0001193125-12-172153.txt : 20120420 0001193125-12-172153.hdr.sgml : 20120420 20120420103429 ACCESSION NUMBER: 0001193125-12-172153 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20120420 DATE AS OF CHANGE: 20120420 EFFECTIVENESS DATE: 20120420 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RidgeWorth Funds CENTRAL INDEX KEY: 0000883939 IRS NUMBER: 232678674 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-45671 FILM NUMBER: 12769864 BUSINESS ADDRESS: STREET 1: 3333 PIEDMONT ROAD STREET 2: SUITE 1500 CITY: ATLANTA STATE: 2Q ZIP: 30305 BUSINESS PHONE: 888-784-3863 MAIL ADDRESS: STREET 1: 3333 PIEDMONT ROAD STREET 2: SUITE 1500 CITY: ATLANTA STATE: 2Q ZIP: 30305 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 S000004695 RidgeWorth Short-Term Municipal Bond Fund C000012766 A Shares SMMAX C000012768 I Shares CMDTX 497 1 d330073d497.htm RIDGEWORTH FUNDS Ridgeworth Funds

April 20, 2012

VIA EDGAR

Securities and Exchange Commission

Division of Investment Management

100 F Street N.E.

Washington, D.C. 20549

 

Re:     RidgeWorth Funds (the “Registrant”)
    File No. 033-45671

Ladies and Gentlemen:

The Supplement is being filed to submit exhibits containing interactive data format risk/return information that mirrors the risk/return information for the Registrant’s Short-Term Municipal Bond Fund, formerly the Maryland Municipal Bond Fund, as contained in the Prospectus dated August 1, 2011 (as revised April 10, 2012) filed electronically via EDGAR with the Securities and Exchange Commission on April 9, 2012 (Accession No. 0001193125-12-155386).

If you have any questions concerning this filing, you may contact me at (617) 662-3239.

Very truly yours,

 

/s/ Michael Hill

Michael Hill
EX-101.INS 2 rwf-20120409.xml XBRL INSTANCE DOCUMENT 0000883939 rwf:S000004695Member rwf:C000012766Member rwf:ReturnsBeforeTaxesMember 2011-05-01 2012-01-31 0000883939 rwf:S000004695Member rwf:C000012768Member rr:AfterTaxesOnDistributionsMember 2011-05-01 2012-01-31 0000883939 rwf:S000004695Member rwf:C000012768Member rr:AfterTaxesOnDistributionsAndSalesMember 2011-05-01 2012-01-31 0000883939 rwf:S000004695Member rwf:C000012768Member rwf:ReturnsBeforeTaxesMember 2011-05-01 2012-01-31 0000883939 rwf:S000004695Member rwf:BarclaysCapitalUsMunicipalBondIndexMember 2011-05-01 2012-01-31 0000883939 rwf:S000004695Member rwf:BarclaysCapitalOneToFiveYearMunicipalBondIndexMember 2011-05-01 2012-01-31 0000883939 rwf:S000004695Member 2011-05-01 2012-01-31 0000883939 rwf:S000004695Member rwf:C000012766Member 2011-05-01 2012-01-31 0000883939 rwf:S000004695Member rwf:C000012768Member 2011-05-01 2012-01-31 0000883939 2011-05-01 2012-01-31 iso4217:USD xbrli:pure false 2012-04-09 2012-04-10 2012-03-31 Other 0000883939 RidgeWorth Funds CMDTX SMMAX 0.0001 0.0001 <div>&lt;div style="display:none;"&gt;~ http://ridgeworth.com/role/AnnualFundOperatingExpenses ~&lt;/div&gt;</div> 0.0891 0.0422 0.0333 0.0262 0.0432 0.0250 -0.0035 0.1224 0.0099 0.0969 <i>AVERAGE ANNUAL TOTAL RETURNS (for periods ended December&#160;31, 2011)</i> Barclays Capital 1-5 Year Municipal Bond Index (reflects no deduction for fees, expenses or taxes) Barclays Capital U.S. Municipal Bond Index (reflects no deduction for fees, expenses or taxes) I&#160;Shares Returns Before Taxes I&#160;Shares Returns After Taxes on Distributions and Sale of Fund Shares I&#160;Shares Returns After Taxes on Distributions A&#160;Shares Returns Before Taxes 0.1070 0.0345 0.0827 0.0952 0.0969 0.0654 0.0522 0.0422 0.0482 0.0490 0.0356 0.0342 0.0538 0.0361 0.0330 0.0478 0.0474 0.0338 Performance <p>Best Quarter</p><p>6.09%</p><p>(9/30/09)</p> <p>Worst Quarter</p><p>-4.71%</p><p>(12/31/10)</p> <i>This bar chart shows the changes in performance of the Fund&#8217;s I&#160;Shares from year to year.</i> 0.0609 2009-09-30 -0.0471 2010-12-31 <div>&lt;div style="display:none;"&gt;~ http://ridgeworth.com/role/AnnualTotalReturnsBarChart ~&lt;/div&gt;</div> 0.0000 0.0015 You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in RidgeWorth Funds. More information about these and other discounts is available from your financial professional and in Sales Charges on page&#160;90 of the Fund&#8217;s prospectus and Rights of Accumulation on page 91 of the Fund&#8217;s statement of additional information. 50000 I&#160;Shares A&#160;Shares <i>Example<i> This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same and you reinvest all dividends and distributions. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <div>&lt;div style="display:none;"&gt;~ http://ridgeworth.com/role/ExpenseExample ~&lt;/div&gt;</div> 537 50 157 671 275 816 619 1239 Fees and Expenses of the Fund This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. <i>"Acquired Fund Fees and Expenses" reflect the Fund's pro rata share of the fees and expenses incurred by investing in other investment companies. The impact of Acquired Fund Fees and Expenses is included in the total returns of the Fund. Acquired Fund Fees and Expenses are not used to calculate the Fund's NAV and are not included in the calculation of the ratio of expenses to average net assets shown in the Financial Highlights section of the Fund's prospectus.</i> 0.0064 0.0049 Best Quarter Worst Quarter 0.0035 0.0035 0.0000 0.0250 Investment Objective The Short-Term Municipal Bond Fund (the &#8220;Fund&#8221;) seeks to provide as high a level of total return through federally tax-exempt current income and capital appreciation as is consistent with the preservation of capital, primarily through investment in investment grade tax-exempt fixed-income securities. <i>Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)</i> A&#160;Shares I&#160;Shares 0.0013 0.0013 1-888-784-3863 www.ridgeworth.com The following table compares the Fund&#8217;s average annual total returns for the periods indicated with those of a broad measure of market performance. The bar chart and the performance table that follow illustrate the risks and volatility of an investment in the Fund. The Fund&#8217;s past performance (before and after taxes) does not indicate how the Fund will perform in the future. Updated performance information is available by contacting the RidgeWorth Funds at 1-888-784-3863 or by visiting www.ridgeworth.com. The Fund&#8217;s past performance (before and after taxes) does not indicate how the Fund will perform in the future. Updated performance information is available by contacting the RidgeWorth Funds at 1-888-784-3863 or by visiting www.ridgeworth.com. After-tax returns are calculated using the historical highest individual U.S. federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax deferred arrangements, such as 401(k) plans or individual retirement accounts (&#8220;IRAs&#8221;). After-tax returns are shown for only the I&#160;Shares. After-tax returns for other share classes will vary. Your actual after-tax returns will depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax deferred arrangements, such as 401(k) plans or individual retirement accounts (&#8220;IRAs&#8221;). After-tax returns are shown for only the I&#160;Shares. After-tax returns for other share classes will vary. <div>&lt;div style="display:none;"&gt;~ http://ridgeworth.com/role/AverageAnnualTotalReturns ~&lt;/div&gt;</div> After-tax returns are calculated using the historical highest individual U.S. federal marginal income tax rates and do not reflect the impact of state and local taxes. Portfolio Turnover 0.27 The Fund pays transaction costs when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 27% of the average value of its portfolio. 2011-08-01 Principal Investment Risks You may lose money if you invest in the Fund. <p>You may lose money if you invest in the Fund. <b>A Fund share is not a bank deposit and it is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</b></p> <p><b>Debt Securities Risk:</b> Debt securities, such as bonds, involve credit risk. Credit risk is the risk that the borrower will not make timely payments of principal and interest. Changes in an issuer&#8217;s credit rating or the market&#8217;s perception of an issuer&#8217;s creditworthiness may also affect the value of the Fund&#8217;s investment in that issuer. The degree of credit risk depends on the issuer&#8217;s financial condition and on the terms of the securities. Debt securities are also subject to interest rate risk, which is the risk that the value of a debt security may fall when interest rates rise. In general, the market price of debt securities with longer maturities will go up or down more in response to changes in interest rates than the market price of shorter term securities.</p> <p><b>Maryland Concentration Risk:</b> The Fund&#8217;s concentration of investments in securities of issuers located in Maryland subjects the Fund to economic and government policies within Maryland.</p> <p><b>Municipal Securities Risk:</b> Municipal securities can be significantly affected by litigation, political or economic events, as well as uncertainties in the municipal market related to taxation, legislative changes or the rights of municipal security holders. Municipal securities backed by current or anticipated revenues from specific projects or assets can be negatively affected by the inability of the issuer to collect revenues for the projects or from the assets. The issues currently facing the national economy are negatively impacting the economic performance of many issuers of municipal securities. Municipal obligations may be more susceptible to downgrades or defaults during periods of economic stress, which could have an adverse effect on the market prices of municipal bonds and thus on the value of the Fund&#8217;s investments.</p> <b>A Fund share is not a bank deposit and it is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</b> SHORT-TERM MUNICIPAL BOND FUND Summary Section <p><i>A&#160;Shares and I&#160;Shares</i></p> <i>Shareholder Fees (fees paid directly from your investment)</i> I&#160;Shares A&#160;Shares <div>&lt;div style="display:none;"&gt;~ http://ridgeworth.com/role/ShareholderFees ~&lt;/div&gt;</div> Principal Investment Strategies <p>Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal securities. The Fund will invest primarily in short-term municipal securities. The Adviser defines short-term municipal securities as municipal securities with remaining maturities of 5 years or less. The issuers of these securities may be located in any U.S. state, territory or possession. The Fund may invest up to 20% of its assets in securities subject to the U.S. federal alternative minimum tax. The Fund may also invest a portion of its net assets in certain taxable debt securities.</p> <p>In selecting investments for purchase and sale, the Fund&#8217;s Subadviser, StableRiver Capital Management LLC (&#8220;StableRiver&#8221; or the &#8220;Subadviser&#8221;), tries to manage risk as much as possible. Based on the Subadviser&#8217;s analysis of municipalities, credit risk, market trends and investment cycles, the Subadviser attempts to invest more of the Fund&#8217;s assets in undervalued market sectors and less in overvalued sectors. The Subadviser also tries to identify and invest in municipal issuers with improving credit and avoid those with deteriorating credit. The Subadviser may retain securities if the rating of the security falls below investment grade and the Subadviser deems retention of the security to be in the best interests of the Fund. </p> "Acquired Fund Fees and Expenses" reflect the Fund's pro rata share of the fees and expenses incurred by investing in other investment companies. The impact of Acquired Fund Fees and Expenses is included in the total returns of the Fund. Acquired Fund Fees and Expenses are not used to calculate the Fund's NAV and are not included in the calculation of the ratio of expenses to average net assets shown in the Financial Highlights section of the Fund's prospectus. The performance information shown above is based on a calendar year. The Fund's total return for the three months ended March 31, 2012 was 0.66%. Effective April 10, 2012, the Fund changed its benchmark index to the Barclays Capital 1-5 Year Municipal Bond Index. The Subadviser believes the Barclays Capital 1-5 Year Municipal Bond Index better reflects the Fund's investment style. Adjusted to reflect a decrease in the Management Fees effective April 10, 2012. 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All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

"; }else{ for( var p = 0; p < text.length; p++ ){ formatted += "

" + text[p] + "

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XML 11 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Document Type dei_DocumentType Other
Document Period End Date dei_DocumentPeriodEndDate Mar. 31, 2012
Registrant Name dei_EntityRegistrantName RidgeWorth Funds
Central Index Key dei_EntityCentralIndexKey 0000883939
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Apr. 09, 2012
Document Effective Date dei_DocumentEffectiveDate Apr. 10, 2012
Prospectus Date rr_ProspectusDate Aug. 01, 2011
RidgeWorth Short-Term Municipal Bond Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading SHORT-TERM MUNICIPAL BOND FUND Summary Section

A Shares and I Shares

Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Short-Term Municipal Bond Fund (the “Fund”) seeks to provide as high a level of total return through federally tax-exempt current income and capital appreciation as is consistent with the preservation of capital, primarily through investment in investment grade tax-exempt fixed-income securities.
Fees and Expenses of the Fund rwf_FundFeesAndExpensesAbstract  
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.
Expense Breakpoint Discounts rwf_ExpenseBreakpointDiscountsAbstract  
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in RidgeWorth Funds. More information about these and other discounts is available from your financial professional and in Sales Charges on page 90 of the Fund’s prospectus and Rights of Accumulation on page 91 of the Fund’s statement of additional information.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Shareholder Fees rr_ShareholderFeesAbstract  
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Annual Fund Operating Expenses rr_OperatingExpensesAbstract  
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" reflect the Fund's pro rata share of the fees and expenses incurred by investing in other investment companies. The impact of Acquired Fund Fees and Expenses is included in the total returns of the Fund. Acquired Fund Fees and Expenses are not used to calculate the Fund's NAV and are not included in the calculation of the ratio of expenses to average net assets shown in the Financial Highlights section of the Fund's prospectus.
Example rr_ExpenseExampleAbstract  
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same and you reinvest all dividends and distributions. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Portfolio Turnover rwf_PortfolioTurnoverAltAbstract  
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 27% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 27.00%
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal securities. The Fund will invest primarily in short-term municipal securities. The Adviser defines short-term municipal securities as municipal securities with remaining maturities of 5 years or less. The issuers of these securities may be located in any U.S. state, territory or possession. The Fund may invest up to 20% of its assets in securities subject to the U.S. federal alternative minimum tax. The Fund may also invest a portion of its net assets in certain taxable debt securities.

In selecting investments for purchase and sale, the Fund’s Subadviser, StableRiver Capital Management LLC (“StableRiver” or the “Subadviser”), tries to manage risk as much as possible. Based on the Subadviser’s analysis of municipalities, credit risk, market trends and investment cycles, the Subadviser attempts to invest more of the Fund’s assets in undervalued market sectors and less in overvalued sectors. The Subadviser also tries to identify and invest in municipal issuers with improving credit and avoid those with deteriorating credit. The Subadviser may retain securities if the rating of the security falls below investment grade and the Subadviser deems retention of the security to be in the best interests of the Fund.

Risk [Heading] rr_RiskHeading Principal Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You may lose money if you invest in the Fund. A Fund share is not a bank deposit and it is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

Debt Securities Risk: Debt securities, such as bonds, involve credit risk. Credit risk is the risk that the borrower will not make timely payments of principal and interest. Changes in an issuer’s credit rating or the market’s perception of an issuer’s creditworthiness may also affect the value of the Fund’s investment in that issuer. The degree of credit risk depends on the issuer’s financial condition and on the terms of the securities. Debt securities are also subject to interest rate risk, which is the risk that the value of a debt security may fall when interest rates rise. In general, the market price of debt securities with longer maturities will go up or down more in response to changes in interest rates than the market price of shorter term securities.

Maryland Concentration Risk: The Fund’s concentration of investments in securities of issuers located in Maryland subjects the Fund to economic and government policies within Maryland.

Municipal Securities Risk: Municipal securities can be significantly affected by litigation, political or economic events, as well as uncertainties in the municipal market related to taxation, legislative changes or the rights of municipal security holders. Municipal securities backed by current or anticipated revenues from specific projects or assets can be negatively affected by the inability of the issuer to collect revenues for the projects or from the assets. The issues currently facing the national economy are negatively impacting the economic performance of many issuers of municipal securities. Municipal obligations may be more susceptible to downgrades or defaults during periods of economic stress, which could have an adverse effect on the market prices of municipal bonds and thus on the value of the Fund’s investments.

Risk Lose Money [Text] rr_RiskLoseMoney You may lose money if you invest in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution A Fund share is not a bank deposit and it is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Performance rwf_FundPastPerformance  
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The bar chart and the performance table that follow illustrate the risks and volatility of an investment in the Fund. The Fund’s past performance (before and after taxes) does not indicate how the Fund will perform in the future. Updated performance information is available by contacting the RidgeWorth Funds at 1-888-784-3863 or by visiting www.ridgeworth.com.
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund’s past performance (before and after taxes) does not indicate how the Fund will perform in the future.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Updated performance information is available by contacting the RidgeWorth Funds at 1-888-784-3863 or by visiting www.ridgeworth.com.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-888-784-3863
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.ridgeworth.com
Annual Total Returns rr_BarChartTableAbstract  
Bar Chart [Heading] rr_BarChartHeading This bar chart shows the changes in performance of the Fund’s I Shares from year to year.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Best Quarter

6.09%

(9/30/09)

Worst Quarter

-4.71%

(12/31/10)

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following table compares the Fund’s average annual total returns for the periods indicated with those of a broad measure of market performance.
Average Annual Total Returns rr_AverageAnnualReturnAbstract  
Caption rr_AverageAnnualReturnCaption AVERAGE ANNUAL TOTAL RETURNS (for periods ended December 31, 2011)
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using the historical highest individual U.S. federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax deferred arrangements, such as 401(k) plans or individual retirement accounts (“IRAs”). After-tax returns are shown for only the I Shares. After-tax returns for other share classes will vary.
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual U.S. federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Your actual after-tax returns will depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax deferred arrangements, such as 401(k) plans or individual retirement accounts (“IRAs”).
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for only the I Shares. After-tax returns for other share classes will vary.
RidgeWorth Short-Term Municipal Bond Fund | A Shares
 
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol SMMAX
Shareholder Fees rr_ShareholderFeesAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName A Shares
Maximum Sales Charge (load) Imposed on Purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 2.50%
Annual Fund Operating Expenses rr_OperatingExpensesAbstract  
Operating Expenses Column [Text] rr_OperatingExpensesColumnName A Shares
Management Fees rr_ManagementFeesOverAssets 0.35% [1]
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15%
Other Expenses rr_OtherExpensesOverAssets 0.13%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.64%
Example rr_ExpenseExampleAbstract  
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName A Shares
1 Year rr_ExpenseExampleYear01 537
3 Years rr_ExpenseExampleYear03 671
5 Years rr_ExpenseExampleYear05 816
10 Years rr_ExpenseExampleYear10 1,239
RidgeWorth Short-Term Municipal Bond Fund | I Shares
 
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol CMDTX
Shareholder Fees rr_ShareholderFeesAbstract  
Shareholder Fees Column [Text] rr_ShareholderFeesColumnName I Shares
Maximum Sales Charge (load) Imposed on Purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Annual Fund Operating Expenses rr_OperatingExpensesAbstract  
Operating Expenses Column [Text] rr_OperatingExpensesColumnName I Shares
Management Fees rr_ManagementFeesOverAssets 0.35% [1]
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.13%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.49%
Example rr_ExpenseExampleAbstract  
Expense Example, By Year, Column [Text] rr_ExpenseExampleByYearColumnName I Shares
1 Year rr_ExpenseExampleYear01 50
3 Years rr_ExpenseExampleYear03 157
5 Years rr_ExpenseExampleYear05 275
10 Years rr_ExpenseExampleYear10 619
Annual Total Returns rr_BarChartTableAbstract  
2002 rr_AnnualReturn2002 8.91% [3]
2003 rr_AnnualReturn2003 4.22% [3]
2004 rr_AnnualReturn2004 3.33% [3]
2005 rr_AnnualReturn2005 2.62% [3]
2006 rr_AnnualReturn2006 4.32% [3]
2007 rr_AnnualReturn2007 2.50% [3]
2008 rr_AnnualReturn2008 (0.35%) [3]
2009 rr_AnnualReturn2009 12.24% [3]
2010 rr_AnnualReturn2010 0.99% [3]
2011 rr_AnnualReturn2011 9.69% [3]
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 6.09%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2010
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (4.71%)
RidgeWorth Short-Term Municipal Bond Fund | Returns Before Taxes | A Shares
 
Average Annual Total Returns rr_AverageAnnualReturnAbstract  
Label rr_AverageAnnualReturnLabel A Shares Returns Before Taxes
1 Year rr_AverageAnnualReturnYear01 9.52%
5 Years rr_AverageAnnualReturnYear05 4.82%
10 Years rr_AverageAnnualReturnYear10 4.74%
RidgeWorth Short-Term Municipal Bond Fund | Returns Before Taxes | I Shares
 
Average Annual Total Returns rr_AverageAnnualReturnAbstract  
Label rr_AverageAnnualReturnLabel I Shares Returns Before Taxes
1 Year rr_AverageAnnualReturnYear01 9.69%
5 Years rr_AverageAnnualReturnYear05 4.90%
10 Years rr_AverageAnnualReturnYear10 4.78%
RidgeWorth Short-Term Municipal Bond Fund | Returns After Taxes on Distributions | I Shares
 
Average Annual Total Returns rr_AverageAnnualReturnAbstract  
Label rr_AverageAnnualReturnLabel I Shares Returns After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 8.27%
5 Years rr_AverageAnnualReturnYear05 3.56%
10 Years rr_AverageAnnualReturnYear10 3.38%
RidgeWorth Short-Term Municipal Bond Fund | Returns After Taxes on Distributions and Sale of Fund Shares | I Shares
 
Average Annual Total Returns rr_AverageAnnualReturnAbstract  
Label rr_AverageAnnualReturnLabel I Shares Returns After Taxes on Distributions and Sale of Fund Shares
1 Year rr_AverageAnnualReturnYear01 6.54%
5 Years rr_AverageAnnualReturnYear05 3.42%
10 Years rr_AverageAnnualReturnYear10 3.30%
RidgeWorth Short-Term Municipal Bond Fund | Barclays Capital 1-5 Year Municipal Bond Index (reflects no deduction for fees, expenses or taxes)
 
Average Annual Total Returns rr_AverageAnnualReturnAbstract  
Label rr_AverageAnnualReturnLabel Barclays Capital 1-5 Year Municipal Bond Index (reflects no deduction for fees, expenses or taxes)
1 Year rr_AverageAnnualReturnYear01 3.45% [4]
5 Years rr_AverageAnnualReturnYear05 4.22% [4]
10 Years rr_AverageAnnualReturnYear10 3.61% [4]
RidgeWorth Short-Term Municipal Bond Fund | Barclays Capital U.S. Municipal Bond Index (reflects no deduction for fees, expenses or taxes)
 
Average Annual Total Returns rr_AverageAnnualReturnAbstract  
Label rr_AverageAnnualReturnLabel Barclays Capital U.S. Municipal Bond Index (reflects no deduction for fees, expenses or taxes)
1 Year rr_AverageAnnualReturnYear01 10.70%
5 Years rr_AverageAnnualReturnYear05 5.22%
10 Years rr_AverageAnnualReturnYear10 5.38%
[1] Adjusted to reflect a decrease in the Management Fees effective April 10, 2012.
[2] "Acquired Fund Fees and Expenses" reflect the Fund's pro rata share of the fees and expenses incurred by investing in other investment companies. The impact of Acquired Fund Fees and Expenses is included in the total returns of the Fund. Acquired Fund Fees and Expenses are not used to calculate the Fund's NAV and are not included in the calculation of the ratio of expenses to average net assets shown in the Financial Highlights section of the Fund's prospectus.
[3] The performance information shown above is based on a calendar year. The Fund's total return for the three months ended March 31, 2012 was 0.66%.
[4] Effective April 10, 2012, the Fund changed its benchmark index to the Barclays Capital 1-5 Year Municipal Bond Index. The Subadviser believes the Barclays Capital 1-5 Year Municipal Bond Index better reflects the Fund's investment style.
XML 12 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
RidgeWorth Short-Term Municipal Bond Fund
SHORT-TERM MUNICIPAL BOND FUND Summary Section

A Shares and I Shares

Investment Objective
The Short-Term Municipal Bond Fund (the “Fund”) seeks to provide as high a level of total return through federally tax-exempt current income and capital appreciation as is consistent with the preservation of capital, primarily through investment in investment grade tax-exempt fixed-income securities.
Fees and Expenses of the Fund
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in RidgeWorth Funds. More information about these and other discounts is available from your financial professional and in Sales Charges on page 90 of the Fund’s prospectus and Rights of Accumulation on page 91 of the Fund’s statement of additional information.
Shareholder Fees (fees paid directly from your investment)
Shareholder Fees RidgeWorth Short-Term Municipal Bond Fund
A Shares
I Shares
Maximum Sales Charge (load) Imposed on Purchases (as a % of offering price) 2.50% none
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses RidgeWorth Short-Term Municipal Bond Fund
A Shares
I Shares
Management Fees [1] 0.35% 0.35%
Distribution (12b-1) Fees 0.15% none
Other Expenses 0.13% 0.13%
Acquired Fund Fees and Expenses [2] 0.01% 0.01%
Total Annual Fund Operating Expenses 0.64% 0.49%
[1] Adjusted to reflect a decrease in the Management Fees effective April 10, 2012.
[2] "Acquired Fund Fees and Expenses" reflect the Fund's pro rata share of the fees and expenses incurred by investing in other investment companies. The impact of Acquired Fund Fees and Expenses is included in the total returns of the Fund. Acquired Fund Fees and Expenses are not used to calculate the Fund's NAV and are not included in the calculation of the ratio of expenses to average net assets shown in the Financial Highlights section of the Fund's prospectus.
Example
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same and you reinvest all dividends and distributions. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example RidgeWorth Short-Term Municipal Bond Fund (USD $)
1 Year
3 Years
5 Years
10 Years
A Shares
537 671 816 1,239
I Shares
50 157 275 619
Portfolio Turnover
The Fund pays transaction costs when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 27% of the average value of its portfolio.
Principal Investment Strategies

Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal securities. The Fund will invest primarily in short-term municipal securities. The Adviser defines short-term municipal securities as municipal securities with remaining maturities of 5 years or less. The issuers of these securities may be located in any U.S. state, territory or possession. The Fund may invest up to 20% of its assets in securities subject to the U.S. federal alternative minimum tax. The Fund may also invest a portion of its net assets in certain taxable debt securities.

In selecting investments for purchase and sale, the Fund’s Subadviser, StableRiver Capital Management LLC (“StableRiver” or the “Subadviser”), tries to manage risk as much as possible. Based on the Subadviser’s analysis of municipalities, credit risk, market trends and investment cycles, the Subadviser attempts to invest more of the Fund’s assets in undervalued market sectors and less in overvalued sectors. The Subadviser also tries to identify and invest in municipal issuers with improving credit and avoid those with deteriorating credit. The Subadviser may retain securities if the rating of the security falls below investment grade and the Subadviser deems retention of the security to be in the best interests of the Fund.

Principal Investment Risks

You may lose money if you invest in the Fund. A Fund share is not a bank deposit and it is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

Debt Securities Risk: Debt securities, such as bonds, involve credit risk. Credit risk is the risk that the borrower will not make timely payments of principal and interest. Changes in an issuer’s credit rating or the market’s perception of an issuer’s creditworthiness may also affect the value of the Fund’s investment in that issuer. The degree of credit risk depends on the issuer’s financial condition and on the terms of the securities. Debt securities are also subject to interest rate risk, which is the risk that the value of a debt security may fall when interest rates rise. In general, the market price of debt securities with longer maturities will go up or down more in response to changes in interest rates than the market price of shorter term securities.

Maryland Concentration Risk: The Fund’s concentration of investments in securities of issuers located in Maryland subjects the Fund to economic and government policies within Maryland.

Municipal Securities Risk: Municipal securities can be significantly affected by litigation, political or economic events, as well as uncertainties in the municipal market related to taxation, legislative changes or the rights of municipal security holders. Municipal securities backed by current or anticipated revenues from specific projects or assets can be negatively affected by the inability of the issuer to collect revenues for the projects or from the assets. The issues currently facing the national economy are negatively impacting the economic performance of many issuers of municipal securities. Municipal obligations may be more susceptible to downgrades or defaults during periods of economic stress, which could have an adverse effect on the market prices of municipal bonds and thus on the value of the Fund’s investments.

Performance
The bar chart and the performance table that follow illustrate the risks and volatility of an investment in the Fund. The Fund’s past performance (before and after taxes) does not indicate how the Fund will perform in the future. Updated performance information is available by contacting the RidgeWorth Funds at 1-888-784-3863 or by visiting www.ridgeworth.com.
This bar chart shows the changes in performance of the Fund’s I Shares from year to year.
Bar Chart
[1] The performance information shown above is based on a calendar year. The Fund's total return for the three months ended March 31, 2012 was 0.66%.

Best Quarter

6.09%

(9/30/09)

Worst Quarter

-4.71%

(12/31/10)

The following table compares the Fund’s average annual total returns for the periods indicated with those of a broad measure of market performance.
AVERAGE ANNUAL TOTAL RETURNS (for periods ended December 31, 2011)
Average Annual Total Returns RidgeWorth Short-Term Municipal Bond Fund
1 Year
5 Years
10 Years
Returns Before Taxes A Shares
9.52% 4.82% 4.74%
Returns Before Taxes I Shares
9.69% 4.90% 4.78%
Returns After Taxes on Distributions I Shares
8.27% 3.56% 3.38%
Returns After Taxes on Distributions and Sale of Fund Shares I Shares
6.54% 3.42% 3.30%
Barclays Capital 1-5 Year Municipal Bond Index (reflects no deduction for fees, expenses or taxes)
[1] 3.45% 4.22% 3.61%
Barclays Capital U.S. Municipal Bond Index (reflects no deduction for fees, expenses or taxes)
10.70% 5.22% 5.38%
[1] Effective April 10, 2012, the Fund changed its benchmark index to the Barclays Capital 1-5 Year Municipal Bond Index. The Subadviser believes the Barclays Capital 1-5 Year Municipal Bond Index better reflects the Fund's investment style.
After-tax returns are calculated using the historical highest individual U.S. federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax deferred arrangements, such as 401(k) plans or individual retirement accounts (“IRAs”). After-tax returns are shown for only the I Shares. After-tax returns for other share classes will vary.
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