            309,663  
Liabilities in excess of other assets — (16.6)%
            (43,998 )
                 
Net Assets — 100.0%
          $ 265,665  
                 
 
 
* Non-income producing security.
 
(a) This security or a partial position of the security was on loan as of September 30, 2008. The total value of securities on loan as of September 30, 2008, in thousands, was $45,083.
 
(b) This security was purchased with cash collateral held from securities lending.
 
(c) Affiliate investment.
 
(d) Represents cost for financial reporting purposes.
 
ADR — American Depositary Receipt
 
See Notes to Financial Statements.


7


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Emerging Growth Stock Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Common Stocks (95.4%)
Consumer Discretionary (19.2%)
Blue Nile, Inc.*
    89,700       3,845  
Coach, Inc.*
    64,800       1,622  
Focus Media Holding Ltd., ADR*
    129,800       3,701  
Hill International, Inc.*
    151,600       2,100  
KB Home(a)
    91,600       1,803  
Life Time Fitness, Inc.*
    51,100       1,598  
Lululemon Athletica, Inc.*
    56,000       1,290  
Nordstrom, Inc. 
    112,600       3,245  
VistaPrint Ltd.*
    132,100       4,338  
                 
              23,542  
                 
Energy (0.4%)
Ormat Technologies, Inc.(a)
    12,800       465  
                 
Financials (20.4%)
Alliance Data Systems Corp.*(a)
    78,400       4,969  
BlackRock, Inc.(a)
    24,800       4,824  
eHealth, Inc.*(a)
    81,000       1,296  
Euronet Worldwide, Inc.*
    168,600       2,821  
Greenhill & Co., Inc. 
    33,700       2,485  
Huron Consulting Group, Inc.*
    30,700       1,749  
IntercontinentalExchange, Inc.*(a)
    21,000       1,694  
MSCI, Inc., Cl A*
    43,700       1,049  
Portfolio Recovery Associates, Inc.*
    68,800       3,346  
Stifel Financial Corp.*
    13,900       694  
                 
              24,927  
                 
Health Care (18.9%)
Amylin Pharmaceuticals, Inc.*(a)
    30,100       609  
ArthroCare Corp.*
    72,400       2,007  
AspenBio Pharma, Inc.*(a)
    185,400       1,157  
HMS Holdings Corp.*
    126,000       3,019  
Hologic, Inc.*
    211,300       4,084  
IDEXX Laboratories, Inc.*
    32,100       1,759  
Illumina, Inc.*(a)
    32,200       1,305  
Insulet Corp.*(a)
    51,500       717  
Intuitive Surgical, Inc.*
    9,000       2,169  
Psychiatric Solutions, Inc.*
    128,000       4,857  
United Therapeutics Corp.*
    14,100       1,483  
                 
              23,166  
                 
Industrials (5.9%)
First Solar, Inc.*
    22,700       4,288  
Itron, Inc.*
    33,500       2,966  
                 
              7,254  
                 
Information Technology (25.6%)
Baidu.com, Inc. ADR*
    9,800       2,433  
Cognizant Technology Solutions Corp., Cl A*(a)
    161,200       3,680  
Data Domain, Inc.*(a)
    90,000       2,004  
Energy Conversion Devices, Inc.*
    55,400       3,227  
F5 Networks, Inc.*
    173,700       4,061  
IHS, Inc., Cl A*
    62,500       2,978  
MEMC Electronic Materials, Inc.*
    102,100       2,886  
Omniture, Inc.*
    151,200       2,776  
Starent Networks Corp.*
    177,500       2,297  
SunPower Corp., Cl A*
    70,200       4,979  
                 
              31,321  
                 
Telecommunication Services (5.0%)
NII Holdings, Inc.*
    68,400       2,594  
SBA Communications Corp., Cl A*(a)
    72,800       1,883  
tw telecom, Inc.*
    154,400       1,604  
                 
              6,081  
                 
Total Common Stocks
            116,756  
                 
Short-Term Investment (16.6%)
Credit Suisse Enhanced Liquidity Fund(b)
    20,298,375       20,298  
                 
Total Short-Term Investment
            20,298  
                 
Money Market Fund (4.2%)
RidgeWorth Institutional
Cash Management
Money Market Fund(c)
    5,185,020       5,185  
                 
Total Money Market Fund
            5,185  
                 
Total Investments (Cost $149,729)(d) — 116.2%
            142,239  
Liabilities in excess of other assets — (16.2)%
            (19,882 )
                 
Net Assets — 100.0%
          $ 122,357  
                 
 
 
* Non-income producing security.
 
(a) This security or a partial position of the security was on loan as of September 30, 2008. The total value of securities on loan as of September 30, 2008, in thousands, was $20,696.
 
(b) This security was purchased with cash collateral held from securities lending.
 
(c) Affiliate investment.
 
(d) Represents cost for financial reporting purposes.
 
ADR — American Depositary Receipt
 
See Notes to Financial Statements.


8


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
International Equity 130/30 Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Long Positions (131.2%)
Common Stocks (2.6%)
AbitibiBowater, Inc.*
    163,700       633  
ACE Ltd. 
    18,600       1,007  
Innospec, Inc. 
    26,021       314  
Virgin Media, Inc. 
    58,100       459  
                 
Total Common Stocks
            2,413  
                 
Foreign Common Stocks (127.5%)
Australia (3.5%)
BlueScope Steel Ltd. 
    94,858       559  
Crown Ltd. 
    35,000       243  
CSL Ltd. 
    20,060       608  
Fortescue Metals Group Ltd.*
    81,600       310  
Incitec Pivot Ltd.*
    77,760       312  
Mount Gibson Iron Ltd.*
    99,300       132  
Panoramic Resources Ltd. 
    52,800       62  
Seven Network, Ltd. 
    49,900       256  
Straits Resources Ltd. 
    22,400       44  
Woodside Petroleum Ltd. 
    5,976       241  
Woolworths Ltd. 
    18,725       412  
                 
              3,179  
                 
Austria (0.8%)
OMV AG
    5,300       223  
voestalpine AG
    16,900       528  
                 
              751  
                 
Belgium (2.8%)
Cofinimmo
    2,800       489  
Colruyt SA
    3,480       873  
Euronav SA
    11,520       319  
NV Bekaert SA
    3,200       427  
Umicore
    13,900       429  
                 
              2,537  
                 
Bermuda (1.1%)
Aquarius Platinum Ltd. 
    50,300       253  
Platinum Underwriters Holdings Ltd. 
    22,095       784  
                 
              1,037  
                 
Brazil (5.0%)
Banco Itau Holding Financeira SA ADR
    39,700       695  
Braskem SA SP ADR
    82,800       906  
Companhia Brasileira de Distribuicao Grupo Pao de Acucar SP ADR
    5,900       206  
Companhia de Bebidas das Americas ADR
    8,300       453  
Petroleo Brasileiro SA ADR
    19,300       848  
Tele Norte Leste Participacoes SA ADR
    25,600       447  
Unibanco- Uniao de Bancos Brasileiros SA GDR
    9,200       929  
                 
              4,484  
                 
Canada (6.0%)
ACE Aviation Holdings, Inc., Cl A
    14,700       109  
Agrium, Inc. 
    10,500       589  
Fording Canadian Coal Trust
    10,100       838  
Gerdau Ameristeel Corp. 
    59,505       586  
Lundin Mining Corp.*
    85,900       261  
Lundin Mining Corp.*
    28,600       85  
North American Palladium Ltd.*
    59,000       125  
NOVA Chemicals Corp. 
    20,100       454  
Potash Corp. of Saskatchewan, Inc. 
    2,800       370  
Research In Motion Ltd.*
    5,000       341  
Royal Bank of Canada
    10,700       510  
Suncor Energy, Inc. 
    21,200       896  
Teck Cominco Ltd., Cl B
    10,100       294  
                 
              5,458  
                 
China (2.2%)
China COSCO Holdings Co. Ltd., Cl H
    443,638       393  
China Medical Technologies, Inc. SP ADR
    7,400       241  
China Merchants Bank Co. Ltd., Ser H
    317,000       766  
China Telecom Corp. Ltd. ADR
    12,700       519  
                 
              1,919  
                 
Denmark (1.5%)
East Asiatic Co. Ltd. A/S
    8,800       370  
Novo Nordisk A/S, Cl B
    18,700       970  
                 
              1,340  
                 
Finland (2.0%)
Nokia Corp., Cl A
    35,000       653  
Outokumpu Oyj
    21,800       347  
Rautaruukki Oyj
    19,700       394  
Sampo PLC, Cl A
    19,700       448  
                 
              1,842  
                 
France (8.8%)
Air France-KLM
    21,000       481  
AXA ADR
    14,300       468  
BNP Paribas
    16,000       1,527  
Bouygues SA
    9,400       426  
Etablissements Maurel et Prom
    26,700       427  
Natixis
    114,300       383  
Nexity
    14,200       227  
 
See Notes to Financial Statements.


9


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
International Equity 130/30 Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
France—continued
                 
Sanofi-Aventis ADR
    14,800       486  
Total SA
    13,900       844  
Unibail-Rodamco
    2,140       433  
Valeo SA
    26,500       802  
Vallourec SA
    4,540       979  
Vivendi
    14,700       461  
                 
              7,944  
                 
Germany (17.2%)
Aixtron AG
    16,100       96  
Arcandor AG*
    171,300       567  
BASF SE
    27,200       1,313  
BASF SE SP ADR
    800       38  
Bilfinger Berger AG
    14,444       759  
Commerzbank AG
    16,200       250  
Daimler AG
    17,800       899  
Daimler AG
    8,700       439  
Demag Cranes AG
    9,100       362  
Deutsche Bank AG
    6,200       454  
Deutsche Boerse AG
    8,300       769  
E.ON AG
    15,900       807  
Fraport AG
    4,600       273  
Hannover Rueckversicherung AG
    15,900       572  
Hochtief AG
    7,600       365  
K+S AG
    5,700       406  
Kloeckner & Co. SE
    30,700       732  
Lanxess
    15,300       421  
MAN AG
    10,100       687  
Muenchener Rueckversicherungs-Gesellschaft AG
    6,900       1,044  
Norddeutsche Affinerie AG
    9,400       401  
Praktiker Bau-und Heimwerkermaerkte Holding AG, Cl A
    17,055       162  
RWE AG
    5,200       499  
Salzgitter AG
    9,200       948  
SAP AG
    11,200       596  
Siemens AG
    4,900       461  
Stada Arzneimittel AG
    9,800       396  
Suedzucker AG
    26,100       378  
ThyssenKrupp AG
    13,400       409  
                 
              15,503  
                 
Greece (2.8%)
Alpha Bank A.E.
    12,300       268  
Coca-Cola Hellenic Bottling Co. SA
    21,900       478  
DryShips, Inc. 
    11,300       401  
Excel Maritime Carriers Ltd. 
    16,000       239  
Navios Maritime Holdings, Inc. 
    84,500       432  
OPAP SA
    15,500       475  
Paragon Shipping, Inc., Cl A
    25,100       214  
                 
              2,507  
                 
Hong Kong (1.0%)
Yue Yuen Industrial (Holdings) Ltd. 
    323,000       882  
                 
India (0.4%)
Infosys Technologies Ltd. SP ADR
    11,100       370  
                 
Ireland (0.5%)
Bank of Ireland SP ADR
    18,200       413  
                 
Italy (1.3%)
Mediobanca SpA
    28,500       387  
Pirelli & C. Real Estate SpA
    8,733       110  
Unione di Banche Italiane Scpa
    32,100       703  
                 
              1,200  
                 
Japan (17.8%)
ACOM Co. Ltd. 
    14,600       499  
Aiful Corp. 
    44,150       342  
Asahi Pretec Corp. 
    5,200       101  
Canon, Inc. 
    9,100       345  
Canon, Inc. SP ADR
    15,400       581  
Credit Saison Co. Ltd. 
    6,700       110  
Daiei, Inc. (The)*
    33,050       177  
Daihatsu Motor Co. Ltd. 
    105,000       1,150  
FamilyMart Co. Ltd. 
    11,900       504  
GS Yuasa Corp. 
    85,000       302  
Hitachi Chemical Co. Ltd. 
    32,700       439  
Hitachi Ltd. 
    129,000       871  
Hosiden Corp. 
    27,000       389  
Ines Corp. 
    3,500       14  
Itochu Techno-Solutions Corp. 
    65,000       392  
JFE Holdings, Inc. 
    12,800       397  
Marubeni Corp. 
    211,000       957  
Mediceo Paltac Holdings Co. Ltd. 
    37,200       455  
Millea Holdings, Inc. 
    6,800       250  
Mitsubishi Heavy Industries Ltd. 
    229,000       995  
Mitsubishi UFJ Financial Group, Inc. 
    11,900       104  
Mitsui & Co. Ltd. 
    66,000       819  
Nabtesco Corp. 
    55,000       443  
Nippon Denko Co. Ltd. 
    155,000       971  
Nippon Meat Packers, Inc. 
    74,000       1,122  
Nippon Steel Corp. 
    41,000       155  
Nisshin Steel Co. Ltd. 
    48,000       93  
Nitto Denko Corp. 
    19,400       494  
Promise Co. Ltd. 
    32,150       622  
Shimano, Inc. 
    900       31  
Sony Corp. 
    13,700       422  
Suzuken Co. Ltd. 
    6,500       197  
Takeda Pharmaceutical Co. Ltd. 
    11,500       579  
 
See Notes to Financial Statements.


10


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
International Equity 130/30 Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Japan—continued
                 
Toho Zinc Co. Ltd
    65,000       177  
Yamada Denki Co. Ltd. 
    7,620       578  
                 
              16,077  
                 
Luxembourg (0.8%)
Ternium SA SP ADR
    42,700       753  
                 
Netherlands (2.6%)
Chicago Bridge & Iron Co. NV
    25,200       485  
CNH Global NV
    11,600       256  
Koninklijke Ahold NV
    43,000       497  
Koninklijke Philips Electronics NV
    16,500       449  
TPG NV
    14,500       402  
VastNed Retail NV
    3,400       239  
                 
              2,328  
                 
Norway (3.3%)
DnB NOR ASA
    40,300       313  
Norske Skogindustrier ASA
    133,300       902  
Renewable Energy Corp. ASA*
    26,100       484  
Telenor ASA
    36,300       452  
Yara International ASA
    23,400       833  
                 
              2,984  
                 
Portugal (1.2%)
Jeronimo Martins SGPS SA
    96,200       821  
PT Multimedia-Servicos de Telecomunicacoes e Multimedia, SGPS, SA
    31,800       235  
                 
              1,056  
                 
Singapore (0.3%)
Wilmar International Ltd. 
    140,000       248  
                 
South Africa (1.3%)
Barloworld Ltd. 
    54,200       425  
Remgro Ltd. 
    21,200       491  
Sappi, Ltd. 
    31,000       305  
                 
              1,221  
                 
Spain (1.6%)
Banco Santander Central Hispano SA
    69,600       1,044  
Iberdrola SA
    39,300       399  
                 
              1,443  
                 
Sweden (5.7%)
Atlas Copco AB, Cl B
    54,400       550  
Axfood AB
    12,800       348  
Hexagon AB, Cl B
    25,900       297  
PA Resources AB*
    29,800       155  
Saab AB, Cl B
    34,000       524  
Scania AB
    37,700       464  
Securitas AB, Cl B
    58,800       662  
Svenska Handelsbanken AB, Cl A
    45,000       1,008  
Tele2 AB, Cl B
    32,200       368  
TeliaSonera AB
    140,000       796  
                 
              5,172  
                 
Switzerland (6.2%)
Kuoni Reisen Holding AG
    550       212  
Nestle SA
    22,910       990  
Novartis AG ADR
    38,500       2,034  
PSP Swiss Property AG
    5,768       336  
STMicroelectronics NV
    85,500       867  
Swiss Life Holding AG
    2,070       301  
Zurich Financial Services AG
    2,990       828  
                 
              5,568  
                 
United Kingdom (29.8%)
Associated British Foods PLC
    39,200       497  
AstraZeneca PLC SP ADR
    22,000       965  
Beazley Group PLC
    144,200       308  
BP PLC SP ADR
    19,900       998  
Brit Insurance Holdings PLC
    185,300       606  
Britvic PLC
    222,300       809  
Cadbury PLC SP ADR
    32,400       1,326  
Compass Group PLC
    62,100       385  
Davis Service Group PLC (The)
    71,500       345  
Diageo PLC ADR
    9,900       682  
Electrocomponents PLC
    137,564       407  
Enterprise Inns PLC
    140,000       452  
GAME Group PLC
    147,900       544  
GlaxoSmithKline PLC SP ADR
    33,400       1,452  
Go-Ahead Group PLC
    13,800       410  
Greggs PLC
    6,600       373  
HSBC Holdings PLC SP ADR
    6,400       517  
ICAP PLC
    67,600       436  
IMI PLC
    66,000       445  
International Power PLC
    75,800       490  
Johnson Matthey PLC
    36,300       883  
Kazakhmys PLC
    68,400       718  
Lloyds TSB Group PLC
    94,000       378  
Man Group PLC
    169,000       1,033  
Marks & Spencer Group PLC
    112,700       412  
Misys PLC
    257,800       568  
Mondi PLC
    100,400       468  
National Grid PLC
    38,400       487  
Punch Taverns PLC
    91,000       223  
Reckitt Benckiser Group PLC
    15,000       727  
Royal Dutch Shell PLC ADR
    15,000       885  
RSA Insurance Group PLC
    187,300       501  
Standard Chartered PLC
    38,500       947  
Tesco PLC
    153,400       1,067  
 
See Notes to Financial Statements.


11


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
International Equity 130/30 Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
United Kingdom—continued
                 
Thomson Reuters PLC
    11,100       248  
Tullett Prebon PLC
    78,200       385  
Unilever PLC SP ADR
    32,800       892  
United Utilities Group PLC
    115,900       1,439  
Vodafone Group PLC SP ADR
    51,700       1,143  
Weir Group PLC (The)
    24,100       265  
William Morrison Supermarkets PLC
    94,900       441  
Xstrata PLC
    11,000       343  
                 
              26,900  
                 
Total Foreign Common Stocks
            115,116  
                 
Foreign Preferred Stocks (0.3%)
ProSiebenSat.1 Media AG, 0.840%
    36,200       240  
                 
Total Foreign Preferred Stocks
            240  
                 
Short-Term Investment (0.8%)
Brown Brothers Harriman & Co., Cayman Islands Cash Sweep
    702,033       702  
                 
Total Short-Term Investment
            702  
                 
Total Investments — 131.2%
               
Total Long Positions (Cost $149,654)(a)
            118,471  
                 
Liabilities in excess of other assets — (3.4)%
            (3,117 )
Short Positions (see summary below) (27.8)%
            (25,079 )
                 
Net Assets — 100.0%
          $ 90,275  
                 
Short Positions ((27.8)%)
Foreign Common Stocks Sold Short ((27.8)%)
Australia ((0.6)%)
Cochlear Ltd. 
    (10,500 )     (503 )
Sino Gold Mining Ltd.*
    (3,092 )     (10 )
                 
              (513 )
                 
Bahamas ((0.4)%)
Ultrapetrol Bahamas Ltd.*
    (46,700 )     (367 )
                 
Belgium ((1.2)%)
Solvay SA
    (8,500 )     (1,043 )
                 
Bermuda ((1.1)%)
Seadrill Ltd. 
    (22,200 )     (460 )
VistaPrint Ltd.*
    (16,500 )     (542 )
                 
              (1,002 )
                 
Brazil ((0.5)%)
Companhia Vale do Rio Doce ADR
    (21,300 )     (408 )
                 
Canada ((1.8)%)
Agnico-Eagle Mines Ltd. 
    (7,800 )     (429 )
Canadian National Railway Co. 
    (5,600 )     (268 )
Gammon Gold, Inc.*
    (34,000 )     (252 )
Gildan Activewear, Inc. 
    (14,900 )     (331 )
Yamana Gold, Inc. 
    (44,700 )     (368 )
                 
              (1,648 )
                 
China ((0.3)%)
Aluminum Corp. of China Ltd. ADR
    (16,600 )     (251 )
                 
Denmark ((0.9)%)
Carlsberg A/S, Cl B
    (10,700 )     (816 )
                 
France ((3.2)%)
Bourbon SA
    (5,300 )     (264 )
Christian Dior SA
    (6,600 )     (501 )
Compagnie Generale de Geophysique-Veritas SP ADR*
    (27,600 )     (877 )
EDF Energies Nouvelles SA
    (5,631 )     (281 )
Essilor International SA
    (10,200 )     (509 )
Ingenico SA
    (17,600 )     (442 )
                 
              (2,874 )
                 
Germany ((1.4)%)
Premiere AG*
    (37,400 )     (504 )
SolarWorld AG
    (6,400 )     (279 )
Symrise AG
    (29,800 )     (494 )
                 
              (1,277 )
                 
Israel ((0.3)%)
Ceragon Networks Ltd.*
    (32,700 )     (242 )
                 
Italy ((0.3)%)
Luxottica Group SpA SP ADR
    (10,400 )     (239 )
                 
Japan ((5.0)%)
Ajinomoto Co., Inc. 
    (71,000 )     (678 )
CHIYODA Corp. 
    (17,000 )     (126 )
Honda Motor Co. Ltd. SP ADR
    (15,500 )     (467 )
Kansai Paint Co. Ltd. 
    (45,000 )     (279 )
Murata Manufacturing Co. Ltd. 
    (13,100 )     (529 )
NGK Spark Plug Co. Ltd. 
    (41,000 )     (399 )
SECOM Co. Ltd. 
    (8,300 )     (346 )
Teijin Ltd. 
    (31,000 )     (93 )
Tokyo Electron Ltd. 
    (7,800 )     (353 )
Tokyu Corp. 
    (76,000 )     (363 )
Yamaha Corp. 
    (25,300 )     (431 )
Yamaha Motor Co. Ltd. 
    (36,600 )     (500 )
                 
              (4,564 )
                 
Jersey ((0.3)%)
Randgold Resources Ltd. ADR
    (5,700 )     (234 )
                 
                 
 
See Notes to Financial Statements.


12


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
International Equity 130/30 Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Mexico ((1.6)%)
Grupo Aeroportuario del Pacifico SA de CV ADR
    (37,100 )     (948 )
Telefonos de Mexico SAB de CV
    (20,500 )     (528 )
                 
              (1,476 )
                 
Netherlands ((0.8)%)
Randstad Holding NV
    (27,900 )     (733 )
                 
Peru ((0.6)%)
Compania de Minas Buenaventura SA ADR
    (25,000 )     (587 )
                 
Portugal ((0.5)%)
Brisa
    (48,000 )     (477 )
                 
South Africa ((0.4)%)
Harmony Gold Mining Co. Ltd. SP ADR*
    (35,300 )     (342 )
                 
Sweden ((1.8)%)
Electrolux AB, Ser B
    (47,100 )     (551 )
Holmen AB
    (34,200 )     (1,113 )
                 
              (1,664 )
                 
Switzerland ((3.4)%)
Givaudan SA
    (782 )     (653 )
Lindt & Spruengli AG
    (110 )     (268 )
Nobel Biocare Holding AG
    (13,600 )     (455 )
Straumann Holdings AG
    (3,170 )     (879 )
Swatch Group AG (The)
    (11,200 )     (375 )
Syngenta AG ADR
    (10,200 )     (432 )
                 
              (3,062 )
                 
United Kingdom ((1.4)%)
BHP Billiton PLC ADR
    (7,900 )     (363 )
Imperial Energy Corp. PLC*
    (15,900 )     (291 )
Inmarsat PLC
    (34,000 )     (297 )
John Wood Group PLC
    (50,910 )     (309 )
                 
              (1,260 )
                 
Total Foreign Common Stocks Sold Short
            (25,079 )
                 
Total Investment Securities Sold Short (Proceeds $28,636)
            (25,079 )
                 
 
 
* Non-income producing security.
 
(a) Represents cost for financial reporting purposes.
 
ADR — American Depositary Receipt
 
GDR — Global Depositary Receipt
 
The investment concentrations for the International Equity 130/30 Fund as a percentage of net assets, by industry, as of September 30, 2008, were as follows:
 
           
Consumer Discretionary
    14.9 %  
Consumer Staples
    13.6    
Energy
    6.5    
Financials
    26.2    
Health Care
    9.2    
Industrials
    22.2    
Information Technology
    6.8    
Insurance
    1.4    
Materials
    18.3    
Promissory Note
    0.8    
Telecommunication Services
    4.7    
Transportation
    2.0    
Utilities
    4.5    
 
See Notes to Financial Statements.


13


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
International Equity Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Foreign Common Stocks (97.1%)
Australia (5.0%)
BHP Billiton Ltd. 
    366,891       9,489  
Centennial Coal Co. Ltd.(a)
    2,403,896       7,113  
Downer EDI Ltd. 
    634,469       3,231  
ING Industrial Fund(a)
    4,905,945       6,214  
Macquarie Infrastructure Group(a)
    2,736,495       5,187  
National Australia Bank Ltd. 
    375,925       7,585  
                 
              38,819  
                 
Bahrain (0.0%)
Gulf Finance House SP GDR
    11,782       288  
                 
Belgium (2.0%)
Delhaize Group
    74,874       4,349  
Fortis(a)
    866,146       5,350  
InBev NV
    96,360       5,732  
                 
              15,431  
                 
Brazil (1.7%)
Banco do Brasil SA
    402,300       4,732  
Petroleo Brasileiro SA ADR
    129,004       5,670  
Redecard SA
    206,446       2,700  
                 
              13,102  
                 
Canada (0.9%)
Research In Motion Ltd.*
    96,718       6,606  
                 
France (12.7%)
BNP Paribas
    78,516       7,494  
France Telecom SA
    426,244       11,954  
GDF SUEZ
    189,483       9,857  
PSA Peugeot Citroen SA
    119,150       4,484  
Publicis Groupe(a)
    206,690       6,509  
Sanofi-Aventis
    131,391       8,637  
Societe Generale
    116,009       10,419  
Total SA
    303,552       18,438  
UbiSoft Entertainment SA*(a)
    53,154       3,697  
Vinci SA
    111,923       5,273  
Vivendi(a)
    334,958       10,500  
                 
              97,262  
                 
Germany (8.4%)
Adidas AG
    81,144       4,342  
Allianz SE
    96,363       13,275  
BASF SE
    169,116       8,162  
E.ON AG
    256,838       13,043  
Linde AG
    79,017       8,461  
MAN AG
    67,656       4,602  
Siemens AG(a)
    112,066       10,539  
Volkswagen AG(a)
    6,040       2,372  
                 
              64,796  
                 
Hong Kong (4.4%)
China Mobile Ltd. SP ADR(a)
    116,456       5,832  
CITIC International Financial Holdings Ltd.*
    9,388,000       6,214  
Industrial & Commercial Bank of China Ltd. 
    3,321,000       6,045  
Industrial & Commercial Bank of China Ltd. 
    14,791,760       8,940  
Wharf Holdings Ltd. (The)
    2,402,500       6,864  
                 
              33,895  
                 
Indonesia (0.8%)
PT United Tractors Tbk
    5,978,928       5,898  
                 
Italy (2.0%)
Enel SpA
    997,409       8,325  
UniCredito Italiano SpA
    1,958,588       7,323  
                 
              15,648  
                 
Japan (16.1%)
Aisin Seiki Co. Ltd.(a)
    214,100       5,244  
Asahi Kasei Corp.(a)
    999,000       4,204  
Daiichi Sankyo Co. Ltd. 
    194,400       5,010  
DENSO Corp. 
    288,600       7,080  
East Japan Railway Co. 
    2,959       22,070  
Electric Power Development Co. Ltd. 
    107,500       3,472  
Futaba Industrial Co. Ltd.(a)
    410,231       5,103  
Itochu Techno-Solutions Corp.(a)
    1,461,000       8,803  
Mitsubishi UFJ Financial Group, Inc. ADR
    375,344       3,281  
Mizuho Financial Group, Inc. 
    1,890       8,266  
Nintendo Co. Ltd. 
    36,200       15,357  
Nippon Telegraph & Telephone Corp. 
    1,661       7,415  
Nomura Real Estate Office Fund, Inc. REIT
    296       2,023  
ORIX Corp. 
    48,340       6,053  
ORIX JREIT, Inc. REIT
    492       2,525  
Sumitomo Corp. 
    793,600       7,400  
Sumitomo Mitsui Financial Group, Inc. 
    771       4,835  
Takata Corp.(a)
    217,200       3,000  
Yamatake Corp. 
    159,700       2,572  
                 
              123,713  
                 
Luxembourg (0.6%)
ArcelorMittal(a)
    91,005       4,494  
                 
Netherlands (2.4%)
ING Groep NV
    353,033       7,567  
Koninklijke DSM NV
    63,638       3,010  
Royal Philips Electronics NV
    299,563       8,127  
                 
              18,704  
                 
                 
 
See Notes to Financial Statements.


14


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
International Equity Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Norway (1.4%)
Statoil ASA
    442,309       10,516  
                 
Russian Federation (0.9%)
Gazprom ADR
    233,817       7,318  
                 
Singapore (2.3%)
Ascendas Real Estate Investment
               
Trust REIT
    1,552,000       2,051  
CapitaCommercial Trust
    2,193,000       2,039  
SMRT Corp. Ltd. 
    2,265,000       3,150  
United Overseas Bank Ltd. 
    411,000       4,915  
Venture Corp. Ltd.(a)
    978,000       5,322  
                 
              17,477  
                 
South Africa (0.8%)
MTN Group Ltd. 
    411,642       5,818  
                 
Spain (2.2%)
Telefonica SA
    696,313       16,554  
                 
Sweden (1.0%)
Alfa Laval AB
    386,825       4,004  
H&M Hennes & Mauritz AB(a)
    95,067       3,894  
                 
              7,898  
                 
Switzerland (10.0%)
ABB Ltd. 
    346,774       6,722  
Nestle SA
    478,935       20,704  
Novartis AG(a)
    338,423       17,822  
Roche Holding AG(a)
    103,878       16,265  
UBS AG*
    215,770       3,785  
UBS AG*
    687,064       11,747  
                 
              77,045  
                 
United Kingdom (21.5%)
Anglo American PLC
    112,345       3,794  
AstraZeneca PLC
    160,806       7,036  
AstraZeneca PLC SP ADR(a)
    94,614       4,152  
Aviva PLC
    710,268       6,177  
BAE Systems PLC
    1,344,623       9,911  
Barclays PLC
    2,625,870       15,599  
BHP Billiton PLC
    274,492       6,217  
British American Tobacco PLC
    323,617       10,564  
British Land Co. PLC (The)
    491,868       6,634  
G4S PLC
    1,765,025       6,382  
GAME Group PLC
    1,100,063       4,050  
HSBC Holdings PLC
    1,433,564       23,188  
Prudential PLC
    607,960       5,542  
Royal Bank of Scotland Group PLC (The)
    3,329,971       10,741  
Royal Bank of Scotland Group PLC SP ADR(a)
    1,899,152       6,077  
Royal Dutch Shell PLC ADR(a)
    130,905       7,725  
Royal Dutch Shell PLC, Cl A
    341,341       9,857  
Royal Dutch Shell PLC, Cl B
    365,559       10,268  
SABMiller PLC
    246,486       4,812  
William Morrison Supermarkets PLC
    1,380,824       6,420  
                 
              165,146  
                 
Total Foreign Common Stocks
            746,428  
                 
Exchange Traded Funds (1.3%)
United States (1.3%)
iShares MSCI EAFE Index Fund
    134,221       7,557  
iShares MSCI Japan Index Fund
    193,890       2,067  
                 
Total Exchange Traded Funds
            9,624  
                 
Short-Term Investments (10.1%)
Brown Brothers Harriman & Co., Cayman Islands Cash Sweep
    6,885,485       6,885  
Credit Suisse Enhanced Liquidity Fund(b)
    71,043,115       71,043  
                 
Total Short-Term Investments
            77,928  
                 
Total Investments (Cost $973,696)(c) — 108.5%
            833,980  
Liabilities in excess of other assets — (8.5)%
            (65,447 )
                 
Net Assets — 100.0%
          $ 768,533  
                 
 
 
* Non-income producing security.
 
(a) This security or a partial position of the security was on loan as of September 30, 2008. The total value of securities on loan as of September 30, 2008, in thousands, was $69,004.
 
(b) This security was purchased with cash collateral held from securities lending.
 
(c) Represents cost for financial reporting purposes.
ADR — American Depositary Receipt
GDR — Global Depositary Receipt
REIT — Real Estate Investment Trust
The investment concentrations for the International Equity Fund as a percentage of net assets, by industry, as of September 30, 2008, were as follows:
 
           
Consumer Discretionary
    8.8 %  
Consumer Staples
    6.8    
Energy
    9.5    
Exchange Traded Funds
    1.3    
Financials
    29.5    
Health Care
    7.7    
Industrials
    12.2    
Information Technology
    4.8    
Materials
    7.8    
Short-Term Investments
    10.1    
Telecommunication Services
    5.5    
Utilities
    4.5    
 
See Notes to Financial Statements.


15


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
International Equity Fund — concluded
 
At September 30, 2008 the Fund’s foreign currency exchange contracts were as follows:
 
                                         
        Contract
           
        Amount
  Contract
      Unrealized
    Delivery
  in Local
  Value in
  Market
  Appreciation
Currency
  Date   Currency   USD($)   Value($)   (Depreciation)($)
 
Long:
                                       
Japanese Yen
    10/06/08       449,398       4,236       4,229       (7 )
                                         
Total Long Contracts
                  $ 4,236     $ 4,229     $ (7 )
                                         
 
See Notes to Financial Statements.


16


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
International Equity Index Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Foreign Common Stocks (96.7%)
Australia (4.0%)
AGL Energy Ltd. 
    24,937       275  
Alumina Ltd.(a)
    57,978       146  
Amcor Ltd. 
    51,839       228  
AMP Ltd. 
    85,170       484  
Aristocrat Leisure Ltd. 
    20,696       108  
Asciano Group
    33,086       86  
ASX Ltd. 
    8,933       220  
Australia & New Zealand Banking Group Ltd. 
    82,968       1,281  
AXA Asia Pacific Holdings Ltd. 
    50,137       206  
BHP Billiton Ltd. 
    144,978       3,749  
BlueScope Steel Ltd. 
    36,838       217  
Boral Ltd.(a)
    34,210       170  
Brambles Ltd. 
    70,098       437  
Coca-Cola Amatil Ltd. 
    30,893       206  
Commonwealth Bank of Australia
    57,236       2,017  
Computershare Ltd.(a)
    29,301       221  
CSL Ltd. 
    25,576       775  
CSR Ltd. 
    62,862       126  
Fairfax Media Ltd.(a)
    68,627       147  
Fortescue Metals Group Ltd.*(a)
    59,339       226  
Foster’s Group Ltd. 
    102,545       458  
GPT Group
    117,428       172  
Incitec Pivot Ltd.*
    46,880       188  
Insurance Australia Group Ltd. 
    97,930       325  
Leighton Holdings Ltd.(a)
    6,698       206  
Lend Lease Corp. Ltd. 
    21,880       161  
Lion Nathan Ltd. 
    16,901       127  
Macquarie Goodman Group(a)
    81,672       165  
Macquarie Group Ltd.(a)
    13,657       420  
Macquarie Infrastructure Group(a)
    131,898       250  
Mirvac Group Ltd. REIT
    57,958       118  
National Australia Bank Ltd. 
    70,519       1,423  
Newcrest Mining Ltd. 
    21,714       451  
OneSteel Ltd. 
    43,470       161  
Orica Ltd. 
    15,423       260  
Origin Energy Ltd. 
    41,524       537  
OZ Minerals Ltd. 
    89,430       113  
Perpetual Ltd.(a)
    2,570       99  
QBE Insurance Group Ltd. 
    39,514       852  
Rio Tinto Group Ltd.(a)
    12,451       839  
Santos Ltd. 
    29,298       448  
Sims Group Ltd. 
    7,990       194  
Sonic Healthcare Ltd. 
    16,383       174  
St. George Bank Ltd. 
    26,572       627  
Stockland Trust Group
    84,853       381  
Suncorp-Metway Ltd. 
    43,026       327  
TABCORP Holdings Ltd.(a)
    30,196       198  
Telstra Corp. Ltd. 
    158,173       531  
Toll Holdings Ltd. 
    30,929       175  
Transurban Group
    57,791       265  
Virgin Blue Holdings Ltd.*(a)
    32,048       8  
Wesfarmers Ltd.(a)
    28,221       656  
Wesfarmers Ltd. PPS
    6,869       158  
Westfield Group REIT
    79,318       1,086  
Westpac Banking Corp. 
    84,997       1,506  
Woodside Petroleum Ltd. 
    21,812       880  
Woolworths Ltd. 
    53,389       1,176  
WorleyParsons Ltd. 
    8,516       211  
                 
              27,651  
                 
Austria (1.2%)
Andritz AG
    7,281       314  
Atrium European Real Estate*
    57,120       430  
Erste Group Bank AG(a)
    32,405       1,613  
IMMOEAST AG*
    75,160       190  
Immofinanz Immobilien Anlagen AG(a)
    81,384       288  
Oesterreichische Elektrizitaeswirtschafts AG
    13,813       850  
OMV AG
    28,539       1,203  
Raiffeisen International Bank-Holding AG(a)
    9,651       697  
RHI AG*
    2,808       102  
Strabag SE
    8,848       394  
Telekom Austria AG
    60,445       1,063  
Vienna Insurance Group
    6,911       345  
voestalpine AG
    20,636       645  
Wienerberger AG(a)
    15,191       412  
                 
              8,546  
                 
Belgium (1.6%)
Belgacom
    20,905       787  
Colruyt SA
    2,154       541  
Compagnie Nationale a Portefeuille
    5,502       364  
Delhaize Group
    12,112       703  
Dexia SA(a)
    63,622       695  
Fortis
    246,479       1,523  
Groupe Bruxelles Lambert SA
    9,571       826  
InBev NV
    22,722       1,352  
KBC Ancora
    4,198       277  
KBC Bank & Insurance Holding Co. NV
    19,086       1,660  
Mobistar SA
    4,467       314  
Solvay SA(a)
    7,049       865  
UCB SA
    14,002       497  
Umicore
    15,467       478  
                 
              10,882  
                 
                 
 
See Notes to Financial Statements.


17


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
International Equity Index Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Bermuda (0.1%)
Invesco Ltd. 
    18,894       395  
                 
Cyprus (0.0%)
Prosafe Production Public Ltd.*
    12,682       30  
Prosafe SE
    12,682       70  
                 
              100  
                 
Denmark (1.3%)
A.P. Moller-Maersk A/S
    108       940  
A.P. Moller-Maersk A/S, Cl A
    56       483  
Carlsberg A/S, Cl B
    6,999       534  
Coloplast A/S, Cl B
    2,857       212  
Danisco A/S(a)
    5,267       296  
Danske Bank A/S
    41,302       995  
DSV A/S(a)
    19,560       311  
FLS Industries A/S
    5,447       277  
Jyske Bank A/S*
    5,659       285  
Novo Nordisk A/S, Cl B
    43,819       2,272  
Novozymes A/S, Cl B
    4,526       403  
Sydbank A/S
    7,563       227  
Topdanmark A/S*
    1,740       249  
Trygvesta A/S(a)
    2,535       163  
Vestas Wind Systems A/S*
    18,074       1,578  
William Demant Holding*(a)
    3,342       150  
                 
              9,375  
                 
Finland (0.9%)
Cargotec Corp., Cl B
    2,633       54  
Fortum Corp. 
    20,905       701  
Kone Oyj, Cl B
    8,920       243  
Metso Corp. 
    7,515       184  
Neste Oil Oyj
    7,434       155  
Nokia Corp., Cl A
    184,548       3,442  
Nokian Renkaat Oyj
    5,698       137  
Outokumpu Oyj
    6,474       103  
Rautaruukki Oyj
    4,722       94  
Sampo PLC, Cl A
    20,859       475  
Stora Enso Oyj
    33,960       332  
UPM-Kymmene Corp. 
    25,971       405  
Wartsila Corp. 
    4,539       191  
                 
              6,516  
                 
France (10.8%)
Accor
    14,981       800  
Aeroports De Paris
    2,497       206  
Air France-KLM
    12,464       285  
Air Liquide SA
    19,229       2,113  
Alcatel*
    169,051       651  
Alstom
    15,271       1,159  
Atos Origin SA
    5,859       258  
AXA ADR
    106,241       3,477  
BNP Paribas
    57,451       5,483  
Bouygues SA
    17,525       794  
Capgemini SA
    10,627       502  
Carrefour SA
    45,271       2,135  
Casino Guichard-Perrachon SA
    3,479       310  
Christian Dior SA
    3,822       290  
CNP Assurances SA
    2,662       301  
Compagnie de Saint-Gobain(a)
    18,966       981  
Compagnie Generale de Geophysique-Veritas*
    9,896       314  
Compagnie Generale des Etablissements Michelin, Cl B
    10,445       676  
Credit Agricole SA
    45,259       872  
Dassault Systemes SA
    5,621       301  
Eiffage SA
    2,921       157  
Electricite de France
    13,965       1,010  
Eramet
    382       146  
Essilor International SA
    15,132       756  
Eurazeo
    2,230       188  
European Aeronautic Defence & Space Co.(a)
    26,940       460  
France Telecom SA(a)
    130,538       3,661  
GDF SUEZ
    84,649       4,403  
Gecina SA
    1,213       131  
Groupe Danone
    30,195       2,141  
Hermes International(a)
    5,240       852  
ICADE
    1,722       139  
Imerys
    2,566       147  
Klepierre
    6,754       264  
L’Oreal SA(a)
    17,105       1,678  
Lafarge SA
    10,436       1,099  
Lagardere SCA
    9,180       414  
Legrand SA
    6,936       156  
LVMH Moet Hennessy Louis Vuitton SA
    17,176       1,508  
M6 Metropole Television
    7,521       165  
Natixis(a)
    31,228       105  
Neopost SA
    3,144       296  
PagesJaunes SA(a)
    12,086       169  
Pernod Ricard
    12,071       1,063  
Pinault-Printemps-Redoute SA
    5,681       508  
PSA Peugeot Citroen SA
    11,760       443  
Publicis Groupe
    10,929       344  
Renault SA
    13,650       870  
Safran SA(a)
    16,272       285  
Sanofi-Aventis
    73,064       4,803  
Schneider Electric SA(a)
    15,306       1,314  
SCOR SE
    13,480       262  
SES
    22,900       474  
Societe BIC
    3,172       165  
Societe Generale
    32,965       2,961  
 
See Notes to Financial Statements.


18


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
International Equity Index Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
France—continued
                 
Societe Television Francaise 1(a)
    10,609       188  
Sodexho Alliance SA
    16,774       990  
Suez Environnement SA*
    18,542       456  
Technip SA
    7,556       425  
Thales
    8,458       427  
Total SA
    153,221       9,307  
Unibail-Rodamco
    5,964       1,207  
Valeo SA
    6,486       196  
Vallourec SA
    4,000       863  
Veolia Environnement
    27,247       1,121  
Vinci SA
    29,118       1,372  
Vivendi
    82,290       2,579  
Wendel
    2,411       192  
Zodiac SA(a)
    4,244       202  
                 
              74,970  
                 
Germany (14.0%)
Adidas AG
    23,720       1,269  
Allianz SE
    50,265       6,925  
Arcandor AG*(a)
    11,677       39  
BASF SE
    106,271       5,129  
Bayer AG(a)
    85,138       6,249  
Bayerische Motoren Werke AG
    5,780       175  
Bayerische Motoren Werke AG
    36,856       1,435  
Beiersdorf AG
    10,236       650  
Bilfinger Berger AG
    4,646       244  
Celesio AG
    10,518       458  
Commerzbank AG
    70,646       1,088  
Continental AG(a)
    17,589       1,451  
Daimler AG
    102,775       5,189  
Deutsche Bank AG(a)
    56,127       4,075  
Deutsche Boerse AG
    22,625       2,095  
Deutsche Lufthansa AG
    28,423       560  
Deutsche Post AG
    95,058       1,994  
Deutsche Postbank AG
    9,580       373  
Deutsche Telekom AG
    315,477       4,793  
E.ON AG
    211,774       10,754  
Fraport AG
    4,639       275  
Fresenius SE
    3,296       242  
GEA Group AG
    17,382       344  
Hamburger Hafen und Logistik AG
    3,202       191  
Hannover Rueckversicherung AG
    6,975       251  
HeidelbergCement AG
    2,794       295  
Henkel KGaA
    14,435       442  
Henkel KGaA. Vorzug
    20,042       732  
Hochtief AG
    4,919       236  
Hypo Real Estate Holding AG(a)
    11,026       63  
Infineon Technologies AG*
    86,502       485  
IVG Immobilien AG
    14,040       137  
K+S AG(a)
    16,882       1,202  
Linde AG
    14,530       1,556  
MAN AG
    11,831       805  
Merck KGaA
    7,570       807  
METRO AG
    12,668       635  
Muenchener Rueckversicherungs-Gesellschaft AG
    23,010       3,482  
Puma AG Rudolf Dassler Sport
    792       218  
Q-Cells AG*(a)
    6,390       543  
Rheinmetall AG
    4,843       264  
RWE AG
    49,689       4,768  
Salzgitter AG
    4,776       492  
SAP AG
    97,693       5,198  
Siemens AG
    97,461       9,166  
Solarworld AG(a)
    9,716       424  
ThyssenKrupp AG
    40,630       1,239  
TUI AG(a)
    26,600       437  
United Internet AG
    15,557       169  
Volkswagen AG(a)
    16,495       6,476  
Wacker Chemie AG
    1,756       254  
                 
              96,773  
                 
Greece (1.3%)
Alpha Bank A.E
    50,376       1,096  
Coca-Cola Hellenic Bottling Co. SA
    22,235       485  
EFG Eurobank Ergasias SA
    41,361       754  
Hellenic Petroleum SA
    21,165       225  
Hellenic Telecommunications Organization SA
    35,322       635  
Marfin Investment Group SA
    87,645       629  
National Bank of Greece SA
    62,781       2,544  
OPAP SA
    31,196       957  
Piraeus Bank SA
    43,025       896  
Public Power Corp. SA
    14,581       225  
Titan Cement Co. SA
    20,225       668  
                 
              9,114  
                 
Hong Kong (0.8%)
Bank of East Asia Ltd.(a)
    52,715       166  
BOC Hong Kong Holdings Ltd. 
    136,680       244  
Cheung Kong (Holdings) Ltd. 
    51,667       585  
CLP Holdings Ltd. 
    61,620       497  
Esprit Holdings Ltd. 
    39,077       242  
Foxconn International Holdings Ltd.*
    78,906       35  
Hang Lung Properties Ltd. 
    74,211       175  
Hang Seng Bank Ltd. 
    28,275       534  
 
See Notes to Financial Statements.


19


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
International Equity Index Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Hong Kong—continued
                 
Henderson Land Development Co. Ltd. 
    40,393       180  
Hong Kong & China Gas Co. Ltd. (The)
    147,531       337  
Hong Kong Electric Holdings Ltd. 
    51,195       322  
Hong Kong Exchanges & Clearing Ltd.(a)
    37,669       464  
Hutchison Whampoa Ltd. 
    78,983       607  
Li & Fung Ltd.(a)
    82,101       201  
Link REIT (The)
    80,471       167  
New World Development Co. Ltd. 
    90,501       101  
PCCW Ltd. 
    139,332       58  
Sun Hung Kai Properties Ltd. 
    51,291       529  
Swire Pacific Ltd. 
    30,531       268  
Wharf Holdings Ltd. (The)
    51,315       147  
                 
              5,859  
                 
Ireland (0.7%)
Allied Irish Banks PLC
    72,002       592  
Anglo Irish Bank Corp. PLC(a)
    141,831       773  
Bank of Ireland
    35,605       198  
Bank of Ireland
    89,868       511  
CRH PLC
    44,903       950  
Elan Corp. PLC*
    57,816       612  
Irish Life & Permanent PLC
    11,213       79  
Irish Life & Permanent PLC Dublin
    25,350       178  
Kerry Group PLC
    18,201       533  
Ryanair Holdings PLC*
    43,545       139  
                 
              4,565  
                 
Italy (8.9%)
A2A SpA
    302,658       772  
Alleanza Assicurazioni SpA
    66,890       615  
Assicurazioni Generali SpA
    169,387       5,622  
Autogrill SpA
    21,395       243  
Autostrade SpA
    43,359       893  
Banca Carige SpA
    132,525       438  
Banca Intesa SpA
    1,277,826       7,027  
Banca Monte dei Paschi di Siena SpA(a)
    343,221       854  
Banca Popolare di Milano Scarl SpA
    72,745       618  
Banco Popolare Scarl
    108,256       1,681  
Bulgari SpA(a)
    31,592       283  
Enel SpA
    700,619       5,848  
Eni SpA
    431,795       11,444  
Fiat SpA
    121,048       1,626  
Finmeccanica SpA
    52,890       1,146  
Fondiaria-Sai SpA
    12,436       293  
IFI-Istituto Finanziario Industriale SpA*
    13,297       147  
IFIL Investments SpA
    56,698       257  
Intesa Sanpaolo
    128,392       612  
Italcementi SpA(a)
    15,810       196  
Italcementi SpA
    20,688       195  
Lottomatica SpA
    12,759       334  
Luxottica Group SpA(a)
    24,372       561  
Mediaset SpA(a)
    131,396       834  
MEDIOBANCA-Banca di Credito Finanziario SpA
    81,483       1,106  
Mediolanum SpA(a)
    42,363       194  
Parmalat SpA
    600,908       1,418  
Pirelli & C. SpA
    549,513       324  
Prysmian SpA
    18,729       368  
Saipem SpA
    44,310       1,326  
Snam Rete Gas SpA
    132,675       802  
Telecom Italia RNC SpA
    951,745       1,079  
Telecom Italia SpA(a)
    1,663,129       2,475  
Terna SpA
    209,820       771  
UniCredito Italiano SpA
    1,867,835       6,983  
Unione di Banche Italiane Scpa
    103,122       2,259  
Unipol Gruppo Finanziario SpA
    118,653       255  
                 
              61,899  
                 
Japan (21.3%)
77 Bank Ltd. 
    28,183       142  
Acom Co. Ltd.(a)
    5,346       183  
Advantest Corp.(a)
    11,462       242  
AEON Co. Ltd. 
    45,372       464  
AEON Credit Service Co. Ltd. 
    9,582       98  
Aiful Corp.(a)
    8,358       65  
Aisin Seiki Co. Ltd. 
    13,901       341  
Ajinomoto Co., Inc. 
    50,727       484  
All Nippon Airways Co. Ltd.(a)
    60,757       216  
Alps Electric Co. Ltd. 
    16,721       131  
Amada Co. Ltd. 
    33,818       186  
Asahi Breweries Ltd. 
    30,434       533  
Asahi Glass Co. Ltd. 
    70,451       619  
Asahi Kasei Corp. 
    83,605       352  
Astellas Pharma, Inc.(a)
    33,780       1,420  
Bank of Kyoto Ltd. (The)(a)
    24,424       249  
Bank of Yokohama Ltd. (The)
    91,120       451  
Benesse Corp. 
    6,483       265  
Bridgestone Corp. 
    41,800       791  
Canon, Inc. 
    70,172       2,661  
Casio Computer Co. Ltd. 
    22,168       208  
Central Japan Railway Co. 
    102       962  
Chiba Bank Ltd. (The)
    59,182       310  
Chubu Electric Power Co., Inc. 
    44,335       1,045  
 
See Notes to Financial Statements.


20


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
International Equity Index Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Japan—continued
                 
Chugai Pharmaceutical Co. Ltd. 
    8,546       139  
Chugoku Electric Power Co., Inc. (The)
    21,228       435  
Citizen Holdings Co. Ltd. 
    32,035       222  
Credit Saison Co. Ltd. 
    13,246       218  
CSK Corp.(a)
    6,951       102  
Dai Nippon Printing Co. Ltd. 
    45,087       608  
Daiichi Sankyo Co. Ltd. 
    47,835       1,233  
Daikin Industries Ltd. 
    18,316       618  
Dainippon Ink & Chemicals, Inc. 
    59,182       112  
Daito Trust Construction Co. Ltd. 
    7,235       269  
Daiwa House Industry Co. Ltd. 
    37,573       359  
Daiwa Securities Group, Inc.(a)
    93,935       684  
Denki Kagaku Kogyo Kabushiki Kaisha
    39,453       104  
DENSO Corp. 
    30,622       751  
Dentsu, Inc.(a)
    155       312  
DOWA Mining Co. Ltd. 
    28,183       126  
East Japan Railway Co. 
    225       1,678  
Eisai Co. Ltd.(a)
    18,225       712  
Electric Power Development Co. Ltd. 
    10,354       334  
Elpida Memory, Inc.*
    8,079       152  
FANUC Ltd. 
    12,682       954  
Fast Retailing Co. Ltd.(a)
    3,572       364  
Fuji Electic Holdings Co. Ltd. 
    52,602       127  
Fuji Photo Film Co. Ltd.(a)
    32,502       838  
Fujitsu Ltd. 
    127,753       718  
Fukuoka Financial Group, Inc. 
    69,511       256  
Furukawa Electric Co. Ltd. (The)
    63,876       282  
Gunma Bank Ltd. (The)
    38,513       220  
Hankyu Hanshin Holdings, Inc. 
    103,329       475  
Hirose Electric Co. Ltd. 
    3,008       287  
Hitachi Chemical Co. Ltd. 
    10,238       137  
Hitachi Construction Machinery Co. Ltd.(a)
    7,799       193  
Hitachi Ltd. 
    224,507       1,516  
Hokkaido Electric Power Co., Inc. 
    17,097       357  
Hokuhoku Financial Group, Inc. 
    110,844       247  
Hokuriku Electric Power Co. 
    14,277       344  
Honda Motor Co. Ltd.(a)
    110,188       3,343  
Hoya Corp.(a)
    28,839       572  
Ibiden Co. Ltd. 
    9,862       240  
Inpex Holdings, Inc. 
    59       501  
Isetan Mitsukoshi Holdings Ltd.*(a)
    26,959       316  
Ishikawajima-Harima Heavy Industries Co. Ltd.(a)
    123,058       193  
Isuzu Motors Ltd. 
    90,180       251  
Itochu Techno-Solutions Corp.(a)
    106,149       640  
J. Front Retailing Co. Ltd. 
    37,385       216  
Japan Real Estate Investment Corp. REIT
    36       291  
Japan Retail Fund Investment Corp. REIT
    30       123  
Japan Steel Works Ltd. (The)
    26,304       327  
Japan Tobacco, Inc. 
    306       1,154  
JFE Holdings, Inc. 
    35,201       1,092  
JGC Corp. 
    16,909       271  
Joyo Bank Ltd. (The)(a)
    62,281       284  
JS Group Corp.(a)
    20,772       262  
JSR Corp. 
    13,810       184  
Kajima Corp. 
    68,571       207  
Kamigumi Co. Ltd. 
    21,604       162  
Kaneka Corp. 
    30,998       171  
Kansai Electric Power Co., Inc. (The)
    52,323       1,164  
Kansai Paint Co. Ltd. 
    24,424       152  
Kao Corp. 
    34,758       932  
Kawasaki Heavy Industries Ltd. 
    125,873       269  
Kawasaki Kisen Kaisha Ltd. 
    46,967       291  
KDDI Corp. 
    184       1,042  
Keihin Electric Express Railway Co. Ltd.(a)
    35,698       234  
Keio Electric Railway Co. Ltd. 
    54,482       293  
Keyence Corp. 
    2,685       536  
Kintetsu Corp.(a)
    127,989       446  
Kirin Holdings Co. Ltd. 
    55,422       728  
Kobe Steel Ltd. 
    190,689       384  
Komatsu Ltd. 
    60,025       983  
Konami Corp. 
    8,358       210  
Konica Minolta Holdings, Inc. 
    34,758       397  
Kubota Corp.(a)
    75,151       474  
Kuraray Co. Ltd.(a)
    27,711       276  
Kurita Water Industries Ltd. 
    8,922       209  
Kyocera Corp. 
    11,086       842  
Kyowa Hakko Kogyo Co. Ltd. 
    16,909       178  
Kyushu Electric Power Co., Inc. 
    27,147       566  
Lawson, Inc. 
    5,823       269  
Leopalace21 Corp. 
    11,930       92  
Mabuchi Motor Co. Ltd. 
    2,632       120  
Makita Corp. 
    10,802       221  
Marubeni Corp.(a)
    117,418       532  
Marui Co. Ltd.(a)
    27,619       206  
Matsushita Electric Industrial Co. Ltd.(a)
    122,002       2,104  
Matsushita Electric Works Ltd. 
    27,243       242  
Mazda Motor Corp. 
    74,211       302  
Millea Holdings, Inc. 
    46,403       1,704  
Minebea Co. Ltd. 
    33,818       127  
 
See Notes to Financial Statements.


21


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
International Equity Index Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Japan—continued
                 
Mitisubishi Motors Corp.*(a)
    251,751       424  
Mitsubishi Chemical Holdings Corp. 
    88,300       467  
Mitsubishi Corp. 
    91,211       1,903  
Mitsubishi Electric Corp. 
    127,753       862  
Mitsubishi Estate Co. Ltd. 
    78,906       1,555  
Mitsubishi Gas Chemical Co., Inc. 
    34,758       168  
Mitsubishi Heavy Industries Ltd. 
    215,113       934  
Mitsubishi Logistics Corp. 
    12,209       155  
Mitsubishi Materials Corp. 
    82,665       260  
Mitsubishi Rayon Co. Ltd.(a)
    45,087       112  
Mitsubishi UFJ Financial Group, Inc. 
    682,521       5,954  
Mitsui & Co. Ltd. 
    116,483       1,446  
Mitsui Chemicals, Inc. 
    48,847       215  
Mitsui Engineering & Shipbuilding Co. Ltd. 
    68,571       131  
Mitsui Fudosan Co. Ltd. 
    57,302       1,107  
Mitsui Mining & Smelting Co. Ltd. 
    61,057       143  
Mitsui O.S.K. Lines Ltd. 
    80,785       702  
Mitsui Sumitomo Insurance Group Holdings, Inc. 
    24,426       832  
Mitsui Trust Holdings, Inc. 
    58,242       314  
Mizuho Financial Group, Inc. 
    647       2,830  
Murata Manufacturing Co. Ltd. 
    14,841       599  
Namco Bandai Holdings, Inc. 
    18,832       207  
NEC Corp. 
    133,387       570  
NGK Insulators Ltd. 
    19,729       242  
NGK Spark Plug Co. Ltd.(a)
    15,969       155  
Nidec Corp. 
    7,799       480  
Nikon Corp. 
    24,424       586  
Nintendo Co. Ltd. 
    6,671       2,830  
Nippon Building Fund, Inc. 
    44       425  
Nippon Electric Glass Co. Ltd.(a)
    24,891       226  
Nippon Express Co. Ltd. 
    74,211       331  
Nippon Meat Packers, Inc. 
    15,029       228  
Nippon Mining Holdings, Inc. 
    66,224       267  
Nippon Oil Corp.(a)
    94,875       478  
Nippon Sheet Glass Co. Ltd.(a)
    56,362       292  
Nippon Steel Corp. 
    342,865       1,295  
Nippon Telegraph & Telephone Corp. 
    338       1,509  
Nippon Unipac Holding
    85       248  
Nippon Yusen Kabushiki Kaisha
    81,725       533  
NIPPONKOA Insurance Co. Ltd. 
    46,967       264  
Nissan Chemical Industries Ltd. 
    12,209       112  
Nissan Motor Co. Ltd.(a)
    154,336       1,044  
Nisshin Seifun Group, Inc. 
    17,189       231  
Nisshin Steel Co. Ltd. 
    61,996       120  
Nissin Food Products Co. Ltd.(a)
    6,859       245  
Nitto Denko Corp. 
    11,742       299  
NOK Corp. 
    10,522       118  
Nomura Holdings, Inc. 
    117,327       1,531  
Nomura Research Institute Ltd. 
    10,334       213  
NSK Ltd. 
    33,818       195  
NTN Corp. 
    34,758       181  
NTT Data Corp. 
    91       360  
NTT DoCoMo, Inc.(a)
    1,059       1,695  
Obayashi Corp. 
    57,302       290  
Odakyu Electric Railway Co. Ltd.(a)
    57,302       424  
Oji Paper Co. Ltd.(a)
    76,091       383  
Olympus Corp.(a)
    16,909       494  
OMRON Corp. 
    16,813       261  
Ono Pharmaceutical Co. Ltd. 
    7,799       360  
Onward Kashiyama Co. Ltd. 
    10,334       108  
Oriental Land Co. Ltd.(a)
    4,507       306  
ORIX Corp. 
    6,305       790  
Osaka Gas Co. Ltd. 
    152,176       524  
Pioneer Corp. 
    17,473       115  
Promise Co. Ltd.(a)
    5,071       98  
Rakuten, Inc. 
    478       270  
Resona Holdings, Inc.(a)
    360       486  
Ricoh Co. Ltd. 
    46,027       647  
ROHM Co. Ltd. 
    7,423       408  
Sankyo Co. Ltd. 
    4,979       253  
SANYO Electric Co. Ltd.*
    125,873       219  
SBI Holdings, Inc. 
    867       130  
Secom Co. Ltd. 
    15,314       638  
Sega Sammy Holdings, Inc. 
    19,545       177  
Seiko Epson Corp.(a)
    11,742       273  
Sekisui Chemical Co. Ltd.(a)
    35,698       212  
Sekisui House Ltd.(a)
    34,758       319  
Seven & I Holdings Co. Ltd. 
    56,024       1,610  
Sharp Corp.(a)
    68,571       749  
Shikoku Electric Power Co., Inc. 
    15,029       378  
Shimamura Co. Ltd. 
    2,068       139  
Shimano, Inc. 
    6,387       220  
Shimizu Corp. 
    55,422       264  
Shin-Etsu Chemical Co. Ltd. 
    26,867       1,278  
Shinsei Bank Ltd. 
    90,180       277  
Shionogi & Co. Ltd. 
    22,544       457  
Shiseido Co. Ltd. 
    24,424       547  
Shizuoka Bank Ltd. (The)
    51,667       509  
Showa Denko KK
    104,269       220  
Showa Shell Sekiyu KK(a)
    15,781       154  
SMC Corp. 
    3,948       411  
Softbank Corp. 
    51,291       669  
Sojitz Corp. 
    90,459       210  
 
See Notes to Financial Statements.


22


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
International Equity Index Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Japan—continued
                 
Sompo Japan Insurance, Inc. 
    58,242       494  
Sony Corp.(a)
    67,072       2,067  
Sony Financial Holdings, Inc. 
    64       252  
Stanley Electric Co. Ltd. 
    13,525       198  
Sumitomo Chemical Co. Ltd. 
    108,029       477  
Sumitomo Corp. 
    79,093       738  
Sumitomo Electric Industries Ltd. 
    50,255       547  
Sumitomo Heavy Industries Ltd. 
    42,273       202  
Sumitomo Metal Industries Ltd. 
    261,145       810  
Sumitomo Metal Mining Co. Ltd.(a)
    37,573       377  
Sumitomo Mitsui Financial Group, Inc. 
    441       2,765  
Sumitomo Realty & Development Co. Ltd. 
    27,243       593  
Sumitomo Trust & Banking Co. Ltd. (The)
    99,574       664  
Suruga Bank Ltd. 
    20,664       241  
Suzuken Co. Ltd. 
    6,011       183  
Suzuki Motor Corp. 
    24,988       463  
T&D Holdings, Inc. 
    13,385       707  
Taiheiyo Cement Corp. 
    91,120       133  
Taisei Corp. 
    89,240       233  
Taisho Pharmaceutical Co. Ltd. 
    10,334       205  
Takashimaya Co. Ltd.(a)
    27,243       237  
Takeda Pharmaceutical Co. Ltd. 
    56,082       2,824  
Takefuji Corp.(a)
    10,334       135  
TDK Corp. 
    8,830       442  
Teijin Ltd. 
    77,966       234  
Terumo Corp. 
    12,773       666  
THK Co. Ltd. 
    11,838       184  
Tobu Railway Co. Ltd.(a)
    73,271       355  
Toho Co. Ltd. 
    10,614       222  
Tohoku Electric Power Co., Inc. 
    30,622       658  
Tokyo Electric Power Co., Inc. (The)
    79,566       1,958  
Tokyo Electron Ltd. 
    12,026       544  
Tokyo Gas Co. Ltd. 
    165,326       690  
Tokyu Corp. 
    80,785       386  
Tokyu Land Corp. 
    36,633       136  
TonenGeneral Sekiyu KK
    27,243       224  
Toppan Printing Co. Ltd. 
    42,273       330  
Toray Industries, Inc.(a)
    92,995       437  
Toshiba Corp.(a)
    206,658       901  
Tosoh Corp. 
    51,667       152  
TOTO Ltd.(a)
    26,019       192  
Toyo Seikan Kaisha Ltd. 
    11,462       176  
Toyota Industries Corp. 
    12,209       308  
Toyota Motor Corp. 
    178,104       7,614  
Toyota Tsusho Corp.(a)
    16,813       220  
Trend Micro, Inc.(a)
    7,987       303  
Ube Industries Ltd. 
    89,240       241  
Uni-Charm Corp. 
    3,948       303  
UNY Co. Ltd. 
    15,029       153  
Ushio, Inc. 
    10,426       172  
USS Co. Ltd. 
    2,714       175  
West Japan Railway Co. 
    121       518  
Yahoo Japan Corp. 
    1,071       351  
Yakult Honsha Co. Ltd.(a)
    8,079       249  
Yamada Denki Co. Ltd.(a)
    6,387       484  
Yamaha Corp. 
    16,437       280  
Yamaha Motor Co. Ltd. 
    17,377       237  
Yamato Transport Co. Ltd. 
    29,118       326  
Yokogawa Electric Corp. 
    19,165       122  
                 
              147,614  
                 
Jersey (0.1%)
Shire Ltd. 
    24,964       395  
United Business Media Ltd. 
    13,628       120  
                 
              515  
                 
Luxembourg (0.5%)
ArcelorMittal(a)
    62,677       3,175  
Millicom International Cellular SA
    4,276       295  
                 
              3,470  
                 
Netherlands (3.2%)
Aegon NV
    120,267       1,064  
Akzo Nobel NV
    23,075       1,108  
ASML Holding NV
    38,548       674  
Corio NV
    4,623       328  
Fugro NV
    4,723       279  
Heineken Holding NV
    8,913       350  
Heineken NV
    21,208       852  
ING Groep NV
    164,060       3,517  
Koninklijke (Royal) KPN NV(a)
    159,595       2,304  
Koninklijke Ahold NV
    105,761       1,222  
Koninklijke DSM NV
    12,041       569  
Randstad Holding NV
    19,066       501  
Reed Elsevier NV
    50,817       754  
Royal Philips Electronics NV
    94,891       2,574  
SBM Offshore NV
    11,930       255  
SNS Reaal
    12,383       141  
TomTom NV*(a)
    5,618       103  
TPG NV
    32,879       911  
Unilever NV
    140,136       3,944  
Wolters Kluwer NV
    23,873       484  
                 
              21,934  
                 
                 
 
See Notes to Financial Statements.


23


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
International Equity Index Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
New Zealand (0.6%)
Auckland International Airport Ltd. 
    433,781       570  
Contact Energy Ltd. 
    117,364       621  
Fletcher Building Ltd. 
    197,885       894  
Sky City Entertainment Group Ltd. 
    229,137       569  
Telecom Corp. of New Zealand Ltd.(a)
    697,392       1,289  
                 
              3,943  
                 
Norway (1.3%)
Acergy SA
    21,464       217  
Aker Kvaerner ASA
    18,076       293  
DnB NOR ASA
    80,540       625  
Norske Skogindustrier ASA
    72,895       493  
Orkla ASA
    91,587       843  
Petroleum Geo-Services ASA*
    18,791       249  
Renewable Energy Corp. ASA*(a)
    16,345       303  
SeaDrill Ltd.(a)
    30,155       625  
Statoil ASA
    135,070       3,211  
Storebrand ASA
    43,777       260  
Telenor ASA
    89,143       1,111  
Yara International ASA
    20,326       724  
                 
              8,954  
                 
Portugal (0.9%)
Banco BPI SA
    52,872       164  
Banco Comercial Portugues SA
    887,623       1,452  
Banco Espirito Santo SA
    53,085       658  
Brisa-Auto-estradas de Portugal SA
    60,831       605  
CIMPOR-Cimentos de Portugal, SGPS, SA
    46,748       300  
Energias de Portugal SA
    368,075       1,544  
Portugal Telecom SGPS SA
    131,375       1,321  
PT Multimedia-Servicos de Telecomunicacoes e Multimedia, SGPS, SA
    42,222       312  
Sonae, SGPS, SA
    185,518       143  
                 
              6,499  
                 
Singapore (0.7%)
Capitaland Ltd. 
    91,120       199  
City Developments Ltd. 
    32,878       206  
DBS Group Holdings Ltd. 
    60,557       722  
Keppel Corp. Ltd. 
    71,391       394  
Oversea-Chinese Banking Corp. Ltd. 
    137,803       696  
Singapore Airlines Ltd. 
    28,930       291  
Singapore Exchange Ltd.(a)
    44,152       192  
Singapore Press Holdings Ltd. 
    83,369       233  
Singapore Telecommunications Ltd. 
    432,727       989  
United Overseas Bank Ltd. 
    67,636       809  
UOL Group Ltd. 
    34,098       60  
Venture Corp. Ltd. 
    15,029       82  
                 
              4,873  
                 
Spain (6.4%)
Abertis Infraestructuras SA(a)
    28,630       563  
Acciona SA
    3,151       480  
Acerinox SA(a)
    18,100       324  
Actividades de Construccion y Servicios SA (ACS)
    20,628       835  
Banco Bilbao Vizcaya Argentaria SA
    369,226       5,970  
Banco de Sabadell SA(a)
    103,265       802  
Banco Popular Espanol SA(a)
    87,322       1,040  
Banco Santander Central Hispano SA
    650,059       9,746  
Bankinter SA(a)
    30,789       387  
Cintra Concesiones de Infraestructuras de Transporte SA(a)
    26,119       307  
Corporacion Mapfre
    76,838       336  
Criteria Caixacorp SA(a)
    90,852       437  
Enagas
    19,091       412  
Fomento de Construcciones y Contratas SA(a)
    5,570       252  
Gamesa Corporacion Tecnologica SA
    20,128       689  
Gas Natural SDG SA(a)
    12,143       451  
Grifols SA
    15,303       391  
Grupo Ferrovial SA(a)
    7,174       330  
Iberdrola Renovables*
    75,885       332  
Iberdrola SA
    366,685       3,725  
Iberia Lineas Aereas de Espana SA
    76,507       186  
Indra Sistemas SA
    13,073       311  
Industria de Diseno Textil SA(a)
    23,575       997  
Promotora de Informaciones SA(a)
    12,338       83  
Red Electrica Corporacion
    12,751       649  
Repsol YPF SA(a)
    78,005       2,311  
Sacyr Vallehermoso Group SA(a)
    8,694       144  
Telefonica SA
    444,710       10,573  
Union Fenosa SA(a)
    41,628       1,018  
Zardoya Otis SA(a)
    12,914       282  
                 
              44,363  
                 
                 
 
See Notes to Financial Statements.


24


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
International Equity Index Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Sweden (1.8%)
Alfa Laval AB
    22,920       237  
ASSA ABLOY AB, Ser B
    21,228       257  
Atlas Copco AB, Cl A
    37,949       431  
Atlas Copco AB, Cl B
    21,495       217  
Boliden AB
    22,683       95  
Electrolux AB, Ser B
    16,813       197  
Getinge AB, Cl B
    12,585       260  
H&M Hennes & Mauritz AB(a)
    29,118       1,193  
Husqvarna AB, Cl B(a)
    18,789       141  
Investor AB, Cl B
    25,176       472  
Lundin Petroleum AB*
    14,841       124  
Modern Times Group MTG AB, Cl B
    3,615       130  
Nordea Bank AB
    115,167       1,376  
Sandvik AB
    58,709       622  
Scania AB
    21,144       261  
Securitas AB, Cl B
    23,484       265  
Skandinaviska Enskilda Banken AB
    29,870       466  
Skanska AB, Cl B
    26,207       298  
SKF AB, Cl B
    23,108       295  
SSAB Svenskt Stal AB, Ser A
    11,650       185  
Svenska Cellulosa AB, Cl B
    30,155       320  
Svenska Handelsbanken AB, Cl A
    28,087       629  
Swedbank AB, Cl A(a)
    21,792       285  
Swedish Match AB
    17,285       302  
Tele2 AB, Cl B
    20,288       232  
Telefonaktiebolaget LM Ericsson
    168,483       1,601  
TeliaSonera AB
    125,405       713  
Volvo AB, Cl B
    60,637       548  
                 
              12,152  
                 
Switzerland (2.1%)
ABB Ltd. 
    43,397       841  
Adecco SA
    2,933       127  
Compagnie Financiere Richemont SA
    12,248       541  
Credit Suisse Group
    22,348       1,044  
Holcim Ltd. 
    5,000       367  
Julius Baer Holding AG
    4,876       243  
Nestle SA
    75,006       3,242  
Nobel Biocare Holding AG
    3,572       119  
Novartis AG(a)
    45,740       2,409  
Roche Holding AG
    13,665       2,140  
STMicroelectronics NV(a)
    49,733       504  
Swiss Re
    7,843       435  
Swisscom AG
    539       161  
Syngenta AG
    2,246       474  
UBS AG*
    59,461       1,017  
Zurich Financial Services AG
    2,997       830  
                 
              14,494  
                 
United Kingdom (12.2%)
3i Group PLC
    17,735       225  
Allied Irish Banks PLC
    36,588       299  
AMEC PLC
    16,014       184  
Anglo American PLC
    53,750       1,815  
Antofagasta PLC
    19,046       138  
Associated British Foods PLC
    16,272       206  
AstraZeneca PLC
    58,037       2,539  
Aviva PLC
    100,141       871  
BAE Systems PLC
    148,729       1,096  
Barclays PLC
    321,906       1,912  
BG Group PLC
    133,464       2,420  
BHP Billiton PLC
    85,807       1,944  
BP PLC
    750,791       6,252  
British American Tobacco PLC
    57,995       1,893  
British Energy Group PLC
    40,393       549  
British Land Co. PLC (The)
    24,247       327  
British Sky Broadcasting Group PLC
    51,492       383  
BT Group PLC
    314,370       911  
Bunzl PLC
    15,787       186  
Burberry Group PLC
    22,511       159  
Cable & Wireless PLC
    109,624       326  
Cadbury PLC
    53,576       542  
Cairn Energy PLC*
    5,583       208  
Capita Group PLC
    27,794       346  
Carnival PLC
    8,090       241  
Centrica PLC
    147,848       832  
Compass Group PLC
    87,946       545  
CRH PLC
    21,716       464  
Daily Mail & General Trust PLC
    13,779       80  
Diageo PLC
    99,534       1,698  
Enterprise Inns PLC
    23,295       75  
Eurasian Natural Resources Corp. 
    12,125       110  
Experian PLC
    48,020       318  
FirstGroup PLC
    23,255       222  
Friends Provident PLC
    86,432       147  
G4S PLC
    61,220       221  
GKN PLC
    32,703       116  
GlaxoSmithKline PLC
    214,737       4,651  
Hammerson PLC
    13,268       234  
Hays PLC
    68,095       99  
HBOS PLC
    145,610       330  
Home Retail Group PLC
    41,442       175  
HSBC Holdings PLC
    467,135       7,556  
ICAP PLC
    23,566       152  
Imperial Tobacco Group PLC
    41,275       1,325  
InterContinental Hotels Group PLC
    14,373       178  
International Power PLC
    68,993       446  
 
See Notes to Financial Statements.


25


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
International Equity Index Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
United Kingdom—continued
                 
Invensys PLC*
    33,526       125  
ITV PLC
    180,916       136  
J Sainsbury PLC
    50,738       318  
Johnson Matthey PLC
    10,190       248  
Kazakhmys PLC
    8,614       90  
Kingfisher PLC
    111,364       265  
Land Securities Group PLC
    21,450       484  
Legal & General Group PLC
    247,386       446  
Liberty International PLC(a)
    11,814       204  
Lloyds TSB Group PLC
    217,238       873  
Lonmin PLC
    6,402       262  
Man Group PLC
    72,806       445  
Man Group PLC — Deferred Shares*(c)
    88,581        
Marks & Spencer Group PLC
    69,544       254  
Mondi PLC
    16,386       77  
National Grid PLC
    100,859       1,280  
Next PLC
    9,532       176  
Old Mutual PLC
    215,096       301  
Pearson PLC
    37,518       406  
Persimmon PLC
    14,410       105  
Prudential PLC
    94,313       860  
Punch Taverns PLC
    14,809       36  
Reckitt Benckiser Group PLC
    24,239       1,175  
Reed Elsevier PLC
    49,756       495  
Rentokil Initial PLC
    84,402       105  
Rexam PLC
    21,316       151  
Rio Tinto PLC
    39,500       2,479  
Rolls-Royce PLC
    83,867       508  
Royal Bank of Scotland Group PLC (The)
    893,985       2,884  
Royal Dutch Shell PLC, Cl A
    139,740       4,035  
Royal Dutch Shell PLC, Cl B
    108,290       3,042  
RSA Insurance Group PLC
    144,586       387  
SABMiller PLC
    36,935       721  
Sage Group PLC (The)
    61,509       215  
Scottish & Southern Energy PLC
    34,308       873  
Segro PLC
    20,270       153  
Severn Trent PLC
    10,844       263  
Smith & Nephew PLC
    41,231       435  
Smiths Group PLC
    17,785       322  
Standard Chartered PLC
    55,674       1,370  
Standard Life PLC
    70,241       306  
Tate & Lyle PLC
    22,457       154  
Tesco PLC
    310,807       2,161  
Thomson Reuters PLC
    9,133       204  
Tomkins PLC
    49,228       137  
Tullow Oil PLC
    29,083       372  
Unilever PLC(a)
    50,472       1,372  
United Utilities Group PLC
    28,850       358  
Vedanta Resources PLC
    6,072       127  
Vodafone Group PLC
    2,096,662       4,630  
Whitbread PLC
    9,283       176  
William Hill Organization Ltd. 
    19,408       82  
William Morrison Supermarkets PLC
    100,368       467  
Wolseley PLC
    30,669       232  
WPP Group PLC
    51,878       420  
Xstrata PLC
    24,510       764  
                 
              84,912  
                 
Total Foreign Common Stocks
            670,368  
                 
Foreign Preferred Stocks (0.7%)
Germany (0.7%)
Fresenius AG, 1.510%
    8,953       649  
Fresenius Medical Care AG, 1.230%
    21,924       1,133  
Porsche AG, 5.000%
    10,091       1,119  
ProSiebenSat.1 Media AG, 0.840%
    13,115       87  
RWE AG, 1.750%
    4,237       305  
Volkswagen AG, 1.210%
    11,955       1,490  
                 
              4,783  
                 
Italy (0.0%)
Compagnia Assicuratrice Unipol SpA, 0.125%
    168,563       287  
                 
Total Foreign Preferred Stocks
            5,070  
                 
Exchange Traded Funds (2.2%)
iShares MSCI EAFE Index Fund
    192,511       10,838  
iShares MSCI Germany Index Fund(a)
    65,862       1,574  
iShares MSCI Italy Index Fund
    55,546       1,197  
iShares MSCI Japan Index Fund
    76,723       818  
iShares MSCI Spain Index Fund(a)
    14,922       694  
                 
Total Exchange Traded Funds
            15,121  
                 
Rights — Foreign (0.0%)
Japan (0.0%)
Dowa Mining Rights(b)(c)(d)
    500        
                 
Total Rights — Foreign
             
                 
Short-Term Investment (11.7%)
Credit Suisse Enhanced Liquidity Fund(e)
    81,379,198       81,379  
                 
Total Short-Term Investment
            81,379  
                 
 
See Notes to Financial Statements.


26


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
International Equity Index Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Total Investments (Cost $686,989)(f) — 111.3%
            771,938  
Liabilities in excess of other assets — (11.3)%
            (78,635 )
                 
Net Assets — 100.0%
          $ 693,303  
                 
 
 
* Non-income producing security.
 
(a) This security or a partial position of the security was on loan as of September 30, 2008. The total value of securities on loan as of September 30, 2008, in thousands, was $76,664.
 
(b) 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 September 30, 2008.
 
(c) Market Value is Zero.
 
(d) The Fund’s adviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. The illiquid security held by the Fund as of September 30, 2008 is identified below (amounts in thousands):
 
                                         
                    Percent of
Issue
  Acquisition
  Cost
      Value
  Net Assets
Description   Date   ($)   Shares   ($)   (%)
 
 
Dowa Mining Rights
    5/18/2007             500              
 
(e) This security was purchased with cash collateral held from securities lending.
 
(f) Represents cost for financial reporting purposes.
 
ADR — American Depositary Receipt
 
PPS — Partially Protected Shares
 
REIT — Real Estate Investment Trust
 
The investment concentrations for the International Equity Index Fund as a percentage of net assets, by industry, as of September 30, 2008, were as follows:
 
         
Consumer Discretionary
    10.8 %
Consumer Staples
    7.0  
Energy
    7.4  
Exchange Traded Funds
    2.2  
Financials
    25.8  
Health Care
    5.2  
Industrials
    11.9  
Information Technology
    5.0  
Materials
    8.0  
Metals
    0.4  
Short-Term Investments
    11.7  
Telecommunication Services
    6.9  
Transportation
    0.4  
Utilities
    8.6  
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
At September 30, 2008 the Fund’s foreign currency exchange contracts were as follows:
 
                                         
        Contract
           
        Amount
  Contract
      Unrealized
    Delivery
  in Local
  Value in
  Market
  Appreciation
Currency
  Date   Currency   USD($)   Value($)   (Depreciation)($)
 
Short:
                                       
Japanese Yen
    10/01/08       403,086       3,798       3,790       8  
Singapore Dollar
    10/02/08       71       49       49        
                                         
Total Short Contracts
                  $ 3,847     $ 3,839     $ 8  
                                         
 
See Notes to Financial Statements.


27


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Large Cap Core Equity Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Common Stocks (98.9%)
Consumer Discretionary (9.3%)
Burger King Holdings, Inc. 
    400,000       9,824  
Home Depot, Inc. (The)
    548,000       14,188  
Johnson Controls, Inc. 
    350,000       10,615  
McDonald’s Corp. 
    138,000       8,515  
McGraw-Hill Cos., Inc. (The)(a)
    250,000       7,902  
Omnicom Group, Inc.(a)
    275,000       10,604  
Target Corp.(a)
    235,000       11,527  
Time Warner, Inc.(a)
    700,000       9,177  
Walt Disney Co. (The)(a)
    475,000       14,578  
                 
              96,930  
                 
Consumer Staples (12.0%)
Cadbury PLC SP ADR(a)
    282,000       11,545  
CVS Caremark Corp. 
    625,000       21,037  
Dr Pepper Snapple Group, Inc.*(a)
    482,000       12,763  
Kellogg Co. 
    225,000       12,623  
Kraft Foods, Inc. 
    464,000       15,196  
PepsiCo, Inc. 
    190,000       13,541  
Procter & Gamble Co. (The)
    178,000       12,405  
Unilever PLC SP ADR(a)
    400,000       10,884  
Wal-Mart Stores, Inc.(a)
    258,000       15,452  
                 
              125,446  
                 
Energy (12.2%)
Anadarko Petroleum Corp. 
    265,000       12,855  
Baker Hughes, Inc. 
    110,000       6,659  
Cameron International Corp.*(a)
    125,000       4,818  
Chevron Corp. 
    315,000       25,981  
Devon Energy Corp. 
    107,000       9,758  
Exxon Mobil Corp. 
    325,000       25,240  
Halliburton Co.(a)
    450,000       14,576  
Marathon Oil Corp. 
    475,000       18,938  
Total SA SP ADR(a)
    143,000       8,677  
                 
              127,502  
                 
Financials (15.1%)
Ameriprise Financial, Inc. 
    189,000       7,220  
Berkshire Hathaway, Inc., Cl B*
    5,050       22,195  
Invesco Ltd.(a)
    600,000       12,588  
JPMorgan Chase & Co. 
    525,000       24,517  
Marshall & Ilsley Corp.(a)
    375,000       7,556  
MetLife, Inc.(a)
    389,998       21,840  
Morgan Stanley
    371,000       8,533  
Principal Financial Group, Inc.(a)
    275,000       11,960  
State Street Corp.(a)
    250,000       14,220  
Travelers Cos., Inc. (The)
    361,000       16,317  
Wells Fargo & Co.(a)
    281,000       10,546  
                 
              157,492  
                 
Health Care (12.1%)
Bristol-Myers Squibb Co. 
    700,000       14,595  
Cardinal Health, Inc. 
    100,000       4,928  
Covidien Ltd. 
    300,000       16,128  
Johnson & Johnson
    300,000       20,784  
Medtronic, Inc.(a)
    430,000       21,543  
Schering-Plough Corp. 
    850,000       15,700  
Teva Pharmaceutical Industries Ltd. ADR(a)
    320,000       14,653  
Thermo Fisher Scientific, Inc.*(a)
    325,000       17,875  
                 
              126,206  
                 
Industrials (8.9%)
Danaher Corp.(a)
    172,000       11,937  
Eaton Corp. 
    164,000       9,214  
Emerson Electric Co. 
    180,000       7,342  
Equifax, Inc. 
    275,000       9,474  
General Electric Co. 
    700,000       17,850  
Goodrich Corp. 
    300,000       12,480  
Tyco International Ltd.(a)
    325,000       11,381  
United Technologies Corp. 
    225,000       13,513  
                 
              93,191  
                 
Information Technology (21.0%)
Accenture Ltd., Cl A
    425,000       16,150  
Adobe Systems, Inc.*(a)
    400,000       15,788  
Agilent Technologies, Inc.*(a)
    500,000       14,830  
Cisco Systems, Inc.*
    800,000       18,048  
eBay, Inc.*(a)
    480,000       10,742  
Google, Inc., Cl A*
    42,000       16,822  
Intel Corp. 
    1,000,000       18,730  
International Business Machines Corp. 
    85,000       9,942  
Microsoft Corp. 
    418,000       11,156  
Nokia Corp. ADR(a)
    900,000       16,785  
Oracle Corp.*
    850,000       17,264  
QUALCOMM, Inc. 
    288,000       12,375  
Symantec Corp.*(a)
    750,000       14,685  
Tyco Electronics Ltd. 
    367,000       10,151  
Western Union Co. 
    625,000       15,419  
                 
              218,887  
                 
Materials (3.5%)
Alcoa, Inc.(a)
    550,000       12,419  
Freeport-McMoRan Copper & Gold, Inc.(a)
    148,000       8,414  
 
See Notes to Financial Statements.


28


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Large Cap Core Equity Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Materials—continued
                 
Praxair, Inc. 
    210,000       15,065  
                 
              35,898  
                 
Telecommunication Services (3.1%)
AT&T, Inc. 
    630,000       17,590  
Telefonica SA ADR(a)
    201,000       14,369  
                 
              31,959  
                 
Utilities (1.7%)
Edison International
    450,000       17,955  
                 
Total Common Stocks
            1,031,466  
                 
Short-Term Investment (22.3%)
Credit Suisse Enhanced Liquidity Fund(b)
    233,259,561       233,260  
                 
Total Short-Term Investment
            233,260  
                 
Total Investments (Cost $1,214,044)(c) — 121.2%
            1,264,726  
Liabilities in excess of other assets — (21.2)%
            (220,951 )
                 
Net Assets — 100.0%
          $ 1,043,775  
                 
 
 
* Non-income producing security.
 
(a) This security or a partial position of the security was on loan as of September 30, 2008. The total value of securities on loan as of September 30, 2008, in thousands, was $244,796.
 
(b) This security was purchased with cash collateral held from securities lending.
 
(c) Represents cost for financial reporting purposes.
 
ADR — American Depositary Receipt
 
See Notes to Financial Statements.


29


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Large Cap Growth Stock Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Common Stocks (96.6%)
Consumer Discretionary (7.9%)
DIRECTV Group, Inc. (The)*(a)
    320,800       8,395  
McDonald’s Corp. 
    217,050       13,392  
NIKE, Inc., Cl B(a)
    117,950       7,891  
Nordstrom, Inc.(a)
    207,400       5,977  
Priceline.com, Inc.*(a)
    35,400       2,423  
Target Corp.(a)
    83,611       4,101  
                 
              42,179  
                 
Consumer Staples (15.1%)
Avon Products, Inc.(a)
    224,573       9,335  
Colgate-Palmolive Co. 
    126,321       9,518  
Costco Wholesale Corp.(a)
    113,395       7,363  
CVS Caremark Corp. 
    260,200       8,758  
PepsiCo, Inc. 
    198,854       14,172  
Philip Morris International, Inc. 
    296,200       14,247  
TJX Cos., Inc. (The)(a)
    191,400       5,842  
Wal-Mart Stores, Inc. 
    184,700       11,062  
                 
              80,297  
                 
Energy (10.5%)
Cameron International Corp.*(a)
    168,100       6,479  
Exxon Mobil Corp. 
    137,090       10,646  
Halliburton Co. 
    226,811       7,346  
Occidental Petroleum Corp. 
    141,000       9,933  
Schlumberger Ltd.(a)
    169,762       13,257  
Transocean, Inc.*(a)
    73,552       8,079  
                 
              55,740  
                 
Financials (5.1%)
AFLAC, Inc. 
    204,525       12,016  
Comerica, Inc.(a)
    58,700       1,924  
Goldman Sachs Group, Inc. (The)(a)
    42,157       5,396  
Visa, Inc., Cl A
    129,921       7,976  
                 
              27,312  
                 
Health Care (16.5%)
Aetna, Inc. 
    170,975       6,174  
Allergan, Inc. 
    195,575       10,072  
Amgen, Inc.*
    90,100       5,340  
Baxter International, Inc. 
    194,368       12,756  
Becton, Dickinson & Co. 
    101,000       8,106  
Covance, Inc.*
    35,860       3,171  
Express Scripts, Inc.*(a)
    134,980       9,964  
Genentech, Inc.*(a)
    88,200       7,822  
Gilead Sciences, Inc.*
    225,675       10,286  
Johnson & Johnson
    37,199       2,577  
Novartis AG ADR(a)
    106,600       5,633  
Thermo Fisher Scientific, Inc.*
    111,100       6,111  
                 
              88,012  
                 
Industrials (13.0%)
ABB Ltd. SP ADR
    260,700       5,057  
AGCO Corp.*(a)
    73,800       3,145  
Deere & Co.(a)
    97,350       4,819  
Emerson Electric Co. 
    235,679       9,613  
First Solar, Inc.*(a)
    17,500       3,306  
Fluor Corp.(a)
    111,160       6,192  
Honeywell International, Inc. 
    229,571       9,539  
Raytheon Co. 
    198,749       10,635  
Roper Industries, Inc.(a)
    65,000       3,702  
SPX Corp. 
    47,800       3,681  
Union Pacific Corp.(a)
    132,000       9,393  
                 
              69,082  
                 
Information Technology (24.7%)
Adobe Systems, Inc.*(a)
    270,175       10,664  
Analog Devices, Inc. 
    216,200       5,697  
Apple, Inc.*
    101,295       11,513  
Cisco Systems, Inc.*
    405,518       9,149  
Google, Inc., Cl A*(a)
    36,053       14,440  
Intel Corp. 
    760,330       14,241  
International Business Machines Corp.(a)
    180,412       21,102  
Microsoft Corp. 
    650,622       17,365  
Oracle Corp.*
    643,933       13,078  
QUALCOMM, Inc. 
    289,900       12,457  
Research In Motion Ltd.*
    26,710       1,824  
                 
              131,530  
                 
Materials (3.8%)
Monsanto Co. 
    106,800       10,571  
Mosaic Co. (The)
    34,000       2,313  
Praxair, Inc. 
    104,105       7,469  
                 
              20,353  
                 
Total Common Stocks
            514,505  
                 
Short-Term Investment (15.9%)
Credit Suisse Enhanced Liquidity Fund(b)
    84,429,325       84,429  
                 
Total Short-Term Investment
            84,429  
                 
Money Market Fund (4.4%)
RidgeWorth Institutional Cash Management Money Market Fund(c)
    23,298,586       23,299  
                 
Total Money Market Fund
            23,299  
                 
Total Investments (Cost $606,844)(d) — 116.9%
            622,233  
Liabilities in excess of other assets — (16.9)%
            (90,169 )
                 
Net Assets — 100.0%
          $ 532,064  
                 
 
See Notes to Financial Statements.


30


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Large Cap Growth Stock Fund — concluded
 
 
* Non-income producing security.
 
(a) This security or a partial position of the security was on loan as of September 30, 2008. The total value of securities on loan as of September 30, 2008, in thousands, was $86,338.
 
(b) This security was purchased with cash collateral held from securities lending.
 
(c) Affiliate investment.
 
(d) Represents cost for financial reporting purposes.
 
ADR — American Depositary Receipt
 
See Notes to Financial Statements.


31


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Large Cap Quantitative Equity Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Common Stocks (99.9%)
Consumer Discretionary (8.0%)
AutoZone, Inc.*
    3,131       386  
Best Buy Co., Inc. 
    11,427       428  
Big Lots, Inc.*
    13,386       373  
DISH Network Corp., Cl A*
    13,984       294  
Family Dollar Stores, Inc. 
    15,862       376  
Gap, Inc. (The)
    23,805       423  
H&R Block, Inc. 
    18,758       423  
Hasbro, Inc. 
    11,499       399  
Jones Apparel Group, Inc. 
    19,278       357  
Liberty Media Corp. — Entertainment, Ser A*
    14,360       359  
Limited Brands, Inc. 
    21,045       364  
McDonald’s Corp. 
    15,857       978  
MeadWestvaco Corp. 
    26,814       625  
Omnicom Group, Inc. 
    11,943       461  
Polo Ralph Lauren Corp. 
    5,689       379  
Ross Stores, Inc. 
    9,691       357  
                 
              6,982  
                 
Consumer Staples (12.7%)
H.J. Heinz Co. 
    17,271       862  
Kroger Co. (The)
    33,202       912  
Philip Morris International, Inc. 
    31,743       1,527  
Procter & Gamble Co. (The)
    36,197       2,523  
RadioShack Corp. 
    21,724       375  
Safeway, Inc. 
    31,385       744  
SYSCO Corp. 
    28,661       884  
TJX Cos., Inc. (The)
    14,814       452  
Wal-Mart Stores, Inc. 
    32,044       1,919  
Wm. Wrigley Jr. Co. 
    11,284       896  
                 
              11,094  
                 
Diversified Operations (0.8%)
Robert Half International, Inc. 
    27,997       693  
                 
Energy (14.1%)
Alpha Natural Resources, Inc.*
    8,853       455  
Apache Corp. 
    9,177       957  
Axis Capital Holdings, Ltd. 
    14,907       473  
ConocoPhillips
    22,076       1,617  
ENSCO International, Inc. 
    12,674       731  
Exxon Mobil Corp. 
    53,351       4,143  
Hess Corp. 
    10,041       824  
Murphy Oil Corp. 
    11,369       729  
Nicor, Inc. 
    9,500       422  
Occidental Petroleum Corp. 
    16,408       1,156  
Spectra Energy Corp. 
    32,699       778  
                 
              12,285  
                 
Financials (15.8%)
AFLAC, Inc. 
    16,929       995  
Ameriprise Financial, Inc. 
    18,416       703  
Annaly Capital Management, Inc. REIT
    50,313       677  
Assurant, Inc. 
    9,609       529  
Bank of America Corp. 
    49,402       1,729  
Discover Financial Services
    49,354       682  
Equity Residential REIT
    19,825       880  
Host Hotels & Resorts, Inc. 
    56,427       750  
JPMorgan Chase & Co. 
    35,234       1,645  
Northern Trust Corp. 
    11,047       798  
Progressive Corp. (The)
    32,476       565  
State Street Corp. 
    14,545       827  
TD Ameritrade Holding Corp.*
    35,875       581  
Torchmark Corp. 
    13,116       784  
Travelers Cos., Inc. (The)
    22,186       1,003  
Unum Group
    22,821       573  
                 
              13,721  
                 
Health Care (11.7%)
Amgen, Inc.*
    19,801       1,174  
CIGNA Corp. 
    18,781       638  
Covidien Ltd. 
    16,458       885  
Eli Lilly & Co. 
    22,408       987  
Express Scripts, Inc.*
    11,091       819  
Johnson & Johnson
    23,579       1,633  
Pfizer, Inc. 
    91,404       1,685  
Quest Diagnostics, Inc. 
    13,402       692  
St. Jude Medical, Inc.*
    17,328       754  
Varian Medical Systems, Inc.*
    5,194       297  
Watson Pharmaceuticals, Inc.*
    22,423       639  
                 
              10,203  
                 
Industrials (11.2%)
AGCO Corp.*
    12,463       531  
Cummins, Inc. 
    13,153       575  
Dover Corp. 
    15,975       648  
Fluor Corp. 
    11,621       647  
General Dynamics Corp. 
    11,136       820  
General Electric Co. 
    47,747       1,218  
Goodrich Corp. 
    14,656       610  
L-3 Communications Holdings, Inc. 
    7,686       756  
Leucadia National Corp. 
    18,510       841  
Lockheed Martin Corp. 
    8,666       950  
Raytheon Co. 
    14,912       798  
Ryder System, Inc. 
    10,964       680  
Southwest Airlines Co. 
    48,754       707  
                 
              9,781  
                 
                 
 
See Notes to Financial Statements.


32


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Large Cap Quantitative Equity Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Information Technology (16.5%)
Adobe Systems, Inc.*
    19,437       767  
Altera Corp. 
    33,517       693  
Applied Biosystems, Inc. 
    19,576       671  
CA, Inc. 
    31,776       634  
Compuware Corp.*
    61,653       597  
Hewlett-Packard Co. 
    34,821       1,610  
Intel Corp. 
    78,658       1,473  
International Business Machines Corp. 
    16,973       1,986  
Jabil Circuit, Inc. 
    46,716       446  
Lexmark International, Inc.*
    18,753       611  
LSI Logic Corp.*
    109,214       585  
Microsoft Corp. 
    66,873       1,785  
QLogic Corp.*
    35,986       553  
Symantec Corp.*
    36,348       712  
Teradata Corp.*
    29,235       570  
Xilinx, Inc. 
    29,396       689  
                 
              14,382  
                 
Materials (2.9%)
AK Steel Holding Corp. 
    17,378       450  
Celanese Corp., Ser A
    19,310       539  
CF Industries Holdings, Inc. 
    5,867       537  
FMC Corp. 
    9,846       506  
Mosaic Co. (The)
    7,586       516  
                 
              2,548  
                 
Telecommunication Services (3.0%)
AT&T, Inc. 
    53,166       1,484  
Sprint Nextel Corp. 
    38,327       234  
Verizon Communications, Inc. 
    27,215       873  
                 
              2,591  
                 
Utilities (3.2%)
CenterPoint Energy, Inc. 
    29,184       425  
Consolidated Edison, Inc. 
    12,356       531  
Pinnacle West Capital Corp. 
    12,980       447  
Progress Energy, Inc. 
    11,898       513  
Questar Corp. 
    10,075       412  
TECO Energy, Inc. 
    27,077       426  
                 
              2,754  
                 
Total Investments (Cost $91,837)(a) — 99.9%
            87,034  
Other assets in excess of liabilities — 0.1%
            114  
                 
Net Assets — 100.0%
          $ 87,148  
                 
 
 
* Non-income producing security.
 
(a) Represents cost for financial reporting purposes.
 
REIT — Real Estate Investment Trust
 
See Notes to Financial Statements.


33


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Large Cap Value Equity Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Common Stocks (94.7%)
Consumer Discretionary (11.9%)
Darden Restaurants, Inc.(a)
    505,656       14,477  
Harley-Davidson, Inc.(a)
    312,750       11,666  
Home Depot, Inc. (The)(a)
    1,029,600       26,656  
J.C. Penney Co., Inc. 
    758,100       25,275  
Mattel, Inc. 
    743,900       13,420  
Newell Rubbermaid, Inc. 
    1,221,850       21,089  
News Corp., Cl A
    947,300       11,358  
Time Warner, Inc.(a)
    1,307,533       17,142  
                 
              141,083  
                 
Consumer Staples (8.6%)
Colgate-Palmolive Co. 
    167,600       12,629  
ConAgra Foods, Inc.(a)
    1,298,200       25,263  
CVS Caremark Corp.(a)
    414,450       13,950  
PepsiCo, Inc. 
    188,450       13,431  
Procter & Gamble Co. (The)
    182,400       12,711  
Sara Lee Corp.(a)
    1,916,600       24,207  
                 
              102,191  
                 
Energy (14.1%)
BJ Services Co.(a)
    471,050       9,011  
Chevron Corp. 
    321,700       26,534  
ConocoPhillips
    357,557       26,191  
Exxon Mobil Corp.(a)
    448,600       34,838  
Marathon Oil Corp. 
    565,200       22,535  
Talisman Energy, Inc. 
    1,381,400       19,643  
Tidewater, Inc.(a)
    167,931       9,297  
XTO Energy, Inc.(a)
    426,200       19,827  
                 
              167,876  
                 
Financials (14.9%)
ACE Ltd.(a)
    127,250       6,888  
Bank of America Corp.(a)
    723,550       25,324  
Citigroup, Inc. 
    608,929       12,489  
Franklin Resources, Inc. 
    123,850       10,915  
Hartford Financial Services Group, Inc. (The)
    241,375       9,894  
HCC Insurance Holdings, Inc. 
    241,950       6,533  
JPMorgan Chase & Co. 
    664,066       31,012  
Lincoln National Corp. 
    539,500       23,096  
Travelers Cos., Inc. (The)(a)
    599,050       27,077  
Wells Fargo & Co.(a)
    629,700       23,632  
                 
              176,860  
                 
Health Care (8.6%)
Bristol-Myers Squibb Co. 
    681,050       14,200  
Cardinal Health, Inc. 
    244,413       12,045  
Johnson & Johnson(a)
    365,150       25,297  
Merck & Co., Inc. 
    793,750       25,051  
Pfizer, Inc. 
    572,100       10,549  
Quest Diagnostics, Inc. 
    110,250       5,697  
Wyeth
    250,650       9,259  
                 
              102,098  
                 
Industrials (16.2%)
3M Co. 
    330,650       22,587  
Emerson Electric Co. 
    640,804       26,139  
General Electric Co. 
    1,398,600       35,664  
Grupo Aeroportuario del Pacifico SA de CV ADR(a)
    147,550       3,771  
PPG Industries, Inc.(a)
    488,950       28,516  
R.R. Donnelley & Sons Co. 
    468,050       11,481  
Rockwell Automation, Inc. 
    299,900       11,198  
United Parcel Service, Inc., Cl B(a)
    475,700       29,917  
United Technologies Corp. 
    366,550       22,015  
                 
              191,288  
                 
Information Technology (6.0%)
Harris Corp. 
    299,275       13,827  
Intel Corp. 
    686,650       12,861  
Intersil Corp., Cl A
    414,800       6,877  
Microsoft Corp. 
    512,500       13,679  
Seagate Technology
    514,050       6,230  
Texas Instruments, Inc. 
    600,150       12,903  
Tyco Electronics Ltd. 
    170,350       4,712  
                 
              71,089  
                 
Materials (4.0%)
Alcoa, Inc. 
    249,800       5,641  
Allegheny Technologies, Inc. 
    174,450       5,155  
Ashland, Inc. 
    131,884       3,856  
E.I. du Pont de Nemours & Co.(a)
    329,000       13,259  
Peabody Energy Corp. 
    247,250       11,126  
Sonoco Products Co. 
    286,932       8,516  
                 
              47,553  
                 
Telecommunication Services (5.0%)
AT&T, Inc. 
    1,054,500       29,442  
Verizon Communications, Inc. 
    942,610       30,248  
                 
              59,690  
                 
Utilities (5.4%)
Edison International
    326,150       13,014  
Entergy Corp.(a)
    143,750       12,795  
PG&E Corp. 
    318,000       11,909  
Public Service Enterprise Group, Inc.(a)
    361,950       11,868  
 
See Notes to Financial Statements.


34


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Large Cap Value Equity Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Utilities—continued
                 
Questar Corp. 
    356,035       14,569  
                 
              64,155  
                 
Total Common Stocks
            1,123,883  
                 
Short-Term Investment (16.1%)
Credit Suisse Enhanced Liquidity Fund(b)
    190,906,075       190,906  
                 
Total Short-Term Investment
            190,906  
                 
Money Market Fund (6.7%)
RidgeWorth Institutional Cash Management Money Market Fund(c)
    79,247,372       79,247  
                 
Total Money Market Fund
            79,247  
                 
Total Investments (Cost $1,453,483)(d) — 117.5%
            1,394,036  
Liabilities in excess of other assets — (17.5)%
            (207,404 )
                 
Net Assets — 100.0%
          $ 1,186,632  
                 
 
 
(a) This security or a partial position of the security was on loan as of September 30, 2008. The total value of securities on loan as of September 30, 2008, in thousands, was $193,662.
 
(b) This security was purchased with cash collateral held from securities lending.
 
(c) Affiliate investment.
 
(d) Represents cost for financial reporting purposes.
 
ADR — American Depositary Receipt
 
See Notes to Financial Statements.


35


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Mid-Cap Core Equity Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Common Stocks (97.1%)
Consumer Discretionary (15.0%)
Advance Auto Parts, Inc. 
    46,500       1,844  
American Eagle Outfitters, Inc.(a)
    121,561       1,854  
BorgWarner, Inc. 
    35,004       1,147  
Burger King Holdings, Inc.(a)
    84,960       2,087  
Darden Restaurants, Inc. 
    52,657       1,508  
Hanesbrands, Inc.*(a)
    77,217       1,679  
Jack in the Box, Inc.*(a)
    88,197       1,861  
Mattel, Inc. 
    82,837       1,494  
McGraw-Hill Cos., Inc. (The)
    39,200       1,239  
Mohawk Industries, Inc.*(a)
    31,215       2,104  
Nordstrom, Inc.(a)
    63,113       1,819  
Omnicom Group, Inc.(a)
    36,759       1,417  
Whirlpool Corp.(a)
    17,414       1,381  
                 
              21,434  
                 
Consumer Staples (6.4%)
Church & Dwight Co., Inc. 
    35,038       2,175  
Clorox Co. (The)
    29,547       1,852  
Dr Pepper Snapple Group, Inc.*(a)
    82,500       2,185  
J. M. Smucker Co. (The)
    32,050       1,625  
Pepsi Bottling Group, Inc. (The)
    42,500       1,240  
                 
              9,077  
                 
Energy (9.0%)
Anadarko Petroleum Corp. 
    24,535       1,190  
Cameron International Corp.*(a)
    47,953       1,848  
Chesapeake Energy Corp.(a)
    34,469       1,236  
Cimarex Energy Co. 
    30,900       1,511  
Core Laboratories NV
    13,812       1,400  
Diamond Offshore Drilling, Inc.(a)
    16,760       1,727  
Noble Energy, Inc. 
    26,389       1,467  
Patterson-UTI Energy, Inc. 
    63,116       1,264  
Spectra Energy Corp.(a)
    47,200       1,123  
                 
              12,766  
                 
Financials (15.9%)
Ameriprise Financial, Inc.(a)
    43,000       1,643  
Arch Capital Group Ltd.*
    29,274       2,138  
Discover Financial Services(a)
    124,002       1,714  
Entertainment Properties Trust(a)
    32,903       1,800  
Invesco Ltd. 
    66,000       1,385  
Janus Capital Group, Inc.(a)
    84,060       2,041  
Jones Lang LaSalle, Inc.(a)
    29,186       1,269  
M&T Bank Corp.(a)
    21,027       1,877  
Marshall & Ilsley Corp.(a)
    59,899       1,207  
Principal Financial Group, Inc.(a)
    36,472       1,586  
ProLogis
    39,787       1,642  
Raymond James Financial, Inc.(a)
    65,390       2,156  
SL Green Realty Corp.(a)
    17,425       1,129  
StanCorp Financial Group, Inc. 
    21,720       1,079  
                 
              22,666  
                 
Health Care (9.6%)
Becton, Dickinson & Co. 
    18,902       1,517  
Celgene Corp.*
    14,900       943  
Cephalon, Inc.*(a)
    21,735       1,684  
Endo Pharmaceuticals Holdings, Inc.*
    53,109       1,062  
Express Scripts, Inc.*
    28,000       2,067  
Laboratory Corp. of America Holdings*(a)
    26,048       1,811  
Thermo Fisher Scientific, Inc.*
    35,712       1,964  
Universal Health Services, Inc., Cl B
    32,029       1,795  
Waters Corp.*
    15,115       880  
                 
              13,723  
                 
Industrials (12.1%)
Copart, Inc.*
    47,367       1,800  
Covanta Holding Corp.*(a)
    70,431       1,686  
CSX Corp. 
    23,072       1,259  
Curtiss-Wright Corp.(a)
    42,933       1,951  
Dover Corp. 
    37,164       1,507  
Eaton Corp. 
    29,033       1,631  
Equifax, Inc. 
    46,960       1,618  
Goodrich Corp. 
    35,508       1,477  
L-3 Communications Holdings, Inc.(a)
    17,188       1,690  
PACCAR, Inc.(a)
    27,091       1,035  
Rockwell Automation, Inc. 
    42,532       1,588  
                 
              17,242  
                 
Information Technology (17.0%)
Adobe Systems, Inc.*(a)
    42,032       1,659  
Agilent Technologies, Inc.*
    59,135       1,754  
Amdocs Ltd.*
    45,950       1,258  
Analog Devices, Inc. 
    52,390       1,380  
BMC Software, Inc.*(a)
    62,096       1,778  
Harris Corp. 
    39,200       1,811  
Juniper Networks, Inc.*(a)
    87,403       1,842  
NCR Corp.*
    86,291       1,903  
Polycom, Inc.*(a)
    63,610       1,471  
Sybase, Inc.*(a)
    66,264       2,028  
Symantec Corp.*(a)
    84,200       1,649  
 
See Notes to Financial Statements.


36


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Mid-Cap Core Equity Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Information Technology—continued
                 
Teradata Corp.*
    74,957       1,462  
Tyco Electronics Ltd. 
    41,500       1,148  
Western Union Co. 
    59,405       1,465  
Xilinx, Inc.(a)
    67,355       1,579  
                 
              24,187  
                 
Materials (4.8%)
Air Products & Chemicals, Inc. 
    20,200       1,383  
Albemarle Corp.(a)
    50,614       1,561  
FMC Corp. 
    26,457       1,360  
Packaging Corp. of America(a)
    60,357       1,399  
Steel Dynamics, Inc. 
    66,306       1,133  
                 
              6,836  
                 
Telecommunication Services (1.8%)
NTELOS Holdings Corp.(a)
    53,148       1,429  
Telephone & Data Systems, Inc. 
    30,620       1,095  
                 
              2,524  
                 
Utilities (5.5%)
Edison International
    40,000       1,596  
MDU Resources Group, Inc. 
    69,829       2,025  
OGE Energy Corp. 
    54,000       1,667  
ONEOK, Inc.(a)
    30,630       1,054  
PG&E Corp. 
    40,100       1,502  
                 
              7,844  
                 
Total Common Stocks
            138,299  
                 
Exchange Traded Funds (1.2%)
SPDR KBW Bank(a)
    15,850       532  
SPDR KBW Regional Banking
    32,800       1,181  
                 
Total Exchange Traded Funds
            1,713  
                 
Short-Term Investment (35.0%)
Credit Suisse Enhanced Liquidity Fund(b)
    49,924,150       49,924  
                 
Total Short-Term Investment
            49,924  
                 
Money Market Fund (0.9%)
RidgeWorth Institutional Cash Management Money Market Fund(c)
    1,249,381       1,249  
                 
Total Money Market Fund
            1,249  
                 
Total Investments (Cost $189,466)(d) — 134.2%
            191,185  
Liabilities in excess of other assets — (34.2)%
            (48,704 )
                 
Net Assets — 100.0%
          $ 142,481  
                 
 
 
* Non-income producing security.
 
(a) This security or a partial position of the security was on loan as of September 30, 2008. The total value of securities on loan as of September 30, 2008, in thousands, was $50,992.
 
(b) This security was purchased with cash collateral held from securities lending.
 
(c) Affiliate investment.
 
(d) Represents cost for financial reporting purposes.
 
SPDR — Standard & Poors Depository Receipt
 
See Notes to Financial Statements.


37


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Mid-Cap Value Equity Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Common Stocks (94.6%)
Consumer Discretionary (10.2%)
Brunswick Corp.(a)
    160,450       2,052  
Darden Restaurants, Inc.(a)
    182,350       5,221  
Gap, Inc. (The)(a)
    85,050       1,512  
Harley-Davidson, Inc.(a)
    38,100       1,421  
Harman International Industries, Inc. 
    83,500       2,845  
J.C. Penney Co., Inc. 
    51,000       1,700  
Mattel, Inc. 
    276,400       4,986  
Newell Rubbermaid, Inc. 
    267,200       4,612  
Virgin Media, Inc.(a)
    623,000       4,922  
                 
              29,271  
                 
Consumer Staples (6.8%)
ConAgra Foods, Inc.(a)
    260,100       5,061  
Pepsi Bottling Group, Inc. (The)
    144,900       4,227  
Safeway, Inc.(a)
    121,500       2,882  
Sara Lee Corp. 
    575,900       7,274  
                 
              19,444  
                 
Energy (11.0%)
BJ Services Co.(a)
    195,300       3,736  
CONSOL Energy, Inc.(a)
    153,500       7,044  
Talisman Energy, Inc. 
    313,400       4,456  
Tidewater, Inc. 
    67,100       3,715  
Valero Energy Corp.(a)
    106,700       3,233  
Williams Cos., Inc. (The)(a)
    211,700       5,007  
XTO Energy, Inc. 
    96,800       4,503  
                 
              31,694  
                 
Financials (24.7%)
ACE Ltd. 
    132,000       7,145  
Ameriprise Financial, Inc. 
    36,800       1,406  
Assurant, Inc. 
    58,600       3,223  
CapitalSource, Inc.(a)
    277,700       3,416  
DuPont Fabros Technology, Inc. 
    343,300       5,235  
Franklin Resources, Inc. 
    60,700       5,349  
GFI Group, Inc.(a)
    551,600       2,598  
Hanover Insurance Group, Inc. (The)
    99,900       4,547  
HCC Insurance Holdings, Inc. 
    159,700       4,312  
Lazard Ltd., Cl A
    83,000       3,549  
Lincoln National Corp. 
    118,400       5,069  
Old Republic International Corp.(a)
    286,100       3,648  
People’s United Financial, Inc.(a)
    441,000       8,490  
Raymond James Financial, Inc.(a)
    82,800       2,731  
SL Green Realty Corp.(a)
    52,400       3,396  
XL Capital Ltd., Cl A(a)
    383,600       6,882  
                 
              70,996  
                 
Health Care (5.4%)
Beckman Coulter, Inc. 
    23,100       1,640  
Cardinal Health, Inc. 
    122,300       6,027  
Mentor Corp.(a)
    64,100       1,530  
Quest Diagnostics, Inc. 
    83,900       4,335  
Teleflex, Inc. 
    32,750       2,079  
                 
              15,611  
                 
Industrials (5.2%)
Eaton Corp. 
    28,000       1,573  
Empresa Brasileira de Aeronautica SA ADR(a)
    98,072       2,649  
Herman Miller, Inc.(a)
    67,400       1,649  
R.R. Donnelley & Sons Co. 
    145,000       3,557  
Rockwell Automation, Inc. 
    108,600       4,055  
Southwest Airlines Co.(a)
    89,950       1,305  
                 
              14,788  
                 
Information Technology (8.1%)
CA, Inc.(a)
    107,000       2,136  
Harris Corp. 
    114,300       5,281  
Intersil Corp., Cl A
    185,850       3,081  
Motorola, Inc. 
    215,050       1,535  
Paychex, Inc.(a)
    144,600       4,776  
Seagate Technology
    263,200       3,190  
Tyco Electronics Ltd. 
    114,900       3,178  
                 
              23,177  
                 
Materials (8.1%)
Air Products & Chemicals, Inc. 
    22,000       1,507  
Albemarle Corp.(a)
    70,800       2,184  
Ashland, Inc. 
    111,500       3,260  
Eastman Chemical Co.(a)
    26,400       1,445  
Ecolab, Inc.(a)
    48,000       2,329  
Lubrizol Corp. (The)
    86,250       3,721  
Packaging Corp. of America(a)
    125,300       2,905  
Sonoco Products Co. 
    102,600       3,045  
Valspar Corp. (The)
    129,000       2,875  
                 
              23,271  
                 
Telecommunication Services (3.4%)
Meredith Corp.(a)
    194,600       5,458  
Qwest Communications International, Inc.(a)
    1,340,500       4,330  
                 
              9,788  
                 
Utilities (11.7%)
Allegheny Energy, Inc. 
    173,700       6,387  
American Electric Power Co., Inc. 
    75,000       2,781  
Edison International
    151,500       6,045  
Entergy Corp.(a)
    51,400       4,575  
PG&E Corp. 
    70,300       2,632  
 
See Notes to Financial Statements.


38


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Mid-Cap Value Equity Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Utilities—continued
                 
Questar Corp. 
    112,800       4,616  
Sempra Energy(a)
    57,100       2,882  
TECO Energy, Inc. 
    231,300       3,638  
                 
              33,556  
                 
Total Common Stocks
            271,596  
                 
Short-Term Investment (29.3%)
Credit Suisse Enhanced Liquidity Fund(b)
    84,068,874       84,069  
                 
Total Short-Term Investment
            84,069  
                 
Money Market Fund (6.7%)
RidgeWorth Institutional Cash Management Money Market Fund(c)
    19,299,755       19,300  
                 
Total Money Market Fund
            19,300  
                 
Total Investments (Cost $401,141)(d) — 130.6%
            374,965  
Liabilities in excess of other assets — (30.6)%
            (87,783 )
                 
Net Assets — 100.0%
          $ 287,182  
                 
 
 
(a) This security or a partial position of the security was on loan as of September 30, 2008. The total value of securities on loan as of September 30, 2008, in thousands, was $87,377.
 
(b) This security was purchased with cash collateral held from securities lending.
 
(c) Affiliate investment.
 
(d) Represents cost for financial reporting purposes.
 
ADR — American Depositary Receipt
 
See Notes to Financial Statements.


39


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Real Estate 130/30 Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Long Positions (128.8%)
Common Stocks (128.8%)
Casinos & Gaming (6.4%)
Ameristar Casinos, Inc. 
    1,600       23  
Boyd Gaming Corp. 
    3,000       28  
Churchill Downs, Inc. 
    2,400       117  
Monarch Casino & Resort, Inc.*
    400       5  
Pinnacle Entertainment, Inc.*
    5,000       38  
Wynn Resorts Ltd. 
    1,400       114  
                 
              325  
                 
Diversified (7.1%)
CapLease, Inc. REIT
    2,500       20  
Forest City Enterprises, Inc., Cl A, REIT
    3,000       92  
Vornado Realty Trust REIT
    1,300       118  
Washington Real Estate Investment Trust
    3,500       128  
                 
              358  
                 
Health Care (19.0%)
Cogdell Spencer, Inc. REIT
    3,800       61  
HCP, Inc. REIT
    6,600       265  
Health Care REIT, Inc. 
    3,300       176  
LifePoint Hospitals, Inc.*
    1,300       42  
OMEGA Healthcare Investors, Inc. 
    5,300       104  
Sun Healthcare Group, Inc.*
    1,500       22  
Tenet Healthcare Corp.*
    17,000       94  
Ventas, Inc. REIT
    3,900       193  
                 
              957  
                 
Heavy Construction (2.3%)
KBR, Inc. 
    2,100       32  
Layne Christensen Co.*
    300       11  
Perini Corp.*
    2,800       72  
                 
              115  
                 
Homebuilders (2.8%)
M/I Homes, Inc. 
    300       7  
Meritage Homes Corp.*
    500       12  
NVR, Inc.*
    100       57  
Standard Pacific Corp.*
    12,800       63  
                 
              139  
                 
Hotels & Leisure Properties (13.1%)
Cedar Fair LP
    4,000       83  
Entertainment Properties Trust REIT
    1,500       82  
Hersha Hospitality Trust REIT
    12,000       89  
Hospitality Properties Trust REIT
    2,600       53  
LaSalle Hotel Properties REIT
    3,500       82  
Life Time Fitness, Inc.*
    2,600       81  
Starwood Hotels & Resorts Worldwide, Inc. 
    2,700       76  
Wyndham Worldwide Corp. 
    7,100       112  
                 
              658  
                 
Industrial (9.9%)
EastGroup Properties, Inc. REIT
    900       44  
First Potomac Realty Trust REIT
    4,200       72  
Public Storage REIT
    3,400       336  
U-Store-It Trust REIT
    3,900       48  
                 
              500  
                 
Land & Forest Products (4.7%)
Plum Creek Timber Co., Inc. 
    300       15  
Potlatch Corp. 
    2,200       102  
Rayonier, Inc. REIT
    2,500       119  
                 
              236  
                 
Mortgage (1.7%)
CapitalSource, Inc. 
    2,600       32  
Capstead Mortgage Corp. REIT
    2,100       23  
RAIT Financial Trust REIT
    5,600       31  
                 
              86  
                 
Office (22.0%)
Alexandria Real Estate Equities, Inc. 
    900       102  
BioMed Realty Trust, Inc. REIT
    2,300       61  
Boston Properties, Inc. REIT
    3,000       281  
Brandywine Realty Trust REIT
    2,800       45  
Digital Reality Trust, Inc. REIT
    2,800       132  
Highwoods Properties, Inc. REIT
    3,400       121  
HRPT Properties Trust REIT
    9,300       64  
Kilroy Realty Corp. REIT
    800       38  
Lexington Realty Trust REIT
    6,700       115  
Liberty Property Trust REIT
    3,300       124  
Mack-Cali Realty Corp. REIT
    700       24  
                 
              1,107  
                 
Real Estate Services (2.4%)
CoStar Group, Inc.*
    200       9  
LoopNet, Inc.*
    1,100       11  
McDermott International, Inc.*
    700       18  
SBA Communications Corp., Cl A*
    3,200       83  
                 
              121  
                 
Residential (12.3%)
Apartment Investment & Management Co., Cl A
    5,300       186  
AvalonBay Communities, Inc. REIT
    2,000       197  
BRE Properties, Inc. REIT
    2,000       98  
 
See Notes to Financial Statements.


40


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Real Estate 130/30 Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Residential—continued
                 
Equity Residential REIT
    2,800       124  
Home Properties, Inc. REIT
    300       17  
                 
              622  
                 
Retail (25.1%)
Agree Realty Corp. REIT
    200       6  
CBL & Associates Properties, Inc. REIT
    3,400       68  
Federal Realty Investment Trust REIT
    500       43  
Glimcher Realty Trust REIT
    3,600       37  
Inland Real Estate Corp. REIT
    1,700       27  
Kimco Realty Corp. REIT
    2,400       89  
National Retail Properties, Inc. REIT
    4,100       98  
Pennsylvania Real Estate Investment Trust
    4,000       75  
Simon Property Group, Inc. REIT
    4,300       417  
Taubman Centers, Inc. REIT
    2,200       110  
The Macerich Co. REIT
    2,800       178  
Weingarten Realty Investors REIT
    3,300       118  
                 
              1,266  
                 
Total Common Stocks
            6,490  
                 
Total Investments — 128.8%
               
Total Long Positions (Cost $6,507)(a)
            6,490  
                 
Other assets in excess of liabilities — 0.0%
            2  
Short Positions (see summary below) (28.8)%
            (1,454 )
                 
Net Assets — 100.0%
          $ 5,038  
                 
Short Positions ((28.8)%)
Common Stocks Sold Short ((28.8)%)
Casinos & Gaming ((2.0)%)
MGM MIRAGE*
    (3,500 )     (100 )
                 
Diversified ((1.0)%)
Colonial Properties Trust REIT
    (1,100 )     (21 )
Investors Real Estate Trust REIT
    (2,700 )     (30 )
                 
              (51 )
                 
Health Care ((4.9)%)
Assited Living Concepts, Inc., Cl A*
    (10,200 )     (65 )
Brookdale Senior Living, Inc. 
    (3,100 )     (68 )
Emeritus Corp.*
    (1,000 )     (25 )
Health Management Associates, Inc., Cl A*
    (1,700 )     (7 )
Healthcare Realty Trust, Inc. REIT
    (1,000 )     (29 )
HEALTHSOUTH Corp.*
    (900 )     (17 )
LTC Properties, Inc. REIT
    (400 )     (12 )
Medical Properties Trust, Inc. REIT
    (800 )     (9 )
Senior Housing Properties Trust REIT
    (600 )     (14 )
                 
              (246 )
                 
Heavy Construction ((2.4)%)
Michael Baker Corp.*
    (1,700 )     (59 )
Quanta Services, Inc.*
    (400 )     (11 )
URS Corp.*
    (1,400 )     (51 )
                 
              (121 )
                 
Homebuilders ((2.4)%)
Centex Corp. 
    (1,300 )     (21 )
Hilltop Holdings, Inc.*
    (1,300 )     (13 )
KB Home
    (1,600 )     (32 )
The Ryland Group, Inc. 
    (2,100 )     (56 )
                 
              (122 )
                 
Hotels & Leisure Properties ((11.3)%)
Choice Hotels International, Inc. 
    (1,200 )     (33 )
DiamondRock Hospitality Co. REIT
    (1,600 )     (15 )
FelCor Lodging Trust, Inc. REIT
    (9,500 )     (68 )
Gaylord Entertainment Co.*
    (2,800 )     (82 )
Marriott International, Inc., Cl A
    (700 )     (18 )
Morgans Hotel Group*
    (4,800 )     (52 )
Orient-Express Hotels Ltd., Cl A
    (2,400 )     (58 )
Strategic Hotels & Resorts Inc. REIT
    (6,400 )     (48 )
The Marcus Corp. 
    (6,200 )     (100 )
Vail Resorts, Inc.*
    (2,900 )     (102 )
                 
              (576 )
                 
Industrial ((0.1)%)
DCT Industrial Trust, Inc. REIT
    (900 )     (7 )
                 
Mortgage ((1.3)%)
CBRE Realty Finance, Inc. REIT
    (6,100 )     (8 )
Chimera Investment Corp. REIT
    (1,300 )     (8 )
KKR Financial Holdings LLC
    (7,800 )     (50 )
                 
              (66 )
                 
Office ((0.6)%)
Maguire Properties, Inc. REIT
    (4,800 )     (28 )
                 
Real Estate Services ((0.4)%)
Fidelity National Financial, Inc., Cl A
    (1,200 )     (17 )
                 
Residential ((0.7)%)
Post Properties, Inc. 
    (1,200 )     (33 )
                 
                 
 
See Notes to Financial Statements.


41


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Real Estate 130/30 Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Retail ((1.7)%)
Equity One, Inc. REIT
    (3,000 )     (62 )
Kite Realty Group Trust REIT
    (2,300 )     (25 )
                 
              (87 )
                 
Total Common Stocks Sold Short
            (1,454 )
                 
Total Investment Securities Sold Short (Proceeds $1,610)
            (1,454 )
                 
 
 
* Non-income producing security.
 
(a) Represents cost for financial reporting purposes.
 
REIT — Real Estate Investment Trust
 
See Notes to Financial Statements.


42


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Select Large Cap Growth Stock Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Common Stocks (92.8%)
Consumer Discretionary (8.4%)
DIRECTV Group, Inc. (The)*(a)
    83,950       2,197  
McDonald’s Corp. 
    45,810       2,827  
NIKE, Inc., Cl B
    38,150       2,552  
Omnicom Group, Inc.(a)
    46,550       1,795  
                 
              9,371  
                 
Consumer Staples (13.8%)
Colgate-Palmolive Co. 
    41,050       3,093  
Costco Wholesale Corp.(a)
    54,980       3,570  
CVS Caremark Corp. 
    84,370       2,840  
PepsiCo, Inc. 
    59,120       4,213  
TJX Cos., Inc. (The)(a)
    58,780       1,794  
                 
              15,510  
                 
Energy (10.4%)
Cameron International Corp.*(a)
    72,750       2,804  
Halliburton Co. 
    82,310       2,666  
Occidental Petroleum Corp. 
    32,860       2,315  
Schlumberger Ltd. 
    50,160       3,917  
                 
              11,702  
                 
Financials (4.2%)
AFLAC, Inc. 
    37,730       2,217  
T. Rowe Price Group, Inc.(a)
    45,540       2,446  
                 
              4,663  
                 
Health Care (17.0%)
Allergan, Inc.(a)
    58,100       2,992  
Baxter International, Inc. 
    49,850       3,272  
Becton, Dickinson & Co. 
    42,550       3,415  
Express Scripts, Inc.*
    45,440       3,354  
Gilead Sciences, Inc.*
    52,785       2,406  
Thermo Fisher Scientific, Inc.*
    64,380       3,541  
                 
              18,980  
                 
Industrials (8.3%)
Emerson Electric Co. 
    57,250       2,335  
Raytheon Co.(a)
    53,610       2,869  
Union Pacific Corp. 
    28,170       2,005  
United Technologies Corp. 
    34,940       2,098  
                 
              9,307  
                 
Information Technology (26.7%)
Adobe Systems, Inc.*(a)
    67,360       2,659  
Analog Devices, Inc. 
    58,360       1,538  
Apple, Inc.*
    25,970       2,952  
Cisco Systems, Inc.*
    133,880       3,020  
Google, Inc., Cl A*
    9,210       3,689  
Intel Corp. 
    207,696       3,890  
International Business Machines Corp. 
    41,005       4,797  
Oracle Corp.*
    155,168       3,151  
QUALCOMM, Inc. 
    64,980       2,792  
Research In Motion Ltd.*
    19,800       1,352  
                 
              29,840  
                 
Materials (4.0%)
Monsanto Co. 
    24,800       2,454  
Praxair, Inc. 
    27,820       1,996  
                 
              4,450  
                 
Total Common Stocks
            103,823  
                 
Short-Term Investment (12.6%)
Credit Suisse Enhanced Liquidity Fund(b)
    14,054,800       14,055  
                 
Total Short-Term Investment
            14,055  
                 
Money Market Fund (7.8%)
RidgeWorth Institutional Cash Management Money Market Fund(c)
    8,770,305       8,770  
                 
Total Money Market Fund
            8,770  
                 
Total Investments (Cost $125,188)(d) — 113.2%
            126,648  
Liabilities in excess of other assets — (13.2)%
            (14,724 )
                 
Net Assets — 100.0%
          $ 111,924  
                 
 
 
* Non-income producing security.
 
(a) This security or a partial position of the security was on loan as of September 30, 2008. The total value of securities on loan as of September 30, 2008, in thousands, was $14,546.
 
(b) This security was purchased with cash collateral held from securities lending.
 
(c) Affiliate investment.
 
(d) Represents cost for financial reporting purposes.
 
See Notes to Financial Statements.


43


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Small Cap Growth Stock Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Common Stocks (96.4%)
Consumer Discretionary (14.7%)
Aeropostale, Inc.*(a)
    109,594       3,519  
Arbitron, Inc. 
    33,590       1,501  
Brinker International, Inc.(a)
    112,160       2,006  
Deckers Outdoor Co.*(a)
    43,595       4,537  
Dress Barn, Inc. (The)*(a)
    161,779       2,474  
Fossil, Inc.*
    179,412       5,065  
FTI Consulting, Inc.*(a)
    39,798       2,875  
Guess?, Inc.(a)
    64,983       2,261  
Gymboree Corp., (The)*
    88,151       3,129  
Jack in the Box, Inc.*(a)
    97,798       2,063  
John Wiley & Sons, Inc., Cl A
    68,791       2,783  
LKQ Corp.*
    220,347       3,739  
Lululemon Athletica, Inc.*(a)
    100,940       2,325  
Lumber Liquidators, Inc.*(a)
    15,581       196  
Marvel Entertainment, Inc.*(a)
    70,690       2,413  
McCormick & Schmick’s Seafood Restaurants, Inc.*
    241,056       2,348  
Navigant Consulting, Inc.*
    216,576       4,308  
Netflix, Inc.*(a)
    89,183       2,754  
Priceline.com, Inc.*(a)
    37,635       2,575  
Tractor Supply Co.*(a)
    100,300       4,218  
Tupperware Brands Corp.(a)
    184,072       5,086  
Wabash National Corp. 
    197,373       1,865  
Warnaco Group, Inc., (The)*
    101,219       4,584  
Wolverine World Wide, Inc. 
    92,650       2,453  
                 
              71,077  
                 
Consumer Staples (4.0%)
American Oriental Bioengineering, Inc.*(a)
    274,058       1,778  
BJ’s Wholesale Club, Inc.*(a)
    95,524       3,712  
Chattem, Inc.*(a)
    63,145       4,937  
Flowers Foods, Inc.(a)
    134,075       3,936  
Hanesbrands, Inc.*(a)
    120,130       2,613  
Ulta Salon, Cosmetics & Fragrance, Inc.*
    197,580       2,624  
                 
              19,600  
                 
Energy (5.3%)
Arena Resources, Inc.*
    52,950       2,057  
Atwood Oceanics, Inc.*
    49,852       1,815  
Concho Resources, Inc.*
    80,430       2,221  
Core Laboratories NV
    23,926       2,424  
GMX Resources, Inc.*(a)
    23,099       1,104  
Dril-Quip, Inc.*
    91,093       3,952  
Grey Wolf, Inc.*(a)
    583,314       4,538  
Matrix Service Co.*(a)
    162,448       3,103  
Penn Virginia Corp.(a)
    53,304       2,848  
PetroQuest Energy, Inc.*(a)
    112,763       1,731  
                 
              25,793  
                 
Financials (7.2%)
Digital Reality Trust, Inc. REIT(a)
    58,780       2,777  
DuPont Fabros Technology, Inc. 
    180,800       2,757  
First Horizon National Corp.(a)
    135,640       1,289  
Hanover Insurance Group, Inc. (The)
    106,307       4,839  
Huron Consulting Group, Inc.*(a)
    63,078       3,594  
Navigators Group, Inc., (The)*(a)
    30,063       1,744  
NewAlliance Bancshares, Inc.(a)
    151,789       2,281  
SVB Financial Group*(a)
    53,833       3,118  
Tanger Factory Outlet Centers, Inc. REIT(a)
    85,679       3,752  
Texas Capital Bancshares, Inc.*
    81,031       1,682  
TNS, Inc.*
    167,532       3,245  
Waddell & Reed Financial, Inc., Cl A
    92,830       2,298  
Webster Financial Corp. 
    67,140       1,695  
                 
              35,071  
                 
Health Care (25.4%)
Alexion Pharmaceuticals, Inc.*(a)
    211,258       8,303  
Alkermes, Inc.*(a)
    328,186       4,365  
Alliance Imaging, Inc.*
    415,749       4,270  
AMAG Pharmaceuticals, Inc.*(a)
    47,634       1,845  
ArthroCare Corp.*(a)
    154,386       4,280  
BioMarin Pharmaceutical, Inc.*(a)
    115,122       3,050  
Cypress Bioscience, Inc.*
    274,960       2,021  
Datascope Corp. 
    25,118       1,297  
Genoptix, Inc.*
    113,314       3,702  
Haemonetics Corp.*(a)
    89,116       5,500  
HealthExtras, Inc.*
    168,498       4,401  
K-V Pharmaceutical Co.*(a)
    98,806       2,244  
Meridian Bioscience, Inc.(a)
    208,754       6,062  
Neogen Corp.*
    110,473       3,113  
NuVasive, Inc.*(a)
    114,892       5,668  
OSI Pharmaceuticals, Inc.*(a)
    74,429       3,669  
PAREXEL International Corp.*
    188,465       5,401  
 
See Notes to Financial Statements.


44


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Small Cap Growth Stock Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Health Care—continued
                 
Perrigo Co. 
    138,900       5,342  
Phase Forward, Inc.*
    166,643       3,484  
Progenics Pharmaceuticals, Inc.*(a)
    226,494       3,015  
Psychiatric Solutions, Inc.*(a)
    169,456       6,431  
Quidel Corp.*(a)
    153,642       2,521  
Savient Pharmaceuticals, Inc.*(a)
    92,636       1,381  
STERIS Corp. 
    208,066       7,819  
Sun Healthcare Group, Inc.*
    140,830       2,065  
United Therapeutics Corp.*(a)
    50,998       5,363  
Varian, Inc.*
    107,760       4,623  
West Pharmaceutical Services, Inc.(a)
    138,479       6,761  
XenoPort, Inc.*(a)
    108,750       5,273  
                 
              123,269  
                 
Industrials (10.0%)
American Superconductor Corp.*(a)
    74,093       1,746  
AZZ, Inc.*(a)
    95,021       3,931  
CIRCOR International, Inc. 
    76,730       3,332  
Con-way, Inc.(a)
    44,512       1,963  
Curtiss-Wright Corp.(a)
    122,196       5,554  
EnergySolutions, Inc. 
    202,450       2,025  
InnerWorkings, Inc.*(a)
    290,175       3,218  
Kansas City Southern*(a)
    88,499       3,926  
Lindsay Corp.(a)
    51,004       3,711  
Lufkin Industries, Inc.(a)
    46,716       3,707  
Orbital Sciences Corp.*(a)
    233,517       5,597  
Powell Industries, Inc.*(a)
    90,999       3,714  
RBC Bearings, Inc.*(a)
    35,065       1,181  
Robbins & Myers, Inc.(a)
    58,141       1,798  
URS Corp.*
    52,546       1,927  
Valmont Industries, Inc. 
    14,894       1,232  
                 
              48,562  
                 
Information Technology (21.7%)
Anixter International, Inc.*(a)
    77,674       4,622  
ANSYS, Inc.*(a)
    65,250       2,471  
Ariba, Inc.*(a)
    347,533       4,911  
AsiaInfo Holdings, Inc.*
    283,496       2,602  
Atheros Communications*(a)
    89,177       2,103  
AuthenTec, Inc.*(a)
    482,474       1,037  
Cavium Networks, Inc.*(a)
    104,408       1,470  
Cognex Corp. 
    485       10  
Comtech Telecommunications Corp.*(a)
    128,662       6,335  
CyberSource Corp.*(a)
    320,528       5,164  
Dionex Corp.*(a)
    79,451       5,049  
Double-Take Software, Inc.*
    252,911       2,516  
Energy Conversion Devices, Inc.*(a)
    51,890       3,023  
eResearchTechnology, Inc.*(a)
    354,737       4,225  
FactSet Research Systems, Inc. 
    47,180       2,465  
Informatica Corp.*(a)
    300,341       3,901  
Ingram Micro, Inc., Cl A*
    206,540       3,319  
ION Geophysical Corp.*(a)
    127,128       1,804  
j2 Global Communications, Inc.*(a)
    186,634       4,358  
Jack Henry & Associates, Inc.(a)
    85,736       1,743  
Manhattan Associates, Inc.*
    184,007       4,111  
ManTech International Corp., Cl A*(a)
    75,437       4,473  
MICROS Systems, Inc.*(a)
    164,288       4,380  
Nuance Communications, Inc.*(a)
    214,700       2,617  
Omniture, Inc.*(a)
    167,375       3,073  
Perot Systems Corp., Cl A*
    178,143       3,091  
PMC-Sierra, Inc.*(a)
    481,100       3,570  
Polycom, Inc.*(a)
    205,704       4,758  
Silicon Laboratories, Inc.*(a)
    70,302       2,158  
SPSS, Inc.*(a)
    77,147       2,265  
Sybase, Inc.*(a)
    136,107       4,168  
Tessera Technologies, Inc.*(a)
    198,965       3,251  
                 
              105,043  
                 
Materials (5.8%)
American Vanguard Corp.(a)
    127,273       1,919  
Ameron International Corp.(a)
    30,146       2,160  
Greif, Inc., Cl A
    45,339       2,975  
Koppers Holdings, Inc. 
    86,091       3,221  
Northwest Pipe Co.*(a)
    71,233       3,107  
Polypore International, Inc.*
    129,834       2,793  
Rock-Tenn Co., Cl A(a)
    92,646       3,704  
Silgan Holdings, Inc. 
    80,953       4,136  
Willbros Group, Inc.*(a)
    160,529       4,254  
                 
              28,269  
                 
Transportation (2.3%)
American Commercial Lines, Inc.*(a)
    298,799       3,179  
Hornbeck Offshore Services, Inc.*(a)
    89,973       3,475  
Kirby Corp.*(a)
    71,161       2,700  
Ultrapetrol Bahamas Ltd.*(a)
    205,632       1,614  
                 
              10,968  
                 
Total Common Stocks
            467,652  
                 
                 
 
See Notes to Financial Statements.


45


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Small Cap Growth Stock Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Warrants (0.0%)
Health Care (0.0%)
Drugmax, Inc.(b)(c)(d)
    1,301,500        
                 
Telecommunications (0.0%)
Sunair Services Corp.(b)(c)(d)
    350,000        
                 
Total Warrants
             
                 
Short-Term Investment (44.3%)
Credit Suisse Enhanced Liquidity Fund(e)
    214,964,154       214,964  
                 
Total Short-Term Investment
            214,964  
                 
Money Market Fund (2.7%)
RidgeWorth Institutional Cash Management Money Market Fund(f)
    13,322,618       13,323  
                 
Total Money Market Fund
            13,323  
                 
Total Investments
(Cost $700,358)(g) — 143.4%
            695,939  
Liabilities in excess of other assets — (43.4)%
            (210,468 )
                 
Net Assets — 100.0%
          $ 485,471  
                 
 
* Non-income producing security.
 
(a) This security or a partial position of the security was on loan as of September 30, 2008. The total value of securities on loan as of September 30, 2008, in thousands, was $214,567.
 
(b) 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 September 30, 2008.
 
(c) Market value is zero.
 
(d) The Fund’s adviser 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 September 30, 2008 are identified below (in thousands):
 
                                         
                    Percent of
Issue
  Acquisition
  Cost
      Value
  Net Assets
Description   Date   ($)   Shares   ($)   (%)
 
 
Drugmax, Inc. Warrants 
    9/27/2005             1,302              
Sunair Services Corp Warrants
    12/15/2005             350              
 
(e) This security was purchased with cash collateral held from securities lending.
 
(f) Affiliate investment.
 
(g) Represents cost for financial reporting purposes.
 
REIT — Real Estate Investment Trust
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


46


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Small Cap Value Equity Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Common Stocks (92.4%)
Consumer Discretionary (22.7%)
ABM Industries, Inc. 
    316,638       6,915  
American Greetings Corp., Cl A(a)
    171,800       2,627  
Asbury Automotive Group, Inc. 
    536,139       6,176  
Bassett Furniture Industries, Inc. 
    224,154       1,917  
bebe Stores, Inc.(a)
    580,934       5,676  
Brink’s Co. (The)
    73,000       4,454  
Brown Shoe Co., Inc.(a)
    319,588       5,235  
CBRL Group, Inc.(a)
    145,000       3,813  
CKE Restaurants, Inc. 
    807,735       8,562  
Cobra Electronics Corp. 
    87,814       207  
Group 1 Automotive, Inc.(a)
    177,800       3,864  
Interface, Inc., Cl A(a)
    1,670,721       18,996  
K-Swiss, Inc., Cl A(a)
    247,100       4,300  
Movado Group, Inc.(a)
    195,626       4,372  
OfficeMax, Inc.(a)
    262,300       2,332  
Pep Boys-Manny, Moe & Jack (The)(a)
    200,500       1,239  
Signet Jewelers Ltd.(a)
    48,839       1,142  
Stage Stores, Inc. 
    205,654       2,809  
Tempur-Pedic International, Inc.(a)
    586,300       6,895  
Thor Industries, Inc.(a)
    168,100       4,172  
Wendy’s/Arby’s Group, Inc., Cl A
    1,801,150       9,474  
                 
              105,177  
                 
Consumer Staples (1.1%)
Diamond Foods, Inc. 
    44,900       1,259  
PRIMEDIA, Inc.(a)
    358,514       871  
Regis Corp.(a)
    110,600       3,041  
                 
              5,171  
                 
Energy (4.7%)
CARBO Ceramics, Inc.(a)
    166,000       8,567  
Core Laboratories NV
    35,000       3,546  
Holly Corp. 
    166,400       4,812  
RPC, Inc.(a)
    55,555       781  
Tidewater, Inc.(a)
    69,100       3,826  
                 
              21,532  
                 
Financials (16.9%)
Bank of Hawaii Corp.(a)
    81,900       4,378  
City National Corp.(a)
    64,600       3,508  
Evercore Partners, Inc., Cl A(a)
    177,600       3,193  
GFI Group, Inc.(a)
    48,400       228  
Glacier Bancorp, Inc.(a)
    239,706       5,938  
Greenhill & Co., Inc.(a)
    22,500       1,659  
HCC Insurance Holdings, Inc. 
    490,450       13,242  
IPC Holdings Ltd.(a)
    106,100       3,205  
National City Corp. 
    239,300       419  
OneBeacon Insurance Group Ltd. 
    157,167       3,324  
Oppenheimer Holdings, Inc., Cl A
    14,900       370  
Ramco-Gershenson Properties Trust
    172,000       3,856  
Raymond James Financial, Inc.(a)
    562,811       18,561  
SWS Group, Inc.(a)
    155,598       3,137  
Washington Real Estate Investment Trust(a)
    169,000       6,190  
Wesco Financial Corp. 
    12,100       4,320  
Zions Bancorp(a)
    70,300       2,721  
                 
              78,249  
                 
Health Care (15.4%)
Brookdale Senior Living, Inc.(a)
    86,200       1,896  
Cooper Cos., Inc. (The)(a)
    609,896       21,200  
Ensign Group, Inc. 
    155,000       2,649  
Mentor Corp.(a)
    451,900       10,782  
STERIS Corp. 
    460,757       17,315  
Teleflex, Inc. 
    205,400       13,041  
Vital Signs, Inc. 
    59,794       4,419  
                 
              71,302  
                 
Industrials (16.2%)
Autoliv, Inc. 
    204,400       6,899  
Cubic Corp.(a)
    103,800       2,553  
Dynamic Materials Corp.(a)
    103,600       2,405  
EnergySolutions, Inc. 
    359,400       3,594  
Genesis Lease Ltd. ADR(a)
    211,580       1,849  
Grupo Aeroportuario del Centro Norte SAB de CV ADR(a)
    54,800       658  
Grupo Aeroportuario del Pacifico SA de CV ADR
    484,976       12,396  
Heartland Express, Inc.(a)
    274,700       4,263  
Herman Miller, Inc.(a)
    281,600       6,891  
Kaiser Aluminum Corp.(a)
    73,600       3,161  
KMG Chemicals, Inc.(a)
    47,900       334  
LSI Industries, Inc. 
    38,700       320  
Multi-Color Corp. 
    167,375       3,999  
Snap-on, Inc.(a)
    187,300       9,863  
Tomkins PLC ADR
    326,703       3,617  
UTI Worldwide, Inc. 
    266,700       4,539  
Wabtec Corp.(a)
    136,700       7,003  
 
See Notes to Financial Statements.


47


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Small Cap Value Equity Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Industrials—continued
                 
Watson Wyatt Worldwide, Inc., Cl A(a)
    13,400       666  
                 
              75,010  
                 
Information Technology (5.5%)
Black Box Corp. 
    73,000       2,521  
Cohu, Inc.(a)
    213,253       3,374  
Fair Isaac Corp.(a)
    611,560       14,102  
Keithley Instruments, Inc. 
    213,600       1,788  
Nam Tai Electronics, Inc. 
    461,196       3,768  
                 
              25,553  
                 
Materials (6.8%)
Aceto Corp. 
    238,100       2,283  
Bemis Co., Inc.(a)
    182,586       4,769  
Harry Winston Diamond Corp. 
    229,100       3,047  
Nalco Holding Co. 
    459,800       8,525  
Packaging Corp. of America(a)
    251,100       5,820  
Valspar Corp. (The)(a)
    316,544       7,056  
                 
              31,500  
                 
Telecommunication Services (2.4%)
Alaska Communications Systems Group, Inc.(a)
    341,000       4,171  
Meredith Corp.(a)
    252,100       7,071  
                 
              11,242  
                 
Utilities (0.7%)
ALLETE, Inc.(a)
    74,600       3,320  
                 
Total Common Stocks
            428,056  
                 
Short-Term Investment (40.8%)
Credit Suisse Enhanced Liquidity Fund(b)
    188,894,429       188,894  
                 
Total Short-Term Investment
            188,894  
                 
Money Market Fund (8.6%)
RidgeWorth Institutional Cash Management Money Market Fund(c)
    40,051,623       40,052  
                 
Total Money Market Fund
            40,052  
                 
Total Investments (Cost $690,485)(d) — 141.8%
            657,002  
Liabilities in excess of other assets — (41.8)%
            (193,680 )
                 
Net Assets — 100.0%
          $ 463,322  
                 
 
(a) This security or a partial position of the security was on loan as of September 30, 2008. The total value of securities on loan as of September 30, 2008, in thousands, was $189,939.
 
(b) This security was purchased with cash collateral held from securities lending.
 
(c) Affiliate investment.
 
(d) Represents cost for financial reporting purposes.
 
ADR — American Depositary Receipt
 
See Notes to Financial Statements.


48


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
U.S. Equity 130/30 Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Long Positions (129.2%)
Common Stocks (126.5%)
Aerospace/Defense (0.4%)
Rockwell Collins, Inc. 
    200       9  
Spirit AeroSystems Holdings, Inc., Cl A*
    500       8  
                 
              17  
                 
Commercial Services (2.6%)
Ambassadors Group, Inc. 
    1,100       18  
ENGlobal Corp.*
    3,200       43  
Fidelity National Information Services, Inc. 
    600       11  
IAC/InterActiveCorp*
    600       10  
Moody’s Corp. 
    600       20  
                 
              102  
                 
Consumer Discretionary (10.9%)
Aaron Rents, Inc. 
    400       11  
Abercrombie & Fitch Co., Cl A
    500       20  
Buckle, Inc., (The)
    400       22  
Bunge Ltd. 
    300       19  
Carnival Corp. 
    300       11  
Coach, Inc.*
    400       10  
Darling International, Inc.*
    800       9  
eBay, Inc.*
    1,200       27  
Gannett Co., Inc. 
    600       10  
Gap, Inc. (The)
    1,100       19  
Hasbro, Inc. 
    300       10  
J.C. Penney Co., Inc. 
    600       20  
Jos. A. Bank Clothiers, Inc.*
    500       17  
Kimberly-Clark Corp. 
    200       13  
Marvel Entertainment, Inc.*
    600       20  
Mattel, Inc. 
    1,000       18  
MeadWestvaco Corp. 
    800       19  
Monster Worldwide, Inc.*
    500       7  
Netflix, Inc.*
    400       12  
Rent-A-Center, Inc.*
    1,600       36  
Russ Berrie & Co, Inc.*
    4,300       33  
Textron, Inc. 
    300       9  
Time Warner, Inc. 
    4,500       59  
                 
              431  
                 
Consumer Staples (10.1%)
Altria Group, Inc. 
    4,300       85  
Archer-Daniels-Midland Co. 
    1,500       33  
CEC Entertainment, Inc.*
    300       10  
Kroger Co. (The)
    400       11  
Omega Protein Corp.*
    1,700       20  
Owens-Illinois, Inc.*
    700       21  
Pepsi Bottling Group, Inc. (The)
    1,300       38  
PepsiAmericas, Inc. 
    1,500       31  
PepsiCo, Inc. 
    100       7  
Philip Morris International, Inc. 
    400       19  
Procter & Gamble Co. (The)
    600       42  
RadioShack Corp. 
    600       10  
Wal-Mart Stores, Inc. 
    1,200       72  
                 
              399  
                 
Diversified Operations (0.3%)
Cooper Industries Ltd., Cl A
    300       12  
                 
Energy (11.7%)
Anadarko Petroleum Corp. 
    600       29  
Apache Corp. 
    100       11  
Chevron Corp. 
    300       25  
ConocoPhillips
    700       51  
Devon Energy Corp. 
    200       18  
ENSCO International, Inc. 
    300       17  
Exxon Mobil Corp. 
    2,200       171  
Hess Corp. 
    300       25  
Mariner Energy, Inc.*
    800       16  
Murphy Oil Corp. 
    200       13  
Noble Corp. 
    400       18  
Occidental Petroleum Corp. 
    600       42  
Plug Power, Inc.*
    10,100       10  
Transocean, Inc.*
    100       11  
XTO Energy, Inc. 
    200       9  
                 
              466  
                 
Financials (18.9%)
ACE Ltd. 
    1,300       71  
Bank of America Corp. 
    500       17  
Bank of Hawaii Corp. 
    200       11  
Bank of New York Mellon Corp. 
    1,200       39  
Charles Schwab Corp. (The)
    500       13  
Citigroup, Inc. 
    1,000       21  
Discover Financial Services
    800       11  
FirstMerit Corp. 
    600       13  
Goldman Sachs Group, Inc. (The)
    400       51  
Hudson City Bancorp, Inc. 
    3,700       68  
JPMorgan Chase & Co. 
    1,000       47  
MSCI, Inc., Cl A*
    700       17  
NYSE Euronext
    300       12  
Oriental Financial Group, Inc. 
    600       11  
PNC Financial Services Group, Inc. 
    100       7  
Regions Financial Corp. 
    1,100       11  
Republic Bancorp, Inc., Cl A
    400       12  
SEI Investments Co. 
    2,900       64  
State Street Corp. 
    400       23  
SVB Financial Group*
    200       12  
Torchmark Corp. 
    200       12  
Travelers Cos., Inc. (The)
    1,200       54  
U.S. Bancorp
    500       18  
 
See Notes to Financial Statements.


49


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
U.S. Equity 130/30 Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Financials—continued
                 
UMB Financial Corp. 
    400       21  
Unum Group
    800       20  
Wells Fargo & Co. 
    1,900       71  
XL Capital Ltd., Cl A
    1,300       23  
                 
              750  
                 
Health Care (19.6%)
Abbott Laboratories
    700       40  
Aetna, Inc. 
    600       22  
AMERIGROUP Corp.*
    400       10  
Amgen, Inc.*
    600       36  
Biogen Idec, Inc.*
    700       35  
Boston Scientific Corp.*
    1,000       12  
Bristol-Myers Squibb Co. 
    1,200       25  
Eli Lilly & Co. 
    700       31  
Genzyme Corp.*
    600       48  
Gilead Sciences, Inc.*
    1,100       50  
Health Net, Inc.*
    800       19  
Hospira, Inc.*
    500       19  
Humana, Inc.*
    600       25  
IMS Health, Inc. 
    1,000       19  
Johnson & Johnson
    500       35  
Laboratory Corp. of America Holdings*
    200       14  
Martek Biosciences Corp. 
    500       16  
Medtronic, Inc. 
    800       40  
Merck & Co., Inc. 
    700       22  
Pfizer, Inc. 
    3,000       55  
Schering-Plough Corp. 
    1,700       31  
Tenet Healthcare Corp.*
    1,900       11  
Thermo Fisher Scientific, Inc.*
    800       44  
UnitedHealth Group, Inc. 
    400       10  
Waters Corp.*
    600       35  
Watson Pharmaceuticals, Inc.*
    800       23  
WellPoint, Inc.*
    400       19  
Wyeth
    500       18  
Zimmer Holdings, Inc.*
    200       13  
                 
              777  
                 
Industrials (16.0%)
3M Co. 
    200       14  
Boeing Co. (The)
    400       23  
Ceradyne, Inc.*
    400       15  
Consolidated Graphics, Inc.*
    900       27  
Eaton Corp. 
    200       11  
Emerson Electric Co. 
    600       24  
Ennis, Inc. 
    3,100       48  
General Electric Co. 
    5,300       135  
ICF International, Inc.*
    3,000       59  
Illinois Tool Works, Inc. 
    400       18  
Ingersoll-Rand Co. Ltd., Cl A
    300       9  
Innospec, Inc. 
    1,600       19  
Manitowoc Co., Inc. (The)
    1,000       15  
Perini Corp.*
    2,000       52  
PPG Industries, Inc. 
    400       23  
R.R. Donnelley & Sons Co. 
    800       20  
Rockwell Automation, Inc. 
    500       19  
Spherion Corp.*
    11,000       53  
TriMas Corp.*
    3,000       20  
United Parcel Service, Inc., Cl B
    200       13  
United States Steel Corp. 
    100       8  
United Technologies Corp. 
    200       12  
                 
              637  
                 
Information Technology (14.2%)
Akamai Technologies, Inc.*
    500       9  
Altera Corp
    500       10  
Analog Devices, Inc
    400       11  
Apple, Inc.*
    100       11  
BMC Software, Inc.*
    600       17  
Cisco Systems, Inc.*
    2,700       61  
Computer Sciences Corp.*
    1,200       48  
Dell, Inc.*
    2,000       33  
EMC Corp.*
    700       8  
Hewlett-Packard Co
    100       5  
Intel Corp
    3,600       67  
International Business Machines Corp
    400       47  
Microsoft Corp
    3,700       99  
Motorola, Inc. 
    1,300       9  
Oracle Corp.*
    2,100       43  
Sun Microsystems, Inc.*
    1,300       10  
Symantec Corp.*
    1,200       23  
Synopsys, Inc.*
    1,000       20  
Teradyne, Inc.*
    2,000       16  
VeriSign, Inc.*
    600       16  
                 
              563  
                 
Insurance (0.6%)
AmTrust Financial Services, Inc. 
    1,000       13  
Validus Holdings Ltd. 
    500       12  
                 
              25  
                 
Machinery Diversified (0.8%)
Caterpillar, Inc. 
    200       12  
Dresser-Rand Group, Inc.*
    600       19  
                 
              31  
                 
Materials (3.8%)
AK Steel Holding Corp. 
    400       10  
Chemtura Corp. 
    9,000       41  
Freeport-McMoRan Copper & Gold, Inc. 
    500       28  
 
See Notes to Financial Statements.


50


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
U.S. Equity 130/30 Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Materials—continued
                 
H.B. Fuller Co. 
    400       8  
Minerals Technologies, Inc. 
    400       24  
Newmont Mining Corp. 
    200       8  
Patriot Coal Corp.*
    500       15  
Terra Industries, Inc. 
    600       18  
                 
              152  
                 
Media (0.5%)
Viacom, Inc., Cl B*
    800       20  
                 
Oil & Gas (3.8%)
Bronco Drilling Co, Inc.*
    2,900       30  
Endeavour International Corp.*
    27,700       37  
Energen Corp. 
    200       9  
EOG Resources, Inc. 
    100       9  
McMoRan Exploration Co.*
    1,200       28  
Union Drilling, Inc.*
    1,300       14  
W&T Offshore, Inc. 
    900       24  
                 
              151  
                 
Retail (2.6%)
Conn’s, Inc.*
    700       13  
Finish Line, Inc. (The), Cl A
    5,100       51  
Landry’s Restaurants, Inc. 
    2,500       39  
                 
              103  
                 
Semiconductors (0.5%)
National Semiconductor Corp. 
    1,100       19  
                 
Software (1.0%)
Magma Design Automation, Inc.*
    4,700       19  
Mentor Graphics Corp.*
    900       10  
Take-Two Interactive Software, Inc. 
    600       10  
                 
              39  
                 
Telecommunication Services (5.2%)
AT&T, Inc. 
    2,400       67  
Embarq Corp. 
    400       16  
Qwest Communications International, Inc. 
    2,400       8  
Sprint Nextel Corp. 
    1,300       8  
Verizon Communications, Inc. 
    3,300       106  
                 
              205  
                 
Utilities (3.0%)
AES Corp. (The)*
    1,800       21  
American Electric Power Co., Inc. 
    700       26  
Edison International
    1,000       40  
Questar Corp. 
    300       12  
WGL Holdings, Inc. 
    600       19  
                 
              118  
                 
Total Common Stocks
            5,017  
                 
Foreign Common Stocks (2.3%)
Financials (2.3%)
Bermuda (2.3%)
PartnerRe Ltd. 
    1,400       93  
                 
Total Foreign Common Stocks
            93  
                 
Short-Term Investment (0.4%)
Brown Brothers Harriman & Co., Cayman Islands Cash Sweep
    15,607       16  
                 
Total Short-Term Investment
            16  
                 
Total Investments — 129.2%
               
Total Long Positions
(Cost $5,797)(a)
            5,126  
                 
Other assets in excess of liabilities — 0.3%
            12  
Short Positions (see summary below) (29.5)%
            (1,172 )
                 
Net Assets — 100.0%
          $ 3,966  
                 
Short Positions ((29.5)%)
Common Stocks Sold Short ((29.5)%)
Aerospace/Defense ((0.3)%)
TransDigm Group, Inc.*
    (300 )     (10 )
                 
Commercial Services ((2.1)%)
Coinstar, Inc.*
    (1,600 )     (51 )
Healthcare Services Group, Inc. 
    (600 )     (11 )
Rentrak Corp.*
    (100 )     (2 )
Team, Inc.*
    (500 )     (18 )
                 
              (82 )
                 
Consumer Discretionary ((1.3)%)
Entercom Communications Corp., Cl A
    (1,300 )     (6 )
M.D.C. Holdings, Inc. 
    (600 )     (22 )
Neenah Paper, Inc. 
    (500 )     (10 )
Red Lion Hotels Corp.*
    (1,500 )     (12 )
                 
              (50 )
                 
Energy ((1.7)%)
Holly Corp. 
    (700 )     (20 )
NATCO Group, Inc., Cl A*
    (1,200 )     (48 )
                 
              (68 )
                 
Environmental Control ((0.7)%)
American Ecology Corp. 
    (1,000 )     (28 )
                 
Financials ((0.8)%)
NewBridge Bancorp
    (1,400 )     (7 )
OneBeacon Insurance Group Ltd. 
    (700 )     (15 )
Taylor Capital Group, Inc. 
    (1,000 )     (12 )
                 
              (34 )
                 
                 
 
See Notes to Financial Statements.


51


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
U.S. Equity 130/30 Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Health Care ((3.4)%)
Auxilium Pharmaceuticals, Inc.*
    (300 )     (10 )
Micrus Endovascular Corp.*
    (900 )     (13 )
NuVasive, Inc.*
    (400 )     (20 )
PDI, Inc.*
    (1,200 )     (9 )
Sunrise Senior Living, Inc.*
    (1,100 )     (15 )
Volcano Corp.*
    (3,200 )     (55 )
XenoPort, Inc.*
    (300 )     (15 )
                 
              (137 )
                 
Industrials ((4.1)%)
Casella Waste Systems, Inc., Cl A*
    (4,400 )     (52 )
FreightCar America, Inc. 
    (300 )     (9 )
Hub Group, Inc., Cl A*
    (300 )     (11 )
Louisiana-Pacific Corp. 
    (7,500 )     (69 )
Navistar International Corp.*
    (200 )     (11 )
The Shaw Group, Inc.*
    (400 )     (12 )
                 
              (164 )
                 
Information Technology ((2.3)%)
InfoSpace, Inc. 
    (2,500 )     (27 )
ManTech International Corp., Cl A*
    (300 )     (18 )
NCI, Inc., Cl A*
    (600 )     (17 )
SI International, Inc.*
    (400 )     (12 )
THQ, Inc.*
    (1,600 )     (19 )
                 
              (93 )
                 
Insurance ((2.6)%)
Fidelity National Financial, Inc., Cl A
    (800 )     (12 )
Old Republic International Corp. 
    (2,200 )     (28 )
State Auto Financial Corp. 
    (300 )     (9 )
Stewart Information Services Corp. 
    (1,800 )     (53 )
                 
              (102 )
                 
Materials ((1.5)%)
Huntsman Corp. 
    (100 )     (1 )
Intrepid Potash, Inc.*
    (400 )     (12 )
Landec Corp.*
    (4,100 )     (34 )
Penford Corp. 
    (700 )     (12 )
                 
              (59 )
                 
Media ((0.3)%)
Global Traffic Network, Inc.*
    (1,300 )     (12 )
                 
Oil & Gas ((1.4)%)
Dril-Quip, Inc.*
    (600 )     (26 )
Harvest Natural Resources, Inc.*
    (3,100 )     (31 )
                 
              (57 )
                 
Pipelines ((1.0)%)
Boardwalk Pipeline Partners, LP
    (1,000 )     (21 )
Copano Energy LLC
    (700 )     (17 )
NuStar GP Holdings LLC
    (100 )     (2 )
                 
              (40 )
                 
Retail ((1.1)%)
Carrols Restaurant Group, Inc.*
    (2,045 )     (6 )
Rush Enterprises, Inc., Cl A*
    (2,100 )     (27 )
Sonic Automotive, Inc., Cl A
    (1,000 )     (9 )
                 
              (42 )
                 
Semiconductors ((0.7)%)
Eagle Test Systems, Inc.*
    (700 )     (11 )
Rambus, Inc.*
    (1,300 )     (16 )
                 
              (27 )
                 
Software ((1.3)%)
Concur Technologies, Inc.*
    (300 )     (12 )
CyberSource Corp.*
    (1,500 )     (24 )
OPNET Technologies, Inc.*
    (1,300 )     (16 )
                 
              (52 )
                 
Telecommunications ((0.7)%)
IPG Photonics Corp.*
    (1,400 )     (27 )
                 
Transportation ((1.2)%)
DHT Maritime, Inc. 
    (2,300 )     (16 )
Dynamex, Inc.*
    (400 )     (11 )
PHI, Inc.*
    (600 )     (22 )
                 
              (49 )
                 
Utilities ((1.0)%)
ITC Holdings Corp. 
    (400 )     (21 )
Otter Tail Corp. 
    (300 )     (9 )
PNM Resources, Inc. 
    (900 )     (9 )
                 
              (39 )
                 
Total Common Stocks Sold Short
            (1,172 )
                 
Total Investment Securities Sold Short (Proceeds $1,264)
            (1,172 )
                 
 
 
* Non-income producing security.
 
(a) Represents cost for financial reporting purposes.
 
See Notes to Financial Statements.


52


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Life Vision Aggressive Growth Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Equity Funds (97.0%)(a)
RidgeWorth Aggressive Growth Stock Fund
    65,268       740  
RidgeWorth International Equity Index Fund
    152,880       2,131  
RidgeWorth Large Cap Core Equity Fund
    399,699       5,084  
RidgeWorth Large Cap Growth Stock Fund
    346,791       3,041  
RidgeWorth Large Cap Quantitative Equity Fund
    283,185       2,931  
RidgeWorth Large Cap Value Equity Fund
    494,948       5,548  
RidgeWorth Mid-Cap Core Equity Fund
    109,825       1,106  
RidgeWorth Mid-Cap Value Equity Fund
    82,767       748  
RidgeWorth Select Large Cap Growth Stock Fund
    112,088       2,852  
RidgeWorth Small Cap Growth Stock Fund
    89,884       1,181  
RidgeWorth Small Cap Value Equity Fund
    86,647       970  
                 
Total Equity Funds
            26,332  
                 
Exchange Traded Fund (1.0%)
iShares MSCI Emerging Markets Index Fund
    7,525       260  
                 
Total Exchange Traded Fund
            260  
                 
Money Market Fund (2.3%)(a)
RidgeWorth Prime Quality Money Market Fund
    623,918       624  
                 
Total Money Market Fund
            624  
                 
Total Investments
(Cost $27,930) (b) — 100.3%
            27,216  
Liabilities in excess of other assets — (0.3)%
            (83 )
                 
Net Assets — 100.0%
          $ 27,133  
                 
 
(a) Affiliate investment. Investment is in I Shares.
 
(b) Represents cost for financial reporting purposes.
 
See Notes to Financial Statements.


53


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Life Vision Conservative Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Equity Funds (21.2%)(a)
RidgeWorth Aggressive Growth Stock Fund
    6,012       68  
RidgeWorth International Equity Index Fund
    13,378       186  
RidgeWorth Large Cap Core Equity Fund
    32,902       419  
RidgeWorth Large Cap Growth Stock Fund
    28,488       250  
RidgeWorth Large Cap Quantitative Equity Fund
    23,741       246  
RidgeWorth Large Cap Value Equity Fund
    41,204       462  
RidgeWorth Mid-Cap Core Equity Fund
    9,430       95  
RidgeWorth Mid-Cap Value Equity Fund
    4,640       42  
RidgeWorth Select Large Cap Growth Stock Fund
    9,146       233  
RidgeWorth Small Cap Growth Stock Fund
    5,874       77  
RidgeWorth Small Cap Value Equity Fund
    8,751       98  
                 
Total Equity Funds
            2,176  
                 
Fixed Income Funds (76.0%)(a)
RidgeWorth Seix Floating Rate High Income Fund
    46,301       401  
RidgeWorth Seix High Yield Fund
    21,801       196  
RidgeWorth Total Return Bond Fund
    671,899       6,585  
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund
    61,805       616  
                 
Total Fixed Income Funds
            7,798  
                 
Exchange Traded Fund (0.2%)
iShares MSCI Emerging Markets Index Fund
    642       22  
                 
Total Exchange Traded Fund
            22  
                 
Money Market Fund (2.3%)(a)
RidgeWorth Prime Quality Money Market Fund
    232,178       232  
                 
Total Money Market Fund
            232  
                 
Total Investments
(Cost $10,488)(b) — 99.7%
            10,228  
Other assets in excess of liabilities — 0.3%
            28  
                 
Net Assets — 100.0%
          $ 10,256  
                 
 
(a) Affiliate investment. Investment is in I Shares.
 
(b) Represents cost for financial reporting purposes.
 
See Notes to Financial Statements.


54


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Life Vision Growth and Income Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Equity Funds (68.3%)(a)
RidgeWorth Aggressive Growth Stock Fund
    124,670       1,413  
RidgeWorth International Equity Index Fund
    300,869       4,194  
RidgeWorth Large Cap Core Equity Fund
    748,245       9,519  
RidgeWorth Large Cap Growth Stock Fund
    667,199       5,851  
RidgeWorth Large Cap Quantitative Equity Fund
    538,420       5,573  
RidgeWorth Large Cap Value Equity Fund
    929,884       10,425  
RidgeWorth Mid-Cap Core Equity Fund
    209,497       2,110  
RidgeWorth Mid-Cap Value Equity Fund
    157,615       1,425  
RidgeWorth Select Large Cap Growth Stock Fund
    216,486       5,507  
RidgeWorth Small Cap Growth Stock Fund
    183,825       2,415  
RidgeWorth Small Cap Value Equity Fund
    161,115       1,803  
                 
Total Equity Funds
            50,235  
                 
Fixed Income Funds (29.4%)(a)
RidgeWorth Seix Floating Rate High Income Fund
    132,674       1,150  
RidgeWorth Seix High Yield Fund
    62,970       565  
RidgeWorth Total Return Bond Fund
    1,858,905       18,217  
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund
    174,267       1,737  
                 
Total Fixed Income Funds
            21,669  
                 
Exchange Traded Fund (0.7%)
iShares MSCI Emerging Markets Index Fund
    14,345       495  
                 
Total Exchange Traded Fund
            495  
                 
Money Market Fund (1.9%)(a)
RidgeWorth Prime Quality Money Market Fund
    1,432,233       1,432  
                 
Total Money Market Fund
            1,432  
                 
Total Investments
(Cost $75,350)(b) — 100.3%
            73,831  
Liabilities in excess of other assets — (0.3)%
            (194 )
                 
Net Assets — 100.0%
          $ 73,637  
                 
 
(a) Affiliate investment. Investment is in I Shares.
 
(b) Represents cost for financial reporting purposes.
 
See Notes to Financial Statements.


55


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Life Vision Moderate Growth Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Equity Funds (48.9%)(a)
RidgeWorth Aggressive Growth Stock Fund
    184,932       2,095  
RidgeWorth International Equity Index Fund
    436,065       6,079  
RidgeWorth Large Cap Core Equity Fund
    1,103,469       14,036  
RidgeWorth Large Cap Growth Stock Fund
    1,007,849       8,839  
RidgeWorth Large Cap Quantitative Equity Fund
    784,847       8,123  
RidgeWorth Large Cap Value Equity Fund
    1,370,707       15,367  
RidgeWorth Mid-Cap Core Equity Fund
    305,972       3,081  
RidgeWorth Mid-Cap Value Equity Fund
    232,005       2,097  
RidgeWorth Select Large Cap Growth Stock Fund
    326,555       8,307  
RidgeWorth Small Cap Growth Stock Fund
    291,036       3,824  
RidgeWorth Small Cap Value Equity Fund
    235,272       2,633  
                 
Total Equity Funds
            74,481  
                 
Fixed Income Funds (48.4%)(a)
RidgeWorth Seix Floating Rate High Income Fund
    443,005       3,841  
RidgeWorth Seix High Yield Fund
    189,306       1,700  
RidgeWorth Total Return Bond Fund
    6,399,518       62,715  
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund
    545,194       5,435  
                 
Total Fixed Income Funds
            73,691  
                 
Exchange Traded Fund (0.5%)
iShares MSCI Emerging Markets Index Fund
    21,996       760  
                 
Total Exchange Traded Fund
            760  
                 
Money Market Fund (2.4%)(a)
RidgeWorth Prime Quality Money Market Fund
    3,595,667       3,596  
                 
Total Money Market Fund
            3,596  
                 
Total Investments
(Cost $156,908)(b) — 100.2%
            152,528  
Liabilities in excess of other assets — (0.2)%
            (321 )
                 
Net Assets — 100.0%
          $ 152,207  
                 
 
(a) Affiliate investment. Investment is in I Shares.
 
(b) Represents cost for financial reporting purposes.
 
See Notes to Financial Statements.


56


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Life Vision Target Date 2015 Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Equity Funds (113.8%)(a)
RidgeWorth Aggressive Growth Stock Fund
    9,078       103  
RidgeWorth International Equity Index Fund
    21,298       297  
RidgeWorth Large Cap Core Equity Fund
    51,459       655  
RidgeWorth Large Cap Growth Stock Fund
    45,294       397  
RidgeWorth Large Cap Quantitative Equity Fund
    38,007       393  
RidgeWorth Large Cap Value Equity Fund
    67,933       762  
RidgeWorth Mid-Cap Core Equity Fund
    15,075       152  
RidgeWorth Mid-Cap Value Equity Fund
    7,912       71  
RidgeWorth Select Large Cap Growth Stock Fund
    14,672       373  
RidgeWorth Small Cap Growth Stock Fund
    9,614       126  
RidgeWorth Small Cap Value Equity Fund
    11,422       128  
                 
Total Equity Funds
            3,457  
                 
Fixed Income Funds (75.3%)(a)
RidgeWorth Seix Floating Rate High Income Fund
    13,836       120  
RidgeWorth Seix High Yield Fund
    6,582       59  
RidgeWorth Total Return Bond Fund
    194,850       1,910  
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund
    19,716       197  
                 
Total Fixed Income Funds
            2,286  
                 
Exchange Traded Fund (1.2%)
iShares MSCI Emerging Markets Index Fund
    1,024       35  
                 
Total Exchange Traded Fund
            35  
                 
Money Market Fund (4.2%)(a)
RidgeWorth Prime Quality Money Market Fund
    129,112       129  
                 
Total Money Market Fund
            129  
                 
Total Investments
(Cost $6,411)(b) — 194.5%
            5,907  
Liabilities in excess of other assets — (94.5)%
            (2,870 )
                 
Net Assets — 100.0%
          $ 3,037  
                 
 
(a) Affiliate investment. Investment is in I Shares.
 
(b) Represents cost for financial reporting purposes.
 
See Notes to Financial Statements.


57


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Life Vision Target Date 2025 Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Equity Funds (129.8%)(a)
RidgeWorth Aggressive Growth Stock Fund
    14,708       166  
RidgeWorth International Equity Index Fund
    33,848       472  
RidgeWorth Large Cap Core Equity Fund
    83,375       1,061  
RidgeWorth Large Cap Growth Stock Fund
    73,314       643  
RidgeWorth Large Cap Quantitative Equity Fund
    61,648       639  
RidgeWorth Large Cap Value Equity Fund
    109,098       1,224  
RidgeWorth Mid-Cap Core Equity Fund
    24,503       247  
RidgeWorth Mid-Cap Value Equity Fund
    18,248       165  
RidgeWorth Select Large Cap Growth Stock Fund
    23,534       599  
RidgeWorth Small Cap Growth Stock Fund
    16,150       212  
RidgeWorth Small Cap Value Equity Fund
    19,247       215  
                 
Total Equity Funds
            5,643  
                 
Fixed Income Funds (36.9%)(a)
RidgeWorth Seix Floating Rate High Income Fund
    9,885       85  
RidgeWorth Seix High Yield Fund
    4,677       42  
RidgeWorth Total Return Bond Fund
    134,714       1,319  
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund
    15,854       158  
                 
Total Fixed Income Funds
            1,604  
                 
Exchange Traded Fund (1.3%)
iShares MSCI Emerging Markets Index Fund
    1,677       58  
                 
Total Exchange Traded Fund
            58  
                 
Money Market Fund (4.7%)(a)
RidgeWorth Prime Quality Money Market Fund
    202,786       203  
                 
Total Money Market Fund
            203  
                 
Total Investments
(Cost $8,426)(b) — 172.7%
            7,508  
Liabilities in excess of other assets — (72.7)%
            (3,161 )
                 
Net Assets — 100.0%
          $ 4,347  
                 
 
(a) Affiliate investment. Investment is in I Shares.
 
(b) Represents cost for financial reporting purposes.
 
See Notes to Financial Statements.


58


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Life Vision Target Date 2035 Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Equity Funds (154.9%)(a)
RidgeWorth Aggressive Growth Stock Fund
    10,658       121  
RidgeWorth International Equity Index Fund
    25,107       350  
RidgeWorth Large Cap Core Equity Fund
    60,061       763  
RidgeWorth Large Cap Growth Stock Fund
    53,232       467  
RidgeWorth Large Cap Quantitative Equity Fund
    44,588       462  
RidgeWorth Large Cap Value Equity Fund
    79,270       889  
RidgeWorth Mid-Cap Core Equity Fund
    17,750       179  
RidgeWorth Mid-Cap Value Equity Fund
    13,272       120  
RidgeWorth Select Large Cap Growth Stock Fund
    17,072       434  
RidgeWorth Small Cap Growth Stock Fund
    11,671       153  
RidgeWorth Small Cap Value Equity Fund
    13,941       156  
                 
Total Equity Funds
            4,094  
                 
Fixed Income Funds (19.6%)(a)
RidgeWorth Seix Floating Rate High Income Fund
    4,556       39  
RidgeWorth Seix High Yield Fund
    1,553       14  
RidgeWorth Total Return Bond Fund
    42,097       413  
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund
    5,176       52  
                 
Total Fixed Income Funds
            518  
                 
Exchange Traded Fund (1.6%)
iShares MSCI Emerging Markets Index Fund
    1,199       41  
                 
Total Exchange Traded Fund
            41  
                 
Money Market Fund (4.9%)(a)
RidgeWorth Prime Quality Money Market Fund
    130,044       130  
                 
Total Money Market Fund
            130  
                 
Total Investments
(Cost $5,443)(b) — 181.0%
            4,783  
Liabilities in excess of other assets — (81.0)%
            (2,140 )
                 
Net Assets — 100.0%
          $ 2,643  
                 
 
(a) Affiliate investment. Investments is in I Shares.
 
(b) Represents cost for financial reporting purposes.
 
See Notes to Financial Statements.


59


 

 
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands except per share amounts)
(Unaudited)
 
                                                 
    Aggressive
  Emerging
  International
      International
  Large Cap
    Growth
  Growth
  Equity
  International
  Equity
  Core
    Stock Fund   Stock Fund   130/30 Fund   Equity Fund   Index Fund   Equity Fund
 
Assets:
                                               
Total Investments, at Cost
  $ 294,289     $ 149,729     $ 149,654     $ 973,696     $ 686,989     $ 1,214,044  
                                                 
Investments, at Value*
  $ 307,852     $ 137,054     $ 118,471     $ 833,980     $ 771,938     $ 1,264,726  
Investments in Affiliates, at Value
    1,811       5,185                          
                                                 
Total Investments
    309,663       142,239       118,471       833,980       771,938       1,264,726  
                                                 
Foreign Currency, at Value (Cost $—, $—, $499, $1,379, $1,293 and $—, respectively)
                495       1,363       1,297        
Interest and Dividends Receivable
    23       23       326       3,018       2,201       1,060  
Receivable for Capital Shares Issued
    195       169       190       922       1,361       618  
Receivable for Investment Securities Sold
    789       475       1,602       41,103       10,469       20,383  
Unrealized Appreciation on Forward Foreign Currency Exchange Contracts
                            8        
Reclaims Receivable
                43       461       257        
Receivable from Adviser
                3                   3  
Prepaid Expenses
    16       17       32       13       17       16  
                                                 
Total Assets
    310,686       142,923       121,162       880,860       787,548       1,286,806  
                                                 
Liabilities:
                                               
Payable for Fund Overdraft
                            9,841       3,213  
Payable for Investment Securities Purchased
    979       49       5,382       39,094             1,781  
Payable for Investment Securities Sold Short, at Value (Proceeds $—, $—, $28,636, $—, $— and $—, respectively)
                25,079                    
Dividends Payable for Securities Sold Short
                65                    
Payable for Capital Shares Redeemed
    417       78       151       947       2,234       3,754  
Unrealized Depreciation on Forward Foreign Currency Exchange Contracts
                      7              
Payable Upon Return of Securities Loaned
    43,314       20,298             71,043       81,379       233,260  
Investment Advisory Fees Payable
    264       118       101       774       309       752  
Administration, Fund Accounting and Transfer Agency Fees Payable
    4       1       15       57       19       15  
Compliance Services Fees Payable
                      1       1       5  
Distribution and Service Fees Payable
    2                   6       5       38  
Custodian Fees Payable
    8       4       86       362       320       118  
Trustee Fees Payable
    3       1       1       4       11       4  
Accrued Expenses
    30       17       7       32       126       91  
                                                 
Total Liabilities
    45,021       20,566       30,887       112,327       94,245       243,031  
                                                 
Net Assets
  $ 265,665     $ 122,357     $ 90,275     $ 768,533     $ 693,303     $ 1,043,775  
                                                 
Net Assets Consist of:
                                               
Capital
  $ 255,698     $ 132,216     $ 131,602     $ 890,929     $ 626,834     $ 1,086,193  
Accumulated Net Investment Income (Loss)
    (1,241 )     (477 )     391       16,971       23,182       198  
Accumulated Net Realized Gain (Loss) from Investment and Foreign Currency Transactions
    (4,166 )     (1,892 )     (14,127 )     422       (41,629 )     (93,298 )
Net Unrealized Appreciation/Depreciation on Investments and Foreign Currencies
    15,374       (7,490 )     (27,591 )     (139,789 )     84,916       50,682  
                                                 
Net Assets
  $ 265,665     $ 122,357     $ 90,275     $ 768,533     $ 693,303     $ 1,043,775  
                                                 
Net Assets:
                                               
I Shares
  $ 262,861     $ 121,834     $ 90,259     $ 756,651     $ 684,581     $ 979,271  
A Shares
    668       459       14       7,509       4,291       28,313  
C Shares
    2,136       64       2       4,373       4,431       36,191  
Shares Outstanding (unlimited number of shares authorized, no par value):
                                               
I Shares
    23,205       11,678       14,955       71,935       49,107       76,969  
A Shares
    59       45       2       724       311       2,202  
C Shares
    198       7       1       452       331       2,888  
Net Asset Value and Redemption Price Per Share:(a)
                                               
I Shares
  $ 11.33     $ 10.43     $ 6.04     $ 10.52     $ 13.94     $ 12.72  
A Shares
    11.17       10.26       6.04       10.38       13.80       12.86  
C Shares(b)
    10.82       9.95       6.04       9.68       13.37       12.53  
Offering Price per Share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent):
                                               
I Shares
  $ 11.33     $ 10.43     $ 6.04     $ 10.52     $ 13.94     $ 12.72  
A Shares
    11.85       10.89       6.41       11.01       14.64       13.64  
C Shares
    10.82       9.95       6.04       9.68       13.37       12.53  
Maximum Sales Charge — A Shares
    5.75 %     5.75 %     5.75 %     5.75 %     5.75 %     5.75 %
 
Investments include securities on loan of $45,083, $20,696, $—, $69,004, $76,664, and $244,796, respectively.
(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.


60


 

STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands except per share amounts)
(Unaudited)
 
                                                 
    Large Cap
  Large Cap
  Large Cap
  Mid-Cap
  Mid-Cap
   
    Growth
  Quantitative
  Value
  Core
  Value
  Real Estate
    Stock Fund   Equity Fund   Equity Fund   Equity Fund   Equity Fund   130/30 Fund
 
Assets:
                                               
Total Investments, at Cost
  $ 606,844     $ 91,837     $ 1,453,483     $ 189,466     $ 401,141     $ 6,507  
                                                 
Investments, at Value*
  $ 598,934     $ 87,034     $ 1,314,789     $ 189,936     $ 355,665     $ 6,490  
Investments in Affiliates, at Value
    23,299             79,247       1,249       19,300        
                                                 
Total Investments
    622,233       87,034       1,394,036       191,185       374,965       6,490  
                                                 
Cash
          658                          
Interest and Dividends Receivable
    442       175       2,069       391       689       22  
Receivable for Capital Shares Issued
    520       19       452       173       208        
Receivable for Investment Securities Sold
    4,805             19,996       1,956       22,251       369  
Receivable from Adviser
    12                               7  
Prepaid Expenses
    18       15       18       7       14       32  
                                                 
Total Assets
    628,030       87,901       1,416,571       193,712       398,127       6,920  
                                                 
Liabilities:
                                               
Payable for Fund Overdraft
                                  45  
Payable for Investment Securities Purchased
    9,225             35,529       427       26,022       370  
Payable for Investment Securities Sold Short, at Value (Proceeds $—, $—, $—, $—, $— and $1,610, respectively)
                                  1,454  
Dividends Payable for Securities Sold Short
                                  3  
Payable for Capital Shares Redeemed
    1,688       649       2,521       696       562        
Payable Upon Return of Securities Loaned
    84,429             190,906       49,924       84,069        
Investment Advisory Fees Payable
    451       67       794       129       240       6  
Administration, Fund Accounting and Transfer Agency Fees Payable
    23       3       18       4       6       1  
Compliance Services Fees Payable
    1                                
Distribution and Service Fees Payable
    33       1       32       7       4        
Custodian Fees Payable
    15       25       18       7       11       2  
Trustee Fees Payable
    7       1       9       3       2        
Accrued Expenses
    94       7       112       34       29       1  
                                                 
Total Liabilities
    95,966       753       229,939       51,231       110,945       1,882  
                                                 
Net Assets
  $ 532,064     $ 87,148     $ 1,186,632     $ 142,481     $ 287,182     $ 5,038  
                                                 
Net Assets Consist of:
                                               
Capital
  $ 526,901     $ 107,794     $ 1,362,352     $ 136,138     $ 351,710     $ 5,128  
Accumulated Net Investment Income (Loss)
    (101 )     5       398       272       514       15  
Accumulated Net Realized Gain (Loss) from Investment Transactions
    (10,125 )     (15,848 )     (116,671 )     4,352       (38,866 )     (244 )
Net Unrealized Appreciation/Depreciation on Investments
    15,389       (4,803 )     (59,447 )     1,719       (26,176 )     139  
                                                 
Net Assets
  $ 532,064     $ 87,148     $ 1,186,632     $ 142,481     $ 287,182     $ 5,038  
                                                 
Net Assets:
                                               
I Shares
  $ 457,737     $ 86,024     $ 1,123,136     $ 130,177     $ 279,347     $ 5,033  
A Shares
    53,010       491       39,334       6,788       4,663       N/A  
C Shares
    21,317       633       24,162       5,516       3,172       5  
Shares Outstanding (unlimited number of shares authorized, no par value):
                                               
I Shares
    52,182       8,308       100,192       12,924       30,897       512  
A Shares
    6,490       48       3,521       709       517       N/A  
C Shares
    2,900       64       2,190       640       355       1  
Net Asset Value and Redemption Price Per Share:(a)
                                               
I Shares
  $ 8.77     $ 10.35     $ 11.21     $ 10.07     $ 9.04     $ 9.83  
A Shares
    8.17       10.26       11.17       9.57       9.00       N/A  
C Shares(b)
    7.35       9.91       11.04       8.62       8.95       9.83  
Offering Price per Share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent):
                                               
I Shares
  $ 8.77     $ 10.35     $ 11.21     $ 10.07     $ 9.04     $ 9.83  
A Shares
    8.67       10.89       11.85       10.15       9.55       N/A  
C Shares
    7.35       9.91       11.04       8.62       8.95       9.83  
Maximum Sales Charge — A Shares
    5.75 %     5.75 %     5.75 %     5.75 %     5.75 %     5.75 %
 
Investments include securities on loan of $86,338, $—, $193,662, $50,992, $87,377 and $—, respectively.
(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.


61


 

STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands except per share amounts)
(Unaudited)
 
                                                 
    Select
              Life Vision
   
    Large Cap
  Small Cap
  Small Cap
  U.S. Equity
  Aggressive
  Life Vision
    Growth
  Growth
  Value
  130/30
  Growth
  Conservative
    Stock Fund   Stock Fund   Equity Fund   Fund   Fund   Fund
 
Assets:
                                               
Total Investments, at Cost
  $ 125,188     $ 700,358     $ 690,485     $ 5,797     $ 27,930     $ 10,488  
                                                 
Investments, at Value*
  $ 117,878     $ 682,616     $ 616,950     $ 5,126     $ 260     $ 22  
Investments in Affiliates, at Value
    8,770       13,323       40,052             26,956       10,206  
                                                 
Total Investments
    126,648       695,939       657,002       5,126       27,216       10,228  
                                                 
Interest and Dividends Receivable
    68       401       1,044       6       3       31  
Receivable for Capital Shares Issued
    83       1,015       192             6       5  
Receivable for Investment Securities Sold
          11,892       8,198       287              
Receivable from Adviser
                      7             1  
Prepaid Expenses
    7       10       18       33       6       5  
                                                 
Total Assets
    126,806       709,257       666,454       5,459       27,231       10,270  
                                                 
Liabilities:
                                               
Payable for Investment Securities Purchased
          5,154       12,142       310              
Payable for Investment Securities Sold Short, at Value (Proceeds $—, $—, $—, $1,264, $— and $—, respectively)
                      1,172              
Payable for Capital Shares Redeemed
    697       3,032       1,544             75       4  
Payable Upon Return of Securities Loaned
    14,055       214,964       188,894                    
Investment Advisory Fees Payable
    81       484       453       2       2       1  
Administration, Fund Accounting and Transfer Agency Fees Payable
    3       21       17       2       2        
Compliance Services Fees Payable
                                   
Distribution and Service Fees Payable
    19       14       18             4       3  
Custodian Fees Payable
    7       60       10       3       3       1  
Trustee Fees Payable
    2       1       3             1        
Accrued Expenses
    18       56       51       4       11       5  
                                                 
Total Liabilities
    14,882       223,786       203,132       1,493       98       14  
                                                 
Net Assets
  $ 111,924     $ 485,471     $ 463,322     $ 3,966     $ 27,133     $ 10,256  
                                                 
Net Assets Consist of:
                                               
Capital
  $ 283,829     $ 491,548     $ 491,014     $ 5,016     $ 24,035     $ 10,666  
Accumulated Net Investment Income (Loss)
    (25 )     (967 )     448             (1 )     8  
Accumulated Net Realized Gain (Loss) from Investment Transactions
    (173,340 )     (691 )     5,343       (471 )     3,813       (158 )
Net Unrealized Appreciation/Depreciation on Investments
    1,460       (4,419 )     (33,483 )     (579 )     (714 )     (260 )
                                                 
Net Assets
  $ 111,924     $ 485,471     $ 463,322     $ 3,966     $ 27,133     $ 10,256  
                                                 
Net Assets:
                                               
I Shares
  $ 89,857     $ 459,241     $ 439,857     $ 3,966     $ 19,459     $ 4,837  
A Shares
    621       14,133       4,239       N/A       2,641       562  
B Shares
    N/A       N/A       N/A       N/A       3,546       3,959  
C Shares
    21,446       12,097       19,226       N/A       1,487       898  
Shares Outstanding (unlimited number of shares authorized, no par value):
                                               
I Shares
    3,532       34,962       39,322       502       2,106       461  
A Shares
    25       1,132       384       N/A       286       54  
B Shares
    N/A       N/A       N/A       N/A       390       378  
C Shares
    923       1,101       1,804       N/A       162       86  
Net Asset Value and Redemption Price Per Share:(a)
                                               
I Shares
  $ 25.44     $ 13.14     $ 11.19     $ 7.90     $ 9.24     $ 10.49  
A Shares
    25.19       12.48       11.05       N/A       9.21       10.50  
B Shares(b)
    N/A       N/A       N/A       N/A       9.08       10.49  
C Shares(b)
    23.24       10.99       10.66       N/A       9.17       10.47  
Offering Price per Share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent):
                                               
I Shares
  $ 25.44     $ 13.14     $ 11.19     $ 7.90     $ 9.24     $ 10.49  
A Shares
    26.73       13.24       11.72       N/A       9.77       11.02  
B Shares
    N/A       N/A       N/A       N/A       9.08       10.49  
C Shares
    23.24       10.99       10.66       N/A       9.17       10.47  
Maximum Sales Charge — A Shares
    5.75 %     5.75 %     5.75 %     5.75 %     5.75 %     4.75 %
 
Investments include securities on loan of $14,546, $214,567, $189,939, $—, $— and $—, respectively.
(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.


62


 

STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands except per share amounts)
(Unaudited)
 
                                         
    Life Vision
  Life Vision
  Life Vision
  Life Vision
  Life Vision
    Growth and
  Moderate
  Target Date
  Target Date
  Target Date
    Income Fund   Growth Fund   2015 Fund   2025 Fund   2035 Fund
 
Assets:
                                       
Total Investments, at Cost
  $ 75,350     $ 156,908     $ 6,411     $ 8,426     $ 5,443  
                                         
Investments, at Value
  $ 495     $ 760     $ 35     $ 58     $ 41  
Investments in Affiliates, at Value
    73,336       151,768       5,872       7,450       4,742  
                                         
Total Investments
    73,831       152,528       5,907       7,508       4,783  
                                         
Dividends Receivable
    92       299       9       7       2  
Receivable for Capital Shares Issued
    12       32       101       5       6  
Receivable from Adviser
                1       1       1  
Prepaid Expenses
    9       13       5       5       5  
                                         
Total Assets
    73,944       152,872       6,023       7,526       4,797  
                                         
Liabilities:
                                       
Payable for Capital Shares Redeemed
    268       593       2,978       3,174       2,150  
Investment Advisory Fees Payable
    6       13       1       1        
Administration, Fund Accounting and Transfer Agency Fees Payable
    4       4             1        
Compliance Services Fees Payable
                             
Distribution and Service Fees Payable
    12       23                    
Custodian Fees Payable
    7       11       3       1        
Trustee Fees Payable
          1                    
Accrued Expenses
    10       20       4       2       4  
                                         
Total Liabilities
    307       665       2,986       3,179       2,154  
                                         
Net Assets
  $ 73,637     $ 152,207     $ 3,037     $ 4,347     $ 2,643  
                                         
Net Assets Consist of:
                                       
Capital
  $ 67,858     $ 153,146     $ 3,873     $ 5,608     $ 3,452  
Accumulated Net Investment Income (Loss)
    17       69       2       2       1  
Accumulated Net Realized Gain (Loss) from Investment Transactions
    7,281       3,372       (334 )     (345 )     (150 )
Net Unrealized Appreciation/Depreciation on Investments
    (1,519 )     (4,380 )     (504 )     (918 )     (660 )
                                         
Net Assets
  $ 73,637     $ 152,207     $ 3,037     $ 4,347     $ 2,643  
                                         
Net Assets:
                                       
I Shares
  $ 53,463     $ 118,483     $ 2,998     $ 4,318     $ 2,628  
A Shares
    4,041       7,856       39       29       15  
B Shares
    11,745       8,610       N/A       N/A       N/A  
C Shares
    4,388       17,258       N/A       N/A       N/A  
Shares Outstanding (unlimited number of shares authorized, no par value):
                                       
I Shares
    5,179       12,321       308       440       275  
A Shares
    393       818       4       3       2  
B Shares
    1,141       899       N/A       N/A       N/A  
C Shares
    429       1,802       N/A       N/A       N/A  
Net Asset Value and Redemption Price Per Share:(a)
                                       
I Shares
  $ 10.32     $ 9.62     $ 9.74     $ 9.81     $ 9.56  
A Shares
    10.30       9.61       9.72       9.81       9.55  
B Shares(b)
    10.29       9.57       N/A       N/A       N/A  
C Shares(b)
    10.24       9.58       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
  $ 10.32     $ 9.62     $ 9.74     $ 9.81     $ 9.56  
A Shares
    10.93       10.20       10.31       10.41       10.13  
B Shares
    10.29       9.57       N/A       N/A       N/A  
C Shares
    10.24       9.58       N/A       N/A       N/A  
Maximum Sales Charge — A Shares
    5.75 %     5.75 %     5.75 %     5.75 %     5.75 %
 
(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.


63


 

STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS  For the Six Months Ended September 30, 2008  (Amounts in thousands)
(Unaudited)
 
                                                 
    Aggressive
  Emerging
  International
      International
  Large Cap
    Growth
  Growth
  Equity
  International
  Equity
  Core
    Stock Fund   Stock Fund   130/30 Fund   Equity Fund   Index Fund   Equity Fund
 
Investment Income:
                                               
Dividend Income
  $ 405     $ 126     $ 2,127     $ 24,251     $ 25,543     $ 11,063  
Dividend Income from Affiliated Investment Companies
    35       36                         165  
Interest Income
                5       90       26        
Net Income from Securities Lending
    200       124             1,379       1,652       578  
Less: Foreign Taxes Withheld
                (170 )     (2,554 )     (2,927 )      
                                                 
Total Investment Income
    640       286       1,962       23,166       24,294       11,806  
                                                 
Expenses:
                                               
Investment Advisory Fees
    1,770       713       552       5,558       2,234       4,995  
Administration, Fund Accounting and Transfer Agency Fees
    44       17       34       163       173       180  
Compliance Services Fees
    4       2       1       16       12       17  
Distribution and Service Fees — A Shares
    1       1             16       9       42  
Distribution and Service Fees — C Shares
    13                   30       29       216  
Custodian Fees
    6       4       78       307       249       12  
Printing Fees
    8       3       2       29       22       34  
Professional Fees
    7       3       6       28       16       25  
Registration Fees
    15       11       18       17       15       19  
Trustee Fees
    3       1       1       11       9       13  
Dividend Expense on Securities Sold Short
                888                    
Other Fees
    7       1       1       27       15       31  
                                                 
Total Expenses
    1,878       756       1,581       6,202       2,783       5,584  
Less: Investment Advisory Fees Waived/Expenses Reimbursed
                (11 )                  
Less: Administration Fees Waived
    (2 )     (1 )     (10 )     (6 )     (6 )     (42 )
                                                 
Net Expenses
    1,876       755       1,560       6,196       2,777       5,542  
                                                 
Net Investment Income (Loss)
    (1,236 )     (469 )     402       16,970       21,517       6,264  
                                                 
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currencies:
                                               
Net Realized Gain (Loss) from:
                                               
Investment and Foreign Currency Transactions
    (4,265 )     (3,248 )     (18,629 )     (6,685 )     (5,916 )     (43,358 )
Securities Sold Short
                4,922                    
Net Change in Unrealized Appreciation/Depreciation on:
                                               
Investments and Foreign Currencies:
    (8,814 )     (4,785 )     (30,944 )     (245,262 )     (216,860 )     (79,845 )
Securities Sold Short
                3,573                    
                                                 
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currencies:
    (13,079 )     (8,033 )     (41,078 )     (251,947 )     (222,776 )     (123,203 )
                                                 
Change in Net Assets from Operations
  $ (14,315 )   $ (8,502 )   $ (40,676 )   $ (234,977 )   $ (201,259 )   $ (116,939 )
                                                 
 
Amounts designated as “— ” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


64


 

STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS  For the Six Months Ended September 30, 2008  (Amounts in thousands)
(Unaudited)
 
                                                 
    Large Cap
  Large Cap
  Large Cap
  Mid-Cap
  Mid-Cap
   
    Growth
  Quantitative
  Value
  Core
  Value
  Real Estate
    Stock Fund   Equity Fund   Equity Fund   Equity Fund   Equity Fund   130/30 Fund
 
Investment Income:
                                               
Dividend Income
  $ 3,439     $ 1,012     $ 16,412     $ 1,523     $ 3,149     $ 132  
Dividend Income from Affiliated Investment Companies
    269       9       1,156       17       121        
Net Income from Securities Lending
    333             826       177       521        
                                                 
Total Investment Income
    4,041       1,021       18,394       1,717       3,791       132  
                                                 
Expenses:
                                               
Investment Advisory Fees
    3,105       543       4,700       927       1,428       32  
Administration, Fund Accounting and Transfer Agency Fees
    114       18       167       31       42       2  
Compliance Services Fees
    9       2       13       2       4        
Distribution and Service Fees — A Shares
    96       1       67       12       11       N/A  
Distribution and Service Fees — C Shares
    134       4       140       35       19        
Custodian Fees
    11       23       19       11       8       5  
Printing Fees
    17       2       26       4       7        
Professional Fees
    13       3       17       3       5       5  
Registration Fees
    17       13       17       19       17       18  
Trustee Fees
    7       1       10       2       3        
Dividend Expense on Securities Sold Short
                                  44  
Other Fees
    26       2       18       6       6        
                                                 
Total Expenses
    3,549       612       5,194       1,052       1,550       106  
Less: Investment Advisory Fees Waived/Expenses Reimbursed
    (11 )                             (25 )
Less: Administration Fees Waived
    (40 )     (5 )     (8 )     (4 )     (2 )     (1 )
                                                 
Net Expenses
    3,498       607       5,186       1,048       1,548       80  
                                                 
Net Investment Income (Loss)
    543       414       13,208       669       2,243       52  
                                                 
Net Realized and Unrealized Gain (Loss) on Investments:
                                               
Net Realized Gain (Loss) from:
                                               
Investment Transactions
    (8,337 )     (1,688 )     (77,397 )     (42 )     (13,373 )     (269 )
Securities Sold Short
                                  15  
Net Change in Unrealized Appreciation/Depreciation on:
                                               
Investments
    (57,254 )     (2,363 )     (52,825 )     (16,422 )     (5,078 )     (61 )
Securities Sold Short
                                  71  
                                                 
Net Realized and Unrealized Gain (Loss) on Investments
    (65,591 )     (4,051 )     (130,222 )     (16,464 )     (18,451 )     (244 )
                                                 
Change in Net Assets from Operations
  $ (65,048 )   $ (3,637 )   $ (117,014 )   $ (15,795 )   $ (16,208 )   $ (192 )
                                                 
 
Amounts designated as “— ” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


65


 

STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS  For the Six Months Ended September 30, 2008  (Amounts in thousands)
(Unaudited)
 
                                                 
    Select
                   
    Large Cap
  Small Cap
  Small Cap
      Life Vision
  Life Vision
    Growth
  Growth
  Value
  U.S. Equity
  Aggressive
  Conservative
    Stock Fund   Stock Fund   Equity Fund   130/30 Fund   Growth Fund   Fund
 
Investment Income:
                                               
Dividend Income
  $ 655     $ 950     $ 5,964     $ 49     $ 5     $  
Dividend Income from Affiliated Investment Companies
    53       204       214             154       208  
Net Income from Securities Lending
    54       1,237       925                    
                                                 
Total Investment Income
    762       2,391       7,103       49       159       208  
                                                 
Expenses:
                                               
Investment Advisory Fees
    529       3,099       2,801       24       16       6  
Administration, Fund Accounting and Transfer Agency Fees
    26       89       71       5       6       2  
Compliance Services Fees
    2       8       6                    
Distribution and Service Fees — A Shares
    1       24       6       N/A       5       1  
Distribution and Service Fees — B Shares
    N/A       N/A       N/A       N/A       16       17  
Distribution and Service Fees — C Shares
    128       71       52       N/A       8       5  
Custodian Fees
    4       8       6       10       4       3  
Printing Fees
    3       16       14             1        
Professional Fees
    2       11       9       6       1        
Registration Fees
    14       19       18       18       4       3  
Trustee Fees
    1       6       5                    
Dividend Expense on Securities Sold Short
                      13              
Other Fees
    8       14       21       2       3       2  
                                                 
Total Expenses
    718       3,365       3,009       78       64       39  
Less: Investment Advisory Fees Waived/Expenses Reimbursed
                      (31 )           (4 )
Less: Administration Fees Waived
    (2 )     (11 )     (13 )     (5 )     (2 )     (1 )
                                                 
Net Expenses
    716       3,354       2,996       42       62       34  
                                                 
Net Investment Income (Loss)
    46       (963 )     4,107       7       97       174  
                                                 
Net Realized and Unrealized Gain (Loss) on Investments:
                                               
Net Realized Gain (Loss) from:
                                               
Investment Transactions*
    (3,281 )     24,816       515       (179 )     366       (99 )
Securities Sold Short
                      (40 )            
Net Change in Unrealized Appreciation/Depreciation on:
                                               
Investments*
    (9,196 )     (37,790 )     (800 )     (314 )     (3,496 )     (433 )
Securities Sold Short
                      109              
                                                 
Net Realized and Unrealized Gain (Loss) on Investments
    (12,477 )     (12,974 )     (285 )     (424 )     (3,130 )     (532 )
                                                 
Change in Net Assets from Operations
  $ (12,431 )   $ (13,937 )   $ 3,822     $ (417 )   $ (3,033 )   $ (358 )
                                                 
 
Net realized gain (loss) from investment transactions and net change in unrealized appreciation/depreciation on investments for the Life Vision 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.


66


 

STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS  For the Six Months Ended September 30, 2008  (Amounts in thousands)
(Unaudited)
 
                                         
    Life
  Life
  Life
  Life
  Life
    Vision
  Vision
  Vision
  Vision
  Vision
    Growth and
  Moderate
  Target Date
  Target Date
  Target Date
    Income Fund   Growth Fund   2015 Fund   2025 Fund   2035 Fund
 
Investment Income:
                                       
Dividend Income
  $ 10     $ 15     $ 2     $ 2     $ 2  
Dividend Income from Affiliated Investment Companies
    876       2,291       55       57       26  
                                         
Total Investment Income
    886       2,306       57       59       28  
                                         
Expenses:
                                       
Investment Advisory Fees
    44       86       3       4       2  
Administration, Fund Accounting and Transfer Agency Fees
    16       32       1       1       1  
Compliance Services Fees
    1       2                    
Distribution and Service Fees — A Shares
    7       13                    
Distribution and Service Fees — B Shares
    51       38       N/A       N/A       N/A  
Distribution and Service Fees — C Shares
    26       98       N/A       N/A       N/A  
Custodian Fees
    3       3       3       3       3  
Printing Fees
    4       8                    
Professional Fees
    2       4                    
Registration Fees
    5       17       5       5       5  
Trustee Fees
    1       2                    
Other Fees
    7       12       1       1       1  
                                         
Total Expenses
    167       315       13       14       12  
Less: Investment Advisory Fees Waived/Expenses Reimbursed
                (7 )     (5 )     (7 )
Less: Administration Fees Waived
    (2 )     (2 )     (1 )     (1 )     (1 )
                                         
Net Expenses
    165       313       5       8       4  
                                         
Net Investment Income (Loss)
    721       1,993       52       51       24  
                                         
Net Realized and Unrealized Gain (Loss) on Investments:
                                       
Net Realized Gain (Loss) from Investment Transactions*
    355       (546 )     (208 )     (387 )     (201 )
Net Change in Unrealized Appreciation/Depreciation on Investments*
    (7,231 )     (10,680 )     (386 )     (416 )     (393 )
                                         
Net Realized and Unrealized Gain (Loss) on Investments
    (6,876 )     (11,226 )     (594 )     (803 )     (594 )
                                         
Change in Net Assets from Operations
  $ (6,155 )   $ (9,233 )   $ (542 )   $ (752 )   $ (570 )
                                         
 
Net realized gain (loss) from investment transactions and net change in unrealized appreciation/depreciation on investments for the Life Vision 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.


67


 

 
STATEMENT OF CASH FLOWS
RIDGEWORTH FUNDS  For the Six Months Ended September 30, 2008  (Amounts in thousands)
(Unaudited)
 
                         
    International
       
    Equity 130/30
  Real Estate
  U.S. Equity
    Fund   130/30 Fund   130/30 Fund
 
Cash Flow from Operating Activities:
                       
Net Increase (Decrease) in Net Assets Resulting from Operations
  $ (40,676 )   $ (192 )   $ (417 )
Adjustments to Reconcile Net Increase in Net Assets resulting from Operations to Net Cash Used in Operating Activities:
                       
Purchases of Investments
    (568,210 )     (11,269 )     (8,983 )
Proceeds from Investment Securities Sold
    405,420       11,125       9,056  
Proceeds from Investment Securities Sold Short
    (92,985 )     3,962       2,841  
Purchases to Cover Securities Sold Short
    125,186       (3,953 )     (2,917 )
Net Realized (Gain)/Loss from Investments
    13,707       254       219  
Change in Net Unrealized Appreciation/Depreciation from Investments
    27,371       (10 )     205  
Change in Assets and Liabilities:
                       
Decrease (Increase) in Assets:
                       
Interest and Dividends Receivable
    (310 )     15        
Receivable for Capital Shares Issued
    (190 )            
Receivable for Investment Securities Sold
    (693 )     (369 )     (5 )
Reclaims Receivable
    (43 )            
Receivable from Adviser
    46       2       7  
Prepaid Expenses
    (3 )     (3 )     (4 )
(Decrease) Increase in Liabilities:
                       
Payable for Investment Securities Purchased
    4,424       370       19  
Dividends Payable for Securities Sold Short
    59       (1 )     (1 )
Payable for Capital Shares Redeemed
    151              
Investment Advisory Fees Payable
    98       2        
Administration, Fund Accounting and Transfer Agency Fees Payable
    6             1  
Custodian Fees Payable
    57             (3 )
Trustee Fees Payable
    1              
Accrued Expenses
    6             3  
                         
Net Cash Used in Operating Activities
    (126,578 )     (67 )     21  
                         
Cash Flow from Financing Activities:
                       
Proceeds from Shares Issued
    131,935       57       2  
Cost of Shares Redeemed
    (5,327 )            
Payable for Fund Overdraft
    (30 )     10       (23 )
                         
Net Cash Provided by Financing Activities
    126,578       67       (21 )
                         
Net Increase in Cash
                 
Cash at beginning of period
                 
                         
Cash at end of period
  $     $     $  
                         
Amounts designated as “— ” are $0 or have been rounded to $0.
 
Non-cash financing activities not included herein consists of reinvestment of dividends of $37 and $8 for Real Estate 130/30 Fund and U.S. Equity 130/30 Fund, respectively.
 
See Notes to Financial Statements.


68


 

 
STATEMENTS OF CHANGES IN NET ASSETS
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
    Aggressive Growth
  Emerging Growth
  International
  International
    Stock Fund   Stock Fund   Equity 130/30 Fund   Equity Fund
    04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
  04/01/08-
  12/26/07*
  04/01/08-
  04/01/07-
    09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08
    (Unaudited)       (Unaudited)       (Unaudited)       (Unaudited)    
 
Operations:
                                                               
Net Investment Income (Loss)
  $ (1,236 )   $ (2,469 )   $ (469 )   $ (929 )   $ 402     $ (7 )   $ 16,970     $ 24,670  
Net Realized Gain (Loss) from Investment
and Foreign Currency Transactions
    (4,265 )     31,134       (3,248 )     13,996       (13,707 )     (430 )     (6,685 )     103,684  
Net Change in Unrealized Appreciation/Depreciation on Investments and Foreign Currencies
    (8,814 )     (35,691 )     (4,785 )     (20,002 )     (27,371 )     (220 )     (245,262 )     (166,780 )
                                                                 
Change in Net Assets from Operations
    (14,315 )     (7,026 )     (8,502 )     (6,935 )     (40,676 )     (657 )     (234,977 )     (38,426 )
                                                                 
Dividends and Distributions to Shareholders:
                                                               
Net Investment Income:
                                                               
I Shares
                                              (25,075 )
A Shares
                                  N/A             (306 )
C Shares
                                  N/A             (106 )
Net Realized Gains:
                                                               
I Shares
          (10,251 )           (12,358 )                       (159,154 )
A Shares
          (30 )           (84 )           N/A             (2,105 )
C Shares
          (96 )           (12 )           N/A             (1,108 )
                                                                 
Total Dividends and Distributions
          (10,377 )           (12,454 )                       (187,854 )
                                                                 
Change in Net Assets from Capital Transactions
    (30,115 )     106       13,431       25,025       126,608       5,000       (105,012 )     146,586  
                                                                 
Change in Net Assets
    (44,430 )     (17,297 )     4,929       5,636       85,932       4,343       (339,989 )     (79,694 )
                                                                 
Net Assets:
                                                               
Beginning of Period
    310,095       327,392       117,428       111,792       4,343             1,108,522       1,188,216  
                                                                 
End of Period
  $ 265,665     $ 310,095     $ 122,357     $ 117,428     $ 90,275     $ 4,343     $ 768,533     $ 1,108,522  
                                                                 
Accumulated Net Investment Income (Loss),
End of Period
  $ (1,241 )   $ (5 )   $ (477 )   $ (8 )   $ 391     $ (11 )   $ 16,971     $ 1  
                                                                 
 
Commencement of Operations.
 
Amounts designated as “— ” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


69


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
    Aggressive Growth
  Emerging Growth
  International
  International
    Stock Fund   Stock Fund   Equity 130/30 Fund   Equity Fund
    04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
  04/01/08-
  12/26/07*
  04/01/08-
  04/01/07-
    09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08
    (Unaudited)       (Unaudited)       (Unaudited)       (Unaudited)    
 
                                                                 
Capital Transactions:
                                                               
I Shares:
                                                               
Proceeds from Shares Issued
  $ 33,788     $ 120,674     $ 26,074     $ 64,236     $ 131,898     $ 5,000     $ 99,074     $ 340,421  
Dividends Reinvested
          5,115             3,633                         74,643  
Cost of Shares Redeemed
    (63,482 )     (125,214 )     (12,462 )     (43,040 )     (5,312 )           (200,924 )     (269,376 )
                                                                 
Change in Net Assets from I Shares
    (29,694 )     575       13,612       24,829       126,586       5,000       (101,850 )     145,688  
                                                                 
A Shares**:
                                                               
Proceeds from Shares Issued
    2       981       17       563       34       N/A       306       6,187  
Dividends Reinvested
          25             66             N/A             2,020  
Cost of Shares Redeemed
    (198 )     (547 )     (171 )     (451 )     (15 )     N/A       (2,614 )     (7,093 )
                                                                 
Change in Net Assets from A Shares
    (196 )     459       (154 )     178       19       N/A       (2,308 )     1,114  
                                                                 
C Shares**:
                                                               
Proceeds from Shares Issued
    18       50             47       3       N/A       79       501  
Dividends Reinvested
          91             11             N/A             1,187  
Cost of Shares Redeemed
    (243 )     (1,069 )     (27 )     (40 )           N/A       (933 )     (1,904 )
                                                                 
Change in Net Assets from C Shares
    (225 )     (928 )     (27 )     18       3       N/A       (854 )     (216 )
                                                                 
Change in Net Assets from Capital Transactions
  $ (30,115 )   $ 106     $ 13,431     $ 25,025     $ 126,608     $ 5,000     $ (105,012 )   $ 146,586  
                                                                 
Share Transactions:
                                                               
I Shares:
                                                               
Issued
    2,607       8,851       2,230       4,764       15,146       500       7,697       21,017  
Reinvested
          353             255                         4,740  
Redeemed
    (4,895 )     (9,286 )     (1,081 )     (3,057 )     (691 )           (14,877 )     (15,914 )
                                                                 
Change in I Shares
    (2,288 )     (82 )     1,149       1,962       14,455       500       (7,180 )     9,843  
                                                                 
A Shares**:
                                                               
Issued
          70       2       38       4       N/A       24       359  
Reinvested
          2             5             N/A             130  
Redeemed
    (16 )     (41 )     (15 )     (33 )     (2 )     N/A       (203 )     (443 )
                                                                 
Change in A Shares
    (16 )     31       (13 )     10       2       N/A       (179 )     46  
                                                                 
C Shares**:
                                                               
Issued
    1       4             3       1       N/A       6       32  
Reinvested
          7             1             N/A             82  
Redeemed
    (19 )     (83 )     (2 )     (3 )           N/A       (77 )     (126 )
                                                                 
Change in C Shares
    (18 )     (72 )     (2 )     1       1       N/A       (71 )     (12 )
                                                                 
Change in Shares
    (2,322 )     (123 )     1,134       1,973       14,458       500       (7,430 )     9,877  
                                                                 
 
*   Commencement of Operations.
**  Commencement of Operations was 07/02/08 and 08/21/08, for International Equity 130/30 Fund A Shares and C Shares, respectively.
 
Amounts designated as “— ” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


70


 

 
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
    04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
    09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08
    (Unaudited)       (Unaudited)       (Unaudited)       (Unaudited)    
 
Operations:
                                                               
Net Investment Income (Loss)
  $ 21,517     $ 29,187     $ 6,264     $ 18,810     $ 543     $ 3,360     $ 414     $ 1,747  
Net Realized Gain (Loss) from
Investment and Foreign
Currency Transactions
    (5,916 )     27,147       (43,358 )     23,357       (8,337 )     123,995       (1,688 )     (5,691 )
Net Change in Unrealized Appreciation/Depreciation on Investments and Foreign Currencies
    (216,860 )     (79,504 )     (79,845 )     (186,337 )     (57,254 )     (89,661 )     (2,363 )     (10,191 )
                                                                 
Change in Net Assets from
Operations
    (201,259 )     (23,170 )     (116,939 )     (144,170 )     (65,048 )     37,694       (3,637 )     (14,135 )
                                                                 
Dividends and Distributions to
Shareholders:
                                                               
Net Investment Income:
                                                               
I Shares
          (27,049 )     (5,914 )     (18,214 )     (635 )     (3,174 )     (404 )     (1,790 )
A Shares
          (166 )     (128 )     (438 )     (4 )     (208 )     (2 )     (4 )
C Shares
          (113 )     (17 )     (163 )           (50 )            
Tax Return of Capital
                                                               
I Shares
                      (31 )                       (11 )
A Shares
                      (1 )                        
C Shares
                      (1 )                        
Net Realized Gains:
                                                               
I Shares
                      (139,555 )           (157,411 )           (29,674 )
A Shares
                      (4,238 )           (19,487 )           (126 )
C Shares
                      (5,769 )           (9,172 )           (145 )
                                                                 
Total Dividends and
Distributions
          (27,328 )     (6,059 )     (168,410 )     (639 )     (189,502 )     (406 )     (31,750 )
                                                                 
Change in Net Assets from
Capital Transactions
    (76,175 )     13,287       (154,875 )     (36,057 )     (129,606 )     (344,543 )     (146,539 )     (27,710 )
                                                                 
Change in Net Assets
    (277,434 )     (37,211 )     (277,873 )     (348,637 )     (195,293 )     (496,351 )     (150,582 )     (73,595 )
                                                                 
Net Assets:
                                                               
Beginning of Period
    970,737       1,007,948       1,321,648       1,670,285       727,357       1,223,708       237,730       311,325  
                                                                 
End of Period
  $ 693,303     $ 970,737     $ 1,043,775     $ 1,321,648     $ 532,064     $ 727,357     $ 87,148     $ 237,730  
                                                                 
Accumulated Net Investment
Income (Loss), End of Period
  $ 23,182     $ 1,665     $ 198     $ (7 )   $ (101 )   $ (5 )   $ 5     $ (3 )
                                                                 
 
Amounts designated as “— ” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


71


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
    International Equity
  Large Cap Core
  Large Cap Growth
   
    Index Fund   Equity Fund   Stock Fund   Large Cap Quantitative Equity Fund
    04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
    09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08
    (Unaudited)       (Unaudited)       (Unaudited)       (Unaudited)    
 
Capital Transactions:
                                                               
I Shares:
                                                               
Proceeds from Shares Issued
  $ 78,583     $ 325,920     $ 100,207     $ 403,254     $ 45,598     $ 285,723     $ 9,562     $ 77,243  
Dividends Reinvested
          15,453       1,985       74,869       296       98,027       249       13,737  
Cost of Shares Redeemed
    (153,818 )     (327,766 )     (247,669 )     (501,360 )     (165,712 )     (730,987 )     (155,793 )     (118,727 )
                                                                 
Change in Net Assets from I Shares
    (75,235 )     13,607       (145,477 )     (23,237 )     (119,818 )     (347,237 )     (145,982 )     (27,747 )
                                                                 
A Shares:
                                                               
Proceeds from Shares Issued
    249       3,254       377       7,608       628       4,566             709  
Dividends Reinvested
          123       115       4,160       3       19,005       2       122  
Cost of Shares Redeemed
    (733 )     (2,833 )     (4,122 )     (14,301 )     (6,728 )     (20,085 )     (287 )     (742 )
                                                                 
Change in Net Assets from A Shares
    (484 )     544       (3,630 )     (2,533 )     (6,097 )     3,486       (285 )     89  
                                                                 
C Shares:
                                                               
Proceeds from Shares Issued
    146       728       195       1,045       198       686       8       29  
Dividends Reinvested
          107       16       5,630             8,871             138  
Cost of Shares Redeemed
    (602 )     (1,699 )     (5,979 )     (16,962 )     (3,889 )     (10,349 )     (280 )     (219 )
                                                                 
Change in Net Assets from C Shares
    (456 )     (864 )     (5,768 )     (10,287 )     (3,691 )     (792 )     (272 )     (52 )
                                                                 
Change in Net Assets from Capital Transactions
  $ (76,175 )   $ 13,287     $ (154,875 )   $ (36,057 )   $ (129,606 )   $ (344,543 )   $ (146,539 )   $ (27,710 )
                                                                 
Share Transactions:
                                                               
I Shares:
                                                               
Issued
    4,608       16,896       7,104       23,698       4,551       23,966       828       5,798  
Reinvested
          786       145       4,573       31       8,602       23       1,056  
Redeemed
    (9,283 )     (17,256 )     (17,319 )     (28,621 )     (16,050 )     (54,888 )     (12,920 )     (8,425 )
                                                                 
Change in I Shares
    (4,675 )     426       (10,070 )     (350 )     (11,468 )     (22,320 )     (12,069 )     (1,571 )
                                                                 
A Shares:
                                                               
Issued
    14       166       27       424       67       372             51  
Reinvested
          6       8       251             1,790             9  
Redeemed
    (46 )     (149 )     (288 )     (829 )     (711 )     (1,658 )     (24 )     (56 )
                                                                 
Change in A Shares
    (32 )     23       (253 )     (154 )     (644 )     504       (24 )     4  
                                                                 
C Shares:
                                                               
Issued
    8       38       14       61       23       62       1       3  
Reinvested
          6       1       350             924             11  
Redeemed
    (36 )     (93 )     (430 )     (1,006 )     (462 )     (934 )     (25 )     (18 )
                                                                 
Change in C Shares
    (28 )     (49 )     (415 )     (595 )     (439 )     52       (24 )     (4 )
                                                                 
Change in Shares
    (4,735 )     400       (10,738 )     (1,099 )     (12,551 )     (21,764 )     (12,117 )     (1,571 )
                                                                 
 
Amounts designated as “— ” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


72


 

 
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
    04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
  04/01/08-
  12/26/07*
    09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08
    (Unaudited)       (Unaudited)       (Unaudited)       (Unaudited)    
 
Operations:
                                                               
Net Investment Income (Loss)
  $ 13,208     $ 20,543     $ 669     $ 1,561     $ 2,243     $ 4,510     $ 52     $ 22  
Net Realized Gain (Loss) from Investments
    (77,397 )     38,999       (42 )     22,544       (13,373 )     1,206       (254 )     22  
Net Change in Unrealized Appreciation/
Depreciation on Investments
    (52,825 )     (135,590 )     (16,422 )     (43,429 )     (5,078 )     (33,320 )     10       129  
                                                                 
Change in Net Assets from Operations
    (117,014 )     (76,048 )     (15,795 )     (19,324 )     (16,208 )     (27,604 )     (192 )     173  
                                                                 
Dividends and Distributions to Shareholders:
                                                               
Net Investment Income:
                                                               
I Shares
    (12,505 )     (19,035 )     (414 )     (1,662 )     (1,842 )     (4,406 )     (37 )     (34 )
A Shares
    (390 )     (943 )     (9 )     (47 )     (28 )     (74 )     N/A       N/A  
C Shares
    (147 )     (339 )           (12 )     (4 )     (30 )           N/A  
Tax Return of Capital
                                                               
I Shares
                                  (1,122 )            
A Shares
                                  (28 )     N/A       N/A  
C Shares
                                  (21 )           N/A  
Net Realized Gains:
                                                               
I Shares
          (103,923 )           (23,007 )           (48,249 )            
A Shares
          (6,143 )           (1,059 )           (1,212 )     N/A       N/A  
C Shares
          (3,763 )           (1,008 )           (881 )           N/A  
                                                                 
Total Dividends and Distributions
    (13,042 )     (134,146 )     (423 )     (26,795 )     (1,874 )     (56,023 )     (37 )     (34 )
                                                                 
Change in Net Assets from Capital Transactions
    341,468       189,310       (42,766 )     (109,019 )     35,463       64,848       94       5,034  
                                                                 
Change in Net Assets
    211,412       (20,884 )     (58,984 )     (155,138 )     17,381       (18,779 )     (135 )     5,173  
                                                                 
Net Assets:
                                                               
Beginning of Period
    975,220       996,104       201,465       356,603       269,801       288,580       5,173        
                                                                 
End of Period
  $ 1,186,632     $ 975,220     $ 142,481     $ 201,465     $ 287,182     $ 269,801     $ 5,038     $ 5,173  
                                                                 
Accumulated Net Investment Income (Loss), End of Period
  $ 398     $ 232     $ 272     $ 26     $ 514     $ 145     $ 15     $  
                                                                 
 
Commencement of Operations.
 
Amounts designated as “— ” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


73


 

 
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
    04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
  04/01/08-
  12/26/07*
    09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08
    (Unaudited)       (Unaudited)       (Unaudited)       (Unaudited)    
 
Capital Transactions:
                                                               
I Shares:
                                                               
Proceeds from Shares Issued
  $ 444,976     $ 355,893     $ 8,143     $ 41,538     $ 76,367     $ 127,267     $ 52     $ 5,000  
Dividends Reinvested
    6,928       94,656       272       15,639       836       27,334       37       34  
Cost of Shares Redeemed
    (103,678 )     (252,509 )     (48,991 )     (163,505 )     (38,095 )     (95,646 )            
                                                                 
Change in Net Assets from I Shares
    348,226       198,040       (40,576 )     (106,328 )     39,108       58,955       89       5,034  
                                                                 
A Shares:
                                                               
Proceeds from Shares Issued
    475       3,635       108       1,225       485       8,394       N/A       N/A  
Dividends Reinvested
    372       6,747       8       1,030       24       1,122       N/A       N/A  
Cost of Shares Redeemed
    (4,929 )     (14,704 )     (1,176 )     (3,319 )     (3,445 )     (2,786 )     N/A       N/A  
                                                                 
Change in Net Assets from A Shares
    (4,082 )     (4,322 )     (1,060 )     (1,064 )     (2,936 )     6,730       N/A       N/A  
                                                                 
C Shares**:
                                                               
Proceeds from Shares Issued
    94       705       19       78       18       321       5       N/A  
Dividends Reinvested
    139       3,958             970       4       888             N/A  
Cost of Shares Redeemed
    (2,909 )     (9,071 )     (1,149 )     (2,675 )     (731 )     (2,046 )           N/A  
                                                                 
Change in Net Assets from C Shares
    (2,676 )     (4,408 )     (1,130 )     (1,627 )     (709 )     (837 )     5       N/A  
                                                                 
Change in Net Assets from Capital
Transactions
  $ 341,468     $ 189,310     $ (42,766 )   $ (109,019 )   $ 35,463     $ 64,848     $ 94     $ 5,034  
                                                                 
Share Transactions:
                                                               
I Shares:
                                                               
Issued
    35,394       23,915       715       3,029       7,756       10,739       5       500  
Reinvested
    582       6,778       25       1,236       87       2,480       4       3  
Redeemed
    (8,536 )     (17,007 )     (4,296 )     (11,826 )     (3,889 )     (7,708 )            
                                                                 
Change in I Shares
    27,440       13,686       (3,556 )     (7,561 )     3,954       5,511       9       503  
                                                                 
A Shares:
                                                               
Issued
    39       242       10       90       49       689       N/A       N/A  
Reinvested
    31       485       1       86       3       103       N/A       N/A  
Redeemed
    (401 )     (1,012 )     (107 )     (258 )     (350 )     (236 )     N/A       N/A  
                                                                 
Change in A Shares
    (331 )     (285 )     (96 )     (82 )     (298 )     556       N/A       N/A  
                                                                 
C Shares**:
                                                               
Issued
    8       50       2       7       2       24       1       N/A  
Reinvested
    12       289             90             82             N/A  
Redeemed
    (243 )     (621 )     (119 )     (232 )     (75 )     (164 )           N/A  
                                                                 
Change in C Shares
    (223 )     (282 )     (117 )     (135 )     (73 )     (58 )     1       N/A  
                                                                 
Change in Shares
    26,886       13,119       (3,769 )     (7,778 )     3,583       6,009       10       503  
                                                                 
 
 *   Commencement of Operations.
 
**  Commencement of operations was 05/05/08 for Real Estate 130/30 Fund C Shares.
 
Amounts designated as “— ” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


74


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
    Select Large Cap
  Small Cap Growth
  Small Cap Value
  U.S. Equity
    Growth Stock Fund   Stock Fund   Equity Fund   130/30 Fund
    04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
  04/01/08-
  12/26/07*
    09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08
    (Unaudited)       (Unaudited)       (Unaudited)       (Unaudited)    
 
Operations:
                                                               
Net Investment Income (Loss)
  $ 46     $ 40     $ (963 )   $ (4,166 )   $ 4,107     $ 7,624     $ 7     $ 6  
Net Realized Gain (Loss) from Investment Transactions
    (3,281 )     7,032       24,816       116,819       515       82,203       (219 )     (251 )
Net Change in Unrealized Appreciation/
Depreciation on Investments
    (9,196 )     (646 )     (37,790 )     (129,557 )     (800 )     (150,184 )     (205 )     (374 )
                                                                 
Change in Net Assets from Operations
    (12,431 )     6,426       (13,937 )     (16,904 )     3,822       (60,357 )     (417 )     (619 )
                                                                 
Dividends and Distributions to Shareholders:
                                                               
Net Investment Income:
                                                               
I Shares
    (71 )     (93 )                 (3,997 )     (6,867 )     (8 )     (6 )
A Shares
                            (34 )     (59 )     N/A       N/A  
C Shares
                            (138 )     (288 )     N/A       N/A  
Tax Return of Capital:
                                                               
I Shares
                      (2,930 )                        
A Shares
                      (111 )                 N/A       N/A  
C Shares
                      (104 )                 N/A       N/A  
Net Realized Gains:
                                                               
I Shares
                      (175,625 )           (149,092 )            
A Shares
                      (6,621 )           (1,715 )     N/A       N/A  
C Shares
                      (6,200 )           (7,950 )     N/A       N/A  
                                                                 
Total Dividends and Distributions
    (71 )     (93 )           (191,591 )     (4,169 )     (165,971 )     (8 )     (6 )
                                                                 
Change in Net Assets from Capital Transactions
    570       (13,770 )     (22,080 )     (161,452 )     (32,885 )     5,345       10       5,006  
                                                                 
Change in Net Assets
    (11,932 )     (7,437 )     (36,017 )     (369,947 )     (33,232 )     (220,983 )     (415 )     4,381  
                                                                 
Net Assets:
                                                               
Beginning of Period
    123,856       131,293       521,488       891,435       496,554       717,537       4,381        
                                                                 
End of Period
  $ 111,924     $ 123,856     $ 485,471     $ 521,488     $ 463,322     $ 496,554     $ 3,966     $ 4,381  
                                                                 
Accumulated Net Investment Income (Loss), End of Period
  $ (25 )   $     $ (967 )   $ (4 )   $ 448     $ 510     $     $ 1  
                                                                 
 
Commencement of Operations.
 
Amounts designated as “— ” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


75


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
    Select Large Cap
  Small Cap
  Small Cap Value
  U.S. Equity
    Growth Stock Fund   Growth Stock Fund   Equity Fund   130/30 Fund
    04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
  04/01/08-
  12/26/07*
    09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08
    (Unaudited)       (Unaudited)       (Unaudited)       (Unaudited)    
 
Capital Transactions:
                                                               
I Shares:
                                                               
Proceeds from Shares Issued
  $ 21,954     $ 53,342     $ 73,965     $ 193,813     $ 50,111     $ 105,880     $ 2     $ 5,000  
Dividends Reinvested
    27       37             160,171       3,383       134,794       8       6  
Cost of Shares Redeemed
    (18,896 )     (59,313 )     (92,112 )     (515,343 )     (82,599 )     (233,111 )            
                                                                 
Change in Net Assets from I Shares
    3,085       (5,934 )     (18,147 )     (161,359 )     (29,105 )     7,563       10       5,006  
                                                                 
A Shares:
                                                               
Proceeds from Shares Issued
    361       577       336       2,216       129       974       N/A       N/A  
Dividends Reinvested
                      6,316       18       1,521       N/A       N/A  
Cost of Shares Redeemed
    (224 )     (369 )     (2,367 )     (8,658 )     (817 )     (2,820 )     N/A       N/A  
                                                                 
Change in Net Assets from A Shares
    137       208       (2,031 )     (126 )     (670 )     (325 )     N/A       N/A  
                                                                 
C Shares:
                                                               
Proceeds from Shares Issued
    68       166       168       224       54       299       N/A       N/A  
Dividends Reinvested
                      6,017       127       7,562       N/A       N/A  
Cost of Shares Redeemed
    (2,720 )     (8,210 )     (2,070 )     (6,208 )     (3,291 )     (9,754 )     N/A       N/A  
                                                                 
Change in Net Assets from C Shares
    (2,652 )     (8,044 )     (1,902 )     33       (3,110 )     (1,893 )     N/A       N/A  
                                                                 
Change in Net Assets from Capital Transactions
  $ 570     $ (13,770 )   $ (22,080 )   $ (161,452 )   $ (32,885 )   $ 5,345     $ 10     $ 5,006  
                                                                 
Share Transactions:
                                                               
I Shares:
                                                               
Issued
    774       1,794       5,152       10,325       4,369       7,204             500  
Reinvested
    1       1             10,017       295       10,699       1       1  
Redeemed
    (658 )     (2,021 )     (6,447 )     (25,118 )     (7,354 )     (14,777 )            
                                                                 
Change in I Shares
    117       (226 )     (1,295 )     (4,776 )     (2,690 )     3,126       1       501  
                                                                 
A Shares:
                                                               
Issued
    13       19       25       114       11       58       N/A       N/A  
Reinvested
                      415       2       123       N/A       N/A  
Redeemed
    (8 )     (13 )     (173 )     (468 )     (72 )     (182 )     N/A       N/A  
                                                                 
Change in A Shares
    5       6       (148 )     61       (59 )     (1 )     N/A       N/A  
                                                                 
C Shares:
                                                               
Issued
    3       6       14       16       5       19       N/A       N/A  
Reinvested
                      446       12       630       N/A       N/A  
Redeemed
    (104 )     (302 )     (172 )     (370 )     (301 )     (666 )     N/A       N/A  
                                                                 
Change in C Shares
    (101 )     (296 )     (158 )     92       (284 )     (17 )     N/A       N/A  
                                                                 
Change in Shares
    21       (516 )     (1,601 )     (4,623 )     (3,033 )     3,108       1       501  
                                                                 
 
Commencement of Operations.
 
Amounts designated as “— ” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


76


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
        Life Vision
  Life Vision Growth
  Life Vision Moderate
    Life Vision Aggressive Growth Fund   Conservative Fund   and Income Fund   Growth Fund
    04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
    09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08
    (Unaudited)       (Unaudited)       (Unaudited)       (Unaudited)    
 
Operations:
                                                               
Net Investment Income (Loss)
  $ 97     $ 486     $ 174     $ 366     $ 721     $ 2,241     $ 1,993     $ 5,975  
Net Realized Gain (Loss) from Investment
Transactions*
    366       5,236       (99 )     (129 )     355       6,410       (546 )     2,423  
Capital Gain (Loss) Received from Investments in
Affiliated Investment Companies
          3,409             254             6,168             9,266  
Net Change in Unrealized Appreciation/
Depreciation on Investments*
    (3,496 )     (9,753 )     (433 )     (223 )     (7,231 )     (15,273 )     (10,680 )     (15,461 )
                                                                 
Change in Net Assets from Operations
    (3,033 )     (622 )     (358 )     268       (6,155 )     (454 )     (9,233 )     2,203  
                                                                 
Dividends and Distributions to Shareholders:
                                                               
Net Investment Income:
                                                               
I Shares
    (154 )     (1,202 )     (126 )     (167 )     (791 )     (2,935 )     (2,419 )     (6,115 )
A Shares
    (16 )     (113 )     (15 )     (23 )     (51 )     (195 )     (142 )     (342 )
B Shares
    (12 )     (153 )     (94 )     (153 )     (117 )     (483 )     (143 )     (367 )
C Shares
    (3 )     (55 )     (19 )     (24 )     (37 )     (170 )     (258 )     (633 )
Net Realized Gains:
                                                               
I Shares
          (4,823 )           (69 )           (5,689 )           (2,580 )
A Shares
          (495 )           (8 )           (426 )           (158 )
B Shares
          (726 )           (66 )           (1,189 )           (185 )
C Shares
          (265 )           (10 )           (446 )           (341 )
                                                                 
Total Dividends and Distributions
    (185 )     (7,832 )     (254 )     (520 )     (996 )     (11,533 )     (2,962 )     (10,721 )
                                                                 
Change in Net Assets from Capital Transactions
    (7,469 )     (17,012 )     (715 )     2,217       (13,870 )     (34,482 )     (23,005 )     (45,398 )
                                                                 
Change in Net Assets
    (10,687 )     (25,466 )     (1,327 )     1,965       (21,021 )     (46,469 )     (35,200 )     (53,916 )
                                                                 
Net Assets:
                                                               
Beginning of Period
    37,820       63,286       11,583       9,618       94,658       141,127       187,407       241,323  
                                                                 
End of Period
  $ 27,133     $ 37,820     $ 10,256     $ 11,583     $ 73,637     $ 94,658     $ 152,207     $ 187,407  
                                                                 
Accumulated Net Investment Income (Loss),
End of Period
  $ (1 )   $ 87     $ 8     $ 88     $ 17     $ 292     $ 69     $ 1,038  
                                                                 
 
Net realized gain (loss) on securities sold and net change in unrealized appreciation/depreciation on investments for the Life Vision 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.


77


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
        Life Vision
  Life Vision Growth
  Life Vision Moderate
    Life Vision Aggressive Growth Fund   Conservative Fund   and Income Fund   Growth Fund
    04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
    09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08
    (Unaudited)       (Unaudited)       (Unaudited)       (Unaudited)    
 
Capital Transactions:
                                                               
I Shares:
                                                               
Proceeds from Shares Issued
  $ 2,265     $ 9,620     $ 776     $ 3,889     $ 3,635     $ 17,783     $ 10,913     $ 33,653  
Dividends Reinvested
    149       5,872       124       229       783       8,615       2,309       8,405  
Cost of Shares Redeemed
    (9,188 )     (33,930 )     (957 )     (2,189 )     (15,459 )     (60,094 )     (33,067 )     (80,892 )
                                                                 
Change in Net Assets from I Shares
    (6,774 )     (18,438 )     (57 )     1,929       (11,041 )     (33,696 )     (19,845 )     (38,834 )
                                                                 
A Shares:
                                                               
Proceeds from Shares Issued
    41       691       53       158       69       1,659       242       1,012  
Dividends Reinvested
    15       594       10       23       49       612       133       475  
Cost of Shares Redeemed
    (153 )     (480 )     (130 )     (319 )     (721 )     (3,332 )     (528 )     (3,453 )
                                                                 
Change in Net Assets from A Shares
    (97 )     805       (67 )     (138 )     (603 )     (1,061 )     (153 )     (1,966 )
                                                                 
B Shares:
                                                               
Proceeds from Shares Issued
          18       77       678       50       42       72       196  
Dividends Reinvested
    12       869       86       191       110       1,571       138       534  
Cost of Shares Redeemed
    (516 )     (896 )     (865 )     (507 )     (1,612 )     (2,194 )     (1,467 )     (2,329 )
                                                                 
Change in Net Assets from B Shares
    (504 )     (9 )     (702 )     362       (1,452 )     (581 )     (1,257 )     (1,599 )
                                                                 
C Shares:
                                                               
Proceeds from Shares Issued
    168       657       200       336       103       1,296       399       1,418  
Dividends Reinvested
    3       320       16       28       36       587       247       933  
Cost of Shares Redeemed
    (265 )     (347 )     (105 )     (300 )     (913 )     (1,027 )     (2,396 )     (5,350 )
                                                                 
Change in Net Assets from C Shares
    (94 )     630       111       64       (774 )     856       (1,750 )     (2,999 )
                                                                 
Change in Net Assets from Capital
Transactions
  $ (7,469 )   $ (17,012 )   $ (715 )   $ 2,217     $ (13,870 )   $ (34,482 )   $ (23,005 )   $ (45,398 )
                                                                 
Share Transactions:
                                                               
I Shares:
                                                               
Issued
    218       749       70       342       323       1,377       1,058       3,060  
Reinvested
    15       486       12       20       71       679       229       757  
Redeemed
    (876 )     (2,570 )     (87 )     (192 )     (1,379 )     (4,571 )     (3,198 )     (7,331 )
                                                                 
Change in I Shares
    (643 )     (1,335 )     (5 )     170       (985 )     (2,515 )     (1,911 )     (3,514 )
                                                                 
A Shares:
                                                               
Issued
    3       52       5       15       6       124       24       91  
Reinvested
    2       49       1       2       5       48       13       43  
Redeemed
    (15 )     (39 )     (12 )     (28 )     (64 )     (253 )     (51 )     (319 )
                                                                 
Change in A Shares
    (10 )     62       (6 )     (11 )     (53 )     (81 )     (14 )     (185 )
                                                                 
B Shares:
                                                               
Issued
          2       7       60       4       3       7       17  
Reinvested
    1       73       8       17       10       125       14       48  
Redeemed
    (50 )     (70 )     (79 )     (44 )     (145 )     (174 )     (144 )     (215 )
                                                                 
Change in B Shares
    (49 )     5       (64 )     33       (131 )     (46 )     (123 )     (150 )
                                                                 
C Shares:
                                                               
Issued
    15       51       18       30       9       100       39       130  
Reinvested
          27       2       2       3       47       24       84  
Redeemed
    (25 )     (27 )     (10 )     (26 )     (81 )     (81 )     (235 )     (488 )
                                                                 
Change in C Shares
    (10 )     51       10       6       (69 )     66       (172 )     (274 )
                                                                 
Change in Shares
    (712 )     (1,217 )     (65 )     198       (1,238 )     (2,576 )     (2,220 )     (4,123 )
                                                                 
 
Amounts designated as “— ” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


78


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                 
    Life Vision Target
  Life Vision Target
  Life Vision Target
    Date 2015 Fund   Date 2025 Fund   Date 2035 Fund
    04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
    09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08
    (Unaudited)       (Unaudited)       (Unaudited)    
 
Operations:
                                               
Net Investment Income (Loss)
  $ 52     $ 50     $ 51     $ 72     $ 24     $ 28  
Net Realized Gain (Loss) from Investment Transactions*
    (208 )     (256 )     (387 )     (234 )     (201 )     (74 )
Capital Gains (Loss) Received from Investments in Affiliated Investment Companies
          192             427             165  
Net Change in Unrealized Appreciation/Depreciation on Investments*
    (386 )     (187 )     (416 )     (635 )     (393 )     (335 )
                                                 
Change in Net Assets from Operations
    (542 )     (201 )     (752 )     (370 )     (570 )     (216 )
                                                 
Dividends and Distributions to Shareholders:
                                               
Net Investment Income:
                                               
I Shares
    (64 )     (97 )     (63 )     (194 )     (30 )     (60 )
A Shares
          (1 )           (2 )           (1 )
Net Realized Gains:
                                               
I Shares
          (22 )           (77 )           (29 )
A Shares
                      (1 )            
                                                 
Total Dividends and Distributions
    (64 )     (120 )     (63 )     (274 )     (30 )     (90 )
                                                 
Change in Net Assets from Capital Transactions
    475       1,420       (656 )     1,713       315       1,912  
                                                 
Change in Net Assets
    (131 )     1,099       (1,471 )     1,069       (285 )     1,606  
                                                 
Net Assets:
                                               
Beginning of Period
    3,168       2,069       5,818       4,749       2,928       1,322  
                                                 
End of Period
  $ 3,037     $ 3,168     $ 4,347     $ 5,818     $ 2,643     $ 2,928  
                                                 
Accumulated Net Investment Income (Loss), End of Period
  $ 2     $ 14     $ 2     $ 14     $ 1     $ 7  
                                                 
 
Net realized gain (loss) on securities sold and net change in unrealized appreciation/depreciation on investments for the Life Vision 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.


79


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                 
    Life Vision Target
  Life Vision Target
  Life Vision Target
    Date 2015 Fund   Date 2025 Fund   Date 2035 Fund
    04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
    09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08
    (Unaudited)       (Unaudited)       (Unaudited)    
 
Capital Transactions:
                                               
I Shares:
                                               
Proceeds from Shares Issued
  $ 3,907     $ 4,247     $ 4,087     $ 3,253     $ 2,855     $ 2,244  
Dividends Reinvested
    64       119       62       271       30       89  
Cost of Shares Redeemed
    (3,520 )     (2,965 )     (4,790 )     (1,819 )     (2,567 )     (442 )
                                                 
Change in Net Assets from I Shares
    451       1,401       (641 )     1,705       318       1,891  
                                                 
A Shares:
                                               
Proceeds from Shares Issued
    24       18             6             36  
Dividends Reinvested
          1             2             1  
Cost of Shares Redeemed
                (15 )           (3 )     (16 )
                                                 
Change in Net Assets from A Shares
    24       19       (15 )     8       (3 )     21  
                                                 
Change in Net Assets from Capital Transactions
  $ 475     $ 1,420     $ (656 )   $ 1,713     $ 315     $ 1,912  
                                                 
Share Transactions:
                                               
I Shares:
                                               
Issued
    361       361       369       268       262       191  
Reinvested
    6       10       6       22       3       7  
Redeemed
    (355 )     (254 )     (467 )     (152 )     (263 )     (38 )
                                                 
Change in I Shares
    12       117       (92 )     138       2       160  
                                                 
A Shares:
                                               
Issued
    2       2                         3  
Reinvested
                                   
Redeemed
                (1 )                 (1 )
                                                 
Change in A Shares
    2       2       (1 )                 2  
                                                 
Change in Shares
    14       119       (93 )     138       2       162  
                                                 
 
Amounts designated as “— ” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


80


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                               
                                                  Ratio of
   
                                              Ratio of
  Expenses to
   
                                          Ratio
  Net
  Average Net
   
            Net
                            of
  Investment
  Assets
   
            Realized
                            Net
  Income
  (Excluding
   
            and
          Distributions
      Net
        Expenses
  (Loss)
  Waivers,
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
        to
  to
  Reimbursements
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
    Net Assets,
  Average
  Average
  and
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
End of
  Net
  Net
  Expense
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1) Period (000)   Assets(2)   Assets(2)   Offset)(2)   Rate(3)
Aggressive Growth Stock Fund(4)
                                                                                                             
I Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
  $ 12.03     $ (0.05 )   $ (0.65 )   $ (0.70 )   $     $     $     $ 11.33       (5.82 )% $ 262,861       1.15 %     (0.76 )%     1.16 %     14 %
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  
Period Ended March 31, 2005
    10.00       (0.06 )(a)     (0.05 )     (0.11 )                       9.89       (1.10 )   58,988       1.22       (0.79 )     1.45       42  
Period Ended May 31, 2004
    10.00       (0.02 )(a)     0.02                               10.00       0.00     20,501       1.22       (0.74 )     1.61       2  
A Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    11.88       (0.08 )     (0.63 )     (0.71 )                       11.17       (5.98 )   668       1.45       (1.05 )     1.46       14  
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  
Period Ended March 31, 2005
    9.99       (0.09 )(a)     (0.06 )     (0.15 )                       9.84       (1.50 )   140       1.58       (1.14 )     5.56       42  
Period Ended May 31, 2004
    10.00       (0.03 )(a)     0.02       (0.01 )                       9.99       (0.10 )   49       1.65       (1.25 )     11.29 (b)     2  
C Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    11.54       (0.11 )     (0.61 )     (0.72 )                       10.82       (6.24 )   2,136       2.15       (1.76 )     2.15       14  
Year Ended March 31, 2008
    12.27       (0.22 )(a)     (0.10 )     (0.32 )           (0.41 )     (0.41 )     11.54       (3.17 )   2,493       2.16       (1.71 )     2.16       59  
Year Ended March 31, 2007
    12.00       (0.20 )(a)     0.47       0.27                         12.27       2.25     3,536       2.16       (1.78 )     2.16       49  
Year Ended March 31, 2006
    9.78       (0.17 )(a)     2.39       2.22                         12.00       22.70     5,223       2.17       (1.63 )     2.27       30  
Period Ended March 31, 2005
    9.97       (0.15 )(a)     (0.04 )     (0.19 )                       9.78       (1.91 )   5,795       2.19       (1.75 )     2.56       42  
Period Ended May 31, 2004
    10.00       (0.04 )(a)     0.01       (0.03 )                       9.97       (0.30 )   65       2.10       (1.69 )     8.78 (b)     2  
Emerging Growth Stock Fund(4)
                                                                                                             
I Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    11.08       (0.04 )     (0.61 )     (0.65 )                       10.43       (5.87 )   121,834       1.16       (0.72 )     1.16       39  
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  
Period Ended March 31, 2005
    9.60       (0.08 )(a)     (0.14 )     (0.22 )                       9.38       (2.29 )   20,494       1.23       (1.03 )     1.51       64  
Period Ended May 31, 2004
    10.00       (0.03 )(a)     (0.37 )     (0.40 )                       9.60       (4.00 )   12,891       1.22       (1.04 )     1.69       11  
A Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    10.92       (0.07 )     (0.59 )     (0.66 )                       10.26       (6.04 )   459       1.46       (1.02 )     1.46       39  
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  
Period Ended March 31, 2005
    9.59       (0.11 )(a)     (0.14 )     (0.25 )                       9.34       (2.61 )   86       1.59       (1.40 )     6.91       64  
Period Ended May 31, 2004
    10.00       (0.04 )(a)     (0.37 )     (0.41 )                       9.59       (4.10 )   39       1.65       (1.46 )     13.36 (b)     11  
C Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    10.62       (0.10 )     (0.57 )     (0.67 )                       9.95       (6.31 )   64       2.16       (1.72 )     2.16       39  
Year Ended March 31, 2008
    12.59       (0.23 )(a)     (0.36 )     (0.59 )           (1.38 )     (1.38 )     10.62       (7.14 )   93       2.17       (1.71 )     2.17       117  
Year Ended March 31, 2007
    12.59       (0.22 )(a)     0.22                               12.59       0.00     99       2.17       (1.84 )     2.18       103  
Year Ended March 31, 2006
    9.29       (0.20 )(a)     3.50       3.30                         12.59       35.52     107       2.17       (1.82 )     2.21       107  
Period Ended March 31, 2005
    9.58       (0.15 )(a)     (0.14 )     (0.29 )                       9.29       (3.03 )   34       2.11       (1.92 )     13.65       64  
Period Ended May 31, 2004
    10.14       (0.05 )(a)     (0.51 )     (0.56 )                       9.58       (5.52 )   34       2.11       (1.95 )     18.36 (b)     11  
 
See Notes to Financial Highlights and Notes to Financial Statements.


81


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                               
                                                  Ratio of
   
                                              Ratio of
  Expenses to
   
                                          Ratio
  Net
  Average Net
   
            Net
                            of
  Investment
  Assets
   
            Realized
                            Net
  Income
  (Excluding
   
            and
          Distributions
      Net
        Expenses
  (Loss)
  Waivers,
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
        to
  to
  Reimbursements
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
    Net Assets,
  Average
  Average
  and
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
End of
  Net
  Net
  Expense
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1) Period (000)   Assets(2)   Assets(2)   Offset)(2)   Rate(3)
International Equity 130/30 Fund(4)(6)
                                                                                                             
I Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
  $ 8.69     $ 0.03     $ (2.68 )   $ (2.65 )   $     $     $     $ 6.04       (30.49 )% $ 90,259       1.51 %     0.90 %     3.63 %     29 %
Period Ended March 31, 2008
    10.00       (0.01 )     (1.30 )     (1.31 )                       8.69       (13.10 )   4,343       1.55       (0.58 )     7.38 %(c)     120  
A Shares
                                                                                                             
Period Ended September 30, 2008Ù
    8.09       (0.01 )     (2.04 )     (2.05 )                       6.04       (25.34 )   14       1.83       (0.49 )     3.44       29  
C Shares
                                                                                                             
Period Ended September 30, 2008Ù
    7.34             (1.30 )     (1.30 )                       6.04       (17.71 )   2       2.49       (0.71 )     4.02       29  
International Equity Fund
                                                                                                             
I Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    13.77       0.23 (a)     (3.48 )     (3.25 )                       10.52       (23.60 )   756,651       1.24       3.42       1.24       86  
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  
Period Ended March 31, 2005
    10.15       0.06       1.67       1.73       (0.11 )           (0.11 )     11.77       17.09     480,731       1.38       0.85       1.38       39  
Year Ended May 31, 2004
    8.00       0.10 (a)     2.19       2.29       (0.14 )           (0.14 )     10.15       28.64     332,180       1.41       1.08       1.41       58  
Year Ended May 31, 2003
    9.31       0.07       (1.32 )     (1.25 )     (0.06 )           (0.06 )     8.00       (13.40 )   191,041       1.46       0.83       1.46       89  
A Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    13.61       0.21 (a)     (3.44 )     (3.23 )                       10.38       (23.73 )   7,509       1.54       3.17       1.54       86  
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  
Period Ended March 31, 2005
    10.03       0.01       1.67       1.68       (0.07 )           (0.07 )     11.64       16.78     8,480       1.72       0.47       1.75       39  
Year Ended May 31, 2004
    7.92       0.04 (a)     2.17       2.21       (0.10 )           (0.10 )     10.03       29.97     7,056       1.83       0.46       2.06       58  
Year Ended May 31, 2003
    9.21       0.04       (1.30 )     (1.26 )     (0.03 )           (0.03 )     7.92       (13.70 )   6,408       1.83       0.59       2.22       89  
C Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    12.74       0.15 (a)     (3.21 )     (3.06 )                       9.68       (24.02 )   4,373       2.24       2.45       2.24       86  
Year Ended March 31, 2008
    15.76       0.17 (a)     (0.70 )     (0.53 )     (0.19 )     (2.30 )     (2.49 )     12.74       (5.09 )   6,662       2.21       1.07       2.21       141  
Year Ended March 31, 2007
    13.58       0.05       2.25       2.30       (0.12 )           (0.12 )     15.76       16.97     8,429       2.22       0.35       2.22       81  
Year Ended March 31, 2006
    11.01             2.57       2.57                         13.58       23.34 #   8,584       2.31       0.51       2.32       59  
Period Ended March 31, 2005
    9.49       (0.02 )(a)     1.54       1.52                         11.01       16.03     8,248       2.40       (0.21 )     2.45       39  
Year Ended May 31, 2004
    7.50       (0.01 )(a)     2.06       2.05       (0.06 )           (0.06 )     9.49       27.32     7,606       2.53       (0.15 )     2.86       58  
Year Ended May 31, 2003
    8.75       (0.01 )     (1.24 )     (1.25 )                       7.50       (14.29 )   5,678       2.53       (0.17 )     3.03       89  
 
See Notes to Financial Highlights and Notes to Financial Statements.


82


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                               
                                                  Ratio of
   
                                              Ratio of
  Expenses to
   
                                          Ratio
  Net
  Average Net
   
            Net
                            of
  Investment
  Assets
   
            Realized
                            Net
  Income
  (Excluding
   
            and
          Distributions
      Net
        Expenses
  (Loss)
  Waivers,
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
        to
  to
  Reimbursements
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
    Net Assets,
  Average
  Average
  and
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
End of
  Net
  Net
  Expense
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1) Period (000)   Assets(2)   Assets(2)   Offset)(2)   Rate(3)
International Equity Index Fund
                                                                                                             
I Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
  $ 17.82     $ 0.44     $ (4.32 )   $ (3.88 )   $     $     $     $ 13.94       (21.77 )% $ 684,581       0.60 %     4.71 %     0.60 %     9 %
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  
Period Ended March 31, 2005
    11.11       0.08 (a)     1.88       1.96       (0.24 )           (0.24 )     12.83       17.68     517,993       0.97       0.81       1.06       21  
Year Ended May 31, 2004
    8.39       0.14 (a)     2.71       2.85       (0.13 )           (0.13 )     11.11       34.07     351,163       0.98       1.38       1.07       10  
Year Ended May 31, 2003
    9.76       0.10 (a)     (1.43 )     (1.33 )     (0.04 )           (0.04 )     8.39       (13.63 )   248,770       1.03       1.26       1.12       25  
A Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    17.67       0.41       (4.28 )     (3.87 )                       13.80       (21.90 )   4,291       0.90       4.40       0.90       9  
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  
Period Ended March 31, 2005
    10.93       0.04 (a)     1.84       1.88       (0.12 )           (0.12 )     12.69       17.22     7,600       1.36       0.38       1.45       21  
Year Ended May 31, 2004
    8.28       0.07 (a)     2.68       2.75       (0.10 )           (0.10 )     10.93       33.26     15,037       1.49       0.73       1.61       10  
Year Ended May 31, 2003
    9.64       0.10 (a)     (1.45 )     (1.35 )     (0.01 )           (0.01 )     8.28       (14.03 )   9,877       1.49       1.33       1.87       25  
C Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    17.18       0.32       (4.13 )     (3.81 )                       13.37       (22.18 )   4,431       1.60       3.70       1.60       9  
Year Ended March 31, 2008
    17.99       0.33       (0.84 )     (0.51 )     (0.30 )           (0.30 )     17.18       (3.01 )   6,171       1.60       1.77       1.60       13  
Year Ended March 31, 2007
    15.29       0.21       2.71       2.92       (0.22 )           (0.22 )     17.99       19.13     7,342       1.61       0.99       1.61       8  
Year Ended March 31, 2006
    12.37       0.07       2.87       2.94       (0.02 )           (0.02 )     15.29       23.79 #   5,991       1.77       0.94       1.80       7  
Period Ended March 31, 2005
    10.69       (0.02 )(a)     1.80       1.78       (0.10 )           (0.10 )     12.37       16.62     5,763       1.99       (0.24 )     2.12       21  
Year Ended May 31, 2004
    8.10       0.02 (a)     2.62       2.64       (0.05 )           (0.05 )     10.69       32.60     5,208       2.14       0.25       2.54       10  
Year Ended May 31, 2003
    9.48       0.01 (a)     (1.39 )     (1.38 )                       8.10       (14.56 )   3,093       2.14       0.18       2.82       25  
Large Cap Core Equity Fund
                                                                                                             
I Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    14.25       0.07       (1.53 )     (1.46 )     (0.07 )           (0.07 )     12.72       (10.25 )   979,271       0.86       1.07       0.87       51  
Year Ended March 31, 2008
    17.79       0.21       (1.81 )     (1.60 )     (0.21 )(b)     (1.73 )     (1.94 )(b)     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  
Period Ended March 31, 2005
    14.72       0.17       1.74       1.91       (0.18 )     (0.38 )     (0.56 )     16.07       12.98     1,010,717       0.96       1.23       0.96       44  
Year Ended May 31, 2004
    12.21       0.14 (a)     2.50       2.64       (0.13 )           (0.13 )     14.72       21.76     782,665       1.00       1.03       1.00       51  
Year Ended May 31, 2003
    13.80       0.13       (1.60 )     (1.47 )     (0.12 )           (0.12 )     12.21       (10.58 )   598,862       0.99       1.05       0.99       52  
A Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    14.40       0.06       (1.54 )     (1.48 )     (0.06 )           (0.06 )     12.86       (10.33 )   28,313       1.11       0.82       1.12       51  
Year Ended March 31, 2008
    17.97       0.17       (1.84 )     (1.67 )     (0.17 )(b)     (1.73 )     (1.90 )(b)     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  
Period Ended March 31, 2005
    14.83       0.14       1.77       1.91       (0.15 )     (0.38 )     (0.53 )     16.21       12.86     44,743       1.18       0.97       1.23       44  
Year Ended May 31, 2004
    12.31       0.12 (a)     2.51       2.63       (0.11 )           (0.11 )     14.83       21.45     45,808       1.18       0.84       1.36       51  
Year Ended May 31, 2003
    13.91       0.11       (1.61 )     (1.50 )     (0.10 )           (0.10 )     12.31       (10.74 )   36,305       1.18       0.88       1.38       52  
C Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    14.03       0.01       (1.50 )     (1.49 )     (0.01 )           (0.01 )     12.53       (10.66 )   36,191       1.86       0.07       1.87       51  
Year Ended March 31, 2008
    17.56       0.04       (1.79 )     (1.75 )     (0.05 )(b)     (1.73 )     (1.78 )(b)     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  
Period Ended March 31, 2005
    14.54       0.03       1.74       1.77       (0.04 )     (0.38 )     (0.42 )     15.89       12.12     88,741       1.93       0.23       1.99       44  
Year Ended May 31, 2004
    12.08       0.01 (a)     2.47       2.48       (0.02 )           (0.02 )     14.54       20.58     97,899       1.93       0.09       2.17       51  
Year Ended May 31, 2003
    13.66             (1.56 )     (1.56 )     (0.02 )           (0.02 )     12.08       (11.41 )   74,261       1.93       0.11       2.20       52  
 
See Notes to Financial Highlights and Notes to Financial Statements.


83


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                               
                                                  Ratio of
   
                                              Ratio of
  Expenses to
   
                                          Ratio
  Net
  Average Net
   
            Net
                            of
  Investment
  Assets
   
            Realized
                            Net
  Income
  (Excluding
   
            and
          Distributions
      Net
        Expenses
  (Loss)
  Waivers,
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
        to
  to
  Reimbursements
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
    Net Assets,
  Average
  Average
  and
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
End of
  Net
  Net
  Expense
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1) Period (000)   Assets(2)   Assets(2)   Offset)(2)   Rate(3)
Large Cap Growth Stock Fund
                                                                                                             
I Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
  $ 9.95     $ 0.01     $ (1.18 )   $ (1.17 )   $ (0.01 )   $     $ (0.01 )   $ 8.77       (11.75 )% $ 457,737       1.01 %     0.24 %     1.02 %     35 %
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  
Period Ended March 31, 2005
    12.33       0.03 (a)     0.07       0.10       (0.03 )     (0.18 )     (0.21 )     12.22       0.76     1,493,213       1.19       0.31       1.21       72  
Year Ended May 31, 2004
    11.02       (0.03 )(a)     1.34       1.31                         12.33       11.89     1,248,636       1.23       (0.25 )     1.24       106  
Year Ended May 31, 2003
    12.24       (0.03 )(a)     (1.19 )     (1.22 )                       11.02       (9.97 )   1,090,549       1.22       (0.32 )     1.24       69  
A Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    9.27             (1.10 )     (1.10 )                       8.17       (11.86 )   53,010       1.31       (0.05 )     1.32       35  
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  
Period Ended March 31, 2005
    11.82       (0.04 )(a)     0.06       0.02             (0.18 )     (0.18 )     11.66       0.15     126,895       1.86       (0.38 )     1.90       72  
Year Ended May 31, 2004
    10.63       (0.10 )(a)     1.29       1.19                         11.82       11.19     145,883       1.88       (0.91 )     2.00       106  
Year Ended May 31, 2003
    11.89       (0.10 )(a)     (1.16 )     (1.26 )                       10.63       (10.60 )   141,488       1.88       (0.98 )     2.00       69  
C Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    8.37       (0.03 )     (0.99 )     (1.02 )                       7.35       (12.19 )   21,317       2.01       (0.75 )     2.02       35  
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  
Period Ended March 31, 2005
    11.22       (0.07 )(a)     0.07                   (0.18 )     (0.18 )     11.04       (0.02 )   75,786       2.21       (0.74 )     2.24       72  
Year Ended May 31, 2004
    10.15       (0.15 )(a)     1.22       1.07                         11.22       10.54     100,472       2.35       (1.38 )     2.43       106  
Year Ended May 31, 2003
    11.40       (0.14 )(a)     (1.11 )     (1.25 )                       10.15       (10.96 )   94,505       2.35       (1.45 )     2.45       69  
Large Cap Quantitative Equity Fund(4)
                                                                                                             
I Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    11.58       0.05       (1.23 )     (1.18 )     (0.05 )           (0.05 )     10.35       (10.24 )   86,024       0.95       0.66       0.95       203  
Year Ended March 31, 2008
    14.08       0.09 (a)     (0.85 )     (0.76 )     (0.09 )(b)     (1.65 )     (1.74 )(b)     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  
Period Ended March 31, 2005
    12.08       (0.02 )(a)     1.91       1.89             (0.72 )     (0.72 )     13.25       15.84     93,204       1.11       (0.19 )     1.26       346  
Period Ended May 31, 2004
    10.00       (0.02 )(a)     2.35       2.33             (0.25 )     (0.25 )     12.08       23.43     66,812       1.13       (0.22 )     1.33       344  
A Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    11.47       0.03       (1.21 )     (1.18 )     (0.03 )           (0.03 )     10.26       (10.30 )   491       1.20       0.42       1.21       203  
Year Ended March 31, 2008
    13.97       0.05 (a)     (0.84 )     (0.79 )     (0.06 )(b)     (1.65 )     (1.71 )(b)     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  
Period Ended March 31, 2005
    12.05       (0.05 )(a)     1.90       1.85             (0.72 )     (0.72 )     13.18       15.54     407       1.39       (0.47 )     2.37       346  
Period Ended May 31, 2004
    11.35       (0.05 )(a)     1.00       0.95             (0.25 )     (0.25 )     12.05       8.48     155       1.55       (0.67 )     10.70 (c)     344  
C Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    11.10       (0.02 )     (1.17 )     (1.19 )                       9.91       (10.68 )   633       1.95       (0.32 )     1.96       203  
Year Ended March 31, 2008
    13.61       (0.05 )(a)     (0.81 )     (0.86 )     (b)     (1.65 )     (1.65 )(b)     11.10       (7.62 )   975       1.92       (0.38 )     1.92       399  
Year Ended March 31, 2007
    13.37       (0.07 )(a)     0.68       0.61             (0.37 )     (0.37 )     13.61       4.60     1,255       1.92       (0.54 )     1.92       450  
Year Ended March 31, 2006
    13.03       (0.13 )(a)     1.53       1.40             (1.06 )     (1.06 )     13.37       11.11     1,518       2.00       (0.97 )     2.05       432  
Period Ended March 31, 2005
    12.00       (0.13 )(a)     1.88       1.75             (0.72 )     (0.72 )     13.03       14.76     1,458       2.13       (1.22 )     2.39       346  
Period Ended May 31, 2004
    11.64       (0.11 )(a)     0.72       0.61             (0.25 )     (0.25 )     12.00       5.34     1,573       2.30       (1.42 )     3.09       344  
 
See Notes to Financial Highlights and Notes to Financial Statements.


84


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                               
                                                  Ratio of
   
                                              Ratio of
  Expenses to
   
                                          Ratio
  Net
  Average Net
   
            Net
                            of
  Investment
  Assets
   
            Realized
                            Net
  Income
  (Excluding
   
            and
          Distributions
      Net
        Expenses
  (Loss)
  Waivers,
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
        to
  to
  Reimbursements
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
    Net Assets,
  Average
  Average
  and
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
End of
  Net
  Net
  Expense
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1) Period (000)   Assets(2)   Assets(2)   Offset)(2)   Rate(3)
Large Cap Value Equity Fund
                                                                                                             
I Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
  $ 12.35     $ 0.13     $ (1.14 )   $ (1.01 )   $ (0.13 )   $     $ (0.13 )   $ 11.21       (8.25 )% $ 1,123,136       0.81 %     2.19 %     0.81 %     66 %
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  
Period Ended March 31, 2005
    11.47       0.15       1.15       1.30       (0.18 )           (0.18 )     12.59       11.42     792,677       0.86       1.52       0.86       87  
Year Ended May 31, 2004
    9.73       0.15 (a)     1.74       1.89       (0.15 )           (0.15 )     11.47       19.58     715,928       0.90       1.40       0.90       67  
Year Ended May 31, 2003
    11.05       0.15       (1.33 )     (1.18 )     (0.14 )           (0.14 )     9.73       (10.54 )   681,899       0.89       1.68       0.89       46  
A Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    12.30       0.12       (1.14 )     (1.02 )     (0.11 )           (0.11 )     11.17       (8.35 )   39,334       1.11       1.90       1.11       66  
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  
Period Ended March 31, 2005
    11.43       0.11       1.16       1.27       (0.14 )           (0.14 )     12.56       11.18     75,462       1.20       1.18       1.20       87  
Year Ended May 31, 2004
    9.70       0.11 (a)     1.73       1.84       (0.11 )           (0.11 )     11.43       19.10     73,257       1.28       1.01       1.31       67  
Year Ended May 31, 2003
    11.01       0.12       (1.32 )     (1.20 )     (0.11 )           (0.11 )     9.70       (10.85 )   65,294       1.28       1.29       1.32       46  
C Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    12.16       0.07       (1.13 )     (1.06 )     (0.06 )           (0.06 )     11.04       (8.71 )   24,162       1.81       1.20       1.81       66  
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  
Period Ended March 31, 2005
    11.31       0.03       1.15       1.18       (0.06 )           (0.06 )     12.43       10.46     53,147       1.88       0.49       1.89       87  
Year Ended May 31, 2004
    9.60       0.03 (a)     1.72       1.75       (0.04 )           (0.04 )     11.31       18.27     57,403       2.02       0.27       2.07       67  
Year Ended May 31, 2003
    10.90       0.05       (1.31 )     (1.26 )     (0.04 )           (0.04 )     9.60       (11.56 )   49,007       2.02       0.55       2.10       46  
Mid-Cap Core Equity Fund
                                                                                                             
I Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    11.26       0.05       (1.21 )     (1.16 )     (0.03 )           (0.03 )     10.07       (10.33 )   130,177       1.08       0.77       1.08       26  
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  
Period Ended March 31, 2005
    10.32       0.07       1.70       1.77       (0.06 )           (0.06 )     12.03       17.17     214,660       1.20       0.64       1.22       68  
Year Ended May 31, 2004
    8.74       0.06 (a)     1.57       1.63       (0.05 )           (0.05 )     10.32       18.70     177,128       1.23       0.64       1.26       126  
Year Ended May 31, 2003
    9.79       (0.03 )(a)     (1.02 )*     (1.05 )*                       8.74       (10.73 )   118,092       1.22       (0.31 )     1.25       144  
A Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    10.70       0.03       (1.15 )     (1.12 )     (0.01 )           (0.01 )     9.57       (10.45 )   6,788       1.38       0.49       1.38       26  
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  
Period Ended March 31, 2005
    9.92       0.02       1.64       1.66       (0.01 )           (0.01 )     11.57       16.79     14,556       1.63       0.21       1.68       68  
Year Ended May 31, 2004
    8.42       0.02 (a)     1.51       1.53       (0.03 )           (0.03 )     9.92       18.16     17,125       1.68       0.20       1.87       126  
Year Ended May 31, 2003
    9.47       (0.05 )(a)     (1.00 )     (1.05 )                       8.42       (11.09 )   12,137       1.68       (0.68 )     1.92       144  
C Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    9.66       (0.01 )     (1.03 )     (1.04 )                       8.62       (10.77 )   5,516       2.08       (0.22 )     2.08       26  
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  
Period Ended March 31, 2005
    9.30       0.01       1.50       1.51                         10.81       16.24     14,557       2.21       (0.37 )     2.28       68  
Year Ended May 31, 2004
    7.92       (0.04 )(a)     1.43       1.39       (0.01 )           (0.01 )     9.30       17.51     15,998       2.28       (0.41 )     2.54       126  
Year Ended May 31, 2003
    8.97       (0.10 )(a)     (0.95 )     (1.05 )                       7.92       (11.71 )   12,013       2.28       (1.33 )     2.60       144  
 
See Notes to Financial Highlights and Notes to Financial Statements.


85


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                               
                                                  Ratio of
   
                                              Ratio of
  Expenses to
   
                                          Ratio
  Net
  Average Net
   
            Net
                            of
  Investment
  Assets
   
            Realized
                            Net
  Income
  (Excluding
   
            and
          Distributions
      Net
        Expenses
  (Loss)
  Waivers,
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
        to
  to
  Reimbursements
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
    Net Assets,
  Average
  Average
  and
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
End of
  Net
  Net
  Expense
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1) Period (000)   Assets(2)   Assets(2)   Offset)(2)   Rate(3)
                                                                                                               
Mid-Cap Value Equity Fund(4)
                                                                                                             
I Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
  $ 9.58     $ 0.08 (a)   $ (0.56 )   $ (0.48 )   $ (0.06 )   $     $ (0.06 )   $ 9.04       (5.02 )% $ 279,347       1.06 %     1.59 %     1.06 %     113 %
Year Ended March 31, 2008
    13.02       0.19 (a)     (1.18 )     (0.99 )     (0.23 )(b)     (2.22 )     (2.45 )(b)     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  
Period Ended March 31, 2005
    10.95       0.11       1.33       1.44       (0.12 )           (0.12 )     12.27       13.25     209,088       1.22       1.19       1.32       117  
Year Ended May 31, 2004
    8.62       0.05 (a)     2.33       2.38       (0.05 )           (0.05 )     10.95       27.71     147,185       1.26       0.53       1.36       95  
Year Ended May 31, 2003
    10.95       0.05       (2.16 )     (2.11 )     (0.04 )     (0.18 )     (0.22 )     8.62       (19.05 )   99,854       1.25       0.63       1.35       71  
A Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    9.53       0.06 (a)     (0.54 )     (0.48 )     (0.05 )           (0.05 )     9.00       (5.11 )   4,663       1.36       1.19       1.36       113  
Year Ended March 31, 2008
    12.97       0.12 (a)     (1.14 )     (1.02 )     (0.20 )(b)     (2.22 )     (2.42 )(b)     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  
Period Ended March 31, 2005
    10.94       0.08       1.31       1.39       (0.09 )           (0.09 )     12.24       12.73     1,724       1.62       0.74       1.93       117  
Period Ended May 31, 2004
    9.39       0.02 (a)     1.55       1.57       (0.02 )           (0.02 )     10.94       16.73     610       1.60       0.24       4.23       95  
C Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    9.47       0.03 (a)     (0.54 )     (0.51 )     (0.01 )           (0.01 )     8.95       (5.37 )   3,172       2.06       0.56       2.06       113  
Year Ended March 31, 2008
    12.91       0.07 (a)     (1.18 )     (1.11 )     (0.11 )(b)     (2.22 )     (2.33 )(b)     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  
Period Ended March 31, 2005
    10.90       0.04       1.32       1.36       (0.05 )           (0.05 )     12.21       12.47     6,888       1.91       0.54       2.39       117  
Year Ended May 31, 2004
    8.58       (0.01 )(a)     2.33       2.32                         10.90       27.06     7,880       1.90       (0.11 )     2.74       95  
Year Ended May 31, 2003
    10.92       0.01       (2.16 )     (2.15 )     (0.01 )     (0.18 )     (0.19 )     8.58       (19.58 )   5,744       1.90       0.03       2.85       71  
Real Estate 130/30 Fund(4)(6)
                                                                                                             
I Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    10.28       0.10       (0.48 )     (0.38 )     (0.07 )           (0.07 )     9.83       (3.64 )   5,033       1.44       2.02       4.17       139  
Period Ended March 31, 2008
    10.00       0.10       0.25       0.35       (0.07 )           (0.07 )     10.28       3.47     5,173       1.45       1.74       3.42 (c)     70  
C Shares
                                                                                                             
Period Ended September 30, 2008Ù
    10.80       0.06       (0.99 )     (0.93 )     (0.04 )           (0.04 )     9.83       (8.64 )   5       2.45       1.57       5.43       139  
 
See Notes to Financial Highlights and Notes to Financial Statements.


86


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                               
                                                  Ratio of
   
                                              Ratio of
  Expenses to
   
                                          Ratio
  Net
  Average Net
   
            Net
                            of
  Investment
  Assets
   
            Realized
                            Net
  Income
  (Excluding
   
            and
          Distributions
      Net
        Expenses
  (Loss)
  Waivers,
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
        to
  to
  Reimbursements
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
    Net Assets,
  Average
  Average
  and
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
End of
  Net
  Net
  Expense
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1) Period (000)   Assets(2)   Assets(2)   Offset)(2)   Rate(3)
                                                                                                               
Select Large Cap Growth Stock Fund(4)
                                                                                                             
I Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
  $ 28.32     $ 0.02 (a)   $ (2.88 )   $ (2.86 )   $ (0.02 )   $     $ (0.02 )   $ 25.44       (10.10 )% $ 89,857       0.94 %     0.28 %     0.95 %     33 %
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  
Period Ended March 31, 2005
    23.31       0.10 (a)     0.77       0.87       (0.04 )           (0.04 )     24.14       3.74     98,982       1.22       0.52       1.25       51  
Year Ended May 31, 2004
    20.78       (0.06 )(a)     2.59       2.53                         23.31       12.18     144,732       1.25       (0.28 )     1.25       49  
Year Ended May 31, 2003
    23.25       (a)     (2.47 )     (2.47 )                       20.78       (10.62 )   198,429       1.24       (0.01 )     1.24       58  
A Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    28.06       (a)     (2.87 )     (2.87 )                       25.19       (10.23 )   621       1.24       (0.02 )     1.24       33  
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  
Period Ended March 31, 2005
    23.26       0.03 (a)     0.77       0.80       (0.04 )           (0.04 )     24.02       3.42     667       1.62       0.13       2.00       51  
Period Ended May 31, 2004
    22.32       (0.10 )(a)     1.04       0.94                         23.26       4.21     365       1.65       (0.71 )     4.48 (c)     49  
C Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    25.98       (0.09 )(a)     (2.65 )     (2.74 )                       23.24       (10.55 )   21,446       1.94       (0.72 )     1.94       33  
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  
Period Ended March 31, 2005
    22.04       (0.09 )(a)     0.72       0.63                         22.67       2.86     67,950       2.23       (0.47 )     2.28       51  
Year Ended May 31, 2004
    19.85       (0.29 )(a)     2.48       2.19                         22.04       11.03     92,966       2.31       (1.34 )     2.41       49  
Year Ended May 31, 2003
    22.45       (0.20 )(a)     (2.40 )     (2.60 )                       19.85       (11.58 )   110,085       2.31       (1.07 )     2.40       58  
Small Cap Growth Stock Fund
                                                                                                             
I Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    13.53       (0.02 )     (0.37 )     (0.39 )                       13.14       (2.88 )   459,241       1.20       (0.32 )     1.21       71  
Year Ended March 31, 2008
    20.61       (0.11 )(a)     (0.33 )     (0.44 )           (6.64 )(b)     (6.64 )(b)     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  
Period Ended March 31, 2005
    20.25       (0.08 )(a)     2.27       2.19             (2.45 )     (2.45 )     19.99       10.60     940,775       1.22       (0.46 )     1.22       70  
Year Ended May 31, 2004
    15.19       (0.16 )(a)     5.22       5.06                         20.25       33.31     789,650       1.25       (0.83 )     1.25       107  
Year Ended May 31, 2003
    17.28       (0.12 )(a)     (1.72 )     (1.84 )           (0.25 )     (0.25 )     15.19       (10.50 )   567,714       1.24       (0.87 )     1.24       96  
A Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    12.88       (0.04 )     (0.36 )     (0.40 )                       12.48       (3.11 )   14,133       1.50       (0.62 )     1.51       71  
Year Ended March 31, 2008
    19.96       (0.16 )(a)     (0.28 )     (0.44 )           (6.64 )(b)     (6.64 )(b)     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  
Period Ended March 31, 2005
    19.92       (0.14 )(a)     2.23       2.09             (2.45 )     (2.45 )     19.56       10.26     38,954       1.61       (0.84 )     1.73       70  
Year Ended May 31, 2004
    15.00       (0.22 )(a)     5.14       4.92                         19.92       32.80     40,590       1.61       (1.20 )     1.88       107  
Year Ended May 31, 2003
    17.12       (0.17 )(a)     (1.70 )     (1.87 )           (0.25 )     (0.25 )     15.00       (10.77 )   21,887       1.61       (1.23 )     1.93       96  
C Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    11.38       (0.09 )     (0.30 )     (0.39 )                       10.99       (3.43 )   12,097       2.20       (1.32 )     2.20       71  
Year Ended March 31, 2008
    18.46       (0.27 )(a)     (0.17 )     (0.44 )           (6.64 )(b)     (6.64 )(b)     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  
Period Ended March 31, 2005
    19.06       (0.23 )(a)     2.13       1.90             (2.45 )     (2.45 )     18.51       9.71     35,322       2.22       (1.46 )     2.24       70  
Year Ended May 31, 2004
    14.45       (0.34 )(a)     4.95       4.61                         19.06       31.90     40,354       2.31       (1.90 )     2.40       107  
Year Ended May 31, 2003
    16.62       (0.26 )(a)     (1.66 )     (1.92 )           (0.25 )     (0.25 )     14.45       (11.40 )   25,601       2.31       (1.93 )     2.46       96  
 
See Notes to Financial Highlights and Notes to Financial Statements.


87


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                               
                                                  Ratio of
   
                                              Ratio of
  Expenses to
   
                                          Ratio
  Net
  Average Net
   
            Net
                            of
  Investment
  Assets
   
            Realized
                            Net
  Income
  (Excluding
   
            and
          Distributions
      Net
        Expenses
  (Loss)
  Waivers,
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
        to
  to
  Reimbursements
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
    Net Assets,
  Average
  Average
  and
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
End of
  Net
  Net
  Expense
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1) Period (000)   Assets(2)   Assets(2)   Offset)(2)   Rate(3)
                                                                                                               
Small Cap Value Equity Fund(4)
                                                                                                             
I Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
  $ 11.17     $ 0.10     $ 0.02     $ 0.12     $ (0.10 )   $     $ (0.10 )   $ 11.19       1.05 % $ 439,857       1.20 %     1.71 %     1.21 %     18 %
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  
Period Ended March 31, 2005
    18.26       0.04 (a)     3.15       3.19       (0.06 )     (1.53 )     (1.59 )     19.86       17.57     726,904       1.21       0.22       1.21       17  
Year Ended May 31, 2004
    13.73       0.06 (a)     4.53       4.59       (0.06 )           (0.06 )     18.26       33.56     682,567       1.25       0.38       1.25       44  
Year Ended May 31, 2003
    14.54       0.08       (0.82 )     (0.74 )     (0.07 )           (0.07 )     13.73       (5.09 )   518,468       1.24       0.64       1.24       29  
A Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    11.03       0.08       0.02       0.10       (0.08 )           (0.08 )     11.05       0.92     4,239       1.47       1.43       1.47       18  
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  
Period Ended March 31, 2005
    18.18       (0.01 )(a)     3.13       3.12       (0.02 )     (1.53 )     (1.55 )     19.75       17.26     4,616       1.47       (0.05 )     1.61       17  
Period Ended May 31, 2004
    15.75       0.03 (a)     2.41       2.44       (0.01 )           (0.01 )     18.18       15.51     4,088       1.55       0.30       2.15       44  
C Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    10.65       0.07       0.01       0.08       (0.07 )           (0.07 )     10.66       0.76     19,226       1.69       1.21       1.70       18  
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  
Period Ended March 31, 2005
    17.91       (0.01 )(a)     3.09       3.08       (0.01 )     (1.53 )     (1.54 )     19.45       17.27     43,664       1.50       (0.07 )     2.25       17  
Year Ended May 31, 2004
    13.55       (0.10 )(a)     4.46       4.36                         17.91       32.20     46,192       2.26       (0.64 )     2.45       44  
Year Ended May 31, 2003
    14.43       (0.04 )     (0.84 )     (0.88 )                       13.55       (6.10 )   34,064       2.31       (0.40 )     2.50       29  
U.S. Equity 130/30 Fund(4)(6)
                                                                                                             
I Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    8.75       0.02       (0.85 )     (0.83 )     (0.02 )           (0.02 )     7.90       (9.55 )   3,966       1.29       0.31       3.51       20  
Period Ended March 31, 2008
    10.00       0.01       (1.25 )     (1.24 )     (0.01 )           (0.01 )     8.75       (12.39 )   4,381       1.30       0.48       3.49       87  
Life Vision Aggressive Growth Fund(4)(5)
                                                                                                             
I Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    10.37       0.05       (1.11 )     (1.06 )     (0.07 )           (0.07 )     9.24       (10.29 )   19,459       0.20       0.76       0.22       15  
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  
Period Ended March 31, 2005†
    10.25       0.09       0.85       0.94       (0.12 )           (0.12 )     11.07       9.15     43,283       0.21       0.98       0.34       29  
Year Ended May 31, 2004
    8.55       0.04 (a)     1.70       1.74       (0.04 )**           (0.04 )**     10.25       20.34     38,468       0.25       0.39       0.39       44  
Year Ended May 31, 2003
    9.57       0.03       (1.02 )     (0.99 )     (0.03 )           (0.03 )     8.55       (10.36 )   28,681       0.25       0.33       0.40       50  
A Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    10.33       0.03       (1.10 )     (1.07 )     (0.05 )           (0.05 )     9.21       (10.37 )   2,641       0.50       0.49       0.52       15  
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  
Period Ended March 31, 2005†
    10.23       0.06       0.85       0.91       (0.09 )           (0.09 )     11.05       8.90     2,080       0.55       0.86       1.01       29  
Period Ended May 31, 2004
    9.46       (0.01 )(a)     0.81       0.80       (0.03 )           (0.03 )     10.23       8.43     867       0.51       (0.24 )     5.15       44  
 
See Notes to Financial Highlights and Notes to Financial Statements.


88


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                               
                                                  Ratio of
   
                                              Ratio of
  Expenses to
   
                                          Ratio
  Net
  Average Net
   
            Net
                            of
  Investment
  Assets
   
            Realized
                            Net
  Income
  (Excluding
   
            and
          Distributions
      Net
        Expenses
  (Loss)
  Waivers,
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
        to
  to
  Reimbursements
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
    Net Assets,
  Average
  Average
  and
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
End of
  Net
  Net
  Expense
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1) Period (000)   Assets(2)   Assets(2)   Offset)(2)   Rate(3)
Life Vision Aggressive Growth Fund(4)(5)
                                                                                                             
B Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
  $ 10.19     $ 0.01     $ (1.09 )   $ (1.08 )   $ (0.03 )   $     $ (0.03 )   $ 9.08       (10.63 )% $ 3,546       0.95 %     0.03 %     0.97 %     15 %
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  
Period Ended March 31, 2005†
    10.18       0.03       0.83       0.86       (0.06 )           (0.06 )     10.98       8.44     5,452       1.03       0.19       1.40       29  
Year Ended May 31, 2004
    8.53       (0.04 )(a)     1.70       1.66       (0.01 )           (0.01 )     10.18       19.49     4,367       1.00       (0.36 )     1.95       44  
Period Ended May 31, 2003
    7.23       (0.01 )     1.31       1.30                         8.53       18.03     1,052       0.89       (0.86 )     1.36       50  
C Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    10.29       (0.01 )     (1.09 )     (1.10 )     (0.02 )           (0.02 )     9.17       (10.71 )   1,487       1.20       (0.21 )     1.22       15  
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  
Period Ended March 31, 2006†
    11.07       0.01 (a)     1.46       1.47       (0.08 )     (0.13 )     (0.21 )     12.33       13.40     1,146       1.17       0.03       1.22       31  
Life Vision Conservative Fund(4)(5)
                                                                                                             
I Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    11.11       0.19 (a)     (0.53 )     (0.34 )     (0.28 )           (0.28 )     10.49       (3.12 )   4,837       0.20       3.52       0.30       23  
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  
Period Ended March 31, 2005†
    10.87       0.27       0.29       0.56       (0.30 )     (0.04 )     (0.34 )     11.09       5.18     414       0.17       3.18       1.52       121  
Period Ended May 31, 2004
    10.71       0.15 (a)     0.14       0.29       (0.13 )           (0.13 )     10.87       2.68     30       0.25       2.41       85.33 (c)     138  
A Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    11.12       0.18 (a)     (0.54 )     (0.36 )     (0.26 )           (0.26 )     10.50       (3.28 )   562       0.50       3.21       0.60       23  
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  
Period Ended March 31, 2005†
    10.86       0.23       0.30       0.53       (0.26 )     (0.04 )     (0.30 )     11.09       4.88     606       0.56       2.50       1.51       121  
Period Ended May 31, 2004
    10.68       0.12 (a)     0.18       0.30       (0.12 )           (0.12 )     10.86       2.82     474       0.57       2.06       4.00       138  
B Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    11.10       0.15 (a)     (0.52 )     (0.37 )     (0.24 )           (0.24 )     10.49       (3.42 )   3,959       0.95       2.77       1.05       23  
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  
Period Ended March 31, 2005†
    10.86       0.19       0.30       0.49       (0.22 )     (0.04 )     (0.26 )     11.09       4.50     5,635       0.96       2.11       1.67       121  
Year Ended May 31, 2004
    10.43       0.17 (a)     0.39       0.56       (0.13 )           (0.13 )     10.86       5.38     5,012       0.95       1.54       1.81       138  
Period Ended May 31, 2003
    10.00       0.01       0.42       0.43                         10.43       4.30     800       0.92       0.85       1.39       160  
C Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    11.09       0.14 (a)     (0.54 )     (0.40 )     (0.22 )           (0.22 )     10.47       (3.63 )   898       1.20       2.52       1.30       23  
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.


89


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                               
                                                  Ratio of
   
                                              Ratio of
  Expenses to
   
                                          Ratio
  Net
  Average Net
   
            Net
                            of
  Investment
  Assets
   
            Realized
                            Net
  Income
  (Excluding
   
            and
          Distributions
      Net
        Expenses
  (Loss)
  Waivers,
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
        to
  to
  Reimbursements
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
    Net Assets,
  Average
  Average
  and
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
End of
  Net
  Net
  Expense
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1) Period (000)   Assets(2)   Assets(2)   Offset)(2)   Rate(3)
Life Vision Growth and Income Fund(4)(5)
                                                                                                             
I Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
  $ 11.31     $ 0.11     $ (0.96 )   $ (0.85 )   $ (0.14 )   $     $ (0.14 )   $ 10.32       (7.58 )% $ 53,463       0.18 %     1.84 %     0.19 %     14 %
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  
Period Ended March 31, 2005†
    10.76       0.14       0.69       0.83       (0.18 )           (0.18 )     11.41       7.77     87,520       0.22       1.60       0.33       59  
Year Ended May 31, 2004
    9.33       0.14 (a)     1.43       1.57       (0.14 )           (0.14 )     10.76       16.92     75,083       0.25       1.38       0.36       97  
Year Ended May 31, 2003
    9.98       0.13       (0.65 )     (0.52 )     (0.13 )           (0.13 )     9.33       (5.16 )   59,449       0.25       1.46       0.37       139  
A Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    11.28       0.09       (0.95 )     (0.86 )     (0.12 )           (0.12 )     10.30       (7.66 )   4,041       0.48       1.53       0.49       14  
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  
Period Ended March 31, 2005†
    10.75       0.11       0.68       0.79       (0.15 )           (0.15 )     11.39       7.37     3,575       0.57       1.33       0.91       59  
Period Ended May 31, 2004
    10.18       0.06 (a)     0.58       0.64       (0.07 )           (0.07 )     10.75       6.32     1,426       0.56       1.04       1.95       97  
B Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    11.27       0.07       (0.95 )     (0.88 )     (0.10 )           (0.10 )     10.29       (7.89 )   11,745       0.93       1.08       0.94       14  
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  
Period Ended March 31, 2005†
    10.74       0.06       0.69       0.75       (0.10 )           (0.10 )     11.39       7.00     16,641       1.01       0.83       1.34       59  
Year Ended May 31, 2004
    9.34       0.07 (a)     1.42       1.49       (0.09 )           (0.09 )     10.74       15.99     13,060       1.00       0.63       1.61       97  
Period Ended May 31, 2003
    8.10       0.02       1.24       1.26       (0.02 )           (0.02 )     9.34       15.57     2,017       0.90       0.39       1.34       139  
C Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    11.22       0.05       (0.95 )     (0.90 )     (0.08 )           (0.08 )     10.24       (8.04 )   4,388       1.18       0.84       1.19       14  
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  
Life Vision Moderate Growth Fund(4)(5)
                                                                                                             
I Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    10.38       0.14       (0.71 )     (0.57 )     (0.19 )           (0.19 )     9.62       (5.58 )   118,483       0.19       2.48       0.19       14  
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  
Period Ended March 31, 2005†
    10.06       0.18       0.52       0.70       (0.22 )     (0.05 )     (0.27 )     10.49       6.98     132,522       0.21       2.10       0.32       83  
Year Ended May 31, 2004
    9.02       0.16 (a)     1.04       1.20       (0.16 )           (0.16 )     10.06       13.35     121,659       0.25       1.65       0.36       109  
Year Ended May 31, 2003
    9.40       0.16       (0.38 )     (0.22 )     (0.16 )           (0.16 )     9.02       (2.21 )   93,722       0.25       1.87       0.36       101  
A Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    10.37       0.11       (0.70 )     (0.59 )     (0.17 )           (0.17 )     9.61       (5.73 )   7,856       0.49       2.19       0.49       14  
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  
Period Ended March 31, 2005†
    10.05       0.15       0.52       0.67       (0.19 )     (0.05 )     (0.24 )     10.48       6.74     8,161       0.47       1.91       0.87       83  
Period Ended May 31, 2004
    9.58       0.10 (a)     0.45       0.55       (0.08 )           (0.08 )     10.05       5.79     3,541       0.55       1.49       1.27       109  
 
See Notes to Financial Highlights and Notes to Financial Statements.


90


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                               
                                                  Ratio of
   
                                              Ratio of
  Expenses to
   
                                          Ratio
  Net
  Average Net
   
            Net
                            of
  Investment
  Assets
   
            Realized
                            Net
  Income
  (Excluding
   
            and
          Distributions
      Net
        Expenses
  (Loss)
  Waivers,
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
        to
  to
  Reimbursements
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
    Net Assets,
  Average
  Average
  and
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
End of
  Net
  Net
  Expense
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1) Period (000)   Assets(2)   Assets(2)   Offset)(2)   Rate(3)
Life Vision Moderate Growth Fund(4)(5)
                                                                                                             
B Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
  $ 10.34     $ 0.09     $ (0.71 )   $ (0.62 )   $ (0.15 )   $     $ (0.15 )   $ 9.57       (6.07 )% $ 8,610       0.94 %     1.74 %     0.94 %     14 %
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  
Period Ended March 31, 2005†
    10.03       0.11       0.52       0.63       (0.15 )     (0.05 )     (0.20 )     10.46       6.28     14,797       0.92       1.37       1.35       83  
Year Ended May 31, 2004
    9.00       0.09 (a)     1.04       1.13       (0.10 )           (0.10 )     10.03       12.66     13,236       1.00       0.91       1.56       109  
Period Ended May 31, 2003
    8.05       0.03       0.95       0.98       (0.03 )           (0.03 )     9.00       12.22     2,691       0.91       0.93       1.34       101  
C Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    10.34       0.08       (0.70 )     (0.62 )     (0.14 )           (0.14 )     9.58       (6.09 )   17,258       1.19       1.50       1.19       14  
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  
Life Vision Target Date 2015 Fund(4)(5)
                                                                                                             
I Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    10.63       0.07       (0.85 )     (0.78 )     (0.11 )           (0.11 )     9.74       (7.40 )   2,998       0.18       1.71       0.45       35  
Year Ended March 31, 2008
    11.56       0.23       (0.67 )     (0.44 )     (0.40 )     (0.09 )     (0.49 )     10.63       (4.19 )   3,150       0.18       1.80       0.97       196  
Year Ended March 31, 2007
    10.86       0.21 (a)     0.77       0.98       (0.26 )     (0.02 )     (0.28 )     11.56       9.18     2,067       0.20       1.87       2.20       67  
Period Ended March 31, 2006†
    10.00       0.09 (a)     0.90       0.99       (0.13 )           (0.13 )     10.86       9.94     270       0.20       1.80       13.92 (c)     25  
A Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    10.61       0.06       (0.85 )     (0.79 )     (0.10 )           (0.10 )     9.72       (7.54 )   39       0.49       1.50       0.73       35  
Year Ended March 31, 2008
    11.56       0.22       (0.70 )     (0.48 )     (0.38 )     (0.09 )     (0.47 )     10.61       (4.55 )   18       0.48       1.69       1.25       196  
Period Ended March 31, 2007
    11.42       0.05 (a)     0.11       0.16       (0.02 )           (0.02 )     11.56       1.43     2       0.50       1.64       2.36 (c)     67  
Life Vision Target Date 2025 Fund(4)(5)
                                                                                                             
I Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    10.84       0.07 (a)     (1.02 )     (0.95 )     (0.08 )           (0.08 )     9.81       (8.77 )   4,318       0.19       1.27       0.35       37  
Year Ended March 31, 2008
    11.93       0.15 (a)     (0.67 )     (0.52 )     (0.41 )     (0.16 )     (0.57 )     10.84       (4.81 )   5,770       0.20       1.28       0.46       67  
Year Ended March 31, 2007
    11.11       0.15 (a)     0.91       1.06       (0.23 )     (0.01 )     (0.24 )     11.93       9.64     4,704       0.20       1.28       1.28       48  
Period Ended March 31, 2006†
    10.00       0.09 (a)     1.14       1.23       (0.12 )           (0.12 )     11.11       12.33     1,110       0.20       1.86       11.64 (c)     17  
A Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    10.83       0.05 (a)     (1.01 )     (0.96 )     (0.06 )           (0.06 )     9.81       (8.86 )   29       0.49       0.85       0.65       37  
Year Ended March 31, 2008
    11.93       0.12 (a)     (0.67 )     (0.55 )     (0.39 )     (0.16 )     (0.55 )     10.83       (5.11 )   48       0.50       1.01       0.76       67  
Period Ended March 31, 2007
    10.82       0.07 (a)     1.23       1.30       (0.18 )     (0.01 )     (0.19 )     11.93       12.01     45       0.50       0.86       2.00       48  
Life Vision Target Date 2035 Fund(4)(5)
                                                                                                             
I Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    10.65       0.05 (a)     (1.08 )     (1.03 )     (0.06 )           (0.06 )     9.56       (9.68 )   2,628       0.18       0.94       0.48       24  
Year Ended March 31, 2008
    11.64       0.16 (a)     (0.66 )     (0.50 )     (0.33 )     (0.16 )     (0.49 )     10.65       (4.70 )   2,908       0.18       1.32       0.99       53  
Year Ended March 31, 2007
    10.89       0.12 (a)     0.90       1.02       (0.22 )     (0.05 )     (0.27 )     11.64       9.41     1,318       0.20       1.05       2.45       50  
Period Ended March 31, 2006†
    10.00       0.07 (a)     0.94       1.01       (0.12 )           (0.12 )     10.89       10.14     590       0.20       1.41       10.98 (c)     40  
A Shares
                                                                                                             
Six Months Ended September 30, 2008Ù
    10.64       0.03 (a)     (1.07 )     (1.04 )     (0.05 )           (0.05 )     9.55       (9.84 )   15       0.49       0.59       0.78       24  
Year Ended March 31, 2008
    11.64       0.18 (a)     (0.71 )     (0.53 )     (0.31 )     (0.16 )     (0.47 )     10.64       (5.00 )   20       0.47       1.51       1.20       53  
Period Ended March 31, 2007
    11.07       0.08 (a)     0.73       0.81       (0.19 )     (0.05 )     (0.24 )     11.64       7.39     4       0.50       0.77       4.75       50  
 
See Notes to Financial Highlights and Notes to Financial Statements.


91


 

 
NOTES TO FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
 
 
(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 a year.
 
(4)
The following table details the commencement of operations of certain classes of each respective fund.
 
         
Fund
  Class   Commencement Date
Aggressive Growth Stock Fund
  I Shares   February 23, 2004
Aggressive Growth Stock Fund
  A Shares   February 23, 2004
Aggressive Growth Stock Fund
  C Shares   February 23, 2004
Emerging Growth Stock Fund
  I Shares   February 23, 2004
Emerging Growth Stock Fund
  A Shares   February 23, 2004
Emerging Growth Stock Fund
  C Shares   February 27, 2004
International Equity 130/30 Fund
  I Shares   December 26, 2007
International Equity 130/30 Fund
  A Shares   July 2, 2008
International Equity 130/30 Fund
  C Shares   August 21, 2008
Large Cap Quantitative Equity Fund
  I Shares   August 7, 2003
Large Cap Quantitative Equity Fund
  A Shares   October 8, 2003
Large Cap Quantitative Equity Fund
  C Shares   October 13, 2003
Mid-Cap Value Equity Fund
  A Shares   October 27, 2003
Real Estate 130/30 Fund
  I Shares   December 26, 2007
Real Estate 130/30 Fund
  C Shares   May 5, 2008
Select Large Cap Growth Stock Fund
  A Shares   October 14, 2003
Small Cap Value Equity Fund
  A Shares   October 9, 2003
U.S. Equity 130/30 Fund
  I Shares   December 26, 2007
Life Vision Aggressive Growth Fund
  A Shares   October 16, 2003
Life Vision Aggressive Growth Fund
  B Shares   March 11, 2003
Life Vision Aggressive Growth Fund
  C Shares   April 4, 2005
Life Vision Conservative Fund
  I Shares   November 6, 2003
Life Vision Conservative Fund
  A Shares   November 11, 2003
Life Vision Conservative Fund
  B Shares   March 11, 2003
Life Vision Conservative Fund
  C Shares   April 4, 2005
Life Vision Growth and Income Fund
  A Shares   November 5, 2003
Life Vision Growth and Income Fund
  B Shares   March 11, 2003
Life Vision Growth and Income Fund
  C Shares   April 5, 2005
Life Vision Moderate Growth Fund
  A Shares   October 10, 2003
Life Vision Moderate Growth Fund
  B Shares   March 11, 2003
Life Vision Moderate Growth Fund
  C Shares   April 5, 2005
Life Vision Target Date 2015 Fund
  I Shares   October 12, 2005
Life Vision Target Date 2015 Fund
  A Shares   January 4, 2007
Life Vision Target Date 2025 Fund
  I Shares   October 21, 2005
Life Vision Target Date 2025 Fund
  A Shares   July 11, 2006
Life Vision Target Date 2035 Fund
  I Shares   November 2, 2005
Life Vision Target Date 2035 Fund
  A Shares   May 3, 2006
 
(5)
The Life Vision Funds and its shareholders indirectly bear a pro rata share of the expenses of the underlying funds.
The expense ratios do not include such expenses.
 
(6)
The 130/30 Funds’ net expense ratio excludes dividend expense on securities sold short and the gross expense ratio includes dividend expense on securities sold short of 2.08%, 1.59% and 1.53% for the International Equity 130/30 Fund I Shares, A Shares and C Shares, respectively, 1.69% and 1.82% for the Real Estate 130/30 Fund I Shares and C Shares, respectively, and 0.58% for U.S. Equity 130/30 Fund I Shares.
 
(a)
Per share data calculated using average shares outstanding method.
 
(b)
The Large Cap Core Equity Fund, Large Cap Quantitative Equity Fund, Mid-Cap Value Equity Fund and Small Cap Growth Stock Fund include per share distributions from tax return of capital of $—, $—, $(0.05) and $(0.11), respectively.
 
(c)
Ratio reflects the impact of the initial low level of average net assets associated with commencement of operations.
 
Ù
Unaudited.
 
*
Includes redemption fees of $0.01.
 
**
Includes return of capital of $0.03.
 
#
The Fund had a voluntary reimbursement by the Investment Adviser and affiliates that had no effect on total returns for the period.
 
##
The 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 in 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.


92


 

 
NOTES TO FINANCIAL STATEMENTS
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
1.  Organization
 
The RidgeWorth Funds (formerly, The STI Classic Funds) 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 53 funds as of September 30, 2008. 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, Life Vision Aggressive Growth Fund, Life Vision Conservative Fund, Life Vision Growth and Income Fund, Life Vision Moderate Growth Fund, Life Vision Target Date 2015 Fund, Life Vision Target Date 2025 Fund and Life Vision Target Date 2035 Fund (each a “Fund” and collectively the “Funds”). The financial statements of the remaining funds are presented separately. The Funds may offer the following share classes: I Shares, A Shares and C Shares. In addition, the Life Vision Aggressive Growth Fund, Life Vision Conservative Fund, Life Vision Growth and Income Fund and Life Vision Moderate Growth Fund may offer B 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 Distribution and Service Plans, voting rights on matters affecting a single class of shares and sales charges. The A Shares of the Funds (except Life Vision Conservative Fund) have a maximum sales charge on purchases of 5.75% as a percentage of original purchase price. Life Vision Conservative Fund 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 either the original purchase price or the next calculated price after the Funds receive the redemption request, whichever is less, if 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.
 
Investors are not permitted to make new purchases of Class B Shares, except through dividend or distribution reinvestments in Class B Shares and exchanges of Class B Shares of a Fund for Class B Shares of another Fund.
 
The Small Cap Value Equity Fund was closed to new investors between April 30, 2004 and July 31, 2008. Effective August 1, 2008 the Small Cap Value Fund was reopened to new investors.
 
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


93


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
the most recent quoted bid price. 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 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 value.
 
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 will be performed and monitored by a Valuation Committee (the “Committee”) designated by the Board. Some of the more common reasons that may necessitate a security be valued using the 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 the 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 the 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 the net asset value, they 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 designed 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 Fund’s 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, securities and/or groups of securities that may be an indicator that the closing prices received earlier from foreign exchanges or markets may not reflect market value at the time the Fund calculates the net asset value. If price movements in a monitored index or security exceed levels established by the Funds (“Trigger Points”), the Funds may use a systematic valuation model provided by a Fair Value Pricing Service to fair value their international equity securities.
 
The assets of the Life Vision Aggressive Growth Fund, Life Vision Conservative Fund, Life Vision Growth and Income Fund, Life Vision Moderate Growth Fund, Life Vision Target Date 2015 Fund, Life Vision Target Date 2025 Fund and Life Vision Target Date 2035 Fund (the “Life Vision Funds”) consist of investments in underlying investment companies (some of which are affiliated), which are valued at their respective daily net asset values. Recognition of net investment income by the Life Vision Funds is affected by the timing of the declaration of dividends by the underlying securities in which the Life Vision Funds invest. Also, in addition to the Life Vision Funds’ direct expenses, shareholders bear a proportionate share of the underlying funds’ expenses.
 
Effective April 1, 2008, the Funds adopted Statement of Financial Accounting Standards No. 157 (“SFAS No. 157”), “Fair Value Measurements.” This standard establishes a single authoritative definition of fair value, sets out a framework for measuring fair value, and requires additional disclosures about fair value measurements.
 
One key component of SFAS No. 157 is the development of a three-tier fair value hierarchy. The basis of the tiers 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.


94


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
 
  •  Level 2 — other significant observable inputs (including quoted prices for similar securities, interest rates, prepayments 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, money market securities 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.
 
The following is a summary of the inputs used to value the Funds’ investments as of September 30, 2008 (in thousands):
 
                                                                                 
        LEVEL 2 – Other Significant
  LEVEL 3 – Significant
   
    LEVEL 1 – Quoted Prices   Observable Inputs   Unobservable Inputs   Total
        Other
          Other
      Other
      Other
   
    Investments
  Financial
  Securities
  Investments
  Financial
  Investments
  Financial
  Investments
  Financial
  Securities
    in Securities
  Investments
  Sold Short
  in Securities
  Investments
  in Securities
  Investments
  in Securities
  Investments
  Sold Short
Fund Name
  ($)   ($)*   ($)   ($)   ($)*   ($)   ($)*   ($)   ($)*   ($)
 
Aggressive Growth Stock Fund
    309,663                                             309,663              
Emerging Growth Stock Fund
    142,239                                           142,239              
International Equity 130/30 Fund
    118,471             (25,079 )                             118,471             (25,079 )
International Equity Fund
    833,980       (7 )                                   833,980       (7 )      
International Equity Index Fund
    771,938       8                                     771,938       8        
Large Cap Core Equity Fund
    1,264,726                                           1,264,726              
Large Cap Growth Stock Fund
    622,233                                           622,233              
Large Cap Quantitative Equity Fund
    87,034                                           87,034              
Large Cap Value Equity Fund
    1,394,036                                           1,394,036              
Mid-Cap Core Equity Fund
    191,185                                           191,185              
Mid-Cap Value Equity Fund
    374,965                                             374,965              
Real Estate 130/30 Fund
    6,940             (1,454 )                             6,940             (1,454 )
Select Large Cap Growth Stock Fund
    126,648                                           126,648              
Small Cap Growth Stock Fund
    695,939                                           695,939              
Small Cap Value Equity Fund
    657,002                                           657,002              
U.S. Equity 130/30 Fund
    5,126             (1,172 )                             5,126             (1,172 )
Life Vision Aggressive Growth Fund
    27,216                                           27,216              
Life Vision Conservative Fund
    10,228                                           10,228              
Life Vision Growth and Income Fund
    73,831                                           73,831              
Life Vision Moderate Growth Fund
    152,528                                           152,528              
Life Vision Target Date 2015 Fund
    5,907                                           5,907              
Life Vision Target Date 2025 Fund
    7,508                                           7,508              
Life Vision Target Date 2035 Fund
    4,783                                           4,783              
 
  Other financial instruments are derivative instruments not reflected in the Schedules of Portfolio Investments, such as futures, forwards, and swap contracts, which are valued at the unrealized appreciation/(depreciation) on the investment.
 
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 securities sold, adjusted for the accretion or amortization of purchase discounts or premiums during the respective holding period. Dividend income is recorded on the ex-dividend date.
 
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


95


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
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.
 
Forward Foreign Currency Contracts — Each Fund 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. As of September 30, 2008, certain Funds had outstanding forward foreign currency contracts as listed on the Schedules of Portfolio Investments.
 
Securities Lending — Each Fund (except the Life Vision 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 will 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, during the course of the day, 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 the Credit Suisse Enhanced Liquidity Fund (the “Portfolio”). This investment may consist of money market mutual funds registered under the 1940 Act and money market instruments including commercial paper, repurchase agreements, U.S. Treasury Bills and U.S. Agency Obligations. At September 30, 2008, the Portfolio was invested in asset backed securities, commercial paper, corporate bonds, money market mutual funds and repurchase agreements (with interest rates ranging from 2.000% to 7.210% and maturity dates ranging from 10/01/2008 to 03/12/2010).
 
The Funds paid securities lending fees during the six months ended September 30, 2008, which have been netted against Income from Securities Lending on the Statements of Operations. These fees are presented below (in thousands):
 
         
    Fees($)
 
Aggressive Growth Stock Fund
    34  
Emerging Growth Stock Fund
    22  
International Equity Fund
    243  
International Equity Index Fund
    289  
Large Cap Core Equity Fund
    84  
Large Cap Growth Equity Fund
    60  
Large Cap Value Equity Fund
    147  
Mid-Cap Core Equity Fund
    32  
Mid-Cap Value Equity Fund
    92  
Select Large Cap Growth Stock Fund
    5  
Small Cap Growth Stock Fund
    216  
Small Cap Value Equity Fund
    161  


96


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
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 time 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.
 
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. The 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 — If a Fund has a cash overdraft in excess of $100,000 it is 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., on the following business day. If a Fund has a positive cash balance in excess of $100,000 it is 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 are non-interest bearing and are for a duration of one business day. 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 do not have 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 pro-rated to the Funds on the basis of relative net assets or another appropriate basis. Expenses attributable to the Trust and the RidgeWorth Variable Trust (collectively, the “RidgeWorth Complex”) are allocated across the RidgeWorth Complex based upon 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.
 
Redemption Fees — Prior to August 1, 2007, for the International Equity and International Equity Index Funds, a redemption fee of 2% of the value of the shares sold was imposed on shares redeemed within 60 days unless the redemption was excluded under the Funds’ Redemption Fee Policy. On August 1, 2007, the Redemption Fee Policy was removed from the International Equity and International Equity Index Funds. For financial statement purposes, these amounts are recorded as an addition to paid-in capital and are included in the Statements of Changes in Net Assets within “Change in Net Assets from Capital Transactions”. Fees during the year ended March 31, 2008 were $3,035 for the International Equity Fund and $1,463 for the International Equity Index Fund.
 
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, International Equity Index Fund, Real Estate 130/30 Fund and U.S. Equity 130/30 Fund, which distribute income annually. Any net realized


97


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
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.
 
The Trust has adopted FASB Interpretation No. 48, “Accounting for Uncertainty in Income Taxes” (“FIN 48”). FIN 48 provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. FIN 48 requires the affirmative evaluation of tax positions taken or expected to be taken in the course of preparing the Funds’ tax returns 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 or expense 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. Implementation of FIN 48 included a review of tax positions taken in tax years that remain subject to examination by tax authorities. The Funds are subject to federal and various state jurisdictions for income tax purposes. While the statute of limitations remains open to examine the Funds’ U.S. tax returns filed for the past four fiscal years, no examinations are in progress or anticipated at this time. The adoption of FIN 48 did not impact the Trust’s net assets or results of operations. The adoption of FIN 48 requires ongoing monitoring and analysis; future conclusions reached by management may be different and result in adjustments to the Funds’ NAV and 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.
 
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 Banks, Inc., have entered into an investment advisory agreement. The subadvisers for the Funds 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 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 (effective October 1, 2008) are each minority-owned subsidiaries of the Investment Adviser. Each of the other Subadvisers are wholly-owned subsidiaries of the Investment Adviser.


98


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
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 period April 1, 2008 through September 30, 2008 were as follows:
 
                                 
    Maximum
  Discounted
      Net
    Annual
  Annual
  Advisory Fees
  Annual
    Advisory
  Advisory
  Waived/Expenses
  Fees
    Fee(%)*   Fee(%)*   Reimbursed(%)*   Paid(%)*
 
Aggressive Growth Stock Fund
    1.10       1.10             1.10  
Emerging Growth Stock Fund
    1.10       1.10             1.10  
International Equity 130/30 Fund
    1.25       1.25       (0.02 )     1.23  
International Equity Fund
    1.15       1.12             1.12  
International Equity Index Fund
    0.50       0.49             0.49  
Large Cap Core Equity Fund
    0.85       0.81             0.81  
Large Cap Growth Stock Fund
    0.97       0.96             0.96  
Large Cap Quantitative Equity Fund
    0.85       0.85             0.85  
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       (0.98 )     0.27  
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       (1.39 )      
Life Vision Aggressive Growth Fund
    0.10       0.10             0.10  
Life Vision Conservative Fund
    0.10       0.10       (0.07 )     0.03  
Life Vision Growth and Income Fund
    0.10       0.10             0.10  
Life Vision Moderate Growth Fund
    0.10       0.10             0.10  
Life Vision Target Date 2015 Fund
    0.10       0.10       (0.23 )      
Life Vision Target Date 2025 Fund
    0.10       0.10       (0.13 )      
Life Vision Target Date 2035 Fund
    0.10       0.10       (0.28 )      
 
  Aggregate annual fees paid to the Investment Adviser, who pays the applicable subadviser a portion of the fees to serve as the Fund’s Sub-Adviser.
 
Amounts designated as “—” are $0 or have been rounded to $0


99


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
The Investment Adviser and the applicable subadviser have contractually agreed, until at least August 1, 2009 to waive fees and/or reimburse each Fund to the extent necessary to maintain each Fund’s Total Operating Expense (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
        Operating
        Expense(%)
 
International Equity 130/30 Fund
  I Shares     1.55  
International Equity 130/30 Fund
  A Shares     1.85  
International Equity 130/30 Fund
  C Shares     2.55  
Real Estate 130/30 Fund
  I Shares     1.45  
Real Estate 130/30 Fund
  C Shares     2.45  
U.S. Equity 130/30 Fund
  I Shares     1.30  
Life Vision Aggressive Growth Fund
  I Shares     0.20  
Life Vision Aggressive Growth Fund
  A Shares     0.50  
Life Vision Aggressive Growth Fund
  B Shares     0.95  
Life Vision Aggressive Growth Fund
  C Shares     1.20  
Life Vision Conservative Fund
  I Shares     0.20  
Life Vision Conservative Fund
  A Shares     0.50  
Life Vision Conservative Fund
  B Shares     0.95  
Life Vision Conservative Fund
  C Shares     1.20  
Life Vision Growth and Income Fund
  I Shares     0.20  
Life Vision Growth and Income Fund
  A Shares     0.50  
Life Vision Growth and Income Fund
  B Shares     0.95  
Life Vision Growth and Income Fund
  C Shares     1.20  
Life Vision Moderate Growth Fund
  I Shares     0.20  
Life Vision Moderate Growth Fund
  A Shares     0.50  
Life Vision Moderate Growth Fund
  B Shares     0.95  
Life Vision Moderate Growth Fund
  C Shares     1.20  
Life Vision Target Date 2015 Fund
  I Shares     0.20  
Life Vision Target Date 2015 Fund
  A Shares     0.50  
Life Vision Target Date 2025 Fund
  I Shares     0.20  
Life Vision Target Date 2025 Fund
  A Shares     0.50  
Life Vision Target Date 2035 Fund
  I Shares     0.20  
Life Vision Target Date 2035 Fund
  A Shares     0.50  


100


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
Under the Expense Limitation Agreements, the Investment Adviser may retain the difference between the Total Operating Expense identified above and the actual total expense 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 Operating Expense in place at that time. During the six months ended September 30, 2008, 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 September 30, 2008, the cumulative potential reimbursement based on 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):
 
         
    Amount($)
 
International Equity 130/30 Fund
    59  
Real Estate 130/30 Fund
    36  
U.S. Equity 130/30 Fund
    50  
Life Vision Conservative Fund
    44  
Life Vision Target Date 2015 Fund
    60  
Life Vision Target Date 2025 Fund
    52  
Life Vision Target Date 2035 Fund
    57  
 
During the six months ended September 30, 2008, 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 RidgeWorth Complex) 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 $2,930 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 RidgeWorth Complex, including $300,000 towards 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 agreed, under the terms of the Master Services Agreement, to pay certain legal expenses for the benefit of the RidgeWorth Complex relating to administrative service matters. The Master Services Agreement further provides for the Administrator to waive a portion of its fees for the benefit of shareholders. Such payments and fee waivers are expected to total approximately $400,000 to $650,000 annually, and will not be recouped by the Administrator in subsequent years.


101


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
Distribution Agreement — The Trust and RidgeWorth Distributors LCC (the “Distributor”) are parties to a Distribution Agreement. The Distributor receives $3,500 per Fund per annum for its services. Prior to August 20, 2008, Foreside Distribution Services L.P. (“Foreside”) was the distributor for the Funds under a distribution agreement between Foreside and the Investment Adviser. Foreside received $37,500 annually 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 Service Plan, based upon average daily net assets of each respective class, which are computed daily and paid monthly. These fees, expressed as a percentage of average daily net assets, for the six months ended September 30, 2008 were as follows:
 
                         
        Board
  Board
    Board
  Approved and
  Approved
    Approved
  charged
  and Charged
    and Charged
  B Share
  C Share
    A Share
  Distribution
  Distribution
    Distribution
  and Service
  and Service
    Fee(%)   Fee(%)   Fee(%)
 
Aggressive Growth Stock Fund
    0.30       N/A       1.00  
Emerging Growth Stock Fund
    0.30       N/A       1.00  
International Equity 130/30 Fund
    0.30       N/A       1.00  
International Equity Fund
    0.30       N/A       1.00  
International Equity Index Fund
    0.30       N/A       1.00  
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       1.00  
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       1.00  
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       1.00  
Life Vision Aggressive Growth Fund
    0.30       0.75       1.00  
Life Vision Conservative Fund
    0.30       0.75       1.00  
Life Vision Growth and Income Fund
    0.30       0.75       1.00  
Life Vision Moderate Growth Fund
    0.30       0.75       1.00  
Life Vision Target Date 2015 Fund
    0.30       N/A       1.00  
Life Vision Target Date 2025 Fund
    0.30       N/A       1.00  
Life Vision Target Date 2035 Fund
    0.30       N/A       1.00  
 
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.


102


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
Other — Certain officers of the RidgeWorth Complex 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 fee and an additional fee for each meeting attended plus reimbursement for certain expenses incurred. Trustees receive an additional fee for attendance at committee meetings. The current retainer and meeting fees are as follows:
 
                 
    Chairman($)   Trustee($)
 
Annual Retainer
    75,000       60,000  
Regular Meeting Fee
    8,750       7,000  
Special Meeting Fee
    4,375       3,500  
Committee Meeting Fee
    4,500       3,000  
 
The Trust approved a deferred compensation plan for its trustees, effective January 1, 2007. Under that plan, a trustee may elect to defer all or a portion of his or her compensation. Amounts deferred are retained by the Trust, and the value of such deferred amounts is determined by reference to the change in value of Class I Shares of one or more series of the RidgeWorth Funds as specified by the trustee. Benefits under the deferred compensation plan are payable upon retirement. On May 20, 2008, the Board approved the termination of the deferred compensation plan.
 
The Investment Adviser provides services to the RidgeWorth Complex 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 $775,000 for these services. In addition, the Administrator provides an employee and staff to assist the Chief Compliance Officer for the RidgeWorth Complex, including providing certain related services, and receives an annual fee of $156,750 for providing these services. The fees above are allocated based on average daily net assets of the RidgeWorth Complex 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 Banks, Inc., to act as an agent in placing repurchase agreements for the Trust. For the six months ended September 30, 2008, SunTrust Robinson Humphrey, Inc. did not receive any payments from the Funds.


103


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
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 six months ended September 30, 2008 were as follows (in thousands):
 
                 
        Sales and
    Purchases($)   Maturities($)
 
Aggressive Growth Stock Fund
    43,121       74,895  
Emerging Growth Stock Fund
    54,865       48,835  
International Equity 130/30 Fund
    324,738       173,432  
International Equity Fund
    833,828       919,142  
International Equity Index Fund
    79,416       140,497  
Large Cap Core Equity Fund
    612,055       753,422  
Large Cap Growth Stock Fund
    220,385       340,355  
Large Cap Quantitative Equity Fund
    260,216       402,791  
Large Cap Value Equity Fund
    1,065,845       743,933  
Mid-Cap Core Equity Fund
    47,761       90,482  
Mid-Cap Value Equity Fund
    342,411       309,899  
Real Estate 130/30 Fund
    7,186       7,052  
Select Large Cap Growth Stock Fund
    38,663       42,728  
Small Cap Growth Stock Fund
    371,696       400,334  
Small Cap Value Equity Fund
    82,145       133,632  
U.S. Equity 130/30 Fund
    6,085       6,099  
Life Vision Aggressive Growth Fund
    4,688       10,027  
Life Vision Conservative Fund
    2,484       2,945  
Life Vision Growth and Income Fund
    11,503       20,594  
Life Vision Moderate Growth Fund
    23,030       37,592  
Life Vision Target Date 2015 Fund
    5,241       1,935  
Life Vision Target Date 2025 Fund
    5,264       2,741  
Life Vision Target Date 2035 Fund
    3,543       1,073  


104


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
5.  Federal Tax Information
 
At September 30, 2008, 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 September 30, 2008 were as follows (in thousands):
 
                                 
                Net Tax Unrealized
        Tax Unrealized
  Tax Unrealized
  Appreciation/
    Tax Cost($)   Appreciaton($)   (Depreciation)($)   (Depreciation)($)
 
Aggressive Growth Stock Fund
    296,655       48,439       (35,431 )     13,008  
Emerging Growth Stock Fund
    150,672       11,777       (20,210 )     (8,433 )
International Equity 130/30 Fund
    122,467       4,383       (33,458 )     (29,075 )
International Equity Fund
    991,036       28,229       (185,285 )     (157,056 )
International Equity Index Fund
    710,336       166,122       (104,520 )     61,602  
Large Cap Core Equity Fund
    1,222,266       133,084       (90,624 )     42,460  
Large Cap Growth Stock Fund
    610,983       61,328       (50,078 )     11,250  
Large Cap Quantitative Equity Fund
    93,098       2,273       (8,337 )     (6,064 )
Large Cap Value Equity Fund
    1,474,604       51,268       (131,836 )     (80,568 )
Mid-Cap Core Equity Fund
    190,082       15,438       (14,335 )     1,103  
Mid-Cap Value Equity Fund
    404,869       6,688       (36,592 )     (29,904 )
Real Estate 130/30 Fund
    4,986       551       (501 )     50  
Select Large Cap Growth Stock Fund
    125,250       8,997       (7,599 )     1,398  
Small Cap Growth Stock Fund
    706,654       42,932       (53,647 )     (10,715 )
Small Cap Value Equity Fund
    692,783       44,628       (80,409 )     (35,781 )
U.S. Equity 130/30 Fund
    4,645       219       (910 )     (691 )
Life Vision Aggressive Growth Fund
    28,970       1,095       (2,849 )     (1,754 )
Life Vision Conservative Fund
    10,733       86       (591 )     (505 )
Life Vision Growth and Income Fund
    77,088       2,269       (5,526 )     (3,257 )
Life Vision Moderate Growth Fund
    161,127       3,326       (11,925 )     (8,599 )
Life Vision Target Date 2015 Fund
    6,582             (675 )     (675 )
Life Vision Target Date 2025 Fund
    8,836       1       (1,329 )     (1,328 )
Life Vision Target Date 2035 Fund
    5,641       1       (859 )     (858 )
 
Amounts designated as “—” are either $0 or have been rounded to $0.


105


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
The tax character of distributions paid to shareholders during the year ended March 31, 2008 was as follows (in thousands):
 
                                     
    Distributions Paid From            
    Net
  Net Long
      Total
   
    Investment
  Term Capital
  Return of
  Distributions
   
    Income($)   Gains($)   Capital   Paid($)*    
 
Aggressive Growth Stock Fund
      10,377             10,377          
Emerging Growth Stock Fund
  7,505     4,949             12,454          
International Equity 130/30 Fund
                           
International Equity Fund
  47,522     140,332             187,854          
International Equity Index Fund
  27,328                 27,328          
Large Cap Core Equity Fund
  41,636     126,741       33       168,410          
Large Cap Growth Stock Fund
  17,744     171,758             189,502          
Large Cap Quantitative Equity Fund
  25,830     5,909       11       31,750          
Large Cap Value Equity Fund
  85,646     48,500             134,146          
Mid-Cap Core Equity Fund
  10,768     16,027             26,795          
Mid-Cap Value Equity Fund
  48,631     6,221       1,171       56,023          
Real Estate 130/30 Fund
  34                 34          
Select Large Cap Growth Stock Fund
  93                 93          
Small Cap Growth Stock Fund
  52,514     135,932       3,145       191,591          
Small Cap Value Equity Fund
  43,916     122,055             165,971          
U.S. Equity 130/30 Fund
  6                 6          
Life Vision Aggressive Growth Fund
  2,669     5,163             7,832          
Life Vision Conservative Fund
  418     102             520          
Life Vision Growth and Income Fund
  5,334     6,199             11,533          
Life Vision Moderate Growth Fund
  9,354     1,367             10,721          
Life Vision Target Date 2015 Fund
  98     22             120          
Life Vision Target Date 2025 Fund
  208     66             274          
Life Vision Target Date 2035 Fund
  61     29             90          
 
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 either $0 or have been rounded to $0.


106


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
As of March 31, 2008 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
    Income($)   Capital Gains($)   Earnings($)   Other Losses($)*   (Depreciation)($)**   (Deficit)($)
 
Aggressive Growth Stock Fund
          4,919       4,919       (2,232 )     21,603       24,290  
Emerging Growth Stock Fund
    1,204       1,818       3,022             (4,372 )     (1,350 )
International Equity 130/30 Fund
                      (386 )     (265 )     (651 )
International Equity Fund
    1,077       14,300       15,377             97,209       112,586  
International Equity Index Fund
    6,948             6,948       (19,211 )     279,997       267,734  
Large Cap Core Equity Fund
                      (46,373 )     126,956       80,583  
Large Cap Growth Stock Fund
          3,451       3,451             67,404       70,855  
Large Cap Quantitative Equity Fund
                      (12,612 )     (3,988 )     (16,600 )
Large Cap Value Equity Fund
    240             240       (33,578 )     (12,317 )     (45,655 )
Mid-Cap Core Equity Fund
            5,818       5,818             16,743       22,561  
Mid-Cap Value Equity Fund
                      (21,522 )     (24,922 )     (46,444 )
Real Estate 130/30 Fund
    48       27       75             64       139  
Select Large Cap Growth Stock Fund
                      (169,985 )     10,582       (159,403 )
Small Cap Growth Stock Fund
                      (22,151 )     30,015       7,864  
Small Cap Value Equity Fund
    512       6,683       7,195             (34,538 )     (27,343 )
U.S. Equity 130/30 Fund
    2             2       (169 )     (455 )     (622 )
Life Vision Aggressive Growth Fund
    157       4,177       4,334             1,982       6,316  
Life Vision Conservative Fund
    87       119       206             (4 )     202  
Life Vision Growth and Income Fund
    339       8,237       8,576             4,354       12,930  
Life Vision Moderate Growth Fund
    1,648       7,089       8,737             2,518       11,255  
Life Vision Target Date 2015 Fund
    50       78       128             (358 )     (230 )
Life Vision Target Date 2025 Fund
    13       249       262             (709 )     (447 )
Life Vision Target Date 2035 Fund
    7       94       101             (310 )     (209 )
 
* As of the latest tax year end of March 31, 2008, 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:
 
                                         
    Expires
    2009($)   2010($)   2011($)   2012($)   2013($)
 
Aggressive Growth Stock Fund
          1,276 #                  
International Equity Index Fund
                6,860       9,214       3,137  
Select Large Cap Growth Stock Fund
    107,189       52,653       9,527              
 
  As of March 31,2008, the Fund had capital loss carryforwards, subject to certain limitations on availabilit to offeset future capital gains, if any, as the successor of a merger.
 
During the year ended March 31, 2008, the Aggressive Growth Stock Fund, International Equity Index Fund and Select Large Cap Growth Stock Fund utilized $17,547, $26,996 and $7,512 in capital loss carryforwards, respectively (in thousands).
 
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 Aggressive Growth Stock Fund, International Equity 130/30 Fund, Large Cap Core Equity Fund, Large Cap Quantitative Equity Fund, Large Cap Value Equity Fund, Mid-Cap Value Equity Fund, Select Large Cap Growth Stock Fund, Small Cap Growth Stock Fund and U.S. Equity 130/30 Fund have incurred and will elect to defer $956, $386, $46,373, $12,612, $33,578, $21,522, $616, $22,150 and $169, respectively, in thousands, in capital and 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.
 
Amounts designated as “—” are $0 or have been rounded to $0.


107


 

 
NOTES TO FINANCIAL STATEMENTS (concluded)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
6.  Risks
 
The International Equity 130/30 Fund, International Equity Fund and International Equity Index Fund 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.


108


 

TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUND
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
Information pertaining to the trustees of the Trust is set forth below. Trustees who are not deemed to be “interested persons” of the Trust as defined in the 1940 Act are referred to as “Independent Trustees.” Trustees who are deemed to be “interested persons” of the Trust are referred to as “Interested Trustees.”
 
                     
                Number of
   
Name, Business
          Principal
  Portfolios in
   
Address, State of
  Position
  Term of
  Occupation(s)
  Fund
  Other
Residence and
  Held With
  Office and Length
  During the
  Complex
  Directorships
Date of Birth   Trust   of Time Served   Past 5 Years   Overseen   Held
INDEPENDENT TRUSTEES:
                     
Jeffrey Biggar
3435 Stelzer Road
Columbus, OH 43219
(Ohio)
DOB 02/50
  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)   58   None
                     
George C. Guynn
3435 Stelzer Road
Columbus, OH 43219
(Georgia)
DOB 12/42
  Trustee   Indefinite; since
January 2008
  Retired. President (1996-October 2006) and Chief Executive Officer (1995-October 2006) Federal Reserve Bank of Atlanta   58   Genuine Parts Company; Oxford Industries; John Wieland Homes and Neighborhoods, Inc.; Acuity Brands, Inc.
                     
Sidney E. Harris
3435 Stelzer Road
Columbus, OH 43219
(Georgia)
DOB 07/49
  Trustee   Indefinite; since
November 2004
  Professor (since 1997) and Dean (1997-2004), J. Mack Robinson College of Business, Georgia State University   58   Total System Services, Inc.
                     
Warren Y. Jobe
3435 Stelzer Road
Columbus, OH 43219
(Georgia)
DOB 11/40
  Trustee   Indefinite; since
November 2004
  Retired. Executive Vice President, Georgia Power Company and Senior Vice President, Southern Company (1998-2001)   58   WellPoint, Inc.; UniSource Energy Corp.; HomeBanc Corp.
                     
Connie D. McDaniel
3435 Stelzer Road
Columbus, OH 43219
(Georgia)
DOB 04/58
  Trustee   Indefinite; since
May 2005
  Vice President, Global Finance Transformation (since 2007), Vice President and Controller (1999-2007), The Coca-Cola Company   58   None
                     
Clarence H. Ridley*
3435 Stelzer Road
Columbus, OH 43219
(Georgia)
DOB 06/42
  Trustee   Indefinite; since
November 2001
  Chairman, Haverty Furniture Companies   58   Crawford & Co.; Haverty Furniture Companies
                     
Charles D. Winslow
3435 Stelzer Road
Columbus, OH 43219
(Florida)
DOB 07/35
  Trustee   Indefinite; since
November 2004
  Retired. Formerly Partner, Accenture (consulting)   58   None
                     
 
Prior to May 12, 2008, Mr. Ridley was deemed to be an “interested person” of the Trust.


109


 

 
TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUNDS (concluded)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
             
        Term of
   
    Position(s)
  Office and
   
Name, Address and
  Held with
  Length of
  Principal Occupation(s)
Date of Birth   Trust   Time Served   During the Past 5 Years
OFFICERS:
           
             
Julia R. Short
50 Hurt Plaza
Suite 1400
Atlanta, GA 30303
DOB 11/72
  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)
             
Patrick A. Paparelli
50 Hurt Plaza
Suite 1400
Atlanta, GA 30303
DOB 09/61
  Vice President;
Chief Compliance
Officer
  One year;
since May-08
  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
DOB 05/67
  Vice President;
Deputy Chief
Compliance Officer
  One year;
since June 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
DOB 11/63
  Treasurer; Chief
Financial Officer;
Chief Accounting
Officer
  One year;
since March 2007
  Senior Vice President, Fund Administration, Citi Fund Services Ohio, Inc.
             
Cynthia J. Surprise
3435 Stelzer Road
Columbus, OH 43219
DOB 07/46
  Secretary and
Chief Legal Officer
  One year;
since February 2005
  Senior Vice President, Regulatory Administration, Citi Fund Services Ohio, Inc. (since December 2004); Director, Investors Bank & Trust Company (1999-2004)
             
Katherine A. Reilly
3435 Stelzer Road
Columbus, OH 43219
DOB 07/65
  Assistant
Secretary
  One year;
since February 2008
  Vice President (since July 2007), Assistant Counsel (January 2006 - July 2007), Regulatory Administration, Citi Fund Services Ohio, inc; Employee of CitiStreet LLC (June 2004-May 2005); Employee of Fidelity Investments (1987-2001).
             
 
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.


110


 

ADDITIONAL INFORMATION
RIDGEWORTH FUNDS  September 30, 2008
(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 redemption fees; 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 April 1, 2008 through September 30, 2008.
 
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**
        04/01/08($)   09/30/08($)   04/01/08-09/30/08($)   04/01/08-09/30/08(%)
 
Aggressive Growth Stock Fund
  I Shares     1,000.00       941.80       5.60       1.15  
    A Shares     1,000.00       940.20       7.05       1.45  
    C Shares     1,000.00       937.60       10.44       2.15  
Emerging Growth Stock Fund
  I Shares     1,000.00       941.30       5.65       1.16  
    A Shares     1,000.00       939.60       7.10       1.46  
    C Shares     1,000.00       936.90       10.49       2.16  
International Equity 130/30 Fund
  I Shares     1,000.00       695.10       6.42       1.51  
    A Shares(a)     1,000.00       746.60       3.94       1.83  
    C Shares(b)     1,000.00       822.90       2.49       2.49  
International Equity Fund
  I Shares     1,000.00       764.00       5.48       1.24  
    A Shares     1,000.00       762.70       6.80       1.54  
    C Shares     1,000.00       759.80       9.88       2.24  
International Equity Index Fund
  I Shares     1,000.00       782.30       2.68       0.60  
    A Shares     1,000.00       781.00       4.02       0.90  
    C Shares     1,000.00       778.20       7.13       1.60  
Large Cap Core Equity Fund
  I Shares     1,000.00       897.50       4.09       0.86  
    A Shares     1,000.00       896.70       5.28       1.11  
    C Shares     1,000.00       893.40       8.83       1.86  
Large Cap Growth Stock Fund
  I Shares     1,000.00       882.50       4.77       1.01  
    A Shares     1,000.00       881.40       6.18       1.31  
    C Shares     1,000.00       878.10       9.46       2.01  
Large Cap Quantitative Equity Fund
  I Shares     1,000.00       897.60       4.52       0.95  
    A Shares     1,000.00       897.00       5.71       1.20  
    C Shares     1,000.00       893.20       9.25       1.95  
Large Cap Value Equity Fund
  I Shares     1,000.00       917.50       3.89       0.81  
    A Shares     1,000.00       916.50       5.33       1.11  
    C Shares     1,000.00       912.90       8.68       1.81  
Mid-Cap Core Equity Fund
  I Shares     1,000.00       896.70       5.14       1.08  
    A Shares     1,000.00       895.50       6.56       1.38  
    C Shares     1,000.00       892.30       9.87       2.08  
Mid-Cap Value Equity Fund
  I Shares     1,000.00       949.80       5.18       1.06  
    A Shares     1,000.00       948.90       6.64       1.36  
    C Shares     1,000.00       946.30       10.05       2.06  
Real Estate 130/30 Fund
  I Shares     1,000.00       963.60       7.09       1.44  
    C Shares(c)     1,000.00       913.60       9.51       2.45  


111


 

 
ADDITIONAL INFORMATION (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
                                     
        Beginning
  Ending
  Expenses Paid
  Expense Ratio
        Account Value
  Account Value
  During Period*
  During Period**
        04/01/08($)   09/30/08($)   04/01/08-09/30/08($)   04/01/08-09/30/08(%)
 
Select Large Cap Growth Stock Fund
  I Shares     1,000.00       899.00       4.47       0.94  
    A Shares     1,000.00       897.70       5.90       1.24  
    C Shares     1,000.00       894.50       9.21       1.94  
Small Cap Growth Stock Fund
  I Shares     1,000.00       971.20       5.93       1.20  
    A Shares     1,000.00       968.90       7.40       1.50  
    C Shares     1,000.00       965.70       10.84       2.20  
Small Cap Value Equity Fund
  I Shares     1,000.00       1,010.50       6.05       1.20  
    A Shares     1,000.00       1,009.20       7.40       1.47  
    C Shares     1,000.00       1,007.60       8.51       1.69  
U.S. Equity 130/30 Fund
  I Shares     1,000.00       904.50       3.26       1.29  
Life Vision Aggressive Growth Fund
  I Shares     1,000.00       897.10       0.95       0.20  
    A Shares     1,000.00       896.30       2.38       0.50  
    B Shares     1,000.00       893.70       4.51       0.95  
    C Shares     1,000.00       892.90       5.69       1.20  
Life Vision Conservative Fund
  I Shares     1,000.00       968.80       0.99       0.20  
    A Shares     1,000.00       967.20       2.47       0.50  
    B Shares     1,000.00       965.80       4.68       0.95  
    C Shares     1,000.00       963.70       5.91       1.20  
Life Vision Growth and Income Fund
  I Shares     1,000.00       924.20       0.87       0.18  
    A Shares     1,000.00       923.40       2.31       0.48  
    B Shares     1,000.00       921.10       4.48       0.93  
    C Shares     1,000.00       919.60       5.68       1.18  
Life Vision Moderate Growth Fund
  I Shares     1,000.00       944.20       0.93       0.19  
    A Shares     1,000.00       942.70       2.39       0.49  
    B Shares     1,000.00       939.30       4.57       0.94  
    C Shares     1,000.00       939.10       5.78       1.19  
Life Vision Target Date 2015 Fund
  I Shares     1,000.00       926.00       0.87       0.18  
    A Shares     1,000.00       924.60       2.36       0.49  
Life Vision Target Date 2025 Fund
  I Shares     1,000.00       912.30       0.91       0.19  
    A Shares     1,000.00       911.40       2.35       0.49  
Life Vision Target Date 2035 Fund
  I Shares     1,000.00       903.20       0.86       0.18  
    A Shares     1,000.00       901.60       2.34       0.49  
 
 
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.
 
(a) Information shown reflects values for the period from July 2, 2008 (commencement of operations) to September 30, 2008 and has been calculated using expense ratios and rates of return for the same period.
 
(b) Information shown reflects values for the period from August 21, 2008 (commencement of operations) to September 30, 2008 and has been calculated using expense ratios and rates of return for the same period.
 
(c) Information shown reflects values for the period from May 5, 2008 (commencement of operations) to September 30, 2008 and has been calculated using expense ratios and rates of return for the same period.

112


 

 
ADDITIONAL INFORMATION (continued)
RIDGEWORTH FUNDS  September 30, 2008
(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**
        04/01/08($)   09/30/08($)   04/01/08-09/30/08($)   04/01/08-09/30/08(%)
 
Aggressive Growth Stock Fund
  I Shares     1,000.00       1,019.30       5.82       1.15  
    A Shares     1,000.00       1,017.80       7.33       1.45  
    C Shares     1,000.00       1,014.29       10.86       2.15  
Emerging Growth Stock Fund
  I Shares     1,000.00       1,019.25       5.87       1.16  
    A Shares     1,000.00       1,017.75       7.38       1.46  
    C Shares     1,000.00       1,014.24       10.91       2.16  
International Equity 130/30 Fund
  I Shares     1,000.00       1,017.50       7.64       1.51  
    A Shares     1,000.00       1,015.89       9.25       1.83  
    C Shares     1,000.00       1,012.58       12.56       2.49  
International Equity Fund
  I Shares     1,000.00       1,018.85       6.28       1.24  
    A Shares     1,000.00       1,017.35       7.79       1.54  
    C Shares     1,000.00       1,013.84       11.31       2.24  
International Equity Index Fund
  I Shares     1,000.00       1,022.06       3.04       0.60  
    A Shares     1,000.00       1,020.56       4.56       0.90  
    C Shares     1,000.00       1,017.05       8.09       1.60  
Large Cap Core Equity Fund
  I Shares     1,000.00       1,020.76       4.36       0.86  
    A Shares     1,000.00       1,019.50       5.62       1.11  
    C Shares     1,000.00       1,015.74       9.40       1.86  
Large Cap Growth Stock Fund
  I Shares     1,000.00       1,020.00       5.11       1.01  
    A Shares     1,000.00       1,018.50       6.63       1.31  
    C Shares     1,000.00       1,014.99       10.15       2.01  
Large Cap Quantitative Equity Fund
  I Shares     1,000.00       1,020.31       4.81       0.95  
    A Shares     1,000.00       1,019.05       6.07       1.20  
    C Shares     1,000.00       1,015.29       9.85       1.95  
Large Cap Value Equity Fund
  I Shares     1,000.00       1,021.01       4.10       0.81  
    A Shares     1,000.00       1,019.50       5.62       1.11  
    C Shares     1,000.00       1,015.99       9.15       1.81  
Mid-Cap Core Equity Fund
  I Shares     1,000.00       1,019.65       5.47       1.08  
    A Shares     1,000.00       1,018.15       6.98       1.38  
    C Shares     1,000.00       1,014.64       10.50       2.08  
Mid-Cap Value Equity Fund
  I Shares     1,000.00       1,019.75       5.37       1.06  
    A Shares     1,000.00       1,018.25       6.88       1.36  
    C Shares     1,000.00       1,014.74       10.40       2.06  
Real Estate 130/30 Fund
  I Shares     1,000.00       1,017.85       7.28       1.44  
    C Shares     1,000.00       1,012.78       12.36       2.45  
Select Large Cap Growth Stock Fund
  I Shares     1,000.00       1,020.36       4.76       0.94  
    A Shares     1,000.00       1,018.85       6.28       1.24  
    C Shares     1,000.00       1,015.34       9.80       1.94  
Small Cap Growth Stock Fund
  I Shares     1,000.00       1,019.05       6.07       1.20  
    A Shares     1,000.00       1,017.55       7.59       1.50  
    C Shares     1,000.00       1,014.04       11.11       2.20  


113


 

 
ADDITIONAL INFORMATION (concluded)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
                                     
        Beginning
  Ending
  Expenses Paid
  Expense Ratio
        Account Value
  Account Value
  During Period*
  During Period**
        04/01/08($)   09/30/08($)   04/01/08-09/30/08($)   04/01/08-09/30/08(%)
 
Small Cap Value Equity Fund
  I Shares     1,000.00       1,019.05       6.07       1.20  
    A Shares     1,000.00       1,017.70       7.44       1.47  
    C Shares     1,000.00       1,016.60       8.54       1.69  
U.S. Equity 130/30 Fund
  I Shares     1,000.00       1,018.60       6.53       1.29  
Life Vision Aggressive Growth Fund
  I Shares     1,000.00       1,024.07       1.01       0.20  
    A Shares     1,000.00       1,022.56       2.54       0.50  
    B Shares     1,000.00       1,020.31       4.81       0.95  
    C Shares     1,000.00       1,019.05       6.07       1.20  
Life Vision Conservative Fund
  I Shares     1,000.00       1,024.07       1.01       0.20  
    A Shares     1,000.00       1,022.56       2.54       0.50  
    B Shares     1,000.00       1,020.31       4.81       0.95  
    C Shares     1,000.00       1,019.05       6.07       1.20  
Life Vision Growth and Income Fund
  I Shares     1,000.00       1,024.17       0.91       0.18  
    A Shares     1,000.00       1,022.66       2.43       0.48  
    B Shares     1,000.00       1,020.41       4.71       0.93  
    C Shares     1,000.00       1,019.15       5.97       1.18  
Life Vision Moderate Growth Fund
  I Shares     1,000.00       1,024.12       0.96       0.19  
    A Shares     1,000.00       1,022.61       2.48       0.49  
    B Shares     1,000.00       1,020.36       4.76       0.94  
    C Shares     1,000.00       1,019.10       6.02       1.19  
Life Vision Target Date 2015 Fund
  I Shares     1,000.00       1,024.17       0.91       0.18  
    A Shares     1,000.00       1,022.61       2.48       0.49  
Life Vision Target Date 2025 Fund
  I Shares     1,000.00       1,024.12       0.96       0.19  
    A Shares     1,000.00       1,022.61       2.48       0.49  
Life Vision Target Date 2035 Fund
  I Shares     1,000.00       1,024.17       0.91       0.18  
    A Shares     1,000.00       1,022.61       2.48       0.49  
 
 
*   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.ridgeworthfunds.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.ridgeworthfunds.com and on the Securities and Exchange Commission’s website at www.sec.gov.
 
Other 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.


114


 

         
 
  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    
 
       
 
  Certium Asset Management LLC   Zevenbergen Capital Investments LLC
 
  50 Hurt Plaza, Suite 1400   601 Union Street, Suite 4600
 
  Atlanta, GA 30303   Seattle, Washington 98101
 
  www. certiumllc.com   www. zci.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.ridgeworthfunds.com. Please read the prospectus carefully before investing.
 
       
 
  Distributor:    
 
       
 
  Ridgeworth Distributors LLC    
 
       
    Not FDIC Insured No Bank Guarantee May Lose Value
 
       
 
       
    (RIDGEWORTH INVESTMENTS LOGO)
(GRAPHIC)


 

(RIDGEWORTH INVESTMENTS LOGO)
2008 Semi-Annual Report
Fixed Income And
Money Market Funds
September 30, 2008
(GRAPHIC)
As of March 31, 2008, the STI Classic Funds became RidgeWorth Funds and
Trusco Capital Management, Inc. became RidgeWorth Capital Management, Inc.

 


 

TABLE OF CONTENTS
 
RIDGEWORTH FUNDS September 30, 2008
         
    1  
 
       
    3  
 
       
Schedules of Portfolio Investments
    5  
 
       
Statements of Assets and Liabilities
    118  
 
       
Statements of Operations
    122  
 
       
Statements of Changes in Net Assets
    126  
 
       
Financial Highlights
    140  
 
       
Notes to Financial Statements
    153  
 
       
Trustees and Officers of the RidgeWorth Funds
    172  
 
       
Additional Information
    174  

 


 

LETTER TO SHAREHOLDERS
 
September 30, 2008
Dear Valued RidgeWorth Funds Shareholder,
The past six months has been challenging for the economy and the markets. Economic headwinds intensified in the U.S. and spread globally despite lower oil prices and significant Federal Reserve (the “Fed”) and Treasury intervention. Of greater near-term importance was the further deterioration in credit and liquidity market conditions worldwide, which heightened investor nervousness and increased market volatility. Equity prices fell broadly and the S&P 500 was off 22% over the trailing 12-months as the markets neared the one-year “anniversary” of the previous market high on October 9, 2007.
The consumer continued to suffer the brunt of the economic downturn with job losses, rising unemployment, weak housing market, and tight credit conditions dampening confidence and spending following the end of the tax rebate program. However slower consumer spending inevitably affects business production and that was the case in the past six months when output and orders growth turned negative.
There was some constructive news however in the form of lower inflation. Energy prices soared then fell from record real and nominal levels as the mania momentum that drove the price of oil to $147/barrel finally succumbed to falling demand for petroleum. The dollar surged relative to other currencies as data suggested European growth would also slow and demand for imports from emerging markets would fall.
The Fed lowered then held the policy fed funds rate steady at 2% through the end of the six month period under review, and it increased the amount of liquidity to the banking system to address mounting liquidity and credit strains. RidgeWorth constructed a timeline of the major support initiatives from the Fed, Treasury, and Congress to provide a sense of the breadth of innovation and support to the markets, which is available on our website www.ridgeworthfunds.com.
Equity markets benefited from Treasury intervention, but ultimately succumbed to increased strains in the economy, credit markets and liquidity availability. Bond yields rose but T-bill rates fell and the yield curve steepened. Treasuries gained on a flight to quality, while Corporate and High Yield bonds fell dramatically as credit spreads widened sharply.
As we finish 2008 and head toward 2009, economic recession, an important market challenge, has now been conceded by most, which historically and ironically has been a sign that the worst is behind us. Additionally, the current credit crisis and the specter of deleveraging remain important immediate challenges. We project labor markets may remain soft for some time, though we are hopeful that recent data from the housing market could be an early sign that home prices may soon finally begin to stabilize. We expect both headline and core inflation to moderate in the months ahead, which we believe could help provide a more stable base for future growth. Since the U.S. entered the current slowdown period prior to the rest of the world, we look for domestic growth to reemerge from the current recession first, which may support the dollar a while longer into 2009.
We believe the impact of aggressive policy response from the Fed, Treasury, Congress, and foreign central banks will be positive for the markets, pushing credit spreads lower and improving liquidity, though it is difficult to predict the timing and magnitude of the improvement. Interest rates are likely to remain low and range-bound during this initiative. After the “dust” clears from the current market turmoil, we anticipate significant changes in market regulation and structure. Among the potential changes could be a single financial markets regulator, a global clearinghouse for derivatives, and a new look for the government sponsored enterprises.
From time to time we must report to you a difficult market environment, and this is such a time. At present, the markets are operating in crisis mode where fear dominates reason. These periods have historically been painful but short. As we

1


 

monitor conditions for signs of improvement, we are focusing on short-term credit spreads near-term, while more signs of reduced housing stress are important longer-term. We believe stocks are reasonably valued on an absolute basis and very undervalued relative to bonds. Moreover, we see investment opportunities emerging in bond markets.
We are pleased to report that in a difficult environment the RidgeWorth Funds have performed well against their peer group averages. Our focus and daily mindset is to provide you our valued client, with the best we have every day. We appreciate the trust you place with us in caring for and growing your portfolio and we strive to earn that trust over and over. We hope you will contact your investment representative with any questions you may have.
     
Sincerely,
   
 
   
-s- DAVID EIDSON
  -s- ASHI PARIKH

David Eidson
Chairman and CEO
RidgeWorth Capital Management, Inc.
 
Ashi Parikh
President and CIO
RidgeWorth Capital Management, Inc.

2


 

INDUSTRY ALLOCATION (As a percentage of Total Investments)
 
RIDGEWORTH FUNDS September 30, 2008
(Unaudited)
         
Georgia Tax-Exempt Bond Fund
       
 
       
Municipal Bonds
    98.2 %
Money Market Funds
    1.8 %
 
       
High Grade Municipal Bond Fund
       
 
       
Municipal Bonds
    90.3 %
Money Market Funds
    9.7 %
 
       
High Income Fund
       
 
       
Corporate Bonds
    81.7 %
Bank Loans
    8.5 %
Short-Term Investments
    4.7 %
Money Market Funds
    3.7 %
U.S. Treasury Obligations
    1.4 %
 
       
Intermediate Bond Fund
       
 
       
U.S. Treasury Obligations
    27.5 %
Corporate Bonds
    22.6 %
Short-Term Investments
    22.1 %
U.S. Government Agency Mortgages
    13.4 %
Money Market Funds
    5.8 %
Municipal Bonds
    3.8 %
Collateralized Mortgage Obligations
    3.0 %
Asset-Backed Securities
    1.8 %
 
       
Investment Grade Bond Fund
       
 
       
Corporate Bonds
    27.6 %
U.S. Treasury Obligations
    21.9 %
Short-Term Investments
    19.7 %
U.S. Government Agency Mortgages
    13.2 %
Money Market Funds
    8.0 %
Municipal Bonds
    4.1 %
Collateralized Mortgage Obligations
    3.1 %
Asset-Backed Securities
    2.3 %
U.S. Government Agencies
    0.1 %
 
       
Investment Grade Tax-Exempt Bond Fund
       
 
       
Municipal Bonds
    92.7 %
Money Market Funds
    7.3 %
 
       
Limited Duration Fund
       
 
       
Money Market Funds
    48.9 %
Asset-Backed Securities
    42.0 %
Collateralized Mortgage Obligations
    9.1 %
 
       
Limited-Term Federal Mortgage Securities Fund
       
 
       
U.S. Government Agency Mortgages
    90.7 %
Money Market Funds
    6.5 %
Collateralized Mortgage Obligations
    2.8 %
 
       
Maryland Municipal Bond Fund
       
 
       
Municipal Bonds
    96.7 %
Money Market Funds
    3.3 %
 
       
North Carolina Tax-Exempt Bond Fund
       
 
       
Municipal Bonds
    96.0 %
Money Market Funds
    4.0 %
 
       
Seix Floating Rate High Income Fund
       
 
       
Bank Loans
    90.9 %
Money Market Funds
    6.3 %
Corporate Bonds
    2.6 %
U.S. Treasury Obligations
    0.2 %
 
       
Seix Global Strategy Fund
       
 
       
U.S. Treasury Obligations
    99.3 %
Short-Term Investments
    0.7 %
 
       
Seix High Yield Fund
       
 
       
Corporate Bonds
    86.7 %
Short-Term Investments
    5.8 %
Bank Loans
    4.2 %
Money Market Funds
    2.8 %
U.S. Treasury Obligations
    0.5 %
 
       
Short-Term Bond Fund (Long)
       
 
       
Corporate Bonds
    30.1 %
Collateralized Mortgage Obligations
    21.3 %
U.S. Government Agency Mortgages
    19.8 %
Short-Term Investments
    8.6 %
U.S. Treasury Obligations
    6.9 %
U.S. Government Agencies
    6.1 %
Money Market Funds
    3.0 %
Commercial Papers
    2.1 %
Asset-Backed Securities
    1.2 %
Municipal Bonds
    0.9 %
 
       
Short-Term Bond Fund (Short)
       
 
       
U.S. Government Agencies
    (100 )%
 
       
Short-Term U.S. Treasury Securties Fund
       
 
       
U.S. Treasury Obligations
    68.5 %
Short-Term Investments
    28.5 %
Money Market Funds
    3.0 %
Portfolio composition is subject to change.

3


 

INDUSTRY ALLOCATION (As a percentage of Total Investments)
 
RIDGEWORTH FUNDS September 30, 2008
(Unaudited)
         
Strategic Income Fund
       
 
       
U.S. Treasury Obligations
    34.4 %
Short-Term Investments
    22.5 %
Corporate Bonds
    21.3 %
Foreign Government Bonds
    18.8 %
Bank Loans
    3.0 %
 
       
Total Return Bond Fund
       
 
       
U.S. Government Agency Mortgages
    36.5 %
Corporate Bonds
    19.6 %
Short-Term Investments
    10.4 %
Collateralized Mortgage Obligations
    10.2 %
U.S. Treasury Obligations
    10.0 %
Money Market Funds
    5.7 %
Municipal Bonds
    4.8 %
Asset-Backed Securities
    2.8 %
 
       
Ultra-Short Bond Fund
       
 
       
Corporate Bonds
    28.2 %
U.S. Government Agency Mortgages
    25.8 %
Collateralized Mortgage Obligations
    23.5 %
U.S. Government Agencies
    5.2 %
Asset-Backed Securities
    4.9 %
Money Market Funds
    3.7 %
Commercial Papers
    2.8 %
U.S. Treasury Obligations
    2.5 %
Short-Term Investments
    1.5 %
Municipal Bonds
    1.1 %
Certificates of Deposits
    0.8 %
 
       
U.S. Government Securities Fund
       
 
       
U.S. Treasury Obligations
    65.1 %
Short-Term Investments
    32.7 %
Money Market Funds
    2.2 %
 
       
U.S. Government Securities Ultra-Short Bond Fund
       
 
       
U.S. Government Agency Mortgages
    93.2 %
Money Market Funds
    5.0 %
U.S. Government Agencies
    1.8 %
 
       
Virginia Intermediate Municipal Bond Fund
       
 
       
Municipal Bonds
    97.1 %
Money Market Funds
    2.9 %
 
       
Prime Quality Money Market Fund
       
 
       
Commercial Papers
    37.8 %
Corporate Bonds
    16.1 %
Certificates of Deposits
    15.6 %
Money Market Funds
    8.8 %
Time Deposits
    7.3 %
U.S. Government Agencies
    5.2 %
Repurchase Agreements
    4.5 %
Master Notes
    4.2 %
Asset-Backed Securities
    0.5 %
 
       
Tax-Exempt Money Market Fund
       
 
       
Municipal Bonds
    98.1 %
Money Market Funds
    1.9 %
 
       
U.S. Government Securities Money Market Fund
       
 
       
U.S. Government Agencies
    48.4  
Repurchase Agreements
    42.8  
Money Market Funds
    8.8  
 
       
U.S. Treasury Money Market Fund
       
 
       
Repurchase Agreements
    81.2 %
U.S. Treasury Obligations
    15.1 %
Money Market Funds
    3.7 %
 
       
Virginia Tax-Free Money Market Fund
       
 
       
Municipal Bonds
    96.8 %
Money Market Funds
    3.2 %
Portfolio composition is subject to change.

4


 

SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Georgia Tax-Exempt Bond Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Municipal Bonds (98.7%)
               
Georgia (93.5%)
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       2,629  
Athens Housing Authority, Student Housing Lease Project, RB, 5.250%, 12/01/21, Callable 12/01/12 @ 100, AMBAC
    1,000       1,003  
Athens-Clarke County Unified Government Development Authority, University of Georgia Athletic Association, Ser B, RB, 4.500%, 07/01/35, LOC: Bank of America N.A.
    1,450       1,450  
Atlanta Airport Passenger Facility Charge, Ser J, RB, 5.000%, 01/01/34, Callable 01/01/15 @ 100, FSA
    10,500       9,612  
Atlanta Airport Project, Ser A, RB, AMT, 5.375%, 01/01/19, Callable 07/01/14 @ 100, FSA
    5,000       4,778  
Atlanta Airport Project, Ser B, RB, AMT, 6.000%, 01/01/18, Callable 01/01/10 @ 101, FGIC
    2,150       2,136  
Augusta Water & Sewer Authority, RB, 5.000%, 10/01/30, Callable 10/01/17 @ 101, FSA
    1,750       1,648  
Augusta Water & Sewer Authority, RB, 5.250%, 10/01/34, Callable 10/01/14 @ 100, FSA
    2,000       1,997  
Augusta Water & Sewer Authority, RB, 5.250%, 10/01/39, Callable 10/01/14 @ 100, FSA
    5,000       4,988  
Barrow County, GO, 4.500%, 10/01/11, FGIC
    1,255       1,296  
Bartow County Georgia, GO, 4.500%, 08/01/13, MBIA
    3,000       3,093  
Brunswick Water & Sewer, Refunding & Improvement Project, RB, 6.100%, 10/01/14, MBIA
    1,000       1,087  
Burke County Development Authority, Pollution Control, Georgia Power Co., Plant Vogtle Project, RB, 3.750%, 10/01/32
    1,500       1,496  
Carroll County Water Authority, Water & Sewer, RB, 5.250%, 07/01/22, Callable 07/01/15 @ 100, FSA
    1,000       1,007  
Carrollton Payroll Development Authority, UWG Campus Center, RB, 5.250%, 08/01/27, Callable 08/01/14 @ 100, MBIA
    1,000       977  
Central Valdosta Development Authority, Lowndes County Judicial Project, RB, 5.250%, 06/01/21, Callable 06/01/13 @ 102, XLCA
    1,885       1,851  
Cherokee County Georgia Resource Recovery Development Authority, Solid Waste Disposal, RB, AMT, 5.000%, 07/01/37, Callable 07/01/17 @ 100, AMBAC
    1,000       842  
Cherokee County School System, GO, 5.000%, 08/01/13, MBIA
    1,000       1,067  
Cobb County Development Authority, Kennesaw State University Project, RB, 5.000%, 07/15/29, Callable 07/15/14 @ 100, MBIA
    2,250       2,114  
Cobb County Development Authority, Kennesaw State University Project, Ser A, RB, 5.000%, 07/15/29, Callable 07/15/14 @ 100, MBIA
    1,285       1,207  
Cobb County Development Authority, Solid Waste Disposal, Georgia Waste Management Project, Ser A, RB, AMT, 5.000%, 04/01/33, Callable 04/01/16 @ 101
    1,000       711  
Cobb-Marietta County, Coliseum & Exhibit Hall Project, RB, 5.500%, 10/01/12, MBIA
    940       978  
 
See Notes to Financial Statements.


5


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Georgia Tax-Exempt Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Georgia—continued
                 
College Park Business & Industrial Development Authority, Civic Center Project, RB, 5.750%, 09/01/20, Prerefunded 09/01/10 @ 102, AMBAC
    3,000       3,230  
Coweta County Development Authority, Newnan Water, Sewer & Light Commission, RB, 5.000%, 07/01/25, Callable 07/01/15 @ 100, MBIA
    1,000       964  
Dalton Building Authority, Public School System Project, RB, 4.000%, 03/01/11, State Aid Withholding
    2,895       2,959  
DeKalb County Public Safety & Judicial Facilities Authority, Public Safety & Judicial Facility Project, RB, 5.000%, 12/01/29, Callable 12/01/14 @ 100, County Guaranteed
    3,000       2,890  
DeKalb County School District, GO, 5.000%, 02/01/11, State Aid Withholding
    1,075       1,128  
Douglas County School District, GO, 5.000%, 04/01/23, Callable 04/01/17 @ 100, FSA, State Aid Withholding
    1,375       1,358  
Douglasville-Douglas County Water & Sewer Authority, RB, 5.625%, 06/01/15, Callable 06/01/09 @ 100, AMBAC
    1,225       1,289  
Downtown Smyrna Development Authority, RB, 5.250%, 02/01/28
    1,000       972  
Forsyth County Hospital Authority, Baptist Health Care System Project, RB, 6.375%, 10/01/28, ETM
    1,000       1,092  
Forsyth County School District, GO, 5.000%, 02/01/23, Callable 02/01/15 @ 100, MBIA
    3,000       2,949  
Forsyth County Water & Sewer Authority, RB, 5.000%, 04/01/28, Callable 04/01/13 @ 100
    1,700       1,649  
Fulton County Development Authority, Cauley Creek Water Facilities, Ser A, RB, AMT, 5.500%, 02/01/17, Callable 02/01/11 @ 100, AMBAC
    1,310       1,352  
Fulton County Development Authority, Georgia Technology Foundation, Ser A, RB, 5.000%, 11/01/31, Callable 05/01/12 @ 100
    1,000       956  
Fulton County Development Authority, Molecular Science Building Project, RB, 5.250%, 05/01/22, Callable 05/01/14 @ 100, MBIA
    2,370       2,378  
Fulton County Development Authority, Molecular Science Building Project, RB, 5.250%, 05/01/27, Callable 05/01/14 @ 100, MBIA
    3,375       3,297  
Fulton County Development Authority, Molecular Science Building Project, RB, 5.000%, 05/01/34, Callable 05/01/14 @ 100, MBIA
    1,000       928  
Fulton County Water & Sewer, RB, 5.000%, 01/01/16, Callable 07/01/08 @ 101, FGIC
    1,630       1,648  
Fulton County Water & Sewer, RB, 5.000%, 01/01/24, Callable 01/01/14 @ 100, FGIC
    2,000       1,905  
Fulton County Water & Sewer, RB, 5.000%, 01/01/30, Callable 01/01/14 @ 100, FGIC
    2,425       2,237  
Fulton County Water & Sewer, RB, 5.250%, 01/01/35, Callable 01/01/14 @ 100, FGIC
    2,400       2,327  
Gainesville Redevelopment Authority, Educational Facilities, Riverside Military Academy, RB, 5.125%, 03/01/37, Callable 03/01/17 @ 100
    2,000       1,505  
 
See Notes to Financial Statements.


6


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Georgia Tax-Exempt Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Georgia—continued
                 
Georgia Municipal Electric Authority, RB, 8.000%, 01/01/15, Callable 01/01/09 @ 100, ETM
    1,900       2,283  
Georgia State Private College & Universities Facilities Authority, Mercer University Project, RB, 6.400%, 11/01/11, MBIA, ETM
    1,375       1,451  
Georgia State Road & Tollway Authority, Federal Highway Grant, RAN, 5.000%, 06/01/14, MBIA
    3,000       3,194  
Georgia State Road & Tollway Authority, Federal Highway Grant, RAN, 5.000%, 06/01/18, Callable 06/01/16 @ 100, MBIA
    2,650       2,741  
Georgia State Road & Tollway Authority, RB, 5.000%, 10/01/23, Callable 10/01/13 @ 100, State Guaranteed
    1,500       1,486  
Georgia State, Ser E, GO, 5.000%, 08/01/19, Callable 08/01/17 @ 100
    3,970       4,118  
Georgia State, Ser E, GO, 5.000%, 08/01/22, Callable 08/01/17 @ 100
    2,700       2,720  
Glynn-Brunswick Memorial Hospital Authority, SouthEast Health System, Ser A, RB, 5.500%, 08/01/28, Callable 08/01/18 @ 100
    1,800       1,632  
Glynn-Brunswick Memorial Hospital Authority, SouthEast Health System, Ser A, RB, 5.625%, 08/01/34, Callable 08/01/18 @ 100
    2,000       1,782  
Gwinnett County Development Authority, Public Schools Project, COP, 5.250%, 01/01/21, Prerefunded 01/01/14 @ 100, MBIA
    2,910       3,145  
Gwinnett County School District, GO, 5.000%, 02/01/22, Callable 02/01/18 @ 100
    1,000       1,008  
Gwinnett County School District, GO, 5.000%, 02/01/23, Callable 02/01/18 @ 100
    3,500       3,508  
Gwinnett County School District, GO, 5.000%, 02/01/26, Callable 02/01/18 @ 100
    5,000       4,931  
Gwinnett County School District, GO, 5.000%, 02/01/36, Callable 02/01/18 @ 100
    8,000       7,722  
Henry County Water & Sewer Authority, Refunding & Improvements, Ser A, RB, 5.375%, 02/01/13, MBIA
    1,290       1,388  
Henry County Water & Sewer, RB, 6.150%, 02/01/20, AMBAC
    2,100       2,272  
Laurens County Georgia Public Facilities Authority, RB, 5.000%, 07/01/11, MBIA
    1,000       1,041  
Lowndes County, Sales Tax, GO, 5.000%, 04/01/13, FSA
    1,240       1,320  
Metropolitan Atlanta Rapid Transit Authority, Ser E, RB, 7.000%, 07/01/11, ETM
    3,415       3,684  
Milledgeville-Baldwin County Development Authority, Georgia College & State University Foundation, RB, 6.000%, 09/01/33, Prerefunded 09/01/14 @ 101
    2,355       2,660  
Municipal Electric Authority of Georgia, Combustion, Ser A, RB, 5.000%, 11/01/24, Callable 11/01/08 @ 100, MBIA
    2,000       1,925  
Newnan Hospital Authority, Newnan Hospital Project, RB, 5.500%, 01/01/16, Callable 01/01/13 @ 100, MBIA
    1,435       1,478  
Newnan Hospital Authority, Newnan Hospital Project, RB, 5.500%, 01/01/17, Callable 01/01/13 @ 100, MBIA
    2,220       2,270  
Newton County School District, GO, 5.000%, 04/01/11, State Aid Withholding
    1,000       1,049  
Oconee County Industrial Development Authority, OIIT Project, RB, 5.250%, 07/01/23, Callable 07/01/13 @ 100, XLCA
    1,295       1,242  
Paulding County School District, GO, 6.000%, 02/01/10, MBIA
    715       731  
 
See Notes to Financial Statements.


7


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Georgia Tax-Exempt Bond Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Georgia—continued
                 
Paulding County School District, GO, 5.000%, 02/01/14, State Aid Withholding
    1,000       1,064  
Paulding County School District, GO, 5.000%, 02/01/21, Callable 02/01/18 @ 100, State Aid Withholding
    1,000       1,003  
Paulding County School District, GO, 5.000%, 02/01/22, Callable 02/01/18 @ 100, State Aid Withholding
    1,700       1,687  
Private Colleges & Universities Authority, Emory University, Ser C, RB, 5.000%, 09/01/38, Callable 09/01/18 @ 100
    10,000       9,325  
Rockdale County Water & Sewer Authority, RB, 5.000%, 07/01/22, Callable 07/01/15 @ 100, FSA
    1,965       1,942  
Upper Oconee Basin Water Authority, RB, 5.000%, 07/01/26, Callable 07/01/15 @ 100, MBIA
    2,000       1,907  
Valdosta & Lowndes County Hospital Authority, South Georgia Medical Center Project, RB, 5.250%, 10/01/27, Callable 10/01/12 @ 101, AMBAC
    2,110       1,925  
Washington County Georgia School District, GO, 4.250%, 12/01/10, State Aid Withholding
    1,665       1,720  
                 
              170,334  
Puerto Rico (5.2%)
               
Puerto Rico Commonwealth, Public Import, GO, 5.500%, 07/01/19, FSA
    3,000       3,098  
Puerto Rico Electric Power Authority, Ser SS, RB, 5.000%, 07/01/24, Callable 07/01/15 @ 100, MBIA
    1,000       901  
Puerto Rico Highway & Transportation Authority, Ser AA, RB, 5.500%, 07/01/19, MBIA
    2,500       2,472  
Puerto Rico Infrastructure Financing Authority, Special Tax Revenue, Ser C, RB, 5.500%, 07/01/23, AMBAC
    1,000       952  
Puerto Rico Municipal Finance Agency, Ser A, GO, 5.000%, 08/01/30, Callable 08/01/15 @ 100, FSA
    2,300       2,092  
                 
              9,515  
                 
Total Municipal Bonds
            179,849  
Money Market Fund (1.8%)
Federated Tax-Free Obligations Fund
    2,556,138       2,556  
SEI Tax Exempt Trust,
Institutional Tax Free Fund
    697,934       698  
                 
Total Money Market Fund
            3,254  
                 
Total Investments (Cost $192,108)(a) — 100.5%
            183,103  
Liabilities in excess of other
assets — (0.5)%
            (956 )
                 
Net Assets — 100.0%
          $ 182,147  
                 
 
 
(a) Represents cost for financial reporting purposes.
 
AMBAC
— Security guaranteed by American Municipal Bond Assurance Corporation
 
AMT
— Alternative Minimum Tax Paper
 
COP
— Certificate of Participation
 
ETM
— Escrowed to Maturity
 
FGIC
— Security guaranteed by Financial Guaranty Insurance Company
 
FSA
— Security guaranteed by Financial Security Assurance
 
GO
— General Obligation
 
MBIA
— Security guaranteed by Municipal Bond Insurance Association
 
RAN
— Revenue Anticipation Note
 
RB
— Revenue Bond
 
XLCA
— Security guaranteed by XL Capital Assurance, Inc.
 
See Notes to Financial Statements.


8


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
High Grade Municipal Bond Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Municipal Bonds (87.1%)
Alabama (4.6%)
Jefferson County Sewer, Ser B-8, RB, 5.250%, 02/01/11, Callable 02/01/10 @ 100, FSA
    4,500       4,342  
                 
Alaska (4.4%)
Anchorage, Ser B, GO, 5.000%, 12/01/18, Callable 06/01/15 @ 100, MBIA
    4,000       4,111  
                 
Colorado (4.9%)
Denver City & County Airport, Ser A, RB, AMT, 5.500%, 11/15/14, Callable 11/15/11 @ 100, FGIC FSA-CR
    4,500       4,545  
                 
Florida (9.2%)
Broward County School Board, Ser A, COP, 5.250%, 07/01/26, Callable 07/01/18 @ 100, FSA
    930       881  
Greater Orlando Aviation Authority, Airport Facilities, RB, AMT, 5.500%, 10/01/17, FGIC
    1,810       1,841  
Hillsborough County Industrial Development Authority, University Community Hospital Project, RB, 6.500%, 08/15/19, MBIA
    145       162  
Manatee County Improvement Project,
RB, 5.000%, 10/01/23, Callable
10/01/14 @ 100, FGIC
    1,545       1,488  
Miami Parking Facilities Authority, RB, 5.250%, 10/01/15, MBIA
    1,000       1,055  
Osceola County Tourist Development Tax Authority, Ser A, RB, 5.500%, 10/01/15, Callable 10/01/12 @ 100, FGIC
    1,000       1,030  
Pensacola Airport Authority, Ser A, RB, AMT, 6.250%, 10/01/09, AMBAC
    505       516  
Pensacola Airport Authority, Ser A, RB, AMT, 6.000%, 10/01/12, Callable 10/01/08 @ 102, MBIA
    1,075       1,096  
Tampa Guaranteed Entitlement Authority, RB, 6.000%, 10/01/18, AMBAC
    500       551  
                 
              8,620  
                 
Illinois (27.9%)
Chicago Housing Authority, Capital Program, RB, 5.000%, 07/01/23, Callable 07/01/16 @ 100, FSA
    5,000       4,842  
Chicago Transit Authority Capital Grant Receipts, RB, 5.250%, 06/01/25, Callable 06/01/18 @ 100, Assured Guaranty
    2,000       1,948  
Grundy, Kendall & Will Counties
Community School District No 201, GO, 5.750%, 10/15/20, Callable 10/15/18 @ 100, Assured Guaranty
    3,500       3,698  
Illinois State Toll Highway Authority, Ser A, RB, 5.000%, 01/01/18, Callable 07/01/15 @ 100, FSA
    3,000       3,062  
Illinois State Toll Highway Authority, Ser A-1, RB, 5.000%, 01/01/24, Callable 07/01/16 @ 100, FSA
    13,000       12,530  
                 
              26,080  
                 
New Jersey (3.9%)
New Jersey Sports & Exposition Authority, Ser B, RB, 5.000%, 09/01/16
    3,485       3,598  
                 
Pennsylvania (5.3%)
Pennsylvania State Turnpike Commission, Sub-ser B-1, RB, 5.625%, 06/01/29, Callable 06/01/18 @ 100
    5,000       4,913  
                 
Puerto Rico (7.4%)
Puerto Rico Commonwealth Highway & Transportation Authority, RB, 5.250%, 07/01/15, Callable 07/01/13 @ 100, FGIC
    5,860       5,900  
Puerto Rico Commonwealth Municipal Finance Agency, Ser A, RB, 5.250%, 08/01/16, Callable 08/01/12 @ 100, FSA
    1,020       1,037  
                 
              6,937  
                 
Texas (10.1%)
Bexar County Hospital District, GO, 5.000%, 02/15/38, Callable 02/15/18 @ 100
    5,000       4,510  
 
See Notes to Financial Statements.


9


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
High Grade Municipal Bond Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Texas—continued
                 
North Texas Tollway Authority, Ser A, RB, 6.000%, 01/01/25, Callable 01/01/18 @ 100
    5,000       4,933  
                 
              9,443  
                 
Virginia (4.2%)
Virginia State Housing Development Authority Commonwealth Mortgage, Ser B, RB, AMT, 4.850%, 01/01/36, Callable 07/01/16 @ 100
    5,000       3,913  
                 
Washington (5.2%)
Washington Health Care Facilities Authority, Multicare Health System, Ser B, RB, 5.500%, 08/15/38, Callable 08/15/18 @ 100, FSA
    5,000       4,857  
                 
Total Municipal Bonds
            81,359  
                 
Money Market Fund (9.3%)
Federated Tax-Free Obligations Fund
    4,508,357       4,508  
SEI Tax Exempt Trust, Institutional Tax Free Fund
    4,199,552       4,200  
                 
Total Money Market Fund
            8,708  
                 
Total Investments
(Cost $94,200)(a) — 96.4%
            90,067  
Other assets in excess of
liabilities — 3.6%
            3,325  
                 
Net Assets — 100.0%
          $ 93,392  
                 
 
(a) Represents cost for financial reporting purposes.
 
AMBAC
— Security guaranteed by American Municipal Bond Assurance Corporation
 
AMT
— Alternative Minimum Tax Paper
 
COP
— Certificate of Participation
 
FGIC
— Security guaranteed by Financial Guaranty Insurance Company
 
FSA
— Security guaranteed by Financial Security Assurance
 
FSA-CR
— Security has been secondarily guaranteed by FSA
 
GO
— General Obligation
 
MBIA
— Security guaranteed by Municipal Bond Insurance Association
 
RB
— Revenue Bond
 
See Notes to Financial Statements.


10


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
High Income Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Bank Loans (8.7%)
Advertising (1.1%)
Tribune Co., 5.541%, 05/17/09(a)(b)
    553       512  
                 
Diversified Financial Services (4.1%)
Clarke American Corp., 6.031%, 04/01/14(a)(b)
    849       650  
East Valley Tourist Development Authority, 10.311%, 08/06/14(a)(c)
    1,400       1,217  
                 
              1,867  
                 
Telecommunication Services (3.5%)
Asurion Corp., 5.735%, 07/03/14(a)(b)
    890       776  
Wind Acquisition Holdings, 10.035%, 12/07/11(a)(b)
    901       793  
                 
              1,569  
                 
Total Bank Loans
            3,948  
                 
Corporate Bonds (83.5%)
Advertising (2.5%)
TL Acquisitions, Inc., 10.500%, 01/15/15, Callable 07/15/11 @ 105.25(b)
    1,450       1,146  
                 
Aerospace/Defense (0.6%)
BE Aerospace, Inc., 8.500%, 07/01/18, Callable 07/01/13 @ 104.25
    285       276  
                 
Auto Manufacturers (1.1%)
General Motors Corp., 8.375%, 07/15/33(d)
    1,000       400  
Tenneco, Inc., 8.125%, 11/15/15, Callable 11/15/11 @ 104.06
    110       94  
                 
              494  
                 
Auto Parts & Equipment (1.9%)
Tenneco, Inc., 8.625%, 11/15/14, Callable 11/15/09 @ 104.31(a)(d)
    1,100       875  
                 
Beverages (0.7%)
Constellation Brands, Inc., 8.375%, 12/15/14
    320       317  
                 
Building (2.9%)
Centex Corp., 6.500%, 05/01/16
    245       193  
D.R. Horton, Inc., 5.250%, 02/15/15
    135       100  
D.R. Horton, Inc., 5.625%, 01/15/16
    20       15  
D.R. Horton, Inc., 6.500%, 04/15/16
    115       87  
K Hovnanian Enterprises, Inc., 11.500%, 05/01/13, Callable 11/01/10 @ 102.00(b)
    560       549  
Pulte Homes, Inc., 5.250%, 01/15/14
    65       54  
Texas Industries, Inc., 7.250%, 07/15/13, Callable 07/15/09 @ 103.63(b)
    225       196  
U.S. Concrete, Inc., 8.375%, 04/01/14, Callable 04/01/09 @ 104.19
    145       113  
                 
              1,307  
                 
Chemicals (3.0%)
Axcan Intermediate Holdings, Inc.,12.750%, 03/01/16, Callable 03/01/12 @ 106.38(b)
    1,390       1,376  
                 
Commercial Services (2.7%)
Atlantic Broadband, Inc., 9.375%, 01/15/14, Callable 01/15/09 @ 104.69
    675       597  
Iron Mountain, Inc., 8.625%, 04/01/13, Callable 11/03/08 @ 101.44
    155       153  
Iron Mountain, Inc., 7.750%, 01/15/15, Callable 11/03/08 @ 103.88
    165       163  
Seitel Acquisition Corp., 9.750%, 02/15/14, Callable 02/15/11 @104.88
    370       302  
                 
              1,215  
                 
Diversified Financial Services (7.0%)
Ford Motor Credit Co., 7.250%, 10/25/11
    285       181  
Ford Motor Credit Corp., 8.000%, 12/15/16(d)
    1,490       942  
GMAC LLC, 6.875%, 09/15/11
    340       152  
GMAC LLC, 6.000%, 12/15/11
    205       91  
GMAC LLC, 6.625%, 05/15/12
    250       106  
Hexion US Finance Corp., 7.304%, 11/15/14, Callable 11/15/08 @ 102(a)
    80       58  
Hexion US Finance Corp., 9.750%, 11/15/14, Callable 11/15/10 @ 104.88
    1,240       979  
Level 3 Financing, Inc., 12.250%, 03/15/13, Callable 03/15/10 @ 106.13
    250       221  
 
See Notes to Financial Statements.


11


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
High Income Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Diversified Financial Services—continued
                 
NSG Holdings LLC, 7.750%, 12/15/25 (b)
    200       190  
SunGard Data Systems, Inc., 9.125%, 08/15/13, Callable 08/15/09 @ 104.56
    300       270  
                 
              3,190  
                 
Diversified Minerals (2.2%)
CII Carbon LLC, 11.125%, 11/15/15, Callable 11/15/11 @ 105.56(b)
    325       317  
FMG Finance Property Ltd., 10.625%, 09/01/16(b)
    705       691  
                 
              1,008  
                 
Electric (5.1%)
Aquila, Inc., 11.875%, 07/01/12(a)
    370       409  
Energy Future Holdings, 10.875%, 11/01/17, Callable 11/01/12 @ 105.44(b)
    485       438  
IPALCO Enterprises, Inc., 7.250%, 04/01/16(b)
    135       129  
NRG Energy, Inc., 7.375%, 02/01/16, Callable 02/01/11 @ 103.69
    500       450  
Reliant Energy, Inc., 6.750%, 12/15/14, Callable 12/15/09 @ 103.38
    80       69  
Texas Competitive Electric Holdings LLC, 10.250%, 11/01/15, Callable 11/01/11 @ 105.13(b)
    905       817  
                 
              2,312  
                 
Entertainment (0.3%)
Scientific Games Corp., 7.875%, 06/15/16, Callable 06/15/12 @ 103.94(b)
    155       148  
                 
Forest Products & Paper (0.3%)
Rock-Tenn Co., 9.250%, 03/15/16, Callable 03/15/12 @ 104.63(b)
    130       132  
                 
Health Care (11.5%)
Bausch & Lomb, Inc., 9.875%, 11/01/15, Callable 11/01/11 @ 104.94(b)
    155       147  
Biomet, Inc., 10.000%, 10/15/17, Callable 10/15/12 @ 105.00
    155       158  
Catalent Pharma Solutions, 9.500%, 04/15/15, Callable 04/15/11 @ 104.75
    150       116  
Community Health Systems, Inc., 8.875%, 07/15/15, Callable 07/15/11 @ 104.44
    740       703  
HCA, Inc., 9.250%, 11/15/16, Callable 11/15/11 @ 104.63
    1,315       1,279  
Health Management Associates, Inc., 6.125%, 04/15/16
    420       336  
Tenet Healthcare Corp., 7.375%, 02/01/13
    1,050       956  
U.S. Oncology, Inc., 9.000%, 08/15/12, Callable 11/10/08 @ 104.50
    145       145  
Universal Hospital Services, Inc., 6.303%, 06/01/15, Callable 06/01/09 @ 102(a)
    1,025       902  
Universal Hospital Services, Inc. (PIK), 8.500%, 06/01/15, Callable 06/01/11 @ 104.25
    505       471  
                 
              5,213  
                 
Household Products/Wares (1.3%)
Libbey Glass, Inc., 9.928%, 06/01/11, Callable 11/06/08 @ 107.50(a)
    635       584  
                 
Insurance (0.5%)
Crum & Forster Holdings Corp., 7.750%, 05/01/17, Callable 05/01/12 @ 103.88
    260       226  
                 
Machinery Diversified (2.8%)
Chart Industries, Inc., 9.125%, 10/15/15, Callable 10/15/10 @ 104.56
    1,250       1,281  
                 
Materials (0.5%)
Novelis, Inc., 7.250%, 02/15/15, Callable 02/15/10 @ 103.63
    255       222  
                 
Media (7.1%)
Charter Communications LLC, 8.375%, 04/30/14, Callable 04/30/09 @ 104.19(b)
    420       371  
Kabel Deutschland GmbH, 10.625%, 07/01/14, Callable 07/01/09 @ 105.31
    1,010       990  
Mediacom Broadband LLC, 8.500%, 10/15/15, Callable 10/15/10 @ 104.25
    720       594  
Quebecor Media, Inc., 7.750%, 03/15/16, Callable 03/15/11 @ 103.88
    200       175  
 
See Notes to Financial Statements.


12


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
High Income Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Media—continued
                 
Quebecor Media, Inc., 7.750%, 03/15/16, Callable 03/15/11 @ 103.88
    130       114  
Videotron, 9.125%, 04/15/18, Callable 04/15/13 @ 104.56(b)
    190       192  
XM Satellite Radio Holdings, Inc., 13.000%, 08/01/13(b)
    1,350       796  
                 
              3,232  
                 
Miscellaneous Manufacturer (0.6%)
Koppers, Inc., 9.875%, 10/15/13, Callable 10/15/08 @ 104.94
    239       246  
                 
Oil & Gas (11.0%)
Atlas Energy Resources LLC, 10.750%, 02/01/18, Callable 02/01/13 @ 105.38(b)
    115       103  
Cie Generale De Geophysique, 7.500%, 05/15/15, Callable 05/15/10 @ 103.75
    205       196  
Cie Generale De Geophysique, 7.750%, 05/15/17, Callable 05/15/12 @ 103.88
    85       81  
Connacher Oil & Gas, 10.250%, 12/15/15, Callable 12/15/11 @ 105.13(b)
    1,330       1,277  
Linn Energy LLC, 9.875%, 07/01/18, Callable 07/01/13 @ 104.94(b)
    290       252  
Mariner Energy, Inc., 8.000%, 05/15/17, Callable 05/15/12 @ 104
    145       122  
Newfield Exploration Co., 7.125%, 05/15/18, Callable 05/15/13 @103.56
    155       135  
OPTI Canada, Inc., 7.875%, 12/15/14, Callable 12/15/10 @ 104.13
    725       642  
Petrohawk Energy Corp., 7.875%, 06/01/15, Callable 06/01/12 @ 103.94(b)
    385       335  
Sabine Pass LNG LP, 7.500%, 11/30/16
    1,665       1,299  
United Refining Co., 10.500%, 08/15/12, Callable 10/24/08 @ 105.25(a)
    605       520  
                 
              4,962  
                 
Pipelines (2.7%)
Copano Energy LLC, 8.125%, 03/01/16, Callable 03/01/11 @ 104.06
    170       156  
Targa Resources, Inc., 8.500%, 11/01/13, Callable 11/01/09 @ 104.25
    1,190       1,053  
                 
              1,209  
                 
Semiconductors (1.5%)
Freescale Semiconductor, 8.875%, 12/15/14, Callable 12/15/10 @ 104.44
    965       666  
                 
Telecommunication Services (12.5%)
Alltel Communications, 10.375%, 12/01/17, Callable 12/01/12 @ 105.19(b)
    580       661  
Cricket Communications, Inc., 9.375%, 11/01/14, Callable 11/01/10 @ 104.69
    120       112  
FairPoint Communications, Inc., 13.125%, 04/01/18, Callable 04/01/13 @ 106.56(b)
    1,075       978  
Intelsat Jackson Holdings Ltd., 9.500%, 06/15/16, Callable 06/15/11 @ 104.75(b)
    200       186  
Intelsat Subsidiary Holding Co., Ltd., 8.500%, 01/15/13, Callable 01/15/09 @ 104.25(b)
    1,200       1,109  
Level 3 Financing, Inc., 8.750%, 02/15/17, Callable 02/15/12 @ 104.38
    245       178  
MetroPCS Wireless, Inc., 9.250%, 11/01/14, Callable 11/01/10 @ 104.63
    160       150  
Nortel Networks Ltd., 10.750%, 07/15/16, Callable 07/15/11 @ 105.38(b)
    170       104  
Sprint Capital Corp., 7.625%, 01/30/11
    360       328  
Sprint Capital Corp., 8.375%, 03/15/12
    100       90  
Sprint Capital Corp., 6.900%, 05/01/19
    315       244  
Sprint Capital Corp., 8.750%, 03/15/32
    240       187  
Sprint Nextel Corp., 6.000%, 12/01/16
    65       50  
Telcordia Technologies, Inc., 6.541%, 07/15/12, Callable 10/24/08 @ 102(a)(b)
    995       836  
 
See Notes to Financial Statements.


13


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
High Income Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Telecommunication Services—continued
                 
Wind Acquisition Finance SA, 10.750%, 12/01/15, Callable 12/01/10 @ 105.38(b)
    375       367  
Windstream Regatta Holdings, 11.000%, 12/01/17, Callable 12/01/12 @ 105.50(b)
    155       87  
                 
              5,667  
                 
Transportation (1.2%)
Bristow Group, Inc., 7.500%, 09/15/17, Callable 09/15/12 @ 103.75
    425       378  
Expedia, Inc., 8.500%, 07/01/16, Callable 07/01/12 @ 104.25(b)(d)
    180       162  
                 
              540  
                 
Total Corporate Bonds
            37,844  
                 
U.S. Treasury Obligation (1.4%)
U.S. Treasury Notes (1.4%)
               
3.125%, 10/15/08
    625       626  
                 
Total U.S. Treasury Obligation
            626  
                 
Short-Term Investment (4.8%)
Credit Suisse Enhanced Liquidity
Fund(e)
    2,198,343       2,198  
                 
Total Short-Term Investment
            2,198  
                 
Money Market Fund (3.7%)
RidgeWorth Institutional Cash Management Money Market Fund(f)
    1,690,999       1,691  
                 
Total Money Market Fund
            1,691  
                 
Total Investments
(Cost $50,780)(g) — 102.1%
            46,307  
Liabilities in excess of other
assets — (2.1)%
            (944 )
                 
Net Assets — 100.0%
          $ 45,363  
                 
 
(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.
 
(b) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 36.9% of net assets as of September 30, 2008.
 
(c) The Fund’s adviser 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 September 30, 2008 are identified below (in thousands):
 
                                         
Issue
  Acquisition
  Cost
  Par
  Value
  Percentage of
Description   Date   ($)   ($)   ($)   Net Assets(%)
 
East Valley Tourist Development Authority
    08/08/07       1,386       1,400       1,218       2.69  
 
(d) This security or a partial position of the security was on loan as of September 30, 2008. The total value of securities on loan as of September 30, 2008, in thousands, was $2,125.
 
(e) This security was purchased with cash collateral held from securities lending.
 
(f) Affiliate investment.
 
(g) Represents cost for financial reporting purposes.
 
PIK
— Payment in-kind
 
Credit Default Swap Agreements
 
                                       
        Notional
  Fixed
  Expiration
   
Underlying Instrument
  Counterparty   Amount($)   Rate(%)   Date   Value($)
 
Abitibi Consolidated, Inc. 
  JPMorgan     500       4 .50       06/20/09       (65 )
                                       
                                    (65 )
                                       
 
At September 30, 2008, liquid assets totaling $175, in thousands, have been designated as collateral for open swap agreements.
 
See Notes to Financial Statements.


14


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Intermediate Bond Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Asset-Backed Securities (2.4%)
Automobiles (0.9%)
Capital One Prime Auto Receivables Trust, Ser 2006-2, Cl A4, 5.022%, 07/15/12
    2,725       2,683  
Daimler Finance N.A., LLC, 6.500%, 11/15/13
    3,474       3,390  
Honda Auto Receivables Owner Trust, Ser 2006-3, Cl A4, 5.014%, 04/15/12
    1,785       1,772  
USAA Auto Owner Trust, Ser 2006-4, Cl A4, 4.900%, 10/15/12
    53       52  
                 
              7,897  
                 
Credit Card ABS (0.6%)
American Express Issuance Trust, Ser 2008-2, Cl A, 4.020%, 01/18/11
    5,040       5,017  
                 
Home Equity ABS (0.2%)
Citifinancial Mortgage Securities, Inc., Ser 2003-1, Cl AF5, 4.282%, 01/25/33(a)
    1,386       1,190  
Contimortgage Home Equity Loan Trust, Ser 1996-2, Cl A8, 7.900%, 07/15/27
    37       32  
Soundview Home Equity Loan Trust, Ser 2001-1, Cl A, 6.765%, 04/15/31(a)
    7       7  
                 
              1,229  
                 
Utility ABS (0.8%)
CNH Equipment Trust, Ser 2007-C, Cl A3A, 5.210%, 12/15/11
    2,534       2,530  
CNH Equipment Trust, Ser 2008-A, Cl A4A, 5.012%, 08/15/14
    1,851       1,737  
Massachusetts RRB Special Purpose Trust, Ser 2005-1, Cl A4, 4.400%, 03/15/15
    1,348       1,305  
PECO Energy Transition Trust, Ser 2000-A, Cl A4, 7.650%, 03/01/10
    1,144       1,173  
PSE&G Transition Funding LLC, Ser 2001-1, Cl A8, 6.890%, 12/15/17
    396       402  
                 
              7,147  
                 
Total Asset-Backed Securities
            21,290  
                 
Collateralized Mortgage Obligations (4.2%)
Asset Securitization Corp., Ser 1996-MD6, Cl A7, 8.631%, 11/13/29(a)
    2,588       2,798  
Banc of America Mortgage Securities, Ser 2003-5, Cl 2A1, 5.000%, 07/25/18
    5       5  
Bear Stearns Commercial Mortgage Securities, Inc., Ser 2001-TOP2, Cl A2, 6.480%, 02/15/35
    4,927       4,940  
Chase Commercial Mortgage Securities Corp., Ser 2000-3, Cl A2, 7.319%, 10/15/32
    1,239       1,259  
Countrywide Home Loans, Ser 2004-J1, Cl 1A1, 4.500%, 01/25/19
    1,050       991  
CS First Boston Mortgage Securities Corp., Ser 2001-CF2, Cl A4, 6.613%, 02/15/34
    1,109       1,113  
CS First Boston Mortgage Securities Corp., Ser 2002-CP5, Cl A1, 4.174%, 12/15/35
    6,938       6,607  
GE Capital Commercial Mortgage Corp., Ser 2000-1, Cl A2, 6.496%, 01/15/33
    2,799       2,810  
GE Capital Commercial Mortgage Corp., Ser 2003-C1, Cl A4, 4.899%, 01/10/38
    1,231       1,151  
GMAC Commercial Mortgage Securities, Inc., Ser 2000-C1, Cl A2, 7.724%, 03/15/33
    1,951       1,977  
GMAC Commercial Mortgage Securities, Inc., Ser 2001-C1, Cl A2, 6.465%, 04/15/34
    2,400       2,407  
JPMorgan Commercial Mortgage Finance Co., Ser 2000-C10, Cl A2, 7.371%, 08/15/32
    2,568       2,596  
LB-UBS Commercial Mortgage Trust, Ser 2000-C5, Cl A2, 6.619%, 12/15/26
    1,626       1,637  
 
See Notes to Financial Statements.


15


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Intermediate Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Collateralized Mortgage Obligations—continued
                 
Morgan Stanley Dean Witter Capital I, Ser 2001-TOP1, Cl A4, 6.660%, 02/15/33
    2,427       2,444  
Washington Mutual Mortgage Pass-Through Certificates, Ser 2003-S5, Cl 2A, 5.083%, 06/25/18
    1,182       1,138  
Washington Mutual Mortgage Pass-Through Certificates, Ser 2003-S7, Cl A1, 4.500%, 08/25/18
    1,935       1,827  
                 
Total Collateralized Mortgage Obligations
            35,700  
                 
Corporate Bonds (30.9%)
Aerospace/Defense (0.5%)
Lockheed Martin Corp., 4.121%, 03/14/13
    2,171       2,099  
United Technologies Corp., 4.875%, 05/01/15
    2,216       2,182  
                 
              4,281  
                 
Banks (2.1%)
Bank of America Corp., 7.400%, 01/15/11
    5,851       5,732  
Bank of America Corp., 5.375%, 09/11/12
    3,475       3,234  
Bank of New York Mellon, Ser G, 4.950%, 11/01/12
    2,968       2,822  
Bank of New York Mellon, Ser G, MTN, 4.500%, 04/01/13
    1,522       1,425  
Wells Fargo & Co., 4.375%, 01/31/13
    5,339       4,908  
                 
              18,121  
                 
Beverages (1.8%)
Coca-Cola Co.,
5.350%, 11/15/17
    3,796       3,753  
Diageo Capital PLC, 5.200%, 01/30/13
    1,529       1,521  
PepsiCo, Inc.,
5.000%, 06/01/18
    7,072       6,828  
SABMiller PLC,
6.200%, 07/01/11(b)
    3,406       3,492  
                 
              15,594  
                 
Building Materials (0.2%)
Lafarge SA,
6.150%, 07/15/11
    1,923       1,888  
                 
Chemicals (0.3%)
E.I. du Pont de Nemours & Co., 5.000%, 07/15/13
    2,974       2,929  
                 
Commercial Services (1.5%)
ERAC USA Finance Co., 5.800%, 10/15/12(b)
    2,286       2,078  
ERAC USA Finance Co., 5.600%, 05/01/15(b)
    1,902       1,569  
International Paper Co., 7.950%, 06/15/18
    2,379       2,338  
Veolia Environnement, 6.000%, 06/01/18
    3,075       2,949  
Xerox Corp.,
5.500%, 05/15/12
    1,495       1,425  
Xerox Corp.,
6.350%, 05/15/18
    2,706       2,473  
                 
              12,832  
                 
Computers (0.4%)
Hewlett-Packard Co., 4.500%, 03/01/13
    1,473       1,416  
IBM Corp.,
5.700%, 09/14/17
    1,752       1,697  
                 
              3,113  
                 
Consumer Staples (0.6%)
Kellogg Co.,
4.250%, 03/06/13
    2,233       2,154  
Kraft Foods, Inc.,
6.125%, 08/23/18(c)
    2,812       2,626  
                 
              4,780  
                 
Diversified Financial Services (5.1%)
ABX Financing Co.,
5.750%, 10/15/16(b)
    1,760       1,632  
American Express Co., 6.150%, 08/28/17(c)
    2,652       2,257  
CME Group, Inc.,
5.400%, 08/01/13
    3,214       3,224  
Credit Suisse (USA), Inc., 6.125%, 11/15/11
    2,886       2,840  
Credit Suisse (USA), Inc., 6.500%, 01/15/12
    1,504       1,484  
Fund American Cos., Inc., 5.875%, 05/15/13
    3,259       2,417  
General Electric Capital Corp., Ser A,
5.450%, 01/15/13
    6,027       5,630  
International Lease Finance Corp., Ser Q,
5.250%, 01/10/13
    1,417       913  
 
See Notes to Financial Statements.


16


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Intermediate Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Diversified Financial Services—continued
                 
International Lease Finance Corp., Ser R, 5.625%, 09/15/10
    1,971       1,325  
International Lease Finance Corp., Ser R, 5.625%, 09/20/13
    595       386  
Janus Capital Group, Inc., 5.875%, 09/15/11
    1,338       1,255  
Jefferies Group, Inc., 5.875%, 06/08/14
    2,896       2,432  
Lazard Group LLC, 7.125%, 05/15/15
    3,760       3,264  
Merrill Lynch & Co., Inc., MTN, 6.150%, 04/25/13
    20       18  
Merrill Lynch & Co., Inc., Ser C, MTN, 6.050%, 08/15/12
    4,587       4,301  
Northern Trust Co., 5.200%, 11/09/12
    3,539       3,506  
NYSE Euronext, 4.800%, 06/28/13
    3,649       3,474  
TIAA Global Markets, 5.125%, 10/10/12(b)
    3,575       3,640  
                 
              43,998  
                 
Electric (2.9%)
CenterPoint Energy, Inc., Ser A-4, 5.170%, 08/01/19
    1,799       1,754  
E.ON International Finance B.V., 5.800%, 04/30/18(b)
    6,905       6,599  
Enel Finance International, 5.700%, 01/15/13(b)
    6,885       6,956  
Exelon Generation Co. LLC, 6.200%, 10/01/17
    3,317       2,915  
MidAmerican Energy Holdings Co., Ser D, 5.000%, 02/15/14
    4,660       4,332  
Nevada Power Co., Ser L, 5.875%, 01/15/15
    670       633  
Oncor Electric Delivery Co., 6.375%, 01/15/15
    2,152       1,950  
                 
              25,139  
                 
Insurance (0.4%)
Berkshire Hathaway, Inc., 4.600%, 05/15/13(b)
    3,482       3,424  
                 
Materials (1.1%)
ArcelorMittal,
6.125%, 06/01/18(b)
    3,705       3,283  
Nucor Corp.,
5.850%, 06/01/18
    633       603  
Rio Tinto Finance (USA) Ltd., 5.875%, 07/15/13
    5,523       5,414  
                 
              9,300  
                 
Media (1.2%)
News America Holdings, Inc., 9.250%, 02/01/13
    2,391       2,554  
Thomson Reuters Corp., 5.950%, 07/15/13
    798       797  
Time Warner Cable, Inc., 5.850%, 05/01/17
    5,896       5,195  
Time Warner, Inc.,
5.500%, 11/15/11
    1,306       1,254  
Viacom, Inc.,
6.125%, 10/05/17
    766       695  
                 
              10,495  
                 
Miscellaneous Manufacturer (1.9%)
Clorox Co.,
5.450%, 10/15/12
    1,435       1,430  
General Electric Co., 5.000%, 02/01/13
    2,735       2,519  
General Electric Co., 5.250%, 12/06/17
    1,870       1,636  
Kimberly-Clark Corp., 6.125%, 08/01/17
    4,557       4,564  
Siemens Financierings NV, 5.750%, 10/17/16(b)
    2,350       2,280  
Wesfarmers Ltd.,
6.998%, 04/10/13(b)
    3,603       3,641  
                 
              16,070  
                 
Oil & Gas (1.5%)
Air Products & Chemicals, Inc., 4.150%, 02/01/13
    1,714       1,643  
Cameron International Corp., 6.375%, 07/15/18
    1,215       1,135  
Enterprise Products Operating LP, Ser B, 5.600%, 10/15/14
    3,418       3,221  
Praxair, Inc.,
4.625%, 03/30/15
    4,265       3,968  
Transocean, Inc.,
6.000%, 03/15/18(c)
    2,990       2,790  
Weatherford International Ltd., 4.950%, 10/15/13
    535       503  
                 
              13,260  
                 
                 
 
See Notes to Financial Statements.


17


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Intermediate Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Pharmaceuticals (3.9%)
Abbott Laboratories, 5.600%, 11/30/17
    4,824       4,676  
Astrazeneca PLC,
5.900%, 09/15/17(c)
    7,948       7,826  
Covidien International Finance SA, 6.000%, 10/15/17
    2,858       2,824  
GlaxoSmithKline Capital, Inc., 5.650%, 05/15/18
    4,497       4,269  
Johnson & Johnson, 5.550%, 08/15/17(c)
    4,724       4,803  
Merck & Co., Inc.,
5.125%, 11/15/11(c)
    1,825       1,906  
Schering-Plough,
6.000%, 09/15/17
    4,142       3,884  
Teva Pharmaceutical Finance LLC, 5.550%, 02/01/16
    823       765  
Walgreen Co.,
4.875%, 08/01/13
    2,328       2,327  
                 
              33,280  
                 
Pipelines (1.3%)
CenterPoint Energy Resources Corp., Ser B, 7.875%, 04/01/13
    2,503       2,569  
El Paso Natural Gas, 5.950%, 04/15/17
    590       522  
Energy Transfer Partners, 6.700%, 07/01/18(c)
    4,889       4,634  
Rockies Express Pipeline LLC, 6.850%, 07/15/18(b)
    2,597       2,493  
Southern Natural Gas Co., 5.900%, 04/01/17(b)(c)
    495       438  
Transcontinental Gas Pipeline Corp., 6.050%, 06/15/18(b)
    888       822  
                 
              11,478  
                 
Retail (1.4%)
J.C. Penney Corp., Inc., 5.750%, 02/15/18
    467       393  
Tesco PLC,
5.500%, 11/15/17(b)(c)
    3,306       2,960  
Wal-Mart Stores, Inc., 5.800%, 02/15/18
    8,532       8,335  
                 
              11,688  
                 
Software (0.5%)
Intuit, Inc.,
5.750%, 03/15/17
    658       582  
Oracle Corp.,
5.750%, 04/15/18
    4,051       3,761  
                 
              4,343  
                 
Telecommunication Services (2.3%)
AT&T, Inc.,
4.950%, 01/15/13
    2,990       2,865  
AT&T, Inc.,
5.100%, 09/15/14
    2,999       2,805  
Cisco Systems, Inc., 5.500%, 02/22/16(c)
    3,113       2,991  
Comcast Corp., 4.950%, 06/15/16
    1,606       1,384  
Rogers Wireless, Inc., 7.500%, 03/15/15
    1,464       1,488  
Verizon Communications, Inc., 5.250%, 04/15/13
    2,381       2,295  
Verizon Communications, Inc., 5.550%, 02/15/16
    1,542       1,421  
Vodafone Group PLC, 5.500%, 06/15/11
    4,148       4,109  
                 
              19,358  
                 
Total Corporate Bonds
            265,371  
                 
U.S. Government Agency Mortgages (18.3%)
Fannie Mae (4.2%)
5.725%, 03/01/12
    205       208  
6.260%, 05/01/12
    299       309  
5.000%, 10/14/38
    36,621       35,683  
                 
              36,200  
                 
Ginnie Mae (14.1%)
4.449%, 03/16/25
    309       309  
4.811%, 05/16/27
    370       371  
5.381%, 02/16/31(a)
    400       402  
5.269%, 03/16/37(a)
    400       397  
6.000%, 01/15/38
    10,082       10,246  
6.000%, 04/15/38
    42,580       43,238  
6.000%, 09/15/38
    22,540       22,907  
6.000%, 09/15/38
    42,580       43,273  
                 
              121,143  
                 
Total U.S. Government Agency Mortgages
            157,343  
                 
Municipal Bonds (5.2%)
Austin Texas Water & Wastewater System, RB, 5.250%, 05/15/22, Prerefunded 05/15/11 @ 100, FSA
    2,170       2,312  
 
See Notes to Financial Statements.


18


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Intermediate Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Municipal Bonds—continued
                 
California State Department Water Resource Power Supply, Ser A, RB, 5.500%, 05/01/16, Prerefunded 05/01/12 @ 101, AMBAC
    1,150       1,255  
California State Department Water Resource Power Supply, Ser A, RB, 5.250%, 05/01/20, Prerefunded 05/01/12 @ 101, MBIA-IBC
    3,265       3,537  
Chicago Illinois Board of Education, Ser C, GO, 5.000%, 12/01/31, Prerefunded 12/01/11 @ 100, FSA
    1,450       1,532  
Cincinnati Ohio City School District, Classroom Facilities Construction & Improvement, GO, 5.000%, 12/01/31, Prerefunded 12/01/13 @ 100, FSA
    2,765       2,961  
Clark County Washington School District No. 37, Vancouver, Ser B, GO, 5.750%, 12/01/15, Prerefunded 12/01/11 @ 100, SBG
    1,535       1,660  
Greenville County South Carolina School District Installment Purchase, Building Equity Sooner for Tomorrow, RB, 5.500%, 12/01/28, Prerefunded 12/01/12 @ 101
    4,180       4,620  
Indianapolis Local Public Improvement Bond Bank, Waterworks Project, Ser A, RB, 5.250%, 07/01/33, Prerefunded 07/01/12 @ 100, MBIA
    4,015       4,296  
Lincoln Nebraska Electricity System, RB, 5.250%, 09/01/17, Prerefunded 09/01/11 @ 100
    2,365       2,510  
Los Angeles California Unified School District, Ser D, GO, 5.500%, 07/01/21, Prerefunded 07/01/10 @ 100, FGIC
    3,680       3,795  
Metropolitan Transportation Authority, Ser B, RB, 5.250%, 11/15/32, Prerefunded 11/15/13 @ 100
    2,900       3,153  
North Carolina State, Public Improvement, Ser A, GO, 5.000%, 03/01/18, Prerefunded 03/01/11 @ 102
    2,770       2,977  
Pennsylvania State Turnpike Commission, Registration Fee, RB, 5.125%, 07/15/23, Prerefunded 07/15/11 @ 101, AMBAC
    2,055       2,191  
San Antonio Independent School District Building, Ser A, GO, 5.000%, 08/15/31, Prerefunded 08/15/11 @ 100, PSF-GTD
    3,610       3,808  
Tacoma Washington Electric Systems, Ser A, RB, 5.750%, 01/01/18, Prerefunded 01/01/11 @ 101, FSA
    1,365       1,462  
University of Texas Permanent University Fund, Ser B, RB, 4.750%, 07/01/30, Prerefunded 07/01/14 @ 100
    2,760       2,921  
                 
Total Municipal Bonds
            44,990  
                 
U.S. Treasury Obligations (37.3%)
U.S. Treasury Notes (37.3%)
               
3.125%, 10/15/08
    1,500       1,501  
4.000%, 04/15/10(c)
    80,991       83,635  
4.375%, 12/15/10(c)
    71,515       75,164  
3.625%, 12/31/12
    5,603       5,797  
2.500%, 03/31/13(c)
    39,658       39,023  
3.375%, 06/30/13(c)
    75,183       76,693  
3.875%, 05/15/18(c)
    38,492       38,745  
              320,558  
                 
Total U.S. Treasury Obligations
            320,558  
                 
 
See Notes to Financial Statements.


19


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Intermediate Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Short-Term Investment (30.1%)
Credit Suisse Enhanced
               
Liquidity Fund(d)
    258,952,719       258,953  
                 
Total Short-Term Investment
            258,953  
                 
Money Market Fund (7.9%)
RidgeWorth Institutional
               
Cash Management Money
               
Market Fund(e)
    67,679,855       67,680  
                 
Total Money Market Fund
            67,680  
                 
Total Investments (Cost $1,187,907)(f) — 136.3%
            1,171,885  
Liabilities in excess of other assets — (36.3)%
            (312,128 )
                 
Net Assets — 100.0%
          $ 859,757  
                 
 
(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.
 
(b) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 5.2% of net assets as of September 30, 2008.
 
(c) This security or a partial position of the security was on loan as of September 30, 2008. The total value of securities on loan as of September 30, 2008, in thousands, was $254,315.
 
(d) This security was purchased with cash collateral held from securities lending.
 
(e) Affiliate investment.
 
(f) Represents cost for financial reporting purposes.
 
AMBAC
— Security guaranteed by American Municipal Bond Assurance Corporation
 
FGIC
— Security guaranteed by Financial Guaranty Insurance Company
 
FSA
— Security guaranteed by Financial Security Assurance
 
GO
— General Obligation
 
IBC
— Security guaranteed by Insurance Bond Certificate
 
MBIA
— Security guaranteed by Municipal Bond Insurance Association
 
MTN
— Medium Term Note
 
PSF-GTD
— Security guaranteed by Permanent School Fund Guarantee Program
 
RB
— Revenue Bond
 
SBG
— School Board Guaranty
 
Credit Default Swap Agreements
 
                                       
        Notional
  Fixed
  Expiration
   
Underlying Instrument
  Counterparty   Amount($)   Rate(%)   Date   Value($)
 
Republic of Brazil
  Barclays Bank PLC     4,015       1 .67       10/20/13       (10 )
Brunswick Corp. 
  Merrill Lynch     (120 )     1 .15       03/20/17       17  
Brunswick Corp. 
  Merrill Lynch     (500 )     1 .20       03/20/17       70  
Brunswick Corp. 
  Credit Suisse First Boston     (1,680 )     3 .95       12/20/13       (3 )
Capital One Financial Corp. 
  Citibank N.A.     (1,415 )     3 .10       09/20/13       21  
Capital One Financial Corp. 
  Citibank N.A.     (885 )     1 .65       06/20/13       62  
Centex Corp. 
  Credit Suisse First Boston     (620 )     2 .65       09/20/17       40  
Centex Corp. 
  Merrill Lynch     (1,680 )     5 .05       09/20/13       (43 )
FedEx Corp. 
  Credit Suisse First Boston     (2,300 )     1 .07       09/20/13       (11 )
Gannett Co., Inc. 
  Citibank N.A.     (500 )     0 .83       06/20/17       80  
Gannett Co., Inc. 
  Credit Suisse First Boston     (1,680 )     3 .15       09/20/13       58  
Gannett Co., Inc. 
  Citibank N.A.     (120 )     0 .81       06/20/17       19  
Marriott International, Inc. 
  Credit Suisse First Boston     (2,300 )     2 .62       09/20/13       (10 )
Masco Corp. 
  Merrill Lynch     (1,560 )     2 .20       06/20/13       32  
Masco Corp. 
  Merrill Lynch     (740 )     3 .25       09/20/13       (16 )
Simon Property Group, Inc. 
  Credit Suisse First Boston     (2,300 )     1 .64       09/20/13       (1 )
Toll Brothers, Inc. 
  Merrill Lynch     (1,560 )     2 .65       06/20/13       (16 )
Toll Brothers, Inc. 
  Merrill Lynch     (740 )     2 .95       09/20/13       (18 )
Turkey
  Barclays Bank PLC     (1,025 )     2 .88       10/20/13       (4 )
                                       
                                    267  
                                       
 
See Notes to Financial Statements.


20


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Intermediate Bond Fund — continued
 
Interest Rate Swaps
 
                                             
        Notional
  (Pay)/Receive
  Fixed
  Expiration
   
Underlying Instrument
  Counterparty   Amount($)   Floating Rate   Rate(%)   Date   Value($)
 
Fixed 1-Year FWD
  UBS AG     4,237       Receive       6.71       08/12/10       17  
Fixed 10-Year Israel
  Citibank N.A.     603       Receive       5.78       08/20/18       (5 )
Fixed 10-Year Norway
  UBS AG     520       Receive       5.66       08/15/18       13  
Fixed 130X1 TIIE
  Barclays Bank PLC     1,269       Receive       9.06       09/10/18       17  
Fixed 2-Year New Zealand Bill
  UBS AG     2,208       Receive       7.24       08/13/10       10  
Fixed 2-Year New Zealand Bill
  UBS AG     2,242       Receive       7.27       09/04/10       15  
Fixed 2-Year PLN
  Barclays Bank PLC     2,253       Receive       6.04       10/01/10        
Fixed 2-Year Sweden
  UBS AG     2,173       Receive       5.09       09/02/10       14  
Fixed 2-Year Sweden
  Barclays Bank PLC     2,215       Receive       5.07       09/05/10       15  
Fixed 2-Year Sweden
  Barclays Bank PLC     56,032       Receive       5.07       09/08/10       369  
Fixed 2-Year Sweden
  UBS AG     58,682       Receive       4.96       09/15/10       240  
Fixed 2-Year UK
  Barclays Bank PLC     3,179       Receive       5.16       09/15/10       (2 )
Fixed 26X1 TIIE
  Citibank N.A.     57,576       Receive       8.92       08/13/10       447  
Fixed 5-Year CLP
  Citibank N.A.     973       Receive       7.74       08/19/13       20  
Fixed 5-Year CLP
  Citibank N.A.     997       Receive       7.85       09/09/13       26  
Fixed 5-Year Euro
  Barclays Bank PLC     949       Receive       4.58       08/28/13       (4 )
Fixed DI 1/2/12
  Citibank N.A.     1,377       Receive       14.17       01/02/12       1  
                                             
                                          1,193  
                                             
 
At September 30, 2008, liquid assets totaling $82,038, in thousands, have been designated as collateral for open swap agreements.
 
See Notes to Financial Statements.


21


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Intermediate Bond Fund — concluded
 
At September 30, 2008 the Fund’s foreign currency contracts were as follows:
 
                                         
        Contract
           
        Amount
  Contract
      Unrealized
    Delivery
  in Local
  Value in
  Market
  Appreciation
Currency
  Date   Currency   USD($)   Value($)   (Depreciation)($)
 
Short:
                                       
Australian Dollar
    10/08/08       946       855       747       108  
Brazilian Real
    10/08/08       825       502       433       69  
Brazilian Real
    12/15/08       653       350       338       12  
Brazilian Real
    12/23/08       1,630       874       844       30  
Brazilian Real
    12/26/08       1,627       865       842       23  
British Pound
    10/22/08       257       510       458       52  
British Pound
    10/27/08       257       510       457       53  
British Pound
    11/04/08       172       340       306       34  
Chilean Peso
    10/08/08       176,630       344       320       24  
Chilean Peso
    12/02/08       451,835       861       815       46  
Colombian Peso
    11/20/08       658,950       345       300       45  
Colombian Peso
    12/10/08       722,750       350       327       23  
Colombian Peso
    12/10/08       366,625       175       166       9  
Czech Republic Koruna
    12/12/08       6,171       350       355       (5 )
Euro
    11/04/08       328       510       464       46  
Euro
    12/09/08       247       350       349       1  
Euro
    12/24/08       593       871       837       34  
India Rupee
    10/08/08       21,748       513       463       50  
Japanese Yen
    11/04/08       54,871       510       519       (9 )
Malaysian Ringgit
    10/20/08       1,281       398       373       25  
Malaysian Ringgit
    10/20/08       1,281       395       373       22  
Malaysian Ringgit
    10/06/08       2,783       843       809       34  
Mexican Nuevo Peso
    10/27/08       5,201       518       474       44  
Norwegian Krone
    10/15/08       4,616       848       785       63  
Norwegian Krone
    11/28/88       9,438       1,692       1,602       90  
Phillipine Peso
    11/06/08       22,727       512       484       28  
Polish Zloty
    12/12/08       857       350       355       (5 )
Singapore Dollar
    10/21/08       547       401       381       20  
Singapore Dollar
    10/21/08       547       400       381       19  
Swedish Krona
    11/28/08       5,603       870       810       60  
Swedish Krona
    12/11/08       2,372       350       343       7  
Turkish Lira
    11/12/08       225       165       175       (10 )
Turkish Lira
    11/12/08       227       170       176       (6 )
Turkish Lira
    11/12/08       227       170       176       (6 )
Turkish Lira
    11/12/08       449       340       349       (9 )
Turkish Lira
    12/19/08       225       170       172       (2 )
Turkish Lira
    12/19/08       442       335       339       (4 )
Turkish Lira
    12/26/08       2,220       1,694       1,699       (5 )
Turkish Lira
    12/19/08       222       170       170        
Turkish Lira
    11/07/08       620       507       483       24  
Turkish Lira
    12/12/08       447       350       344       6  
                                         
Total Short Contract:
                  $ 21,633     $ 20,593     $ 1,040  
                                         
Long:
                                       
Australian Dollar
    10/08/08       946       853       747       (106 )
Brazilian Real
    10/08/08       825       515       433       (82 )
Brazilian Real
    12/15/08       653       359       338       (21 )
Brazilian Real
    12/23/08       1,630       870       844       (26 )
Brazilian Real
    12/26/08       1,627       865       842       (23 )
British Pound
    10/22/08       257       510       458       (52 )
British Pound
    10/27/08       257       505       457       (48 )
British Pound
    11/04/08       172       334       307       (27 )
Chilean Peso
    10/08/08       176,630       340       320       (20 )
Chilean Peso
    12/02/08       451,835       870       815       (55 )
Colombian Peso
    11/20/08       658,950       327       300       (27 )
Colombian Peso
    12/10/08       1,089,375       526       493       (33 )
Czech Republic Koruna
    12/12/08       6,171       358       355       (3 )
Euro
    11/04/08       328       505       464       (41 )
Euro
    12/09/08       247       348       349       1  
Euro
    12/24/08       593       870       837       (33 )
Indian Rupee
    10/08/08       21,748       515       463       (52 )
Japanese Yen
    11/04/08       54,871       510       519       9  
Malaysian Ringgit
    10/06/08       2,783       855       809       (46 )
Malaysian Ringgit
    10/20/08       2,562       815       746       (69 )
Mexican Nuevo Peso
    10/27/08       5,201       510       474       (36 )
Norwegian Krone
    10/15/08       4,616       855       785       (70 )
Norwegian Krone
    11/28/08       4,717       870       800       (70 )
Norwegian Krone
    11/28/08       4,721       870       801       (69 )
Phillipine Peso
    11/06/08       22,727       515       484       (31 )
Polish Zloty
    12/12/08       857       358       355       (3 )
Singapore Dollar
    10/21/08       1,094       815       762       (53 )
Swedish Krona
    11/28/08       5,603       852       811       (41 )
Swedish Krona
    12/11/08       2,372       352       342       (10 )
Turkish Lira
    11/07/08       620       515       483       (32 )
Turkish Lira
    11/12/08       452       341       351       10  
Turkish Lira
    11/12/08       675       507       525       18  
Turkish Lira
    12/12/08       447       348       343       (5 )
Turkish Lira
    12/19/08       888       685       682       (3 )
Turkish Lira
    12/26/08       2,220       1705       1699       (6 )
                                         
Total Long Contract:
                  $ 21,748     $ 20,593     $ (1,155 )
                                         
 
See Notes to Financial Statements.


22


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Investment Grade Bond Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Asset-Backed Securities (3.0%)
Automobiles (0.6%)
Capital One Prime Auto Receivables Trust, Ser 2006-2, Cl A4, 5.022%, 07/15/12
    1,271       1,252  
Honda Auto Receivables Owner Trust, Ser 2006-3, Cl A4, 5.014%, 04/15/12
    1,210       1,201  
                 
              2,453  
                 
Credit Card ABS (0.8%)
American Express Issuance Trust, Ser 2008-2, Cl A, 4.020%, 01/18/11
    2,428       2,417  
Citibank Credit Card Issuance Trust, Ser 2008-A7, Cl A7, 4.150%, 07/07/17
    1,000       875  
                 
              3,292  
                 
Home Equity ABS (0.2%)
Citifinancial Mortgage Securities, Inc., Ser 2003-1, Cl AF5, 4.282%, 01/25/33(a)
    961       826  
                 
Utility ABS (1.4%)
CenterPoint Energy Transition Bond Co., Ser 2008-A, Cl A2, 5.234%, 02/01/23(a)
    1,621       1,446  
CNH Equipment Trust, Ser 2007-C, Cl A3A, 5.210%, 12/15/11
    1,691       1,688  
CNH Equipment Trust, Ser 2008-A, Cl A4A, 5.012%, 08/15/14
    865       812  
Massachusetts RRB Special Purpose Trust, Ser 2005-1, Cl A4, 4.400%, 03/15/15
    627       607  
PECO Energy Transition Trust, Ser 2000-A, Cl A4, 7.650%, 03/01/10
    839       860  
PSE&G Transition Funding LLC, Ser 2001-1, Cl A8, 6.890%, 12/15/17
    295       299  
                 
              5,712  
                 
Total Asset-Backed Securities
            12,283  
                 
Collateralized Mortgage Obligations (4.1%)
Asset Securitization Corp., Ser 1996-MD6, Cl A7, 8.631%, 11/13/29(a)
    1,256       1,358  
Bear Stearns Commercial Mortgage Securities, Inc., Ser 2001-TOP2, Cl A2, 6.480%, 02/15/35
    2,540       2,545  
Chase Commercial Mortgage Securities Corp., Ser 2000-3, Cl A2, 7.319%, 10/15/32
    918       933  
Countrywide Home Loans, Ser 2004-J1, Cl 1A1, 4.500%, 01/25/19
    799       755  
CS First Boston Mortgage Securities Corp., Ser 2001-CF2, Cl A4, 6.613%, 02/15/34
    744       747  
GE Capital Commercial Mortgage Corp., Ser 2000-1, Cl A2, 6.496%, 01/15/33
    2,072       2,080  
GE Capital Commercial Mortgage Corp., Ser 2003-C1, Cl A4, 4.899%, 01/10/38
    593       555  
GMAC Commercial Mortgage Securities, Inc., Ser 2001-C1, Cl A2, 6.465%, 04/15/34
    1,017       1,019  
JPMorgan Commercial Mortgage Finance Co., Ser 2000-C10, Cl A2, 7.371%, 08/15/32
    1,811       1,830  
LB-UBS Commercial Mortgage Trust, Ser 2000-C5, Cl A2, 6.619%, 12/15/26
    1,156       1,163  
Morgan Stanley Dean Witter Capital I, Ser 2001-TOP1, Cl A4, 6.660%, 02/15/33
    1,778       1,790  
Washington Mutual Mortgage Pass-Through Certificates, Ser 2003-S5, Cl 2A, 5.083%, 06/25/18
    832       801  
Washington Mutual Mortgage Pass-Through Certificates, Ser 2003-S7, Cl A1, 4.500%, 08/25/18
    899       849  
                 
Total Collateralized Mortgage Obligations
            16,425  
                 
                 
 
See Notes to Financial Statements.


23


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Investment Grade Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Corporate Bonds (36.8%)
Aerospace/Defense (0.9%)
Boeing Co. (The),
5.125%, 02/15/13
    1,419       1,417  
Lockheed Martin Corp., 4.121%, 03/14/13
    1,161       1,122  
United Technologies Corp., 4.875%, 05/01/15
    1,230       1,212  
                 
              3,751  
                 
Auto Manufacturers (0.3%)
DaimlerChrysler NA Holding Corp., 8.500%, 01/18/31(b)
    1,268       1,274  
                 
Banks (2.5%)
Bank of America Corp., 7.400%, 01/15/11
    3,339       3,271  
Bank of America Corp., 5.375%, 09/11/12
    1,920       1,787  
Bank of New York Mellon, Ser G, 4.950%, 11/01/12
    1,848       1,757  
Bank of New York Mellon, Ser G, MTN, 4.500%, 04/01/13
    814       762  
Wells Fargo & Co.,
4.375%, 01/31/13(b)
    2,640       2,427  
                 
              10,004  
                 
Beverages (2.2%)
Coca-Cola Co.,
5.350%, 11/15/17
    2,362       2,335  
Diageo Capital PLC,
5.200%, 01/30/13
    943       938  
PepsiCo, Inc.,
5.000%, 06/01/18
    3,621       3,496  
SABMiller PLC,
6.200%, 07/01/11(c)
    1,853       1,900  
                 
              8,669  
                 
Building Materials (0.4%)
Lafarge SA,
6.150%, 07/15/11
    993       975  
Martin Marietta Materials, Inc., 6.250%, 05/01/37
    836       624  
                 
              1,599  
                 
Chemicals (0.7%)
E.I. du Pont de Nemours & Co., 5.000%, 07/15/13
    1,537       1,514  
Potash Corp. of Saskatchewan, Inc., 5.875%, 12/01/36
    1,363       1,105  
                 
              2,619  
                 
Commercial Services (1.7%)
ERAC USA Finance Co., 5.800%, 10/15/12(c)
    1,225       1,113  
ERAC USA Finance Co., 5.600%, 05/01/15(c)
    1,148       947  
International Paper Co., 7.950%, 06/15/18
    1,197       1,176  
Veolia Environnement, 6.000%, 06/01/18
    1,582       1,517  
Xerox Corp., 5.500%, 05/15/12
    908       866  
Xerox Corp., 6.350%, 05/15/18
    1,417       1,295  
                 
              6,914  
                 
Computers (0.5%)
Hewlett-Packard Co., 4.500%, 03/01/13
    804       773  
IBM Corp., 5.700%, 09/14/17
    783       758  
IBM Corp., 5.875%, 11/29/32
    340       315  
                 
              1,846  
                 
Consumer Staples (0.6%)
Kellogg Co., 4.250%, 03/06/13
    1,190       1,148  
Kraft Foods, Inc.,
6.125%, 08/23/18
    1,440       1,345  
                 
              2,493  
                 
Diversified Financial Services (5.3%)
ABX Financing Co.,
6.350%, 10/15/36(c)
    873       721  
American Express Co., 6.150%, 08/28/17(b)
    1,189       1,012  
CME Group, Inc.,
5.400%, 08/01/13
    1,648       1,653  
Credit Suisse (USA), Inc., 6.125%, 11/15/11
    1,320       1,299  
Credit Suisse (USA), Inc., 6.500%, 01/15/12
    692       683  
Fund American Cos., Inc., 5.875%, 05/15/13
    2,245       1,665  
General Electric Capital Corp., Ser A, 5.450%, 01/15/13
    1,563       1,460  
HSBC Holdings PLC,
7.625%, 05/17/32
    774       686  
International Lease Finance Corp., Ser Q, 5.250%, 01/10/13
    679       437  
International Lease Finance Corp., Ser R, 5.625%, 09/15/10
    1,377       926  
 
See Notes to Financial Statements.


24


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Investment Grade Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Diversified Financial Services—continued
                 
International Lease Finance Corp., Ser R, 5.625%, 09/20/13
    456       296  
Janus Capital Group, Inc., 5.875%, 09/15/11
    783       734  
Lazard Group LLC,
7.125%, 05/15/15
    2,326       2,019  
Merrill Lynch & Co., Inc., MTN, 6.150%, 04/25/13
    1,423       1,315  
Merrill Lynch & Co., Inc., Ser C, MTN, 6.050%, 08/15/12
    1,119       1,049  
Northern Trust Co.,
5.200%, 11/09/12
    2,158       2,139  
NYSE Euronext,
4.800%, 06/28/13
    1,863       1,774  
TIAA Global Markets,
5.125%, 10/10/12(c)
    1,515       1,543  
                 
              21,411  
                 
Electric (3.3%)
CenterPoint Energy, Inc., Ser A-4, 5.170%, 08/01/19
    1,353       1,319  
E.ON International Finance B.V., 5.800%, 04/30/18(c)
    3,659       3,497  
Enel Finance International, 6.800%, 09/15/37(c)
    1,497       1,469  
Exelon Generation Co. LLC, 6.200%, 10/01/17
    1,441       1,266  
MidAmerican Energy Holdings Co., 6.125%, 04/01/36
    1,303       1,096  
Nevada Power Co., Ser L, 5.875%, 01/15/15
    456       431  
Nevada Power Co., Ser R, 6.750%, 07/01/37
    974       873  
Oncor Electric Delivery Co., 7.000%, 05/01/32
    856       683  
Pacific Gas & Electric Co., 6.050%, 03/01/34
    1,411       1,245  
Public Service Colorado, Ser 17, 6.250%, 09/01/37
    780       717  
Wisconsin Power & Light Co., 6.375%, 08/15/37
    793       737  
                 
              13,333  
                 
Insurance (0.4%)
Berkshire Hathaway, Inc., 4.600%, 05/15/13(c)
    1,800       1,770  
                 
Materials (1.0%)
ArcelorMittal,
6.125%, 06/01/18(c)
    1,895       1,679  
Nucor Corp.,
5.850%, 06/01/18
    321       306  
Rio Tinto Finance (USA) Ltd., 5.875%, 07/15/13
    1,101       1,079  
Rio Tinto Finance (USA) Ltd., 7.125%, 07/15/28
    1,140       1,091  
                 
              4,155  
                 
Media (1.3%)
News America Holdings, Inc., 6.200%, 12/15/34
    679       541  
Thomson Reuters Corp., 5.950%, 07/15/13
    403       403  
Time Warner Cable, Inc., 5.850%, 05/01/17
    3,560       3,136  
Time Warner, Inc.,
6.500%, 11/15/36
    840       638  
Viacom, Inc.,
6.125%, 10/05/17
    325       295  
                 
              5,013  
                 
Miscellaneous Manufacturer (2.5%)
Clorox Co., 5.450%, 10/15/12
    609       607  
General Electric Co.,
5.000%, 02/01/13
    3,672       3,382  
General Electric Co.,
5.250%, 12/06/17
    1,107       969  
Kimberly-Clark Corp., 6.125%, 08/01/17
    2,138       2,141  
Siemens Financierings NV, 6.125%, 08/17/26(c)
    1,006       922  
Wesfarmers Ltd.,
6.998%, 04/10/13(c)
    1,917       1,937  
                 
              9,958  
                 
Oil & Gas (2.0%)
Air Products & Chemicals, Inc., 4.150%, 02/01/13
    967       927  
Apache Corp.,
6.000%, 01/15/37
    823       696  
Cameron International Corp., 6.375%, 07/15/18
    615       574  
ConocoPhillips,
5.900%, 10/15/32
    602       545  
Enterprise Products Operating LP, Ser B, 5.750%, 03/01/35(b)
    993       755  
Praxair, Inc.,
4.625%, 03/30/15
    2,311       2,150  
 
See Notes to Financial Statements.


25


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Investment Grade Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Oil & Gas—continued
                 
Transocean, Inc.,
6.000%, 03/15/18
    599       559  
Transocean, Inc.,
6.800%, 03/15/38
    1,284       1,178  
Weatherford International, Inc., 6.500%, 08/01/36
    916       790  
                 
              8,174  
                 
Pharmaceuticals (3.8%)
Abbott Laboratories,
5.600%, 11/30/17
    2,955       2,864  
AstraZeneca PLC,
6.450%, 09/15/37
    2,430       2,324  
Covidien International Finance SA, 6.000%, 10/15/17
    1,760       1,739  
GlaxoSmithKline Capital, Inc., 5.650%, 05/15/18
    2,306       2,189  
Johnson & Johnson,
5.550%, 08/15/17
    2,159       2,195  
Merck & Co., Inc.,
5.125%, 11/15/11(b)
    967       1,010  
Schering-Plough Corp., 6.550%, 09/15/37
    1,184       1,084  
Teva Pharmaceutical Finance LLC, 6.150%, 02/01/36
    613       537  
Walgreen Co.,
4.875%, 08/01/13
    1,200       1,200  
                 
              15,142  
                 
Pipelines (2.1%)
CenterPoint Energy Resources Corp., Ser B, 7.875%, 04/01/13
    1,191       1,222  
Colonial Pipeline Co., 6.375%, 08/01/37(c)
    1,680       1,485  
El Paso Natural Gas, 5.950%, 04/15/17
    650       575  
Energy Transfer Partners, 7.500%, 07/01/38
    1,774       1,674  
Rockies Express Pipeline LLC, 6.850%, 07/15/18(c)
    1,316       1,263  
Southern Natural Gas Co., 5.900%, 04/01/17(b)(c)
    445       394  
Trans-Canada Pipelines, 6.200%, 10/15/37
    1,610       1,383  
Transcontinental Gas Pipeline Corp., 6.050%, 06/15/18(c)
    460       426  
                 
              8,422  
                 
Retail (1.6%)
J.C. Penney Corp., Inc., 5.750%, 02/15/18
    284       239  
Tesco PLC, 5.500%, 11/15/17(b)(c)
    2,060       1,844  
Wal-Mart Stores, Inc., 6.500%, 08/15/37
    4,505       4,227  
                 
              6,310  
                 
Software (0.6%)
Intuit, Inc., 5.750%, 03/15/17
    373       330  
Oracle Corp.,
5.750%, 04/15/18
    2,178       2,022  
                 
              2,352  
                 
Telecommunication Services (3.1%)
AT&T, Inc., 4.950%, 01/15/13
    1,738       1,665  
AT&T, Inc., 5.100%, 09/15/14
    1,548       1,448  
AT&T, Inc., 6.450%, 06/15/34
    947       813  
Cisco Systems, Inc.,
5.500%, 02/22/16
    1,913       1,838  
Comcast Corp.,
6.450%, 03/15/37
    856       690  
Rogers Wireless, Inc., 7.500%, 03/15/15
    890       905  
Verizon Communications, Inc., 5.250%, 04/15/13
    1,266       1,220  
Verizon Communications, Inc., 5.550%, 02/15/16
    1,337       1,232  
Vodafone Group PLC, 5.500%, 06/15/11
    2,464       2,441  
Wal-Mart Stores, Inc., 5.250%, 09/01/35
    492       393  
                 
              12,645  
                 
Total Corporate Bonds
            147,854  
                 
U.S. Government Agency (0.2%)
Freddie Mac (0.2%)
4.050%, 11/17/09
    700       707  
                 
Total U.S. Government Agency
            707  
                 
U.S. Government Agency Mortgages (17.6%)
Fannie Mae (6.2%)
5.000%, 10/14/38
    25,809       25,147  
                 
Ginnie Mae (11.4%)
7.000%, 04/15/13
    117       123  
7.000%, 08/15/14
    84       89  
7.000%, 05/15/31
    52       54  
6.000%, 01/15/38
    3,827       3,890  
6.000%, 04/15/38
    16,162       16,412  
 
See Notes to Financial Statements.


26


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Investment Grade Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Ginnie Mae—continued
                 
6.000%, 09/15/38
    16,162       16,425  
6.000%, 09/15/38
    8,555       8,695  
                 
              45,688  
                 
Total U.S. Government Agency Mortgages
            70,835  
                 
U.S. Treasury Obligations (29.3%)
U.S. Treasury Bonds (4.9%)
4.375%, 02/15/38(b)
    19,533       19,781  
                 
U.S. Treasury Notes (24.4%)
3.125%, 10/15/08
    1,000       1,001  
4.375%, 12/15/10(b)
    40,849       42,933  
4.875%, 04/30/11(b)
    7,247       7,756  
3.625%, 12/31/12
    3,579       3,703  
2.500%, 03/31/13(b)
    523       515  
3.375%, 06/30/13(b)
    15,645       15,959  
3.875%, 05/15/18(b)
    25,906       26,076  
                 
              97,943  
                 
Total U.S. Treasury Obligations
            117,724  
                 
Municipal Bonds (5.5%)
Austin Texas Water & Wastewater System, RB, 5.250%, 05/15/22, Prerefunded 05/15/11 @ 100, FSA
    1,015       1,082  
California State Department Water Resource Power Supply, Ser A, RB, 5.500%, 05/01/16, Prerefunded 05/01/12 @ 101, AMBAC
    580       633  
California State Department Water Resource Power Supply, Ser A, RB, 5.250%, 05/01/20, Prerefunded 05/01/12 @ 101, MBIA-IBC
    1,540       1,668  
Chicago Illinois Board of Education, Ser C, GO, 5.000%, 12/01/31, Prerefunded 12/01/11 @ 100, FSA
    730       771  
Cincinnati Ohio City School District, Classroom Facilities Construction & Improvement, GO, 5.000%, 12/01/31, Prerefunded 12/01/13 @ 100, FSA
    1,385       1,483  
Clark County Washington School District No. 37, Vancouver, Ser B, GO, 5.750%, 12/01/15, Prerefunded 12/01/11 @ 100, SBG
    770       833  
Greenville County South Carolina School District Installment Purchase, Building Equity Sooner for Tomorrow, RB, 5.500%, 12/01/28, Prerefunded 12/01/12 @ 101
    1,965       2,171  
Indianapolis Local Public Improvement Bond Bank, Waterworks Project, Ser A, RB, 5.250%, 07/01/33, Prerefunded 07/01/12 @ 100, MBIA
    2,005       2,146  
Lincoln Nebraska Electricity System, RB, 5.250%, 09/01/17, Prerefunded 09/01/11 @ 100
    1,180       1,253  
Los Angeles California Unified School District, Ser D, GO, 5.500%, 07/01/21, Prerefunded 07/01/10 @ 100, FGIC
    1,730       1,784  
Metropolitan Transportation Authority, Ser B, RB, 5.250%, 11/15/32, Prerefunded 11/15/13 @ 100
    1,440       1,565  
North Carolina State, Public Improvement, Ser A, GO, 5.000%, 03/01/18, Prerefunded 03/01/11 @ 102
    1,295       1,392  
Pennsylvania State Turnpike Commission, Registration Fee, RB, 5.125%, 07/15/23, Prerefunded 07/15/11 @ 101, AMBAC
    1,115       1,189  
San Antonio Independent School District Building, Ser A, GO, 5.000%, 08/15/31, Prerefunded 08/15/11 @ 100, PSF-GTD
    1,800       1,899  
 
See Notes to Financial Statements.


27


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Investment Grade Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Municipal Bonds—continued
                 
Tacoma Washington Electric Systems, Ser A, RB, 5.750%, 01/01/18, Prerefunded 01/01/11 @ 101, FSA
    680       728  
University of Texas Permanent University Fund, Ser B, RB, 4.750%, 07/01/30, Prerefunded 07/01/14 @ 100
    1,370       1,450  
                 
Total Municipal Bonds
            22,047  
                 
Short-Term Investment (26.3%)
Credit Suisse Enhanced
               
Liquidity Fund(d)
    105,845,536       105,846  
                 
Total Short-Term Investment
            105,846  
                 
Money Market Fund (10.7%)
RidgeWorth Institutional Cash Management Money Market Fund(e)
    42,901,189       42,901  
                 
Total Money Market Fund
            42,901  
                 
Total Investments
(Cost $548,030)(f) — 133.5%
            536,622  
Liabilities in excess of other assets — (33.5)%
            (134,524 )
                 
Net Assets — 100.0%
          $ 402,098  
                 
 
(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.
 
(b) This security or a partial position of the security was on loan as of September 30, 2008. The total value of securities on loan as of September 30, 2008, in thousands, was $103,871.
 
(c) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 5.7% of net assets as of September 30, 2008.
 
(d) This security was purchased with cash collateral held from securities lending.
 
(e) Affiliate investment.
 
(f) Represents cost for financial reporting purposes.
 
AMBAC
— Security guaranteed by American Municipal Bond Assurance Corporation
 
FGIC
— Security guaranteed by Financial Guaranty Insurance Company
 
FSA
— Security guaranteed by Financial Security Assurance
 
GO
— General Obligation
 
MBIA
— Security guaranteed by Municipal Bond Insurance Association
 
MBIA-IBC
— Security guaranteed by Municipal Bond Insurance Association — Insured Bond Certificates
 
MTN
— Medium Term Note
 
PSF-GTD — Permanent School Fund Guarantee Program
 
RB
— Revenue Bond
 
SBG
— School Board Guaranty
 
See Notes to Financial Statements.


28


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Investment Grade Bond Fund — continued
 
Credit Default Swap Agreements
 
                                     
        Notional
  Fixed
  Expiration
   
Underlying Instrument
  Counterparty   Amount($)   Rate(%)   Date   Value($)
 
Brunswick Corp. 
  Merrill Lynch     (740 )     1.15       03/20/17       105  
Brunswick Corp. 
  Credit Suisse First Boston     (360 )     3.95       12/20/13       (1 )
Capital One Financial Corp. 
  Citibank N.A.     (665 )     3.10       09/20/13       10  
Capital One Financial Corp. 
  Citibank N.A.     (435 )     1.65       06/20/13       31  
Centex Corp. 
  Credit Suisse First Boston     (740 )     2.65       09/20/17       48  
Centex Corp. 
  Merrill Lynch     (360 )     5.05       09/20/13       (9 )
FedEx Corp. 
  Credit Suisse First Boston     (1,100 )     1.07       09/20/13       (5 )
Gannett Co., Inc. 
  Credit Suisse First Boston     (360 )     3.15       09/20/13       12  
Gannett Co., Inc. 
  Citibank N.A.     (740 )     0.81       06/20/17       119  
Marriott International, Inc. 
  Credit Suisse First Boston     (1,100 )     2.62       09/20/13       (5 )
Masco Corp. 
  Merrill Lynch     (780 )     2.20       06/20/13       16  
Masco Corp. 
  Merrill Lynch     (320 )     3.25       09/20/13       (7 )
Republic of Brazil
  Barclays Bank PLC     1,875       1.67       10/20/13       (5 )
Simon Property Group, Inc. 
  Credit Suisse First Boston     (1,100 )     1.64       09/20/13        
Toll Brothers, Inc. 
  Merrill Lynch     (780 )     2.65       06/20/13       (8 )
Toll Brothers, Inc. 
  Merrill Lynch     (320 )     2.95       09/20/13       (8 )
Turkey
  Barclays Bank PLC     (485 )     2.88       10/20/13       (2 )
                                     
                                  291  
                                     
 
Interest Rate Swaps
 
                                             
        Notional
  (Pay)/Receive
  Fixed
  Expiration
   
Underlying Instrument
  Counterparty   Amount($)   Floating Rate   Rate(%)   Date   Value($)
 
Fixed DI 1/2/12
  Citibank N.A.     672       Receive       14.17       01/2/12        
Fixed 130X1 TIIE
  Barclays Bank PLC     596       Receive       9.06       09/10/18       8  
Fixed 1-Year FWD
  UBS AG     2,054       Receive       6.71       08/12/10       8  
Fixed 2-Year New Zealand Bill
  UBS AG     1,070       Receive       7.24       08/13/10       5  
Fixed 2-Year New Zealand Bill
  UBS AG     1,044       Receive       7.27       09/4/10       7  
Fixed 2-Year PLN
  Barclays Bank PLC     1,054       Receive       6.04       10/1/10        
Fixed 2-Year Sweden
  Barclays Bank PLC     1,039       Receive       5.07       09/5/10       7  
Fixed 2-Year Sweden
  Barclays Bank PLC     26,314       Receive       5.07       09/8/10       173  
Fixed 2-Year Sweden
  UBS AG     27,733       Receive       4.96       09/15/10       113  
Fixed 2-Year Sweden
  UBS AG     1,016       Receive       5.09       09/2/10       7  
Fixed 2-Year UK
  Barclays Bank PLC     1,493       Receive       5.16       09/15/10       (1 )
Fixed 26X1 TIIE
  Citibank N.A.     26,878       Receive       8.92       08/13/10       209  
Fixed 5-Year CLP
  Citibank N.A.     460       Receive       7.74       08/19/13       10  
Fixed 5 Year CLP
  Citibank N.A.     470       Receive       7.85       09/9/13       12  
Fixed 5-Year Euro
  Barclays Bank PLC     445       Receive       4.58       08/28/13       (2 )
Fixed 10-Year Norway
  UBS AG     252       Receive       5.66       08/15/18       6  
Fixed 10-Year Israel
  Citibank N.A.     282       Receive       5.78       08/20/18       (2 )
                                             
                                          560  
                                             
 
At September 30, 2008, liquid assets totaling $35,229, in thousands, have been designated as collateral for open swap agreements.
 
See Notes to Financial Statements.


29


 

At September 30, 2008, the Fund’s foreign currency contracts were as follows:
 
                                         
        Contract
           
        Amount
  Contract
      Unrealized
    Delivery
  in Local
  Value in
  Market
  Appreciation
Currency
  Date   Currency   USD($)   Value($)   (Depreciation)($)
 
Short:
                                       
Australian Dollar
    10/28/08       459       415       361       54  
Brazilian Real
    10/08/08       400       244       210       34  
Brazilian Real
    12/15/08       308       165       160       5  
Brazilian Real
    12/23/08       768       412       398       14  
Brazilian Real
    12/26/08       762       405       394       11  
British Pound
    10/22/08       124       245       220       25  
British Pound
    10/27/08       123       245       220       25  
British Pound
    11/04/08       83       165       149       16  
Chilean Peso
    10/08/08       83,120       162       151       11  
Chilean Peso
    12/02/08       210,337       401       380       21  
Colombian Peso
    11/20/08       305,600       160       139       21  
Colombian Peso
    12/10/08       340,725       165       154       11  
Colombian Peso
    12/10/08       167,600       80       76       4  
Czech Republic Koruna
    12/12/08       2,909       165       168       (3 )
Euro
    11/04/08       158       245       223       22  
Euro
    12/09/08       117       165       164       1  
Euro
    12/24/08       279       411       394       17  
Indian Rupee
    10/08/08       10,558       249       225       24  
Japanese Yen
    11/04/08       26,360       245       249       (4 )
Malaysian Ringgit
    10/06/08       1,334       404       388       16  
Malaysian Ringgit
    10/20/08       636       198       186       12  
Malaysian Ringgit
    10/20/08       636       196       185       11  
Mexican Nuevo Peso
    10/27/08       2,499       249       228       21  
Norwegian Krone
    10/15/08       2,241       412       381       31  
Norwegian Krone
    11/28/88       4,394       788       745       43  
Phillipine Peso
    11/06/08       11,033       249       235       14  
Polish Zloty
    12/12/08       404       165       168       (3 )
Singapore Dollar
    10/21/08       268       197       187       10  
Singapore Dollar
    10/21/08       269       196       187       9  
Swedish Krona
    11/28/08       2,608       405       377       28  
Swedish Krona
    12/11/08       1,118       165       162       3  
Turkish Lira
    11/07/08       301       246       235       11  
Turkish Lira
    11/12/08       109       80       85       (5 )
Turkish Lira
    11/12/08       107       80       83       (3 )
Turkish Lira
    11/12/08       107       80       83       (3 )
Turkish Lira
    11/12/08       211       160       164       (4 )
Turkish Lira
    12/12/08       211       165       162       3  
Turkish Lira
    12/19/08       106       80       81       (1 )
Turkish Lira
    12/19/08       211       160       162       (2 )
Turkish Lira
    12/19/08       104       80       80        
Turkish Lira
    12/26/08       1,048       800       802       (2 )
                                         
Total Short Contracts
                  $ 10,299     $ 9,801     $ 498  
                                         
Long:
                                       
Australian Dollar
    10/08/08       459       414       361       (53 )
Brazilian Real
    10/08/08       400       250       209       (41 )
Brazilian Real
    12/15/08       308       169       159       (10 )
Brazilian Real
    12/23/08       768       410       398       (12 )
Brazilian Real
    12/26/08       762       405       394       (11 )
British Pound
    10/22/08       124       245       220       (25 )
British Pound
    10/27/08       123       243       220       (23 )
British Pound
    11/04/08       83       162       149       (13 )
Chilean Peso
    10/08/08       83,120       160       151       (9 )
Chilean Peso
    12/02/08       210,337       405       380       (25 )
Colombian Peso
    11/20/08       305,600       151       138       (13 )
Colombian Peso
    12/10/08       508,325       246       231       (15 )
Czech Republic Koruna
    12/12/08       2,909       169       168       (1 )
Euro
    11/04/08       158       243       223       (20 )
Euro
    12/09/08       117       164       165       1  
Euro
    12/24/08       279       410       394       (16 )
Indian Rupee
    10/08/08       10,558       250       225       (25 )
Japanese Yen
    11/04/08       26,360       245       249       4  
Malaysian Ringgit
    10/06/08       1,334       410       388       (22 )
Malaysian Ringgit
    10/20/08       1,273       405       370       (35 )
Mexican Nuevo Peso
    10/27/08       2,499       245       228       (17 )
Norwegian Krone
    10/15/08       2,241       415       380       (35 )
Norwegian Krone
    11/28/08       2,196       405       373       (32 )
Norwegian Krone
    11/28/08       2,198       405       373       (32 )
Phillipine Peso
    11/05/08       11,033       250       235       (15 )
Polish Zloty
    12/12/08       404       169       168       (1 )
Singapore Dollar
    10/21/08       537       400       374       (26 )
Swedish Krona
    11/28/08       2,608       396       377       (19 )
Swedish Krona
    12/11/08       1,118       166       162       (4 )
Turkish Lira
    11/07/08       301       250       235       (15 )
Turkish Lira
    11/12/08       216       163       168       5  
Turkish Lira
    11/12/08       318       239       247       8  
Turkish Lira
    12/12/08       211       164       162       (2 )
Turkish Lira
    12/19/08       421       325       324       (1 )
Turkish Lira
    12/26/08       1,048       805       802       (3 )
                                         
Total Long Contracts
                  $ 10,353     $ 9,800     $ (553 )
                                         
 
See Notes to Financial Statements.


30


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Investment Grade Tax-Exempt Bond Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Municipal Bonds (93.8%)
Alabama (2.8%)
Alabama Public School & College Authority, Capital Improvements, Ser C, RB, 5.750%, 07/01/17, Callable 07/01/09 @ 101.50
    3,950       4,083  
Alabama Water Pollution Control Authority, RB, 5.750%, 08/15/12, Callable 08/15/09 @ 100, AMBAC
    5,205       5,308  
Auburn University, Ser A, RB, 6.000%, 06/01/16, Callable 06/01/11 @ 100, MBIA
    4,060       4,274  
Huntsville, Ser A, GO, 5.625%, 05/01/16, Callable 05/01/12 @ 102
    2,375       2,542  
Huntsville, Ser A, GO, 5.750%, 05/01/19, Callable 05/01/12 @ 102
    2,800       2,976  
                 
              19,183  
                 
Alaska (0.5%)
Anchorage, Ser B, GO, 5.000%, 12/01/18, Callable 06/01/15 @ 100, MBIA
    3,140       3,228  
                 
Arizona (2.1%)
Arizona Water Infrastructure Finance Authority, Water Quality, Ser A, RB, 5.625%, 10/01/12, Callable 10/01/09 @ 101
    3,280       3,385  
Salt River Project Agricultural Improvement & Power District Electric System, Ser A, RB, 5.000%, 01/01/10
    3,970       4,092  
Salt River Project Agricultural Improvement & Power District Electric System, Ser A, RB, 5.000%, 01/01/20, Callable 01/01/18 @ 100
    2,000       2,035  
Salt River Project Agricultural Improvement & Power District Electric System, Ser A, RB, 5.000%, 01/01/38, Callable 01/01/18 @ 100
    5,000       4,693  
                 
              14,205  
                 
California (8.0%)
California Health Facilities Financing Authority, Catholic Healthcare West, Ser G, RB, 5.500%, 07/01/25, Callable 07/01/18 @ 100
    2,250       2,112  
California State Department of Water Resources, Central Valley Project, Ser AE, RB, 5.000%, 12/01/22, Callable 06/01/18 @ 100
    8,000       7,992  
California State, GO, 5.500%, 11/01/33, Callable 11/01/13 @ 100
    19,000       18,770  
Fresno Unified School District, Ser A, GO, 6.550%, 08/01/20, Callable 02/01/13 @ 103, MBIA
    1,000       1,112  
Golden State Tobacco Securitization Corp., Tobacco Settlement, Ser 2003-A-1, RB, 6.750%, 06/01/39, Prerefunded 06/01/13 @ 100
    2,420       2,707  
Golden State Tobacco Securitization Corp., Tobacco Settlement, Ser B, RB, 5.500%, 06/01/43, Prerefunded 06/01/13 @ 100
    5,000       5,329  
Los Angeles Community College District, Ser E-1, GO, 5.000%, 08/01/22, Callable 08/01/18 @ 100
    8,150       8,057  
Los Angeles Community College District, Ser F-1, GO, 5.000%, 08/01/27, Callable 08/01/18 @ 100
    700       673  
Orange County, Loma Ridge/Data Center Project, COP, 6.000%, 06/01/21, Prerefunded 06/01/19 @ 100, AMBAC
    1,075       1,190  
Port of Oakland, Ser K, RB, AMT, 5.750%, 11/01/22, Callable 05/01/10 @ 100, FGIC
    8,160       7,544  
                 
              55,486  
                 
                 
 
See Notes to Financial Statements.


31


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Investment Grade Tax-Exempt Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Colorado (1.1%)
Denver City & County Airport, Ser A, RB, AMT, 5.500%, 11/15/14, Callable 11/15/11 @ 100, FGIC FSA-CR
    5,000       5,050  
Douglas County School District No. RE1, Douglas & Ebert Counties, GO, 5.750%, 12/15/20, Callable 12/15/14 @ 100, FGIC MBIA-RE
    2,540       2,668  
                 
              7,718  
                 
District of Columbia (0.1%)
District of Columbia, Ser E, GO, 5.000%, 06/01/26, Callable 06/01/18 @ 100, BHAC
    885       842  
                 
Florida (11.8%)
Brevard County School Board, COP, 5.500%, 07/01/17, Prerefunded 07/01/12 @ 100, AMBAC
    1,360       1,467  
Brevard County School Board, COP, 5.500%, 07/01/18, Prerefunded 07/01/12 @ 100, AMBAC
    3,015       3,253  
Brevard County Utility Authority, RB, 5.250%, 03/01/13, Callable 03/01/12 @ 100, FGIC MBIA-RE
    1,000       1,043  
Brevard County Utility Authority, RB, 5.250%, 03/01/14, Callable 03/01/12 @ 100, FGIC MBIA-RE
    1,000       1,038  
Florida State Board of Education, Capital Outlay, Public Education Project, GO, 9.125%, 06/01/14, ETM
    950       1,194  
Florida State Board of Education, Capital Outlay, Public Education Project, Ser B, GO, 5.250%, 06/01/11, Callable 06/01/09 @ 100
    1,000       1,012  
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       2,207  
Florida State Board of Education, Capital Outlay, Public Education Project, Ser D, GO, 5.375%, 06/01/15, Callable 06/01/12 @ 100
    1,535       1,611  
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       1,289  
Florida State Board of Education, Lottery, Ser A, RB, 5.375%, 07/01/15, Callable 07/01/12 @ 101, FGIC
    3,500       3,666  
Florida State Department of Transportation, GO, 5.000%, 07/01/18, Callable 07/01/12 @ 101
    8,840       9,023  
Florida State Division of Bond Finance, Department of Environmental Protection & Preservation, Ser 2000-A, RB, 5.375%, 07/01/11, Callable 07/01/09 @ 101, FGIC
    2,130       2,182  
Florida State Municipal Power Agency, All Requirements Power Supply Project, Ser A, RB, 5.250%, 10/01/19
    3,000       3,074  
Florida State Municipal Power Agency, All Requirements Power Supply Project, Ser A, RB, 5.250%, 10/01/23, Callable 10/01/18 @ 100
    22,610       22,083  
Florida State Municipal Power Agency, All Requirements Power Supply Project, Ser A, RB, 4.750%, 10/01/26, Callable 10/01/18 @ 100, FSA-CR
    11,065       9,914  
Jacksonville Sales Tax, RB, 5.500%, 10/01/13, Callable 10/01/11 @ 100, AMBAC
    1,435       1,500  
Jacksonville Sales Tax, RB, 5.500%, 10/01/14, Callable 10/01/11 @ 100, AMBAC
    1,200       1,251  
 
See Notes to Financial Statements.


32


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Investment Grade Tax-Exempt Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Florida—continued
                 
Jacksonville Sales Tax, RB, 5.500%, 10/01/15, Callable 10/01/11 @ 100, AMBAC
    1,550       1,615  
Lee County Memorial Health Systems Hospital, Ser A, RB, 5.750%, 04/01/15, Callable 04/01/12 @ 100, FSA
    1,000       1,057  
Lee County Transportation Facility Authority, Ser A, RB, 5.500%, 10/01/13, Callable 10/01/11 @ 100, AMBAC
    2,000       2,090  
Orlando Utilities Commission, RB, 5.250%, 10/01/19, Callable 10/01/11 @ 101
    2,500       2,554  
Palm Beach County School Board, Ser B, COP, 5.000%, 08/01/25, Mandatory Put 08/01/11 @ 100, FGIC
    3,000       3,061  
Polk County School District Sales Tax Authority, RB, 5.250%, 10/01/15, Callable 10/01/14 @ 100, FSA
    2,000       2,116  
Polk County Utility Systems Authority, RB, 6.000%, 10/01/08, FGIC, ETM
    510       510  
Tampa Sales Tax Authority, Ser A, RB, 5.375%, 10/01/14, Callable 10/01/11 @ 101, AMBAC
    1,640       1,715  
                 
              81,525  
                 
Georgia (3.0%)
Atlanta Airport, Ser C, RB, AMT, 6.250%, 01/01/13, Callable 01/01/10 @ 101, FGIC
    8,170       8,353  
Georgia State, Ser B, GO, 5.000%, 07/01/17, Callable 07/01/15 @ 100
    2,000       2,098  
Georgia State, Ser B, GO, 5.000%, 03/01/20, Callable 03/01/16 @ 100
    5,630       5,754  
Gwinnett County School District, GO, 5.000%, 02/01/26, Callable 02/01/18 @ 100
    5,000       4,931  
                 
              21,136  
                 
Illinois (10.6%)
Chicago Transit Authority, Capital Grant Receipts, Ser A, RB, 5.250%, 06/01/23, Callable 06/01/18 @ 100, Assured Guaranty
    5,000       4,924  
Grundy Kendall & Will Counties Community School District No. 201, GO, 5.750%, 10/15/21, Callable 10/15/18 @ 100, Assured Guaranty
    4,500       4,708  
Illinois State Sales Tax, Ser X, RB, 5.500%, 06/15/13, Callable 11/10/08 @ 100.50
    3,390       3,413  
Illinois State Toll Highway Authority, RB, 5.000%, 01/01/19, Callable 07/01/15 @ 100, FSA
    6,400       6,480  
Illinois State Toll Highway Authority, Ser A, RB, 5.000%, 01/01/18, Callable 07/01/15 @ 100, FSA
    7,460       7,614  
Illinois State Toll Highway Authority, Ser A, RB, 5.000%, 01/01/23, Callable 07/01/15 @ 100, FSA
    11,500       11,202  
Illinois State Toll Highway Authority, Ser A-1, RB, 5.000%, 01/01/20, Callable 07/01/16 @ 100, FSA
    2,500       2,495  
Illinois State Toll Highway Authority, Ser A-1, RB, 5.000%, 01/01/24, Callable 07/01/16 @ 100, FSA
    24,665       23,771  
Illinois State, First Ser, GO, 5.375%, 12/01/15, Callable 12/01/12 @ 100, FSA
    8,600       9,000  
                 
              73,607  
                 
Kansas (0.8%)
Lenexa, Refunding & Improvements, Ser A, GO, 5.000%, 09/01/09, FSA
    5,115       5,245  
                 
Maryland (4.5%)
Maryland State & Local Facilities, Second Ser, GO, 5.000%, 07/15/09, Callable 11/10/08 @ 101
    8,055       8,154  
 
See Notes to Financial Statements.


33


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Investment Grade Tax-Exempt Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Maryland—continued
                 
Maryland State & Local Facilities, Second Ser, GO, 5.000%, 08/01/18, Callable 08/01/13 @ 100
    7,005       7,183  
Maryland State Department of Transportation, Consolidated Transportation, RB, 5.000%, 05/01/17, Callable 05/01/14 @ 100
    4,500       4,598  
Maryland State, Capital Improvement, Ser A, GO, 5.000%, 02/15/18, Callable 02/15/15 @ 100
    10,625       10,976  
                 
              30,911  
                 
Massachusetts (0.8%)
Massachusetts State, Consolidated Lien, Ser C, GO, 5.000%, 09/01/18, Callable 09/01/15 @ 100
    5,310       5,472  
                 
Michigan (1.9%)
Detroit Sewer Disposal System, Senior Lien, Ser C, RB, 5.000%, 07/01/18, Callable 07/01/16 @ 100, FGIC AGC-ICC
    2,500       2,505  
Kent Hospital Finance Authority, Spectrum Health, Ser A, RB, 5.000%, 01/15/47, Mandatory Put 01/15/12 @ 100
    3,000       3,035  
Michigan Municipal Bond Authority, Clean Water State Revolving Fund, RB, 5.375%, 10/01/17, Callable 10/01/12 @ 100
    3,300       3,426  
Michigan Municipal Bond Authority, Clean Water State Revolving Fund, RB, 5.000%, 10/01/26, Callable 10/01/14 @ 100
    4,100       3,977  
                 
              12,943  
                 
Missouri (2.3%)
Missouri State Highways & Transit Commission State Road, RB, 5.000%, 02/01/19
    15,625       16,234  
                 
Nevada (1.2%)
Nevada State, Capital Improvement & Cultural Affairs, Ser C, GO, 5.000%, 06/01/23, Callable 06/01/18 @ 100
    8,770       8,521  
                 
New Jersey (4.6%)
Garden State Preservation Trust, Open Space & Farmland Preservation, Ser A, RB, 5.800%, 11/01/18, Callable 11/01/15 @ 100, FSA
    8,000       8,635  
Garden State Preservation Trust, Open Space & Farmland Preservation, Ser A, RB, 5.800%, 11/01/20, Callable 11/01/15 @100, FSA
    10,000       10,633  
New Jersey Economic Development Authority, School Facility Construction, Ser T-3, RB, 5.000%, 09/01/20, Mandatory Put 09/01/14 @ 100, FSA
    5,000       5,259  
New Jersey Sports & Exposition Authority, Ser B, RB, 5.000%, 09/01/16
    7,000       7,227  
                 
              31,754  
                 
New York (10.6%)
Buffalo School Improvements, Ser D, GO, 5.500%, 12/15/14, Callable 12/15/11 @ 100, FGIC MBIA-RE
    1,075       1,124  
New York City Municipal Water Finance Authority, Water & Sewer System, Ser CC, RB, 5.000%, 06/15/29, Callable 06/15/18 @ 100
    5,000       4,734  
New York City Transitional Finance Authority, Building Aid, Ser S-1, RB, 5.000%, 01/15/26, Callable 01/15/18 @ 100, State Aid Withholding
    4,000       3,787  
New York State Dormitory Authority, State Personal Income Tax, Ser A, RB, 5.000%, 03/15/20, Callable 03/15/18 @ 100
    5,570       5,618  
 
See Notes to Financial Statements.


34


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Investment Grade Tax-Exempt Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
New York—continued
                 
New York State Thruway Authority, Highway & Bridge Trust Fund, Ser B, RB, 5.000%, 04/01/20, Callable 10/01/17 @ 100
    10,645       10,729  
Port Authority of New York & New Jersey, RB, 5.000%, 07/15/23, Callable 07/15/18 @ 100, GO of Authority
    10,000       9,754  
Tobacco Settlement Financing Corp., Ser A1, RB, 5.250%, 06/01/13, Callable 10/27/08 @ 100
    4,445       4,449  
Tobacco Settlement Financing Corp., Ser A1, RB, 5.500%, 06/01/14, Callable 06/01/09 @ 100
    3,750       3,778  
Tobacco Settlement Financing Corp., Ser B-1C, RB, 5.250%, 06/01/12, Callable 10/27/08 @ 100
    1,995       1,997  
Triborough Bridge & Tunnel Authority, Ser B, RB, 5.250%, 11/15/16, Callable 11/15/12 @ 100
    7,000       7,258  
Triborough Bridge & Tunnel Authority, Ser B, RB, 5.250%, 11/15/17, Callable 11/15/12 @ 100
    11,000       11,240  
Triborough Bridge & Tunnel Authority, Ser C, RB, 5.000%, 11/15/20, Callable 11/15/18 @ 100
    3,780       3,793  
Triborough Bridge & Tunnel Authority, Ser C, RB, 5.000%, 11/15/21, Callable 11/15/18 @ 100
    5,000       4,954  
                 
              73,215  
                 
North Carolina (0.5%)
North Carolina State, GO, 5.000%, 05/01/16, Callable 05/01/13 @ 100
    3,500       3,634  
                 
Ohio (2.7%)
Ohio State Higher Educational Facility Commission, Cleveland Clinic Foundation, Ser A, RB, 5.125%, 01/01/27, Callable 01/01/18 @ 100
    13,865       12,658  
Ohio State, Common Schools, Ser A, GO, 5.000%, 09/15/17, Callable 03/15/15 @ 100
    5,600       5,767  
                 
              18,425  
                 
Pennsylvania (3.5%)
Allegheny County Hospital Development Authority, University Pittsburgh Medical Center, Ser B, RB, 5.000%, 06/15/18
    7,935       7,710  
Allegheny County Hospital Development Authority, University Pittsburgh Medical Center, Ser B, RB, 5.000%, 06/15/18, Callable 06/15/14 @ 100
    5,000       4,858  
Easton Area School District, Ser 2006, GO, 7.750%, 04/01/25, Callable 04/01/16 @ 100, FSA
    8,790       10,138  
Pennsylvania State Turnpike Commission, Subser B-1, RB, 5.625%, 06/01/29, Callable 06/01/18 @ 100
    1,450       1,425  
                 
              24,131  
                 
Puerto Rico (2.1%)
Puerto Rico Commonwealth Highway & Transportation Authority, RB, 5.250%, 07/01/15, Callable 07/01/13 @ 100, FGIC
    5,000       5,034  
Puerto Rico Commonwealth Highway & Transportation Authority, RB, 5.250%, 07/01/17, Callable 07/01/13 @ 100, FGIC
    5,260       5,196  
Puerto Rico Commonwealth Municipal Finance Agency, Ser A, RB, 5.250%, 08/01/14, Callable 08/01/12 @ 100, FSA
    4,000       4,112  
                 
              14,342  
                 
South Carolina (0.3%)
South Carolina State Public Service Authority, Ser A, RB, 5.000%, 01/01/17, Callable 01/01/14 @ 100, FSA
    2,300       2,338  
                 
                 
 
See Notes to Financial Statements.


35


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Investment Grade Tax-Exempt Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Texas (12.0%)
Bexar County Hospital District, GO, 5.000%, 02/15/25, Callable 02/15/18 @ 100
    5,000       4,717  
Bexar County Hospital District, GO, 5.000%, 02/15/38, Callable 02/15/18 @ 100
    10,000       9,020  
Dallas, GO, 5.000%, 02/15/17, Callable 02/15/15 @ 100
    5,700       5,906  
Dallas, GO, 5.000%, 02/15/18, Callable 02/15/15 @ 100
    7,175       7,315  
Dallas, GO, 5.000%, 02/15/18, Callable 02/15/09 @ 100
    5,000       5,009  
Garland Texas, Ser A, GO, 5.000%, 02/15/22, Callable 02/15/18 @ 100
    4,265       4,159  
Harris County, Ser B, GO, 5.000%, 10/01/16
    3,150       3,325  
Harris County, Ser B, GO, 5.000%, 10/01/18
    5,540       5,736  
Irving Waterworks & Sewer, RB, 5.950%, 06/15/19, Mandatory Put 06/15/09 @ 100.50
    1,460       1,505  
Lower Colorado River Authority, Ser A, RB, 5.875%, 05/15/15, Callable 05/15/09 @ 101, FSA
    5,500       5,625  
North Harris County Regional Water Authority, RB, 5.250%, 12/15/18, Callable 12/15/14 @ 100, MBIA
    2,690       2,770  
North Texas Tollway Authority, Ser A, RB, 6.000%, 01/01/23, Callable 01/01/18 @ 100
    5,000       4,966  
North Texas Tollway Authority, Ser H, RB, 5.000%, 01/01/42, Mandatory Put 01/01/13 @100
    10,000       9,875  
Texas State University Systems Financing, RB, 5.000%, 03/15/18, Callable 03/15/15 @ 100, FSA
    5,035       5,112  
Travis County Health Facilities Development Corp., Ascension Health Credit, Ser A, RB, 6.250%, 11/15/17, Prerefunded 11/15/09 @ 101, MBIA
    7,390       7,771  
                 
              82,811  
                 
Virginia (1.5%)
Richmond, Ser B, GO, 5.250%, 07/15/16, Callable 07/15/13 @ 100, FSA
    6,040       6,303  
Virginia State Housing Development Authority Commonwealth Mortgage, Ser B, RB, AMT, 4.850%, 01/01/36, Callable 07/01/16 @ 100
    5,000       3,913  
                 
              10,216  
                 
Washington (2.3%)
Energy Northwest Electric, Ser B, RB, 6.000%, 07/01/17, Callable 07/01/12 @ 100, MBIA
    2,450       2,603  
Pierce County School District No. 10, Tacoma, GO, 5.000%, 12/01/16, Callable 12/01/13 @ 100, FGIC MBIA-RE
    5,200       5,354  
Washington State, Ser A, GO, 5.000%, 07/01/23, Callable 07/01/18 @ 100
    8,250       8,106  
                 
              16,063  
                 
West Virginia (2.2%)
West Virginia School Building Authority, Excess Lottery, RB, 5.250%, 07/01/20, Callable 07/01/18 @ 100
    5,000       5,093  
West Virginia School Building Authority, Excess Lottery, RB, 5.250%, 07/01/21, Callable 07/01/18 @ 100
    5,520       5,549  
West Virginia School Building Authority, Excess Lottery, RB, 5.250%, 07/01/22, Callable 07/01/18 @ 100
    4,810       4,782  
                 
              15,424  
                 
Total Municipal Bonds
            648,609  
                 
                 
 
See Notes to Financial Statements.


36


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Investment Grade Tax-Exempt Bond Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Money Market Fund (7.3%)
Federated Tax-Free Obligations Fund
    34,350,003       34,350  
SEI Tax Exempt Trust, Institutional Tax Free Fund
    16,496,273       16,496  
                 
Total Money Market Fund
            50,846  
                 
Total Investments (Cost $725,425) (a) — 101.1%
            699,455  
Liabilities in excess of
other assets — (1.1)%
            (7,938 )
                 
Net Assets — 100.0%
          $ 691,517  
                 
 
 
(a) Represents cost for financial reporting purposes.
 
AGC-ICC
— Security guaranteed by Insured Custody Certificates. Secondarily guaranteed by Assured Guaranty Corporation
 
AMBAC
— Security guaranteed by American Municipal Bond Assurance Corporation
 
AMT
— Alternative Minimum Tax Paper
 
BHAC
— Security guaranteed by Berkshire Hathaway Assurance Corporation
 
COP
— Certificate of Participation
 
ETM
— Escrowed to Maturity
 
FGIC
— Security guaranteed by Financial Guaranty Insurance Company
 
FSA
— Security guaranteed by Financial Security Assurance
 
FSA-CR
— Security has been secondarily guaranteed by FSA
 
GO
— General Obligation
 
MBIA
— Security guaranteed by Municipal Bond Insurance Association
 
MBIA-RE
— Reinsurance provided by MBIA
 
RB
— Revenue Bond
 
See Notes to Financial Statements.


37


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Limited Duration Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Asset-Backed Securities (44.1%)
Automobile ABS (13.1%)
Capital Auto Receivables
Asset Trust, Ser 2007-SN1,
CL A4, 2.588%, 02/15/11(a)
    2,000       1,945  
Ford Credit Auto Owner Trust,
Ser 2006-C, Cl A2B,
2.508%, 12/15/09(a)
    244       244  
Ford Credit Auto Owner Trust,
Ser 2006-C, Cl A4B,
2.528%, 02/15/12(a)
    100       95  
Ford Credit Auto Owner Trust,
Ser 2007-B, Cl A3B,
2.828%, 11/15/11(a)
    500       478  
Harley-Davidson Motorcycle Trust, Ser 2007-3, Cl A3,
2.838%, 06/15/12(a)
    800       788  
Honda Auto Receivables Owner Trust, Ser 2007-3, Cl A4,
2.738%, 12/16/13(a)
    1,500       1,436  
Hyundai Auto Receivables Trust,
Ser 2007-A, Cl A2A,
5.110%, 01/15/10
    531       532  
                 
              5,518  
                 
Credit Card ABS (10.1%)
American Express Issuance
Trust, Ser 2007-2, Cl A,
2.738%, 07/15/13(a)
    2,000       1,884  
Capital One Multi-Asset
Execution Trust,
Ser 2004-A8, Cl A8,
2.618%, 08/15/14(a)
    275       262  
Capital One Multi-Asset
Execution Trust,
Ser 2005-A10, Cl A,
2.568%, 09/15/15(a)
    1,500       1,398  
Citibank Credit Card
Issuance Trust,
Ser 2003-A9, Cl A,
2.890%, 11/22/10(a)
    725       723  
                 
              4,267  
                 
Diversified Financial Services (17.5%)
College Loan Corporation Trust,
Ser 2003-2, Cl A3,
3.000%, 07/25/13(a)
    1,164       1,161  
Collegiate Funding Services Education Loan Trust,
Ser 2005-A, Cl A2,
3.852%, 12/28/21(a)
    1,495       1,456  
Nelnet Student Loan Trust,
Ser 2005-3, Cl A, 3.254%, 06/22/17(a)
    1,857       1,827  
Pennsylvania Higher Education Assistance, Ser 2005-1, Cl A1,
2.830%, 07/25/16(a)
    1,001       1,002  
SLC Student Loan Trust,
Ser 2006-1, Cl A3,
2.849%, 09/15/17(a)
    2,000       1,935  
                 
              7,381  
                 
Home Equity ABS (1.8%)
Accredited Mortgage Loan Trust,
Ser 2005-4, Cl A2B,
3.357%, 12/25/35(a)
    28       28  
Guarantor Trust,
Ser 2002-T10, Cl A1,
3.447%, 06/25/32(a)
    670       617  
Residential Asset Securities Corp., Ser 2005-AHL3, Cl A2,
3.447%, 11/25/35(a)
    122       114  
                 
              759  
                 
Utilities (1.6%)
Connecticut RRB Special Purpose Trust, Ser 2001-1, Cl A4, 3.111%, 12/30/10(a)
    661       659  
                 
Total Asset-Backed Securities
            18,584  
                 
Collateralized Mortgage Obligations (9.5%)
CS First Boston Mortgage Securities Corp.,
Ser 1998-C2, Cl A2,
6.300%, 11/15/30(a)
    16       16  
Fannie Mae, Ser 2003-121, Cl FC, 3.607%, 02/25/28(a)
    330       327  
Freddie Mac, Ser 1635, Cl F, 2.950%, 12/15/08(a)
    17       17  
Freddie Mac, Ser 2630, Cl FJ, 2.838%, 06/15/18(a)
    672       666  
Freddie Mac, Ser 2885, Cl PB, 4.500%, 08/15/14
    2,071       2,071  
Impac CMB Trust, Ser 2004-7, Cl 1A1, 3.947%, 11/25/34(a)
    646       515  
Superannuation Members Home Loans Global Fund,
Ser 4A, Cl A, 3.011%, 10/09/29(a)
    421       416  
                 
Total Collateralized Mortgage Obligations
            4,028  
                 
                 
 
See Notes to Financial Statements.


38


 

                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Money Market Fund (51.2%)
RidgeWorth Institutional Cash Management Money Market Fund(b)
    21,594,433       21,594  
                 
Total Money Market Fund
            21,594  
                 
Total Investments (Cost $44,837)(c) — 104.8%
            44,206  
Liabilities in excess of other assets — (4.8)%
            (2,032 )
                 
Net Assets — 100.0%
          $ 42,174  
                 
 
 
(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.
 
(b) Affiliate investment.
 
(c) Represents cost for financial reporting purposes.
 
See Notes to Financial Statements.


39


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Limited-Term Federal Mortgage Securities Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Collateralized Mortgage Obligations (3.0%)
RAAC, Ser 2004-SP2, Cl A1, 5.964%, 01/25/17(a)
    1,899       1,912  
                 
Total Collateralized Mortgage Obligations
            1,912  
                 
U.S. Government Agency Mortgages (96.5%)
Fannie Mae (77.7%)
5.500%, 12/01/16
    2,029       2,068  
4.500%, 10/20/18
    4,000       3,892  
5.000%, 04/01/23
    2,939       2,921  
5.500%, 10/25/30
    9,376       9,480  
6.500%, 12/01/32
    2,124       2,195  
4.500%, 09/01/33
    1,008       953  
5.000%, 11/01/33
    5,033       4,920  
5.283%, 11/01/35(a)
    7,151       7,012  
6.500%, 10/01/37
    4,471       4,589  
5.500%, 05/01/38
    11,845       11,821  
                 
              49,851  
                 
Freddie Mac (14.1%)
5.000%, 06/01/38
    1,794       1,748  
6.000%, 09/01/38
    7,188       7,283  
                 
              9,031  
                 
Ginnie Mae (4.7%)
5.500%, 10/15/35
    3,002       3,011  
                 
Total U.S. Government Agency Mortgages
            61,893  
                 
Money Market Fund (6.9%)
RidgeWorth Institutional U.S. Government Securities Money Market Fund(b)
    4,437,455       4,437  
                 
Total Money Market Fund
            4,437  
                 
Total Investments (Cost $67,797)(c) — 106.4%
            68,242  
Liabilities in excess of other assets — (6.4)%
            (4,117 )
                 
Net Assets — 100.0%
          $ 64,125  
                 
 
 
(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.
 
(b) Affiliate investment.
 
(c) Represents cost for financial reporting purposes.
 
See Notes to Financial Statements.


40


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Maryland Municipal Bond Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Municipal Bonds (95.7%)
               
Maryland (93.2%)
Anne Arundel County Special Obligation, Arundel Mills Project, RB, 5.125%, 07/01/22, Callable 07/01/14 @ 100, County Guaranteed
    1,000       1,001  
Baltimore County, Catholic Health Initiatives, Ser A, RB, 5.000%, 09/01/21, Callable 09/01/16 @ 100
    550       522  
Baltimore County, Pension Funding, GO, 5.125%, 08/01/11, Callable 11/10/08 @ 101
    510       516  
Baltimore Sewer Improvement, Wastewater Projects, Ser C, RB, 5.000%, 07/01/22
    1,000       972  
Baltimore, Ser A, GO, 4.750%, 10/15/16
    1,000       1,043  
Baltimore, Ser A, GO, 5.000%, 10/15/27, Callable 10/15/18 @ 100, FSA
    500       481  
Charles County, GO, 5.000%, 03/01/16
    1,000       1,065  
Frederick County, GO, 5.000%, 12/01/15
    1,075       1,154  
Frederick County, GO, 5.000%, 12/01/16, Callable 12/01/15 @ 100
    1,000       1,059  
Harford County, GO, 5.000%, 07/15/25, Callable 07/15/15 @ 100
    1,000       982  
Howard County, GO, 5.000%, 02/15/15
    1,000       1,070  
Maryland Capital Improvements, Ser A, GO, 5.000%, 02/15/19, Callable 02/15/15 @ 100
    1,000       1,025  
Maryland Community Development Administration, Department of Housing & Community Development, RB, AMT, 5.000%, 09/01/27, Callable 03/01/17 @ 100
    1,000       848  
Maryland Department of Transportation, RB, 5.000%, 02/15/22, Callable 02/15/18 @ 100
    1,000       999  
Maryland Economic Development Corp., Department of Transportation Headquarters, RB, 5.375%, 06/01/19, Callable 06/01/12 @ 100.50
    1,000       1,035  
Maryland Economic Development Corp., Student Housing, Towson University Project, Ser A, RB, 5.250%, 07/01/37, Callable 07/01/17 @ 100
    1,000       792  
Maryland Economic Development Corp., University of Maryland College Park Project, RB, 5.750%, 06/01/18, Pre-refunded 06/01/13 @ 100
    475       522  
Maryland Health & Higher Educational Facilities Authority, Anne Arundel Medical Center, RB, 5.125%, 07/01/28, Callable 07/01/09 @ 100.50, FSA
    220       208  
Maryland Health & Higher Educational Facilities Authority, Board of Child Care, RB, 5.500%, 07/01/13, Callable 07/01/12 @ 100
    500       523  
Maryland Health & Higher Educational Facilities Authority, Calvert Health Systems, RB, 5.500%, 07/01/36, Callable 07/01/14 @ 100
    1,000       925  
Maryland Health & Higher Educational Facilities Authority, Carroll County General Hospital, RB, 6.000%, 07/01/18, Callable 07/01/12 @ 100
    500       505  
Maryland Health & Higher Educational Facilities Authority, Carroll County General Hospital, RB, 6.000%, 07/01/21, Callable 07/01/12 @ 100
    250       251  
Maryland Health & Higher Educational Facilities Authority, Catholic Health Initiatives, Ser A, RB, 6.000%, 12/01/24, Callable 06/01/10 @ 101, ETM
    250       260  
 
See Notes to Financial Statements.


41


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Maryland Municipal Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Maryland—continued
                 
Maryland Health & Higher Educational Facilities Authority, Doctors Community Hospital, Ser A, RB, 4.000%, 07/01/13
    420       401  
Maryland Health & Higher Educational Facilities Authority, Goucher College, RB, 5.375%, 07/01/25, Callable 07/01/14 @ 100
    565       542  
Maryland Health & Higher Educational Facilities Authority, Hebrew Home of Greater Washington, RB, 5.700%, 01/01/21, Callable 01/01/12 @ 100
    480       470  
Maryland Health & Higher Educational Facilities Authority, Johns Hopkins Hospital, RB, 5.000%, 05/15/46
    500       520  
Maryland Health & Higher Educational Facilities Authority, Johns Hopkins University, Ser A, RB, 5.250%, 07/01/38, Callable 07/01/18 @ 100
    1,000       978  
Maryland Health & Higher Educational Facilities Authority, Lifebridge Health, RB, 5.000%, 07/01/28, Callable 07/01/17 @ 100, Assured Guaranty
    500       472  
Maryland Health & Higher Educational Facilities Authority, Lifebridge Health, Ser A, RB, 5.125%, 07/01/34, Callable 07/01/14 @ 100
    1,000       1,063  
Maryland Health & Higher Educational Facilities Authority, Peninsula Regional Medical Center, RB, 5.000%, 07/01/20, Callable 07/01/16 @ 100
    700       671  
Maryland Health & Higher Educational Facilities Authority, Peninsula Regional Medical Center, RB, 5.000%, 07/01/26, Callable 07/01/16 @ 100
    500       454  
Maryland Health & Higher Educational Facilities Authority, University of Maryland Medical System, RB, 5.750%, 07/01/21, Pre-refunded 07/01/11 @ 100
    725       773  
Maryland Health & Higher Educational Facilities Authority, Western Maryland Health System, Ser A, RB, 5.000%, 07/01/15, MBIA/FHA
    1,000       1,021  
Maryland State & Local Facilities, Ser 2, GO, 5.000%, 08/01/14, Callable 08/01/13 @ 100
    1,000       1,057  
Maryland State & Local Facilities, Ser 2, GO, 5.000%, 08/01/16, Callable 08/01/13 @ 100
    500       521  
Maryland State Transportation Authority Grant & Revenue Anticipation, RB, 5.000%, 03/01/19, Callable 03/01/17 @ 100
    1,000       1,030  
Maryland State Transportation Authority, RB, 5.000%, 07/01/22, Callable 07/01/17 @ 100, FSA
    1,000       996  
Maryland State Transportation Authority, Transportation Facilities Project, RB, 5.000%, 07/01/23, Callable 07/01/18 @ 100
    1,000       990  
Maryland Transportation Authority, Baltimore/Washington International Airport, Ser B, RB, AMT, 5.375%, 03/01/15, Callable 03/01/12 @ 101, AMBAC
    1,000       992  
Montgomery County Economic Development, Trinity Health Care Group, RB, 5.500%, 12/01/16, Callable 12/01/11 @ 100
    1,000       1,046  
Montgomery County Housing Opportunities Commission, Aston Woods Apartments, Ser A, RB, 4.900%, 05/15/31, Callable 05/15/09 @ 101, FNMA
    1,150       1,175  
 
See Notes to Financial Statements.


42


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Maryland Municipal Bond Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Maryland—continued
                 
Montgomery County Housing Opportunities Commission, Ser A, RB, 4.450%, 07/01/17, Callable 01/01/11 @ 100
    75       76  
Montgomery County Housing Opportunities Commission, Ser A, RB, 6.000%, 07/01/20, Callable 07/01/10 @ 100
    1,020       1,033  
Montgomery County Revenue Authority, Lease, College Arts Center Project, Ser A, RB, 5.000%, 05/01/28, Callable 05/01/15 @ 100
    1,000       937  
Northeast Waste Disposal Authority Solid Waste Revenue, RB, AMT, 5.500%, 04/01/11
    220       225  
Talbot County, GO, 5.375%, 03/15/17, Callable 03/15/12 @ 101
    1,000       1,038  
                 
              36,239  
                 
Puerto Rico (2.5%)
Puerto Rico Commonwealth, Ser A, GO, 5.500%, 07/01/19, MBIA
    1,000       988  
                 
Total Municipal Bonds
            37,227  
                 
Money Market Fund (3.3%)
Federated Maryland Municipal Cash Trust
    1,277,637       1,278  
                 
Total Money Market Fund
            1,278  
                 
Total Investments (Cost $39,827)(a) — 99.0%
            38,505  
Other assets in excess of liabilities — 1.0%
            373  
                 
Net Assets — 100.0%
          $ 38,878  
                 
 
 
(a) Represents cost for financial reporting purposes.
 
AMBAC
— Security guaranteed by American Municipal Bond Assurance Corporation
 
AMT
— Alternative Minimum Tax Paper
 
ETM
— Escrowed to Maturity
 
FHA
— Security guaranteed by Federal Housing Administration
 
FNMA
— Security guaranteed by Federal National Mortgage Association
 
FSA
— Security guaranteed by Financial Security Assurance
 
GO
— General Obligation
 
MBIA
— Security guaranteed by Municipal Bond Insurance Association
 
RB
— Revenue Bond
 
See Notes to Financial Statements.


43


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
North Carolina Tax-Exempt Bond Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Municipal Bonds (93.8%)
               
North Carolina (87.7%)
Appalachian State University, Procurement Services Building, RB, 5.000%, 07/15/30, Callable 07/15/15 @ 100, MBIA
    1,250       1,167  
Cape Fear Public Utility Authority, Water & Sewer System, RB, 5.000%, 08/01/21, Callable 08/01/18 @ 100
    500       495  
Cape Fear Public Utility Authority, Water & Sewer System, RB, 5.000%, 08/01/35, Callable 08/01/18 @ 100
    1,000       936  
Charlotte Airport, Ser B, RB, AMT, 6.000%, 07/01/24, Callable 07/01/09 @ 101, MBIA
    1,000       954  
Charlotte North Carolina, COP, 5.000%, 06/01/33, Callable 06/01/18 @ 100
    500       461  
Charlotte, Convention Facilities Project, COP, 5.000%, 12/01/25, Callable 12/01/15 @ 100
    1,000       951  
Charlotte, Convention Facilities Project, Ser A, COP, 5.500%, 08/01/19, Callable 08/01/13 @ 101
    1,000       1,033  
Dare County, COP, 5.000%, 06/01/23, Callable 12/01/12 @ 100, AMBAC
    830       798  
Forsyth County North Carolina, COP, 5.100%, 10/01/19, Prerefunded 10/01/11 @ 101
    1,575       1,679  
Greensboro, Enterprise System, Ser A, RB, 5.000%, 06/01/25, Callable 06/01/17 @ 100
    1,605       1,571  
Iredell County Public Facilities Project, COP, 5.250%, 10/01/20, Callable 10/01/13 @ 100, AMBAC
    500       501  
Johnston Memorial Hospital Authority Mortgage, RB, 5.000%, 10/01/36, Callable 04/01/18 @ 100, FSA/FHA
    1,000       908  
Lenoir County North Carolina, GO, 5.000%, 02/01/21, Callable 02/01/17 @ 100, FSA
    500       503  
North Carolina Capital Facilities Finance Agency, Duke University Project, Ser A, RB, 5.250%, 07/01/42, Prerefunded 10/01/12 @ 100
    3,000       3,220  
North Carolina Capital Facilities Finance Agency, Educational Facilities, Brevard College Corp., RB, 5.000%, 10/01/26, Callable 04/01/17 @ 100
    1,000       821  
North Carolina Eastern Municipal Power Agency, Power System, Ser C, RB, 5.375%, 01/01/16, Callable 01/01/13 @ 100
    500       501  
North Carolina Housing Finance Agency, Homeownership, Ser 27-A, RB, AMT, 5.550%, 07/01/38, Callable 07/01/18 @ 100
    500       441  
North Carolina Medical Care Commission Health System, RB, 5.000%, 10/01/25, Callable 10/01/17 @ 100, FSA
    1,500       1,412  
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       1,291  
North Carolina Municipal Power Agency, No. 1 Catawba Electric, Ser A, RB, 5.250%, 01/01/15
    1,000       1,045  
North Carolina State Education Assistance Authority, Ser Q-2, RB, AMT, 3.660%, 07/01/36, Guaranteed Student Loans(a)(b)
    950       950  
North Carolina State Grant Anticipation, RB, 5.000%, 03/01/14, MBIA
    2,500       2,644  
North Carolina State Grant Anticipation, RB, 5.000%, 03/01/15, MBIA
    1,000       1,054  
North Carolina State Grant Anticipation, RB, 5.000%, 03/01/16, MBIA
    750       785  
North Carolina State, GO, 5.000%, 03/01/11
    735       773  
 
See Notes to Financial Statements.


44


 

                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
North Carolina—continued
                 
Onslow County Hospital Authority, Onslow Memorial Hospital Project, RB, 5.125%, 04/01/18, Callable 10/01/16 @ 100, MBIA/FHA
    500       501  
Raleigh Durham Airport Authority, Ser A, RB, 5.000%, 05/01/30, Callable 05/01/15 @ 100, AMBAC
    2,000       1,825  
Raleigh North Carolina Combined Enterprise System, RB, 5.000%, 03/01/31, Callable 03/01/14 @ 100
    1,000       956  
Rockingham County, COP, 4.000%, 04/01/11, Assured Guaranty
    985       1,008  
Rockingham County, COP, 5.000%, 04/01/18, Callable 04/01/12 @ 101, AMBAC
    500       503  
Salisbury Enterprise System, RB, 5.000%, 02/01/20, Callable 02/01/12 @ 101, FSA
    500       504  
University of North Carolina at Chapel Hill, RB, 5.000%, 12/01/31, Callable 12/01/17 @ 100
    1,270       1,216  
University of North Carolina at Charlotte, Ser B, RB, 5.000%, 04/01/36, Callable 04/01/17 @ 100, FSA
    1,000       943  
University of North Carolina Systems Pool, Ser A, RB, 5.000%, 04/01/23, Callable 04/01/15 @ 100, AMBAC
    1,000       956  
Wake County Hospital, RB, 5.125%, 10/01/13, Callable 10/01/13 @ 100, MBIA, ETM
    350       376  
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       1,001  
Wilmington North Carolina, Ser A, COP, 5.000%, 06/01/38, Callable 06/01/18 @ 100
    2,500       2,261  
                 
              38,944  
                 
Puerto Rico (6.1%)
Puerto Rico Commonwealth, Public Import, GO, 5.500%, 07/01/19, FSA
    835       863  
Puerto Rico Highway & Transportation Authority, Ser AA, RB, 5.500%, 07/01/19, MBIA
    595       588  
Puerto Rico Infrastructure Financing Authority, Special Tax Revenue, Ser C, RB, 5.500%, 07/01/23, AMBAC
    400       381  
Puerto Rico Sales Tax Financing Corporation Sales Tax, Ser A, RB, 5.250%, 08/01/57, Callable 08/01/17 @ 100
    1,000       888  
                 
              2,720  
                 
Total Municipal Bonds
            41,664  
                 
Money Market Funds (3.9%)
Federated Tax-Free Obligations Fund
    1,309,887       1,310  
SEI Tax Exempt Trust, Institutional Tax Free Fund
    413,072       413  
                 
Total Money Market Funds
            1,723  
                 
Total Investments (Cost $45,742)(c) — 97.7%
            43,387  
Other assets in excess of liabilities — 2.3%
            1,001  
                 
Net Assets — 100.0%
          $ 44,388  
                 
 
 
(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.
 
(b) The Fund’s adviser 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 September 30, 2008 are identified below (in thousands):
 
                                         
Issue
  Acquisition
  Cost
  Par
  Value
  Percentage of
Description   Date   ($)   ($)   ($)   Net Assets(%)
 
North Carolina State Education Assistance Authority
    12/10/07       950       950       950       2.14  
 
(c) Represents cost for financial reporting purposes.
 
AMBAC
— Security guaranteed by American Municipal Bond Assurance Corporation
 
AMT
— Alternative Minimum Tax Paper
 
COP
— Certificate of Participation
 
ETM
— Escrowed to Maturity
 
FHA
— Security guaranteed by Federal Housing Administration
 
FSA
— Security guaranteed by Financial Security Assurance
 
GO
— General Obligation
 
MBIA
— Security guaranteed by Municipal Bond Insurance Association
 
RB
— Revenue Bond
 
See Notes to Financial Statements.


45


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Seix Floating Rate High Income Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Bank Loans (88.0%)
Advertising (2.3%)
Affinion Group, Inc.,
5.345%, 10/01/12(a)(b)
    3,245       2,996  
Tribune Co.,
5.541%, 05/17/09(a)(b)
    7,898       7,316  
Valassis Communications, Inc.,
5.520%, 03/02/14(a)(b)
    1,800       1,548  
Valassis Communications, Inc.,
5.520%, 03/02/14(a)(b)
    597       513  
                 
              12,373  
                 
Aerospace/Defense (0.9%)
AM General Corp.,
5.488%, 09/30/12(a)(b)
    124       108  
AM General Corp.,
5.824%, 09/30/12(a)(b)
    3,056       2,674  
Hawker Beechcraft, Inc.,
4.801%, 04/02/14(a)(b)
    133       116  
Hawker Beechcraft, Inc.,
5.762%, 04/02/14(a)(b)
    2,270       1,960  
                 
              4,858  
                 
Auto Parts & Equipment (0.8%)
Baker Tanks, Inc.,
5.298%, 05/08/14(a)(b)
    3,209       2,760  
Centaur LLC,
9.762%, 10/30/12(a)(b)
    1,675       1,340  
                 
              4,100  
                 
Building Materials (0.5%)
Contech Construction Products, Inc.,
4.874%, 01/31/13(a)(b)
    3,904       2,674  
LandSource Communications,
8.250%, 05/31/09(a)(b)
    1        
                 
              2,674  
                 
Chemicals (5.7%)
Celanese Holdings LLC,
4.283%, 04/02/14(a)(b)
    3,925       3,588  
Columbian Chemicals Co.,
7.012%, 02/11/13(a)(b)
    4,374       3,893  
Compass Minerals International, Inc.,
4.945%, 12/22/12(a)(b)
    2,410       2,302  
Hexion Specialty Chemicals, Inc., 5.063%, 05/05/13(a)(b)
    2,376       1,782  
Hexion Specialty Chemicals, Inc., 6.063%, 05/15/13(a)(b)
    516       387  
Huntsman International LLC,
5.459%, 08/16/12(a)(b)
    3,473       3,053  
Ineos Group Holdings PLC,
5.932%, 12/14/12(a)(b)
    1,637       1,359  
Ineos Group Holdings PLC,
5.950%, 12/14/13(a)(b)
    5,597       4,611  
Ineos Group Holdings PLC,
6.450%, 12/14/14(a)(b)
    914       764  
Lucite International Ltd.,
5.050%, 07/03/13(a)(b)
    256       221  
Lucite International Ltd.,
5.050%, 07/03/13(a)(b)
    724       624  
Lyondell Chemical Co.,
7.000%, 12/20/14(a)(b)
    3,980       2,799  
Macdermid Holdings LLC,
5.762%, 04/11/14(a)(b)
    2,213       1,948  
Rockwood Specialties Group, Inc., 4.299%, 07/30/12(a)(b)
    2,985       2,711  
Solutia, Inc.,
8.500%, 02/28/14(a)(b)
    985       897  
                 
              30,939  
                 
Coal (0.3%)
Alpha Natural Resources, Inc.,
5.563%, 10/26/12(a)(b)
    1,839       1,779  
                 
Commercial Services (6.2%)
Astoria Generating Co. LLC,
4.957%, 08/13/13(a)(b)
    1,181       1,080  
BNY ConvergEx Group,
6.770%, 10/02/13(a)(b)
    2,000       1,780  
Catalina Marketing Corp.,
6.762%, 10/01/14(a)(b)
    1,973       1,782  
Dresser, Inc.,
8.557%, 05/04/15(a)(b)
    1,250       1,172  
H3C Holdings Ltd.,
6.701%, 09/28/12(a)(b)
    2,420       2,105  
Live Nation, Inc.,
7.020%, 06/21/13(a)(b)
    2,481       2,319  
Live Nation, Inc.,
7.020%, 06/21/13(a)(b)
    3,826       3,577  
Merrill Corp.,
5.979%, 05/15/11(a)(c)
    4,388       2,808  
Merrill Corp.,
10.223%, 10/01/13(a)(c)
    2,000       1,390  
National Money Mart Co.,
6.520%, 10/30/12(a)(b)
    1,129       949  
National Money Mart Co.,
6.520%, 10/30/12(a)(b)
    831       698  
Quintiles Transnational Corp.,
5.770%, 03/21/13(a)(b)
    975       877  
QVC, Inc.,
3.422%, 10/04/11(a)(b)
    10,000       9,300  
 
See Notes to Financial Statements.


46


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Seix Floating Rate High Income Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Commercial Services—continued
                 
R.H. Donnelley, Inc.,
6.826%, 06/30/11(a)(b)
    2,448       2,134  
Sedgwick CMS Holdings, Inc.,
6.012%, 01/31/13(a)(b)
    1,897       1,746  
                 
              33,717  
                 
Computers (1.2%)
Dresser, Inc.,
5.096%, 05/04/14(a)(b)
    2,912       2,628  
Kronos, Inc.,
6.012%, 06/12/14(a)(b)
    983       865  
Network Solutions LLC,
6.240%, 03/07/14(a)(b)
    2,168       1,691  
Reynolds & Reynolds Co.,
5.704%, 10/23/12(a)(b)
    1,684       1,499  
                 
              6,683  
                 
Diversified Financial Services (2.1%)
Clarke American Corp.,
6.031%, 04/01/14(a)(b)
    3,447       2,637  
East Valley Tourist Development Authority, 10.311%, 08/06/14(a)(b)(c)
    3,000       2,610  
Peach Holdings, Inc.,
7.504%, 11/21/13(a)(b)
    2,760       2,277  
RiskMetrics Group, Inc.,
5.762%, 01/11/14(a)(b)
    2,000       1,870  
VNU, Inc.,
4.803%, 08/09/13(a)(b)
    2,357       2,074  
                 
              11,468  
                 
Diversified Operations (1.2%)
Aramark Corp.,
4.465%, 01/27/14(a)(b)
    119       104  
Aramark Corp.,
5.637%, 01/27/14(a)(b)
    1,881       1,638  
McJunkin Red Man Corp.,
6.954%, 01/31/14(a)(b)
    5,500       4,874  
                 
              6,616  
                 
Electric (2.6%)
Boston Generating LLC,
5.051%, 12/21/13(a)(b)
    97       76  
Boston Generating LLC,
6.012%, 12/21/13(a)(b)
    345       272  
Boston Generating LLC,
6.012%, 12/21/13(a)(b)
    1,531       1,207  
NRG Energy, Inc.,
4.301%, 02/01/13(a)(b)
    2,463       2,140  
NRG Energy, Inc.,
5.262%, 02/01/13(a)(b)
    4,878       4,266  
TXU Energy Co. LLC,
6.222%, 10/10/14(a)(b)
    3,077       2,509  
TXU Energy Co. LLC,
6.280%, 10/10/14(a)(b)
    2,985       2,517  
TXU Energy Co. LLC,
6.228%, 10/27/14(a)(b)
    1,456       1,224  
                 
              14,211  
                 
Energy (1.6%)
Covanta Energy Corp.,
4.632%, 02/09/14(a)(b)
    3,249       2,928  
Covanta Energy Group,
5.553%, 02/09/14(a)(b)
    1,624       1,464  
Longview Power LLC,
5.063%, 02/27/14(a)(b)
    333       292  
Longview Power LLC,
5.125%, 02/27/14(a)(b)
    1,000       877  
Longview Power LLC,
5.750%, 02/27/14(a)(b)
    1,167       1,023  
NE Energy,
7.313%, 10/19/11(a)(b)
    1,000       940  
NE Energy,
5.750%, 10/19/13(a)(b)
    820       777  
NE Energy,
6.313%, 10/19/13(a)(b)
    106       100  
NSG Holdings LLC,
4.320%, 06/15/14(a)(b)
    51       46  
NSG Holdings LLC,
4.320%, 06/15/14(a)(b)
    372       333  
                 
              8,780  
                 
Entertainment (4.8%)
Cedar Fair LP,
5.705%, 08/30/12(a)(b)
    1,925       1,743  
Cinemark, Inc.,
4.615%, 10/04/13(a)(b)
    3,953       3,441  
Rainbow National Services,
3.488%, 06/28/13(a)(b)
    6,850       6,644  
Regal Cinemas, Inc.,
5.262%, 02/26/13(a)(b)
    4,895       4,268  
Venetian Macao Ltd.,
6.020%, 05/25/12(a)(b)
    3,000       2,728  
Venetian Macao Ltd.,
6.020%, 05/25/13(a)(b)
    3,263       2,968  
Venetian Macao Ltd.,
6.020%, 05/26/13(a)(b)
    2,000       1,819  
Warner Music Group,
5.073%, 02/28/11(a)(b)
    2,839       2,550  
                 
              26,161  
                 
                 
 
See Notes to Financial Statements.


47


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Seix Floating Rate High Income Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Environmental Control (1.6%)
Allied Waste North America, Inc., 3.860%, 01/15/12(a)(b)
    2,348       2,265  
Allied Waste North America, Inc., 5.471%, 01/15/12(a)(b)
    3,279       3,163  
Waste Services, Inc.,
4.740%, 04/11/11(a)(b)
    3,500       3,430  
                 
              8,858  
                 
Food (0.4%)
Wm. Wrigley Jr. Co.,
0.000%, 08/15/14(a)(b)(d)
    2,000       1,961  
                 
Forest Products & Paper (1.7%)
Georgia-Pacific Corp.,
5.049%, 01/27/11(a)(b)
    5,700       5,284  
Georgia-Pacific Corp.,
4.544%, 12/20/12(a)(b)
    3,348       2,920  
Verso Paper Holdings LLC,
5.512%, 08/03/13(a)(b)
    892       805  
                 
              9,009  
                 
Health Care (13.2%)
Applera Corp. — Applied Biosystems Group, 0.000%, 09/22/15(a)(b)(d)
    500       487  
Axcan Intermediate Holdings,
7.262%, 02/18/14(a)(b)
    1,950       1,823  
Bausch & Lomb, Inc.,
5.946%, 04/22/15(a)(b)
    1,594       1,483  
Bausch & Lomb, Inc.,
5.950%, 04/22/15(a)(b)
    402       373  
Beverly Enterprises, Inc.,
6.519%, 04/07/11(a)(b)
    2,653       2,387  
Capella Healthcare, Inc.,
7.204%, 03/02/15(a)(b)
    8,955       8,127  
Carestream Health, Inc., 5.201%, 04/30/13(a)(b)
    1,738       1,495  
Carestream Health, Inc.,
8.055%, 10/30/13(a)(b)
    1,000       625  
Community Health Systems,
1.000%, 07/25/14(a)(b)
    566       497  
Community Health Systems,
5.277%, 07/25/14(a)(b)
    11,063       9,712  
CRC Health Corp.,
6.012%, 02/06/13(a)(b)
    2,925       2,428  
Harlan Sprague Dawley, Inc.,
5.314%, 07/11/14(a)(b)
    7,956       7,319  
HCA, Inc.,
5.762%, 11/17/12(a)(b)
    4,647       4,097  
HCA, Inc.,
6.012%, 11/06/13(a)(b)
    8,402       7,440  
Health Management Associates,
5.512%, 02/28/14(a)(b)
    4,531       3,823  
Iasis Healthcare Corp.,
5.704%, 03/15/14(a)(b)
    476       438  
Iasis Healthcare Corp.,
5.704%, 03/15/14(a)(b)
    127       117  
Iasis Healthcare Corp., 5.704%, 03/15/14(a)(b)
    1,375       1,266  
Invacare Corp.,
5.251%, 02/12/13(a)(b)
    815       726  
LifePoint Hospitals, Inc.,
4.435%, 04/15/12(a)(b)
    586       527  
Mylan, Inc.,
7.037%, 10/02/14(a)(b)
    2,978       2,780  
National Mentor Holdings, Inc.,
4.471%, 06/28/13(a)(b)
    110       95  
National Mentor Holdings, Inc.,
5.770%, 06/28/13(a)(b)
    1,847       1,593  
Royalty Pharma,
6.012%, 04/16/13(a)(b)
    3,910       3,700  
Sun Healthcare Group, Inc.,
4.801%, 04/12/14(a)(b)
    322       290  
Sun Healthcare Group, Inc.,
4.804%, 04/12/14(a)(b)
    1,418       1,276  
Sun Healthcare Group, Inc.,
5.422%, 04/19/14(a)(b)
    195       175  
Talecris Biotherapeutics, Inc.,
6.310%, 12/06/13(a)(b)
    2,948       2,852  
Vanguard Health Systems, Inc.,
5.988%, 09/23/11(a)(b)
    3,911       3,510  
                 
              71,461  
                 
Insurance (0.2%)
Hub International Ltd.,
6.262%, 06/12/14(a)(b)
    807       701  
Hub International Ltd.,
6.262%, 06/12/15(a)(b)
    181       158  
                 
              859  
                 
Investment Company (0.3%)
USPF Holdings LLC,
4.239%, 04/11/14(a)(b)
    1,851       1,647  
                 
Leisure Time (0.2%)
Sabre Holdings Corp.,
1.250%, 10/10/14(a)(b)
    923       753  
                 
Lodging (3.8%)
Cannery Casino Resorts LLC,
5.060%, 05/18/13(a)(b)
    2,177       2,052  
 
See Notes to Financial Statements.


48


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Seix Floating Rate High Income Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Lodging—continued
                 
Cannery Casino Resorts LLC,
5.140%, 05/18/13(a)(b)
    1,795       1,692  
Fontainebleau Resorts LLC,
2.000%, 06/05/14(a)(c)
    1,333       787  
Fontainebleau Resorts LLC,
6.065%, 06/05/14(a)(c)
    2,667       1,573  
Isle of Capri Casinos,
4.551%, 11/25/13(a)(b)
    697       573  
Isle of Capri Casinos,
5.512%, 11/25/13(a)(b)
    1,743       1,433  
Isle of Capri Casinos,
5.512%, 11/25/13(a)
    525       432  
Kerzner International Ltd.,
5.818%, 08/31/13(a)(b)
    214       159  
Kerzner International Ltd.,
6.342%, 08/31/13(a)(b)
    1,300       962  
Kerzner International Ltd.,
6.762%, 08/31/13(a)(b)
    2,286       1,692  
Metro-Goldwyn-Mayer, Inc.,
7.012%, 04/08/12(a)(b)
    2,942       1,979  
Metro-Goldwyn-Mayer, Inc.,
7.012%, 04/08/12(a)(b)
    3,251       2,186  
MGM Mirage, Inc.,
2.609%, 11/22/09(a)(b)
    2,128       1,841  
MotorCity Casino,
5.284%, 07/26/12(a)(b)
    3,482       3,012  
                 
              20,373  
                 
Machinery Diversified (0.5%)
NACCO Materials Handling Group, Inc.,
4.848%, 02/24/13(a)(b)
    3,421       2,874  
                 
Media (9.2%)
Block Communications, Inc.,
5.704%, 12/19/12(a)(b)
    992       898  
Cablevision Systems Corp.,
3.819%, 12/13/13(a)(b)
    3,792       3,392  
CanWest Media, Inc.,
4.810%, 07/13/14(a)(b)
    704       619  
CW Media Holdings, Inc.,
7.007%, 09/21/14(a)(b)
    993       923  
DIRECTV Holdings LLC,
5.204%, 03/30/10(a)(b)
    995       927  
DIRECTV Holdings LLC,
5.601%, 03/01/13(a)(b)
    998       947  
Getty Images, Inc.,
7.250%, 07/02/15(a)(b)
    1,500       1,451  
Gray Television, Inc.,
4.290%, 12/31/14(a)(b)
    8,502       6,504  
Insight Midwest Holdings LLC,
3.990%, 10/06/13(a)(b)
    11,818       10,755  
Mediacom LLC,
4.744%, 01/31/15(a)(b)
    8,022       7,130  
Next Media Operating, Inc.,
6.748%, 11/04/12(a)(b)
    504       419  
Next Media Operating, Inc.,
7.429%, 11/04/12(a)(b)
    1,135       942  
Quebecor Media, Inc.,
4.791%, 01/17/13(a)(b)
    2,925       2,603  
San Juan Cable LLC,
4.820%, 10/31/12(a)(b)
    975       829  
Telesat Holdings, Inc.,
5.851%, 10/16/14(a)(b)
    1,372       1,230  
Telesat Holdings, Inc.,
6.594%, 10/16/14(a)(b)
    118       106  
Univision Communications,
6.500%, 09/16/14(a)(b)
    3,853       3,621  
Wenner Media LLC,
5.512%, 09/29/13(a)(b)
    2,720       2,503  
WideOpenWest Finance LLC,
5.397%, 06/30/14(a)(b)
    5,000       3,750  
                 
              49,549  
                 
Miscellaneous Manufacturer (3.8%)
Activant Solutions Holdings, Inc., 4.804%, 05/01/13(a)(b)
    3,598       2,932  
Bombardier, Inc.,
5.290%, 06/28/13(a)(b)
    4,380       3,794  
EPCO Holdings, Inc.,
4.563%, 08/07/12(a)(b)
    10,000       9,625  
John Maneely Co.,
6.043%, 12/06/13(a)(b)
    2,681       2,562  
Zuffa, Inc.,
5.250%, 06/21/15(a)(b)
    1,975       1,659  
                 
              20,572  
                 
Oil & Gas (7.3%)
Alon Refining Krotz Springs, Inc., 10.750%, 07/03/14(a)(b)
    1,750       1,627  
Atlas Pipeline Partners LP,
6.210%, 07/27/14(a)(b)
    706       652  
ATP Oil & Gas Corp.,
8.500%, 07/15/14(a)(b)
    1,455       1,313  
ATP Oil & Gas Corp.,
8.500%, 07/15/14(a)(b)
    2,535       2,288  
Big West Oil LLC,
4.769%, 05/02/14(a)(b)
    1,100       919  
Big West Oil LLC,
4.930%, 05/02/14(a)(b)
    875       746  
 
See Notes to Financial Statements.


49


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Seix Floating Rate High Income Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Oil & Gas—continued
                 
Enterprise GP Holdings LP,
4.916%, 10/27/14(a)(b)
    11,000       10,642  
Niska Gas Storage,
4.843%, 05/01/11(a)(b)
    354       315  
Niska Gas Storage,
4.844%, 05/01/13(a)(b)
    527       469  
Niska Gas Storage,
4.847%, 05/01/13(a)(b)
    779       693  
Niska Gas Storage,
4.847%, 05/01/13(a)(b)
    4,817       4,287  
Petroleum Geo-Services ASA,
5.510%, 06/29/15(a)(b)
    10,714       9,991  
TPF Generation Holdings LLC,
5.762%, 12/15/11(a)(b)
    94       87  
TPF Generation Holdings LLC,
4.801%, 12/15/13(a)(b)
    301       278  
TPF Generation Holdings LLC, 5.762%, 12/15/13(a)(b)
    1,433       1,321  
Vulcan Energy Corp.,
6.250%, 09/13/11(a)(b)
    3,919       3,763  
                 
              39,391  
                 
Packaging & Containers (0.3%)
Anchor Glass Container Corp.,
7.763%, 06/20/14(a)(b)
    1,829       1,769  
                 
Pipelines (2.7%)
Energy Transfer Equity LP,
4.553%, 02/08/12(a)(b)
    12,250       11,316  
Targa Resources, Inc.,
4.801%, 10/31/12(a)(b)
    1,169       1,076  
Targa Resources, Inc.,
5.970%, 10/31/12(a)(b)
    2,047       1,885  
                 
              14,277  
                 
Real Estate (1.0%)
CB Richard Ellis,
4.688%, 12/20/13(a)(b)
    4,834       3,891  
Mattamy Group,
5.063%, 04/11/13(a)(b)
    1,955       1,642  
                 
              5,533  
                 
Retail (1.6%)
Capital Automotive LP,
4.240%, 12/16/10(a)(b)
    5,519       4,799  
Gregg Appliances, Inc.,
4.800%, 07/25/13(a)(b)
    893       785  
Petco Animal Supplies, Inc.,
5.650%, 10/26/13(a)(b)
    938       821  
Sports Authority, Inc. (The),
6.012%, 04/06/13(a)(b)
    2,933       2,199  
                 
              8,604  
                 
Telecommunication Services (9.7%)
Alltel Communications, Inc.,
4.997%, 05/15/15(a)(b)
    3,985       3,888  
Alltel Communications, Inc.,
4.997%, 05/15/15(a)(b)
    10,932       10,543  
Asurion Corp.,
5.735%, 07/03/14(a)(b)
    3,900       3,399  
Cequel Communications LLC,
4.792%, 10/01/13(a)(b)
    2,943       2,563  
Cequel Communications LLC,
7.301%, 05/05/14(a)(b)
    1,000       802  
FairPoint Communications, Inc., 5.750%, 04/01/16(a)(b)
    6,200       5,017  
Intelsat Corp. (PanAmSat),
5.288%, 07/03/13(a)(b)
    730       672  
Intelsat Corp. (PanAmSat),
5.288%, 07/03/13(a)(b)
    730       671  
Intelsat Corp. (PanAmSat),
5.288%, 07/03/13(a)(b)
    730       671  
IPC Information Systems, Inc.,
6.012%, 05/31/14(a)(b)
    1,481       1,044  
MCC Iowa LLC,
4.744%, 01/31/15(a)(b)
    1,965       1,749  
NG Wireless, Inc.,
6.750%, 07/31/14(a)(b)
    1,995       1,895  
Sorenson Communications, Inc., 6.210%, 08/01/13(a)(b)
    3,817       3,579  
Sorenson Communications, Inc., 9.810%, 02/01/14(a)(b)
    1,828       1,723  
Stratos Global Corp.,
6.262%, 02/13/12(a)(b)
    264       240  
Stratos Global Corp.,
6.262%, 02/13/12(a)(b)
    2,678       2,434  
Virgin Media Investment Holdings Ltd.,
4.799%, 09/03/12(a)(b)
    2,411       2,257  
West Corp.,
5.171%, 10/23/13(a)(b)
    2,426       1,820  
Wind Acquisition Holdings,
10.035%, 12/07/11(a)(b)
    1,802       1,585  
Wind Acquisition Holdings,
0.000%, 08/04/14(a)(b)(d)
    1,000       936  
Wind Acquisition Holdings,
0.000%, 08/04/14(a)(b)(d)
    1,000       928  
Wind Acquisition Holdings,
9.635%, 11/26/14(a)(b)
    2,500       2,469  
 
See Notes to Financial Statements.


50


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Seix Floating Rate High Income Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Telecommunication Services—continued
                 
Windstream Corp.,
4.290%, 07/17/13(a)(b)
    1,980       1,829  
                 
              52,714  
                 
Transportation (0.3%)
Volnay Acquisition (Compagnie Generale),
5.299%, 01/12/14(a)(b)
    1,765       1,624  
                 
Total Bank Loans
            476,187  
                 
Corporate Bonds (2.5%)
Media (0.4%)
XM Satellite Radio Holdings, Inc., 13.000%, 08/01/13(b)
    3,250       1,917  
                 
Oil & Gas (1.0%)
SandRidge Energy, Inc.,
6.323%, 04/01/14, Callable 04/01/09 @ 103(a)(b)
    3,000       2,821  
SandRidge Energy, Inc.,
8.625%, 04/01/15, Callable 04/01/11 @ 104.31(b)
    3,000       2,685  
                 
              5,506  
                 
Telecommunication Services (1.1%)
Alltel Communications,
10.375%, 12/01/17, Callable 12/01/12 @ 105.19(b)
    2,000       2,280  
FairPoint Communications, Inc., 13.125%, 04/01/18, Callable 04/01/13 @ 106.56(b)
    1,475       1,342  
Sprint Nextel Corp.,
4.169%, 06/28/10(a)
    3,000       2,603  
                 
              6,225  
                 
Total Corporate Bonds
            13,648  
                 
U.S. Treasury Obligation (0.1%)
U.S. Treasury Notes (0.1%) 3.125%, 10/15/08
    800       801  
                 
Total U.S. Treasury Obligation
            801  
                 
Money Market Fund (6.1%)
RidgeWorth Institutional Cash Management Money Market Fund(e)
    33,065,288       33,065  
                 
Total Money Market Fund
            33,065  
                 
Total Investments
(Cost $572,592)(f) — 96.7%
            523,701  
Other assets in excess of liabilities — 3.3%
            17,805  
                 
Net Assets — 100.0%
          $ 541,506  
                 
 
(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.
 
(b) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 93.0% of net assets as of September 30, 2008.
 
(c) The Fund’s adviser 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 September 30, 2008 are identified below (in thousands):
 
                                         
Issue
  Acquisition
  Cost
  Par
  Value
  Percentage of
Description   Date   ($)   ($)   ($)   Net Assets(%)
 
Merrill Corp. 
    04/10/06       4,464       4,387       2,808       0.52  
Merrill Corp. 
    11/15/06       2,000       2,000       1,390       0.26  
Fontainebleau Resorts LLC
    05/25/07       2,667       2,667       1,573       0.29  
Fontainebleau Resorts LLC
    10/11/07       1,333       1,333       787       0.14  
East Valley Tourist Development Authority
    08/08/07       2,970       3,000       2,610       0.48  
 
(d) This security has not settled as of September 30, 2008 and thus does not have a rate in effect. This security does not have a stated settlement date and will receive a rate upon settling with the custodian.
 
(e) Affiliate investment.
 
(f) Represents cost for financial reporting purposes.
 
As of September 30, 2008, the Fund had the following unfunded loan commitments.
 
                 
        Unrealized
    Unfunded
  Appreciation/
Borrower   Commitments($)   (Depreciation)($)
 
Brand Services
    7,500       (877 )
Calpine Corp. 
    5,500       (825 )
MGM Mirage, Inc. 
    872       (118 )
Telcordia Technologies, Inc. 
    5,000       (700 )
                 
              (2,520 )
                 
 
The commitments are available until the maturity date of the respective security.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
 
See Notes to Financial Statements.


51


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Seix Floating Rate High Income Fund — concluded
 
Credit Default Swap Agreements
 
                                     
        Notional
  Fixed
  Expiration
   
Underlying Instrument
  Counterparty   Amount($)   Rate(%)   Date   Value($)
 
Masco Corp. 
  Deutsche Bank     (1,000 )     2.99       06/20/13       (11 )
                                     
                                  (11 )
                                     
 
At September 30, 2008, liquid assets totaling $49,721, in thousands, have been designated as collateral for open swap agreements.
 
See Notes to Financial Statements.


52


 

SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Seix Global Strategy Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
U.S. Treasury Obligation (98.7%)
U.S. Treasury Bill (98.7%)
               
0.020%, 10/02/08(a)
    4,500       4,500  
                 
Total U.S. Treasury Obligation
            4,500  
                 
Short-Term Investment (0.7%)
               
Brown Brothers Harriman & Co., Cayman Islands Cash Sweep
    33,778       34  
                 
Total Short-Term Investment
            34  
                 
Total Investments
(Cost $4,534)(b) — 99.4%
            4,534  
Other assets in excess of
liabilities — 0.6%
            28  
                 
Net Assets — 100.0%
          $ 4,562  
                 
 
 
(a) Rate represents the effective yield at purchase.
 
(b) Represents cost for financial reporting purposes.
 
Credit Default Swap Agreements
 
                                       
        Notional
  Fixed
  Expiration
   
Underlying Instrument
  Counterparty   Amount($)   Rate(%)   Date   Value($)
 
Brazil 10/20/13
  Barclays Bank PLC     1,055       1 .67       10/20/13       (3 )
Turkey 10/20/13
  Barclays Bank PLC     (265 )     2 .88       10/20/13       (1 )
                                       
                                    (4 )
                                       
 
Interest Rate Swaps
 
                                             
        Notional
  (Pay)/Receive
  Fixed
  Expiration
   
Underlying Instrument
  Counterparty   Amount($)   Floating Rate   Rate(%)   Date   Value($)
 
Fixed 10-Year Israel
  Citibank N.A.     173       Receive       5.71       9/10/18       (3 )
Fixed 10-Year Norway
  Citibank N.A.     153       Receive       5.55       9/10/18       3  
Fixed 130X1 TIIE
  Barclays Bank PLC     326       Receive       9.06       9/10/18       4  
Fixed 2-Year New Zealand Bill
  UBS AG     1,204       Receive       7.20       9/10/10       7  
Fixed 2-Year PLN
  Barclays Bank PLC     588       Receive       6.04       10/1/10        
Fixed 2-Year Sweden
  Citibank N.A.     1,156       Receive       5.06       9/10/10       8  
Fixed 2-Year Sweden
  UBS AG     1,255       Receive       4.96       9/15/10       5  
Fixed 2-Year UK
  Barclays Bank PLC     827       Receive       5.16       9/15/10       (1 )
Fixed 26X1 TIIE
  Citibank N.A.     1,189       Receive       8.68       9/7/10       4  
Fixed 5-Year CLP
  Citibank N.A.     263       Receive       7.71       9/10/13       5  
Fixed 5-Year CLP
  Citibank N.A.     259       Receive       7.55       9/12/13       3  
Fixed 5-Year Euro
  Citibank N.A.     373       Receive       4.56       9/10/13       (2 )
Fixed AUD 1-Year FWD
  UBS AG     1,580       Receive       6.29       9/11/10        
Fixed DI Maturity
  Citibank N.A.     336       Receive       14.69       1/2/12       5  
Fixed DI Maturity
  Citibank N.A.     373       Receive       14.18       1/12/12        
                                             
                                          38  
                                             
 
See Notes to Financial Statements.


53


 

At September 30, 2008 the Fund’s foreign currency contracts were as follows:
 
                                         
        Contract
  Contract
      Unrealized
    Delivery
  Amount in
  Value in
  Market
  Appreciation
Currency
  Date   Local Currency   USD($)   Value($)   (Depreciation)($)
 
Short:
                                       
Brazilian Real
    12/15/08       168       90       87       3  
Brazilian Real
    12/23/08       421       226       219       7  
Brazilian Real
    12/26/08       423       225       219       6  
Colombian Peso
    12/10/08       185,850       90       84       6  
Colombian Peso
    12/10/08       94,275       45       43       2  
Czech Republic Koruna
    12/12/08       1,587       90       91       (1 )
Euro
    12/09/08       64       90       90        
Euro
    12/24/08       153       225       217       8  
Polish Zloty
    12/12/08       220       90       91       (1 )
Swedish Krona
    12/11/08       610       90       88       2  
Turkish Lira
    12/12/08       115       90       88       2  
                                         
Total Short Contract:
                  $ 1,351     $ 1,317     $ 34  
                                         
Long:
                                       
Brazilian Real
    12/15/08       168       92       87       (5 )
Brazilian Real
    12/23/08       421       225       218       (7 )
Brazilian Real
    12/26/08       423       225       219       (6 )
Colombian Peso
    12/10/08       280,125       135       127       (8 )
Czech Republic Koruna
    12/12/08       1,587       92       91       (1 )
Euro
    12/09/08       64       90       90        
Euro
    12/24/08       153       225       216       (9 )
Polish Zloty
    12/12/08       220       92       91       (1 )
Swedish Krona
    12/11/08       610       90       88       (2 )
Turkish Lira
    12/12/08       115       90       89       (1 )
                                         
Total Long Contract:
                  $ 1,356     $ 1,316     $ (40 )
                                         
 
See Notes to Financial Statements.


54


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Seix High Yield Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Bank Loans (4.3%)
Advertising (0.9%)
Tribune Co.,
5.541%, 05/17/09(a)(b)
    7,078       6,557  
                 
Diversified Financial Services (1.4%)
East Valley Tourist Development Authority,
10.311%, 08/06/14(a)(c)
    11,500       10,005  
                 
Diversified Operations (0.7%)
McJunkin Red Man Corp., 6.954%, 01/31/14(a)(b)
    5,500       4,874  
                 
Telecommunication Services (1.3%)
Alltel Communications, Inc.,
4.997%, 05/15/15(a)(b)
    3,000       2,893  
Asurion Corp.,
5.735%, 07/03/14(a)(b)
    4,700       4,097  
FairPoint Communications, Inc., 5.750%, 04/01/16(a)(b)
    3,000       2,427  
                 
              9,417  
                 
Total Bank Loans
            30,852  
                 
Corporate Bonds (89.7%)
Advertising (0.2%)
Affinion Group, Inc., 10.125%, 10/15/13,
Callable 10/15/09 @ 105.06
    1,510       1,419  
                 
Aerospace/Defense (1.4%)
BE Aerospace, Inc., 8.500%, 07/01/18, Callable 07/01/13 @ 104.25
    4,345       4,215  
Hawker Beechcraft Acquisition Co., 8.500%, 04/01/15, Callable 04/01/11 @ 104.25
    3,090       2,827  
Hawker Beechcraft Acquisition Co., 8.875%, 04/01/15, Callable 04/01/11 @ 104.44
    800       724  
Moog, Inc.,
7.250%, 06/15/18, Callable 06/15/13 @ 103.63(b)
    1,170       1,123  
Transdigm, Inc.,
7.750%, 07/15/14, Callable 07/15/09 @ 105.81
    1,255       1,180  
                 
              10,069  
                 
Auto Parts & Equipment (0.8%)
Goodyear Tire & Rubber Co. (The), 6.678%, 12/01/09, Callable 11/03/08 @ 100.00(a)
    3,820       3,744  
Goodyear Tire & Rubber Co. (The), 8.625%, 12/01/11, Callable 12/01/09 @ 104.31
    1       1  
Goodyear Tire & Rubber Co. (The), 9.000%, 07/01/15, Callable 07/01/10 @ 104.5(d)
    463       458  
Tenneco, Inc.,
8.125%, 11/15/15, Callable 11/15/11 @ 104.06
    1,695       1,449  
                 
              5,652  
                 
Beverages (0.7%)
Constellation Brands, Inc., 8.375%, 12/15/14
    4,870       4,821  
                 
Building (3.4%)
Centex Corp., 6.500%, 05/01/16
    3,835       3,030  
D.R. Horton, Inc., 5.250%, 02/15/15
    2,010       1,488  
D.R. Horton, Inc., 5.625%, 01/15/16
    365       270  
D.R. Horton, Inc., 6.500%, 04/15/16
    1,820       1,383  
K Hovnanian Enterprises, Inc., 11.500%, 05/01/13, Callable 11/01/10 @ 102.00(b)
    7,150       7,007  
Nortek, Inc., 10.000%, 12/01/13, Callable 06/01/11 @ 105.00(b)
    5,890       5,183  
Pulte Homes, Inc., 5.250%, 01/15/14
    1,045       867  
Texas Industries, Inc., 7.250%, 07/15/13, Callable 07/15/09 @ 103.63(b)
    3,890       3,384  
U.S. Concrete, Inc., 8.375%, 04/01/14, Callable 04/01/09 @ 104.19
    1,930       1,506  
                 
              24,118  
                 
Chemicals (1.4%)
Axcan Intermediate Holdings, Inc., 9.250%, 03/01/15, Callable 03/01/11 @ 106.94(b)
    2,250       2,227  
Huntsman International LLC, 11.625%, 10/15/10, Callable 10/24/08 @ 102.91
    3,785       3,861  
Ineos Group Holdings PLC, 8.500%, 02/15/16, Callable 02/15/11 @ 104.25(b)
    675       365  
 
See Notes to Financial Statements.


55


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Seix High Yield Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Chemicals—continued
                 
Mosaic Co., 7.375%, 12/01/14, Callable 12/01/10 @ 103.69(b)
    990       1,025  
Mosaic Co., 7.625%, 12/01/16, Callable 12/01/11 @ 103.81(b)
    475       485  
Reichhold Industries, Inc., 9.000%, 08/15/14, Callable 08/15/10 @ 104.50(b)
    2,310       2,218  
                 
              10,181  
                 
Coal (0.7%)
Peabody Energy Corp.,
7.375%, 11/01/16
    5,445       5,227  
                 
Commercial Services (3.0%)
Aramark Services, Inc.,
8.500%, 02/01/15, Callable 02/01/11 @ 104.25
    4,200       3,948  
Cenveo Corp.,
10.500%, 08/15/16, Callable 08/15/12 @ 105.25(b)
    1,025       948  
Corrections Corp. of America, 7.500%, 05/01/11, Callable 10/24/08 @ 101.88
    2,750       2,740  
DI Finance/DynCorp International, Ser B,
9.500%, 02/15/13, Callable 02/15/09 @ 104.75
    2,303       2,257  
Iron Mountain, Inc.,
8.625%, 04/01/13, Callable 11/03/08 @ 101.44
    2,200       2,167  
Iron Mountain, Inc.,
7.750%, 01/15/15, Callable 11/03/08 @ 103.88
    1,535       1,520  
Rainbow National Services LLC, 10.375%, 09/01/14, Callable 09/01/09 @ 105.19(b)
    1,050       1,071  
Seitel Acquisition Corp.,
9.750%, 02/15/14, Callable 02/15/11 @104.88
    4,770       3,887  
Service Corp. International,
6.750%, 04/01/15
    1,765       1,540  
Service Corp. International,
7.000%, 06/15/17
    1,825       1,560  
                 
              21,638  
                 
Diversified Financial Services (6.0%)
Firekeepers Development Authority, 13.875%, 05/01/15, Callable 05/01/12 @ 110.50(b)
    4,170       3,670  
Ford Motor Credit Co.,
7.250%, 10/25/11(d)
    6,690       4,254  
Ford Motor Credit Corp.,
7.375%, 02/01/11
    5,345       3,552  
Ford Motor Credit Corp.,
5.538%, 01/13/12(a)
    3,730       2,386  
Ford Motor Credit Corp.,
7.800%, 06/01/12
    3,400       2,111  
Ford Motor Credit Corp.,
7.000%, 10/01/13(d)
    10,100       6,207  
GMAC LLC,
6.875%, 09/15/11
    5,460       2,436  
GMAC LLC,
6.000%, 12/15/11
    3,449       1,534  
GMAC LLC,
6.625%, 05/15/12
    4,110       1,740  
Hexion US Finance Corp.,
7.304%, 11/15/14, Callable 11/15/08 @ 102(a)
    1,550       1,116  
Hexion US Finance Corp.,
9.750%, 11/15/14, Callable 11/15/10 @ 104.88
    35       28  
Lender Process Services, 8.125%, 07/01/16, Callable 07/01/11 @ 106.09(b)
    4,260       4,154  
Level 3 Financing, Inc.,
12.250%, 03/15/13, Callable 03/15/10 @ 106.13
    1,815       1,606  
NSG Holdings LLC,
7.750%, 12/15/25(b)
    715       679  
SLM Corp.,
8.450%, 06/15/18, MTN
    3,730       2,536  
SunGard Data Systems, Inc.,
9.125%, 08/15/13, Callable 08/15/09 @ 104.56(d)
    5,030       4,527  
                 
              42,536  
                 
Diversified Minerals (2.0%)
CII Carbon LLC,
11.125%, 11/15/15, Callable 11/15/11 @ 105.56(b)
    5,000       4,875  
FMG Finance Property Ltd.,
10.000%, 09/01/13(b)(d)
    9,110       8,746  
FMG Finance Property Ltd.,
10.625%, 09/01/16(b)
    745       730  
                 
              14,351  
                 
                 
 
See Notes to Financial Statements.

56


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Seix High Yield Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Diversified Operations (2.2%)
Freeport-McMoRan Copper & Gold, Inc., 8.250%, 04/01/15, Callable 04/01/11 @ 104.13
    4,035       3,964  
Freeport-McMoRan Copper & Gold, Inc., 8.375%, 04/01/17, Callable 04/01/12 @ 104.19
    2,620       2,581  
Leucadia National Corp.,
7.000%, 08/15/13
    1,890       1,781  
Leucadia National Corp.,
8.125%, 09/15/15
    1,500       1,459  
Leucadia National Corp.,
7.125%, 03/15/17, Callable 03/15/12 @ 103.56
    4,745       4,318  
SPX Corp.,
7.625%, 12/15/14(b)
    1,425       1,425  
                 
              15,528  
                 
Electric (10.5%)
AES Corp. (The),
8.750%, 05/15/13, Callable
10/24/08 @ 104.38(b)
    1       1  
AES Corp. (The),
8.000%, 10/15/17
    6,115       5,519  
Aquila, Inc.,
11.875%, 07/01/12(a)
    495       548  
Baldor Electic Co.,
8.625%, 02/15/17, Callable 02/15/12 @ 103.31(d)
    1,620       1,547  
Dynegy, Inc.,
7.750%, 06/01/19
    8,245       6,596  
Edison Mission Energy,
7.500%, 06/15/13
    265       254  
Edison Mission Energy,
7.200%, 05/15/19
    1,000       880  
Elwood Energy LLC,
8.159%, 07/05/26
    3,001       2,749  
Energy Future Holdings,
10.875%, 11/01/17, Callable 11/01/12 @ 105.44(b)
    8,640       7,798  
General Cable Corp.,
5.166%, 04/01/15, Callable 04/01/09 @ 102(a)
    2,720       2,285  
Homer City Funding LLC,
8.137%, 10/01/19
    1,320       1,313  
Inergy LP/Inergy Finance,
8.250%, 03/01/16, Callable
03/01/11 @ 104.13(d)
    1,565       1,440  
IPALCO Enterprises, Inc.,
7.250%, 04/01/16(b)
    1,870       1,786  
Midwest Generation LLC,
Ser A, 8.300%, 07/02/09
    1,199       1,214  
Midwest Generation LLC,
Ser B, 8.560%, 01/02/16
    4,235       4,362  
Mirant Americas Generation LLC, 8.300%, 05/01/11
    1,300       1,258  
Mirant Mid-Atlantic LLC,
Ser B, 9.125%, 06/30/17
    5,993       6,473  
Mirant Mid-Atlantic LLC,
Ser C, 10.060%, 12/30/28
    2,436       2,746  
NRG Energy, Inc.,
7.375%, 02/01/16, Callable 02/01/11 @ 103.69
    10,170       9,153  
NRG Energy, Inc.,
7.375%, 01/15/17, Callable 11/15/11 @ 100
    2,720       2,475  
Reliant Energy, Inc.,
6.750%, 12/15/14, Callable 12/15/09 @ 103.38
    1,195       1,037  
Sithe/Independence Funding,
Ser A, 9.000%, 12/30/13
    2,602       2,623  
Texas Competitive Electric Holdings LLC, 10.250%, 11/01/15, Callable
11/01/11 @ 105.13(b)
    8,095       7,306  
Texas Competitive Electric Holdings LLC, 10.250%, 11/01/15, Callable
11/01/11 @ 105.13(b)
    3,925       3,542  
                 
              74,905  
                 
Electronics (0.5%)
Flextronics International Ltd.,
6.500%, 05/15/13
    325       289  
Jabil Circuit, Inc.,
8.250%, 03/15/18(d)
    3,460       3,235  
                 
              3,524  
                 
Entertainment (0.6%)
Penn National Gaming, Inc.,
6.875%, 12/01/11, Callable 11/03/08 @ 103.44
    1,200       1,128  
Scientific Games Corp., 7.875%, 06/15/16, Callable 06/15/12 @ 103.94(b)
    2,035       1,939  
Sinclair Television Group, 8.000%, 03/15/12, Callable 11/03/08 @ 102.67(d)
    1,194       1,152  
                 
              4,219  
                 
                 
 
See Notes to Financial Statements.

57


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Seix High Yield Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Environmental Control (0.6%)
Allied Waste North America, Inc., Ser B, 7.125%, 05/15/16, Callable 05/15/11 @ 103.56
    4,900       4,569  
                 
Food (1.7%)
Del Monte Corp.,
8.625%, 12/15/12, Callable 11/03/08 @ 104.31
    4,627       4,581  
Smithfield Foods, Inc.,
7.000%, 08/01/11
    1,820       1,583  
Smithfield Foods, Inc.,
7.750%, 07/01/17
    380       298  
Smithfield Foods, Inc., Ser B, 8.000%, 10/15/09
    600       582  
Smithfield Foods, Inc., Ser B, 7.750%, 05/15/13
    2,600       2,184  
Stater Brothers Holdings, Inc., 7.750%, 04/15/15, Callable 04/15/11 @ 103.88
    2,790       2,609  
                 
              11,837  
                 
Forest Products & Paper (1.6%)
Cascades, Inc.,
7.250%, 02/15/13, Callable 10/24/08 @ 103.62
    625       487  
Georgia-Pacific LLC,
8.125%, 05/15/11(d)
    4,380       4,336  
Georgia-Pacific LLC,
9.500%, 12/01/11
    3,125       3,094  
Rock-Tenn Co.,
9.250%, 03/15/16, Callable
03/15/12 @ 104.63(b)
    1,720       1,746  
Verso Paper Holdings LLC,
Ser B, 6.551%, 08/01/14, Callable 10/24/08 @ 102(a)
    1,800       1,485  
                 
              11,148  
                 
Health Care (7.8%)
Bausch & Lomb, Inc.,
9.875%, 11/01/15, Callable
11/01/11 @ 104.94(b)(d)
    2,895       2,750  
Biomet, Inc.,
10.000%, 10/15/17, Callable 10/15/12 @ 105.00
    4,050       4,131  
Catalent Pharma Solutions, 9.500%, 04/15/15, Callable 04/15/11 @ 104.75
    2,607       2,021  
Community Health Systems, Inc., 8.875%, 07/15/15, Callable 07/15/11 @ 104.44
    11,395       10,825  
HCA, Inc.,
9.125%, 11/15/14, Callable 11/15/10 @ 104.56
    7,230       7,031  
HCA, Inc.,
9.250%, 11/15/16, Callable 11/15/11 @ 104.63
    7,835       7,620  
Health Management Associates, Inc.,
6.125%, 04/15/16
    4,865       3,892  
Psychiatric Solutions, Inc.,
7.750%, 07/15/15, Callable 07/15/10 @ 103.88
    2,440       2,269  
Tenet Healthcare Corp.,
7.375%, 02/01/13
    3,795       3,454  
Tenet Healthcare Corp.,
9.875%, 07/01/14
    2,150       2,096  
Tenet Healthcare Corp.,
9.250%, 02/01/15(d)
    2,490       2,353  
U.S. Oncology, Inc.,
9.000%, 08/15/12, Callable 11/10/08 @ 104.50
    2,450       2,450  
Universal Hospital Services, Inc., 6.303%, 06/01/15, Callable 06/01/09 @ 102(a)
    780       686  
Universal Hospital Services, Inc. (PIK), 8.500%, 06/01/15, Callable 06/01/11 @ 104.25
    4,855       4,527  
                 
              56,105  
                 
Insurance (1.3%)
AFC Capital Trust I,
Ser B, 8.207%, 02/03/27(d)
    3,287       2,728  
Crum & Forster Holdings Corp., 7.750%, 05/01/17, Callable 05/01/12 @ 103.88
    4,425       3,850  
Fairfax Financial Holdings,
7.750%, 06/15/17, Callable 06/15/12 @ 103.88
    3,075       2,798  
                 
              9,376  
                 
Lodging (1.7%)
MGM Mirage, Inc.,
6.625%, 07/15/15(d)
    5,780       4,017  
MGM Mirage, Inc.,
7.500%, 06/01/16
    755       551  
MGM Mirage, Inc.,
7.625%, 01/15/17
    4,575       3,294  
San Pasqual Casino,
8.000%, 09/15/13, Callable 09/15/09 @ 104(b)
    1,365       1,222  
 
See Notes to Financial Statements.

58


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Seix High Yield Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Lodging—continued
                 
Wynn Las Vegas LLC,
6.625%, 12/01/14, Callable 12/01/09 @ 103.31
    3,945       3,363  
                 
              12,447  
                 
Machinery Diversified (0.6%)
Case Corp.,
7.250%, 01/15/16
    1,375       1,244  
Chart Industries, Inc.,
9.125%, 10/15/15, Callable 10/15/10 @ 104.56
    2,700       2,768  
                 
              4,012  
                 
Materials (1.3%)
Novelis, Inc.,
7.250%, 02/15/15, Callable 02/15/10 @ 103.63
    3,940       3,428  
Steel Dynamics, Inc.,
7.750%, 04/15/16, Callable 04/15/12 @ 103.88(b)
    6,755       6,012  
                 
              9,440  
                 
Media (7.1%)
Block Communications, Inc., 8.250%, 12/15/15, Callable
12/15/10 @ 104.13(b)
    975       878  
Charter Communications LLC, 8.000%, 04/30/12(b)
    1,000       895  
Charter Communications LLC, 8.375%, 04/30/14, Callable
04/30/09 @ 104.19(b)
    4,961       4,378  
Charter Communications LLC, 10.875%, 09/15/14, Callable
03/15/12 @ 105.44(b)(d)
    2,080       2,018  
CSC Holdings, Inc.,
8.500%, 06/15/15, Callable
06/15/12 @ 104.25(b)(d)
    4,640       4,309  
CSC Holdings, Inc.,
7.625%, 07/15/18
    1,460       1,270  
DirecTV Holdings LLC,
8.375%, 03/15/13, Callable 10/24/08 @ 104.19
    7,520       7,426  
DirecTV Holdings LLC,
7.625%, 05/15/16, Callable
05/15/16 @ 103.81(b)
    2,325       2,104  
EchoStar DBS Corp.,
7.750%, 05/31/15
    3,400       2,881  
EchoStar DBS Corp.,
7.125%, 02/01/16
    610       490  
Kabel Deutschland GmbH, 10.625%, 07/01/14, Callable 07/01/09 @ 105.31(d)
    6,335       6,208  
LIN Television Corp.,
6.500%, 05/15/13, Callable 05/15/12 @ 103.25(d)
    1,540       1,201  
LIN Television Corp.,
Ser B, 6.500%, 05/15/13, Callable 11/03/08 @ 103.25
    2,000       1,560  
Mediacom Broadband LLC, 9.500%, 01/15/13, Callable 10/24/08 @ 101.58
    955       855  
Mediacom Broadband LLC, 8.500%, 10/15/15, Callable 10/15/10 @ 104.25
    7,185       5,928  
Quebecor Media, Inc., 7.750%, 03/15/16, Callable 03/15/11 @ 103.88
    1,790       1,566  
Quebecor Media, Inc.,
7.750%, 03/15/16, Callable 03/15/11 @ 103.88
    3,250       2,844  
Rogers Cable, Inc.,
8.750%, 05/01/32
    1,400       1,577  
Videotron,
9.125%, 04/15/18, Callable
04/15/13 @ 104.56(b)(d)
    2,315       2,338  
                 
              50,726  
                 
Metals (0.5%)
Owens-Brockway Glass Containers, Inc.,
8.250%, 05/15/13, Callable 10/24/08 @ 104.12(d)
    3,715       3,696  
                 
Miscellaneous Manufacturer (0.5%)
American Railcar Industries, 7.500%, 03/01/14, Callable 03/01/11 @ 103.75
    1,755       1,553  
Bombardier, Inc.,
8.000%, 11/15/14, Callable 11/15/10 @ 104(b)
    1,900       1,881  
                 
              3,434  
                 
Oil & Gas (12.0%)
Atlas Energy Resources LLC, 10.750%, 02/01/18, Callable 02/01/13 @ 105.38(b)
    7,475       6,728  
Chesapeake Energy Corp., 7.625%, 07/15/13
    8,695       8,305  
Chesapeake Energy Corp., 7.500%, 06/15/14, Callable 06/15/09 @ 103.75
    345       330  
Cie Generale De Geophysique, 7.500%, 05/15/15, Callable 05/15/10 @ 103.75
    4,755       4,541  
 
See Notes to Financial Statements.

59


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Seix High Yield Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Oil & Gas—continued
                 
Cie Generale De Geophysique, 7.750%, 05/15/17, Callable 05/15/12 @ 103.88
    415       394  
Cimarex Energy Co.,
7.125%, 05/01/17, Callable 05/01/12 @ 103.56
    1,995       1,836  
Compton Petroleum Finance Corp., 7.625%, 12/01/13, Callable 12/01/09 @ 103.81
    4,480       3,931  
Connacher Oil & Gas,
10.250%, 12/15/15, Callable
12/15/11 @ 105.13(b)
    3,895       3,739  
Forest Oil Corp.,
7.250%, 06/15/19, Callable 06/15/12 @ 103.63(b)
    3,960       3,386  
Linn Energy LLC,
9.875%, 07/01/18, Callable
07/01/13 @ 104.94(b)(d)
    4,285       3,728  
Mariner Energy, Inc.,
8.000%, 05/15/17, Callable 05/15/12 @ 104
    2,465       2,083  
Newfield Exploration Co., 6.625%, 04/15/16, Callable 04/15/11 @ 103.31
    1,225       1,090  
Newfield Exploration Co., 7.125%, 05/15/18, Callable 05/15/13 @ 103.56
    1,920       1,670  
OPTI Canada, Inc.,
7.875%, 12/15/14, Callable 12/15/10 @ 104.13
    4,885       4,323  
OPTI Canada, Inc.,
8.250%, 12/15/14, Callable 12/15/10 @ 104.13
    6,885       6,162  
Petrohawk Energy Corp., 9.125%, 07/15/13, Callable 07/15/10 @ 104.56
    1,360       1,278  
Petrohawk Energy Corp., 7.875%, 06/01/15, Callable 06/01/12 @ 103.94(b)
    5,080       4,420  
Pioneer Natural Resources Co., 6.650%, 03/15/17
    2,915       2,598  
Plains Exploration & Production Co.,
7.625%, 06/01/18, Callable 06/01/13 @ 103.81
    2,510       2,221  
Quicksilver Resources, Inc., 7.125%, 04/01/16, Callable 04/01/11 @ 103.56
    2,700       2,201  
Range Resources Corp., 7.500%, 05/15/16, Callable 05/15/11 @ 103.75
    1,370       1,308  
Range Resources Corp., 7.250%, 05/01/18, Callable 05/01/13 @ 103.63
    2,130       2,013  
Sabine Pass LNG LP,
7.250%, 11/30/13
    2,895       2,287  
Sabine Pass LNG LP,
7.500%, 11/30/16
    4,540       3,541  
SandRidge Energy, Inc., 8.625%, 04/01/15, Callable 04/01/11 @ 104.31(b)
    70       63  
SandRidge Energy, Inc., 8.000%, 06/01/18, Callable 06/01/13 @ 104(b)
    5,985       5,147  
Southwestern Energy Co., 7.500%, 02/01/18(b)
    175       170  
Targa Resources Partners LP, 8.250%, 07/01/16, Callable
07/01/12 @ 104.13(b)
    5,035       4,330  
United Refining Co.,
10.500%, 08/15/12, Callable 10/24/08 @ 105.25
    2,025       1,742  
                 
              85,565  
                 
Packaging & Containers (0.6%)
Graphic Packaging International, 9.500%, 08/15/13, Callable 10/24/08 @ 104.75(d)
    1,720       1,557  
Silgan Holdings, Inc.,
6.750%, 11/15/13, Callable 11/15/08 @ 103.38
    3,000       2,730  
                 
              4,287  
                 
Pipelines (4.4%)
Atlas Pipeline Partners LP, 8.750%, 06/15/18, Callable 06/15/13 @ 104.38(b)
    3,335       3,135  
Copano Energy LLC, 8.125%, 03/01/16, Callable 03/01/11 @ 104.06
    2,085       1,908  
Copano Energy LLC,
7.750%, 06/01/18, Callable 06/01/13 @ 103.88(b)
    2,950       2,581  
Dynegy Holdings, Inc.,
7.500%, 06/01/15
    1,530       1,293  
El Paso Corp.,
7.000%, 06/15/17(d)
    3,340       2,984  
El Paso Corp.,
7.250%, 06/01/18
    2,935       2,729  
Kinder Morgan,
5.700%, 01/05/16
    3,500       3,010  
 
See Notes to Financial Statements.

60


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Seix High Yield Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Pipelines—continued
                 
Markwest Energy Partners LP,
Ser B, 8.500%, 07/15/16, Callable 07/15/11 @ 104.25
    3,295       3,114  
MarkWest Energy Partners LP, Ser B, 8.750%, 04/15/18, Callable 04/15/13 @ 104.38
    8,455       8,032  
Tennessee Gas Pipeline, 7.500%, 04/01/17
    2,500       2,435  
Transcontinental Gas Pipe Line Corp., Ser B, 8.875%, 07/15/12
    325       353  
                 
              31,574  
                 
Real Estate (0.7%)
American Real Estate Partners LP, 8.125%, 06/01/12, Callable 10/09/08 @ 104.06
    1,450       1,233  
American Real Estate Partners LP, 7.125%, 02/15/13, Callable 02/15/09 @ 103.56
    4,880       3,733  
                 
              4,966  
                 
REITS (1.0%)
Host Marriott LP,
7.125%, 11/01/13, Callable 11/01/08 @ 103.56
    5,480       4,877  
Omega Healthcare Investors, Inc., 7.000%, 04/01/14, Callable 04/01/09 @ 103.5
    2,268       2,087  
                 
              6,964  
                 
Semiconductors (0.8%)
Amkor Technologies, Inc., 7.750%, 05/15/13, Callable 10/24/08 @ 103.88
    620       530  
Amkor Technologies, Inc., 9.250%, 06/01/16, Callable 06/01/11 @ 104.63
    1,170       983  
Avago Technologies Finance Ltd., 8.311%, 06/01/13, Callable 10/24/08 @ 102(a)
    422       418  
Freescale Semiconductor, 8.875%, 12/15/14, Callable 12/15/10 @ 104.44
    5,675       3,916  
                 
              5,847  
                 
Telecommunication Services (11.6%)
Alltel Communications, 10.375%, 12/01/17, Callable 12/01/12 @ 105.19(b)
    7,295       8,316  
Citizens Communications Co., 9.250%, 05/15/11
    1,210       1,210  
Cricket Communications, 10.000%, 07/15/15, Callable 07/15/12 @ 105.00(b)
    1,500       1,433  
Cricket Communications, Inc., 9.375%, 11/01/14, Callable 11/01/10 @ 104.69
    1,615       1,502  
FairPoint Communications, Inc., 13.125%, 04/01/18, Callable 04/01/13 @ 106.56(b)
    2,255       2,052  
Inmarsat Finance II PLC, 0.000%, 11/15/12, Callable 11/15/08 @ 105.19(e)
    4,980       4,905  
Inmarsat Group Ltd., 7.625%, 06/30/12, Callable 10/24/08 @ 103.81
    2,679       2,572  
Intelsat Jackson Holdings Ltd., 9.500%, 06/15/16, Callable
06/15/11 @ 104.75(b)
    6,000       5,580  
Intelsat Subsidiary Holding Co., Ltd., 8.500%, 01/15/13, Callable 01/15/09 @ 104.25(b)
    5,000       4,625  
Level 3 Financing, Inc., 8.750%, 02/15/17, Callable 02/15/12 @ 104.38
    3,790       2,748  
MetroPCS Wireless, Inc., 9.250%, 11/01/14, Callable 11/01/10 @ 104.63
    2,975       2,782  
Nordic Telephone Co. Holdings, 8.875%, 05/01/16, Callable
05/01/11 @ 104.44(b)
    1,275       1,160  
Nortel Networks Ltd.,
10.750%, 07/15/16, Callable 07/15/11 @ 105.38(b)
    2,400       1,470  
NTL Cable PLC,
8.750%, 04/15/14, Callable 04/15/09 @ 104.375
    2,574       2,162  
Qwest Communications International, Inc.,
6.304%, 02/15/09, Callable 10/24/08 @ 100(a)
    1,139       1,125  
Qwest Communications International, Inc.,
7.250%, 02/15/11, Callable 10/24/08 @ 103.62
    2,000       1,895  
Qwest Corp.,
6.069%, 06/15/13(a)
    1,500       1,275  
Rogers Wireless, Inc.,
9.625%, 05/01/11
    1,118       1,198  
Sprint Capital Corp.,
7.625%, 01/30/11
    5,550       5,051  
 
See Notes to Financial Statements.

61


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Seix High Yield Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Telecommunication Services—continued
                 
Sprint Capital Corp.,
8.375%, 03/15/12
    1,415       1,274  
Sprint Capital Corp.,
6.900%, 05/01/19(d)
    5,025       3,894  
Sprint Capital Corp.,
8.750%, 03/15/32
    5,795       4,520  
Sprint Nextel Corp.,
4.169%, 06/28/10(a)
    3,785       3,283  
Sprint Nextel Corp.,
6.000%, 12/01/16
    1,045       805  
Telcordia Technologies, Inc., 6.541%, 07/15/12, Callable
10/24/08 @ 102(a)(b)
    4,745       3,986  
Valor Telecommunications Enterprise LLC,
7.750%, 02/15/15, Callable 02/15/10 @ 103.88
    2,580       2,458  
Virgin Media Finance PLC, 9.125%, 08/15/16, Callable
08/15/11 @ 104.56
    2,950       2,471  
Wind Acquisition Finance SA, 10.750%, 12/01/15, Callable 12/01/10 @ 105.38
    5,475       5,365  
Windstream Corp.,
8.625%, 08/01/16, Callable
08/01/11 @ 104.31(d)
    762       703  
Windstream Regatta Holdings, 11.000%, 12/01/17, Callable 12/01/12 @ 105.50(b)
    1,650       924  
                 
              82,744  
                 
Transportation (0.5%)
Bristow Group, Inc.,
7.500%, 09/15/17, Callable 09/15/12 @ 103.75
    1,870       1,664  
Expedia, Inc., 8.500%, 07/01/16, Callable 07/01/12 @ 104.25(b)(d)
    2,380       2,142  
                 
              3,806  
                 
Total Corporate Bonds
            640,731  
                 
U.S. Treasury Obligations (0.5%)
U.S. Treasury Notes (0.5%)
3.125%, 10/15/08
    3,750       3,753  
                 
Total U.S. Treasury Obligations
            3,753  
                 
Short-Term Investment (6.0%)
Credit Suisse Enhanced Liquidity Fund(f)
    42,571,835       42,572  
                 
Total Short-Term Investment
            42,572  
                 
Money Market Fund (2.9%)
RidgeWorth Institutional Cash Management Money Market Fund(g)
    20,927,346       20,927  
                 
Total Money Market Fund
            20,927  
                 
Total Investments (Cost $806,343)(h) — 103.4%
            738,835  
                 
Liabilities in excess of other assets — (3.4)%
            (24,487 )
                 
Net Assets — 100.0%
          $ 714,348  
                 
 
(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.
 
(b) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 28.3% of net assets as of September 30, 2008.
 
(c) The Fund’s adviser 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 September 30, 2008 are identified below (in thousands):
 
                                         
Issue
  Acquisition
  Cost
  Par
  Value
  Percentage of
Description   Date   ($)   ($)   ($)   Net Assets(%)
 
East Valley Tourist Development Authority
    08/08/07       11,385       11,500       10,005       1.40  
 
(d) This security or a partial position of the security was on loan as of September 30, 2008. The total value of securities on loan as of September 30, 2008, in thousands, was $41,495.
 
(e) Step bond.
 
(f) This security was purchased with cash collateral held from securities lending.
 
(g) Affiliate investment.
 
(h) Represents cost for financial reporting purposes.
 
MTN
— Medium Term Note
 
PIK
— Payment in-kind
 
As of September 30, 2008, the Fund had the following unfunded loan commitments:
 
                 
        Unrealized
    Unfunded
  Appreciation
Borrower   Commitments($)   Depreciation($)
 
Calpine Corp.
    5,000       (750 )
                 
              (750 )
                 
 
The commitments are available until the maturity date of the respective security.
 
See Notes to Financial Statements.

62


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Short-Term Bond Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Long Positions (119.9%)
Commercial Paper (2.6%)
Banks (1.3%)
ABN AMRO North America Financial, Inc.,
2.561%, 10/09/08(a)
    5,000       4,997  
                 
Diversified Financial Services (1.3%)
Greenwich Capital Holdings, 5.451%, 10/01/08(a)
    5,000       4,999  
                 
Total Commercial Paper
            9,996  
                 
Asset-Backed Securities (1.5%)
Automobiles (1.5%)
Capital Auto Receivables Asset Trust, Ser 2006-1, Cl A3, 5.030%, 10/15/09
    361       361  
Capital One Prime Auto Receivable Trust, Ser 2006-1, Cl A3,
4.990%, 09/15/10
    1,039       1,041  
Honda Auto Receivables Owner Trust, Ser 2005-6, Cl A3, 4.917%, 10/19/09
    226       226  
USAA Auto Owner Trust,
Ser 2006-4, Cl A3,
5.010%, 06/15/11
    4,105       4,109  
                 
Total Asset-Backed Securities
            5,737  
                 
Collateralized Mortgage Obligations (25.5%)
Adjustable Rate Mortgage Trust, Ser 2005-1, Cl 2A22, 4.582%, 05/25/35(b)
    1,640       1,342  
Adjustable Rate Mortgage Trust, Ser 2005-4, Cl 3A1, 4.945%, 08/25/35(b)
    3,732       3,170  
Banc of America Alternative Loan Trust, Ser 2005-4,
Cl CB7, 5.250%, 01/25/21
    4,467       4,055  
Banc of America Commercial Mortgage, Inc., Ser 2004-2, Cl A2, 3.520%, 11/10/38
    1,313       1,302  
Banc of America Commercial Mortgage, Inc., Ser 2004-5, Cl A3, 4.561%, 11/10/41
    2,300       2,184  
Banc of America Mortgage Securities, Ser 2004-1,
Cl 3A1, 5.000%, 02/25/19
    2,711       2,637  
Bear Stearns Alternative-A Trust, Ser 2005-9, Cl 25A1, 5.674%, 11/25/35(b)
    2,330       1,541  
Bear Stearns Alternative-A Trust, Ser 2006-2, Cl 23A1, 5.906%, 03/25/36(b)
    3,271       2,023  
Bear Stearns Commercial Mortgage Securities, Ser 2004-ESA, Cl C,
4.937%, 05/14/16(c)
    3,000       3,008  
Bear Stearns Commercial Mortgage Securities, Ser 2005-T20, Cl A1,
4.940%, 10/12/42
    1,135       1,122  
Citicorp Mortgage Securities, Inc., Ser 2005-5, Cl 2A3, 5.000%, 08/25/20
    5,126       4,936  
CS First Boston Mortgage Securities Corp., Ser 2004-C3, Cl A3, 4.221%, 07/15/36
    4,670       4,601  
CS First Boston Mortgage Securities Corp., Ser 2005-C1, Cl A2, 4.609%, 02/15/38
    4,745       4,644  
Deutsche Alternative-A Securities, Inc. Mortgage Loan Trust, Ser 2005-1, Cl 2A1, 5.646%, 02/25/20(b)
    3,744       3,592  
Deutsche Mortgage Securities, Inc., Ser 2004-5, Cl A2, 4.980%, 07/25/34
    992       989  
First Horizon Alternative Mortgage Securities, Ser 2005-AA3, Cl 2A1,
5.185%, 05/25/35(b)
    2,143       1,306  
First Horizon Alternative Mortgage Securities,
Ser 2005-AA7, Cl 2A1,
5.402%, 09/25/35(b)
    1,994       1,372  
First Horizon Mortgage Pass-Through Trust, Ser 2004-AR4, Cl 2A1,
4.360%, 08/25/34(b)
    2,538       2,354  
Greenwich Capital Commercial Funding Corp.,
Ser 2004-GG1, Cl A3,
4.404%, 06/10/36
    2,776       2,755  
Greenwich Capital Commercial Funding Corp.,
Ser 2005-GG3, Cl A2,
4.305%, 08/10/42
    4,810       4,714  
 
See Notes to Financial Statements.


63


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
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
    2,000       1,959  
GSR Mortgage Loan Trust,
Ser 2007-AR1, Cl 2A1, 5.997%, 03/25/37(b)
    2,695       2,165  
JPMorgan Chase Commercial Mortgage Securities, Ser 2005-LDP1, Cl A2,
4.625%, 03/15/46
    3,680       3,612  
LB-UBS Commercial Mortgage Trust, Ser 2005-C1, Cl A2, 4.310%, 02/15/30
    4,500       4,390  
MASTR Adjustable Rate Mortgages Trust,
Ser 2007-1, Cl 2A1,
5.966%, 11/25/36(b)
    3,808       2,927  
MASTR Alternative Loans Trust, Ser 2004-5, Cl 4A1, 5.500%, 07/25/19(b)
    4,066       3,685  
Morgan Stanley Capital I,
Ser 1998-XL2, Cl A2,
6.170%, 10/03/34
    613       612  
Morgan Stanley Capital I,
Ser 2006-HQ8, Cl A1,
5.195%, 03/12/44
    706       696  
Provident Funding Mortgage Loan Trust, Ser 2004-1, Cl 1A1, 4.038%, 04/25/34
    1,893       1,856  
Residential Accredit Loans, Inc., Ser 2003-QS17, Cl CB3, 5.500%, 09/25/33
    1,680       1,673  
Residential Funding Mortgage Securities I, Ser 2004-S3,
Cl A1, 4.750%, 03/25/19
    3,373       3,180  
SunTrust Adjustable Rate Mortgage Loan Trust,
Ser 2007-S1, Cl 1A,
5.111%, 08/25/22(b)
    2,569       2,315  
Wachovia Bank Commercial Mortgage Trust,
Ser 2005-C16, Cl A2,
4.380%, 10/15/41
    3,948       3,870  
Wells Fargo Mortgage Backed Securities Trust,
Ser 2004-S, Cl A5,
3.552%, 09/25/34(b)
    3,420       3,352  
Wells Fargo Mortgage Backed Securities Trust,
Ser 2006-16, Cl A12,
5.000%, 11/25/36
    3,446       3,398  
Wells Fargo Mortgage Backed Securities Trust, Ser 2006-AR8, Cl 2A4, 5.240%, 04/25/36(b)
    3,247       3,045  
Wells Fargo Mortgage Backed Securities Trust, Ser 2006-AR8, Cl 3A1,
5.238%, 04/25/36(b)
    3,834       3,498  
                 
Total Collateralized Mortgage Obligations
            99,880  
                 
Corporate Bonds (36.1%)
Aerospace/Defense (1.5%)
Boeing Co. (The),
9.750%, 04/01/12
    3,450       3,934  
Raytheon Co.,
4.850%, 01/15/11
    2,000       2,027  
                 
              5,961  
                 
Auto Parts & Equipment (0.3%)
Johnson Controls, Inc., 5.250%, 01/15/11
    1,250       1,264  
                 
Banks (6.4%)
American Express Bank, 3.489%, 04/26/10(b)
    4,300       3,990  
Bank of America Corp., 7.400%, 01/15/11
    4,455       4,364  
Deutsche Bank AG,
4.875%, 05/20/13
    2,325       2,221  
JPMorgan Chase & Co., 6.750%, 02/01/11
    4,555       4,570  
U.S. Banccorp, Ser P,
4.500%, 07/29/10, MTN
    3,515       3,585  
Wachovia Corp.,
6.375%, 02/01/09
    3,000       2,879  
Wells Fargo & Co.,
4.375%, 01/31/13
    3,900       3,585  
                 
              25,194  
                 
Beverages (1.0%)
Diageo Capital PLC,
4.375%, 05/03/10
    3,765       3,789  
                 
Consumer Discretionary (1.0%)
Philip Morris International, Inc., 4.875%, 05/16/13
    3,965       3,908  
                 
                 
 
See Notes to Financial Statements.


64


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Short-Term Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Consumer Staples (1.9%)
Avon Products, Inc.,
7.150%, 11/15/09
    2,195       2,243  
Avon Products, Inc.,
5.125%, 01/15/11
    1,915       1,912  
Kellogg Co., Ser B,
6.600%, 04/01/11
    3,000       3,114  
                 
              7,269  
                 
Diversified Financial Services (13.8%)
Allstate Life Global Funding Trust, 5.375%, 04/30/13, MTN
    1,190       1,149  
American Express Credit Co., Ser C, 5.875%, 05/02/13, MTN
    3,995       3,682  
American Honda Finance Corp., 4.625%, 04/02/13, MTN(c)
    2,000       1,851  
Caterpillar Financial Services Corp., 4.150%, 01/15/10, MTN
    3,565       3,522  
Citigroup, Inc.,
6.500%, 01/18/11
    4,200       4,073  
Citigroup, Inc.,
6.500%, 08/19/13
    905       804  
CME Group, Inc.,
5.400%, 08/01/13
    2,000       2,006  
Credit Suisse (USA), Inc., 5.250%, 03/02/11
    3,395       3,354  
General Electric Capital Corp., Ser A, 5.200%, 02/01/11, MTN
    2,900       2,809  
General Electric Capital Corp., Ser A, 6.000%, 06/15/12, MTN
    2,875       2,775  
Goldman Sachs Group, Inc. (The), 6.875%, 01/15/11
    4,720       4,512  
HSBC Finance Corp.,
8.000%, 07/15/10
    2,690       2,745  
ING USA Global Trust,
4.500%, 10/01/10
    2,500       2,510  
International Lease Finance Corp., 5.750%, 06/15/11
    3,250       2,342  
Lehman Brothers Holdings, Inc., 5.625%, 01/24/13(e)
    1,375       172  
Lehman Brothers Holdings, Inc., Ser G, 4.250%, 01/27/10, MTN(d)(e)
    3,050       381  
Merrill Lynch & Co., Inc., 4.831%, 10/27/08
    2,060       2,055  
Merrill Lynch & Co., Ser C, 5.450%, 02/05/13(d)
    1,920       1,730  
MetLife Global Funding I, 5.125%, 04/10/13(c)
    3,000       2,914  
Morgan Stanley,
4.000%, 01/15/10
    3,900       3,198  
Prudential Financial, Inc., Ser D, 5.150%, 01/15/13, MTN
    4,020       3,802  
Wells Fargo & Co.,
4.200%, 01/15/10
    1,725       1,701  
                 
              54,087  
                 
Health Care (0.7%)
Abbott Laboratories,
5.150%, 11/30/12
    2,545       2,574  
                 
Industrials (2.2%)
Dover Corp., 6.500%, 02/15/11
    3,385       3,570  
Emerson Electric Co.,
7.125%, 08/15/10
    3,675       3,909  
Ingersoll-Rand Global Holding Co. Ltd., 6.000%, 08/15/13
    1,100       1,096  
                 
              8,575  
                 
Media (1.2%)
Comcast Cable Communication, Inc., 6.750%, 01/30/11
    1,925       1,953  
Cox Communications, Inc., 7.750%, 11/01/10
    1,705       1,768  
Time Warner, Inc.,
6.750%, 04/15/11
    1,155       1,152  
                 
              4,873  
                 
Oil & Gas (0.7%)
Enterprise Products Partners LP, Ser B, 4.625%, 10/15/09
    740       724  
XTO Energy, Inc.,
5.000%, 08/01/10
    2,020       2,031  
                 
              2,755  
                 
Pipelines (1.3%)
CenterPoint Energy Resources Corp., 7.750%, 02/15/11
    1,650       1,695  
DCP Midstream LLC,
7.875%, 08/16/10
    1,405       1,439  
ONEOK Partners LP,
7.100%, 03/15/11
    886       905  
Rockies Express Pipeline LLC, 6.250%, 07/15/13(c)
    1,250       1,233  
                 
              5,272  
                 
                 
 
See Notes to Financial Statements.


65


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Short-Term Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
REITS (0.2%)
Simon Property Group LP, 5.300%, 05/30/13
    870       813  
                 
Retail (1.0%)
CVS Caremark Corp.,
4.317%, 09/10/10(b)
    825       823  
Wal-Mart Stores, Inc.,
6.875%, 08/10/09
    3,080       3,163  
                 
              3,986  
                 
Software (1.0%)
Oracle Corp.,
5.000%, 01/15/11
    3,860       3,952  
                 
Telecommunication Services (1.0%)
AT&T, Inc.,
4.950%, 01/15/13
    1,125       1,077  
Rogers Wireless, Inc.,
9.625%, 05/01/11
    1,868       2,002  
SBC Communications, Inc., 4.125%, 09/15/09
    915       908  
                 
              3,987  
                 
Transportation (0.5%)
Union Pacific Corp., 6.650%, 01/15/11
    1,900       1,958  
                 
Utilities (0.4%)
American Electric Power Co., Inc., Ser C, 5.375%, 03/15/10
    1,395       1,404  
                 
Total Corporate Bonds
            141,621  
                 
Municipal Bond (1.1%)
Pennsylvania (1.1%)
Huntingdon County General Authority College, Juniata College Project, Ser A, RB, 8.250%, 05/01/26, LOC:
PNC Bank N.A.(b)
    4,114       4,114  
                 
Total Municipal Bond
            4,114  
                 
U.S. Government Agencies (7.3%)
Fannie Mae (2.7%)
5.080%, 05/14/10,
  Callable 05/14/09 @ 100
    2,275       2,306  
3.375%, 05/19/11(d)
    8,275       8,292  
                 
              10,598  
                 
Federal Home Loan Bank (2.2%)
5.250%, 08/05/09
    8,500       8,646  
                 
Freddie Mac (2.4%)
5.125%, 11/24/10,
Callable 11/24/08 @ 100
    5,375       5,393  
5.400%, 02/02/12,
Callable 02/02/09 @ 100
    3,850       3,878  
                 
              9,271  
                 
Total U.S. Government Agencies
            28,515  
                 
U.S. Government Agency Mortgages (23.7%)
Fannie Mae (18.7%)
6.789%, 07/01/09
    1,148       1,149  
6.850%, 08/01/09
    3,931       3,948  
6.955%, 10/01/10(b)
    2,932       3,023  
7.010%, 11/01/10
    2,973       3,072  
7.010%, 12/01/10(b)
    4,113       4,257  
5.620%, 02/01/12
    3,995       4,063  
4.826%, 01/01/13
    1,147       1,129  
4.628%, 08/01/13
    4,735       4,721  
5.000%, 10/15/18
    20,000       19,857  
4.500%, 01/25/25
    3,199       3,199  
5.000%, 11/25/26
    1,001       1,004  
6.000%, 12/25/30
    2,610       2,670  
5.983%, 09/01/33(b)
    396       403  
5.817%, 10/01/33(b)
    569       578  
6.000%, 10/01/33
    10,000       10,128  
4.333%, 03/01/34(b)
    1,342       1,355  
4.672%, 05/01/35(b)
    4,266       4,303  
5.405%, 11/01/37(b)
    4,183       4,229  
                 
              73,088  
                 
Freddie Mac (3.9%)
3.750%, 12/15/11
    1,014       1,008  
5.591%, 01/25/12(b)
    2,114       2,146  
4.500%, 08/15/19
    79       78  
4.500%, 10/15/28
    2,187       2,186  
4.278%, 03/01/34(b)
    1,342       1,356  
4.825%, 04/01/34(b)
    864       882  
6.209%, 09/01/36(b)
    2,812       2,901  
5.512%, 04/01/37(b)
    4,702       4,781  
                 
              15,338  
                 
Ginnie Mae (1.1%)
6.008%, 02/16/24(b)
    241       244  
3.701%, 06/16/25
    4,238       4,189  
                 
              4,433  
                 
Total U.S. Government Agency Mortgages
            92,859  
                 
 
See Notes to Financial Statements.


66


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Short-Term Bond Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
U.S. Treasury Obligations (8.2%)
U.S. Treasury Notes (8.2%)
2.000%, 02/28/10(d)
    9,340       9,347  
2.375%, 08/31/10(d)
    17,260       17,393  
4.500%, 02/28/11(d)
    4,500       4,760  
4.125%, 08/31/12
    755       796  
                 
Total U.S. Treasury Obligations
            32,296  
                 
Short-Term Investment (10.3%)
Credit Suisse Enhanced Liquidity Fund(e)
    40,316,170       40,316  
                 
Total Short-Term Investment
            40,316  
                 
Money Market Fund (3.6%)
RidgeWorth Institutional Cash Management Money Market Fund(f)
    14,104,404       14,104  
                 
Total Money Market Fund
            14,104  
                 
Total Investments — 119.9%
               
(Total Long Positions) (Cost $485,864)(g)
            469,438  
                 
Liabilities in excess of other assets — (15.8)%
            (61,920 )
Short Positions (see summary below) (4.1)%
            (15,955 )
                 
Net Assets — 100.0%
          $ 391,563  
                 
Short Positions ((4.1)%)
U.S. Government Agencies Sold Short ((4.1)%)
Fannie Mae ((4.1)%)
5.500%, 10/14/38
    (16,000 )     (15,955 )
                 
Total U.S. Government Agencies Sold Short
            (15,955 )
                 
Total Investment Securities Sold Short (Proceeds $16,137)
          $ (15,955 )
                 
 
(a) Rate represents the effective yield at purchase.
 
(b) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.
 
(c) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 2.3% of net assets as of September 30, 2008.
 
(d) This security or a partial position of the security was on loan as of September 30, 2008. The total value of securities on loan as of September 30, 2008, in thousands, was $39,661.
 
(e) Security in default.
 
(f) This security was purchased with cash collateral held from securities lending.
 
(g) Affiliate investment.
 
(h) Represents cost for financial reporting purposes.
 
MTN
— Medium Term Note
 
Open Futures Contracts
 
                                     
                    Unrealized
        Notional
  Expiration
      Appreciation
Description
  Type   Amount($)   Month   Contracts   (Depreciation)($)
U.S. 5YR Note
  Short     (12,234 )     12/08       109       (34 )
U.S. 10YR Note
  Short     (4,241 )     12/08       37       12  
                                     
                                  (22 )
                                     
 
Credit Default Swap Agreements
 
                                     
        Notional
  Fixed
  Expiration
   
Underlying Instrument
  Counterparty   Amount($)   Rate(%)   Date   Value($)
Merrill Lynch & Co., Inc
  Barclays Bank PLC     8,500       0.95       09/20/12       (1,291 )
Merrill Lynch & Co., Inc
  Barclays Bank PLC     (5,000 )     1.06       09/20/17       546  
                                     
                                  (745 )
                                     
 
At September 30, 2008, liquid assets totaling $55,218, in thousands, have been designated as collateral for open swap agreements.
 
See Notes to Financial Statements.


67


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Short-Term U.S. Treasury Securities Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
U.S. Treasury Obligations (99.1%)
U.S. Treasury Notes (99.1%)
4.500%, 02/15/09
    3,000       3,035  
4.875%, 08/15/09
    14,000       14,358  
3.250%, 12/31/09(a)
    11,700       11,894  
2.000%, 02/28/10
    9,500       9,507  
2.375%, 08/31/10(a)
    17,480       17,614  
4.500%, 11/15/10
    5,500       5,791  
4.500%, 02/28/11(a)
    7,000       7,405  
4.625%, 02/29/12(a)
    5,500       5,870  
                 
Total U.S. Treasury Obligations
            75,474  
                 
Short-Term Investment (41.2%)
Credit Suisse Enhanced Liquidity Fund(b)
    31,382,000       31,382  
                 
Total Short-Term Investment
            31,382  
                 
Money Market Fund (4.4%)
Federated U.S. Treasury Cash Reserves Fund
    3,336,874       3,337  
                 
Total Money Market Fund
            3,337  
                 
Total Investments
(Cost $108,972)(c) — 144.7%
            110,193  
Liabilities in excess of other assets — (44.7)%
            (34,038 )
                 
Net Assets — 100.0%
          $ 76,155  
                 
 
 
(a) This security or a partial position of the security was on loan as of September 30, 2008. The total value of securities on loan as of September 30, 2008, in thousands, was $30,794.
 
(b) This security was purchased with cash collateral held from securities lending.
 
(c) Represents cost for financial reporting purposes.
 
See Notes to Financial Statements.


68


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Strategic Income Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Bank Loans (3.8%)
               
Advertising (0.2%)
Tribune Co.,
5.541%, 05/17/09(a)(b)
    156       144  
                 
Diversified Financial Services (1.9%)
Clarke American Corp.,
6.031%, 04/01/14(a)(b)
    632       484  
East Valley Tourist Development Authority,
10.311%, 08/06/14(b)(c)
    1,100       957  
                 
              1,441  
                 
Telecommunication Services (1.7%)
Asurion Corp.,
5.735%, 07/03/14(a)(b)
    510       444  
Wind Acquisition Holdings,
10.035%, 12/07/11(a)(b)
    901       793  
                 
              1,237  
                 
Total Bank Loans
            2,822  
                 
Corporate Bonds (26.7%)
Advertising (0.7%)
TL Acquisitions, Inc.,
10.500%, 01/15/15, Callable 07/15/11 @ 105.25(a)
    700       553  
                 
Aerospace/Defense (0.2%)
BE Aerospace, Inc., 8.500%, 07/01/18, Callable 07/01/13 @ 104.25
    160       155  
                 
Auto Parts & Equipment (0.7%)
Tenneco, Inc., 8.625%, 11/15/14, Callable 11/15/09 @ 104.31
    600       477  
Tenneco, Inc., 8.125%, 11/15/15, Callable 11/15/11 @ 104.06
    90       77  
                 
              554  
                 
Building (0.9%)
K Hovnanian Enterprises, Inc., 11.500%, 05/01/13, Callable 11/01/10 @ 102.00(a)
    215       211  
Nortek, Inc., 10.000%, 12/01/13, Callable 06/01/11 @ 105.00(a)
    375       330  
Texas Industries, Inc., 7.250%, 07/15/13, Callable 07/15/09 @ 103.63(a)
    125       109  
U.S. Concrete, Inc., 8.375%, 04/01/14, Callable 04/01/09 @ 104.19
    50       39  
                 
              689  
                 
Chemicals (1.1%)
Axcan Intermediate Holdings, Inc., 12.750%, 03/01/16, Callable 03/01/12 @ 106.38(a)
    805       797  
                 
Commercial Services (1.0%)
Atlantic Broadband, Inc., 9.375%, 01/15/14, Callable 01/15/09 @ 104.69
    625       553  
Seitel Acquisition Corp., 9.750%, 02/15/14, Callable 02/15/11 @104.88
    230       188  
                 
              741  
                 
Diversified Financial Services (2.0%)
Ford Motor Credit Co., 7.250%, 10/25/11
    165       105  
Ford Motor Credit Corp., 8.000%, 12/15/16
    810       512  
Hexion US Finance Corp., 7.304%, 11/15/14, Callable 11/15/08 @ 102(b)
    75       54  
Hexion US Finance Corp., 9.750%, 11/15/14, Callable 11/15/10 @ 104.88
    650       514  
NSG Holdings LLC, 7.750%, 12/15/25(a)
    175       166  
SunGard Data Systems, Inc., 9.125%, 08/15/13, Callable 08/15/09 @ 104.56
    160       144  
                 
              1,495  
                 
Diversified Minerals (0.8%)
CII Carbon LLC, 11.125%, 11/15/15, Callable 11/15/11 @ 105.56(a)
    225       219  
FMG Finance Property Ltd., 10.625%, 09/01/16(a)
    380       373  
                 
              592  
                 
Electric (1.2%)
Aquila, Inc., 11.875%, 07/01/12(b)
    205       227  
Energy Future Holdings, 10.875%, 11/01/17, Callable 11/01/12 @ 105.44(a)
    270       243  
 
See Notes to Financial Statements.


69


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Strategic Income Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Electric—continued
                 
IPALCO Enterprises, Inc., 7.250%, 04/01/16(a)
    90       86  
Texas Competitive Electric Holdings LLC, 10.250%, 11/01/15, Callable 11/01/11 @ 105.13(a)
    400       361  
                 
              917  
                 
Forest Products & Paper (0.1%)
Rock-Tenn Co., 9.250%, 03/15/16, Callable 03/15/12 @ 104.63(a)
    90       91  
                 
Health Care (3.6%)
Bausch & Lomb, Inc., 9.875%, 11/01/15, Callable 11/01/11 @ 104.94(a)
    85       81  
Biomet, Inc., 10.000%, 10/15/17, Callable 10/15/12 @ 105.00
    120       122  
Catalent Pharma Solutions, 9.500%, 04/15/15, Callable 04/15/11 @ 104.75
    90       70  
Community Health Systems, Inc., 8.875%, 07/15/15, Callable 07/15/11 @ 104.44
    380       361  
HCA, Inc., 9.250%, 11/15/16, Callable 11/15/11 @ 104.63
    640       622  
Health Management Associates, Inc., 6.125%, 04/15/16
    205       164  
Tenet Healthcare Corp., 7.375%, 02/01/13
    500       455  
U.S. Oncology, Inc., 9.000%, 08/15/12, Callable 11/10/08 @ 104.50
    80       80  
Universal Hospital Services, Inc., 6.303%, 06/01/15, Callable 06/01/09 @ 102(b)
    720       634  
Universal Hospital Services, Inc. (PIK), 8.500%, 06/01/15, Callable 06/01/11 @ 104.25
    125       117  
                 
              2,706  
                 
Household Products/Wares (0.5%)
Libbey Glass, Inc., 9.928%, 06/01/11, Callable 11/06/08 @ 107.50(b)
    365       336  
                 
Insurance (0.3%)
Crum & Forster Holdings Corp., 7.750%, 05/01/17, Callable 05/01/12 @ 103.88
    210       183  
                 
Machinery Diversified (0.9%)
Chart Industries, Inc., 9.125%, 10/15/15, Callable 10/15/10 @ 104.56
    625       641  
                 
Materials (0.2%)
Novelis, Inc., 7.250%, 02/15/15, Callable 02/15/10 @ 103.63
    135       117  
                 
Media (2.8%)
Charter Communications LLC, 8.375%, 04/30/14, Callable 04/30/09 @ 104.19(a)
    205       181  
Kabel Deutschland GmbH, 10.625%, 07/01/14, Callable 07/01/09 @ 105.31
    725       710  
Mediacom Broadband LLC, 8.500%, 10/15/15, Callable 10/15/10 @ 104.25
    495       408  
Quebecor Media, Inc., 7.750%, 03/15/16, Callable 03/15/11 @ 103.88
    175       153  
Quebecor Media, Inc., 7.750%, 03/15/16, Callable 03/15/11 @ 103.88
    100       88  
Videotron, 9.125%, 04/15/18, Callable 04/15/13 @ 104.56(a)
    110       111  
XM Satellite Radio Holdings, Inc., 13.000%, 08/01/13(a)
    750       443  
                 
              2,094  
                 
Miscellaneous Manufacturer (0.3%)
Koppers, Inc., 9.875%, 10/15/13, Callable 10/15/08 @ 104.94
    181       186  
                 
Oil & Gas (3.7%)
Atlas Energy Resources LLC, 10.750%, 02/01/18, Callable 02/01/13 @ 105.38(a)
    65       59  
Cie Generale De Geophysique, 7.500%, 05/15/15, Callable 05/15/10 @ 103.75
    50       48  
Cie Generale De Geophysique, 7.750%, 05/15/17, Callable 05/15/12 @ 103.88
    75       71  
 
See Notes to Financial Statements.


70


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Strategic Income Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Oil & Gas—continued
                 
Connacher Oil & Gas, 10.250%, 12/15/15, Callable 12/15/11 @ 105.13(a)
    645       619  
Linn Energy LLC,
9.875%, 07/01/18, Callable 07/01/13 @ 104.94(a)
    150       130  
Mariner Energy, Inc.,
8.000%, 05/15/17, Callable 05/15/12 @ 104
    115       97  
Newfield Exploration Co.,
7.125%, 05/15/18, Callable 05/15/13 @ 103.56
    95       83  
OPTI Canada, Inc.,
7.875%, 12/15/14, Callable 12/15/10 @ 104.13
    530       469  
Petrohawk Energy Corp.,
7.875%, 06/01/15, Callable 06/01/12 @ 103.94(a)
    230       200  
Sabine Pass LNG LP,
7.500%, 11/30/16
    910       710  
United Refining Co.,
10.500%, 08/15/12, Callable 10/24/08 @ 105.25
    335       288  
                 
              2,774  
                 
Pipelines (1.1%)
Copano Energy LLC,
8.125%, 03/01/16, Callable 03/01/11 @ 104.06
    125       114  
Targa Resources, Inc.,
8.500%, 11/01/13, Callable 11/01/09 @ 104.25
    820       726  
                 
              840  
                 
Semiconductors (0.2%)
Freescale Semiconductor,
8.875%, 12/15/14, Callable 12/15/10 @ 104.44
    205       141  
                 
Telecommunication Services (3.9%)
Alltel Communications,
10.375%, 12/01/17, Callable 12/01/12 @ 105.19(a)
    445       507  
Cricket Communications, Inc.,
9.375%, 11/01/14, Callable 11/01/10 @ 104.69
    25       23  
FairPoint Communications, Inc.,
13.125%, 04/01/18, Callable 04/01/13 @ 106.56(a)
    145       132  
Intelsat Jackson Holdings Ltd.,
9.500%, 06/15/16, Callable 06/15/11 @ 104.75(a)
    25       23  
Intelsat Subsidiary Holding Co., Ltd., 8.500%, 01/15/13, Callable 01/15/09 @ 104.25(a)
    800       740  
Level 3 Financing, Inc.,
8.750%, 02/15/17, Callable 02/15/12 @ 104.38
    135       98  
MetroPCS Wireless, Inc.,
9.250%, 11/01/14, Callable 11/01/10 @ 104.63
    85       80  
Nortel Networks Ltd.,
10.750%, 07/15/16, Callable 07/15/11 @ 105.38(a)
    70       43  
Sprint Capital Corp.,
7.625%, 01/30/11
    215       196  
Sprint Capital Corp.,
8.375%, 03/15/12
    60       54  
Sprint Capital Corp.,
6.900%, 05/01/19
    160       124  
Sprint Capital Corp.,
8.750%, 03/15/32
    135       105  
Sprint Nextel Corp.,
6.000%, 12/01/16
    35       27  
Telcordia Technologies, Inc.,
6.541%, 07/15/12, Callable 10/24/08 @ 102(a)(b)
    760       638  
Wind Acquisition Finance SA,
10.750%, 12/01/15, Callable 12/01/10 @ 105.38(a)
    75       74  
Windstream Regatta Holdings,
11.000%, 12/01/17, Callable 12/01/12 @ 105.50(a)
    120       67  
                 
              2,931  
                 
Transportation (0.5%)
Bristow Group, Inc.,
7.500%, 09/15/17, Callable 09/15/12 @ 103.75
    335       298  
Expedia, Inc.,
8.500%, 07/01/16, Callable 07/01/12 @ 104.25(a)
    100       90  
                 
              388  
                 
Total Corporate Bonds
            19,921  
                 
 
See Notes to Financial Statements.


71


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Strategic Income Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Foreign Government Bonds (23.4%)
Germany (23.4%)
Bundesobligation,
3.500%, 04/12/13
    3,045       4,234  
Bundesrepublik Deutschland,
4.250%, 07/04/18
    2,685       3,847  
Bundesrepublik Deutschland, 4.000%, 01/04/37
    1,700       2,165  
Bundesschatzanweisungen, 4.000%, 09/10/10
    5,110       7,262  
                 
Total Foreign Government Bonds
            17,508  
                 
U.S. Treasury Obligations (43.0%)
U.S. Treasury Bond (2.4%) 4.750%, 02/15/37
    1,650       1,765  
                 
U.S. Treasury Notes (40.6%)
4.500%, 05/15/10(d)
    5,490       5,717  
2.500%, 03/31/13(d)
    13,625       13,408  
4.250%, 08/15/15
    2,694       2,848  
3.500%, 02/15/18
    8,558       8,392  
                 
              30,365  
                 
Total U.S. Treasury Obligations
            32,130  
                 
Short-Term Investments (28.1%)
Brown Brothers Harriman & Co., Cayman Islands Cash Sweep
    1,977,936       1,978  
Credit Suisse Enhanced Liquidity Fund (e)
    18,996,754       18,997  
                 
Total Short-Term Investments
            20,975  
                 
Total Investments
(Cost $95,601) (f) — 125.0%
            93,356  
Liabilities in excess of other assets — (25.0)%
            (18,646 )
                 
Net Assets — 100.0%
          $ 74,710  
                 
 
 
(a) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 12.6% of net assets as of September 30, 2008.
 
(b) Variable or Floating Rate Security. Rate Disclosed is as of September 30, 2008.
 
(c) The Fund’s adviser 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 September 30, 2008 are identified below (in thousands):
 
                                         
Issue
  Acquisition
  Cost
  Par
  Value
  Percentage of
Description   Date   ($)   ($)   ($)   Net Assets(%)
East Valley Tourist Development Authority
    08/08/07       1,089       1,100       957       1.28  
 
(d) This security or a partial position of the security was on loan as of September 30, 2008. The total value of securities on loan as of September 30, 2008, in thousands, was $18,784.
 
(e) This security was purchased with cash collateral held from securities lending.
 
(f) Represents cost for financial reporting purposes.
 
PIK
— Payment in-kind
 
Credit Default Swap Agreements
 
                                     
        Notional
  Fixed
  Expiration
   
Underlying Instrument
  Counterparty   Amount($)   Rate(%)   Date   Value($)
 
Abitibi Consolidated, Inc.
  JPMorgan     500       4.50       06/20/09       (65 )
Republic of Brazil
  Barclays Bank PLC     1,055       1.67       10/20/13       (3 )
Turkey
  Barclays Bank PLC     (265 )     2.88       10/20/13       (1 )
                                     
                                  (69 )
                                     
 
See Notes to Financial Statements.


72


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Strategic Income Fund — continued
 
Interest Rate Swaps
 
                                             
        Notional
  (Pay)/Receive
  Fixed
  Expiration
   
Underlying Instrument
  Counterparty   Amount($)   Floating Rate   Rate(%)   Date   Value($)
 
Fixed 1-Year FWD
  UBS AG     1,121       Receive       6.71       8/12/10       5  
Fixed 10-Year Israel
  Citibank N.A.     156       Receive       5.78       8/20/18       (1 )
Fixed 10-Year Norway
  UBS AG     137       Receive       5.66       8/15/18       3  
Fixed 130X1 TIIE
  Barclays Bank PLC     326       Receive       9.06       9/10/18       4  
Fixed 2-Year New Zealand Bill
  UBS AG     584       Receive       7.24       8/13/10       3  
Fixed 2-Year New Zealand Bill
  UBS AG     580       Receive       7.27       9/4/10       4  
Fixed 2-Year PLN
  Barclays Bank PLC     591       Receive       6.04       10/1/10        
Fixed 2-Year Sweden
  UBS AG     567       Receive       5.09       9/2/10       4  
Fixed 2-Year Sweden
  Barclays Bank PLC     581       Receive       5.07       9/5/10       4  
Fixed 2-Year Sweden
  Barclays Bank PLC     3,861       Receive       5.07       9/8/10       25  
Fixed 2-Year Sweden
  UBS AG     5,716       Receive       4.96       9/15/10       23  
Fixed 2-Year UK
  Barclays Bank PLC     828       Receive       5.16       9/15/10       (1 )
Fixed 26X1 TIIE
  Citibank N.A.     5,244       Receive       8.92       8/13/10       41  
Fixed 5 Year CLP
  Citibank N.A.     258       Receive       7.85       9/9/13       7  
Fixed 5-Year CLP
  Citibank N.A.     256       Receive       7.74       8/19/13       5  
Fixed 5-Year Euro
  Barclays Bank PLC     250       Receive       4.58       8/28/13       (1 )
Fixed DI 1/2/12
  Citibank N.A.     369       Receive       14.17       1/2/12        
                                             
                                          125  
                                             
 
At September 30, 2008, liquid assets totaling $1,287 in thousands, have been designated as collateral for open swap agreements.
 
See Notes to Financial Statements.


73


 

At September 30, 2008 the Fund’s foreign currency contracts were as follows:
 
                                         
        Amount in
  Contract
      Unrealized
    Delivery
  Local
  Value in
  Market
  Appreciation
Currency
  Date   Currency   USD($)   Value($)   (Depreciation)($)
 
Short:
                                       
Australian Dollar
    10/08/08       249       225       197       28  
Brazilian Real
    10/08/08       216       132       114       18  
Brazilian Real
    12/15/08       168       90       87       3  
Brazilian Real
    12/23/08       421       226       218       8  
Brazilian Real
    12/26/08       423       225       219       6  
British Pound
    10/22/08       68       135       121       14  
British Pound
    10/27/08       68       135       121       14  
British Pound
    11/04/08       46       90       81       9  
Chilean Peso
    10/08/08       46,755       91       85       6  
Chilean Peso
    12/02/08       16,854       223       211       12  
Colombian Peso
    11/20/08       171,900       90       78       12  
Colombian Peso
    12/10/08       185,850       90       84       6  
Colombian Peso
    12/10/08       94,275       45       43       2  
Czech Republic Koruna
    12/12/08       1,587       90       91       (1 )
Euro
    11/04/08       87       135       123       12  
Euro
    12/09/08       64       90       90        
Euro
    12/24/08       12,576       17,655       17,747       (92 )
Euro
    03/19/09       153       225       216       9  
Indian Rupee
    10/08/08       5,701       134       121       13  
Japanese Yen
    11/04/08       14,525       135       137       (2 )
Malaysian Ringgit
    10/06/08       354       110       103       7  
Malaysian Ringgit
    10/20/08       354       109       103       6  
Malaysian Ringgit
    10/20/08       732       222       213       9  
Mexican Nuevo Peso
    10/27/08       1,377       137       125       12  
Norwegian Krone
    10/15/08       1,215       223       206       17  
Norwegian Krone
    11/28/08       2,441       438       414       24  
Phillipine Peso
    11/06/08       5,958       134       127       7  
Polish Zloty
    12/12/08       220       90       91       (1 )
Singapore Dollar
    10/21/08       151       111       105       6  
Singapore Dollar
    10/21/08       151       110       105       5  
Swedish Krona
    11/28/08       1,449       225       210       15  
Swedish Krona
    12/11/08       610       90       88       2  
Turkish Lira
    11/07/08       163       133       127       6  
Turkish Lira
    11/12/08       61       45       48       (3 )
Turkish Lira
    11/12/08       60       45       47       (2 )
Turkish Lira
    11/12/08       60       45       47       (2 )
Turkish Lira
    11/12/08       119       90       92       (2 )
Turkish Lira
    11/12/08       119       90       91       (1 )
Turkish Lira
    12/12/08       59       45       45        
Turkish Lira
    12/12/08       115       90       88       2  
Turkish Lira
    12/19/08       59       45       46       (1 )
Turkish Lira
    12/26/08       1,080       825       827       (2 )
                                         
Total Short Contracts
                  $ 23,713     $ 23,532     $ 181  
                                         
Long:
                                       
Australian Dollar
    10/08/08       249       225       198       (27 )
Brazilian Real
    10/08/08       216       135       113       (22 )
Brazilian Real
    12/15/08       168       92       87       (5 )
Brazilian Real
    12/23/08       421       225       218       (7 )
Brazilian Real
    12/26/08       423       225       219       (6 )
British Pound
    10/22/08       68       135       121       (14 )
British Pound
    10/27/08       68       134       121       (13 )
British Pound
    11/04/08       46       88       81       (7 )
Chilean Peso
    10/08/08       46,755       90       85       (5 )
Chilean Peso
    12/02/08       116,854       225       211       (14 )
Colombian Peso
    11/20/08       171,900       85       78       (7 )
Colombian Peso
    12/10/08       280,125       135       127       (8 )
Czech Republic Koruna
    12/12/08       1,587       92       91       (1 )
Euro
    11/04/08       87       134       123       (11 )
Euro
    12/09/08       64       89       89        
Euro
    12/24/08       153       225       216       (9 )
Indian Rupee
    10/08/08       5,701       135       121       (14 )
Japanese Yen
    11/04/08       14,525       135       137       2  
Malaysian Ringgit
    10/06/08       707       225       206       (19 )
Malaysian Ringgit
    10/20/08       732       225       213       (12 )
Mexican Nuevo Peso
    10/27/08       1,377       135       125       (10 )
Norwegian Krone
    10/15/08       1,215       225       207       (18 )
Norwegian Krone
    11/28/08       1,220       225       207       (18 )
Norwegian Krone
    11/28/08       1,221       225       207       (18 )
Phillipine Peso
    11/06/08       5,958       135       127       (8 )
Polish Zloty
    12/12/08       220       92       91       (1 )
Singapore Dollar
    10/21/08       302       225       210       (15 )
Swedish Krona
    11/28/08       1,449       220       209       (11 )
Swedish Krona
    12/11/08       610       90       88       (2 )
Turkish Lira
    11/07/08       163       135       127       (8 )
Turkish Lira
    11/12/08       121       92       95       3  
Turkish Lira
    11/12/08       179       134       139       5  
Turkish Lira
    12/12/08       115       90       89       (1 )
Turkish Lira
    12/19/08       237       183       182       (1 )
Turkish Lira
    12/26/08       1,080       830       827       (3 )
                                         
Total Long Contract
                  $ 6,090     $ 5,785     $ (305 )
                                         
 
See Notes to Financial Statements.


74


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Total Return Bond Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Asset-Backed Securities (3.3%)
Automobiles (1.6%)
Capital One Prime
Auto Receivables Trust,
Ser 2006-2, Cl A4,
5.022%, 07/15/12
    1,812       1,784  
Honda Auto Receivables Owner Trust,
Ser 2006-3, Cl A4,
5.014%, 04/15/12
    1,985       1,970  
Hyundai Auto Receivables Trust, Ser 2007-A, Cl A4,
5.210%, 03/17/14
    909       876  
Nissan Auto Receivables Owner Trust,
Ser 2008-A, Cl A4,
4.280%, 06/16/14
    2,687       2,523  
USAA Auto Owner Trust,
Ser 2008-1, Cl A3,
4.160%, 04/16/12
    2,213       2,181  
                 
              9,334  
                 
Home Equity ABS (0.2%)
Chase Funding Mortgage Loan Asset-Backed,
Ser 2002-2, Cl 1A6,
5.214%, 08/25/13
    197       182  
Citifinancial Mortgage Securities, Inc.,
Ser 2003-1, Cl AF5,
4.282%, 01/25/33(a)
    1,112       955  
Soundview Home Equity Loan Trust, Ser 2001-1, Cl A,
6.765%, 04/15/31(a)
    3       3  
                 
              1,140  
                 
Utility ABS (1.5%)
CNH Equipment Trust,
Ser 2007-C, Cl A3A,
5.210%, 12/15/11
    2,809       2,805  
CNH Equipment Trust,
Ser 2008-A, Cl A4A,
5.012%, 08/15/14
    1,351       1,268  
PSE&G Transition Funding LLC, Ser 2001-1, Cl A8,
6.890%, 12/15/17
    3,337       3,384  
TXU Electric Delivery Transition Bond Co.,
Ser 2004-1, Cl A3,
5.290%, 05/15/18
    1,007       973  
                 
              8,430  
                 
Total Asset-Backed Securities
            18,904  
                 
Collateralized Mortgage Obligations (12.0%)
Asset Securitization Corp.,
Ser 1996-MD6, Cl A7,
8.631%, 11/13/29(a)
    1,748       1,890  
Banc of America Commercial Mortgage, Inc.,
Ser 2005-6, Cl A4,
5.352%, 09/10/47(a)
    3,500       3,177  
Banc of America Mortgage Securities,
Ser 2003-5, Cl 2A1,
5.000%, 07/25/18
    1,657       1,595  
Bear Stearns Commercial Mortgage Securities, Inc.,
Ser 2001-TOP2, Cl A2,
6.480%, 02/15/35
    4,516       4,527  
Chase Commercial Mortgage Securities Corp.,
Ser 2000-3, Cl A2,
7.319%, 10/15/32
    1,447       1,471  
Citigroup/Deutsche Bank Commercial Mortgage Trust,
Ser 2005-CD1, Cl A4,
5.400%, 07/15/44(a)
    1,910       1,752  
Commercial Mortgage Pass-Through Certificates,
Ser 2005-C6, Cl A5A,
5.116%, 06/10/44(a)
    1,911       1,728  
Countrywide Home Loans,
Ser 2004-J1, Cl 1A1,
4.500%, 01/25/19
    1,325       1,251  
CS First Boston Mortgage Securities Corp.,
Ser 2001-CF2, Cl A4,
6.613%, 02/15/34
    1,235       1,240  
Fannie Mae,
Ser 2007-77, Cl TD,
5.500%, 01/25/36
    338       326  
Fannie Mae,
Ser 2007-79, Cl TD,
5.000%, 01/25/34
    1,865       1,768  
 
See Notes to Financial Statements.


75


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Total Return Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Collateralized Mortgage Obligations—continued
                 
Freddie Mac,
Ser 3347, Cl AK,
5.000%, 07/15/37
    4,510       4,485  
Freddie Mac,
Ser 3349, Cl HE,
5.500%, 07/15/36
    3,500       3,418  
GE Capital Commercial Mortgage Corp.,
Ser 2000-1, Cl A2,
6.496%, 01/15/33
    2,950       2,962  
GE Capital Commercial Mortgage Corp.,
Ser 2003-C1, Cl A4,
4.899%, 01/10/38
    930       870  
Ginnie Mae,
Ser 2007-27, Cl NV,
5.500%, 04/20/36
    2,130       2,074  
Ginnie Mae,
Ser 2007-41, Cl PB,
5.500%, 09/20/36
    2,337       2,272  
GMAC Commercial Mortgage Securities, Inc.,
Ser 2001-C1, Cl A2,
6.465%, 04/15/34
    1,656       1,660  
JPMorgan Chase Commercial Mortgage Securities Corp.,
Ser 2005-LDP4, Cl A4,
4.918%, 10/15/42(a)
    1,207       1,073  
JPMorgan Chase Commercial Mortgage Securities Corp.,
Ser 2005-LDP5, Cl A4,
5.345%, 12/15/44(a)
    3,368       3,050  
JPMorgan Chase Commercial Mortgage Finance Co.,
Ser 2000-C10, Cl A2,
7.371%, 08/15/32
    2,916       2,948  
LB-UBS Commercial Mortgage Trust, Ser 2000-C5, Cl A2,
6.619%, 12/15/26
    1,896       1,908  
LB-UBS Commercial Mortgage Trust, Ser 2005-C7, Cl A4,
5.197%, 11/15/30(a)
    2,558       2,331  
Morgan Stanley Dean Witter Capital I, Ser 2000-1345, Cl A2, 7.460%, 09/03/15(a)(b)
    2,031       2,154  
Morgan Stanley Dean Witter Capital I, Ser 2001-TOP1, Cl A4, 6.660%, 02/15/33
    2,825       2,844  
Residential Accredit Loans, Inc., Ser 2002-QS18, Cl A1,
5.500%, 12/25/17
    5,589       5,409  
Specialty Underwriting & Residential Finance,
Ser 2004-AA1, Cl 1A1,
5.000%, 10/25/34
    507       492  
Wachovia Bank Commercial Mortgage Trust,
Ser 2005-C21, Cl A4,
5.384%, 10/15/44(a)
    4,392       4,005  
Washington Mutual Mortgage Pass-Through Certificates,
Ser 2003-S5, Cl 2A,
5.083%, 06/25/18
    1,362       1,312  
Washington Mutual Mortgage Pass-Through Certificates,
Ser 2003-S7, Cl A1,
4.500%, 08/25/18
    2,287       2,159  
                 
Total Collateralized Mortgage Obligations
            68,151  
                 
Corporate Bonds (23.1%)
Aerospace/Defense (0.6%)
Boeing Co. (The),
5.125%, 02/15/13
    1,208       1,206  
Lockheed Martin Corp.,
4.121%, 03/14/13
    943       912  
United Technologies Corp.,
4.875%, 05/01/15
    1,417       1,396  
                 
              3,514  
                 
Auto Manufacturers (0.2%)
DaimlerChrysler NA Holding Corp., 8.500%, 01/18/31(c)
    1,082       1,087  
                 
Banks (1.4%)
Bank of America Corp.,
7.400%, 01/15/11
    3,072       3,009  
Bank of America Corp.,
5.375%, 09/11/12
    1,230       1,145  
Bank of New York Mellon,
Ser G, 4.950%, 11/01/12
    1,479       1,406  
Bank of New York Mellon,
Ser G, MTN,
4.500%, 04/01/13
    660       618  
Wells Fargo & Co.,
4.375%, 01/31/13
    2,145       1,972  
                 
              8,150  
                 
                 
 
See Notes to Financial Statements.


76


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Total Return Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Beverages (1.3%)
Coca-Cola Co.,
5.350%, 11/15/17
    1,881       1,859  
Diageo Capital PLC, 5.200%, 01/30/13
    760       756  
PepsiCo, Inc., 5.000%, 06/01/18
    3,012       2,908  
SABMiller PLC, 6.200%, 07/01/11(b)
    1,761       1,806  
                 
              7,329  
                 
Building Materials (0.2%)
Lafarge SA, 6.150%, 07/15/11
    865       849  
Martin Marietta Materials, Inc., 6.250%, 05/01/37
    758       567  
                 
              1,416  
                 
Chemicals (0.4%)
E.I. du Pont de Nemours & Co., 5.000%, 07/15/13
    1,212       1,194  
Potash Corp. of Saskatchewan, Inc.,
5.875%, 12/01/36
    1,233       999  
                 
              2,193  
                 
Commercial Services (1.1%)
ERAC USA Finance Co.,
5.800%, 10/15/12(b)
    1,281       1,164  
ERAC USA Finance Co.,
5.600%, 05/01/15(b)
    1,017       839  
International Paper Co.,
7.950%, 06/15/18
    981       964  
Veolia Environnement,
6.000%, 06/01/18
    1,378       1,322  
Xerox Corp.,
5.500%, 05/15/12
    775       739  
Xerox Corp.,
6.350%, 05/15/18
    1,150       1,051  
                 
              6,079  
                 
Computers (0.3%)
Hewlett-Packard Co.,
4.500%, 03/01/13
    654       629  
IBM Corp.,
5.700%, 09/14/17
    787       762  
IBM Corp.,
5.875%, 11/29/32
    298       276  
                 
              1,667  
                 
Consumer Staples (0.4%)
Kellogg Co.,
4.250%, 03/06/13
    986       951  
Kraft Foods, Inc.,
6.125%, 08/23/18
    1,190       1,111  
                 
              2,062  
                 
Diversified Financial Services (3.5%)
ABX Financing Co.,
6.350%, 10/15/36(b)
    875       723  
AEP Texas Central Transition Funding, Ser A-3,
5.090%, 07/01/17
    1,710       1,613  
American Express Co.,
6.150%, 08/28/17
    1,136       967  
CME Group, Inc.,
5.400%, 08/01/13
    1,272       1,276  
Credit Suisse (USA), Inc.,
6.125%, 11/15/11
    982       966  
Credit Suisse (USA), Inc.,
6.500%, 01/15/12
    633       625  
Fund American Cos., Inc.,
5.875%, 05/15/13
    2,090       1,550  
General Electric Capital Corp.,
Ser A, 5.450%, 01/15/13
    1,097       1,025  
HSBC Holdings PLC,
7.625%, 05/17/32
    615       545  
International Lease Finance Corp., Ser Q,
5.250%, 01/10/13
    691       445  
International Lease Finance Corp., Ser R,
5.625%, 09/15/10
    1,221       821  
International Lease Finance Corp., Ser R,
5.625%, 09/20/13
    379       246  
Janus Capital Group, Inc.,
5.875%, 09/15/11
    692       649  
Lazard Group LLC,
7.125%, 05/15/15
    2,084       1,809  
Merrill Lynch & Co., Inc., MTN,
6.150%, 04/25/13
    1,206       1,114  
Merrill Lynch & Co., Inc.,
Ser C, MTN,
6.050%, 08/15/12
    862       808  
Northern Trust Co.,
5.200%, 11/09/12
    1,722       1,706  
NYSE Euronext,
4.800%, 06/28/13
    1,537       1,463  
TIAA Global Markets,
5.125%, 10/10/12(b)
    1,572       1,601  
                 
              19,952  
                 
                 
 
See Notes to Financial Statements.


77


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Total Return Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Electric (2.4%)
CenterPoint Energy, Inc.,
Ser A-4,
5.170%, 08/01/19
    3,000       2,925  
E.ON International Finance B.V., 5.800%, 04/30/18(b)
    2,962       2,831  
Enel Finance International,
6.800%, 09/15/37(b)
    1,313       1,289  
Exelon Generation Co. LLC,
6.200%, 10/01/17
    1,308       1,149  
MidAmerican Energy Holdings Co., 6.125%, 04/01/36
    1,158       974  
Nevada Power Co.,
Ser L, 5.875%, 01/15/15
    388       366  
Nevada Power Co.,
Ser R, 6.750%, 07/01/37
    875       784  
Oncor Electric Delivery Co.,
7.000%, 05/01/32
    812       648  
Pacific Gas & Electric Co.,
6.050%, 03/01/34
    1,336       1,179  
Public Service Colorado,
Ser 17, 6.250%, 09/01/37
    735       676  
Wisconsin Power & Light Co.,
6.375%, 08/15/37
    752       699  
                 
              13,520  
                 
Insurance (0.3%)
Berkshire Hathaway, Inc.,
4.600%, 05/15/13(b)
    1,490       1,465  
                 
Materials (0.6%)
ArcelorMittal,
6.125%, 06/01/18(b)
    1,566       1,387  
Nucor Corp.,
5.850%, 06/01/18
    265       252  
Rio Tinto Finance (USA) Ltd.,
5.875%, 07/15/13
    877       860  
Rio Tinto Finance (USA) Ltd.,
7.125%, 07/15/28
    909       870  
                 
              3,369  
                 
Media (0.8%)
News America Holdings, Inc.,
6.200%, 12/15/34
    687       548  
Thomson Reuters Corp.,
5.950%, 07/15/13
    320       320  
Time Warner Cable, Inc.,
5.850%, 05/01/17
    3,077       2,711  
Time Warner, Inc.,
6.500%, 11/15/36
    725       550  
Viacom, Inc.,
6.125%, 10/05/17
    306       278  
                 
              4,407  
                 
Miscellaneous Manufacturer (1.5%)
Clorox Co.,
5.450%, 10/15/12
    569       567  
General Electric Co.,
5.000%, 02/01/13
    3,183       2,932  
General Electric Co.,
5.250%, 12/06/17
    900       787  
Kimberly-Clark Corp.,
6.125%, 08/01/17
    2,022       2,025  
Siemens Financierings NV,
6.125%, 08/17/26(b)
    889       815  
Wesfarmers Ltd.,
6.998%, 04/10/13(b)
    1,634       1,651  
                 
              8,777  
                 
Oil & Gas (1.2%)
Air Products & Chemicals, Inc., 4.150%, 02/01/13
    834       799  
Apache Corp.,
6.000%, 01/15/37
    695       587  
Cameron International Corp.,
6.375%, 07/15/18
    515       481  
ConocoPhillips,
5.900%, 10/15/32
    517       469  
Enterprise Products Operating LP, Ser B,
5.750%, 03/01/35(c)
    889       676  
Praxair, Inc.,
4.625%, 03/30/15
    1,897       1,765  
Transocean, Inc.,
6.000%, 03/15/18
    485       453  
Transocean, Inc.,
6.800%, 03/15/38
    1,107       1,016  
Weatherford International, Inc., 6.500%, 08/01/36
    833       718  
                 
              6,964  
                 
Pharmaceuticals (2.3%)
Abbott Laboratories,
5.600%, 11/30/17
    2,393       2,319  
AstraZeneca PLC,
6.450%, 09/15/37
    2,285       2,185  
Covidien International Finance SA, 6.000%, 10/15/17
    1,417       1,400  
GlaxoSmithKline Capital, Inc.,
5.650%, 05/15/18
    1,824       1,732  
 
See Notes to Financial Statements.


78


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Total Return Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Pharmaceuticals—continued
                 
Johnson & Johnson,
5.550%, 08/15/17
    2,049       2,083  
Merck & Co.,
Inc., 5.125%, 11/15/11(c)
    833       870  
Schering-Plough Corp.,
6.550%, 09/15/37
    1,066       976  
Teva Pharmaceutical Finance LLC, 6.150%, 02/01/36
    601       526  
Walgreen Co.,
4.875%, 08/01/13
    919       919  
                 
              13,010  
                 
Pipelines (1.4%)
CenterPoint Energy Resources Corp., Ser B,
7.875%, 04/01/13
    1,390       1,427  
Colonial Pipeline Co.,
6.375%, 08/01/37(b)
    1,785       1,578  
El Paso Natural Gas,
5.950%, 04/15/17
    476       421  
Energy Transfer Partners,
7.500%, 07/01/38
    1,440       1,358  
Rockies Express Pipeline LLC,
6.850%, 07/15/18(b)
    1,107       1,063  
Southern Natural Gas Co.,
5.900%, 04/01/17(b)(c)
    397       351  
Trans-Canada Pipelines,
6.200%, 10/15/37
    1,460       1,254  
Transcontinental Gas Pipeline Corp., 6.050%, 06/15/18(b)
    393       364  
                 
              7,816  
                 
Retail (1.0%)
J.C. Penney Corp.,
Inc., 5.750%, 02/15/18
    254       213  
Tesco PLC,
5.500%, 11/15/17(b)(c)
    1,847       1,654  
Wal-Mart Stores, Inc.,
6.500%, 08/15/37
    4,296       4,031  
                 
              5,898  
                 
Software (0.3%)
Intuit, Inc.,
5.750%, 03/15/17
    316       279  
Oracle Corp.,
5.750%, 04/15/18
    1,755       1,630  
                 
              1,909  
                 
Telecommunication Services (1.9%)
AT&T, Inc.,
4.950%, 01/15/13
    1,403       1,344  
AT&T, Inc.,
5.100%, 09/15/14
    1,484       1,388  
AT&T, Inc.,
6.450%, 06/15/34
    740       635  
Cisco Systems, Inc.,
5.500%, 02/22/16
    1,702       1,636  
Comcast Corp.,
6.450%, 03/15/37
    735       593  
Rogers Wireless, Inc.,
7.500%, 03/15/15
    805       818  
Verizon Communications, Inc.,
5.250%, 04/15/13
    1,018       981  
Verizon Communications, Inc.,
5.550%, 02/15/16
    1,284       1,183  
Vodafone Group PLC,
5.500%, 06/15/11
    2,206       2,186  
Wal-Mart Stores, Inc.,
5.250%, 09/01/35
    428       342  
                 
              11,106  
                 
Total Corporate Bonds
            131,690  
                 
Municipal Bonds (5.7%)
California (1.0%)
California State Department Water Resource Power Supply, Ser A, RB,
5.500%, 05/01/16, Prerefunded 05/01/12 @ 101, AMBAC
    900       982  
California State Department Water Resource Power Supply, Ser A, RB,
5.250%, 05/01/20, Prerefunded 05/01/12 @ 101, MBIA-IBC
    2,220       2,405  
Los Angeles California Unified School District, Ser D, GO,
5.500%, 07/01/21, Prerefunded 07/01/10 @ 100, FGIC
    2,450       2,527  
                 
              5,914  
                 
Illinois (0.2%)
Chicago Illinois Board of Education, Ser C, GO,
5.000%, 12/01/31, Prerefunded 12/01/11 @ 100, FSA
    1,140       1,205  
                 
 
See Notes to Financial Statements.


79


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Total Return Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Indiana (0.6%)
Indianapolis Local Public Improvement Bond Bank, Waterworks Project,
Ser A, RB,
5.250%, 07/01/33, Prerefunded 07/01/12 @ 100, MBIA
    3,115       3,333  
                 
Nebraska (0.3%)
Lincoln Nebraska Electricity System, RB,
5.250%, 09/01/17, Prerefunded 09/01/11 @ 100
    1,840       1,953  
                 
New York (0.4%)
Metropolitan Transportation Authority, Ser B, RB,
5.250%, 11/15/32, Prerefunded 11/15/13 @ 100
    2,235       2,430  
                 
North Carolina (0.4%)
North Carolina State, Public Improvement, Ser A, GO,
5.000%, 03/01/18, Prerefunded 03/01/11 @ 102
    1,865       2,004  
                 
Ohio (0.4%)
Cincinnati Ohio City School District, Classroom Facilities Construction & Improvement, GO,
5.000%, 12/01/31, Prerefunded 12/01/13 @ 100, FSA
    2,135       2,286  
                 
Pennsylvania (0.2%)
Pennsylvania State Turnpike Commission, Registration Fee, RB,
5.125%, 07/15/23, Prerefunded 07/15/11 @ 101, AMBAC
    965       1,029  
                 
South Carolina (0.6%)
Greenville County South Carolina School District Installment Purchase, Building Equity Sooner for Tomorrow, RB, 5.500%, 12/01/28, Prerefunded 12/01/12 @ 101
    2,835       3,134  
                 
Texas (1.2%)
Austin Texas Water & Wastewater System, RB,
5.250%, 05/15/22, Prerefunded 05/15/11 @ 100, FSA
    1,460       1,556  
San Antonio Independent School District Building,
Ser A, GO, 5.000%, 08/15/31, Prerefunded 08/15/11 @ 100, PSF-GTD
    2,790       2,942  
University of Texas Permanent University Fund, Ser B, RB,
4.750%, 07/01/30, Prerefunded 07/01/14 @ 100
    2,140       2,264  
                 
              6,762  
                 
Washington (0.4%)
Clark County Washington School District No. 37, Vancouver, Ser B, GO,
5.750%, 12/01/15, Prerefunded 12/01/11 @ 100, SBG
    1,180       1,276  
Tacoma Washington Electric Systems, Ser A, RB,
5.750%, 01/01/18, Prerefunded 01/01/11 @ 101, FSA
    1,055       1,131  
                 
              2,407  
                 
Total Municipal Bonds
            32,457  
                 
U.S. Government Agency Mortgages (42.9%)
Fannie Mae (26.1%)
5.500%, 07/01/19
    53       54  
5.500%, 09/01/19
    2,191       2,225  
5.500%, 12/01/19
    123       124  
4.500%, 12/01/20
    8,634       8,421  
5.000%, 01/01/22
    8,201       8,159  
5.000%, 04/01/23
    16,413       16,315  
6.500%, 07/01/32
    253       262  
4.500%, 09/01/33
    2,707       2,561  
5.000%, 11/01/33
    24,427       23,816  
5.500%, 11/01/33
    14,881       14,892  
4.500%, 03/01/34
    7,483       7,080  
5.500%, 09/01/34
    12,604       12,594  
6.000%, 10/01/35
    2,489       2,524  
6.000%, 12/01/35
    572       580  
5.398%, 04/01/36(a)
    1,877       1,914  
5.397%, 06/25/36
    2,297       2,341  
5.619%, 12/01/36(a)
    4,971       5,068  
 
See Notes to Financial Statements.


80


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Total Return Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
 
Fannie Mae—continued
                 
5.407%, 01/01/37(a)
    4,465       4,550  
5.586%, 01/01/37(a)
    3,652       3,712  
6.500%, 10/01/37
    10,513       10,791  
5.000%, 10/14/38
    21,408       20,859  
                 
              148,842  
                 
Freddie Mac (6.7%)
5.500%, 12/01/18
    79       80  
4.500%, 06/01/19
    539       530  
4.500%, 07/01/19
    7,290       7,151  
4.500%, 02/01/20
    874       861  
5.500%, 07/01/22
    2,530       2,549  
5.500%, 11/01/22
    3,356       3,381  
5.500%, 07/15/27
    1,471       1,499  
5.500%, 11/15/28
    2,487       2,542  
5.500%, 05/15/29
    2,466       2,520  
5.500%, 01/15/30
    3,847       3,933  
6.000%, 07/01/34
    1,747       1,774  
6.500%, 02/01/38
    3,455       3,547  
6.000%, 09/01/38
    7,650       7,751  
                 
              38,118  
                 
Ginnie Mae (10.1%)
6.000%, 01/15/38
    3,063       3,113  
6.000%, 04/15/38
    12,937       13,137  
5.500%, 08/20/38
    21,263       21,230  
6.000%, 09/15/38
    12,937       13,148  
6.000%, 09/15/38
    6,848       6,960  
                 
              57,588  
                 
Total U.S. Government Agency Mortgages
            244,548  
                 
U.S. Treasury Obligations (11.7%)
U.S. Treasury Bonds (1.0%)
4.375%, 02/15/38(c)
    5,743       5,816  
                 
U.S. Treasury Notes (10.7%)
3.125%, 10/15/08
    2,000       2,002  
4.875%, 04/30/11
    677       725  
3.625%, 12/31/12(c)
    24,488       25,338  
3.375%, 06/30/13
    3       3  
3.875%, 05/15/18(c)
    32,961       33,176  
                 
              61,244  
                 
Total U.S. Treasury Obligations
            67,060  
                 
Short-Term Investment (12.3%)
Credit Suisse Enhanced Liquidity Fund(d)
    70,060,900       70,061  
                 
Total Short-Term Investment
            70,061  
                 
Money Market Fund (6.7%)
RidgeWorth Institutional Cash Management Money Market Fund(e)
    38,310,165       38,310  
                 
Total Money Market Fund
            38,310  
                 
Total Investments (Cost $682,473)(f) — 117.7%
            671,181  
Liabilities in excess of other assets — (17.7)%
            (101,163 )
                 
Net Assets — 100.0%
          $ 570,018  
                 
 
 
(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.
 
(b) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 3.99% of net assets as of September 30, 2008.
 
(c) This security or a partial position of the security was on loan as of September 30, 2008. The total value of securities on loan as of September 30, 2008, in thousands, was $68,812.
 
(d) This security was purchased with cash collateral held from securities lending.
 
(e) Affiliate investment.
 
(f) Represents cost for financial reporting purposes.
 
AMBAC
— Security guaranteed by American Municipal Bond Assurance Corporation
 
FGIC
— Security guaranteed by Financial Guaranty Insurance Company
 
FSA
— Security guaranteed by Financial Security Assurance
 
GO
— General Obligation
 
IBC
— Security guaranteed by Insurance Bond Certificate
 
MBIA
— Security guaranteed by Municipal Bond Insurance Association
 
MTN
— Medium Term Note
 
PSF-GTD
— Security guaranteed by Permanent School Fund Guarantee Program
 
RB
— Revenue Bond
 
SBG
— School Board Guaranty
 
 
See Notes to Financial Statements.


81


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Total Return Bond Fund — continued
 
Credit Default Swap Agreements
 
                                     
        Notional
  Fixed
  Expiration
   
Underlying Instrument
  Counterparty   Amount($)   Rate(%)   Date   Value($)
Brunswick Corp. 
  Merrill Lynch     (560 )     1.15       03/20/17       80  
Brunswick Corp. 
  Credit Suisse First Boston     (1,040 )     3.95       12/20/13       (2 )
Capital One Financial Corp. 
  Citibank N.A.     (920 )     3.10       09/20/13       13  
Capital One Financial Corp. 
  Citibank N.A.     (680 )     1.65       06/20/13       48  
Centex Corp. 
  Credit Suisse First Boston     (560 )     2.65       09/20/17       36  
Centex Corp. 
  Merrill Lynch     (1,040 )     5.05       09/20/13       (26 )
FedEx Corp. 
  Credit Suisse First Boston     (1,600 )     1.07       09/20/13       (8 )
Gannett Co., Inc. 
  Credit Suisse First Boston     (1,040 )     3.15       09/20/13       36  
Gannett Co., Inc. 
  Citibank N.A.     (560 )     0.81       06/20/17       89  
Marriott International, Inc. 
  Credit Suisse First Boston     (1,600 )     2.62       09/20/13       (7 )
Masco Corp. 
  Merrill Lynch     (660 )     2.20       06/20/13       14  
Masco Corp. 
  Merrill Lynch     (940 )     3.25       09/20/13       (20 )
Republic of Brazil
  Barclays Bank PLC     2,705       1.67       10/20/13       (7 )
Simon Property Group, Inc. 
  Credit Suisse First Boston     (1,600 )     1.64       09/20/13        
Toll Brothers, Inc. 
  Merrill Lynch     (660 )     2.65       06/20/13       (7 )
Toll Brothers, Inc. 
  Merrill Lynch     (940 )     2.95       09/20/13       (22 )
Turkey
  Barclays Bank PLC     (700 )     2.88       10/20/13       (3 )
                                     
                                  214  
                                     
 
Interest Rate Swaps
 
                                             
        Notional
  (Pay)/Receive
  Fixed
  Expiration
   
Underlying Instrument
  Counterparty   Amount($)   Floating Rate   Rate(%)   Date   Value($)
Fixed 1-Year FWD
  UBS AG     2,858       Receive       6.71       08/12/10       12  
Fixed 10-Year Israel
  Citibank N.A.     401       Receive       5.78       08/20/18       (3 )
Fixed 10-Year Norway
  UBS AG     351       Receive       5.66       08/15/18       9  
Fixed 130X1 TIIE
  Barclays Bank PLC     866       Receive       9.06       09/10/18       12  
Fixed 2-Year New Zealand Bill
  UBS AG     1,489       Receive       7.24       08/13/10       7  
Fixed 2-Year New Zealand Bill
  UBS AG     1,486       Receive       7.27       09/04/10       10  
Fixed 2-Year PLN
  Barclays Bank PLC     1,529       Receive       6.04       10/01/10        
Fixed 2-Year Sweden
  UBS AG     1,446       Receive       5.09       09/01/10       9  
Fixed 2-Year Sweden
  Barclays Bank PLC     1,462       Receive       5.07       09/05/10       10  
Fixed 2-Year Sweden
  Barclays Bank PLC     37,050       Receive       5.07       09/08/10       243  
Fixed 2-Year Sweden
  UBS AG     39,536       Receive       4.96       09/15/10       161  
Fixed 2-Year UK
  Barclays Bank PLC     2,117       Receive       5.16       09/15/10       (1 )
Fixed 26X1 TIIE
  Citibank N.A.     38,343       Receive       8.92       08/13/10       297  
Fixed 5-Year CLP
  Citibank N.A.     659       Receive       7.85       09/09/13       17  
Fixed 5-Year CLP
  Citibank N.A.     658       Receive       7.74       08/19/13       14  
Fixed 5-Year Euro
  Barclays Bank PLC     636       Receive       4.58       08/28/13       (3 )
Fixed DI 1/2/12
  Citibank N.A.     940       Receive       14.17       01/02/12       1  
                                             
                                          795  
                                             
 
At September 30, 2008, liquid assets totaling $25,880, in thousands, have been designated as collateral for open swap agreements.
 
See Notes to Financial Statements.


82


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Total Return Bond Fund — concluded
 
At September 30, 2008 the Fund’s foreign currency contracts were as follows:
 
                                         
        Contract
           
        Amount
  Contract
      Unrealized
    Delivery
  in Local
  Value in
  Market
  Appreciation
Currency
  Date   Currency   USD($)   Value($)   (Depreciation)($)
 
Short:
                                       
Australian Dollar
    10/08/08       652       590       514       76  
Brazilian Real
    10/08/08       568       346       298       48  
Brazilian Real
    12/15/08       438       235       227       8  
Brazilian Real
    12/23/08       1,114       598       577       21  
Brazilian Real
    12/26/08       1,110       590       574       16  
British Pound
    10/22/08       179       355       319       36  
British Pound
    10/27/08       179       355       318       37  
British Pound
    11/04/08       119       235       212       23  
Chilean Peso
    10/08/08       124,680       243       226       17  
Chilean Peso
    12/02/08       301,223       574       543       31  
Colombian Peso
    11/20/08       439,300       230       200       30  
Colombian Peso
    12/10/08       474,950       230       215       15  
Colombian Peso
    12/10/08       240,925       115       109       6  
Czech Republic Koruna
    12/12/08       4,144       235       239       (4 )
Euro
    11/04/08       228       355       323       32  
Euro
    12/09/08       162       230       229       1  
Euro
    12/24/08       405       596       572       24  
Indian Rupee
    10/08/08       14,992       353       319       34  
Japanese Yen
    11/04/08       38,194       355       361       (6 )
Malaysian Ringgit
    10/06/08       1,920       581       558       23  
Malaysian Ringgit
    10/20/08       990       307       288       19  
Malaysian Ringgit
    10/20/08       990       305       288       17  
Mexican Nuevo Peso
    10/27/08       3,620       361       330       31  
Norwegian Krone
    10/15/08       3,104       570       528       42  
Norwegian Krone
    11/28/08       3,735       580       633       (53 )
Norwegian Krone
    11/28/08       6,292       1,129       1,068       61  
Phillipine Peso
    11/06/08       15,666       353       333       20  
Polish Zloty
    12/12/08       575       235       239       (4 )
Singapore Dollar
    10/21/08       420       307       292       15  
Singapore Dollar
    10/21/08       420       306       292       14  
Swedish Krona
    12/11/08       1,592       235       230       5  
Turkish Lira
    11/07/08       428       349       333       16  
Turkish Lira
    11/12/08       170       125       133       (8 )
Turkish Lira
    11/12/08       167       125       130       (5 )
Turkish Lira
    11/12/08       167       125       130       (5 )
Turkish Lira
    11/12/08       323       245       252       (7 )
Turkish Lira
    12/12/08       293       230       226       4  
Turkish Lira
    12/19/08       165       125       127       (2 )
Turkish Lira
    12/19/08       316       240       243       (3 )
Turkish Lira
    12/19/08       157       120       120        
Turkish Lira
    12/26/08       1,591       1,215       1,218       (3 )
                                         
Total Short Contract
                  $ 14,988     $ 14,366     $ 622  
                                         
Long:
                                       
Australian Dollar
    10/08/08       652       589       516       (73 )
Brazilian Real
    10/08/08       568       355       298       (57 )
Brazilian Real
    12/15/08       438       241       227       (14 )
Brazilian Real
    12/23/08       1,114       595       577       (18 )
Brazilian Real
    12/26/08       1,110       590       574       (16 )
British Pound
    10/22/08       179       355       319       (36 )
British Pound
    10/27/08       179       352       318       (34 )
British Pound
    11/4/08       119       231       212       (19 )
Chilean Peso
    10/8/08       124,680       240       226       (14 )
Chilean Peso
    12/2/08       301,223       580       544       (36 )
Colombian Peso
    11/20/08       439,300       218       200       (18 )
Colombian Peso
    12/10/08       715,875       346       324       (22 )
Czech Republic Koruna
    12/12/08       4,144       241       239       (2 )
Euro
    11/4/08       228       352       323       (29 )
Euro
    12/09/08       162       228       229       1  
Euro
    12/24/08       405       595       572       (23 )
Indian Rupee
    10/8/08       14,992       355       319       (36 )
Japanese Yen
    11/04/08       38,194       355       361       6  
Malaysian Ringgit
    10/06/08       1,920       590       558       (32 )
Malaysian Ringgit
    10/20/08       1,980       630       577       (53 )
Mexican Nuevo Peso
    10/27/08       3,620       355       330       (25 )
Norwegian Krone
    10/15/08       3,104       575       528       (47 )
Norwegian Krone
    11/28/08       3,145       580       534       (46 )
Norwegian Krone
    11/28/08       3,147       580       534       (46 )
Phillipine Peso
    11/06/08       15,666       355       333       (22 )
Polish Zloty
    12/12/08       575       241       239       (2 )
Singapore Dollar
    10/21/08       839       625       585       (40 )
Swedish Krona
    11/28/08       3,735       568       541       (27 )
Swedish Krona
    12/11/08       1,592       236       230       (6 )
Turkish Lira
    11/7/08       428       355       333       (22 )
Turkish Lira
    11/12/08       490       368       381       13  
Turkish Lira
    11/22/08       337       255       261       6  
Turkish Lira
    12/12/08       293       229       226       (3 )
Turkish Lira
    12/19/08       638       492       490       (2 )
Turkish Lira
    12/26/08       1,591       1,223       1,218       (5 )
                                         
Total Long Contracts
                  $ 15,075     $ 14,276     $ (799 )
                                         
 
See Notes to Financial Statements.


83


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Ultra-Short Bond Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Asset-Backed Securities (5.0%)
Automobile ABS (3.0%)
               
BMW Vehicle Owner Trust,
Ser 2006-A, Cl A3,
5.130%, 09/27/10
    375       375  
Daimler Chrysler Auto Trust,
Ser 2006-D, Cl A3, 4.980%, 02/08/11
    556       555  
Honda Auto Receivables Owner Trust, Ser 2005-6, Cl A3, 4.917%, 10/19/09
    58       58  
Honda Auto Receivables Owner Trust, Ser 2006-2, Cl A3, 5.300%, 07/21/10
    255       256  
Nissan Auto Receivables Owner Trust, Ser 2007-A, Cl A2, 5.220%, 09/15/09
    16       17  
USAA Auto Owner Trust, Ser 2006-4, Cl A3,
5.010%, 06/15/11
    328       329  
Volkswagen Auto Loan Enhanced Trust, Ser 2008-1, Cl A2, 3.710%, 04/20/11(a)
    775       767  
                 
              2,357  
                 
Diversified Financial Services (1.7%)
Bank of America Credit Card Trust, Ser 2007-A7, Cl A7, 2.488%, 08/15/12(a)
    750       728  
Bank One Issuance Trust, Ser 2004-A1, Cl A1,
3.391%, 10/17/11
    575       573  
                 
              1,301  
                 
Home Equity ABS (0.3%)
Residential Funding Mortgage Securities, Ser 2006-HSA1, Cl A1, 3.317%, 02/25/36(a)
    355       257  
                 
Total Asset-Backed Securities
            3,915  
                 
Certificates of Deposit (0.9%)
Diversified Financial Services (0.9%)
Societe Generale N.A.,
2.920%, 12/01/08
    675       673  
                 
Total Certificates of Deposit
            673  
                 
Collateralized Mortgage Obligations (24.4%)
Adjustable Rate Mortgage Trust, Ser 2005-4, Cl 3A1,
4.945%, 08/25/35(a)
    322       273  
Adjustable Rate Mortgage Trust, Ser 2005-7, Cl 7A21,
3.457%, 10/25/35(a)
    297       195  
Banc of America Commercial Mortgage, Inc., Ser 2004-2, Cl A2, 3.520%, 11/10/38
    473       469  
Banc of America Mortgage Securities, Ser 2003-F, Cl 1A1, 5.137%, 07/25/33(a)
    761       762  
Banc of America Mortgage Securities, Ser 2004-1, Cl 3A1, 5.000%, 02/25/19
    218       212  
Bear Stearns Alternative-A Trust, Ser 2005-9, Cl 25A1, 5.674%, 11/25/35(a)
    500       331  
Bear Stearns Alternative-A Trust, Ser 2006-2, Cl 23A1, 5.906%, 03/25/36(a)
    602       372  
Bear Stearns Commercial Mortgage Securities, Ser 2005-T20, Cl A1, 4.940%, 10/12/42
    474       468  
Citicorp Mortgage Securities, Inc., Ser 2005-5, Cl 2A3, 5.000%, 08/25/20
    216       208  
CS First Boston Mortgage Securities Corp., Ser 1998-C2, Cl A2, 6.300%, 11/15/30(a)
    30       30  
CS First Boston Mortgage Securities Corp., Ser 2004-C3, Cl A3, 4.221%, 07/15/36
    1,005       990  
CS First Boston Mortgage Securities Corp., Ser 2005-C1, Cl A2, 4.609%, 02/15/38
    1,020       998  
Deutsche Mortgage Securities, Inc., Ser 2004-5, Cl A2, 4.980%, 07/25/34
    135       134  
Fannie Mae, Ser 2003-35, Cl KA, 4.000%, 04/25/17
    503       502  
First Horizon Alternative Mortgage Securities, Ser 2005-AA3, Cl 2A1,
5.185%, 05/25/35(a)
    529       323  
First Horizon Alternative Mortgage Securities, Ser 2005-AA7, Cl 2A1,
5.402%, 09/25/35(a)
    490       337  
First Horizon Mortgage Pass-Through Trust, Ser 2004-AR4, Cl 2A1, 4.360%, 08/25/34(a)
    808       749  
Greenwich Capital Commercial Funding Corp., Ser 2004-GG1, Cl A3, 4.404%, 06/10/36
    617       612  
Greenwich Capital Commercial Funding Corp., Ser 2005-GG3, Cl A2, 4.305%, 08/10/42
    500       490  
 
See Notes to Financial Statements.


84


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Ultra-Short 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
    225       220  
GSR Mortgage Loan Trust, Ser 2007-AR1, Cl 2A1,
5.997%, 03/25/37(a)
    206       165  
JPMorgan Chase Commercial Mortgage Securities, Ser 2005-LDP1, Cl A1, 4.173%, 03/15/46
    211       210  
LB-UBS Commercial Mortgage Trust, Ser 2002-C4, Cl A3, 4.071%, 09/15/26
    634       616  
LB-UBS Commercial Mortgage Trust, Ser 2005-C1, Cl A2, 4.310%, 02/15/30
    500       488  
MASTR Adjustable Rate Mortgages Trust, Ser 2007-1, Cl 2A1, 5.966%, 11/25/36(a)
    251       193  
Morgan Stanley Capital I, Ser 2004-HQ4, Cl A2,
3.920%, 04/14/40
    130       130  
Morgan Stanley Capital I, Ser 2006-HQ8, Cl A1,
5.195%, 03/12/44
    391       386  
Provident Funding Mortgage Loan Trust, Ser 2004-1, Cl 1A1, 4.038%, 04/25/34
    605       594  
SunTrust Adjustable Rate Mortgage Loan Trust, Ser 2007-S1, Cl 1A,
5.111%, 08/25/22(a)
    1,695       1,527  
Wachovia Bank Commercial Mortgage Trust, Ser 2005-C16, Cl A2, 4.380%, 10/15/41
    782       767  
WAMU Mortgage Pass-Through Certificates, Ser 2004-AR4, Cl A6, 3.796%, 06/25/34(a)
    1,400       1,376  
Wells Fargo Mortgage Backed Securities Trust, Ser 2004-S, Cl A5, 3.552%, 09/25/34(a)
    1,400       1,372  
Wells Fargo Mortgage Backed Securities Trust, Ser 2005-AR10, Cl 2A14, 4.121%, 06/25/35
    755       739  
Wells Fargo Mortgage Backed Securities Trust, Ser 2006-16, Cl A12, 5.000%, 11/25/36
    388       382  
Wells Fargo Mortgage Backed Securities Trust, Ser 2006-AR8, Cl 2A4, 5.240%, 04/25/36(a)
    742       696  
Wells Fargo Mortgage Backed Securities Trust, Ser 2006-AR8, Cl 3A1, 5.238%, 04/25/36(a)
    681       621  
                 
Total Collateralized Mortgage Obligations
            18,937  
                 
Commercial Paper (2.9%)
Calyon North America, Inc., 2.738%, 11/25/08(b)
    725       722  
Greenwich Capital Holdings, 5.451%, 10/01/08(b)
    1,500       1,500  
                 
Total Commercial Paper
            2,222  
                 
Corporate Bonds (29.3%)
Aerospace/Defense (0.5%)
               
Raytheon Co., 4.850%, 01/15/11
    175       178  
United Technologies Corp., 4.375%, 05/01/10
    250       254  
                 
              432  
                 
Auto Parts & Equipment (0.3%)
Johnson Controls, Inc.,
5.250%, 01/15/11
    200       202  
                 
Banks (7.1%)
American Express Bank,
3.489%, 04/26/10(a)
    750       696  
Bank of America Corp.,
2.974%, 08/13/10(a)
    850       818  
Bank of America Corp.,
7.400%, 01/15/11
    400       392  
Bank of New York Mellon Corp., Ser G, 3.784%, 06/29/10, MTN(a)
    1,000       987  
JPMorgan Chase & Co.,
6.750%, 02/01/11
    325       326  
U.S. Bancorp, Ser P,
3.191%, 02/04/10, MTN(a)
    825       815  
UBS AG Stamford,
2.789%, 07/23/09(a)
    760       753  
Wachovia Corp., Ser G,
2.865%, 07/26/10(a)(c)
    850       752  
                 
              5,539  
                 
Consumer Staples (0.3%)
Kellogg Co., Ser B,
6.600%, 04/01/11
    250       260  
                 
Diversified Financial Services (11.2%)
Allstate Life Global Funding Trust, 3.409%, 02/26/10, MTN(a)
    925       919  
Caterpillar Financial Services Corp., 4.150%, 01/15/10, MTN
    200       198  
 
See Notes to Financial Statements.


85


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Ultra-Short Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Diversified Financial Services—continued
                 
Caterpillar Financial Services Corp., 3.253%, 02/08/10, MTN(a)
    650       650  
Citigroup, Inc., 6.500%, 01/18/11
    625       606  
CME Group, Inc.,
3.454%, 08/06/10(a)
    770       768  
Credit Suisse (USA), Inc.,
5.250%, 03/02/11
    350       346  
General Electric Capital Corp., Ser A, 5.200%, 02/01/11, MTN
    380       368  
Goldman Sachs Group, Inc. (The), 6.875%, 01/15/11
    500       478  
Goldman Sachs Group, Inc. (The), Ser B, 3.869%, 06/28/10(a)
    1,125       982  
HSBC Finance Corp.,
8.000%, 07/15/10
    285       291  
IBM International Group Capital LLC, 3.133%, 07/29/09(a)
    950       933  
International Lease Finance Corp., Ser Q, 5.450%, 03/24/11
    200       150  
JPMorgan Chase & Co.,
2.959%, 01/17/11(a)
    865       853  
Lehman Brothers Holdings, Inc., 2.881%, 10/22/08(a)(e)
    850       106  
Lehman Brothers Holdings, Inc., Ser G, 4.250%, 01/27/10, MTN(e)
    300       37  
Merrill Lynch & Co., Inc., Ser C, 2.853%, 05/08/09(a)
    650       633  
Morgan Stanley, 4.000%, 01/15/10
    500       410  
                 
              8,728  
                 
Industrials (1.2%)
Dover Corp., 6.500%, 02/15/11
    225       237  
Emerson Electric Co.,
7.125%, 08/15/10
    275       293  
Ingersoll-Rand Global Holding Co., Ltd., 4.309%, 08/13/10(a)
    425       424  
                 
              954  
                 
Information Technology (1.4%)
Hewlett-Packard Co.,
3.210%, 09/03/09(a)
    1,125       1,123  
                 
Insurance (2.6%)
Lincoln National Corp.,
2.838%, 04/06/09(a)
    1,000       991  
Met Life Global Funding I, 3.961%, 06/25/10(a)(d)
    1,000       998  
                 
              1,989  
                 
Media (0.8%)
Comcast Cable Communication, Inc., 6.750%, 01/30/11
    250       254  
Cox Communications, Inc., 7.750%, 11/01/10
    175       181  
Time Warner, Inc.,
6.750%, 04/15/11
    170       170  
                 
              605  
                 
Oil & Gas (0.5%)
Enterprise Products Partners LP, Ser B, 4.625%, 10/15/09
    195       191  
XTO Energy, Inc.,
5.000%, 08/01/10
    200       201  
                 
              392  
                 
Pipelines (0.3%)
CenterPoint Energy Resources Corp., 7.750%, 02/15/11
    125       128  
DCP Midstream LLC,
7.875%, 08/16/10
    124       127  
                 
              255  
                 
Retail (0.3%)
CVS Caremark Corp.,
4.317%, 09/10/10(a)
    215       214  
                 
Software (0.3%)
Oracle Corp., 5.000%, 01/15/11
    195       200  
                 
Telecommunication Services (1.2%)
AT&T, Inc., 2.894%, 02/05/10(a)
    675       673  
Rogers Wireless, Inc.,
9.625%, 05/01/11
    230       246  
                 
              919  
                 
Transportation (0.3%)
Union Pacific Corp., 6.650%, 01/15/11
    200       206  
                 
Utilities (1.0%)
American Electric Power Co., Inc., Ser C, 5.375%, 03/15/10
    200       201  
Southern Co., Ser 08-A,
3.511%, 08/20/10(a)
    555       554  
                 
              755  
                 
Total Corporate Bonds
            22,773  
                 
U.S. Government Agencies (5.4%)
Fannie Mae (0.7%)
3.250%, 02/25/11, Callable 02/25/09 @ 100
    550       547  
                 
Federal Farm Credit Bank (0.6%)
0.583%, 10/02/08(b)
    500       500  
                 
Federal Home Loan Bank (2.9%)
5.250%, 06/12/09
    1,250       1,267  
3.000%, 06/11/10
    1,000       996  
                 
              2,263  
                 
                 
 
See Notes to Financial Statements.


86


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Ultra-Short Bond Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Freddie Mac (1.2%)
5.125%, 11/24/10, Callable 11/24/08 @ 100
    425       427  
5.400%, 02/02/12, Callable 02/02/09 @ 100
    450       453  
                 
              880  
                 
Total U.S. Government Agencies
            4,190  
                 
U.S. Government Agency Mortgages (26.7%)
Fannie Mae (16.4%)
6.789%, 07/01/09
    809       810  
4.500%, 01/25/25
    372       372  
5.193%, 05/01/32(a)
    138       138  
6.300%, 01/01/33(a)
    523       534  
6.537%, 01/01/33(a)
    212       216  
5.983%, 09/01/33(a)
    271       276  
5.817%, 10/01/33(a)
    395       402  
6.759%, 11/01/33(a)
    696       707  
4.333%, 03/01/34(a)
    494       499  
5.316%, 07/01/34(a)
    503       504  
6.021%, 12/01/34(a)
    459       465  
6.195%, 12/01/34(a)
    337       338  
5.982%, 02/01/35(a)
    500       506  
4.672%, 05/01/35(a)
    723       729  
4.231%, 07/01/35(a)
    950       973  
5.568%, 07/01/35(a)
    416       420  
5.161%, 08/01/35(a)
    2,901       2,918  
5.465%, 10/01/37(a)
    923       932  
5.405%, 11/01/37(a)
    973       983  
                 
              12,722  
                 
Freddie Mac (8.6%)
3.750%, 12/15/11
    312       311  
4.375%, 04/15/15
    324       324  
4.000%, 05/15/15
    1,047       1,045  
5.000%, 09/15/15
    221       222  
5.500%, 04/15/26
    247       251  
4.139%, 08/01/33(a)
    382       393  
4.278%, 03/01/34(a)
    644       651  
4.825%, 04/01/34(a)
    120       122  
5.960%, 05/01/34(a)
    1,197       1,191  
6.061%, 02/01/35(a)
    472       481  
5.390%, 03/01/35(a)
    803       817  
6.209%, 09/01/36(a)
    392       404  
5.512%, 04/01/37(a)
    529       538  
                 
              6,750  
                 
Ginnie Mae (1.7%)
6.008%, 02/16/24(a)
    116       117  
3.701%, 06/16/25
    1,183       1,169  
                 
              1,286  
                 
Total U.S. Government Agency Mortgages
            20,758  
                 
U.S. Treasury Obligations (2.6%)
U.S. Treasury Notes (2.6%)
               
2.000%, 02/28/10
    210       211  
2.375%, 08/31/10(f)
    1,160       1,168  
4.500%, 02/28/11
    585       619  
                 
Total U.S. Treasury Obligations
            1,998  
                 
Municipal Bond (1.1%)
Pennsylvania (1.1%)
Huntingdon County General Authority College, Juniata College Project, Ser A, RB, 8.250%, 05/01/26, LOC: PNC Bank N.A.(a)
    885       885  
                 
Total Municipal Bond
            885  
                 
Short-Term Investment (1.5%)
Credit Suisse Enhanced
               
Liquidity Fund(g)
    1,190,450       1,190  
                 
Total Short-Term Investment
            1,190  
                 
Money Market Fund (3.8%)
RidgeWorth Institutional Cash Management Money Market Fund(h)
    2,959,199       2,959  
                 
Total Money Market Fund
            2,959  
                 
Total Investments
(Cost $83,400)(i) — 103.6%
            80,500  
Liabilities in excess of other assets — (3.6)%
            (2,827 )
                 
Net Assets — 100.0%
          $ 77,673  
                 
 
 
(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.
 
(b) Rate represents the effective yield at purchase.
 
(c) Valued at fair value using methods determined by the Board. Fair valued securities held by the Fund represent 0.97% of net assets as of September 30, 2008.
 
(d) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 1.3% of net assets as of September 30, 2008.
 
(e) Security in default.
 
(f) This security or a partial position of the security was on loan as of September 30, 2008. The total value of securities on loan as of September 30, 2008, in thousands, was $1,178.
 
(g) This security was purchased with cash collateral held from securities lending.
 
(h) Affiliate investment.
 
(i) Represents cost for financial reporting purposes.
 
LOC — Letter of Credit
 
MTN — Medium Term Note
 
RB — Revenue Bond
 
See Notes to Financial Statements.


87


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
U.S. Government Securities Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
U.S. Treasury Obligations (97.1%)
U.S. Treasury Bonds (18.6%)
4.625%, 02/15/17
    25,235       26,854  
8.000%, 11/15/21
    12,600       17,240  
6.250%, 08/15/23(a)
    16,850       20,232  
5.000%, 05/15/37(a)
    23,375       26,003  
                 
              90,329  
                 
U.S. Treasury Notes (78.5%)
4.375%, 12/15/10(a)
    47,936       50,382  
4.500%, 02/28/11(a)
    46,319       49,000  
4.875%, 04/30/11(a)
    88,700       94,922  
4.625%, 02/29/12(a)
    22,830       24,368  
3.625%, 12/31/12(a)
    37,000       38,283  
2.750%, 02/28/13(a)
    39,920       39,714  
2.500%, 03/31/13(a)
    15,943       15,688  
4.250%, 08/15/14(a)
    24,000       25,554  
5.125%, 05/15/16(a)
    39,800       43,799  
                 
              381,710  
                 
Total U.S. Treasury Obligations
            472,039  
                 
Short-Term Investment (48.7%)
Credit Suisse Enhanced Liquidity Fund(b)
    237,037,408       237,037  
                 
Total Short-Term Investment
            237,037  
                 
Money Market Fund (3.3%)
RidgeWorth Institutional U.S. Government Securities Money Market Fund(c)
    16,270,875       16,271  
                 
Total Money Market Fund
            16,271  
                 
Total Investments (Cost $715,964)(d) — 149.1%
            725,347  
Liabilities in excess of other assets — (49.1)%
            (238,927 )
                 
Net Assets — 100.0%
          $ 486,420  
                 
 
 
(a) This security or a partial position of the security was on loan as of September 30, 2008. The total value of securities on loan as of September 30, 2008, in thousands, was $232,745.
 
(b) This security was purchased with cash collateral held from securities lending.
 
(c) Affiliate investment.
 
(d) Represents cost for financial reporting purposes.
 
See Notes to Financial Statements.


88


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
U.S. Government Securities Ultra-Short Bond Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
U.S. Government Agencies (1.8%)
Fannie Mae (0.3%)
0.750%, 10/01/08(a)
    200       200  
Federal Home Loan Bank(a) (1.5%)
0.750%, 10/01/08
    720       720  
0.500%, 10/02/08
    600       600  
                 
              1,320  
                 
Total U.S. Government Agencies
            1,520  
                 
U.S. Government Agency Mortgages (93.0%)
Fannie Mae (78.9%)
6.350%, 05/01/09
    263       263  
5.159%, 11/01/10
    694       696  
4.500%, 01/25/25
    186       186  
5.193%, 05/01/32(b)
    157       157  
6.300%, 01/01/33(b)
    401       409  
6.537%, 01/01/33(b)
    347       353  
4.655%, 04/01/33(b)
    1,518       1,543  
4.917%, 05/01/33(b)
    258       260  
4.943%, 07/01/33(b)
    1,056       1,063  
3.841%, 08/01/33(b)
    144       147  
5.983%, 09/01/33(b)
    118       120  
4.014%, 10/01/33(b)
    2,063       2,092  
4.289%, 10/01/33(b)
    2,620       2,638  
5.817%, 10/01/33(b)
    169       172  
6.759%, 11/01/33(b)
    1,309       1,330  
4.675%, 12/01/33(b)
    617       624  
4.333%, 03/01/34(b)
    438       442  
4.610%, 07/01/34(b)
    721       730  
4.764%, 07/01/34(b)
    1,155       1,152  
5.316%, 07/01/34(b)
    515       516  
4.663%, 08/01/34(b)
    1,644       1,664  
4.815%, 08/01/34(b)
    5,040       5,105  
5.838%, 08/01/34(b)
    1,067       1,073  
5.961%, 12/01/34(b)
    403       408  
6.021%, 12/01/34(b)
    385       390  
6.195%, 12/01/34(b)
    792       794  
5.840%, 01/01/35(b)
    2,916       2,942  
5.952%, 02/01/35(b)
    3,259       3,297  
5.982%, 02/01/35(b)
    363       368  
5.075%, 03/01/35(b)
    1,662       1,662  
5.059%, 04/01/35(b)
    1,217       1,217  
4.672%, 05/01/35(b)
    868       875  
4.282%, 06/01/35(b)
    442       445  
4.382%, 06/01/35(b)
    1,043       1,048  
4.231%, 07/01/35(b)
    1,585       1,623  
4.584%, 07/01/35(b)
    2,447       2,484  
5.568%, 07/01/35(b)
    232       234  
4.492%, 08/01/35
    522       526  
4.947%, 08/01/35(b)
    1,464       1,480  
5.161%, 08/01/35(b)
    5,500       5,535  
4.923%, 01/01/36
    849       850  
6.072%, 01/01/36(b)
    1,709       1,752  
5.006%, 02/01/36(b)
    1,915       1,927  
4.358%, 06/01/36(b)
    4,093       4,117  
5.601%, 07/01/36
    1,200       1,221  
5.465%, 10/01/37(b)
    6,731       6,795  
5.405%, 11/01/37(b)
    2,364       2,390  
4.993%, 12/01/40(b)
    1,474       1,502  
                 
              68,617  
                 
Freddie Mac (13.3%)
5.500%, 05/15/09
    268       271  
3.750%, 12/15/11
    133       132  
4.000%, 05/15/15
    595       594  
5.000%, 09/15/15
    74       74  
4.139%, 08/01/33(b)
    382       393  
4.278%, 03/01/34(b)
    356       360  
4.825%, 04/01/34(b)
    75       77  
3.537%, 05/01/34(b)
    1,246       1,255  
5.180%, 05/01/34(b)
    360       365  
5.960%, 05/01/34(b)
    413       411  
4.176%, 07/01/34(b)
    580       585  
4.531%, 08/01/34(b)
    750       754  
5.877%, 10/01/34(b)
    840       850  
6.061%, 02/01/35(b)
    437       445  
6.182%, 02/01/35(b)
    306       311  
5.390%, 03/01/35(b)
    1,771       1,800  
6.209%, 09/01/36(b)
    791       816  
5.015%, 10/01/36(b)
    1,413       1,426  
5.512%, 04/01/37(b)
    534       543  
                 
              11,462  
                 
Ginnie Mae (0.8%)
6.008%, 02/16/24(b)
    29       29  
3.701%, 06/16/25
    710       701  
                 
              730  
                 
Total U.S. Government Agency Mortgages
            80,809  
                 
Money Market Funds (5.0%)
Federated Government Obligations Money Market Fund
    3,349,863       3,350  
RidgeWorth Institutional U.S. Government Securities Money Market Fund(c)
    1,000,000       1,000  
                 
Total Money Market Funds
            4,350  
                 
Total Investments
(Cost $86,513) (d) — 99.8%
            86,679  
Other assets in excess of liabilities — 0.2%
            196  
                 
Net Assets — 100.0%
          $ 86,875  
                 
 
 
(a) Rate represents the effective yield at purchase.
 
(b) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.
 
(c) Affiliate investment.
 
(d) Represents cost for financial reporting purposes.
 
See Notes to Financial Statements.


89


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
U.S. Government Securities Ultra-Short Bond Fund — concluded
 
Open Futures Contracts at September 30, 2008:
 
                                       
                    Unrealized
        Notional
  Expiration
      Appreciation
Description
  Type   Amount($)   Month   Contracts   (Depreciation)($)
U.S. 2YR Bond
  Short     (5,335 )     12/08         25       (11 )
                                       
                                    (11 )
                                       
 
See Notes to Financial Statements.


90


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Virginia Intermediate Municipal Bond Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Municipal Bonds (96.8%)
Virginia (96.8%)
               
Amherst County Service Authority, RB, 6.000%, 12/15/20, Callable 12/15/10 @ 102
    500       503  
Amherst County Service Authority, RB, 6.000%, 12/15/30, Callable 12/15/10 @ 102
    1,750       1,733  
Arlington County Industrial Development Authority, Hospital Facilities, RB, 5.500%, 07/01/17, Prerefunded 07/01/11 @ 101
    2,225       2,390  
Arlington County Industrial Development Authority, Resource Recovery, Ser B, RB, AMT, 5.250%, 01/01/10, Callable 11/10/08 @ 101, FSA
    1,000       1,011  
Arlington County Industrial Development Authority, Resource Recovery, Ser B, RB, AMT, 5.375%, 01/01/11, Callable 11/10/08 @ 101, FSA
    2,785       2,817  
Arlington County, GO, 5.000%, 03/15/15
    4,950       5,306  
Bedford County Economic Development Authority, Public Facilities Lease, RB, 5.250%, 05/01/24, Callable 01/01/16 @ 100, MBIA
    2,890       2,777  
Bristol Utility System, RB, 5.250%, 07/15/23, Callable 07/15/13 @ 100, MBIA
    1,000       995  
Chesapeake Water & Sewer Project, GO, 5.000%, 12/01/19, Callable 12/01/14 @ 101
    2,465       2,517  
Fairfax County Economic Development Authority, Residential Care Facilities, Goodwin House, Inc., RB, 4.700%, 10/01/24, Callable 10/01/17 @ 100
    750       622  
Fairfax County Redevelopment & Housing Authority, Affordable Housing, Ser A, RB, BAN, 4.000%, 03/01/13, Callable 03/01/11 @ 100
    1,725       1,740  
Fairfax County, Ser B, GO, 5.000%, 10/01/12
    3,250       3,470  
Fauquier County, School Bonds, GO, 5.000%, 07/01/19, Callable 07/01/16 @ 100, MBIA
    2,100       2,169  
Front Royal & Warren County Development Authority, Ser B, RB, 5.000%, 04/01/23, Callable 04/01/14 @ 100, FSA
    2,485       2,413  
Greater Richmond Convention Center Authority, Hotel Tax, Center Expansion Project, RB, 6.125%, 06/15/25, Prerefunded 06/15/10 @ 101
    1,240       1,324  
Greater Richmond Convention Center Authority, Hotel Tax, RB, 5.000%, 06/15/16, Callable 06/15/15 @ 100, MBIA
    2,855       2,963  
Hampton Golf Course, RB, 6.000%, 12/01/12
    652       678  
Hampton Roads Sanitation District Wastewater, RB, 5.000%, 04/01/23, Callable 04/01/18 @ 100
    1,060       1,043  
Hampton Roads Sanitation District Wastewater, RB, 5.000%, 04/01/24, Callable 04/01/18 @ 100
    2,425       2,369  
Hampton, Ser A, GO, 5.500%, 07/15/18, Callable 07/15/12 @ 101
    1,275       1,343  
Hampton, Ser A, GO, 5.000%, 04/01/22, Callable 04/01/15 @ 100, FGIC
    1,640       1,627  
Hanover County Industrial Development Authority, Regional Medical Care Project, RB, 6.375%, 08/15/18, MBIA
    6,100       6,754  
Henrico County Economic Development Authority, Beth Sholom Assisted Living Project, Ser A, RB, 5.850%, 07/20/19, Callable 07/20/09 @ 102, GNMA
    400       405  
Henrico County Economic Development Authority, Public Facilities Lease, RB, 6.125%, 11/01/17, Callable 11/01/09 @ 102
    1,280       1,346  
 
See Notes to Financial Statements.


91


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Virginia Intermediate Municipal Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Virginia—continued
                 
Henrico County Economic Development Authority, Residential Care Facilities, Ser A, RB, 5.000%, 06/01/10
    690       684  
Henrico County Economic Development Authority, Residential Care Facilities, Ser A, RB, 6.500%, 06/01/22, Callable 06/01/12 @ 100
    1,040       1,009  
Henrico County Economic Development Authority, Residential Care Facilities, Westminster Canterbury, RB, 5.000%, 10/01/21, Callable 10/01/11 @ 100
    1,375       1,228  
Henrico County Economic Development Authority, Ser A, RB, 5.900%, 07/20/29, Callable 07/20/09 @ 102, GNMA
    500       501  
Henry County Public Service Authority, Water & Sewer, RB, 5.250%, 11/15/13, FSA
    1,500       1,601  
James City County Economic Development Authority, Public Facility Project, RB, 5.000%, 06/15/21, Callable 06/15/17 @ 100, FSA
    2,215       2,202  
Loudoun County Industrial Development Authority, Loudoun Hospital Center, RB, 6.000%, 06/01/22, Prerefunded 06/01/12 @ 101
    1,000       1,103  
Loudoun County Industrial Development Authority, Public Safety Facilities Lease, Ser A, RB, 5.250%, 12/15/17, Callable 06/15/14 @ 100, FSA
    1,110       1,143  
Loudoun County Industrial Development Authority, Residential Care Facilities, Ser A, RB, 6.000%, 08/01/24, Callable 08/01/14 @ 100
    1,500       1,380  
Loudoun County Industrial Development Authority, Residential Care Facilities, Ser B, RB, 5.000%, 08/01/28, Callable 08/01/09 @ 100, Putable Option 02/01/09 @ 100
    1,100       1,096  
Loudoun County Sanitation Authority, Water & Sewage, RB, 5.000%, 01/01/25, Callable 01/01/15 @ 100
    3,165       3,106  
Loudoun County, Ser B, GO, 5.000%, 06/01/14
    3,500       3,758  
Louisa Industrial Development Authority, Pollution Control, Virginia Electric & Power Co., RB, 5.250%, 12/01/08, Callable 11/08/08 @ 100
    955       957  
Lynchburg Industrial Development Authority Healthcare Facilities, Centra Health, RB, 5.000%, 01/01/09, Callable 12/08/08 @ 101, MBIA
    500       502  
Lynchburg Industrial Development Authority, Residential Care Facility, Westminster-Canterbury, RB, 4.875%, 07/01/21, Callable 07/01/17 @ 100
    500       446  
Metropolitan Washington DC Airports Authority, Airport System, Ser A, RB, AMT, 5.500%, 10/01/27, Callable 10/01/11 @ 101, MBIA
    1,000       882  
Montgomery County Industrial Development Authority, RB, 5.500%, 01/15/18, Callable 01/15/12 @ 101, AMBAC
    1,865       1,922  
New Kent County Economic Development Authority, School & Governmental Projects, RB, 5.000%, 02/01/18, Callable 02/01/17 @ 100, FSA
    2,225       2,254  
New River Valley Regional Jail Authority, Regional Jail Facility, RB, 4.000%, 04/01/11, Callable 04/01/10 @ 100
    1,000       1,004  
Newport News, GO, 5.250%, 07/01/15
    3,000       3,259  
Orange County Economic Development Authority Lease, RB, 4.750%, 02/01/22, Callable 02/01/17 @ 100, Assured Guaranty
    2,000       1,877  
 
See Notes to Financial Statements.


92


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Virginia Intermediate Municipal Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Virginia—continued
                 
Peninsula Ports Authority, Residential Care Facility, Ser A, RB, 7.375%, 12/01/23, Prerefunded 12/01/13 @ 100
    3,520       4,151  
Pittsylvania County, Ser B, GO, 5.625%, 03/01/15, Callable 03/01/11 @ 102, MBIA
    1,000       1,056  
Portsmouth, Ser A, GO, 5.000%, 04/01/14, MBIA
    2,005       2,137  
Portsmouth, Ser A, GO, 5.000%, 07/01/15, MBIA
    2,285       2,441  
Richmond Industrial Development Authority, Government Facilities, RB, 5.000%, 07/15/18, AMBAC
    1,795       1,821  
Richmond Industrial Development Authority, Student Housing, RB, 5.450%, 01/01/21, Callable 01/01/11 @ 102
    1,000       986  
Richmond, GO, 5.500%, 01/15/12, Callable 01/15/11 @ 101, FSA
    2,500       2,642  
Richmond, GO, 5.500%, 01/15/18, Callable 01/15/11 @ 101, FSA
    3,755       3,912  
Richmond, GO, 5.000%, 07/15/24, Callable 07/15/16 @ 100, FSA
    1,435       1,418  
Riverside Regional Jail Authority, Jail Facility, RB, 4.250%, 07/01/10, Callable 07/01/09 @ 100
    2,000       2,026  
Roanoke Industrial Development Authority, Carilion Health System, Ser A, RB, 5.750%, 07/01/13, Callable 07/01/12 @ 100, MBIA
    2,000       2,119  
Roanoke Industrial Development Authority, Carilion Health System, Ser A, RB, 5.750%, 07/01/14, Callable 07/01/12 @ 100, MBIA
    2,000       2,105  
Roanoke Industrial Development Authority, Carilion Health System, Ser A, RB, 5.500%, 07/01/16, Callable 07/01/12 @ 100, MBIA
    1,000       1,029  
Roanoke Industrial Development Authority, Carilion Health System, Ser A, RB, 5.500%, 07/01/18, Callable 07/01/12 @ 100, MBIA
    2,000       2,041  
Roanoke Industrial Development Authority, Carilion Health System, Ser A, RB, 5.500%, 07/01/21, Callable 07/01/12 @ 100, MBIA
    1,000       1,006  
Roanoke, Ser B, GO, 5.000%, 02/01/24, Callable 02/01/15 @ 101
    2,500       2,481  
Spotsylvania County Water & Sewer, RB, 5.000%, 06/01/26, FSA
    3,635       3,531  
Stafford County & Staunton Industrial Development Authority, RB, 5.000%, 08/01/23, Callable 08/01/18 @ 100, XLCA
    1,025       965  
Stafford County & Staunton Industrial Development Authority, Ser B, RB, 5.000%, 08/01/25, Callable 08/01/17 @ 100, XLCA
    3,330       3,100  
Stafford County & Staunton Industrial Development Authority, Ser C, RB, 5.250%, 02/01/20, Callable 02/01/17 @ 100, XLCA
    2,165       2,172  
Suffolk Industrial Development Authority, Retirement Facilities, First Mortgage — Lake Prince Center, RB, 5.150%, 09/01/24, Callable 09/01/16 @ 100
    1,750       1,463  
Tobacco Settlement Financing Corp., RB, 4.000%, 06/01/13, Prerefunded 06/01/09 @ 100
    320       322  
Tobacco Settlement Financing Corp., RB, 5.250%, 06/01/19, Prerefunded 06/01/09 @ 100
    2,300       2,370  
Tobacco Settlement Financing Corp., RB, 5.500%, 06/01/26, Prerefunded 06/01/12 @ 100
    3,500       3,666  
Virginia Beach Development Authority, Ser A, RB, 5.375%, 08/01/16, Callable 08/01/12 @ 100
    1,650       1,729  
Virginia Beach, Ser B, GO, 5.000%, 05/01/13
    2,500       2,671  
Virginia Beach, Ser C, GO, 5.000%, 09/15/16
    2,825       3,020  
 
See Notes to Financial Statements.


93


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Virginia Intermediate Municipal Bond Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Virginia—continued
                 
Virginia College Building Authority, Educational Facilities Project, Ser A, RB, 5.000%, 02/01/15, Callable 02/01/14 @ 100
    6,510       6,882  
Virginia College Building Authority, Educational Facilities Project, Washington & Lee University, RB, 5.375%, 01/01/21, Callable 01/01/16 @ 100
    3,090       3,169  
Virginia College Building Authority, Educational Facilities, Public Higher Education Financing Program, Ser A, RB, 5.000%, 09/01/17, Callable 09/01/16 @ 100
    3,000       3,142  
Virginia College Building Authority, Educational Facilities, Public Higher Educational Financing Program, Ser B, RB, 5.000%, 09/01/13
    3,000       3,204  
Virginia Commonwealth Transportation Board, North Virginia Transportation District, Ser A, RB, 5.000%, 05/15/14
    3,000       3,207  
Virginia Commonwealth Transportation Board, Ser A, RB, 5.375%, 05/15/12, Callable 05/15/11 @ 100
    1,000       1,050  
Virginia Commonwealth University Health System Authority, Ser B, RB, 4.700%, 07/01/37, LOC: Branch Banking & Trust Co.(a)
    1,000       1,000  
Virginia Housing Development Authority, Multifamily, Ser E, RB, AMT, 5.350%, 11/01/11, Callable 01/01/09 @ 101
    1,250       1,277  
Virginia Housing Development Authority, Multifamily, Ser H, RB, AMT, 5.625%, 11/01/18, Callable 11/01/09 @ 100
    3,500       3,574  
Virginia Housing Development Authority, Multifamily, Ser I, RB, AMT, 4.875%, 11/01/12, Callable 01/01/09 @ 101
    1,950       1,964  
Virginia Polytechnic Institute & State University, Ser D, RB, 5.125%, 06/01/21, Callable 06/01/14 @ 101, AMBAC
    2,095       2,114  
Virginia Public Building Authority, Public Facilities, Ser A, RB, 5.000%, 08/01/13
    2,500       2,666  
Virginia Public School Authority, 1997 Resolution, Ser A, RB, 5.000%, 08/01/18, Callable 08/01/13 @ 100
    2,000       2,042  
Virginia Public School Authority, 1997, Ser A, RB, 5.000%, 08/01/24, Callable 08/01/14 @ 100
    1,365       1,340  
Virginia Public School Authority, Ser B, RB, 5.000%, 08/01/13, Callable 08/01/10 @ 101
    2,910       3,021  
Virginia Public School Authority, Special Obligation, RB, 5.000%, 07/15/26, Callable 07/15/18 @ 100
    2,220       2,156  
Virginia Resource Authority, Senior Infrastructure, Ser B, RB, 5.000%, 11/01/26, Callable 11/01/14 @ 100
    2,185       2,129  
Virginia Resources Authority Infrastructure, Pooled Financing Program, Ser B, RB, 5.000%, 11/01/21, Callable 11/01/17 @ 100
    1,230       1,226  
Virginia Resources Authority, Clean Water State Revolving Fund, RB, 5.000%, 10/01/16
    2,030       2,161  
Virginia Resources Authority, Infrastructure, Ser A, RB, 5.800%, 05/01/30, Prerefunded 05/01/11 @ 101, MBIA
    1,500       1,621  
Virginia State Housing Development Authority, Commonwealth Mortgage, Ser A-5, RB, AMT, 3.900%, 07/01/13, GO of Authority
    1,200       1,156  
Virginia State, Ser A, GO, 5.000%, 06/01/19, Callable 06/01/14 @ 100
    3,170       3,240  
Western Regional Jail Authority, Jail Facilities, RB, 4.125%, 12/01/09, Callable 12/01/08 @ 100
    750       751  
Western Regional Jail Authority, Jail Facilities, RB, 4.750%, 06/01/23, Callable 06/01/17 @ 100, MBIA
    2,255       2,108  
 
See Notes to Financial Statements.


94


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Virginia Intermediate Municipal Bond Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Virginia—continued
                 
Winchester, GO, 5.000%, 11/01/18, Callable 11/01/15 @ 100, FGIC
    2,000       2,056  
York County Industrial Development Authority, Pollution Control Project, RB, 5.500%, 07/01/09, Callable 11/08/08 @ 100
    740       742  
                 
Total Municipal Bonds
            199,607  
                 
Money Market Fund (2.9%)
Federated Virginia Municipal Cash Trust, Institutional Class
    5,922,290       5,922  
                 
Total Money Market Fund
            5,922  
                 
Total Investments (Cost $207,786)(b) — 99.7%
            205,529  
Other assets in excess of liabilities — 0.3%
            681  
                 
Net Assets — 100.0%
          $ 206,210  
                 
 
 
(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.
 
(b) Represents cost for financial reporting purposes.
 
AMBAC
— Security guaranteed by American Municipal Bond Assurance Corporation
 
AMT
— Alternative Minimum Tax Paper
 
BAN — Bond Anticipation Note
 
FGIC — Security guaranteed by Financial Guaranty Insurance Company
 
FSA
— Security guaranteed by Financial Security Assurance
 
GNMA
— Security guaranteed by Government National Mortgage Association
 
GO — General Obligation
 
LOC — Letter of Credit
 
MBIA
— Security guaranteed by Municipal Bond Insurance Association
 
RB — Revenue Bond
 
XLCA — Security guaranteed by XL Capital Assurance, Inc.
 
See Notes to Financial Statements.


95


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Prime Quality Money Market Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Asset-Backed Securities (0.5%)
Automobile ABS (0.5%)
Ford Credit Auto Owner Trust, Ser 2008-B, Cl A1, 2.766%, 05/15/09
    16,647       16,647  
Nissan Auto Receivables Owner Trust, Ser 2008-B, Cl A1, 2.786%, 06/15/09
    21,914       21,915  
World Omni Auto Receivables Trust, Ser 2008-A A1, 2.922%, 03/16/09
    5,388       5,388  
                 
Total Asset-Backed Securities
            43,950  
                 
Certificates of Deposit (15.6%)
Banks (13.8%)
Australia & New Zealand Banking Group, 2.800%, 10/09/08
    50,000       50,000  
Bank of Nova Scotia, 2.880%, 02/25/09
    50,000       50,000  
Branch Banking & Trust Co., 2.835%, 01/30/09
    75,000       75,000  
Canadian Imperial Bank of Commerce, 2.830%, 11/26/08
    45,300       45,301  
Chase Bank USA N.A., 2.640%, 10/14/08
    40,000       40,003  
Citibank N.A., 2.750%, 11/26/08
    51,500       51,500  
Credit Suisse,
3.100%, 01/27/09
    50,000       50,000  
Dexia Delaware LLC, 2.680%, 11/18/08
    45,000       45,000  
HSBC Bank USA N.A., 3.120%, 12/15/08
    50,000       49,993  
HSBC Bank USA N.A., 3.040%, 02/27/09
    45,000       45,004  
Lloyds TSB Bank PLC, 2.660%, 10/06/08
    50,000       50,000  
Lloyds TSB Bank PLC, 2.620%, 11/07/08
    45,000       45,000  
Lloyds TSB Bank PLC, 2.900%, 01/20/09
    50,000       50,000  
Nordea Bank AB,
4.820%, 10/17/08
    50,000       50,027  
Nordea Bank AB,
2.630%, 12/05/08
    45,000       45,000  
Nordea Bank AB,
2.960%, 01/08/09
    50,000       50,001  
Royal Bank of Canada, 2.690%, 11/14/08
    50,000       50,001  
Royal Bank of Scotland, 2.960%, 11/03/08
    50,000       50,008  
Royal Bank of Scotland, 2.988%, 03/05/09(a)
    31,500       31,500  
Societe Generale, 2.866%, 03/02/09, YCD(a)
    45,000       45,000  
Toronto Dominion Bank, 2.610%, 10/20/08
    50,000       50,009  
Toronto-Dominion Bank, 2.830%, 11/20/08
    52,800       52,801  
Toronto-Dominion Bank, 2.950%, 01/21/09
    30,000       30,001  
Toronto-Dominion Bank, 2.930%, 02/06/09
    50,000       50,002  
Wachovia Bank N.A., 2.998%, 01/12/09(a)
    25,000       25,000  
                 
              1,176,151  
                 
Diversified Financial Services (1.8%)
ASB Finance Corp.,
3.178%, 07/13/09(a)(b)
    50,000       50,000  
San Paolo-IMI,
3.080%, 01/09/09
    50,000       50,000  
Societe Generale N.A., 2.920%, 12/01/08
    50,000       50,000  
                 
              150,000  
                 
Total Certificates of Deposit
            1,326,151  
                 
Commercial Paper (37.7%)
Banks (10.7%)
Banco Santander Central Hispano SA,
2.759%, 10/07/08(c)
    50,000       49,977  
Bank of Nova Scotia, 2.690%, 11/25/08(c)
    45,000       44,816  
BNP Paribas,
2.709%, 10/16/08(c)
    50,000       49,944  
BNP Paribas,
2.769%, 12/12/08(c)
    50,000       49,725  
BNP Paribas,
2.848%, 12/15/08(c)
    75,000       74,559  
Danske Corp.,
2.738%, 12/03/08(b)(c)
    45,000       44,786  
DnB Nor Bank ASA,
2.794%, 11/03/08(b)(c)
    50,000       49,874  
DnB Nor Bank ASA,
2.888%, 01/14/09(b)(c)
    45,000       44,625  
 
See Notes to Financial Statements.


96


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Prime Quality Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Banks—continued
                 
DnB Nor Bank ASA,
3.005%, 03/13/09(b)(c)
    45,000       44,397  
European Investment Bank, 2.248%, 11/19/08(c)
    70,000       69,787  
Goldman Sachs Group, Inc., 1.500%, 10/01/08(c)
    59,887       59,887  
HSBC USA, Inc.,
2.708%, 10/23/08(c)
    50,000       49,918  
HSBC USA, Inc.,
2.582%, 11/12/08(c)
    42,925       42,796  
HSBC USA, Inc.,
2.994%, 03/10/09(c)
    45,000       44,410  
PNC Bank N.A.,
3.025%, 03/05/09(c)
    44,300       43,732  
Royal Bank of Canada, 2.648%, 12/09/08(c)
    45,000       44,773  
Scotiabanc, Inc.,
2.708%, 10/06/08(b)(c)
    50,000       49,981  
State Street Corp.,
2.563%, 10/08/08(c)
    50,000       49,975  
                 
              907,962  
                 
Consumer Discretionary (2.4%)
BMW US Capital LLC, 0.750%, 10/01/08(b)(c)
    20,000       20,000  
Nokia Corp.,
2.410%, 10/06/08(b)(c)
    65,000       64,976  
Nokia Corp.,
2.465%, 10/29/08(b)(c)
    50,000       49,905  
Nokia Corp.,
2.445%, 12/03/08(b)(c)
    45,000       44,808  
Procter & Gamble Co., 2.232%, 10/10/08(b)(c)
    25,600       25,586  
                 
              205,275  
                 
Diversified Financial Services (21.6%)
Allianz Finance Corp., 2.611%, 10/24/08(b)(c)
    35,000       34,942  
Barclays US Funding LLC, 2.977%, 11/28/08(c)
    50,000       49,763  
Calyon North America, Inc., 2.662%, 11/12/08(c)
    50,000       49,845  
Caterpillar Financial Services Corp.,
0.750%, 10/01/08(c)
    78,900       78,900  
CBA Finance,
2.717%, 10/07/08(c)
    50,000       49,978  
CME Group, Inc.,
2.255%, 10/10/08(b)(c)
    45,000       44,975  
Export Development Corp., 2.685%, 03/05/09(c)
    35,000       34,601  
General Electric Capital Corp., 2.516%, 11/04/08(c)
    65,000       64,847  
General Electric Capital Corp., 2.743%, 02/09/09(c)
    45,000       44,556  
Greenwich Capital Holdings, 3.072%, 01/15/09(c)
    40,000       39,643  
ING (U.S.) Funding LLC, 2.679%, 10/02/08(c)
    50,000       49,996  
ING (U.S.) Funding LLC, 2.597%, 11/10/08(c)
    50,000       49,856  
ING (U.S.) Funding LLC, 2.897%, 12/02/08(c)
    50,000       49,759  
ING (U.S.) Funding LLC, 2.887%, 01/05/09(c)
    45,000       44,657  
ING (U.S.) Funding LLC, 3.024%, 03/06/09(c)
    30,000       29,613  
International Lease Finance Corp., 2.886%, 10/03/08(c)
    45,000       44,993  
John Deere Capital Corp., 2.250%, 10/01/08(b)(c)
    10,000       10,000  
JPMorgan Chase & Co., 2.430%, 11/10/08(c)
    45,000       44,879  
National Australian Funding, 2.769%, 10/30/08(b)(c)
    40,000       39,912  
New York Life Insurance Capital Corp.,
2.257%, 10/16/08(b)(c)
    31,324       31,295  
Nordea North America, Inc., 2.678%, 11/05/08(c)
    40,000       39,897  
Novartis Finance,
0.750%, 10/01/08(b)(c)
    30,000       30,000  
Novartis Finance,
1.500%, 10/07/08(b)(c)
    22,000       21,995  
Novartis Finance,
2.284%, 10/20/08(b)(c)
    38,300       38,254  
Novartis Finance,
2.262%, 11/18/08(b)(c)
    50,000       49,850  
PACCAR Financial Corp.,
2.000%, 10/01/08(c)
    20,300       20,300  
PACCAR Financial Corp., 2.001%, 10/02/08(c)
    19,950       19,949  
PACCAR Financial Corp., 1.850%, 10/03/08(c)
    27,500       27,497  
Rabobank USA Finance Corp., 2.637%, 10/21/08(c)
    50,000       49,927  
 
See Notes to Financial Statements.


97


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Prime Quality Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Diversified Financial Services—continued
                 
San Paolo-IMI US Financial Co., 2.641%, 10/02/08(c)
    50,000       49,996  
San Paolo-IMI US Financial Co., 2.790%, 11/05/08(c)
    50,000       49,868  
San Paolo-IMI US Financial Co., 3.181%, 12/17/08(c)
    50,000       49,665  
Swiss Re Financial Products Corp., 2.747%, 10/28/08(b)(c)
    50,000       49,898  
Swiss Re Treasury US Corp., 2.749%, 10/09/08(b)(c)
    33,000       32,980  
Swiss Re Treasury US Corp., 2.776%, 11/17/08(b)(c)
    50,000       49,820  
Swiss Re Treasury US Corp., 3.055%, 02/02/09(b)(c)
    35,000       34,637  
Swiss Re Treasury US Corp., 3.109%, 02/20/09(b)(c)
    45,000       44,457  
UBS Finance Delaware LLC, 2.404%, 10/08/08(c)
    23,775       23,764  
Unilever Capital Corp., 0.750%, 10/01/08(b)(c)
    20,000       20,000  
Unilever Capital Corp., 2.854%, 12/19/08(b)(c)
    50,000       49,693  
Wal-Mart Funding Corp., 3.504%, 10/07/08(b)(c)
    50,000       49,971  
Wal-Mart Funding Corp., 3.359%, 10/23/08(b)(c)
    40,000       39,918  
Westpac Banking Corp., 2.698%, 10/08/08(b)(c)
    6,000       5,997  
Westpac Banking Corp., 2.756%, 11/10/08(b)(c)
    50,000       49,848  
Westpac Banking Corp., 3.455%, 06/18/09(b)
    50,000       50,003  
                 
              1,835,194  
                 
Health Care (1.3%)
AstraZeneca PLC,
2.532%, 10/17/08(b)(c)
    50,000       49,944  
AstraZeneca PLC,
2.565%, 03/13/09(b)(c)
    54,000       53,389  
Pfizer, Inc.,
1.500%, 10/01/08(b)(c)
    7,000       7,000  
                 
              110,333  
                 
Industrials (0.4%)
Illinois Tool Works, Inc., 2.000%, 10/02/08(c)
    30,000       29,998  
                 
Oil & Gas (1.3%)
ConocoPhillips,
1.500%, 10/01/08(b)(c)
    110,000       110,000  
                 
Total Commercial Paper
            3,198,762  
                 
Corporate Bonds (16.1%)
Banks (7.1%)
Commonwealth Bank of Australia, 2.953%, 06/04/09(a)(b)
    71,000       71,000  
PNC Bank N.A.,
3.669%, 12/29/08(a)
    90,000       89,937  
Rabobank,
2.841%, 08/04/09, MTN(a)(b)
    50,000       50,000  
U.S. Bank N.A.,
2.640%, 11/21/08
    97,900       97,900  
U.S. Bank N.A.,
2.890%, 01/20/09
    45,000       45,000  
U.S. Bank N.A.,
2.950%, 02/06/09
    45,000       45,000  
Wachovia Bank N.A., 3.625%, 02/17/09
    30,000       30,011  
Wells Fargo Bank N.A., 2.420%, 10/03/08
    45,000       45,000  
Wells Fargo Bank N.A., 2.570%, 10/31/08
    60,000       60,000  
Wells Fargo Bank N.A., 3.130%, 08/19/09(a)
    70,000       70,000  
                 
              603,848  
                 
Diversified Financial Services (6.3%)
American Honda Finance Corp., 2.913%, 04/02/09, MTN(a)(b)
    50,000       50,000  
Eksportfinans ASA,
2.674%, 08/13/09, MTN(a)
    70,000       70,000  
General Electric Capital Corp., Ser A, 3.125%, 04/01/09, MTN
    50,000       50,098  
Procter & Gamble International Funding SCA, 2.879%, 02/19/09(a)
    50,000       50,000  
Rabobank USA Finance Corp., 2.811%, 01/15/09(a)(b)
    75,000       74,994  
Toyota Motor Credit Corp., 2.210%, 02/12/09, MTN(a)
    85,000       85,000  
 
See Notes to Financial Statements.


98


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Prime Quality Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Diversified Financial Services—continued
                 
Toyota Motor Credit Corp., 2.509%, 09/11/09, MTN(a)
    50,000       50,000  
Toyota Motor Credit Corp., Ser B, 2.731%, 06/02/09, MTN(a)
    71,700       71,700  
Westpac Banking Corp., 3.011%, 05/26/09(a)
    38,000       37,994  
                 
              539,786  
                 
Insurance (1.9%)
New York Life Global Funding, 2.904%, 05/13/09, MTN(a)(b)
    100,000       100,000  
New York Life Global Funding, 2.985%, 09/04/09, MTN(a)(b)
    58,500       58,500  
                 
              158,500  
                 
Oil & Gas (0.7%)
BP AMI Leasing, Inc., 3.486%, 06/26/09(a)(b)
    57,000       57,002  
                 
Retail (0.1%)
Wal-Mart Stores, Inc., 3.375%, 10/01/08
    10,000       10,000  
                 
Total Corporate Bonds
            1,369,136  
                 
Master Notes (4.2%)
Banks (3.4%)
Bank of America Corp., 7.100%(a)(d)
    285,635       285,635  
                 
Promissory Note (0.8%)
SunTrust Banks, Inc. Promissory Note, 3.506%, 09/30/09(a)(e)(f)
    70,000       70,000  
                 
Total Master Notes
            355,635  
                 
U.S. Government Agencies (5.2%)
Federal Home Loan Bank (5.2%)
1.501%, 10/14/08(c)
    60,000       59,967  
2.002%, 10/17/08(c)
    60,000       59,947  
2.203%, 10/20/08(c)
    100,000       99,884  
2.204%, 10/21/08(c)
    150,000       149,817  
2.581%, 11/04/08(a)
    50,000       50,000  
2.650%, 06/04/09
    25,000       24,977  
                 
              444,592  
                 
Total U.S. Government Agencies
            444,592  
                 
Repurchase Agreements (4.5%)
ABN AMRO Bank N.V., 1.315%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $70,292 (collateralized by U.S. Treasury Obligation; 5.250%-8.000%, due 11/15/21-02/15/29; total market value $71,695)
    70,290       70,290  
BNP Paribas, 1.715%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $47,179 (collateralized by U.S. Government Agencies; DN-6.625%, due 11/24/08-11/15/30; total market value $48,121)
    47,177       47,177  
Deutsche Bank, 1.965%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $9,175 (collateralized by FHLB; 5.250%, due 10/15/12; total market value $9,361)
    9,174       9,174  
HSBC Securities, Inc., 1.715%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $173,366 (collateralized by U.S. Government Agencies; DN-6.030%, due 10/08/08-10/08/27; total market value $176,834)
    173,363       173,363  
UBS Warburg LLC, 1.065%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $80,084 (collateralized by U.S. Government Agency; DN, due 01/15/19; total market value $81,686)
    80,083       80,083  
                 
Total Repurchase Agreements
            380,087  
                 
Money Market Funds (8.8%)
Dreyfus Cash Management
    250,000,000       250,000  
Federated Prime Cash Obligations Fund
    250,000,000       250,000  
Federated Prime Obligations Fund
    250,000,000       250,000  
                 
Total Money Market Funds
            750,000  
                 
 
See Notes to Financial Statements.


99


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Prime Quality Money Market Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Time Deposits (7.3%)
BNP Paribas, 4.000%(a)
    270,144       270,144  
Societe Generale, 2.000%(a)
    350,087       350,087  
                 
Total Time Deposits
            620,231  
                 
Total Investments
(Cost $8,488,544)(g) — 99.9%
            8,488,544  
Other assets in excess of liabilities — 0.1%
            10,742  
                 
Net Assets — 100.0%
          $ 8,499,286  
                 
 
 
(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.
 
(b) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 22.9% of net assets as of September 30, 2008.
 
(c) Rate represents the effective yield at purchase.
 
(d) Perpetual maturity.
 
(e) Affiliate Investment.
 
(f) The Fund’s adviser 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 September 30, 2008 are identified below (in thousands):
 
                                         
Issue
  Acquisition
  Cost
  Par
  Value
  Percentage of
Description
  Date   ($)   ($)   ($)   Net Assets(%)
 
SunTrust Banks, Inc. 
    09/19/08       70,000       70,000       70,000       0.82  
 
(g) Aggregate cost for federal income tax and financial reporting purposes is the same.
 
DN
— Discount Note
 
FHLB — Federal Home Loan Bank
 
MTN — Medium Term Note
 
See Notes to Financial Statements.


100


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Tax-Exempt Money Market Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Municipal Bonds (95.4%)
Alabama (2.1%)
Lower Alabama Gas, District Gas Supply, Class A, RB, 8.290%, 11/01/09, LOC: Societe Generale(a)(b)
    4,820       4,820  
Montgomery Industrial Development Board Pollution Control & Solid Waste Disposal, General Electric Co. Project, RB, 5.200%, 05/01/21(a)
    7,900       7,900  
Vanderbilt University, 1.450%, 10/06/08
    16,575       16,574  
West Jefferson Industrial Development Board Pollution Control, Alabama Power Co. Project, RB, 5.500%, 06/01/28(a)
    9,400       9,400  
                 
              38,694  
                 
Alaska (1.0%)
Alaska State Housing Finance Corp., Governmental Purpose, University of Alaska, Ser A, RB, 9.000%, 12/01/27, LOC: GO of Corp.(a)
    18,100       18,100  
                 
Arizona (0.3%)
Salt River Project Agricultural Improvement & Power District Electric System, Ser C, RB, 6.500%, 01/01/09
    6,000       6,071  
                 
California (1.2%)
Los Angeles Unified School District, Tax & Revenue Anticipation Notes, Ser A, GO, 3.000%, 07/30/09
    6,000       6,072  
San Mateo County Community College District, GO, 4.690%, 09/01/38, Callable 09/01/16 @ 100, LOC: Citibank N.A.(a)(b)
    15,000       15,000  
                 
              21,072  
                 
Colorado (3.8%)
Castle Rock, COP, 8.500%, 09/01/37, LOC: Wells Fargo Bank N.A.(a)
    15,000       15,000  
Colorado Educational & Cultural Facilities Authority, National Jewish BD Program, RB, 4.250%, 09/01/35, LOC: U.S. Bank N.A.(a)
    30,590       30,590  
Colorado Educational & Cultural Facilities Authority, National Jewish BD Program, RB, 4.250%, 07/01/36, LOC: JPMorgan Chase Bank(a)
    8,120       8,120  
Colorado Educational & Cultural Facilities Authority, National Jewish Federation, Ser A13, RB, 4.500%, 05/01/38, LOC: Bank of America N.A.(a)
    14,800       14,800  
                 
              68,510  
                 
Delaware (3.6%)
Delaware State Economic Development Authority, Peninsula United, Ser A, RB, 5.000%, 05/15/37, LOC: PNC Bank N.A.(a)
    17,000       17,000  
Delaware State Economic Development Authority, Ser A, RB, 8.020%, 12/01/15, LOC: JPMorgan Chase Bank(a)
    25,000       25,000  
Delaware State Economic Development Authority, Ser B, RB, 8.020%, 12/01/15, LOC: JPMorgan Chase Bank(a)
    8,550       8,550  
Delaware State Economic Development Authority, Ser C, RB, 8.000%, 12/01/15, LOC: JPMorgan Chase Bank(a)
    14,000       14,000  
                 
              64,550  
                 
District of Columbia (3.1%)
District of Columbia, Center for Strategic & International Studies, Inc., RB, 8.250%, 03/01/38, LOC: PNC Bank N.A.(a)
    6,730       6,730  
 
See Notes to Financial Statements.


101


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Tax-Exempt Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
District of Columbia—continued
                 
District of Columbia, The Pew Charitable Trusts, Ser A, RB, 8.250%, 04/01/38, LOC: PNC Bank N.A.(a)
    47,000       47,000  
District of Columbia, Thurgood Marshall Center Trust, RB, 8.050%, 11/01/27, LOC: Branch Banking & Trust Co.(a)
    3,095       3,095  
                 
              56,825  
                 
Florida (6.9%)
De Soto County Industrial Development, Tremron Project, RB, 8.250%, 11/01/15, LOC: Branch Banking & Trust Co.(a)
    3,200       3,200  
Florida State Board of Education, GO, 4.560%, 06/01/35, Callable 06/01/17 @ 101, LOC: Citibank N.A.(a)(b)
    24,800       24,800  
Gainesville Florida Utilities System, Ser C, RB, 5.000%, 10/01/08
    3,000       3,000  
Miami-Dade County Industrial Development Authority, Gulliver Schools Project, RB, 7.270%, 09/01/29, LOC: Bank of America N.A.(a)
    6,550       6,550  
North Broward Hospital District, Ser A, RB, 7.870%, 01/15/31, LOC: TD Bank N.A.(a)
    17,100       17,100  
North Miami Health Care Facilities Revenue, Imperial Club Project, Ser A, RB, 6.750%, 01/01/33, Prerefunded 01/01/09 @ 103
    16,800       17,490  
Santa Rosa County Health Facilities Authority, Baptist Hospital, Inc. Project, RB, 7.250%, 10/01/21, LOC: Bank of America N.A.(a)
    7,000       7,000  
Sarasota County Public Hospital District, Sarasota Memorial Hospital, Ser A, RB, 6.950%, 07/01/37, LOC: Northern Trust Co.(a)
    8,875       8,875  
Sunshine State Government Financing Commission, Ser H, 1.450%, 10/06/08
    15,000       15,000  
Sunshine State Government Financing Commission, Tax-Exempt Notes, Ser L, 1.650%, 01/08/09, LOC: Dexia Credit Local NY
    21,887       21,887  
                 
              124,902  
                 
Georgia (1.0%)
Fulton County Development Authority, Kings Ridge Christian School, RB, 8.050%, 05/01/26, LOC: Branch Banking & Trust Co.(a)
    3,000       3,000  
Georgia State Finance & Investment Commission, Ser F, GO, 6.500%, 12/01/08
    4,395       4,419  
Lowndes County, Sales Tax, GO, 3.500%, 04/01/09, FSA
    6,480       6,537  
Toombs County Hospital Authority, Meadows Regional Medical Center Project, RB, 8.050%, 12/01/17, LOC: Branch Banking & Trust Co.(a)
    4,000       4,000  
                 
              17,956  
                 
Hawaii (1.3%)
Hawaii Pacific Health Special Purpose, Department of Budget & Finance, Ser B, RB, 8.120%, 07/01/33, LOC: Bank of Nova Scotia(a)
    4,750       4,750  
Hawaii Pacific Health Special Purpose, Department of Budget & Finance, Ser B-2, RB, 8.120%, 07/01/33, LOC: Bank of Nova Scotia(a)
    18,450       18,450  
                 
              23,200  
                 
Illinois (8.8%)
Chicago, Ser A, GO, 5.000%, 01/01/20, Prerefunded 01/01/09 @ 101, FGIC
    7,220       7,331  
 
See Notes to Financial Statements.


102


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Tax-Exempt Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Illinois—continued
                 
Illinois Development Finance Authority, RB, 4.000%, 07/15/23, LOC: Citigroup Financial Products(a)(b)
    13,930       13,930  
Illinois Development Finance Authority, RB, 7.250%, 01/01/29, LOC: Bank of America N.A.(a)
    6,629       6,629  
Illinois Educational Facilities Authority, ACI/Cultural Pooled Financing, RB, 7.500%, 07/01/29, LOC: Bank of America N.A.(a)
    10,300       10,300  
Illinois Educational Facilities Authority, Field Museum Natural History, RB, 7.880%, 11/01/25, LOC: Northern Trust Co.(a)(b)
    8,300       8,300  
Illinois Educational Facilities Authority, Museum of Science & Industry Project, RB, 7.980%, 11/01/15, LOC: Northern Trust Co.(a)
    3,600       3,600  
Illinois Finance Authority, Elmhurst College, RB, 7.250%, 02/01/42, LOC: Bank of America N.A.(a)
    5,000       5,000  
Illinois Finance Authority, Elmhurst Memorial Healthcare, Ser B, RB, 4.250%, 01/01/48, LOC: JPMorgan Chase Bank(a)
    18,750       18,750  
Illinois Finance Authority, Resurrection Health, Ser C, RB, 9.200%, 05/15/35, LOC: LaSalle Bank N.A.(a)
    32,560       32,560  
Illinois Finance Authority, Ser B, RB, 5.000%, 05/15/35, LOC: JPMorgan Chase Bank(a)
    54,080       54,080  
                 
              160,480  
                 
Indiana (2.1%)
Indiana Development Finance Authority, Indianapolis Museum of Art, RB, 7.950%, 02/01/37, LOC: JPMorgan Chase Bank(a)
    20,300       20,300  
Marion Economic Development, Wesleyan University Project, RB, 7.250%, 06/01/36, LOC: Bank of America N.A.(a)
    10,000       10,000  
Mount Vernon Pollution Control & Solid Waste Disposal, General Electric Co. Project, RB, 5.200%, 12/01/14(a)
    7,535       7,535  
                 
              37,835  
                 
Iowa (0.3%)
Webster County Educational Facilities, St. Edmond Project, RB, 8.050%, 07/01/20, LOC: Wells Fargo Bank N.A.(a)
    4,830       4,830  
                 
Kansas (0.3%)
Kansas State Department of Transportation Highway, RB, 4.000%, 09/01/17, LOC: Citibank N.A.(a)(b)
    5,000       5,000  
                 
Kentucky (1.8%)
Boyle County College, Centre College Project, Ser A, RB, 8.250%, 06/01/37, LOC: PNC Bank N.A.(a)
    24,000       24,000  
Louisville Regional Airport Authority Special Facilities, BT-OH LLC Project, Ser A, RB, AMT, 4.750%, 11/01/36(a)
    8,600       8,600  
                 
              32,600  
                 
Louisiana (0.7%)
East Baton Rouge Parish Industrial Development Board, Inc., RB, 7.250%, 02/01/28, LOC: Bank of America N.A.(a)
    13,600       13,600  
                 
Maryland (2.3%)
Maryland State Economic Development Corp., YMCA of Central Maryland, Inc. Project, RB, 8.050%, 04/01/28, LOC: Branch Banking & Trust Co.(a)
    3,300       3,300  
 
See Notes to Financial Statements.


103


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Tax-Exempt Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Maryland—continued
                 
Maryland State Health & Higher Education Facilities Authority, Howard County General Hospital, RB, 8.190%, 07/01/46, LOC: PNC Bank N.A.(a)
    8,000       8,000  
Maryland State Health & Higher Education Facilities Authority, Johns Hopkins Health System, Ser A, RB, 8.190%, 05/15/27, LOC: PNC Bank N.A.(a)
    5,000       5,000  
Maryland State Health & Higher Education Facilities Authority, Mercy Medical Center, RB, 9.500%, 07/01/34, LOC: Bank of America N.A.(a)
    20,000       20,000  
Maryland State Health & Higher Education Facilities Authority, Upper Chesapeake Hospital, Ser B, RB, 8.000%, 01/01/43, LOC: Branch Banking & Trust Co.(a)
    6,090       6,090  
                 
              42,390  
                 
Massachusetts (2.1%)
Massachusetts School Building Authority, 1.600%, 11/06/08
    25,315       25,315  
Massachusetts School Building Authority, Ser A, 1.550%, 01/15/09, LOC: Bank of Nova Scotia
    13,385       13,385  
                 
              38,700  
                 
Michigan (2.5%)
Michigan State Building Authority, Ser 4, 1.600%, 11/06/08, LOC: Bank of New York
    24,365       24,365  
University of Michigan, Ser A, RB, 3.750%, 04/01/38(a)
    21,100       21,100  
                 
              45,465  
                 
Minnesota (5.8%)
Minneapolis & St. Paul Housing & Redevelopment Authority Health Care System, Ser B-2, RB, 8.250%, 11/15/34, LOC: Bank of New York(a)
    31,475       31,475  
Minneapolis & St. Paul Housing & Redevelopment Authority Health Care System, Ser C2, RB, 8.000%, 11/15/34, LOC: Wells Fargo Bank N.A.(a)
    22,175       22,175  
Minnesota State Higher Education Facilities Authority, William Mitchell, Ser 5-S, RB, 8.100%, 10/01/33, LOC: U.S. Bank N.A.(a)
    10,140       10,140  
Minnesota State, Ser A, GO, 5.000%, 06/01/09
    17,975       18,380  
Owatonna Hospital, RB, 6.500%, 08/01/14, LOC: Wells Fargo Bank N.A.(a)
    4,600       4,600  
Robbinsdale, North Memorial, Ser A-3, RB, 7.950%, 05/01/33, LOC: Wells Fargo Bank N.A.(a)
    9,500       9,500  
Rochester Health Care Center, Ser 92-C, RB, 1.500%, 10/07/08
    10,000       10,000  
                 
              106,270  
                 
Missouri (2.4%)
Missouri Development Finance Board, 1.550%, 10/21/08, LOC: U.S. Bank N.A.
    23,000       23,000  
Missouri Development Finance Board, 1.550%, 10/21/08, LOC: U.S. Bank N.A.
    20,968       20,968  
                 
              43,968  
                 
Nevada (1.8%)
Las Vegas Valley Water District, Ser 04-B, GO, 1.550%, 10/07/08, LOC: Lloyds TSB Bank PLC
    32,000       32,000  
                 
                 
 
See Notes to Financial Statements.


104


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Tax-Exempt Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
New York (1.4%)
Metropolitan Transportation Authority, Ser G, RB, 3.750%, 11/01/26, LOC: BNP Paribas(a)
    10,700       10,700  
New York City Transitional Finance Authority, Ser A, 6.000%, 08/15/17, Prerefunded 08/15/09 @ 101
    8,915       9,335  
New York, Ser J, GO, 5.125%, 05/15/29, Prerefunded 05/15/09 @ 101, MBIA
    5,665       5,842  
                 
              25,877  
                 
North Carolina (3.5%)
Guilford County Industrial Facilities & Pollution Control Financing, YMCA of Greensboro, Inc. Project, RB, 8.050%, 02/01/23, LOC: Branch Banking & Trust Co.(a)
    4,000       4,000  
North Carolina Capital Facilities Finance Agency, Aquarium Society Project, RB, 7.250%, 06/01/26, LOC: Bank of America N.A.(a)
    6,635       6,635  
North Carolina Capital Facilities Finance Agency, Educational Facilities, High Point University Project, RB, 8.050%, 12/01/29, LOC: Branch Banking & Trust Co.(a)
    6,100       6,100  
North Carolina Educational Facilities Finance Agency, Davidson College, Ser B, RB, 7.530%, 12/01/20(a)
    4,820       4,820  
North Carolina Medical Care Commission, Health Care Facilities, Deerfield Episcopal Retirement Community, Inc., Ser B, RB, 8.050%, 11/01/14, LOC: Branch Banking & Trust Co.(a)
    5,000       5,000  
North Carolina Medical Care Commission, Health Care Facilities, Friends Homes Project, RB, 7.500%, 09/01/33, LOC: Bank of America N.A.(a)
    6,370       6,370  
North Carolina Medical Care Commission, Health Care Facilities, Lutheran Services for the Aging Project, RB, 8.050%, 03/01/28, LOC: Branch Banking & Trust Co.(a)
    15,665       15,665  
North Carolina Medical Care Commission, Westcare Health Systems Obligation, Ser A, RB, 8.050%, 09/01/22, LOC: Branch Banking & Trust Co.(a)
    4,190       4,190  
North Carolina State, GO, 5.000%, 03/01/09
    10,320       10,446  
                 
              63,226  
                 
North Dakota (0.2%)
Grand Forks Hospital Facilities, United Hospital Obligation Group Project, RB, 5.750%, 12/01/16, LOC: LaSalle National Bank(a)
    3,000       3,000  
                 
Ohio (3.8%)
Cleveland-Cuyahoga County Port Authority, Carnegie/89th Garage Project, RB, 7.900%, 01/01/37, LOC: JPMorgan Chase Bank(a)
    15,000       15,000  
Evendale Industrial Development, SHV Real Estate, Inc., RB, 6.500%, 09/01/15, LOC: LaSalle Bank N.A.(a)
    7,100       7,100  
Hamilton County Health Care Facilities, Deaconess Long Term Care, Ser A, RB, 8.180%, 05/15/30, LOC: JPMorgan Chase Bank(a)
    5,985       5,985  
 
See Notes to Financial Statements.


105


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Tax-Exempt Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Ohio—continued
                 
Ohio State Higher Educational Facility Commission, University Hospitals Health System, Inc., Ser C, RB, 8.050%, 01/15/35, LOC: Wells Fargo Bank N.A.(a)
    9,300       9,300  
Ohio State University, Ser 03-C, 1.600%, 11/13/08
    3,000       3,000  
Ohio State Water Development Authority, RB, 1.800%, 12/04/08
    28,500       28,500  
                 
              68,885  
                 
Oregon (2.1%)
Klamath Falls Oregon Electric Revenue, RB, 5.750%, 01/01/13, Prerefunded 01/01/09 @ 102
    28,000       28,718  
Oregon State Facilities Authority, Peacehealth Bellevue WA, Ser C, RB, 8.050%, 05/01/47, LOC: Wells Fargo Bank N.A.(a)
    10,000       10,000  
                 
              38,718  
                 
Pennsylvania (5.0%)
Adams County Industrial Development Authority, Brethren Home Community Project, RB, 8.050%, 06/01/32, LOC: PNC Bank N.A.(a)
    7,800       7,800  
Allegheny County Industrial Development Authority Health Care, Vincentian Collaborative, Ser A, RB, 8.250%, 06/01/38, LOC: PNC Bank N.A.(a)
    4,300       4,300  
Beaver County Industrial Development Authority Pollution Control, Electric Co. Project, Ser B, RB, 8.000%, 07/15/21, LOC: Bank of Nova Scotia, AMT(a)
    8,500       8,500  
Delaware County Industrial Development Authority, Airport Facilities, United Parcel Service Project, RB, 4.000%, 12/01/15(a)
    3,500       3,500  
Doylestown Hospital Authority Revenue, Ser B, RB, 8.250%, 07/01/37, LOC: PNC Bank N.A.(a)
    11,700       11,700  
Luzerne County, Convention Center Authority, Hotel Room Rent Tax, Ser A, RB, 8.250%, 09/01/28, LOC: PNC Bank N.A.(a)
    2,485       2,485  
Philadelphia School District, SubSer D-1, GO, 4.900%, 09/01/21, LOC: State Aid Withholding(a)
    13,000       13,000  
Philadelphia School District, SubSer D-2, GO, 8.250%, 09/01/11, LOC: State Aid Withholding(a)
    4,550       4,550  
South Fork Municipal Authority, Conemaugh Health Systems, Ser A, RB, 9.000%, 07/01/28, LOC: PNC Bank N.A.(a)
    7,795       7,795  
Southeastern Transportation Authority, RB, 8.250%, 03/01/22, LOC: PNC Bank N.A.(a)
    27,300       27,300  
                 
              90,930  
                 
South Carolina (4.4%)
Beaufort County School District, BAN, GO, 1.650%, 04/10/09, Callable 11/03/08 @ 100, SCSDE
    21,465       21,465  
Greer Combined Utility System Revenue, Ser A 30, RB, 5.160%, 09/01/32, AMBAC(a)(b)
    19,490       19,490  
Lancaster County School District, Ser B, GO, 2.500%, 03/05/09, SCSDE
    7,130       7,159  
 
See Notes to Financial Statements.


106


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Tax-Exempt Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
South Carolina—continued
                 
South Carolina Educational Facilities Authority for Private Nonprofit Institutions, Claflin University, RB, 7.250%, 10/01/33, LOC: Bank of America N.A.(a)
    4,940       4,940  
South Carolina Educational Facilities Authority, Charleston Southern University Project, RB, 7.250%, 04/01/28, LOC: Bank of America N.A.(a)
    5,160       5,160  
South Carolina Jobs-Economic Development Authority, Hammond School Project, RB, 8.050%, 06/01/30, LOC: Wells Fargo Bank N.A.(a)
    3,860       3,860  
South Carolina Jobs-Economic Development Authority, USC Development Foundation Project, RB, 8.050%, 12/01/10, LOC: Branch Banking & Trust Co.(a)
    6,000       6,000  
South Carolina Jobs-Economic Development Authority, YMCA of Beaufort County Project, RB, 8.050%, 12/01/24, LOC: Branch Banking & Trust Co.(a)
    3,170       3,170  
South Carolina State, Capital Improvement, Ser A, GO, 5.000%, 01/01/09
    5,000       5,026  
University of South Carolina Development Foundation, RB, 8.050%, 12/01/10, LOC: Branch Banking & Trust Co.(a)
    3,970       3,970  
                 
              80,240  
                 
Tennessee (3.1%)
Blount County Public Building Authority, Local Government Public Improvement, Ser E-5-B, RB, 4.700%, 06/01/42, LOC: Branch Banking & Trust Co.(a)
    9,370       9,370  
Bristol Health & Educational Facilities Board, King College Project, RB, 7.250%, 05/01/21, LOC: Bank of America N.A.(a)
    7,400       7,400  
Chattanooga Industrial Development Board, Tennessee Aquarium Project, RB, 7.250%, 04/01/24, LOC: Bank of America N.A.(a)
    4,950       4,950  
Clarksville Public Building Authority, RB, 7.250%, 10/01/25, LOC: Bank of America N.A.(a)
    14,160       14,160  
Knox County Health Educational & Housing Facilities Board, Baptist Hospital System Project, RB, 6.000%, 04/01/27, LOC: LaSalle Bank N.A.(a)
    12,700       12,700  
Loudon Industrial Development Board, Pollution Control, A.E. Staley Manufacturing Co. Project, RB, 7.900%, 06/01/23, LOC: Wachovia Bank N.A.(a)(b)
    8,100       8,100  
                 
              56,680  
                 
Texas (7.9%)
Alamo Heights Higher Educational Facilities Corp., Higher Educational, University Incarnate, Ser A, RB, 7.250%, 04/01/19, LOC: JPMorgan Chase Bank(a)
    10,065       10,065  
Bell County Health Facility Development Corp., Buckner Retirement Services, Inc., RB, 5.250%, 11/15/28, Prerefunded 11/15/08 @ 101
    2,290       2,319  
Brazos Harbor Industrial Development Corp., Port Facilities, American Rice, Inc. Project, Ser A, RB, 5.150%, 12/01/25, LOC: HSBC Bank USA N.A.(a)
    13,300       13,300  
Dallas, GO, 5.000%, 02/15/09
    2,945       2,980  
 
See Notes to Financial Statements.


107


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Tax-Exempt Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Texas—continued
                 
Harris County Health Facilities Development Corp. Hospital, Baylor College Medicine, Ser B, 7.500%, 11/15/47, LOC: Northern Trust Co.(a)
    5,000       5,000  
Harris County Health Facilities Development Corp. Hospital, Baylor College Medicine, Ser B, 7.940%, 11/15/47, LOC: JPMorgan Chase Bank(a)
    16,700       16,700  
Harris County Health Facilities Development Corp., Methodist Hospital, Ser A, RB, 7.860%, 12/01/32(a)
    29,205       29,205  
Houston, Tax & Revenue Anticipation Notes, GO, 3.000%, 06/30/09
    15,000       15,137  
Lower Neches Valley Authority, Industrial Development Corp. Exempt Facilities, Mobil Oil Refining Corp. Project, RB, AMT, 3.750%, 04/01/29(a)
    10,300       10,300  
North Texas Tollway Authority, RB, 4.125%, 11/19/08, Callable 07/30/08 @ 100
    8,325       8,325  
North Texas Tollway Authority, RB, 8.200%, 01/01/40, LOC: Citibank N.A.(a)(b)
    5,000       5,000  
San Antonio Educational Facilities Corp., University of the Incarnate Word Project, RB, 7.500%, 12/01/27, LOC: JPMorgan Chase Bank(a)
    9,800       9,800  
Texas State, Tax & Revenue Anticipation Notes, 3.000%, 08/28/09
    15,000       15,183  
                 
              143,314  
                 
Utah (0.4%)
West Valley City, IDR, Johnson Matthey, Inc. Project, RB, 4.250%, 12/01/11, LOC: HSBC Bank USA N.A.(a)
    6,700       6,700  
                 
Virginia (3.9%)
Chesapeake Bay Bridge & Tunnel District, Ser A, RB, 8.050%, 05/28/21, LOC: Branch Banking & Trust Co.(a)
    8,700       8,700  
Fairfax County Industrial Development Authority, Ser 2008A-2, RB, 1.600%, 05/15/35, Inova Health System
    20,130       20,130  
Fairfax County Industrial Development Authority, Ser 2008B-2, RB, 1.600%, 05/15/26, Inova Health System
    12,955       12,955  
Henrico County Economic Development Authority, Residential Care Facility, Westminster Canterbury, Ser B, RB, 7.500%, 10/01/35, LOC: Branch Banking & Trust Co.(a)
    7,970       7,970  
Rockingham County Industrial Development Authority, Sunnyside Presbyterian Project, RB, 8.050%, 12/01/33, LOC: Branch Banking & Trust Co.(a)
    12,465       12,465  
Virginia Commonwealth University Health System Authority, Ser A, RB, 6.980%, 07/01/37, LOC: Branch Banking & Trust Co.(a)
    8,500       8,500  
                 
              70,720  
                 
Washington (2.9%)
Bremerton, Kitsap Regional Conference, RB, 7.270%, 12/01/28, LOC: Bank of America N.A.(a)
    5,105       5,105  
Snohomish County Housing Authority, Autumn Chase Apartments Project, RB, 7.250%, 07/01/36, LOC: Bank of America N.A.(a)
    4,605       4,605  
 
See Notes to Financial Statements.


108


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Tax-Exempt Money Market Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Washington—continued
                 
Washington Public Power Supply System, Nuclear Power Project No. 1, Ser 1A-1, RB, 7.900%, 07/01/17, LOC: Bank of America N.A.(a)
    2,955       2,955  
Washington Public Power Supply System, Nuclear Power Project No. 1, Ser 1A-3, RB, 7.900%, 07/01/17, LOC: Morgan Guaranty Trust(a)
    7,890       7,890  
Washington State Higher Educational Facilities Authority, Seattle Pacific University, RB, 7.250%, 10/01/30, LOC: U.S. Bank N.A.(a)
    19,000       19,000  
Washington State Housing Finance Commission, Nonprofit Housing, Rockwood Retirement Program, RB, 5.400%, 01/01/30, LOC: Wells Fargo Bank N.A.(a)
    13,775       13,775  
                 
              53,330  
                 
Wisconsin (1.6%)
Milwaukee Redevelopment Authority, Yankee Hill Apartments, RB, 8.000%, 09/01/25, LOC: Wells Fargo Bank N.A.(a)
    6,200       6,200  
Wisconsin State Health & Educational Facilities Authority, Gundersen Lutheran Medical Center, Inc., Ser B, RB, 8.000%, 05/01/33, LOC: Wells Fargo Bank N.A.(a)
    20,900       20,900  
Wisconsin State Health & Educational Facilities Authority, Wheaton Franciscan Services, Ser B, RB, 7.920%, 08/15/33, LOC: U.S. Bank N.A.(a)
    2,350       2,350  
                 
              29,450  
                 
Total Municipal Bonds
            1,734,088  
                 
Money Market Funds (1.8%)
Dreyfus Tax Exempt Cash Management Fund
    20,000,000       20,000  
Federated Tax-Free Obligations Fund
    217,748       218  
Goldman Sachs Financial Square Tax Free Money Market Fund
    13,259,099       13,259  
                 
Total Money Market Funds
            33,477  
                 
Total Investments (Cost $1,767,565)(c) — 97.2%
            1,767,565  
Other assets in excess of liabilities — 2.8%
            51,464  
                 
Net Assets — 100.0%
          $ 1,819,029  
                 
 
(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.
 
(b) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 5.7% of net assets as of September 30, 2008.
 
(c) Aggregate cost for federal income tax and financial reporting purposes is the same.
 
AMBAC
— Security guaranteed by American Municipal Bond Assurance Corporation
 
AMT
— Alternative Minimum Tax Paper
 
BAN
— Bond Anticipation Note
 
COP
— Certificate of Participation
 
FGIC
— Security guaranteed by Financial Guaranty Insurance Company
 
FSA
— Security guaranteed by Financial Security Assurance
 
GO
— General Obligation
 
IDR
— Industrial Development Revenue
 
LOC
— Letter of Credit
 
MBIA
— Security guaranteed by Municipal Bond Insurance Association
 
RB
— Revenue Bond
 
SCSDE
— Security guaranteed by South Carolina School Discount Enhancement
 
See Notes to Financial Statements.


109


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
U.S. Government Securities Money Market Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
U.S. Government Agencies (48.4%)
Fannie Mae (13.0%)
2.411%, 10/29/08(a)
    11,400       11,379  
2.336%, 11/10/08(a)
    25,000       24,935  
2.224%, 11/12/08(a)
    15,000       14,962  
2.555%, 11/26/08(a)
    22,500       22,411  
2.612%, 12/01/08(a)
    12,000       11,947  
2.530%, 12/03/08(a)
    17,500       17,423  
2.202%, 12/10/08(a)
    10,000       9,957  
2.668%, 12/22/08(a)
    31,200       31,012  
2.665%, 12/24/08(a)
    11,600       11,529  
3.495%, 12/26/08(a)
    5,720       5,674  
2.678%, 01/05/09
    15,000       14,894  
                 
              176,123  
                 
Farmer Mac (0.7%)
2.500%, 04/01/09, Callable 10/01/08 @ 100
    10,000       10,000  
                 
Federal Farm Credit Bank (2.8%)
4.250%, 10/10/08
    13,325       13,330  
3.239%, 11/26/08(b)
    17,500       17,500  
3.659%, 07/28/09(b)
    8,000       8,000  
                 
              38,830  
                 
Federal Home Loan Bank (18.7%)
4.375%, 10/03/08
    4,840       4,840  
4.625%, 10/10/08
    17,785       17,785  
2.363%, 10/14/08(a)
    37,700       37,667  
4.375%, 10/29/08
    10,900       10,900  
2.581%, 11/04/08(b)
    14,700       14,700  
2.358%, 11/12/08(a)
    23,000       22,937  
2.692%, 01/07/09(a)
    11,400       11,318  
2.589%, 01/08/09(b)
    35,000       34,994  
2.768%, 01/09/09(a)
    10,000       9,924  
2.500%, 01/22/09
    17,500       17,507  
2.747%, 02/25/09(a)
    10,000       9,889  
2.873%, 03/02/09(a)
    14,000       13,833  
2.480%, 05/07/09
    5,800       5,794  
2.650%, 06/04/09
    5,825       5,819  
3.000%, 06/24/09
    5,800       5,798  
3.000%, 06/30/09
    5,800       5,798  
2.733%, 02/10/10(b)
    26,200       26,197  
                 
              255,700  
                 
Freddie Mac (13.2%)
2.150%, 10/14/08(a)
    12,740       12,730  
2.490%, 11/24/08(a)
    22,800       22,715  
2.587%, 12/01/08(a)
    22,500       22,402  
2.427%, 12/22/08(a)
    25,000       24,863  
2.742%, 01/06/09(a)
    25,000       24,817  
2.323%, 02/11/09(a)
    10,000       9,915  
2.680%, 02/13/09
    25,000       25,000  
2.388%, 03/09/09(a)
    10,000       9,896  
2.550%, 04/21/09, Callable 10/21/08 @ 100
    14,870       14,870  
2.625%, 06/12/09, Callable 11/16/08 @ 100
    7,740       7,739  
2.800%, 06/29/09, Callable 12/04/08 @ 100
    5,000       5,000  
                 
              179,947  
                 
Total U.S. Government Agencies
            660,600  
                 
Repurchase Agreements (42.8%)
ABN AMRO Bank N.V., 1.315%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $136,357 (collateralized by FNMA; 5.000%, due 02/01/36; total market value $139,078)
    136,352       136,352  
Banc of America Securities, 1.465%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $149,744 (collateralized by FHLB; 2.500%, due 01/22/09; total market value $152,737)
    149,737       149,737  
BNP Paribas, 1.715%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $69,263 (collateralized by FNMA; 6.625%, due 11/15/30; total market value $70,645)
    69,259       69,259  
Deutsche Bank, 1.965%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $34,936 (collateralized by U.S. Government Agencies; DN-4.875%, due 10/31/08-05/17/17; total market value $35,634)
    34,934       34,934  
 
See Notes to Financial Statements.


110


 

                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Repurchase Agreements—continued
                 
HSBC Securities, Inc., 1.715%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $121,993 (collateralized by U.S. Government Agencies; DN, due 10/07/08-08/07/09; total market value $124,433)
    121,989       121,989  
UBS Warburg LLC, 1.065%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $71,307 (collateralized by U.S. Government Agencies; DN-9.375%, due 01/15/19-01/15/21; total market value $72,733)
    71,306       71,306  
                 
Total Repurchase Agreements
            583,577  
                 
Money Market Funds (8.8%)
Federated Government Obligations Money Market Fund
    60,000,000       60,000  
Federated Government Obligations Tax-Managed Fund
    60,000,000       60,000  
                 
Total Money Market Funds
            120,000  
                 
Total Investments
(Cost $1,364,177)(c) — 100.0%
            1,364,177  
Other assets in excess of liabilities — 0.0%
            642  
                 
Net Assets — 100.0%
          $ 1,364,819  
                 
 
(a) Rate represents the effective yield at purchase.
 
(b) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.
 
(c) Aggregate cost for federal income tax and financial reporting purposes is the same.
 
DN
— Discount Note
 
FHLB
— Federal Home Loan Bank
 
FNMA
— Federal National Mortgage Association
 
See Notes to Financial Statements.


111


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
U.S. Treasury Money Market Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
U.S. Treasury Obligations (15.1%)
U.S. Treasury Bills(a) (15.1%)
2.087%, 11/06/08
    48,750       48,664  
2.308%, 11/20/08
    13,000       12,959  
2.224%, 12/18/08
    23,000       22,890  
1.153%, 01/08/09
    50,000       49,845  
1.368%, 03/05/09
    20,000       19,883  
1.613%, 03/19/09
    34,000       33,744  
1.725%, 03/26/09
    60,000       59,525  
2.135%, 06/04/09
    28,000       27,557  
                 
Total U.S. Treasury Obligations
            275,067  
                 
Repurchase Agreements (81.3%)
ABN AMRO Bank N.V., 0.050%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $298,230 (collateralized by U.S. Treasury Obligations; 2.375%-3.625%, due 01/15/27-04/15/28; total market value $300,947)
    298,230       298,230  
Bank of America Securities, 0.050%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $198,944 (collateralized by U.S. Treasury Obligations; 3.500%-5.000%, due 08/31/09-05/15/37; total market value $200,666)
    198,943       198,943  
BNP Paribas, 0.250%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $302,489 (collateralized by U.S. Treasury Obligations; DN-8.000%, due 11/28/08-05/15/38; total market value $306,046)
    302,488       302,488  
Deutsche Bank AG, 0.500%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $1,019 (collateralized by U.S. Treasury Obligation; 1.750%, due 01/15/28; total market value $1,035)
    1,018       1,018  
Dresdner Bank AG, 0.200%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $130,158 (collateralized by U.S. Treasury Obligations; DN-3.875%, due 10/31/12-01/15/17; total market value $132,762)
    130,157       130,157  
Greenwich Capital Markets, Inc., 0.100%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $204,146 (collateralized by U.S. Treasury Obligation; 4.750%, due 05/31/12; total market value $208,232)
    204,146       204,146  
HSBC Securities, Inc., 0.200%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $294,837 (collateralized by U.S. Treasury Obligations; DN-4.250%, due 01/15/10-01/15/26; total market value $300,736)
    294,835       294,835  
JPMorgan Chase & Co., 0.100%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $50,000 (collateralized by U.S. Treasury Obligation; 4.250%-4.500%, due 02/15/09-08/15/13; total market value $51,001)
    50,000       50,000  
UBS Warburg LLC, 0.100%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $2,717 (collateralized by U.S. Treasury Obligation; 7.625%, due 02/15/25; total market value $2,773)
    2,717       2,717  
                 
Total Repurchase Agreements
            1,482,534  
                 
                 
 
See Notes to Financial Statements.


112


 

                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Money Market Fund (3.7%)
Federated Treasury Obligations Fund
    68,215,016       68,215  
                 
Total Money Market Fund
            68,215  
                 
Total Investments (Cost $1,825,816) (b) — 100.1%
            1,825,816  
Liabilities in excess of other assets — (0.1)%
            (1,859 )
                 
Net Assets — 100.0%
          $ 1,823,957  
                 
 
 
(a) Rate represents the effective yield at purchase.
 
(b) Aggregate cost for federal income tax and financial reporting purposes is the same.
 
DN
— Discount Note
 
See Notes to Financial Statements.


113


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Virginia Tax-Free Money Market Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Municipal Bonds (88.6%)
Virginia (88.6%)
Albemarle County Industrial Development Authority, University of Virginia Health Services Project, RB, 7.530%, 10/01/22, LOC: Wachovia Bank N.A.(a)
    330       330  
Alexandria Industrial Development Authority, Educational Facilities, Alexandria County Day School Project, RB, 8.250%, 06/01/25, LOC: First Union National Bank(a)
    3,800       3,800  
Alexandria Industrial Development Authority, Pooled Loan Program, Ser A, RB, 7.250%, 07/01/26, LOC: Bank of America N.A.(a)
    2,900       2,900  
Arlington County, Ballston Public Parking Project, RB, 7.000%, 08/01/17, LOC: Citibank N.A.(a)
    6,000       6,000  
Charlottesville Industrial Development Authority, Educational Facilities, University of Virginia Foundation Projects, Ser A, RB, 7.400%, 12/01/37, LOC: Wachovia Bank N.A.(a)
    1,260       1,260  
Charlottesville Industrial Development Authority, Seminole, Ser A, RB, 8.050%, 12/01/13, Callable 12/01/08 @ 100, LOC: Branch Banking & Trust Co.(a)
    3,220       3,220  
Chesterfield County Health Center Commission, Residential Care Facilities, Lucy Corr Village, Ser B, RB, 8.050%, 12/01/12, LOC: Branch Banking & Trust Co.(a)
    3,200       3,200  
Clarke County Industrial Development Authority, Educational Facilities, Powhatan School District Project, RB, 8.050%, 09/01/22, LOC: Branch Banking & Trust Co.(a)
    1,310       1,310  
Fairfax County Economic Development Authority, Public Broadcasting Services Project, RB, 7.200%, 07/01/40, LOC: Bank of America N.A.(a)
    19,500       19,500  
Fairfax County Industrial Development Authority, Fairfax Hospital, Ser D, RB, 7.500%, 10/01/25, LIQ FAC: Inova Health System(a)
    1,675       1,675  
Fairfax County Industrial Development Authority, Ser 2008B-2, RB, 1.600%, 05/15/26, LIQ FAC: Inova Health System
    2,000       2,000  
Fairfax County Industrial Development Authority, Ser 2008C-4, RB, 1.600%, 04/15/35, LIQ FAC: Inova Health System
    5,000       5,000  
Fairfax County Redevelopment & Housing Authority, Affordable Housing, Ser B, RB, BAN, 3.625%, 10/09/08, County Guaranteed
    15,000       15,001  
Fairfax County Water Authority, Municipal Trade Receipts Project, Ser SGB-40A, RB, 8.220%, 04/01/30, LOC: Societe Generale(a)(b)
    7,850       7,850  
Fairfax County, Ser A, GO, 4.500%, 04/01/09
    11,730       11,894  
Fairfax County, Ser A, GO, 5.000%, 10/01/09
    4,630       4,786  
Fairfax County, Ser B, GO, 5.000%, 10/01/09
    4,680       4,838  
Fauquier County Industrial Development Authority, Wakefield School, Inc., RB, 8.210%, 04/01/38, LOC: PNC Bank N.A.(a)
    9,000       9,000  
Greene County Industrial Development Authority, Blue Ridge School Project, RB, 8.050%, 06/01/26, LOC: Branch Banking & Trust Co.(a)
    5,260       5,260  
 
See Notes to Financial Statements.


114


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Virginia Tax-Free Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Virginia—continued
                 
Hampton Redevelopment & Housing Authority, Multifamily Housing, Shoreline Apartments Project, RB, 8.100%, 12/01/19, FHLMC(a)
    2,170       2,170  
Hanover County Industrial Development Authority, Residential Care Facility, Covenant Woods Project, RB, 8.050%, 07/01/29, LOC: Branch Banking & Trust Co.(a)(b)
    15,700       15,700  
Harrisonburg Redevelopment & Housing Authority, Multifamily Housing, Stoney Ridge/Dale Forest, RB, 8.750%, 08/01/32, FHLMC(a)
    5,810       5,810  
Henrico County Economic Development Authority, Exempt Facility, White Oak Limited Project, RB, AMT, 8.230%, 10/01/27, LOC: Citibank N.A.(a)
    13,100       13,100  
Henrico County Economic Development Authority, Residential Care Facility, Westminster Canterbury, RB, 8.050%, 10/01/37, LOC: Branch Banking & Trust Co.(a)
    8,400       8,400  
Henrico County Economic Development Authority, Residential Care Facility, Westminster Canterbury, Ser B, RB, 7.500%, 10/01/35, LOC: Branch Banking & Trust Co.(a)
    7,000       7,000  
Henrico County Economic Development Authority, Steward School Project, RB, 8.050%, 07/01/33, LOC: Branch Banking & Trust Co.(a)
    2,400       2,400  
King George County Industrial Development Authority, Exempt Facility, Birchwood Power Partners, Ser B, RB, AMT, 7.050%, 12/01/24, LOC: Bank of Nova Scotia(a)
    8,250       8,250  
Loudoun County Industrial Development Authority, Day School, Inc., RB, 8.210%, 03/01/38, LOC: PNC Bank N.A.(a)
    15,985       15,985  
Loudoun County Industrial Development Authority, Howard Hughes Medical Institute Project, Ser A, RB, 7.850%, 02/15/38(a)
    13,040       13,040  
Loudoun County Industrial Development Authority, Howard Hughes Medical Institute Project, Ser D, RB, 7.200%, 02/15/38(a)
    26,550       26,550  
Loudoun County Industrial Development Authority, Howard Hughes Medical Institute Project, Ser E, RB, 7.770%, 02/15/38(a)
    16,805       16,805  
Loudoun County Industrial Development Authority, Howard Hughes Medical Institute Project, Ser F, RB, 7.770%, 02/15/38(a)
    6,100       6,100  
Loudoun County Industrial Development Authority, Howard Hughes Medical Institute Project, Ser B, RB, 7.850%, 02/15/38(a)
    26,405       26,405  
Loudoun County Industrial Development Authority, Howard Hughes Medical Institute Project, Ser C, RB, 7.200%, 02/15/38(a)
    3,300       3,300  
Loudoun County, Ser A, GO, 5.000%, 05/01/09
    2,000       2,040  
Louisa County Industrial Development Authority, Pooled Financing Project, RB, 7.250%, 01/01/20, LOC: Bank of America N.A.(a)(b)
    800       800  
Lynchburg Industrial Development Authority, Aerofin Corp. Project, RB, AMT, 8.400%, 03/01/29, LOC: PNC Bank N.A.(a)
    2,075       2,075  
 
See Notes to Financial Statements.


115


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Virginia Tax-Free Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Virginia—continued
                 
Newport News Industrial Development Authority, CNU Warwick LLC Student Housing Project, RB, 7.250%, 11/01/28, LOC: Bank of America N.A.(a)
    8,880       8,880  
Newport News Redevelopment & Housing Authority, Multifamily Housing, Springhouse Apartments Project, RB, 8.100%, 09/01/26, FHLMC(a)
    2,260       2,260  
Newport News, Ser A, GO, 5.000%, 06/01/09
    1,630       1,666  
Norfolk Redevelopment & Housing Authority, Student Housing I LLC Project, Ser E2F, RB, 7.250%, 07/01/34, LOC: Bank of America N.A.(a)
    8,470       8,470  
Peninsula Ports Authority Coal Terminal, Dominion Terminal Project, Ser 87-A, RB, 1.450%, 10/20/08
    9,000       9,000  
Peninsula Ports Authority Coal Terminal, Dominion Terminal Project, Ser C, RB, 5.000%, 07/01/16, LOC: Citibank N.A.(a)
    2,660       2,660  
Peninsula Ports Authority Coal Terminal, Dominion Terminal Project, Ser D, RB, 4.250%, 07/01/16, LOC: U.S. Bank N.A.(a)
    5,300       5,300  
Peninsula Ports Authority, Riverside Health Systems Project, RB, 7.750%, 07/01/37(a)
    17,200       17,200  
Pulaski County Industrial Development Authority, Pulaski Furniture Corp. Project, RB, 7.250%, 08/01/19, LOC: Bank of America N.A.(a)(b)
    7,425       7,425  
Roanoke, GO, 6.000%, 10/01/19, Prerefunded 10/01/09 @ 102
    4,810       5,116  
Suffolk Economic Development Authority, Hospital Facilities, Ser II-R 10329, RB, 5.440%, 11/01/35, Callable 05/01/10 @ 100, LOC: Citigroup Financial Product(a)
    3,500       3,500  
Tazewell County Industrial Development Authority, Jennmar Corp. of Virginia, Inc., RB, AMT, 8.400%, 02/01/17, LOC: PNC Bank N.A.(a)
    5,250       5,250  
University of Virginia, Ser A, RB, 7.700%, 06/01/34(a)
    27,940       27,941  
Virginia Beach Development Authority, Ocean Ranch Project, RB, 8.050%, 07/01/17, LOC: Branch Banking & Trust Co.(a)(b)
    1,630       1,630  
Virginia Beach Development Authority, Wesleyan College Project, RB, 7.250%, 07/01/33, LOC: Bank of America N.A.(a)
    14,265       14,265  
Virginia College Building Authority, Educational Facilities, 21st Century College & Equipment, RB, 5.000%, 02/01/09
    5,420       5,478  
Virginia College Building Authority, Educational Facilities, 21st Century College & Equipment, RB, 5.000%, 02/01/09
    3,005       3,036  
Virginia Commonwealth Transportation Board, Federal Highway Reimbursement Anticipation Note, RB, 3.250%, 10/01/08
    1,000       1,000  
Virginia Commonwealth Transportation Board, Federal Highway Reimbursement Notes, RB, 5.000%, 10/01/09
    4,000       4,134  
Virginia Commonwealth Transportation Board, Ser II-R 10076, RB, 4.000%, 05/15/19, Callable 05/15/09 @ 101, LOC: Citibank N.A.(a)(b)
    11,085       11,085  
Virginia Commonwealth Transportation Board, Ser SG 134, RB, 8.020%, 05/15/22, Callable 05/15/09 @ 101, LOC: Societe Generale(a)(b)
    10,235       10,235  
 
See Notes to Financial Statements.


116


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Virginia Tax-Free Money Market Fund — concluded
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Virginia—continued
                 
Virginia Commonwealth University Health System Authority, Ser A, RB, 6.980%, 07/01/37, LOC: Branch Banking & Trust Co.(a)
    15,000       15,000  
Virginia Commonwealth University Health System Authority, Ser B, RB, 4.700%, 07/01/37, LOC: Branch Banking & Trust Co.(a)
    10,500       10,500  
Virginia Commonwealth University Health System Authority, Ser C, RB, 5.250%, 07/01/37, LOC: Branch Banking & Trust Co.(a)
    10,000       10,000  
Virginia Housing Development Authority, Commonwealth Mortgage, Ser C07, RB, AMT, 4.100%, 07/01/17, GO of Authority(a)(b)
    4,845       4,845  
Virginia State Public Building Authority, Public Facilities, RB, 5.000%, 08/01/09
    12,505       12,861  
Virginia State Public Building Authority, Public Facilities, Ser B, RB, 5.000%, 08/01/09
    4,580       4,710  
Virginia State Public Building Authority, Public Facilities, Ser B, RB, 5.000%, 08/01/09
    1,200       1,234  
Virginia State Public School Authority, 1997 Resolution, Ser B, RB, 5.000%, 08/01/09
    7,440       7,650  
Virginia State Public School Authority, 1997 Resolution, Ser B, RB, 5.000%, 08/01/09
    1,465       1,505  
Virginia State Public School Authority, 1997 Resolution, Ser B, RB, 5.500%, 08/01/09
    6,640       6,856  
Virginia State Public School Authority, Ser II-R 4050, RB, 5.010%, 08/01/17, Callable 08/01/13 @ 100(a)(b)
    1,040       1,040  
Virginia State Public School Authority, Ser II-R-6131, RB, 4.350%, 08/01/20, Callable 08/01/15 @ 100, LOC: Citigroup Financial Product(a)(b)
    20,930       20,930  
Virginia State Public School Authority, Ser VII, RB, 5.000%, 04/15/09
    2,885       2,935  
Virginia State Resource Authority, Clean Water, Sub-State Revolving Fund, RB, 5.000%, 10/01/08
    5,000       5,000  
Williamsburg Industrial Development Authority, Colonial Williamsburg Foundation, RB, 7.250%, 12/01/18, LOC: Bank of America N.A.(a)(b)
    250       250  
Winchester Industrial Development Authority, Residential Care Facilities, Westminster-Canterbury, Ser B, RB, 8.050%, 01/01/35, LOC: Branch Banking & Trust Co.(a)
    1,900       1,900  
                 
Total Municipal Bonds
            547,501  
                 
Money Market Funds (2.9%)
Dreyfus Tax-Exempt Money Market Fund
    1,226,213       1,226  
Federated Virginia Municipal Cash Trust, Institutional Class
    16,613,001       16,613  
                 
Total Money Market Funds
            17,839  
                 
Total Investments (Cost $565,340)(c) — 91.5%
            565,340  
Other assets in excess of liabilities — 8.5%
            52,446  
                 
Net Assets — 100.0%
          $ 617,786  
                 
 
 
(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.
 
(b) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 13.2% of net assets as of September 30, 2008.
 
(c) Aggregate cost for federal income tax and financial reporting purposes is the same.
 
AMT
— Alternative Minimum Tax Paper
 
BAN
— Bond Anticipation Note
 
FHLMC
— Security guaranteed by Federal Home Loan Mortgage Corporation
 
GO
— General Obligation
 
LIQ FAC
— Liquid Facilities
 
LOC
— Letter of Credit
 
RB
— Revenue Bond
 
See Notes to Financial Statements.


117


 

 
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except per share amounts)
(Unaudited)
 
                                                         
        High
              Investment
   
    Georgia
  Grade
          Investment
  Grade
   
    Tax-Exempt
  Municipal
  High
  Intermediate
  Grade
  Tax-Exempt
  Limited
    Bond
  Bond
  Income
  Bond
  Bond
  Bond
  Duration
    Fund   Fund   Fund   Fund   Fund   Fund   Fund
 
Assets:
                                                       
Total Investments, at Cost
  $ 192,108     $ 94,200     $ 50,780     $ 1,187,907     $ 548,030     $ 725,425     $ 44,837  
                                                         
Investments, at Value*
  $ 183,103     $ 90,067     $ 44,616     $ 1,104,205     $ 493,721     $ 699,455     $ 22,612  
Investments in Affiliates, at Value and Cost
                1,691       67,680       42,901             21,594  
                                                         
Total Investments
    183,103       90,067       46,307       1,171,885       536,622       699,455       44,206  
                                                         
Interest and Dividends Receivable
    2,429       1,153       1,230       9,905       4,704       8,211       79  
Receivable for Capital Shares Issued
    340       43       218       757       1,888       1,399       58  
Receivable for Investment Securities Sold
    5,907       2,736       1,538       7,651       2,210       9,889        
Appreciated Credit Default Swap Agreements, at Value (Cost $—, $—, $—, $17, $8, $—, and $—)
                      399       341              
Appreciated Interest Rate Swap Agreements, at Value (Cost $—, $—, $—, $—, $—, $—, and $—)
                      1,204       565              
Unrealized Appreciation on Forward Foreign Currency Exchange Contracts
                      1,140       545              
Receivable from Adviser
                1                          
Prepaid Expenses
    5       10       7       8       19       19       6  
                                                         
Total Assets
    191,784       94,009       49,301       1,192,949       546,894       718,973       44,349  
                                                         
Liabilities:
                                                       
Income Distributions Payable
    583       332       328       2,839       1,340       1,982       90  
Payable for Investment Securities Purchased
    8,944             1,061       69,327       35,960       24,298       2,071  
Payable for Capital Shares Redeemed
          214       228       421       766       831        
Depreciated Credit Default Swap Agreements, at Value (Proceeds $—, $—, $2, $—, $—, $— and $— )
                65       132       50              
Depreciated Interest Rate Swap Agreements, at Value (Proceeds $—, $—, $—, $—, $—, $— and $— )
                      11       5              
Unrealized Depreciation on Forward Foreign Currency Contracts
                      1,255       600              
Payable for Collateral Received on Securities Loaned
                2,198       258,953       105,846              
Investment Advisory Fees Payable
    85       50       24       175       168       285       3  
Administration, Fund Accounting and Transfer Agency Fees Payable
    1       1             8       4       12       1  
Compliance Services Fees Payable
                      1                    
Distribution and Service Fees Payable
    4       4       16             9       8        
Custodian Fees Payable
    8       10       11       14       9       12       2  
Trustee Fees Payable
                      6       3       1       1  
Accrued Expenses
    12       6       7       50       36       27       7  
                                                         
Total Liabilities
    9,637       617       3,938       333,192       144,796       27,456       2,175  
                                                         
Net Assets
  $ 182,147     $ 93,392     $ 45,363     $ 859,757     $ 402,098     $ 691,517     $ 42,174  
                                                         
Net Assets Consist of:
                                                       
Capital
  $ 193,089     $ 97,834     $ 55,152     $ 865,513     $ 422,027     $ 710,077     $ 43,384  
Accumulated Net Investment Income (Loss)
    190       (7 )     (5 )     2,478       1,385       (154 )     39  
Accumulated Net Realized Gain (Loss) from Investment, Swap and Foreign Currency Transactions
    (2,127 )     (302 )     (5,248 )     6,460       (10,694 )     7,564       (618 )
Net Unrealized Depreciation on Investments, Swaps and Foreign Currencies
    (9,005 )     (4,133 )     (4,536 )     (14,694 )     (10,620 )     (25,970 )     (631 )
                                                         
Net Assets
  $ 182,147     $ 93,392     $ 45,363     $ 859,757     $ 402,098     $ 691,517     $ 42,174  
                                                         
Net Assets:
                                                       
I Shares
  $ 173,982     $ 87,260     $ 26,961     $ 859,080     $ 381,960     $ 674,910     $ 42,174  
A Shares
    3,948       1,926       1,219       600       13,370       11,168       N/A  
C Shares
    4,217       4,206       17,183       77       6,768       5,439       N/A  
Shares Outstanding (unlimited number of shares authorized, no par value):
                                                       
I Shares
    18,339       8,477       4,586       85,760       36,824       60,441       4,335  
A Shares
    416       187       207       60       1,289       999       N/A  
C Shares
    444       408       2,922       8       652       488       N/A  
Net Asset Value and Redemption Price Per Share:(a)
                                                       
I Shares
  $ 9.49     $ 10.29     $ 5.88     $ 10.02     $ 10.37     $ 11.17     $ 9.73  
A Shares
    9.50       10.30       5.88       10.01       10.37       11.18       N/A  
C Shares(b)
    9.50       10.32       5.88       10.02       10.38       11.16       N/A  
Offering Price per Share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent):
                                                       
I Shares
  $ 9.49     $ 10.29     $ 5.88     $ 10.02     $ 10.37     $ 11.17     $ 9.73  
A Shares
    9.97       10.81       6.17       10.51       10.89       11.74       N/A  
C Shares
    9.50       10.32       5.88       10.02       10.38       11.16       N/A  
Maximum Sales Charge — A Shares
    4.75 %     4.75 %     4.75 %     4.75 %     4.75 %     4.75 %     N/A  
 
Amounts designated as “— ” are $0 or have been rounded to $0.
 
* Investments include securities on loan of $—; $—; $2,125; $254,315; $103,871; $— and $—, respectively.
 
(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.
 
See Notes to Financial Statements.


118


 

 
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except per share amounts)
(Unaudited)
 
                                                         
                Seix
           
    Limited-Term
      North
  Floating
           
    Federal
  Maryland
  Carolina
  Rate
  Seix
  Seix
   
    Mortgage
  Municipal
  Tax-Exempt
  High
  Global
  High
  Short-Term
    Securities
  Bond
  Bond
  Income
  Strategy
  Yield
  Bond
    Fund   Fund   Fund   Fund   Fund   Fund   Fund
 
Assets:
                                                       
Total Investments, at Cost
  $ 67,797     $ 39,827     $ 45,742     $ 572,592     $ 4,534     $ 806,343     $ 485,864  
                                                         
Investments, at Value*
  $ 63,805     $ 38,505     $ 43,387     $ 490,636     $ 4,534     $ 717,908     $ 455,334  
Investments in Affiliates, at Value and Cost
    4,437                   33,065             20,927       14,104  
                                                         
Total Investments
    68,242       38,505       43,387       523,701       4,534       738,835       469,438  
                                                         
Cash
                      113                    
Segregated Cash at Broker for Futures Contracts
                                        1,277  
Interest and Dividends Receivable
    284       451       680       2,907       4       18,026       3,392  
Receivable for Capital Shares Issued
    116       13       1       2,210             4,425       602  
Receivable for Investment Securities Sold
    980       1,055       479       74,691             9,077       36,595  
Appreciated Credit Default Swap Agreements, at Value (Cost $—, $—, $—, $—, $—, $— and $—)
                                        546  
Appreciated Interest Rate Swap Agreements, at Value (Cost $—, $—, $—, $—, $—, $— and $—)
                            44              
Unrealized Appreciation on Forward Foreign Currency Exchange Contracts
                            36              
Unrealized Appreciation on Futures Contracts
                                        12  
Receivable from Adviser
                            6       1        
Prepaid Expenses
    13       2       7       36             16       22  
                                                         
Total Assets
    69,635       40,026       44,554       603,658       4,624       770,380       511,884  
                                                         
Liabilities:
                                                       
Payable for Fund Overdraft
                                        36  
Income Distributions Payable
    274       118       139       2,907       2       5,275       1,394  
Payable for Investment Securities Purchased
    4,941       1,001             55,619             6,597       54,956  
Payable for Investment Securities Sold Short, at Value (Proceeds $—, $—, $—, $—, $—, $— and $16,137)
                                        15,955  
Payable for Capital Shares Redeemed
    228                   688             448       6,154  
Depreciated Interest Rate Swap Agreements, at Value (Cost $—, $—, $—, $—, $—, $— and $—)
                            6              
Depreciated Credit Default Swap Agreements, at Value (Proceeds $—, $—, $—, $6, $—, $— and $— )
                      11       4             1,291  
Unrealized Depreciation on Unfunded Transactions
                      2,520             750        
Unrealized Depreciation on Forward Foreign Currency Contracts
                            42              
Unrealized Depreciation on Futures Contracts
                                        34  
Payable for Collateral Received on Securities Loaned
                                  42,572       40,316  
Investment Advisory Fees Payable
    29       18       21       217       2       276       132  
Administration, Fund Accounting and Transfer Agency Fees Payable
    3       1             20       1       11       5  
Compliance Services Fees Payable
                      1                    
Distribution and Service Fees Payable
    8       5             2             7       3  
Custodian Fees Payable
    6       1       2       57       2       34       14  
Trustee Fees Payable
    2                   6             4       3  
Accrued Expenses
    19       4       4       104       3       58       28  
                                                         
Total Liabilities
    5,510       1,148       166       62,152       62       56,032       120,321  
                                                         
Net Assets
  $ 64,125     $ 38,878     $ 44,388     $ 541,506     $ 4,562     $ 714,348     $ 391,563  
                                                         
Net Assets Consist of:
                                                       
Capital
  $ 84,960     $ 40,326     $ 47,650     $ 634,485     $ 4,544     $ 869,298     $ 416,439  
Accumulated Net Investment Income (Loss)
    (95 )     (41 )     (63 )     9       2       (559 )     41  
Accumulated Net Realized Loss from Investment, Swap, Futures and Foreign Currency Transactions
    (21,185 )     (85 )     (844 )     (41,572 )     (12 )     (86,133 )     (7,906 )
Net Unrealized Appreciation/Depreciation on Investments, Swaps, Futures and Foreign Currencies
    445       (1,322 )     (2,355 )     (51,416 )     28       (68,258 )     (17,011 )
                                                         
Net Assets
  $ 64,125     $ 38,878     $ 44,388     $ 541,506     $ 4,562     $ 714,348     $ 391,563  
                                                         
Net Assets:
                                                       
I Shares
  $ 53,070     $ 33,252     $ 43,804     $ 534,752     $ 4,562     $ 693,331     $ 385,077  
A Shares
    2,082       44       584       6,481       N/A       17,617       3,421  
C Shares
    8,973       5,582       N/A       273       N/A       3,400       3,065  
Shares Outstanding (unlimited number of shares authorized, no par value):
                                                       
I Shares
    5,419       3,447       4,726       61,688       455       77,211       40,648  
A Shares
    213       5       63       747       N/A       2,007       360  
C Shares
    916       577       N/A       32       N/A       379       323  
Net Asset Value and Redemption Price Per Share:(a)
                                                       
I Shares
  $ 9.80     $ 9.65     $ 9.27     $ 8.67     $ 10.03     $ 8.98     $ 9.47  
A Shares
    9.78       9.66       9.25       8.67       N/A       8.78       9.50  
C Shares(b)
    9.80       9.67       N/A       8.67       N/A       8.98       9.50  
Offering Price per Share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent):
                                                       
I Shares
  $ 9.80     $ 9.65     $ 9.27     $ 8.67     $ 10.03     $ 8.98     $ 9.47  
A Shares
    10.03       10.14       9.71       8.89       N/A       9.22       9.74  
C Shares
    9.80       9.67       N/A       8.67       N/A       8.98       9.50  
Maximum Sales Charge — A Shares
    2.50 %     4.75 %     4.75 %     2.50 %     4.75 %     4.75 %     2.50 %
 
Amounts designated as “— ” are $0 or have been rounded to $0.
 
* Investments include securities on loan of $—; $—; $—; $—; $—, $41,495 and $39,661, respectively.
 
(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.
 
See Notes to Financial Statements.


119


 

 
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS   September 30, 2008  (Amounts in thousands, except per share amounts)
(Unaudited)
 
                                                         
                        U.S.
   
    Short-Term
                  Government
   
    U.S.
      Total
      U.S.
  Securities
  Virginia
    Treasury
  Strategic
  Return
  Ultra-Short
  Government
  Ultra-Short
  Intermediate
    Securities
  Income
  Bond
  Bond
  Securities
  Bond
  Municipal
    Fund   Fund   Fund   Fund   Fund   Fund   Bond Fund
 
Assets:
                                                       
Total Investments, at Cost
  $ 108,972     $ 95,601     $ 682,473     $ 83,400     $ 715,964     $ 86,513     $ 207,786  
                                                         
Investments, at Value*
  $ 110,193     $ 93,356     $ 632,871     $ 77,541     $ 709,076     $ 85,679     $ 205,529  
Investments in Affiliates, at Value and Cost
                38,310       2,959       16,271       1,000        
                                                         
Total Investments
    110,193       93,356       671,181       80,500       725,347       86,679       205,529  
                                                         
Interest and Dividends Receivable
    425       1,027       4,966       425       5,328       389       2,776  
Receivable for Capital Shares Issued
    782       81       1,045       100       762       173       30  
Receivable for Investment Securities Sold
    5,123       758       551       154             185        
Appreciated Credit Default Swap Agreements, at Value (Cost $—, $—, $13, $—, $—, $— and $—)
                316                          
Appreciated Interest Rate Swap Agreements, at Value (Cost $—, $2, $—, $—, $—, $— and $—)
          128       802                          
Unrealized Appreciation on Forward Foreign Currency Exchange Contracts
          299       746                          
Reclaims Receivable
                2                            
Receivable from Adviser
                      1                    
Prepaid Expenses
    19       10       7       10       16       10       4  
                                                         
Total Assets
    116,542       95,659       679,616       81,190       731,453       87,436       208,339  
                                                         
Liabilities:
                                                       
Income Distributions Payable
    178       312       2,128       274       1,209       310       630  
Payable for Investment Securities Purchased
    8,271       469       32,473             4,525             1,324  
Payable for Capital Shares Redeemed
    512       588       3,706       2,015       1,989       209       45  
Depreciated Credit Default Swap Agreements, at Value (Proceeds $—, $—, $—, $—, $—, $— and $— )
          69       102                          
Depreciated Interest Rate Swap Agreements, at Value (Proceeds $—, $—, $—, $—, $—, $— and $—)
          3       7                          
Unrealized Depreciation on Forward Foreign Currency Contracts
          423       923                          
Payable for Collateral Received on Securities Loaned
    31,382       18,997       70,061       1,190       237,037              
Unrealized Depreciation on Futures Contracts
                                  11        
Investment Advisory Fees Payable
    24       38       119       15       200       14       96  
Administration, Fund Accounting and Transfer Agency Fees Payable
    1       5       8       2       9       3       2  
Distribution and Service Fees Payable
    8       19                   4             3  
Custodian Fees Payable
    1       4       19       6       13       3       5  
Trustee Fees Payable
    1       2       4       1       3             2  
Accrued Expenses
    9       20       48       14       44       11       22  
                                                         
Total Liabilities
    40,387       20,949       109,598       3,517       245,033       561       2,129  
                                                         
Net Assets
  $ 76,155     $ 74,710     $ 570,018     $ 77,673     $ 486,420     $ 86,875     $ 206,210  
                                                         
Net Assets Consist of:
                                                       
Capital
  $ 76,353     $ 84,056     $ 589,774     $ 82,711     $ 477,266     $ 88,156     $ 208,734  
Accumulated Net Investment Income (Loss)
    (1 )     746       2,115       11       297       (48 )     (21 )
Accumulated Net Realized Loss from Investment, Swap, Futures and Foreign Currency Transactions
    (1,418 )     (7,774 )     (11,398 )     (2,149 )     (526 )     (1,388 )     (246 )
Net Unrealized Appreciation/Depreciation on Investments, Swaps, Futures and Foreign Currencies
    1,221       (2,318 )     (10,473 )     (2,900 )     9,383       155       (2,257 )
                                                         
Net Assets
  $ 76,155     $ 74,710     $ 570,018     $ 77,673     $ 486,420     $ 86,875     $ 206,210  
                                                         
Net Assets:
                                                       
I Shares
  $ 58,211     $ 51,883     $ 569,701     $ 77,673     $ 479,656     $ 86,875     $ 196,516  
A Shares
    9,812       837       257       N/A       2,840       N/A       6,921  
C Shares
    8,132       21,990       60       N/A       3,924       N/A       2,773  
Shares Outstanding (unlimited number of shares authorized, no par value):
                                                       
I Shares
    5,723       5,579       58,158       8,046       45,435       8,709       20,087  
A Shares
    966       90       25       N/A       269       N/A       707  
C Shares
    802       2,363       6       N/A       372       N/A       283  
Net Asset Value and Redemption Price Per Share:(a)
                                                       
I Shares
  $ 10.17     $ 9.30     $ 9.80     $ 9.65     $ 10.56     $ 9.97     $ 9.78  
A Shares
    10.16       9.34       10.09       N/A       10.56       N/A       9.78  
C Shares(b)
    10.15       9.30       9.80       N/A       10.56       N/A       9.78  
Offering Price per Share (100%/(100%-maximum sales charge) of net asset value adjusted to the nearest cent):
                                                       
I Shares
  $ 10.17     $ 9.30     $ 9.80     $ 9.65     $ 10.56     $ 9.97     $ 9.78  
A Shares
    10.42       9.81       10.59       N/A       11.09       N/A       10.27  
C Shares
    10.15       9.30       9.80       N/A       10.56       N/A       9.78  
Maximum Sales Charge — A Shares
    2.50 %     4.75 %     4.75 %     N/A       4.75 %     N/A       4.75 %
 
Amounts designated as “— ” are $0 or have been rounded to $0.
 
 * Investments include securities on loan of $30,794; $18,784; $68,812; $1,178; $232,745 and $—, respectively.
 
(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.
 
See Notes to Financial Statements.


120


 

 
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except per share amounts)
(Unaudited)
 
                                         
            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
  $ 8,488,544     $ 1,767,565     $ 1,364,177     $ 1,825,816     $ 565,340  
                                         
Investments, at Value
  $ 8,038,457     $ 1,767,565     $ 780,600     $ 343,282     $ 565,340  
Investments in Affiliates, at Value and Cost
    70,000                          
Repurchase Agreements, at Value and Cost
    380,087             583,577       1,482,534        
                                         
Total Investments
    8,488,544       1,767,565       1,364,177       1,825,816       565,340  
                                         
Cash
          9                    
Interest and Dividends Receivable
    21,020       7,219       2,507       14       4,331  
Interest Receivable from Affiliated Investments
    34                          
Receivable for Capital Shares Issued
    9,578       1,023       424       128       1,022  
Receivable for Investment Securities Sold
          48,528                   49,750  
Receivable from Adviser
                      76        
Prepaid Expenses
    32       16       17       8       9  
                                         
Total Assets
    8,519,208       1,824,360       1,367,125       1,826,042       620,452  
                                         
Liabilities:
                                       
Income Distributions Payable
    14,864       4,379       1,622       1,213       2,338  
Investment Advisory Fees Payable
    3,524       701       531       708       215  
Administration, Fund Accounting and Transfer Agency Fees Payable
    23       29       13       8       5  
Compliance Services Fees Payable
    1             1       1        
Distribution and Service Fees Payable
    675       59       40       24       47  
Custodian Fees Payable
    266       115       22       9       3  
Trustee Fees Payable
    11       4       7       9       3  
Accrued Expenses
    558       44       70       113       55  
                                         
Total Liabilities
    19,922       5,331       2,306       2,085       2,666  
                                         
Net Assets
  $ 8,499,286     $ 1,819,029     $ 1,364,819     $ 1,823,957     $ 617,786  
                                         
Net Assets Consist of:
                                       
Capital
  $ 8,502,536     $ 1,818,993     $ 1,364,825     $ 1,824,016     $ 617,662  
Accumulated Net Investment Income (Loss)
    40       27       (18 )     80       13  
Accumulated Net Realized Gain (Loss) from Investment Transactions
    (3,290 )     9       12       (139 )     111  
                                         
Net Assets
  $ 8,499,286     $ 1,819,029     $ 1,364,819     $ 1,823,957     $ 617,786  
                                         
Net Assets:
                                       
I Shares
  $ 3,342,751     $ 1,399,642     $ 989,167     $ 1,484,719     $ 263,353  
A Shares
    5,153,615       419,387       375,652       339,238       354,433  
C Shares
    2,920       N/A       N/A       N/A       N/A  
Shares Outstanding (unlimited number of shares authorized, no par value):
                                       
I Shares
    3,344,008       1,399,586       989,170       1,484,782       263,302  
A Shares
    5,155,605       419,407       375,656       339,234       354,359  
C Shares
    2,923       N/A       N/A       N/A       N/A  
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
    1.00       N/A       N/A       N/A       N/A  
 
Amounts designated as “— ” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


121


 

STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS  For the Six Months Ended September 30, 2008  (Amounts in thousands)
(Unaudited)
 
                                                         
                        Investment
   
    Georgia Tax-
  High Grade
          Investment
  Grade
  Limited
    Exempt
  Municipal
  High Income
  Intermediate
  Grade Bond
  Tax-Exempt
  Duration
    Bond Fund   Bond Fund   Fund   Bond Fund   Fund   Bond Fund   Fund
 
Investment Income:
                                                       
Interest Income
  $ 4,042     $ 3,345     $ 2,269     $ 17,354     $ 9,169     $ 11,041     $ 446  
Dividend Income
    77       119                         699        
Dividend Income from Affiliated Investment Companies
                60       344       190       107       196  
Net Income from Securities Lending
                3       1,429       452              
                                                         
Total Investment Income
    4,119       3,464       2,332       19,127       9,811       11,847       642  
                                                         
Expenses:
                                                       
Investment Advisory Fees
    513       466       160       1,038       1,009       1,573       22  
Administration, Fund Accounting and Transfer Agency Fees
    25       23       15       112       63       92       7  
Compliance Services Fees
    2       2       1       9       5       6        
Distribution and Service Fees — A Shares
    3       2       5       1       21       18       N/A  
Distribution and Service Fees — C Shares
    24       25       100             36       29       N/A  
Custodian Fees
    2       2       4       10       9       4       6  
Printing Fees
    4       4       2       19       10       13       1  
Professional Fees
    3       3       1       10       6       8       1  
Registration Fees
    5       14       7       5       13       22       2  
Trustees’ Fees
    1       1       1       6       4       5        
Interest Expense
    152                                      
Other Fees
    3       1       4       14       10       15        
                                                         
Total Expenses
    737       543       300       1,224       1,186       1,785       39  
                                                         
Less: Investment Advisory Fees
Waived/Expenses Reimbursed
    (2 )           (3 )                        
Less: Administration Fees Waived
    (15 )     (1 )     (7 )     (5 )     (3 )     (4 )      
                                                         
Net Expenses
    720       542       290       1,219       1,183       1,781       39  
                                                         
Net Investment Income (Loss)
    3,399       2,922       2,042       17,908       8,628       10,066       603  
                                                         
Net Realized and Unrealized Gain (Loss) on Investments, Swaps and Foreign Currencies:
                                                       
Net Realized Gain (Loss) from
                                                       
Investment, Swap and Foreign Currency Transactions
    (580 )     279       (1,183 )     3,515       1,125       4,001       (607 )
Net Change in Unrealized Appreciation/Depreciation on Investments, Swaps and Foreign Currencies
    (8,296 )     (4,954 )     (2,651 )     (27,020 )     (15,683 )     (31,083 )     (39 )
                                                         
Net Realized and Unrealized Gain (Loss) on Investments, Swaps and Foreign Currencies
    (8,876 )     (4,675 )     (3,834 )     (23,505 )     (14,558 )     (27,082 )     (646 )
                                                         
Change in Net Assets from Operations
  $ (5,477 )   $ (1,753 )   $ (1,792 )   $ (5,597 )   $ (5,930 )   $ (17,016 )   $ (43 )
                                                         
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
 
See Notes to Financial Statements.


122


 

 
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS  For the Six Months Ended September 30, 2008  (Amounts in thousands)
(Unaudited)
 
                                                         
    Limited-Term
                       
    Federal
      North
               
    Mortgage
  Maryland
  Carolina Tax-
  Seix Floating
           
    Securities
  Municipal
  Exempt Bond
  Rate High
  Seix Global
  Seix High
  Short-Term
    Fund   Bond Fund   Fund   Income Fund   Strategy Fund*   Yield Fund   Bond Fund
 
Investment Income:
                                                       
Interest Income
  $ 2,026     $ 872     $ 960     $ 19,001     $ 4     $ 31,072     $ 9,058  
Dividend Income
          11       29                          
Dividend Income from Affiliated Investment Companies
    70                   614             484       165  
Net Income from Securities Lending
                                  119       111  
                                                         
Total Investment Income
    2,096       883       989       19,615       4       31,675       9,334  
                                                         
Expenses:
                                                       
Investment Advisory Fees
    209       115       131       1,394       2       1,655       804  
Administration, Fund Accounting and Transfer Agency Fees
    14       6       6       80       1       127       57  
Compliance Services Fees
    1                   7             9       4  
Distribution and Service Fees — A Shares
    2             1       10       N/A       26       4  
Distribution and Service Fees — C Shares
    49       29             1       N/A       19       17  
Custodian Fees
    7       3       1       4       2       10       11  
Printing Fees
    2       1       1       15             21       9  
Professional Fees
    2             1       9             14       6  
Registration Fees
    14       3       3       20       3       21       11  
Trustees’ Fees
    1                   5             7       3  
Other Fees
    4       1       1       10             18       5  
                                                         
Total Expenses
    305       158       145       1,555       8       1,927       931  
                                                         
Less: Investment Advisory Fees Waived/Expenses Reimbursed
                            (6 )            
Less: Administration Fees Waived
    (1 )                 (4 )           (22 )     (3 )
                                                         
Net Expenses
    304       158       145       1,551       2       1,905       928  
                                                         
Net Investment Income (Loss)
    1,792       725       844       18,064       2       29,770       8,406  
                                                         
Net Realized and Unrealized Gain (Loss) on Investments, Swaps, Futures and Foreign Currencies:
                                                       
Net Realized Gain (Loss) from:
                                                       
Investment, Swap, Futures and Foreign Currency Transactions
    (499 )     32       (101 )     (16,563 )     (12 )     (19,549 )     1,042  
Securities Sold Short
                                        (23 )
Net Change in Unrealized Appreciation/Depreciation on:
                                                       
Investments, Swaps, Futures and Foreign Currencies
    (563 )     (1,601 )     (2,007 )     384       28       (44,656 )     (17,630 )
Securities Sold Short
                                        182  
                                                         
Net Realized and Unrealized Gain (Loss) on Investments, Swaps, Futures and Foreign Currencies
    (1,062 )     (1,569 )     (2,108 )     (16,179 )     16       (64,205 )     (16,429 )
                                                         
Change in Net Assets from Operations
  $ 730     $ (844 )   $ (1,264 )   $ 1,885     $ 18     $ (34,435 )   $ (8,023 )
                                                         
 
* From Commencement of Operations on September 8, 2008.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
 
See Notes to Financial Statements.

123


 

 
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS  For the Six Months Ended September 30, 2008  (Amounts in thousands)
(Unaudited)
 
                                                         
                        U.S.
   
    Short-Term
              U.S.
  Government
  Virginia
    U.S. Treasury
              Government
  Securities
  Intermediate
    Securities
  Strategic
  Total Return
  Ultra-Short
  Securities
  Ultra-Short
  Municipal
    Fund   Income Fund   Bond Fund   Bond Fund   Fund   Bond Fund   Bond Fund
 
Investment Income:
                                                       
Interest Income
  $ 1,221     $ 2,323     $ 14,681     $ 1,804     $ 8,281     $ 1,656     $ 4,444  
Dividend Income
    8                               32       40  
Dividend Income from Affiliated Investment Companies
          2       331       42       308              
Net Income from Securities Lending
    107       62       301       2       788       4        
Less: Foreign Taxes Withheld
          6                                
                                                         
Total Investment Income
    1,336       2,393       15,313       1,848       9,377       1,692       4,484  
                                                         
Expenses:
                                                       
Investment Advisory Fees
    145       247       748       96       1,214       79       594  
Administration, Fund Accounting and Transfer Agency Fees
    11       20       85       18       65       12       29  
Compliance Services Fees
    1       1       7       1       7       1       2  
Distribution and Service Fees — A Shares
    6       2             N/A       5       N/A       5  
Distribution and Service Fees — C Shares
    40       117             N/A       20       N/A       15  
Custodian Fees
    4       9       16       19       8       8       7  
Printing Fees
    1       2       16       2       14       2       4  
Professional Fees
    1       2       10       1       10       2       3  
Registration Fees
    10       13       5       7       14       6       6  
Trustees’ Fees
          1       5       1       5       1       1  
Other Fees
    1       6       12       5       5       3       2  
                                                         
Total Expenses
    220       420       904       150       1,367       114       668  
                                                         
Less: Investment Advisory Fees Waived/Expenses Reimbursed
                      (8 )                  
Less: Administration Fees Waived
          (1 )     (4 )     (11 )     (3 )     (6 )     (1 )
                                                         
Net Expenses
    220       419       900       131       1,364       108       667  
                                                         
Net Investment Income (Loss)
    1,116       1,974       14,413       1,717       8,013       1,584       3,817  
                                                         
Net Realized and Unrealized Gain (Loss) on Investments, Swaps, Futures and Foreign Currencies:
                                                       
Net Realized Gain (Loss) from
                                                       
Investment, Swap, Futures and Foreign Currency Transactions
    765       (537 )     (6,855 )     136       4,551       (136 )     188  
Net Change in Unrealized Appreciation/Depreciation on
                                                       
Investments, Swaps, Futures and Foreign Currencies
    (1,427 )     (1,988 )     (13,088 )     (2,376 )     (6,251 )     (258 )     (6,744 )
                                                         
Net Realized and Unrealized Gain (Loss) on Investments, Swaps, Futures and Foreign Currencies
    (662 )     (2,525 )     (19,943 )     (2,240 )     (1,700 )     (394 )     (6,556 )
                                                         
Change in Net Assets from Operations
  $ 454     $ (551 )   $ (5,530 )   $ (523 )   $ 6,313     $ 1,190     $ (2,739 )
                                                         
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
 
See Notes to Financial Statements.

124


 

 
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS  For the Six Months Ended September 30, 2008  (Amounts in thousands)
(Unaudited)
 
                                         
            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
  $ 118,550     $ 20,386     $ 21,878     $ 13,404     $ 6,987  
Interest Recovery Payments by Affiliate
    469                          
Interest Income from Affiliated Investments
    1,356                          
Dividend Income
    10,026       974       1,344       49       311  
                                         
Total Investment Income
    130,401       21,360       23,222       13,453       7,298  
                                         
Expenses:
                                       
Investment Advisory Fees
    23,007       4,512       5,501       3,847       1,355  
Administration, Fund Accounting and Transfer Agency Fees
    1,207       272       256       176       92  
Compliance Services Fees
    133       27       23       12       8  
Distribution and Service Fees — A Shares
    4,514       403       234       97       307  
Distribution and Service Fees — C Shares
    5       N/A       N/A       N/A       N/A  
Custodian Fees
    44       10       6       27       12  
Printing Fees
    227       46       39       20       13  
Professional Fees
    228       35       27       15       10  
Registration Fees
    21       12       10       9       11  
Trustees’ Fees
    98       19       17       8       6  
Other Fees
    119       18       27       15       5  
                                         
Total Expenses
    29,603       5,354       6,140       4,226       1,819  
Less: Investment Advisory Fees Waived/Expenses Reimbursed
                      (76 )      
Less: Administration Fees Waived
    (60 )     (13 )     (13 )     (16 )     (4 )
                                         
Net Expenses
    29,543       5,341       6,127       4,134       1,815  
                                         
Net Investment Income (Loss)
    100,858       16,019       17,095       9,319       5,483  
                                         
Net Realized Gain (Loss) on Investments:
                                       
Net Realized Gain (Loss) from
                                       
Investment Transactions
    (50,027 )     117       12       42       56  
Net Increase from Payments by Affiliate
    49,000                          
                                         
Net Realized Gain (Loss) on Investments
    (1,027 )     117       12       42       56  
                                         
Change in Net Assets from Operations
  $ 99,831     $ 16,136     $ 17,107     $ 9,361     $ 5,539  
                                         
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.

125


 

STATEMENTS OF CHANGES IN NET ASSETS
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
    Georgia Tax-Exempt Bond Fund   High Grade Municipal Bond Fund   High Income Fund   Intermediate Bond Fund
    04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
    09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08
    (Unaudited)       (Unaudited)       (Unaudited)       (Unaudited)    
 
Operations:
                                                               
Net Investment Income (Loss)
  $ 3,399     $ 6,172     $ 2,922     $ 5,869     $ 2,042     $ 5,041     $ 17,908     $ 26,334  
Net Realized Gain (Loss) from
Investment, Swap and Foreign Currency Transactions
    (580 )     (1,435 )     279       (581 )     (1,183 )     (4,003 )     3,515       8,553  
Net Change in Unrealized Appreciation/Depreciation on Investments, Swaps and Foreign Currencies
    (8,296 )     (3,963 )     (4,954 )     (969 )     (2,651 )     (3,721 )     (27,020 )     12,231  
                                                                 
Change in Net Assets from Operations
    (5,477 )     774       (1,753 )     4,319       (1,792 )     (2,683 )     (5,597 )     47,118  
                                                                 
Dividends and Distributions to Shareholders:
                                                               
Net Investment Income:
                                                               
I Shares
    (3,263 )     (5,445 )     (2,822 )     (5,652 )     (1,188 )     (3,235 )     (16,944 )     (26,458 )
A Shares
    (73 )     (150 )     (38 )     (78 )     (125 )     (65 )     (13 )     (32 )
C Shares
    (63 )     (150 )     (62 )     (139 )     (689 )     (1,813 )     (1 )      
Net Realized Gains:
                                                               
I Shares
                      (415 )           (687 )           (646 )
A Shares
                      (6 )           (18 )           (1 )
C Shares
                      (14 )           (430 )            
                                                                 
Total Dividends and Distributions
    (3,399 )     (5,745 )     (2,922 )     (6,304 )     (2,002 )     (6,248 )     (16,958 )     (27,137 )
                                                                 
Change in Net Assets from Capital Transactions
    12,343       31,066       (83,419 )     10,196       (2,823 )     (11,258 )     68,585       699,504  
                                                                 
Change in Net Assets
    3,467       26,095       (88,094 )     8,211       (6,617 )     (20,189 )     46,030       719,485  
                                                                 
Net Assets:
                                                               
Beginning of Period
    178,680       152,585       181,486       173,275       51,980       72,169       813,727       94,242  
                                                                 
End of Period
  $ 182,147     $ 178,680     $ 93,392     $ 181,486     $ 45,363     $ 51,980     $ 859,757     $ 813,727  
                                                                 
Accumulated Net Investment Income (Loss), End of Period
  $ 190     $ 190     $ (7 )   $ (7 )   $ (5 )   $ (45 )   $ 2,478     $ 1,528  
                                                                 
 
Amounts designated as “— ” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


126


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
    Georgia Tax-Exempt Bond Fund   High Grade Municipal Bond Fund   High Income Fund   Intermediate Bond Fund
    04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
    09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08
    (Unaudited)       (Unaudited)       (Unaudited)       (Unaudited)    
 
Capital Transactions:
                                                               
I Shares:
                                                               
Proceeds from Shares Issued
  $ 25,583     $ 64,102     $ 18,987     $ 56,199     $ 10,224     $ 17,711     $ 155,235     $ 768,551  
Dividends Reinvested
    202       396       221       569       648       1,788       2,266       4,243  
Cost of Shares Redeemed
    (12,770 )     (32,853 )     (101,551 )     (44,618 )     (12,236 )     (26,276 )     (88,868 )     (73,892 )
                                                                 
Change in Net Assets from I Shares
    13,015       31,645       (82,343 )     12,150       (1,364 )     (6,777 )     68,633       698,902  
                                                                 
A Shares:
                                                               
Proceeds from Shares Issued
    81       2,715       19       645       6,597       1,127       5       1,931  
Dividends Reinvested
    27       64       19       47       24       50       8       23  
Cost of Shares Redeemed
    (133 )     (2,083 )     (462 )     (1,069 )     (6,252 )     (697 )     (130 )     (1,360 )
                                                                 
Change in Net Assets from A Shares
    (25 )     696       (424 )     (377 )     369       480       (117 )     594  
                                                                 
C Shares:
                                                               
Proceeds from Shares Issued
    1       2       9       3       230       498       68       9  
Dividends Reinvested
    55       130       37       93       463       1,522       1        
Cost of Shares Redeemed
    (703 )     (1,407 )     (698 )     (1,673 )     (2,521 )     (6,981 )           (1 )
                                                                 
Change in Net Assets from C Shares
    (647 )     (1,275 )     (652 )     (1,577 )     (1,828 )     (4,961 )     69       8  
                                                                 
Change in Net Assets from Capital Transactions
  $ 12,343     $ 31,066     $ (83,419 )   $ 10,196     $ (2,823 )   $ (11,258 )   $ 68,585     $ 699,504  
                                                                 
Share Transactions:
                                                               
I Shares:
                                                               
Issued
    2,567       6,331       1,754       5,186       1,595       2,494       15,298       76,482  
Reinvested
    20       39       21       52       102       260       225       420  
Redeemed
    (1,278 )     (3,246 )     (9,413 )     (4,110 )     (1,889 )     (3,793 )     (8,766 )     (7,350 )
                                                                 
Change in I Shares
    1,309       3,124       (7,638 )     1,128       (192 )     (1,039 )     6,757       69,552  
                                                                 
A Shares:
                                                               
Issued
    8       268       2       60       1,025       159             194  
Reinvested
    3       6       2       4       4       7       1       2  
Redeemed
    (13 )     (206 )     (43 )     (98 )     (954 )     (102 )     (13 )     (135 )
                                                                 
Change in A Shares
    (2 )     68       (39 )     (34 )     75       64       (12 )     61  
                                                                 
C Shares:
                                                               
Issued
                1             35       70       7       1  
Reinvested
    6       13       3       9       73       221              
Redeemed
    (71 )     (139 )     (65 )     (154 )     (395 )     (1,003 )            
                                                                 
Change in C Shares
    (65 )     (126 )     (61 )     (145 )     (287 )     (712 )     7       1  
                                                                 
Change in Shares
    1,242       3,066       (7,738 )     949       (404 )     (1,687 )     6,752       69,614  
                                                                 
 
Amounts designated as “— ” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


127


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
        Investment Grade Tax-Exempt
      Limited-Term Federal Mortgage
    Investment Grade Bond Fund   Bond Fund   Limited Duration Fund   Securities Fund
    04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
    09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08
    (Unaudited)       (Unaudited)       (Unaudited)       (Unaudited)    
 
Operations:
                                                               
Net Investment Income (Loss)
  $ 8,628     $ 18,964     $ 10,066     $ 16,752     $ 603     $ 2,222     $ 1,792     $ 7,027  
Net Realized Gain (Loss) from Investment, Swap and Foreign Currency Transactions
    1,125       4,673       4,001       3,587       (607 )     (16 )     (499 )     (1,816 )
Net Change in Unrealized Appreciation/Depreciation on Investments, Swaps and Foreign Currencies
    (15,683 )     4,363       (31,083 )     3,642       (39 )     (590 )     (563 )     1,945  
                                                                 
Change in Net Assets from Operations
    (5,930 )     28,000       (17,016 )     23,981       (43 )     1,616       730       7,156  
                                                                 
Dividends and Distributions to Shareholders:
                                                               
Net Investment Income:
                                                               
I Shares
    (7,820 )     (18,159 )     (9,825 )     (16,266 )     (564 )     (2,185 )     (1,766 )     (6,967 )
A Shares
    (262 )     (708 )     (177 )     (336 )     N/A       N/A       (56 )     (152 )
C Shares
    (113 )     (323 )     (64 )     (151 )     N/A       N/A       (195 )     (505 )
Net Realized Gains:
                                                               
I Shares
                      (1,323 )                        
A Shares
                      (28 )     N/A       N/A              
C Shares
                      (16 )     N/A       N/A              
                                                                 
Total Dividends and Distributions
    (8,195 )     (19,190 )     (10,066 )     (18,120 )     (564 )     (2,185 )     (2,017 )     (7,624 )
                                                                 
Change in Net Assets from Capital Transactions
    8,909       (21,242 )     155,424       127,864       (728 )     3,787       (33,694 )     (341,245 )
                                                                 
Change in Net Assets
    (5,216 )     (12,432 )     128,342       133,725       (1,335 )     3,218       (34,981 )     (341,713 )
                                                                 
Net Assets:
                                                               
Beginning of Period
    407,314       419,746       563,175       429,450       43,509       40,291       99,106       440,819  
                                                                 
End of Period
  $ 402,098     $ 407,314     $ 691,517     $ 563,175     $ 42,174     $ 43,509     $ 64,125     $ 99,106  
                                                                 
Accumulated Net Investment Income (Loss), End of Period
  $ 1,385     $ 952     $ (154 )   $ (154 )   $ 39     $     $ (95 )   $ 130  
                                                                 
 
Amounts designated as “— ” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


128


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
        Investment Grade Tax-Exempt
      Limited-Term Federal Mortgage
    Investment Grade Bond Fund   Bond Fund   Limited Duration Fund   Securities Fund
    04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
    09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08
    (Unaudited)       (Unaudited)       (Unaudited)       (Unaudited)    
 
Capital Transactions:
                                                               
I Shares:
                                                               
Proceeds from Shares Issued
  $ 78,999     $ 126,591     $ 239,471     $ 250,079     $ 1,358     $ 14,306     $ 2,750     $ 16,759  
Dividends Reinvested
    5,033       10,207       3,561       6,421       361       1,558       628       2,221  
Cost of Shares Redeemed
    (73,798 )     (154,150 )     (88,040 )     (126,339 )     (2,447 )     (12,077 )     (34,843 )     (355,644 )
                                                                 
Change in Net Assets from I Shares
    10,234       (17,352 )     154,992       130,161       (728 )     3,787       (31,465 )     (336,664 )
                                                                 
A Shares:
                                                               
Proceeds from Shares Issued
    614       3,215       3,042       585       N/A       N/A       83       946  
Dividends Reinvested
    232       628       97       247       N/A       N/A       46       132  
Cost of Shares Redeemed
    (1,484 )     (6,229 )     (2,373 )     (1,795 )     N/A       N/A       (679 )     (1,943 )
                                                                 
Change in Net Assets from A Shares
    (638 )     (2,386 )     766       (963 )     N/A       N/A       (550 )     (865 )
                                                                 
C Shares:
                                                               
Proceeds from Shares Issued
    10       304       19       9       N/A       N/A       21       41  
Dividends Reinvested
    99       287       49       129       N/A       N/A       164       426  
Cost of Shares Redeemed
    (796 )     (2,095 )     (402 )     (1,472 )     N/A       N/A       (1,864 )     (4,183 )
                                                                 
Change in Net Assets from C Shares
    (687 )     (1,504 )     (334 )     (1,334 )     N/A       N/A       (1,679 )     (3,716 )
                                                                 
Change in Net Assets from Capital Transactions
  $ 8,909     $ (21,242 )   $ 155,424     $ 127,864     $ (728 )   $ 3,787     $ (33,694 )   $ (341,245 )
                                                                 
Share Transactions:
                                                               
I Shares:
                                                               
Issued
    7,484       11,942       20,587       21,771       139       1,434       280       1,694  
Reinvested
    478       965       309       559       37       156       64       224  
Redeemed
    (6,983 )     (14,624 )     (7,595 )     (10,982 )     (251 )     (1,215 )     (3,551 )     (35,833 )
                                                                 
Change in I Shares
    979       (1,717 )     13,301       11,348       (75 )     375       (3,207 )     (33,915 )
                                                                 
A Shares:
                                                               
Issued
    58       306       261       51       N/A       N/A       8       96  
Reinvested
    22       59       8       22       N/A       N/A       5       13  
Redeemed
    (140 )     (591 )     (207 )     (157 )     N/A       N/A       (69 )     (197 )
                                                                 
Change in A Shares
    (60 )     (226 )     62       (84 )     N/A       N/A       (56 )     (88 )
                                                                 
C Shares:
                                                               
Issued
    1       29       2       1       N/A       N/A       2       4  
Reinvested
    9       27       4       11       N/A       N/A       17       43  
Redeemed
    (75 )     (198 )     (35 )     (128 )     N/A       N/A       (190 )     (421 )
                                                                 
Change in C Shares
    (65 )     (142 )     (29 )     (116 )     N/A       N/A       (171 )     (374 )
                                                                 
Change in Shares
    854       (2,085 )     13,334       11,148       (75 )     375       (3,434 )     (34,377 )
                                                                 
 
Amounts designated as “— ” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


129


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                         
        North Carolina Tax-Exempt
  Seix Floating Rate High
  Seix Global
    Maryland Municipal Bond Fund   Bond Fund   Income Fund   Strategy Fund
    04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
  09/08/08* -
    09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08   09/30/08
    (Unaudited)       (Unaudited)       (Unaudited)       (Unaudited)
 
Operations:
                                                       
Net Investment Income (Loss)
  $ 725     $ 1,386     $ 844     $ 1,575     $ 18,064     $ 49,636     $ 2  
Net Realized Gain (Loss) from Investment, Swap and Foreign Currency Transactions
    32       (116 )     (101 )     (609 )     (16,563 )     (25,168 )     (12 )
Net Change in Unrealized Appreciation/Depreciation on Investments, Swaps and Foreign Currencies
    (1,601 )     (574 )     (2,007 )     (889 )     384       (53,643 )     28  
                                                         
Change in Net Assets from Operations
    (844 )     696       (1,264 )     77       1,885       (29,175 )     18  
                                                         
Dividends and Distributions to Shareholders:
                                                       
Net Investment Income:
                                                       
I Shares
    (648 )     (1,217 )     (833 )     (1,546 )     (17,779 )     (48,930 )      
A Shares
    (1 )     (2 )     (11 )     (29 )     (184 )     (637 )     N/A  
C Shares
    (76 )     (167 )                 (7 )     (9 )     N/A  
Net Realized Gains:
                                                       
I Shares
          (19 )                       (1,465 )      
A Shares
                                  (17 )     N/A  
C Shares
          (3 )                       (1 )     N/A  
                                                         
Total Dividends and Distributions
    (725 )     (1,408 )     (844 )     (1,575 )     (17,970 )     (51,059 )      
                                                         
Change in Net Assets from Capital Transactions
    (3,604 )     8,332       2,690       276       (2,424 )     47,072       4,544  
                                                         
Change in Net Assets
    (5,173 )     7,620       582       (1,222 )     (18,509 )     (33,162 )     4,562  
                                                         
Net Assets:
                                                       
Beginning of Period
    44,051       36,431       43,806       45,028       560,015       593,177        
                                                         
End of Period
  $ 38,878     $ 44,051     $ 44,388     $ 43,806     $ 541,506     $ 560,015     $ 4,562  
                                                         
Accumulated Net Investment Income (Loss), End of Period
  $ (41 )   $ (41 )   $ (63 )   $ (63 )   $ 9     $ (85 )   $ 2  
                                                         
* Commencement of Operations.
                                                       
 
Amounts designated as “— ” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


130


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                         
    Maryland Municipal
      Seix Floating Rate High
  Seix Global
    Bond Fund   North Carolina Tax-Exempt Bond Fund   Income Fund   Strategy Fund
    04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
  09/08/08* -
    09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08   09/30/08
    (Unaudited)       (Unaudited)       (Unaudited)       (Unaudited)
 
Capital Transactions:
                                                       
I Shares:
                                                       
Proceeds from Shares Issued
  $ 2,527     $ 17,043     $ 6,830     $ 14,056     $ 153,196     $ 415,063     $ 4,544  
Dividends Reinvested
    15       38       6       15       13,351       39,426        
Cost of Shares Redeemed
    (6,088 )     (7,852 )     (3,997 )     (13,687 )     (169,102 )     (405,010 )      
                                                         
Change in Net Assets from I Shares
    (3,546 )     9,229       2,839       384       (2,555 )     49,479       4,544  
                                                         
A Shares:
                                                       
Proceeds from Shares Issued
          294             601       265       8,633       N/A  
Dividends Reinvested
    1       2       6       9       19       214       N/A  
Cost of Shares Redeemed
          (293 )     (155 )     (716 )     (222 )     (11,489 )     N/A  
                                                         
Change in Net Assets from A Shares
    1       3       (149 )     (106 )     62       (2,642 )     N/A  
                                                         
C Shares:
                                                       
Proceeds from Shares Issued
    1       7                   100       268       N/A  
Dividends Reinvested
    62       136                   4       6       N/A  
Cost of Shares Redeemed
    (122 )     (1,043 )           (2 )     (35 )     (39 )     N/A  
                                                         
Change in Net Assets from C Shares
    (59 )     (900 )           (2 )     69       235       N/A  
                                                         
Change in Net Assets from Capital Transactions
  $ (3,604 )   $ 8,332     $ 2,690     $ 276     $ (2,424 )   $ 47,072     $ 4,544  
                                                         
Share Transactions:
                                                       
I Shares:
                                                       
Issued
    251       1,680       700       1,427       16,771       43,054       455  
Reinvested
    2       4       1       1       1,473       4,143        
Redeemed
    (605 )     (777 )     (410 )     (1,383 )     (18,726 )     (43,415 )      
                                                         
Change in I Shares
    (352 )     907       291       45       (482 )     3,782       455  
                                                         
A Shares:
                                                       
Issued
          30             61       29       888       N/A  
Reinvested
                1       1       2       22       N/A  
Redeemed
          (29 )     (16 )     (73 )     (24 )     (1,203 )     N/A  
                                                         
Change in A Shares
          1       (15 )     (11 )     7       (293 )     N/A  
                                                         
C Shares:
                                                       
Issued
          1                   12       27       N/A  
Reinvested
    6       13                         1       N/A  
Redeemed
    (12 )     (103 )                 (4 )     (4 )     N/A  
                                                         
Change in C Shares
    (6 )     (89 )                 8       24       N/A  
                                                         
Change in Shares
    (358 )     819       276       34       (467 )     3,513       455  
                                                         
 
* Commencement of Operations.
 
Amounts designated as “— ” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


131


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
            Short-Term U.S.
   
    Seix High Yield Fund   Short-Term Bond Fund   Treasury Securities Fund   Strategic Income Fund
    04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
    09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08
    (Unaudited)       (Unaudited)       (Unaudited)       (Unaudited)    
 
Operations:
                                                               
Net Investment Income (Loss)
  $ 29,770     $ 67,016     $ 8,406     $ 17,192     $ 1,116     $ 2,916     $ 1,974     $ 6,126  
Net Realized Gain (Loss) from Investment, Swap, Futures and Foreign Currency Transactions
    (19,549 )     (49,258 )     1,019       2,527       765       286       (537 )     (1,084 )
Net Change in Unrealized Appreciation/Depreciation on Investments, Swaps, Futures and Foreign Currencies
    (44,656 )     (39,042 )     (17,448 )     523       (1,427 )     2,596       (1,988 )     (1,934 )
                                                                 
Change in Net Assets from Operations
    (34,435 )     (21,284 )     (8,023 )     20,242       454       5,798       (551 )     3,108  
                                                                 
Dividends and Distributions to Shareholders:
                                                               
Net Investment Income:
                                                               
I Shares
    (28,611 )     (65,571 )     (8,266 )     (16,862 )     (929 )     (2,447 )     (1,481 )     (4,654 )
A Shares
    (805 )     (1,990 )     (72 )     (162 )     (97 )     (157 )     (24 )     (75 )
C Shares
    (131 )     (312 )     (53 )     (139 )     (90 )     (312 )     (486 )     (1,517 )
                                                                 
Total Dividends and Distributions
    (29,547 )     (67,873 )     (8,391 )     (17,163 )     (1,116 )     (2,916 )     (1,991 )     (6,246 )
                                                                 
Change in Net Assets from Capital Transactions
    89,597       (373,448 )     10,074       (40,176 )     1,762       1,362       (11,332 )     (29,098 )
                                                                 
Change in Net Assets
    25,615       (462,605 )     (6,340 )     (37,097 )     1,100       4,244       (13,874 )     (32,236 )
                                                                 
Net Assets:
                                                               
Beginning of Period
    688,733       1,151,338       397,903       435,000       75,055       70,811       88,584       120,820  
                                                                 
End of Period
  $ 714,348     $ 688,733     $ 391,563     $ 397,903     $ 76,155     $ 75,055     $ 74,710     $ 88,584  
                                                                 
Accumulated Net Investment Income (Loss), End of Period
  $ (599 )   $ (782 )   $ 41     $ 26     $ (1 )   $ (1 )   $ 746     $ 763  
                                                                 
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


132


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
            Short-Term U.S.
   
    Seix High Yield Fund   Short-Term Bond Fund   Treasury Securities Fund   Strategic Income Fund
    04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
    09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08
    (Unaudited)       (Unaudited)       (Unaudited)       (Unaudited)    
 
Capital Transactions:
                                                               
I Shares:
                                                               
Proceeds from Shares Issued
  $ 201,227     $ 227,317     $ 69,604     $ 143,037     $ 9,611     $ 20,010     $ 1,405     $ 16,903  
Dividends Reinvested
    23,258       56,687       2,238       4,166       185       394       144       489  
Cost of Shares Redeemed
    (132,131 )     (651,781 )     (61,286 )     (186,315 )     (13,414 )     (15,806 )     (10,471 )     (39,353 )
                                                                 
Change in Net Assets from I Shares
    92,354       (367,777 )     10,556       (39,112 )     (3,618 )     4,598       (8,922 )     (21,961 )
                                                                 
A Shares:
                                                               
Proceeds from Shares Issued
    615       1,674       297       1,760       6,600       402             798  
Dividends Reinvested
    778       1,895       49       120       65       121       14       50  
Cost of Shares Redeemed
    (3,837 )     (8,751 )     (546 )     (1,886 )     (664 )     (850 )     (371 )     (740 )
                                                                 
Change in Net Assets from A Shares
    (2,444 )     (5,181 )     (200 )     (6 )     6,001       (327 )     (357 )     108  
                                                                 
C Shares:
                                                               
Proceeds from Shares Issued
    1       200       20       123       648       318       329       345  
Dividends Reinvested
    58       125       49       127       78       274       343       1,072  
Cost of Shares Redeemed
    (372 )     (815 )     (351 )     (1,308 )     (1,347 )     (3,501 )     (2,725 )     (8,662 )
                                                                 
Change in Net Assets from C Shares
    (313 )     (490 )     (282 )     (1,058 )     (621 )     (2,909 )     (2,053 )     (7,245 )
                                                                 
Change in Net Assets from Capital Transactions
  $ 89,597     $ (373,448 )   $ 10,074     $ (40,176 )   $ 1,762     $ 1,362     $ (11,332 )   $ (29,098 )
                                                                 
Share Transactions:
                                                               
I Shares:
                                                               
Issued
    20,542       21,570       7,118       14,543       947       2,003       147       1,733  
Reinvested
    2,414       5,468       230       423       18       39       15       50  
Redeemed
    (13,589 )     (62,214 )     (6,291 )     (18,997 )     (1,322 )     (1,588 )     (1,101 )     (4,051 )
                                                                 
Change in I Shares
    9,367       (35,176 )     1,057       (4,031 )     (357 )     454       (939 )     (2,268 )
                                                                 
A Shares:
                                                               
Issued
    64       164       30       179       655       40             83  
Reinvested
    83       188       5       12       6       12       2       5  
Redeemed
    (405 )     (871 )     (56 )     (192 )     (66 )     (85 )     (39 )     (76 )
                                                                 
Change in A Shares
    (258 )     (519 )     (21 )     (1 )     595       (33 )     (37 )     12  
                                                                 
C Shares:
                                                               
Issued
          20       2       13       64       31       34       35  
Reinvested
    6       12       5       13       8       28       36       110  
Redeemed
    (38 )     (80 )     (36 )     (133 )     (133 )     (353 )     (286 )     (891 )
                                                                 
Change in C Shares
    (32 )     (48 )     (29 )     (107 )     (61 )     (294 )     (216 )     (746 )
                                                                 
Change in Shares
    9,077       (35,743 )     1,007       (4,139 )     177       127       (1,192 )     (3,002 )
                                                                 
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


133


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
            U.S. Government
  U.S. Government
    Total Return Bond Fund   Ultra-Short Bond Fund   Securities Fund   Securities Ultra-Short Bond Fund
    04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
    09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08
    (Unaudited)       (Unaudited)       (Unaudited)       (Unaudited)    
 
Operations:
                                                               
Net Investment Income (Loss)
  $ 14,413     $ 32,003     $ 1,717     $ 3,949     $ 8,013     $ 27,683     $ 1,584     $ 1,866  
Net Realized Gain (Loss) from Investment, Swap, Futures and Foreign Currency Transactions
    (6,855 )     5,965       136       100       4,551       4,039       (136 )     123  
Net Change in Unrealized Appreciation/Depreciation on Investments, Swaps, Futures and Foreign Currencies
    (13,088 )     3,710       (2,376 )     (864 )     (6,251 )     13,983       (258 )     267  
                                                                 
Change in Net Assets from Operations
    (5,530 )     41,678       (523 )     3,185       6,313       45,705       1,190       2,256  
                                                                 
Dividends and Distributions to Shareholders:
                                                               
Net Investment Income:
                                                               
I Shares
    (13,537 )     (32,040 )     (1,746 )     (3,946 )     (7,924 )     (27,304 )     (1,662 )     (1,928 )
A Shares
    (5 )     (13 )     N/A       N/A       (47 )     (164 )     N/A       N/A  
C Shares
    (1 )     (1 )     N/A       N/A       (47 )     (177 )     N/A       N/A  
                                                                 
Total Dividends and Distributions
    (13,543 )     (32,054 )     (1,746 )     (3,946 )     (8,018 )     (27,645 )     (1,662 )     (1,928 )
                                                                 
Change in Net Assets from Capital Transactions
    (41,669 )     19,107       (7,950 )     3,007       (11,563 )     (61,398 )     24,443       28,165  
                                                                 
Change in Net Assets
    (60,742 )     28,731       (10,219 )     2,246       (13,268 )     (43,338 )     23,971       28,493  
                                                                 
Net Assets:
                                                               
Beginning of Period
    630,760       602,029       87,892       85,646       499,688       543,026       62,904       34,411  
                                                                 
End of Period
  $ 570,018     $ 630,760     $ 77,673     $ 87,892     $ 486,420     $ 499,688     $ 86,875     $ 62,904  
                                                                 
Accumulated Net Investment Income (Loss), End of Period
  $ 2,115     $ 1,245     $ 11     $ 40     $ 297     $ 302     $ (48 )   $ 30  
                                                                 
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


134


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
            U.S. Government
  U.S. Government
    Total Return Bond Fund   Ultra-Short Bond Fund   Securities Fund   Securities Ultra-Short Bond Fund
    04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
    09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08
    (Unaudited)       (Unaudited)       (Unaudited)       (Unaudited)    
 
Capital Transactions:
                                                               
I Shares:
                                                               
Proceeds from Shares Issued
  $ 51,026     $ 190,795     $ 14,757     $ 50,129     $ 54,455     $ 221,770     $ 85,222     $ 41,205  
Dividends Reinvested
    6,368       14,034       621       1,395       1,232       3,769       955       901  
Cost of Shares Redeemed
    (99,081 )     (185,673 )     (23,328 )     (48,517 )     (66,334 )     (286,437 )     (61,734 )     (13,941 )
                                                                 
Change in Net Assets from I Shares
    (41,687 )     19,156       (7,950 )     3,007       (10,647 )     (60,898 )     24,443       28,165  
                                                                 
A Shares:
                                                               
Proceeds from Shares Issued
    2       29       N/A       N/A       132       3,457       N/A       N/A  
Dividends Reinvested
    4       9       N/A       N/A       36       125       N/A       N/A  
Cost of Shares Redeemed
    (10 )     (97 )     N/A       N/A       (802 )     (3,065 )     N/A       N/A  
                                                                 
Change in Net Assets from A Shares
    (4 )     (59 )     N/A       N/A       (634 )     517       N/A       N/A  
                                                                 
C Shares:
                                                               
Proceeds from Shares Issued
    28       9       N/A       N/A       23       40       N/A       N/A  
Dividends Reinvested
    1       1       N/A       N/A       42       158       N/A       N/A  
Cost of Shares Redeemed
    (7 )           N/A       N/A       (347 )     (1,215 )     N/A       N/A  
                                                                 
Change in Net Assets from C Shares
    22       10       N/A       N/A       (282 )     (1,017 )     N/A       N/A  
                                                                 
Change in Net Assets from Capital Transactions
  $ (41,669 )   $ 19,107     $ (7,950 )   $ 3,007     $ (11,563 )   $ (61,398 )   $ 24,443     $ 28,165  
                                                                 
Share Transactions:
                                                               
I Shares:
                                                               
Issued
    5,115       19,247       1,489       5,013       5,204       21,457       8,537       4,124  
Reinvested
    642       1,406       63       140       118       364       95       90  
Redeemed
    (10,008 )     (18,646 )     (2,373 )     (4,852 )     (6,341 )     (27,370 )     (6,197 )     (1,397 )
                                                                 
Change in I Shares
    (4,251 )     2,007       (821 )     301       (1,019 )     (5,549 )     2,435       2,817  
                                                                 
A Shares:
                                                               
Issued
          2       N/A       N/A       13       337       N/A       N/A  
Reinvested
          1       N/A       N/A       3       12       N/A       N/A  
Redeemed
    (1 )     (9 )     N/A       N/A       (77 )     (296 )     N/A       N/A  
                                                                 
Change in A Shares
    (1 )     (6 )     N/A       N/A       (61 )     53       N/A       N/A  
                                                                 
C Shares:
                                                               
Issued
    3       1       N/A       N/A       2       4       N/A       N/A  
Reinvested
                N/A       N/A       4       15       N/A       N/A  
Redeemed
    (1 )           N/A       N/A       (33 )     (118 )     N/A       N/A  
                                                                 
Change in C Shares
    2       1       N/A       N/A       (27 )     (99 )     N/A       N/A  
                                                                 
Change in Shares
    (4,250 )     2,002       (821 )     301       (1,107 )     (5,595 )     2,435       2,817  
                                                                 
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


135


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
                U.S. Government
        Prime Quality Money
  Tax-Exempt Money
  Securities Money
    Virginia Intermediate Municipal Bond Fund   Market Fund   Market Fund   Market Fund
    04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
    09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08
    (Unaudited)       (Unaudited)       (Unaudited)       (Unaudited)    
 
Operations:
                                                               
Net Investment Income (Loss)
  $ 3,817     $ 7,819     $ 100,858     $ 430,271     $ 16,019     $ 56,139     $ 17,095     $ 45,412  
Net Realized Gain (Loss) from Investment Transactions
    188       (348 )     (1,027 )     (2,263 )     117       51       12       2  
Net Change in Unrealized Appreciation/Depreciation on Investments
    (6,744 )     (139 )                                    
                                                                 
Change in Net Assets from Operations
    (2,739 )     7,332       99,831       428,008       16,136       56,190       17,107       45,414  
                                                                 
Dividends and Distributions to Shareholders:
                                                               
Net Investment Income:
                                                               
I Shares
    (3,659 )     (7,529 )     (39,363 )     (159,091 )     (12,178 )     (38,714 )     (14,686 )     (34,341 )
A Shares
    (120 )     (207 )     (61,453 )     (271,012 )     (3,841 )     (17,424 )     (2,409 )     (11,103 )
C Shares
    (38 )     (83 )     (35 )     (168 )     N/A       N/A       N/A       N/A  
Net Realized Gains:
                                                               
I Shares
                                  (195 )            
A Shares
                                  (83 )            
C Shares
                            N/A       N/A       N/A       N/A  
                                                                 
Total Dividends and Distributions
    (3,817 )     (7,819 )     (100,851 )     (430,271 )     (16,019 )     (56,416 )     (17,095 )     (45,444 )
                                                                 
Change in Net Assets from Capital Transactions
    (1,074 )     (9,265 )     (1,861,952 )     1,194,783       (344,993 )     412,027       (1,077,137 )     1,492,880  
                                                                 
Change in Net Assets
    (7,630 )     (9,752 )     (1,862,972 )     1,192,520       (344,876 )     411,801       (1,077,125 )     1,492,850  
                                                                 
Net Assets:
                                                               
Beginning of Period
    213,840       223,592       10,362,258       9,169,738       2,163,905       1,752,104       2,441,944       949,094  
                                                                 
End of Period
  $ 206,210     $ 213,840     $ 8,499,286     $ 10,362,258     $ 1,819,029     $ 2,163,905     $ 1,364,819     $ 2,441,944  
                                                                 
Accumulated Net Investment Income (Loss), End of Period
  $ (21 )   $ (21 )   $ 40     $ 33     $ 27     $ 27     $ (18 )   $ (18 )
                                                                 
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


136


 

 
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS  For the Periods Indicated  (Amounts in thousands)
 
                                                                 
                U.S. Government
        Prime Quality
  Tax-Exempt
  Securities Money
    Virginia Intermediate Municipal Bond Fund   Money Market Fund   Money Market Fund   Market Fund
    04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
    09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08
    (Unaudited)       (Unaudited)       (Unaudited)       (Unaudited)    
 
Capital Transactions:
                                                               
I Shares:
                                                               
Proceeds from Shares Issued
  $ 16,419     $ 35,802     $ 1,661,195     $ 5,562,214     $ 926,167     $ 2,388,440     $ 512,169     $ 2,368,401  
Dividends Reinvested
    84       162       4,302       18,302             8       65       328  
Cost of Shares Redeemed
    (18,251 )     (45,889 )     (2,157,330 )     (4,993,485 )     (1,100,170 )     (1,972,418 )     (1,631,429 )     (951,500 )
                                                                 
Change in Net Assets from I Shares
    (1,748 )     (9,925 )     (491,833 )     587,031       (174,003 )     416,030       (1,119,195 )     1,417,229  
                                                                 
A Shares:
                                                               
Proceeds from Shares Issued
    1,004       2,525       802,619       2,874,940       204,262       724,129       183,252       411,165  
Dividends Reinvested
    71       106       61,435       270,896       3,841       17,508       2,410       11,103  
Cost of Shares Redeemed
    (161 )     (1,792 )     (2,232,965 )     (2,538,480 )     (379,093 )     (745,640 )     (143,604 )     (346,617 )
                                                                 
Change in Net Assets from A Shares
    914       839       (1,368,911 )     607,356       (170,990 )     (4,003 )     42,058       75,651  
                                                                 
C Shares:
                                                               
Proceeds from Shares Issued
    82       100       171       1,253       N/A       N/A       N/A       N/A  
Dividends Reinvested
    26       60       31       144       N/A       N/A       N/A       N/A  
Cost of Shares Redeemed
    (348 )     (339 )     (1,410 )     (1,001 )     N/A       N/A       N/A       N/A  
                                                                 
Change in Net Assets from C Shares
    (240 )     (179 )     (1,208 )     396       N/A       N/A       N/A       N/A  
                                                                 
Change in Net Assets from Capital Transactions
  $ (1,074 )   $ (9,265 )   $ (1,861,952 )   $ 1,194,783     $ (344,993 )   $ 412,027     $ (1,077,137 )   $ 1,492,880  
                                                                 
Share Transactions:
                                                               
I Shares:
                                                               
Issued
    1,626       3,549       1,661,195       5,562,214       926,167       2,388,440       512,169       2,368,401  
Reinvested
    8       16       4,302       18,302       N/A       8       65       328  
Redeemed
    (1,809 )     (4,555 )     (2,157,330 )     (4,993,485 )     (1,100,170 )     (1,972,418 )     (1,631,429 )     (951,500 )
                                                                 
Change in I Shares
    (175 )     (990 )     (491,833 )     587,031       (174,003 )     416,030       (1,119,195 )     1,417,229  
                                                                 
A Shares:
                                                               
Issued
    99       249       802,619       2,874,940       204,262       724,129       183,252       411,165  
Reinvested
    7       11       61,435       270,896       3,841       17,508       2,410       11,103  
Redeemed
    (16 )     (177 )     (2,232,965 )     (2,538,480 )     (379,093 )     (745,640 )     (143,604 )     (346,617 )
                                                                 
Change in A Shares
    90       83       (1,368,911 )     607,356       (170,990 )     (4,003 )     42,058       75,651  
                                                                 
C Shares:
                                                               
Issued
    8       10       171       1,253       N/A       N/A       N/A       N/A  
Reinvested
    3       6       31       144       N/A       N/A       N/A       N/A  
Redeemed
    (35 )     (34 )     (1,410 )     (1,001 )     N/A       N/A       N/A       N/A  
                                                                 
Change in C Shares
    (24 )     (18 )     (1,208 )     396       N/A       N/A       N/A       N/A  
                                                                 
Change in Shares
    (109 )     (925 )     (1,861,952 )     1,194,783       (344,993 )     412,027       (1,077,137 )     1,492,880  
                                                                 
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


137


 

 
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
    04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
    09/30/08   03/31/08   09/30/08   03/31/08
    (Unaudited)       (Unaudited)    
 
Operations:
                               
Net Investment Income (Loss)
  $ 9,319     $ 40,159     $ 5,483     $ 19,247  
Net Realized Gain (Loss) from Investment Transactions
    42       31       56       147  
                                 
Change in Net Assets from Operations
    9,361       40,190       5,539       19,394  
                                 
Dividends and Distributions to Shareholders:
                               
Net Investment Income:
                               
I Shares
    (8,587 )     (38,384 )     (2,309 )     (8,010 )
A Shares
    (732 )     (1,775 )     (3,174 )     (11,237 )
Net Realized Gains:
                               
I Shares
                      (36 )
A Shares
                      (56 )
                                 
Total Dividends and Distributions
    (9,319 )     (40,159 )     (5,483 )     (19,339 )
                                 
Change in Net Assets from Capital Transactions
    592,121       175,144       (95,449 )     104,392  
                                 
Change in Net Assets
    592,163       175,175       (95,393 )     104,447  
                                 
Net Assets:
                               
Beginning of Period
    1,231,794       1,056,619       713,179       608,732  
                                 
End of Period
  $ 1,823,957     $ 1,231,794     $ 617,786     $ 713,179  
                                 
Accumulated Net Investment Income (Loss), End of Period
  $ 80     $ 80     $ 13     $ 13  
                                 
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


138


 

 
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
    04/01/08 -
  04/01/07 -
  04/01/08 -
  04/01/07 -
    09/30/08   03/31/08   09/30/08   03/31/08
    (Unaudited)       (Unaudited)    
 
Capital Transactions:
                               
I Shares:
                               
Proceeds from Shares Issued
  $ 1,559,770     $ 3,607,616     $ 219,913     $ 520,612  
Dividends Reinvested
    91       337       372       1,179  
Cost of Shares Redeemed
    (1,205,515 )     (3,502,714 )     (251,892 )     (457,068 )
                                 
Change in Net Assets from I Shares
    354,346       105,239       (31,607 )     64,723  
                                 
A Shares:
                               
Proceeds from Shares Issued
    585,876       365,712       268,477       482,660  
Dividends Reinvested
    732       1,775       3,172       11,293  
Cost of Shares Redeemed
    (348,833 )     (297,582 )     (335,491 )     (454,284 )
                                 
Change in Net Assets from A Shares
    237,775       69,905       (63,842 )     39,669  
                                 
Change in Net Assets from Capital Transactions
  $ 592,121     $ 175,144     $ (95,449 )   $ 104,392  
                                 
Share Transactions:
                               
I Shares:
                               
Issued
    1,559,770       3,607,616       219,913       520,612  
Reinvested
    91       337       372       1,179  
Redeemed
    (1,205,515 )     (3,502,714 )     (251,892 )     (457,068 )
                                 
Change in I Shares
    354,346       105,239       (31,607 )     64,723  
                                 
A Shares:
                               
Issued
    585,876       365,712       268,477       482,660  
Reinvested
    732       1,775       3,172       11,293  
Redeemed
    (348,833 )     (297,582 )     (335,491 )     (454,284 )
                                 
Change in A Shares
    237,775       69,905       (63,842 )     39,669  
                                 
Change in Shares
    592,121       175,144       (95,449 )     104,392  
                                 
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


139


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                                 
                                                    Ratio of
   
                                                Ratio of
  Expenses to
   
            Net
                              Ratio of
  Net
  Average
   
            Realized
                              Net
  Investment
  Net Assets
   
            and
          Distributions
      Net
          Expenses
  Income
  (Excluding
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
          to
  to
  Waivers,
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
      Net Assets,
  Average
  Average
  Reimbursements
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
  End of
  Net
  Net
  and Expense
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1)   Period (000)   Assets(2)   Assets(2)   Offset)(2)   Rate(3)
Georgia Tax-Exempt Bond Fund
                                                                                                               
I Shares
                                                                                                               
Six Months Ended September 30, 2008
  $ 9.95     $ 0.18     $ (0.46 )   $ (0.28 )   $ (0.18 )   $     $ (0.18 )   $ 9.49       (2.84 )%   $ 173,982       0.74 %     3.66 %     0.76 %     29 %
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  
Period Ended March 31, 2005†
    10.24       0.28       0.20       0.48       (0.27 )     (0.24 )     (0.51 )     10.21       4.73       96,503       0.67       3.31       0.71       52  
Year Ended May 31, 2004
    10.89       0.34 (a)     (0.58 )     (0.24 )     (0.34 )     (0.07 )     (0.41 )     10.24       (2.18 )     98,113       0.71       3.26       0.76       100  
Year Ended May 31, 2003
    10.29       0.38       0.60       0.98       (0.38 )           (0.38 )     10.89       9.64       98,866       0.71       3.55       0.76       17  
A Shares
                                                                                                               
Six Months Ended September 30, 2008
    9.97       0.18       (0.47 )     (0.29 )     (0.18 )           (0.18 )     9.50       (3.01 )     3,948       0.89     3.51       0.91     29  
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  
Period Ended March 31, 2005†
    10.25       0.27       0.20       0.47       (0.26 )     (0.24 )     (0.50 )     10.22       4.57       2,660       0.86       3.12       0.99       52  
Year Ended May 31, 2004
    10.90       0.32 (a)     (0.58 )     (0.26 )     (0.32 )     (0.07 )     (0.39 )     10.25       (2.39 )     2,735       0.92       3.06       1.36       100  
Year Ended May 31, 2003
    10.31       0.35       0.59       0.94       (0.35 )           (0.35 )     10.90       9.29       2,630       0.92       3.34       1.41       17  
C Shares
                                                                                                               
Six Months Ended September 30, 2008
    9.96       0.13       (0.46 )     (0.33 )     (0.13 )           (0.13 )     9.50       (3.33 )     4,217       1.74     2.66       1.76     29  
Year Ended March 31, 2008
    10.25       0.28       (0.31 )     (0.03 )     (0.26 )           (0.26 )     9.96       (0.31 )     5,063       1.59       2.75       1.60       30  
Year Ended March 31, 2007
    10.17       0.26       0.12       0.38       (0.29 )     (0.01 )     (0.30 )     10.25       3.81       6,508       1.60       2.74       1.60       61  
Year Ended March 31, 2006
    10.22       0.27 (a)     (0.04 )     0.23       (0.27 )     (0.01 )     (0.28 )     10.17       2.25       9,567       1.57       2.61       1.67       43  
Period Ended March 31, 2005†
    10.25       0.22       0.20       0.42       (0.21 )     (0.24 )     (0.45 )     10.22       4.09       10,664       1.42       2.56       1.73       52  
Year Ended May 31, 2004
    10.90       0.27 (a)     (0.58 )     (0.31 )     (0.27 )     (0.07 )     (0.34 )     10.25       (2.87 )     13,351       1.42       2.55       1.84       100  
Year Ended May 31, 2003
    10.30       0.30       0.60       0.90       (0.30 )           (0.30 )     10.90       8.86       16,591       1.42       2.84       1.84       17  
High Grade Municipal Bond Fund
                                                                                                               
I Shares
                                                                                                               
Six Months Ended September 30, 2008
    10.80       0.19       (0.51 )     (0.32 )     (0.19 )           (0.19 )     10.29       (3.02 )     87,260       0.61       3.48       0.61       93  
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  
Period Ended March 31, 2005†
    10.93       0.26       0.10       0.36       (0.26 )     (0.13 )     (0.39 )     10.90       3.31       157,500       0.67       2.84       0.71       66  
Year Ended May 31, 2004
    11.69       0.32 (a)     (0.56 )     (0.24 )     (0.32 )     (0.20 )     (0.52 )     10.93       (2.07 )     165,065       0.71       2.82       0.75       56  
Year Ended May 31, 2003
    10.95       0.40       0.79       1.19       (0.40 )     (0.05 )     (0.45 )     11.69       11.13       147,423       0.71       3.54       0.75       62  
A Shares
                                                                                                               
Six Months Ended September 30, 2008
    10.80       0.18       (0.50 )     (0.32 )     (0.18 )           (0.18 )     10.30       (3.00 )     1,926       0.76       3.35       0.76       93  
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  
Period Ended March 31, 2005†
    10.93       0.25       0.11       0.36       (0.25 )     (0.13 )     (0.38 )     10.91       3.24       6,129       0.86       2.65       0.94       66  
Year Ended May 31, 2004
    11.69       0.30 (a)     (0.56 )     (0.26 )     (0.30 )     (0.20 )     (0.50 )     10.93       (2.28 )     5,906       0.92       2.62       1.13       56  
Year Ended May 31, 2003
    10.95       0.38       0.79       1.17       (0.38 )     (0.05 )     (0.43 )     11.69       10.89       8,191       0.92       3.29       1.13       62  
 
See Notes to Financial Highlights and Notes to Financial Statements.


140


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                                 
                                                    Ratio of
   
                                                Ratio of
  Expenses to
   
            Net
                              Ratio of
  Net
  Average
   
            Realized
                              Net
  Investment
  Net Assets
   
            and
          Distributions
      Net
          Expenses
  Income
  (Excluding
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
          to
  to
  Waivers,
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
      Net Assets,
  Average
  Average
  Reimbursements
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
  End of
  Net
  Net
  and Expense
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1)   Period (000)   Assets(2)   Assets(2)   Offset)(2)   Rate(3)
High Grade Municipal Bond Fund
                                                                                                               
C Shares
                                                                                                               
Six Months Ended September 30, 2008
  $ 10.82     $ 0.14     $ (0.50 )   $ (0.36 )   $ (0.14 )   $     $ (0.14 )   $ 10.32       (3.41 )%   $ 4,206       1.61 %     2.50 %     1.61 %     93 %
Year Ended March 31, 2008
    10.95       0.26       (0.10 )     0.16       (0.26 )     (0.03 )     (0.29 )     10.82       1.46       5,069       1.66       2.40       1.66       183  
Year Ended March 31, 2007
    10.85       0.26       0.12       0.38       (0.26 )     (0.02 )     (0.28 )     10.95       3.49       6,724       1.60       2.37       1.61       128  
Year Ended March 31, 2006
    10.93       0.24       (0.03 )     0.21       (0.24 )     (0.05 )     (0.29 )     10.85       1.95       8,783       1.56       2.22       1.66       90  
Period Ended March 31, 2005†
    10.96       0.19       0.10       0.29       (0.19 )     (0.13 )     (0.32 )     10.93       2.66       12,347       1.42       2.09       1.73       66  
Year Ended May 31, 2004
    11.71       0.24 (a)     (0.55 )     (0.31 )     (0.24 )     (0.20 )     (0.44 )     10.96       (2.68 )     19,952       1.42       2.14       1.81       56  
Year Ended May 31, 2003
    10.97       0.32       0.79       1.11       (0.32 )     (0.05 )     (0.37 )     11.71       10.32       40,241       1.42       2.81       1.80       62  
High Income Fund(4)
                                                                                                               
I Shares
                                                                                                               
Six Months Ended September 30, 2008
    6.40       0.26       (0.53 )     (0.27 )     (0.25 )           (0.25 )     5.88       (4.38 )     26,961       0.70       7.79       0.73       123  
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  
Period Ended March 31, 2005†
    7.38       0.46       0.21       0.67       (0.46 )     (0.21 )     (0.67 )     7.38       9.31       51,318       0.73       7.47       0.87       191  
Year Ended May 31, 2004
    7.16       0.62 (a)     0.22       0.84       (0.62 )           (0.62 )     7.38       11.94       71,314       0.76       8.27       0.91       49  
Year Ended May 31, 2003
    7.25       0.61       (0.09 )     0.52       (0.61 )           (0.61 )     7.16       8.19       100,852       0.78       8.95       0.93       20  
A Shares
                                                                                                               
Six Months Ended September 30, 2008
    6.41       0.24       (0.53 )     (0.29 )     (0.24 )           (0.24 )     5.88       (4.68 )     1,219       0.99       7.24       1.02       123  
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  
Period Ended March 31, 2005†
    7.38       0.44       0.22       0.66       (0.44 )     (0.21 )     (0.65 )     7.39       9.17       739       1.03       7.34       1.39       191  
Period Ended May 31, 2004
    7.39       0.35 (a)     (0.01 )     0.34       (0.35 )           (0.35 )     7.38       4.61       1,508       1.10       7.80       1.88       49  
C Shares
                                                                                                               
Six Months Ended September 30, 2008
    6.40       0.23       (0.53 )     (0.30 )     (0.22 )           (0.22 )     5.88       (4.86 )     17,183       1.69       6.82       1.73       123  
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  
Period Ended March 31, 2005†
    7.38       0.42       0.21       0.63       (0.42 )     (0.21 )     (0.63 )     7.38       8.69       52,847       1.40       6.78       1.88       191  
Year Ended May 31, 2004
    7.16       0.57 (a)     0.22       0.79       (0.57 )           (0.57 )     7.38       11.23       75,693       1.40       7.62       1.98       49  
Year Ended May 31, 2003
    7.25       0.57       (0.09 )     0.48       (0.57 )           (0.57 )     7.16       7.52       64,418       1.40       8.43       2.00       20  
Intermediate Bond Fund(4)
                                                                                                               
I Shares
                                                                                                               
Six Months Ended September 30, 2008
    10.29       0.21       (0.28 )     (0.07 )     (0.20 )           (0.20 )     10.02       (0.65 )     859,080       0.29       4.21       0.29       93  
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  
Period Ended March 31, 2005
    10.37       0.14       (0.21 )     (0.07 )     (0.14 )     (0.08 )     (0.22 )     10.08       (0.75 )     47,981       0.29       3.25       0.29       94  
Year Ended October 31, 2004††
    10.23       0.34       0.14       0.48       (0.34 )           (0.34 )     10.37       4.73       35,848       0.45       3.25       0.59       130  
Year Ended October 31, 2003
    10.12       0.37       0.15       0.52       (0.41 )           (0.41 )     10.23       5.16       28,689       0.45       3.42       0.56       277  
A Shares
                                                                                                               
Six Months Ended September 30, 2008
    10.29       0.21       (0.30 )     (0.09 )     (0.19 )           (0.19 )     10.01       (0.89 )     600       0.54       3.99       0.54       93  
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  
Period Ended March 31, 2005
    10.36       0.13       (0.21 )     (0.08 )     (0.12 )     (0.08 )     (0.20 )     10.08       (0.82 )     1       0.63       2.84       0.63       94  
Period Ended October 31, 2004††
    10.32       0.02       0.04       0.06       (0.02 )           (0.02 )     10.36       0.53       1       0.71       2.58       0.71       130  
 
See Notes to Financial Highlights and Notes to Financial Statements.


141


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                                 
                                                    Ratio of
   
                                                Ratio of
  Expenses to
   
            Net
                              Ratio of
  Net
  Average
   
            Realized
                              Net
  Investment
  Net Assets
   
            and
          Distributions
      Net
          Expenses
  Income
  (Excluding
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
          to
  to
  Waivers,
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
      Net Assets,
  Average
  Average
  Reimbursements
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
  End of
  Net
  Net
  and Expense
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1)   Period (000)   Assets(2)   Assets(2)   Offset)(2)   Rate(3)
Intermediate Bond Fund(4)
                                                                                                               
C Shares
                                                                                                               
Six Months Ended September 30, 2008
  $ 10.29     $ 0.16     $ (0.28 )   $ (0.12 )   $ (0.15 )   $     $ (0.15 )   $ 10.02       (1.15 )%   $ 77       1.28 %     3.16 %     1.28 %     93 %
Year Ended March 31, 2008
    9.95       0.28       0.34       0.62       (0.27 )     (0.01 )     (0.28 )     10.29       6.35       9       1.32       3.66       1.32       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  
Period Ended March 31, 2005
    10.36       0.11       (0.21 )     (0.10 )     (0.10 )     (0.08 )     (0.18 )     10.08       (0.96 )     1       0.91       2.47       1.36       94  
Period Ended October 31, 2004††
    10.32       0.01       0.04       0.05       (0.01 )           (0.01 )     10.36       0.51       1       1.00       2.22       1.41       130  
Investment Grade Bond Fund
                                                                                                               
I Shares
                                                                                                               
Six Months Ended September 30, 2008
    10.74       0.23       (0.38 )     (0.15 )     (0.22 )           (0.22 )     10.37       (1.45 )     381,960       0.56       4.29       0.56       97  
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  
Period Ended March 31, 2005†
    10.31       0.29       0.19       0.48       (0.28 )           (0.28 )     10.51       4.71       602,995       0.78       3.31       0.80       268  
Year Ended May 31, 2004
    10.94       0.35 (a)     (0.60 )     (0.25 )     (0.38 )           (0.38 )     10.31       (2.31 )     578,345       0.82       3.29       0.84       119  
Year Ended May 31, 2003
    10.24       0.40       0.76       1.16       (0.46 )           (0.46 )     10.94       11.61       821,342       0.81       3.92       0.83       137  
A Shares
                                                                                                               
Six Months Ended September 30, 2008
    10.74       0.21       (0.38 )     (0.17 )     (0.20 )           (0.20 )     10.37       (1.59 )     13,370       0.86       4.00       0.86       97  
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  
Period Ended March 31, 2005†
    10.31       0.26       0.18       0.44       (0.25 )           (0.25 )     10.50       4.24       23,687       1.21       2.90       1.26       268  
Year Ended May 31, 2004
    10.94       0.31 (a)     (0.60 )     (0.29 )     (0.34 )           (0.34 )     10.31       (2.70 )     31,263       1.22       2.90       1.38       119  
Year Ended May 31, 2003
    10.24       0.38       0.74       1.12       (0.42 )           (0.42 )     10.94       11.16       34,874       1.22       3.45       1.38       137  
C Shares
                                                                                                               
Six Months Ended September 30, 2008
    10.75       0.17       (0.38 )     (0.21 )     (0.16 )           (0.16 )     10.38       (1.93 )     6,768       1.56       3.31       1.56       97  
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  
Period Ended March 31, 2005†
    10.31       0.21       0.19       0.40       (0.20 )           (0.20 )     10.51       3.90       17,923       1.71       2.39       1.84       268  
Year Ended May 31, 2004
    10.95       0.25 (a)     (0.60 )     (0.35 )     (0.29 )           (0.29 )     10.31       (3.27 )     24,327       1.71       2.40       2.00       119  
Year Ended May 31, 2003
    10.25       0.31       0.76       1.07       (0.37 )           (0.37 )     10.95       10.61       37,810       1.71       3.01       1.97       137  
Investment Grade Tax-Exempt Bond Fund
                                                                                                               
I Shares
                                                                                                               
Six Months Ended September 30, 2008
    11.59       0.18       (0.42 )     (0.24 )     (0.18 )           (0.18 )     11.17       (2.08 )     674,910       0.54       3.17       0.54       124  
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  
Period Ended March 31, 2005†
    11.44       0.23       0.20       0.43       (0.24 )     (0.18 )     (0.42 )     11.45       3.74       259,542       0.77       2.36       0.80       178  
Year Ended May 31, 2004
    12.01       0.27 (a)     (0.32 )     (0.05 )     (0.27 )     (0.25 )     (0.52 )     11.44       (0.45 )     205,266       0.81       2.33       0.84       242  
Year Ended May 31, 2003
    11.57       0.30       0.90       1.20       (0.30 )     (0.46 )     (0.76 )     12.01       10.80       185,485       0.81       2.57       0.84       329  
A Shares
                                                                                                               
Six Months Ended September 30, 2008
    11.60       0.17       (0.42 )     (0.25 )     (0.17 )           (0.17 )     11.18       (2.22 )     11,168       0.84       2.86       0.84       124  
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  
Period Ended March 31, 2005†
    11.46       0.19       0.19       0.38       (0.20 )     (0.18 )     (0.38 )     11.46       3.28       17,430       1.20       1.93       1.26       178  
Year Ended May 31, 2004
    12.03       0.23 (a)     (0.33 )     (0.10 )     (0.22 )     (0.25 )     (0.47 )     11.46       (0.85 )     19,086       1.22       1.92       1.36       242  
Year Ended May 31, 2003
    11.58       0.25       0.91       1.16       (0.25 )     (0.46 )     (0.71 )     12.03       10.42       21,756       1.22       2.16       1.36       329  
 
See Notes to Financial Highlights and Notes to Financial Statements.


142


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                                 
                                                    Ratio of
   
                                                Ratio of
  Expenses to
   
            Net
                              Ratio of
  Net
  Average
   
            Realized
                              Net
  Investment
  Net Assets
   
            and
          Distributions
      Net
          Expenses
  Income
  (Excluding
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
          to
  to
  Waivers,
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
      Net Assets,
  Average
  Average
  Reimbursements
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
  End of
  Net
  Net
  and Expense
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1)   Period (000)   Assets(2)   Assets(2)   Offset)(2)   Rate(3)
Investment Grade Tax-Exempt Bond Fund
                                                                                                               
C Shares
                                                                                                               
Six Months Ended September 30, 2008
  $ 11.58     $ 0.13     $ (0.42 )   $ (0.29 )   $ (0.13 )   $     $ (0.13 )   $ 11.16       (2.57 )%   $ 5,439       1.54 %     2.17 %     1.54 %     124 %
Year Ended March 31, 2008
    11.46       0.26       0.16       0.42       (0.27 )     (0.03 )     (0.30 )     11.58       3.69       5,983       1.57       2.33       1.57       189  
Year Ended March 31, 2007
    11.37       0.26       0.13       0.39       (0.26 )     (0.04 )     (0.30 )     11.46       3.48       7,254       1.55       2.27       1.55       214  
Year Ended March 31, 2006
    11.44       0.21       0.01       0.22       (0.21 )     (0.08 )     (0.29 )     11.37       1.92       10,284       1.65       1.85       1.67       237  
Period Ended March 31, 2005†
    11.44       0.14       0.19       0.33       (0.15 )     (0.18 )     (0.33 )     11.44       2.86       15,612       1.70       1.43       1.82       178  
Year Ended May 31, 2004
    12.01       0.17 (a)     (0.32 )     (0.15 )     (0.17 )     (0.25 )     (0.42 )     11.44       (1.33 )     22,969       1.70       1.45       1.92       242  
Year Ended May 31, 2003
    11.57       0.20       0.90       1.10       (0.20 )     (0.46 )     (0.66 )     12.01       9.82       32,684       1.70       1.68       1.91       329  
Limited Duration Fund
                                                                                                               
I Shares
                                                                                                               
Six Months Ended September 30, 2008
    9.87       0.14       (0.15 )     (0.01 )     (0.13 )           (0.13 )     9.73       (0.12 )     42,174       0.18       2.79       0.18       14  
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  
Period Ended March 31, 2005
    9.98       0.08             0.08       (0.08 )           (0.08 )     9.98       0.84       83,315       0.16       2.12       0.16       12  
Year Ended October 31, 2004††
    9.98       0.11             0.11       (0.11 )           (0.11 )     9.98       1.09       129,259       0.20       1.04       0.26       101  
Year Ended October 31, 2003
    10.00       0.11       (0.02 )     0.09       (0.11 )           (0.11 )     9.98       0.92       146,513       0.20       1.10       0.26       244  
Limited-Term Federal Mortgage Securities Fund
                                                                                                               
I Shares
                                                                                                               
Six Months Ended September 30, 2008
    9.93       0.22       (0.11 )     0.11       (0.24 )           (0.24 )     9.80       1.16       53,070       0.60       4.41       0.60       199  
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  
Period Ended March 31, 2005†
    10.18       0.31       (0.08 )     0.23       (0.32 )           (0.32 )     10.09       2.26       407,543       0.66       3.60       0.71       41  
Year Ended May 31, 2004
    10.59       0.24 (a)     (0.36 )     (0.12 )     (0.29 )           (0.29 )     10.18       (1.10 )     435,446       0.70       2.32       0.75       146  
Year Ended May 31, 2003
    10.31       0.29 (a)     0.42       0.71       (0.42 )     (0.01 )     (0.43 )     10.59       6.99       320,718       0.70       2.79       0.75       117  
A Shares
                                                                                                               
Six Months Ended September 30, 2008
    9.91       0.21       (0.11 )     0.10       (0.23 )           (0.23 )     9.78       1.06       2,082       0.81       4.23       0.81       199  
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  
Period Ended March 31, 2005†
    10.16       0.29       (0.08 )     0.21       (0.30 )           (0.30 )     10.07       2.07       5,854       0.90       3.47       1.00       41  
Year Ended May 31, 2004
    10.57       0.21 (a)     (0.35 )     (0.14 )     (0.27 )           (0.27 )     10.16       (1.36 )     9,495       0.96       2.06       1.17       146  
Year Ended May 31, 2003
    10.29       0.24 (a)     0.44       0.68       (0.39 )     (0.01 )     (0.40 )     10.57       6.72       13,668       0.96       2.33       1.20       117  
C Shares
                                                                                                               
Six Months Ended September 30, 2008
    9.93       0.17       (0.11 )     0.06       (0.19 )           (0.19 )     9.80       0.66       8,973       1.60       3.42       1.60       199  
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  
Period Ended March 31, 2005†
    10.18       0.25       (0.07 )     0.18       (0.26 )           (0.26 )     10.10       1.81       34,924       1.31       3.04       1.74       41  
Year Ended May 31, 2004
    10.59       0.17 (a)     (0.35 )     (0.18 )     (0.23 )           (0.23 )     10.18       (1.71 )     70,000       1.31       1.68       1.82       146  
Year Ended May 31, 2003
    10.31       0.21 (a)     0.43       0.64       (0.35 )     (0.01 )     (0.36 )     10.59       6.33       166,211       1.31       1.97       1.80       117  
 
See Notes to Financial Highlights and Notes to Financial Statements.


143


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                                 
                                                    Ratio of
   
                                                Ratio of
  Expenses to
   
            Net
                              Ratio of
  Net
  Average
   
            Realized
                              Net
  Investment
  Net Assets
   
            and
          Distributions
      Net
          Expenses
  Income
  (Excluding
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
          to
  to
  Waivers,
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
      Net Assets,
  Average
  Average
  Reimbursements
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
  End of
  Net
  Net
  and Expense
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1)   Period (000)   Assets(2)   Assets(2)   Offset)(2)   Rate(3)
Maryland Municipal Bond Fund(4)
                                                                                                               
I Shares
                                                                                                               
Six Months Ended September 30, 2008
  $ 10.04     $ 0.18     $ (0.39 )   $ (0.21 )   $ (0.18 )   $     $ (0.18 )   $ 9.65       (2.12 )%   $ 33,252       0.62 %     3.62 %     0.62 %     9 %
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  
Period Ended March 31, 2005†
    10.27       0.30       0.10       0.40       (0.31 )     (0.09 )     (0.40 )     10.27       3.87       31,046       0.64       3.49       0.72       30  
Year Ended May 31, 2004
    10.94       0.36 (a)     (0.47 )     (0.11 )     (0.36 )     (0.20 )     (0.56 )     10.27       (1.06 )     29,735       0.72       3.39       0.80       15  
Year Ended May 31, 2003
    10.32       0.37       0.63       1.00       (0.37 )     (0.01 )     (0.38 )     10.94       9.85       30,501       0.70       3.47       0.78       31  
A Shares
                                                                                                               
Six Months Ended September 30, 2008
    10.05       0.17       (0.39 )     (0.22 )     (0.17 )           (0.17 )     9.66       (2.19 )     44       0.77       3.46       0.77       9  
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  
C Shares
                                                                                                               
Six Months Ended September 30, 2008
    10.06       0.13       (0.39 )     (0.26 )     (0.13 )           (0.13 )     9.67       (2.60 )     5,582       1.61       2.61       1.62       9  
Year Ended March 31, 2008
    10.23       0.27       (0.16 )     0.11       (0.27 )     (0.01 )     (0.28 )     10.06       1.05       5,868       1.63       2.67       1.63       23  
Year Ended March 31, 2007
    10.16       0.28 (a)     0.11       0.39       (0.28 )     (0.04 )     (0.32 )     10.23       3.88       6,873       1.63       2.75       1.63       57  
Year Ended March 31, 2006
    10.29       0.28       (0.04 )     0.24       (0.28 )     (0.09 )     (0.37 )     10.16       2.30       9,333       1.67       2.69       1.70       55  
Period Ended March 31, 2005†
    10.29       0.21       0.10       0.31       (0.22 )     (0.09 )     (0.31 )     10.29       3.03       13,197       1.63       2.50       1.74       30  
Year Ended May 31, 2004
    10.96       0.26 (a)     (0.47 )     (0.21 )     (0.26 )     (0.20 )     (0.46 )     10.29       (1.97 )     18,897       1.64       2.46       1.82       15  
Year Ended May 31, 2003
    10.34       0.27       0.63       0.90       (0.27 )     (0.01 )     (0.28 )     10.96       8.81       29,556       1.64       2.52       1.81       31  
North Carolina Tax-Exempt Bond Fund(4)
                                                                                                               
I Shares
                                                                                                               
Six Months Ended September 30, 2008
    9.71       0.17       (0.44 )     (0.27 )     (0.17 )           (0.17 )     9.27       (2.81 )     43,804       0.60       3.55       0.61       30  
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  
Period Ended March 31, 2005†
    9.76       0.25       0.14       0.39       (0.25 )     (0.03 )     (0.28 )     9.87       3.97       40,798       0.75       2.78       0.82       32  
Period Ended May 31, 2004
    10.00       0.09       (0.24 )     (0.15 )     (0.09 )           (0.09 )     9.76       (1.52 )     32,757       0.75       2.45       2.30       20  
A Shares
                                                                                                               
Six Months Ended September 30, 2008
    9.68       0.17       (0.43 )     (0.26 )     (0.17 )           (0.17 )     9.25       (2.78 )     584       0.76       3.42       0.76       30  
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  
Period Ended March 31, 2005†
    9.97       0.01       (0.10 )     (0.09 )     (0.01 )           (0.01 )     9.87       (0.89 )                 3.84             32  
C Shares
                                                                                                               
Six Months Ended September 30, 2008(e)
                                                                                   
Year Ended March 31, 2008(f)
    10.04       0.02       (0.01 )     0.01       (0.02 )           (0.02 )     10.03       0.12             1.62       2.62       1.62       76  
Year Ended March 31, 2007
    9.89       0.25 (a)     0.15       0.40       (0.25 )           (0.25 )     10.04       4.14       2       1.59       2.56       1.59       84  
Year Ended March 31, 2006
    9.87       0.30       0.02       0.32       (0.30 )           (0.30 )     9.89       3.23       2       1.58       2.18       1.58       85  
Period Ended March 31, 2005†
    9.97       0.01       (0.10 )     (0.09 )     (0.01 )           (0.01 )     9.87       (0.90 )                 3.70             32  
 
See Notes to Financial Highlights and Notes to Financial Statements.


144


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                                 
                                                    Ratio of
   
                                                Ratio of
  Expenses to
   
            Net
                              Ratio of
  Net
  Average
   
            Realized
                              Net
  Investment
  Net Assets
   
            and
          Distributions
      Net
          Expenses
  Income
  (Excluding
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
          to
  to
  Waivers,
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
      Net Assets,
  Average
  Average
  Reimbursements
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
  End of
  Net
  Net
  and Expense
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1)   Period (000)   Assets(2)   Assets(2)   Offset)(2)   Rate(3)
Seix Floating Rate High Income Fund(4)
                                                                                                               
I Shares
                                                                                                               
Six Months Ended September 30, 2008
  $ 8.90     $ 0.26     $ (0.23 )   $ 0.03     $ (0.26 )   $     $ (0.26 )   $ 8.67       0.26 %   $ 534,752       0.49 %     5.76 %     0.49 %     106 %
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
                                                                                                               
Six Months Ended September 30, 2008
    8.90       0.25       (0.23 )     0.02       (0.25 )           (0.25 )     8.67       0.11       6,481       0.79       5.47       0.79       106  
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
                                                                                                               
Six Months Ended September 30, 2008
    8.90       0.22       (0.23 )     (0.01 )     (0.22 )           (0.22 )     8.67       (0.24 )     273       1.49       4.78       1.49       106  
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
                                                                                                               
I Shares
                                                                                                               
Period Ended September 30, 2008
    10.00             0.03       0.03                         10.03       0.35       4,562       0.82       0.84       2.87        
Seix High Yield Fund(4)
I Shares
                                                                                                               
Six Months Ended September 30, 2008
    9.77       0.38       (0.79 )     (0.41 )     (0.38 )           (0.38 )     8.98       (4.35 )     693,331       0.49       7.94       0.50       64  
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  
Period Ended March 31, 2005
    11.42       0.29       (0.35 )     (0.06 )     (0.29 )     (0.13 )     (0.42 )     10.94       (0.53 )     1,391,879       0.51       6.22       0.57       42  
Year Ended October 31, 2004††
    11.09       0.72       0.35       1.07       (0.72 )     (0.02 )     (0.74 )     11.42       9.97       1,689,327       0.55       6.48       0.64       73  
Year Ended October 31, 2003
    10.17       0.68       0.92       1.60       (0.68 )           (0.68 )     11.09       16.10       1,057,993       0.55       6.67       0.67       108  
A Shares
                                                                                                               
Six Months Ended September 30, 2008
    9.55       0.37       (0.77 )     (0.40 )     (0.37 )           (0.37 )     8.78       (4.36 )     17,617       0.76       7.87       0.76       64  
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  
Period Ended March 31, 2005
    11.18       0.28       (0.35 )     (0.07 )     (0.28 )     (0.13 )     (0.41 )     10.70       (0.64 )     9,706       0.78       6.12       0.85       42  
Year Ended October 31, 2004††
    10.75       0.56       0.45       1.01       (0.56 )     (0.02 )     (0.58 )     11.18       9.73       15,975       0.80       6.22       0.88       73  
Year Ended October 31, 2003
    9.78       0.68       0.82       1.50       (0.53 )           (0.53 )     10.75       15.72       14,992       0.90       6.45       0.93       108  
C Shares
                                                                                                               
Six Months Ended September 30, 2008
    9.77       0.34       (0.79 )     (0.45 )     (0.34 )           (0.34 )     8.98       (4.83 )     3,400       1.49       6.91       1.50       64  
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  
Period Ended March 31, 2005
    11.42       0.26       (0.36 )     (0.10 )     (0.26 )     (0.13 )     (0.39 )     10.93       (0.89 )     3,260       1.41       5.46       1.54       42  
Period Ended October 31, 2004††
    11.32       0.04       0.10       0.14       (0.04 )           (0.04 )     11.42       1.20       1       1.18       6.29       1.41       73  
 
See Notes to Financial Highlights and Notes to Financial Statements.


145


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                                 
                                                    Ratio of
   
                                                Ratio of
  Expenses to
   
            Net
                              Ratio of
  Net
  Average
   
            Realized
                              Net
  Investment
  Net Assets
   
            and
          Distributions
      Net
          Expenses
  Income
  (Excluding
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
          to
  to
  Waivers,
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
      Net Assets,
  Average
  Average
  Reimbursements
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
  End of
  Net
  Net
  and Expense
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1)   Period (000)   Assets(2)   Assets(2)   Offset)(2)   Rate(3)
Short-Term Bond Fund
I Shares
                                                                                                               
Six Months Ended September 30, 2008
  $ 9.87     $ 0.20     $ (0.40 )   $ (0.20 )   $ (0.20 )   $     $ (0.20 )   $ 9.47       (2.02 )%   $ 385,077       0.45 %     4.20 %     0.45 %     49 %
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  
Period Ended March 31, 2005†
    9.84       0.20       (0.11 )     0.09       (0.20 )           (0.20 )     9.73       0.96       288,502       0.66       2.48       0.71       64  
Year Ended May 31, 2004
    10.04       0.24 (a)     (0.19 )     0.05       (0.25 )           (0.25 )     9.84       0.45       282,188       0.70       2.42       0.75       66  
Year Ended May 31, 2003
    10.01       0.33       0.03       0.36       (0.33 )           (0.33 )     10.04       3.70       302,708       0.70       3.34       0.75       89  
A Shares
                                                                                                               
Six Months Ended September 30, 2008
    9.89       0.19       (0.39 )     (0.20 )     (0.19 )           (0.19 )     9.50       (2.01 )     3,421       0.65       3.99       0.65       49  
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  
Period Ended March 31, 2005†
    9.87       0.19       (0.12 )     0.07       (0.19 )           (0.19 )     9.75       0.67       5,783       0.89       2.26       1.00       64  
Year Ended May 31, 2004
    10.07       0.22 (a)     (0.20 )     0.02       (0.22 )           (0.22 )     9.87       0.24       5,880       0.91       2.21       1.21       66  
Year Ended May 31, 2003
    10.04       0.31       0.03       0.34       (0.31 )           (0.31 )     10.07       3.47       5,685       0.91       3.09       1.28       89  
C Shares
                                                                                                               
Six Months Ended September 30, 2008
    9.89       0.16       (0.39 )     (0.23 )     (0.16 )           (0.16 )     9.50       (2.40 )     3,065       1.45       3.19       1.45       49  
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  
Period Ended March 31, 2005†
    9.86       0.16       (0.11 )     0.05       (0.16 )           (0.16 )     9.75       0.46       15,114       1.26       1.88       1.74       64  
Year Ended May 31, 2004
    10.06       0.19 (a)     (0.20 )     (0.01 )     (0.19 )           (0.19 )     9.86       (0.11 )     23,528       1.26       1.87       1.87       66  
Year Ended May 31, 2003
    10.03       0.28       0.03       0.31       (0.28 )           (0.28 )     10.06       3.11       32,608       1.26       2.74       1.85       89  
 
See Notes to Financial Highlights and Notes to Financial Statements.


146


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                                         
                                                        Ratio of
   
                                                    Ratio of
  Expenses to
   
            Net
                                  Ratio of
  Net
  Average
   
            Realized
                                  Net
  Investment
  Net Assets
   
            and
              Distributions
      Net
          Expenses
  Income
  (Excluding
   
    Net Asset
  Net
  Unrealized
      Dividends
  Distributions
  from
  Total
  Asset
          to
  to
  Waivers,
   
    Value,
  Investment
  Gains
      from Net
  from Tax
  Realized
  Dividends
  Value,
      Net Assets,
  Average
  Average
  Reimbursements
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Return of
  Capital
  and
  End of
  Total
  End of
  Net
  Net
  and Expense
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Capital   Gains   Distributions   Period   Return(1)   Period (000)   Assets(2)   Assets(2)   Offset)(2)   Rate(3)
Short-Term U.S. Treasury Securities Fund
I Shares
                                                                                                                       
Six Months Ended September 30, 2008
  $ 10.26     $ 0.16     $ (0.09 )   $ 0.07     $ (0.16 )   $     $     $ (0.16 )   $ 10.17       0.73 %   $ 58,211       0.48 %     3.21 %     0.48 %     86 %
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  
Period Ended March 31, 2005†
    10.11       0.14       (0.11 )     0.03       (0.14 )           (0.09 )     (0.23 )     9.91       0.35       69,935       0.65       1.68       0.71       82  
Year Ended May 31, 2004
    10.36       0.14 (a)     (0.13 )     0.01       (0.14 )           (0.12 )     (0.26 )     10.11       0.11       92,371       0.70       1.36       0.76       131  
Year Ended May 31, 2003
    10.20       0.22       0.22       0.44       (0.22 )           (0.06 )     (0.28 )     10.36       4.31       121,617       0.69       2.07       0.75       140  
A Shares
                                                                                                                       
Six Months Ended September 30, 2008
    10.25       0.15       (0.09 )     0.06       (0.15 )                 (0.15 )     10.16       0.64       9,812       0.65       2.88       0.66       86  
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  
Period Ended March 31, 2005†
    10.10       0.13       (0.11 )     0.02       (0.13 )           (0.09 )     (0.22 )     9.90       0.21       6,349       0.84       1.47       0.95       82  
Year Ended May 31, 2004
    10.35       0.12 (a)     (0.13 )     (0.01 )     (0.12 )           (0.12 )     (0.24 )     10.10       (0.06 )     12,823       0.86       1.20       1.06       131  
Year Ended May 31, 2003
    10.19       0.20       0.22       0.42       (0.20 )           (0.06 )     (0.26 )     10.35       4.13       15,558       0.86       1.76       1.07       140  
C Shares
                                                                                                                       
Six Months Ended September 30, 2008
    10.25       0.11       (0.10 )     0.01       (0.11 )                 (0.11 )     10.15       0.13       8,132       1.48       2.24       1.48       86  
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  
Period Ended March 31, 2005†
    10.09       0.10       (0.11 )     (0.01 )     (0.10 )           (0.09 )     (0.19 )     9.89       (0.03 )     33,796       1.12       1.22       1.74       82  
Year Ended May 31, 2004
    10.34       0.10 (a)     (0.13 )     (0.03 )     (0.10 )           (0.12 )     (0.22 )     10.09       (0.30 )     62,232       1.11       0.97       1.82       131  
Year Ended May 31, 2003
    10.18       0.17       0.22       0.39       (0.17 )           (0.06 )     (0.23 )     10.34       3.88       127,757       1.11       1.59       1.79       140  
Strategic Income Fund(4)
                                                                                                                       
I Shares
                                                                                                                       
Six Months Ended September 30, 2008
    9.60       0.24 (a)     (0.30 )     (0.06 )     (0.24 )                 (0.24 )     9.30       (0.60 )     51,883       0.73       5.08       0.73       142  
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  
Period Ended March 31, 2005†
    9.81       0.39 (a)     0.49       0.88       (0.39 )           (0.06 )     (0.45 )     10.24       9.10       196,921       0.86       4.55       0.96       305  
Year Ended May 31, 2004
    9.99       0.55 (a)     (0.14 )     0.41       (0.53 )           (0.06 )     (0.59 )     9.81       4.15       98,570       0.90       5.53       1.00       95  
Year Ended May 31, 2003
    9.80       0.61       0.20       0.81       (0.62 )                 (0.62 )     9.99       8.73       61,906       0.91       6.39       1.01       52  
A Shares
                                                                                                                       
Six Months Ended September 30, 2008
    9.64       0.23 (a)     (0.30 )     (0.07 )     (0.23 )                 (0.23 )     9.34       (0.75 )     837       1.03       4.78       1.03       142  
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  
Period Ended March 31, 2005†
    9.82       0.39 (a)     0.49       0.88       (0.37 )           (0.06 )     (0.43 )     10.27       9.04       3,795       1.15       4.59       1.37       305  
Period Ended May 31, 2004
    9.93       0.33 (a)     (0.07 )     0.26       (0.31 )           (0.06 )     (0.37 )     9.82       2.59       4,181       1.15       5.15       1.60       95  
C Shares
                                                                                                                       
Six Months Ended September 30, 2008
    9.61       0.19 (a)     (0.30 )     (0.11 )     (0.20 )                 (0.20 )     9.30       (1.20 )     21,990       1.73       4.08       1.73       142  
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  
Period Ended March 31, 2005†
    9.81       0.37 (a)     0.46       0.83       (0.34 )           (0.06 )     (0.40 )     10.24       8.60       79,792       1.42       4.34       1.98       305  
Year Ended May 31, 2004
    9.99       0.50 (a)     (0.14 )     0.36       (0.48 )           (0.06 )     (0.54 )     9.81       3.59       117,216       1.43       4.98       2.03       95  
Year Ended May 31, 2003
    9.80       0.57       0.19       0.76       (0.57 )                 (0.57 )     9.99       8.16       129,965       1.43       5.67       2.04       52  
 
See Notes to Financial Highlights and Notes to Financial Statements.


147


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                                 
                                                    Ratio of
   
                                                Ratio of
  Expenses to
   
            Net
                              Ratio of
  Net
  Average
   
            Realized
                              Net
  Investment
  Net Assets
   
            and
          Distributions
      Net
          Expenses
  Income
  (Excluding
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
          to
  to
  Waivers,
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
      Net Assets,
  Average
  Average
  Reimbursements
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
  End of
  Net
  Net
  and Expense
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1)   Period (000)   Assets(2)   Assets(2)   Offset)(2)   Rate(3)
Total Return Bond Fund(4)
                                                                                                               
I Shares
                                                                                                               
Six Months Ended September 30, 2008
  $ 10.10     $ 0.24     $ (0.32 )   $ (0.08 )   $ (0.22 )   $     $ (0.22 )   $ 9.80       (0.77 )%   $ 569,701       0.30 %     4.76 %     0.30 %     95 %
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  
Period Ended March 31, 2005
    10.30       0.15       (0.14 )     0.01       (0.14 )     (0.05 )     (0.19 )     10.12       0.09       176,537       0.37       3.12       0.37       150  
Year Ended October 31, 2004††
    10.31       0.31       0.23       0.54       (0.32 )     (0.23 )     (0.55 )     10.30       5.49       56,019       0.45       3.03       0.59       330  
Year Ended October 31, 2003
    10.00       0.30       0.35       0.65       (0.34 )           (0.34 )     10.31       6.58       33,662       0.45       3.10       0.51       463  
A Shares
                                                                                                               
Six Months Ended September 30, 2008
    10.40       0.22       (0.32 )     (0.10 )     (0.21 )           (0.21 )     10.09       (0.98 )     257       0.54       4.42       0.54       95  
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  
Period Ended March 31, 2005
    10.60       0.12 (a)     (0.13 )     (0.01 )     (0.13 )     (0.05 )     (0.18 )     10.41       (0.11 )     267       0.62       2.78       0.62       150  
Year Ended October 31, 2004††
    10.49       0.18       0.35       0.53       (0.19 )     (0.23 )     (0.42 )     10.60       5.22       417       0.70       2.80       0.83       330  
Year Ended October 31, 2003
    10.08       0.29       0.34       0.63       (0.22 )           (0.22 )     10.49       6.24       303       0.68       2.66       0.68       463  
C Shares
                                                                                                               
Six Months Ended September 30, 2008
    10.10       0.18       (0.31 )     (0.13 )     (0.17 )           (0.17 )     9.80       (1.26 )     60       1.29       3.78       1.29       95  
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  
Period Ended March 31, 2005
    10.30       0.11       (0.13 )     (0.02 )     (0.11 )     (0.05 )     (0.16 )     10.12       (0.17 )     1       1.01       2.50       1.37       150  
Period Ended October 31, 2004††
    10.25       0.01       0.06       0.07       (0.02 )           (0.02 )     10.30       0.65       1       1.10       2.71       1.41       330  
Ultra-Short Bond Fund(b)
                                                                                                               
I Shares
                                                                                                               
Six Months Ended September 30, 2008
    9.91       0.20       (0.26 )     (0.06 )     (0.20 )           (0.20 )     9.65       (0.65 )     77,673       0.30       3.93       0.34       55  
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  
Period Ended March 31, 2005†
    10.05       0.15       (0.05 )     0.10       (0.15 )           (0.15 )     10.00       1.22       74,259       0.31       1.89       0.81       44  
Year Ended May 31, 2004
    10.10       0.15 (a)     (0.05 )     0.10       (0.15 )           (0.15 )     10.05       1.01       112,453       0.31       1.50       0.86       83  
Year Ended May 31, 2003
    10.00       0.20       0.10       0.30       (0.20 )           (0.20 )     10.10       3.16       146,590       0.31       1.84       0.86       56  
U.S. Government Securities Fund
                                                                                                               
I Shares
                                                                                                               
Six Months Ended September 30, 2008
    10.59       0.17       (0.03 )     0.14       (0.17 )           (0.17 )     10.56       1.38       479,656       0.55       3.30       0.55       72  
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  
Period Ended March 31, 2005†
    10.35       0.29       0.09       0.38       (0.31 )           (0.31 )     10.42       3.74       319,058       0.77       3.41       0.80       64  
Year Ended May 31, 2004
    10.93       0.31 (a)     (0.50 )     (0.19 )     (0.35 )     (0.04 )     (0.39 )     10.35       (1.77 )     298,997       0.81       2.95       0.84       240  
Year Ended May 31, 2003
    10.47       0.44       0.51       0.95       (0.46 )     (0.03 )     (0.49 )     10.93       9.25       258,585       0.81       4.00       0.84       150  
A Shares
                                                                                                               
Six Months Ended September 30, 2008
    10.59       0.16       (0.03 )     0.13       (0.16 )           (0.16 )     10.56       1.23       2,840       0.85       3.04       0.85       72  
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  
Period Ended March 31, 2005†
    10.35       0.26       0.08       0.34       (0.28 )           (0.28 )     10.41       3.32       3,080       1.17       3.17       1.28       64  
Year Ended May 31, 2004
    10.93       0.27 (a)     (0.50 )     (0.23 )     (0.31 )     (0.04 )     (0.35 )     10.35       (2.17 )     8,484       1.22       2.54       1.52       240  
Year Ended May 31, 2003
    10.47       0.40       0.51       0.91       (0.42 )     (0.03 )     (0.45 )     10.93       8.79       9,333       1.22       3.59       1.45       150  
 
See Notes to Financial Highlights and Notes to Financial Statements.


148


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                                 
                                                    Ratio of
   
                                                Ratio of
  Expenses to
   
            Net
                              Ratio of
  Net
  Average
   
            Realized
                              Net
  Investment
  Net Assets
   
            and
          Distributions
      Net
          Expenses
  Income
  (Excluding
   
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
          to
  to
  Waivers,
   
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
      Net Assets,
  Average
  Average
  Reimbursements
  Portfolio
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
  End of
  Net
  Net
  and Expense
  Turnover
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1)   Period (000)   Assets(2)   Assets(2)   Offset)(2)   Rate(3)
U.S. Government Securities Fund
                                                                                                               
C Shares
                                                                                                               
Six Months Ended September 30, 2008
  $ 10.59     $ 0.12     $ (0.03 )   $ 0.09     $ (0.12 )   $     $ (0.12 )   $ 10.56       0.87 %   $ 3,924       1.55 %     2.31 %     1.55 %     72 %
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  
Period Ended March 31, 2005†
    10.35       0.21       0.08       0.29       (0.23 )           (0.23 )     10.41       2.83       12,229       1.74       2.50       1.85       64  
Year Ended May 31, 2004
    10.93       0.22 (a)     (0.50 )     (0.28 )     (0.26 )     (0.04 )     (0.30 )     10.35       (2.67 )     18,993       1.73       2.04       1.97       240  
Year Ended May 31, 2003
    10.48       0.34       0.50       0.84       (0.36 )     (0.03 )     (0.39 )     10.93       8.14       39,423       1.73       3.10       1.93       150  
U.S. Government Securities Ultra-Short Bond Fund(b)
                                                                                                               
I Shares
                                                                                                               
Six Months Ended September 30, 2008
    10.03       0.20       (0.05 )     0.15       (0.21 )           (0.21 )     9.97       1.53       86,875       0.27       4.00       0.29       87  
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  
Period Ended March 31, 2005†
    9.95       0.20       (0.05 )     0.15       (0.20 )           (0.20 )     9.90       1.36       49,623       0.18       2.02       0.71       42  
Year Ended May 31, 2004
    10.00       0.15 (a)     (0.05 )     0.10       (0.15 )           (0.15 )     9.95       1.01       77,360       0.24       1.25       0.77       109  
Year Ended May 31, 2003
    9.95       0.20       0.06       0.26       (0.20 )     (0.01 )     (0.21 )     10.00       2.80       95,277       0.23       1.76       0.76       87  
Virginia Intermediate Municipal Bond Fund(4)
                                                                                                               
I Shares
                                                                                                               
Six Months Ended September 30, 2008
    10.09       0.18       (0.31 )     (0.13 )     (0.18 )           (0.18 )     9.78       (1.33 )     196,516       0.60       3.55       0.60       7  
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  
Period Ended March 31, 2005†
    10.15       0.28       0.05       0.33       (0.28 )     (0.09 )     (0.37 )     10.11       3.21       176,959       0.71       3.23       0.71       46  
Year Ended May 31, 2004
    10.68       0.34 (a)     (0.44 )     (0.10 )     (0.34 )     (0.09 )     (0.43 )     10.15       (1.00 )     181,558       0.75       3.23       0.75       26  
Year Ended May 31, 2003
    10.29       0.36       0.49       0.85       (0.36 )     (0.10 )     (0.46 )     10.68       8.43       206,432       0.75       3.45       0.75       30  
A Shares
                                                                                                               
Six Months Ended September 30, 2008
    10.09       0.17       (0.31 )     (0.14 )     (0.17 )           (0.17 )     9.78       (1.40 )     6,921       0.75       3.40       0.75       7  
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  
Period Ended March 31, 2005†
    10.15       0.27       0.05       0.32       (0.27 )     (0.09 )     (0.36 )     10.11       3.14       7,143       0.80       3.16       0.90       46  
Year Ended May 31, 2004
    10.68       0.33 (a)     (0.44 )     (0.11 )     (0.33 )     (0.09 )     (0.42 )     10.15       (1.04 )     10,566       0.79       3.19       1.04       26  
Year Ended May 31, 2003
    10.29       0.36       0.49       0.85       (0.36 )     (0.10 )     (0.46 )     10.68       8.38       10,484       0.79       3.40       1.07       30  
C Shares
                                                                                                               
Six Months Ended September 30, 2008
    10.09       0.13       (0.31 )     (0.18 )     (0.13 )           (0.13 )     9.78       (1.82 )     2,773       1.60       2.56       1.60       7  
Year Ended March 31, 2008
    10.11       0.27       (0.02 )     0.25       (0.27 )           (0.27 )     10.09       2.48       3,101       1.60       2.65       1.60       28  
Year Ended March 31, 2007
    10.01       0.26       0.10       0.36       (0.26 )           (0.26 )     10.11       3.64       3,289       1.60       2.63       1.61       54  
Period Ended March 31, 2006
    10.27       0.14       (0.19 )     (0.05 )     (0.14 )     (0.07 )     (0.21 )     10.01       (0.52 )     9       1.62       2.35       1.62       54  
 
See Notes to Financial Highlights and Notes to Financial Statements.


149


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                         
                                                    Ratio of
                                                Ratio of
  Expenses to
            Net
                              Ratio of
  Net
  Average
            Realized
                              Net
  Investment
  Net Assets
            and
          Distributions
      Net
          Expenses
  Income
  (Excluding
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
          to
  to
  Waivers,
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
      Net Assets,
  Average
  Average
  Reimbursements
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
  End of
  Net
  Net
  and Expense
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1)   Period (000)   Assets(2)   Assets(2)   Offset)(2)
Prime Quality Money Market Fund
                                                                                                       
I Shares
                                                                                                       
Six Months Ended September 30, 2008
  $ 1.00     $ 0.01     $     $ 0.01     $ (0.01 )   $     $ (0.01 )   $ 1.00       1.10 %(g)   $ 3,342,751       0.52 %     2.19 %(g)     0.52 %
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  
Period Ended March 31, 2005†
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       1.13       3,173,794       0.60       1.34       0.71  
Year Ended May 31, 2004
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.52       3,477,598       0.63       0.52       0.74  
Year Ended May 31, 2003
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       1.17       4,284,266       0.63       1.14       0.74  
A Shares
                                                                                                       
Six Months Ended September 30, 2008
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       1.02 (g)     5,153,615       0.67       2.04 (g)     0.67  
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  
Period Ended March 31, 2005†
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.96       2,124,606       0.80       1.17       0.91  
Year Ended May 31, 2004
    1.00                                           1.00       0.34       1,851,615       0.81       0.34       0.95  
Year Ended May 31, 2003
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.98       1,925,521       0.81       0.96       0.94  
C Shares
                                                                                                       
Six Months Ended September 30, 2008
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.97 (g)     2,920       0.77       1.94 (g)     0.77  
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  
Period Ended March 31, 2005†
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.94       10,093       0.83       0.99       1.48  
Year Ended May 31, 2004
    1.00                                           1.00       0.22       25,444       0.93       0.21       1.59  
Year Ended May 31, 2003
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.54       14,633       1.25       0.53       1.62  
Tax-Exempt Money Market Fund
                                                                                                       
I Shares
                                                                                                       
Six Months Ended September 30, 2008
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.81       1,399,642       0.48       1.60       0.48  
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  
Period Ended March 31, 2005†
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.90       936,272       0.51       1.04       0.61  
Year Ended May 31, 2004
    1.00                                           1.00       0.48       978,548       0.55       0.46       0.64  
Year Ended May 31, 2003
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.81       1,088,415       0.54       0.79       0.64  
A Shares
                                                                                                       
Six Months Ended September 30, 2008
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.73       419,387       0.63       1.43       0.63  
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  
Period Ended March 31, 2005†
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.78       402,333       0.65       0.92       0.75  
Year Ended May 31, 2004
    1.00                                           1.00       0.35       274,543       0.67       0.34       0.80  
Year Ended May 31, 2003
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.68       239,451       0.67       0.67       0.79  
U.S. Government Securities Money Market Fund
                                                                                                       
I Shares
                                                                                                       
Six Months Ended September 30, 2008
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.85       989,167       0.57       1.68       0.57  
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  
Period Ended March 31, 2005†
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       1.03       517,253       0.62       1.24       0.71  
Year Ended May 31, 2004
    1.00                                           1.00       0.43       615,324       0.66       0.43       0.75  
Year Ended May 31, 2003
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       1.01       992,560       0.65       1.00       0.74  
 
See Notes to Financial Highlights and Notes to Financial Statements.


150


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                         
                                                    Ratio of
                                                Ratio of
  Expenses to
            Net
                              Ratio of
  Net
  Average
            Realized
                              Net
  Investment
  Net Assets
            and
          Distributions
      Net
          Expenses
  Income
  (Excluding
    Net Asset
  Net
  Unrealized
      Dividends
  from
  Total
  Asset
          to
  to
  Waivers,
    Value,
  Investment
  Gains
      from Net
  Realized
  Dividends
  Value,
      Net Assets,
  Average
  Average
  Reimbursements
    Beginning
  Income
  (Losses) on
  Total From
  Investment
  Capital
  and
  End of
  Total
  End of
  Net
  Net
  and Expense
    of Period   (Loss)   Investments   Operations   Income   Gains   Distributions   Period   Return(1)   Period (000)   Assets(2)   Assets(2)   Offset)(2)
U.S. Government Securities Money Market Fund
                                                                                                       
A Shares
                                                                                                       
Six Months Ended September 30, 2008
  $ 1.00     $ 0.01     $     $ 0.01     $ (0.01 )   $     $ (0.01 )   $ 1.00       0.77 %   $ 375,652       0.72 %     1.54 %     0.73 %
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  
Period Ended March 31, 2005†
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.89       230,041       0.78       1.06       0.88  
Year Ended May 31, 2004
    1.00                                           1.00       0.28       234,100       0.80       0.28       0.92  
Year Ended May 31, 2003
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.86       250,246       0.80       0.86       0.92  
U.S. Treasury Money Market Fund(4)
                                                                                                       
I Shares
                                                                                                       
Six Months Ended September 30, 2008
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.67       1,484,719       0.57       1.33       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  
Period Ended March 31, 2005†
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.99       1,407,783       0.62       1.19       0.71  
Year Ended May 31, 2004
    1.00                                           1.00       0.37       1,233,565       0.66       0.32       0.75  
Year Ended May 31, 2003
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.88       1,080,779       0.65       0.81       0.74  
A Shares
                                                                                                       
Six Months Ended September 30, 2008
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.60       339,238       0.71       1.13       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  
Period Ended March 31, 2005†
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.88       303       0.75       0.97       1.48  
Period Ended May 31, 2004
    1.00                                           1.00       0.15       401       0.75       0.21       3.17 (c)
Virginia Tax-Free Money Market Fund
                                                                                                       
I Shares
                                                                                                       
Six Months Ended September 30, 2008
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.86       263,353       0.44       1.72       0.44  
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  
Period Ended March 31, 2005†
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.94       177,377       0.46       1.07       0.46  
Year Ended May 31, 2004
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.56       173,959       0.50       0.51       0.50  
Year Ended May 31, 2003
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.85       219,701       0.49       0.84       0.49  
A Shares
                                                                                                       
Six Months Ended September 30, 2008
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.79       354,433       0.59       1.55       0.59  
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  
Period Ended March 31, 2005†
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.77       197,380       0.66       0.92       0.86  
Year Ended May 31, 2004
    1.00                                           1.00       0.38       118,339       0.67       0.34       0.90  
Year Ended May 31, 2003
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.67       96,325       0.67       0.66       0.90  
 
See Notes to Financial Highlights and Notes to Financial Statements.


151


 

 
NOTES TO FINANCIAL HIGHLIGHTS
(Unaudited)
 
(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
High Income Fund
  A Shares   October 27, 2003
Intermediate Bond Fund
  A Shares   October 11, 2004
Intermediate Bond Fund
  C Shares   October 11, 2004
Maryland Municipal Bond Fund
  A Shares   April 13, 2005
North Carolina Tax-Exempt Bond Fund
  I Shares   January 8, 2004
North Carolina Tax-Exempt Bond Fund
  A Shares   March 21, 2005
North Carolina Tax-Exempt Bond Fund
  C Shares   March 21, 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
Seix High Yield Fund
  C Shares   October 11, 2004
Strategic Income Fund
  A Shares   October 8, 2003
Total Return Bond Fund
  C Shares   October 11, 2004
Virginia Intermediate Municipal Bond Fund
  C Shares   September 1, 2005
U.S. Treasury Money Market Fund
  A Shares   November 12, 2003
 
(a)
Per share data was calculated using the average shares method.
 
(b)
Financial Highlights per share amounts for the Ultra-Short Bond Fund and the U.S. Government Securities Ultra-Short Bond Fund have been adjusted for a 5:1 reverse stock split and 4.974874:1 reverse stock split, respectively which occurred on April 1, 2005, for the periods ended March 31, 2005, May 31, 2004 and May 31, 2003.
 
(c)
Ratio reflects the impact of the initial low level of average net assets associated with commencement of operations.
 
(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.
 
(e)
North Carolina Tax-Exempt Bond Fund C Shares was not operational during the period.
 
(f)
Class C was operational during a portion of the year only. Amounts reflect performance for the period of time the class had operations, which was 25 days during the period for North Carolina Tax-Exempt Bond Fund. The net asset value, end of period, presented for North Carolina Tax-Exempt Bond Fund C Shares was as of April 25, 2007, the last day the class was operational.
 
(g)
During the six months ended September 30, 2008 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 0.10%, 0.02% and (0.03%) for I Shares, A Shares and C Shares, respectively.
 
Unaudited.
 
The Georgia Tax-Exempt Bond Funds’ net expense ratio and gross expense ratio includes interest expense of 0.16% incurred during the most recent fiscal year with respect to investments in certain inverse floating rate securities.
 
Effective June 1, 2004, the Funds adopted a change in the amortization and accretion methodology on fixed income securities. The cumulative effect of this change in methodology was immaterial to all Funds except for the Funds noted below:
 
                                         
        Change to Net
           
    Change to Net
  Realized and
  Change to Ratio of Net Investment
    Investment
  Unrealized Gains
  Income to Average Net Assets
    Income Per Share($)   (Losses) Per Share($)   I Shares(%)   A Shares(%)   C Shares(%)
Georgia Tax-Exempt Bond Fund
    0.01       (0.01 )     0.16       0.14       0.14  
Investment Grade Bond Fund
    0.01       (0.01 )     0.18       0.14       0.14  
Investment Grade Tax-Exempt Bond Fund
    (0.01 )     0.01       (0.08 )     (0.07 )     (0.06 )
Limited-Term Federal Mortgage Securities Fund
    0.04       (0.04 )     0.47       0.42       0.36  
Maryland Municipal Bond Fund
    (0.01 )     0.01       (0.07 )     (0.06 )      
North Carolina Tax-Exempt Bond Fund
    (0.02 )     0.02       (0.20 )            
Short-Term Bond Fund
    0.01       (0.01 )     0.08       0.07       0.06  
Strategic Income Fund
    0.01       (0.01 )     0.22       0.14       0.13  
U.S. Government Securities Fund
    0.02       (0.02 )     0.23       0.11       0.17  
U.S. Government Securities Ultra-Short Bond Fund
    0.01       (0.01 )     0.24              
 
††
Effective November 1, 2003, these Funds adopted a change in the amortization and accretion methodology on fixed income securities. The cumulative effect of this change in methodology was immaterial to all Funds except for the Fund noted below:
 
                                         
        Change to Net
           
    Change to Net
  Realized and
  Change to Ratio of Net Investment
    Investment
  Unrealized Gains
  Income to Average Net Assets
    Income Per Share($)   (Losses) Per Share($)   I Shares(%)   A Shares(%)   C Shares(%)
Seix High Yield Fund
    0.01       (0.01 )     0.06       0.05       0.84  
 
Amounts designated as “—” are $0 or have been rounded to $0.


152


 

NOTES TO FINANCIAL STATEMENTS
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
1.  Organization
 
The RidgeWorth Funds (formerly, The STI Classic 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 53 funds as of September 30, 2008. The Trust is authorized to issue an unlimited number of shares without par value. The financial statements presented herein are those of the 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, Strategic Income 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 may offer I Shares only. The 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 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.
 
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 original purchase price. Limited-Term Federal Mortgage Securities Fund, Seix Floating Rate High Income Fund, Short-Term Bond Fund and Short-Term U.S. Treasury Securities Fund A Shares 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 either the original purchase price or the next calculated price after the Funds receive the redemption request, whichever is less, if redeemed within one year of purchase.
 
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


153


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
the most recent quoted bid price. For securities traded on NASDAQ, the NASDAQ Official Closing Price will be 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. 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 daily 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.
 
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 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 Funds’ accounting agent and may preauthorize the Funds’ accounting agent to utilize a pricing service authorized by the Board (a “Fair Value Pricing Service”) that has been designed 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 does not pre-authorize the Funds’ accounting agent to utilize a Fair Value Pricing Service, the investment adviser will request that a Committee Meeting be called. In addition, the Funds’ accounting agent monitors price movements among certain selected indices, 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 Funds (“Trigger Points”), the Funds may use a systematic valuation model provided by an independent third party to fair value their international equity securities.
 
Effective April 1, 2008, the Funds adopted Statement of Financial Accounting Standards (“SFAS”) No. 157, “Fair Value Measurements.” This standard establishes a single authoritative definition of fair value, sets out a framework for measuring fair value, and requires additional disclosures about fair value measurements.


154


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
 
One key component of SFAS No. 157 is the development of a three-tier fair value hierarchy. The basis of the tiers 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, prepayments 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, money market securities 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.
 
The following is a summary of the inputs used to value the Fund’s investments as of September 30, 2008 (in thousands):
 
                                                                                 
        LEVEL 2 - Other Significant
      LEVEL 3 - Significant
   
    LEVEL 1 - Quoted Prices   Observable Inputs       Unobservable Inputs   Total
        Other
      Other
          Other
      Other
   
    Investments
  Financial
  Investments
  Financial
  Securities
  Investments
  Financial
  Investments
  Financial
  Securities
Fund Name
  in Securities($)   Investments($)*   in Securities($)   Investments($)*   Sold Short($)   in Securities($)   Investments($)*   in Securities($)   Investments($)*   Sold Short($)
 
                                                                                 
Georgia Tax-Exempt Bond Fund
    3,254             179,849                               183,103              
                                                                                 
High Grade Municipal Bond Fund
    8,708             81,359                               90,067              
                                                                                 
High Income Fund
    3,889             42,418       (65 )                       46,307       (65 )      
                                                                                 
Intermediate Bond Fund
    326,633       (115 )     845,252       1,460                         1,171,885       1,345        
                                                                                 
Investment Grade Bond Fund
    148,747       (55 )     387,875       851                         536,622       796        
                                                                                 
Investment Grade Tax-Exempt Bond Fund
    50,846             648,609                               699,455              
                                                                                 
Limited Duration Fund
    21,594             22,612                               44,206              
                                                                                 
Limited-Term Federal Mortgage Securities Fund
    4,437             63,805                               68,242              
                                                                                 
Maryland Municipal Bond Fund
    1,278             37,227                               38,505              
                                                                                 
North Carolina Tax-Exempt Bond Fund
    1,723             41,664                               43,387              
                                                                                 
Seix Floating Rate High Income Fund
    33,065             490,636       (2,531 )                       523,701       (2,531 )      
                                                                                 
Seix Global Strategy Fund
    34       (6 )     4,500       34                         4,534       28        
                                                                                 
Seix High Yield Fund
    63,499             675,336       (750 )                       738,835       (750 )      
                                                                                 
Short-Term Bond Fund
    54,420       (22 )     415,018       (745 )     (15,955 )                 469,438       (767 )     (15,955 )
                                                                                 
Short-Term U.S. Treasury Securities Fund
    34,719             75,474                               110,193              
                                                                                 
Strategic Income Fund
    20,975       (124 )     72,381       56                         93,356       (68 )      
                                                                                 
Total Return Bond Fund
    108,371       (177 )     562,810       1,009                         671,181       832        
                                                                                 
Ultra-Short Bond Fund
    4,149             76,351                               80,500              
                                                                                 
U.S. Government Securities Fund
    253,308             472,039                               725,347              
                                                                                 
U.S. Government Securities Ultra-Short Bond Fund
    4,350             82,329                               86,679              
                                                                                 
Virginia Intermediate Municipal Bond Fund
    5,922             199,607                               205,529              
                                                                                 
Prime Quality Money Market Fund
    1,750,318             6,738,226                               8,488,544              
                                                                                 
Tax-Exempt Money Market Fund
    33,477             1,734,088                               1,767,565              
                                                                                 
U.S. Government Securities Money Market Fund
    703,577             660,600                               1,364,177              
                                                                                 
U.S. Treasury Money Market Fund
    1,550,749             275,067                               1,825,816              
                                                                                 
Virginia Tax-Free Money Market Fund
    17,839             547,501                               565,340              
 
 
Other financial instruments are derivative instruments, such as futures, forwards, and swap contracts, which are valued at the unrealized appreciation/(depreciation) on the investment.


155


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
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 discounts or premiums during the respective holding period. Dividend income is recorded on ex-dividend date.
 
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.
 
Foreign Currency Forward Contracts — Each Fund (except the Money Market 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 Fund realizes 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 Fund could be exposed to risk if a counterparty is unable to meet the terms of a forward currency contract or if the value of the foreign currency changes unfavorably. As of September 30, 2008, certain Funds had outstanding forward foreign currency contracts as listed on the Schedules of Portfolio Investments.
 
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 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 will 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, during the course of the day, 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 the Credit Suisse Enhanced Liquidity Fund (the “Portfolio”). This investment may consist of money market mutual funds registered under the 1940 Act and money market instruments including commercial paper, repurchase agreements, U.S. Treasury Bills and U.S. Agency Obligations. At September 30, 2008, the Portfolio was invested in asset backed securities, commercial paper, corporate bonds, money market mutual funds and repurchase agreements (with interest rates ranging from 2.000% to 7.210% and maturity dates ranging from 10/01/2008 to 03/12/2010).


156


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
 
The Funds paid securities lending fees during the period ended September 30, 2008, which have been netted against the Income from Securities Lending on the Statement of Operations. These fees are presented below (in thousands):
 
         
    Fee($)
 
High Income Fund
    1  
Intermediate Bond Fund
    246  
Investment Grade Bond Fund
    80  
Seix High Yield Fund
    20  
Short-Term Bond Fund
    20  
Short-Term U.S. Treasury Securities Fund
    19  
Strategic Income Fund
    11  
Total Return Bond Fund
    52  
Ultra-Short Bond Fund
     
U.S. Government Securities Fund
    144  
U.S. Government Securities Ultra-Short Bond Fund
    1  
 
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 time 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 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. 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.
 
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.”
 
Mortgage Dollar Rolls — The Funds may enter into mortgage dollar rolls (principally using TBA’s) 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.


157


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
 
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 September 30, 2008, there were no open mortgage dollar rolls.
 
Bank Loans — The High Income Fund, Seix Floating Rate High Income Fund, Seix High Yield Fund, and Strategic Income Fund 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 September 30, 2008, only the Seix Floating Rate High Income Fund and the Seix High Yield Fund had unfunded loan commitments.
 
Swap Agreements — The High Income, Intermediate Bond, Investment Grade Bond, Investment Grade Tax-Exempt Bond, Seix Floating Rate High Income, Seix Global Strategy, Seix High Yield, Short-Term Bond, Strategic Income and Total Return Bond 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 with respect to a “notional amount,” i.e., the return on or increase in 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 perform. 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 swap agreement counterparty.
 
Swap agreements typically are settled on a net basis, which means that the two payment streams are netted out, 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 on the statement of assets and liabilities and then 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 owing 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.
 
Credit default swap (“CDS”) agreements are a specific kind of counterparty agreement designed to transfer the 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 the third party defaults, the party providing insurance will have to purchase from the insured party the defaulted asset.


158


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
 
Interest rate swaps involve the exchange of commitments to pay and receive interest based on a notional principle amount. 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 — The Funds may invest in futures contracts for the purpose of hedging existing portfolio securities or securities it intends to purchase against fluctuations in fair value caused by changes in prevailing market interest rates. 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.
 
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.
 
Compensating Balances — If a Fund has a cash overdraft in excess of $100,000 it is 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., on the following business day. If a Fund has a positive cash balance in excess of $100,000 it is 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 are non-interest bearing and are for a duration of one business day. The Seix Global Strategy and Strategic Income Funds do not have a compensating balance arrangement with their custodian, Brown Brothers Harriman & Co.
 
Restricted Securities — Certain of the Funds’ investments are restricted as to resale. As of September 30, 2008, all of these restricted securities have been deemed liquid by the Funds’ investment adviser based upon procedures approved by the Board unless stated otherwise on each Fund’s Schedule of Portfolio 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 pro-rated to the Funds on the basis of relative net assets or another appropriate basis. Expenses attributable to the Trust and the RidgeWorth Variable Trust (collectively, the “RidgeWorth Complex”) are allocated across the RidgeWorth Complex based upon 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 for each of the Funds 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.
 
Recent Accounting Pronouncements — In March 2008, the Financial Accounting Standards Board issued the Statement of Financial Accounting Standards No. 161, “Disclosures about Derivative Instruments and Hedging Activities”. SFAS No. 161 is effective for fiscal years and interim periods beginning after November 15, 2008. SFAS No. 161 requires enhanced disclosures about the Fund’s derivative and hedging activities, including how such activities are accounted for and their effect on the Fund’s financial position, performance and cash flows. Management is currently evaluating the impact the adoption of SFAS No. 161 will have on the Fund’s financial statements and related disclosures.
 
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.


159


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
 
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 the difference between book and tax amortization methods for premium and market discounts), such amounts are reclassified within the composition of net assets based on their federal tax-basis treatment; temporary differences do not require reclassification.
 
The Trust has adopted FASB Interpretation No. 48, “Accounting for Uncertainty in Income Taxes” (“FIN 48”). FIN 48 provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. FIN 48 requires the affirmative evaluation of tax positions taken or expected to be taken in the course of preparing the Funds’ tax returns 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 or expense 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. Implementation of FIN 48 included a review of tax positions taken in tax years that remain subject to examination by tax authorities. The Funds are subject to federal and various state jurisdictions for income tax purposes. While the statute of limitations remains open to examine the Funds’ U.S. tax returns filed for the past four fiscal years, no examinations are in progress or anticipated at this time. The adoption of FIN 48 did not impact the Funds’ net assets or results of operations. The adoption of FIN 48 requires ongoing monitoring and analysis; future conclusions reached by management may be different and result in adjustments to the Fund’s NAV and financial statements.
 
3.  Agreements and Other Transactions with Affiliates
 
Investment Advisory Agreement — The Trust and RidgeWorth Capital Management, Inc. (formerly Trusco Capital Management, Inc.), (the “Investment Adviser”) a wholly-owned subsidiary of SunTrust Banks, Inc., have entered into an investment advisory agreement. The subadvisers for the Funds are as follows: Seix Investment Advisors LLC (“Seix”) serves as the Subadviser for the 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, Strategic Income 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 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


160


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
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 period April 1, 2008 through September 30, 2008 were as follows:
 
                                 
    Maximum
  Discounted
  Advisory Fees
  Net
    Annual
  Annual
  Waived/Expenses
  Annual
    Advisory Fee($)   Advisory Fee(%)   Reimbursed(%)   Fees Paid(%)
 
Georgia Tax-Exempt Bond Fund
    0.55       0.55             0.55  
High Grade Municipal Bond Fund
    0.55       0.55             0.55  
High Income Fund
    0.60       0.60       (0.01 )     0.59  
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             0.50  
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       0.45             0.45  
Seix Global Strategy Fund
    0.60       0.60       (2.22 )      
Seix High Yield Fund
    0.45       0.44             0.44  
Short-Term Bond Fund
    0.40       0.40             0.40  
Short-Term U.S. Treasury Securities Fund
    0.40       0.40             0.40  
Strategic Income Fund
    0.60       0.60             0.60  
Total Return Bond Fund
    0.25       0.25             0.25  
Ultra-Short Bond Fund
    0.22       0.22       (0.02 )     0.20  
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       0.48             0.48  
Tax-Exempt Money Market Fund
    0.45       0.44             0.44  
U.S. Government Securities Money Market Fund
    0.55       0.53             0.54  
U.S. Treasury Money Market Fund
    0.55       0.54       (0.01 )     0.53  
Virginia Tax-Free Money Market Fund
    0.40       0.40             0.40  
 
From April 1, 2008 through July 31, 2008 the Investment Adviser contractually agreed to waive fees and/or reimburse the Seix Floating Rate High Income Fund to the extent necessary to maintain the Fund’s Total Operating Expense, expressed as a percentage of average daily net assets, as noted below:
 
                 
        Contractual
        Expense
        Limitation(%)
 
Seix Floating Rate High Income Fund
    I Shares       0.55  
Seix Floating Rate High Income Fund
    A Shares       0.85  
Seix Floating Rate High Income Fund
    C Shares       1.55  
 
Under the Expense Limitation Agreements, the Investment Adviser may retain the difference between the Total Operating Expense identified above and the actual total expense 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 Total Operating Expense in place at that time. During the six months ended September 30, 2008, 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 September 30, 2008, there were no available cumulative potential reimbursements based on reimbursements


161


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
within three years of the corresponding Expense Limitation Agreement after being reduced by amounts forfeited during the current fiscal year.
 
During the six months ended September 30, 2008, 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.
 
On September 19, 2008, SunTrust Banks, Inc. (“SunTrust”) issued a Promissory Note in the amount of $70 Million for the benefit of the Prime Quality Money Market Fund (the “Fund”) in exchange for a defaulted investment security (“Security”) of the Fund. As a result of these transactions, the Fund realized a loss of approximately $49 million for the difference between the amortized cost and market value of the security as of the date of the transaction, but also recognized an offsetting loss recovery in the same amount. The Fund also recognized an interest recovery of approximately $469,000 paid by SunTrust for unpaid accrued interest earned on the Security through September 18, 2008. In the accompanying Statement of Operations, the loss is reflected in “Net Realized Gain (Loss) from Investment Transactions”, and the loss recovery is reflected in “Net Increase from Payments by Affiliate,” while the interest recovery is reflected in “Interest Recovery Payments by Affiliate.” In exchange for the Promissory Note issued, SunTrust acquired the security interest in the Security from the Fund to secure repayment of the Note. Under the terms of the Promissory Note, the Fund will receive the entire principal amount on September 30, 2009, the maturity date of the Promissory Note. The unpaid principal balance is reported on the Fund’s Schedule of Investments and included in “Investments in Affiliates” on the Statement of Assets and Liabilities at amortized cost. For purposes of mark-to-market requirements of Rule 2a-7 under the 1940 Act, these securities are valued in accordance with the Pricing and Valuation Procedures established by the Board, as more fully described in Note 2. Interest payments from the Promissory Note are received on a quarterly basis and at the maturity date and included in “Interest Income from Affiliated Investments” on the accompanying Statement of Operations. The Promissory Note has been deemed to be illiquid.
 
During the year ended March 31, 2008 with the approval of the Board of Trustees, the following actions were taken to protect investors in the Prime Quality Money Market Fund from possible losses associated with certain investments, including structured investment vehicle (“SIV”) securities, owned by the Fund. When purchased, these SIV assets were rated A1/P1 and were Tier 1 eligible securities, thus qualifying for valuation at amortized cost under Rule 2a-7 under the 1940 Act.
 
In October 2007, SunTrust established an irrevocable letter of credit to provide credit support for two of the Fund’s investments in certain SIV securities. Prior thereto, the issuer of these securities announced that it would cease making payments on the securities, resulting in a downgrade in the credit ratings of the investments. As the investments no longer qualified for valuation at amortized cost as eligible securities under Rule 2a-7, the Fund recognized a loss equal to the difference between amortized cost and the market value as of the date of the letter of credit. At the same time, the Fund also received a loss recovery of the same amount, approximately $1.523 million, as a result of the establishment of the letter of credit. Later in October 2007, the Fund received a payment from the letter of credit in an amount equivalent to and at the same time as the payment of scheduled interest payments due to the Fund from the SIV securities. The Fund recognized an interest recovery of approximately $358,000 for the interest payments received from the letter of credit. The loss is reflected in “Net Realized Gain(Loss) from Investment Transactions” and the loss recovery is reflected in “Net Increase from Payments by Affiliate” in the accompanying Statement of Operations. The equivalent interest recovery which the Fund received is reflected in the accompanying Statement of Operations in “Interest Recovery Payments by Affiliate.”
 
On December 26, 2007, SunTrust purchased approximately $526 million of the Fund’s securities, including the two SIV securities backed by the letter of credit, at amortized cost plus accrued interest. The Fund realized a loss for the difference between the amortized cost of the securities and the market value as of that date, but at that same time also recognized a loss recovery in the same amount of approximately $5.570 million. The Fund also recognized approximately an additional $7.792 million of interest recovery for accrued interest through the date of the transaction. In the accompanying Statement of Operations, the loss is reflected in “Net Realized Gain(Loss) from Investment Transactions”, and the loss recovery is reflected in “Net Increase from Payments by Affiliate,” while the interest recovery is reflected in “Interest Recovery Payments by Affiliate.”


162


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
 
Also on December 26, 2007, SunTrust issued a Promissory Note for the benefit of the Fund in exchange for approximately $516 million of the remaining SIV securities at amortized cost plus accrued income. Similar to the prior transaction, the Fund realized a loss, but also recognized a loss recovery in the same amount of approximately $1.183 million for the difference between the amortized cost of the securities and their market value as of that date. The Fund also recognized an interest recovery of approximately $7.824 million for accrued interest through the date of the transaction. In the accompanying Statement of Operations, the loss is reflected in “Net Realized Gain(Loss) from Investment Transactions”, and the loss recovery is reflected in “Net Increase from Payments by Affiliate,” while the interest recovery is reflected in “Interest Recovery Payments by Affiliate.” In exchange for the Promissory Note issued, SunTrust acquired the security interest in the SIV securities from the Fund to secure repayment of the Note. Under the terms of the Promissory Note, the Fund will receive all interest and principal payments due to the Fund in amounts equal to what the Fund would have received had it retained its interest in the SIV securities and the securities had remained solvent through their respective maturity dates. This Promissory Note matured prior to September 30, 2008.
 
As a result of the purchase of all remaining SIV investments in exchange for cash or the Promissory Note at the end of 2007, the previously established letter of credit was retired and the Fund had no remaining exposure to SIV investments at March 31, 2008.
 
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 and 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 RidgeWorth Complex) 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 $2,930 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 RidgeWorth Complex, including $300,000 towards 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 agreed, under the terms of the Master Services Agreement, to pay certain legal expenses for the benefit of the RidgeWorth Complex relating to administrative service matters. The Master Services Agreement further provides for the Administrator to waive a portion of its fees for the benefit of shareholders. Such payments and fee waivers are expected to total approximately $400,000 to $650,000 annually for the RidgeWorth Complex, and 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 for its services. Prior to August 20, 2008, Foreside Distribution Services, L.P. (“Foreside”) was the distributor for the Funds under a distribution agreement between Foreside and the Investment Adviser. Foreside received $37,500 annually for its services. In addition, with respect to the A 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


163


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
computed daily and paid monthly. These fees, expressed as a percentage of average daily net assets, for the six months ended September 30, 2008 were as follows:
 
                 
        Board Approved and
    Board Approved and
  Charged C Share
    Charged A Share
  Distribution
    Distribution and Service Fee($)   and Service Fee($)
 
Georgia Tax-Exempt Bond Fund
    0.15       1.00  
High Grade Municipal Bond Fund
    0.15       1.00  
High Income Fund
    0.30       1.00  
Intermediate Bond Fund
    0.25       1.00  
Investment Grade Bond Fund
    0.30       1.00  
Investment Grade Tax-Exempt Bond Fund
    0.30       1.00  
Limited-Term Federal Mortgage Securities Fund
    0.20       1.00  
Maryland Municipal Bond Fund
    0.15       1.00  
North Carolina Tax-Exempt Bond Fund
    0.15       1.00  
Seix Floating Rate High Income Fund
    0.30       1.00  
Seix Global Strategy Fund
    0.30       1.00  
Seix High Yield Fund
    0.25       1.00  
Short-Term Bond Fund
    0.20       1.00  
Short-Term U.S. Treasury Securities Fund
    0.18       1.00  
Strategic Income Fund
    0.30       1.00  
Total Return Bond Fund
    0.25       1.00  
U.S. Government Securities Fund
    0.30       1.00  
Virginia Intermediate Municipal Bond Fund
    0.15       1.00  
Prime Quality Money Market Fund
    0.15       0.25  
Tax-Exempt Money Market Fund
    0.15       N/A  
U.S. Government Securities Money Market Fund
    0.15       N/A  
U.S. Treasury Money Market Fund
    0.15       N/A  
Virginia Tax-Free Money Market Fund
    0.15       N/A  
 
Custodian Agreements — SunTrust Bank acts as custodian for the Funds except for the Seix Global Strategy Fund and the Strategic Income 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 RidgeWorth Complex 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 fee and an additional fee for each meeting attended plus reimbursement for certain expenses incurred. Trustees receive an additional fee for attendance at committee meetings. As of September 30, 2008, retainer and meeting fees are as follows:
 
                 
    Chairman($)   Trustee($)
 
Annual Retainer
    75,000       60,000  
Regular Meeting Fee
    8,750       7,000  
Special Meeting Fee
    4,375       3,500  
Committee Meeting Fee
    4,500       3,000  
 
The Trust approved a deferred compensation plan for its trustees, effective January 1, 2007. Under that plan, a trustee may elect to defer all or a portion of his or her compensation. Amounts deferred are retained by the Trust, and the value of such deferred amounts is determined by reference to the change in value of Class I Shares of one or more series of the RidgeWorth Funds as specified by the trustee. Benefits under the deferred compensation plan are payable upon retirement. On May 20, 2008, the Board approved the termination of the deferred compensation plan.


164


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
 
The Investment Adviser provides services to the RidgeWorth Complex 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 $775,000 for these services. In addition, the Administrator provides an employee and staff to assist the Chief Compliance Officer for the RidgeWorth Complex, including providing certain related services, and receives an annual fee of $156,750 for providing these services. The fees above are allocated based on average daily net assets of the RidgeWorth Complex and are reflected on the Statements of Operations as “Compliance Services Fees.”
 
The Trust has entered into an agreement with SunTrust Robinson Humphrey, a division of SunTrust Capital Markets, Inc., which is a registered broker-dealer and a direct non-bank subsidiary of SunTrust Banks, Inc., to act as an agent in placing repurchase agreements for the Trust. For the period ended September 30, 2008, the following Funds paid SunTrust Robinson Humphrey, through a reduction in the yield earned by the Funds on those repurchase agreements, the following amounts (in thousands):
 
         
    Fees($)
 
Prime Quality Money Market Fund
    36  
U.S. Government Securities Money Market Fund
    249  
U.S. Treasury Money Market Fund
    219  
 
Amounts listed as “— ” round to less than $1,000.
 
4.  Investment Transactions
 
The cost of security purchases and the proceeds from sales and maturities of securities, excluding short-term investments and U.S. government securities, for the six months ended September 30, 2008, were as follows (in thousands):
 
                 
        Sales and
    Purchases($)   Maturities ($)
 
Georgia Tax-Exempt Bond Fund
    60,604       49,672  
High Grade Municipal Bond Fund
    144,044       228,275  
High Income Fund
    56,867       59,432  
Intermediate Bond Fund
    173,369       174,345  
Investment Grade Bond Fund
    69,856       72,084  
Investment Grade Tax-Exempt Bond Fund
    876,034       704,895  
Limited Duration Fund
    1,582       12,860  
Limited-Term Federal Mortgage Securities Fund
    6,416       7,947  
Maryland Municipal Bond Fund
    3,657       6,586  
North Carolina Tax-Exempt Bond Fund
    17,073       13,077  
Seix Floating Rate High Income Fund
    610,682       652,799  
Seix Global Strategy Fund
           
Seix High Yield Fund
    491,538       413,695  
Short-Term Bond Fund
    120,605       60,446  
Strategic Income Fund
    61,345       65,854  
Total Return Bond Fund
    78,304       72,204  
Ultra-Short Bond Fund
    17,055       12,226  
U.S. Government Securities Fund
          26,211  
Virginia Intermediate Municipal Bond Fund
    20,587       15,035  


165


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
The cost of security purchases and proceeds from sales and maturities of U.S. government securities, excluding short-term investments, for the six months ended September 30, 2008, were as follows (in thousands):
 
                 
        Sales and
    Purchases($)   Maturities($)
 
Intermediate Bond Fund
    658,750       588,107  
Investment Grade Bond Fund
    347,218       303,781  
Limited Duration Fund
    2,071       1,611  
Limited-Term Federal Mortgage Securities Fund
    158,038       188,387  
Seix High Yield Fund
    28,535       24,998  
Short-Term Bond Fund
    94,723       125,230  
Short-Term U.S. Treasury Securities Fund
    64,824       58,641  
Strategic Income Fund
    48,103       42,521  
Total Return Bond Fund
    509,814       487,967  
Ultra-Short Bond Fund
    24,557       29,883  
U.S. Government Securities Fund
    370,719       331,146  
U.S. Government Securities Ultra-Short Bond Fund
    84,781       60,801  
 
5.  Federal Tax Information
 
At September 30, 2008, 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


166


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
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 September 30, 2008 were as follows:
 
                                 
                Net Unrealized
        Tax Unrealized
  Tax Unrealized
  Appreciation/
    Tax Cost($)   Appreciation($)   (Depreciation)($)   (Depreciation)($)
 
Georgia Tax-Exempt Bond Fund
    192,108       983       (9,988 )     (9,005 )
High Grade Municipal Bond Fund
    94,200       73       (4,206 )     (4,133 )
High Income Fund
    50,825       134       (4,652 )     (4,518 )
Intermediate Bond Fund
    1,187,950       4,144       (20,209 )     (16,065 )
Investment Grade Bond Fund
    548,103       1,774       (13,255 )     (11,481 )
Investment Grade Tax-Exempt Bond Fund
    725,425       792       (26,762 )     (25,970 )
Limited Duration Fund
    44,837       4       (635 )     (631 )
Limited-Term Federal Mortgage Securities Fund
    67,797       716       (271 )     445  
Maryland Municipal Bond Fund
    39,825       246       (1,566 )     (1,320 )
North Carolina Tax-Exempt Bond Fund
    45,742       156       (2,511 )     (2,355 )
Seix Floating Rate High Income Fund
    580,966       1,799       (59,064 )     (57,265 )
Seix Global Strategy Fund
    4,534                    
Seix High Yield Fund
    807,722       401       (69,288 )     (68,887 )
Short-Term Bond Fund
    485,943       1,254       (17,759 )     (16,505 )
Short-Term U.S. Treasury Securities Fund
    108,990       1,221       (18 )     1,203  
Strategic Income Fund
    95,673       467       (2,784 )     (2,317 )
Total Return Bond Fund
    682,640       2,715       (14,174 )     (11,459 )
Ultra-Short Bond Fund
    83,400       313       (3,213 )     (2,900 )
U.S. Government Securities Fund
    715,974       9,474       (101 )     9,373  
U.S. Government Securities Ultra-Short Bond Fund
    86,571       317       (209 )     108  
Virginia Intermediate Municipal Bond Fund
    207,798       2,342       (4,611 )     (2,269 )
Prime Quality Money Market Fund
    8,488,544                    
Tax-Exempt Money Market Fund
    1,767,565                    
U.S. Government Securities Money Market Fund
    1,364,177                    
U.S. Treasury Money Market Fund
    1,825,816                    
Virginia Tax-Free Money Market Fund
    565,340                    
 
Amounts designated as “—” are $0 or have been rounded to $0.


167


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
The tax character of distributions paid to shareholders during the year ended March 31, 2008 was as follows (in thousands):
 
                                         
    Distributions Paid From            
    Net
  Net Long
  Total
      Total
    Investment
  Term Capital
  Taxable
  Tax-Exempt
  Distributions
    Income($)   Gains($)   Distributions($)   Distributions($)   Paid($)*
 
Georgia Tax-Exempt Bond Fund
                      5,742       5,742  
High Grade Municipal Bond Fund
    311       166       477       5,796       6,273  
High Income Fund
    6,414             6,414             6,414  
Intermediate Bond Fund
    24,492             24,492             24,492  
Investment Grade Bond Fund
    19,532             19,532             19,532  
Investment Grade Tax-Exempt Bond Fund
    907       508       1,415       16,360       17,775  
Limited Duration Fund
    2,231             2,231             2,231  
Limited-Term Federal Mortgage Securities Fund
    8,959             8,959             8,959  
Maryland Municipal Bond Fund
    9       13       22       1,367       1,389  
North Carolina Tax-Exempt Bond Fund
                      1,584       1,584  
Seix Floating Rate High Income Fund
    51,505             51,505             51,505  
Seix High Yield Fund
    70,546             70,546             70,546  
Short-Term Bond Fund
    17,409             17,409             17,409  
Short-Term U.S. Treasury Securities Fund
    2,917             2,917             2,917  
Strategic Income Fund
    6,662             6,662             6,662  
Total Return Bond Fund
    32,188             32,188             32,188  
Ultra-Short Bond Fund
    4,059             4,059             4,059  
U.S. Government Securities Fund
    28,044             28,044             28,044  
U.S. Government Securities Ultra-Short Bond Fund
    1,831             1,831             1,831  
Virginia Intermediate Municipal Bond Fund
    2             2       7,867       7,869  
Prime Quality Money Market Fund
    442,352             442,352             442,352  
Tax-Exempt Money Market Fund
    106       172       278       57,336       57,614  
U.S. Government Securities Money Market Fund
    44,648             44,648             44,648  
U.S. Treasury Money Market Fund
    42,981             42,981             42,981  
Virginia Tax-Free Money Market Fund
    67       25       92       19,529       19,621  
 
 
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.


168


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
As of March 31, 2008, 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
    ($)   ($)   ($)   ($)   ($)   ($)**   (Depreciation)($)***   (Deficit)($)
 
Georgia Tax-Exempt Bond Fund
    733                   733       (543 )     (1,547 )     (709 )     (2,066 )
High Grade Municipal Bond Fund
    527                   527       (534 )     (581 )     821       233  
High Income Fund
          189             189       (340 )     (3,869 )     (1,975 )     (5,995 )
Intermediate Bond Fund
          7,256             7,256       (3,052 )     (498 )     13,098       16,804  
Investment Grade Bond Fund
          2,335             2,335       (1,551 )     (11,761 )     5,173       (5,804 )
Investment Grade Tax-Exempt Bond Fund
    1,386       4,064       273       5,723       (1,537 )     (777 )     5,113       8,522  
Limited Duration Fund
          138             138       (138 )     (11 )     (592 )     (603 )
Limited-Term Federal Mortgage Securities Fund
          551             551       (421 )     (20,686 )     1,008       (19,548 )
Maryland Municipal Bond Fund
    86                   86       (130 )     (116 )     281       121  
North Carolina Tax-Exempt Bond Fund
    65                   65       (129 )     (742 )     (348 )     (1,154 )
Seix Floating Rate High Income Fund
          3,200             3,200       (3,302 )     (23,559 )     (53,230 )     (76,891 )
Seix High Yield Fund
          3,652             3,652       (4,499 )     (62,990 )     (27,124 )     (90,961 )
Short-Term Bond Fund
          1,134             1,134       (1,447 )     (8,943 )     794       (8,462 )
Short-Term U.S. Treasury Securities Fund
          248             248       (250 )     (2,182 )     2,648       464  
Strategic Income Fund
          288             288       (427 )     (7,042 )     377       (6,804 )
Total Return Bond Fund
          3,208             3,208       (2,538 )     (4,536 )     3,181       (685 )
Ultra-Short Bond Fund
          361             361       (321 )     (2,283 )     (526 )     (2,769 )
U.S. Government Securities Fund
          2,207             2,207       (1,906 )     (5,065 )     15,623       10,859  
U.S. Government Securities Ultra-Short Bond Fund
          255             255       (226 )     (1,251 )     413       (809 )
Virginia Intermediate Municipal Bond Fund
    614                   614       (647 )     (435 )     4,500       4,032  
Prime Quality Money Market Fund
          24,561             24,561       (24,484 )     (2,262 )           (2,185 )
Tax-Exempt Money Market Fund
    3,530       1       3       3,534       (3,494 )     (112 )           (72 )
U.S. Government Securities Money Market Fund
          4,575             4,575       (4,587 )     (1 )           (13 )
U.S. Treasury Money Market Fund
          1,354             1,354       (1,269 )     (181 )           (96 )
Virginia Tax-Free Money Market Fund
    1,263       34       21       1,318       (1,247 )                 71  
 
 
** As of the latest tax year end of March 31, 2008, 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.
 


169


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
                                                         
    Expires
    2009 ($)   2011 ($)   2012 ($)   2013 ($)   2014 ($)   2015 ($)   2016 ($)
 
Georgia Tax-Exempt Bond Fund
                                  104       823  
High Grade Municipal Bond Fund
                                        569  
High Income Fund
                                        1,188  
Intermediate Bond Fund
                #           497 #            
Investment Grade Bond Fund
    4,060                               7,324        
Limited Duration Fund
                                  11        
Limited-Term Federal Mortgage Securities Fund
                5,162       3,272       5,209       4,063       2,980  
Maryland Municipal Bond Fund
                                        52  
North Carolina Tax-Exempt Bond Fund
                            130             496  
Seix Floating Rate High Income Fund
                                        2,715  
Seix High Yield Fund
                            5,152       11,772       15,837  
Short-Term Bond Fund
          7,469       22       353       47       1,052        
Short-Term U.S. Treasury Securities Fund
                      128       907       1,147        
Strategic Income Fund
                                  4,212       813  
Total Return Bond Fund
                                  4,344        
Ultra-Short Bond Fund
                495       548       573       667        
U.S. Government Securities Fund
                                  5,065        
U.S. Government Securities Ultra-Short Bond Fund
                436       393       272       150        
Virginia Intermediate Municipal Bond Fund
                            33       63       339  
Prime Quality Money Market Fund
                                        25  
U.S. Treasury Money Market Fund
                      134       42       5        
 
  #     As of March 31, 2008, the Fund had capital loss carryforwards subject to certain limitations on availability, to offset future capital gains, if any, as the successor of a merger.
 
During the year ended March 31, 2008, the Intermediate Bond Fund, Investment Grade Bond Fund, Limited Duration 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 Ultra-Short Bond Fund, U.S. Treasury Money Market Fund utilized $1,400, $3,164, $3, $2,101, $118, $2,389, $93, $3,678, $83 and $31 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 Georgia Tax-Exempt Bond Fund, High Grade Municipal Bond Fund, High Income Fund, Intermediate Bond Fund, Investment Grade Tax-Exempt Bond Fund, Maryland Municipal Bond Fund, North Carolina Tax-Exempt Bond Fund, Seix Floating Rate High Income Fund, Seix High Yield Bond Fund, Strategic Income Fund, Total Return Bond Fund, Prime Quality Money Market Fund, Tax Exempt Money Market Fund and U.S. Government Securities Money Market Fund have incurred and will elect to defer $620, $12, $2,681, $1, $377, $777, $64, $116, $20,844, $30,228, $2,017, $192, $2,237, $112 and $1 respectively, in thousands.
 
***  The differences between book-basis and tax-basis unrealized appreciation/ (depreciation) is attributable primarily to: tax deferral of losses on wash sales and the difference between book and tax amortization methods for premium and market discount.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
6.  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.
 
The High Income, Seix Global Strategy, Seix High Yield and Strategic Income 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.
 
The High Income Fund, Seix Floating Rate High Income Fund, Seix High Yield Fund, and Strategic Income Fund invest in first and second lien senior floating rate loans. The risk associated with floating rate loans is similar to the

170


 

 
NOTES TO FINANCIAL STATEMENTS (concluded)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
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.
 
The Intermediate Bond, Investment Grade Bond, Seix Global Strategy, Strategic Income and Total Return Bond 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 the Fund’s investments in emerging market countries, which may be magnified by currency fluctuations relative to the U.S. dollar.
 
The Georgia Tax-Exempt Bond, Maryland Municipal Bond, North Carolina Tax-Exempt Bond, Virginia Intermediate Municipal Bond and Virginia Tax-Free Money Market 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.
 
The Intermediate Bond, Investment Grade Bond, Limited Duration, Limited-Term Federal Mortgage Securities, Short-Term Bond, Total Return Bond, Ultra-Short Bond, U.S. Government Securities and U.S. Government Securities Ultra-Short Bond 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 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.


171


 

TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUNDS
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
Information pertaining to the trustees of the Trust is set forth below. Trustees who are not deemed to be “interested persons” of the Trust as defined in the 1940 Act are referred to as “Independent Trustees.” Trustees who are deemed to be “interested persons” of the Trust are referred to as “Interested Trustees.”
                     
                Number of
   
Name, Business
      Term of
      Portfolios in
   
Address, State of
  Position
  Office and
  Principal
  Fund
  Other
Residence and
  Held With
  Length of
  Occupation(s)
  Complex
  Directorships
Date of Birth   Trust   Time Served   During the Past 5 Years   Overseen   Held
INDEPENDENT TRUSTEES:
Jeffrey Biggar
3435 Stelzer Road Columbus, OH 43219
(Ohio)
DOB 02/50
  Trustee   Indefinite; since
January 2007
  Chief Operating Officer (Cedar Brook Financial Partners LLC) (March 2008-present). Retired (2006-March 2008). Chief Execuive Officer and Senior Managing Director, Sterling (National City Corp.) (2002-2006)   58   None
                     
George C. Guynn
3435 Stelzer Road Columbus, OH 43219 (Georgia)
DOB 12/42
  Trustee   Indefinite; since
January 2008
  Retired. President (1996-October 2006) and Chief Executive Officer (1995-October 2006) Federal Reserve Bank of Atlanta   58   Genuine Parts Company; Oxford Industries; John Wieland Homes and Neighborhoods, Inc.; Acuity Brands, Inc.
                     
Sidney E. Harris
3435 Stelzer Road Columbus, OH 43219 (Georgia)
DOB 07/49
  Trustee   Indefinite; since
November 2004
  Professor (since 1997) and Dean (1997-2004), J. Mack Robinson College of Business, Georgia State University   58   Total System Services, Inc.
                     
Warren Y. Jobe
3435 Stelzer Road Columbus, OH 43219 (Georgia)
DOB 11/40
  Trustee   Indefinite; since
November 2004
  Retired. Executive Vice President, Georgia Power Company and Senior Vice President, Southern Company (1998-2001)   58   WellPoint, Inc.; UniSource Energy Corp.; HomeBanc Corp.
                     
Connie D. McDaniel
3435 Stelzer Road Columbus, OH 43219 (Georgia)
DOB 04/58
  Trustee   Indefinite; since
May 2005
  Vice President, Global Finance Transformation (since 2007), Vice President and Controller (1999-2007), The Coca-Cola Company   58   None
                     
Clarence H. Ridley*
3435 Stelzer Road Columbus, OH 43219 (Georgia)
DOB 06/42
  Trustee   Indefinite; since
November 2001
  Chairman, Haverty Furniture Companies   58   Crawford & Co.; Haverty Furniture Companies
                     
Charles D. Winslow
3435 Stelzer Road Columbus, OH 43219 (Florida)
DOB 07/35
  Trustee   Indefinite; since
November 2004
  Retired. Formerly Partner, Accenture (consulting)   58   None
                     
 
* Prior to May 12, 2008, Mr. Ridley was deemed to be an “interested person” of the Trust.


172


 

 
TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUNDS (concluded)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
             
        Term of
   
    Position(s)
  Office and
   
Name, Address and
  Held with
  Length of
  Principal Occupation(s)
Date of Birth   Trust   Time Served   During the Past 5 Years
OFFICERS
           
Julia R. Short
50 Hurt Plaza
Suite 1400
Atlanta, GA 30303 DOB 11/72
  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)
             
Patrick A. Paparelli
50 Hurt Plaza
Suite 1400
Atlanta, GA 30303
DOB 09/61
  Vice President; Chief
Compliance Ofiicer
  One year;
since May-08
  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 DOB 05/67
  Vice President;
Deputy Chief
Compliance Officer
  One year;
since June 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 DOB 11/63
  Treasurer; Chief
Financial Officer;
Chief Accounting
Officer
  One year;
since March 2007
  Senior Vice President, Fund Administration, Citi Fund Services Ohio, Inc.
             
Cynthia J. Surprise
3435 Stelzer Road Columbus, OH 43219 DOB 07/46
  Secretary and Chief
Legal Officer
  One year;
since February 2005
  Senior Vice President, Regulatory Administration, Citi Fund Services Ohio, Inc. (since December 2004); Director, Investors Bank & Trust Company (1999-2004)
             
Katherine A. Reilly
3435 Stelzer Road Columbus, OH 43219 DOB 07/65
  Assistant Secretary   One year;
since February 2008
  Vice President (since July 2007), Assistant Counsel (January 2006-July 2007), Regulatory Administration, Citi Fund Services Ohio, inc; Employee of CitiStreet LLC (June 2004-May 2005); Employee of Fidelity Investments (1987-2001).
             
 
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.


173


 

ADDITIONAL INFORMATION
RIDGEWORTH FUNDS  September 30, 2008
(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 April 1, 2008 through September 30, 2008.
 
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**
        04/01/08($)   09/30/08($)   04/01/08-09/30/08($)   04/01/08-09/30/08(%)
 
Georgia Tax-Exempt Bond Fund
  I Shares     1,000.00       971.60       2.87       0.58  
    A Shares     1,000.00       969.90       3.60       0.73  
    C Shares     1,000.00       966.70       7.79       1.58  
High Grade Muncipal Bond Fund
  I Shares     1,000.00       969.80       3.01       0.61  
    A Shares     1,000.00       970.00       3.75       0.76  
    C Shares     1,000.00       965.90       7.93       1.61  
High Income Fund
  I Shares     1,000.00       956.20       3.43       0.70  
    A Shares     1,000.00       953.20       4.85       0.99  
    C Shares     1,000.00       951.40       8.27       1.69  
Intermediate Bond Fund
  I Shares     1,000.00       993.50       1.45       0.29  
    A Shares     1,000.00       991.10       2.70       0.54  
    C Shares     1,000.00       988.50       6.38       1.28  
Investment Grade Bond Fund
  I Shares     1,000.00       985.50       2.79       0.56  
    A Shares     1,000.00       984.10       4.28       0.86  
    C Shares     1,000.00       980.70       7.75       1.56  
Investment Grade Tax-Exempt Bond Fund
  I Shares     1,000.00       979.20       2.68       0.54  
    A Shares     1,000.00       977.80       4.16       0.84  
    C Shares     1,000.00       974.30       7.62       1.54  
Limited Duration Fund
  I Shares     1,000.00       998.80       0.90       0.18  
Limited-Term Federal Mortgage Securities Fund
  I Shares     1,000.00       1,011.60       3.03       0.60  
    A Shares     1,000.00       1,010.60       4.08       0.81  
    C Shares     1,000.00       1,006.60       8.05       1.60  
Maryland Municipal Bond Fund
  I Shares     1,000.00       978.80       3.08       0.62  
    A Shares     1,000.00       978.10       3.82       0.77  
    C Shares     1,000.00       974.00       7.97       1.61  
North Carolina Tax-Exempt Bond Fund
  I Shares     1,000.00       971.90       2.97       0.60  
    A Shares     1,000.00       972.20       3.76       0.76  
Seix Floating Rate High Income Fund
  I Shares     1,000.00       1,002.60       2.46       0.49  
    A Shares     1,000.00       1,001.10       3.96       0.79  
    C Shares     1,000.00       997.60       7.46       1.49  
Seix Global Strategy Fund
  I Shares(a)     1,000.00       1,003.50       0.50       0.82  
Seix High Yield Fund
  I Shares     1,000.00       956.50       2.40       0.49  
    A Shares     1,000.00       956.40       3.73       0.76  
    C Shares     1,000.00       951.70       7.29       1.49  


174


 

 
ADDITIONAL INFORMATION (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
                                     
        Beginning
  Ending
  Expenses Paid
  Expense Ratio
        Account Value
  Account Value
  During Period*
  During Period**
        04/01/08($)   09/30/08($)   04/01/08-09/30/08($)   04/01/08-09/30/08(%)
 
Short-Term Bond Fund
  I Shares     1,000.00       979.80       2.23       0.45  
    A Shares     1,000.00       979.90       3.23       0.65  
    C Shares     1,000.00       976.00       7.18       1.45  
Short-Term U.S. Treasury Securities Fund
  I Shares     1,000.00       1,007.30       2.42       0.48  
    A Shares     1,000.00       1,006.40       3.27       0.65  
    C Shares     1,000.00       1,001.30       7.43       1.48  
Strategic Income Fund
  I Shares     1,000.00       994.00       3.65       0.73  
    A Shares     1,000.00       992.50       5.14       1.03  
    C Shares     1,000.00       988.00       8.62       1.73  
Total Return Bond Fund
  I Shares     1,000.00       992.30       1.50       0.30  
    A Shares     1,000.00       990.20       2.69       0.54  
    C Shares     1,000.00       987.40       6.43       1.29  
Ultra-Short Bond Fund
  I Shares     1,000.00       993.50       1.50       0.30  
U.S. Government Securities Fund
  I Shares     1,000.00       1,013.80       2.78       0.55  
    A Shares     1,000.00       1,012.30       4.29       0.85  
    C Shares     1,000.00       1,008.70       7.81       1.55  
U.S. Government Securities Ultra-Short Bond Fund
  I Shares     1,000.00       1,015.30       1.36       0.27  
Virginia Intermediate Municipal Bond Fund
  I Shares     1,000.00       986.70       2.99       0.60  
    A Shares     1,000.00       986.00       3.73       0.75  
    C Shares     1,000.00       981.80       7.95       1.60  
Prime Quality Money Market Fund
  I Shares     1,000.00       1,011.00       2.62       0.52  
    A Shares     1,000.00       1,010.20       3.38       0.67  
    C Shares     1,000.00       1,009.70       3.88       0.77  
Tax-Exempt Money Market Fund
  I Shares     1,000.00       1,008.10       2.42       0.48  
    A Shares     1,000.00       1,007.30       3.17       0.63  
U.S. Government Securities Money Market Fund
  I Shares     1,000.00       1,008.50       2.87       0.57  
    A Shares     1,000.00       1,007.70       3.62       0.72  
U.S. Treasury Money Market Fund
  I Shares     1,000.00       1,006.70       2.87       0.57  
    A Shares     1,000.00       1,006.00       3.57       0.71  
Virginia Tax-Free Money Market Fund
  I Shares     1,000.00       1,008.60       2.22       0.44  
    A Shares     1,000.00       1,007.90       2.97       0.59  
 
 
*     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.
 
(a)   Information shown reflects values for the period from September 8, 2008 (commencement of operations) to September 30, 2008 and has been calculated using expense ratios and rates of return for the same period.


175


 

 
ADDITIONAL INFORMATION (continued)
RIDGEWORTH FUNDS  September 30, 2008
(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**
        04/01/08($)   09/30/08($)   04/01/08-09/30/08($)   04/01/08-09/30/08(%)
 
Georgia Tax-Exempt Bond Fund
  I Shares     1,000.00       1,022.16       2.94       0.58  
    A Shares     1,000.00       1,021.41       3.70       0.73  
    C Shares     1,000.00       1,017.15       7.99       1.58  
High Grade Muncipal Bond Fund
  I Shares     1,000.00       1,022.01       3.09       0.61  
    A Shares     1,000.00       1,021.26       3.85       0.76  
    C Shares     1,000.00       1,017.00       8.14       1.61  
High Income Fund
  I Shares     1,000.00       1,021.56       3.55       0.70  
    A Shares     1,000.00       1,020.10       5.01       0.99  
    C Shares     1,000.00       1,016.60       8.54       1.69  
Intermediate Bond Fund
  I Shares     1,000.00       1,023.61       1.47       0.29  
    A Shares     1,000.00       1,022.36       2.74       0.54  
    C Shares     1,000.00       1,018.65       6.48       1.28  
Investment Grade Bond Fund
  I Shares     1,000.00       1,022.26       2.84       0.56  
    A Shares     1,000.00       1,020.76       4.36       0.86  
    C Shares     1,000.00       1,017.25       7.89       1.56  
Investment Grade Tax-Exempt Bond Fund
  I Shares     1,000.00       1,022.36       2.74       0.54  
    A Shares     1,000.00       1,020.86       4.26       0.84  
    C Shares     1,000.00       1,017.35       7.79       1.54  
Limited Duration Fund
  I Shares     1,000.00       1,024.17       0.91       0.18  
Limited-Term Federal Mortgage Securities Fund
  I Shares     1,000.00       1,022.06       3.04       0.60  
    A Shares     1,000.00       1,021.01       4.10       0.81  
    C Shares     1,000.00       1,017.05       8.09       1.60  
Maryland Municipal Bond Fund
  I Shares     1,000.00       1,021.96       3.14       0.62  
    A Shares     1,000.00       1,021.21       3.90       0.77  
    C Shares     1,000.00       1,017.00       8.14       1.61  
North Carolina Tax-Exempt Bond Fund
  I Shares     1,000.00       1,022.06       3.04       0.60  
    A Shares     1,000.00       1,021.26       3.85       0.76  
Seix Floating Rate High Income Fund
  I Shares     1,000.00       1,022.61       2.48       0.49  
    A Shares     1,000.00       1,021.11       4.00       0.79  
    C Shares     1,000.00       1,017.60       7.54       1.49  
Seix Global Strategy Fund
  I Shares     1,000.00       1,020.96       4.15       0.82  
Seix High Yield Fund
  I Shares     1,000.00       1,022.61       2.48       0.49  
    A Shares     1,000.00       1,021.26       3.85       0.76  
    C Shares     1,000.00       1,017.60       7.54       1.49  
Short-Term Bond Fund
  I Shares     1,000.00       1,022.81       2.28       0.45  
    A Shares     1,000.00       1,021.81       3.29       0.65  
    C Shares     1,000.00       1,017.80       7.33       1.45  
Short-Term U.S. Treasury Securities Fund
  I Shares     1,000.00       1,022.66       2.43       0.48  
    A Shares     1,000.00       1,021.81       3.29       0.65  
    C Shares     1,000.00       1,017.65       7.49       1.48  
Strategic Income Fund
  I Shares     1,000.00       1,021.41       3.70       0.73  
    A Shares     1,000.00       1,019.90       5.22       1.03  
    C Shares     1,000.00       1,016.39       8.74       1.73  


176


 

 
ADDITIONAL INFORMATION (concluded)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
                                     
        Beginning
  Ending
  Expenses Paid
  Expense Ratio
        Account Value
  Account Value
  During Period*
  During Period**
        04/01/08($)   09/30/08($)   04/01/08-09/30/08($)   04/01/08-09/30/08(%)
 
Total Return Bond Fund
  I Shares     1,000.00       1,023.56       1.52       0.30  
    A Shares     1,000.00       1,022.36       2.74       0.54  
    C Shares     1,000.00       1,018.60       6.53       1.29  
Ultra-Short Bond Fund
  I Shares     1,000.00       1,023.56       1.52       0.30  
U.S. Government Securities Fund
  I Shares     1,000.00       1,022.31       2.79       0.55  
    A Shares     1,000.00       1,020.81       4.31       0.85  
    C Shares     1,000.00       1,017.30       7.84       1.55  
U.S. Government Securities Ultra-Short Bond Fund
  I Shares     1,000.00       1,023.71       1.37       0.27  
Virginia Intermediate Municipal Bond Fund
  I Shares     1,000.00       1,022.06       3.04       0.60  
    A Shares     1,000.00       1,021.31       3.80       0.75  
    C Shares     1,000.00       1,017.05       8.09       1.60  
Prime Quality Money Market Fund
  I Shares     1,000.00       1,022.46       2.64       0.52  
    A Shares     1,000.00       1,021.71       3.40       0.67  
    C Shares     1,000.00       1,021.21       3.90       0.77  
Tax-Exempt Money Market Fund
  I Shares     1,000.00       1,022.66       2.43       0.48  
    A Shares     1,000.00       1,021.91       3.19       0.63  
U.S. Government Securities Money Market Fund
  I Shares     1,000.00       1,022.21       2.89       0.57  
    A Shares     1,000.00       1,021.46       3.65       0.72  
U.S. Treasury Money Market Fund
  I Shares     1,000.00       1,022.21       2.89       0.57  
    A Shares     1,000.00       1,021.51       3.60       0.71  
Virginia Tax-Free Money Market Fund
  I Shares     1,000.00       1,022.86       2.23       0.44  
    A Shares     1,000.00       1,022.11       2.99       0.59  
 
 
*     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.ridgeworthfunds.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.ridgeworthfunds.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.


177


 

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.ridgeworthfunds.com. Please read the prospectus carefully before investing.
Distributor:
RidgeWorth Distributors LLC

Not FDIC Insured No Bank Guarantee May Lose Value
(RIDGEWORTH INVESTMENTS LOGO)
(GRAPHIC)
RFSAR-BMM-0908
11/08


 

(RIDGEWORTH LOGO)
2008 Semi-Annual Report
Institutional Money
Market Funds
September 30, 2008
(GRAPHIC)

 


 

TABLE OF CONTENTS

RIDGEWORTH FUNDS   September 30, 2008
         
    1  
 
       
    3  
 
       
Schedules of Portfolio Investments
    4  
 
       
Statements of Assets and Liabilities
    14  
 
       
Statements of Operations
    15  
 
       
Statements of Changes in Net Assets
    16  
 
       
Financial Highlights
    17  
 
       
Notes to Financial Statements
    19  
 
       
Trustees and Officers of the RidgeWorth Funds
    27  
 
       
Additional Information
    29  

 


 

LETTER TO SHAREHOLDERS

September 30, 2008
Dear Valued RidgeWorth Funds Shareholder,
The past six months has been challenging for the economy and the markets. Economic headwinds intensified in the U.S. and spread globally despite lower oil prices and significant Federal Reserve (the “Fed”) and Treasury intervention. Of greater near-term importance was the further deterioration in credit and liquidity market conditions worldwide, which heightened investor nervousness and increased market volatility. Equity prices fell broadly and the S&P 500 was off 22% over the trailing 12-months as the markets neared the one-year “anniversary” of the previous market high on October 9, 2007.
The consumer continued to suffer the brunt of the economic downturn with job losses, rising unemployment, weak housing market, and tight credit conditions dampening confidence and spending following the end of the tax rebate program. However slower consumer spending inevitably affects business production and that was the case in the past six months when output and orders growth turned negative.
There was some constructive news however in the form of lower inflation. Energy prices soared then fell from record real and nominal levels as the mania momentum that drove the price of oil to $147/barrel finally succumbed to falling demand for petroleum. The dollar surged relative to other currencies as data suggested European growth would also slow and demand for imports from emerging markets would fall.
The Fed lowered then held the policy fed funds rate steady at 2% through the end of the six month period under review, and it increased the amount of liquidity to the banking system to address mounting liquidity and credit strains. RidgeWorth constructed a timeline of the major support initiatives from the Fed, Treasury, and Congress to provide a sense of the breadth of innovation and support to the markets, which is available on our website www.ridgeworthfunds.com.
Equity markets benefited from Treasury intervention, but ultimately succumbed to increased strains in the economy, credit markets and liquidity availability. Bond yields rose but T-bill rates fell and the yield curve steepened. Treasuries gained on a flight to quality, while Corporate and High Yield bonds fell dramatically as credit spreads widened sharply.
As we finish 2008 and head toward 2009, economic recession, an important market challenge, has now been conceded by most, which historically and ironically has been a sign that the worst is behind us. Additionally, the current credit crisis and the specter of deleveraging remain important immediate challenges. We project labor markets may remain soft for some time, though we are hopeful that recent data from the housing market could be an early sign that home prices may soon finally begin to stabilize. We expect both headline and core inflation to moderate in the months ahead, which we believe could help provide a more stable base for future growth. Since the U.S. entered the current slowdown period prior to the rest of the world, we look for domestic growth to reemerge from the current recession first, which may support the dollar a while longer into 2009.
We believe the impact of aggressive policy response from the Fed, Treasury, Congress, and foreign central banks will be positive for the markets, pushing credit spreads lower and improving liquidity, though it is difficult to predict the timing and magnitude of the improvement. Interest rates are likely to remain low and range-bound during this initiative. After the “dust” clears from the current market turmoil, we anticipate significant changes in market regulation and structure. Among the potential changes could be a single financial markets regulator, a global clearinghouse for derivatives, and a new look for the government sponsored enterprises.

1


 

From time to time we must report to you a difficult market environment, and this is such a time. At present, the markets are operating in crisis mode where fear dominates reason. These periods have historically been painful but short. As we monitor conditions for signs of improvement, we are focusing on short-term credit spreads near-term, while more signs of reduced housing stress are important longer-term. We believe stocks are reasonably valued on an absolute basis and very undervalued relative to bonds. Moreover, we see investment opportunities emerging in bond markets.
We are pleased to report that in a difficult environment the RidgeWorth Funds have performed well against their peer group averages. Our focus and daily mindset is to provide you our valued client, with the best we have every day. We appreciate the trust you place with us in caring for and growing your portfolio and we strive to earn that trust over and over. We hope you will contact your investment representative with any questions you may have.
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.

2


 

INDUSTRY ALLOCATION (As a percentage of Total Investments)

RIDGEWORTH FUNDS September 30, 2008
(Unaudited)
         
Institutional Cash Management Money Market Fund
Commercial Papers
    41.3 %
Corporate Bonds
    16.9 %
Time Deposits
    16.8 %
Certificates of Deposits
    12.8 %
U.S. Government Agencies
    6.7 %
Master Notes
    2.9 %
Short-Term Investments
    2.1 %
Asset-Backed Securities
    0.5 %
         
Institutional Municipal Cash Reserve Money Market Fund
       
Municipal Bonds
    92.0 %
Money Market Funds
    8.0 %
         
Institutional U.S. Government Securities Money Market Fund
       
U.S. Government Agencies
    55.9 %
Repurchase Agreements
    39.6 %
Money Market Funds
    4.5 %
         
Institutional U.S. Treasury Securities Money Market Fund
       
Repurchase Agreements
    82.4 %
U.S. Treasury Obligations
    14.4 %
Money Market Funds
    3.2 %
Portfolio composition is subject to change.

3


 

This page is intentionally left blank.

 


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Institutional Cash Management Money Market Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Asset-Backed Securities (0.6%)
Automobiles (0.6%)
               
Ford Credit Auto Owner Trust, Ser
2008-B, Cl A1, 2.766%, 05/15/09
    6,596       6,596  
Nissan Auto Receivables Owner Trust, Ser
2008-B, Cl A1, 2.786%, 06/15/09
    10,644       10,644  
World Omni Auto Receivables Trust, Ser
2008-A, Cl A1, 2.922%, 03/16/09
    2,450       2,450  
                 
Total Asset-Backed Securities
            19,690  
                 
Certificates of Deposit (12.8%)
Banks (10.5%)
               
Australia & New Zealand Banking Group,
2.800%, 10/09/08
    20,000       20,000  
Bank of Nova Scotia,
2.880%, 02/25/09
    20,000       20,000  
Canadian Imperial Bank of Commerce,
2.830%, 11/26/08
    20,000       20,000  
Citibank N.A.,
2.750%, 11/26/08
    20,000       20,000  
Credit Suisse (USA), Inc.,
3.100%, 01/27/09
    9,500       9,500  
HSBC Bank USA N.A.,
3.040%, 02/27/09
    20,000       20,002  
HSBC USA, Inc.,
2.994%, 03/10/09(b)
    15,000       14,803  
Lloyds TSB Bank PLC,
2.660%, 10/06/08
    20,000       20,000  
Lloyds TSB Bank PLC,
2.620%, 11/07/08
    18,200       18,200  
Lloyds TSB Bank PLC,
2.900%, 01/20/09
    20,000       20,000  
Nordea Bank AB,
4.820%, 10/17/08
    30,000       30,016  
Nordea Bank AB,
2.960%, 01/08/09
    20,000       20,001  
PNC Bank N.A.,
3.689%, 01/27/09(a)
    15,000       14,987  
Royal Bank of Canada,
2.690%, 11/14/08
    20,000       20,000  
Royal Bank of Scotland,
2.960%, 11/03/08
    20,000       20,003  
Royal Bank of Scotland,
2.988%, 03/05/09(a)
    12,000       12,000  
Toronto-Dominion Bank,
2.950%, 01/21/09
    15,775       15,776  
Toronto-Dominion Bank,
2.930%, 02/06/09
    20,000       20,001  
Wachovia Bank N.A.,
2.998%, 01/12/09(a)
    15,000       15,000  
Wells Fargo & Co.,
2.500%, 11/03/08
    25,000       25,000  
                 
              375,289  
                 
Diversified Financial Services (2.3%)
ASB Finance Corp.,
3.178%, 07/13/09(a)(c)
    20,000       20,000  
Branch Banking and Trust Co., 2.735%, 11/03/08
    25,000       25,000  
San Paolo-IMI US Financial Co.,
3.080%, 01/09/09
    20,000       20,000  
Societe Generale N.A.,
2.920%, 12/01/08
    20,000       20,000  
                 
              85,000  
                 
Total Certificates of Deposit
            460,289  
                 
Commercial Paper (41.2%)
Banks (11.0%)
               
ABN AMRO N.A.,
2.385%, 10/14/08(b)
    20,000       19,983  
Banco Santander Central Hispano SA,
2.759%, 10/07/08(b)
    20,000       19,991  
Bank of Nova Scotia,
2.690%, 11/25/08(b)
    20,000       19,918  
Danske Corp.,
2.560%, 11/03/08(b)(c)
    20,000       19,953  
Danske Corp.,
2.738%, 12/03/08(b)(c)
    20,000       19,905  
DnB Nor Bank ASA,
2.356%, 10/14/08(b)(c)
    20,000       19,983  
DnB Nor Bank ASA,
2.794%, 11/03/08(b)(c)
    20,000       19,950  
DnB Nor Bank ASA,
2.888%, 01/14/09(b)(c)
    20,000       19,833  
DnB Nor Bank ASA,
3.005%, 03/13/09(b)(c)
    20,000       19,732  
European Investment Bank, 2.248%, 11/19/08(b)
    30,000       29,909  
Goldman Sachs Group, Inc., 1.500%, 10/01/08(b)
    30,000       30,000  
HSBC USA, Inc.,
2.817%, 10/24/08(b)
    20,000       19,964  
HSBC USA, Inc.,
2.717%, 11/13/08(b)
    20,000       19,936  
 
See Notes to Financial Statements.


4


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Institutional Cash Management Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Banks—continued
                 
PNC Bank N.A.,
3.025%, 03/05/09(b)
    19,000       18,756  
Royal Bank of Canada,
2.648%, 12/09/08(b)
    18,550       18,456  
Scotiabanc, Inc.,
2.708%, 10/06/08(b)(c)
    20,000       19,993  
State Street Corp.,
2.708%, 10/08/08(b)
    20,000       19,990  
Toronto-Dominion Bank,
2.750%, 10/30/08
    20,000       20,000  
Toronto-Dominion Bank,
2.830%, 11/20/08
    20,000       20,000  
                 
              396,252  
                 
Consumer Discretionary (2.7%)
BMW US Capital LLC,
0.750%, 10/01/08(b)(c)
    5,300       5,300  
Nokia Corp.,
2.410%, 10/06/08(b)(c)
    20,000       19,993  
Nokia Corp.,
2.465%, 10/29/08(b)(c)
    20,000       19,962  
Nokia Corp.,
2.445%, 12/03/08(b)(c)
    20,000       19,915  
PepsiCo, Inc.,
2.154%, 10/23/08(b)(c)
    30,800       30,760  
                 
              95,930  
                 
Diversified Financial Services (24.6%)
Allianz Finance Corp.,
2.611%, 10/24/08(b)(c)
    15,000       14,975  
Caterpillar Financial Services Corp.,
0.750%, 10/01/08(b)
    30,000       30,000  
CBA Finance,
2.717%, 10/07/08(b)
    20,000       19,991  
CME Group, Inc.,
2.255%, 10/10/08(b)(c)
    20,000       19,989  
CME Group, Inc.,
2.329%, 11/05/08(b)(c)
    28,000       27,937  
Dexia Delaware LLC,
2.680%, 11/18/08
    20,000       20,000  
Export Development Corp.,
2.685%, 03/05/09(b)
    15,000       14,829  
General Electric Capital Corp., 2.266%, 10/22/08(b)
    15,000       14,980  
General Electric Capital Corp., 2.516%, 11/04/08(b)
    30,000       29,929  
General Electric Capital Corp., 2.743%, 02/09/09(b)
    20,000       19,803  
Greenwich Capital Holdings, 3.072%, 01/15/09(b)
    20,000       19,822  
HSBC Finance Corp.,
2.508%, 10/06/08(b)
    20,000       19,993  
IBM International Group Capital, 2.102%, 10/01/08(b)(c)
    15,000       15,000  
ING (U.S.) Funding LLC,
2.668%, 10/01/08(b)
    20,000       20,000  
ING (U.S.) Funding LLC,
2.718%, 11/06/08(b)
    20,000       19,946  
ING (U.S.) Funding LLC,
2.900%, 12/02/08(b)
    20,000       19,904  
ING (U.S.) Funding LLC,
2.887%, 01/05/09(b)
    18,000       17,863  
ING (U.S.) Funding LLC,
3.024%, 03/06/09(b)
    15,000       14,806  
International Lease Finance Corp.,
2.886%, 10/03/08(b)
    20,000       19,997  
JPMorgan Chase & Co.,
2.658%, 10/20/08(b)
    20,000       19,972  
JPMorgan Chase & Co.,
2.615%, 11/06/08(b)
    20,000       19,948  
National Australian Funding, 2.769%, 10/30/08(b)(c)
    30,000       29,934  
Nordea North America, Inc., 2.678%, 11/05/08(b)
    20,000       19,948  
Nordea North America, Inc., 2.630%, 12/05/08
    20,000       20,000  
Novartis Finance,
0.750%, 10/01/08(b)(c)
    15,000       15,000  
Novartis Finance,
2.134%, 10/14/08(b)(c)
    20,000       19,985  
PACCAR Financial Corp.,
2.000%, 10/01/08(b)
    18,000       18,000  
PACCAR Financial Corp., 1.850%, 10/03/08(b)
    12,000       11,999  
Rabobank USA Finance Corp., 2.315%, 10/06/08(b)
    10,000       9,997  
Rabobank USA Finance Corp., 2.637%, 10/21/08(b)
    20,000       19,971  
Rabobank USA Finance Corp., 2.551%, 11/10/08(b)
    20,000       19,944  
Rabobank USA Finance Corp., 2.811%, 01/15/09(a)(c)
    35,000       34,996  
San Paolo-IMI US Financial Co., 2.641%, 10/02/08(b)
    20,000       19,999  
San Paolo-IMI US Financial Co., 2.790%, 11/05/08(b)
    20,000       19,946  
San Paolo-IMI US Financial Co., 3.181%, 12/17/08(b)
    20,000       19,866  
 
See Notes to Financial Statements.


5


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
 
Institutional Cash Management Money Market Fund — continued
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Diversified Financial Services—continued
                 
Swiss Re Financial Products Corp.,
2.747%, 10/28/08(b)(c)
    20,000       19,959  
Swiss Re Treasury US Corp., 2.749%, 10/09/08(b)(c)
    17,000       16,990  
Swiss Re Treasury US Corp., 2.716%, 10/15/08(b)(c)
    10,250       10,239  
Swiss Re Treasury US Corp., 2.776%, 11/17/08(b)(c)
    20,000       19,928  
Swiss Re Treasury US Corp., 3.055%, 02/02/09(b)(c)
    15,000       14,844  
Swiss Re Treasury US Corp., 3.109%, 02/20/09(b)(c)
    15,000       14,819  
Unilever Capital Corp.,
0.750%, 10/01/08(b)(c)
    9,400       9,400  
Unilever Capital Corp.,
2.854%, 12/19/08(b)(c)
    20,000       19,877  
Wal-Mart Funding Corp., 3.359%, 10/23/08(b)(c)
    18,000       17,963  
Westpac Banking Corp.,
2.756%, 11/10/08(b)(c)
    20,000       19,939  
Westpac Banking Corp.,
3.455%, 06/18/09(c)
    20,000       20,001  
                 
              883,228  
                 
Health Care (1.1%)
               
AstraZeneca PLC,
2.532%, 10/17/08(b)(c)
    20,000       19,978  
AstraZeneca PLC,
2.565%, 03/13/09(b)(c)
    20,000       19,774  
                 
              39,752  
                 
Industrials (0.3%)
               
Illinois Tool Works, Inc.,
2.000%, 10/02/08(b)
    11,000       10,999  
                 
Oil & Gas (1.5%)
               
ConocoPhillips,
1.500%, 10/01/08(b)(c)
    55,000       55,000  
                 
Total Commercial Paper
            1,481,161  
                 
Corporate Bonds (16.9%)
               
Banks (7.8%)
               
Commonwealth Bank of Australia,
2.953%, 06/04/09(a)(c)
    29,000       29,000  
HSBC Bank PLC,
3.120%, 12/15/08
    20,000       19,998  
PNC Bank N.A.,
3.669%, 12/29/08(a)
    35,000       34,975  
Rabobank,
2.841%, 08/04/09, MTN(a)(c)
    20,000       20,000  
Societe Generale,
2.866%, 03/02/09(a)
    20,000       20,000  
U.S. Bank N.A.,
2.640%, 11/21/08
    25,000       25,000  
U.S. Bank N.A.,
2.890%, 01/20/09
    25,000       25,000  
U.S. Bank N.A.,
2.900%, 02/06/09
    19,500       19,500  
Wells Fargo Bank N.A.,
2.580%, 10/23/08
    20,000       20,000  
Wells Fargo Bank N.A.,
2.420%, 10/03/08
    20,000       20,000  
Wells Fargo Bank N.A.,
3.130%, 08/19/09(a)
    30,000       30,000  
Westpac Banking Corp.,
3.011%, 05/26/09(a)
    19,000       18,997  
                 
              282,470  
                 
Diversified Financial Services (6.3%)
               
American Honda Finance Corp., 2.913%, 04/02/09, MTN(a)(c)
    20,000       20,000  
Credit Suisse (USA), Inc., 3.875%, 01/15/09
    10,000       10,015  
Eksportfinans ASA,
2.674%, 08/13/09, MTN(a)
    30,000       30,000  
General Electric Capital Corp., Ser A,
3.125%, 04/01/09, MTN
    20,000       20,039  
John Deere Capital Corp., Ser D, 2.819%, 12/12/08, MTN(a)
    30,000       30,000  
Procter & Gamble International Funding SCA,
2.879%, 02/19/09(a)
    25,000       25,000  
Toyota Motor Credit Corp., 2.210%, 02/12/09, MTN(a)
    40,000       40,000  
Toyota Motor Credit Corp., 2.509%, 09/11/09, MTN(a)
    20,000       20,000  
Toyota Motor Credit Corp., Ser B,
2.731%, 06/02/09, MTN(a)
    30,000       30,000  
                 
              225,054  
                 
Insurance (1.9%)
               
New York Life Global Funding, 2.904%, 05/13/09, MTN(a)(c)
    38,000       38,000  
New York Life Global Funding, 2.985%, 09/04/09, MTN(a)(c)
    29,000       29,000  
                 
              67,000  
                 
 
See Notes to Financial Statements.


6


 

                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Oil & Gas (0.8%)
               
BP AMI Leasing, Inc.,
3.486%, 06/26/09(a)(c)
    28,000       28,002  
                 
Retail (0.1%)
               
Wal-Mart Stores, Inc.,
3.375%, 10/01/08
    5,000       5,000  
                 
Total Corporate Bonds
            607,526  
                 
U.S. Government Agencies (6.7%)
               
Federal Home Loan Bank (6.7%)
               
1.501%, 10/14/08(b)
    40,000       39,978  
2.002%, 10/17/08(b)
    39,900       39,864  
2.203%, 10/20/08(b)
    50,000       49,942  
2.204%, 10/21/08(b)
    100,000       99,878  
2.650%, 06/04/09
    10,000       9,991  
                 
Total U.S. Government Agencies
            239,653  
                 
Master Note (2.9%)
               
Banks (2.9%)
               
Bank of America Corp. 7.100%(a)(d)
    105,000       105,000  
                 
Total Master Note
            105,000  
                 
Time Deposits (16.8%)
               
Banks (16.8%)
               
Barclays Bank,
5.270%(a)
    170,130       170,130  
BNP Paribas,
2.860%(a)
    140,000       140,000  
Deutsche Bank AG,
0.500%(a)
    170,070       170,070  
Societe Generale,
2.000%(a)
    125,057       125,057  
                 
Total Time Deposits
            605,257  
                 
Short-Term Investment (2.1%)
               
Brown Brothers Harriman & Co., Cayman Islands Cash Sweep
    75,474       75,474  
                 
Total Short-Term Investment
            75,474  
                 
Total Investments
(Cost $3,594,050)(e) — 100.0%
            3,594,050  
Liabilities in excess of other assets — 0.0%
            (178 )
                 
Net Assets — 100.0%
          $ 3,593,872  
                 
 
(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.
 
(b) Rate represents the effective yield at purchase.
 
(c) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 24.4% of net assets as of September 30, 2008.
 
(d) Perpetual maturity.
 
(e) Aggregate cost for federal income tax and financial reporting purposes is the same.
 
MTN
—  Medium Term Note
 
See Notes to Financial Statements.


7


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Institutional Municipal Cash Reserve Money Market Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Municipal Bonds (92.0%)
               
California (3.2%)
               
Los Angeles Unified School District,
Tax & Revenue Anticipation Notes, Ser A, GO,
3.000%, 07/30/09
    2,000       2,023  
                 
Colorado (5.5%)
               
Denver City & County Airport, Ser C, RB, AMT, 8.100%, 11/15/25, LOC:
Lloyds TSB Bank PLC(a)
    3,450       3,450  
                 
Delaware (3.2%)
               
Delaware State Economic Development Authority, Peninsula United, Ser A, RB, 5.000%, 05/15/37, LOC:
PNC Bank N.A.(a)
    2,000       2,000  
                 
Florida (12.3%)
               
Alachua County Housing Finance Authority Multifamily, University Cove Apartments Project, RB, AMT,
8.250%, 06/15/34, FNMA(a)
    3,510       3,510  
Jacksonville Port Authority, Ser B, AMT, 1.650%, 10/09/08, LOC: JPMorgan Chase Bank
    2,000       2,000  
Palm Beach County, Raymond F. Kravis Center Project, RB, 7.500%, 07/01/32, LOC: Northern Trust Co.(a)
    2,200       2,200  
                 
              7,710  
                 
Georgia (2.9%)
               
Valdosta City School System, GO, 5.000%, 02/01/09, State Aid Withholding
    1,790       1,809  
                 
Illinois (2.2%)
               
Savanna Industrial Development, Metform Corp., Project, Ser B, RB, AMT,
9.200%, 06/01/09, LOC:
JPMorgan Chase Bank(a)
    1,400       1,400  
                 
Indiana (4.0%)
               
Indiana State Development Finance Authority Environmental, PSI Energy, Inc., Project, Ser A, RB, AMT, 8.250%, 08/01/39, LOC: Barclays Bank PLC(a)
    2,500       2,500  
                 
Minnesota (3.2%)
               
Minneapolis & St. Paul Housing & Redevelopment Authority Health Care System, Ser B-2, RB, 8.250%, 11/15/34,
LOC: Bank of New York(a)
    2,000       2,000  
                 
Montana (4.8%)
               
Great Falls Multifamily, Autumn Run Apartments Project, RB, AMT, 8.080%, 01/01/38, LOC:
U.S. Bank N.A.(a)
    3,000       3,000  
                 
Oregon (8.6%)
               
Medford Hospital Facilities Authority, Rogue Valley Manor Project, RB, 4.250%, 08/15/37, LOC: Bank of America N.A.(a)
    2,375       2,375  
Oregon State Housing & Community Services Department Housing Development, Redwood Park Apartments, Ser F, RB, AMT, 8.250%, 10/15/38, FNMA(a)
    3,000       3,000  
                 
              5,375  
                 
Pennsylvania (4.8%)
               
Beaver County Industrial Development Authority Pollution Control, Electric Co., Project, Ser B, RB, AMT, 8.110%, 11/01/25, LOC: Bank of Nova Scotia(a)
    1,000       1,000  
Pennsylvania Economic Development Financing Authority Exempt Facilities, Water Co., Project, Ser A, RB, AMT, 8.350%, 10/01/29, LOC:
PNC Bank N.A.(a)
    2,000       2,000  
                 
              3,000  
                 
Tennessee (1.6%)
               
Memphis-Shelby County, Airport Authority, Ser A, RB, AMT, 5.000%, 03/01/09, FSA
    1,000       1,009  
                 
Texas (14.7%)
               
Gulf Coast Industrial Development Authority Environmental Facilities, CITGO Petroleum Corp., RB, AMT, 4.550%, 02/01/32, LOC: Royal Bank of Scotland(a)
    2,700       2,700  
 
See Notes to Financial Statements.


8


 

                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Texas—continued
                 
Lower Neches Valley Authority, Industrial Development Corp. Exempt Facilities, Mobil Oil Refining Corp. Project, RB, AMT, 3.750%, 04/01/29(a)
    3,000       3,000  
San Antonio Housing Finance Corp., Multifamily Housing, RB, AMT, 5.080%, 07/20/47, GNMA(a)(b)
    2,985       2,985  
Texas State, Tax & Revenue Anticipation Notes,
3.000%, 08/28/09
    500       506  
                 
              9,191  
                 
Virginia (6.6%)
               
Fairfax County Industrial Development Authority, Ser 2008C-3, RB,
1.600%, 04/15/35, LIQ FAC: Invoa Health System
    1,485       1,485  
Surry County Industrial Development Authority, Windsor Mill Project, RB, AMT, 8.150%, 02/01/32, LOC: Wells Fargo Bank N.A.(a)
    1,050       1,050  
Virginia Housing Development Authority, Commonwealth Mortgage, RB, AMT,
3.250%, 10/01/08
    1,600       1,600  
                 
              4,135  
                 
Washington (9.6%)
               
Washington State Economic Development Finance Authority Industrial Development, Canam Steel Project, Ser D, RB, AMT, 7.500%, 09/30/30, LOC:
Toronto-Dominion Bank(a)
    3,000       3,000  
Washington State Housing Finance Commission Multifamily, Merrill Gardens Tacoma, Ser A, RB, AMT, 8.080%, 09/15/40, LOC: Bank of America N.A.(a)
    3,000       3,000  
                 
              6,000  
                 
Wisconsin (4.8%)
               
Wisconsin State Health & Educational Facilities Authority, Gundersen Lutheran Medical Center, Inc., Ser B, RB, 8.000%, 05/01/33, LOC: Wells Fargo Bank N.A.(a)
    3,000       3,000  
                 
Total Municipal Bonds
            57,602  
                 
Money Market Funds (8.0%)
               
Dreyfus Tax-Exempt Money Market Fund
    2,518,040       2,518  
Fidelity Institutional Tax-Exempt Portfolio
    2,519,117       2,519  
                 
Total Money Market Funds
            5,037  
                 
Total Investments
(Cost $62,639)(c) — 100.0%
            62,639  
Other assets in excess of liabilities — 0.0%
            23  
                 
Net Assets — 100.0%
          $ 62,662  
                 
 
(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.
 
(b) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 4.8% of net assets as of September 30, 2008.
 
(c) Aggregate cost for federal income tax and financial reporting purposes is the same.
 
AMT — Alternative Minimum Tax Paper
 
FNMA
— Security guaranteed by Federal National Mortgage Association
 
FSA — Security guaranteed by Financial Security Assurance
 
GNMA
— Security guaranteed by Government National Mortgage Association
 
GO — General Obligation
 
LIQ FAC — Liquid Facilities
 
LOC — Letter of Credit
 
RB — Revenue Bond
 
See Notes to Financial Statements.


9


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Institutional U.S. Government Securities Money Market Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
U.S. Government Agencies (55.9%)
Fannie Mae(a) (17.0%)
2.369%, 10/20/08
    62,000       61,923  
2.411%, 10/29/08
    24,600       24,554  
2.336%, 11/10/08
    25,000       24,935  
2.314%, 11/12/08
    23,600       23,537  
2.558%, 11/19/08
    25,000       24,915  
2.159%, 11/25/08
    50,000       49,836  
2.530%, 12/03/08
    77,500       77,191  
2.465%, 12/22/08
    60,335       59,998  
2.665%, 12/24/08
    25,000       24,847  
3.495%, 12/26/08
    9,280       9,205  
2.678%, 01/05/09
    31,000       30,781  
                 
              411,722  
                 
Federal Agricultural Mortgage Corporation (0.8%)
2.500%, 04/01/09, Callable 10/01/08 @ 100
    20,000       20,000  
                 
Federal Farm Credit Bank (2.3%)
4.250%, 10/10/08
    21,100       21,108  
3.239%, 11/26/08(b)
    17,500       17,500  
3.659%, 07/28/09(b)
    17,000       17,000  
                 
              55,608  
                 
Federal Home Loan Bank (22.7%)
2.333%, 10/03/08(a)
    36,000       35,995  
4.375%, 10/03/08
    5,380       5,380  
4.625%, 10/10/08
    19,800       19,800  
2.363%, 10/14/08(a)
    53,800       53,754  
4.375%, 10/29/08
    11,100       11,100  
2.581%, 11/04/08(b)
    16,000       16,000  
2.435%, 11/12/08(a)
    76,250       76,038  
2.188%, 11/14/08(a)
    25,000       24,934  
2.588%, 12/04/08(a)
    31,000       30,861  
2.692%, 01/07/09(a)
    22,600       22,436  
2.589%, 01/08/09(b)
    70,000       69,988  
2.768%, 01/09/09(a)
    35,000       34,734  
2.500%, 01/22/09
    17,500       17,507  
2.873%, 03/02/09(a)
    31,000       30,630  
2.480%, 05/07/09
    11,800       11,788  
2.650%, 06/04/09
    5,875       5,869  
3.000%, 06/24/09
    12,500       12,497  
3.000%, 06/30/09
    12,700       12,696  
2.733%, 02/10/10(b)
    61,050       61,042  
                 
              553,049  
                 
Freddie Mac (13.1%)
2.150%, 10/14/08(a)
    23,600       23,582  
2.433%, 11/04/08(a)
    31,000       30,929  
2.545%, 11/05/08(a)
    20,000       19,952  
2.446%, 11/18/08(a)
    31,250       31,149  
2.490%, 11/24/08(a)
    41,700       41,545  
2.111%, 12/08/08(a)
    12,500       12,450  
2.742%, 01/06/09(a)
    48,000       47,648  
2.680%, 02/13/09
    45,000       45,000  
2.550%, 04/21/09, Callable 10/21/08 @ 100
    35,000       35,000  
2.625%, 06/12/09, Callable 11/16/08 @ 100
    17,260       17,258  
2.800%, 06/29/09, Callable 12/04/08 @ 100
    11,500       11,500  
                 
              316,013  
                 
Total U.S. Government Agencies
            1,356,392  
                 
Repurchase Agreements (39.6%)
ABN AMRO Bank N.V., 1.315%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $241,888 (collateralized by U.S. Government Agencies and U.S. Treasury Securities; 5.000%-8.000%, due 11/15/21-08/01/37; total market value $246,716)
    241,879       241,879  
Banc of America Securities, 1.465%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $83,804 (collateralized by U.S. Government Agencies; DN-2.500%, due 03/17/09-04/09/09; total market value $85,479)
    83,800       83,800  
BNP Paribas, 1.715%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $207,043 (collateralized by FHLB; 2.535%-3.375%, due 12/26/08-09/10/10; total market value $211,178)
    207,033       207,033  
Deutsche Bank, 1.965%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $59,321 (collateralized by FHLB; 4.150%-5.250%, due 10/15/12-04/02/13; total market value $60,507)
    59,318       59,318  
 
See Notes to Financial Statements.


10


 

                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
Repurchase Agreements—continued
                 
HSBC Securities, Inc., 1.715%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $356,958 (collateralized by U.S. Government Agencies; DN-4.865%, due 10/28/08-04/19/17; total market value $364,082)
    356,941       356,941  
UBS Warburg LLC, 1.065%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $11,577 (collateralized by U.S. Government Agency; 8.125%, due 10/15/19; total market value $11,809)
    11,576       11,576  
                 
Total Repurchase Agreements
            960,547  
                 
Money Market Funds (4.5%)
Federated Government Obligations Money Market Fund
    59,441,768       59,442  
Federated Government Obligations Tax-Managed Fund
    50,000,000       50,000  
                 
Total Money Market Funds
            109,442  
                 
Total Investments (Cost $2,426,381)(c) — 100.0%
            2,426,381  
Liabilities in excess of other assets — 0.0%
            (27 )
                 
Net Assets — 100.0%
          $ 2,426,354  
                 
 
 
(a) Rate represents the effective yield at purchase.
 
(b) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2008.
 
(c) Aggregate cost for federal income tax and financial reporting purposes is the same.
 
DN
— Discount Note
 
FHLB
— Federal Home Loan Bank
 
See Notes to Financial Statements.


11


 

 
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands, except Shares)
(Unaudited)
Institutional U.S. Treasury Securities Money Market Fund
 
                 
    Shares or
   
    Principal
   
    Amount($)   Value($)
U.S. Treasury Obligations (14.4%)
U.S. Treasury Bills(a) (14.4%)
2.087%, 11/06/08
    94,250       94,083  
2.308%, 11/20/08
    24,000       23,924  
2.224%, 12/18/08
    42,000       41,800  
1.153%, 01/08/09
    102,500       102,183  
1.368%, 03/05/09
    35,000       34,795  
1.613%, 03/19/09
    63,000       62,527  
1.725%, 03/26/09
    117,500       116,572  
2.135%, 06/04/09
    50,000       49,208  
                 
Total U.S. Treasury Obligations
            525,092  
                 
Repurchase Agreements (82.5%)
ABN AMRO Bank N.V., 0.050%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $470,411 (collateralized by U.S. Treasury Obligations; 2.000%-2.375%, due 01/15/16-01/15/27; total market value $479,819)
    470,411       470,411  
Bank of America Securities, 0.050%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $274,453 (collateralized by U.S. Treasury Obligations; 2.000%-4.250%, due 02/15/09-05/15/18; total market value $279,942)
    274,452       274,452  
BNP Paribas, 0.250%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $581,391 (collateralized by U.S. Treasury Obligations; DN-13.250%, due 10/09/08-02/15/38; total market
value $593,015)
    581,387       581,387  
Deutsche Bank AG, 0.500%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $98,718 (collateralized by U.S. Treasury Note; 4.500%, due 09/30/11; total market value $100,691)
    98,717       98,717  
Dresdner Bank AG, 0.200%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $321,894 (collateralized by U.S. Treasury Obligations; DN-2.375%, due 04/15/10-01/15/25; total market
value $328,331)
    321,892       321,892  
Greenwich Capital Markets, Inc., 0.100%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $573,631 (collateralized by U.S. Treasury Obligations; 2.000%-7.250%, due 09/30/09-05/15/16; total market value $585,107)
    573,631       573,631  
HSBC Securities, Inc., 0.200%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $563,946 (collateralized by U.S. Treasury Obligations; DN-8.750%, due 12/31/08-02/15/31; total market value $575,222)
    563,943       563,943  
JPMorgan Chase & Co., 0.100%, dated 09/30/08 to be repurchased on 10/01/08, repurchase price $50,000 (collateralized by U.S. Treasury Obligations; 4.250%-4.875%, due 06/30/12-08/15/13; total market value $51,001)
    50,000       50,000  
 
See Notes to Financial Statements.


12


 


 

 
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS  September 30, 2008  (Amounts in thousands)
(Unaudited)
 
                                 
        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
  $ 3,594,050     $ 62,639     $ 2,426,381     $ 3,650,126  
                                 
Investments, at Value
  $ 3,594,050     $ 62,639     $ 1,465,834     $ 640,075  
Repurchase Agreements, at Value and Cost
                960,547       3,010,051  
                                 
Total Investments
    3,594,050       62,639       2,426,381       3,650,126  
                                 
Interest and Dividends Receivable
    7,828       237       3,837       51  
Receivable for Capital Shares Issued
    371             545       267  
Prepaid Expenses
    4       10       18       13  
                                 
Total Assets
    3,602,253       62,886       2,430,781       3,650,457  
                                 
Liabilities:
                               
Income Distributions Payable
    7,463       212       4,037       2,993  
Investment Advisory Fees Payable
    382       11       283       344  
Administration, Fund Accounting and Transfer Agency Fees Payable
    31       1       18       19  
Compliance Services Fees Payable
    5             1       2  
Shareholder Services Fees Payable — Corporate Trust Shares
    N/A       N/A       N/A       130  
Custodian Fees Payable
    32             13       22  
Trustee Fees Payable
    45             8       21  
Other Fees Payable
    423             67       152  
                                 
Total Liabilities
    8,381       224       4,427       3,683  
                                 
Net Assets
  $ 3,593,872     $ 62,662     $ 2,426,354     $ 3,646,774  
                                 
Net Assets Consist of:
                               
Capital
  $ 3,595,120     $ 62,663     $ 2,426,314     $ 3,646,783  
Accumulated Net Investment Income
    57       1       15       126  
Accumulated Net Realized Gain (Loss) from Investment Transactions
    (1,305 )     (2 )     25       (135 )
                                 
Net Assets
  $ 3,593,872     $ 62,662     $ 2,426,354     $ 3,646,774  
                                 
Net Assets:
                               
Institutional Shares
  $ 3,593,872     $ 62,662     $ 2,426,354     $ 2,966,572  
Corporate Trust Shares
    N/A       N/A       N/A       680,202  
Shares Outstanding (unlimited number of shares authorized, no par value):
                               
Institutional Shares
    3,595,120       62,663       2,426,314       2,966,495  
Corporate Trust Shares
    N/A       N/A       N/A       680,288  
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.


14


 

STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS  For the Six Months Ended September 30, 2008  (Amounts in thousands)
(Unaudited)
 
                                 
        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
  $ 53,787     $ 927     $ 26,361     $ 24,655  
Dividend Income
          54       1,337       273  
Interest Income from Affiliated Investments
    112                    
                                 
Total Investment Income
    53,899       981       27,698       24,928  
                                 
Expenses:
                               
Investment Advisory Fees
    2,481       68       1,739       1,911  
Administration, Fund Accounting and Transfer Agency Fees
    517       13       298       329  
Compliance Services Fees
    59       1       24       34  
Shareholder Services Fees — Corporate Trust Shares
    N/A       N/A       N/A       916  
Custodian Fees
    50       5       8       25  
Registration Fees
    36       5       8       12  
Trustees’ Fees
    43       1       18       25  
Other Fees
    212       4       67       97  
                                 
Total Expenses
    3,398       97       2,162       3,349  
Less: Investment Advisory Fees Waived
                      (7 )
Less: Administration Fees Waived
    (25 )     (4 )     (15 )     (24 )
Less: Shareholder Services Fees Waived — Corporate Trust Shares
    N/A       N/A       N/A       (8 )
                                 
Net Expenses
    3,373       93       2,147       3,310  
                                 
Net Investment Income (Loss)
    50,526       888       25,551       21,618  
                                 
Net Realized Gain (Loss) on Investments:
                               
Net Realized Gain (Loss) from Investment Transactions
    (718 )     1       25       81  
                                 
Net Realized Gain (Loss) on Investments
    (718 )     1       25       81  
                                 
Change in Net Assets from Operations
  $ 49,808     $ 889     $ 25,576     $ 21,699  
                                 
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


15


 

STATEMENTS OF CHANGES IN NET ASSETS
RIDGEWORTH FUNDS  For the Periods 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
    04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
  04/01/08-
  04/01/07-
    09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08   09/30/08   03/31/08
    (Unaudited)       (Unaudited)       (Unaudited)       (Unaudited)    
 
Operations:
                                                               
Net Investment Income
  $ 50,526     $ 181,114     $ 888     $ 2,193     $ 25,551     $ 56,090     $ 21,618     $ 94,445  
Net Realized Gain (Loss) on Investments
    (718 )     (381 )     1             25       3       81       62  
                                                                 
Change in Net Assets from Operations
    49,808       180,733       889       2,193       25,576       56,093       21,699       94,507  
                                                                 
Dividends and Distributions to Shareholders:
                                                               
Net Investment Income:
                                                               
Institutional Shares
    (50,526 )     (181,114 )     (888 )     (2,193 )     (25,551 )     (56,090 )     (16,195 )     (44,043 )
Corporate Trust Shares
    N/A       N/A       N/A       N/A       N/A       N/A       (5,423 )     (50,402 )
                                                                 
Total Dividends and Distributions
    (50,526 )     (181,114 )     (888 )     (2,193 )     (25,551 )     (56,090 )     (21,618 )     (94,445 )
                                                                 
Capital Transactions:
                                                               
Institutional Shares:
                                                               
Proceeds from Shares Issued
    5,023,878       12,512,899       85,871       593,656       2,950,611       5,835,055       4,241,623       6,471,190  
Reinvestment of Cash Distributions
    12,835       73,980                   6,146       17,177       4,515       16,944  
Cost of Shares Redeemed
    (5,537,583 )     (12,320,098 )     (154,373 )     (578,975 )     (2,918,126 )     (4,353,750 )     (3,098,601 )     (5,385,015 )
                                                                 
Change in Net Assets from Institutional Shares
    (500,870 )     266,781       (68,502 )     14,681       38,631       1,498,482       1,147,537       1,103,119  
                                                                 
Corporate Trust Shares:
                                                               
Proceeds from Shares Issued
    N/A       N/A       N/A       N/A       N/A       N/A       323,758       1,167,614  
Cost of Shares Redeemed
    N/A       N/A       N/A       N/A       N/A       N/A       (972,774 )     (1,104,807 )
                                                                 
Change in Net Assets from Corporate Trust Shares
    N/A       N/A       N/A       N/A       N/A       N/A       (649,016 )     62,807  
                                                                 
Change in Net Assets from Capital Transactions
    (500,870 )     266,781       (68,502 )     14,681       38,631       1,498,482       498,521       1,165,926  
                                                                 
Change in Net Assets
    (501,588 )     266,400       (68,501 )     14,681       38,656       1,498,485       498,602       1,165,988  
                                                                 
Net Assets:
                                                               
Beginning of Period
    4,095,460       3,829,060       131,163       116,482       2,387,698       889,213       3,148,172       1,982,184  
                                                                 
End of Period
  $ 3,593,872     $ 4,095,460     $ 62,662     $ 131,163     $ 2,426,354     $ 2,387,698     $ 3,646,774     $ 3,148,172  
                                                                 
Accumulated Net Investment Income, End of Period
  $ 57     $ 57     $ 1     $ 1     $ 15     $ 15     $ 126     $ 126  
                                                                 
Share Transactions:
                                                               
Institutional Shares:
                                                               
Issued
    5,023,878       12,512,899       85,871       593,656       2,950,611       5,835,055       4,241,623       6,471,190  
Reinvested
    12,835       73,980                   6,146       17,177       4,515       16,944  
Redeemed
    (5,537,583 )     (12,320,098 )     (154,373 )     (578,975 )     (2,918,126 )     (4,353,750 )     (3,098,601 )     (5,385,015 )
                                                                 
Change in Institutional Shares
    (500,870 )     266,781       (68,502 )     14,681       38,631       1,498,482       1,147,537       1,103,119  
                                                                 
Corporate Trust Shares:
                                                               
Issued
    N/A       N/A       N/A       N/A       N/A       N/A       323,758       1,167,614  
Redeemed
    N/A       N/A       N/A       N/A       N/A       N/A       (972,774 )     (1,104,807 )
                                                                 
Change in Corporate Trust Shares
    N/A       N/A       N/A       N/A       N/A       N/A       (649,016 )     62,807  
                                                                 
Change in Shares
    (500,870 )     266,781       (68,502 )     14,681       38,631       1,498,482       498,521       1,165,926  
                                                                 
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
See Notes to Financial Statements.


16


 

 
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
 
                                                                                                         
                                                    Ratio of
            Net
                                      Expenses to
            Realized
                                  Ratio of
  Average
            and
                              Ratio of
  Net
  Net Assets
            Unrealized
          Distributions
      Net
          Net
  Investment
  (Excluding
    Net Asset
      Gains
      Dividends
  from
  Total
  Asset
          Expenses to
  Income to
  Waivers,
    Value,
  Net
  (Losses)
      from Net
  Realized
  Dividends
  Value,
      Net Assets,
  Average
  Average
  Reimbursements,
    Beginning
  Investment
  on
  Total From
  Investment
  Capital
  and
  End of
  Total
  End of
  Net
  Net
  and Expense
    of Period   Income   Investments   Operations   Income   Gains   Distributions   Period   Return(1)   Period (000)   Assets(2)   Assets(2)   Offset)(2)
Institutional Cash Management Money Market Fund
Institutional Shares
                                                                                                       
Six Months Ended September 30, 2008*
  $ 1.00     $ 0.01     $     $ 0.01     $ (0.01 )   $     $ (0.01 )   $ 1.00       1.25 %   $ 3,593,872       0.17 %     2.49 %     0.17 %
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  
Period Ended March 31, 2005(3)
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       1.43       2,591,527       0.19       1.71       0.26  
Year Ended May 31, 2004
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.86       2,368,849       0.25       0.86       0.29  
Year Ended May 31, 2003
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       1.46       2,985,750       0.25       1.45       0.29  
Institutional Municipal Cash Reserve Money Market Fund
Institutional Shares
                                                                                                       
Six Months Ended September 30, 2008*
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       1.03       62,662       0.20       1.96       0.21  
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(4)
    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
                                                                                                       
Six Months Ended September 30, 2008*
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       1.07       2,426,354       0.18       2.13       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  
Period Ended March 31, 2005(3)
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       1.36       894,653       0.25       1.63       0.26  
Year Ended May 31, 2004
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.82       858,260       0.27       0.82       0.29  
Year Ended May 31, 2003
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       1.40       1,040,066       0.26       1.39       0.29  
Institutional U.S. Treasury Securities Money Market Fund
Institutional Shares
                                                                                                       
Six Months Ended September 30, 2008*
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.87       2,966,572       0.18       1.70       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  
Period Ended March 31, 2005(3)
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       1.31       697,095       0.25       1.62       0.26  
Year Ended May 31, 2004
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.77       420,948       0.26       0.71       0.29  
Year Ended May 31, 2003
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       1.30       653,340       0.26       1.23       0.29  
Corporate Trust Shares
                                                                                                       
Six Months Ended September 30, 2008*
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.74       680,202       0.43       1.48       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  
Period Ended March 31, 2005(3)
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       1.14       1,825,373       0.44       1.38       0.45  
Year Ended May 31, 2004
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       0.57       1,378,551       0.46       0.51       0.49  
Year Ended May 31, 2003
    1.00       0.01             0.01       (0.01 )           (0.01 )     1.00       1.10       1,298,910       0.46       1.05       0.49  
 
 
See Notes to Financial Highlights and Notes to Financial Statements.


17


 

 
NOTES TO FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
(1) Not annualized for periods less than one year.
 
(2) Annualized for periods less than one year.
 
(3) Effective June 1, 2004, these Funds adopted a change in the amortization and accretion methodology on fixed income securities. The cumulative effect of this change in methodology was immaterial to all Funds. The Funds changed fiscal year end from May 31 to March 31.
 
(4) Commenced operations on August 2, 2005.
 
* Unaudited
 
** During the period 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 $0 or have been rounded to $0.


18


 

 
NOTES TO FINANCIAL STATEMENTS
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
1.  Organization
 
The RidgeWorth Funds (formerly, The STI Classic 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 53 funds as of September 30, 2008. 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 may offer Institutional Shares only. The Institutional U.S. Treasury Securities Money Market Fund may offer 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.
 
Effective April 1, 2008, the Funds adopted Statement of Financial Accounting Standards No. 157 (“SFAS No. 157”), “Fair Value Measurements.” This standard establishes a single authoritative definition of fair value, sets out a framework for measuring fair value, and requires additional disclosures about fair value measurements.
 
One key component of the implementation of SFAS No. 157 is the development of a three-tier fair value hierarchy. The basis of the tiers 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, prepayments 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, money market securities are valued using amortized cost, in accordance with rules under the 1940 Act. Generally, amortized cost approximates the current fair value of a


19


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
security, but since the valuation is not obtained from a quoted price in an active market, such securities are reflected as Level 2.
 
The following is a summary of the inputs used to value the Funds’ investments as of September 30, 2008 (in thousands):
 
                                                                 
        LEVEL 2 - Other Significant
  LEVEL 3 - Significant
   
    LEVEL 1 - Quoted Prices   Observable Inputs   Unobservable Inputs   Total
    Investments in
  Other Financial
  Investments in
  Other Financial
  Investments in
  Other Financial
  Investments in
  Other Financial
Fund Name
  Securities ($)   Investments ($)*   Securities ($)   Investments ($)*   Securities ($)   Investments ($)*   Securities ($)   Investments ($)*
 
Institutional Cash Management Money Market Fund
    680,731             2,913,319                         3,594,050        
Institutional Municipal Cash Reserve Money Market Fund
    5,037             57,602                         62,639        
Institutional U.S. Government Securities Money Market Fund
    1,069,989             1,356,392                         2,426,381        
Institutional U.S. Treasury Securities Money Market Fund
    3,125,034             525,092                         3,650,126        
 
 
  Other financial instruments are derivative instruments not reflected in the Portfolio of Investments, such as futures, forwards, and swap contracts, which are valued at the unrealized appreciation/(depreciation) on the investment.
 
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 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 time 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 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 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. As of September 30, 2008, there were no such securities held by the Funds.
 
Compensating Balances — If a Fund has a cash overdraft in excess of $100,000 it is 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., on the following business day. If a Fund has a positive cash balance in excess of $100,000 it is 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 are non-interest bearing and are for a duration of one business day. The RidgeWorth Institutional Cash


20


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
Management Money Market Fund does not have any compensating balance arrangements 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 distribution fees, if any, are borne by that class. Other operating expenses of the Trust are pro-rated to the Funds on the basis of relative net assets or another appropriate basis. Expenses attributable to the Trust and the RidgeWorth Variable Trust (collectively, the “RidgeWorth Complex”) are allocated across the RidgeWorth Complex based upon 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 of each of the Funds 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.
 
The Trust has adopted FASB Interpretation No. 48, “Accounting for Uncertainty in Income Taxes” (“FIN 48”). FIN 48 provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. FIN 48 requires the affirmative evaluation of tax positions taken or expected to be taken in the course of preparing the Funds’ tax returns 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 or expense 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. Implementation of FIN 48 included a review of tax positions taken in tax years that remain subject to examination by tax authorities. The Funds are subject to federal and various state jurisdictions for income tax purposes. While the statute of limitations remains open to examine the Funds’ U.S. tax returns filed for the past four fiscal years, no examinations are in progress or anticipated at this time. The adoption of FIN 48 did not impact the Funds’ net assets or results of operations. The adoption of FIN 48 requires ongoing monitoring and analysis; future conclusions reached by management may be different and result in adjustments to the Funds’ NAV and 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, 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 Banks, Inc., have entered into an investment advisory agreement. StableRiver Capital Management LLC, a wholly-owned subsidiary of the Investment Adviser, serves as the Subadviser for the Funds.
 
Under the terms of the investment advisory agreement, the Funds are charged the following 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 full fee is charged on average daily net assets of each Fund up


21


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
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 period April 1, 2008 through September 30, 2008 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             0.12  
Institutional Municipal Cash Reserve Money Market Fund
    0.15       0.15             0.15  
Institutional U.S. Government Securities Money Market Fund
    0.15       0.15             0.15  
Institutional U.S. Treasury Securities Money Market Fund
    0.15       0.14             0.14  
 
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
The Investment Adviser has contractually agreed, until at least August 1, 2009, to waive fees and/or reimburse each Fund to the extent necessary to maintain each Fund’s Total Operating Expense, expressed as a percentage of average daily net assets, as noted below:
 
         
    Total Operating
Fund
  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 retain the difference between the Total Operating Expense identified above and the actual total expense 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 Operating Expense in place at that time. During the six months ended September 30, 2008, 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 September 30, 2008, the cumulative potential reimbursements based on reimbursements within three years from the date of the corresponding Expense Limitation Agreement are as follows (in thousands):
 
         
Fund
  Amount($)
 
Institutional Municipal Cash Reserve Money Market Fund
    30  
 
During the year ended March 31, 2008, with the approval of the Board of Trustees, the following actions were taken to protect investors in the Institutional Cash Management Money Market Fund from possible losses associated with certain structured investment vehicle (“SIV”) securities owned by the Fund. When purchased, these SIV assets were rated A1/P1 and were Tier 1 eligible securities, thus qualifying for valuation at amortized cost under Rule 2a-7 under the 1940 Act.
 
In October 2007, SunTrust Banks, Inc. (“SunTrust”) established an irrevocable letter of credit to provide credit support for one of the Fund’s investments in a SIV security. Prior thereto, the issuer of this security announced that it would cease making payments on the security, resulting in a downgrade in the credit rating of the investment. As the investment no longer qualified for valuation at amortized cost as an eligible security under Rule 2a-7, the Fund recognized a loss equal to the difference between amortized cost and the market value as of the date of the letter of credit. At the same time, the Fund also received a loss recovery of the same amount, approximately $428,000, as a result of the establishment of the letter of credit. In November 2007, the Fund received a payment from the letter of credit in an amount equivalent to and at the same time as the payment of scheduled principal and interest payments due to the Fund from the SIV. The Fund recognized an interest recovery of approximately $431,000 for the interest payments received from the letter of credit. The Fund also recognized a loss recovery of $34.572 million (in addition to the previously received $428,000) as a result of a default on the scheduled maturity payment of $35 million. The loss is reflected in “Net Realized Gain(Loss)


22


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
from Investment Transactions” and the loss recovery is reflected in “Net Increase from Payments by Affiliate” in the accompanying Statement of Operations. The equivalent interest recovery which the Fund received is reflected in the accompanying Statement of Operations in “Interest Recovery Payments by Affiliate.”
 
On December 26, 2007, SunTrust purchased approximately $211 million of the Fund’s remaining investments in SIV securities at amortized cost plus accrued interest. The Fund realized a loss for the difference between the amortized cost of the securities and the market value as of that date, but at that same time also recognized a loss recovery in the same amount of approximately $1.990 million. The Fund also recognized approximately an additional $1.146 million of interest recovery for accrued interest through the date of the transaction. In the accompanying Statement of Operations, the loss is reflected in “Net Realized Gain(Loss) from Investment Transactions”, and the loss recovery is reflected in “Net Increase from Payments by Affiliate” while the interest recovery is reflected in “Interest Recovery Payments by Affiliate.”
 
Also on December 26, 2007, SunTrust issued a Promissory Note for the benefit of the Fund in exchange for approximately $171 million of the remaining SIV securities at amortized cost plus accrued income. Similar to the prior transaction, the Fund realized a loss, but also recognized a loss recovery in the same amount of approximately $630,000 for the difference between the amortized cost of the securities and their market value as of that date. The Fund also recognized an interest recovery of approximately $1.313 million for accrued interest through the date of the transaction. In the accompanying Statement of Operations, the loss is reflected in “Net Realized Gain(Loss) from Investment Transactions”, the loss recovery is reflected in “Net Increase from Payments by Affiliate” and the interest recovery is reflected in “Interest Recovery Payments by Affiliate.” In exchange for the Promissory Note issued, SunTrust acquired the security interest in the SIV securities from the Fund to secure repayment of the Note. Under the terms of the Promissory Note, the Fund will receive all interest and principal payments due to the Fund in amounts equal to what the Fund would have received had it retained its interest in the SIV securities and the securities had remained solvent through their respective maturity dates.
 
As a result of the purchase of all remaining SIV investments in exchange for cash or the Promissory Note at the end of 2007, the previously established letter of credit was retired and the Fund had no remaining exposure to SIV investments at September 30, 2008.
 
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 RidgeWorth Complex) 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 $2,930 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 RidgeWorth Complex, including $300,000 towards 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 agreed, under the terms of the Master Services Agreement, to pay certain legal expenses for the benefit of the RidgeWorth Complex relating to administrative service matters. The Master Services Agreement further provides for the Administrator to waive a portion of its fees for the benefit of shareholders. Such payments and fee waivers are expected to total approximately $400,000 to $650,000 annually for the RidgeWorth Complex, and 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 for its services. Prior to August 20, 2008, Foreside Distribution Services L.P. (“Foreside”) was the distributor for the Funds under a distribution agreement between Foreside and the Investment Adviser. Foreside received $37,500 annually 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 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 SunTrust Bank to provide


23


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
compensation to service providers that have agreed to provide shareholder support services for their customers who own Corporate Trust Shares of the Fund. During the six months ended September 30, 2008, SunTrust Bank voluntarily waived a portion of this fee.
 
Custodian Agreement — SunTrust Bank acts as custodian for the Funds, except for the Institutional Cash Management Money Market Fund, which 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 RidgeWorth Complex 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 fee and an additional fee for each meeting attended plus reimbursement for certain expenses incurred. Trustees receive an additional fee for attendance at committee meetings. The current meeting and retainer fees are as follows:
 
                 
    Chairman($)   Trustee($)
 
Annual Retainer
    75,000       60,000  
Regular Meeting Fee
    8,750       7,000  
Special Meeting Fee
    4,375       3,500  
Committee Meeting Fee
    4,500       3,000  
 
The Trust approved a deferred compensation plan for its trustees, effective January 1, 2007. Under that plan, a trustee may elect to defer all or a portion of his or her compensation. Amounts deferred are retained by the Trust, and the value of such deferred amounts is determined by reference to the change in value of I Shares of one or more series of the RidgeWorth Funds as specified by the trustee. Benefits under the deferred compensation plan are payable upon retirement. On May 20, 2008, the Board approved the termination of the deferred compensation plan.
 
The Investment Adviser provides services to the RidgeWorth Complex 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 $775,000 for these services. In addition, the Administrator provides an employee and staff to assist the Chief Compliance Officer for the RidgeWorth Complex, including providing certain related services, and receives an annual fee of $156,750 for providing these services. The fees above are allocated based on average daily net assets of the RidgeWorth Complex 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 Banks, Inc., to act as an agent in placing repurchase agreements for the Trust. For the six months ended September 30, 2008, 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
    228  
Institutional U.S. Treasury Securities Money Market Fund
    398  
 
4.  Federal Tax Information
 
At September 30, 2008, the total cost of securities and the net realized gains or losses on securities sold for federal income tax purposes were the same as amounts reported for financial reporting purposes.


24


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
The tax character of distributions paid to shareholders during the year ended March 31, 2008 was as follows (in thousands):
 
                         
    Distributions Paid From    
    Net Investment
  Tax-Exempt
  Total Distributions
    Income($)   Income($)   Paid($)*
 
Institutional Cash Management Money Market Fund
    186,098             186,098  
Institutional Municipal Cash Reserve Money Market Fund
          2,260       2,260  
Institutional U.S. Government Securities Money Market Fund
    54,464             54,464  
Institutional U.S. Treasury Securities Money Market Fund
    98,859             98,859  
 
 
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 either $0 or have been rounded to $0.
 
As of March 31, 2008 the components of accumulated earnings (deficit) on a tax basis were as follows (in thousands):
 
                                                 
                        Total
    Undistributed           Accumulated
  Accumulated
    Ordinary
  Tax-Exempt
  Accumulated
  Distributions
  Capital and
  Earnings
Fund
  Income($)   Income($)   Earnings($)   Payable($)   Other Losses($)**   (Deficit)($)
 
Institutional Cash Management Money Market Fund
    11,498             11,498       (11,424 )     (587 )     (513 )
Institutional Municipal Cash Reserve Money Market Fund
          255       255       (254 )     (3 )     (2 )
Institutional U.S. Government Securities Money Market Fund
    5,505             5,505       (5,485 )           20  
Institutional U.S. Treasury Securities Money Market Fund
    3,988             3,988       (3,850 )     (216 )     (78 )
 
 
**  As of the latest tax year end of March 31, 2008, the following Funds had net capital loss carryovers to offset future net capital gains, if any, to the extent provided by the 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):
 
                         
    Expires
Fund
  2013($)   2014($)   2015($)
 
Institutional Cash Management Money Market Fund
                101  
Institutional Municipal Cash Reserve Money Market Fund
                3  
Institutional U.S. Government Securities Money Market Fund
                 
Institutional U.S. Treasury Securities Money Market Fund
    94       110       12  
 
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 Institutional Cash Management Money Market Fund and Institutional U.S. Government Securities Money Market Fund incurred and will elect to defer $486 and $1, respectively, in thousands, in capital losses.
 
Amounts designated as “—” are $0 or have been rounded to $0.
 
5.  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 the credit quality of any of the financial institutions or financial guaranty assurance agencies should deteriorate, it could cause the individual securities’ 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.


25


 

 
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
The Funds hold certain securities the issuer of which operates under a congressional charter. These securities (Freddie Mac, Federal Home Loan Bank, Federal Agricultural Mortgage Corporation and Fannie Mae) 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.


26


 

TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUNDS
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
Information pertaining to the trustees of the Trust is set forth below. Trustees who are not deemed to be “interested persons” of the Trust as defined in the 1940 Act are referred to as “Independent Trustees.” Trustees who are deemed to be “interested persons” of the Trust are referred to as “Interested Trustees.”
 
                     
                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)
  Complex
  Directorships
Date of Birth   Trust   Time Served   During the Past 5 Years   Overseen   Held
INDEPENDENT TRUSTEES:
                     
Jeffrey Biggar
3435 Stelzer Road
Columbus, OH 43219
(Ohio)
DOB 02/50
  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)   58   None
                     
George C. Guynn
3435 Stelzer Road
Columbus, OH 43219
(Georgia)
DOB 12/42
  Trustee   Indefinite; since
January 2008
  Retired. President (1996-October 2006) and Chief Executive Officer (1995-October 2006) Federal Reserve Bank of Atlanta   58   Genuine Parts Company; Oxford Industries; John Wieland Homes and Neighborhoods, Inc.; Acuity Brands, Inc.
                     
Sidney E. Harris
3435 Stelzer Road
Columbus, OH 43219
(Georgia)
DOB 07/49
  Trustee   Indefinite; since
November 2004
  Professor (since 1997) and Dean (1997-2004), J. Mack Robinson College of Business, Georgia State University   58   Total System Services, Inc.
                     
Warren Y. Jobe
3435 Stelzer Road
Columbus, OH 43219
(Georgia)
DOB 11/40
  Trustee   Indefinite; since
November 2004
  Retired. Executive Vice President, Georgia Power Company and Senior Vice President, Southern Company (1998-2001)   58   WellPoint, Inc.; UniSource Energy Corp.; HomeBanc Corp.
                     
Connie D. McDaniel
3435 Stelzer Road
Columbus, OH 43219
(Georgia)
DOB 04/58
  Trustee   Indefinite; since
May 2005
  Vice President, Global Finance Transformation (since 2007), Vice President and Controller (1999-2007), The Coca-Cola Company   58   None
                     
Clarence H. Ridley*
3435 Stelzer Road
Columbus, OH 43219
(Georgia)
DOB 06/42
  Trustee   Indefinite; since
November 2001
  Chairman, Haverty Furniture Companies   58   Crawford & Co.; Haverty Furniture Companies
                     
Charles D. Winslow
3435 Stelzer Road
Columbus, OH 43219
(Florida)
DOB 07/35
  Trustee   Indefinite; since
November 2004
  Retired. Formerly Partner, Accenture (consulting)   58   None
                     
 
*   Prior to May 12, 2008, Mr. Ridley was deemed to be an “interested person” of the Trust.


27


 

 
TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUNDS (concluded)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
             
        Term of
   
    Position(s)
  Office and
  Principal
Name, Address
  Held With
  Length of
  Occupation(s)
and Date of Birth   Trust   Time Served   During the Past 5 Years
OFFICERS:
             
Julia R. Short
50 Hurt Plaza
Suite 1400
Atlanta, GA 30303
DOB 11/72
  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)
             
Patrick A. Paparelli
50 Hurt Plaza
Suite 1400
Atlanta, GA 30303
DOB 09/61
  Vice President;
Chief Compliance Officer
  One year; since
May-08
  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
DOB 05/67
  Vice President;
Deputy Chief
Compliance Officer
  One year; since
June 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
DOB 11/63
  Treasurer;
Chief Financial Officer;
Chief Accounting Officer
  One year; since
March 2007
  Senior Vice President, Fund Administration, Citi Fund Services Ohio, Inc.
             
Cynthia J. Surprise
3435 Stelzer Road
Columbus, OH 43219
DOB 07/46
  Secretary and
Chief Legal Officer
  One year; since
February 2005
  Senior Vice President, Regulatory Administration, Citi Fund Services Ohio, Inc. (since December 2004); Director, Investors Bank & Trust Company (1999-2004)
             
Katherine A. Reilly
3435 Stelzer Road
Columbus, OH 43219
DOB 07/65
  Assistant Secretary   One year; since
February 2008
  Vice President (since July 2007), Assistant Counsel (January 2006-July 2007), Regulatory Administration, Citi Fund Services Ohio, inc; Employee of CitiStreet LLC (June 2004-May 2005); Employee of Fidelity Investments (1987-2001).
             
 
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.


28


 

ADDITIONAL INFORMATION
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
Expense Example
 
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 April 1, 2008 through September 30, 2008.
 
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   04/01/08($)   09/30/08($)   04/01/08 - 09/30/08($)   04/01/08 - 09/30/08(%)
 
Institutional Cash Management Money Market Fund
  Institutional Shares     1,000.00       1,012.50       0.86       0.17  
Institutional Municipal Cash Reserve Money Market Fund
  Institutional Shares     1,000.00       1,010.30       1.01       0.20  
Institutional U.S. Government Securities Money Market Fund
  Institutional Shares     1,000.00       1,010.70       0.91       0.18  
Institutional U.S. Treasury Securities Money Market Fund
  Institutional Shares     1,000.00       1,008.70       0.91       0.18  
    Corporate Trust Shares     1,000.00       1,007.40       2.16       0.43  
 
 
*   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.


29


 

 
ADDITIONAL INFORMATION (concluded)
RIDGEWORTH FUNDS  September 30, 2008
(Unaudited)
 
 
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.
 
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   04/01/08($)   09/30/08($)   04/01/08 - 09/30/08($)   04/01/08 - 09/30/08(%)
 
Institutional Cash Management Money Market Fund
  Institutional Shares     1,000.00       1,024.22       0.86       0.17  
Institutional Municipal Cash Reserve Money Market Fund
  Institutional Shares     1,000.00       1,024.07       1.01       0.20  
Institutional U.S. Government Securities Money Market Fund
  Institutional Shares     1,000.00       1,024.17       0.91       0.18  
Institutional U.S. Treasury Securities Money Market Fund
  Institutional Shares     1,000.00       1,024.17       0.91       0.18  
    Corporate Trust Shares     1,000.00       1,022.91       2.18       0.43  
 
 
*   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.ridgeworthfunds.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.ridgeworthfunds.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.


30


 

Investment Adviser:
RidgeWorth Investments
50 Hurt Plaza, Suite 1400
Atlanta,GA 30303
www.ridgeworth.com
Investment SubAdvisers:
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.ridgeworthfunds.com. Please read the prospectus carefully before investing.
Distributor:
RidgeWorth Distributors LLC
Not FDIC Insured No Bank Guarantee May Lose Value
(RIDGEWORTH LOGO)
(GRAPHIC)
RFSAR-IMM-0908
11/08

 


 

Item 2. Code of Ethics.
Not applicable – only for annual reports.
Item 3. Audit Committee Financial Expert.
Not applicable – only for annual reports.
Item 4. Principal Accountant Fees and Services.
Not applicable – only for annual reports.
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) Not applicable — Only effective for annual reports.
     (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      December 8, 2008     
     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      December 8, 2008     
         
By (Signature and Title)
  /s/ Martin R. Dean    
 
   
 
  Martin R. Dean, Treasurer, RidgeWorth Funds    
Date      December 8, 2008     

EX-99.CERT 2 l34238aexv99wcert.htm EX-99.CERT EX-99.CERT
CERTIFICATIONS
I, Julia Short, certify that:
1.   I have reviewed this report on Form N-CSR of RidgeWorth Funds (the “registrant”);
 
2.   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
 
3.   Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
 
4.   The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
  a)   Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
 
  b)   Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
 
  c)   Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
 
  d)   Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.   The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
  a)   All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
 
  b)   Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
     
December 8, 2008   /s/ Julia Short
     
Date   Julia Short
    President


 

CERTIFICATIONS
I, Martin R. Dean, certify that:
1.   I have reviewed this report on Form N-CSR of RidgeWorth Funds (the “registrant”);
 
2.   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
 
3.   Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
 
4.   The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
  a)   Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
 
  b)   Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
 
  c)   Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and
 
  d)   Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and
5.   The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
  a)   All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and
 
  b)   Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
     
December 3, 2008   /s/ Martin R. Dean
     
Date   Martin R. Dean
    Treasurer

EX-99.902.CERT 3 l34238aexv99w902wcert.htm EX-99.902.CERT EX-99.902.CERT
This certification is provided pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. § 1350, and accompanies the report on Form N-CSR for the period ended September 30, 2008 of RidgeWorth Funds (the “Registrant”).
Each of the undersigned being, the Principal Executive Officer and Principal Financial Officer of the Registrant, herby certifies that, to the best of my knowledge,:
1.   the Form N-CSR fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78m(a) or 78o(d)); and
 
2.   the information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant.
     
December 8, 2008    
     
Date    
         
     
  /s/ Julia Short    
  Julia Short   
  President   
         
  /s/ Martin Dean    
  Martin R. Dean   
  Treasurer   
 
This certification is being furnished solely pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and is not being filed as part of Form N-CSR or as a separate disclosure document. A signed original of this written statement required by Section 906 has been provided to the Registrant and will be retained by the Registrant and furnished to the Securities and Exchange Commission or its staff upon request.

GRAPHIC 4 l34238al3423801.gif GRAPHIC begin 644 l34238al3423801.gif M1TE&.#EAV0!@`,00`,#`P("`@/#P\!`0$.#@X-#0T"`@('!P<#`P,&!@8*"@ MH+"PL)"0D%!04$!`0````/___P`````````````````````````````````` M`````````````````````````"'Y!`$``!``+`````#9`&````7_("2.9&F> M:*JN;.N^+K$0\%L`0*`WCM,DCZ!PT'/H%H":LA MA.`'(H!=A,]@0X.1A+K?\+C3@48;'(/IKWY&,&@C!WR##VL"+GZ"A+V:.#@<+GB.8=I4I!&$&"6RBM+6V*4!G=P$* MEB>O80,)OBD*#[$*@+?+S+68#FP`RBS&4PD+)EH`7`$\I\3-X>*)!6E&T2P- M5-L[#E]G#-$9VO7>H`$@=V67$\&=@S%>2$-G`IPO3AP(>F4%9OJTEAP"5)U/"=" M4`^D5"IHBFNL+_:,38 MQ0"`I8[P1:@.KN#:`$X92H)$#[PYDJ0K=/JKM1`<:RN,*LA+@KLF-(8;3:XJ MH6,+2M4)S"&C*0.,,D$=&B@80$)@KJI"A"8"L.VRBVJQFHHDZ`/49JRBQ2<$ M/""^,/Q;7$]!$2I%J1<9N;*F#5_\@,(/BT!*QXP.6['.,ALKQ$TZ8(+SLI9^ MS+.,:`(X]`KZZ?-`S"*,Y@DFCZ$+K0A?J%MMT>+")^RA=@&J`L4J#'%<8S[7 MT2V*S-X+LJ=HNN8LFSC4;9:8=2@+@5*'E=,O/X<-C/>F;+_M9(=`B#WVVVEPWBV0G0+).3\>KYD;!P$UT82[?33#1$$V-,E M\"/[":[1W&C08_J&=^?"@[_\[EQ#$-0`TEK.)>:ORBHJPX4'O[7N*RAEE[,> MT7$U"1[5BH)2X'A84,"7,P*N;WBC\QCP%)2X!W].F"=8K>"=QAP=@C,70,OY37LM>UR*>P037@%/Q>63X4PD-#_ MP-`3?A"0/5H3X>""V"P6X&YB\++7J&1C0P\>$0*Q\1\$/M.3"L(+`@KPE9T. M]PLAA%!5N4)!;.96,_]1Z>MV[`L?L73G&B)^JG4K[.*8`A7%LPA`0UJT8I^( M1,3B1(Q8URM.8P)Y&@;"<&WS,HA7P&#$-'YI<('T",?^(3+BD6H!!1```*A# MDP1XCSZ4R(EQ7I@&'73!@U&+H&0`1.^B] M1'[16V;J1AB,T!``2"@>`$A`8X0AL`"\R`X)D-@(".!,/@@#3!I"0R\%H3=5 M_)(VSX2/LN;S(I!,HT%"0("1@`.&,<2,FB\:PV04P(]C'(`!9;';W;)AMP)H M0Y^3`>@F=<`&:;HG!Z:T`LH$VL\5$$"+#/K="0J@@(1:)04,/C8=$+CA2H` MW22!`8BA`$2:Q@A`K=UM:]\Q!MEF#K.0`^N> M8BM>%F3SLX)Y[F'06R_USFH5MQ'M>SET@.3,UZ'0(H`$T^L$&5`DMP".UXBH MFYO5%)AIY+T7F\C%8!0Y>*(*8"]S?(%];TOCVL`H7/1[[)"'E&>%$"F M$X\MR5P"8U;#_`(':&V64Z[MHM1!WE=\T\D]'@!Q/`/@)F.O1\I\DYF]A&:' MD<`,(2ZM"V)L"0*,(M>^_K7P`ZVL(=-[&(; M^]C(3K:RE\WL9CO[V=!V2S*AX3T'E"'$FK%L82J;@*O&H;%4?C&XI0P=-\^J MU3D"$J1<8!R4.6"IL**#%$>6A`#,VST(``2X8?"%"\6HRW"PK;?4>VH6/+HV M$[4VD99F'L)Y9Q3O1EKE?/6*V1P(:F:8&,.%NF$8F"$2_GDT%!1P&&=.R=L? M-J*WSP1161T7A2,J9@ MZ@/_I)H'79)`"HT&*QAR8`!,;)(F;U+#'+%($UV"@0S'"(*E9Q:OJCM&5"3Y M`A9"!QP1O**B"Q+`&%&C9RZ59D8&L4F\-CPA+!K@'=CH':=[``%''PX/:WDH M@KR5J55K(8,-2$XCDN`.`KRV+T3PT`TH(HT#$6#-14[`@?JB3//D@9BBD@(; MY#ZSG4]R,S0P"`",D03-"N)1@I5J(:#4@4V-G,`1S/'.X\O3>B@R*2+%YF]HZ>F9"9# M]AV]Q@A%'I'GRP%6V[IYZ9"+/7$V@T7!&`-*!K`%^#=-_[6A2!"0<5A#89R% M`^M'/0=R`ZB!@-2S=_+U2\9P"(2'*#5R<^Y@*Y9'7`>2!./7=\UG*X>0<5)P M""$(`2)G/%B0@9=0*L\5#R]W<7>X9@=R")I$3FPB?W&2=`Z#!Q@8(S\H6A/X7.4AAN5@ M"06WB:#G/]P6'@-B`6O,"*@UP.H\8"OF"V,B(.$(!Y M@@!D-ED'$@^:=2#WY##$00<]4H9<<'-8,P!58'6($CHD%R?&$`!$^(FSH7?* M=`0B(`7VZ##%B`W4*%;E@8"/N(=^\`64-QN"L#G^\7=DED&;(4PC4H]`P!P' M>]PH-L`#`>`"608Z\<`BE2"9_1P;!Z64!NI`!SFAE4]P&0#T@-2)2!`V2./-44*("@V422B@GV]$''M MIH&)@0UC1(9%I5*3JT4#03E+@*``FL@#P($%],CL]0`GQ=S7W&04P28:3&!"#A3&C8&0/!D>($'C?6% 1L49--U%H;B$`]562,!`"`#L_ ` end GRAPHIC 5 l34238al3423802.gif GRAPHIC begin 644 l34238al3423802.gif M1TE&.#EAT`*Y`,00`(*,HL'&T412*[O?.__P*!P2"P:C\BD,B9JD@K+J'1*K5JOV*QVR^UZ MEGW.4E(>)H*:GJ*FJJTFBKB(-"@BLM+6V<00!N@$# M``@)`L'"P\3%QL<""P#+S,P&N[MFMV^OU2("``'3V]S=/;FZ!LS`P0YTI`0* MUNOLKPW#S<^ZTMY@[=78VO7[_*H'N@B8+1!VST&"62@:W%O(L-V[9,QV]>/1 MT%J^B1@S[MG5"P`YA17IQ,*4HD#(DRC9_P53!D">QA8I\!@`0ME:[B^\JOKZYO$W<" MN#.87L(-#R&L<0"R9;X0GR'6=+F:8;:*0_]AC%7`X\XG[>C#,0"UZ[U_?9UU M]-J:80.S1>O.\B]`8].UB=K)?4-`\.-I&RA#0-P/$=.\=668!:4`%14A"F67P),Z9*5/[@( M@($@FLEE*5:<)N>=A5VT!)Z0H0D8E8*Q"4%55\5G)Y_Y=7E%98@VJE8V3O[@ M:'`/_9F461KU%D!`OR$X:8B*9M':IZ1.$@L"D>I0JG_#3,D,`M"4R$>L5C4# M0'Q$AC%<@ZM2&.H6\O4J;!AZ^C`LF,BX:NNRS#;K[#*X%G-H2)9($^?_L>#] MV@6VW#:!C74-TNZ\J-DQV0I)TGN9NF?P MJN^Q]M;P[\#BD?G"EP2GQ6\:UR;VP0JCTL M$'0U"PJ"\=%\H0E/L[1&+34OS9(3S)A,$PQQ$%F;2K,B)W>=DC"6PJI+Q%F( MC>[0J>80@-I-)-V(S7"[LM(R\J#M1MW';FV$OTS;$:\@P?(M)0!E!0H)WZ6" MG$3#,0_'2=='J8CI*8PW^N[@0Q!PM.2+11[;_XJV9'[GMU:PC/(ALFX"^,!' M37EY/:9O>6K;2>SLL62I0.YN;+-G5/N.!L';A:<9'[2*Y^(>%1CN3`T?8KE? M=Q&VPRIOHCJISO.GF_0.4J_W%70/G'TGNB.:IH0"@D_N`@:S8?3`9$!O"O)F M.K`5@:M^2VC>LMB43VLX[_7@/`C"R3, M4\;'!@","W3]F-^)+'C!<&4P.8B08!Q\]RD&W.$E(=(?^TIH@Q-JI4F.8)ZP M>%>3M_GG,PFD(0ML&!,9MHX1["H5#V_R.N3@B(-"Q"`1%Y(FT*"O5.>K!PLO M@\,H)];."]D=.[V`)K!)JR3N^QI/8W!G;',J'&CG_ M;1F)HVA!=^D:C,K3''[C:!_.\Y!Z+L-L(E5I"SC9EP2PDD7@J!6T$K"I>\IT MF4UQFC"8%:N8_C0'J:SIO03%D1?!B!#=.:H@P$*]4TKU"K?LDS';T]32O!.J MA+RJ<^R2#Y^*%0C$3,M6IP(.3F5I0S$!YUG-"9DGSC6;>Y'K*N(R)`%\-672 MO"L@U%A6P1IAH4W1*R?`<15RT%0_B#"K8=>`'"-.%@CK1(EB&<%8:,'U.+F\ M[")8.B:KBO8%?VW'9OG0V5M]EEQK/2TC$I1)0,J6!7,<46`9\0]..59$H;WM M;#GD/.8(-P46O<<^@Z2+`N7*1HX[[B-V%$S9&A(Z_V&%@TY_Z6*\9-0IN^NVG3`K>Q>$)(K`Z:E(IL=PK8*>OW;T3>]L;">[5,WC*=&4A MZIN$UL9'7_OE;R:PU4QNLC&M8#WO#`S\VH0E6,'A;=<[U)1.08F"P#@@E&"9Q'%FRXD6PO`;8RO;R4QW%QX M4QM/EV\/<94\3$L+D!RI-U&>$@?"1%< M*[-BS)XIAI:7-;4VNWEJ;EV6E(]C4+340&GG/_O`E?+Z!L[>DN;BX&`W4?I2GOBTDJ*!9-30%). M[];3M`.U*E]60TS"&-7[4#6'?#9J%U!3>B"&=:IEC9_B=1D"F15;KG4=:UYS M*7X^R&_+:DSLB1C;B=DH0C\I9^)F3^79)47D$>[,3)M:.S38ADP>HP#HE@GZ MVU$)=UK6*(5$CVS1Z'Z+NH,*OR+_(+_]7,^.KFYC%*NN1!+JZ!LK@Z/P?5U#H.^-35+2'AJHSV?KK\H38C&H;E]G,0 M.OS+0AP9T#\JQI!- M<,,S$.;I/^Y0$&[MQRLU_OS5#_QJ;63,WQ__"D96FN1I_Z%W)I$'@+)55PI0 MD1Q;@@H?YU1+N1G8R['$!`8@=)U'';57L`W?P>H@>`5'C37>/*D?`<7 M@B+87JRR@"8X2D>'@2JX@OE'(7\Q0U?E?84Q@S08@#$2=S)E?I[!@SV(85`R M'L953F+G"AE8A'IV)]O$?RQB?Y/0A$XX:),"()_7=>P075>(;L,2.U323>N` M?E_(:.WB>5*($0YHAF=8:0L7&XD3%2SD9V\H=**##8%A6],`?,)WA[`&-T/E M(SNF"JI3+8!8=@OD-):2.(78"%^B>8GXA++64@-E*V83-2_8`IH2-5<1#PM( M>Y,(ARHW'RDUBHE7BMOAA6MP`/]&!78Y0`!MDPLRX(HG`(LT((NX906X"`&Z MR`,QU8L:H8JU84U;<```,`,(8$4"(`T.,`/)^!Z]@`E6L0+,<`*],`#8B#C; MJ(TIH(NIUP*\$``*4`#BH'?A.``(8`"S$(TS8``L$`!_`H\Q$(XIX(Y#P`PO M1(\G@(\KX(T1!`%;"(ZRHH?^Z`('20,)R2+$V!FB]@4#X(V^.!L%0!/XJ!XG M<``"<`*TN`+Z```=V8\BN2G^>`"S8!;_()`'D)(H.0M)>`(_!19 M:7`)VI`."""1FP(O!8`-9L"-$-`+V.@;`CDE!%`6"@`!I565(KF8^%*8*!"1 MCVF.$,"`B,E3\GB74,".$AF09)F3*A"-99&,=JF-ZAB0R6B8-!&.T9B,EQF0 M9;$`V@!IA]F/LCDHZJ@-RR@ASW"8`0";LG.8!7";*."..BF0=YD`MGF7DZF< M_T``!J"-\)B74*`,!9``EGD07X./JPD!4K>.QCD`R%F:TA":`GD0`?D,R_!V M<*E_[/<%)@D!R?B>XXF-\'F/H`&835F?U6@\/XF<]2F4"R`-_PD9G/\)G\2) MF!X1E@)IDP4P"Y+IB^"I`!8)DQ_YF8,"!?'IH/6IBQ$$CST)DW]2`-M9C?`) M&O&5C`(*!0T*D/\IE@()$,99GRS:CW*!!Z=Y`H>YF@TZ*%Z)*J3YE_3IGS%I MDRB@A]JPG?YYH\"VH321GZQID\[IBV[9/NM)%,72!M>)C0LXG"*IG?!I%J+9 M"QOY(UY:H(_)I2LPF\1)G)B2DD(IEA\ICWBC`@2PG2_*F")9F%FBI?!X``H@ MH5]:(JHYDA]YD[@Y)6@*GW^"G/@H#I8)I_6YJ&BZG2.J%&4QCW_9IP>@C91* MH7=:H&5:G/6YG7X*J!"ZISGIF4-7I?^OQ'UP`&E6D81429]>"IFBBIP_PI]U MRIBSN9G_F)HJZGLY(9%5&9,?20"S\*&@NI@XB1`Y^I_(B0GQ":'P*9G*.JB( M^:F^D)E*`06RJJ+>B92&J@U+=J?)2(^K$8W&HZ3(N8X>FJQX`)G`I@W>R*F> MJJIFBJ*BRJY62:W0JJU1*J+JR:IBXGIJ\)(1!&GN*)WY:I7PR)I=:5,_4ICD M^)_$>9>3P9K1>`"H-Z^S69L%()LY$8TBVALBB9XT<9?CR*RKH8[L&*@1ZXH* M6Z+\<9KDF)JKP0L&,*85F@T"H`T\!9*T6;'FZ)VYJ12RT'N0BJ+LR(^SFHS+ MF*#DR(TH^Y?_"+$`,+F.&'J+/X.O%^D;^PH!4!-N% M&K<(:SDH"92?'OD"1?F-IW0A>LN144D=08D"N8`[=WN+TA"2@VN5D4*W*["6 MMA4HRGJA'!DQCVNW9N"-QO6W+0"6*J"X,!!ITC"XG/L>HE@3;6L4;_M,/#"Z M]6``NZFZ-5BZ?G2ZJ$@%6:ETL`L+LML(53&4.2"B3!8OBGL6F^@#*A2Z0``. MF$`/Q@NX37J+]1B/G/D"\7(APML%PKAK5=I+FI`3EMD#FQJC+Z`-QAN.`D`2 M#&`%LK*V;UH$XQ@02NFI+J"-!("UDVEK>'H"_$%V2-DZ^'B^&;F1_[3;%NI; M<`UI&&O8""3;E+H(C@-`$ZQ[BPU\IO@KI?I@CE_YE_6!C%"@FM'X"QD9D`00 MG/18IQ5<%M[ZE7?IG"/<4"'Q3I\G+F2X\*"G\P%)* M$JFGC6:`C/$5G%6BG$"*Q$(PQ0OJQ5?:#+_/&J66K(V3 M'*5>^0_-^<>(X\3:`)O+"KB-7,HG2@!9;!:.J9V+K)+)#,K(K(T[=JY2J0T. MT).E7`:.R:F@;,@6"LRGV9/\F!@S)PO7"PC1.)MY',4DFPA6Y(_#&INT>JM(7/1TY M\:P9';;--<;(V-*\FXQJ^I_EK`H\-R;#"PEV:JQ6F9X'JJTH4)%E(2&=^B-] M3,^#VA("V]2X>JS_20VTO("@1/W/AC7 MK`FVRR"P+WK3%FNF,"/-`.KE\V=\4RF)X"U@_K` MHDK:<4JO9X,)"('8(NF@1RFJ)"&J`($'J$*-C"RV@[(IMKVK*FVG4+O;GAJE M\7FDJSW&$TP`#8"_\;G9P4S7LQF)"?!(CP72GPVNIQ7*H_A[W_PH#E%:OQP)4H-RX/_@ M*ELID#_#*0V\=_`(&D,.4C6^DD">"U-"V+V0F5.\V2UAXRMIE]DZP1"^J>78 MQ^I-1.P-4`,!;R+!-YXYC@PYE2ZB&NQT^T1SCC!#'"^!B*Z MV%.0X%*@V&=U=LK`A[,;Z#K"-[=QP()^Z)?$-.FQ'HC>Z'O#3.L#Z(X^Z6D@ M,A9"Z9B>!UJ##2:>EONI/#;!WNS=$`(` !.S\_ ` end GRAPHIC 6 l34238al3423803.gif GRAPHIC begin 644 l34238al3423803.gif M1TE&.#EAF0`X`.8``,/`OI&-BUE55,"]N\W+R>GHYH6"@?;V]'!M:^'@WIF5 MD_KZ^=C6U&EE8_'P[E%-3*ZKJ7Y[>7EV=*FEHY62D6YJ:>3BX*&=FN;DXDE% M0\C&Q/7T\];4TNWLZF%=6[V[N4$].W=TOJZ(!]>[RYMK:T ML[&NJ^KIZ-K8UK2PKCDU-.[M[,O(QD9"03$M+(.`?M#.S*NHIO+Q\&9C8>CG MY38R,=32T&1@7N/AWU=245Y;68N(ABTI*)Z;F8B%@_KY^-[ MW2$='1P9&2DE)<'!P`D'")20CO3S\3XZ.::CH.?FY(Z*B'MX=L;$PG-P;A01 M$O#N[5M85MO:V$1`/VMH9AD6%L7"OYN8EE-/3A`-#C0P+_[___W]_?W]_/S\ M^_O[^OS\_/[^_?W^_?GX]_CX]_GY^/O[^_S[^_[]_?W\_/CW]OW^_OOZ^OKZ M^OS]_#PW-OCX]B0?'_GY]TM'1O;U]-S:V/?W]<;$Q/[^_O___R'Y!``````` M+`````"9`#@```?_@'^"@X2%AH1^"VDE*QUE?H>1DI.4D6$+1`]DE9R=GI^? M8F(K)%5'55<;D*"LGF%C.RU19ZVUMK>#87`*230U:AA4(!NXQ81A91X(9*O& MSL^$:'H(`B5FHF)J/3Z/T+5^9$!Y&'YAWN?%?@=:.D9BYG]^:$-(&+3HGWX% M/T]FS?@`/?GA<\7&`32&RCB!("8@)S]S/%1@`\^AQ4EH%C#Q(,3//T%B$$1H M>/%0&#%F`%2Y<:9BR9>#Q*#(D(:.RT%^%-@P`],0F1QW4HSYV/.B'PU>,+RS MI$!`FZ(Q;_"@(J><+3]C1&@P4TB8Y`!CEQ"96*\ M&/S2CQ@&56;$O8HF#8(E3E0ISNM'3Y(A]R2)(1##SF6`'IN`45`&\CIL MX<(Y,B(_`4;>CB=&0("[A-"0_+(J4D%.`@`8^Z3N-<9`A`A(+:1EW"'!1;$()'2G4L0`NYOBQ`0@Q M6%9)&`;@`($$1_R``Q5B>'<,&5J$((`,W0A8B#XZ+!";)$T@H<$:#/I1PA5+ M1$#6)&'(J`,,`>RPP`0P=/A)'$J`0(4`!IJ("/\:"L@@9%EL3``"&0&>F*-W M?EB0@0!?O("&AVZ,(0899JB!0PH>=>)''#$CG`CHP\<,`2\V)DP-76!'')%@9($") MAI@!A@1R?D4&!%ZL2`!I9S>`$9[ MEH@A@PT+6N(''#@`T(`)NSY$!@):=&>2(3DRX(2D-51J*7.!>5%J(4)XX8,< MDY#!1PG)1B(&!28PX80:K(3Q!@!N/%53`T(`%M.18!@I.]&!# MM);F>((,'^3Q!LU\5-"#&CG3?,8',9"@A82@B,'!$4.X)T8?2>@+3QAL,%"$ ME!R$#949$:"@0`_N_4'&"$DT86TMK]X`PP-)=$!K/FOP<,'CT:A0`1X$GT$& M%'6<``(-B/:48SR*$.>=`"%2B@@!$,0`D$4(`%.$4$)B!` M`J`"QP#$MX`95&$(#QR#"L"P!"G4`"&L&,,+8H"!`)VD!@+8@@7,H($8"&8, M':B`!U2P@B)@@!GI0!X>]H`"&0C@!S#(%1$TP(`#C"$.'BG'E6[CAS9H@0%@ M>$$S:G:'*91)`":P0PIH0*4%L*$A9"C#`N;P#S:P(?\-*LC#$@30A!5Y`@TU MF%1BXF&&#GAA"5&HP06^L`0*K`$+)'@`'^`@@0;`$10Y0L,8RO"&`@"@"S9` M0A+R$``N%&TH'?)(&%KVE0/$8`#S:H8;-N"%)RP`.W%*K%L"%P6`!!)\`0LLV(($ MFK"&&=3!`::D62`G2H8;I,`#2=A"#$+`A0X(H0UC\AXN_/""%I``!;_\@QZD MH(--8``$/KC"#[[P,P/0D@DGP`$M+Q`!/J1A!'R1P@1G&$(([/"`/099"`!-K@F3(0X0XTH,+L#&"!T^"@69?TC`""\(@K MG60,9!+#&(PP``H@@`<@R`("F/"!!)1!3&YP0WZ\(88>5"$`0O((`4A``*RL M;0D/Z``.9%"!(A"@!8<%0`F^$`,9+$$'1]`!"29[A!`TZAL$P($UQ.`"'[3@ M!&68@@RF0"49'*$".X"C9QK`7%6@00U&8(`24N`#*CR@#GD,`@LXX((VG"&B M`5$'_PRJ4()5F"%\0OG#&\:+`#CL8`E%J,,*"H"$!D`!#1LP`!0@L(0JL$`- M'2B"![1P@%N,(0I9(,,",,!?BN&-E"I"TA( M0/W(4`(>.."RM4##!,`P`"0#H3>"Q$D@3T0&-NAA!8BV0`G2H-6A?*G*$5Y# M`*RP+\W98&IRF<,!R&`[/Z3!`6Q8Q0:L\$!$6$$+16`"%.AP/9>D;YK?FJ@? MW)"&*)"@"2(]3JX+$4U!EUK0@/S2KB^8BV^5A0X7J$/1C+!="%@SVQL>R4$= M&&"[9UO;&6(0P0^,,.QK>_L6GME!$0`PKF^;^QL)R(`/0GWN=MMB#%:X@I;K MZNYZNX)O/7"GO??]$#F8X`$8P"*_!\[K:XP!`BU(P(T(SO`_+,`"96!`#$20 MTH;S.Q%4$K\$#4@`# A"(@)Y@3?@49I8(>MX7S@8Y@`'T[^\W9[1A1%)W@@```[ ` end GRAPHIC 7 l34238al3423804.gif GRAPHIC begin 644 l34238al3423804.gif M1TE&.#EA=@`C`.8``+*RLBDI*?'Q\=75U1T='<#`P"(B(JZNKI:6E@0$!#HZ M.M+2TG!P<,G)R;6UM=O;VW5U=;"PL(:&AA$1$9"0D,S,S%=75\/#PQ86%M_? MWYR+V]O7Y^?E-34R8F)C\_/X&!@4Q,3(J*BG9V=F!@8`D)":2DI+R\ MO(*"@BXN+C4U-:RLK&AH:%U=7V9F9F1D9!D9&6)B8C(R M,GQ\?')R7DA(2#`P,//S\^_O[_GY^?S\_.?GY^OKZV]O;^WM[?W] M_?O[^Y^?G_;V]H^/CT]/3YF9F??W]\_/S_[^_OCX^,7%Q?+R\KN[N\?'Q]W= MW=S7EY?KZ^N/CX]'1T=C8V(Z.CIB8F-#0T+JZNCT]/>;F MYNCHZ%%14965E>KJZL[.SN+BXN#@X,;&QNSL[/7U]0```/___R'Y!``````` M+`````!V`",```?_@'^"@X2%AH>(B8J+C(V.BQDBCY.4E9:7?V!B7HF`QA^(+V\9A]^!`5J/[J.>'XX488:?@90I@I^U-:F'!@)+4^"'@EDC4X& M?@"&;,0<3%%@U\X=IAHF)NA8]B=.@B2-H$SQ(\=*(2=)_'@PA26>LVH&+:&8 M8,+!H"<&)IAD!`#'A`&&1@@C52I7B2P%0TY:$\!/`4(;_#!HU*0G#$-H)O@I M88H*,3(X0>IT!,6(GQN$(OA10(^1"S^2"F'91^!6"3]G_LC(R2L*%4HQ_]`2 MHB$L3R,`"0@L*$1EGY\M[\Z]C6IM2X(`9AY=H29+4)%GQ$D%"8XVRF7B+2$*&-Z`-66%0`)R@H(\NU5`J0GPC2"P M"RW(0G-'AOD5FO)A0%#KH()N(#1QCZD+2@6`'B,7!%-0#W[X<)LB`&Y'"`,F M5)"!":25D@$.(-!!"`A^M(*)$VXH90-^C%3!A!_$6/#'#<`YT<@#1/A!!!J# M?-&""3E`,0,!?93B!7,K">*$"GY@HL8!-K!C0_\9DQQ`D54U=("#$2XR(L`* M[*10HP0FO-'0!-*!TH!&#`E"!@$F5%'`""&`\0@>Z[#S@1232)%``M@E`QP7 M$3'GAQ'HD>`'!8+84%8I4L23QB!.@"&>.`1)Q6@!6(1R%D$))#:)>D&T0%`= M7T2$!$$Z#`)A%H(XZ88IN0PA!00B.$,0.T1H,0(;C+8PC1\8"$+%!CCXX0(` MV;!`R1A^3&#';A:$VL@0!'G`T%>R_5'%!R4XB\D!YNUF@!8=Q!6`$^D,PH,% M2K%C`A!-=$!$`AYOS1!`0)N%$NO5V``L<& MLO[9`0!KB%;O(%!`$`S_#BU<<<48)ZRC@@9\5C"!`71.L@4[2N&P09F"/+#@ M(#*8$`"6:3V!3`>#Z&&""Q95T@0`F:$\0\*%Y+++($[Z04*5?T"+)\6PY5!) M3^P0$("#_.8E)7OXY<(8G^'L]GB$A*!- M&P@0@T1J@F"!@PE,3L+"K+T5\MNLY3P!S)T3P)_^,T,SC*#\BV`"$QYA!EB]`'P\"0!&E@$E@RQ`#D- M:!`%^%,3I#"`&TQ#`31*A#?8,;9"""$`_5#!!-C0!J4@X`]\,!!;!+&"#R3' M$6D(UA"F)S`5@)`1SBC?'SZ3!"8:X@E$FE4`T*>()/V)1(9(X0C$P`[B="!: MAG#23QS!A7T@H5Q-V,<1&I$-"!)"``4H%R*:0(,4[```)T1$%`@BF43LPP`) M*$G+=I,"/0K)!%IZA#F,H`9!Y*$G'7@9(H:0`.),16`0)5R*)@DQ)G:`@&A_ M",H'3N!(09QA!95ZA.9FX`0V(.!$=2B>(N8@AD\2`@LNB,&B%,$!/P2``G,@ HA`1$4+I"2($)@5Q$#F:%(L;YTI=K<)Y.O#""8&"@!1JZICC%&0@`.S\_ ` end GRAPHIC 8 l34238al3423805.gif GRAPHIC begin 644 l34238al3423805.gif M1TE&.#EAT`*Y`,0<`-O'BZM+3 MX/#P]>3E[-76XO;V^<'&T8*,HJ*IN9*:KO#Q]-'4W;*WQ>'CZ'-]ED12 M:*JN;.N^<"S/=&W?>*[O?.__P*!P2"P:C\C89JE(+`K)J'1*K5JOV*QVR^UZ MD\OPTD"`?L_HM'K-;KO?\+A*3-\`$`>Y?L_O^_^`@8(O=84##`&#BHN,C8Z/ MD(J%DQM-99&8F9J;G)V>*Y2A&P,"B9^GJ*FJJZQ@HJ(*!GBMM+6V@`4!NKN\ M`0@"P,'"PP((O<>[9K>"K\U+#0F7R]/4U4&YN\(`VP`-=@@,SN+C=0W3.AT_M\_3+V`$$P0;;?O77,)S`90QLIO4Z,+],)= MG(IFL&U\#0LD0_A%`S^R'V:KKW&;F^@*G.';2CC@3$DZM5P-:89V;*Q34WY;LZDKE6<4;7 MRI.ZCM7;PX>=?GN/>'+FS/*VSAX&Z@3;[)[GWO.'@_GXPS)7WR=_P`'I(-6> M==A8!)E_FM47!/\""#;(%``)/`6'@P.EY]R`$5&T`##P844A9EP]YP-`'Y:H MTP`1>H>&B2`!$.!@&*H"7%7#LC'Z42!=VP"9 M'(Y)`*7DDQNQY9864`K%7#H(%:F&+AL*T&&5X3$I!5A@EOF.:"I*8:98!066 MI99%')D=`&OB=X>(2$16YY[.L/60*WS^M0TP".$)IPFH"7!@H`A2EL5EC$;: M#(I3%B&I;$4%)EA"I5&%I(>7?NCH%K&%:NI.T1B:PZGB%07A0;R4ATDO%G%X M3B4)D,BJB:-V@=RNP-+1DJHT!&NCJ^@0,QHRNQ")`TW,!M`E,>?P\P[_3S[I M:FQ^O7X!WK;;0O,G#N"62Z&8)9A[7K=GW*>NN8>D*<.[]$;GSVU.UCL;NFHP MJ*^YLCC+PK\$2\:31RR06;!FL\"A[<+&BBOK"1!7/!17`J.@I\5,\?L&Q^K> MD3'()`=T[PR0EGQBPWODJW*X3LSQ\LR%='=#J30/Y+$>"N=L+!EH^4QS7L<) MC1[+@&QLM'C,5>OTTU!SH_02&"_-\<$^?&MUS0H.DO+6^G&33C!(Q7H%+V`3 M3/0/!Z1=3M>+X.SVM=MH6K:\;LQM+M9#^.LVMI'\JG<=39=4*&Z#[^H4L3L\ M;'03>#.BM=5-F]29)XF;&J\4\OELW";N>O[J_UFT9,YH2Q,/X3+-GW?B-\B; M#6F-Z6LZE?$1`OC,+B>.UVOAY1#17J51D4\QM<6[8U[OJPO<3H_P.\:3^A1? M?##,?F[@*-&]+1@?]$+H;8B\EKSO/(2KE0W(!L37$ZR$@T'>JZTFQ&BF<#0V; MZ(,G"H120V0$G4)%/_^8V/!&J>*B$+SHC`;(@H*9&.">RA@3[6'&3U=48PS9 M6(YT&+`5$>33`TM#Q1*60H^`8J,;2Y''3?0,3(/LC?V&XA0X(A((3P00(^G1 MPAVUCD#+"=@EK9#`Z4A$AT_Z9'L":251CA(+M-,D:62B01V1X5`?#(G(7LF% MN:5'0(O)98F2AZ%.DH-XO/S"TFIC29F* M@13-I&F2+)PO9A?'P$QQ3?E;DUY+`*;]@H9L15HH(3>Y_XVHTB\#2M&:>E6F6)A1 M:C8KJ>MB%W%K^AUL?2C'9O"S"]BYBK',>]Y'A(IYW&VB54/Q7BI,UTNI?1=] MZPN)8&E3G;P\Z]O`FP/4W.2VYAHP@2-!K\V4XH\BO&U_>>#@&JE,PA/&1,4D MRJD!&38,EV6!G#IDUP^C-,2JH%E!QK:._-)#G)?5ZWB]^[@7PW@5?ZO;4701 M757HRF-)U2R/]0;B'W>BE$(&1HU]"V015$51`>;C&!#F9%MHN1#5@FDPILP. M^"*C5OJHED8,X-POCT&:7:Z%F]D4M3I';2CB*L%&YYS;.*-BSIKKZ`F6G,`^ M^SD5@&:4)6[37B!:\=#U2/]TG4AQ.XL",<60+HRDK1N-$RKX>YC.="LV#21* MUP#"B0NUJ$M'ZA(M^@9%%1Y/BKSJ4;>Z0;O4064'M^%:*^36[K3FB(2G@*_Z M&B;`WHXE:,V"%O>8R\>.2K*),U6E'S;:VMTT;AZR7 M!H3FF*'%'1%R1W5<4FBTRA[-[NJX6RBHTX*E5:;J>B_EWB")![.!\&F(]=O? M*0'X%\V=!E3[SM@(M[?"^S2:BGU;'>)9YV("-4GE5+1Y3QD/ M>Q-IQYRVV'@3#D\ER]7^2KUQ;^J8B+691$[WM2_M[A(!.91HWG>!SDR]45&Y M+8M>>'-:S!PE28II9/XA>C=^IOJRL.39LW,6'?SR8C=66=9A<8GL^EQ8!_U# M+R7DB7*1Z;R%KNKI"LFR7!CO[&%1VF?O40JY*JAE9ZG7Y[-[WK,4-`4YQ]B" MP0O<7_/L]@*[\<%ZIC=&RVS^3G=F^#Y]S`MD@4;7.W&XWWV>NI7A-1<\:,A? M_J%:%OT(+[A-Y]Y^UFH%@^RF_%AZ7G_JCT7@Q]9Y?<%___U75H8!#8(&::``1```17``1@(`0]``1(0`1O(`1'P`"70@2-8 M`@^0`1EH`1,@`3"(`A$P@QQ``1`@`1-`@C0(@CCX/+F!H@D>(A$FXA";P`"98`A%0`A8PA26P@57HA%6HA1S@A$[8#N$A)3E' M4<.G$Q5(A"I@A"_(`1D@A1-0`2%H`1SP`!90`3G(AF%8ARQHA$KXA"IH@E+H MA!<@A74HA7)(A_.0'V0H6M"W$6FHABN`@1J0@V_X`#EXA!/@@150A928AQ!P MA5B(A#D8@AY(`8)(`38H`1>`BO]U2`$5$(LI.#L.(B5OQTO:YPR1*(DL8(06 M4(5_J(058`$>^`!(Z(M5&(58&`$38(,4<`);6(=+&(U*^(>T:")DYWQ%(GZ3 M,82\V`/)6(7)R`$O*`$5@(DJ.`'A>`(4<`$M2((0<`&*J((E6(,AF(,/4(_E MF(EB^"3D\5#JAQ?>^(UPP(\DMW?3H8W!!(D#29"0)BGIM`YJ%'=BP'X.Z62* M@U]P(H"%8)$7"0?C>(516(?Z&(*19B[I)#O5L8`<07\?J0@1<`%66`%_*(Y? M>)/JZ(/_4CD75GJKH'(K]9*88(W"V(RIR(RNN(@E4Q1#=HN(-@G%)Y2#0)14 M>(B'V([_K:B31E,4,%5C/AD(VG,(92B5?$"5%O",'."%U:B5F9-\RS=E7[D& M9/)Y9/D'5#F.,UB%/(B6_:AER")FFR)4<``<`))Z==ER)5>1=I8LRM*8C[&8 MY/4VT':8?9>8ZV*8E/ETEJD9LK%LGME^H'E'`C"6HXF8I:D6^)>: M!;B:W)%&KJF&L*D3MC.;!%F;+7)(N'F1NAD0W=:;+_F;#>&4PEE^Q$D)>'2< MF9F<8A"=Z$DQ MM]9;Z=F>'X%T@N6>\OF>41>?\WF?]$E"7(>?_/E#^[-(2M>?;@*:GXG#7`-Z MH*`P-]F(H`SJ`E8C2ZC9H/(Y,P<6?!)ZH2U@/2^"H1QZ`_IR8+;1H2*Z*O.5 MDILWHBBZ`Y?"D^N@D"GZH@0T*)R!82]:HT3P(6XY9KHPGC;:HS`P7N>@?PSA ..-)I"*-CGHTCJ!2$``#L_ ` end GRAPHIC 9 l34238al3423901.gif GRAPHIC begin 644 l34238al3423901.gif M1TE&.#EAV@!C`/<``%Y>7I24E,3$Q,G)R?O[^_3T]/CX^*ZNKOW]_?;V]OGY M^>3DY%)24NKJZMC8V(:&AH^/C^OKZV=G9X*"@IRWE%14>WM M[?/S\[V]O?'Q\?S\_&UM;?KZ^CT]/>_O[]75U55555Q<7'EY>4U-3='1T=;6 MUM+2TJRLK.[N[MSGM/3TZ2DI)&1D6QL;.'AX3L[.]W=W86%A7Y^?HB(B,S,S.;F MYE!04#4U-2\O+S,S,T)"0EU=7WMZ>GI\W-S3DY.8R,C$1$1*"@H*^OKWM[>V%A8;JZNL/#PWAX M>.SL[*:FIL7%Q9^?GV9F9N?GYXJ*BG1T=&-C8W!P<(2$A(Z.CK&QL8N+BZ6E MI8>'A[Z^OLO+RVMK:S$Q,79V=IN;FT]/3W5U=9.3DYB8F*.CHV1D9%]?7ZJJ MJK*RLH"`@"TM+965E65E96AH:)>7EWIZ>LK*RC\_/S`P,#/($.*'$FRI,F3*!-^*)"@90(% MDE+*G"F30P./!$)D<.!`P(9-Q<@4H3&AZ`0B?0+P>"+`@2D#-*-*S4C@A1,) M-#PY:$``(H$;%YH(H"!F%HDN(RQ86%-FR[,PEBQ0FTN7&JTZ:RPPP*)%Q8P" M4P,+9IA!55VZ621(*`&AL6,UDW04&G:XLB`+'N"$$"CI5Y;*E8,!`;%F!*P_ M+0P-7KV:3P70H"_UFG!&1($`7&!3HU)K%Q^H`PT\`,TE4Z=$JVA0F+.A*<\P MH5A+GTHIMVYJ%8;``;,@@<`:6T!'_V)"(4P-!`8C^*A;@=,+1VUBK$B#?KK] MU>&I*0$!8U$.''%4$L5-!XUA0EV(V&!&#`@A8$`"ECCA!#">0''?A?<9@(P) MQ!3R1!-A#*(!0W;,A00C:!3!@4`&K+"``V!L0$8A/9`R``I11(#ACO:)P`40 M%4PA01]2%/'&9@K18`(:7L3BA@L4H`$`%EU@8$$9(%R2RADI9%`?CV"N)LQU M= MB*Z6PFNZ+8$*)';P$8$!,57C"6R*:"++#5TEZNE4"%2"B`4YC(`%`*N8\00* M2!Y$`"AT.FLN37/H>=@:1Y!PQF_GQAL5 M'NH"`<`6$`C0P@?R]DO3@:`AT-PQ&$#G,!P08.@@`=)($:ESA? M03H`@31*(0Q!<(`=(,`$NO#B#[@SP"\PP`4GZ*`%4$&`!H+P@DXDP8P$$8'< MJ$$#%+!A`W,(!#,,TL?=M*$@*V@$79CQ,H*0@@L0^%@>7F`%)'!B`&B[`250 M09=5Y(P@!:"+*'BB@P-Q81@.%,@+2L&##1AS$U.82RDH84Q*#&$-411(`0@Q MEUXL`(`DF$L5'$)&2`J$#7-!1!$0,@<@4.,(03A(`.;"@`L01`%0$(,YF[$& M3QC$!76@!A-$P/^O.;8@#MX4B`/D0HT#$&0,KC`(!4P$-()$H4USJ<`."E(` M&R##$03AP1ZH(8005$J$&;C"TSBAHX+010")BT6;N+"+@11B!U^*@`?F,H%2 MYF$"T:R&`H@P%P^4U"``F(L$N!D^@H"3&C@8!$(V`((;NM,@ZW2J01#P"2O, M)0O!%$@;3,0'A9R@"RLHR$#G8M"!$""L!1'!&N8R!,>E8174*`8,YO*`KS4! M!C9PG"SFZ"+D+H9P)*,!?!*80`D/A:-<9:4(;_A()O M2,TJM)9@"M928PIO,*L:DD"*@7"`$7.174+`4`8*:E8@AAW(0JGQB(0TEAHU M5*W<>.EAJ4/8AW,>L$`AE``,'(P=@2$EKT?MC%!X'$7*0AA6H@@`+\M<1$ M:"L*EQ2@!5DER*+F$H"!^``)QX!L+^;2B$Y%00F'&`@=U:L01]`%#R9]L%EA M!>/T<#B["8DJ(Z#@DC(G()N7;0@9Z_"```3@_P%6^((>C%>0%I>6(%'M M3QMD`'0I<@(FD,:)%@0!+8C"Y8[Q,=HJXDSM==U!8#<7!KE`$)KX7P10*Q`3 MF,`!`\G`(ZB2RXV$+:Y\.#=K'8LSD&L\X'P'+Q% ME2+@JO:*55>CZ'@^>D%<\.AT5@,0YJ1&(Q)2<`N`V^ID?>=G%3J7+ZB""Q-_ MG.YN"(-;!'<@DE#!V*G1@X6D(&^DAK`*J%8&1X@Q[QW>>XB!>NN&J"#P`AE" M;H``!^\A?B!YSOI`\@,+!'>2&K*X?>4O/Y"*/T2M=('TL2>Q>FH$PB`+Z,+_ M5?O.\#&EL+!:KD8":/#&"HQBPWIOD*;Y7MG>,\06P*_&&**%'5,3I)R^AGR* M-Q`_8$Y+$&2;0!%G\'$6CT)V+VMQ!U9#N.)Q`=8`=.0PUE(`<* M)5AZ)A!1A0B?9!`-,%-*P`,%D0"XE02$,-M5!>!Y$'G,`V M*[:$_$<""Z%(0<`H>Z`&+;`B9J4#C&(!%!`$&A!`ZS,7M7`#I60`,F`LB"@&6`7'&S`*,G@"BOP-1H@!5VD'WJ0`3U) M$&G@":X`#(UQ"E?`"G8P+&F0`H4P!!*@"JX0"T'@"E?@&+70`VY0+B+0!ZP` M`9A0"Q+0".:4&$(`!RD`C@K1`*.@`SX`467B'F&@/:_0`XX!`=%P)HH!A0@A M!1)`EP1`'(#KF*3IJ=I[I>9[HN1`H``"81A`/\)T,P9ZB,YX'$9X[AY_?8Y\` MH)WWII[U.6H-`4465F0+`0`8D)``L`?\F7CVR1`%)SI[L*`!"@!S99X2.A?= M10T(NA#4``/L^:`[1PTE0)<>>J$9*CH`FA`D1*$6JA#MR1!S40('"G@?.J-A M1@T2P5HV6@W@\Z$+L4X/47`$,0!S):0)D:(185DYQ:0,0:0.4:,"$:0)2J`T MRJ'0I:0(P:0'L`=8NJ,28:!;ZA!2VA`%UZ)1Q:4'`:4/85D8<*,-<:8T>J)R MFA`ZJA`A6J'7Y*8)@0'4$$5TNJ,#4*B%JI@(47"&"A&#_ZH0!6>AP`:H;%I8 M)6"H-](0HK-.!.JG8NH0@/H"BSJ@4QH`5LJI!P%L`[``036GE9%3Y6991.:J M.%>D)IJBJ&JJ)GAN`XJD,!!%N#I:#Z&J=4&B?A>F>EID(8H"OWJDU(`!P/8" MK&JI`X"H"+$`ABJI9LJC#G&K,(`"@`ILDVI2E6JH\7FEU:"LW;JLB0<1UEJH M&."@YEJ@188"JO!UM9!/JI M]BJ$`;L0_7JG"CNJ#MNPU1!5`)"0LQH1U)"Q%N:Q4?JPCAJH!=>KU="P%KMS M!"JL%MNH2PJR)YNP>;JD"+H`V/_:$#;;LAW+G@Q1.!CP`.6IL[0ZK:RUJ0D+ M72)ZGL0J$#.ZIMGZ$',1IT&;L/I9G]U)GPTQGTL[$.49H>`%IRWZM0_QGIA6 MG@"*M3)JGUM;M=6@M=QDK`KQGAO5K&$;,FZFL=;MWS;MW[[MX`;N(([ MN(1;N(9[N(B;N(J[N(S;N([[N)`;N9([N91;N99+$PD@"SJ@`[*0!@A!"1,7 M"B]`?J[R,D:@"1`L!KA4^0.@EA`',P7Z!D!F@U$`JPE`KQ`B9@`\3``!19 M$!]``L#_*P,C$!T,H0"4X`<",0,/D+H-\0-,4`5#8`.HP"PL4`@;T0*F"6A8 MD&X(T0!ET+L*P0%3<(@]P(H%4<`%T0=UY1!$0`0$4008<$L*H0&DX`('<0)6 M@*BY4(T+(0=4P`-&$`/&X%K5X#@AT`5ULPDDT"D$D#6.(VZMP"(AP(\B1&>P M<`1C4`"6T`4FI`,NAQ"XT\+%B0`U\`*Q!2+&4UH!IH3`"?(`=/@`,( M<"L%H&L,@0"!(`'`$00\8+X,T`@00&CQM1F_60TKH`4F,`PJ_P`8@.`$BP`` M?L`"2Y`$B-"8'F`&.E`*`I$"5"`#=,``(P`-CJD*%7`,AF``,V`$6X`$((`! MOR`#)L`#73`#3X`%.!`(8Q-?+V`#79`"4A0`O(`#.:`&G)`%64`%*H#!8L#+ M'#P0DX`%!J`!%:`#'D`"?X``#4`$%7`%F)`)U1`&BX`"B;`)U?`!IQ`-.[`( MIJ``=$`%A_`*1X"^G<`[8=`(.V`(DW`_C[`$#5`LOBQ")8`&YQK+6'`(8\," M5S`%1``&'\`'3+`#!D`&N#`%BA`'*T`#4P`+(Z`*!K`)99`,7T`(#($GOE`0 M*>`N4!`($'!X7:!^5?`$YDP";(`"-O\P`TML"V-`!%L`!2J``7\@!R&``T_` M!B-``*LE!*.@"&?@`('0!P0A`Q;@!%?P!",R`*F@"V'``5X`!`$0!4W@!#WP M!CT@!(<'`D+`!HD@."=@`WRP`U\P`S_@`UJ``AE`!I>`!FS@`UAF$%L@.`Z@ M!*`P`%I05Z20"G8@"U,P>6Q@`GF`%-4@`DYP`HMM`,>@"'3@`"5`!6U0`/]; M#58-!;'0!3S@""0`!-6`P72))\!+8*R@!ZF@"=5``ZB``F9P!1'@!M84!H_P M!&%0"I-@"%>P!)4`"&4P`Q&@"RJ&MP(``Z\`7470%LF`M8I@985@`?5PV9 M(1"%@`&`\0!.35%W`#2`8'J2D`LU105GT`'3U'QG(`&2\`J@8``T0`@$H`,V M8`"8L`7HL0'Y]@86Z@+1$`I"T%9TQ`C5X`A80!#J73=H4`HZY`-%Q@HCX`(M M0"Z^@`LAX`:',`AY8`R_(&ZL0`"#D`.$)@:KX!#J+4>&(`(UT)L=@`"^D`K3 MI&%%0`4*,%"V8#.68`P:IE/\T@="X+E-4`$*4`!W0`>X``DA@`NJ_V`SK0`5 M'Q`+)2T0D,`$4)`"Q!!<:5`%@"`0$-`)-D,!PT98W[L)"&`'%0`!H-!Z"F"R M)Z=AWYOI!6&SOHP'`ET-QE`(*S"%ZN$+.W4*GIT#;,`$*;#K*\`,!M4!`5`* M!.`)T(P`J-#G/J`#U6`(P"`,"$`#/\I@B!`"WYMN6.`(!L`"N\`+2U!XL%!7 M;3`,5X`&1-``+(`#O8O!!4``)$#.#9$`O#`!&E``HF`#;0`)5V`(*Y`(-!#P M!K4)V]0"1W`!)U8)'!`(LZ`!,;Z!M>`*'T``9\`$`J$%.-`)+"`<-(``@`PC0)RW$``?P5L5`$&>P"->-`7K#`6_M`&@PE+-05\2@ MA&)0`G"P+!V@!\!4#62``]5PPE*PYD4@`\=9#7Z@!#AP!U:P"Q\P`U6`!HD` M`&T@;E30`%X``V+P`5=``JBP!FH`F4KP""6``;[L"LM``C&`!V1=#=>F`Q\@ M"8[``$-P!T[`O@O0"16``R-`!5*``'I@!2-P!C)@!11S`CE`"$=P!&#P`W

"\`B<\!:J@`PS_H@%)<`2Y\`8VH&,S\`4:P`(G.1"_4`$($`%.4#=U?#X] M@`43,`4,P`>JBKZ7_@5C`Q`+`/B19.<(FEG*/%5C,E2[UN$#%JS8$/'*(129#-00MHA0PH$=.-05_S`Q0RJ*2B@8> M$\B0D6`,"X\-BB3U*(<"G:M+%7PRHR*&1P)RHC1HT$1IUC,NTA804:!:802? M`&R0TFA*C6I&!!C)(\-QX<=-TGK\(:,:AR*."X!Q3."$FQ"-"Q3!7&U'FL=J MLVLW4+QC](DG-1PD17!!B@86GYN$`/PV=-R*E/TZ=6O9]_>_?OW"HB4B-%"&*\$\/7OY]__O8Q%]!CDF3M$\.]` M!!-4D"D$+`$%@R.HL&-!"BOT+X0A2,BA@A[RL/!#$$%<80$#0C3QQ*4*B($Y 3%%MT\4488Y1Q1AIKM%'&@```.S\_ ` end GRAPHIC 10 l34238al3423902.gif GRAPHIC begin 644 l34238al3423902.gif M1TE&.#EAYP+N`/<``/O[^[F[O=/4UOS\_/[^_O;W]\O,S?+R\OW]_<'#Q=35 MUOKZ^L;(R??W]_/S\[R^P.WM[KJ\OKV_P'A MX[N]O^[O[^;GY\G*S/GY^=76U]?8V<7'R>[N[]K;W.KJZ^_P\,/%QO;V]N7F MYM+3U,?)RLO-SMW>W\#"Q-_@X?HZ/7V]O7U]<#"P\3%Q]+3U;_!PO+R\^_O\,/$QO7U]L7' MR.SL[>GJZO#P\>OK[.OL[-'2U-[?X.GIZO3T];_!P^#AXN7FY\+#Q=S=WM[> MW[R^O\W.T+[`PL3&Q];7V-#2T^WN[KN\ON/DY,/%Q^CHZ<3&R/'Q\=/4U>'A MXO?X^//T],S-S\[/T>'BX^?GZ.CIZ='3U,'"Q,#!P\K+S/#Q\;[`P?3U]<+$ MQ?/S]/CY^X.OL M[<_0TN#@X=K;W=+4U,[0T>/CY.SL[.?HZ>CIZM35U^?GY\O,SMG9V\G*R]O; MW>_O[]G;V]_?X?KZ^]?7V>#AX;J\O>OKZ];7U]76V,K+S=77V-C:V]36U\W/ MT+V^P/O[_-O;W-W=WOO\_-[?W^KJZM;7V=S/($.*'$FRI,F3*%.J7,FRIO8,.*'9L4`8`&!=*J79NV"(X#<./*G2O7P0FV>`L`V,L7P``" M9`,+'DRX\$T$#1)O6&P(!0HR%`(Y`*,`CX'+F#-??@$C@>?/H$.#_C%!LVD# M`E*K%O!A!(77%*AX<8Q"BI+%BQ,WN(#`L._?P(.+'>#`01(.',A4J)!KPH0. M(:);F"[A01`!-,3T&+.LN_?OX,.+_Q]/OOQX#0_2#X(R?7KT$#%>.%_Q83D+ MY!R*.Q@@O+___P"61,!>=11P@@,'B,$%!&!DD($,"BC`P(3FC8>%$1\X``--9HHV"(-;#(!C4XY@(% M$`J@@P$3_)``%`&0.-X#NHRPQ@D&*1&!DE16::65$?@PAPH&E)):;%[8MH$9 M#6QXXYEHICE4$0Z`P@$-L8`0R@0O1$>$!2VD9\N5Y@400Q,BG-#;02SP:>BA MB'ZHP7H6_!!"#A-L40$9')3P!']J9JKIIAB9Y4<#!QX`"P1K9.!"'F.LP``, MB5JI`1$K>/_10$,QM&KKK;B2Q\`*8UB2`0DMDND',)P6:VR-B,E1`@0[H/`( M!14(P(0=12:@0:Y7!C##):;<,"A#"R2)[;CDWAI`"S/8P<0'5*2!P@8XS'KL MO/1Z51P2*+!000K/A1#&%"WL\8"XY?(I`1!(F+%`1,44[/##B4+R@`4FA!#I M**N(4,1%(CA0!J;UABQR2`0,<%8!""[;(!4*Z*"""01#C"L4,="2Q+<1$:"` MS#SWC&@`,*R0APLD#&'7`C@C%,`/5X`0!0F7CBSUU`XA<$$1)6R``@8LC/"! M`)9]D<`#/I<[B!TCD%`&8!5YP$#9<,==I16DI0#"?4?(L;!!WT7_$$06.2@0 M2`D@4VWXO,2)L,HDS-$9P[\6I">WPP'D,((>#21-D0@63.[YYR%*X$,6*ERA MQ0XE>"!0A48`T<02-_"P`-N'UUZ861X4T,,!27"QX$`3TX`9(X$`%M'"&#L0@!!;P@02NA<;\^2`22'@"`,9HD@D4\I&0](X; M)J"%)JQA"(MH@`GI.+*2G>4$.+B!""#PAU.1X@UOBZ00)<``+2SA)1Y0I2PC MJ8$VK"`36F`!!D@`A\QQ$DT$N``/X*`UKGD-;!,P@0^F-,LA!J`#(%"#O%[B MA&9:,Y+6F4,(W&@)+X!"CK\TC`-*L`,O6*("SV'`#.80.;)=$XTF:(42>-!# MEGS@G?BT9AQRP/\&$/PJ6)HT4SB7XLD+%,`&O.,""3+P"`7P(0I0RHERM%9GFL&MQ0`!9)X&SE<@)$#/,DI#9(`*'V!##C9J5K-2U*(8]O;0`@L0P0@A4(%S0@&"I#(".24HCE/]LP`Z%.30P(0;P,T(*\*>#'`2!^MHW"70Y MP!/RPI:`]N6_``;``M#"W[4@E"ZBM&]]E_"'^9HJ#_!-57L9<%X11<`"*J"" M&'I#`#2HM["'O2A21O#A$IO82GL030(8G)5:\"KZ2(&BH- M/5:Z$BNG\`&G1TUJ<@7`!&QH`@3F+!$0E-K2T)1F5@C@@@J_^M:X'I$;5($* M!UP0(R;(=<\D$`D2T',K`+B?L)?-[.]H8`XOD,6&.\*#9IRN%RK?`MTS1&`!!"JP.20%",'`E1>`+:,!`PL/BBH:;ZP%8L*'%S1B`!!3B M&$Z8YDDV`86-@PA^HO]P`'G!HF634RG%+\`#$#XPTD`X80,N%^*N47$`0[.$ M!:_->>5<8,%_BZ4&.?^0!%2@`P5D0`HUP&\/&K``8A$DZ?J+0QA60`,;&-TD MA]`!UKW3\>,),#A]=GD`)-""+Q@U!2-@Q";`^9"Q/R\!=Y`!*I8X$P?\8.QG MH\(0RCV8!2C"XEO"@P)D\`A#0,`!)\6(W3_G`S`>0!(K9PD2@I[O+"`"'8^`W1Z!NB(0?B3(+Y?_ MGT#@!"A7?R87&/C!CG""[PNG""^@-`QT,((_B.``L@O]2<)_JRY8('!2<'9# M$0CO]@`SP`00X'[_\4-L%@%80`0Q<`5*17"5!L`484`(]H(`]X3;-I@%G\&03 MIR:`H&1&P`=5H`1)4$+Z5X$Q&")9P@!;,`E0`A5(0&6X%@%38`"R$C(`H%Z0 MX`-&``@?,#@XZ!-+6"$8^`%1<`K&%Q4$T`26!2P@ M`CYG5P.@BY[#C%70,8>@D@"51391K@A2\@.&)6.TH` MF!*%;3Q$F`PAC`]CCPR@`%+``]XS9#`P`6Q``330AU+)*2366/#S!V*$G`V1 M!B3_>6TO@!TB0)`$I%X?E`IP<2N:(0X5TO&@,@P%1SB9RJU`58T`8QD`,IL'SD)J0)H5'O1#,R MH'M46A%4224!X`8JX)P*^E1G="ZJJ`I[N`9<()9;RA`^U4S1-WUKTZ84L0`N M"B(18`1C\#I]N:)!9`$=@`N?@`(M\@1EH)ITZA!C)4OK_]=^B5H12$<],4`! M2F`#B$JGS@,)$D`Q%B,I'%`##O"H&+%8D&2`"+BCHLH,MD<>9LH$,9FJ5P9L2#/JBM%;$!"1`>)G"D=&")X#H0AI(>O?4% MP34!B5`!]W$+0C"FZ?H1VWE#5F@`@@"A]XH0!!`%4P)[LM<#_\HW'])Q"3`# M!F`';"``($`!NH0"-;`!#O!9!]L2DL9H:#"'V0JN"T`(5"")S)>Q!]$=K'0B M$?((],4B<&$&!4!U`)"=)OL1+?\703-`"3=@KQG+)@Z`'%ZP'$`P`:'@`D^0 MLTJK$VN&/^>B`BY`BL-J%B>S.PN3`&X9'G%*?63;MTX1:<_C!A0P MFL+J/0LP3LVB+_PR`=%A`A8`!8-@!<19'IZW`8[JMYC+%%S0!I\3BH@P;4WD M*7K%5Q#@5X#5M7G[,PDP`<&@I9G[NDPAL'*3I[[(LR$#*GK`!6O@+'0[+:V5 M`)-K*U"@`RRP`2$)N\AK%`!@MCQ3C21@`TE+(PW0)@BD`,X1`NO4!E@P,!+T M!BX@!DG_FKP-88/H*KXV,:'#-@/O^+$X`@!^4``\<`!PP`5*0`,9$"$38`02 ML$$/%W'^:KX#\0!Y2`$84`-!"L`M<01W2BYY6@&.L%PV,F`XL`'D8SX5X%`& MT`$)$`3!.SPHIW(('!'?\0`MH(JLZ(HAO!(!5S`1L$,VP+Y:,;UN4@G[,@$J M$`*.ZT#C>4:"1FCWF<(,81Z1.`(H,`3@",-`?!`5-R[MF`([<+S#,0L&908' M,`0U(`4/H@!GH+_%J4/'F<2M!R)64(Q.LP9%!\8:<;.V@I`8H*%B,6!"H+N\ M"P)C(%,SD`!6P%7J]IUH',8CXH`FH)<4<`M/T,>0BBL1P`2._^``4&P5'N`` MF\`!32`G$Z`(.*R]W-M8@M9OEVK((JQO,<`&-,!+/5`'2(RYS&LE3?S$46$6 MAW!0!Z`'I9L!(Z``JM(^)B8!!O?%GFP1N!($3)=+FG6YOP3 M%^``4D550WO#7_"X#Y"Z)]9HQY;-&5$V%B`T1),$=C&SXANP]"P>JYS.,%%0 ML*PR&6`)"M`)7DMJGI9I^,P1G@-[H'DW''`$D%>XHKJ\(\+&;BP3P31,&]!2 M+Q53,S4VN7;-NSK1^?P\HN-V':``%/]0*4)IL@N)IXK,R"Y!'.1D3NC4`>K$ M3EK5;?8\SBZ].D$TG0I0!1@``7KPGA<`T+!:`PL,'@5-,GMA(#BP"$,``2BP MT,`C/"87T4E-$H4D`28P`7V@`$F%`FHJ!%@FI"8X'B"]$0205SOB!.5#!3*0 M&D1B`FUPU2[G"1_``2U]UA[13!C7!A7S`JS@UAP0SCT0O5-S!>)QSCP]$0AP M()&L'`K`"D(=`G>RO9"PA)OL;XI=$F9%C*8W-"($U0=@!B<@LY9](P/P'1*@ MOAIB$%2;%@C2._6;Q3JP*AW,?\:)U*NM$.@E`0NK"S(G`$E%`8Y!`HLA![MQ MV[^!=`WL"#;_D!C$!+=R2[<"8<]`!? M<`95X+H%`0"]P.9*TG&^('%J7A-VCC\:T`$?@`$@G!`YW>^[E MACX\@/`)-4!/K%<"[M3H=IT#WQN^B\[GEEXV`0`%(:``.]"G#%$%G1X>+>`* MP6"[F^X2IRXS'8<&5+`)I$D1T_/J9_-5_]OJ+?'J#A,$8Z`&!W#`$=&6IPX# MGS?7O)X3OIXK#Y`%<"[G&+$$C8Y[-[/L0-'LK2(!=U`!@C"B'-&99AX`BB"G M[(WM*J'MAB(!3(`!0U`&7$X0`]"E67XP2"`'BH[N(:'N2O(+)K`"TA;O"*&< M@*@!/R"V^EX4_!XB4'`'("`%."#P"E'F90B"ID`'YY[P+['PYE%Y&"`&F*<2 M`["J%A@`KO"M&H\4'/\=`?`WYTA[+]$#\?\7?ON:A2F_%"N_-)G``O<^$R)0 MZ787AY6@HC>/\^H>`6\P`L](ZB]!!JZGB(R8\47/Z9W^`+`RN/F.$6>`=9Z+ M`U(_]3?1Z!V'![1X`!+O$0-`V/#&B[4+]E-AYTBO])=W]B!1`F5MC3Q`]VX_ M$PI.4?^.]48A[O#6CNN[]U6&FO><_F M/Q:E%@%NT#\CL`.E'QC&#A#+!`XD6-#@080)%2YDV-#A0X,/PJ0`,X#918P9 M-6[DV-'C1Y`A18XD6=+D290I5:YDV=+ERX\09[EV_?M7\`.-;29T2$6HR1]%:\<\"+P8\@% M`R2P4V7!8LR9-6_F[#?RY[8!6G08,\(+%QYH.Z_FF&0.:-AM!_5A,<0B_VO< MN77OYGTQ]N^;+Q0TX7*#1]W>NP4]`-[\9A9$>B[835[=^G7L4IUO+]@E"!$5 MH1"ML:$Z>^X!F+BO7P@EA@PZY^7/IU_?(_O?$7S882(C#9)%+K-/-T(`P>]` M@;J8`!,2RJ!N0`@CE)`U!!]KHQ,9,!#AA@;\>'#"U>!HI,+U)`#BB!-N`W%% M%EN\B\2D`I#`@C!RV&*4-1Q0T<7=,H`1N`=F8`*"'7DT\D@D7?J1)BM^F$"! M"AXQ1(0BBDPRMRV6_"P`IACAX<,KPQ1SS(VT7(C+/O)P@80A'#@!`//(U(TY M,P'3X`PUZ))S3S[%U#*`!UH@PH@.MJA@%2K[//]O@SK=BF`*`S#P0%%**W41 MP0<2,*"/TEP(I(9%"(G34NLH:-0K']`@PS926W75/N/ MHH2>9==]=]XO\(6]ST,WEW?BQ<2A@6&*[TV/HH%3G777E9>^3Q-6^,`%)'2< M?C4,@+,=]^W#EW,@6X+XHH-+)CF@;/'54B"VX$5O?_XD%7([#QJ6.)Y@^JU: M&[+GM:Y_`[S20ZH'!!:\;#H$E`H.+,2&V^6.@1.,$$TDT`(&&.`#.[@!^RA( M_Q(7`"9^P_M@">NCE##H@`)K*($9RC``$IKP(L'Z2@"C)T,<3N@K0;K#!T;` M@2,X@'\Y-,,/N#(9"((OATN4$&`DX(,OA`<1.RB!!_NW`[8A16^..(#\F/A% M6,4F#BL80\1@@8,3^,&*O*/=3<*&.,6!48X0XHX&3#`!/H"@"G^HP?'")XD[ MU"0"/X";Y>9XR`$A*`!6:($)0@"(2XP"40T@W@$2,).JD:!OB.1D(D_%)>M1 MX0]<2(*NZ@"`&-JM>P[9PPS&ML9.QK(W4UM&'#2E`P&,8(].V(`#+B#!L[UO M(0`;P0Z8)DMDGI"6DK'"L[X0@Q=,H`(48$3V*)DV'_\H)&0C2V8WZ;/,FDC` M"$_"1`8PL`0NP.$`/=@5`%!Y,@=*I@7C*I4&I53X"#HE9,#%P(*@1J(`5*.,$)6E!# M1&5ZUN30E*96:%=;$Y!!`\15KG&-EP#L>E>\YE6O>\5K(>;ZUPF8P*WM@D(` M"#*%1(C,06AE;';4^MB/^4#_`1P0@@=2V5C,K@:RFUW2`XB`ARC@(+.C/0]G M38N?/0!"!H(X`#!)^UH*G5:VOY$`ZY(@*MCF]CJSY6U@'O`%.U`@":[5;7$U MVUOD=D4"K`!!('``2^-&=S/)I:Y1),`$LA2`N-+E[G2K^]V&Q"$,*W`!#K;; M7?1Z%[SK+<@4="`#5,CAO.FE;V;8>]\8@"!/=;AL??VKF?LF5P,68,`'G(#2 M_R9XE@&6;2,`\0$:B*`."J8P11D,62+`#0Z$2%Z%/9S6"X-SP`Q0@!1X\&$4 M[S;$1DO`';00X0FG6,;56;&_\JN&`T@"NC/FL;IJO*1&A*$#%*C!CGM\9/O^ M&$$2_WC!&*C`"?DB637&701"`(1CA#*T"!8"^G M><%@#HQH'AP%$IQ@OFJF\Y?9W!8-=(("3K@!(8Q<9T#[^,Y("4`C?O`"$$@A M/H%FM&,'#:X6:Z$)G/A)HRWMZ$=#Q`);B((R#O!"+E]:U.K-M$$"@`43*"(1 ME8#HJ%T]GU(3)"=-RL!$)P!R",(`TD@(-EY_UO$-&T#;ZF`;L)]&"#,G@1X`NO MX+`B(($$_$`19]#"))"0+89G_$A:RI0!<"E00\#"#+C6>,D#?B`"*V`$&<"5 M*;-MB`BZ@XC5C_G,^N86M,_"XO"A`!BDH80-%\#?0 MG4ZIH\2AW3JM0L0@,%0S%."4?WYZUX_4A0<\H.86@)810A"##DS`>M-D!`=J LX`",>UWN!DL#"E"0]`W@BQ`-^.7<_?YWP`=>\(,G?.$-?WC$)U[Q9PL(`#L_ ` end GRAPHIC 11 l34238al3423903.gif GRAPHIC begin 644 l34238al3423903.gif M1TE&.#EAR0!0`/<``/+R\NSL[-[>WNCHZ$U-3>3DY.+BXMO;VL3$Q-C8V.#@ MX%145::FIM#0T%%14=+2TFYN;BLK*X^.C]SF9F9N?FYM;6UK*RLH"`@+R\O)64E49& M1FMK:W-S,+"PLW,S)B8F(:&AKBXN&AH:):6EF!@8%Q<7(J*BOKZ^:*BHF1D9*BHJ$%! M0?KX^&QL;(2$A#8V-F)B8IZ>GJ2DI+JZNEY>7CT]/?CV]LC(R(B(B(R,C%A8 M6/3T\Y"0D%I:6O;U],#`P/CX]^SJZ?S\^^'AX3DY.?#N[NCGYO;V]>KJZ?3R M\7EY=34T]#/S_/Q\='1T;^_O]S;VO[^_O__ M_OW]_?S\_/[^_?KZ^OW\_/GY^>[N[OO[^_?W]_CX^/[]_?3T]/7U]?#P\/;V M]NKJZNOKZ__^_N_O[_O[^O'Q\?W]_/?V]IB8E^+BX?GX^)>7E_OZ^MK:V8R, MB_+R\8N+BX&!@5M;6_'P\.#@W\C'QZZNK;R\N\3$PX>'A_CW]B\O+^OKZI*1 MD3DX_7T]?'P\=75U>/CX^GJZ9F9F=#0S^[N[=[>W6%A8;:VM<'!P(N, MB\/#P]W=W+BXM_/S\^WM[86%A>CGYVAH9Y*2D<"_P)&1D8"`?ZFIJ6=G9^[M M[GM[>^OJZMG9V?'Q\')R<5E963P\/$-#0\'!P<[.S?7U]).3D_7T\_#O[N_N M[^_N[LG)R;FYN9^?GZRKJ[>WMWY]?GU]?:2DHW5U==_=WGI____R'Y!```````+`````#)`%````C_`/\)'$BPH,&# M"!,J7,BPH<.'$"-*G$BQHL6+&#-JW,BQH\>/($,.M(-'CLB3*%.JG%AHIK`.+%PZE4"OFL?5!PX)S MOZ8-2!I58H`-E6!T'?M07`H'$$Y(('+A1CRR$'T0DY`&KEV##XL<$M("`@Z./9;I\1 M)_IQ*]"98((@0`*U+FT(&@I_MDK#W3/"&Q%\S/`<1)3+V`@^NO_MR9>"R(0[ MR<>NT='#D4(\<1Q\,UQ:CJTBQN`(_XH^5AD$L0O7T/,QH#2=(^OJZ2,_=EV' M='L8JK%'R91G._],T\L/C-`'51WW(/'"&@VI48T*"I3V!@TVF""$1P"&\0D? M/1F($!T!L#-)*7G,H5\')?CWV"P:0,"`'A_-T- M"JT!`7N'R<%'$3]D(,!'==`2!`H2>(%C0G^8L\$V@#A$AP!5U`#C78"T04`2 M(S`YB#A*7%`#1''HX@4($ M&I32YD&T5*`"&Q`-L,X";LPVE@$5?.&%H!TID@X!4"B1RRB+&O1"$OYPVI`' MO<20'UD`CO^A#2L5[&$'D!M10`,K!$BP1IV+*F"/!-U`]$<[#HAC*51SS+`" M!"`PB*M&;^SP0P\$),!FJ0.U0\DWI#TT@2Y8*`#L1HB\<8RJ#B40V@=R>(&` M.-_DT$E&>N`2@SY/3$(GMP+)0<@O0\0"T1[3@,#.(2$!8(X]*LQRKD(X])." M"0ADT($^*201#$9R.#$,"+^DD,#$.-[!`P28/`+1)Y%`\$%(@DCQBPOUH($R M0I!4XP`00(.@S#`+O'`1'LY`0$D**?@#,$&`7'/"DA"Q0(\&60CW$0(0N/!% M!N%&E$`15]000!U[-+%`#1<%4D$](/1`119/"W2'%T1`$C9#>,S_H\(P3H0$ M1PA+I$#`&LLV)`?:=9B$"0@IT$*1'',DD\,"DQ"@BRAU"Q3`-[\0LG-!A5B0 M9'MVZF&*(GX\5$0%*DJP```4]X<&`*$=)Q!:_RQ"!UIL``0S MJP@BUK$!&V!!&6:`WS\4(0,(M,`1`J!H8H0%[&\@< M4&B&58S!(',XQ"Y`H`\;2$"#`=,$)6J@@E^4:2%OH,(MO+"'FS!D6@K10S1Z M(`$"^`-Q&+'")A8P#43<"I.':,,U*E$"B''N18D%D\XP?ZR``FG$F0 M/[2!'IQ@13%;!_]*-?@``L&HPA6HEI!I;(`=YAK=1.+!"2+\``@FB"1%!L"- M%*Q`(;00QQ>D$8\HWF$$$CCH,&I@B&\"K!3NJ(8!4&"-#"9D#1O8@`FRYY$[ M5*`**/C!"0Z!0HO@P0D;N(8J%"()3%QC#8(,6/P@P01Z<(,5&3C`&9^IB2`X M8@)&D((5I)@'&/2C"./QR)8(X`)C:(">&.'"#E)`CH78H1&,R$(B!B(<0OC& M'3!80@Z$H%"7+&X/ASA$'O*PA[XBA!?*8,$'',`(=A+D#OD@P!`8]!%`J,`% M+F#')392`21L8QX1F>0_[*`,(DC@#`28AAX8.99.J"$>JXC%`U)A@+#_2L0. MV\C`!VKQBR\9Q`YF0`L4'S`$6ABV(0%8AR<\(8$#)&XBI:B'+C;KIGDL0PBW MZM`<$B'($Q"C`FQ01FSH8%*4T$$/I>"`%AA0"QH`@1@$N,`Y%N"`2A##!G64 M2"`DH%M6#&%/!*'-`"! M.?Y($#58HP,BF"LB.)`/Z$QR%BT``@,2P`,@U"`/E%.)'!0Q@G1L@Q/ZZ$<( M"`,""<``'^2P``6.@0`//``''Y"!#"22CR2@@@7G>`.')6F*)@!A'8J8AS]Z M$(0H4L0.5M!$"CRQ`'.X$",`,`$!O@$,@YQI_P%5*(`<3/$"))Q@@'LP!2^> MD(%XR*"AMFA<2.8PCT$DP`,L8(`W.J""#52C`U.``0F@@8,'"*``8P@`,T:1 M!3[@X0]Z",3[(B(.=B@C&D0`P+)F\0V%K388)8``!Q!A#@%6AO(YT+@B5JH(0$5P((+;F"(/(Q@&[V8A"AFP8`4 MH.(?_.1('O1@``QXP`+1>$4'JK&#(+A#![PP02B"T8SH>>0$G-@!.]QQ$#P\ M0P,Q.,`_;)H"4'P"&C\H@IP+70`.91*]IAB%25Q9AS^800SYV$`QH+`!56M$ M#9E`00-L*Q!"?*,7+O^XP!MR$(0(N\`;@\B'!(`P#$)L:1(;N&9&_-`'20S" M"V<(Q31@X(X8$"$$]-B`(SR@@$;T%"6%Z``G;$`$6!R$&=>```\$4@!64`,! MLE!"!"K`FD'HH!IG:$0="%$#*"6`#G003AWN0`M,[``9_5"""WK!H)*`[!@A MN$9!Y'"':$08!4R`Q`)0@`(H&$,$;P@!`:A@&#G`X!<,L$@:T78',L3A`Q6@ MP0500(`G$,P,`?5`C!.WD@?YT`L$ MD`%`$`&>8`00D`"Z0`#H\`-04`VA\`=3]`\Y\`2Z8`D/H0AA\`#04`$E@`1` ML`"50`,M0`YM8``#$`"!(`BM!!4V=0$7H`N4-1"S(`-/``,&0`=^H`80,(1# MD@$H\`$2L`00X`B5$`'&``';\`+$$`'Q=0$_P`GQ_U4,QW=\!&`!0W5<"\$! M,2!__T`Y`T`"&Y`"<.`%CM`#&P`/^2`&4P`%7P`$VX`!>V(BV1`.U,!]!F$) M`W``4O`-,+`#[W`#-+`!27`"%=`$%I`+;=`-@Z`(EK@2?7`-2E`%%A`]?/`& MM3`,W4`:G_,%+L`*+_`!,5`,NE`)-A!O4&`$&S`-IL`&54`$3&`#Q@`%**`! M,$`%TH8"%[`-"A!N&8$*1'`"%_((;0`#,1`#3M`%`"&O```78`J/_P!!LF$`>@`5_0"ZTP``C@`&E">VN``/)0"P\` M"'>C`W`@`DGP!5"0`O&0!P;`!$!P@6;@6!@!`D#`!%LP`%I0`OH@`9@0,-,R M")"`#2Y3)_,`!\'#"BD``729`KV@#R99#1J@"_C``CE@`%M%'WB0!L5@#"R0 M)0.!!MK`#Y\T$`)P`C8`17L`"\10#!`P`GMP!VK@`0"`!WX`6`+A"QV``M=0 M('[0!5ZP`BH`21Y!"4`@`0_```3@`/AP"A=!")MP`@^T`930`@SP`6]@"QQ2 M*G8@#`00!)`P50)Q`O2P"`PC18;P!IC`E0:1!3*`"3TT$+0`#J?D$1^P!%YC M!"?_X`4N\TP=00<38`N=H)SJ`0@&F`2L::$< MBA%W``FZ``'9,&P=6J(340=>P`N]@`D59J(NNA"^4`$_X#0O6J,.@0=KL0CT M::,\6A!X``J]X`UAT*-$2A`_L@?K`%60X'=%6J08N@1!4`J"5%Y-VJ&"D`^3 M0`1LH'I5ZJ*)T0(.D`-T`E,``(P,`AVZJ)S$`` GRAPHIC 12 l34238al3423904.gif GRAPHIC begin 644 l34238al3423904.gif M1TE&.#EA=P`E`/<``/'Q\5Y>7O;V]C8V-B\O+_CX^.OKZST]/>3DY$-#0Y24 ME/KZ^OS\_,G)R5%14:ZNKC(R,DQ,3-+2TNWM[8^/C]O;VX*"@M?7US\_/RTM M+65E9:&AH:6EI;>WMSHZ.F=G9_/S\UI:6C$Q,:JJJGEY>7U]?>CHZ%M;6U55 M58V-C2PL+,/#PV%A8=[>WHN+BUA86+.SL]#0T"LK*YB8F)^?G\[.SCL[.W!P M<)V=G34U->KJZH:&ALS,S)J:FMW=W6EI:9*2DF-C8[R\O#7ESP\/'9V M=DA(2.;FYM_?WW)RGI.3DTY.3N_O[X.#@U!0 M4-75U?GY^4]/3\O+RU=75[Z^OGQ\?$='1T9&1I:6EH>'A^[N[K&QL71T='5U M=4%!07-S#@X+:VMMC8V&YN;N/CXX"`@*^OKTE)2>?GY\;&QJ"@H,C(R-G9 MV6IJ:L'!P4U-3?3T]%]?7]34U%Q<7(F)B6QL;%145**BHM'1T7M[>ZVMK8Z. MCH6%A965E2DI*?___P`````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M```````````````````````````````````````````````````````````` M`````````````````````"'Y!```````+`````!W`"4```C_`&<)'$BPH,&# M"!,J7,BPH<.'$"-*G$BQHL`%`BQJW,A18RL8'0<60+(@9$@`22I4F/`0A((' M!AET&%+(Y"PGH6K8W%C!`HH($?X`<+BD2"J#+<*$:6%R0BD5/79:W!`A@X82 M&-C$:(@@CXRM!`LH(`"D9$(P%&!!%I"" M,@^(X&"RQ0DZ6CJS_:T0@`L1%#(*_]P`P0@4AH,=L"0H`86L&^L[CF!BI(`2 MW]P/]AB@P?2L*1@XT`!#!@0``1^7:5#8@"&9X@!@LVAW%B"RN&`60S[(`N!$A!\CR0F`,%8`#$V,4-PL" M8PRP@9@*"=*;$P7UX`",+I`2$@A&0*+&0`$DP&!%#)218@0&.+1%84(()(8+ M`T3%$`('[$40"#"<@L8++`0:4E%RX)CGGA2M<`4!2E`16@*%@2$0!1#LP!46 M6EHQ$`!$1/\@05%!=M25#%R.Z8">%CGA@"QK6+H<;:7.\L```32V$``[$#`` M!Q>F<(0G`)1@B(D;N2%"30-5$$$``DT`@B0/F=`!J2+4\1`#2T#RIBP@4(8K9!0F0P9_G7%"`&?.(D`26#;-0P&!/"##(R>(\J"5#@'_<,`C%/[E MAD,/>+;A+'3J,8)`/'2Q>$A9L""+"%>HD,`'+LSP@2P[6&%&AQ2X5U@":TB@ MP!D$E-")&7.X^!!:LC3!ABP>/(&C0BN0^E`I$>IQ2$@B3,@@&1 M2($*NE`K3)"A"]1["`":\R>!S8(*<=$`#T`P$"IH@`"Q^,$!+@`I/1!'(#K` MP`UTH)%5*$($&<```42`@PL11($$X8(L_R)P)![X04.?(,AC(@.1-TP,#ZPP M2&?D)I`">8`".+`!!V`U!.`-9`?8L8@7,H$(66`!#33H@P,^AB02R()3C6"5 M!C9P!!F0(`E'0\T!:`@1M?P%6K+A8&%L((%93*`.!'@#`)H@I10,(`5HDL`1 MOH"FB"S`"0D80!H*90D6V,!5!T%`9Q#8`,]X8'`%H0$!:H6X%C@P(1OPC!P* ML@`.$'`(0Y`%"0!@@!+(P@)F(`(39C`)$92`CVZC0`(0J$$:#"!1C0$`"XIP MB(2(4A8&*9PL'-"!XLTB!"\`I0$>L`8\@`0A$PB"9T8V$!-L+@")<(T0#$`" M&Y1``(QH`P8^8/_,^,SB7-29"`"VT`<,V*$1LP#`&Q[),H1<4XJR(`-8#'*` M"-#@`6!@`?UH4,F"2$T6*3!(`82@``34H`U&\$&92&"`#:)-%AI`ID`<4+Z) M_``"+[`4%6`T`F\2Y)H>3,$=#H:0!LCA"$UHG@ GRAPHIC 13 l34238al3423701.gif GRAPHIC begin 644 l34238al3423701.gif M1TE&.#EAV0!?`.8``.WM[61B8^GIZ6UK:][=W7QZ>^;EY5124\;&QEQ:6]75 MU=K9V?'P\?S\_$U*2[JXN>+BXM+1T?GY^3T[.T5"0_CX^'5RF MIE]=75!-3B@E)LC&QX>&AHR*BWAV=W]]?H^.CJ">GV]M;C6EDI'2*&@H-/3TZRKJX2"@[.RLK^^OF)?8/[^_OCW^.SKZ_+Q\7%O M<-C7USHW.#,P,<3#P[R[NRLG*./CXYF7F(F'A["OK[2SM,?'QVEG:+BWMY"/ MC]S;W(V+C(6#A,S+R]_?WU)04/+R\??X^/?W]UI76$)`0:2CH^3CY'EW>-#/ MS_+Q\G5S<[V\O-'0T,"_O^_O[X%_?^SL[.'AX:BGIR(?(/___R'Y!``````` M+`````#9`%\```?_@'^"@X2%AH>(B8J+C(V.CXX-?7F0CU(+#UT\@VT,>5QE2R%@ M13%-,E`Y1S.XUT-"(@9_##K7X.%^.A0#0"<0M>KK[.VS*>*X'!NF23EN^&HY M%B9H%_'AM@1(4880`H#Q9IAR8",&`BKN(DJ_GT!T=J+G%A@D$``HM0(CC!-#HX,,G^G#E-04';@84 MB"$B!!_GA42$VR`F11KQ^/,;S/A7,*0"N.A`0PQS[*;?@>(-$`X1>H#0000& MM)$(`PXX8`9'"&8H7@,;M*:#0DH21G88HAG=+<'YP(`8<$1B8XHS0 M&7'1$"B9P80"QM'H(W@FU"%D'36TP(()7X10AO]D/S;IY)-0HE8!`P)P44R4 M6$8'X!4W$)#EE[VA,`$'"X!)"'R"R&@F(16H.4L??A"QYB!BJ/'-%=]<,\-` M4\SYAQ!'M*B##F$DT@$)BXCAAQE^#E+"-0Z00$(21'WAIP=87*,$(@W8L(&; M@T@P@PYB-?K''= M;APB@!%R#%D'&6@,,H4132@K[0\NE+``J(9`D((,GXURP1L'I*1$6X(HX86T MR@HQ*R$H7',$(CS@X@:VT]U@2!0[]``%!5C,,`01-B!AQ2$KF-`"NG7($4,( M5PYRQQLV((SN``,(`H#_"7HH>X:]A,`!A+(U(%'0'[\&*T@;.%QS(B$-`&`C M+FK$T:,@>:`1F@YNV&##`B$N,!K M(27ATH(A:("#J"&/_E!(&-\X,/(@>51QS1M>&E('+A8,\H6M?CA@H!X%-/S' M__5'$T*%'HP38@,NZ1^B*RX##](Y(29<0ZXAUZB`B`7R'F)`WWZ@PC0!5Q7B/?9 M1'R"(%_V!J&$:Q1*$`6P'BYF8`@Y%*(VN4@$$W@GOU05XF6_$QTN]'<(_OGA M=(;8`Q2N089"_``7"<#6(-QP/T$XT`\0C`*:_D`$>8B/0T2XP35@4`@#^`$+ M,VM`H/R``$4H"A=0D*$?5CB(GNE!$>2C82&J2+[V&6*'#R3$_`;Q1#\T*Q'Y MVU__$)&&PPUA;((((2ZRP(@0#-"*/%P$<'#Q`$*<(/]S'XB<&@H!!S]H@!"; MO`("$3$%N?GA>2G$7B%H@(L8X'&&C.BC#C-),A\.0@!=E,$J#Y'((BX27M?H MPB!:((\UQ.**$$Q$&E@3`$*HP9!_<"`',C"(!L0.DH*(7#47@4,_I*`0*IPE M_&Y9OD7H$A&`Q*(@?2F(,P10BH(HIB&,B,1#S.$:8AA$[&PB"V@28@W5,\0U M_;"%D9B1`G69`FN":`4_7($09L2%\A8!#UP$,99S+`1-ML9./;+3CX6()P1_ M)005J*`/M+0!/O,Y1$4>41%ML.`@%E?0:Z@!'VXXP`58@(C/X8*;?RB"'THP MB`0$Z$J[,P((KP$$1B"`->__(D0Z!R'&(U"NI+D,D,3JL%!Y]A`@)%V$/@O! MST6$)@F#N`9*!V&`,(2!`!"`0`;"T*=!7#$)KQD"+LYYB!%P3YD-N`('("(( M.UP#"7^00`(62P@57.-XBE``3[6*BXH)H@,;R,%]W(E+TK)HI=3<')H"!1?R0A*\E(H_CG>L@5#I/7)CL#]-I4?R$Z`<'&%A,9*-"@D MQ#4ZV4!>+B(*8?L&9@G1!'!XMA!#N?$B7("+#:!PJW\`0&CZ>0@0FU;$@B#Q M6?VP*4(\@#4'0!O^9&N(#3.:98&FL<5HB0L68&O..[;S'YAT"#C-<&6$R``X M3BP_1U:Q$`L-@ARK0(AA"4^*Y-,!(Q240WCR$E6X,$$A&O^@AVO88(O7T/4A MJM;=0V``9K#^PW1G6`06TYD0!/;R'PPPP4.T"Q?W-40#%GH$_QB"F;@H`);! M`)<<7')\4"R$#ZXA@BWC@A'K*_8AX@G+YM92W6'S0P#4M`(F(B+%0W!3`[KP M#0ID.Y*KXP$):>J';R?X&I0D!!,VBHA`<0#*B/BD'[)[B`]LV`\UJ$HA%-"A M),3Y3]PM!!4PYP1$$-L/6!Y$H(6-B!A<`YQ_Z.@<=RL!`.:`@8+8`4`/P2%( MC6`*#)B"%33P#QT40(H"*.L6"I`!K.?!A!X7A!RN@04?N+0/8M@"&1-1OP0$ M70*VTH(B&J`!ULR@!VF0@`32\`/_N(3O$!(@M0[@LX?(Z:#T,%7%0&!'AP.'#IH09D'808WL,8/ MBMD!(3S@`NY-H`JCA8,-KH\6J1K""RG&11*JT.U!(*`*S]_``%Y`!6&<=PI< MX,(6&X#__`N@`5Q@`.>5##+C+`)H7@:P`'ME5PH`=8_0``2`!QC`!$PP!F$0 M!VZ2!W$``.<%`/G'!0J@`,27"!BP<8:P`B'P"!^@``]`@0]P!S?W2QMX7OG' M:J%B`!^X_QL,P`4(58F(58"`"0U0@`4`?+]P=ED';PDH13A@1(I@A+@"YDB`A.@`,. M$``AMPAQ@##NE@A?:(:"H`=M>`@/@"YWF`A!X'$?\`*-$`+H8HB,T``Q0`,Y M(`,R]P=<\&F(P`5^,`"K%`9-Q`@RT`>QE@"-\`!J\`"D2(K3=PA&@`-9L`!: MX`;'APA44(IJ\`6DR%B*8(F5MBI^L(F,0`8D4(JUV`@V<`27QP"05@@H0(HQ MX`:DF(*+T``!P`,98`4B<`0C,XF.P`5#D`0C,`B:V`AA(`0&$O\#>Y8(#_!1 MCN`!%[`R!#`$NY4(-G!KB<`%!P`%XD,"#L"+BT`&?;@(-H`#=3`(Q@@)81"0 MCF`%RS4(?=`$@H"-C3`3:?`&C/6-C4`#*X8#+[0(Y_@*4X`%PX0!06<(\?@( M7&`!4/!M`D`#3*"/BL"/L&`#>$`$2R`(`_D(!?D((W!;@O`!SNB0C#`3?_`# MQT.1C'`&71@'"Q>*4(!>,2B2>B``[PAP\EB)%B`"0C`(05``*^D(9/`%Z!62 MZA,&"G`!QE&3CG"3Z;@!)6"+@^"3BP"4#7``>D>4BY`%H/@'J^`(#[`%L#$! M-M0('D`&0V`V`]"4AS"2V6@!#.`&5P+_!6&PE8U`!H4#&R@'<(7R`E5EEN!H MD-DH`QNP!13@!;OAEK>8/EI``U)`ES@5`-Q``<*ED>A8"2NP`&;@`&"I/E-Y M""7Y!QJ`*`H@!!(`F;W8CXI@`X52`100!IK)"&@)"2V3`6)P/*0YC^G#;"R@ MFHJ`!&80!VX0E8:PD96P!Q[6`!-PBHB`F`^9/0MP!%%0`TPEG/M(G/#X0@\0 M`'QPC(?0G#_)E@PP`\8QG978/E,P!"7`DHI@!41``IL7BK')G-7604CGC[EI M"+OY!P.`!A,`$?#9DO)YGADI`TV`GX:@GQRU9Q*P`6(!H+KI1ZUEH(J0`QO` MEK#Y"@T@%W71_P`E$'&/@)X_N4)A,`-=N*&)X)*O8)R#$`=$(*++PYF,``!; M(&`24`4,*8F4N**`YJ*)4`)5B@B71@JCT(6+L`8U@`5)<`$V<'G".*&%4*'0 MZ!]"B@ADP#9>NF+%F9%_X`1*2@@DN@@+H`830`18P`*W^2,>>'%:Z`A58IB' MNJB,VJB.^JB0&JF2.JF46JF6>JF8FJF:NJF^JF@&JJB.JJD6JJF>JHT M(@"0(=`$(F),`:V)``V M,(*#0`*Y*`@1<`:\B@B7P3(M(*N)T"FB5PA5X&&)$`8_$P,)8'&(Y_\&JK($ M1""LBB`!`S!:"'!'CQ`%2(`%/1`#21!'?S`"9S!3D"``5=`6/?!GB%`$.:"H M?U``,90&=2"C,.2,@T` H(;U"9?Q`&$Q!-B4`%=4"MW>`'@8@!+$D%"2`& M=2$`#F!+?R``Q#<3W&`$`8!`>_`>W60`[L9?88A<:>"`XW8$L)H%,^`E/+`N MC>,!D@&`>E@!*"`A:0(!`K`$9,!<0S`(*4$%?(`M!>"O<8"F#$``#9``#M8( M*X"U0J"(5,<'D=@`.H!TL=<2!@`X>X"UQL('!H`$"Z``.M`&?.!,@B`#8"L( M3F!H@T"*#?`#&S`#!R`A(="TX\.0[OHA2<#_$1\@!I\9`!7@!==PE0[@!"S@ M62NP`2&PGD/``2XFAD,@7E*0`0+P?!H``)?H!R1@`&HP*IM(`@EP`3I`!%L! M`&4Z"G!S#5N3`P>@`QP@CH>0`(Q"`/2Q!1S`,5VP`1=``U"04$T@8840`Q3``!5P`+\*`B1U`'#P M!V`P`WO0``7`*T(0`"N`*3BF!"35<`20`0X`$3X@!@)``;:T!!\P<590(4 M>`5KZ0`<`\-_,`&X,@5%'``DNP`7,#85A*:"(`4`' MQ2`'/(`!;^`*`[#0]BP(",!D9<`!$A(&&Q`%7W``-SH#A6(!HO8'>P`U?\`" M5_D'#*NW=7`*`-`&!\!4VLL"!4`!$%`!.E`F'Z#_!KA2!#B@)F>@!B-1!PG0 MT0/C`6^`8\A,TS`7JG;0EI`$P%!F\@".2Z!W$P`9H0!`R$!4@E!QM% M!HN\`EQ@(%J@2E$P!-W8`#CPP%=P7-Z$*$]P`=O\K7KG`3G@O`Z@:UG,*R.P M`<=A!G+B!`'[!PHD&%<@RH*0`1Q0#`D`JS*PT`50$%.P`5E0!D/`$5"@!UX0 M`_B#%&\@!/4Y2E/0_\(FT``UD%U&]Y?^8`0G<`72)@A!H`-ZP`0^L`$] M]P0S<`,A(`5^4#T>,`-_D0,VI`'TB@2\0G,:T!Z[L0%>8"]N<-(T\,`N8-9^ MM;ZPJ@0%<`2G,P:[ M_IH'03`R)N`E6C!W@J`%W&0`-!8'7`&+J`%'_0'$2`&0H`"\/4`/F"T59R"5$`&$@(`,"`94A![`W#1=^") M=I`$)L`#:K`!`A`!L#H'1.0!)/`#"4@&K3HG'\`!?17>4V@#()`F6X!@6%@` 7#N`%!4`$)!N%3$`!!<#Q-B"P@Q`(`#L_ ` end GRAPHIC 14 l34238al3423702.gif GRAPHIC begin 644 l34238al3423702.gif M1TE&.#EAT`+;`.8``.GIZI23DZ2BHUA65_W]_8V+B]35U=C9VK2SL]S=WH.! M@M#1TLS-SOKZ^OCX^/'P\?;V]LC*S/3T],;(RL;%QLK,SG5S<\G(R7QZ>_+R M\KJXN=?8V9Z=G'BX^[N[]K< MW>7FY]76V+V\O*ZMKN3DY:JIJ=_@X=[?X.?HZ=W>W]G:V^3FYJRJJYJ9F4I' M2.KKZ^KL[.#BXN;GZ.+DY.WN[H>%A>+CY.WM[:>FIN#AXN3EYF]M;IR;FX!^ M?F=E9>_O[\C&Q[^^OEY<7'=U=I>6EJ&@H*">GSPY.L?'QZRKJU)/4&)?8'IX M>&IG:/[^_O?X^/7V]O/T]/'R\N_P\/'Q\=S;W//S\Y"/C_GZ^MC7U_CW^+N[ MN]#/S\3#P^OJZIF7F.#?WXF'B/+Q\;BWM\O*RK"OL/GY^?+R\>;EY??W]_7U M]?O[^W%O<+R[O-/2TL"_O]'0T/#O\./CX^3CY,W,S,7'R?___R'Y!``````` M+`````#0`ML```?_@'^"@X2%AH>(B8J+C(V.CY"1DI.4E9:7F)F:FYR=GI^@ MB71R73@I0C`H!S\0"1&O?K&RL[2UMK>U$Z\1';T+OR4&*AL'*"@P,"8_``!= M&0X$H=+3U-76U]C9VMO-`B0\,(@#,M8'+%4)R5LJ<2;/FO`X+#*`P`>"!!&@=@PH=2K2HT:-&";S) M\N4$CATM7B0X8`!$!WTV<7T0@F1B(0!9PXH=VV]"A0\E-J!XT2(&D"Y9_QJ\ M1$JWKMV[>/-^^SBG"Q!T0@Z`4$EV98<$$!8E*,RXL>-:'S:8V#&B"P0Z>C-K MWLRYL\8KH[X@P1'CQPL4&TY6D/=X9H09,>0XZM"ZMNW&$QB`V)#`A-LO0#T+ M'TZ\^/`K82!TZ0$XP8RJ*6^'C5`BQ9>YC2!(W\Z=+*\2!UX,J2S'J_'SZ-.K MKT8@RX@A,&:HL$JX>V,4)\P_@F&_OW^Q%>PFPP[732($`'/HM]Z"##8HU!5+ M=3%"#%')1]]_M560``X-6`("AB"&.-,$'>BTS`-R8(?(+!_(@`1F#L8HXXS3 MT`%!!CB8,,.%(G(7`0H0J$@)`3T6:>1*#)3P`_\2#@AY2P0&#-A%:>65 M?RBEQ6@IF."<`1^L=F1_)9BPA8*5(#'FFFSB0J(*":0`Q#\?P##"%VABJ>>> M=8VR!7-#R%`"5FV"R,`+]WCR0Z&,-II5!RK`$$,7#O!IZ:7?7-'`'`],^(,, MSRT@IJ,B1K#!#E@(N0D!)9#JZJO_O`G##ERDBNFMN%[RT99/"3'52?7!6F29 M&:C:R1?!"JOLLO-\$%X/,.8J;:YT=+'#:1OPR&R;*@#1H34M;"ONN+.4F,`0 M.'SQ[;3LIN=G#Q2>-E\'K)%;J*D[R);-!O;VVV\$"VSP`@!OM&NP75?,`80Z M\H7IK[(3P-!5-\D^;/'_MA'L!D,*(VA1\,$@W:#P]=E$+X#"$`!P(8%<5%_)%QH\T4WN-X@O-`% MV12=/"8``"#`BT@%W-P$4)*HN:IJA#G=HDUWT8B"_6$`P#$#$86S@ MB$A,HA*7F$0B.A$$0``/!<<`&?0@?4+1W1;'2,8=,B`! M74A$N,HX,WH@08-((0`+V4C'.C+M-:B"8Y8(94=RA6UBF^E"'P=)2)69*@42 MT.,@8E9(9O$M!B_CS!`:2YPAQ;2`!RI1$ MX,CI'=A$LD$Q8:<\"TF/':23$@2<9UA`T()[$@<'^@PH&>F1@F)=8P0"E8FI M`!#-*RTFH87Y#K\@NK(#I"!!VA`"1?NQ@!=DP)_HJ=Y&5Q(@J`F!!CC@PAS> M\)*1P@H$`,C"-_KGTEE4(%^8BF=-:<&`#3@0"5J`VR)V6J@6N8PB=!C:2#L@ M!&#>R@0CS1AO6M"V+(#T#T3_/1)U8(B12;KT1PW-5:OF^28=#.^JB?N16BY@<3,/[24(A*#>^!X"N]>K@`%FM04J<6:_ MMZC._]2,\P%;1D`(ES4P3)XW@3IQH;K"@7`L/H`"`N77*`V@Y5:ZL-[5>>YR MD!+"?4]<%//V-`493L\)2&FJ+6C8$?-%F[-0%2/`,D`%/^@!>1=DMDK*59L_ M7D08E@8E&```3U7:*76$<`;@5DF.C33:#I8<943LN&F1PH$66IR>C5YX!%[6 MDR`):0`!ECD2T^Q7?7N08RP%M`(JD#'Q,,5--FIW"(FY\R3&RBQ`"P%GTV+G M:X[*+KB6L0,M^*^B'R%#84%I!&2^579)/`0D.-A@LB0C"/:`M$U3(H>.@M(+ M1C#HD`TS8PD``(UG)$P=_N@+KLZ$<-O481D`@9"RCLTU+&^T52`&Y8:Y)IKLF`^X7.@K$ARD9""GTB+=$7D^&PA^T-VG M=V*=8J%.DG=N8*8%"."@M/JBO\:R1(O]$_D,2P4.$`.N1_EA&0M/"DXP\+-7 MPJY$`X$)#&IW4""T)FKC=]^'NJW_)"$N!CVH^^`OP5A#HN`,FEZ\)C2Z$NV* M+>B2'[FK/C"#%.#@&?7.?"-X0+,9?%3TH"``3?G!U+"CGO!&(A$(#B`#=#T` M`FY_O2!H^R^V8U[WEWC`70.R@12D$OB-R'>`+$K:WR/_$UI(;J-`,(+<(_^S MM6``#%+^_.2C%BT'Z$T,?&@OW*EL1>?_',RKQ`0D`;`4(";2@"P.A?^'70#MP!CW0!7,0 M'`LX%!U7*$:#8QE8;4OQ!71S96\`!/#V@8:P$`V!!%L@`5@@5"AH%V_@*F$# M3C&8"*`A_P=:P`5_D0*FH0I5<14=!@,:=X-&&",%5R@5@&A&""%(``#J@`+M M@!+2]P$,=818*",RT"8("&6Z)PX2P(/SLS7-DQ78U`+`G^-XK>L'KV$8C6)R,$ M$`9]`004D@IEV"@UN(I&6`'R-VVFZ!%XZ'$;H%B.XR>"N[,AH[(`0R0!6BTHO+HB1\)_^-F8`+"L9< M74"`Y%@-A89:&Q`#?68E!'`C@"(OLZ,R751]Z\@)QF0`&^)\^[@)^6`;`62+ M23$'(U"'\O&-G\,`0^!L`5F.-!%>/>%7$B!<<97W.""YQEFEOAI#;[& M``MT##^0`@WQ$!`0!@%Z'@U`(L;F`"0S@EHSGSC9H"RR=X\9H2992#4S`S+0 M`AB*`Q6H!>;3_P`=RA$<)*(2\#[QTQ!"X%C'B*)C@8M5QZ*FE5W:@Q,%,0S% M<`S)\`,RF@(/!``C``1`4($B)$$@!$)9@`5@&J9B.J9D&J8?U*42D`%;B@18 M"@0XP`PQD`(ID`ZF@0S&<``;H`(&D$(=D!)>9+%ETB[=Z*$ZJ`H4%R(^ER;*BR8A%^&D)&A6A/+ M=9^?VA&G&FLJ,`3'APB+V:H(U#):N:KZ1:MKPC<%NDJZV@_9M**X>@V_VB.' MU&J,<%W%6@N3QI[#FJO+ZH@;X*F2D(3+ZD+V]*QT$:W"LD'!FA%JO>@&P-<$`N62+%[=?';`#_:JP1,&P=#D#!!*OC&!M$LL5 M'&NQ%H&Q_+``.KD-U,A;KP&1(JL9)#L/-M-9W8!]@&6-.=JRL?FRN`@`(6L) M@[I31@,`.'L>`&MYD%@1J;93N#@V0XL>W-IPKH<1Z`91?WFD34L MVB4#.)"&=-%>[+059HNW#<);@G4&-^L)7MO_37SC8X1+(UGE+"E`DIPQFL5T M*-?XN`[B4CV59*J!GK64<8E+NALQ3QUP`#QP`G?K M&8Q&2Z?$FZZ;9=:$33L0M0W2::54`E>TNYA23!G#7-I6)7/622[4`H%IO)=B M2X"&`RQK)7O0217P`@0KO4762=118A^&*P3PLWU4G*+HO=)"29#R`H[++LA% M2*_!!>IK,';4`4!Y97%K*2G01W4"O/6[OF-47/(H#230& M,`)LC,EB91`(\3TJ^!9?``$X*J^994@;```AA\JXO#.S.BX?H`-?G,O`S"=& M.2Z(-6;!?,PZPY7+@KZGC,S.;!QS^RH,P)W/7,WMXE7"DCF*;,W:S/`-T1254DX:RJ`7UVC2.V_1LBFT7&!]UW?N!"\O?++&J^/@*]#RUZ#5M75"[TIC`A8&+\IS3R!=1(#`#RZ`N%SD'%6P3-K-F1.U^WQ<>,8`BS2QZ M@#L6E/$%MO)Z4NS_#U!R48!]A.*B-D-P!EQ@ M?H.WN/R@=V_=V('],%J\`3+@&Y61,Q4WT.;X>*&LV:AW-B4EGE3U%ED0!E?- MO$]B`#M@M:AMA-;#"Z,CGLO08'%#R7XP5[Z@N7C`.>W)W"E M(78YW,3MO+RP``5Q$`FQ##@@01A('%>P`/D2V]*MTY*VI`I4$,)P1,8`I3`@ M!#_PWE,JIQC*#/1=W_9]W_4MWW)*IS]@`B^`#/9C#$A$1.Z0/X5C9=<[WI'X MLJV1SG^MX%G(X(5A10\^%`#@!9RPS1:11HYP`F<`"2-P`H/`X15!`,J("!F0 MV:%`!P]`#6,@`9[@-YCP_P8PGAD2'A8E``.W+!0V<`&1``!$$`"#H`!10`@U M<`21P`$M;@@&$`(AP`:#\`8*D`:'(`5+(`)Q(`AV0`5,\`*"0`$B(`(,(`AQ M4`4B\`3_-0:#X`&-0`!@8`4B4`!P4``#,`!0,`!,(`%L/@@0``8B<`0<$`U[ M'@E@(`6)8`%U7N<&``D/P`&)P`%[@`U@4.=+H`")P0&+/@A[``:,P`8F(`A2 M0.5_X`,)L`@U'@6&;@@*,`6)C@>1H`"98``UX+(WOA+21;E"\04>8`21$`!" M0`@%P`2$H`"P#@E*?@AJ(`A-$.DMX`-@D.F$<`=.\`=OP.9B\`1_``%5<`42 MT/\$T0`&.&H%T4`"J4X(@S[HBL`"'2`(42#D6>3H@H#N`7`'@K`"0?`'Z*X) M%K#DDM#HCQ[IU\#I@A`#1'`(FUX(SI4`&B`(/E#L1*".>V`![%[NPP[MDE#L MER#KM%[KNKD!/*#A0D$"'$`$'_X'&>`"02#C@N``""`%,?`'8B`"04`!:VX! M7OX'>K[G+2``+"`;$/`">6`'?W`&0:`!]\`!`"`%+-!06.#J?V`&;?`'9;`' M-6#Q@E`&)<_I!9#I-0``#)`$@J`!7C`'5"`(8^#N@]`&(J`!].X!"2``42\( M#/`$%M\$WT('92`(_A[OA"#P@N`"^+[R+"``.R`(2"#_!2[PZ3#O!&R`&0.3 M)2L@`(HO"/M."!@N"!B^!B]@!@*0`BNO!"S@!8Y^!7;@!&)`"!S@!2RP]()` M]`CP,280!'80#720!$ZP[G_0`GL0!'CP!I$/C$B``&X@XH/@]W^P!+F?&'.@ M`2YP!P+?`0+0[G]`!TH0!!CN`(Y.`$X@[*,N"!?@!**N.0A`]`.@`0`0!4&` M`"Y`_(*@`!;?`HF&X0WP`GT@`+^>)680!"]0[$D`"!P,!'^%?WE.&E>%+V8" M?(5K""Q1-8:7F)F:FYR=GI]^H:*CI*6FIZBIJJNLK:ZOL+&RK24[=P*%1UQ=/E^&"@9I&&-(_PIM,88>,6B%"'D>?W%5\%$>H44'0@FA0QH^%,@S1\F=S"=4;`'R)\E0=XX M\?('@1L"3EP8NF,E!:8''*1=^H8IVQ\P<1P<`?!'S1D@1N@<\-#@0#4.`P-< MV('AC"$+#RZ!,334P)0D`$*L::GD!8:03=H0\#"P$(<0+Q*H(8!%@80T=<`I MB!'E71,$;YX8K%'E"X(!?>8,(*3`1`L%0@U)H/)'RIX_SUK4&7HGB`,;"/X$ MR#.G28L_&/X8Z"-@#H1@'-R<\)'3QP$Y;:SL@1!E0(H11"XEN^2WT-`'5A", M$)'@3_\3/#L*1*;@YHJ`)X9(!&E01N.?&SN9O/ECY,Z+(Y9X29]._=*LZ]BS M:]_.O;NJ"1]DX'!0O;QY3U<\+,KF8`DA+QD*=0'^Y\Z*DW]%9B/`Y$$V/CZ= M!(X(A9A!02%XJ%.&:YCLP01>]-BCB01,''-$4']$$45KDEG21AT!B`!')B;] M$=8?:;CQ!Q6+R$$2/VI@8(08A8`DTHV7[+?@'QZTT1(A?,A!06)_4(23@'^T M<,!/:H`!1DA#,6A`:G_@T4<#)-T14ATLC5";55(4$@`#1?CX!PLM.'$"@G^4 M08A]?]1@QQ\G5%%(`3N(<=\?=M#HFI,%&/&87QG84.!008S_(*9MA7`1C`AS M^`#!'108<.`2A8R0C2^%[&%!(5&89`,$R&#@Y%`L,3^X=VQR":K[+*L1*`"$+D6*^UY8@3QP`-J M--#F%%,<&%!5-H*17R'9!)%"&6#X]\<;%AQA16I[1!G`N.I@&"4F&B142#V; M@/%E'?O\0<$=_P2$AP,A%'+&.R7=N$>84(1PQ!$)9Q('A#:2.Q*)A:P@\0U1 M",QM$'\0H,84IJDST+V7`)67E"9IV$*8?]@X1PA3@$&J5?E)P8(%2TR\1`0:QQP\1'?`/&'0024`0+ M9ZSQ*8/W>@HJS1Q@")B$A:1:<\QAWHL7'19,@8%#A21UA`CI(*F!`1>$W.&T MC$_'[..01R[Y*AT(R8EP]'!!\LQ`A.UF,4I M>O2C("U%!`[0@BY$BZ,H[<0,E'`)%DC@`NNT0^8,H(8"C%(#@&L>(^P!@8%D MX$F):`,0JL(G#WC`'B38&5'KLTXB%:(-C[D#E?[0AB:!H0D^P8.3SI@AH\[J M#T+HW!-(!8;4%2*L+*T*$'STO2>1\P]7<$$!/%`$P$$`:CHU!`'(H0XGE;&./SSB'OLX%1$`P0O. MX(#,[?C(2$ZRDO^7_`D"D,$):&.RE%'ZXRK_6`4QD$".I\SE+GOYRV`.,Y>M M3.:0,N``/.#"`L7L1"\XR0)."I"T"/`$,!3`!D;FA`$8!D]-(`"X!/$(99T0 MXWEFP@#&VT7A4@IG.WLK@%;!I"><&J6I>&(,+RZ:(6:P3@4L*1<*\$F?-;&_ M0CSR$G)8@J%3C&E-0&C,98ZUY")@@!$LA\T.!N6TU/"[*LUI%Y;4A!26B@'Z M"./5*'9;)J*@Z4^L+:5ZNV5)AK>))NP`15!@21J0K0D+Y(?;A3@!!@A!@.CU M@A.@-,`-7OP',MP@EQ_VMB8&X&59VQM9M(8!#AB,:PN;!`AGL,,,7K#_0%N] MP`D(>'$>GB`A!TA!"N0Q!!%P$=<_9(`-`OC2"U+@@AK_80UB`$`0C*`!;5W` M"?4<=HX*<`RP^@!"8A``6C[^`CP(0'X9`.R7KH!Q*:@H`RY@0<030`$!I"`% M`K!@R1C@!`F]8`H&C:LRU``%=Z(Q0?6TRO_E,T-N^)A!`'PS1AB?8*L;W3C]V M@BR#'O0;Q3$C0A!:@,=LI&`)=R7N##"0!@O@H8@D0`)+P&Z:Y@-D\`!,0`A- MP`1)4`2&8@`*``0(H`;F8P8%``%.<"`J)PTVT&L*8`9XL0,6T`5*0&@&$`)! M8`!40!X^`%4):!MV``05`@$^(`0J(`*$,`4"$`,8<`1($``T$@1@@`4^<&U- MH`!]$``N0`<(0`51D%.@,A0:$`)LX%JT8@1]@`":1@7\5P5CM`(N(`%$8`_$ M=`%$X``08!IN5C/RA_\#`^`#0!``J=,&7H$&8U0_1Y(-9S``!B``4V`/K)4' M"0,!(B`$;?`--O<'A&8H'(`%$&`$%T`&(;`(1]`<:4`%")`01E``0(`&P4-* M2F<("4`%$D`"QC$%:E`&=1`4%W('%A`%!B$"90`$D7%[`8$`721A]A8`!"B`&&,`2;>`#"5`'7P5CZE>/S5("^L9O M[P=_H/(K]250(.^("'L$I`@*!U<.0WO,-&TC_ M+BF0#1G`!!*9`.14%%12`./7D!YQ/39``BP0/"0P1K!"$#YQ`H36!"U"(&`@ M`PRB;)B@=1I`)$/!`L9A&)AP`_/T!E:00!6))`D@!&>0'V`@`0A8")]G7T.Q M>U[D)`JPA-QC`X)6!_9`$C8P!BSP4']@`Q(0!V@``(LXEF=B'`'V!T1P:_(6 MC&L20V#`=X4@!DA0"';BE@H3#!>")`2@+U&2;AK@!A01`.,8%#O"!C1B`:9# M!T,A!AB$*$2"*4:`"V(S?@10BSVY(QPP1KN"27&)"=]'!(J2(G\P`(O0`O5$ MC_;XFJ,09"\``%JVCS(6,TKWC^WC7BQQ/64T2C")_R/!04Q$\!>)5`BC(I'! MM@/$Q`&HLE39$``-H`1Y()$0X#E%$#U!Y!HA0P)%P`'%^0&\`U_>2\(X#G70YAG0&@6T``N$P7$Q)%RR2!PT)QX ML0*&T@+1

PQD$T3SV,)I>Y*(3Z9LZ!IOVV`$Z``1RD&>V M&6/`%%!Z=`E[00!8Z@+!D_]XAM"BAD"6`;`(`F"<&!0`!*"<-$,3\?6(?$B&90-.)EU4B@A0\$!++4) M?)&.7R"I)G0)"#!^+7$M)G&@0R&I+R,&9A6=AN`#]N`#`"#V!MA1!&1D0',!H449(`DV5$A$D0!!., M#T``!4`(;C"E]F(;(](266,$"L`!VC)5&328BBAHTG,X)#IOU&-)6"IC6BIK M'T!20%!D8;ID8XH`-.(%F!*55[""\)@U`>`%A5,`YQ<`1((`2H`$^R,"QID8 MWR3_&7AQ!K]B$F30DZ.D,=%$7!+9!`YT`*GQ2]P)L7\@`1*[(B?P`"TF!D;D M`P\5)9!*$!1A`,1U+WH81D``7#J)J7_``$+D0@Y``3F%'']P`+""!BE$:!BE M2S,@!4+P!TBP!*8J/+>C#@;!!0":0;64#?EE<3<`B-=RE\:J82Y`$G0P`(E1 M!D)T!1C@$26"`;9"K(9P!D8P#QF`%P$`3P9P/4+Y!TIP(#'Z+:E$/88;!$N` M14#A`-_@`!B*K0P2`"UF`';"`6SP`(8F`!0Q`N]P+^HJ!GOI4$<$&;;B!>3U M?944)J2+`$4``0*&8O7Z8T'&`U^P9?NJ9/O3`1V0=D0`4)P0'1^U5W8%8'\6DK0+S,T\.%D`)<&$.E-L-+<,./80(# M0`0%X`,'@@%9#"%5$!]]L`2$QO\$1!`"")`.03"B,S!:Q*5'\='`(D`&8>$# MMAH27.S%!5`I5@`&'SP'!'#`5.!&"YR^J!6]I+H_%3S#5`$20"F&/;.'48`9>`$04`O]KP+Y)PL038#0S`"` M`D+0`@`P`EN0!0VPV9_]VK`=VQ^-"A%0`75M`*8-`"?P!1!`'@=]+=O`'=S" 8'=$O00QS(`=O0`"N/=S,W=S.'=&!```[ ` end GRAPHIC 15 l34238al3423703.gif GRAPHIC begin 644 l34238al3423703.gif M1TE&.#EAF0`Y`.8``-W=W4M+2T5$1.+BXM'1T3P\.UM;6QD9&KJZIF9F?3T]'%Q<GHZ&9F9KZ]O;*QL?+R\?#P\)Z>G7U]?>[N[H:%A2$A(6II:514 M5%%14:ZNKF)B8K:VMG9U=>3DY`<'!WIZ>8F)B>SL[*:FIN;FYOS\_/O[^_KZ M^OGY^?CX^/;V]O?W]_W\_/S[^_OZ^OGX^/O[^OKY^?KZ^>#@W_3T\_7U]?CW M]^GIZ??V]OW]_/GY^/;V]8.#@_[]_??W]A(2$6!@8.;FY?K[^EE96/S\^T%! M0/CX]Z.CH[N[N_;U]NOKZ^_O[\?'QU]?7H"`@&1C8W=W=WQ\?/?X][.SLU=7 M5JBHJ.?GYXR+B^7EY>WM[7-S'AZ^OKPX.#?3S]"7E_W]_?[^_O___R'Y!``````` M+`````"9`#D```?_@'^"@X2%AH>(B8J+C(I^-8V1DI.4C'Y]-C^OX9^05P-&P]'""D3.,"I M?GXX(P8YO)D`4!ALP,Y6<'E!%`_UAJ M#5;#I@ZYN&J@@83*Y$:A"),C*UL;"O!D;EIZ\8<.`1W5 M:+%A;<0:/RQ,>7V)L"4;"`*,$+##^=Q+(0*@X2RQ3XXWJJU'V@@!MJ`^%-X, M"8(CC4+2XWGL,+"AP8,;XLGV6!"&=T'H>3AQRVDM",`,(WV4(,`#"@AP@`DB MV#8>/!6<4`$.\/4FB!\A5$`$3HG<4,`8-ZAR2186O%`!B(A:5:0,+ M=U+YU`TEQ("'"C9J^`P277!0V2-[!."$FS:L(,>8+=:00`H:C"BA)7[T((,! M*@07B0T4P'%&!3IP^:,?>HS`@'C]",!%7$G94"&EP7@7@`=AG("A*.8P\04. M)>'U#`0!7&`"!(4:6D,%>W0!1$$YM!`&KA+9L,0`!R;5AP<=C.&`!)7XX8,6 M!2`0YV(2X3#!"'@@0(N?07F6;@#.G62""Y6Q\E6E$KR!0`%LL&A)'S<8($)M MN+""@PNO;0C-#"MT4`+_?DS^6,,1`3"00K$U;#&B$'G^=T$,542P@\&+(+S` M%"%LVD<1=J#0Q0"?/`,='!480"R]0?G!`P4C)(`"RWW@8`=UJH[7!P%X@$$& M"$TGLC%XF_[1!P(F>*!#5N:@@0<;`E"0-9F#V"#'!S,8P'(-!)AP1`Y`T^5& M!UT`%0PPFJ&R("" M"BP7ML8+!S#0^2(U8%$'U8A@,F6508!@(095U%:W+X^`E)\?1+RA0PH?0-2' M&"TLDT,(LTML`Q8'',!"U0#+FM@C-LS;QSI"WY"#%RALT8#9Q44!=9B`..J!@P6D0`E_D(`! M6I"!)[S@"C?`P`%>L``(0.$%+T@`!HI@A2$$(``O<,`3GN"!;E&B#QRH`P%R M9@,0!,`$+]B#``9U@+6]@0DYB-X:.F#-#6&B!E)0@A:PH(8"O$$`+1B#"WY& MR\?-(`5R^^.>TK*).P1T#A;_*,`#1&`"+[2A"R8@`T@;T,,/D!.CH%-`-4$A MM#M\(0C3VUH>SC`!T'WA`1MHPPI,,(,ET*,&7\A`0("T$3^R0@I'T(`=O$`& M`4P!!A=(@!9P8%A:^M,723B!"3;PR2KU80AD>(@-`-@&K0:`"190GA`;L``. M)*^N3'A#`!SP@C8J&T$L@"!-DR@`W%(10^6=@-,5@`. M:`"2_^WZ<03;;>@E>7B"`28P@2^8P`1MJ$,!3I"!(1`KKHY[W!'J<"$@400& M$>Q#!*[@!AL,8+\,:.40BN"#&N``N2)H@P9^?(,H3&$(/5U$#^@@``[LX0!J M6)EE/3L]^$!#!P!0@)8]0($C$.$&_&0%]11(%AU,P`7XZ0,0+A"`5`4C!R[( M`LLNL07]L0,$\UM%%%)@8`(0JUR6):QN8].UN%Z0]..!``;#@@R9X^]S!N,$0-&`&%#22VN@&=A\` MP(<0?.$,14A"O/?]!QP9``(&@(%)^7WN'9Q``QV0`\,('F\SF"`%&8A#DAG^ @:W@\8.(4__4HHA?HCGO\XR`/N GRAPHIC 16 l34238al3423704.gif GRAPHIC begin 644 l34238al3423704.gif M1TE&.#EA=@`C`.8``/S\_,;%Q30Q,L[-SWM[>OJZOKZ^JJIJ8*` M@9*0D=W/BXUQ96K&PL*RJJV=D M9=?6UHB&AN7DY'9T=>CHZ%E75W]]?B4B(XZ-C6UJ:VAF9H>%A3`M+M_>WBDF M)WMY>4M(24],361B8W-Q<3@U-DA%1F!=7E-044`]/JBGIYR;FW!M;E!.3X2" M@V-@8::DI5114I22DY".CXN)BF)?8%9458!^?RGW%O M<+2SM,?'QTU*2]#/SYB7EXB'A_'Q\??X^*.BHIF7F+BWMVUK:U%/3Z^NKHV+ MC,O+RVEG:-C8V"8C)#LX.=S;W+&OL(6#A)&/D-W=W2(?(/___R'Y!``````` M+`````!V`",```?_@'^"@X2%AH>(B8J+C(V.BQ0ZCY.4E9:7?P<1`(=.-9B$ M+1DDH*60+RXN/"F/'P)G:X8*?G"F?VI^(;:[@ULT?GX0-7X@CW!^2H8&"'YO MI@3,+KR[=L-%*W\G?AR.LQ`?AB-^7;8/P-+3I1@("".#35`5C2L"?G2&9L!V MIAS`?NCI+F&`@2?`(#E^LC0R`,*/#$Z$L"3Q<\74E!H(&G"C1H4!DWI M(8!`HQ-0>G0PQ,1/C2FFGOC9(V(C1TH)>D#!-H@%LD9K>DB)8(@",Q6F/`!; M41/@S85!H#@;5+.)HQE^R!BJ,NR!K1)^AF2SR4O+@DD`-&H@9,(EEI-^_[CP M'&1AF!^BI=[XR6'@3U->`#3X"3)W$94T?E!<&!2`Y(!&%&[X.5"H@A-@1`J4 MDO`#QF._?C+L`C`$V`XKCNA`J;%A4(<'`A0T"@/$SXQ"4YXP\V.P5&D45/V< MV,4`F(^5C23ZD3,HS(,H0AH!,.)'@.9!`-1`..#'B"DK/1#$$H1KN"D348)) M>.33#P9!`%SXT>-(@Q0I:`A1F1%G"PL8?97BDP.$7.''6:6@Y\)$"#`26$MD.51`B'RF8K$!#>C)<\D;-;@@#]+J*I($_ZP,,A$=1;0PQ[65B+$;L`($$<& M(M3A1Q*%L,%`%[P.QH<'+$2!``ZD-,0$)5B`Q0,S4;3A"``\^(/`6U@0@4`9 M@X``0VN7`*``#W;=@`+_&';H65-%@QA`A!2#+6&&&5XP<&<3KRH010YZ/C*M M'S,*\(4A`Y1HB`-2)#&1&W],`0<,,PN2!PRI6M("$F$"`X%8A@@FVB`3`!.= M(%4$6A)V#R#PZB1)^W$&Q(,4T$\1#8PJ"'<"8'"##X(HZXX@$A1A724%7#&C M/STD@$@&81%"`LCO_:$`,TFT_,>T2U!2``H&VTP(W_X\_4=;47AQ!!1>_($" M#&\+,FT#E8#!S`TQ>)%%WXB((5PAV@B`!G5^C$F(!7?44.4C96"*("%*]!HB MFC#TT<8V4X":!B$V0`#<)'9@!<45F;.)@N&%R!<2(0!(6>X$AL0P6;N9*\(X M_S!'&$+';C/V4*("`@@P@14//#`QT2[^H8(`'DQ"@$8Z@/Y'`!C)7R+D8P@J M-,D/#]A=>40*"&>D/R0@"%'H32)`13-@)*&%A2```CV0@@:H(%)$D$L81@B MH((@Z`$#!C1"+>W*@R(3`8`%1,`$`Z`>(E;@CS`FHG\'+I&"`#Y#`9#Y00B3 M[`4,QC`))/C!"1#)B1\8$*Y#J*$&W'O*(#8`C`S4 GRAPHIC 17 l34238al3423705.gif GRAPHIC begin 644 l34238al3423705.gif M1TE&.#EAT`+1`.8``.SL[='2U-S>W^[N[^KJZ][?X-W>W]/4UNWM[LS-S^OL M[-S=WM76V-35UNKK[.'BX]36U]K;W-C9VN+CY.WN[N;GZ-+4U=77V-?8VN3E MYMOCIZ=#2T^;FY^[O[^3DY7FY\?)R\G+S?CX^/KZ^OGY^=KGJZ_+S\\_0TLW/ MT?HZ,?)RO+R\O'Q\<[0TLW/T.7FYN/DY,_1T_3T M]>;HZ/;V]_7U]O/S\_#P\/GY^OO\_,O,SO?W^.+DY/KZ^_CX^(B8J+C(V.CY"1DI.4E9:7F)F:FYR=GI^@ ME#!7(GL3)0L16S(-3$`JL%Q^L[2UMK>XN2ZP*E9,3$X='2`-#1`T-!$S!@4E M$V$V"#<\,":AU]C9VMODAY,*-!!R9R4!2\I4+"#FN#!LS'!D1.'%HA=R[;M3!0O_Y3H MN!"A`(LR"GH\D8%SJM^_@`,+'MSM1`P>7400<+>@P1"W/:,\Z)?H1%C(F#-K MS@7FPH86>7?$($RZM.G3J#FNT+(C"X(<&5!):#`&RN7-/6M$L#&GD0C#&AH@G2R'11&`(Q`1:9%$'FFFSV]$(2/*$PQ@]B(,`#=%GFJ:>+ MY[2F0`X3?`=!!S7(TF:&#;!PTR9J'>KHHYNI<%X/*NYIZ:6D;3F%"%*T4,`2 M3$"Z9A(;C.8)&Z*FJFI;*H`PPP0([%`EIK36"DX,9B#Q&@L%<'`!"`G(M.J: MLH"@UD\$0V M!(BK[KH$L='``BU0=NV\\ZYPA0T;+,!@%3FRJZH0%%`+BA#^%FPP30%(\,`' M-P2!)[T04[<"2@-(H97_$%TY(>3!JKX@`0'(>J,$QR27/(L3'F:P:,0L^V4" M#A0DJ`<#(`PAK,G-NE"`$0]O0P3.0)>,0A4>BF$#$CCTW/+2V_3)[00"--$` M%37<'+2Z4!@`@,#<%'#UUT"SH8,!#A!A*M-H8Y("#D8`,$$3.F@,MLDJ+)#> M1B#,K3?07#!QP`]*.G`$E6FG?0(,ZCA0Q@0&?#M&U7L'#4()7G`-SC^19PXV M$Q),D(,(4\A@>>$KFC#'&;K"UEB_FNO]P@)(A-1#Z[3O#802#31A``LY(#"X MDZ23=@X9-_QY2@09CU=[ZSI,4`1)&RPO?>8H0)%$`S\8\$`%#HAPA5+!@[1" M_Q!%B*!`&;PBKT,5&T]?NQ,:4`#\2"=&E@"/;X0!3VTP`'MPR`&G5`"$:CP M(QD0HA*7.)"#)&0A,Q#`!%I`D1MT@0@\"`(<4I`"I9%D!2FX0Q""P`,B3.$& MG/K`.V8@-0MT0`E,L$(0"8(""(@`)Q5@X@.!,(.0^84&>@RD(-D""X0PH0K" MZ(`%BE$,9#A2`C.(I"0G2J'AQQ)"9@W2IG2MKS4"[`@+GDF8@4C/*>;-(-`,XF'6X"]*`()0\4 M6'`%?C("`0EED\YX-B`!1/2B&/V)"Y8@ABM$M0*8XC6@^,U"$CT+B!/_,Z5IJ\`,`A'-%!A6J4LGY M@@N8-!M(6*I;&A`&APK(?E+_S6HMX]"$=%I5$X#4*D^`@$R"8FD%016K6O'' MA!]\8(+=B.5:!X("$+#@>9>:PEQ]8H4O[-5D'_,C.,CPUUR`P`9'W=-Z"HN+ M%V!@`SF@`!I$]R3&LFML%*@4.:9I63_HX`$-M598Y_H"$%R`/DD"TR*0T2$?+56C[$G"I1P@0)48`"$V\9Z-50##+#@",%M2DJ5Z@()?$"S M:).!_SE5T($?;$`*2#!K-P;<'A1(P`'RF@KF<(H"&KB2@`ZH)A,6P#`(EX/# MP&GJ!'J0X*G\YKE+"(.+@^>U6C*AOSFXP8XY`F/,H&`!!-!F:4JP4@8@H,;! M>P.0%C`%0#M"*!J;K]ZJ``? MJ`-J/PR!!F(8P!NN%*1V+M?3!/2"WN(`@1(XH*<#TG)32_\`@!!?25GDK`D! MXLSJ1;3@:C5H0'/.`.S!#)@))4#`=2^UA6XNP(C5IL2I20:&"0P`SRWJK!4\ M@P`S6(N\Q73!!7(`[W0_8@>Z5=<0+N`&<5N:UGOE,@*H32L8.(&88`!`J?WM MB'*O"P@2&*BMM"JG&60@"T.^5HIKR8`1!('BF?@!LUX``4YKX>`L8K`%%J"` MB=/+`+,<0@%.CG)-A"I5*.A/%F!^I96BX`L_D):2PT>%0-;UKCWG1!`@9:(M M$*';><+H"RQ@@`K`.=UH9:)NWAOU3@"@35`@N`@03:^#1JD"E"J[FC&(`@.\ MM.R=8">17#"#9K/:G%Q(P@_J``#_,F`=;4Q^(`DB\`&VXYT2_M00%'Z0`238 M/&W5-$\+*+#TQQ/",H/^0>4\'PKG=M@`"R\[+U_0@!,A0#FD5\01IJ?O'(0\ M]IH0-'`XUX+T/GZ00X!`"Z9P>=P/8K&T2X('#F_\1F!Z,QW(`<]Q3W!\O0VA!+T>_R> M$'9;VAHP_!,BGG?XSP,W/3`!-@!D1G@)`P6G%22@HP;@Y864%3 M`Q8@`1M0`=FW6A6H"0_P-36P`$_V@=@@5SM!+B60!HZW?20C:BS@`%[0!O!G M@HN07R;C_P(/@`8VJ`T(2!!,D`',U8.&X$Y0H`,TL#M2D`7`183;``,F8P41 MH'%.B`UY%!`UX$,K4X6%("K$H3"QH@8-R(67,'('TP!',(9DZ`@JAPM,,`%M ML(8CHB$J4`7R(00;$`;=LP.](8<:@7/^H@*[T8)^:`DXZ`=@4``.<'N%&!PJ MX`0!P``<8`!BX``[4("%&`YYLRX@$`:$F(F5T`6ST`$&<#>@.(<%00@P,QH(:G^`TX("XU\6"YR`F&@0-$X!JO)P)D]XN*<$@* MT0!+`$D&L`%3E`,$0`%94`07@8G(2!+(MRH!L`%WEXV,L"4[(/\CW,$"^<(! M#*`#5#`$0-"-2%"#X!B/IV$!J\($'W!_R!@#5^``L2$$LP$"3!!PN>!4#">/ M!MDBH`(Z@`GYB3?^`"(+!/3GD:)M!].J("!2!^CW<=/F`$#C`! M>J`#2B"01"*(6("3\5@+*!``0E`!+#B5@D$&9,D>5%`"9U%M)G`'78D`'V". M"](@#[(J.K`![PB7E!`0.H`B*&F8(,'_61BB`DT@7L&C*2+@`"U0`A+0!S*I M*C5@`*O&F)50$%OG7T?0E*#I#7K7'I*1!F@9(-GR!%>Q.-_!`!T0+"9#+BPP M0*<9FG&2!!$@+0&VFQKQ<\*!<8MH*^.#!I6I%0N``0TRER53ESXIG+RY%H36 M.>I$G=\`A<&!`@)0F'H",[PR,P$P!!9$.U$@!9&2J@`Q&0`79BD^R) M"$GEGD)``*8Y&"P!!DWP`3Z`C0FZ"&T( M&>3B!:TI$A")!A3``D*P/DFI1%^0`?L9H:R%(4SP+DOR!!!*HC&PF00Q!%,X MHB&!'3+2ER6`_SQ'20?#Q`4-4`%P1:*:L"864`(V<`/5`*2+<&-B\7T5<*%Q MI2U(8#P1,`8?6DQ14`*+B:22\"A#@G#)Z/X!X$M)0#(U@D\@"`*PB`.,F`=X`!BNO^LG3`] M=7@`$J`].:``T\`7/6@"=G`+9@I.D[`VY7,^Z6,C.*)H00=UXNH-@52'.J`' MG'8$/!`#@=HR.U`+7!`!1!".,K`#-X`O<#.6+JIE3.!G_1H.Q40'4-`!#/%! M4Q0--U`$9F"PU99'=8D$=Q"12$`!-M`"C*,^2E`HM9:"#3`"6YBQWY!0+@`& M#1`!)<`"+6`#"D`!-T`$/H!"!SL88`0#PAA#%(``62`!KNW?-NW=WNW942W2`"WQ(@`#F`#-E`&+0#_LQ/@'04@!#/P`S2@26Y$!4QP M#Z/$93:0'H>(M6V1*+K9M>3@N7Z``KR@`E``2K^@!(G4NJ[[NL*@NK]0`ZZHJ(+"KQ;,E603FDQO#ZA`OP:O!V!O/[B,2'0J8@P M92^HT\[!<^W!-U M90.NV@F.R6$J\``2?,2)EL0#`00,P`(A,@X-!\U6DET6P/\" M-[!K`F*5"'5D-Y#&W%S%?Q4%3:#%=TP:*(A0'?D!<)#.6:=6*-!51K#*A#'$ M`)5QO6S/K;Q4*M``!O`!:!#044&F[40N(0"2`GW/,E4#$L#$Z!P84%!/;.`! M*AS1C)Q10-`?%9`%XFPKRU1.!R`&[>O1EA)13+!IL1,Q9DA--:`!$,W2F&)/ M3D`#QI;0:"-?Q/0%$^![.%TMY!0'#2``+=`#4TPOF\A+QJD&1=UVQ00&1&H$ M'DA`N\A+0G`#"CW5IS%++J`$27(T)>UO^SM(<[H%D`S6+I2N0"$*#(?(W_-LNC`F.``>'VSE$GBDH4 M!070T8F=);V4!$M0`/)9!):-$#-$.@`X!3`;'RV7AG`JDY M/6S0(WMMVKE<,&.@U`HP!77]BV3PKM(#!'6PTK9-.L/R`AV"AQ4``+Q]T<;W MQ)HS!/'#S\5=*VWB`F,@!"SP`:!#6;NI2IKC`G504]7M;^ZA`D)Q`3]@%V4` M`-/0UG"97'HC4/!=WDN#&>C=`1#PF\A1L+7]B]PY-PP0QO:-;3%@ M,D0%KB?>XJR&R@5SK&?@_]PN7N,%PM#KT@'39N,\CF9CIBY/=\L]/N1I8P(5 MRR9#(`8;3N1,;B5IP"P6,`%D0.--7N7405N<60#";.56D MQP/__:IG\"B^6\ED/GZE&P`T=^9`>H5K`@0ML.5M[H*U`)7P4IKC45Q`J``$'[>='/'L9D@0/P)J23H1B MD78$,.;!"]3D$0R9J"%#\"[24@2R?HJZUQ8@ M4/\`X"GMC;@F1Q(!$V"AH'G`;I$$]PCNOR@JO,6G!(`$O2V/-W">/,$%.K"\ M[)Z+[I0`#.!;L(>,$_`37Y`#V;[O^&`0`!DS@!+18\X$T+0+`! MG'ST3EE-+\`$`=``$J`!(`3A/6`$U-!%F((#R44%!H"]5@^:&>4"OK",R;`` M_\,"-F"T.`#BTO$!7T``7+OV5[]7*I#U8#`,!]``%T#_`Y`T`U[?#!/0^&G; M`A6`N))/M&Y;^99_^9<_^8B;`XN[N"S0^*=0``4@`)&D!\C``,4@#%7`!!"P M`13`['Y_FG/L'DI@>[&?H+-_P@$0;DM^^Z"8^YG!'Q.`][Y?G\!/2!#``EE` MZ,7OA,?O$VP@`2T06LW_JL\_$PU``,1>_?UZ_6.A`X_,_:+K_;8`!!=P`P/`@>PM?%/PG/,!$TP?,P/"'^"@X2%AH>(B8J+C(V. MCY"1DI.4E9:7F)F:FYR=GHQ^H:*CI*6FIZBIJJNLK:ZOL+&R+B`E!$&?N;J[ MO+V^O\#!PL/$Q;+'R,G*R\S-_Z8Z+48GQ=35UM?8V=K;W,;.W^#AXN.C+@TE M"##=Z^SM[N_P\?*+Y/7V]_BB*#0V/";S``,*'$BPH,%"^1(J7/C*"886/58< MG$BQHL6+&"\QW,AQ(9`+"&)D'$FRI,F3\SJJ7.GL18,-#H+\0TFSILV;.#NQ MW,FSE0L+!F[,S$FTJ-&C17LJ7>IR@Q0S0Y%*G4JUJL&E6#NJ:%#`QI.H5L.* M'4OV6M:S^*),0*`%;-FW<./*W82VKC,442*P$*%EKM^_@`.#LDLXEHL`+(I, M$\RXL>.YA2.GHB*!A0(<;A]KWLS9J.3/?FH`5;"XL^G3J&V"1ENC@8$*7F2D MGDV[=DC&U3U5Z!#"`H&/S+:#"Q_^#G?'(3-RW)!-O+GSY^R,XT-194F)+3?4 B0=_.O3NU">##BQ]/OKSY\^C3JU^?/D<6S-[CRY_?*Q``.S\_ ` end -----END PRIVACY-ENHANCED MESSAGE-----