This bar chart shows the changes in performance of the
Fund’s I Shares from year to year.*
Best
Quarter |
Worst
Quarter |
24.79%
|
-24.11%
|
(9/30/2009)
|
(9/30/2011)
|
* The performance information shown
above is based on a calendar year. The Fund's total return for the six months ended June 30, 2016 was 4.83%.
The following table compares the Fund’s average annual
total returns for the periods indicated with those of a broad measure of market performance.
AVERAGE ANNUAL TOTAL RETURNS
(for periods ended December 31, 2015)
|
1
Year |
5
Years |
10
Years |
A
Shares Return Before Taxes |
(11.68)%
|
7.51%
|
8.33%
|
C
Shares Return Before Taxes |
(7.47)%
|
8.25%
|
8.33%
|
IS
Shares Return Before Taxes* |
(5.63)%
|
9.19%
|
9.34%
|
I
Shares Return Before Taxes |
(6.00)%
|
9.09%
|
9.29%
|
I
Shares Return After Taxes on Distributions |
(7.70)%
|
6.28%
|
6.50%
|
I
Shares Return After Taxes on Distributions and Sale of Fund Shares |
(2.41)%
|
6.23%
|
6.48%
|
Russell
Midcap Value Index (reflects no deduction for fees, expenses or taxes) |
(4.78)%
|
11.25%
|
7.61%
|
*IS Shares were offered beginning on
August 1, 2014. The performance shown prior to such date is based on performance of the Fund’s I Shares, and has not been adjusted to reflect the expenses of the IS Shares. If it had been adjusted, performance would have been higher.
Frank Russell Company is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company.
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.
In some cases, average annual return after taxes on
distributions and sale of fund shares is higher than the average annual return after taxes on distributions because of realized losses that would have been sustained upon the sale of fund shares immediately after the relevant periods. The
calculations assume that an investor holds the shares in a taxable account, is in the actual historical highest individual federal marginal income tax bracket for each year and would have been able to immediately utilize the full realized loss to
reduce his or her federal tax liability. However, actual individual tax results may vary and investors should consult their tax advisers regarding their personal tax situations.
Investment Adviser and Subadviser
RidgeWorth Investments is the Fund’s investment adviser
(the “Adviser”). Ceredex Value Advisors LLC is the Fund’s Subadviser.
Portfolio Management
Mr. Don Wordell, CFA, Managing Director of Ceredex, has managed
the Fund since its inception.
Purchasing and Selling Your
Shares
You may purchase or redeem Fund shares on any
business day. You may purchase and redeem A, C, I and IS Shares of the Fund through financial institutions or intermediaries that are authorized to place transactions in Fund shares for their customers or for their own accounts.
The minimum initial investment amounts for each share class are
shown below, although these minimums may be reduced, waived, or not applicable in some cases.
Class
|
Dollar
Amount |
A
Shares |
$2,000
|
C
Shares |
$5,000
($2,000 for IRAs or other tax-advantaged accounts) |
I
Shares |
None
|
IS
Shares |
$2,500,000
(No minimum for certain investors. Please see the section entitled “Who can buy shares?”) |
Subsequent investments in A or C Shares must be made in
amounts of at least $1,000. The Fund may accept investments of smaller amounts for either class of shares at its discretion. There are no minimums for subsequent investments in I or IS Shares.
Tax Information
The Fund’s distributions are generally taxable as
ordinary income, qualified dividend income, or capital gains unless you are investing through a tax-advantaged arrangement, such as a 401(k) plan or an IRA, which may be taxed upon withdrawal.