N-CSR

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)

RidgeWorth Capital Management, Inc.

3333 Piedmont Road NE, Suite 1500

Atlanta, GA 30305

(Address of principal executive offices)( Zip code)

(Name and Address of Agent for Service)	Copy to:
Julia Short RidgeWorth Funds 3333 Piedmont Road NE, Suite 1500 Atlanta, GA 30305	W. John McGuire, Esq. Thomas Harman, Esq. Morgan, Lewis & Bockius LLP 1111 Pennsylvania Ave., NW Washington, DC 20004-2541

Registrant’s telephone number, including area code: 1-888-784-3863

Date of fiscal year end: March 31

Date of reporting period: March 31, 2012

Item 1. Reports to Shareholders.

2012 ANNUAL REPORT

EQUITY FUNDS

MARCH 31, 2012

RidgeWorth Investments^® is the trade name of RidgeWorth Capital Management, Inc.

TABLE OF CONTENTS

RIDGEWORTH FUNDS    March 31, 2012

Letter to Shareholders	1
Management Discussion of Fund Performance
Equity Funds:
Aggressive Growth Stock Fund	3
Emerging Growth Stock Fund†	5
International Equity Fund	7
International Equity Index Fund	9
Large Cap Core Growth Stock Fund	11
Large Cap Growth Stock Fund	13
Large Cap Value Equity Fund	15
Mid-Cap Value Equity Fund	17
Select Large Cap Growth Stock Fund	19
Small Cap Growth Stock Fund	21
Small Cap Value Equity Fund	23
Allocation Strategies:
Aggressive Growth Allocation Strategy	25
Conservative Allocation Strategy	27
Growth Allocation Strategy	29
Moderate Allocation Strategy	31
Schedules of Portfolio Investments	33
Statements of Assets and Liabilities	66
Statements of Operations	69
Statements of Changes in Net Assets	72
Financial Highlights	82
Notes to Financial Statements	89
Report of Independent Registered Public Accounting Firm	108
Other Federal Tax Information	109
Trustees and Officers of the RidgeWorth Funds	110
Additional Information	112

^†  Effective close of business on April 27, 2012, the Fund merged into Aggressive Growth Stock Fund (See Notes to Financial Statements).

LETTER TO SHAREHOLDERS

RIDGEWORTH FUNDS    March 31, 2012

Dear Valued Client,

We are encouraged to report that the economy and the financial markets continued to grow and recover for the third year in a row. In addition, we are pleased to report that the RidgeWorth Funds maintained its strong long-term performance record.

Before we look at the year in review and our outlook, the entire RidgeWorth staff thanks you, our valued RidgeWorth shareholders, for choosing and supporting our mutual funds. We continually focus all of our efforts on helping you achieve your investing goals and are grateful that you have placed your confidence in us. It is our mission to maintain that confidence through delivering both outstanding investment performance and exceptional client service.

A year ago, we said we believed that the global economy and the financial markets were gradually healing in the wake of the most severe economic recession and financial crisis in modern memory. We also discussed how the current recovery/expansion has a different look and feel than the traditional rebound and we noted some of the potential implications and opportunities. Equity markets, we suggested, could maintain upward momentum given the low absolute and relative valuations as well as the continued and broadening global monetary stimulus. We also warned, however, that the “easy money” in the equity advance had been made and that fears which dominated markets, namely excess leverage, had not been adequately addressed. As a result, more fiscal policy “heavy lifting,” both domestically and abroad, was still needed.

The past year was one of continued positive, albeit sub-par economic growth in the U.S., highlighted by gradual improvements in job growth, the unemployment rate, and consumer spending. Housing activity remained sidelined by the mortgage foreclosure overhang, but some evidence suggested the national scope of the housing downturn that began in 2006 was evolving into a regional challenge. Business profits and investment also moved higher, though at a somewhat slower pace than the previous year, and corporate balance sheets remained solid. The domestic credit markets showed some signs of recovery as shown by year-over-year increases in commercial and consumer installment loans. Core inflation remained historically low, but headline prices rose due to a spike in energy and food prices.

Even with improving leading indicators, volatility in the equity markets remained at high levels due to the many headline macro events. In addition, correlations (or the collective movement of all prices in the same direction with proportional magnitude) reached levels not seen since the stock market crash of 1929. The S&P 500 Index had a roller coaster year, starting with about a 10% move upward in the first four months, only to see a 20+% correction through September, and then a subsequent strong rally to close out the year. The end result was an increase in the market of approximately two percent, including dividends.

Technology, Healthcare, Staples, and Discretionary stocks generated the strongest returns, helping the Growth style outperform the Value style. Large-cap stocks generally outperformed both mid-cap and small-cap stocks. In the fixed-income markets, continued aggressive monetary easing and concerns over EU sovereign debt pushed bond yields lower, especially in the Treasury market, though investment-grade corporate bonds benefited from narrower credit spreads.

The international picture by contrast was one of slower growth and increased risk. The markets were subjected to the seemingly continuous stream of deadlines and ultimatums surrounding the sovereign debt crisis in the European Union. The EU leadership cobbled together some helpful backstop strategies and enhanced liquidity mechanisms where none existed before, but those were not enough to prevent an economic downturn in the Eurozone. Growth in emerging markets also slowed, ultimately causing a broad shift in these countries’ monetary policies from tighter restraint toward easing. The result was that global monetary policy had turned toward stimulus by early 2012. The MSCI EAFE Developed Markets Index and the MSCI Emerging Markets Index both showed declines during the period.

Against this backdrop, the Federal Reserve maintained its accommodative policy and even went so far as to state that its short-term policy interest rate, the federal funds rate, would likely stay low until late 2014. It also decided to reinvest proceeds from its quantitative easing securities portfolio to help keep longer-term bond yields down. However, fiscal policy support was incrementally more muted as political posturing by both parties allowed only a few popular supports, such as the FICA tax reduction, to continue.

1

LETTER TO SHAREHOLDERS  (concluded)

RIDGEWORTH FUNDS    March 31, 2012

Through this difficult investing environment, the RidgeWorth Funds continued to maintain a record of strong long-term performance. More than 80% of our Funds beat their Lipper Peer Group medians for the five-year period ended March 31, 2012, and 70% of our Funds finished in the first or second quartile for the ten-year period¹. Additionally, Lipper recognized the RidgeWorth International Equity Fund for having the best three-year performance in its category².

In addition to strong investment performance, RidgeWorth Funds was also recognized for its achievements in client service and marketing. The Mutual Fund Education Alliance (MFEA) presented RidgeWorth Funds with nine awards in the medium-sized mutual fund families category, including the “Overall Advisor Communication Award.” It is a great honor to be recognized for our efforts in communicating with our constituents and for helping investors understand and benefit from our mutual funds.

Our outlook for the economy and the markets remains steady due to stable Gross Domestic Product (GDP) and job growth along with reasonable equity valuations. However, we believe many of the challenges that affected the markets over the past several years are still with us; fiscal strains in the EU, a weak housing market, heavy mortgage debt burdens, high unemployment, and record federal deficits are the most prominent. In addition, the recent sharp rise in oil and gasoline prices adds another challenge to achieving a sustained recovery. We expect the pace of growth to remain slower than normal because of the headwinds mentioned above, but inflation could materialize if energy prices continue to rise. However, despite recent upward pressure on some of the headline inflation measures, the Federal Reserve has pledged not to raise interest rates soon because of consumers’ weak balance sheets and low savings rates.

We believe the markets will continue to offer opportunities, but investors will have to be more selective and company specific. This type of market fits well with RidgeWorth’s bottom-up approach to security selection.

We wish to again thank you for placing your trust and confidence in us, and we look forward to another good year together.

Sincerely,

Ashi Parikh

Chairman, CEO, CIO

RidgeWorth Capital Management, Inc.

¹  For the period ended 3/31/12, 57%, 87% and 70% of the RidgeWorth Funds (I Shares) beat their Lipper peer group medians for the 1-, 5- and 10-year periods, respectively. The Lipper rankings are as of 3/31/12, for I Shares only, based on total returns and do not reflect a sales charge. ©2012 Lipper Leader, Reuters. All Rights Reserved. Lipper Ratings are according to Lipper, a Thomson Reuters Company. Past performance is not indicative of future results.

²  For the period ended 3/31/12, the RidgeWorth International Equity Fund had Lipper rankings of 14 of 123 International Large Cap Value Funds, 1 of 111, 12 of 85 and 29 of 55 for the 1-, 3-, 5- and 10-year periods, respectively. The Lipper rankings are as of 3/31/12, for I Shares only, based on total returns and do not reflect a sales charge. ©2012 Lipper Leader, Reuters. All Rights Reserved. Lipper Ratings are according to Lipper, a Thomson Reuters Company. Past performance is not indicative of future results.

2

AGGRESSIVE GROWTH STOCK FUND

Portfolio Managers

Ÿ Nancy Zevenbergen, CFA, CIC

Ÿ Brooke de Boutray, CFA, CIC

Ÿ Leslie Tubbs, CFA, CIC

INVESTMENT CONCERNS

Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes. Common stocks, and funds investing in common stocks, generally provide greater return potential when compared with other types of investments.

Small- and Mid-capitalization funds typically carry additional risks since smaller companies generally have a higher risk of failure.

MANAGEMENT DISCUSSIONOF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

After two years of robust gains, pessimism and short-selling trumped what was another year of strong revenue and earnings growth. Favored strategies of the prior periods included small-cap and high-beta, generally lagged this past year. Despite the equity market’s bullish character during the last six months, the bias for annual performance was defensive, favoring market sectors and securities that offered income, low volatility and low beta. Likewise, after two years of strong outperformance, the RidgeWorth Aggressive Growth Stock Fund I Shares underperformed its benchmark, the Russell 3000^® Growth Index, -3.16% versus 10.14%.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

Stock selection within the Information Technology sector was the salient factor driving the Fund’s underperformance for the period as sector holdings declined in the face of a double-digit sector advance for the benchmark. Holdings presented a frustrating dichotomy as both the single largest aggregate contributor/detractor hail from the sector.

Shares of Acme Packet, Inc. swung with amplitude, rising nearly 32% the first half of 2011, then fell 60% over the following nine months. While intense competition exists for next generation telecommunications equipment providers, Acme’s performance was more a reflection of fears regarding an overall decline in telecom providers’ IT spending. We continue to hold this stock believing that Acme Packet should benefit in the long-term from voice over IP implementation, which accounts for just 7% of U.S. voice connections and less than 1% of mobile subscribers.

OpenTable, Inc. also presented a performance challenge, declining 62% in the year. Google’s acquisition of Zagat placed shares of the company under significant pressure on the implication that Google might seize OpenTable’s market position. Since then, a direct link to book reservations via OpenTable is now the default setting on Google Places, allaying the threat of competitive entry. OpenTable still has a long way to grow. The company has roughly 31% share of restaurants in North America, but the more important metric is seated diners, of which it currently has 12% share. International opportunities are nascent, as well.

On the plus side, it is not an overstatement to say Apple, Inc. shares performed well this year. Shares of the largest company in the world (by market capitalization) gained a lofty 72% during the previous 12 months. Mirroring mature and successful corporations of the past, Apple recently announced a share repurchase and dividend; implying strong free cash flow would continue to accumulate. The RidgeWorth Aggressive Growth Stock Fund remains underweighted in this stock, concerned that the company will have a more difficult time delivering impressive earnings growth on an ever larger base.

To a lesser extent, Consumer Discretionary was the Fund’s next challenge stock-selection wise. Though five of the top ten aggregate contributors were consumer issues, underperformance was dominated by a single stock: Netflix, Inc., which was impacted by the well-documented story of management’s strategy to segregate product offerings and raise prices. We maintained this position in the Fund, convinced that Netflix still maintains a dominant U.S. position in the hyper-growth streaming video segment.

On a brighter note, Health Care was the largest sector contributor to Fund performance, benefiting from the defensive tone for the period. Topping the sector was medical equipment provider, Intuitive Surgical, Inc. (shares appreciated 62%). The company’s da Vinci Surgical System (essentially a robot that mimics and enhances functionality of the surgeon’s hands) is rapidly becoming the standard of care for several types of surgical procedures. The company continues to place systems, with procedures growth of nearly 30%. Intuitive’s prospects will largely depend on success in penetrating other specialties, such as general and cardiothoracic surgeries.

3

AGGRESSIVE GROWTH STOCK FUND

How do you plan to position the Fund, based on market conditions?

Despite a challenging twelve months of performance, we continue to view the Fund’s investments with a long-term vision beyond a single year. As evidence, over 80% of Fund holdings (based on initial period weights) remained in the portfolio at the end of the period. We remain focused on companies with high-growth characteristics expected to prove economically fruitful in future periods, regardless of sector or industry. That being said, the evolution and adoption of technology presents many of our investment opportunities in areas such as mobile communications and payments, cloud-based infrastructure and security/computing solutions and social networking.

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 2/23/04 (the inception date). Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Russell 3000^® Growth Index, which measures the performance of the broad growth segment of the U.S. equity universe. It includes those Russell 3000^® companies with higher price-to-book ratios and higher forecasted growth values. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.

			Average Annual Total Returns as of 3/31/12
Aggressive Growth Stock Fund		Inception Date	1 Year		3 Year		5 Year		Since Inception
A Shares	without sales charge	2/23/2004		–3.48%		26.87%		5.60%		6.34%
	with sales charge*			–9.02%		24.41%		4.37%		5.57%
I Shares		2/23/2004		–3.16%		27.28%		5.94%		6.66%
Russell 3000® Growth Index				10.14%		25.50%		5.02%		5.56%	**
Prospectus Expense Ratio1									Gross
A Shares										1.49%
I Shares										1.19%

Because equity markets may be volatile in the short-term, resulting in unusually high or low performance, investors should evaluate long-term performance before making an investment.

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Share performance reflects the maximum front-end sales charge of 5.75%.

** The performance return and the hypothetical $10,000 investment for the Russell 3000^® Growth Index is for the period from 2/29/04 to 3/31/12.

¹  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Sector Weightings (as of March 31, 2012)

as a percentage of investments

4

EMERGING GROWTH STOCK FUND

Portfolio Managers

Ÿ Nancy Zevenbergen, CFA, CIC

Ÿ Brooke de Boutray, CFA, CIC

Ÿ Leslie Tubbs, CFA, CIC

INVESTMENT CONCERNS

Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes. Common stocks, and funds investing in common stocks, generally provide greater return potential when compared with other types of investments.

Small- and Mid-capitalization companies typically have a higher risk of failure and historically have experienced a greater degree of volatility.

MANAGEMENT DISCUSSION OF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

After two years of robust gains, pessimism and short-selling trumped what was another year of strong revenue and earnings growth. Favored strategies of the prior periods included small-cap and high-beta, generally lagged this past year. Despite the equity market’s bullish character during the last six months, the bias for annual performance was defensive, favoring market sectors and securities that offered income, low volatility and low beta. Likewise, after two years of strong outperformance, the RidgeWorth Emerging Growth Stock Fund I Shares underperformed its benchmark, the Russell Midcap^® Growth Index, -15.01% versus 4.43%.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

Stock selection within the Information Technology sector was the salient factor driving the Fund’s underperformance for the period as sector holdings produced a double-digit decline in the face of a modest loss for the benchmark.

Shares of Acme Packet, Inc. swung with amplitude, rising nearly 32% the first half of 2011, then fell 60% over the following nine months. While intense competition exists for next generation telecommunications equipment providers, Acme’s performance was more a reflection of fears regarding an overall decline in telecom providers’ IT spending. We continue to hold this stock believing that Acme Packet should benefit in the long-term from voice over IP implementation, which accounts for just 7% of U.S. voice connections and less than 1% of mobile subscribers.

OpenTable, Inc. also presented a performance challenge, declining 62% in the year. Google’s acquisition of Zagat placed shares of the company under significant pressure on the implication that Google might seize OpenTable’s market position. Since then, a direct link to book reservations via OpenTable is now the default setting on Google Places, allaying the threat of competitive entry. OpenTable still has a long way to grow. The company has roughly 31% share of restaurants in North America, but the more important metric is seated diners, of which it currently has 12% share. International opportunities are nascent, as well.

We saw glimmers of strength among several sectors with notable contributions to the Fund from Lululemon Athletica, Inc. and MAKO Surgical Corp. bolstered by eCommerce sales, Lululemon decisively beat earnings estimates with 15 consecutive quarters above consensus and shares rose over 67% for the year. Superior technical products (appealing to athletic enthusiasts) and unique market positioning allow Lululemon to have one of the highest sales per square foot of any retailer. Shares of the robotic surgical company MAKO Surgical Corp., appreciated 75% for the period, the Fund’s second largest capital contributor. The company’s innovative robots allow surgeons to perform controlled orthopedic surgeries (knee and hip implants) called MAKOplasties. Benefits accrue to hospitals and patients alike: patients see less bone resection and lower complication rates, while hospitals generate higher revenues from increased procedural volume and shorter patient stays.

How do you plan to position the Fund, based on market conditions?

Despite a challenging twelve months of performance, we continue to view the Fund’s investments with a long-term vision beyond a single year. We remain focused on companies with high-growth characteristics expected to prove economically fruitful in future periods, regardless of sector or industry. That being said, the evolution and adoption of technology presents many of our investment opportunities in areas such as mobile communications and payments, cloud-based infrastructure and security/computing solutions and social networking.

Effective close of business April 27, 2012, the RidgeWorth Emerging Growth Stock Fund merged into the RidgeWorth Aggressive Growth Stock Fund.

5

EMERGING GROWTH STOCK FUND†

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 2/23/04 (the inception date). Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Russell Midcap^® Growth Index, which measures the performance of the mid-cap growth segment of the U.S. equity universe. It includes those Russell Midcap^® Index companies with higher price-to-book ratios and higher forecasted growth values. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.

			Average Annual Total Returns as of 3/31/12
Emerging Growth Stock Fund†		Inception Date	1 Year		3 Year		5 Year		Since Inception
A Shares	without sales charge	2/23/2004		–15.25%		29.24%		3.97%		5.63%
	with sales charge*			–20.12%		26.74%		2.75%		4.86%
I Shares		2/23/2004		–15.01%		29.58%		4.26%		5.95%
Russell Midcap® Growth Index				4.43%		29.16%		4.44%		7.26%	**
Prospectus Expense Ratio1									Gross
A Shares										1.74%
I Shares										1.44%

Because equity markets may be volatile in the short-term, resulting in unusually high or low performance, investors should evaluate long-term performance before making an investment.

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Share performance reflects the maximum front-end sales charge of 5.75%.

** The performance return and the hypothetical $10,000 investment for the Russell Midcap^® Growth Index is for the period from 2/29/04 to 3/31/12.

¹  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

† Effective close of business April 27, 2012, the Fund merged into the RidgeWorth Aggressive Growth Stock Fund (See Notes to Financial Statements).

Sector Weightings (as of March 31, 2012)

as a percentage of investments

6

INTERNATIONAL EQUITY FUND

Portfolio Manager

Ÿ Chad Deakins, CFA

INVESTMENT CONCERNS

International investing involves increased risk and volatility.

Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.

MANAGEMENT DISCUSSION OF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

The MSCI EAFE Index (the Fund’s benchmark) had a -5.77% net return for the one-year period ended March 31, 2012. Irish markets led other international markets with one of the few positive returns of 11.96%. Markets closer to flat for the period include Belgium (-1.42%), Switzerland (-1.51%) and the United Kingdom (-2.77%). Greece, still facing financial issues, was weak with a -64.11% return. Spain and Portugal both followed with -29.53% and -30.56%, respectively. MSCI EAFE Index growth stocks led value stocks for the period. Large caps beat small caps and developed markets led emerging markets.

The RidgeWorth International Equity Fund I Shares outperformed the benchmark during the year with a return of -5.24%.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

The Fund’s attention to the business cycle, strategic allocation and risk control proved beneficial to relative performance during the last year. As the economic recovery softened, the Fund remained overweight in cyclical sectors. Stock selection within the Financial sector also added to the Fund’s relative gains. The risk control aspects of the portfolio, such as the quality bias served the Fund well during the period. The avoidance of much of the problems in European utilities and regional banks contributed positively to the Fund’s relative performance.

How do you plan to position the Fund, based on market conditions?

As the global economic expansion matures, it remains clear that economic and fiscal health varies from country to country. Global economic data continues to look positive as does global gross domestic product growth. Central banks around the world have established the precedent that they will continue to stimulate the economy during periods of weakness. Inflation appears to be moderating in the emerging market economies and a soft landing for China remains likely. Developed markets stocks are currently trading at much more of a discount to their 10 year averages than emerging market stocks. Therefore, the Fund continues to take advantage of developed market stocks with large exposures to the emerging market economies.

7

INTERNATIONAL EQUITY FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Morgan Stanley Capital International Europe, Australasia and Far East (“MSCI EAFE”) Index, which is a free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the U.S. & Canada. The MSCI EAFE Index consists of 21 developed market country indices. EAFE performance data is calculated in U.S. dollars and in local currency. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.

		Average Annual Total Returns as of 3/31/12
International Equity Fund		1 Year		3 Year		5 Year		10 Year
A Shares	without sales charge		–5.48%		20.80%		–3.70%		4.74%
	with sales charge*		–10.91%		18.42%		–4.84%		4.12%
I Shares			–5.24%		21.16%		–3.41%		5.07%
MSCI EAFE Index			–5.77%		17.13%		–3.51%		5.65%
Prospectus Expense Ratio1								Gross
A Shares									1.57%
I Shares									1.27%

Because equity markets may be volatile in the short-term, resulting in unusually high or low performance, investors should evaluate long-term performance before making an investment.

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Share performance reflects the maximum front-end sales charge of 5.75%.

¹  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Sector Weightings (as of March 31, 2012)

as a percentage of investments

8

INTERNATIONAL EQUITY INDEX FUND

Portfolio Managers

Ÿ Chad Deakins, CFA

Ÿ Matthew Welden

INVESTMENT CONCERNS

International investing involves increased risk and volatility.

Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.

Small- and Mid-capitalization funds typically carry additional risks since smaller companies generally have a higher risk of failure.

It is important to remember that there are risks associated with index investing, including the potential risk of market decline, as well as the risks associated with investing in specific companies.

MANAGEMENT DISCUSSIONOF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

The MSCI EAFE GDP Weighted Index Net Dividend fell with a -9.31% net return for the one-year period ended March 31, 2012. Irish markets led other international markets with one of the few positive returns of 11.96%. Markets closer to flat for the period include Belgium (-1.42%), Switzerland (-1.51%) and the United Kingdom (-2.77%). Greece, still facing financial issues, was weak with a -64.11% return. Spain and Portugal both followed with -29.53% and -30.56%, respectively. MSCI EAFE growth stocks led value stocks for the period. Large caps beat small caps and developed markets led emerging markets.

The RidgeWorth International Equity Index Fund I Shares returned -9.78% for the year ended March 31, 2012.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

The Fund’s stratified sampling methodology and efficient management of cash flows allowed the Fund to perform as expected. Underperformance relative to the benchmark is a result of expenses incurred by the Fund.

How do you plan to position the Fund, based on market conditions?

As the global economic expansion matures, it remains clear that economic and fiscal health varies from country to country. Global economic data continues to look positive as does global gross domestic product growth. Central banks around the world have established the precedent that they will continue to stimulate the economy during periods of weakness. Inflation appears to be moderating in the emerging market economies and a soft landing for China remains likely. Developed markets stocks are currently trading at much more of a discount to their 10 year averages than emerging market stocks.

9

INTERNATIONAL EQUITY INDEX FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Morgan Stanley Europe Australasia and Far East (“MSCI EAFE”) GDP Weighted Index Net Dividend, which is a market capitalization index that measures market equity performance based upon indices from foreign and developed countries. The country weighting of the Index is calculated using the gross domestic product of each of the various countries and then with respect of the market capitalization of the various companies operating in each country. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.

		Average Annual Total Returns as of 3/31/12
International Equity Index Fund		1 Year	3 Year	5 Year		10 Year
A Shares	without sales charge	–10.05%	13.66%		-5.70%		4.36%
	with sales charge*	–15.24%	11.44%		-6.82%		3.74%
I Shares		–9.78%	14.01%		-5.42%		4.73%
MSCI EAFE GDP Weighted Index Net Dividend		–9.31%	14.78%		-5.16%		5.43%
Prospectus Expense Ratio1							Gross
A Shares							1.03%
I Shares							0.77%

Because equity markets may be volatile in the short-term, resulting in unusually high or low performance, investors should evaluate long-term performance before making an investment.

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Share performance reflects the maximum front-end sales charge of 5.75%.

¹  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Sector Weightings (as of March 31, 2012)

as a percentage of investments

10

LARGE CAP CORE GROWTH STOCK FUND

Portfolio Manager

Ÿ Christopher Guinther

Ÿ Joe Ransom, CFA

Ÿ Michael Sansoterra

Ÿ Sandeep Bhatia, PhD, CFA

INVESTMENT CONCERNS

Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.

Large cap stock can perform differently from other segments of the equity market or the equity market as a whole. Large capitalization companies may be less flexible in evolving markets or unable to implement change as quickly as smaller capitalization companies.

MANAGEMENT DISCUSSIONOF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

For the fiscal year ended March 31, 2012 the RidgeWorth Large Cap Core Growth Stock Fund I Shares returned 4.05%, while the S&P 500 Index returned 8.54%. The Fund underperformed the benchmark by 449 basis points. Mediocre stock selection in Energy, Health Care and Technology sectors hampered results.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

Last year, extreme market volatility ruled the day with investors following a herd mentality for much of the year. During the first nine months of the year, there was a disconnect between company fundamentals and stock prices driven by macro-economic fears. The “risk on” vs. “risk off” trade seen over the last 18 months continued into late 2011 and other non-company specific fundamentals pushed stock price correlation to levels not seen in 80 years. The mixed macro-economic environment impacted the Fund’s performance relative to the benchmark.

In the second quarter, the price of a barrel of oil dropped as weaker global macro-economic data was released causing a rush to sell Energy stock. Many investors believed the U.S. economy was beginning to slip into a double dip recession. The Fund’s holdings in the oil service industry and the independent exploration and production companies were particularly hard hit during this period and have not fully recovered. The Fund’s Energy stocks declined by 11.75% while the benchmark’s (S&P 500 Index) Energy stocks declined 6.87% for the fiscal year. Within the Technology sector, poor stock selection in semiconductor, storage and database software industries hurt relative performance. The stocks the Fund owned within these industries actually lost value during the year while the S&P 500 Index’s Technology sector rose by 20.21%. Additionally, the Fund’s investment in pharmaceuticals, medical device manufacturers and medical products companies did not perform as expected causing the average Health Care stock to gain 10.34% versus 16.40% for the average Health Care stock in the S&P 500 Index.

How do you plan to position the Fund, based on market conditions?

The portfolio management team does not attempt to position the Fund based on predictions of macro-economic conditions. The strategy utilizes a balanced approach to stock selection. This balanced approach, combined with multi-dimensional risk decomposition tools allows the portfolio managers to control active risk through portfolio construction. The portfolio managers actively monitor the components of the systematic risk and aim to ensure that most of the risk relative to the index is derived from non-systematic (stock specific) risk. Sector rotation and tactical sector allocations are generally not utilized. The portfolio will be relatively sector and characteristic neutral to the index as the investment team attempts to generate alpha through superior, bottom-up stock selection. The team believes that its investment strategy is objective, balanced and designed to enable outperformance in most market cycles.

The Fund will invest in companies with reasonable valuations and improving fundamentals. Generally, the companies invested in will have shown year-over-year increases in operating margins, growth in revenues and exhibit improving financial returns as measured by return on incremental invested capital. By combining the income statement, balance sheet and cash flow metrics to evaluate earnings quality, capital efficiency and relative

11

LARGE CAP CORE GROWTH STOCK FUND

valuations, the portfolio managers avoid concentrating on a single attribute. Therefore, the team seeks to eliminate investment results that are directly attributed to market conditions and thus attempting to add alpha through stock selection.

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Standard & Poors 500 Index (“S&P 500”), which is an index of 500 selected common stocks, most of which are listed on the New York Stock Exchange, and is a measure of the U.S. Stock market as a whole. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.

		Average Annual Total Returns as of 3/31/12
Large Cap Core Growth Stock Fund		1 Year		3 Year		5 Year		10 Year
A Shares	without sales charge		3.71%		18.84%		–0.81%		3.52%
	with sales charge*		–2.25%		16.53%		–1.98%		2.91%
C Shares	without CDSC		2.96%		17.98%		–1.55%		2.75%
	with CDSC*		1.96%		17.98%		–1.55%		2.75%
I Shares			4.05%		19.17%		–0.54%		3.77%
S&P 500 Index			8.54%		23.42%		2.01%		4.12%

Prospectus Expense Ratio1	Gross
A Shares	1.18%
C Shares	1.93%
I Shares	0.93%

Because equity markets may be volatile in the short-term, resulting in unusually high or low performance, investors should evaluate long-term performance before making an investment.

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.

¹  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Sector Weightings (as of March 31, 2012)

as a percentage of investments

12

LARGE CAP GROWTH STOCK FUND

Portfolio Managers

Ÿ Christopher Guinther

Ÿ Joe Ransom, CFA

Ÿ Michael Sansoterra

Ÿ Sandeep Bhatia, PhD, CFA

INVESTMENT CONCERNS

Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes. Common stocks, and funds investing in common stocks, generally provide greater return potential when compared with other types of investments.

Large cap stock can perform differently from other segments of the equity market or the equity market as a whole. Large capitalization companies may be less flexible in evolving markets or unable to implement change as quickly as smaller capitalization companies.

MANAGEMENT DISCUSSIONOF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

For the fiscal year ended March 31, 2012 the RidgeWorth Large Cap Growth Stock Fund I Shares returned 12.12% while the Russell 1000^® Growth Index returned 11.02%. The Fund outperformed the benchmark by 110 basis points. Four of the Fund’s economic sectors returned more than 20% during the fiscal year and stock selection was particularly good in the Health Care and Consumer Staples sectors.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

Last year, extreme market volatility ruled the day with investors following a herd mentality for much of the year. During the first three fiscal quarters of the year, there was a disconnect between company fundamentals and stock prices driven by macro-economic fears. The “risk on” vs. “risk off” trade seen over the last 18 months continued into late 2011 and other non-company specific fundamentals pushed stock price correlation to levels not seen in 80 years. As these correlations lessened in the most recent quarter, stock returns tended to become more differentiated thereby allowing active managers who focus on fundamental research and stock selection, like the RidgeWorth Large Cap Growth investment team, to shine. Growth stocks in particular have posted solid returns.

The Fund’s positive investment results were primarily driven by stock selection. Stock selection was especially good within the Consumer Staples, Materials and Health Care sectors. Many of the stocks that negatively impacted short-term investment performance when the market dramatically declined in the summer of 2011 were held and subsequently turned out to be very strong performers as their earnings growth remained intact. For example, International Paper Co., Visa, Inc., Apple, Inc., Priceline, Inc., Coach, Inc., Monster Beverage Corp., Philip Morris, Inc., Estee Lauder Cos., Inc., Alexion Pharmaceuticals, Inc., Cerner Corp., Allergan, Inc. and Intuitive Surgical, Inc. all rose by more than 20% during the year as they continued to expand their businesses and exceed investor expectations.

How do you plan to position the Fund, based on market conditions?

The portfolio management team does not attempt to position the Fund based on predictions of macro-economic conditions. The strategy utilizes a balanced approach to stock selection. This balanced approach, combined with multi-dimensional risk decomposition tools allows the portfolio managers to control active risk through portfolio construction. The portfolio managers actively monitor the components of the systematic risk and aim to ensure that most of the risk relative to the index is derived from non-systematic (stock specific) risk. Sector rotation and tactical sector allocations are generally not utilized. The portfolio will be relatively sector and characteristic neutral to the index as the investment team attempts to generate alpha through superior, bottom-up stock selection. The team believes that its investment strategy is objective, balanced and designed to enable outperformance in most market cycles.

The Fund will invest in companies with reasonable valuations and improving fundamentals. Generally, the companies invested in will have shown year-over- year increases in operating margins, growth in revenues and

13

LARGE CAP GROWTH STOCK FUND

exhibit improving financial returns as measured by return on incremental invested capital. By combining the income statement, balance sheet and cash flow metrics to evaluate earnings quality, capital efficiency and relative valuations, the portfolio managers avoid concentrating on a single attribute. Therefore, the team seeks to eliminate investment results that are directly attributed to market conditions and thus attempting to add alpha through stock selection.

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Russell 1000^® Growth Index, which measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000^® companies with higher price-to-book ratios and higher forecasted growth values. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.

		Average Annual Total Returns as of 3/31/12
Large Cap Growth Stock Fund		1 Year		3 Year		5 Year		10 Year
A Shares	without sales charge		11.78%		25.11%		5.60%		3.21%
	with sales charge*		5.37%		22.69%		4.36%		2.61%
C Shares	without CDSC		10.97%		24.21%		4.87%		2.59%
	with CDSC*		9.97%		24.21%		4.87%		2.59%
I Shares			12.12%		25.47%		5.91%		3.65%
Russell 1000® Growth Index			11.02%		25.28%		5.10%		4.28%
Prospectus Expense Ratio1								Gross
A Shares									1.36%
C Shares									2.06%
I Shares									1.06%

Because equity markets may be volatile in the short-term, resulting in unusually high or low performance, investors should evaluate long-term performance before making an investment.

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.

¹  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Sector Weightings (as of March 31, 2012)

as a percentage of investments

14

LARGE CAP VALUE EQUITY FUND

Portfolio Manager

Ÿ Mills Riddick, CFA

INVESTMENT CONCERNS

Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.

Value-based investments are subject to the risk that the broad market may not recognize their intrinsic value.

MANAGEMENT DISCUSSION OF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

For the 12-month period ended March 31, 2012, the RidgeWorth Large Cap Value Equity Fund I Shares returned 3.92% compared to a 4.79% return for the Russell 1000^® Value Index.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

The primary reason for our underperformance relative to the benchmark was stock selection in Information Technology and Energy, which detracted from performance. Within Information Technology, Xerox Corp. underperformed over concerns that lower U.S. Federal, local government and corporate spending would lead to lower earnings. Within Energy, Baker Hughes, Inc. underperformed over concerns that weak natural gas prices in North America will negatively impact exploration and production capital expenditures and thus their revenues.

A positive contributor to performance was stock selection in the Materials, Industrials and Consumer Discretionary sectors. In the Materials sector, Airgas, Inc. outperformed as investors gravitated to this name given their later cycle exposure and pure domestic focus. In the Industrials sector, Cummins, Inc. outperformed as heavy duty truck demand remained strong and Cummins continued to gain share as other engine manufacturers could not keep up with demand. Within Consumer Discretionary, Lowe’s Cos., Inc. outperformed owing to rising sentiment from both management’s turnaround efforts plus an improving housing market.

How do you plan to position the Fund, based on market conditions?

We believe that the immediate global economic recovery remains on track and will support higher equity prices. The largest concern on investors’ minds, in our opinion, is the fear of a double dip recession, which appeared in each of the previous two years. We believe that these fears are overblown and the market is quite different than it was in 2010 and 2011. The largest difference in our mind compared to 2010 and 2011 is that housing has turned positive, global rates are lower, stimulative policy initiatives are abundant and employment is improving. This is much different from last year’s circumstances which included the budget impasses, sovereign debt downgrades and the European Central Bank tightening. The biggest intermediate concern has to be the impending 2013 U.S. fiscal challenges which include the expiration of the Bush tax cuts and payroll tax cuts as well as cuts to federal spending. We believe that an agreeable solution will be reached given that 2012 is an election year and that President Obama may be the biggest loser if the resolution process becomes contentious and negatively impacts the equity markets and economy. We believe pro-cyclical trends will continue in the near-term.

During unprecedented times in financial markets, it’s very important that fearful events in the market do not disrupt the execution of a disciplined investment strategy. We will take advantage of market dislocations as they present themselves but only if an investment meets our rigid criteria. We continue to look for low expectations stocks where we believe expectations are too low and will improve in the near future. We feel comfortable owning high quality, easier to understand companies with good products and management teams.

15

LARGE CAP VALUE EQUITY FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Russell 1000^® Value Index, which measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000^® companies with lower price-to-book ratios and lower expected growth values. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.

		Average Annual Total Returns as of 3/31/12
Large Cap Value Equity Fund		1 Year		3 Year		5 Year		10 Year
A Shares	without sales charge		3.58%		21.44%		1.88%		4.86%
	with sales charge*		–2.39%		19.05%		0.69%		4.25%
C Shares	without CDSC		2.86%		20.55%		1.17%		4.13%
	with CDSC*		1.86%		20.55%		1.17%		4.13%
I Shares			3.92%		21.81%		2.19%		5.21%
Russell 1000® Value Index			4.79%		22.82%		–0.81%		4.58%
Prospectus Expense Ratio1								Gross
A Shares									1.13%
C Shares									1.83%
I Shares									0.83%

Because equity markets may be volatile in the short-term, resulting in unusually high or low performance, investors should evaluate long-term performance before making an investment.

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.

¹  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Sector Weightings (as of March 31, 2012)

as a percentage of investments

16

MID-CAP VALUE EQUITY FUND

Portfolio Manager

Ÿ Don Wordell, CFA

INVESTMENT CONCERNS

Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.

Mid capitalization funds typically carry additional risks since smaller companies generally have a higher risk of failure.

Value-based investments are subject to the risk that the broad market may not recognize their intrinsic value.

MANAGEMENT DISCUSSIONOF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

The RidgeWorth Mid-Cap Value Equity Fund I Shares declined 2.33% for the 12-month period ended March 31, 2012, underperforming the Russell Midcap^® Value Index which returned 2.28% for the period.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

Relative results during the period lagged due primarily to a combination of our allocation and stock selection within the Industrials, Financials and Energy sectors. Within Industrials, Bombardier Inc. underperformed given that the company did not see the orders we anticipated for the new C-Series jet airliners. Also, the high speed train crash in China negatively impacted the company’s stock price. Within Financials, Lazard Ltd. underperformed due to European sovereign debt fears and concerns that their mergers & acquisitions and advisory revenue expectations were high. Within the Energy sector, Baker Hughes Inc. underperformed over concerns that weak natural gas prices in North America will negatively impact exploration and production capital expenditures and thus their revenues.

A positive contributor to performance was stock selection in Materials and Health Care. Within Materials, Cabot Corp. outperformed as investors became more confident that the company had pricing power in their carbon black business. Within Health Care, St. Jude Medical Inc. outperformed after the company reported better than expected third quarter results following concerns surrounding one of its Implanted Cardiac Defibrillator leads. Because of this, the company didn’t lose as much market share as feared and the stock outperformed.

How do you plan to position the Fund, based on market conditions?

We believe that the immediate global economic recovery remains on track and will support higher equity prices. The largest concern on investors’ minds, in our opinion, is the fear of a double dip recession, which appeared in each of the previous two years. We believe that these fears are overblown and the market is quite different than it was in 2010 and 2011. The largest difference in our mind compared to 2010 and 2011 is that housing has turned positive, global rates are lower, stimulative policy initiatives are abundant and employment is improving. This is much different from last year’s circumstances which included the budget impasses, sovereign debt downgrades and the European Central Bank tightening. The biggest intermediate concern has to be the impending 2013 U.S. fiscal challenges which include the expiration of the Bush tax cuts and payroll tax cuts as well as cuts to federal spending. We believe that an agreeable solution will be reached given that 2012 is an election year and that President Obama may be the biggest loser if the resolution process becomes contentious and negatively impacts the equity markets and economy. We believe pro-cyclical trends will continue in the near-term.

We will continue to adhere to our Value process, which uncovers stocks that pay dividends, trade at the lower end of their historical valuation and show improving fundamental momentum. The Fund will not abandon or massage the process to capture short-term performance. As history has shown, valuation disconnects tend to revert back to normalcy.

17

MID-CAP VALUE EQUITY FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Russell Midcap^® Value Index, which measures the performance of the mid-cap value segment of the U.S. equity universe. It includes those Russell Midcap Index companies with lower price-to-book ratios and lower forecasted growth values. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.

			Average Annual Total Returns as of 3/31/12
Mid-Cap Value Equity Fund		Inception Date	1 Year		3 Year		5 Year		10 Year		Since Inception
A Shares	without sales charge	10/27/03		–2.63%		27.44%		4.94%		N/A		10.59%
	with sales charge*			–8.23%		24.96%		3.71%		N/A		9.82%
C Shares	without CDSC	11/30/01		–3.32%		26.56%		4.21%		6.61%		7.57%
	with CDSC*			–4.19%		26.56%		4.21%		6.61%		7.57%
I Shares		11/30/01		–2.33%		27.81%		5.25%		7.56%		8.51%
Russell Midcap® Value Index				2.28%		29.18%		1.26%		8.02%		8.93%	**
Prospectus Expense Ratio1											Gross
A Shares												1.35%
C Shares												2.04%
I Shares												1.04%

Because equity markets may be volatile in the short-term, resulting in unusually high or low performance, investors should evaluate long-term performance before making an investment.

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.

** The performance return for the Russell Midcap^® Value Index is for the period from 10/27/03 to 3/31/12.

¹  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Sector Weightings (as of March 31, 2012)

as a percentage of investments

18

SELECT LARGE CAP GROWTH STOCK FUND

Portfolio Managers

Ÿ Christopher Guinther

Ÿ Joe Ransom, CFA

Ÿ Michael Sansoterra

Ÿ Sandeep Bhatia, PhD, CFA

INVESTMENT CONCERNS

Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.

Large cap stock can perform differently from other segments of the equity market or the equity market as a whole. Large capitalization companies may be less flexible in evolving markets or unable to implement change as quickly as smaller capitalization companies.

MANAGEMENT DISCUSSION OF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

For the fiscal year ended March 31, 2012 the RidgeWorth Select Large Cap Growth Stock Fund I Shares returned 7.31% while the Russell 1000^® Growth Index returned 11.02%. The Fund underperformed the benchmark by 371 basis points. Stock selection in Energy, Financials and Technology sectors hampered results.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

Last year, extreme market volatility ruled the day with investors following a herd mentality for much of the year. For most of the year, there was a disconnect between company fundamentals and stock prices driven by macro-economic fears. The “risk on” vs. “risk off” trade seen over the last 18 months continued into late 2011 and other non-company specific fundamentals pushed stock price correlation to levels not seen in 80 years. The mixed macro-economic environment impacted the Fund and benchmark’s absolute investment results.

In the second fiscal quarter, the price of a barrel of oil dropped as weaker global macro-economic data was released causing a rush to sell Energy stock. Many investors believed the U.S. economy was beginning to slip into a double dip recession. The Fund’s holdings in the oil service industry and the independent exploration and production companies were particularly hard hit during this period and have not fully recovered. The Fund’s Energy stocks declined by 22.70% while the benchmark’s (Russell 1000 Growth Index) Energy stocks declined 8.48% for the fiscal year. Within the Technology sector, not owning Microsoft Corp. and IBM Corp., which represent almost 7% of the benchmark and rose by more than 30% in the year, further hampered results. Juniper Networks Inc. also declined in value as their earnings growth did not meet investor expectations. Additionally, Goldman Sachs Inc. and T.Rowe Price Group. lost more than 10% of their value for company specific reasons.

How do you plan to position the Fund, based on market conditions?

The portfolio management team does not attempt to position the Fund based on predictions of macro-economic conditions. The strategy utilizes a balanced approach to stock selection. This balanced approach, combined with multi-dimensional risk decomposition tools allows the portfolio managers to control active risk through portfolio construction. The portfolio managers actively monitor the components of the systematic risk and aim to ensure that most of the risk relative to the index is derived from non-systematic (stock specific) risk. Sector rotation and tactical sector allocations are generally not utilized. The portfolio will be relatively sector and characteristic neutral to the index as the investment team attempts to generate alpha through superior, bottom-up stock selection. The team believes that its investment strategy is objective, balanced and designed to enable outperformance in most market cycles.

The Fund will invest in companies with reasonable valuations and improving fundamentals. Generally, the companies invested in will have shown year- over- year increases in operating margins, growth in revenues and exhibit improving financial returns as measured by return on incremental invested capital. By combining the income statement, balance sheet and cash flow metrics to evaluate earnings quality, capital efficiency and relative valuations, the portfolio managers avoid concentrating on a single attribute. Therefore, the team seeks to eliminate investment results that are directly attributed to market conditions and thus attempting to add alpha through stock selection.

19

SELECT LARGE CAP GROWTH STOCK FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Russell 1000^® Growth Index, which measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000^® companies with higher price-to-book ratios and higher forecasted growth values. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.

		Average Annual Total Returns as of 3/31/12
Select Large Cap Growth Stock Fund		1 Year		3 Year		5 Year		10 Year
A Shares*	without sales charge		6.98%		20.62%		5.13%		3.35%
	with sales charge**		0.84%		18.27%		3.90%		2.75%
C Shares	without CDSC		6.24%		19.75%		4.38%		2.57%
	with CDSC**		5.24%		19.75%		4.38%		2.57%
I Shares			7.31%		20.94%		5.44%		3.62%
Russell 1000® Growth Index			11.02%		25.28%		5.10%		4.28%
Prospectus Expense Ratio1								Gross
A Shares									1.29%
C Shares									1.99%
I Shares									0.99%

Because equity markets may be volatile in the short-term, resulting in unusually high or low performance, investors should evaluate long-term performance before making an investment.

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Shares were offered beginning on 10/14/03. The performance shown prior to such date is based on the performance of the I Shares of the Fund, and has not been adjusted to reflect A Share expenses. If it had been, performance would have been lower.

** Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.

¹  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Sector Weightings (as of March 31, 2012)

as a percentage of investments

20

SMALL CAP GROWTH STOCK FUND

Portfolio Managers

Ÿ Christopher Guinther

Ÿ Joe Ransom, CFA

Ÿ Michael Sansoterra

Ÿ Sandeep Bhatia, PhD, CFA

INVESTMENT CONCERNS

Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.

Small capitalization funds typically carry additional risks since smaller companies generally have a higher risk of failure.

MANAGEMENT DISCUSSIONOF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

For the fiscal year ended March 31, 2012 the RidgeWorth Small Cap Growth Stock Fund I Shares returned 0.23% while the Russell 2000^® Growth Index returned 0.68%. The Fund slightly underperformed the benchmark by 45 basis points. The Fund had particularly good stock selection in the Health Care, Industrials, Technology and Materials sectors relative the Russell 2000 Growth Index.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

Last year, extreme market volatility ruled the day with investors following a herd mentality for much of the year. During the first three fiscal quarters of the year, there was a disconnect between company fundamentals and stock prices driven by macro-economic fears. The “risk on” vs. “risk off” trade seen over the last 18 months continued into late 2011 and other non-company specific fundamentals pushed stock price correlation to levels not seen in 80 years resulting in an extremely difficult investment environment.

Health Care, Industrials, Technology and Materials sector weights represent more than fifty-nine percent of the Fund’s holdings. These sectors outperformed their benchmark peer sectors for the year with Technology stocks adding the most relative value. The Fund owned several Technology stocks that were acquired at significant premiums during the year. For example, CenturyLink Inc. announced the acquisition of Savvis Inc. for an 11% premium to its previous days close; NCR Corp. acquired Radiant Systems Inc. for a 28% premium to its previous days close; Oracle Corp. announced its acquisition of RightNow Inc. at a 21% premium to its previous days close; and SAP AG announced it was acquiring SuccessFactors Inc. at a 52% premium to its previous days close.

How do you plan to position the Fund, based on market conditions?

The portfolio management team does not attempt to position the Fund based on predictions of macro-economic conditions. The strategy utilizes a balanced approach to stock selection. This balanced approach, combined with multi-dimensional risk decomposition tools allows the portfolio managers to control active risk through portfolio construction. The portfolio managers actively monitor the components of the systematic risk and aim to ensure that most of the risk relative to the index is derived from non-systematic (stock specific) risk. Sector rotation and tactical sector allocations are deemphasized. The portfolio will be relatively sector and characteristic neutral relative to the Russell 2000 Growth Index as the investment team attempts to generate alpha through bottom-up stock selection. The team believes that its investment strategy is objective, balanced and designed to enable outperformance in most market cycles.

The Fund will invest in companies with reasonable valuations and improving fundamentals. Generally, the companies invested in will have shown year-over-year increases in operating margins, growth in revenues and exhibit improving financial returns as measured by return on incremental invested capital. By combining the income statement, balance sheet and cash flow metrics to evaluate earnings quality, capital efficiency and relative valuations, the portfolio managers avoid concentrating on a single attribute. Therefore, the team seeks to eliminate investment results that are directly attributed to market conditions and thus attempting to add alpha through stock selection.

21

SMALL CAP GROWTH STOCK FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Russell 2000^® Growth Index, which measures the performance of the small-cap growth segment of the U.S. equity universe. It includes those Russell 2000^® companies with higher price-to-book ratios and higher forecasted growth values. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.

		Average Annual Total Returns as of 3/31/12
Small Cap Growth Stock Fund		1 Year		3 Year		5 Year		10 Year
A Shares	without sales charge		–0.06%		26.04%		3.09%		5.48%
	with sales charge*		–5.82%		23.59%		1.87%		4.85%
C Shares	without CDSC		–0.71%		25.13%		2.38%		4.77%
	with CDSC*		–1.71%		25.13%		2.38%		4.77%
I Shares			0.23%		26.41%		3.40%		5.82%
Russell 2000® Growth Index			0.68%		28.36%		4.15%		6.00%
Prospectus Expense Ratio1								Gross
A Shares									1.53%
C Shares									2.23%
I Shares									1.23%

Because equity markets may be volatile in the short-term, resulting in unusually high or low performance, investors should evaluate long-term performance before making an investment.

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.

¹  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Sector Weightings (as of March 31, 2012)

as a percentage of investments

22

SMALL CAP VALUE EQUITY FUND

Portfolio Manager

Ÿ Brett Barner, CFA

INVESTMENT CONCERNS

Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this Fund will fluctuate as the value of the securities in the portfolio changes.

Small capitalization funds typically carry additional risks since smaller companies generally have a higher risk of failure.

Value-based investments are subject to the risk that the broad market may not recognize their intrinsic value.

MANAGEMENT DISCUSSIONOF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

For the 12-month period ended March 31, 2012, the RidgeWorth Small Cap Value Equity Fund I Shares returned 1.15% versus -1.07% for the Russell 2000^® Value Index.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

The primary reason for outperformance relative to the index was stock selection in the Materials, Health Care and Energy sectors. In Materials, Valspar Corp. outperformed on optimism that housing was improving. Within Health Care, Cooper Cos. outperformed owing to better than expected second quarter earnings results and becoming more attractive versus peers because the company has no reimbursement risk. Within the Energy sector, CARBO Ceramics Inc. outperformed as the stock recovered from an oversold position and optimism that issues regarding their logistics were abating.

Detractors from performance were stock selection in the Information Technology sector and our underweight position in the Utilities sector. Within the Information Technology sector, Aixtron SE underperformed since the light emitting diode (LED) space is going through a downturn mainly due to China cutting stimulus funding.

How do you plan to position the Fund, based on market conditions?

We believe that the immediate global economic recovery remains on track and will support higher equity prices. The largest concern on investors’ minds, in our opinion, is the fear of a double dip recession, which appeared in each of the previous two years. We believe that these fears are overblown and the market is quite different than it was in 2010 and 2011. The largest difference in our mind compared to 2010 and 2011 is that housing has turned positive, global rates are lower, stimulative policy initiatives are abundant and employment is improving. This is much different from last year’s circumstances which included the budget impasses, sovereign debt downgrades and the European Central Bank tightening. The biggest intermediate concern has to be the impending 2013 U.S. fiscal challenges which include the expiration of the Bush tax cuts and payroll tax cuts as well as cuts to federal spending. We believe that an agreeable solution will be reached given that 2012 is an election year and that President Obama may be the biggest loser if the resolution process becomes contentious and negatively impacts the equity markets and economy. We believe pro-cyclical trends will continue in the near-term.

The Fund will continue to utilize its bottom-up approach to stock selection. The process seeks dividend paying stocks trading at the lower end of their historical trading ranges which show improving fundamental momentum. The Fund does not make active sector allocations but allows the process to define sector weights.

Effective April 20, 2012, the Small Cap Value Equity Fund was closed to new investors.

23

SMALL CAP VALUE EQUITY FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Russell 2000^® Value Index, which measures the performance of small-cap value segment of the U.S. equity universe. It includes those Russell 2000^® companies with lower price-to-book ratios and lower forecasted growth values. The index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.

		Average Annual Total Returns as of 3/31/12
Small Cap Value Equity Fund		1 Year		3 Year		5 Year		10 Year
A Shares*	without sales charge		0.81%		25.24%		4.06%		9.85%
	with sales charge**		-4.96%		22.77%		2.84%		9.21%
C Shares	without CDSC		0.12%		24.35%		3.54%		9.37%
	with CDSC**		-0.82%		24.35%		3.54%		9.37%
I Shares			1.15%		25.61%		4.37%		10.14%
Russell 2000® Value Index			-1.07%		25.36%		0.01%		6.59%
Prospectus Expense Ratio1								Gross
A Shares									1.52%
C Shares									2.21%
I Shares									1.21%

Because equity markets may be volatile in the short-term, resulting in unusually high or low performance, investors should evaluate long-term performance before making an investment.

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Shares were offered beginning 10/9/03. The performance shown prior to such date is based on the performance of the I Shares of the Fund, and has not been adjusted to reflect A Share expenses. If it had been, performance would have been lower.

** Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.

¹  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Sector Weightings (as of March 31, 2012)

as a percentage of investments

24

AGGRESSIVE GROWTH ALLOCATION STRATEGY

Portfolio Manager

Ÿ Alan Gayle

INVESTMENT CONCERNS

Stocks are more volatile and carry more risk and return potential than other forms of investments. Bonds offer a relatively stable level of income, although bond prices will fluctuate, providing the potential for principal gain or loss. Cash equivalents offer low risk and low return potential.

MANAGEMENT DISCUSSIONOF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

The RidgeWorth Aggressive Growth Allocation Strategy I Shares returned 13.03% in the first quarter of 2012 versus 12.46% for the Lipper Multi-Cap Core Category. The benchmark (S&P 500 Index) (the “Index”) returned 12.59% during the quarter. For the twelve months ended March 31, 2012, the Fund returned 0.89% versus 2.95% for its Lipper category, while the Index returned 8.54%.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

For the first quarter, the Fund’s relative performance benefited from a moderate overweight in equities as well as exposure to mid-caps, and international equities, particularly emerging markets. Returns also benefited from strong relative performance from several RidgeWorth Funds, particularly in the large cap space. Exposure to small cap equities and the gold mining exchange traded fund (ETF) were modest detractors to total returns versus the Index.

For the full trailing year, relative total performance was hampered by exposure to international and emerging market equities, the gold mining ETF, as well as selected Funds which lagged their respective benchmarks.

How do you plan to position the Fund, based on market conditions?

Looking forward, our slow growth and low inflation thesis remains intact and we see selected equity opportunities in 2012 and beyond, despite elevated risks. We are encouraged by the strong balance sheets, substantial cash positions, sizable free cash flows and lean inventories of major companies and see further support from relatively low inflation and an accommodative Federal Reserve policy. We believe equities have further upside potential based on our expectation of further growth in corporate profits against a backdrop of attractive valuations.

Given the domestic backdrop versus international uncertainties, we currently favor domestic equities over international, and, given the overhang of Greek, Spanish and Italian and periphery countries financial conditions, we favor emerging markets over developed international markets due to their potentially higher growth prospects given large austerity programs. We are currently very mindful regarding changes in developed Europe economic landscapes, tensions between Israel and Iran, North Korean nuclear ambitions, possible escalation of Syrian civil conflict and its unsettling effects in the Middle East and subsequent impact on oil prices, and the continuation of synchronized Central Bank and European Central Bank accommodation. Domestically, we are equally mindful of the need to handicap the expiration of tax cuts, the continued “uncertainty of outlook” referenced by Chairman Bernanke, the prospect for a third quantitative easing program (QE3), changes in health care laws, the state of the nascent housing recovery, muted employment growth versus prior-cyclical upturns, the upcoming U.S. Presidential election, which could fundamentally change the economic outlook quickly and substantially, the dampening impact of increased regulations, as well as the impact of higher gasoline prices on a slowly recovering consumer. Given the natural and perennial uncertainties, we expect at least normal amounts of economic and capital market volatility. We believe asset allocation diversification should be additive to returns, particularly during equity consolidations.

25

AGGRESSIVE GROWTH ALLOCATION STRATEGY

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Standard & Poors 500 Index (“S&P 500”), which is an index of 500 selected common stocks most of which are listed on the New York Stock Exchange, and is a measure of the U.S. Stock market as a whole. The Index is unmanaged and does not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.

		Average Annual Total Returns as of 3/31/12
Aggressive Growth Allocation Strategy		1 Year		3 Year		5 Year		10 Year
A Shares*	without sales charge		0.42%		20.08%		1.22%		4.10%
	with sales charge**		–5.36%		17.71%		0.03%		3.49%
C Shares*	without CDSC		–0.21%		19.32%		0.52%		3.66%
	with CDSC**		–1.19%		19.32%		0.52%		3.66%
I Shares			0.89%		20.55%		1.55%		4.39%
S&P 500 Index			8.54%		23.42%		2.01%		4.12%
Prospectus Expense Ratio1								Gross
A Shares									1.89%
C Shares									2.57%
I Shares									1.57%

Because equity markets may be volatile in the short-term, resulting in unusually high or low performance, investors should evaluate long-term performance before making an investment.

The Adviser has contractually agreed to waive fees and reimburse expenses until at least August 1, 2012 in order to keep total operating expenses (excluding underlying fund fees and expenses) from exceeding 0.50%, 1.20% and 0.20% for A, C and I Shares, respectively. Without these fee waivers, performance would have been lower. The indirect expenses of the Fund, which represent a pro-rata share of the expenses of the underlying funds in which the Fund invests, totaled 1.05% of net assets and are included in the expense ratios listed in the table above.

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Shares and C Shares were offered beginning on 10/16/03 and 4/1/05, respectively. The performance shown prior to such dates is based on performance of the I Shares of the Fund, and has

not been adjusted to reflect A Share or C Share expenses. If it had been, performance would have been lower.

** Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.

¹  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Sector Weightings (as of March 31, 2012)

as a percentage of investments

26

CONSERVATIVE ALLOCATION STRATEGY

Portfolio Manager

Ÿ Alan Gayle

INVESTMENT CONCERNS

Stocks are more volatile and carry more risk and return potential than other forms of investments. Bonds offer a relatively stable level of income, although bond prices will fluctuate, providing the potential for principal gain or loss. Cash equivalents offer low risk and low return potential.

MANAGEMENT DISCUSSIONOF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

The RidgeWorth Conservative Allocation Strategy I Shares returned 4.95% in the first quarter 2012 versus 4.70% for the Lipper Mixed-Asset Target Allocation—Conservative Classification. The Hybrid 30/70 Blend Index (30% S&P 500 Index/70% Barclays Capital U.S. Aggregate Bond Index) (the “Index”) returned 3.89% during the quarter. For the twelve months ended March 31, 2012, the Fund returned 5.61% versus 4.36% for its Lipper category, while the Index returned 8.29%.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

For the first quarter, the Fund’s relative performance benefited from a moderate overweight in equities as well as exposure to mid-caps, international equities, particularly emerging markets and high yield bonds. Returns also benefited from strong relative performance from several RidgeWorth Funds, particularly in the large cap space. Exposure to small cap equities and the gold mining exchange traded fund (ETF) were modest detractors to total returns versus the Index.

For the full trailing year, relative total performance benefited from exposure to longer maturity and intermediate corporate fixed income. Detractors for the full year were broad-based and included exposure to international and emerging market equities, the gold mining ETF, short duration instruments, as well as selected funds which lagged their respective benchmarks.

How do you plan to position the Fund, based on market conditions?

Looking forward, our slow growth and low inflation thesis remains intact and we see selected equity and fixed income opportunities in 2012 and beyond, despite elevated risks. We are encouraged by the strong balance sheets, substantial cash positions, sizable free cash flows and lean inventories of major companies and see further support from relatively low inflation and an accommodative Federal Reserve policy. We continue to favor equities over bonds given what we believe are unsustainably low Treasury yields and our expectation of further growth in corporate profits against a backdrop of attractive valuations.

Given the domestic backdrop versus international uncertainties, we currently favor domestic equities over international, and, given the overhang of Greek, Spanish and Italian and periphery countries financial conditions, we favor emerging markets over developed international markets due to their potentially higher growth prospects given large austerity programs. We are currently very mindful regarding changes in developed Europe economic landscapes, tensions between Israel and Iran, North Korean nuclear ambitions, possible escalation of Syrian civil conflict and its unsettling effects in the Middle East and subsequent impact on oil prices, and the continuation of synchronized Central Bank and European Central Bank accommodation. Domestically, we are equally mindful of the need to handicap the expiration of tax cuts, the continued “uncertainty of outlook” referenced by Chairman Bernanke, the prospect for a third quantitative easing program (QE3), changes in health care laws, the state of the nascent housing recovery, muted employment growth versus prior-cyclical upturns, the upcoming U.S. Presidential election, which could fundamentally change the economic outlook quickly and substantially, the dampening impact of increased regulations, as well as the impact of higher gasoline prices on a slowly recovering consumer. Given the natural and perennial uncertainties, we expect at least normal amounts of economic and capital market volatility. We believe asset allocation diversification should be additive to returns, particularly during equity consolidations.

27

CONSERVATIVE ALLOCATION STRATEGY

Growth of $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/11/03 (the inception date). Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Hybrid 30/70 Blend Index. The Standard & Poors 500 Index (“S&P 500”) is widely regarded as a gauge of the U.S. equities market. This index includes 500 leading companies in leading industries of the U.S. economy. Although the S&P 500 focuses on the large cap segment of the market, with approximately 75% coverage of U.S. equities, it is also an ideal proxy for the total market. The Barclays Capital U.S. Aggregate Bond Index is a measure of the overall performance of the U.S. bond market. These indices are unmanaged and do not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.

			Average Annual Total Returns as of 3/31/12
Conservative Allocation Strategy		Inception Date	1 Year		3 Year		5 Year		Since Inception
A Shares*	without sales charge	03/11/03		5.32%		11.25%		5.77%		6.08%
	with sales charge**			0.33%		9.46%		4.75%		5.51%
C Shares*	without CDSC	03/11/03		4.56%		10.46%		5.03%		5.58%
	with CDSC**			3.56%		10.46%		5.03%		5.58%
I Shares*		03/11/03		5.61%		11.58%		6.10%		6.38%
Hybrid 30/70 Blend Index (30% of the S&P 500 Index, 70% of the Barclays Capital U.S. Aggregate Bond Index)				8.29%		11.91%		5.36%		6.23%	1
S&P 500 Index				8.54%		23.42%		2.01%		7.98%	1
Barclays Capital U.S. Aggregate Bond Index				7.71%		6.83%		6.25%		5.11%	1
Prospectus Expense Ratio2									Gross
A Shares										1.47%
C Shares										2.16%
I Shares										1.17%

Because equity markets may be volatile in the short-term, resulting in unusually high or low performance, investors should evaluate long-term performance before making an investment.

The Adviser has contractually agreed to waive fees and reimburse expenses until at least August 1, 2012 in order to keep total operating expenses (excluding underlying fund fees and expenses) from exceeding 0.50%, 1.20% and 0.20% for A, C and I Shares, respectively. Without these fee waivers, performance would have been lower. The indirect expenses of the Fund, which represent a pro-rata share of the expenses of the underlying funds in which the Fund invests, totaled 0.51% of net assets and are included in the expense ratios listed in the table above.

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Shares, C Shares and I Shares were offered beginning on 11/11/03, 4/1/05, and 11/6/03, respectively. The performance shown prior to such dates is based on performance of the B Shares of the Fund, and has not been adjusted to reflect A Share, C Share or I Share expenses. If it had been, performance for C Shares would have been lower. Effective close of business on 7/16/10, B Shares converted into A Shares.

** Class A Share performance reflects the maximum front-end sales charge of 4.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.

¹  The performance returns and the hypothetical $10,000 investments for the Hybrid 30/70 Blend Index, S&P 500 Index and Barclays Capital U.S. Aggregate Bond Index are for the period from 2/28/03 to 3/31/12.

²  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Sector Weightings (as of March 31, 2012)

as a percentage of investments

28

GROWTH ALLOCATION STRATEGY

Portfolio Manager

Ÿ Alan Gayle

INVESTMENT CONCERNS

Stocks are more volatile and carry more risk and return potential than other forms of investments. Bonds offer a relatively stable level of income, although bond prices will fluctuate, providing the potential for principal gain or loss. Cash equivalents offer low risk and low return potential.

MANAGEMENT DISCUSSIONOF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

The RidgeWorth Growth Allocation Strategy I Shares returned 9.98% in the first quarter of 2012 versus 9.00% for the Lipper Mixed-Asset Target Allocation—Growth Classification. The Hybrid 70/30 Blend Index (70% S&P 500 Index/30% Barclays Capital U.S. Aggregate Bond Index) (the “Index”) returned 8.80% during the quarter. For the twelve months ended March 31, 2012, the Fund returned 3.06% versus 3.18% for its Lipper category, while the Index returned 8.62%.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

For the first quarter, the Fund’s relative performance benefited from a moderate overweight in equities as well as exposure to mid-caps, international equities, particularly emerging markets and high yield bonds. Returns also benefited from strong relative performance from several RidgeWorth Funds, particularly in the large cap space. Exposure to small cap equities and the gold mining exchange traded fund (ETF) were modest detractors to total returns versus the Index.

For the full trailing year, relative total performance benefited from exposure to longer maturity and intermediate corporate fixed income. Detractors for the full year were broad-based and included exposure to international and emerging market equities, the gold mining ETF, short duration instruments, as well as selected Funds which lagged their respective benchmarks.

How do you plan to position the Fund, based on market conditions?

Looking forward, our slow growth and low inflation thesis remains intact and we see selected equity and fixed income opportunities in 2012 and beyond, despite elevated risks. We are encouraged by the strong balance sheets, substantial cash positions, sizable free cash flows and lean inventories of major companies and see further support from relatively low inflation and an accommodative Federal Reserve policy. We continue to favor equities over bonds given what we believe are unsustainably low Treasury yields and our expectation of further growth in corporate profits against a backdrop of attractive valuations.

Given the domestic backdrop versus international uncertainties, we currently favor domestic equities over international, and, given the overhang of Greek, Spanish and Italian and periphery countries financial conditions, we favor emerging markets over developed international markets due to their potentially higher growth prospects given large austerity programs. We are currently very mindful regarding changes in developed Europe economic landscapes, tensions between Israel and Iran, North Korean nuclear ambitions, possible escalation of Syrian civil conflict and its unsettling effects in the Middle East and subsequent impact on oil prices, and the continuation of synchronized Central Bank and European Central Bank accommodation. Domestically, we are equally mindful of the need to handicap the expiration of tax cuts, the continued “uncertainty of outlook” referenced by Chairman Bernanke, the prospect for a third quantitative easing program (QE3), changes in health care laws, the state of the nascent housing recovery, muted employment growth versus prior-cyclical upturns, the upcoming U.S. Presidential election, which could fundamentally change the economic outlook quickly and substantially, the dampening impact of increased regulations, as well as the impact of higher gasoline prices on a slowly recovering consumer. Given the natural and perennial uncertainties, we expect at least normal amounts of economic and capital market volatility. We believe asset allocation diversification should be additive to returns, particularly during equity consolidations.

29

GROWTH ALLOCATION STRATEGY

Growth of $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Hybrid 70/30 Blend Index. The Standard & Poors 500 Index (“S&P 500”) is widely regarded as a gauge of the U.S. equities market. This index includes 500 leading companies in leading industries of the U.S. economy. Although the S&P 500 focuses on the large cap segment of the market, with approximately 75% coverage of U.S. equities, it is also an ideal proxy for the total market. The Barclays Capital U.S. Aggregate Bond Index is a measure of the overall performance of the U.S. bond market. These indices are unmanaged and do not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.

		Average Annual Total Returns as of 3/31/12
Growth Allocation Strategy		1 Year		3 Year		5 Year		10 Year
A Shares*	without sales charge		2.76%		16.99%		3.15%		5.08%
	with sales charge**		–3.13%		14.68%		1.93%		4.46%
C Shares*	without CDSC		2.03%		16.16%		2.39%		4.55%
	with CDSC**		1.03%		16.16%		2.39%		4.55%
I Shares			3.06%		17.31%		3.44%		5.35%
Hybrid 70/30 Blend Index (70% of the S&P 500 Index, 30% of the Barclays Capital U.S. Aggregate Bond Index)			8.62%		18.56%		3.67%		4.93%
S&P 500 Index			8.54%		23.42%		2.01%		4.12%
Barclays Capital U.S. Aggregate Bond Index			7.71%		6.83%		6.25%		5.80%
Prospectus Expense Ratio1								Gross
A Shares									1.50%
C Shares									2.20%
I Shares									1.20%

Because equity markets may be volatile in the short-term, resulting in unusually high or low performance, investors should evaluate long-term performance before making an investment.

The Adviser has contractually agreed to waive fees and reimburse expenses until at least August 1, 2012 in order to keep total operating expenses (excluding underlying fund fees and expenses) from exceeding 0.50%, 1.20% and 0.20% for the A, C and I Shares, respectively. Without these fee waivers, performance would have been lower. The indirect expenses of the Fund, which represent a pro-rata share of the expenses of the underlying funds in which the Fund invests, totaled 0.89% of net assets and are included in the expense ratios listed in the table above.

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Shares and C Shares were offered beginning on 11/05/03 and 4/05/05, respectively. The performance shown prior to such dates is based on performance of the I Shares of the Fund, and has not been adjusted to reflect A Share and C Share expenses. If it had been, performance would have been lower.

** Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.

¹  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Sector Weightings (as of March 31, 2012)

as a percentage of investments

30

MODERATE ALLOCATION STRATEGY

Portfolio Manager

Ÿ Alan Gayle

INVESTMENT CONCERNS

Stocks are more volatile and carry more risk and return potential than other forms of investments. Bonds offer a relatively stable level of income, although bond prices will fluctuate, providing the potential for principal gain or loss. Cash equivalent offer low risk and low return potential.

MANAGEMENT DISCUSSIONOF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

The RidgeWorth Moderate Allocation Strategy I Shares returned 7.62% in the first quarter of 2012 versus 7.34% for the Lipper Mixed-Asset Target Allocation—Moderate Classification. The Hybrid 50/50 Blend Index (50% S&P 500 Index/50% Barclays Capital U.S. Aggregate Bond Index) (the “Index”) returned 6.33% during the quarter. For the twelve months ended March 31, 2012, the Fund returned 4.63% versus 3.84% for its Lipper category, while the Index returned 8.51%.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

For the first quarter, the Fund’s relative performance benefited from a moderate overweight in equities as well as exposure to mid-caps, international equities, particularly emerging markets and high yield bonds. Returns also benefited from strong relative performance from several RidgeWorth Funds, particularly in the large cap space. Exposure to small cap equities and the gold mining exchange traded fund (ETF) were modest detractors to total returns versus the Index.

For the full trailing year, relative total performance benefited from exposure to longer maturity and intermediate corporate fixed income. Detractors for the full year were broad-based and included exposure to international and emerging market equities, the gold mining ETF, short duration instruments, as well as selected Funds which lagged their respective benchmarks.

How do you plan to position the Fund, based on market conditions?

Looking forward, our slow growth and low inflation thesis remains intact and we see selected equity and fixed income opportunities in 2012 and beyond, despite elevated risks. We are encouraged by the strong balance sheets, substantial cash positions, sizable free cash flows and lean inventories of major companies and see further support from relatively low inflation and an accommodative Federal Reserve policy. We continue to favor equities over bonds given what we believe are unsustainably low Treasury yields and our expectation of further growth in corporate profits against a backdrop of attractive valuations.

Given the domestic backdrop versus international uncertainties, we currently favor domestic equities over international, and, given the overhang of Greek, Spanish and Italian and periphery countries financial conditions, we favor emerging markets over developed international markets due to their potentially higher growth prospects given large austerity programs. We are currently very mindful regarding changes in developed Europe economic landscapes, tensions between Israel and Iran, North Korean nuclear ambitions, possible escalation of Syrian civil conflict and its unsettling effects in the Middle East and subsequent impact on oil prices, and the continuation of synchronized Central Bank and European Central Bank accommodation. Domestically, we are equally mindful of the need to handicap the expiration of tax cuts, the continued “uncertainty of outlook” referenced by Chairman Bernanke, the prospect for a third quantitative easing program (QE3), changes in health care laws, the state of the nascent housing recovery, muted employment growth versus prior-cyclical upturns, the upcoming U.S. Presidential election, which could fundamentally change the economic outlook quickly and substantially, the dampening impact of increased regulations, as well as the impact of higher gasoline prices on a slowly recovering consumer. Given the natural and perennial uncertainties, we expect at least normal amounts of economic and capital market volatility. We believe asset allocation diversification should be additive to returns, particularly during equity consolidations.

31

MODERATE ALLOCATION STRATEGY

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Hybrid 50/50 Blend Index. The Standard & Poors 500 Index (“S&P 500’’) is widely regarded as a gauge of the U.S. equities market. This index includes 500 leading companies in leading industries of the U.S. economy. Although the S&P 500 focuses on the large cap segment of the market with approximately 75% coverage of U.S. equities, it is also an ideal proxy for the total market. The Barclays Capital U.S. Aggregate Bond Index is a measure of the overall performance of the U.S. bond market. These indices are unmanaged and do not reflect the deduction of fees, such as investment and fund accounting fees, associated with a mutual fund. Investors cannot invest directly in an index.

		Average Annual Total Returns as of 3/31/12
Moderate Allocation Strategy		1 Year		3 Year		5 Year		10 Year
A Shares*	without sales charge		4.33%		14.42%		4.27%		5.36%
	with sales charge**		–1.71%		12.20%		3.05%		4.74%
C Shares*	without CDSC		3.60%		13.60%		3.53%		4.85%
	with CDSC**		2.60%		13.60%		3.53%		4.85%
I Shares			4.63%		14.77%		4.59%		5.62%
Hybrid 50/50 Blend Index (50% of the Barclays Capital U.S. Aggregate Bond Index, 50% of the S&P 500 Index )			8.51%		15.26%		4.59%		5.32%
S&P 500 Index			8.54%		23.42%		2.01%		4.12%
Barclays Capital U.S. Aggregate Bond Index			7.71%		6.83%		6.25%		5.80%
Prospectus Expense Ratio1								Gross
A Shares									1.28%
C Shares									1.98%
I Shares									0.98%

Because equity markets may be volatile in the short-term, resulting in unusually high or low performance, investors should evaluate long-term performance before making an investment.

The Adviser has contractually agreed to waive fees and reimburse expenses until at least August 1, 2012 in order to keep total operating expenses (excluding underlying fund fees and expenses) from exceeding 0.50%, 1.20% and 0.20% for A, C and I Shares, respectively. Without these fee waivers, performance would have been lower. The indirect expenses of the Fund, which represent a pro-rata share of the expenses of the underlying funds in which the Fund invests, totaled 0.75% of net assets and are included in the expense ratios listed in the table above.

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Shares and C Shares were offered beginning on 10/10/03 and 4/5/05, respectively. The performance shown prior to such

dates is based on performance of the I Shares of the Fund, and has not been adjusted to reflect A Share and C Share expenses. If it had been, performance would have been lower.

** Class A Share performance reflects the maximum front-end sales charge of 5.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.

¹  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Sector Weightings (as of March 31, 2012)

as a percentage of investments

32

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Aggressive Growth Stock Fund

	Shares		Value($)
Common Stocks (100.6%)
Consumer Discretionary (23.1%)
Amazon.com, Inc.*		20,200		4,090,702
Blue Nile, Inc.*(a)		14,800		488,104
Chipotle Mexican Grill, Inc.*		4,500		1,881,000
Deckers Outdoor Corp.*		21,400		1,349,270
Lululemon Athletica, Inc.*		36,700		2,740,756
Michael Kors Holdings Ltd.*		17,400		810,666
Netflix, Inc.*		14,700		1,691,088
Nordstrom, Inc.		30,600		1,705,032
Priceline.com, Inc.*		5,400		3,874,500
Tesla Motors, Inc.*		45,700		1,701,868
Vera Bradley, Inc.*		30,600		923,814
				21,256,800
Energy (10.8%)
Berry Petroleum Co., Cl A		55,300		2,606,289
Energy XXI Bermuda Ltd.*		61,600		2,224,376
FMC Technologies, Inc.*		20,000		1,008,400
Pioneer Natural Resources Co.		16,600		1,852,394
SandRidge Energy, Inc.*(a)		136,400		1,068,012
Whiting Petroleum Corp.*		21,500		1,167,450
				9,926,921
Financials (5.4%)
BlackRock, Inc.		8,000		1,639,200
Financial Engines, Inc.*		59,400		1,328,184
Green Dot Corp., Cl A*		13,250		351,390
Portfolio Recovery Associates, Inc.*		22,700		1,628,044
				4,946,818
Health Care (12.7%)
Celgene Corp.*		17,400		1,348,848
Dendreon Corp.*		38,300		408,087
HMS Holdings Corp.*		59,300		1,850,753
Human Genome Sciences, Inc.*(a)		41,300		340,312
Intuitive Surgical, Inc.*		3,500		1,896,125
IPC The Hospitalist Co.*		14,200		524,122
MAKO Surgical Corp.*		36,300		1,530,045
Salix Pharmaceuticals Ltd.*		30,600		1,606,500
SXC Health Solutions Corp.*		23,200		1,739,072
Vertex Pharmaceuticals, Inc.*		11,000		451,110
				11,694,974
Industrials (6.9%)
Alaska Air Group, Inc.*		25,000		895,500
Joy Global, Inc.		16,400		1,205,400
Polypore International, Inc.*		30,000		1,054,800
Precision Castparts Corp.		18,400		3,181,360
				6,337,060

	Shares		Value($)
Information Technology (40.7%)
Acme Packet, Inc.*		63,400		1,744,768
Alliance Data Systems Corp.*(a)		7,300		919,508
Altera Corp.		15,000		597,300
Apple, Inc.*		6,900		4,136,343
Aruba Networks, Inc.*		40,000		891,200
Cognizant Technology Solutions Corp., Cl A*		64,500		4,963,275
EMC Corp.*		80,200		2,396,376
F5 Networks, Inc.*		30,000		4,048,800
Google, Inc., Cl A*		5,400		3,462,696
LinkedIn Corp., Cl A*(a)		9,200		938,308
MercadoLibre, Inc.		34,200		3,344,418
Mitek Systems, Inc.*		42,700		495,320
OpenTable, Inc.*		39,100		1,582,377
QUALCOMM, Inc.		47,800		3,251,356
Skyworks Solutions, Inc.*		52,400		1,448,860
VeriFone Systems, Inc.*		50,000		2,593,500
Zillow, Inc.*		17,900		637,061
				37,451,466
Telecommunication Services (1.0%)
tw telecom, Inc.*		40,300		893,048
Total Common Stocks (Cost $56,380,850)				92,507,087
Short-Term Investment (3.1%)
RidgeWorth Funds Securities Lending Joint Account(b)		2,808,230		2,808,230
Total Short-Term Investment (Cost $2,808,230)				2,808,230
Total Investments (Cost $59,189,080) — 103.7%				95,315,317
Liabilities in excess of other assets — (3.7)%				(3,381,106	)
Net Assets — 100.0%			$	91,934,211

* Non-income producing security.

(a) The security or a partial position of the security was on loan as of March 31, 2012. The total value of securities on loan as of March 31, 2012 was $2,741,351.

(b) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2012 (See Note 2).

See Notes to Financial Statements.

33

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Emerging Growth Stock Fund^†

	Shares		Value($)
Common Stocks (98.2%)
Consumer Discretionary (20.7%)
Chipotle Mexican Grill, Inc.*		1,200		501,600
Deckers Outdoor Corp.*		3,800		239,590
HomeAway, Inc.*(a)		8,700		220,719
Lululemon Athletica, Inc.*		6,100		455,548
Michael Kors Holdings Ltd.*		600		27,954
Netflix, Inc.*		3,700		425,648
Tesla Motors, Inc.*		13,900		517,636
Vera Bradley, Inc.*		7,100		214,349
				2,603,044
Energy (10.3%)
Berry Petroleum Co., Cl A		10,000		471,300
Energy XXI Bermuda Ltd.*		14,500		523,595
McMoRan Exploration Co.*(a)		16,800		179,760
SandRidge Energy, Inc.*		16,400		128,412
				1,303,067
Financials (6.9%)
Financial Engines, Inc.*		19,300		431,548
Portfolio Recovery Associates, Inc.*		6,100		437,492
				869,040
Health Care (20.9%)
Dendreon Corp.*		25,300		269,571
HMS Holdings Corp.*		17,600		549,296
Human Genome Sciences, Inc.*(a)		11,100		91,464
IPC The Hospitalist Co.*		7,700		284,207
MAKO Surgical Corp.*		11,700		493,155
Nektar Therapeutics*(a)		8,400		66,528
Salix Pharmaceuticals Ltd.*		5,600		294,000
SXC Health Solutions Corp.*		7,000		524,720
Vertex Pharmaceuticals, Inc.*		1,500		61,515
				2,634,456
Industrials (4.4%)
Alaska Air Group, Inc.*		4,600		164,772
Polypore International, Inc.*		11,100		390,276
				555,048
Information Technology (35.0%)
Acme Packet, Inc.*		14,000		385,280
Alliance Data Systems Corp.*(a)		1,000		125,960
Aruba Networks, Inc.*		17,000		378,760
F5 Networks, Inc.*		5,000		674,800
LinkedIn Corp., Cl A*		2,100		214,179

	Shares		Value($)
Information Technology—continued
MercadoLibre, Inc.		5,200		508,508
Mitek Systems, Inc.*		39,900		462,840
OpenTable, Inc.*		5,000		202,350
Skyworks Solutions, Inc.*		19,000		525,350
VeriFone Systems, Inc.*		8,800		456,456
Zillow, Inc.*		13,400		476,906
				4,411,389
Total Common Stocks (Cost $8,875,115)				12,376,044
Short-Term Investment (5.5%)
RidgeWorth Funds Securities Lending Joint Account(b)		696,138		696,138
Total Short-Term Investment (Cost $696,138)				696,138
Money Market Fund (1.9%)
State Street Institutional Liquid Reserves Fund, Institutional Class, 0.23%(c)		232,277		232,277
Total Money Market Fund (Cost $232,277)				232,277
Total Investments (Cost $9,803,530) — 105.6%				13,304,459
Liabilities in excess of other assets — (5.6)%				(702,464	)
Net Assets — 100.0%			$	12,601,995

† Effective close of business on April 27, 2012, the Fund merged into Aggressive Growth Stock Fund (See Note 9).

* Non-income producing security.

(a) The security or a partial position of the security was on loan as of March 31, 2012. The total value of securities on loan as of March 31, 2012 was $674,918.

(b) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2012 (See Note 2).

(c) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

See Notes to Financial Statements.

34

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

International Equity Fund

	Shares		Value($)
Common Stocks (96.1%)
Australia (2.8%)
Australia & New Zealand Banking Group Ltd.		141,990		3,421,088
Bradken Ltd.		195,118		1,734,129
National Australia Bank Ltd.		86,650		2,208,007
				7,363,224
Austria (1.6%)
OMV AG		83,684		2,974,388
Voestalpine AG		40,012		1,345,573
				4,319,961
Belgium (2.0%)
Anheuser-Busch InBev NV		71,225		5,203,703
Brazil (0.6%)
Gerdau SA SP ADR		175,724		1,692,222
Canada (0.5%)
Potash Corp. of Saskatchewan, Inc.		28,711		1,311,805
China (0.7%)
Minth Group Ltd.		1,720,000		1,993,420
France (12.7%)
BNP Paribas		81,799		3,881,065
Cap Gemini SA		47,762		2,137,777
Compagnie Generale de Geophysique-Veritas*		93,138		2,756,400
Publicis Groupe SA		77,345		4,263,912
Renault SA		44,306		2,335,568
Sanofi-Aventis		44,686		3,470,374
Schlumberger Ltd.		35,706		2,496,921
Total SA		107,529		5,484,052
Valeo SA		41,099		2,155,276
Vinci SA		57,547		3,000,941
Vivendi SA		106,979		1,963,247
				33,945,533
Germany (13.3%)
Adidas AG		32,600		2,545,238
Allianz SE		27,233		3,249,608
BASF SE		72,292		6,323,913
Deutsche Bank AG		77,859		3,873,771
Deutsche Lufthansa AG		156,186		2,186,163
Deutsche Post AG		146,848		2,827,111
Fresenius SE		29,262		3,000,764
Infineon Technologies AG		209,069		2,137,551
MAN SE		22,332		2,973,355
Muenchener Rueckversicherungs AG		12,971		1,955,699
Siemens AG		43,021		4,337,135
				35,410,308

	Shares		Value($)
Hong Kong (3.7%)
China Mobile Ltd.		93,000		1,023,347
China Modern Dairy Holdings Ltd.*		5,416,000		1,562,264
Comba Telecom Systems Holdings Ltd.(a)		1,896,000		1,049,868
Digital China Holdings Ltd.		2,545,000		5,079,807
Texwinca Holdings Ltd.		889,721		1,085,005
				9,800,291
India (0.7%)
IL&FS Transportation Networks Ltd.		129,001		484,023
IRB Infrastructure Developers Ltd.		201,375		733,045
Sobha Developers Ltd.		96,455		632,368
				1,849,436
Ireland (1.1%)
WPP PLC		224,084		3,062,721
Italy (1.1%)
Intesa Sanpaolo SpA		1,643,457		2,945,884
Japan (16.5%)
Honda Motor Co. Ltd.		117,688		4,471,774
Isuzu Motors Ltd.		380,000		2,226,652
ITOCHU Corp.		267,080		2,913,776
JX Holdings, Inc.		664,300		4,117,264
Marubeni Corp.		752,000		5,423,994
Mitsubishi Gas Chemical Co., Inc.		577,000		3,855,032
Mitsubishi UFJ Financial Group, Inc.		985,502		4,905,483
Nidec Corp.		33,900		3,088,148
Nippon Telegraph & Telephone Corp.(a)		22,816		1,035,086
Sumitomo Corp.		381,944		5,518,969
Sumitomo Mitsui Financial Group, Inc.		141,505		4,655,287
Takata Corp.		65,177		1,736,321
				43,947,786
Luxembourg (1.1%)
AZ Electronic Materials SA		644,969		2,982,438
Netherlands (5.1%)
ING Groep NV*		329,704		2,746,969
Koninklijke Ahold NV		281,065		3,894,757
Koninklijke DSM NV		40,428		2,339,268
LyondellBasell Industries NV, Cl A		59,109		2,580,108
Royal Dutch Shell PLC ADR		29,499		2,083,514
				13,644,616

See Notes to Financial Statements.

35

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

International Equity Fund — concluded

	Shares		Value($)
Norway (1.2%)
Telenor ASA		179,193		3,322,847
Singapore (1.2%)
United Overseas Bank Ltd.		49,116		716,979
Venture Corp. Ltd.		367,685		2,492,086
				3,209,065
South Korea (2.8%)
Hana Financial Group, Inc.		48,690		1,834,926
Hyundai Motor Co.		12,201		2,509,009
Korea Gas Corp.		80,640		3,071,017
				7,414,952
Spain (1.6%)
Banco Santander SA		537,818		4,138,750
Sweden (4.0%)
Alfa Laval AB		86,389		1,777,191
Kinnevik Investment AB, Cl B		169,233		3,936,782
Swedbank AB, Cl A(a)		188,475		2,928,630
Volvo AB, Cl B		147,270		2,145,897
				10,788,500
Switzerland (2.7%)
ABB Ltd.*		162,945		3,343,017
Roche Holding AG		7,549		1,313,779
Xstrata PLC		156,942		2,680,988
				7,337,784
Thailand (0.9%)
Kasikornbank PCL		248,900		1,242,483
Krung Thai Bank PCL (Foreign Registered)		1,569,100		890,089
Krung Thai Bank PCL		283,900		161,045
				2,293,617
Turkey (1.8%)
Koc Holding AS		9,137		37,116
Tofas Turk Otomobil Fabrikasi AS		416,935		1,782,553
Turkiye Halk Bankasi AS		420,853		3,010,647
				4,830,316
United Kingdom (16.4%)
Anglo American PLC		66,935		2,502,053
AstraZeneca PLC		89,474		3,977,131
Aviva PLC		212,435		1,126,404
BP PLC SP ADR		138,543		6,234,435
British American Tobacco PLC		126,367		6,367,921
BT Group PLC		1,163,567		4,213,590
Legal & General Group PLC		1,050,764		2,196,672
Old Mutual PLC		589,074		1,494,368
Rio Tinto PLC SP ADR(a)		85,073		4,729,208
Royal Dutch Shell PLC, Cl A		84,710		2,958,506

	Shares		Value($)
United Kingdom—continued
Royal Dutch Shell PLC, Cl B		62,975		2,215,525
SABMiller PLC		75,069		3,013,230
Subsea 7 SA*		104,274		2,761,231
				43,790,274
Total Common Stocks (Cost $231,842,633)				256,599,453
Preferred Stocks (2.1%)
Brazil (1.1%)
Itau Unibanco Holding SA ADR, 0.55%		94,219		1,808,063
Telefonica Brasil SA, 3.19%		34,706		1,074,005
				2,882,068
Germany (1.0%)
Volkswagen AG, 2.30%		15,694		2,759,763
Total Preferred Stocks (Cost $5,211,873)				5,641,831
Short-Term Investment (2.3%)
RidgeWorth Funds Securities Lending Joint Account(b)		6,131,175		6,131,175
Total Short-Term Investment (Cost $6,131,175)				6,131,175
Money Market Fund (0.7%)
State Street Institutional Liquid Reserves Fund, Institutional Class, 0.23%(c)		1,806,849		1,806,849
Total Money Market Fund (Cost $1,806,849)				1,806,849
Total Investments (Cost $244,992,530) —101.2%				270,179,308
Liabilities in excess of other assets — (1.2)%				(3,118,303	)
Net Assets — 100.0%			$	267,061,005

* Non-income producing security.

(a) The security or a partial position of the security was on loan as of March 31, 2012. The total value of securities on loan as of March 31, 2012 was $5,645,281.

(b) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2012 (See Note 2).

(c) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

Investment Abbreviations

ADR — American Depositary Receipt

PCL — Public Company Limited

SP ADR — Sponsored American Depositary Receipt

See Notes to Financial Statements.

36

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

International Equity Index Fund

	Shares		Value($)
Common Stocks (98.4%)
Australia (5.3%)
AGL Energy Ltd.		9,602		146,707
Alumina Ltd.		51,075		65,339
Amcor Ltd.		25,461		196,221
AMP Ltd.		58,924		263,677
Asciano Ltd.		23,379		118,664
ASX Ltd.		3,656		125,731
Australia & New Zealand Banking Group Ltd.		53,686		1,293,503
Bendigo and Adelaide Bank Ltd.		7,794		62,569
BGP Holdings PLC*(a)(b)		737,041		—
BHP Billiton Ltd.		66,660		2,389,812
BlueScope Steel Ltd.*		37,940		15,524
Boral Ltd.		14,992		62,584
Brambles Ltd.		30,014		220,739
Caltex Australia Ltd.		2,854		41,063
Campbell Brothers Ltd.		1,225		85,309
CFS Retail Property Trust REIT		38,766		71,879
Coca-Cola Amatil Ltd.		11,681		150,884
Cochlear Ltd.		1,184		75,917
Commonwealth Bank of Australia		32,090		1,665,345
Computershare Ltd.		9,200		85,768
Crown Ltd.		9,339		84,065
CSL Ltd.		11,459		426,007
Dexus Property Group REIT		101,371		91,354
Echo Entertainment Group Ltd.		11,028		50,149
Fairfax Media Ltd.(c)		46,552		34,960
Fortescue Metals Group Ltd.		25,943		156,132
Goodman Group		144,584		103,339
GPT Group REIT		41,637		134,565
Harvey Norman Holdings Ltd.		11,022		22,948
Iluka Resources Ltd.		8,480		156,267
Incitec Pivot Ltd.		33,195		108,313
Insurance Australia Group Ltd.		43,801		154,262
Leighton Holdings Ltd.		3,144		69,433
Lend Lease Group		11,118		86,029
Lynas Corp. Ltd.*		35,553		40,326
Macquarie Group Ltd.		7,141		215,105
Metcash Ltd.		15,900		79,385
Mirvac Group REIT		71,169		86,253
National Australia Bank Ltd.		46,571		1,186,718
Newcrest Mining Ltd.		16,053		493,534
OneSteel Ltd.		27,127		34,843
Orica Ltd.		7,580		219,613
Origin Energy Ltd.		22,005		304,298

	Shares		Value($)
Australia—continued
OZ Minerals Ltd.		6,733		68,070
Paladin Energy Ltd.*		14,484		27,531
Qantas Airways Ltd.*		23,672		43,769
QBE Insurance Group Ltd.		21,747		319,202
QR National Ltd.		35,147		135,798
Ramsay Health Care Ltd.		2,699		54,657
Rio Tinto Ltd.		9,056		613,495
Santos Ltd.		17,929		264,462
Sims Metal Management Ltd.		3,433		52,239
Sonic Healthcare Ltd.		7,669		99,458
SP Ausnet		28,959		32,247
Stockland REIT		49,650		151,204
Suncorp Group Ltd.		26,698		232,303
Sydney Airport		8,836		26,268
TABCORP Holdings Ltd.		14,270		40,206
Tatts Group Ltd.		26,743		68,700
Telstra Corp. Ltd.		91,938		313,320
Toll Holdings Ltd.		13,739		83,539
Transurban Group		27,019		156,731
Wesfarmers Ltd.		20,996		652,896
Wesfarmers Ltd. PPS		3,169		101,433
Westfield Group REIT		45,755		418,501
Westfield Retail Trust REIT		61,146		163,412
Westpac Banking Corp.		61,938		1,404,429
Woodside Petroleum Ltd.		13,054		470,700
Woolworths Ltd.		25,176		677,521
WorleyParsons Ltd.		4,029		119,486
				18,266,710
Austria (1.3%)
Erste Group Bank AG		31,808		733,482
Immofinanz AG*		157,848		573,461
OMV AG		27,787		987,636
Raiffeisen Bank International AG(c)		8,246		291,439
Telekom Austria AG		56,214		654,661
Verbund AG		11,268		342,791
Vienna Insurance Group		6,422		283,245
Voestalpine AG		18,320		616,088
				4,482,803
Belgium (2.1%)
Ageas		148,195		325,723
Anheuser-Busch InBev NV		53,632		3,918,358
Bekaert SA		2,561		82,504
Belgacom SA		10,241		329,236
Colruyt SA(c)		5,091		204,647
Delhaize Group SA		6,906		363,355
Dexia SA*(c)		41,709		16,132
Groupe Bruxelles Lambert SA		5,410		418,777

See Notes to Financial Statements.

37

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

International Equity Index Fund — continued

	Shares		Value($)
Belgium—continued
KBC Groep NV		10,659		267,401
Mobistar SA		2,011		100,175
Solvay SA		3,922		464,336
UCB SA		6,766		291,920
Umicore		7,616		419,554
				7,202,118
Cayman Islands (0.1%)
Sands China Ltd.		27,687		108,031
Wynn Macau Ltd.(c)		18,616		54,777
				162,808
Denmark (1.4%)
A.P. Moller—Maersk A/S, Cl A		23		169,176
A.P. Moller—Maersk A/S, Cl B		54		416,941
Carlsberg A/S, Cl B(c)		4,227		349,251
Coloplast A/S, Cl B		912		157,898
Danske Bank A/S*		26,128		442,530
DSV A/S		8,452		191,626
Novo Nordisk A/S, Cl B		16,666		2,307,462
Novozymes A/S, Cl B		9,230		268,819
Pandora A/S(c)		2,396		27,720
TDC A/S		14,809		107,707
Tryg A/S		1,009		56,892
Vestas Wind Systems A/S*(c)		8,156		82,737
William Demant Holding A/S*		927		86,395
				4,665,154
Finland (0.9%)
Elisa Oyj		4,540		108,808
Fortum Oyj		13,834		335,797
Kesko Oyj, Cl B		2,148		69,700
Kone Oyj, Cl B(c)		4,921		274,142
Metso Oyj(c)		4,042		172,776
Neste Oil Oyj		4,153		51,151
Nokia Oyj		120,139		654,056
Nokian Renkaat Oyj		3,418		166,571
Orion Oyj, Cl B(c)		2,971		58,723
Outokumpu Oyj*(c)		4,734		9,932
Pohjola Bank PLC		4,410		48,847
Rautaruukki Oyj		2,676		28,088
Sampo Oyj, Cl A		13,224		382,190
Sanoma Oyj(c)		2,607		33,379
Stora Enso Oyj		18,392		136,629
UPM-Kymmene Oyj(c)		16,495		224,614
Wartsila Oyj		5,290		199,523
				2,954,926

	Shares		Value($)
France (10.2%)
Accor SA		5,219		186,335
Aeroports de Paris		1,235		101,364
Air France-KLM*		4,905		27,868
Air Liquide SA(b)		17,547		2,339,307
Air Liquide SA(a)(b)		2,545		339,291
Alcatel-Lucent*		82,564		187,747
Alstom		7,258		283,237
Arkema SA		1,983		184,787
Atos Origin SA		1,797		103,643
AXA SA		61,300		1,016,224
BNP Paribas		34,442		1,634,148
Bouygues SA		8,493		259,731
Bureau Veritas SA		1,994		175,520
Cap Gemini SA		5,300		237,222
Carrefour SA		20,740		497,205
Casino Guichard-Perrachon SA		1,984		195,544
Christian Dior SA		1,961		300,900
CNP Assurances		5,247		81,876
Compagnie de Saint—Gobain		14,260		636,836
Compagnie Generale d’Optique Essilor International SA		7,188		640,675
Compagnie Generale de Geophysique-Veritas*		5,045		149,306
Compagnie Generale des Etablissements Michelin, Cl B		6,215		462,772
Credit Agricole SA		34,716		215,761
Danone SA		20,808		1,451,410
Dassault Systemes SA		2,116		194,697
Edenred		5,664		170,420
Eiffage SA		1,453		56,217
Electricite de France		8,571		195,587
Eramet		189		26,719
Eurazeo		1,101		56,020
European Aeronautic Defence and Space Co.		14,457		592,032
Eutelsat Communications		3,545		131,059
Fonciere Des Regions		992		79,686
France Telecom SA		66,683		987,624
GDF SUEZ		44,102		1,139,321
Gecina SA		787		82,227
Groupe Eurotunnel SA		18,687		162,298
ICADE REIT		836		74,581
Iliad SA		684		94,235
Imerys		1,216		73,937
JCDecaux SA*		2,385		72,874
Klepierre		3,737		129,585
L’Oreal SA		8,543		1,053,812

See Notes to Financial Statements.

38

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

International Equity Index Fund — continued

	Shares		Value($)
France—continued
Lagardere SCA		4,257		131,322
Legrand SA		6,981		256,878
LVMH Moet Hennessy Louis Vuitton SA		8,778		1,508,475
Metropole Television SA		2,087		37,715
Natixis		31,340		120,588
Neopost SA		1,153		74,151
Pernod-Ricard SA		7,087		741,031
Peugeot SA(c)		5,351		86,175
PPR		2,722		468,313
Publicis Groupe SA		4,423		243,833
Renault SA		6,835		360,303
Safran SA		5,825		214,069
Sanofi-Aventis		39,972		3,104,279
Schneider Electric SA		17,107		1,117,736
Scor SE		6,034		163,043
Societe BIC SA		1,035		103,860
Societe Generale		22,820		668,505
Societe Lafarge(a)(b)		12,479		595,578
Societe Television Francaise 1		4,267		52,248
Sodexo		3,352		275,208
Suez Environnement SA		9,500		145,707
Technip SA		3,464		408,079
Thales SA		3,568		133,527
Total SA		75,269		3,838,770
Unibail-Rodamco		3,264		652,762
Vallourec SA		3,951		250,299
Veolia Environnement SA		12,355		204,902
Vinci SA		15,799		823,881
Vivendi SA		44,039		808,191
Wendel SA		1,163		99,347
				34,770,415
Germany (12.9%)
Adidas AG		11,171		872,173
Allianz SE		24,187		2,886,141
Axel Springer AG		2,154		108,792
BASF SE		48,537		4,245,889
Bayer AG		44,310		3,116,735
Bayerische Motoren Werke AG		17,402		1,564,986
Beiersdorf AG		5,425		353,988
Brenntag AG		1,811		221,776
Celesio AG		4,659		84,320
Commerzbank AG*		197,202		498,927
Continental AG*		4,255		401,612
Daimler AG(c)		49,008		2,955,014
Deutsche Bank AG		50,299		2,502,560
Deutsche Boerse AG		10,616		714,724
Deutsche Lufthansa AG		12,446		174,209
Deutsche Post AG		45,473		875,444

	Shares		Value($)
Germany—continued
Deutsche Telekom AG		151,114		1,819,308
E.ON AG		96,060		2,300,949
Fraport AG		1,982		124,107
Fresenius SE		6,044		619,801
GEA Group AG		9,125		314,716
Hannover Rueckversicherung AG		3,219		191,218
Heidelberg Cement AG		7,555		457,304
Henkel AG & Co. KGaA		7,041		439,479
Hochtief AG		2,260		137,114
Infineon Technologies AG		59,305		606,343
K+S AG		9,186		480,560
Kabel Deutschland Holding AG*		3,928		242,608
Lanxess AG		4,449		367,766
Linde AG		9,027		1,619,889
MAN SE		3,614		481,180
Merck KGaA		3,516		389,117
Metro AG		6,987		270,145
Muenchener Rueckversicherungs AG		10,151		1,530,514
RWE AG		26,902		1,284,654
Salzgitter AG		2,098		114,988
SAP AG		49,346		3,445,955
Siemens AG		43,771		4,412,745
Suedzucker AG		3,554		113,167
ThyssenKrupp AG		17,655		439,495
United Internet AG		6,032		113,674
Volkswagen AG		1,544		248,961
Wacker Chemie AG(c)		832		73,358
				44,216,405
Greece (0.5%)
Alpha Bank AE*		1,393		1,817
Coca-Cola Hellenic Bottling Co. SA*		36,013		689,238
Hellenic Telecommunications Organization SA		49,626		211,134
National Bank of Greece SA*		172,874		442,679
OPAP SA		43,255		419,400
				1,764,268
Guernsey (0.0%)(d)
Resolution Ltd.		20,515		85,742
Hong Kong (1.0%)
AIA Group Ltd.		87,681		321,230
ASM Pacific Technology Ltd.		2,240		32,595
Bank of East Asia Ltd.		17,830		66,929
BOC Hong Kong Holdings Ltd.		42,528		117,471

See Notes to Financial Statements.

39

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

International Equity Index Fund — continued

	Shares		Value($)
Hong Kong—continued
Cathay Pacific Airways Ltd.		12,843		23,749
Cheung Kong (Holdings) Ltd.		15,239		196,827
Cheung Kong Infrastructure Holdings Ltd.		5,854		35,544
CLP Holdings Ltd.		21,866		188,375
Esprit Holdings Ltd.		14,001		28,126
Foxconn International Holdings Ltd.*		25,624		18,181
Galaxy Entertainment Group Ltd.*		13,803		38,127
Hang Lung Group Ltd.		10,503		67,152
Hang Lung Properties Ltd.		27,935		102,523
Hang Seng Bank Ltd.		8,724		116,274
Henderson Land Development Co. Ltd.		12,358		67,873
HKT Trust / HKT Ltd.*		2,296		1,798
Hong Kong & China Gas Co. Ltd. (The)		53,662		137,100
Hong Kong Electric Holdings Ltd.		16,200		118,910
Hong Kong Exchanges & Clearing Ltd.		11,739		197,123
Hopewell Holdings Ltd.		6,081		16,679
Hutchison Whampoa Ltd.		24,113		240,802
Hysan Development Co. Ltd.		7,257		28,876
Kerry Properties Ltd.		8,007		35,985
Li & Fung Ltd.		63,707		146,192
Lifestyle International Holdings Ltd.		6,393		16,284
Link REIT (The)		25,576		95,183
MTR Corp.		16,121		57,816
New World Development Ltd.		41,251		49,561
Newton Resources Ltd.*		391		38
Noble Group Ltd.		69,598		76,405
NWS Holdings Ltd.		14,372		21,950
Orient Overseas International Ltd.		3,031		21,565
PCCW Ltd.		46,824		16,763
Shangri-La Asia Ltd.		16,968		37,014
Sino Land Co. Ltd.		31,602		50,462
SJM Holdings Ltd.		19,210		38,986
Sun Hung Kai Properties Ltd.		15,664		194,651
Swire Pacific Ltd.		8,132		91,158
Swire Properties Ltd.*		5,592		13,941
Wharf Holdings Ltd. (The)		17,197		93,453
Wheelock & Co. Ltd.		11,192		33,653
Wing Hang Bank Ltd.		2,364		23,486
Yue Yuen Industrial (Holdings) Ltd.		8,544		29,982
				3,306,792

	Shares		Value($)
Ireland (1.2%)
CRH PLC		84,591		1,726,131
Elan Corp. PLC*		57,647		843,800
Experian PLC		14,258		222,241
Irish Bank Resolution Corp. Ltd.*(a)(b)		8,839		—
Irish Bank Resolution Corp. Ltd.*(a)(b)(c)		143,993		—
James Hardie Industries SE		8,948		71,184
Kerry Group PLC, Cl A		17,194		795,728
Ryanair Holdings PLC*		26,898		160,571
WPP PLC		18,284		249,901
				4,069,556
Israel (0.9%)
Bank Hapoalim BM		45,906		168,564
Bank Leumi Le-Israel BM		51,762		162,995
Bezeq Israeli Telecommunication Corp. Ltd.		73,339		120,413
Cellcom Israel Ltd.		2,326		29,461
Delek Group Ltd.		204		39,907
Elbit Systems Ltd.		1,031		39,998
Israel Chemicals Ltd.		18,956		215,664
Israel Corp. Ltd. (The)		101		67,992
Israel Discount Bank Ltd., Cl A*		34,545		45,719
Mizrahi Tefahot Bank Ltd.		5,296		47,717
NICE Systems Ltd.*		2,701		105,879
Partner Communications Co. Ltd.		3,626		27,968
Teva Pharmaceutical Industries Ltd.		41,112		1,817,742
Teva Pharmaceutical Industries Ltd. SP ADR		215		9,688
				2,899,707
Italy (7.1%)
A2A SpA		113,325		90,912
Assicurazioni Generali SpA		122,366		1,899,642
Atlantia SpA		32,559		540,628
Autogrill SpA		11,778		124,331
Banca Carige SpA		67,723		88,877
Banca Monte dei Paschi di Siena SpA(c)		548,555		231,261
Banco Popolare Scarl		186,619		353,927
Enel Green Power SpA		184,040		349,772
Enel SpA		679,266		2,456,901
Eni SpA		247,763		5,812,465
Exor SpA		6,586		166,276
Fiat Industrial SpA*		78,222		834,597
Fiat SpA		78,038		458,781
Finmeccanica SpA(c)		41,960		227,206

See Notes to Financial Statements.

40

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

International Equity Index Fund — continued

	Shares		Value($)
Italy—continued
Intesa Sanpaolo SpA		1,058,348		1,897,081
Intesa Sanpaolo SpA—RSP		98,094		151,368
Luxottica Group SpA		12,143		439,697
Mediaset SpA		74,071		204,295
Mediobanca SpA		55,960		328,687
Pirelli & C SpA		24,385		290,099
Prysmian SpA		20,595		362,022
Saipem SpA		27,327		1,411,554
Snam Rete Gas SpA		166,623		801,343
Telecom Italia SpA		982,941		1,168,710
Telecom Italia SpA		628,673		617,946
Terna SpA		124,863		501,921
UniCredit SpA		441,384		2,211,058
Unione di Banche Italiane ScpA		82,521		349,765
				24,371,122
Japan (26.5%)
ABC-Mart, Inc.		1,123		42,263
ADVANTEST Corp.		5,956		93,834
AEON Co. Ltd.		24,105		316,857
AEON Credit Service Co. Ltd.		3,194		50,243
AEON Mall Co. Ltd.		3,044		70,721
Air Water, Inc.		6,830		88,129
Aisin Seiki Co. Ltd.		7,617		267,428
Ajinomoto Co., Inc.		25,926		325,132
Alfresa Holdings Corp.		1,529		72,691
All Nippon Airways Co. Ltd.(c)		33,235		100,384
Amada Co. Ltd.		13,807		93,081
Aozora Bank Ltd.		22,660		65,431
Asahi Breweries Ltd.		15,521		343,723
Asahi Glass Co. Ltd.		40,262		341,475
Asahi Kasei Corp.		51,287		316,632
ASICS Corp.		6,021		68,088
Astellas Pharma, Inc.		18,029		740,590
Bank of Kyoto Ltd. (The)		12,469		113,135
Bank of Yokohama Ltd. (The)		49,660		248,390
Benesse Holdings, Inc.		2,786		138,846
Bridgestone Corp.		25,786		624,945
Brother Industries Ltd.		9,698		131,463
Canon, Inc.		45,605		2,154,350
Casio Computer Co. Ltd.(c)		9,595		68,511
Central Japan Railway Co.		61		502,622
Chiba Bank Ltd. (The)		31,999		204,126
Chiyoda Corp.		7,179		91,158
Chubu Electric Power Co., Inc.		27,584		497,892
Chugai Pharmaceutical Co. Ltd.		8,963		165,248
Chugoku Bank Ltd. (The)		8,135		109,980
Chugoku Electric Power Co., Inc. (The)		11,989		222,630

	Shares		Value($)
Japan—continued
Chuo Mitsui Trust Holdings, Inc.		124,910		398,408
Citizen Holdings Co. Ltd.		10,486		66,385
Coca-Cola West Co. Ltd.		2,485		43,563
Cosmo Oil Co. Ltd.		24,080		66,913
Credit Saison Co. Ltd.		6,025		121,927
Dai Nippon Printing Co. Ltd.		22,230		227,215
Dai-ichi Life Insurance Co. Ltd. (The)		364		502,660
Daicel Chemical Industries Ltd.		11,771		75,800
Daido Steel Co. Ltd.		10,950		75,805
Daihatsu Motor Co. Ltd.		7,899		144,677
Daiichi Sankyo Co. Ltd.		26,974		491,444
Daikin Industries Ltd.		9,085		247,294
Dainippon Sumitomo Pharma Co. Ltd.		6,283		66,572
Daito Trust Construction Co. Ltd.		2,963		265,979
Daiwa House Industry Co. Ltd.		19,232		254,196
Daiwa Securities Group, Inc.		68,323		269,924
DeNa Co. Ltd.		3,963		109,788
Denki Kagaku Kogyo Kabushiki Kaisha		19,384		77,517
DENSO Corp.		19,503		651,514
Dentsu, Inc.		7,119		226,721
East Japan Railway Co.		13,872		873,180
Eisai Co. Ltd.		10,077		400,548
Electric Power Development Co. Ltd.		4,720		127,965
Elpida Memory, Inc.*		7,744		94
FamilyMart Co. Ltd.		2,562		108,336
FANUC Ltd.		7,524		1,334,449
Fast Retailing Co. Ltd.		2,054		468,025
Fuji Electric Holdings Co. Ltd.		22,146		58,328
Fuji Heavy Industries Ltd.		23,518		188,951
FUJIFILM Holdings Corp.		18,393		431,326
Fujitsu Ltd.		75,204		396,145
Fukuoka Financial Group, Inc.		32,254		143,013
Furukawa Electric Co. Ltd.		24,334		64,679
Gree, Inc.(c)		3,698		93,332
GS Yuasa Corp.		13,321		73,067
Gunma Bank Ltd. (The)		15,490		82,905
Hachijuni Bank Ltd. (The)		17,268		101,810
Hakuhodo DY Holdings, Inc.		928		58,301
Hamamatsu Photonics K.K.		2,720		102,694
Hino Motors Ltd.		10,909		78,816
Hirose Electric Co. Ltd.		1,295		135,962

See Notes to Financial Statements.

41

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

International Equity Index Fund — continued

	Shares		Value($)
Japan—continued
Hiroshima Bank Ltd. (The)		19,713		90,027
Hisamitsu Pharmaceutical Co., Inc.		2,480		117,603
Hitachi Chemical Co. Ltd.		4,186		75,355
Hitachi Construction Machinery Co. Ltd.		4,293		94,968
Hitachi High-Technologies Corp.		2,438		58,174
Hitachi Ltd.		179,314		1,150,365
Hitachi Metals Ltd.		7,549		93,758
Hokkaido Electric Power Co., Inc.		7,512		110,270
Hokuhoku Financial Group, Inc.		51,719		98,727
Hokuriku Electric Power Co.		7,246		130,966
Honda Motor Co. Ltd.		66,103		2,511,706
Hoya Corp.		17,460		392,149
Ibiden Co. Ltd.		4,834		123,639
Idemitsu Kosan Co. Ltd.		924		92,099
IHI Corp.		53,016		133,869
Inpex Corp.		88		594,322
Isetan Mitsukoshi Holdings Ltd.		15,083		177,125
Isuzu Motors Ltd.		48,565		284,572
ITOCHU Corp.		61,219		667,884
Itochu Techno-Solutions Corp.		1,155		51,701
Iyo Bank Ltd. (The)		10,423		92,305
J. Front Retailing Co. Ltd.		18,755		104,685
Japan Petroleum Exploration Co.		1,122		52,257
Japan Prime Realty Investment Corp. REIT		27		77,604
Japan Real Estate Investment Corp. REIT		19		167,343
Japan Retail Fund Investment Corp. REIT		64		95,030
Japan Steel Works Ltd. (The)		12,640		86,588
Japan Tobacco, Inc.		180		1,013,411
JFE Holdings, Inc.		18,644		400,496
JGC Corp.		8,708		269,856
Joyo Bank Ltd. (The)		25,592		117,185
JS Group Corp.		11,012		230,564
JSR Corp.		7,257		146,069
JTEKT Corp.		8,846		105,913
Jupiter Telecommunications Co. Ltd.		71		71,112
JX Holdings, Inc.		92,307		572,109
Kajima Corp.		33,502		102,000
Kamigumi Co. Ltd.		10,563		87,419
Kaneka Corp.		11,076		66,774

	Shares		Value($)
Japan—continued
Kansai Electric Power Co., Inc. (The)		30,717		475,766
Kansai Paint Co. Ltd.		9,377		94,597
Kao Corp.		21,639		567,837
Kawasaki Heavy Industries Ltd.		58,674		179,347
Kawasaki Kisen Kaisha Ltd.*(c)		29,829		65,590
KDDI Corp.		118		764,142
Keikyu Corp.		18,975		165,977
Keio Corp.		23,210		166,286
Keisei Electric Railway Co. Ltd.		10,824		83,694
Keyence Corp.		1,764		414,733
Kikkoman Corp.		7,267		84,022
Kinden Corp.		6,098		47,078
Kintetsu Corp.(c)		65,601		249,659
Kirin Holdings Co. Ltd.		32,518		420,766
Kobe Steel Ltd.		100,382		162,513
Koito Manufacturing Co. Ltd.		4,484		72,539
Komatsu Ltd.		38,441		1,095,594
Konami Corp.		3,716		105,325
Konica Minolta Holdings, Inc.		19,381		169,294
Kubota Corp.		47,126		452,642
Kuraray Co. Ltd.		13,702		193,851
Kurita Water Industries Ltd.		4,631		113,467
Kyocera Corp.		6,069		555,793
Kyowa Hakko Kirin Co. Ltd.		11,038		122,689
Kyushu Electric Power Co., Inc.		16,561		235,900
Lawson, Inc.		2,410		151,699
Mabuchi Motor Co. Ltd.		1,073		48,678
Makita Corp.		4,600		184,511
Marubeni Corp.		67,541		487,157
Marui Group Co. Ltd.		8,994		74,977
Maruichi Steel Tube Ltd.		1,862		43,462
Mazda Motor Corp.*		61,162		107,146
McDonald’s Holdings Co. (Japan) Ltd.		2,725		72,298
Medipal Holdings Corp.		5,920		76,673
Meiji Holdings Co. Ltd.		2,808		122,640
Minebea Co. Ltd.		12,967		56,555
Miraca Holdings, Inc.		2,193		85,579
Mitsubishi Chemical Holdings Corp.		55,151		294,512
Mitsubishi Corp.		54,863		1,272,647
Mitsubishi Electric Corp.		76,740		678,672
Mitsubishi Estate Co. Ltd.		50,440		899,474
Mitsubishi Gas Chemical Co., Inc.		15,246		101,861

See Notes to Financial Statements.

42

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

International Equity Index Fund — continued

	Shares		Value($)
Japan—continued
Mitsubishi Heavy Industries Ltd.		123,533		598,487
Mitsubishi Logistics Corp.		5,298		62,536
Mitsubishi Materials Corp.		46,417		146,928
Mitsubishi Motors Corp.*		156,041		177,212
Mitsubishi Tanabe Pharma Corp.		8,966		125,764
Mitsubishi UFJ Financial Group, Inc.		514,224		2,559,627
Mitsubishi UFJ Lease & Finance Co. Ltd.		2,334		102,643
Mitsui & Co. Ltd.		71,369		1,170,083
Mitsui Chemicals, Inc.		32,183		97,595
Mitsui Engineering & Shipbuilding Co. Ltd.		29,576		51,455
Mitsui Fudosan Co. Ltd.		33,194		634,845
Mitsui O.S.K. Lines Ltd.		46,908		204,022
Mizuho Financial Group, Inc.(c)		896,913		1,462,888
MS&AD Insurance Group Holdings, Inc.		22,772		467,435
Murata Manufacturing Co. Ltd.		8,286		491,033
Nabtesco Corp.		3,754		77,012
Namco Bandai Holdings, Inc.		7,903		114,005
NEC Corp.*		107,648		224,998
NGK Insulators Ltd.		10,762		153,557
NGK Spark Plug Co. Ltd.		7,568		107,984
NHK Spring Co. Ltd.		6,013		64,656
Nidec Corp.		4,339		395,265
Nikon Corp.		13,532		410,685
Nintendo Co. Ltd.		4,151		624,380
Nippon Building Fund, Inc. REIT		22		208,916
Nippon Electric Glass Co. Ltd.		15,541		135,000
Nippon Express Co. Ltd.		34,069		132,950
Nippon Meat Packers, Inc.		8,001		101,595
Nippon Paper Group, Inc.		3,920		81,602
Nippon Sheet Glass Co. Ltd.(c)		36,197		55,540
Nippon Steel Corp.		206,450		566,197
Nippon Telegraph & Telephone Corp.(c)		19,284		874,851
Nippon Yusen Kabushiki Kaisha(c)		60,966		191,509
Nishi-Nippon City Bank Ltd. (The)		27,627		78,105
Nissan Motor Co. Ltd.		100,118		1,065,651
Nisshin Seifun Group, Inc.		7,238		87,535
Nisshin Steel Co. Ltd.		28,288		47,506

	Shares		Value($)
Japan—continued
Nissin Foods Holdings Co. Ltd.		2,307		86,265
Nitori Holdings Co. Ltd.		1,512		136,641
Nitto Denko Corp.		6,746		271,812
NKSJ Holdings, Inc.		14,700		328,561
NOK Corp.		4,140		90,033
Nomura Holdings, Inc.		143,784		635,797
Nomura Real Estate Holdings, Inc.		3,759		66,260
Nomura Real Estate Office Fund, Inc. REIT		11		65,452
Nomura Research Institute Ltd.		4,008		99,413
NSK Ltd.		17,323		133,318
NTN Corp.		18,962		80,182
NTT Data Corp.		51		179,242
NTT DoCoMo, Inc.		621		1,030,873
NTT Urban Development Corp.		47		38,272
Obayashi Corp.		25,583		111,580
Odakyu Electric Railway Co. Ltd.		25,207		238,152
OJI Paper Co. Ltd.		33,651		162,624
Olympus Corp.*		8,484		138,786
Omron Corp.		8,200		176,344
Ono Pharmaceutical Co. Ltd.		3,355		186,862
Oracle Corp. Japan		1,485		56,425
Oriental Land Co. Ltd.		1,938		207,685
ORIX Corp.		4,250		405,642
Osaka Gas Co. Ltd.		77,408		310,492
Otsuka Corp.		742		60,332
Otsuka Holdings Co. Ltd.		10,095		298,813
Panasonic Corp.		89,244		820,523
Rakuten, Inc.		293		306,912
Resona Holdings, Inc.		76,239		350,937
Ricoh Co. Ltd.		27,418		266,661
Rinnai Corp.		1,300		93,609
Rohm Co. Ltd.		3,987		196,773
Sankyo Co. Ltd.		2,148		105,363
Sanrio Co. Ltd.(c)		1,800		70,243
Santen Pharmaceutical Co. Ltd.		3,065		130,902
SBI Holdings, Inc.		815		76,902
Secom Co. Ltd.		8,466		414,248
Sega Sammy Holdings, Inc.		8,730		182,890
Seiko Epson Corp.		5,256		73,661
Sekisui Chemical Co. Ltd.		17,187		149,091
Sekisui House Ltd.		22,975		225,114
Seven & I Holdings Co. Ltd.		30,258		898,564
Seven Bank Ltd.		21,100		46,141
Sharp Corp.(c)		39,876		290,988

See Notes to Financial Statements.

43

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

International Equity Index Fund — continued

	Shares		Value($)
Japan—continued
Shikoku Electric Power Co., Inc.		7,545		212,667
Shimadzu Corp.		9,922		89,546
Shimamura Co. Ltd.		930		104,045
Shimano, Inc.		3,062		184,415
Shimizu Corp.		23,779		95,380
Shin-Etsu Chemical Co. Ltd.		16,564		956,577
Shinsei Bank Ltd.		56,015		73,090
Shionogi & Co. Ltd.		12,153		167,972
Shiseido Co. Ltd.		14,403		248,490
Shizuoka Bank Ltd. (The)		24,227		249,383
Showa Denko Kabushiki Kaisha		59,496		135,136
Showa Shell Sekiyu Kabushiki Kaisha		7,569		48,284
SMC Corp.		2,115		336,274
Softbank Corp.		35,445		1,047,891
Sojitz Corp.		51,490		92,069
Sony Corp.		40,695		837,795
Sony Financial Holdings, Inc.		7,201		127,890
Square Enix Holdings Co. Ltd.		2,479		52,054
Stanley Electric Co. Ltd.		5,890		93,577
Sumco Corp.*(c)		4,701		57,194
Sumitomo Chemical Co. Ltd.		63,076		268,246
Sumitomo Corp.		45,668		659,888
Sumitomo Electric Industries Ltd.		29,985		410,451
Sumitomo Heavy Industries Ltd.		21,687		120,527
Sumitomo Metal Industries Ltd.		137,088		276,594
Sumitomo Metal Mining Co. Ltd.		20,703		290,898
Sumitomo Mitsui Financial Group, Inc.		54,616		1,796,779
Sumitomo Realty & Development Co. Ltd.		13,736		331,078
Sumitomo Rubber Industries Ltd.		6,868		91,192
Suruga Bank Ltd.		7,451		76,067
Suzuken Co. Ltd.		2,964		91,387
Suzuki Motor Corp.		13,799		329,596
Sysmex Corp.		2,932		118,314
T&D Holdings, Inc.		23,400		271,120
Taisei Corp.		41,704		108,832
Taisho Pharmaceutical Holdings Co. Ltd.		1,400		113,495
Taiyo Nippon Sanso Corp.		11,064		78,064
Takashimaya Co. Ltd.		10,513		87,259

	Shares		Value($)
Japan—continued
Takeda Pharmaceutical Co. Ltd.		31,878		1,403,834
TDK Corp.		5,068		287,168
Teijin Ltd.		37,202		124,951
Terumo Corp.		6,755		322,774
THK Co. Ltd.		4,748		96,543
Tobu Railway Co. Ltd.		39,830		211,253
Toho Co. Ltd.		4,641		85,172
Toho Gas Co. Ltd.		15,843		93,408
Tohoku Electric Power Co., Inc.*		18,913		215,705
Tokio Marine Holdings, Inc.		29,115		798,842
Tokyo Electric Power Co., Inc. (The)*		60,659		152,435
Tokyo Electron Ltd.		6,885		393,868
Tokyo Gas Co. Ltd.		101,103		476,382
Tokyu Corp.		45,940		218,128
Tokyu Land Corp.		16,984		83,104
TonenGeneral Sekiyu Kabushiki Kaisha		11,223		103,322
Toppan Printing Co. Ltd.		22,351		174,444
Toray Industries, Inc.		59,003		437,693
Toshiba Corp.		162,922		716,487
Tosoh Corp.		19,787		54,984
TOTO Ltd.		11,861		89,276
Toyo Seikan Kaisha Ltd.		6,273		89,961
Toyo Suisan Kaisha Ltd.		4,080		105,931
Toyoda Gosei Co. Ltd.		2,528		49,204
Toyota Boshoku Corp.		2,577		30,387
Toyota Industries Corp.		7,206		217,303
Toyota Motor Corp.		111,709		4,818,184
Toyota Tsusho Corp.		8,475		172,531
Trend Micro, Inc.		4,119		126,551
Tsumura & Co.		2,380		68,752
Ube Industries Ltd.		40,321		109,608
Uni-Charm Corp.		4,652		245,611
Ushio, Inc.		4,150		58,312
USS Co. Ltd.		884		89,607
West Japan Railway Co.		6,800		273,167
Yahoo Japan Corp.		586		189,599
Yakult Honsha Co. Ltd.		3,910		134,396
Yamada Denki Co. Ltd.		3,249		202,940
Yamaguchi Financial Group, Inc.		8,991		81,687
Yamaha Corp.		6,311		65,420
Yamaha Motor Co. Ltd.		11,118		148,965
Yamato Holdings Co. Ltd.		16,193		250,222
Yamato Kogyo Co. Ltd.		1,665		48,580
Yamazaki Baking Co. Ltd.		5,602		80,270
Yaskawa Electric Corp.		9,063		85,188
Yokogawa Electric Corp.		8,382		84,762
				90,645,726

See Notes to Financial Statements.

44

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

International Equity Index Fund — continued

	Shares		Value($)
Jersey (0.1%)
Petrofac Ltd.		3,769		104,896
Randgold Resources Ltd.		1,326		113,894
Shire PLC		8,279		267,494
				486,284
Luxembourg (0.6%)
ArcelorMittal		30,457		582,092
Millicom International Cellular SA		1,507		170,841
SES		10,651		264,288
Tenaris SA		49,108		936,583
				1,953,804
Mauritius (0.0%)(d)
Essar Energy PLC*		4,721		11,727
Golden Agri-Resources Ltd.		123,525		77,139
				88,866
Netherlands (3.3%)
Aegon NV*		74,916		416,048
Akzo Nobel NV		10,052		593,499
ASML Holding NV		18,740		936,758
Corio NV REIT		2,580		136,089
Delta Lloyd NV		4,360		76,641
Fugro NV		2,912		207,469
Heineken Holding NV		5,054		236,592
Heineken NV		11,341		630,355
ING Groep NV*		166,555		1,387,673
Koninklijke Ahold NV		52,595		728,816
Koninklijke Boskalis Westminster NV		3,070		115,320
Koninklijke DSM NV		6,693		387,274
Koninklijke KPN NV		68,559		754,173
Koninklijke Philips Electronics NV		43,375		879,308
Koninklijke Vopak NV		3,067		176,687
QIAGEN NV*		12,603		196,241
Randstad Holding NV		5,124		193,330
Reed Elsevier NV		29,753		379,991
SBM Offshore NV		7,015		143,379
TNT Express NV		15,849		195,736
Unilever NV		71,065		2,418,296
Wolters Kluwer NV		13,057		247,281
				11,436,956
New Zealand (0.6%)
Auckland International Airport Ltd.		152,942		308,063
Contact Energy Ltd.*		58,413		226,229
Fletcher Building Ltd.		113,430		625,988
Sky City Entertainment Group Ltd.		95,830		309,155
Telecom Corp. of New Zealand Ltd.		319,714		634,821
				2,104,256

	Shares		Value($)
Norway (1.8%)
Aker Solutions ASA		10,607		179,461
DnB NOR ASA		62,995		809,734
Gjensidige Forsikring ASA		12,873		152,019
Kvaerner ASA*		10,607		30,174
Norsk Hydro ASA		59,881		326,074
Orkla ASA		49,445		391,236
Renewable Energy Corp. ASA*(c)		32,803		19,446
Seadrill Ltd.		19,801		742,005
StatoilHydro ASA		71,669		1,945,657
Telenor ASA		48,081		891,585
Yara International ASA		12,084		576,323
				6,063,714
Portugal (0.7%)
Banco Espirito Santo SA		62,983		115,081
CIMPOR-Cimentos de Portugal SGPS SA		23,314		155,469
EDP—Energias de Portugal SA		221,581		644,535
Galp Energia SGPS SA		27,136		446,600
Jeronimo Martins SGPS SA*		26,171		533,163
Portugal Telecom SGPS SA		80,044		435,452
				2,330,300
Singapore (0.9%)
Ascendas REIT		32,653		52,471
CapitaLand Ltd.		46,395		115,153
CapitaMall Trust REIT		34,901		50,115
CapitaMalls Asia Ltd.		24,618		32,020
City Developments Ltd.		9,673		87,338
ComfortDelGro Corp. Ltd.		34,404		42,695
Cosco Corp. (Singapore) Ltd.		18,348		17,005
DBS Group Holdings Ltd.		32,475		366,330
Fraser and Neave Ltd.		16,484		87,859
Genting Singapore PLC*		111,031		150,597
Global Logistic Properties Ltd.*		33,512		58,650
Jardine Cycle & Carriage Ltd.		2,240		86,050
Keppel Corp. Ltd.		25,216		220,456
Keppel Land Ltd.		12,331		34,039
Neptune Orient Lines Ltd.		16,505		18,579
Olam International Ltd.		24,369		45,751
Oversea-Chinese Banking Corp. Ltd.		46,697		331,361
SembCorp Industries Ltd.		17,678		74,253
SembCorp Marine Ltd.		14,764		62,013
Singapore Airlines Ltd.		10,241		87,742
Singapore Exchange Ltd.		15,207		83,956
Singapore Press Holdings Ltd.		28,433		88,666

See Notes to Financial Statements.

45

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

International Equity Index Fund — continued

	Shares		Value($)
Singapore—continued
Singapore Technologies Engineering Ltd.		28,124		72,712
Singapore Telecommunications Ltd.		146,345		366,721
StarHub Ltd.		10,593		26,123
United Overseas Bank Ltd.		22,857		333,659
UOL Group Ltd.		8,866		33,431
Wilmar International Ltd.		34,895		136,021
Yangzijiang Shipbuilding Holdings Ltd.		34,380		36,375
				3,198,141
Spain (4.9%)
Abertis Infraestructuras SA		21,071		358,727
Acciona SA		1,432		100,000
Acerinox SA(c)		5,689		73,120
Actividades de Construccion y Servicios SA		7,995		204,622
Amadeus IT Holding SA, Cl A		13,924		262,772
Banco Bilbao Vizcaya Argentaria SA		259,008		2,061,234
Banco de Sabadell SA		63,774		173,683
Banco Popular Espanol SA(c)		54,986		197,271
Banco Santander SA		482,084		3,709,852
Bankia SA*(c)		57,636		208,777
Bankinter SA(c)		11,951		62,688
Criteria Caixacorp SA		48,257		187,868
Distribuidora Internacional de Alimentacion SA*		20,740		102,816
EDP Renovaveis SA*		25,582		127,126
Enagas		10,137		195,089
Ferrovial SA		20,808		239,163
Fomento de Construcciones y Contratas SA(c)		2,916		65,142
Gas Natural SDG SA		18,119		289,500
Grifols SA*		7,900		168,580
Iberdrola SA		229,913		1,305,345
Inditex SA		12,461		1,193,593
Indra Sistemas SA(c)		5,650		69,235
Mapfre SA		42,602		137,159
Red Electrica Corporacion SA		6,112		299,081
Repsol YPF SA		45,000		1,128,910
Telefonica SA		234,055		3,834,874
Zardoya Otis SA		8,015		103,796
				16,860,023
Sweden (1.9%)
Alfa Laval AB		6,643		136,660
Assa Abloy AB, Cl B		6,112		191,976
Atlas Copco AB, Cl A		13,137		317,911
Atlas Copco AB, Cl B		7,629		164,439

	Shares		Value($)
Sweden—continued
Boliden AB		5,489		86,204
Electrolux AB, Cl B		4,830		102,137
Getinge AB		3,921		111,659
Hennes & Mauritz AB, Cl B		20,349		736,351
Hexagon AB, Cl B		5,003		97,099
Holmen AB		1,036		28,453
Husqvarna AB, Cl B		8,817		53,189
Industrivarden AB, Cl C		2,316		34,412
Investor AB, Cl B		8,956		198,592
Kinnevik Investment AB, Cl B		4,084		95,004
Lundin Petroleum AB*		4,654		99,752
Modern Times Group AB, Cl B		954		52,547
Nordea Bank AB		52,326		475,741
Ratos AB, B Shares		3,799		52,743
Sandvik AB		19,935		287,764
Scania AB		6,280		130,616
Securitas AB, Cl B		6,198		59,771
Skandinaviska Enskilda Banken AB, Cl A(c)		27,976		198,747
Skanska AB, Cl B		7,912		137,173
SKF AB, Cl B		7,679		187,454
SSAB AB, A Shares		3,122		29,517
Svenska Cellulosa AB, Cl B(c)		11,460		198,512
Svenska Handelsbanken AB, Cl A(c)		9,758		311,068
Swedbank AB, Cl A(c)		16,024		248,990
Swedish Match AB		4,401		175,220
Tele2 AB, Cl B		6,271		127,964
Telefonaktiebolaget LM Ericsson, Cl B		58,746		608,700
TeliaSonera AB		42,988		299,807
Volvo AB, Cl B		27,058		394,267
				6,430,439
Switzerland (2.5%)
ABB Ltd.*		18,779		385,274
Actelion Ltd.*		957		34,985
Adecco SA*		1,141		59,786
Aryzta AG*		741		36,611
Baloise Holding AG		413		33,261
Compagnie Financiere Richemont SA, Cl A		4,530		284,034
Credit Suisse Group AG*		9,859		281,015
GAM Holding AG*		1,852		26,979
Geberit AG*		338		70,730
Givaudan SA*		74		71,319
Glencore International PLC		12,116		75,464
Holcim Ltd.*		2,128		138,849
Julius Baer Group Ltd.*		1,805		72,864
Kuehne + Nagel International AG		467		63,167

See Notes to Financial Statements.

46

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

International Equity Index Fund — continued

	Shares		Value($)
Switzerland—continued
Lindt & Spruengli AG PC		8		25,701
Lindt & Spruengli AG RS		1		37,216
Lonza Group AG*		438		22,640
Nestle SA		30,292		1,906,044
Novartis AG		20,385		1,128,209
Pargesa Holding SA		234		16,823
Roche Holding AG		6,151		1,070,480
Schindler Holding AG PC		418		50,288
Schindler Holding AG RS		186		22,233
SGS SA		48		93,373
Sika AG		19		41,128
Sonova Holding AG*		430		47,778
STMicroelectronics NV		22,792		186,247
Straumann Holding AG*		69		11,741
Sulzer AG		209		29,705
Swatch Group AG (The) BS		270		124,277
Swatch Group AG (The) RS		380		30,541
Swiss Life Holding AG*		264		31,410
Swiss Re Ltd.*		3,053		194,977
Swisscom AG		205		82,867
Syngenta AG*		809		279,704
Synthes, Inc.(e)		567		98,363
Transocean Ltd.		2,722		148,508
UBS AG*		31,501		441,440
Xstrata PLC		30,019		512,805
Zurich Financial Services AG*		1,261		338,893
				8,607,729
United Kingdom (9.7%)
3i Group PLC		14,375		49,205
Admiral Group PLC		2,947		55,952
Aggreko PLC		3,862		138,989
AMEC PLC		4,791		84,908
Anglo American PLC		18,977		709,367
Antofagasta PLC		5,653		104,164
ARM Holdings PLC		19,736		186,881
Associated British Foods PLC		5,222		101,902
AstraZeneca PLC		20,350		904,560
Aviva PLC		40,770		216,177
Babcock International Group PLC		5,234		66,681
BAE Systems PLC		50,117		240,406
Balfour Beatty PLC		9,828		44,880
Barclays PLC		172,057		647,421
BG Group PLC		49,062		1,136,314
BHP Billiton PLC		31,645		965,504
BP PLC		272,465		2,015,830
British American Tobacco PLC		29,034		1,463,089
British Land Co. PLC (The) REIT		12,337		94,699

	Shares		Value($)
United Kingdom—continued
British Sky Broadcasting Group PLC		16,682		180,376
BT Group PLC		113,240		410,073
Bunzl PLC		4,803		77,131
Burberry Group PLC		6,257		149,821
Cairn Energy PLC*		9,166		47,370
Capita Group PLC		9,091		106,513
Capital Shopping Centres Group PLC REIT		8,122		43,053
Carnival PLC		2,679		85,616
Centrica PLC		74,554		377,304
Cobham PLC		16,820		61,636
Compass Group PLC		27,127		284,419
Diageo PLC		36,116		867,958
Eurasian Natural Resources Corp.		3,790		35,918
Fresnillo PLC		2,590		66,200
G4S PLC		20,766		90,512
GlaxoSmithKline PLC		76,139		1,700,719
Hammerson PLC REIT		10,284		68,363
Home Retail Group PLC		13,856		25,265
HSBC Holdings PLC		257,885		2,288,480
ICAP PLC		8,211		51,588
Imperial Tobacco Group PLC		15,161		614,738
Inmarsat PLC		6,827		50,264
InterContinental Hotels Group PLC		4,213		97,913
International Consolidated Airlines Group SA*		53,307		153,495
International Power PLC		22,154		143,513
Intertek Group PLC		2,336		93,822
Invensys PLC		11,855		37,735
Investec PLC		7,058		43,159
ITV PLC		54,622		77,190
J Sainsbury PLC		18,019		89,721
Johnson Matthey PLC		3,106		117,196
Kazakhmys PLC		3,110		45,168
Kingfisher PLC		34,726		170,354
Land Securities Group PLC REIT		11,147		128,819
Legal & General Group PLC		85,188		178,090
Lloyds Banking Group PLC*		610,642		328,228
London Stock Exchange Group PLC		2,191		36,237
Lonmin PLC		2,365		38,660
Man Group PLC		27,778		59,893
Marks & Spencer Group PLC		23,527		142,623
National Grid PLC		51,044		514,771
Next PLC		2,651		126,487
Old Mutual PLC		78,932		200,235
Pearson PLC		11,695		217,927

See Notes to Financial Statements.

47

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

International Equity Index Fund — continued

	Shares		Value($)
United Kingdom—continued
Prudential PLC		36,890		441,067
Reckitt Benckiser Group PLC		8,973		507,068
Reed Elsevier PLC		17,803		158,041
Rexam PLC		12,785		87,545
Rio Tinto PLC		20,991		1,156,999
Rolls-Royce Holdings PLC*		27,381		355,623
Royal Bank of Scotland Group PLC (The)*		259,770		114,845
Royal Dutch Shell PLC, Cl A		51,801		1,809,155
Royal Dutch Shell PLC, Cl B		39,093		1,375,332
RSA Insurance Group PLC		51,177		85,623
SABMiller PLC		13,801		553,965
Sage Group PLC (The)		19,118		91,493
Schroders PLC		1,676		42,356
Scottish & Southern Energy PLC		13,430		285,486
Segro PLC		10,809		40,595
Serco Group PLC		7,289		63,249
Severn Trent PLC		3,450		85,202
Smith & Nephew PLC		13,042		132,153
Smiths Group PLC		5,838		98,235
Standard Chartered PLC		34,351		857,134
Standard Life PLC		33,300		122,346
Subsea 7 SA*		18,061		478,265
Tate & Lyle PLC		7,316		82,499
Tesco PLC		118,002		622,856
TUI Travel PLC		7,541		23,677
Tullow Oil PLC		12,820		313,121
Unilever PLC		18,848		622,242
United Utilities Group PLC		9,887		95,123
Vedanta Resources PLC		1,740		34,177
Vodafone Group PLC		761,765		2,098,160
Weir Group PLC (The)		2,953		83,319
Whitbread PLC		2,571		75,831
WM Morrison Supermarkets PLC		33,063		157,595
Wolseley PLC		4,043		154,168
				33,256,027
Total Common Stocks (Cost $229,022,084)				336,680,791
Preferred Stocks (1.1%)
Germany (1.1%)
Bayerische Motoren Werke AG, 5.13%		2,792		165,835
Fresenius Medical Care AG, 1.30%		10,448		740,479
Henkel AG & Co. KGaA, 1.43%		9,513		697,050
Porsche AG, 1.69%		8,131		479,861
ProSiebenSat.1 Media AG, 6.04%		4,087		105,038

	Shares		Value($)
Germany—continued
RWE AG, 6.00%		2,102		92,415
Volkswagen AG, 2.30%		7,611		1,338,381
Total Preferred Stocks (Cost $1,623,900)				3,619,059
Rights—Foreign (0.0%)(d)
Austria (0.0%)(d)
IMMOEAST AG*(a)(b)(f)		175,419		—
Finland (0.0%)(d)
Outokumpu Oyj, Expires 04/04/12 at 0.79 EUR*(g)		4,000		23,046
Spain (0.0%)(d)
Banco Popular Espanol SA, Expires 04/04/12*(c)(h)		62,642		3,091
Total Rights—Foreign (Cost $35,198)				26,137
Exchange Traded Funds (0.1%)
iShares MSCI Australia Index Fund		700		16,457
iShares MSCI Austria Investable Market Index Fund(c)		337		5,534
iShares MSCI Belgium Investable Market Index Fund(c)		413		5,096
iShares MSCI EAFE Index Fund		2,798		153,610
iShares MSCI EMU Index Fund(c)		3,883		122,509
iShares MSCI Germany Index Fund		1,024		23,829
iShares MSCI Italy Index Fund		1,793		23,452
iShares MSCI Japan Index Fund(c)		10,858		110,535
iShares MSCI Netherlands Investable Market Index Fund		161		3,057
iShares MSCI Singapore Index Fund		216		2,784
iShares MSCI Spain Index Fund(c)		316		9,259
iShares MSCI Sweden Index Fund		198		5,744
iShares MSCI United Kingdom Index Fund(c)		1,131		19,566
Total Exchange Traded Funds (Cost $442,391)				501,432

See Notes to Financial Statements.

48

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

International Equity Index Fund — concluded

	Shares		Value($)
Units (0.0%)(d)
Singapore (0.0%)(d)
Hutchison Port Holdings Trust		98,590		75,421
Total Units (Cost $81,839)				75,421
Short-Term Investment (2.2%)
RidgeWorth Funds Securities Lending Joint Account(i)		7,390,760		7,390,760
Total Short-Term Investment (Cost $7,390,760)				7,390,760
Money Market Fund (0.1%)
State Street Institutional Liquid Reserves Fund, Institutional Class, 0.23%(j)		406,750		406,750
Total Money Market Fund (Cost $406,750)				406,750
Total Investments (Cost $239,002,922) —101.9%				348,700,350
Liabilities in excess of other assets — (1.9)%				(6,407,982	)
Net Assets — 100.0%			$	342,292,368

* Non-income producing security.

(a) The Fund’s adviser/subadviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees (See Note 2).

(b) Valued at fair value using procedures approved by the Board of Trustees (See Note 2).

(c) The security or a partial position of the security was on loan as of March 31, 2012. The total value of securities on loan as of March 31, 2012 was $6,977,918.

(d) Less than 0.05% of Net Assets.

(e) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent less than 0.05% of net assets as of March 31, 2012.

(f) Escrowed rights that are not tradable.

(g) Bonus rights which entitle the holder 7 new shares for every 1 old share exercised.

(h) Bonus rights which entitle the holder 1 new share for every 77 old shares exercised.

(i) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2012 (See Note 2).

(j) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

Investment Abbreviations

BS — Bearer Shares

PC — Participation Certificate

PPS — Partially Protected Shares

REIT — Real Estate Investment Trust

RS — Registered Shares

RSP — Retirement Savings Plan

SP ADR — Sponsored American Depositary Receipt

See Notes to Financial Statements.

49

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Large Cap Core Growth Stock Fund

	Shares		Value($)
Common Stocks (99.3%)
Consumer Discretionary (14.4%)
BorgWarner, Inc.*		9,752		822,484
CBS Corp., Cl B		40,830		1,384,545
Coach, Inc.		17,182		1,327,825
Home Depot, Inc. (The)		14,718		740,463
Las Vegas Sands Corp.		24,607		1,416,625
Macy’s, Inc.		24,401		969,452
McDonald’s Corp.		12,423		1,218,696
Priceline.com, Inc.*		1,745		1,252,037
Ross Stores, Inc.		24,347		1,414,561
				10,546,688
Consumer Staples (15.2%)
Colgate-Palmolive Co.		9,540		932,821
Costco Wholesale Corp.		15,246		1,384,337
Kraft Foods, Inc., Cl A		32,353		1,229,737
Mead Johnson Nutrition Co.		16,464		1,357,951
Monster Beverage Corp.*		25,832		1,603,909
Philip Morris International, Inc.		20,587		1,824,214
Wal-Mart Stores, Inc.		20,983		1,284,160
Whole Foods Market, Inc.		18,067		1,503,174
				11,120,303
Energy (11.2%)
Anadarko Petroleum Corp.		10,528		824,764
Chevron Corp.		17,052		1,828,656
EOG Resources, Inc.		7,655		850,470
Exxon Mobil Corp.		23,641		2,050,384
National Oilwell Varco, Inc.		17,923		1,424,341
Occidental Petroleum Corp.		12,407		1,181,519
				8,160,134
Financials (10.7%)
Capital One Financial Corp.		30,001		1,672,256
Discover Financial Services		48,541		1,618,357
Fifth Third Bancorp		64,159		901,434
JPMorgan Chase & Co.		29,479		1,355,444
Moody’s Corp.		28,178		1,186,294
U.S. Bancorp		34,450		1,091,376
				7,825,161
Health Care (11.4%)
Allergan, Inc.		13,370		1,275,899
Baxter International, Inc.		20,316		1,214,491
Cerner Corp.*		19,902		1,515,736
Humana, Inc.		12,254		1,133,250
Mylan, Inc.*		64,938		1,522,796
UnitedHealth Group, Inc.		28,934		1,705,370
				8,367,542
Industrials (11.0%)
Boeing Co. (The)		16,659		1,238,930
Caterpillar, Inc.		9,359		996,921

	Shares		Value($)
Industrials—continued
Cummins, Inc.		9,741		1,169,309
Danaher Corp.		17,923		1,003,688
Deere & Co.		11,080		896,372
Joy Global, Inc.		11,090		815,115
Norfolk Southern Corp.		12,966		853,552
W.W. Grainger, Inc.		5,141		1,104,338
				8,078,225
Information Technology (23.6%)
Altera Corp.		26,233		1,044,598
Analog Devices, Inc.		23,867		964,227
Apple, Inc.*		6,004		3,599,218
Baidu, Inc. SP ADR*		7,042		1,026,512
Cisco Systems, Inc.		41,422		876,075
Dell, Inc.*		53,839		893,727
Google, Inc., Cl A*		1,952		1,251,701
International Business Machines Corp.		10,817		2,256,967
MasterCard, Inc., Cl A		3,097		1,302,412
Microsoft Corp.		41,922		1,351,985
QUALCOMM, Inc.		20,749		1,411,347
Teradata Corp.*		18,544		1,263,774
				17,242,543
Materials (1.8%)
E.I. du Pont de Nemours & Co.		25,079		1,326,679
Total Common Stocks (Cost $55,119,540)				72,667,275
Money Market Fund (1.2%)
State Street Institutional Liquid Reserves Fund, Institutional Class, 0.23%(a)		843,845		843,845
Total Money Market Fund (Cost $843,845)				843,845
Total Investments (Cost $55,963,385) — 100.5%				73,511,120
Liabilities in excess of other assets — (0.5)%				(357,903	)
Net Assets — 100.0%			$	73,153,217

* Non-income producing security.

(a) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

Investment Abbreviations

SP ADR — Sponsored American Depositary Receipt

See Notes to Financial Statements.

50

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Large Cap Growth Stock Fund

	Shares		Value($)
Common Stocks (97.1%)
Consumer Discretionary (15.2%)
Amazon.com, Inc.*		29,364		5,946,504
Bed Bath & Beyond, Inc.*		58,560		3,851,491
BorgWarner, Inc.*		48,687		4,106,262
Coach, Inc.		78,782		6,088,273
Las Vegas Sands Corp.		89,284		5,140,080
Macy’s, Inc.		107,857		4,285,159
Priceline.com, Inc.*		7,093		5,089,227
Scripps Networks Interactive, Cl A		83,120		4,047,113
Under Armour, Inc., CL A*(a)		28,951		2,721,394
Viacom, Inc., Cl B		55,287		2,623,921
Yum! Brands, Inc.		73,992		5,266,750
				49,166,174
Consumer Staples (8.4%)
Colgate-Palmolive Co.		49,185		4,809,309
Estee Lauder Cos., Inc. (The), Cl A		75,585		4,681,735
Green Mountain Coffee Roasters, Inc.*(a)		43,404		2,033,043
Monster Beverage Corp.*		70,138		4,354,869
Philip Morris International, Inc.		129,351		11,461,792
				27,340,748
Energy (8.9%)
Cameron International Corp.*		92,319		4,877,213
EOG Resources, Inc.		40,084		4,453,332
Halliburton Co.		114,397		3,796,837
National Oilwell Varco, Inc.		51,042		4,056,308
Occidental Petroleum Corp.		41,248		3,928,047
Schlumberger Ltd.		112,309		7,853,768
				28,965,505
Financials (2.6%)
Capital One Financial Corp.		73,754		4,111,048
T. Rowe Price Group, Inc.		67,482		4,406,575
				8,517,623
Health Care (11.6%)
Alexion Pharmaceuticals, Inc.*		57,295		5,320,414
Allergan, Inc.		56,065		5,350,283
Biogen Idec, Inc.*		31,219		3,932,657
Cerner Corp.*		67,981		5,177,433
Express Scripts, Inc.*		102,893		5,574,743
Hospira, Inc.*		55,207		2,064,190
Intuitive Surgical, Inc.*		11,175		6,054,056
Mylan, Inc.*		176,856		4,147,273
				37,621,049
Industrials (12.0%)
BE Aerospace, Inc.*		82,387		3,828,524
Fluor Corp.		61,791		3,709,932
Honeywell International, Inc.		118,992		7,264,461

	Shares		Value($)
Industrials—continued
J.B. Hunt Transport Services, Inc.		98,680		5,365,232
Joy Global, Inc.		22,209		1,632,361
Precision Castparts Corp.		30,993		5,358,690
Textron, Inc.		57,644		1,604,232
Union Pacific Corp.		33,711		3,623,258
United Parcel Service, Inc., Cl B		80,226		6,475,843
				38,862,533
Information Technology (35.2%)
Analog Devices, Inc.		91,698		3,704,599
Apple, Inc.*		50,451		30,243,861
ARM Holdings PLC SP ADR		174,588		4,939,095
ASML Holding NV NYS		77,176		3,869,605
Baidu, Inc. SP ADR*		30,273		4,412,895
Broadcom Corp., Cl A*		101,771		3,999,600
EMC Corp.*		248,106		7,413,407
F5 Networks, Inc.*		37,849		5,108,101
Google, Inc., Cl A*		18,484		11,852,680
Juniper Networks, Inc.*		129,192		2,955,913
NetApp, Inc.*		106,327		4,760,260
Nuance Communications, Inc.*		97,674		2,498,501
Oracle Corp.		297,714		8,681,340
QUALCOMM, Inc.		127,854		8,696,629
Salesforce.com, Inc.*		26,630		4,114,601
VeriFone Systems, Inc.*		38,496		1,996,788
Visa, Inc., Cl A		42,349		4,997,182
				114,245,057
Materials (3.2%)
International Paper Co.		102,653		3,603,120
Praxair, Inc.		57,867		6,633,873
				10,236,993
Total Common Stocks (Cost $171,573,191)				314,955,682
Short-Term Investment (1.1%)
RidgeWorth Funds Securities Lending Joint Account(b)		3,476,025		3,476,025
Total Short-Term Investment (Cost $3,476,025)				3,476,025
Money Market Fund (2.0%)
State Street Institutional Liquid Reserves Fund, Institutional Class, 0.23%(c)		6,659,854		6,659,854
Total Money Market Fund (Cost $6,659,854)				6,659,854
Total Investments (Cost $181,709,070) — 100.2%				325,091,561
Liabilities in excess of other assets — (0.2)%				(784,588	)
Net Assets — 100.0%			$	324,306,973

See Notes to Financial Statements.

51

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Large Cap Growth Stock Fund — concluded

* Non-income producing security.

(a) The security or a partial position of the security was on loan as of March 31, 2012. The total value of securities on loan as of March 31, 2012 was $3,402,290.

(b) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2012 (See Note 2).

(c) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

Investment Abbreviations

NYS — New York Registered Shares

SP ADR — Sponsored American Depositary Receipt

See Notes to Financial Statements.

52

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Large Cap Value Equity Fund

	Shares		Value($)
Common Stocks (96.1%)
Consumer Discretionary (9.5%)
Comcast Corp., Cl A		1,127,601		33,839,306
Hasbro, Inc.		443,900		16,300,008
Honda Motor Co. Ltd. SP ADR(a)		863,300		33,176,619
International Game Technology		1,398,245		23,476,533
Johnson Controls, Inc.		738,550		23,988,104
Kohl’s Corp.		226,300		11,321,789
Lowe’s Cos., Inc.		713,850		22,400,613
Scripps Networks Interactive, Cl A		520,820		25,358,726
Walt Disney Co. (The)		529,850		23,196,833
				213,058,531
Consumer Staples (6.6%)
Avon Products, Inc.		1,200,750		23,246,520
ConAgra Foods, Inc.		475,374		12,483,321
CVS Caremark Corp.		246,400		11,038,720
Kraft Foods, Inc., Cl A		308,999		11,745,052
PepsiCo, Inc.		525,859		34,890,745
Procter & Gamble Co. (The)		818,000		54,977,780
				148,382,138
Energy (10.8%)
Baker Hughes, Inc.		1,333,700		55,935,378
Chevron Corp.		418,000		44,826,320
ConocoPhillips		849,307		64,555,825
National Oilwell Varco, Inc.		152,600		12,127,122
Occidental Petroleum Corp.		423,150		40,296,574
QEP Resources, Inc.		759,208		23,155,844
				240,897,063
Financials (18.7%)
Aon Corp.*		692,000		33,949,520
Citigroup, Inc.		398,560		14,567,368
Comerica, Inc.		580,200		18,775,272
Franklin Resources, Inc.		239,800		29,742,394
JPMorgan Chase & Co.		1,620,316		74,502,130
MetLife, Inc.		668,700		24,975,945
Northern Trust Corp.		505,758		23,998,217
Prudential Financial, Inc.		412,751		26,164,286
Realty Income Corp., REIT		569,100		22,041,243
Travelers Cos., Inc. (The)		673,900		39,894,880
U.S. Bancorp		1,251,100		39,634,848
Wells Fargo & Co.		2,063,600		70,451,304
				418,697,407
Health Care (12.4%)
Baxter International, Inc.		746,750		44,640,715
Cigna Corp.		1,366,950		67,322,287
Johnson & Johnson		841,500		55,505,340
Medtronic, Inc.		688,550		26,984,275

	Shares		Value($)
Health Care—continued
Merck & Co., Inc.		1,055,350		40,525,440
Pfizer, Inc.		1,839,700		41,687,602
				276,665,659
Industrials (13.9%)
ABB Ltd. SP ADR*(a)		1,144,800		23,365,368
Cummins, Inc.		98,700		11,847,948
Dover Corp.		526,800		33,156,792
Eaton Corp.		487,400		24,287,142
Emerson Electric Co.		450,250		23,494,045
Flowserve Corp.		103,177		11,917,975
General Electric Co.		3,262,700		65,482,389
Ingersoll-Rand PLC		627,600		25,951,260
Joy Global, Inc.		152,900		11,238,150
Republic Services, Inc.		399,598		12,211,715
Tyco International Ltd.		379,999		21,348,344
Union Pacific Corp.		151,850		16,320,838
United Parcel Service, Inc., Cl B		362,436		29,255,834
				309,877,800
Information Technology (11.4%)
Broadcom Corp., Cl A*		434,700		17,083,710
Cisco Systems, Inc.		2,220,600		46,965,690
Corning, Inc.		1,720,600		24,226,048
Harris Corp.		283,825		12,794,831
Hewlett-Packard Co.		1,909,600		45,505,768
Microsoft Corp.		715,300		23,068,425
Motorola Solutions, Inc.		397,400		20,199,842
Texas Instruments, Inc.		1,328,200		44,640,802
Xerox Corp.		2,640,050		21,331,604
				255,816,720
Materials (2.7%)
Airgas, Inc.		190,568		16,954,835
Allegheny Technologies, Inc.		572,300		23,561,591
Ashland, Inc.		335,350		20,476,471
				60,992,897
Telecommunication Services (4.0%)
AT&T, Inc.		1,759,050		54,935,131
Windstream Corp.(a)		2,954,050		34,591,926
				89,527,057
Utilities (6.1%)
NextEra Energy, Inc.		633,700		38,706,396
PG&E Corp.		940,126		40,810,870
PPL Corp.		2,000,350		56,529,891
				136,047,157
Total Common Stocks (Cost $1,838,686,611)				2,149,962,429

See Notes to Financial Statements.

53

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Large Cap Value Equity Fund — concluded

	Shares		Value($)
Short-Term Investment (0.8%)
RidgeWorth Funds Securities Lending Joint Account(b)		16,840,375		16,840,375
Total Short-Term Investment (Cost $16,840,375)				16,840,375
Money Market Fund (3.6%)
State Street Institutional Liquid Reserves Fund, Institutional Class, 0.23%(c)		81,095,514		81,095,514
Total Money Market Fund (Cost $81,095,514)				81,095,514
Total Investments (Cost $1,936,622,500) — 100.5%				2,247,898,318
Liabilities in excess of other assets — (0.5)%				(11,654,964	)
Net Assets — 100.0%			$	2,236,243,354

* Non-income producing security.

(a) The security or a partial position of the security was on loan as of March 31, 2012. The total value of securities on loan as of March 31, 2012 was $16,347,552.

(b) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2012 (See Note 2).

(c) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

Investment Abbreviations

REIT — Real Estate Investment Trust

SP ADR — Sponsored American Depositary Receipt

See Notes to Financial Statements.

54

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Mid-Cap Value Equity Fund

	Shares		Value($)
Common Stocks (96.2%)
Consumer Discretionary (9.9%)
Abercrombie & Fitch Co., Cl A		354,900		17,606,589
Allison Transmission Holdings, Inc.*		448,200		10,703,016
Arcos Dorados Holdings, Inc., Cl A		602,500		10,899,225
Cooper Tire & Rubber Co.		670,500		10,205,010
Hasbro, Inc.		559,000		20,526,480
International Game Technology		1,997,800		33,543,062
Johnson Controls, Inc.		846,500		27,494,320
M.D.C. Holdings, Inc.		401,500		10,354,685
Scripps Networks Interactive, Cl A		654,600		31,872,474
Whirlpool Corp.		157,900		12,136,194
Williams-Sonoma, Inc.		768,200		28,792,136
				214,133,191
Consumer Staples (5.0%)
Avon Products, Inc.		1,782,000		34,499,520
ConAgra Foods, Inc.		836,900		21,976,994
Kellogg Co.		447,200		23,983,336
Molson Coors Brewing Co., Cl B		618,900		28,005,225
				108,465,075
Energy (10.5%)
Baker Hughes, Inc.		1,328,800		55,729,872
CARBO Ceramics, Inc.(a)		307,200		32,394,240
Noble Energy, Inc.		130,000		12,711,400
Peabody Energy Corp.		774,800		22,438,208
QEP Resources, Inc.		1,675,100		51,090,550
Talisman Energy, Inc.		2,618,600		32,994,360
Tidewater, Inc.		349,300		18,869,186
				226,227,816
Financials (23.2%)
AllianceBernstein Holding LP(a)		1,657,600		25,875,136
Allstate Corp. (The)		864,400		28,456,048
American Realty Capital Trust, Inc.		1,891,900		19,429,813
Aon Corp.*		623,800		30,603,628
Comerica, Inc.		814,100		26,344,276
Fifth Third Bancorp		1,923,800		27,029,390
Hancock Holding Co.		739,800		26,270,298
Hanover Insurance Group, Inc. (The)		1,061,900		43,665,328
Lazard Ltd., Cl A		2,077,300		59,327,688
MB Financial, Inc.		1,193,250		25,046,317
Mid-America Apartment Communities, Inc., REIT		503,900		33,776,417

	Shares		Value($)
Financials—continued
National Retail Properties, Inc. REIT(a)		822,900		22,374,651
PartnerRe Ltd.		590,965		40,120,614
Raymond James Financial, Inc.		849,600		31,035,888
Realty Income Corp., REIT(a)		520,000		20,139,600
Regions Financial Corp.		2,671,500		17,605,185
Weyerhaeuser Co., REIT		1,013,000		22,204,960
				499,305,237
Health Care (8.1%)
Cigna Corp.		1,454,800		71,648,900
Cooper Cos., Inc. (The)		106,800		8,726,628
St Jude Medical, Inc.		1,240,800		54,979,848
STERIS Corp.		1,245,800		39,392,196
				174,747,572
Industrials (9.2%)
Bombardier, Inc., Cl B(a)		3,089,400		12,802,474
Dover Corp.		242,000		15,231,480
Eaton Corp.		502,000		25,014,660
Flowserve Corp.		128,300		14,819,933
Ingersoll-Rand PLC		361,600		14,952,160
Interface, Inc., Cl A		1,354,300		18,892,485
Joy Global, Inc.		308,100		22,645,350
Parker Hannifin Corp.		183,700		15,531,835
Republic Services, Inc.		351,300		10,735,728
Rockwell Automation, Inc.		163,700		13,046,890
Stanley Black & Decker, Inc.		255,900		19,694,064
Timken Co. (The)		302,800		15,364,072
				198,731,131
Information Technology (9.9%)
Broadcom Corp., Cl A*		281,900		11,078,670
Broadridge Financial Solutions, Inc.		767,300		18,346,143
Corning, Inc.		2,692,800		37,914,624
Harris Corp.		482,100		21,733,068
Intersil Corp., Cl A		3,505,900		39,266,080
Maxim Integrated Products, Inc.		900,600		25,748,154
Motorola Solutions, Inc.		496,500		25,237,095
Xerox Corp.		4,164,800		33,651,584
				212,975,418
Materials (6.9%)
Allegheny Technologies, Inc.		563,700		23,207,529
Ashland, Inc.		682,000		41,642,920
Cabot Corp.		1,075,300		45,893,804

See Notes to Financial Statements.

55

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Mid-Cap Value Equity Fund — concluded

	Shares		Value($)
Materials—continued
Sealed Air Corp.		1,982,000		38,272,420
				149,016,673
Telecommunication Services (4.3%)
CenturyLink, Inc.		1,272,000		49,162,800
Windstream Corp.(a)		3,712,600		43,474,546
				92,637,346
Utilities (9.2%)
CenterPoint Energy, Inc.		2,037,600		40,181,472
FirstEnergy Corp.		484,800		22,102,032
NRG Energy, Inc.*		1,379,400		21,615,198
NV Energy, Inc.		704,200		11,351,704
PG&E Corp.		940,200		40,814,082
PPL Corp.		1,142,700		32,292,702
UGI Corp.		1,063,300		28,974,925
				197,332,115
Total Common Stocks (Cost $1,926,686,331)				2,073,571,574
Short-Term Investment (4.5%)
RidgeWorth Funds Securities Lending Joint Account(b)		97,761,635		97,761,635
Total Short-Term Investment (Cost $97,761,635)				97,761,635

	Shares		Value($)
Money Market Fund (2.4%)
State Street Institutional Liquid Reserves Fund, Institutional Class, 0.23%(c)		51,637,927		51,637,927
Total Money Market Fund (Cost $51,637,927)				51,637,927
Total Investments (Cost $2,076,085,893) — 103.1%				2,222,971,136
Liabilities in excess of other assets — (3.1)%				(67,781,538	)
Net Assets — 100.0%			$	2,155,189,598

* Non-income producing security.

(a) The security or a partial position of the security was on loan as of March 31, 2012. The total value of securities on loan as of March 31, 2012 was $95,102,855.

(b) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2012 (See Note 2).

(c) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

Investment Abbreviations

REIT — Real Estate Investment Trust

See Notes to Financial Statements.

56

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Select Large Cap Growth Stock Fund

	Shares		Value($)
Common Stocks (97.3%)
Consumer Discretionary (17.6%)
Amazon.com, Inc.*		6,163		1,248,069
BorgWarner, Inc.*		12,886		1,086,805
Coach, Inc.		15,931		1,231,148
Las Vegas Sands Corp.		27,021		1,555,599
Macy’s, Inc.		34,182		1,358,051
Priceline.com, Inc.*		2,328		1,670,340
Viacom, Inc., Cl B		18,770		890,824
				9,040,836
Consumer Staples (14.4%)
Costco Wholesale Corp.		8,599		780,789
Estee Lauder Cos., Inc. (The), Cl A		16,894		1,046,414
Mead Johnson Nutrition Co.		15,548		1,282,399
Monster Beverage Corp.*		22,305		1,384,917
Philip Morris International, Inc.		17,427		1,544,207
Whole Foods Market, Inc.		16,150		1,343,680
				7,382,406
Energy (8.0%)
Cameron International Corp.*		16,944		895,152
EOG Resources, Inc.		9,295		1,032,674
Halliburton Co.		30,283		1,005,093
Occidental Petroleum Corp.		12,586		1,198,565
				4,131,484
Financials (2.5%)
Capital One Financial Corp.		22,836		1,272,879
Health Care (13.3%)
Agilent Technologies, Inc.		23,613		1,051,015
Alexion Pharmaceuticals, Inc.*		12,960		1,203,466
Allergan, Inc.		12,250		1,169,017
Cerner Corp.*		7,933		604,177
Express Scripts, Inc.*		21,666		1,173,864
Intuitive Surgical, Inc.*		2,975		1,611,706
				6,813,245
Industrials (8.0%)
Joy Global, Inc.		11,256		827,316
Precision Castparts Corp.		5,242		906,342
Union Pacific Corp.		11,898		1,278,797
W.W. Grainger, Inc.		5,194		1,115,723
				4,128,178

	Shares		Value($)
Information Technology (31.2%)
Analog Devices, Inc.		32,696		1,320,918
Apple, Inc.*		7,220		4,328,174
ARM Holdings PLC SP ADR		24,304		687,560
ASML Holding NV NYS		20,136		1,009,619
Baidu, Inc. SP ADR*		6,088		887,448
F5 Networks, Inc.*		9,357		1,262,821
Google, Inc., Cl A*		2,776		1,780,082
NetApp, Inc.*		22,447		1,004,952
QUALCOMM, Inc.		26,583		1,808,176
Visa, Inc., Cl A		16,274		1,920,332
				16,010,082
Materials (2.3%)
Praxair, Inc.		10,280		1,178,499
Total Common Stocks (Cost $35,551,390)				49,957,609
Money Market Fund (2.7%)
State Street Institutional Liquid Reserves Fund, Institutional Class, 0.23%(a)		1,384,665		1,384,665
Total Money Market Fund (Cost $1,384,665)				1,384,665
Total Investments (Cost $36,936,055) — 100.0%				51,342,274
Other assets in excess of liabilities — 0.0%(b)				5,166
Net Assets — 100.0%			$	51,347,440

* Non-income producing security.

(a) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

(b) Less than 0.05% of Net Assets.

Investment Abbreviations

NYS — New York Registered Shares

SP ADR — Sponsored American Depositary Receipt

See Notes to Financial Statements.

57

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Small Cap Growth Stock Fund

	Shares		Value($)
Common Stocks (99.0%)
Consumer Discretionary (12.6%)
AscenaRetail Group, Inc.*		53,410		2,367,131
Body Central Corp.*		58,959		1,710,990
Buffalo Wild Wings, Inc.*		29,343		2,661,117
Chico’s FAS, Inc.		191,714		2,894,881
Cooper Tire & Rubber Co.		136,069		2,070,970
Crocs, Inc.*		149,307		3,123,502
DSW, Inc., Cl A		44,618		2,443,728
eLong, Inc. SP ADR*		7,849		116,165
Hibbett Sports, Inc.*		33,945		1,851,700
Life Time Fitness, Inc.*		62,749		3,173,217
Makemytrip Ltd.*(a)		23,231		533,616
Modine Manufacturing Co.*		73,678		650,577
Ruby Tuesday, Inc.*		246,901		2,254,206
Skullcandy, Inc.*(a)		103,055		1,631,361
Sonic Automotive, Inc., Cl A(a)		156,133		2,796,342
Steven Madden Ltd.*		94,314		4,031,924
Vera Bradley, Inc.*(a)		55,255		1,668,148
				35,979,575
Consumer Staples (2.9%)
Hain Celestial Group, Inc. (The)*		62,574		2,741,367
Inter Parfums, Inc.		117,617		1,845,411
Nu Skin Enterprises, Inc., Cl A		62,752		3,633,968
				8,220,746
Energy (8.7%)
Basic Energy Services, Inc.*		122,899		2,132,298
GeoResources, Inc.*		59,134		1,936,047
Gulfport Energy Corp.*		88,407		2,574,412
Hornbeck Offshore Services, Inc.*		55,779		2,344,391
Kodiak Oil & Gas Corp.*(a)		360,226		3,587,851
Lufkin Industries, Inc.		53,385		4,305,500
Mitcham Industries, Inc.*		49,352		1,108,446
Oasis Petroleum, Inc.*		42,215		1,301,489
Pioneer Drilling Co.*		144,928		1,275,366
Stone Energy Corp.*		77,672		2,220,643
World Fuel Services Corp.		51,017		2,091,697
				24,878,140
Financials (5.4%)
Cardtronics, Inc.*		54,055		1,418,944
Cathay General Bancorp		101,927		1,804,108
Encore Capital Group, Inc.*		131,389		2,962,822
Portfolio Recovery Associates, Inc.*		49,380		3,541,534
Stifel Financial Corp.*		73,009		2,762,660
World Acceptance Corp.*(a)		46,821		2,867,786
				15,357,854

	Shares		Value($)
Health Care (17.4%)
ABIOMED, Inc.*		62,816		1,393,887
AVANIR Pharmaceuticals, Inc.*(a)		379,158		1,296,720
Catalyst Health Solutions, Inc.*		46,081		2,936,742
Cubist Pharmaceuticals, Inc.*		80,177		3,467,655
Endologix, Inc.*		144,549		2,117,643
HealthSouth Corp.*		43,536		891,617
HeartWare International, Inc.*(a)		20,460		1,344,017
HMS Holdings Corp.*		112,761		3,519,271
ICON PLC SP ADR*		129,055		2,738,547
Impax Laboratories, Inc.*		92,925		2,284,097
Incyte Corp. Ltd.*(a)		97,085		1,873,741
Medicines Co. (The)*		98,007		1,967,000
Medicis Pharmaceutical Corp., Cl A		57,875		2,175,521
Medidata Solutions, Inc.*		55,583		1,480,731
Medivation, Inc.*		21,407		1,599,531
Neogen Corp.*		28,761		1,123,692
NuVasive, Inc.*		68,340		1,150,846
Onyx Pharmaceuticals, Inc.*		64,488		2,429,908
Par Pharmaceutical Cos., Inc.*		38,423		1,488,123
PSS World Medical, Inc.*		66,379		1,682,044
Quality Systems, Inc.(a)		73,753		3,225,219
Questcor Pharmaceuticals, Inc.*(a)		82,929		3,119,789
Salix Pharmaceuticals Ltd.*		31,392		1,648,080
Team Health Holdings, Inc.*		71,084		1,461,487
Viropharma, Inc.*		45,426		1,365,960
				49,781,868
Industrials (19.9%)
AAR Corp.		137,940		2,517,405
Acacia Research—Acacia Technologies*		89,442		3,733,309
Alaska Air Group, Inc.*		50,100		1,794,582
American Science & Engineering, Inc.		16,995		1,139,515
Barnes Group, Inc.		104,240		2,742,554
Corporate Executive Board Co. (The)		48,873		2,102,028
EnPro Industries, Inc.*		25,071		1,030,418
Forward Air Corp.		66,674		2,444,936
Hexcel Corp.*		144,178		3,461,714
Higher One Holdings, Inc.*(a)		65,406		977,820
Hub Group, Inc., Cl A*		103,335		3,723,160
InnerWorkings, Inc.*(a)		244,457		2,847,924
Kforce, Inc.*		112,332		1,673,747

See Notes to Financial Statements.

58

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Small Cap Growth Stock Fund — concluded

	Shares		Value($)
Industrials—continued
Knight Transportation, Inc.		113,087		1,997,116
MasTec, Inc.*		163,621		2,959,904
Mistras Group, Inc.*		97,244		2,316,352
MYR Group, Inc.*		112,686		2,012,572
Raven Industries, Inc.		40,589		2,476,335
Ryder System, Inc.		32,760		1,729,728
Terex Corp.*		94,901		2,135,273
Titan Machinery, Inc.*		76,389		2,154,170
Triumph Group, Inc.		27,270		1,708,738
TrueBlue, Inc.*		81,746		1,461,618
Valmont Industries, Inc.		24,359		2,859,990
Woodward, Inc.		70,676		3,027,053
				57,027,961
Information Technology (26.2%)
Ariba, Inc.*		80,629		2,637,375
Aruba Networks, Inc.*(a)		144,103		3,210,615
Bottomline Technologies, Inc.*		78,262		2,186,640
BroadSoft, Inc.*(a)		72,106		2,758,055
Calix, Inc.*		134,537		1,147,601
Cavium, Inc.*		49,417		1,528,962
Cirrus Logic, Inc.*(a)		206,863		4,923,339
Coherent, Inc.*		57,853		3,374,565
Concur Technologies, Inc.*(a)		72,624		4,167,165
Euronet Worldwide, Inc.*		115,316		2,408,951
Finisar Corp.*		88,298		1,779,205
Inphi Corp.*		307,824		4,364,944
InterDigital, Inc.(a)		18,229		635,463
Keynote Systems, Inc.		69,986		1,382,923
NETGEAR, Inc.*		79,934		3,053,479
NetSuite, Inc.*		80,834		4,065,142
NIC, Inc.		121,116		1,469,137
OpenTable, Inc.*(a)		39,828		1,611,839
OPNET Technologies, Inc.		58,702		1,702,358
QLIK Technologies, Inc.*		123,451		3,950,432
Sapient Corp.		88,523		1,102,111
Semtech Corp.*		104,213		2,965,902
ServiceSource International, Inc.*(a)		131,189		2,030,806
SolarWinds, Inc.*		111,237		4,299,310
Sourcefire, Inc.*		63,893		3,075,170
Stratasys, Inc.*		59,130		2,159,428
Tangoe, Inc.*		30,932		581,831
Ultimate Software Group, Inc.*		44,623		3,269,973
Universal Display Corp.*(a)		25,339		925,634
VeriFone Systems, Inc.*		41,440		2,149,493
				74,917,848

	Shares		Value($)
Materials (4.5%)
Balchem Corp.		30,538		923,775
Buckeye Technologies, Inc.		80,001		2,717,634
Flotek Industries, Inc.*(a)		185,161		2,225,635
Haynes International, Inc.		42,423		2,687,497
HB Fuller Co.		48,863		1,604,172
Zagg, Inc.*(a)		256,153		2,722,906
				12,881,619
Telecommunication Services (1.4%)
8x8, Inc.*(a)		487,095		2,045,799
Cogent Communications Group, Inc.*		101,876		1,943,794
				3,989,593
Total Common Stocks     (Cost $218,522,684)				283,035,204
Short-Term Investment (13.9%)
RidgeWorth Funds Securities Lending Joint Account(b)		39,901,721		39,901,721
Total Short-Term Investment     (Cost $39,901,721)				39,901,721
Money Market Fund (1.1%)
State Street Institutional Liquid Reserves Fund, Institutional Class, 0.23%(c)		3,066,273		3,066,273
Total Money Market Fund (Cost $3,066,273)				3,066,273
Total Investments (Cost $261,490,678) — 114.0%				326,003,198
Liabilities in excess of other assets — (14.0)%				(40,148,965	)
Net Assets — 100.0%			$	285,854,233

* Non-income producing security.

(a) The security or a partial position of the security was on loan as of March 31, 2012. The total value of securities on loan as of March 31, 2012 was $38,683,932.

(b) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2012 (See Note 2).

(c) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

Investment Abbreviations

SP ADR — Sponsored American Depositary Receipt

See Notes to Financial Statements.

59

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Small Cap Value Equity Fund

	Shares		Value($)
Common Stocks (98.6%)
Consumer Discretionary (15.3%)
Brunswick Corp.		466,100		12,002,075
Cracker Barrel Old Country Store, Inc.		172,500		9,625,500
Destination Maternity Corp.		175,629		3,261,431
Einstein Noah Restaurant Group, Inc.		313,400		4,675,928
Gafisa SA ADR		786,800		3,713,696
Guess?, Inc.		941,154		29,411,062
HSN, Inc.		1,012,700		38,512,981
Lithia Motors, Inc., Cl A		312,800		8,195,360
M.D.C. Holdings, Inc.		440,900		11,370,811
Meredith Corp.		423,400		13,743,564
NutriSystem, Inc.		716,550		8,046,857
Sonic Automotive, Inc., Cl A		791,900		14,182,929
Sotheby’s		901,300		35,457,142
Thor Industries, Inc.		577,000		18,210,120
				210,409,456
Consumer Staples (1.8%)
WD-40 Co.		556,150		25,221,403
Energy (7.5%)
Berry Petroleum Co., Cl A		367,900		17,339,127
Bristow Group, Inc.		576,300		27,506,799
CARBO Ceramics, Inc.		392,400		41,378,580
Patterson-UTI Energy, Inc.		1,014,200		17,535,518
				103,760,024
Financials (25.3%)
American Realty Capital Trust, Inc.		2,124,700		21,820,669
Banco Latinoamericano de Expectaciones SA, Cl E		267,650		5,650,092
Bank of Hawaii Corp.		109,600		5,299,160
Campus Crest Communities, Inc. REIT		712,800		8,311,248
Cash America International, Inc.		749,550		35,925,931
Cash Store Financial Services, Inc. (The)		199,041		1,174,342
Compass Diversified Holdings		505,400		7,474,866
E-House China Holdings Ltd. ADS		767,300		4,450,340
Evercore Partners, Inc., Cl A		468,150		13,609,120
Hancock Holding Co.		666,274		23,659,390
Hanover Insurance Group, Inc. (The)		679,250		27,930,760

	Shares		Value($)
Financials—continued
HCC Insurance Holdings, Inc.		1,070,000		33,351,900
Horace Mann Educators Corp.		578,500		10,193,170
JMP Group, Inc.		650,600		4,801,428
Lazard Ltd., Cl A		164,700		4,703,832
Mid-America Apartment Communities, Inc., REIT		211,800		14,196,954
Monmouth Real Estate Investment Corp., Cl A REIT		114,700		1,117,178
National Retail Properties, Inc. REIT		484,750		13,180,352
Oppenheimer Holdings, Inc., Cl A		224,500		3,895,075
Protective Life Corp.		618,500		18,319,970
StanCorp Financial Group, Inc.		843,100		34,516,514
Starwood Property Trust, Inc., REIT		507,400		10,665,548
Summit Hotel Properties, Inc., REIT		72,300		548,034
Tanger Factory Outlet Centers, Inc., REIT		69,200		2,057,316
Tower Group, Inc.		297,850		6,680,776
Trust Co Bank Corp. NY		397,100		2,267,441
UMB Financial Corp.		494,850		22,137,115
Washington Real Estate Investment Trust		342,350		10,167,795
				348,106,316
Health Care (4.7%)
Cooper Cos., Inc. (The)		125,396		10,246,107
Ensign Group, Inc.		334,400		9,082,304
Landauer, Inc.		162,800		8,631,656
STERIS Corp.		570,657		18,044,174
Teleflex, Inc.		316,400		19,347,860
				65,352,101
Industrials (28.8%)
A.O. Smith Corp.		1,036,475		46,589,551
ABM Industries, Inc.		585,400		14,225,220
Brink’s Co. (The)		411,200		9,815,344
China Yuchai International Ltd.		138,800		2,202,756
Copa Holdings SA, Cl A		427,507		33,858,554
Corrections Corp. of America*		471,200		12,868,472
Crane Co.		269,600		13,075,600
GATX Corp.		304,071		12,254,061

See Notes to Financial Statements.

60

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Small Cap Value Equity Fund — concluded

	Shares		Value($)
Industrial—continued
Grupo Aeroportuario del Pacifico SA de CV SP ADR		352,876		12,837,629
Harsco Corp.		459,800		10,786,908
Herman Miller, Inc.		495,800		11,383,568
Interface, Inc., Cl A		2,439,871		34,036,201
Knoll, Inc.		91,200		1,517,568
Lennox International, Inc.		602,100		24,264,630
LSI Industries, Inc.		177,265		1,299,352
Mine Safety Appliances Co.		417,300		17,142,684
Nordson Corp.		178,500		9,730,035
Progressive Waste Solutions Ltd.		1,724,950		37,396,916
Ryder System, Inc.		186,100		9,826,080
Snap-on, Inc.		512,350		31,237,980
Tennant Co.		152,300		6,701,200
UTi Worldwide, Inc.		846,600		14,586,918
Viad Corp.		544,500		10,579,635
Watsco, Inc.		236,200		17,488,248
				395,705,110
Information Technology (5.9%)
Aixtron AG SP ADR		1,348,420		23,368,119
Black Box Corp.		239,850		6,118,573
Booz Allen Hamilton Holding Corp.		760,700		12,954,721
Cohu, Inc.		191,253		2,174,547
Intersil Corp., Cl A		1,935,740		21,680,288
Plantronics, Inc.		355,250		14,302,365
				80,598,613
Materials (8.2%)
A. Schulman, Inc.		454,200		12,272,484
Buckeye Technologies, Inc.		400,100		13,591,397
Cabot Corp.		420,300		17,938,404
Carpenter Technology Corp.		266,400		13,914,072
Globe Specialty Metals, Inc.		731,100		10,871,457
Haynes International, Inc.		135,000		8,552,250
Olin Corp.		824,900		17,941,575
Schnitzer Steel Industries, Inc., Cl A		174,500		6,961,677
Sensient Technologies Corp.		277,965		10,562,670
				112,605,986

	Shares		Value($)
Utilities (1.1%)
Avista Corp.		281,450		7,199,491
California Water Service Group		435,500		7,930,455
				15,129,946
Total Common Stocks (Cost $1,227,248,240)				1,356,888,955
Money Market Fund (2.0%)
State Street Institutional Liquid Reserves Fund, Institutional Class, 0.23%(a)		28,332,114		28,332,114
Total Money Market Fund (Cost $28,332,114)				28,332,114
Total Investments (Cost $1,255,580,354) — 100.6%				1,385,221,069
Liabilities in excess of other assets — (0.6)%				(8,921,342	)
Net Assets — 100.0%			$	1,376,299,727

* Non-income producing security.

(a) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

Investment Abbreviations

ADR — American Depositary Receipt

ADS — American Depositary Shares

REIT — Real Estate Investment Trust

SP ADR — Sponsored American Depositary Receipt

See Notes to Financial Statements.

61

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Aggressive Growth Allocation Strategy

	Shares		Value($)
Equity Funds (76.6%)(a)
RidgeWorth Aggressive Growth Stock Fund*		58,984		940,206
RidgeWorth International Equity Fund		134,752		1,447,240
RidgeWorth International Equity Index Fund		42,588		497,428
RidgeWorth Large Cap Core Growth Stock Fund		19,637		290,634
RidgeWorth Large Cap Growth Stock Fund		312,005		4,040,471
RidgeWorth Large Cap Value Equity Fund		365,675		5,035,339
RidgeWorth Mid-Cap Value Equity Fund		186,519		2,064,763
RidgeWorth Select Large Cap Growth Stock Fund*		72,234		2,448,003
RidgeWorth Small Cap Growth Stock Fund*		65,338		1,124,465
RidgeWorth Small Cap Value Equity Fund		80,398		1,109,499
Total Equity Funds     (Cost $14,786,040)				18,998,048
Exchange Traded Funds (19.0%)
Consumer Discretionary Select Sector SPDR Fund		652		29,405
Consumer Staples Select Sector SPDR Fund		840		28,627
Energy Select Sector SPDR Fund		421		30,198
Financial Select Sector SPDR Fund		2,523		39,813
Health Care Select Sector SPDR Fund		811		30,486
Industrial Select Sector SPDR Fund		754		28,215
iShares Dow Jones U.S. Real Estate Index Fund		7,410		461,569
iShares MSCI Emerging Markets Index Fund		26,047		1,118,458
iShares Russell 2000 Index Fund		356		29,495
iShares S&P 500 Index Fund		16,629		2,348,181
Market Vectors Gold Miners Fund		9,774		484,497
Materials Select Sector SPDR Fund		252		9,316
Technology Select Sector SPDR Fund		2,201		66,360

	Shares		Value($)
Exchange Traded Funds—continued
Utilities Select Sector SPDR Fund		132		4,627
Total Exchange Traded Funds     (Cost $4,401,705)				4,709,247
Money Market Fund (5.0%)
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(b)		1,237,944		1,237,944
Total Money Market Fund     (Cost $1,237,944)				1,237,944
Total Investments     (Cost $20,425,689) — 100.6%				24,945,239
Liabilities in excess of other assets — (0.6)%				(159,667	)
Net Assets — 100.0%			$	24,785,572

* Non-income producing security.

(a) Affiliated investment. Investment is in each Fund’s I Shares.

(b) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

See Notes to Financial Statements.

62

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Conservative Allocation Strategy

	Shares		Value($)
Equity Funds (27.9%)(a)
RidgeWorth Aggressive Growth Stock Fund*		34,502		549,957
RidgeWorth International Equity Fund		119,564		1,284,117
RidgeWorth International Equity Index Fund		34,303		400,654
RidgeWorth Large Cap Core Growth Stock Fund		14,086		208,479
RidgeWorth Large Cap Growth Stock Fund		340,816		4,413,569
RidgeWorth Large Cap Value Equity Fund		303,899		4,184,694
RidgeWorth Mid-Cap Value Equity Fund		171,419		1,897,607
RidgeWorth Select Large Cap Growth Stock Fund*		46,118		1,562,945
RidgeWorth Small Cap Growth Stock Fund*		53,100		913,854
RidgeWorth Small Cap Value Equity Fund		65,426		902,872
Total Equity Funds     (Cost $14,027,785)				16,318,748
Fixed Income Funds (61.1%)(a)
RidgeWorth Corporate Bond Fund		399,052		3,731,140
RidgeWorth High Income Fund		312,910		2,155,949
RidgeWorth Intermediate Bond Fund		1,283,517		13,412,749
RidgeWorth Seix Floating Rate High Income Fund		95,875		846,577
RidgeWorth Seix High Yield Fund		228,754		2,216,630
RidgeWorth Total Return Bond Fund		988,955		10,651,040
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund		261,098		2,647,529
Total Fixed Income Funds     (Cost $35,548,832)				35,661,614
Exchange Traded Funds (8.8%)
Consumer Discretionary Select Sector SPDR Fund		698		31,480
Consumer Staples Select Sector SPDR Fund		893		30,433
Energy Select Sector SPDR Fund		452		32,422
Financial Select Sector SPDR Fund		2,706		42,701

	Shares		Value($)
Exchange Traded Funds—continued
Health Care Select Sector SPDR Fund		870		32,703
Industrial Select Sector SPDR Fund		808		30,235
iShares Barclays 20+ Year Treasury Bond Fund		8,776		984,667
iShares Barclays U.S. Treasury Inflation Protected Securities Fund		334		39,296
iShares Dow Jones U.S. Real Estate Index Fund		6,240		388,690
iShares MSCI Emerging Markets Index Fund		22,812		979,547
iShares Russell 2000 Index Fund		572		47,390
iShares S&P 500 Index Fund		14,052		1,984,283
Market Vectors Gold Miners Fund		8,435		418,123
Materials Select Sector SPDR Fund		271		10,019
Technology Select Sector SPDR Fund		2,357		71,064
Utilities Select Sector SPDR Fund		144		5,047
Total Exchange Traded Funds     (Cost $4,781,091)				5,128,100
Money Market Fund (2.4%)
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(b)		1,385,438		1,385,438
Total Money Market Fund     (Cost $1,385,438)				1,385,438
Total Investments     (Cost $55,743,146) — 100.2%				58,493,900
Liabilities in excess of other assets — (0.2)%				(139,932	)
Net Assets — 100.0%			$	58,353,968

* Non-income producing security.

(a) Affiliated investment. Investment is in each Fund’s I Shares.

(b) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

See Notes to Financial Statements.

63

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Growth Allocation Strategy

	Shares		Value($)
Equity Funds (60.0%)(a)
RidgeWorth Aggressive Growth Stock Fund*		129,023		2,056,628
RidgeWorth International Equity Fund		302,580		3,249,710
RidgeWorth International Equity Index Fund		98,718		1,153,032
RidgeWorth Large Cap Core Growth Stock Fund		36,529		540,626
RidgeWorth Large Cap Growth Stock Fund		739,646		9,578,421
RidgeWorth Large Cap Value Equity Fund		856,761		11,797,596
RidgeWorth Mid-Cap Value Equity Fund		380,007		4,206,682
RidgeWorth Select Large Cap Growth Stock Fund*		156,674		5,309,686
RidgeWorth Small Cap Growth Stock Fund*		136,340		2,346,417
RidgeWorth Small Cap Value Equity Fund		167,652		2,313,600
Total Equity Funds     (Cost $33,121,352)				42,552,398
Fixed Income Funds (22.3%)(a)
RidgeWorth Corporate Bond Fund		131,474		1,229,278
RidgeWorth High Income Fund		173,470		1,195,210
RidgeWorth Intermediate Bond Fund		651,423		6,807,373
RidgeWorth Seix Floating Rate High Income Fund		51,439		454,203
RidgeWorth Seix High Yield Fund		123,150		1,193,322
RidgeWorth Total Return Bond Fund		425,766		4,585,501
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund		32,860		333,203
Total Fixed Income Funds (Cost $15,337,288)				15,798,090
Exchange Traded Funds (15.9%)
Consumer Discretionary Select Sector SPDR Fund		2,311		104,226
Consumer Staples Select Sector SPDR Fund		2,972		101,286
Energy Select Sector SPDR Fund		1,490		106,878
Financial Select Sector SPDR Fund		8,940		141,073

	Shares		Value($)
Exchange Traded Funds—continued
Health Care Select Sector SPDR Fund		2,873		107,996
Industrial Select Sector SPDR Fund		2,669		99,874
iShares Barclays 20+ Year Treasury Bond Fund		3,154		353,879
iShares Barclays U.S. Treasury Inflation Protected Securities Fund		352		41,413
iShares Dow Jones U.S. Real Estate Index Fund		16,577		1,032,581
iShares MSCI Emerging Markets Index Fund		58,696		2,520,406
iShares Russell 2000 Index Fund		1,309		108,451
iShares S&P 500 Index Fund		37,017		5,227,171
Market Vectors Gold Miners Fund		21,916		1,086,376
Materials Select Sector SPDR Fund		894		33,051
Technology Select Sector SPDR Fund		7,795		235,019
Utilities Select Sector SPDR Fund		469		16,438
Total Exchange Traded Funds     (Cost $10,741,084)				11,316,118
Money Market Fund (1.9%)
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(b)		1,370,780		1,370,780
Total Money Market Fund     (Cost $1,370,780)				1,370,780
Total Investments     (Cost $60,570,504) — 100.1%				71,037,386
Liabilities in excess of other assets — (0.1)%				(74,511	)
Net Assets — 100.0%			$	70,962,875

* Non-income producing security.

(a) Affiliated investment. Investment is in each Fund’s I Shares.

(b) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

See Notes to Financial Statements.

64

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Moderate Allocation Strategy

	Shares		Value($)
Equity Funds (43.7%)(a)
RidgeWorth Aggressive Growth Stock Fund*		225,271		3,590,818
RidgeWorth International Equity Fund		521,778		5,603,900
RidgeWorth International Equity Index Fund		173,746		2,029,349
RidgeWorth Large Cap Core Growth Stock Fund		63,307		936,939
RidgeWorth Large Cap Growth Stock Fund		1,325,098		17,160,015
RidgeWorth Large Cap Value Equity Fund		1,496,149		20,601,967
RidgeWorth Mid-Cap Value Equity Fund		668,249		7,397,522
RidgeWorth Select Large Cap Growth Stock Fund*		255,580		8,661,602
RidgeWorth Small Cap Growth Stock Fund*		230,143		3,960,755
RidgeWorth Small Cap Value Equity Fund		283,014		3,905,597
Total Equity Funds (Cost $58,215,739)				73,848,464
Fixed Income Funds (41.8%)(a)
RidgeWorth Corporate Bond Fund		572,586		5,353,677
RidgeWorth High Income Fund		781,935		5,387,531
RidgeWorth Intermediate Bond Fund		2,703,723		28,253,901
RidgeWorth Seix Floating Rate High Income Fund		259,639		2,292,611
RidgeWorth Seix High Yield Fund		554,601		5,374,079
RidgeWorth Total Return Bond Fund		2,029,716		21,860,041
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund		196,300		1,990,479
Total Fixed Income Funds (Cost $68,750,037)				70,512,319
Exchange Traded Funds (12.2%)
Consumer Discretionary Select Sector SPDR Fund		2,494		112,479
Consumer Staples Select Sector SPDR Fund		3,208		109,329
Energy Select Sector SPDR Fund		1,611		115,557

	Shares		Value($)
Exchange Traded Funds—continued
Financial Select Sector SPDR Fund		9,656		152,372
Health Care Select Sector SPDR Fund		3,104		116,679
Industrial Select Sector SPDR Fund		2,883		107,882
iShares Barclays 20+ Year Treasury Bond Fund		14,051		1,576,522
iShares Barclays U.S. Treasury Inflation Protected Securities Fund		1,248		146,827
iShares Dow Jones U.S. Real Estate Index Fund		29,160		1,816,376
iShares MSCI Emerging Markets Index Fund		102,675		4,408,865
iShares Russell 2000 Index Fund		6,016		498,426
iShares S&P 500 Index Fund		64,740		9,141,935
Market Vectors Gold Miners Fund		38,857		1,926,142
Materials Select Sector SPDR Fund		966		35,713
Technology Select Sector SPDR Fund		8,418		253,803
Utilities Select Sector SPDR Fund		507		17,770
Total Exchange Traded Funds (Cost $19,219,476)				20,536,677
Money Market Fund (2.0%)
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(b)		3,399,546		3,399,546
Total Money Market Fund (Cost $3,399,546)				3,399,546
Total Investments (Cost $149,584,798) —99.7%				168,297,006
Other assets in excess of liabilities — 0.3%				477,974
Net Assets — 100.0%			$	168,774,980

* Non-income producing security.

(a) Affiliated investment. Investment is in each Fund’s I Shares.

(b) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

See Notes to Financial Statements.

65

STATEMENTS OF ASSETS AND LIABILITIES

RIDGEWORTH FUNDS    March 31, 2012

	Aggressive Growth Stock Fund			Emerging Growth Stock Fund†			International Equity Fund			International Equity Index Fund			Large Cap Core Growth Stock Fund
Assets:
Total Investments, at Cost	$	59,189,080		$	9,803,530		$	244,992,530		$	239,002,922		$	55,963,385
Total Investments, at Value*	$	95,315,317		$	13,304,459		$	270,179,308		$	348,700,350		$	73,511,120
Cash		—			—			65,529			—			—
Dividends Receivable		5,087			601			1,228,198			1,595,696			86,740
Securities Lending Income Receivable		3,335			708			18,140			23,662			22
Foreign Currency, at Value (Cost $—, $—, $1,289,145, $253,716 and $—, respectively)		—			—			1,290,016			253,507			—
Receivable for Capital Shares Issued		335,782			6,790			583			371,903			12,186
Receivable for Investment Securities Sold		1,501,324			—			1,737,401			—			—
Reclaims Receivable		—			—			185,746			169,266			—
Prepaid Expenses and Other Assets		14,975			6,962			20,763			21,839			26,300
Total Assets		97,175,820			13,319,520			274,725,684			351,136,223			73,636,368
Liabilities:
Due to Custodian		591,202			—			—			—			—
Payable for Investment Securities Purchased		753,643			—			1,218,363			832			—
Payable for Capital Shares Redeemed		983,310			5,479			19,076			1,188,923			384,943
Payable Upon Return of Securities Loaned		2,808,230			696,138			6,131,175			7,390,760			—
Investment Advisory Fees Payable		86,525			7,049			243,021			162,145			53,068
Administration Fees Payable		1,216			144			2,570			5,432			978
Fund Accounting Fees Payable		1,604			242			5,803			9,886			1,533
Transfer Agency Fees Payable		2,248			1,423			2,423			2,131			12,587
Compliance and Fund Services Fees Payable		1,502			206			3,944			6,305			1,178
Distribution and Service Fees Payable		952			869			1,458			655			18,530
Shareholder Servicing Fees Payable		—			—			—			20,736			—
Custodian Fees Payable		2,802			2,155			19,908			31,412			2,953
Other Accrued Expenses		8,375			3,820			16,938			24,638			7,381
Total Liabilities		5,241,609			717,525			7,664,679			8,843,855			483,151
Total Net Assets	$	91,934,211		$	12,601,995		$	267,061,005		$	342,292,368		$	73,153,217
Net Assets Consist of:
Capital	$	78,799,079		$	32,278,750		$	540,489,512		$	245,926,230		$	206,248,575
Accumulated Net Investment Income (Loss)		(223,004	)		(21,047	)		1,010,397			(133,144	)		4,015
Accumulated Net Realized Gain (Loss) from Investments and Foreign Currency Transactions		(22,768,101	)		(23,156,637	)		(299,646,530	)		(13,195,046	)		(150,647,108	)
Net Unrealized Appreciation (Depreciation) on Investments and Foreign Currencies		36,126,237			3,500,929			25,207,626			109,694,328			17,547,735
Net Assets	$	91,934,211		$	12,601,995		$	267,061,005		$	342,292,368		$	73,153,217
Net Assets:
I Shares	$	88,131,551		$	9,215,704		$	261,561,188		$	339,763,277		$	38,808,248
A Shares		3,802,660			3,386,291			5,499,817			2,529,091			16,300,872
C Shares		—			—			—			—			18,044,097
Shares Outstanding (unlimited number of shares authorized, no par value)
I Shares		5,529,761			658,626			24,352,997			29,084,730			2,622,772
A Shares		244,653			248,622			517,557			218,144			1,091,639
C Shares		—			—			—			—			1,252,295
Net Asset Value and Redemption Price Per Share:
I Shares	$	15.94		$	13.99		$	10.74		$	11.68		$	14.80
A Shares		15.54			13.62			10.63			11.59			14.93
C Shares(a)		—			—			—			—			14.41
Offering Price Per Share (100%/(100%-maximum sales charge x net asset value) of net asset value adjusted to the nearest cent):
A Shares	$	16.49		$	14.45		$	11.28		$	12.30		$	15.84
Maximum Sales Charge — A Shares		5.75	%		5.75	%		5.75	%		5.75	%		5.75	%

† Effective close of business on April 27, 2012, the Fund merged into Aggressive Growth Stock Fund (See Note 9).

* Investments include securities on loan of $2,741,351, $674,918, $5,645,281, $6,977,918 and $—, respectively.

(a) Redemption price per share varies based on length of time shares are held.

See Notes to Financial Statements.

66

STATEMENTS OF ASSETS AND LIABILITIES

RIDGEWORTH FUNDS    March 31, 2012

	Large Cap Growth Stock Fund			Large Cap Value Equity Fund			Mid-Cap Value Equity Fund			Select Large Cap Growth Stock Fund			Small Cap Growth Stock Fund
Assets:
Total Investments, at Cost	$	181,709,070		$	1,936,622,500		$	2,076,085,893		$	36,936,055		$	261,490,678
Total Investments, at Value*	$	325,091,561		$	2,247,898,318		$	2,222,971,136		$	51,342,274		$	326,003,198
Dividends Receivable		246,085			5,124,145			3,997,079			51,737			43,054
Securities Lending Income Receivable		210			600			153,521			15			67,739
Receivable for Capital Shares Issued		524,662			2,168,896			3,453,416			484			466,738
Receivable for Investment Securities Sold		2,535,080			24,941,636			81,750,600			—			—
Prepaid Expenses and Other Assets		24,829			65,723			86,636			26,500			29,474
Total Assets		328,422,427			2,280,199,318			2,312,412,388			51,421,010			326,610,203
Liabilities:
Payable for Investment Securities Purchased		—			24,565,808			54,646,844			—			—
Payable for Capital Shares Redeemed		295,842			838,891			2,624,656			9,129			475,610
Payable Upon Return of Securities Loaned		3,476,025			16,840,375			97,761,635			—			39,901,721
Investment Advisory Fees Payable		266,185			1,399,627			1,710,267			36,817			320,570
Administration Fees Payable		4,113			30,652			29,060			637			4,454
Fund Accounting Fees Payable		5,596			33,629			34,083			932			5,720
Transfer Agency Fees Payable		11,506			13,804			110,743			3,351			5,864
Compliance and Fund Services Fees Payable		5,141			35,310			34,552			826			5,408
Distribution and Service Fees Payable		26,082			72,665			144,679			13,729			9,683
Custodian Fees Payable		4,305			7,409			9,617			1,986			5,749
Other Accrued Expenses		20,659			117,794			116,654			6,163			21,191
Total Liabilities		4,115,454			43,955,964			157,222,790			73,570			40,755,970
Total Net Assets	$	324,306,973		$	2,236,243,354		$	2,155,189,598		$	51,347,440		$	285,854,233
Net Assets Consist of:
Capital	$	137,741,897		$	2,018,340,078		$	2,084,335,515		$	33,068,082		$	214,921,756
Accumulated Net Investment Income (Loss)		(228,630	)		1,136,349			939,982			(64,435	)		(413,414	)
Accumulated Net Realized Gain (Loss) from Investments Foreign Currency Transactions		43,411,215			(94,508,891	)		(76,970,581	)		3,937,574			6,833,371
Net Unrealized Appreciation (Depreciation) on Investments and Foreign Currencies		143,382,491			311,275,818			146,884,682			14,406,219			64,512,520
Net Assets	$	324,306,973		$	2,236,243,354		$	2,155,189,598		$	51,347,440		$	285,854,233
Net Assets:
I Shares	$	261,090,411		$	1,985,434,403		$	1,679,243,680		$	34,498,570		$	267,693,558
A Shares		45,853,517			233,782,270			433,673,792			796,282			10,031,858
C Shares		17,363,045			17,026,681			42,272,126			16,052,588			8,128,817
Shares Outstanding (unlimited number of shares authorized, no par value)
I Shares		20,163,093			144,223,666			151,707,963			1,017,999			15,556,076
A Shares		3,833,420			17,068,752			39,476,816			23,924			620,099
C Shares		1,650,818			1,261,119			3,897,222			536,907			584,536
Net Asset Value and Redemption Price Per Share:
I Shares	$	12.95		$	13.77		$	11.07		$	33.89		$	17.21
A Shares		11.96			13.70			10.99			33.28			16.18
C Shares(a)		10.52			13.50			10.85			29.90			13.91
Offering Price Per Share (100%/(100%-maximum sales charge x net asset value) of net asset value adjusted to the nearest cent):
A Shares	$	12.69		$	14.54		$	11.66		$	35.31		$	17.17
Maximum Sales Charge — A Shares		5.75	%		5.75	%		5.75	%		5.75	%		5.75	%

* Investments include securities on loan of $3,402,290, $16,347,552, $95,102,855, $— and $38,683,932, respectively.

(a) Redemption price per share varies based on length of time shares are held.

See Notes to Financial Statements.

67

STATEMENTS OF ASSETS AND LIABILITIES

RIDGEWORTH FUNDS    March 31, 2012

	Small Cap Value Equity Fund			Aggressive Growth Allocation Strategy			Conservative Allocation Strategy			Growth Allocation Strategy			Moderate Allocation Strategy
Assets:
Total Investments, at Cost	$	1,255,580,354		$	20,425,689		$	55,743,146		$	60,570,504		$	149,584,798
Investments, at Value	$	1,385,221,069		$	5,947,191		$	6,513,538		$	12,686,898		$	23,936,223
Investments in Affiliates, at Value		—			18,998,048			51,980,362			58,350,488			144,360,783
Total Investments, at Value		1,385,221,069			24,945,239			58,493,900			71,037,386			168,297,006
Dividends Receivable		1,578,968			—			73,934			34,744			157,186
Receivable for Capital Shares Issued		2,736,888			12,143			144,575			47,450			423,828
Receivable for Investment Securities Sold		27,710,183			—			—			—			—
Reclaims Receivable		81,389			—			—			—			—
Receivable from Adviser		—			5,374			6,502			—			—
Prepaid Expenses and Other Assets		59,191			26,536			28,435			26,991			27,658
Total Assets		1,417,387,688			24,989,292			58,747,346			71,146,571			168,905,678
Liabilities:
Payable for Investment Securities Purchased		37,698,284			—			—			—			—
Payable for Capital Shares Redeemed		1,896,780			189,697			358,442			160,223			75,954
Investment Advisory Fees Payable		1,246,518			—			—			2,101			9,962
Administration Fees Payable		18,043			327			799			941			2,223
Fund Accounting Fees Payable		20,662			3,333			3,333			3,334			3,333
Transfer Agency Fees Payable		36,937			1,602			4,124			1,740			4,595
Compliance and Fund Services Fees Payable		21,176			385			911			1,086			2,618
Distribution and Service Fees Payable		72,772			1,903			16,449			5,077			17,408
Custodian Fees Payable		4,295			1,783			2,945			2,213			2,595
Other Accrued Expenses		72,494			4,690			6,375			6,981			12,010
Total Liabilities		41,087,961			203,720			393,378			183,696			130,698
Total Net Assets	$	1,376,299,727		$	24,785,572		$	58,353,968		$	70,962,875		$	168,774,980
Net Assets Consist of:
Capital	$	1,207,301,292		$	21,594,912		$	55,234,482		$	62,573,052		$	150,858,152
Accumulated Net Investment Income (Loss)		529,817			16,945			139,542			91,146			212,972
Accumulated Net Realized Gain (Loss) from Investments and Foreign Currency Transactions		38,827,727			(1,345,835	)		229,190			(2,168,205	)		(1,008,352	)
Net Unrealized Appreciation (Depreciation) on Investments and Foreign Currencies		129,640,891			4,519,550			2,750,754			10,466,882			18,712,208
Net Assets	$	1,376,299,727		$	24,785,572		$	58,353,968		$	70,962,875		$	168,774,980
Net Assets:
I Shares	$	1,169,092,612		$	18,992,551		$	21,584,851		$	57,077,834		$	133,381,572
A Shares		169,100,329			4,981,603			24,322,247			11,091,938			20,365,782
C Shares		38,106,786			811,418			12,446,870			2,793,103			15,027,626
Shares Outstanding (unlimited number of shares authorized, no par value)
I Shares		84,735,576			2,235,554			1,759,590			5,362,088			12,387,343
A Shares		12,454,083			590,761			1,983,338			1,045,586			1,894,993
C Shares		2,935,865			98,041			1,021,602			266,544			1,406,043
Net Asset Value and Redemption Price Per Share:
I Shares	$	13.80		$	8.50		$	12.27		$	10.64		$	10.77
A Shares		13.58			8.43			12.26			10.61			10.75
C Shares(a)		12.98			8.28			12.18			10.48			10.69
Offering Price Per Share (100%/(100%-maximum sales charge x net asset value) of net asset value adjusted to the nearest cent):
A Shares	$	14.41		$	8.94		$	12.87		$	11.26		$	11.41
Maximum Sales Charge — A Shares		5.75	%		5.75	%		4.75	%		5.75	%		5.75	%

(a) Redemption price per share varies based on length of time shares are held.

See Notes to Financial Statements.

68

STATEMENTS OF OPERATIONS

RIDGEWORTH FUNDS    For the Year Ended March 31, 2012

	Aggressive Growth Stock Fund			Emerging Growth Stock Fund†			International Equity Fund			International Equity Index Fund			Large Cap Core Growth Stock Fund
Investment Income:
Dividend Income	$	256,166		$	13,296		$	9,121,718		$	16,719,747		$	1,977,816
Income from Securities Lending		12,740			46,038			332,743			802,168			39
Less: Foreign Taxes Withheld		—			—			(879,578	)		(1,766,325	)		(9,486	)
Total Investment Income		268,906			59,334			8,574,883			15,755,590			1,968,369
Expenses:
Investment Advisory Fees		1,189,686			234,497			2,724,492			2,036,442			1,160,396
Administration Fees		9,726			1,876			20,279			38,487			13,031
Fund Accounting Fees		13,426			2,678			48,989			84,462			20,232
Transfer Agency Fees		23,667			13,447			25,371			25,279			90,250
Compliance & Fund Services Fees		8,371			1,731			18,565			31,254			8,121
Distribution and Service Fees — A Shares		10,581			11,748			18,502			9,417			40,321
Distribution and Service Fees — C Shares		—			—			—			—			182,183
Shareholder Servicing Fees — I Shares		—			—			—			93,045			—
Shareholder Servicing Fees — A Shares		—			—			—			534			—
Custodian Fees		21,083			17,645			144,636			423,706			28,869
Printing Fees		8,867			4,448			17,451			22,434			22,532
Registration Fees		28,529			27,834			11,172			22,335			38,060
Trustee Fees		6,000			1,239			12,651			21,765			8,276
Other Fees		14,619			6,389			41,561			115,858			23,915
Total Expenses		1,334,555			323,532			3,083,669			2,925,018			1,636,186
Less: Investment Advisory Fees Waived/Expenses Reimbursed		—			(47,515	)		—			—			—
Net Expenses		1,334,555			276,017			3,083,669			2,925,018			1,636,186
Net Investment Income (Loss)		(1,065,649	)		(216,683	)		5,491,214			12,830,572			332,183
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currencies:
Net Realized Gain (Loss) from:
Investment and Foreign Currency Transactions		12,724,489			(2,698,084	)		7,105,640			35,204,059			34,382,381
Net Change in Unrealized Appreciation (Depreciation) on:
Investments and Foreign Currency		(21,443,486	)		(4,089,291	)		(25,565,671	)		(92,859,978	)		(35,563,528	)
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currencies		(8,718,997	)		(6,787,375	)		(18,460,031	)		(57,655,919	)		(1,181,147	)
Change in Net Assets from Operations	$	(9,784,646	)	$	(7,004,058	)	$	(12,968,817	)	$	(44,825,347	)	$	(848,964	)

† Effective close of business on April 27, 2012, the Fund merged into Aggressive Growth Stock Fund (See Note 9).

See Notes to Financial Statements.

69

STATEMENTS OF OPERATIONS

RIDGEWORTH FUNDS    For the Year Ended March 31, 2012

	Large Cap Growth Stock Fund			Large Cap Value Equity Fund			Mid-Cap Value Equity Fund			Select Large Cap Growth Stock Fund			Small Cap Growth Stock Fund
Investment Income:
Dividend Income	$	3,519,255		$	44,843,812		$	51,014,276		$	601,118		$	1,363,007
Income from Securities Lending		12,099			3,535			2,065,480			18			873,090
Less: Foreign Taxes Withheld		(10,249	)		(40,140	)		(79,940	)		(3,736	)		—
Total Investment Income		3,521,105			44,807,207			52,999,816			597,400			2,236,097
Expenses:
Investment Advisory Fees		3,776,792			13,202,513			18,897,419			552,181			4,154,674
Administration Fees		35,033			160,239			182,795			5,827			32,726
Fund Accounting Fees		45,362			195,528			252,338			7,746			42,970
Transfer Agency Fees		128,467			143,511			764,344			39,656			62,100
Compliance & Fund Services Fees		28,874			130,868			164,956			4,693			26,965
Distribution and Service Fees — A Shares		128,053			448,654			1,095,473			2,005			31,449
Distribution and Service Fees — C Shares		162,793			168,115			337,706			157,389			83,779
Custodian Fees		24,351			46,990			93,171			14,843			35,159
Printing Fees		25,542			117,962			204,669			7,012			23,826
Registration Fees		32,948			53,989			111,340			37,013			22,930
Trustee Fees		20,401			84,534			110,802			3,448			19,038
Other Fees		40,596			159,488			190,243			11,213			38,293
Total Expenses		4,449,212			14,912,391			22,405,256			843,026			4,573,909
Less: Custodian Credits (Note 3)		—			(11	)		(216	)		—			(11	)
Net Expenses		4,449,212			14,912,380			22,405,040			843,026			4,573,898
Net Investment Income (Loss)		(928,107	)		29,894,827			30,594,776			(245,626	)		(2,337,801	)
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currencies:
Net Realized Gain (Loss) from:
Investment and Foreign Currency Transactions		64,077,070			(16,071,295	)		(71,339,425	)		15,888,479			51,132,665
Net Change in Unrealized Appreciation (Depreciation) on: Investments and Foreign Currencies		(33,065,228	)		114,627,191			(24,071,656	)		(15,058,416	)		(58,542,582	)
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currencies		31,011,842			98,555,896			(95,411,081	)		830,063			(7,409,917	)
Change in Net Assets from Operations	$	30,083,735		$	128,450,723		$	(64,816,305	)	$	584,437		$	(9,747,718	)

See Notes to Financial Statements.

70

STATEMENTS OF OPERATIONS

RIDGEWORTH FUNDS    For the Year Ended March 31, 2012

	Small Cap Value Equity Fund			Aggressive Growth Allocation Strategy			Conservative Allocation Strategy			Growth Allocation Strategy			Moderate Allocation Strategy
Investment Income:
Dividend Income	$	24,925,837		$	109,572		$	71,735		$	228,594		$	399,339
Dividend Income from Affiliated Investment Companies		—			188,411			861,196			916,392			2,899,843
Less: Foreign Taxes Withheld		(251,709	)		—			—			—			—
Total Investment Income		24,674,128			297,983			932,931			1,144,986			3,299,182
Expenses:
Investment Advisory Fees		12,941,453			25,562			38,667			66,377			152,497
Administration Fees		105,564			2,310			3,524			6,079			13,972
Fund Accounting Fees		139,497			25,766			25,600			24,292			22,267
Transfer Agency Fees		261,399			18,610			29,672			22,610			51,151
Compliance & Fund Services Fees		90,637			2,237			3,263			5,482			11,686
Distribution and Service Fees — A Shares		384,239			12,706			36,938			31,072			46,202
Distribution and Service Fees — C Shares		327,038			8,274			95,331			27,551			145,523
Custodian Fees		63,942			11,674			16,980			13,563			14,182
Printing Fees		134,514			5,888			8,053			9,584			17,280
Registration Fees		65,606			13,031			16,275			11,749			29,192
Trustee Fees		61,250			1,559			2,059			3,740			7,776
Other Fees		109,728			7,947			8,956			11,734			19,111
Total Expenses		14,684,867			135,564			285,318			233,833			530,839
Less: Investment Advisory Fees Waived/Expenses Reimbursed		—			(63,460	)		(75,713	)		(42,458	)		(34,791	)
Less: Custodian Credits (Note 3)		(71	)		—			—			—			—
Net Expenses		14,684,796			72,104			209,605			191,375			496,048
Net Investment Income (Loss)		9,989,332			225,879			723,326			953,611			2,803,134
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currencies:
Net Realized Gain (Loss) from:
Investment and Foreign Currency Transactions*		83,216,802			495,730			396,830			1,806,866			3,191,403
Capital Gain Received from Investments in Affiliated Investment Companies		—			322,166			833,313			994,275			2,609,922
Net Change in Unrealized Appreciation (Depreciation) on: Investments and Foreign Currencies*		(67,407,464	)		(969,411	)		820,083			(1,708,870	)		(1,699,827	)
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currencies		15,809,338			(151,515	)		2,050,226			1,092,271			4,101,498
Change in Net Assets from Operations	$	25,798,670		$	74,364		$	2,773,552		$	2,045,882		$	6,904,632

* Net realized gain (loss) from investment transactions and net change in unrealized appreciation (depreciation) on investments for the Allocation Strategies are primarily attributable to the underlying investments in affiliated investment companies.

See Notes to Financial Statements.

71

STATEMENTS OF CHANGES IN NET ASSETS

RIDGEWORTH FUNDS    For the Periods Indicated

	Aggressive Growth Stock Fund						Emerging Growth Stock Fund†						International Equity Fund
	04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11
Operations:
Net Investment Income (Loss)	$	(1,065,649	)	$	(1,027,278	)	$	(216,683	)	$	(204,471	)	$	5,491,214		$	3,955,501
Net Realized Gain (Loss)		12,724,489			15,640,237			(2,698,084	)		6,770,396			7,105,640			32,012,925
Net Change in Unrealized Appreciation (Depreciation)		(21,443,486	)		14,534,723			(4,089,291	)		401,220			(25,565,671	)		(6,362,078	)
Change in Net Assets from Operations		(9,784,646	)		29,147,682			(7,004,058	)		6,967,145			(12,968,817	)		29,606,348
Dividends and Distributions to Shareholders:
Net Investment Income:
I Shares		—			—			—			—			(5,045,919	)		(6,545,050	)
A Shares		—			—			—			—			(110,840	)		(155,325	)
Total Dividends and Distributions		—			—			—			—			(5,156,759	)		(6,700,375	)
Change in Net Assets from Capital Transactions		(36,442,563	)		(2,242,085	)		(8,678,959	)		961,176			25,707,419			(45,350,643	)
Change in Net Assets		(46,227,209	)		26,905,597			(15,683,017	)		7,928,321			7,581,843			(22,444,670	)
Net Assets:
Beginning of Period		138,161,420			111,255,823			28,285,012			20,356,691			259,479,162			281,923,832
End of Period	$	91,934,211		$	138,161,420		$	12,601,995		$	28,285,012		$	267,061,005		$	259,479,162
Accumulated Net Investment Income (Loss), End of Period	$	(223,004	)	$	4,712		$	(21,047	)	$	—		$	1,010,397		$	787,898

† Effective close of business on April 27, 2012, the Fund merged into Aggressive Growth Stock Fund (See Note 9).

See Notes to Financial Statements.

72

STATEMENTS OF CHANGES IN NET ASSETS  (continued)

RIDGEWORTH FUNDS    For the Periods Indicated

	Aggressive Growth Stock Fund						Emerging Growth Stock Fund†						International Equity Fund
	04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11
Capital Transactions:
I Shares:
Proceeds from Shares Issued	$	24,729,051		$	43,997,207		$	9,919,843		$	13,664,392		$	58,713,472		$	20,102,610
Dividends Reinvested		—			—			—			—			4,596,680			5,497,158
Cost of Shares Redeemed		(61,567,383	)		(46,548,352	)		(21,217,969	)		(13,604,411	)		(36,444,961	)		(69,532,638	)
Change in Net Assets from I Shares		(36,838,332	)		(2,551,145	)		(11,298,126	)		59,981			26,865,191			(43,932,870	)
A Shares:
Proceeds from Shares Issued		1,408,939			740,720			6,665,684			1,445,445			190,384			125,177
Dividends Reinvested		—			—			—			—			101,939			140,656
Cost of Shares Redeemed		(1,013,170	)		(431,660	)		(4,046,517	)		(544,250	)		(1,450,095	)		(1,683,606	)
Change in Net Assets from A Shares		395,769			309,060			2,619,167			901,195			(1,157,772	)		(1,417,773	)
Change in Net Assets from Capital Transactions	$	(36,442,563	)	$	(2,242,085	)	$	(8,678,959	)	$	961,176		$	25,707,419		$	(45,350,643	)
Shares Transactions:
I Shares:
Issued		1,626,118			3,062,933			639,518			983,605			5,596,283			1,922,411
Reinvested		—			—			—			—			496,938			502,024
Redeemed		(4,278,976	)		(3,338,193	)		(1,587,227	)		(1,140,500	)		(3,450,251	)		(6,268,436	)
Change in I Shares		(2,652,858	)		(275,260	)		(947,709	)		(156,895	)		2,642,970			(3,844,001	)
A Shares:
Issued		96,875			53,089			442,202			107,024			16,937			11,726
Reinvested		—			—			—			—			11,129			12,976
Redeemed		(70,855	)		(32,773	)		(308,432	)		(43,422	)		(139,420	)		(160,399	)
Change in A Shares		26,020			20,316			133,770			63,602			(111,354	)		(135,697	)
Change in Shares		(2,626,838	)		(254,944	)		(813,939	)		(93,293	)		2,531,616			(3,979,698	)

† Effective close of business on April 27, 2012, the Fund merged into Aggressive Growth Stock Fund (See Note 9).

See Notes to Financial Statements.

73

STATEMENTS OF CHANGES IN NET ASSETS  (continued)

RIDGEWORTH FUNDS    For the Periods Indicated

	International Equity Index Fund						Large Cap Core Growth Stock Fund						Large Cap Growth Stock Fund
	04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11
Operations:
Net Investment Income (Loss)	$	12,830,572		$	17,901,739		$	332,183		$	4,765,044		$	(928,107	)	$	(16,120	)
Net Realized Gain		35,204,059			84,686,322			34,382,381			90,385,173			64,077,070			40,170,412
Net Change in Unrealized Appreciation (Depreciation)		(92,859,978	)		(41,902,710	)		(35,563,528	)		(49,450,668	)		(33,065,228	)		44,588,719
Change in Net Assets from Operations		(44,825,347	)		60,685,351			(848,964	)		45,699,549			30,083,735			84,743,011
Dividends and Distributions to Shareholders:
Net Investment Income:
I Shares		(14,901,009	)		(16,414,741	)		(282,006	)		(4,721,931	)		—			(153,955	)
A Shares		(94,609	)		(146,072	)		(39,319	)		(176,290	)		—			—
C Shares		—			—			(6,843	)		(56,647	)		—			—
Total Dividends and Distributions		(14,995,618	)		(16,560,813	)		(328,168	)		(4,954,868	)		—			(153,955	)
Change in Net Assets from Capital Transactions		(80,568,430	)		(407,022,963	)		(314,847,587	)		(122,025,379	)		(175,832,011	)		(120,961,551	)
Change in Net Assets		(140,389,395	)		(362,898,425	)		(316,024,719	)		(81,280,698	)		(145,748,276	)		(36,372,495	)
Net Assets:
Beginning of Period		482,681,763			845,580,188			389,177,936			470,458,634			470,055,249			506,427,744
End of Period	$	342,292,368		$	482,681,763		$	73,153,217		$	389,177,936		$	324,306,973		$	470,055,249
Accumulated Net Investment Income (Loss),
End of Period	$	(133,144	)	$	945,847		$	4,015		$	—		$	(228,630	)	$	43,558

See Notes to Financial Statements.

74

STATEMENTS OF CHANGES IN NET ASSETS  (continued)

RIDGEWORTH FUNDS    For the Periods Indicated

	International Equity Index Fund						Large Cap Core Growth Stock Fund						Large Cap Growth Stock Fund
	04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11
Capital Transactions:
I Shares:
Proceeds from Shares Issued	$	76,107,924		$	124,713,492		$	11,161,102		$	66,380,358		$	64,833,009		$	51,374,296
Issued — Merger		—			—			14,633,746			—			—			—
Dividends Reinvested		12,916,486			11,944,959			146,230			2,316,156			—			76,278
Cost of Shares Redeemed		(168,138,240	)		(541,866,977	)		(333,509,720	)		(180,485,647	)		(233,393,457	)		(163,186,418	)
Change in Net Assets from I Shares		(79,113,830	)		(405,208,526	)		(307,568,642	)		(111,789,133	)		(168,560,448	)		(111,735,844	)
A Shares:
Proceeds from Shares Issued		101,387			489,612			255,974			279,138			942,481			737,945
Issued — Merger		—			—			650,031			—			—			—
Dividends Reinvested		85,763			131,439			35,319			156,941			—			—
Cost of Shares Redeemed		(1,641,750	)		(2,435,488	)		(3,878,239	)		(4,683,582	)		(6,211,143	)		(7,204,616	)
Change in Net Assets from A Shares		(1,454,600	)		(1,814,437	)		(2,936,915	)		(4,247,503	)		(5,268,662	)		(6,466,671	)
C Shares:
Proceeds from Shares Issued		—			—			167,480			153,806			231,204			127,834
Dividends Reinvested		—			—			6,389			52,595			—			—
Cost of Shares Redeemed		—			—			(4,515,899	)		(6,195,144	)		(2,234,105	)		(2,886,870	)
Change in Net Assets from C Shares		—			—			(4,342,030	)		(5,988,743	)		(2,002,901	)		(2,759,036	)
Change in Net Assets from Capital Transactions	$	(80,568,430	)	$	(407,022,963	)	$	(314,847,587	)	$	(122,025,379	)	$	(175,832,011	)	$	(120,961,551	)
Shares Transactions:
I Shares:
Issued		6,420,490			10,443,599			916,700			5,276,921			5,811,589			5,133,654
Issued — Merger		—			—			1,051,260			—			—			—
Reinvested		1,268,810			942,031			11,150			177,067			—			7,596
Redeemed		(13,983,334	)		(42,008,904	)		(23,728,020	)		(13,560,711	)		(20,795,612	)		(16,273,190	)
Change in I Shares		(6,294,034	)		(30,623,274	)		(21,748,910	)		(8,106,723	)		(14,984,023	)		(11,131,940	)
A Shares:
Issued		8,711			39,655			18,662			21,333			88,664			79,710
Issued — Merger		—			—			46,231			—			—			—
Reinvested		8,483			10,456			2,608			11,845			—			—
Redeemed		(131,926	)		(192,954	)		(284,094	)		(360,955	)		(587,259	)		(799,220	)
Change in A Shares		(114,732	)		(142,843	)		(216,593	)		(327,777	)		(498,595	)		(719,510	)
C Shares:
Issued		—			—			12,534			11,193			25,221			15,469
Reinvested		—			—			484			4,026			—			—
Redeemed		—			—			(345,129	)		(490,107	)		(240,228	)		(354,484	)
Change in C Shares		—			—			(332,111	)		(474,888	)		(215,007	)		(339,015	)
Change in Shares		(6,408,766	)		(30,766,117	)		(22,297,614	)		(8,909,388	)		(15,697,625	)		(12,190,465	)

See Notes to Financial Statements.

75

STATEMENTS OF CHANGES IN NET ASSETS  (continued)

RIDGEWORTH FUNDS    For the Periods Indicated

	Large Cap Value Equity Fund						Mid-Cap Value Equity Fund						Select Large Cap Growth Stock  Fund
	04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11
Operations:
Net Investment Income (Loss)	$	29,894,827		$	18,533,121		$	30,594,776		$	11,212,321		$	(245,626	)	$	(103,252	)
Net Realized Gain (Loss)		(16,071,295	)		221,241,701			(71,339,425	)		251,955,150			15,888,479			14,706,491
Net Change in Unrealized Appreciation (Depreciation)		114,627,191			(41,725,373	)		(24,071,656	)		50,851,614			(15,058,416	)		(779,365	)
Change in Net Assets from Operations		128,450,723			198,049,449			(64,816,305	)		314,019,085			584,437			13,823,874
Dividends and Distributions to Shareholders:
Net Investment Income:
I Shares		(26,417,003	)		(17,587,600	)		(24,420,905	)		(10,296,537	)		—			—
A Shares		(2,211,917	)		(574,211	)		(4,738,614	)		(856,271	)		—			—
C Shares		(102,279	)		(85,269	)		(209,525	)		(20,910	)		—			—
Net Realized Gains:
I Shares		—			—			(134,564,441	)		(80,500,115	)		(1,072,604	)		—
A Shares		—			—			(34,877,118	)		(8,996,749	)		(17,670	)		—
C Shares		—			—			(3,269,801	)		(888,240	)		(447,150	)		—
Total Dividends and Distributions		(28,731,199	)		(18,247,080	)		(202,080,404	)		(101,558,822	)		(1,537,424	)		—
Change in Net Assets from Capital Transactions		688,821,039			(74,690,034	)		434,814,980			929,034,117			(47,318,677	)		(47,588,628	)
Change in Net Assets		788,540,563			105,112,335			167,918,271			1,141,494,380			(48,271,664	)		(33,764,754	)
Net Assets:
Beginning of Period		1,447,702,791			1,342,590,456			1,987,271,327			845,776,947			99,619,104			133,383,858
End of Period	$	2,236,243,354		$	1,447,702,791		$	2,155,189,598		$	1,987,271,327		$	51,347,440		$	99,619,104
Accumulated Net Investment Income (Loss), End of Period	$	1,136,349		$	287,184		$	939,982		$	478		$	(64,435	)	$	11,095

See Notes to Financial Statements.

76

STATEMENTS OF CHANGES IN NET ASSETS  (continued)

RIDGEWORTH FUNDS    For the Periods Indicated

	Large Cap Value Equity Fund						Mid-Cap Value Equity Fund						Select Large Cap Growth Stock  Fund
	04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11
Capital Transactions:
I Shares:
Proceeds from Shares Issued	$	879,686,571		$	321,185,385		$	959,791,303		$	1,150,808,147		$	5,493,891		$	8,000,956
Issued — Merger		—			—			18,547,460			—			—			—
Dividends Reinvested		19,627,732			10,946,289			135,070,674			63,978,272			859,924			—
Cost of Shares Redeemed		(347,454,062	)		(442,428,785	)		(920,320,239	)		(493,907,359	)		(51,071,793	)		(52,663,974	)
Change in Net Assets from I Shares		551,860,241			(110,297,111	)		193,089,198			720,879,060			(44,717,978	)		(44,663,018	)
A Shares:
Proceeds from Shares Issued		171,860,902			48,296,096			421,347,757			219,913,988			81,352			354,189
Issued — Merger		—			—			5,590,801			—			—			—
Dividends Reinvested		2,178,699			553,742			38,636,252			9,545,196			17,670			—
Cost of Shares Redeemed		(35,196,794	)		(9,797,187	)		(245,373,665	)		(37,698,704	)		(35,232	)		(24,962	)
Change in Net Assets from A Shares		138,842,807			39,052,651			220,201,145			191,760,480			63,790			329,227
C Shares:
Proceeds from Shares Issued		1,371,194			1,178,002			20,487,726			16,860,059			105,263			114,336
Issued — Merger		—			—			3,865,760			—			—			—
Dividends Reinvested		95,112			80,522			2,918,706			775,814			406,292			—
Cost of Shares Redeemed		(3,348,315	)		(4,704,098	)		(5,747,555	)		(1,241,296	)		(3,176,044	)		(3,369,173	)
Change in Net Assets from C Shares		(1,882,009	)		(3,445,574	)		21,524,637			16,394,577			(2,664,489	)		(3,254,837	)
Change in Net Assets from Capital Transactions	$	688,821,039		$	(74,690,034	)	$	434,814,980		$	929,034,117		$	(47,318,677	)	$	(47,588,628	)
Shares Transactions:
I Shares:
Issued		69,828,153			25,896,955			85,512,061			100,626,262			178,231			270,695
Issued — Merger		—			—			1,410,657			—			—			—
Reinvested		1,587,865			896,990			14,126,079			5,498,170			30,988			—
Redeemed		(27,326,887	)		(36,725,407	)		(84,002,281	)		(43,346,685	)		(1,670,169	)		(1,898,162	)
Change in I Shares		44,089,131			(9,931,462	)		17,046,516			62,777,747			(1,460,950	)		(1,627,467	)
A Shares:
Issued		13,741,624			3,845,701			38,483,179			19,126,049			2,726			13,883
Issued — Merger		—			—			428,187			—			—			—
Reinvested		176,882			44,863			4,089,224			825,231			648			—
Redeemed		(2,820,367	)		(818,021	)		(23,508,479	)		(3,274,127	)		(1,223	)		(989	)
Change in A Shares		11,098,139			3,072,543			19,492,111			16,677,153			2,151			12,894
C Shares:
Issued		108,014			95,913			1,858,431			1,476,069			3,845			4,453
Issued — Merger		—			—			299,574			—			—			—
Reinvested		7,922			6,499			314,555			67,925			16,543			—
Redeemed		(269,169	)		(413,293	)		(538,556	)		(111,922	)		(113,852	)		(132,511	)
Change in C Shares		(153,233	)		(310,881	)		1,934,004			1,432,072			(93,464	)		(128,058	)
Change in Shares		55,034,037			(7,169,800	)		38,472,631			80,886,972			(1,552,263	)		(1,742,631	)

See Notes to Financial Statements.

77

STATEMENTS OF CHANGES IN NET ASSETS  (continued)

RIDGEWORTH FUNDS    For the Periods Indicated

	Small Cap Growth Stock Fund						Small Cap Value Equity Fund						Aggressive Growth Allocation Strategy
	04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11 *
Operations:
Net Investment Income (Loss)	$	(2,337,801	)	$	(3,140,169	)	$	9,989,332		$	6,365,870		$	225,879		$	171,210
Net Realized Gain(a)		51,132,665			73,370,253			83,216,802			79,677,549			817,896			323,437
Net Change in Unrealized Appreciation (Depreciation)(a)		(58,542,582	)		25,810,102			(67,407,464	)		113,112,070			(969,411	)		3,649,961
Change in Net Assets from Operations		(9,747,718	)		96,040,186			25,798,670			199,155,489			74,364			4,144,608
Dividends and Distributions to Shareholders:
Net Investment Income:
I Shares		—			—			(8,676,320	)		(6,389,714	)		(343,349	)		(266,282	)
A Shares		—			—			(766,570	)		(244,969	)		(55,256	)		(39,933	)
C Shares		—			—			(54,101	)		(17,826	)		(7,756	)		(8,536	)
Net Realized Gains:
I Shares		—			—			(51,278,812	)		—			—			—
A Shares		—			—			(6,993,709	)		—			—			—
C Shares		—			—			(1,734,291	)		—			—			—
Total Dividends and Distributions		—			—			(69,503,803	)		(6,652,509	)		(406,361	)		(314,751	)
Change in Net Assets from Capital Transactions		(134,668,157	)		(45,061,269	)		282,560,720			297,024,427			(3,120,637	)		(4,348,808	)
Change in Net Assets		(144,415,875	)		50,978,917			238,855,587			489,527,407			(3,452,634	)		(518,951	)
Net Assets:
Beginning of Period		430,270,108			379,291,191			1,137,444,140			647,916,733			28,238,206			28,757,157
End of Period	$	285,854,233		$	430,270,108		$	1,376,299,727		$	1,137,444,140		$	24,785,572		$	28,238,206
Accumulated Net Investment Income (Loss), End of Period	$	(413,414	)	$	69,654		$	529,817		$	(9,385	)	$	16,945		$	18,423

* Effective close of business on July 16, 2010, B Shares converted into A Shares for the Aggressive Growth Allocation Strategy and the Fund’s B Shares were no longer offered.

(a) Net realized gain (loss) from investments and net change in unrealized appreciation (depreciation) on investments for the Allocation Strategies are primarily attributable to the underlying investments in affiliated investment companies.

See Notes to Financial Statements.

78

STATEMENTS OF CHANGES IN NET ASSETS  (continued)

RIDGEWORTH FUNDS    For the Periods Indicated

	Small Cap Growth Stock Fund						Small Cap Value Equity Fund						Aggressive Growth Allocation Strategy
	04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11 *
Capital Transactions:
I Shares:
Proceeds from Shares Issued	$	112,609,048		$	104,321,223		$	502,225,850		$	410,951,559		$	6,050,805		$	5,957,157
Dividends Reinvested		—			—			57,746,278			5,957,114			332,307			261,368
Cost of Shares Redeemed		(243,856,993	)		(145,942,149	)		(354,015,396	)		(202,512,836	)		(9,645,702	)		(9,074,496	)
Change in Net Assets from I Shares		(131,247,945	)		(41,620,926	)		205,956,732			214,395,837			(3,262,590	)		(2,855,971	)
A Shares:
Proceeds from Shares Issued		696,531			578,834			88,266,630			84,054,865			1,123,365			2,196,173
Dividends Reinvested		—			—			7,388,778			216,783			52,911			36,162
Cost of Shares Redeemed		(2,724,957	)		(2,727,659	)		(26,759,201	)		(10,902,228	)		(805,786	)		(830,194	)
Change in Net Assets from A Shares		(2,028,426	)		(2,148,825	)		68,896,207			73,369,420			370,490			1,402,141
B Shares:
Proceeds from Shares Issued		—			—			—			—			—			—
Dividends Reinvested		—			—			—			—			—			—
Cost of Shares Redeemed		—			—			—			—			—			(2,232,677	)
Change in Net Assets from B Shares		—			—			—			—			—			(2,232,677	)
C Shares:
Proceeds from Shares Issued		462,006			538,625			11,163,851			12,211,739			32,250			82,396
Dividends Reinvested		—			—			1,616,134			16,432			7,268			8,380
Cost of Shares Redeemed		(1,853,792	)		(1,830,143	)		(5,072,204	)		(2,969,001	)		(268,055	)		(753,077	)
Change in Net Assets from C Shares		(1,391,786	)		(1,291,518	)		7,707,781			9,259,170			(228,537	)		(662,301	)
Change in Net Assets from Capital Transactions	$	(134,668,157	)	$	(45,061,269	)	$	282,560,720		$	297,024,427		$	(3,120,637	)	$	(4,348,808	)
Shares Transactions:
I Shares:
Issued		6,885,739			7,313,267			37,845,538			32,034,407			775,231			775,638
Reinvested		—			—			4,784,661			467,939			45,062			32,982
Redeemed		(15,121,362	)		(10,476,015	)		(26,796,563	)		(15,691,201	)		(1,212,010	)		(1,188,744	)
Change in I Shares		(8,235,623	)		(3,162,748	)		15,833,636			16,811,145			(391,717	)		(380,124	)
A Shares:
Issued		46,254			46,727			6,644,955			6,491,108			139,029			322,416
Reinvested		—			—			624,588			17,069			7,235			4,542
Redeemed		(182,012	)		(205,317	)		(2,029,258	)		(832,159	)		(102,089	)		(110,866	)
Change in A Shares		(135,758	)		(158,590	)		5,240,285			5,676,018			44,175			216,092
B Shares:
Issued		—			—			—			—			—			—
Reinvested		—			—			—			—			—			—
Redeemed		—			—			—			—			—			(336,452	)
Change in B Shares		—			—			—			—			—			(336,452	)
C Shares:
Issued		36,444			45,775			867,408			998,559			4,171			10,899
Reinvested		—			—			143,037			1,371			1,016			1,068
Redeemed		(139,651	)		(161,942	)		(405,163	)		(247,356	)		(33,429	)		(98,473	)
Change in C Shares		(103,207	)		(116,167	)		605,282			752,574			(28,242	)		(86,506	)
Change in Shares		(8,474,588	)		(3,437,505	)		21,679,203			23,239,737			(375,784	)		(586,990	)

* Effective close of business on July 16, 2010, B Shares converted into A Shares for the Aggressive Growth Allocation Strategy and the Fund’s B Shares were no longer offered.

See Notes to Financial Statements.

79

STATEMENTS OF CHANGES IN NET ASSETS  (continued)

RIDGEWORTH FUNDS    For the Periods Indicated

	Conservative Allocation Strategy						Growth Allocation Strategy						Moderate Allocation Strategy
	04/01/11- 03/31/12			04/01/10- 03/31/11*			04/01/11- 03/31/12			04/01/10- 03/31/11*			04/01/11- 03/31/12			04/01/10- 03/31/11*
Operations:
Net Investment Income	$	723,326		$	432,004		$	953,611		$	910,077		$	2,803,134		$	2,810,505
Net Realized Gain(a)		1,230,143			597,512			2,801,141			1,522,560			5,801,325			4,179,367
Net Change in Unrealized Appreciation (Depreciation)(a)		820,083			750,671			(1,708,870	)		6,158,752			(1,699,827	)		9,094,035
Change in Net Assets from Operations		2,773,552			1,780,187			2,045,882			8,591,389			6,904,632			16,083,907
Dividends and Distributions to Shareholders:
Net Investment Income:
I Shares		(490,584	)		(331,164	)		(1,157,474	)		(1,279,706	)		(3,317,278	)		(4,166,107	)
A Shares		(301,614	)		(243,950	)		(193,469	)		(201,741	)		(387,451	)		(388,692	)
B Shares		—			(12,153	)		—			(11,333	)		—			(27,414	)
C Shares		(190,595	)		(184,958	)		(34,327	)		(42,171	)		(248,498	)		(360,920	)
Net Realized Gains:
I Shares		(173,316	)		(4,755	)		—			—			(194,113	)		—
A Shares		(114,739	)		(4,425	)		—			—			(25,588	)		—
C Shares		(102,235	)		(3,775	)		—			—			(23,095	)		—
Total Dividends and Distributions		(1,373,083	)		(785,180	)		(1,385,270	)		(1,534,951	)		(4,196,023	)		(4,943,133	)
Change in Net Assets from Capital Transactions		28,380,350			11,570,747			972,762			(7,783,632	)		13,594,481			(13,519,462	)
Change in Net Assets		29,780,819			12,565,754			1,633,374			(727,194	)		16,303,090			(2,378,688	)
Net Assets:
Beginning of Period		28,573,149			16,007,395			69,329,501			70,056,695			152,471,890			154,850,578
End of Period	$	58,353,968		$	28,573,149		$	70,962,875		$	69,329,501		$	168,774,980		$	152,471,890
Accumulated Net Investment Income (Loss), End of Period	$	139,542		$	47,881		$	91,146		$	55,285		$	212,972		$	218,238

* Effective close of business on July 16, 2010, B Shares converted into A Shares for the Conservative Allocation Strategy, Growth Allocation Strategy and Moderate Allocation Strategy and those Funds’ B Shares were no longer offered.

(a) Net realized gain (loss) from investment transactions and net change in unrealized appreciation (depreciation) on investments for the Allocation Strategies are primarily attributable to the underlying investments in affiliated investment companies.

See Notes to Financial Statements.

80

STATEMENTS OF CHANGES IN NET ASSETS  (concluded)

RIDGEWORTH FUNDS    For the Periods Indicated

	Conservative Allocation Strategy						Growth Allocation Strategy						Moderate Allocation Strategy
	04/01/11- 03/31/12			04/01/10- 03/31/11*			04/01/11- 03/31/12			04/01/10- 03/31/11*			04/01/11- 03/31/12			04/01/10- 03/31/11*
Capital Transactions:
I Shares:
Proceeds from Shares Issued	$	17,650,865		$	8,309,437		$	17,146,643		$	11,514,340		$	38,576,165		$	29,228,904
Dividends Reinvested		480,880			276,413			1,156,952			1,271,479			3,435,555			4,072,231
Cost of Shares Redeemed		(9,940,112	)		(2,379,050	)		(17,156,100	)		(17,519,111	)		(33,442,177	)		(44,547,348	)
Change in Net Assets from I Shares		8,191,633			6,206,800			1,147,495			(4,733,292	)		8,569,543			(11,246,213	)
A Shares:
Proceeds from Shares Issued		18,713,370			5,816,862			2,051,893			8,473,784			8,378,039			7,203,672
Dividends Reinvested		383,291			204,083			183,884			191,261			386,242			361,161
Cost of Shares Redeemed		(3,788,403	)		(1,147,906	)		(2,141,808	)		(2,938,875	)		(3,275,586	)		(2,975,593	)
Change in Net Assets from A Shares		15,308,258			4,873,039			93,969			5,726,170			5,488,695			4,589,240
B Shares:
Dividends Reinvested		—			11,418			—			11,009			—			26,517
Cost of Shares Redeemed		—			(2,247,406	)		—			(8,305,688	)		—			(5,601,994	)
Change in Net Assets from B Shares		—			(2,235,988	)		—			(8,294,679	)		—			(5,575,477	)
C Shares:
Proceeds from Shares Issued		6,296,542			3,439,252			222,213			157,486			1,498,055			1,014,384
Dividends Reinvested		202,612			110,669			33,212			39,983			251,332			340,887
Cost of Shares Redeemed		(1,618,695	)		(823,025	)		(524,127	)		(679,300	)		(2,213,144	)		(2,642,283	)
Change in Net Assets from C Shares		4,880,459			2,726,896			(268,702	)		(481,831	)		(463,757	)		(1,287,012	)
Change in Net Assets from Capital Transactions	$	28,380,350		$	11,570,747		$	972,762		$	(7,783,632	)	$	13,594,481		$	(13,519,462	)
Shares Transactions:
I Shares:
Issued		1,479,451			699,638			1,698,468			1,194,841			3,726,374			2,911,964
Reinvested		41,087			23,578			119,766			128,809			341,449			404,786
Redeemed		(829,810	)		(202,577	)		(1,695,316	)		(1,804,108	)		(3,265,148	)		(4,433,072	)
Change in I Shares		690,728			520,639			122,918			(480,458	)		802,675			(1,116,322	)
A Shares:
Issued		1,571,627			501,233			202,080			940,794			812,948			747,072
Reinvested		32,743			17,389			19,155			19,268			38,473			35,409
Redeemed		(314,989	)		(97,316	)		(214,430	)		(305,154	)		(318,697	)		(297,347	)
Change in A Shares		1,289,381			421,306			6,805			654,908			532,724			485,134
B Shares:
Reinvested		—			1,000			—			1,169			—			2,765
Redeemed		—			(198,101	)		—			(930,026	)		—			(594,894	)
Change in B Shares		—			(197,101	)		—			(928,857	)		—			(592,129	)
C Shares:
Issued		530,270			295,340			21,820			16,230			145,884			101,947
Reinvested		17,513			9,502			3,521			4,069			25,304			34,087
Redeemed		(135,393	)		(70,224	)		(53,175	)		(70,991	)		(214,543	)		(265,912	)
Change in C Shares		412,390			234,618			(27,834	)		(50,692	)		(43,355	)		(129,878	)
Change in Shares		2,392,499			979,462			101,889			(805,099	)		1,292,044			(1,353,195	)

* Effective close of business on July 16, 2010, B Shares converted into A Shares for the Conservative Allocation Strategy, Growth Allocation Strategy and Moderate Allocation Strategy and those Funds’ B Shares were no longer offered.

See Notes to Financial Statements.

81

FINANCIAL HIGHLIGHTS

RIDGEWORTH FUNDS     Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.

		Investments		Investments			Investments			Investments			Investments			Investments		Investments			Investments			Investments			Investments			Investments		Investments			Investments			Investments			Investments
	Net Asset Value, Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gains (Losses) on Investments			Total From Operations			Dividends from Net Investment Income			Distributions from Tax Return of Capital		Distributions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value, End of Period			Total Return(a)			Net Assets End of Period (000)		Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income to Average Net Assets			Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)			Portfolio Turnover Rate
Aggressive Growth Stock Fund
I Shares
Year Ended March 31, 2012	$	16.45	$	(0.15	)(b)	$	(0.36	)	$	(0.51	)		$—		$	—		$—			$—		$	15.94			(3.16	)%		$88,132		1.22	%		(0.98	)%		1.22	%		30	%
Year Ended March 31, 2011		12.86		(0.12	)(b)		3.71			3.59			—			—		—			—			16.45	(c)		27.99			134,643		1.19			(0.89	)		1.19			53
Year Ended March 31, 2010		7.73		(0.08	)(b)		5.21			5.13			—			—		—			—			12.86			66.36			108,754		1.21			(0.77	)		1.21			27
Year Ended March 31, 2009		12.03		(0.09	)		(3.99	)		(4.08	)		—			—		(0.22	)		(0.22	)		7.73			(33.89	)		152,030		1.16			(0.72	)		1.16			27
Year Ended March 31, 2008		12.64		(0.09	)(b)		(0.11	)		(0.20	)		—			—		(0.41	)		(0.41	)		12.03			(2.12	)		306,709		1.16			(0.70	)		1.16			59
A Shares
Year Ended March 31, 2012		16.10		(0.18	)(b)		(0.38	)		(0.56	)		—			—		—			—			15.54			(3.48	)		3,803		1.53			(1.28	)		1.53			30
Year Ended March 31, 2011		12.62		(0.16	)(b)		3.64			3.48			—			—		—			—			16.10			27.58			3,519		1.49			(1.19	)		1.49			53
Year Ended March 31, 2010		7.61		(0.13	)(b)		5.14			5.01			—			—		—			—			12.62			65.83			2,502		1.52			(1.12	)		1.52			27
Year Ended March 31, 2009		11.88		(0.12	)		(3.93	)		(4.05	)		—			—		(0.22	)		(0.22	)		7.61			(34.06	)		416		1.46			(1.01	)		1.46			27
Year Ended March 31, 2008		12.53		(0.13	)(b)		(0.11	)		(0.24	)		—			—		(0.41	)		(0.41	)		11.88			(2.46	)		893		1.46			(0.99	)		1.46			59
Emerging Growth Stock Fund†
I Shares
Year Ended March 31, 2012		16.46		(0.14	)(b)		(2.33	)		(2.47	)		—			—		—			—			13.99			(15.01	)		9,216		1.24			(0.97	)		1.45			111
Year Ended March 31, 2011		11.23		(0.14	)(b)		5.37			5.23			—			—		—			—			16.46			46.57			26,439		1.23			(1.12	)		1.44			133
Year Ended March 31, 2010		6.43		(0.07	)(b)		4.87			4.80			—			—		—			—			11.23			74.65			19,793		1.20			(0.82	)		1.24			87
Year Ended March 31, 2009		11.08		(0.06	)(b)		(4.33	)		(4.39	)		—			—		(0.26	)		(0.26	)		6.43			(39.58	)		66,005		1.17			(0.68	)		1.17			71
Year Ended March 31, 2008		12.97		(0.10	)(b)		(0.41	)		(0.51	)		—			—		(1.38	)		(1.38	)		11.08			(6.29	)		116,703		1.17			(0.71	)		1.17			117
A Shares
Year Ended March 31, 2012		16.07		(0.16	)(b)		(2.29	)		(2.45	)		—			—		—			—			13.62			(15.25	)		3,386		1.54			(1.21	)		1.84			111
Year Ended March 31, 2011		10.99		(0.18	)(b)		5.26			5.08			—			—		—			—			16.07			46.22			1,846		1.54			(1.43	)		1.74			133
Year Ended March 31, 2010		6.31		(0.11	)(b)		4.79			4.68			—			—		—			—			10.99			74.17			563		1.52			(1.20	)		1.64			87
Year Ended March 31, 2009		10.92		(0.09	)(b)		(4.26	)		(4.35	)		—			—		(0.26	)		(0.26	)		6.31			(39.80	)		150		1.47			(1.00	)		1.47			71
Year Ended March 31, 2008		12.83		(0.14	)(b)		(0.39	)		(0.53	)		—			—		(1.38	)		(1.38	)		10.92			(6.52	)		632		1.47			(1.01	)		1.47			117
International Equity Fund
I Shares
Year Ended March 31, 2012		11.62		0.25	(b)		(0.90	)		(0.65	)		(0.23	)		—		—			(0.23	)		10.74			(5.24	)		261,561		1.29			2.33			1.29			78
Year Ended March 31, 2011		10.71		0.16	(b)		1.02			1.18			(0.27	)		—		—			(0.27	)		11.62			11.29			252,253		1.27			1.49			1.27			80
Year Ended March 31, 2010		6.38		0.11	(b)		4.28			4.39			(0.06	)		—		—			(0.06	)		10.71	(c)		68.80			273,819		1.25			1.17			1.30			95
Year Ended March 31, 2009		13.77		0.35			(7.28	)		(6.93	)		(0.25	)		—		(0.21	)		(0.46	)		6.38			(50.68	)		185,862		1.24			2.93			1.25			193
Year Ended March 31, 2008		16.83		0.34	(b)		(0.76	)		(0.42	)		(0.34	)		—		(2.30	)		(2.64	)		13.77			(4.16	)		1,089,572		1.21			2.06			1.21			141
A Shares
Year Ended March 31, 2012		11.49		0.21	(b)		(0.87	)		(0.66	)		(0.20	)		—		—			(0.20	)		10.63			(5.48	)		5,500		1.59			2.02			1.59			78
Year Ended March 31, 2011		10.59		0.13	(b)		1.01			1.14			(0.24	)		—		—			(0.24	)		11.49			10.98			7,227		1.57			1.24			1.57			80
Year Ended March 31, 2010		6.32		0.09	(b)		4.22			4.31			(0.04	)		—		—			(0.04	)		10.59	(c)		68.22			8,104		1.55			0.68			1.59			95
Year Ended March 31, 2009		13.61		0.33			(7.21	)		(6.88	)		(0.20	)		—		(0.21	)		(0.41	)		6.32			(50.84	)		3,580		1.54			2.71			1.54			193
Year Ended March 31, 2008		16.67		0.28	(b)		(0.74	)		(0.46	)		(0.30	)		—		(2.30	)		(2.60	)		13.61			(4.45	)		12,288		1.51			1.70			1.51			141
International Equity Index Fund
I Shares
Year Ended March 31, 2012		13.52		0.38	(b)		(1.77	)		(1.39	)		(0.45	)		—		—			(0.45	)		11.68			(9.78	)		339,763		0.72			3.15			0.72			31
Year Ended March 31, 2011		12.72		0.33	(b)		0.86			1.19			(0.39	)		—		—			(0.39	)		13.52			9.55			478,223		0.66			2.65			0.66			43
Year Ended March 31, 2010		8.75		0.34			4.03			4.37			(0.40	)		—		—			(0.40	)		12.72			49.93			839,582		0.64			2.46			0.64			36
Year Ended March 31, 2009		17.82		0.60			(9.05	)		(8.45	)		(0.62	)		—		—			(0.62	)		8.75			(47.89	)		726,931		0.61			3.63			0.61			47
Year Ended March 31, 2008		18.64		0.53			(0.86	)		(0.33	)		(0.49	)		—		—			(0.49	)		17.82			(2.03	)		958,514		0.59			2.74			0.59			13

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.

	Net Asset Value, Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gains (Losses) on Investments			Total From Operations			Dividends from Net Investment Income			Distributions from Tax Return of Capital			Distributions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value, End of Period		Total Return(a)			Net Assets End of Period (000)		Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income to Average Net Assets			Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)			Portfolio Turnover Rate
A Shares
Year Ended March 31, 2012	$	13.40		$0.38	(b)	$	(1.79	)	$	(1.41	)	$	(0.40	)	$	—			$—		$	(0.40	)	$	11.59		(10.05	)%		$2,529		1.02	%		3.11	%		1.02	%		31	%
Year Ended March 31, 2011		12.61		0.28	(b)		0.86			1.14			(0.35	)		—			—			(0.35	)		13.40		9.23			4,459		0.92			2.25			0.92			43
Year Ended March 31, 2010		8.69		0.25			4.05			4.30			(0.38	)		—			—			(0.38	)		12.61		49.46			5,998		0.94			1.72			0.94			36
Year Ended March 31, 2009		17.67		0.52			(8.93	)		(8.41	)		(0.57	)		—			—			(0.57	)		8.69		(48.04	)		2,533		0.91			3.48			0.91			47
Year Ended March 31, 2008		18.49		0.46			(0.84	)		(0.38	)		(0.44	)		—			—			(0.44	)		17.67		(2.29	)		6,052		0.89			2.40			0.89			13
Large Cap Core Growth Stock Fund
I Shares
Year Ended March 31, 2012		14.28		0.06	(b)		0.51	(d)		0.57			(0.05	)		—			—			(0.05	)		14.80		4.05			38,808		1.02			0.41			1.02			85
Year Ended March 31, 2011		13.01		0.15	(b)		1.28			1.43			(0.16	)		—			—			(0.16	)		14.28		11.08			348,113		0.93			1.15			0.93			136
Year Ended March 31, 2010		8.98		0.12			4.03			4.15			(0.12	)		—			—			(0.12	)		13.01		46.42			422,673		0.83			1.04			0.92			81
Year Ended March 31, 2009		14.25		0.19			(5.28	)		(5.09	)		(0.18	)		—			—			(0.18	)		8.98		(35.88	)		361,038		0.87			1.35			0.88			89
Year Ended March 31, 2008		17.79		0.21			(1.81	)		(1.60	)		(0.21	)		—	(e)		(1.73	)		(1.94	)		14.25		(10.32	)		1,239,965		0.86			1.23			0.86			78
A Shares
Year Ended March 31, 2012		14.43		0.02	(b)		0.51	(d)		0.53			(0.03	)		—			—			(0.03	)		14.93		3.71			16,301		1.32			0.14			1.32			85
Year Ended March 31, 2011		13.15		0.12	(b)		1.28			1.40			(0.12	)		—			—			(0.12	)		14.43		10.77			18,880		1.18			0.89			1.18			136
Year Ended March 31, 2010		9.08		0.09			4.08			4.17			(0.10	)		—			—			(0.10	)		13.15		46.11			21,511		1.08			0.79			1.17			81
Year Ended March 31, 2009		14.40		0.14			(5.31	)		(5.17	)		(0.15	)		—			—			(0.15	)		9.08		(36.02	)		17,254		1.12			1.13			1.12			89
Year Ended March 31, 2008		17.97		0.17			(1.84	)		(1.67	)		(0.17	)		—	(e)		(1.73	)		(1.90	)		14.40		(10.60	)		35,341		1.11			0.97			1.11			78
C Shares
Year Ended March 31, 2012		14.00		(0.08	)(b)		0.49	(d)		0.41			—	(e)		—			—			—	(e)		14.41		2.96			18,044		2.07			(0.62	)		2.07			85
Year Ended March 31, 2011		12.76		0.02	(b)		1.25			1.27			(0.03	)		—			—			(0.03	)		14.00		9.99			22,185		1.93			0.13			1.93			136
Year Ended March 31, 2010		8.84		—			3.97			3.97			(0.05	)		—			—			(0.05	)		12.76		44.99			26,275		1.83			0.04			1.92			81
Year Ended March 31, 2009		14.03		0.05			(5.17	)		(5.12	)		(0.07	)		—			—			(0.07	)		8.84		(36.51	)		21,571		1.87			0.38			1.87			89
Year Ended March 31, 2008		17.56		0.04			(1.79	)		(1.75	)		(0.05	)		—	(e)		(1.73	)		(1.78	)		14.03		(11.27	)		46,342		1.86			0.23			1.86			78
Large Cap Growth Stock Fund
I Shares
Year Ended March 31, 2012		11.55		(0.02	)(b)		1.42			1.40			—			—			—			—			12.95		12.12			261,090		1.07			(0.17	)		1.07			19
Year Ended March 31, 2011		9.59		0.01	(b)		1.95			1.96			—	(e)		—			—			—			11.55		20.48			406,017		1.04			0.06			1.06			30
Year Ended March 31, 2010		6.57		0.01			3.02			3.03			(0.01	)		—			—			(0.01	)		9.59		46.20			443,918		0.99			0.19			1.04			62
Year Ended March 31, 2009		9.95		0.04			(3.33	)		(3.29	)		(0.04	)		—			(0.05	)		(0.09	)		6.57		(33.16	)		439,356		0.99			0.54			1.03			85
Year Ended March 31, 2008		12.86		0.05			0.49			0.54			(0.05	)		—			(3.40	)		(3.45	)		9.95		0.92			633,291		1.00			0.45			1.01			109
A Shares
Year Ended March 31, 2012		10.70		(0.05	)(b)		1.31			1.26			—			—			—			—			11.96		11.78			45,854		1.37			(0.45	)		1.37			19
Year Ended March 31, 2011		8.91		(0.02	)(b)		1.81			1.79			—			—			—			—			10.70		20.09			46,358		1.34			(0.24	)		1.36			30
Year Ended March 31, 2010		6.11		(0.01	)		2.81			2.80			—			—			—			—			8.91		45.90			44,994		1.29			(0.11	)		1.34			62
Year Ended March 31, 2009		9.27		0.02			(3.11	)		(3.09	)		(0.02	)		—			(0.05	)		(0.07	)		6.11		(33.40	)		35,431		1.30			0.19			1.33			85
Year Ended March 31, 2008		12.19		0.02			0.49			0.51			(0.03	)		—			(3.40	)		(3.43	)		9.27		0.68			66,115		1.30			0.16			1.31			109
C Shares
Year Ended March 31, 2012		9.48		(0.11	)(b)		1.15			1.04			—			—			—			—			10.52		10.97			17,363		2.07			(1.15	)		2.07			19
Year Ended March 31, 2011		7.94		(0.08	)(b)		1.62			1.54			—			—			—			—			9.48		19.40			17,680		2.04			(0.94	)		2.06			30
Year Ended March 31, 2010		5.49		(0.06	)		2.51			2.45			—			—			—			—			7.94		44.63			17,516		1.99			(0.81	)		2.04			62
Year Ended March 31, 2009		8.37		(0.04	)		(2.78	)		(2.82	)		(0.01	)		—			(0.05	)		(0.06	)		5.49		(33.77	)		14,046		2.00			(0.52	)		2.03			85
Year Ended March 31, 2008		11.36		(0.06	)		0.48			0.42			(0.01	)		—			(3.40	)		(3.41	)		8.37		(0.08	)		27,949		2.00			(0.54	)		2.01			109

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.

	Net Asset Value, Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gains (Losses) on Investments			Total From Operations			Dividends from Net Investment Income			Distributions from Tax Return of Capital			Distributions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value, End of Period		Total Return(a)			Net Assets End of Period (000)		Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income to Average Net Assets			Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)			Portfolio Turnover Rate
Large Cap Value Equity Fund
I Shares
Year Ended March 31, 2012	$	13.47		$0.22	(b)		$0.28			$0.50		$	(0.20	)		$—			$—		$	(0.20	)	$	13.77		3.92	%	$	1,985,434		0.82	%		1.74	%		0.82	%		110	%
Year Ended March 31, 2011		11.71		0.18	(b)		1.75			1.93			(0.17	)		—			—			(0.17	)		13.47		16.69			1,348,969		0.83			1.48			0.83			134
Year Ended March 31, 2010		7.99		0.17			3.72			3.89			(0.17	)		—			—			(0.17	)		11.71		49.03			1,288,962		0.81			1.67			0.82			105
Year Ended March 31, 2009		12.35		0.25			(4.36	)		(4.11	)		(0.25	)		—			—			(0.25	)		7.99		(33.65	)		998,608		0.82			2.50			0.82			114
Year Ended March 31, 2008		15.13		0.28			(1.16	)		(0.88	)		(0.28	)		—			(1.62	)		(1.90	)		12.35		(7.07	)		898,491		0.83			1.93			0.83			116
A Shares
Year Ended March 31, 2012		13.41		0.19	(b)		0.27			0.46			(0.17	)		—			—			(0.17	)		13.70		3.58			233,782		1.12			1.50			1.12			110
Year Ended March 31, 2011		11.66		0.15	(b)		1.74			1.89			(0.14	)		—			—			(0.14	)		13.41		16.37			80,048		1.13			1.20			1.13			134
Year Ended March 31, 2010		7.96		0.14			3.71			3.85			(0.15	)		—			—			(0.15	)		11.66		48.59			33,805		1.11			1.37			1.12			105
Year Ended March 31, 2009		12.30		0.24			(4.36	)		(4.12	)		(0.22	)		—			—			(0.22	)		7.96		(33.83	)		24,385		1.12			2.17			1.12			114
Year Ended March 31, 2008		15.08		0.24			(1.16	)		(0.92	)		(0.24	)		—			(1.62	)		(1.86	)		12.30		(7.37	)		47,400		1.13			1.63			1.13			116
C Shares
Year Ended March 31, 2012		13.21		0.08	(b)		0.29			0.37			(0.08	)		—			—			(0.08	)		13.50		2.86			17,027		1.82			0.68			1.82			110
Year Ended March 31, 2011		11.49		0.06	(b)		1.72			1.78			(0.06	)		—			—			(0.06	)		13.21		15.53			18,686		1.83			0.48			1.83			134
Year Ended March 31, 2010		7.87		0.07			3.65			3.72			(0.10	)		—			—			(0.10	)		11.49		47.43			19,823		1.81			0.67			1.82			105
Year Ended March 31, 2009		12.16		0.16			(4.31	)		(4.15	)		(0.14	)		—			—			(0.14	)		7.87		(34.28	)		15,410		1.82			1.46			1.82			114
Year Ended March 31, 2008		14.92		0.14			(1.14	)		(1.00	)		(0.14	)		—			(1.62	)		(1.76	)		12.16		(7.93	)		29,329		1.83			0.92			1.83			116
Mid-Cap Value Equity Fund
I Shares
Year Ended March 31, 2012		12.70		0.17	(b)		(0.66	)		(0.49	)		(0.17	)		—			(0.97	)		(1.14	)		11.07		(2.33	)		1,679,244		1.04			1.56			1.04			182
Year Ended March 31, 2011		11.17		0.10	(b)		2.26			2.36			(0.09	)		—			(0.74	)		(0.83	)		12.70		21.89			1,710,610		1.04			0.91			1.04			170
Year Ended March 31, 2010		6.45		0.11			4.73			4.84			(0.12	)		—			—			(0.12	)		11.17		75.36			803,168		1.03			1.11			1.04			195
Year Ended March 31, 2009		9.58		0.14	(b)		(3.13	)		(2.99	)		(0.14	)		—			—			(0.14	)		6.45		(31.46	)		231,035		1.07			1.76			1.07			213
Year Ended March 31, 2008		13.02		0.19	(b)		(1.18	)		(0.99	)		(0.18	)(f)		—			(2.27	)(f)		(2.45	)(f)		9.58		(9.75	)		257,978		1.06			1.52			1.06			221
A Shares
Year Ended March 31, 2012		12.62		0.15	(b)		(0.67	)		(0.52	)		(0.14	)		—			(0.97	)		(1.11	)		10.99		(2.63	)		433,674		1.34			1.40			1.34			182
Year Ended March 31, 2011		11.11		0.08	(b)		2.24			2.32			(0.07	)		—			(0.74	)		(0.81	)		12.62		21.55			252,165		1.35			0.70			1.35			170
Year Ended March 31, 2010		6.42		0.09			4.70			4.79			(0.10	)		—			—			(0.10	)		11.11		74.87			36,756		1.32			0.70			1.34			195
Year Ended March 31, 2009		9.53		0.12	(b)		(3.12	)		(3.00	)		(0.11	)		—			—			(0.11	)		6.42		(31.64	)		2,912		1.37			1.36			1.37			213
Year Ended March 31, 2008		12.97		0.12	(b)		(1.14	)		(1.02	)		(0.15	)(f)		—			(2.27	)(f)		(2.42	)(f)		9.53		(10.03	)		7,774		1.36			1.04			1.36			221
C Shares
Year Ended March 31, 2012		12.48		0.07	(b)		(0.66	)		(0.59	)		(0.07	)		—			(0.97	)		(1.04	)		10.85		(3.32	)		42,272		2.04			0.65			2.04			182
Year Ended March 31, 2011		11.02		—	(b)		2.21			2.21			(0.01	)		—			(0.74	)		(0.75	)		12.48		20.71			24,496		2.04			(0.04	)		2.04			170
Year Ended March 31, 2010		6.38		0.02			4.67			4.69			(0.05	)		—			—			(0.05	)		11.02		73.71			5,853		2.03			0.13			2.04			195
Year Ended March 31, 2009		9.47		0.06	(b)		(3.10	)		(3.04	)		(0.05	)		—			—			(0.05	)		6.38		(32.09	)		1,949		2.07			0.72			2.07			213
Year Ended March 31, 2008		12.91		0.07	(b)		(1.18	)		(1.11	)		(0.06	)(f)		—			(2.27	)(f)		(2.33	)(f)		9.47		(10.72	)		4,049		2.06			0.57			2.06			221
Select Large Cap Growth Stock Fund
I Shares
Year Ended March 31, 2012		32.51		(0.04	)(b)		2.24			2.20			—			—			(0.82	)		(0.82	)		33.89		7.31			34,499		1.05			(0.13	)		1.05			66
Year Ended March 31, 2011		27.79		0.02	(b)		4.70			4.72			—			—			—			—			32.51		16.98			80,589		0.99			0.07			0.99			72
Year Ended March 31, 2010		19.74		0.04			8.03			8.07			(0.02	)		—	(e)		—			(0.02	)		27.79		40.93			114,100		0.96			0.18			0.96			65
Year Ended March 31, 2009		28.32		0.09			(8.60	)		(8.51	)		(0.06	)		(0.01	)		—			(0.07	)		19.74		(30.06	)		95,540		0.95			0.45			0.96			65
Year Ended March 31, 2008		26.92		0.08	(b)		1.35			1.43			(0.03	)		—			—			(0.03	)		28.32		5.30			96,704		0.94			0.28			0.95			62

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.

	Net Asset Value, Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gains (Losses) on Investments			Total From Operations			Dividends from Net Investment Income			Distributions from Tax Return of Capital			Distributions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value, End of Period		Total Return(a)			Net Assets End of Period (000)		Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income to Average Net Assets			Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)			Portfolio Turnover Rate
A Shares
Year Ended March 31, 2012	$	32.04	$	(0.13	)(b)		$2.19			$2.06			$—			$—		$	(0.82	)	$	(0.82	)	$	33.28		6.98	%		$796		1.36	%		(0.43	)%		1.36	%		66	%
Year Ended March 31, 2011		27.47		(0.06	)(b)		4.63			4.57			—			—			—			—			32.04		16.64			698		1.29			(0.21	)		1.29			72
Year Ended March 31, 2010		19.54		(0.03	)		7.97			7.94			(0.01	)		—	(e)		—			(0.01	)		27.47		40.65			244		1.25			(0.10	)		1.26			65
Year Ended March 31, 2009		28.06		0.02			(8.52	)		(8.50	)		(0.01	)		(0.01	)		—			(0.02	)		19.54		(30.28	)		175		1.25			0.04			1.25			65
Year Ended March 31, 2008		26.73		—	(b)		1.33			1.33			—			—			—			—			28.06		4.98			556		1.24			—			1.25			62
C Shares
Year Ended March 31, 2012		29.08		(0.31	)(b)		1.95			1.64			—			—			(0.82	)		(0.82	)		29.90		6.24			16,053		2.06			(1.13	)		2.06			66
Year Ended March 31, 2011		25.10		(0.23	)(b)		4.21			3.98			—			—			—			—			29.08		15.86			18,332		1.99			(0.92	)		1.99			72
Year Ended March 31, 2010		17.99		(0.19	)		7.30			7.11			—			—	(e)		—			—			25.10		39.52			19,040		1.96			(0.81	)		1.96			65
Year Ended March 31, 2009		25.98		(0.14	)		(7.85	)		(7.99	)		—			—			—			—			17.99		(30.75	)		15,237		1.95			(0.59	)		1.95			65
Year Ended March 31, 2008		24.93		(0.20	)(b)		1.25			1.05			—			—			—			—			25.98		4.21			26,596		1.95			(0.74	)		1.95			62
Small Cap Growth Stock Fund
I Shares
Year Ended March 31, 2012		17.17		(0.10	)(b)		0.14	(d)		0.04			—			—			—			—			17.21		0.23			267,694		1.23			(0.62	)		1.23			71
Year Ended March 31, 2011		13.32		(0.11	)(b)		3.96			3.85			—			—			—			—			17.17		28.90			408,399		1.23			(0.81	)		1.23			112
Year Ended March 31, 2010		8.52		(0.09	)		4.89			4.80			—			—			—			—			13.32		56.34			358,947		1.22			(0.76	)		1.22			103
Year Ended March 31, 2009		13.53		(0.04	)		(4.97	)		(5.01	)		—			—			—			—			8.52		(37.03	)		273,548		1.21			(0.30	)		1.21			157
Year Ended March 31, 2008		20.61		(0.11	)(b)		(0.33	)		(0.44	)		—			(0.11	)		(6.53	)		(6.64	)		13.53		(7.09	)		490,675		1.19			(0.57	)		1.20			126
A Shares
Year Ended March 31, 2012		16.19		(0.14	)(b)		0.13	(d)		(0.01	)		—			—			—			—			16.18		(0.06	)		10,032		1.54			(0.91	)		1.54			71
Year Ended March 31, 2011		12.59		(0.15	)(b)		3.75			3.60			—			—			—			—			16.19		28.59			12,235		1.53			(1.11	)		1.53			112
Year Ended March 31, 2010		8.08		(0.12	)		4.63			4.51			—			—			—			—			12.59		55.82			11,517		1.52			(1.06	)		1.52			103
Year Ended March 31, 2009		12.88		(0.08	)		(4.72	)		(4.80	)		—			—			—			—			8.08		(37.27	)		8,294		1.51			(0.60	)		1.51			157
Year Ended March 31, 2008		19.96		(0.16	)(b)		(0.28	)		(0.44	)		—			(0.11	)		(6.53	)		(6.64	)		12.88		(7.33	)		16,490		1.49			(0.87	)		1.50			126
C Shares
Year Ended March 31, 2012		14.01		(0.21	)(b)		0.11	(d)		(0.10	)		—			—			—			—			13.91		(0.71	)		8,129		2.24			(1.61	)		2.24			71
Year Ended March 31, 2011		10.98		(0.21	)(b)		3.24			3.03			—			—			—			—			14.01		27.60			9,636		2.23			(1.81	)		2.23			112
Year Ended March 31, 2010		7.10		(0.17	)		4.05			3.88			—			—			—			—			10.98		54.65			8,827		2.22			(1.76	)		2.22			103
Year Ended March 31, 2009		11.38		(0.15	)		(4.13	)		(4.28	)		—			—			—			—			7.10		(37.61	)		6,567		2.21			(1.30	)		2.21			157
Year Ended March 31, 2008		18.46		(0.27	)(b)		(0.17	)		(0.44	)		—			(0.11	)		(6.53	)		(6.64	)		11.38		(7.98	)		14,323		2.20			(1.57	)		2.21			126
Small Cap Value Equity Fund
I Shares
Year Ended March 31, 2012		14.54		0.12	(b)		(0.07	)(d)		0.05			(0.12	)		—			(0.67	)		(0.79	)		13.80		1.15			1,169,093		1.20			0.92			1.20			46
Year Ended March 31, 2011		11.76		0.10	(b)		2.79			2.89			(0.11	)		—			—			(0.11	)		14.54		24.68			1,002,005		1.21			0.82			1.21			72
Year Ended March 31, 2010		7.57		0.11			4.20			4.31			(0.12	)		—			—			(0.12	)		11.76		57.15			612,490		1.21			1.29			1.21			62
Year Ended March 31, 2009		11.17		0.16			(3.44	)		(3.28	)		(0.16	)		—			(0.16	)		(0.32	)		7.57		(29.61	)		316,142		1.21			1.61			1.22			71
Year Ended March 31, 2008		17.35		0.18			(1.65	)		(1.47	)		(0.17	)		—			(4.54	)		(4.71	)		11.17		(11.23	)		469,424		1.19			1.20			1.19			75
A Shares
Year Ended March 31, 2012		14.33		0.08	(b)		(0.08	)(d)		—			(0.08	)		—			(0.67	)		(0.75	)		13.58		0.81			169,100		1.50			0.63			1.50			46
Year Ended March 31, 2011		11.59		0.06	(b)		2.75			2.81			(0.07	)		—			—			(0.07	)		14.33		24.38			103,365		1.52			0.48			1.52			72
Year Ended March 31, 2010		7.47		0.07			4.15			4.22			(0.10	)		—			—			(0.10	)		11.59		56.66			17,826		1.50			1.00			1.50			62
Year Ended March 31, 2009		11.03		0.13			(3.40	)		(3.27	)		(0.13	)		—			(0.16	)		(0.29	)		7.47		(29.83	)		2,243		1.49			1.34			1.50			71
Year Ended March 31, 2008		17.20		0.14			(1.63	)		(1.49	)		(0.14	)		—			(4.54	)		(4.68	)		11.03		(11.48	)		4,887		1.44			0.94			1.44			75

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.

	Net Asset Value, Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gains (Losses) on Investments			Total From Operations			Dividends from Net Investment Income			Distributions from Tax Return of Capital			Distributions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value, End of Period		Total Return(a)			Net Assets End of Period (000)		Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income to Average Net Assets			Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)			Portfolio Turnover Rate
C Shares
Year Ended March 31, 2012	$	13.76	$	(0.01	)(b)	$	(0.08	)(d)	$	(0.09	)	$	(0.02	)	$	—		$	(0.67	)	$	(0.69	)	$	12.98		0.12	%	$	38,107		2.20	%		(0.08	)%		2.20	%		46	%
Year Ended March 31, 2011		11.15		(0.02	)(b)		2.64			2.62			(0.01	)		—			—			(0.01	)		13.76		23.51			32,074		2.21			(0.18	)		2.21			72
Year Ended March 31, 2010		7.20		0.02			3.97			3.99			(0.04	)		—			—			(0.04	)		11.15		55.48			17,601		2.21			0.30			2.21			62
Year Ended March 31, 2009		10.65		0.09			(3.28	)		(3.19	)		(0.10	)		—			(0.16	)		(0.26	)		7.20		(30.14	)		11,091		1.89			0.94			1.89			71
Year Ended March 31, 2008		16.76		0.14			(1.57	)		(1.43	)		(0.14	)		—			(4.54	)		(4.68	)		10.65		(11.41	)		22,243		1.44			0.94			1.45			75
Aggressive Growth Allocation Strategy(g)
I Shares
Year Ended March 31, 2012		8.57		0.08	(b)		(0.02	)		0.06			(0.13	)		—			—			(0.13	)		8.50		0.89			18,993		0.20			0.98			0.45			55
Year Ended March 31, 2011		7.43		0.05	(b)		1.18			1.23			(0.09	)		—			—			(0.09	)		8.57		16.73			22,524		0.20			0.71			0.52			19
Year Ended March 31, 2010		5.06		0.10			2.36			2.46			(0.09	)		—			—			(0.09	)		7.43		48.74			22,335		—			1.41			0.33			23
Year Ended March 31, 2009		10.37		0.11			(3.68	)		(3.57	)		(0.13	)		—	(e)		(1.61	)		(1.74	)		5.06		(35.39	)		13,411		0.20			1.32			0.23			25
Year Ended March 31, 2008		13.00		0.14	(b)		(0.46	)		(0.32	)		(0.41	)		—			(1.90	)		(2.31	)		10.37		(4.59	)		28,514		0.19			1.04			0.20			46
A Shares
Year Ended March 31, 2012		8.52		0.05	(b)		(0.03	)		0.02			(0.11	)		—			—			(0.11	)		8.43		0.42			4,982		0.50			0.61			0.75			55
Year Ended March 31, 2011		7.38		0.04	(b)		1.17			1.21			(0.07	)		—			—			(0.07	)		8.52		16.48			4,655		0.50			0.51			0.84			19
Year Ended March 31, 2010		5.04		0.07			2.34			2.41			(0.07	)		—			—			(0.07	)		7.38		48.02			2,438		—			1.03			0.63			23
Year Ended March 31, 2009		10.33		0.09			(3.66	)		(3.57	)		(0.11	)		—	(e)		(1.61	)		(1.72	)		5.04		(35.50	)		1,815		0.50			1.07			0.53			25
Year Ended March 31, 2008		12.97		0.13	(b)		(0.49	)		(0.36	)		(0.38	)		—			(1.90	)		(2.28	)		10.33		(4.88	)		3,067		0.49			0.94			0.50			46
C Shares
Year Ended March 31, 2012		8.39		(0.01	)(b)		(0.02	)		(0.03	)		(0.08	)		—			—			(0.08	)		8.28		(0.21	)		811		1.20			(0.12	)		1.45			55
Year Ended March 31, 2011		7.30		(0.02	)(b)		1.16			1.14			(0.05	)		—			—			(0.05	)		8.39		15.70			1,059		1.20			(0.33	)		1.52			19
Year Ended March 31, 2010		5.00		0.03			2.32			2.35			(0.05	)		—			—			(0.05	)		7.30		47.14			1,554		—			0.37			1.33			23
Year Ended March 31, 2009		10.29		0.03			(3.65	)		(3.62	)		(0.06	)		—	(e)		(1.61	)		(1.67	)		5.00		(36.04	)		1,076		1.20			0.39			1.23			25
Year Ended March 31, 2008		12.98		0.04	(b)		(0.49	)		(0.45	)		(0.34	)		—			(1.90	)		(2.24	)		10.29		(5.56	)		1,767		1.19			0.27			1.21			46
Conservative Allocation Strategy(g)
I Shares
Year Ended March 31, 2012		12.07		0.27	(b)		0.38			0.65			(0.34	)		—			(0.11	)		(0.45	)		12.27		5.61			21,585		0.20			2.24			0.40			28
Year Ended March 31, 2011		11.51		0.28	(b)		0.75			1.03			(0.46	)		—			(0.01	)		(0.47	)		12.07		9.15			12,897		0.20			2.41			0.66			28
Year Ended March 31, 2010		9.81		0.27			1.72			1.99			(0.28	)		—			(0.01	)		(0.29	)		11.51		20.51			6,310		0.20			2.61			0.53			29
Year Ended March 31, 2009		11.11		0.44			(1.10	)		(0.66	)		(0.50	)		—			(0.14	)		(0.64	)		9.81		(6.06	)		3,778		0.20			4.08			0.36			48
Year Ended March 31, 2008		11.37		0.44			(0.10	)		0.34			(0.44	)		—			(0.16	)		(0.60	)		11.11		3.02			5,177		0.18			3.98			0.30			47
A Shares
Year Ended March 31, 2012		12.06		0.22	(b)		0.39			0.61			(0.30	)		—			(0.11	)		(0.41	)		12.26		5.32			24,322		0.50			1.83			0.70			28
Year Ended March 31, 2011		11.51		0.28	(b)		0.71			0.99			(0.43	)		—			(0.01	)		(0.44	)		12.06		8.73			8,371		0.50			2.35			0.96			28
Year Ended March 31, 2010		9.81		0.23			1.74			1.97			(0.26	)		—			(0.01	)		(0.27	)		11.51		20.25			3,137		0.50			2.27			0.89			29
Year Ended March 31, 2009		11.12		0.41			(1.11	)		(0.70	)		(0.47	)		—			(0.14	)		(0.61	)		9.81		(6.42	)		584		0.50			3.81			0.67			48
Year Ended March 31, 2008		11.38		0.44			(0.13	)		0.31			(0.41	)		—			(0.16	)		(0.57	)		11.12		2.75			663		0.49			3.63			0.61			47
C Shares
Year Ended March 31, 2012		11.99		0.15	(b)		0.38			0.53			(0.23	)		—			(0.11	)		(0.34	)		12.18		4.56			12,447		1.20			1.27			1.40			28
Year Ended March 31, 2011		11.44		0.17	(b)		0.74			0.91			(0.35	)		—			(0.01	)		(0.36	)		11.99		8.07			7,305		1.20			1.47			1.65			28
Year Ended March 31, 2010		9.77		0.16			1.71			1.87			(0.19	)		—			(0.01	)		(0.20	)		11.44		19.29			4,294		1.20			1.61			1.52			29
Year Ended March 31, 2009		11.09		0.31			(1.08	)		(0.77	)		(0.41	)		—			(0.14	)		(0.55	)		9.77		(7.08	)		1,973		1.20			3.17			1.37			48
Year Ended March 31, 2008		11.37		0.34			(0.11	)		0.23			(0.35	)		—			(0.16	)		(0.51	)		11.09		2.03			840		1.18			2.94			1.31			47

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.

	Net Asset Value, Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gains (Losses) on Investments			Total From Operations			Dividends from Net Investment Income			Distributions from Tax Return of Capital		Distributions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value, End of Period		Total Return(a)			Net Assets End of Period (000)		Ratio of Net Expenses to Average Net Assets			Ratio of Net Investment Income to Average Net Assets			Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)			Portfolio Turnover Rate
Growth Allocation Strategy(g)
I Shares
Year Ended March 31, 2012	$	10.56	$	0.15	(b)		$0.15			$0.30		$	(0.22	)	$	—		$—		$	(0.22	)	$	10.64		3.06	%		$57,078		0.20	%		1.53	%		0.26	%		49	%
Year Ended March 31, 2011		9.52		0.14	(b)		1.13			1.27			(0.23	)		—		—			(0.23	)		10.56		13.58			55,332		0.20			1.44			0.31			25
Year Ended March 31, 2010		7.02		0.15			2.50			2.65			(0.15	)		—		—			(0.15	)		9.52		37.92			54,407		0.19			1.70			0.24			21
Year Ended March 31, 2009		11.31		0.23			(2.99	)		(2.76	)		(0.26	)		—		(1.27	)		(1.53	)		7.02		(25.01	)		40,472		0.20			2.41			0.21			28
Year Ended March 31, 2008		12.89		0.28			(0.44	)		(0.16	)		(0.45	)		—		(0.97	)		(1.42	)		11.31		(2.16	)		69,704		0.17			2.02			0.17			50
A Shares
Year Ended March 31, 2012		10.53		0.12	(b)		0.15			0.27			(0.19	)		—		—			(0.19	)		10.61		2.76			11,092		0.50			1.22			0.56			49
Year Ended March 31, 2011		9.48		0.13	(b)		1.12			1.25			(0.20	)		—		—			(0.20	)		10.53		13.35			10,934		0.50			1.35			0.61			25
Year Ended March 31, 2010		7.00		0.13			2.48			2.61			(0.13	)		—		—			(0.13	)		9.48		37.46			3,638		0.49			1.39			0.54			21
Year Ended March 31, 2009		11.28		0.20			(2.98	)		(2.78	)		(0.23	)		—		(1.27	)		(1.50	)		7.00		(25.21	)		2,776		0.49			2.07			0.50			28
Year Ended March 31, 2008		12.87		0.20			(0.40	)		(0.20	)		(0.42	)		—		(0.97	)		(1.39	)		11.28		(2.47	)		5,031		0.47			1.62			0.47			50
C Shares
Year Ended March 31, 2012		10.41		0.05	(b)		0.15			0.20			(0.13	)		—		—			(0.13	)		10.48		2.03			2,793		1.20			0.50			1.26			49
Year Ended March 31, 2011		9.38		0.04	(b)		1.12			1.16			(0.13	)		—		—			(0.13	)		10.41		12.50			3,063		1.20			0.43			1.31			25
Year Ended March 31, 2010		6.94		0.07			2.46			2.53			(0.09	)		—		—			(0.09	)		9.38		36.53			3,234		1.19			0.69			1.24			21
Year Ended March 31, 2009		11.22		0.14			(2.98	)		(2.84	)		(0.17	)		—		(1.27	)		(1.44	)		6.94		(25.88	)		2,844		1.19			1.37			1.20			28
Year Ended March 31, 2008		12.83		0.15			(0.44	)		(0.29	)		(0.35	)		—		(0.97	)		(1.32	)		11.22		(3.14	)		5,584		1.17			1.12			1.17			50
Moderate Allocation Strategy(g)
I Shares
Year Ended March 31, 2012		10.60		0.20	(b)		0.27			0.47			(0.28	)		—		(0.02	)		(0.30	)		10.77		4.63			133,382		0.20			1.96			0.22			38
Year Ended March 31, 2011		9.84		0.20	(b)		0.90			1.10			(0.34	)		—		—			(0.34	)		10.60		11.45			122,804		0.20			2.00			0.23			33
Year Ended March 31, 2010		7.76		0.20			2.09			2.29			(0.21	)		—		—			(0.21	)		9.84		29.66			125,016		0.19			2.22			0.21			21
Year Ended March 31, 2009		10.38		0.29			(2.07	)		(1.78	)		(0.34	)		—		(0.50	)		(0.84	)		7.76		(17.47	)		103,606		0.20			3.11			0.21			31
Year Ended March 31, 2008		10.88		0.31			(0.25	)		0.06			(0.39	)		—		(0.17	)		(0.56	)		10.38		0.30			147,784		0.17			2.87			0.17			40
A Shares
Year Ended March 31, 2012		10.58		0.18	(b)		0.26			0.44			(0.25	)		—		(0.02	)		(0.27	)		10.75		4.33			20,366		0.50			1.70			0.52			38
Year Ended March 31, 2011		9.82		0.18	(b)		0.89			1.07			(0.31	)		—		—			(0.31	)		10.58		11.11			14,416		0.50			1.79			0.53			33
Year Ended March 31, 2010		7.75		0.17			2.08			2.25			(0.18	)		—		—			(0.18	)		9.82		29.23			8,615		0.49			1.91			0.51			21
Year Ended March 31, 2009		10.37		0.25			(2.06	)		(1.81	)		(0.31	)		—		(0.50	)		(0.81	)		7.75		(17.72	)		5,845		0.50			2.81			0.51			31
Year Ended March 31, 2008		10.88		0.28			(0.25	)		0.03			(0.37	)		—		(0.17	)		(0.54	)		10.37		(0.02	)		8,632		0.47			2.59			0.48			40
C Shares
Year Ended March 31, 2012		10.52		0.10	(b)		0.27			0.37			(0.18	)		—		(0.02	)		(0.20	)		10.69		3.60			15,028		1.20			0.95			1.22			38
Year Ended March 31, 2011		9.77		0.09	(b)		0.90			0.99			(0.24	)		—		—			(0.24	)		10.52		10.29			15,252		1.20			0.95			1.23			33
Year Ended March 31, 2010		7.72		0.11			2.07			2.18			(0.13	)		—		—			(0.13	)		9.77		28.31			15,431		1.19			1.21			1.21			21
Year Ended March 31, 2009		10.34		0.20			(2.07	)		(1.87	)		(0.25	)		—		(0.50	)		(0.75	)		7.72		(18.34	)		12,405		1.20			2.08			1.20			31
Year Ended March 31, 2008		10.86		0.20			(0.25	)		(0.05	)		(0.30	)		—		(0.17	)		(0.47	)		10.34		(0.66	)		20,419		1.17			1.87			1.17			40

See Notes to Financial Highlights and Notes to Financial Statements.

87

NOTES TO FINANCIAL HIGHLIGHTS

RIDGEWORTH FUNDS    March 31, 2012

(a) Total return excludes sales charge.

(b) Per share data calculated using average shares outstanding method.

(c) Net Asset Value (“NAV”) varies from NAV reported to shareholders at period end as these financial statements are prepared inclusive of trade date adjustments.

(d) Realized and unrealized gain (loss) per share does not correlate to the aggregate of the net realized and unrealized gain (loss) in the Statements of Operations for the year ended March 31, 2012, primarily due to the timing of the sales and repurchases of the Fund’s shares in relation to fluctuating market values for the Fund’s portfolio.

(e) Rounds to less than $0.01 per share.

(f) Amended from prior Financial Highlights that included a $(0.05) tax return of capital in the “Dividends from Net Investment Income” column, and was footnoted, as such, in the Notes to Financial Highlights. It was subsequently determined that there was not a return of capital and that the $(0.05) distribution was from realized capital gains and, therefore, the Distributions from Realized Capital Gains has been revised to $(2.27) per share from $(2.22) per share.

(g) The Fund and its shareholders indirectly bear a pro rata share of the fees and expenses incurred by the underlying funds in which the Fund is invested. The expense ratios do not include such expenses.

† Effective close of business on April 27, 2012, the Fund merged into Aggressive Growth Stock Fund (See Notes to Financial Statements).

88

NOTES TO FINANCIAL STATEMENTS

RIDGEWORTH FUNDS    March 31, 2012

1. Organization

The RidgeWorth Funds (the “Trust”) is organized as a Massachusetts business trust and is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. 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 Fund, International Equity Index Fund, Large Cap Core Growth Stock Fund, Large Cap Growth Stock Fund, Large Cap Value Equity Fund, Mid-Cap Value Equity Fund, Select Large Cap Growth Stock Fund, Small Cap Growth Stock Fund, Small Cap Value Equity Fund, Aggressive Growth Allocation Strategy, Conservative Allocation Strategy, Growth Allocation Strategy and Moderate Allocation Strategy (each, a “Fund” and collectively, the “Funds”).

The Aggressive Growth Stock Fund, Emerging Growth Stock Fund, International Equity Fund and International Equity Index Fund offer I Shares and A Shares. The Large Cap Core Growth Stock Fund, Large Cap Growth Stock Fund, Large Cap Value Equity Fund, Mid-Cap Value Equity Fund, Select Large Cap Growth Stock Fund, Small Cap Growth Stock Fund, Small Cap Value Equity Fund, Aggressive Growth Allocation Strategy, Conservative Allocation Strategy, Growth Allocation Strategy and Moderate Allocation Strategy offer I Shares, A Shares and C Shares.

The assets of each Fund are segregated, and a shareholder’s interest is limited to the Fund in which shares are held. Each class of shares has identical rights and privileges, except with respect to the fees paid under the Distribution and Service plans, voting rights on matters affecting a single class of shares and sales charges. The A Shares of the Funds (except Conservative Allocation Strategy) have a maximum sales charge on purchases of 5.75% as a percentage of original purchase price. Conservative Allocation Strategy A Shares have a maximum sales charge on purchases of 4.75% as a percentage of original purchase price. Certain purchases of A Shares will not be subject to a front-end sales charge but will be subject to a contingent deferred sales charge (“CDSC”) of up to 0.75% if redeemed within two years of purchase. Prior to September 1, 2011, shareholders may have been subject to a deferred sales charge of 1.00% on the redemption of these A Shares within one year of purchase. Shareholders will continue to pay the 1.00% deferred sales charge if they redeem, within one year, qualifying A Shares purchased prior to September 1, 2011. The deferred sales charge may be waived from time to time for certain broker-dealers that waive payment of compensation to them. 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 a redemption request, whichever is less, if shares are redeemed within one year of purchase. There is no sales charge or CDSC on purchases or sales of I Shares.

The Trust’s 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 are significant accounting policies consistently followed by the Funds and are in conformity with accounting principles generally accepted in the U.S. (“GAAP”). Estimates and assumptions are required to be made regarding assets, liabilities and changes in net assets resulting from operations when financial statements are prepared. Changes in the economic environment, financial markets and any other parameters used in determining these estimates could cause actual results to differ.

(a) Investment Valuation — Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. The prices are provided by independent pricing vendors approved by the Board of Trustees (the “Board”). When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before each Fund calculates their net asset value, each of the Funds values these securities as determined in accordance with Pricing and Valuation Procedures approved by the Funds’ 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 in accordance with 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

89

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

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. Short-term obligations with maturities of 60 days or less are valued at amortized cost, which approximates fair value and such securities are considered Level 2. Certain of the Funds hold securities or other assets that are denominated in a foreign currency. The Funds will normally use the currency exchange rates as of 4:00 p.m. (Eastern Time) when valuing such assets. Using the Funds’ Pricing and Valuation Procedures, such securities may be considered Level 2 or Level 3 in the fair value hierarchy.

The assets of Aggressive Growth Allocation Strategy, Conservative Allocation Strategy, Growth Allocation Strategy and Moderate Allocation Strategy (the “Allocation Strategies”) consist of investments in underlying funds, which are valued at their respective daily net asset values. Recognition of net investment income by the Allocation Strategies is affected by the timing of the declaration of dividends by the underlying funds in which the Allocation Strategies invest. Also, in addition to the Allocation Strategies direct expenses, shareholders bear a proportionate share of the underlying funds’ expenses.

The Funds, in accordance with GAAP, have adopted Financial Accounting Standards Board Codification Topic 820 (“ASC Topic 820”). ASC Topic 820 establishes a single definition of fair value, creates a three-tier hierarchy as a framework for measuring fair value based on inputs used to value the Funds’ investments, and requires additional disclosure about fair value. The hierarchy of inputs is summarized below:

Ÿ Level 1 — quoted prices in active markets for identical investments

Ÿ Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

Ÿ Level 3 — significant unobservable inputs (including the Funds’ 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.

The Funds use valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

The following is a summary of the inputs as of March 31, 2012 used in valuing the Funds’ assets and liabilities carried at fair value:

	Level 1 - Quoted Prices($)		Level 2 - Other Significant Observable Inputs($)		Level 3 - Significant Unobservable Inputs($)		Total($)
Aggressive Growth Stock Fund
Common Stocks 1		92,507,087		—		—		92,507,087
Short-Term Investment		—		2,808,230		—		2,808,230
Total Investments		92,507,087		2,808,230		—		95,315,317
Emerging Growth Stock Fund †
Common Stocks 1		12,376,044		—		—		12,376,044
Short-Term Investment		—		696,138		—		696,138
Money Market Fund		232,277		—		—		232,277
Total Investments		12,608,321		696,138		—		13,304,459
International Equity Fund
Common Stocks 1		256,599,453		—		—		256,599,453
Preferred Stocks 1		5,641,831		—		—		5,641,831
Short-Term Investment		—		6,131,175		—		6,131,175
Money Market Fund		1,806,849		—		—		1,806,849
Total Investments		264,048,133		6,131,175		—		270,179,308

90

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

	Level 1 - Quoted Prices($)		Level 2 - Other Significant Observable Inputs($)		Level 3 - Significant Unobservable Inputs($)			Total($)
International Equity Index Fund
Common Stocks 1		333,406,615		3,274,176		0	2		336,680,791
Preferred Stocks 1		3,619,059		—		—			3,619,059
Rights-Foreign 1		26,137		—		0	2		26,137
Exchange Traded Funds		501,432		—		—			501,432
Units		75,421		—		—			75,421
Short-Term Investment		—		7,390,760		—			7,390,760
Money Market Fund		406,750		—		—			406,750
Total Investments		338,035,414		10,664,936		0	2		348,700,350
Large Cap Core Growth Stock Fund
Common Stocks 1		72,667,275		—		—			72,667,275
Money Market Fund		843,845		—		—			843,845
Total Investments		73,511,120		—		—			73,511,120
Large Cap Growth Stock Fund
Common Stocks 1		314,955,682		—		—			314,955,682
Short-Term Investment		—		3,476,025		—			3,476,025
Money Market Fund		6,659,854		—		—			6,659,854
Total Investments		321,615,536		3,476,025		—			325,091,561
Large Cap Value Equity Fund
Common Stocks 1		2,149,962,429		—		—			2,149,962,429
Short-Term Investment		—		16,840,375		—			16,840,375
Money Market Fund		81,095,514		—		—			81,095,514
Total Investments		2,231,057,943		16,840,375		—			2,247,898,318
Mid-Cap Value Equity Fund
Common Stocks 1		2,073,571,574		—		—			2,073,571,574
Short-Term Investment		—		97,761,635		—			97,761,635
Money Market Fund		51,637,927		—		—			51,637,927
Total Investments		2,125,209,501		97,761,635		—			2,222,971,136
Select Large Cap Growth Stock Fund
Common Stocks 1		49,957,609		—		—			49,957,609
Money Market Fund		1,384,665		—		—			1,384,665
Total Investments		51,342,274		—		—			51,342,274
Small Cap Growth Stock Fund
Common Stocks 1		283,035,204		—		—			283,035,204
Short-Term Investment		—		39,901,721		—			39,901,721
Money Market Fund		3,066,273		—		—			3,066,273
Total Investments		286,101,477		39,901,721		—			326,003,198
Small Cap Value Equity Fund
Common Stocks 1		1,356,888,955		—		—			1,356,888,955
Money Market Fund		28,332,114		—		—			28,332,114
Total Investments		1,385,221,069		—		—			1,385,221,069
Aggressive Growth Allocation Strategy
Equity Funds		18,998,048		—		—			18,998,048
Exchange Traded Funds		4,709,247		—		—			4,709,247
Money Market Fund		1,237,944		—		—			1,237,944
Total Investments		24,945,239		—		—			24,945,239

91

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

	Level 1 - Quoted Prices($)		Level 2 - Other Significant Observable Inputs($)		Level 3 - Significant Unobservable Inputs($)		Total($)
Conservative Allocation Strategy
Equity Funds		16,318,748		—		—		16,318,748
Fixed Income Funds		35,661,614		—		—		35,661,614
Exchange Traded Funds		5,128,100		—		—		5,128,100
Money Market Fund		1,385,438		—		—		1,385,438
Total Investments		58,493,900		—		—		58,493,900
Growth Allocation Strategy
Equity Funds		42,552,398		—		—		42,552,398
Fixed Income Funds		15,798,090		—		—		15,798,090
Exchange Traded Funds		11,316,118		—		—		11,316,118
Money Market Fund		1,370,780		—		—		1,370,780
Total Investments		71,037,386		—		—		71,037,386
Moderate Allocation Strategy
Equity Funds		73,848,464		—		—		73,848,464
Fixed Income Funds		70,512,319		—		—		70,512,319
Exchange Traded Funds		20,536,677		—		—		20,536,677
Money Market Fund		3,399,546		—		—		3,399,546
Total Investments		168,297,006		—		—		168,297,006

† Effective close of business on April 27, 2012, the Fund merged into Aggressive Growth Stock Fund (See Note 9).

1 Please see the Schedules of Portfolio Investments for Sector or Country Classifications.

2 As of March 31, 2012, the securities designated as Level 3 were fair valued using significant unobservable inputs under procedures adopted by the Board. Such valuations were based on a review of inputs such as, but not limited to, similar securities, company specific financial information, and company specific news. For each of these securities there were no changes in the valuation techniques used since the March 31, 2011 annual report. The Level 3 securities comprised 0.0% of net assets of the Fund. As such, the Level 3 roll forward and change in unrealized appreciation (depreciation) of Level 3 securities held at year end have not been presented.

The Funds’ policy is to disclose significant transfers between Levels based on valuations at the end of the reporting period. Each portfolio may hold securities which are periodically fair valued in accordance with the Funds’ Pricing and Valuation Procedures. This may result in movements between Level 1 and Level 2 throughout the period. There were no significant transfers between Levels 1 or 2 as of March 31, 2012, based on the valuation input levels assigned to securities on March 31, 2011 for the Funds.

(b) Security Transactions and Investment Income — Security transactions are accounted for on a trade date basis for financial reporting purposes. Interest income, adjusted for amortization of premium and accretion of discount, is recorded on the accrual basis. Dividend income is recorded on the ex-dividend date. Foreign dividend income is recorded on the ex-dividend date or as soon as practicable after the Funds determine the existence of a dividend declaration after exercising reasonable due diligence. The cost of investments sold is determined by use of the specific identification method. To the extent any issuer defaults or a credit event occurs that impacts the issuer, the Funds may halt any additional interest income accruals and consider the ability to realize interest accrued up to the date of default or credit event.

(c) Distributions to Shareholders — Distributions from net investment income for each of the Funds are declared quarterly to shareholders of record, and are paid quarterly, except for the International Equity Fund and the International Equity Index Fund, which are declared and paid annually. Distributions of net realized gains, if any, are declared at least annually. Distributions to shareholders of each of the Funds are recorded on the ex-dividend date and are determined in accordance with income tax regulations, which may differ from GAAP.

(d) Expenses and Share Class Accounting — Expenses that are directly related to a specific Fund are charged to that Fund. Other operating expenses of the Trust are pro-rated to the Funds on the basis of relative net assets or another appropriate basis. Investment income, common expenses and realized/unrealized gains (losses) on investments are allocated to the various classes of the Funds on the basis of daily net assets of each share class. Fees relating to a specific class are charged directly to that share class.

92

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

(e) Foreign Currency Translation — Investment securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts based upon prevailing exchange rates, as of the close of regular trading on the New York Stock Exchange (“NYSE”) ( usually 4:00 p.m. Eastern Time), on the date of valuation. Purchases and sales of investment securities and income and expense items denominated in foreign currencies are translated into U.S. dollar amounts based upon prevailing exchange rates on the respective dates of such transactions.

The Funds do not isolate that portion of the results of operations resulting from fluctuations in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized and unrealized gain or loss on investments and foreign currencies.

Net realized foreign exchange gains or losses arise from sales of foreign currencies, including gains and losses on forward foreign currency contracts, currency gains or losses realized between the trade and settlement dates on securities transactions, and the difference between the amounts of dividends, interest and foreign withholding taxes recorded and amount actually received.

(f) Derivative Instruments — Certain of the Funds may enter into derivative contracts for the purposes of pursuing their investment objectives, to use as a substitute for a purchase or sale of a position in the underlying assets and/or as part of a strategy designed to reduce exposure to other risks. The Funds did not hold any derivative instruments during the year ended March 31, 2012, therefore no additional disclosures are required.

(g) Forward Foreign Currency Contracts — Certain of the Funds may enter into forward foreign currency contracts to offset foreign currency exchange rate risk on non-U.S. dollar denominated securities or to facilitate settlement of a foreign currency denominated portfolio transaction. A forward foreign currency contract is an agreement between two parties to buy and sell a currency at a set price with delivery and settlement at a future date. The contract is marked-to-market daily and the change in value is recorded by the Fund as an unrealized gain or loss. When a forward foreign currency contract is closed, through either delivery or offset by entering into another forward foreign currency contract, the Fund recognizes a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value of the contract at the time it is closed.

Forward foreign currency contracts involve elements of market risk in excess of the amounts reflected on the Statement of Assets and Liabilities. The Funds bear the risk of an unfavorable change in the foreign exchange rate underlying the forward foreign currency contract. Risks may also arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of their contracts. The Funds did not hold any forward foreign currency contracts during the year ended March 31, 2012.

(h) Securities Lending — Each Fund may lend portfolio securities to brokers, dealers and other financial organizations that meet capital and other credit requirements or other criteria established by the Board. These loans may not exceed either (i) 50% of the sum of the market value of all securities of a Fund and the market value of securities purchased with cash collateral or (ii) 33.33% of the total market value of all securities of a 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 (“SEC”). Loans of portfolio securities are required to be fully collateralized by cash, letters of credit or U.S. government securities. The initial value of the collateral must be at least 102% of the market value of the securities loaned, if the securities loaned are U.S. securities (105% for non-U.S. securities); and maintained in an amount equal to at least 100% (103% for non-U.S. securities) thereafter. However, due to market fluctuations during the day, the value of securities loaned on a particular day may exceed the value of collateral. On each business day, the amount of collateral is adjusted based on the prior day’s market fluctuations and the current day’s lending activity. Income from lending activity is determined by the amount of interest earned on collateral, less any amounts payable to the borrowers of the securities and the lending agent. Lending securities involves certain risks, including the risk that a 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.

The cash collateral received is aggregated in a joint account by the Funds, providing RidgeWorth Investments a pool of cash to invest in short-term investments that have a remaining maturity of 397 days or less. The Funds are joint participants with other series of the Trust that are not presented in this report. At March 31, 2012, the cash

93

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

collateral received by the Funds was pooled and invested in the following securities. Each of the Funds participating in securities lending at March 31, 2012, owned a pro-rata portion of the assets and liabilities listed below:

	Shares		Value
JPMorgan U.S. Government Money Market Fund, Capital Shares, 0.01%		100,017,885	$	100,017,885
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 0.00%		303,100,773		303,100,773
Total Investments (Cost $403,118,658)				403,118,658
Amount due to Lending Agent				(64,242	)
Net Investment Value				403,054,416

The following Funds paid securities lending fees to the lending agent during the year ended March 31, 2012, which have been netted against Income from Securities Lending on the Statements of Operations. These fees are presented below:

Fund	Fee
Aggressive Growth Stock Fund	$	2,283
Emerging Growth Stock Fund†		8,091
International Equity Fund		58,513
International Equity Index Fund		138,417
Large Cap Core Growth Stock Fund		6
Large Cap Growth Stock Fund		2,134
Large Cap Value Equity Fund		599
Mid-Cap Value Equity Fund		362,366
Select Large Cap Growth Stock Fund		3
Small Cap Growth Stock Fund		153,667

† Effective close of business on April 27, 2012, the Fund merged into Aggressive Growth Stock Fund (See Note 9).

(i) Repurchase Agreements — The Funds may purchase instruments from financial institutions, such as banks and broker-dealers, subject to the seller’s agreement to repurchase them at an agreed upon date and price (“repurchase agreement”). A third party custodian bank takes possession of the underlying securities (“collateral”) of a repurchase agreement, the value of which exceeds the principal amount of the repurchase transaction, including accrued interest. In the event of default on the obligation to repurchase, each Fund has the right to liquidate the collateral and apply the proceeds in satisfaction of the obligation. In the event of default or bankruptcy by the counterparty to the repurchase agreement, realization and/or retention of the collateral or proceeds may be subject to legal proceedings.

(j) Real Estate Investment Trusts — Certain of the Funds may own shares of real estate investment trusts (“REITs”) which report information on the source of their distributions annually. The Funds re-characterize distributions received from REIT investments based on information provided by the REITs into the following categories: ordinary income, long-term capital gains, and return of capital. If information is not available on a timely basis from the REITs, the re-characterization will be estimated based on available information which may include the previous year’s allocation. If new or additional information becomes available from the REITs at a later date, a re-characterization will be made in the following year. The Funds record as dividend income the amount re-characterized as ordinary income and as realized gain the amount re-characterized as long-term capital gain in the Statements of Operations, and the amount re-characterized as a return of capital as a reduction to the cost of investments in the Statements of Assets and Liabilities and in the Schedules of Portfolio Investments. These re-characterizations are reflected in the accompanying financial statements.

(k) Restricted Securities — Certain of the Funds’ investments are restricted as to resale. As of March 31, 2012, all of these restricted securities have been deemed liquid by the Funds’ investment adviser based upon procedures approved by the Board, unless stated otherwise in the Funds’ Schedules of Portfolio Investments.

(l) Risks — Certain of the Funds may invest in securities of foreign issuers in various countries. Investments in securities of foreign issuers carry certain risks not ordinarily associated with investments in securities of U.S. issuers. These risks include future political and economic developments, and the possible imposition of exchange

94

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

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 a Fund’s investments in emerging market countries, which may be magnified by currency fluctuations relative to the U.S. dollar. Please refer to each Fund’s prospectus for additional risks that may be associated with the Funds.

(m) Federal and Other Taxes — It is the Funds’ policy to comply with the federal income and excise tax requirements of the Internal Revenue Code of 1986 (the “Code”), as amended, applicable to regulated investment companies. Accordingly, the Funds intend to distribute taxable income and net realized gains, if any, to shareholders in accordance with timing requirements imposed by the Code. Therefore, no federal or state income tax provision is required in the Funds’ financial statements.

Management has analyzed the Funds’ tax positions taken on income tax returns for all open tax years and has concluded that as of March 31, 2012, no provision for income tax is required in the Funds’ financial statements. The Funds’ federal and state income and federal excise tax returns for tax years for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state departments of revenue. As of March 31, 2012, open tax years include the tax years of March 31, 2009 through 2012.

Under the applicable foreign tax laws, a withholding tax may be imposed on interest, dividends and capital gains at various rates.

(n) Reclassification — GAAP requires that certain components of net assets be reclassified to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or net asset value per share.

3. Investment Adviser and Other Service Providers

Investment Adviser — RidgeWorth Investments (the “Investment Adviser”), a partially-owned subsidiary of SunTrust Banks, Inc. (“SunTrust”), serves as the investment adviser to the Funds. The Trust and the Investment Adviser have entered into an investment advisory agreement (“Advisory Agreement”). The Investment Adviser is a money–management holding company with multiple style-focused investment boutiques (“Subadvisers”). The subadvisers for each of the Funds, other than the Allocation Strategies, which are not subadvised, are as follows: Ceredex Value Advisors LLC serves as the Subadviser for the Large Cap Value Equity Fund, Mid-Cap Value Equity Fund and Small Cap Value Equity Fund. Certium Asset Management LLC serves as the Subadviser for the International Equity Fund and International Equity Index Fund. Effective May 13, 2011, Silvant Capital Management LLC serves as the Subadviser for the Large Cap Core Growth Stock Fund (prior to May 13, 2011, IronOak Advisors LLC served as the Fund’s Subadviser). Silvant Capital Management LLC also serves as the Subadviser to 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. Zevenbergen Capital Investments LLC is a minority-owned subsidiary of the Investment Adviser. Each of the other Subadvisers is a wholly-owned subsidiary of the Investment Adviser. The Investment Adviser pays the Subadvisers out of the fees it receives from the Funds.

Under the terms of the Advisory Agreement, the Funds are charged annual advisory fees, which are computed daily and paid monthly based on each Fund’s average daily net assets. Breakpoints are used in computing the overall annual advisory fees. The maximum annual advisory fee is charged on average daily net assets of each Fund up to

95

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

$500 million. A discount of 5% applies on the next $500 million, and a discount of 10% applies on amounts over $1 billion. Fee rates for the year ended March 31, 2012 were as follows:

Fund	Maximum Annual Advisory Fee*			Discounted Annual Advisory Fee*			Advisory Fees Waived/ Expenses Reimbursed			Net Annual Fees Paid*
Aggressive Growth Stock Fund		1.10	%		1.10	%		—	%		1.10	%
Emerging Growth Stock Fund†		1.10			1.10			(0.22	)		0.88
International Equity Fund		1.15			1.15			—			1.15
International Equity Index Fund		0.50			0.50			—			0.50
Large Cap Core Growth Stock Fund		0.85			0.85			—			0.85
Large Cap Growth Stock Fund		0.97			0.97			—			0.97
Large Cap Value Equity Fund		0.80			0.75			—			0.75
Mid-Cap Value Equity Fund		1.00			0.94			—			0.94
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			1.11			—			1.11
Aggressive Growth Allocation Strategy		0.10			0.10			(0.25	)		—
Conservative Allocation Strategy		0.10			0.10			(0.20	)		—
Growth Allocation Strategy		0.10			0.10			(0.06	)		0.04
Moderate Allocation Strategy		0.10			0.10			(0.02	)		0.08

* Aggregate annual fees paid to the Investment Adviser, who, in turn, pays the applicable Subadviser a portion of the fees for subadvisory services to the Funds.

† Effective close of business on April 27, 2012, the Fund merged into Aggressive Growth Stock Fund (See Note 9).

Amounts designated as “—” are 0% .

The Investment Adviser and the applicable Subadviser have contractually agreed, until at least August 1, 2012, to waive fees and/or reimburse expenses for each of the following Funds to the extent necessary to maintain each Fund’s Total Annual Fund Operating Expenses (excluding, as applicable, 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:

Fund		Contractual Expense Limitation
Emerging Growth Stock Fund†	I Shares		1.24	%
Emerging Growth Stock Fund†	A Shares		1.54
Aggressive Growth Allocation Strategy	I Shares		0.20
Aggressive Growth Allocation Strategy	A Shares		0.50
Aggressive Growth Allocation Strategy	C Shares		1.20
Conservative Allocation Strategy	I Shares		0.20
Conservative Allocation Strategy	A Shares		0.50
Conservative Allocation Strategy	C Shares		1.20
Growth Allocation Strategy	I Shares		0.20
Growth Allocation Strategy	A Shares		0.50
Growth Allocation Strategy	C Shares		1.20
Moderate Allocation Strategy	I Shares		0.20
Moderate Allocation Strategy	A Shares		0.50
Moderate Allocation Strategy	C Shares		1.20

† Effective close of business on April 27, 2012, the Fund merged into Aggressive Growth Stock Fund (See Note 9).

Under the Expense Limitation Agreement, the Investment Adviser may retain the difference between the contractual expense limitation identified above and the actual total expenses to recapture any of its prior contractual waivers or reimbursements at a date not to exceed three years from the date of such waivers or reimbursements. Such repayments shall be made monthly, but only to the extent that such repayments would not

96

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

cause the annualized total expense ratio to exceed the contractual expense limitation in place at that time. During the year ended March 31, 2012, the Investment Adviser did not recapture any of its prior contractual waivers or reimbursements. The Investment Adviser does not intend to recapture such amounts. As of March 31, 2012, the cumulative potential recoupments recoverable pursuant to this agreement are as follows:

	Expires
Fund	2013		2014		2015
Emerging Growth Stock Fund†	$	—	$	19,328	$	47,515
Aggressive Growth Allocation Strategy		28,500		88,530		63,460
Conservative Allocation Strategy		39,210		93,778		75,713
Growth Allocation Strategy		21,194		73,522		42,458
Moderate Allocation Strategy		2,865		43,102		34,791

† Effective close of business on April 27, 2012, the Fund merged into Aggressive Growth Stock Fund (See Note 9).

Amounts designated as “—” are $0.

Fund Accounting, Custody, Administration, and Transfer Agency — State Street Bank and Trust Company (“State Street Bank”) serves as the fund accounting agent and custodian for the Trust pursuant to a Master Custodian Agreement. The custodian is responsible for the safekeeping of the assets of the Funds and the fund accounting agent is responsible for calculating the Funds’ net asset values. State Street Bank is paid on the basis of net assets and transaction costs of the Funds. State Street Bank also serves as the Administrator for the Trust pursuant to an Administration Agreement. State Street Bank is paid on the basis of net assets of the RidgeWorth investment company complex which are allocated among the series of the Trust, on the basis of relative net assets.

Brown Brothers Harrison & Co. (“Brown Brothers”) serves as custodian for a Korean security held in the International Equity Fund. Brown Brothers is responsible for the safekeeping of the asset of the Fund.

Boston Financial Data Services, Inc. serves as the transfer agent to the Trust pursuant to a Transfer Agency and Service Agreement.

Custodian Credits — The Funds have an agreement with their custodian under which custody fees may be reduced by balance credits. These credits, if any, are shown as a reduction of total expenses on the Statements of Operations.

Distribution — The Trust and RidgeWorth Distributors LLC (the “Distributor”) are parties to a Distribution Agreement.

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 computed daily and paid monthly. For the year ended March 31, 2012, the Distributor did not retain any of the front-end sales charges assessed on the sale of Class A shares. For the year ended March 31, 2012, the Distributor did not retain any commissions from contingent deferred sales charges assessed on redemptions of Class C shares. These fees, expressed as a percentage of average daily net assets, for the year ended March 31, 2012, were as follows:

Fund	A Share Distribution and Service Fee			C Share Distribution and Service Fee
Aggressive Growth Stock Fund		0.30	%		N/A	%
Emerging Growth Stock Fund†		0.30			N/A
International Equity Fund		0.30			N/A
International Equity Index Fund		0.30			N/A
Large Cap Core Growth Stock Fund		0.25			1.00
Large Cap Growth Stock Fund		0.30			1.00
Large Cap Value Equity Fund		0.30			1.00
Mid-Cap Value Equity Fund		0.30			1.00
Select Large Cap Growth Stock Fund		0.30			1.00
Small Cap Growth Stock Fund		0.30			1.00
Small Cap Value Equity Fund		0.30			1.00

97

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

Fund	A Share Distribution and Service Fee			C Share Distribution and Service Fee
Aggressive Growth Allocation Strategy		0.30	%		1.00	%
Conservative Allocation Strategy		0.30			1.00
Growth Allocation Strategy		0.30			1.00
Moderate Allocation Strategy		0.30			1.00

† Effective close of business on April 27, 2012, the Fund merged into Aggressive Growth Stock Fund (See Note 9).

Shareholder Servicing Plan — The International Equity Index Fund has adopted a Shareholder Servicing Plan for the I Shares and A Shares. The Fund pays financial institutions for shareholder support services they provide, at a rate of up to 0.15% of the average daily net assets of the Fund’s I Shares or A Shares, as applicable. The services under this Shareholder Servicing Plan may include, among others, providing general shareholder liaison services (including responding to shareholder inquiries), providing information on shareholder investments, and establishing and maintaining shareholder accounts and records.

Other Fees — The Investment Adviser provides compliance and certain administrative services to the Trust to ensure compliance with applicable laws and regulations. For the year ended March 31, 2012, the Investment Adviser was paid $1,329,705 for these services. Foreside Compliance Services, LLC (“FCS”), an affiliate of the Distributor, provides CCO Support Services and an Anti-Money Laundering Officer/ Identity Theft Prevention Officer (“AML Officer”) to the Trust. Foreside Management Services, LLC (“FMS”), an affiliate of the Distributor, provides a Principal Financial Officer (“PFO”) and Treasurer to the Trust under the PFO/Treasurer Service Agreement. Fees paid to FCS and FMS pursuant to these agreements are reflected on the Statements of Operations as a component of the caption “Other Fees”.

Neither FCS nor FMS, nor any of their officers or employees who serve as an officer of the Trust, has any role in determining the Funds’ investment policies or which securities are to be purchased or sold by the Trust or its Funds. Certain officers or employees of FCS and FMS are also officers of the Trust.

Certain officers of the Trust are also officers or employees of the Investment Adviser, FCS, FMS and/or the Administrator. Such officers receive no fees from the Trust for serving as officers of the Trust. Each of the Trustees receives an annual retainer and an additional fee for each meeting attended, plus reimbursement for certain expenses incurred. Trustees receive an additional fee for attendance at committee meetings. Information on the aggregate remuneration paid to the Trustees can be found on the Statements of Operations.

4. Investment Transactions

The cost of security purchases and the proceeds from sales and maturities of securities, excluding securities maturing less than one year from acquisition and U.S. government securities, for the year ended March 31, 2012 were as follows:

Fund	Purchases		Sales and Maturities
Aggressive Growth Stock Fund	$	32,576,075	$	68,572,564
Emerging Growth Stock Fund†		23,123,007		28,953,984
International Equity Fund		206,156,788		185,112,213
International Equity Index Fund		126,428,235		207,821,529
Large Cap Core Growth Stock Fund		115,761,945		435,965,203
Large Cap Growth Stock Fund		74,833,832		258,772,603
Large Cap Value Equity Fund		2,489,812,098		1,861,361,315
Mid-Cap Value Equity Fund		3,797,684,679		3,562,778,831
Select Large Cap Growth Stock Fund		43,397,076		92,746,214
Small Cap Growth Stock Fund		256,044,014		392,026,414
Small Cap Value Equity Fund		795,773,628		520,415,360
Aggressive Growth Allocation Strategy		13,774,707		17,208,389
Conservative Allocation Strategy		39,109,212		10,710,803
Growth Allocation Strategy		33,663,648		32,133,318
Moderate Allocation Strategy		70,842,999		56,885,228

† Effective close of business on April 27, 2012, the Fund merged into Aggressive Growth Stock Fund (See Note 9).

98

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

5. Federal Income Tax Information

The following information is presented on an income tax basis and takes into consideration differences between amounts for financial statement and income tax purposes. 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 U.S. federal tax-basis treatment; temporary differences do not require reclassification.

The cost of investments for federal income tax purposes and aggregate gross unrealized appreciation and depreciation for securities held by the Funds at March 31, 2012 were as follows:

Fund	Tax Cost		Aggregate Gross Unrealized Appreciation		Aggregate Gross Unrealized (Depreciation)			Net Unrealized Appreciation (Depreciation)
Aggressive Growth Stock Fund	$	60,454,460	$	39,374,386	$	(4,513,529	)	$	34,860,857
Emerging Growth Stock Fund†		10,241,698		3,943,131		(880,370	)		3,062,761
International Equity Fund		253,056,885		21,290,861		(4,168,438	)		17,122,423
International Equity Index Fund		261,152,958		104,221,017		(16,673,625	)		87,547,392
Large Cap Core Growth Stock Fund		56,428,772		17,649,747		(567,399	)		17,082,348
Large Cap Growth Stock Fund		184,802,719		141,588,025		(1,299,183	)		140,288,842
Large Cap Value Equity Fund		1,959,969,937		307,336,148		(19,407,767	)		287,928,381
Mid-Cap Value Equity Fund		2,095,829,056		170,556,003		(43,413,923	)		127,142,080
Select Large Cap Growth Stock Fund		37,335,244		14,392,780		(385,750	)		14,007,030
Small Cap Growth Stock Fund		264,657,831		69,006,961		(7,661,594	)		61,345,367
Small Cap Value Equity Fund		1,257,625,711		170,397,829		(42,802,471	)		127,595,358
Aggressive Growth Allocation Strategy		21,320,152		3,674,873		(49,786	)		3,625,087
Conservative Allocation Strategy		56,079,648		2,731,895		(317,643	)		2,414,252
Growth Allocation Strategy		62,003,107		9,359,164		(324,885	)		9,034,279
Moderate Allocation Strategy		152,110,533		17,261,663		(1,075,190	)		16,186,473

† Effective close of business on April 27, 2012, the Fund merged into Aggressive Growth Stock Fund (See Note 9).

The tax character of distributions paid to shareholders during the year ended March 31, 2012 were as follows:

	Distributions paid from
Fund	Net Investment Income**		Net Long Term Capital Gains		Return of Capital		Total Distributions Paid*
International Equity Fund	$	5,156,759	$	—	$	—	$	5,156,759
International Equity Index Fund		14,995,618		—		—		14,995,618
Large Cap Core Growth Stock Fund		328,168		—		—		328,168
Large Cap Value Equity Fund		28,731,199		—		—		28,731,199
Mid-Cap Value Equity Fund		176,422,446		25,657,958		—		202,080,404
Select Large Cap Growth Stock Fund		—		1,537,424		—		1,537,424
Small Cap Value Equity Fund		23,492,580		46,011,223		—		69,503,803
Aggressive Growth Allocation Strategy		406,361		—		—		406,361
Conservative Allocation Strategy		1,030,834		342,249		—		1,373,083
Growth Allocation Strategy		1,385,270		—		—		1,385,270
Moderate Allocation Strategy		3,953,227		242,796		—		4,196,023

* Total distributions paid are recognized on a when declared basis for the year ended March 31, 2012.

** Net investment income includes taxable market discount income and net short-term capital gains, if any.

Amounts designated as “—” are $0.

99

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

The tax character of distributions paid to shareholders during the year ended March 31, 2011 were as follows:

	Distributions paid from
Fund	Net Investment Income**		Net Long Term Capital Gains		Return of Capital		Total Distributions Paid*
International Equity Fund	$	6,700,375	$	—	$	—	$	6,700,375
International Equity Index Fund		16,560,813		—		—		16,560,813
Large Cap Core Growth Stock Fund		4,954,668		—		—		4,954,668
Large Cap Growth Stock Fund		153,955		—		—		153,955
Large Cap Value Equity Fund		18,247,080		—		—		18,247,080
Mid-Cap Value Equity Fund		90,479,641		11,079,181		—		101,558,822
Small Cap Value Equity Fund		6,547,218		105,291		—		6,652,509
Aggressive Growth Allocation Strategy		314,752		—		—		314,752
Conservative Allocation Strategy		745,323		39,857		—		785,180
Growth Allocation Strategy		1,534,951		—		—		1,534,951
Moderate Allocation Strategy		4,943,133		—		—		4,943,133

* Total distributions paid are recognized on a when declared basis for the year ended March 31, 2011.

** Net investment income includes taxable market discount income and net short-term capital gains, if any.

Amounts designated as “—” are $0.

As of March 31, 2012, the components of distributable earnings (accumulated losses) on a federal income tax basis were as follows:

Fund	Undistributed Ordinary Income		Undistributed Long Term Capital Gains		Net Unrealized Appreciation**		Loss Carryforwards And Deferrals			Total
Aggressive Growth Stock Fund	$	—	$	—	$	34,860,857	$	(21,725,725	)	$	13,135,132
Emerging Growth Stock Fund†		—		—		3,062,763		(22,739,518	)		(19,676,755	)
International Equity Fund		1,010,397		—		17,147,683		(291,586,587	)		(273,428,507	)
International Equity Index Fund		2,787,892		6,033,951		87,544,295		—			96,366,138
Large Cap Core Growth Stock Fund		4,015		—		17,082,348		(150,181,721	)		(133,095,358	)
Large Cap Growth Stock Fund		—		46,521,148		140,288,841		(244,913	)		186,565,076
Large Cap Value Equity Fund		1,136,349		—		287,928,381		(71,161,454	)		217,903,276
Mid-Cap Value Equity Fund		895,444		—		127,141,519		(57,182,880	)		70,854,083
Select Large Cap Growth Stock Fund		—		4,336,763		14,007,030		(64,435	)		18,279,358
Small Cap Growth Stock Fund		—		10,060,698		61,345,367		(473,588	)		70,932,477
Small Cap Value Equity Fund		1,213,442		40,189,459		127,595,534		—			168,998,435
Aggressive Growth Allocation Strategy		16,945		—		3,625,086		(451,371	)		3,190,660
Conservative Allocation Strategy		203,476		501,759		2,414,251		—			3,119,486
Growth Allocation Strategy		49,034		—		9,034,279		(693,490	)		8,389,823
Moderate Allocation Strategy		19,565		1,710,789		16,186,473		—			17,916,827

** The differences between book-basis and tax-basis unrealized appreciation is attributable primarily to: tax deferral of losses on wash sales, the realization for tax purposes of unrealized gains/losses on investments in passive foreign investment companies, return of capital adjustments, forward contracts marked to market and partnership basis adjustments.

† Effective close of business on April 27, 2012, the Fund merged into Aggressive Growth Stock Fund (See Note 9).

The Funds utilize the provisions of the federal income tax laws that provide for the carryforward of capital losses from prior years, offsetting such losses against any future realized capital gains. Under the Regulated Investment Company Modernization Act of 2010 (the “Act”), net capital losses recognized in taxable years beginning after December 22, 2010 (“post-enactment”), may be carried forward indefinitely, and their character is retained as short-term and/or long-term losses. Previously, net capital losses were carried forward for eight years and treated as short-term losses (“pre-enactment”). The Act requires that post-enactment net capital losses be used before pre-enactment net capital losses.

100

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

As of March 31, 2012, the post-enactment accumulated short-term and long-term capital loss carryforwards were as follows:

Fund	Short Term		Long Term		Total
Emerging Growth Stock Fund†	$	1,073,860	$	—	$	1,073,860
Mid-Cap Value Equity Fund		53,557,669		3,281,292		56,838,961

† Effective close of business on April 27, 2012, the Fund merged into Aggressive Growth Stock Fund (See Note 9).

As of March 31, 2012, the pre-enactment accumulated capital loss carryforwards and expiration dates were as follows:

	Expires
Fund	2017		2018		Total
Aggressive Growth Stock Fund	$	—	$	20,249,149	$	20,249,149
Emerging Growth Stock Fund†		—		20,295,452		20,295,452
International Equity Fund		57,407,718		231,346,365		288,754,083
Large Cap Core Growth Stock Fund*		12,702,154		135,336,618		148,038,772
Large Cap Value Equity Fund		—		71,161,454		71,161,454
Mid-Cap Value Equity Fund**		343,919		—		343,919
Aggressive Growth Allocation Strategy		—		365,462		365,462
Growth Allocation Strategy		—		579,855		579,855

Amounts designated as “—” are $0.

† Effective close of business on April 27, 2012, the Fund merged into Aggressive Growth Stock Fund (See Note 9).

* Of the $30,078,633 of capital loss carryforwards acquired on July 15, 2011, in the merger with the RidgeWorth Large Cap Quantitative Equity Fund and subject to limitations as a result of this acquisition, $26,324,479 was written off as capital loss carryforward lost unused, $468,144 was utilized, and the remaining $3,286,010, will expire in 2017.

** Mid-Cap Value Equity Fund acquired the capital loss carryforwards of $343,919 in the merger with Mid-Cap Core Equity Fund on April 29, 2011.

During the year ended March 31, 2012, the following Funds utilized capital loss carryforwards as follows:

Fund	Amount
Aggressive Growth Stock Fund	$	13,943,303
International Equity Fund		7,034,481
International Equity Index Fund		26,422,869
Large Cap Core Growth Stock Fund		34,725,659
Large Cap Growth Stock Fund		16,801,578
Large Cap Value Equity Fund		1,673,533
Select Large Cap Growth Stock Fund		10,129,974
Small Cap Growth Stock Fund		42,720,623
Aggressive Growth Allocation Strategy		652,191
Growth Allocation Strategy		2,304,239
Moderate Allocation Strategy		2,712,702

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. During the year ended March 31, 2012, the following Funds had net capital losses:

Fund	Amount
Aggressive Growth Stock Fund	$	1,249,763
Emerging Growth Stock Fund†		1,349,159
International Equity Fund		2,832,504
Large Cap Core Growth Stock Fund		2,142,949
Aggressive Growth Allocation Strategy		85,909
Growth Allocation Strategy		113,635

† Effective close of business on April 27, 2012, the Fund merged into Aggressive Growth Stock Fund (See Note 9).

101

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

Pursuant to federal income tax rules applicable to regulated investment companies, the Funds may elect to treat certain capital losses between November 1 and March 31 and late year ordinary losses ((i) ordinary losses between January 1 and March 31, and (ii) specified ordinary and currency losses between November 1 and March 31) as occurring on the first day of the following tax year. For the year ended March 31, 2012, any amount of losses elected within the tax return will not be recognized for federal income tax purposes until April 1, 2012.

6. Investments in Affiliated Issuers

Affiliated holdings are mutual funds which are managed by the Investment Adviser or an affiliate of the Investment Adviser or which are distributed by an affiliate of the Funds’ Distributor. With respect to each Fund, the Investment Adviser was paid an investment advisory fee by the affiliated investments listed beneath its name below. Investments in affiliated issuers at March 31, 2012 were as follows:

Name of Affiliated Issuer	Share Balance at March 31, 2011		Purchases		Sales		Share Balance at March 31, 2012		Value at March 31, 2012		Dividend Income		Realized Gain Distributions		Net Realized Gain (Loss)
Aggressive Growth Allocation Strategy
RidgeWorth Aggressive Growth Stock Fund		70,255		2,025		13,296		58,984	$	940,206	$	—	$	—	$	49,252
RidgeWorth International Equity 130/30 Fund**		189,610		—		189,610		—		—		—		—		158,093
RidgeWorth International Equity Fund		36,479		120,623		22,350		134,752		1,447,240		23,702		—		(35,756	)
RidgeWorth International Equity Index Fund		34,688		59,392		51,492		42,588		497,428		39,706		—		(127,730	)
RidgeWorth Large Cap Core Growth Stock Fund***		144,517		219,851		344,731		19,637		290,634		2,605		—		213,013
RidgeWorth Large Cap Growth Stock Fund		198,203		167,691		53,889		312,005		4,040,471		—		—		12,019
RidgeWorth Large Cap Quantitative Equity Fund***		165,893		698		166,591		—		—		8,562		—		—
RidgeWorth Large Cap Value Equity Fund		340,393		106,853		81,571		365,675		5,035,339		70,657		—		27,809
RidgeWorth Mid-Cap Core Equity Fund*		94,710		—		94,710		—		—		—		—		—
RidgeWorth Mid-Cap Value Equity Fund*		97,693		134,436		45,610		186,519		2,064,763		32,743		193,660		(30,987	)
RidgeWorth Real Estate 130/30 Fund**		124,829		—		124,829		—		—		—		—		217,255
RidgeWorth Select Large Cap Growth Stock Fund		69,934		15,970		13,670		72,234		2,448,003		—		67,993		(6,613	)
RidgeWorth Small Cap Growth Stock Fund		78,139		2,450		15,251		65,338		1,124,465		—		—		7,692
RidgeWorth Small Cap Value Equity Fund		88,216		8,722		16,540		80,398		1,109,499		10,436		60,513		(12,349	)
RidgeWorth U.S. Equity 130/30 Fund**		143,688		—		143,688		—		—		—		—		320,608
Total									$	18,998,048	$	188,411	$	322,166	$	792,306
Conservative Allocation Strategy
RidgeWorth Aggressive Growth Stock Fund		19,748		14,754		—		34,502	$	549,957	$	—	$	—	$	—
RidgeWorth Corporate Bond Fund		138,572		262,374		1,894		399,052		3,731,140		89,888		158,498		(1,152	)
RidgeWorth High Income Fund		184,635		130,464		2,189		312,910		2,155,949		111,362		14,635		(1,497	)
RidgeWorth Intermediate Bond Fund		764,136		561,702		42,321		1,283,517		13,412,749		198,474		326,547		(7,436	)

102

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

Name of Affiliated Issuer	Share Balance at March 31, 2011		Purchases		Sales		Share Balance at March 31, 2012		Value at March 31, 2012		Dividend Income		Realized Gain Distributions		Net Realized Gain (Loss)
RidgeWorth International Equity 130/30 Fund**		53,247		—		53,247		—	$	—	$	—	$	—	$	34,806
RidgeWorth International Equity Fund		10,351		109,213		—		119,564		1,284,117		12,361		—		—
RidgeWorth International Equity Index Fund		9,842		51,391		26,930		34,303		400,654		20,480		—		(51,041	)
RidgeWorth Large Cap Core Growth Stock Fund***		52,812		174,119		212,845		14,086		208,479		2,017		—		311,411
RidgeWorth Large Cap Growth Stock Fund		86,200		264,709		10,093		340,816		4,413,569		—		—		(3,863	)
RidgeWorth Large Cap Quantitative Equity Fund***		46,562		1,295		47,857		—		—		2,460		—		—
RidgeWorth Large Cap Value Equity Fund		135,178		190,289		21,568		303,899		4,184,694		39,997		—		(10,212	)
RidgeWorth Mid-Cap Core Equity Fund*		26,638		—		26,638		—		—		—		—		—
RidgeWorth Mid-Cap Value Equity Fund*		27,271		144,148		—		171,419		1,897,607		17,724		109,586		—
RidgeWorth Real Estate 130/30 Fund**		34,552		—		34,552		—		—		—		—		41,439
RidgeWorth Seix Floating Rate High Income Fund		83,840		27,226		15,191		95,875		846,577		37,044		—		(8,708	)
RidgeWorth Seix High Yield Fund		132,877		97,453		1,576		228,754		2,216,630		109,282		—		(1,798	)
RidgeWorth Select Large Cap Growth Stock Fund		30,481		17,248		1,611		46,118		1,562,945		—		28,947		(2,255	)
RidgeWorth Small Cap Growth Stock Fund		22,050		31,050		—		53,100		913,854		—		—		—
RidgeWorth Small Cap Value Equity Fund		24,912		40,514		—		65,426		902,872		4,440		31,473		—
RidgeWorth Total Return Bond Fund		328,671		665,997		5,713		988,955		10,651,040		197,907		163,627		(628	)
RidgeWorth U.S. Equity 130/30 Fund**		40,193		—		40,193		—		—		—		—		71,559
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund		130,053		328,192		197,147		261,098		2,647,529		17,760		—		2,175
Total									$	51,980,362	$	861,196	$	833,313	$	372,800
Growth Allocation Strategy
RidgeWorth Aggressive Growth Stock Fund		130,370		6,783		8,130		129,023	$	2,056,628	$	—	$	—	$	31,592
RidgeWorth Corporate Bond Fund		126,503		20,142		15,171		131,474		1,229,278		48,652		85,142		(6,823	)
RidgeWorth High Income Fund		170,283		21,933		18,746		173,470		1,195,210		87,478		11,408		(6,772	)
RidgeWorth Intermediate Bond Fund		515,477		269,112		133,166		651,423		6,807,373		127,969		218,434		(26,281	)
RidgeWorth International Equity 130/30 Fund**		351,522		—		351,522		—		—		—		—		292,763
RidgeWorth International Equity Fund		67,899		260,713		26,032		302,580		3,249,710		44,373		—		(40,428	)
RidgeWorth International Equity Index Fund		64,437		133,351		99,070		98,718		1,153,032		74,274		—		(268,789	)
RidgeWorth Large Cap Core Growth Stock Fund***		335,081		416,143		714,695		36,529		540,626		4,894		—		909,895

103

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

Name of Affiliated Issuer	Share Balance at March 31, 2011		Purchases		Sales		Share Balance at March 31, 2012		Value at March 31, 2012		Dividend Income		Realized Gain Distributions		Net Realized Gain (Loss)
RidgeWorth Large Cap Growth Stock Fund		367,834		411,379		39,567		739,646	$	9,578,421	$	—	$	—	$	29,101
RidgeWorth Large Cap Quantitative Equity Fund***		307,946		1,296		309,242		—		—		15,893		—		—
RidgeWorth Large Cap Value Equity Fund		631,768		286,162		61,169		856,761		11,797,596		143,226		—		21,348
RidgeWorth Mid-Cap Core Equity Fund*		175,772		—		175,772		—		—		—		—		—
RidgeWorth Mid-Cap Value Equity Fund*		181,026		231,077		32,096		380,007		4,206,682		59,402		337,276		3,853
RidgeWorth Real Estate 130/30 Fund**		230,974		—		230,974		—		—		—		—		424,718
RidgeWorth Seix Floating Rate High Income Fund		89,388		5,781		43,730		51,439		454,203		30,802		—		(26,384	)
RidgeWorth Seix High Yield Fund		122,414		14,115		13,379		123,150		1,193,322		85,076		—		(5,104	)
RidgeWorth Select Large Cap Growth Stock Fund		129,791		35,277		8,394		156,674		5,309,686		—		126,142		6,044
RidgeWorth Small Cap Growth Stock Fund		145,281		7,466		16,407		136,340		2,346,417		—		—		8,428
RidgeWorth Small Cap Value Equity Fund		164,046		20,299		16,693		167,652		2,313,600		19,218		107,856		(9,678	)
RidgeWorth Total Return Bond Fund		531,374		45,583		151,191		425,766		4,585,501		169,794		108,017		119,691
RidgeWorth U.S. Equity 130/30 Fund**		266,686		—		266,686		—		—		—		—		604,060
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund		77,952		51,055		96,147		32,860		333,203		5,341		—		2,826
Total									$	58,350,488	$	916,392	$	994,275	$	2,064,060
Moderate Allocation Strategy
RidgeWorth Aggressive Growth Stock Fund		209,099		29,092		12,920		225,271	$	3,590,818	$	—	$	—	$	23,631
RidgeWorth Corporate Bond Fund		511,173		105,283		43,870		572,586		5,353,677		200,263		355,005		(27,125	)
RidgeWorth High Income Fund		689,293		121,830		29,188		781,935		5,387,531		363,628		47,416		(18,513	)
RidgeWorth Intermediate Bond Fund		2,118,119		856,597		270,993		2,703,723		28,253,901		501,912		827,103		(33,622	)
RidgeWorth International Equity 130/30 Fund**		563,608		—		563,608		—		—		—		—		487,518
RidgeWorth International Equity Fund		109,057		478,764		66,043		521,778		5,603,900		73,874		—		(90,024	)
RidgeWorth International Equity Index Fund		103,515		259,523		189,292		173,746		2,029,349		123,703		—		(477,293	)
RidgeWorth Large Cap Core Growth Stock Fund***		540,702		820,456		1,297,851		63,307		936,939		9,897		—		2,082,952
RidgeWorth Large Cap Growth Stock Fund		589,850		778,221		42,973		1,325,098		17,160,015		—		—		(13,113	)
RidgeWorth Large Cap Quantitative Equity Fund***		493,478		2,077		495,555		—		—		25,468		—		—
RidgeWorth Large Cap Value Equity Fund		1,012,938		594,682		111,471		1,496,149		20,601,967		247,915		—		(23,249	)

104

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

Name of Affiliated Issuer	Share Balance at March 31, 2011		Purchases		Sales		Share Balance at March 31, 2012		Value at March 31, 2012		Dividend Income		Realized Gain Distributions		Net Realized Gain (Loss)
RidgeWorth Mid-Cap Core Equity Fund*		281,997		—		281,997		—	$	—	$	—	$	—	$	—
RidgeWorth Mid-Cap Value Equity Fund*		290,318		401,916		23,985		668,249		7,397,522		97,913		543,905		17,479
RidgeWorth Real Estate 130/30 Fund**		369,921		—		369,921		—		—		—		—		673,678
RidgeWorth Seix Floating Rate High Income Fund		360,957		35,816		137,134		259,639		2,292,611		132,045		—		(78,777	)
RidgeWorth Seix High Yield Fund		495,652		80,349		21,400		554,601		5,374,079		353,413		—		(15,512	)
RidgeWorth Select Large Cap Growth Stock Fund		208,127		57,774		10,321		255,580		8,661,602		—		203,239		(22,788	)
RidgeWorth Small Cap Growth Stock Fund		233,166		15,810		18,833		230,143		3,960,755		—		—		4,681
RidgeWorth Small Cap Value Equity Fund		263,223		36,353		16,562		283,014		3,905,597		31,453		179,749		(17,001	)
RidgeWorth Total Return Bond Fund		2,047,750		274,526		292,560		2,029,716		21,860,041		705,136		453,505		235,987
RidgeWorth U.S. Equity 130/30 Fund**		427,128		—		427,128		—		—		—		—		977,054
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund		339,704		183,337		326,741		196,300		1,990,479		33,223		—		8,172
Total									$	144,360,783	$	2,899,843	$	2,609,922	$	3,694,135

* On April 29, 2011, RidgeWorth Mid-Cap Core Equity Fund reorganized into the RidgeWorth Mid-Cap Value Equity Fund (See Note 7).

** On May 27, 2011, the Fund liquidated.

*** On July 15, 2011, RidgeWorth Large Cap Quantitative Equity Fund reorganized into the RidgeWorth Large Cap Core Growth Stock Fund.

Amounts designated as “—” are $0.

7. Reorganizations

On March 1, 2011, the Board approved the reorganization of the RidgeWorth Mid-Cap Core Equity Fund (the “Target Fund”) into the RidgeWorth Mid-Cap Value Equity Fund (the “Acquiring Fund”), a separate series of the Trust. On April 29, 2011, the Acquiring Fund acquired all of the net assets of the Target Fund in a tax-free exchange of shares. The purpose of the transaction was to combine two portfolios with comparable investment objectives and strategies.

Target Fund	Shares Prior to Reorganization		Shares Issued by the Acquiring Fund		Appreciation (Depreciation) Prior to Reorganization			Net Assets Prior to Reorganization
I Shares		1,460,207		1,410,657	$	9,338,051		$	18,547,460
A Shares		466,642		428,187		926,302			5,590,801
C Shares		365,215		299,574		(431,629	)		3,865,760

The combined net assets of the Acquiring Fund immediately after the reorganization were $2,169,871,392.

105

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

Assuming the acquisition had been completed on April 1, 2011, the beginning of the reporting period of the Acquiring Fund, the Acquiring Fund’s pro forma results of operations for the year ended March 31, 2012, were as follows:

Net Investment Income (Loss)	$	31,292,390
Net Realized and Unrealized Gains/Losses on Investments	$	(95,030,819	)
Net Increase/Decrease in Net Assets resulting from Operations	$	(63,738,429	)

Because the combined investment portfolios have been managed as a single integrated portfolio since the acquisition was completed, it is not practicable to separate the amounts of revenue and earnings of the Target Fund that has been included in the Acquiring Fund’s Statement of Operations as of March 31, 2012.

On May 19, 2011, the Board approved the reorganization of the RidgeWorth Large Cap Quantitative Equity Fund (the “Target Fund”) into the RidgeWorth Large Cap Core Growth Stock Fund (the “Acquiring Fund”), a separate series of the Trust. On July 15, 2011, the Acquiring Fund acquired all of the net assets of the Target Fund in a tax-free exchange of shares, as shown in the table below. The purpose of the transaction was to combine two portfolios with comparable investment objectives and strategies.

Target Fund	Shares Prior to Reorganization		Shares Issued by the Acquiring Fund		Appreciation (Depreciation) Prior to Reorganization			Net Assets Prior to Reorganization
I Shares		1,179,072		1,051,260	$	516,428		$	14,633,746
A Shares		52,925		46,231		(98,497	)		650,031

The combined net assets of the Acquiring Fund immediately after the reorganization were $121,903,679.

Assuming the acquisition had been completed on April 1, 2011, the beginning of the reporting period of the Acquiring Fund, the Acquiring Fund’s pro forma results of operations for the year ended March 31, 2012, were as follows:

Net Investment Income (Loss)	$	372,371
Net Realized and Unrealized Gains/Losses on Investments	$	(1,059,459	)
Net Increase/Decrease in Net Assets resulting from Operations	$	(687,088	)

Because the combined investment portfolios have been managed as a single integrated portfolio since the acquisition was completed, it is not practicable to separate the amounts of revenue and earnings of the Target Fund that has been included in the Acquiring Fund’s Statement of Operations as of March 31, 2012.

8. Accounting Pronouncements

In May 2011, the Financial Accounting Standards Board issued ASU No. 2011-04 “Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards (“IFRSs”).” ASU 2011-04 includes common requirements for measurement of and disclosure about fair value between U.S. GAAP and IFRS. ASU 2011-04 will require reporting entities to make disclosures about amounts and reasons for all transfers in and out of Level 1 and Level 2 fair value measurements. In addition, ASU 2011-04 will require reporting entities to disclose the following information for fair value measurements categorized within Level 3 of the fair value hierarchy: quantitative information about the unobservable inputs used in the fair value measurement, the valuation processes used by the reporting entity and a narrative description of the sensitivity of the fair value measurement to changes in unobservable inputs and the interrelationships between those unobservable inputs. The new and revised disclosures are effective for interim and annual reporting periods beginning after December 15, 2011. Management is currently evaluating the implications of ASU No. 2011-04 and its impact on the financial statements.

9. Subsequent Events

Management has evaluated subsequent events through the date these financial statements were issued. Management has determined that, except as set forth below, there are no material events that would require disclosure in the Funds’ financial statements through this date.

106

NOTES TO FINANCIAL STATEMENTS  (concluded)

RIDGEWORTH FUNDS    March 31, 2012

At a meeting held on March 1, 2012, the Board approved the reorganization of the Emerging Growth Stock Fund (the “Target Fund”) into the Aggressive Growth Stock Fund (the “Acquiring Fund”), a separate series of the Trust. The reorganization was effective at the close of business on April 27, 2012. Each shareholder of the A and I Shares of the Target Fund became a shareholder of the Acquiring Fund, and received corresponding A and I Shares of the Acquiring Fund in an amount equal in value to the shares of the Fund the shareholder had immediately before reorganization.

107

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

RIDGEWORTH FUNDS    March 31, 2012

To the Board of Trustees and Shareholders of

RidgeWorth Funds:

In our opinion, the accompanying statements of assets and liabilities, including the schedules of portfolio investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Aggressive Growth Stock Fund, Emerging Growth Stock Fund, International Equity Fund, International Equity Index Fund, Large Cap Core Growth Stock Fund, Large Cap Growth Stock Fund, Large Cap Value Equity Fund, Mid-Cap Value Equity Fund, Select Large Cap Growth Stock Fund, Small Cap Growth Stock Fund, Small Cap Value Equity Fund, Aggressive Growth Allocation Strategy, Conservative Allocation Strategy, Growth Allocation Strategy, and Moderate Allocation Strategy, (fifteen of the funds constituting RidgeWorth Funds, collectively the “Funds”) at March 31, 2012, the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended and the financial highlights for each of the periods indicated, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as “financial statements”) are the responsibility of the Funds’ management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at March 31, 2012 by correspondence with the custodian, brokers, and application of alternative auditing procedures where securities purchased had not been received, provide a reasonable basis for our opinion.

PricewaterhouseCoopers LLP

May 25, 2012

Boston, Massachusetts

108

OTHER FEDERAL TAX INFORMATION

RIDGEWORTH FUNDS    March 31, 2012

(Unaudited)

The following Funds have designated long term capital gain distributions as follows:

Fund	Amount
Mid-Cap Value Equity Fund	$	25,657,958
Select Large Cap Growth Stock Fund		1,537,424
Small Cap Value Equity Fund		46,011,223
Conservative Allocation Strategy		342,249
Moderate Allocation Strategy		242,796

For corporate shareholders, the following percentages of the total ordinary income distributions paid by the following Funds during the fiscal year ended March 31, 2012 qualify for the corporate dividends received deductions:

Fund	Dividend Received Deduction
International Equity Index Fund		1	%
Large Cap Core Growth Stock Fund		100
Large Cap Value Equity Fund		100
Mid-Cap Value Equity Fund		25
Small Cap Value Equity Fund		75
Aggressive Growth Allocation Strategy		50
Conservative Allocation Strategy		7
Growth Allocation Strategy		20
Moderate Allocation Strategy		14

In addition, the Funds may elect to pass through foreign taxes paid by the Funds to shareholders under Section 853 of the Internal Revenue Code. For the year ended March 31, 2012, International Equity Fund and International Equity Index Fund elected to pass through foreign taxes of $376,283 and $604,080 respectively.

For the year ended March 31, 2012, the following Funds paid qualified dividend income:

Fund	Qualified Dividend Income
International Equity Fund		95	%
International Equity Index Fund		48
Large Cap Core Growth Stock Fund		100
Large Cap Value Equity Fund		100
Mid-Cap Value Equity Fund		25
Small Cap Value Equity Fund		83
Aggressive Growth Allocation Strategy		66
Conservative Allocation Strategy		11
Growth Allocation Strategy		31
Moderate Allocation Strategy		21

The RidgeWorth International Equity Fund and International Equity Index Fund intend to elect to pass through to shareholders the income tax credit for taxes paid to foreign countries.

Fund	Foreign Source Income		Foreign Tax Expense
International Equity Fund	$	9,091,475	$	376,283
International Equity Index Fund		16,395,680		604,080

The pass-through of the foreign tax credit will only affect those persons who are shareholders on the dividend record dates. These shareholders will receive more detailed information with their 2012 Form 1099-DIV.

109

TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUNDS

RIDGEWORTH FUNDS    March 31, 2012

(Unaudited)

Information pertaining to the current Trustees is set forth below. The Trust’s statement of additional information includes additional information about the Trustees and is available without charge by calling 1-888-784-3863.

Name and Age	Position Held with the Trust	Term of Office and Length of Time Served	Principal Occupation(s) During the Past 5 Years	Number of Portfolios in the RidgeWorth Complex Overseen by Trustees		Other Directorships Held By Trustee During the Past 5 Years
Tim E. Bentsen Age: 58	Trustee	Indefinite; since 2012	Audit Partner and Account Executive (since 1993); Lead Area Managing Partner (2005-2009); Office Managing Partner (2003-2009), KPMG LLP.		35	None
Jeffrey M. Biggar Age: 62	Trustee	Indefinite; since 2007	Managing Director, Little Mountain Group, LLC (an independent Registered Investment Advisor consulting firm) (since 2011); Chief Operating Officer, Cedar Brook Financial Partners LLC (2008-2010); Chief Executive Officer and Senior Managing Director, Sterling (National City Corp.) (2000-2006).		35	Multi – Manager Master Portfolios LLC (3 portfolios)
George C. Guynn Age: 69	Trustee	Indefinite; since 2008	Retired. President and Chief Executive Officer (1996-2006) Federal Reserve Bank of Atlanta.		35	Genuine Parts Company; Oxford Industries; John Wieland Homes & Neighborhoods Inc.; Acuity Brands Inc.; Multi – Manager Master Portfolios LLC (3 portfolios)
Sidney E. Harris Age: 62	Trustee	Indefinite; since 2004	Professor (since 1997), Dean (1997-2004), J. Mack Robinson College of Business, Georgia State University.		35	Total System Services, Inc.; Multi – Manager Master Portfolios LLC (3 portfolios)
Warren Y. Jobe Age: 71	Trustee	Indefinite; since 2004	Retired. Executive Vice President and Chief Financial Officer, Georgia Power Company (1982-1998) and Senior Vice President, Southern Company (1998-2001).		35	WellPoint, Inc; UniSource Energy Corporation
Connie D. McDaniel Age: 54	Trustee	Indefinite; since 2005	Vice President, Chief of Internal Audit, Corporate Audit Department (since 2009); Vice President Global Finance Transformation (2007-2009); Vice President and Controller (1999-2007), The Coca-Cola Company.		35	None

110

TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUNDS  (concluded)

RIDGEWORTH FUNDS    March 31, 2012

(Unaudited)

Information pertaining to the current Officers of the Trust is set forth below.

Name, Address and Age	Position(s) Held with the Trust	Term of Office and Length of Time Served	Principal Occupation(s) During the Past 5 Years
Julia R. Short RidgeWorth Investments 3333 Piedmont Road, NE Suite 1500 Atlanta, GA 30305 Age: 39	President and Chief Executive Officer	One year; since 2007	Managing Director, Product Manager, RidgeWorth Investments. (since 2004); Relationship Manager, SEI Investments (financial services) (1994 - 2004).
Joseph M. O’Donnell RidgeWorth Investments 3333 Piedmont Road, NE Suite 1500 Atlanta, GA 30305 Age: 57	Executive Vice President and Chief Compliance Officer	One year; since 2011	Chief Compliance Officer of the ING Funds (2004-2011); Executive Vice President of the ING Funds (2004-2011); Chief Compliance Officer of ING Investments, LLC (2006-2008 and October 2009-2011); and Investment Advisor Chief Compliance Officer, Directed Services LLC (2006-2008 and 2009-2011). Formerly, Investment Advisor Chief Compliance Officer, ING Life Insurance and Annuity Company (2006).
Cynthia L. Morse-Griffin Foreside Management Services, LLC Three Canal Plaza, Suite 100 Portland, ME 04101 Age: 36	Treasurer and Chief Financial Officer	One year; since 2010	Fund Principal Financial Officer, Foreside Management Services, LLC (2008-present); Assistant Vice President, Citigroup Fund Services, LLC (2001-2008).
Benjamin H. Lowe RidgeWorth Investments 3333 Piedmont Road, NE Suite 1500 Atlanta, GA 30305 Age: 34	Assistant Treasurer	One year; since March 2012	Director of Fund Administration, RidgeWorth Investments (since 2011); Fund Controller, ALPS Fund Services, Inc. (2005-2011).
Alan Otis State Street Bank and Trust Co. 4 Copley Place, 5th Fl. Boston, MA 02116 Age: 40	Assistant Treasurer	One year; since 2010	Vice President, State Street Bank and Trust Company (since 1995).*
James Bacik State Street Bank and Trust Co. 4 Copley Place, 5th Fl. Boston, MA 02116 Age: 37	Assistant Treasurer	One year; since 2010	Assistant Vice President, State Street Bank and Trust Company (since 2001).*
James M. Atwood Foreside Compliance Services, LLC Three Canal Plaza, Suite 100 Portland, ME 04101 Age: 46	Anti-Money Laundering Officer and Identity Theft Prevention Officer	One year; since 2010	Compliance Analyst, Foreside Compliance Services, LLC (since 2007); personal sabbatical (2004-2007); Attorney, Pierce Atwood (law firm) (2001-2004).
Julie Tedesco State Street Bank and Trust Company 4 Copley Place Boston, MA 02116 Age: 54	Secretary and Chief Legal Officer	One year; since 2010	Senior Vice President and Senior Managing Counsel, State Street Bank and Trust Company (since 2000).*
Odeh Stevens State Street Bank and Trust Company 200 Clarendon Street Boston, MA 02116 Age: 43	Assistant Secretary	One year; since 2010	Vice President and Counsel, State Street Bank and Trust Company (since 2005). Legal Product Manager, Fidelity Investments (2000-2005).

* During the period indicated the Officer has held various positions at State Street Bank and Trust Company and has provided his or her current title.

111

ADDITIONAL INFORMATION

RIDGEWORTH FUNDS    March 31, 2012

(Unaudited)

ANNUAL APPROVAL OF INVESTMENT ADVISORY AND SUBADVISORY AGREEMENTS

The continuance of the Trust’s investment advisory agreement with RidgeWorth Capital Management, Inc. (the “Adviser”) and subadvisory agreements between the Adviser and each of Ceredex Value Advisors LLC, Certium Asset Management LLC, Silvant Capital Management LLC, and Zevenbergen Capital Investments LLC (collectively, the “Subadvisers”) must be specifically approved at least annually by (i) the vote of the Trustees or a vote of the shareholders of the Funds and (ii) the vote of a majority of the Trustees who are not parties to the agreements or “interested persons” of any party thereto (the “Independent Trustees”), as defined in the Investment Company Act of 1940, cast in person at a meeting called for the purpose of voting on such approval. New advisory agreements for the Trust are also subject to such approval initially and annually after their initial term is complete.

Each year, the Board of Trustees calls and holds a meeting to decide whether to approve and/or renew the Trust’s agreements for the upcoming year. In preparation for the meeting, the Board requests and reviews a wide variety of information from the Adviser and Subadvisers. The Trustees use this information, as well as other information that the Adviser, Subadvisers, and other service providers may submit to the Board, to help them decide whether to approve and/or renew the agreements.

In considering the renewal of the agreements with the Adviser and Subadvisers, the Board requested and received material from the Adviser and Subadvisers in preparation for a special meeting of the Board held on October 13, 2011, and requested and reviewed additional material from the Adviser and Subadvisers in preparation for its quarterly meeting held on November 15, 2011, at which it specifically considered the renewal of the agreements. Such material included, among other things, information about: (i) the quality of the Adviser’s and Subadvisers’ investment management and other services; (ii) the Adviser’s and Subadvisers’ investment management personnel; (iii) the Adviser’s and Subadvisers’ operations and financial condition; (iv) the Adviser’s and Subadvisers’ brokerage practices (including any soft dollar arrangements) and investment strategies; (v) the level of the advisory fees that the Adviser and Subadvisers charge the Funds compared with the fees they charge to comparable mutual funds or accounts; (vi) the Funds’ overall fees and operating expenses compared with similar mutual funds; (vii) the level of the Adviser’s and Subadvisers’ profitability from their Fund-related operations; (viii) the Adviser’s and Subadvisers’ compliance systems; (ix) the Adviser’s and Subadvisers’ policies and procedures for personal securities transactions; (x) the Adviser’s and Subadvisers’ reputation, expertise, and resources in domestic financial markets; and (xi) the Funds’ performance compared with similar mutual funds. The Board also received a memorandum from fund counsel regarding the responsibilities of the Trustees in connection with their consideration of the agreements.

At the meetings, representatives from the Adviser and Subadvisers presented additional oral and written information to the Board to help the Board evaluate the Adviser’s and Subadvisers’ fees and other aspects of the agreements. The Board also considered information presented by the Adviser, Subadvisers, and other service providers at meetings held throughout the year. The Trustees discussed the written materials, oral presentations, and any other information that the Board received, and considered the approval of the agreements in light of this information.

Based on the Board’s deliberations and evaluation of the information it received, the Board, all of whose members are Independent Trustees, approved the renewal of the agreements with the Adviser and Subadvisers and determined that the compensation under the agreements is fair and reasonable in light of the services to be performed. The Board considered the following specific factors, none of which was controlling, and made the following conclusions:

Nature, Extent, and Quality of Services

The Board received and considered information regarding the nature, extent, and quality of services to be provided to the Funds by the Adviser and Subadvisers. In this regard, the Trustees evaluated, among other things, the Adviser’s and Subadvisers’ personnel, experience, track record, and compliance program. The Board considered the background and experience of the Adviser’s and Subadvisers’ senior management and the expertise of, and amount of attention expected to be given to the Funds by, their portfolio management teams. The Board reviewed the qualifications, backgrounds, and responsibilities of the portfolio managers responsible for the day-to-day management of the Funds. The Board also reviewed information pertaining to the Adviser’s and Subadvisers’ organizational structure, senior management, investment operations, and other relevant information. The Board concluded that, within the context of its full deliberations, the nature, extent, and quality of the services to be provided to the Funds by the Adviser and Subadvisers supported the approval of the agreements.

112

ADDITIONAL INFORMATION  (continued)

RIDGEWORTH FUNDS    March 31, 2012

(Unaudited)

ANNUAL APPROVAL OF INVESTMENT ADVISORY AND SUBADVISORY AGREEMENTS  (concluded)

Performance

The Board considered the investment performance of each Fund, including any periods of outperformance and underperformance, both on an absolute basis and a comparative basis to indices and other funds within the same investment categories. Specifically, the Board considered each Fund’s performance relative to its peer group and appropriate benchmarks in light of total return, yield, and market trends. As part of this review, the Board considered the composition of the peer group and selection criteria, as well as market risk and shareholder risk expectations. The Board considered the Adviser’s and Subadvisers’ explanations regarding specific performance issues. The Board concluded that, within the context of its full deliberations, the performance of the Funds, the Adviser, and the Subadvisers supported the approval of the agreements.

Fund Expenses

With respect to advisory fees, the Board considered the rate of compensation under the agreements and each Fund’s net operating expense ratio in comparison to those of comparable mutual funds. The Trustees also considered information about average expense ratios of comparable mutual funds in each Fund’s peer group. Finally, the Trustees considered the effect of the Adviser’s and Subadvisers’ waiver and reimbursement of fees and expenses, where applicable, to prevent total expenses from exceeding a specified amount and that, due to these waivers and reimbursements, net operating expenses have been maintained at competitive levels. The Board concluded that, within the context of its full deliberations, the expenses of the Funds are reasonable and supported the approval of the agreements.

Profitability

The Board reviewed information about the profitability of the Funds to the Adviser and Subadvisers and considered whether the level of profitability was reasonable and justified in light of the quality of the services rendered to the Funds and in comparison to other advisory firms. The Board concluded that, within the context of its full deliberations, the profitability of the Adviser and Subadvisers is within the range the Board considered reasonable.

Economies of Scale

The Board considered the existence of economies of scale and whether they were passed along to Fund shareholders through a graduated advisory fee schedule or other means, including any fee and expense waivers and reimbursements by the Adviser and Subadvisers. The Board concluded that, within the context of its full deliberations, the Funds obtain reasonable benefit from economies of scale.

113

ADDITIONAL INFORMATION  (continued)

RIDGEWORTH FUNDS    March 31, 2012

(Unaudited)

Expense Examples

As a shareholder of the RidgeWorth Funds, you incur two types of costs: (1) transaction costs, including sales charges (loads) or contingent deferred sales charges on purchases and/or sales; and (2) ongoing costs, including management fees, 12b-1 distribution and/or service fees, and other Fund expenses. These examples are intended to help you understand your ongoing costs (in dollars) of investing in the RidgeWorth Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

These examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2011 through March 31, 2012.

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.

Fund	Class		Beginning Account Value 10/01/11		Ending Account Value 03/31/12		Expenses Paid During Period* 10/01/11-03/31/12		Expense Ratio During Period** 10/01/11-03/31/12
Aggressive Growth Stock Fund		I Shares	$	1,000.00	$	1,266.10	$	7.08		1.25	%
		A Shares		1,000.00		1,263.40		8.71		1.54
Emerging Growth Stock Fund †		I Shares		1,000.00		1,234.80		6.93		1.24
		A Shares		1,000.00		1,232.60		8.60		1.54
International Equity Fund		I Shares		1,000.00		1,198.20		6.98		1.27
		A Shares		1,000.00		1,196.10		8.62		1.57
International Equity Index Fund		I Shares		1,000.00		1,138.90		3.58		0.67
		A Shares		1,000.00		1,137.10		5.18		0.97
Large Cap Core Growth Stock Fund		I Shares		1,000.00		1,299.30		6.15		1.07
		A Shares		1,000.00		1,297.30		7.58		1.32
		C Shares		1,000.00		1,293.50		11.87		2.07
Large Cap Growth Stock Fund		I Shares		1,000.00		1,308.10		6.17		1.07
		A Shares		1,000.00		1,305.70		7.95		1.38
		C Shares		1,000.00		1,302.00		11.97		2.08
Large Cap Value Equity Fund		I Shares		1,000.00		1,258.60		4.57		0.81
		A Shares		1,000.00		1,257.30		6.26		1.11
		C Shares		1,000.00		1,251.80		10.19		1.81
Mid-Cap Value Equity Fund		I Shares		1,000.00		1,306.00		6.00		1.04
		A Shares		1,000.00		1,303.90		7.72		1.34
		C Shares		1,000.00		1,300.10		11.73		2.04
Select Large Cap Growth Stock Fund		I Shares		1,000.00		1,313.00		6.25		1.08
		A Shares		1,000.00		1,310.70		7.97		1.38
		C Shares		1,000.00		1,306.30		11.99		2.08
Small Cap Growth Stock Fund		I Shares		1,000.00		1,293.00		7.05		1.23
		A Shares		1,000.00		1,291.30		8.82		1.54
		C Shares		1,000.00		1,286.80		12.81		2.24
Small Cap Value Equity Fund		I Shares		1,000.00		1,244.30		6.73		1.20
		A Shares		1,000.00		1,242.00		8.41		1.50
		C Shares		1,000.00		1,238.20		12.31		2.20
Aggressive Growth Allocation Strategy		I Shares		1,000.00		1,248.40		1.12		0.20
		A Shares		1,000.00		1,244.50		2.81		0.50
		C Shares		1,000.00		1,242.20		6.73		1.20
Conservative Allocation Strategy		I Shares		1,000.00		1,095.50		1.05		0.20
		A Shares		1,000.00		1,094.10		2.62		0.50
		C Shares		1,000.00		1,090.00		6.27		1.20
Growth Allocation Strategy		I Shares		1,000.00		1,189.30		1.09		0.20
		A Shares		1,000.00		1,188.10		2.74		0.50
		C Shares		1,000.00		1,183.70		6.55		1.20

114

ADDITIONAL INFORMATION  (continued)

RIDGEWORTH FUNDS    March 31, 2012

(Unaudited)

Fund	Class		Beginning Account Value 10/01/11		Ending Account Value 03/31/12		Expenses Paid During Period* 10/01/11-03/31/12		Expense Ratio During Period** 10/01/11-03/31/12
Moderate Allocation Strategy		I Shares	$	1,000.00	$	1,144.00	$	1.07		0.20	%
		A Shares		1,000.00		1,141.50		2.68		0.50
		C Shares		1,000.00		1,138.30		6.41		1.20

* Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days (183) in the most recent fiscal half-year divided by the number of days in the fiscal year (366).

** Annualized.

† Effective close of business on April 27, 2012, the Fund merged into Aggressive Growth Stock Fund (See Note 9).

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.

Fund	Class		Beginning Account Value 10/01/11		Ending Account Value 03/31/12		Expenses Paid During Period* 10/01/11-03/31/12		Expense Ratio During Period** 10/01/11-03/31/12
Aggressive Growth Stock Fund		I Shares	$	1,000.00	$	1,018.75	$	6.31		1.25	%
		A Shares		1,000.00		1,017.30		7.77		1.54
Emerging Growth Stock Fund†		I Shares		1,000.00		1,018.80		6.26		1.24
		A Shares		1,000.00		1,017.30		7.77		1.54
International Equity Fund		I Shares		1,000.00		1,018.65		6.41		1.27
		A Shares		1,000.00		1,017.15		7.92		1.57
International Equity Index Fund		I Shares		1,000.00		1,021.65		3.39		0.67
		A Shares		1,000.00		1,020.15		4.90		0.97
Large Cap Core Growth Stock Fund		I Shares		1,000.00		1,019.65		5.40		1.07
		A Shares		1,000.00		1,018.40		6.66		1.32
		C Shares		1,000.00		1,014.65		10.43		2.07
Large Cap Growth Stock Fund		I Shares		1,000.00		1,019.65		5.40		1.07
		A Shares		1,000.00		1,018.10		6.96		1.38
		C Shares		1,000.00		1,014.60		10.48		2.08
Large Cap Value Equity Fund		I Shares		1,000.00		1,020.95		4.09		0.81
		A Shares		1,000.00		1,019.45		5.60		1.11
		C Shares		1,000.00		1,015.95		9.12		1.81
Mid-Cap Value Equity Fund		I Shares		1,000.00		1,019.80		5.25		1.04
		A Shares		1,000.00		1,018.30		6.76		1.34
		C Shares		1,000.00		1,014.80		10.28		2.04
Select Large Cap Growth Stock Fund		I Shares		1,000.00		1,019.60		5.45		1.08
		A Shares		1,000.00		1,018.10		6.96		1.38
		C Shares		1,000.00		1,014.60		10.48		2.08
Small Cap Growth Stock Fund		I Shares		1,000.00		1,018.85		6.21		1.23
		A Shares		1,000.00		1,017.30		7.77		1.54
		C Shares		1,000.00		1,013.80		11.28		2.24
Small Cap Value Equity Fund		I Shares		1,000.00		1,019.00		6.06		1.20
		A Shares		1,000.00		1,017.50		7.57		1.50
		C Shares		1,000.00		1,014.00		11.08		2.20
Aggressive Growth Allocation Strategy		I Shares		1,000.00		1,024.00		1.01		0.20
		A Shares		1,000.00		1,022.50		2.53		0.50
		C Shares		1,000.00		1,019.00		6.06		1.20
Conservative Allocation Strategy		I Shares		1,000.00		1,024.00		1.01		0.20
		A Shares		1,000.00		1,022.50		2.53		0.50
		C Shares		1,000.00		1,019.00		6.06		1.20
Growth Allocation Strategy		I Shares		1,000.00		1,024.00		1.01		0.20
		A Shares		1,000.00		1,022.50		2.53		0.50
		C Shares		1,000.00		1,019.00		6.06		1.20

115

ADDITIONAL INFORMATION  (concluded)

RIDGEWORTH FUNDS    March 31, 2012

(Unaudited)

Fund	Class		Beginning Account Value 10/01/11		Ending Account Value 03/31/12		Expenses Paid During Period* 10/01/11-03/31/12		Expense Ratio During Period** 10/01/11-03/31/12
Moderate Allocation Strategy		I Shares	$	1,000.00	$	1,024.00	$	1.01		0.20	%
		A Shares		1,000.00		1,022.50		2.53		0.50
		C Shares		1,000.00		1,019.00		6.06		1.20

* Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days (183) in the most recent fiscal half-year divided by the number of days in the fiscal year (366).

** Annualized.

† Effective close of business on April 27, 2012, the Fund merged into Aggressive Growth Stock Fund (See Note 9).

Proxy Voting Information

Information regarding the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities is available without charge, upon request, by calling 1-888-784-3863. The information also is included in the Funds’ Statement of Additional Information, which is available on the Funds’ website at www.ridgeworth.com and on the Securities and Exchange Commission’s (“SEC”) website at www.sec.gov. Information relating to how each Fund voted proxies relating to portfolio securities held during the most recent twelve months ended June 30 is available on the Funds’ website at www.ridgeworth.com and on the SEC’s website at www.sec.gov.

Quarterly Portfolio Holdings Information

The Funds file their complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Funds’ Forms N-Q are available free of charge on the SEC’s website at www.sec.gov. You may also review or, for a fee, copy those documents by visiting the SEC’s Public Reference Room in Washington, D.C. Information on the operation of the Public Reference Room may be obtained by calling the SEC at 1-800-SEC-0330.

116

INVESTMENT ADVISER:

RidgeWorth Investments

3333 Piedmont Road, NE, Suite 1500

Atlanta, Georgia 30305

www.ridgeworth.com

INVESTMENT SUBADVISERS:

Ceredex Value Advisors LLC

Lincoln Plaza, Suite 1600

300 South Orange Avenue

Orlando, Florida 32801

www.ceredexvalue.com

Certium Asset Management LLC

3333 Piedmont Road, NE, Suite 1500

Atlanta, Georgia 30305

www.certiumllc.com

Silvant Capital Management LLC

3333 Piedmont Road, NE, Suite 1500

Atlanta, Georgia 30305

www.silvantcapital.com

Zevenbergen Capital Investments LLC

601 Union Street, Suite 4600

Seattle, Washington 98101

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.ridgeworth.com. Please read the prospectus carefully before investing.

DISTRIBUTOR:

RIDGEWORTH DISTRIBUTORS LLC

Not FDIC Insured • No Bank Guarantee • May Lose Value

RFAR-EQ-0312

2012 ANNUAL REPORT

FIXED INCOME FUNDS

MARCH 31, 2012

RidgeWorth Investments^® is the trade name of RidgeWorth Capital Management, Inc.

TABLE OF CONTENTS

RIDGEWORTH FUNDS    March 31, 2012

Letter to Shareholders	1
Management Discussion of Fund Performance
Fixed Income Funds:
Core Bond Fund	3
Corporate Bond Fund	5
Georgia Tax-Exempt Bond Fund	7
High Grade Municipal Bond Fund	9
High Income Fund	11
Intermediate Bond Fund	13
Investment Grade Tax-Exempt Bond Fund	15
Limited Duration Fund	17
Limited-Term Federal Mortgage Securities Fund	19
North Carolina Tax-Exempt Bond Fund	21
Seix Floating Rate High Income Fund	23
Seix High Yield Fund	25
Short-Term Bond Fund	27
Short-Term Municipal Bond Fund†	29
Short-Term U.S. Treasury Securities Fund	31
Total Return Bond Fund	33
Ultra-Short Bond Fund	35
U.S. Government Securities Fund	37
U.S. Government Securities Ultra-Short Bond Fund	39
Virginia Intermediate Municipal Bond Fund	41
Schedules of Portfolio Investments	43
Statements of Assets and Liabilities	140
Statements of Operations	144
Statements of Changes in Net Assets	148
Financial Highlights	162
Notes to Financial Statements	170
Report of Independent Registered Public Accounting Firm	192
Other Federal Tax Information	193
Trustees and Officers of the RidgeWorth Funds	194
Additional Information	196

† Formerly Maryland Municipal Bond Fund.

LETTER TO SHAREHOLDERS

RIDGEWORTH FUNDS    March 31, 2012

Dear Valued Client,

We are encouraged to report that the economy and the financial markets continued to grow and recover for the third year in a row. In addition, we are pleased to report that the RidgeWorth Funds maintained its strong long-term performance record.

Before we look at the year in review and our outlook, the entire RidgeWorth staff thanks you, our valued RidgeWorth shareholders, for choosing and supporting our mutual funds. We continually focus all of our efforts on helping you achieve your investing goals and are grateful that you have placed your confidence in us. It is our mission to maintain that confidence through delivering both outstanding investment performance and exceptional client service.

A year ago, we said we believed that the global economy and the financial markets were gradually healing in the wake of the most severe economic recession and financial crisis in modern memory. We also discussed how the current recovery/expansion has a different look and feel than the traditional rebound and we noted some of the potential implications and opportunities. Equity markets, we suggested, could maintain upward momentum given the low absolute and relative valuations as well as the continued and broadening global monetary stimulus. We also warned, however, that the “easy money” in the equity advance had been made and that fears which dominated markets, namely excess leverage, had not been adequately addressed. As a result, more fiscal policy “heavy lifting,” both domestically and abroad, was still needed.

The past year was one of continued positive, albeit sub-par economic growth in the U.S., highlighted by gradual improvements in job growth, the unemployment rate, and consumer spending. Housing activity remained sidelined by the mortgage foreclosure overhang, but some evidence suggested the national scope of the housing downturn that began in 2006 was evolving into a regional challenge. Business profits and investment also moved higher, though at a somewhat slower pace than the previous year, and corporate balance sheets remained solid. The domestic credit markets showed some signs of recovery as shown by year-over-year increases in commercial and consumer installment loans. Core inflation remained historically low, but headline prices rose due to a spike in energy and food prices.

Even with improving leading indicators, volatility in the equity markets remained at high levels due to the many headline macro events. In addition, correlations (or the collective movement of all prices in the same direction with proportional magnitude) reached levels not seen since the stock market crash of 1929. The S&P 500 Index had a roller coaster year, starting with about a 10% move upward in the first four months, only to see a 20+% correction through September, and then a subsequent strong rally to close out the year. The end result was an increase in the market of approximately two percent, including dividends.

Technology, Healthcare, Staples, and Discretionary stocks generated the strongest returns, helping the Growth style outperform the Value style. Large-cap stocks generally outperformed both mid-cap and small-cap stocks. In the fixed-income markets, continued aggressive monetary easing and concerns over EU sovereign debt pushed bond yields lower, especially in the Treasury market, though investment-grade corporate bonds benefited from narrower credit spreads.

The international picture by contrast was one of slower growth and increased risk. The markets were subjected to the seemingly continuous stream of deadlines and ultimatums surrounding the sovereign debt crisis in the European Union. The EU leadership cobbled together some helpful backstop strategies and enhanced liquidity mechanisms where none existed before, but those were not enough to prevent an economic downturn in the Eurozone. Growth in emerging markets also slowed, ultimately causing a broad shift in these countries’ monetary policies from tighter restraint toward easing. The result was that global monetary policy had turned toward stimulus by early 2012. The MSCI EAFE Developed Markets Index and the MSCI Emerging Markets Index both showed declines during the period.

Against this backdrop, the Federal Reserve maintained its accommodative policy and even went so far as to state that its short-term policy interest rate, the federal funds rate, would likely stay low until late 2014. It also decided to reinvest proceeds from its quantitative easing securities portfolio to help keep longer-term bond yields down. However, fiscal policy support was incrementally more muted as political posturing by both parties allowed only a few popular supports, such as the FICA tax reduction, to continue.

1

LETTER TO SHAREHOLDERS  (concluded)

RIDGEWORTH FUNDS    March 31, 2012

Through this difficult investing environment, the RidgeWorth Funds continued to maintain a record of strong long-term performance. More than 80% of our Funds beat their Lipper Peer Group medians for the five-year period ended March 31, 2012, and 70% of our Funds finished in the first or second quartile for the ten-year period¹. Additionally, Lipper recognized the RidgeWorth International Equity Fund for having the best three-year performance in its category².

In addition to strong investment performance, RidgeWorth Funds was also recognized for its achievements in client service and marketing. The Mutual Fund Education Alliance (MFEA) presented RidgeWorth Funds with nine awards in the medium-sized mutual fund families category, including the “Overall Advisor Communication Award.” It is a great honor to be recognized for our efforts in communicating with our constituents and for helping investors understand and benefit from our mutual funds.

Our outlook for the economy and the markets remains steady due to stable Gross Domestic Product (GDP) and job growth along with reasonable equity valuations. However, we believe many of the challenges that affected the markets over the past several years are still with us; fiscal strains in the EU, a weak housing market, heavy mortgage debt burdens, high unemployment, and record federal deficits are the most prominent. In addition, the recent sharp rise in oil and gasoline prices adds another challenge to achieving a sustained recovery. We expect the pace of growth to remain slower than normal because of the headwinds mentioned above, but inflation could materialize if energy prices continue to rise. However, despite recent upward pressure on some of the headline inflation measures, the Federal Reserve has pledged not to raise interest rates soon because of consumers’ weak balance sheets and low savings rates.

We believe the markets will continue to offer opportunities, but investors will have to be more selective and company specific. This type of market fits well with RidgeWorth’s bottom-up approach to security selection.

We wish to again thank you for placing your trust and confidence in us, and we look forward to another good year together.

Sincerely,

Ashi Parikh

Chairman, CEO, CIO

RidgeWorth Capital Management, Inc.

¹  For the period ended 3/31/12, 57%, 87% and 70% of the RidgeWorth Funds (I Shares) beat their Lipper peer group medians for the 1-, 5- and 10-year periods, respectively. The Lipper rankings are as of 3/31/12, for I Shares only, based on total returns and do not reflect a sales charge. ©2012 Lipper Leader, Reuters. All Rights Reserved. Lipper Ratings are according to Lipper, a Thomson Reuters Company. Past performance is not indicative of future results.

²  For the period ended 3/31/12, the RidgeWorth International Equity Fund had Lipper rankings of 14 of 123 International Large Cap Funds, 1 of 111, 12 of 85 and 29 of 55 for the 1-, 3-, 5- and 10-year periods, respectively. The Lipper rankings are as of 3/31/12, for I Shares only, based on total returns and do not reflect a sales charge. ©2012 Lipper Leader, Reuters. All Rights Reserved. Lipper Ratings are according to Lipper, a Thomson Reuters Company. Past performance is not indicative of future results.

2

CORE BOND FUND

Portfolio Managers

Ÿ James F. Keegan

Ÿ Adrien Webb, CFA

Ÿ Perry Troisi

Ÿ Michael Rieger

INVESTMENT CONCERNS

Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.

The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.

Mortgage-backed investments involve risk of loss due to prepayments and, like any bond, due to default. Because of the sensitivity of mortgage-related securities to changes in interest rates, the Fund’s performance may be more volatile than if it did not hold these securities.

Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.

MANAGEMENT DISCUSSION OF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

For the 12 months ended March 31, 2012, the Core Bond Fund returned 9.65% (I Shares) versus 7.71% for the Barclays Capital U.S. Aggregate Bond Index and 8.53% for the Barclays Capital U.S. Government/Credit Bond Index. The Fund’s benchmark was changed in the middle of the fiscal year from the Barclays Capital U.S. Government/Credit Bond Index to the Barclays Capital U.S. Aggregate Bond Index. For the five-year period, the Fund outperformed the Barclays Capital U.S. Government/Credit Bond Index, returning 7.20% versus 6.26% for the index.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

Performance over the last year was mostly influenced by how a Fund was positioned in the third quarter of 2011, when many of the “riskier” investment types radically re-priced amidst the cross currents of an underperforming domestic economy and a banking and sovereign debt crisis in Europe. While the Fund was overweight non-Treasury sectors for all of 2011, our defensive positioning within those sectors was the key to our outperformance. Our flatter yield curve positioning paid significant dividends as the curve flattened dramatically over the past year.

How do you plan to position the Fund, based on market conditions?

Central bank liquidity once again produced a rally in the riskier investment types in early 2012 as the European Central Bank (ECB) took center stage with a continuation of a program they introduced in late 2011. The ECB offered essentially unlimited three-year funding to banks across the Euro Zone in two separate operations over the last four months. While inciting a classic rally in the riskiest stocks and lowest quality bonds, we fail to see any fundamental progress to warrant this repricing. Questions remain pertaining to the sustainability of the current growth trajectory and whether there have been “pull-forward” effects due to the mild winter.

We remain overweight corporate bonds, but only modestly so relative to recent years. The positioning remains defensive, overweighting the industrial sector while significantly underweighting the traditional banking sector. While still overweight residential mortgage-backed securities (RMBS), we did take profits by modestly reducing our weighting in the most recent quarter, having seen certain segments achieve relatively rich valuations. Similar to corporate bonds, we remain overweight commercial mortgage-backed securities (CMBS), but at a lower level than recent years and the exposure is defensive near the top of the capital structure. This is all consistent with our “safe income at a reasonable price” theme repeatedly emphasized over the last year.

Given the significant yield curve flattening over the last year we elected to take some profits and somewhat normalize our curve position in late 2011. While still modestly positioned for a flatter curve, it is a much smaller trade in 2012, as the curve is much closer to its trailing 10 year average than it was one year ago.

3

CORE BOND FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   Effective September 30, 2011, the benchmark index for the Fund changed from the Barclays Capital U.S. Government/Credit Bond Index to the Barclays Capital U.S. Aggregate Bond Index. Management believes the Barclays Capital U.S. Aggregate Bond Index better reflects the Core Bond Fund’s investment style.   The Fund’s performance is compared to the Barclays Capital U.S. Aggregate Bond Index and the Barclays Capital U.S. Government/Credit Bond Index. Barclays Capital U.S. Aggregate Bond Index covers the U.S. dollar-denominated, investment-grade, fixed rate and taxable bond market of SEC-registered securities, and includes bonds from the Treasury, Government-Related, Corporate, MBS (agency fixed-rate and hybrid ARM pass-throughs), ABS and CMBS sectors. Barclays Capital U.S. Government/Credit Bond Index, which is the non-securitized component of the Barclays Capital U.S. Aggregate Bond Index and includes treasuries (i.e., public obligations of the U.S. Treasury that have remaining maturities of more than one year), Government-authority issues (i.e., agency, sovereign, supranational, and local authority debt), and corporates. These indices are unmanaged and do not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.

		Average Annual Total Returns as of 3/31/12
Core Bond Fund		1 Year		3 Year		5 Year		10 Year
A Shares	without sales charge		9.29%		6.91%		6.87%		5.68%
	with sales charge*		4.08%		5.18%		5.84%		5.17%
R Shares^			8.83%		6.57%		6.35%		5.14%
I Shares			9.65%		7.24%		7.20%		6.04%
Barclays Capital U.S. Aggregate Bond Index			7.71%		6.83%		6.25%		5.80%
Barclays Capital U.S. Government/Credit Bond Index			8.53%		7.09%		6.26%		5.91%
Prospectus Expense Ratio1								Gross
A Shares									0.62%
R Shares									0.95%
I Shares									0.35%

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Share performance reflects the maximum front-end sales charge of 4.75%.

^ Effective at the close of business on 7/31/09, C Shares converted to R Shares and C Shares are no longer available for purchase. The performance shown prior to such date is based on the performance of the C Shares of the Fund and has not been adjusted to reflect R Shares expenses.

¹  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Investment Weightings (as of March 31, 2012)

as a percentage of investments

4

CORPORATE BOND FUND

Portfolio Managers

Ÿ James F. Keegan

Ÿ Adrien Webb, CFA

Ÿ Perry Troisi

INVESTMENT CONCERNS

Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.

Although the Fund’s yield may be higher than that of fixed income funds that purchase higher-rated securities, the potentially higher yield is a function of the greater risk that the Fund’s share price will decline.

International investing involves increased risk and volatility.

The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.

Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.

MANAGEMENT DISCUSSION OF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

For the 12 months ended March 31, 2012, the Corporate Bond Fund returned 9.10% (I Shares) versus 9.45% for the Barclays Capital U.S. Corporate Index (the “Index”).

What factors influenced the Fund’s performance for the period ended March 31, 2012?

The trailing 12-month underperformance is due to the rally in the riskier investment types in the first quarter of 2012, where more central bank liquidity inspired the riskiest stocks (high beta) and lowest quality bonds to outperform higher quality stocks and bonds. The Fund remains defensively positioned and thus lags the market in environments where excessive risk is rewarded. This defensive positioning in the Fund paid huge dividends for the 2011 calendar year where the Fund outperformed its benchmark by 72 basis points.

How do you plan to position the Fund, based on market conditions?

Central bank liquidity once again produced a risk rally in early 2012 as the European Central Bank (ECB) took center stage with a continuation of a program they introduced in late 2011. The ECB offered essentially unlimited three-year funding to banks across the Euro Zone in two separate operations over the last four months. While inciting a classic high beta/low quality rally, we fail to see any fundamental progress to warrant this repricing. Questions remain pertaining to the sustainability of the current growth trajectory and whether there have been “pull-forward” effects due to the mild winter.

We remain defensively positioned, overweighting the industrial sector while significantly underweighting the traditional banking sector. Bank balance sheets remain opaque and overleveraged globally. These institutions remain uniquely exposed to European contagion and a residential real estate market that is still under pressure. Little fundamental progress was made in the first quarter to address these critical issues.

5

CORPORATE BOND FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Barclays Capital U.S. Corporate Index, which covers U.S. dollar-denominated, investment grade, fixed-rate, taxable securities sold by industrial, utility and financial issuers. The Index includes publicly issued U.S. corporate and foreign debentures and secured notes that meet specified maturity, liquidity, and quality requirements. The Index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.

			Average Annual Total Returns as of 3/31/12
Corporate Bond Fund		Inception Date	1 Year			3 Year			5 Year			10 Year			Since Inception
A Shares	without sales charge	10/08/03		8.78	%		11.06	%		6.19	%		N/A			5.98	%
	with sales charge*			3.62	%		9.26	%		5.18	%		N/A			5.37	%
C Shares	without CDSC	11/30/01		8.05	%		10.31	%		5.46	%		5.57	%		N/A
	with CDSC*			7.07	%		10.31	%		5.46	%		5.57	%		N/A
I Shares		11/30/01		9.10	%		11.39	%		6.51	%		6.45	%		N/A
Barclays Capital U.S. Corporate Index				9.45	%		13.35	%		6.94	%		6.62	%		5.85	%
Prospectus Expense Ratio1															Gross
A Shares																0.83	%
C Shares																1.50	%
I Shares																0.52	%

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Share performance reflects the maximum front-end sales charge of 4.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.

¹  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Investment Weightings (as of March 31, 2012)

as a percentage of investments

6

GEORGIA TAX-EXEMPT BOND FUND

Portfolio Manager

Ÿ Chris Carter, CFA

INVESTMENT CONCERNS

Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.

The geographical concentration of portfolio holdings in the Fund may involve increased risk.

The Fund’s income may be subject to certain state and local taxes and, depending on your tax status, the federal alternative minimum tax.

The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.

Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.

MANAGEMENT DISCUSSION OF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

For the 12 months ended March 31, 2012, the Fund’s I Shares had a total return of 12.33% versus an average return of 11.84% for the funds classified in the Lipper Georgia Municipal Debt Objective and a 12.07% total return for the Barclays Capital U.S. Municipal Bond Index (the “Index”). The long end of the municipal yield curve, defined as 22-year and longer maturities, provided the greatest total return during the period, with total returns generally increasing as you progressed out the curve (according to Barclays Capital). Relative to the Index, the Fund maintains a higher allocation to the cash equivalent, 7-year, 20-year, and long bond sectors, and a lower allocation to all other maturity sectors, as of March 31, 2012. Additionally, relative to the Index, the Fund maintains an approximately neutral allocation to securities rated AAA and AA, a higher allocation to securities in the A rating category, and a lower allocation to securities in the BAA rating category. Trading activity and portfolio events during the period resulted in exposure to the 15-year and long bond sectors being increased. The 5-, 10-, and 30-year generic AAA rated municipal bond yields declined 79, 108, and 141 basis points (a basis point equals one hundredth of one percentage point) respectively, over the 12 months (according to Municipal Market Data Line).

What factors influenced the Fund’s performance for the period ended March 31, 2012?

Yield curve positioning contributed to the Fund’s outperformance for the period. Although the Fund began reducing exposure to the long end of the yield curve in the fourth quarter of 2010, the Fund still maintains an overweight of this maturity range relative to the Index. The long bond sector outperformed the 7-year sector by 1017 basis points for the 12 months ended March 31, 2012 (according to Barclays). Overweights of the hospital, education, and local general obligation sectors also contributed to the Fund’s outperformance.

How do you plan to position the Fund, based on market conditions?

With municipal supply likely to remain manageable this year, further investor flight-to-quality would likely increase the attractiveness of municipal bonds. Municipals as an asset class are relatively secure while offering among the highest after-tax returns over the past decade for those in the top marginal tax brackets. A reversion to higher income tax rates at the end of 2012 could further stoke investor demand by increasing the value of the municipal tax exemption. We will continue to make tactical adjustments to the Fund, periodically, as a part of an active portfolio management process. All activity will occur within an investment grade construct and the average credit quality of Fund holdings should remain high relative to its peers.

7

GEORGIA TAX-EXEMPT BOND FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Barclays Capital U.S. Municipal Bond Index, which covers the U.S. dollar-denominated long-term tax-exempt bond market. The Index has four main sectors: state and local general obligation bonds, revenue bonds, insured bonds, and prerefunded bonds. The Index is unmanaged and does not reflect the deduction of fees such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.

		Average Annual Total Returns as of 3/31/12
Georgia Tax-Exempt Bond Fund		1 Year		3 Year		5 Year		10 Year
A Shares	without sales charge		12.14%		6.16%		4.23%		4.31%
	with sales charge*		6.77%		4.45%		3.23%		3.81%
I Shares			12.33%		6.33%		4.37%		4.48%
Barclays Capital U.S. Municipal Bond Index			12.07%		7.70%		5.42%		5.46%
Prospectus Expense Ratio1								Gross
A Shares									0.76%
I Shares									0.61%

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Share performance reflects the maximum front-end sales charge of 4.75%.

¹  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Investment Weightings (as of March 31, 2012)

as a percentage of investments

8

HIGH GRADE MUNICIPAL BOND FUND

Portfolio Manager

Ÿ Ronald Schwartz, CFA

INVESTMENT CONCERNS

Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.

The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.

The geographical concentration of portfolio holdings in the Fund may involve increased risk.

The Fund’s income may be subject to certain state and local taxes and, depending on your tax status, the federal alternative minimum tax.

Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.

MANAGEMENT DISCUSSION OF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

For the 12 months ended March 31, 2012, the Fund’s I Shares had a total return of 13.43% versus an average return of 11.49% for the funds classified in the Lipper Insured Municipal Debt Objective and 12.07% total return for the Barclays Capital U.S. Municipal Bond Index (the “Index”). The long end of the municipal yield curve, defined as 22-year and longer maturities, provided the greatest total return during the period, with total returns generally increasing as you progressed out the curve (according to Barclays Capital). Relative to the Index, the Fund maintains a higher allocation to the cash equivalent, and maturities over 17 years and a lower allocation between 1-17 years as of March 31, 2012. Additionally, relative to the Index, the Fund maintains an overweight to AAA-rated securities, a neutral allocation to A-rated and lower allocation to AA and Baa versus the Index. The 5-, 10-, and 30-year generic AAA rated municipal bond yields declined 79, 108, and 141 basis points (a basis point equals one hundredth of one percentage point), respectively, over the 12 months (according to Municipal Market Data Line).

What factors influenced the Fund’s performance for the period ended March 31, 2012?

Yield curve positioning contributed to the Fund’s outperformance for the period versus the Index. The long bond sector outperformed the 7-year sector by 1017 basis points for the 12 months ended March 31, 2012 (according to Barclays). Overweights of the hospital, education, transportation and local general obligation sectors also contributed to the Fund’s outperformance. The Fund’s high quality bias was a drag on performance versus both the Index and the peer group. Barclays BBB-rated Index returned 17.61% for the period ended March 31, 2012, versus AAA Index return of 8.50% for the same period.

How do you plan to position the Fund, based on market conditions?

With municipal supply likely to remain manageable this year, further investor flight-to-quality would likely increase the attractiveness of municipal bonds. Municipals as an asset class are relatively secure while offering among the highest after-tax returns over the past decade for those in the top marginal tax brackets. A reversion to higher income tax rates at the end of 2012 could further stoke investor demand by increasing the value of the municipal tax exemption. We will continue to make tactical adjustments to the Fund, periodically, as a part of an active portfolio management process. All activity will occur within an investment grade construct and the average credit quality of Fund holdings should remain high relative to its peers and Index.

9

HIGH GRADE MUNICIPAL BOND FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Barclays Capital U.S. Municipal Bond Index, which covers the U.S. dollar-denominated long-term tax-exempt bond market. The Index has four main sectors: state and local general obligation bonds, revenue bonds, insured bonds, and prerefunded bonds. The Index is unmanaged and does not reflect the deduction of fees such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.

		Average Annual Total Returns as of 3/31/12
High Grade Municipal Bond Fund		1 Year		3 Year		5 Year		10 Year
A Shares	without sales charge		13.36%		8.31%		5.51%		4.90%
	with sales charge*		8.02%		6.58%		4.48%		4.39%
I Shares			13.43%		8.45%		5.67%		5.07%
Barclays Capital U.S. Municipal Bond Index			12.07%		7.70%		5.42%		5.46%
Prospectus Expense Ratio1								Gross
A Shares									0.87%
I Shares									0.71%

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Share performance reflects the maximum front-end sales charge of 4.75%.

¹  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Investment Weightings (as of March 31, 2012)

as a percentage of investments

10

HIGH INCOME FUND

Portfolio Managers

Ÿ Brian Nold, M.D.

INVESTMENT CONCERNS

Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.

Although the Fund’s yield may be higher than that of fixed income funds that purchase higher-rated securities, the potentially higher yield is a function of the greater risk that the Fund’s share price will decline.

The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.

Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.

MANAGEMENT DISCUSSION OF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

The 3.04% return of the High Income Fund (I Shares) for the twelve months ended March 31, 2012 lagged the 6.45% return of the Barclays Capital U.S. Corporate High Yield Bond Index (the “Index”) by 3.41%.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

The return shortfall was due to an overweighting in certain large, liquid Utility, Transportation and Gaming issuers that underperformed during quick cycles over the last year when investors were less willing to take risk. The prices of bonds from these issuers fell during technical sell off in the second half of 2011. When the “risk on” market sentiment returned in early 2012 (investors more willing to take risk), they outperformed and recovered a portion of the return lag. The negative factors were partially offset by the positive effects of favorable security selection in Telecom, Energy, Health Care and Technology.

How do you plan to position the Fund, based on market conditions?

The fundamentals of High Yield issuers remain solid. New issuance is on pace to register another exceptional year. The majority of the proceeds are being used to refinance shorter-maturity debt. Companies continue to be prudent. They are controlling costs and reining in merger and acquisition activity that might increase leverage. Balance sheets are still improving, leverage ratios are falling and rating agency upgrades are exceeding downgrades for the third straight year.

Given the strengthening of balance sheets, default rates are expected to remain low. After peaking at double digit rates during the credit crisis in 2008-2009, most analysts are forecasting default rates of 2.0% or below for the next two years. Compared to Treasuries, current interest rates more than compensate High Yield investors for the low level of expected defaults.

While we expect that, after a strong first quarter, the sector could experience some short-term volatility because of instability in the global economy, the condition of issuers leads us to the conclusion that, over the intermediate term, High Yield will earn its coupon plus some additional return from improving credit metrics. Therefore, we continue to be fully invested and to look for opportunities in companies that pass our rigorous credit process.

11

HIGH INCOME FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Barclays Capital U.S. Corporate High Yield Bond Index, which covers the U.S. dollar-denominated, non-investment grade, fixed-rate, taxable corporate bond market. Securities are classified as high yield if the middle rating of Moody’s, Fitch, and S&P is Ba1/BB+/BB+ or below. The Index excludes Emerging Markets debt. The Index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.

			Average Annual Total Returns as of 3/31/12
High Income Fund		Inception Date	1 Year		3 Year		5 Year		10 Year		Since Inception
A Shares	without sales charge	10/27/03		2.74%		23.32%		7.69%		N/A		8.73%
	with sales charge*			–2.09%		21.36%		6.64%		N/A		8.10%
R Shares^		05/04/94		2.25%		22.92%		7.17%		8.30%		N/A
I Shares		10/03/01		3.04%		23.72%		8.01%		9.16%		N/A
Barclays Capital U.S. Corporate High Yield Bond Index				6.45%		23.87%		8.10%		9.24%		8.65%
Prospectus Expense Ratio1											Gross
A Shares												1.01%
R Shares												1.41%
I Shares												0.71%

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Share performance reflects the maximum front-end sales charge of 4.75%.

^ Effective at the close of business on 7/31/09, C Shares converted to R Shares and C Shares are no longer available for purchase. The performance shown prior to such date is based on the performance of the C Shares of the Fund and has not been adjusted to reflect R Share expenses.

1 This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Investment Weightings (as of March 31, 2012)

as a percentage of investments

12

INTERMEDIATE BOND FUND

Portfolio Managers

Ÿ James F. Keegan

Ÿ Adrien Webb, CFA

Ÿ Perry Troisi

Ÿ Michael Rieger

Ÿ Seth Antiles, Ph.D

INVESTMENT CONCERNS

Mutual fund investing involves risk, including possible loss of principal. Bond funds will tend to experience smaller fluctuations in value than stock funds. However, investors in any bond fund should anticipate fluctuations in price, especially for longer-term issues and in environments of rising interest rates.

Mortgage-backed investments involve risk of loss due to prepayments and, like any bond, due to default. Because of the sensitivity of mortgage-related securities to changes in interest rates, the Fund’s performance may be more volatile than if it did not hold these securities.

Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.

MANAGEMENT DISCUSSION OF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

For the 12 months ended March 31, 2012, the Intermediate Bond Fund returned 6.45% (I Shares) versus 6.09% for the Barclays Capital Intermediate U.S. Government/Credit Bond Index (the “Index”). For the longer five-year period, the Fund has outpaced the Index at 6.33% versus 5.67% over five years.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

Performance over the last year was mostly influenced by how a fund was positioned in the third quarter of 2011, when many of the “riskier” investment types radically re-priced amidst the cross currents of an underperforming domestic economy and a banking and sovereign debt crisis in Europe. While the Fund was overweight non-Treasury sectors for all of 2011, our defensive positioning within those sectors was the key to our outperformance. Our flatter yield curve positioning paid significant dividends as the curve flattened dramatically over the past year. Opportunistic exposure to agency only residential mortgage-backed securities (RMBS) also contributed nicely to our outperformance.

How do you plan to position the Fund, based on market conditions?

Central bank liquidity once again produced a rally in the riskier investment types in early 2012 as the European Central Bank (ECB) took center stage with a continuation of a program they introduced in late 2011. The ECB offered essentially unlimited three-year funding to banks across the Euro Zone in two separate operations over the last four months. While inciting a classic rally in the riskiest stocks and lowest quality bonds, we fail to see any fundamental progress to warrant this repricing. Questions remain pertaining to the sustainability of the current growth trajectory and whether there have been “pull-forward” effects due to the mild winter.

We remain overweight corporate bonds but only modestly so relative to recent years. The positioning remains defensive, overweighting the industrial sector while significantly underweighting the traditional banking sector. While still opportunistically overweight RMBS we did take some profits in the most recent quarter, having seen certain segments achieve relatively rich valuations. This is all consistent with our “safe income at a reasonable price” theme repeatedly emphasized over the last year.

Given the significant yield curve flattening over the last year we elected to take some profits and somewhat normalize our curve position in late 2011. While still modestly positioned for a flatter curve, it is a much smaller trade in 2012, as the curve is much closer to its trailing 10 year average than it was one year ago.

13

INTERMEDIATE BOND FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Barclays Capital Intermediate U.S. Government/Credit Bond Index, which measures the performance of U.S. dollar-denominated U.S. Treasuries, government-related (the U.S. and foreign agencies, sovereign, supranational and local authority debt), and investment-grade credit securities that have a remaining maturity of greater than or equal to 1 year and less than 10 years, and have $250 million or more of outstanding face value. In addition, the securities must be fixed rate and non-convertible securities. The Index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.

			Average Annual Total Returns as of 3/31/12
Intermediate Bond Fund		Inception Date†	1 Year		3 Year		5 Year		10 Year
A Shares	without sales charge	06/30/99		6.26%		5.19%		6.09%		5.16%
	with sales charge*			1.18%		3.50%		5.06%		4.65%
R Shares		06/30/99		5.72%		4.74%		5.57%		4.74%
I Shares		06/30/99		6.45%		5.42%		6.33%		5.37%
Barclays Capital Intermediate U.S. Government/Credit Bond Index				6.09%		5.88%		5.67%		5.29%
Prospectus Expense Ratio1									Gross
A Shares										0.60%
R Shares										1.10%
I Shares										0.34%

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Share performance reflects the maximum front-end sales charge of 4.75%.

† A Shares and R Shares were offered beginning on 10/11/04. The performance shown prior to such date for A Shares and R Shares is based on the performance of the Class I Shares of the Seix Intermediate Bond Fund, an open-end investment company that was the predecessor fund to the Intermediate Bond Fund and performance is based on the performance of I Shares. During the period 10/16/07 through 1/17/08, R Shares did not have any shareholders. Historical performance based on the predecessor fund or on the I Shares has not been adjusted to reflect A Share or R Share expenses. If it had been, the performance would have been lower.

1 This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Investment Weightings (as of March 31, 2012)

as a percentage of investments

14

INVESTMENT GRADE TAX-EXEMPT BOND FUND

Portfolio Manager

Ÿ Ronald Schwartz, CFA

INVESTMENT CONCERNS

Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.

The Fund’s income may be subject to certain state and local taxes and, depending on your tax status, the federal alternative minimum tax.

The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.

Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.

MANAGEMENT DISCUSSION OF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

For the 12 months ended March 31, 2012, the Fund’s I Shares had a total return of 10.62% versus an average return of 9.20% for the funds classified in the Lipper Intermediate Municipal Debt Objective and 8.91% total return for the Barclays Capital U.S. Municipal Bond 1-15 Year Blend Index (the “Index”). The long end of the municipal yield curve, defined as 22-year and longer maturities, provided the greatest total return during the period, with total returns generally increasing as you progressed out the curve (according to Barclays Capital). Relative to the Index, the Fund maintains a higher allocation to the cash equivalent, 6-8 year maturity bucket and 12 years and longer as of March 31, 2012. Additionally, relative to the Index, the Fund maintains an overweight to AAA-rated securities while underweight to lower-rated investment grade paper. The 5-, 10-, and 30-year generic AAA-rated municipal bond yields declined 79, 108, and 141 basis points (a basis point equals one hundredth of one percentage point), respectively, over the 12 months (according to Municipal Market Data Line).

What factors influenced the Fund’s performance for the period ended March 31, 2012?

Yield curve positioning contributed to the Fund’s outperformance for the period versus the Index. The long bond sector outperformed the 7-year sector by 1017 basis points for the 12 months ended March 31, 2012 (according to Barclays). Overweights of the hospital, education, transportation and local general obligation sectors also contributed to the Fund’s outperformance. The Fund’s high quality bias was a drag on performance versus both the Index and the peer group. Barclays BBB-rated Index returned 17.61% for the period ended March 31, 2012, versus AAA Index return of 8.50% for the same period.

How do you plan to position the Fund, based on market conditions?

With municipal supply likely to remain manageable this year, further investor flight-to-quality would likely increase the attractiveness of municipal bonds. Municipals as an asset class are relatively secure while offering among the highest after-tax returns over the past decade for those in the top marginal tax brackets. A reversion to higher income tax rates at the end of 2012 could further stoke investor demand by increasing the value of the municipal tax exemption. We will continue to make tactical adjustments to the Fund, periodically, as a part of an active portfolio management process. All activity will occur within an investment grade construct and the average credit quality of Fund holdings should remain high relative to its peers and Index.

15

INVESTMENT GRADE TAX-EXEMPT BOND FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Barclays Capital U.S. Municipal Bond 1-15 Year Blend Index is composed of tax-exempt bonds with maturities ranging between 1 and 15 years. The Index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.

		Average Annual Total Returns as of 3/31/12
Investment Grade Tax-Exempt Bond Fund		1 Year		3 Year		5 Year		10 Year
A Shares	without sales charge		10.33%		6.64%		5.62%		4.97%
	with sales charge*		5.10%		4.92%		4.60%		4.46%
I Shares			10.62%		6.94%		5.93%		5.32%
Barclays Capital U.S. Municipal Bond 1-15 Year Blend Index			8.91%		6.07%		5.49%		5.11%
Prospectus Expense Ratio1								Gross
A Shares									0.87%
I Shares									0.59%

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Share performance reflects the maximum front-end sales charge of 4.75%.

¹  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Investment Weightings (as of March 31, 2012)

as a percentage of investments

16

LIMITED DURATION FUND

Portfolio Managers

Ÿ James F. Keegan

Ÿ Adrien Webb, CFA

Ÿ Perry Troisi

Ÿ Michael Rieger

Ÿ Seth Antiles, Ph.D

INVESTMENT CONCERNS

Mutual fund investing involves risk, including possible loss of principal. Bond funds will tend to experience smaller fluctuations in value than stock funds. However, investors in any bond fund should anticipate fluctuations in price, especially for longer-term issues and in environments of rising interest rates.

Mortgage-backed investments involve risk of loss due to prepayments and, like any bond, due to default. Because of the sensitivity of mortgage-related securities to changes in interest rates, the Fund’s performance may be more volatile than if it did not hold these securities.

Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.

MANAGEMENT DISCUSSION OF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

For the 12 months ended March 31, 2012, the Limited Duration Fund returned 0.58% (I Shares), versus 0.06% for the Bank of America Merrill Lynch 3 Month U.S. Treasury Bill Index (the “Index”).

What factors influenced the Fund’s performance for the period ended March 31, 2012?

Income was the performance driver again as the Fund was invested in a variety of short average life securitized assets that offer attractive spreads.

How do you plan to position the Fund, based on market conditions?

Central bank liquidity once again produced a rally in the riskier investment types in early 2012 as the European Central Bank (ECB) took center stage with a continuation of a program they introduced in late 2011. The ECB offered essentially unlimited three-year funding to banks across the Euro Zone in two separate operations over the last four months. While inciting a classic rally in the riskiest stocks and lowest quality bonds, we fail to see any fundamental progress to warrant this repricing. Questions remain pertaining to the sustainability of the current growth trajectory and whether there have been “pull-forward” effects due to the mild winter.

Amidst the ongoing cross currents of a sub-par economic recovery and repeated central bank intervention, we remain conservatively positioned. This is consistent with our “safe income at a reasonable price” theme repeatedly emphasized over the last year.

17

LIMITED DURATION FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 10/25/02 (inception date). Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Bank of America Merrill Lynch 3 Month U.S. Treasury Bill Index, which tracks the monthly price-only and total return performance of a three-month Treasury bill, based on monthly average auction rates. The Index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.

		Average Annual Total Returns as of 3/31/12
Limited Duration Fund	Inception Date	1 Year		3 Year		5 Year		Since Inception
I Shares†	10/25/02		0.58%		1.54%		1.42%		1.97%
Bank of America Merrill Lynch 3 Month U.S. Treasury Bill Index			0.06%		0.13%		1.24%		1.91%	*
Prospectus Expense Ratio1								Gross
I Shares									0.22%

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

† I Shares were offered beginning on 10/11/04. The performance shown prior to such date is based on the performance of the Seix Limited Duration Fund, an open-end investment company that was the predecessor fund to the Limited Duration Fund

* The performance return and the hypothetical $10,000 investment for the Bank of America Merrill Lynch 3 Month U.S. Treasury Bill Index is for the period from 10/31/02 to 3/31/12.

1 This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Investment Weightings (as of March 31, 2012)

as a percentage of investments

18

LIMITED-TERM FEDERAL MORTGAGE SECURITIES FUND

Portfolio Managers

Ÿ James F. Keegan

Ÿ Perry Troisi

Ÿ Adrien Webb, CFA

Ÿ Michael Rieger

Ÿ Seth Antiles, Ph.D

INVESTMENT CONCERNS

Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.

U.S. Government guarantees apply only to the underlying securities of the Fund’s portfolio and not the Fund’s shares.

The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.

Mortgage-backed investments involve risk of loss due to prepayments and, like any bond, due to default. Because of the sensitivity of mortgage-related securities to changes in interest rates, the Fund’s performance may be more volatile than if it did not hold these securities.

Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.

MANAGEMENT DISCUSSION OF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

For the 12 months ended March 31, 2012, the Limited-Term Federal Mortgage Securities Fund returned 7.01% (I Shares) versus 6.21% for the Barclays Capital U.S. Mortgage Backed Securities Index (the “Index”). For the longer 3-year period, the Fund has outpaced the Index returning 5.71% versus 5.26%.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

Over the last year, performance was primarily driven by the Fund’s usage of collateralized mortgage obligations (CMOs) in lieu of 30-year current coupon pass-through exposure. CMOs with longer-term cash flows, backed largely by 15-year 3% and 3.5% collateral, were added to the Fund in early 2011. This longer, more convex structure was a solid complement to our higher coupon bias on the traditional coupon stack. This combination offered a portfolio with attractive yield that also participated in the treasury rate rally witnessed in the second half of 2011.

How do you plan to position the Fund, based on market conditions?

Central bank liquidity once again produced a rally in the riskier investment types in early 2012 as the European Central Bank (ECB) took center stage with a continuation of a program they introduced in late 2011. The ECB offered essentially unlimited three-year funding to banks across the Euro Zone in two separate operations over the last four months. While inciting a classic rally in the riskiest stocks and lowest quality bonds, we fail to see any fundamental progress to warrant this repricing. Questions remain pertaining to the sustainability of the current growth trajectory and whether there have been “pull-forward” effects due to the mild winter.

We remain overweight structure (CMOs) in addition to modest commercial mortgage-backed securities (CMBS) exposure. We still prefer this more convex, or defensive posture, amidst the ongoing volatility in the capital markets. Continued speculation about the potential for more quantitative easing from the Federal Reserve and the role the mortgage market may play in such action only adds to the volatility.

19

LIMITED-TERM FEDERAL MORTGAGE SECURITIES FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Barclays Capital U.S. Mortgage Backed Securities Index, which covers agency mortgage-backed pass-through securities (both fixed-rate and hybrid ARM) issued by Ginnie Mae (GNMA), Fannie Mae (FNMA), and Freddie Mac (FHLMC). The Index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.

		Average Annual Total Returns as of 3/31/12
Limited-Term Federal Mortgage Securities Fund		1 Year		3 Year		5 Year		10 Year
A Shares	without sales charge		6.81%		5.51%		5.74%		4.50%
	with sales charge*		4.15%		4.63%		5.21%		4.23%
C Shares	without CDSC		5.94%		4.66%		4.89%		3.81%
	with CDSC*		4.94%		4.66%		4.89%		3.81%
I Shares			7.01%		5.71%		5.94%		4.72%
Barclays Capital U.S. Mortgage Backed Securities Index			6.21%		5.26%		6.33%		5.65%
Prospectus Expense Ratio1								Gross
A Shares									1.04%
C Shares									1.85%
I Shares									0.83%

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Share performance reflects the maximum front-end sales charge of 2.50% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.

¹  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Investment Weightings (as of March 31, 2012)

as a percentage of investments

20

NORTH CAROLINA TAX-EXEMPT BOND FUND

Portfolio Manager

Ÿ Chris Carter, CFA

INVESTMENT CONCERNS

Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.

The geographical concentration of portfolio holdings in this Fund may involve increased risk.

The Fund’s income may be subject to certain state and local taxes and, depending on your tax status, the federal alternative minimum tax.

The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.

Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.

MANAGEMENT DISCUSSION OF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

For the 12 months ended March 31, 2012, the Fund’s I Shares had a total return of 11.51% versus an average return of 13.40% for the funds classified in the Lipper North Carolina Municipal Debt Objective and a 12.07% total return for the Barclays Capital U.S. Municipal Bond Index (the “Index”). The long end of the municipal yield curve, defined as 22-year and longer maturities, provided the greatest total return during the period, with total returns generally increasing as you progressed out the curve (according to Barclays Capital). Relative to the Index, the Fund maintains a higher allocation to the cash equivalent, 3-year, 20-year, and long bond sectors, and a lower allocation to all other maturity sectors, as of March 31, 2012. Additionally, relative to the Index, the Fund maintains a higher allocation to securities rated AAA and A and a lower allocation to all other rating categories. Trading activity and portfolio events during the period resulted in exposure to the less than 1-year, 3-year, 20-year, long bond sectors being increased. The 5-, 10-, and 30-year generic AAA-rated municipal bond yields declined 79, 108, and 141 basis points (a basis point equals one hundredth of one percentage point) respectively, over the 12 months (according to Municipal Market Data Line).

What factors influenced the Fund’s performance for the period ended March 31, 2012?

The Fund’s more conservative approach was punitive during the period and led to underperformance relative to most of our peers. The Fund underperformed the Index by a much narrower margin. Although the Fund began reducing exposure to the long end of the yield curve in the fourth quarter of 2010, the Fund still maintains an overweight of this maturity range relative to the Index. The long bond sector outperformed the 7-year sector by 1017 basis points for the 12 months ended March 31, 2012 (according to Barclays). Many peers had a greater level of exposure to longer maturities. In addition, the Fund holds fewer BBB-rated bonds than many of its peers. BBB-rated securities outperformed AAA-rated securities by 911 basis points during the period (according to Barclays).

How do you plan to position the Fund, based on market conditions?

With municipal supply likely to remain manageable this year, further investor flight-to-quality would likely increase the attractiveness of municipal bonds. Municipals as an asset class are relatively secure while offering among the highest after-tax returns over the past decade those in the top marginal tax brackets. A reversion to higher income tax rates at the end of 2012 could further stoke investor demand by increasing the value of the municipal tax exemption. We will continue to make tactical adjustments to the Fund, periodically, as a part of an active portfolio management process. All activity will occur within an investment grade construct and the average credit quality of Fund holdings should remain high relative to its peers.

21

NORTH CAROLINA TAX-EXEMPT BOND FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 1/8/04 (inception date). Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Barclays Capital U.S. Municipal Bond Index, which covers the U.S. dollar-denominated long-term tax-exempt bond market. The Index has four main sectors: state and local general obligation bonds, revenue bonds, insured bonds, and prerefunded bonds. The Index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.

			Average Annual Total Returns as of 3/31/12
North Carolina Tax-Exempt Bond Fund		Inception Date†	1 Year		3 Year		5 Year		Since Inception
A Shares	without sales charge	01/08/04		11.47%		6.37%		4.36%		4.02%
	with sales charge*			6.20%		4.65%		3.35%		3.40%
I Shares		01/08/04		11.51%		6.52%		4.51%		4.08%
Barclays Capital U.S. Municipal Bond Index				12.07%		7.70%		5.42%		4.94%	1
Prospectus Expense Ratio2									Gross
A Shares										0.79%
I Shares										0.64%

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Share performance reflects the maximum front-end sales charge of 4.75%.

† I Shares and A Shares were offered beginning on 3/21/05. The performance shown prior to such date for I Shares and A Shares is based on the performance of the CCMI Tax- Exempt North Carolina Bond Fund, the predecessor fund. Historical performance has not been adjusted to reflect A Share expenses. If it had been, the performance would have been lower.

1 The performance return and the hypothetical $10,000 investment for the Barclays Capital U.S. Municipal Bond Index is for the period from 12/31/03 to 3/31/12.

2 This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Investment Weightings (as of March 31, 2012)

as a percentage of investments

22

SEIX FLOATING RATE HIGH INCOME FUND

Portfolio Managers

Ÿ George Goudelias

INVESTMENT CONCERNS

Mutual fund investing involves risk, including possible loss of principal. Bond funds will tend to experience smaller fluctuations in value than stock funds. However, investors in any bond fund should anticipate fluctuations in price, especially for longer-term issues and in environments of rising interest rates.

Although the Fund’s yield may be higher than that of fixed income funds that purchase higher-rated securities, the potentially higher yield is a function of the greater risk that the Fund’s share price will decline.

Floating rate loans are typically senior and secured, in contrast to other below-investment grade securities. However, there is no guarantee that the value of the collateral will not decline, causing a loan to be substantially unsecured. Loans generally are subject to restrictions on resale, and they sometimes trade infrequently in the secondary market. Certain types of loans may limit the ability of the Fund to enforce its rights and may involve assuming additional credit risks.

Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.

MANAGEMENT DISCUSSIONOF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

The 3.31% return of the Seix Floating Rate High Income Fund (I Shares) for the twelve months ended March 31, 2012 lagged the 3.58% return of the Credit Suisse First Boston (“CSFB”) Institutional Leveraged Loan Index (the “Index”) by 0.27%.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

The slight return shortfall was due to an overweighting in certain large, liquid Telecom and Utility issuers along with an underweighting in the Service and Food industries in early 2012. Nearly offsetting these negative factors was positive security selection in Gaming, Health Care, Technology and Broadcasting.

How do you plan to position the Fund, based on market conditions?

The fundamentals of Bank Loan issuers remain solid. Companies continue to be prudent. They are controlling costs and reining in merger and acquisition activity that might increase leverage. Balance sheets are still improving, leverage ratios are falling and rating agency upgrades are exceeding downgrades for the third straight year. While year-to-date new issuance is above 2011’s level for the entire year, the majority of proceeds have been used to refinance existing loans and demand from collateralized loan obligations (CLOs) has accounted for the rest. Reemerging CLO production is on pace to register the best year since 2006.

Given the strengthening of balance sheets, default rates are expected to remain low. After peaking at double digit rates during the credit crisis in 2008-09, most analysts are forecasting default rates of 1.0% or below for the next two years. Compared to LIBOR, current interest rates more than compensate Bank Loan investors for the low level of expected defaults. We expect that, after a strong first quarter, the sector could experience some short-term volatility. The condition of issuers leads us to the conclusion that, over the intermediate term, Bank Loans will earn their coupon plus some additional return from improving credit metrics. Therefore, we continue to be fully invested and to look for opportunities in companies that pass our rigorous credit process.

23

SEIX FLOATING RATE HIGH INCOME FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/1/06 (inception date). Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The CSFB Institutional Leveraged Loan Index is a market value-weighted index designed to represent the investable universe of the USD-denominated leveraged loan market. The Index reflects reinvestment of all distributions and changes and market prices. CSFB Institutional Leveraged Loan Index is a subindex of the CSFB Leveraged Loan Index which contains only institutional loan facilities priced above 90, excluding Term Loan and Term Loan-A facilities and loans rated CC, C or in default. It is designed to more closely reflect the investment criteria of institutional investments. These indices are unmanaged and do not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.

			Average Annual Total Returns as of 3/31/12
Seix Floating Rate High Income Fund		Inception Date†	1 Year		3 Year		5 Year		Since Inception
A Shares	without sales charge	03/01/06		3.05%		12.06%		3.51%		4.07%
	with sales charge*			0.49%		11.12%		2.98%		3.64%
C Shares	without CDSC	03/01/06		2.26%		11.37%		2.91%		3.60%
	with CDSC*			1.28%		11.37%		2.91%		3.60%
I Shares		03/01/06		3.31%		12.45%		3.84%		4.38%
CSFB Institutional Leveraged Loan Index				3.58%		7.70%		1.46%		2.53%	**
Prospectus Expense Ratio1									Gross
A Shares										0.85%
C Shares										1.51%
I Shares										0.52%

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Share performance reflects the maximum front-end sales charge of 2.50% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.

† The A Shares and C Shares were offered beginning on 5/8/06 and 8/2/07, respectively. The performance shown prior to such dates is based on the performance of the I Shares of the Fund, and has not been adjusted to reflect A Share or C Share expenses. If it had been, the performance would have been lower.

** The performance return and the hypothetical $10,000 investment for the CSFB Institutional Leveraged Loan Index is for the period from 2/28/06 to 3/31/12.

1 This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Investment Weightings (as of March 31, 2012)

as a percentage of investments

24

SEIX HIGH YIELD FUND

Portfolio Managers

Ÿ Michael Kirkpatrick

Ÿ Brian Nold, M.D.

INVESTMENT CONCERNS

Mutual fund investing involves risk, including possible loss of principal. Bond funds will tend to experience smaller fluctuations in value than stock funds. However, investors in any bond fund should anticipate fluctuations in price, especially for longer-term issues and in environments of rising interest rates.

Although the Fund’s yield may be higher than that of fixed income funds that purchase higher-rated securities, the potentially higher yield is a function of the greater risk that the Fund’s share price will decline.

Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.

MANAGEMENT DISCUSSIONOF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

The 3.44% return of the Seix High Yield Fund (I Shares) for the twelve months ended March 31, 2012 lagged the 6.19% return of the Bank of America Merrill Lynch BB-B U.S. High Yield Constrained Index (the “Index”) by 2.75%.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

The return shortfall was due to an overweighting in certain large, liquid Utility, Finance, Telecommunication and Transportation issuers that underperformed during the quick cycles over the last year when investors were less willing to take risk. The prices of bonds from these issuers fell during technical sell off in the second half of 2011. When the “risk on” market sentiment returned in early 2012 (investors were more willing to take risk), they outperformed and recovered a portion of the underperformance in the second half of 2011. The negative factors were partially offset by the positive effects of favorable security selection in Health Care and Energy.

How do you plan to position the Fund, based on market conditions?

The fundamentals of High Yield issuers remain solid. New issuance is on pace to register another exceptional year. The majority of the proceeds are being used to refinance shorter maturity debt. Companies continue to be prudent. They are controlling costs and reining in merger and acquisition activity that might increase leverage. Balance sheets are still improving, leverage ratios are falling and rating agency upgrades are exceeding downgrades for the third straight year.

Given the strengthening of balance sheets, default rates are expected to remain low. After peaking at double digit rates during the credit crisis in 2008-09, most analysts are forecasting default rates of 2.0% or below for the next two years. Compared to Treasuries, current interest rates more than compensate High Yield investors for the low level of expected defaults.

While we expect that, after a strong first quarter, the sector could experience some short-term volatility because of instability in the global economy, the condition of issuers leads us to the conclusion that, over the intermediate term, High Yield will earn its coupon plus some additional return from improving credit metrics. Therefore, we continue to be fully invested and to look for opportunities in companies that pass our rigorous credit process.

25

SEIX HIGH YIELD FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Bank of America Merrill Lynch BB-B U.S. High Yield Constrained Index, which tracks the performance of BB1 through B3 USD-denominated corporate bonds publicly issued in the U.S. domestic market and is restricted to a maximum of 2% per issuer. The Index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.

			Average Annual Total Returns as of 3/31/12
Seix High Yield Fund		Inception Date†	1 Year1		3 Year		5 Year		10 Year
A Shares	without sales charge	12/29/00		3.21%		16.38%		5.91%		6.89%
	with sales charge*			–1.69%		14.49%		4.89%		6.36%
R Shares^		12/29/00		2.69%		15.79%		5.22%		6.41%
I Shares		12/29/00		3.44%		16.58%		6.05%		7.08%
Bank of America Merrill Lynch BB-B U.S. High Yield Constrained Index				6.19%		19.98%		7.23%		8.23%
Prospectus Expense Ratio1									Gross
A Shares										0.77%
R Shares										1.20%
I Shares										0.51%

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Share performance reflects the maximum front-end sales charge of 4.75%.

^†  The I Shares, A Shares and R Shares were offered beginning on 10/11/04. The performance shown prior to such date is based on the performance of the Class I Shares of the Seix High Yield Fund, an open-end investment company that was the predecessor fund to the Seix High Yield Fund. The historical performance has not been adjusted to reflect A Share or R Share expenses. If it had been, the performance would have been lower.

^ Effective at the close of business on 7/31/09, C Shares converted to R Shares and C Shares are no longer available for purchase. The performance shown prior to such date is based on the performance of the C Shares of the Fund and has not been adjusted to reflect R Share expenses.

¹  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Investment Weightings (as of March 31, 2012)

as a percentage of investments

26

SHORT-TERM BOND FUND

Portfolio Managers

Ÿ H. Rick Nelson

Ÿ Chad K. Stephens

INVESTMENT CONCERNS

Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.

The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.

Mortgage-backed investments involve risk of loss due to prepayments and, like any bond, due to default. Because of the sensitivity of mortgage-related securities to changes in interest rates, the Fund’s performance may be more volatile than if it did not hold these securities.

Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.

MANAGEMENT DISCUSSION OF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

The Fund outperformed its benchmark index, the Barclays Capital 1-3 Year Government/Credit Index (the “Index”). The Fund (I Shares) generated a return of 2.60% for the period ended March 31, 2012, while the Index return was 1.78% over the same period. With the exception of the third quarter of 2011, the Fund outperformed its Index each quarter over the last 12 months.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

Total return in the Fund was driven both by income and price appreciation. Interest rates declined over the past twelve months with the two-year Treasury yields declining 50 basis points from 0.82% to 0.32% as of March 31, 2012.

Corporate credit spreads widened during the third and early in the fourth quarters of 2011 before rebounding during the first quarter of 2012. The financial sector was the most volatile stemming from fears of European credit exposure as well as an unclear regulatory environment. Yet when the results of the Federal Reserve’s Stress Tests were released, the majority of the largest commercial banks were shown to have historically strong capital ratios, improving asset quality and healthy levels of liquidity. Credit spreads on financials tightened as the market digested the news. Credit exposure in the Fund was also managed by exiting European based financial and industrial credits during 2011.

In securitized assets, U.S. Government Agency residential and commercial mortgage-backed securities performed well, benefiting both from spread tightening and relatively high coupon income on the securities. Asset-backed securities held in the Fund, predominantly auto loan and credit card receivable backed bonds, also benefited from spread tightening over the past twelve months. Finally, credit spreads on non-agency commercial mortgage-backed securities (CMBS) were volatile; spread widening during the third and fourth quarters of 2011 hurt performance though the spread tightening in the first quarter of 2012 resulted in overall modest price appreciation.

How do you plan to position the Fund, based on market conditions?

We look to keep a short to neutral duration stance as risks remain higher for longer duration assets in a rising rate environment. We also feel that a neutral, laddered position is warranted given that shifts and twists in the curve may be short-lived and range-bound over the coming months.

We look to maintain limited exposure to U.S. Treasuries. As historically low rates linger, investors are only offered asymmetrical return potential: limited upside along with little coupon to insulate against the potential of rising rates. We will continue with our bias towards lower beta corporate credits such as non-cyclical industrials and companies with transparent and consistent earnings potential. Within securitized assets, we continue to overweight Agency and non-Agency CMBS credits, which aided performance in the quarter. Securitized assets could face a headwind should interest rates begin to rise. We continue to seek lower premium, lower coupon and floating rate mortgage-backed security credits to provide protection from rising rates and refinancing risk.

27

SHORT-TERM BOND FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Barclays Capital 1-3 Year Government/Credit Index. The Barclays Capital 1-3 Year Government/Credit Index is the 1-3 year component of the U.S. Government/Credit index. The Barclays Index includes securities in the Barclays Capital Government and Credit Indices. The Government Index includes treasuries (i.e., public obligations of the U.S. Treasury that have remaining maturities of more than one year) and agencies (i.e., publicly issued debt of U.S. Government agencies, quasi-federal corporations, and corporate or foreign debt guaranteed by the U.S. Government). The Credit Index includes publicly issued U.S. corporate and foreign debentures and secured notes that meet specified maturity, liquidity, and quality requirements. The Index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.

		Average Annual Total Returns as of 3/31/12
Short-Term Bond Fund		1 Year		3 Year		5 Year		10 Year
A Shares	without sales charge		2.32%		4.41%		3.46%		3.10%
	with sales charge*		–0.28%		3.54%		2.94%		2.83%
C Shares	without CDSC		1.48%		3.62%		2.64%		2.44%
	with CDSC*		0.48%		3.62%		2.64%		2.44%
I Shares			2.60%		4.66%		3.69%		3.33%
Barclays Capital 1-3 Year Government/Credit Index			1.78%		2.66%		3.77%		3.66%
Prospectus Expense Ratio1								Gross
A Shares									0.67%
C Shares									1.47%
I Shares									0.48%

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Share performance reflects the maximum front-end sales charge of 2.50% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.

¹  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Investment Weightings (as of March 31, 2012)

as a percentage of investments

28

SHORT-TERM MUNICIPAL BOND FUND^†

Portfolio Manager

Ÿ Ronald Schwartz, CFA

Ÿ Dusty L. Self

INVESTMENT CONCERNS

Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.

The geographical concentration of portfolio holdings in this fund may involve increased risk.

The Fund’s income may be subject to certain state and local taxes and, depending on your tax status, the federal alternative minimum tax.

The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.

Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.

MANAGEMENT DISCUSSION OF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

For the 12 months ended March 31, 2012, the Fund’s I Shares had a total return of 10.16% versus an average return of 12.13% for the funds classified in the Lipper Maryland Municipal Debt Objective and 12.07% total return for the Barclays Capital U.S. Municipal Bond Index (the “Index”). The long end of the municipal yield curve, defined as 22-year and longer maturities, provided the greatest total return during the period, with total returns generally increasing as you progressed out the curve (according to Barclays Capital). Relative to the Index the Fund maintains a higher allocation to the cash equivalent and 1- 12 years as of March 31, 2012. Additionally, relative to the Index, the Fund maintains an overweight to AAA-rated securities while underweight the lower-rated investment grade paper. The 5, 10, and 30-year generic AAA-rated municipal bond yields declined 79, 108, and 141 basis points (a basis point equals one hundredth of one percentage point) respectively, over the 12 months (according to Municipal Market Data Line).

What factors influenced the Fund’s performance for the period ended March 31, 2012?

The Fund underperformed both the Index and the Lipper Maryland category as a result of duration being shorter than both the Index and the peer group. Yield curve positioning was a detriment to the performance as the long bond sector outperformed the 7-year sector by 1017 basis points for the 12 months ended March 31, 2012 (according to Barclays). The Index is more heavily weighted in longer maturities (67% greater than 17 years) while the Fund was 85% weighted in maturities of less than 10 years. A significant overweight of higher credits versus the Index was drag on performance. The Fund was 61% AAA versus the Index at 20%; and the Fund had no A or BBB exposure. Barclays BBB-rated Index returned 17.61% for the period ended March 31, 2012, versus AAA Index return of 8.50% for the same period.

How do you plan to position the Fund, based on market conditions?

As of April 7, 2012, the Fund became the Short-Term Municipal Bond Fund. With municipal supply likely to remain manageable this year, further investor flight-to-quality would likely increase the attractiveness of municipal bonds. Municipals as an asset class are relatively secure while offering among the highest after-tax returns over the past decade for those in the top marginal tax brackets. A reversion to higher income tax rates at the end of 2012 could further stoke investor demand by increasing the value of the municipal tax exemption. We will continue to make tactical adjustments to the Fund, periodically, as a part of an active portfolio management process. All activity will occur within an investment grade construct.

† Formerly Maryland Municipal Bond Fund (See Notes to Financial Statements).

29

SHORT-TERM MUNICIPAL BOND FUND†

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   Effective April 9, 2012 the benchmark index for the Fund changed from the Barclays Capital U.S. Municipal Bond Index to the Barclays Capital 1-5 Year Municipal Bond Index. Management believes the Barclays Capital 1-5 Year Municipal Bond Index better reflects the Short-Term Municipal Bond Fund’s investment style.   The Fund’s performance is compared to Barclays Capital U.S. Municipal Bond Index and the Barclays Capital 1-5 Year Municipal Bond Index. The Barclays Capital U.S. Municipal Bond Index covers the U.S. dollar- denominated long-term tax-exempt bond market. The index has four main sectors: state and local general obligation bonds, revenue bonds, insured bonds, and prerefunded bonds. The Barclays Capital 1-5 Year Municipal Bond Index covers investment grade tax-exempt municipal bonds with maturities of 1-6 years. The indices are unmanaged and do not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.

		Average Annual Total Returns as of 3/31/12
Short-Term Municipal Bond Fund†		1 Year		3 Year		5 Year		10 Year
A Shares*	without sales charge		10.00%		6.07%		4.80%		4.75%
	with sales charge**		4.74%		4.36%		3.78%		4.25%
I Shares			10.16%		6.21%		4.88%		4.79%
Barclays Capital 1-5 Year Municipal Bond Index			3.37%		3.11%		4.15%		3.62%
Barclays Capital U.S. Municipal Bond Index			12.07%		7.70%		5.42%		5.46%
Prospectus Expense Ratio1								Gross
A Shares									0.64%
I Shares									0.49%

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

^†  Formerly Maryland Municipal Bond Fund

* Prior to August 1, 2009, there were no assets in Class A Shares. The performance shown prior to such date is based on the performance of the I Shares of the Fund and has not been adjusted to reflect A Shares expenses. If it had been, performance would have been lower.

** Class A Shares performance reflects the maximum front-end sales charge of 4.75%.

¹  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Investment Weightings (as of March 31, 2012)

as a percentage of investments

30

SHORT-TERM U.S. TREASURY SECURITIES FUND

Portfolio Managers

Ÿ H. Rick Nelson

Ÿ Chad K. Stephens

INVESTMENT CONCERNS

Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.

U.S. Government guarantees apply only to the underlying securities of the Fund’s portfolio and not the Fund’s shares.

The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.

Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.

MANAGEMENT DISCUSSION OF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

The Fund underperformed its benchmark index, the Barclays Capital 1-3 Year U.S. Treasury Index (the “Index”). The Fund (I Shares) generated a return of 0.96% for the period ended March 31, 2012 while the Index return was 1.45% over the same period. The Fund underperformed its benchmark in each quarter over the last 12 months.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

The Fund’s return was driven by low short-term U.S Treasury yields anchored by an accommodative Federal Reserve (the “Fed”) monetary policy. The Fed maintained the overnight Federal Funds rate at 0.00%—0.25% during the past twelve months, which locked short-term U.S. Treasury yield at historic low levels. In fact, even on the short end of the Treasury yield curve, rates rallied modestly over the past twelve months. The three-year Treasury note yield declined from 1.30% to 0.50%, while the six month U.S. Treasury bill declined from 0.17% to 0.13% from March 31, 2011 to March 31, 2012.

How do you plan to position the Fund, based on market conditions?

While we believe the possibility exists for higher interest rates led by economic recovery and a return to traditional economic cycles, we expect rates and yield curve shifts to be range-bound for the short term. Assuming the Fed does not extend quantitative easing policies, demand for U.S. Treasuries and fixed-rate Agency Mortgage-Backed Securities may decline.

We look to keep a short to neutral duration stance as risks remain higher for longer duration assets in a rising rate environment. We also feel that a neutral, laddered position is warranted given that shifts and twists in the curve may be short-lived and range-bound over the coming months.

31

SHORT-TERM U.S. TREASURY SECURITIES FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Barclays Capital 1-3 Year U.S. Treasury Index. The Barclays Capital 1-3 Year U.S. Treasury Index is the 1-3 year component of the Barclays Capital U.S. Treasury Index. It includes securities in the Treasury Index (i.e., public obligations of the U.S. Treasury) with a maturity from one up to (but not including) 3 years. The Index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.

		Average Annual Total Returns as of 3/31/12
Short-Term U.S. Treasury Securities Fund		1 Year		3 Year		5 Year		10 Year
A Shares	without sales charge		0.78%		0.87%		2.82%		2.56%
	with sales charge*		–1.75%		0.04%		2.31%		2.30%
C Shares	without CDSC		0.07%		0.09%		2.01%		1.93%
	with CDSC*		–0.92%		0.09%		2.01%		1.93%
I Shares			0.96%		1.05%		3.00%		2.74%
Barclays Capital 1-3 Year U.S. Treasury Index			1.45%		1.51%		3.41%		3.27%
Prospectus Expense Ratio1								Gross
A Shares									0.80%
C Shares									1.62%
I Shares									0.62%

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Share performance reflects the maximum front-end sales charge of 2.50% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.

¹  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Investment Weightings (as of March 31, 2012)

as a percentage of investments

32

TOTAL RETURN BOND FUND

Portfolio Managers

Ÿ James F. Keegan

Ÿ Adrien Webb, CFA

Ÿ Perry Troisi

INVESTMENT CONCERNS

Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.

Mortgage-backed investments involve risk of loss due to prepayments and, like any bond, due to default. Because of the sensitivity of mortgage-related securities to changes in interest rates, the Fund’s performance may be more volatile than if it did not hold these securities.

Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.

MANAGEMENT DISCUSSION OF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

For the 12 months ended March 31, 2012, the Total Return Bond Fund returned 9.62% (I Shares) versus 7.71% for the Barclays Capital U.S. Aggregate Bond Index (the “Index”). For the longer 3- and 5-year time periods, the Fund outpaced the Index returning 7.65% versus 6.83% and 7.31% versus 6.25% respectively.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

Performance over the last year was mostly influenced by how a fund was positioned in the third quarter of 2011, when many of the “riskier” investment types radically re-priced amidst the cross currents of an underperforming domestic economy and a banking and sovereign debt crisis in Europe. While the Fund was overweight non-Treasury sectors for all of 2011, our defensive positioning within those sectors was the key to our outperformance. Our flatter yield curve positioning paid dividends as the curve flattened significantly over the past year. Several global strategies that capitalized on the crisis in Europe also contributed significantly to performance. The most recent quarter’s outperformance was dominated by our exposure to high yield, given the rally in riskier investment types experienced in the first quarter of 2012.

How do you plan to position the Fund, based on market conditions?

Central bank liquidity once again produced a rally in the riskier investment types in early 2012 as the European Central Bank (ECB) took center stage with a continuation of a program they introduced in late 2011. The ECB offered essentially unlimited three-year funding to banks across the Euro Zone in two separate operations over the last four months. While inciting a classic rally in the riskiest stocks and lowest quality bonds, we fail to see any fundamental progress to warrant this repricing. Questions remain pertaining to the sustainability of the current growth trajectory and whether there have been “pull-forward” effects due to the mild winter.

We remain overweight corporate bonds but only modestly so relative to recent years. The positioning remains defensive, overweighting the industrial sector while significantly underweighting the traditional banking sector. While still overweight residential mortgage-backed securities (RMBS), we did take profits by modestly reducing our weighting in the most recent quarter, having seen certain segments achieve relatively rich valuations. Similar to corporate bonds, we remain overweight commercial mortgage-backed securities (CMBS), but at a lower level than recent years and the exposure is defensive near the top of the capital structure. This is all consistent with our “safe income at a reasonable price” theme repeatedly emphasized over the last year.

Our exposure to high yield bonds has performed well, bringing valuations for the sector much closer to fair value. When compared to high yield bank loans, however, valuations look somewhat rich. Hence, an early Q2 strategy will be to shift our high yield exposure from bonds to loans.

33

TOTAL RETURN BOND FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Barclays Capital U.S. Aggregate Bond Index, which covers the U.S. dollar-denominated, investment-grade, fixed-rate, taxable bond market of SEC-registered securities. The Index includes bonds from the Treasury, Government- Related, Corporate, MBS (agency fixed-rate and hybrid ARM pass-throughs), ABS and CMBS sectors. The Index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.

		Average Annual Total Returns as of 3/31/12
Total Return Bond Fund		1 Year		3 Year		5 Year		10 Year
A Shares	without sales charge		9.31%		7.31%		6.95%		5.75%
	with sales charge*		4.07%		5.58%		5.91%		5.24%
R Shares†			9.15%		7.11%		6.58%		5.51%
I Shares†			9.62%		7.65%		7.31%		6.11%
Barclays Capital U.S. Aggregate Bond Index			7.71%		6.83%		6.25%		5.80%
Prospectus Expense Ratio1								Gross
A Shares									0.60%
R Shares									0.91%
I Shares									0.35%

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Share performance reflects the maximum front-end sales charge of 4.75%.

^†  The I Shares and R Shares were offered beginning on 10/11/04. The performance shown prior to such date is based on the performance of the Class I Shares of the Seix Core Bond Fund, the predecessor fund to the Total Return Bond Fund. The A Shares were offered beginning on 10/11/04. The performance shown from 1/25/02 to such date is based on the performance of the Class P Shares of the Seix Core Bond Fund. The performance shown prior to 1/25/02 is based on the performance of the Class I Shares of the Seix Core Bond Fund. The historical performance has not been adjusted to reflect A Share or R Share expenses. If it had been, the performance would have been lower.

¹  This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Investment Weightings (as of March 31, 2012)

as a percentage of investments

34

ULTRA-SHORT BOND FUND

Portfolio Managers

Ÿ H. Rick Nelson

Ÿ Chad K. Stephens

INVESTMENT CONCERNS

Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.

U.S. Government guarantees apply only to the underlying securities of the Fund’s portfolio and not the Fund’s shares.

Mortgage-backed investments involve risk of loss due to prepayments and, like any bond, due to default. Because of the sensitivity of mortgage-related securities to changes in interest rates, the Fund’s performance may be more volatile than if it did not hold these securities.

Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.

MANAGEMENT DISCUSSION OF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

The Fund outperformed its benchmark index, the Barclays Capital 3-6 Month U.S. Treasury Bill Index (the “Index”). The Fund (I Shares) generated a return of 1.34% for the period ended March 31, 2012, while the Index return was 0.13% over the same period. The Fund outperformed its benchmark each quarter over the last 12 months.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

Total return in the Fund was driven both by income and price appreciation. Interest rates declined over the past twelve months with the one-year Treasury yields declining 10 basis points from 0.27% to 0.17% as of March 31, 2012.

Corporate credit spreads widened during the third and early in the fourth quarters of 2011 before rebounding during the first quarter of 2012. The financial sector was the most volatile stemming from fears of European credit exposure as well as an unclear regulatory environment. Yet when the results of the Federal Reserve’s Stress Tests were released, the majority of the largest commercial banks were shown to have historically strong capital ratios, improving asset quality and healthy levels of liquidity. Credit spreads on financials tightened as the market digested the news. Credit exposure in the fund was also managed by exiting European based financial and industrial credits during 2011.

In securitized assets, U.S. Government Agency residential and commercial mortgage-backed securities performed well, benefiting both from spread tightening and relatively high coupon income on the securities. Asset-backed securities held in the Fund, predominantly auto loan and credit card receivable backed bonds, also benefited from spread tightening over the past twelve months. Finally, credit spreads on non-agency commercial mortgage-backed securities (CMBS) were volatile; spread widening during the third and fourth quarters of 2011 hurt performance though the spread tightening in the first quarter of 2012 resulted in overall modest price appreciation.

How do you plan to position the Fund, based on market conditions?

We look to keep a short to neutral duration stance as risks remain higher for longer duration assets in a rising rate environment. We also feel that a neutral, laddered position is warranted given that shifts and twists in the curve may be short-lived and range-bound over the coming months.

We look to maintain limited exposure to U.S. Treasuries. As historically low rates linger, investors are only offered asymmetrical return potential: limited upside along with little coupon to insulate against the potential of rising rates. We will continue with our bias towards lower beta corporate credits such as non-cyclical industrials and companies with transparent and consistent earnings potential. Within securitized assets, we continue to overweight Agency and non-Agency CMBS credits, which aided performance in the quarter. Securitized assets could face a headwind should interest rates begin to rise. We continue to seek lower premium, lower coupon and floating rate MBS credits to provide protection from rising rates and refinancing risk.

35

ULTRA-SHORT BOND FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 4/15/02 (inception date). Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Barclays Capital 3-6 Month U.S. Treasury Bill Index. The Barclays Capital 3-6 Month U.S. Treasury Bill Index is the 3-6 month component of the Barclays Capital U.S. Treasury Bills Index, which includes U.S. Treasury bills with a remaining maturity from 1 up to (but not including) 12 months. The Index excludes zero coupon strips. The Index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.

		Average Annual Total Returns as of 3/31/12
Ultra-Short Bond Fund	Inception Date	1 Year		3 Year		5 Year		Since Inception
I Shares	04/15/02		1.34%		3.28%		2.71%		2.79%
Barclays Capital 3-6 Month U.S. Treasury Bill Index			0.13%		0.24%		1.53%		2.08%	*
Prospectus Expense Ratio1								Gross
I Shares									0.32%

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* The performance return and the hypothetical $10,000 investment for the Barclays Capital 3-6 Month U.S. Treasury Bill Index is for the period from 3/31/02 to 3/31/12.

1 This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Investment Weightings (as of March 31, 2012)

as a percentage of investments

36

U.S. GOVERNMENT SECURITIES FUND

Portfolio Managers

Ÿ James F. Keegan

Ÿ Adrien Webb, CFA

Ÿ Perry Troisi

Ÿ Michael Rieger

Ÿ Seth Antiles, Ph.D

INVESTMENT CONCERNS

Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.

U.S. Government guarantees apply only to the underlying securities of the Fund’s portfolio and not the Fund’s shares.

The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.

Mortgage-backed investments involve risk of loss due to prepayments and, like any bond, due to default. Because of the sensitivity of mortgage-related securities to changes in interest rates, the Fund’s performance may be more volatile than if it did not hold these securities.

Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.

MANAGEMENT DISCUSSION OF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

For the 12 months ended March 31, 2012, the U.S. Government Securities Fund returned 8.27% (I Shares) versus 7.89% for the Barclays Capital U.S. Government Index (the “Index”).

What factors influenced the Fund’s performance for the period ended March 31, 2012?

Over the last year the Fund’s outperformance was all about yield curve positioning. Our flatter yield curve positioning paid significant dividends as the yield curve flattened dramatically over the past year. Our void in any Agency debentures detracted modestly from performance as the sector produced positive excess returns over the past year.

How do you plan to position the Fund, based on market conditions?

Central bank liquidity once again produced a rally in the riskier investment types in early 2012 as the European Central Bank (ECB) took center stage with a continuation of a program they introduced in late 2011. The ECB offered essentially unlimited three-year funding to banks across the Euro Zone in two separate operations over the last four months. While inciting a classic rally in the riskiest stocks and lowest quality bonds, we fail to see any fundamental progress to warrant this repricing. Questions remain pertaining to the sustainability of the current growth trajectory and whether there have been “pull-forward” effects due to the mild winter.

Given the significant yield curve flattening over the last year we elected to take some profits and somewhat normalize our curve position in late 2011. While still modestly positioned for a flatter curve, it is a much smaller trade in 2012, as the curve is much closer to its trailing 10 year average than it was one year ago. We remain void any Agency exposure as the spread offered fails to compensate for the risk.

37

U.S. GOVERNMENT SECURITIES FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Barclays Capital U.S. Government Index, which is composed of the Barclays Capital U.S. Treasury and U.S. Agency indices. The Index includes Treasuries (public obligations of the U.S. Treasury that have remaining maturities of more than one year) and U.S. agency debentures (publicly issued debt of U.S. Government agencies, quasi-federal corporations, and corporate or foreign debt guaranteed by the U.S. Government). The Index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.

		Average Annual Total Returns as of 3/31/12
U.S. Government Securities Fund		1 Year		3 Year		5 Year		10 Year
A Shares	without sales charge		7.98%		3.53%		5.27%		4.59%
	with sales charge*		2.85%		1.87%		4.26%		4.08%
C Shares	without CDSC		7.32%		2.84%		4.56%		3.93%
	with CDSC*		6.32%		2.84%		4.56%		3.93%
I Shares			8.27%		3.83%		5.59%		4.93%
Barclays Capital U.S. Government Index			7.89%		3.96%		6.02%		5.54%
Prospectus Expense Ratio1								Gross
A Shares									0.93%
C Shares									1.62%
I Shares									0.62%

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Share performance reflects the maximum front-end sales charge of 4.75% and Class C Shares reflect the maximum CDSC (contingent deferred sales charge) of 1.00% in year one only.

1 This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Investment Weightings (as of March 31, 2012)

as a percentage of investments

38

U.S. GOVERNMENT SECURITIES ULTRA-SHORT BOND FUND

Portfolio Managers

Ÿ H. Rick Nelson

Ÿ Chad K. Stephens

INVESTMENT CONCERNS

Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.

U.S. Government guarantees apply only to the underlying securities of the Fund’s portfolio and not the Fund’s shares.

The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.

Mortgage-backed investments involve risk of loss due to prepayments and, like any bond, due to default. Because of the sensitivity of mortgage-related securities to changes in interest rates, the Fund’s performance may be more volatile than if it did not hold these securities.

Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.

MANAGEMENT DISCUSSION OF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

The Fund outperformed its benchmark index, the Barclays Capital 3-6 Month U.S. Treasury Bill Index (the “Index”). The Fund (I Shares) generated a return of 1.76% for the period ended March 31, 2012, while the Index return was 0.13% over the same period. The Fund outperformed its benchmark each quarter over the last 12 months.

What factors influenced the Fund’s performance for the period ended March 31, 2012?

The Fund benefited from its allocation to U.S. Government Agency securitized assets as spreads on residential and multi-family securities tightened relative to U.S. Treasuries over the period. The allocation to adjustable rate mortgages (ARMs) drove performance and total return. The Fund’s allocation to floating rate collateralized mortgage obligations (CMOs) contributed modestly to total return while reducing duration and hence interest rate risk in the Fund. Once more, the allocation to floating rate securities in the Fund reduced the weighted average dollar price, thereby reducing prepayment risk inherent in securitized assets. The Fund also added exposure to Agency commercial mortgage-backed securities (CMBS) which benefited the Fund over the year as credit spreads tightened and the yield curve flattened.

How do you plan to position the Fund, based on market conditions?

We look to keep a relatively short duration stance as risks remain higher for longer duration assets in a rising rate environment. We also feel that a neutral, laddered position is warranted given that shifts and twists in the curve may be short-lived and range-bound over the coming months.

We also look to maintain limited exposure to U.S. Treasuries. As historically low rates linger, investors are subject to asymmetrical return potential: limited upside along with little coupon income to insulate against potential rising interest rates.

Within U.S. Government Agency securitized assets, we look to continue to overweight Agency CMBS. Securitized assets could face a headwind should interest rates begin to rise. Rising rates can extend mortgage durations and trigger a negative feedback loop in which market participants sell mortgages to reduce duration thereby driving rates higher. There is also a potential for policy-initiated events that may drive mortgage market volatility. In light of these risks, we continue to seek lower premium dollar price, lower coupon and floating rate MBS to provide protection from rising rates and refinancing risk.

39

U.S. GOVERNMENT SECURITIES ULTRA-SHORT BOND FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 4/11/02 (inception date). Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Barclays Capital 3-6 Month U.S. Treasury Bill Index. The Barclays Capital 3-6 Month U.S. Treasury Bill Index is the 3-6 month component of the Barclays Capital U.S. Treasury Bills Index, which includes U.S. Treasury bills with a remaining maturity from 1 up to (but not including) 12 months. The Index excludes zero coupon strips. The Index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.

		Average Annual Total Returns as of 3/31/12
U.S. Government Securities Ultra-Short Bond Fund	Inception Date	1 Year		3 Year		5 Year		Since Inception
I Shares	04/11/02		1.76%		2.33%		3.33%		3.08%
Barclays Capital 3-6 Month U.S. Treasury Bill Index			0.13%		0.24%		1.53%		2.08%	*
Prospectus Expense Ratio1								Gross
I Shares									0.33%

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* The performance return and the hypothetical $10,000 investment for the Barclays Capital 3-6 Month U.S. Treasury Bill Index is for the period from 3/31/02 to 3/31/12.

1 This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the March 31, 2012 expense ratios can be found in the financial highlights

Investment Weightings (as of March 31, 2012)

as a percentage of investments

40

VIRGINIA INTERMEDIATE MUNICIPAL BOND FUND

Portfolio Manager

Ÿ Chris Carter, CFA

INVESTMENT CONCERNS

The geographical concentration of portfolio holdings in this Fund may involve increased risk.

Mutual fund investing involves risk, including possible loss of principal. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.

The Fund’s income may be subject to certain state and local taxes and, depending on your tax status, the federal alternative minimum tax.

The Fund is subject to the risk that principal value reacts in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.

Debt securities will generally lose value if interest rates increase. Interest rate risk is generally higher for investments with longer maturities or durations. Debt securities are subject to the risk that an issuer will fail to make timely payments of interest or principal or go bankrupt, reducing the Fund’s return. The lower the rating of a debt security, the higher its credit risk.

MANAGEMENT DISCUSSIONOF FUND PERFORMANCE

How did the Fund perform against its benchmark for the period ended March 31, 2012?

For the 12 months ended March 31, 2012, the Fund’s I Shares had a total return of 8.55% versus an average return of 8.39% for the funds classified in the Lipper Other States Intermediate Debt Objective and a 8.91% total return for the Barclays Capital U.S. Municipal Bond 1-15 Year Blend Index (the “Index”). The long end of the municipal yield curve, defined as 22-year and longer maturities, provided the greatest total return during the period, with total returns generally increasing as you progressed out the curve (according to Barclays Capital). Relative to the Index, the Fund maintains a higher allocation to the cash equivalent, 3-year, 7-year, and 20-year sectors, and a lower allocation to all other maturity sectors, as of March 31, 2012. Additionally, relative to the Index the Fund maintains a higher allocation to securities rated AAA, an approximately neutral allocation to securities rated AA, and a lower allocation to securities in all other rating categories. Trading activity and portfolio events during the period resulted in exposure to the 1-year and 20-year sectors being increased. The 5-, 10-, and 30-year generic AAA-rated municipal bond yields declined 79, 108, and 141 basis points (a basis point equals one hundredth of one percentage point) respectively, over the 12 months (according to Municipal Market Data Line).

What factors influenced the Fund’s performance for the period ended March 31, 2012?

Yield curve positioning contributed to the Fund’s outperformance relative to the peer group average for the period but was not enough to overcome the Index. The 20-year sector outperformed the 5-year sector by 927 basis points for the 12 months ended March 31, 2012 (according to Barclays).

How do you plan to position the Fund, based on market conditions?

With municipal supply likely to remain manageable this year, further investor flight-to-quality would likely increase the attractiveness of municipal bonds. Municipals as an asset class are relatively secure while offering among the highest after-tax returns over the past decade for those in the top marginal tax brackets. A reversion to higher income tax rates at the end of 2012 could further stoke investor demand by increasing the value of the municipal tax exemption. We will continue to make tactical adjustments to the Fund, periodically, as a part of an active portfolio management process. All activity will occur within an investment grade construct and the average credit quality of Fund holdings should remain high relative to its peers.

41

VIRGINIA INTERMEDIATE MUNICIPAL BOND FUND

Growth of a $10,000 Investment (as of March 31, 2012)

This chart assumes an initial hypothetical investment of $10,000 made on 3/31/02. Total return is based on net change in the Net Asset Value (“NAV”) assuming reinvestment of distributions. Returns shown on this page include reinvestment of all dividends and other distributions.   The Fund’s performance is compared to the Barclays Capital U.S. Municipal Bond 1-15 Year Blend Index which is an index of tax-exempt bonds with maturities ranging between 1 and 15 years. The Index is unmanaged and does not reflect the deduction of fees, such as investment management and fund accounting fees associated with a mutual fund. Investors cannot invest directly in an index.

		Average Annual Total Returns as of 3/31/12
Virginia Intermediate Municipal Bond Fund		1 Year		3 Year		5 Year		10 Year
A Shares	without sales charge		8.38%		5.24%		4.78%		4.41%
	with sales charge*		3.23%		3.55%		3.78%		3.91%
I Shares			8.55%		5.39%		4.94%		4.53%
Barclays Capital U.S. Municipal Bond 1-15 Year Blend Index			8.91%		6.07%		5.49%		5.11%
Prospectus Expense Ratio1								Gross
A Shares									0.78%
I Shares									0.63%

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

* Class A Share performance reflects the maximum front-end sales charge of 4.75%.

1 This information is included in the most current prospectus available to current and prospective shareholders of the Fund. Additional information pertaining to the 3/31/12 expense ratios can be found in the financial highlights.

Investment Weightings (as of March 31, 2012)

as a percentage of investments

42

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012    

Core Bond Fund

	Shares or Principal Amount($)		Value($)
Asset-Backed Securities (1.0%)
Credit Card (0.3%)
Cabela’s Master Credit Card Trust, Series 2012-1A, Cl A1, 1.630%, 02/18/20(a)		1,282,000		1,273,895
Home Equity (0.3%)
Ameriquest Mortgage Securities, Inc., Series 2005-R5, Cl M1, 0.672%, 07/25/35(b)		1,813,000		1,586,698
Other (0.4%)
Dominos Pizza Master Issuer LLC, Series 2012-1A, Cl A2, 5.216%, 01/25/42(a)		1,982,000		2,029,871
Total Asset-Backed Securities (Cost $4,856,830)				4,890,464
Collateralized Mortgage Obligations (11.8%)
Agency Collateralized Mortgage Obligations (7.7%)
Federal Home Loan Mortgage Corporation, Series 3788, Cl YB, 3.500%, 01/15/26		9,765,488		10,260,135
Federal Home Loan Mortgage Corporation, Series 3892, Cl EB, 3.500%, 07/15/26		295,486		308,087
Federal Home Loan Mortgage Corporation, Series 3907, Cl MD, 3.500%, 08/15/26		2,818,475		2,926,802
Federal Home Loan Mortgage Corporation, Series 3980, Cl LG, 3.000%, 01/15/27		2,500,000		2,487,083
Federal Home Loan Mortgage Corporation, Series 4011, Cl ML, 3.000%, 03/15/27		1,700,059		1,649,057
Federal National Mortgage Association, Series 2011-45, Cl ZA, 4.000%, 05/25/31		244,799		258,254
Federal National Mortgage Association, Series 2011-46, Cl B, 3.000%, 05/25/26		4,925,000		5,026,585

	Shares or Principal Amount($)		Value($)
Agency Collateralized Mortgage Obligations—continued
Federal National Mortgage Association, Series 2011-98, Cl VE, 3.500%, 06/25/26		1,000,000		1,024,426
Federal National Mortgage Association, Series 2012-17, Cl BC, 3.500%, 03/25/27		1,379,000		1,440,274
Government National Mortgage Association, Series 2011-104, Cl MY, 4.000%, 07/16/26		1,093,731		1,170,545
Government National Mortgage Association, Series 2011-154, Cl B, 4.000%, 11/16/26		3,569,128		3,867,879
Government National Mortgage Association, Series 2011-158, Cl EB, 4.000%, 12/20/26		2,178,000		2,357,720
Government National Mortgage Association, Series 2012-13, Cl VK, 3.500%, 01/20/25		2,659,641		2,841,316
				35,618,163
Agency Collateralized Planned Amortization Class Mortgage Obligations (0.4%)
Federal Home Loan Mortgage Corporation, Series 3745, Cl VE, 4.000%, 09/15/29		153,000		161,221
Federal Home Loan Mortgage Corporation, Series 3762, Cl BV, 4.000%, 10/15/29		142,000		149,237
Federal Home Loan Mortgage Corporation, Series 3763, Cl VQ, 4.000%, 07/15/27		86,000		91,969
Federal Home Loan Mortgage Corporation, Series 3903, Cl GB, 4.000%, 08/15/26		1,277,000		1,376,887
Federal National Mortgage Association, Series 2011-8, Cl PV, 4.000%, 01/25/30		68,000		71,349
				1,850,663

See Notes to Financial Statements.

43

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012    

Core Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Commercial Mortgage Backed Securities (3.7%)
Americold LLC Trust, Series 2010-ARTA, Cl A2FX, 4.954%, 01/14/29(a)		1,000,000		1,110,401
Banc of America Commercial Mortgage, Inc., Series 2005-3, Cl A3B, 5.090%, 07/10/43(b)		330,000		348,566
Banc of America Commercial Mortgage, Inc., Series 2005-6, Cl AM, 5.366%, 09/10/47(b)		199,000		214,226
Commercial Mortgage Pass Through Certificates, Series 2012-9W57, Cl A, 2.365%, 02/10/29(a)		3,517,000		3,541,436
DBUBS Mortgage Trust, Series 2011-LC3A, Cl A2, 3.642%, 08/10/44		1,784,000		1,907,057
JP Morgan Chase Commercial Mortgage Securities Corp., Series 2005-LDP3, Cl A4B, 4.996%, 08/15/42(b)		2,295,000		2,466,375
LB-UBS Commercial Mortgage Trust, Series 2005-C3, Cl A5, 4.739%, 07/15/30		3,000,000		3,264,120
LB-UBS Commercial Mortgage Trust, Series 2005-C7, Cl A3, 5.436%, 11/15/30(b)		555,000		582,948
LB-UBS Commercial Mortgage Trust, Series 2006-C1, Cl AM, 5.217%, 02/15/31(b)		1,391,000		1,486,018
Merrill Lynch Mortgage Trust, Series 2005-LC1, Cl AM, 5.446%, 01/12/44(b)		1,146,000		1,238,916
RBSCF Trust, Series 2010-RR3, Cl MS4A, 4.970%, 04/16/40(a)(b)		364,000		386,503
Wachovia Bank Commercial Mortgage Trust, Series 2005-C20, Cl AMFX, 5.179%, 07/15/42(b)		170,000		182,741

	Shares or Principal Amount($)		Value($)
Commercial Mortgage Backed Securities—continued
Wachovia Bank Commercial Mortgage Trust, Series 2005-C21, Cl AM, 5.378%, 10/15/44(b)		628,000		685,245
				17,414,552
Total Collateralized Mortgage Obligations (Cost $53,562,991)				54,883,378
Corporate Bonds (26.4%)
Aerospace/Defense (0.7%)
Boeing Co. (The), 5.125%, 02/15/13		720,000		749,075
Raytheon Co., 1.400%, 12/15/14		954,000		969,804
United Technologies Corp., 6.125%, 02/01/19		1,429,000		1,755,338
				3,474,217
Auto Manufacturers (0.3%)
Daimler Finance N.A. LLC, 3.875%, 09/15/21(a)		584,000		597,321
Volkswagen International Finance, 2.375%, 03/22/17(a)		923,000		926,141
				1,523,462
Banks (1.2%)
HSBC Bank PLC, 3.100%, 05/24/16(a)		407,000		414,575
HSBC Bank PLC, 3.500%, 06/28/15(a)		1,047,000		1,093,368
JPMorgan Chase & Co., 4.400%, 07/22/20		1,399,000		1,451,341
JPMorgan Chase & Co., 6.300%, 04/23/19		356,000		411,363
Northern Trust Corp., 5.200%, 11/09/12		928,000		953,713
Wells Fargo & Co., 1.250%, 02/13/15, MTN		1,469,000		1,463,005
				5,787,365
Beverages (0.5%)
Anheuser-Busch InBev Worldwide, Inc., 3.000%, 10/15/12		911,000		922,816
Diageo Capital PLC, 5.200%, 01/30/13		488,000		506,684
SABMiller Holdings, Inc., 2.450%, 01/15/17(a)		913,000		924,452
				2,353,952

See Notes to Financial Statements.

44

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012    

Core Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Biotechnology (0.1%)
Life Technologies Corp., 5.000%, 01/15/21		286,000		309,671
Chemicals (1.0%)
Air Products & Chemicals, Inc., 4.150%, 02/01/13		851,000		876,595
E.I. du Pont de Nemours & Co., 4.250%, 04/01/21		548,000		616,900
E.I. du Pont de Nemours & Co., 5.000%, 07/15/13		660,000		695,429
Praxair, Inc., 1.750%, 11/15/12		1,381,000		1,392,161
Praxair, Inc., 4.625%, 03/30/15		1,033,000		1,146,031
				4,727,116
Commercial Services (0.6%)
ERAC USA Finance LLC, 2.750%, 03/15/17(a)		326,000		325,668
ERAC USA Finance LLC, 5.250%, 10/01/20(a)		1,040,000		1,127,518
ERAC USA Finance LLC, 5.600%, 05/01/15(a)		1,099,000		1,207,565
ERAC USA Finance LLC, 5.800%, 10/15/12(a)		266,000		272,433
				2,933,184
Computers (1.1%)
Hewlett-Packard Co., 4.375%, 09/15/21		1,459,000		1,497,271
Hewlett-Packard Co., 4.500%, 03/01/13		433,000		447,429
IBM Corp., 0.875%, 10/31/14		2,132,000		2,138,524
IBM Corp., 5.600%, 11/30/39		802,000		981,129
				5,064,353
Diversified Financial Services (2.1%)
ABB Treasury Center USA, Inc., 4.000%, 06/15/21(a)		665,000		679,769
American Express Credit Corp., 2.375%, 03/24/17, MTN		807,000		808,241
CME Group, Inc., 5.400%, 08/01/13		573,000		607,051
CME Group, Inc., 5.750%, 02/15/14		514,000		560,490
John Deere Capital Corp., 1.250%, 12/02/14, MTN		804,000		814,400
Lazard Group LLC, 7.125%, 05/15/15		961,000		1,042,013

	Shares or Principal Amount($)		Value($)
Diversified Financial Services—continued
MassMutual Global Funding LLC, 2.000%, 04/05/17(a)(c)		772,000		769,373
NASDAQ OMX Group, Inc. (The), 5.550%, 01/15/20		822,000		843,337
PACCAR Financial Corp., 1.550%, 09/29/14, MTN		1,064,000		1,082,600
TIAA Global Markets, Inc., 5.125%, 10/10/12(a)		848,000		867,523
Toyota Motor Credit Corp., 3.200%, 06/17/15, MTN		452,000		480,227
Woodside Finance Ltd., 4.600%, 05/10/21(a)		1,327,000		1,380,198
				9,935,222
Electric (1.0%)
Alabama Power Co., 5.800%, 11/15/13		553,000		596,983
Dominion Resources, Inc., 1.950%, 08/15/16		421,000		426,792
Duke Energy Carolinas LLC, 4.300%, 06/15/20		310,000		345,809
Exelon Generation Co. LLC, 6.200%, 10/01/17		708,000		830,846
Georgia Power Co., 6.000%, 11/01/13		313,000		339,309
MidAmerican Energy Holdings Co., 6.125%, 04/01/36		616,000		732,237
Public Service Co. of Colorado, Series 17, 6.250%, 09/01/37		424,000		553,149
Southern California Edison Co., 5.750%, 03/15/14		578,000		633,428
				4,458,553
Electronics (0.1%)
Thermo Fisher Scientific, Inc., 2.250%, 08/15/16		341,000		352,903
Food (0.4%)
Kellogg Co., 4.250%, 03/06/13		620,000		641,099
Kraft Foods, Inc., 6.500%, 02/09/40		553,000		680,485
Kroger Co. (The), 7.500%, 01/15/14		427,000		476,029
				1,797,613
Healthcare—Products (0.4%)
Becton Dickinson and Co., 3.250%, 11/12/20		337,000		349,356

See Notes to Financial Statements.

45

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012    

Core Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Healthcare—Products—continued
Covidien International Finance SA, 6.000%, 10/15/17		809,000		970,493
Stryker Corp., 2.000%, 09/30/16		584,000		598,628
				1,918,477
Healthcare—Services (0.4%)
Roche Holdings, Inc., 7.000%, 03/01/39(a)		1,408,000		1,914,818
Insurance (1.3%)
Berkshire Hathaway, Inc., 3.200%, 02/11/15		1,291,000		1,375,340
Berkshire Hathaway, Inc., 4.600%, 05/15/13		738,000		771,074
Fairfax Financial Holdings Ltd., 5.800%, 05/15/21(a)		531,000		506,817
Nationwide Financial Services, Inc., 5.375%, 03/25/21(a)		2,039,000		2,083,662
OneBeacon U.S. Holdings, Inc., 5.875%, 05/15/13		475,000		488,840
Progressive Corp. (The), 3.750%, 08/23/21		282,000		300,182
Teachers Insurance & Annuity Association of America, 6.850%, 12/16/39(a)		543,000		672,467
				6,198,382
Media (0.9%)
Comcast Corp., 6.450%, 03/15/37		371,000		444,020
NBC Universal Media LLC, 5.950%, 04/01/41		638,000		734,247
Thomson Reuters Corp., 5.950%, 07/15/13		178,000		188,807
Time Warner Cable, Inc., 5.850%, 05/01/17		1,676,000		1,955,753
Time Warner Cable, Inc., 8.250%, 02/14/14		694,000		785,729
Time Warner, Inc., 6.200%, 03/15/40		236,000		267,416
				4,375,972
Mining (1.3%)
Barrick (PD) Australia Finance Property Ltd., 4.950%, 01/15/20		310,000		342,860
Barrick (PD) Australia Finance Property Ltd., 5.950%, 10/15/39		549,000		605,210

	Shares or Principal Amount($)		Value($)
Mining—continued
Barrick International Barbados Corp., 6.350%, 10/15/36(a)		794,000		900,213
BHP Billiton Finance USA Ltd., 1.125%, 11/21/14		832,000		837,764
Kinross Gold Corp., 5.125%, 09/01/21(a)		2,154,000		2,187,163
Newmont Mining Corp., 6.250%, 10/01/39		907,000		1,007,964
				5,881,174
Miscellaneous Manufacturer (1.3%)
3M Co., 1.375%, 09/29/16		559,000		562,722
Danaher Corp., 3.900%, 06/23/21		531,000		580,658
General Electric Co., 5.000%, 02/01/13		1,507,000		1,561,900
General Electric Co., 5.250%, 12/06/17		521,000		602,518
Illinois Tool Works, Inc., 6.250%, 04/01/19		1,347,000		1,643,288
Siemens Financieringsmat, 6.125%, 08/17/26(a)		929,000		1,130,451
				6,081,537
Office/Business Equipment (0.4%)
Xerox Corp., 5.500%, 05/15/12		418,000		420,130
Xerox Corp., 6.350%, 05/15/18		1,225,000		1,421,309
				1,841,439
Oil & Gas (1.4%)
BP Capital Markets PLC, 2.248%, 11/01/16		1,046,000		1,072,890
Ensco PLC, 4.700%, 03/15/21		836,000		901,945
Phillips 66, 4.300%, 04/01/22(a)		967,000		983,631
Shell International Finance BV, 6.375%, 12/15/38		2,020,000		2,672,575
Statoil ASA, 3.125%, 08/17/17		354,000		379,740
Total Capital SA, 3.000%, 06/24/15		419,000		434,986
				6,445,767
Oil & Gas Services (0.6%)
Baker Hughes, Inc., 5.125%, 09/15/40		662,000		753,144
Schlumberger Investment SA, 3.300%, 09/14/21(a)		927,000		939,181

See Notes to Financial Statements.

46

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012    

Core Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Oil & Gas Services—continued
Weatherford International Ltd., 5.125%, 09/15/20		603,000		641,513
Weatherford International Ltd., 6.500%, 08/01/36		534,000		575,555
				2,909,393
Pharmaceuticals (1.6%)
Abbott Laboratories, 5.600%, 11/30/17		1,356,000		1,639,815
Express Scripts, Inc., 5.250%, 06/15/12		967,000		975,219
GlaxoSmithKline Capital, Inc., 5.650%, 05/15/18		907,000		1,095,329
Novartis Securities Investment Ltd., 5.125%, 02/10/19		512,000		599,700
Sanofi-Aventis SA, 4.000%, 03/29/21		1,290,000		1,404,951
Schering-Plough Corp., 6.550%, 09/15/37		584,000		798,069
Teva Pharmaceutical Finance Co. LLC, 6.150%, 02/01/36		306,000		367,037
Teva Pharmaceutical Finance II/III, 3.000%, 06/15/15		556,000		585,214
				7,465,334
Pipelines (1.8%)
El Paso Natural Gas Co., 5.950%, 04/15/17		621,000		685,431
Energy Transfer Partners LP, 6.050%, 06/01/41		531,000		535,829
Energy Transfer Partners LP, 6.625%, 10/15/36		576,000		597,519
Enterprise Products Operating LLC, 5.250%, 01/31/20		1,189,000		1,327,835
Enterprise Products Operating LLC, Series J, 5.750%, 03/01/35		690,000		744,980
Rockies Express Pipeline LLC, 6.850%, 07/15/18(a)		935,000		869,550
Southern Natural Gas Co., 5.900%, 04/01/17(a)		413,000		467,690
TC Pipelines LP, 4.650%, 06/15/21		664,000		694,253
TransCanada PipeLines Ltd., 6.100%, 06/01/40		716,000		889,422
Transcontinental Gas Pipe Line Co. LLC, 6.050%, 06/15/18		394,000		465,828

	Shares or Principal Amount($)		Value($)
Pipelines—continued
Williams Partners LP, 4.125%, 11/15/20		957,000		983,320
				8,261,657
Real Estate Investment Trusts (1.1%)
BioMed Realty LP, 3.850%, 04/15/16		883,000		912,238
Digital Realty Trust LP, 4.500%, 07/15/15		1,824,000		1,914,863
Digital Realty Trust LP, 5.875%, 02/01/20		257,000		279,931
Healthcare Realty Trust, Inc., 6.500%, 01/17/17		2,010,000		2,203,655
				5,310,687
Retail (1.2%)
Wal-Mart Stores, Inc., 5.250%, 09/01/35		278,000		316,141
Wal-Mart Stores, Inc., 6.500%, 08/15/37		2,136,000		2,812,149
Walgreen Co., 4.875%, 08/01/13		528,000		558,914
Wesfarmers Ltd., 6.998%, 04/10/13(a)		1,668,000		1,756,934
				5,444,138
Semiconductors (0.7%)
Analog Devices, Inc., 3.000%, 04/15/16		212,000		223,268
Intel Corp., 1.950%, 10/01/16		649,000		668,438
Intel Corp., 4.800%, 10/01/41		2,163,000		2,304,034
				3,195,740
Software (0.5%)
Fiserv, Inc., 4.750%, 06/15/21		721,000		766,913
Oracle Corp., 5.750%, 04/15/18		1,270,000		1,543,955
				2,310,868
Telecommunication Services (2.0%)
AT&T, Inc., 4.950%, 01/15/13		764,000		789,920
AT&T, Inc., 5.550%, 08/15/41		845,000		936,618
CC Holdings GS V LLC/Crown Castle GS III Corp., 7.750%, 05/01/17(a)		1,082,000		1,179,380
Cellco Partnership/Verizon Wireless Capital LLC, 5.550%, 02/01/14		508,000		549,419

See Notes to Financial Statements.

47

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012    

Core Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Telecommunication Services—continued
Cisco Systems, Inc., 5.500%, 02/22/16		566,000		656,850
Cisco Systems, Inc., 5.500%, 01/15/40		1,076,000		1,254,482
Juniper Networks, Inc., 3.100%, 03/15/16		172,000		178,005
Rogers Communications, Inc., 7.500%, 03/15/15		774,000		907,487
SBC Communications, Inc., 5.100%, 09/15/14		729,000		802,418
SBC Communications, Inc., 6.450%, 06/15/34		484,000		570,682
Verizon Communications, Inc., 5.250%, 04/15/13		557,000		583,948
Verizon Communications, Inc., 5.550%, 02/15/16		630,000		723,582
				9,132,791
Transportation (0.1%)
United Parcel Service, Inc., 3.125%, 01/15/21		531,000		556,236
Trucking & Leasing (0.3%)
Aviation Capital Group Corp., 6.750%, 04/06/21(a)		499,000		483,985
Aviation Capital Group Corp., 7.125%, 10/15/20(a)		686,000		688,799
				1,172,784
Total Corporate Bonds (Cost $115,337,881)				123,134,805
U.S. Government Agency Mortgages (22.0%)
Federal Home Loan Mortgage Corporation (15.7%)
Pool #J18446, 3.000%, 03/01/27(c)		3,317,000		3,437,100
Pool #A12413, 5.000%, 08/01/33		492,123		531,285
Pool #G05052, 5.000%, 10/01/33		287,600		310,486
Pool #G01797, 5.500%, 12/01/33		10,481,290		11,480,236
Pool #A30380, 5.500%, 12/01/34		860,698		949,318
Pool #G01779, 5.000%, 04/01/35		604,148		652,225
Pool #A46278, 5.000%, 07/01/35		1,908,791		2,089,917
Pool #G01837, 5.000%, 07/01/35		4,286,248		4,623,320

	Shares or Principal Amount($)		Value($)
Federal Home Loan Mortgage Corporation—continued
Pool #A47402, 5.000%, 10/01/35		1,732,355		1,868,588
Pool #G02252, 5.500%, 07/01/36		8,535,136		9,303,256
Pool #Z40004, 6.000%, 08/01/36		802,671		885,228
Pool #G04997, 5.000%, 01/01/37		4,232,735		4,565,599
Pool #G05254, 5.000%, 01/01/37		1,882,090		2,030,098
Pool #G03296, 6.000%, 09/01/37		849,450		951,684
Pool #G03871, 5.500%, 02/01/38		2,711,496		2,974,159
Pool #G05098, 6.000%, 12/01/38		3,502,590		3,867,220
Pool #1B8740, 2.427%, 09/01/41(b)		5,974,972		6,184,925
2.500%, TBA, 15 Year Maturity(c)		8,934,000		9,026,131
5.500%, TBA, 30 Year Maturity(c)		4,266,000		4,628,610
6.000%, TBA, 30 Year Maturity(c)		3,000,000		3,306,562
				73,665,947
Federal National Mortgage Association (5.4%)
Pool #471092, 2.740%, 04/01/22(c)		1,375,000		1,395,625
Pool #471145, 3.150%, 04/01/22(c)		1,552,000		1,574,194
Pool #725773, 5.500%, 09/01/34		1,251,622		1,373,314
Pool #827943, 5.000%, 05/01/35		500,012		540,681
Pool #735500, 5.500%, 05/01/35		2,565,238		2,807,837
Pool #357829, 6.000%, 06/01/35		1,551,957		1,718,268
Pool #888344, 5.000%, 10/01/35		3,674,596		3,973,472
Pool #878094, 6.000%, 04/01/36		3,442,786		3,823,557
Pool #190370, 6.000%, 06/01/36		3,143,441		3,472,441
Pool #AD0784, 6.000%, 05/01/37(c)		1,271,001		1,404,027
Pool #995082, 5.500%, 08/01/37		1,716,578		1,883,477
Pool #AD0439, 6.000%, 07/01/39		825,869		910,758
				24,877,651

See Notes to Financial Statements.

48

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012    

Core Bond Fund — concluded

	Shares or Principal Amount($)		Value($)
Government National Mortgage Association (0.9%)
Pool #751387, 4.743%, 01/20/61		3,717,786		4,132,883
Total U.S. Government Agency Mortgages (Cost $101,550,460)				102,676,481
U.S. Treasury Obligations (35.8%)
U.S. Treasury Bond (3.5%)
3.125%, 11/15/41		17,266,000		16,561,875
U.S. Treasury Notes (32.3%)
0.500%, 10/15/14		47,668,000		47,716,431
0.750%, 05/31/12		12,063,000		12,075,256
1.250%, 10/31/15		20,046,000		20,445,356
1.750%, 05/31/16(d)		64,696,000		67,122,100
2.000%, 02/15/22		3,098,000		3,038,460
				150,397,603
Total U.S. Treasury Obligations (Cost $167,743,026)				166,959,478
Preferred Stocks (0.3%)
Banks (0.2%)
US Bancorp, Series F, 6.500%(b)(e)		32,175		874,838
Insurance (0.1%)
Arch Capital Group Ltd., 6.750%(e)		20,575		521,449
Total Preferred Stocks (Cost $1,326,874)				1,396,287
Money Market Fund (6.6%)
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(f)		30,976,574		30,976,574
Total Money Market Fund (Cost $30,976,574)				30,976,574
Total Investments (Cost $475,354,636) — 103.9%				484,917,467
Liabilities in excess of other assets — (3.9)%				(18,303,909	)
Net Assets — 100.0%			$	466,613,558

(a) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 7.6% of net assets as of March 31, 2012.

(b) Variable or floating rate security. Rate disclosed is as of March 31, 2012.

(c) All or a portion of this security has been purchased on a when-issued or delayed-delivery basis.

(d) All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments.

(e) Perpetual maturity.

(f) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

Investment Abbreviations

MTN	—	Medium Term Note
TBA	—	To Be Announced. Securities purchased on a forward commitment basis with an appropriate principal amount and no definitive maturity date. The actual principal and maturity date will be determined upon settlement date.

See Notes to Financial Statements.

49

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Corporate Bond Fund

	Shares or Principal Amount($)		Value($)
Corporate Bonds (94.0%)
Aerospace/Defense (2.1%)
Raytheon Co., 1.400%, 12/15/14		751,000		763,441
United Technologies Corp., 5.700%, 04/15/40		757,000		911,425
				1,674,866
Auto Manufacturers (1.0%)
Volkswagen International Finance, 2.375%, 03/22/17(a)		791,000		793,692
Banks (4.6%)
HSBC Bank PLC, 3.100%, 05/24/16(a)		416,000		423,742
HSBC Bank PLC, 3.500%, 06/28/15(a)		585,000		610,908
JPMorgan Chase & Co., 4.400%, 07/22/20		1,382,000		1,433,705
Wells Fargo & Co., MTN, 1.250%, 02/13/15		1,176,000		1,171,201
				3,639,556
Beverages (1.2%)
SABMiller Holdings, Inc., 2.450%, 01/15/17(a)		978,000		990,267
Biotechnology (0.5%)
Life Technologies Corp., 5.000%, 01/15/21		361,000		390,879
Chemicals (0.6%)
E.I. du Pont de Nemours & Co., 4.250%, 04/01/21		426,000		479,561
Commercial Services (1.5%)
ERAC USA Finance LLC, 2.750%, 03/15/17(a)		323,000		322,671
ERAC USA Finance LLC, 5.250%, 10/01/20(a)		593,000		642,902
ERAC USA Finance LLC, 5.800%, 10/15/12(a)		265,000		271,409
				1,236,982
Computers (3.4%)
Hewlett-Packard Co., 4.650%, 12/09/21		701,000		733,341
Hewlett-Packard Co., 6.125%, 03/01/14		259,000		281,869
IBM Corp., 0.875%, 10/31/14		1,693,000		1,698,180
				2,713,390
Cosmetics/Personal Care (0.4%)
Colgate-Palmolive Co., MTN, 0.600%, 11/15/14		319,000		318,125

	Shares or Principal Amount($)		Value($)
Diversified Financial Services (14.4%)
ABB Treasury Center USA, Inc., 4.000%, 06/15/21(a)		707,000		722,702
American Express Credit Corp., MTN, 2.375%, 03/24/17		691,000		692,063
CME Group, Inc., 5.750%, 02/15/14		1,176,000		1,282,366
General Electric Capital Corp., MTN, 4.650%, 10/17/21		1,573,000		1,674,175
John Deere Capital Corp., MTN, 1.250%, 12/02/14		633,000		641,188
Lazard Group LLC, 6.850%, 06/15/17		1,545,000		1,698,548
Lazard Group LLC, 7.125%, 05/15/15		269,000		291,677
MassMutual Global Funding LLC, 2.000%, 04/05/17(a)(b)		650,000		647,788
NASDAQ OMX Group, Inc. (The), 5.550%, 01/15/20		645,000		661,743
PACCAR Financial Corp., MTN, 1.550%, 09/29/14		938,000		954,397
Toyota Motor Credit Corp., MTN, 3.200%, 06/17/15		724,000		769,214
Woodside Finance Ltd., 4.600%, 05/10/21(a)(c)		1,389,000		1,444,683
				11,480,544
Electric (2.6%)
Alabama Power Co., 5.800%, 11/15/13		81,000		87,442
Dominion Resources, Inc., 1.950%, 08/15/16		299,000		303,113
Georgia Power Co., 6.000%, 11/01/13		480,000		520,347
Southern California Edison Co., 5.750%, 03/15/14		1,084,000		1,187,951
				2,098,853
Electronics (0.4%)
Thermo Fisher Scientific, Inc., 2.250%, 08/15/16		279,000		288,739
Food (0.9%)
Kraft Foods, Inc., 6.500%, 02/09/40		606,000		745,703
Healthcare—Products (0.6%)
Stryker Corp., 2.000%, 09/30/16		449,000		460,247
Insurance (5.4%)
Allied World Assurance Co. Holdings Ltd., 5.500%, 11/15/20		300,000		306,417

See Notes to Financial Statements.

50

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Corporate Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Insurance—continued
Berkshire Hathaway, Inc., 3.200%, 02/11/15		1,282,000		1,365,752
Fairfax Financial Holdings Ltd., 5.800%, 05/15/21(a)		532,000		507,771
OneBeacon U.S. Holdings, Inc., 5.875%, 05/15/13		636,000		654,531
Progressive Corp. (The), 3.750%, 08/23/21		199,000		211,830
Teachers Insurance & Annuity Association of America, 6.850%, 12/16/39(a)		994,000		1,231,000
				4,277,301
Machinery-Construction & Mining (1.5%)
Caterpillar, Inc., 5.200%, 05/27/41		1,060,000		1,222,875
Media (6.7%)
Comcast Corp., 6.450%, 03/15/37		375,000		448,807
NBC Universal Media LLC, 5.950%, 04/01/41		962,000		1,107,125
Thomson Reuters Corp., 5.950%, 07/15/13		24,000		25,457
Time Warner Cable, Inc., 5.850%, 05/01/17		968,000		1,129,576
Time Warner Cable, Inc., 8.250%, 02/14/14		912,000		1,032,543
Time Warner, Inc., 6.200%, 03/15/40		377,000		427,185
Walt Disney Co. (The), 2.750%, 08/16/21		638,000		635,480
Walt Disney Co. (The), MTN, 3.750%, 06/01/21		532,000		571,763
				5,377,936
Mining (5.9%)
Barrick (PD) Australia Finance Property Ltd., 5.950%, 10/15/39		816,000		899,548
Barrick International Barbados Corp., 6.350%, 10/15/36(a)		753,000		853,729
BHP Billiton Finance USA Ltd., 1.125%, 11/21/14		661,000		665,579
Kinross Gold Corp., 5.125%, 09/01/21(a)		1,272,000		1,291,584
Newmont Mining Corp., 6.250%, 10/01/39		910,000		1,011,297
				4,721,737

	Shares or Principal Amount($)		Value($)
Miscellaneous Manufacturer (1.2%)
3M Co., 1.375%, 09/29/16		417,000		419,777
General Electric Co., 5.250%, 12/06/17		455,000		526,191
				945,968
Office/Business Equipment (0.4%)
Xerox Corp., 2.950%, 03/15/17		355,000		358,719
Oil & Gas (7.6%)
BP Capital Markets PLC, 2.248%, 11/01/16		839,000		860,568
Ensco PLC, 4.700%, 03/15/21		757,000		816,714
Phillips 66, 4.300%, 04/01/22(a)		690,000		701,867
Shell International Finance BV, 4.300%, 09/22/19		518,000		587,257
Shell International Finance BV, 5.500%, 03/25/40		859,000		1,046,119
Statoil ASA, 3.125%, 08/17/17		1,344,000		1,441,725
Total Capital SA, 3.000%, 06/24/15		600,000		622,891
				6,077,141
Oil & Gas Services (2.3%)
Baker Hughes, Inc., 5.125%, 09/15/40		920,000		1,046,666
Weatherford International Ltd., 5.125%, 09/15/20		273,000		290,436
Weatherford International Ltd., 6.500%, 08/01/36		499,000		537,831
				1,874,933
Pharmaceuticals (1.6%)
Teva Pharmaceutical Finance Co. LLC, 6.150%, 02/01/36		322,000		386,229
Teva Pharmaceutical Finance II/III, 3.000%, 06/15/15		823,000		866,243
				1,252,472
Pipelines (6.2%)
El Paso Natural Gas Co., 5.950%, 04/15/17		329,000		363,135
El Paso Pipeline Partners Operating Co. LLC, 6.500%, 04/01/20		355,000		396,712
Enbridge Energy Partners LP, 5.500%, 09/15/40		714,000		757,390
Energy Transfer Partners LP, 6.050%, 06/01/41		722,000		728,566

See Notes to Financial Statements.

51

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Corporate Bond Fund — concluded

	Shares or Principal Amount($)		Value($)
Pipelines—continued
Energy Transfer Partners LP, 6.625%, 10/15/36		583,000		604,781
Rockies Express Pipeline LLC, 6.850%, 07/15/18(a)		251,000		233,430
Southern Natural Gas Co., 5.900%, 04/01/17(a)		39,000		44,164
TC Pipelines LP, 4.650%, 06/15/21		611,000		638,838
Transcontinental Gas Pipe Line Co. LLC, 6.050%, 06/15/18		65,000		76,850
Williams Partners LP, 4.125%, 11/15/20		1,075,000		1,104,564
				4,948,430
Real Estate Investment Trusts (3.7%)
BioMed Realty LP, 3.850%, 04/15/16		648,000		669,456
Digital Realty Trust LP, 5.875%, 02/01/20		994,000		1,082,691
Healthcare Realty Trust, Inc., 6.500%, 01/17/17		1,116,000		1,223,522
				2,975,669
Retail (1.5%)
Wesfarmers Ltd., 6.998%, 04/10/13(a)		1,102,000		1,160,757
Semiconductors (3.2%)
Analog Devices, Inc., 3.000%, 04/15/16		237,000		249,597
Intel Corp., 1.950%, 10/01/16		497,000		511,885
Intel Corp., 4.800%, 10/01/41		1,664,000		1,772,498
				2,533,980
Telecommunication Services (11.0%)
AT&T, Inc., 5.550%, 08/15/41		636,000		704,957
CC Holdings GS V LLC/Crown Castle GS III Corp., 7.750%, 05/01/17(a)		1,884,000		2,053,560
Cellco Partnership/Verizon Wireless Capital LLC, 5.550%, 02/01/14		784,000		847,923
CenturyLink, Inc., 6.450%, 06/15/21		777,000		797,598
Cisco Systems, Inc., 5.500%, 01/15/40		871,000		1,015,477
Juniper Networks, Inc., 4.600%, 03/15/21		247,000		262,288
SBC Communications, Inc., 5.100%, 09/15/14		1,171,000		1,288,933
SBC Communications, Inc., 6.450%, 06/15/34		313,000		369,056

	Shares or Principal Amount($)		Value($)
Telecommunication Services—continued
Verizon Communications, Inc., 5.550%, 02/15/16		1,155,000		1,326,567
Verizon Communications, Inc., 5.850%, 09/15/35		120,000		137,743
				8,804,102
Trucking & Leasing (1.6%)
Aviation Capital Group Corp., 7.125%, 10/15/20(a)		1,233,000		1,238,031
Total Corporate Bonds (Cost $70,759,243)				75,081,455
Preferred Stocks (1.6%)
Banks (1.0%)
US Bancorp, Series F, 6.500%(d)		29,250		795,308
Insurance (0.6%)
Arch Capital Group Ltd., 6.750%(d)		17,325		439,081
Total Preferred Stocks (Cost $1,169,068)				1,234,389
Money Market Fund (2.0%)
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(e)		1,579,563		1,579,563
Total Money Market Fund (Cost $1,579,563)				1,579,563
Total Investments (Cost $73,507,874) — 97.6%				77,895,407
Other assets in excess of liabilities — 2.4%				1,949,500
Net Assets — 100.0%			$	79,844,907

(a) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 20.3% of net assets as of March 31, 2012.

(b) All or a portion of this security has been purchased on a when-issued or delayed-delivery basis.

(c) All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments.

(d) Perpetual maturity.

(e) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

Investment Abbreviations

MTN — Medium Term Note

See Notes to Financial Statements.

52

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012    

Georgia Tax-Exempt Bond Fund

	Shares or Principal Amount($)		Value($)
Municipal Bonds (97.9%)
Georgia (87.8%)
Association County Commissioners of Georgia Leasing Program, Georgia Public Purpose Project, COP, 5.250%, 04/01/21, Pre-refunded 04/01/14 @ 102, XLCA		2,680,000		2,955,263
Athens-Clarke County Unified Government Development Authority, RB, 5.250%, 07/01/27		1,885,000		2,143,716
Athens-Clarke County Unified Government Development Authority, RB, 5.250%, 07/01/29		1,690,000		1,899,205
Athens-Clarke County Unified Government Development Authority, Catholic Health East, RB, 6.250%, 11/15/32		1,470,000		1,657,675
Athens-Clarke County Unified Government Water & Sewerage, RB, 5.500%, 01/01/38(a)		4,000,000		4,441,640
Athens-Clarke County Unified Government Water & Sewerage, RB, 5.625%, 01/01/33(a)		3,000,000		3,409,230
Atlanta Airport Passenger Facility Charge, Series B, RB, 5.000%, 01/01/21		2,000,000		2,318,240
Atlanta Airport Project, Series A, RB, 5.375%, 01/01/19, AGM, AMT		5,000,000		5,308,250
Atlanta Airport Project, Series C, RB, 5.000%, 01/01/19		1,000,000		1,169,310
Burke County Development Authority, Georgia Power Company, RB, 1.400%, 11/01/48		1,890,000		1,893,270
Carroll County Water Authority, Water & Sewer, RB, 5.250%, 07/01/22, AGM		1,000,000		1,115,550
Central Valdosta Development Authority, Lowndes County Judicial Project, RB, 5.250%, 06/01/21, XLCA/County Guaranteed		1,885,000		2,000,513

	Shares or Principal Amount($)		Value($)
Georgia—continued
Cherokee County Georgia Resource Recovery Development Authority, Solid Waste Disposal, RB, 5.000%, 07/01/37, AMBAC/County Guaranteed, AMT		1,000,000		1,035,860
Clarke County Hospital Authority, Athens Regional Medical Center, RB, 5.000%, 01/01/32		1,180,000		1,285,397
Cobb County Development Authority, Solid Waste Disposal, Georgia Waste Management Project, Series A, RB, 5.000%, 04/01/33, AMT		1,000,000		1,022,880
Cobb County Kennestone Hospital Authority, RB, 5.250%, 04/01/41		1,000,000		1,076,490
DeKalb County Government Authority Water & Sewerage, Series B, RB, 5.250%, 10/01/24		1,100,000		1,359,688
DeKalb County Government Authority Water & Sewerage, Series B, RB, 5.250%, 10/01/32, AGM		2,725,000		3,175,715
DeKalb County Hospital Authority, DeKalb Medical Center, Inc. Project, RB, 6.125%, 09/01/40		4,080,000		4,371,801
DeKalb Private Hospital Authority, Children’s Healthcare of Atlanta, Inc., RB, 5.000%, 11/15/29		6,300,000		6,817,797
DeKalb Private Hospital Authority, Children’s Healthcare of Atlanta, Inc., RB, 5.250%, 11/15/39		3,000,000		3,217,710
Douglas County School District, GO, 4.000%, 04/01/16, State Aid Withholding		1,040,000		1,167,129
Douglasville-Douglas County Water & Sewer Authority, RB, 5.625%, 06/01/15, AMBAC		675,000		709,641
Downtown Smyrna Development Authority, RB, 5.250%, 02/01/28		1,000,000		1,208,890

See Notes to Financial Statements.

53

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012    

Georgia Tax-Exempt Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Georgia—continued
Forsyth County, GO, 5.000%, 03/01/25		6,825,000		7,951,125
Forsyth County School District, GO, 5.000%, 02/01/23, NATL-RE		3,000,000		3,325,140
Fulton County Development Authority, Georgia Tech Athletic Association, RB, 5.000%, 10/01/42		5,025,000		5,315,395
Fulton County Development Authority, Georgia Tech Athletic Association, Series A, RB, 5.750%, 10/01/41		395,000		438,940
Fulton County Development Authority, Molecular Science Building Project, RB, 5.250%, 05/01/22, NATL-RE		2,370,000		2,529,074
Fulton County Development Authority, Molecular Science Building Project, RB, 5.250%, 05/01/27, NATL-RE		3,375,000		3,577,095
Fulton County Development Authority, Robert Woodruff Arts Center, Inc., Series B, RB, 5.250%, 03/15/24		1,300,000		1,420,094
Georgia State Higher Education Facilities Authority, USG Real Estate Foundation I LLC, RB, 6.000%, 06/15/34		1,065,000		1,179,764
Georgia State Road & Tollway Authority, Series B, RB, 5.000%, 10/01/19, State Guaranteed		3,450,000		4,288,591
Glynn County School District, GO, 4.000%, 09/01/15, State Aid Withholding		720,000		801,432
Glynn-Brunswick Memorial Hospital Authority, SouthEast Health System, Series A, RB, 5.500%, 08/01/28		1,800,000		1,916,532
Glynn-Brunswick Memorial Hospital Authority, SouthEast Health System, Series A, RB, 5.625%, 08/01/34		2,000,000		2,124,980

	Shares or Principal Amount($)		Value($)
Georgia—continued
Gwinnett County Development Authority, Public Schools Project, COP, 5.250%, 01/01/21, Pre-refunded 01/01/2014 @ 100, NATL-RE		2,910,000		3,157,845
Gwinnett County School District, GO, 5.000%, 02/01/20		1,235,000		1,534,426
Gwinnett County School District, GO, 5.000%, 02/01/32		4,745,000		5,279,477
Henry County Water & Sewerage Authority, RB, 6.150%, 02/01/20, AMBAC		2,100,000		2,650,851
Houston County School District, Sales Tax, GO, 4.000%, 09/01/14, State Aid Withholding		985,000		1,067,947
Lincoln County School District, GO, 5.500%, 04/01/37, State Aid Withholding		1,000,000		1,139,240
Milledgeville & Baldwin County Development Authority, Georgia College & State University Foundation, RB, 6.000%, 09/01/33, Pre-refunded 09/01/14 @ 101		2,355,000		2,693,861
Municipal Electric Authority of Georgia, Series A, RB, 5.000%, 01/01/21		2,030,000		2,395,197
Municipal Electric Authority of Georgia, Series B, RB, 4.000%, 01/01/16		755,000		829,126
Private Colleges & Universities Authority, Emory University, Series B, RB, 5.000%, 09/01/29		3,000,000		3,358,260
Private Colleges & Universities Authority, Emory University, Series C, RB, 5.250%, 09/01/39		3,500,000		3,892,245
Richmond County Hospital Authority, University Health Services, Inc. Project, RB, 5.250%, 01/01/29		2,250,000		2,375,325

See Notes to Financial Statements.

54

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012    

Georgia Tax-Exempt Bond Fund — concluded

	Shares or Principal Amount($)		Value($)
Georgia—continued
Thomasville Hospital Authority, John D. Archhold Memorial Hospital, RB, 5.375%, 11/01/40		2,510,000		2,637,508
Valdosta Board of Education, Sales Tax, GO, 3.000%, 02/01/15, State Aid Withholding		505,000		537,234
Valdosta Board of Education, Sales Tax, GO, 4.000%, 02/01/16, State Aid Withholding		2,340,000		2,603,063
Walton County School District, GO, 4.000%, 08/01/16, State Aid Withholding(b)		980,000		1,102,667
Walton County School District, Series A, GO, 5.000%, 08/01/21, NATL-RE(a)		2,575,000		2,904,214
				131,787,508
Puerto Rico (10.1%)
Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series A, RB, 5.250%, 07/01/42		2,250,000		2,216,272
Puerto Rico Commonwealth Highway & Transportation Authority Highway, Series CC, RB, 5.500%, 07/01/30		2,560,000		2,734,106
Puerto Rico Sales Tax Financing Corp., Sales Tax Revenue, Series A, RB, 5.250%, 08/01/57		1,600,000		1,674,336
Puerto Rico Sales Tax Financing Corp., Sales Tax Revenue, Series A, RB, 5.500%, 08/01/28, Pre-refunded 08/01/19 @ 100		20,000		25,643
Puerto Rico Sales Tax Financing Corp., Sales Tax Revenue, Series A, RB, 5.500%, 08/01/28		2,280,000		2,560,121

	Shares or Principal Amount($)		Value($)
Puerto Rico—continued
Puerto Rico Sales Tax Financing Corp., Sales Tax Revenue, Series A, RB, 5.500%, 08/01/42		3,100,000		3,321,619
Puerto Rico Sales Tax Financing Corp., Sales Tax Revenue, Series A, RB, 6.000%, 08/01/42		2,335,000		2,626,081
				15,158,178
Total Municipal Bonds (Cost $136,873,800)				146,945,686
Money Market Fund (2.5%)
Federated Tax-Free Obligations Fund, Institutional Shares, 0.04%(c)		3,710,700		3,710,700
Total Money Market Fund ( Cost $3,710,700)				3,710,700
Total Investments (Cost $140,584,500) — 100.4%				150,656,386
Liabilities in excess of other assets — (0.4)%				(573,203	)
Net Assets — 100.0%			$	150,083,183

(a) All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments.

(b) All or a portion of this security has been purchased on a when-issued or delayed-delivery basis.

(c) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

Investment Abbreviations

AGM	—	Security guaranteed by Assured Guaranty Municipal Corporation
AMBAC	—	Security guaranteed by American Municipal Bond Assurance Corporation
AMT	—	Income subject to Alternative Minimum Tax
COP	—	Certificate of Participation
GO	—	General Obligation
NATL-RE	—	Reinsurance provided by National Public Finance Guarantee Corporation
RB	—	Revenue Bond
XLCA	—	Security guaranteed by XL Capital Assurance, Inc.

See Notes to Financial Statements.

55

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

High Grade Municipal Bond Fund

	Shares or Principal Amount($)		Value($)
Municipal Bonds (80.2%)
Alabama (4.4%)
Birmingham Special Care Facilities Financing Authority Health Care Facilities, Children’s Hospital of Alabama, RB, 6.000%, 06/01/39, AGC		2,000,000		2,263,840
Alaska (4.6%)
Matanuska-Susitna Borough Lease, Goose Creek Correctional Center, RB, 6.000%, 09/01/28, AGC(a)		2,000,000		2,367,180
California (4.8%)
California State, GO, 6.500%, 04/01/33(a)		2,000,000		2,432,120
District of Columbia (4.7%)
District of Columbia, Income Tax, Series A, RB, 5.500%, 12/01/30		2,000,000		2,399,320
Florida (2.0%)
Osceola County Tourist Development Tax Authority, Series A, RB, 5.500%, 10/01/15, NATL-RE/FGIC		1,000,000		1,023,590
Georgia (6.9%)
Fulton County Development Authority, Georgia Tech Athletic Association, RB, 5.750%, 10/01/36		1,250,000		1,405,963
Fulton County Development Authority, RB, 5.000%, 10/01/42		2,000,000		2,115,580
				3,521,543
Idaho (5.7%)
Idaho Health Facilities Authority, Series A, RB, 6.750%, 11/01/37		2,500,000		2,896,075
Illinois (2.2%)
University of Illinois, Auxiliary Facilities System, Series A, RB, 5.750%, 04/01/38		1,000,000		1,107,900
Kansas (3.3%)
Kansas State Development Finance Authority, Adventist Bolingbrook Hospital, RB, 5.750%, 11/15/38(a)		1,500,000		1,704,735

	Shares or Principal Amount($)		Value($)
Maine (5.6%)
Maine State Turnpike Authority, RB, 6.000%, 07/01/38(a)		2,500,000		2,878,125
New Jersey (5.9%)
New Jersey Educational Facilities Authority, Series A, RB, 4.000%, 07/01/27(b)		795,000		790,023
New Jersey State Transportation Trust Fund Authority, Transportation System, Series A, RB, 6.000%, 12/15/38, Pre-refunded 12/15/2018 @ 100		1,955,000		2,227,312
				3,017,335
New York (2.3%)
Erie County Industrial Development Agency, City School District Buffalo, Series A, RB, 5.750%, 05/01/29, BHAC		1,000,000		1,147,540
Ohio (2.2%)
University of Cincinnati, Series A, RB, 5.000%, 06/01/30		1,000,000		1,134,700
Texas (14.2%)
Austin, Series 2005, GO, 5.000%, 09/01/19, NATL-RE		1,000,000		1,123,640
Dallas Independent School District, GO, 6.375%, 02/15/34, PSF-GTD(a)		4,000,000		4,965,360
Harris County Health Facilities Development Authority, Memorial Hermann Healthcare System, Series B, RB, 7.125%, 12/01/31		1,000,000		1,191,600
				7,280,600
Washington (11.4%)
Central Puget Sound Regional Transit Authority, Series A, RB, 5.000%, 11/01/23, AMBAC		1,500,000		1,674,780
Port of Seattle, Series A, RB, 5.000%, 08/01/30		2,000,000		2,241,620

See Notes to Financial Statements.

56

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

High Grade Municipal Bond Fund — concluded

	Shares or Principal Amount($)		Value($)
Washington—continued
Seattle Washington Municipal Light & Power, RB, 5.750%, 04/01/29, BHAC(a)		1,635,000		1,915,958
				5,832,358
Total Municipal Bonds (Cost $36,968,056)				41,006,961
Money Market Fund (16.6%)
Federated Tax-Free Obligations Fund, Institutional Shares, 0.04%(c)		8,480,299		8,480,299
Total Money Market Fund (Cost $8,480,299)				8,480,299
Total Investments (Cost $45,448,355) — 96.8%				49,487,260
Other assets in excess of liabilities — 3.2%				1,631,408
Net Assets — 100.0%			$	51,118,668

(a) All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments.

(b) All or a portion of this security has been purchased on a when-issued or delayed-delivery basis.

(c) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

Investment Abbreviations

AGC	—	Security guaranteed by Assured Guaranty Corporation
AMBAC	—	Security guaranteed by American Municipal Bond Assurance Corporation
BHAC	—	Security guaranteed by Berkshire Hathaway Assurance Corporation
FGIC	—	Security guaranteed by Financial Guaranty Insurance Company
GO	—	General Obligation
NATL-RE	—	Reinsurance provided by National Public Finance Guarantee Corporation
PSF-GTD	—	Security guaranteed by Permanent School Fund Guarantee Program
RB	—	Revenue Bond

See Notes to Financial Statements.

57

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

High Income Fund

	Shares or Principal Amount($)		Value($)
Bank Loans (4.4%)
Diversified Financial Services (0.0%)(a)
American Capital Holdings, Inc., Term Loan, 7.500%, 12/31/13(b)(c)		160,717		159,110
Energy (1.2%)
Aventine Renewable Energy Holdings, Inc., Term Loan B, 10.500%, 12/21/15(b)(d)		10,771,205		8,275,840
Media (1.7%)
Tribune Co., Term Loan B, 0.000%, 06/04/14(b)(c)(e)(f)		17,500,000		11,491,725
Oil & Gas (0.5%)
Energy Transfer Equity, L.P., Term Loan B, 03/21/17(c)(g)(h)		2,165,000		2,123,064
EP Energy Corp., Unsecured Bridge Loan, 10/31/12(c)(g)(h)		1,375,000		1,375,000
				3,498,064
Real Estate (0.7%)
Istar Financial, Inc., Term Loan A1, 03/15/16(c)(g)(h)		5,000,000		4,918,750
Telecommunication Services (0.3%)
Intelsat Jackson Holdings SA, Tranche B Term Loan, 5.250%, 04/02/18(b)(c)		1,985,000		1,998,021
Total Bank Loans (Cost $32,207,746)				30,341,510
Corporate Bonds (83.8%)
Advertising (0.5%)
Affinion Group, Inc., 7.875%, 12/15/18		1,675,000		1,524,250
Affinion Group, Inc., 11.500%, 10/15/15		1,650,000		1,555,125
Checkout Holding Corp., 0.000%, 11/15/15(c)(d)		1,675,000		695,125
				3,774,500
Aerospace/Defense (1.3%)
BE Aerospace, Inc., 5.250%, 04/01/22		4,795,000		4,842,950
Ducommun, Inc., 9.750%, 07/15/18		1,080,000		1,144,800
Kratos Defense & Security Solutions, Inc., 10.000%, 06/01/17		1,700,000		1,840,250
Triumph Group, Inc., 8.625%, 07/15/18		1,200,000		1,344,000
				9,172,000

	Shares or Principal Amount($)		Value($)
Airlines (1.6%)
Air Canada Inc., 9.250%, 08/01/15(c)(i)		2,875,000		2,803,125
Delta Air Lines, Inc., 9.500%, 09/15/14(c)(i)(j)		4,647,000		4,949,055
Delta Air Lines, Inc., 12.250%, 03/15/15(c)(i)		1,185,000		1,276,837
United Air Lines, Inc., 12.000%, 11/01/13(c)(j)		2,000,000		2,120,000
				11,149,017
Auto Manufacturers (1.0%)
Ford Motor Co., 7.450%, 07/16/31(i)		5,440,000		6,650,400
General Motors Co. Escrow, 7.200%(d)(e)(i)(k)(l)		17,182,000		171,820
General Motors Co. Escrow, 8.375%(d)(e)(i)(k)(l)		36,800,000		368,000
				7,190,220
Auto Parts & Equipment (0.5%)
Tower Automotive Holdings USA LLC / TA Holdings Finance, Inc., 10.625%, 09/01/17(c)(i)		540,000		585,900
Visteon Corp., 6.750%, 04/15/19		2,700,000		2,740,500
				3,326,400
Banks (2.2%)
Ally Financial, Inc., 5.500%, 02/15/17(j)		3,305,000		3,308,930
Ally Financial, Inc., 7.500%, 09/15/20(j)		6,000,000		6,480,000
Ally Financial, Inc., 8.000%, 11/01/31(j)		1,675,000		1,846,688
Bank of America Corp., 5.700%, 01/24/22		2,345,000		2,482,379
Provident Funding Associates LP / PFG Finance Corp., 10.125%, 02/15/19(c)		1,645,000		1,209,075
				15,327,072
Building Materials (0.7%)
Masco Corp., 5.950%, 03/15/22		2,640,000		2,646,143
USG Corp., 8.375%, 10/15/18(c)		855,000		876,375
USG Corp., 9.750%, 01/15/18		1,135,000		1,126,488
				4,649,006

See Notes to Financial Statements.

58

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

High Income Fund — continued

	Shares or Principal Amount($)		Value($)
Chemicals (1.0%)
Kinove German Bondco GmbH, 9.625%, 06/15/18(c)		1,100,000		1,144,000
Rain CII Carbon LLC, 8.000%, 12/01/18(c)		1,825,000		1,911,687
Taminco Global Chemical Corp., 9.750%, 03/31/20(c)		2,380,000		2,475,200
Vertellus Specialties, Inc., 9.375%, 10/01/15(c)		1,500,000		1,140,000
				6,670,887
Coal (0.7%)
Arch Coal, Inc., 7.000%, 06/15/19(c)(i)		2,220,000		2,047,950
Peabody Energy Corp., 6.250%, 11/15/21(c)		3,005,000		2,944,900
				4,992,850
Commercial Services (4.8%)
Avis Budget Car Rental LLC, 9.625%, 03/15/18		660,000		716,100
Cenveo Corp., 7.875%, 12/01/13(i)		3,195,000		3,051,225
Cenveo Corp., 11.500%, 05/15/17(c)		7,190,000		6,614,800
Monitronics International, Inc., 9.125%, 04/01/20(c)		4,805,000		4,865,062
ServiceMaster Co., 8.000%, 02/15/20(c)		6,170,000		6,571,050
Speedy Cash, Inc., 10.750%, 05/15/18(c)		2,635,000		2,727,225
UR Financing Escrow Corp., 5.750%, 07/15/18(c)		2,140,000		2,190,825
UR Financing Escrow Corp., 7.375%, 05/15/20(c)		3,015,000		3,082,838
UR Financing Escrow Corp., 7.625%, 04/15/22(c)		3,770,000		3,873,675
				33,692,800
Diversified Financial Services (4.5%)
Aircastle Ltd., 6.750%, 04/15/17(b)(c)		2,995,000		2,995,000
Aircastle Ltd., 7.625%, 04/15/20(b)(c)		2,095,000		2,095,000
Aircastle Ltd., 9.750%, 08/01/18(i)		600,000		669,000
Community Choice Financial, Inc., 10.750%, 05/01/19(c)		1,885,000		1,840,231
E*Trade Financial Corp. PIK, 12.500%, 11/30/17		4,281,000		4,982,014

	Shares or Principal Amount($)		Value($)
Diversified Financial Services—continued
International Lease Finance Corp., 6.250%, 05/15/19		2,380,000		2,349,248
International Lease Finance Corp., 8.250%, 12/15/20		2,330,000		2,563,489
International Lease Finance Corp., 8.750%, 03/15/17		7,430,000		8,265,875
Neuberger Berman Group LLC/Neuberger Berman Finance Corp., 5.625%, 03/15/20(c)		2,250,000		2,266,875
Neuberger Berman Group LLC/Neuberger Berman Finance Corp., 5.875%, 03/15/22(c)		3,600,000		3,636,000
				31,662,732
Electric (5.6%)
Calpine Corp., 7.250%, 10/15/17(c)		2,105,000		2,231,300
Edison Mission Energy, 7.200%, 05/15/19		4,735,000		2,935,700
Edison Mission Energy, 7.750%, 06/15/16(i)(j)		13,650,000		9,418,500
Energy Future Holdings Corp., 10.000%, 01/15/20		2,750,000		2,983,750
Energy Future Intermediate Holding Co. LLC / EFIH Finance, Inc., 10.000%, 12/01/20		1,080,000		1,177,200
GenOn Energy, Inc., 9.500%, 10/15/18(i)		1,555,000		1,430,600
GenOn Energy, Inc., 9.875%, 10/15/20		740,000		673,400
Midwest Generation LLC, Series B, 8.560%, 01/02/16(i)		2,991,280		2,849,194
NRG Energy, Inc., 7.625%, 05/15/19		2,375,000		2,291,875
NRG Energy, Inc., 7.875%, 05/15/21		4,725,000		4,536,000
Texas Competitive Electric Holdings Co. LLC, 11.500%, 10/01/20(c)(i)		12,895,000		8,413,988
				38,941,507
Electronics (0.4%)
Rexel SA, 6.125%, 12/15/19(c)		2,780,000		2,814,750

See Notes to Financial Statements.

59

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

High Income Fund — continued

	Shares or Principal Amount($)		Value($)
Energy-Alternate Sources (0.2%)
First Wind Capital LLC, 10.250%, 06/01/18(c)		1,600,000		1,608,000
Engineering & Construction (0.1%)
Aguila 3 S.A., 7.875%, 01/31/18(c)		875,000		914,375
Entertainment (3.6%)
CCM Merger, Inc., 9.125%, 05/01/19(c)		3,360,000		3,393,600
Codere Finance Luxembourg SA, 9.250%, 02/15/19(c)		4,630,000		4,595,275
Diamond Resorts Corp., 12.000%, 08/15/18		10,025,000		10,726,750
FireKeepers Development Authority, 13.875%, 05/01/15(c)		1,680,000		1,869,000
Pinnacle Entertainment, Inc., 7.750%, 04/01/22		1,170,000		1,225,575
Pinnacle Entertainment, Inc., 8.750%, 05/15/20(i)		750,000		819,375
Regal Entertainment Group, 9.125%, 08/15/18(i)		2,500,000		2,737,500
				25,367,075
Food (0.1%)
Post Holdings, Inc., 7.375%, 02/15/22(c)		920,000		963,700
Gas (0.2%)
Sabine Pass LNG LP, 7.500%, 11/30/16		1,565,000		1,678,463
Healthcare—Products (2.4%)
DJO Finance LLC / DJO Finance Corp., 8.750%, 03/15/18(c)		1,545,000		1,560,450
Kinetic Concepts, Inc. / KCI USA, Inc., 10.500%, 11/01/18(c)		5,050,000		5,245,687
Kinetic Concepts, Inc. /KCI USA, Inc., 12.500%, 11/01/19(c)		3,080,000		2,895,200
Physio-Control International, Inc., 9.875%, 01/15/19(c)		5,315,000		5,580,750
Rotech Healthcare, Inc., 10.750%, 10/15/15		1,470,000		1,464,488
				16,746,575
Healthcare—Services (4.0%)
Apria Healthcare Group, Inc., 11.250%, 11/01/14		500,000		523,125

	Shares or Principal Amount($)		Value($)
Healthcare—Services—continued
Community Health Systems, Inc., 8.000%, 11/15/19(c)(i)		1,000,000		1,032,500
Community Health Systems, Inc., 8.875%, 07/15/15(i)		108,000		111,915
Fresenius Medical Care US Finance II, Inc., 5.625%, 07/31/19(c)		4,500,000		4,635,000
Fresenius Medical Care US Finance II, Inc., 5.875%, 01/31/22(c)		4,500,000		4,623,750
INC Research LLC, 11.500%, 07/15/19(c)		6,900,000		6,727,500
Kindred Healthcare, Inc., 8.250%, 06/01/19		1,525,000		1,328,656
MedImpact Holdings, Inc., 10.500%, 02/01/18(c)		5,225,000		5,303,375
Tenet Healthcare Corp., 6.250%, 11/01/18(c)		3,240,000		3,345,300
				27,631,121
Holding Companies-Divers (0.6%)
MMI International Ltd., 8.000%, 03/01/17(c)(i)		3,840,000		3,974,400
Household Products/Wares (0.6%)
Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC, 9.875%, 08/15/19(c)		1,000,000		1,022,500
Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC / Reynolds Group Issuer Luxembourg I SA, 7.875%, 08/15/19(c)		3,000,000		3,225,000
				4,247,500
Insurance (2.2%)
Genworth Financial, Inc., 6.150%, 11/15/66(b)		6,005,000		4,053,375
MBIA Insurance Corp., 14.000%, 01/15/33(b)(c)(j)		13,325,000		8,061,625
MBIA, Inc., 5.700%, 12/01/34		2,025,000		1,255,500
MBIA, Inc., 6.625%, 10/01/28		2,650,000		1,815,250
				15,185,750
Internet (0.9%)
Atlantic Broadband Finance LLC, 9.375%, 01/15/14		725,000		726,813

See Notes to Financial Statements.

60

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

High Income Fund — continued

	Shares or Principal Amount($)		Value($)
Internet—continued
Equinix, Inc., 7.000%, 07/15/21		2,085,000		2,288,287
Zayo Group LLC, 10.250%, 03/15/17		2,600,000		2,905,500
				5,920,600
Investment Companies (0.8%)
Offshore Group Investments Ltd., 11.500%, 08/01/15		4,775,000		5,252,500
Iron/Steel (1.2%)
AK Steel Corp., 8.375%, 04/01/22		3,735,000		3,622,950
APERAM, 7.375%, 04/01/16(c)		750,000		733,125
APERAM, 7.750%, 04/01/18(c)		750,000		723,750
JMC Steel Group, 8.250%, 03/15/18(c)		2,975,000		3,094,000
				8,173,825
Leisure Time (0.2%)
ClubCorp Club Operations, Inc., 10.000%, 12/01/18		1,000,000		1,045,000
Lodging (1.9%)
Caesars Operating Escrow LLC / Caesars Escrow Corp., 8.500%, 02/15/20(c)		3,485,000		3,545,987
Chester Downs & Marina LLC, 9.250%, 02/01/20(c)		1,080,000		1,140,750
Downstream Development Authority of the Quapaw Tribe of Oklahoma, 10.500%, 07/01/19(c)		4,840,000		4,991,250
MGM Resorts International, 7.625%, 01/15/17(i)		3,325,000		3,433,063
				13,111,050
Machinery-Diversified (0.1%)
Manitowoc Co., Inc. (The), 8.500%, 11/01/20(i)		790,000		869,000
Media (4.7%)
Block Communications, Inc., 7.250%, 02/01/20(c)		2,690,000		2,740,437
CCO Holdings LLC / Cap Corp., 6.500%, 04/30/21		1,755,000		1,816,425
CCO Holdings LLC / Cap Corp., 7.375%, 06/01/20		1,010,000		1,095,850
CCO Holdings LLC / Cap Corp., 7.875%, 04/30/18		735,000		793,800

	Shares or Principal Amount($)		Value($)
Media—continued
Cequel Communications Holdings I LLC, 8.625%, 11/15/17(c)		2,105,000		2,260,244
Clear Channel Worldwide Holdings, Inc., 7.625%, 03/15/20(c)		880,000		849,200
Clear Channel Worldwide Holdings, Inc., 7.625%, 03/15/20(c)		8,970,000		8,790,600
Entravision Communications Corp., 8.750%, 08/01/17		6,580,000		6,966,575
Gray Television, Inc., 10.500%, 06/29/15		3,594,000		3,737,760
Insight Communications, Inc., 9.375%, 07/15/18(c)		865,000		988,263
Videotron LTee, 5.000%, 07/15/22(c)		2,790,000		2,762,100
				32,801,254
Mining (0.9%)
Consolidated Minerals Ltd., 8.875%, 05/01/16(c)		1,325,000		1,122,937
FMG Resources August 2006 Pty Ltd., 8.250%, 11/01/19(c)		2,405,000		2,525,250
Novelis, Inc., 8.750%, 12/15/20		1,210,000		1,324,950
Vulcan Materials Co., 7.500%, 06/15/21(i)		940,000		1,041,050
				6,014,187
Miscellaneous Manufacturer (0.1%)
Bombardier, Inc., 5.750%, 03/15/22(c)		1,065,000		1,035,713
Office/Business Equipment (0.3%)
CDW LLC / CDW Finance Corp., 8.500%, 04/01/19(c)		1,970,000		2,093,125
Oil & Gas (8.7%)
Chesapeake Energy Corp., 6.125%, 02/15/21		2,910,000		2,880,900
CITGO Petroleum Corp., 11.500%, 07/01/17(c)		4,155,000		4,653,600
Comstock Resources, Inc., 7.750%, 04/01/19		2,160,000		2,008,800
Connacher Oil and Gas Ltd., 8.500%, 08/01/19(c)		5,465,000		5,465,000
Continental Resources, Inc., 5.000%, 09/15/22(c)		3,045,000		3,060,225

See Notes to Financial Statements.

61

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

High Income Fund — continued

	Shares or Principal Amount($)		Value($)
Oil & Gas—continued
Endeavour International Corp., 12.000%, 03/01/18(c)		6,430,000		6,494,300
Hercules Offshore, Inc., 7.125%, 04/01/17(c)(g)		1,080,000		1,081,350
Hercules Offshore, Inc., 10.250%, 04/01/19(c)(g)		2,055,000		2,019,037
Linn Energy LLC/Finance Corp., 6.500%, 05/15/19(c)		3,335,000		3,268,300
Linn Energy LLC/Finance Corp., 8.625%, 04/15/20		855,000		921,263
Northern Tier Energy LLC / Northern Tier Finance Corp., 10.500%, 12/01/17(c)		835,000		910,150
Range Resources Corp., 5.000%, 08/15/22		2,360,000		2,330,500
SandRidge Energy, Inc., 7.500%, 03/15/21		7,715,000		7,599,275
United Refining Co., 10.500%, 02/28/18		14,355,000		14,821,537
WPX Energy, Inc., 6.000%, 01/15/22(c)		3,335,000		3,335,000
				60,849,237
Oil & Gas Services (1.3%)
American Petroleum Tankers LLC, 10.250%, 05/01/15		453,000		473,951
Cie Generale de Geophysique—Veritas, 6.500%, 06/01/21		4,500,000		4,590,000
Hornbeck Offshore Services, Inc., 5.875%, 04/01/20(c)		1,615,000		1,619,038
Oil States International, Inc., 6.500%, 06/01/19		2,140,000		2,247,000
				8,929,989
Packaging & Containers (0.3%)
Ball Corp., 5.000%, 03/15/22		2,285,000		2,290,713
Pharmaceuticals (1.9%)
ConvaTec Healthcare, 10.500%, 12/15/18(c)		9,770,000		10,038,675
Endo Pharmaceuticals Holdings, Inc., 7.000%, 07/15/19		675,000		720,563
Endo Pharmaceuticals Holdings, Inc., 7.250%, 01/15/22		940,000		1,005,800

	Shares or Principal Amount($)		Value($)
Pharmaceuticals—continued
Valeant Pharmaceuticals International, 6.500%, 07/15/16(c)		1,275,000		1,297,312
				13,062,350
Real Estate Investment Trusts (0.2%)
Rouse Co. LP (The), 6.750%, 11/09/15		1,145,000		1,203,681
Retail (2.8%)
AmeriGas Finance LLC/AmeriGas Finance Corp., 6.750%, 05/20/20		2,500,000		2,537,500
AmeriGas Finance LLC/AmeriGas Finance Corp., 7.000%, 05/20/22		5,330,000		5,436,600
Gymboree Corp., 9.125%, 12/01/18(i)		3,290,000		3,035,025
Limited Brands, Inc., 5.625%, 02/15/22		2,740,000		2,763,975
Office Depot, Inc., 9.750%, 03/15/19(c)		2,160,000		2,227,500
Sears Holdings Corp., 6.625%, 10/15/18(i)		3,935,000		3,497,231
				19,497,831
Semiconductors (0.2%)
MEMC Electronic Materials, Inc., 7.750%, 04/01/19		1,400,000		1,113,000
Shipbuilding (1.3%)
Huntington Ingalls Industries, Inc., 6.875%, 03/15/18		3,910,000		4,144,600
Huntington Ingalls Industries, Inc., 7.125%, 03/15/21		4,575,000		4,900,969
				9,045,569
Software (1.2%)
Fidelity National Information Services, Inc., 5.000%, 03/15/22(c)		3,695,000		3,639,575
Lawson Software, Inc., 9.375%, 04/01/19(c)(g)		4,415,000		4,558,487
				8,198,062
Storage/Warehousing (0.1%)
Niska Gas Storage US LLC / Niska Gas Storage Canada ULC, 8.875%, 03/15/18		1,015,000		954,100

See Notes to Financial Statements.

62

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

High Income Fund — continued

	Shares or Principal Amount($)		Value($)
Telecommunication Services (14.3%)
GeoEye, Inc., 8.625%, 10/01/16(i)		640,000		665,600
GeoEye, Inc., 9.625%, 10/01/15		115,000		125,925
Integra Telecom, Inc., 10.750%, 04/15/16(c)		2,055,000		1,890,600
Intelsat Bermuda Ltd., 11.250%, 02/04/17(j)		2,400,000		2,496,000
Intelsat Luxembourg SA, PIK, 11.500%, 02/04/17(c)(j)		2,310,000		2,379,300
Level 3 Communications, Inc., 11.875%, 02/01/19		3,700,000		4,218,000
Level 3 Financing, Inc., 8.125%, 07/01/19(c)		3,000,000		3,097,500
Level 3 Financing, Inc., 8.625%, 07/15/20(c)		3,805,000		3,995,250
Level 3 Financing, Inc., 10.000%, 02/01/18(j)		2,150,000		2,354,250
NII Capital Corp., 7.625%, 04/01/21		8,300,000		8,113,250
Nortel Networks Ltd., 10.750%, 07/15/16(e)(j)		13,960,000		15,600,300
Sable International Finance Ltd., 8.750%, 02/01/20(c)(i)		1,770,000		1,876,200
Satmex Escrow, 9.500%, 05/15/17(b)(c)(g)		475,000		484,500
Satmex Escrow SA de CV, 9.500%, 05/15/17		10,795,000		11,118,850
Sprint Capital Corp., 6.875%, 11/15/28		3,545,000		2,711,925
Sprint Capital Corp., 6.900%, 05/01/19(j)		9,459,000		8,182,035
Sprint Nextel Corp., 6.000%, 12/01/16		5,715,000		5,100,637
Sprint Nextel Corp., 7.000%, 03/01/20(c)		2,470,000		2,507,050
Sprint Nextel Corp., 11.500%, 11/15/21(c)		495,000		532,125
Trilogy International Partners LLC, 10.250%, 08/15/16(c)		5,515,000		4,811,838
UPCB Finance V Ltd., 7.250%, 11/15/21(c)		3,300,000		3,489,750
US West Capital Funding, Inc., 6.875%, 07/15/28		1,635,000		1,562,756
ViaSat, Inc., 6.875%, 06/15/20(c)		2,470,000		2,531,750

	Shares or Principal Amount($)		Value($)
Telecommunication Services—continued
Wind Acquisition Finance Holdings, PIK, 12.250%, 07/15/17(c)(i)		4,358,498		3,738,737
Wind Acquisition Finance SA, 7.250%, 02/15/18(c)		6,200,000		5,843,500
				99,427,628
Transportation (0.9%)
CHC Helicopter SA, 9.250%, 10/15/20(c)		6,150,000		6,103,875
Trucking & Leasing (0.7%)
Aviation Capital Group Corp., 6.750%, 04/06/21(c)		5,000,000		4,849,550
Total Corporate Bonds (Cost $580,611,442)				583,522,539
Convertible Corporate Bond (0.3%)
Auto Parts & Equipment (0.3%)
Meritor, Inc., 4.625%, 03/01/26(b)(i)		2,145,000		1,957,313
Total Convertible Corporate Bond (Cost $1,853,294)				1,957,313
Common Stocks (0.5%)
Auto Manufacturers (0.5%)
Ford Motor Co.*		118,279		1,477,305
General Motors Co.*(i)		66,862		1,715,010
Total Common Stocks (Cost $2,786,166)				3,192,315
Preferred Stocks (0.4%)
Diversified Financial Services (0.4%)
Citigroup Capital XII, 8.500% (b)		10,325		264,320
GMAC Capital Trust I, Series 2, 8.125% (b)		121,110		2,798,852
Total Preferred Stocks (Cost $3,285,875)				3,063,172
Convertible Preferred Stock (0.2%)
Auto Manufacturers (0.2%)
General Motors Co., Series B, 4.750%, 12/01/13(i)		37,965		1,588,835
Total Convertible Preferred Stock (Cost $1,466,208)				1,588,835

See Notes to Financial Statements.

63

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

High Income Fund — concluded

	Shares or Principal Amount($)		Value($)
Warrants (0.8%)
Auto Manufacturers (0.8%)
General Motors Co. Expires at 07/10/16 at $10.00*		199,906		3,324,437
General Motors Co. Expires at 07/10/19 at $18.33*		199,906		2,238,947
Total Warrants (Cost $8,489,022)				5,563,384
Short-Term Investment (7.8%)
RidgeWorth Funds Securities Lending Joint Account (m)		54,246,646		54,246,646
Total Short-Term Investment (Cost $54,246,646)				54,246,646
Money Market Fund (10.5%)
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(n)		72,944,681		72,944,681
Total Money Market Fund (Cost $72,944,681)				72,944,681
Total Investments (Cost $757,891,080) — 108.7%				756,420,395
Liabilities in excess of other assets — (8.7)%				(60,267,474	)
Net Assets — 100.0%			$	696,152,921

* Non-income producing security.

(a) Less than 0.05% of Net Assets.

(b) Variable or floating rate security. Rate disclosed is as of March 31, 2012.

(c) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 45.4% of net assets as of March 31, 2012.

(d) The Fund’s adviser/subadviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees.

(e) Security is in default.

(f) Bankrupt issuer.

(g) All or a portion of this security has been purchased on a when-issued or delayed-delivery basis.

(h) The security does not have a stated settlement date and will receive a rate upon settling with the custodian.

(i) The security or a partial position of the security was on loan as of March 31, 2012. The total value of securities on loan as of March 31, 2012 was $52,185,362.

(j) All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments.

(k) Valued at fair value using procedures approved by the Board of Trustees. Fair valued securities held by the Fund represent 0.1% of net assets as of March 31, 2012.

(l) Security is perpetual in nature and has no stated maturity.

(m) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2012 (See Note 2).

(n) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

Investment Abbreviations

PIK	—	Payment in-kind
ULC	—	Unlimited Liability Company

See Notes to Financial Statements.

64

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Intermediate Bond Fund

	Shares or Principal Amount($)		Value($)
Collateralized Mortgage Obligations (1.6%)
Agency Collateralized Mortgage Obligation (1.5%)
Federal National Mortgage Association, Series 2011-46, Cl B, 3.000%, 05/25/26		17,592,000		17,954,860
Commercial Mortgage Backed Security (0.1%)
LB-UBS Commercial Mortgage Trust, Series 2005-C7, Cl A3, 5.603%, 11/15/30(a)		1,753,000		1,841,274
Total Collateralized Mortgage Obligations (Cost $17,386,471)				19,796,134
Corporate Bonds (33.0%)
Aerospace/Defense (0.8%)
Boeing Co. (The), 5.125%, 02/15/13		243,000		252,813
Raytheon Co., 1.400%, 12/15/14		3,200,000		3,253,011
United Technologies Corp., 6.125%, 02/01/19		5,343,000		6,563,170
				10,068,994
Auto Manufacturers (0.5%)
Daimler Finance N.A. LLC, 3.875%, 09/15/21(b)		2,487,000		2,543,726
Volkswagen International Finance, 2.375%, 03/22/17(b)		3,297,000		3,308,220
				5,851,946
Banks (1.6%)
HSBC Bank PLC, 3.100%, 05/24/16(b)		1,780,000		1,813,129
HSBC Bank PLC, 3.500%, 06/28/15(b)		2,840,000		2,965,775
JPMorgan Chase & Co., 4.400%, 07/22/20		4,388,000		4,552,168
JPMorgan Chase & Co., 6.300%, 04/23/19		780,000		901,301
Northern Trust Corp., 4.625%, 05/01/14		667,000		717,557
Northern Trust Corp., 5.200%, 11/09/12		2,995,000		3,077,986
Wells Fargo & Co., MTN, 1.250%, 02/13/15		4,924,000		4,903,905
				18,931,821

	Shares or Principal Amount($)		Value($)
Beverages (0.8%)
Anheuser-Busch InBev Worldwide, Inc., 3.000%, 10/15/12		4,385,000		4,441,878
Diageo Capital PLC, 5.200%, 01/30/13		1,305,000		1,354,965
SABMiller Holdings, Inc., 2.450%, 01/15/17(b)		4,087,000		4,138,263
				9,935,106
Biotechnology (0.1%)
Life Technologies Corp., 5.000%, 01/15/21		977,000		1,057,862
Chemicals (1.3%)
Air Products & Chemicals, Inc., 4.150%, 02/01/13		1,300,000		1,339,099
E.I. du Pont de Nemours & Co., 4.250%, 04/01/21		1,899,000		2,137,759
E.I. du Pont de Nemours & Co., 5.000%, 07/15/13		2,306,000		2,429,789
Praxair, Inc., 1.750%, 11/15/12		6,243,000		6,293,456
Praxair, Inc., 4.625%, 03/30/15		3,143,000		3,486,907
				15,687,010
Commercial Services (0.6%)
ERAC USA Finance LLC, 2.750%, 03/15/17(b)		1,154,000		1,152,824
ERAC USA Finance LLC, 5.250%, 10/01/20(b)		2,629,000		2,850,236
ERAC USA Finance LLC, 5.600%, 05/01/15(b)		1,641,000		1,803,106
ERAC USA Finance LLC, 5.800%, 10/15/12(b)		942,000		964,783
				6,770,949
Computers (1.6%)
Hewlett-Packard Co., 4.375%, 09/15/21		4,607,000		4,727,846
Hewlett-Packard Co., 4.500%, 03/01/13		1,139,000		1,176,954
Hewlett-Packard Co., 6.125%, 03/01/14		157,000		170,862
IBM Corp., 0.875%, 10/31/14		7,393,000		7,415,623
IBM Corp., 1.250%, 02/06/17		6,094,000		6,045,126
				19,536,411

See Notes to Financial Statements.

65

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Intermediate Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Diversified Financial Services (4.1%)
ABB Treasury Center USA, Inc., 4.000%, 06/15/21(b)		3,551,000		3,629,864
American Express Credit Corp., MTN, 2.375%, 03/24/17		2,884,000		2,888,436
CME Group, Inc., 5.400%, 08/01/13		2,313,000		2,450,452
CME Group, Inc., 5.750%, 02/15/14		3,407,000		3,715,153
Ford Motor Credit Co. LLC, 5.000%, 05/15/18		5,316,000		5,506,610
John Deere Capital Corp., MTN, 1.250%, 12/02/14		2,769,000		2,804,817
Lazard Group LLC, 6.850%, 06/15/17		405,000		445,251
Lazard Group LLC, 7.125%, 05/15/15		2,745,000		2,976,406
MassMutual Global Funding LLC, 2.000%, 04/05/17(b)(c)		2,674,000		2,664,900
NASDAQ OMX Group, Inc. (The), 5.550%, 01/15/20		2,861,000		2,935,266
PACCAR Financial Corp., MTN, 1.550%, 09/29/14		3,914,000		3,982,421
TIAA Global Markets, Inc., 5.125%, 10/10/12(b)		4,019,000		4,111,525
Toyota Motor Credit Corp., MTN, 3.200%, 06/17/15		1,673,000		1,777,479
Woodside Finance Ltd., 4.600%, 05/10/21(b)		5,897,000		6,133,405
Woodside Finance Ltd., 8.125%, 03/01/14(b)		3,378,000		3,744,554
				49,766,539
Electric (1.2%)
Alabama Power Co., 5.800%, 11/15/13		2,160,000		2,331,796
Dominion Resources, Inc., 1.950%, 08/15/16		1,328,000		1,346,269
Duke Energy Carolinas LLC, 4.300%, 06/15/20		880,000		981,653
Exelon Generation Co. LLC, 6.200%, 10/01/17		2,402,000		2,818,773
Georgia Power Co., 6.000%, 11/01/13		1,562,000		1,693,294

	Shares or Principal Amount($)		Value($)
Electric—continued
MidAmerican Energy Holdings Co., Series D, 5.000%, 02/15/14		2,905,000		3,123,052
Southern California Edison Co., 5.750%, 03/15/14		2,522,000		2,763,850
				15,058,687
Electronics (0.1%)
Thermo Fisher Scientific, Inc., 2.250%, 08/15/16		1,236,000		1,279,145
Food (0.6%)
Kellogg Co., 4.250%, 03/06/13		2,001,000		2,069,096
Kraft Foods, Inc., 5.375%, 02/10/20		3,430,000		3,965,228
Kroger Co. (The), 7.500%, 01/15/14		1,526,000		1,701,218
				7,735,542
Healthcare—Products (0.5%)
Becton Dickinson and Co., 3.250%, 11/12/20		1,112,000		1,152,772
Covidien International Finance SA, 6.000%, 10/15/17		2,351,000		2,820,307
Stryker Corp., 2.000%, 09/30/16		1,827,000		1,872,763
				5,845,842
Healthcare—Services (0.8%)
Roche Holdings, Inc., 6.000%, 03/01/19(b)		8,180,000		9,975,494
Insurance (1.6%)
Berkshire Hathaway, Inc., 3.200%, 02/11/15		4,900,000		5,220,112
Berkshire Hathaway, Inc., 4.600%, 05/15/13		2,524,000		2,637,116
Fairfax Financial Holdings Ltd., 5.800%, 05/15/21(b)		2,618,000		2,498,768
Nationwide Financial Services, Inc., 5.375%, 03/25/21(b)		5,795,000		5,921,934
OneBeacon U.S. Holdings, Inc., 5.875%, 05/15/13		2,186,000		2,249,691
Progressive Corp. (The), 3.750%, 08/23/21		862,000		917,577
				19,445,198

See Notes to Financial Statements.

66

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Intermediate Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Media (1.3%)
Comcast Corp., 4.950%, 06/15/16		1,522,000		1,709,559
NBCUniversal Media LLC, 4.375%, 04/01/21		3,999,000		4,283,509
Thomson Reuters Corp., 5.950%, 07/15/13		526,000		557,936
Time Warner Cable, Inc., 5.850%, 05/01/17		4,567,000		5,329,310
Time Warner Cable, Inc., 8.250%, 02/14/14		2,477,000		2,804,395
Time Warner, Inc., 4.875%, 03/15/20		534,000		590,869
				15,275,578
Mining (1.6%)
Barrick (PD) Australia Finance Property Ltd., 4.950%, 01/15/20		3,507,000		3,878,739
Barrick International Barbados Corp., 5.750%, 10/15/16(b)		1,666,000		1,908,696
BHP Billiton Finance USA Ltd., 1.125%, 11/21/14		2,881,000		2,900,960
Kinross Gold Corp., 5.125%, 09/01/21(b)(d)		5,521,000		5,606,001
Newmont Mining Corp., 5.125%, 10/01/19		4,182,000		4,691,401
				18,985,797
Miscellaneous Manufacturer (1.4%)
3M Co., 1.375%, 09/29/16		1,736,000		1,747,560
Danaher Corp., 3.900%, 06/23/21		2,225,000		2,433,077
General Electric Co., 5.000%, 02/01/13		2,913,000		3,019,121
General Electric Co., 5.250%, 12/06/17		1,548,000		1,790,206
Illinois Tool Works, Inc., 6.250%, 04/01/19		4,078,000		4,975,001
Siemens Financieringsmaatschappij NV, 5.750%, 10/17/16(b)		1,976,000		2,301,969
				16,266,934
Office/Business Equipment (0.4%)
Xerox Corp., 5.500%, 05/15/12		1,972,000		1,982,051

	Shares or Principal Amount($)		Value($)
Office/Business Equipment—continued
Xerox Corp., 6.350%, 05/15/18		2,225,000		2,581,561
				4,563,612
Oil & Gas (1.1%)
BP Capital Markets PLC, 2.248%, 11/01/16		3,672,000		3,766,396
Ensco PLC, 4.700%, 03/15/21		3,536,000		3,814,927
Phillips 66, 4.300%, 04/01/22(b)		3,019,000		3,070,924
Statoil ASA, 3.125%, 08/17/17		763,000		818,479
Total Capital SA, 3.000%, 06/24/15		1,662,000		1,725,409
				13,196,135
Oil & Gas Services (0.5%)
Schlumberger Investment SA, 3.300%, 09/14/21(b)		2,925,000		2,963,434
Weatherford International Ltd., 4.950%, 10/15/13		1,160,000		1,217,447
Weatherford International Ltd., 5.125%, 09/15/20		2,064,000		2,195,826
				6,376,707
Pharmaceuticals (2.1%)
Abbott Laboratories, 5.600%, 11/30/17		3,979,000		4,811,817
Express Scripts, Inc., 5.250%, 06/15/12		3,566,000		3,596,307
GlaxoSmithKline Capital, Inc., 5.650%, 05/15/18		2,754,000		3,325,840
Novartis Securities Investment Ltd., 5.125%, 02/10/19		1,965,000		2,301,583
Sanofi-Aventis SA, 4.000%, 03/29/21		4,419,000		4,812,773
Schering-Plough Corp., Inc., 6.000%, 09/15/17		2,965,000		3,656,521
Teva Pharmaceutical Finance II/III, 3.000%, 06/15/15		1,996,000		2,100,876
Teva Pharmaceutical Finance LLC, 5.550%, 02/01/16		736,000		833,996
				25,439,713

See Notes to Financial Statements.

67

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Intermediate Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Pipelines (2.7%)
El Paso Natural Gas Co., 5.950%, 04/15/17		597,000		658,941
El Paso Pipeline Partners Operating Co. LLC, 6.500%, 04/01/20		1,544,000		1,725,418
Energy Transfer Partners LP, 4.650%, 06/01/21		1,916,000		1,951,973
Energy Transfer Partners LP, 6.700%, 07/01/18		4,349,000		4,985,898
Enterprise Products Operating LLC, 5.250%, 01/31/20		5,477,000		6,116,527
Enterprise Products Operating LLC, Series G, 5.600%, 10/15/14		2,975,000		3,285,519
Rockies Express Pipeline LLC, 6.850%, 07/15/18(b)		2,458,000		2,285,940
Southern Natural Gas Co., 5.900%, 04/01/17(b)		374,000		423,525
TC Pipelines LP, 4.650%, 06/15/21		3,066,000		3,205,690
TransCanada PipeLines Ltd., 3.800%, 10/01/20		2,470,000		2,648,181
Transcontinental Gas Pipe Line Co. LLC, 6.050%, 06/15/18		1,074,000		1,269,796
Williams Partners LP, 4.125%, 11/15/20		3,320,000		3,411,307
				31,968,715
Real Estate Investment Trusts (1.3%)
BioMed Realty LP, 3.850%, 04/15/16		2,189,000		2,261,482
Digital Realty Trust LP, 4.500%, 07/15/15		5,955,000		6,251,648
Digital Realty Trust LP, 5.875%, 02/01/20		1,149,000		1,251,521
Healthcare Realty Trust, Inc., 6.500%, 01/17/17		5,605,000		6,145,019
				15,909,670
Retail (1.0%)
Wal-Mart Stores, Inc., 4.250%, 04/15/21		5,849,000		6,532,432
Walgreen Co., 4.875%, 08/01/13		2,212,000		2,341,513

	Shares or Principal Amount($)		Value($)
Retail—continued
Wesfarmers Ltd., 6.998%, 04/10/13(b)		3,403,000		3,584,441
				12,458,386
Semiconductors (0.2%)
Analog Devices, Inc., 3.000%, 04/15/16		841,000		885,700
Intel Corp., 1.950%, 10/01/16		2,021,000		2,081,531
				2,967,231
Software (0.9%)
Fiserv, Inc., 4.750%, 06/15/21		2,946,000		3,133,598
Oracle Corp., 5.750%, 04/15/18		5,881,000		7,149,608
				10,283,206
Telecommunication Services (1.7%)
AT&T, Inc., 3.875%, 08/15/21		2,765,000		2,924,546
AT&T, Inc., 4.950%, 01/15/13		2,785,000		2,879,487
CC Holdings GS V LLC/Crown Castle GS III Corp., 7.750%, 05/01/17(b)		3,055,000		3,329,950
Cellco Partnership/Verizon Wireless Capital LLC, 5.550%, 02/01/14		1,866,000		2,018,142
Cisco Systems, Inc., 5.500%, 02/22/16		1,761,000		2,043,663
Juniper Networks, Inc., 3.100%, 03/15/16		665,000		688,219
Rogers Communications, Inc., 7.500%, 03/15/15		1,045,000		1,225,225
SBC Communications, Inc., 5.100%, 09/15/14		2,496,000		2,747,375
Verizon Communications, Inc., 5.250%, 04/15/13		2,453,000		2,571,676
				20,428,283
Transportation (0.2%)
United Parcel Service, Inc., 3.125%, 01/15/21		1,952,000		2,044,771
Trucking & Leasing (0.4%)
Aviation Capital Group Corp., 6.750%, 04/06/21(b)		2,256,000		2,188,117

See Notes to Financial Statements.

68

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Intermediate Bond Fund — concluded

	Shares or Principal Amount($)		Value($)
Trucking & Leasing—continued
Aviation Capital Group Corp., 7.125%, 10/15/20(b)		3,094,000		3,106,623
				5,294,740
Total Corporate Bonds (Cost $372,080,991)				398,406,024
U.S. Government Agency Mortgages (6.4%)
Federal Home Loan Mortgage Corporation (5.0%)
3.000%, TBA, 15 Year Maturity(c)		40,605,000		41,981,761
3.000%, TBA, 15 Year Maturity(c)		18,243,000		18,810,243
				60,792,004
Government National Mortgage Association (1.4%)
Pool #751387, 4.743%, 01/20/61		14,883,568		16,545,343
Total U.S. Government Agency Mortgages (Cost $76,160,155)				77,337,347
U.S. Treasury Obligations (56.0%)
U.S. Treasury Notes (56.0%)
0.750%, 05/31/12		73,144,000		73,218,314
0.500%, 10/15/14		254,676,000		254,934,751
1.250%, 10/31/15(e)		96,665,000		98,590,760
1.750%, 05/31/16		139,569,000		144,802,838
3.375%, 11/15/19		32,523,000		36,308,872
2.000%, 02/15/22		68,455,000		67,139,363
				674,994,898
Total U.S. Treasury Obligations (Cost $666,322,395)				674,994,898
Preferred Stock (0.2%)
Insurance (0.2%)
Arch Capital Group Ltd., 6.750%(f)		71,925		1,822,853
Total Preferred Stock (Cost $1,817,612)				1,822,853
Short-Term Investment (0.1%)
RidgeWorth Funds Securities Lending Joint Account(g)		787,930		787,930
Total Short-Term Investment (Cost $787,930)				787,930

	Shares or Principal Amount($)		Value($)
Money Market Fund (8.4%)
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(h)		101,436,725		101,436,725
Total Money Market Fund (Cost $101,436,725)				101,436,725
Total Investments (Cost $1,235,992,279) — 105.7%				1,274,581,911
Liabilities in excess of other assets — (5.7)%				(68,305,981	)
Net Assets — 100.0%			$	1,206,275,930

(a) Variable or floating rate security. Rate disclosed is as of March 31, 2012.

(b) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 7.5% of net assets as of March 31, 2012.

(c) All or a portion of this security has been purchased on a when-issued or delayed-delivery basis.

(d) The security or a partial position of the security was on loan as of March 31, 2012. The total value of securities on loan as of March 31, 2012 was $771,980.

(e) All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments.

(f) Perpetual maturity.

(g) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2012 (See Note 2).

(h) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

Investment Abbreviations

MTN	—	Medium Term Note
TBA	—	To Be Announced. Securities purchased on a forward commitment basis with an appropriate principal amount and no definitive maturity date. The actual principal and maturity date will be determined upon settlement date.

See Notes to Financial Statements.

69

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Investment Grade Tax-Exempt Bond Fund

	Shares or Principal Amount($)		Value($)
Municipal Bonds (84.1%)
Alabama (1.8%)
Alabama Public School & College Authority, Series A, RB, 5.000%, 03/01/22		6,110,000		7,537,540
Birmingham Special Care Facilities Financing Authority Health Care Facilities, Children’s Hospital of Alabama, RB, 6.000%, 06/01/39, AGC(a)		9,000,000		10,187,280
				17,724,820
Alaska (5.2%)
Alaska Municipal Bond Bank Authority, RB, 4.000%, 09/01/15, GO		3,000,000		3,324,240
Matanuska-Susitna Borough Lease, Goose Creek Correctional Center, RB, 5.500%, 09/01/23, AGC		18,000,000		21,323,880
Matanuska-Susitna Borough Lease, Goose Creek Correctional Center, RB, 6.000%, 09/01/28, AGC		15,500,000		18,345,645
Matanuska-Susitna Borough Lease, Goose Creek Correctional Center, RB, 6.000%, 09/01/32, AGC		7,250,000		8,404,563
				51,398,328
California (14.7%)
California Health Facilities Financing Authority, Series C, RB, 6.250%, 10/01/24		3,500,000		4,174,310
California Health Facilities Financing Authority, Series C, RB, 6.500%, 10/01/33		6,500,000		7,683,325
California Health Facilities Financing Authority, Series C, RB, 6.500%, 10/01/38		5,400,000		6,314,382
California State, GO, 5.000%, 02/01/20		14,325,000		16,933,583
California State, GO, 5.250%, 02/01/30		10,000,000		11,110,800

	Shares or Principal Amount($)		Value($)
California—continued
California State, GO, 5.250%, 03/01/30(a)		10,000,000		10,926,100
California State, GO, 6.500%, 04/01/33(a)		24,500,000		29,793,470
California State Department of Water Resources, RB, 5.000%, 12/01/13(b)		2,320,000		2,392,454
California State Department of Water Resources, RB, 5.000%, 12/01/14(b)		3,000,000		3,204,090
California State Department of Water Resources, RB, 5.000%, 12/01/18(b)		2,000,000		2,327,080
California State Department of Water Resources, RB, 5.000%, 12/01/20(b)		2,000,000		2,359,860
California State Department of Water Resources, RB, 5.000%, 12/01/22(b)		6,880,000		8,169,174
Los Angeles California Community College District, Series A, GO, 6.000%, 08/01/33(a)		10,000,000		11,760,200
Los Angeles California Wastewater System, Series A, RB, 5.750%, 06/01/34		5,000,000		5,825,450
Orange County Loma Ridge, COP, 6.000%, 06/01/21, Pre-refunded 06/01/19 @ 100, AMBAC		895,000		1,070,930
University of California, Series O, RB, 5.750%, 05/15/27		3,000,000		3,586,350
University of California, Series O, RB, 5.750%, 05/15/28		10,000,000		11,879,000
University of California, Series O, RB, 5.750%, 05/15/29		5,095,000		6,027,079
				145,537,637
Colorado (2.6%)
Adams & Arapahoe Joint School District 28J Aurora, GO, 5.000%, 12/01/23, State Aid Withholding		10,150,000		12,414,059

See Notes to Financial Statements.

70

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Investment Grade Tax-Exempt Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Colorado—continued
Adams & Arapahoe Joint School District 28J Aurora, GO, 5.000%, 12/01/26, State Aid Withholding		7,000,000		8,383,760
Adams & Arapahoe Joint School District 28J Aurora, GO, 5.000%, 12/01/27, State Aid Withholding		4,000,000		4,750,200
				25,548,019
District of Columbia (1.0%)
District of Columbia, Income Tax, Series A, RB, 5.500%, 12/01/30		8,000,000		9,597,280
Florida (3.4%)
Florida State Board of Education, Capital Outlay, Public Education Project, GO, 9.125%, 06/01/14, ETM(a)		950,000		1,110,911
Florida State Board of Education, Capital Outlay, Public Education Project, Series B, GO, 5.375%, 06/01/18, NATL-RE/FGIC		2,130,000		2,169,959
Florida State Board of Education, Lottery Revenue, Capital Outlay, Public Education Project, Series A, GO, 5.000%, 06/01/20, NATL-RE/FGIC		5,320,000		6,038,572
Florida State Board of Education, Lottery, Series A, RB, 5.375%, 07/01/15, Economically defeased 07/01/12 @ 101, NATL-RE/FGIC		3,500,000		3,576,230
Florida State Board of Governors, Series A, RB, 5.000%, 10/01/19		2,175,000		2,582,008
Florida State Board of Governors, Series A, RB, 5.000%, 10/01/20		2,285,000		2,717,231

	Shares or Principal Amount($)		Value($)
Florida—continued
Florida State Board of Governors, Series A, RB, 5.000%, 10/01/21		2,410,000		2,880,335
Highlands County Health Facilities Authority, Adventist Health, Series G, RB, 5.125%, 11/15/18(c)		2,900,000		3,289,586
Lee County Memorial Health Systems Hospital, Series A, RB, 5.750%, 04/01/15, AGM		1,000,000		1,004,230
Miami-Dade County, Building Better Communities Program, Series B, GO, 6.000%, 07/01/23		2,000,000		2,390,640
Miami-Dade County, Building Better Communities Program, Series B, GO, 6.125%, 07/01/25		3,000,000		3,545,550
Polk County School District Sales Tax Authority, RB, 5.250%, 10/01/15, AGM		2,000,000		2,183,560
				33,488,812
Georgia (3.7%)
Fulton County Development Authority, RB, 5.000%, 10/01/22(a)		18,900,000		22,456,413
Fulton County Water & Sewer Revenue, RB, 5.000%, 01/01/19		3,500,000		4,214,000
Georgia State, Series B, GO, 5.000%, 07/01/17		5,000,000		5,691,950
Henry County School District, GO, 5.000%, 08/01/13, NATL-RE/FGIC		4,030,000		4,283,769
				36,646,132
Illinois (2.1%)
Chicago O’ Hare International Airport, Third Lien, Series D, RB, 5.250%, 01/01/19, NATL-RE, AMT		7,680,000		8,297,779

See Notes to Financial Statements.

71

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Investment Grade Tax-Exempt Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Illinois—continued
Grundy Kendall & Will Counties Community School District No. 201, GO, 5.750%, 10/15/21, AGC		4,340,000		5,129,707
Illinois Finance Authority, Series A, RB, 5.000%, 10/01/21		1,500,000		1,848,975
Illinois State Sales Tax, First Series, RB, 5.000%, 06/15/22(a)		2,975,000		3,101,140
University of Illinois, Auxiliary Facilities System, Series A, RB, 5.750%, 04/01/38		2,000,000		2,215,800
				20,593,401
Kansas (3.2%)
Kansas State Development Finance Authority, Adventist Bolingbrook Hospital, RB, 5.750%, 11/15/38(a)		26,090,000		29,651,024
Kansas State Development Finance Authority, Adventist Bolingbrook Hospital, Series D, RB, 5.000%, 11/15/22		2,000,000		2,213,860
				31,864,884
Maryland (3.5%)
Maryland State, Series B, GO, 5.000%, 03/15/17		10,000,000		11,930,200
Maryland State, Series B, GO, 5.000%, 03/01/18		5,000,000		6,069,450
Maryland State, Series B, GO, 5.000%, 03/15/20		9,000,000		11,200,410
Maryland State Department of Transportation, Consolidated Transportation, RB, 5.000%, 05/01/17, Pre-refunded 05/01/14 @ 100		4,500,000		4,932,270
				34,132,330
Massachusetts (1.9%)
Boston, Series A, GO, 5.000%, 04/01/15, State Aid Withholding		4,585,000		5,188,111

	Shares or Principal Amount($)		Value($)
Massachusetts—continued
Massachusetts School Building Authority, Series A, RB, 5.000%, 08/15/22, AGM		5,000,000		5,653,150
Massachusetts State, Consolidated Lien, Series C, GO, 5.000%, 01/01/15		2,000,000		2,244,560
Massachusetts State, Consolidated Lien, Series C, GO, 5.000%, 09/01/18		5,310,000		6,056,320
				19,142,141
Michigan (1.4%)
Michigan Municipal Bond Authority, RB, 5.000%, 10/01/17(a)		9,270,000		10,594,868
Michigan State Municipal Bond Authority, Clean Water State Revolving Fund, RB, 5.375%, 10/01/17, Pre-refunded 10/01/12 @ 100		3,300,000		3,385,602
				13,980,470
Missouri (0.8%)
Missouri State Highways & Transit Commission State Road, Second Lien, RB, 5.250%, 05/01/20		6,500,000		7,787,195
New Jersey (8.2%)
Garden State Preservation Trust, Open Space & Farmland Preservation, Series A, RB, 5.800%, 11/01/18, AGM(a)		8,000,000		9,368,720
Garden State Preservation Trust, Open Space & Farmland Preservation, Series A, RB, 5.800%, 11/01/20, AGM(a)		16,500,000		19,195,935
New Jersey State Transportation Trust Fund Authority, Transportation System, Series A, RB, 6.000%, 12/15/38		7,710,000		8,783,926

See Notes to Financial Statements.

72

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Investment Grade Tax-Exempt Bond Fund — continued

	Shares or Principal Amount($)		Value($)
New Jersey—continued
New Jersey State Transportation Trust Fund Authority, Transportation System, Series D, RB, 5.000%, 06/15/19, AGM		13,125,000		14,338,931
New Jersey Transportation Trust Fund Authority, Series A, RB, 6.000%, 06/15/35, ST APPROP		5,305,000		6,304,197
New Jersey Transportation Trust Fund Authority, Series B, RB, 5.000%, 06/15/20		5,250,000		6,157,095
New Jersey Transportation Trust Fund Authority, Series B, RB, 5.250%, 12/15/17, NATL-RE/FGIC		15,000,000		16,892,850
				81,041,654
New Mexico (0.6%)
New Mexico Finance Authority, Public Project Revolving Fund, Series C, RB, 5.000%, 06/01/21, AMBAC		5,595,000		6,034,431
New York (6.8%)
Erie County Industrial Development Agency, City School District Buffalo, Series A, RB, 5.750%, 05/01/29, BHAC		5,340,000		6,127,864
New York City, GO, 5.000%, 04/01/16(b)		2,530,000		2,919,974
New York City, GO, 5.000%, 04/01/20(b)		11,350,000		13,700,812
New York City Municipal Water Finance Authority, Water & Sewer System, Series A, RB, 5.750%, 06/15/40(a)		15,330,000		17,829,863
New York City Transitional Finance Authority, Building Aid, Series S-2, RB, 6.000%, 07/15/38, State Aid Withholding		7,500,000		8,646,225

	Shares or Principal Amount($)		Value($)
New York—continued
New York City Transitional Finance Authority, RB, 5.000%, 11/01/32		10,000,000		11,334,300
New York State Thruway Authority, Series B, RB, 5.000%, 04/01/18, AMBAC		5,700,000		6,487,113
				67,046,151
North Carolina (3.1%)
Guilford County, Series A, GO, 5.000%, 03/01/21		6,255,000		7,834,262
North Carolina State, GO, 5.000%, 05/01/16, Pre-refunded 05/01/13 @ 100		3,500,000		3,678,115
North Carolina State, RB, 4.000%, 03/01/23(c)		12,500,000		13,954,125
North Carolina State, Series A, GO, 5.000%, 03/01/17		3,000,000		3,575,250
University of North Carolina, Chapel Hill, Series A, RB, 5.000%, 02/01/14		1,885,000		2,020,494
				31,062,246
Oregon (0.9%)
Oregon State Department of Transportation, Highway User Tax, Series B, RB, 5.000%, 11/15/17		2,500,000		2,769,975
Tri-County Metropolitan Transportation District, Refunding Limited Tax Pledge, Series A, RB, 5.000%, 09/01/20, AGM		5,170,000		5,831,243
				8,601,218
Pennsylvania (2.5%)
Allegheny County Port Authority, RB, 5.750%, 03/01/29		7,500,000		8,566,875
Easton Area School District, Series 2006, GO, 7.750%, 04/01/25, AGM		3,980,000		4,838,128
University of Pittsburgh, Commonwealth System of Higher Education, Series B, RB, 5.500%, 09/15/23, GO of University		6,750,000		8,197,267

See Notes to Financial Statements.

73

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Investment Grade Tax-Exempt Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Pennsylvania—continued
University of Pittsburgh, Commonwealth System of Higher Education, Series B, RB, 5.500%, 09/15/24, GO of University		2,500,000		3,028,300
				24,630,570
South Carolina (0.7%)
South Carolina State Public Service Authority, Series A, RB, 5.000%, 01/01/17, Pre-refunded 01/01/14 @ 100, AGM		2,300,000		2,484,598
South Carolina State, Series B, GO, 5.000%, 03/01/20		3,500,000		4,353,545
				6,838,143
Tennessee (2.6%)
Memphis, Series A, GO, 5.000%, 04/01/20		8,885,000		10,839,789
Metropolitan Government of Nashville & Davidson County, GO, 5.000%, 07/01/21		11,665,000		14,462,734
				25,302,523
Texas (6.1%)
Austin, Series 2005, GO, 5.000%, 09/01/19, NATL-RE		5,000,000		5,618,200
Dallas Independent School District, GO, 6.375%, 02/15/34, PSF-GTD		6,000,000		7,448,040
Frisco, GO, 5.000%, 02/15/19		5,000,000		6,049,650
Harris County Health Facilities Development Authority, Memorial Hermann Healthcare System, Series B, RB, 7.125%, 12/01/31		4,050,000		4,825,980
Lower Colorado River Authority, Series A, RB, 5.875%, 05/15/15, AGM		1,185,000		1,190,084
Mansfield Independent School District, GO, 1.750%, 08/01/42, PSF-GTD(c)		7,500,000		7,567,650

	Shares or Principal Amount($)		Value($)
Texas—continued
North Harris County Regional Water Authority, RB, 5.250%, 12/15/18, NATL-RE		2,690,000		2,958,408
San Antonio Electric & Gas, RB, 5.000%, 02/01/24		1,875,000		2,053,931
Texas State Public Finance Authority, Unemployment Comp., Series A, RB, 5.000%, 01/01/15		5,000,000		5,607,000
Texas State Public Finance Authority, Charter School Finance Corp., Series A, RB, 6.200%, 02/15/40		2,850,000		3,089,486
Texas State University Systems Financing, RB, 5.000%, 03/15/18, AGM		5,035,000		5,611,860
University of Texas Permanent University Fund, Series A, RB, 5.000%, 07/01/16		7,500,000		8,511,900
				60,532,189
Virginia (3.2%)
Norfolk, Series C, GO, 5.000%, 04/01/23		5,875,000		6,789,091
Virginia College Building Authority Educational Facilities, 21st Century College & Equipment Program, Series D, RB, 5.000%, 02/01/13		4,130,000		4,296,439
Virginia Commonwealth Transportation Board, RB, 5.000%, 05/15/22		5,035,000		6,252,967
Virginia Public Building Authority, Series A, RB, 5.000%, 08/01/15		2,500,000		2,857,400
Virginia Public Building Authority, Series D, RB, 5.000%, 08/01/17		4,000,000		4,397,320
Virginia State, Series D, GO, 5.000%, 06/01/18		6,000,000		7,326,240
				31,919,457
Washington (4.1%)
Central Puget Sound Regional Transit Authority, Series A, RB, 5.000%, 11/01/23, AMBAC		6,000,000		6,699,120

See Notes to Financial Statements.

74

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Investment Grade Tax-Exempt Bond Fund — concluded

	Shares or Principal Amount($)		Value($)
Washington—continued
Energy Northwest, Series A, RB, 5.000%, 07/01/21(b)		8,000,000		9,820,640
Pierce County School District No. 10, Tacoma, GO, 5.000%, 12/01/16, NATL-RE/FGIC		5,200,000		5,567,432
Port of Seattle, Series B, AMT, RB, 5.000%, 08/01/20		6,190,000		7,116,581
Washington State, Series A, GO, 5.000%, 07/01/19, Pre-refunded 07/01/14 @ 100		2,855,000		3,147,866
Washington State, Series A, GO, 5.000%, 07/01/20, AGM		7,700,000		8,680,595
				41,032,234
Total Municipal Bonds (Cost $785,520,664)				831,482,265
Money Market Fund (17.8%)
Federated Tax-Free Obligations Fund, Institutional Shares, 0.04%(d)		175,907,086		175,907,086
Total Money Market Fund (Cost $175,907,086)				175,907,086
Total Investments (Cost $961,427,750) —101.9%				1,007,389,351
Liabilities in excess of other assets — (1.9)%				(18,920,234	)
Net Assets — 100.0%			$	988,469,117

(a) All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments.

(b) All or a portion of this security has been purchased on a when-issued or delayed-delivery basis.

(c) Variable or floating rate security. Rate disclosed is as of March 31, 2012.

(d) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

Investment Abbreviations

AGC	—	Security guaranteed by Assured Guaranty Corporation
AGM	—	Security guaranteed by Assured Guaranty Municipal Corporation
AMBAC	—	Security guaranteed by American Municipal Bond Assurance Corporation
AMT	—	Income subject to Alternative Minimum Tax
BHAC	—	Security guaranteed by Berkshire Hathaway Assurance Corporation
COP	—	Certificate of Participation
ETM	—	Escrowed to Maturity
FGIC	—	Security guaranteed by Financial Guaranty Insurance Company
GO	—	General Obligation
NATL-RE	—	Reinsurance provided by National Public Finance Guarantee Corporation
PSF-GTD	—	Security guaranteed by Permanent School Fund Guarantee Program
RB	—	Revenue Bond
ST APPROP	—	State Appropriation

See Notes to Financial Statements.

75

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012    

Limited Duration Fund

	Shares or Principal Amount($)		Value($)
Asset-Backed Securities (26.6%)
Automobiles (3.3%)
AmeriCredit Automobile Receivables Trust, Series 2007-DF, Cl A4B, 1.043%, 06/06/14(a)		529,322		529,532
Credit Card (12.5%)
Discover Card Master Trust, Series 2007-A2, Cl A2, 0.814%, 06/15/15(a)		1,000,000		1,002,470
Penarth Master Issuer PLC, Series 2011-1A, Cl A1, 0.892%, 05/18/15(a)(b)		1,000,000		1,000,041
				2,002,511
Home Equity (4.5%)
HSBC Home Equity Loan Trust, Series 2006-2, Cl A1, 0.392%, 03/20/36(a)		781,769		722,386
Student Loan Asset-Backed Security (6.3%)
SLM Student Loan Trust, Series 2006-5, Cl A4, 0.640%, 04/25/23(a)		1,015,000		1,003,233
Total Asset-Backed Security (Cost $4,276,368)				4,257,662
Collateralized Mortgage Obligations (64.0%)
Agency Collateralized Mortgage Obligations (62.7%)
Federal Home Loan Mortgage Corporation, Series 2589, Cl F, 0.442%, 03/17/33(a)		1,038,213		1,035,193
Federal Home Loan Mortgage Corporation, Series 2693, Cl BF, 0.642%, 07/15/22(a)		709,778		710,647
Federal Home Loan Mortgage Corporation, Series 3877, Cl FN, 0.542%, 02/15/25(a)		1,629,763		1,629,764
Federal National Mortgage Association, Series 2004-79, Cl FM, 0.542%, 11/25/24(a)		2,113,171		2,111,401
Federal National Mortgage Association, Series 2010-90, Cl MF, 0.642%, 04/25/28(a)		1,771,869		1,771,309

	Shares or Principal Amount($)		Value($)
Agency Collateralized Mortgage Obligations—continued
Federal National Mortgage Association, Series 2011-98, Cl FL, 0.542%, 10/25/26(a)		2,775,981		2,773,699
				10,032,013
Commercial Mortgage Backed Securities (1.3%)
Citigroup Commercial Mortgage Trust, Series 2004-C2, Cl A3, 4.380%, 10/15/41		47,195		47,178
JPMorgan Chase Commercial Mortgage Securities, Series 2004-CBX, Cl A4, 4.529%, 01/12/37		162,975		162,956
				210,134
Total Collateralized Mortgage Obligations (Cost $10,200,760)				10,242,147
Money Market Fund (9.4%)
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(c)		1,503,342		1,503,342
Total Money Market Fund (Cost $1,503,342)				1,503,342
Total Investments (Cost $15,980,470) — 100.0%				16,003,151
Liabilities in excess of other assets — (0.0)%(d)				(802	)
Net Assets — 100.0%			$	16,002,349

(a) Variable or floating rate security. Rate disclosed is as of March 31, 2012.

(b) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 6.2% of net assets as of March 31, 2012.

(c) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

(d) Less than 0.05% of Net Assets.

See Notes to Financial Statements.

76

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Limited-Term Federal Mortgage Securities Fund

	Shares or Principal Amount($)		Value($)
Asset-Backed Security (0.4%)
Automobiles (0.4%)
AmeriCredit Automobile Receivables Trust, Series 2007-CM, Cl A4B, 0.323%, 04/07/14(a)		162,597		162,585
Total Asset-Backed Security (Cost $162,435)				162,585
Collateralized Mortgage Obligations (18.5%)
Agency Collateralized Mortgage Obligations (14.4%)
Federal Home Loan Mortgage Corporation, Series 2945, Cl CZ, 5.000%, 03/15/35		788,428		875,682
Federal Home Loan Mortgage Corporation, Series 3774, Cl EW, 3.500%, 12/15/25		411,000		431,218
Federal Home Loan Mortgage Corporation, Series 3780, Cl CL, 3.500%, 12/15/25(b)		1,464,695		1,532,404
Federal National Mortgage Association, Series 2010-136, Cl FG, 0.742%, 12/25/30(a)		1,095,300		1,098,138
Federal National Mortgage Association, Series 2010-144, Cl YB, 3.000%, 12/25/25		500,000		511,057
Federal National Mortgage Association, Series 2011-36, Cl DB, 3.000%, 05/25/26		1,049,584		1,071,461
				5,519,960
Agency Collateralized Planned Amortization Class Mortgage Obligations (2.7%)
Federal Home Loan Mortgage Corporation, Series 3763, Cl VQ, 4.000%, 07/15/27		180,000		192,494
Federal National Mortgage Association, Series 2011-8, Cl PV, 4.000%, 01/25/30		789,000		827,860
				1,020,354
Commercial Mortgage Backed Security (1.4%)
Wachovia Bank Commercial Mortgage Trust, Series 2005-C21, Cl AM, 5.378%, 10/15/44(a)		500,000		545,577
Total Collateralized Mortgage Obligations (Cost $6,519,747)				7,085,891

	Shares or Principal Amount($)		Value($)
U.S. Government Agency Mortgages (77.0%)
Federal Home Loan Mortgage Corporation (49.7%)
Pool #J14868, 4.000%, 03/01/26		1,860,623		1,968,155
Pool #J18114, 3.000%, 02/01/27		999,850		1,036,051
Pool #C01785, 5.000%, 02/01/34		2,472,202		2,668,934
Pool #A30380, 5.500%, 12/01/34		493,872		544,723
Pool #A46278, 5.000%, 07/01/35		448,013		490,525
Pool #G02109, 6.000%, 03/01/36		718,553		796,500
Pool #G02163, 5.000%, 04/01/36		911,185		982,841
Pool #G02162, 5.500%, 05/01/36		326,989		356,416
Pool #G04997, 5.000%, 01/01/37		1,499,036		1,616,921
Pool #G03092, 5.500%, 07/01/37		555,212		608,996
Pool #G04337, 5.500%, 04/01/38(b)		1,145,847		1,247,177
Pool #1B8266, 2.856%, 05/01/41(a)		633,021		658,778
Pool #848553, 2.679%, 06/01/41(a)		464,228		481,153
2.500%, TBA, 15 Year Maturity(c)		2,183,000		2,205,512
3.000%, TBA, 15 Year Maturity(c)		500,000		516,953
3.000%, TBA, 15 Year Maturity(c)		1,200,000		1,237,312
3.000%, TBA, 15 Year Maturity(c)		1,250,000		1,285,742
5.500%, TBA, 30 Year Maturity(c)		329,000		356,965
				19,059,654
Federal National Mortgage Association (27.3%)
Pool #471092, 2.740%, 04/01/22(c)		1,269,000		1,288,035
Pool #697146, 5.500%, 03/01/23		130,027		142,893
Pool #655219, 3.500%, 08/01/32		143,968		149,031
Pool #730727, 5.000%, 08/01/33		398,087		437,059
Pool #725703, 6.000%, 08/01/34(b)		1,275,874		1,425,358

See Notes to Financial Statements.

77

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Limited-Term Federal Mortgage Securities Fund — concluded

	Shares or Principal Amount($)		Value($)
Federal National Mortgage Association—continued
Pool #725773, 5.500%, 09/01/34(b)		2,243,758		2,461,914
Pool #735500, 5.500%, 05/01/35		406,422		444,858
Pool #888344, 5.000%, 10/01/35		568,999		615,279
Pool #AE0115, 5.500%, 12/01/35(c)		676,921		743,130
Pool #745428, 5.500%, 01/01/36		342,652		375,057
Pool #995082, 5.500%, 08/01/37		231,407		253,906
Pool #889529, 6.000%, 03/01/38		745,103		827,046
Pool #995724, 6.000%, 04/01/39		701,439		778,580
Pool #AD0439, 6.000%, 07/01/39		469,970		518,277
				10,460,423
Total U.S. Government Agency Mortgages (Cost $29,068,832)				29,520,077

	Shares or Principal Amount($)		Value($)
Money Market Fund (14.9%)
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(d)		5,703,680		5,703,680
Total Money Market Fund (Cost $5,703,680)				5,703,680
Total Investments (Cost $41,454,694) — 110.8%				42,472,233
Liabilities in excess of other assets — (10.8)%				(4,129,587	)
Net Assets — 100.0%			$	38,342,646

(a) Variable or floating rate security. Rate disclosed is as of March 31, 2012.

(b) All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments.

(c) All or a portion of this security has been purchased on a when-issued or delayed-delivery basis.

(d) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

Investment Abbreviations

TBA — To Be Announced. Securities purchased on a forward commitment basis with an appropriate principal amount and no definitive maturity date. The actual principal and maturity date will be determined upon settlement date.

See Notes to Financial Statements.

78

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

North Carolina Tax-Exempt Bond Fund

	Shares or Principal Amount($)		Value($)
Municipal Bonds (92.8%)
New York (2.1%)
New York City Municipal Water Finance Authority, Water & Sewer System, RB, 5.000%, 06/15/45		1,000,000		1,083,930
North Carolina (81.1%)
Cape Fear Public Utility Authority, Water & Sewer System, RB, 5.000%, 08/01/35		1,855,000		2,047,883
Charlotte Douglas Airport Revenue, Series B, 5.000%, 07/01/36		1,000,000		1,042,050
Charlotte Water & Sewer System, RB, 5.000%, 07/01/21		1,080,000		1,278,569
Charlotte-Mecklenburg Hospital Authority, Health Care Systems, Series A, RB, 5.000%, 01/15/21		1,000,000		1,101,700
Forsyth County, GO, 4.000%, 02/01/15		1,300,000		1,427,894
Greensboro, Series C, GO, 5.000%, 02/01/19		1,385,000		1,700,628
Greensboro, Enterprise System, Series A, RB, 5.000%, 06/01/25		1,605,000		1,822,670
Iredell County School Project, COP, 5.125%, 06/01/27, AGM		1,000,000		1,096,800
Nash Health Care Systems, Health Care Facilities, RB, 5.000%, 11/01/41(a)		1,650,000		1,696,002
New Hanover County Hospital, New Hanover Regional Medical Center, Series B, RB, 5.125%, 10/01/31, AGM		2,000,000		2,149,960
North Carolina Capital Facilities Finance Agency, RB, 5.250%, 03/01/33		2,000,000		2,147,120
North Carolina Capital Facilities Finance Agency, Duke University Project, Series A, RB, 5.250%, 07/01/42, Pre-refunded 10/01/2012 @ 100(b)		1,000,000		1,025,470
North Carolina Eastern Municipal Power Agency, RB, 6.000%, 01/01/18, AMBAC		1,010,000		1,226,029

	Shares or Principal Amount($)		Value($)
North Carolina—continued
North Carolina Eastern Municipal Power Agency, Power System, Series C, RB, 5.375%, 01/01/16		500,000		516,200
North Carolina Infrastructure Finance Corp., Series A, COP, 5.000%, 02/01/15		1,000,000		1,121,370
North Carolina Medical Care Commission Health Care Facilities, Series A, RB, 6.125%, 10/01/39		750,000		790,155
North Carolina Medical Care Commission Health Care Facilities, University Health Systems, Series D, RB, 6.000%, 12/01/29		750,000		846,832
North Carolina Medical Care Commission Health Care Facilities, University Health Systems, Series D, RB, 6.250%, 12/01/33		2,000,000		2,301,420
North Carolina Medical Care Commission Health Care Facilities, Wake County Hospital System, Series A, RB, 5.625%, 10/01/29, AGM		500,000		524,025
North Carolina Medical Care Commission Health Care Facilities, Wake County Hospital System, Series A, RB, 5.875%, 10/01/38, AGM		500,000		521,755
North Carolina Municipal Power Agency, No. 1 Catawba Electric, RB, ETM, 5.000%, 01/01/20		1,600,000		1,991,168
North Carolina Municipal Power Agency, No. 1 Catawba Electric, Series A, RB, 5.000%, 01/01/30		3,000,000		3,240,300
North Carolina Municipal Power Agency, No. 1 Catawba Electric, Series A, RB, 5.250%, 01/01/15		1,000,000		1,118,580
North Carolina State, Series A, GO, 5.000%, 03/01/16		1,000,000		1,121,660
North Carolina State, Series C, GO, 5.000%, 05/01/20		1,000,000		1,246,350
North Carolina State Ports Authority Facilities, Series A, RB, 5.250%, 02/01/40		1,500,000		1,607,160

See Notes to Financial Statements.

79

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

North Carolina Tax-Exempt Bond Fund — concluded

	Shares or Principal Amount($)		Value($)
North Carolina—continued
University of North Carolina at Charlotte, Series A, RB, 5.000%, 04/01/26		1,000,000		1,178,160
Wake County, Series C, GO, 5.000%, 03/01/23		1,000,000		1,264,580
Winston-Salem North Carolina Water & Sewer System, RB, 5.000%, 06/01/39(b)		2,000,000		2,237,080
				41,389,570
Puerto Rico (9.6%)
Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series A, RB, 5.250%, 07/01/42		750,000		738,757
Puerto Rico Commonwealth Highway & Transportation Authority Highway, Series CC, RB, 5.500%, 07/01/30		720,000		768,967
Puerto Rico Sales Tax Financing Corp., Sales Tax Revenue, Series A, RB, 5.250%, 08/01/57		1,400,000		1,465,044
Puerto Rico Sales Tax Financing Corp., Sales Tax Revenue, Series A, RB, 5.500%, 08/01/42(b)		650,000		696,469
Puerto Rico Sales Tax Financing Corp., Sales Tax Revenue, Series A, RB, 6.000%, 08/01/42		1,100,000		1,237,126
				4,906,363
Total Municipal Bonds (Cost $44,267,336)				47,379,863

	Shares or Principal Amount($)		Value($)
Money Market Fund (9.5%)
Federated Tax-Free Obligations Fund, Institutional Shares, 0.04%(c)		4,858,161		4,858,161
Total Money Market Fund (Cost $4,858,161)				4,858,161
Total Investments (Cost $49,125,497) — 102.3%				52,238,024
Liabilities in excess of other assets — (2.3)%				(1,192,957	)
Net Assets — 100.0%			$	51,045,067

(a) All or a portion of this security has been purchased on a when-issued or delayed-delivery basis.

(b) All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments.

(c) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

Investment Abbreviations

AGM	—	Security guaranteed by Assured Guaranty Municipal Corporation
AMBAC	—	Security guaranteed by American Municipal Bond Assurance Corporation
COP	—	Certificate of Participation
ETM	—	Escrowed to Maturity
GO	—	General Obligation
RB	—	Revenue Bond

See Notes to Financial Statements.

80

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Seix Floating Rate High Income Fund

	Shares or Principal Amount($)		Value($)
Bank Loans (91.5%)
Aerospace/Defense (2.9%)
AM General LLC, Letter of Credit, 3.241%, 09/28/12(a)(b)(c)		852,666		784,453
AM General LLC, Term Loan, 3.244%, 09/30/13(a)(b)(c)		13,641,502		12,550,182
DAE Aviation Holdings, Inc., Tranche B2 Term Loan, 5.560%, 07/31/14(a)(b)		10,382,295		10,236,943
DAE Aviation Holdings, Inc., Tranche B1 Term Loan, 5.560%, 07/31/14(a)(b)		10,890,312		10,737,847
Delos Aircraft, Inc., Term Loan B2, 3.241%, 03/17/16(a)(b)(d)		9,114,808		9,126,566
DigitalGlobe, Inc., Term Loan B, 5.750%, 10/07/18(a)(b)		20,483,663		19,629,494
Huntington Ingalls Industries, Inc., Term Loan A, 2.750%, 03/30/16(a)(b)		12,649,250		12,586,004
Sequa Corp., Term Loan, 3.760%-3.840%, 12/03/14(a)(b)		4,723,085		4,648,979
Sequa Corp., Incremental Term Loan, 6.250%, 12/03/14(a)(b)		3,840,375		3,848,785
TASC, Inc., Incremental Term Loan B, 12/18/15(b)(c)(d)		4,635,000		4,571,269
Transdigm, Inc., New Term Loan B, 4.000%, 02/14/17(a)(b)		4,236,375		4,233,452
Transdigm, Inc., Add-On Term Loan B2, 4.000%, 02/14/17(a)(b)		9,595,950		9,593,551
				102,547,525
Auto Manufacturers (1.2%)
Autoparts Holding Ltd., 1st Lien Term Loan, 6.500%, 07/28/17(a)(b)		4,606,850		4,629,884
Chrysler Group LLC, Term Loan B, 6.000%, 05/24/17(a)(b)		8,256,316		8,379,252

	Shares or Principal Amount($)		Value($)
Auto Manufacturers—continued
Delphi Corp., Term Loan B, 3.500%, 03/31/17(a)(b)		23,421,900		23,379,975
TI Automotive Ltd., New Term Loan, 6.750%-7.750%, 03/09/18(a)(b)		6,815,000		6,827,812
				43,216,923
Auto Parts & Equipment (1.6%)
Allison Transmission, Inc., Term Loan B, 2.750%, 08/07/14(a)(b)		21,940,001		21,757,899
HHI Holdings LLC, New Term Loan B, 7.000%-7.750%, 03/21/17(a)(b)		7,895,906		7,895,906
Metaldyne Co. LLC, New Term Loan B, 5.250%, 05/18/17(a)(b)		3,568,950		3,567,166
Remy International, Inc., Term Loan B, 6.250%, 12/16/16(a)(b)		6,739,022		6,739,022
Tomkins LLC, New Term Loan B, 4.250%, 09/29/16(a)(b)		15,897,848		15,897,848
				55,857,841
Building Materials (0.4%)
Armstrong World Industries, Inc., New Term Loan B, 4.000%, 03/09/18(a)(b)		8,020,129		8,004,088
Goodman Global Holdings, Inc., 1st Lien Term Loan, 5.750%, 10/28/16(a)(b)		5,114,929		5,137,333
Goodman Global Holdings, Inc., 2nd Lien Term Loan, 9.000%, 10/30/17(a)(b)		890,909		905,761
				14,047,182
Chemicals (3.5%)
Ashland, Inc., Term Loan B, 3.750%, 08/23/18(a)(b)		29,323,220		29,316,182
Chemtura Corp., Term Loan B, 5.500%, 08/27/16(a)(b)		4,035,000		4,045,088

See Notes to Financial Statements.

81

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Seix Floating Rate High Income Fund — continued

	Shares or Principal Amount($)		Value($)
Chemicals—continued
Houghton International, Inc., New Term Loan B, 6.750%, 01/29/16(a)(b)		4,376,562		4,376,562
Huntsman International LLC, Term Loan B, 2.850%, 04/19/17(a)(b)		7,573,385		7,425,098
INEOS U.S. Finance LLC, Term Loan C2, 8.001%, 12/16/14(a)(b)(c)		10,511,655		10,905,842
Momentive Specialty Chemicals, Inc., Term Loan C3, 2.499%, 05/03/13(a)(b)		1,762,355		1,727,108
Momentive Specialty Chemicals, Inc., Term Loan C1, 4.000%, 05/05/15(a)(b)		3,196,697		3,160,159
Momentive Specialty Chemicals, Inc., Term Loan C2, 4.250%, 05/05/15(a)(b)		1,358,389		1,342,863
Nexeo Solutions, LLC, Term Loan B, 5.000%, 09/08/17(a)(b)		13,696,650		13,377,107
Omnova Solutions, Inc., Term Loan B, 5.750%, 05/31/17(a)(b)		1,876,250		1,879,383
PolyOne Corp., Term Loan, 5.000%, 12/20/17(a)(b)		2,882,775		2,890,876
Styron S.A.R.L., LLC, New Term Loan B, 6.000%-6.750%, 08/02/17(a)(b)		21,517,290		19,625,490
Taminco Global Chemical Corp., New Term Loan, 6.250%, 02/25/19(a)(b)		4,665,000		4,689,771
Univar, Inc., Term Loan B, 5.000%, 06/30/17(a)(b)		19,342,984		19,367,163
				124,128,692
Commercial Services (2.7%)
Acosta, Inc., Term Loan, 4.750%, 03/01/18(a)(b)		4,378,859		4,369,751
Booz Allen Hamilton, Inc., Term Loan B, 3.750%, 08/03/17(a)(b)		2,197,800		2,204,393
Catalina Marketing Corp., Term Loan, 2.991%, 10/01/14(a)(b)		6,738,484		6,464,766

	Shares or Principal Amount($)		Value($)
Commercial Services—continued
Cengage Learning Acquisitions, Inc., Term Loan, 2.490%, 07/03/14(a)(b)(c)		20,490,949		18,856,591
Education Management LLC, 03/29/18(b)(c)(d)		4,635,000		4,495,950
Hertz Corp. (The), Term Loan B, 3.750%, 03/09/18(a)(b)		11,771,274		11,727,132
Instant Web, Inc., Term Loan B, 3.616%, 08/07/14(a)(b)		9,923,876		8,931,488
JMC Steel Group, Inc., Term Loan, 4.750%, 04/03/17(a)(b)		1,890,234		1,885,508
Merrill Communications LLC, Term Loan, 7.500%, 12/24/12(a)(b)		2,824,065		2,636,971
Merrill Communications LLC, PIK 2nd Lien Term Loan, 13.750%-14.000%, 11/15/13(a)(b)		2,122,466		1,899,608
Moneygram International, Inc., Term Loan B1, 4.250%, 11/17/17(a)(b)		2,736,250		2,716,576
Moneygram International, Inc., Term Loan B, 4.250%, 11/20/17(a)(b)		6,173,846		6,129,456
Protection One Alarm Monitoring, Inc., Term Loan, 5.750%, 03/16/19(a)(b)		6,975,000		6,913,969
Vertafore, Inc., Term Loan, 5.250%, 07/29/16(a)(b)		5,848,285		5,804,423
Vertafore, Inc., 2nd Lien Term Loan, 9.750%, 10/27/17(a)(b)		2,800,000		2,807,000
Walter Energy, Inc., Term Loan B, 4.000%, 04/02/18(a)(b)		6,282,600		6,251,187
				94,094,769
Consumer Discretionary (0.1%)
Collective Brands Finance, Inc., Term Loan A, 2.992%-3.245%, 08/18/14(a)(b)		2,928,494		2,910,191

See Notes to Financial Statements.

82

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RIDGEWORTH FUNDS    March 31, 2012

Seix Floating Rate High Income Fund — continued

	Shares or Principal Amount($)		Value($)
Consumer Staples (0.2%)
Revlon Consumer Products Corp., New Term Loan B, 4.750%, 11/17/17(a)(b)		7,419,283		7,399,993
Diversified Financial Services (6.6%)
Affinion Group, Inc., Term Loan B, 5.000%, 10/10/16(a)(b)(c)		15,007,178		14,205,945
American Capital Holdings, Inc., Term Loan, 7.500%, 12/31/13(a)(b)		642,996		636,566
Asset Acceptance Capital Corp., New Term Loan B, 8.750%-9.500%, 11/08/17(a)(b)		2,468,750		2,453,320
BNY ConvergEx Group LLC, 2nd Lien Term Loan, 8.750%, 12/18/17(a)(b)		1,103,985		1,092,945
BNY ConvergEx Group LLC, Term Loan, 5.000%, 12/19/16(a)(b)		4,548,955		4,514,837
BNY ConvergEx Group LLC, Top Borrower 2nd Lien Term Loan, 8.750%, 12/18/17(a)(b)		2,631,015		2,604,705
BNY ConvergEx Group LLC, Top Borrower Term Loan, 5.000%, 12/19/16(a)(b)		10,330,081		10,252,606
Fidelity National Information Solutions, Inc., New Term Loan B, 4.250%, 07/18/16(a)(b)		472,000		473,180
First Data Corp., Term Loan B1, 2.992%, 09/24/14(a)(b)		8,531,872		8,211,927
First Data Corp., Term Loan B2, 2.992%, 09/24/14(a)(b)		26,559,776		25,563,784
First Data Corp., Term Loan B3, 2.992%, 09/24/14(a)(b)		4,984,679		4,797,753
Interactive Data Corp., New Term Loan B, 4.500%, 02/12/18(a)(b)		11,338,572		11,317,369

	Shares or Principal Amount($)		Value($)
Diversified Financial Services—continued
Lawson Software, Inc., Term Loan B, 03/30/18(b)(c)(d)		20,865,000		20,760,675
Lawson Software, Inc., Term Loan B1, 10/18/16(b)(c)(d)		6,490,000		6,425,100
Metokote Corp., New Term Loan, 10.000%, 11/27/13(a)(b)		1,798,157		1,798,157
Mondrian Investment Partners LLC., Term Loan, 5.500%, 07/12/18(a)(b)		5,172,960		5,179,426
Monitronics International, Inc., Term Loan B, 5.500%, 03/16/18(a)(b)		6,505,000		6,503,634
MSCI, Inc., Term Loan B1, 3.500%, 03/14/17(a)(b)		5,582,943		5,574,959
Nuveen Investments, Inc., Extended 1st Lien Term Loan, 5.720%-5.803%, 05/13/17(a)(b)		9,146,700		8,752,552
Nuveen Investments, Inc., Extended Term Loan, 5.720%-5.803%, 05/12/17(a)(b)		7,508,300		7,494,260
Oberthur Technologies, Term Loan B, 03/30/19(a)(b)(c)(d)		11,120,000		10,564,000
Peach Holdings, LLC., PIK Term Loan, 8.750%, 11/21/13(a)(b)		512,772		494,825
Springleaf Finance Company, Term Loan, 5.500%, 05/10/17(a)(b)(e)		43,330,000		39,791,239
SunGard Data Systems, Inc., Tranche B, 3.866%-4.148%, 02/26/16(a)(b)		1,289,215		1,289,202
SunGard Data Systems, Inc., Tranche C, 3.994%, 02/28/17(a)(b)		4,550,879		4,554,611
VFH Parent LLC, Term Loan, 7.500%, 07/08/16(a)(b)		24,835,431		24,804,387
				230,111,964

See Notes to Financial Statements.

83

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RIDGEWORTH FUNDS    March 31, 2012

Seix Floating Rate High Income Fund — continued

	Shares or Principal Amount($)		Value($)
Electric (1.4%)
Aeroflex Inc., Term Loan B, 4.250%, 05/09/18(a)(b)		10,836,978		10,701,515
Calpine Corp., Term Loan B2, 4.500%, 04/02/18(a)(b)		1,900,638		1,892,332
Calpine Corp., New Term Loan, 4.500%, 04/02/18(a)(b)		14,453,451		14,390,290
Equipower Resources Holdings LLC, Term Loan B, 5.750%, 01/26/18(a)(b)		2,137,900		1,998,937
NRG Energy, Inc., New Term Loan B, 4.000%, 07/02/18(a)(b)		7,906,752		7,895,366
Texas Competitive Electric Holdings Co. LLC, Extended Term Loan, 4.743%, 10/10/17(a)(b)		22,671,642		12,575,733
				49,454,173
Electronics (0.4%)
Eagle Parent, Inc., Term Loan, 5.000%, 05/16/18(a)(b)		7,408,683		7,340,153
iPayment, Inc., Term Loan B, 5.750%, 05/08/17(a)(b)		6,293,300		6,266,616
				13,606,769
Energy (2.3%)
Aventine Renewable Energy Holdings, Inc., Term Loan B, 10.500%, 12/21/15(a)(f)		14,037,364		10,785,328
Brand Energy & Infrastructure Services, Inc., Revolver, 0.500%-2.250%, 02/05/13(a)(b)		7,500,000		6,796,875
Glenn Pool Oil, Term Loan, 4.500%, 05/02/16(a)(b)		52,995,483		52,995,483
Sandridge Energy, Inc., Bridge Term Loan, 02/23/13(b)(c)(d)		10,115,000		10,115,000
				80,692,686

	Shares or Principal Amount($)		Value($)
Entertainment (3.0%)
AMC Networks, Inc., Term Loan B, 4.000%, 12/31/18(a)(b)		13,597,250		13,557,546
Barrington Broadcasting Group LLC, Term Loan B, 7.500%, 06/14/17(a)(b)		2,734,459		2,746,436
Caesars Entertainment Operating Co., Extended Term Loan B6, 5.492%, 01/26/18(a)(b)		12,775,177		11,538,668
Caesars Entertainment Operating Co., Incremental Term Loan B4, 9.500%, 10/31/16(a)(b)		4,042,293		4,149,778
Caesars Entertainment Operating Co., Term Loan B2, 3.242%, 01/28/15(a)(b)(c)		4,400,000		4,186,204
Caesars Entertainment Operating Co., Term Loan B3, 01/28/15(a)(c)(d)		1,995,000		1,898,063
Carmike Cinemas, Inc., Term Loan B, 5.500%, 01/27/16(a)(b)		5,018,238		5,019,141
CCM Merger, Inc., New Term Loan B, 7.000%, 03/01/17(a)(b)		5,104,318		5,108,146
Cinedigm Digital Funding I LLC, Term Loan, 5.250%, 04/29/16(a)(b)		3,676,165		3,653,189
Emmis Operating Co., Term Loan B, 4.473%-6.250%, 11/01/13(a)(b)		2,292,457		2,139,160
Hubbard Radio LLC, Term Loan B, 5.250%, 04/28/17(a)(b)		6,307,338		6,315,222
Hubbard Radio LLC, 2nd Lien Term Loan, 8.750%, 04/30/18(a)(b)		1,690,000		1,709,013
IMG Worldwide, Inc., New Term Loan B, 5.500%, 06/16/16(a)(f)		14,611,489		14,520,167
Kasima LLC, Term Loan B, 5.000%, 03/31/17(a)(b)		11,880,000		11,850,300

See Notes to Financial Statements.

84

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RIDGEWORTH FUNDS    March 31, 2012

Seix Floating Rate High Income Fund — continued

	Shares or Principal Amount($)		Value($)
Entertainment—continued
Live Nation Entertainment, Inc., Term Loan B, 4.500%, 11/07/16(a)(b)		3,268,486		3,264,400
Mediacom Illinois LLC, Tranche C Term Loan, 1.950%, 01/30/15(a)(b)		1,009,053		971,718
Sea World Parks & Entertainment, Inc., Term Loan B, 4.000%, 08/17/17(a)(b)(c)		11,123,846		11,095,925
				103,723,076
Food (1.5%)
Aramark Corp., Letter of Credit, 1.966%, 01/27/14(a)(b)		484,590		479,444
Aramark Corp., Term Loan, 2.345%, 01/27/14(a)(b)		6,015,410		5,951,526
Burger King Corp., New Term Loan B, 4.500%, 10/19/16(a)(b)		4,183,286		4,175,212
Dean Foods Co., Tranche B Term Loan, 1.750%, 04/02/14(a)(b)		4,554,124		4,482,259
Dunkin’ Brands, Inc., Term Loan B2, 4.000%, 11/23/17(a)(b)		15,968,864		15,944,592
JBS USA Holdings, Inc., Term Loan, 4.250%, 05/25/18(a)(b)		19,284,275		19,338,271
Pinnacle Foods Finance LLC, Term Loan E, 04/18/18(b)(c)(d)		3,710,000		3,718,125
				54,089,429
Health Care (9.7%)
Aptalis Pharma, Inc., Term Loan B, 5.500%, 02/10/17(a)(b)		12,521,500		12,364,981
Ardent Medical Services, Inc., 1st Lien Term Loan, 6.500%, 09/15/15(a)(b)		10,828,199		10,746,988
Biomet, Inc., Term Loan B, 3.241%-3.474%, 03/25/15(a)(b)		5,881,296		5,812,837
CareStream Health, Inc., Term Loan B, 5.000%, 02/25/17(a)(b)		26,713,522		26,079,075

	Shares or Principal Amount($)		Value($)
Health Care—continued
Community Health Systems, Inc., Non Extended Term Loan, 2.491%-2.739%, 07/25/14(a)(b)(e)		45,019,073		44,409,064
Community Health Systems, Inc., Extended Term Loan, 3.970%-3.989%, 01/25/17(a)(b)		7,282,780		7,174,485
Convatec, Inc., Term Loan, 5.750%, 12/22/16(a)(b)		6,038,563		6,025,338
CRC Health Corp., Extended Term Loan, 4.970%, 11/16/15(a)(b)		4,089,830		3,650,173
Drumm Investors LLC, Term Loan, 5.000%, 05/04/18(a)		18,670,654		17,583,089
Harlan Sprague Dawley, Inc., Term Loan B, 3.860%, 07/11/14(a)(b)		4,739,982		4,206,734
HCA, Inc., Term Loan B3, 3.491%, 05/01/18(a)(b)(e)		36,840,135		36,048,072
HCA, Inc., Term Loan B2, 3.720%, 03/31/17(a)(b)		12,000,000		11,767,560
IASIS Healthcare LLC, Term Loan, 5.000%, 05/03/18(a)(b)(e)		29,358,450		29,346,120
Inc Research, Inc., Term Loan B, 7.000%, 07/12/18(a)(b)		22,043,425		22,043,425
MultiPlan, Inc., New Term Loan B, 4.750%, 08/26/17(a)(b)		6,594,710		6,524,674
RPI Financial Trust, Term Loan Tranche 2, 4.000%, 05/09/18(a)(b)		69,893,446		69,783,713
Universal Health Services, Inc., New Term Loan B, 3.750%-5.000%, 11/15/16(a)(b)		10,866,874		10,841,120
Vanguard Health Holding Co. II LLC, Term Loan B, 5.000%, 01/29/16(a)(b)		7,369,730		7,373,710
Warner Chilcott Co., LLC, New Term Loan B2, 4.250%, 03/15/18(a)(b)		2,179,659		2,176,912

See Notes to Financial Statements.

85

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Seix Floating Rate High Income Fund — continued

	Shares or Principal Amount($)		Value($)
Health Care—continued
Warner Chilcott Corp., New Term Loan B1, 4.250%, 03/15/18(a)(b)		4,359,317		4,353,825
WC Luxco S.A.R.L., New Term Loan B3, 4.250%, 03/15/18(a)(b)		2,997,031		2,993,254
				341,305,149
Healthcare—Services (0.7%)
Kinetic Concepts, Inc., Term Loan B2, 6.500%, 11/04/16(a)(b)		7,466,288		7,496,153
Regionalcare Hospital Partners, Inc., Term Loan B, 8.000%, 11/02/18(a)(b)		9,256,330		9,333,436
Valeant Pharmaceuticals Int’l., Add-On Term Loan B, 3.750%, 02/08/19(a)(b)		9,295,000		9,210,880
				26,040,469
Information Technology (1.6%)
Allen Systems Group, Inc., Add-On Term Loan B, 6.500%, 11/20/15(a)(b)		5,688,830		5,655,664
Aspect Software, Inc., New Term Loan B, 6.250%, 05/06/16(a)(b)		3,856,201		3,856,201
CDW LLC, Term Loan, 4.000%, 07/14/17(a)(b)		17,811,421		17,228,810
Flexera Software, Inc., New Term Loan B, 7.500%, 09/29/17(a)(b)		4,291,650		4,302,379
Flextronics International Ltd., Term Loan A-2, 2.491%, 10/01/14(a)(b)		741,743		733,555
Flextronics International Ltd., Term Loan A-1, 2.491%, 10/01/14(a)(b)		447,033		442,098
Flextronics International Ltd., Term Loan A, 2.491%-2.494%, 10/01/14(a)(b)		1,892,474		1,871,581
Presidio, Inc., Incremental Term Loan B, 7.250%, 03/31/17(a)(b)		2,686,802		2,713,670

	Shares or Principal Amount($)		Value($)
Information Technology—continued
Presidio, Inc., New Term Loan B, 7.250%, 03/31/17(a)(b)		9,680,031		9,776,831
Verint Systems, Inc., Term Loan, 4.500%, 10/27/17(a)(b)		8,609,838		8,582,975
				55,163,764
Insurance (2.5%)
Asurion LLC., 1st Lien Term Loan, 5.500%, 05/24/18(a)(b)(c)		36,948,066		36,587,083
Asurion LLC., 2nd Lien Term Loan, 9.000%, 05/24/19(a)(b)		4,900,000		4,954,243
Aveta, Inc., NAMM Loan Facility, 04/04/17(b)(c)(d)		7,415,000		7,192,550
Hub International Ltd., Term Loan, 2.970%, 06/13/14(a)(b)		778,186		764,778
Hub International Ltd., Delayed Draw Term Loan, 2.970%, 06/13/14(a)(b)		174,931		171,917
Hub International Ltd., Add on Term Loan B, 6.750%, 06/13/14(a)(b)		2,496,328		2,494,256
Lonestar Intermediate Super Holdings, LLC, Term Loan B, 11.000%, 08/16/19(a)(b)		27,625,000		27,930,809
Sedgwick CMS Holdings, Inc., New Term Loan, 5.000%, 12/30/16(a)(b)		7,883,885		7,851,009
				87,946,645
Lodging (1.0%)
Las Vegas Sands LLC, Term Loan B, 1.750%, 05/23/14(a)(b)		8,509,670		8,374,281
Las Vegas Sands LLC, Delayed Draw Term Loan, 1.750%, 05/23/14(a)(b)		1,707,894		1,680,721
Las Vegas Sands LLC, Delayed Draw Term Loan, 2.750%, 11/23/15(a)(b)		4,645,892		4,482,635

See Notes to Financial Statements.

86

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RIDGEWORTH FUNDS    March 31, 2012

Seix Floating Rate High Income Fund — continued

	Shares or Principal Amount($)		Value($)
Lodging—continued
Las Vegas Sands LLC, Term Loan B, 2.750%, 11/23/16(a)(b)		13,526,760		13,051,430
Las Vegas Sands LLC, Delayed Draw Term Loan, 2.750%, 11/23/16(a)(b)		2,718,676		2,623,142
Seminole Tribe of Florida, Term Loan B1, 1.970%, 03/05/14(a)(b)		905,119		896,638
Seminole Tribe of Florida, Term Loan B2, 1.970%, 03/05/14(a)(b)		3,267,181		3,236,567
Seminole Tribe of Florida, Term Loan B3, 1.970%, 03/05/14(a)(b)		1,314,381		1,302,065
				35,647,479
Machinery Diversified (0.8%)
ACCO Brands Corp., New Term Loan B, 03/08/19(a)(b)(c)(d)		6,970,000		6,965,679
Alliance Laundry Systems LLC, Term Loan B, 6.250%-6.75%, 09/30/16(a)(b)		3,542,684		3,538,256
Milacron LLC, Term Loan B, 7.500%, 05/15/17(a)(b)		13,367,735		13,334,316
NACCO Materials Handling Group, Inc., Term Loan, 1.991%-2.404%, 03/22/13(a)(b)		3,298,750		3,284,994
				27,123,245
Media (8.1%)
CCO Holdings LLC, 3rd Lien Term Loan, 2.741%, 09/05/14(a)(b)(e)		36,174,084		35,631,473
Charter Communications Operating LLC, Term Loan, 03/06/14(b)(c)(d)		67,765		67,353
Charter Communications Operating LLC, Term Loan C, 3.720%, 09/06/16(a)(b)		9,824,619		9,769,405

	Shares or Principal Amount($)		Value($)
Media—continued
Clear Channel Communications, Inc., Delayed Draw Term Loan , 3.891%, 01/29/16(a)(b)		775,276		611,824
Clear Channel Communications, Inc., Term Loan A, 3.641%, 07/29/14(a)(b)(c)		24,826,090		22,902,068
Clear Channel Communications, Inc., Term Loan B, 3.891%, 01/28/16(a)(b)		13,342,068		10,788,930
Clear Channel Communications, Inc., Term Loan C, 3.891%, 01/28/16(a)(b)		29,901,314		23,308,074
Clear Channel Communications, Inc., Delayed Draw Term Loan 2, 3.891%, 01/29/16(a)(b)		882,437		696,393
EMI Music Publishing Ltd., Term Loan B, 11/14/17(b)(c)(d)		9,295,000		9,339,151
FoxCo Acquisition Sub LLC, Term Loan B, 4.750%, 07/14/15(a)(b)		4,875,059		4,867,746
Getty Images, Inc., Term Loan, 5.250%, 11/07/16(a)(b)		3,710,000		3,722,985
Gray Television, Inc., Term Loan B, 3.750%, 12/31/14(a)(b)(c)		30,138,472		29,815,689
Media General, Inc., Term Loan, 10.000%, 03/29/13(a)(b)		19,463,081		18,526,517
Mediacom Broadband LLC, Tranche F Term Loan , 4.500%, 10/23/17(a)(b)		4,573,538		4,539,236
Radio One, Inc., Term Loan B, 7.500%-8.250%, 03/23/16(a)(b)		11,984,224		11,874,329
San Juan Cable, LLC, New Term Loan B, 6.000%, 06/09/17(a)(b)		7,250,213		7,123,334

See Notes to Financial Statements.

87

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Seix Floating Rate High Income Fund — continued

	Shares or Principal Amount($)		Value($)
Media—continued
San Juan Cable, LLC, 2nd Lien Term Loan, 10.000%, 06/08/18(a)(b)		11,745,000		11,398,522
Summit Entertainment, LLC, Term Loan B, 6.750%, 08/22/16(a)(b)		18,373,627		18,258,792
Syniverse Technologies, Inc., Term Loan B, 5.250%, 12/21/17(a)(b)		7,316,457		7,334,748
Tribune Co., Term Loan B, 0.000%, 06/04/14(a)(b)(g)(h)		7,000,000		4,596,690
Univision Communications, Inc., Initial Term Loan, 2.244%, 09/29/14(a)(b)		16,798,454		16,530,183
Village Roadshow Ltd., Term Loan A2, 5.500%, 05/27/15(a)(f)		26,638,700		26,372,313
Weather Channel Interactive, Inc. (The), New Term Loan B, 4.250%, 02/13/17(a)(b)		3,908,932		3,909,636
				281,985,391
Metals (0.6%)
Schaeffler AG, Term Loan C2, 01/27/17(b)(c)(d)		21,655,000		21,746,384
Mining (1.0%)
American Rock Salt Holdings LLC, Term Loan, 5.500%, 04/25/17(a)(b)		3,486,511		3,310,024
Fairmount Minerals Ltd., New Term Loan B, 5.250%, 03/15/17(a)(b)		8,621,100		8,626,531
Novelis, Inc., Term Loan, 4.000%, 03/10/17(a)(b)		21,764,500		21,682,883
				33,619,438
Miscellaneous Manufacturer (1.0%)
Clarke American Corp., Term Loan B, 2.741%-2.970%, 06/30/14(a)(b)(c)		17,923,663		16,680,298
Manitowoc Co., Inc. (The), New Term Loan B, 4.250%, 11/13/17(a)(b)		3,710,100		3,698,970
Sensata Technologies, Term Loan, 4.000%, 05/11/18(a)(b)		15,120,738		15,106,524
				35,485,792

	Shares or Principal Amount($)		Value($)
Oil & Gas (5.9%)
CITGO Petroleum Corp., Term Loan B, 8.000%, 06/24/15(a)(b)		2,182,857		2,202,874
CITGO Petroleum Corp., Term Loan C, 9.000%, 06/23/17(a)(b)		3,930,000		4,008,600
Crestwood Holdings LLC, Term Loan B, 9.750%, 03/20/18(a)(b)		3,725,000		3,783,222
Energy Transfer Equity, L.P., New Term Loan B, 3.750%, 03/21/17(a)(b)(c)		49,370,000		48,413,703
EP Energy Corp., Unsecured Bridge Loan, 10/31/12(b)(c)(d)		17,485,000		17,485,000
Frac Tech International LLC, Term Loan B, 6.250%, 05/06/16(a)(b)(e)		31,317,816		31,169,996
MEG Energy Corp., New Term Loan B, 4.000%, 03/16/18(a)(b)		25,949,600		25,884,726
Obsidian Holdings LLC, Tranche A, 6.750%, 11/02/15(a)(b)		3,196,983		3,196,983
Obsidian Natural Gas Trust, Term Loan, 7.000%, 11/02/15(a)(b)		30,950,570		31,105,323
TPF Generation Holdings LLC, Term Loan B, 2.241%, 12/13/13(a)(b)		6,626,253		6,598,621
TPF Generation Holdings LLC, Letter of Credit, 2.470%, 12/13/13(a)(b)		3,923,773		3,907,411
TPF Generation Holdings LLC, 2nd Lien Term Loan C, 4.491%-4.720%, 12/15/14(a)(b)		10,250,000		9,896,375
Western Refining, Inc., New Term Loan B, 7.500%, 03/15/17(a)(b)		18,474,508		18,628,401
				206,281,235
Packaging & Containers (1.1%)
Anchor Glass Container Corp., 1st Lien Term Loan, 6.000%, 03/02/16(a)(b)		1,093,113		1,092,774
Berry Plastics Corp., Term Loan C, 2.242%, 04/03/15(a)(b)		8,958,101		8,737,195

See Notes to Financial Statements.

88

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RIDGEWORTH FUNDS    March 31, 2012

Seix Floating Rate High Income Fund — continued

	Shares or Principal Amount($)		Value($)
Packaging & Containers—continued
Reynolds Group Holdings, Inc., Tranche B Term Loan, 6.500%, 02/09/18(a)(b)		5,126,749		5,176,581
Reynolds Group Holdings, Inc., Tranche C Term Loan, 6.500%, 08/09/18(a)(b)		24,198,891		24,492,423
				39,498,973
Real Estate (7.6%)
CB Richard Ellis Services, Inc., New Term Loan B, 3.492%, 11/06/16(a)(b)		3,171,501		3,156,310
CB Richard Ellis Services, Inc., New Term Loan C, 3.491%, 03/05/18(a)(b)		30,663,287		30,440,979
CB Richard Ellis Services, Inc., New Term Loan D, 3.742%, 09/04/19(a)(b)		50,437,344		50,071,673
CB Richard Ellis Services, Inc., Term Loan A, 2.492%, 11/07/15(a)(b)		18,473,333		18,427,150
Grizzly Ventures LLC, Term Loan B, 3.243%, 12/02/14(a)(b)		17,698,333		17,521,350
Istar Financial, Inc., Add on Term Loan A1, 5.250%, 03/15/16(a)(b)		40,700,000		40,038,625
Istar Financial, Inc., Add on Term Loan A2, 7.000%, 03/15/17(a)(b)		4,635,000		4,633,563
Istar Financial, Inc., Term Loan A1, 5.000%, 06/28/13(a)(b)(e)		69,395,471		69,258,068
Istar Financial, Inc., Term Loan A2, 7.000%, 06/30/14(a)(b)		17,600,000		17,552,304
Mattamy Funding Partnership, Term Loan B, 2.750%, 04/11/13(a)(b)		2,854,152		2,782,798
Realogy Corp., Extended Letter of Credit, 4.490%, 10/10/16(a)(b)(c)		1,101,975		1,026,489
Realogy Corp., Letter of Credit, 3.247%, 10/10/13(a)(b)		186,674		175,786
Realogy Corp., Term Loan, 4.770%, 10/10/16(a)(b)(c)		11,938,165		11,120,400
				266,205,495

	Shares or Principal Amount($)		Value($)
Retail (3.9%)
Capital Automotive L.P., New Term Loan B, 5.250%, 03/10/17(a)(b)		56,649,265		56,177,376
Gymboree Corp., Initial Term Loan, 02/23/18(b)(c)(d)		4,538,510		4,292,886
Harbor Freight Tools USA, Inc., 1st Lien Term Loan, 6.500%, 12/22/17(a)(b)		5,520,455		5,556,669
J Crew Group, Inc., New Term Loan B, 4.750%, 03/07/18(a)(b)(c)		6,869,937		6,741,882
Jo-Ann Stores, Inc., Term Loan, 4.750%, 03/16/18(a)(b)		12,148,769		12,053,280
Leslie’s Poolmart, Inc., Term Loan B, 4.500%, 11/21/16(a)(b)		5,601,718		5,573,710
Lord & Taylor Holdings LLC, Term Loan B, 5.750%, 01/11/19(a)(b)		8,620,000		8,660,428
Michaels Stores, Inc., Term Loan B1, 2.750%-2.875%, 10/31/13(a)(b)		3,703,058		3,692,764
NBTY, Inc., New Term Loan B, 4.250%, 10/02/17(a)(b)		9,075,518		9,076,425
PETCO Animal Supplies, Inc., New Term Loan, 4.500%, 11/24/17(a)(b)		12,669,600		12,656,930
Sleepy LLC, Term Loan B, 03/22/18(b)(c)(d)		9,270,000		9,200,475
The Yankee Candle Co., Inc., New Term Loan B, 03/29/19(a)(b)(c)(d)		3,320,000		3,327,603
				137,010,428
Semiconductors (0.9%)
Freescale Semiconductor, Inc., Term Loan B, 4.494%, 12/01/16(a)(b)		17,817,817		17,314,464
Microsemi Corp., Repriced Term Loan, 4.000%, 02/02/18(a)(b)		9,361,827		9,338,423
Semtech Corp., Term Loan B, 4.250%, 03/15/17(a)(b)		3,720,000		3,710,700
				30,363,587

See Notes to Financial Statements.

89

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Seix Floating Rate High Income Fund — continued

	Shares or Principal Amount($)		Value($)
Software (0.6%)
Genesys Telecom Holdings, U.S., Inc., Term Loan B, 6.750%, 01/31/19(a)(b)		6,670,000		6,711,687
Sophia, L.P., Term Loan B, 6.250%, 07/19/18(a)(b)		10,670,000		10,823,435
VeriFone, Inc., New Term Loan B, 4.250%, 12/28/18(a)(b)		2,653,350		2,651,360
				20,186,482
Telecommunication Services (12.1%)
Airvana, Inc., Term Loan B, 10.000%, 03/25/15(a)(b)		9,486,904		9,012,559
Atlantic Broadband Finance LLC, Tranche B Term Loan, 03/08/16(a)(b)(d)		4,792,601		4,775,971
Avaya, Inc., Non Extended Term Loan B1, 3.241%, 10/24/14(a)(b)		16,255,671		15,727,361
BBHI Acquisition LLC, Term Loan B, 4.500%, 12/14/17(a)(b)		4,875,856		4,866,299
Cequel Communications LLC, Term Loan B, 4.000%, 02/14/19(a)(b)(c)		29,190,000		28,934,587
Consolidated Communications, Inc., Non-Extended Delayed Draw, 2.750%, 12/31/14(a)(b)		114,713		112,705
Consolidated Communications, Inc., Non Extended Term Loan B, 2.750%, 12/31/14(a)(b)		3,132,150		3,077,337
Crown Castle International Corp., Term Loan B, 4.000%, 01/31/19(a)(b)		22,334,025		22,237,765
CSC Holdings, Inc., Term Loan A4, 0.996%, 10/31/16(a)(b)		15,870,000		15,579,103
Cumulus Media Holdings, Inc., 2nd Lien Term Loan, 7.500%, 09/16/19(a)(b)		7,330,000		7,420,086

	Shares or Principal Amount($)		Value($)
Telecommunication Services—continued
Cumulus Media, Inc., Term Loan, 5.750%, 09/17/18(a)(b)		37,531,355		37,707,377
Entercom Radio LLC, Term Loan B, 6.250%-7.250%, 11/23/18(a)(b)		4,491,933		4,514,393
Integra Telecom, Inc., New Term Loan B, 9.250%, 04/15/15(a)(b)		10,212,265		9,593,197
Intelsat Jackson Holdings Ltd., Term Loan, 3.242%, 02/03/14(a)(b)		21,765,000		21,351,465
Intelsat Jackson Holdings SA, Tranche B Term Loan, 5.250%, 04/02/18(a)(b)(e)		54,506,725		54,864,289
Kabel Deutschland GMBH, Term Loan F, 4.250%, 02/01/19(a)(b)(c)		14,285,000		14,218,718
Level 3 Financing, Inc., Term Loan A, 2.492%-2.827%, 03/13/14(a)(b)		22,210,187		21,863,264
Level 3 Financing, Inc., Term Loan B3, 5.750%, 08/31/18(a)(b)		25,515,000		25,743,614
Level 3 Financing, Inc., Term Loan B2, 5.750%, 09/03/18(a)(b)		48,010,000		48,440,170
LIN Television Corp., Term Loan B, 5.000%, 12/21/18(a)(b)		5,730,638		5,752,127
Local TV Finance LLC, Term Loan B, 2.250%, 05/07/13(a)(b)		2,375,753		2,350,024
MetroPCS Wireless, Inc., New Term Loan B3, 4.000%, 03/16/18(a)(b)		18,719,249		18,518,017
NeuStar, Inc., Term Loan B, 5.000%, 11/08/18(a)(b)		4,358,960		4,377,137
Telesat LLC, Term Loan B, 03/26/19(b)(c)(d)		9,735,000		9,716,796
Telx Group, Inc., Term Loan B, 7.750%, 09/26/17(a)(b)		8,412,625		8,437,190
TowerCo Finance LLC, New Term Loan B, 04/12/18(a)(b)(c)(d)		4,792,897		4,792,897

See Notes to Financial Statements.

90

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RIDGEWORTH FUNDS    March 31, 2012

Seix Floating Rate High Income Fund — continued

	Shares or Principal Amount($)		Value($)
Telecommunication Services—continued
UPC Financing Partnership, Term Loan T, 3.744%, 12/30/16(a)(b)		220,210		218,375
UPC Financing Partnership, New Term Loan, 4.750%, 12/29/17(a)(b)		18,710,000		18,739,188
				422,942,011
Telecommunications (2.5%)
LightSquared LP, PIK Term Loan B, 12.000%, 10/01/14(b)		7,236,851		3,252,964
Vodafone Americas Finance 2, PIK Term Loan B, 6.250%, 07/11/16(f)		47,906,719		48,026,486
Vodafone Americas Finance 2, PIK Term Loan, 6.875%, 08/11/15(f)		21,945,923		22,055,653
Zayo Group LLC, Term Loan, 7.000%, 12/01/16(a)(b)		14,738,063		14,749,116
				88,084,219
Textiles (0.1%)
Warnaco, Inc., Term Loan, 3.750%, 06/15/18(a)(b)		4,387,424		4,360,002
Transportation (0.3%)
Avis Budget Car Rental LLC, Term Loan C, 4.250%, 03/19/19(a)(b)		6,505,000		6,480,606
Avis Budget Car Rental LLC, Incremental Term Loan, 6.250%, 09/21/18(a)(b)		2,270,291		2,285,911
				8,766,517
Utilities (1.7%)
Aes Corp., New Term Loan, 4.250%, 06/01/18(a)(b)		29,244,600		29,256,590
Astoria Generating Co. Acquisitions LLC, 2nd Lien Term Loan C, 4.000%, 08/23/13(a)(b)		24,890,000		22,795,009

	Shares or Principal Amount($)		Value($)
Utilities—continued
Astoria Generating Co. Acquisitions LLC, Term Loan B, 5.000%, 02/23/13(a)(b)		6,634,157		6,431,019
				58,482,618
Total Bank Loans (Cost $3,205,977,478)				3,204,126,536
Corporate Bonds (5.1%)
Auto Manufacturers (0.0%)(i)
General Motors Co. Escrow, 7.200%, (f)(g)(j)(k)		10,000,000		100,000
General Motors Co. Escrow, 8.375%, (f)(g)(j)(k)		10,000,000		100,000
				200,000
Diversified Financial Services (0.0%)(i)
Aircastle Ltd., 6.750%, 04/15/17(b)		370,000		370,000
Aircastle Ltd., 7.625%, 04/15/20(b)		260,000		260,000
				630,000
Electric (1.2%)
General Cable Corp., 2.956%, 04/01/15(a)(e)		5,133,000		4,825,020
Glenn Pool Oil & Gas Trust, 6.000%, 08/02/21		37,746,137		38,406,694
				43,231,714
Insurance (0.2%)
MBIA, Inc., 5.700%, 12/01/34		8,285,000		5,136,700
Iron/Steel (0.0%)(i)
AK Steel Corp., 8.375%, 04/01/22		920,000		892,400
Oil & Gas (0.1%)
SandRidge Energy, Inc., 4.206%, 04/01/14(a)		1,000,000		995,158
Western Refining, Inc., 11.250%, 06/15/17(b)		885,000		1,008,900
				2,004,058
Pipelines (0.1%)
Atlas Pipeline Partners LP, 8.750%, 06/15/18(e)		3,855,000		4,105,575

See Notes to Financial Statements.

91

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Seix Floating Rate High Income Fund — continued

	Shares or Principal Amount($)		Value($)
Semiconductors (0.0%)(i)
MEMC Electronic Materials, Inc., 7.750%, 04/01/19		205,000		162,975
Telecommunication Services (3.5%)
Cricket Communications, Inc., 7.750%, 05/15/16(e)		3,000,000		3,165,000
Integra Telecom, Inc., 10.750%, 04/15/16(b)		280,000		257,600
Intelsat Bermuda Ltd., 11.250%, 02/04/17(e)		1,800,000		1,872,000
Intelsat Bermuda Ltd. PIK, 11.500%, 02/04/17(e)		3,900,017		4,056,018
Intelsat Jackson Holdings SA, 7.500%, 04/01/21		1,250,000		1,314,063
Intelsat Luxembourg SA, PIK, 11.500%, 02/04/17(b)		21,745,000		22,397,350
iPCS, Inc., 2.672%, 05/01/13(a)(e)		10,318,000		9,905,280
Level 3 Communications, Inc., 11.875%, 02/01/19		1,880,000		2,143,200
Level 3 Financing, Inc., 4.506%, 02/15/15(a)		500,000		483,750
Level 3 Financing, Inc., 8.125%, 07/01/19(b)		4,065,000		4,197,113
Level 3 Financing, Inc., 10.000%, 02/01/18(e)		3,440,000		3,766,800
PAETEC Holding Corp., 8.875%, 06/30/17(e)		1,000,000		1,085,000
Satmex Escrow, 9.500%, 05/15/17(b)(c)		1,000,000		1,020,000
Satmex Escrow SA de CV, 9.500%, 05/15/17		5,000,000		5,150,000
Sprint Capital Corp., 6.875%, 11/15/28		2,000,000		1,530,000
Sprint Capital Corp., 8.750%, 03/15/32(e)		1,700,000		1,457,750
Sprint Nextel Corp., 7.000%, 03/01/20(b)		265,000		268,975
Sprint Nextel Corp., 11.500%, 11/15/21(b)		4,830,000		5,192,250
Trilogy International Partners LLC, 10.250%, 08/15/16(b)		7,958,000		6,943,355
Wind Acquisition Finance Holdings, PIK, 12.250%, 07/15/17(b)		14,335,747		12,297,002

	Shares or Principal Amount($)		Value($)
Telecommunication Services—continued
Wind Acquisition Finance SA, 7.250%, 02/15/18(b)		26,365,000		24,849,012
Wind Acquisition Finance SA, 11.750%, 07/15/17(b)		2,450,000		2,413,250
Windstream Holding of the Midwest, Inc., 6.750%, 04/01/28(e)		4,750,000		4,870,298
				120,635,066
Total Corporate Bonds (Cost $180,915,609)				176,998,488
Preferred Stocks (0.1%)
Diversified Financial Services (0.1%)
Citigroup Capital XII, 8.500%, 03/30/40		4,650		119,040
GMAC Capital Trust I, 8.125%, 02/15/40		94,025		2,172,918
				2,291,958
Total Preferred Stocks (Cost $2,466,875)				2,291,958
Convertible Preferred Stock (0.0%)(i)
Auto Manufacturers (0.0%)(i)
General Motors Co., Series B, 4.750%, 12/01/13		31,750		1,328,737
Total Convertible Preferred Stock (Cost $1,571,307)				1,328,737
Money Market Fund (7.4%)
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 0.00%(l)		259,580,289		259,580,289
Total Money Market Fund (Cost $259,580,289)				259,580,289
Total Investments (Cost $3,650,511,558) — 104.1%				3,644,326,008
Liabilities in excess of other assets — (4.1)%				(143,657,844	)
Net Assets — 100.0%			$	3,500,668,164

See Notes to Financial Statements.

92

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Seix Floating Rate High Income Fund — concluded

(a) Variable or floating rate security. Rate disclosed is as of March 31, 2012.

(b) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 89.8% of net assets as of March 31, 2012.

(c) All or a portion of this security has been purchased on a when-issued or delayed-delivery basis.

(d) The security does not have a stated settlement date and will receive a rate upon settling with the custodian.

(e) All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments.

(f) The Fund’s adviser/subadviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees.

(g) Security is in default.

(h) Bankrupt issuer.

(i) Less than 0.05% of Net Assets.

(j) Valued at fair value using procedures approved by the Board of Trustees. Fair valued securities held by the Fund represent less than 0.05% of net assets as of March 31, 2012.

(k) Security is perpetual in nature and has no stated maturity.

(l) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

Investment Abbreviations

PIK — Payment in-kind

As of March 31, 2012, the Fund had the following unfunded loan commitments:

Borrower	Unfunded Commitments		Unrealized Appreciation (Depreciation)
Brand Energy & Infrastructure Services, Inc.	$	7,500,000	$	(662,492	)

The commitments are available until the maturity date of the respective security.

See Notes to Financial Statements.

93

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Seix High Yield Fund

	Shares or Principal Amount($)		Value($)
Bank Loans (0.9%)
Energy (0.2%)
Sandridge Energy, Inc., Bridge Term Loan, 02/23/13(a)(b)(c)		5,825,000		5,825,000
Oil & Gas (0.5%)
Energy Transfer Equity, L.P., New Term Loan B, 03/21/17(a)(b)(c)		6,810,000		6,678,090
EP Energy Corp., Unsecured Bridge Loan, 10/31/12(a)(b)(c)		4,300,000		4,300,000
				10,978,090
Telecommunication Services (0.2%)
Intelsat Jackson Holdings SA, Tranche B Term Loan, 5.250%, 04/02/18(a)(d)		2,977,500		2,997,033
Level 3 Financing, Inc., Term Loan B3, 5.750%, 08/31/18(a)(d)		1,000,000		1,008,960
				4,005,993
Total Bank Loans (Cost $20,731,620)				20,809,083
Corporate Bonds (91.1%)
Advertising (0.5%)
Affinion Group, Inc., 7.875%, 12/15/18		9,145,000		8,321,950
Checkout Holding Corp., 0.000%, 11/15/15(a)(e)		5,190,000		2,153,850
				10,475,800
Aerospace/Defense (1.6%)
BE Aerospace, Inc., 5.250%, 04/01/22		10,630,000		10,736,300
Ducommun, Inc., 9.750%, 07/15/18		3,165,000		3,354,900
Kratos Defense & Security Solutions, Inc., 10.000%, 06/01/17		7,430,000		8,042,975
Spirit AeroSystems, Inc., 6.750%, 12/15/20		4,945,000		5,352,962
Spirit AeroSystems, Inc., 7.500%, 10/01/17		1,525,000		1,643,188
Triumph Group, Inc., 8.000%, 11/15/17		2,770,000		3,019,300
Triumph Group, Inc., 8.625%, 07/15/18		1,455,000		1,629,600
				33,779,225

	Shares or Principal Amount($)		Value($)
Airlines (1.0%)
Air Canada Inc., 9.250%, 08/01/15(a)(f)		6,545,000		6,381,375
Continental Airlines Pass Thru Certificate, Series 2012-B, C1 B, 6.250%, 10/22/21		1,960,000		1,994,300
Delta Air Lines, Inc., 9.500%, 09/15/14(a)(f)		7,777,000		8,282,505
Delta Air Lines, Inc., 12.250%, 03/15/15(a)(f)		3,610,000		3,889,775
Delta Air Lines, Inc., Series 2007-1, Cl C, 8.954%, 08/10/14		1,442,640		1,440,765
				21,988,720
Auto Manufacturers (1.1%)
Ford Motor Co., 7.450%, 07/16/31(f)		19,802,000		24,207,945
Auto Parts & Equipment (1.4%)
AFFINIA Group, Inc., 10.750%, 08/15/16(a)		1,854,000		2,030,130
Cooper-Standard Automotive, Inc., 8.500%, 05/01/18		8,893,000		9,559,975
Delphi Corp., 5.875%, 05/15/19(a)(f)		3,000,000		3,165,000
Delphi Corp., 6.125%, 05/15/21(a)(f)		4,000,000		4,260,000
Tower Automotive Holdings USA LLC/TA Holdings Finance, Inc., 10.625%, 09/01/17(a)(f)		2,272,000		2,465,120
Visteon Corp., 6.750%, 04/15/19		7,625,000		7,739,375
				29,219,600
Banks (4.2%)
Ally Financial, Inc., 5.500%, 02/15/17(g)		3,625,000		3,629,310
Ally Financial, Inc., 7.500%, 09/15/20(g)		17,661,000		19,073,880
Ally Financial, Inc., 8.000%, 11/01/31		15,445,000		17,028,112
Ally Financial, Inc., 8.300%, 02/12/15		2,202,000		2,397,428
Bank of America Corp., 5.700%, 01/24/22		3,975,000		4,207,871
CIT Group, Inc., 4.750%, 02/15/15(a)		12,580,000		12,691,031

See Notes to Financial Statements.

94

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Seix High Yield Fund — continued

	Shares or Principal Amount($)		Value($)
Banks—continued
CIT Group, Inc., 5.250%, 03/15/18		5,540,000		5,650,800
CIT Group, Inc., 6.625%, 04/01/18(a)		7,760,000		8,409,900
CIT Group, Inc., 7.000%, 05/02/17(a)		2,100,000		2,105,250
Provident Funding Associates LP/PFG Finance Corp., 10.125%, 02/15/19(a)		2,685,000		1,973,475
Provident Funding Association LP, 10.250%, 04/15/17(a)		3,455,000		3,359,988
Regions Bank, 6.450%, 06/26/37		2,825,000		2,810,875
Regions Bank, 7.500%, 05/15/18		2,050,000		2,321,625
Regions Financial Corp., 5.750%, 06/15/15		6,026,000		6,312,235
				91,971,780
Beverages (0.1%)
Cott Beverages, Inc., 8.125%, 09/01/18		1,500,000		1,623,750
Building Materials (1.5%)
Building Materials Corp. of America, 6.750%, 05/01/21(a)		2,885,000		3,061,706
CEMEX Finance LLC, 9.500%, 12/14/16(a)(f)		3,800,000		3,790,880
Masco Corp., 5.950%, 03/15/22		5,540,000		5,552,892
USG Corp., 8.375%, 10/15/18(a)		11,650,000		11,941,250
USG Corp., 9.750%, 08/01/14(a)		5,845,000		6,429,500
USG Corp., 9.750%, 01/15/18		1,715,000		1,702,137
				32,478,365
Chemicals (1.4%)
Huntsman International LLC, 5.500%, 06/30/16(f)		2,505,000		2,501,869
Huntsman International LLC, 8.625%, 03/15/21(f)		1,055,000		1,184,237
INEOS Finance PLC, 9.000%, 05/15/15(a)		1,775,000		1,883,719

	Shares or Principal Amount($)		Value($)
Chemicals—continued
Kinove German Bondco GmbH, 9.625%, 06/15/18(a)		4,050,000		4,212,000
LyondellBasell Industries, 6.000%, 11/15/21(a)		2,025,000		2,126,250
Nova Chemicals Corp., 8.625%, 11/01/19		2,845,000		3,243,300
Oxea Finance & Cy SCA, 9.500%, 07/15/17(a)		2,664,000		2,850,480
Rain CII Carbon LLC, 8.000%, 12/01/18(a)		4,610,000		4,828,975
Solutia, Inc., 7.875%, 03/15/20		3,025,000		3,546,812
TPC Group LLC, 8.250%, 10/01/17		2,000,000		2,095,000
Vertellus Specialties, Inc., 9.375%, 10/01/15(a)		3,265,000		2,481,400
				30,954,042
Coal (0.9%)
Arch Coal, Inc., 7.000%, 06/15/19(a)(f)		9,075,000		8,371,687
Arch Coal, Inc., 7.250%, 06/15/21(a)(f)		865,000		797,963
Peabody Energy Corp., 6.250%, 11/15/21(a)		9,780,000		9,584,400
				18,754,050
Commercial Services (3.5%)
Avis Budget Car Rental LLC, 9.625%, 03/15/18		3,855,000		4,182,675
Avis Budget Car Rental LLC/Avis Budget Finance, Inc., 8.250%, 01/15/19		4,945,000		5,155,162
Cenveo Corp., 8.875%, 02/01/18(f)		3,095,000		2,940,250
Hertz Corp., 7.500%, 10/15/18		2,580,000		2,738,025
Iron Mountain, Inc., 7.750%, 10/01/19		4,135,000		4,517,488
Iron Mountain, Inc., 8.000%, 06/15/20		1,515,000		1,598,325
Jaguar Holding Co. II/Jaguar Merger Sub, Inc., 9.500%, 12/01/19(a)(f)		1,080,000		1,171,800
Live Nation Entertainment, Inc., 8.125%, 05/15/18(a)		3,465,000		3,690,225

See Notes to Financial Statements.

95

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Seix High Yield Fund — continued

	Shares or Principal Amount($)		Value($)
Commercial Services—continued
National Money Mart Co., 10.375%, 12/15/16		4,175,000		4,613,375
ServiceMaster Co., 8.000%, 02/15/20(a)		11,365,000		12,103,725
Speedy Cash, Inc., 10.750%, 05/15/18(a)		4,986,000		5,160,510
United Rentals NA, Inc., 9.250%, 12/15/19(g)		5,616,000		6,191,640
UR Financing Escrow Corp., 5.750%, 07/15/18(a)		4,510,000		4,617,113
UR Financing Escrow Corp., 7.375%, 05/15/20(a)		5,605,000		5,731,112
UR Financing Escrow Corp., 7.625%, 04/15/22(a)		11,110,000		11,415,525
				75,826,950
Computers (0.7%)
Seagate HDD Cayman, 6.875%, 05/01/20		1,610,000		1,712,637
Seagate HDD Cayman, 7.000%, 11/01/21(a)		1,845,000		1,983,375
Seagate HDD Cayman, 7.750%, 12/15/18		4,500,000		4,927,500
Seagate Technology International Co. Ltd., 10.000%, 05/01/14(a)		532,000		601,160
SunGard Data Systems, Inc., 7.375%, 11/15/18		1,375,000		1,460,938
SunGard Data Systems, Inc., 7.625%, 11/15/20		3,490,000		3,725,575
				14,411,185
Cosmetics/Personal Care (0.4%)
Revlon Consumer Products Corp., 9.750%, 11/15/15		7,065,000		7,594,875
Diversified Financial Services (4.8%)
Aircastle Ltd., 6.750%, 04/15/17(a)(d)		7,535,000		7,535,000
Aircastle Ltd., 7.625%, 04/15/20(a)(d)		5,445,000		5,445,000
Aircastle Ltd., 9.750%, 08/01/18(f)		3,200,000		3,568,000
CNG Holdings, Inc., 12.250%, 02/15/15(a)		3,570,000		3,864,525
Community Choice Financial, Inc., 10.750%, 05/01/19(a)		3,970,000		3,875,712

	Shares or Principal Amount($)		Value($)
Diversified Financial Services—continued
Ford Motor Credit Co. LLC, 3.875%, 01/15/15		15,300,000		15,449,359
Ford Motor Credit Co. LLC, 8.125%, 01/15/20		1,800,000		2,175,741
General Motors Financial Co., Inc., 6.750%, 06/01/18		5,290,000		5,650,043
Icahn Enterprises Finance Corp., 8.000%, 01/15/18		6,320,000		6,572,800
Icahn Enterprises LP/Icahn Enterprises Finance Corp., 7.750%, 01/15/16		2,195,000		2,271,825
ILFC E-Capital Trust II, 6.250%, 12/21/65(a)(d)		2,490,000		1,823,925
International Lease Finance Corp., 4.875%, 04/01/15		13,865,000		13,723,632
International Lease Finance Corp., 6.250%, 05/15/19		6,365,000		6,282,758
International Lease Finance Corp., 8.625%, 09/15/15		2,230,000		2,453,000
International Lease Finance Corp., MTN, 5.650%, 06/01/14		1,320,000		1,343,100
Neuberger Berman Group LLC/Neuberger Berman Finance Corp., 5.625%, 03/15/20(a)		4,295,000		4,327,212
Neuberger Berman Group LLC/Neuberger Berman Finance Corp., 5.875%, 03/15/22(a)		8,085,000		8,165,850
SLM Corp., MTN, 7.250%, 01/25/22		3,695,000		3,860,625
SquareTwo Financial Corp., 11.625%, 04/01/17		5,570,000		5,514,300
				103,902,407
Electric (5.5%)
AES Corp. (The), 7.750%, 10/15/15		485,000		540,775
AES Corp. (The), 8.000%, 10/15/17		4,225,000		4,758,406
AES Corp. (The), 9.750%, 04/15/16		2,750,000		3,217,500

See Notes to Financial Statements.

96

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RIDGEWORTH FUNDS    March 31, 2012

Seix High Yield Fund — continued

	Shares or Principal Amount($)		Value($)
Electric—continued
AES Ironwood LLC, 8.857%, 11/30/25		3,150,179		3,528,200
Calpine Corp., 7.500%, 02/15/21(a)		4,600,000		4,910,500
Calpine Corp., 7.875%, 01/15/23(a)		6,310,000		6,814,800
Edison Mission Energy, 7.000%, 05/15/17		2,740,000		1,726,200
Edison Mission Energy, 7.200%, 05/15/19		8,710,000		5,400,200
Edison Mission Energy, 7.500%, 06/15/13(f)		6,087,000		4,991,340
Edison Mission Energy, 7.750%, 06/15/16(f)		1,045,000		721,050
Energy Future Holdings Corp., 10.000%, 01/15/20		14,145,000		15,347,325
GenOn Energy, Inc., 9.500%, 10/15/18		490,000		450,800
GenOn Energy, Inc., 9.875%, 10/15/20(f)		10,449,000		9,508,590
Midwest Generation LLC, Series B, 8.560%, 01/02/16		6,483,587		6,175,617
NRG Energy, Inc., 7.625%, 01/15/18		2,135,000		2,140,338
NRG Energy, Inc., 7.625%, 05/15/19		12,240,000		11,811,600
NRG Energy, Inc., 7.875%, 05/15/21		9,800,000		9,408,000
NRG Energy, Inc., 8.250%, 09/01/20		2,000,000		1,970,000
NRG Energy, Inc., 8.500%, 06/15/19(f)		2,935,000		2,957,013
Texas Competitive Electric Holdings Co. LLC, 11.500%, 10/01/20(a)(f)		35,835,000		23,382,337
				119,760,591
Electronics (0.5%)
Jabil Circuit, Inc., 8.250%, 03/15/18		3,460,000		4,022,250
Rexel SA, 6.125%, 12/15/19(a)		6,090,000		6,166,125
Viasystems Group, Inc., 12.000%, 01/15/15(a)		1,410,000		1,515,750
				11,704,125

	Shares or Principal Amount($)		Value($)
Energy-Alternate Sources (0.2%)
First Wind Capital LLC, 10.250%, 06/01/18(a)		5,075,000		5,100,375
Engineering & Construction (0.3%)
Aguila 3 S.A., 7.875%, 01/31/18(a)		2,900,000		3,030,500
Dycom Investments, Inc., 7.125%, 01/15/21		2,570,000		2,621,400
				5,651,900
Entertainment (2.5%)
Cinemark USA, Inc., 7.375%, 06/15/21(f)		1,590,000		1,705,275
Cinemark USA, Inc., 8.625%, 06/15/19		610,000		677,100
Codere Finance Luxembourg SA, 9.250%, 02/15/19(a)		9,390,000		9,319,575
Diamond Resorts Corp., 12.000%, 08/15/18		15,335,000		16,408,450
FireKeepers Development Authority, 13.875%, 05/01/15(a)		11,185,000		12,443,312
Pinnacle Entertainment, Inc., 7.750%, 04/01/22		2,130,000		2,231,175
Pinnacle Entertainment, Inc., 8.750%, 05/15/20(f)		3,780,000		4,129,650
Regal Entertainment Group, 9.125%, 08/15/18(f)		4,295,000		4,703,025
Speedway Motorsports, Inc., 8.750%, 06/01/16		2,395,000		2,622,525
				54,240,087
Environmental Control (0.3%)
Covanta Holding Corp., 7.250%, 12/01/20		4,610,000		4,959,710
Darling International, Inc., 8.500%, 12/15/18		2,330,000		2,597,950
				7,557,660
Food (0.7%)
JBS USA Finance, Inc., 7.250%, 06/01/21(a)		7,715,000		7,464,262
Post Holdings, Inc., 7.375%, 02/15/22(a)		1,885,000		1,974,538
Stater Brothers Holdings, Inc., 7.750%, 04/15/15		4,790,000		4,891,788
				14,330,588

See Notes to Financial Statements.

97

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Seix High Yield Fund — continued

	Shares or Principal Amount($)		Value($)
Forest Products & Paper (0.2%)
Longview Fibre Paper & Packaging, Inc., 8.000%, 06/01/16(a)(f)		3,575,000		3,642,031
Gas (0.4%)
Sabine Pass LNG LP, 7.250%, 11/30/13		1,845,000		1,946,475
Sabine Pass LNG LP, 7.500%, 11/30/16		6,185,000		6,633,413
				8,579,888
Healthcare—Products (1.7%)
DJO Finance LLC / DJO Finance Corp., 8.750%, 03/15/18(a)		2,065,000		2,085,650
Kinetic Concepts Inc./KCI USA, Inc., 10.500%, 11/01/18(a)		20,045,000		20,821,744
Physio-Control International, Inc., 9.875%, 01/15/19(a)		3,250,000		3,412,500
Rotech Healthcare, Inc., 10.750%, 10/15/15		950,000		946,437
Universal Hospital Services, Inc., PIK, 8.500%, 06/01/15(d)		8,615,000		8,819,606
				36,085,937
Healthcare—Services (4.5%)
Apria Healthcare Group, Inc., 11.250%, 11/01/14		9,380,000		9,813,825
Community Health Systems, Inc., 8.000%, 11/15/19(a)(f)		15,420,000		15,921,150
Community Health Systems, Inc., 8.875%, 07/15/15(f)		5,085,000		5,269,331
Fresenius Medical Care US Finance II, Inc., 5.625%, 07/31/19(a)(g)		3,115,000		3,208,450
Fresenius Medical Care US Finance II, Inc., 5.875%, 01/31/22(a)(g)		3,115,000		3,200,663
HCA, Inc., 5.875%, 03/15/22		10,190,000		10,202,737
HCA, Inc., 6.500%, 02/15/20		2,500,000		2,625,000
HCA, Inc., 7.500%, 02/15/22		29,260,000		31,161,900
Kindred Healthcare, Inc., 8.250%, 06/01/19		4,275,000		3,724,594

	Shares or Principal Amount($)		Value($)
Healthcare—Services—continued
Tenet Healthcare Corp., 6.250%, 11/01/18(a)		6,920,000		7,144,900
Vanguard Health Holding Co. II LLC/Vanguard Holding Co. II, Inc., 7.750%, 02/01/19		6,135,000		6,104,325
				98,376,875
Holding Companies-Divers (0.3%)
MMI International Ltd., 8.000%, 03/01/17(a)(f)		6,045,000		6,256,575
Home Builders (0.4%)
KB Home, 9.100%, 09/15/17		3,180,000		3,323,100
Standard Pacific Corp., 8.375%, 05/15/18		5,300,000		5,637,875
				8,960,975
Household Products/Wares (1.3%)
ACCO Brands Corp., 10.625%, 03/15/15		1,555,000		1,696,909
Jarden Corp., 7.500%, 01/15/20		4,450,000		4,828,250
Reynolds Group Holdings, 6.875%, 02/15/21(a)		1,825,000		1,888,875
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Luxembourg I SA, 7.875%, 08/15/19(a)		17,845,000		19,183,375
				27,597,409
Insurance (3.7%)
American General Institutional Capital, Series B, 8.125%, 03/15/46(a)		2,750,000		2,791,250
American International Group, Inc., 8.175%, 05/15/68(d)		22,475,000		23,789,787
Assured Guaranty Municipal Holdings, Inc., 6.400%, 12/15/66(a)(d)		4,100,000		2,952,000
Assured Guaranty US Holdings, Inc., Series A, 6.400%, 12/15/66(d)		767,000		579,085
Fairfax Financial Holdings Ltd., 7.375%, 04/15/18		274,000		301,208

See Notes to Financial Statements.

98

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RIDGEWORTH FUNDS    March 31, 2012

Seix High Yield Fund — continued

	Shares or Principal Amount($)		Value($)
Insurance—continued
Genworth Financial, Inc., 6.150%, 11/15/66(d)		13,990,000		9,443,250
Genworth Financial, Inc., 7.625%, 09/24/21		745,000		770,681
Hartford Financial Services Group, Inc., 8.125%, 06/15/68(d)(f)		5,177,000		5,526,448
ILFC E-Capital Trust I, 5.030%, 12/21/65(a)(d)		12,420,000		8,261,287
Liberty Mutual Group, Inc., 7.000%, 03/07/37(a)(d)		2,730,000		2,457,000
Liberty Mutual Group, Inc., 7.800%, 03/07/37(a)		2,900,000		2,827,500
Liberty Mutual Group, Inc., 10.750%, 06/15/58(a)(d)		2,740,000		3,664,750
MBIA, Inc., 5.700%, 12/01/34(g)		17,040,000		10,564,800
White Mountains Re Group Ltd., 7.506%, 06/30/17(a)(d)(h)		5,270,000		5,061,835
				78,990,881
Internet (0.4%)
Equinix, Inc., 7.000%, 07/15/21		3,130,000		3,435,175
Zayo Group LLC, 10.250%, 03/15/17		3,995,000		4,464,413
				7,899,588
Investment Companies (0.6%)
Offshore Group Investments Ltd., 11.500%, 08/01/15		12,375,000		13,612,500
Iron/Steel (0.9%)
AK Steel Corp., 8.375%, 04/01/22		6,200,000		6,014,000
APERAM, 7.375%, 04/01/16(a)		2,700,000		2,639,250
APERAM, 7.750%, 04/01/18(a)		2,550,000		2,460,750
JMC Steel Group, 8.250%, 03/15/18(a)		7,815,000		8,127,600
				19,241,600
Leisure Time (0.3%)
ClubCorp Club Operations, Inc., 10.000%, 12/01/18		7,085,000		7,403,825

	Shares or Principal Amount($)		Value($)
Lodging (2.5%)
Caesars Operating Escrow LLC/Caesars Escrow Corp., 8.500%, 02/15/20(a)		9,945,000		10,119,038
Chester Downs & Marina LLC, 9.250%, 02/01/20(a)		2,195,000		2,318,469
Downstream Development Authority of the Quapaw Tribe of Oklahoma, 10.500%, 07/01/19(a)		12,790,000		13,189,687
Harrahs Operating, Inc., 11.250%, 06/01/17		12,320,000		13,428,800
Marina District Finance Co., Inc., 9.875%, 08/15/18(f)		2,440,000		2,189,900
MGM Resorts International, 5.875%, 02/27/14		905,000		932,150
MGM Resorts International, 6.625%, 07/15/15(f)		2,220,000		2,281,050
MGM Resorts International, 7.625%, 01/15/17		7,280,000		7,516,600
Wynn Las Vegas LLC, 7.750%, 08/15/20		1,130,000		1,243,000
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 7.875%, 11/01/17		1,385,000		1,509,650
				54,728,344
Machinery-Construction & Mining (0.2%)
Terex Corp., 8.000%, 11/15/17(f)		220,000		227,700
Terex Corp., 10.875%, 06/01/16		4,364,000		4,964,050
				5,191,750
Machinery-Diversified (0.2%)
Manitowoc Co., Inc. (The), 8.500%, 11/01/20(f)		4,805,000		5,285,500
Media (5.6%)
Block Communications, Inc., 7.250%, 02/01/20(a)		3,260,000		3,321,125
Cablevision Systems Corp., 7.750%, 04/15/18		1,180,000		1,233,100

See Notes to Financial Statements.

99

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RIDGEWORTH FUNDS    March 31, 2012

Seix High Yield Fund — continued

	Shares or Principal Amount($)		Value($)
Media—continued
Cablevision Systems Corp., 8.000%, 04/15/20(f)		4,490,000		4,748,175
CCO Holdings LLC, 7.250%, 10/30/17		5,000,000		5,362,500
CCO Holdings LLC/Cap Corp., 6.500%, 04/30/21		14,940,000		15,462,900
CCO Holdings LLC/Cap Corp., 7.375%, 06/01/20		5,465,000		5,929,525
CCO Holdings LLC/Cap Corp., 7.875%, 04/30/18		2,690,000		2,905,200
CCO Holdings LLC/Cap Corp., 8.125%, 04/30/20		2,190,000		2,430,900
CCO Holdings LLC/CCO Holdings Capital Corp., 7.000%, 01/15/19		4,985,000		5,284,100
Cequel Communications Holdings I LLC, 8.625%, 11/15/17(a)		6,440,000		6,914,950
Clear Channel Worldwide Holdings, Inc., 7.625%, 03/15/20(a)		1,395,000		1,346,175
Clear Channel Worldwide Holdings, Inc., 7.625%, 03/15/20(a)		19,630,000		19,237,400
Clear Channel Worldwide Holdings, Inc., Series B, 9.250%, 12/15/17		395,000		433,019
Clear Channel Worldwide Holdings, Inc., Series REGS, 9.250%, 12/15/17		5,700,000		6,220,125
Echostar DBS Corp., 7.125%, 02/01/16		3,800,000		4,203,750
Echostar DBS Corp., 7.750%, 05/31/15		3,430,000		3,897,337
Entravision Communications Corp., 8.750%, 08/01/17		5,860,000		6,204,275
Insight Communications, Inc., 9.375%, 07/15/18(a)		2,503,000		2,859,678
Mediacom LLC/Capital Corp., 9.125%, 08/15/19		1,145,000		1,243,756

	Shares or Principal Amount($)		Value($)
Media—continued
Nexstar Broadcasting, Inc./Mission Broadcasting, Inc., 8.875%, 04/15/17		1,975,000		2,118,188
Quebecor Media, Inc., 7.750%, 03/15/16		705,000		723,506
Sinclair Television Group, Inc., 9.250%, 11/01/17(a)		2,690,000		2,992,625
Sirius XM Radio, Inc., 7.625%, 11/01/18(a)		2,910,000		3,142,800
Sirius XM Radio, Inc., 9.750%, 09/01/15(a)		3,130,000		3,380,400
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH, 8.125%, 12/01/17(a)		1,900,000		2,052,000
Univision Communications, Inc., 7.875%, 11/01/20(a)		1,650,000		1,732,500
Videotron LTee, 5.000%, 07/15/22(a)		5,815,000		5,756,850
				121,136,859
Mining (0.9%)
Consolidated Minerals Ltd., 8.875%, 05/01/16(a)(f)		2,825,000		2,394,188
FMG Resources August 2006 Pty Ltd., 8.250%, 11/01/19(a)		8,870,000		9,313,500
Novelis, Inc., 8.375%, 12/15/17		785,000		851,725
Novelis, Inc., 8.750%, 12/15/20		2,900,000		3,175,500
Teck Cominco Ltd., 6.125%, 10/01/35		920,000		983,555
Vulcan Materials Co., 7.500%, 06/15/21		3,345,000		3,704,587
				20,423,055
Miscellaneous Manufacturer (0.6%)
Amsted Industries, Inc., 8.125%, 03/15/18(a)		3,935,000		4,210,450
Bombardier, Inc., 5.750%, 03/15/22(a)		2,145,000		2,086,013
Bombardier, Inc., 7.750%, 03/15/20(a)		1,180,000		1,315,700
Polymer Group, Inc., 7.750%, 02/01/19		5,260,000		5,536,150
				13,148,313

See Notes to Financial Statements.

100

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RIDGEWORTH FUNDS    March 31, 2012

Seix High Yield Fund — continued

	Shares or Principal Amount($)		Value($)
Oil & Gas (5.8%)
Chesapeake Energy Corp., 6.125%, 02/15/21		2,385,000		2,361,150
Chesapeake Energy Corp., 6.500%, 08/15/17(f)		1,295,000		1,379,175
Chesapeake Energy Corp., 6.625%, 08/15/20		9,995,000		10,169,912
Chesapeake Energy Corp., 6.875%, 11/15/20(f)		1,530,000		1,579,725
Chesapeake Energy Corp., 7.250%, 12/15/18(f)		3,105,000		3,314,588
CITGO Petroleum Corp., 11.500%, 07/01/17(a)		2,910,000		3,259,200
Coffeyville Resources LLC, 10.875%, 04/01/17(a)		3,015,000		3,391,875
Comstock Resources, Inc., 7.750%, 04/01/19		4,780,000		4,445,400
Connacher Oil and Gas Ltd., 8.500%, 08/01/19(a)		5,420,000		5,420,000
Continental Resources, Inc., 5.000%, 09/15/22(a)		7,600,000		7,638,000
Hercules Offshore, Inc., 7.125%, 04/01/17(a)(b)		5,075,000		5,081,344
Linn Energy LLC/Finance Corp., 6.500%, 05/15/19(a)		4,450,000		4,361,000
Linn Energy LLC/Finance Corp., 8.625%, 04/15/20		4,865,000		5,242,037
Northern Tier Energy LLC /Northern Tier Finance Corp., 10.500%, 12/01/17(a)		3,165,000		3,449,850
Penn Virginia Corp., 10.375%, 06/15/16(f)		1,795,000		1,759,100
Plains Exploration & Production Co., 7.625%, 06/01/18		2,510,000		2,666,875
Plains Exploration & Production Co., 8.625%, 10/15/19		2,095,000		2,351,638
Range Resources Corp., 5.000%, 08/15/22		7,830,000		7,732,125

	Shares or Principal Amount($)		Value($)
Oil & Gas—continued
Range Resources Corp., 7.250%, 05/01/18		2,130,000		2,247,150
RDS Ultra-Deepwater Ltd., 11.875%, 03/15/17(a)		3,895,000		4,303,975
SandRidge Energy, Inc., 7.500%, 03/15/21		11,420,000		11,248,700
SandRidge Energy, Inc., 8.000%, 06/01/18(a)		3,685,000		3,758,700
SandRidge Energy, Inc., 8.750%, 01/15/20		6,825,000		7,063,875
United Refining Co., 10.500%, 02/28/18		8,670,000		8,951,775
Western Refining, Inc., 11.250%, 06/15/17(a)		3,795,000		4,326,300
WPX Energy, Inc., 6.000%, 01/15/22(a)		7,735,000		7,735,000
				125,238,469
Oil & Gas Services (1.5%)
American Petroleum Tankers LLC, 10.250%, 05/01/15		3,571,000		3,736,159
Cie Generale de Geophysique—Veritas, 6.500%, 06/01/21		8,000,000		8,160,000
Geokinetics Holdings, Inc., 9.750%, 12/15/14(e)		6,145,000		4,624,112
Hornbeck Offshore Services, Inc., 5.875%, 04/01/20(a)		3,830,000		3,839,575
Oil States International, Inc., 6.500%, 06/01/19		11,185,000		11,744,250
				32,104,096
Packaging & Containers (0.9%)
Ball Corp., 5.000%, 03/15/22		4,240,000		4,250,600
Graphic Packaging International, Inc., 9.500%, 06/15/17		2,175,000		2,414,250
Plastipak Holdings, Inc., 10.625%, 08/15/19(a)		2,010,000		2,291,400
Sealed Air Corp., 8.125%, 09/15/19(a)		5,095,000		5,623,606
Sealed Air Corp., 8.375%, 09/15/21(a)		5,060,000		5,686,175
				20,266,031

See Notes to Financial Statements.

101

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Seix High Yield Fund — continued

	Shares or Principal Amount($)		Value($)
Pharmaceuticals (1.3%)
ConvaTec Healthcare, 10.500%, 12/15/18(a)		7,950,000		8,168,625
Endo Pharmaceuticals Holdings, Inc., 7.000%, 07/15/19		3,195,000		3,410,662
Endo Pharmaceuticals Holdings, Inc., 7.000%, 12/15/20		2,610,000		2,792,700
Endo Pharmaceuticals Holdings, Inc., 7.250%, 01/15/22		4,460,000		4,772,200
Valeant Pharmaceuticals International, 6.500%, 07/15/16(a)		4,000,000		4,070,000
Valeant Pharmaceuticals International, 7.000%, 10/01/20(a)		3,900,000		3,880,500
				27,094,687
Pipelines (1.3%)
Atlas Pipeline Partners LP, 8.750%, 06/15/18		3,335,000		3,551,775
El Paso Corp., 6.500%, 09/15/20		6,885,000		7,580,295
El Paso Corp., 7.000%, 06/15/17		1,540,000		1,714,858
El Paso Corp., Series G,, 8.050%, 10/15/30, MTN		1,320,000		1,523,976
MarkWest Energy Partners LP, 6.750%, 11/01/20		7,600,000		8,208,000
Targa Resources Partners LP, 8.250%, 07/01/16		4,790,000		5,041,475
				27,620,379
Real Estate (0.3%)
Toys “R” Us Property Co. LLC, 10.750%, 07/15/17		5,415,000		5,929,425
Real Estate Investment Trusts (1.7%)
Host Hotels & Resorts LP, 6.000%, 11/01/20		1,745,000		1,849,700
Host Hotels & Resorts LP, 9.000%, 05/15/17(f)		1,115,000		1,233,469
MPT Operating Partnership LP/MPT Finance Corp., 6.375%, 02/15/22		8,110,000		8,231,650
MPT Operating Partnership LP/MPT Finance Corp., 6.875%, 05/01/21		10,830,000		11,317,350

	Shares or Principal Amount($)		Value($)
Real Estate Investment Trusts—continued
Reckson Operating Partnership LP, 7.750%, 03/15/20		6,005,000		6,841,124
Rouse Co. LP (The), 6.750%, 11/09/15		7,120,000		7,484,900
				36,958,193
Retail (4.1%)
AmeriGas Finance LLC/AmeriGas Finance Corp., 6.750%, 05/20/20		3,910,000		3,968,650
AmeriGas Finance LLC/AmeriGas Finance Corp., 7.000%, 05/20/22		7,170,000		7,313,400
AutoNation, Inc., 5.500%, 02/01/20		4,636,000		4,705,540
Ferrellgas LP/Ferrellgas Finance Corp., 6.500%, 05/01/21		2,775,000		2,504,438
Ferrellgas Partners LP, 9.125%, 10/01/17		2,095,000		2,189,275
JC Penney Corp., Inc., 6.375%, 10/15/36		4,135,000		3,633,631
Limited Brands, Inc., 5.625%, 02/15/22		7,220,000		7,283,175
Limited Brands, Inc., 6.625%, 04/01/21		2,900,000		3,142,875
Limited Brands, Inc., 7.000%, 05/01/20		2,520,000		2,809,800
Office Depot, Inc., 9.750%, 03/15/19(a)		5,410,000		5,579,062
Phillips-Van Heusen Corp., 7.375%, 05/15/20		2,005,000		2,210,513
QVC, Inc., 7.500%, 10/01/19(a)		1,600,000		1,756,000
Rite Aid Corp., 7.500%, 03/01/17		10,075,000		10,276,500
Sally Holdings LLC/Sally Capital, Inc., 6.875%, 11/15/19(a)(f)		5,925,000		6,310,125
Sears Holdings Corp., 6.625%, 10/15/18(f)		29,075,000		25,840,406
				89,523,390
Semiconductors (0.6%)
Advanced Micro Devices, Inc., 7.750%, 08/01/20		4,115,000		4,526,500

See Notes to Financial Statements.

102

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Seix High Yield Fund — continued

	Shares or Principal Amount($)		Value($)
Semiconductors—continued
Freescale Semiconductor, Inc., 9.250%, 04/15/18(a)		5,035,000		5,513,325
MEMC Electronic Materials, Inc., 7.750%, 04/01/19		3,025,000		2,404,875
				12,444,700
Shipbuilding (0.9%)
Huntington Ingalls Industries, Inc., 6.875%, 03/15/18		9,505,000		10,075,300
Huntington Ingalls Industries, Inc., 7.125%, 03/15/21		9,255,000		9,914,419
				19,989,719
Software (0.8%)
Fidelity National Information Services, Inc., 5.000%, 03/15/22(a)		18,605,000		18,325,925
Storage/Warehousing (0.2%)
Niska Gas Storage US LLC/Niska Gas Storage Canada ULC, 8.875%, 03/15/18		3,919,000		3,683,860
Telecommunication Services (12.6%)
Avaya, Inc., 7.000%, 04/01/19(a)		6,395,000		6,410,987
CenturyLink, Inc., Series G, 6.875%, 01/15/28		673,000		628,888
Cricket Communications, Inc., 7.750%, 05/15/16		1,535,000		1,619,425
GeoEye, Inc., 8.625%, 10/01/16(f)		2,055,000		2,137,200
Hughes Satellite Systems Corp., 6.500%, 06/15/19		3,735,000		3,903,075
Hughes Satellite Systems Corp., 7.625%, 06/15/21		1,270,000		1,362,075
Inmarsat Finance PLC, 7.375%, 12/01/17(a)(f)		5,890,000		6,287,575
Integra Telecom, Inc., 10.750%, 04/15/16(a)		6,900,000		6,348,000
Intelsat Jackson Holdings SA, 7.250%, 04/01/19		4,000,000		4,205,000
Intelsat Jackson Holdings SA, 7.250%, 10/15/20		5,000,000		5,256,250

	Shares or Principal Amount($)		Value($)
Telecommunication Services—continued
Intelsat Jackson Holdings SA, 7.500%, 04/01/21		14,340,000		15,074,925
Intelsat Jackson Holdings SA, 8.500%, 11/01/19		850,000		932,875
Intelsat Jackson Holdings SA, 9.500%, 06/15/16		2,805,000		2,931,225
Level 3 Financing, Inc., 8.125%, 07/01/19(a)		6,010,000		6,205,325
Level 3 Financing, Inc., 8.625%, 07/15/20(a)		4,065,000		4,268,250
Level 3 Financing, Inc., 8.750%, 02/15/17		2,900,000		3,030,500
Level 3 Financing, Inc., 9.375%, 04/01/19		9,305,000		10,165,712
Level 3 Financing, Inc., 10.000%, 02/01/18(g)		9,210,000		10,084,950
Nextel Communications, Inc., Series D, 7.375%, 08/01/15		3,405,000		3,285,825
Nextel Communications, Inc., Series E, 6.875%, 10/31/13		6,855,000		6,855,000
NII Capital Corp., 7.625%, 04/01/21(g)		12,688,000		12,402,520
NII Capital Corp., 8.875%, 12/15/19		3,825,000		4,006,688
PAETEC Holding Corp., 8.875%, 06/30/17		7,510,000		8,148,350
Qwest Capital Funding, Inc., 7.750%, 02/15/31		5,220,000		5,063,776
Sable International Finance Ltd., 8.750%, 02/01/20(a)(f)		3,515,000		3,725,900
Satmex Escrow, 9.500%, 05/15/17(a)(b)(d)		1,465,000		1,494,300
Satmex Escrow SA de CV, 9.500%, 05/15/17		10,660,000		10,979,800
Sprint Capital Corp., 6.875%, 11/15/28		11,095,000		8,487,675
Sprint Capital Corp., 6.900%, 05/01/19		358,000		309,670
Sprint Capital Corp., 8.750%, 03/15/32		10,005,000		8,579,287
Sprint Nextel Corp., 6.000%, 12/01/16		11,430,000		10,201,275
Sprint Nextel Corp., 7.000%, 03/01/20(a)		4,480,000		4,547,200
Sprint Nextel Corp., 8.375%, 08/15/17		6,500,000		6,272,500

See Notes to Financial Statements.

103

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Seix High Yield Fund — continued

	Shares or Principal Amount($)		Value($)
Telecommunication Services—continued
Sprint Nextel Corp., 11.500%, 11/15/21(a)		145,000		155,875
UPC Holding BV, 9.875%, 04/15/18(a)		3,600,000		3,978,000
UPCB Finance V Ltd., 7.250%, 11/15/21(a)		2,100,000		2,220,750
US West Capital Funding, Inc., 6.875%, 07/15/28		5,940,000		5,677,535
US West Communications, 7.250%, 10/15/35		5,485,000		5,594,700
ViaSat, Inc., 6.875%, 06/15/20(a)		5,130,000		5,258,250
ViaSat, Inc., 8.875%, 09/15/16		4,985,000		5,408,725
West Corp., 7.875%, 01/15/19		395,000		420,675
West Corp., 8.625%, 10/01/18		2,690,000		2,952,275
Wind Acquisition Finance Holdings, PIK, 12.250%, 07/15/17(a)(f)		12,622,454		10,828,278
Wind Acquisition Finance SA, 7.250%, 02/15/18(a)		27,230,000		25,664,275
Windstream Corp., 7.500%, 06/01/22(b)(d)		4,400,000		4,400,000
Windstream Corp., 7.500%, 04/01/23		10,090,000		10,392,700
Windstream Corp., 7.750%, 10/15/20		3,995,000		4,274,650
				272,438,691
Textiles (0.2%)
Mohawk Industries, Inc., 6.375%, 01/15/16		3,605,000		3,983,525
Transportation (1.1%)
CHC Helicopter SA, 9.250%, 10/15/20(a)(g)		19,125,000		18,981,562
Martin Midstream Partners LP, 8.875%, 04/01/18		2,260,000		2,327,800
RailAmerica, Inc., 9.250%, 07/01/17		301,000		317,179
United Maritime Group LLC/Finance Corp., 11.750%, 06/15/15		1,445,000		1,500,994
				23,127,535
Total Corporate Bonds (Cost $1,915,907,748)				1,970,824,550

	Shares or Principal Amount($)		Value($)
Preferred Stock (0.1%)
Diversified Financial Services (0.1%)
Citigroup Capital XII, 8.500%, 03/30/40		56,130		1,436,928
Total Preferred Stock (Cost $1,403,250)				1,436,928
Convertible Preferred Stock (0.5%)
Auto Manufacturers (0.5%)
General Motors Co., Series B, 4.750%, 12/01/13(f)		258,460		10,816,551
Total Convertible Preferred Stock (Cost $10,997,347)				10,816,551
Short-Term Investment (8.0%)
RidgeWorth Funds Securities Lending Joint Account(i)		172,937,187		172,937,187
Total Short-Term Investment (Cost $172,937,187)				172,937,187
Money Market Fund (7.2%)
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(j)		155,093,147		155,093,147
Total Money Market Fund (Cost $155,093,147)				155,093,147
Total Investments (Cost $2,277,070,299) — 107.8%				2,331,917,446
Liabilities in excess of other assets — (7.8)%				(167,849,145	)
Net Assets — 100.0%			$	2,164,068,301

(a) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 35.3% of net assets as of March 31, 2012.

(b) All or a portion of this security has been purchased on a when-issued or delayed-delivery basis.

(c) The security does not have a stated settlement date and will receive a rate upon settling with the custodian.

(d) Variable or floating rate security. Rate disclosed is as of March 31, 2012.

See Notes to Financial Statements.

104

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Seix High Yield Fund — concluded

(e) The Fund’s adviser/subadviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees.

(f) The security or a partial position of the security was on loan as of March 31, 2012. The total value of securities on loan as of March 31, 2012 was $169,160,613.

(g) All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments.

(h) Perpetual maturity.

(i) Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before March 31, 2012 (See Note 2).

(j) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

Investment Abbreviations

MTN	—	Medium Term Note
PIK	—	Payment in-kind

See Notes to Financial Statements.

105

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Short-Term Bond Fund

	Shares or Principal Amount($)		Value($)
Asset-Backed Securities (9.8%)
Automobiles (4.5%)
Ford Credit Auto Owner Trust, Series 2009-D, Cl A3, 2.170%, 10/15/13		325,125		326,362
Ford Credit Auto Owner Trust, Series 2012-A, Cl A3, 0.840%, 08/15/16		1,500,000		1,503,293
Harley-Davidson Motorcycle Trust, Series 2011-2, Cl A3, 1.110%, 09/15/16		2,855,000		2,856,442
Honda Auto Receivables Owner Trust, Series 2009-3, Cl A3, 2.310%, 05/15/13		435,955		437,037
Honda Auto Receivables Owner Trust, Series 2010-2, Cl A3, 1.340%, 03/18/14		1,278,030		1,283,509
Hyundai Auto Receivables Trust, Series 2011-B, Cl A3, 1.040%, 09/15/15		1,300,000		1,307,381
Hyundai Auto Receivables Trust, Series 2011-B, Cl A4, 1.650%, 02/15/17		1,140,000		1,160,043
Mercedes-Benz Auto Lease Trust, Series 2011-B, Cl A3, 1.070%, 08/15/14(a)		1,985,000		1,997,362
Volkswagen Auto Loan Enhanced Trust, Series 2012-1, Cl A3, 0.850%, 08/22/16		1,295,000		1,297,329
World Omni Auto Receivables Trust, Series 2011-A, Cl A3, 1.110%, 05/15/15		1,875,000		1,883,657
				14,052,415
Credit Card (4.4%)
American Express Credit Account Master Trust, Series 2007-7, Cl A, 0.282%, 02/17/15		3,560,000		3,560,214
Chase Issuance Trust, Series 2005-A2, Cl A2, 0.312%, 12/15/14(b)		5,825,000		5,825,194
Discover Card Master Trust, Series 2008-A4, Cl A4, 5.650%, 12/15/15		4,340,000		4,609,112
				13,994,520

	Shares or Principal Amount($)		Value($)
Other (0.9%)
GE Equipment Transportation LLC, Series 2011-1, Cl A3, 1.000%, 10/20/14		1,385,000		1,387,718
John Deere Owner Trust, Series 2011-A, Cl A3, 1.290%, 01/15/16		1,555,000		1,567,155
				2,954,873
Total Asset-Backed Securities (Cost $30,886,405)				31,001,808
Collateralized Mortgage Obligations (18.2%)
Agency Collateralized Mortgage Obligations (2.6%)
Federal National Mortgage Association, Series 2009-37, Cl HA, 4.000%, 04/25/19		1,903,434		2,012,001
Federal National Mortgage Association, Series 2011-38, Cl AH, 2.750%, 05/25/20		4,929,421		5,120,969
NCUA Guaranteed Notes, Series 2010-C1, Cl A1, 1.600%, 10/29/20		1,151,405		1,163,858
				8,296,828
Commercial Mortgage Backed Securities (12.7%)
Banc of America Commercial Mortgage, Inc., Series 2004-1, Cl A4, 4.760%, 11/10/39		1,495,000		1,571,444
Banc of America Commercial Mortgage, Inc., Series 2004-3, Cl A5, 5.736%, 06/10/39(b)		3,942,829		4,238,608
Banc of America Commercial Mortgage, Inc., Series 2005-2, Cl AM, 4.913%, 07/10/43(b)		2,105,000		2,261,275
Citigroup Commercial Mortgage Trust, Series 2004-C1, Cl A3, 5.251%, 04/15/40(b)		2,241,292		2,296,067
Commercial Mortgage Asset Trust, Series 1999-C1, Cl A4, 6.975%, 01/17/32(b)		4,325,241		4,488,160
Commercial Mortgage Pass-Through Certificates, Series 2001-J2A, Cl A2, 6.096%, 07/16/34(a)		44,474		44,595

See Notes to Financial Statements.

106

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Short-Term Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Commercial Mortgage Backed Securities—continued
CS First Boston Mortgage Securities Corp., Series 2004-C5, Cl A3, 4.499%, 11/15/37		2,344,139		2,343,340
CS First Boston Mortgage Securities Corp., Series 2005-C5, Cl AM, 5.100%, 08/15/38(b)		2,095,000		2,244,340
GE Capital Commercial Mortgage Corp., Series 2004-C2, Cl A3, 4.641%, 03/10/40		816,565		835,471
GMAC Commercial Mortgage Securities, Inc., Series 2003-C2, Cl A2, 5.454%, 05/10/40(b)		5,555,000		5,844,549
Greenwich Capital Commercial Funding Corp., Series 2005-GG3, Cl A2, 4.305%, 08/10/42		795,185		794,928
JPMorgan Chase Commercial Mortgage Securities, Series 2005-LDP1, Cl A2, 4.625%, 03/15/46		1,218,626		1,234,152
LB-UBS Commercial Mortgage Trust, Series 2004-C4, Cl A4, 5.281%, 06/15/29(b)		4,575,000		4,931,045
Merrill Lynch Mortgage Trust, Series 2004-BPC1, Cl A3, 4.467%, 10/12/41(b)		227,657		229,351
Merrill Lynch Mortgage Trust, Series 2005-CIP1, Cl AM, 5.107%, 07/12/38(b)		1,585,000		1,676,695
Wachovia Bank Commercial Mortgage Trust, Series 2005-C16, Cl A2, 4.380%, 10/15/41		810,782		810,458
Wachovia Bank Commercial Mortgage Trust, Series 2005-C22, Cl A4, 5.271%, 12/15/44(b)		3,800,000		4,235,263
				40,079,741
Whole Loan Collateral Mortgage Obligations (2.9%)
CS First Boston Mortgage Securities Corp., Series 2004-1, Cl 4A1, 5.000%, 02/25/19		1,924,331		1,961,365

	Shares or Principal Amount($)		Value($)
Whole Loan Collateral Mortgage Obligations—continued
FDIC Structured Sale Guaranteed Notes, Series 2010-L2A, Cl A, 3.000%, 09/30/19(a)		1,828,093		1,838,998
First Horizon Mortgage Pass-Through Trust, Series 2004-AR4, Cl 2A1, 2.723%, 08/25/34(b)		1,203,401		1,129,043
MASTR Alternative Loans Trust, Series 2004-5, Cl 4A1, 5.500%, 07/25/19		1,939,641		2,058,656
Provident Funding Mortgage Loan Trust, Series 2004-1, Cl 1A1, 2.628%, 04/25/34(b)		733,369		714,316
Residential Funding Mortgage Securities I, Series 2004-S3, Cl A1, 4.750%, 03/25/19		867,837		889,492
Washington Mutual Mortgage Pass-Through Certificates, Series 2003-S12, Cl 2A, 4.750%, 11/25/18		553,590		572,146
				9,164,016
Total Collateralized Mortgage Obligations (Cost $56,332,121)				57,540,585
Corporate Bonds (40.6%)
Auto Manufacturers (1.5%)
Daimler Finance North America LLC, 1.950%, 03/28/14(a)		1,810,000		1,831,964
Kia Motors Corp., 3.625%, 06/14/16(a)		500,000		509,800
Volkswagen International Finance, 1.227%, 03/21/14(a)(b)		1,200,000		1,199,550
Volkswagen International Finance, 2.375%, 03/22/17(a)		1,090,000		1,093,709
				4,635,023
Banks (12.2%)
Bank of Montreal, 1.750%, 04/29/14		1,680,000		1,709,627
Bank of Nova Scotia, 1.000%, 02/10/14		1,705,000		1,705,087
Bank of Nova Scotia, 1.850%, 01/12/15		1,875,000		1,916,591

See Notes to Financial Statements.

107

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Short-Term Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Banks—continued
BB&T Corp., 5.700%, 04/30/14		2,365,000		2,590,436
Branch Banking & Trust Co., 0.794%, 09/13/16(b)		1,630,000		1,534,498
Capital One Financial Corp., 7.375%, 05/23/14		1,500,000		1,660,458
Commonwealth Bank of Australia, 1.950%, 03/16/15		2,950,000		2,969,762
Commonwealth Bank of Australia, 3.500%, 03/19/15(a)		1,035,000		1,077,673
JPMorgan Chase & Co., 3.150%, 07/05/16		1,875,000		1,932,870
JPMorgan Chase & Co., 5.750%, 01/02/13		3,145,000		3,257,610
PNC Funding Corp., 5.400%, 06/10/14		990,000		1,079,142
Royal Bank of Canada, MTN, 2.300%, 07/20/16		4,250,000		4,361,890
Toronto-Dominion Bank (The), 1.375%, 07/14/14		1,360,000		1,383,868
US Bancorp, 4.200%, 05/15/14		2,115,000		2,263,200
Wachovia Bank NA, 4.875%, 02/01/15		2,245,000		2,419,692
Westpac Banking Corp., 2.250%, 11/19/12		1,455,000		1,470,544
Westpac Banking Corp., 4.200%, 02/27/15		4,790,000		5,144,532
				38,477,480
Beverages (1.8%)
Anheuser-Busch InBev Worldwide, Inc., 3.625%, 04/15/15		1,870,000		2,007,105
Bottling Group LLC, 6.950%, 03/15/14		825,000		924,922
Dr. Pepper Snapple Group, Inc., 2.350%, 12/21/12		1,300,000		1,314,946
PepsiCo, Inc., 0.750%, 03/05/15		1,390,000		1,384,562
				5,631,535
Computers (0.7%)
IBM Corp., 2.000%, 01/05/16		2,150,000		2,207,164
Diversified Financial Services (9.0%)
American Express Credit Corp., Series C, 5.875%, 05/02/13		2,010,000		2,113,690
BlackRock, Inc., 0.792%, 05/24/13(b)		1,280,000		1,284,422

	Shares or Principal Amount($)		Value($)
Diversified Financial Services—continued
BlackRock, Inc., 2.250%, 12/10/12		2,685,000		2,716,049
Caterpillar Financial Services Corp., 4.625%, 06/01/15		2,390,000		2,642,446
Citigroup, Inc., 5.500%, 04/11/13		3,110,000		3,227,399
General Electric Capital Corp., 4.875%, 03/04/15		3,855,000		4,235,801
General Electric Capital Corp., Series A, 3.750%, 11/14/14		2,520,000		2,680,116
Goldman Sachs Group, Inc. (The), 3.700%, 08/01/15		1,735,000		1,765,614
Goldman Sachs Group, Inc. (The), 5.150%, 01/15/14		1,730,000		1,818,638
Merrill Lynch & Co., Inc., Series C,, 5.000%, 02/03/14		1,455,000		1,506,977
Morgan Stanley, 4.200%, 11/20/14		1,430,000		1,441,344
TD AMERITRADE Holding Corp., 4.150%, 12/01/14		995,000		1,062,963
Woodside Finance Ltd., 4.500%, 11/10/14(a)		1,800,000		1,910,695
				28,406,154
Electric (1.0%)
Dominion Resources, Inc., Series B, 6.250%, 06/30/12		1,385,000		1,403,560
Duke Energy Corp., 6.300%, 02/01/14		1,765,000		1,934,467
				3,338,027
Electronics (0.3%)
Thermo Fisher Scientific, Inc., 2.150%, 12/28/12		300,000		302,517
Thermo Fisher Scientific, Inc., 3.200%, 03/01/16		705,000		751,099
				1,053,616
Food (0.9%)
General Mills, Inc., 5.200%, 03/17/15		1,450,000		1,613,463
Kraft Foods, Inc., 1.457%, 07/10/13(b)		1,325,000		1,333,447
				2,946,910
Gas (0.4%)
Sempra Energy, 6.000%, 02/01/13		1,290,000		1,346,283

See Notes to Financial Statements.

108

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Short-Term Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Healthcare—Services (0.1%)
UnitedHealth Group, Inc., 1.875%, 11/15/16		340,000		343,201
Insurance (3.0%)
Berkshire Hathaway Finance Corp., 5.000%, 08/15/13		1,635,000		1,731,683
Metropolitan Life Global Funding I, 2.000%, 01/09/15(a)		2,710,000		2,738,726
New York Life Global Funding, 3.000%, 05/04/15(a)		1,530,000		1,610,443
Pricoa Global Funding I, 5.450%, 06/11/14(a)		3,040,000		3,281,634
				9,362,486
Media (1.7%)
Comcast Corp., 5.300%, 01/15/14		1,915,000		2,060,004
DIRECTV Holdings LLC, 7.625%, 05/15/16		1,405,000		1,471,737
Time Warner Cable, Inc., 5.400%, 07/02/12		1,870,000		1,891,354
				5,423,095
Mining (0.6%)
BHP Billiton Finance USA Ltd., 1.000%, 02/24/15		610,000		609,375
Rio Tinto Alcan, Inc., 4.875%, 09/15/12		1,230,000		1,253,983
				1,863,358
Miscellaneous Manufacturer (0.3%)
Ingersoll-Rand Global Holding Co. Ltd., 6.000%, 08/15/13		985,000		1,051,842
Oil & Gas (0.4%)
Petrohawk Energy Corp., 7.250%, 08/15/18		1,195,000		1,366,781
Pharmaceuticals (0.6%)
McKesson Corp., 5.250%, 03/01/13		850,000		885,656
McKesson Corp., 6.500%, 02/15/14		850,000		934,803
				1,820,459
Pipelines (2.3%)
Enterprise Products Operating LLC, Series G, 5.600%, 10/15/14		710,000		784,107

	Shares or Principal Amount($)		Value($)
Pipelines—continued
Enterprise Products Operating LLC, Series M, 5.650%, 04/01/13		1,250,000		1,305,479
Gulf South Pipeline Co. LP, 5.750%, 08/15/12(a)		1,300,000		1,317,758
Kinder Morgan Energy Partners LP, 5.850%, 09/15/12		1,490,000		1,520,825
Plains All American Pipeline LP, 4.250%, 09/01/12		1,945,000		1,968,616
Williams Partners LP, 3.800%, 02/15/15		260,000		276,277
				7,173,062
Retail (0.7%)
Nordstrom, Inc., 6.750%, 06/01/14		490,000		551,939
Wal-Mart Stores, Inc., 1.500%, 10/25/15		1,690,000		1,724,473
				2,276,412
Semiconductors (0.4%)
Texas Instruments, Inc., 1.375%, 05/15/14		1,170,000		1,188,322
Telecommunication Services (2.1%)
AT&T, Inc., 2.500%, 08/15/15		2,895,000		3,013,238
Verizon Communications, Inc., 1.083%, 03/28/14(b)		3,005,000		3,029,923
Verizon Communications, Inc., 2.000%, 11/01/16		670,000		680,526
				6,723,687
Toys/Games/Hobbies (0.6%)
Mattel, Inc., 5.625%, 03/15/13		1,765,000		1,846,109
Total Corporate Bonds (Cost $126,387,303)				128,481,006
Municipal Bond (1.6%)
New Jersey (1.6%)
New Jersey Economic Development Authority, RB, BAB, 1.474%, 06/15/13(b)		4,930,000		4,949,178
Total Municipal Bond (Cost $4,930,000)				4,949,178
U.S. Government Agencies (14.1%)
Federal Agricultural Mortgage Corp. (1.4%)
2.000%, 07/27/16		4,305,000		4,498,114

See Notes to Financial Statements.

109

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RIDGEWORTH FUNDS    March 31, 2012

Short-Term Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Federal Farm Credit Bank (0.1%)
0.470%, 12/19/13		175,000		174,628
Federal Home Loan Bank (0.1%)
0.250%, 01/03/13		225,000		225,001
Federal Home Loan Mortgage Corp. (11.5%)
0.700%, 11/04/13		2,940,000		2,940,835
0.375%, 11/27/13		21,925,000		21,929,451
0.400%, 02/27/14		4,215,000		4,214,696
0.750%, 11/25/14		70,000		70,360
0.850%, 02/24/16		7,340,000		7,324,799
2.000%, 08/25/16		80,000		83,167
				36,563,308
Federal National Mortgage Association (1.0%)
2.750%, 03/13/14		70,000		73,338
0.650%, 08/28/14		2,810,000		2,811,470
0.625%, 10/30/14		70,000		70,280
1.050%, 09/14/15		250,000		250,488
				3,205,576
Total U.S. Government Agencies (Cost $44,455,843)				44,666,627
U.S. Government Agency Mortgages (13.5%)
Federal Home Loan Mortgage Corporation (1.4%)
Pool #847276, 2.531%, 04/01/34(b)		536,233		568,487
Pool #1B7142, 2.599%, 09/01/36(b)		1,036,220		1,111,774
Pool #1G1676, 5.452%, 04/01/37(b)		2,558,414		2,760,173
				4,440,434
Federal National Mortgage Association (12.1%)
Pool #555162, 4.826%, 01/01/13		1,184,128		1,198,987
Pool #555290, 4.927%, 02/01/13		1,405,628		1,414,314
Pool #873294, 5.100%, 02/01/13		4,665,931		4,775,618
Pool #735065, 4.469%, 08/01/13		1,991,031		2,020,716
Pool #360500, 6.255%, 09/01/13		4,190,000		4,430,240
Pool #555910, 4.919%, 10/01/13		2,497,859		2,577,685
Pool #958368, 4.710%, 03/01/14		5,271,290		5,550,558
Pool #725877, 5.250%, 09/01/14		297,299		317,302
Pool #466534, 2.040%, 11/01/15		3,605,000		3,717,937

	Shares or Principal Amount($)		Value($)
Federal National Mortgage Association—continued
Pool #466598, 2.180%, 11/01/15		2,055,000		2,125,404
Pool #462085, 5.315%, 11/01/15		1,689,443		1,891,484
Pool #745889, 5.970%, 08/01/16		4,763,747		5,423,732
Pool #555844, 2.319%, 10/01/33(b)		336,548		355,320
Pool #822302, 2.784%, 05/01/35(b)		2,280,104		2,437,766
				38,237,063
Total U.S. Government Agency Mortgages (Cost $41,427,373)				42,677,497
U.S. Treasury Obligations (1.0%)
U.S. Treasury Notes (1.0%)
0.500%, 08/15/14		1,130,000		1,132,031
0.250%, 09/15/14		200,000		199,062
0.875%, 12/31/16		620,000		616,755
0.875%, 02/28/17		1,170,000		1,161,774
				3,109,622
Total U.S. Treasury Obligations (Cost $3,125,621)				3,109,622
Money Market Fund (0.3%)
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 0.00%(c)		1,011,892		1,011,892
Total Money Market Fund (Cost $1,011,892)				1,011,892
Total Investments (Cost $308,556,558) — 99.1%				313,438,215
Other assets in excess of liabilities — 0.9%				2,902,953
Net Assets — 100.0%			$	316,341,168

(a) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 6.5% of net assets as of March 31, 2012.

(b) Variable or floating rate security. Rate disclosed is as of March 31, 2012.

(c) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

See Notes to Financial Statements.

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RIDGEWORTH FUNDS    March 31, 2012

Short-Term Bond Fund — concluded

Investment Abbreviations

BAB	—	Build America Bonds
MTN	—	Medium Term Note
RB	—	Revenue Bond

Open Futures Contracts

At March 31, 2012 , the Fund’s open futures contracts were as follows:

Description	Position	Notional Amount			Expiration Date		Number of Contracts		Unrealized Appreciation
U.S. Treasury 5 Year Note	Short	$	(13,206,604	)		June 2012		107	$	94,925

See Notes to Financial Statements.

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Short-Term Municipal Bond Fund†

	Shares or Principal Amount($)		Value($)
Municipal Bonds (95.7%)
Maryland (95.7%)
Baltimore, GO, 5.000%, 10/15/19		545,000		664,808
Baltimore, GO, 5.000%, 10/15/29		500,000		565,960
Baltimore Sewer Improvement, Wastewater Projects, Series C, RB, 5.625%, 07/01/39		215,000		244,472
Charles County, GO, 4.000%, 04/01/17		500,000		570,915
Frederick County, GO, 5.000%, 12/01/15		500,000		580,375
Frederick County, GO, 5.000%, 12/01/18		500,000		612,475
Maryland State, GO, 5.000%, 08/01/17, Pre-refunded 08/01/2015 @ 100		3,000,000		3,440,370
Maryland State, GO, 5.250%, 03/01/17		590,000		710,201
Maryland State, Series C, GO, 5.000%, 03/01/21		500,000		600,480
Maryland State Transportation Authority, Transportation Facilities Project, RB, 5.000%, 07/01/23		500,000		574,510

	Shares or Principal Amount($)		Value($)
Maryland—continued
St. Mary’s County, Construction Public Improvement, GO, 4.000%, 07/15/18		375,000		434,351
Total Municipal Bonds (Cost $8,553,659)				8,998,917
Money Market Fund (7.8%)
Federated Tax-Free Obligations Fund, Institutional Shares, 0.04%(a)		734,657		734,657
Total Money Market Fund (Cost $734,657)				734,657
Total Investments (Cost $9,288,316) — 103.5%				9,733,574
Liabilities in excess of other assets — (3.5)%				(332,355	)
Net Assets — 100.0%			$	9,401,219

† Formerly Maryland Municipal Bond Fund.

(a) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

Investment Abbreviations

GO	—	General Obligation
RB	—	Revenue Bond

See Notes to Financial Statements.

112

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RIDGEWORTH FUNDS    March 31, 2012

Short-Term U.S. Treasury Securities Fund

	Shares or Principal Amount($)		Value($)
U.S. Treasury Obligations (94.6%)
U.S. Treasury Notes (94.6%)
1.750%, 08/15/12		1,410,000		1,418,372
4.125%, 08/31/12		1,440,000		1,463,456
1.375%, 01/15/13		2,480,000		2,502,670
3.125%, 04/30/13		1,580,000		1,629,005
1.125%, 06/15/13		3,525,000		3,561,491
2.000%, 11/30/13		1,745,000		1,793,464
0.375%, 11/15/14		1,000,000		997,500
2.375%, 02/28/15		720,000		758,250
2.500%, 04/30/15		2,680,000		2,838,286
1.750%, 07/31/15		1,795,000		1,861,331
Total U.S. Treasury Obligations (Cost $18,626,859)				18,823,825

	Shares or Principal Amount($)		Value($)
Money Market Fund (4.3%)
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(a)		854,392		854,392
Total Money Market Fund (Cost $854,392)				854,392
Total Investments (Cost $19,481,251) — 98.9%				19,678,217
Other assets in excess of liabilities — 1.1%				208,933
Net Assets — 100.0%			$	19,887,150

(a) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

See Notes to Financial Statements.

113

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Total Return Bond Fund

	Shares or Principal Amount($)		Value($)
Asset-Backed Securities (2.0%)
Credit Card (0.3%)
Cabela’s Master Credit Card Trust, Series 2012-1A, Cl A1, 1.630%, 02/18/20(a)		3,015,000		2,995,939
Home Equity (0.9%)
Ameriquest Mortgage Securities, Inc., Series 2005-R5, Cl M1, 0.672%, 07/25/35(b)		4,630,812		4,052,785
HSBC Home Equity Loan Trust, Series 2005-1, Cl M, 0.772%, 01/20/34(b)		1,976,152		1,782,260
HSBC Home Equity Loan Trust, Series 2006-2, Cl A1, 0.392%, 03/20/36(b)		3,706,789		3,425,221
				9,260,266
Manufactured Housing (0.4%)
Newcastle Investment Trust, Series 2010-MH1, Cl M1, 6.000%, 07/10/35(a)		4,160,000		4,293,928
Other (0.4%)
Dominos Pizza Master Issuer LLC, Series 2012-1A, Cl A2, 5.216%, 01/25/42(a)		4,714,000		4,827,857
Total Asset-Backed Securities (Cost $21,226,951)				21,377,990
Collateralized Mortgage Obligations (12.7%)
Agency Collateralized Mortgage Obligations (7.4%)
Federal Home Loan Mortgage Corporation, Series 3768, Cl CB, 3.500%, 12/15/25		2,022,874		2,118,123
Federal Home Loan Mortgage Corporation, Series 3774, Cl EW, 3.500%, 12/15/25		2,243,855		2,354,237
Federal Home Loan Mortgage Corporation, Series 3800, Cl BE, 3.500%, 02/15/26		2,699,707		2,829,505

	Shares or Principal Amount($)		Value($)
Agency Collateralized Mortgage Obligations—continued
Federal Home Loan Mortgage Corporation, Series 3800, Cl CB, 3.500%, 02/15/26		2,382,000		2,506,829
Federal Home Loan Mortgage Corporation, Series 3806, Cl L, 3.500%, 02/15/26		6,609,442		6,916,310
Federal Home Loan Mortgage Corporation, Series 3829, Cl BE, 3.500%, 03/15/26		3,173,000		3,328,229
Federal Home Loan Mortgage Corporation, Series 3877, Cl LM, 3.500%, 06/15/26		1,367,000		1,429,639
Federal Home Loan Mortgage Corporation, Series 3942, Cl KB, 3.000%, 10/15/26		4,411,556		4,416,834
Federal Home Loan Mortgage Corporation, Series 3978, Cl B, 3.000%, 12/15/26		4,636,000		4,614,041
Federal National Mortgage Association, Series 2010-144, Cl YB, 3.000%, 12/25/25		6,365,471		6,506,230
Federal National Mortgage Association, Series 2011-124, Cl BC, 3.500%, 12/25/21		2,183,370		2,327,750
Federal National Mortgage Association, Series 2011-36, Cl DB, 3.000%, 05/25/26		5,892,120		6,014,934
Federal National Mortgage Association, Series 2011-44, Cl EB, 3.000%, 05/25/26		4,869,000		4,961,066
Federal National Mortgage Association, Series 2011-45, Cl ZA, 4.000%, 05/25/31		3,983,171		4,202,100
Federal National Mortgage Association, Series 2011-46, Cl B, 3.000%, 05/25/26		897,000		915,502

See Notes to Financial Statements.

114

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RIDGEWORTH FUNDS    March 31, 2012

Total Return Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Agency Collateralized Mortgage Obligations—continued
Federal National Mortgage Association, Series 2011-98, Cl VE, 3.500%, 06/25/26		6,350,000		6,505,102
Federal National Mortgage Association, Series 2012-17, Cl BC, 3.500%, 03/25/27		4,492,240		4,691,847
Government National Mortgage Association, Series 2011-158, Cl EB, 4.000%, 12/20/26		2,179,701		2,359,561
Government National Mortgage Association, Series 2011-162, Cl AL, 3.000%, 12/16/26		1,677,682		1,633,371
Government National Mortgage Association, Series 2011-17, Cl B, 4.000%, 02/16/26		900,232		977,448
Government National Mortgage Association, Series 2012-13, Cl VK, 3.500%, 01/20/25		6,348,694		6,782,360
				78,391,018
Agency Collateralized Planned Amortization Class Mortgage Obligations (1.1%)
Federal Home Loan Mortgage Corporation, Series 3745, Cl VE, 4.000%, 09/15/29		1,630,994		1,718,638
Federal Home Loan Mortgage Corporation, Series 3762, Cl BV, 4.000%, 10/15/29		1,513,000		1,590,107
Federal Home Loan Mortgage Corporation, Series 3763, Cl VQ, 4.000%, 07/15/27		929,000		993,481
Federal Home Loan Mortgage Corporation, Series 3769, Cl PN, 3.500%, 12/15/25		1,335,000		1,407,487
Federal Home Loan Mortgage Corporation, Series 3959, Cl PB, 3.000%, 11/15/26		4,683,638		4,659,866

	Shares or Principal Amount($)		Value($)
Agency Collateralized Planned Amortization Class Mortgage Obligations—continued
Federal Home Loan Mortgage Corporation, Series 3972, Cl PB, 3.500%, 12/15/31		554,129		557,457
Federal National Mortgage Association, Series 2011-8, Cl PV, 4.000%, 01/25/30		726,000		761,757
Federal National Mortgage Association, Series 2011-89, Cl BT, 3.500%, 09/25/26		500,000		512,486
				12,201,279
Commercial Mortgage Backed Securities (4.2%)
Americold LLC Trust, Series 2010-ARTA, Cl A2FX, 4.954%, 01/14/29(a)		3,162,000		3,511,088
Banc of America Commercial Mortgage, Inc., Series 2005-3, Cl A3B, 5.090%, 07/10/43(b)		3,902,000		4,121,534
Banc of America Commercial Mortgage, Inc., Series 2005-6, Cl AM, 5.366%, 09/10/47(b)		3,321,000		3,575,096
Commercial Mortgage Pass Through Certificates, Series 2012-9W57, Cl A, 2.365%, 02/10/29(a)		8,169,000		8,225,758
JP Morgan Chase Commercial Mortgage Securities Corp., Series 2005-LDP3, Cl A4B, 4.996%, 08/15/42(b)		1,700,000		1,826,944
LB-UBS Commercial Mortgage Trust, Series 2005-C3, Cl AM, 4.794%, 07/15/40		2,100,000		2,225,643
LB-UBS Commercial Mortgage Trust, Series 2006-C1, Cl AM, 5.217%, 02/15/31(b)		3,280,000		3,504,054

See Notes to Financial Statements.

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Total Return Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Commercial Mortgage Backed Securities—continued
Merrill Lynch Mortgage Trust, Series 2005-LC1, Cl AM, 5.446%, 01/12/44(b)		271,000		292,973
Morgan Stanley Reremic Trust, Series 2010-HQ4B, Cl A7A, 4.970%, 04/16/40(a)		2,700,000		2,866,906
RBSCF Trust, Series 2010-RR3, Cl MS4A, 4.970%, 04/16/40(a)(b)		5,860,000		6,222,277
Wachovia Bank Commercial Mortgage Trust, Series 2005-C20, Cl AMFX, 5.179%, 07/15/42(b)		4,590,000		4,934,011
Wachovia Bank Commercial Mortgage Trust, Series 2005-C21, Cl AM, 5.378%, 10/15/44(b)		3,142,000		3,428,406
				44,734,690
Total Collateralized Mortgage Obligations (Cost $126,975,557)				135,326,987
Corporate Bonds (26.1%)
Aerospace/Defense (0.8%)
Boeing Co. (The), 5.125%, 02/15/13		1,802,000		1,874,768
Raytheon Co., 1.400%, 12/15/14		2,593,000		2,635,956
United Technologies Corp., 6.125%, 02/01/19		3,452,000		4,240,326
				8,751,050
Auto Manufacturers (0.4%)
Daimler Finance N.A. LLC, 3.875%, 09/15/21(a)		1,932,000		1,976,067
Volkswagen International Finance, 2.375%, 03/22/17(a)		2,102,000		2,109,153
				4,085,220
Banks (1.2%)
HSBC Bank PLC, 3.100%, 05/24/16(a)		1,206,000		1,228,446

	Shares or Principal Amount($)		Value($)
Banks—continued
HSBC Bank PLC, 3.500%, 06/28/15(a)		2,196,000		2,293,254
JPMorgan Chase & Co., 4.400%, 07/22/20		2,874,000		2,981,525
JPMorgan Chase & Co., 6.300%, 04/23/19		1,304,000		1,506,790
Northern Trust Corp., 5.200%, 11/09/12		1,783,000		1,832,403
Wells Fargo & Co., MTN, 1.250%, 02/13/15		3,389,000		3,375,170
				13,217,588
Beverages (0.6%)
Anheuser-Busch InBev Worldwide, Inc., 3.000%, 10/15/12		1,933,000		1,958,073
Diageo Capital PLC, 5.200%, 01/30/13		1,123,000		1,165,996
SABMiller Holdings, Inc., 2.450%, 01/15/17(a)		2,962,000		2,999,153
				6,123,222
Biotechnology (0.1%)
Life Technologies Corp., 5.000%, 01/15/21		493,000		533,804
Chemicals (0.9%)
Air Products & Chemicals, Inc., 4.150%, 02/01/13		1,162,000		1,196,948
E.I. du Pont de Nemours & Co., 4.250%, 04/01/21		1,299,000		1,462,322
E.I. du Pont de Nemours & Co., 5.000%, 07/15/13		1,313,000		1,383,483
Praxair, Inc., 1.750%, 11/15/12		3,287,000		3,313,566
Praxair, Inc., 4.625%, 03/30/15		2,271,000		2,519,493
				9,875,812
Commercial Services (0.4%)
ERAC USA Finance LLC, 2.750%, 03/15/17(a)		786,000		785,199
ERAC USA Finance LLC, 5.250%, 10/01/20(a)		1,532,000		1,660,921
ERAC USA Finance LLC, 5.600%, 05/01/15(a)		1,184,000		1,300,962
ERAC USA Finance LLC, 5.800%, 10/15/12(a)		642,000		657,527
				4,404,609
Computers (1.2%)
Hewlett-Packard Co., 4.375%, 09/15/21		3,581,000		3,674,933

See Notes to Financial Statements.

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Total Return Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Computers—continued
Hewlett-Packard Co., 4.500%, 03/01/13		945,000		976,489
IBM Corp., 0.875%, 10/31/14		5,623,000		5,640,207
IBM Corp., 5.600%, 11/30/39		1,856,000		2,270,543
				12,562,172
Diversified Financial Services (2.5%)
ABB Treasury Center USA, Inc., 4.000%, 06/15/21(a)		1,351,000		1,381,004
American Express Credit Corp., MTN, 2.375%, 03/24/17		1,845,000		1,847,838
CME Group, Inc., 5.400%, 08/01/13		1,230,000		1,303,094
CME Group, Inc., 5.750%, 02/15/14		1,428,000		1,557,158
Ford Motor Credit Co. LLC, 5.000%, 05/15/18		3,027,000		3,135,536
John Deere Capital Corp., MTN, 1.250%, 12/02/14		2,195,000		2,223,392
Lazard Group LLC, 7.125%, 05/15/15		1,781,000		1,931,140
MassMutual Global Funding LLC, 2.000%, 04/05/17(a)(c)		1,744,000		1,738,065
NASDAQ OMX Group, Inc. (The), 5.550%, 01/15/20		2,015,000		2,067,305
PACCAR Financial Corp., MTN, 1.550%, 09/29/14		2,900,000		2,950,695
TIAA Global Markets, Inc., 5.125%, 10/10/12(a)		1,572,000		1,608,191
Toyota Motor Credit Corp., MTN, 3.200%, 06/17/15		970,000		1,030,577
Woodside Finance Ltd., 4.600%, 05/10/21(a)		3,279,000		3,410,452
				26,184,447
Electric (0.9%)
Alabama Power Co., 5.800%, 11/15/13		1,240,000		1,338,624
Dominion Resources, Inc., 1.950%, 08/15/16		699,000		708,616
Duke Energy Carolinas LLC, 4.300%, 06/15/20		525,000		585,645

	Shares or Principal Amount($)		Value($)
Electric—continued
Exelon Generation Co. LLC, 6.200%, 10/01/17		1,601,000		1,878,791
Georgia Power Co., 6.000%, 11/01/13		704,000		763,175
MidAmerican Energy Holdings Co., 6.125%, 04/01/36		1,651,000		1,962,537
Public Service Co. of Colorado, Series 17, 6.250%, 09/01/37		1,061,000		1,384,179
Southern California Edison Co., 5.750%, 03/15/14		1,083,000		1,186,855
				9,808,422
Electronics (0.1%)
Thermo Fisher Scientific, Inc., 2.250%, 08/15/16		925,000		957,289
Food (0.4%)
Kellogg Co., 4.250%, 03/06/13		1,406,000		1,453,848
Kraft Foods, Inc., 6.500%, 02/09/40		1,470,000		1,808,883
Kroger Co. (The), 7.500%, 01/15/14		763,000		850,609
				4,113,340
Healthcare—Products (0.4%)
Becton Dickinson and Co., 3.250%, 11/12/20		573,000		594,010
Covidien International Finance SA, 6.000%, 10/15/17		2,018,000		2,420,833
Stryker Corp., 2.000%, 09/30/16		1,433,000		1,468,894
				4,483,737
Healthcare—Services (0.4%)
Roche Holdings, Inc., 7.000%, 03/01/39(a)		2,899,000		3,942,512
Insurance (1.2%)
Berkshire Hathaway, Inc., 3.200%, 02/11/15		3,545,000		3,776,591
Berkshire Hathaway, Inc., 4.600%, 05/15/13		1,601,000		1,672,751
Fairfax Financial Holdings Ltd., 5.800%, 05/15/21(a)		1,095,000		1,045,130
Nationwide Financial Services, Inc., 5.375%, 03/25/21(a)		2,977,000		3,042,208

See Notes to Financial Statements.

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Total Return Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Insurance—continued
OneBeacon U.S. Holdings, Inc., 5.875%, 05/15/13		706,000		726,570
Progressive Corp. (The), 3.750%, 08/23/21		443,000		471,562
Teachers Insurance & Annuity Association of America, 6.850%, 12/16/39(a)		1,478,000		1,830,400
				12,565,212
Media (1.0%)
Comcast Corp., 6.450%, 03/15/37		1,061,000		1,269,825
NBC Universal Media LLC, 5.950%, 04/01/41		1,772,000		2,039,320
Thomson Reuters Corp., 5.950%, 07/15/13		293,000		310,790
Time Warner Cable, Inc., 5.850%, 05/01/17		4,383,000		5,114,597
Time Warner Cable, Inc., 8.250%, 02/14/14		1,468,000		1,662,031
Time Warner, Inc., 6.200%, 03/15/40		453,000		513,303
				10,909,866
Mining (1.2%)
Barrick (PD) Australia Finance Property Ltd., 4.950%, 01/15/20		721,000		797,425
Barrick (PD) Australia Finance Property Ltd., 5.950%, 10/15/39		1,573,000		1,734,055
Barrick International Barbados Corp., 6.350%, 10/15/36(a)		1,083,000		1,227,873
BHP Billiton Finance USA Ltd., 1.125%, 11/21/14		2,260,000		2,275,657
Kinross Gold Corp., 5.125%, 09/01/21(a)		2,942,000		2,987,295
Newmont Mining Corp., 6.250%, 10/01/39		2,833,000		3,148,358
				12,170,663
Miscellaneous Manufacturer (1.2%)
3M Co., 1.375%, 09/29/16		1,432,000		1,441,536
Danaher Corp., 3.900%, 06/23/21		1,386,000		1,515,616
General Electric Co., 5.000%, 02/01/13		4,750,000		4,923,042

	Shares or Principal Amount($)		Value($)
Miscellaneous Manufacturer—continued
General Electric Co., 5.250%, 12/06/17		1,284,000		1,484,900
Illinois Tool Works, Inc., 6.250%, 04/01/19		1,865,000		2,275,227
Siemens Financieringsmat, 6.125%, 08/17/26(a)		1,091,000		1,327,580
				12,967,901
Office/Business Equipment (0.3%)
Xerox Corp., 5.500%, 05/15/12		915,000		919,664
Xerox Corp., 6.350%, 05/15/18		1,840,000		2,134,863
				3,054,527
Oil & Gas (1.5%)
BP Capital Markets PLC, 2.248%, 11/01/16		2,788,000		2,859,671
Ensco PLC, 4.700%, 03/15/21		2,288,000		2,468,482
Phillips 66, 4.300%, 04/01/22(a)		2,184,000		2,221,563
Shell International Finance BV, 6.375%, 12/15/38		4,688,000		6,202,491
Statoil ASA, 3.125%, 08/17/17		427,000		458,048
Total Capital SA, 3.000%, 06/24/15		1,348,000		1,399,429
				15,609,684
Oil & Gas Services (0.7%)
Baker Hughes, Inc., 5.125%, 09/15/40		1,722,000		1,959,085
Schlumberger Investment SA, 3.300%, 09/14/21(a)		2,234,000		2,263,355
Weatherford International Ltd., 5.125%, 09/15/20		1,407,000		1,496,864
Weatherford International Ltd., 6.500%, 08/01/36		1,349,000		1,453,976
				7,173,280
Pharmaceuticals (1.7%)
Abbott Laboratories, 5.600%, 11/30/17		3,413,000		4,127,351
Express Scripts, Inc., 5.250%, 06/15/12		1,761,000		1,775,967
GlaxoSmithKline Capital, Inc., 5.650%, 05/15/18		2,224,000		2,685,791

See Notes to Financial Statements.

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Total Return Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Pharmaceuticals—continued
Novartis Securities Investment Ltd., 5.125%, 02/10/19		1,203,000		1,409,061
Sanofi-Aventis SA, 4.000%, 03/29/21		3,048,000		3,319,604
Schering-Plough Corp., 6.550%, 09/15/37		1,655,000		2,261,652
Teva Pharmaceutical Finance Co. LLC, 6.150%, 02/01/36		865,000		1,037,540
Teva Pharmaceutical Finance II/III, 3.000%, 06/15/15		1,441,000		1,516,714
				18,133,680
Pipelines (1.6%)
El Paso Natural Gas Co., 5.950%, 04/15/17		593,000		654,526
El Paso Pipeline Partners Operating Co. LLC, 6.500%, 04/01/20		961,000		1,073,917
Energy Transfer Partners LP, 6.050%, 06/01/41		1,081,000		1,090,831
Energy Transfer Partners LP, 6.625%, 10/15/36		1,299,000		1,347,531
Enterprise Products Operating LLC, 5.250%, 01/31/20		3,689,000		4,119,750
Enterprise Products Operating LLC, Series J, 5.750%, 03/01/35		1,187,000		1,281,581
Rockies Express Pipeline LLC, 6.850%, 07/15/18(a)		1,028,000		956,040
Southern Natural Gas Co., 5.900%, 04/01/17(a)		382,000		432,585
TC Pipelines LP, 4.650%, 06/15/21		1,507,000		1,575,660
TransCanada PipeLines Ltd., 6.100%, 06/01/40		1,668,000		2,072,006
Transcontinental Gas Pipe Line Co. LLC, 6.050%, 06/15/18		365,000		431,541
Williams Partners LP, 4.125%, 11/15/20		2,277,000		2,339,622
				17,375,590

	Shares or Principal Amount($)		Value($)
Real Estate Investment Trusts (0.8%)
BioMed Realty LP, 3.850%, 04/15/16		1,088,000		1,124,026
Digital Realty Trust LP, 4.500%, 07/15/15		2,551,000		2,678,078
Digital Realty Trust LP, 5.875%, 02/01/20		667,000		726,514
Healthcare Realty Trust, Inc., 6.500%, 01/17/17		3,161,000		3,465,549
				7,994,167
Retail (1.1%)
Wal-Mart Stores, Inc., 5.250%, 09/01/35		542,000		616,360
Wal-Mart Stores, Inc., 6.500%, 08/15/37		6,121,000		8,058,597
Walgreen Co., 4.875%, 08/01/13		1,196,000		1,266,026
Wesfarmers Ltd., 6.998%, 04/10/13(a)		1,821,000		1,918,092
				11,859,075
Semiconductors (0.7%)
Analog Devices, Inc., 3.000%, 04/15/16		407,000		428,633
Intel Corp., 1.950%, 10/01/16		1,635,000		1,683,970
Intel Corp., 4.800%, 10/01/41		5,410,000		5,762,748
				7,875,351
Software (0.5%)
Fiserv, Inc., 4.750%, 06/15/21		1,431,000		1,522,125
Oracle Corp., 5.750%, 04/15/18		3,416,000		4,152,875
				5,675,000
Telecommunication Services (2.0%)
AT&T, Inc., 4.950%, 01/15/13		1,838,000		1,900,358
AT&T, Inc., 5.550%, 08/15/41		2,062,000		2,285,568
CC Holdings GS V LLC/Crown Castle GS III Corp., 7.750%, 05/01/17(a)		1,395,000		1,520,550
Cellco Partnership/Verizon Wireless Capital LLC, 5.550%, 02/01/14		874,000		945,261
Cisco Systems, Inc., 5.500%, 02/22/16		1,582,000		1,835,932

See Notes to Financial Statements.

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Total Return Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Telecommunication Services—continued
Cisco Systems, Inc., 5.500%, 01/15/40		3,042,000		3,546,592
Juniper Networks, Inc., 3.100%, 03/15/16		372,000		384,988
Rogers Communications, Inc., 7.500%, 03/15/15		1,470,000		1,723,522
SBC Communications, Inc., 5.100%, 09/15/14		2,147,000		2,363,227
SBC Communications, Inc., 6.450%, 06/15/34		1,069,000		1,260,451
Verizon Communications, Inc., 5.250%, 04/15/13		1,325,000		1,389,103
Verizon Communications, Inc., 5.550%, 02/15/16		1,832,000		2,104,131
				21,259,683
Transportation (0.1%)
United Parcel Service, Inc., 3.125%, 01/15/21		1,334,000		1,397,400
Trucking & Leasing (0.2%)
Aviation Capital Group Corp., 6.750%, 04/06/21(a)		607,000		588,736
Aviation Capital Group Corp., 7.125%, 10/15/20(a)		1,566,000		1,572,389
				2,161,125
Total Corporate Bonds (Cost $261,516,096)				277,225,428
U.S. Government Agency Mortgages (20.9%)
Federal Home Loan Mortgage Corporation (8.9%)
Pool #J18446, 3.000%, 03/01/27(c)		7,478,000		7,748,759
Pool #A12413, 5.000%, 08/01/33		1,105,281		1,193,237
Pool #G05052, 5.000%, 10/01/33		634,260		684,733
Pool #G01797, 5.500%, 12/01/33		847,238		927,986
Pool #G01740, 5.500%, 12/01/34		1,765,603		1,932,499
Pool #G01779, 5.000%, 04/01/35		1,322,628		1,427,880
Pool #G01837, 5.000%, 07/01/35		9,636,203		10,393,998

	Shares or Principal Amount($)		Value($)
Federal Home Loan Mortgage Corporation—continued
Pool #A47402, 5.000%, 10/01/35		4,244,508		4,578,297
Pool #A39731, 5.000%, 11/01/35		2,496,050		2,692,340
Pool #G02162, 5.500%, 05/01/36(c)		10,819,308		11,792,991
Pool #G02252, 5.500%, 07/01/36		2,937,311		3,201,654
Pool #Z40004, 6.000%, 08/01/36		2,386,160		2,631,583
Pool #G02424, 5.500%, 12/01/36		757,026		825,155
Pool #G04997, 5.000%, 01/01/37		9,872,947		10,649,359
Pool #G05521, 5.500%, 05/01/37		1,428,264		1,566,620
Pool #G04337, 5.500%, 04/01/38		1,586,780		1,727,103
Pool #1B8266, 2.856%, 05/01/41(b)		5,427,976		5,648,831
Pool #848553, 2.679%, 06/01/41(b)		2,699,103		2,797,507
Pool #1B8740, 2.427%, 09/01/41(b)		1,189,742		1,231,548
5.500%, TBA, 30 Year Maturity(c)		3,587,000		3,891,895
2.500%, TBA, 15 Year Maturity(c)		15,989,000		16,153,886
				93,697,861
Federal National Mortgage Association (11.1%)
Pool #471092, 2.740%, 04/01/22(c)		3,112,000		3,158,680
Pool #471145, 3.150%, 04/01/22(c)		3,500,000		3,550,050
Pool #AK4110, 3.000%, 02/01/27		914,389		948,497
Pool #725773, 5.500%, 09/01/34		9,390,218		10,303,208
Pool #735036, 5.500%, 12/01/34		6,381,064		7,001,480
Pool #827943, 5.000%, 05/01/35		1,228,001		1,327,881
Pool #735500, 5.500%, 05/01/35		5,772,385		6,318,288
Pool #357829, 6.000%, 06/01/35		3,713,217		4,111,134
Pool #357937, 6.000%, 07/01/35		6,562,640		7,265,908
Pool #888344, 5.000%, 10/01/35		9,206,505		9,955,322

See Notes to Financial Statements.

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Total Return Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Federal National Mortgage Association—continued
Pool #190363, 5.500%, 11/01/35		6,227,973		6,816,962
Pool #AE0115, 5.500%, 12/01/35		6,493,116		7,128,202
Pool #745428, 5.500%, 01/01/36		10,765,618		11,783,739
Pool #190370, 6.000%, 06/01/36		11,964,740		13,216,997
Pool #888173, 5.500%, 11/01/36		2,671,571		2,924,225
Pool #995082, 5.500%, 08/01/37		4,195,873		4,603,829
Pool #889529, 6.000%, 03/01/38		3,604,668		4,001,090
Pool #995724, 6.000%, 04/01/39		6,043,589		6,708,232
Pool #AD0439, 6.000%, 07/01/39		2,742,833		3,024,761
Pool #AJ9537, 2.727%, 11/01/41(b)		3,790,975		3,948,687
				118,097,172
Government National Mortgage Association (0.9%)
Pool #751387, 4.743%, 01/20/61		8,563,957		9,520,137
Total U.S. Government Agency Mortgages (Cost $216,999,438)				221,315,170
U.S. Treasury Obligations (35.0%)
U.S. Treasury Bond (3.1%)
3.125%, 11/15/41		34,187,000		32,792,820
U.S. Treasury Notes (31.9%)
0.500%, 10/15/14		153,173,000		153,328,624
1.750%, 05/31/16(d)		176,934,000		183,569,025
2.000%, 02/15/22		1,249,000		1,224,995
				338,122,644
Total U.S. Treasury Obligations (Cost $371,691,275)				370,915,464
Preferred Stocks (0.3%)
Banks (0.2%)
US Bancorp, Series F, 6.500%(e)		77,100		2,096,349

	Shares or Principal Amount($)		Value($)
Insurance (0.1%)
Arch Capital Group Ltd., 6.750%(e)		46,475		1,177,853
Total Preferred Stocks (Cost $3,105,937)				3,274,202
Money Market Fund (4.2%)
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(f)		44,602,276		44,602,276
Total Money Market Fund (Cost $44,602,276)				44,602,276
Total Investments (Cost $1,046,117,530) — 101.2%				1,074,037,517
Liabilities in excess of other assets — (1.2)%				(13,151,335	)
Net Assets — 100.0%			$	1,060,886,182

(a) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 7.8% of net assets as of March 31, 2012.

(b) Variable or floating rate security. Rate disclosed is as of March 31, 2012.

(c) All or a portion of this security has been purchased on a when-issued or delayed-delivery basis.

(d) All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments.

(e) Perpetual maturity.

(f) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

Investment Abbreviations

MTN	—	Medium Term Note
TBA	—	To Be Announced. Securities purchased on a forward commitment basis with an appropriate principal amount and no definitive maturity date. The actual principal and maturity date will be determined upon settlement date.

See Notes to Financial Statements.

121

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Total Return Bond Fund — concluded

At March 31, 2012, the Fund’s open swap agreements were as follows:

Credit Default Swap Agreements — Buy Protection

Underlying Instrument	Counterparty	Notional Amount		Fixed Rate			Expiration Date		Implied Credit Spread*			Upfront Payments Made (Received)		Value		Unrealized Appreciation
French Republic 5 Year	JPMorgan	$	46,150,000		0.250	%		06/20/17		1.675	%	$	3,195,643	$	3,206,865	$	11,222
Kingdom of Spain 5 Year	JPMorgan		13,720,000		1.000			06/20/17		4.263			1,782,817		1,958,689		175,872
Republic of Turkey 5 Year	JPMorgan		11,300,000		1.000			06/20/17		2.293			635,573		707,241		71,668
												$	5,614,033	$	5,872,795	$	258,762

As the buyer of protection, the Fund pays periodic fees in return for payment by the seller which is contingent upon an adverse credit event occurring in the underlying issuer or reference entity.

Credit Default Swap Agreement — Sell Protection

Underlying Instrument	Counterparty	Notional Amount		Fixed Rate			Expiration Date		Implied Credit Spread*			Upfront Payments Made (Received)			Value			Unrealized Depreciation
CDX.NA.HY.18	JPMorgan	$	77,000,000		5.000	%		06/20/17		5.691	%	$	(1,921,975	)	$	(2,238,210	)	$	(316,235	)

The notional amount represents the maximum potential amount the Fund could be required to make as seller of credit protection if a credit event occurs, as defined under the terms of swap agreement, for each security included in the CDX.NA.HY.18.

The value column indicates the impact each respective swap agreement has on the Fund’s net assets at March 31, 2012.

* Implied credit spreads serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular reference entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the reference entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

Forward Foreign Currency Contracts

At March 31, 2012, the Fund’s forward foreign currency contracts were as follows:

Currency	Counterparty	Delivery Date		Contract Amount in Local Currency		Contract Value in USD		Market Value		Unrealized Appreciation (Depreciation)
Short:
Australian Dollar	JPMorgan		04/17/12		9,285,225	$	9,900,000	$	9,602,861	$	297,139
Australian Dollar	JPMorgan		06/12/12		11,718,954		12,310,000		12,045,300		264,700
Euro	JPMorgan		04/10/12		14,680,000		19,231,828		19,579,293		(347,465	)
Euro	Credit Suisse Securities		04/17/12		7,555,810		9,900,000		10,077,781		(177,781	)
Euro	Credit Suisse Securities		05/07/12		16,706,957		22,255,000		22,285,404		(30,404	)
Polish Zloty	Credit Suisse Securities		04/10/12		61,599,641		19,124,384		19,800,501		(676,117	)
Swiss Franc	JPMorgan		04/10/12		17,677,656		19,303,915		19,584,610		(280,695	)
Total Short Contracts						$	112,025,127	$	112,975,750	$	(950,623	)
Long:
Australian Dollar	JPMorgan		04/17/12		9,285,225	$	9,859,424	$	9,602,861	$	(256,563	)
Euro	JPMorgan		04/10/12		14,680,000		19,303,906		19,579,293		275,387
Euro	Credit Suisse Securities		04/17/12		7,555,810		10,042,654		10,077,781		35,127
Polish Zloty	Credit Suisse Securities		04/10/12		61,599,641		19,433,000		19,800,501		367,501
Swiss Franc	JPMorgan		04/10/12		17,677,656		19,191,688		19,584,609		392,921
Total Long Contracts						$	77,830,672	$	78,645,045	$	814,373

At March 31, 2012, liquid assets totaling $518,750 have been designated as collateral for open credit default swap agreements and open forward foreign currency contracts.

See Notes to Financial Statements.

122

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Ultra-Short Bond Fund

	Shares or Principal Amount($)		Value($)
Asset-Backed Securities (6.1%)
Automobiles (3.9%)
Ford Credit Auto Owner Trust, Series 2009-D, Cl A3, 2.170%, 10/15/13		36,125		36,262
Ford Credit Auto Owner Trust, Series 2012-A, Cl A2, 0.620%, 09/15/14		600,000		600,367
Harley-Davidson Motorcycle Trust, Series 2011-2, Cl A2, 0.710%, 05/15/15		560,000		560,257
Honda Auto Receivables Owner Trust, Series 2010-2, Cl A3, 1.340%, 03/18/14		126,625		127,168
Hyundai Auto Receivables Trust, Series 2011-B, Cl A3, 1.040%, 09/15/15		520,000		522,952
Hyundai Auto Receivables Trust, Series 2011-B, Cl A4, 1.650%, 02/15/17		455,000		463,000
Mercedes-Benz Auto Lease Trust, Series 2011-B, Cl A3, 1.070%, 08/15/14(a)		935,000		940,823
Volkswagen Auto Loan Enhanced Trust, Series 2012-1, Cl A2, 0.610%, 10/20/14		600,000		600,438
World Omni Auto Receivables Trust, Series 2011-A, Cl A3, 1.110%, 05/15/15		555,000		557,563
				4,408,830
Other (2.2%)
GE Equipment Transportation LLC, Series 2011-1, Cl A2, 0.770%, 10/21/13		1,767,011		1,767,213
John Deere Owner Trust, Series 2011-A, Cl A2, 0.640%, 06/16/14		735,832		736,158
				2,503,371
Total Asset-Backed Securities (Cost $6,890,391)				6,912,201
Collateralized Mortgage Obligations (33.2%)
Agency Collateralized Mortgage Obligations (11.6%)
Federal Home Loan Mortgage Corporation, Series 2892, Cl F, 0.542%, 01/15/19(b)		127,694		127,777
Federal Home Loan Mortgage Corporation, Series 3598, Cl DA, 2.750%, 11/15/14		517,540		523,144

	Shares or Principal Amount($)		Value($)
Agency Collateralized Mortgage Obligations—continued
Federal National Mortgage Association, Series 2002-M2, Cl C, 4.717%, 08/25/12		392,452		394,142
Federal National Mortgage Association, Series 2003-129, Cl GA, 4.680%, 04/25/30		440,352		443,032
Federal National Mortgage Association, Series 2005-92, Cl UF, 0.592%, 10/25/25(b)		387,063		385,700
Federal National Mortgage Association, Series 2007-109, Cl NF, 0.792%, 12/25/37(b)		1,178,155		1,180,197
Federal National Mortgage Association, Series 2007-54, Cl KF, 0.552%, 06/25/37(b)		658,255		654,590
Federal National Mortgage Association, Series 2009-37, Cl HA, 4.000%, 04/25/19		147,363		155,768
Federal National Mortgage Association, Series 2009-M2, Cl A1, 2.387%, 01/25/19		1,858,657		1,897,587
Federal National Mortgage Association, Series 2010-134, Cl BF, 0.672%, 10/25/40(b)		1,779,505		1,776,001
Federal National Mortgage Association, Series 2011-M1, Cl FA, 0.692%, 06/25/21(b)		3,853,975		3,776,256
Government National Mortgage Association, Series 2005-50, Cl A, 4.015%, 10/16/26		370,302		374,419
Government National Mortgage Association, Series 2005-67, Cl B, 4.751%, 10/16/26(b)		65,570		65,544
Government National Mortgage Association, Series 2010-66, Cl A, 1.869%, 09/16/27		384,131		386,906

See Notes to Financial Statements.

123

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Ultra-Short Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Agency Collateralized Mortgage Obligations—continued
NCUA Guaranteed Notes, Series 2011-R1, Cl 1A, 0.693%, 01/08/20(b)		964,337		965,995
				13,107,058
Agency Collateralized Planned Amortization Class Mortgage Obligations (2.7%)
Federal Home Loan Mortgage Corporation, Series 3136, Cl KF, 0.542%, 04/15/36(b)		1,574,359		1,569,764
Federal Home Loan Mortgage Corporation, Series 3200, Cl FP, 0.442%, 08/15/36(b)		669,134		664,178
Federal National Mortgage Association, Series 2003-63, Cl FE, 0.642%, 10/25/31(b)		356,994		356,783
Federal National Mortgage Association, Series 2005-42, Cl PF, 0.442%, 05/25/35(b)		400,448		398,367
				2,989,092
Commercial Mortgage Backed Securities (16.9%)
Banc of America Commercial Mortgage, Inc., Series 2004-1, Cl A4, 4.760%, 11/10/39		330,000		346,874
Banc of America Commercial Mortgage, Inc., Series 2004-3, Cl A5, 5.736%, 06/10/39(b)		1,392,896		1,497,386
Banc of America Commercial Mortgage, Inc., Series 2004-6, Cl AJ, 4.870%, 12/10/42(b)		1,535,000		1,596,649
Bear Stearns Commercial Mortgage Securities, Series 1999-C1, Cl B, 6.200%, 02/14/31(b)		241,052		242,638
Bear Stearns Commercial Mortgage Securities, Series 2007-T28, Cl A2, 5.588%, 09/11/42		1,043,583		1,054,665
Citigroup Commercial Mortgage Trust, Series 2004-C1, Cl A3, 5.251%, 04/15/40(b)		831,530		851,851
Citigroup/Deutsche Bank Commercial Mortgage Trust, Series 2005-CD1, Cl A4, 5.400%, 07/15/44(b)		290,000		322,792

	Shares or Principal Amount($)		Value($)
Commercial Mortgage Backed Securities—continued
Commercial Mortgage Asset Trust, Series 1999-C1, Cl A4, 6.975%, 01/17/32(b)		841,669		873,372
Commercial Mortgage Asset Trust, Series 1999-C1, Cl B, 7.230%, 01/17/32(b)		1,460,000		1,555,008
Commercial Mortgage Pass-Through Certificates, Series 2001-J2A, Cl A2, 6.096%, 07/16/34(a)		11,240		11,270
Credit Suisse First Boston Mortgage Securities Corp., Series 2003-CK2, Cl A4, 4.801%, 03/15/36		1,200,000		1,226,957
GMAC Commercial Mortgage Securities, Inc., Series 2003-C1, Cl A2, 4.079%, 05/10/36		1,320,000		1,346,205
GMAC Commercial Mortgage Securities, Inc., Series 2003-C2, Cl A2, 5.640%, 05/10/40(b)		1,465,000		1,541,362
GMAC Commercial Mortgage Securities, Inc., Series 2004-C2, Cl A2, 4.760%, 08/10/38		84,808		84,769
GMAC Commercial Mortgage Securities, Inc., Series 2004-C3, Cl A4, 4.547%, 12/10/41		368,890		372,945
Greenwich Capital Commercial Funding Corp., Series 2005-GG3, Cl A2, 4.305%, 08/10/42		284,184		284,092
JP Morgan Chase Commercial Mortgage Securities Corp., Series 2004-CB8, Cl A4, 4.404%, 01/12/39		1,434,100		1,509,145
JPMorgan Chase Commercial Mortgage Securities, Series 2004-CBX, Cl A4, 4.529%, 01/12/37		154,349		154,332
JPMorgan Chase Commercial Mortgage Securities, Series 2004-CBX, Cl A5, 4.654%, 01/12/37		1,500,000		1,517,908
JPMorgan Chase Commercial Mortgage Securities, Series 2005-LDP1, Cl A2, 4.625%, 03/15/46		652,626		660,941

See Notes to Financial Statements.

124

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Ultra-Short Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Commercial Mortgage Backed Securities—continued
LB-UBS Commercial Mortgage Trust, Series 2003-C7, Cl A3, 4.559%, 09/15/27(b)		866,589		872,020
Merrill Lynch Mortgage Trust, Series 2004-BPC1, Cl A3, 4.467%, 10/12/41(b)		81,689		82,296
Morgan Stanley Capital I, Series 2004-IQ7, Cl A4, 5.407%, 06/15/38(b)		540,000		577,553
Morgan Stanley Capital I, Series 2006-HQ8, Cl A3, 5.471%, 03/12/44(b)		429,407		430,810
				19,013,840
Whole Loan Collateral Mortgage Obligations (2.0%)
Banc of America Mortgage Securities, Inc., Series 2003-F, Cl 1A1, 2.748%, 07/25/33(b)		414,842		389,482
Countrywide Home Loan Mortgage Pass-Through Certificates, Series 2003-15, Cl 1A1, 0.742%, 06/25/18(b)		561,797		545,214
CS First Boston Mortgage Securities Corp., Series 2004-1, Cl 4A1, 5.000%, 02/25/19		188,035		191,654
FDIC Structured Sale Guaranteed Notes, Series 2010-L2A, Cl A, 3.000%, 09/30/19(a)		370,988		373,201
First Horizon Mortgage Pass-Through Trust, Series 2004-AR4, Cl 2A1, 2.723%, 08/25/34(b)		382,900		359,241
Provident Funding Mortgage Loan Trust, Series 2004-1, Cl 1A1, 2.628%, 04/25/34(b)		234,572		228,478
Washington Mutual Mortgage Pass-Through Certificates, Series 2003-S12, Cl 2A, 4.750%, 11/25/18		136,249		140,817
				2,228,087
Total Collateralized Mortgage Obligations (Cost $37,252,289)				37,338,077

	Shares or Principal Amount($)		Value($)
Corporate Bonds (44.4%)
Auto Manufacturers (2.0%)
Daimler Finance North America LLC, 1.950%, 03/28/14(a)		615,000		622,463
Volkswagen International Finance, 1.227%, 03/21/14(a)(b)		1,660,000		1,659,378
				2,281,841
Banks (12.2%)
Bank of America Corp., 0.974%, 09/11/12(b)		330,000		329,252
Bank of America Corp., 2.131%, 07/11/14(b)		755,000		739,440
Bank of America Corp., MTN, 1.973%, 01/30/14(b)		245,000		240,543
Bank of Montreal, MTN, 1.023%, 04/29/14(b)		205,000		205,350
Bank of New York Mellon Corp. (The), MTN, 0.827%, 01/31/14(b)		735,000		737,040
Bank of New York Mellon Corp. (The), MTN, 5.125%, 08/27/13		520,000		551,348
Bank of Nova Scotia, 1.013%, 02/10/14		405,000		405,021
Bank of Nova Scotia, 1.850%, 01/12/15		710,000		725,749
BB&T Corp., 2.050%, 04/28/14		700,000		713,593
Branch Banking & Trust Co., 0.794%, 09/13/16(b)		900,000		847,269
Capital One Financial Corp., 1.717%, 07/15/14(b)		690,000		683,190
Fifth Third Bank, 0.605%, 05/17/13(b)		705,000		698,881
JPMorgan Chase & Co., 5.750%, 01/02/13		505,000		523,082
PNC Funding Corp., 5.400%, 06/10/14		1,000,000		1,090,042
Royal Bank of Canada, 0.867%, 04/17/14(b)		1,230,000		1,233,109
Royal Bank of Canada, 1.253%, 10/30/14(b)		625,000		631,506
State Street Corp., 0.653%, 04/30/12(b)		400,000		400,150
Toronto-Dominion Bank (The), 0.867%, 07/14/14(b)		255,000		255,965
Wachovia Corp., MTN, 5.500%, 05/01/13		1,400,000		1,470,313

See Notes to Financial Statements.

125

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Ultra-Short Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Banks—continued
Westpac Banking Corp., 2.250%, 11/19/12		1,212,000		1,224,948
				13,705,791
Beverages (1.5%)
Anheuser-Busch InBev Worldwide, Inc., 1.500%, 07/14/14		250,000		253,668
Anheuser-Busch InBev Worldwide, Inc., 2.500%, 03/26/13		295,000		300,345
Dr. Pepper Snapple Group, Inc., 2.350%, 12/21/12		635,000		642,301
PepsiCo, Inc., 0.750%, 03/05/15		535,000		532,907
				1,729,221
Diversified Financial Services (11.2%)
American Express Credit Corp., 1.324%, 06/24/14(b)		735,000		732,719
BlackRock, Inc., 0.792%, 05/24/13(b)		1,210,000		1,214,181
BlackRock, Inc., 2.250%, 12/10/12		640,000		647,401
Caterpillar Financial Services Corp., 4.625%, 06/01/15		675,000		746,298
Caterpillar Financial Services Corp., 6.125%, 02/17/14		605,000		665,034
Citigroup, Inc., 5.500%, 04/11/13		1,280,000		1,328,319
General Electric Capital Corp., 1.433%, 01/07/14(b)		1,675,000		1,685,770
Goldman Sachs Group, Inc. (The), 1.527%, 02/07/14(b)		1,265,000		1,242,133
Goldman Sachs Group, Inc. (The), 5.150%, 01/15/14		205,000		215,503
John Deere Capital Corp., 0.700%, 03/03/14(b)		785,000		787,036
JPMorgan Chase & Co., MTN, 1.224%, 05/02/14(b)		1,105,000		1,106,878
MassMutual Global Funding II, 0.947%, 01/14/14(a)(b)		1,160,000		1,160,144
Morgan Stanley, 2.161%, 01/24/14(b)		985,000		958,311
Woodside Finance Ltd., 4.500%, 11/10/14(a)		160,000		169,840
				12,659,567
Electric (2.1%)
Duke Energy Corp., 6.300%, 02/01/14		550,000		602,808

	Shares or Principal Amount($)		Value($)
Electric—continued
Duke Energy Indiana, Inc., 5.000%, 09/15/13		525,000		553,706
Midamerican Energy Holdings Co., 5.875%, 10/01/12		475,000		487,235
NextEra Energy Capital Holdings, Inc., 2.550%, 11/15/13		295,000		300,260
Peco Energy Co., 4.750%, 10/01/12		420,000		428,607
				2,372,616
Electronics (0.7%)
Thermo Fisher Scientific, Inc., 2.150%, 12/28/12		760,000		766,376
Food (1.1%)
General Mills, Inc., 5.650%, 09/10/12		610,000		623,433
Kraft Foods, Inc., 1.457%, 07/10/13(b)		595,000		598,793
				1,222,226
Gas (0.9%)
Sempra Energy, 2.000%, 03/15/14		405,000		413,358
Sempra Energy, 6.000%, 02/01/13		530,000		553,124
				966,482
Insurance (5.3%)
Allstate Corp. (The), 7.500%, 06/15/13		450,000		486,139
Allstate Life Global Funding Trusts, MTN, 5.375%, 04/30/13		1,105,000		1,160,586
MetLife Institutional Funding II, 1.368%, 04/04/14(a)(b)		1,025,000		1,028,643
MetLife, Inc., 5.375%, 12/15/12		540,000		556,943
Metropolitan Life Global Funding I, 2.000%, 01/09/15(a)		220,000		222,332
New York Life Global Funding, 0.543%, 08/22/12(a)(b)		600,000		599,944
New York Life Global Funding, 4.650%, 05/09/13(a)		120,000		125,066
Pricoa Global Funding I, 5.450%, 06/11/14(a)		1,660,000		1,791,945
				5,971,598

See Notes to Financial Statements.

126

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Ultra-Short Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Media (1.8%)
Comcast Corp., 5.300%, 01/15/14		585,000		629,296
DIRECTV Holdings LLC, 7.625%, 05/15/16		260,000		272,350
Historic TW, Inc., 9.125%, 01/15/13		200,000		212,274
Time Warner Cable, Inc., 5.400%, 07/02/12		505,000		510,767
Time Warner Cable, Inc., 7.500%, 04/01/14		115,000		129,440
Viacom, Inc., 1.250%, 02/27/15		260,000		259,734
				2,013,861
Mining (0.2%)
BHP Billiton Finance USA Ltd., 1.000%, 02/24/15		225,000		224,770
Pharmaceuticals (0.5%)
McKesson Corp., 5.250%, 03/01/13		285,000		296,955
McKesson Corp., 6.500%, 02/15/14		200,000		219,954
				516,909
Pipelines (1.7%)
Enterprise Products Operating LLC, Series M, 5.650%, 04/01/13		680,000		710,180
Kinder Morgan Energy Partners LP, 5.850%, 09/15/12		510,000		520,551
Plains All American Pipeline LP, 4.250%, 09/01/12		675,000		683,196
				1,913,927
Retail (0.3%)
Nordstrom, Inc., 6.750%, 06/01/14		295,000		332,290
Telecommunication Services (2.2%)
BellSouth Corp., 5.200%, 09/15/14		1,210,000		1,331,681
Verizon Communications, Inc., 1.083%, 03/28/14(b)		1,165,000		1,174,663
				2,506,344
Toys/Games/Hobbies (0.3%)
Mattel, Inc., 5.625%, 03/15/13		370,000		387,003

	Shares or Principal Amount($)		Value($)
Transportation (0.4%)
Burlington Northern Santa Fe LLC, 4.300%, 07/01/13		435,000		451,959
Total Corporate Bonds (Cost $49,918,450)				50,022,781
Municipal Bond (1.3%)
New Jersey (1.3%)
New Jersey Economic Development Authority, RB, BAB, 1.474%, 06/15/13(b)		1,411,000		1,416,489
Total Municipal Bond (Cost $1,410,886)				1,416,489
U.S. Government Agency Mortgages (13.6%)
Federal Home Loan Mortgage Corporation (1.5%)
Pool # 847276, 2.531%, 04/01/34(b)		74,379		78,853
Pool # 1H2581, 2.370%, 01/01/36(b)		715,235		752,236
Pool # 848154, 2.882%, 06/01/36(b)		112,792		120,457
Pool # 1B7142, 2.599%, 09/01/36(b)		115,582		124,010
Pool # 1Q0853, 2.591%, 01/01/37(b)		185,938		198,882
Pool # 1G1676, 5.452%, 04/01/37(b)		288,110		310,830
				1,585,268
Federal National Mortgage Association (12.1%)
Pool # 375493, 6.925%, 11/01/12		177,844		179,202
Pool # 555162, 4.826%, 01/01/13		461,263		467,051
Pool # 745503, 5.370%, 02/01/13		228,644		233,470
Pool # 873590, 5.470%, 04/01/13		146,576		150,301
Pool # 360500, 6.255%, 09/01/13		1,965,000		2,077,666
Pool # 555910, 4.919%, 10/01/13		232,708		240,145
Pool # 958368, 4.710%, 03/01/14		577,149		607,725
Pool # AD0172, 4.757%, 04/01/16		222,432		246,088
Pool # 469408, 1.015%, 11/01/18(b)		2,785,000		2,804,819
Pool # 995426, 5.500%, 09/01/21		582,287		635,316

See Notes to Financial Statements.

127

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RIDGEWORTH FUNDS    March 31, 2012

Ultra-Short Bond Fund — concluded

	Shares or Principal Amount($)		Value($)
Federal National Mortgage Association—continued
Pool # 635082, 2.318%, 05/01/32(b)		124,044		130,487
Pool # 555844, 2.319%, 10/01/33(b)		233,715		246,750
Pool # 822302, 2.784%, 05/01/35(b)		386,458		413,181
Pool # 995540, 2.368%, 01/01/36(b)		1,510,436		1,597,333
Pool # 995542, 2.433%, 02/01/36(b)		586,029		624,911
Pool # AL0968, 2.557%, 12/01/36(b)		587,942		629,505
Pool # AD0380, 2.470%, 10/01/37(b)		815,774		869,688
Pool # AL0966, 3.184%, 11/01/37(b)		578,010		613,236
Pool # AL0967, 2.557%, 04/01/38(b)		929,675		995,182
				13,762,056
Total U.S. Government Agency Mortgages (Cost $14,972,841)				15,347,324

	Shares or Principal Amount($)		Value($)
Money Market Fund (0.9%)
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 0.00%(c)		1,019,806		1,019,806
Total Money Market Fund (Cost $1,019,806)				1,019,806
Total Investments (Cost $111,464,663) — 99.5%				112,056,678
Other assets in excess of liabilities — 0.5%				559,926
Net Assets — 100.0%			$	112,616,604

(a) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 7.7% of net assets as of March 31, 2012.

(b) Variable or floating rate security. Rate disclosed is as of March 31, 2012.

(c) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

Investment Abbreviations

BAB	—	Build America Bonds
MTN	—	Medium Term Note
RB	—	Revenue Bond

See Notes to Financial Statements.

128

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RIDGEWORTH FUNDS    March 31, 2012

U.S. Government Securities Fund

	Shares or Principal Amount($)		Value($)
U.S. Treasury Obligations (97.9%)
U.S. Treasury Bonds (17.7%)
7.125%, 02/15/23		1,111,000		1,628,483
6.875%, 08/15/25		724,000		1,070,050
6.000%, 02/15/26		1,111,000		1,532,833
4.500%, 02/15/36		1,880,000		2,294,775
3.125%, 11/15/41		1,474,000		1,413,889
				7,940,030
U.S. Treasury Notes (80.2%)
0.750%, 05/31/12		3,500,000		3,503,556
2.375%, 09/30/14		3,179,000		3,330,250
0.500%, 10/15/14		8,710,000		8,718,849
1.750%, 07/31/15		6,695,000		6,942,400
1.500%, 06/30/16		6,550,000		6,723,470
2.625%, 08/15/20		6,490,000		6,842,388
				36,060,913
Total U.S. Treasury Obligations (Cost $43,133,296)				44,000,943

	Shares or Principal Amount($)		Value($)
Money Market Fund (1.7%)
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(a)		765,629		765,629
Total Money Market Fund (Cost $765,629)				765,629
Total Investments (Cost $43,898,925) — 99.6%				44,766,572
Other assets in excess of liabilities — 0.4%				184,996
Net Assets — 100.0%			$	44,951,568

(a) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

See Notes to Financial Statements.

129

SCHEDULES OF PORTFOLIO INVESTMENTS

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U.S. Government Securities Ultra-Short Bond Fund

	Shares or Principal Amount($)		Value($)
Asset-Backed Security (0.1%)
Student Loan Asset-Backed Security (0.1%)
SMS Student Loan Trust, Series 1999-B, Cl A2, 0.793%, 04/30/29(a)		2,962,387		2,954,962
Total Asset-Backed Security (Cost $2,948,217)				2,954,962
Collateralized Mortgage Obligations (29.5%)
Agency Collateralized Mortgage Obligations (24.5%)
Federal Home Loan Bank, Series Y2-2015, Cl 1, 2.600%, 04/20/15		5,390,156		5,545,085
Federal Home Loan Mortgage Corporation, Series 2840, Cl LJ, 4.250%, 11/15/17		635,644		643,825
Federal Home Loan Mortgage Corporation, Series 2877, Cl WF, 0.642%, 10/15/34(a)		3,811,028		3,807,024
Federal Home Loan Mortgage Corporation, Series 2892, Cl F, 0.542%, 01/15/19(a)		1,743,642		1,744,775
Federal Home Loan Mortgage Corporation, Series 3000, Cl FG, 0.542%, 07/15/25(a)		5,217,694		5,200,960
Federal Home Loan Mortgage Corporation, Series 3135, Cl FC, 0.542%, 04/15/26(a)		4,292,696		4,286,376
Federal Home Loan Mortgage Corporation, Series 3232, Cl KF, 0.692%, 10/15/36(a)(b)		7,301,505		7,288,237
Federal Home Loan Mortgage Corporation, Series 3264, Cl FB, 0.612%, 01/15/37(a)		4,578,026		4,561,386
Federal Home Loan Mortgage Corporation, Series 3320, Cl FC, 0.412%, 05/15/37(a)(b)		9,518,401		9,468,968
Federal Home Loan Mortgage Corporation, Series 3450, Cl AF, 0.952%, 05/15/38(a)(b)		4,711,537		4,733,385

	Shares or Principal Amount($)		Value($)
Agency Collateralized Mortgage Obligations—continued
Federal Home Loan Mortgage Corporation, Series 3511, Cl FA, 1.242%, 02/15/39(a)(b)		18,394,232		18,645,437
Federal Home Loan Mortgage Corporation, Series 3574, Cl MA, 4.000%, 09/15/21		7,556,250		7,915,527
Federal Home Loan Mortgage Corporation, Series 3593, Cl F, 0.768%, 03/15/36(a)		8,698,817		8,741,437
Federal Home Loan Mortgage Corporation, Series 3812, Cl BE, 2.750%, 09/15/18		12,977,461		13,492,937
Federal Home Loan Mortgage Corporation, Series K501, Cl A1, 1.337%, 06/25/16(c)		25,355,000		25,354,214
Federal National Mortgage Association, Series 2002-M2, Cl C, 4.717%, 08/25/12		7,769,306		7,802,768
Federal National Mortgage Association, Series 2003-129, Cl GA, 4.680%, 04/25/30		1,853,377		1,864,655
Federal National Mortgage Association, Series 2003-32, Cl VT, 6.000%, 09/25/15		1,591,358		1,599,076
Federal National Mortgage Association, Series 2005-40, Cl FB, 0.492%, 05/25/35(a)		2,869,553		2,854,577
Federal National Mortgage Association, Series 2005-92, Cl UF, 0.592%, 10/25/25(a)		4,607,295		4,591,070
Federal National Mortgage Association, Series 2006-84, Cl FQ, 0.792%, 09/25/36(a)(b)		9,860,399		9,870,300
Federal National Mortgage Association, Series 2007-102, Cl FA, 0.812%, 11/25/37(a)(b)		9,580,016		9,608,164

See Notes to Financial Statements.

130

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

U.S. Government Securities Ultra-Short Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Agency Collateralized Mortgage Obligations—continued
Federal National Mortgage Association, Series 2007-109, Cl NF, 0.792%, 12/25/37(a)(b)		16,153,193		16,181,191
Federal National Mortgage Association, Series 2007-2, Cl FM, 0.492%, 02/25/37(a)		4,431,073		4,398,174
Federal National Mortgage Association, Series 2007-30, Cl WF, 0.482%, 04/25/37(a)		21,693,956		21,542,051
Federal National Mortgage Association, Series 2007-4, Cl DF, 0.687%, 02/25/37(a)(b)		3,871,011		3,862,570
Federal National Mortgage Association, Series 2007-54, Cl KF, 0.552%, 06/25/37(a)		8,497,477		8,450,159
Federal National Mortgage Association, Series 2007-88 CI JF, 0.792%, 04/25/37(a)(b)		8,661,739		8,671,271
Federal National Mortgage Association, Series 2008-12, Cl FE, 0.842%, 01/25/33(a)		3,695,424		3,698,724
Federal National Mortgage Association, Series 2008-18, Cl FE, 0.972%, 03/25/38(a)(b)		8,778,565		8,824,428
Federal National Mortgage Association, Series 2009-37, Cl HA, 4.000%, 04/25/19		450,275		475,957
Federal National Mortgage Association, Series 2009-M2, Cl A1, 2.387%, 01/25/19		5,267,755		5,378,088
Federal National Mortgage Association, Series 2010-134, Cl BF, 0.672%, 10/25/40(a)		19,118,366		19,080,726
Federal National Mortgage Association, Series 2010-42, Cl AF, 0.842%, 05/25/40(a)		17,314,046		17,351,211

	Shares or Principal Amount($)		Value($)
Agency Collateralized Mortgage Obligations—continued
Federal National Mortgage Association, Series 2011-38, Cl AH, 2.750%, 05/25/20		6,433,312		6,683,298
Federal National Mortgage Association, Series 2011-M1, Cl FA, 0.692%, 06/25/21(a)(b)		49,097,598		48,107,496
Government National Mortgage Association, Series 2005-67, Cl B, 4.751%, 10/16/26(a)		239,983		239,890
Government National Mortgage Association, Series 2010-66, Cl A, 1.869%, 09/16/27		12,754,999		12,847,128
Government National Mortgage Association, Series 2010-97, Cl A, 2.321%, 01/16/32		3,451,263		3,515,325
Mortgage-Linked Amortizing Notes, Series 2012-1, Cl A10, 2.060%, 01/15/22		24,378,234		24,650,151
NCUA Guaranteed Notes, Series 2010-R1, Cl 2A, 1.840%, 10/07/20		7,706,870		7,796,578
NCUA Guaranteed Notes, Series 2010-C1, Cl A1, 1.600%, 10/29/20		3,932,156		3,974,687
NCUA Guaranteed Notes, Series 2010-R1, Cl 1A, 0.693%, 10/07/20(a)		11,878,916		11,897,447
NCUA Guaranteed Notes, Series 2010-R2, Cl 1A, 0.613%, 11/06/17(a)		5,687,104		5,687,104
NCUA Guaranteed Notes, Series 2011-C1, Cl 2A, 0.773%, 03/09/21(a)(b)		33,187,313		33,207,225
NCUA Guaranteed Notes, Series 2011-R1, Cl 1A, 0.693%, 01/08/20(a)		14,182,699		14,207,093
NCUA Guaranteed Notes, Series 2011-R2, Cl 1A, 0.643%, 02/06/20(a)		1,569,759		1,569,021
NCUA Guaranteed Notes, Series 2011-R4, Cl 1A, 0.623%, 03/06/20(a)		25,425,705		25,409,941

See Notes to Financial Statements.

131

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

U.S. Government Securities Ultra-Short Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Agency Collateralized Mortgage Obligations—continued
NCUA Guaranteed Notes, Series 2011-R6, Cl 1A, 0.643%, 05/07/20(a)		20,345,310		20,345,310
				497,672,427
Agency Collateralized Planned Amortization Class Mortgage Obligations (3.7%)
Federal Home Loan Mortgage Corporation, Series 2575, Cl FG, 0.642%, 05/15/32(a)		1,431,464		1,432,037
Federal Home Loan Mortgage Corporation, Series 3200, Cl FP, 0.442%, 08/15/36(a)(b)		9,910,096		9,836,690
Federal National Mortgage Association, Series 2003-63, Cl FE, 0.642%, 10/25/31(a)		5,176,087		5,173,029
Federal National Mortgage Association, Series 2003-73, Cl DF, 0.692%, 10/25/32(a)		6,849,643		6,845,228
Federal National Mortgage Association, Series 2005-42, Cl PF, 0.442%, 05/25/35(a)		5,693,430		5,663,844
Federal National Mortgage Association, Series 2005-57, Cl EG, 0.542%, 03/25/35(a)		4,768,039		4,754,324
Federal National Mortgage Association, Series 2005-65, Cl WK, 5.500%, 11/25/31		2,218,337		2,233,194
Federal National Mortgage Association, Series 2006-123, Cl PF, 0.502%, 01/25/37(a)(b)		12,336,283		12,248,724
Federal National Mortgage Association, Series 2006-79, Cl GF, 0.642%, 08/25/36(a)(b)		26,995,424		26,964,396
				75,151,466
Commercial Mortgage Backed Security (1.2%)
FDIC Structured Sale Guaranteed Notes, Series 2011-C1, Cl A, 1.840%, 04/25/31(a)(b)(d)		23,932,796		24,219,439

	Shares or Principal Amount($)		Value($)
Whole Loan Collateral Mortgage Obligation (0.1%)
FDIC Structured Sale Guaranteed Notes, Series 2010-L2A, Cl A, 3.000%, 09/30/19(d)		3,236,384		3,255,689
Total Collateralized Mortgage Obligations (Cost $598,920,365)				600,299,021
U.S. Government Agency (2.5%)
Federal Home Loan Bank (2.5%)
0.010%, 04/27/12		50,000,000		49,999,300
Total U.S. Government Agency (Cost $49,998,250)				49,999,300
U.S. Government Agency Mortgages (64.8%)
Federal Home Loan Mortgage Corporation (20.8%)
Pool #972122, 2.225%, 06/01/33(a)		47,267		47,493
Pool #847615, 2.563%, 07/01/33(a)		8,109,393		8,624,068
Pool # 781028, 2.349%, 11/01/33(a)		5,082,684		5,364,621
Pool #847276, 2.531%, 04/01/34(a)		552,849		586,101
Pool #1B8683, 2.735%, 04/01/34(a)		26,558,446		28,461,409
Pool #847522, 2.760%, 05/01/34(a)		200,205		210,555
Pool #1B1889, 2.544%, 07/01/34(c)		36,312,250		38,770,757
Pool #847308, 2.549%, 07/01/34(a)		362,068		382,008
Pool #1G0077, 2.732%, 02/01/35(a)		174,996		186,854
Pool #847404, 3.580%, 04/01/35(a)		5,252,945		5,576,320
Pool #1B2282, 5.090%, 07/01/35(a)		2,855,624		3,039,948
Pool #1H2511, 4.921%, 08/01/35(a)		10,222,028		10,765,310
Pool #1L0256, 2.375%, 11/01/35(a)		7,285,731		7,698,778
Pool #1H2581, 2.370%, 01/01/36(a)		8,701,121		9,151,240
Pool #1Q0061, 2.526%, 03/01/36(a)		5,430,435		5,800,615
Pool #848154, 2.882%, 06/01/36(a)		9,811,438		10,478,184
Pool #1N0169, 2.331%, 07/01/36(a)		834,869		892,897

See Notes to Financial Statements.

132

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

U.S. Government Securities Ultra-Short Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Federal Home Loan Mortgage Corporation—continued
Pool #1Q0852, 2.466%, 07/01/36(a)		13,771,349		14,600,607
Pool #1Q0140, 2.485%, 08/01/36(a)		3,131,467		3,349,115
Pool #1B7142, 2.599%, 09/01/36(a)		1,456,337		1,562,523
Pool #1J0129, 2.600%, 09/01/36(a)		1,312,836		1,402,112
Pool #848153, 2.711%, 10/01/36(a)		2,875,579		3,079,676
Pool #847935, 2.773%, 11/01/36(a)		16,019,471		17,106,698
Pool #1G2555, 2.904%, 11/01/36(a)		5,492,557		5,822,706
Pool #848133, 4.537%, 11/01/36(a)		3,474,531		3,677,734
Pool #848569, 4.817%, 11/01/36(a)		32,889,046		34,619,383
Pool #1G2585, 3.054%, 12/01/36(a)		210,760		224,578
Pool #1Q0853, 2.591%, 01/01/37(a)		14,152,563		15,137,794
Pool #1J0331, 2.891%, 03/01/37(a)		1,041,848		1,117,319
Pool #1G1676, 5.452%, 04/01/37(a)		306,549		330,723
Pool #1Q1195, 2.454%, 05/01/37(a)		29,967,447		32,005,952
Pool #848048, 3.750%, 05/01/37(a)		4,139,814		4,418,244
Pool #1J0533, 2.617%, 07/01/37(a)		38,009		40,814
Pool #1Q1282, 3.179%, 07/01/37(a)		6,676,815		7,130,982
Pool #1N1664, 5.927%, 07/01/37(a)		8,116,315		8,704,019
Pool #1J0681, 5.932%, 10/01/37(a)		9,083,806		9,744,107
Pool #1Q0652, 4.316%, 02/01/38(a)		4,427,657		4,658,733
Pool #1Q1266, 3.528%, 11/01/38(a)		85,021,433		90,531,334
Pool #1Q1039, 4.700%, 03/01/39(a)		5,611,925		6,020,075
Pool #1Q1016, 4.543%, 04/01/39(a)		6,132,024		6,542,302
Pool #1B4755, 3.485%, 06/01/40(a)		12,652,846		13,278,251
				421,142,939

	Shares or Principal Amount($)		Value($)
Federal National Mortgage Association (44.0%)
Pool #545708, 5.979%, 05/01/12		115,012		114,952
Pool #385082, 6.180%, 05/01/12		4,335,208		4,347,554
Pool #385284, 5.610%, 07/01/12		108,168		108,096
Pool #385290, 5.780%, 07/01/12		1,411,937		1,426,654
Pool #545745, 6.053%, 07/01/12		434,273		442,137
Pool #555088, 6.316%, 08/01/12		488,539		488,127
Pool #385520, 5.410%, 09/01/12		289,335		290,292
Pool #385395, 5.530%, 09/01/12		1,699,044		1,704,736
Pool #545987, 5.835%, 09/01/12		651,265		650,772
Pool #545892, 5.299%, 10/01/12		351,898		351,705
Pool #375459, 6.775%, 10/01/12		2,295,303		2,303,235
Pool #313755, 7.000%, 10/01/12		3,901		3,906
Pool #545978, 4.764%, 11/01/12		1,313,884		1,313,271
Pool #545938, 5.136%, 11/01/12		1,038,677		1,042,084
Pool #385578, 5.450%, 11/01/12		2,270,000		2,271,054
Pool #375493, 6.925%, 11/01/12		1,689,514		1,702,414
Pool #555058, 4.719%, 12/01/12		1,870,505		1,869,624
Pool #873198, 5.150%, 12/01/12		1,372,682		1,371,475
Pool #555162, 4.826%, 01/01/13		2,924,408		2,961,105
Pool #385683, 4.830%, 02/01/13		4,241,117		4,306,967
Pool #385921, 4.830%, 02/01/13		188,852		191,184
Pool #555264, 4.859%, 02/01/13		993,397		1,003,220
Pool #555191, 4.864%, 02/01/13		1,495,127		1,518,830
Pool #873294, 5.100%, 02/01/13		1,757,511		1,798,827
Pool #385998, 4.635%, 03/01/13		380,620		386,286

See Notes to Financial Statements.

133

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

U.S. Government Securities Ultra-Short Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Federal National Mortgage Association—continued
Pool #555317, 4.880%, 04/01/13		2,176,505		2,218,103
Pool #873590, 5.470%, 04/01/13		361,553		370,742
Pool #555435, 4.501%, 05/01/13		154,676		157,004
Pool #555505, 4.662%, 05/01/13		155,255		156,797
Pool #386210, 4.080%, 06/01/13		4,239,239		4,326,832
Pool #386287, 4.115%, 06/01/13		8,486,834		8,749,952
Pool #555648, 4.541%, 06/01/13		157,229		160,061
Pool #873612, 5.770%, 06/01/13		1,255,499		1,296,890
Pool #386314, 3.790%, 07/01/13		4,046,460		4,132,368
Pool #386424, 4.190%, 07/01/13		333,887		343,627
Pool #386380, 4.210%, 07/01/13		355,821		364,362
Pool #386441, 4.220%, 08/01/13		119,237		122,734
Pool #735065, 4.469%, 08/01/13		356,603		361,919
Pool #360500, 6.255%, 09/01/13		34,425,000		36,398,807
Pool #555910, 4.919%, 10/01/13(b)		5,992,272		6,183,773
Pool #555806, 5.159%, 10/01/13		3,245,941		3,375,262
Pool #555850, 4.818%, 11/01/13		653,358		679,862
Pool #725324, 5.391%, 11/01/13		1,033,570		1,065,777
Pool #380935, 6.250%, 12/01/13		507,392		524,210
Pool #AD0192, 4.721%, 01/01/14		3,016,077		3,157,401
Pool #386742, 4.870%, 01/01/14		4,795,693		5,032,405
Pool # 386802, 4.900%, 01/01/14		5,101,746		5,337,884
Pool #958216, 5.370%, 01/01/14		2,956,164		3,112,086
Pool # 958368, 4.710%, 03/01/14		13,359,064		14,066,816
Pool #386925, 4.360%, 04/01/14		432,676		453,755

	Shares or Principal Amount($)		Value($)
Federal National Mortgage Association—continued
Pool #958806, 3.850%, 05/01/14		959,598		1,004,802
Pool #958789, 3.920%, 06/01/14		8,363,386		8,782,242
Pool #462846, 4.150%, 07/01/14		1,825,400		1,926,596
Pool #735028, 5.734%, 09/01/14		4,326,042		4,706,197
Pool #375190, 7.440%, 11/01/14		3,085,349		3,113,453
Pool #387302, 4.700%, 03/01/15		495,791		533,887
Pool #735387, 4.893%, 04/01/15		186,897		204,437
Pool #387352, 5.160%, 04/01/15		231,987		252,063
Pool #735675, 4.988%, 06/01/15		4,752,646		5,175,197
Pool #387486, 4.700%, 07/01/15		714,107		720,284
Pool #735953, 4.997%, 08/01/15		23,895		26,462
Pool #462011, 5.155%, 08/01/15		84,773		92,380
Pool #465821, 2.900%, 09/01/15		1,073,814		1,131,056
Pool #462018, 5.365%, 09/01/15		404,803		442,789
Pool #466534, 2.040%, 11/01/15		655,000		675,520
Pool #462085, 5.315%, 11/01/15		4,529,706		5,071,415
Pool #387740, 5.245%, 12/01/15		1,182,642		1,299,869
Pool #745504, 5.152%, 02/01/16		13,456,469		15,001,783
Pool #745530, 5.273%, 04/01/16		130,924		146,459
Pool #745727, 5.260%, 05/01/16		275,513		303,186
Pool #380240, 6.590%, 05/01/16		894,274		928,912
Pool #468647, 2.260%, 07/01/16		17,930,000		18,547,883
Pool #462237, 5.525%, 07/01/16		161,657		179,211
Pool #745764, 5.724%, 07/01/16		466,342		529,276
Pool #468795, 2.470%, 08/01/16		15,200,000		15,832,779

See Notes to Financial Statements.

134

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

U.S. Government Securities Ultra-Short Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Federal National Mortgage Association—continued
Pool #463420, 4.050%, 09/01/16		6,489,290		6,878,005
Pool #888015, 5.543%, 11/01/16		603,663		671,868
Pool #469673, 2.080%, 12/01/16		4,955,000		5,090,126
Pool #470340, 2.090%, 01/01/17		4,659,876		4,784,654
Pool #735745, 4.989%, 01/01/17		81,778		88,254
Pool #888969, 5.932%, 11/01/17		3,060,378		3,446,136
Pool #931675, 5.500%, 01/01/18(b)		3,411,308		3,719,845
Pool #469178, 0.695%, 09/01/18(a)		14,616,992		14,720,547
Pool #469334, 0.695%, 10/01/18(a)		12,790,000		12,881,540
Pool #469482, 1.096%, 10/01/18(a)		13,420,000		13,517,763
Pool #469408, 1.015%, 11/01/18(a)		35,335,000		35,586,459
Pool #466804, 0.845%, 12/01/20(a)		13,370,000		13,439,705
Pool #470556, 0.972%, 12/01/20(a)		21,070,000		21,182,893
Pool #995426, 5.500%, 09/01/21		8,015,415		8,745,380
Pool #469386, 0.886%, 10/01/21(a)		30,015,000		29,968,081
Pool #469856, 1.055%, 12/01/21(a)		17,690,000		17,776,318
Pool #995434, 5.000%, 09/01/23		5,405,089		5,866,954
Pool #635082, 2.318%, 05/01/32(a)		141,130		148,459
Pool #604921, 2.142%, 10/01/32(a)		116,442		122,066
Pool #671993, 2.368%, 12/01/32(a)		15,796		16,121
Pool #AE0044, 5.062%, 03/01/33(a)		3,218,398		3,418,127
Pool #689966, 2.385%, 04/01/33(a)		1,106,636		1,171,705
Pool #555468, 2.318%, 05/01/33(a)		317,118		336,096
Pool #711466, 2.755%, 05/01/33(a)		32,953		33,277
Pool #733703, 2.352%, 08/01/33(a)		4,268,793		4,539,039

	Shares or Principal Amount($)		Value($)
Federal National Mortgage Association—continued
Pool #555756, 4.628%, 08/01/33(a)		3,354,782		3,640,822
Pool #555844, 2.319%, 10/01/33(a)		362,925		383,168
Pool #386320, 4.550%, 10/01/33		185,405		193,318
Pool #725126, 2.787%, 12/01/33(a)		2,724,846		2,871,584
Pool #793025, 2.248%, 07/01/34(a)		723,816		768,981
Pool #AL0222, 2.386%, 07/01/34(a)		22,945,901		24,227,774
Pool #801510, 2.242%, 08/01/34(a)		1,867,130		1,978,254
Pool #794939, 1.760%, 10/01/34(a)		29,274		29,951
Pool #813565, 2.154%, 12/01/34(a)		6,361,784		6,653,463
Pool #745707, 2.441%, 12/01/34(a)		15,308,392		16,307,197
Pool #AD0064, 2.105%, 01/01/35(a)		17,686,048		18,813,153
Pool #805338, 2.201%, 01/01/35(a)		178,461		187,208
Pool #809384, 2.215%, 01/01/35(a)		421,849		441,947
Pool #813718, 2.312%, 01/01/35(a)		12,908,245		13,577,351
Pool #809772, 2.278%, 02/01/35(a)(b)		427,467		440,515
Pool #820598, 2.011%, 03/01/35(a)		871,009		916,848
Pool #814686, 2.224%, 03/01/35(a)		255,888		258,156
Pool #735545, 2.468%, 03/01/35(a)		4,903,996		5,196,063
Pool #995609, 2.608%, 04/01/35(a)		4,358,592		4,660,602
Pool #822302, 2.784%, 05/01/35(a)		1,057,092		1,130,187
Pool #821373, 5.255%, 06/01/35(a)		1,486,086		1,576,447
Pool #735766, 4.262%, 07/01/35(a)		1,642,578		1,740,491
Pool #735810, 2.938%, 08/01/35(a)		1,767,021		1,873,482
Pool #829334, 2.371%, 09/01/35(a)		132,547		140,947
Pool #817467, 5.145%, 09/01/35(a)		4,764,553		5,077,158

See Notes to Financial Statements.

135

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

U.S. Government Securities Ultra-Short Bond Fund — concluded

	Shares or Principal Amount($)		Value($)
Federal National Mortgage Association—continued
Pool # AL0505, 2.502%, 11/01/35(a)		19,181,468		20,405,501
Pool # AD0377, 2.218%, 01/01/36(a)		3,491,012		3,701,564
Pool # 995540, 2.368%, 01/01/36(a)(b)		9,342,323		9,879,801
Pool # 995542, 2.433%, 02/01/36(a)		4,627,942		4,934,999
Pool # AL0854, 2.611%, 06/01/36(a)		12,413,945		13,235,094
Pool # AL1535, 2.701%, 06/01/36(a)		29,766,712		31,931,214
Pool # 745691, 4.091%, 06/01/36(a)		9,926,957		10,499,518
Pool # AE0329, 4.745%, 06/01/36(a)		3,345,339		3,543,293
Pool # 888859, 2.563%, 10/01/36(a)(b)		1,469,422		1,568,678
Pool # 745975, 2.299%, 11/01/36(a)		4,692,190		4,958,285
Pool # AA3517, 2.358%, 11/01/36(a)		10,357,184		11,030,911
Pool # 903166, 2.400%, 11/01/36(a)		3,533,849		3,747,300
Pool # 917290, 2.423%, 11/01/36(a)		4,553,153		4,855,136
Pool # 909313, 2.176%, 12/01/36(a)		1,726,636		1,832,050
Pool # AL0968, 2.557%, 12/01/36(a)		29,397,091		31,475,255
Pool # 905857, 2.635%, 12/01/36(a)		237,861		255,388
Pool # 888180, 2.571%, 01/01/37(a)		3,049,449		3,225,546
Pool # 906216, 2.626%, 01/01/37(a)		2,871,545		3,071,457
Pool # 535990, 2.442%, 04/01/37(a)		1,027,783		1,091,087
Pool # AA3518, 2.373%, 05/01/37(a)		14,410,369		15,348,575
Pool # AL0872, 2.397%, 07/01/37(a)		5,713,785		6,101,229
Pool # AL0960, 3.118%, 07/01/37(a)		32,438,280		34,368,099
Pool # 995059, 4.746%, 08/01/37(a)		3,123,745		3,299,875
Pool # AD0380, 2.470%, 10/01/37(a)		12,717,197		13,557,679
Pool # AL0966, 3.184%, 11/01/37(a)		9,174,761		9,733,902

	Shares or Principal Amount($)		Value($)
Federal National Mortgage Association—continued
Pool # AE0332, 3.552%, 11/01/37(a)		10,299,373		10,863,225
Pool # AL0967, 2.557%, 04/01/38(a)		27,890,259		29,855,462
Pool # 976778, 4.475%, 04/01/38(a)		9,635,338		10,307,902
Pool # AE0107, 5.232%, 10/01/38(a)		6,638,193		7,148,541
Pool # AE0279, 4.679%, 11/01/38(a)		2,882,425		3,091,257
Pool # AE0057, 3.342%, 02/01/39(a)		10,894,816		11,574,416
Pool # 725874, 2.418%, 09/01/39(a)		126,217		133,506
Pool # AE0066, 2.619%, 09/01/39(a)		30,598,155		32,322,990
				896,929,294
Total U.S. Government Agency Mortgages (Cost $1,292,237,722)				1,318,072,233
Money Market Fund (8.0%)
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 0.00%(e)		162,888,386		162,888,386
Total Money Market Fund (Cost $162,888,386)				162,888,386
Total Investments (Cost $2,106,992,940) — 104.9%				2,134,213,902
Liabilities in excess of other assets — (4.9)%				(100,448,963	)
Net Assets — 100.0%			$	2,033,764,939

(a) Variable or floating rate security. Rate disclosed is as of March 31, 2012.

(b) All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments.

(c) All or a portion of this security has been purchased on a when-issued or delayed-delivery basis.

(d) Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 1.4% of net assets as of March 31, 2012.

(e) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

See Notes to Financial Statements.

136

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Virginia Intermediate Municipal Bond Fund

	Shares or Principal Amount($)		Value($)
Municipal Bonds (96.8%)
District of Columbia (4.6%)
Metropolitan Washington D.C. Airports Authority, Airport System, Series A, RB, 5.000%, 10/01/29		2,500,000		2,754,400
Metropolitan Washington D.C. Airports Authority, Airport System, Series B, RB, 5.000%, 10/01/26, BHAC		2,175,000		2,411,335
Washington D.C. Metropolitan Area Transit Authority, Gross Revenue, Series A, RB, 5.125%, 07/01/32		2,000,000		2,203,780
				7,369,515
Puerto Rico (1.7%)
Puerto Rico Commonwealth Aqueduct & Sewer Authority, Series A, RB, 5.125%, 07/01/37		1,000,000		975,710
Puerto Rico Sales Tax Financing Corp., Sales Tax Revenue, Series C, RB, 5.000%, 08/01/22		1,500,000		1,763,745
				2,739,455
Virginia (90.5%)
Arlington County, GO, 5.000%, 03/15/15(a)		4,500,000		5,094,180
Bedford County Economic Development Authority, Public Facilities Lease, RB, 5.250%, 05/01/24, NATL-RE		2,890,000		3,302,027
Chesapeake Water & Sewer, GO, 5.000%, 12/01/19		2,465,000		2,754,662
Fairfax County Economic Development Authority, RB, 5.000%, 08/01/22		3,700,000		4,389,569
Fairfax County Economic Development Authority, Lease Revenue, RB, 5.000%, 05/15/18		1,770,000		2,110,070
Fairfax County Water Authority, RB, 5.000%, 04/01/26		1,535,000		1,858,854
Fauquier County, GO, 5.000%, 07/01/19, Pre-refunded 07/01/2016 @ 100, NATL-RE		2,100,000		2,469,957

	Shares or Principal Amount($)		Value($)
Virginia—continued
Greater Richmond Convention Center Authority, Hotel Tax, RB, 5.000%, 06/15/16, NATL-RE		2,855,000		3,165,367
Hampton, Series A, GO, 5.000%, 01/15/20		1,000,000		1,206,810
Hampton Roads Sanitation District Wastewater, RB, 5.000%, 04/01/23		1,060,000		1,217,537
Hampton Roads Sanitation District Wastewater, RB, 5.000%, 04/01/24		2,425,000		2,775,170
Hanover County Development Authority, Regional Medical Care Project, RB, 6.375%, 08/15/18, NATL-RE		5,495,000		6,161,159
Henrico County Economic Development Authority, Residential Care Facilities, Series A, RB, 6.500%, 06/01/22, MSF		980,000		982,881
Henry County Public Service Authority, Water & Sewer, RB, 5.250%, 11/15/13, MSF, AGM		1,500,000		1,616,760
James City County Economic Development Authority, Public Facility Project, RB, 5.000%, 06/15/21, AGM		2,215,000		2,492,982
Loudoun County Industrial Development Authority, Series A, RB, 5.000%, 06/01/31		2,000,000		2,241,820
Loudoun County Sanitation Authority, Water & Sewage, RB, 5.000%, 01/01/21		2,460,000		3,067,694
Loudoun County Sanitation Authority, Water & Sewage, RB, 5.000%, 01/01/25, Pre-refunded 01/01/2015 @ 100		1,000,000		1,102,580
Loudoun County, Public Improvement, GO, 5.000%, 06/01/14		3,500,000		3,849,650

See Notes to Financial Statements.

137

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Virginia Intermediate Municipal Bond Fund — continued

	Shares or Principal Amount($)		Value($)
Virginia—continued
New Kent County Economic Development Authority, School & Governmental Projects, RB, 5.000%, 02/01/18, AGM		2,225,000		2,570,832
Newport News, GO, 5.250%, 07/01/15(a)		3,000,000		3,450,780
Norfolk, Series C, GO, 5.000%, 04/01/16		1,105,000		1,285,800
Norfolk Water Revenue, RB, 5.000%, 11/01/29(b)		785,000		914,062
Norfolk Water Revenue, RB, 5.000%, 11/01/31(b)		500,000		576,580
Peninsula Ports Authority, Residential Care Facility, Series A, RB, 7.375%, 12/01/23, Pre-refunded 12/01/2013 @ 100		3,520,000		3,927,440
Pittsylvania County, GO, 5.000%, 03/01/21		1,000,000		1,197,970
Pittsylvania County, Series B, GO, 5.000%, 03/01/22		1,000,000		1,182,930
Portsmouth, Series A, GO, 5.000%, 07/15/31		1,750,000		2,017,645
Portsmouth, Series B, GO, 5.250%, 07/15/24		1,000,000		1,184,350
Portsmouth, Series D, GO, 5.000%, 07/15/23		1,250,000		1,494,763
Powhatan County, GO, 5.000%, 01/15/32		1,580,000		1,768,905
Richmond, GO, 5.000%, 07/15/24, AGM		1,435,000		1,639,301
Richmond, Series B, GO, 5.000%, 07/15/18		2,000,000		2,436,720
Richmond Industrial Development Authority, Government Facilities, RB, 5.000%, 07/15/18, AMBAC		1,795,000		1,972,256
Roanoke, GO, 5.000%, 10/01/18		2,450,000		2,979,396
Roanoke, Series B, GO, 5.000%, 02/01/24, Pre-refunded 02/01/2015 @ 101		2,500,000		2,836,325
Roanoke Economic Development Authority, Hospital Revenue, RB, 5.000%, 07/01/27		1,000,000		1,095,710

	Shares or Principal Amount($)		Value($)
Virginia—continued
Roanoke Economic Development Authority, Hospital Revenue, RB, 5.000%, 07/01/30		500,000		540,375
Smyth County Industrial Development Authority, Mountain States Health Alliance, RB, 5.000%, 07/01/23		1,000,000		1,048,490
Tobacco Settlement Financing Corp., RB, 5.500%, 06/01/26, Pre-refunded 06/01/2015 @ 100, MSF		4,940,000		5,400,507
Virginia Beach, Public Improvement, Series C, GO, 5.000%, 09/15/16		2,325,000		2,751,730
Virginia College Building Authority, Educational Facilities Project, Series B, RB, 5.000%, 03/01/21		1,250,000		1,538,175
Virginia College Building Authority, Educational Facilities Project, Washington & Lee University, RB, 5.375%, 01/01/21, MSF		3,950,000		4,763,858
Virginia College Building Authority, Public Higher Educational Financing Program, Series A, RB, 5.000%, 09/01/17		3,000,000		3,494,430
Virginia College Building Authority, Public Higher Educational Financing Program, Series A, RB, 5.000%, 09/01/27		5,000,000		5,638,900
Virginia Commonwealth University, Health System Authority, RB, 5.000%, 07/01/30		1,460,000		1,577,764
Virginia Housing Development Authority, Commonwealth Mortgage, Series A-1, RB, 3.650%, 01/01/18, GO		1,205,000		1,301,749
Virginia Housing Development Authority, Commonwealth Mortgage, Series E, RB, 6.000%, 07/01/25, GO of Authority		2,450,000		2,728,565

See Notes to Financial Statements.

138

SCHEDULES OF PORTFOLIO INVESTMENTS

RIDGEWORTH FUNDS    March 31, 2012

Virginia Intermediate Municipal Bond Fund — concluded

	Shares or Principal Amount($)		Value($)
Virginia—continued
Virginia Public Building Authority Facilities, Series A, RB, 5.000%, 08/01/26		2,500,000		2,943,175
Virginia Public Building Authority Facilities, Series B, RB, 5.000%, 08/01/20		4,000,000		4,868,840
Virginia Public School Authority, School Financing, RB, 5.000%, 07/15/26		2,000,000		2,265,040
Virginia Resources Authority, Clean Water State Revolving Fund, Series B, RB, 5.000%, 10/01/30		1,000,000		1,187,900
Virginia Resources Authority, Clean Water State Revolving Fund, RB, 5.000%, 10/01/20		2,000,000		2,340,280
Virginia Resources Authority, Clean Water State Revolving Fund, RB, 5.000%, 10/01/27		2,065,000		2,454,253
Virginia Resources Authority Clean Water, Revolving Fund, RB, 5.000%, 10/01/16		2,030,000		2,397,938
Virginia Resources Authority Infrastructure, Pooled Financing Program, Series A, RB, 5.000%, 11/01/18		2,775,000		3,401,595
Virginia State, Series A, GO, 5.000%, 06/01/19, Pre-refunded 06/01/2014 @ 100		3,170,000		3,486,620

	Shares or Principal Amount($)		Value($)
Virginia—continued
Winchester, GO, 5.000%, 11/01/18, Pre-refunded 11/01/2015 @ 100, NATL-RE/FGIC		2,000,000		2,309,660
				144,831,338
Total Municipal Bonds (Cost $143,004,244)				154,940,308
Money Market Fund (3.3%)
Federated Virginia Municipal Cash Trust, Institutional Share, 0.01%(c)		5,268,179		5,268,179
Total Money Market Fund (Cost $5,268,179)				5,268,179
Total Investments (Cost $148,272,423) — 100.1%				160,208,487
Liabilities in excess of other assets — (0.1)%				(100,463	)
Net Assets — 100.0%			$	160,108,024

(a) All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments.

(b) All or a portion of this security has been purchased on a when-issued or delayed-delivery basis.

(c) Rate disclosed, the 7 day net yield, is as of March 31, 2012.

Investment Abbreviations

AGM	—	Security guaranteed by Assured Guaranty Municipal Corporation
AMBAC	—	Security guaranteed by American Municipal Bond Assurance Corporation
BHAC	—	Security guaranteed by Berkshire Hathaway Assurance Corporation
FGIC	—	Security guaranteed by Financial Guaranty Insurance Company
GO	—	General Obligation
MSF	—	Mandatory Sinking Fund
NATL-RE	—	Reinsurance provided by National Public Finance Guarantee Corporation
RB	—	Revenue Bond

See Notes to Financial Statements.

139

STATEMENTS OF ASSETS AND LIABILITIES

RIDGEWORTH FUNDS    March 31, 2012

	Core Bond Fund			Corporate Bond Fund			Georgia Tax-Exempt Bond Fund			High Grade Municipal Bond Fund			High Income Fund
Assets:
Total Investments, at Cost	$	475,354,636		$	73,507,874		$	140,584,500		$	45,448,355		$	757,891,080
Total Investments, at Value*	$	484,917,467		$	77,895,407		$	150,656,386		$	49,487,260		$	756,420,395
Interest and Dividends Receivable		2,779,361			881,015			1,600,944			598,147			11,468,592
Securities Lending Income Receivable		—			15			—			—			17,839
Receivable for Capital Shares Issued		1,003,055			47,558			24,261			93,324			1,915,181
Receivable for Investment Securities Sold		9,009,381			2,175,518			—			1,840,255			6,035,240
Receivable for Investment Securities Sold on a When-issued Basis		8,326,180			—			1,005,794			1,945,280			701,984
Prepaid Expenses and Other Assets		26,786			26,865			8,896			15,667			47,712
Total Assets		506,062,230			81,026,378			153,296,281			53,979,933			776,606,943
Liabilities:
Payable for Investment Securities Purchased		4,689,896			437,817			—			—			7,121,474
Payable for Investment Securities Purchased on a When-issued Basis		33,897,150			647,173			2,088,096			2,722,398			16,435,937
Payable for Capital Shares Redeemed		507,742			16,254			628,969			1,266			1,451,911
Payable Upon Return of Securities Loaned		—			—			—			—			54,246,646
Income Distributions Payable		151,044			19,258			405,913			103,381			736,404
Investment Advisory Fees Payable		95,791			26,261			70,536			23,288			340,285
Administration Fees Payable		6,293			1,105			2,097			658			9,053
Fund Accounting Fees Payable		6,447			1,349			2,657			869			9,833
Transfer Agency Fees Payable		5,381			1,262			691			905			22,587
Compliance and Fund Services Fees Payable		7,370			1,229			2,446			805			10,795
Distribution and Service Fees Payable		7,999			16,604			535			886			33,394
Shareholder Servicing Fees Payable		47,645			2,878			—			—			323
Custodian Fees Payable		3,833			2,034			1,440			1,275			4,767
Other Accrued Expenses		22,081			8,247			9,718			5,534			30,613
Total Liabilities		39,448,672			1,181,471			3,213,098			2,861,265			80,454,022
Total Net Assets	$	466,613,558		$	79,844,907		$	150,083,183		$	51,118,668		$	696,152,921
Net Assets Consist of:
Capital	$	455,074,097		$	75,084,702		$	146,120,467		$	46,155,503		$	700,695,729
Accumulated Net Investment Income (Loss)		(562,787	)		(214,429	)		190,857			(7,124	)		(351,835	)
Accumulated Net Realized Gain (Loss) from Investments, Swap and Foreign Currency Transactions		2,539,417			587,101			(6,300,027	)		931,384			(2,720,288	)
Net Unrealized Appreciation (Depreciation) on Investments		9,562,831			4,387,533			10,071,886			4,038,905			(1,470,685	)
Net Assets	$	466,613,558		$	79,844,907		$	150,083,183		$	51,118,668		$	696,152,921
Net Assets:
I Shares	$	439,017,393		$	57,203,104		$	145,802,829		$	42,963,298		$	576,625,705
A Shares		21,644,262			4,324,875			4,280,354			8,155,370			99,210,156
C Shares		—			18,316,928			—			—			—
R Shares		5,951,903			—			—			—			20,317,060
Shares Outstanding (unlimited number of shares authorized, no par value)
I Shares		39,560,596			6,116,358			13,814,640			3,590,921			83,682,899
A Shares		1,950,662			460,208			404,908			681,327			14,387,133
C Shares		—			1,958,679			—			—			—
R Shares		535,981			—			—			—			2,947,223
Net Asset Value and Redemption Price Per Share:
I Shares	$	11.10		$	9.35		$	10.55		$	11.96		$	6.89
A Shares		11.10			9.40			10.57			11.97			6.90
C Shares(a)		—			9.35			—			—			—
R Shares		11.10			—			—			—			6.89
Offering Price per Share (100%/(100%-maximum sales charge x net asset value) of net asset value adjusted to the nearest cent):
A Shares	$	11.65		$	9.87		$	11.10		$	12.57		$	7.24
Maximum Sales Charge — A Shares		4.75	%		4.75	%		4.75	%		4.75	%		4.75	%

* Investments include securities on loan of $-, $-, $-, $- and $52,185,362, respectively.

(a) Redemption price per share varies based on length of time shares are held.

See Notes to Financial Statements.

140

STATEMENTS OF ASSETS AND LIABILITIES

RIDGEWORTH FUNDS    March 31, 2012

	Intermediate Bond Fund			Investment Grade Tax-Exempt Bond Fund			Limited Duration Fund			Limited-Term Federal Mortgage Securities Fund			North Carolina Tax-Exempt Bond Fund
Assets:
Total Investments, at Cost	$	1,235,992,279		$	961,427,750		$	15,980,470		$	41,454,694		$	49,125,497
Total Investments, at Value*	$	1,274,581,911		$	1,007,389,351		$	16,003,151		$	42,472,233		$	52,238,024
Interest and Dividends Receivable		7,360,916			9,140,935			4,608			117,515			550,803
Securities Lending Income Receivable		1,402			—			—			—			—
Receivable for Capital Shares Issued		585,919			1,659,435			—			7,849			87,704
Receivable for Investment Securities Sold		2,874,790			25,932,970			—			2,958,303			—
Receivable for Investment Securities Sold on a When-issued Basis		—			17,026,450			—			2,001,574			338,489
Prepaid Expenses and Other Assets		43,199			33,624			4,705			25,088			8,752
Total Assets		1,285,448,137			1,061,182,765			16,012,464			47,582,562			53,223,772
Liabilities:
Payable for Investment Securities Purchased		12,694,839			10,122,241			—			—			—
Payable for Investment Securities Purchased on a When-issued Basis		63,540,701			60,704,871			—			9,117,014			2,021,419
Payable for Capital Shares Redeemed		685,282			617,873			—			72,900			268
Payable Upon Return of Securities Loaned		787,930			—			—			—			—
Income Distributions Payable		988,332			666,091			2,755			18,040			123,285
Investment Advisory Fees Payable		245,804			406,910			1,355			12,726			23,774
Administration Fees Payable		16,499			13,521			218			521			705
Fund Accounting Fees Payable		21,059			16,277			328			780			874
Transfer Agency Fees Payable		11,333			8,656			148			1,912			350
Compliance and Fund Services Fees Payable		19,598			15,916			258			638			828
Distribution and Service Fees Payable		2,702			9,565			—			7,268			96
Shareholder Servicing Fees Payable		100,691			84,556			—			1,406			—
Custodian Fees Payable		4,386			3,036			964			1,626			1,154
Other Accrued Expenses		53,051			44,135			4,089			5,085			5,952
Total Liabilities		79,172,207			72,713,648			10,115			9,239,916			2,178,705
Total Net Assets	$	1,206,275,930		$	988,469,117		$	16,002,349		$	38,342,646		$	51,045,067
Net Assets Consist of:
Capital	$	1,161,034,093		$	925,975,786		$	17,494,276		$	52,885,475		$	48,784,714
Accumulated Net Investment Income (Loss)		(1,845,583	)		(224,204	)		(2,487	)		(36,534	)		(63,096	)
Accumulated Net Realized Gain (Loss) from Investments and Swap Transactions		8,497,788			16,755,934			(1,512,121	)		(15,523,834	)		(789,078	)
Net Unrealized Appreciation (Depreciation) on Investments		38,589,632			45,961,601			22,681			1,017,539			3,112,527
Net Assets	$	1,206,275,930		$	988,469,117		$	16,002,349		$	38,342,646		$	51,045,067
Net Assets:
I Shares	$	1,194,207,343		$	950,629,418		$	16,002,349		$	24,688,089		$	50,412,055
A Shares		11,319,735			37,839,699			—			6,278,676			633,012
C Shares		—			—			—			7,375,881			—
R Shares		748,852			—			—			—			—
Shares Outstanding (unlimited number of shares authorized, no par value)
I Shares		114,259,570			76,126,227			1,639,309			2,226,225			4,812,974
A Shares		1,082,657			3,026,656			—			567,256			60,586
C Shares		—			—			—			665,057			—
R Shares		71,645			—			—			—			—
Net Asset Value and Redemption Price Per Share:
I Shares	$	10.45		$	12.49		$	9.76		$	11.09		$	10.47
A Shares		10.46			12.50			—			11.07			10.45
C Shares(a)		—			—			—			11.09			—
R Shares		10.45			—			—			—			—
Offering Price per Share (100%/(100%-maximum sales charge x net asset value) of net asset value adjusted to the nearest cent):
A Shares	$	10.98		$	13.12		$	—		$	11.35		$	10.97
Maximum Sales Charge — A Shares		4.75	%		4.75	%		—			2.50	%		4.75	%

* Investments include securities on loan of $771,980, $-, $-, $- and $-, respectively.

(a) Redemption price per share varies based on length of time shares are held.

See Notes to Financial Statements.

141

STATEMENTS OF ASSETS AND LIABILITIES

RIDGEWORTH FUNDS    March 31, 2012

	Seix Floating Rate High Income Fund			Seix High Yield Fund			Short-Term Bond Fund			Short-Term Municipal Bond  Fund†			Short-Term U.S. Treasury Securities Fund
Assets:
Total Investments, at Cost	$	3,650,511,558		$	2,277,070,299		$	308,556,558		$	9,288,316		$	19,481,251
Total Investments, at Value*	$	3,644,326,008		$	2,331,917,446		$	313,438,215		$	9,733,574		$	19,678,217
Cash Collateral on Deposit at Broker		—			—			1,065,506			—			—
Interest and Dividends Receivable		15,552,411			40,737,262			1,582,275			92,886			96,016
Securities Lending Income Receivable		—			48,810			—			—			—
Receivable for Capital Shares Issued		6,093,638			7,870,475			610,182			287			169,821
Receivable for Investment Securities Sold		7,089,405			16,133,424			101,305			—			—
Receivable for Investment Securities Sold on a When-issued Basis		87,603,035			—			14,619,927			—			—
Unrealized Appreciation on Futures Contracts		—			—			94,925			—			—
Receivable from Adviser		—			—			—			837			581
Prepaid Expenses and Other Assets		132,783			61,135			27,834			7,424			22,740
Total Assets		3,760,797,280			2,396,768,552			331,540,169			9,835,008			19,967,375
Liabilities:
Due to Custodian		7,253			—			—			—			—
Payable for Investment Securities Purchased		8,221,409			14,382,648			—			—			—
Payable for Investment Securities Purchased on a When-issued Basis		236,873,883			27,904,000			14,603,416			—			—
Payable for Capital Shares Redeemed		5,281,433			9,067,606			116,490			425,629			60,492
Payable Upon Return of Securities Loaned		—			172,937,187			—			—			—
Income Distributions Payable		7,410,150			7,298,580			328,172			2,345			3,531
Investment Advisory Fees Payable		1,219,688			775,932			108,164			—			—
Administration Fees Payable		46,595			29,759			4,378			147			285
Fund Accounting Fees Payable		63,042			35,918			5,387			360			363
Transfer Agency Fees Payable		149,952			93,016			2,507			421			1,259
Compliance and Fund Services Fees Payable		56,206			34,985			5,174			177			323
Distribution and Service Fees Payable		38,118			9,187			2,914			502			7,272
Shareholder Servicing Fees Payable		527,304			31,932			3,337			—			1,172
Custodian Fees Payable		84,277			6,257			2,333			1,195			1,280
Other Accrued Expenses		149,806			93,244			16,729			3,013			4,248
Total Liabilities		260,129,116			232,700,251			15,199,001			433,789			80,225
Total Net Assets	$	3,500,668,164		$	2,164,068,301		$	316,341,168		$	9,401,219		$	19,887,150
Net Assets Consist of:
Capital	$	3,591,295,242		$	2,136,515,988		$	317,881,415		$	8,442,529		$	19,673,166
Accumulated Net Investment Income (Loss)		(1,832,220	)		174,549			—			(12,480	)		(104	)
Accumulated Net Realized Gain (Loss) from Investments, Futures and Swap Transactions		(82,609,308	)		(27,469,383	)		(6,516,829	)		525,912			17,122
Net Unrealized Appreciation (Depreciation) on Investments and Futures		(6,185,550	)		54,847,147			4,976,582			445,258			196,966
Net Assets	$	3,500,668,164		$	2,164,068,301		$	316,341,168		$	9,401,219		$	19,887,150
Net Assets:
I Shares	$	3,419,351,458		$	2,123,624,652		$	310,854,429		$	5,956,291		$	8,501,732
A Shares		51,184,754			38,016,214			2,477,929			3,444,928			3,454,543
C Shares		30,131,952			—			3,008,810			—			7,930,875
R Shares		—			2,427,435			—			—			—
Shares Outstanding (unlimited number of shares authorized, no par value)
I Shares		387,139,127			219,216,589			31,124,524			555,093			853,588
A Shares		5,796,070			4,014,777			247,384			321,081			347,211
C Shares		3,410,764			—			300,507			—			797,885
R Shares		—			250,714			—			—			—
Net Asset Value and Redemption Price Per Share:
I Shares	$	8.83		$	9.69		$	9.99		$	10.73		$	9.96
A Shares		8.83			9.47			10.02			10.73			9.95
C Shares(a)		8.83			—			10.01			—			9.94
R Shares		—			9.68			—			—			—
Offering Price per Share (100%/(100%-maximum sales charge x net asset value) of net asset value adjusted to the nearest cent):
A Shares	$	9.06		$	9.94		$	10.28		$	11.27		$	10.21
Maximum Sales Charge — A Shares		2.50	%		4.75	%		2.50	%		4.75	%		2.50	%

† Formerly Maryland Municipal Bond Fund.

* Investments include securities on loan of $-, $169,160,613, $-, $- and $-, respectively.

(a) Redemption price per share varies based on length of time shares are held.

See Notes to Financial Statements.

142

STATEMENTS OF ASSETS AND LIABILITIES

RIDGEWORTH FUNDS    March 31, 2012

	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
Assets:
Total Investments, at Cost	$	1,046,117,530		$	111,464,663		$	43,898,925		$	2,106,992,940		$	148,272,423
Total Investments, at Value	$	1,074,037,517		$	112,056,678		$	44,766,572		$	2,134,213,902		$	160,208,487
Cash Collateral on Deposit at Broker		—			234,253			—			3,773,256			—
Interest and Dividends Receivable		6,138,204			498,545			185,756			4,696,695			1,828,801
Appreciated Swap Agreements, at Value		5,872,795			—			—			—			—
Receivable for Capital Shares Issued		3,475,028			9,869			60,679			4,356,059			68,622
Receivable for Investment Securities Sold		22,300,858			28,112			—			6,003,119			—
Receivable for Investment Securities Sold on a When-issued Basis		12,857,307			5,742,089			—			213,589,910			1,073,492
Unrealized Appreciation on Forward Foreign Currency Contracts		1,632,775			—			—			—			—
Premiums Receivable On Open Swap Agreements		116,147			—			—			—			—
Prepaid Expenses and Other Assets		1,049,730			17,973			23,789			46,443			10,743
Total Assets		1,127,480,361			118,587,519			45,036,796			2,366,679,384			163,190,145
Liabilities:
Due to Custodian		—			—			—			49,998,250			—
Payable for Investment Securities Purchased		3,810,591			—			—			640,086			—
Payable for Investment Securities Purchased on a When-issued Basis		56,914,109			5,735,603			—			277,512,607			2,526,197
Depreciated Swap Agreements, at Value		2,238,210			—			—			—			—
Payable for Capital Shares Redeemed		1,068,833			147,731			35,789			3,652,857			94,803
Income Distributions Payable		389,077			40,630			5,098			279,766			364,693
Unrealized Depreciation on Forward Foreign Currency Contracts		1,769,025			—			—			—			—
Investment Advisory Fees Payable		213,014			21,482			18,843			319,591			75,071
Administration Fees Payable		14,045			1,514			572			27,230			2,199
Fund Accounting Fees Payable		15,460			2,312			916			31,896			2,864
Transfer Agency Fees Payable		21,714			2,023			1,356			25,891			1,272
Compliance and Fund Services Fees Payable		16,541			1,867			737			31,966			2,612
Distribution and Service Fees Payable		15,778			—			2,554			—			1,597
Shareholder Servicing Fees Payable		56,434			7,232			12,723			302,903			—
Custodian Fees Payable		5,848			2,212			1,332			6,322			1,584
Other Accrued Expenses		45,500			8,309			5,308			85,080			9,229
Total Liabilities		66,594,179			5,970,915			85,228			332,914,445			3,082,121
Total Net Assets	$	1,060,886,182		$	112,616,604		$	44,951,568		$	2,033,764,939		$	160,108,024
Net Assets Consist of:
Capital	$	1,024,353,575		$	115,849,666		$	42,937,073		$	2,023,672,818		$	147,420,748
Accumulated Net Investment Income (Loss)		(1,977,807	)		—			—			(1,812	)		19,873
Accumulated Net Realized Gain (Loss) from Investments, Futures, Swap and Foreign Currency Transactions		10,784,150			(3,825,077	)		1,146,848			(17,127,029	)		731,339
Net Unrealized Appreciation (Depreciation) on Investments, Swaps and Foreign Currencies		27,726,264			592,015			867,647			27,220,962			11,936,064
Net Assets	$	1,060,886,182		$	112,616,604		$	44,951,568		$	2,033,764,939		$	160,108,024
Net Assets:
I Shares	$	996,212,883		$	112,616,604		$	40,754,013		$	2,033,764,939		$	147,598,768
A Shares		44,358,638			—			1,796,510			—			12,509,256
C Shares		—			—			2,401,045			—			—
R Shares		20,314,661			—			—			—			—
Shares Outstanding (unlimited number of shares authorized, no par value)
I Shares		92,462,746			11,322,796			4,689,808			200,510,683			13,885,184
A Shares		3,988,043			—			206,722			—			1,177,123
C Shares		—			—			276,298			—			—
R Shares		1,885,071			—			—			—			—
Net Asset Value and Redemption Price Per Share:
I Shares	$	10.77		$	9.95		$	8.69		$	10.14		$	10.63
A Shares		11.12			—			8.69			—			10.63
C Shares(a)		—			—			8.69			—			—
R Shares		10.78			—			—			—			—
Offering Price per Share (100%/(100%-maximum sales charge x net asset value) of net asset value adjusted to the nearest cent):
A Shares	$	11.67		$	—		$	9.12		$	—		$	11.16
Maximum Sales Charge — A Shares		4.75	%		—			4.75	%		—			4.75	%

(a) Redemption price per share varies based on length of time shares are held.

See Notes to Financial Statements.

143

STATEMENTS OF OPERATIONS

RIDGEWORTH FUNDS    For the Year Ended March 31, 2012

	Core Bond Fund			Corporate Bond Fund			Georgia Tax-Exempt Bond Fund			High Grade Municipal Bond Fund			High Income Fund
Investment Income:
Interest Income	$	9,235,921		$	3,348,172		$	6,425,892		$	1,992,445		$	42,667,860
Dividend Income		12,007			10,859			2,851			3,029			1,068,154
Income from Securities Lending		16,455			453			—			—			269,567
Total Investment Income		9,264,383			3,359,484			6,428,743			1,995,474			44,005,581
Expenses:
Investment Advisory Fees		1,276,766			292,893			847,076			279,496			3,252,008
Administration Fees		32,973			6,921			14,247			4,540			49,270
Fund Accounting Fees		40,080			9,357			18,782			6,430			66,959
Transfer Agency Fees		45,240			37,890			7,591			7,395			197,500
Compliance & Fund Services Fees		27,089			5,748			11,941			4,068			44,512
Distribution and Service Fees — A Shares		59,231			7,782			6,338			11,055			271,175
Distribution and Service Fees — C Shares		—			171,962			—			—			—
Distribution and Service Fees — R Shares		31,115			—			—			—			86,750
Shareholder Servicing Fees — I Shares		110,383			14,486			—			—			—
Shareholder Servicing Fees — A Shares		12,762			—			—			—			—
Shareholder Servicing Fees — R Shares		11,890			—			—			—			24,207
Custodian Fees		34,699			10,767			9,770			8,661			38,826
Printing Fees		25,296			8,569			8,901			4,929			59,560
Registration Fees		37,118			35,149			15,313			7,412			49,971
Trustee Fees		17,251			3,951			8,059			2,754			29,131
Other Fees		40,766			13,925			20,351			9,646			54,565
Total Expenses		1,802,659			619,400			968,369			346,386			4,224,434
Less: Investment Advisory Fees Waived/Expenses Reimbursed		—			—			—			(11,057	)		—
Less: Custodian Credits (Note 3)		(401	)		(10	)		(24	)		—			(165	)
Net Expenses		1,802,258			619,390			968,345			335,329			4,224,269
Net Investment Income (Loss)		7,462,125			2,740,094			5,460,398			1,660,145			39,781,312
Net Realized and Unrealized Gain (Loss) on Investments, Swaps and Foreign Currencies:
Net Realized Gain (Loss) from:
Investment and Foreign Currency Transactions		23,753,727			4,073,160			1,263,832			2,029,706			(1,624,448	)
Credit Default Swap Agreements		(43,963	)		—			—			—			(836,650	)
Interest Rate Swap Agreements		448,825			—			—			—			—
Forward Foreign Currency Contracts		(48,410	)		—			—			—			—
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		(2,317,671	)		(707,485	)		11,352,043			2,771,486			(20,252,429	)
Credit Default Swap Agreements		16,433			—			—			—			21,473
Net Realized and Unrealized Gain (Loss) on Investments, Swaps and Foreign Currencies		21,808,941			3,365,675			12,615,875			4,801,192			(22,692,054	)
Change in Net Assets from Operations	$	29,271,066		$	6,105,769		$	18,076,273		$	6,461,337		$	17,089,258

See Notes to Financial Statements.

144

STATEMENTS OF OPERATIONS

RIDGEWORTH FUNDS    For the Year Ended March 31, 2012

	Intermediate Bond Fund			Investment Grade Tax-Exempt Bond Fund			Limited Duration Fund			Limited-Term Federal Mortgage Securities Fund			North Carolina Tax-Exempt Bond Fund
Investment Income:
Interest Income	$	29,537,049		$	27,373,450		$	186,629		$	760,659		$	2,001,280
Dividend Income		664			46,253			7			62			842
Income from Securities Lending		44,517			—			—			—			—
Total Investment Income		29,582,230			27,419,703			186,636			760,721			2,002,122
Expenses:
Investment Advisory Fees		2,968,795			4,489,837			19,532			222,750			279,747
Administration Fees		114,102			84,507			1,727			3,915			4,719
Fund Accounting Fees		148,932			106,264			2,491			5,483			6,474
Transfer Agency Fees		97,047			115,773			1,428			19,356			3,438
Compliance & Fund Services Fees		95,188			67,321			1,526			3,558			4,156
Distribution and Service Fees — A Shares		33,172			104,487			—			13,026			1,125
Distribution and Service Fees — C Shares		—			—			—			74,061			—
Distribution and Service Fees — R Shares		3,994			—			—			—			—
Shareholder Servicing Fees — I Shares		594,688			436,676			—			2,738			—
Shareholder Servicing Fees — A Shares		9,598			3,656			—			1,216			—
Shareholder Servicing Fees — R Shares		1,886			—			—			—			—
Custodian Fees		36,482			20,320			6,992			11,001			8,098
Printing Fees		74,019			52,325			3,468			4,988			5,116
Registration Fees		12,858			43,691			10,180			34,322			16,667
Trustee Fees		63,874			46,189			1,080			2,363			2,777
Other Fees		128,440			94,128			5,832			8,939			9,611
Total Expenses		4,383,075			5,665,174			54,256			407,716			341,928
Less: Investment Advisory Fees Waived/Expenses Reimbursed		—			—			—			(26,833	)		—
Less: Custodian Credits (Note 3)		(373	)		(31	)		(10	)		—			—
Net Expenses		4,382,702			5,665,143			54,246			380,883			341,928
Net Investment Income (Loss)		25,199,528			21,754,560			132,390			379,838			1,660,194
Net Realized and Unrealized Gain (Loss) on Investments and Swaps:
Net Realized Gain (Loss) from:
Investment		50,580,909			31,174,794			27,008			1,648,219			772,901
Credit Default Swap Agreements		(176,764	)		—			—			—			—
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		4,059,829			38,646,859			(61,977	)		830,750			3,150,616
Credit Default Swap Agreements		66,581			—			—			—			—
Net Realized and Unrealized Gain (Loss) on Investments and Swaps		54,530,555			69,821,653			(34,969	)		2,478,969			3,923,517
Change in Net Assets from Operations	$	79,730,083		$	91,576,213		$	97,421		$	2,858,807		$	5,583,711

See Notes to Financial Statements.

145

STATEMENTS OF OPERATIONS

RIDGEWORTH FUNDS    For the Year Ended March 31, 2012

	Seix Floating Rate High Income Fund			Seix High Yield Fund			Short-Term Bond Fund			Short-Term Municipal Bond Fund†			Short-Term U.S. Treasury Securities Fund
Investment Income:
Interest Income	$	227,743,901		$	144,786,720		$	7,932,280		$	757,051		$	361,369
Dividend Income		460,924			951,113			4,404			656			6
Income from Securities Lending		—			760,321			—			—			—
Total Investment Income		228,204,825			146,498,154			7,936,684			757,707			361,375
Expenses:
Investment Advisory Fees		15,023,730			7,938,570			1,278,236			114,009			94,207
Administration Fees		327,214			171,058			29,506			1,897			2,187
Fund Accounting Fees		431,494			229,606			40,463			3,026			3,190
Transfer Agency Fees		1,472,631			971,734			26,485			4,745			13,555
Compliance & Fund Services Fees		282,227			149,693			25,325			1,751			1,890
Distribution and Service Fees — A Shares		187,420			85,355			6,845			6,018			7,025
Distribution and Service Fees — C Shares		281,653			—			29,383			—			79,789
Distribution and Service Fees — R Shares		—			13,712			—			—			—
Shareholder Servicing Fees — I Shares		2,910,818			167,492			8,181			—			2,672
Shareholder Servicing Fees — A Shares		17,038			1,414			2,850			—			1,343
Shareholder Servicing Fees — C Shares		3			—			—			—			—
Shareholder Servicing Fees — R Shares		—			4,069			—			—			—
Custodian Fees		572,165			54,000			16,591			7,711			8,563
Printing Fees		238,417			116,344			16,413			5,598			3,903
Registration Fees		75,702			59,701			34,530			15,115			33,832
Trustee Fees		187,677			97,677			17,144			1,277			1,397
Other Fees		311,163			188,325			40,045			6,797			7,683
Total Expenses		22,319,352			10,248,750			1,571,997			167,944			261,236
Less: Investment Advisory Fees Waived/Expenses Reimbursed		—			—			—			(22,692	)		(54,081	)
Less: Custodian Credits (Note 3)		(94	)		(426	)		(94	)		—			—
Net Expenses		22,319,258			10,248,324			1,571,903			145,252			207,155
Net Investment Income (Loss)		205,885,567			136,249,830			6,364,781			612,455			154,220
Net Realized and Unrealized Gain (Loss) on Investments, Futures and Swaps:
Net Realized Gain (Loss) from:
Investment		(42,456,428	)		17,591,710			2,750,732			1,614,041			276,128
Futures Contracts		—			—			(2,001,517	)		—			—
Credit Default Swap Agreements		—			(3,250,820	)		—			—			—
Net Change in Unrealized Appreciation (Depreciation) on:
Investments		(72,504,487	)		(66,538,577	)		829,749			96,893			(223,465	)
Futures Contracts		—			—			94,925			—			—
Net Realized and Unrealized Gain (Loss) on Investments, Futures and Swaps		(114,960,915	)		(52,197,687	)		1,673,889			1,710,934			52,663
Change in Net Assets from Operations	$	90,924,652		$	84,052,143		$	8,038,670		$	2,323,389		$	206,883

† Formerly Maryland Municipal Bond Fund.

See Notes to Financial Statements.

146

STATEMENTS OF OPERATIONS

RIDGEWORTH FUNDS    For the Year Ended March 31, 2012

	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
Investment Income:
Interest Income	$	21,621,777		$	1,676,081		$	966,624		$	15,800,812		$	6,300,090
Dividend Income		29,014			1,698			24			2,714			414
Income from Securities Lending		54,637			—			—			—			—
Total Investment Income		21,705,428			1,677,779			966,648			15,803,526			6,300,504
Expenses:
Investment Advisory Fees		1,991,491			275,929			253,833			3,299,948			925,086
Administration Fees		73,853			11,362			4,385			159,728			15,453
Fund Accounting Fees		93,301			15,683			6,539			206,734			20,331
Transfer Agency Fees		208,538			16,663			14,594			226,579			13,086
Compliance & Fund Services Fees		62,223			10,033			4,068			135,178			12,967
Distribution and Service Fees — A Shares		67,008			—			6,140			—			18,991
Distribution and Service Fees — C Shares		—			—			25,529			—			—
Distribution and Service Fees — R Shares		36,046			—			—			—			—
Shareholder Servicing Fees — I Shares		283,524			33,246			25,956			1,744,361			—
Shareholder Servicing Fees — A Shares		18,531			—			583			—			—
Shareholder Servicing Fees — R Shares		4,323			—			—			—			—
Custodian Fees		50,590			14,201			8,889			42,206			10,088
Printing Fees		50,526			7,992			4,895			109,529			9,466
Registration Fees		69,105			24,349			31,762			45,269			17,793
Trustee Fees		39,807			6,572			2,770			88,728			8,738
Other Fees		82,352			15,541			10,294			168,041			20,824
Total Expenses		3,131,218			431,571			400,237			6,226,301			1,072,823
Less: Investment Advisory Fees Waived/Expenses Reimbursed		—			—			(1,618	)		—			—
Less: Custodian Credits (Note 3)		(504	)		(23	)		—			(172	)		—
Net Expenses		3,130,714			431,548			398,619			6,226,129			1,072,823
Net Investment Income (Loss)		18,574,714			1,246,231			568,029			9,577,397			5,227,681
Net Realized and Unrealized Gain (Loss) on Investments, Futures, Swaps and Foreign Currencies:
Net Realized Gain (Loss) from:
Investment and Foreign Currency Transactions		28,352,740			206,849			3,356,022			8,198,825			2,209,535
Futures Contracts		—			24,611			—			(961,099	)		—
Credit Default Swap Agreements		9,009,957			—			—			—			—
Interest Rate Swap Agreements		1,281,198			—			—			—			—
Forward Foreign Currency Contracts		1,382,132			—			—			—			—
Net Change in Unrealized Appreciation (Depreciation) on:
Investments and Foreign Currencies		11,100,884			(5,941	)		167,329			14,153,073			6,562,584
Credit Default Swap Agreements		(24,965	)		—			—			—			—
Forward Foreign Currency Contracts		(136,250	)		—			—			—			—
Net Realized and Unrealized Gain (Loss) on Investments, Futures, Swaps and Foreign Currencies		50,965,696			225,519			3,523,351			21,390,799			8,772,119
Change in Net Assets from Operations	$	69,540,410		$	1,471,750		$	4,091,380		$	30,968,196		$	13,999,800

See Notes to Financial Statements.

147

STATEMENTS OF CHANGES IN NET ASSETS

RIDGEWORTH FUNDS    For the Periods Indicated

	Core Bond Fund						Corporate Bond Fund						Georgia Tax-Exempt Bond Fund
	04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11
Operations:
Net Investment Income	$	7,462,125		$	12,014,783		$	2,740,094		$	6,194,619		$	5,460,398		$	8,181,686
Net Realized Gain (Loss)		24,110,179			11,603,833			4,073,160			12,194,305			1,263,832			(2,937,784	)
Net Change in Unrealized Appreciation (Depreciation)		(2,301,238	)		(7,707,931	)		(707,485	)		(5,381,982	)		11,352,043			(7,494,157	)
Change in Net Assets from Operations		29,271,066			15,910,685			6,105,769			13,006,942			18,076,273			(2,250,255	)
Dividends and Distributions to Shareholders:
Net Investment Income:
I Shares		(7,644,796	)		(7,713,607	)		(2,128,601	)		(5,359,494	)		(5,316,936	)		(7,862,131	)
A Shares		(400,767	)		(470,866	)		(95,460	)		(177,839	)		(143,422	)		(321,223	)
C Shares		—			—			(515,969	)		(657,880	)		—			—
R Shares		(107,688	)		(125,675	)		—			—			—			—
Tax Return of Capital:
I Shares		—			(2,939,328	)		—			—			—			—
A Shares		—			(205,858	)		—			—			—			—
R Shares		—			(64,015	)		—			—			—			—
Net Realized Gains:
I Shares		(18,964,864	)		(15,435,382	)		(3,859,873	)		(1,929,031	)		—			—
A Shares		(1,163,981	)		(1,016,483	)		(214,633	)		(103,214	)		—			—
C Shares		—			—			(1,265,689	)		(429,724	)		—			—
R Shares		(357,204	)		(318,076	)		—			—			—			—
Total Dividends and Distributions		(28,639,300	)		(28,289,290	)		(8,080,225	)		(8,657,182	)		(5,460,358	)		(8,183,354	)
Change in Net Assets from Capital Transactions		144,315,144			(74,593,811	)		296,786			(103,975,535	)		(28,084,239	)		(40,055,865	)
Change in Net Assets		144,946,910			(86,972,416	)		(1,677,670	)		(99,625,775	)		(15,468,324	)		(50,489,474	)
Net Assets:
Beginning of Period		321,666,648			408,639,064			81,522,577			181,148,352			165,551,507			216,040,981
End of Period	$	466,613,558		$	321,666,648		$	79,844,907		$	81,522,577		$	150,083,183		$	165,551,507
Accumulated Net Investment Income (Loss), End of Period	$	(562,787	)	$	(922,837	)	$	(214,429	)	$	(325,096	)	$	190,857		$	190,817

See Notes to Financial Statements.

148

STATEMENTS OF CHANGES IN NET ASSETS  (continued)

RIDGEWORTH FUNDS    For the Periods Indicated

	Core Bond Fund						Corporate Bond Fund						Georgia Tax-Exempt Bond Fund
	04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11
Capital Transactions:
I Shares:
Proceeds from Shares Issued	$	230,213,597		$	79,442,338		$	21,709,020		$	28,969,465		$	25,293,185		$	51,331,434
Dividends Reinvested		23,374,153			23,760,673			5,159,258			3,645,141			276,448			441,558
Cost of Shares Redeemed		(110,968,103	)		(167,960,176	)		(31,426,786	)		(131,523,496	)		(52,043,352	)		(87,539,240	)
Change in Net Assets from I Shares		142,619,647			(64,757,165	)		(4,558,508	)		(98,908,890	)		(26,473,719	)		(35,766,248	)
A Shares:
Proceeds from Shares Issued		8,751,020			5,510,073			3,388,655			1,356,806			309,150			395,821
Dividends Reinvested		1,436,036			1,466,370			211,520			179,896			88,410			134,885
Cost of Shares Redeemed		(7,725,376	)		(14,039,099	)		(1,348,793	)		(3,906,253	)		(2,008,080	)		(4,820,323	)
Change in Net Assets from A Shares		2,461,680			(7,062,656	)		2,251,382			(2,369,551	)		(1,610,520	)		(4,289,617	)
C Shares:
Proceeds from Shares Issued		—			—			3,786,500			373,228			—			—
Dividends Reinvested		—			—			1,246,228			799,831			—			—
Cost of Shares Redeemed		—			—			(2,428,816	)		(3,870,153	)		—			—
Change in Net Assets from C Shares		—			—			2,603,912			(2,697,094	)		—			—
R Shares:
Proceeds from Shares Issued		341,015			227,363			—			—			—			—
Dividends Reinvested		419,820			461,690			—			—			—			—
Cost of Shares Redeemed		(1,527,018	)		(3,463,043	)		—			—			—			—
Change in Net Assets from R Shares		(766,183	)		(2,773,990	)		—			—			—			—
Change in Net Assets from Capital Transactions	$	144,315,144		$	(74,593,811	)	$	296,786		$	(103,975,535	)	$	(28,084,239	)	$	(40,055,865	)
Shares Transactions:
I Shares:
Issued		20,392,980			6,811,422			2,239,751			2,932,417			2,473,798			5,044,818
Reinvested		2,090,943			2,110,160			547,019			373,525			26,978			43,334
Redeemed		(9,816,795	)		(14,634,211	)		(3,251,132	)		(13,107,846	)		(5,122,166	)		(8,782,333	)
Change in I Shares		12,667,128			(5,712,629	)		(464,362	)		(9,801,904	)		(2,621,390	)		(3,694,181	)
A Shares:
Issued		765,877			473,963			349,895			137,716			29,451			38,485
Reinvested		128,545			130,170			22,375			18,211			8,617			13,183
Redeemed		(678,486	)		(1,216,167	)		(140,098	)		(395,340	)		(203,039	)		(476,359	)
Change in A Shares		215,936			(612,034	)		232,172			(239,413	)		(164,971	)		(424,691	)
C Shares:
Issued		—			—			389,063			37,348			—			—
Reinvested		—			—			132,375			82,087			—			—
Redeemed		—			—			(250,674	)		(392,435	)		—			—
Change in C Shares		—			—			270,764			(273,000	)		—			—
R Shares:
Issued		29,536			19,477			—			—			—			—
Reinvested		37,600			41,025			—			—			—			—
Redeemed		(134,931	)		(298,499	)		—			—			—			—
Change in R Shares		(67,795	)		(237,997	)		—			—			—			—
Change in Shares		12,815,269			(6,562,660	)		38,574			(10,314,317	)		(2,786,361	)		(4,118,872	)

See Notes to Financial Statements.

149

STATEMENTS OF CHANGES IN NET ASSETS  (continued)

RIDGEWORTH FUNDS    For the Periods Indicated

	High Grade Municipal Bond Fund						High Income Fund						Intermediate Bond Fund
	04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11
Operations:
Net Investment Income	$	1,660,145		$	2,364,204		$	39,781,312		$	17,420,463		$	25,199,528		$	41,880,438
Net Realized Gain (Loss)		2,029,706			841,212			(2,461,098	)		10,449,286			50,404,145			32,194,679
Net Change in Unrealized Appreciation (Depreciation)		2,771,486			(2,160,581	)		(20,230,956	)		9,265,626			4,126,410			(14,616,206	)
Change in Net Assets from Operations		6,461,337			1,044,835			17,089,258			37,135,375			79,730,083			59,458,911
Dividends and Distributions to Shareholders:
Net Investment Income:
I Shares		(1,428,088	)		(2,094,288	)		(32,588,069	)		(14,896,170	)		(24,939,559	)		(35,298,486	)
A Shares		(232,314	)		(269,944	)		(6,489,630	)		(1,439,817	)		(231,737	)		(267,883	)
R Shares		—			—			(1,187,832	)		(1,048,221	)		(10,885	)		(16,224	)
Tax Return of Capital:
I Shares		—			—			—			—			—			(4,359,053	)
A Shares		—			—			—			—			—			(37,176	)
R Shares		—			—			—			—			—			(2,865	)
Net Realized Gains:
I Shares		(95,027	)		—			(4,443,437	)		(553,824	)		(37,936,794	)		(41,037,265	)
A Shares		(16,625	)		—			(874,159	)		(56,403	)		(412,228	)		(362,944	)
R Shares		—			—			(178,289	)		(39,752	)		(22,701	)		(24,992	)
Total Dividends and Distributions		(1,772,054	)		(2,364,232	)		(45,761,416	)		(18,034,187	)		(63,553,904	)		(81,406,888	)
Change in Net Assets from Capital Transactions		(9,179,229	)		(3,880,407	)		243,912,524			293,561,886			(129,640,910	)		(230,486,295	)
Change in Net Assets		(4,489,946	)		(5,199,804	)		215,240,366			312,663,074			(113,464,731	)		(252,434,272	)
Net Assets:
Beginning of Period		55,608,614			60,808,418			480,912,555			168,249,481			1,319,740,661			1,572,174,933
End of Period	$	51,118,668		$	55,608,614		$	696,152,921		$	480,912,555		$	1,206,275,930		$	1,319,740,661
Accumulated Net Investment Income (Loss), End of Period	$	(7,124	)	$	(6,867	)	$	(351,835	)	$	(41,519	)	$	(1,845,583	)	$	(2,939,677	)

See Notes to Financial Statements.

150

STATEMENTS OF CHANGES IN NET ASSETS  (continued)

RIDGEWORTH FUNDS    For the Periods Indicated

	High Grade Municipal Bond Fund						High Income Fund						Intermediate Bond Fund
	04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11
Capital Transactions:
I Shares:
Proceeds from Shares Issued	$	6,534,232		$	10,961,520		$	541,743,152		$	390,768,633		$	250,996,340		$	395,572,820
Dividends Reinvested		180,735			275,054			29,132,881			10,236,084			34,290,444			40,471,135
Cost of Shares Redeemed		(15,441,562	)		(17,631,023	)		(367,671,391	)		(170,553,968	)		(413,099,514	)		(667,636,938	)
Change in Net Assets from I Shares		(8,726,595	)		(6,394,449	)		203,204,642			230,450,749			(127,812,730	)		(231,592,983	)
A Shares:
Proceeds from Shares Issued		2,304,325			3,735,696			160,725,436			78,667,020			10,050,552			7,439,874
Dividends Reinvested		81,083			91,703			5,715,726			943,773			478,569			600,079
Cost of Shares Redeemed		(2,838,042	)		(1,313,357	)		(131,175,324	)		(14,814,462	)		(12,190,515	)		(6,775,822	)
Change in Net Assets from A Shares		(452,634	)		2,514,042			35,265,838			64,796,331			(1,661,394	)		1,264,131
R Shares:
Proceeds from Shares Issued		—			—			10,293,014			2,107,525			109,961			214,890
Dividends Reinvested		—			—			1,031,373			740,047			33,577			43,932
Cost of Shares Redeemed		—			—			(5,882,343	)		(4,532,766	)		(310,324	)		(416,265	)
Change in Net Assets from R Shares		—			—			5,442,044			(1,685,194	)		(166,786	)		(157,443	)
Change in Net Assets from Capital Transactions	$	(9,179,229	)	$	(3,880,407	)	$	243,912,524		$	293,561,886		$	(129,640,910	)	$	(230,486,295	)
Shares Transactions:
I Shares:
Issued		563,655			975,559			78,425,514			55,337,099			23,738,365			36,955,330
Reinvested		15,614			24,404			4,256,915			1,461,445			3,266,983			3,850,153
Redeemed		(1,357,468	)		(1,583,414	)		(53,175,628	)		(24,512,746	)		(38,971,896	)		(62,702,334	)
Change in I Shares		(778,199	)		(583,451	)		29,506,801			32,285,798			(11,966,548	)		(21,896,851	)
A Shares:
Issued		193,685			329,246			23,049,111			11,084,549			936,767			698,083
Reinvested		6,994			8,125			834,723			132,945			45,581			57,041
Redeemed		(243,908	)		(115,303	)		(19,173,869	)		(2,104,104	)		(1,148,755	)		(637,864	)
Change in A Shares		(43,229	)		222,068			4,709,965			9,113,390			(166,407	)		117,260
R Shares:
Issued		—			—			1,487,650			300,427			10,373			20,206
Reinvested		—			—			151,213			107,100			3,200			4,176
Redeemed		—			—			(841,499	)		(644,903	)		(29,012	)		(38,975	)
Change in R Shares		—			—			797,364			(237,376	)		(15,439	)		(14,593	)
Change in Shares		(821,428	)		(361,383	)		35,014,130			41,161,812			(12,148,394	)		(21,794,184	)

See Notes to Financial Statements.

151

STATEMENTS OF CHANGES IN NET ASSETS  (continued)

RIDGEWORTH FUNDS    For the Periods Indicated

	Investment Grade Tax-Exempt Bond Fund						Limited Duration Fund						Limited-Term Federal Mortgage Securities Fund
	04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11
Operations:
Net Investment Income	$	21,754,560		$	30,932,714		$	132,390		$	241,165		$	379,838		$	446,810
Net Realized Gain		31,174,794			9,395,394			27,008			95,300			1,648,219			1,203,002
Net Change in Unrealized Appreciation (Depreciation)		38,646,859			(18,311,258	)		(61,977	)		(43,342	)		830,750			(270,211	)
Change in Net Assets from Operations		91,576,213			22,016,850			97,421			293,123			2,858,807			1,379,601
Dividends and Distributions to Shareholders:
Net Investment Income:
I Shares		(21,017,875	)		(30,314,385	)		(112,879	)		(184,605	)		(664,764	)		(493,330	)
A Shares		(736,816	)		(688,859	)		—			—			(126,463	)		(64,930	)
C Shares		—			—			—			—			(86,322	)		(128,682	)
Net Realized Gains:
I Shares		(6,670,907	)		(26,421,509	)		—			—			—			—
A Shares		(268,548	)		(722,951	)		—			—			—			—
Total Dividends and Distributions		(28,694,146	)		(58,147,704	)		(112,879	)		(184,605	)		(877,549	)		(686,942	)
Change in Net Assets from Capital Transactions		(173,273,979	)		72,675,572			(5,865,103	)		(708,230	)		(4,458,707	)		8,265,675
Change in Net Assets		(110,391,912	)		36,544,718			(5,880,561	)		(599,712	)		(2,477,449	)		8,958,334
Net Assets:
Beginning of Period		1,098,861,029			1,062,316,311			21,882,910			22,482,622			40,820,095			31,861,761
End of Period	$	988,469,117		$	1,098,861,029		$	16,002,349		$	21,882,910		$	38,342,646		$	40,820,095
Accumulated Net Investment Income (Loss), End of Period	$	(224,204	)	$	(224,073	)	$	(2,487	)	$	(2,762	)	$	(36,534	)	$	(34,461	)

See Notes to Financial Statements.

152

STATEMENTS OF CHANGES IN NET ASSETS  (continued)

RIDGEWORTH FUNDS    For the Periods Indicated

	Investment Grade Tax-Exempt Bond Fund						Limited Duration Fund						Limited-Term Federal Mortgage Securities Fund
	04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11
Capital Transactions:
I Shares:
Proceeds from Shares Issued	$	323,474,282		$	384,066,926		$	37		$	344,822		$	12,082,654		$	24,912,909
Dividends Reinvested		16,073,453			25,727,641			74,630			128,216			408,087			284,907
Cost of Shares Redeemed		(517,156,994	)		(345,053,160	)		(5,939,770	)		(1,181,268	)		(19,737,886	)		(16,136,100	)
Change in Net Assets from I Shares		(177,609,259	)		64,741,407			(5,865,103	)		(708,230	)		(7,247,145	)		9,061,716
A Shares:
Proceeds from Shares Issued		11,646,090			13,282,124			—			—			9,649,651			1,114,896
Dividends Reinvested		531,390			806,996			—			—			64,737			50,949
Cost of Shares Redeemed		(7,842,200	)		(6,154,955	)		—			—			(6,584,528	)		(895,056	)
Change in Net Assets from A Shares		4,335,280			7,934,165			—			—			3,129,860			270,789
C Shares:
Proceeds from Shares Issued		—			—			—			—			457,164			431,555
Dividends Reinvested		—			—			—			—			69,020			104,825
Cost of Shares Redeemed		—			—			—			—			(867,606	)		(1,603,210	)
Change in Net Assets from C Shares		—			—			—			—			(341,422	)		(1,066,830	)
Change in Net Assets from Capital Transactions	$	(173,273,979	)	$	72,675,572		$	(5,865,103	)	$	(708,230	)	$	(4,458,707	)	$	8,265,675
Shares Transactions:
I Shares:
Issued		26,410,054			31,783,246			4			35,439			1,101,980			2,353,588
Reinvested		1,311,551			2,163,748			7,646			13,880			37,235			26,814
Redeemed		(43,232,605	)		(28,902,762	)		(609,652	)		(121,579	)		(1,794,687	)		(1,521,505	)
Change in I Shares		(15,511,000	)		5,044,232			(602,002	)		(72,260	)		(655,472	)		858,897
A Shares:
Issued		954,544			1,088,856			—			—			889,986			105,324
Reinvested		43,300			67,890			—			—			5,928			4,802
Redeemed		(644,985	)		(511,322	)		—			—			(605,230	)		(84,307	)
Change in A Shares		352,859			645,424			—			—			290,684			25,819
C Shares:
Issued		—			—			—			—			41,588			40,759
Reinvested		—			—			—			—			6,307			10,945
Redeemed		—			—			—			—			(79,032	)		(150,662	)
Change in C Shares		—			—			—			—			(31,137	)		(98,958	)
Change in Shares		(15,158,141	)		5,689,656			(602,002	)		(72,260	)		(395,925	)		785,758

See Notes to Financial Statements.

153

STATEMENTS OF CHANGES IN NET ASSETS  (continued)

RIDGEWORTH FUNDS    For the Periods Indicated

	North Carolina Tax-Exempt Bond Fund						Seix Floating Rate High Income Fund						Seix High Yield Fund
	04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11
Operations:
Net Investment Income	$	1,660,194		$	2,008,080		$	205,885,567		$	116,431,543		$	136,249,830		$	131,473,779
Net Realized Gain (Loss)		772,901			(608,280	)		(42,456,428	)		7,476,770			14,340,890			86,285,535
Net Change in Unrealized Appreciation (Depreciation)		3,150,616			(1,559,089	)		(72,504,487	)		20,777,605			(66,538,577	)		15,464,724
Change in Net Assets from Operations		5,583,711			(159,289	)		90,924,652			144,685,918			84,052,143			233,224,038
Dividends and Distributions to Shareholders:
Net Investment Income:
I Shares		(1,637,049	)		(1,981,645	)		(187,063,784	)		(101,712,626	)		(133,095,538	)		(129,551,254	)
A Shares		(23,345	)		(26,415	)		(3,160,271	)		(1,957,964	)		(2,350,113	)		(1,560,281	)
C Shares		—			—			(1,231,363	)		(599,499	)		—			—
R Shares		—			—			—			—			(182,095	)		(357,956	)
Total Dividends and Distributions		(1,660,394	)		(2,008,060	)		(191,455,418	)		(104,270,089	)		(135,627,746	)		(131,469,491	)
Change in Net Assets from Capital Transactions		(4,943,726	)		1,603,377			430,833,930			1,926,941,512			452,412,851			(96,926,912	)
Change in Net Assets		(1,020,409	)		(563,972	)		330,303,164			1,967,357,341			400,837,248			4,827,635
Net Assets:
Beginning of Period		52,065,476			52,629,448			3,170,365,000			1,203,007,659			1,763,231,053			1,758,403,418
End of Period	$	51,045,067		$	52,065,476		$	3,500,668,164		$	3,170,365,000		$	2,164,068,301		$	1,763,231,053
Accumulated Net Investment Income (Loss), End of Period	$	(63,096	)	$	(62,896	)	$	(1,832,220	)	$	245,278		$	174,549		$	127,969

See Notes to Financial Statements.

154

STATEMENTS OF CHANGES IN NET ASSETS  (continued)

RIDGEWORTH FUNDS    For the Periods Indicated

	North Carolina Tax-Exempt Bond Fund						Seix Floating Rate High Income Fund						Seix High Yield Fund
	04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11
Capital Transactions:
I Shares:
Proceeds from Shares Issued	$	7,789,791		$	15,482,768		$	2,441,753,739		$	2,419,810,602		$	1,451,525,329			926,437,979
Dividends Reinvested		46,418			39,225			98,106,958			57,050,080			56,756,503			73,852,098
Cost of Shares Redeemed		(12,663,761	)		(13,876,329	)		(2,102,029,721	)		(610,584,939	)		(1,057,583,078	)		(1,099,468,059	)
Change in Net Assets from I Shares		(4,827,552	)		1,645,664			437,830,976			1,866,275,743			450,698,754			(99,177,982	)
A Shares:
Proceeds from Shares Issued		29,769			1,000			36,377,294			55,681,682			85,104,817			47,735,490
Dividends Reinvested		11,937			13,933			1,775,951			878,190			1,457,762			957,365
Cost of Shares Redeemed		(157,880	)		(57,220	)		(53,634,785	)		(10,427,483	)		(84,049,601	)		(43,135,960	)
Change in Net Assets from A Shares		(116,174	)		(42,287	)		(15,481,540	)		46,132,389			2,512,978			5,556,895
C Shares:
Proceeds from Shares Issued		—			—			13,743,006			15,703,200			—			—
Dividends Reinvested		—			—			634,518			359,692			—			—
Cost of Shares Redeemed		—			—			(5,893,030	)		(1,529,512	)		—			—
Change in Net Assets from C Shares		—			—			8,484,494			14,533,380			—			—
R Shares:
Proceeds from Shares Issued		—			—			—			—			102,400			103,788
Dividends Reinvested		—			—			—			—			106,378			150,144
Cost of Shares Redeemed		—			—			—			—			(1,007,659	)		(3,559,757	)
Change in Net Assets from R Shares		—			—			—			—			(798,881	)		(3,305,825	)
Change in Net Assets from Capital Transactions	$	(4,943,726	)	$	1,603,377		$	430,833,930		$	1,926,941,512		$	452,412,851		$	(96,926,912	)
Shares Transactions:
I Shares:
Issued		765,775			1,545,026			275,791,116			271,072,736			151,932,100			95,517,054
Reinvested		4,554			3,919			11,186,120			6,437,266			5,859,596			7,657,526
Redeemed		(1,254,105	)		(1,404,397	)		(241,379,272	)		(69,288,751	)		(109,808,875	)		(114,149,062	)
Change in I Shares		(483,776	)		144,548			45,597,964			208,221,251			47,982,821			(10,974,482	)
A Shares:
Issued		2,986			150			4,099,882			6,221,395			9,201,234			5,030,456
Reinvested		1,170			1,590			202,165			98,889			153,259			100,602
Redeemed		(15,166	)		(5,865	)		(6,179,275	)		(1,181,149	)		(8,919,515	)		(4,620,045	)
Change in A Shares		(11,010	)		(4,125	)		(1,877,228	)		5,139,135			434,978			511,013
C Shares:
Issued		—			—			1,550,277			1,757,450			—			—
Reinvested		—			—			72,348			40,555			—			—
Redeemed		—			—			(677,658	)		(173,476	)		—			—
Change in C Shares		—			—			944,967			1,624,529			—			—
R Shares:
Issued		—			—			—			—			10,317			10,594
Reinvested		—			—			—			—			10,981			15,561
Redeemed		—			—			—			—			(102,436	)		(365,575	)
Change in R Shares		—			—			—			—			(81,138	)		(339,420	)
Change in Shares		(494,786	)		140,423			44,665,703			214,984,915			48,336,661			(10,802,889	)

See Notes to Financial Statements.

155

STATEMENTS OF CHANGES IN NET ASSETS  (continued)

RIDGEWORTH FUNDS    For the Periods Indicated

	Short-Term Bond Fund						Short-Term Municipal Bond Fund†						Short-Term U.S. Treasury Securities Fund
	04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11
Operations:
Net Investment Income	$	6,364,781		$	10,302,814		$	612,455		$	947,604		$	154,220		$	406,005
Net Realized Gain		749,215			3,943,193			1,614,041			320,579			276,128			257,592
Net Change in Unrealized Appreciation (Depreciation)		924,674			(2,479,092	)		96,893			(1,014,635	)		(223,465	)		(255,369	)
Change in Net Assets from Operations		8,038,670			11,766,915			2,323,389			253,548			206,883			408,228
Dividends and Distributions to Shareholders:
Net Investment Income:
I Shares		(6,773,468	)		(10,404,219	)		(501,407	)		(797,003	)		(117,918	)		(331,426	)
A Shares		(66,609	)		(60,481	)		(111,048	)		(151,358	)		(31,254	)		(58,653	)
C Shares		(34,750	)		(31,616	)		—			—			(5,332	)		(15,590	)
Net Realized Gains:
I Shares		—			—			(224,417	)		(69,476	)		(102,832	)		(400,767	)
A Shares		—			—			(51,598	)		(13,891	)		(50,219	)		(85,833	)
C Shares		—			—			—			—			(114,078	)		(121,663	)
Total Dividends and Distributions		(6,874,827	)		(10,496,316	)		(888,470	)		(1,031,728	)		(421,633	)		(1,013,932	)
Change in Net Assets from Capital Transactions		(40,311,907	)		(141,337,415	)		(17,415,381	)		(3,372,420	)		(16,033,722	)		(9,028,138	)
Change in Net Assets		(39,148,064	)		(140,066,816	)		(15,980,462	)		(4,150,600	)		(16,248,472	)		(9,633,842	)
Net Assets:
Beginning of Period		355,489,232			495,556,048			25,381,681			29,532,281			36,135,622			45,769,464
End of Period	$	316,341,168		$	355,489,232		$	9,401,219		$	25,381,681		$	19,887,150		$	36,135,622
Accumulated Net Investment Income (Loss), End of Period	$	—		$	192,160		$	(12,480	)	$	(42,051	)	$	(104	)	$	180

† Formerly Maryland Municipal Bond Fund.

See Notes to Financial Statements.

156

STATEMENTS OF CHANGES IN NET ASSETS  (continued)

RIDGEWORTH FUNDS    For the Periods Indicated

	Short-Term Bond Fund						Short-Term Municipal Bond Fund†						Short-Term U.S. Treasury Securities Fund
	04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11
Capital Transactions:
I Shares:
Proceeds from Shares Issued	$	94,318,654		$	106,943,572		$	6,690,665		$	3,573,867		$	5,269,886		$	7,095,246
Dividends Reinvested		2,000,868			2,556,562			44,476			21,542			105,295			308,816
Cost of Shares Redeemed		(136,769,246	)		(250,008,190	)		(23,292,490	)		(5,978,288	)		(19,695,687	)		(17,649,190	)
Change in Net Assets from I Shares		(40,449,724	)		(140,508,056	)		(16,557,349	)		(2,382,879	)		(14,320,506	)		(10,245,128	)
A Shares:
Proceeds from Shares Issued		2,179,023			721,095			99,225			108,231			605,128			909,185
Dividends Reinvested		55,369			47,352			137,891			137,943			39,509			62,871
Cost of Shares Redeemed		(2,410,875	)		(1,523,139	)		(1,095,148	)		(1,235,715	)		(2,709,304	)		(1,165,603	)
Change in Net Assets from A Shares		(176,483	)		(754,692	)		(858,032	)		(989,541	)		(2,064,667	)		(193,547	)
C Shares:
Proceeds from Shares Issued		977,290			230,440			—			—			1,902,642			2,719,630
Dividends Reinvested		27,760			27,737			—			—			107,432			119,607
Cost of Shares Redeemed		(690,750	)		(332,844	)		—			—			(1,658,623	)		(1,428,700	)
Change in Net Assets from C Shares		314,300			(74,667	)		—			—			351,451			1,410,537
Change in Net Assets from Capital Transactions	$	(40,311,907	)	$	(141,337,415	)	$	(17,415,381	)	$	(3,372,420	)	$	(16,033,722	)	$	(9,028,138	)
Shares Transactions:
I Shares:
Issued		9,453,882			10,711,040			621,809			339,374			525,197			688,561
Reinvested		200,834			255,779			4,163			2,061			10,479			30,270
Redeemed		(13,714,068	)		(25,038,673	)		(2,168,402	)		(565,240	)		(1,946,804	)		(1,716,304	)
Change in I Shares		(4,059,352	)		(14,071,854	)		(1,542,430	)		(223,805	)		(1,411,128	)		(997,473	)
A Shares:
Issued		218,321			72,079			9,208			10,017			60,014			89,422
Reinvested		5,547			4,724			12,958			13,133			3,939			6,171
Redeemed		(241,210	)		(152,190	)		(102,904	)		(117,459	)		(267,935	)		(114,108	)
Change in A Shares		(17,342	)		(75,387	)		(80,738	)		(94,309	)		(203,982	)		(18,515	)
C Shares:
Issued		97,766			23,065			—			—			188,447			264,590
Reinvested		2,782			2,768			—			—			10,758			11,801
Redeemed		(69,133	)		(33,243	)		—			—			(164,965	)		(139,659	)
Change in C Shares		31,415			(7,410	)		—			—			34,240			136,732
Change in Shares		(4,045,279	)		(14,154,651	)		(1,623,168	)		(318,114	)		(1,580,870	)		(879,256	)

† Formerly Maryland Municipal Bond Fund.

See Notes to Financial Statements.

157

STATEMENTS OF CHANGES IN NET ASSETS  (continued)

RIDGEWORTH FUNDS    For the Periods Indicated

	Total Return Bond Fund						Ultra-Short Bond Fund						U.S. Government Securities Fund
	04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11
Operations:
Net Investment Income	$	18,574,714		$	23,230,565		$	1,246,231		$	1,399,591		$	568,029		$	1,319,049
Net Realized Gain		40,026,027			20,285,626			231,460			159,271			3,356,022			1,998,942
Net Change in Unrealized Appreciation (Depreciation)		10,939,669			(6,205,000	)		(5,941	)		330,956			167,329			(10,682	)
Change in Net Assets from Operations		69,540,410			37,311,191			1,471,750			1,889,818			4,091,380			3,307,309
Dividends and Distributions to Shareholders:
Net Investment Income:
I Shares		(26,166,832	)		(18,081,663	)		(1,418,011	)		(1,635,244	)		(542,376	)		(1,247,976	)
A Shares		(818,195	)		(342,771	)		—			—			(18,362	)		(42,329	)
C Shares		—			—			—			—			(7,178	)		(29,566	)
R Shares		(198,714	)		(32,248	)		—			—			—			—
Tax Return of Capital:
I Shares		—			(5,872,669	)		—			—			—			—
A Shares		—			(116,870	)		—			—			—			—
R Shares		—			(12,537	)		—			—			—			—
Net Realized Gains:
I Shares		(18,916,538	)		(28,505,006	)		—			—			(2,889,258	)		(2,207,739	)
A Shares		(708,013	)		(748,225	)		—			—			(125,005	)		(87,679	)
C Shares		—			—			—			—			(156,535	)		(103,759	)
R Shares		(190,664	)		(75,970	)		—			—			—			—
Total Dividends and Distributions		(46,998,956	)		(53,787,959	)		(1,418,011	)		(1,635,244	)		(3,738,714	)		(3,719,048	)
Change in Net Assets from Capital Transactions		332,979,324			(11,995,625	)		(3,232,562	)		23,012,354			(8,541,505	)		(23,709,981	)
Change in Net Assets		355,520,778			(28,472,393	)		(3,178,823	)		23,266,928			(8,188,839	)		(24,121,720	)
Net Assets:
Beginning of Period		705,365,404			733,837,797			115,795,427			92,528,499			53,140,407			77,262,127
End of Period	$	1,060,886,182		$	705,365,404		$	112,616,604		$	115,795,427		$	44,951,568		$	53,140,407
Accumulated Net Investment Income (Loss), End of Period	$	(1,977,807	)	$	(2,115,150	)	$	—		$	16,046		$	—		$	(113	)

See Notes to Financial Statements.

158

STATEMENTS OF CHANGES IN NET ASSETS  (continued)

RIDGEWORTH FUNDS    For the Periods Indicated

	Total Return Bond Fund						Ultra-Short Bond Fund						U.S. Government Securities Fund
	04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11
Capital Transactions:
I Shares:
Proceeds from Shares Issued	$	552,395,915		$	361,727,753		$	79,641,461		$	108,470,280		$	16,730,960		$	14,812,948
Dividends Reinvested		34,158,638			34,441,375			802,231			871,383			2,768,982			2,386,116
Cost of Shares Redeemed		(297,254,825	)		(420,286,864	)		(83,676,254	)		(86,329,309	)		(27,681,561	)		(40,163,264	)
Change in Net Assets from I Shares		289,299,728			(24,117,736	)		(3,232,562	)		23,012,354			(8,181,619	)		(22,964,200	)
A Shares:
Proceeds from Shares Issued		35,067,641			17,407,960			—			—			1,862,883			547,859
Dividends Reinvested		1,456,981			1,144,845			—			—			117,305			105,460
Cost of Shares Redeemed		(10,278,559	)		(8,648,965	)		—			—			(2,255,734	)		(853,074	)
Change in Net Assets from A Shares		26,246,063			9,903,840			—			—			(275,546	)		(199,755	)
C Shares:
Proceeds from Shares Issued		—			—			—			—			377,190			110,854
Dividends Reinvested		—			—			—			—			145,610			120,943
Cost of Shares Redeemed		—			—			—			—			(607,140	)		(777,823	)
Change in Net Assets from C Shares		—			—			—			—			(84,340	)		(546,026	)
R Shares:
Proceeds from Shares Issued		19,283,630			2,481,501			—			—			—			—
Dividends Reinvested		388,424			119,808			—			—			—			—
Cost of Shares Redeemed		(2,238,521	)		(383,038	)		—			—			—			—
Change in Net Assets from R Shares		17,433,533			2,218,271			—			—			—			—
Change in Net Assets from Capital Transactions	$	332,979,324		$	(11,995,625	)	$	(3,232,562	)	$	23,012,354		$	(8,541,505	)	$	(23,709,981	)
Shares Transactions:
I Shares:
Issued		51,033,539			33,464,356			8,026,217			10,917,003			1,845,938			1,643,887
Reinvested		3,173,130			3,265,628			80,910			87,700			313,232			271,019
Redeemed		(27,603,726	)		(39,231,404	)		(8,441,065	)		(8,689,313	)		(3,101,291	)		(4,489,408	)
Change in I Shares		26,602,943			(2,501,420	)		(333,938	)		2,315,390			(942,121	)		(2,574,502	)
A Shares:
Issued		3,135,704			1,551,432			—			—			198,829			60,432
Reinvested		131,126			105,553			—			—			13,277			11,977
Redeemed		(918,414	)		(799,449	)		—			—			(247,574	)		(94,259	)
Change in A Shares		2,348,416			857,536			—			—			(35,468	)		(21,850	)
C Shares:
Issued		—			—			—			—			41,590			11,843
Reinvested		—			—			—			—			16,504			13,809
Redeemed		—			—			—			—			(68,197	)		(85,927	)
Change in C Shares		—			—			—			—			(10,103	)		(60,275	)
R Shares:
Issued		1,784,803			229,853			—			—			—			—
Reinvested		36,059			11,402			—			—			—			—
Redeemed		(207,453	)		(36,519	)		—			—			—			—
Change in R Shares		1,613,409			204,736			—			—			—			—
Change in Shares		30,564,768			(1,439,148	)		(333,938	)		2,315,390			(987,692	)		(2,656,627	)

See Notes to Financial Statements.

159

STATEMENTS OF CHANGES IN NET ASSETS  (continued)

RIDGEWORTH FUNDS    For the Periods Indicated

	U.S. Government Securities Ultra-Short Bond Fund						Virginia Intermediate Municipal Bond Fund
	04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11
Operations:
Net Investment Income	$	9,577,397		$	11,270,394		$	5,227,681		$	6,537,287
Net Realized Gain		7,237,726			3,105,494			2,209,535			1,096,469
Net Change in Unrealized Appreciation (Depreciation)		14,153,073			10,267,889			6,562,584			(3,123,520	)
Change in Net Assets from Operations		30,968,196			24,643,777			13,999,800			4,510,236
Dividends and Distributions to Shareholders:
Net Investment Income:
I Shares		(18,399,183	)		(24,487,223	)		(4,852,332	)		(6,109,440	)
A Shares		—			—			(376,121	)		(428,739	)
Net Realized Gains:
I Shares		—			—			(1,576,153	)		(1,195,380	)
A Shares		—			—			(126,821	)		(85,539	)
Total Dividends and Distributions		(18,399,183	)		(24,487,223	)		(6,931,427	)		(7,819,098	)
Change in Net Assets from Capital Transactions		372,403,213			307,644,225			(24,967,805	)		(24,457,023	)
Change in Net Assets		384,972,226			307,800,779			(17,899,432	)		(27,765,885	)
Net Assets:
Beginning of Period		1,648,792,713			1,340,991,934			178,007,456			205,773,341
End of Period	$	2,033,764,939		$	1,648,792,713		$	160,108,024		$	178,007,456
Accumulated Net Investment Income (Loss), End of Period	$	(1,812	)	$	1,086,350		$	19,873		$	38,588

See Notes to Financial Statements.

160

STATEMENTS OF CHANGES IN NET ASSETS  (concluded)

RIDGEWORTH FUNDS    For the Periods Indicated

	U.S. Government Securities Ultra-Short Bond Fund						Virginia Intermediate Municipal Bond Fund
	04/01/11- 03/31/12			04/01/10- 03/31/11			04/01/11- 03/31/12			04/01/10- 03/31/11
Capital Transactions:
I Shares:
Proceeds from Shares Issued	$	1,470,590,379		$	1,363,673,677		$	14,125,962		$	22,185,284
Dividends Reinvested		14,858,009			19,505,615			898,136			702,540
Cost of Shares Redeemed		(1,113,045,175	)		(1,075,535,067	)		(39,516,640	)		(45,838,199	)
Change in Net Assets from I Shares		372,403,213			307,644,225			(24,492,542	)		(22,950,375	)
A Shares:
Proceeds from Shares Issued		—			—			2,022,146			2,197,507
Dividends Reinvested		—			—			197,534			239,221
Cost of Shares Redeemed		—			—			(2,694,943	)		(3,943,376	)
Change in Net Assets from A Shares		—			—			(475,263	)		(1,506,648	)
Change in Net Assets from Capital Transactions	$	372,403,213		$	307,644,225		$	(24,967,805	)	$	(24,457,023	)
Shares Transactions:
I Shares:
Issued		145,526,560			135,317,992			1,336,273			2,120,519
Reinvested		1,470,298			1,935,548			84,751			68,187
Redeemed		(110,166,678	)		(106,750,074	)		(3,744,900	)		(4,413,447	)
Change in I Shares		36,830,180			30,503,466			(2,323,876	)		(2,224,741	)
A Shares:
Issued		—			—			191,011			209,358
Reinvested		—			—			18,685			22,918
Redeemed		—			—			(254,130	)		(381,164	)
Change in A Shares		—			—			(44,434	)		(148,888	)
Change in Shares		36,830,180			30,503,466			(2,368,310	)		(2,373,629	)

See Notes to Financial Statements.

161

FINANCIAL HIGHLIGHTS

RIDGEWORTH FUNDS    Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.

	Net Asset Value, Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gains (Losses) on Investments			Total from Operations			Dividends from Net Investment Income			Tax Basis Return of Capital			Distributions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value, End of Period		Total Return(a)			Net Assets End of Period (000)		Ratio of Net Expenses to Average Net Assets(b)			Ratio of Net Investment Income to Average Net Assets(b)			Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(b)			Portfolio Turnover Rate(c)
Core Bond Fund
I Shares
Year Ended March 31, 2012	$	11.00	$	0.24	(d)		$0.81			$1.05		$	(0.27	)		$—		$	(0.68	)	$	(0.95	)	$	11.10		9.65	%	$	439,017		0.48	%		2.15	%		0.48	%		211	%
Year Ended March 31, 2011		11.42		0.36	(d)		0.09			0.45			(0.25	)		(0.10	)		(0.52	)		(0.87	)		11.00		3.91			295,931		0.60			3.11			0.60			121
Year Ended March 31, 2010		10.93		0.43			0.46			0.89			(0.39	)		—			(0.01	)		(0.40	)		11.42		8.26			372,232		0.57			3.89			0.57			99
Year Ended March 31, 2009		10.74		0.46			0.24			0.70			(0.51	)		—			—			(0.51	)		10.93		6.78			389,205		0.56			4.38			0.56			208
Year Ended March 31, 2008		10.49		0.50			0.26			0.76			(0.51	)		—			—			(0.51	)		10.74		7.47			385,110		0.56			4.82			0.56			227
A Shares
Year Ended March 31, 2012		11.00		0.21	(d)		0.80			1.01			(0.23	)		—			(0.68	)		(0.91	)		11.10		9.29			21,644		0.82			1.84			0.82			211
Year Ended March 31, 2011		11.42		0.35	(d)		0.06			0.41			(0.21	)		(0.10	)		(0.52	)		(0.83	)		11.00		3.61			19,087		0.87			3.03			0.87			121
Year Ended March 31, 2010		10.93		0.41			0.45			0.86			(0.36	)		—			(0.01	)		(0.37	)		11.42		7.91			26,790		0.89			3.59			0.89			99
Year Ended March 31, 2009		10.74		0.43			0.24			0.67			(0.48	)		—			—			(0.48	)		10.93		6.46			25,996		0.86			4.10			0.86			208
Year Ended March 31, 2008		10.49		0.47			0.26			0.73			(0.48	)		—			—			(0.48	)		10.74		7.15			14,495		0.86			4.54			0.86			227
R Shares
Year Ended March 31, 2012		11.01		0.18	(d)		0.78			0.96			(0.19	)		—			(0.68	)		(0.87	)		11.10		8.83			5,952		1.16			1.55			1.16			211
Year Ended March 31, 2011		11.42		0.31	(d)		0.08			0.39			(0.18	)		(0.10	)		(0.52	)		(0.80	)		11.01		3.41			6,648		1.20			2.71			1.20			121
Year Ended March 31, 2010		10.93		0.37			0.45			0.82			(0.32	)		—			(0.01	)		(0.33	)		11.42		7.54			9,616		1.23			3.23			1.23			99
Year Ended March 31, 2009		10.75		0.37			0.22			0.59			(0.41	)		—			—			(0.41	)		10.93		5.62			11,268		1.55			3.37			1.55			208
Year Ended March 31, 2008		10.50		0.40			0.26			0.66			(0.41	)		—			—			(0.41	)		10.75		6.40			7,709		1.56			3.83			1.56			227
Corporate Bond Fund
I Shares
Year Ended March 31, 2012		9.59		0.39	(d)		0.46			0.85			(0.39	)		—			(0.70	)		(1.09	)		9.35		9.10			57,203		0.61			3.98			0.61			88
Year Ended March 31, 2011		9.63		0.45	(d)		0.20			0.65			(0.45	)		—			(0.24	)		(0.69	)		9.59		6.92			63,132		0.52			4.56			0.52			47
Year Ended March 31, 2010		8.53		0.46	(d)		1.09			1.55			(0.45	)		—			—			(0.45	)		9.63		18.49			157,739		0.50			4.86			0.50			75
Year Ended March 31, 2009		9.60		0.49	(d)		(0.86	)		(0.37	)		(0.70	)		—			—			(0.70	)		8.53		(4.10	)		39,881		0.73			5.29			0.74			357
Year Ended March 31, 2008		9.88		0.60	(d)		(0.27	)		0.33			(0.61	)		—			—			(0.61	)		9.60		3.43			62,581		0.69			6.16			0.71			439
A Shares
Year Ended March 31, 2012		9.64		0.36	(d)		0.46			0.82			(0.36	)		—			(0.70	)		(1.06	)		9.40		8.78			4,325		0.88			3.68			0.88			88
Year Ended March 31, 2011		9.67		0.42	(d)		0.21			0.63			(0.42	)		—			(0.24	)		(0.66	)		9.64		6.67			2,198		0.83			4.25			0.83			47
Year Ended March 31, 2010		8.57		0.43	(d)		1.10			1.53			(0.43	)		—			—			(0.43	)		9.67		18.05			4,524		0.80			4.52			0.80			75
Year Ended March 31, 2009		9.64		0.45	(d)		(0.85	)		(0.40	)		(0.67	)		—			—			(0.67	)		8.57		(4.37	)		2,181		1.03			4.96			1.03			357
Year Ended March 31, 2008		9.92		0.57	(d)		(0.27	)		0.30			(0.58	)		—			—			(0.58	)		9.64		3.10			1,226		0.99			5.84			1.00			439
C Shares
Year Ended March 31, 2012		9.59		0.29	(d)		0.46			0.75			(0.29	)		—			(0.70	)		(0.99	)		9.35		8.05			18,317		1.58			3.00			1.58			88
Year Ended March 31, 2011		9.63		0.36	(d)		0.20			0.56			(0.36	)		—			(0.24	)		(0.60	)		9.59		5.87			16,193		1.50			3.64			1.50			47
Year Ended March 31, 2010		8.53		0.36			1.10			1.46			(0.36	)		—			—			(0.36	)		9.63		17.32			18,885		1.50			3.89			1.50			75
Year Ended March 31, 2009		9.61		0.40	(d)		(0.87	)		(0.47	)		(0.61	)		—			—			(0.61	)		8.53		(5.16	)		18,171		1.73			4.32			1.74			357
Year Ended March 31, 2008		9.88		0.50	(d)		(0.26	)		0.24			(0.51	)		—			—			(0.51	)		9.61		2.50			24,777		1.70			5.17			1.71			439
Georgia Tax-Exempt Bond Fund
I Shares
Year Ended March 31, 2012		9.73		0.36	(d)		0.82			1.18			(0.36	)		—			—			(0.36	)		10.55		12.33			145,803		0.62			3.55			0.62			57
Year Ended March 31, 2011		10.23		0.39	(d)		(0.50	)		(0.11	)		(0.39	)		—			—			(0.39	)		9.73		(1.19	)		159,996		0.61			3.81			0.61			44
Year Ended March 31, 2010		9.81		0.39			0.42			0.81			(0.39	)		—			—			(0.39	)		10.23		8.32			205,856		0.60			3.80			0.60			45
Year Ended March 31, 2009^		9.95		0.37			(0.14	)		0.23			(0.37	)		—			—			(0.37	)		9.81		2.43			163,761		0.67			3.82			0.68			63
Year Ended March 31, 2008		10.25		0.39			(0.33	)		0.06			(0.36	)		—			—			(0.36	)		9.95		0.60			169,453		0.59			3.83			0.60			30

See Notes to Financial Highlights and Notes to Financial Statements.

162

FINANCIAL HIGHLIGHTS

RIDGEWORTH FUNDS     Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.

	Net Asset Value, Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gains (Losses) on Investments			Total from Operations			Dividends from Net Investment Income			Tax Basis Return of Capital			Distributions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value, End of Period		Total Return(a)			Net Assets End of Period (000)		Ratio of Net Expenses to Average Net Assets(b)			Ratio of Net Investment Income to Average Net Assets(b)			Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(b)			Portfolio Turnover Rate(c)
A Shares
Year Ended March 31, 2012	$	9.75	$	0.35	(d)		$0.82			$1.17		$	(0.35	)	$	—		$	—		$	(0.35	)	$	10.57		12.14	%		$4,280		0.77	%		3.39	%		0.77	%		57	%
Year Ended March 31, 2011		10.24		0.37	(d)		(0.49	)		(0.12	)		(0.37	)		—			—			(0.37	)		9.75		(1.24	)		5,557		0.76			3.64			0.76			44
Year Ended March 31, 2010		9.83		0.36			0.42			0.78			(0.37	)		—			—			(0.37	)		10.24		8.03			10,184		0.75			3.56			0.75			45
Year Ended March 31, 2009^		9.97		0.37			(0.15	)		0.22			(0.36	)		—			—			(0.36	)		9.83		2.27			2,747		0.82			3.66			0.83			63
Year Ended March 31, 2008		10.26		0.38			(0.32	)		0.06			(0.35	)		—			—			(0.35	)		9.97		0.54			4,164		0.74			3.63			0.75			30
High Grade Municipal Bond Fund
I Shares
Year Ended March 31, 2012		10.92		0.38	(d)		1.07			1.45			(0.38	)		—			(0.03	)		(0.41	)		11.96		13.43			42,963		0.64			3.29			0.66			218
Year Ended March 31, 2011		11.15		0.44	(d)		(0.23	)		0.21			(0.44	)		—			—			(0.44	)		10.92		1.82			47,695		0.65			3.90			0.71			122
Year Ended March 31, 2010		10.49		0.42			0.66			1.08			(0.42	)		—			—			(0.42	)		11.15		10.43			55,203		0.64			3.83			0.66			123
Year Ended March 31, 2009		10.80		0.38			(0.31	)		0.07			(0.38	)		—			—			(0.38	)		10.49		0.72			74,586		0.62			3.57			0.62			209
Year Ended March 31, 2008		10.92		0.37			(0.09	)		0.28			(0.37	)		—			(0.03	)		(0.40	)		10.80		2.58			173,975		0.66			3.40			0.66			183
A Shares
Year Ended March 31, 2012		10.92		0.36	(d)		1.08			1.44			(0.36	)		—			(0.03	)		(0.39	)		11.97		13.36			8,155		0.79			3.15			0.81			218
Year Ended March 31, 2011		11.15		0.42	(d)		(0.23	)		0.19			(0.42	)		—			—			(0.42	)		10.92		1.66			7,914		0.80			3.72			0.87			122
Year Ended March 31, 2010		10.49		0.40			0.66			1.06			(0.40	)		—			—			(0.40	)		11.15		10.26			5,605		0.79			3.66			0.81			123
Year Ended March 31, 2009		10.80		0.37			(0.31	)		0.06			(0.37	)		—			—			(0.37	)		10.49		0.56			1,900		0.78			3.47			0.78			209
Year Ended March 31, 2008		10.93		0.35			(0.10	)		0.25			(0.35	)		—			(0.03	)		(0.38	)		10.80		2.33			2,442		0.81			3.26			0.81			183
High Income Fund
I Shares
Year Ended March 31, 2012		7.29		0.51	(d)		(0.32	)		0.19			(0.52	)		—			(0.07	)		(0.59	)		6.89		3.04			576,626		0.71			7.37			0.71			148
Year Ended March 31, 2011		6.77		0.50	(d)		0.54			1.04			(0.50	)		—			(0.02	)		(0.52	)		7.29		15.83	(e)		394,690		0.70			7.10			0.70			269
Year Ended March 31, 2010		4.67		0.55			2.09			2.64			(0.54	)		—			—			(0.54	)		6.77		58.65			148,252		0.70			8.97			0.72			466
Year Ended March 31, 2009		6.40		0.54			(1.74	)		(1.20	)		(0.53	)		—			—			(0.53	)		4.67		(19.40	)		23,995		0.70			9.67			0.76			368
Year Ended March 31, 2008		7.36		0.57			(0.82	)		(0.25	)		(0.58	)		—			(0.13	)		(0.71	)		6.40		(3.68	)		30,587		0.70			8.23			0.71			403
A Shares
Year Ended March 31, 2012		7.29		0.49	(d)		(0.31	)		0.18			(0.50	)		—			(0.07	)		(0.57	)		6.90		2.74			99,210		1.00			7.09			1.00			148
Year Ended March 31, 2011		6.78		0.47	(d)		0.54			1.01			(0.48	)		—			(0.02	)		(0.50	)		7.29		15.47			70,552		1.00			6.62			1.00			269
Year Ended March 31, 2010		4.68		0.53			2.09			2.62			(0.52	)		—			—			(0.52	)		6.78		58.07			3,822		0.99			8.67			1.01			466
Year Ended March 31, 2009		6.41		0.52			(1.74	)		(1.22	)		(0.51	)		—			—			(0.51	)		4.68		(19.60	)		860		0.99			8.33			1.04			368
Year Ended March 31, 2008		7.37		0.55			(0.82	)		(0.27	)		(0.56	)		—			(0.13	)		(0.69	)		6.41		(3.96	)		847		1.00			7.95			1.02			403
R Shares(f)
Year Ended March 31, 2012		7.29		0.47	(d)		(0.33	)		0.14			(0.47	)		—			(0.07	)		(0.54	)		6.89		2.25			20,317		1.35			6.76			1.35			148
Year Ended March 31, 2011		6.78		0.45	(d)		0.53			0.98			(0.45	)		—			(0.02	)		(0.47	)		7.29		15.07			15,671		1.40			6.54			1.40			269
Year Ended March 31, 2010		4.67		0.51			2.10			2.61			(0.50	)		—			—			(0.50	)		6.78		57.86			16,176		1.35			8.68			1.38			466
Year Ended March 31, 2009		6.40		0.49			(1.74	)		(1.25	)		(0.48	)		—			—			(0.48	)		4.67		(20.20	)		12,249		1.70			8.54			1.76			368
Year Ended March 31, 2008		7.36		0.50			(0.82	)		(0.32	)		(0.51	)		—			(0.13	)		(0.64	)		6.40		(4.63	)		20,546		1.71			7.24			1.72			403
Intermediate Bond Fund
I Shares
Year Ended March 31, 2012		10.35		0.22	(d)		0.45			0.67			(0.22	)		—			(0.35	)		(0.57	)		10.45		6.45			1,194,207		0.35			2.04			0.35			139
Year Ended March 31, 2011		10.53		0.29	(d)		0.11			0.40			(0.25	)		(0.03	)		(0.30	)		(0.58	)		10.35		3.75			1,305,914		0.34			2.73			0.34			128
Year Ended March 31, 2010		10.27		0.34	(d)		0.27			0.61			(0.30	)		—			(0.05	)		(0.35	)		10.53		6.08			1,559,191		0.31			3.24			0.31			122
Year Ended March 31, 2009		10.29		0.43			0.24			0.67			(0.46	)		—			(0.23	)		(0.69	)		10.27		6.83			1,071,496		0.29			4.24			0.29			217
Year Ended March 31, 2008		9.96		0.50			0.33			0.83			(0.49	)		—			(0.01	)		(0.50	)		10.29		8.57			812,982		0.29			4.80			0.30			254

See Notes to Financial Highlights and Notes to Financial Statements.

163

FINANCIAL HIGHLIGHTS

RIDGEWORTH FUNDS     Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.

	Net Asset Value, Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gains (Losses) on Investments			Total from Operations			Dividends from Net Investment Income			Tax Basis Return of Capital			Distributions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value, End of Period		Total Return(a)			Net Assets End of Period (000)		Ratio of Net Expenses to Average Net Assets(b)			Ratio of Net Investment Income to Average Net Assets(b)			Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(b)			Portfolio Turnover Rate(c)
A Shares
Year Ended March 31, 2012	$	10.35	$	0.19	(d)		$0.46			$0.65		$	(0.19	)		$—		$	(0.35	)	$	(0.54	)	$	10.46		6.26	%		$11,320		0.62	%		1.75	%		0.62	%		139	%
Year Ended March 31, 2011		10.53		0.28	(d)		0.09			0.37			(0.22	)		(0.03	)		(0.30	)		(0.55	)		10.35		3.49			12,926		0.60			2.62			0.60			128
Year Ended March 31, 2010		10.27		0.31	(d)		0.28			0.59			(0.28	)		—			(0.05	)		(0.33	)		10.53		5.83			11,916		0.55			2.96			0.55			122
Year Ended March 31, 2009		10.29		0.41	(d)		0.23			0.64			(0.43	)		—			(0.23	)		(0.66	)		10.27		6.54			2,624		0.54			3.89			0.54			217
Year Ended March 31, 2008		9.95		0.47	(d)		0.34			0.81			(0.46	)		—			(0.01	)		(0.47	)		10.29		8.39			736		0.55			4.60			0.55			254
R Shares(g)
Year Ended March 31, 2012		10.35		0.14	(d)		0.45			0.59			(0.14	)		—			(0.35	)		(0.49	)		10.45		5.72			749		1.04			1.36			1.04			139
Year Ended March 31, 2011		10.53		0.23	(d)		0.09			0.32			(0.17	)		(0.03	)		(0.30	)		(0.50	)		10.35		3.03			901		1.10			2.13			1.10			128
Year Ended March 31, 2010		10.27		0.27	(d)		0.28			0.55			(0.24	)		—			(0.05	)		(0.29	)		10.53		5.47			1,068		0.91			2.56			0.91			122
Year Ended March 31, 2009		10.29		0.36			0.22			0.58			(0.37	)		—			(0.23	)		(0.60	)		10.27		5.84			543		1.02			3.33			1.02			217
Period from January 18, 2008 through March 31, 2008^^		10.32		0.07			(0.03	)		0.04			(0.07	)		—			—			(0.07	)		10.29		0.40			9		1.28			3.62			1.28			254
Period from April 1, 2007 through October 15, 2007^^		9.95		0.21			0.01			0.22			(0.21	)		—			—			(0.21	)		9.96		2.21			1		1.43			3.86			1.43			254
Investment Grade Tax-Exempt Bond Fund
I Shares
Year Ended March 31, 2012		11.65		0.29	(d)		0.93			1.22			(0.29	)		—			(0.09	)		(0.38	)		12.49		10.62			950,629		0.61			2.38			0.61			199
Year Ended March 31, 2011		11.99		0.33	(d)		(0.06	)		0.27			(0.33	)		—			(0.28	)		(0.61	)		11.65		2.22			1,067,672		0.57			2.71			0.57			159
Year Ended March 31, 2010		11.60		0.37			0.56			0.93			(0.37	)		—			(0.17	)		(0.54	)		11.99		8.15			1,037,972		0.55			3.08			0.56			169
Year Ended March 31, 2009		11.59		0.38			0.08			0.46			(0.38	)		—			(0.07	)		(0.45	)		11.60		4.12			817,297		0.54			3.30			0.55			221
Year Ended March 31, 2008		11.47		0.38			0.15			0.53			(0.38	)		—			(0.03	)		(0.41	)		11.59		4.73			546,323		0.57			3.32			0.57			189
A Shares
Year Ended March 31, 2012		11.66		0.26	(d)		0.93			1.19			(0.26	)		—			(0.09	)		(0.35	)		12.50		10.33			37,840		0.87			2.12			0.87			199
Year Ended March 31, 2011		12.00		0.29	(d)		(0.06	)		0.23			(0.29	)		—			(0.28	)		(0.57	)		11.66		1.93			31,189		0.85			2.42			0.85			159
Year Ended March 31, 2010		11.61		0.34			0.56			0.90			(0.34	)		—			(0.17	)		(0.51	)		12.00		7.82			24,344		0.84			2.74			0.85			169
Year Ended March 31, 2009		11.60		0.34			0.08			0.42			(0.34	)		—			(0.07	)		(0.41	)		11.61		3.81			13,819		0.84			2.97			0.84			221
Year Ended March 31, 2008		11.48		0.35			0.15			0.50			(0.35	)		—			(0.03	)		(0.38	)		11.60		4.41			10,869		0.87			3.02			0.87			189
Limited Duration Fund
I Shares
Year Ended March 31, 2012		9.76		0.07	(d)		(0.01	)		0.06			(0.06	)		—			—			(0.06	)		9.76		0.58			16,002		0.28			0.68			0.28			58
Year Ended March 31, 2011		9.71		0.10	(d)		0.03			0.13			(0.08	)		—			—			(0.08	)		9.76		1.37			21,883		0.22			1.11			0.22			76
Year Ended March 31, 2010		9.52		0.08			0.18			0.26			(0.07	)		—			—			(0.07	)		9.71		2.69			22,482		0.23			0.82			0.23			124
Year Ended March 31, 2009		9.87		0.23			(0.37	)		(0.14	)		(0.21	)		—			—			(0.21	)		9.52		(1.38	)		30,826		0.19			2.43			0.19			44
Year Ended March 31, 2008		9.98		0.50			(0.12	)		0.38			(0.49	)		—			—			(0.49	)		9.87		3.90			43,509		0.17			5.01			0.17			132
Limited-Term Federal Mortgage Securities Fund
I Shares
Year Ended March 31, 2012		10.59		0.12	(d)		0.62			0.74			(0.24	)		—			—			(0.24	)		11.09		7.01			24,688		0.66			1.06			0.72			299
Year Ended March 31, 2011		10.38		0.19	(d)		0.30			0.49			(0.28	)		—			—			(0.28	)		10.59		4.73			30,522		0.65			1.77			0.80			452
Year Ended March 31, 2010		10.19		0.31			0.23			0.54			(0.35	)		—			—			(0.35	)		10.38		5.41			20,998		0.62			3.25			0.66			435
Year Ended March 31, 2009		9.93		0.43			0.29			0.72			(0.46	)		—			—			(0.46	)		10.19		7.48			39,135		0.60			4.34			0.60			337
Year Ended March 31, 2008		9.94		0.46	(d)		0.03			0.49			(0.50	)		—			—			(0.50	)		9.93		5.08			85,638		0.58			4.63			0.58			154

See Notes to Financial Highlights and Notes to Financial Statements.

164

FINANCIAL HIGHLIGHTS

RIDGEWORTH FUNDS     Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.

	Net Asset Value, Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gains (Losses) on Investments			Total from Operations			Dividends from Net Investment Income			Tax Basis Return of Capital		Distributions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value, End of Period		Total Return(a)			Net Assets End of Period (000)		Ratio of Net Expenses to Average Net Assets(b)			Ratio of Net Investment Income to Average Net Assets(b)			Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(b)			Portfolio Turnover Rate(c)
A Shares
Year Ended March 31, 2012	$	10.57	$	0.09	(d)		$0.62			$0.71		$	(0.21	)	$	—		$—		$	(0.21	)	$	11.07		6.81	%		$6,279		0.86	%		0.78	%		0.93	%		299	%
Year Ended March 31, 2011		10.36		0.17	(d)		0.30			0.47			(0.26	)		—		—			(0.26	)		10.57		4.53			2,924		0.85			1.63			1.01			452
Year Ended March 31, 2010		10.17		0.30			0.22			0.52			(0.33	)		—		—			(0.33	)		10.36		5.21			2,598		0.82			2.91			0.88			435
Year Ended March 31, 2009		9.91		0.41			0.29			0.70			(0.44	)		—		—			(0.44	)		10.17		7.29			2,143		0.81			4.14			0.81			337
Year Ended March 31, 2008		9.92		0.44	(d)		0.03			0.47			(0.48	)		—		—			(0.48	)		9.91		4.88			2,670		0.78			4.46			0.78			154
C Shares
Year Ended March 31, 2012		10.59		0.01	(d)		0.62			0.63			(0.13	)		—		—			(0.13	)		11.09		5.94			7,376		1.66			0.06			1.71			299
Year Ended March 31, 2011		10.38		0.09	(d)		0.29			0.38			(0.17	)		—		—			(0.17	)		10.59		3.69			7,375		1.66			0.82			1.82			452
Year Ended March 31, 2010		10.19		0.22			0.22			0.44			(0.25	)		—		—			(0.25	)		10.38		4.36			8,265		1.62			2.15			1.67			435
Year Ended March 31, 2009		9.93		0.33			0.29			0.62			(0.36	)		—		—			(0.36	)		10.19		6.42			8,556		1.60			3.33			1.60			337
Year Ended March 31, 2008		9.94		0.36	(d)		0.03			0.39			(0.40	)		—		—			(0.40	)		9.93		4.04			10,798		1.58			3.65			1.59			154
North Carolina Tax-Exempt Bond Fund
I Shares
Year Ended March 31, 2012		9.70		0.33	(d)		0.77			1.10			(0.33	)		—		—			(0.33	)		10.47		11.51			50,412		0.67			3.27			0.67			39
Year Ended March 31, 2011		10.07		0.36	(d)		(0.37	)		(0.01	)		(0.36	)		—		—			(0.36	)		9.70		(0.14	)		51,372		0.64			3.61			0.64			49
Year Ended March 31, 2010		9.63		0.37			0.44			0.81			(0.37	)		—		—			(0.37	)		10.07		8.53			51,866		0.62			3.72			0.62			65
Year Ended March 31, 2009		9.71		0.35			(0.08	)		0.27			(0.35	)		—		—			(0.35	)		9.63		2.88			43,660		0.61			3.66			0.61			74
Year Ended March 31, 2008		10.05		0.37			(0.34	)		0.03			(0.37	)		—		—			(0.37	)		9.71		0.26			43,046		0.61			3.69			0.61			76
A Shares
Year Ended March 31, 2012		9.67		0.32	(d)		0.78			1.10			(0.32	)		—		—			(0.32	)		10.45		11.47			633		0.82			3.11			0.82			39
Year Ended March 31, 2011		10.04		0.35	(d)		(0.37	)		(0.02	)		(0.35	)		—		—			(0.35	)		9.67		(0.30	)		693		0.79			3.47			0.79			49
Year Ended March 31, 2010		9.61		0.36			0.43			0.79			(0.36	)		—		—			(0.36	)		10.04		8.28			762		0.77			3.57			0.77			65
Year Ended March 31, 2009		9.68		0.33			(0.06	)		0.27			(0.34	)		—		—			(0.34	)		9.61		2.84			559		0.76			3.53			0.76			74
Year Ended March 31, 2008		10.03		0.34			(0.34	)		—			(0.35	)		—		—			(0.35	)		9.68		0.01			760		0.77			3.57			0.77			76
Seix Floating Rate High Income Fund(h)
I Shares
Year Ended March 31, 2012		9.01		0.50	(d)		(0.22	)		0.28			(0.46	)		—		—			(0.46	)		8.83		3.31			3,419,351		0.60			5.69			0.60			72
Year Ended March 31, 2011		8.80		0.59	(d)		0.15			0.74			(0.53	)		—		—			(0.53	)		9.01		8.64			3,078,972		0.51			6.62			0.51			104
Year Ended March 31, 2010		7.37		0.53			1.40			1.93			(0.50	)		—		—			(0.50	)		8.80		26.68			1,173,308		0.50			7.08			0.50			117
Year Ended March 31, 2009		8.90		0.52			(1.53	)		(1.01	)		(0.52	)		—		—			(0.52	)		7.37		(11.67	)		557,347		0.49			6.31			0.49			226
Year Ended March 31, 2008		9.98		0.70			(1.06	)		(0.36	)		(0.70	)		—		(0.02	)		(0.72	)		8.90		(3.85	)		553,208		0.51			7.34			0.51			134
A Shares
Year Ended March 31, 2012		9.01		0.48	(d)		(0.22	)		0.26			(0.44	)		—		—			(0.44	)		8.83		3.05			51,185		0.85			5.47			0.85			72
Year Ended March 31, 2011		8.80		0.55	(d)		0.16			0.71			(0.50	)		—		—			(0.50	)		9.01		8.29			69,159		0.84			6.22			0.84			104
Year Ended March 31, 2010		7.38		0.50			1.39			1.89			(0.47	)		—		—			(0.47	)		8.80		26.11			22,298		0.81			6.81			0.81			117
Year Ended March 31, 2009		8.90		0.50			(1.52	)		(1.02	)		(0.50	)		—		—			(0.50	)		7.38		(11.82	)		5,513		0.79			6.08			0.79			226
Year Ended March 31, 2008		9.99		0.67			(1.07	)		(0.40	)		(0.67	)		—		(0.02	)		(0.69	)		8.90		(4.25	)		6,591		0.82			7.01			0.82			134
C Shares
Year Ended March 31, 2012		9.02		0.42	(d)		(0.23	)		0.19			(0.38	)		—		—			(0.38	)		8.83		2.26			30,132		1.52			4.77			1.52			72
Year Ended March 31, 2011		8.81		0.50	(d)		0.15			0.65			(0.44	)		—		—			(0.44	)		9.02		7.57			22,234		1.50			5.65			1.50			104
Year Ended March 31, 2010		7.37		0.45			1.41			1.86			(0.42	)		—		—			(0.42	)		8.81		25.59			7,402		1.49			6.35			1.49			117
Year Ended March 31, 2009		8.90		0.44			(1.53	)		(1.09	)		(0.44	)		—		—			(0.44	)		7.37		(12.55	)		543		1.49			5.27			1.49			226
Period Ended March 31, 2008		9.52		0.40			(0.61	)		(0.21	)		(0.39	)		—		(0.02	)		(0.41	)		8.90		(2.31	)		216		1.49			6.43			1.49			134

See Notes to Financial Highlights and Notes to Financial Statements.

165

FINANCIAL HIGHLIGHTS

RIDGEWORTH FUNDS     Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.

	Net Asset Value, Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gains (Losses) on Investments			Total from Operations			Dividends from Net Investment Income			Tax Basis Return of Capital		Distributions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value, End of Period		Total Return(a)			Net Assets End of Period (000)		Ratio of Net Expenses to Average Net Assets(b)			Ratio of Net Investment Income to Average Net Assets(b)			Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(b)			Portfolio Turnover Rate(c)
Seix High Yield Fund
I Shares
Year Ended March 31, 2012	$	10.07	$	0.70	(d)	$	(0.38	)		$0.32		$	(0.70	)	$	—		$—		$	(0.70	)		$9.69		3.44	%	$	2,123,625		0.54	%		7.27	%		0.54	%		83	%
Year Ended March 31, 2011		9.46		0.77	(d)		0.61			1.38			(0.77	)		—		—			(0.77	)		10.07		15.24			1,724,652		0.51			7.96			0.51			119
Year Ended March 31, 2010		7.75		0.77			1.70			2.47			(0.76	)		—		—			(0.76	)		9.46		32.91			1,723,678		0.48			8.54			0.49			116
Year Ended March 31, 2009		9.77		0.78			(2.03	)		(1.25	)		(0.77	)		—		—			(0.77	)		7.75		(13.15	)		786,029		0.50			8.99			0.51			114
Year Ended March 31, 2008		10.84		0.80			(1.06	)		(0.26	)		(0.81	)		—		—			(0.81	)		9.77		(2.50	)		663,081		0.49			7.70			0.50			117
A Shares
Year Ended March 31, 2012		9.84		0.65	(d)		(0.36	)		0.29			(0.66	)		—		—			(0.66	)		9.47		3.21			38,016		0.78			6.91			0.78			83
Year Ended March 31, 2011		9.25		0.73	(d)		0.60			1.33			(0.74	)		—		—			(0.74	)		9.84		14.99			35,238		0.77			7.74			0.77			119
Year Ended March 31, 2010		7.58		0.74			1.67			2.41			(0.74	)		—		—			(0.74	)		9.25		32.81			28,378		0.75			8.51			0.75			116
Year Ended March 31, 2009		9.55		0.75			(1.97	)		(1.22	)		(0.75	)		—		—			(0.75	)		7.58		(13.14	)		18,530		0.76			8.84			0.77			114
Year Ended March 31, 2008		10.60		0.77			(1.04	)		(0.27	)		(0.78	)		—		—			(0.78	)		9.55		(2.65	)		21,640		0.75			7.68			0.75			117
R Shares(f)
Year Ended March 31, 2012		10.07		0.65	(d)		(0.40	)		0.25			(0.64	)		—		—			(0.64	)		9.68		2.69			2,427		1.18			6.68			1.18			83
Year Ended March 31, 2011		9.45		0.71	(d)		0.62			1.33			(0.71	)		—		—			(0.71	)		10.07		14.61			3,341		1.20			7.43			1.20			119
Year Ended March 31, 2010		7.75		0.71			1.69			2.40			(0.70	)		—		—			(0.70	)		9.45		31.92			6,347		1.14			7.92			1.14			116
Year Ended March 31, 2009		9.77		0.70			(2.03	)		(1.33	)		(0.69	)		—		—			(0.69	)		7.75		(14.01	)		5,060		1.50			7.90			1.50			114
Year Ended March 31, 2008		10.83		0.70			(1.05	)		(0.35	)		(0.71	)		—		—			(0.71	)		9.77		(3.40	)		4,012		1.50			6.75			1.50			117
Short-Term Bond Fund
I Shares
Year Ended March 31, 2012		9.95		0.20	(d)		0.06			0.26			(0.22	)		—		—			(0.22	)		9.99		2.60			310,854		0.48			2.00			0.48			86
Year Ended March 31, 2011		9.94		0.21	(d)		0.02			0.23			(0.22	)		—		—			(0.22	)		9.95		2.28			350,162		0.48			2.12			0.48			189
Year Ended March 31, 2010		9.40		0.30			0.53			0.83			(0.29	)		—		—			(0.29	)		9.94		8.91	(e)		489,413		0.46			3.00			0.46			122
Year Ended March 31, 2009		9.87		0.40			(0.47	)		(0.07	)		(0.40	)		—		—			(0.40	)		9.40		(0.70	)(e)		326,801		0.46			4.20			0.46			122
Year Ended March 31, 2008		9.78		0.45			0.09			0.54			(0.45	)		—		—			(0.45	)		9.87		5.63			390,659		0.45			4.58			0.46			152
A Shares
Year Ended March 31, 2012		9.98		0.17	(d)		0.06			0.23			(0.19	)		—		—			(0.19	)		10.02		2.32			2,478		0.76			1.75			0.76			86
Year Ended March 31, 2011		9.96		0.19	(d)		0.03			0.22			(0.20	)		—		—			(0.20	)		9.98		2.18			2,642		0.67			1.94			0.67			189
Year Ended March 31, 2010		9.42		0.28			0.53			0.81			(0.27	)		—		—			(0.27	)		9.96		8.65	(e)		3,389		0.68			2.78			0.68			122
Year Ended March 31, 2009		9.89		0.38			(0.47	)		(0.09	)		(0.38	)		—		—			(0.38	)		9.42		(0.90	)(e)		2,715		0.66			4.00			0.66			122
Year Ended March 31, 2008		9.81		0.43			0.08			0.51			(0.43	)		—		—			(0.43	)		9.89		5.30			3,767		0.65			4.38			0.66			152
C Shares
Year Ended March 31, 2012		9.98		0.10	(d)		0.05			0.15			(0.12	)		—		—			(0.12	)		10.01		1.48			3,009		1.48			1.01			1.48			86
Year Ended March 31, 2011		9.96		0.11	(d)		0.03			0.14			(0.12	)		—		—			(0.12	)		9.98		1.36			2,685		1.47			1.12			1.47			189
Year Ended March 31, 2010		9.42		0.20			0.53			0.73			(0.19	)		—		—			(0.19	)		9.96		7.81	(e)		2,754		1.46			2.03			1.46			122
Year Ended March 31, 2009		9.89		0.30			(0.47	)		(0.17	)		(0.30	)		—		—			(0.30	)		9.42		(1.69	)(e)		2,948		1.45			3.20			1.46			122
Year Ended March 31, 2008		9.81		0.35			0.08			0.43			(0.35	)		—		—			(0.35	)		9.89		4.46			3,477		1.46			3.58			1.46			152
Short-Term Municipal Bond Fund*
I Shares
Year Ended March 31, 2012		10.16		0.32	(d)		0.70			1.02			(0.31	)		—		(0.14	)		(0.45	)		10.73		10.16			5,956		0.67			3.00			0.77			27
Year Ended March 31, 2011		10.48		0.35	(d)		(0.29	)		0.06			(0.35	)		—		(0.03	)		(0.38	)		10.16		0.53			21,302		0.68			3.32			0.68			33
Year Ended March 31, 2010		10.04		0.37			0.44			0.81			(0.37	)		—		—			(0.37	)		10.48		8.18			24,332		0.65			3.58			0.65			35
Year Ended March 31, 2009		10.04		0.37			—			0.37			(0.37	)		—		—			(0.37	)		10.04		3.79			26,064		0.63			3.71			0.63			26
Year Ended March 31, 2008		10.21		0.37			(0.16	)		0.21			(0.37	)		—		(0.01	)		(0.38	)		10.04		2.07			38,138		0.62			3.66			0.62			23

See Notes to Financial Highlights and Notes to Financial Statements.

166

FINANCIAL HIGHLIGHTS

RIDGEWORTH FUNDS     Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.

	Net Asset Value, Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gains (Losses) on Investments			Total from Operations		Dividends from Net Investment Income			Tax Basis Return of Capital			Distributions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value, End of Period		Total Return(a)			Net Assets End of Period (000)		Ratio of Net Expenses to Average Net Assets(b)			Ratio of Net Investment Income to Average Net Assets(b)			Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(b)			Portfolio Turnover Rate(c)
A Shares
Year Ended March 31, 2012	$	10.16	$	0.29	(d)		$0.71		$	1.00	$	(0.29	)		$—		$	(0.14	)	$	(0.43	)	$	10.73		10.00	%		$3,445		0.82	%		2.77	%		0.97	%		27	%
Year Ended March 31, 2011		10.48		0.33	(d)		(0.29	)		0.04		(0.33	)		—			(0.03	)		(0.36	)		10.16		0.38			4,081		0.83			3.18			0.83			33
Period Ended March 31, 2010#		10.29		0.24			0.19			0.43		(0.24	)		—			—			(0.24	)		10.48		4.18			5,200		0.81			3.38			0.81			35
Period Ended March 31, 2009##		10.05		0.27			(0.25	)		0.02		(0.27	)		—			—			(0.27	)		9.80		0.22			—		0.78			3.58			0.78			26
Year Ended March 31, 2008		10.22		0.36			(0.16	)		0.20		(0.36	)		—			(0.01	)		(0.37	)		10.05		1.91			45		0.79			3.65			0.79			23
Short-Term U.S. Treasury Securities Fund
I Shares
Year Ended March 31, 2012		10.10		0.10	(d)		—	(i)		0.10		(0.10	)		—			(0.14	)		(0.24	)		9.96		0.96			8,502		0.55			1.01			0.74			31
Year Ended March 31, 2011		10.27		0.13	(d)		(0.01	)		0.12		(0.13	)		—			(0.16	)		(0.29	)		10.10		1.16			22,875		0.53			1.23			0.62			36
Year Ended March 31, 2010		10.33		0.14			(0.03	)		0.11		(0.14	)		—			(0.03	)		(0.17	)		10.27		1.03			33,504		0.49			1.29			0.54			147
Year Ended March 31, 2009		10.26		0.28			0.07			0.35		(0.28	)		—			—			(0.28	)		10.33		3.50			61,692		0.48			2.74			0.48			144
Year Ended March 31, 2008		9.86		0.42			0.40			0.82		(0.42	)		—			—			(0.42	)		10.26		8.56			62,416		0.48			4.24			0.49			66
A Shares
Year Ended March 31, 2012		10.09		0.08	(d)		—	(i)		0.08		(0.08	)		—			(0.14	)		(0.22	)		9.95		0.78			3,455		0.73			0.80			0.94			31
Year Ended March 31, 2011		10.26		0.11	(d)		(0.01	)		0.10		(0.11	)		—			(0.16	)		(0.27	)		10.09		0.98			5,562		0.71			1.05			0.80			36
Year Ended March 31, 2010		10.32		0.12			(0.03	)		0.09		(0.12	)		—			(0.03	)		(0.15	)		10.26		0.85			5,839		0.67			1.20			0.71			147
Year Ended March 31, 2009		10.25		0.26			0.07			0.33		(0.26	)		—			—			(0.26	)		10.32		3.31			16,854		0.65			2.30			0.66			144
Year Ended March 31, 2008		9.85		0.41			0.40			0.81		(0.41	)		—			—			(0.41	)		10.25		8.37			3,800		0.66			4.07			0.67			66
C Shares
Year Ended March 31, 2012		10.08		0.01	(d)		—	(i)		0.01		(0.01	)		—			(0.14	)		(0.15	)		9.94		0.07			7,931		1.44			0.07			1.74			31
Year Ended March 31, 2011		10.25		0.02	(d)		(0.01	)		0.01		(0.02	)		—			(0.16	)		(0.18	)		10.08		0.16			7,699		1.53			0.21			1.62			36
Year Ended March 31, 2010		10.31		0.03			(0.03	)		—		(0.03	)		—			(0.03	)		(0.06	)		10.25		0.04			6,426		1.49			0.33			1.55			147
Year Ended March 31, 2009		10.25		0.18			0.06			0.24		(0.18	)		—			—			(0.18	)		10.31		2.38			7,113		1.48			1.79			1.48			144
Year Ended March 31, 2008		9.84		0.32			0.41			0.73		(0.32	)		—			—			(0.32	)		10.25		7.60			8,839		1.48			3.27			1.50			66
Total Return Bond Fund
I Shares
Year Ended March 31, 2012		10.40		0.25	(d)		0.73			0.98		(0.36	)		—			(0.25	)		(0.61	)		10.77		9.62			996,213		0.37			2.30			0.37			170
Year Ended March 31, 2011		10.60		0.33	(d)		0.22			0.55		(0.27	)		(0.08	)		(0.40	)		(0.75	)		10.40		5.20			684,952		0.33			3.05			0.33			294
Year Ended March 31, 2010		10.26		0.40			0.43			0.83		(0.36	)		—			(0.13	)		(0.49	)		10.60		8.17			724,588		0.31			3.72			0.31			326
Year Ended March 31, 2009		10.10		0.49			0.18			0.67		(0.51	)		—			—			(0.51	)		10.26		6.89			602,267		0.30			4.85			0.30			199
Year Ended March 31, 2008		9.96		0.51			0.14			0.65		(0.51	)		—			—			(0.51	)		10.10		6.74			630,451		0.30			5.14			0.30			248
A Shares
Year Ended March 31, 2012		10.73		0.22	(d)		0.76			0.98		(0.34	)		—			(0.25	)		(0.59	)		11.12		9.31			44,359		0.65			1.95			0.65			170
Year Ended March 31, 2011		10.92		0.33	(d)		0.21			0.54		(0.25	)		(0.08	)		(0.40	)		(0.73	)		10.73		4.93			17,589		0.58			2.94			0.58			294
Year Ended March 31, 2010		10.57		0.38			0.43			0.81		(0.33	)		—			(0.13	)		(0.46	)		10.92		7.75			8,540		0.55			3.14			0.55			326
Year Ended March 31, 2009		10.40		0.46			0.19			0.65		(0.48	)		—			—			(0.48	)		10.57		6.51			510		0.54			4.51			0.54			199
Year Ended March 31, 2008		10.26		0.49			0.14			0.63		(0.49	)		—			—			(0.49	)		10.40		6.28			269		0.54			4.76			0.54			248
R Shares(g)
Year Ended March 31, 2012		10.40		0.18	(d)		0.76			0.94		(0.31	)		—			(0.25	)		(0.56	)		10.78		9.15			20,315		0.90			1.63			0.90			170
Year Ended March 31, 2011		10.60		0.30	(d)		0.19			0.49		(0.21	)		(0.08	)		(0.40	)		(0.69	)		10.40		4.63			2,825		0.89			2.74			0.89			294
Year Ended March 31, 2010		10.26		0.35			0.42			0.77		(0.30	)		—			(0.13	)		(0.43	)		10.60		7.61			710		0.82			3.11			0.82			326
Year Ended March 31, 2009		10.10		0.39			0.19			0.58		(0.42	)		—			—			(0.42	)		10.26		5.90			325		1.10			4.01			1.10			199
Year Ended March 31, 2008		9.96		0.41			0.14			0.55		(0.41	)		—			—			(0.41	)		10.10		5.68			40		1.30			4.13			1.30			248

See Notes to Financial Highlights and Notes to Financial Statements.

167

FINANCIAL HIGHLIGHTS

RIDGEWORTH FUNDS     Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.

	Net Asset Value, Beginning of Period		Net Investment Income (Loss)			Net Realized and Unrealized Gains (Losses) on Investments			Total from Operations			Dividends from Net Investment Income			Tax Basis Return of Capital		Distributions from Realized Capital Gains			Total Dividends and Distributions			Net Asset Value, End of Period		Total Return(a)			Net Assets End of Period (000)		Ratio of Net Expenses to Average Net Assets(b)			Ratio of Net Investment Income to Average Net Assets(b)			Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(b)			Portfolio Turnover Rate(c)
Ultra-Short Bond Fund
I Shares
Year Ended March 31, 2012	$	9.93	$	0.10	(d)	$	0.03			$0.13		$	(0.11	)	$	—		$—		$	(0.11	)		$9.95		1.34	%		$112,617		0.34	%		0.99	%		0.34	%		97	%
Year Ended March 31, 2011		9.91		0.13	(d)		0.04			0.17			(0.15	)		—		—			(0.15	)		9.93		1.76			115,795		0.32			1.31			0.32			229
Year Ended March 31, 2010		9.52		0.25			0.39			0.64			(0.25	)		—		—			(0.25	)		9.91		6.82			92,528		0.34			2.51			0.37			130
Year Ended March 31, 2009		9.91		0.39			(0.40	)		(0.01	)		(0.38	)		—		—			(0.38	)		9.52		(0.13	)		55,088		0.31			3.95			0.36			88
Year Ended March 31, 2008		10.00		0.47			(0.09	)		0.38			(0.47	)		—		—			(0.47	)		9.91		3.89			87,892		0.30			4.72			0.33			126
U.S. Government Securities Fund
I Shares
Year Ended March 31, 2012		8.63		0.11	(d)		0.61			0.72			(0.11	)		—		(0.55	)		(0.66	)		8.69		8.27			40,754		0.73			1.18			0.73			94
Year Ended March 31, 2011		8.76		0.18	(d)		0.22			0.40			(0.18	)		—		(0.35	)		(0.53	)		8.63		4.50			48,580		0.62			2.02			0.62			92
Year Ended March 31, 2010		11.11		0.26			(0.37	)		(0.11	)		(0.27	)		—		(1.97	)		(2.24	)		8.76		(1.07	)		71,910		0.58			2.35			0.58			85
Year Ended March 31, 2009		10.59		0.33			0.56			0.89			(0.34	)		—		(0.03	)		(0.37	)		11.11		8.49			341,727		0.55			3.09			0.56			130
Year Ended March 31, 2008		10.29		0.50			0.30			0.80			(0.50	)		—		—			(0.50	)		10.59		8.04			491,970		0.55			4.89			0.55			134
A Shares
Year Ended March 31, 2012		8.63		0.08	(d)		0.61			0.69			(0.08	)		—		(0.55	)		(0.63	)		8.69		7.98			1,797		1.00			0.90			1.00			94
Year Ended March 31, 2011		8.76		0.15	(d)		0.22			0.37			(0.15	)		—		(0.35	)		(0.50	)		8.63		4.18			2,089		0.93			1.71			0.93			92
Year Ended March 31, 2010		11.11		0.21			(0.35	)		(0.14	)		(0.24	)		—		(1.97	)		(2.21	)		8.76		(1.38	)		2,314		0.89			1.98			0.89			85
Year Ended March 31, 2009		10.59		0.29			0.56			0.85			(0.30	)		—		(0.03	)		(0.33	)		11.11		8.17			2,954		0.85			2.78			0.86			130
Year Ended March 31, 2008		10.29		0.47			0.30			0.77			(0.47	)		—		—			(0.47	)		10.59		7.72			3,496		0.85			4.61			0.85			134
C Shares
Year Ended March 31, 2012		8.63		0.03	(d)		0.61			0.64			(0.03	)		—		(0.55	)		(0.58	)		8.69		7.32			2,401		1.61			0.28			1.67			94
Year Ended March 31, 2011		8.76		0.09	(d)		0.22			0.31			(0.09	)		—		(0.35	)		(0.44	)		8.63		3.46			2,471		1.62			1.02			1.62			92
Year Ended March 31, 2010		11.11		0.14			(0.35	)		(0.21	)		(0.17	)		—		(1.97	)		(2.14	)		8.76		(2.05	)		3,038		1.58			1.28			1.58			85
Year Ended March 31, 2009		10.59		0.22			0.56			0.78			(0.23	)		—		(0.03	)		(0.26	)		11.11		7.42			3,649		1.55			2.08			1.55			130
Year Ended March 31, 2008		10.29		0.40			0.30			0.70			(0.40	)		—		—			(0.40	)		10.59		6.97			4,222		1.55			3.90			1.55			134
U.S. Government Securities Ultra-Short Bond Fund
I Shares
Year Ended March 31, 2012		10.07		0.06	(d)		0.12			0.18			(0.11	)		—		—			(0.11	)		10.14		1.76			2,033,765		0.36			0.55			0.36			70
Year Ended March 31, 2011		10.07		0.07	(d)		0.09			0.16			(0.16	)		—		—			(0.16	)		10.07		1.61			1,648,792		0.33			0.73			0.33			229
Year Ended March 31, 2010		10.03		0.30			0.06			0.36			(0.32	)		—		—			(0.32	)		10.07		3.62			1,340,992		0.29			2.15			0.29			119
Year Ended March 31, 2009		10.03		0.41			0.01			0.42			(0.42	)		—		—			(0.42	)		10.03		4.29			90,675		0.28			4.00			0.32			92
Year Ended March 31, 2008		9.95		0.43			0.10			0.53			(0.45	)		—		—			(0.45	)		10.03		5.41			62,904		0.28			4.33			0.33			140
Virginia Intermediate Municipal Bond Fund
I Shares
Year Ended March 31, 2012		10.21		0.33	(d)		0.53			0.86			(0.33	)		—		(0.11	)		(0.44	)		10.63		8.55			147,599		0.63			3.12			0.63			23
Year Ended March 31, 2011		10.39		0.34	(d)		(0.11	)		0.23			(0.34	)		—		(0.07	)		(0.41	)		10.21		2.15			165,536		0.62			3.23			0.62			17
Year Ended March 31, 2010		10.22		0.37			0.19			0.56			(0.37	)		—		(0.02	)		(0.39	)		10.39		5.58			191,537		0.61			3.56			0.61			33
Year Ended March 31, 2009		10.09		0.36			0.13			0.49			(0.36	)		—		—			(0.36	)		10.22		5.01			181,882		0.60			3.61			0.60			20
Year Ended March 31, 2008		10.11		0.37			(0.02	)		0.35			(0.37	)		—		—			(0.37	)		10.09		3.51			204,507		0.60			3.65			0.60			28
A Shares
Year Ended March 31, 2012		10.21		0.31	(d)		0.53			0.84			(0.31	)		—		(0.11	)		(0.42	)		10.63		8.38			12,509		0.78			2.97			0.78			23
Year Ended March 31, 2011		10.39		0.32	(d)		(0.11	)		0.21			(0.32	)		—		(0.07	)		(0.39	)		10.21		2.00			12,471		0.77			3.09			0.77			17
Year Ended March 31, 2010		10.22		0.35			0.20			0.55			(0.36	)		—		(0.02	)		(0.38	)		10.39		5.44			14,236		0.75			3.35			0.75			33
Year Ended March 31, 2009		10.09		0.35			0.13			0.48			(0.35	)		—		—			(0.35	)		10.22		4.85			7,619		0.75			3.46			0.75			20
Year Ended March 31, 2008		10.11		0.35			(0.02	)		0.33			(0.35	)		—		—			(0.35	)		10.09		3.36			6,232		0.75			3.50			0.75			28

See Notes to Financial Highlights and Notes to Financial Statements.

168

NOTES TO FINANCIAL HIGHLIGHTS

RIDGEWORTH FUNDS    March 31, 2012

(a) Total return excludes sales charge. Not annualized for periods less than one year.

(b) Annualized for periods less than one year.

(c) Not annualized for periods less than one year.

(d) Per share data calculated using average shares outstanding method.

(e) Net Asset Value (“NAV”) varies from NAV reported to shareholders as these financial statements are prepared inclusive of trade date adjustments.

(f) Effective at the close of business on July 31, 2009, C shares converted to R shares and C shares are no longer available for purchase. The data prior to such date reflects that of C shares.

(g) Effective at the close of business on February 12, 2009, C shares converted to R shares and C shares are no longer available for purchase. The data prior to such date reflects that of C shares.

(h) The following table details the commencement of operations of certain classes of each respective fund:

Fund	Class		Commencement Date
Seix Floating Rate High Income Fund		C Shares		August 3, 2007

(i) Rounds to less than $0.01 per share.

* Formerly Maryland Municipal Bond Fund.

^ The Georgia Tax-Exempt Bond Fund’s net expense ratio and gross expense ratio includes interest expense of 0.09% incurred during the year ended March 31, 2009 with respect to investments in certain inverse floating rate securities.

^^ Amended from prior periods’ financial highlights. There were no shareholders in the class for the period from October 16, 2007 through January 17, 2008. The financial highlight information presented is for two separate periods of time when shareholders were invested in the class.

# Prior to August 1, 2009, there were no assets in Class A of the Short-Term Bond Fund during the current period. Effective at the close of business July 31, 2009, Class A received assets from the conversion from Class C. The NAV shown for the beginning of the period reflects the initial converted NAV from Class C and the amounts shown thereafter reflect operations for Class A from August 1, 2009 through March 31, 2010.

## Class A was operational during a portion of the year only. Amounts reflect performance for the period of time the class had operations, which was 280 days during the period for Short-Term Municipal Bond Fund. The NAV, end of period, presented for Short-Term Municipal Bond Fund A Shares was as of January 6, 2009, the last day the class had shareholders.

Amounts designated as “—“ are $0 or have been rounded to $0.

169

NOTES TO FINANCIAL STATEMENTS

RIDGEWORTH FUNDS    March 31, 2012

1. Organization

The RidgeWorth Funds (the “Trust”) is organized as a Massachusetts business trust and is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust is authorized to issue an unlimited number of shares without par value. The financial statements presented herein are those of the Core Bond Fund, Corporate Bond Fund, Georgia Tax-Exempt Bond Fund, High Grade Municipal Bond Fund, High Income Fund, Intermediate Bond Fund, Investment Grade Tax-Exempt Bond Fund, Limited Duration Fund, Limited-Term Federal Mortgage Securities Fund, North Carolina Tax-Exempt Bond Fund, Seix Floating Rate High Income Fund, Seix High Yield Fund, Short-Term Bond Fund, Short-Term Municipal Bond Fund (effective April 10, 2012 the Maryland Municipal Bond Fund changed its name to Short-Term Municipal Bond Fund), Short-Term U.S. Treasury Securities Fund, Total Return Bond Fund, Ultra-Short Bond Fund, U.S. Government Securities Fund, U.S. Government Securities Ultra-Short Bond Fund and Virginia Intermediate Municipal Bond Fund (each a “Fund” and collectively the “Funds”).

The Limited Duration Fund, Ultra-Short Bond Fund and U.S. Government Securities Ultra-Short Bond Fund offer I Shares only. The Georgia Tax-Exempt Bond Fund, High Grade Municipal Bond Fund, Investment Grade Tax-Exempt Bond Fund, North Carolina Tax-Exempt Bond Fund, Short-Term Municipal Bond Fund and Virginia Intermediate Bond Fund offer I Shares and A Shares. The Core Bond Fund, High Income Fund, Intermediate Bond Fund, Seix High Yield Fund and Total Return Bond Fund offer I Shares, A Shares and R Shares. The remaining Funds offer I Shares, A Shares and C Shares.

The 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 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 and Short-Term U.S. Treasury Securities Fund) have a maximum sales charge on purchases of 4.75% as a percentage of original purchase price. The A Shares of the Limited-Term Federal Mortgage Securities Fund, Seix Floating Rate High Income Fund, Short-Term Bond Fund and Short-Term U.S. Treasury Securities Fund have a maximum sales charge on purchases of 2.50% as a percentage of original purchase price. Certain purchases of A Shares will not be subject to a front-end sales charge but will be subject to a contingent deferred sales charge (“CDSC”) of 0.50% if redeemed within two years of purchase. Prior to September 1, 2011, shareholders may have been subject to a deferred sales charge of 1.00% on redemptions within one year of purchase. Shareholders will continue to pay the 1.00% deferred sale charges if they redeem, within one year, qualifying A Shares purchased prior to September 1, 2011. The deferred sale charges may be waived from time to time for certain broker-dealers that waive payment of compensation to them. 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 a redemption request, whichever is less, if shares are redeemed within one year of purchase. There is no sales charge or CDSC on purchases or sales of I or R Shares.

The Trust’s 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 are significant accounting policies consistently followed by the Funds and are in conformity with accounting principles generally accepted in the U.S. (“GAAP”). Estimates and assumptions are required to be made regarding assets, liabilities and changes in net assets resulting from operations when financial statements are prepared. Changes in the economic environment, financial markets and any other parameters used in determining these estimates could cause actual results to differ

(a) Investment Valuation — Debt securities are valued at the last quoted bid price provided by independent pricing vendors approved by the Board of Trustees (the “Board” or “Trustees”), that are based on transactions in debt obligations, quotations from bond dealers, market transactions in comparable securities and various other relationships between securities. The independent pricing vendor may value debt securities at an evaluated bid price by employing methodologies that utilize actual market transactions, broker-supplied valuations, and/or other methodologies designed to identify the market value for such securities and such securities are considered Level 2

170

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

in the fair value heirarchy. Publicly traded foreign government debt securities are typically traded internationally in the over-the-counter market and are valued at the bid prices as of the close of business of that market and such securities are considered Level 2 in the fair value heirarchy. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded and such securities may be considered Level 1 in the fair value heirarchy. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade and such securities may be considered Level 1 in the fair value heirarchy. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before each Fund calculates its net asset value, each of the Funds values these securities as determined in accordance with Pricing and Valuation Procedures approved by the Funds’ 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 in accordance with 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. Using the Funds’ Pricing and Valuation Procedures, such securities may be considered Level 2 or Level 3 in the fair value heirarchy. Short-term obligations with maturities of 60 days or less are valued at amortized cost, which approximates fair value and such securities are considered Level 2 in the fair value heirarchy.

The Funds, in accordance with GAAP, have adopted Financial Accounting Standards Board Codification Topic 820 (“ASC Topic 820”). ASC Topic 820 establishes a single definition of fair value, creates a three-tier hierarchy as a framework for measuring fair value based on inputs used to value the Funds’ investments, and requires additional disclosure about fair value. The hierarchy of inputs is summarized below:

Ÿ Level 1 — quoted prices in active markets for identical investments

Ÿ Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

Ÿ Level 3 — significant unobservable inputs (including the Funds’ 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.

The Funds use valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

The following is a summary of the inputs as of March 31, 2012 used in valuing the Funds’ assets and liabilities carried at fair value:

Asset Valuation Inputs

	Level 1 - Quoted Prices($)		Level 2 - Other Significant Observable Inputs($)		Level 3 - Significant Unobservable Inputs($)		Total($)
Core Bond Fund
Asset-Backed Securities1		—		4,890,464		—		4,890,464
Collateralized Mortgage Obligations1		—		54,883,378		—		54,883,378
Corporate Bonds1		—		123,134,805		—		123,134,805
U.S. Government Agency Mortgages1		—		102,676,481		—		102,676,481
U.S. Treasury Obligations		—		166,959,478		—		166,959,478
Preferred Stocks1		1,396,287		—		—		1,396,287
Money Market Fund		30,976,574		—		—		30,976,574
Total Investments		32,372,861		452,544,606		—		484,917,467

171

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

	Level 1 - Quoted Prices($)		Level 2 - Other Significant Observable Inputs($)		Level 3 - Significant Unobservable Inputs($)			Total($)
Corporate Bond Fund
Corporate Bonds1		—		75,081,455		—			75,081,455
Preferred Stocks1		1,234,389		—		—			1,234,389
Money Market Fund		1,579,563		—		—			1,579,563
Total Investments		2,813,952		75,081,455		—			77,895,407
Georgia Tax-Exempt Bond Fund
Municipal Bonds2		—		146,945,686		—			146,945,686
Money Market Fund		3,710,700		—		—			3,710,700
Total Investments		3,710,700		146,945,686		—			150,656,386
High Grade Municipal Bond Fund
Municipal Bonds2		—		41,006,961		—			41,006,961
Money Market Fund		8,480,299		—		—			8,480,299
Total Investments		8,480,299		41,006,961		—			49,487,260
High Income Fund
Bank Loans1		—		30,341,510		—			30,341,510
Corporate Bonds1		—		582,982,719		539,820	4		583,522,539
Convertible Corporate Bond1		—		1,957,313		—			1,957,313
Common Stocks1		3,192,315		—		—			3,192,315
Preferred Stocks1		3,063,172		—		—			3,063,172
Convertible Preferred Stock1		1,588,835		—		—			1,588,835
Warrants		5,563,384		—		—			5,563,384
Short-Term Investment		—		54,246,646		—			54,246,646
Money Market Fund		72,944,681		—		—			72,944,681
Total Investments		86,352,387		669,528,188		539,820			756,420,395
Intermediate Bond Fund
Collateralized Mortgage Obligations1		—		19,796,134		—			19,796,134
Corporate Bonds1		—		398,406,024		—			398,406,024
U.S. Government Agency Mortgages1		—		77,337,347		—			77,337,347
U.S. Treasury Obligations1		—		674,994,898		—			674,994,898
Preferred Stock		1,822,853		—		—			1,822,853
Short-Term Investment		—		787,930		—			787,930
Money Market Fund		101,436,725		—		—			101,436,725
Total Investments		103,259,578		1,171,322,333		—			1,274,581,911
Investment Grade Tax-Exempt Bond Fund
Municipal Bonds2		—		831,482,265		—			831,482,265
Money Market Fund		175,907,086		—		—			175,907,086
Total Investments		175,907,086		831,482,265		—			1,007,389,351
Limited Duration Fund
Asset-Backed Securities1		—		4,257,662		—			4,257,662
Collateralized Mortgage Obligations1		—		10,242,147		—			10,242,147
Money Market Fund		1,503,342		—		—			1,503,342
Total Investments		1,503,342		14,499,809		—			16,003,151
Limited-Term Federal Mortgage Securities Fund
Asset-Backed Security1		—		162,585		—			162,585
Collateralized Mortgage Obligations1		—		7,085,891		—			7,085,891
U.S. Government Agency Mortgages1		—		29,520,077		—			29,520,077
Money Market Fund		5,703,680		—		—			5,703,680
Total Investments		5,703,680		36,768,553		—			42,472,233
North Carolina Tax-Exempt Bond Fund
Municipal Bonds2		—		47,379,863		—			47,379,863
Money Market Fund		4,858,161		—		—			4,858,161
Total Investments		4,858,161		47,379,863		—			52,238,024

172

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

	Level 1 - Quoted Prices($)		Level 2 - Other Significant Observable Inputs($)		Level 3 - Significant Unobservable Inputs($)			Total($)
Seix Floating Rate High Income Fund
Bank Loans1		—		3,204,126,536		—			3,204,126,536
Corporate Bonds1		—		176,798,488		200,000	4		176,998,488
Preferred Stocks1		2,291,958		—		—			2,291,958
Convertible Preferred Stock1		1,328,737		—		—			1,328,737
Money Market Fund		259,580,289		—		—			259,580,289
Total Investments		263,200,984		3,380,925,024		200,000			3,644,326,008
Seix High Yield Fund
Bank Loans1		—		20,809,083		—			20,809,083
Corporate Bonds1		—		1,970,824,550		—			1,970,824,550
Preferred Stock1		1,436,928		—		—			1,436,928
Convertible Preferred Stock1		10,816,551		—		—			10,816,551
Short-Term Investment		—		172,937,187		—			172,937,187
Money Market Fund		155,093,147		—		—			155,093,147
Total Investments		167,346,626		2,164,570,820		—			2,331,917,446
Short-Term Bond Fund
Asset-Backed Securities1		—		31,001,808		—			31,001,808
Collateralized Mortgage Obligations1		—		57,540,585		—			57,540,585
Corporate Bonds1		—		128,481,006		—			128,481,006
Municipal Bond2		—		4,949,178		—			4,949,178
U.S. Government Agencies1		—		44,666,627		—			44,666,627
U.S. Government Agency Mortgages1		—		42,677,497		—			42,677,497
U.S. Treasury Obligations1		—		3,109,622		—			3,109,622
Money Market Fund		1,011,892		—		—			1,011,892
Total Investments		1,011,892		312,426,323		—			313,438,215
Other Financial Instruments3
Future Contracts
Interest rate risk		94,925		—		—			94,925
Total Investments		1,106,817		312,426,323		—			313,533,140
Short-Term Municipal Bond Fund
Municipal Bonds2		—		8,998,917		—			8,998,917
Money Market Fund		734,657		—		—			734,657
Total Investments		734,657		8,998,917		—			9,733,574
Short-Term U.S. Treasury Securities Fund
U.S. Treasury Obligations1		—		18,823,825		—			18,823,825
Money Market Fund		854,392		—		—			854,392
Total Investments		854,392		18,823,825		—			19,678,217
Total Return Bond Fund
Asset-Backed Securities1		—		21,377,990		—			21,377,990
Collateralized Mortgage Obligations1		—		135,326,987		—			135,326,987
Corporate Bonds1		—		277,225,428		—			277,225,428
U.S. Government Agency Mortgages1		—		221,315,170		—			221,315,170
U.S. Treasury Obligations1		—		370,915,464		—			370,915,464
Preferred Stocks1		3,274,202		—		—			3,274,202
Money Market Fund		44,602,276		—		—			44,602,276
Total Investments		47,876,478		1,026,161,039		—			1,074,037,517
Other Financial Instruments3
Credit Default Swap Agreements – Buy Protection
Credit risk		—		5,872,795		—			5,872,795
Forward Foreign Currency Contracts
Foreign currency risk		—		1,632,775		—			1,632,775
Total Investments		47,876,478		1,033,666,609		—			1,081,543,087

173

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

	Level 1 - Quoted Prices($)		Level 2 - Other Significant Observable Inputs($)			Level 3 - Significant Unobservable Inputs($)		Total($)
Ultra-Short Bond Fund
Asset-Backed Securities1		—		6,912,201			—		6,912,201
Collateralized Mortgage Obligations1		—		37,338,077			—		37,338,077
Corporate Bonds1		—		50,022,781			—		50,022,781
Municipal Bond2		—		1,416,489			—		1,416,489
U.S. Government Agency Mortgages1		—		15,347,324			—		15,347,324
Money Market Fund		1,019,806		—			—		1,019,806
Total Investments		1,019,806		111,036,872			—		112,056,678
U.S. Government Securities Fund
U.S. Treasury Obligations1		—		44,000,943			—		44,000,943
Money Market Fund		765,629		—			—		765,629
Total Investments		765,629		44,000,943			—		44,766,572
U.S. Government Securities Ultra-Short Bond Fund
Asset-Backed Security1		—		2,954,962			—		2,954,962
Collateralized Mortgage Obligations1		—		600,299,021			—		600,299,021
U.S. Government Agency1		—		49,999,300			—		49,999,300
U.S. Government Agency Mortgages1		—		1,318,072,233			—		1,318,072,233
Money Market Fund		162,888,386		—			—		162,888,386
Total Investments		162,888,386		1,971,325,516			—		2,134,213,902
Virginia Intermediate Municipal Bond Fund
Municipal Bonds2		—		154,940,308			—		154,940,308
Money Market Fund		5,268,179		—			—		5,268,179
Total Investments		5,268,179		154,940,308			—		160,208,487
Liability Valuation Inputs
	Level 1 - Quoted Prices($)		Level 2 - Other Significant Observable Inputs($)			Level 3 - Significant Unobservable Inputs($)		Total($)
Total Return Bond Fund
Other Financial Instruments3
Credit Default Swap Agreements – Sell Protection
Credit risk		—		(2,238,210	)		—		(2,238,210	)
Forward Foreign Currency Contracts
Foreign currency risk		—		(1,769,025	)		—		(1,769,025	)
Total		—		(4,007,235	)		—		(4,007,235	)

1 Please see the Schedules of Portfolio Investments for Sector or Country Classification.

2 Please see the Schedules of Portfolio Investments for State Classification.

3 Other Financial Instruments are derivative instruments not reflected in the value of Total Investments in the Schedules of Portfolio Investments, such as credit default swaps, forward foreign currency contracts and futures, which are valued at the unrealized appreciation (depreciation) on the instrument.

4 As of March 31, 2012, the securities designated as Level 3 were fair valued using significant unobservable inputs under procedures adopted by the Board. Such valuations were based on quotations from principal market makers. Level 3 roll forwards and change in unrealized appreciation (depreciation) of these Level 3 securities held at fiscal year end is presented on the following page.

174

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

The following is a reconciliation of investments as of March 31, 2012 in which significant unobservable inputs (Level 3) were used in determining fair value:

	Balance as of 3/31/2011		Accrued Discounts (Premiums)		Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)		Purchases		Sales			Transfers into Level 3		Transfers out of Level 3		Balance as of 3/31/2012		Net Change in Unrealized Appreciation (Depreciation) from Investments Still Held as of 3/31/2012
Core Bond Fund
Units
Commercial Services	$	0	$	—	$	(1,341	)	$	1,341	$	—	$	(0	)	$	—	$	—	$	—	$	—
High Income Fund
Corporate Bonds
Auto Manufacturers	$	—	$	—	$	—		$	213,687	$	539,820		(213,687	)	$	—	$	—	$	539,820	$	213,687
Units
Commercial Services		0		—		(13,408	)		13,410		—		(2	)		—		—		—		—
	$	0	$	—	$	(13,408	)	$	227,097	$	539,820	$	(213,689	)	$	—	$	—	$	539,820	$	213,687
Intermediate Bond Fund
Units
Commercial Services	$	0	$	—	$	(4,357	)	$	4,358	$	—	$	(1	)	$	—	$	—	$	—	$	—
Seix Floating Rate High Income Fund
Corporate Bonds
Auto Manufacturers	$	—	$	—	$	—		$	79,817	$	200,000	$	(79,817	)	$	—	$	—	$	200,000	$	79,817
Seix High Yield Fund
Units
Commercial Services	$	0	$	—	$	(93,521	)	$	93,535	$	—	$	(14	)	$	—	$	—	$	—	$	—
Total Return Bond Fund
Units
Commercial Services	$	0	$	—	$	(2,346	)	$	2,347	$	—	$	(1	)	$	—	$	—	$	—	$	—

The Funds’ policy is to disclose significant transfers between Levels based on valuations at the end of the reporting period. Each portfolio may hold securities which are periodically fair valued in accordance with the Funds’ Pricing and Valuation Procedures. This may result in movements between Level 1 and Level 2 throughout the period. There were no significant transfers between Levels 1 or 2 as of March 31, 2012, based on the valuation input levels assigned to securities on March 31, 2011 for the Funds.

(b) Security Transactions and Investment Income — Security transactions are accounted for on a trade date basis for financial reporting purposes. Interest income, adjusted for amortization of premium and accretion of discount over the life of the securities, is recorded on the accrual basis. Dividend income is recorded on the ex-dividend date. Foreign dividend income is recorded on the ex-dividend date or as soon as practicable after the Funds determine the existence of a dividend declaration after exercising reasonable due diligence. The cost of investments sold is determined by use of the specific identification method. To the extent any issuer defaults or a credit event occurs that impacts the issuer, the Funds may halt any additional interest income accruals and consider the ability to realize interest accrued up to the date of default or credit event.

(c) Distributions to Shareholders — Distributions from net investment income for each of the Funds are declared each business day to shareholders of record, and are paid monthly. Distributions of net realized gains, if any, are declared at least annually. Distributions to shareholders of each of the Funds are recorded on the ex-dividend date and are determined in accordance with income tax regulations, which may differ from GAAP.

175

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

(d) Expenses and Share Class Accounting — Expenses that are directly related to a specific Fund are charged to that Fund. Other operating expenses of the Trust are pro-rated to the Funds on the basis of relative net assets or another appropriate basis Investment income, common expenses and realized/unrealized gains (losses) on investments are allocated to the various classes of the Funds on the basis of relative daily net assets of each share class. Fees relating to a specific class are charged directly to that share class.

(e) Securities Traded on a To-Be-Announced Basis — Certain of the Funds may trade securities on a to-be-announced (“TBA”) basis. In a TBA transaction, the Fund commits to purchasing or selling securities which have not yet been issued by the issuer and for which specific information, such as the face amount, maturity date and underlying pool of investments in U.S. government agency mortgage pass-through securities, is not announced. Securities purchased on a TBA basis are not settled until they are delivered to the Fund. Beginning on the date the Fund enters into a TBA transaction, cash, U.S. government securities or other liquid high-grade debt obligations are segregated in an amount equal in value to the purchase price of the TBA security. These securities are subject to market fluctuations and their current value is determined in the same manner as for other securities.

(f) Derivative Instruments — Certain of the Funds may enter into derivative contracts for purposes of pursuing their investment objectives, to use as a substitute for a purchase or sale of a position in the underlying assets and/or as part of a strategy designed to reduce exposure to other risks. Open derivative positions at March 31, 2012 are included within each applicable Fund’s Schedule of Portfolio Investments.

(g) Forward Foreign Currency Contracts — Certain of the Funds may enter into forward foreign currency contracts offset against foreign currency exchange rate risk on non-U.S. dollar denominated securities or to facilitate settlement of a foreign currency denominated portfolio transaction. A forward foreign currency contract is an agreement between two parties to buy and sell a currency at a set price with delivery and settlement at a future date. The contract is marked-to-market daily and the change in value is recorded by the Fund as an unrealized gain or loss. When a forward foreign currency contract is closed, through either delivery or offset by entering into another forward foreign currency contract, the Fund recognizes a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value of the contract at the time it is closed.

Forward foreign currency contracts involve elements of market risk in excess of the amounts reflected on the Statement of Assets and Liabilities. The Funds bear the risk of an unfavorable change in the foreign exchange rate underlying the forward foreign currency contract. Risks may also arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of their contracts.

(h ) Futures Contracts — Certain of the Funds may enter into futures contracts to gain exposure to, or hedge against, changes in interest rates or gain exposure to, or hedge against, changes in certain asset classes. A futures contract represents a commitment for the future purchase or sale of an asset at a specified price on a specified date.

Upon entering into a futures contract, the Fund is required to deposit cash or cash equivalents with a broker in an amount equal to a certain percentage of the contract amount. This is known as the “initial margin” and subsequent payments (“variation margin”) are made or received by the Fund each day, depending on the daily fluctuation in the value of the contract. For certain futures, including foreign denominated futures, variation margin is not settled daily, but is recorded as a net variation margin payable or receivable. Futures contracts are valued daily at the settlement price established by the board of exchange on which they are traded. The daily changes in contract value are recorded as unrealized gains or losses in the Statement of Operations and the Fund recognizes a realized gain or loss when the contract is closed.

Futures contracts involve, to varying degrees, risk of loss in excess of the amounts reflected in the Statement of Assets and Liabilities. In addition, there is the risk that the Funds may not be able to enter into a closing transaction because of an illiquid secondary market.

(i) Foreign Currency Translation — Investment securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts based upon prevailing exchange rates, as of the close of regular trading on the New York Stock Exchange (“NYSE”) (usually 4:00 p.m. Eastern Time), on the date of valuation. Purchases and sales of investment securities and income and expense items denominated in foreign currencies are translated into U.S. dollar amounts based upon prevailing exchange rates on the respective dates of such transactions.

176

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

The Funds do not isolate that portion of the results of operations resulting from fluctuations in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized and unrealized gain or loss on investments and foreign currencies.

Net realized foreign exchange gains or losses arise from sales of foreign currencies, including gains and losses on forward foreign currency contracts, currency gains or losses realized between the trade and settlement dates on securities transactions, and the difference between the amounts of dividends, interest and foreign withholding taxes recorded and the amount actually received.

(j) Swap Agreements — Certain of the Funds may invest in swap agreements for the purpose of managing exposure to interest rate, credit or market risk, or for other purposes. The use of swaps involves risks that are different from those associated with ordinary portfolio transactions.

Swap contracts are marked-to-market daily using an independent pricing vendor and changes in value are recorded as unrealized appreciation (depreciation) in the Statement of Assets and Liabilities. Gains or losses are realized upon termination of the swap agreement. Collateral, in the form of restricted cash or securities, may be required to be held in segregated accounts with the Funds’ custodian in compliance with the terms of the swap contracts. Securities posted as collateral for swap contracts are identified in the Schedule of Portfolio Investments and restricted cash, if any, is identified on the Statement of Assets and Liabilities. Risks may exceed amounts recorded in the Statement of Assets and Liabilities. These risks include changes in the returns of the underlying instruments, failure of the counterparties to perform under the contracts’ terms, and the possible lack of liquidity with respect to the swap agreements.

Payments received or made at the beginning of the measurement period are reflected as a premium or deposit, respectively, on the Statement of Assets and Liabilities. These upfront payments are amortized over the life of the swap and are recognized as realized gain or loss in the Statement of Operations. Net periodic payments received or paid by the Fund are recognized as a realized gain or loss in the Statement of Operations.

Credit Default Swaps

Certain of the Funds enter into credit default swap (“CDS”) contracts for investment purposes, to manage its credit risk or to add leverage. CDS agreements involve one party making a stream of payments to another party in exchange for the right to receive a specified return in the event of a default by a third party, typically corporate or sovereign issuers, on a specified obligation, or in the event of a write-down, principal shortfall, interest shortfall or default of all or part of the referenced entities comprising a credit index. The Funds may use a CDS to provide protection against defaults of the issuers (i.e., to reduce risk where the Funds have exposure to an issuer) or to take an active long or short position with respect to the likelihood of a particular issuer’s default. As a seller of protection, the Funds generally receives an upfront payment or a stream of payments throughout the term of the swap provided that there is no credit event. If a Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the maximum potential amount of future payments (undiscounted) that a Fund could be required to make under a CDS agreement would be an amount equal to the notional amount of the agreement. These amounts of potential payments will be partially offset by any recovery of values from the respective referenced obligations. As a seller of protection, a Fund effectively adds leverage to its portfolio because, in addition to its total net assets, a Fund is subject to investment exposure on the notional amount of the swap. As a buyer of protection, a Fund generally receives an amount up to the notional value of the swap if a credit event occurs.

The Funds’ maximum risk of loss from counterparty risk, as the protection buyer, is the fair value of the contract (this risk is mitigated by the posting of collateral by the counterparty to the Fund to cover the Funds’ exposure to the counterparty). As the protection seller, the Funds’ maximum risk is the notional amount of the contract. Credit default swaps are considered to have credit risk-related contingent features since they require payment by the protection seller to the protection buyer upon the occurrence of a defined credit event.

Implied spreads are the theoretical prices a lender receives for credit default protection. When spreads rise, market perceived credit risk rises and when spreads fall, market perceived credit risk falls. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to enter into the agreement. Wider credit spreads and decreasing market values, when compared to the notional amount of the swap, represent a deterioration of the referenced entity’s credit soundness

177

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. Credit spreads utilized in determining the period end market value of CDS agreements on corporate or sovereign issues are disclosed on the Schedule of Portfolio Investment and serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for credit derivatives. For CDS agreements on asset-backed securities and credit indices, the quoted market prices and resulting values, particularly in relation to the notional amount of the contract as well as the annual payment rate, serve as an indication of the current status of the payment/performance risk.

Entering into a CDS agreement involves, to varying degrees, elements of credit, market and documentation risk in excess of the related amounts recognized on the Statement of Assets and Liabilities. Such risks involve the possibility that there will be no liquid market for these agreements, that the counterparty to the agreement may default on its obligation to perform or disagree as to the meaning of the contractual terms in the agreement, and that there are unfavorable changes in net interest rates.

The Funds’ maximum exposure in the event of a defined credit event on a CDS to sell protection is the notional amount. As of March 31, 2012, the total notional value of all CDSs to sell protection is $77 million. This amount would be offset by the value of the swap’s reference entity, upfront premiums received on the swap and any amounts received from the settlement of a CDS where the Funds bought protection for the same referenced security/entity.

Interest Rate Swaps

Certain of the Funds may enter into interest rate swap contracts to manage exposure to interest rate risk. Interest rate swaps are agreements between two parties to exchange cash flows based on a notional principal amount. The Fund may elect to pay a fixed rate and receive a floating rate, or, receive a fixed rate and pay a floating rate on a notional principal amount. Interest rate swaps are marked-to-market daily based upon quotations from market makers and the change, if any, is recorded as unrealized appreciation (depreciation) in the Statement of Assets and Liabilities. When a swap contract is terminated early, the Fund records a realized gain or loss equal to the difference between the original cost and the settlement amount of the closing transaction.

The risks of interest rate swaps include changes in market conditions that will affect the value of the contract or changes in the present value of the future cash flow streams and the possible inability of the counterparty to fulfill its obligations under the agreement. The Fund’s maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from the counterparty over the contract’s remaining life, to the extent that that amount is positive. This risk is mitigated by the posting of collateral by the counterparty to the Fund to cover the Fund’s exposure to the counterparty.

The fair value of derivative instruments not accounted for as hedging instruments on the Statements of Assets and Liabilities and the effect of derivative instruments not accounted for as hedging instruments, on the Statements of Operations as of March 31, 2012, are presented in the table below:

	Credit Risk			Foreign Exchange Risk			Interest Rate Risk		Total
Core Bond Fund
Realized Gain (Loss)#
Forward Currency Contracts	$	—		$	(48,410	)	$	—	$	(48,410	)
Swap Agreements		(43,963	)		—			448,825		404,862
Total Value	$	(43,963	)	$	(48,410	)	$	448,825	$	356,452
Change in Appreciation (Depreciation)##
Swap Agreements	$	16,433		$	—		$	—	$	16,433
Total Change in Appreciation (Depreciation)	$	16,433		$	—		$	—	$	16,433
Number of Contracts, Notional Amounts or Shares†
Forward Currency Contracts	$	—		$	4,148,691		$	—	$	4,148,691
Swap Agreements	$	4,265,000		$	—		$	42,094,981	$	46,359,981
High Income Fund
Realized Gain (Loss)#
Swap Agreements	$	(836,650	)	$	—		$	—	$	(836,650	)
Total Realized Gain (Loss)	$	(836,650	)	$	—		$	—	$	(836,650	)

178

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

	Credit Risk			Foreign Exchange Risk			Interest Rate Risk			Total
Change in Appreciation (Depreciation)##
Swap Agreements	$	21,473		$	—		$	—		$	21,473
Total Change in Appreciation (Depreciation)	$	21,473		$	—		$	—		$	21,473
Number of Contracts, Notional Amounts or Shares†
Swap Agreements	$	13,142,857		$	—		$	—		$	13,142,857
Intermediate Bond Fund
Realized Gain (Loss)#
Swap Agreements	$	(176,764	)	$	—		$	—		$	(176,764	)
Total Realized Gain (Loss)	$	(176,764	)	$	—		$	—		$	(176,764	)
Change in Appreciation (Depreciation)##
Swap Agreements	$	66,581		$	—		$	—		$	66,581
Total Change in Appreciation (Depreciation)	$	66,581		$	—		$	—		$	66,581
Number of Contracts, Notional Amounts or Shares†
Swap Agreements	$	17,300,000		$	—		$	—		$	17,300,000
Seix High Yield Fund
Realized Gain (Loss)#
Swap Agreements	$	(3,250,820	)	$	—		$	—		$	(3,250,820	)
Total Realized Gain (Loss)	$	(3,250,820	)	$	—		$	—		$	(3,250,820	)
Number of Contracts, Notional Amounts or Shares†
Swap Agreements	$	55,000,000		$	—		$	—		$	55,000,000
Short Term Bond Fund
Asset Derivatives
Futures Contracts^^	$	—		$	—		$	94,925		$	94,925
Total Value	$	—		$	—		$	94,925		$	94,925
Realized Gain (Loss)#
Futures Contracts	$	—		$	—		$	(2,001,517	)	$	(2,001,517	)
Total Realized Gain (Loss)	$	—		$	—		$	(2,001,517	)	$	(2,001,517	)
Change in Appreciation (Depreciation)##
Futures Contracts	$	—		$	—		$	94,925		$	94,925
Total Change in Appreciation (Depreciation)	$	—		$	—		$	94,925		$	94,925
Number of Contracts, Notional Amounts or Shares†
Futures Contracts		—			—			173			173
Total Return Fund
Asset Derivatives
Forward Currency Contracts*	$	—		$	1,632,775		$	—		$	1,632,775
Swap Agreements*		5,872,795			—			—			5,872,795
Total Value	$	5,872,795		$	1,632,775		$	—		$	7,505,570
Liability Derivatives
Forward Currency Contracts^	$	—		$	(1,769,025	)	$	—		$	(1,769,025	)
Swap Agreements^		(2,238,210	)		—			—			(2,238,210	)
Total Value	$	(2,238,210	)	$	(1,769,025	)	$	—		$	(4,007,235	)
Realized Gain (Loss)#
Forward Currency Contracts	$	—		$	1,382,132		$	—		$	1,382,132
Swap Agreements		9,009,957			—			1,281,198			10,291,155
Total Realized Gain (Loss)	$	9,009,957		$	1,382,132		$	1,281,198		$	11,673,287
Change in Appreciation (Depreciation)##
Forward Currency Contracts	$	—		$	(136,250	)	$	—		$	(136,250	)
Swap Agreements		(24,965	)		—			—			(24,965	)
Total Change in Appreciation (Depreciation)	$	(24,965	)	$	(136,250	)	$	—		$	(161,215	)

179

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

	Credit Risk		Foreign Exchange Risk		Interest Rate Risk			Total
Number of Contracts, Notional Amounts or Shares†
Forward Currency Contracts	$	—	$	98,145,747	$	—		$	98,145,747
Swap Agreements	$	86,475,000	$	—	$	84,986,997		$	171,461,997
Ultra-Short Bond Fund
Realized Gain (Loss)#
Futures Contracts	$	—	$	—	$	24,611		$	24,611
Total Realized Gain (Loss)	$	—	$	—	$	24,611		$	24,611
Number of Contracts, Notional Amounts or Shares†
Futures Contracts		—		—		26			26
U.S. Government Securities Ultra-Short Bond Fund
Realized Gain (Loss)#
Futures Contracts	$	—	$	—	$	(961,099	)	$	(961,099	)
Total Realized Gain (Loss)	$	—	$	—	$	(961,099	)	$	(961,099	)
Number of Contracts, Notional Amounts or Shares†
Futures Contracts		—		—		1,000			1,000

* Statements of Assets and Liabilities location: Investments, at value, Receivables from: open forward foreign currency contracts, or open swap agreements, at value, as applicable.

^ Statements of Assets and Liabilities location: Payables for: open forward foreign currency contracts, or open swap agreements, at value, as applicable.

^^ Cumulative appreciation (depreciation) on futures contracts is reported for “Futures Contracts”. The outstanding variation margin, if any, is reported within the Statements of Assets and Liabilities.

# Statements of Operations location: Amounts are included in net realized gain (loss) on: investment transactions, futures contracts, swap agreements, or foreign currency transactions, as applicable.

## Statements of Operations location: Amounts are included in net change in unrealized appreciation (depreciation) on: investment transactions, futures contracts, swap agreements, or translation of assets and liabilities in foreign currencies, as applicable.

† Amount(s) disclosed represent the average number of contracts for futures contracts, notional amounts for forward currency contracts and swap agreements, which is indicative of volume of this derivative type, for the months that the Fund held such derivatives during the period ended March 31, 2012.

(k) Securities Lending — Each Fund may lend portfolio securities to brokers, dealers and other financial organizations that meet capital and other credit requirements or other criteria established by the Board. These loans may not exceed either (i) 50% of the sum of the market value of all securities of a Fund and the market value of securities purchased with cash collateral or (ii) 33.33% of the total market value of all securities of a Fund. No Fund will lend portfolio securities to its investment adviser, subadviser, or its affiliates unless it has applied for and received specific authority to do so from the Securities and Exchange Commission. Loans of portfolio securities are required to be fully collateralized by cash, letters of credit or U.S. government securities. The initial value of the collateral must be at least 102% of the market value of the securities loaned, if the securities loaned are U.S. securities (105% for non-U.S. securities); and maintained in an amount equal to at least 100% (103% for non-U.S. securities) thereafter. However, due to market fluctuations during the day, the value of securities loaned on a particular day may exceed the value of collateral. On each business day, the amount of collateral is adjusted based on the prior day’s market fluctuations and the current day’s lending activity. Income from lending activity is determined by the amount of interest earned on collateral, less any amounts payable to the borrowers of the securities and the lending agent. Lending securities involves certain risks, including the risk that a 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.

The cash collateral received is aggregated in a joint account by the Funds, providing RidgeWorth Investments a pool of cash to invest in short-term investments that have a remaining maturity of 397 days or less. The Funds are joint participants with other series of the Trust that are not presented in this report. At March 31, 2012, the cash

180

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

collateral received by the Funds was pooled and invested in the following securities. Each of the Funds participating in securities lending at March 31, 2012 owned a pro-rata portion of the assets and liabilities listed below:

	Shares		Value
JPMorgan U.S. Government Money Market Fund, Capital Shares, 0.01%		100,017,885	$	100,017,885
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 0.00%		303,100,773		303,100,773
Total Investments (Cost $403,118,658)				403,118,658
Amount due to Lending Agent				(64,242	)
Net Investment Value				403,054,416

The following Funds paid securities lending fees to the lending agent during the year ended March 31, 2012, which have been netted against Income from Securities Lending on the Statements of Operations. These fees are presented below:

Fund	Fee
Core Bond	$	2,535
Corporate Bond Fund		85
High Income Fund		40,885
Intermediate Bond Fund		6,539
Seix High Yield Fund		128,854
Total Return Bond Fund		9,605

(l) When-Issued Securities and Forward Commitments — 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 at a fixed price. During this period, such securities are subject to market fluctuations. The purchase of securities on a when-issued or forward commitment basis may increase the volatility of a Fund’s net asset value if the Fund makes such investments while remaining substantially fully invested. A Fund records when-issued securities on trade date and will segregate or earmark liquid assets in an amount at least equal in value to its commitments to purchase when-issued and forward commitment securities or engage in other appropriate measures to “cover” its obligation. When-issued securities and the segregated liquid assets associated with such investments are presented within the Funds’ Schedules of Portfolio Investments.

(m) Bank Loans — Certain of the Funds may invest in first and second lien senior floating-rate loans (“bank loans”). These loans are made by banks and other large financial institutions to various companies and are senior in the borrowing companies’ capital structure. Coupon rates are floating, not fixed and are tied to a benchmark lending rate. A Fund records an investment when the borrower withdraws money and records the interest as earned. Some types of senior loans in which these Funds may invest require that an open loan for a specific amount be continually offered to a borrower. These types of senior loans, commonly referred to as revolvers, contractually obligate the lender (and therefore those with an interest in the loan) to fund the loan at the borrower’s discretion. Therefore, a Fund must have funds sufficient to cover its contractual obligation. A Fund will maintain, on a daily basis, high quality, liquid assets in an amount at least equal in value to its contractual obligation to fulfill the revolving senior loan. These unfunded loan commitments are marked-to-market by an independent pricing vendor daily. At March 31, 2012, Seix Floating Rate High Income Fund had unfunded loan commitments.

(n) Restricted Securities — Certain of the Funds’ investments are restricted as to resale. As of March 31, 2012, all of these restricted securities have been deemed liquid by the Funds’ investment adviser based upon procedures approved by the Board, unless stated otherwise in the Funds’ Schedules of Portfolio Investments.

(o) Credit and Market Risk — Certain of Funds’ investments in securities that are collateralized by residential real estate mortgages are subject to certain credit and liquidity risks. When market conditions result in an increase in default rates of the underlying mortgages and the foreclosure values of underlying real estate properties are materially below the outstanding amount of these underlying mortgages, collection of the full amount of accrued interest and principal on these investments may be doubtful. Such market conditions may significantly impair the value and liquidity of these investments and may result in a lack of correlation between their credit ratings and values.

181

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

(p) Foreign Investment Risks — Certain of the Funds’ investments in foreign securities may involve risks not present in domestic investments. Since securities may be denominated in foreign currencies, may require settlement in foreign currencies or pay interest or dividends in foreign currencies, changes in the relationship of these foreign currencies to the U.S. dollar can significantly affect the value of the investments and earnings of the Fund. Foreign investments may also subject the Fund to foreign government exchange restrictions, expropriation, taxation or other political, social or economic developments, all of which affect the market and/or credit risk of the investments.

(q) Counterparty Risk and Credit-Risk-Related Contingent Features of Derivative Instruments — Certain of the Funds may invest in certain securities or engage in other transactions where the Funds are exposed to counterparty credit risk in addition to broader market risks. The Funds may invest in securities of issuers, which may also be considered counterparties as trading partners in other transactions. This may increase the risk of loss in the event of default or bankruptcy by the counterparty or if the counterparty otherwise fails to meet its contractual obligations. The Funds’ investment adviser attempts to mitigate counterparty risk by (i) periodically assessing the creditworthiness of its trading partners, (ii) monitoring and/or limiting the amount of its net exposure to each individual counterparty based on its assessment and (iii) requiring collateral from the counterparty for certain transactions. Market events and changes in overall economic conditions may impact the assessment of such counterparty risk by the investment manager. In addition, declines in the values of underlying collateral received may expose the Funds to increased risk of loss.

(r) Other Risks — Certain Funds invest in high yield corporate, government, and other debt instruments of U.S. and non-U.S. issuers. High yield securities involve greater risk of default or downgrade and are more volatile than investment grade securities. A Fund’s concentration of investments in securities of issuers located in a specific region or state, subjects that Fund to the economic and government policies of the region or state, and may increase risk versus that of a fund whose investments are more diversified. Please refer to each Fund’s prospectus for additional risks that may be associated with the Funds.

(s) Federal and Other Taxes — It is the Funds’ policy to comply with the federal income and excise tax requirements of the Internal Revenue Code of 1986 (the “Code”), as amended, applicable to regulated investment companies. Accordingly, the Funds intend to distribute taxable income and net realized gains, if any, to shareholders in accordance with timing requirements imposed by the Code. Therefore, no federal or state income tax provision is required in the Funds’ financial statements.

Management has analyzed the Funds’ tax positions taken on income tax returns for all open tax years and has concluded that as of March 31, 2012, no provision for income tax is required in the Funds’ financial statements. The Funds’ federal and state income and federal excise tax returns for tax years for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state departments of revenue. As of March 31, 2012, open tax years include the tax years of March 31, 2009 through 2012.

Under the applicable foreign tax laws, a withholding tax may be imposed on interest, dividends and capital gains at various rates.

(t) Reclassification — GAAP requires that certain components of net assets be reclassified to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or net asset value per share.

3. Investment Adviser and Other Service Providers

Investment Adviser — RidgeWorth Investments (“Investment Adviser”), a partially-owned subsidiary of SunTrust Banks, Inc. (“SunTrust”), serves as the investment adviser to the Funds. The Trust and the Investment Adviser have entered into an investment advisory agreement (“Advisory Agreement”). The Investment Adviser is a money—management holding company with multiple style-focused investment boutiques (“Subadvisers”). The subadvisers for each of the Funds are as follows: Seix Investment Advisors LLC (“Seix”) serves as the Subadviser for the Core Bond Fund, Corporate Bond Fund, High Income Fund, Intermediate Bond Fund, Limited Duration Fund, Limited-Term Federal Mortgage Securities Fund, Seix Floating Rate High Income Fund, Seix High Yield Fund, Total Return Bond Fund and U.S. Government Securities Fund. StableRiver Capital Management LLC (“StableRiver”) serves as the Subadviser for the Georgia Tax-Exempt Bond Fund, High Grade Municipal Bond Fund, Investment Grade Tax-Exempt Bond Fund, North Carolina Tax-Exempt Bond Fund, Short-Term Bond Fund, Short-Term Municipal

182

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

Bond Fund, Short-Term U.S. Treasury Securities Fund, Ultra-Short Bond Fund, U.S. Government Securities Ultra-Short Bond Fund, and Virginia Intermediate Municipal Bond Fund. Seix and StableRiver are each wholly-owned subsidiaries of the Investment Adviser. The Investment Adviser pays the Subadvisers out of the fees it receives from the Funds.

Under the terms of the Advisory Agreement, the Funds are charged annual advisory fees, which are computed daily and paid monthly based on each Fund’s average daily net assets. Breakpoints are used in computing the overall annual advisory fees. The maximum annual advisory fee is charged on average daily net assets of each Fund up to $500 million. A discount of 5% applies on the next $500 million, and a discount of 10% applies on amounts over $1 billion. Fee rates for the year ended March 31, 2012 were as follows:

Fund	Maximum Annual Advisory Fee*			Discounted Annual Advisory Fee*			Advisory Fees Waived/Expenses Reimbursed			Net Annual Fees Paid*
Core Bond Fund**		0.25	%		0.25	%		—	%		0.36	%
Corporate Bond Fund		0.40			0.40			—			0.40
Georgia Tax-Exempt Bond Fund		0.55			0.55			—			0.55
High Grade Municipal Bond Fund		0.55			0.55			(0.02	)		0.53
High Income Fund		0.60			0.60			—			0.60
Intermediate Bond Fund		0.25			0.24			—			0.24
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			(0.06	)		0.44
North Carolina Tax-Exempt Bond Fund		0.55			0.55			—			0.55
Seix Floating Rate High Income Fund		0.45			0.41			—			0.41
Seix High Yield Fund		0.45			0.42			—			0.42
Short-Term Bond Fund		0.40			0.40			—			0.40
Short-Term Municipal Bond Fund†		0.55			0.55			(0.11	)		0.44
Short-Term U.S. Treasury Securities Fund		0.40			0.40			(0.19	)		0.21
Total Return Bond Fund		0.25			0.25			—			0.25
Ultra-Short Bond Fund		0.22			0.22			—			0.22
U.S. Government Securities Fund		0.50			0.50			—			0.50
U.S. Government Securities Ultra-Short Bond Fund		0.20			0.19			—			0.19
Virginia Intermediate Municipal Bond Fund		0.55			0.55			—			0.55

* Aggregate annual fees paid to the Investment Adviser, who, in turn, pays the applicable Subadviser a portion of the fees for subadvisory services to the Funds.

** Effective October 1, 2011, the Fund’s advisory fee changed from 0.50% to 0.25%.

† Effective April 10, 2012, Maryland Municipal Bond Fund changed its name to Short-Term Municipal Bond Fund. The Fund’s Investment advisory fee was reduced from 0.55% to 0.35%

Amounts designated as “—” are 0%.

The Investment Adviser and the applicable Subadviser have contractually agreed, until at least August 1, 2012, to waive fees and/or reimburse expenses for each of the following Funds to the extent necessary to maintain each Fund’s Total Annual Fund Operating Expenses (excluding, as applicable, 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:

Fund		Contractual Expense Limitation
High Grade Municipal Bond Fund	I Shares		0.65	%
High Grade Municipal Bond Fund	A Shares		0.80
Limited-Term Federal Mortgage Securities Fund	I Shares		0.66
Limited-Term Federal Mortgage Securities Fund	A Shares		0.86
Limited-Term Federal Mortgage Securities Fund	C Shares		1.66
Short-Term Municipal Bond Fund†	I Shares		0.65
Short-Term Municipal Bond Fund†	A Shares		0.80

183

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

Fund		Contractual Expense Limitation
Short-Term U.S. Treasury Securities Fund	I Shares		0.55	%
Short-Term U.S. Treasury Securities Fund	A Shares		0.73
Short-Term U.S. Treasury Securities Fund	C Shares		1.55

† Formerly Maryland Municipal Bond Fund.

Under the Expense Limitation Agreement, the Investment Adviser may retain the difference between the contractual expense limitation identified above and the actual total expenses to recapture any of its prior contractual waivers or reimbursements at a date not to exceed three years from the date of such waivers or reimbursements. 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 contractual expense limitation in place at that time. During the year ended March 31, 2012, the Investment Adviser did not recapture any of its prior contractual waivers or reimbursements. The Investment Adviser does not intend to recapture such amounts. As of March 31, 2012, the cumulative potential recoupments recoverable pursuant to this agreement are as follows:

	Expires
Fund	2014		2015
High Grade Municipal Bond Fund	$	32,038	$	11,057
Limited-Term Federal Mortgage Securities Fund		—		26,833
Short-Term Municipal Bond Fund†		—		22,692
Short-Term U.S. Treasury Securities Fund		18,813		44,910

† Formerly Maryland Municipal Bond Fund.

Amounts designated as “—” are $0.

During the year ended March 31, 2012, the Investment Adviser also voluntarily waived fees with respect to 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.

The Investment Adviser has voluntarily undertaken to reduce and/or subsidize certain expenses of the Limited-Term Federal Mortgage Securities Fund, Short-Term Bond Fund, Short-Term U.S. Treasury Securities Fund and U.S. Government Securities Fund to the extent necessary to maintain a minimum annualized yield of 0.00% for each of the Fund’s share classes. This voluntary expense reduction and/or expense subsidy may be modified or discontinued at any time without prior notice. There can be no assurance that this fee reduction will be sufficient to avoid any loss. During the period ended March 31, 2012, the Short-Term U.S. Treasury Securities Fund and the U.S. Government Securities Fund had voluntary reimbursements in the amount of $9,171 and $1,618, respectively.

Fund Accounting, Custody, Administration, and Transfer Agency — State Street Bank and Trust Company (“State Street Bank”) serves as the fund accounting agent and custodian for the Trust pursuant to a Master Custodian Agreement. The custodian is responsible for the safekeeping of the assets of the Funds and the fund accounting agent is responsible for calculating the Funds’ net asset values. State Street Bank is paid on the basis of net assets and transaction costs of the Funds. State Street Bank also serves as the Administrator for the Trust pursuant to an Administration Agreement. State Street Bank is paid on the basis of net assets of the RidgeWorth investment company complex and fees are allocated among the series of the Trust, on the basis of relative net assets.

Boston Financial Data Services, Inc. serves as the transfer agent to the Trust pursuant to a Transfer Agency and Service Agreement.

Custodian Credits — The Funds have an agreement with their custodian under which custody fees may be reduced by balance credits. These credits, if any, are shown as a reduction of total expenses on the Statements of Operations.

Distribution — The Trust and RidgeWorth Distributors LLC (the “Distributor”) are parties to a Distribution Agreement.

In addition, with respect to the A Shares, C Shares and R Shares, the Distributor receives amounts, pursuant to a Distribution and Services Plan, based upon average daily net assets of each respective class, which are computed daily and paid monthly. For the year ended March 31, 2012, the Distributor did not retain any of the front end sales charges assessed on the sale of Class A shares. For the year ended March 31, 2012, the Distributor did not retain

184

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

any commissions from contingent deferred sales charges assessed on redemptions of Class C shares. These fees, expressed as a percentage of average daily net assets, for the year ended March 31, 2012, were as follows:

Fund	A Share Distribution and Service Fee			C Share Distribution and Service Fee			R Share Distribution and Service Fee
Core Bond Fund		0.30	%		N/A	%		0.50	%
Corporate Bond Fund		0.30			1.00			N/A
Georgia Tax-Exempt Bond Fund		0.15			N/A			N/A
High Grade Municipal Bond Fund		0.15			N/A			N/A
High Income Fund		0.30			N/A			0.50
Intermediate Bond Fund		0.25			N/A			0.50
Investment Grade Tax-Exempt Bond Fund		0.30			N/A			N/A
Limited-Term Federal Mortgage Securities Fund		0.20			1.00			N/A
North Carolina Tax-Exempt Bond Fund		0.15			N/A			N/A
Seix Floating Rate High Income Fund		0.30			1.00			N/A
Seix High Yield Fund		0.25			N/A			0.50
Short-Term Bond Fund		0.20			1.00			N/A
Short-Term Municipal Bond Fund†		0.15			N/A			N/A
Short-Term U.S. Treasury Securities Fund		0.18			1.00			N/A
Total Return Bond Fund		0.25			N/A			0.50
U.S. Government Securities Fund		0.30			1.00			N/A
Virginia Intermediate Municipal Bond Fund		0.15			N/A			N/A

† Formerly Maryland Municipal Bond Fund.

Shareholder Servicing Plans — The Core Bond Fund, High Income Fund, Intermediate Bond Fund, Seix High Yield Fund and Total Return Bond Fund have adopted a Shareholder Servicing Plan for the R Shares. Each Fund pays specified benefit plans or other financial service firms for shareholder support services they provide, at a rate of up to 0.25% of the average daily net assets of R Shares. In addition, the Core Bond Fund, Corporate Bond Fund, Intermediate Bond Fund, Investment Grade Tax-Exempt Bond Fund, Limited Duration Fund, Limited-Term Federal Mortgage Securities Fund, Seix Floating Rate High Income Fund, Seix High Yield Fund, Short-Term Bond Fund, Short-Term Municipal Bond Fund, Short-Term U.S. Treasury Securities Fund, Total Return Bond Fund, U.S. Government Securities Fund and U.S. Government Securities Ultra-Short Bond Fund have adopted a Shareholder Servicing Plan for the I Shares and A Shares of such Funds. Each of these Funds (or class thereof, as the case may be) may pay to financial institutions that provide certain services to the Funds, a shareholder and/or administration services fee under the Plan at an annual rate of up to 0.15% of the average daily net assets of a Fund’s I Shares or A Shares, as applicable. The services under each of these Shareholder Servicing Plans may include, among others, providing general shareholder liaison services (including responding to shareholder inquiries), providing information on shareholder investments, and establishing and maintaining shareholder accounts and records.

Other Fees — The Investment Adviser provides compliance and certain administrative services to the Trust to ensure compliance with applicable laws and regulations. For the year ended March 31, 2012, the Investment Adviser was paid $1,329,705 for these services. Foreside Compliance Services, LLC (“FCS”), an affiliate of the Distributor, provides CCO Support Services and an Anti-Money Laundering Officer/ Identity Theft Prevention Officer (“AML Officer”) to the Trust. Foreside Management Services, LLC (“FMS”), an affiliate of the Distributor, provides a Principal Financial Officer (“PFO”) and Treasurer to the Trust until March 1, 2012. Fees paid to FCS and FMS pursuant to these agreements are reflected on the Statements of Operations as a component of the caption “Other Fees”.

Neither FCS nor FMS, nor any of their officers or employees who serve as an officer of the Trust, has any role in determining the Funds’ investment policies or which securities are to be purchased or sold by the Trust or its Funds. Certain officers or employees of FCS and FMS are also officers of the Trust.

Certain officers of the Trust are also officers or employees of the Investment Adviser, FCS, FMS and/or the Administrator. Such officers receive no fees from the Trust for serving as officers of the Trust.

185

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

Each of the Trustees receives an annual retainer and an additional fee for each meeting attended, plus reimbursement for certain expenses incurred. Trustees receive an additional fee for attendance at committee meetings. Information on the aggregate remuneration paid to the Trustees can be found on the Statements of Operations.

4. Management Ownership

At March 31, 2012, 52.52% of the outstanding shares of Short-Term Municipal Bond Fund were held by the Investment Adviser.

5. Investment Transactions

The cost of security purchases and the proceeds from sales and maturities of securities, excluding securities maturing less than one year from acquisition and U.S. government securities, for the year ended March 31, 2012, were as follows:

Fund	Purchases		Sales and Maturities
Core Bond Fund	$	95,779,650	$	119,801,876
Corporate Bond Fund		58,984,945		62,610,279
Georgia Tax-Exempt Bond Fund		83,053,368		106,741,789
High Grade Municipal Bond Fund		95,801,279		107,725,703
High Income Fund		954,478,889		737,300,646
Intermediate Bond Fund		141,707,564		189,306,523
Investment Grade Tax-Exempt Bond Fund		1,619,598,123		1,784,179,223
Limited Duration Fund		3,395,916		8,850,318
North Carolina Tax-Exempt Bond Fund		19,021,346		24,339,138
Seix Floating Rate High Income Fund		2,970,046,203		2,490,443,897
Seix High Yield Fund		1,856,979,113		1,429,232,102
Short-Term Bond Fund		107,335,011		147,170,082
Short-Term Municipal Bond Fund†		5,090,321		21,255,853
Total Return Bond Fund		200,855,478		156,311,573
Ultra-Short Bond Fund		63,432,452		46,912,462
Virginia Intermediate Municipal Bond Fund		37,107,332		62,089,656

† Formerly Maryland Municipal Bond Fund.

The cost of security purchases and proceeds from sales and maturities of U.S. government securities, excluding short-term investments, for the year end March 31, 2012, were as follows:

Fund	Purchases		Sales and Maturities
Core Bond Fund	$	698,000,256	$	542,399,179
Corporate Bond Fund		2,237,533		2,210,077
Intermediate Bond Fund		1,276,515,074		1,200,346,204
Limited Duration Fund		7,345,169		8,837,971
Limited-Term Federal Mortgage Securities Fund		126,283,126		129,896,430
Short-Term Bond Fund		180,792,508		115,793,555
Short-Term U.S. Treasury Securities Fund		7,225,790		10,806,304
Total Return Bond Fund		1,386,015,262		1,117,967,665
Ultra-Short Bond Fund		66,324,447		66,988,301
U.S. Government Securities Fund		41,733,158		53,568,865
U.S. Government Securities Ultra-Short Bond Fund		1,637,717,986		1,176,813,274

186

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

6. Federal Income Tax Information

The following information is presented on an income tax basis and takes into consideration differences between amounts for financial statement and income tax purposes. 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 U.S. federal tax-basis treatment; temporary differences do not require reclassification.

The cost of investments for federal income tax purposes and aggregate gross unrealized appreciation and depreciation for securities held by the Funds at March 31, 2012 were as follows:

Fund	Tax Cost		Aggregate Gross Unrealized Appreciation		Aggregate Gross Unrealized (Depreciation)			Net Unrealized Appreciation (Depreciation)
Core Bond Fund	$	475,573,494	$	10,434,446	$	(1,090,473	)	$	9,343,973
Corporate Bond Fund		73,507,874		4,532,878		(145,345	)		4,387,533
Georgia Tax-Exempt Bond Fund		140,584,500		10,174,785		(102,899	)		10,071,886
High Grade Municipal Bond Fund		45,448,355		4,122,632		(83,727	)		4,038,905
High Income Fund		758,183,826		18,585,029		(20,348,460	)		(1,763,431	)
Intermediate Bond Fund		1,236,133,984		39,739,655		(1,291,728	)		38,447,927
Investment Grade Tax-Exempt Bond Fund		961,427,750		47,675,122		(1,713,521	)		45,961,601
Limited Duration Fund		15,980,470		44,032		(21,351	)		22,681
Limited-Term Federal Mortgage Securities Fund		41,454,694		1,025,241		(7,702	)		1,017,539
North Carolina Tax-Exempt Bond Fund		49,125,497		3,157,173		(44,646	)		3,112,527
Seix Floating Rate High Income Fund		3,656,784,144		34,847,339		(47,305,475	)		(12,458,136	)
Seix High Yield Fund		2,279,260,061		88,266,277		(35,608,892	)		52,657,385
Short-Term Bond Fund		308,557,018		5,181,345		(300,148	)		4,881,197
Short-Term Municipal Bond Fund†		9,288,316		458,915		(13,657	)		445,258
Short-Term U.S. Treasury Securities Fund		19,481,251		198,336		(1,370	)		196,966
Total Return Bond Fund		1,046,722,412		29,674,286		(2,359,181	)		27,315,105
Ultra-Short Bond Fund		111,464,663		854,422		(262,407	)		592,015
U.S. Government Securities Fund		43,898,925		1,048,688		(181,041	)		867,647
U.S. Government Securities Ultra-Short Bond Fund		2,106,993,923		28,615,639		(1,395,660	)		27,219,979
Virginia Intermediate Municipal Bond Fund		148,272,423		12,000,957		(64,893	)		11,936,064

† Formerly, Maryland Municipal Bond Fund.

The tax character of distributions paid to shareholders during the year ended March 31, 2012 were as follows:

	Distributions paid from
Fund	Net Investment Income*		Net Long Term Capital Gains		Tax-Exempt Distributions**		Return of Capital		Total Distributions Paid
Core Bond Fund	$	19,610,420	$	9,028,880	$	—	$	—	$	28,639,300
Corporate Bond Fund		2,928,703		5,151,522		—		—		8,080,225
Georgia Tax-Exempt Bond Fund		233		—		5,460,125		—		5,460,358
High Grade Municipal Bond Fund		45,667		83,915		1,642,472		—		1,772,054
High Income Fund		44,656,035		1,105,381		—		—		45,761,416
Intermediate Bond Fund		42,998,138		20,555,766		—		—		63,553,904
Investment Grade Tax-Exempt Bond Fund		1,439,202		5,529,959		21,724,985		—		28,694,146
Limited Duration Fund		112,879		—		—		—		112,879
Limited-Term Federal Mortgage Securities Fund		877,549		—		—		—		877,549
North Carolina Tax-Exempt Bond Fund		3,417		—		1,656,977		—		1,660,394
Seix Floating Rate High Income Fund		191,455,418		—		—		—		191,455,418
Seix High Yield Fund		135,627,746		—		—		—		135,627,746
Short-Term Bond Fund		6,874,827		—		—		—		6,874,827

187

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

	Distributions paid from
Fund	Net Investment Income*		Net Long Term Capital Gains		Tax-Exempt Distributions**		Return of Capital		Total Distributions Paid
Short-Term Municipal Bond Fund †	$	29,571	$	276,015	$	582,884	$	—	$	888,470
Short-Term U.S. Treasury Securities Fund		172,092		249,541		—		—		421,633
Total Return Bond Fund		37,241,446		9,757,510		—		—		46,998,956
Ultra-Short Bond Fund		1,418,011		—		—		—		1,418,011
U.S. Government Securities Fund		2,267,898		1,470,816		—		—		3,738,714
U.S. Government Securities Ultra-Short Bond Fund		18,399,183		—		—		—		18,399,183
Virginia Intermediate Municipal Bond Fund		160,219		1,542,755		5,228,453		—		6,931,427

* Net investment income includes taxable market discount income and net short-term capital gains, if any.

** The Funds hereby designate these amounts as Exempt Interest Dividends.

† Formerly Maryland Municipal Bond Fund.

Amounts designated as “—” are $0.

The tax character of distributions paid to shareholders during the year ended March 31, 2011 were as follows:

	Distributions paid from
Fund	Net Investment Income*		Net Long Term Capital Gains		Tax-Exempt Distributions**		Return of Capital		Total Distributions Paid***
Core Bond Fund	$	16,077,502	$	9,001,391	$	—	$	3,210,196	$	28,289,089
Corporate Bond Fund		5,841,880		2,815,302		—		—		8,657,182
Georgia Tax-Exempt Bond Fund		1,156		—		8,182,198		—		8,183,354
High Grade Municipal Bond Fund		123,953		—		2,240,279		—		2,364,232
High Income Fund		17,460,959		573,631		—		—		18,034,590
Intermediate Bond Fund		52,826,654		24,181,141		—		4,399,093		81,406,888
Investment Grade Tax-Exempt Bond Fund		22,599,106		4,892,648		30,655,850		—		58,147,604
Limited Duration Fund		184,605		—		—		—		184,605
Limited-Term Federal Mortgage Securities Fund		686,942		—		—		—		686,942
North Carolina Tax-Exempt Bond Fund		7,703		—		2,000,357		—		2,008,060
Seix Floating Rate High Income Fund		104,270,132		—		—		—		104,270,132
Seix High Yield Fund		131,469,591		—		—		—		131,469,591
Short-Term Bond Fund		10,496,316		—		—		—		10,496,316
Short-Term Municipal Bond Fund†		587		82,367		947,774		—		1,030,728
Short-Term U.S. Treasury Securities Fund		790,496		223,436		—		—		1,013,932
Total Return Bond Fund		39,193,984		8,591,898		—		6,002,077		53,787,959
Ultra-Short Bond Fund		1,635,244		—		—		—		1,635,244
U.S. Government Securities Fund		1,409,262		2,309,786		—		—		3,719,048
U.S. Government Securities Ultra-Short Bond Fund		24,487,223		—		—		—		24,487,223
Virginia Intermediate Municipal Bond Fund		96,868		1,193,044		6,529,486		—		7,819,398

* Net investment income includes taxable market discount income and net short-term capital gains, if any.

** The Funds hereby designate these amounts as Exempt Interest Dividends.

*** Total distributions paid differ from the Statements of Changes in Net Assets because for tax purposes dividends are recognized when actually paid.

† Formerly Maryland Municipal Bond Fund.

Amounts designated as “—” are $0.

188

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

As of March 31, 2012, the components of distributable earnings (accumulated losses) on a federal income tax basis were as follows:

Fund	Undistributed Tax Exempt Income		Undistributed Ordinary Income		Undistributed Long Term Capital Gain		Net Unrealized Appreciation (Depreciation)*			Loss Carryforwards and Deferrals			Total
Core Bond Fund	$	—	$	2,794,123	$	132,124	$	9,343,973		$	—		$	12,270,220
Corporate Bond Fund		—		438,382		148,719		4,387,533			—			4,974,634
Georgia Tax-Exempt Bond Fund		622,710		—		—		10,071,886			(6,300,027	)		4,394,569
High Grade Municipal Bond Fund		116,062		843,507		87,877		4,038,905			—			5,086,351
High Income Fund		—		3,368,385		—		(1,763,430	)		(2,427,544	)		(822,589	)
Intermediate Bond Fund		—		6,861,806		1,777,685		38,447,928			—			47,087,419
Investment Grade Tax-Exempt Bond Fund		1,370,860		15,115,536		1,640,398		45,961,601			—			64,088,395
Limited Duration Fund		—		4,188		—		22,681			(1,512,121	)		(1,485,252	)
Limited-Term Federal Mortgage Securities Fund		—		13,029		—		1,017,539			(15,523,834	)		(14,493,266	)
North Carolina Tax-Exempt Bond Fund		63,646		—		—		3,112,527			(789,078	)		2,387,095
Seix Floating Rate High Income Fund		—		15,061,959		—		(12,458,136	)		(78,319,783	)		(75,715,960	)
Seix High Yield Fund		—		12,032,603		—		52,657,387			(25,279,623	)		39,410,367
Short-Term Bond Fund		—		444,469		—		4,881,194			(6,421,441	)		(1,095,778	)
Short-Term Municipal Bond Fund†		—		59,281		466,631		445,973			—			971,885
Short-Term U.S. Treasury Securities Fund		—		6,488		16,324		196,966			—			219,778
Total Return Bond Fund		—		10,009,510		1,243,272		27,315,104			—			38,567,886
Ultra-Short Bond Fund		—		109,213		—		592,015			(3,825,077	)		(3,123,849	)
U.S. Government Securities Fund		—		1,098,919		73,389		867,647			—			2,039,955
U.S. Government Securities Ultra-Short Bond Fund		—		1,422,302		—		27,219,979			(17,126,046	)		11,516,235
Virginia Intermediate Municipal Bond Fund		418,433		122,790		608,549		11,936,064			—			13,085,836

* The differences between book-basis and tax basis unrealized appreciation (depreciation) is attributable primarily to: tax deferral of losses on wash sales, straddle deferrals, futures contract mark to market, dividends payable, bank loan adjustments, forward contracts mark to market 988(a)(1)(b), and mark to market on credit default swaps.

† Formerly Maryland Municipal Bond Fund.

The Funds utilize the provisions of the federal income tax laws that provide for the carryforward of capital losses from prior years, offsetting such losses against any future realized capital gains. Under the Regulated Investment Company Modernization Act of 2010 (the “Act”), net capital losses recognized in taxable years beginning after December 22, 2010 (“post-enactment”), may be carried forward indefinitely, and their character is retained as short-term and/or long-term losses. Previously, net capital losses were carried forward for eight years and treated as short-term losses (“pre-enactment”). The Act requires that post-enactment net capital losses be used before pre-enactment net capital losses.

As of March 31, 2012, the post-enactment accumulated short-term and long-term capital loss carryforwards were as follows:

Fund	Short Term		Long Term		Total
Georgia Tax-Exempt Bond Fund	$	1,696,406	$	854,322	$	2,550,728
Seix Floating Rate High Income Fund		19,200,215		—		19,200,215
U.S. Government Securities Ultra-Short Bond Fund		4,283,231		—		4,283,231

189

NOTES TO FINANCIAL STATEMENTS  (continued)

RIDGEWORTH FUNDS    March 31, 2012

As of March 31, 2012, the pre-enactment accumulated capital loss carryforwards and expiration dates were as follows:

	Expires
Fund	2013		2014		2015		2016		2017		2018		2019		Total
Georgia Tax-Exempt Bond Fund	$	—	$	—	$	—	$	91,135	$	2,203,117	$	1,455,047	$	—	$	3,749,299
Limited Duration Fund		—		—		—		—		410,256		1,101,865		—		1,512,121
Limited-Term Federal Mortgage Securities Fund		3,272,116		5,208,560		4,062,767		2,980,391		—		—		—		15,523,834
North Carolina Tax-Exempt Bond Fund		—		—		—		176,247		612,831		—		—		789,078
Seix Floating Rate High Income Fund		—		—		—		24,483,266		28,987,345		—		—		53,470,611
Seix High Yield Fund		—		—		—		—		—		13,691,622		—		13,691,622
Short-Term Bond Fund		—		—		972,747		—		887,687		4,561,007		—		6,421,441
Ultra-Short Bond Fund		548,433		572,772		667,058		—		202,726		1,362,740		451,224		3,804,953
U.S. Government Securities Ultra-Short Bond Fund		393,173		272,349		150,450		—		—		699,858		10,094,590		11,610,420

Amounts designated as “—” are $0.

Capital loss carryforwards may be applied to offset future realized capital gains and may thus reduce future capital gain distributions.

During the year ended March 31, 2012, the following Funds utilized capital loss carryforwards as follows:

Fund	Amount
High Grade Municipal Bond Fund		$986,670
Limited Duration Fund		46,244
Limited-Term Federal Mortgage Securities Fund		1,115,426
North Carolina Tax-Exempt Bond Fund		87,605
Seix High Yield Fund		28,378,257
Short-Term Bond Fund		501,916
Ultra-Short Bond Fund		33,797

During the year ended March 31, 2012, the following Funds had capital loss carryforwards that expired in fiscal 2012 as follows:

Fund	Amount
Limited-Term Federal Mortgage Securities Fund	$	604,086
Ultra-Short Bond Fund		460,663
U.S. Government Securities Ultra-Short Bond Fund		296,564

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. During the year ended March 31, 2012, the following Funds had net capital losses:

Fund	Amount
High Income Fund		$2,427,544
Seix Floating Rate High Income Fund		5,648,957
Seix High Yield Fund		11,588,001
Ultra-Short Bond Fund		20,124
U.S. Government Securities Ultra-Short Bond Fund		1,232,395

190

NOTES TO FINANCIAL STATEMENTS  (concluded)

RIDGEWORTH FUNDS    March 31, 2012

Pursuant to federal income tax rules applicable to regulated investment companies, the Funds may elect to treat certain capital losses between November 1 and March 31 and late year ordinary losses ((i) ordinary losses between January 1 and March 31, and (ii) specified ordinary and currency losses between November 1 and March 31) as occurring on the first day of the following tax year. For the year ended March 31, 2012, any amount of losses elected within the tax return will not be recognized for federal income tax purposes until April 1, 2012.

7. Accounting Pronouncements

In May 2011, the Financial Accounting Standards Board issued ASU No. 2011-04 “Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards (“IFRSs”).” ASU 2011-04 includes common requirements for measurement of and disclosure about fair value between U.S. GAAP and IFRS. ASU 2011-04 will require reporting entities to make disclosures about amounts and reasons for all transfers in and out of Level 1 and Level 2 fair value measurements. In addition, ASU 2011-04 will require reporting entities to disclose the following information for fair value measurements categorized within Level 3 of the fair value hierarchy: quantitative information about the unobservable inputs used in the fair value measurement, the valuation processes used by the reporting entity and a narrative description of the sensitivity of the fair value measurement to changes in unobservable inputs and the interrelationships between those unobservable inputs. The new and revised disclosures are effective for interim and annual reporting periods beginning after December 15, 2011. Management is currently evaluating the implications of ASU No. 2011-04 and its impact on the financial statements.

8. Subsequent Events

Management has evaluated subsequent events through the date these financial statements were issued for purposes of recognition or disclosure in the financial statements. Management has determined that, except as set forth below, there are no material events that would require disclosure in the Fund’s financial statements through this date.

On April 9, 2012, the shareholders of the Maryland Municipal Bond Fund (the “Fund”) approved the following:

Ÿ A new fundamental policy, which requires the Fund to invest at least 80% of its net assets (plus any borrowings for investment purposes) in municipal securities.

191

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

RIDGEWORTH FUNDS    March 31, 2012

To the Board of Trustees and Shareholders of RidgeWorth Funds:

In our opinion, the accompanying statements of assets and liabilities, including the schedules of portfolio investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Core Bond Fund (formerly RidgeWorth Investment Grade Bond Fund), Corporate Bond Fund, Georgia Tax-Exempt Bond Fund, High Grade Municipal Bond Fund, High Income Fund, Intermediate Bond Fund, Investment Grade Tax-Exempt Bond Fund, Limited Duration Fund, Limited-Term Federal Mortgage Securities Fund, North Carolina Tax-Exempt Bond Fund, Seix Floating Rate High Income Fund, Seix High Yield Fund, Short-Term Bond Fund, Short-Term Municipal Bond Fund (formerly RidgeWorth Maryland Municipal Bond Fund), Short-Term U.S. Treasury Securities Fund, Total Return Bond Fund, Ultra-Short Bond Fund, U.S. Government Securities Fund, U.S. Government Securities Ultra-Short Bond Fund, and Virginia Intermediate Municipal Bond Fund, (twenty of the funds constituting RidgeWorth Funds, collectively the “Funds”) at March 31, 2012, the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended and the financial highlights for each of the periods indicated, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as “financial statements”) are the responsibility of the Funds’ management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at March 31, 2012 by correspondence with the custodian, brokers, and application of alternative auditing procedures where securities purchased had not been received, provide a reasonable basis for our opinion.

PricewaterhouseCoopers LLP

May 25, 2012

Boston, Massachusetts

192

OTHER FEDERAL TAX INFORMATION

RIDGEWORTH FUNDS    March 31, 2012

(Unaudited)

The following Funds hereby designate the following amounts as long term capital gain distributions:

Fund	Amount
Core Bond Fund		$9,028,880
Corporate Bond Fund		5,151,522
High Grade Municipal Bond Fund		83,915
High Income Fund		1,105,381
Intermediate Bond Fund		20,555,766
Investment Grade Tax-Exempt Bond Fund		5,529,959
Short-Term Municipal Bond Fund†		1,077,372
Short-Term U.S. Treasury Securities Fund		249,541
Total Return Bond Fund		9,757,510
U.S. Government Securities Fund		1,470,816
Virginia Intermediate Municipal Bond Fund		1,542,755

† Formerly Maryland Municipal Bond Fund.

For corporate shareholders, the following percentages of the total ordinary income distributions paid by the following Funds during the fiscal year ended March 31, 2012 qualify for the corporate dividends received deduction:

Fund	Dividend Received Deduction
High Income Fund		2	%
Seix High Yield Fund		1

For the year ended March 31, 2012, the following Funds paid qualified dividend income:

Fund	Qualified Dividend Income
High Income Fund		2	%
Seix High Yield Fund		1

193

TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUNDS

RIDGEWORTH FUNDS    March 31, 2012

(Unaudited)

Information pertaining to the current Trustees is set forth below. The Trust’s statement of additional information includes additional information about the Trustees and is available without charge by calling 1-888-784-3863.

Name and Age	Position Held with the Trust	Term of Office and Length of Time Served	Principal Occupation(s) During the Past 5 Years	Number of Portfolios in the RidgeWorth Complex Overseen by Trustees		Other Directorships Held By Trustee During the Past 5 Years
Tim E. Bentsen Age: 58	Trustee	Indefinite; since 2012	Audit Partner and Account Executive (since 1993); Lead Area Managing Partner (2005-2009); Office Managing Partner (2003-2009), KPMG LLP.		35	None
Jeffrey M. Biggar Age: 62	Trustee	Indefinite; since 2007	Managing Director, Little Mountain Group, LLC (an independent Registered Investment Advisor consulting firm) (since 2011); Chief Operating Officer, Cedar Brook Financial Partners LLC (2008-2010); Chief Executive Officer and Senior Managing Director, Sterling (National City Corp.) (2000-2006).		35	Multi-Manager Master Portfolios LLC (3 portfolios)
George C. Guynn Age: 69	Trustee	Indefinite; since 2008	Retired. President and Chief Executive Officer (1996-2006) Federal Reserve Bank of Atlanta.		35	Genuine Parts Company; Oxford Industries; John Wieland Homes & Neighborhoods Inc.; Acuity Brands Inc.; Multi-Manager Master Portfolios LLC (3 portfolios)
Sidney E. Harris Age: 62	Trustee	Indefinite; since 2004	Professor (since 1997), Dean (1997-2004), J. Mack Robinson College of Business, Georgia State University.		35	Total System Services, Inc.; Multi-Manager Master Portfolios LLC (3 portfolios)
Warren Y. Jobe Age: 71	Trustee	Indefinite; since 2004	Retired. Executive Vice President and Chief Financial Officer, Georgia Power Company (1982-1998) and Senior Vice President, Southern Company (1998-2001).		35	WellPoint, Inc; UniSource Energy Corporation
Connie D. McDaniel Age: 54	Trustee	Indefinite; since 2005	Vice President, Chief of Internal Audit, Corporate Audit Department (since 2009); Vice President Global Finance Transformation (2007-2009); Vice President and Controller (1999-2007), The Coca-Cola Company.		35	None

194

TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUNDS  (concluded)

RIDGEWORTH FUNDS    March 31, 2012

(Unaudited)

Information pertaining to the current Officers of the Trust is set forth below.

Name, Address and Age	Position(s) Held with the Trust	Term of Office and Length of Time Served	Principal Occupation(s) During the Past 5 Years
Julia R. Short RidgeWorth Investments 3333 Piedmont Road, NE Suite 1500 Atlanta, GA 30305 Age: 39	President and Chief Executive Officer	One year; since 2007	Managing Director, Product Manager, RidgeWorth Investments. (since 2004); Relationship Manager, SEI Investments (financial services) (1994-2004).
Joseph M. O’Donnell RidgeWorth Investments 3333 Piedmont Road, NE Suite 1500 Atlanta, GA 30305 Age: 57	Executive Vice President and Chief Compliance Officer	One year; since 2011	Chief Compliance Officer of the ING Funds (2004-2011); Executive Vice President of the ING Funds (2004-2011); Chief Compliance Officer of ING Investments, LLC (2006-2008 and October 2009-2011); and Investment Advisor Chief Compliance Officer, Directed Services LLC (2006-2008 and 2009-2011). Formerly, Investment Advisor Chief Compliance Officer, ING Life Insurance and Annuity Company (2006).
Cynthia L. Morse-Griffin Foreside Management Services, LLC Three Canal Plaza, Suite 100 Portland, ME 04101 Age: 36	Treasurer and Chief Financial Officer	One year; since 2010	Fund Principal Financial Officer, Foreside Management Services, LLC (2008-present); Assistant Vice President, Citigroup Fund Services, LLC (2001-2008).
Benjamin H. Lowe RidgeWorth Investments 3333 Piedmont Road, NE Suite 1500 Atlanta, GA 30305 Age: 34	Assistant Treasurer	One year; since March 2012	Director of Fund Administration, RidgeWorth Investments (since 2011); Fund Controller, ALPS Fund Services, Inc. (2005-2011).
Alan Otis State Street Bank and Trust Co. 4 Copley Place, 5th Fl. Boston, MA 02116 Age: 40	Assistant Treasurer	One year; since 2010	Vice President, State Street Bank and Trust Company (since 1995).*
James Bacik State Street Bank and Trust Co. 4 Copley Place, 5th Fl. Boston, MA 02116 Age: 37	Assistant Treasurer	One year; since 2010	Assistant Vice President, State Street Bank and Trust Company (since 2001).*
James M. Atwood Foreside Compliance Services, LLC Three Canal Plaza, Suite 100 Portland, ME 04101 Age: 46	Anti-Money Laundering Officer and Identity Theft Prevention Officer	One year; since 2010	Compliance Analyst, Foreside Compliance Services, LLC (since 2007); personal sabbatical (2004-2007); Attorney, Pierce Atwood (law firm) (2001-2004).
Julie Tedesco State Street Bank and Trust Company 4 Copley Place Boston, MA 02116 Age: 54	Secretary and Chief Legal Officer	One year; since 2010	Senior Vice President and Senior Managing Counsel, State Street Bank and Trust Company (since 2000).*
Odeh Stevens State Street Bank and Trust Company 200 Clarendon Street Boston, MA 02116 Age: 43	Assistant Secretary	One year; since 2010	Vice President and Counsel, State Street Bank and Trust Company (since 2005). Legal Product Manager, Fidelity Investments (2000-2005).

* During the period indicated the Officer has held various positions at State Street Bank and Trust Company and has provided his or her current title.

195

ADDITIONAL INFORMATION

RIDGEWORTH FUNDS    March 31, 2012

(Unaudited)

ANNUAL APPROVAL OF INVESTMENT ADVISORY AND SUBADVISORY AGREEMENTS

The continuance of the Trust’s investment advisory agreement with RidgeWorth Capital Management, Inc. (the “Adviser”) and subadvisory agreements between the Adviser and each of Seix Investment Advisors LLC and StableRiver Capital Management LLC (together, the “Subadvisers”) must be specifically approved at least annually by (i) the vote of the Trustees or a vote of the shareholders of the Funds and (ii) the vote of a majority of the Trustees who are not parties to the agreements or “interested persons” of any party thereto (the “Independent Trustees”), as defined in the Investment Company Act of 1940, cast in person at a meeting called for the purpose of voting on such approval. New advisory agreements for the Trust are also subject to such approval initially and annually after their initial term is complete.

Each year, the Board of Trustees calls and holds a meeting to decide whether to approve and/or renew the Trust’s agreements for the upcoming year. In preparation for the meeting, the Board requests and reviews a wide variety of information from the Adviser and Subadvisers. The Trustees use this information, as well as other information that the Adviser, Subadvisers, and other service providers may submit to the Board, to help them decide whether to approve and/or renew the agreements.

In considering the renewal of the agreements with the Adviser and Subadvisers, the Board requested and received material from the Adviser and Subadvisers in preparation for a special meeting of the Board held on October 13, 2011, and requested and reviewed additional material from the Adviser and Subadvisers in preparation for its quarterly meeting held on November 15, 2011, at which it specifically considered the renewal of the agreements. Such material included, among other things, information about: (i) the quality of the Adviser’s and Subadvisers’ investment management and other services; (ii) the Adviser’s and Subadvisers’ investment management personnel; (iii) the Adviser’s and Subadvisers’ operations and financial condition; (iv) the Adviser’s and Subadvisers’ brokerage practices (including any soft dollar arrangements) and investment strategies; (v) the level of the advisory fees that the Adviser and Subadvisers charge the Funds compared with the fees they charge to comparable mutual funds or accounts; (vi) the Funds’ overall fees and operating expenses compared with similar mutual funds; (vii) the level of the Adviser’s and Subadvisers’ profitability from their Fund-related operations; (viii) the Adviser’s and Subadvisers’ compliance systems; (ix) the Adviser’s and Subadvisers’ policies and procedures for personal securities transactions; (x) the Adviser’s and Subadvisers’ reputation, expertise, and resources in domestic financial markets; and (xi) the Funds’ performance compared with similar mutual funds. The Board also received a memorandum from fund counsel regarding the responsibilities of the Trustees in connection with their consideration of the agreements.

At the meetings, representatives from the Adviser and Subadvisers presented additional oral and written information to the Board to help the Board evaluate the Adviser’s and Subadvisers’ fees and other aspects of the agreements. The Board also considered information presented by the Adviser, Subadvisers, and other service providers at meetings held throughout the year. The Trustees discussed the written materials, oral presentations, and any other information that the Board received, and considered the approval of the agreements in light of this information.

Based on the Board’s deliberations and evaluation of the information it received, the Board, all of whose members are Independent Trustees, approved the renewal of the agreements with the Adviser and Subadvisers and determined that the compensation under the agreements is fair and reasonable in light of the services to be performed. The Board considered the following specific factors, none of which was controlling, and made the following conclusions:

Nature, Extent, and Quality of Services

The Board received and considered information regarding the nature, extent, and quality of services to be provided to the Funds by the Adviser and Subadvisers. In this regard, the Trustees evaluated, among other things, the Adviser’s and Subadvisers’ personnel, experience, track record, and compliance program. The Board considered the background and experience of the Adviser’s and Subadvisers’ senior management and the expertise of, and amount of attention expected to be given to the Funds by, their portfolio management teams. The Board reviewed the qualifications, backgrounds, and responsibilities of the portfolio managers responsible for the day-to-day

196

ADDITIONAL INFORMATION  (continued)

RIDGEWORTH FUNDS    March 31, 2012

(Unaudited)

ANNUAL APPROVAL OF INVESTMENT ADVISORY AND SUBADVISORY AGREEMENTS  (concluded)

management of the Funds. The Board also reviewed information pertaining to the Adviser’s and Subadvisers’ organizational structure, senior management, investment operations, and other relevant information. The Board concluded that, within the context of its full deliberations, the nature, extent, and quality of the services to be provided to the Funds by the Adviser and Subadvisers supported the approval of the agreements.

Performance

The Board considered the investment performance of each Fund, including any periods of outperformance and underperformance, both on an absolute basis and a comparative basis to indices and other funds within the same investment categories. Specifically, the Board considered each Fund’s performance relative to its peer group and appropriate benchmarks in light of total return, yield, and market trends. As part of this review, the Board considered the composition of the peer group and selection criteria, as well as market risk and shareholder risk expectations. The Board considered the Adviser’s and Subadvisers’ explanations regarding specific performance issues. The Board concluded that, within the context of its full deliberations, the performance of the Funds, the Adviser, and the Subadvisers supported the approval of the agreements.

Fund Expenses

With respect to advisory fees, the Board considered the rate of compensation under the agreements and each Fund’s net operating expense ratio in comparison to those of comparable mutual funds. The Trustees also considered information about average expense ratios of comparable mutual funds in each Fund’s peer group. Finally, the Trustees considered the effect of the Adviser’s and Subadvisers’ waiver and reimbursement of fees and expenses, where applicable, to prevent total expenses from exceeding a specified amount and that, due to these waivers and reimbursements, net operating expenses have been maintained at competitive levels. The Board concluded that, within the context of its full deliberations, the expenses of the Funds are reasonable and supported the approval of the agreements.

Profitability

The Board reviewed information about the profitability of the Funds to the Adviser and Subadvisers and considered whether the level of profitability was reasonable and justified in light of the quality of the services rendered to the Funds and in comparison to other advisory firms. The Board concluded that, within the context of its full deliberations, the profitability of the Adviser and Subadvisers is within the range the Board considered reasonable.

Economies of Scale

The Board considered the existence of economies of scale and whether they were passed along to Fund shareholders through a graduated advisory fee schedule or other means, including any fee and expense waivers and reimbursements by the Adviser and Subadvisers. The Board concluded that, within the context of its full deliberations, the Funds obtain reasonable benefit from economies of scale.

197

ADDITIONAL INFORMATION  (continued)

RIDGEWORTH FUNDS    March 31, 2012

(Unaudited)

Shareholder Meeting Results

A special meeting of shareholders (“Meeting”) of the Maryland Municipal Bond Fund (“Fund”) was held on April 9, 2012.

The Meeting was held to consider and act on the following proposal: To approve a change to the Fund’s current fundamental investment policy of investing at least 80% of its net assets (plus any borrowings for investment purposes) in municipal securities, including securities subject to the U.S. federal alternative minimum tax, with income exempt from regular U.S. federal income tax and Maryland state income tax to investing at least 80% of its net assets (plus any borrowings for investment purposes) in municipal securities (the “Proposal”).

The number of shares outstanding on the record date (February 22, 2012), the number of shares represented at the Meeting, and the details of the voting with respect to the Proposal is shown below. The Proposal received the required number of affirmative votes for approval.

Shares Outstanding	Shares Represented	Affirmative Votes	Objecting Votes	Abstaining Votes
1,030,174.307	648,421	583,266	65,155	0

198

ADDITIONAL INFORMATION  (continued)

RIDGEWORTH FUNDS    March 31, 2012

(Unaudited)

Expense Examples

As a shareholder of the RidgeWorth Funds, you incur two types of costs: (1) transaction costs, including sales charges (loads) or contingent deferred sales charges on purchases and/or sales; and (2) ongoing costs, including management fees, 12b-1 distribution and/or service fees, and other Fund expenses. These examples are intended to help you understand your ongoing costs (in dollars) of investing in the RidgeWorth Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

These examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from October 1, 2011 through March 31, 2012.

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.

Fund	Class		Beginning Account Value 10/01/11		Ending Account Value 03/31/12		Expenses Paid During Period* 10/01/11-03/31/12		Expense Ratio During Period** 10/01/11-03/31/12
Core Bond Fund		I Shares	$	1,000.00	$	1,011.00	$	1.91		0.38	%
		A Shares		1,000.00		1,010.10		3.67		0.73
		R Shares		1,000.00		1,008.00		4.92		0.98
Corporate Bond Fund		I Shares		1,000.00		1,028.00		3.09		0.61
		A Shares		1,000.00		1,027.80		4.26		0.84
		C Shares		1,000.00		1,023.00		7.99		1.58
Georgia Tax-Exempt Bond Fund		I Shares		1,000.00		1,040.90		3.16		0.62
		A Shares		1,000.00		1,041.10		3.93		0.77
High Grade Municipal Bond Fund		I Shares		1,000.00		1,046.30		3.22		0.63
		A Shares		1,000.00		1,045.50		3.99		0.78
High Income Fund		I Shares		1,000.00		1,119.80		3.82		0.72
		A Shares		1,000.00		1,119.80		5.41		1.02
		R Shares		1,000.00		1,116.60		6.88		1.30
Intermediate Bond Fund		I Shares		1,000.00		1,011.00		1.71		0.34
		A Shares		1,000.00		1,010.50		3.17		0.63
		R Shares		1,000.00		1,007.50		5.12		1.02
Investment Grade Tax-Exempt Bond Fund		I Shares		1,000.00		1,037.20		3.16		0.62
		A Shares		1,000.00		1,035.00		4.38		0.86
Limited Duration Fund		I Shares		1,000.00		1,002.80		1.60		0.32
Limited-Term Federal Mortgage Securities Fund		I Shares		1,000.00		1,012.00		3.32		0.66
		A Shares		1,000.00		1,011.90		4.33		0.86
		C Shares		1,000.00		1,007.00		8.33		1.66
North Carolina Tax-Exempt Bond Fund		I Shares		1,000.00		1,034.60		3.51		0.69
		A Shares		1,000.00		1,034.90		4.27		0.84
Seix Floating Rate High Income Fund		I Shares		1,000.00		1,067.20		3.57		0.69
		A Shares		1,000.00		1,066.10		4.60		0.89
		C Shares		1,000.00		1,062.70		7.94		1.54
Seix High Yield Fund		I Shares		1,000.00		1,099.00		2.89		0.55
		A Shares		1,000.00		1,098.00		4.09		0.78
		R Shares		1,000.00		1,096.30		5.56		1.06
Short-Term Bond Fund		I Shares		1,000.00		1,018.50		2.37		0.47
		A Shares		1,000.00		1,016.80		4.03		0.80
		C Shares		1,000.00		1,012.50		7.35		1.46
Short-Term Municipal Bond Fund†		I Shares		1,000.00		1,023.80		3.29		0.65
		A Shares		1,000.00		1,023.10		4.05		0.80
Short-Term U.S. Treasury Securities Fund		I Shares		1,000.00		999.00		2.75		0.55
		A Shares		1,000.00		998.10		3.65		0.73
		C Shares		1,000.00		995.10		6.68		1.34
Total Return Bond Fund		I Shares		1,000.00		1,021.10		1.97		0.39
		A Shares		1,000.00		1,019.30		3.48		0.69
		R Shares		1,000.00		1,019.50		4.54		0.90

199

ADDITIONAL INFORMATION  (continued)

RIDGEWORTH FUNDS    March 31, 2012

(Unaudited)

Fund	Class		Beginning Account Value 10/01/11		Ending Account Value 03/31/12		Expenses Paid During Period* 10/01/11-03/31/12		Expense Ratio During Period** 10/01/11-03/31/12
Ultra-Short Bond Fund		I Shares	$	1,000.00	$	1,013.90	$	1.91		0.38	%
U.S. Government Securities Fund		I Shares		1,000.00		992.70		3.94		0.79
		A Shares		1,000.00		991.60		5.08		1.02
		C Shares		1,000.00		988.90		7.71		1.55
U.S. Government Securities Ultra-Short Bond Fund		I Shares		1,000.00		1,009.90		1.86		0.37
Virginia Intermediate Municipal Bond Fund		I Shares		1,000.00		1,025.20		3.19		0.63
		A Shares		1,000.00		1,025.40		3.95		0.78

* Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days (183) in the most recent fiscal half-year divided by the number of days in the fiscal year.

** Annualized.

† Formerly Maryland Municipal Bond Fund.

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.

Fund	Class		Beginning Account Value 10/01/11		Ending Account Value 03/31/12		Expenses Paid During Period* 10/01/11-03/31/12		Expense Ratio During Period** 10/01/11-03/31/12
Core Bond Fund		I Shares	$	1,000.00	$	1,023.10	$	1.92		0.38	%
		A Shares		1,000.00		1,021.35		3.69		0.73
		R Shares		1,000.00		1,020.10		4.95		0.98
Corporate Bond Fund		I Shares		1,000.00		1,021.95		3.08		0.61
		A Shares		1,000.00		1,020.80		4.24		0.84
		C Shares		1,000.00		1,017.10		7.97		1.58
Georgia Tax-Exempt Bond Fund		I Shares		1,000.00		1,021.90		3.13		0.62
		A Shares		1,000.00		1,021.15		3.89		0.77
High Grade Municipal Bond Fund		I Shares		1,000.00		1,021.85		3.18		0.63
		A Shares		1,000.00		1,021.10		3.94		0.78
High Income Fund		I Shares		1,000.00		1,021.40		3.64		0.72
		A Shares		1,000.00		1,019.90		5.15		1.02
		R Shares		1,000.00		1,018.50		6.56		1.30
Intermediate Bond Fund		I Shares		1,000.00		1,023.30		1.72		0.34
		A Shares		1,000.00		1,021.85		3.18		0.63
		R Shares		1,000.00		1,019.90		5.15		1.02
Investment Grade Tax-Exempt Bond Fund		I Shares		1,000.00		1,021.90		3.13		0.62
		A Shares		1,000.00		1,020.70		4.34		0.86
Limited Duration Fund		I Shares		1,000.00		1,023.40		1.62		0.32
Limited-Term Federal Mortgage Securities Fund		I Shares		1,000.00		1,021.70		3.34		0.66
		A Shares		1,000.00		1,020.70		4.34		0.86
		C Shares		1,000.00		1,016.70		8.37		1.66
North Carolina Tax-Exempt Bond Fund		I Shares		1,000.00		1,021.55		3.49		0.69
		A Shares		1,000.00		1,020.80		4.24		0.84
Seix Floating Rate High Income Fund		I Shares		1,000.00		1,021.55		3.49		0.69
		A Shares		1,000.00		1,020.55		4.50		0.89
		C Shares		1,000.00		1,017.30		7.77		1.54
Seix High Yield Fund		I Shares		1,000.00		1,022.25		2.78		0.55
		A Shares		1,000.00		1,021.10		3.94		0.78
		R Shares		1,000.00		1,019.70		5.35		1.06

200

ADDITIONAL INFORMATION  (concluded)

RIDGEWORTH FUNDS    March 31, 2012

(Unaudited)

Fund	Class		Beginning Account Value 10/01/11		Ending Account Value 03/31/12		Expenses Paid During Period* 10/01/11-03/31/12		Expense Ratio During Period** 10/01/11-03/31/12
Short-Term Bond Fund		I Shares	$	1,000.00	$	1,022.65	$	2.38		0.47	%
		A Shares		1,000.00		1,021.00		4.04		0.80
		C Shares		1,000.00		1,017.70		7.36		1.46
Short-Term Municipal Bond Fund†		I Shares		1,000.00		1,021.75		3.29		0.65
		A Shares		1,000.00		1,021.00		4.04		0.80
Short-Term U.S. Treasury Securities Fund		I Shares		1,000.00		1,022.25		2.78		0.55
		A Shares		1,000.00		1,021.35		3.69		0.73
		C Shares		1,000.00		1,018.30		6.76		1.34
Total Return Bond Fund		I Shares		1,000.00		1,023.05		1.97		0.39
		A Shares		1,000.00		1,021.55		3.49		0.69
		R Shares		1,000.00		1,020.50		4.55		0.90
Ultra-Short Bond Fund		I Shares		1,000.00		1,023.10		1.92		0.38
U.S. Government Securities Fund		I Shares		1,000.00		1,021.05		3.99		0.79
		A Shares		1,000.00		1,019.90		5.15		1.02
		C Shares		1,000.00		1,017.25		7.82		1.55
U.S. Government Securities Ultra-Short Bond Fund		I Shares		1,000.00		1,023.15		1.87		0.37
Virginia Intermediate Municipal Bond Fund		I Shares		1,000.00		1,021.85		3.18		0.63
		A Shares		1,000.00		1,021.10		3.94		0.78

* Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days (183) in the most recent fiscal half-year divided by the number of days in the fiscal year.

** Annualized.

† Formerly Maryland Municipal Bond Fund.

Proxy Voting Information

Information regarding the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities is available without charge, upon request, by calling 1-888-784-3863. The information also is included in the Funds’ Statement of Additional Information, which is available on the Funds’ website at www.ridgeworth.com and on the Securities and Exchange Commission’s (“SEC”) website at www.sec.gov. Information relating to how each Fund voted proxies relating to portfolio securities held during the most recent twelve months ended June 30 is available on the Funds’ website at www.ridgeworth.com and on the SEC’s website at www.sec.gov.

Quarterly Portfolio Holdings Information

The Funds file their complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Funds’ Forms N-Q are available free of charge on the SEC’s website at www.sec.gov. You may also review or, for a fee, copy those documents by visiting the SEC’s Public Reference Room in Washington, D.C. Information on the operation of the Public Reference Room may be obtained by calling the SEC at 1-800-SEC-0330.

201

INVESTMENT ADVISER:

RidgeWorth Investments

3333 Piedmont Road, NE, Suite 1500

Atlanta, Georgia 30305

www.ridgeworth.com

INVESTMENT SUBADVISERS:

Seix Investment Advisors LLC

10 Mountainview Road, Suite C-200

Upper Saddle River, New Jersey 07458

www.seixadvisors.com

StableRiver Capital Management LLC

3333 Piedmont Road, NE, Suite 1500

Atlanta, Georgia 30305

www.stableriver.com

This information must be preceded or accompanied by a current prospectus for each Fund described. An investor should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about RidgeWorth Funds can be found in the Fund’s prospectus. For additional information, please call 1-888-784-3863, or visit www.ridgeworth.com. Please read the prospectus carefully before investing.

DISTRIBUTOR:

RIDGEWORTH DISTRIBUTORS LLC

Not FDIC Insured • No Bank Guarantee • May Lose Value

RFAR-FI-0312

Item 2. Code of Ethics.

(a) RidgeWorth Funds (the “Registrant”) has adopted a Code of Ethics that applies to the Registrant’s principal executive officer and principal financial officer.

(b) No disclosures are required by this Item 2(b).

(c) The Registrant has not made any amendments to its Code of Ethics during the reporting period for this Form N-CSR.

(d) There have been no waivers granted by the Registrant to individuals covered by the Registrant’s Code of Ethics during the reporting period for this Form N-CSR.

(e) Not applicable.

(f) A copy of the Registrant’s Code of Ethics is attached as an exhibit to this Form N-CSR.

Item 3. Audit Committee Financial Expert.

(a)	(1)	The Board of Trustees of the Registrant has determined that the Registrant has at least one member serving on the Registrant’s Audit Committee that possesses the attributes identified in Instruction 2(b) of Item 3 to Form N-CSR to qualify as “audit committee financial expert.”
	(2)	The name of the audit committee financial expert is Connie McDaniel. Ms. McDaniel has been deemed to be “independent” as that term is defined in Item 3(a)(2) of Form N-CSR.

Item 4. Principal Accountant Fees and Services.

(a) Audit Fees - The aggregate fees billed for the last two fiscal years ended March 31 for professional services rendered by the principal accountant to the Registrant for the annual audit of the Registrant’s financial statements or services normally provided by the accountant in connection with statutory and regulatory filings or engagements for the those fiscal years are set forth below.

	March 31, 2012		March 31, 2011
Audit Fees	$	476,795	$	600,528

(b) Audit Related Fees - The aggregate fees billed for the last two fiscal years ended March 31 for professional services rendered by the principal accountant to the Registrant for assurance and related services rendered by the principal accountant to the Registrant that are reasonably related to the performance of the audit of the Registrant’s financial statements and are not reported under paragraph (a) of this Item 4 are set forth below.

	March 31, 2012		March 31, 2011
Audit-Related Fees	$	0	$	50,850	(1)

(1) Services related to conversion to service provider performed by the principal accountant.

There were no fees billed for the last two fiscal years ended March 31 for assurance and related services rendered by the principal accountant to the investment adviser that are reasonably related to the performance of the audit of the Registrant’s financial statements that were required to be pre-approved by the Audit Committee as described in paragraph (e)(1) of this Item 4.

(c) Tax Fees - The aggregate fees billed for the last two fiscal years ended March 31 for professional services rendered by the principal accountant to the Registrant for tax compliance, tax advice and tax planning in the form of preparation of excise filings and income tax returns are set forth below.

	March 31, 2012		March 31, 2011
Tax Fees	$	179,526	$	0

There were no fees billed for the last two fiscal years ended March 31 for professional services rendered by the principal accountant to the investment adviser for tax compliance, tax advice and tax planning that were required to be pre-approved by the Audit Committee as described in paragraph (e)(1) of this Item 4.

(d) All Other Fees - The aggregate fees billed for the last two fiscal years ended March 31 for products and services provided by the principal accountant to the Registrant, other than the services reported in paragraph (a) – (c) of this Item 4 are set forth below.

	March 31, 2012		March 31, 2011
All Other Fees	$	0	$	0

There were no fees billed for the last two fiscal years ended March 31 for products and services provided by the principal accountant to the investment adviser that were required to be pre-approved by the Audit Committee as described in paragraph (e)(1) of this Item 4.

(e)(1) Audit Committee’s Pre-Approval Policies and Procedures

RIDGEWORTH FUNDS

Audit and Non-Audit Services Pre-Approval Policy

I. Statement of Principles

As set forth in the chart below, the Sarbanes-Oxley Act of 2002 (the “Act”), and rules adopted by the Securities and Exchange Commission (“SEC”) require that the Audit Committee of the Board of Trustees pre-approve all audit services and non-audit services provided to RidgeWorth Funds (the “Trust”) and its portfolios (the “Funds”) by its independent accountant (“Auditor”), as well as non-audit services provided by the Auditor to the Funds’ investment adviser and to affiliates of the adviser that provide ongoing services to the Funds (“Service Affiliates”), listed on Appendix A, if the services directly impact the Funds’ operations and financial reporting.¹

Where Pre-Approval is Required

	Audit Service	Non-Audit Service
Fund	Yes	Yes
Adviser	No	Yes, if directly related to Fund operation and financial reporting
Service Affiliate	No	Yes, if directly related to Fund operation and financial reporting

The following policies and procedures (except Section IX) govern the ways in which the Audit Committee will pre-approve audit and various types of non-audit services that the Auditor provides to the Trust and to Service Affiliates. These policies and procedures do not apply in the case of audit services that the Auditor provides to Service Affiliates, nor do they apply to services that an audit firm other than the Auditor provides to such entities.

These policies and procedures comply with the requirements for pre-approval, but also provide a mechanism by which management of the Trust may request and secure pre-approval of audit and non-audit services in an orderly manner with minimal disruption to normal business operations. Pre-approval of non-audit services by the Auditor may be achieved through a combination of the procedures described in Section VI below.

With respect to non-audit services that may be provided to the Trust by an accounting firm other than the Auditor, the Chairperson of the Audit Committee is authorized to pre-approve such services in accordance with the procedures described in Section IX below.

¹  The Audit Committee also is permitted to ratify the provision of inadvertent non-audit services, but only if:

• the value of all such services do not exceed 5% of total revenues paid by the Trust and Service Affiliates to the Auditor in the fiscal year when services are provided;

• the services were not recognized as non-audit services at the time they were provided; and

• the services are promptly brought to the attention of the Audit Committee and approved prior to the completion of the audit.

II. Audit Services

The annual audit services engagement scope and terms will be subject to the specific pre-approval of the Audit Committee. Audit services include the annual financial statement audit (including required rating agency reviews) and other procedures required to be performed by the independent auditor to be able to form an opinion on the Trust’s financial statements. The Audit Committee will monitor the audit services engagement throughout the year and will also approve, if necessary, any changes in terms and conditions resulting from changes in audit scope, Fund structure or other items. The Audit Committee will pre-approve all audit services for the Trust.

III. Audit-related Services

Audit-related services are assurance and related services that are reasonably related to the performance of the audit or review of the Trust’s financial statements or that are traditionally performed by the Auditor. The Audit Committee will pre-approve all audit-related services for the Trust.

IV. Tax Services

Tax services to the Trust include tax compliance, tax planning and tax advice. The Audit Committee will review all proposed tax related services to assure that their provision would not impair the independence of the Auditor. The Audit Committee will pre-approve all tax services for the Trust.

V. All Other Services

While the SEC’s rules prohibit the Auditor from providing specific non-audit services, as listed on Appendix A, certain other types of non-audit services are permitted. Accordingly, the Audit Committee believes it may pre-approve those permissible non-audit services classified as All Other Services that it believes would not impair the independence of the Auditor, and are consistent with the SEC’s rules on auditor independence. The Audit Committee will pre-approve all other services for the Trust.

VI. Procedures

A. Regular Pre-Approval Procedures

The Audit Committee shall pre-approve at its regularly scheduled meetings the audit, audit-related, tax and other non-audit services to be rendered by the Auditor to the Trust and those non-audit services to be rendered by the Auditor to the Service Affiliates that require pre-approval by the Audit Committee. In connection with such pre-approvals, the Auditor, or the President and/or Treasurer with the assistance of the Auditor, shall provide the Audit Committee with a report containing information about each type of service to be pre-approved at the meeting, an explanation of why the service is being performed, and projected fees.

The Auditor shall notify the President, Treasurer, and Chairperson of the Audit Committee as soon as practicable regarding its engagement to provide Fund-related non-audit services to Service Affiliates.

B. Interim Pre-Approval Procedures

If, in the opinion of the President and/or Treasurer, a proposed engagement needs to commence before the next regularly scheduled Audit Committee meeting, the Chairperson of the Audit Committee (the “Chairperson”) is authorized to pre-approve the engagement so long as the amount to be paid to the Auditor would not exceed $50,000. The President and/or Treasurer will coordinate with the Chairperson and provide to the Chairperson, with the assistance of the Auditor, information about the service to be considered for pre-approval. The Auditor may not commence the engagement under consideration until the President and/or Treasurer has indicated that pre-approval has been obtained from the Chairperson. The Chairperson will report any interim pre-approval decisions to the Audit Committee at its next regularly scheduled meeting.

VII. Recordkeeping

The Trust shall maintain a written record of all decisions made by the Audit Committee or by the Chairperson of the Audit Committee pursuant to these procedures, together with appropriate supporting material. In connection with the ratification of any inadvertent non-audit services, a record shall be made indicating that each of the conditions for this exception to the pre-approval requirement has been satisfied.

VIII.  Amendment

The Audit Committee may review and amend these policies and procedures from time to time as it deems appropriate.

IX. Interim Pre-Approval of Non-Audit Services By Other Accounting Firms

If, in the opinion of the President and/or Treasurer, a proposed engagement for non-audit services to the Trust by an accounting firm other than the Auditor needs to commence before the next regularly scheduled Audit Committee meeting, the Chairperson is authorized to pre-approve the engagement so long as the amount to be paid to the accounting firm would not exceed $50,000. The Chairperson will report any interim pre-approval decisions to the Audit Committee at its next regularly scheduled meeting.

Adopted: March 1, 2012

Amended

Appendix A

Service Affiliates Subject to Pre-Approval of Non-Audit Services

Including, but not limited to:

RidgeWorth Capital Management, Inc. and its subsidiaries.

Zevenbergen Capital Investments LLC

Prohibited Non-Audit Services

• Bookkeeping or other services related to the accounting records or financial statements of the audit client;

• Financial information systems design and implementation;

• Appraisal or valuation services, fairness opinions, or contribution-in-kind reports;

• Actuarial services;

• Internal audit outsourcing services;

• Management functions or human resources;

• Broker or dealer, investment adviser, or investment banking services;

• Legal services and expert services unrelated to the audit.

(e)(2) Percentage of Services - None of the services summarized in (b)-(d), above, were approved by the Audit Committee pursuant to Rule 2-01(c)(7)(i)(C) of Regulation S-X.

(f) No disclosures are required by this Item 4(f).

(g) The aggregate non-audit fees billed for the last two fiscal years ended March 31 for services rendered by the principal accountant to the Registrant are set forth below.

March 31, 2012	March 31, 2011
$179,526	$50,850

The approximate aggregate non-audit fees billed for the last two fiscal years ended March 31 for services rendered by the Registrant’s principal accountant to the Registrant’s investment adviser, and any other entity controlling, controlled by, or under common control with the Registrant’s investment adviser that provides ongoing services to the Registrant are set forth below.

March 31, 2012	March 31, 2011
$17,100,000	$1,475,678

Services for which the non-audit fees were billed relate principally to mortgage compliance reviews, general corporate and state and local tax assistance and accounting matters, and various strategic reporting consulting projects.

(h) In regards to Item 4 (g), the Audit Committee has considered that the provision of non-audit services that were rendered to the Registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the Registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant’s independence.

Item 5. Audit Committee of Listed Registrants.

Not applicable.

Item 6. Schedule of Investments.

(a) Schedule of Investments is included as a part of the reports to shareholders filed under Item 1 of this Form N-CSR.

(b) 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 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.

The Board of Trustees has not adopted formal procedures by which shareholders may recommend nominees to the Board of Trustees.

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)	Code of Ethics described in Item 2 is attached hereto.
	(2)	The certifications required by Rule 30a-2(a) of the 1940 Act are attached hereto.
	(3)	Not applicable.

(b) The certifications required by Rule 30a-2(b) of the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto.

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.

RIDGEWORTH FUNDS

By:	/s/ Julia Short
	Julia Short
	President
Date:	June 7, 2012

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:	/s/ Julia Short
	Julia Short
	President
Date:	June 7, 2012

By:	/s/ Cynthia L. Morse-Griffin
	Cynthia L. Morse-Griffin
	Treasurer
Date:	June 7, 2012

EX-99.CODEETH

Exhibit 12(a)(1)

RIDGEWORTH FUNDS

FINANCIAL OFFICER CODE OF ETHICS

I. INTRODUCTION

The reputation and integrity of the RidgeWorth Funds (the “Trust”) are valuable assets that are vital to the Trust’s success. The Trust’s senior financial officers (“SFOs”) are responsible for conducting the Trust’s business in a manner that demonstrates a commitment to the highest standards of integrity. The Trust’s SFOs include the principal executive officer, the principal financial officer, comptroller or principal accounting officer, and any person who performs a similar function.

The Sarbanes-Oxley Act of 2002 (the “Act”) effected sweeping corporate disclosure and financial reporting reform on public companies, including mutual funds, to address corporate malfeasance and assure investors that the companies in which they invest are accurately and completely disclosing financial information. Under the Act, all public companies (including the Trust) must either have a code of ethics for their SFOs, or disclose why it does not. The Act was intended to foster corporate environments which encourage employees to question and report unethical and potentially illegal business practices. The Trust has chosen to adopt this Financial Officer Code of Ethics (the “Code”) to encourage their SFOs to act in a manner consistent with the highest principles of ethical conduct.

II. PURPOSES OF THE CODE

The purposes of this Code are:

o     To promote honest and ethical conduct by the Trust’s SFOs, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;

o     To assist the Trust’s SFOs in recognizing and avoiding conflicts of interest, including disclosing to an appropriate person any material transaction or relationship that reasonably could be expected to give rise to such a conflict;

o     To promote full, fair, accurate, timely, and understandable disclosure in reports and documents that the Trust files with, or submits to, the SEC and in other public communications made by the Trust;

o     To promote compliance with applicable laws, rules and regulations;

o     To encourage the prompt internal reporting to an appropriate person of violations of this Code; and

o     To establish accountability for adherence to this Code.

III. QUESTIONS ABOUT THIS CODE

The Trust’s compliance officer designated to oversee compliance with the Trust’s Code of Ethics adopted pursuant to Rule 17j-1 shall serve as Compliance Officer for the implementation and administration of this Code. You should direct your questions about this Code to the Compliance Officer.

IV. CONDUCT GUIDELINES

The Trust has adopted the following guidelines under which the Trust’s SFOs must perform their official duties and conduct the business affairs of the Trust.

1.     ETHICAL AND HONEST CONDUCT IS OF PARAMOUNT IMPORTANCE. The Trust’s SFOs must act with honesty and integrity and avoid violations of this Code, including the avoidance of actual or apparent conflicts of interest with the Trust in personal and professional relationships.

2.     SFOS MUST DISCLOSE MATERIAL TRANSACTIONS OR RELATIONSHIPS. The Trust’s SFOs must disclose to the Compliance Officer any actual or apparent conflicts of interest the SFO may have with the Trust that reasonably could be expected to give rise to any violations of this Code. Such conflicts of interest may arise as a result of material transactions or business or personal relationships to which the SFO may be a party. If it is not possible to disclose the matter to the Compliance Officer, it should be disclosed to the Trust’s Chief Financial Officer, Chief Executive Officer or another appropriate person. In addition to disclosing any actual or apparent conflicts of interest in which an SFO is personally involved, the Trust’s SFOs have an obligation to report any other actual or apparent conflicts which they discover or of which they otherwise become aware. If you are unsure whether a particular fact pattern gives rise to a conflict of interest, or whether a particular transaction or relationship is “material,” you should bring the matter to the attention of the Compliance Officer.

3.     STANDARDS FOR QUALITY OF INFORMATION SHARED WITH SERVICE PROVIDERS OF THE TRUSTS. The Trust’s SFOs must at all times seek to provide information to the Trust’s service providers (adviser, administrator, outside auditor, outside counsel, custodian, ETC.) that is accurate, complete, objective, relevant, timely, and understandable.

4.     STANDARDS FOR QUALITY OF INFORMATION INCLUDED IN PERIODIC REPORTS. The Trust’s SFOs must at all times endeavor to ensure full, fair, timely, accurate, and understandable disclosure in the Trust’s periodic reports.

5.     COMPLIANCE WITH LAWS. The Trust’s SFOs must comply with the federal securities laws and other laws and rules applicable to the Trust, such as the Internal Revenue Code.

6.     STANDARD OF CARE. The Trust’s SFOs must at all times act in good faith and with due care, competence and diligence, without misrepresenting material facts or allowing your independent judgment to be subordinated. The Trust’s SFOs must conduct the affairs of the Trust in a responsible manner, consistent with this Code.

7.     CONFIDENTIALITY OF INFORMATION. The Trust’s SFOs must respect and protect the confidentiality of information acquired in the course of their professional duties, except when authorized by the Trust to disclose it or where disclosure is otherwise legally mandated. You may not use confidential information acquired in the course of your work for personal advantage.

8.     SHARING OF INFORMATION AND EDUCATIONAL STANDARDS. The Trust’s SFOs should share information with relevant parties to keep them informed of the business affairs of the Trust, as appropriate, and maintain skills important and relevant to the Trust’s needs.

9.     PROMOTE ETHICAL CONDUCT. The Trust’s SFOs should at all times proactively promote ethical behavior among peers in your work environment.

10.     STANDARDS FOR RECORDKEEPING. The Trust’s SFOs must at all times endeavor to ensure that the Trust’s financial books and records are thoroughly and accurately maintained to the best of their knowledge in a manner consistent with applicable laws and this Code.

V. WAIVERS OF THIS CODE

You may request a waiver of a provision of this Code by submitting your request in writing to the Compliance Officer for appropriate review. For example, if a family member works for a service provider that prepares the Trust’s financial statements, you may have a potential conflict of interest in reviewing those statements and should seek a waiver of this Code to review the work. An executive officer of the Trust, or another appropriate person (such as a designated Board or Audit Committee member), will decide whether to grant a waiver. All waivers of this code must be disclosed to the Trust’s shareholders to the extent required by SEC rules.

VI. AFFIRMATION OF THE CODE

Upon adoption of the Code, the Trust’s SFOs must affirm in writing that they have received, read and understand the Code, and annually thereafter must affirm that they have complied with the requirements of the Code. To the extent necessary, the Trust’s Compliance Officer will provide guidance on the conduct required by this Code and the manner in which violations or suspected violations must be reported and waivers must be requested.

VII. REPORTING VIOLATIONS

In the event that an SFO discovers or, in good faith, suspects a violation of this Code, the SFO MUST immediately report the violation or suspected violation to the Compliance Officer. The Compliance Officer may, in his or her discretion, consult with another member of the Trust’s senior management or the Board in determining how to address the suspected violation. For example, a Code violation may occur when a periodic report or financial statement of the Trusts omits a material fact, or is technically accurate but, in the view of the SFO, is written in a way that obscures its meaning.

SFOs who report violations or suspected violations in good faith will not be subject to retaliation of any kind. Reported violations will be investigated and addressed promptly and will be treated as confidential to the extent possible.

VIII. VIOLATIONS OF THE CODE

Dishonest or unethical conduct or conduct that is illegal will constitute a violation of this Code, regardless of whether this Code specifically refers to such particular conduct. A violation of this Code may result in disciplinary action, up to and including removal as an SFO of the Trust. A variety of laws apply to the Trust and their operations, including the Securities Act of 1933, the Investment Company Act of 1940, state laws relating to duties owed by Trust officers, and criminal laws. The Trust will report any suspected criminal violations to the appropriate authorities, and will investigate, address and report, as appropriate, non-criminal violations.

ADOPTED: NOVEMBER 20, 2003

Amended July 20, 2010 solely to remove references to RidgeWorth Variable Trust

EX-99.CERT

Exhibit 12(a)(2)

I, Julia Short, President of RidgeWorth Funds, certify that:

1. I have reviewed this report on Form N-CSR of RidgeWorth Funds;

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 officers 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.

Date:    June 7, 2012

By:	/s/ Julia Short
	Julia Short
	President

I, Cynthia L. Morse-Griffin, Treasurer of RidgeWorth Funds, certify that:

1. I have reviewed this report on Form N-CSR of RidgeWorth Funds;

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 officers 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.

Date:    June 7, 2012

By:	/s/ Cynthia L. Morse-Griffin
	Cynthia L. Morse-Griffin
	Treasurer

EX-99.906CERT

Exhibit 12(b)

I, Julia Short, President and I, Cynthia L. Morse-Griffin, Treasurer of RidgeWorth Funds (the “Registrant”), each certify that:

1. The N-CSR of the Registrant (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

By:	/s/ Julia Short
	Julia Short
	President
Date:	June 7, 2012

By:	/s/ Cynthia L. Morse-Griffin
	Cynthia L. Morse-Griffin
	Treasurer
Date:	June 7, 2012