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Fixed Income (Tax-Exempt)

RidgeWorth
Seix Investment Grade Tax-Exempt Bond

SISIX, STTBX

The RidgeWorth Seix Investment Grade Tax-Exempt Bond Fund invests primarily in investment grade municipal securities with a goal of maximizing total return through current income that is exempt from federal income taxes and capital appreciation consistent with capital preservation. The subadviser anticipates that the Fund’s average weighted maturity will range from 4-10 years.

Quality
Duration
High
Med
Low
Short
Int
Long
34
Years
Average Investment Experience
(as of 03/31/17)
AAA-
BBB
Credit Quality Range*

Prices ($)

As of 05/23/17
12.36
POP
11.76
POP

Morningstar Rating™#

as of 04/30/17
4
^I Shares received a 4-star rating for overall performance, 3 stars for 3-year performance among 256 funds and 3 stars for 5-year performance among 222 funds and 4 stars for 10-year performance among 148 funds.

Peer Group Categories

MORNINGSTAR®
Muni National Interm
LIPPER
Intermediate Municipal Debt

Fund Basics

CUSIP 76628T835 76628T843
TICKER SISIX STTBX
SHARE CLASS INCEPTION 06/09/1992 10/21/1993

Performance inception and share class inception for this fund differs as performance inception includes the performance of other classes of the Fund and/or predecessors of the Fund.

Seix Investment Grade Tax-Exempt Bond Fund Fact Sheet
Seix Investment Grade Tax-Exempt Bond Fund Commentary
Seix Municipal Bond Funds PM Perspectives
Seix Investment Grade Tax-Exempt Bond Fund Summary Prospectus 8/1/16
Fixed Income Funds A, C, R, I & IS Shares Statutory Prospectus 8/1/16
Fixed Income Funds Annual Report 3/31/16
Fixed Income Funds Semi-Annual Report 9/30/16
SAI 2017

Fund Manager

Portrait - Ron Schwartz
Ronald Schwartz, CFA
Senior Portfolio Manager, Managing Director – Seix Investment Advisors
Show more...

Fund Performance

Expenses (%)

As of 05/23/17
Gross Expense Ratio 0.94 0.69
Net Expense Ratio 0.81 0.66
Max Sales Charge 4.75 n/a

Past performance is not indicative of future results. Performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains. The investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. For performance data current to the most recent month end, visit our website at www.ridgeworth.com.

Performance numbers of one year or longer have been annualized.

This fund has a contractual fee waiver in place until at least August 1, 2017. Investment performance may reflect voluntary fee waivers which may be discontinued at any time. Without these fee waivers performance would have been lower. For information regarding historical prices, please call 1-888-784-3863.

Monthly Performance (%)

As of 04/30/17

Monthly Performance (%)

As of 04/30/17
YTD (%)
As of 05/23/17
MTD (%) 3 Month (%) 1 Year (%) 3 Years (%) 5 Years (%) 10 Years (%) Since Inception (%)
A Nav 2.10 0.54 1.11 -0.52 2.26 2.35 4.06 5.17
A Pop -2.75 -4.23 -3.69 -5.22 0.61 1.36 3.56 4.97
I Nav 2.24 0.55 1.15 -0.29 2.41 2.53 4.30 5.04

Quarterly Performance (%)

As of 03/31/17

Quarterly Performance (%)

As of 03/31/17
YTD (%) MTD (%) 3 Month (%) 1 Year (%) 3 Years (%) 5 Years (%) 10 Years (%) Since Inception (%)
A Nav 0.86 0.11 0.86 -0.48 2.47 2.47 4.03 5.17
A Pop -3.93 -4.63 -3.93 -5.20 0.81 1.48 3.53 4.96
I Nav 0.99 0.12 0.99 -0.24 2.63 2.64 4.27 5.04

Holdings

As of 04/30/17
SECURITY SHARES TRADED MARKET VALUE % OF PORTFOLIO
FEFEDERATED GOV OBL TX MGD IS FEDERATED GOVERNMENT OB FUND 64,116,658 $ 64,116,658.00 11.14
KANSAS ST DEV FIN AUTH HOSP RE KSSMED 11/38 FIXED OID 5.75 26,090,000 $ 28,548,461.00 4.96
CALIFORNIA ST CAS 04/33 FIXED 6.5 24,500,000 $ 27,044,080.00 4.7
MATANUSKA SUSITNA BORO AK LEAS MATREV 09/23 FIXED OID 5.5 18,000,000 $ 19,806,480.00 3.44
CALIFORNIA ST CAS 08/26 FIXED 5 12,825,000 $ 15,713,447.00 2.73
MICHIGAN ST FIN AUTH REVENUE MISFIN 07/21 FIXED 5 14,000,000 $ 14,669,200.00 2.55
NEW YORK CITY NY MUNI WTR FIN NYCUTL 06/40 FIXED OID 5.75 11,800,000 $ 12,439,324.00 2.16
UNIV OF CALIFORNIA CA REVENUES UNVHGR 05/28 FIXED 5.75 10,000,000 $ 10,955,300.00 1.9
MATANUSKA SUSITNA BORO AK LEAS MATREV 09/28 FIXED OID 6 9,850,000 $ 10,951,920.00 1.9
WASHINGTON ST WAS 08/24 FIXED 5 8,880,000 $ 10,186,870.00 1.77
TEXAS ST PUBLIC FIN AUTH TXSGEN 07/17 FIXED 4 10,000,000 $ 10,027,200.00 1.74
BIRMINGHAM AL SPL CARE FACS FI BIRMED 06/39 FIXED OID 6 9,000,000 $ 9,908,010.00 1.72
DIST OF COLUMBIA INCOME TAX SE DISGEN 12/30 FIXED 5.5 8,000,000 $ 8,881,280.00 1.54
AUSTIN TX WTR WSTWTR SYS REV AUSUTL 05/31 ADJUSTABLE VAR 8,315,000 $ 8,315,000.00 1.45
MATANUSKA SUSITNA BORO AK LEAS MATREV 09/32 FIXED OID 6 7,250,000 $ 8,061,058.00 1.4
NEW YORK CITY NY TRANSITIONAL NYCFAC 07/38 FIXED OID 6 7,500,000 $ 7,944,750.00 1.38
HAWAII ST HIS 11/29 FIXED 5 6,690,000 $ 7,820,543.00 1.36
PENNSYLVANIA ST ECON DEV FING PASDEV 07/21 FIXED 5 7,500,000 $ 7,718,250.00 1.34
NEW HOPE CULTURAL EDU FACS FIN NHPHSG 07/35 FIXED 5 7,100,000 $ 7,544,744.00 1.31
CHICAGO IL O HARE INTERNATIONA CHITRN 01/33 FIXED 5 6,580,000 $ 7,413,489.00 1.29
UNIV OF PITTSBURGH PA OF THE C PITHGR 09/23 FIXED 5.5 6,750,000 $ 7,311,465.00 1.27
UTILITY DEBT SECURITIZATION AU UTLUTL 12/34 FIXED 5 5,955,000 $ 7,061,915.00 1.23
MARYLAND ST MDS 08/25 FIXED 5 5,920,000 $ 6,927,288.00 1.2
MATANUSKA SUSITNA BORO AK LEAS MATREV 09/28 FIXED OID 6 5,650,000 $ 6,282,066.00 1.09
OREGON ST ORS 08/32 FIXED 5 5,190,000 $ 6,226,184.00 1.08
MONTGOMERY CNTY MD MON 11/27 FIXED 5 5,000,000 $ 6,022,200.00 1.05
NEW YORK ST ENVRNMNTL FACS COR NYSENV 06/32 FIXED 5 5,000,000 $ 6,018,100.00 1.05
GEORGIA ST GAS 01/26 FIXED 5 5,000,000 $ 5,877,050.00 1.02
CALIFORNIA ST HLTH FACS FING A CASMED 10/38 FIXED OID 6.5 5,400,000 $ 5,830,380.00 1.01
CHICAGO IL O HARE INTERNATIONA CHITRN 01/35 FIXED 5.25 5,000,000 $ 5,801,700.00 1.01
MASSACHUSETTS ST SCH BLDG AUTH MASEDU 08/36 FIXED 5 5,000,000 $ 5,709,750.00 0.99
MASSACHUSETTS ST DEV FIN AGY R MASDEV 07/24 FIXED 5 4,675,000 $ 5,698,778.00 0.99
ERIE CNTY NY INDL DEV AGY SCH ERIEDU 05/29 FIXED 5.75 5,340,000 $ 5,601,607.00 0.97
UNIV OF CALIFORNIA CA REVENUES UNVHGR 05/29 FIXED 5.75 5,095,000 $ 5,581,725.00 0.97
GEISINGER PA AUTH HLTH SYS REV GEIMED 02/47 FIXED 4 5,500,000 $ 5,512,980.00 0.96
OREGON ST ORS 08/33 FIXED 5 4,475,000 $ 5,337,556.00 0.93
MOUNT PLEASANT SC WTR SWR RE MOUUTL 06/44 FIXED 4 5,000,000 $ 5,188,550.00 0.9
PENNSYLVANIA ST TURNPIKE COMMI PASTRN 12/38 INT APROID VAR 4,000,000 $ 4,800,720.00 0.83
OREGON ST ORS 08/42 FIXED 5 4,000,000 $ 4,651,080.00 0.81
ORLANDO FL CONTRACT TOURIST DE ORNFAC 11/34 FIXED 5.25 3,785,000 $ 4,638,442.00 0.81
CLACKAMAS CNTY OR SCH DIST 12 CLASCD 06/32 FIXED 5 3,500,000 $ 4,174,975.00 0.73
KATY TX INDEP SCH DIST KATSCD 02/47 FIXED 4 4,000,000 $ 4,126,560.00 0.72
LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/24 FIXED 5 3,465,000 $ 4,084,126.00 0.71
MASSACHUSETTS ST CLG BLDG AUTH MASHGR 05/34 FIXED 5 3,545,000 $ 4,011,664.00 0.7
CALIFORNIA ST INFRASTRUCTURE CASDEV 04/38 FLOATING VAR 3,825,000 $ 3,825,727.00 0.66
CALIFORNIA ST HLTH FACS FING A CASMED 10/24 FIXED OID 6.25 3,500,000 $ 3,765,545.00 0.65
NEW YORK CITY NY MUNI WTR FIN NYCUTL 06/40 FIXED OID 5.75 3,530,000 $ 3,723,868.00 0.65
OREGON ST ORS 05/31 FIXED 5 3,010,000 $ 3,622,385.00 0.63
NEW YORK ST ENVRNMNTL FACS COR NYSENV 06/31 FIXED 5 2,725,000 $ 3,306,815.00 0.57
UNIV OF CALIFORNIA CA REVENUES UNVHGR 05/27 FIXED 5.75 3,000,000 $ 3,286,590.00 0.57
OREGON ST ORS 05/30 FIXED 5 2,660,000 $ 3,222,883.00 0.56
MIAMI DADE CNTY FL MIA 07/25 FIXED OID 6.125 3,000,000 $ 3,182,010.00 0.55
ENERGY N W WA ELEC REVENUE ENEPWR 07/24 FIXED 5 3,035,000 $ 3,170,209.00 0.55
LOS ANGELES CA DEPT OF WTR P LOSUTL 07/34 FIXED 5 2,645,000 $ 3,074,839.00 0.53
LOS ANGELES CA WSTWTR SYS REVE LOSUTL 06/34 FIXED 5.75 2,775,000 $ 3,044,397.00 0.53
OREGON ST ORS 05/32 FIXED 5 2,500,000 $ 2,989,225.00 0.52
LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/26 FIXED 5 2,500,000 $ 2,974,375.00 0.52
NEW YORK ST DORM AUTH SALES TA NYSHGR 03/28 FIXED 5 2,500,000 $ 2,965,300.00 0.52
SALT LAKE CITY UT ARPT REVENUE SALAPT 07/34 FIXED 5 2,500,000 $ 2,864,675.00 0.5
CHICAGO IL O HARE INTERNATIONA CHITRN 01/27 FIXED OID 4 2,730,000 $ 2,845,752.00 0.49
NEW JERSEY ST HLTH CARE FACS F NJSMED 07/35 FIXED 5 2,500,000 $ 2,839,225.00 0.49
SAN FRANCISCO CALIF CITY CNTY SFOAPT 05/24 FIXED 5.75 2,710,000 $ 2,837,695.00 0.49
MET WTR DIST OF STHRN CA METWTR 07/28 FIXED 5 2,250,000 $ 2,735,100.00 0.48
UNIV OF PITTSBURGH PA OF THE C PITHGR 09/24 FIXED 5.5 2,500,000 $ 2,707,950.00 0.47
SALT LAKE CITY UT ARPT REVENUE SALAPT 07/31 FIXED 5 2,250,000 $ 2,624,805.00 0.46
SALT LAKE CITY UT ARPT REVENUE SALAPT 07/32 FIXED 5 2,250,000 $ 2,609,865.00 0.45
VIRGINIA ST RESOURCES AUTH INF VASGEN 11/31 FIXED 5 2,150,000 $ 2,568,218.00 0.45
LOS ANGELES CA WSTWTR SYS REVE LOSUTL 06/34 FIXED 5.75 2,225,000 $ 2,433,861.00 0.42
SAN FRANCISCO CALIF CITY CNTY SFOAPT 05/24 FIXED 5.75 2,290,000 $ 2,400,126.00 0.42
WASHINGTON CLACKAMAS YAMHILL WASSCD 06/31 FIXED 5 2,000,000 $ 2,397,420.00 0.42
OREGON ST ORS 05/34 FIXED 5 2,000,000 $ 2,366,400.00 0.41
PHILADELPHIA PA GAS WKS REVENU PHIUTL 10/26 FIXED 5 2,000,000 $ 2,347,760.00 0.41
UNIV OF CALIFORNIA CA REVENUES UNVHGR 05/34 FIXED 5 2,000,000 $ 2,325,180.00 0.4
KATY TX INDEP SCH DIST KATSCD 02/38 FIXED 5 2,000,000 $ 2,317,320.00 0.4
JEFFERSON LA SALES TAX DIST SP JEFGEN 12/33 FIXED 5 2,000,000 $ 2,313,400.00 0.4
LOS ANGELES CA DEPT OF WTR P LOSUTL 07/36 FIXED 5 2,000,000 $ 2,308,400.00 0.4
GEISINGER PA AUTH HLTH SYS REV GEIMED 02/34 FIXED 5 2,000,000 $ 2,287,180.00 0.4
CALIFORNIA ST INFRASTRUCTURE CASDEV 11/35 FIXED 5 2,000,000 $ 2,279,260.00 0.4
GEISINGER PA AUTH HLTH SYS REV GEIMED 02/39 FIXED 5 2,000,000 $ 2,256,860.00 0.39
CHICAGO IL O HARE INTERNATIONA CHITRN 01/33 FIXED 5 2,000,000 $ 2,186,220.00 0.38
UNIV OF ILLINOIS IL UNVHGR 04/38 FIXED 5.75 2,000,000 $ 2,177,460.00 0.38
MIAMI DADE CNTY FL MIA 07/23 FIXED OID 6 2,000,000 $ 2,118,440.00 0.37
OREGON ST ORS 08/31 FIXED 5 1,750,000 $ 2,113,283.00 0.37
OREGON ST ORS 06/33 FIXED 5 1,745,000 $ 2,077,039.00 0.36
NORTH CAROLINA ST MED CARE COM NCSMED 10/31 FIXED 5 1,650,000 $ 1,939,872.00 0.34
NORTH CAROLINA ST MED CARE COM NCSMED 10/33 FIXED 5 1,535,000 $ 1,783,087.00 0.31
JEFFERSON LA SALES TAX DIST SP JEFGEN 12/31 FIXED 5 1,500,000 $ 1,755,600.00 0.31
CHICAGO IL O HARE INTERNATIONA CHITRN 01/33 FIXED 5 1,550,000 $ 1,748,555.00 0.3
UNIV OF CALIFORNIA CA REVENUES UNVHGR 05/35 FIXED 5 1,500,000 $ 1,736,145.00 0.3
MET SAINT LOUIS MO SWR DIST WS METUTL 05/35 FIXED 5 1,500,000 $ 1,729,455.00 0.3
JEFFERSON LA SALES TAX DIST SP JEFGEN 12/35 FIXED 5 1,500,000 $ 1,716,225.00 0.3
LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/25 FIXED 5 1,425,000 $ 1,685,861.00 0.29
GEISINGER PA AUTH HLTH SYS REV GEIMED 02/45 FIXED 5 1,500,000 $ 1,683,375.00 0.29
LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/32 FIXED 5 1,250,000 $ 1,432,138.00 0.25
LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/33 FIXED 5 1,255,000 $ 1,429,106.00 0.25
OREGON ST ORS 08/35 FIXED 5 1,035,000 $ 1,222,376.00 0.21
PORT OF PORTLAND OR ARPT REVEN PTPAPT 07/30 FIXED 5 1,000,000 $ 1,168,670.00 0.2
NEW JERSEY ST HLTH CARE FACS F NJSMED 07/31 FIXED 5 1,000,000 $ 1,161,830.00 0.2
PORT OF PORTLAND OR ARPT REVEN PTPAPT 07/33 FIXED 5 1,000,000 $ 1,149,610.00 0.2
NEW JERSEY ST HLTH CARE FACS F NJSMED 07/33 FIXED 5 1,000,000 $ 1,149,600.00 0.2
MOUNT PLEASANT SC WTR SWR RE MOUUTL 06/46 FIXED 4 1,105,000 $ 1,144,780.00 0.2
PORT OF PORTLAND OR ARPT REVEN PTPAPT 07/34 FIXED 5 1,000,000 $ 1,141,560.00 0.2
PORT OF PORTLAND OR ARPT REVEN PTPAPT 07/35 FIXED 5 1,000,000 $ 1,135,340.00 0.2
LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/34 FIXED 5 1,000,000 $ 1,132,850.00 0.2
CHICAGO IL O HARE INTERNATIONA CHITRN 01/34 FIXED 5 1,000,000 $ 1,124,080.00 0.2
ENERGY N W WA ELEC REVENUE ENEPWR 07/24 FIXED 5 965,000 $ 1,011,127.00 0.18
PORT OF PORTLAND OR ARPT REVEN PTPAPT 07/26 FIXED 5 750,000 $ 894,053.00 0.16
NEW JERSEY ST HLTH CARE FACS F NJSMED 07/32 FIXED 5 750,000 $ 866,423.00 0.15
SAN JOSE CA ARPT REVENUE SJSAPT 03/36 FIXED 5 750,000 $ 861,810.00 0.15
LOS ANGELES CA DEPT OF ARPTS A LOSAPT 05/30 FIXED 5 740,000 $ 856,661.00 0.15
SAN JOSE CA ARPT REVENUE SJSAPT 03/35 FIXED 5 500,000 $ 575,905.00 0.1
HAWAII ST HIS 11/29 FIXED 5 60,000 $ 70,795.00 0.01
Holdings subject to change.

Holdings include all trades that were made prior to month end. The cash listed (money market fund) may include amounts that will be used to settle trades that had not reached their settlement date as of the end of the month.

Portfolio holdings are subject to change daily without notice and may not represent current or past portfolio composition. The holdings presented above include those directly held by the Fund and exclude cash, cash equivalents, collateral held on behalf of the RidgeWorth Funds’ securities lending program, as well as certain other assets and liabilities. Unlike the fund's regulatory filings, the portfolio data and its presentation in this document are not required to conform to Generally Accepted Accounting Principles (GAAP) and Securities and Exchange Commission (SEC) presentation requirements. Therefore, the information provided may differ from a fund's holdings disclosed in its annual/semi-annual report and Form N-Q due to the exclusions noted above.

For information related to the Fund's collateral investments and other items mentioned above, please refer to the most recent Form N-Q or the annual/semi-annual report in the above 'Related Resources' scrolling section of the page. Forms N-Q are available on the SEC’s website at www.sec.gov.
 
 

Investment performance may reflect voluntary fee waivers which may be discontinued at any time. Without these fee waivers performance would have been lower. For information regarding historical prices, please call 1-888-784-3863.

Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return. Generally, a fund’s fixed income securities will decrease in value if interest rates rise and vice versa. A fund’s income may be subject to certain state and local taxes and, depending on your tax status, the federal alternative minimum tax. The net asset value (NAV) per share of a fund will fluctuate as the value of the securities in the portfolio changes. Read our description of share classes and share values [NAV and POP].

Credit Ratings noted herein are calculated based on S&P, Moody’s and Fitch ratings. Generally, ratings range from AAA, the highest quality rating, to D, the lowest, with BBB and above being called investment grade securities. BB and below are considered below investment grade securities. If the ratings from all three agencies are available, securities will be assigned the median rating based on the numerical equivalents. If the ratings are available from only two of the agencies, the more conservative of the ratings will be assigned to the security. If the rating is available from only one agency, then that rating will be used. Ratings do not apply to a fund or to a fund’s shares. Ratings are subject to change.

#For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and is rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating™ metrics. Morningstar Rating™ is for the share class selected only; other classes may have different performance characteristics.

© 2017 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

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