0001193125-17-078605.txt : 20170310 0001193125-17-078605.hdr.sgml : 20170310 20170310144356 ACCESSION NUMBER: 0001193125-17-078605 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20170310 DATE AS OF CHANGE: 20170310 EFFECTIVENESS DATE: 20170310 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RidgeWorth Funds CENTRAL INDEX KEY: 0000883939 IRS NUMBER: 232678674 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-45671 FILM NUMBER: 17681620 BUSINESS ADDRESS: STREET 1: 3333 PIEDMONT ROAD STREET 2: SUITE 1500 CITY: ATLANTA STATE: 2Q ZIP: 30305 BUSINESS PHONE: 888-784-3863 MAIL ADDRESS: STREET 1: 3333 PIEDMONT ROAD STREET 2: SUITE 1500 CITY: ATLANTA STATE: 2Q ZIP: 30305 FORMER COMPANY: FORMER CONFORMED NAME: RIDGEWORTH INVESTMENTS VARIABLE TRUST DATE OF NAME CHANGE: 20080414 FORMER COMPANY: FORMER CONFORMED NAME: RIDGEWORTH DATE OF NAME CHANGE: 20080414 FORMER COMPANY: FORMER CONFORMED NAME: STI CLASSIC FUNDS DATE OF NAME CHANGE: 19920929 0000883939 S000004658 RidgeWorth Silvant Large Cap Growth Stock Fund C000012678 A Shares STCIX C000012679 C Shares STCFX C000012680 I Shares STCAX C000144729 IS STCZX 0000883939 S000004661 RidgeWorth International Equity Fund C000012689 A Shares SCIIX C000012691 I Shares STITX C000162351 IS Shares SCIZX C000182393 T Shares 0000883939 S000004664 RidgeWorth Ceredex Mid-Cap Value Equity Fund C000012698 A Shares SAMVX C000012699 C Shares SMVFX C000012700 I Shares SMVTX C000144730 IS SMVZX 0000883939 S000004665 RidgeWorth Silvant Small Cap Growth Stock Fund C000012701 A Shares SCGIX C000012702 C Shares SSCFX C000012703 I Shares SSCTX C000144731 IS SCGZX 0000883939 S000004666 RidgeWorth Ceredex Small Cap Value Equity Fund C000012704 A Shares SASVX C000012705 C Shares STCEX C000012706 I Shares SCETX 0000883939 S000004669 RidgeWorth Ceredex Large Cap Value Equity Fund C000012713 A Shares SVIIX C000012714 C Shares SVIFX C000012715 I Shares STVTX C000144732 IS STVZX 0000883939 S000004673 RidgeWorth Innovative Growth Stock Fund C000012728 A Shares SAGAX C000012730 I Shares SCATX 0000883939 S000004675 RidgeWorth Seix U.S. Government Securities Ultra-Short Bond Fund C000012734 I Shares SIGVX C000173897 IS Shares SIGZX 0000883939 S000004677 RidgeWorth Seix Ultra-Short Bond Fund C000012736 I Shares SISSX 0000883939 S000004679 RidgeWorth Seix High Grade Municipal Bond Fund C000012738 A Shares SFLTX C000012740 I Shares SCFTX 0000883939 S000004680 RidgeWorth Seix Georgia Tax-Exempt Bond Fund C000012741 A Shares SGTEX C000012743 I Shares SGATX 0000883939 S000004681 RidgeWorth Seix High Income Fund C000012744 A Shares SAHIX C000012745 R Shares STHIX C000012746 I Shares STHTX C000144733 IS STHZX 0000883939 S000004692 RidgeWorth Seix Core Bond Fund C000012757 A Shares STGIX C000012758 R Shares SCIGX C000012759 I Shares STIGX C000159015 IS STGZX 0000883939 S000004693 RidgeWorth Seix Investment Grade Tax-Exempt Bond Fund C000012760 A Shares SISIX C000012762 I Shares STTBX 0000883939 S000004694 RidgeWorth Seix U.S. Mortgage Fund C000012763 A Shares SLTMX C000012764 C Shares SCLFX C000012765 I Shares SLMTX 0000883939 S000004695 RidgeWorth Seix Short-Term Municipal Bond Fund C000012766 A Shares SMMAX C000012768 I Shares CMDTX 0000883939 S000004696 RidgeWorth Seix North Carolina Tax-Exempt Bond Fund C000012769 A Shares SNCIX C000012771 I Shares CNCFX 0000883939 S000004697 RidgeWorth Seix Short-Term Bond Fund C000012772 A Shares STSBX C000012773 C Shares SCBSX C000012774 I SHares SSBTX 0000883939 S000004699 RidgeWorth Seix Corporate Bond Fund C000012778 A Shares SAINX C000012779 C Shares STIFX C000012780 I Shares STICX 0000883939 S000004701 RidgeWorth Seix Virginia Intermediate Municipal Bond Fund C000012784 A Shares CVIAX C000012786 I Shares CRVTX 0000883939 S000004723 RidgeWorth Seix Total Return Bond Fund C000012868 A Shares CBPSX C000012869 R Shares SCBLX C000012870 I Shares SAMFX C000144734 IS SAMZX 0000883939 S000004725 RidgeWorth Seix Limited Duration Fund C000012874 I Shares SAMLX 0000883939 S000004736 RidgeWorth Conservative Allocation Strategy C000012895 A Shares SVCAX C000012897 I Shares SCCTX C000012898 C Shares SCCLX 0000883939 S000004737 RidgeWorth Growth Allocation Strategy C000012899 A Shares SGIAX C000012901 I Shares CLVGX C000012902 C Shares SGILX 0000883939 S000004738 RidgeWorth Moderate Allocation Strategy C000012903 A Shares SVMAX C000012905 I Shares CLVBX C000012906 C Shares SVGLX 0000883939 S000004750 RidgeWorth Seix High Yield Fund C000012926 A Shares HYPSX C000012927 R Shares HYLSX C000012928 I Shares SAMHX C000173898 IS Shares HYIZX 0000883939 S000011297 RidgeWorth Seix Floating Rate High Income Fund C000031119 A Shares SFRAX C000031120 C Shares SFRCX C000031121 I Shares SAMBX C000154350 IS Shares SFRZX 497 1 d353544d497.htm RIDGEWORTH FUNDS Ridgeworth Funds

THIS SUPPLEMENT SUPERSEDES THE SUPPLEMENT DATED MARCH 9, 2017

RIDGEWORTH FUNDS

Supplement dated March 10, 2017 to the

Prospectus, Summary Prospectus and Statement of Additional Information

each dated August 1, 2016, as may be supplemented or revised

 

RidgeWorth Ceredex Large Cap Value Equity Fund   RidgeWorth Seix Ultra-Short Bond Fund
RidgeWorth Ceredex Mid-Cap Value Equity Fund   RidgeWorth Seix Floating Rate High Income Fund
RidgeWorth Ceredex Small Cap Value Equity Fund   RidgeWorth Seix High Income Fund
RidgeWorth Silvant Large Cap Growth Stock Fund   RidgeWorth Seix High Yield Fund
RidgeWorth Silvant Small Cap Growth Stock Fund   RidgeWorth Seix Georgia Tax-Exempt Bond Fund
RidgeWorth Innovative Growth Stock Fund   RidgeWorth Seix High Grade Municipal Bond Fund
RidgeWorth International Equity Fund   RidgeWorth Seix Investment Grade Tax-Exempt Bond Fund
RidgeWorth Seix Core Bond Fund   RidgeWorth Seix North Carolina Tax-Exempt Bond Fund
RidgeWorth Seix Corporate Bond Fund   RidgeWorth Seix Short-Term Municipal Bond Fund
RidgeWorth Seix Total Return Bond Fund   RidgeWorth Seix Virginia Intermediate Municipal Bond Fund
RidgeWorth Seix U.S. Mortgage Fund   RidgeWorth Conservative Allocation Strategy
RidgeWorth Seix Limited Duration Fund   RidgeWorth Growth Allocation Strategy
RidgeWorth Seix Short-Term Bond Fund   RidgeWorth Moderate Allocation Strategy
RidgeWorth Seix U.S. Government Securities Ultra-Short Bond Fund  

(collectively, the “Funds”)

The information in this supplement updates information in, and should be read in conjunction with, the Prospectus, Summary Prospectus and SAI.

On December 14, 2016, the Board of Trustees (the “Board”) of RidgeWorth Funds approved an Agreement and Plan of Reorganization (the “Plan of Reorganization”) relating to the proposed reorganizations (the “Reorganizations”) of the Funds, each a series of RidgeWorth Funds, into newly created series of Virtus Asset Trust. Each Reorganization is subject to the completion of certain conditions, including approval by shareholders of the respective Fund.

Under the Plan of Reorganization, the Funds would reorganize into the following series of Virtus Asset Trust (the “Acquiring Funds”):

 

RidgeWorth Funds

  

Virtus Asset Trust

RidgeWorth Ceredex Large Cap Value Equity Fund    Virtus Ceredex Large-Cap Value Equity Fund
RidgeWorth Ceredex Mid-Cap Value Equity Fund    Virtus Ceredex Mid-Cap Value Equity Fund
RidgeWorth Ceredex Small Cap Value Equity Fund    Virtus Ceredex Small-Cap Value Equity Fund
RidgeWorth Silvant Large Cap Growth Stock Fund    Virtus Silvant Large-Cap Growth Stock Fund
RidgeWorth Silvant Small Cap Growth Stock Fund    Virtus Silvant Small-Cap Growth Stock Fund
RidgeWorth Innovative Growth Stock Fund    Virtus Zevenbergen Innovative Growth Stock Fund
RidgeWorth International Equity Fund    Virtus WCM International Equity Fund
RidgeWorth Seix Core Bond Fund    Virtus Seix Core Bond Fund
RidgeWorth Seix Corporate Bond Fund    Virtus Seix Corporate Bond Fund
RidgeWorth Seix Total Return Bond Fund    Virtus Seix Total Return Bond Fund
RidgeWorth Seix U.S. Mortgage Fund    Virtus Seix U.S. Mortgage Fund
RidgeWorth Seix Limited Duration Fund    Virtus Seix Limited Duration Fund
RidgeWorth Seix Short-Term Bond Fund    Virtus Seix Short-Term Bond Fund
RidgeWorth Seix U.S. Government Securities Ultra-Short Bond Fund   

Virtus Seix U.S. Government Securities Ultra-Short

Bond Fund

RidgeWorth Seix Ultra-Short Bond Fund    Virtus Seix Ultra-Short Bond Fund
RidgeWorth Seix Floating Rate High Income Fund    Virtus Seix Floating Rate High Income Fund
RidgeWorth Seix High Income Fund    Virtus Seix High Income Fund


RidgeWorth Funds

  

Virtus Asset Trust

RidgeWorth Seix High Yield Fund    Virtus Seix High Yield Fund
RidgeWorth Seix Georgia Tax-Exempt Bond Fund    Virtus Seix Georgia Tax-Exempt Bond Fund
RidgeWorth Seix High Grade Municipal Bond Fund    Virtus Seix High Grade Municipal Bond Fund

RidgeWorth Seix Investment Grade Tax-Exempt

Bond Fund

  

Virtus Seix Investment Grade Tax-Exempt

Bond Fund

RidgeWorth Seix North Carolina Tax-Exempt Bond Fund    Virtus Seix North Carolina Tax-Exempt Bond Fund
RidgeWorth Seix Short-Term Municipal Bond Fund    Virtus Seix Short-Term Municipal Bond Fund

RidgeWorth Seix Virginia Intermediate Municipal

Bond Fund

  

Virtus Seix Virginia Intermediate Municipal

Bond Fund

RidgeWorth Conservative Allocation Strategy    Virtus Conservative Allocation Strategy Fund
RidgeWorth Growth Allocation Strategy    Virtus Growth Allocation Strategy Fund
RidgeWorth Moderate Allocation Strategy    Virtus Growth Allocation Strategy Fund

RidgeWorth Capital Management LLC (“RidgeWorth”), investment adviser to RidgeWorth Funds, believes the Reorganizations will benefit the Funds and their shareholders by offering them, among other things:

 

    the continued ability to benefit from the expertise of the same portfolio managers currently managing the Funds, other than RidgeWorth Conservative Allocation Strategy, RidgeWorth Growth Allocation Strategy and RidgeWorth Moderate Allocation Strategy, which are expected to be managed by different portfolio managers;

 

    opportunities for increased asset growth and improved economies of scale, over the long term;

 

    anticipated net total operating expenses for all classes of shares that, on a net basis under a contractual expense limitation agreement with RidgeWorth, are expected to be equal to or lower than current operating expenses for a two-year period from the date of the Reorganizations, although some Acquiring Funds may experience higher net total operating expenses after the two-year period unless the expense limitation agreement is continued; and

 

    the ability to spread certain fixed costs (e.g., insurance costs, trustee compensation and certain legal expenses) over a larger combined asset base of Virtus Mutual Funds, which has the potential to result in a reduction in the per share expenses paid by shareholders of the Acquiring Funds over the longer term, provided variable costs decrease or stay the same as a Fund’s assets increase.

Proxy materials describing the Reorganizations and the Board’s considerations in approving the proposal were mailed to shareholders of record of the Funds in anticipation of a special meeting of shareholders scheduled for May 9, 2017. As a result of the Reorganizations, shareholders of a Fund would become shareholders of the respective Acquiring Fund and would receive shares of the respective Acquiring Fund equal in aggregate net asset value to the shares of the Fund they held immediately prior to the Reorganization. If the Reorganizations are approved by shareholders and consummated, a Fund shareholder who does not wish to become a shareholder of the respective Acquiring Fund may redeem shares of the Fund at any time prior to the Reorganization.

Each Reorganization may be terminated at any time before the closing date of the Reorganization by action of either the Board or the Board of Trustees of the Virtus Asset Trust.

The foregoing is not an offer to sell, nor a solicitation of an offer to buy, shares of the Fund or Acquiring Fund, nor is it a solicitation of any proxy. For more information regarding the Reorganizations, please call (855) 928-4486. You can also view the Proxy Statement/Prospectus on the U.S. Securities and Exchange Commission’s website at www.sec.gov.

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.

RFSP – 178

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