Who can buy shares?
A Shares may be purchased by
all eligible investors that meet the requirements of the “Where can I buy Fund shares?” section, above.
I Shares are offered to
financial institutions and intermediaries for their own accounts or for the accounts of customers for whom they act as fiduciary, agent, investment adviser, or custodian. Financial intermediaries include brokers, dealers, banks (including bank trust
departments), trust companies, registered investment advisers, financial planners, retirement plan administrators, insurance companies, and any other institution having a service, administration, or any similar arrangement with the Fund or its
service providers. These accounts primarily consist of:
• |
assets of a bona fide trust,
|
• |
assets of a business entity
possessing a tax identification number, |
• |
assets of an employee benefit
plan, |
• |
assets held within select
fee-based programs, or |
• |
assets held within certain
non-discretionary intermediary no-load platforms. |
Employee benefit plans generally include profit sharing, 401(k)
and 403(b) plans. Employee benefit plans generally do not include IRAs; SIMPLE, SEP, SARSEP plans; plans covering self-employed individuals and their employees; or health savings accounts unless you, as a customer of a financial institution or
intermediary, meet the Fund’s established criteria as described above.
As a result, you, as a customer of a financial institution or
intermediary, may, under certain circumstances that meet the Fund’s established criteria, be able to purchase I Shares through accounts made with select financial institutions or intermediaries. I Shares will be held of record by (in the name
of) your financial institution or intermediary. Depending upon the terms of your account, you may have, or be given, the right to vote your I Shares. Financial institutions or intermediaries may impose eligibility requirements for each of their
clients or customers investing in the Fund, including investment minimum requirements, which may differ from those imposed by the Fund. Please contact your financial institution or intermediary for complete details for purchasing I Shares.
I Shares may also be purchased directly from the Fund by
officers, directors or trustees, and employees and their immediate families (strictly limited to current spouses/domestic partners and dependent children) of RidgeWorth Funds, the Adviser and Subadvisers to the RidgeWorth Funds.
Validation of current employment/service will be required upon
establishment of the account. The Fund, in its sole discretion, may determine if an applicant qualifies for this program.
The defining feature of IS
Shares is that they do not pay, nor will they pay, any type of servicing, administrative, or revenue sharing payments, nor will the Adviser or any of its affiliates make any such payments. IS Shares are offered to the following investors
(provided that they do not require nor receive any
such payments with respect to IS Shares) without a minimum initial
investment:
• |
qualified retirement plans,
including, but not limited to, 401(k) plans, 457 plans, employer sponsored 403(b) plans, defined benefit plans and other accounts or plans whereby IS Shares are held on the books of the Fund through plan level or omnibus accounts |
• |
bank and trust companies;
|
• |
insurance companies;
|
• |
registered investment
companies; and |
•
|
non-qualified
deferred compensation plans. |
Other
institutional investors not included in the list above may be permitted to purchase IS Shares subject to management’s determination of eligibility and may be subject to a $2,500,000 minimum initial investment requirement. The minimum initial
investment amount may be waived subject to management’s discretion, and/or purchased by or through:
• |
certain registered open-end
investment companies whose shares are distributed by the Distributor; |
• |
accounts held by, or for the
benefit of, an affiliate of the Fund; or |
•
|
investments made
in connection with certain reorganizations as approved by the Adviser. |
If your account is subject to the minimum investment
requirement, and the value of your account falls below the minimum initial investment requirements for IS Shares as a result of share redemptions or you no longer meet one of the waiver criteria set forth above, your account may be subject to
involuntary conversion or involuntary redemption, as applicable. You will be notified prior to any such conversions or redemptions.
Foreign Investors
To purchase A Shares and IS Shares of the Fund, you must
be a U.S. citizen, a U.S. resident alien, or a U.S. entity, with a U.S. tax identification number, and reside in the U.S. or its territories (which includes U.S. military APO or FPO addresses). If you owned shares on
July 31, 2006, you may keep your account open even if you do not reside in the U.S. or its territories, but you may not make additional purchases or exchanges.
The Fund does not generally accept investments in I Shares by
non-U.S. citizens or entities. Investors in I Shares generally must reside in the U.S. or its territories (which includes U.S. military APO or FPO addresses) and have a U.S. tax identification number.
When can I purchase shares?
The Fund is open for business on days when the New York Stock
Exchange (the “NYSE”) is open for regular trading (a “Business Day”). The RidgeWorth Funds reserve the right to open one or more Funds on days that the principal bond markets (as recommended by the Securities Industry and
Financial Markets Association) are open, even if the NYSE is closed. The Fund calculates its net asset value per share (“NAV”) once each