0001193125-17-138143.txt : 20170426 0001193125-17-138143.hdr.sgml : 20170426 20170426092255 ACCESSION NUMBER: 0001193125-17-138143 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170426 DATE AS OF CHANGE: 20170426 EFFECTIVENESS DATE: 20170426 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: 17782760 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 S000052807 CAPITAL INNOVATIONS GLOBAL RESOURCES AND INFRASTRUCTURE FUND C000165915 CLASS A INNAX C000165916 CLASS C INNCX C000165917 CLASS I INNNX 497 1 d385030d497.htm RIDGEWORTH FUNDS Ridgeworth Funds

RIDGEWORTH FUNDS

Supplement dated April 26, 2017 to the

Summary Prospectus and Prospectus dated August 1, 2016 and the Statement of Additional Information dated

March 31, 2017, as each may be supplemented or revised

RidgeWorth Capital Innovations Global Resources and Infrastructure Fund

(the “Fund”)

The information in this supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and Statement of Additional Information.

On April 17, 2017, the Board of Trustees (the “Board”) of RidgeWorth Funds approved an Agreement and Plan of Reorganization (the “Plan of Reorganization”) relating to the proposed reorganization (the “Reorganization”) of the Fund, a series of RidgeWorth Funds, into a newly created series of Investment Managers Series Trust (“IMST”). The Reorganization is subject to the completion of certain conditions, including approval by shareholders of the Fund.

Under the Plan of Reorganization, the Fund would reorganize into a series of IMST (the “Acquiring Fund”) on or about June 30, 2017. Oak Ridge Investments, LLC (“Oak Ridge”) will replace RidgeWorth Capital Management LLC (“RidgeWorth”) as investment adviser. Capital Innovations, LLC will continue as subadviser to the Fund and provide day-to-day portfolio management. It is expected that the investment objective of the Fund and the Acquiring Fund will be the same and the investment strategies will be substantially similar.

RidgeWorth believes the Reorganization will benefit the Fund and its shareholders by offering them, among other things:

 

  •   The continued ability to benefit from the experience of the same portfolio managers currently managing the Fund; and

 

  •   Anticipated net total operating expenses for all classes of shares that, on a net basis under a contractual expense limitation agreement with Oak Ridge, are expected to be equal to or lower than current net operating expenses for a two-year period from the date of the Reorganization; and

 

  •   Opportunities for increased asset growth and improved economies of scale, over the long term.

Proxy materials describing the Reorganization and the Board’s considerations in approving the proposal will be mailed to shareholders of record of the Fund in anticipation of a Special Meeting of Shareholders scheduled for June 28, 2017. As a result of the Reorganization, shareholders of the Fund would become shareholders of the Acquiring Fund and would receive shares of the Acquiring Fund equal in aggregate net asset value to the shares of the Fund held immediately prior to the Reorganization. If the Reorganization is approved by shareholders and consummated, Fund shareholders who do not wish to become shareholders of the Acquiring Fund may redeem shares of the Fund prior to the Reorganization.

The Reorganization may be terminated before the closing date of the Reorganization by action of either the Board or the Board of Trustees of IMST.

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.

Shareholders of the Fund are urged to read the Combined Proxy Statement and Prospectus when it becomes available as it will contain information with respect to the investment objective, strategies, risks, policies, charges, and expenses of the Acquiring Fund, as well as other important information about the Reorganization. For more information, shareholders can call RidgeWorth Funds at 1-888-784-3863.

PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.

RFSP – 181