As filed with the Securities and Exchange Commission on August 21, 2014
Securities Act File No. 033-45671
Investment Company Act File No. 811-06557
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933 | x | |||
Post-Effective Amendment No. 94 | x | |||
and/or | ||||
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 |
x | |||
Amendment No. 96 | x |
RIDGEWORTH FUNDS
(Exact Name of Registrant as Specified in Charter)
3333 Piedmont Road, Suite 1500
Atlanta, GA 30305
(Address of Principal Executive Office) (Zip Code)
Registrants Telephone Number, including Area Code: 1-888-784-3863
Julia Short
President
RidgeWorth Funds
3333 Piedmont Road, Suite 1500
Atlanta, GA 30305
(Name and Address of Agent for Service)
Copies to:
W. John McGuire, Esq. Bingham McCutchen LLP 2020 K Street, NW Washington, DC 20006 |
Thomas S. Harman, Esq. Bingham McCutchen LLP 2020 K Street, NW Washington, DC 20006 |
It is proposed that this filing will become effective (check appropriate box):
x | Immediately upon filing pursuant to paragraph (b) |
¨ | On pursuant to paragraph (b) |
¨ | 60 days after filing pursuant to paragraph (a)(1) |
¨ | On pursuant to paragraph (a)(1) |
¨ | 75 days after filing pursuant to paragraph (a)(2) |
¨ | On pursuant to paragraph (a)(2) of Rule 485 |
If appropriate, check the following box:
¨ | This post-effective amendment designates a new effective date for a previously-filed post-effective amendment. |
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that this Post-Effective Amendment No. 94 to the Registration Statement meets all of the requirements for effectiveness pursuant to Rule 485(b) of the Securities Act of 1933, as amended, and the Registrant has duly caused this Post-Effective Amendment No. 94 under the Securities Act of 1933, as amended, and Post-Effective Amendment No. 96 under the Investment Company Act of 1940, as amended, to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Atlanta, and State of Georgia, on the 21st day of August, 2014.
By: | /s/ Julia R. Short | |
Julia R. Short | ||
President and Chief Executive Officer |
Pursuant to the requirements of the Securities Act of 1933, as amended, this Post-Effective Amendment No. 91 has been signed below by the following persons in the capacities and on the date indicated.
Signature | Title | Date | ||
/s/ Jeffrey M. Biggar* |
Trustee | August 21, 2014 | ||
Jeffrey M. Biggar | ||||
/s/ George C. Guynn* |
Trustee | August 21, 2014 | ||
George C. Guynn | ||||
/s/ Sidney E. Harris* |
Trustee | August 21, 2014 | ||
Sidney E. Harris | ||||
/s/ Warren Y. Jobe* |
Trustee | August 21, 2014 | ||
Warren Y. Jobe | ||||
/s/ Connie D. McDaniel* |
Trustee | August 21, 2014 | ||
Connie D. McDaniel | ||||
/s/ Tim E. Bentsen* |
Trustee | August 21, 2014 | ||
Tim E. Bentsen | ||||
/s/ Ashi S. Parikh* |
Trustee | August 21, 2014 | ||
Ashi S. Parikh | ||||
/s/ Julia R. Short |
President and Chief Executive Officer | August 21, 2014 | ||
Julia R. Short | ||||
/s/ Denise R. Lewis |
Treasurer and Chief Financial Officer | August 21, 2014 | ||
Denise R. Lewis |
*By: | /s/ Danio Mastropieri | |
Danio Mastropieri |
* | Pursuant to Powers of Attorney |
EXHIBIT INDEX
Index No. | Description of Exhibit | |
EX-101.INS | XBRL Instance Document | |
EX-101.SCH | XBRL Taxonomy Extension Schema Document | |
EX-101.CAL | XBRL Taxonomy Extension Calculation Linkbase | |
EX-101.DEF | XBRL Taxonomy Extension Definition Linkbase | |
EX-101.LAB | XBRL Taxonomy Extension Labels Linkbase | |
EX-101.PRE | XBRL Taxonomy Extension Presentation Linkbase |
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Label | Element | Value | |||||||||||||
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||
Registrant Name | dei_EntityRegistrantName | RidgeWorth Funds | |||||||||||||
Prospectus Date | rr_ProspectusDate | Aug. 01, 2014 | |||||||||||||
RidgeWorth Georgia Tax-Exempt Bond Fund
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||
Risk/Return [Heading] | rr_RiskReturnHeading | GEORGIA TAX-EXEMPT BOND FUND Summary Section A Shares and I Shares |
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Objective [Heading] | rr_ObjectiveHeading | Investment Objective | |||||||||||||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The Georgia Tax-Exempt Bond Fund (the “Fund”) seeks current income exempt from federal and state income taxes for Georgia residents without undue risk. | |||||||||||||
Expense [Heading] | rr_ExpenseHeading | Fees and Expenses of the Fund | |||||||||||||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in RidgeWorth Funds. More information about these and other discounts is available from your financial professional and in Sales Charges on page 89 of the Fund’s prospectus and Rights of Accumulation on page 75 of the Fund’s statement of additional information. | |||||||||||||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder Fees (fees paid directly from your investment) |
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Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) |
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Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover | |||||||||||||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 67% of the average value of its portfolio. | |||||||||||||
Portfolio Turnover, Rate | rr_PortfolioTurnoverRate | 67.00% | |||||||||||||
Expense Breakpoint Discounts [Text] | rr_ExpenseBreakpointDiscounts | You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in RidgeWorth Funds. More information about these and other discounts is available from your financial professional and in Sales Charges on page 89 of the Fund’s prospectus and Rights of Accumulation on page 75 of the Fund’s statement of additional information. | |||||||||||||
Expense Breakpoint, Minimum Investment Required [Amount] | rr_ExpenseBreakpointMinimumInvestmentRequiredAmount | $ 50,000 | |||||||||||||
Expense Example [Heading] | rr_ExpenseExampleHeading | Example | |||||||||||||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated. The example also assumes that your investment has a 5% return each year, that the Fund’s operating expenses remain the same and that you reinvest all dividends and distributions. The example reflects contractual fee waivers and reimbursements for the first year only. Although your actual costs may be higher or lower, based on these assumptions your costs would be: | |||||||||||||
Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies | |||||||||||||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in municipal securities with income exempt from U.S. federal and Georgia state income taxes. Issuers of these securities can be located in Georgia, Puerto Rico and other U.S. territories and possessions. The Fund may invest up to 20% of its assets in securities subject to the U.S. federal alternative minimum tax. The Fund may also invest a portion of its net assets in certain taxable debt securities. In selecting investments for purchase and sale, the Fund’s Subadviser, Seix Investment Advisors LLC (“Seix” or the “Subadviser”), tries to manage risk as much as possible. Based on the Subadviser’s analysis of municipalities, credit risk, market trends and investment cycles, the Subadviser attempts to invest more of the Fund’s assets in undervalued market sectors and less in overvalued sectors taking into consideration maturity, sector, credit, state and supply and demand levels. There are no limits on the Fund’s average-weighted maturity or on the remaining maturities of individual securities. The Subadviser tries to diversify the Fund’s holdings within the State of Georgia. The Subadviser also tries to identify and invest in municipal issuers with improving credit and avoid those with deteriorating credit. The Fund invests in securities rated investment grade by at least one national securities rating agency or unrated securities that the Subadviser believes are of comparable quality. The Subadviser may retain securities if the rating of the security falls below investment grade and the Subadviser deems retention of the security to be in the best interests of the Fund. |
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Risk [Heading] | rr_RiskHeading | Principal Investment Risks | |||||||||||||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | You may lose money if you invest in the Fund. A Fund share is not a bank deposit and it is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Debt Securities Risk: Debt securities, such as bonds, involve credit risk. Credit risk is the risk that the borrower will not make timely payments of principal or interest or will default. Changes in an issuer’s credit rating or the market’s perception of an issuer’s creditworthiness may also affect the value of the Fund’s investment in that issuer. The degree of credit risk depends on the issuer’s financial condition and on the terms of the securities. Debt securities are also subject to interest rate risk, which is the risk that the value of a debt security may fall when interest rates rise. In general, the market price of debt securities with longer maturities will go up or down more in response to changes in interest rates than the market price of shorter term securities. Municipal Securities Risk: Municipal securities can be significantly affected by litigation, political or economic events, as well as uncertainties in the municipal market related to taxation, legislative changes or the rights of municipal security holders. Municipal securities backed by current or anticipated revenues from specific projects or assets can be negatively affected by the inability of the issuer to collect revenues for the projects or from the assets. State Concentration Risk: The Fund’s concentration of investments in securities of issuers located in the State of Georgia may subject the Fund to economic and government policies within the State. |
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Risk Lose Money [Text] | rr_RiskLoseMoney | You may lose money if you invest in the Fund. | |||||||||||||
Risk Not Insured Depository Institution [Text] | rr_RiskNotInsuredDepositoryInstitution | A Fund share is not a bank deposit and it is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. | |||||||||||||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Performance | |||||||||||||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | The bar chart and the performance table that follow illustrate the risks and volatility of an investment in the Fund. The Fund’s past performance (before and after taxes) does not indicate how the Fund will perform in the future. Updated performance information is available by contacting the RidgeWorth Funds at 1-888-784-3863 or by visiting www.ridgeworth.com. The annual returns in the bar chart which follows are for the I Shares without reflecting payment of any sales charge; if they did reflect such payment of sales charges, annual returns would be lower. The following table compares the Fund’s average annual total returns for the periods indicated with those of a broad measure of market performance. |
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Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns | The following table compares the Fund’s average annual total returns for the periods indicated with those of a broad measure of market performance. | |||||||||||||
Performance Availability Phone [Text] | rr_PerformanceAvailabilityPhone | 1-888-784-3863 | |||||||||||||
Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | www.ridgeworth.com | |||||||||||||
Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | The Fund’s past performance (before and after taxes) does not indicate how the Fund will perform in the future. | |||||||||||||
Bar Chart [Heading] | rr_BarChartHeading | This bar chart shows the changes in performance of the Fund’s I Shares from year to year. | |||||||||||||
Bar Chart Does Not Reflect Sales Loads [Text] | rr_BarChartDoesNotReflectSalesLoads | The annual returns in the bar chart which follows are for the I Shares without reflecting payment of any sales charge; if they did reflect such payment of sales charges, annual returns would be lower. | |||||||||||||
Bar Chart Closing [Text Block] | rr_BarChartClosingTextBlock |
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Performance Table Heading | rr_PerformanceTableHeading | AVERAGE ANNUAL TOTAL RETURNS (for periods ended December 31, 2013) |
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Performance Table Uses Highest Federal Rate | rr_PerformanceTableUsesHighestFederalRate | After-tax returns are calculated using the historical highest individual U.S. federal marginal income tax rates and do not reflect the impact of state and local taxes. | |||||||||||||
Performance Table Not Relevant to Tax Deferred | rr_PerformanceTableNotRelevantToTaxDeferred | Your actual after-tax returns will depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-advantaged arrangements, such as 401(k) plans or individual retirement accounts (“IRAs”). | |||||||||||||
Performance Table One Class of after Tax Shown [Text] | rr_PerformanceTableOneClassOfAfterTaxShown | After-tax returns are shown for only the I Shares. After-tax returns for other share classes will vary. | |||||||||||||
Performance Table Narrative | rr_PerformanceTableNarrativeTextBlock | After-tax returns are calculated using the historical highest individual U.S. federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-advantaged arrangements, such as 401(k) plans or individual retirement accounts (“IRAs”). After-tax returns are shown for only the I Shares. After-tax returns for other share classes will vary. | |||||||||||||
RidgeWorth Georgia Tax-Exempt Bond Fund | A Shares
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||
Maximum Sales Charge (load) Imposed on Purchases (as a % of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | 4.75% | |||||||||||||
Management Fees | rr_ManagementFeesOverAssets | 0.50% | |||||||||||||
Distribution (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.15% | |||||||||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.07% | |||||||||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 0.72% | |||||||||||||
1 Year | rr_ExpenseExampleYear01 | 545 | |||||||||||||
3 Years | rr_ExpenseExampleYear03 | 694 | |||||||||||||
5 Years | rr_ExpenseExampleYear05 | 857 | |||||||||||||
10 Years | rr_ExpenseExampleYear10 | 1,327 | |||||||||||||
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 545 | |||||||||||||
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 694 | |||||||||||||
5 Years | rr_ExpenseExampleNoRedemptionYear05 | 857 | |||||||||||||
10 Years | rr_ExpenseExampleNoRedemptionYear10 | 1,327 | |||||||||||||
1 Year | rr_AverageAnnualReturnYear01 | (3.19%) | |||||||||||||
5 Years | rr_AverageAnnualReturnYear05 | 4.91% | |||||||||||||
10 Years | rr_AverageAnnualReturnYear10 | 3.28% | |||||||||||||
RidgeWorth Georgia Tax-Exempt Bond Fund | I Shares
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||
Maximum Sales Charge (load) Imposed on Purchases (as a % of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | |||||||||||||
Management Fees | rr_ManagementFeesOverAssets | 0.50% | |||||||||||||
Distribution (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | |||||||||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.07% | |||||||||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 0.57% | |||||||||||||
1 Year | rr_ExpenseExampleYear01 | 58 | |||||||||||||
3 Years | rr_ExpenseExampleYear03 | 183 | |||||||||||||
5 Years | rr_ExpenseExampleYear05 | 318 | |||||||||||||
10 Years | rr_ExpenseExampleYear10 | 714 | |||||||||||||
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 58 | |||||||||||||
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 183 | |||||||||||||
5 Years | rr_ExpenseExampleNoRedemptionYear05 | 318 | |||||||||||||
10 Years | rr_ExpenseExampleNoRedemptionYear10 | $ 714 | |||||||||||||
2004 | rr_AnnualReturn2004 | 2.84% | [1] | ||||||||||||
2005 | rr_AnnualReturn2005 | 2.76% | [1] | ||||||||||||
2006 | rr_AnnualReturn2006 | 4.32% | [1] | ||||||||||||
2007 | rr_AnnualReturn2007 | 2.34% | [1] | ||||||||||||
2008 | rr_AnnualReturn2008 | (2.90%) | [1] | ||||||||||||
2009 | rr_AnnualReturn2009 | 11.92% | [1] | ||||||||||||
2010 | rr_AnnualReturn2010 | 0.35% | [1] | ||||||||||||
2011 | rr_AnnualReturn2011 | 9.51% | [1] | ||||||||||||
2012 | rr_AnnualReturn2012 | 7.27% | [1] | ||||||||||||
2013 | rr_AnnualReturn2013 | (3.05%) | [1] | ||||||||||||
Year to Date Return, Label | rr_YearToDateReturnLabel | The Fund’s total return for the six months ended | |||||||||||||
Bar Chart, Year to Date Return, Date | rr_BarChartYearToDateReturnDate | Jun. 30, 2014 | |||||||||||||
Bar Chart, Year to Date Return | rr_BarChartYearToDateReturn | 5.95% | |||||||||||||
Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | Best Quarter | |||||||||||||
Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Sep. 30, 2009 | |||||||||||||
Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 6.69% | |||||||||||||
Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | Worst Quarter | |||||||||||||
Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Dec. 31, 2010 | |||||||||||||
Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | (5.43%) | |||||||||||||
1 Year | rr_AverageAnnualReturnYear01 | (3.05%) | |||||||||||||
5 Years | rr_AverageAnnualReturnYear05 | 5.05% | |||||||||||||
10 Years | rr_AverageAnnualReturnYear10 | 3.43% | |||||||||||||
RidgeWorth Georgia Tax-Exempt Bond Fund | Returns After Taxes on Distributions | I Shares
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||
1 Year | rr_AverageAnnualReturnYear01 | (4.30%) | |||||||||||||
5 Years | rr_AverageAnnualReturnYear05 | 4.77% | |||||||||||||
10 Years | rr_AverageAnnualReturnYear10 | 3.26% | |||||||||||||
RidgeWorth Georgia Tax-Exempt Bond Fund | Returns After Taxes on Distributions and Sale of Fund Shares | I Shares
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||
1 Year | rr_AverageAnnualReturnYear01 | (1.72%) | |||||||||||||
5 Years | rr_AverageAnnualReturnYear05 | 4.49% | |||||||||||||
10 Years | rr_AverageAnnualReturnYear10 | 3.33% | |||||||||||||
RidgeWorth Georgia Tax-Exempt Bond Fund | Barclays U.S. Municipal Bond Index (reflects no deduction for fees, expenses or taxes)
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Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||
1 Year | rr_AverageAnnualReturnYear01 | (2.55%) | |||||||||||||
5 Years | rr_AverageAnnualReturnYear05 | 5.89% | |||||||||||||
10 Years | rr_AverageAnnualReturnYear10 | 4.29% | |||||||||||||
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RidgeWorth International Equity Fund | ||||||||||||||||||||||||||||||||
INTERNATIONAL EQUITY FUND Summary Section A Shares and I Shares |
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Investment Objective | ||||||||||||||||||||||||||||||||
The International Equity Fund (the “Fund”) seeks to provide long-term capital appreciation. | ||||||||||||||||||||||||||||||||
Fees and Expenses of the Fund | ||||||||||||||||||||||||||||||||
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in RidgeWorth Funds. More information about these and other discounts is available from your financial professional and in Sales Charges on page 38 of the Fund’s prospectus and Rights of Accumulation on page 75 of the Fund’s statement of additional information. | ||||||||||||||||||||||||||||||||
Shareholder Fees (fees paid directly from your investment) |
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Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) |
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Example | ||||||||||||||||||||||||||||||||
This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated. The example also assumes that your investment has a 5% return each year, that the Fund’s operating expenses remain the same and that you reinvest all dividends and distributions. The example reflects contractual fee waivers and reimbursements for the first year only. Although your actual costs may be higher or lower, based on these assumptions your costs would be: | ||||||||||||||||||||||||||||||||
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Portfolio Turnover | ||||||||||||||||||||||||||||||||
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 43% of the average value of its portfolio. | ||||||||||||||||||||||||||||||||
Principal Investment Strategies | ||||||||||||||||||||||||||||||||
Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks and other equity securities of foreign companies. The Fund’s investments are diversified among at least three foreign countries. The Fund may also invest in exchange-traded funds (“ETFs”). The Fund invests primarily in developed countries, but may invest in countries with emerging markets. In selecting investments for purchase and sale, Certium Asset Management LLC (“Certium” or the “Subadviser”) seeks to identify stocks with positive earnings trends and attractive valuations. Fundamental analysis is used to determine those companies that are projected to have sustainability of earnings and global industry positioning. The Subadviser’s goal is to find companies with top management, quality products and sound financial positions, or a history of consistent growth in cash flows, sales, operating profits, returns on equity and returns on invested capital. Risk controls are in place to assist in maintaining a portfolio that is diversified by security type and industry sector and invested across multiple countries. |
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Principal Investment Risks | ||||||||||||||||||||||||||||||||
You may lose money if you invest in the Fund. A Fund share is not a bank deposit and it is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Equity Securities Risk: The price of equity securities fluctuates from time to time based on changes in a company’s financial condition or overall market and economic conditions. As a result, the value of the Fund’s equity securities may fluctuate drastically from day to day. Exchange-Traded Fund Risk: ETFs, like mutual funds, have expenses associated with their operation, including advisory fees. When a Fund invests in an ETF, in addition to directly bearing expenses associated with its own operations, the Fund bears its pro rata portion of the ETF’s expenses. The impact of these additional expenses, if any, would be shown as part of “Acquired Fund Fees and Expenses” in the Annual Fund Operating Expenses table. Foreign Securities and Companies Risk: Foreign securities and dollar denominated securities of foreign issuers involve special risks such as economic or financial instability, lack of timely or reliable financial information and unfavorable political or legal developments. Foreign securities also involve risks such as currency fluctuations and delays in enforcement of rights. All of these risks are increased for investments in emerging markets. Large-Capitalization Companies Risk: Large-capitalization stocks can perform differently from other segments of the equity market or the equity market as a whole. Large-capitalization companies may be less flexible in evolving markets or unable to implement change as quickly as small-capitalization companies. Small-Capitalization Companies Risk: Small-capitalization stocks tend to perform differently from other segments of the equity market or the equity market as a whole, and can be more volatile than stocks of mid- or large-capitalization companies. Small-capitalization companies may be newer or less established, and may have limited resources, products and markets, and may be less liquid. |
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Performance | ||||||||||||||||||||||||||||||||
The bar chart and the performance table that follow illustrate the risks and volatility of an investment in the Fund. The Fund’s past performance (before and after taxes) does not indicate how the Fund will perform in the future. Updated performance information is available by contacting the RidgeWorth Funds at 1-888-784-3863 or by visiting www.ridgeworth.com. The annual returns in the bar chart which follows are for the I Shares without reflecting payment of any sales charge; if they did reflect such payment of sales charges, annual returns would be lower. The following table compares the Fund’s average annual total returns for the periods indicated with those of a broad measure of market performance. |
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This bar chart shows changes in the performance of the Fund’s I Shares from year to year. | ||||||||||||||||||||||||||||||||
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AVERAGE ANNUAL TOTAL RETURNS (for periods ended December 31, 2013) |
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After-tax returns are calculated using the historical highest individual U.S. federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-advantaged arrangements, such as 401(k) plans or individual retirement accounts (“IRAs”). After-tax returns are shown for only the I Shares. After-tax returns for other share classes will vary. |
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