RIDGEWORTH FUNDS

(collectively, the “Funds”)

Supplement dated April 6, 2017 to the

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

The information in this supplement updates information in, and should be read in conjunction with, the Prospectuses.

The following information regarding intermediary-specific sales charge variations is added to each Prospectus as an appendix and may affect information in the “Fees and Expenses of the Fund” and “Purchasing, Selling and Exchanging Fund Shares” sections of each Prospectus:

Appendix A - Intermediary Sales Charge Discounts and Waivers

Specific intermediaries may have different policies and procedures regarding the availability of front-end sales charge waivers or CDSC waivers, which are discussed below. In all instances, it is the purchaser’s responsibility to notify the Funds or the purchaser’s financial intermediary at the time of purchase of any relationship or other facts qualifying the purchaser for sales charge waivers or discounts. For waivers and discounts not available through a particular intermediary, shareholders will have to purchase Fund shares directly from the Funds or through another intermediary to receive such waivers or discounts. Please see the section entitled “Sales Charges” for more information on sales charges and waivers available for different classes.

The information in this Appendix is part of, and incorporated into, each Fund’s Prospectus.

MERRILL LYNCH

Effective April 10, 2017, shareholders purchasing Fund shares through a Merrill Lynch platform or account will be eligible only for the following sales charge waivers (front-end sales charge waivers and contingent deferred, or back-end, sales charge waivers) and discounts, which may differ from those disclosed elsewhere in a Fund’s Prospectus or SAI.

Front-end Sales Charge Waivers on A Shares available at Merrill Lynch

• Employer-sponsored retirement, deferred compensation and employee benefit plans (including health savings accounts) and trusts used to fund those plans, provided that the shares are not held in a commission- based brokerage account and shares are held for the benefit of the plan.

• Shares purchased by or through a 529 Plan.

• Shares purchased through a Merrill Lynch affiliated investment advisory program.

• Shares purchased by third party investment advisors on behalf of their advisory clients through Merrill Lynch’s platform.

• Shares of funds purchased through the Merrill Edge Self-Directed platform (if applicable).

• Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family).

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• Shares exchanged from C Shares (i.e., level-load) shares of the same fund in the month of or following the 10-year anniversary of the purchase date.

• Employees and registered representatives of Merrill Lynch or its affiliates and their family members.

• Trustees of the fund, and employees of the fund’s investment adviser or any of its affiliates, as described in this prospectus.

• Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within 90 days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales charge (known as Rights of Reinstatement).

CDSC Waivers on A and C Shares available at Merrill Lynch

• Death or disability of the shareholder.

• Shares sold as part of a systematic withdrawal plan as described in the Fund’s prospectus

• Return of excess contributions from an IRA Account.

• Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching age 70 ¹⁄₂.

• Shares sold to pay Merrill Lynch fees but only if the transaction is initiated by Merrill Lynch

• Shares acquired through a right of reinstatement.

• Shares held in retirement brokerage accounts, that are exchanged for a lower cost share class due to transfer to certain fee based accounts or platforms (applicable to A and C Shares only).

Front-end Sales Charge Discounts Available at Merrill Lynch:

Breakpoints, Rights of Accumulation & Letters of Intent

• Breakpoints as described in this prospectus.

• Rights of Accumulation (“ROA”) which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at Merrill Lynch. Eligible fund family assets not held at Merrill Lynch may be included in the ROA calculation only if the shareholder notifies his or her financial advisor about such assets.

• Letters of Intent (“LOI”) which allow for breakpoint discounts based on anticipated purchases within a fund family, through Merrill Lynch, over a 13-month period of time.

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.

RFSP – 180

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