Share Class & Share Value Information
RidgeWorth Funds offer multiple share classes to meet the needs of a range of investors.
Available share classes
I Shares are offered primarily to financial institutions and intermediaries for their own accounts or for the accounts of customers for whom they may act as fiduciary agent, investment adviser, or custodian. These accounts primarily consist of: assets of a bona fide trust, business entity possessing a tax identification number, or employee benefit plan and assets held within select fee-based programs and certain non-discretionary intermediary no-load platforms.
IS Shares are offered primarily to investors who do not require the Fund or an affiliate of the Fund to make or pay any type of servicing, administrative or participation payments with respect to the shares. This includes but is not limited to qualified retirement plans, bank and trust companies, insurance companies, registered investment companies, non-qualified deferred compensation plans and other institutional investors that meet a $2,500,000 minimum initial investment requirement and hold interests in the Fund through a single plan level account held directly through the Fund and not traded through an intermediary.
R Shares are designed to be sold only through various third-party intermediaries that offer employer-sponsored defined contribution retirement plans and other retirement plan platforms including brokers, dealers, banks, insurance companies, retirement plan recordkeepers and others.
A Shares and C Shares have different expenses and other characteristics, allowing you to choose the class that best suits your needs.
Sales charge information
I Shares have no sales charge.
IS Shares have no sales charge.
R Shares have no sales charge.
A Shares have a maximum front-end sales charge imposed on purchases (as a percentage of offering price) that varies by fund. This sales charge also varies depending upon how much you invest (see tables below). You may buy A Shares in amounts of $1,000,000 or more at net asset value (without an initial sales charge), but if you redeem those shares within two years of your purchase, you will pay a deferred sales charge of 0.75% if you own an equity fund or 0.50% if you own a fixed income fund.
Prior to September 1, 2011, shareholders paid a deferred sales charge of 1.00% on the redemption of these A Shares within one year of purchase. You will continue to pay the 1.00% deferred sales charge if you redeem within one year, any of the A Shares that were purchased prior to September 1, 2011.
C Shares have a 1% Contingent Deferred Sales Charge (CDSC) imposed if you sell within one year of your purchase.
Please see the prospectus for more information on share classes and how to purchase shares.
Sales charge tables
A Shares with a Maximum Sales Charge of 5.75%
- RidgeWorth Capital Innovations Global Resources and Infrastructure Fund
- RidgeWorth Ceredex Large Cap Value Equity Fund
- RidgeWorth Ceredex Mid-Cap Value Equity Fund
- RidgeWorth Ceredex Small Cap Value Equity Fund
- RidgeWorth Innovative Growth Stock Fund
- RidgeWorth International Equity Fund
- RidgeWorth Silvant Large Cap Growth Stock Fund
- RidgeWorth Silvant Small Cap Growth Stock Fund
- RidgeWorth Growth Allocation Strategy Fund
- RidgeWorth Moderate Allocation Strategy Fund
|$1,000,000 and Over*|
A Shares with a Maximum Sales Charge of 4.75%****
- RidgeWorth Seix Core Bond Fund**
- RidgeWorth Seix Corporate Bond Fund
- RidgeWorth Seix High Income Fund
- RidgeWorth Seix High Yield Fund
- RidgeWorth Seix Total Return Bond Fund
- RidgeWorth Seix Georgia Tax-Exempt Bond Fund
- RidgeWorth Seix High Grade Municipal Bond Fund
- RidgeWorth Seix Investment Grade Tax-Exempt Bond Fund
- RidgeWorth Seix North Carolina Tax-Exempt Bond Fund
- RidgeWorth Seix Virginia Intermediate Municipal Bond Fund
- RidgeWorth Conservative Allocation Strategy Fund
|$1,000,000 and Over*|
A Shares with a Maximum Sales Charge of 2.50%****
|$1,000,000 and Over*|
*While investments over $1,000,000 are not subject to a front-end sales charge, RidgeWorth Distributors LLC may pay dealer commissions ranging from 0.25% to 0.75%. Please see the RidgeWorth Funds' Statement of Additional information (SAI) for more information.
**Effective October 1, 2011, the Investment Grade Bond Fund was renamed the Core Bond Fund.
***Effective April 9, 2012, the Maryland Municipal Bond was renamed the Short-Term Municipal Bond Fund.
****Effective August 1, 2015, all RidgeWorth fixed income funds were renamed the RidgeWorth Seix fixed income funds.
Share value information
POP (Public Offering Price) – The price at which a new securities offering is made available to the public.
NAV (Net Asset Value) – The dollar value of a single mutual fund share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.
Rights of accumulation
You may take into account your accumulated holdings in all share classes of RidgeWorth Funds to determine the initial sales charge you pay on each purchase of A Shares. In calculating the appropriate sales charge rate, this right allows you to add the market value (at the close of business on the day of the current purchase) of your existing holdings in any class of shares to the amount of A Shares you are currently purchasing. The Funds may amend or terminate this right at any time.
The Funds will combine the value of your current purchases with the current market value of any shares previously purchased for:
- your individual account(s),
- your spouse’s/domestic partner’s account(s),
- joint account(s) with your spouse/domestic partner, and
- your minor children’s trust or custodial accounts.
A fiduciary purchasing shares for the same fiduciary account, trust or estate may also use this right of accumulation. To be entitled to a reduced sales charge based on shares already owned, you must let the Funds know at the time you make the purchase for which you are seeking the reduction that you qualify for such a reduction. You may be required to provide the Funds with your account number(s), account name(s), and copies of the account statements, and if applicable, the account number(s), account name(s), and copies of the account statements, for your spouse/domestic partner and/or children (and provide the children’s ages). A financial institution may require documentation or other information in order to verify your eligibility for a reduced sales charge. The Funds may amend or terminate this right of accumulation at any time.
Letter of intent
A Letter of Intent allows you to purchase shares over a 13-month period and receive the same sales charge as if you had purchased all the shares at the same time. Reinvested dividends or capital gain distributions do not apply toward these combined purchases. To be entitled to a reduced sales charge based on shares you intend to purchase over the 13-month period, you must send the Funds a Letter of Intent. In calculating the total amount of purchases, you may include in your Letter purchases made up to 90 days before the date of the Letter. The 13-month period begins on the date of the first purchase, including those purchases made in the 90-day period before the date of the Letter. Please note that the purchase price of these prior purchases will not be adjusted.
If you do not complete the total intended purchase at the end of the 13-month period, the Funds’ transfer agent will redeem the necessary portion of the escrowed shares to make up the difference between the reduced rate sales charge (based on the amount you intended to purchase) and the sales charge that would normally apply (based on the actual amount you purchased).
You are not legally bound by the terms of your Letter of Intent to purchase the amount of shares stated in the Letter. The Letter does, however, authorize the Funds to hold in escrow the following amounts for the following Funds, of the total amount you intend to purchase:
5.75% for the following Funds: RidgeWorth Innovative Growth Stock Fund, RidgeWorth Capital Innovations Global Resources and Infrastructure Fund, RidgeWorth Growth Allocation Strategy, RidgeWorth International Equity Fund, RidgeWorth Silvant Large Cap Growth Stock Fund, RidgeWorth Ceredex Large Cap Value Equity Fund, RidgeWorth Ceredex Mid-Cap Value Equity Fund, RidgeWorth Moderate Allocation Strategy, RidgeWorth Silvant Small Cap Growth Stock Fund, and RidgeWorth Ceredex Small Cap Value Equity Fund;
4.75% for the following Funds: RidgeWorth Conservative Allocation Strategy, RidgeWorth Seix Core Bond Fund, RidgeWorth Seix Corporate Bond Fund, RidgeWorth Seix Georgia Tax-Exempt Bond Fund, RidgeWorth Seix High Grade Municipal Bond Fund, RidgeWorth Seix High Income Fund, RidgeWorth Seix High Yield Fund, RidgeWorth Seix Investment Grade Tax-Exempt Bond Fund, RidgeWorth Seix North Carolina Tax-Exempt Bond Fund, RidgeWorth Seix Total Return Bond Fund and RidgeWorth Seix Virginia Intermediate Municipal Bond Fund; and
2.50% for the following Funds: RidgeWorth Seix Floating Rate High Income Fund, RidgeWorth Seix Short-Term Bond Fund, RidgeWorth Seix Short-Term Municipal Bond Fund and RidgeWorth Seix U.S. Mortgage Fund.