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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-06557
RidgeWorth Funds
(Exact name of registrant as specified in charter)
RidgeWorth Capital Management, Inc.
3333 Piedmont Road, Suite 1500
Atlanta, GA 30305
(Address of principal executive offices)(Zip code)
(Name and Address of Agent for Service) | Copy to: | |
Julia R. Short RidgeWorth Funds 3333 Piedmont Road, Suite 1500 Atlanta, GA 30305 | W. John McGuire, Esq. Thomas S. Harman, Esq. Bingham McCutchen LLP 2020 K Street, NW Washington, DC 20006 |
Registrant’s telephone number, including area code: 1-888-784-3863
Date of fiscal year end: March 31
Date of reporting period: September 30, 2014
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Item 1. Reports to Shareholders.
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Collective Strength. Individual Insight.®
2014 SEMI-ANNUAL REPORT
EQUITY FUNDS
SEPTEMBER 30, 2014
RidgeWorth Investments® is the trade name of RidgeWorth Capital Management LLC.
Collective Strength. Individual Insight.® is a federally registered service mark of RidgeWorth Investments.®
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RIDGEWORTH FUNDS September 30, 2014
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RIDGEWORTH FUNDS September 30, 2014
Dear Valued Client,
Let us first begin by thanking you, our valued RidgeWorth Funds’ shareholders, for your continued business and support. We focus our efforts on helping you achieve your investment goals, and we are grateful that you have placed your confidence in us. Our primary mission is to earn your trust by providing competitive investment performance and excellent client service. We sincerely hope we have met your expectations in both of these measures, and look forward to continuing to serve as your asset manager in the future.
In keeping with the theme of our last annual letter about good things coming in threes, we have three good things to discuss with you again in this mid-year letter. First, we are pleased to report the economy recovered nicely from its winter “chill” with no apparent adverse aftereffects, and the current bull market in the S&P 500 Index continued, although small cap and international stocks slipped somewhat. Second, we are pleased to report that RidgeWorth Funds (Funds) maintained their strong long-term investment performance record. Third, we are excited to announce our partnership with Lightyear Capital LLC (Lightyear), a financial services private equity firm, which partnered with management to acquire RidgeWorth Investments (RidgeWorth) from SunTrust Banks, Inc. was completed, making RidgeWorth an independent investment firm with significant equity ownership by employees. This update will discuss all three of these topics as well as what we anticipate for both the broad economy and the capital markets in 2014 and into 2015.
The markets had their fair share of worries, both old and new. Global equity markets, including the United States, have been under pressure due to geopolitical tensions in various parts of the world – from Ukraine to Iraq to Israel. U.S. equity markets felt the pressure of domestic events, including elections and monetary policy. Despite these numerous concerns, the capital markets embraced the positives related to the continued post-financial crisis healing and cyclical improvement. These positives included steady and improved job growth, lower unemployment, higher home prices, stronger consumer balance sheets, falling loan-delinquency rates, increased manufacturing output, rising domestic energy production, continued low inflation and an almost global commitment to maintaining accommodative monetary policies. In addition, companies enjoyed healthy free cash flows which were used for share buybacks, dividend payments, debt reduction and accretive bolt-on mergers and acquisitions. Taken together, this myriad of individual positives collectively reduced downside risks to the macro economy and bolstered consumer and investor confidence. All in, after falling at an annual rate of -2.1% in the first quarter of 2014, attributed largely to difficult winter weather, the economy rebounded 4.6% in the second quarter and was on pace to achieve above-trend growth again in the third quarter.
The result of all of these events was a 6.42% advance (including dividends) in the S&P 500 Index in the six months ending September 30, 2014. Health Care and Technology stocks led the broad advance, giving the performance edge to the Growth style. The Russell Midcap Index also added 3.22%, but the Russell 2000 Index lost -5.46% and the international MSCI EAFE Index slipped -2.03%.
On the fixed income side, the combination of geopolitical threats along with slowing international momentum helped send investors to the safety of the U.S. Treasury market, pushing down the yield on the 10-year Treasury note to 2.49% at the end of the third quarter, from 2.72% on March 31, and lifted the Barclays U.S. Aggregate Bond Index 2.21% during the six months ending September 30. High Yield bonds underperformed during the period with the Barclays U.S. Corporate High Yield Index rising just 0.49%, but the Barclays Municipal Bond Index jumped 4.12%.
In this economic and financial climate, RidgeWorth Funds continued to maintain its record of strong long-term performance as more than half of our Funds beat their Lipper Peer Group medians for the 1-, 3- and 5-year periods ending September 30, 2014. Moreover, 80% of our Funds finished in the first or second quartile for the 10-year period1.
We are very pleased with the continued success of our Funds and the dedicated investment professionals behind them. We want to do even more to meet our clients’ investment needs through expanded product lines, innovative solution development and placing an even greater focus on client and intermediary partner service. To that end, employees of RidgeWorth Investments in partnership with Lightyear, consummated an agreement to acquire RidgeWorth from SunTrust Banks, Inc. on May 30, 2014. We appreciate our long affiliation with SunTrust, and we are excited to partner with Lightyear as they bring deep industry experience.
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LETTER TO SHAREHOLDERS (concluded)
RIDGEWORTH FUNDS September 30, 2014
This transaction positions RidgeWorth to become a premier independent asset management company. Over the past several years, we have made significant enhancements to our operating platform in areas including risk management, compliance, portfolio accounting, technology infrastructure and client support functions, and we are confident it will be business as usual for our clients.
We anticipate continued, moderate growth in the U.S. economy for the remainder of 2014 and into 2015. Many of the economic and financial headwinds already mentioned may continue to dissipate, and cyclical forces such as job gains and production increases may continue to aid income growth, corporate profits and capital spending. We also believe inflation could remain relatively low, which would provide a favorable backdrop for the equity markets. With the Federal Reserve (Fed) ending quantitative easing, we believe it is unlikely they will raise short-term rates anytime soon. We expect to see near-term stability in both the EU and Japan as monetary authorities embrace more stimulative measures. Lastly, emerging markets continue to have structural problems, but we are modestly encouraged that some recent monetary and fiscal stabilization efforts are underway.
That said, there are always risks to any economic and financial forecast. Slowing EU and Chinese growth and geopolitical strains already mentioned are notable. The end of the massive securities purchases by the Fed, known as quantitative easing, raises the question of timing of any eventual rise in short-term rates as the Fed strives to unwind the extraordinary stimulus of recent years. Another significant potential drag on the economy continues to exist from the Affordable Care Act, as it becomes fully implemented. Many companies and employees will have higher premiums and deductibles which could, in turn, suppress disposable incomes. We will also closely monitor the housing market—both new home sales and refinancing activity—given its significant impact on the economy.
We continue to believe the markets will offer opportunities for investors, but they will be more selective and company-specific. Such an environment fits well with RidgeWorth’s bottom-up approach to security selection. We at RidgeWorth wish to thank you again for the trust and confidence you have placed in us, and we look forward to another good year together.
Sincerely,
Ashi Parikh
Chairman, CEO, CIO
RidgeWorth Investments ®
1 | For the period ended September 30, 2014, 58% (18/31), 55% (17/31), 55% (17/31) and 80% (24/30) of the RidgeWorth Funds (I Shares) beat their Lipper peer group medians for the 1-, 3-, 5- and 10-year periods, respectively. The Lipper rankings are as of September 30, 2014, for I Shares only, based on total returns and do not reflect a sales charge. ©2014 Lipper Leader, Reuters. All Rights Reserved. Lipper Ratings are according to Lipper, a Thomson Reuters Company. Past performance is not indicative of future results. |
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INDUSTRY ALLOCATIONS (As a Percentage of Total Investments)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Aggressive Growth Stock Fund | ||||
Information Technology | 33.9% | |||
Consumer Discretionary | 31.1% | |||
Health Care | 15.4% | |||
Financials | 10.8% | |||
Industrials | 5.9% | |||
Energy | 2.3% | |||
Money Market Fund | 0.6% | |||
International Equity Fund | ||||
Financials | 30.9% | |||
Industrials | 18.2% | |||
Consumer Discretionary | 16.7% | |||
Consumer Staples | 10.4% | |||
Health Care | 10.3% | |||
Information Technology | 7.6% | |||
Telecommunication Services | 4.8% | |||
Materials | 1.1% | |||
International Equity Index Fund | ||||
Financials | 24.3% | |||
Industrials | 12.3% | |||
Consumer Discretionary | 11.4% | |||
Health Care | 8.7% | |||
Consumer Staples | 8.3% | |||
Materials | 7.5% | |||
Energy | 6.9% | |||
Information Technology | 5.1% | |||
Telecommunication Services | 5.0% | |||
Utilities | 4.8% | |||
Exchange Traded Funds | 3.5% | |||
Short-Term Investment | 1.4% | |||
Money Market Fund | 0.8% | |||
Large Cap Growth Stock Fund | ||||
Information Technology | 31.0% | |||
Consumer Discretionary | 19.7% | |||
Health Care | 17.6% | |||
Industrials | 11.6% | |||
Consumer Staples | 6.7% | |||
Financials | 5.3% | |||
Energy | 5.0% | |||
Materials | 2.1% | |||
Short-Term Investment | 1.0% |
Large Cap Value Equity Fund | ||||
Financials | 26.7% | |||
Information Technology | 16.4% | |||
Health Care | 13.5% | |||
Industrials | 13.1% | |||
Energy | 10.1% | |||
Consumer Discretionary | 8.9% | |||
Consumer Staples | 3.1% | |||
Utilities | 3.1% | |||
Materials | 1.5% | |||
Telecommunication Services | 1.5% | |||
Money Market Fund | 2.1% | |||
Mid-Cap Value Equity Fund | ||||
Financials | 25.6% | |||
Industrials | 16.0% | |||
Health Care | 13.6% | |||
Information Technology | 12.5% | |||
Consumer Discretionary | 11.9% | |||
Energy | 6.8% | |||
Materials | 5.1% | |||
Utilities | 4.3% | |||
Consumer Staples | 1.1% | |||
Short-Term Investment | 2.4% | |||
Money Market Fund | 0.7% | |||
Select Large Cap Growth Stock Fund | ||||
Information Technology | 31.6% | |||
Health Care | 23.8% | |||
Consumer Discretionary | 17.9% | |||
Energy | 8.4% | |||
Financials | 6.8% | |||
Industrials | 6.1% | |||
Consumer Staples | 2.2% | |||
Materials | 1.7% | |||
Money Market Fund | 1.5% | |||
Small Cap Growth Stock Fund | ||||
Health Care | 21.1% | |||
Information Technology | 20.4% | |||
Industrials | 15.3% | |||
Consumer Discretionary | 14.7% | |||
Financials | 7.7% | |||
Energy | 4.2% | |||
Materials | 3.0% | |||
Consumer Staples | 2.4% | |||
Telecommunication Services | 0.8% | |||
Short-Term Investment | 9.9% | |||
Money Market Fund | 0.5% |
Portfolio composition is subject to change.
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INDUSTRY ALLOCATIONS (As a Percentage of Total Investments)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Small Cap Value Equity Fund | ||||
Financials | 27.2% | |||
Industrials | 23.9% | |||
Consumer Discretionary | 23.0% | |||
Information Technology | 6.1% | |||
Materials | 6.0% | |||
Energy | 5.8% | |||
Health Care | 5.2% | |||
Utilities | 1.2% | |||
Consumer Staples | 1.1% | |||
Money Market Fund | 0.5% | |||
Aggressive Growth Allocation Strategy | ||||
Fixed Income Funds | 11.2% | |||
Equity Funds | 70.9% | |||
Exchange Traded Funds | 17.9% |
Conservative Allocation Strategy | ||||
Fixed Income Funds | 52.5% | |||
Equity Funds | 28.3% | |||
Exchange Traded Funds | 18.3% | |||
Money Market Fund | 0.9% | |||
Growth Allocation Strategy | ||||
Fixed Income Funds | 19.3% | |||
Equity Funds | 62.0% | |||
Exchange Traded Funds | 17.8% | |||
Money Market Fund | 0.9% | |||
Moderate Allocation Strategy | ||||
Fixed Income Funds | 35.9% | |||
Equity Funds | 45.3% | |||
Exchange Traded Funds | 18.0% | |||
Money Market Fund | 0.8% |
Portfolio composition is subject to change.
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SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Aggressive Growth Stock Fund
Shares | Value($) | |||||||
Common Stocks 99.6% | ||||||||
Consumer Discretionary 31.2% | ||||||||
Alibaba Group Holding Ltd. SP ADR* | 7,900 | 701,915 | ||||||
Amazon.com, Inc.* | 7,600 | 2,450,544 | ||||||
Chipotle Mexican Grill, Inc.* | 1,600 | 1,066,544 | ||||||
HomeAway, Inc.* | 30,000 | 1,065,000 | ||||||
Lululemon Athletica, Inc.* | 20,400 | 857,004 | ||||||
Michael Kors Holdings Ltd.* | 12,250 | 874,527 | ||||||
Mobileye* | 2,300 | 123,257 | ||||||
Netflix, Inc.* | 6,150 | 2,774,757 | ||||||
Priceline Group Inc. (The)* | 1,700 | 1,969,586 | ||||||
Tesla Motors, Inc.* | 15,500 | 3,761,540 | ||||||
Vince Holding Corp.* | 19,400 | 587,044 | ||||||
Vipshop Holdings Ltd.* | 6,000 | 1,134,060 | ||||||
|
| |||||||
17,365,778 | ||||||||
|
| |||||||
Energy 2.3% | ||||||||
Pioneer Natural Resources Co. | 6,400 | 1,260,608 | ||||||
|
| |||||||
Financials 10.8% | ||||||||
Artisan Partners Asset Management, Inc. | 10,950 | 569,948 | ||||||
Charles Schwab Corp. (The) | 47,100 | 1,384,269 | ||||||
Financial Engines, Inc. | 31,700 | 1,084,615 | ||||||
First Republic Bank | 20,350 | 1,004,883 | ||||||
Portfolio Recovery Associates, Inc.* | 38,300 | 2,000,409 | ||||||
|
| |||||||
6,044,124 | ||||||||
|
| |||||||
Health Care 15.5% | ||||||||
Catamaran Corp.* | 36,450 | 1,536,368 | ||||||
Celgene Corp.* | 22,800 | 2,160,984 | ||||||
Fluidigm Corp.* | 11,100 | 271,950 | ||||||
Gilead Sciences, Inc.* | 17,650 | 1,878,842 | ||||||
IPC The Hospitalist Co.* | 7,600 | 340,404 | ||||||
Medidata Solutions, Inc.* | 25,450 | 1,127,181 | ||||||
Salix Pharmaceuticals Ltd.* | 8,400 | 1,312,416 | ||||||
|
| |||||||
8,628,145 | ||||||||
|
| |||||||
Industrials 5.9% | ||||||||
Precision Castparts Corp. | 5,700 | 1,350,216 | ||||||
XPO Logistics, Inc.* | 51,400 | 1,936,238 | ||||||
|
| |||||||
3,286,454 | ||||||||
|
|
Shares | Value($) | |||||||
Information Technology 33.9% | ||||||||
Alliance Data Systems Corp.* | 5,700 | 1,415,139 | ||||||
Facebook, Inc., Cl A* | 30,250 | 2,390,960 | ||||||
Google, Inc., Cl A* | 3,700 | 2,177,117 | ||||||
LinkedIn Corp., Cl A* | 12,400 | 2,576,596 | ||||||
MercadoLibre, Inc. | 10,600 | 1,151,690 | ||||||
Mitek Systems, Inc.* | 58,700 | 141,467 | ||||||
Palo Alto Networks, Inc.* | 8,600 | 843,660 | ||||||
Pandora Media, Inc.* | 51,000 | 1,232,160 | ||||||
Qihoo 360 Technology Co. Ltd. ADR* | 9,300 | 627,471 | ||||||
ServiceNow, Inc.* | 9,550 | 561,349 | ||||||
Splunk, Inc.* | 11,000 | 608,960 | ||||||
Twitter, Inc.* | 18,400 | 949,072 | ||||||
Workday, Inc., Cl A* | 3,200 | 264,000 | ||||||
Xoom Corp.* | 31,400 | 689,230 | ||||||
Yelp, Inc.* | 18,700 | 1,276,275 | ||||||
Zillow, Inc.* | 17,300 | 2,006,627 | ||||||
|
| |||||||
18,911,773 | ||||||||
|
| |||||||
Total Common Stocks |
| 55,496,882 | ||||||
|
| |||||||
Money Market Fund 0.6% | ||||||||
State Street Institutional Liquid Reserves Fund, Institutional Class, 0.09%(a) | 327,079 | 327,079 | ||||||
|
| |||||||
Total Money Market Fund |
| 327,079 | ||||||
|
| |||||||
Total Investments | 55,823,961 | |||||||
Liabilities in Excess of Other | (114,268 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 55,709,693 | ||||||
|
|
* | Non-income producing security. |
(a) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
Investment Abbreviations
ADR | — | American Depositary Receipt | ||
SP ADR | — | Sponsored American Depositary Receipt |
See Notes to Financial Statements.
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SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
International Equity Fund
Shares | Value($) | |||||||
Common Stocks 98.8% | ||||||||
Austria 1.1% | ||||||||
Voestalpine AG | 6,772 | 267,721 | ||||||
|
| |||||||
Belgium 3.0% | ||||||||
Anheuser-Busch InBev NV | 6,582 | 732,577 | ||||||
|
| |||||||
China 4.2% | ||||||||
Agricultural Bank of China Ltd., H Shares | 1,008,480 | 446,779 | ||||||
China CITIC Bank Corp. Ltd., H Shares | 483,000 | 292,978 | ||||||
Kaisa Group Holdings Ltd. | 699,000 | 267,362 | ||||||
|
| |||||||
1,007,119 | ||||||||
|
| |||||||
Denmark 3.0% | ||||||||
A.P. Moller—Maersk A/S, Cl B | 190 | 451,341 | ||||||
Danske Bank A/S | 10,439 | 283,755 | ||||||
|
| |||||||
735,096 | ||||||||
|
| |||||||
France 19.9% | ||||||||
AXA SA | 30,711 | 756,784 | ||||||
Cap Gemini SA | 5,903 | 423,712 | ||||||
CNP Assurances | 13,528 | 254,761 | ||||||
Credit Agricole SA | 40,386 | 609,309 | ||||||
Publicis Groupe SA | 5,439 | 373,507 | ||||||
Renault SA | 4,465 | 323,427 | ||||||
Sanofi-Aventis | 5,607 | 634,257 | ||||||
Societe Generale SA | 9,088 | 463,965 | ||||||
Valeo SA | 2,733 | 304,148 | ||||||
Vinci SA | 7,209 | 418,891 | ||||||
Vivendi SA* | 10,721 | 258,907 | ||||||
|
| |||||||
4,821,668 | ||||||||
|
| |||||||
Germany 11.7% | ||||||||
Allianz SE | 2,787 | 451,808 | ||||||
Continental AG | 1,775 | 337,745 | ||||||
Deutsche Lufthansa AG | 11,666 | 184,258 | ||||||
Deutsche Post AG | 16,171 | 518,585 | ||||||
Fresenius SE | 8,418 | 416,735 | ||||||
Infineon Technologies AG | 35,236 | 364,628 | ||||||
Siemens AG | 4,591 | 547,220 | ||||||
|
| |||||||
2,820,979 | ||||||||
|
| |||||||
Italy 0.5% | ||||||||
Unipol Gruppo Finanziario SpA | 23,558 | 114,021 | ||||||
|
| |||||||
Japan 24.5% | ||||||||
Aisin Seiki Co. Ltd. | 8,100 | 292,095 | ||||||
Canon, Inc. | 13,500 | 439,496 | ||||||
Heiwa Corp. | 12,900 | 255,118 | ||||||
Hino Motors Ltd. | 20,928 | 292,715 | ||||||
Marubeni Corp. | 45,550 | 311,821 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 107,050 | 605,356 | ||||||
Mitsui & Co. Ltd. | 22,708 | 358,090 |
Shares | Value($) | |||||||
Japan—continued | ||||||||
NHK Spring Co. Ltd. | 31,723 | 310,939 | ||||||
ORIX Corp. | 17,900 | 246,936 | ||||||
Resona Holdings, Inc. | 80,743 | 455,268 | ||||||
Ricoh Co. Ltd. | 32,900 | 353,373 | ||||||
Sekisui Chemical Co. Ltd. | 28,012 | 321,305 | ||||||
Sumitomo Corp. | 56,911 | 628,135 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 15,925 | 649,197 | ||||||
Toyota Motor Corp. | 7,049 | 415,388 | ||||||
|
| |||||||
5,935,232 | ||||||||
|
| |||||||
Netherlands 3.9% | ||||||||
Aegon NV | 50,227 | 414,385 | ||||||
Koninklijke Ahold NV | 32,066 | 519,223 | ||||||
|
| |||||||
933,608 | ||||||||
|
| |||||||
Norway 1.8% | ||||||||
Telenor ASA | 19,948 | 437,786 | ||||||
|
| |||||||
Singapore 1.3% | ||||||||
Yangzijiang Shipbuilding Holdings Ltd. | 333,000 | 308,019 | ||||||
|
| |||||||
South Korea 1.1% | ||||||||
SK Hynix, Inc.* | 5,961 | 264,086 | ||||||
|
| |||||||
Switzerland 8.1% | ||||||||
Roche Holding AG | 2,603 | 771,875 | ||||||
Swiss Life Holding AG* | 2,621 | 626,493 | ||||||
Swiss Re Ltd.* | 6,932 | 552,919 | ||||||
|
| |||||||
1,951,287 | ||||||||
|
| |||||||
United Kingdom 14.7% | ||||||||
AstraZeneca PLC | 9,428 | 678,848 | ||||||
Bodycote PLC | 35,755 | 387,491 | ||||||
British American Tobacco PLC | 13,222 | 746,361 | ||||||
BT Group PLC | 117,473 | 722,915 | ||||||
SABMiller PLC | 9,277 | 515,551 | ||||||
WPP PLC | 24,737 | 497,270 | ||||||
|
| |||||||
3,548,436 | ||||||||
|
| |||||||
Total Common Stocks |
| 23,877,635 | ||||||
|
| |||||||
Preferred Stock 1.5% | ||||||||
Germany 1.5% | ||||||||
Volkswagen AG, 1.78% | 1,822 | 378,330 | ||||||
|
| |||||||
Total Preferred Stock |
| 378,330 | ||||||
|
| |||||||
Total Investments | 24,255,965 | |||||||
Liabilities in Excess of Other | (81,806 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 24,174,159 | ||||||
|
|
* | Non-income producing security. |
See Notes to Financial Statements.
6
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
International Equity Index Fund
Shares | Value($) | |||||||
Common Stocks 95.1% | ||||||||
Australia 5.7% | ||||||||
AGL Energy Ltd. | 2,042 | 24,208 | ||||||
ALS Ltd. | 1,197 | 5,523 | ||||||
Alumina Ltd.* | 7,547 | 11,200 | ||||||
Amcor Ltd. | 3,633 | 36,039 | ||||||
AMP Ltd. | 9,269 | 44,310 | ||||||
APA Group | 2,511 | 16,357 | ||||||
Asciano Ltd. | 2,906 | 15,393 | ||||||
ASX Ltd. | 597 | 18,744 | ||||||
Aurizon Holdings Ltd. | 6,419 | 25,459 | ||||||
Australia & New Zealand Banking Group Ltd. | 8,262 | 223,669 | ||||||
Bank of Queensland Ltd. | 1,098 | 11,190 | ||||||
Bendigo and Adelaide Bank Ltd. | 1,287 | 13,432 | ||||||
BGP Holdings PLC*(a)(b) | 737,041 | — | ||||||
BHP Billiton Ltd. | 9,874 | 292,812 | ||||||
Boral Ltd. | 2,357 | 10,256 | ||||||
Brambles Ltd. | 4,719 | 39,334 | ||||||
Caltex Australia Ltd. | 409 | 10,023 | ||||||
CFS Retail Property Trust REIT | 6,343 | 11,079 | ||||||
Coca-Cola Amatil Ltd. | 1,730 | 13,299 | ||||||
Cochlear Ltd. | 172 | 10,468 | ||||||
Commonwealth Bank of Australia | 4,879 | 321,625 | ||||||
Computershare Ltd. | 1,419 | 15,108 | ||||||
Crown Ltd. | 1,118 | 13,508 | ||||||
CSL Ltd. | 1,451 | 94,227 | ||||||
Dexus Property Group REIT | 16,321 | 15,862 | ||||||
Federation Centres, REIT | 4,306 | 9,727 | ||||||
Flight Centre Travel Group Ltd. | 169 | 6,326 | ||||||
Fortescue Metals Group Ltd. | 4,813 | 14,665 | ||||||
Goodman Group | 5,229 | 23,670 | ||||||
GPT Group REIT | 5,034 | 17,057 | ||||||
Harvey Norman Holdings Ltd. | 1,585 | 5,038 | ||||||
Iluka Resources Ltd. | 1,245 | 8,568 | ||||||
Incitec Pivot Ltd. | 4,977 | 11,809 | ||||||
Insurance Australia Group Ltd. | 7,074 | 37,905 | ||||||
Leighton Holdings Ltd. | 305 | 5,154 | ||||||
Lend Lease Group | 1,635 | 20,528 | ||||||
Macquarie Group Ltd. | 862 | 43,465 | ||||||
Metcash Ltd. | 2,679 | 6,169 | ||||||
Mirvac Group REIT | 11,137 | 16,772 | ||||||
National Australia Bank Ltd. | 7,056 | 201,028 | ||||||
Newcrest Mining Ltd.* | 2,353 | 21,735 | ||||||
Orica Ltd. | 1,112 | 18,401 | ||||||
Origin Energy Ltd. | 3,385 | 44,367 | ||||||
Qantas Airways Ltd.* | 3,174 | 3,863 | ||||||
QBE Insurance Group Ltd. | 3,993 | 40,764 | ||||||
Ramsay Health Care Ltd. | 399 | 17,499 | ||||||
REA Group Ltd. | 157 | 5,949 | ||||||
Rio Tinto Ltd. | 1,329 | 69,328 | ||||||
Santos Ltd. | 2,946 | 35,260 |
Shares | Value($) | |||||||
Australia—continued | ||||||||
Scentre Group* | 15,877 | 45,596 | ||||||
Seek Ltd. | 973 | 13,809 | ||||||
Sonic Healthcare Ltd. | 1,150 | 17,661 | ||||||
Stockland REIT | 7,035 | 24,330 | ||||||
Suncorp Group Ltd. | 3,825 | 47,020 | ||||||
Sydney Airport | 3,218 | 12,031 | ||||||
TABCORP Holdings Ltd. | 2,319 | 7,330 | ||||||
Tatts Group Ltd. | 4,312 | 11,892 | ||||||
Telstra Corp. Ltd. | 12,998 | 60,316 | ||||||
Toll Holdings Ltd. | 2,062 | 10,182 | ||||||
TPG Telecom Ltd. | 827 | 4,953 | ||||||
Transurban Group | 5,382 | 36,378 | ||||||
Treasury Wine Estates Ltd. | 1,943 | 7,213 | ||||||
Wesfarmers Ltd. | 3,443 | 127,092 | ||||||
Westfield Corp., REIT | 5,878 | 38,341 | ||||||
Westpac Banking Corp. | 9,364 | 263,505 | ||||||
Woodside Petroleum Ltd. | 2,254 | 80,124 | ||||||
Woolworths Ltd. | 3,790 | 113,620 | ||||||
WorleyParsons Ltd. | 648 | 8,703 | ||||||
|
| |||||||
2,908,268 | ||||||||
|
| |||||||
Austria 1.4% | ||||||||
Andritz AG | 1,836 | 97,907 | ||||||
Erste Group Bank AG | 6,990 | 160,109 | ||||||
Immofinanz AG*(a)(b) | 23,584 | 66,933 | ||||||
OMV AG | 3,764 | 126,674 | ||||||
Raiffeisen Bank International AG | 2,791 | 60,703 | ||||||
Telekom Austria AG | 2,817 | 25,386 | ||||||
Vienna Insurance Group | 968 | 43,715 | ||||||
Voestalpine AG | 2,825 | 111,682 | ||||||
|
| |||||||
693,109 | ||||||||
|
| |||||||
Belgium 2.1% | ||||||||
Ageas | 1,440 | 47,807 | ||||||
Anheuser-Busch InBev NV | 5,247 | 583,991 | ||||||
Belgacom SA | 999 | 34,775 | ||||||
Colruyt SA | 461 | 20,313 | ||||||
Delhaize Group SA | 671 | 46,681 | ||||||
Groupe Bruxelles Lambert SA | 526 | 48,206 | ||||||
KBC Groep NV* | 1,623 | 86,435 | ||||||
Solvay SA | 384 | 59,123 | ||||||
Telenet Group Holding NV* | 341 | 19,597 | ||||||
UCB SA | 834 | 75,717 | ||||||
Umicore | 703 | 30,753 | ||||||
|
| |||||||
1,053,398 | ||||||||
|
| |||||||
Cayman Islands 0.1% | ||||||||
Sands China Ltd. | 3,757 | 19,596 | ||||||
Wynn Macau Ltd. | 2,432 | 7,736 | ||||||
|
| |||||||
27,332 | ||||||||
|
| |||||||
Denmark 1.4% | ||||||||
A.P. Moller—Maersk A/S, Cl A | 12 | 27,732 | ||||||
A.P. Moller—Maersk A/S, Cl B | 24 | 57,012 |
See Notes to Financial Statements.
7
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
International Equity Index Fund — continued
Shares | Value($) | |||||||
Denmark—continued | ||||||||
Carlsberg A/S, Cl B | 366 | 32,541 | ||||||
Coloplast A/S, Cl B | 396 | 33,193 | ||||||
Danske Bank A/S | 2,271 | 61,731 | ||||||
DSV A/S | 616 | 17,351 | ||||||
Novo Nordisk A/S, Cl B | 7,008 | 335,325 | ||||||
Novozymes A/S, Cl B | 826 | 35,837 | ||||||
Pandora A/S | 399 | 31,285 | ||||||
TDC A/S | 2,862 | 21,736 | ||||||
Tryg A/S | 75 | 7,788 | ||||||
Vestas Wind Systems A/S* | 759 | 29,672 | ||||||
William Demant Holding A/S* | 79 | 6,060 | ||||||
|
| |||||||
697,263 | ||||||||
|
| |||||||
Finland 1.0% | ||||||||
Elisa Oyj | 663 | 17,602 | ||||||
Fortum Oyj | 2,062 | 50,291 | ||||||
Kone Oyj, Cl B | 1,444 | 58,035 | ||||||
Metso Oyj | 525 | 18,699 | ||||||
Neste Oil Oyj | 587 | 12,085 | ||||||
Nokia Oyj | 17,232 | 147,022 | ||||||
Nokian Renkaat Oyj | 493 | 14,870 | ||||||
Orion Oyj, Cl B | 460 | 18,011 | ||||||
Sampo Oyj, Cl A | 2,072 | 100,494 | ||||||
Stora Enso Oyj | 2,511 | 20,948 | ||||||
UPM-Kymmene Oyj | 2,464 | 35,199 | ||||||
Wartsila Oyj | 695 | 31,101 | ||||||
|
| |||||||
524,357 | ||||||||
|
| |||||||
France 10.1% | ||||||||
Accor SA | 697 | 30,913 | ||||||
Aeroports de Paris | 123 | 14,723 | ||||||
Air Liquide SA | 1,410 | 171,982 | ||||||
Airbus Group NV | 2,422 | 152,405 | ||||||
Alcatel-Lucent* | 11,453 | 35,542 | ||||||
Alstom* | 892 | 30,509 | ||||||
Arkema SA | 233 | 15,633 | ||||||
Atos Origin SA | 324 | 23,477 | ||||||
AXA SA | 7,389 | 182,081 | ||||||
BNP Paribas | 4,366 | 289,620 | ||||||
Bollore SA | 22 | 12,499 | ||||||
Bouygues SA | 796 | 25,803 | ||||||
Bureau Veritas SA | 913 | 20,175 | ||||||
Cap Gemini SA | 589 | 42,278 | ||||||
Carrefour SA | 2,584 | 79,831 | ||||||
Casino Guichard-Perrachon SA | 235 | 25,310 | ||||||
Christian Dior SA | 220 | 36,873 | ||||||
CNP Assurances | 700 | 13,182 | ||||||
Compagnie de Saint—Gobain | 1,841 | 84,256 | ||||||
Compagnie Generale des Etablissements Michelin | 761 | 71,781 | ||||||
Credit Agricole SA | 4,074 | 61,465 | ||||||
Danone SA | 2,369 | 158,585 |
Shares | Value($) | |||||||
France—continued | ||||||||
Dassault Systemes SA | 523 | 33,597 | ||||||
Edenred | 840 | 20,726 | ||||||
Electricite de France | 1,000 | 32,801 | ||||||
Essilor International SA | 842 | 92,460 | ||||||
Eurazeo | 156 | 11,227 | ||||||
Eutelsat Communications | 628 | 20,278 | ||||||
Fonciere Des Regions | 116 | 10,454 | ||||||
France Telecom SA | 7,693 | 115,677 | ||||||
GDF SUEZ | 5,983 | 150,079 | ||||||
Gecina SA | 116 | 15,201 | ||||||
Groupe Eurotunnel SA | 1,929 | 23,565 | ||||||
ICADE REIT | 153 | 12,903 | ||||||
Iliad SA | 107 | 22,651 | ||||||
Imerys | 141 | 10,397 | ||||||
JCDecaux SA | 277 | 8,745 | ||||||
Klepierre | 411 | 17,998 | ||||||
L’Oreal SA | 1,041 | 165,275 | ||||||
Lafarge SA | 766 | 55,167 | ||||||
Lagardere SCA | 487 | 13,034 | ||||||
Legrand SA | 1,099 | 57,182 | ||||||
LVMH Moet Hennessy Louis Vuitton SA | 1,157 | 188,076 | ||||||
Natixis | 3,819 | 26,279 | ||||||
Pernod-Ricard SA | 875 | 99,067 | ||||||
Peugeot SA* | 1,567 | 20,099 | ||||||
PPR | 312 | 62,914 | ||||||
Publicis Groupe SA | 746 | 51,229 | ||||||
Remy Cointreau SA | 98 | 7,055 | ||||||
Renault SA | 769 | 55,703 | ||||||
Rexel SA | 1,113 | 20,770 | ||||||
Safran SA | 1,120 | 72,683 | ||||||
Sanofi-Aventis | 4,865 | 550,323 | ||||||
Schneider Electric SA | 2,150 | 165,106 | ||||||
Scor SE | 634 | 19,807 | ||||||
Societe BIC SA | 118 | 15,217 | ||||||
Societe Generale SA | 2,895 | 147,797 | ||||||
Sodexo | 388 | 37,970 | ||||||
Suez Environnement SA | 1,168 | 19,761 | ||||||
Technip SA | 425 | 35,756 | ||||||
Thales SA | 384 | 20,455 | ||||||
Total SA | 8,788 | 571,079 | ||||||
Unibail-Rodamco SE, REIT | 403 | 103,685 | ||||||
Valeo SA | 307 | 34,165 | ||||||
Vallourec SA | 445 | 20,465 | ||||||
Veolia Environnement SA | 1,730 | 30,547 | ||||||
Vinci SA | 1,980 | 115,051 | ||||||
Vivendi SA* | 5,056 | 122,100 | ||||||
Wendel SA | 129 | 14,625 | ||||||
Zodiac Aerospace | 768 | 24,498 | ||||||
|
| |||||||
5,120,622 | ||||||||
|
|
See Notes to Financial Statements.
8
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
International Equity Index Fund — continued
Shares | Value($) | |||||||
Germany 12.5% | ||||||||
Adidas AG | 1,247 | 93,320 | ||||||
Allianz SE | 2,750 | 445,810 | ||||||
Axel Springer AG | 240 | 13,214 | ||||||
BASF SE | 5,527 | 507,021 | ||||||
Bayer AG | 4,979 | 697,420 | ||||||
Bayerische Motoren Werke AG | 1,979 | 212,514 | ||||||
Beiersdorf AG | 605 | 50,541 | ||||||
Brenntag AG | 935 | 45,951 | ||||||
Celesio AG | 310 | 10,313 | ||||||
Commerzbank AG* | 5,786 | 86,527 | ||||||
Continental AG | 661 | 125,774 | ||||||
Daimler AG | 5,776 | 443,048 | ||||||
Deutsche Bank AG | 8,205 | 287,842 | ||||||
Deutsche Boerse AG | 1,169 | 78,742 | ||||||
Deutsche Lufthansa AG | 1,376 | 21,733 | ||||||
Deutsche Post AG | 5,841 | 187,314 | ||||||
Deutsche Telekom AG | 18,940 | 287,066 | ||||||
Deutsche Wohnen AG | 1,740 | 37,185 | ||||||
E.ON AG | 12,023 | 220,116 | ||||||
Fraport AG | 225 | 14,795 | ||||||
Fresenius Medical Care AG | 1,316 | 91,918 | ||||||
Fresenius SE | 2,299 | 113,813 | ||||||
GEA Group AG | 1,119 | 48,824 | ||||||
Hannover Rueckversicherung AG | 365 | 29,514 | ||||||
Heidelberg Cement AG | 849 | 56,104 | ||||||
Henkel AG & Co. KGaA | 702 | 65,604 | ||||||
Hochtief AG | 126 | 8,675 | ||||||
Hugo Boss AG | 203 | 25,373 | ||||||
Infineon Technologies AG | 6,855 | 70,937 | ||||||
K+S AG | 1,039 | 29,468 | ||||||
Kabel Deutschland Holding AG | 133 | 18,075 | ||||||
Lanxess AG | 559 | 30,858 | ||||||
Linde AG | 1,118 | 214,850 | ||||||
MAN SE | 215 | 24,196 | ||||||
Merck KGaA | 783 | 72,224 | ||||||
Metro AG* | 962 | 31,689 | ||||||
Muenchener Rueckversicherungs AG | 1,042 | 206,035 | ||||||
Osram Licht AG* | 540 | 20,117 | ||||||
ProSiebenSat.1 Media AG | 1,311 | 52,242 | ||||||
RWE AG | 2,930 | 114,186 | ||||||
SAP SE | 5,700 | 411,085 | ||||||
Siemens AG | 4,811 | 573,443 | ||||||
Sky Deutschland AG* | 2,674 | 22,727 | ||||||
Telefonica Deutschland Holding AG* | 1,686 | 8,816 | ||||||
ThyssenKrupp AG* | 2,736 | 71,792 | ||||||
United Internet AG | 697 | 29,663 | ||||||
Volkswagen AG | 178 | 36,938 | ||||||
|
| |||||||
6,345,412 | ||||||||
|
|
Shares | Value($) | |||||||
Guernsey 0.0%(c) | ||||||||
Resolution Ltd. | 2,600 | 12,986 | ||||||
|
| |||||||
Hong Kong 1.1% | ||||||||
AIA Group Ltd. | 18,042 | 93,290 | ||||||
ASM Pacific Technology Ltd. | 375 | 3,711 | ||||||
Bank of East Asia Ltd. | 1,953 | 7,935 | ||||||
BOC Hong Kong Holdings Ltd. | 5,641 | 17,980 | ||||||
Cathay Pacific Airways Ltd. | 1,821 | 3,358 | ||||||
Cheung Kong (Holdings) Ltd. | 2,083 | 34,284 | ||||||
Cheung Kong Infrastructure Holdings Ltd. | 934 | 6,562 | ||||||
CLP Holdings Ltd. | 2,880 | 23,107 | ||||||
First Pacific Co. Ltd. | 3,573 | 3,700 | ||||||
Galaxy Entertainment Group Ltd. | 3,580 | 20,793 | ||||||
Hang Lung Properties Ltd. | 3,396 | 9,644 | ||||||
Hang Seng Bank Ltd. | 1,172 | 18,837 | ||||||
Henderson Land Development Co. Ltd. | 1,509 | 9,775 | ||||||
HKT Trust / HKT Ltd. | 4,015 | 4,850 | ||||||
Hong Kong & China Gas Co. Ltd. (The) | 9,621 | 20,866 | ||||||
Hong Kong Electric Holdings Ltd. | 2,082 | 18,434 | ||||||
Hong Kong Exchanges & Clearing Ltd. | 1,651 | 35,572 | ||||||
Hutchison Whampoa Ltd. | 3,248 | 39,320 | ||||||
Hysan Development Co. Ltd. | 972 | 4,494 | ||||||
Kerry Properties Ltd. | 999 | 3,345 | ||||||
Li & Fung Ltd. | 8,940 | 10,155 | ||||||
Link REIT (The) | 3,566 | 20,574 | ||||||
MTR Corp. | 2,185 | 8,569 | ||||||
New World Development Co. Ltd. | 7,816 | 9,100 | ||||||
Noble Group Ltd. | 13,687 | 13,948 | ||||||
NWS Holdings Ltd. | 2,252 | 4,060 | ||||||
PCCW Ltd. | 6,137 | 3,865 | ||||||
Shangri-La Asia Ltd. | 2,141 | 3,171 | ||||||
Sino Land Co. Ltd. | 4,584 | 7,120 | ||||||
SJM Holdings Ltd. | 3,002 | 5,722 | ||||||
Sun Hung Kai Properties Ltd.* | 175 | 293 | ||||||
Sun Hung Kai Properties Ltd. | 2,488 | 35,278 | ||||||
Swire Pacific Ltd. | 961 | 12,401 | ||||||
Swire Properties Ltd. | 1,766 | 5,515 | ||||||
Techtronic Industries Co. | 2,126 | 6,160 | ||||||
Wharf Holdings Ltd. (The) | 2,280 | 16,223 | ||||||
Wheelock & Co. Ltd. | 1,349 | 6,454 | ||||||
Yue Yuen Industrial (Holdings) Ltd. | 1,111 | 3,391 | ||||||
|
| |||||||
551,856 | ||||||||
|
| |||||||
Ireland 0.9% | ||||||||
Bank of Ireland* | 26,277 | 10,322 | ||||||
Bank of Ireland* | 256,416 | 100,399 | ||||||
CRH PLC | 7,527 | 172,171 | ||||||
Experian PLC | 1,813 | 28,906 |
See Notes to Financial Statements.
9
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
International Equity Index Fund — continued
Shares | Value($) | |||||||
Ireland—continued | ||||||||
Irish Bank Resolution Corp. Ltd.*(a)(b)(d) | 8,839 | — | ||||||
Irish Bank Resolution Corp. Ltd.*(a)(b) | 131,459 | — | ||||||
James Hardie Industries SE | 1,332 | 13,960 | ||||||
Kerry Group PLC, Cl A | 1,626 | 114,639 | ||||||
Ryanair Holdings PLC* | 1,840 | 17,495 | ||||||
|
| |||||||
457,892 | ||||||||
|
| |||||||
Israel 1.3% | ||||||||
Bank Hapoalim BM | 9,450 | 53,293 | ||||||
Bank Leumi Le-Israel BM* | 11,770 | 47,681 | ||||||
Bezeq Israeli Telecommunication Corp. Ltd. | 16,847 | 29,097 | ||||||
Delek Group Ltd. | 41 | 15,530 | ||||||
Israel Chemicals Ltd. | 3,943 | 28,371 | ||||||
Israel Corp. Ltd. (The)* | 24 | 13,509 | ||||||
Mizrahi Tefahot Bank Ltd.* | 1,236 | 14,777 | ||||||
NICE-Systems Ltd. | 501 | 20,296 | ||||||
Teva Pharmaceutical Industries Ltd. | 7,974 | 430,208 | ||||||
|
| |||||||
652,762 | ||||||||
|
| |||||||
Italy 7.5% | ||||||||
Assicurazioni Generali SpA | 14,248 | 299,812 | ||||||
Atlantia SpA | 5,091 | 125,710 | ||||||
Banca Monte dei Paschi di Siena SpA* | 53,392 | 70,404 | ||||||
Banco Popolare* | 4,457 | 65,470 | ||||||
Enel Green Power SpA | 21,539 | 55,117 | ||||||
Enel SpA | 81,479 | 432,437 | ||||||
Eni SpA(d) | 31,401 | 748,404 | ||||||
Exor SpA | 1,215 | 47,174 | ||||||
Fiat SpA* | 10,599 | 102,277 | ||||||
Finmeccanica SpA* | 5,037 | 49,019 | ||||||
Intesa Sanpaolo SpA | 143,746 | 436,830 | ||||||
Intesa Sanpaolo SpA—RSP | 11,356 | 30,465 | ||||||
Luxottica Group SpA | 2,074 | 107,978 | ||||||
Mediobanca SpA* | 7,336 | 63,100 | ||||||
Pirelli & C SpA | 2,900 | 40,145 | ||||||
Prysmian SpA | 2,516 | 46,746 | ||||||
Saipem SpA* | 3,293 | 70,041 | ||||||
Snam Rete Gas SpA | 25,095 | 138,830 | ||||||
Telecom Italia SpA* | 125,156 | 143,456 | ||||||
Telecom Italia SpA | 75,548 | 67,129 | ||||||
Terna SpA | 18,578 | 93,437 | ||||||
UniCredit SpA | 53,567 | 423,538 | ||||||
Unione di Banche Italiane ScpA | 10,477 | 88,132 | ||||||
UnipolSai SpA | 11,230 | 31,772 | ||||||
|
| |||||||
3,777,423 | ||||||||
|
|
Shares | Value($) | |||||||
Japan 21.3% | ||||||||
ABC-Mart, Inc. | 103 | 5,259 | ||||||
Acom Co. Ltd.* | 1,608 | 5,381 | ||||||
ADVANTEST Corp. | 641 | 8,264 | ||||||
AEON Co. Ltd. | 2,573 | 25,619 | ||||||
AEON Credit Service Co. Ltd. | 455 | 9,737 | ||||||
AEON Mall Co. Ltd. | 468 | 8,931 | ||||||
Air Water, Inc. | 600 | 8,928 | ||||||
Aisin Seiki Co. Ltd. | 763 | 27,515 | ||||||
Ajinomoto Co., Inc. | 2,336 | 38,871 | ||||||
Alfresa Holdings Corp. | 664 | 9,572 | ||||||
All Nippon Airways Co. Ltd. | 4,612 | 10,727 | ||||||
Amada Co. Ltd. | 1,431 | 13,635 | ||||||
Aozora Bank Ltd. | 4,614 | 15,608 | ||||||
Asahi Breweries Ltd. | 1,542 | 44,612 | ||||||
Asahi Glass Co. Ltd. | 4,069 | 22,060 | ||||||
Asahi Kasei Corp. | 5,055 | 41,039 | ||||||
ASICS Corp. | 652 | 14,690 | ||||||
Astellas Pharma, Inc. | 8,629 | 128,481 | ||||||
Bank of Kyoto Ltd. (The) | 1,365 | 11,338 | ||||||
Bank of Yokohama Ltd. (The) | 4,668 | 25,673 | ||||||
Benesse Holdings, Inc. | 269 | 8,830 | ||||||
Bridgestone Corp. | 2,618 | 86,459 | ||||||
Brother Industries Ltd. | 925 | 17,113 | ||||||
Calbee, Inc. | 300 | 9,820 | ||||||
Canon, Inc. | 4,518 | 147,085 | ||||||
Casio Computer Co. Ltd. | 820 | 13,667 | ||||||
Central Japan Railway Co. | 584 | 78,887 | ||||||
Chiba Bank Ltd. (The) | 2,981 | 20,739 | ||||||
Chiyoda Corp. | 605 | 6,680 | ||||||
Chubu Electric Power Co., Inc.* | 2,588 | 29,709 | ||||||
Chugai Pharmaceutical Co. Ltd. | 906 | 26,228 | ||||||
Chugoku Bank Ltd. (The) | 651 | 9,562 | ||||||
Chugoku Electric Power Co., Inc. (The) | 1,191 | 15,268 | ||||||
Chuo Mitsui Trust Holdings, Inc. | 13,036 | 54,260 | ||||||
Citizen Holdings Co. Ltd. | 1,057 | 6,929 | ||||||
Credit Saison Co. Ltd. | 590 | 11,367 | ||||||
Dai Nippon Printing Co. Ltd. | 2,280 | 22,857 | ||||||
Dai-ichi Life Insurance Co. Ltd. (The) | 4,228 | 62,760 | ||||||
Daicel Corp. | 1,118 | 12,141 | ||||||
Daido Steel Co. Ltd. | 1,132 | 4,510 | ||||||
Daihatsu Motor Co. Ltd. | 767 | 12,176 | ||||||
Daiichi Sankyo Co. Ltd. | 2,568 | 40,297 | ||||||
Daikin Industries Ltd. | 938 | 58,140 | ||||||
Dainippon Sumitomo Pharma Co. Ltd. | 644 | 8,203 | ||||||
Daito Trust Construction Co. Ltd. | 287 | 33,901 | ||||||
Daiwa House Industry Co. Ltd. | 2,384 | 42,767 | ||||||
Daiwa Securities Group, Inc. | 6,609 | 52,360 | ||||||
DeNa Co. Ltd. | 430 | 5,469 |
See Notes to Financial Statements.
10
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
International Equity Index Fund — continued
Shares | Value($) | |||||||
Japan—continued | ||||||||
DENSO Corp. | 1,937 | 89,278 | ||||||
Dentsu, Inc. | 877 | 33,385 | ||||||
Don Quijote Co. Ltd. | 239 | 13,707 | ||||||
East Japan Railway Co. | 1,350 | 101,181 | ||||||
Eisai Co. Ltd. | 1,025 | 41,449 | ||||||
Electric Power Development Co. Ltd. | 467 | 15,265 | ||||||
FamilyMart Co. Ltd. | 237 | 9,044 | ||||||
FANUC Ltd. | 756 | 136,552 | ||||||
Fast Retailing Co. Ltd. | 210 | 70,281 | ||||||
Fuji Electric Holdings Co. Ltd. | 2,262 | 10,952 | ||||||
Fuji Heavy Industries Ltd. | 2,290 | 75,710 | ||||||
FUJIFILM Holdings Corp. | 1,841 | 56,569 | ||||||
Fujitsu Ltd. | 7,647 | 47,064 | ||||||
Fukuoka Financial Group, Inc. | 3,067 | 14,625 | ||||||
Gree, Inc. | 437 | 2,980 | ||||||
GungHo Online Entertainment, Inc. | 1,619 | 7,720 | ||||||
Gunma Bank Ltd. (The) | 1,508 | 8,690 | ||||||
Hachijuni Bank Ltd. (The) | 1,656 | 9,950 | ||||||
Hakuhodo DY Holdings, Inc. | 971 | 9,827 | ||||||
Hamamatsu Photonics K.K. | 283 | 13,444 | ||||||
Hankyu Hanshin Holdings, Inc. | 4,611 | 26,865 | ||||||
Hikari Tsushin, Inc. | 67 | 4,759 | ||||||
Hino Motors Ltd. | 1,051 | 14,700 | ||||||
Hirose Electric Co. Ltd. | 119 | 14,691 | ||||||
Hiroshima Bank Ltd. (The) | 1,990 | 9,780 | ||||||
Hisamitsu Pharmaceutical Co., Inc. | 233 | 8,370 | ||||||
Hitachi Chemical Co. Ltd. | 415 | 7,379 | ||||||
Hitachi Construction Machinery Co. Ltd. | 428 | 8,617 | ||||||
Hitachi High-Technologies Corp. | 247 | 7,094 | ||||||
Hitachi Ltd. | 19,270 | 147,150 | ||||||
Hitachi Metals Ltd. | 855 | 15,404 | ||||||
Hokuhoku Financial Group, Inc. | 4,863 | 9,533 | ||||||
Hokuriku Electric Power Co. | 673 | 8,842 | ||||||
Honda Motor Co. Ltd. | 6,488 | 224,795 | ||||||
Hoya Corp. | 1,738 | 58,380 | ||||||
Hulic Co. Ltd. | 970 | 10,259 | ||||||
Ibiden Co. Ltd. | 487 | 9,485 | ||||||
Idemitsu Kosan Co. Ltd. | 352 | 7,472 | ||||||
IHI Corp. | 5,592 | 28,961 | ||||||
Iida Group Holdings Co. Ltd. | 670 | 8,198 | ||||||
Inpex Corp. | 3,551 | 50,169 | ||||||
Isetan Mitsukoshi Holdings Ltd. | 1,377 | 17,929 | ||||||
Isuzu Motors Ltd. | 2,274 | 32,138 | ||||||
ITOCHU Corp. | 6,035 | 73,735 | ||||||
Itochu Techno-Solutions Corp. | 96 | 4,035 | ||||||
Iyo Bank Ltd. (The) | 965 | 9,767 | ||||||
J. Front Retailing Co. Ltd. | 977 | 12,783 | ||||||
Japan Airlines Co. Ltd. | 461 | 12,610 | ||||||
Japan Display, Inc.* | 1,475 | 7,114 |
Shares | Value($) | |||||||
Japan—continued | ||||||||
Japan Exchange Group, Inc. | 1,018 | 24,161 | ||||||
Japan Prime Realty Investment Corp. REIT | 3 | 10,805 | ||||||
Japan Real Estate Investment Corp. REIT | 5 | 25,712 | ||||||
Japan Retail Fund Investment Corp. REIT | 9 | 18,135 | ||||||
Japan Tobacco, Inc. | 4,388 | 142,713 | ||||||
JFE Holdings, Inc. | 1,958 | 39,071 | ||||||
JGC Corp. | 832 | 22,713 | ||||||
Joyo Bank Ltd. (The) | 2,675 | 13,171 | ||||||
JS Group Corp. | 1,056 | 22,559 | ||||||
JSR Corp. | 711 | 12,402 | ||||||
JTEKT Corp. | 826 | 13,812 | ||||||
JX Holdings, Inc. | 9,083 | 41,864 | ||||||
Kajima Corp. | 3,398 | 16,266 | ||||||
Kakaku.com, Inc. | 584 | 8,296 | ||||||
Kamigumi Co. Ltd. | 920 | 8,707 | ||||||
Kaneka Corp. | 1,132 | 6,327 | ||||||
Kansai Electric Power Co., Inc. (The)* | 2,801 | 26,471 | ||||||
Kansai Paint Co. Ltd. | 929 | 13,875 | ||||||
Kao Corp. | 2,101 | 81,923 | ||||||
Kawasaki Heavy Industries Ltd. | 5,650 | 22,564 | ||||||
KDDI Corp. | 2,313 | 139,044 | ||||||
Keikyu Corp. | 1,885 | 15,743 | ||||||
Keio Corp. | 2,321 | 17,163 | ||||||
Keisei Electric Railway Co. Ltd. | 1,119 | 11,244 | ||||||
Keyence Corp. | 182 | 79,098 | ||||||
Kikkoman Corp. | 597 | 12,688 | ||||||
Kintetsu Corp. | 7,315 | 24,611 | ||||||
Kirin Holdings Co. Ltd. | 3,321 | 44,103 | ||||||
Kobe Steel Ltd. | 12,369 | 20,075 | ||||||
Koito Manufacturing Co. Ltd. | 378 | 10,267 | ||||||
Komatsu Ltd. | 3,703 | 85,641 | ||||||
Konami Corp. | 406 | 8,462 | ||||||
Konica Minolta Holdings, Inc. | 1,912 | 20,641 | ||||||
Kubota Corp. | 4,501 | 71,101 | ||||||
Kuraray Co. Ltd. | 1,395 | 16,357 | ||||||
Kurita Water Industries Ltd. | 406 | 9,058 | ||||||
Kyocera Corp. | 1,279 | 59,603 | ||||||
Kyowa Hakko Kirin Co. Ltd. | 933 | 11,442 | ||||||
Kyushu Electric Power Co., Inc.* | 1,715 | 18,483 | ||||||
Lawson, Inc. | 264 | 18,463 | ||||||
M3, Inc. | 787 | 12,629 | ||||||
Mabuchi Motor Co. Ltd. | 99 | 8,630 | ||||||
Makita Corp. | 481 | 27,191 | ||||||
Marubeni Corp. | 6,635 | 45,421 | ||||||
Marui Group Co. Ltd. | 977 | 8,044 | ||||||
Maruichi Steel Tube Ltd. | 188 | 4,616 | ||||||
Mazda Motor Corp. | 2,155 | 54,015 |
See Notes to Financial Statements.
11
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
International Equity Index Fund — continued
Shares | Value($) | |||||||
Japan—continued | ||||||||
McDonald’s Holdings Co. (Japan) Ltd. | 266 | 6,580 | ||||||
Medipal Holdings Corp. | 540 | 6,563 | ||||||
Meiji Holdings Co. Ltd. | 237 | 18,735 | ||||||
Miraca Holdings, Inc. | 226 | 9,345 | ||||||
Mitsubishi Chemical Holdings Corp. | 5,444 | 26,784 | ||||||
Mitsubishi Corp. | 5,624 | 115,172 | ||||||
Mitsubishi Electric Corp. | 7,731 | 102,951 | ||||||
Mitsubishi Estate Co. Ltd. | 5,009 | 112,740 | ||||||
Mitsubishi Gas Chemical Co., Inc. | 1,565 | 9,974 | ||||||
Mitsubishi Heavy Industries Ltd. | 12,010 | 77,267 | ||||||
Mitsubishi Logistics Corp. | 493 | 7,075 | ||||||
Mitsubishi Materials Corp. | 4,552 | 14,734 | ||||||
Mitsubishi Motors Corp. | 2,551 | 30,959 | ||||||
Mitsubishi Tanabe Pharma Corp. | 901 | 13,218 | ||||||
Mitsubishi UFJ Financial Group, Inc. | 50,529 | 285,736 | ||||||
Mitsubishi UFJ Lease & Finance Co. Ltd. | 1,958 | 10,230 | ||||||
Mitsui & Co. Ltd. | 6,833 | 107,752 | ||||||
Mitsui Chemicals, Inc.* | 3,294 | 9,160 | ||||||
Mitsui Fudosan Co. Ltd. | 3,717 | 113,857 | ||||||
Mitsui O.S.K. Lines Ltd. | 4,303 | 13,732 | ||||||
Mizuho Financial Group, Inc. | 91,924 | 164,193 | ||||||
MS&AD Insurance Group Holdings, Inc. | 2,026 | 44,196 | ||||||
Murata Manufacturing Co. Ltd. | 795 | 90,391 | ||||||
Nabtesco Corp. | 461 | 11,051 | ||||||
Nagoya Railroad Co. Ltd. | 3,386 | 13,584 | ||||||
Namco Bandai Holdings, Inc. | 718 | 18,429 | ||||||
NEC Corp. | 10,463 | 36,157 | ||||||
Nexon Co. Ltd. | 535 | 4,415 | ||||||
NGK Insulators Ltd. | 1,053 | 25,078 | ||||||
NGK Spark Plug Co. Ltd. | 718 | 21,113 | ||||||
NHK Spring Co. Ltd. | 631 | 6,185 | ||||||
Nidec Corp. | 801 | 54,191 | ||||||
Nikon Corp. | 1,355 | 19,582 | ||||||
Nintendo Co. Ltd. | 433 | 47,100 | ||||||
Nippon Building Fund, Inc. REIT | 5 | 26,305 | ||||||
Nippon Electric Glass Co. Ltd. | 1,614 | 7,858 | ||||||
Nippon Express Co. Ltd. | 3,392 | 14,196 | ||||||
Nippon Meat Packers, Inc. | 693 | 14,697 | ||||||
Nippon Paint Co. Ltd. | 689 | 15,486 | ||||||
Nippon Prologis REIT, Inc. | 5 | 11,630 | ||||||
Nippon Steel Corp. | 29,201 | 75,775 | ||||||
Nippon Telegraph & Telephone Corp. | 1,505 | 93,600 | ||||||
Nippon Yusen Kabushiki Kaisha | 6,405 | 16,878 | ||||||
Nissan Motor Co. Ltd. | 9,923 | 96,719 | ||||||
Nisshin Seifun Group, Inc. | 842 | 8,322 | ||||||
Nissin Foods Holdings Co. Ltd. | 238 | 12,369 |
Shares | Value($) | |||||||
Japan—continued | ||||||||
Nitori Holdings Co. Ltd. | 276 | 17,087 | ||||||
Nitto Denko Corp. | 627 | 34,387 | ||||||
NOK Corp. | 377 | 8,649 | ||||||
Nomura Holdings, Inc. | 14,468 | 86,247 | ||||||
Nomura Real Estate Holdings, Inc. | 496 | 8,520 | ||||||
Nomura Research Institute Ltd. | 457 | 14,772 | ||||||
NSK Ltd. | 1,881 | 26,772 | ||||||
NTT Data Corp. | 511 | 18,404 | ||||||
NTT DoCoMo, Inc. | 6,092 | 101,677 | ||||||
NTT Urban Development Corp. | 448 | 4,714 | ||||||
Obayashi Corp. | 2,618 | 17,927 | ||||||
Odakyu Electric Railway Co. Ltd. | 2,509 | 22,945 | ||||||
OJI Paper Co. Ltd. | 3,229 | 12,218 | ||||||
Olympus Corp.* | 952 | 34,157 | ||||||
Omron Corp. | 804 | 36,507 | ||||||
Ono Pharmaceutical Co. Ltd. | 334 | 29,662 | ||||||
Oracle Corp. Japan | 153 | 5,971 | ||||||
Oriental Land Co. Ltd. | 203 | 38,379 | ||||||
ORIX Corp. | 5,266 | 72,646 | ||||||
Osaka Gas Co. Ltd. | 7,516 | 30,201 | ||||||
Otsuka Corp. | 192 | 7,633 | ||||||
Otsuka Holdings Co. Ltd. | 1,568 | 54,042 | ||||||
Panasonic Corp. | 8,709 | 103,587 | ||||||
Park24 Co. Ltd. | 402 | 6,414 | ||||||
Rakuten, Inc. | 3,213 | 37,000 | ||||||
Resona Holdings, Inc. | 8,801 | 49,624 | ||||||
Ricoh Co. Ltd. | 2,850 | 30,611 | ||||||
Rinnai Corp. | 147 | 12,210 | ||||||
Rohm Co. Ltd. | 389 | 24,473 | ||||||
Sankyo Co. Ltd. | 195 | 6,987 | ||||||
Sanrio Co. Ltd. | 193 | 5,596 | ||||||
Santen Pharmaceutical Co. Ltd. | 304 | 17,019 | ||||||
SBI Holdings, Inc. | 810 | 9,069 | ||||||
Secom Co. Ltd. | 846 | 50,394 | ||||||
Sega Sammy Holdings, Inc. | 742 | 11,941 | ||||||
Seibu Holdings, Inc. | 477 | 9,525 | ||||||
Seiko Epson Corp. | 521 | 25,035 | ||||||
Sekisui Chemical Co. Ltd. | 1,707 | 19,580 | ||||||
Sekisui House Ltd. | 2,195 | 25,858 | ||||||
Seven & I Holdings Co. Ltd. | 3,040 | 117,913 | ||||||
Seven Bank Ltd. | 2,364 | 9,635 | ||||||
Sharp Corp.* | 6,150 | 17,495 | ||||||
Shikoku Electric Power Co., Inc.* | 717 | 9,192 | ||||||
Shimadzu Corp. | 954 | 8,255 | ||||||
Shimamura Co. Ltd. | 89 | 8,180 | ||||||
Shimano, Inc. | 317 | 38,557 | ||||||
Shimizu Corp. | 2,369 | 18,684 | ||||||
Shin-Etsu Chemical Co. Ltd. | 1,646 | 107,577 | ||||||
Shinsei Bank Ltd. | 6,539 | 14,011 | ||||||
Shionogi & Co. Ltd. | 1,209 | 27,735 | ||||||
Shiseido Co. Ltd. | 1,446 | 23,857 |
See Notes to Financial Statements.
12
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
International Equity Index Fund — continued
Shares | Value($) | |||||||
Japan—continued | ||||||||
Shizuoka Bank Ltd. (The) | 2,130 | 21,926 | ||||||
Showa Shell Sekiyu Kabushiki Kaisha | 754 | 7,191 | ||||||
SMC Corp. | 219 | 60,403 | ||||||
Softbank Corp. | 3,792 | 265,846 | ||||||
Sompo Japan Nipponkoa Holdings, Inc. | 1,332 | 32,318 | ||||||
Sony Corp. | 4,087 | 74,194 | ||||||
Sony Financial Holdings, Inc. | 698 | 11,290 | ||||||
Stanley Electric Co. Ltd. | 574 | 12,414 | ||||||
Sumitomo Chemical Co. Ltd. | 5,954 | 21,226 | ||||||
Sumitomo Corp. | 4,534 | 50,042 | ||||||
Sumitomo Electric Industries Ltd. | 3,030 | 44,770 | ||||||
Sumitomo Heavy Industries Ltd. | 2,197 | 12,360 | ||||||
Sumitomo Metal Mining Co. Ltd. | 2,050 | 28,860 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 5,081 | 207,132 | ||||||
Sumitomo Realty & Development Co. Ltd. | 1,424 | 50,669 | ||||||
Sumitomo Rubber Industries Ltd. | 688 | 9,780 | ||||||
Suntory Beverage & Food Ltd. | 560 | 19,862 | ||||||
Suruga Bank Ltd. | 724 | 14,431 | ||||||
Suzuken Co. Ltd. | 284 | 8,183 | ||||||
Suzuki Motor Corp. | 1,440 | 47,733 | ||||||
Sysmex Corp. | 573 | 23,040 | ||||||
T&D Holdings, Inc. | 2,319 | 29,782 | ||||||
Taiheiyo Cement Corp. | 4,681 | 17,670 | ||||||
Taisei Corp. | 4,116 | 23,231 | ||||||
Taisho Pharmaceutical Holdings Co. Ltd. | 127 | 8,696 | ||||||
Taiyo Nippon Sanso Corp. | 947 | 8,350 | ||||||
Takashimaya Co. Ltd. | 1,074 | 8,980 | ||||||
Takeda Pharmaceutical Co. Ltd. | 3,179 | 138,204 | ||||||
TDK Corp. | 502 | 28,012 | ||||||
Teijin Ltd. | 3,743 | 9,044 | ||||||
Terumo Corp. | 1,233 | 29,556 | ||||||
THK Co. Ltd. | 451 | 11,226 | ||||||
Tobu Railway Co. Ltd. | 4,096 | 20,615 | ||||||
Toho Co. Ltd. | 454 | 10,266 | ||||||
Toho Gas Co. Ltd. | 1,631 | 9,190 | ||||||
Tohoku Electric Power Co., Inc. | 1,778 | 20,200 | ||||||
Tokio Marine Holdings, Inc. | 2,774 | 86,059 | ||||||
Tokyo Electric Power Co., Inc. (The)* | 5,809 | 20,339 | ||||||
Tokyo Electron Ltd. | 691 | 45,099 | ||||||
Tokyo Gas Co. Ltd. | 9,497 | 53,384 | ||||||
Tokyo Tatemono Co. Ltd. | 1,631 | 13,191 | ||||||
Tokyu Corp. | 4,593 | 30,110 | ||||||
Tokyu Fudosan Holdings Corp. | 1,903 | 13,048 | ||||||
TonenGeneral Sekiyu KK | 1,135 | 9,924 | ||||||
Toppan Printing Co. Ltd. | 2,277 | 16,360 | ||||||
Toray Industries, Inc. | 5,888 | 38,922 |
Shares | Value($) | |||||||
Japan—continued | ||||||||
Toshiba Corp. | 16,274 | 75,409 | ||||||
TOTO Ltd. | 1,137 | 12,503 | ||||||
Toyo Seikan Kaisha Ltd. | 672 | 8,327 | ||||||
Toyo Suisan Kaisha Ltd. | 350 | 11,616 | ||||||
Toyoda Gosei Co. Ltd. | 262 | 5,112 | ||||||
Toyota Industries Corp. | 650 | 31,411 | ||||||
Toyota Motor Corp. | 10,962 | 645,976 | ||||||
Toyota Tsusho Corp. | 855 | 20,830 | ||||||
Trend Micro, Inc. | 426 | 14,410 | ||||||
Uni-Charm Corp. | 1,453 | 33,127 | ||||||
United Urban Investment Corp., REIT | 9 | 13,811 | ||||||
USS Co. Ltd. | 890 | 13,633 | ||||||
West Japan Railway Co. | 660 | 29,544 | ||||||
Yahoo Japan Corp. | 5,800 | 22,052 | ||||||
Yakult Honsha Co. Ltd. | 355 | 18,644 | ||||||
Yamada Denki Co. Ltd. | 3,483 | 10,162 | ||||||
Yamaguchi Financial Group, Inc. | 847 | 8,001 | ||||||
Yamaha Corp. | 676 | 8,833 | ||||||
Yamaha Motor Co. Ltd. | 1,020 | 19,949 | ||||||
Yamato Holdings Co. Ltd. | 1,468 | 27,325 | ||||||
Yamato Kogyo Co. Ltd. | 155 | 5,173 | ||||||
Yamazaki Baking Co. Ltd. | 442 | 5,699 | ||||||
Yaskawa Electric Corp. | 894 | 12,105 | ||||||
Yokogawa Electric Corp. | 792 | 10,413 | ||||||
Yokohama Rubber Co. Ltd. (The) | 836 | 7,234 | ||||||
|
| |||||||
10,784,213 | ||||||||
|
| |||||||
Jersey 0.2% | ||||||||
Petrofac Ltd. | 478 | 8,036 | ||||||
Randgold Resources Ltd. | 164 | 11,190 | ||||||
Shire PLC | 1,088 | 94,188 | ||||||
|
| |||||||
113,414 | ||||||||
|
| |||||||
Luxembourg 0.6% | ||||||||
Altice SA* | 411 | 21,767 | ||||||
ArcelorMittal | 4,035 | 55,551 | ||||||
Millicom International Cellular SA | 186 | 14,937 | ||||||
RTL Group SA* | 239 | 20,494 | ||||||
SES | 1,242 | 42,943 | ||||||
Tenaris SA | 5,852 | 134,153 | ||||||
|
| |||||||
289,845 | ||||||||
|
| |||||||
Macau 0.0%(c) | ||||||||
MGM China Holdings Ltd. | 1,452 | 4,161 | ||||||
|
| |||||||
Mauritius 0.0%(c) | ||||||||
Golden Agri-Resources Ltd. | 22,439 | 9,059 | ||||||
|
| |||||||
Netherlands 3.5% | ||||||||
Aegon NV | 8,287 | 68,370 | ||||||
Akzo Nobel NV | 1,124 | 77,017 | ||||||
ASML Holding NV | 1,688 | 168,047 | ||||||
CNH Industrial NV | 11,752 | 93,513 | ||||||
Corio NV REIT | 330 | 16,183 |
See Notes to Financial Statements.
13
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
International Equity Index Fund — continued
Shares | Value($) | |||||||
Netherlands—continued | ||||||||
Delta Lloyd NV | 945 | 22,791 | ||||||
Fugro NV | 343 | 10,382 | ||||||
Gemalto NV | 374 | 34,333 | ||||||
Heineken Holding NV | 473 | 31,287 | ||||||
Heineken NV | 1,086 | 81,258 | ||||||
ING Groep NV* | 17,862 | 255,160 | ||||||
Koninklijke Ahold NV | 4,373 | 70,809 | ||||||
Koninklijke Boskalis Westminster NV | 402 | 22,635 | ||||||
Koninklijke DSM NV | 807 | 49,797 | ||||||
Koninklijke KPN NV* | 14,992 | 48,040 | ||||||
Koninklijke Philips Electronics NV | 4,519 | 144,206 | ||||||
Koninklijke Vopak NV | 331 | 17,862 | ||||||
OCI* | 388 | 11,984 | ||||||
QIAGEN NV* | 1,418 | 32,292 | ||||||
Randstad Holding NV | 591 | 27,515 | ||||||
Reed Elsevier NV | 3,284 | 74,537 | ||||||
TNT Express NV | 2,074 | 13,135 | ||||||
Unilever NV | 7,634 | 304,016 | ||||||
Wolters Kluwer NV | 1,408 | 37,559 | ||||||
Ziggo NV* | 711 | 33,308 | ||||||
|
| |||||||
1,746,036 | ||||||||
|
| |||||||
New Zealand 0.7% | ||||||||
Auckland International Airport Ltd. | 19,551 | 58,761 | ||||||
Contact Energy Ltd. | 7,529 | 35,148 | ||||||
Fletcher Building Ltd. | 14,055 | 96,334 | ||||||
Ryman Healthcare Ltd. | 7,798 | 47,543 | ||||||
Spark New Zealand Ltd. | 38,066 | 88,257 | ||||||
Xero Ltd.* | 1,350 | 22,764 | ||||||
|
| |||||||
348,807 | ||||||||
|
| |||||||
Norway 1.9% | ||||||||
Aker Solutions ASA | 1,408 | 5,665 | ||||||
Aker Solutions ASA*(e) | 1,408 | 14,026 | ||||||
DnB NOR ASA | 9,077 | 169,962 | ||||||
Gjensidige Forsikring ASA | 1,832 | 38,751 | ||||||
Norsk Hydro ASA | 12,345 | 69,058 | ||||||
Orkla ASA | 7,611 | 68,827 | ||||||
Seadrill Ltd.(d) | 3,482 | 93,381 | ||||||
StatoilHydro ASA | 10,383 | 283,140 | ||||||
Telenor ASA | 6,975 | 153,076 | ||||||
Yara International ASA | 1,678 | 84,256 | ||||||
|
| |||||||
980,142 | ||||||||
|
| |||||||
Portugal 0.8% | ||||||||
Banco Comercial Portugues SA* | 550,975 | 72,096 | ||||||
Banco Espirito Santo SA* | 47,418 | 7,187 | ||||||
EDP—Energias de Portugal SA | 37,381 | 163,125 | ||||||
Galp Energia SGPS SA | 6,126 | 99,581 | ||||||
Jeronimo Martins SGPS SA | 3,880 | 42,724 | ||||||
|
| |||||||
384,713 | ||||||||
|
|
Shares | Value($) | |||||||
Singapore 1.2% | ||||||||
Ascendas REIT | 6,526 | 11,510 | ||||||
CapitaCommercial Trust, REIT | 6,540 | 8,177 | ||||||
CapitaLand Ltd. | 8,081 | 20,271 | ||||||
CapitaMall Trust REIT | 7,755 | 11,611 | ||||||
City Developments Ltd. | 1,308 | 9,864 | ||||||
ComfortDelGro Corp. Ltd. | 6,501 | 12,231 | ||||||
DBS Group Holdings Ltd. | 5,466 | 78,924 | ||||||
Genting Singapore PLC | 19,889 | 17,773 | ||||||
Global Logistic Properties Ltd. | 9,759 | 20,731 | ||||||
Jardine Cycle & Carriage Ltd. | 337 | 11,336 | ||||||
Keppel Corp. Ltd. | 4,634 | 38,141 | ||||||
Keppel Land Ltd. | 2,194 | 6,019 | ||||||
Olam International Ltd. | 1,578 | 2,907 | ||||||
Oversea-Chinese Banking Corp. Ltd. | 9,269 | 70,769 | ||||||
SembCorp Industries Ltd. | 3,130 | 12,709 | ||||||
SembCorp Marine Ltd. | 2,670 | 7,828 | ||||||
Singapore Airlines Ltd. | 1,724 | 13,298 | ||||||
Singapore Exchange Ltd. | 2,555 | 14,480 | ||||||
Singapore Press Holdings Ltd. | 5,150 | 16,955 | ||||||
Singapore Technologies Engineering Ltd. | 5,003 | 14,314 | ||||||
Singapore Telecommunications Ltd. | 25,649 | 76,402 | ||||||
StarHub Ltd. | 1,938 | 6,259 | ||||||
United Overseas Bank Ltd. | 4,078 | 71,606 | ||||||
UOL Group Ltd. | 1,475 | 7,643 | ||||||
Wilmar International Ltd. | 6,165 | 14,933 | ||||||
Yangzijiang Shipbuilding Holdings Ltd. | 6,053 | 5,599 | ||||||
|
| |||||||
582,290 | ||||||||
|
| |||||||
Spain 5.3% | ||||||||
Abertis Infraestructuras SA | 2,378 | 46,975 | ||||||
Actividades de Construccion y Servicios SA | 1,033 | 39,690 | ||||||
Amadeus IT Holding SA, Cl A | 2,217 | 82,941 | ||||||
Banco Bilbao Vizcaya Argentaria SA | 34,153 | 412,001 | ||||||
Banco de Sabadell SA | 19,925 | 58,990 | ||||||
Banco Popular Espanol SA | 10,425 | 63,822 | ||||||
Banco Santander SA | 70,081 | 673,694 | ||||||
Bankia SA* | 27,025 | 50,450 | ||||||
Criteria Caixacorp SA | 10,343 | 62,980 | ||||||
Distribuidora Internacional de Alimentacion SA | 3,616 | 25,960 | ||||||
Enagas | 1,182 | 38,114 | ||||||
Ferrovial SA | 2,396 | 46,468 | ||||||
Gas Natural SDG SA | 2,037 | 59,973 | ||||||
Grifols SA | 890 | 36,466 | ||||||
Iberdrola SA | 29,756 | 213,098 | ||||||
Inditex SA | 6,375 | 176,136 |
See Notes to Financial Statements.
14
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
International Equity Index Fund — continued
Shares | Value($) | |||||||
Spain—continued | ||||||||
Mapfre SA | 5,378 | 19,047 | ||||||
Red Electrica Corporacion SA | 631 | 54,641 | ||||||
Repsol YPF SA | 5,992 | 142,282 | ||||||
Telefonica SA | 24,021 | 371,814 | ||||||
Zardoya Otis SA | 1,033 | 12,813 | ||||||
|
| |||||||
2,688,355 | ||||||||
|
| |||||||
Sweden 2.1% | ||||||||
Alfa Laval AB | 883 | 18,894 | ||||||
Assa Abloy AB, Cl B | 935 | 48,279 | ||||||
Atlas Copco AB, Cl A | 1,872 | 53,701 | ||||||
Atlas Copco AB, Cl B | 1,090 | 28,307 | ||||||
Boliden AB | 759 | 12,317 | ||||||
Electrolux AB, Cl B | 673 | 17,804 | ||||||
Elekta AB, B SHS | 1,029 | 10,146 | ||||||
Getinge AB | 559 | 14,107 | ||||||
Hennes & Mauritz AB, Cl B | 2,640 | 109,573 | ||||||
Hexagon AB, Cl B | 705 | 22,373 | ||||||
Husqvarna AB, Cl B | 1,136 | 8,045 | ||||||
Industrivarden AB, Cl C | 407 | 7,112 | ||||||
Investor AB, Cl B | 1,272 | 44,985 | ||||||
Kinnevik Investment AB, Cl B | 663 | 23,953 | ||||||
Lundin Petroleum AB* | 615 | 10,406 | ||||||
Nordea Bank AB | 8,490 | 110,478 | ||||||
Sandvik AB | 2,973 | 33,537 | ||||||
Securitas AB, Cl B | 876 | 9,730 | ||||||
Skandinaviska Enskilda Banken AB, Cl A | 4,234 | 56,563 | ||||||
Skanska AB, Cl B | 1,063 | 21,994 | ||||||
SKF AB, Cl B | 1,096 | 22,889 | ||||||
Svenska Cellulosa AB, Cl B | 1,618 | 38,589 | ||||||
Svenska Handelsbanken AB, Cl A | 1,383 | 65,068 | ||||||
Swedbank AB, Cl A | 2,534 | 63,807 | ||||||
Swedish Match AB | 564 | 18,289 | ||||||
Tele2 AB, B SHS | 895 | 10,809 | ||||||
Telefonaktiebolaget LM Ericsson, Cl B | 8,402 | 106,655 | ||||||
TeliaSonera AB | 6,739 | 46,620 | ||||||
Volvo AB, Cl B | 4,308 | 46,835 | ||||||
|
| |||||||
1,081,865 | ||||||||
|
| |||||||
Switzerland 2.9% | ||||||||
ABB Ltd.* | 2,405 | 54,111 | ||||||
Actelion Ltd.* | 115 | 13,527 | ||||||
Adecco SA* | 188 | 12,770 | ||||||
Aryzta AG* | 98 | 8,453 | ||||||
Baloise Holding AG | 52 | 6,672 | ||||||
Barry Callebaut AG* | 2 | 2,225 | ||||||
Cie Financiere Richemont SA | 579 | 47,517 | ||||||
Coca-Cola HBC AG* | 362 | 7,823 | ||||||
Credit Suisse Group AG* | 1,667 | 46,219 | ||||||
EMS-Chemie Holding AG | 9 | 3,745 |
Shares | Value($) | |||||||
Switzerland—continued | ||||||||
Geberit AG | 42 | 13,585 | ||||||
Givaudan SA* | 10 | 16,005 | ||||||
Glencore PLC* | 19,496 | 108,472 | ||||||
Holcim Ltd.* | 253 | 18,457 | ||||||
Julius Baer Group Ltd.* | 244 | 10,951 | ||||||
Kuehne + Nagel International AG | 60 | 7,579 | ||||||
Lindt & Spruengli AG PC | 2 | 9,995 | ||||||
Lonza Group AG* | 58 | 7,011 | ||||||
Nestle SA | 3,588 | 264,017 | ||||||
Novartis AG | 2,544 | 240,224 | ||||||
Pargesa Holding SA | 33 | 2,629 | ||||||
Partners Group Holding AG | 19 | 5,005 | ||||||
Roche Holding AG | 780 | 231,296 | ||||||
Schindler Holding AG PC | 51 | 6,923 | ||||||
Schindler Holding AG RS | 24 | 3,203 | ||||||
SGS SA | 6 | 12,450 | ||||||
Sika AG | 2 | 6,938 | ||||||
Sonova Holding AG | 59 | 9,431 | ||||||
STMicroelectronics NV | 2,620 | 20,252 | ||||||
Sulzer AG | 26 | 3,200 | ||||||
Swatch Group AG (The) BS | 34 | 16,172 | ||||||
Swatch Group AG (The) RS | 55 | 4,816 | ||||||
Swiss Life Holding AG* | 36 | 8,605 | ||||||
Swiss Prime Site AG* | 63 | 4,679 | ||||||
Swiss Re Ltd.* | 392 | 31,267 | ||||||
Swisscom AG | 26 | 14,774 | ||||||
Syngenta AG | 103 | 32,830 | ||||||
Transocean Ltd. | 404 | 13,072 | ||||||
UBS AG* | 4,024 | 70,221 | ||||||
Wolseley PLC | 489 | 25,701 | ||||||
Zurich Insurance Group AG* | 166 | 49,520 | ||||||
|
| |||||||
1,472,342 | ||||||||
|
| |||||||
United Kingdom 9.5% | ||||||||
3i Group PLC | 1,804 | 11,210 | ||||||
Aberdeen Asset Management PLC | 1,691 | 10,979 | ||||||
Admiral Group PLC | 374 | 7,779 | ||||||
Aggreko PLC | 472 | 11,845 | ||||||
AMEC PLC | 553 | 9,897 | ||||||
Anglo American PLC | 2,569 | 57,640 | ||||||
Antofagasta PLC | 729 | 8,521 | ||||||
ARM Holdings PLC | 2,606 | 38,276 | ||||||
ASOS PLC* | 102 | 3,721 | ||||||
Associated British Foods PLC | 656 | 28,490 | ||||||
AstraZeneca PLC | 2,323 | 167,264 | ||||||
Aviva PLC | 5,422 | 46,015 | ||||||
Babcock International Group PLC | 929 | 16,446 | ||||||
BAE Systems PLC | 5,893 | 45,044 | ||||||
Barclays PLC | 29,591 | 109,111 | ||||||
BG Group PLC | 6,187 | 114,343 | ||||||
BHP Billiton PLC | 3,966 | 110,266 | ||||||
BP PLC | 33,816 | 248,585 |
See Notes to Financial Statements.
15
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
International Equity Index Fund — continued
Shares | Value($) | |||||||
United Kingdom—continued | ||||||||
British American Tobacco PLC | 3,380 | 190,796 | ||||||
British Land Co. PLC (The) REIT | 1,772 | 20,181 | ||||||
British Sky Broadcasting Group PLC | 1,910 | 27,310 | ||||||
BT Group PLC | 14,584 | 89,748 | ||||||
Bunzl PLC | 611 | 15,947 | ||||||
Burberry Group PLC | 809 | 19,817 | ||||||
Capita Group PLC | 1,210 | 22,833 | ||||||
Capital Shopping Centres Group PLC REIT | 1,637 | 8,564 | ||||||
Carnival PLC | 335 | 13,382 | ||||||
Centrica PLC | 9,308 | 46,446 | ||||||
Cobham PLC | 2,109 | 9,953 | ||||||
Compass Group PLC | 3,101 | 50,096 | ||||||
Croda International PLC | 249 | 8,287 | ||||||
Diageo PLC | 4,598 | 133,055 | ||||||
Direct Line Insurance Group PLC | 2,802 | 13,364 | ||||||
Dixons Carphone PLC | 1,836 | 10,903 | ||||||
easyJet PLC | 289 | 6,667 | ||||||
Fresnillo PLC | 415 | 5,113 | ||||||
G4S PLC | 2,869 | 11,660 | ||||||
GKN PLC | 3,004 | 15,545 | ||||||
GlaxoSmithKline PLC | 8,926 | 204,467 | ||||||
Hammerson PLC REIT | 1,316 | 12,257 | ||||||
Hargreaves Lansdown PLC | 461 | 7,062 | ||||||
HSBC Holdings PLC | 34,823 | 353,454 | ||||||
ICAP PLC | 1,013 | 6,360 | ||||||
IMI PLC | 506 | 10,090 | ||||||
Imperial Tobacco Group PLC | 1,778 | 76,787 | ||||||
Inmarsat PLC | 768 | 8,728 | ||||||
InterContinental Hotels Group PLC | 431 | 16,622 | ||||||
International Consolidated Airlines Group SA* | 5,942 | 35,386 | ||||||
Intertek Group PLC | 298 | 12,662 | ||||||
Investec PLC | 1,014 | 8,548 | ||||||
ITV PLC | 7,071 | 23,820 | ||||||
J Sainsbury PLC | 2,271 | 9,259 | ||||||
Johnson Matthey PLC | 374 | 17,698 | ||||||
Kingfisher PLC | 4,389 | 23,046 | ||||||
Land Securities Group PLC REIT | 1,456 | 24,524 | ||||||
Legal & General Group PLC | 10,885 | 40,392 | ||||||
Lloyds Banking Group PLC* | 105,598 | 131,594 | ||||||
London Stock Exchange Group PLC | 328 | 9,933 | ||||||
Marks & Spencer Group PLC | 2,989 | 19,605 | ||||||
Meggitt PLC | 1,479 | 10,818 | ||||||
Melrose Industries PLC | 2,005 | 8,051 | ||||||
National Grid PLC | 6,870 | 98,899 | ||||||
Next PLC | 285 | 30,517 | ||||||
Old Mutual PLC | 9,024 | 26,581 | ||||||
Pearson PLC | 1,519 | 30,535 | ||||||
Persimmon PLC* | 554 | 11,981 |
Shares | Value($) | |||||||
United Kingdom—continued | ||||||||
Prudential PLC | 4,731 | 105,534 | ||||||
Reckitt Benckiser Group PLC | 1,201 | 104,165 | ||||||
Reed Elsevier PLC | 2,108 | 33,764 | ||||||
Rexam PLC | 1,303 | 10,389 | ||||||
Rio Tinto PLC | 2,340 | 115,000 | ||||||
Rolls-Royce Holdings PLC* | 3,495 | 54,648 | ||||||
Royal Bank of Scotland Group PLC* | 4,656 | 27,792 | ||||||
Royal Dutch Shell PLC, Cl A | 7,272 | 278,044 | ||||||
Royal Dutch Shell PLC, Cl B | 4,505 | 177,981 | ||||||
Royal Mail PLC | 1,213 | 7,712 | ||||||
RSA Insurance Group PLC* | 1,876 | 14,735 | ||||||
SABMiller PLC | 1,781 | 98,976 | ||||||
Sage Group PLC (The) | 2,012 | 11,918 | ||||||
Schroders PLC | 228 | 8,838 | ||||||
Scottish & Southern Energy PLC | 1,814 | 45,494 | ||||||
Segro PLC | 1,368 | 8,053 | ||||||
Severn Trent PLC | 438 | 13,328 | ||||||
Smith & Nephew PLC | 1,666 | 28,089 | ||||||
Smiths Group PLC | 728 | 14,918 | ||||||
Sports Direct International PLC* | 496 | 4,973 | ||||||
Standard Chartered PLC | 4,517 | 83,516 | ||||||
Standard Life PLC | 4,391 | 29,499 | ||||||
Subsea 7 SA | 2,596 | 37,073 | ||||||
Tate & Lyle PLC | 860 | 8,247 | ||||||
Tesco PLC | 14,975 | 45,203 | ||||||
Travis Perkins PLC | 457 | 12,328 | ||||||
TUI Travel PLC | 942 | 5,942 | ||||||
Tullow Oil PLC | 1,687 | 17,626 | ||||||
Unilever PLC | 2,360 | 98,900 | ||||||
United Utilities Group PLC | 1,252 | 16,400 | ||||||
Vodafone Group PLC | 48,655 | 161,225 | ||||||
Weir Group PLC (The) | 387 | 15,697 | ||||||
Whitbread PLC | 334 | 22,492 | ||||||
William Hill PLC | 1,612 | 9,664 | ||||||
WM Morrison Supermarkets PLC | 3,883 | 10,594 | ||||||
WPP PLC | 2,446 | 49,170 | ||||||
|
| |||||||
4,822,702 | ||||||||
|
| |||||||
Total Common Stocks |
| 48,130,624 | ||||||
|
| |||||||
Preferred Stocks 0.8% | ||||||||
Germany 0.8% | ||||||||
Bayerische Motoren Werke AG, 4.08% | 328 | 26,692 | ||||||
Fuchs Petrolub AG, (Preference Shares) | 436 | 16,576 | ||||||
Henkel AG & Co. KGaA, 1.13% | 1,075 | 107,346 | ||||||
Porsche AG, 2.67% | 923 | 73,958 | ||||||
Volkswagen AG, 1.78% | 974 | 202,247 | ||||||
|
| |||||||
Total Preferred Stocks |
| 426,819 | ||||||
|
|
See Notes to Financial Statements.
16
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
International Equity Index Fund — concluded
Shares | Value($) | |||||||
Rights 0.0%(c) | ||||||||
Austria 0.0%(a)(b)(c)(f) | ||||||||
IMMOEAST AG* | 175,419 | — | ||||||
|
| |||||||
Italy 0.0%(c) | ||||||||
Fiat SpA*(d) | 9,821 | — | ||||||
|
| |||||||
Spain 0.0%(c) | ||||||||
Banco Bilbao Vizcaya Argentaria SA* | 34,153 | 3,408 | ||||||
Banco Popular Espanol SA* | 10,425 | 145 | ||||||
|
| |||||||
3,553 | ||||||||
|
| |||||||
Total Rights |
| 3,553 | ||||||
|
| |||||||
Exchange Traded Funds 3.5% | ||||||||
iShares MSCI Australia Index Fund | 2,711 | 64,901 | ||||||
iShares MSCI Austria Investable Market Index Fund | 1,485 | 23,938 | ||||||
iShares MSCI Belgium Investable Market Index Fund | 882 | 14,396 | ||||||
iShares MSCI Denmark Capped | 363 | 17,772 | ||||||
iShares MSCI EAFE Fund | 8,345 | 535,081 | ||||||
iShares MSCI EMU Index Fund | 11,539 | 444,252 | ||||||
iShares MSCI Germany Index Fund | 3,413 | 94,540 | ||||||
iShares MSCI Hong Kong Index Fund | 773 | 15,715 | ||||||
iShares MSCI Ireland Capped | 290 | 9,991 | ||||||
iShares MSCI Israel Capped | 361 | 18,386 | ||||||
iShares MSCI Italy Index Fund | 6,546 | 102,707 | ||||||
iShares MSCI Japan Index Fund | 21,684 | 255,221 | ||||||
iShares MSCI Netherlands Investable Market Index Fund | 303 | 7,314 | ||||||
iShares MSCI New Zealand Capped | 324 | 12,471 | ||||||
iShares MSCI Norway Capped | 1,127 | 33,979 | ||||||
iShares MSCI Singapore Index Fund | 940 | 12,540 | ||||||
iShares MSCI Spain Index Fund | 727 | 28,280 | ||||||
iShares MSCI Sweden Index Fund | 710 | 23,494 | ||||||
iShares MSCI United Kingdom | 3,467 | 67,190 | ||||||
|
| |||||||
Total Exchange Traded Funds |
| 1,782,168 | ||||||
|
| |||||||
Trusts 0.0%(c) | ||||||||
Australia 0.0%(c) | ||||||||
AusNet Services | 5,125 | 6,125 | ||||||
|
| |||||||
Singapore 0.0%(c) | ||||||||
Hutchison Port Holdings Trust | 18,070 | 12,649 | ||||||
|
| |||||||
Total Trusts |
| 18,774 | ||||||
|
|
Shares | Value($) | |||||||
Short-Term Investment 1.5% | ||||||||
RidgeWorth Funds Securities Lending Joint Account(g) | 735,370 | 735,370 | ||||||
|
| |||||||
Total Short-Term Investment |
| 735,370 | ||||||
|
| |||||||
Money Market Fund 0.9% | ||||||||
State Street Institutional Liquid Reserves Fund, Institutional Class, 0.09%(h) | 429,231 | 429,231 | ||||||
|
| |||||||
Total Money Market Fund |
| 429,231 | ||||||
|
| |||||||
Total Investments | 51,526,539 | |||||||
Liabilities in Excess of Other | (911,866 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 50,614,673 | ||||||
|
|
* | Non-income producing security. |
(a) | Valued at fair value using procedures approved by the Board (See Notes 2(a)). |
(b) | The Fund’s investment adviser/subadviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. |
(c) | Less than 0.05% of Net Assets. |
(d) | The security or a partial position of the security was on loan as of September 30, 2014. The total value of securities on loan as of September 30, 2014 was $711,952. |
(e) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 0.03% of net assets as of September 30, 2014. |
(f) | Escrowed rights that are not tradable. |
(g) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2014 (See Note 2(i)). |
(h) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
Investment Abbreviations
BS | — | Bearer Shares | ||
MSCI | — | Morgan Stanley Capital International | ||
PC | — | Participation Certificate | ||
REIT | — | Real Estate Investment Trust | ||
RS | — | Registered Shares | ||
RSP | — | Retirement Savings Plan |
See Notes to Financial Statements.
17
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Large Cap Growth Stock Fund
Shares | Value($) | |||||||
Common Stocks 98.6% | ||||||||
Consumer Discretionary 19.7% | ||||||||
Alibaba Group Holding Ltd. SP ADR* | 381 | 33,852 | ||||||
Amazon.com, Inc.* | 17,931 | 5,781,672 | ||||||
BorgWarner, Inc. | 68,397 | 3,598,366 | ||||||
Chipotle Mexican Grill, Inc.* | 4,898 | 3,264,958 | ||||||
DR Horton, Inc. | 154,756 | 3,175,593 | ||||||
Johnson Controls, Inc. | 55,774 | 2,454,056 | ||||||
Michael Kors Holdings Ltd.* | 32,947 | 2,352,086 | ||||||
Netflix, Inc.* | 9,179 | 4,141,381 | ||||||
Priceline Group Inc. (The)* | 5,155 | 5,972,480 | ||||||
Scripps Networks Interactive, Cl A | 37,499 | 2,928,297 | ||||||
Starbucks Corp. | 76,334 | 5,760,164 | ||||||
Ulta Salon Cosmetics & Fragrance, Inc.* | 15,490 | 1,830,453 | ||||||
Under Armour, Inc., Cl A* | 64,540 | 4,459,714 | ||||||
VF Corp. | 62,526 | 4,128,592 | ||||||
Viacom, Inc., Cl B | 39,557 | 3,043,515 | ||||||
|
| |||||||
52,925,179 | ||||||||
|
| |||||||
Consumer Staples 6.7% | ||||||||
Colgate-Palmolive Co. | 69,142 | 4,509,441 | ||||||
Costco Wholesale Corp. | 43,922 | 5,504,305 | ||||||
Estee Lauder Cos., Inc. (The), Cl A | 53,109 | 3,968,305 | ||||||
WhiteWave Foods Co. (The), Cl A* | 112,722 | 4,095,190 | ||||||
|
| |||||||
18,077,241 | ||||||||
|
| |||||||
Energy 5.0% | ||||||||
EOG Resources, Inc. | 44,490 | 4,405,400 | ||||||
Phillips 66 | 23,535 | 1,913,631 | ||||||
Schlumberger Ltd. | 70,961 | 7,216,024 | ||||||
|
| |||||||
13,535,055 | ||||||||
|
| |||||||
Financials 5.3% | ||||||||
Discover Financial Services | 50,860 | 3,274,875 | ||||||
Genworth Financial, Inc., Cl A* | 180,573 | 2,365,506 | ||||||
Morgan Stanley | 114,806 | 3,968,844 | ||||||
Santander Consumer USA Holdings, Inc. | 80,148 | 1,427,436 | ||||||
T. Rowe Price Group, Inc. | 38,978 | 3,055,875 | ||||||
|
| |||||||
14,092,536 | ||||||||
|
| |||||||
Health Care 17.5% | ||||||||
Alexion Pharmaceuticals, Inc.* | 43,315 | 7,182,493 | ||||||
Biogen Idec, Inc.* | 25,777 | 8,527,289 | ||||||
Cerner Corp.* | 56,767 | 3,381,610 | ||||||
Express Scripts Holding Co.* | 54,745 | 3,866,639 | ||||||
Gilead Sciences, Inc.* | 122,819 | 13,074,083 | ||||||
HCA Holdings, Inc.* | 30,103 | 2,122,864 | ||||||
Illumina, Inc.* | 12,545 | 2,056,376 |
Shares | Value($) | |||||||
Health Care—continued | ||||||||
Mylan, Inc.* | 113,620 | 5,168,574 | ||||||
Pharmacyclics, Inc.*(a) | 14,943 | 1,754,757 | ||||||
|
| |||||||
47,134,685 | ||||||||
|
| |||||||
Industrials 11.5% | ||||||||
BE Aerospace, Inc.* | 15,425 | 1,294,774 | ||||||
Cummins, Inc. | 21,144 | 2,790,585 | ||||||
Delta Air Lines, Inc. | 94,007 | 3,398,353 | ||||||
Fluor Corp. | 36,558 | 2,441,709 | ||||||
Fortune Brands Home & Security, Inc. | 87,529 | 3,598,317 | ||||||
HD Supply Holdings, Inc.* | 74,235 | 2,023,646 | ||||||
Honeywell International, Inc. | 50,439 | 4,696,880 | ||||||
IHS, Inc., CL A* | 12,968 | 1,623,464 | ||||||
J.B. Hunt Transport Services, Inc. | 25,272 | 1,871,392 | ||||||
Precision Castparts Corp. | 11,468 | 2,716,540 | ||||||
Union Pacific Corp. | 41,996 | 4,553,206 | ||||||
|
| |||||||
31,008,866 | ||||||||
|
| |||||||
Information Technology 30.8% | ||||||||
3D Systems Corp.*(a) | 17,398 | 806,745 | ||||||
Analog Devices, Inc. | 59,472 | 2,943,269 | ||||||
Apple, Inc. | 192,695 | 19,414,021 | ||||||
ARM Holdings PLC SP ADR | 61,635 | 2,692,833 | ||||||
Baidu, Inc. SP ADR* | 7,893 | 1,722,489 | ||||||
Cognizant Technology Solutions Corp., Cl A* | 65,862 | 2,948,642 | ||||||
Facebook, Inc., Cl A* | 109,491 | 8,654,169 | ||||||
Google, Inc., Cl A* | 11,857 | 6,976,777 | ||||||
Google, Inc., Cl C* | 11,820 | 6,824,395 | ||||||
LinkedIn Corp., Cl A* | 10,187 | 2,116,757 | ||||||
Palo Alto Networks, Inc.* | 19,246 | 1,888,033 | ||||||
QUALCOMM, Inc. | 89,884 | 6,720,627 | ||||||
Salesforce.com, Inc.* | 71,657 | 4,122,427 | ||||||
Splunk, Inc.* | 43,075 | 2,384,632 | ||||||
Twitter, Inc.* | 1,442 | 74,378 | ||||||
VeriFone Systems, Inc.* | 41,252 | 1,418,244 | ||||||
Visa, Inc., Cl A | 29,826 | 6,363,974 | ||||||
Workday, Inc., Cl A* | 26,754 | 2,207,205 | ||||||
Xilinx, Inc. | 65,076 | 2,755,969 | ||||||
|
| |||||||
83,035,586 | ||||||||
|
| |||||||
Materials 2.1% | ||||||||
Monsanto Co. | 36,255 | 4,079,050 | ||||||
Vulcan Materials Co. | 27,384 | 1,649,339 | ||||||
|
| |||||||
5,728,389 | ||||||||
|
| |||||||
Total Common Stocks | 265,537,537 | |||||||
|
|
See Notes to Financial Statements.
18
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Large Cap Growth Stock Fund — concluded
Shares | Value($) | |||||||
Short-Term Investment 1.0% | ||||||||
RidgeWorth Funds Securities Lending Joint Account(b) | 2,638,000 | 2,638,000 | ||||||
|
| |||||||
Total Short-Term Investment | 2,638,000 | |||||||
|
| |||||||
Total Investments | 268,175,537 | |||||||
Other Assets in Excess of | 1,169,480 | |||||||
|
| |||||||
Net Assets — 100.0% | $ | 269,345,017 | ||||||
|
|
* | Non-income producing security. |
(a) | The security or a partial position of the security was on loan as of September 30, 2014. The total value of securities on loan as of September 30, 2014 was $2,523,785. |
(b) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2014 (See Note 2(h)). |
Investment Abbreviations
SP ADR — Sponsored American Depositary Receipt
See Notes to Financial Statements.
19
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Large Cap Value Equity Fund
Shares | Value($) | |||||||
Common Stocks 97.0% | ||||||||
Consumer Discretionary 8.8% |
| |||||||
Comcast Corp., Cl A | 429,490 | 23,097,972 | ||||||
DR Horton, Inc. | 1,212,914 | 24,888,995 | ||||||
Johnson Controls, Inc. | 911,398 | 40,101,512 | ||||||
Mattel, Inc. | 1,331,630 | 40,814,459 | ||||||
PulteGroup, Inc. | 1,211,074 | 21,387,567 | ||||||
PVH Corp. | 164,040 | 19,873,446 | ||||||
Walt Disney Co. (The) | 260,050 | 23,152,252 | ||||||
WPP PLC SP ADR | 115,059 | 11,556,526 | ||||||
|
| |||||||
204,872,729 | ||||||||
|
| |||||||
Consumer Staples 3.1% | ||||||||
Procter & Gamble Co. (The) | 427,900 | 35,832,346 | ||||||
Wal-Mart Stores, Inc. | 459,569 | 35,143,241 | ||||||
|
| |||||||
70,975,587 | ||||||||
|
| |||||||
Energy 10.0% | ||||||||
Chevron Corp. | 580,660 | 69,284,351 | ||||||
ConocoPhillips | 376,610 | 28,818,197 | ||||||
Exxon Mobil Corp. | 740,929 | 69,684,372 | ||||||
Occidental Petroleum Corp. | 239,117 | 22,991,100 | ||||||
Schlumberger Ltd. | 405,900 | 41,275,971 | ||||||
|
| |||||||
232,053,991 | ||||||||
|
| |||||||
Financials 26.5% | ||||||||
American Tower Corp., REIT | 304,780 | 28,536,551 | ||||||
Ameriprise Financial, Inc. | 314,340 | 38,783,269 | ||||||
Aon PLC | 273,621 | 23,988,353 | ||||||
BlackRock, Inc. | 52,295 | 17,169,494 | ||||||
Citigroup, Inc. | 1,120,040 | 58,040,473 | ||||||
Crown Castle International Corp., REIT | 472,080 | 38,016,603 | ||||||
Franklin Resources, Inc. | 635,820 | 34,722,130 | ||||||
JPMorgan Chase & Co. | 891,410 | 53,698,539 | ||||||
MetLife, Inc. | 921,610 | 49,508,889 | ||||||
Morgan Stanley | 971,767 | 33,593,985 | ||||||
Regions Financial Corp. | 2,366,970 | 23,764,379 | ||||||
Simon Property Group, Inc., REIT | 180,167 | 29,623,058 | ||||||
T. Rowe Price Group, Inc. | 499,100 | 39,129,440 | ||||||
Travelers Cos., Inc. (The) | 264,620 | 24,858,403 | ||||||
U.S. Bancorp | 1,252,010 | 52,371,578 | ||||||
Wells Fargo & Co. | 1,050,510 | 54,489,954 | ||||||
Zions Bancorp. | 400,350 | 11,634,171 | ||||||
|
| |||||||
611,929,269 | ||||||||
|
| |||||||
Health Care 13.3% | ||||||||
Aetna, Inc. | 295,715 | 23,952,915 | ||||||
Agilent Technologies, Inc. | 639,429 | 36,434,665 | ||||||
Baxter International, Inc. | 458,241 | 32,887,957 | ||||||
Cigna Corp. | 684,290 | 62,058,260 | ||||||
Johnson & Johnson | 335,800 | 35,792,922 |
Shares | Value($) | |||||||
Health Care—continued | ||||||||
Merck & Co., Inc. | 976,150 | 57,866,172 | ||||||
Pfizer, Inc. | 2,018,220 | 59,678,765 | ||||||
|
| |||||||
308,671,656 | ||||||||
|
| |||||||
Industrials 13.0% | ||||||||
A.O. Smith Corp. | 245,680 | 11,615,750 | ||||||
Delta Air Lines, Inc. | 645,060 | 23,318,919 | ||||||
Dover Corp. | 216,460 | 17,388,232 | ||||||
FedEx Corp. | 72,610 | 11,722,885 | ||||||
Flowserve Corp. | 397,027 | 27,998,344 | ||||||
Fluor Corp. | 167,123 | 11,162,145 | ||||||
General Dynamics Corp. | 201,390 | 25,594,655 | ||||||
General Electric Co. | 2,062,420 | 52,839,201 | ||||||
Honeywell International, Inc. | 379,000 | 35,292,480 | ||||||
Illinois Tool Works, Inc. | 136,010 | 11,481,964 | ||||||
Pentair PLC | 503,000 | 32,941,470 | ||||||
Republic Services, Inc. | 328,437 | 12,815,612 | ||||||
Union Pacific Corp. | 236,020 | 25,589,288 | ||||||
|
| |||||||
299,760,945 | ||||||||
|
| |||||||
Information Technology 16.2% |
| |||||||
Cisco Systems, Inc. | 2,782,440 | 70,034,015 | ||||||
EMC Corp. | 1,570,070 | 45,940,248 | ||||||
Intel Corp. | 1,342,520 | 46,746,546 | ||||||
Juniper Networks, Inc. | 796,200 | 17,635,830 | ||||||
Maxim Integrated Products, Inc. | 1,028,400 | 31,098,816 | ||||||
Microsoft Corp. | 1,015,257 | 47,067,315 | ||||||
NetApp, Inc. | 424,190 | 18,223,202 | ||||||
Oracle Corp. | 1,218,250 | 46,634,610 | ||||||
SanDisk Corp. | 180,240 | 17,654,508 | ||||||
Texas Instruments, Inc. | 708,050 | 33,766,905 | ||||||
|
| |||||||
374,801,995 | ||||||||
|
| |||||||
Materials 1.5% | ||||||||
Airgas, Inc. | 160,150 | 17,720,598 | ||||||
Ashland, Inc. | 170,290 | 17,727,189 | ||||||
|
| |||||||
35,447,787 | ||||||||
|
| |||||||
Telecommunication Services 1.5% |
| |||||||
Verizon Communications, Inc. | 686,410 | 34,313,636 | ||||||
|
| |||||||
Utilities 3.1% | ||||||||
Duke Energy Corp. | 477,018 | 35,666,636 | ||||||
NextEra Energy, Inc. | 374,372 | 35,146,043 | ||||||
|
| |||||||
70,812,679 | ||||||||
|
| |||||||
Total Common Stocks | 2,243,640,274 | |||||||
|
|
See Notes to Financial Statements.
20
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Large Cap Value Equity Fund — concluded
Shares | Value($) | |||||||
Money Market Fund 2.1% | ||||||||
State Street Institutional Liquid Reserves Fund, Institutional Class, 0.09%(a) | 48,225,741 | 48,225,741 | ||||||
|
| |||||||
Total Money Market Fund | 48,225,741 | |||||||
|
| |||||||
Total Investments |
| 2,291,866,015 | ||||||
Other Assets in Excess of | 20,936,363 | |||||||
|
| |||||||
Net Assets — 100.0% | $ | 2,312,802,378 | ||||||
|
|
(a) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
Investment Abbreviations
REIT | — | Real Estate Investment Trust | ||
SP ADR | — | Sponsored American Depositary Receipt |
See Notes to Financial Statements.
21
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Mid-Cap Value Equity Fund
Shares | Value($) | |||||||
Common Stocks 99.1% | ||||||||
Consumer Discretionary 12.2% |
| |||||||
CST Brands, Inc. | 1,400,000 | 50,330,000 | ||||||
DR Horton, Inc. | 1,500,000 | 30,780,000 | ||||||
Johnson Controls, Inc. | 935,000 | 41,140,000 | ||||||
KB Home(a) | 2,100,000 | 31,374,000 | ||||||
M.D.C. Holdings, Inc.(a) | 2,515,000 | 63,679,800 | ||||||
Mattel, Inc. | 3,050,000 | 93,482,500 | ||||||
PVH Corp. | 485,000 | 58,757,750 | ||||||
Ralph Lauren Corp. | 250,000 | 41,182,500 | ||||||
Regal Entertainment Group, Cl A(a) | 2,100,000 | 41,748,000 | ||||||
WPP PLC SP ADR | 400,000 | 40,176,000 | ||||||
|
| |||||||
492,650,550 | ||||||||
|
| |||||||
Consumer Staples 1.1% | ||||||||
Sysco Corp. | 1,150,000 | 43,642,500 | ||||||
|
| |||||||
Energy 6.9% | ||||||||
Baker Hughes, Inc. | 1,300,000 | 84,578,000 | ||||||
Cabot Oil & Gas Corp. | 1,075,000 | 35,141,750 | ||||||
Noble Energy, Inc. | 1,100,000 | 75,196,000 | ||||||
Tidewater, Inc. | 2,150,000 | 83,914,500 | ||||||
|
| |||||||
278,830,250 | ||||||||
|
| |||||||
Financials 26.1% | ||||||||
Allstate Corp. (The) | 700,000 | 42,959,000 | ||||||
American Campus Communities, Inc., REIT | 1,500,000 | 54,675,000 | ||||||
Ameriprise Financial, Inc. | 915,000 | 112,892,700 | ||||||
Aon PLC | 440,000 | 38,574,800 | ||||||
Arthur J Gallagher & Co. | 900,000 | 40,824,000 | ||||||
BankUnited, Inc. | 945,000 | 28,813,050 | ||||||
Comerica, Inc. | 1,275,000 | 63,571,500 | ||||||
Crown Castle International Corp., REIT | 825,000 | 66,437,250 | ||||||
DDR Corp., REIT | 2,450,000 | 40,988,500 | ||||||
Hartford Financial Services Group, Inc. (The) | 3,000,000 | 111,750,000 | ||||||
Health Care REIT, Inc. | 315,000 | 19,646,550 | ||||||
Invesco Ltd. | 1,950,000 | 76,986,000 | ||||||
Lazard Ltd., Cl A | 1,180,000 | 59,826,000 | ||||||
MB Financial, Inc. | 1,750,000 | 48,440,000 | ||||||
Regions Financial Corp. | 6,225,000 | 62,499,000 | ||||||
T. Rowe Price Group, Inc. | 1,100,000 | 86,240,000 | ||||||
Umpqua Holdings Corp. | 3,115,000 | 51,304,050 | ||||||
Zions Bancorp. | 1,600,000 | 46,496,000 | ||||||
|
| |||||||
1,052,923,400 | ||||||||
|
| |||||||
Health Care 13.9% | ||||||||
Aetna, Inc. | 650,000 | 52,650,000 | ||||||
Agilent Technologies, Inc. | 1,475,000 | 84,045,500 | ||||||
Cigna Corp. | 1,360,000 | 123,338,400 | ||||||
Hill-Rom Holdings, Inc. | 1,207,100 | 50,010,153 |
Shares | Value($) | |||||||
Health Care—continued | ||||||||
Omnicare, Inc. | 1,465,000 | 91,210,900 | ||||||
STERIS Corp. | 1,700,000 | 91,732,000 | ||||||
WellPoint, Inc. | 580,000 | 69,379,600 | ||||||
|
| |||||||
562,366,553 | ||||||||
|
| |||||||
Industrials 16.4% | ||||||||
A.O. Smith Corp. | 1,325,000 | 62,646,000 | ||||||
CSX Corp. | 825,000 | 26,449,500 | ||||||
Delta Air Lines, Inc. | 1,350,000 | 48,802,500 | ||||||
Dover Corp. | 585,000 | 46,993,050 | ||||||
Ingersoll-Rand PLC | 1,030,000 | 58,050,800 | ||||||
KAR Auction Services, Inc. | 1,800,000 | 51,534,000 | ||||||
Oshkosh Corp. | 825,000 | 36,423,750 | ||||||
Parker Hannifin Corp. | 565,000 | 64,494,750 | ||||||
Pentair PLC | 1,100,000 | 72,039,000 | ||||||
Republic Services, Inc. | 520,000 | 20,290,400 | ||||||
Rockwell Automation, Inc. | 450,000 | 49,446,000 | ||||||
Timken Co. (The) | 750,000 | 31,792,500 | ||||||
Towers Watson & Co., Cl A | 625,000 | 62,187,500 | ||||||
Tyco International Ltd. | 675,000 | 30,084,750 | ||||||
|
| |||||||
661,234,500 | ||||||||
|
| |||||||
Information Technology 12.8% |
| |||||||
Intersil Corp., Cl A | 6,300,000 | 89,523,000 | ||||||
Juniper Networks, Inc. | 3,800,000 | 84,170,000 | ||||||
Maxim Integrated Products, Inc. | 2,750,000 | 83,160,000 | ||||||
NetApp, Inc. | 2,415,000 | 103,748,400 | ||||||
SanDisk Corp. | 875,000 | 85,706,250 | ||||||
Seagate Technology PLC | 850,000 | 48,679,500 | ||||||
Symantec Corp. | 850,000 | 19,983,500 | ||||||
|
| |||||||
514,970,650 | ||||||||
|
| |||||||
Materials 5.3% | ||||||||
Ashland, Inc. | 550,000 | 57,255,000 | ||||||
Cabot Corp. | 1,200,000 | 60,924,000 | ||||||
Martin Marietta Materials, Inc. | 360,000 | 46,418,400 | ||||||
MeadWestvaco Corp. | 1,165,000 | 47,695,100 | ||||||
|
| |||||||
212,292,500 | ||||||||
|
| |||||||
Utilities 4.4% | ||||||||
American Water Works Co., Inc. | 625,000 | 30,143,750 | ||||||
Exelon Corp. | 1,685,000 | 57,441,650 | ||||||
NextEra Energy Partners LP*(a) | 400,000 | 13,876,000 | ||||||
NRG Energy, Inc. | 2,535,000 | 77,266,800 | ||||||
|
| |||||||
178,728,200 | ||||||||
|
| |||||||
Total Common Stocks | 3,997,639,103 | |||||||
|
|
See Notes to Financial Statements.
22
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Mid-Cap Value Equity Fund — concluded
Shares | Value($) | |||||||
Short-Term Investment 2.4% | ||||||||
RidgeWorth Funds Securities Lending Joint Account(b) | 98,449,250 | 98,449,250 | ||||||
|
| |||||||
Total Short-Term Investment | 98,449,250 | |||||||
|
| |||||||
Money Market Fund 0.7% | ||||||||
State Street Institutional Liquid Reserves Fund, Institutional Class, 0.09%(c) | 27,547,744 | 27,547,744 | ||||||
|
| |||||||
Total Money Market Fund | 27,547,744 | |||||||
|
| |||||||
Total Investments |
| 4,123,636,097 | ||||||
Liabilities in Excess of Other | (90,541,450 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 4,033,094,647 | ||||||
|
|
* | Non-income producing security. |
(a) | The security or a partial position of the security was on loan as of September 30, 2014. The total value of securities on loan as of September 30, 2014 was $94,877,437. |
(b) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2014 (See Note 2(h)). |
(c) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
Investment Abbreviations
REIT | — | Real Estate Investment Trust | ||
SP ADR | — | Sponsored American Depositary Receipt |
See Notes to Financial Statements.
23
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Select Large Cap Growth Stock Fund
Shares | Value($) | |||||||
Common Stocks 98.5% | ||||||||
Consumer Discretionary 17.9% | ||||||||
Amazon.com, Inc.* | 1,015 | 327,277 | ||||||
Johnson Controls, Inc. | 8,253 | 363,132 | ||||||
MGM Resorts International* | 8,908 | 202,924 | ||||||
NIKE, Inc., CL B | 4,807 | 428,784 | ||||||
Polaris Industries, Inc. | 2,723 | 407,878 | ||||||
Priceline Group Inc. (The)* | 403 | 466,908 | ||||||
Starbucks Corp. | 5,789 | 436,838 | ||||||
Under Armour, Inc., Cl A* | 3,470 | 239,777 | ||||||
VF Corp. | 7,309 | 482,613 | ||||||
|
| |||||||
3,356,131 | ||||||||
|
| |||||||
Consumer Staples 2.2% | ||||||||
Estee Lauder Cos., Inc. (The), Cl A | 5,605 | 418,805 | ||||||
|
| |||||||
Energy 8.4% | ||||||||
Devon Energy Corp. | 4,012 | 273,538 | ||||||
EOG Resources, Inc. | 4,896 | 484,802 | ||||||
Halliburton Co. | 8,186 | 528,079 | ||||||
Phillips 66 | 3,403 | 276,698 | ||||||
|
| |||||||
1,563,117 | ||||||||
|
| |||||||
Financials 6.8% | ||||||||
American Express Co. | 4,148 | 363,116 | ||||||
Charles Schwab Corp. (The) | 14,584 | 428,624 | ||||||
Morgan Stanley | 13,971 | 482,977 | ||||||
|
| |||||||
1,274,717 | ||||||||
|
| |||||||
Health Care 23.8% | ||||||||
Alexion Pharmaceuticals, Inc.* | 4,252 | 705,067 | ||||||
Biogen Idec, Inc.* | 2,275 | 752,593 | ||||||
Cerner Corp.* | 8,341 | 496,873 | ||||||
Gilead Sciences, Inc.* | 10,151 | 1,080,574 | ||||||
Illumina, Inc.* | 2,286 | 374,721 | ||||||
McKesson Corp. | 2,628 | 511,593 | ||||||
Mylan, Inc.* | 11,484 | 522,407 | ||||||
|
| |||||||
4,443,828 | ||||||||
|
| |||||||
Industrials 6.1% | ||||||||
Cummins, Inc. | 2,780 | 366,904 | ||||||
Delta Air Lines, Inc. | 12,375 | 447,356 | ||||||
Precision Castparts Corp. | 1,388 | 328,790 | ||||||
|
| |||||||
1,143,050 | ||||||||
|
|
Shares | Value($) | |||||||
Information Technology 31.6% | ||||||||
Adobe Systems, Inc.* | 7,059 | 488,412 | ||||||
Analog Devices, Inc. | 7,485 | 370,433 | ||||||
Apple, Inc. | 11,988 | 1,207,791 | ||||||
ARM Holdings PLC SP ADR | 3,931 | 171,745 | ||||||
Facebook, Inc., Cl A* | 7,324 | 578,889 | ||||||
Google, Inc., Cl C* | 976 | 563,503 | ||||||
Google, Inc., Cl A* | 976 | 574,288 | ||||||
QUALCOMM, Inc. | 4,413 | 329,960 | ||||||
Salesforce.com, Inc.* | 6,694 | 385,106 | ||||||
Visa, Inc., Cl A | 2,631 | 561,377 | ||||||
Workday, Inc., Cl A* | 2,802 | 231,165 | ||||||
Xilinx, Inc. | 10,651 | 451,070 | ||||||
|
| |||||||
5,913,739 | ||||||||
|
| |||||||
Materials 1.7% | ||||||||
PPG Industries, Inc. | 1,635 | 321,670 | ||||||
|
| |||||||
Total Common Stocks | 18,435,057 | |||||||
|
| |||||||
Money Market Fund 1.5% | ||||||||
State Street Institutional Liquid Reserves Fund, | 281,154 | 281,154 | ||||||
|
| |||||||
Total Money Market Fund | 281,154 | |||||||
|
| |||||||
Total Investments | 18,716,211 | |||||||
Liabilities in Excess of Other | (5,971 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 18,710,240 | ||||||
|
|
* | Non-income producing security. |
(a) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
(b) | Less than 0.05% of Net Assets. |
Investment Abbreviations
SP ADR — Sponsored American Depositary Receipt
See Notes to Financial Statements.
24
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Small Cap Growth Stock Fund
Shares | Value($) | |||||||
Common Stocks 99.7% | ||||||||
Consumer Discretionary 16.3% |
| |||||||
Asbury Automotive Group, Inc.* | 16,768 | 1,080,194 | ||||||
Beazer Homes USA, Inc.* | 57,278 | 961,125 | ||||||
Belmond Ltd., CI A* | 74,493 | 868,588 | ||||||
Buffalo Wild Wings, Inc.* | 9,345 | 1,254,753 | ||||||
Capella Education Co. | 30,040 | 1,880,504 | ||||||
Carmike Cinemas, Inc.* | 31,605 | 979,123 | ||||||
Five Below, Inc.*(a) | 42,831 | 1,696,536 | ||||||
G-III Apparel Group Ltd.* | 19,814 | 1,641,788 | ||||||
Gray Television, Inc.* | 138,792 | 1,093,681 | ||||||
Hibbett Sports, Inc.*(a) | 32,155 | 1,370,768 | ||||||
HomeAway, Inc.* | 47,044 | 1,670,062 | ||||||
Krispy Kreme Doughnuts, Inc.* | 64,627 | 1,108,999 | ||||||
Lumber Liquidators Holdings, Inc.*(a) | 23,044 | 1,322,265 | ||||||
Movado Group, Inc. | 20,178 | 667,085 | ||||||
Noodles & Co.*(a) | 42,873 | 822,733 | ||||||
Restoration Hardware Holdings, Inc.* | 13,294 | 1,057,538 | ||||||
RetailMeNot, Inc.* | 28,691 | 463,646 | ||||||
Ryland Group, Inc. (The) | 38,522 | 1,280,471 | ||||||
Strayer Education, Inc.* | 28,146 | 1,685,382 | ||||||
Tenneco, Inc.* | 35,031 | 1,832,472 | ||||||
Zoe’s Kitchen, Inc.*(a) | 5,009 | 154,077 | ||||||
|
| |||||||
24,891,790 | ||||||||
|
| |||||||
Consumer Staples 2.7% | ||||||||
Boulder Brands, Inc.* | 70,702 | 963,668 | ||||||
Hain Celestial Group, Inc. (The)* | 10,304 | 1,054,615 | ||||||
United Natural Foods, Inc.* | 33,661 | 2,068,805 | ||||||
|
| |||||||
4,087,088 | ||||||||
|
| |||||||
Energy 4.7% | ||||||||
C&J Energy Services, Inc.* | 51,402 | 1,570,331 | ||||||
Callon Petroleum Co.* | 114,651 | 1,010,075 | ||||||
Comstock Resources, Inc. | 24,224 | 451,051 | ||||||
Helix Energy Solutions Group, Inc.* | 30,651 | 676,161 | ||||||
Kodiak Oil & Gas Corp.* | 117,454 | 1,593,851 | ||||||
RigNet, Inc.* | 26,299 | 1,063,795 | ||||||
Willbros Group, Inc.* | 88,851 | 740,129 | ||||||
|
| |||||||
7,105,393 | ||||||||
|
| |||||||
Financials 8.6% | ||||||||
Cardtronics, Inc.* | 55,048 | 1,937,690 | ||||||
Cathay General Bancorp | 35,199 | 873,991 | ||||||
Encore Capital Group, Inc.*(a) | 45,098 | 1,998,292 | ||||||
Financial Engines, Inc.(a) | 43,240 | 1,479,457 | ||||||
MGIC Investment Corp.* | 157,492 | 1,230,012 | ||||||
Portfolio Recovery Associates, Inc.* | 66,244 | 3,459,924 |
Shares | Value($) | |||||||
Financials—continued | ||||||||
Radian Group, Inc. | 80,553 | 1,148,686 | ||||||
Stifel Financial Corp.* | 20,474 | 960,026 | ||||||
|
| |||||||
13,088,078 | ||||||||
|
| |||||||
Health Care 23.5% | ||||||||
ABIOMED, Inc.*(a) | 28,844 | 716,197 | ||||||
Acadia Healthcare Co., Inc.* | 25,286 | 1,226,371 | ||||||
Air Methods Corp.* | 31,198 | 1,733,049 | ||||||
Align Technology, Inc.* | 15,833 | 818,250 | ||||||
Anika Therapeutics, Inc.* | 14,537 | 532,926 | ||||||
Arena Pharmaceuticals, Inc.*(a) | 109,221 | 457,636 | ||||||
Auxilium Pharmaceuticals, Inc.*(a) | 25,459 | 759,951 | ||||||
AVANIR Pharmaceuticals, Inc.* | 178,758 | 2,130,795 | ||||||
Cambrex Corp.* | 39,306 | 734,236 | ||||||
Cepheid, Inc.*(a) | 29,555 | 1,301,307 | ||||||
Endologix, Inc.* | 55,494 | 588,236 | ||||||
Fluidigm Corp.* | 33,978 | 832,461 | ||||||
HealthSouth Corp. | 51,930 | 1,916,217 | ||||||
HeartWare International, Inc.* | 20,479 | 1,589,785 | ||||||
HMS Holdings Corp.* | 39,197 | 738,864 | ||||||
ICON PLC* | 34,398 | 1,968,598 | ||||||
Insmed, Inc.* | 29,917 | 390,417 | ||||||
Isis Pharmaceuticals, Inc.*(a) | 13,182 | 511,857 | ||||||
Keryx Biopharmaceuticals, Inc.*(a) | 90,696 | 1,247,070 | ||||||
Lannett Co., Inc.* | 22,413 | 1,023,826 | ||||||
LifePoint Hospitals, Inc.* | 37,028 | 2,561,967 | ||||||
Ligand Pharmaceuticals, Inc.* | 12,185 | 572,573 | ||||||
Medidata Solutions, Inc.* | 19,387 | 858,650 | ||||||
Neurocrine Biosciences, Inc.* | 41,439 | 649,349 | ||||||
NPS Pharmaceuticals, Inc.* | 36,755 | 955,630 | ||||||
NuVasive, Inc.* | 45,544 | 1,588,119 | ||||||
Omnicell, Inc.* | 49,273 | 1,346,631 | ||||||
Pacira Pharmaceuticals, Inc.* | 12,154 | 1,177,966 | ||||||
Puma Biotechnology, Inc.* | 7,027 | 1,676,431 | ||||||
Sangamo BioSciences, Inc.* | 40,176 | 433,298 | ||||||
Team Health Holdings, Inc.* | 47,486 | 2,753,713 | ||||||
|
| |||||||
35,792,376 | ||||||||
|
| |||||||
Industrials 17.0% | ||||||||
Allegiant Travel Co. | 16,507 | 2,041,256 | ||||||
Astronics Corp., CL B* | 3,687 | 175,152 | ||||||
Astronics Corp.* | 18,437 | 879,076 | ||||||
Badger Meter, Inc. | 12,545 | 632,895 | ||||||
Chart Industries, Inc.*(a) | 13,187 | 806,121 | ||||||
Corporate Executive Board Co. (The) | 15,404 | 925,318 | ||||||
EMCOR Group, Inc. | 24,657 | 985,294 | ||||||
H&E Equipment Services, Inc. | 46,012 | 1,853,363 | ||||||
HEICO Corp. | 33,687 | 1,573,183 |
See Notes to Financial Statements.
25
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Small Cap Growth Stock Fund — concluded
Shares | Value($) | |||||||
Industrials—continued | ||||||||
Hub Group, Inc., Cl A* | 34,951 | 1,416,564 | ||||||
JetBlue Airways Corp.*(a) | 86,690 | 920,648 | ||||||
Kforce, Inc. | 89,830 | 1,757,973 | ||||||
MSA Safety, Inc. | 13,563 | 670,012 | ||||||
Mueller Water Products, Inc., Cl A | 111,166 | 920,455 | ||||||
Powell Industries, Inc. | 25,172 | 1,028,528 | ||||||
Power Solutions International, Inc.*(a) | 9,899 | 683,031 | ||||||
Proto Labs, Inc.* | 16,895 | 1,165,755 | ||||||
Rexnord Corp.* | 38,180 | 1,086,221 | ||||||
Simpson Manufacturing Co., Inc. | 40,875 | 1,191,506 | ||||||
TrueBlue, Inc.* | 47,927 | 1,210,636 | ||||||
Universal Forest Products, Inc. | 24,546 | 1,048,360 | ||||||
USG Corp.*(a) | 44,176 | 1,214,398 | ||||||
Woodward, Inc. | 37,437 | 1,782,750 | ||||||
|
| |||||||
25,968,495 | ||||||||
|
| |||||||
Information Technology 22.7% | ||||||||
Aspen Technology, Inc.* | 49,847 | 1,880,229 | ||||||
Bottomline Technologies, Inc.* | 69,575 | 1,919,574 | ||||||
ChannelAdvisor Corp.*(a) | 38,832 | 636,845 | ||||||
CommVault Systems, Inc.* | 14,938 | 752,875 | ||||||
Cornerstone OnDemand, Inc.* | 46,154 | 1,588,159 | ||||||
Demandware, Inc.* | 21,707 | 1,105,320 | ||||||
Ellie Mae, Inc.* | 47,975 | 1,563,985 | ||||||
FleetMatics Group PLC*(a) | 21,859 | 666,700 | ||||||
Guidewire Software, Inc.* | 35,051 | 1,554,161 | ||||||
Heartland Payment Systems, Inc.(a) | 37,269 | 1,778,477 | ||||||
Imperva, Inc.* | 32,414 | 931,254 | ||||||
Integrated Device Technology, Inc.* | 117,147 | 1,868,495 | ||||||
Littelfuse, Inc. | 10,535 | 897,371 | ||||||
Manhattan Associates, Inc.* | 31,840 | 1,064,093 | ||||||
Marketo, Inc.*(a) | 50,571 | 1,633,443 | ||||||
MAXIMUS, Inc. | 53,519 | 2,147,718 | ||||||
Proofpoint, Inc.* | 44,607 | 1,656,704 | ||||||
PROS Holdings, Inc.* | 17,906 | 451,231 | ||||||
QLIK Technologies, Inc.* | 64,892 | 1,754,680 | ||||||
Qualys, Inc.* | 52,649 | 1,400,463 | ||||||
SciQuest, Inc.* | 41,258 | 620,520 | ||||||
Synaptics, Inc.* | 16,348 | 1,196,674 | ||||||
Ultimate Software Group, Inc.* | 19,824 | 2,805,294 | ||||||
Universal Display Corp.*(a) | 44,887 | 1,465,112 | ||||||
Yelp, Inc.* | 17,657 | 1,205,090 | ||||||
|
| |||||||
34,544,467 | ||||||||
|
|
Shares | Value($) | |||||||
Materials 3.3% | ||||||||
Flotek Industries, Inc.* | 62,345 | 1,625,334 | ||||||
Globe Specialty Metals, Inc. | 49,459 | 899,659 | ||||||
Headwaters, Inc.* | 115,007 | 1,442,188 | ||||||
Stillwater Mining Co.* | 74,055 | 1,113,047 | ||||||
|
| |||||||
5,080,228 | ||||||||
|
| |||||||
Telecommunication Services 0.9% |
| |||||||
8x8, Inc.* | 207,555 | 1,386,467 | ||||||
|
| |||||||
Total Common Stocks | 151,944,382 | |||||||
|
| |||||||
Short-Term Investment 11.1% | ||||||||
RidgeWorth Funds Securities Lending Joint Account(b) | 16,863,900 | 16,863,900 | ||||||
|
| |||||||
Total Short-Term Investment | 16,863,900 | |||||||
|
| |||||||
Money Market Fund 0.6% | ||||||||
State Street Institutional Liquid Reserves Fund, Institutional Class, 0.09%(c) | 852,384 | 852,384 | ||||||
|
| |||||||
Total Money Market Fund | 852,384 | |||||||
|
| |||||||
Total Investments |
| 169,660,666 | ||||||
Liabilities in Excess of Other Assets — (11.4)% | (17,310,577 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 152,350,089 | ||||||
|
|
* | Non-income producing security. |
(a) | The security or a partial position of the security was on loan as of September 30, 2014. The total value of securities on loan as of September 30, 2014 was $16,248,450. |
(b) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2014 (See Note 2(h)). |
(c) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
See Notes to Financial Statements.
26
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Small Cap Value Equity Fund
Shares | Value($) | |||||||
Common Stocks 99.4% | ||||||||
Consumer Discretionary 22.9% |
| |||||||
AMC Entertainment Holdings, Inc., Cl A | 1,474,940 | 33,908,870 | ||||||
Arcos Dorados Holdings, Inc., Cl A | 1,587,670 | 9,494,267 | ||||||
Brunswick Corp. | 251,250 | 10,587,675 | ||||||
Cheesecake Factory, Inc. (The) | 121,000 | 5,505,500 | ||||||
Chico’s FAS, Inc. | 1,608,200 | 23,753,114 | ||||||
CST Brands, Inc. | 692,760 | 24,904,722 | ||||||
Destination Maternity Corp. | 147,579 | 2,278,620 | ||||||
Einstein Noah Restaurant Group, Inc. | 112,720 | 2,272,435 | ||||||
Guess?, Inc. | 1,595,254 | 35,047,730 | ||||||
HSN, Inc. | 914,860 | 56,144,958 | ||||||
Lithia Motors, Inc., Cl A | 270,860 | 20,501,393 | ||||||
Matthews International Corp., Cl A | 287,940 | 12,637,687 | ||||||
Meredith Corp. | 502,390 | 21,502,292 | ||||||
NutriSystem, Inc. | 417,080 | 6,410,520 | ||||||
Ruth’s Hospitality Group, Inc. | 272,570 | 3,009,173 | ||||||
Scholastic Corp. | 491,390 | 15,881,725 | ||||||
Sonic Automotive, Inc., Cl A | 737,870 | 18,085,194 | ||||||
Sotheby’s | 246,100 | 8,790,692 | ||||||
Thor Industries, Inc. | 620,480 | 31,954,720 | ||||||
|
| |||||||
342,671,287 | ||||||||
|
| |||||||
Consumer Staples 1.1% | ||||||||
WD-40 Co. | 231,190 | 15,711,672 | ||||||
|
| |||||||
Energy 5.8% | ||||||||
Bristow Group, Inc. | 494,560 | 33,234,432 | ||||||
CARBO Ceramics, Inc. | 450,150 | 26,662,385 | ||||||
LinnCo LLC | 131,092 | 3,795,113 | ||||||
Patterson-UTI Energy, Inc. | 295,290 | 9,605,784 | ||||||
Tidewater, Inc. | 330,580 | 12,902,537 | ||||||
|
| |||||||
86,200,251 | ||||||||
|
| |||||||
Financials 27.2% | ||||||||
Alexander & Baldwin, Inc. | 419,510 | 15,089,775 | ||||||
Banco Latinoamericano de Expectaciones SA, Cl E | 231,770 | 7,110,704 | ||||||
Bank of Hawaii Corp. | 381,140 | 21,652,563 | ||||||
Campus Crest Communities, Inc., REIT | 961,460 | 6,153,344 | ||||||
CareTrust REIT, Inc.* | 178,570 | 2,553,551 | ||||||
Cash America International, Inc. | 873,360 | 38,253,168 | ||||||
Cohen & Steers, Inc. | 316,100 | 12,150,884 | ||||||
CubeSmart, REIT | 2,313,530 | 41,597,269 | ||||||
Evercore Partners, Inc., Cl A | 516,820 | 24,290,540 | ||||||
Hanover Insurance Group, Inc. (The) | 627,370 | 38,533,065 | ||||||
HCC Insurance Holdings, Inc. | 507,250 | 24,495,103 |
Shares | Value($) | |||||||
Financials—continued | ||||||||
Horace Mann Educators Corp. | 548,000 | 15,623,480 | ||||||
JMP Group, Inc. | 478,419 | 2,999,687 | ||||||
Medical Properties Trust, Inc., REIT | 1,184,930 | 14,527,242 | ||||||
Monmouth Real Estate Investment Corp., Cl A REIT | 99,650 | 1,008,458 | ||||||
Oppenheimer Holdings, Inc., Cl A | 175,510 | 3,554,078 | ||||||
Parkway Properties, Inc., REIT | 1,462,350 | 27,462,933 | ||||||
Post Properties, Inc., REIT | 460,350 | 23,634,369 | ||||||
StanCorp Financial Group, Inc. | 907,320 | 57,324,478 | ||||||
Trust Co Bank Corp. NY | 367,650 | 2,367,666 | ||||||
UMB Financial Corp. | 466,950 | 25,472,122 | ||||||
|
| |||||||
405,854,479 | ||||||||
|
| |||||||
Health Care 5.2% | ||||||||
Ensign Group, Inc. | 178,570 | 6,214,236 | ||||||
Hill-Rom Holdings, Inc. | 440,330 | 18,242,872 | ||||||
Landauer, Inc. | 287,240 | 9,481,792 | ||||||
STERIS Corp. | 798,607 | 43,092,834 | ||||||
|
| |||||||
77,031,734 | ||||||||
|
| |||||||
Industrials 23.9% | ||||||||
AAR Corp. | 500,270 | 12,081,520 | ||||||
ABM Industries, Inc. | 583,700 | 14,995,253 | ||||||
Barnes Group, Inc. | 82,900 | 2,516,015 | ||||||
China Yuchai International Ltd. | 106,390 | 1,972,471 | ||||||
CLARCOR, Inc. | 460,950 | 29,076,726 | ||||||
EMCOR Group, Inc. | 497,140 | 19,865,714 | ||||||
Granite Construction, Inc. | 282,440 | 8,984,416 | ||||||
Great Lakes Dredge & Dock Corp.* | 971,460 | 6,003,623 | ||||||
Grupo Aeroportuario del Pacifico SA de CV SP ADR | 187,876 | 12,670,357 | ||||||
Herman Miller, Inc. | 1,217,480 | 36,341,778 | ||||||
Interface, Inc. | 2,004,461 | 32,352,001 | ||||||
Kelly Services, Inc., Cl A | 570,710 | 8,943,026 | ||||||
Knoll, Inc. | 862,800 | 14,935,068 | ||||||
Luxfer Holdings PLC ADR | 466,410 | 8,050,237 | ||||||
Macquarie Infrastructure Co. LLC | 299,040 | 19,945,968 | ||||||
Manitowoc Co., Inc. (The) | 283,410 | 6,645,965 | ||||||
MSA Safety, Inc. | 346,440 | 17,114,136 | ||||||
Mueller Water Products, Inc., Cl A | 2,639,930 | 21,858,620 | ||||||
Progressive Waste Solutions Ltd. | 1,882,864 | 48,521,405 | ||||||
Ritchie Bros Auctioneers, Inc. | 346,240 | 7,752,314 | ||||||
Sun Hydraulics Corp. | 44,720 | 1,681,025 | ||||||
TAL International Group, Inc.* | 197,970 | 8,166,263 | ||||||
Tennant Co. | 107,980 | 7,244,378 |
See Notes to Financial Statements.
27
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Small Cap Value Equity Fund — concluded
Shares | Value($) | |||||||
Industrials—continued | ||||||||
Viad Corp. | 467,690 | 9,657,798 | ||||||
|
| |||||||
357,376,077 | ||||||||
|
| |||||||
Information Technology 6.1% | ||||||||
Black Box Corp. | 240,400 | 5,606,128 | ||||||
Daktronics, Inc. | 1,127,850 | 13,861,276 | ||||||
Fair Isaac Corp. | 663,950 | 36,583,645 | ||||||
Plantronics, Inc. | 722,060 | 34,500,027 | ||||||
|
| |||||||
90,551,076 | ||||||||
|
| |||||||
Materials 6.0% | ||||||||
A. Schulman, Inc. | 315,400 | 11,404,864 | ||||||
Cabot Corp. | 714,270 | 36,263,488 | ||||||
Carpenter Technology Corp. | 339,100 | 15,310,365 | ||||||
Globe Specialty Metals, Inc. | 120,570 | 2,193,168 | ||||||
Haynes International, Inc. | 148,730 | 6,840,093 | ||||||
Hecla Mining Co. | 7,249,640 | 17,979,107 | ||||||
|
| |||||||
89,991,085 | ||||||||
|
| |||||||
Utilities 1.2% | ||||||||
ALLETE, Inc. | 32,440 | 1,440,012 | ||||||
Avista Corp. | 54,890 | 1,675,792 | ||||||
California Water Service Group | 688,790 | 15,456,447 | ||||||
|
| |||||||
18,572,251 | ||||||||
|
| |||||||
Total Common Stocks | 1,483,959,912 | |||||||
|
|
Shares | Value($) | |||||||
Money Market Fund 0.5% | ||||||||
State Street Institutional Liquid Reserves Fund, Institutional Class, 0.09%(a) | 7,981,597 | 7,981,597 | ||||||
|
| |||||||
Total Money Market Fund | 7,981,597 | |||||||
|
| |||||||
Total Investments |
| 1,491,941,509 | ||||||
Other Assets in Excess of | 1,125,340 | |||||||
|
| |||||||
Net Assets — 100.0% | $ | 1,493,066,849 | ||||||
|
|
* | Non-income producing security. |
(a) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
Investment Abbreviations
ADR | — | American Depositary Receipt | ||
REIT | — | Real Estate Investment Trust | ||
SP ADR | — | Sponsored American Depositary Receipt |
See Notes to Financial Statements.
28
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Aggressive Growth Allocation Strategy
Shares | Value($) | |||||||
Equity Funds 70.2% | ||||||||
RidgeWorth International Equity Fund(a) | 65,129 | 762,665 | ||||||
RidgeWorth International Equity Index Fund(a) | 2,362 | 12,873 | ||||||
RidgeWorth Large Cap Growth Stock Fund(b) | 417,846 | 4,232,782 | ||||||
RidgeWorth Large Cap Value Equity Fund(b) | 173,440 | 3,082,024 | ||||||
RidgeWorth Mid-Cap Value Equity Fund(b) | 89,268 | 1,288,144 | ||||||
RidgeWorth Select Large Cap Growth Stock Fund(a) | 1,044 | 30,834 | ||||||
RidgeWorth Small Cap Growth Stock Fund(b) | 32,897 | 504,636 | ||||||
RidgeWorth Small Cap Value Equity Fund(a) | 29,173 | 484,566 | ||||||
|
| |||||||
Total Equity Funds | 10,398,524 | |||||||
|
| |||||||
Fixed Income Funds 11.0% | ||||||||
RidgeWorth Corporate Bond Fund(a) | 120 | 1,070 | ||||||
RidgeWorth High Income Fund(b) | 13,709 | 97,195 | ||||||
RidgeWorth Intermediate Bond Fund(a) | 50 | 493 | ||||||
RidgeWorth Seix Floating Rate High Income Fund(a) | 11,991 | 106,963 | ||||||
RidgeWorth Seix High Yield Fund(a) | 10,269 | 100,024 | ||||||
RidgeWorth Total Return Bond Fund(b) | 118,376 | 1,247,685 | ||||||
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund(a) | 8,249 | 83,644 | ||||||
|
| |||||||
Total Fixed Income Funds | 1,637,074 | |||||||
|
| |||||||
Exchange Traded Funds 17.7% | ||||||||
Consumer Discretionary Select Sector SPDR Fund | 1,068 | 71,225 | ||||||
Consumer Staples Select Sector SPDR Fund | 917 | 41,366 | ||||||
Energy Select Sector SPDR Fund | 805 | 72,949 | ||||||
Financial Select Sector SPDR Fund | 4,758 | 110,243 |
Shares | Value($) | |||||||
Exchange Traded Funds—continued |
| |||||||
Health Care Select Sector SPDR Fund | 1,590 | 101,617 | ||||||
Industrial Select Sector SPDR Fund | 1,357 | 72,124 | ||||||
iShares Barclays 20+ Year Treasury Bond Fund | 409 | 47,554 | ||||||
iShares Barclays U.S. Treasury Inflation Protected Securities Fund | 178 | 19,948 | ||||||
iShares Core S&P 500 Fund | 5,626 | 1,115,411 | ||||||
iShares Core U.S. Aggregate Bond Fund | 2,689 | 293,397 | ||||||
iShares Dow Jones U.S. Real Estate Index Fund | 148 | 10,242 | ||||||
iShares MSCI EAFE Fund | 3,620 | 232,114 | ||||||
iShares MSCI Emerging Markets Index Fund | 5,778 | 240,134 | ||||||
iShares Russell 2000 Index Fund | 93 | 10,170 | ||||||
Market Vectors Gold Miners Fund | 101 | 2,156 | ||||||
Materials Select Sector SPDR Fund | 517 | 25,638 | ||||||
Technology Select Sector SPDR Fund | 3,736 | 149,104 | ||||||
Utilities Select Sector SPDR Fund | 116 | 4,882 | ||||||
|
| |||||||
Total Exchange Traded Funds | 2,620,274 | |||||||
|
| |||||||
Total Investments | 14,655,872 | |||||||
Other Assets in Excess of | 163,052 | |||||||
|
| |||||||
Net Assets — 100.0% | $ | 14,818,924 | ||||||
|
|
(a) | Affiliated investments. Investments are in each Fund’s I Shares. |
(b) | Affiliated investments. Investments are in each Fund’s IS Shares. |
Investment Abbreviations
MSCI | — | Morgan Stanley Capital International | ||
SPDR | — | Standard & Poor’s Depositary Receipt |
See Notes to Financial Statements.
29
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Conservative Allocation Strategy
Shares | Value($) | |||||||
Equity Funds 28.3% | ||||||||
RidgeWorth International Equity Fund(a) | 113,171 | 1,325,232 | ||||||
RidgeWorth International Equity Index Fund(a) | 3,916 | 21,343 | ||||||
RidgeWorth Large Cap Growth Stock Fund(b) | 727,724 | 7,371,840 | ||||||
RidgeWorth Large Cap Value Equity Fund(b) | 304,801 | 5,416,315 | ||||||
RidgeWorth Mid-Cap Value Equity Fund(b) | 154,906 | 2,235,297 | ||||||
RidgeWorth Select Large Cap Growth Stock Fund(a) | 3,711 | 109,596 | ||||||
RidgeWorth Small Cap Growth Stock Fund(b) | 55,257 | 847,649 | ||||||
RidgeWorth Small Cap Value Equity Fund(a) | 49,700 | 825,509 | ||||||
|
| |||||||
Total Equity Funds | 18,152,781 | |||||||
|
| |||||||
Fixed Income Funds 52.5% | ||||||||
RidgeWorth Corporate Bond Fund(a) | 2,007 | 17,865 | ||||||
RidgeWorth High Income Fund(b) | 284,830 | 2,019,446 | ||||||
RidgeWorth Intermediate Bond Fund(a) | 837 | 8,191 | ||||||
RidgeWorth Seix Floating Rate High Income Fund(a) | 249,497 | 2,225,514 | ||||||
RidgeWorth Seix High Yield Fund(a) | 214,304 | 2,087,324 | ||||||
RidgeWorth Total Return Bond Fund(b) | 2,425,808 | 25,568,017 | ||||||
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund(a) | 172,225 | 1,746,363 | ||||||
|
| |||||||
Total Fixed Income Funds | 33,672,720 | |||||||
|
| |||||||
Exchange Traded Funds 18.3% | ||||||||
Consumer Discretionary Select Sector SPDR Fund | 1,223 | 81,562 | ||||||
Consumer Staples Select Sector SPDR Fund | 1,057 | 47,681 | ||||||
Energy Select Sector SPDR Fund | 956 | 86,633 | ||||||
Financial Select Sector SPDR Fund | 5,637 | 130,609 | ||||||
Health Care Select Sector SPDR Fund | 1,901 | 121,493 | ||||||
Industrial Select Sector SPDR Fund | 1,574 | 83,658 |
Shares | Value($) | |||||||
Exchange Traded Funds—continued |
| |||||||
iShares Barclays 20+ Year Treasury Bond Fund | 8,547 | 993,760 | ||||||
iShares Barclays U.S. Treasury Inflation Protected Securities Fund | 3,759 | 421,271 | ||||||
iShares Core S&P 500 Fund | 10,869 | 2,154,888 | ||||||
iShares Core U.S. Aggregate Bond Fund | 59,654 | 6,508,848 | ||||||
iShares Dow Jones U.S. Real Estate Index Fund | 244 | 16,885 | ||||||
iShares MSCI EAFE Fund | 6,292 | 403,443 | ||||||
iShares MSCI Emerging Markets Index Fund | 10,047 | 417,553 | ||||||
iShares Russell 2000 Index Fund | 573 | 62,657 | ||||||
Market Vectors Gold Miners Fund | 193 | 4,121 | ||||||
Materials Select Sector SPDR Fund | 584 | 28,961 | ||||||
Technology Select Sector SPDR Fund | 4,483 | 178,916 | ||||||
Utilities Select Sector SPDR Fund | 171 | 7,197 | ||||||
|
| |||||||
Total Exchange Traded Funds | 11,750,136 | |||||||
|
| |||||||
Money Market Fund 0.9% | ||||||||
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(c) | 545,857 | 545,857 | ||||||
|
| |||||||
Total Money Market Fund | 545,857 | |||||||
|
| |||||||
Total Investments | 64,121,494 | |||||||
Liabilities in Excess of Other | (6,891 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 64,114,603 | ||||||
|
|
(a) | Affiliated investments. Investments are in each Fund’s I Shares. |
(b) | Affiliated investments. Investments are in each Fund’s IS Shares. |
(c) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
(d) | Less than 0.05% of Net Assets. |
Investment Abbreviations
MSCI | — | Morgan Stanley Capital International | ||
SPDR | — | Standard & Poor’s Depositary Receipt |
See Notes to Financial Statements.
30
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Growth Allocation Strategy
Shares | Value($) | |||||||
Equity Funds 62.1% | ||||||||
RidgeWorth International Equity Fund(a) | 246,073 | 2,881,509 | ||||||
RidgeWorth International Equity Index Fund(a) | 8,702 | 47,427 | ||||||
RidgeWorth Large Cap Growth Stock Fund(b) | 1,582,233 | 16,028,017 | ||||||
RidgeWorth Large Cap Value Equity Fund(b) | 659,752 | 11,723,790 | ||||||
RidgeWorth Mid-Cap Value Equity Fund(b) | 336,872 | 4,861,065 | ||||||
RidgeWorth Select Large Cap Growth Stock Fund(a) | 6,224 | 183,799 | ||||||
RidgeWorth Small Cap Growth Stock Fund(b) | 119,971 | 1,840,357 | ||||||
RidgeWorth Small Cap Value Equity Fund(a) | 107,918 | 1,792,522 | ||||||
|
| |||||||
Total Equity Funds | 39,358,486 | |||||||
|
| |||||||
Fixed Income Funds 19.3% | ||||||||
RidgeWorth Corporate Bond Fund(a) | 705 | 6,277 | ||||||
RidgeWorth High Income Fund(b) | 103,525 | 733,990 | ||||||
RidgeWorth Intermediate Bond Fund(a) | 164 | 1,608 | ||||||
RidgeWorth Seix Floating Rate High Income Fund(a) | 90,700 | 809,040 | ||||||
RidgeWorth Seix High Yield Fund(a) | 77,943 | 759,169 | ||||||
RidgeWorth Total Return Bond Fund(b) | 882,012 | 9,296,406 | ||||||
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund(a) | 62,653 | 635,297 | ||||||
|
| |||||||
Total Fixed Income Funds | 12,241,787 | |||||||
|
| |||||||
Exchange Traded Funds 17.8% | ||||||||
Consumer Discretionary Select Sector SPDR Fund | 3,080 | 205,405 | ||||||
Consumer Staples Select Sector SPDR Fund | 2,830 | 127,661 | ||||||
Energy Select Sector SPDR Fund | 2,427 | 219,935 | ||||||
Financial Select Sector SPDR Fund | 14,409 | 333,857 | ||||||
Health Care Select Sector SPDR Fund | 4,885 | 312,200 | ||||||
Industrial Select Sector SPDR Fund | 4,098 | 217,809 |
Shares | Value($) | |||||||
Exchange Traded Funds—continued |
| |||||||
iShares Barclays 20+ Year Treasury Bond Fund | 3,112 | 361,832 | ||||||
iShares Barclays U.S. Treasury Inflation Protected Securities Fund | 1,362 | 152,639 | ||||||
iShares Core S&P 500 Fund | 22,671 | 4,494,753 | ||||||
iShares Core U.S. Aggregate Bond Fund | 21,701 | 2,367,796 | ||||||
iShares Dow Jones U.S. Real Estate Index Fund | 534 | 36,953 | ||||||
iShares MSCI EAFE Fund | 13,699 | 878,380 | ||||||
iShares MSCI Emerging Markets Index Fund | 21,780 | 905,177 | ||||||
iShares Russell 2000 Index Fund | 1,303 | 142,483 | ||||||
Market Vectors Gold Miners Fund | 293 | 6,256 | ||||||
Materials Select Sector SPDR Fund | 1,409 | 69,872 | ||||||
Technology Select Sector SPDR Fund | 11,343 | 452,699 | ||||||
Utilities Select Sector SPDR Fund | 416 | 17,509 | ||||||
|
| |||||||
Total Exchange Traded Funds | 11,303,216 | |||||||
|
| |||||||
Money Market Fund 0.9% | ||||||||
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(c) | 588,878 | 588,878 | ||||||
|
| |||||||
Total Money Market Fund | 588,878 | |||||||
|
| |||||||
Total Investments | 63,492,367 | |||||||
Liabilities in Excess of Other | (49,354 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 63,443,013 | ||||||
|
|
(a) | Affiliated investments. Investments are in each Fund’s I Shares. |
(b) | Affiliated investments. Investments are in each Fund’s IS Shares. |
(c) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
Investment Abbreviations
MSCI | — | Morgan Stanley Capital International | ||
SPDR | — | Standard & Poor’s Depositary Receipt |
See Notes to Financial Statements.
31
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Moderate Allocation Strategy
Shares | Value($) | |||||||
Equity Funds 45.4% | ||||||||
RidgeWorth International Equity Fund(a) | 369,754 | 4,329,824 | ||||||
RidgeWorth International Equity Index Fund(a) | 13,347 | 72,740 | ||||||
RidgeWorth Large Cap Growth Stock Fund(b) | 2,394,427 | 24,255,546 | ||||||
RidgeWorth Large Cap Value Equity Fund(b) | 998,229 | 17,738,530 | ||||||
RidgeWorth Mid-Cap Value Equity Fund(b) | 505,998 | 7,301,548 | ||||||
RidgeWorth Select Large Cap Growth Stock Fund(a) | 6,553 | 193,508 | ||||||
RidgeWorth Small Cap Growth Stock Fund(b) | 179,606 | 2,755,163 | ||||||
RidgeWorth Small Cap Value Equity Fund(a) | 159,910 | 2,656,113 | ||||||
|
| |||||||
Total Equity Funds | 59,302,972 | |||||||
|
| |||||||
Fixed Income Funds 36.0% | ||||||||
RidgeWorth Corporate Bond Fund(a) | 1,045 | 9,300 | ||||||
RidgeWorth High Income Fund(b) | 397,027 | 2,814,922 | ||||||
RidgeWorth Intermediate Bond Fund(a) | 1,362 | 13,334 | ||||||
RidgeWorth Seix Floating Rate High Income Fund(a) | 347,743 | 3,101,869 | ||||||
RidgeWorth Seix High Yield Fund(a) | 298,962 | 2,911,891 | ||||||
RidgeWorth Total Return Bond Fund(b) | 3,381,486 | 35,640,859 | ||||||
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund(a) | 240,341 | 2,437,061 | ||||||
|
| |||||||
Total Fixed Income Funds | 46,929,236 | |||||||
|
| |||||||
Exchange Traded Funds 18.0% | ||||||||
Consumer Discretionary Select Sector SPDR Fund | 4,915 | 327,781 | ||||||
Consumer Staples Select Sector SPDR Fund | 4,422 | 199,476 | ||||||
Energy Select Sector SPDR Fund | 3,971 | 359,852 | ||||||
Financial Select Sector SPDR Fund | 23,236 | 538,378 | ||||||
Health Care Select Sector SPDR Fund | 7,828 | 500,288 | ||||||
Industrial Select Sector SPDR Fund | 6,615 | 351,587 |
Shares | Value($) | |||||||
Exchange Traded Funds—continued |
| |||||||
iShares Barclays 20+ Year Treasury Bond Fund | 11,931 | 1,387,217 | ||||||
iShares Barclays U.S. Treasury Inflation Protected Securities Fund | 5,275 | 591,169 | ||||||
iShares Core S&P 500 Fund | 31,799 | 6,304,470 | ||||||
iShares Core U.S. Aggregate Bond Fund | 83,098 | 9,066,823 | ||||||
iShares Dow Jones U.S. Real Estate Index Fund | 795 | 55,014 | ||||||
iShares MSCI EAFE Fund | 20,563 | 1,318,500 | ||||||
iShares MSCI Emerging Markets Index Fund | 32,745 | 1,360,882 | ||||||
iShares Russell 2000 Index Fund | 2,327 | 254,458 | ||||||
Market Vectors Gold Miners Fund | 484 | 10,333 | ||||||
Materials Select Sector SPDR Fund | 2,537 | 125,810 | ||||||
Technology Select Sector SPDR Fund | 18,494 | 738,096 | ||||||
Utilities Select Sector SPDR Fund | �� | 534 | 22,476 | |||||
|
| |||||||
Total Exchange Traded Funds | 23,512,610 | |||||||
|
| |||||||
Money Market Fund 0.8% | ||||||||
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(c) | 1,096,923 | 1,096,923 | ||||||
|
| |||||||
Total Money Market Fund | 1,096,923 | |||||||
|
| |||||||
Total Investments |
| 130,841,741 | ||||||
Liabilities in Excess of Other | (289,231 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 130,552,510 | ||||||
|
|
(a) | Affiliated investments. Investments are in each Fund’s I Shares. |
(b) | Affiliated investments. Investments are in each Fund’s IS Shares. |
(c) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
Investment Abbreviations
MSCI | — | Morgan Stanley Capital International | ||
SPDR | — | Standard & Poor’s Depositary Receipt |
See Notes to Financial Statements.
32
Table of Contents
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Aggressive Growth Stock Fund | International Equity Fund | International Equity Index Fund | Large Cap Growth Stock Fund | Large Cap Value Equity Fund | ||||||||||||||||
Assets: | ||||||||||||||||||||
Total Investments, at Cost | $39,361,346 | $19,420,414 | $32,296,429 | $151,176,187 | $1,809,477,218 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Investments, at Value* | $55,823,961 | $24,255,965 | $51,526,539 | $268,175,537 | $2,291,866,015 | |||||||||||||||
Interest and Dividends Receivable | 4,013 | 67,059 | 119,506 | 90,363 | 3,649,293 | |||||||||||||||
Securities Lending Income Receivable | — | — | 672 | 9,886 | 29 | |||||||||||||||
Foreign Currency, at Value (Cost $—, $251,363, $1,308,862, $— and $—, respectively) | — | 249,899 | 1,306,191 | — | — | |||||||||||||||
Receivable for Capital Shares Issued | 43,177 | 29,090 | 178,930 | 66,353 | 4,228,569 | |||||||||||||||
Receivable for Investment Securities Sold | 207,295 | 100,089 | 26,172 | 4,991,032 | 41,829,025 | |||||||||||||||
Reclaims Receivable | — | 162,055 | 105,213 | — | — | |||||||||||||||
Receivable from Investment Adviser | 817 | 4,210 | 38,701 | 15,481 | 210,987 | |||||||||||||||
Prepaid Expenses and Other Assets | 17,608 | 20,979 | 17,556 | 40,159 | 91,019 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Assets | 56,096,871 | 24,889,346 | 53,319,480 | 273,388,811 | 2,341,874,937 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Liabilities: | ||||||||||||||||||||
Payable for Investment Securities Purchased | 292,995 | 107 | 1,714,731 | — | 12,046,232 | |||||||||||||||
Payable for Capital Shares Redeemed | 19,632 | 12,267 | 81,777 | 309,160 | 13,961,945 | |||||||||||||||
Payable Upon Return of Securities Loaned | — | — | 735,370 | 2,638,000 | — | |||||||||||||||
Line of Credit Payable | — | 658,234 | — | 751,879 | — | |||||||||||||||
Investment Advisory Fees Payable | 40,130 | 19,726 | 18,684 | 158,967 | 1,262,448 | |||||||||||||||
Compliance and Fund Services Fees Payable | 1,034 | 507 | 909 | 5,239 | 39,603 | |||||||||||||||
Distribution and Service Fees Payable | 4,578 | 1,166 | 634 | 44,030 | 121,978 | |||||||||||||||
Trustee Fees Payable | 104 | 10 | 30 | 354 | 785 | |||||||||||||||
Other Accrued Expenses | 28,705 | 23,170 | 152,672 | 136,165 | 1,639,568 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Liabilities | 387,178 | 715,187 | 2,704,807 | 4,043,794 | 29,072,559 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Net Assets | $55,709,693 | $24,174,159 | $50,614,673 | $269,345,017 | $2,312,802,378 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets Consist of: | ||||||||||||||||||||
Capital | $40,866,027 | $19,151,122 | $28,563,363 | $136,341,223 | $1,630,407,974 | |||||||||||||||
Accumulated Net Investment Income (Loss) | (469,210 | ) | 557,989 | 614,296 | (321,034 | ) | 22,240,170 | |||||||||||||
Accumulated Net Realized Gain (Loss) from Investments and Foreign Currency Transactions | (1,149,739 | ) | (375,404 | ) | 2,215,930 | 16,325,478 | 177,765,437 | |||||||||||||
Net Unrealized Appreciation on Investments and Foreign Currencies | 16,462,615 | 4,840,452 | 19,221,084 | 116,999,350 | 482,388,797 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets | $55,709,693 | $24,174,159 | $50,614,673 | $269,345,017 | $2,312,802,378 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets: | ||||||||||||||||||||
I Shares | $37,951,255 | $19,616,618 | $48,174,612 | $120,530,303 | $1,834,493,289 | |||||||||||||||
A Shares | 17,758,438 | 4,557,541 | 2,440,061 | 63,880,099 | 419,570,190 | |||||||||||||||
C Shares | — | — | — | 33,021,959 | 20,771,685 | |||||||||||||||
IS Shares | — | — | — | 51,912,656 | 37,967,214 | |||||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value) | ||||||||||||||||||||
I Shares | 1,704,900 | 1,675,792 | 8,837,131 | 11,897,695 | 103,265,384 | |||||||||||||||
A Shares | 824,228 | 393,111 | 458,802 | 7,333,685 | 23,812,935 | |||||||||||||||
C Shares | — | — | — | 5,024,887 | 1,203,941 | |||||||||||||||
IS Shares | — | — | — | 5,122,530 | 2,136,393 | |||||||||||||||
Net Asset Value and Redemption Price Per Share: | ||||||||||||||||||||
I Shares | $22.26 | $11.71 | $5.45 | $10.13 | $17.76 | |||||||||||||||
A Shares | 21.55 | 11.59 | 5.32 | 8.71 | 17.62 | |||||||||||||||
C Shares(a) | — | — | — | 6.57 | 17.25 | |||||||||||||||
IS Shares | — | — | — | 10.13 | 17.77 | |||||||||||||||
Offering Price per Share (100%/(100%-maximum sales charge x net asset value) adjusted to the nearest cent): | ||||||||||||||||||||
A Shares | $22.86 | $12.30 | $5.64 | $9.24 | $18.69 | |||||||||||||||
Maximum Sales Charge — A Shares | 5.75 | % | 5.75 | % | 5.75 | % | 5.75 | % | 5.75 | % |
* | Investments include securities on loan of $—, $—, $711,952, $2,523,785 and $—, respectively. |
(a) | Redemption price per share varies based on length of time shares are held. |
See Notes to Financial Statements.
33
Table of Contents
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Mid-Cap Value Equity Fund | Select Large Cap Growth Stock Fund | Small Cap Growth Stock Fund | Small Cap Value Equity Fund | |||||||||||||
Assets: | ||||||||||||||||
Total Investments, at Cost | $3,711,848,412 | $12,435,081 | $147,522,258 | $1,234,395,092 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments, at Value | $4,123,636,097 | $18,716,211 | $169,660,666 | $1,491,941,509 | ||||||||||||
Interest and Dividends Receivable | 3,730,922 | 5,574 | 29,945 | 2,449,088 | ||||||||||||
Securities Lending Income Receivable | 11,875 | — | 8,125 | — | ||||||||||||
Receivable for Capital Shares Issued | 3,537,478 | 200 | 74,585 | 2,181,407 | ||||||||||||
Receivable for Investment Securities Sold | 50,185,441 | — | — | 584,998 | ||||||||||||
Reclaims Receivable | — | — | — | 44,701 | ||||||||||||
Receivable from Investment Adviser | — | 2,229 | 3,310 | — | ||||||||||||
Prepaid Expenses and Other Assets | 144,893 | 15,973 | 36,093 | 60,927 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Assets | 4,181,246,706 | 18,740,187 | 169,812,724 | 1,497,262,630 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Liabilities: | ||||||||||||||||
Payable for Investment Securities Purchased | 33,221,261 | — | — | — | ||||||||||||
Payable for Capital Shares Redeemed | 11,000,321 | — | 288,962 | 1,785,281 | ||||||||||||
Payable Upon Return of Securities Loaned | 98,449,250 | — | 16,863,900 | — | ||||||||||||
Investment Advisory Fees Payable | 2,353,423 | 11,226 | 112,596 | 1,040,282 | ||||||||||||
Compliance and Fund Services Fees Payable | 68,821 | 380 | 3,437 | 29,963 | ||||||||||||
Distribution and Service Fees Payable | 221,254 | 11,569 | 7,696 | 71,215 | ||||||||||||
Trustee Fees Payable | 1,280 | 20 | 293 | 1,019 | ||||||||||||
Other Accrued Expenses | 2,836,449 | 6,752 | 185,751 | 1,268,021 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Liabilities | 148,152,059 | 29,947 | 17,462,635 | 4,195,781 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Net Assets | $4,033,094,647 | $18,710,240 | $152,350,089 | $1,493,066,849 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets Consist of: | ||||||||||||||||
Capital | $3,231,367,631 | $6,762,534 | $109,854,828 | $999,454,603 | ||||||||||||
Accumulated Net Investment Income (Loss) | 25,738,947 | (92,143 | ) | (793,130 | ) | 8,896,000 | ||||||||||
Accumulated Net Realized Gain from Investments Transactions | 364,200,384 | 5,758,719 | 21,149,983 | 227,170,566 | ||||||||||||
Net Unrealized Appreciation on Investments | 411,787,685 | 6,281,130 | 22,138,408 | 257,545,680 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets | $4,033,094,647 | $18,710,240 | $152,350,089 | $1,493,066,849 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets: | ||||||||||||||||
I Shares | $3,339,980,519 | $4,398,149 | $130,945,250 | $1,297,749,281 | ||||||||||||
A Shares | 596,011,094 | 897,199 | 9,320,457 | 162,176,915 | ||||||||||||
C Shares | 81,287,876 | 13,414,892 | 6,132,871 | 33,140,653 | ||||||||||||
IS Shares | 15,815,158 | — | 5,951,511 | — | ||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value) | ||||||||||||||||
I Shares | 231,536,693 | 148,923 | 8,535,388 | 78,152,686 | ||||||||||||
A Shares | 41,765,660 | 31,457 | 668,211 | 9,969,518 | ||||||||||||
C Shares | 5,807,171 | 566,555 | 570,946 | 2,150,510 | ||||||||||||
IS Shares | 1,096,303 | — | 387,924 | — | ||||||||||||
Net Asset Value and Redemption Price Per Share: | ||||||||||||||||
I Shares | $14.43 | $29.53 | $15.34 | $16.61 | ||||||||||||
A Shares | 14.27 | 28.52 | 13.95 | 16.27 | ||||||||||||
C Shares(a) | 14.00 | 23.68 | 10.74 | 15.41 | ||||||||||||
IS Shares | 14.43 | — | 15.34 | — | ||||||||||||
Offering Price per Share (100%/(100%-maximum sales charge x net asset value) adjusted to the nearest cent): | ||||||||||||||||
A Shares | $15.14 | $30.26 | $14.80 | $17.26 | ||||||||||||
Maximum Sales Charge — A Shares | 5.75 | % | 5.75 | % | 5.75 | % | 5.75 | % |
* | Investments include securities on loan of $94,877,437, $—, $16,248,450 and $—, respectively. |
(a) | Redemption price per share varies based on length of time shares are held. |
See Notes to Financial Statements.
34
Table of Contents
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Aggressive Growth Allocation Strategy | Conservative Allocation Strategy | Growth Allocation Strategy | Moderate Allocation Strategy | |||||||||||||
Assets: | ||||||||||||||||
Total Investments, at Cost | $11,446,799 | $59,750,510 | $50,661,084 | $109,663,154 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Investments in Affiliates, at Value | $12,035,598 | $51,825,501 | $51,600,273 | $106,232,208 | ||||||||||||
Investments in Unaffiliated, at Value | 2,620,274 | 12,295,993 | 11,892,094 | 24,609,533 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 14,655,872 | 64,121,494 | 63,492,367 | 130,841,741 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Cash | 4,635 | — | — | — | ||||||||||||
Dividends Receivable | 4,714 | 80,865 | 30,375 | 115,036 | ||||||||||||
Receivable for Capital Shares Issued | 6,753 | 248,190 | 40,535 | 47,371 | ||||||||||||
Receivable for Investment Securities Sold | 142,987 | 53,458 | — | — | ||||||||||||
Receivable from Investment Adviser | 6,948 | 4,895 | 8,495 | 2,504 | ||||||||||||
Prepaid Expenses and Other Assets | 29,249 | 31,103 | 32,761 | 21,051 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Assets | 14,851,158 | 64,540,005 | 63,604,533 | 131,027,703 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Liabilities: | ||||||||||||||||
Payable for Investment Securities Purchased | 4,682 | 80,865 | 46,252 | 163,908 | ||||||||||||
Payable for Capital Shares Redeemed | 3,862 | 308,056 | 43,496 | 154,738 | ||||||||||||
Investment Advisory Fees Payable | 1,504 | 5,293 | 5,422 | 11,039 | ||||||||||||
Compliance and Fund Services Fees Payable | 345 | 1,094 | 1,175 | 2,683 | ||||||||||||
Distribution and Service Fees Payable | 1,791 | 18,121 | 4,728 | 16,013 | ||||||||||||
Trustee Fees Payable | 13 | 40 | 51 | 207 | ||||||||||||
Other Accrued Expenses | 20,037 | 11,933 | 60,396 | 126,605 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Liabilities | 32,234 | 425,402 | 161,520 | 475,193 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Net Assets | $14,818,924 | $64,114,603 | $63,443,013 | $130,552,510 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets Consist of: | ||||||||||||||||
Capital | $9,568,991 | $58,305,912 | $48,702,256 | $102,718,070 | ||||||||||||
Accumulated Net Investment Income | 8,692 | 635,087 | 206,580 | 1,050,359 | ||||||||||||
Accumulated Net Realized Gain from Investments Transactions | 2,032,168 | 802,620 | 1,702,894 | 5,605,494 | ||||||||||||
Net Unrealized Appreciation on Investments | 3,209,073 | 4,370,984 | 12,831,283 | 21,178,587 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets | $14,818,924 | $64,114,603 | $63,443,013 | $130,552,510 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets: | ||||||||||||||||
I Shares | $9,450,141 | $31,519,971 | $51,585,311 | $98,714,845 | ||||||||||||
A Shares | 4,625,932 | 15,230,941 | 8,833,066 | 18,217,405 | ||||||||||||
C Shares | 742,851 | 17,363,691 | 3,024,636 | 13,620,260 | ||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value) | ||||||||||||||||
I Shares | 1,031,473 | 2,452,015 | 4,440,359 | 8,655,375 | ||||||||||||
A Shares | 510,310 | 1,187,464 | 764,435 | 1,602,811 | ||||||||||||
C Shares | 84,371 | 1,372,757 | 267,231 | 1,211,128 | ||||||||||||
Net Asset Value and Redemption Price Per Share: | ||||||||||||||||
I Shares | $9.16 | $12.85 | $11.62 | $11.41 | ||||||||||||
A Shares | 9.06 | 12.83 | 11.56 | 11.37 | ||||||||||||
C Shares(a) | 8.80 | 12.65 | 11.32 | 11.25 | ||||||||||||
Offering Price per Share (100%/(100%-maximum sales charge x net asset value) adjusted to the nearest cent): | ||||||||||||||||
A Shares | $9.61 | $13.47 | $12.27 | $12.06 | ||||||||||||
Maximum Sales Charge — A Shares | 5.75 | % | 4.75 | % | 5.75 | % | 5.75 | % |
(a) | Redemption price per share varies based on length of time shares are held. |
See Notes to Financial Statements.
35
Table of Contents
RIDGEWORTH FUNDS For the Period Ended September 30, 2014
(Unaudited)
Aggressive Growth Stock Fund | International Equity Fund | International Equity Index Fund | Large Cap Growth Stock Fund | Large Cap Value Equity Fund | ||||||||||||||||
Investment Income: | ||||||||||||||||||||
Dividend Income | $ | 38,901 | $ | 692,030 | $ | 1,102,254 | $ | 1,163,770 | $ | 26,274,283 | ||||||||||
Net Income from Securities Lending | — | 17,039 | 14,877 | 39,718 | 1,918 | |||||||||||||||
Less: Foreign Taxes Withheld | — | (74,156 | ) | (113,404 | ) | — | — | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Investment Income | 38,901 | 634,913 | 1,003,727 | 1,203,488 | 26,276,201 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Expenses: | ||||||||||||||||||||
Investment Advisory Fees | 225,820 | 131,455 | 116,657 | 974,395 | 7,532,616 | |||||||||||||||
Administration Fees | 2,723 | 1,497 | 2,658 | 14,269 | 118,276 | |||||||||||||||
Fund Accounting Fees | 2,247 | 1,239 | 2,158 | 11,994 | 89,073 | |||||||||||||||
Transfer Agency Fees | 13,649 | 4,488 | 3,285 | 140,796 | 109,897 | |||||||||||||||
Compliance & Fund Services Fees | 1,851 | 960 | 1,681 | 9,265 | 72,850 | |||||||||||||||
Distribution and Service Fees — A Shares | 27,153 | 7,277 | 4,251 | 97,535 | 615,064 | |||||||||||||||
Distribution and Service Fees — C Shares | — | — | — | 169,685 | 102,251 | |||||||||||||||
Shareholder Servicing Fees — I Shares | 49,961 | 15,030 | 82,061 | 183,145 | 3,330,966 | |||||||||||||||
Shareholder Servicing Fees — A Shares | 6,324 | 182 | 972 | 6,405 | 724,246 | |||||||||||||||
Custodian Fees | 5,611 | 21,090 | 163,152 | 8,084 | 23,090 | |||||||||||||||
Printing Fees | 1,943 | 1,192 | 1,603 | 8,805 | 57,554 | |||||||||||||||
Registration Fees | 16,083 | 14,806 | 15,227 | 23,755 | 32,515 | |||||||||||||||
Trustee Fees | 1,121 | 598 | 1,046 | 5,709 | 44,400 | |||||||||||||||
Other Fees | 8,432 | 16,142 | 29,536 | 15,897 | 80,546 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Expenses | 362,918 | 215,956 | 424,287 | 1,669,739 | 12,933,344 | |||||||||||||||
Less: Investment Advisory Fees Waived/Expenses Reimbursed | (6,864 | ) | (10,731 | ) | (242,225 | ) | (145,217 | ) | (1,587,483 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Expenses | 356,054 | 205,225 | 182,062 | 1,524,522 | 11,345,861 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Investment Income (Loss) | (317,153 | ) | 429,688 | 821,665 | (321,034 | ) | 14,930,340 | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currencies: | ||||||||||||||||||||
Net Realized Gain from: | ||||||||||||||||||||
Investment and Foreign Currency Transactions | 1,783,680 | 2,310,505 | 3,040,201 | 11,586,060 | 98,342,976 | |||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||||||
Investments and Foreign Currencies | 242,057 | (4,405,750 | ) | (5,713,154 | ) | 591,062 | (16,819,730 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currencies | 2,025,737 | (2,095,245 | ) | (2,672,953 | ) | 12,177,122 | 81,523,246 | |||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Change in Net Assets from Operations | $ | 1,708,584 | $ | (1,665,557 | ) | $ | (1,851,288 | ) | $11,856,088 | $ | 96,453,586 | |||||||||
|
|
|
|
|
|
|
|
|
|
See Notes to Financial Statements.
36
Table of Contents
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS For the Period Ended September 30, 2014
(Unaudited)
Mid-Cap Value Equity Fund | Select Large Cap Growth Stock Fund | Small Cap Growth Stock Fund | Small Cap Value Equity Fund | |||||||||||||
Investment Income: | ||||||||||||||||
Dividend Income | $ | 40,824,577 | $ | 87,255 | $ | 186,933 | $ | 16,530,382 | ||||||||
Net Income from Securities Lending | 143,533 | 3 | 101,829 | — | ||||||||||||
Less: Foreign Taxes Withheld | — | — | — | (94,617 | ) | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Income | 40,968,110 | 87,258 | 288,762 | 16,435,765 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Expenses: | ||||||||||||||||
Investment Advisory Fees | 13,956,266 | 69,737 | 714,398 | 6,627,020 | ||||||||||||
Administration Fees | 207,653 | 1,021 | 8,616 | 84,519 | ||||||||||||
Fund Accounting Fees | 153,093 | 858 | 8,028 | 70,529 | ||||||||||||
Transfer Agency Fees | 281,956 | 10,076 | 16,685 | 122,207 | ||||||||||||
Compliance & Fund Services Fees | 128,223 | 678 | 5,931 | 55,071 | ||||||||||||
Distribution and Service Fees — A Shares | 943,358 | 1,451 | 15,023 | 275,723 | ||||||||||||
Distribution and Service Fees — C Shares | 415,694 | 70,272 | 33,030 | 184,255 | ||||||||||||
Shareholder Servicing Fees — I Shares | 5,865,529 | 3,400 | 299,942 | 2,456,763 | ||||||||||||
Shareholder Servicing Fees — A Shares | 1,126,536 | — | 3,031 | 320,163 | ||||||||||||
Custodian Fees | 39,551 | 5,059 | 10,321 | 23,147 | ||||||||||||
Printing Fees | 119,133 | 1,310 | 4,961 | 78,316 | ||||||||||||
Registration Fees | 43,880 | 20,428 | 22,702 | 25,949 | ||||||||||||
Trustee Fees | 77,922 | 428 | 3,718 | 34,257 | ||||||||||||
Other Fees | 137,273 | 4,041 | 9,809 | 66,165 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Expenses | 23,496,067 | 188,759 | 1,156,195 | 10,424,084 | ||||||||||||
Less: Investment Advisory Fees Waived/Expenses Reimbursed | (120,160 | ) | (9,358 | ) | (74,303 | ) | — | |||||||||
|
|
|
|
|
|
|
| |||||||||
Net Expenses | 23,375,907 | 179,401 | 1,081,892 | 10,424,084 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Investment Income (Loss) | 17,592,203 | (92,143 | ) | (793,130 | ) | 6,011,681 | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Realized and Unrealized Gain (Loss) on Investments: | ||||||||||||||||
Net Realized Gain from: | ||||||||||||||||
Investment Transactions | 198,492,869 | 1,545,156 | 8,936,864 | 20,015,978 | ||||||||||||
Net Change in Unrealized (Depreciation) on: | ||||||||||||||||
Investments | (125,679,672 | ) | (849,027 | ) | (24,163,733 | ) | (149,996,329 | ) | ||||||||
|
|
|
|
|
|
|
| |||||||||
Net Realized and Unrealized Gain (Loss) on Investments | 72,813,197 | 696,129 | (15,226,869 | ) | (129,980,351 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Change in Net Assets from Operations | $ | 90,405,400 | $ | 603,986 | $ | (16,019,999 | ) | $(123,968,670) | ||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements.
37
Table of Contents
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS For the Period Ended September 30, 2014
(Unaudited)
Aggressive Growth Allocation Strategy | Conservative Allocation Strategy | Growth Allocation Strategy | Moderate Allocation Strategy | |||||||||||||||
Investment Income: | ||||||||||||||||||
Dividend Income | $ | 33,674 | $ | 123,064 | $ | 125,746 | $ | 649,710 | ||||||||||
Dividend Income from Affiliated Investment Companies | 29,870 | 481,457 | 183,678 | 339,509 | ||||||||||||||
|
|
|
|
|
|
|
| |||||||||||
Total Investment Income | 63,544 | 604,521 | 309,424 | 989,219 | ||||||||||||||
|
|
|
|
|
|
|
| |||||||||||
Expenses: | ||||||||||||||||||
Investment Advisory Fees | 9,578 | 31,298 | 32,935 | 68,425 | ||||||||||||||
Administration Fees | 982 | 3,208 | 3,376 | 7,014 | ||||||||||||||
Fund Accounting Fees | 10,155 | 10,155 | 10,155 | 10,155 | ||||||||||||||
Transfer Agency Fees | 3,745 | 14,805 | 7,175 | 18,323 | ||||||||||||||
Compliance & Fund Services Fees | 631 | 1,989 | 2,139 | 4,713 | ||||||||||||||
Distribution and Service Fees — A Shares | 7,081 | 22,787 | 13,616 | 28,729 | ||||||||||||||
Distribution and Service Fees — C Shares | 3,627 | 86,393 | 15,066 | 71,110 | ||||||||||||||
Shareholder Servicing Fees — I Shares | 26,754 | 15,675 | 103,975 | 178,800 | ||||||||||||||
Shareholder Servicing Fees — A Shares | 2,171 | 3,264 | 4,569 | 11,114 | ||||||||||||||
Custodian Fees | 7,767 | 9,827 | 8,456 | 10,169 | ||||||||||||||
Printing Fees | 1,546 | 3,376 | 2,873 | 6,131 | ||||||||||||||
Registration Fees | 19,738 | 20,923 | 20,239 | 20,301 | ||||||||||||||
Trustee Fees | 391 | 1,217 | 1,313 | 2,932 | ||||||||||||||
Other Fees | 3,907 | 5,132 | 5,314 | 8,042 | ||||||||||||||
|
|
|
|
|
|
|
| |||||||||||
Total Expenses | 98,073 | 230,049 | 231,201 | 445,958 | ||||||||||||||
Less: Investment Advisory Fees Waived/Expenses Reimbursed | (42,439 | ) | (26,761 | ) | (46,049 | ) | (37,844 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||||
Net Expenses | 55,634 | 203,288 | 185,152 | 408,114 | ||||||||||||||
|
|
|
|
|
|
|
| |||||||||||
Net Investment Income | 7,910 | 401,233 | 124,272 | 581,105 | ||||||||||||||
|
|
|
|
|
|
|
| |||||||||||
Net Realized and Unrealized Gain (Loss) on Investments: | ||||||||||||||||||
Net Realized Gain (Loss) from: | ||||||||||||||||||
Investment Transactions | 1,229,581 | (94,196 | ) | 287,421 | 1,632,866 | |||||||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||||
Investments | (800,320 | ) | 819,321 | 956,536 | 536,219 | |||||||||||||
|
|
|
|
|
|
|
| |||||||||||
Net Realized and Unrealized Gain on Investments | 429,261 | 725,125 | 1,243,957 | 2,169,085 | ||||||||||||||
|
|
|
|
|
|
|
| |||||||||||
Change in Net Assets from Operations | $ | 437,171 | $ | 1,126,358 | $ | 1,368,229 | $2,750,190 | |||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements.
38
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS
RIDGEWORTH FUNDS For the Periods Indicated
Aggressive Growth Stock Fund | International Equity Fund | International Equity Index Fund | ||||||||||||||||||||||
04/01/14- 09/30/14 | 04/01/13- 03/31/14 | 04/01/14- 09/30/14 | 04/01/13- 03/31/14 | 04/01/14- 09/30/14 | 04/01/13- 03/31/14 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income (Loss) | $ | (317,153 | ) | $ | (391,429 | ) | $ | 429,688 | $ | 2,890,126 | $ | 821,665 | $ | 3,365,649 | ||||||||||
Net Realized Gain | 1,783,680 | 3,058,325 | 2,310,505 | 53,712,113 | 3,040,201 | 91,324,160 | ||||||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) | 242,057 | 5,731,042 | (4,405,750 | ) | (32,717,065 | ) | (5,713,154 | ) | (69,445,449 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Operations | 1,708,584 | 8,397,938 | (1,665,557 | ) | 23,885,174 | (1,851,288 | ) | 25,244,360 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | — | — | — | (3,262,772 | ) | — | (4,227,792 | ) | ||||||||||||||||
A Shares | — | — | — | (397,768 | ) | — | (160,960 | ) | ||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
I Shares | — | (1,962,804 | ) | — | (423,409 | ) | — | (99,753,566 | ) | |||||||||||||||
A Shares | — | (550,359 | ) | — | (76,227 | ) | — | (2,010,453 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total Dividends and Distributions | — | (2,513,163 | ) | — | (4,160,176 | ) | — | (106,152,771 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Capital Transactions | (5,444,050 | ) | 34,140,593 | (5,893,915 | ) | (265,108,721 | ) | (806,289 | ) | (91,279,292 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets | (3,735,466 | ) | 40,025,368 | (7,559,472 | ) | (245,383,723 | ) | (2,657,577 | ) | (172,187,703 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of Period | 59,445,159 | 19,419,791 | 31,733,631 | 277,117,354 | 53,272,250 | 225,459,953 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of Period | $ | 55,709,693 | $ | 59,445,159 | $ | 24,174,159 | $ | 31,733,631 | $ | 50,614,673 | $ | 53,272,250 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | (469,210 | ) | $ | (152,057 | ) | $ | 557,989 | $ | 128,301 | $ | 614,296 | $ | (207,369 | ) | |||||||||
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to Financial Statements.
39
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS For the Periods Indicated
Large Cap Growth Stock Fund | Large Cap Value Equity Fund | Mid-Cap Value Equity Fund | ||||||||||||||||||||||
04/01/14- 09/30/14 | 04/01/13- 03/31/14 | 04/01/14- 09/30/14 | 04/01/13- 03/31/14 | 04/01/14- 09/30/14 | 04/01/13- 03/31/14 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income (Loss) | $ | (321,034 | ) | $ | (301,215 | ) | $ | 14,930,340 | $ | 26,786,932 | $ | 17,592,203 | $ | 31,721,752 | ||||||||||
Net Realized Gain | 11,586,060 | 20,411,263 | 98,342,976 | 238,119,315 | 198,492,869 | 406,615,454 | ||||||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) | 591,062 | 46,686,566 | (16,819,730 | ) | 136,182,530 | (125,679,672 | ) | 224,145,643 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Operations | 11,856,088 | 66,796,614 | 96,453,586 | 401,088,777 | 90,405,400 | 662,482,849 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | — | — | — | (21,215,098 | ) | — | (24,446,573 | ) | ||||||||||||||||
A Shares | — | — | — | (3,895,087 | ) | — | (3,551,681 | ) | ||||||||||||||||
C Shares | — | — | — | (113,863 | ) | — | (260,783 | ) | ||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
I Shares | — | (16,215,038 | ) | — | (184,943,407 | ) | — | (319,283,825 | ) | |||||||||||||||
A Shares | — | (6,369,584 | ) | — | (40,911,570 | ) | — | (64,799,259 | ) | |||||||||||||||
C Shares | — | (4,254,946 | ) | — | (2,145,183 | ) | — | (8,705,589 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total Dividends and Distributions | — | (26,839,568 | ) | — | (253,224,208 | ) | — | (421,047,710 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Capital Transactions | (29,342,167 | ) | (9,148,088 | ) | 17,184,090 | 304,794,679 | 89,262,596 | 899,507,221 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets | (17,486,079 | ) | 30,808,958 | 113,637,676 | 452,659,248 | 179,667,996 | 1,140,942,360 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of Period | 286,831,096 | 256,022,138 | 2,199,164,702 | 1,746,505,454 | 3,853,426,651 | 2,712,484,291 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of Period | $ | 269,345,017 | $ | 286,831,096 | $ | 2,312,802,378 | $ | 2,199,164,702 | $ | 4,033,094,647 | $ | 3,853,426,651 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Accumulated Net Investment Income , End of Period | $ | (321,034 | ) | $ | — | $ | 22,240,170 | $ | 7,309,830 | $ | 25,738,947 | $ | 8,146,744 | |||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to Financial Statements.
40
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS For the Periods Indicated
Select Large Cap Growth Stock Fund | Small Cap Growth Stock Fund | Small Cap Value Equity Fund | ||||||||||||||||||||||
04/01/14- 09/30/14 | 04/01/13- 03/31/14 | 04/01/14- 09/30/14 | 04/01/13- 03/31/14 | 04/01/14- 09/30/14 | 04/01/13- 03/31/14 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income (Loss) | $ | (92,143 | ) | $ | (164,805 | ) | $ | (793,130 | ) | $ | (1,778,003 | ) | $ | 6,011,681 | $ | 16,494,193 | ||||||||
Net Realized Gain | 1,545,156 | 6,965,313 | 8,936,864 | 39,190,020 | 20,015,978 | 237,771,487 | ||||||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) | (849,027 | ) | (430,926 | ) | (24,163,733 | ) | 5,191,009 | (149,996,329 | ) | 79,725,267 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Operations | 603,986 | 6,369,582 | (16,019,999 | ) | 42,603,026 | (123,968,670 | ) | 333,990,947 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | — | — | — | — | — | (11,800,535 | ) | |||||||||||||||||
A Shares | — | — | — | — | — | (1,217,350 | ) | |||||||||||||||||
C Shares | — | — | — | — | — | (175,499 | ) | |||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
I Shares | — | (1,672,007 | ) | — | (26,953,356 | ) | — | (53,921,057 | ) | |||||||||||||||
A Shares | — | (159,488 | ) | — | (1,849,209 | ) | — | (7,240,038 | ) | |||||||||||||||
C Shares | — | (2,529,941 | ) | — | (1,482,428 | ) | — | (1,468,593 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total Dividends and Distributions | — | (4,361,436 | ) | — | (30,284,993 | ) | — | (75,823,072 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Capital Transactions | (2,057,516 | ) | (16,097,564 | ) | (20,174,249 | ) | 6,569,274 | (144,644,334 | ) | (122,408,735 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets | (1,453,530 | ) | (14,089,418 | ) | (36,194,248 | ) | 18,887,307 | (268,613,004 | ) | 135,759,140 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of Period | 20,163,770 | 34,253,188 | 188,544,337 | 169,657,030 | 1,761,679,853 | 1,625,920,713 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of Period | $ | 18,710,240 | $ | 20,163,770 | $ | 152,350,089 | $ | 188,544,337 | $ | 1,493,066,849 | $ | 1,761,679,853 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | (92,143 | ) | $ | — | $ | (793,130 | ) | $ | — | $ | 8,896,000 | $ | 2,884,319 | ||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to Financial Statements.
41
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS For the Periods Indicated
Aggressive Growth Allocation Strategy | Conservative Allocation Strategy | |||||||||||||||
04/01/14- 09/30/14 | 04/01/13- 03/31/14 | 04/01/14- 09/30/14 | 04/01/13- 03/31/14 | |||||||||||||
(Unaudited) | (Unaudited) | |||||||||||||||
Operations: | ||||||||||||||||
Net Investment Income | $ | 7,910 | $ | 207,613 | $ | 401,233 | $ | 912,303 | ||||||||
Net Realized Gain (Loss)(a) | 1,229,581 | 2,196,603 | (94,196 | ) | 1,774,076 | |||||||||||
Net Change in Unrealized Appreciation (Depreciation)(a) | (800,320 | ) | 1,255,840 | 819,321 | 1,375,849 | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Change in Net Assets from Operations | 437,171 | 3,660,056 | 1,126,358 | 4,062,228 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||
Net Investment Income: | ||||||||||||||||
I Shares | — | (431,164 | ) | — | (682,255 | ) | ||||||||||
A Shares | — | (124,675 | ) | — | (359,082 | ) | ||||||||||
C Shares | — | (15,532 | ) | — | (282,703 | ) | ||||||||||
Net Realized Gains: | ||||||||||||||||
I Shares | — | (1,892,756 | ) | — | (1,046,909 | ) | ||||||||||
A Shares | — | (583,546 | ) | — | (629,265 | ) | ||||||||||
C Shares | — | (86,640 | ) | — | (675,285 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Dividends and Distributions | — | (3,134,313 | ) | — | (3,675,499 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Change in Net Assets from Capital Transactions | (5,187,830 | ) | (4,347,245 | ) | 1,713,248 | 1,150,817 | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Change in Net Assets | (4,750,659 | ) | (3,821,502 | ) | 2,839,606 | 1,537,546 | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets: | ||||||||||||||||
Beginning of Period | 19,569,583 | 23,391,085 | 61,274,997 | 59,737,451 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
End of Period | $ | 14,818,924 | $ | 19,569,583 | $ | 64,114,603 | $ | 61,274,997 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Accumulated Net Investment Income , End of Period | $ | 8,692 | $ | 782 | $ | 635,087 | $ | 233,854 | ||||||||
|
|
|
|
|
|
|
|
(a) | Net realized gain (loss) from investment transactions and net change in unrealized appreciation/depreciation on investments for the Allocation Strategy Funds are primarily attributable to the underlying investments in affiliated investment companies. |
See Notes to Financial Statements.
42
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (concluded)
RIDGEWORTH FUNDS For the Periods Indicated
Growth Allocation Strategy | Moderate Allocation Strategy | |||||||||||||||
04/01/14- 09/30/14 | 04/01/13- 03/31/14 | 04/01/14- 09/30/14 | 04/01/13- 03/31/14 | |||||||||||||
(Unaudited) | (Unaudited) | |||||||||||||||
Operations: | ||||||||||||||||
Net Investment Income | $ | 124,272 | $ | 728,818 | $ | 581,105 | $ | 2,211,520 | ||||||||
Net Realized Gain(a) | 287,421 | 4,709,594 | 1,632,866 | 8,986,476 | ||||||||||||
Net Change in Unrealized Appreciation(a) | 956,536 | 4,171,170 | 536,219 | 6,073,563 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Change in Net Assets from Operations | 1,368,229 | 9,609,582 | 2,750,190 | 17,271,559 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||
Net Investment Income: | ||||||||||||||||
I Shares | — | (1,427,037 | ) | — | (3,318,303 | ) | ||||||||||
A Shares | — | (250,763 | ) | — | (498,072 | ) | ||||||||||
C Shares | — | (65,359 | ) | — | (281,147 | ) | ||||||||||
Net Realized Gains: | ||||||||||||||||
I Shares | — | (5,350,916 | ) | — | (9,210,989 | ) | ||||||||||
A Shares | — | (994,791 | ) | — | (1,440,691 | ) | ||||||||||
C Shares | — | (313,898 | ) | — | (1,051,732 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Dividends and Distributions | — | (8,402,764 | ) | — | (15,800,934 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Change in Net Assets from Capital Transactions | (3,566,497 | ) | (2,364,949 | ) | (16,416,637 | ) | (30,892,330 | ) | ||||||||
|
|
|
|
|
|
|
| |||||||||
Change in Net Assets | (2,198,268 | ) | (1,158,131 | ) | (13,666,447 | ) | (29,421,705 | ) | ||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets: | ||||||||||||||||
Beginning of Period | 65,641,281 | 66,799,412 | 144,218,957 | 173,640,662 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
End of Period | $ | 63,443,013 | $ | 65,641,281 | $ | 130,552,510 | $ | 144,218,957 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Accumulated Net Investment Income , End of Period | $ | 206,580 | $ | 82,308 | $ | 1,050,359 | $ | 469,254 | ||||||||
|
|
|
|
|
|
|
|
(a) | Net realized gain from investment transactions and net change in unrealized appreciation on investments for the Allocation Strategy Funds are primarily attributable to the underlying investments in affiliated investment companies. |
See Notes to Financial Statements.
43
Table of Contents
RIDGEWORTH FUNDS Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
Net Asset Value, Beginning of Period | Net Investment Income (Loss) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Operations | Dividends from Net Investment Income | Distributions from Tax Return of Capital | Distributions from Realized Capital Gains | Total Dividends and Distributions | Payments by Affiliates | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(a) | Ratio of Net Expenses to Average Net Assets(b) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimburse ments)(b) | Ratio of Net Investment Income to Average Net Assets(b) | Portfolio Turnover Rate(c) | |||||||||||||||||||||||||||||||||||||||||||||||||
Aggressive Growth Stock Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | $21.20 | $(0.12 | )(d) | $1.18 | $1.06 | $— | $— | $— | $— | $— | $22.26 | $37,951 | 5.00 | % | 1.30 | % | 1.34 | % | (1.15 | )% | 27 | % | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 15.60 | (0.22 | )(d) | 7.01 | 6.79 | — | — | (1.19 | ) | (1.19 | ) | — | 21.20 | 39,495 | 43.70 | 1.29 | 1.37 | (1.08 | ) | 49 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 15.94 | (0.14 | )(d) | 0.42 | 0.28 | — | — | (0.62 | ) | (0.62 | ) | — | 15.60 | 15,840 | 1.84 | 1.20 | 1.21 | (0.98 | ) | 24 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 16.45 | (0.15 | )(d) | (0.36 | ) | (0.51 | ) | — | — | — | — | — | 15.94 | 88,132 | (3.16 | ) | 1.22 | 1.22 | (0.98 | ) | 30 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 12.86 | (0.12 | )(d) | 3.71 | 3.59 | — | — | — | — | — | 16.45 | 134,643 | 27.99 | 1.19 | 1.19 | (0.89 | ) | 53 | ||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 7.73 | (0.08 | )(d) | 5.21 | 5.13 | — | — | — | — | — | 12.86 | 108,754 | 66.36 | 1.21 | 1.21 | (0.77 | ) | 27 | ||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 20.53 | (0.13 | )(d) | 1.15 | 1.02 | — | — | — | — | — | 21.55 | 17,758 | 4.97 | 1.42 | 1.42 | (1.27 | ) | 27 | ||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 15.16 | (0.24 | )(d) | 6.80 | 6.56 | — | — | (1.19 | ) | (1.19 | ) | — | 20.53 | 19,950 | 43.45 | 1.40 | 1.40 | (1.18 | ) | 49 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 15.54 | (0.18 | )(d) | 0.42 | 0.24 | — | — | (0.62 | ) | (0.62 | ) | — | 15.16 | 3,580 | 1.63 | 1.49 | 1.53 | (1.24 | ) | 24 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 16.10 | (0.18 | )(d) | (0.38 | ) | (0.56 | ) | — | — | — | — | — | 15.54 | 3,803 | (3.48 | ) | 1.53 | 1.53 | (1.28 | ) | 30 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 12.62 | (0.16 | )(d) | 3.64 | 3.48 | — | — | — | — | — | 16.10 | 3,519 | 27.58 | 1.49 | 1.49 | (1.19 | ) | 53 | ||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 7.61 | (0.13 | )(d) | 5.14 | 5.01 | — | — | — | — | — | 12.62 | 2,502 | 65.83 | 1.52 | 1.52 | (1.12 | ) | 27 | ||||||||||||||||||||||||||||||||||||||||||||||
International Equity Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 12.45 | 0.19 | (d) | (0.93 | ) | (0.74 | ) | — | — | — | — | — | 11.71 | 19,617 | (5.94 | ) | 1.37 | 1.45 | 2.99 | 18 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.64 | 0.55 | (d) | 1.65 | 2.20 | (1.17 | ) | — | (0.22 | ) | (1.39 | ) | — | 12.45 | 26,932 | 19.52 | 1.20 | 1.20 | 4.55 | (e) | 43 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.74 | 0.22 | (d) | 0.89 | 1.11 | (0.21 | ) | — | — | (0.21 | ) | — | 11.64 | 272,552 | 10.38 | 1.12 | 1.12 | 2.02 | 52 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 11.62 | 0.25 | (d) | (0.90 | ) | (0.65 | ) | (0.23 | ) | — | — | (0.23 | ) | — | 10.74 | 261,561 | (5.24 | ) | 1.29 | 1.29 | 2.33 | 78 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 10.71 | 0.16 | (d) | 1.02 | 1.18 | (0.27 | ) | — | — | (0.27 | ) | — | 11.62 | 252,253 | 11.29 | 1.27 | 1.27 | 1.49 | 80 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 6.38 | 0.11 | (d) | 4.28 | 4.39 | (0.06 | ) | — | — | (0.06 | ) | — | 10.71 | 273,819 | 68.80 | 1.25 | 1.30 | 1.17 | 95 | |||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 12.35 | 0.16 | (d) | (0.92 | ) | (0.76 | ) | — | — | — | — | — | 11.59 | 4,558 | (6.15 | ) | 1.57 | 1.64 | 2.68 | 18 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.51 | 0.20 | (d) | 2.00 | 2.20 | (1.14 | ) | — | (0.22 | ) | (1.36 | ) | — | 12.35 | 4,802 | 19.72 | 1.47 | 1.47 | 1.66 | 43 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.63 | 0.18 | (d) | 0.87 | 1.05 | (0.17 | ) | — | — | (0.17 | ) | — | 11.51 | 4,565 | 9.95 | 1.45 | 1.45 | 1.73 | 52 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 11.49 | 0.21 | (d) | (0.87 | ) | (0.66 | ) | (0.20 | ) | — | — | (0.20 | ) | — | 10.63 | 5,500 | (5.48 | ) | 1.59 | 1.59 | 2.02 | 78 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 10.59 | 0.13 | (d) | 1.01 | 1.14 | (0.24 | ) | — | — | (0.24 | ) | — | 11.49 | 7,227 | 10.98 | 1.57 | 1.57 | 1.24 | 80 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 6.32 | 0.09 | (d) | 4.22 | 4.31 | (0.04 | ) | — | — | (0.04 | ) | — | 10.59 | 8,104 | 68.22 | 1.55 | 1.59 | 0.68 | 95 | |||||||||||||||||||||||||||||||||||||||||||||
International Equity Index Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 5.66 | 0.09 | (d) | (0.30 | ) | (0.21 | ) | — | — | — | — | — | 5.45 | 48,175 | (3.71 | ) | 0.68 | 1.63 | 3.19 | 31 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 12.04 | 0.37 | (d) | 1.55 | 1.92 | (0.56 | ) | — | (7.74 | ) | (8.30 | ) | — | 5.66 | 50,396 | 22.52 | 0.72 | 1.21 | 4.20 | (e) | 26 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 11.68 | 0.32 | (d) | 0.67 | 0.99 | (0.40 | ) | — | (0.23 | ) | (0.63 | ) | — | 12.04 | 222,839 | 8.62 | 0.73 | 0.76 | 2.79 | 24 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 13.52 | 0.38 | (d) | (1.77 | ) | (1.39 | ) | (0.45 | ) | — | — | (0.45 | ) | — | 11.68 | 339,763 | (9.78 | ) | 0.72 | 0.72 | 3.15 | 31 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 12.72 | 0.33 | (d) | 0.86 | 1.19 | (0.39 | ) | — | — | (0.39 | ) | — | 13.52 | 478,223 | 9.55 | 0.66 | 0.66 | 2.65 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 8.75 | 0.34 | 4.03 | 4.37 | (0.40 | ) | — | — | (0.40 | ) | — | 12.72 | 839,582 | 49.93 | 0.64 | 0.64 | 2.46 | 36 |
See Notes to Financial Highlights and Notes to Financial Statements.
44
Table of Contents
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
Net Asset Value, Beginning of Period | Net Investment Income (Loss) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Operations | Dividends from Net Investment Income | Distributions from Tax Return of Capital | Distributions from Realized Capital Gains | Total Dividends and Distributions | Payments by Affiliates | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(a) | Ratio of Net Expenses to Average Net Assets(b) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimburse ments)(b) | Ratio of Net Investment Income to Average Net Assets(b) | Portfolio Turnover Rate(c) | |||||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | $5.53 | $0.08 | (d) | $(0.29 | ) | $(0.21 | ) | $— | $— | $— | $— | $— | $5.32 | $2,440 | (3.80 | ) % | 1.02 | % | 1.67 | % | 2.81 | % | 31 | % | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.94 | 0.18 | (d) | 1.68 | 1.86 | (0.53 | ) | — | (7.74 | ) | (8.27 | ) | — | 5.53 | 2,876 | 22.11 | 1.02 | 1.51 | 2.36 | 26 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 11.59 | 0.27 | (d) | 0.68 | 0.95 | (0.37 | ) | — | (0.23 | ) | (0.60 | ) | — | 11.94 | 2,621 | 8.33 | 0.99 | 1.04 | 2.42 | 24 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 13.40 | 0.38 | (d) | (1.79 | ) | (1.41 | ) | (0.40 | ) | — | — | (0.40 | ) | — | 11.59 | 2,529 | (10.05 | ) | 1.02 | 1.02 | 3.11 | 31 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 12.61 | 0.28 | (d) | 0.86 | 1.14 | (0.35 | ) | — | — | (0.35 | ) | — | 13.40 | 4,459 | 9.23 | 0.92 | 0.92 | 2.25 | 43 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 8.69 | 0.25 | 4.05 | 4.30 | (0.38 | ) | — | — | (0.38 | ) | — | 12.61 | 5,998 | 49.46 | 0.94 | 0.94 | 1.72 | 36 | ||||||||||||||||||||||||||||||||||||||||||||||
Large Cap Growth Stock Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 9.70 | — | (d) | 0.43 | 0.43 | — | — | — | — | — | 10.13 | 120,530 | 4.43 | 0.92 | 1.09 | (0.08 | ) | 4 | ||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 8.31 | 0.01 | (d) | 2.24 | 2.25 | — | — | (0.86 | ) | (0.86 | ) | — | 9.70 | 188,294 | 27.35 | 0.92 | 1.09 | 0.07 | 21 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 12.95 | 0.03 | (d) | 0.24 | 0.27 | (0.01 | ) | — | (4.90 | ) | (4.91 | ) | — | 8.31 | 167,887 | 3.64 | 0.94 | 0.94 | 0.23 | 40 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 11.55 | (0.02 | )(d) | 1.42 | 1.40 | — | — | — | — | — | 12.95 | 261,090 | 12.12 | 1.07 | 1.07 | (0.17 | ) | 19 | ||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 9.59 | 0.01 | (d) | 1.95 | 1.96 | — | (f) | — | — | — | — | 11.55 | 406,017 | 20.48 | 1.04 | 1.06 | 0.06 | 30 | ||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 6.57 | 0.01 | 3.02 | 3.03 | (0.01 | ) | — | — | (0.01 | ) | — | 9.59 | 443,918 | 46.20 | 0.99 | 1.04 | 0.19 | 62 | ||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 8.35 | (0.01 | )(d) | 0.37 | 0.36 | — | — | — | — | — | 8.71 | 63,880 | 4.31 | 1.19 | 1.19 | (0.33 | ) | 4 | ||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 7.27 | (0.02 | )(d) | 1.96 | 1.94 | — | — | (0.86 | ) | (0.86 | ) | — | 8.35 | 64,288 | 26.99 | 1.19 | 1.20 | (0.20 | ) | 21 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 11.96 | — | (d)(f) | 0.21 | 0.21 | — | — | (4.90 | ) | (4.90 | ) | — | 7.27 | 56,511 | 3.43 | 1.20 | 1.20 | (0.01 | ) | 40 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 10.70 | (0.05 | )(d) | 1.31 | 1.26 | — | — | — | — | — | 11.96 | 45,854 | 11.78 | 1.37 | 1.37 | (0.45 | ) | 19 | ||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 8.91 | (0.02 | )(d) | 1.81 | 1.79 | — | — | — | — | — | 10.70 | 46,358 | 20.09 | 1.34 | 1.36 | (0.24 | ) | 30 | ||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 6.11 | (0.01 | ) | 2.81 | 2.80 | — | — | — | — | — | 8.91 | 44,994 | 45.90 | 1.29 | 1.34 | (0.11 | ) | 62 | ||||||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 6.32 | (0.03 | )(d) | 0.28 | 0.25 | — | — | — | — | — | 6.57 | 33,022 | 3.96 | 1.87 | 1.87 | (1.01 | ) | 4 | ||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 5.71 | (0.06 | )(d) | 1.53 | 1.47 | — | — | (0.86 | ) | (0.86 | ) | — | 6.32 | 34,249 | 26.09 | 1.88 | 1.88 | (0.90 | ) | 21 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.52 | (0.06 | )(d) | 0.15 | 0.09 | — | — | (4.90 | ) | (4.90 | ) | — | 5.71 | 31,625 | 2.69 | 1.89 | 1.89 | (0.70 | ) | 40 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 9.48 | (0.11 | )(d) | 1.15 | 1.04 | — | — | — | — | — | 10.52 | 17,363 | 10.97 | 2.07 | 2.07 | (1.15 | ) | 19 | ||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 7.94 | (0.08 | )(d) | 1.62 | 1.54 | — | — | — | — | — | 9.48 | 17,680 | 19.40 | 2.04 | 2.06 | (0.94 | ) | 30 | ||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 5.49 | (0.06 | ) | 2.51 | 2.45 | — | — | — | — | — | 7.94 | 17,516 | 44.63 | 1.99 | 2.04 | (0.81 | ) | 62 | ||||||||||||||||||||||||||||||||||||||||||||||
IS Shares(h) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 9.97 | — | (d) | 0.16 | 0.16 | — | — | — | — | — | 10.13 | 51,913 | 1.60 | 0.85 | 0.89 | 0.25 | 4 | |||||||||||||||||||||||||||||||||||||||||||||||
Large Cap Value Equity Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 17.02 | 0.12 | (d) | 0.62 | 0.74 | — | — | — | — | — | 17.76 | 1,834,493 | 4.35 | 0.92 | 1.06 | 1.35 | 34 | |||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 15.76 | 0.24 | (d) | 3.29 | 3.53 | (0.23 | ) | — | (2.04 | ) | (2.27 | ) | — | 17.02 | 1,799,158 | 22.94 | 0.91 | 1.06 | 1.42 | 81 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 13.77 | 0.24 | (d) | 1.97 | 2.21 | (0.22 | ) | — | — | (0.22 | ) | — | 15.76 | 1,442,154 | 16.24 | 0.89 | 0.89 | 1.74 | 78 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 13.47 | 0.22 | (d) | 0.28 | 0.50 | (0.20 | ) | — | — | (0.20 | ) | — | 13.77 | 1,985,434 | 3.92 | 0.82 | 0.82 | 1.74 | 110 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 11.71 | 0.18 | (d) | 1.75 | 1.93 | (0.17 | ) | — | — | (0.17 | ) | — | 13.47 | 1,348,969 | 16.69 | 0.83 | 0.83 | 1.48 | 134 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 7.99 | 0.17 | 3.72 | 3.89 | (0.17 | ) | — | — | (0.17 | ) | — | 11.71 | 1,288,962 | 49.03 | 0.81 | 0.82 | 1.67 | 105 |
See Notes to Financial Highlights and Notes to Financial Statements.
45
Table of Contents
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
Net Asset Value, Beginning of Period | Net Investment Income (Loss) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Operations | Dividends from Net Investment Income | Distributions from Tax Return of Capital | Distributions from Realized Capital Gains | Total Dividends and Distributions | Payments by Affiliates | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(a) | Ratio of Net Expenses to Average Net Assets(b) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimburse ments)(b) | Ratio of Net Investment Income to Average Net Assets(b) | Portfolio Turnover Rate(c) | |||||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | $16.90 | $0.09 | (d) | $0.63 | $0.72 | $— | $— | $— | $— | $— | $17.62 | $419,570 | 4.26 | % | 1.22 | % | 1.36 | % | 1.05 | % | 34 | % | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 15.67 | 0.19 | (d) | 3.27 | 3.46 | (0.19 | ) | — | (2.04 | ) | (2.23 | ) | — | 16.90 | 379,768 | 22.60 | 1.19 | 1.37 | 1.13 | 81 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 13.70 | 0.21 | (d) | 1.95 | 2.16 | (0.19 | ) | — | — | (0.19 | ) | — | 15.67 | 287,957 | 15.93 | 1.16 | 1.26 | 1.48 | 78 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 13.41 | 0.19 | (d) | 0.27 | 0.46 | (0.17 | ) | — | — | (0.17 | ) | — | 13.70 | 233,782 | 3.58 | 1.12 | 1.12 | 1.50 | 110 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 11.66 | 0.15 | (d) | 1.74 | 1.89 | (0.14 | ) | — | — | (0.14 | ) | — | 13.41 | 80,048 | 16.37 | 1.13 | 1.13 | 1.20 | 134 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 7.96 | 0.14 | 3.71 | 3.85 | (0.15 | ) | — | — | (0.15 | ) | — | 11.66 | 33,805 | 48.59 | 1.11 | 1.12 | 1.37 | 105 | ||||||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 16.59 | 0.05 | (d) | 0.61 | 0.66 | — | — | — | — | — | 17.25 | 20,772 | 3.98 | 1.71 | 1.71 | 0.57 | 34 | |||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 15.42 | 0.10 | (d) | 3.22 | 3.32 | (0.11 | ) | — | (2.04 | ) | (2.15 | ) | — | 16.59 | 20,239 | 21.98 | 1.71 | 1.71 | 0.60 | 81 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 13.50 | 0.12 | (d) | 1.92 | 2.04 | (0.12 | ) | — | — | (0.12 | ) | — | 15.42 | 16,394 | 15.25 | 1.75 | 1.75 | 0.89 | 78 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 13.21 | 0.08 | (d) | 0.29 | 0.37 | (0.08 | ) | — | — | (0.08 | ) | — | 13.50 | 17,027 | 2.86 | 1.82 | 1.82 | 0.68 | 110 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 11.49 | 0.06 | (d) | 1.72 | 1.78 | (0.06 | ) | — | — | (0.06 | ) | — | 13.21 | 18,686 | 15.53 | 1.83 | 1.83 | 0.48 | 134 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 7.87 | 0.07 | 3.65 | 3.72 | (0.10 | ) | — | — | (0.10 | ) | — | 11.49 | 19,823 | 47.43 | 1.81 | 1.82 | 0.67 | 105 | ||||||||||||||||||||||||||||||||||||||||||||||
IS Shares(h) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 17.54 | 0.06 | (d) | 0.17 | 0.23 | — | — | — | — | — | 17.77 | 37,967 | 1.31 | 0.72 | 0.72 | 1.89 | 34 | |||||||||||||||||||||||||||||||||||||||||||||||
Mid-Cap Value Equity Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 14.09 | 0.07 | (d) | 0.27 | 0.34 | — | — | — | — | — | 14.43 | 3,339,981 | 2.41 | 1.10 | 1.10 | 1.02 | 42 | |||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 13.06 | 0.14 | (d) | 2.64 | 2.78 | (0.12 | ) | — | (1.63 | ) | (1.75 | ) | — | 14.09 | 3,159,585 | 22.03 | 1.09 | 1.10 | 1.02 | 108 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 11.07 | 0.16 | (d) | 2.00 | 2.16 | (0.14 | ) | — | (0.03 | ) | (0.17 | ) | — | 13.06 | 2,168,210 | 19.73 | 1.08 | 1.08 | 1.44 | 123 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 12.70 | 0.17 | (d) | (0.66 | ) | (0.49 | ) | (0.17 | ) | — | (0.97 | ) | (1.14 | ) | — | 11.07 | 1,679,244 | (2.33 | ) | 1.04 | 1.04 | 1.56 | 182 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 11.17 | 0.10 | (d) | 2.26 | 2.36 | (0.09 | ) | — | (0.74 | ) | (0.83 | ) | — | 12.70 | 1,710,610 | 21.89 | 1.04 | 1.04 | 0.91 | 170 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 6.45 | 0.11 | 4.73 | 4.84 | (0.12 | ) | — | — | (0.12 | ) | — | 11.17 | 803,168 | 75.36 | 1.03 | 1.04 | 1.11 | 195 | ||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 13.96 | 0.06 | (d) | 0.25 | 0.31 | — | — | — | — | — | 14.27 | 596,011 | 2.22 | 1.37 | 1.41 | 0.76 | 42 | |||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 12.96 | 0.10 | (d) | 2.62 | 2.72 | (0.09 | ) | — | (1.63 | ) | (1.72 | ) | — | 13.96 | 611,880 | 21.68 | 1.35 | 1.40 | 0.76 | 108 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.99 | 0.13 | (d) | 1.98 | 2.11 | (0.11 | ) | — | (0.03 | ) | (0.14 | ) | — | 12.96 | 490,381 | 19.43 | 1.34 | 1.38 | 1.17 | 123 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 12.62 | 0.15 | (d) | (0.67 | ) | (0.52 | ) | (0.14 | ) | — | (0.97 | ) | (1.11 | ) | — | 10.99 | 433,674 | (2.63 | ) | 1.34 | 1.34 | 1.40 | 182 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 11.11 | 0.08 | (d) | 2.24 | 2.32 | (0.07 | ) | — | (0.74 | ) | (0.81 | ) | — | 12.62 | 252,165 | 21.55 | 1.35 | 1.35 | 0.70 | 170 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 6.42 | 0.09 | 4.70 | 4.79 | (0.10 | ) | — | — | (0.10 | ) | — | 11.11 | 36,756 | 74.87 | 1.32 | 1.34 | 0.70 | 195 | ||||||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 13.72 | 0.03 | (d) | 0.25 | 0.28 | — | — | — | — | — | 14.00 | 81,288 | 2.04 | 1.75 | 1.75 | 0.38 | 42 | |||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 12.77 | 0.05 | (d) | 2.58 | 2.63 | (0.05 | ) | — | (1.63 | ) | (1.68 | ) | — | 13.72 | 81,961 | 21.26 | 1.76 | 1.76 | 0.36 | 108 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.85 | 0.07 | (d) | 1.95 | 2.02 | (0.07 | ) | — | (0.03 | ) | (0.10 | ) | — | 12.77 | 53,893 | 18.75 | 1.86 | 1.86 | 0.65 | 123 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 12.48 | 0.07 | (d) | (0.66 | ) | (0.59 | ) | (0.07 | ) | — | (0.97 | ) | (1.04 | ) | — | 10.85 | 42,272 | (3.32 | ) | 2.04 | 2.04 | 0.65 | 182 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 11.02 | — | (d) | 2.21 | 2.21 | (0.01 | ) | — | (0.74 | ) | (0.75 | ) | — | 12.48 | 24,496 | 20.71 | 2.04 | 2.04 | (0.04 | ) | 170 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 6.38 | 0.02 | 4.67 | 4.69 | (0.05 | ) | — | — | (0.05 | ) | — | 11.02 | 5,853 | 73.71 | 2.03 | 2.04 | 0.13 | 195 |
See Notes to Financial Highlights and Notes to Financial Statements.
46
Table of Contents
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
Net Asset Value, Beginning of Period | Net Investment Income (Loss) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Operations | Dividends from Net Investment Income | Distributions from Tax Return of Capital | Distributions from Realized Capital Gains | Total Dividends and Distributions | Payments by Affiliates | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(a) | Ratio of Net Expenses to Average Net Assets(b) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimburse ments)(b) | Ratio of Net Investment Income to Average Net Assets(b) | Portfolio Turnover Rate(c) | |||||||||||||||||||||||||||||||||||||||||||||||||
IS Shares(h) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | $14.28 | $0.04 | (d) | $0.11 | $0.15 | $— | $— | $— | $— | $— | $14.43 | $15,815 | 1.05 | % | 0.76 | % | 0.76 | % | 1.71 | % | 41 | % | ||||||||||||||||||||||||||||||||||||||||||
Select Large Cap Growth Stock Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 28.58 | (0.03 | )(d) | 0.98 | 0.95 | — | — | — | — | — | 29.53 | 4,398 | 3.32 | 1.09 | 1.28 | (0.22 | ) | 16 | ||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 26.91 | (0.02 | )(d) | 6.43 | 6.41 | — | — | (4.74 | ) | (4.74 | ) | — | 28.58 | 4,952 | 23.97 | 1.07 | 1.07 | (0.08 | ) | 48 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 33.89 | 0.01 | (d) | (0.26 | ) | (0.25 | ) | — | — | (6.73 | ) | (6.73 | ) | — | 26.91 | 19,813 | 0.37 | 1.06 | 1.06 | 0.04 | 57 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 32.51 | (0.04 | )(d) | 2.24 | 2.20 | — | — | (0.82 | ) | (0.82 | ) | — | 33.89 | 34,499 | 7.31 | 1.05 | 1.05 | (0.13 | ) | 66 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 27.79 | 0.02 | (d) | 4.70 | 4.72 | — | — | — | — | — | 32.51 | 80,589 | 16.98 | 0.99 | 0.99 | 0.07 | 72 | |||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 19.74 | 0.04 | 8.03 | 8.07 | (0.02 | ) | — | (f) | — | (0.02 | ) | — | 27.79 | 114,100 | 40.93 | 0.96 | 0.96 | 0.18 | 65 | |||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 27.63 | (0.07 | )(d) | 0.96 | 0.89 | — | — | — | — | — | 28.52 | 897 | 3.22 | 1.36 | 1.44 | (0.49 | ) | 16 | ||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 26.22 | (0.10 | )(d) | 6.25 | 6.15 | — | — | (4.74 | ) | (4.74 | ) | — | 27.63 | 1,000 | 23.58 | 1.34 | 1.34 | (0.36 | ) | 48 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 33.28 | (0.06 | )(d) | (0.27 | ) | (0.33 | ) | — | — | (6.73 | ) | (6.73 | ) | — | 26.22 | 765 | 0.13 | 1.33 | 1.33 | (0.21 | ) | 57 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 32.04 | (0.13 | )(d) | 2.19 | 2.06 | — | — | (0.82 | ) | (0.82 | ) | — | 33.28 | 796 | 6.98 | 1.36 | 1.36 | (0.43 | ) | 66 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 27.47 | (0.06 | )(d) | 4.63 | 4.57 | — | — | — | — | — | 32.04 | 698 | 16.64 | 1.29 | 1.29 | (0.21 | ) | 72 | ||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 19.54 | (0.03 | ) | 7.97 | 7.94 | (0.01 | ) | — | (f) | — | (0.01 | ) | — | 27.47 | 244 | 40.65 | 1.25 | 1.26 | (0.10 | ) | 65 | |||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 23.02 | (0.14 | )(d) | 0.80 | 0.66 | — | — | — | — | — | 23.68 | 13,415 | 2.87 | 2.08 | 2.14 | (1.20 | ) | 16 | ||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 22.64 | (0.26 | )(d) | 5.38 | 5.12 | — | — | (4.74 | ) | (4.74 | ) | — | 23.02 | 14,212 | 22.72 | 2.04 | 2.04 | (1.06 | ) | 48 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 29.90 | (0.24 | )(d) | (0.29 | ) | (0.53 | ) | — | — | (6.73 | ) | (6.73 | ) | — | 22.64 | 13,675 | (0.58 | ) | 2.02 | 2.02 | (0.91 | ) | 57 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 29.08 | (0.31 | )(d) | 1.95 | 1.64 | — | — | (0.82 | ) | (0.82 | ) | — | 29.90 | 16,053 | 6.24 | 2.06 | 2.06 | (1.13 | ) | 66 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 25.10 | (0.23 | )(d) | 4.21 | 3.98 | — | — | — | — | — | 29.08 | 18,332 | 15.86 | 1.99 | 1.99 | (0.92 | ) | 72 | ||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 17.99 | (0.19 | ) | 7.30 | 7.11 | — | — | (f) | — | — | — | 25.10 | 19,040 | 39.52 | 1.96 | 1.96 | (0.81 | ) | 65 | |||||||||||||||||||||||||||||||||||||||||||||
Small Cap Growth Stock Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 16.82 | (0.07 | )(d) | (1.41 | ) | (1.48 | ) | — | — | — | — | — | 15.34 | 130,945 | (8.80 | ) | 1.26 | 1.36 | (0.92 | ) | 17 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 15.66 | (0.16 | )(d) | 4.23 | 4.07 | — | — | (2.91 | ) | (2.91 | ) | — | 16.82 | 170,409 | 25.98 | 1.26 | 1.31 | (0.91 | ) | 90 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 17.21 | (0.08 | )(d) | 2.19 | 2.11 | — | — | (3.66 | ) | (3.66 | ) | — | 15.66 | 152,674 | 14.20 | 1.21 | 1.21 | (0.50 | ) | 50 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 17.17 | (0.10 | )(d) | 0.14 | (g) | 0.04 | — | — | — | — | — | 17.21 | 267,694 | 0.23 | 1.23 | 1.23 | (0.62 | ) | 71 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 13.32 | (0.11 | )(d) | 3.96 | 3.85 | — | — | — | — | — | 17.17 | 408,399 | 28.90 | 1.23 | 1.23 | (0.81 | ) | 112 | ||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 8.52 | (0.09 | ) | 4.89 | 4.80 | — | — | — | — | — | 13.32 | 358,947 | 56.34 | 1.22 | 1.22 | (0.76 | ) | 103 | ||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 15.30 | (0.07 | )(d) | (1.28 | ) | (1.35 | ) | — | — | — | — | — | 13.95 | 9,320 | (8.82 | ) | 1.32 | 1.32 | (0.97 | ) | 17 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 14.46 | (0.15 | )(d) | 3.90 | 3.75 | — | — | (2.91 | ) | (2.91 | ) | — | 15.30 | 10,880 | 25.92 | 1.29 | 1.29 | (0.94 | ) | 90 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 16.18 | (0.11 | )(d) | 2.05 | 1.94 | — | — | (3.66 | ) | (3.66 | ) | — | 14.46 | 10,226 | 14.07 | 1.37 | 1.37 | (0.69 | ) | 50 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 16.19 | (0.14 | )(d) | 0.13 | (g) | (0.01 | ) | — | — | — | — | — | 16.18 | 10,032 | (0.06 | ) | 1.54 | 1.54 | (0.91 | ) | 71 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 12.59 | (0.15 | )(d) | 3.75 | 3.60 | — | — | — | — | — | 16.19 | 12,235 | 28.59 | 1.53 | 1.53 | (1.11 | ) | 112 | ||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 8.08 | (0.12 | ) | 4.63 | 4.51 | — | — | — | — | — | 12.59 | 11,517 | 55.82 | 1.52 | 1.52 | (1.06 | ) | 103 |
See Notes to Financial Highlights and Notes to Financial Statements.
47
Table of Contents
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
Net Asset Value, Beginning of Period | Net Investment Income (Loss) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Operations | Dividends from Net Investment Income | Distributions from Tax Return of Capital | Distributions from Realized Capital Gains | Total Dividends and Distributions | Payments by Affiliates | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(a) | Ratio of Net Expenses to Average Net Assets(b) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimburse ments)(b) | Ratio of Net Investment Income to Average Net Assets(b) | Portfolio Turnover Rate(c) | |||||||||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | $11.82 | $(0.09 | )(d) | $(0.99 | ) | $(1.08 | ) | $— | $— | $— | $— | $— | $10.74 | $6,133 | (9.14 | ) % | 1.96 | % | 1.96 | % | (1.61 | ) % | 17 | % | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.77 | (0.20 | )(d) | 3.16 | 2.96 | — | — | (2.91 | ) | (2.91 | ) | — | 11.82 | 7,255 | 25.10 | 1.94 | 1.94 | (1.59 | ) | 90 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 13.91 | (0.18 | )(d) | 1.70 | 1.52 | — | — | (3.66 | ) | (3.66 | ) | — | 11.77 | 6,757 | 13.30 | 2.05 | 2.05 | (1.39 | ) | 50 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 14.01 | (0.21 | )(d) | 0.11 | (g) | (0.10 | ) | — | — | — | — | — | 13.91 | 8,129 | (0.71 | ) | 2.24 | 2.24 | (1.61 | ) | 71 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 10.98 | (0.21 | )(d) | 3.24 | 3.03 | — | — | — | — | — | 14.01 | 9,636 | 27.60 | 2.23 | 2.23 | (1.81 | ) | 112 | ||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 7.10 | (0.17 | ) | 4.05 | 3.88 | — | — | — | — | — | 10.98 | 8,827 | 54.65 | 2.22 | 2.22 | (1.76 | ) | 103 | ||||||||||||||||||||||||||||||||||||||||||||||
IS Shares(h) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 15.61 | — | (d) | (0.27 | ) | (0.27 | ) | — | — | — | — | — | 15.34 | 5,952 | (1.73 | ) | 0.98 | 0.98 | (0.52 | ) | 17 | |||||||||||||||||||||||||||||||||||||||||||
Small Cap Value Equity Fund |
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I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 17.95 | 0.07 | (d) | (1.41 | ) | (1.34 | ) | — | — | — | — | — | 16.61 | 1,297,749 | (7.47 | ) | 1.22 | 1.22 | 0.78 | 1 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 15.45 | 0.17 | (d) | 3.11 | 3.28 | (0.14 | ) | — | (0.64 | ) | (0.78 | ) | — | 17.95 | 1,528,174 | 21.34 | 1.22 | 1.22 | 1.01 | 37 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 13.80 | 0.20 | (d) | 2.08 | 2.28 | (0.23 | ) | — | (0.40 | ) | (0.63 | ) | — | 15.45 | 1,408,597 | 17.07 | 1.20 | 1.20 | 1.44 | 27 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 14.54 | 0.12 | (d) | (0.07 | )(g) | 0.05 | (0.12 | ) | — | (0.67 | ) | (0.79 | ) | — | 13.80 | 1,169,093 | 1.15 | 1.20 | 1.20 | 0.92 | 46 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 11.76 | 0.10 | (d) | 2.79 | 2.89 | (0.11 | ) | — | — | (0.11 | ) | — | 14.54 | 1,002,005 | 24.68 | 1.21 | 1.21 | 0.82 | 72 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 7.57 | 0.11 | 4.20 | 4.31 | (0.12 | ) | — | — | (0.12 | ) | — | 11.76 | 612,490 | 57.15 | 1.21 | 1.21 | 1.29 | 62 | ||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 17.61 | 0.04 | (d) | (1.38 | ) | (1.34 | ) | — | — | — | — | — | 16.27 | 162,177 | (7.61 | ) | 1.52 | 1.52 | 0.48 | 1 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 15.19 | 0.12 | (d) | 3.05 | 3.17 | (0.11 | ) | — | (0.64 | ) | (0.75 | ) | — | 17.61 | 195,098 | 20.96 | 1.50 | 1.50 | 0.73 | 37 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 13.58 | 0.15 | (d) | 2.05 | 2.20 | (0.19 | ) | — | (0.40 | ) | (0.59 | ) | — | 15.19 | 181,308 | 16.77 | 1.50 | 1.50 | 1.14 | 27 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 14.33 | 0.08 | (d) | (0.08 | )(g) | — | (0.08 | ) | — | (0.67 | ) | (0.75 | ) | — | 13.58 | 169,100 | 0.81 | 1.50 | 1.50 | 0.63 | 46 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 11.59 | 0.06 | (d) | 2.75 | 2.81 | (0.07 | ) | — | — | (0.07 | ) | — | 14.33 | 103,365 | 24.38 | 1.52 | 1.52 | 0.48 | 72 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 7.47 | 0.07 | 4.15 | 4.22 | (0.10 | ) | — | — | (0.10 | ) | — | 11.59 | 17,826 | 56.66 | 1.50 | 1.50 | 1.00 | 62 | ||||||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 16.71 | 0.01 | (d) | (1.31 | ) | (1.30 | ) | — | — | — | — | — | 15.41 | 33,141 | (7.78 | ) | 1.87 | 1.87 | 0.13 | 1 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 14.47 | 0.06 | (d) | 2.90 | 2.96 | (0.08 | ) | — | (0.64 | ) | (0.72 | ) | — | 16.71 | 38,408 | 20.53 | 1.87 | 1.87 | 0.36 | 37 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 12.98 | 0.08 | (d) | 1.95 | 2.03 | (0.14 | ) | — | (0.40 | ) | (0.54 | ) | — | 14.47 | 36,015 | 16.17 | 1.99 | 1.99 | 0.65 | 27 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 13.76 | (0.01 | )(d) | (0.08 | )(g) | (0.09 | ) | (0.02 | ) | — | (0.67 | ) | (0.69 | ) | — | 12.98 | 38,107 | 0.12 | 2.20 | 2.20 | (0.08 | ) | 46 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 11.15 | (0.02 | )(d) | 2.64 | 2.62 | (0.01 | ) | — | — | (0.01 | ) | — | 13.76 | 32,074 | 23.51 | 2.21 | 2.21 | (0.18 | ) | 72 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 7.20 | 0.02 | 3.97 | 3.99 | (0.04 | ) | — | — | (0.04 | ) | — | 11.15 | 17,601 | 55.48 | 2.21 | 2.21 | 0.30 | 62 | ||||||||||||||||||||||||||||||||||||||||||||||
Aggressive Growth Allocation Strategy(i) |
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I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 8.98 | 0.01 | (d) | 0.17 | 0.18 | — | — | — | — | — | 9.16 | 9,450 | 2.00 | 0.50 | 1.00 | 0.16 | 15 | |||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 8.95 | 0.09 | (d) | 1.50 | 1.59 | (0.29 | ) | — | (1.27 | ) | (1.56 | ) | — | 8.98 | 14,143 | 18.41 | 0.50 | 0.94 | 0.99 | 12 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 8.50 | 0.06 | (d) | 0.48 | 0.54 | (0.09 | ) | — | — | (0.09 | ) | — | 8.95 | 18,577 | 6.45 | 0.40 | 0.81 | 0.77 | 35 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 8.57 | 0.08 | (d) | (0.02 | ) | 0.06 | (0.13 | ) | — | — | (0.13 | ) | — | 8.50 | 18,993 | 0.89 | 0.20 | 0.45 | 0.98 | 55 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 7.43 | 0.05 | (d) | 1.18 | 1.23 | (0.09 | ) | — | — | (0.09 | ) | — | 8.57 | 22,524 | 16.73 | 0.20 | 0.52 | 0.71 | 19 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 5.06 | 0.10 | 2.36 | 2.46 | (0.09 | ) | — | — | (0.09 | ) | — | 7.43 | 22,335 | 48.74 | — | 0.33 | 1.41 | 23 |
See Notes to Financial Highlights and Notes to Financial Statements.
48
Table of Contents
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
Net Asset Value, Beginning of Period | Net Investment Income (Loss) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Operations | Dividends from Net Investment Income | Distributions from Tax Return of Capital | Distributions from Realized Capital Gains | Total Dividends and Distributions | Payments by Affiliates | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(a) | Ratio of Net Expenses to Average Net Assets(b) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimburse ments)(b) | Ratio of Net Investment Income to Average Net Assets(b) | Portfolio Turnover Rate(c) | |||||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | $8.89 | $— | (d)(f) | $0.17 | $0.17 | $— | $— | $— | $— | $— | $9.06 | $4,626 | 1.91 | % | 0.70 | % | 1.00 | % | (0.03 | ) % | 15 | % | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 8.88 | 0.09 | (d) | 1.46 | 1.55 | (0.27 | ) | — | (1.27 | ) | (1.54 | ) | — | 8.89 | 4,752 | 18.11 | 0.70 | 0.95 | 0.95 | 12 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 8.43 | 0.04 | (d) | 0.49 | 0.53 | (0.08 | ) | — | — | (0.08 | ) | — | 8.88 | 4,110 | 6.30 | 0.63 | 0.90 | 0.51 | 35 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 8.52 | 0.05 | (d) | (0.03 | ) | 0.02 | (0.11 | ) | — | — | (0.11 | ) | — | 8.43 | 4,982 | 0.42 | 0.50 | 0.75 | 0.61 | 55 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 7.38 | 0.04 | (d) | 1.17 | 1.21 | (0.07 | ) | — | — | (0.07 | ) | — | 8.52 | 4,655 | 16.48 | 0.50 | 0.84 | 0.51 | 19 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 5.04 | 0.07 | 2.34 | 2.41 | (0.07 | ) | — | — | (0.07 | ) | — | 7.38 | 2,438 | 48.02 | — | 0.63 | 1.03 | 23 | ||||||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 8.66 | (0.03 | )(d) | 0.17 | 0.14 | — | — | — | — | — | 8.80 | 743 | 1.62 | 1.30 | 1.61 | (0.62 | ) | 15 | ||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 8.69 | 0.03 | (d) | 1.44 | 1.47 | (0.23 | ) | — | (1.27 | ) | (1.50 | ) | — | 8.66 | 675 | 17.50 | 1.30 | 1.56 | 0.31 | 12 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 8.28 | (0.01 | )(d) | 0.46 | 0.45 | (0.04 | ) | — | — | (0.04 | ) | — | 8.69 | 704 | 5.47 | 1.27 | 1.56 | (0.10 | ) | 35 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 8.39 | (0.01 | )(d) | (0.02 | ) | (0.03 | ) | (0.08 | ) | — | — | (0.08 | ) | — | 8.28 | 811 | (0.21 | ) | 1.20 | 1.45 | (0.12 | ) | 55 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 7.30 | (0.02 | )(d) | 1.16 | 1.14 | (0.05 | ) | — | — | (0.05 | ) | — | 8.39 | 1,059 | 15.70 | 1.20 | 1.52 | (0.33 | ) | 19 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 5.00 | 0.03 | 2.32 | 2.35 | (0.05 | ) | — | — | (0.05 | ) | — | 7.30 | 1,554 | 47.14 | — | 1.33 | 0.37 | 23 | ||||||||||||||||||||||||||||||||||||||||||||||
Conservative Allocation Strategy(i) |
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I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 12.60 | 0.11 | (d) | 0.14 | 0.25 | — | — | — | — | — | 12.85 | 31,520 | 2.07 | 0.30 | 0.43 | 1.63 | 6 | |||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 12.54 | 0.24 | (d) | 0.68 | 0.92 | (0.34 | ) | — | (0.52 | ) | (0.86 | ) | — | 12.60 | 28,894 | 7.48 | (j) | 0.30 | 0.38 | 1.88 | 24 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 12.27 | 0.21 | (d) | 0.46 | 0.67 | (0.27 | ) | — | (0.13 | ) | (0.40 | ) | — | 12.54 | 27,387 | 5.55 | 0.27 | 0.39 | 1.72 | 40 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 12.07 | 0.27 | (d) | 0.38 | 0.65 | (0.34 | ) | — | (0.11 | ) | (0.45 | ) | — | 12.27 | 21,585 | 5.61 | 0.20 | 0.40 | 2.24 | 28 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 11.51 | 0.28 | (d) | 0.75 | 1.03 | (0.46 | ) | — | (0.01 | ) | (0.47 | ) | — | 12.07 | 12,897 | 9.15 | 0.20 | 0.66 | 2.41 | 28 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 9.81 | 0.27 | 1.72 | 1.99 | (0.28 | ) | — | (0.01 | ) | (0.29 | ) | — | 11.51 | 6,310 | 20.51 | 0.20 | 0.53 | 2.61 | 29 | |||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 12.59 | 0.09 | (d) | 0.15 | 0.24 | — | — | — | — | — | 12.83 | 15,231 | 1.91 | 0.60 | 0.67 | 1.33 | 6 | |||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 12.53 | 0.20 | (d) | 0.67 | 0.87 | (0.29 | ) | — | (0.52 | ) | (0.81 | ) | — | 12.59 | 15,271 | 7.14 | 0.60 | 0.66 | 1.57 | 24 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 12.26 | 0.17 | (d) | 0.47 | 0.64 | (0.24 | ) | — | (0.13 | ) | (0.37 | ) | — | 12.53 | 16,940 | 5.29 | 0.56 | 0.68 | 1.37 | 40 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 12.06 | 0.22 | (d) | 0.39 | 0.61 | (0.30 | ) | — | (0.11 | ) | (0.41 | ) | — | 12.26 | 24,322 | 5.32 | 0.50 | 0.70 | 1.83 | 28 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 11.51 | 0.28 | (d) | 0.71 | 0.99 | (0.43 | ) | — | (0.01 | ) | (0.44 | ) | — | 12.06 | 8,371 | 8.73 | 0.50 | 0.96 | 2.35 | 28 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 9.81 | 0.23 | 1.74 | 1.97 | (0.26 | ) | — | (0.01 | ) | (0.27 | ) | — | 11.51 | 3,137 | 20.25 | 0.50 | 0.89 | 2.27 | 29 | |||||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 12.46 | 0.04 | (d) | 0.15 | 0.19 | — | — | — | — | — | 12.65 | 17,364 | 1.61 | 1.30 | 1.33 | 0.63 | 6 | |||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 12.42 | 0.11 | (d) | 0.67 | 0.78 | (0.22 | ) | — | (0.52 | ) | (0.74 | ) | — | 12.46 | 17,110 | 6.38 | (j) | 1.30 | 1.32 | 0.89 | 24 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 12.18 | 0.09 | (d) | 0.47 | 0.56 | (0.19 | ) | — | (0.13 | ) | (0.32 | ) | — | 12.42 | 15,410 | 4.58 | 1.27 | 1.35 | 0.73 | 40 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 11.99 | 0.15 | (d) | 0.38 | 0.53 | (0.23 | ) | — | (0.11 | ) | (0.34 | ) | — | 12.18 | 12,447 | 4.56 | 1.20 | 1.40 | 1.27 | 28 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 11.44 | 0.17 | (d) | 0.74 | 0.91 | (0.35 | ) | — | (0.01 | ) | (0.36 | ) | — | 11.99 | 7,305 | 8.07 | 1.20 | 1.65 | 1.47 | 28 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 9.77 | 0.16 | 1.71 | 1.87 | (0.19 | ) | — | (0.01 | ) | (0.20 | ) | — | 11.44 | 4,294 | 19.29 | 1.20 | 1.52 | 1.61 | 29 |
See Notes to Financial Highlights and Notes to Financial Statements.
49
Table of Contents
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
Net Asset Value, Beginning of Period | Net Investment Income (Loss) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Operations | Dividends from Net Investment Income | Distributions from Tax Return of Capital | Distributions from Realized Capital Gains | Total Dividends and Distributions | Payments by Affiliates | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(a) | Ratio of Net Expenses to Average Net Assets(b) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimburse ments)(b) | Ratio of Net Investment Income to Average Net Assets(b) | Portfolio Turnover Rate(c) | |||||||||||||||||||||||||||||||||||||||||||||||||
Growth Allocation Strategy(i) |
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I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | $11.38 | $0.03 | (d) | $0.21 | $0.24 | $— | $— | $— | $— | $— | $11.62 | $51,585 | 2.11 | % | 0.50 | % | 0.67 | % | 0.44 | % | 4 | % | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.28 | 0.14 | (d) | 1.61 | 1.75 | (0.35 | ) | — | (1.30 | ) | (1.65 | ) | — | 11.38 | 53,043 | 15.96 | 0.50 | 0.67 | 1.16 | 14 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.64 | 0.11 | (d) | 0.68 | 0.79 | (0.15 | ) | — | — | (0.15 | ) | — | 11.28 | 55,222 | 7.52 | 0.40 | 0.55 | 1.04 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 10.56 | 0.15 | (d) | 0.15 | 0.30 | (0.22 | ) | — | — | (0.22 | ) | — | 10.64 | 57,078 | 3.06 | 0.20 | 0.26 | 1.53 | 49 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 9.52 | 0.14 | (d) | 1.13 | 1.27 | (0.23 | ) | — | — | (0.23 | ) | — | 10.56 | 55,332 | 13.58 | 0.20 | 0.31 | 1.44 | 25 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 7.02 | 0.15 | 2.50 | 2.65 | (0.15 | ) | — | — | (0.15 | ) | — | 9.52 | 54,407 | 37.92 | 0.19 | 0.24 | 1.70 | 21 | ||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 11.33 | 0.01 | (d) | 0.22 | 0.23 | — | — | — | — | — | 11.56 | 8,833 | 1.94 | 0.69 | 0.69 | 0.25 | 4 | |||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.23 | 0.12 | (d) | 1.61 | 1.73 | (0.33 | ) | — | (1.30 | ) | (1.63 | ) | — | 11.33 | 9,609 | 15.84 | 0.67 | 0.67 | 1.06 | 14 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.61 | 0.09 | (d) | 0.66 | 0.75 | (0.13 | ) | — | — | (0.13 | ) | — | 11.23 | 8,975 | 7.16 | 0.61 | 0.64 | 0.84 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 10.53 | 0.12 | (d) | 0.15 | 0.27 | (0.19 | ) | — | — | (0.19 | ) | — | 10.61 | 11,092 | 2.76 | 0.50 | 0.56 | 1.22 | 49 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 9.48 | 0.13 | (d) | 1.12 | 1.25 | (0.20 | ) | — | — | (0.20 | ) | — | 10.53 | 10,934 | 13.35 | 0.50 | 0.61 | 1.35 | 25 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 7.00 | 0.13 | 2.48 | 2.61 | (0.13 | ) | — | — | (0.13 | ) | — | 9.48 | 3,638 | 37.46 | 0.49 | 0.54 | 1.39 | 21 | ||||||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 11.13 | (0.02 | )(d) | 0.21 | 0.19 | — | — | — | — | — | 11.32 | 3,025 | 1.71 | 1.29 | 1.29 | (0.35 | ) | 4 | ||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.08 | 0.06 | (d) | 1.56 | 1.62 | (0.27 | ) | — | (1.30 | ) | (1.57 | ) | — | 11.13 | 2,989 | 15.05 | 1.28 | 1.28 | 0.49 | 14 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.48 | 0.02 | (d) | 0.66 | 0.68 | (0.08 | ) | — | — | (0.08 | ) | — | 11.08 | 2,602 | 6.55 | 1.25 | 1.28 | 0.22 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 10.41 | 0.05 | (d) | 0.15 | 0.20 | (0.13 | ) | — | — | (0.13 | ) | — | 10.48 | 2,793 | 2.03 | 1.20 | 1.26 | 0.50 | 49 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 9.38 | 0.04 | (d) | 1.12 | 1.16 | (0.13 | ) | — | — | (0.13 | ) | — | 10.41 | 3,063 | 12.50 | 1.20 | 1.31 | 0.43 | 25 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 6.94 | 0.07 | 2.46 | 2.53 | (0.09 | ) | — | — | (0.09 | ) | — | 9.38 | 3,234 | 36.53 | 1.19 | 1.24 | 0.69 | 21 | ||||||||||||||||||||||||||||||||||||||||||||||
Moderate Allocation Strategy(i) |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 11.18 | 0.05 | (d) | 0.18 | 0.23 | — | — | — | — | — | 11.41 | 98,715 | 1.97 | 0.50 | 0.57 | 0.95 | 4 | |||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.11 | 0.16 | (d) | 1.09 | 1.25 | (0.31 | ) | — | (0.87 | ) | (1.18 | ) | — | 11.18 | 109,457 | 11.56 | 0.50 | 0.54 | 1.44 | 18 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.77 | 0.15 | (d) | 0.54 | 0.69 | (0.18 | ) | — | (0.17 | ) | (0.35 | ) | — | 11.11 | 139,912 | 6.60 | 0.40 | 0.43 | 1.37 | 29 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 10.60 | 0.20 | (d) | 0.27 | 0.47 | (0.28 | ) | — | (0.02 | ) | (0.30 | ) | — | 10.77 | 133,382 | 4.63 | 0.20 | 0.22 | 1.96 | 38 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 9.84 | 0.20 | (d) | 0.90 | 1.10 | (0.34 | ) | — | — | (0.34 | ) | — | 10.60 | 122,804 | 11.45 | 0.20 | 0.23 | 2.00 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 7.76 | 0.20 | 2.09 | 2.29 | (0.21 | ) | — | — | (0.21 | ) | — | 9.84 | 125,016 | 29.66 | 0.19 | 0.21 | 2.22 | 21 | ||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 11.15 | 0.05 | (d) | 0.17 | 0.22 | — | — | — | — | — | 11.37 | 18,217 | 1.97 | 0.64 | 0.64 | 0.80 | 4 | |||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.08 | 0.15 | (d) | 1.09 | 1.24 | (0.30 | ) | — | (0.87 | ) | (1.17 | ) | — | 11.15 | 20,171 | 11.48 | 0.62 | 0.62 | 1.32 | 18 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.75 | 0.13 | (d) | 0.54 | 0.67 | (0.17 | ) | — | (0.17 | ) | (0.34 | ) | — | 11.08 | 19,622 | 6.36 | 0.58 | 0.59 | 1.19 | 29 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 10.58 | 0.18 | (d) | 0.26 | 0.44 | (0.25 | ) | — | (0.02 | ) | (0.27 | ) | — | 10.75 | 20,366 | 4.33 | 0.50 | 0.52 | 1.70 | 38 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 9.82 | 0.18 | (d) | 0.89 | 1.07 | (0.31 | ) | — | — | (0.31 | ) | — | 10.58 | 14,416 | 11.11 | 0.50 | 0.53 | 1.79 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 7.75 | 0.17 | 2.08 | 2.25 | (0.18 | ) | — | — | (0.18 | ) | — | 9.82 | 8,615 | 29.23 | 0.49 | 0.51 | 1.91 | 21 |
See Notes to Financial Highlights and Notes to Financial Statements.
50
Table of Contents
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
Net Asset Value, Beginning of Period | Net Investment Income (Loss) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Operations | Dividends from Net Investment Income | Distributions from Tax Return of Capital | Distributions from Realized Capital Gains | Total Dividends and Distributions | Payments by Affiliates | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(a) | Ratio of Net Expenses to Average Net Assets(b) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimburse ments)(b) | Ratio of Net Investment Income to Average Net Assets(b) | Portfolio Turnover Rate(c) | |||||||||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | $11.06 | $0.01 | (d) | $0.18 | $0.19 | $— | $— | $— | $— | $— | $11.25 | $13,620 | 1.72 | % | 1.23 | % | 1.23 | % | 0.22 | % | 4 | % | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.00 | 0.08 | (d) | 1.08 | 1.16 | (0.23 | ) | — | (0.87 | ) | (1.10 | ) | — | 11.06 | 14,591 | 10.81 | 1.21 | 1.21 | 0.73 | 18 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.69 | 0.06 | (d) | 0.54 | 0.60 | (0.12 | ) | — | (0.17 | ) | (0.29 | ) | — | 11.00 | 14,106 | 5.69 | 1.20 | 1.21 | 0.56 | 29 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 10.52 | 0.10 | (d) | 0.27 | 0.37 | (0.18 | ) | — | (0.02 | ) | (0.20 | ) | — | 10.69 | 15,028 | 3.60 | 1.20 | 1.22 | 0.95 | 38 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 9.77 | 0.09 | (d) | 0.90 | 0.99 | (0.24 | ) | — | — | (0.24 | ) | — | 10.52 | 15,252 | 10.29 | 1.20 | 1.23 | 0.95 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 7.72 | 0.11 | 2.07 | 2.18 | (0.13 | ) | — | — | (0.13 | ) | — | 9.77 | 15,431 | 28.31 | 1.19 | 1.21 | 1.21 | 21 |
^ | Unaudited. |
(a) | Total return excludes sales charge. Not annualized for periods less than one year. |
(b) | Annualized for periods less than one year. |
(c) | Not annualized for periods less than one year. |
(d) | Per share data calculated using average shares outstanding method. |
(e) | The amount shown for the net investment income ratio does not represent the actual prorata amount allocated to the share class due to large redemptions during the year. |
(f) | Rounds to less than $0.005 per share. |
(g) | Realized and unrealized gain (loss) per share does not correlate to the aggregate of the net realized and unrealized gain (loss) in the Statements of Operations for the year ended March 31, 2012, primarily due to the timing of the sales and repurchases of the Fund’s shares in relation to fluctuating market values for the Fund’s portfolio. |
(h) | IS Shares commenced operations on August 1, 2014. |
(i) | The Fund and its shareholders indirectly bear a pro rata share of the acquired fund fees and expenses incurred by the underlying investment companies in which the Fund is invested. The expense ratios do not include such acquired fund fees and expenses. |
(j) | Generally accepted accounting principles require adjustments to be made to the net assets of the Fund at period end for financial reporting purposes, and as such, the net asset values for shareholder transactions and the returns based on those net asset values may differ from the net asset values and returns reported in the management’s discussion of Fund performance. |
See Notes to Financial Highlights and Notes to Financial Statements.
51
Table of Contents
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
1. | Organization |
The RidgeWorth Funds (the “Trust”) is organized as a Massachusetts business trust and is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust is authorized to issue an unlimited number of shares without par value. The financial statements presented herein are those of the Aggressive Growth Stock Fund, International Equity Fund, International Equity Index Fund, Large Cap Growth Stock Fund, Large Cap Value Equity Fund, Mid-Cap Value Equity Fund, Select Large Cap Growth Stock Fund, Small Cap Growth Stock Fund, Small Cap Value Equity Fund, Aggressive Growth Allocation Strategy, Conservative Allocation Strategy, Growth Allocation Strategy and Moderate Allocation Strategy (each, a “Fund” and collectively, the “Funds”), which are each a diversified series of the Trust.
The Aggressive Growth Stock Fund, International Equity Fund and International Equity Index Fund offer I Shares and A Shares. Select Large Cap Growth Stock Fund, Small Cap Value Equity Fund, Aggressive Growth Allocation Strategy, Conservative Allocation Strategy, Growth Allocation Strategy and Moderate Allocation Strategy offer I Shares, A Shares and C Shares. The Large Cap Growth Stock Fund, Large Cap Value Equity Fund, Mid-Cap Value Equity Fund and Small Cap Growth Stock Fund offer I Shares, A Shares, C Shares and IS Shares.
The assets of each Fund are segregated and a shareholder’s interest is limited to the Fund in which shares are held. Each class of shares has identical rights and privileges except with respect to fees paid under the Distribution and Service Plan, voting rights on matters affecting a single class of shares and sales charges. The A Shares of the Funds (except Conservative Allocation Strategy) have a maximum sales charge on purchases of 5.75% as a percentage of original purchase price. Conservative Allocation Strategy A Shares have a maximum sales charge on purchases of 4.75% as a percentage of original purchase price. Certain purchases of A Shares will not be subject to a front-end sales charge but will be subject to a contingent deferred sales charge (“CDSC”) of 0.75%, if redeemed within two years of purchase. The deferred sales charge may be waived from time to time for certain broker-dealers that waive payment of compensation to them. The C Shares have a maximum CDSC of 1.00% as a percentage of either the original purchase price or the next calculated price after the Funds receive a redemption request, whichever is less, if shares are redeemed within one year of purchase. There is no sales charge on purchases of I shares or IS Shares.
The Trust’s officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust. In addition, in the normal course of business, the Trust enters into contracts with its vendors and others that provide for general indemnifications. The Trust’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Trust. However, based on experience, the Trust expects that risk of loss to be remote.
2. | Significant Accounting Policies |
The following are significant accounting policies consistently followed by the Funds which are in conformity with accounting principles generally accepted in the U.S. (“GAAP”). Estimates and assumptions are required to be made regarding assets, liabilities and changes in net assets resulting from operations when financial statements are prepared. Changes in the economic environment, financial markets and any other parameters used in determining these estimates could cause actual results to differ.
(a) Investment Valuation — Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. The prices are provided by independent pricing vendors approved by the Board of Trustees of the Trust (the “Board”).
The Funds, in accordance with GAAP, have adopted Financial Accounting Standards Board Codification Topic 820 (“ASC Topic 820”). ASC Topic 820 establishes a single definition of fair value, creates a three-tier hierarchy as a framework for measuring fair value based on inputs used to value the Funds’ investments, and requires additional disclosure about fair value. The hierarchy of inputs is summarized below:
Ÿ | Level 1— Investments whose values are based on quoted market prices in active markets, and whose values are therefore classified as Level 1 prices, include active listed equities. Investments in underlying funds are valued at their NAV daily and are classified as Level 1 prices. |
Ÿ | Level 2 — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources |
52
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
supported by observable inputs are classified as Level 2 prices. These generally include less liquid equities and certain equity securities listed or traded on foreign security exchanges which include a fair valuation adjustment factor applied to their equity prices as of the end of the period. |
Ÿ | Level 3 — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not available for these securities, the Funds use one or more valuation techniques for which sufficient and reliable data is available. The inputs used by the Funds in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non transferability, with the amount of such discount estimated by the Funds in the absence of market information. Assumptions used by the Funds due to the lack of observable inputs may significantly impact the resulting fair value and therefore the Funds’ results of operations. |
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The Funds use valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.
When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before each Fund calculates its NAV, each of the Funds will value the security as determined in accordance with the Pricing and Valuation Procedures approved by the Board. The Pricing and Valuation Procedures are performed and monitored by a Valuation Committee (the “Committee”) designated by the Board. Some of the more common reasons which may necessitate that a security be fair valued in accordance with the Pricing and Valuation Procedures include, but are not limited to: the security’s trading has been halted or suspended; the security has been de-listed from a national exchange; the security’s primary trading market is temporarily closed at a time when, under normal conditions, it would be open; or the security’s primary pricing source is not able or willing to provide a price. When a security is fair valued in accordance with the Pricing and Valuation Procedures, the Committee determines the value after taking into consideration relevant information reasonably available to the Committee. Under the Pricing and Valuation Procedures, such securities may be considered Level 2 or Level 3 in the fair value hierarchy. Short-term obligations with maturities of 60 days or less are valued at amortized cost, which approximates fair value, and such securities are considered Level 2 in the fair value hierarchy. Certain Funds hold securities or other assets that are denominated in a foreign currency. The Funds will normally use the currency exchange rates as of 4:00 p.m. (Eastern Time) when valuing such assets.
The assets of Aggressive Growth Allocation Strategy, Conservative Allocation Strategy, Growth Allocation Strategy and Moderate Allocation Strategy (the “Allocation Strategies”) consist of investments in other funds including affiliated Funds (See Note 7), which are valued at their respective daily net asset values. Recognition of net investment income by the Allocation Strategies is affected by the timing of the declaration of dividends by the other funds in which the Allocation Strategies invest. Also, in addition to the Allocation Strategies’ direct expenses, shareholders bear a proportionate share of the underlying funds’ expenses. Each underlying fund’s accounting policies and investment holdings are outlined in the underlying funds’ financial statements and are available upon request.
53
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
The following is a summary of the inputs used in valuing the Funds’ assets and liabilities carried at fair value as of September 30, 2014:
Level 1 - Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | |||||||||||||
Aggressive Growth Stock Fund | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks1 | $55,496,882 | $— | $— | $55,496,882 | ||||||||||||
Money Market Fund | 327,079 | — | — | 327,079 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 55,823,961 | — | — | 55,823,961 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
International Equity Fund | ||||||||||||||||
Assets | ||||||||||||||||
Common Stocks | ||||||||||||||||
Austria | 267,721 | — | — | 267,721 | ||||||||||||
Belgium | 732,577 | — | — | 732,577 | ||||||||||||
China | 1,007,119 | — | — | 1,007,119 | ||||||||||||
Denmark | 735,096 | — | — | 735,096 | ||||||||||||
France | 4,821,668 | — | — | 4,821,668 | ||||||||||||
Germany | 2,820,979 | — | — | 2,820,979 | ||||||||||||
Italy | 114,021 | — | — | 114,021 | ||||||||||||
Japan | 5,935,232 | — | — | 5,935,232 | ||||||||||||
Netherlands | 933,608 | — | — | 933,608 | ||||||||||||
Norway | 437,786 | — | — | 437,786 | ||||||||||||
Singapore | 308,019 | — | — | 308,019 | ||||||||||||
South Korea | 264,086 | — | — | 264,086 | ||||||||||||
Switzerland | 1,951,287 | — | — | 1,951,287 | ||||||||||||
United Kingdom | 3,548,436 | — | — | 3,548,436 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Common Stocks | 23,877,635 | — | — | 23,877,635 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Preferred Stock | ||||||||||||||||
Germany | 378,330 | — | — | 378,330 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Preferred Stock | 378,330 | — | — | 378,330 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 24,255,965 | — | — | 24,255,965 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
International Equity Index Fund |
| |||||||||||||||
Assets | ||||||||||||||||
Common Stocks | ||||||||||||||||
Australia | 2,908,268 | 0 | — | 2,908,268 | ||||||||||||
Austria | 693,109 | — | — | 693,109 | ||||||||||||
Belgium | 1,053,398 | — | — | 1,053,398 | ||||||||||||
Cayman Islands | 27,332 | — | — | 27,332 | ||||||||||||
Denmark | 697,263 | — | — | 697,263 | ||||||||||||
Finland | 524,357 | — | — | 524,357 | ||||||||||||
France | 5,120,622 | — | — | 5,120,622 | ||||||||||||
Germany | 6,345,412 | — | — | 6,345,412 | ||||||||||||
Guernsey | 12,986 | — | — | 12,986 | ||||||||||||
Hong Kong | 551,856 | — | — | 551,856 | ||||||||||||
Ireland | 457,892 | — | 0 | 2 | 457,892 | |||||||||||
Israel | 652,762 | — | — | 652,762 | ||||||||||||
Italy | 3,777,423 | — | — | 3,777,423 | ||||||||||||
Japan | 10,784,213 | — | — | 10,784,213 | ||||||||||||
Jersey | 113,414 | — | — | 113,414 | ||||||||||||
Luxembourg | 289,845 | — | — | 289,845 | ||||||||||||
Macau | 4,161 | — | — | 4,161 | ||||||||||||
Mauritius | 9,059 | — | — | 9,059 | ||||||||||||
Netherlands | 1,746,036 | — | — | 1,746,036 | ||||||||||||
New Zealand | 348,807 | — | — | 348,807 |
54
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Level 1 - Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | |||||||||||||
Norway | $980,142 | $— | $— | $980,142 | ||||||||||||
Portugal | 384,713 | — | — | 384,713 | ||||||||||||
Singapore | 582,290 | — | — | 582,290 | ||||||||||||
Spain | 2,688,355 | — | — | 2,688,355 | ||||||||||||
Sweden | 1,081,865 | — | — | 1,081,865 | ||||||||||||
Switzerland | 1,472,342 | — | — | 1,472,342 | ||||||||||||
United Kingdom | 4,822,702 | — | — | 4,822,702 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Common Stocks | 48,130,624 | 0 | 0 | 2 | 48,130,624 | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Preferred Stocks | ||||||||||||||||
Germany | 426,819 | — | — | 426,819 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Preferred Stocks | 426,819 | — | — | 426,819 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Rights | ||||||||||||||||
Austria | — | — | 0 | 2 | 0 | |||||||||||
Italy | 0 | — | — | 0 | ||||||||||||
Spain | 3,553 | — | — | 3,553 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Rights | 3,553 | — | 0 | 2 | 3,553 | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Exchange Traded Funds | ||||||||||||||||
United States | 1,782,168 | — | — | 1,782,168 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Exchange Traded Funds | 1,782,168 | — | — | 1,782,168 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Trusts | ||||||||||||||||
Australia | 6,125 | — | — | 6,125 | ||||||||||||
Singapore | 12,649 | — | — | 12,649 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Trusts | 18,774 | — | — | 18,774 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Short-Term Investment | — | 735,370 | — | 735,370 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Money Market Fund | 429,231 | — | — | 429,231 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 50,791,169 | 735,370 | 0 | 2 | 51,526,539 | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Large Cap Growth Stock Fund |
| |||||||||||||||
Assets | ||||||||||||||||
Common Stocks1 | 265,537,537 | — | — | 265,537,537 | ||||||||||||
Short-Term Investment | — | 2,638,000 | — | 2,638,000 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 265,537,537 | 2,638,000 | — | 268,175,537 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Large Cap Value Equity Fund |
| |||||||||||||||
Assets | ||||||||||||||||
Common Stocks1 | 2,243,640,274 | — | — | 2,243,640,274 | ||||||||||||
Money Market Fund | 48,225,741 | — | — | 48,225,741 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 2,291,866,015 | — | — | 2,291,866,015 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Mid-Cap Value Equity Fund |
| |||||||||||||||
Assets | ||||||||||||||||
Common Stocks1 | 3,997,639,103 | — | — | 3,997,639,103 | ||||||||||||
Short-Term Investment | — | 98,449,250 | — | 98,449,250 | ||||||||||||
Money Market Fund | 27,547,744 | — | — | 27,547,744 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 4,025,186,847 | 98,449,250 | — | 4,123,636,097 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Select Large Cap Growth Stock Fund |
| |||||||||||||||
Assets | ||||||||||||||||
Common Stocks1 | 18,435,057 | — | — | 18,435,057 | ||||||||||||
Money Market Fund | 281,154 | — | — | 281,154 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 18,716,211 | — | — | 18,716,211 | ||||||||||||
|
|
|
|
|
|
|
|
55
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Level 1 - Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | |||||||||||||
Small Cap Growth Stock Fund |
| |||||||||||||||
Assets | ||||||||||||||||
Common Stocks1 | $151,944,382 | $— | $— | $151,944,382 | ||||||||||||
Short-Term Investment | — | 16,863,900 | — | 16,863,900 | ||||||||||||
Money Market Fund | 852,384 | — | — | 852,384 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 152,796,766 | 16,863,900 | — | 169,660,666 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Small Cap Value Equity Fund |
| |||||||||||||||
Assets | ||||||||||||||||
Common Stocks1 | 1,483,959,912 | — | — | 1,483,959,912 | ||||||||||||
Money Market Fund | 7,981,597 | — | — | 7,981,597 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 1,491,941,509 | — | — | 1,491,941,509 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Aggressive Growth Allocation Strategy3 |
| |||||||||||||||
Assets | ||||||||||||||||
Equity Funds | 10,398,524 | — | — | 10,398,524 | ||||||||||||
Fixed Income Funds | 1,637,074 | — | — | 1,637,074 | ||||||||||||
Exchange Traded Funds | 2,620,274 | — | — | 2,620,274 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 14,655,872 | — | — | 14,655,872 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Conservative Allocation Strategy3 |
| |||||||||||||||
Assets | ||||||||||||||||
Equity Funds | 18,152,781 | — | — | 18,152,781 | ||||||||||||
Fixed Income Funds | 33,672,720 | — | — | 33,672,720 | ||||||||||||
Exchange Traded Funds | 11,750,136 | — | — | 11,750,136 | ||||||||||||
Money Market Fund | 545,857 | — | — | 545,857 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 64,121,494 | — | — | 64,121,494 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Growth Allocation Strategy3 |
| |||||||||||||||
Assets | ||||||||||||||||
Equity Funds | 39,358,486 | — | — | 39,358,486 | ||||||||||||
Fixed Income Funds | 12,241,787 | — | — | 12,241,787 | ||||||||||||
Exchange Traded Funds | 11,303,216 | — | — | 11,303,216 | ||||||||||||
Money Market Fund | 588,878 | — | — | 588,878 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 63,492,367 | — | — | 63,492,367 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Moderate Allocation Strategy3 |
| |||||||||||||||
Assets | ||||||||||||||||
Equity Funds | 59,302,972 | — | — | 59,302,972 | ||||||||||||
Fixed Income Funds | 46,929,236 | — | — | 46,929,236 | ||||||||||||
Exchange Traded Funds | 23,512,610 | — | — | 23,512,610 | ||||||||||||
Money Market Fund | 1,096,923 | — | — | 1,096,923 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 130,841,741 | — | — | 130,841,741 | ||||||||||||
|
|
|
|
|
|
|
|
1 | Please see the Schedule of Portfolio Investments for Sector or Country Classification. |
2 | As of September 30, 2014 the securities designated as Level 3 were fair valued using significant unobservable inputs under procedures adopted by the Board. Such valuations were based on a review of inputs such as, but not limited to, similar securities, company specific financial information, and company specific news. Each of these securities are Board fair valued securities for the year ended September 30, 2014. The Level 3 securities comprised 0.0% of net assets of each Fund. As such, the Level 3 roll forward and change in unrealized appreciation/depreciation of Level 3 securities held at year end have not been presented. |
3 | For more information regarding the investments of the underlying RidgeWorth Funds, please call 1-888-784-3863 or visit www.ridgeworthfunds.com. |
56
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
The Funds’ policy is to disclose transfers between levels based on valuations at the end of the reporting period. Each portfolio may hold securities which are periodically fair valued in accordance with the Pricing and Valuation Procedures. This may result in movements between Level 1 and Level 2 throughout the period. As of September 30, 2014, securities valued at $14,717,380 and $32,976,890 were transferred from Level 2 to Level 1 pursuant to the Pricing and Valuation Procedures for International Equity Fund and International Equity Index Fund, respectively. The transfers were a result of certain foreign equity securities including a fair valuation adjustment factor applied to their equity prices as of September 30, 2014.
(b) Security Transactions and Investment Income — Security transactions are accounted for on a trade date basis. Interest income, adjusted for amortization of premium and accretion of discount over the life of the securities, is recorded on the accrual basis. Domestic and foreign dividend income is recorded on the ex-dividend date or as soon as practicable after the Funds determine the existence of a dividend declaration after exercising reasonable due diligence. The cost of investments sold is determined by use of the specific identification method. To the extent any issuer defaults or a credit event occurs that impacts the issuer, the Funds may halt any additional interest income accruals and consider the Funds’ ability to realize interest accrued up to the date of default or credit event.
(c) Distributions to Shareholders — Distributions from net investment income of each of the Funds are declared quarterly to shareholders of record, and are paid quarterly, except for the International Equity Fund and the International Equity Index Fund for which distributions are declared and paid annually. Distributions of net realized capital gains, if any, are declared at least annually. Distributions to shareholders from each of the Funds are recorded on the ex-dividend date and are determined in accordance with income tax regulations, which may differ from GAAP.
(d) Expenses and Share Class Accounting — Expenses that are directly related to a specific Fund are charged to that Fund. Other operating expenses of the Trust are allocated pro-rata to the Funds on the basis of relative net assets or another appropriate basis. Investment income, common expenses, and realized/unrealized capital gains (losses) on investments are allocated to the various share classes of the Funds on the basis of relative daily net assets of each share class. Fees relating to a specific share class are charged directly to the share class.
(e) Forward Foreign Currency Contracts — Certain Funds may enter into forward foreign currency contracts to hedge against foreign currency exchange rate risk on non-U.S. dollar denominated securities or to facilitate settlement of a foreign currency denominated portfolio transaction. A forward foreign currency contract is an agreement between two parties to buy and sell a currency at a set price with delivery and settlement at a future date. The contract is marked-to-market daily and the change in value is recorded by the Fund as an unrealized gain or loss. When a forward foreign currency contract is closed, through either delivery or offset by entering into another forward foreign currency contract, the Fund recognizes a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value of the contract at the time it is closed.
Forward foreign currency contracts involve elements of market risk in excess of the amounts reflected on the Statements of Assets and Liabilities. The Funds bear the risk of an unfavorable change in the foreign exchange rate underlying the forward foreign currency contract. Risks may also arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of their contracts. The Funds did not hold any forward foreign currency contracts during the period ended September 30, 2014.
(f) Derivative Instruments — Certain Funds may enter into derivative contracts for purposes of pursuing their investment objectives, to use as a substitute for a purchase or sale of a position in the underlying assets and/or as part of a strategy designed to reduce exposure to other risks. The Funds did not hold any derivative instruments during the period ended September 30, 2014.
(g) Foreign Currency Translation — Investment securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts based upon prevailing exchange rates, as of the close of regular trading on the New York Stock Exchange (usually 4:00 p.m. Eastern Time), on the date of valuation. Purchases and sales of investment securities and income and expense items denominated in foreign currencies are translated into U.S. dollar amounts based upon prevailing exchange rates on the respective dates of such transactions.
The Funds do not isolate that portion of the results of operations resulting from fluctuations in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized and unrealized gain or loss on investments and foreign currencies.
Net realized foreign exchange gains or losses arise from sales of foreign currencies, including gains and losses on forward foreign currency contracts, currency gains or losses realized between the trade and settlement dates on
57
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
securities transactions, and the difference between the amounts of dividends, interest and foreign withholding taxes recorded and the amount actually received.
(h) Securities Lending — Each Fund may lend portfolio securities to brokers, dealers and other financial organizations that meet capital and other credit requirements or other criteria established by the Board. These loans may not exceed either (i) 50% of the sum of the market value of all securities of the Fund and the market value of securities purchased with cash collateral or (ii) 33.33% of the total market value of all securities of the Fund. No Fund will lend portfolio securities to its investment adviser, subadviser, or its affiliates unless it has applied for and received specific authority to do so from the Securities and Exchange Commission. Loans of portfolio securities are required to be fully collateralized by cash, letters of credit or U.S. government securities. The initial value of the collateral must be at least 102% of the market value of the securities loaned, if the securities loaned are U.S. securities (105% for non-U.S. securities); and maintained in an amount equal to at least 100% (103% for non-U.S. securities) thereafter. However, due to market fluctuations during the day, the value of securities loaned on a particular day may exceed the value of collateral. On each business day, the amount of collateral is adjusted based on the prior day’s market fluctuations and the current day’s lending activity. Income from lending activity is determined by the amount of interest earned on collateral, less any amounts payable to the borrowers of the securities and the lending agent. Lending securities involves certain risks; including the risk that a Fund may be delayed or prevented from recovering the collateral if the borrower fails to return the securities. A fee will be obtained from the borrower if letters of credit or U.S. government securities are used as collateral.
In accordance with the exemptive order obtained from the SEC, the Funds pool their money in a joint trading account, as described below. The cash collateral received is aggregated in a joint account by the Funds, providing RidgeWorth Investments a pool of cash to invest in short-term investments that have a remaining maturity of 397 days or less. The Funds are joint participants with other affiliated Funds of the Trust that are not presented in this report. As of September 30, 2014, the cash collateral received by the Funds was pooled and invested in the following securities. Each of the Funds participating in securities lending as of September 30, 2014 owned a pro-rata portion of the assets and liabilities listed below:
Shares | Value | |||||||
JPMorgan U.S. Government Money Market Fund, Capital Shares, 0.01% | 30,695,145 | $30,695,145 | ||||||
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 0.00% | 279,514,682 | 279,514,682 | ||||||
|
| |||||||
Total Investments (Cost $310,209,827) | 310,209,827 | |||||||
Amount due to Lending Agent | (21,305 | ) | ||||||
|
| |||||||
Net Investment Value | $310,188,522 | |||||||
|
|
The following Funds paid securities lending fees to the lending agent during the period ended September 30, 2014, which have been netted against Income from Securities Lending on the Statements of Operations. These fees are presented below:
Fund | Fee | |||
International Equity Fund | $3,007 | |||
International Equity Index Fund | 2,624 | |||
Large Cap Growth Stock Fund | 6,990 | |||
Large Cap Value Equity Fund | 333 | |||
Mid-Cap Value Equity Fund | 25,216 | |||
Select Large Cap Growth Stock Fund | 1 | |||
Small Cap Growth Stock Fund | 17,827 |
(i) Real Estate Investment Trusts — Certain Funds may own shares of real estate investment trusts (“REITs”) which report information on the source of their distributions annually. The Funds re-characterize distributions received from REIT investments based on information provided by the REITs into the following categories: ordinary income, long-term capital gains, and return of capital. If information is not available on a timely basis from the REITs, the re-characterization will be estimated based on available information which may include the previous year’s allocation. If new or additional information becomes available from the REITs at a later date, a re-characterization will be made in the following year. The Funds record as dividend income the amount re-characterized as ordinary
58
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
income and as realized gain the amount re-characterized as long-term capital gain in the Statements of Operations, and the amount re-characterized as a return of capital as a reduction to the cost of investments in the Statements of Assets and Liabilities and in the Schedules of Portfolio Investments. These re-characterizations are reflected in the accompanying financial statements.
(j) Restricted Securities — Certain Funds’ investments are restricted as to resale. All of these restricted securities have been deemed liquid by the Funds’ Investment Adviser based upon procedures approved by the Board, unless stated otherwise in the Funds’ Schedules of Portfolio Investments. As of September 30, 2014, the Funds’ did not have any restricted securities.
(k) Foreign Investment Risks — Certain Funds may invest in securities of foreign issuers in various countries. Investments in securities of foreign issuers carry certain risks not ordinarily associated with investments in securities of U.S. issuers. These risks include future political and economic developments, and the possible imposition of exchange controls or other foreign governmental laws and restrictions. In addition, with respect to certain countries, there is a possibility of expropriation of assets, confiscatory taxation, political or social instability or diplomatic developments, which could adversely affect investments in those countries. Emerging market countries are countries that the World Bank or the United Nations considers to be emerging or developing. Emerging markets may be more likely to experience political turmoil or rapid changes in market or economic conditions than more developed countries. In addition, the financial stability of issuers, including governments, in emerging market countries may be more precarious than in other countries. As a result, there may be an increased risk of price volatility associated with a Fund’s investments in emerging market countries, which may be magnified by currency fluctuations relative to the U.S. dollar. Please refer to each Fund’s prospectus for additional risk that may be associated with the Funds.
For securities subject to foreign withholding tax upon disposition, liabilities are recorded on the Statement of Assets and Liabilities for the estimated tax withholding based on the securities’ current market value. Upon disposition, realized gains or losses on such securities are recorded net of foreign withholding tax.
(l) Federal and Other Taxes — It is the Funds’ policy to comply with the federal income and excise tax requirements of the Internal Revenue Code of 1986 (the “Code”), as amended, applicable to regulated investment companies. Accordingly, the Funds intend to distribute taxable income and net realized gains, if any, to shareholders in accordance with timing requirements imposed by the Code. Therefore, no federal or state income tax provision is required in the Funds’ financial statements.
Management has analyzed the Funds’ tax positions taken on income tax returns for all open tax years and has concluded that as of September 30, 2014, no provision for income tax is required in the Funds’ financial statements. The Funds’ federal and state income and federal excise tax returns for tax years for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state departments of revenue.
Under the applicable foreign tax laws, a withholding tax may be imposed on interest, dividends and capital gains at various rates.
(m) Reclassification — GAAP requires that certain components of net assets be reclassified to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or NAV per share.
(n) Line of Credit —The Funds entered into a committed unsecured revolving line of credit agreement (“LOC”) with State Street Bank and Trust (“State Street Bank”) for an aggregate amount of $250,000,000. The proceeds may be used only to (1) temporarily finance the purchase and sale of securities; or (2) finance the redemption of shares of the Funds. The Funds will pay a commitment fee to State Street Bank in the amount of 0.11% per annum on the daily unused portion of the LOC. Borrowings under the LOC will accrue interest at the higher of (a) the Federal Funds Rate, or (b) the One-month LIBOR Rate, plus 1.25% per annum. Generally, repayments must be made within 60 days of the borrowings. Commitment fees and Interest expense paid to State Street Bank pursuant to this agreement are reflected on the Statements of Operations as a component of Other Fees. As of September 30, 2014, the Funds had outstanding borrowings in International Equity Fund and Large Cap Growth Stock Fund under the LOC.
59
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
The following Funds had an outstanding loan during the period. The borrowings were valued at cost, which approximates fair value.
Fund | Interest Incurred on Borrowing | Average Dollar Amount of Borrowing | Weighted Average Interest Rate on Borrowing | Days Loan was Open | ||||||||||||
Aggressive Growth Stock Fund | $993 | $772,178 | 1.42 | % | 33 | |||||||||||
International Equity Fund | 173 | 233,820 | 1.42 | 19 | ||||||||||||
International Equity Index Fund | 791 | 471,839 | 1.42 | 43 | ||||||||||||
Large Cap Growth Stock Fund | 1,194 | 1,923,686 | 1.42 | 16 | ||||||||||||
Small Cap Growth Stock Fund | 48 | 206,581 | 1.42 | 6 | ||||||||||||
Small Cap Value Equity Fund | 998 | 1,163,927 | 1.42 | 22 | ||||||||||||
Aggressive Growth Allocation Strategy | 59 | 1,512,952 | 1.42 | 1 | ||||||||||||
Growth Allocation Strategy | 25 | 630,494 | 1.42 | 1 | ||||||||||||
Moderate Allocation Strategy | 6 | 154,863 | 1.42 | 1 |
3. | Investment Adviser and Other Service Providers |
Investment Adviser — RidgeWorth Investments (“Investment Adviser”) serves as the investment adviser to the Funds. The Trust and the Investment Adviser have entered into an investment advisory agreement (“Advisory Agreement”). The Investment Adviser is a money–management holding company with multiple style-focused investment boutiques (“Subadvisers”). The Subadvisers for each of the Funds, other than the Allocation Strategies, which are not subadvised, are as follows: Ceredex Value Advisors LLC serves as the Subadviser for the Large Cap Value Equity Fund, Mid-Cap Value Equity Fund and Small Cap Value Equity Fund; Certium Asset Management LLC serves as the Subadviser for the International Equity Fund and International Equity Index Fund; Silvant Capital Management LLC serves as the Subadviser for the Large Cap Growth Stock Fund, Select Large Cap Growth Stock Fund and Small Cap Growth Stock Fund. Zevenbergen Capital Investments LLC serves as the Subadviser for the Aggressive Growth Stock Fund; and Zevenbergen Capital Investments LLC is a minority-owned subsidiary of the Investment Adviser. Each of the other Subadvisers is a wholly-owned subsidiary of the Investment Adviser. The Investment Adviser pays the Subadvisers out of the investment advisory fees it receives from the Funds.
Under the terms of the Advisory Agreement, the Funds are charged annual advisory fees, which are computed daily and paid monthly based upon average daily net assets. Breakpoints are used in computing the overall annual advisory fee. The maximum annual advisory fee is charged on average daily net assets of each Fund up to $500 million. A discount of 5% applies on the next $500 million, a discount of 10% applies on the next $4 billion and a discount of 15% applies on amounts over $5 billion. Fee rates for the period ended September 30, 2014 were as follows:
Fund | Maximum Annual Advisory Fee | Discounted Annual Advisory Fee | Advisory Fees Waived/Expense Reimbursed | Net Annual Fees Paid* | ||||||||||||
Aggressive Growth Stock Fund | 0.85 | % | 0.85 | % | (0.03 | )% | 0.82 | % | ||||||||
International Equity Fund | 0.90 | 0.90 | (0.07 | ) | 0.83 | |||||||||||
International Equity Index Fund | 0.45 | 0.45 | (0.93 | ) | — | |||||||||||
Large Cap Growth Stock Fund | 0.70 | 0.70 | (0.10 | ) | 0.60 | |||||||||||
Large Cap Value Equity Fund | 0.70 | 0.65 | (0.14 | ) | 0.51 | |||||||||||
Mid-Cap Value Equity Fund | 0.75 | 0.69 | (0.01 | ) | 0.68 | |||||||||||
Select Large Cap Growth Stock Fund | 0.70 | 0.70 | (0.09 | ) | 0.61 | |||||||||||
Small Cap Growth Stock Fund | 0.85 | 0.85 | (0.09 | ) | 0.76 | |||||||||||
Small Cap Value Equity Fund | 0.85 | 0.80 | — | 0.80 | ||||||||||||
Aggressive Growth Allocation Strategy | 0.10 | 0.10 | (0.44 | ) | — | |||||||||||
Conservative Allocation Strategy | 0.10 | 0.10 | (0.09 | ) | 0.01 | |||||||||||
Growth Allocation Strategy | 0.10 | 0.10 | (0.14 | ) | — | |||||||||||
Moderate Allocation Strategy | 0.10 | 0.10 | (0.06 | ) | 0.04 |
* | Aggregate annual fees paid to the Investment Adviser, who pays the applicable Subadviser a portion of the fees for its services to the Funds. |
Amounts designated as “—” are 0%.
60
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
The Investment Adviser and the applicable Subadviser have contractually agreed, until at least August 1, 2015, to waive fees and/or reimburse expenses for each of the following Funds to the extent necessary to maintain each Fund’s total annual fund operating expenses (excluding, as applicable, taxes, brokerage commissions, substitute dividend expenses on securities sold short, interest expense, extraordinary expenses and indirect expenses attributable to the Fund’s investment in other funds), expressed as a percentage of average daily net assets, as noted below:
Contractual Expense Limitations August 1, 2014 to September 30, 2014 | ||||||||||||||||
Fund | I Shares | A Shares | C Shares | IS Shares | ||||||||||||
Aggressive Growth Stock Fund* | 1.30 | % | 1.50 | % | N/A | % | N/A | % | ||||||||
International Equity Fund* | 1.37 | 1.57 | N/A | N/A | ||||||||||||
International Equity Index Fund* | 0.68 | 1.02 | N/A | N/A | ||||||||||||
Large Cap Growth Stock Fund* | 0.97 | 1.25 | 1.95 | 0.85 | ||||||||||||
Large Cap Value Equity Fund* | 0.97 | 1.27 | 1.97 | 0.85 | ||||||||||||
Mid-Cap Value Equity Fund* | 1.15 | 1.40 | 2.00 | 0.95 | ||||||||||||
Select Large Cap Growth Stock Fund* | 1.10 | 1.35 | 2.05 | N/A | ||||||||||||
Small Cap Growth Stock Fund* | 1.30 | 1.55 | 2.20 | 1.05 | ||||||||||||
Small Cap Value Equity Fund* | 1.30 | 1.55 | 2.15 | N/A | ||||||||||||
Aggressive Growth Allocation Strategy | 0.50 | 0.70 | 1.30 | N/A | ||||||||||||
Conservative Allocation Strategy | 0.30 | 0.60 | 1.30 | N/A | ||||||||||||
Growth Allocation Strategy | 0.50 | 0.70 | 1.30 | N/A | ||||||||||||
Moderate Allocation Strategy | 0.50 | 0.70 | 1.30 | N/A |
* | For the period April 1, 2014 to July 31, 2014 the Contractual Expense Limitations were as follows: |
Fund | I Shares | A Shares | C Shares | IS Shares | ||||||||||||
Aggressive Growth Stock Fund | 1.29 | % | 1.50 | % | N/A | % | N/A | % | ||||||||
International Equity Fund | 1.37 | 1.57 | N/A | N/A | ||||||||||||
International Equity Index Fund | 0.68 | 1.02 | N/A | N/A | ||||||||||||
Large Cap Growth Stock Fund | 0.90 | 1.20 | 1.90 | N/A | ||||||||||||
Large Cap Value Equity Fund | 0.90 | 1.20 | 1.90 | N/A | ||||||||||||
Mid-Cap Value Equity Fund | 1.10 | 1.35 | 1.95 | N/A | ||||||||||||
Select Large Cap Growth Stock Fund | 1.09 | 1.37 | 2.09 | N/A | ||||||||||||
Small Cap Growth Stock Fund | 1.24 | 1.52 | 2.24 | N/A | ||||||||||||
Small Cap Value Equity Fund | 1.31 | 1.55 | 2.15 | N/A |
Under the Expense Limitation Agreement, the Investment Adviser may retain the difference between the Contractual Expense Limitations identified above and the actual total expenses to recapture any of its prior contractual waivers or reimbursements at a date not to exceed three years from the date of such waivers or reimbursements. Such repayments shall be made monthly, but only to the extent that such repayments would not cause the annualized total expense ratio to exceed the contractual expense limitation in place at that time. Under certain circumstances, the Advisor may choose to voluntarily waive fees. In the event that the Advisor voluntarily waives any fees, these waived fees are not subject to recoupment by the Advisor. During the period ended September 30, 2014, the Investment Adviser did not recapture any of its prior contractual waivers or reimbursements. As of September 30, 2014, the cumulative potential recoupments recoverable pursuant to this agreement are as follows:
Expires | ||||||||||||||||
Fund | 2015 | 2016 | 2017 | 2018 | ||||||||||||
Aggressive Growth Stock Fund | $— | $7,685 | $21,142 | $6,864 | ||||||||||||
International Equity Fund | — | — | 388 | 10,731 | ||||||||||||
International Equity Index Fund | — | 83,256 | 391,395 | 242,225 | ||||||||||||
Large Cap Growth Stock Fund | — | 373 | 323,087 | 145,217 | ||||||||||||
Large Cap Value Equity Fund | — | 275,540 | 3,069,235 | 1,587,483 |
61
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Expires | ||||||||||||||||
Fund | 2015 | 2016 | 2017 | 2018 | ||||||||||||
Mid-Cap Value Equity Fund | $— | $174,546 | $437,950 | $120,160 | ||||||||||||
Select Large Cap Growth Stock Fund | — | 71 | 298 | 9,358 | ||||||||||||
Small Cap Growth Stock Fund | — | 24 | 78,271 | 74,303 | ||||||||||||
Small Cap Value Equity Fund | — | 2,051 | — | – | ||||||||||||
Aggressive Growth Allocation Strategy | 63,460 | 87,752 | 84,819 | 42,439 | ||||||||||||
Conservative Allocation Strategy | 75,713 | 65,489 | 37,397 | 26,761 | ||||||||||||
Growth Allocation Strategy | 42,458 | 86,203 | 90,194 | 46,049 | ||||||||||||
Moderate Allocation Strategy | 34,791 | 36,646 | 48,002 | 37,844 |
Amounts designated as “—” are $0.
Fund Accounting, Custody, Administration, and Transfer Agency — State Street Bank and Trust Company (“State Street Bank”) serves as the fund accounting agent and custodian for the Trust pursuant to a Master Custodian Agreement. The custodian is responsible for the safekeeping of the assets of the Funds and the fund accounting agent is responsible for calculating the Funds’ NAVs. State Street Bank, as the Funds’ custodian and fund accounting agent, is paid on the basis of net assets and transaction costs of the Funds. State Street Bank also serves as the administrator for the Trust pursuant to an administration agreement. State Street Bank, as the Funds’ administrator, is paid on the basis of net assets of the Funds which are allocated among the series of the Trust, on the basis of relative net assets.
Boston Financial Data Services, Inc. (“BFDS”) serves as the transfer agent to the Trust pursuant to a Transfer Agency and Service Agreement. BFDS is paid on the basis of net assets, per account fees and certain transaction costs.
Custodian Credits — The Funds have an agreement with their custodian under which custody fees may be reduced by balance credits. These credits, if any, are shown as a reduction of custody expenses on the Statements of Operations.
Distribution — The Trust and RidgeWorth Distributors LLC (the “Distributor”) are parties to a Distribution Agreement.
In addition, with respect to the A Shares and C Shares, the Distributor receives amounts, pursuant to a Distribution and Service Plan, based upon average daily net assets of each respective class, which are computed daily and paid monthly. For the period ended September 30, 2014, the Distributor did not retain any of the front end sales charges assessed on the sale of Class A Shares. For the period ended September 30, 2014, the Distributor did not retain any commissions from contingent deferred sales charges assessed on the redemption of Class C Shares. These fees, expressed as a percentage of average daily net assets, for the period ended September 30, 2014, were as follows:
Fund | A Share Distribution and Service Fee | C Share Distribution and Service Fee | ||||||
Aggressive Growth Stock Fund | 0.30 | % | N/A | % | ||||
International Equity Fund | 0.30 | N/A | ||||||
International Equity Index Fund | 0.30 | N/A | ||||||
Large Cap Growth Stock Fund | 0.30 | 1.00 | ||||||
Large Cap Value Equity Fund | 0.30 | 1.00 | ||||||
Mid-Cap Value Equity Fund | 0.30 | 1.00 | ||||||
Select Large Cap Growth Stock Fund | 0.30 | 1.00 | ||||||
Small Cap Growth Stock Fund | 0.30 | 1.00 | ||||||
Small Cap Value Equity Fund | 0.30 | 1.00 | ||||||
Aggressive Growth Allocation Strategy | 0.30 | 1.00 | ||||||
Conservative Allocation Strategy | 0.30 | 1.00 | ||||||
Growth Allocation Strategy | 0.30 | 1.00 | ||||||
Moderate Allocation Strategy | 0.30 | 1.00 |
62
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Shareholder Servicing Fees — The Funds have adopted a shareholder services fee for the I Shares and A Shares. Each of these Funds (or class thereof, as the case may be) may pay a services fee to financial institutions that provide certain services to the Funds. The services under each of these Plans may include, among others, providing general shareholder liaison services (including responding to shareholder inquiries), providing information on shareholder investments, and establishing and maintaining shareholder accounts and records. The Funds may pay a fee under the Plan up to an annual rate of 0.40% (except for Conservative Allocation Strategy which may pay 0.20%) of average daily net assets of a Fund’s I Shares or A Shares.
Other Fees —The Investment Adviser provides compliance and certain administrative services to the Trust to ensure compliance with applicable laws and regulations. For the period ended September 30, 2014, the Investment Adviser was paid $809,064 for these services. Foreside Compliance Services, LLC (“FCS”) an affiliate of the Distributor, provides an Anti-Money Laundering Officer/Identity Theft Prevention Officer (“AML Officer”) to the Trust. Fees paid to FCS pursuant to these agreements are reflected on the Statements of Operations as a component of “Other Fees” as applicable.
Neither FCS nor any of their officers or employees who serve as an officer of the Trust, have any role in determining the Funds’ investment policies or which securities are to be purchased or sold by the Trust or its Funds.
Certain officers of the Trust are also officers or employees of the Investment Adviser, FCS and the administrator. Such officers receive no fees from the Trust for serving as officers of the Trust.
Each of the Trustees receives an annual retainer and an additional fee for each meeting attended, plus reimbursement for certain expenses incurred. Trustees receive an additional fee for membership at committee meetings. Information on the aggregate remuneration paid to the Trustees can be found on the Statements of Operations.
4. | Capital Stock Transactions |
Transactions in capital shares and dollars for the year ended March 31, 2014 and the period ended September 30, 2014 were as follows:
Shares Issued | Shares Reinvested | Shares Redeemed | Net Increase (Decrease) in Shares Outstanding | Proceeds from Shares Issued | Dividends Reinvested | Cost of Shares Redeemed | Change in Net Assets from Capital Transactions | |||||||||||||||||||||||||
Aggressive Growth Stock Fund | ||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 617,153 | — | (775,349 | ) | (158,196 | ) | $13,678,538 | $— | $(16,254,410 | ) | $(2,575,872 | ) | ||||||||||||||||||||
3/31/2014 | 1,974,875 | 89,126 | (1,216,056 | ) | 847,945 | 42,048,557 | 1,850,258 | (25,164,387 | ) | 18,734,428 | ||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 253,446 | — | (400,976 | ) | (147,530 | ) | 5,362,013 | — | (8,230,191 | ) | (2,868,178 | ) | ||||||||||||||||||||
3/31/2014 | 834,895 | 22,771 | (122,112 | ) | 735,554 | 17,394,636 | 457,695 | (2,446,166 | ) | 15,406,165 | ||||||||||||||||||||||
International Equity Fund |
| |||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 128,088 | — | (614,627 | ) | (486,539 | ) | 1,589,652 | — | (7,539,952 | ) | (5,950,300 | ) | ||||||||||||||||||||
3/31/2014 | 453,732 | 268,683 | (21,984,115 | ) | (21,261,700 | ) | 5,594,420 | 3,230,144 | (273,816,068 | ) | (264,991,504 | ) | ||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 28,994 | — | (24,782 | ) | 4,212 | 359,365 | — | (302,980 | ) | 56,385 | ||||||||||||||||||||||
3/31/2014 | 22,485 | 38,365 | (68,627 | ) | (7,777 | ) | 272,452 | 452,044 | (841,713 | ) | (117,217 | ) | ||||||||||||||||||||
International Equity Index Fund |
| |||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 2,525,787 | — | (2,590,902 | ) | (65,115 | ) | 14,359,138 | — | (14,830,520 | ) | (471,382 | ) | ||||||||||||||||||||
3/31/2014 | 3,265,129 | 12,550,022 | (25,427,129 | ) | (9,611,978 | ) | 25,304,397 | 96,330,446 | (214,776,390 | ) | (93,141,547 | ) | ||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 30,026 | — | (91,159 | ) | (61,133 | ) | 168,158 | — | (503,065 | ) | (334,907 | ) | ||||||||||||||||||||
3/31/2014 | 52,808 | 332,353 | (84,736 | ) | 300,425 | 406,063 | 2,079,023 | (622,831 | ) | 1,862,255 |
63
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Shares Issued | Shares Reinvested | Shares Redeemed | Net Increase (Decrease) in Shares Outstanding | Proceeds from Shares Issued | Dividends Reinvested | Cost of Shares Redeemed | Change in Net Assets from Capital Transactions | |||||||||||||||||||||||||
Large Cap Growth Stock Fund |
| |||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 546,205 | — | (8,053,616 | ) | (7,507,411 | ) | $5,428,189 | $— | $(79,997,180 | ) | $(74,568,991 | ) | ||||||||||||||||||||
3/31/2014 | 2,462,320 | 1,490,087 | (4,756,373 | ) | (803,966 | ) | 22,297,839 | 14,066,418 | (43,898,754 | ) | (7,534,497 | ) | ||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 118,082 | — | (479,810 | ) | (361,728 | ) | 1,006,536 | — | (4,138,280 | ) | (3,131,744 | ) | ||||||||||||||||||||
3/31/2014 | 695,600 | 730,585 | (1,506,025 | ) | (79,840 | ) | 5,328,647 | 5,939,657 | (12,032,098 | ) | (763,794 | ) | ||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 34,504 | — | (425,039 | ) | (390,535 | ) | 223,274 | — | (2,745,836 | ) | (2,522,562 | ) | ||||||||||||||||||||
3/31/2014 | 65,669 | 673,905 | (864,185 | ) | (124,611 | ) | 408,449 | 4,157,992 | (5,416,238 | ) | (849,797 | ) | ||||||||||||||||||||
IS Shares* | ||||||||||||||||||||||||||||||||
9/30/2014 | 5,292,561 | — | (170,031 | ) | 5,122,530 | 52,616,130 | — | (1,735,000 | ) | 50,881,130 | ||||||||||||||||||||||
Large Cap Value Equity Fund |
| |||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 12,593,849 | — | (15,064,782 | ) | (2,470,933 | ) | 222,375,523 | — | (265,471,174 | ) | (43,095,651 | ) | ||||||||||||||||||||
3/31/2014 | 30,733,352 | 11,529,412 | (28,062,279 | ) | 14,200,485 | 518,848,982 | 189,197,656 | (472,625,865 | ) | 235,420,773 | ||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 3,946,984 | — | (2,603,772 | ) | 1,343,212 | 69,065,158 | — | (45,803,115 | ) | 23,262,043 | ||||||||||||||||||||||
3/31/2014 | 7,013,928 | 2,598,639 | (5,518,406 | ) | 4,094,161 | 118,096,061 | 42,409,786 | (93,697,040 | ) | 66,808,807 | ||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 98,226 | — | (114,219 | ) | (15,993 | ) | 1,685,288 | — | (1,937,130 | ) | (251,842 | ) | ||||||||||||||||||||
3/31/2014 | 216,646 | 128,261 | (188,024 | ) | 156,883 | 3,600,719 | 2,057,309 | (3,092,929 | ) | 2,565,099 | ||||||||||||||||||||||
IS Shares* | ||||||||||||||||||||||||||||||||
9/30/2014 | 2,220,413 | — | (84,020 | ) | 2,136,393 | 38,774,040 | — | (1,504,500 | ) | 37,269,540 | ||||||||||||||||||||||
Mid-Cap Value Equity Fund |
| |||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 33,473,163 | — | (26,184,621 | ) | 7,288,542 | 487,290,962 | — | (380,836,715 | ) | 106,454,247 | ||||||||||||||||||||||
3/31/2014 | 76,742,793 | 23,200,907 | (41,694,723 | ) | 58,248,977 | 1,062,753,867 | 309,964,122 | (575,839,287 | ) | 796,878,702 | ||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 5,384,148 | — | (7,458,941 | ) | (2,074,793 | ) | 77,595,480 | — | (108,054,332 | ) | (30,458,852 | ) | ||||||||||||||||||||
3/31/2014 | 13,538,638 | 5,036,845 | (12,586,982 | ) | 5,988,501 | 185,519,260 | 66,687,833 | (172,965,290 | ) | 79,241,803 | ||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 492,861 | — | (660,971 | ) | (168,110 | ) | 6,967,955 | — | (9,302,862 | ) | (2,334,907 | ) | ||||||||||||||||||||
3/31/2014 | 2,024,697 | 529,136 | (798,000 | ) | 1,755,833 | 27,249,201 | 6,894,640 | (10,757,125 | ) | 23,386,716 | ||||||||||||||||||||||
IS Shares* | ||||||||||||||||||||||||||||||||
9/30/2014 | 1,153,195 | — | (56,892 | ) | 1,096,303 | 16,437,858 | — | (835,750 | ) | 15,602,108 | ||||||||||||||||||||||
Select Large Cap Growth Stock Fund |
| |||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 35 | — | (24,398 | ) | (24,363 | ) | 1,000 | — | (724,475 | ) | (723,475 | ) | ||||||||||||||||||||
3/31/2014 | 17,999 | 57,439 | (638,390 | ) | (562,952 | ) | 486,690 | 1,627,817 | (18,580,282 | ) | (16,465,775 | ) | ||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 176 | — | (4,894 | ) | (4,718 | ) | 5,000 | — | (140,021 | ) | (135,021 | ) | ||||||||||||||||||||
3/31/2014 | 4,751 | 5,061 | (2,829 | ) | 6,983 | 133,300 | 138,812 | (79,377 | ) | 192,735 | ||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 769 | — | (51,506 | ) | (50,737 | ) | 17,966 | — | (1,216,986 | ) | (1,199,020 | ) | ||||||||||||||||||||
3/31/2014 | 2,274 | 109,812 | (98,872 | ) | 13,214 | 54,462 | 2,514,677 | (2,393,663 | ) | 175,476 |
64
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Shares Issued | Shares Reinvested | Shares Redeemed | Net Increase (Decrease) in Shares Outstanding | Proceeds from Shares Issued | Dividends Reinvested | Cost of Shares Redeemed | Change in Net Assets from Capital Transactions | |||||||||||||||||||||||||
Small Cap Growth Stock Fund |
| |||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 1,171,751 | — | (2,767,576 | ) | (1,595,825 | ) | $18,583,510 | $— | $(43,686,730 | ) | $(25,103,220 | ) | ||||||||||||||||||||
3/31/2014 | 3,442,017 | 1,573,451 | (4,632,872 | ) | 382,596 | 60,665,826 | 26,465,451 | (80,961,909 | ) | 6,169,368 | ||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 10,040 | — | (53,067 | ) | (43,027 | ) | 144,855 | — | (762,719 | ) | (617,864 | ) | ||||||||||||||||||||
3/31/2014 | 75,435 | 118,832 | (190,425 | ) | 3,842 | 1,203,569 | 1,818,135 | (3,013,077 | ) | 8,627 | ||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 3,443 | — | (46,395 | ) | (42,952 | ) | 38,880 | — | (516,234 | ) | (477,354 | ) | ||||||||||||||||||||
3/31/2014 | 8,760 | 123,583 | (92,768 | ) | 39,575 | 109,967 | 1,463,224 | (1,181,912 | ) | 391,279 | ||||||||||||||||||||||
IS Shares* | ||||||||||||||||||||||||||||||||
9/30/2014 | 406,165 | — | (18,241 | ) | 387,924 | 6,312,689 | — | (288,500 | ) | 6,024,189 | ||||||||||||||||||||||
Small Cap Value Equity Fund |
| |||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 6,062,549 | — | (13,057,969 | ) | (6,995,420 | ) | 107,265,416 | — | (229,999,602 | ) | (122,734,186 | ) | ||||||||||||||||||||
3/31/2014 | 16,438,452 | 3,653,713 | (26,098,646 | ) | (6,006,481 | ) | 274,590,119 | 64,013,049 | (443,735,991 | ) | (105,132,823 | ) | ||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 490,205 | — | (1,600,444 | ) | (1,110,239 | ) | 8,501,438 | — | (27,967,059 | ) | (19,465,621 | ) | ||||||||||||||||||||
3/31/2014 | 1,664,349 | 471,572 | (2,993,393 | ) | (857,472 | ) | 26,876,420 | 8,111,045 | (49,405,055 | ) | (14,417,590 | ) | ||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 30,477 | — | (178,363 | ) | (147,886 | ) | 502,133 | — | (2,946,660 | ) | (2,444,527 | ) | ||||||||||||||||||||
3/31/2014 | 104,590 | 93,730 | (388,356 | ) | (190,036 | ) | 1,639,182 | 1,531,552 | (6,029,056 | ) | (2,858,322 | ) | ||||||||||||||||||||
Aggressive Growth Allocation Strategy |
| |||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 114,848 | — | (658,918 | ) | (544,070 | ) | 1,054,878 | — | (6,081,638 | ) | (5,026,760 | ) | ||||||||||||||||||||
3/31/2014 | 236,721 | 259,224 | (996,358 | ) | (500,413 | ) | 2,175,408 | 2,250,063 | (9,341,843 | ) | (4,916,372 | ) | ||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 23,299 | — | (47,496 | ) | (24,197 | ) | 210,025 | — | (427,294 | ) | (217,269 | ) | ||||||||||||||||||||
3/31/2014 | 29,169 | 81,687 | (39,363 | ) | 71,493 | 267,352 | 702,509 | (368,235 | ) | 601,626 | ||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 6,606 | — | (172 | ) | 6,434 | 57,714 | — | (1,515 | ) | 56,199 | ||||||||||||||||||||||
3/31/2014 | 3,519 | 12,178 | (18,692 | ) | (2,995 | ) | 31,648 | 102,172 | (166,319 | ) | (32,499 | ) | ||||||||||||||||||||
Conservative Allocation Strategy |
| |||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 367,444 | — | (209,293 | ) | 158,151 | 4,722,092 | — | (2,680,108 | ) | 2,041,984 | ||||||||||||||||||||||
3/31/2014 | 768,494 | 106,405 | (764,858 | ) | 110,041 | 9,667,820 | 1,303,459 | (9,694,615 | ) | 1,276,664 | ||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 109,437 | — | (135,213 | ) | (25,776 | ) | 1,401,355 | — | (1,721,293 | ) | (319,938 | ) | ||||||||||||||||||||
3/31/2014 | 109,511 | 78,559 | (326,814 | ) | (138,744 | ) | 1,383,058 | 962,342 | (4,115,209 | ) | (1,769,809 | ) | ||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 133,930 | — | (134,744 | ) | (814 | ) | 1,693,248 | — | (1,702,046 | ) | (8,798 | ) | ||||||||||||||||||||
3/31/2014 | 381,780 | 68,359 | (317,613 | ) | 132,526 | 4,775,567 | 830,558 | (3,962,163 | ) | 1,643,962 |
65
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Shares Issued | Shares Reinvested | Shares Redeemed | Net Increase (Decrease) in Shares Outstanding | Proceeds from Shares Issued | Dividends Reinvested | Cost of Shares Redeemed | Change in Net Assets from Capital Transactions | |||||||||||||||||||||||||
Growth Allocation Strategy |
| |||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 377,024 | — | (598,011 | ) | (220,987 | ) | $4,386,593 | $— | $(6,989,345 | ) | $(2,602,752 | ) | ||||||||||||||||||||
3/31/2014 | 811,180 | 613,236 | (1,659,884 | ) | (235,468 | ) | 9,429,511 | 6,757,860 | (19,430,345 | ) | (3,242,974 | ) | ||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 9,854 | — | (93,659 | ) | (83,805 | ) | 112,388 | — | (1,063,804 | ) | (951,416 | ) | ||||||||||||||||||||
3/31/2014 | 53,600 | 113,019 | (117,314 | ) | 49,305 | 611,939 | 1,240,946 | (1,347,615 | ) | 505,270 | ||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 10,428 | — | (11,719 | ) | (1,291 | ) | 119,159 | — | (131,488 | ) | (12,329 | ) | ||||||||||||||||||||
3/31/2014 | 37,232 | 32,103 | (35,737 | ) | 33,598 | 433,209 | 346,712 | (407,166 | ) | 372,755 | ||||||||||||||||||||||
Moderate Allocation Strategy |
| |||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 619,276 | — | (1,757,387 | ) | (1,138,111 | ) | 7,071,753 | — | (19,933,828 | ) | (12,862,075 | ) | ||||||||||||||||||||
3/31/2014 | 1,842,063 | 1,133,107 | (5,779,106 | ) | (2,803,936 | ) | 20,854,281 | 12,294,213 | (64,736,798 | ) | (31,588,304 | ) | ||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 33,823 | — | (240,707 | ) | (206,884 | ) | 385,299 | — | (2,730,530 | ) | (2,345,231 | ) | ||||||||||||||||||||
3/31/2014 | 128,195 | 177,337 | (266,651 | ) | 38,881 | 1,447,503 | 1,918,786 | (3,008,128 | ) | 358,161 | ||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||
9/30/2014 | 19,885 | — | (127,866 | ) | (107,981 | ) | 223,240 | — | (1,432,571 | ) | (1,209,331 | ) | ||||||||||||||||||||
3/31/2014 | 118,735 | 117,312 | (198,858 | ) | 37,189 | 1,323,537 | 1,262,275 | (2,247,999 | ) | 337,813 |
* | IS Shares commenced operations on August 1, 2014. |
The cost of security purchases and the proceeds from sales and maturities of securities, excluding securities maturing less than one year from acquisition and U.S. government securities, for the period ended September 30, 2014 were as follows:
Fund | Purchases | Sales and Maturities | ||||||
Aggressive Growth Stock Fund | $14,415,410 | $19,548,837 | ||||||
International Equity Fund | 5,096,601 | 9,915,185 | ||||||
International Equity Index Fund | 15,829,284 | 16,536,647 | ||||||
Large Cap Growth Stock Fund | 11,099,958 | 43,130,850 | ||||||
Large Cap Value Equity Fund | 756,638,651 | 749,352,139 | ||||||
Mid-Cap Value Equity Fund | 1,847,776,413 | 1,655,446,700 | ||||||
Select Large Cap Growth Stock Fund | 3,152,625 | 5,527,608 | ||||||
Small Cap Growth Stock Fund | 28,835,579 | 54,424,476 | ||||||
Small Cap Value Equity Fund | 22,407,470 | 170,441,309 | ||||||
Aggressive Growth Allocation Strategy | 2,717,660 | 7,739,753 | ||||||
Conservative Allocation Strategy | 5,445,658 | 3,461,368 | ||||||
Growth Allocation Strategy | 2,521,785 | 6,110,790 | ||||||
Moderate Allocation Strategy | 5,658,475 | 21,261,988 |
6. | Federal Income Tax Information |
The following information is presented on an income tax basis and takes into consideration differences between amounts for financial statement and income tax purposes. These “book/tax” differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature (i.e., foreign currency transactions and return of capital on securities) such amounts are reclassified within the composition of net assets based on their U.S. federal tax-basis treatment; temporary differences do not require reclassification.
66
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
The cost of investments and aggregate gross unrealized appreciation and depreciation for securities held by the Funds as of September 30, 2014 were as follows:
Fund | Tax Cost | Aggregate Gross Unrealized Appreciation | Aggregate Gross Unrealized (Depreciation) | Net Unrealized Appreciation | ||||||||||||
Aggressive Growth Stock Fund | $39,361,346 | $17,594,032 | $(1,131,417 | ) | $16,462,615 | |||||||||||
International Equity Fund | 19,420,414 | 5,284,616 | (449,065 | ) | 4,835,551 | |||||||||||
International Equity Index Fund | 32,296,429 | 21,696,014 | (2,465,904 | ) | 19,230,110 | |||||||||||
Large Cap Growth Stock Fund | 151,176,187 | 119,407,224 | (2,407,874 | ) | 116,999,350 | |||||||||||
Large Cap Value Equity Fund | 1,809,477,218 | 496,047,732 | (13,658,935 | ) | 482,388,797 | |||||||||||
Mid-Cap Value Equity Fund | 3,711,848,412 | 512,997,095 | (101,209,410 | ) | 411,787,685 | |||||||||||
Select Large Cap Growth Stock Fund | 12,435,081 | 6,390,398 | (109,268 | ) | 6,281,130 | |||||||||||
Small Cap Growth Stock Fund | 147,522,258 | 33,984,109 | (11,845,701 | ) | 22,138,408 | |||||||||||
Small Cap Value Equity Fund | 1,234,395,092 | 329,561,391 | (72,014,974 | ) | 257,546,417 | |||||||||||
Aggressive Growth Allocation Strategy | 11,446,799 | 3,235,289 | (26,216 | ) | 3,209,073 | |||||||||||
Conservative Allocation Strategy | 59,750,510 | 4,686,676 | (315,692 | ) | 4,370,984 | |||||||||||
Growth Allocation Strategy | 50,661,084 | 12,847,958 | (16,675 | ) | 12,831,283 | |||||||||||
Moderate Allocation Strategy | 109,663,154 | 21,201,879 | (23,292 | ) | 21,178,587 |
The tax character of distributions paid to shareholders during the fiscal year ended March 31, 2014 was as follows:
Distributions paid from | ||||||||||||||||
Fund | Net Investment Income** | Net Long Term Capital Gains | Return of Capital | Total Distributions Paid* | ||||||||||||
Aggressive Growth Stock Fund | $— | $2,513,163 | $— | $2,513,163 | ||||||||||||
International Equity Fund | 3,660,540 | 499,636 | — | 4,160,176 | ||||||||||||
International Equity Index Fund | 9,231,079 | 96,921,692 | — | 106,152,771 | ||||||||||||
Large Cap Growth Stock Fund | 432,260 | 26,407,308 | — | 26,839,568 | ||||||||||||
Large Cap Value Equity Fund | 101,306,533 | 151,917,675 | — | 253,224,208 | ||||||||||||
Mid-Cap Value Equity Fund | 345,522,789 | 75,524,921 | — | 421,047,710 | ||||||||||||
Select Large Cap Growth Stock Fund | 169,071 | 4,192,365 | — | 4,361,436 | ||||||||||||
Small Cap Growth Stock Fund | 6,201,414 | 24,083,579 | — | 30,284,993 | ||||||||||||
Small Cap Value Equity Fund | 21,774,230 | 54,048,842 | — | 75,823,072 | ||||||||||||
Aggressive Growth Allocation Strategy | 601,491 | 2,532,822 | — | 3,134,313 | ||||||||||||
Conservative Allocation Strategy | 1,324,040 | 2,351,459 | — | 3,675,499 | ||||||||||||
Growth Allocation Strategy | 1,757,919 | 6,644,845 | — | 8,402,764 | ||||||||||||
Moderate Allocation Strategy | 4,097,522 | 11,703,412 | — | 15,800,934 |
* | Total distributions paid are recognized on a when declared basis for the year ended March 31, 2014. |
** | Net Investment income includes taxable market discount income and net short-term capital gains, if any. |
Amounts designated as “—” are $0 or have been rounded to $0.
As of March 31, 2014, the components of distributable earnings (accumulated losses) on a federal income tax basis were as follows:
Fund | Undistributed Ordinary Income | Undistributed Long Term Capital Gains | Net Unrealized Appreciation* | Loss Carryforwards and Deferrals | Total | |||||||||||||||
Aggressive Growth Stock Fund | $— | $601,545 | $15,854,506 | $(3,320,970) | $13,135,081 | |||||||||||||||
International Equity Fund | 123,886 | 883,573 | 8,979,323 | (3,298,188 | ) | 6,688,594 | ||||||||||||||
International Equity Index Fund | 591,626 | 2,573,234 | 20,737,738 | — | 23,902,598 | |||||||||||||||
Large Cap Growth Stock Fund | 2,744,037 | 7,816,391 | 115,506,899 | (4,919,621 | ) | 121,147,706 | ||||||||||||||
Large Cap Value Equity Fund | 36,433,819 | 56,914,873 | 492,592,126 | — | 585,940,818 | |||||||||||||||
Mid-Cap Value Equity Fund | 90,190,140 | 91,656,426 | 529,475,049 | — | 711,321,615 |
67
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Fund | Undistributed Ordinary Income | Undistributed Long Term Capital Gains | Net Unrealized Appreciation* | Loss Carryforwards and Deferrals | Total | |||||||||||||||
Select Large Cap Growth Stock Fund | $660,725 | $3,625,853 | $7,057,140 | $— | $11,343,718 | |||||||||||||||
Small Cap Growth Stock Fund | 2,543,172 | 10,136,196 | 45,835,890 | — | 58,515,258 | |||||||||||||||
Small Cap Value Equity Fund | 12,666,581 | 198,216,053 | 406,698,283 | — | 617,580,917 | |||||||||||||||
Aggressive Growth Allocation Strategy | 64,840 | 1,310,842 | 3,437,209 | — | 4,812,891 | |||||||||||||||
Conservative Allocation Strategy | 211,933 | 1,403,597 | 3,066,802 | — | 4,682,332 | |||||||||||||||
Growth Allocation Strategy | 100,375 | 2,801,332 | 10,470,820 | — | 13,372,527 | |||||||||||||||
Moderate Allocation Strategy | 375,178 | 6,465,792 | 18,243,278 | — | 25,084,248 |
* | The differences between book-basis and tax-basis unrealized appreciation is attributable primarily to: tax deferral of losses on wash sales, the realization for tax purposes of unrealized gains/losses on investments in passive foreign investment companies, return of capital adjustments, forward contracts marked to market and partnership basis adjustments. |
The Funds utilize the provisions of the federal income tax laws that provide for the carry forward of capital losses from prior years, offsetting such losses against any future realized capital gains. Under the Regulated Investment Company Modernization Act of 2010 (the “Act”), net capital losses recognized in taxable years beginning after December 22, 2010 (“post-enactment”), may be carried forward indefinitely, and their character is retained as short-term and/or long-term losses. Previously, net capital losses were carried forward for eight years and treated as short-term losses (“pre-enactment”). The Act requires that post-enactment net capital losses be used before pre-enactment net capital losses.
As of March 31, 2014, the post-enactment accumulated short-term and long-term capital loss carry forwards were as follows:
Fund | Short Term | Long Term | Total | |||||||||
Aggressive Growth Stock Fund* | $1,381,083 | $— | $1,381,083 | |||||||||
International Equity Fund** | — | — | — |
* | Of the $2,132,646 of remaining capital loss carryforwards acquired on April 27, 2012, in the merger with the RidgeWorth Emerging Growth Stock Fund and subject to limitations as a result of this acquisition, $751,563 of capital loss carryforward was utilized. The remaining $1,381,083 has no expiration date. |
** | Of the $2,478,067 of capital loss carryforwards subject to limitations due to an ownership change on May 22, 2013, the entire amount was utilized. |
As of March 31, 2014, the pre-enactment accumulated capital loss carryforwards and expiration dates were as follows:
Expires | ||||||||||||
Fund | 2017 | 2018 | Total | |||||||||
Aggressive Growth Stock Fund* | $1,787,246 | $— | $1,787,246 | |||||||||
International Equity Fund** | — | 3,298,188 | 3,298,188 | |||||||||
Large Cap Growth Stock Fund*** | 4,919,621 | — | 4,919,621 |
* | Of the $1,857,837 of remaining capital loss carryforwards acquired on April 27, 2012, in the merger with the RidgeWorth Emerging Growth Stock Fund and subject to limitations as a result of this acquisition, $70,591 was written off as capital loss carryforward lost unused. The remaining $1,787,246 will expire in 2017. |
** | Of the $288,754,083 of capital loss carryforwards subject to limitations due to an ownership change on May 22, 2013, $238,884,792 was written off as capital loss carryforward lost unused, $46,571,103 was utilized, and the remaining $3,298,188, will expire in 2018. |
*** | Of the $6,559,495 of remaining capital loss carryforwards acquired on March 1, 2013, in the merger with the RidgeWorth Large Cap Core Growth Stock Fund and subject to limitations as a result of this acquisition, $1,639,874 was utilized, and the remaining $4,919,621, will expire in 2017. |
During the fiscal year ended March 31, 2014, the following Funds utilized capital loss carry forwards as follows:
Fund | Amount | |||
Aggressive Growth Stock Fund | $751,563 | |||
International Equity Fund | 49,049,170 | |||
Large Cap Growth Stock Fund | 1,639,874 |
68
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Pursuant to federal income tax rules applicable to regulated investment companies, the Funds may elect to treat certain capital losses, between November 1 and March 31, and late year ordinary losses (i) ordinary losses between January 1 and March 31, and (ii) specified ordinary and currency losses between November 1 and March 31 as occurring on the first day of the following tax year. For the fiscal year ended March 31, 2014, any amount of losses elected as late year ordinary losses within the tax return will not be recognized for federal income tax purposes until April 1, 2014.
7. | Investments in Affiliated Issuers |
Affiliated holdings are holdings in mutual funds which are managed by the Investment Adviser or an affiliate of the Investment Adviser or which are distributed by an affiliate of the Funds’ distributor. With respect to each Fund, the Investment Adviser was paid an investment advisory fee by the affiliated investments listed beneath its name below. Investments in affiliated issuers as of September 30, 2014 were as follows:
Name of Affiliated Issuer | Share Balance at March 31, 2014 | Purchases | Sales | Share Balance at September 30, 2014 | Value at September 30, 2014 | Dividend Income | Realized Gain Distributions | Net Realized Gain (Loss) | ||||||||||||||||||||||||
Aggressive Growth Allocation Strategy |
| |||||||||||||||||||||||||||||||
RidgeWorth Corporate Bond Fund—I Shares | 485 | 4 | 369 | 120 | $1,070 | $32 | $— | $(147 | ) | |||||||||||||||||||||||
RidgeWorth High Income Fund—I Shares | 18,815 | 1,353 | 20,168 | — | — | 2,349 | — | 154 | ||||||||||||||||||||||||
RidgeWorth High Income Fund —IS Shares* | — | 18,817 | 5,108 | 13,709 | 97,195 | 1,229 | — | 598 | ||||||||||||||||||||||||
RidgeWorth Intermediate Bond Fund—I Shares | 151 | 1 | 102 | 50 | 493 | 7 | — | (47 | ) | |||||||||||||||||||||||
RidgeWorth International Equity Fund—I Shares | 101,668 | — | 36,539 | 65,129 | 762,665 | — | — | 37,263 | ||||||||||||||||||||||||
RidgeWorth International Equity Index Fund—I Shares | 5,009 | — | 2,647 | 2,362 | 12,873 | — | — | (5,297 | ) | |||||||||||||||||||||||
RidgeWorth Large Cap Growth Stock Fund—I Shares | 561,107 | 3,160 | 564,267 | — | — | — | — | (32,372 | ) | |||||||||||||||||||||||
RidgeWorth Large Cap Growth Stock Fund—IS Shares* | — | 537,017 | 119,171 | 417,846 | 4,232,782 | — | — | (18,465 | ) | |||||||||||||||||||||||
RidgeWorth Large Cap Value Equity Fund—I Shares | 235,151 | 792 | 235,943 | — | — | — | — | 56,634 | ||||||||||||||||||||||||
RidgeWorth Large Cap Value Equity Fund—IS Shares* | — | 227,070 | 53,630 | 173,440 | 3,082,024 | — | — | 403,027 | ||||||||||||||||||||||||
RidgeWorth Mid-Cap Value Equity Fund—I Shares | 121,106 | 2,647 | 123,753 | — | — | — | — | 29,572 | ||||||||||||||||||||||||
RidgeWorth Mid-Cap Value Equity Fund—IS Shares* | — | 115,326 | 26,058 | 89,268 | 1,288,144 | — | — | 135,423 | ||||||||||||||||||||||||
RidgeWorth Seix Floating Rate High Income Fund—I Shares | 15,129 | 2,648 | 5,786 | 11,991 | 106,963 | 2,876 | — | (308 | ) | |||||||||||||||||||||||
RidgeWorth Seix High Yield Fund—I Shares | 14,725 | 1,619 | 6,075 | 10,269 | 100,024 | 3,768 | — | (64 | ) | |||||||||||||||||||||||
RidgeWorth Select Large Cap Growth Stock Fund—I Shares | 2,832 | — | 1,788 | 1,044 | 30,834 | — | — | 15,468 | ||||||||||||||||||||||||
RidgeWorth Small Cap Growth Stock Fund—I Shares | 43,703 | 860 | 44,563 | — | — | — | — | (900 | ) |
69
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Name of Affiliated Issuer | Share Balance at March 31, 2014 | Purchases | Sales | Share Balance at September 30, 2014 | Value at September 30, 2014 | Dividend Income | Realized Gain Distributions | Net Realized Gain (Loss) | ||||||||||||||||||||||||
RidgeWorth Small Cap Growth Stock Fund—IS Shares* | — | 41,661 | 8,764 | 32,897 | $504,636 | $— | $— | $33,235 | ||||||||||||||||||||||||
RidgeWorth Small Cap Value Equity Fund—I Shares | 38,938 | 886 | 10,651 | 29,173 | 484,566 | — | — | 82,627 | ||||||||||||||||||||||||
RidgeWorth Total Return Bond Fund—I Shares | 147,878 | 7,887 | 155,765 | — | — | 13,266 | — | (4,200 | ) | |||||||||||||||||||||||
RidgeWorth Total Return Bond Fund—IS Shares* | — | 160,659 | 42,283 | 118,376 | 1,247,685 | 5,992 | — | (18,084 | ) | |||||||||||||||||||||||
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund—I Shares | 8,213 | 4,626 | 4,590 | 8,249 | 83,644 | 351 | — | (226 | ) | |||||||||||||||||||||||
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
Total | $12,035,598 | $29,870 | $— | $713,891 | ||||||||||||||||||||||||||||
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
Conservative Allocation Strategy |
| |||||||||||||||||||||||||||||||
RidgeWorth Corporate Bond Fund—I Shares | 10,004 | 71 | 8,068 | 2,007 | $17,865 | $634 | $— | $(2,600 | ) | |||||||||||||||||||||||
RidgeWorth High Income Fund—I Shares | 303,026 | 6,488 | 309,514 | — | — | 36,378 | — | 5,073 | ||||||||||||||||||||||||
RidgeWorth High Income Fund—IS Shares* | — | 286,970 | 2,140 | 284,830 | 2,019,446 | 20,534 | — | (215 | ) | |||||||||||||||||||||||
RidgeWorth Intermediate Bond Fund—I Shares | 1,337 | 8 | 508 | 837 | 8,191 | 78 | — | (225 | ) | |||||||||||||||||||||||
RidgeWorth International Equity Fund—I Shares | 116,873 | 1,942 | 5,644 | 113,171 | 1,325,232 | — | — | 2,712 | ||||||||||||||||||||||||
RidgeWorth International Equity Index Fund—I Shares | 8,364 | — | 4,448 | 3,916 | 21,343 | — | — | (9,940 | ) | |||||||||||||||||||||||
RidgeWorth Large Cap Growth Stock Fund—I Shares | 714,697 | 11,565 | 726,262 | — | — | — | — | (40,270 | ) | |||||||||||||||||||||||
RidgeWorth Large Cap Growth Stock Fund—IS Shares* | — | 731,392 | 3,668 | 727,724 | 7,371,840 | — | — | (7,914 | ) | |||||||||||||||||||||||
RidgeWorth Large Cap Value Equity Fund—I Shares | 299,976 | 5,198 | 305,174 | — | — | — | — | 2,198 | ||||||||||||||||||||||||
RidgeWorth Large Cap Value Equity Fund—IS Shares* | — | 306,367 | 1,566 | 304,801 | 5,416,315 | — | — | (169 | ) | |||||||||||||||||||||||
RidgeWorth Mid-Cap Value Equity Fund—I Shares | 153,775 | 2,880 | 156,655 | — | — | — | — | 1,169 | ||||||||||||||||||||||||
RidgeWorth Mid Cap Value Equity Fund—IS Shares* | — | 156,535 | 1,629 | 154,906 | 2,235,297 | — | — | (148 | ) | |||||||||||||||||||||||
RidgeWorth Seix Floating Rate High Income Fund—I Shares | 237,199 | 17,601 | 5,303 | 249,497 | 2,225,514 | 45,292 | — | (855 | ) | |||||||||||||||||||||||
RidgeWorth Seix High Yield Fund—I Shares | 233,435 | 17,842 | 36,973 | 214,304 | 2,087,324 | 60,300 | — | 5,267 | ||||||||||||||||||||||||
RidgeWorth Select Large Cap Growth Stock Fund—I Shares | 3,818 | — | 107 | 3,711 | 109,596 | — | — | 659 | ||||||||||||||||||||||||
RidgeWorth Small Cap Growth Stock Fund—I Shares | 54,754 | 1,107 | 55,861 | — | — | — | — | (1,464 | ) | |||||||||||||||||||||||
RidgeWorth Small Cap Growth Stock Fund—IS Shares* | — | 55,882 | 625 | 55,257 | 847,649 | — | — | (510 | ) |
70
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Name of Affiliated Issuer | Share Balance at March 31, 2014 | Purchases | Sales | Share Balance at September 30, 2014 | Value at September 30, 2014 | Dividend Income | Realized Gain Distributions | Net Realized Gain (Loss) | ||||||||||||||||||||||||
RidgeWorth Small Cap Value Equity Fund—I Shares | 49,273 | 2,357 | 1,930 | 49,700 | $825,509 | $— | $— | $2,113 | ||||||||||||||||||||||||
RidgeWorth Total Return Bond Fund—I Shares | 2,436,650 | 20,118 | 2,456,768 | — | — | 212,556 | — | (45,240 | ) | |||||||||||||||||||||||
RidgeWorth Total Return Bond Fund—IS Shares* | — | 2,443,740 | 17,932 | 2,425,808 | 25,568,017 | 100,182 | — | (6,176 | ) | |||||||||||||||||||||||
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund—I Shares | 129,608 | 58,708 | 16,091 | 172,225 | 1,746,363 | 5,503 | — | 90 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
Total | $51,825,501 | $481,457 | $— | $(96,445 | ) | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
Growth Allocation Strategy |
| |||||||||||||||||||||||||||||||
RidgeWorth Corporate Bond Fund—I Shares | 1,253 | 12 | 560 | 705 | $6,277 | $107 | $— | $(202 | ) | |||||||||||||||||||||||
RidgeWorth High Income Fund—I Shares | 118,209 | 3,188 | 121,397 | — | — | 14,267 | — | 1,495 | ||||||||||||||||||||||||
RidgeWorth High Income Fund—IS Shares* | — | 107,473 | 3,948 | 103,525 | 733,990 | 7,720 | — | (557 | ) | |||||||||||||||||||||||
RidgeWorth Intermediate Bond Fund—I Shares | 163 | 1 | — | 164 | 1,608 | 11 | — | — | ||||||||||||||||||||||||
RidgeWorth International Equity Fund—I Shares | 284,177 | 86 | 38,190 | 246,073 | 2,881,509 | — | — | 15,153 | ||||||||||||||||||||||||
RidgeWorth International Equity Index Fund—I Shares | 7,110 | 1,757 | 165 | 8,702 | 47,427 | — | — | (517 | ) | |||||||||||||||||||||||
RidgeWorth Large Cap Growth Stock Fund—I Shares | 1,633,141 | 20,673 | 1,653,814 | — | — | — | — | (93,825 | ) | |||||||||||||||||||||||
RidgeWorth Large Cap Growth Stock Fund—IS Shares* | — | 1,590,543 | 8,310 | 1,582,233 | 16,028,017 | — | — | (8,660 | ) | |||||||||||||||||||||||
RidgeWorth Large Cap Value Equity Fund—I Shares | 692,219 | 10,176 | 702,395 | — | — | — | — | 29,409 | ||||||||||||||||||||||||
RidgeWorth Large Cap Value Equity Fund—IS Shares* | — | 675,751 | 15,999 | 659,752 | 11,723,790 | — | — | 14,992 | ||||||||||||||||||||||||
RidgeWorth Mid-Cap Value Equity Fund—I Shares | 358,553 | 4,108 | 362,661 | — | — | — | — | 16,356 | ||||||||||||||||||||||||
RidgeWorth Mid-Cap Value Equity Fund—IS Shares* | — | 348,168 | 11,296 | 336,872 | 4,861,065 | — | — | 36,867 | ||||||||||||||||||||||||
RidgeWorth Seix Floating Rate High Income Fund—I Shares | 98,806 | 4,657 | 12,763 | 90,700 | 809,040 | 17,760 | — | (1,403 | ) | |||||||||||||||||||||||
RidgeWorth Seix High Yield Fund—I Shares | 87,054 | 6,078 | 15,189 | 77,943 | 759,169 | 22,652 | — | 10,428 | ||||||||||||||||||||||||
RidgeWorth Select Large Cap Growth Stock Fund—I Shares | 16,475 | 35 | 10,286 | 6,224 | 183,799 | — | — | 99,715 | ||||||||||||||||||||||||
RidgeWorth Small Cap Growth Stock Fund—I Shares | 127,507 | 1,919 | 129,426 | — | — | — | — | (5,018 | ) | |||||||||||||||||||||||
RidgeWorth Small Cap Growth Stock Fund—IS Shares* | — | 124,095 | 4,124 | 119,971 | 1,840,357 | — | — | (4,333 | ) | |||||||||||||||||||||||
RidgeWorth Small Cap Value Equity Fund—I Shares | 114,855 | 2,252 | 9,189 | 107,918 | 1,792,522 | — | — | 49,042 |
71
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Name of Affiliated Issuer | Share Balance at March 31, 2014 | Purchases | Sales | Share Balance at September 30, 2014 | Value at September 30, 2014 | Dividend Income | Realized Gain Distributions | Net Realized Gain (Loss) | ||||||||||||||||||||||||
RidgeWorth Total Return Bond Fund—I Shares | 939,499 | 8,285 | 947,784 | — | $— | $81,536 | $— | $(19,133 | ) | |||||||||||||||||||||||
RidgeWorth Total Return Bond Fund—IS Shares* | — | 911,582 | 29,570 | 882,012 | 9,296,406 | 37,482 | — | (8,835 | ) | |||||||||||||||||||||||
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund—I Shares | 51,162 | 17,315 | 5,824 | 62,653 | 635,297 | 2,143 | — | (26 | ) | |||||||||||||||||||||||
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
Total | $51,600,273 | $183,678 | $— | $130,948 | ||||||||||||||||||||||||||||
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
Moderate Allocation Strategy |
| |||||||||||||||||||||||||||||||
RidgeWorth Corporate Bond Fund—I Shares | 3,590 | 579 | 3,124 | 1,045 | $9,300 | $176 | $— | $(865 | ) | |||||||||||||||||||||||
RidgeWorth High Income Fund—I Shares | 522,306 | 7,787 | 530,093 | — | — | 56,751 | — | 48,669 | ||||||||||||||||||||||||
RidgeWorth High Income Fund—IS Shares* | — | 410,051 | 13,024 | 397,027 | 2,814,922 | 29,421 | — | 287 | ||||||||||||||||||||||||
RidgeWorth Intermediate Bond Fund—I Shares | 1,353 | 9 | — | 1,362 | 13,334 | 90 | — | — | ||||||||||||||||||||||||
RidgeWorth International Equity Fund—I Shares | 453,632 | 128 | 84,006 | 369,754 | 4,329,824 | — | — | 46,290 | ||||||||||||||||||||||||
RidgeWorth International Equity Index Fund—I Shares | 13,499 | — | 152 | 13,347 | 72,740 | — | — | (270 | ) | |||||||||||||||||||||||
RidgeWorth Large Cap Growth Stock Fund—I Shares | 2,674,912 | 25,067 | 2,699,979 | — | — | — | — | (378,874 | ) | |||||||||||||||||||||||
RidgeWorth Large Cap Growth Stock Fund—IS Shares* | — | 2,433,308 | 38,881 | 2,394,427 | 24,255,546 | — | — | (29,803 | ) | |||||||||||||||||||||||
RidgeWorth Large Cap Value Equity Fund—I Shares | 1,113,327 | 12,258 | 1,125,585 | — | — | — | — | 534,288 | ||||||||||||||||||||||||
RidgeWorth Large Cap Value Equity Fund—IS Shares* | — | 1,011,054 | 12,825 | 998,229 | 17,738,530 | — | — | 65,189 | ||||||||||||||||||||||||
RidgeWorth Mid-Cap Value Equity Fund—I Shares | 574,336 | 5,817 | 580,153 | — | — | — | — | 227,511 | ||||||||||||||||||||||||
RidgeWorth Mid-Cap Value Equity Fund—IS Shares* | — | 523,908 | 17,910 | 505,998 | 7,301,548 | — | — | 85,533 | ||||||||||||||||||||||||
RidgeWorth Seix Floating Rate High Income Fund—I Shares | 390,746 | 10,277 | 53,280 | 347,743 | 3,101,869 | 68,191 | — | (10,777 | ) | |||||||||||||||||||||||
RidgeWorth Seix High Yield Fund—I Shares | 401,805 | 12,988 | 115,831 | 298,962 | 2,911,891 | 91,261 | — | 170,283 | ||||||||||||||||||||||||
RidgeWorth Select Large Cap Growth Stock Fund—I Shares | 7,493 | — | 940 | 6,553 | 193,508 | — | — | 8,626 | ||||||||||||||||||||||||
RidgeWorth Small Cap Growth Stock Fund—I Shares | 201,617 | 1,998 | 203,615 | — | — | — | — | 24,013 | ||||||||||||||||||||||||
RidgeWorth Small Cap Growth Stock Fund—IS Shares* | — | 184,334 | 4,728 | 179,606 | 2,755,163 | — | — | 6,838 | ||||||||||||||||||||||||
RidgeWorth Small Cap Value Equity Fund—I Shares | 179,927 | 2,056 | 22,073 | 159,910 | 2,656,113 | — | — | 157,406 | ||||||||||||||||||||||||
RidgeWorth Total Return Bond Fund—I Shares | 3,636,736 | 41,909 | 3,678,645 | — | — | 309,908 | — | (109,779 | ) |
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NOTES TO FINANCIAL STATEMENTS (concluded)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Name of Affiliated Issuer | Share Balance at March 31, 2014 | Purchases | Sales | Share Balance at September 30, 2014 | Value at September 30, 2014 | Dividend Income | Realized Gain Distributions | Net Realized Gain (Loss) | ||||||||||||||||||||||||
RidgeWorth Total Return Bond Fund—IS Shares* | — | 3,477,412 | 95,926 | 3,381,486 | $35,640,859 | $142,194 | $— | $(26,801 | ) | |||||||||||||||||||||||
RidgeWorth U.S. Government Securities Ultra-Short Bond Fund—I Shares | 214,411 | 67,006 | 41,076 | 240,341 | 2,437,061 | 8,177 | — | 386 | ||||||||||||||||||||||||
|
|
|
|
|
|
|
| |||||||||||||||||||||||||
Total | $106,232,208 | $706,169 | $— | $818,150 | ||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
* | IS Shares commenced operations on August 1, 2014. |
9. | Subsequent Events |
Management has evaluated subsequent events through the date these financial statements were issued. Management has determined, except as set forth below, that there are no material events that would require disclosure in the Funds’ financial statements through this date.
At a meeting held on November 18, 2014, the Board approved the liquidation and closing of the RidgeWorth International Equity Index Fund (the “Fund”). The Fund expects to complete the liquidation and closing on or around January 23, 2015.
At a meeting held on November 18, 2014, the Board approved the reorganization of the RidgeWorth Select Large Cap Growth Stock Fund (the “Target Fund”) into the RidgeWorth Large Cap Growth Stock Fund (the “Acquiring Fund”), a separate series of the Trust. The reorganization is expected to be effective at the close of business on or around January 23, 2015. Each shareholder of the A, C and I Shares of the Target Fund will receive A, C and I Shares of the Acquiring Fund, respectively, in an amount equal in value to the shares of the Fund the shareholder had immediately before the reorganization.
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TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUNDS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Set forth below are the names, age, position with the Trust, length of term of office, and the principal occupations and other directorships held during at least the last five years of each of the persons currently serving as a Trustee of the Trust. Unless otherwise noted, the address of each Trustee and officer is c/o RidgeWorth Investments®, 3333 Piedmont Road, Suite 1500, Atlanta, Georgia 30305. The Funds’ Statement of Additional Information includes more information about the Trustees and is available without charge, upon request, by calling 1-888-784-3863 and on the Funds’ website at www.ridgeworth.com.
Name and Age | Position Held with the Trust | Term of Office and Length of Time Served | Principal Occupation(s) During the Past 5 Years | Number of Portfolios in the RidgeWorth Complex Overseen by Trustees | Other Directorships Held By Trustee During the Past 5 Years | |||||||
Tim E. Bentsen (August 1953) | Independent Trustee | Indefinite; since 2012 | Lecturer- J.M. Tull School of Accounting, Terry College of Business at University of Georgia (2013-Present); Retired. Audit Partner and Account Executive (1993-2012); Lead Area Managing Partner (2005-2009); Office Managing Partner (2003-2009), KPMG LLP. | 32 | Synovus Financial Corp. | |||||||
Jeffrey M. Biggar (February 1950) | Independent Trustee | Indefinite; since 2007 | Director of Special Gifts for Hawken School (since May 2013); Managing Director, Little Mountain Group, LLC (an independent Registered Investment Advisor consulting firm) (2011-2013); Chief Operating Officer, Cedar Brook Financial Partners LLC (2008-2010); Chief Executive Officer and Senior Managing Director, Sterling (2000-2006). | 32 | Multi-Manager Master Portfolios LLC (3 portfolios; thru 2013) | |||||||
George C. Guynn (December 1942) | Independent Trustee | Indefinite; since 2008 | Retired. President and CEO, Federal Reserve Bank of Atlanta (1996-2006). | 32 | Genuine Parts Company; Oxford Industries; Acuity Brands, Inc.; Multi-Manager Master Portfolios LLC (3 portfolios; thru 2013), Director of SUSA Registered Fund, LLC since 2014 | |||||||
Sidney E. Harris (July 1949) | Independent Trustee | Indefinite; since 2004 | Adjunct Professor (since May 2014), Professor (1997 – April 2014), Dean (1997-2004), J. Mack Robinson College of Business, Georgia State University. | 32 | Total System Services, Inc.; Multi-Manager Master Portfolios LLC (3 portfolios; thru 2013). | |||||||
Warren Y. Jobe (November 1940) | Independent Trustee | Indefinite; since 2004 | Retired. Executive Vice President and Chief Financial Officer, Georgia Power Company (1982-1998) and Senior Vice President, Southern Company (1998-2001). | 32 | WellPoint (thru May 2014); UNS Energy (thru 2013) | |||||||
Connie D. McDaniel (April 1958) | Independent Trustee | Indefinite; since 2005 | Retired. Vice President, Chief of Internal Audit, Corporate Audit Department (2009-2013); Vice President Global Finance Transformation (2007-2009); Vice President and Controller (1999-2007), The Coca-Cola Company. | 32 | Total System Services, Inc. | |||||||
Ashi S. Parikh* (February 1966) | Interested Trustee | Indefinite; since 2013 | Chief Executive Officer and Chief Investment Officer, RidgeWorth Investments (2010-present); President and Chief Investment Officer (2008-2010). | 32 | None |
* | Mr. Parikh is an “interested person” of the Trust, as defined in the 1940 Act, because he is an employee of the Adviser. |
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TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUNDS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Name, Address and Age | Position(s) Held with the Trust | Term of Office and Length of Time Served | Principal Occupation(s) During the Past 5 Years | |||
Julia R. Short (November 1972) | President and Chief Executive Officer | One year; since 2007 | Managing Director, Product Manager, RidgeWorth Investments (since 2004). | |||
Joseph M. O’Donnell (November 1954) | Executive Vice President and Chief Compliance Officer | One year; since 2011 | Managing Director, RidgeWorth Investments (since 2011); Executive Vice President and Chief Compliance Officer, ING Funds (2004–2011); Senior Vice President and Chief Compliance Officer, ING Investments, LLC (2006–2008 and October 2009–2011); and Senior Vice President and Investment Advisor Chief Compliance Officer, Directed Services LLC (2006–2008 and 2009–2011). | |||
Denise R. Lewis (October 1963) | Treasurer and Chief Financial Officer | One year; since 2012 | Director of Fund Administration, RidgeWorth Investments (since 2012); Vice President of Fund Analysis and Reporting, ING Investments Management, LLC (2006–2012). | |||
Benjamin H. Lowe (March 1978) | Assistant Treasurer | One year; since 2012 | Director of Fund Administration, RidgeWorth Investments (since 2011); Fund Controller, ALPS Fund Services, Inc. (2005–2011). | |||
James Bacik State (May 1975) | Assistant Treasurer | One year; since 2010 | Vice President, State Street Bank and Trust Company (since 2001).* | |||
Patrick J. Keniston (January 1964) | Anti-Money Laundering Officer and Identity Theft Prevention Officer | One year; October 2013 | Director, Foreside Compliance Services, LLC (October 2008 – present). | |||
Danio Mastropieri State Street Bank and Trust Company 4 Copley Place, 5th Fl. Boston, MA 02116 (June 1972) | Secretary and Chief Legal Officer | One year; since 2013 | Vice President and Counsel, State Street Bank and Trust Company (since 2013); Vice President, Citi Fund Services, Inc. (2007–2013). # | |||
Timothy J. Burdick State Street Bank and Trust Company 4 Copley Place, 5th Fl. Boston, MA 02116 (October 1986) | Assistant Secretary | One year; since May 2014 | Assistant Vice President and Associate Counsel, State Street Bank and Trust Company (since 2011); Student, Northeastern University School of Law (2008–2011).* |
* | During the period indicated the officer has held various positions at State Street Bank and Trust Company and has provided his current title. |
# | During the period indicated the officer held various positions at Citi Fund Services, Inc. and has provided his final title. |
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TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUNDS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Shareholder Meeting Results
A special meeting of shareholders (the “Meeting”) of each series of RidgeWorth Funds (the “Trust”) was held on April 16, 2014. The details of the voting with respect to each Proposal are shown below. Each Proposal received the required number of affirmative votes for approval.
The Meeting was held to consider and act on the following proposals:
Proposal 3: To approve the implementation of a manager of managers arrangement that will permit RidgeWorth Investments (the “Adviser”), subject to prior approval by the Board of Trustees, to enter into and materially amend agreements with unaffiliated subadvisers without obtaining the approval of the applicable Fund’s shareholders.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
Moderate Allocation Strategy | 5,548,868.148 | 343,123.224 | 230,802.695 |
Proposal 4: To approve a new investment advisory agreement between the Adviser and the Trust, on behalf of each Fund.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
Large Cap Growth Stock Fund | 14,041,316.766 | 231,661.906 | 417,340.154 | |||||||||
Moderate Allocation Strategy | 5,741,707.317 | 224,312.005 | 156,775.245 |
Proposal 8: To approve a new subadvisory agreement between the Adviser and Silvant Capital Management LLC, on behalf of the Large Cap Growth Stock Fund, Select Large Cap Growth Stock Fund, and Small Cap Growth Stock Fund.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
Large Cap Growth Stock Fund | 13,978,404.942 | 269,199.316 | 442,714.568 |
A special meeting of shareholders (the “Meeting”) of each series of RidgeWorth Funds (the “Trust”) was held on April 23, 2014. The details of the voting with respect to each Proposal are shown below. Each Proposal received the required number of affirmative votes for approval.
The Meeting was held to consider and act on the following proposals:
Proposal 3: To approve the implementation of a manager of managers arrangement that will permit RidgeWorth Investments (the “Adviser”), subject to prior approval by the Board of Trustees, to enter into and materially amend agreements with unaffiliated subadvisers without obtaining the approval of the applicable Fund’s shareholders.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
Small Cap Value Equity Fund | 37,585,538.563 | 5,761,386.067 | 525,640.273 |
Proposal 4: To approve a new investment advisory agreement between the Adviser and the Trust, on behalf of each Fund.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
Aggressive Growth Stock Fund | 799,270.464 | 81,567.592 | 42,435.801 | |||||||||
Small Cap Value Equity Fund | 43,045,499.921 | 302,247.663 | 524,817.569 |
Proposal 5: To approve a new subadvisory agreement between RidgeWorth Investments and Ceredex Value Advisors, LLC.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
Small Cap Value Equity Fund | 42,542,823.834 | 792,680.480 | 537,060.839 |
A special meeting of shareholders (the “Meeting”) of each series of RidgeWorth Funds (the “Trust”) was held on April 30, 2014. The details of the voting with respect to each Proposal are shown below. Each Proposal received the required number of affirmative votes for approval.
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TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUNDS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
The Meeting was held to consider and act on the following proposals:
Proposal 3: To approve the implementation of a manager of managers arrangement that will permit RidgeWorth Investments (the “Adviser”), subject to prior approval by the Board of Trustees, to enter into and materially amend agreements with unaffiliated subadvisers without obtaining the approval of the applicable Fund’s shareholders.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
Large Cap Value Equity Fund | 45,985,224.017 | 2,370,522.234 | 1,521,586.594 |
Proposal 4: To approve a new investment advisory agreement between the Adviser and the Trust, on behalf of each Fund.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
Large Cap Value Equity Fund | 47,165,522.291 | 1,203,736.307 | 1,508,074.997 |
Proposal 5: To approve a new subadvisory agreement between RidgeWorth Investments and Ceredex Value Advisors, LLC.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
Large Cap Value Equity Fund | 46,953,380.395 | 1,226,984.429 | 1,696,968.271 |
Proposal 9: To approve a new subadvisory agreement between RidgeWorth Investments and Zevenbergen Capital Investments LLC.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
Aggressive Growth Stock Fund | 874,795.542 | 92,087.465 | 47,582.497 |
A special meeting of shareholders (the “Meeting”) of each series of RidgeWorth Funds (the “Trust”) was held on May 14, 2014. The details of the voting with respect to each Proposal are shown below. Each Proposal received the required number of affirmative votes for approval.
The Meeting was held to consider and act on the following proposals:
Proposal 3: To approve the implementation of a manager of managers arrangement that will permit RidgeWorth Investments (the “Adviser”), subject to prior approval by the Board of Trustees, to enter into and materially amend agreements with unaffiliated subadvisers without obtaining the approval of the applicable Fund’s shareholders.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
International Equity Index Fund | 4,381,912.282 | 136,360.028 | 383,296.786 | |||||||||
Large Cap Growth Stock Fund | 14,482,917.238 | 574,416.642 | 722,559.126 | |||||||||
Select Large Cap Growth Stock Fund | 525,492.388 | 109,971.448 | 13,169.116 |
Proposal 4: To approve a new investment advisory agreement between the Adviser and the Trust, on behalf of each Fund.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
International Equity Index Fund | 4,455,300.094 | 65,488.794 | 380,780.208 | |||||||||
Mid-Cap Value Equity Fund | 96,371,087.015 | 1,432,280.032 | 8,323,421.995 | |||||||||
Conservative Allocation Strategy | 1,910,995.287 | 54,991.496 | 148,467.184 |
Proposal 5: To approve a new subadvisory agreement between RidgeWorth Investments and Ceredex Value Advisors, LLC.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
Mid-Cap Value Equity Fund | 95,683,696.955 | 1,573,796.473 | 8,869,296.364 |
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TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUNDS (concluded)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Proposal 6: To approve a new subadvisory agreement between the Adviser and Certium Asset Management LLC, on behalf of the International Equity Fund and International Equity Index Fund.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
International Equity Index Fund | 4,448,512.528 | 74,929.785 | 378,126.783 |
A special meeting of shareholders (the “Meeting”) of each series of RidgeWorth Funds (the “Trust”) was held on May 21, 2014. The details of the voting with respect to each Proposal are shown below. Each Proposal received the required number of affirmative votes for approval.
The Meeting was held to consider and act on the following proposals:
Proposal 3: To approve the implementation of a manager of managers arrangement that will permit RidgeWorth Investments (the “Adviser”), subject to prior approval by the Board of Trustees, to enter into and materially amend agreements with unaffiliated subadvisers without obtaining the approval of the applicable Fund’s shareholders.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
Mid Cap Value Equity Fund | 93,121,537.373 | 5,820,519.702 | 9,075,014.324 |
A special meeting of shareholders (the “Meeting”) of each series of RidgeWorth Funds (the “Trust”) was held on May 28, 2014. The details of the voting with respect to each Proposal are shown below. Each Proposal received the required number of affirmative votes for approval.
The Meeting was held to consider and act on the following proposals:
Proposal 3: To approve the implementation of a manager of managers arrangement that will permit RidgeWorth Investments (the “Adviser”), subject to prior approval by the Board of Trustees, to enter into and materially amend agreements with unaffiliated subadvisers without obtaining the approval of the applicable Fund’s shareholders.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
Small Cap Growth Stock Fund | 4,835,081.637 | 298,441.885 | 377,866.283 |
Proposal 4: To approve a new investment advisory agreement between the Adviser and the Trust, on behalf of each Fund.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
Small Cap Growth Stock Fund | 5,006,354.940 | 175,204.432 | 329,830.433 |
Proposal 8: To approve a new subadvisory agreement between the Adviser and Silvant Capital Management LLC, on behalf of the Large Cap Growth Stock Fund, Select Large Cap Growth Stock Fund, and Small Cap Growth Stock Fund.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
Small Cap Growth Stock Fund | 5,005,662.505 | 167,121.766 | 338,605.534 |
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RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Expense Examples
As a shareholder of the RidgeWorth Funds, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchases; and (2) ongoing costs, including management fees, 12b-1 distribution and/or service fees, and other Fund expenses. These examples are intended to help you understand your ongoing costs (in dollars) of investing in the RidgeWorth Funds and to compare these costs with the ongoing costs of investing in other mutual funds.
These examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from April 1, 2014 through September 30, 2014.
Actual Expenses
The table below provides information about actual account values and actual expenses. You may use the information below, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the table under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.
Fund | Class | Beginning Account Value 04/01/14 | Ending Account Value 09/30/14 | Expenses Paid During Period* 04/01/14-09/30/14 | Expense Ratio During Period** 04/01/14-09/30/14 | |||||||||||||||
Aggressive Growth Stock Fund | I Shares | $1,000.00 | $1,050.00 | $6.68 | 1.30 | % | ||||||||||||||
A Shares | 1,000.00 | 1,049.70 | 7.30 | 1.42 | ||||||||||||||||
International Equity Fund | I Shares | 1,000.00 | 940.60 | 6.66 | 1.37 | |||||||||||||||
A Shares | 1,000.00 | 938.50 | 7.63 | 1.57 | ||||||||||||||||
International Equity Index Fund | I Shares | 1,000.00 | 962.90 | 3.35 | 0.68 | |||||||||||||||
A Shares | 1,000.00 | 962.00 | 5.02 | 1.02 | ||||||||||||||||
Large Cap Growth Stock Fund | I Shares | 1,000.00 | 1,044.30 | 4.71 | 0.92 | |||||||||||||||
A Shares | 1,000.00 | 1,043.10 | 6.09 | 1.19 | ||||||||||||||||
C Shares | 1,000.00 | 1,039.60 | 9.56 | 1.87 | ||||||||||||||||
IS Shares | *** | 1,000.00 | 1,016.00 | 1.43 | 0.85 | |||||||||||||||
Large Cap Value Equity Fund | I Shares | 1,000.00 | 1,043.50 | 4.71 | 0.92 | |||||||||||||||
A Shares | 1,000.00 | 1,042.60 | 6.25 | 1.22 | ||||||||||||||||
C Shares | 1,000.00 | 1,039.80 | 8.74 | 1.71 | ||||||||||||||||
IS Shares | *** | 1,000.00 | 1,013.10 | 1.21 | 0.72 | |||||||||||||||
Mid-Cap Value Equity Fund | I Shares | 1,000.00 | 1,024.10 | 5.58 | 1.10 | |||||||||||||||
A Shares | 1,000.00 | 1,022.20 | 6.95 | 1.37 | ||||||||||||||||
C Shares | 1,000.00 | 1,020.40 | 8.86 | 1.75 | ||||||||||||||||
IS Shares | *** | 1,000.00 | 1,010.50 | 1.28 | 0.76 | |||||||||||||||
Select Large Cap Growth Stock Fund | I Shares | 1,000.00 | 1,033.20 | 5.56 | 1.09 | |||||||||||||||
A Shares | 1,000.00 | 1,032.20 | 6.93 | 1.36 | ||||||||||||||||
C Shares | 1,000.00 | 1,028.70 | 10.58 | 2.08 | ||||||||||||||||
Small Cap Growth Stock Fund | I Shares | 1,000.00 | 912.00 | 6.04 | 1.26 | |||||||||||||||
A Shares | 1,000.00 | 911.80 | 6.33 | 1.32 | ||||||||||||||||
C Shares | 1,000.00 | 908.60 | 9.38 | 1.96 | ||||||||||||||||
IS Shares | *** | 1,000.00 | 982.70 | 1.62 | 0.98 | |||||||||||||||
Small Cap Value Equity Fund | I Shares | 1,000.00 | 925.30 | 5.89 | 1.22 | |||||||||||||||
A Shares | 1,000.00 | 923.90 | 7.33 | 1.52 | ||||||||||||||||
C Shares | 1,000.00 | 922.20 | 9.01 | 1.87 | ||||||||||||||||
Aggressive Growth Allocation Strategy | I Shares | 1,000.00 | 1,020.00 | 2.53 | 0.50 | |||||||||||||||
A Shares | 1,000.00 | 1,019.10 | 3.54 | 0.70 | ||||||||||||||||
C Shares | 1,000.00 | 1,016.20 | 6.57 | 1.30 | ||||||||||||||||
Conservative Allocation Strategy | I Shares | 1,000.00 | 1,020.70 | 1.52 | 0.30 | |||||||||||||||
A Shares | 1,000.00 | 1,019.10 | 3.04 | 0.60 | ||||||||||||||||
C Shares | 1,000.00 | 1,016.10 | 6.57 | 1.30 | ||||||||||||||||
Growth Allocation Strategy | I Shares | 1,000.00 | 1,021.10 | 2.53 | 0.50 | |||||||||||||||
A Shares | 1,000.00 | 1,019.40 | 3.49 | 0.69 | ||||||||||||||||
C Shares | 1,000.00 | 1,017.10 | 6.52 | 1.29 | ||||||||||||||||
Moderate Allocation Strategy | I Shares | 1,000.00 | 1,019.70 | 2.53 | 0.50 | |||||||||||||||
A Shares | 1,000.00 | 1,019.70 | 3.24 | 0.64 | ||||||||||||||||
C Shares | 1,000.00 | 1,017.20 | 6.22 | 1.23 |
* | Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days in the most recent fiscal half-year divided by the number of days in the fiscal year. |
** | Annualized. |
*** | IS Shares commenced operations on August 1, 2014. Expenses are equal to annualized expense ratio, multiplied by the average account value over the period, multiplied by 61 (the number of days since the commencement of the Class on August 1, 2014), then divided by 365. |
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Table of Contents
ADDITIONAL INFORMATION (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Hypothetical Example
The table below provides information about hypothetical account values and hypothetical expenses based on each RidgeWorth Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) or redemption fees. Therefore, the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
Fund | Class | Beginning Account Value 04/01/14 | Ending Account Value 09/30/14 | Expenses Paid During Period* 04/01/14-09/30/14 | Expense Ratio During Period** 04/01/14-09/30/14 | |||||||||||||||
Aggressive Growth Stock Fund | I Shares | $1,000.00 | $1,018.60 | $6.58 | 1.30 | % | ||||||||||||||
A Shares | 1,000.00 | 1,017.90 | 7.18 | 1.42 | ||||||||||||||||
International Equity Fund | I Shares | 1,000.00 | 1,018.20 | 6.93 | 1.37 | |||||||||||||||
A Shares | 1,000.00 | 1,017.20 | 7.94 | 1.57 | ||||||||||||||||
International Equity Index Fund | I Shares | 1,000.00 | 1,021.70 | 3.45 | 0.68 | |||||||||||||||
A Shares | 1,000.00 | 1,020.00 | 5.17 | 1.02 | ||||||||||||||||
Large Cap Growth Stock Fund | I Shares | 1,000.00 | 1,020.50 | 4.66 | 0.92 | |||||||||||||||
A Shares | 1,000.00 | 1,019.10 | 6.02 | 1.19 | ||||||||||||||||
C Shares | 1,000.00 | 1,015.70 | 9.45 | 1.87 | ||||||||||||||||
IS Shares | *** | 1,000.00 | 1,020.81 | 4.31 | 0.85 | |||||||||||||||
Large Cap Value Equity Fund | I Shares | 1,000.00 | 1,020.50 | 4.66 | 0.92 | |||||||||||||||
A Shares | 1,000.00 | 1,019.00 | 6.17 | 1.22 | ||||||||||||||||
C Shares | 1,000.00 | 1,016.50 | 8.64 | 1.71 | ||||||||||||||||
IS Shares | *** | 1,000.00 | 1,021.46 | 3.65 | 0.72 | |||||||||||||||
Mid-Cap Value Equity Fund | I Shares | 1,000.00 | 1,019.60 | 5.57 | 1.10 | |||||||||||||||
A Shares | 1,000.00 | 1,018.20 | 6.93 | 1.37 | ||||||||||||||||
C Shares | 1,000.00 | 1,016.30 | 8.85 | 1.75 | ||||||||||||||||
IS Shares | *** | 1,000.00 | 1,021.26 | 3.85 | 0.76 | |||||||||||||||
Select Large Cap Growth Stock Fund | I Shares | 1,000.00 | 1,019.60 | 5.52 | 1.09 | |||||||||||||||
A Shares | 1,000.00 | 1,018.20 | 6.88 | 1.36 | ||||||||||||||||
C Shares | 1,000.00 | 1,014.60 | 10.50 | 2.08 | ||||||||||||||||
Small Cap Growth Stock Fund | I Shares | 1,000.00 | 1,018.80 | 6.38 | 1.26 | |||||||||||||||
A Shares | 1,000.00 | 1,018.50 | 6.68 | 1.32 | ||||||||||||||||
C Shares | 1,000.00 | 1,015.20 | 9.90 | 1.96 | ||||||||||||||||
IS Shares | *** | 1,000.00 | 1,020.16 | 4.96 | 0.98 | |||||||||||||||
Small Cap Value Equity Fund | I Shares | 1,000.00 | 1,019.00 | 6.17 | 1.22 | |||||||||||||||
A Shares | 1,000.00 | 1,017.40 | 7.69 | 1.52 | ||||||||||||||||
C Shares | 1,000.00 | 1,015.70 | 9.45 | 1.87 | ||||||||||||||||
Aggressive Growth Allocation Strategy | I Shares | 1,000.00 | 1,022.60 | 2.54 | 0.50 | |||||||||||||||
A Shares | 1,000.00 | 1,021.60 | 3.55 | 0.70 | ||||||||||||||||
C Shares | 1,000.00 | 1,018.60 | 6.58 | 1.30 | ||||||||||||||||
Conservative Allocation Strategy | I Shares | 1,000.00 | 1,023.60 | 1.52 | 0.30 | |||||||||||||||
A Shares | 1,000.00 | 1,022.10 | 3.04 | 0.60 | ||||||||||||||||
C Shares | 1,000.00 | 1,018.60 | 6.58 | 1.30 | ||||||||||||||||
Growth Allocation Strategy | I Shares | 1,000.00 | 1,022.60 | 2.54 | 0.50 | |||||||||||||||
A Shares | 1,000.00 | 1,021.60 | 3.50 | 0.69 | ||||||||||||||||
C Shares | 1,000.00 | 1,018.60 | 6.53 | 1.29 | ||||||||||||||||
Moderate Allocation Strategy | I Shares | 1,000.00 | 1,022.60 | 2.54 | 0.50 | |||||||||||||||
A Shares | 1,000.00 | 1,021.90 | 3.24 | 0.64 | ||||||||||||||||
C Shares | 1,000.00 | 1,018.90 | 6.23 | 1.23 |
* | Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days in the most recent fiscal half-year divided by the number of days in the fiscal year. |
** | Annualized. |
*** | IS Shares Commenced operation on August 1, 2014. Expenses (hypothetical expenses if IS Shares had been in existence from April 1, 2014) are equal to the Fund’s annualized expense ratio, multiplied by the average account value over the period, multiplied by 183 (the number of days in the most recent six-month period), then divided by 365. |
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ADDITIONAL INFORMATION (concluded)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Proxy Voting Information
Information regarding the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities is available without charge, upon request, by calling 1-888-784-3863. The information also is included in the Funds’ Statement of Additional Information, which is available on the Funds’ website at www.ridgeworth.com and on the Securities and Exchange Commission’s (“SEC”) website at www.sec.gov.
Information relating to how each Fund voted proxies relating to portfolio securities held during the most recent twelve months ended June 30 is available on the Funds’ website at www.ridgeworth.com and on the SEC’s website at www.sec.gov.
Quarterly Portfolio Holdings Information
The Funds file their complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Funds’ Forms N-Q are available free of charge on the SEC’s website at www.sec.gov. You may also review or, for a fee, copy those documents by visiting the SEC’s Public Reference Room in Washington, D.C. Information on the operation of the Public Reference Room may be obtained by calling the SEC at 1-800-SEC-0330.
81
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INVESTMENT ADVISER:
RidgeWorth Investments®
3333 Piedmont Road, NE, Suite 1500
Atlanta, Georgia 30305
www.ridgeworth.com
INVESTMENT SUBADVISERS:
Ceredex Value Advisors LLC
301 East Pine Street, Suite 500
Orlando, Florida 32801
www.ceredexvalue.com
Certium Asset Management LLC
3333 Piedmont Road, NE, Suite 1500
Atlanta, Georgia 30305
www.certiumllc.com
Silvant Capital Management LLC
3333 Piedmont Road, NE, Suite 1500
Atlanta, Georgia 30305
www.silvantcapital.com
Zevenbergen Capital Investments LLC
601 Union Street, Suite 4600
Seattle, Washington 98101
www.zci.com
This information must be preceded or accompanied by a current prospectus for each Fund described. An investor should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about RidgeWorth Funds can be found in the Fund’s prospectus. For additional information, please call 1-888-784-3863, or visit www.ridgeworth.com. Please read the prospectus carefully before investing.
DISTRIBUTOR:
RIDGEWORTH DISTRIBUTORS LLC
RFSAR-EQ-0914
Table of Contents
2014 SEMI-ANNUAL REPORT
FIXED INCOME FUNDS
SEPTEMBER 30, 2014
RidgeWorth Investments® is the trade name of RidgeWorth Capital Management, LLC.
Collective Strength. Individual Insight.® is a federally registered service mark of RidgeWorth Investments.®
Table of Contents
RIDGEWORTH FUNDS September 30, 2014
Table of Contents
RIDGEWORTH FUNDS September 30, 2014
Dear Valued Client,
Let us first begin by thanking you, our valued RidgeWorth Funds’ shareholders, for your continued business and support. We focus our efforts on helping you achieve your investment goals, and we are grateful that you have placed your confidence in us. Our primary mission is to earn your trust by providing competitive investment performance and excellent client service. We sincerely hope we have met your expectations in both of these measures, and look forward to continuing to serve as your asset manager in the future.
In keeping with the theme of our last annual letter about good things coming in threes, we have three good things to discuss with you again in this mid-year letter. First, we are pleased to report the economy recovered nicely from its winter “chill” with no apparent adverse aftereffects, and the current bull market in the S&P 500 Index continued, although small cap and international stocks slipped somewhat. Second, we are pleased to report that RidgeWorth Funds (Funds) maintained their strong long-term investment performance record. Third, we are excited to announce our partnership with Lightyear Capital LLC (Lightyear), a financial services private equity firm, which partnered with management to acquire RidgeWorth Investments (RidgeWorth) from SunTrust Banks, Inc. was completed, making RidgeWorth an independent investment firm with significant equity ownership by employees. This update will discuss all three of these topics as well as what we anticipate for both the broad economy and the capital markets in 2014 and into 2015.
The markets had their fair share of worries, both old and new. Global equity markets, including the United States, have been under pressure due to geopolitical tensions in various parts of the world – from Ukraine to Iraq to Israel. U.S. equity markets felt the pressure of domestic events, including elections and monetary policy. Despite these numerous concerns, the capital markets embraced the positives related to the continued post-financial crisis healing and cyclical improvement. These positives included steady and improved job growth, lower unemployment, higher home prices, stronger consumer balance sheets, falling loan-delinquency rates, increased manufacturing output, rising domestic energy production, continued low inflation and an almost global commitment to maintaining accommodative monetary policies. In addition, companies enjoyed healthy free cash flows which were used for share buybacks, dividend payments, debt reduction and accretive bolt-on mergers and acquisitions. Taken together, this myriad of individual positives collectively reduced downside risks to the macro economy and bolstered consumer and investor confidence. All in, after falling at an annual rate of -2.1% in the first quarter of 2014, attributed largely to difficult winter weather, the economy rebounded 4.6% in the second quarter and was on pace to achieve above-trend growth again in the third quarter.
The result of all of these events was a 6.42% advance (including dividends) in the S&P 500 Index in the six months ending September 30, 2014. Health Care and Technology stocks led the broad advance, giving the performance edge to the Growth style. The Russell Midcap Index also added 3.22%, but the Russell 2000 Index lost -5.46% and the international MSCI EAFE Index slipped -2.03%.
On the fixed income side, the combination of geopolitical threats along with slowing international momentum helped send investors to the safety of the U.S. Treasury market, pushing down the yield on the 10-year Treasury note to 2.49% at the end of the third quarter, from 2.72% on March 31, and lifted the Barclays U.S. Aggregate Bond Index 2.21% during the six months ending September 30. High Yield bonds underperformed during the period with the Barclays U.S. Corporate High Yield Index rising just 0.49%, but the Barclays Municipal Bond Index jumped 4.12%.
In this economic and financial climate, RidgeWorth Funds continued to maintain its record of strong long-term performance as more than half of our Funds beat their Lipper Peer Group medians for the 1-, 3- and 5-year periods ending September 30, 2014. Moreover, 80% of our Funds finished in the first or second quartile for the 10-year period1.
We are very pleased with the continued success of our Funds and the dedicated investment professionals behind them. We want to do even more to meet our clients’ investment needs through expanded product lines, innovative solution development and placing an even greater focus on client and intermediary partner service. To that end, employees of RidgeWorth Investments in partnership with Lightyear, consummated an agreement to acquire RidgeWorth from SunTrust Banks, Inc. on May 30, 2014. We appreciate our long affiliation with SunTrust, and we are excited to partner with Lightyear as they bring deep industry experience.
1
Table of Contents
LETTER TO SHAREHOLDERS (concluded)
RIDGEWORTH FUNDS September 30, 2014
This transaction positions RidgeWorth to become a premier independent asset management company. Over the past several years, we have made significant enhancements to our operating platform in areas including risk management, compliance, portfolio accounting, technology infrastructure and client support functions, and we are confident it will be business as usual for our clients.
We anticipate continued, moderate growth in the U.S. economy for the remainder of 2014 and into 2015. Many of the economic and financial headwinds already mentioned may continue to dissipate, and cyclical forces such as job gains and production increases may continue to aid income growth, corporate profits and capital spending. We also believe inflation could remain relatively low, which would provide a favorable backdrop for the equity markets. With the Federal Reserve (Fed) ending quantitative easing, we believe it is unlikely they will raise short-term rates anytime soon. We expect to see near-term stability in both the EU and Japan as monetary authorities embrace more stimulative measures. Lastly, emerging markets continue to have structural problems, but we are modestly encouraged that some recent monetary and fiscal stabilization efforts are underway.
That said, there are always risks to any economic and financial forecast. Slowing EU and Chinese growth and geopolitical strains already mentioned are notable. The end of the massive securities purchases by the Fed, known as quantitative easing, raises the question of timing of any eventual rise in short-term rates as the Fed strives to unwind the extraordinary stimulus of recent years. Another significant potential drag on the economy continues to exist from the Affordable Care Act, as it becomes fully implemented. Many companies and employees will have higher premiums and deductibles which could, in turn, suppress disposable incomes. We will also closely monitor the housing market—both new home sales and refinancing activity—given its significant impact on the economy.
We continue to believe the markets will offer opportunities for investors, but they will be more selective and company-specific. Such an environment fits well with RidgeWorth’s bottom-up approach to security selection. We at RidgeWorth wish to thank you again for the trust and confidence you have placed in us, and we look forward to another good year together.
Sincerely,
Ashi Parikh
Chairman, CEO, CIO
RidgeWorth Investments ®
1 | For the period ended September 30, 2014, 58% (18/31), 55% (17/31), 55% (17/31) and 80% (24/30) of the RidgeWorth Funds (I Shares) beat their Lipper peer group medians for the 1-, 3-, 5- and 10-year periods, respectively. The Lipper rankings are as of September 30, 2014, for I Shares only, based on total returns and do not reflect a sales charge. ©2014 Lipper Leader, Reuters. All Rights Reserved. Lipper Ratings are according to Lipper, a Thomson Reuters Company. Past performance is not indicative of future results. |
2
Table of Contents
INDUSTRY ALLOCATIONS (As a Percentage of Total Investments)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Core Bond Fund | ||||
U.S. Treasury Obligations | 37.5% | |||
U.S. Government Agency Mortgages | 25.1% | |||
Corporate Bonds | 22.6% | |||
Collateralized Mortgage Obligations | 7.1% | |||
Asset-Backed Securities | 4.0% | |||
Foreign Government Bonds | 1.0% | |||
Municipal Bond | 0.5% | |||
Short-Term Investment | 0.5% | |||
Money Market Fund | 1.7% |
Corporate Bond Fund | ||||
Corporate Bonds | 95.1% | |||
Short-Term Investment | 3.4% | |||
Money Market Fund | 1.5% |
Georgia Tax-Exempt Bond Fund | ||||
Municipal Bonds | 95.7% | |||
Money Market Fund | 4.3% |
High Grade Municipal Bond Fund | ||||
Municipal Bonds | 90.9% | |||
Money Market Fund | 9.1% |
High Income Fund | ||||
Corporate Bonds | 80.2% | |||
Bank Loans | 5.1% | |||
Municipal Bonds | 1.0% | |||
Common Stocks | 0.9% | |||
Preferred Stock | 0.4% | |||
Convertible Corporate Bond | 0.2% | |||
Short-Term Investment | 11.5% | |||
Money Market Fund | 0.7% |
Intermediate Bond Fund | ||||
U.S. Treasury Obligations | 64.8% | |||
Corporate Bonds | 27.5% | |||
Collateralized Mortgage Obligations | 1.6% | |||
Foreign Government Bonds | 1.0% | |||
Asset-Backed Security | 1.0% | |||
Municipal Bond | 0.9% | |||
Money Market Fund | 2.4% | |||
Short-Term Investment | 0.8% |
Investment Grade Tax-Exempt Bond Fund | ||||
Municipal Bonds | 95.9% | |||
Money Market Fund | 4.1% |
Limited Duration Fund | ||||
Collateralized Mortgage Obligations | 52.5% | |||
Asset-Backed Securities | 41.3% | |||
Money Market Fund | 6.2% |
Limited-Term Federal Mortgage Securities Fund | ||||
U.S. Government Agency Mortgages | 80.8% | |||
Collateralized Mortgage Obligations | 13.9% | |||
Money Market Fund | 2.7% | |||
U.S. Treasury Obligation | 2.6% |
North Carolina Tax-Exempt Bond Fund | ||||
Municipal Bonds | 94.3% | |||
Money Market Fund | 5.7% |
Seix Floating Rate High Income Fund | ||||
Bank Loans | 91.8% | |||
Corporate Bonds | 4.5% | |||
Municipal Bonds | 0.5% | |||
Preferred Stock | 0.0% | * | ||
Common Stock | 0.0% | * | ||
Money Market Fund | 3.2% | |||
* Less than 0.05% of Net Assets. |
Seix High Yield Fund | ||||
Corporate Bonds | 83.4% | |||
Bank Loans | 6.0% | |||
Short-Term Investment | 9.4% | |||
Money Market Fund | 1.2% |
Short-Term Bond Fund | ||||
U.S. Treasury Obligations | 31.2% | |||
Corporate Bonds | 27.5% | |||
Asset-Backed Securities | 15.4% | |||
Collateralized Mortgage Obligations | 12.7% | |||
Municipal Bonds | 3.7% | |||
U.S. Government Agency Mortgages | 2.6% | |||
Money Market Fund | 6.9% |
Short-Term Municipal Bond Fund | ||||
Municipal Bonds | 87.8% | |||
Money Market Fund | 12.2% |
Total Return Bond Fund | ||||
U.S. Treasury Obligations | 33.6% | |||
U.S. Government Agency Mortgages | 24.3% | |||
Corporate Bonds | 21.1% | |||
Collateralized Mortgage Obligations | 7.1% | |||
Bank Loans | 4.6% | |||
Asset-Backed Security | 3.5% | |||
Foreign Government Bonds | 1.0% | |||
Municipal Bond | 0.4% | |||
Money Market Fund | 3.9% | |||
Short-Term Investment | 0.5% |
Industry allocation is subject to change.
3
Table of Contents
INDUSTRY ALLOCATIONS (As a Percentage of Total Investments)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Ultra-Short Bond Fund | ||||
Corporate Bonds | 51.9% | |||
Collateralized Mortgage Obligations | 22.5% | |||
Asset-Backed Securities | 12.7% | |||
U.S. Government Agency Mortgages | 8.1% | |||
Money Market Fund | 2.4% | |||
Municipal Bonds | 2.4% |
U.S. Government Securities Fund | ||||
U.S. Treasury Obligations | 99.1% | |||
Money Market Fund | 0.9% |
U.S. Government Securities Ultra-Short Bond Fund | ||||
U.S. Government Agency Mortgages | 63.0% | |||
Collateralized Mortgage Obligations | 35.7% | |||
U.S. Treasury Obligations | 0.5% | |||
Money Market Fund | 0.8% |
Virginia Intermediate Municipal Bond Fund | ||||
Municipal Bonds | 97.4% | |||
Money Market Fund | 2.6% |
Industry allocation is subject to change.
4
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Core Bond Fund
Shares or Principal Amount($) | Value($) | |||||||
Asset-Backed Securities 4.0% | ||||||||
Credit Card 3.2% | ||||||||
American Express Credit Account Master Trust, Series 2014-2, Cl A, 1.260%, 01/15/20 | 580,000 | 577,763 | ||||||
Barclays Dryrock Issuance Trust, Series 2014-3, Cl A, 2.410%, 07/15/22 | 1,934,000 | 1,934,464 | ||||||
Cabela’s Master Credit Card Trust, Series 2014-1, Cl A, 0.504%, 03/16/20(a) | 413,000 | 412,744 | ||||||
Capital One Multi-Asset Execution Trust, Series 2006-B1, Cl B1, 0.434%, 01/15/19(a) | 823,000 | 819,734 | ||||||
Chase Issuance Trust, Series 2014-A1, Cl A1, 1.150%, 01/15/19 | 1,171,000 | 1,170,015 | ||||||
Discover Card Execution Note Trust, Series 2012-B3, Cl B3, 0.604%, 05/15/18(a) | 1,585,000 | 1,587,243 | ||||||
|
| |||||||
6,501,963 | ||||||||
|
| |||||||
Other 0.8% |
| |||||||
Domino’s Pizza Master Issuer LLC, Series 2012-1A, Cl A2, 5.216%, 01/25/42(b) | 1,655,186 | 1,748,138 | ||||||
|
| |||||||
Total Asset-Backed Securities (Cost $8,153,476) | 8,250,101 | |||||||
|
| |||||||
Collateralized Mortgage Obligations 7.1% | ||||||||
Agency Collateralized Mortgage Obligations 2.9% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series 3745, Cl AY, REMIC, 4.000%, 10/15/30 | 126,000 | 132,481 | ||||||
Series 3768, Cl CB, 3.500%, 12/15/25 | 36,000 | 37,355 | ||||||
Series 3800, Cl CB,REMIC, 3.500%, 02/15/26 | 42,000 | 43,589 | ||||||
Series 3806, Cl L, 3.500%, 02/15/26 | 544,000 | 563,470 | ||||||
Series 3877, Cl LM, 3.500%, 06/15/26 | 26,000 | 26,974 | ||||||
Series 4313, Cl LY, 3.000%, 03/15/29 | 174,000 | 169,716 | ||||||
Series 4364, Cl VB, REMIC, 4.000%, 07/15/32 | 1,332,000 | 1,403,145 | ||||||
|
| |||||||
2,376,730 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Agency Collateralized Mortgage Obligations—continued |
| |||||||
Federal National Mortgage Association | ||||||||
Series 2012-17, Cl BC, 3.500%, 03/25/27 | 1,379,000 | 1,417,688 | ||||||
Series 2012-93, Cl CY, 1.500%, 09/25/27 | 232,000 | 193,628 | ||||||
|
| |||||||
1,611,316 | ||||||||
|
| |||||||
Government National Mortgage Association | ||||||||
Series 2013-124, Cl VB, REMIC, 3.500%, 03/20/30 | 1,674,000 | 1,719,991 | ||||||
Series 2014-118, Cl WL, REMIC, 3.500%, 08/20/29 | 250,000 | 256,472 | ||||||
|
| |||||||
1,976,463 | ||||||||
|
| |||||||
5,964,509 | ||||||||
|
| |||||||
Commercial Mortgage Backed Securities 4.2% |
| |||||||
Federal National Mortgage Association | ||||||||
Series 2014-M8, Cl A2, 3.056%, 06/25/24(a) | 1,288,000 | 1,290,128 | ||||||
|
| |||||||
GS Mortgage Securities Corp. II | ||||||||
Series 2012-ALOH, Cl A, 3.551%, 04/10/34(b) | 746,000 | 766,985 | ||||||
Series 2012-BWTR, Cl B, 3.255%, 11/05/34(b) | 1,195,000 | 1,171,729 | ||||||
|
| |||||||
1,938,714 | ||||||||
|
| |||||||
GS Mortgage Securities Trust |
| |||||||
Series 2011-GC5, Cl AS, 5.209%, 08/10/44(a)(b) | 440,000 | 490,617 | ||||||
|
| |||||||
JPMorgan Chase Commercial Mortgage Securities Trust | ||||||||
Series 2010-C2, Cl C, 5.692%, 11/15/43(a)(b) | 906,000 | 1,007,506 | ||||||
Series 2011-C3, Cl D, 5.753%, 02/15/46(a)(b) | 1,314,000 | 1,442,208 | ||||||
Series 2012-HSBC, Cl B, 3.722%, 07/05/32(b) | 380,000 | 389,580 | ||||||
|
| |||||||
2,839,294 | ||||||||
|
| |||||||
OBP Depositor LLC Trust |
| |||||||
Series 2010-OBP, Cl A, 4.646%, 07/15/45(b) | 866,000 | 954,387 | ||||||
|
| |||||||
WFRBS Commercial Mortgage Trust | ||||||||
Series 2011-C3, Cl D, 5.723%, 03/15/44(a)(b) | 1,019,000 | 1,086,269 | ||||||
|
| |||||||
8,599,409 | ||||||||
|
| |||||||
Total Collateralized Mortgage Obligations | 14,563,918 | |||||||
|
|
See Notes to Financial Statements.
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Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Core Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Corporate Bonds 22.6% | ||||||||
Aerospace/Defense 0.3% |
| |||||||
L-3 Communications Corp., 3.950%, 05/28/24 | 568,000 | 563,575 | ||||||
|
| |||||||
Agriculture 0.3% | ||||||||
Japan Tobacco, Inc., 2.100%, 07/23/18(b) | 693,000 | 698,269 | ||||||
|
| |||||||
Airlines 0.7% | ||||||||
American Airlines Pass Through Trust, Series 2013-2, 4.950%, 07/15/24 | 1,006,270 | 1,079,225 | ||||||
United Airlines Pass Through Trust, Series 2014-1, Cl A, 4.000%, 10/11/27(c) | 416,000 | 418,080 | ||||||
|
| |||||||
1,497,305 | ||||||||
|
| |||||||
Auto Manufacturers 0.4% |
| |||||||
Daimler Finance N.A. LLC, 3.875%, 09/15/21(b) | 434,000 | 460,249 | ||||||
Volkswagen International Finance, 2.375%, 03/22/17(b) | 381,000 | 390,948 | ||||||
|
| |||||||
851,197 | ||||||||
|
| |||||||
Auto Parts & Equipment 0.2% |
| |||||||
Delphi Corp., 4.150%, 03/15/24 | 306,000 | 312,162 | ||||||
|
| |||||||
Banks 5.7% | ||||||||
Bank of America Corp., 1.700%, 08/25/17, MTN | 512,000 | 509,788 | ||||||
Bank of America Corp., 2.600%, 01/15/19 | 550,000 | 548,929 | ||||||
Bank of America Corp., 4.000%, 04/01/24 | 388,000 | 392,043 | ||||||
Bank of America NA, 1.250%, 02/14/17 | 279,000 | 278,134 | ||||||
Citigroup, Inc., 2.500%, 09/26/18 | 827,000 | 832,379 | ||||||
Citigroup, Inc., 4.950%, 11/07/43 | 539,000 | 570,486 | ||||||
Credit Suisse New York, 3.625%, 09/09/24, MTN | 430,000 | 424,241 | ||||||
Goldman Sachs Group, Inc. (The), 2.625%, 01/31/19 | 701,000 | 699,197 | ||||||
HSBC Bank PLC, 3.500%, 06/28/15(b) | 447,000 | 457,054 | ||||||
Huntington National Bank (The), 1.300%, 11/20/16 | 602,000 | 602,531 |
Shares or Principal Amount($) | Value($) | |||||||
Banks—continued | ||||||||
Intesa Sanpaolo SpA, 5.017%, 06/26/24(b) | 457,000 | 445,272 | ||||||
JPMorgan Chase & Co., Series V, 5.000%(a)(d) | 653,000 | 636,544 | ||||||
KeyBank NA, 1.650%, 02/01/18 | 831,000 | 827,733 | ||||||
Morgan Stanley, 4.350%, 09/08/26, MTN | 260,000 | 255,532 | ||||||
Morgan Stanley, 5.000%, 11/24/25 | 373,000 | 390,087 | ||||||
Morgan Stanley, Series F, 3.875%, 04/29/24 | 396,000 | 395,589 | ||||||
UBS AG, 2.375%, 08/14/19, MTN | 694,000 | 687,905 | ||||||
US Bancorp, 3.600%, 09/11/24, MTN | 734,000 | 725,355 | ||||||
US Bank NA, 1.100%, 01/30/17 | 719,000 | 718,277 | ||||||
Wells Fargo & Co., 1.250%, 02/13/15, MTN | 589,000 | 591,003 | ||||||
Wells Fargo & Co., 4.100%, 06/03/26, MTN | 684,000 | 681,596 | ||||||
|
| |||||||
11,669,675 | ||||||||
|
| |||||||
Beverages 0.3% | ||||||||
SABMiller Holdings, Inc., 2.450%, 01/15/17(b) | 683,000 | 697,754 | ||||||
|
| |||||||
Biotechnology 0.2% | ||||||||
Celgene Corp., 4.625%, 05/15/44 | 436,000 | 427,759 | ||||||
|
| |||||||
Chemicals 0.2% | ||||||||
Praxair, Inc., 4.625%, 03/30/15 | 414,000 | 422,730 | ||||||
|
| |||||||
Commercial Services 0.8% | ||||||||
ERAC USA Finance LLC, 2.750%, 03/15/17(b) | 260,000 | 267,830 | ||||||
ERAC USA Finance LLC, 3.850%, 11/15/24(b) | 210,000 | 210,381 | ||||||
ERAC USA Finance LLC, 5.250%, 10/01/20(b) | 401,000 | 452,018 | ||||||
ERAC USA Finance LLC, 5.600%, 05/01/15(b) | 589,000 | 605,884 | ||||||
|
| |||||||
1,536,113 | ||||||||
|
| |||||||
Computers 0.8% | ||||||||
Apple, Inc., 2.850%, 05/06/21 | 690,000 | 691,354 | ||||||
International Business Machines Corp., 0.875%, 10/31/14 | 993,000 | 993,532 | ||||||
|
| |||||||
1,684,886 | ||||||||
|
|
See Notes to Financial Statements.
6
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Core Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Diversified Financial Services 1.9% |
| |||||||
American Express Credit Corp., 2.375%, 03/24/17, MTN | 254,000 | 259,917 | ||||||
Ford Motor Credit Co. LLC, 5.000%, 05/15/18 | 733,000 | 800,543 | ||||||
General Electric Capital Corp., 3.450%, 05/15/24, MTN | 659,000 | 660,951 | ||||||
John Deere Capital Corp., 1.250%, 12/02/14, MTN | 524,000 | 524,900 | ||||||
Lazard Group LLC, 4.250%, 11/14/20 | 660,000 | 689,977 | ||||||
MassMutual Global Funding LLC, 2.000%, 04/05/17(b) | 370,000 | 375,596 | ||||||
Toyota Motor Credit Corp., 3.200%, 06/17/15, MTN | 241,000 | 245,835 | ||||||
Woodside Finance Ltd., 4.600%, 05/10/21(b) | 383,000 | 414,017 | ||||||
|
| |||||||
3,971,736 | ||||||||
|
| |||||||
Electric 0.3% | ||||||||
Berkshire Hathaway Energy Co., 6.125%, 04/01/36 | 177,000 | 219,045 | ||||||
Dominion Resources, Inc., 1.950%, 08/15/16 | 195,000 | 198,225 | ||||||
Exelon Generation Co. LLC, 6.200%, 10/01/17 | 222,000 | 249,633 | ||||||
|
| |||||||
666,903 | ||||||||
|
| |||||||
Electronics 0.1% | ||||||||
Thermo Fisher Scientific, Inc., 5.300%, 02/01/44 | 190,000 | 208,542 | ||||||
|
| |||||||
Healthcare-Services 0.2% | ||||||||
Howard Hughes Medical Institute, 3.500%, 09/01/23 | 323,000 | 332,789 | ||||||
UnitedHealth Group, Inc., 4.250%, 03/15/43 | 152,000 | 148,458 | ||||||
|
| |||||||
481,247 | ||||||||
|
| |||||||
Insurance 1.4% | ||||||||
American International Group, Inc., 5.850%, 01/16/18, MTN | 559,000 | 628,832 | ||||||
Arch Capital Group US, Inc., 5.144%, 11/01/43 | 513,000 | 550,238 | ||||||
Berkshire Hathaway, Inc., 3.200%, 02/11/15 | 517,000 | 522,363 | ||||||
Fairfax Financial Holdings Ltd., 5.800%, 05/15/21(b) | 114,000 | 122,341 | ||||||
Nationwide Financial Services, Inc., 5.375%, 03/25/21(b) | 650,000 | 730,184 |
Shares or Principal Amount($) | Value($) | |||||||
Insurance—continued |
| |||||||
Reinsurance Group of America, Inc., 4.700%, 09/15/23, MTN | 207,000 | 220,572 | ||||||
|
| |||||||
2,774,530 | ||||||||
|
| |||||||
Media 0.3% | ||||||||
British Sky Broadcasting Group PLC, 2.625%, 09/16/19(b) | 200,000 | 199,880 | ||||||
Comcast Corp., 4.650%, 07/15/42 | 286,000 | 295,323 | ||||||
Time Warner Cable, Inc., 4.500%, 09/15/42 | 166,000 | 163,807 | ||||||
|
| |||||||
659,010 | ||||||||
|
| |||||||
Mining 1.9% | ||||||||
Barrick (PD) Australia Finance Property Ltd., 4.950%, 01/15/20 | 144,000 | 155,950 | ||||||
Barrick (PD) Australia Finance Property Ltd., 5.950%, 10/15/39 | 885,000 | 890,246 | ||||||
Barrick International Barbados Corp., 6.350%, 10/15/36(b) | 685,000 | 725,850 | ||||||
Barrick North America Finance LLC, 5.750%, 05/01/43 | 127,000 | 125,690 | ||||||
BHP Billiton Finance USA Ltd., 1.125%, 11/21/14 | 542,000 | 542,578 | ||||||
Newmont Mining Corp., 6.250%, 10/01/39 | 1,445,000 | 1,424,487 | ||||||
|
| |||||||
3,864,801 | ||||||||
|
| |||||||
Miscellaneous Manufacturer 0.3% |
| |||||||
3M Co., 1.375%, 09/29/16 | 194,000 | 196,796 | ||||||
General Electric Co., 4.125%, 10/09/42 | 194,000 | 192,749 | ||||||
General Electric Co., 5.250%, 12/06/17 | 181,000 | 200,811 | ||||||
|
| |||||||
590,356 | ||||||||
|
| |||||||
Oil & Gas 0.7% |
| |||||||
BP Capital Markets PLC, 2.248%, 11/01/16 | 301,000 | 308,744 | ||||||
Continental Resources, Inc., 3.800%, 06/01/24(e) | 338,000 | 331,076 | ||||||
Ensco PLC, 5.750%, 10/01/44 | 301,000 | 305,140 | ||||||
Marathon Petroleum Corp., 5.000%, 09/15/54 | 516,000 | 491,674 | ||||||
|
| |||||||
1,436,634 | ||||||||
|
|
See Notes to Financial Statements.
7
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Core Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Oil & Gas Services 0.6% |
| |||||||
Schlumberger Investment SA, 3.300%, 09/14/21(b) | 292,000 | 302,060 | ||||||
Weatherford International Ltd., 5.125%, 09/15/20 | 174,000 | 189,769 | ||||||
Weatherford International Ltd., 5.950%, 04/15/42 | 319,000 | 342,642 | ||||||
Weatherford International Ltd., 6.500%, 08/01/36 | 349,000 | 402,553 | ||||||
|
| |||||||
1,237,024 | ||||||||
|
| |||||||
Pharmaceuticals 0.4% |
| |||||||
Express Scripts Holding Co., 2.650%, 02/15/17 | 270,000 | 277,644 | ||||||
Novartis Securities Investment Ltd., 5.125%, 02/10/19 | 162,000 | 181,935 | ||||||
Teva Pharmaceutical Finance Co. LLC, 6.150%, 02/01/36 | 310,000 | 372,735 | ||||||
|
| |||||||
832,314 | ||||||||
|
| |||||||
Pipelines 0.4% |
| |||||||
Kinder Morgan Energy Partners LP, 5.000%, 08/15/42 | 660,000 | 621,767 | ||||||
Spectra Energy Partners LP, 5.950%, 09/25/43 | 150,000 | 176,107 | ||||||
|
| |||||||
797,874 | ||||||||
|
| |||||||
Real Estate Investment Trust 0.7% |
| |||||||
American Tower Corp., 3.500%, 01/31/23 | 291,000 | 276,648 | ||||||
American Tower Corp., 5.000%, 02/15/24 | 565,000 | 592,190 | ||||||
Digital Realty Trust LP, 5.875%, 02/01/20(c) | 472,000 | 524,437 | ||||||
|
| |||||||
1,393,275 | ||||||||
|
| |||||||
Retail 0.6% |
| |||||||
Kohl’s Corp., 6.875%, 12/15/37 | 320,000 | 391,510 | ||||||
Wal-Mart Stores, Inc., 1.125%, 04/11/18 | 892,000 | 879,895 | ||||||
|
| |||||||
1,271,405 | ||||||||
|
| |||||||
Semiconductors 0.5% |
| |||||||
Analog Devices, Inc., 3.000%, 04/15/16 | 131,000 | 135,059 | ||||||
Intel Corp., 1.950%, 10/01/16 | 226,000 | 230,979 | ||||||
TSMC Global Ltd., 1.625%, 04/03/18(b) | 657,000 | 648,758 | ||||||
|
| |||||||
1,014,796 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Software 0.2% |
| |||||||
Oracle Corp., 1.200%, 10/15/17 | 177,000 | 175,724 | ||||||
Oracle Corp., 2.375%, 01/15/19 | 219,000 | 221,886 | ||||||
|
| |||||||
397,610 | ||||||||
|
| |||||||
Telecommunication Services 1.7% |
| |||||||
AT&T, Inc., 2.375%, 11/27/18 | 665,000 | 671,221 | ||||||
AT&T, Inc., 4.350%, 06/15/45 | 168,000 | 154,418 | ||||||
CC Holdings GS V LLC/Crown Castle GS III Corp., 3.849%, 04/15/23 | 711,000 | 699,367 | ||||||
Cisco Systems, Inc., 2.125%, 03/01/19 | 366,000 | 365,816 | ||||||
Cisco Systems, Inc., 5.500%, 02/22/16 | 229,000 | 243,861 | ||||||
Verizon Communications, Inc., 5.012%, 08/21/54(b) | 1,271,000 | 1,277,034 | ||||||
|
| |||||||
3,411,717 | ||||||||
|
| |||||||
Transportation 0.5% |
| |||||||
Burlington Northern Santa Fe LLC, 4.550%, 09/01/44 | 802,000 | 801,404 | ||||||
Union Pacific Corp., 4.150%, 01/15/45 | 232,000 | 227,516 | ||||||
|
| |||||||
1,028,920 | ||||||||
|
| |||||||
Total Corporate Bonds (Cost $45,462,795) | 46,400,119 | |||||||
|
| |||||||
Municipal Bond 0.5% | ||||||||
New York 0.5% |
| |||||||
Utility Debt Securitization Authority, Series T, RB, 2.937%, 06/15/23 | 961,000 | 967,698 | ||||||
|
| |||||||
Total Municipal Bond (Cost $960,972) | 967,698 | |||||||
|
| |||||||
U.S. Government Agency Mortgages 25.1% | ||||||||
Federal Home Loan Mortgage Corporation | ||||||||
Pool #J14244, 3.000%, 01/01/26 | 721,195 | 743,341 | ||||||
Pool #J14245, 3.000%, 01/01/26 | 385,898 | 397,805 | ||||||
Pool #J17791, 3.000%, 01/01/27 | 470,705 | 484,739 | ||||||
Pool #G14328, 3.000%, 01/01/27 | 588,189 | 605,714 | ||||||
Pool #J18800, 3.000%, 04/01/27 | 1,196,512 | 1,232,079 |
See Notes to Financial Statements.
8
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Core Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #G14517, 2.500%, 07/01/27 | 1,269,036 | 1,281,942 | ||||||
Pool #J20118, 2.500%, 08/01/27 | 88,225 | 89,122 | ||||||
Pool #G14599, 2.500%, 11/01/27 | 143,044 | 144,499 | ||||||
Pool #G30614, 3.500%, 12/01/32 | 1,741,579 | 1,813,591 | ||||||
Pool #A12413, 5.000%, 08/01/33 | 172,325 | 190,326 | ||||||
Pool #G05052, 5.000%, 10/01/33 | 112,673 | 124,387 | ||||||
Pool #G01779, 5.000%, 04/01/35 | 229,052 | 253,297 | ||||||
Pool #G01838, 5.000%, 07/01/35 | 51,357 | 56,793 | ||||||
Pool #G01837, 5.000%, 07/01/35 | 899,778 | 995,072 | ||||||
Pool #A37619, 4.500%, 09/01/35 | 29,965 | 32,458 | ||||||
Pool #G04997, 5.000%, 01/01/37 | 59,406 | 65,667 | ||||||
Pool #G05254, 5.000%, 01/01/37 | 611,069 | 675,303 | ||||||
Pool #Q06160, 4.000%, 02/01/37 | 141,123 | 148,778 | ||||||
Pool #G03296, 6.000%, 09/01/37 | 434,708 | 492,975 | ||||||
Pool #G05326, 5.000%, 02/01/38 | 228,934 | 253,093 | ||||||
Pool #G04337, 5.500%, 04/01/38 | 64,044 | 71,359 | ||||||
Pool #G08347, 4.500%, 06/01/39 | 249,763 | 269,498 | ||||||
Pool #G08353, 4.500%, 07/01/39 | 1,563,992 | 1,687,570 | ||||||
Pool #G06079, 6.000%, 07/01/39 | 104,887 | 118,571 | ||||||
Pool #A87874, 4.000%, 08/01/39 | 331,720 | 351,103 | ||||||
Pool #A89148, 4.000%, 10/01/39 | 492,861 | 519,595 | ||||||
Pool #A89384, 4.000%, 10/01/39 | 97,626 | 102,921 | ||||||
Pool #G08372, 4.500%, 11/01/39 | 923,804 | 997,033 | ||||||
Pool #A93101, 5.000%, 07/01/40 | 110,978 | 122,760 | ||||||
Pool #G06990, 5.500%, 08/01/40 | 1,007,294 | 1,121,576 |
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #A93996, 4.500%, 09/01/40 | 368,797 | 398,129 | ||||||
Pool #A94362, 4.000%, 10/01/40 | 455,723 | 482,396 | ||||||
Pool #G06061, 4.000%, 10/01/40 | 710,376 | 749,789 | ||||||
Pool #A94742, 4.000%, 11/01/40 | 77,322 | 81,725 | ||||||
Pool #A95084, 4.000%, 11/01/40 | 84,035 | 89,634 | ||||||
Pool #A95085, 4.000%, 11/01/40 | 622,381 | 656,141 | ||||||
Pool #A95796, 4.000%, 12/01/40 | 312,701 | 329,664 | ||||||
Pool #A95822, 4.000%, 12/01/40 | 753,671 | 796,611 | ||||||
Pool #A97047, 4.500%, 02/01/41 | 81,262 | 87,722 | ||||||
Pool #G06802, 4.500%, 10/01/41 | 708,000 | 764,168 | ||||||
Pool #849139, 3.200%, 09/01/43(a)(e) | 1,966,510 | 2,020,139 | ||||||
|
| |||||||
21,899,085 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Pool #AM3353, 2.450%, 05/01/23 | 162,999 | 157,923 | ||||||
Pool #AM3893, 2.940%, 07/01/23 | 108,974 | 109,829 | ||||||
Pool #AM4353, 3.740%, 09/01/23 | 1,548,119 | 1,640,924 | ||||||
Pool #AM5146, 3.470%, 01/01/24 | 194,231 | 202,621 | ||||||
Pool #AB6472, 2.000%, 10/01/27 | 456,023 | 446,759 | ||||||
Pool #AB7158, 2.500%, 12/01/27 | 426,151 | 431,125 | ||||||
Pool #AR1524, 2.000%, 01/01/28 | 984,385 | 964,370 | ||||||
Pool #AR6867, 2.000%, 02/01/28 | 552,090 | 540,870 | ||||||
Pool #AB1763, 4.000%, 11/01/30 | 163,249 | 174,512 | ||||||
Pool #MA0804, 4.000%, 07/01/31 | 445,618 | 476,371 | ||||||
Pool #MA0949, 3.500%, 01/01/32 | 217,368 | 226,815 | ||||||
Pool #AP9592, 3.500%, 10/01/32 | 1,192,923 | 1,244,802 |
See Notes to Financial Statements.
9
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Core Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #MA1630, 4.000%, 10/01/33 | 237,441 | 252,638 | ||||||
Pool #745044, 4.500%, 08/01/35 | 290,910 | 315,258 | ||||||
Pool #878094, 6.000%, 04/01/36 | 1,348,642 | 1,547,165 | ||||||
Pool #190370, 6.000%, 06/01/36 | 458,447 | 520,099 | ||||||
Pool #AI7951, 4.500%, 08/01/36 | 372,097 | 401,688 | ||||||
Pool #890547, 4.000%, 11/01/36 | 938,697 | 992,029 | ||||||
Pool #AJ5974, 4.000%, 12/01/36 | 129,547 | 136,946 | ||||||
Pool #995082, 5.500%, 08/01/37 | 651,007 | 729,576 | ||||||
Pool #890248, 6.000%, 08/01/37 | 129,100 | 147,021 | ||||||
Pool #AB7572, 3.000%, 01/01/38 | 118,938 | 118,655 | ||||||
Pool #889529, 6.000%, 03/01/38 | 24,277 | 27,639 | ||||||
Pool #995243, 4.500%, 08/01/38 | 480,327 | 518,525 | ||||||
Pool #AU4728, 4.000%, 09/01/38 | 418,473 | 442,618 | ||||||
Pool #930672, 4.500%, 03/01/39 | 179,610 | 195,802 | ||||||
Pool #AC1877, 4.500%, 09/01/39 | 255,292 | 275,876 | ||||||
Pool #AC2817, 4.000%, 10/01/39 | 129,509 | 136,668 | ||||||
Pool #AC5445, 5.000%, 11/01/39 | 282,108 | 314,022 | ||||||
Pool #AE0215, 4.000%, 12/01/39 | 205,887 | 217,268 | ||||||
Pool #932441, 4.000%, 01/01/40 | 1,220,128 | 1,287,574 | ||||||
Pool #AC9564, 4.500%, 02/01/40 | 348,616 | 379,653 | ||||||
Pool #AD1649, 4.000%, 03/01/40 | 220,606 | 232,800 | ||||||
Pool #AE0216, 4.000%, 08/01/40 | 472,949 | 499,093 | ||||||
Pool #AD8033, 4.000%, 08/01/40 | 86,150 | 90,912 | ||||||
Pool #AB1343, 4.500%, 08/01/40 | 652,350 | 711,559 | ||||||
Pool #AE4192, 4.000%, 10/01/40 | 669,605 | 709,392 |
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #AE4113, 4.000%, 10/01/40 | 140,166 | 148,072 | ||||||
Pool #AE4414, 4.000%, 11/01/40 | 719,970 | 759,768 | ||||||
Pool #AE5143, 4.000%, 11/01/40 | 99,734 | 105,247 | ||||||
Pool #AE9284, 4.000%, 11/01/40 | 178,682 | 188,559 | ||||||
Pool #AE0624, 4.000%, 11/01/40 | 244,925 | 258,569 | ||||||
Pool #AE0625, 4.000%, 12/01/40 | 227,462 | 241,563 | ||||||
Pool #AH3586, 4.000%, 01/01/41 | 468,157 | 494,036 | ||||||
Pool #MA0639, 4.000%, 02/01/41 | 339,981 | 358,775 | ||||||
Pool #AL0240, 4.000%, 04/01/41 | 534,797 | 566,600 | ||||||
Pool #AL0215, 4.500%, 04/01/41 | 1,207,929 | 1,307,434 | ||||||
Pool #AB2694, 4.500%, 04/01/41 | 454,647 | 492,430 | ||||||
Pool #AB3274, 4.500%, 07/01/41 | 1,652,343 | 1,795,902 | ||||||
Pool #MA1044, 3.000%, 04/01/42 | 526,475 | 520,537 | ||||||
Pool #AP4784, 3.000%, 09/01/42 | 252,900 | 249,956 | ||||||
Pool #AR9198, 3.000%, 03/01/43 | 1,543,935 | 1,525,008 | ||||||
Pool #AT0682, 3.000%, 04/01/43 | 941,510 | 929,966 | ||||||
Pool #AT2014, 3.000%, 04/01/43 | 473,982 | 468,120 | ||||||
Pool #AT2723, 3.000%, 05/01/43(e) | 580,007 | 572,775 | ||||||
Pool #AM6713, 2.890%, 10/01/44(e) | 886,000 | 880,188 | ||||||
|
| |||||||
29,680,902 | ||||||||
|
| |||||||
Total U.S. Government Agency Mortgages | 51,579,987 | |||||||
|
| |||||||
U.S. Treasury Obligations 37.4% | ||||||||
U.S. Treasury Bond 3.6% | ||||||||
3.375%, 05/15/44 | 7,272,000 | 7,508,340 | ||||||
|
| |||||||
U.S. Treasury Notes 33.8% | ||||||||
0.500%, 10/15/14 | 13,078,000 | 13,079,530 | ||||||
0.500%, 06/15/16 | 4,643,000 | 4,647,355 | ||||||
0.875%, 02/28/17 | 20,692,000 | 20,713,023 |
See Notes to Financial Statements.
10
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Core Bond Fund — concluded
Shares or Principal Amount($) | Value($) | |||||||
U.S. Treasury Notes—continued |
| |||||||
1.500%, 01/31/19(f) | 11,838,000 | 11,764,012 | ||||||
2.375%, 08/15/24 | 19,378,000 | 19,153,952 | ||||||
|
| |||||||
69,357,872 | ||||||||
|
| |||||||
Total U.S. Treasury Obligations (Cost $77,019,324) |
| 76,866,212 | ||||||
|
| |||||||
Foreign Government Bonds 1.0% | ||||||||
Sovereign 1.0% | ||||||||
Brazilian Government International Bond, 7.125%, 01/20/37 | 633,000 | 777,007 | ||||||
Indonesia Government International Bond, 6.625%, 02/17/37(b) | 621,000 | 701,730 | ||||||
Mexico Government International Bond, 5.550%, 01/21/45 | 278,000 | 308,858 | ||||||
Turkey Government International Bond, 6.875%, 03/17/36 | 303,000 | 347,329 | ||||||
|
| |||||||
2,134,924 | ||||||||
|
| |||||||
Total Foreign Government Bonds (Cost $2,090,974) |
| 2,134,924 | ||||||
|
| |||||||
Short-Term Investment 0.5% | ||||||||
RidgeWorth Funds Securities Lending Joint Account(g) | 953,160 | 953,160 | ||||||
|
| |||||||
Total Short-Term Investment (Cost $953,160) |
| 953,160 | ||||||
|
| |||||||
Money Market Fund 1.7% | ||||||||
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(h) | 3,568,037 | 3,568,037 | ||||||
|
| |||||||
Total Money Market Fund |
| 3,568,037 | ||||||
|
| |||||||
Total Investments |
| 205,284,156 | ||||||
Other Assets in Excess of Liabilities — 0.1% |
| 218,386 | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 205,502,542 | ||||||
|
|
(a) | Variable or floating rate security. Rate disclosed is as of September 30, 2014. |
(b) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s investment adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 9.4% of net assets as of September 30, 2014. |
(c) | The security or a partial position of the security was on loan as of September 30, 2014. The total value of securities on loan as of September 30, 2014 was $926,351. |
(d) | Perpetual maturity. |
(e) | All or a portion of this security has been purchased on a when-issued or delayed-delivery basis. |
(f) | All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments. |
(g) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2014 (See Note 2(k)). |
(h) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
Investment Abbreviations
MTN | — | Medium Term Note | ||
RB | — | Revenue Bond | ||
REMIC | — | Real Estate Mortgage Investment Conduit |
See Notes to Financial Statements.
11
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Corporate Bond Fund
Shares or Principal Amount($) | Value($) | |||||||
Corporate Bonds 96.5% | ||||||||
Aerospace/Defense 1.1% | ||||||||
L-3 Communications Corp., 3.950%, 05/28/24 | 365,000 | 362,156 | ||||||
|
| |||||||
Agriculture 1.4% | ||||||||
Japan Tobacco, Inc., | 450,000 | 453,421 | ||||||
|
| |||||||
Airlines 3.2% | ||||||||
American Airlines Pass Through Trust, Series 2013-2, | 647,562 | 694,510 | ||||||
United Airlines Pass Through Trust, Series 2014-1, Cl A, 4.000%, 10/11/27(b) | 358,000 | 359,790 | ||||||
|
| |||||||
1,054,300 | ||||||||
|
| |||||||
Auto Manufacturers 1.1% |
| |||||||
General Motors Co., 6.250%, 10/02/43 | 307,000 | 359,190 | ||||||
|
| |||||||
Auto Parts & Equipment 1.4% |
| |||||||
Delphi Corp., 4.150%, 03/15/24 | 313,000 | 319,303 | ||||||
Lear Corp., 4.750%, 01/15/23 | 163,000 | 160,962 | ||||||
|
| |||||||
480,265 | ||||||||
|
| |||||||
Banks 22.1% | ||||||||
Bank of America Corp., 1.700%, 08/25/17, MTN | 409,000 | 407,233 | ||||||
Bank of America Corp., 2.600%, 01/15/19 | 537,000 | 535,954 | ||||||
Bank of America Corp., 4.000%, 04/01/24 | 426,000 | 430,439 | ||||||
Citigroup, Inc., 2.500%, 09/26/18 | 794,000 | 799,164 | ||||||
Citigroup, Inc., 4.950%, 11/07/43 | 299,000 | 316,466 | ||||||
Credit Suisse New York, 3.625%, 09/09/24, MTN | 342,000 | 337,420 | ||||||
Goldman Sachs Group, Inc. (The), 2.625%, 01/31/19 | 726,000 | 724,133 | ||||||
Intesa Sanpaolo SpA, | 360,000 | 350,761 | ||||||
JPMorgan Chase & Co., Series V, 5.000%(c)(d) | 529,000 | 515,669 | ||||||
KeyBank NA, 1.650%, 02/01/18 | 299,000 | 297,825 | ||||||
Morgan Stanley, 4.350%, 09/08/26, MTN | 159,000 | 156,268 | ||||||
Morgan Stanley, 5.000%, 11/24/25 | 333,000 | 348,255 | ||||||
Morgan Stanley, Series F, 3.875%, 04/29/24 | 231,000 | 230,760 |
Shares or Principal Amount($) | Value($) | |||||||
Banks—continued | ||||||||
Morgan Stanley, Series H, 5.450%(c)(d) | 500,000 | 496,250 | ||||||
UBS AG, 2.375%, 08/14/19, MTN | 555,000 | 550,126 | ||||||
US Bancorp, 3.600%, 09/11/24, MTN | 448,000 | 442,724 | ||||||
Wells Fargo & Co., 4.100%, 06/03/26, MTN | 437,000 | 435,464 | ||||||
|
| |||||||
7,374,911 | ||||||||
|
| |||||||
Beverages 1.2% | ||||||||
SABMiller Holdings, Inc., 2.450%, 01/15/17(a) | 392,000 | 400,468 | ||||||
|
| |||||||
Biotechnology 0.8% | ||||||||
Celgene Corp., 4.625%, 05/15/44 | 282,000 | 276,670 | ||||||
|
| |||||||
Commercial Services 3.0% | ||||||||
ERAC USA Finance LLC, 2.750%, 03/15/17(a) | 334,000 | 344,059 | ||||||
ERAC USA Finance LLC, 2.800%, 11/01/18(a) | 353,000 | 361,194 | ||||||
ERAC USA Finance LLC, 5.250%, 10/01/20(a) | 251,000 | 282,934 | ||||||
|
| |||||||
988,187 | ||||||||
|
| |||||||
Computers 1.7% | ||||||||
Apple, Inc., 2.850%, 05/06/21 | 574,000 | 575,126 | ||||||
|
| |||||||
Diversified Financial Services 10.5% |
| |||||||
Ford Motor Credit Co. LLC, 5.000%, 05/15/18 | 587,000 | 641,090 | ||||||
General Electric Capital Corp., 3.450%, 05/15/24, MTN | 486,000 | 487,439 | ||||||
Lazard Group LLC, 4.250%, 11/14/20 | 515,000 | 538,391 | ||||||
Lazard Group LLC, 6.850%, 06/15/17 | 596,000 | 671,521 | ||||||
MassMutual Global Funding LLC, 2.000%, 04/05/17(a) | 266,000 | 270,023 | ||||||
Toyota Motor Credit Corp., 3.200%, 06/17/15, MTN | 419,000 | 427,406 | ||||||
Woodside Finance Ltd., 4.600%, 05/10/21(a) | 430,000 | 464,823 | ||||||
|
| |||||||
3,500,693 | ||||||||
|
| |||||||
Electric 3.2% | ||||||||
Dominion Resources, Inc., 1.950%, 08/15/16 | 220,000 | 223,638 | ||||||
Exelon Generation Co. LLC, 6.200%, 10/01/17 | 316,000 | 355,333 |
See Notes to Financial Statements.
12
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Corporate Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Electric—continued | ||||||||
FirstEnergy Transmission LLC, 5.450%, 07/15/44(a) | 500,000 | 506,241 | ||||||
|
| |||||||
1,085,212 | ||||||||
|
| |||||||
Healthcare—Services 2.5% |
| |||||||
Roche Holdings, Inc., 2.250%, 09/30/19(a) | 822,000 | 818,613 | ||||||
|
| |||||||
Insurance 4.9% | ||||||||
American International Group, Inc., 5.850%, 01/16/18, MTN | 555,000 | 624,332 | ||||||
Arch Capital Group US, Inc., 5.144%, 11/01/43 | 422,000 | 452,632 | ||||||
AXIS Specialty Finance PLC, 5.150%, 04/01/45 | 199,000 | 206,699 | ||||||
Fairfax Financial Holdings Ltd., 5.800%, 05/15/21(a) | 157,000 | 168,487 | ||||||
Reinsurance Group of America, Inc., 4.700%, 09/15/23, MTN | 163,000 | 173,687 | ||||||
|
| |||||||
1,625,837 | ||||||||
|
| |||||||
Media 1.5% | ||||||||
British Sky Broadcasting Group PLC, 2.625%, 09/16/19(a) | 200,000 | 199,880 | ||||||
Comcast Corp., 4.650%, 07/15/42 | 195,000 | 201,356 | ||||||
Time Warner Cable, Inc., 4.500%, 09/15/42 | 118,000 | 116,441 | ||||||
|
| |||||||
517,677 | ||||||||
|
| |||||||
Mining 4.0% | ||||||||
Barrick (PD) Australia Finance Property Ltd., 5.950%, 10/15/39 | 157,000 | 157,931 | ||||||
Barrick International Barbados Corp., 6.350%, 10/15/36(a) | 554,000 | 587,038 | ||||||
Barrick North America Finance LLC, 5.750%, 05/01/43 | 174,000 | 172,204 | ||||||
Newmont Mining Corp., 6.250%, 10/01/39 | 426,000 | 419,952 | ||||||
|
| |||||||
1,337,125 | ||||||||
|
| |||||||
Miscellaneous Manufacturer 1.1% |
| |||||||
General Electric Co., 5.250%, 12/06/17 | 335,000 | 371,666 | ||||||
|
| |||||||
Oil & Gas 1.3% | ||||||||
Ensco PLC, 5.750%, 10/01/44 | 128,000 | 129,761 | ||||||
Marathon Petroleum Corp., 5.000%, 09/15/54 | 328,000 | 312,537 | ||||||
|
| |||||||
442,298 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Oil & Gas Services 2.7% | ||||||||
Weatherford International Ltd., 5.125%, 09/15/20 | 201,000 | 219,216 | ||||||
Weatherford International Ltd., 5.950%, 04/15/42 | 257,000 | 276,047 | ||||||
Weatherford International Ltd., 6.500%, 08/01/36 | 364,000 | 419,855 | ||||||
|
| |||||||
915,118 | ||||||||
|
| |||||||
Pharmaceuticals 2.5% | ||||||||
Express Scripts Holding Co., 2.650%, 02/15/17 | 485,000 | 498,730 | ||||||
Teva Pharmaceutical Finance Co. LLC, 6.150%, 02/01/36 | 280,000 | 336,664 | ||||||
|
| |||||||
835,394 | ||||||||
|
| |||||||
Pipelines 4.5% | ||||||||
Access Midstream Partners LP/ACMP Finance Corp., 4.875%, 03/15/24 | 420,000 | 429,450 | ||||||
Kinder Morgan Energy Partners LP, 5.000%, 08/15/42 | 589,000 | 554,880 | ||||||
NuStar Logistics LP, 4.800%, 09/01/20 | 380,000 | 370,025 | ||||||
Spectra Energy Partners LP, 5.950%, 09/25/43 | 121,000 | 142,060 | ||||||
|
| |||||||
1,496,415 | ||||||||
|
| |||||||
Real Estate Investment Trust 5.0% |
| |||||||
American Tower Corp., 3.500%, 01/31/23 | 335,000 | 318,478 | ||||||
American Tower Corp., 5.000%, 02/15/24 | 558,000 | 584,853 | ||||||
Digital Realty Trust LP, 5.250%, 03/15/21(b) | 184,000 | 199,703 | ||||||
Digital Realty Trust LP, 5.875%, 02/01/20(b) | 515,000 | 572,215 | ||||||
|
| |||||||
1,675,249 | ||||||||
|
| |||||||
Retail 3.6% | ||||||||
Kohl’s Corp., 6.875%, 12/15/37 | 206,000 | 252,034 | ||||||
Wal-Mart Stores, Inc., 1.125%, 04/11/18 | 569,000 | 561,279 | ||||||
Wesfarmers Ltd., 1.874%, 03/20/18(a) | 381,000 | 378,632 | ||||||
|
| |||||||
1,191,945 | ||||||||
|
| |||||||
Semiconductors 2.3% | ||||||||
Analog Devices, Inc., 3.000%, 04/15/16 | 237,000 | 244,343 | ||||||
TSMC Global Ltd., 1.625%, 04/03/18(a) | 531,000 | 524,339 | ||||||
|
| |||||||
768,682 | ||||||||
|
|
See Notes to Financial Statements.
13
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Corporate Bond Fund — concluded
Shares or Principal Amount($) | Value($) | |||||||
Telecommunication Services 7.9% |
| |||||||
AT&T, Inc., 2.375%, 11/27/18 | 643,000 | 649,015 | ||||||
AT&T, Inc., 4.350%, 06/15/45 | 105,000 | 96,511 | ||||||
CC Holdings GS V LLC/Crown Castle GS III Corp., 3.849%, 04/15/23 | 555,000 | 545,920 | ||||||
Cisco Systems, Inc., 2.125%, 03/01/19 | 364,000 | 363,817 | ||||||
Verizon Communications, Inc., 5.012%, 08/21/54(a) | 992,000 | 996,709 | ||||||
|
| |||||||
2,651,972 | ||||||||
|
| |||||||
Transportation 2.0% | ||||||||
Burlington Northern Santa Fe LLC, 4.550%, 09/01/44 | 519,000 | 518,615 | ||||||
Union Pacific Corp., 4.150%, 01/15/45 | 149,000 | 146,120 | ||||||
|
| |||||||
664,735 | ||||||||
|
| |||||||
Total Corporate Bonds |
| 32,223,325 | ||||||
|
| |||||||
Short-Term Investment 3.5% |
| |||||||
RidgeWorth Funds Securities Lending Joint Account(e) | 1,164,430 | 1,164,430 | ||||||
|
| |||||||
Total Short-Term Investment |
| 1,164,430 | ||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Money Market Fund 1.5% | ||||||||
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(f) | 491,273 | 491,273 | ||||||
|
| |||||||
Total Money Market Fund |
| 491,273 | ||||||
|
| |||||||
Total Investments | 33,879,028 | |||||||
Liabilities in Excess of Other Assets — (1.5)% |
| (498,288 | ) | |||||
|
| |||||||
Net Assets — 100.0% | $ | 33,380,740 | ||||||
|
|
(a) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s investment adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 21.3% of net assets as of September 30, 2014. |
(b) | The security or a partial position of the security was on loan as of September 30, 2014. The total value of securities on loan as of September 30, 2014 was $1,131,876. |
(c) | Variable or floating rate security. Rate disclosed is as of September 30, 2014. |
(d) | Perpetual maturity. |
(e) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2014 (See Note 2(k)). |
(f) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
Investment Abbreviations
MTN —Medium Term Note
OTC Credit Default Swap Contract — Buy Protection
Underlying Instrument | Counterparty | Notional Amount | Fixed Rate | Expiration Date | Implied Credit Spread* | Upfront Payment Made | Value | Unrealized Appreciation | ||||||||||||||||||||||
Target Corp. | Barclays Bank PLC | $75,000 | 1.000 | % | 06/20/19 | 4.628 | % | $(2,076 | ) | $(1,936 | ) | $140 |
As the buyer of protection, the Fund pays periodic fees in return for payment by the seller which is contingent upon an adverse credit event occurring in the underlying issuer or reference entity.
OTC Credit Default Swap Contract — Sell Protection
Underlying Instrument | Counterparty | Notional Amount | Fixed Rate | Expiration Date | Implied Credit Spread* | Upfront Payment Made | Value | Unrealized Appreciation | ||||||||||||||||||||||
Kohl’s Corp. | JPMorgan | $75,000 | 1.000 | % | 09/20/19 | 10.246 | % | $(694 | ) | $(88 | ) | $606 |
The notional amount represents the maximum potential amount the Fund could be required to pay as seller of credit protection if a credit event occurs, as defined under the terms of the swap contract, for each security included in Kohl’s Corp.
The value column indicates the impact each respective swap agreement has on the Fund’s Net Assets at September 30, 2014.
* | Implied credit spreads serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular reference entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the reference entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
See Notes to Financial Statements.
14
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Georgia Tax-Exempt Bond Fund
Shares or Principal Amount($) | Value($) | |||||||
Municipal Bonds 96.8% | ||||||||
Alabama 0.5% | ||||||||
Birmingham, Series A, GO, 0.000%, 03/01/32(a) | 640,000 | 633,459 | ||||||
|
| |||||||
California 3.5% | ||||||||
California State, GO, 5.000%, 02/01/20 | 1,910,000 | 2,262,643 | ||||||
California State, GO, 5.000%, 02/01/38 | 2,000,000 | 2,238,200 | ||||||
|
| |||||||
4,500,843 | ||||||||
|
| |||||||
Georgia 86.1% | ||||||||
Athens-Clarke County Unified Government Development Authority, RB, 5.250%, 07/01/27 | 2,885,000 | 3,366,333 | ||||||
Athens-Clarke County Unified Government Development Authority, RB, 5.250%, 07/01/29 | 1,690,000 | 1,924,116 | ||||||
Athens-Clarke County Unified Government Development Authority, Catholic Health East, RB, 6.250%, 11/15/32 | 1,440,000 | 1,686,182 | ||||||
Athens-Clarke County Unified Government Water & Sewerage, RB, 5.500%, 01/01/38 | 4,000,000 | 4,582,000 | ||||||
Athens-Clarke County Unified Government Water & Sewerage, RB, 5.625%, 01/01/33 | 3,000,000 | 3,498,480 | ||||||
Atlanta Airport Passenger Facility Charge, Series B, RB, 5.000%, 01/01/21 | 2,000,000 | 2,343,440 | ||||||
Atlanta Airport Project, Series B, RB, 5.000%, 01/01/42 | 2,235,000 | 2,475,151 | ||||||
Atlanta Development Authority, Series A, RB, 4.375%, 09/01/36, Pre-refunded 09/01/2015 @ 100, XLCA | 1,000,000 | 1,038,650 | ||||||
Barrow County, GO, 5.000%, 10/01/25, Pre-refunded 10/01/2015 @ 100, NATL-RE | 2,000,000 | 2,097,360 | ||||||
Carroll County Water Authority, Water & Sewerage, RB, 5.250%, 07/01/22, Pre-refunded 07/01/2015 @ 100, AGM | 150,000 | 155,718 |
Shares or Principal Amount($) | Value($) | |||||||
Georgia—continued | ||||||||
Cherokee County Board of Education, GO, 5.000%, 08/01/33, State Aid Withholding | 2,000,000 | 2,287,920 | ||||||
Cherokee County Georgia Resource Recovery Development Authority, Solid Waste Disposal, RB, 5.000%, 07/01/37, AMBAC/ County Guaranteed, AMT | 1,000,000 | 1,035,000 | ||||||
Clarke County Hospital Authority, Athens Regional Medical Center, RB, 5.000%, 01/01/32 | 1,180,000 | 1,318,886 | ||||||
College Park Business & Industrial Development Authority, RB, 5.250%, 09/01/19, AMBAC | 565,000 | 613,138 | ||||||
DeKalb County, Water & Sewerage Revenue, Series A, RB, 5.000%, 10/01/22 | 1,000,000 | 1,197,110 | ||||||
DeKalb County, Water & Sewerage Revenue, Series A, RB, 5.250%, 10/01/23 | 1,500,000 | 1,801,890 | ||||||
DeKalb Private Hospital Authority, Children’s Healthcare of Atlanta, Inc., RB, 5.000%, 11/15/29 | 6,300,000 | 7,178,976 | ||||||
Douglasville-Douglas County Water & Sewer Authority, RB, 5.625%, 06/01/15, AMBAC | 135,000 | 138,494 | ||||||
Forsyth County, GO, 5.000%, 03/01/25 | 6,825,000 | 7,833,257 | ||||||
Forsyth County School District, GO, 5.000%, 02/01/20 | 3,385,000 | 4,023,072 | ||||||
Forsyth County Water & Sewerage Authority, RB, 5.000%, 04/01/31, Country Guaranteed | 645,000 | 768,014 | ||||||
Fulton County Development Authority, 5.000%, 05/01/39 | 5,145,000 | 5,822,494 | ||||||
Fulton County Development Authority, Georgia Tech Athletic Association, RB, 5.000%, 10/01/42 | 3,025,000 | 3,282,155 | ||||||
Fulton County Development Authority, RB, 5.000%, 10/01/22 | 750,000 | 888,368 |
See Notes to Financial Statements.
15
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Georgia Tax-Exempt Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Georgia—continued | ||||||||
Fulton County Development Authority, Robert Woodruff Arts Center, Inc., Series B, RB, 5.250%, 03/15/24 | 1,300,000 | 1,458,379 | ||||||
Fulton County Water & Sewerage Revenue, RB, 5.000%, 01/01/20 | 2,485,000 | 2,929,567 | ||||||
Fulton County Water & Sewerage Revenue, RB, 5.000%, 01/01/29 | 975,000 | 1,132,043 | ||||||
Georgia State, Series B, GO, 5.000%, 10/01/16 | 2,000,000 | 2,185,020 | ||||||
Georgia State, Series D, GO, 5.000%, 05/01/15 | 600,000 | 617,172 | ||||||
Georgia State, Series G, GO, 5.000%, 11/01/16 | 1,620,000 | 1,775,714 | ||||||
Georgia State Road & Tollway Authority, RB, 5.000%, 06/01/18 | 1,105,000 | 1,263,126 | ||||||
Georgia State Road & Tollway Authority, Series A, RB, 5.000%, 03/01/21, ST GTD | 1,175,000 | 1,414,289 | ||||||
Greene County Development Authority, RB, 5.000%, 11/15/37 | 1,955,000 | 2,157,851 | ||||||
Gwinnett County School District, GO, 5.000%, 02/01/18 | 1,800,000 | 2,051,640 | ||||||
Gwinnett County School District, GO, 5.000%, 02/01/20 | 1,235,000 | 1,469,255 | ||||||
Gwinnett County Water & Sewerage Authority, RB, 5.000%, 08/01/22, Country Gauranteed | 1,500,000 | 1,802,610 | ||||||
Gwinnett County Water & Sewerage Authority, RB, 5.000%, 08/01/25, Country Gauranteed | 3,000,000 | 3,565,290 | ||||||
Henry County Water & Sewerage Authority, RB, 6.150%, 02/01/20, AMBAC | 2,100,000 | 2,550,072 | ||||||
Lincoln County School District, GO, 5.500%, 04/01/37, State Aid Withholding | 1,000,000 | 1,157,460 | ||||||
Municipal Electric Authority of Georgia, RB, 5.000%, 01/01/30 | 1,000,000 | 1,147,570 | ||||||
Municipal Electric Authority of Georgia, Series A, RB, 5.000%, 01/01/21 | 3,845,000 | 4,549,481 |
Shares or Principal Amount($) | Value($) | |||||||
Georgia—continued | ||||||||
Private Colleges & Universities Authority, Emory University, Series A, RB, 5.000%, 10/01/43 | 5,250,000 | 5,957,752 | ||||||
Private Colleges & Universities Authority, Emory University, Series C, RB, 5.250%, 09/01/39 | 2,000,000 | 2,284,240 | ||||||
Private Colleges & Universities Authority, Savannah College Of Art & Design, RB, 5.000%, 04/01/44 | 2,500,000 | 2,696,025 | ||||||
Richmond County Board of Education, GO, 5.000%, 10/01/15, State Aid Withholding | 1,500,000 | 1,572,555 | ||||||
Thomasville Hospital Authority, John D. Archhold Memorial Hospital, RB, 5.375%, 11/01/40 | 2,510,000 | 2,715,845 | ||||||
|
| |||||||
109,809,160 | ||||||||
|
| |||||||
Illinois 0.7% | ||||||||
Chicago, Series A, GO, 5.250%, 01/01/33 | 860,000 | 898,382 | ||||||
|
| |||||||
New York 3.3% | ||||||||
New York City Water & Sewer System, Series EE, RB, 5.000%, 06/15/47 | 3,750,000 | 4,142,250 | ||||||
|
| |||||||
North Carolina 0.8% | ||||||||
North Carolina State Capital Facilities Finance Agency, Educational Facilities, RB, 5.000%, 05/01/32 | 970,000 | 1,027,948 | ||||||
|
| |||||||
South Carolina 1.9% | ||||||||
South Carolina State Public Service Authority, Series A, RB, 5.750%, 12/01/43 | 2,000,000 | 2,350,260 | ||||||
|
| |||||||
Total Municipal Bonds |
| 123,362,302 | ||||||
|
| |||||||
Money Market Fund 4.4% | ||||||||
Federated Tax-Free Obligations Fund, Institutional Shares, 0.01%(b) | 5,594,509 | 5,594,509 | ||||||
|
| |||||||
Total Money Market Fund |
| 5,594,509 | ||||||
|
|
See Notes to Financial Statements.
16
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Georgia Tax-Exempt Bond Fund — concluded
Value($) | ||||||
Total Investments | 128,956,811 | |||||
Liabilities in Excess of Other Assets — (1.2)% | (1,468,069 | ) | ||||
|
| |||||
Net Assets — 100.0% | $ | 127,488,742 | ||||
|
|
(a) | Step bond. The rate shown is the rate in effect as of September 30, 2014. |
(b) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
Investment Abbreviations
AGM | — | Security guaranteed by Assured Guaranty Municipal Corporation | ||
AMBAC | — | Security guaranteed by American Municipal Bond Assurance Corporation | ||
AMT | — | Income subject to Alternative Minimum Tax | ||
GO | — | General Obligation | ||
NATL-RE | — | Reinsurance provided by National Public Finance Guarantee Corporation | ||
RB | — | Revenue Bond | ||
ST GTD | — | State Guaranteed | ||
XLCA | — | Security guaranteed by XL Capital Assurance, Inc. |
See Notes to Financial Statements.
17
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
High Grade Municipal Bond Fund
Shares or Principal Amount($) | Value($) | |||||||
Municipal Bonds 95.6% | ||||||||
Alabama 4.9% | ||||||||
Birmingham, Series A, GO, 0.000%, 03/01/37(a) | 2,000,000 | 1,946,880 | ||||||
Birmingham Special Care Facilities Financing Authority Health Care Facilities, Children’s Hospital of Alabama, RB, 6.000%, 06/01/39, AGC | 2,000,000 | 2,336,020 | ||||||
|
| |||||||
4,282,900 | ||||||||
|
| |||||||
Alaska 2.7% | ||||||||
Matanuska-Susitna Borough Lease, Goose Creek Correctional Center, RB, 6.000%, 09/01/28, AGC(b) | 2,000,000 | 2,409,060 | ||||||
|
| |||||||
California 11.1% | ||||||||
California State, GO, 5.000%, 05/01/31 | 1,500,000 | 1,745,565 | ||||||
California State, GO, | 2,000,000 | 2,443,600 | ||||||
Port of Los Angeles, Series A, AMT, RB, 5.000%, 08/01/44 | 3,000,000 | 3,347,790 | ||||||
San Francisco City & County Airports Commission-San Francisco International Airport, Series A, AMT, RB, 5.000%, 05/01/40 | 2,000,000 | 2,211,560 | ||||||
|
| |||||||
9,748,515 | ||||||||
|
| |||||||
District of Columbia 7.3% | ||||||||
District of Columbia, Income Tax, Series A, RB, 5.500%, 12/01/30 | 2,000,000 | 2,358,960 | ||||||
Metropolitan Washington D.C. Airports Authority, Airport System, Series A, AMT, RB, 5.000%, 10/01/27 | 3,500,000 | 4,074,735 | ||||||
|
| |||||||
6,433,695 | ||||||||
|
| |||||||
Florida 4.8% | ||||||||
Lake County School Board, Series A, COP, 5.000%, 06/01/29, AGM | 1,000,000 | 1,145,060 | ||||||
Orlando FL Contract Tourist DE, Series A, RB, 5.250%, 11/01/32 | 1,000,000 | 1,178,910 | ||||||
Polk County Public Facilities, RB, 5.000%, 12/01/28 | 1,595,000 | 1,874,269 | ||||||
|
| |||||||
4,198,239 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Georgia 4.2% | ||||||||
Fulton County Development Authority, Georgia Tech Athletic Association, RB, 5.750%, 10/01/36 | 1,250,000 | 1,468,725 | ||||||
Private Colleges & Universities Authority, RB, 5.000%, 04/01/31(b) | 1,000,000 | 1,099,150 | ||||||
Private Colleges & Universities Authority, RB, 5.000%, 04/01/33(b) | 1,000,000 | 1,092,460 | ||||||
|
| |||||||
3,660,335 | ||||||||
|
| |||||||
Guam 1.3% | ||||||||
Guam Power Authority, Series A, RB, 5.000%, 10/01/31 | 1,000,000 | 1,107,860 | ||||||
|
| |||||||
Idaho 3.2% | ||||||||
Idaho Health Facilities Authority, Series A, RB, 6.750%, 11/01/37(b) | 2,500,000 | 2,844,500 | ||||||
|
| |||||||
Illinois 3.9% | ||||||||
Chicago IL Wastewater Transmission Revenue, RB, 5.000%, 01/01/39 | 1,000,000 | 1,101,840 | ||||||
Chicago IL Waterworks Revenue, RB, 5.000%, 11/01/33 | 1,000,000 | 1,122,000 | ||||||
University of Illinois, Auxiliary Facilities System, Series A, RB, 5.750%, 04/01/38 | 1,000,000 | 1,150,830 | ||||||
|
| |||||||
3,374,670 | ||||||||
|
| |||||||
Kansas 1.9% | ||||||||
Kansas State Development Finance Authority, Adventist Bolingbrook Hospital, RB, 5.750%, 11/15/38(b) | 1,500,000 | 1,699,125 | ||||||
|
| |||||||
Louisiana 1.0% | ||||||||
Louisiana State University & Agricultural & Mechanical College, RB, 5.000%, 07/01/30(b)(c) | 750,000 | 877,372 | ||||||
|
| |||||||
Maine 3.4% | ||||||||
Maine State Turnpike Authority, RB, 6.000%, 07/01/38(b) | 2,500,000 | 2,970,550 | ||||||
|
| |||||||
Maryland 1.2% | ||||||||
Baltimore County, GO, 5.000%, 08/01/15 | 1,000,000 | 1,040,650 | ||||||
|
|
See Notes to Financial Statements.
18
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
High Grade Municipal Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Massachusetts 2.0% | ||||||||
Commonwealth of Massachusetts, Series A, GO, 5.000%, 04/01/25 | 1,500,000 | 1,777,185 | ||||||
|
| |||||||
Minnesota 2.0% | ||||||||
Western Minnesota Municipal Power Agency, Series A, RB, 5.000%, 01/01/40 | 1,500,000 | 1,715,985 | ||||||
|
| |||||||
New Jersey 2.6% | ||||||||
New Jersey State Transportation Trust Fund Authority, Transportation System, Series A, RB, 6.000%, 12/15/38 | 1,955,000 | 2,286,666 | ||||||
|
| |||||||
New York 13.1% | ||||||||
Erie County Industrial Development Agency, City School District Buffalo, Series A, RB, 5.750%, 05/01/29, BHAC | 1,000,000 | 1,144,950 | ||||||
New York City Transitional Finance Authority Future Tax Secured Revenue, RB, 5.000%, 11/01/38 | 2,000,000 | 2,268,340 | ||||||
Port Authority of New York & New Jersey, RB, 5.000%, 09/01/36 | 2,250,000 | 2,604,285 | ||||||
Port Authority of New York & New Jersey, RB, 5.000%, 09/01/39 | 2,500,000 | 2,872,950 | ||||||
Sales Tax Asset Receivable Corp., Series A, RB, 5.000%, 10/15/31(b)(c) | 2,150,000 | 2,578,194 | ||||||
|
| |||||||
11,468,719 | ||||||||
|
| |||||||
North Carolina 1.0% | ||||||||
University of North Carolina at Greensboro, RB, 5.000%, 04/01/39 | 750,000 | 850,658 | ||||||
|
| |||||||
Oregon 2.8% | ||||||||
Washington & Multnomah Counties School District No 48J Beaverton, GO, 5.000%, 06/15/27 | 2,000,000 | 2,426,120 | ||||||
|
| |||||||
Texas 16.1% | ||||||||
Arlington Higher Education Finance Corp., Series A, RB, 5.000%, 08/15/39, PSF-GTD | 1,000,000 | 1,136,820 |
Shares or Principal Amount($) | Value($) | |||||||
Texas—continued | ||||||||
Dallas Independent School District, GO, 6.375%, 02/15/34, Pre-refunded 02/15/2018 @ 100, PSF-GTD(b) | 4,000,000 | 4,742,160 | ||||||
Montgomery County, Series A, GO, 5.000%, 03/01/27 | 3,000,000 | 3,604,140 | ||||||
Texas State, Series A, GO, 5.000%, 10/01/28 | 1,000,000 | 1,214,370 | ||||||
United Independent School District, GO, 5.000%, 08/15/44, PSF-GTD | 3,000,000 | 3,440,340 | ||||||
|
| |||||||
14,137,830 | ||||||||
|
| |||||||
Washington 5.1% | ||||||||
Energy Northwest, Series C, RB, 5.000%, 07/01/27 | 2,100,000 | 2,530,647 | ||||||
Seattle Washington Municipal Light & Power, RB, 5.750%, 04/01/29, | 1,635,000 | 1,915,484 | ||||||
|
| |||||||
4,446,131 | ||||||||
|
| |||||||
Total Municipal Bonds | 83,756,765 | |||||||
|
| |||||||
Money Market Fund 9.6% | ||||||||
Federated Tax-Free Obligations Fund, Institutional Shares, 0.01%(d) | 8,383,195 | 8,383,195 | ||||||
|
| |||||||
Total Money Market Fund | 8,383,195 | |||||||
|
| |||||||
Total Investments | 92,139,960 | |||||||
Liabilities in Excess of Other Assets — (5.2)% | (4,535,083 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 87,604,877 | ||||||
|
|
(a) | Step bond. The rate shown is the rate in effect as of September 30, 2014. |
(b) | All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments. |
(c) | All or a portion of this security has been purchased on a when-issued or delayed-delivery basis. |
(d) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
See Notes to Financial Statements.
19
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
High Grade Municipal Bond Fund — concluded
Investment Abbreviations
AGC | — | Security guaranteed by Assured Guaranty Corporation | ||
AGM | — | Security guaranteed by Assured Guaranty Municipal Corporation | ||
AMT | — | Income subject to Alternative Minimum Tax | ||
BHAC | — | Security guaranteed by Berkshire Hathaway Assurance Corporation | ||
COP | — | Certificate of Participation | ||
GO | — | General Obligation | ||
PSF-GTD | — | Security guaranteed by Permanent School Fund Guarantee Program | ||
RB | — | Revenue Bond |
See Notes to Financial Statements.
20
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
High Income Fund
Shares or Principal Amount($) | Value($) | |||||||
Bank Loans 5.4% | ||||||||
Aerospace/Defense 0.1% | ||||||||
DAE Aviation Holdings, Inc., 2nd Lien Term Loan, 7.750%, 08/05/19(a)(b) | 770,000 | 774,812 | ||||||
|
| |||||||
Chemicals 0.3% | ||||||||
Ineos US Finance LLC, 6 Year Term Loan, 3.750%, 05/04/18(a)(b) | 2,889,721 | 2,827,505 | ||||||
|
| |||||||
Energy 0.5% | ||||||||
Templar Energy LLC, 2nd Lien Term Loan, 8.500%, 11/25/20(a)(b) | 4,880,000 | 4,727,500 | ||||||
|
| |||||||
Health Care 0.3% | ||||||||
Community Health Systems, Inc., Term Loan D, 4.250%, 01/27/21(a)(b) | 76,437 | 76,164 | ||||||
inVentiv Health, Inc., Term Loan B4, 7.750%, 05/15/18(a)(b) | 2,250,000 | 2,223,292 | ||||||
|
| |||||||
2,299,456 | ||||||||
|
| |||||||
Healthcare-Services 0.1% | ||||||||
MPH Acquisition Holdings LLC, Term Loan, | 717,909 | 700,414 | ||||||
|
| |||||||
Insurance 0.4% | ||||||||
Asurion LLC, New Term Loan B1, | 2,338,590 | 2,324,863 | ||||||
Asurion LLC, New 2nd Lien Term Loan, 8.500%, 03/03/21(a)(b) | 770,000 | 776,976 | ||||||
|
| |||||||
3,101,839 | ||||||||
|
| |||||||
Lodging 0.3% | ||||||||
Caesars Entertainment Operating Company, Extended Term Loan B6, 6.948%- | 3,138,319 | 2,858,381 | ||||||
|
| |||||||
Media 0.5% | ||||||||
Clear Channel Communications, Inc., Term Loan D, 6.904%, 01/30/19(a)(b) | 4,620,000 | 4,408,820 | ||||||
|
| |||||||
Packaging & Containers 0.3% | ||||||||
Berry Plastics Holding Corporation, Term Loan D, 3.500%, 02/08/20(a)(b) | 2,797,400 | 2,722,038 | ||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Retail 1.3% | ||||||||
J.C. Penney Corporation, Inc., 1st Lien Term Loan, 6.000%, 05/22/18(a)(b) | 2,365,063 | 2,357,376 | ||||||
Lands’ End, Inc., Term Loan B, 4.250%, 04/02/21(a)(b) | 2,803,356 | 2,764,810 | ||||||
Sears Holding Corporation, Term Loan, 5.500%, 06/30/18(a)(b)(c) | 3,984,113 | 3,869,569 | ||||||
Toys ‘R’ Us-Delaware, Inc., New Term Loan, | 1,750,562 | 1,708,741 | ||||||
|
| |||||||
10,700,496 | ||||||||
|
| |||||||
Telecommunication Services 1.0% |
| |||||||
Level 3 Financing, Inc., Bridge Term Loan, 06/15/15(a)(c)(d) | 4,680,000 | 4,668,300 | ||||||
Level 3 Financing, Inc., New 2019 Term Loan, 4.000%, 08/01/19(a)(b) | 965,000 | 946,906 | ||||||
Virgin Media Bristol LLC, USD Term Loan B, 3.500%, 06/07/20(a)(b) | 2,585,000 | 2,514,507 | ||||||
|
| |||||||
8,129,713 | ||||||||
|
| |||||||
Telecommunications 0.3% | ||||||||
Numericable U.S. LLC, USD Term Loan B1, 4.500%, 05/21/20(a)(b) | 1,511,954 | 1,500,070 | ||||||
Numericable U.S. LLC, USD Term Loan B2, 4.500%, 05/21/20(a)(b) | 1,308,046 | 1,297,765 | ||||||
|
| |||||||
2,797,835 | ||||||||
|
| |||||||
Total Bank Loans |
| 46,048,809 | ||||||
|
| |||||||
Corporate Bonds 85.8% | ||||||||
Advertising 0.7% | ||||||||
Affinion Group, Inc., 7.875%, 12/15/18(e) | 2,825,000 | 2,429,500 | ||||||
CBS Outdoor Americas Capital LLC/CBS Outdoor Americas Capital Corp., | 3,299,000 | 3,294,876 | ||||||
|
| |||||||
5,724,376 | ||||||||
|
| |||||||
Aerospace/Defense 2.2% | ||||||||
Bombardier, Inc., | 7,655,000 | 7,616,725 | ||||||
TransDigm, Inc., | 4,070,000 | 4,019,125 |
See Notes to Financial Statements.
21
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Aerospace/Defense—continued |
| |||||||
TransDigm, Inc., | 4,070,000 | 4,054,737 | ||||||
Triumph Group, Inc., 5.250%, 06/01/22 | 2,930,000 | 2,886,050 | ||||||
|
| |||||||
18,576,637 | ||||||||
|
| |||||||
Airlines 2.0% | ||||||||
Air Canada, 6.750%, 10/01/19(a) | 1,360,000 | 1,445,000 | ||||||
Air Canada, 7.750%, 04/15/21(a)(e) | 2,125,000 | 2,167,500 | ||||||
Air Canada, 8.750%, 04/01/20(a) | 5,950,000 | 6,530,125 | ||||||
American Airlines Pass Through Trust, Series 2013-2, Cl B, 5.600%, 01/15/22(a) | 3,968,953 | 4,088,022 | ||||||
United Airlines Pass Through Trust, Series 2014-1, Cl B, 4.750%, 10/11/23 | 2,494,000 | 2,523,928 | ||||||
|
| |||||||
16,754,575 | ||||||||
|
| |||||||
Auto Manufacturers 0.0%(a)(f) |
| |||||||
General Motors Co. Escrow, 7.200%(e)(g)(h)(i)(j) | 17,182,000 | — | ||||||
General Motors Co. Escrow, 8.375%(e)(g)(h)(i)(j) | 36,800,000 | — | ||||||
|
| |||||||
— | ||||||||
|
| |||||||
Banks 2.1% | ||||||||
Ally Financial, Inc., 5.125%, 09/30/24 | 3,615,000 | 3,542,700 | ||||||
Ally Financial, Inc., 7.500%, 09/15/20 | 3,010,000 | 3,469,025 | ||||||
Ally Financial, Inc., 8.000%, 03/15/20 | 770,000 | 897,050 | ||||||
CIT Group, Inc., 5.375%, 05/15/20 | 1,295,000 | 1,337,088 | ||||||
JPMorgan Chase & Co., Series S, 6.750%(b)(j) | 3,325,000 | 3,492,912 | ||||||
Provident Funding Associates LP/PFG Finance Corp., 6.750%, 06/15/21(a) | 3,000,000 | 2,970,000 | ||||||
Provident Funding Associates LP/PFG Finance Corp., 10.125%, 02/15/19(a)(e) | 1,645,000 | 1,760,150 | ||||||
|
| |||||||
17,468,925 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Building Materials 1.4% | ||||||||
Cemex Finance LLC, 9.375%, 10/12/22(a) | 1,570,000 | 1,770,175 | ||||||
Cemex SAB de CV, 5.700%, 01/11/25(a) | 4,150,000 | 3,998,525 | ||||||
Cemex SAB de CV, 7.250%, 01/15/21(a) | 2,900,000 | 3,066,750 | ||||||
US Concrete, Inc., 8.500%, 12/01/18 | 1,330,000 | 1,423,100 | ||||||
USG Corp., 5.875%, 11/01/21(a) | 1,730,000 | 1,764,600 | ||||||
|
| |||||||
12,023,150 | ||||||||
|
| |||||||
Chemicals 0.2% | ||||||||
Nufarm Australia Ltd., 6.375%, 10/15/19 | 1,685,000 | 1,720,806 | ||||||
|
| |||||||
Coal 1.1% | ||||||||
CONSOL Energy, Inc., 5.875%, 04/15/22(a) | 4,300,000 | 4,235,500 | ||||||
Natural Resource Partners LP/NRP Finance Corp., 9.125%, 10/01/18 | 1,862,000 | 1,913,205 | ||||||
Peabody Energy Corp., 6.250%, 11/15/21(e) | 3,005,000 | 2,794,650 | ||||||
|
| |||||||
8,943,355 | ||||||||
|
| |||||||
Commercial Services 5.1% | ||||||||
Alliance Data Systems Corp., 5.375%, 08/01/22(a) | 2,390,000 | 2,318,300 | ||||||
Cenveo Corp., 6.000%, 08/01/19(a) | 4,900,000 | 4,593,750 | ||||||
Cenveo Corp., 11.500%, 05/15/17(e) | 3,310,000 | 3,334,825 | ||||||
Ceridian LLC/Comdata, Inc., 8.125%, 11/15/17(a) | 1,982,000 | 1,984,478 | ||||||
Harland Clarke Holdings Corp., 6.875%, 03/01/20(a) | 1,680,000 | 1,713,600 | ||||||
Harland Clarke Holdings Corp., 9.250%, 03/01/21(a) | 5,465,000 | 5,533,312 | ||||||
Harland Clarke Holdings Corp., 9.750%, 08/01/18(a)(e) | 8,917,000 | 9,518,897 | ||||||
Prospect Medical Holdings, Inc., 8.375%, 05/01/19(a)(e) | 4,577,000 | 4,914,554 | ||||||
Quad/Graphics, Inc., 7.000%, 05/01/22(a) | 5,195,000 | 5,019,669 | ||||||
TMS International Corp., 7.625%, 10/15/21(a) | 4,350,000 | 4,545,750 | ||||||
|
| |||||||
43,477,135 | ||||||||
|
|
See Notes to Financial Statements.
22
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Computers 0.4% | ||||||||
j2 Global, Inc., 8.000%, 08/01/20 | 3,020,000 | 3,261,600 | ||||||
|
| |||||||
Diversified Financial Services 5.1% |
| |||||||
CNG Holdings, Inc., 9.375%, 05/15/20(a) | 2,740,000 | 2,150,900 | ||||||
Community Choice Financial, Inc., 10.750%, 05/01/19 | 2,585,000 | 1,951,675 | ||||||
DFC Finance Corp., 10.500%, 06/15/20(a) | 3,550,000 | 3,443,500 | ||||||
Enova International, Inc., 9.750%, 06/01/21(a) | 2,725,000 | 2,725,000 | ||||||
Icahn Enterprises LP/Icahn Enterprises Finance Corp., 4.875%, 03/15/19 | 4,865,000 | 4,792,025 | ||||||
Icahn Enterprises LP/Icahn Enterprises Finance Corp., 6.000%, 08/01/20 | 4,700,000 | 4,829,250 | ||||||
Infinity Acquisition LLC/Infinity Acquisition Finance Corp., 7.250%, 08/01/22(a) | 560,000 | 540,400 | ||||||
International Lease Finance Corp., 6.250%, 05/15/19 | 2,285,000 | 2,448,377 | ||||||
International Lease Finance Corp., 8.250%, 12/15/20(e) | 1,405,000 | 1,659,656 | ||||||
Jefferies Finance LLC/JFIN Co-Issuer Corp., 7.375%, 04/01/20(a) | 2,610,000 | 2,668,725 | ||||||
Nationstar Mortgage LLC/Nationstar Capital Corp., 6.500%, 07/01/21 | 2,345,000 | 2,233,613 | ||||||
Nationstar Mortgage LLC/Nationstar Capital Corp., 6.500%, 06/01/22 | 2,340,000 | 2,217,150 | ||||||
Navient Corp., 4.875%, 06/17/19, MTN | 2,600,000 | 2,600,000 | ||||||
Navient Corp., 5.500%, 01/15/19, MTN | 1,190,000 | 1,213,800 | ||||||
Navient LLC, 6.125%, 03/25/24, MTN | 5,740,000 | 5,596,500 | ||||||
Walter Investment Management Corp., 7.875%, 12/15/21(a)(e) | 2,525,000 | 2,487,125 | ||||||
|
| |||||||
43,557,696 | ||||||||
|
| |||||||
Electric 2.0% | ||||||||
Dynegy, Inc., 5.875%, 06/01/23(e) | 5,352,000 | 4,990,740 | ||||||
GenOn Energy, Inc., 9.500%, 10/15/18 | 5,655,000 | 5,881,200 |
Shares or Principal Amount($) | Value($) | |||||||
Electric—continued |
| |||||||
GenOn Energy, Inc., 9.875%, 10/15/20 | 2,070,000 | 2,152,800 | ||||||
NRG Energy, Inc., | 4,190,000 | 4,200,475 | ||||||
|
| |||||||
17,225,215 | ||||||||
|
| |||||||
Electrical Components & Equipment 0.4% |
| |||||||
GrafTech International Ltd., 6.375%, 11/15/20 | 620,000 | 615,350 | ||||||
Zebra Technologies Corp., 7.250%, 10/15/22(a)(c) | 2,765,000 | 2,799,563 | ||||||
|
| |||||||
3,414,913 | ||||||||
|
| |||||||
Energy-Alternate Sources 0.2% |
| |||||||
First Wind Capital LLC, 10.250%, 06/01/18(a) | 1,600,000 | 1,696,000 | ||||||
|
| |||||||
Engineering & Construction 0.6% |
| |||||||
Aguila 3 SA, 7.875%, 01/31/18(a) | 5,000,000 | 5,125,000 | ||||||
|
| |||||||
Entertainment 1.5% | ||||||||
Gibson Brands, Inc., 8.875%, 08/01/18(a) | 2,647,000 | 2,587,442 | ||||||
GLP Capital LP/GLP Financing II, Inc., 4.875%, 11/01/20 | 4,200,000 | 4,282,698 | ||||||
Greektown Holdings LLC/Greektown Mothership Corp., 8.875%, 03/15/19(a)(e) | 2,205,000 | 2,193,975 | ||||||
Mohegan Tribal Gaming Authority, 9.750%, 09/01/21(e) | 960,000 | 970,800 | ||||||
WMG Acquisition Corp., 5.625%, 04/15/22(a) | 2,378,000 | 2,378,000 | ||||||
|
| |||||||
12,412,915 | ||||||||
|
| |||||||
Environmental Control 1.1% |
| |||||||
Nuverra Environmental Solutions, Inc., 9.875%, 04/15/18(e) | 7,195,000 | 7,217,484 | ||||||
Tervita Corp., | 2,545,000 | 2,545,000 | ||||||
|
| |||||||
9,762,484 | ||||||||
|
| |||||||
Food 2.5% | ||||||||
HJ Heinz Co., 4.250%, 10/15/20 | 8,585,000 | 8,531,344 | ||||||
Post Holdings, Inc., 6.000%, 12/15/22(a)(e) | 1,570,000 | 1,436,550 | ||||||
Post Holdings, Inc., 6.750%, 12/01/21(a) | 6,105,000 | 5,784,487 |
See Notes to Financial Statements.
23
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Food—continued |
| |||||||
Post Holdings, Inc., 7.375%, 02/15/22 | 5,125,000 | 5,073,750 | ||||||
|
| |||||||
20,826,131 | ||||||||
|
| |||||||
Forest Products & Paper 0.5% |
| |||||||
Resolute Forest Products, Inc., 5.875%, 05/15/23(e) | 4,699,000 | 4,343,638 | ||||||
|
| |||||||
Gas 0.1% | ||||||||
NGL Energy Partners LP/NGL Energy Finance Corp., 5.125%, 07/15/19(a) | 1,302,000 | 1,275,960 | ||||||
|
| |||||||
Healthcare-Products 1.1% | ||||||||
Kinetic Concepts, Inc./KCI USA, Inc., 10.500%, 11/01/18 | 1,355,000 | 1,473,563 | ||||||
Physio-Control International, Inc., 9.875%, 01/15/19(a) | 5,000,000 | 5,350,000 | ||||||
Teleflex, Inc., 5.250%, 06/15/24(a) | 2,248,000 | 2,203,040 | ||||||
|
| |||||||
9,026,603 | ||||||||
|
| |||||||
Healthcare-Services 1.3% | ||||||||
HCA Holdings, Inc., 6.250%, 02/15/21 | 1,695,000 | 1,771,275 | ||||||
MedImpact Holdings, Inc., 10.500%, 02/01/18(a) | 4,240,000 | 4,536,270 | ||||||
MPH Acquisition Holdings LLC, 6.625%, 04/01/22(a) | 3,630,000 | 3,666,300 | ||||||
WellCare Health Plans, Inc., 5.750%, 11/15/20 | 1,280,000 | 1,302,400 | ||||||
|
| |||||||
11,276,245 | ||||||||
|
| |||||||
Holding Companies-Diversified 0.4% |
| |||||||
Nielsen Co. Luxembourg SARL (The), 5.500%, 10/01/21(a) | 3,335,000 | 3,351,675 | ||||||
|
| |||||||
Household Products/Wares 0.1% |
| |||||||
Century Intermediate Holding Co. 2, PIK, 9.750%, 02/15/19(a) | 863,000 | 908,308 | ||||||
|
| |||||||
Insurance 1.7% | ||||||||
Assured Guaranty Municipal Holdings, Inc., 6.400%, 12/15/66(a)(b) | 2,710,000 | 2,411,900 | ||||||
Assured Guaranty US Holdings, Inc., 5.000%, 07/01/24(e) | 3,755,000 | 3,794,266 |
Shares or Principal Amount($) | Value($) | |||||||
Insurance—continued |
| |||||||
Assured Guaranty US Holdings, Inc., Series A, 6.400%, 12/15/66(b) | 1,825,000 | 1,697,250 | ||||||
Genworth Financial, Inc., 6.150%, 11/15/66(b) | 1,125,000 | 990,000 | ||||||
Hub Holdings LLC/Hub Holdings Finance, Inc., PIK, 8.125%, 07/15/19(a) | 2,600,000 | 2,541,500 | ||||||
MBIA, Inc., 5.700%, 12/01/34 | 28,000 | 26,460 | ||||||
MBIA, Inc., 6.625%, 10/01/28(e) | 2,500,000 | 2,550,000 | ||||||
|
| |||||||
14,011,376 | ||||||||
|
| |||||||
Internet 0.7% | ||||||||
Mood Media Corp., 9.250%, 10/15/20(a) | 2,010,000 | 1,648,200 | ||||||
Pacnet Ltd., 9.000%, 12/12/18(a) | 800,000 | 845,000 | ||||||
Zayo Group LLC/Zayo Capital Inc., 8.125%, 01/01/20 | 3,000,000 | 3,217,500 | ||||||
|
| |||||||
5,710,700 | ||||||||
|
| |||||||
Leisure Time 0.4% | ||||||||
Viking Cruises Ltd., 8.500%, 10/15/22(a) | 2,860,000 | 3,110,250 | ||||||
|
| |||||||
Lodging 1.4% | ||||||||
Caesars Entertainment Resort Properties LLC, | 3,150,000 | 3,102,750 | ||||||
Downstream Development Authority of the Quapaw Tribe of Oklahoma, 10.500%, 07/01/19(a) | 4,005,000 | 4,225,275 | ||||||
Golden Nugget Escrow, Inc., 8.500%, 12/01/21(a)(e) | 2,490,000 | 2,514,900 | ||||||
Wynn Macau Ltd., | 2,000,000 | 1,930,000 | ||||||
|
| |||||||
11,772,925 | ||||||||
|
| |||||||
Media 7.1% | ||||||||
Block Communications, Inc., 7.250%, 02/01/20(a) | 2,690,000 | 2,790,875 | ||||||
CCO Holdings LLC/Cap Corp., 5.125%, 02/15/23 | 2,870,000 | 2,755,200 | ||||||
CCO Holdings LLC/Cap Corp., 5.250%, 09/30/22(k) | 5,920,000 | 5,794,200 | ||||||
CCO Holdings LLC/Cap Corp., 5.750%, 09/01/23 | 2,465,000 | 2,452,675 |
See Notes to Financial Statements.
24
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Media—continued |
| |||||||
DISH DBS Corp., 5.000%, 03/15/23 | 4,575,000 | 4,389,141 | ||||||
DISH DBS Corp., 5.125%, 05/01/20 | 1,910,000 | 1,905,225 | ||||||
DISH DBS Corp., | 5,810,000 | 5,926,200 | ||||||
iHeartCommunications, Inc., 9.000%, 03/01/21 | 2,145,000 | 2,134,275 | ||||||
iHeartCommunications, Inc., PIK, 14.000%, 02/01/21(l) | 5,069,750 | 4,621,922 | ||||||
Lee Enterprises, Inc., 9.500%, 03/15/22(a) | 1,375,000 | 1,392,187 | ||||||
McGraw-Hill Global Education Holdings LLC/McGraw-Hill Global Education Finance, 9.750%, 04/01/21 | 825,000 | 911,625 | ||||||
MHGE Parent LLC/MHGE Parent Finance, Inc., | 3,085,000 | 2,915,325 | ||||||
Nielsen Finance LLC/Neilsen Finance Co., 5.000%, 04/15/22(a) | 1,285,000 | 1,256,088 | ||||||
Numericable Group SA, 6.000%, 05/15/22(a) | 4,900,000 | 4,936,750 | ||||||
Numericable Group SA, 6.250%, 05/15/24(a) | 2,450,000 | 2,443,875 | ||||||
Sinclair Television Group, Inc., 5.625%, 08/01/24(a) | 2,615,000 | 2,516,937 | ||||||
Sirius XM Radio, Inc., 6.000%, 07/15/24(a) | 2,530,000 | 2,567,950 | ||||||
Townsquare Radio LLC/Townsquare Radio, Inc., 9.000%, 04/01/19(a) | 1,870,000 | 2,014,925 | ||||||
Univision Communications, Inc., 6.750%, 09/15/22(a) | 2,784,000 | 2,978,880 | ||||||
VTR Finance BV, | 3,000,000 | 3,105,000 | ||||||
|
| |||||||
59,809,255 | ||||||||
|
| |||||||
Mining 2.7% | ||||||||
First Quantum Minerals Ltd., 6.750%, 02/15/20(a) | 3,001,000 | 3,031,010 | ||||||
First Quantum Minerals Ltd., 7.000%, 02/15/21(a) | 4,871,000 | 4,937,976 | ||||||
FMG Resources August 2006 Pty Ltd., 6.875%, 04/01/22(a)(e) | 1,895,000 | 1,928,163 | ||||||
FMG Resources August 2006 Pty Ltd., 8.250%, 11/01/19(a)(e) | 6,115,000 | 6,321,381 |
Shares or Principal Amount($) | Value($) | |||||||
Mining—continued |
| |||||||
Imperial Metals Corp., 7.000%, 03/15/19(a)(e) | 5,860,000 | 5,508,400 | ||||||
Vulcan Materials Co., 7.500%, 06/15/21(e) | 940,000 | 1,099,800 | ||||||
|
| |||||||
22,826,730 | ||||||||
|
| |||||||
Miscellaneous Manufacturer 0.6% |
| |||||||
Bombardier, Inc., | 4,830,000 | 4,836,038 | ||||||
|
| |||||||
Oil & Gas 12.6% | ||||||||
Antero Resources Corp., 5.125%, 12/01/22(a) | 3,560,000 | 3,462,100 | ||||||
Atlas Energy Holdings Operating Co. LLC/Atlas Resource Finance Corp., 7.750%, 01/15/21 | 2,525,000 | 2,487,125 | ||||||
Atlas Energy Holdings Operating Co. LLC/Atlas Resource Finance Corp., 9.250%, 08/15/21 | 4,513,000 | 4,603,260 | ||||||
California Resources Corp., 5.000%, 01/15/20(a)(c) | 1,210,000 | 1,228,150 | ||||||
California Resources Corp., 5.500%, 09/15/21(a)(c) | 1,210,000 | 1,228,150 | ||||||
California Resources Corp., 6.000%, 11/15/24(a)(c) | 1,210,000 | 1,243,275 | ||||||
Chesapeake Energy Corp., 6.875%, 11/15/20 | 2,040,000 | 2,274,600 | ||||||
CITGO Petroleum Corp., 6.250%, 08/15/22(a) | 2,655,000 | 2,761,200 | ||||||
EnQuest PLC, 7.000%, 04/15/22(a) | 3,100,000 | 2,923,687 | ||||||
EXCO Resources, Inc., 7.500%, 09/15/18 | 2,305,000 | 2,201,275 | ||||||
Halcon Resources Corp., 8.875%, 05/15/21 | 9,515,000 | 9,372,275 | ||||||
Halcon Resources Corp., 9.750%, 07/15/20 | 5,012,000 | 5,099,710 | ||||||
Hercules Offshore, Inc., 7.500%, 10/01/21(a)(e) | 2,565,000 | 2,064,825 | ||||||
Hilcorp Energy I LP/Hilcorp Finance Co., 5.000%, 12/01/24(a) | 4,510,000 | 4,340,875 | ||||||
KCA Deutag UK Finance PLC, 7.250%, 05/15/21(a) | 2,820,000 | 2,679,000 | ||||||
Linn Energy LLC/Linn Energy Finance Corp., 6.500%, 05/15/19 | 4,075,000 | 3,993,500 | ||||||
Linn Energy LLC/Linn Energy Finance Corp., 6.500%, 09/15/21 | 1,185,000 | 1,155,375 |
See Notes to Financial Statements.
25
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Oil & Gas—continued |
| |||||||
Linn Energy LLC/Linn Energy Finance Corp., 8.625%, 04/15/20 | 2,250,000 | 2,325,937 | ||||||
MEG Energy Corp., 6.375%, 01/30/23(a) | 3,880,000 | 3,913,950 | ||||||
Midstates Petroleum Co., Inc./Midstates Petroleum Co. LLC, 10.750%, 10/01/20 | 2,105,000 | 2,183,938 | ||||||
North Atlantic Drilling Ltd., 6.250%, 02/01/19(a) | 6,600,000 | 5,940,000 | ||||||
Oasis Petroleum, Inc., 6.875%, 03/15/22 | 1,615,000 | 1,703,825 | ||||||
Oasis Petroleum, Inc., 6.875%, 01/15/23 | 2,470,000 | 2,599,675 | ||||||
Ocean Rig UDW, Inc., 7.250%, 04/01/19(a)(e) | 4,405,000 | 4,030,575 | ||||||
Offshore Drilling Holding SA, 8.625%, 09/20/20(a) | 3,725,000 | 3,939,187 | ||||||
Petroleos de Venezuela SA, 6.000%, 11/15/26(a) | 4,365,000 | 2,269,800 | ||||||
PetroQuest Energy, Inc., 10.000%, 09/01/17 | 1,935,000 | 2,019,656 | ||||||
Precision Drilling Corp., 5.250%, 11/15/24(a) | 2,285,000 | 2,205,025 | ||||||
Range Resources Corp., 5.000%, 03/15/23 | 3,095,000 | 3,187,850 | ||||||
Rex Energy Corp., 8.875%, 12/01/20 | 2,880,000 | 3,096,000 | ||||||
Sanchez Energy Corp., 6.125%, 01/15/23(a) | 1,275,000 | 1,262,633 | ||||||
SandRidge Energy, Inc., 7.500%, 03/15/21 | 4,255,000 | 4,148,625 | ||||||
Seadrill Ltd., 6.125%, 09/15/17(a) | 3,275,000 | 3,262,719 | ||||||
United Refining Co., 10.500%, 02/28/18(k) | 5,038,000 | 5,365,470 | ||||||
|
| |||||||
106,573,247 | ||||||||
|
| |||||||
Oil & Gas Services 0.5% | ||||||||
Hornbeck Offshore Services, Inc., 5.000%, 03/01/21 | 4,575,000 | 4,346,250 | ||||||
|
| |||||||
Pharmaceuticals 1.5% | ||||||||
Catamaran Corp., 4.750%, 03/15/21 | 4,200,000 | 4,039,875 | ||||||
Grifols Worldwide Operations Ltd., 5.250%, 04/01/22(a) | 4,430,000 | 4,374,625 |
Shares or Principal Amount($) | Value($) | |||||||
Pharmaceuticals—continued |
| |||||||
Valeant Pharmaceuticals International, Inc., 6.750%, 08/15/18(a)(e) | 2,160,000 | 2,278,800 | ||||||
Valeant Pharmaceuticals International, Inc., 7.500%, 07/15/21(a) | 2,165,000 | 2,316,550 | ||||||
|
| |||||||
13,009,850 | ||||||||
|
| |||||||
Pipelines 2.4% | ||||||||
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp., 6.125%, 03/01/22 | 4,520,000 | 4,531,300 | ||||||
Regency Energy Partners LP/Regency Energy Finance Corp., 5.000%, 10/01/22 | 938,000 | 923,930 | ||||||
Regency Energy Partners LP/Regency Energy Finance Corp., 5.875%, 03/01/22 | 2,302,000 | 2,394,080 | ||||||
Sabine Pass Liquefaction LLC, 5.625%, 02/01/21 | 8,705,000 | 8,944,387 | ||||||
Targa Resources Partners LP/Targa Resources Partners Finance Corp., 5.250%, 05/01/23 | 2,050,000 | 2,091,000 | ||||||
Tesoro Logistics LP/Tesoro Logistics Finance Corp., 6.125%, 10/15/21 | 1,475,000 | 1,522,938 | ||||||
|
| |||||||
20,407,635 | ||||||||
|
| |||||||
Real Estate 1.2% | ||||||||
CBRE Services, Inc., 5.000%, 03/15/23 | 4,400,000 | 4,355,560 | ||||||
Howard Hughes Corp., 6.875%, 10/01/21(a) | 6,035,000 | 6,231,138 | ||||||
|
| |||||||
10,586,698 | ||||||||
|
| |||||||
Real Estate Investment Trust 0.7% |
| |||||||
iStar Financial, Inc., 5.000%, 07/01/19 | 4,545,000 | 4,374,562 | ||||||
MPT Operating Partnership LP/MPT Finance Corp., 5.500%, 05/01/24 | 1,495,000 | 1,528,638 | ||||||
|
| |||||||
5,903,200 | ||||||||
|
| |||||||
Retail 4.5% | ||||||||
1011778 BC ULC/New Red Finance, Inc., 6.000%, 04/01/22(a)(c) | 4,325,000 | 4,297,969 |
See Notes to Financial Statements.
26
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Retail—continued |
| |||||||
GameStop Corp., 5.500%, 10/01/19(a)(e) | 2,200,000 | 2,172,500 | ||||||
Guitar Center, Inc., 6.500%, 04/15/19(a)(e) | 1,255,000 | 1,129,500 | ||||||
Guitar Center, Inc., 9.625%, 04/15/20(a)(e) | 5,380,000 | 4,129,150 | ||||||
JC Penney Corp., Inc., 5.650%, 06/01/20(e) | 5,765,000 | 4,842,600 | ||||||
JC Penney Corp., Inc., 6.375%, 10/15/36(e) | 4,592,000 | 3,558,800 | ||||||
Landry’s Holdings II, Inc., 10.250%, 01/01/18(a) | 720,000 | 741,600 | ||||||
Limited Brands, Inc., 6.625%, 04/01/21 | 3,295,000 | 3,624,500 | ||||||
rue21, Inc., 9.000%, 10/15/21(a) | 1,645,000 | 1,209,075 | ||||||
Sears Holdings Corp., 6.625%, 10/15/18(e) | 10,045,000 | 8,990,275 | ||||||
Toys ‘R’ US-Delaware, Inc., 7.375%, 09/01/16(a)(e) | 3,230,000 | 3,205,775 | ||||||
|
| |||||||
37,901,744 | ||||||||
|
| |||||||
Semiconductors 0.9% | ||||||||
Advanced Micro Devices, Inc., 7.000%, 07/01/24(e) | 2,315,000 | 2,210,825 | ||||||
Micron Technology, Inc., 5.875%, 02/15/22(a) | 4,875,000 | 5,045,625 | ||||||
|
| |||||||
7,256,450 | ||||||||
|
| |||||||
Software 0.6% | ||||||||
First Data Corp., 12.625%, 01/15/21 | 4,150,000 | 4,969,625 | ||||||
|
| |||||||
Telecommunication Services 12.5% |
| |||||||
Alcatel-Lucent USA, Inc., 6.750%, 11/15/20(a) | 2,490,000 | 2,527,350 | ||||||
Altice Financing SA, 6.500%, 01/15/22(a) | 3,210,000 | 3,290,250 | ||||||
Altice SA, 7.750%, 05/15/22(a) | 4,085,000 | 4,217,762 | ||||||
Avanti Communications Group PLC, 10.000%, 10/01/19(a) | 6,365,000 | 6,333,175 | ||||||
Avaya, Inc., 7.000%, 04/01/19(a) | 1,985,000 | 1,925,450 | ||||||
Avaya, Inc., 9.000%, 04/01/19(a) | 2,130,000 | 2,145,975 | ||||||
B Communications Ltd., 7.375%, 02/15/21(a) | 3,975,000 | 4,228,406 | ||||||
DigitalGlobe, Inc., 5.250%, 02/01/21(a)(e) | 2,550,000 | 2,448,000 |
Shares or Principal Amount($) | Value($) | |||||||
Telecommunication Services—continued |
| |||||||
Intelsat Luxembourg SA, 7.750%, 06/01/21 | 2,250,000 | 2,292,188 | ||||||
Level 3 Financing, Inc., 6.125%, 01/15/21(a) | 6,895,000 | 7,101,850 | ||||||
Level 3 Financing, Inc., 8.125%, 07/01/19 | 1,695,000 | 1,805,175 | ||||||
Level 3 Financing, Inc., 8.625%, 07/15/20 | 3,855,000 | 4,173,037 | ||||||
NII International Telecom SCA, 7.875%, 08/15/19(a)(e)(i) | 4,815,000 | 3,214,013 | ||||||
NII International Telecom SCA., 11.375%, 08/15/19(a)(e)(i) | 3,705,000 | 2,491,613 | ||||||
Nortel Networks Ltd., 10.750%, 07/15/16(e)(i)(k) | 3,885,000 | 4,419,187 | ||||||
Sprint Capital Corp., 6.875%, 11/15/28 | 7,690,000 | 7,343,950 | ||||||
Sprint Corp., 7.125%, 06/15/24(a) | 3,440,000 | 3,465,800 | ||||||
Sprint Corp., 7.875%, 09/15/23(a) | 3,570,000 | 3,784,200 | ||||||
T-Mobile USA, Inc., 6.000%, 03/01/23 | 2,330,000 | 2,327,088 | ||||||
T-Mobile USA, Inc., 6.125%, 01/15/22(e) | 3,630,000 | 3,648,150 | ||||||
T-Mobile USA, Inc., 6.250%, 04/01/21 | 2,340,000 | 2,363,400 | ||||||
T-Mobile USA, Inc., 6.375%, 03/01/25 | 2,330,000 | 2,324,175 | ||||||
T-Mobile USA, Inc., 6.633%, 04/28/21 | 3,890,000 | 3,987,250 | ||||||
Trilogy International Partners LLC / Trilogy International Finance, Inc., 10.250%, 08/15/16(a) | 7,855,000 | 8,026,828 | ||||||
Tw telecom holdings, Inc., 5.375%, 10/01/22 | 3,985,000 | 4,283,875 | ||||||
ViaSat, Inc., 6.875%, 06/15/20 | 3,945,000 | 4,181,700 | ||||||
Wind Acquisition Finance SA, 7.375%, 04/23/21(a) | 6,925,000 | 6,959,625 | ||||||
|
| |||||||
105,309,472 | ||||||||
|
| |||||||
Transportation 1.6% | ||||||||
CHC Helicopter SA, 9.250%, 10/15/20(k) | 4,122,000 | 4,389,930 | ||||||
Eletson Holdings, 9.625%, 01/15/22(a)(e) | 3,100,000 | 3,162,000 |
See Notes to Financial Statements.
27
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Transportation—continued |
| |||||||
Florida East Coast Holdings Corp., 6.750%, 05/01/19(a) | 2,050,000 | 2,091,000 | ||||||
Navios Maritime Acquisition Corp./Navios Acquisition Finance US, Inc., 8.125%, 11/15/21(a) | 1,916,000 | 1,848,940 | ||||||
Navios Maritime Holdings, Inc./Navios Maritime Finance II US, Inc., 7.375%, 01/15/22(a) | 2,375,000 | 2,256,250 | ||||||
|
| |||||||
13,748,120 | ||||||||
|
| |||||||
Trucking & Leasing 0.1% | ||||||||
Flexi-Van Leasing, Inc., 7.875%, 08/15/18(a) | 835,000 | 870,488 | ||||||
|
| |||||||
Total Corporate Bonds |
| 725,113,395 | ||||||
|
| |||||||
Convertible Corporate Bond 0.3% |
| |||||||
Auto Parts & Equipment 0.3% | ||||||||
Meritor, Inc., 4.625%, 03/01/26(e) | 2,145,000 | 2,226,778 | ||||||
|
| |||||||
Total Convertible Corporate Bond | 2,226,778 | |||||||
|
| |||||||
Municipal Bonds 1.0% | ||||||||
Puerto Rico 1.0% | ||||||||
Commonwealth of Puerto Rico, Series A, GO, 8.000%, 07/01/35 | 7,800,000 | 6,864,156 | ||||||
Puerto Rico Sales Tax Financing Corp., Series A, RB, 6.500%, 08/01/44 | 2,165,000 | 1,819,055 | ||||||
|
| |||||||
8,683,211 | ||||||||
|
| |||||||
Total Municipal Bonds |
| 8,683,211 | ||||||
|
| |||||||
Preferred Stock 0.4% | ||||||||
Diversified Financial Services 0.4% |
| |||||||
GMAC Capital Trust I, Series 2, 8.125%(b) | 121,110 | 3,222,737 | ||||||
|
| |||||||
Total Preferred Stock |
| 3,222,737 | ||||||
|
| |||||||
Common Stocks 0.9% | ||||||||
Auto Manufacturers 0.8% |
| |||||||
General Motors Co. | 228,862 | 7,309,852 | ||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Energy-Alternate Sources 0.1% |
| |||||||
Aventine Renewable Energy Holdings, Inc.*(g)(i) | 52,974 | 476,766 | ||||||
|
| |||||||
Total Common Stocks |
| 7,786,618 | ||||||
|
| |||||||
Short-Term Investment 12.3% |
| |||||||
RidgeWorth Funds Securities Lending Joint Account(m) | 104,241,220 | 104,241,220 | ||||||
|
| |||||||
Total Short-Term Investment |
| 104,241,220 | ||||||
|
| |||||||
Money Market Fund 0.7% | ||||||||
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(n) | 5,950,030 | 5,950,030 | ||||||
|
| |||||||
Total Money Market Fund |
| 5,950,030 | ||||||
|
| |||||||
Total Investments |
| 903,272,798 | ||||||
Liabilities in Excess of Other Assets — (6.8)% | (57,854,421 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 845,418,377 | ||||||
|
|
* | Non-income producing security. |
(a) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s investment adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 52.2% of net assets as of September 30, 2014. |
(b) | Variable or floating rate security. Rate disclosed is as of September 30, 2014. |
(c) | All or a portion of this security has been purchased on a when-issued or delayed-delivery basis. |
(d) | The security does not have a stated settlement date and will receive a rate upon settling with the custodian. |
(e) | The security or a partial position of the security was on loan as of September 30, 2014. The total value of securities on loan as of September 30, 2014 was $102,283,983. |
(f) | Less than 0.05% of Net Assets. |
(g) | The Fund’s investment adviser/subadviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. |
(h) | Valued at fair value using procedures approved by the Board of Trustees. Fair valued securities held by the Fund represent 0% of net assets as of September 30, 2014. |
(i) | Security is in default. |
(j) | Perpetual maturity. |
See Notes to Financial Statements.
28
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
High Income Fund — concluded
(k) | All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments. |
(l) | Rate shown is 12.000% Cash and 2.000% PIK. |
(m) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2014 (See Note 2(k)). |
(n) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
Investment Abbreviations
GO | — | General Obligation | ||
MTN | — | Medium Term Note | ||
PIK | — | Payment in-kind | ||
RB | — | Revenue Bond | ||
ULC | — | Unlimited Liability Company |
Centrally Cleared Credit Default Swap Contracts — Sell Protection
Underlying Instrument | Broker (Exchange) | Notional Amount | Fixed Rate | ExpirationDate | Implied Credit Spread* | Value | Unrealized Depreciation | |||||||||||||||||||
CDX.NA.HY.22 | Credit Suisse First Boston (CME) | $13,365,000 | 5.000 | % | 06/20/19 | 35.317 | % | $808,692 | $(46,322 | ) | ||||||||||||||||
CDX.NA.HY.22 | JPMorgan (CME) | 8,415,000 | 5.000 | 06/20/19 | 35.317 | 509,176 | (40,948 | ) | ||||||||||||||||||
|
|
|
| |||||||||||||||||||||||
$1,317,868 | $(87,270 | ) | ||||||||||||||||||||||||
|
|
|
|
The notional amount represents the maximum potential amount the Fund could be required to pay as seller of credit protection if a credit event occurs, as defined under the terms of the swap contract, for each security included in CDX.NA.HY.22.
The value column indicates the impact each respective swap agreement has on the Fund’s Net Assets at September 30, 2014.
* | Implied credit spreads serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular reference entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the reference entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
See Notes to Financial Statements.
29
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Intermediate Bond Fund
Shares or Principal Amount($) | Value($) | |||||||
Asset-Backed Security 1.0% | ||||||||
Credit Card 1.0% | ||||||||
Barclays Dryrock Issuance Trust, Series 2014-3, Cl A, 2.410%, 07/15/22 | 2,920,000 | 2,920,701 | ||||||
|
| |||||||
Total Asset-Backed Security | 2,920,701 | |||||||
|
| |||||||
Collateralized Mortgage Obligations 1.6% | ||||||||
Agency Collateralized Planned Amortization Class Mortgage Obligations 1.3% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series 4274, Cl PN, REMIC, | 3,634,727 | 3,783,129 | ||||||
|
| |||||||
Commercial Mortgage Backed Securities 0.3% |
| |||||||
LB-UBS Commercial Mortgage Trust | ||||||||
Series 2005-C7, Cl A3, 5.623%, 11/15/30(a) | 1,045,496 | 1,044,844 | ||||||
|
| |||||||
Total Collateralized Mortgage Obligations | 4,827,973 | |||||||
|
| |||||||
Corporate Bonds 28.1% | ||||||||
Aerospace/Defense 0.4% | ||||||||
L-3 Communications Corp., 3.950%, 05/28/24 | 1,203,000 | 1,193,627 | ||||||
|
| |||||||
Agriculture 0.5% | ||||||||
Japan Tobacco, Inc., | 1,395,000 | 1,405,606 | ||||||
|
| |||||||
Airlines 0.8% | ||||||||
American Airlines Pass Through Trust, Series 2013-2, | 1,434,832 | 1,538,857 | ||||||
United Airlines Pass Through Trust, Series 2014-1, Cl A, 4.000%, 10/11/27, Series A(c) | 738,000 | 741,690 | ||||||
|
| |||||||
2,280,547 | ||||||||
|
| |||||||
Auto Manufacturers 0.4% | ||||||||
Daimler Finance N.A. LLC, 3.875%, 09/15/21(b) | 675,000 | 715,826 | ||||||
Volkswagen International Finance, 2.375%, 03/22/17(b) | 492,000 | 504,846 | ||||||
|
| |||||||
1,220,672 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Auto Parts & Equipment 0.2% |
| |||||||
Delphi Corp., 4.150%, 03/15/24 | 614,000 | 626,364 | ||||||
|
| |||||||
Banks 6.9% | ||||||||
Bank of America Corp., 1.700%, 08/25/17, MTN | 1,028,000 | 1,023,558 | ||||||
Bank of America Corp., 2.600%, 01/15/19 | 1,117,000 | 1,114,824 | ||||||
Bank of America Corp., 4.000%, 04/01/24 | 474,000 | 478,940 | ||||||
Bank of America NA, 1.250%, 02/14/17 | 512,000 | 510,410 | ||||||
Citigroup, Inc., 2.500%, 09/26/18 | 1,751,000 | 1,762,389 | ||||||
Credit Suisse New York, 3.625%, 09/09/24, MTN | 898,000 | 885,974 | ||||||
Goldman Sachs Group, Inc. (The), 2.625%, 01/31/19 | 1,527,000 | 1,523,073 | ||||||
HSBC Bank PLC, | 511,000 | 522,493 | ||||||
Huntington National Bank (The), 1.300%, 11/20/16 | 962,000 | 962,848 | ||||||
Intesa Sanpaolo SpA, 5.017%, 06/26/24(b) | 961,000 | 936,337 | ||||||
JPMorgan Chase & Co., | 1,378,000 | 1,343,274 | ||||||
KeyBank NA, 1.650%, 02/01/18 | 731,000 | 728,126 | ||||||
Morgan Stanley, 4.350%, 09/08/26, MTN | 493,000 | 484,529 | ||||||
Morgan Stanley, | 1,773,000 | 1,854,221 | ||||||
Morgan Stanley, Series F, 3.875%, 04/29/24, Series F | 804,000 | 803,166 | ||||||
UBS AG, | 1,438,000 | 1,425,371 | ||||||
US Bancorp, 3.600%, 09/11/24, MTN | 1,387,000 | 1,370,664 | ||||||
US Bank NA, 1.100%, 01/30/17 | 760,000 | 759,236 | ||||||
Wells Fargo & Co., 1.250%, 02/13/15, MTN | 817,000 | 819,778 | ||||||
Wells Fargo & Co., 4.100%, 06/03/26, MTN | 1,420,000 | 1,415,009 | ||||||
|
| |||||||
20,724,220 | ||||||||
|
| |||||||
Beverages 0.4% | ||||||||
Anheuser-Busch InBev Worldwide, Inc., 2.500%, 07/15/22 | 636,000 | 600,983 |
See Notes to Financial Statements.
30
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Intermediate Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Beverages—continued |
| |||||||
SABMiller Holdings, Inc., 2.450%, 01/15/17(b) | 650,000 | 664,041 | ||||||
|
| |||||||
1,265,024 | ||||||||
|
| |||||||
Chemicals 0.2% | ||||||||
Praxair, Inc., 4.625%, 03/30/15 | 605,000 | 617,757 | ||||||
|
| |||||||
Commercial Services 0.4% | ||||||||
ERAC USA Finance LLC, 2.750%, 03/15/17(b) | 373,000 | 384,233 | ||||||
ERAC USA Finance LLC, 3.850%, 11/15/24(b) | 441,000 | 441,800 | ||||||
ERAC USA Finance LLC, 5.600%, 05/01/15(b) | 487,000 | 500,960 | ||||||
|
| |||||||
1,326,993 | ||||||||
|
| |||||||
Computers 1.3% |
| |||||||
Apple, Inc., 2.850%, 05/06/21 | 1,285,000 | 1,287,521 | ||||||
IBM Corp., 1.250%, 02/06/17 | 839,000 | 841,825 | ||||||
International Business Machines Corp., | 1,740,000 | 1,740,933 | ||||||
|
| |||||||
3,870,279 | ||||||||
|
| |||||||
Diversified Financial Services 2.1% |
| |||||||
American Express Credit Corp., 2.375%, 03/24/17, MTN | 326,000 | 333,594 | ||||||
Ford Motor Credit Co. LLC, 5.000%, 05/15/18 | 763,000 | 833,307 | ||||||
General Electric Capital Corp., 3.450%, 05/15/24, MTN | 701,000 | 703,076 | ||||||
John Deere Capital Corp., 1.250%, 12/02/14, MTN | 998,000 | 999,715 | ||||||
Lazard Group LLC, | 1,388,000 | 1,451,042 | ||||||
Lazard Group LLC, 6.850%, 06/15/17 | 242,000 | 272,664 | ||||||
MassMutual Global Funding LLC, 2.000%, 04/05/17(b) | 454,000 | 460,866 | ||||||
Toyota Motor Credit Corp., 3.200%, 06/17/15, MTN | 410,000 | 418,226 | ||||||
Woodside Finance Ltd., 4.600%, 05/10/21(b) | 668,000 | 722,098 | ||||||
|
| |||||||
6,194,588 | ||||||||
|
| |||||||
Electric 0.2% |
| |||||||
Dominion Resources, Inc., 1.950%, 08/15/16 | 249,000 | 253,118 | ||||||
Exelon Generation Co. LLC, 6.200%, 10/01/17 | 295,000 | 331,719 | ||||||
|
| |||||||
584,837 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Electronics 0.2% |
| |||||||
Thermo Fisher Scientific, Inc., 4.150%, 02/01/24 | 681,000 | 705,080 | ||||||
|
| |||||||
Healthcare-Services 0.4% |
| |||||||
Howard Hughes Medical Institute, 3.500%, 09/01/23 | 560,000 | 576,971 | ||||||
UnitedHealth Group, Inc., 2.875%, 03/15/23 | 619,000 | 604,301 | ||||||
|
| |||||||
1,181,272 | ||||||||
|
| |||||||
Insurance 1.2% |
| |||||||
American International Group, Inc., 5.850%, 01/16/18, MTN | 1,113,000 | 1,252,039 | ||||||
Berkshire Hathaway, Inc., 3.200%, 02/11/15 | 814,000 | 822,445 | ||||||
Fairfax Financial Holdings Ltd., 5.800%, 05/15/21(b) | 163,000 | 174,926 | ||||||
Nationwide Financial Services, Inc., 5.375%, 03/25/21(b) | 737,000 | 827,916 | ||||||
Reinsurance Group of America, Inc., 4.700%, 09/15/23, MTN | 422,000 | 449,669 | ||||||
|
| |||||||
3,526,995 | ||||||||
|
| |||||||
Media 1.2% |
| |||||||
British Sky Broadcasting Group PLC, 2.625%, 09/16/19(b) | 354,000 | 353,787 | ||||||
Comcast Corp., | 3,053,000 | 3,011,391 | ||||||
Time Warner Cable, Inc., 4.000%, 09/01/21 | 303,000 | 318,821 | ||||||
|
| |||||||
3,683,999 | ||||||||
|
| |||||||
Mining 2.8% |
| |||||||
Barrick (PD) Australia Finance Property Ltd., 4.950%, 01/15/20 | 398,000 | 431,029 | ||||||
Barrick Gold Corp., | 2,266,000 | 2,179,828 | ||||||
Barrick Gold Corp., | 1,106,000 | 1,062,750 | ||||||
BHP Billiton Finance USA Ltd., 1.125%, 11/21/14 | 1,039,000 | 1,040,108 | ||||||
Newmont Mining Corp., 3.500%, 03/15/22 | 4,072,000 | 3,775,583 | ||||||
|
| |||||||
8,489,298 | ||||||||
|
|
See Notes to Financial Statements.
31
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Intermediate Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Miscellaneous Manufacturer 0.3% |
| |||||||
3M Co., 1.375%, 09/29/16 | 256,000 | 259,690 | ||||||
General Electric Co., | 518,000 | 504,189 | ||||||
General Electric Co., | 214,000 | 237,423 | ||||||
|
| |||||||
1,001,302 | ||||||||
|
| |||||||
Oil & Gas 1.3% |
| |||||||
BP Capital Markets PLC, 2.248%, 11/01/16 | 416,000 | 426,702 | ||||||
Continental Resources, Inc., 3.800%, 06/01/24 | 715,000 | 700,354 | ||||||
Ensco PLC, 4.500%, 10/01/24 | 454,000 | 455,529 | ||||||
Marathon Petroleum Corp., 3.625%, 09/15/24 | 2,240,000 | 2,192,644 | ||||||
|
| |||||||
3,775,229 | ||||||||
|
| |||||||
Oil & Gas Services 0.5% |
| |||||||
Schlumberger Investment SA, 3.300%, 09/14/21(b) | 331,000 | 342,403 | ||||||
Weatherford International Ltd., 5.125%, 09/15/20 | 993,000 | 1,082,994 | ||||||
|
| |||||||
1,425,397 | ||||||||
|
| |||||||
Pharmaceuticals 0.2% |
| |||||||
Express Scripts Holding Co., 2.650%, 02/15/17 | 303,000 | 311,578 | ||||||
Novartis Securities Investment Ltd., 5.125%, 02/10/19 | 222,000 | 249,318 | ||||||
|
| |||||||
560,896 | ||||||||
|
| |||||||
Pipelines 1.1% |
| |||||||
Enterprise Products Operating LLC, 3.350%, 03/15/23 | 1,002,000 | 986,187 | ||||||
Kinder Morgan Energy Partners LP, 3.450%, 02/15/23 | 1,132,000 | 1,081,624 | ||||||
Spectra Energy Partners LP, 2.950%, 09/25/18 | 1,237,000 | 1,275,134 | ||||||
|
| |||||||
3,342,945 | ||||||||
|
| |||||||
Real Estate Investment Trust 0.9% |
| |||||||
American Tower Corp., 3.500%, 01/31/23 | 414,000 | 393,582 | ||||||
American Tower Corp., 5.000%, 02/15/24 | 1,076,000 | 1,127,780 | ||||||
Digital Realty Trust LP, 5.875%, 02/01/20(c) | 978,000 | 1,086,652 | ||||||
|
| |||||||
2,608,014 | ||||||||
|
| |||||||
Retail 0.4% |
| |||||||
Wal-Mart Stores, Inc., 1.125%, 04/11/18 | 1,331,000 | 1,312,938 | ||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Semiconductors 0.8% | ||||||||
Analog Devices, Inc., 3.000%, 04/15/16 | 360,000 | 371,155 | ||||||
Intel Corp., 1.950%, 10/01/16 | 298,000 | 304,565 | ||||||
TSMC Global Ltd., | 1,586,000 | 1,566,104 | ||||||
|
| |||||||
2,241,824 | ||||||||
|
| |||||||
Software 0.2% |
| |||||||
Oracle Corp., 1.200%, 10/15/17 | 323,000 | 320,671 | ||||||
Oracle Corp., 2.375%, 01/15/19 | 397,000 | 402,233 | ||||||
|
| |||||||
722,904 | ||||||||
|
| |||||||
Telecommunication Services 1.9% |
| |||||||
AT&T, Inc., 2.375%, 11/27/18 | 1,374,000 | 1,386,854 | ||||||
CC Holdings GS V LLC/Crown Castle GS III Corp., 3.849%, 04/15/23 | 861,000 | 846,913 | ||||||
Cisco Systems, Inc., 2.125%, 03/01/19 | 729,000 | 728,634 | ||||||
Cisco Systems, Inc., 5.500%, 02/22/16 | 298,000 | 317,339 | ||||||
Verizon Communications, Inc., 5.150%, 09/15/23 | 2,250,000 | 2,491,580 | ||||||
|
| |||||||
5,771,320 | ||||||||
|
| |||||||
Transportation 0.9% |
| |||||||
Burlington Northern Santa Fe LLC, 3.400%, 09/01/24 | 2,087,000 | 2,057,899 | ||||||
Union Pacific Corp., 3.250%, 01/15/25 | 604,000 | 600,191 | ||||||
|
| |||||||
2,658,090 | ||||||||
|
| |||||||
Total Corporate Bonds | 84,318,017 | |||||||
|
| |||||||
Municipal Bond 0.9% | ||||||||
New York 0.9% | ||||||||
Utility Debt Securitization Authority, Series T, RB, 2.554%, 06/15/22 | 2,605,000 | 2,616,462 | ||||||
|
| |||||||
Total Municipal Bond |
| 2,616,462 | ||||||
|
| |||||||
U.S. Treasury Obligations 66.2% | ||||||||
U.S. Treasury Notes 66.2% | ||||||||
0.375%, 11/15/15 | 21,954,000 | 21,998,588 | ||||||
0.500%, 06/15/16 | 37,196,000 | 37,230,890 | ||||||
0.875%, 02/28/17 | 50,692,000 | 50,743,503 | ||||||
0.750%, 02/28/18 | 1,239,000 | 1,215,382 | ||||||
1.375%, 07/31/18 | 31,422,000 | 31,294,364 |
See Notes to Financial Statements.
32
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Intermediate Bond Fund — concluded
Shares or Principal Amount($) | Value($) | |||||||
U.S. Treasury Notes—continued |
| |||||||
1.500%, 01/31/19 | 38,692,000 | 38,450,175 | ||||||
2.375%, 08/15/24 | 17,744,000 | 17,538,844 | ||||||
|
| |||||||
Total U.S. Treasury Obligations | 198,471,746 | |||||||
|
| |||||||
Foreign Government Bonds 1.0% | ||||||||
Sovereign 1.0% | ||||||||
Brazilian Government International Bond, 4.250%, 01/07/25 | 723,000 | 715,770 | ||||||
Indonesia Government International Bond, 3.375%, 04/15/23(b) | 1,475,000 | 1,371,750 | ||||||
Mexico Government International Bond, 4.000%, 10/02/23 | 398,000 | 411,333 | ||||||
Turkey Government International Bond, 7.375%, 02/05/25(c) | 392,000 | 465,500 | ||||||
|
| |||||||
Total Foreign Government Bonds |
| 2,964,353 | ||||||
|
| |||||||
Short-Term Investment 0.8% | ||||||||
RidgeWorth Funds Securities Lending Joint Account(e) | 2,361,110 | 2,361,110 | ||||||
|
| |||||||
Total Short-Term Investment |
| 2,361,110 | ||||||
|
| |||||||
Money Market Fund 2.5% | ||||||||
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(f) | 7,492,444 | 7,492,444 | ||||||
|
| |||||||
Total Money Market Fund |
| 7,492,444 | ||||||
|
| |||||||
Total Investments |
| 305,972,806 | ||||||
Liabilities in Excess of Other Assets — (2.1)% | (6,198,003 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 299,774,803 | ||||||
|
|
(a) | Variable or floating rate security. Rate disclosed is as of September 30, 2014. Less than 0.05% of Net Assets. |
(b) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s investment adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 4.0% of net assets as of September 30, 2014. |
(c) | The security or a partial position of the security was on loan as of September 30, 2014. The total value of securities on loan as of September 30, 2014 was $2,297,849. |
(d) | Perpetual maturity. |
(e) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2014 (See Note 2(k)). |
(f) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
Investment Abbreviations
MTN | — | Medium Term Note | ||
RB | — | Revenue Bond | ||
REMIC | — | Real Estate Mortgage Investment Conduit |
See Notes to Financial Statements.
33
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Investment Grade Tax-Exempt Bond Fund
Shares or Principal Amount($) | Value($) | |||||||
Municipal Bonds 97.5% | ||||||||
Alabama 2.4% | ||||||||
Birmingham, Series A, GO, 0.000%, 03/01/27(a) | 2,500,000 | 2,543,025 | ||||||
Birmingham, Series A, GO, 0.000%, 03/01/37(a) | 3,000,000 | 2,920,320 | ||||||
Birmingham Special Care Facilities Financing Authority Health Care Facilities, Children’s Hospital of Alabama, RB, 6.000%, 06/01/39, AGC(b) | 9,000,000 | 10,512,090 | ||||||
|
| |||||||
15,975,435 | ||||||||
|
| |||||||
Alaska 7.4% |
| |||||||
Matanuska-Susitna Borough Lease, Goose Creek Correctional Center, RB, 5.500%, 09/01/23, AGC(b) | 18,000,000 | 21,190,140 | ||||||
Matanuska-Susitna Borough Lease, Goose Creek Correctional Center, RB, 6.000%, 09/01/28, AGC(b) | 15,500,000 | 18,670,215 | ||||||
Matanuska-Susitna Borough Lease, Goose Creek Correctional Center, RB, 6.000%, 09/01/32, AGC | 7,250,000 | 8,652,077 | ||||||
|
| |||||||
48,512,432 | ||||||||
|
| |||||||
California 22.5% |
| |||||||
Bay Area Toll Authority, Series C, RB, 1.875%, 04/01/47(c) | 5,130,000 | 5,230,599 | ||||||
California Health Facilities Financing Authority, Series C, RB, 6.250%, 10/01/24 | 3,500,000 | 4,256,875 | ||||||
California Health Facilities Financing Authority, Series C, RB, 6.500%, 10/01/33 | 6,500,000 | 7,969,585 | ||||||
California Health Facilities Financing Authority, Series C, RB, 6.500%, 10/01/38(b) | 5,400,000 | 6,620,886 | ||||||
California State, GO, 5.000%, 12/01/27 | 8,890,000 | 10,512,247 | ||||||
California State, GO, 5.000%, 12/01/28 | 2,500,000 | 2,942,150 | ||||||
California State, GO, 5.000%, 12/01/30 | 5,000,000 | 5,809,300 | ||||||
California State, GO, 5.000%, 05/01/31 | 9,000,000 | 10,473,390 |
Shares or Principal Amount($) | Value($) | |||||||
California—continued |
| |||||||
California State, GO, 5.000%, 12/01/31 | 4,000,000 | 4,630,040 | ||||||
California State, GO, 6.500%, 04/01/33(b) | 24,500,000 | 29,934,100 | ||||||
Los Angeles California Community College District, Series A, GO, 6.000%, 08/01/33(b) | 10,000,000 | 12,026,300 | ||||||
Los Angeles California Wastewater System, Series A, RB, 5.750%, 06/01/34 | 5,000,000 | 5,919,000 | ||||||
Los Angeles County Regional Financing Authority, Series B-2, RB, 3.000%, 11/15/20, CA MTG INS | 1,500,000 | 1,531,050 | ||||||
Port of Los Angeles, Series A, AMT, RB, 5.000%, 08/01/35 | 6,000,000 | 6,818,100 | ||||||
Port of Los Angeles, Series B, RB, 5.000%, 08/01/30 | 1,285,000 | 1,526,542 | ||||||
Port of Los Angeles, Series B, RB, 5.000%, 08/01/36 | 1,985,000 | 2,293,449 | ||||||
San Francisco City & County Airports Comm-San Francisco International Airport, Series A, AMT, RB, 5.000%, 05/01/39 | 1,500,000 | 1,661,235 | ||||||
San Francisco City & County Airports Comm-San Francisco International Airport, Series A, AMT, RB, 5.000%, 05/01/40 | 1,000,000 | 1,105,780 | ||||||
San Francisco City & County Airports Commission, AMT, RB, 5.750%, 05/01/24, AGM | 5,000,000 | 5,677,150 | ||||||
University of California, Series O, RB, 5.750%, 05/15/27 | 3,000,000 | 3,604,170 | ||||||
University of California, Series O, RB, 5.750%, 05/15/28(b) | 10,000,000 | 11,974,300 | ||||||
University of California, Series O, RB, 5.750%, 05/15/29(b) | 5,095,000 | 6,093,314 | ||||||
|
| |||||||
148,609,562 | ||||||||
|
| |||||||
District of Columbia 1.4% |
| |||||||
District of Columbia, Income Tax, Series A, RB, 5.500%, 12/01/30(b) | 8,000,000 | 9,435,840 | ||||||
|
|
See Notes to Financial Statements.
34
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Investment Grade Tax-Exempt Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Florida 2.3% |
| |||||||
Florida State Board of Governors, Series A, RB, 5.000%, 10/01/20 | 2,285,000 | 2,696,414 | ||||||
Miami-Dade County, Building Better Communities Program, Series B, GO, 6.000%, 07/01/23 | 2,000,000 | 2,336,280 | ||||||
Miami-Dade County, Building Better Communities Program, Series B, GO, 6.125%, 07/01/25 | 3,000,000 | 3,497,700 | ||||||
Orlando FL Contract Tourist DE, 5.250%, 11/01/34 | 3,785,000 | 4,427,920 | ||||||
Polk County School District Sales Tax Authority, RB, 5.250%, 10/01/15, AGM | 2,000,000 | 2,000,280 | ||||||
|
| |||||||
14,958,594 | ||||||||
|
| |||||||
Georgia 0.6% |
| |||||||
Private Colleges & Universities Authority, RB, 5.000%, 04/01/27 | 2,400,000 | 2,689,968 | ||||||
Private Colleges & Universities Authority, RB, 5.000%, 04/01/29 | 1,250,000 | 1,382,363 | ||||||
|
| |||||||
4,072,331 | ||||||||
|
| |||||||
Guam 0.8% |
| |||||||
Guam Power Authority, Series A, RB, 5.000%, 10/01/28(d) | 1,000,000 | 1,120,300 | ||||||
Guam Power Authority, Series A, RB, 5.000%, 10/01/33, AGM(d) | 750,000 | 846,285 | ||||||
Guam Power Authority, Series A, RB, 5.000%, 10/01/39, AGM(d) | 3,200,000 | 3,573,536 | ||||||
|
| |||||||
5,540,121 | ||||||||
|
| |||||||
Illinois 9.5% |
| |||||||
Chicago, Series A, GO, 5.000%, 01/01/34 | 4,750,000 | 4,859,155 | ||||||
Chicago, Series A, GO, 5.250%, 01/01/30 | 7,200,000 | 7,621,272 | ||||||
Chicago, Series A, GO, 5.250%, 01/01/32 | 6,000,000 | 6,295,380 | ||||||
Chicago, Series A, GO, 5.250%, 01/01/33 | 6,000,000 | 6,267,780 | ||||||
Chicago, Series C, GO, 5.000%, 01/01/26 | 3,400,000 | 3,522,128 | ||||||
Chicago, Series C, GO, 5.000%, 01/01/27 | 8,000,000 | 8,243,200 |
Shares or Principal Amount($) | Value($) | |||||||
Illinois—continued |
| |||||||
Chicago Board of Education, Series A, GO, 5.250%, 12/01/26, AGC-ICC | 3,290,000 | 3,592,121 | ||||||
Chicago IL O’ Hare International Airport Revenue, Series D, RB, 5.250%, 01/01/19, NATL-RE, AMT(b) | 7,680,000 | 7,772,928 | ||||||
Chicago IL Wastewater Transmission Revenue, RB, 5.000%, 01/01/39 | 1,000,000 | 1,101,840 | ||||||
Chicago IL Waterworks Revenue, RB, 5.000%, 11/01/31 | 1,500,000 | 1,695,225 | ||||||
Chicago Public Building Commission, RB, 5.250%, 12/01/18, NATL-RE | 2,625,000 | 2,955,383 | ||||||
Grundy Kendall & Will Counties Community School District No. 201, GO, 5.750%, 10/15/21, AGC | 4,340,000 | 5,007,101 | ||||||
Illinois State, GO, 5.250%, 04/01/27 | 1,500,000 | 1,606,785 | ||||||
University of Illinois, Auxiliary Facilities System, Series A, RB, 5.750%, 04/01/38 | 2,000,000 | 2,301,660 | ||||||
|
| |||||||
62,841,958 | ||||||||
|
| |||||||
Kansas 4.8% |
| |||||||
Kansas State Development Finance Authority, Adventist Bolingbrook Hospital, RB, 5.750%, 11/15/38(b) | 26,090,000 | 29,553,447 | ||||||
Kansas State Development Finance Authority, Adventist Bolingbrook Hospital, Series D, RB, 5.000%, 11/15/22 | 2,000,000 | 2,227,180 | ||||||
|
| |||||||
31,780,627 | ||||||||
|
| |||||||
Louisiana 0.6% |
| |||||||
Louisiana State University & Agricultural & Mechanical College, RB, 5.000%, 07/01/27(d) | 1,000,000 | 1,189,890 | ||||||
Louisiana State University & Agricultural & Mechanical College, RB, 5.000%, 07/01/28(d) | 1,200,000 | 1,413,804 |
See Notes to Financial Statements.
35
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Investment Grade Tax-Exempt Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Louisiana—continued |
| |||||||
Louisiana State University & Agricultural & Mechanical College, RB, 5.000%, 07/01/31(d) | 1,280,000 | 1,489,139 | ||||||
|
| |||||||
4,092,833 | ||||||||
|
| |||||||
Maryland 2.7% |
| |||||||
Baltimore County, GO, 5.000%, 08/01/15 | 2,810,000 | 2,924,227 | ||||||
Maryland State, Series A, GO, 5.000%, 03/01/24 | 3,640,000 | 4,398,940 | ||||||
Maryland State Department of Transportation, Series B, RB, 5.000%, 02/15/19 | 9,000,000 | 10,243,530 | ||||||
|
| |||||||
17,566,697 | ||||||||
|
| |||||||
Massachusetts 2.4% |
| |||||||
Commonwealth of Massachusetts, Series A, GO, 5.000%, 04/01/25 | 5,520,000 | 6,540,041 | ||||||
Massachusetts School Building Authority, Series A, RB, 5.000%, 08/15/30, Pre-refunded 08/15/2015 @ 100, AGM | 3,500,000 | 3,648,050 | ||||||
Massachusetts State, Consolidated Lien, Series C, GO, 5.000%, 09/01/18, Pre-refunded 09/01/2015 @ 100 | 5,310,000 | 5,545,870 | ||||||
|
| |||||||
15,733,961 | ||||||||
|
| |||||||
Michigan 2.4% |
| |||||||
Michigan Finance Authority, RB, 5.000%, 07/01/21 | 14,000,000 | 15,998,360 | ||||||
|
| |||||||
Missouri 1.1% |
| |||||||
Missouri State Highways & Transit Commission State Road, Second Lien, RB, 5.250%, 05/01/20 | 6,500,000 | 7,288,190 | ||||||
|
| |||||||
New Jersey 2.3% |
| |||||||
New Jersey State Transportation Trust Fund Authority, Transportation System, Series A, RB, 6.000%, 12/15/38 | 7,710,000 | 9,018,002 | ||||||
New Jersey Transportation Trust Fund Authority, Series A, RB, 6.000%, 06/15/35, ST APPROP | 5,305,000 | 6,439,315 | ||||||
|
| |||||||
15,457,317 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
New York 14.6% |
| |||||||
Erie County Industrial Development Agency, City School District Buffalo, Series A, RB, 5.750%, 05/01/29, BHAC | 5,340,000 | 6,114,033 | ||||||
New York City Municipal Water Finance Authority, Water & Sewer System, Series A, RB, 5.750%, 06/15/40(b) | 15,330,000 | 17,632,106 | ||||||
New York City Transitional Finance Authority, Building Aid, Series S-2, RB, 6.000%, 07/15/38, State Aid Withholding(b) | 7,500,000 | 8,723,100 | ||||||
New York City Transitional Finance Authority Future Tax Secured Revenue, RB, 5.000%, 11/01/15 | 16,125,000 | 16,970,917 | ||||||
New York City Transitional Finance Authority Future Tax Secured Revenue, RB, 5.000%, 02/01/28 | 5,000,000 | 5,612,550 | ||||||
New York City Transitional Finance Authority Future Tax Secured Revenue, RB, 5.000%, 11/01/38 | 7,000,000 | 7,939,190 | ||||||
Port Authority of New York & New Jersey, AMT, RB, 5.000%, 09/01/31 | 3,975,000 | 4,517,349 | ||||||
Port Authority of New York & New Jersey, RB, 5.000%, 09/01/32 | 7,000,000 | 8,245,930 | ||||||
Port Authority of New York & New Jersey, RB, 5.000%, 09/01/33 | 4,500,000 | 5,271,345 | ||||||
Port Authority of New York & New Jersey, RB, 5.000%, 09/01/35 | 2,500,000 | 2,905,200 | ||||||
Sales Tax Asset Receivable Corp., Series A, RB, 5.000%, 10/15/27(d) | 4,000,000 | 4,896,160 | ||||||
Sales Tax Asset Receivable Corp., Series A, RB, 5.000%, 10/15/30(d) | 1,750,000 | 2,107,053 | ||||||
Tobacco Settlement Financing Corp., Series B, RB, 5.000%, 06/01/20 | 2,000,000 | 2,150,320 |
See Notes to Financial Statements.
36
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Investment Grade Tax-Exempt Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
New York—continued |
| |||||||
Tobacco Settlement Financing Corp., Series B, RB, 5.000%, 06/01/21 | 2,000,000 | 2,223,480 | ||||||
Tobacco Settlement Financing Corp., Series B, RB, 5.000%, 06/01/22 | 1,000,000 | 1,111,400 | ||||||
|
| |||||||
96,420,133 | ||||||||
|
| |||||||
North Carolina 2.8% |
| |||||||
Wake County, GO, 5.000%, 09/01/21 | 15,420,000 | 18,728,207 | ||||||
|
| |||||||
Oregon 0.4% |
| |||||||
Oregon State Department of Transportation, Highway User Tax, Series B, RB, 5.000%, 11/15/17, Pre-refunded 11/15/2014 @ 100 | 2,500,000 | 2,515,200 | ||||||
|
| |||||||
Pennsylvania 3.4% |
| |||||||
Pennsylvania Economic Development Financing Authority, RB, 5.000%, 07/01/21 | 7,500,000 | 8,449,950 | ||||||
Pennsylvania Economic Development Financing Authority, RB, 5.000%, 01/01/22 | 3,000,000 | 3,342,000 | ||||||
University of Pittsburgh, Commonwealth System of Higher Education, Series B, RB, 5.500%, 09/15/23, GO of University | 6,750,000 | 7,898,310 | ||||||
University of Pittsburgh, Commonwealth System of Higher Education, Series B, RB, 5.500%, 09/15/24, GO of University | 2,500,000 | 2,920,850 | ||||||
|
| |||||||
22,611,110 | ||||||||
|
| |||||||
Texas 8.9% |
| |||||||
City Public Service Board of San Antonio, RB, 5.000%, 02/01/19(d) | 2,200,000 | 2,559,370 | ||||||
Dallas Community College District, GO, 5.000%, 02/15/24 | 5,850,000 | 6,574,990 |
Shares or Principal Amount($) | Value($) | |||||||
Texas—continued |
| |||||||
Dallas Independent School District, GO, 6.375%, 02/15/34, PSF-GTD(b) | 6,000,000 | 7,113,240 | ||||||
Lower Colorado River Authority, Series A, RB, 5.875%, 05/15/15, AGM | 1,185,000 | 1,190,570 | ||||||
Montgomery County, Series A, GO, 5.000%, 03/01/27 | 2,000,000 | 2,402,760 | ||||||
North Harris County Regional Water Authority, RB, 5.250%, 12/15/18, NATL-RE | 2,690,000 | 2,717,250 | ||||||
San Antonio Electric & Gas, RB, 5.000%, 02/01/24, Pre-refunded 02/01/2015 @ 100 | 1,875,000 | 1,905,506 | ||||||
Texas State, Series A, GO, 5.000%, 10/01/27 | 7,115,000 | 8,689,407 | ||||||
Texas State, Series A, GO, 5.000%, 10/01/28 | 3,000,000 | 3,643,110 | ||||||
Texas State Public Finance Authority, Unemployment Comp., Series B, RB, 4.000%, 07/01/17 | 10,000,000 | 10,779,800 | ||||||
Texas State University Systems Financing, RB, 5.000%, 03/15/18, AGM | 5,035,000 | 5,145,418 | ||||||
United Independent School District, GO, 5.000%, 08/15/44, PSF-GTD | 5,000,000 | 5,733,900 | ||||||
|
| |||||||
58,455,321 | ||||||||
|
| |||||||
Virginia 0.3% |
| |||||||
Norfolk, Series C, GO, 5.000%, 04/01/23 | 1,875,000 | 2,083,369 | ||||||
|
| |||||||
Washington 3.9% |
| |||||||
Energy Northwest, Series C, RB, 5.000%, 07/01/24 | 4,000,000 | 4,522,080 | ||||||
Washington State, Series A, GO, 5.000%, 08/01/24 | 8,880,000 | 10,578,211 | ||||||
Washington State, Series R-2015 A, GO, 5.000%, 07/01/18 | 9,000,000 | 10,358,550 | ||||||
|
| |||||||
25,458,841 | ||||||||
|
| |||||||
Total Municipal Bonds | 644,136,439 | |||||||
|
|
See Notes to Financial Statements.
37
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Investment Grade Tax-Exempt Bond Fund — concluded
Shares or Principal Amount($) | Value($) | |||||||
Money Market Fund 4.1% | ||||||||
Federated Tax-Free Obligations Fund, Institutional Shares, 0.01% | 27,255,565 | 27,255,565 | ||||||
|
| |||||||
Total Money Market Fund | 27,255,565 | |||||||
|
| |||||||
Total Investments | 671,392,004 | |||||||
Liabilities in Excess of Other Assets — (1.6)% | (10,712,893 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 660,679,111 | ||||||
|
|
(a) | Step bond. The rate shown is the rate in effect as of September 30, 2014. |
(b) | All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments. |
(c) | Variable or floating rate security. Rate disclosed is as of September 30, 2014. |
(d) | All or a portion of this security has been purchased on a when-issued or delayed-delivery basis. Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
Investment Abbreviations
AGC | — | Security guaranteed by Assured Guaranty Corporation | ||
AGC-ICC | — | Assured Guaranty Corporation Insured Custody Certificates | ||
AGM | — | Security guaranteed by Assured Guaranty Municipal Corporation | ||
AMT | — | Income subject to Alternative Minimum Tax | ||
BHAC | — | Security guaranteed by Berkshire Hathaway Assurance Corporation | ||
CA MTG INS | — | California Mortgage Insurance | ||
GO | — | General Obligation | ||
NATL-RE | — | Reinsurance provided by National Public Finance Guarantee Corporation | ||
PSF-GTD | — | Security guaranteed by Permanent School Fund Guarantee Program | ||
RB | — | Revenue Bond | ||
ST APPROP | — | State Appropriation |
See Notes to Financial Statements.
38
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Limited Duration Fund
Shares or Principal Amount($) | Value($) | |||||||
Asset-Backed Securities 41.3% | ||||||||
Automobiles 14.4% | ||||||||
AmeriCredit Automobile Receivables Trust, Series 2014-2, Cl A2B, 0.436%, 10/10/17(a) | 280,000 | 279,966 | ||||||
BMW Vehicle Owner Trust, Series 2011-A, Cl A4, 1.030%, 02/26/18 | 173,232 | 173,612 | ||||||
Mercedes Benz Auto Lease Trust, Series 2014-A, Cl A2B, 0.334%, 06/15/16(a) | 330,000 | 330,009 | ||||||
Santander Drive Auto Receivables Trust, Series 2012-AA, Cl A3, 0.650%, 03/15/17(b) | 172,870 | 172,948 | ||||||
|
| |||||||
956,535 | ||||||||
|
| |||||||
Credit Card 21.0% |
| |||||||
American Express Issuance Trust II, Series 2013-1, Cl B, 0.604%, 02/15/19 | 400,000 | 397,925 | ||||||
Barclays Dryrock Issuance Trust, Series 2014-1, Cl A, 0.514%, 12/16/19(a) | 300,000 | 300,288 | ||||||
Capital One Multi-Asset Execution Trust, Series 2006-B1, Cl B1, 0.434%, 01/15/19(a) | 300,000 | 298,809 | ||||||
Discover Card Master Trust, Series 2013-A1, Cl A1, 0.454%, 08/17/20(a) | 400,000 | 400,163 | ||||||
|
| |||||||
1,397,185 | ||||||||
|
| |||||||
Other 1.9% |
| |||||||
CenterPoint Energy Restoration Bond Co. LLC, Series 2009-1, Cl A1, 1.833%, 02/15/16 | 126,137 | 126,777 | ||||||
|
| |||||||
Student Loan Asset Backed Security 4.0% |
| |||||||
SLM Student Loan Trust, Series 2012-7, Cl A1, 0.315%, 02/27/17(a) | 68,253 | 68,170 | ||||||
SLM Student Loan Trust, Series 2013-1, Cl A2, 0.405%, 09/25/19(a) | 200,000 | 199,711 | ||||||
|
| |||||||
267,881 | ||||||||
|
| |||||||
Total Asset-Backed Securities |
| 2,748,378 | ||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Collateralized Mortgage Obligations 52.5% | ||||||||
Agency Collateralized Mortgage Obligations 52.5% | ||||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series 3066, Cl FG, REMIC, 0.354%, 03/15/24(a) | 1,269,528 | 1,273,981 | ||||||
Series 4231, Cl FD, REMIC, 0.504%, 10/15/32(a) | 903,332 | 902,066 | ||||||
|
| |||||||
2,176,047 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Series 2004-79, Cl FM, | 962,683 | 964,443 | ||||||
Series 2010-90, Cl MF, | 350,433 | 351,255 | ||||||
|
| |||||||
1,315,698 | ||||||||
|
| |||||||
Total Collateralized Mortgage Obligations | 3,491,745 | |||||||
|
| |||||||
Money Market Fund 6.2% | ||||||||
State Street Institutional Treasury Money Market Fund, | 408,334 | 408,334 | ||||||
|
| |||||||
Total Money Market Fund |
| 408,334 | ||||||
|
| |||||||
Total Investments |
| 6,648,457 | ||||||
Other Assets in Excess of | 2,565 | �� | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 6,651,022 | ||||||
|
|
(a) | Variable or floating rate security. Rate disclosed is as of September 30, 2014. |
(b) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s investment adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 2.6% of net assets as of September 30, 2014. |
(c) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
(d) | Less than 0.05% of Net Assets. |
Investment Abbreviations
REMIC —Real Estate Mortgage Investment Conduit
See Notes to Financial Statements.
39
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Limited-Term Federal Mortgage Securities Fund
Shares or Principal Amount($) | Value($) | |||||||
Collateralized Mortgage Obligations 13.9% | ||||||||
Agency Collateralized Mortgage Obligations 11.5% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series 3800, Cl CB, REMIC, 3.500%, 02/15/26 | 159,000 | 165,017 | ||||||
Series 3909, Cl UB, REMIC, 3.500%, 08/15/26(a) | 800,000 | 830,057 | ||||||
|
| |||||||
995,074 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Series 2012-17, Cl BC, 3.500%, 03/25/27 | 96,000 | 98,693 | ||||||
|
| |||||||
1,093,767 | ||||||||
|
| |||||||
Commercial Mortgage Backed Securities 2.4% |
| |||||||
JPMorgan Chase Commercial Mortgage Securities Trust | ||||||||
Series 2011-C5, Cl AS, | 200,000 | 227,415 | ||||||
|
| |||||||
Total Collateralized Mortgage Obligations |
| 1,321,182 | ||||||
|
| |||||||
U.S. Government Agency Mortgages 80.6% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Pool #C01785, 5.000%, 02/01/34 | 259,059 | 286,431 | ||||||
Pool #G01828, 4.500%, 04/01/35 | 222,554 | 241,422 | ||||||
Pool #A47828, 3.500%, 08/01/35 | 224,813 | 231,538 | ||||||
Pool #G03092, 5.500%, 07/01/37 | 200,097 | 224,506 | ||||||
Pool #A85718, 4.000%, 04/01/39 | 90,894 | 96,287 | ||||||
Pool #G08347, 4.500%, 06/01/39 | 47,116 | 50,838 | ||||||
Pool #A89148, 4.000%, 10/01/39 | 88,092 | 92,870 | ||||||
Pool #G08372, 4.500%, 11/01/39 | 96,235 | 103,863 | ||||||
Pool #A93101, 5.000%, 07/01/40 | 191,419 | 211,739 | ||||||
Pool #A93617, 4.500%, 08/01/40 | 99,499 | 107,408 | ||||||
Pool #A94362, 4.000%, 10/01/40 | 57,343 | 60,699 | ||||||
Pool #A95084, 4.000%, 11/01/40 | 50,087 | 53,424 | ||||||
Pool #G06802, 4.500%, 10/01/41 | 187,019 | 201,856 | ||||||
Pool #Q12102, 3.000%, 10/01/42 | 144,849 | 143,706 | ||||||
Pool #Q13634, 3.000%, 11/01/42 | 196,857 | 195,914 | ||||||
Pool #849139, 3.200%, 09/01/43(b)(d) | 97,796 | 100,463 | ||||||
|
| |||||||
2,402,964 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Pool #AK6980, 2.500%, 03/01/27 | 474,250 | 479,786 | ||||||
Pool #AB1763, 4.000%, 11/01/30 | 118,256 | 126,415 | ||||||
Pool #MA0919, 3.500%, 12/01/31 | 317,394 | 331,197 | ||||||
Pool #MA0976, 3.500%, 02/01/32 | 86,410 | 90,171 | ||||||
Pool #730727, 5.000%, 08/01/33 | 179,033 | 199,208 |
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #745044, 4.500%, 08/01/35 | 70,863 | 76,794 | ||||||
Pool #AL0049, 6.000%, 12/01/35 | 75,214 | 85,569 | ||||||
Pool #AI7951, 4.500%, 08/01/36 | 105,077 | 113,433 | ||||||
Pool #AK6960, 4.000%, 03/01/37 | 522,941 | 552,492 | ||||||
Pool #AK6957, 4.000%, 03/01/37 | 413,832 | 437,473 | ||||||
Pool #889529, 6.000%, 03/01/38 | 152,333 | 173,424 | ||||||
Pool #AU4728, 4.000%, 09/01/38 | 170,309 | 180,135 | ||||||
Pool #AE0215, 4.000%, 12/01/39 | 20,039 | 21,146 | ||||||
Pool #AD8033, 4.000%, 08/01/40 | 37,645 | 39,726 | ||||||
Pool #AB1343, 4.500%, 08/01/40 | 121,095 | 132,086 | ||||||
Pool #AC4624, 3.500%, 10/01/40 | 249,839 | 256,065 | ||||||
Pool #AE4113, 4.000%, 10/01/40 | 47,796 | 50,492 | ||||||
Pool #AE0624, 4.000%, 11/01/40 | 134,109 | 141,580 | ||||||
Pool #AE4414, 4.000%, 11/01/40 | 51,636 | 54,490 | ||||||
Pool #AE5143, 4.000%, 11/01/40 | 47,492 | 50,118 | ||||||
Pool #AL0005, 4.500%, 01/01/41 | 56,874 | 61,540 | ||||||
Pool #AB2265, 4.000%, 02/01/41 | 218,375 | 231,565 | ||||||
Pool #MA0639, 4.000%, 02/01/41 | 68,315 | 72,091 | ||||||
Pool #AB2694, 4.500%, 04/01/41 | 77,321 | 83,747 | ||||||
Pool #AL0215, 4.500%, 04/01/41 | 105,266 | 113,938 | ||||||
Pool #AK0205, 4.500%, 09/01/41 | 34,213 | 36,934 | ||||||
Pool #MA1044, 3.000%, 04/01/42 | 662,706 | 655,232 | ||||||
Pool #AO2970, 3.000%, 05/01/42 | 39,910 | 39,456 | ||||||
Pool #AT0681, 3.000%, 03/01/43 | 182,643 | 180,404 | ||||||
Pool #AT0682, 3.000%, 04/01/43 | 201,555 | 199,084 | ||||||
|
| |||||||
5,265,791 | ||||||||
|
| |||||||
Total U.S. Government Agency Mortgages |
| 7,668,755 | ||||||
|
| |||||||
U.S. Treasury Obligation 2.6% | ||||||||
U.S. Treasury Note 2.6% | ||||||||
1.500%, 01/31/19 | 252,000 | 250,425 | ||||||
|
| |||||||
Total U.S. Treasury Obligation | 250,425 | |||||||
|
| |||||||
Money Market Fund 2.7% | ||||||||
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(e) | 260,557 | 260,557 | ||||||
|
| |||||||
Total Money Market Fund | 260,557 | |||||||
|
| |||||||
Total Investments | 9,500,919 | |||||||
Other Assets in Excess of Liabilities — 0.2% | 20,471 | |||||||
|
| |||||||
Net Assets — 100.0% | $ | 9,521,390 | ||||||
|
|
See Notes to Financial Statements.
40
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Limited-Term Federal Mortgage Securities Fund — concluded
(a) | All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments. |
(b) | Variable or floating rate security. Rate disclosed is as of September 30, 2014. |
(c) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s investment adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 2.4% of net assets as of September 30, 2014. |
(d) | All or a portion of this security has been purchased on a when-issued or delayed-delivery basis. |
(e) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
Investment Abbreviations
REMIC — Real Estate Mortgage Investment Conduit
See Notes to Financial Statements.
41
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
North Carolina Tax-Exempt Bond Fund
Shares or Principal Amount($) | Value($) | |||||||
Municipal Bonds 93.3% | ||||||||
Alabama 0.6% | ||||||||
Birmingham, Series A, GO, 0.000%, 03/01/32(a) | 215,000 | 212,803 | ||||||
|
| |||||||
California 4.5% | ||||||||
California State, GO, 5.000%, 02/01/20 | 645,000 | 764,086 | ||||||
California State, GO, 5.000%, 09/01/33 | 750,000 | 857,145 | ||||||
|
| |||||||
1,621,231 | ||||||||
|
| |||||||
Guam 3.1% | ||||||||
Guam Power Authority, Series A, RB, 5.000%, 10/01/44, AGM | 1,000,000 | 1,109,630 | ||||||
|
| |||||||
Illinois 0.7% | ||||||||
Chicago, Series A, GO, 5.250%, 01/01/33 | 260,000 | 271,604 | ||||||
|
| |||||||
North Carolina 82.0% | ||||||||
Buncombe County Metropolitan Sewerage District, RB, 5.000%, 07/01/39 | 1,000,000 | 1,148,830 | ||||||
Charlotte Water & Sewer System, RB, 5.000%, 07/01/21 | 1,080,000 | 1,242,767 | ||||||
Charlotte-Mecklenburg Hospital Authority (The), Series A, RB, 5.250%, 01/15/42 | 1,000,000 | 1,095,050 | ||||||
Guilford County, GO, 4.000%, 10/01/14 | 1,075,000 | 1,075,118 | ||||||
Iredell County, COP, 5.000%, 06/01/17, AMBAC | 1,020,000 | 1,095,286 | ||||||
New Hanover County Hospital, New Hanover Regional Medical Center, Series B, RB, 5.125%, 10/01/31, AGM | 1,000,000 | 1,102,920 | ||||||
North Carolina Capital Facilities Finance Agency, RB, 5.000%, 04/01/30 | 1,000,000 | 1,125,940 | ||||||
North Carolina Capital Facilities Finance Agency, RB, 5.250%, 03/01/33 | 1,500,000 | 1,610,445 | ||||||
North Carolina Eastern Municipal Power Agency, Series B, RB, 6.250%, 01/01/23 | 1,000,000 | 1,267,360 | ||||||
North Carolina Medical Care Commission Health Care Facilities, University Health Systems, Series D, RB, 6.250%, 12/01/33 | 1,500,000 | 1,737,345 |
Shares or Principal Amount($) | Value($) | |||||||
North Carolina—continued | ||||||||
North Carolina Municipal Power Agency, No. 1 Catawba Electric, RB, ETM, 5.000%, 01/01/20 | 1,600,000 | 1,883,616 | ||||||
North Carolina Municipal Power Agency, No. 1 Catawba Electric, Series A, RB, 5.000%, 01/01/30 | 2,000,000 | 2,253,480 | ||||||
North Carolina State, Series A, GO, 5.000%, 06/01/17 | 1,950,000 | 2,179,515 | ||||||
North Carolina State Ports Authority Facilities, Series A, RB, 5.250%, 02/01/40 | 1,500,000 | 1,627,455 | ||||||
North Carolina State University at Raleigh, Series A, RB, 5.000%, 10/01/37 | 3,000,000 | 3,452,430 | ||||||
Raleigh, Series B, GO, 5.000%, 04/01/26 | 1,000,000 | 1,186,800 | ||||||
Raleigh Combined Enterprise System Revenue, Series A, RB, 5.000%, 03/01/27 | 1,250,000 | 1,494,325 | ||||||
Union County, Series A, GO, 5.000%, 03/01/22 | 1,190,000 | 1,438,258 | ||||||
University of North Carolina at Greensboro, RB, 5.000%, 04/01/39 | 1,500,000 | 1,701,315 | ||||||
|
| |||||||
29,718,255 | ||||||||
|
| |||||||
South Carolina 2.4% | ||||||||
South Carolina State Public Service Authority, Series A, RB, 5.750%, 12/01/43 | 750,000 | 881,347 | ||||||
|
| |||||||
Total Municipal Bonds | 33,814,870 | |||||||
|
| |||||||
Money Market Fund 5.7% | ||||||||
Federated Tax-Free Obligations Fund, Institutional Shares, 0.01%(b) | 2,062,425 | 2,062,425 | ||||||
|
| |||||||
Total Money Market Fund | 2,062,425 | |||||||
|
| |||||||
Total Investments | 35,877,295 | |||||||
Other Assets in Excess of Liabilities — 1.0% | 353,427 | |||||||
|
| |||||||
Net Assets — 100.0% | $ | 36,230,722 | ||||||
|
|
(a) | Step bond. The rate shown is the rate in effect as of September 30, 2014. |
(b) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
See Notes to Financial Statements.
42
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
North Carolina Tax-Exempt Bond Fund — concluded
Investment Abbreviations
AGM | — | Security guaranteed by Assured Guaranty Municipal Corporation | ||
AMBAC | — | Security guaranteed by American Municipal Bond Assurance Corporation | ||
COP | — | Certificate of Participation | ||
ETM | — | Escrowed to Maturity | ||
GO | — | General Obligation | ||
RB | — | Revenue Bond |
See Notes to Financial Statements.
43
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Seix Floating Rate High Income Fund
Shares or Principal Amount($) | Value($) | |||||||
Bank Loans 89.9% | ||||||||
Aerospace/Defense 2.8% | ||||||||
Air Canada, Term Loan B, 5.500%, 09/20/19(a)(b) | 37,760,363 | 38,090,766 | ||||||
AM General LLC, Term Loan B, 10.250%, 03/22/18(a)(b) | 20,085,625 | 18,528,989 | ||||||
Atlantic Aviation FBO, Inc., Term Loan B, 3.250%, 06/01/20(a)(b) | 4,190,288 | 4,129,529 | ||||||
DAE Aviation Holdings, Inc., New Term Loan B1, 5.000%, 11/02/18(a)(b) | 13,958,656 | 13,993,553 | ||||||
DAE Aviation Holdings, Inc., 2018 Term Loan B2, 5.000%, 11/02/18(a)(b) | 5,653,480 | 5,667,613 | ||||||
DAE Aviation Holdings, Inc., 2nd Lien Term Loan, 7.750%, 08/05/19(a)(b) | 12,015,000 | 12,090,094 | ||||||
DigitalGlobe, Inc., New Term Loan B, 3.750%, 01/31/20(a)(b) | 18,976,025 | 18,768,427 | ||||||
TASC, Inc., 2014 Term Loan B, 6.500%, 05/30/20(a)(b) | 20,378,925 | 19,557,450 | ||||||
TASC, Inc., 2nd Lien Term Loan, 12.000%, 05/30/21(a)(b) | 8,960,000 | 8,724,800 | ||||||
Transdigm, Inc., Term Loan C, 3.750%, 02/28/20(a)(b) | 25,373,408 | 24,916,687 | ||||||
Transdigm, Inc., Term Loan D, 3.750%, 06/04/21(a)(b) | 9,012,413 | 8,843,430 | ||||||
US Airways Group, Inc., New Term Loan B1, 3.500%, 05/23/19(a)(b) | 21,789,900 | 21,217,915 | ||||||
WP CPP Holdings LLC, 1st Lien Term Loan, 4.750%, 12/27/19(a)(b) | 6,757,192 | 6,700,161 | ||||||
WP CPP Holdings LLC, New 2nd Lien Term Loan, 8.750%, 04/30/21(a)(b) | 2,870,000 | 2,867,302 | ||||||
Wyle Services Corp., New Term Loan B, 5.000%, 05/21/21(a)(b) | 5,840,650 | 5,818,748 | ||||||
|
| |||||||
209,915,464 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Auto Manufacturers 1.3% | ||||||||
Allison Transmission, Inc., New Term Loan B3, 3.750%, 08/23/19(a)(b) | 4,433,969 | 4,382,491 | ||||||
Chrysler Group LLC, 2018 Term Loan B, 3.250%, 12/31/18(a)(b) | 22,457,150 | 22,036,078 | ||||||
Chrysler Group LLC, New Term Loan B, 3.500%, 05/24/17(a)(b) | 35,572,452 | 35,261,193 | ||||||
CS Intermediate Holdco 2 LLC, New Term Loan B, 4.000%, 04/04/21(a)(b) | 7,067,288 | 6,974,565 | ||||||
Navistar International Corp., Term Loan B, 5.750%, 08/17/17(a)(b) | 3,000,000 | 3,003,750 | ||||||
Remy International, Inc., New Term Loan B, | 6,569,582 | 6,503,886 | ||||||
Tower Automotive Holdings USA LLC, New Term Loan, 4.000%, 04/23/20(a)(b) | 10,507,531 | 10,332,371 | ||||||
Wabash National Corp., Term Loan B, 4.500%, 05/08/19(a)(b) | 6,769,510 | 6,727,201 | ||||||
|
| |||||||
95,221,535 | ||||||||
|
| |||||||
Chemicals 2.0% | ||||||||
Axalta Coating Systems US Holdings, Inc., USD Term Loan, 3.750%, 02/01/20(a)(b) | 10,855,446 | 10,627,047 | ||||||
Gemini HDPE LLC, Term Loan B, 4.750%, 08/07/21(a)(b) | 14,265,000 | 14,140,181 | ||||||
Ineos US Finance LLC, 6 Year Term Loan, | 59,985,306 | 58,693,822 | ||||||
MacDermid, Inc., 1st Lien Term Loan, 4.000%, 06/07/20(a)(b) | 11,452,822 | 11,235,219 | ||||||
Minerals Technologies, Inc., Term Loan B, 4.000%, 05/09/21(a)(b) | 12,120,756 | 12,007,184 | ||||||
Nexeo Solutions LLC, Term Loan B, 5.000%, 09/08/17(a)(b) | 4,997,559 | 4,944,485 | ||||||
OXEA Finance LLC, USD Term Loan B2, | 4,371,963 | 4,273,593 |
See Notes to Financial Statements.
44
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Chemicals—continued | ||||||||
Polymer Group, Inc., 1st Lien Term Loan, 5.250%, 12/19/19(a)(b) | 7,076,525 | 7,041,143 | ||||||
PQ Corp., 2014 Term Loan, 4.000%, 08/07/17(a)(b) | 6,307,650 | 6,228,804 | ||||||
Tata Chemicals North America, Inc., Term Loan B, 3.750%, 08/07/20(a)(b) | 3,742,625 | 3,695,842 | ||||||
UTEX Industries Inc., 1st Lien Term loan 2014, 5.000%, 05/22/21(a)(b) | 7,211,925 | 7,175,866 | ||||||
WNA Holdings, Inc., USD 1st Lien US Borrower, | 3,811,788 | 3,754,611 | ||||||
|
| |||||||
143,817,797 | ||||||||
|
| |||||||
Commercial Services 4.1% | ||||||||
ABC Supply Co., Inc., Term Loan, 3.500%, 04/16/20(a)(b) | 22,702,685 | 22,241,593 | ||||||
Harland Clarke Holdings Corp., Extended Term Loan B2, 5.483%, 06/30/17(a)(b) | 36,031,015 | 35,963,637 | ||||||
Harland Clarke Holdings Corp., Term Loan B4, 6.000%, 08/04/19(a)(b) | 35,168,000 | 35,299,880 | ||||||
Harland Clarke Holdings, Corp., Term Loan B3, 7.000%, 05/22/18(a)(b) | 98,304,642 | 99,103,859 | ||||||
Infor (US), Inc., USD Term Loan B3, 3.750%, 06/03/20(a)(b) | 7,629,940 | 7,451,094 | ||||||
Infor (US), Inc., USD Term Loan B5, 3.750%, 06/03/20(a)(b) | 18,585,616 | 18,148,111 | ||||||
Merrill Communications LLC, 1st Lien Term Loan, 5.750%, 03/08/18(a)(b) | 11,741,890 | 11,888,664 | ||||||
Tribune Co., 2013 Term Loan B, 4.000%, 12/27/20(a)(b) | 62,594,558 | 61,714,479 | ||||||
Vertafore, Inc., 1st Lien Term Loan, 4.250%, 10/03/19(a)(b) | 5,612,879 | 5,564,945 | ||||||
Walter Energy, Inc., Term Loan B, 7.250%, 04/02/18(a)(b) | 4,609,717 | 4,093,705 | ||||||
|
| |||||||
301,469,967 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Consumer Discretionary 0.4% |
| |||||||
Revlon Consumer Products Corp., Acquisition Term Loan, 4.000%, 10/08/19(a)(b) | 26,549,375 | 26,101,487 | ||||||
Steinway Musical Instruments, Inc., 1st Lien Term Loan, 4.750%, 09/19/19(a)(b) | 5,952,437 | 5,930,116 | ||||||
|
| |||||||
32,031,603 | ||||||||
|
| |||||||
Consumer Non-Durables 0.2% |
| |||||||
Kate Spade & Co., Term Loan B, 4.000%, 04/09/21(a)(b) | 6,640,000 | 6,474,000 | ||||||
Libbey Glass Inc., Term Loan B, 3.750%, 04/09/21(a)(b) | 6,179,513 | 6,113,886 | ||||||
|
| |||||||
12,587,886 | ||||||||
|
| |||||||
Consumer Staples 0.2% | ||||||||
Serta Simmons Holdings LLC, Term Loan, 4.250%, 10/01/19(a)(b) | 12,262,028 | 12,131,806 | ||||||
|
| |||||||
Diversified Financial Services 3.2% |
| |||||||
Affinion Group, Inc., Term Loan B, 6.750%, 04/30/18(a)(b) | 10,606,700 | 10,275,241 | ||||||
Affinion Group, Inc., 2nd Lien Term Loan, 8.500%, 10/12/18(a)(b) | 4,480,000 | 4,307,789 | ||||||
American Capital, Ltd., 2017 Term Loan, 3.500%, 08/22/17(a)(b) | 8,593,200 | 8,485,785 | ||||||
Ceridian LLC, Term Loan B2, 4.500%, 09/15/20(a)(b) | 7,135,000 | 7,045,813 | ||||||
Clipper Acquisitions Corp., New Term Loan B, 3.000%, 02/06/20(a)(b) | 3,028,136 | 2,956,218 | ||||||
First Data Corp., New 2018 Extended Term Loan, 3.655%, 03/23/18(a)(b) | 78,627,214 | 77,030,295 | ||||||
First Data Corp., New 2018 Term Loan, 3.655%, 09/24/18(a)(b) | 38,273,139 | 37,436,105 | ||||||
First Data Corp., Extended 2021 Term Loan, 4.155%, 03/24/21(a)(b) | 17,485,325 | 17,223,045 | ||||||
Getty Images, Inc., Term Loan B, 4.750%, 10/18/19(a)(b) | 16,010,543 | 14,656,371 |
See Notes to Financial Statements.
45
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Diversified Financial Services—continued |
| |||||||
Grosvenor Capital Management Holdings LLP, New Term Loan B, 3.750%, 01/04/21(a)(b) | 7,091,413 | 6,993,906 | ||||||
GXS Group, Inc., Term Loan B, 3.250%, 01/16/21(a)(b) | 6,973,177 | 6,892,567 | ||||||
Nuveen Investments, Inc., New 2nd Lien Term Loan, 6.500%, 02/28/19(a)(b) | 10,920,000 | 10,928,190 | ||||||
Oberthur Technologies of America Corp., USD Term Loan B2, 4.500%, 10/18/19(a)(b) | 11,577,513 | 11,513,836 | ||||||
Pre-Paid Legal Services, Inc., 1st Lien Term Loan, 6.250%, 07/01/19(a)(b) | 4,953,226 | 4,956,346 | ||||||
SunGard Data Systems, Inc., Term Loan E, | 1,340,665 | 1,324,241 | ||||||
Triple Point Technology, Inc., 1st Lien Term Loan, 5.250%, 07/10/20(a)(b) | 5,556,408 | 5,028,549 | ||||||
USIC Holdings, Inc., 1st Lien Term Loan, 4.000%, 07/10/20(a)(b) | 6,137,313 | 5,999,223 | ||||||
|
| |||||||
233,053,520 | ||||||||
|
| |||||||
Diversified Media 1.1% | ||||||||
ALM Media Holdings, Inc., 1st Lien Term Loan, | 5,345,000 | 5,304,913 | ||||||
AP NMT Acquisition BV, USD 1st Lien Term Loan, 6.750%, 07/31/21(a)(b) | 1,555,000 | 1,511,584 | ||||||
Quad/Graphics, Inc., 2021 Term Loan, 4.250%, 04/23/21(a)(b) | 10,633,350 | 10,527,004 | ||||||
William Morris Endeavor Entertainment, LLC, 1st Lien Term Loan, | 57,929,813 | 56,988,453 | ||||||
William Morris Endeavor Entertainment, LLC, 2nd Lien Term Loan, 8.250%, 05/01/22(a)(b) | 8,855,000 | 8,618,837 | ||||||
|
| |||||||
82,950,791 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Electric 0.8% | ||||||||
Calpine Corp., Term Loan B3, 4.000%, 10/09/19(a)(b) | 35,045,746 | 34,671,106 | ||||||
Calpine Corp., Delayed Draw Term Loan, | 16,033,838 | 15,853,457 | ||||||
Panda Temple II Power LLC, New Term Loan B, | 2,000,000 | 2,040,000 | ||||||
Texas Competitive Electric Holdings Co. LLC, Extended Term Loan, | 4,000,000 | 2,955,000 | ||||||
|
| |||||||
55,519,563 | ||||||||
|
| |||||||
Electronics 1.3% | ||||||||
Blackboard, Inc., Term Loan B3, 4.750%, 10/04/18(a)(b) | 8,675,841 | 8,602,617 | ||||||
Dell, Inc., USD Term Loan B, 4.500%, 04/29/20(a)(b) | 57,093,206 | 56,651,875 | ||||||
Eastman Kodak Co., Exit Term Loan, 7.250%, 09/03/19(a)(b) | 10,961,250 | 11,012,658 | ||||||
Rovi Solutions Corp., New Term Loan B, 3.750%, 07/02/21(a)(b) | 9,820,388 | 9,538,051 | ||||||
Shield Finance Co. S.A.R.L., USD Term Loan, | 6,017,231 | 5,994,667 | ||||||
Spansion LLC, 2013 Term Loan, 3.750%, 12/19/19(a)(b) | 7,058,700 | 6,935,173 | ||||||
|
| |||||||
98,735,041 | ||||||||
|
| |||||||
Energy 3.8% | ||||||||
ADS Waste Holdings, Inc., New Term Loan, | 25,896,188 | 25,171,095 | ||||||
American Energy—Marcellus, LLC, 1st Lien Term Loan, 5.250%, 08/04/20(a)(b) | 3,550,000 | 3,515,601 | ||||||
American Energy—Marcellus, LLC, 2nd Lien Term Loan, | 3,590,000 | 3,554,100 | ||||||
Azure Midstream Energy LLC, Term Loan B, | 12,960,063 | 12,830,462 |
See Notes to Financial Statements.
46
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Energy—continued | ||||||||
BlackBrush Oil & Gas, L.P., 2nd Lien Term Loan, 8.750%, 06/19/21(a)(b) | 9,005,000 | 8,847,412 | ||||||
Chief Exploration & Development LLC, 2nd Lien Term Loan, 7.500%, 05/12/21(a)(b) | 14,210,000 | 14,174,475 | ||||||
Drillships Ocean Ventures Inc., Term Loan B, 5.500%, 07/25/21(a)(b) | 12,485,000 | 12,079,237 | ||||||
FTS International, Inc., New Term Loan B, 5.750%, 04/16/21(a)(b) | 15,936,000 | 15,933,132 | ||||||
Glenn Pool Oil & Gas Trust, Term Loan, 4.500%, 05/02/16(a)(b) | 19,061,212 | 19,156,518 | ||||||
HGIM Corp., Term Loan B, 5.500%-6.750%, 06/18/20(a)(b) | 30,222,715 | 29,675,079 | ||||||
KCA Deutag US Finance LLC, Term Loan, | 5,356,575 | 5,262,835 | ||||||
Osum Productions Corp., Term Loan, 6.500%, 07/28/20(a)(b) | 2,000,828 | 2,010,832 | ||||||
Pacific Drilling SA, Term Loan B, 4.500%, 06/04/18(a)(b) | 14,474,492 | 13,973,964 | ||||||
Paragon Offshore Finance Co., Term Loan B, 3.750%, 07/18/21(a)(b) | 3,000,000 | 2,805,000 | ||||||
Philadelphia Energy Solutions LLC, Term Loan B, 6.250%, 04/04/18(a)(b) | 14,943,993 | 14,097,117 | ||||||
Pinnacle Holdco S.A.R.L., Term Loan, 4.750%, 07/24/19(a)(b) | 4,449,701 | 4,398,263 | ||||||
Seadrill Partners Finco LLC, Term Loan B, 4.000%, 02/21/21(a)(b) | 33,946,721 | 32,249,385 | ||||||
Southcross Holdings Borrower LP, Term Loan B, 6.000%, 08/04/21(a)(b) | 4,438,875 | 4,427,778 | ||||||
Templar Energy LLC, 2nd Lien Term Loan, | 54,160,000 | 52,467,500 | ||||||
|
| |||||||
276,629,785 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Entertainment 1.2% | ||||||||
Activision Blizzard, Inc., Term Loan B, 3.250%, 10/12/20(a)(b) | 5,482,075 | 5,463,984 | ||||||
Cinemark USA, Inc., New Term Loan, 3.160%, 12/18/19(a)(b) | 5,688,947 | 5,618,859 | ||||||
ClubCorp Club Operations, Inc., New Term Loan, 4.000%, 07/24/20(a)(b) | 7,085,000 | 7,011,174 | ||||||
Diamond Resorts Corp., New Term Loan, 5.500%, 05/09/21(a)(b) | 9,935,100 | 9,885,425 | ||||||
Great Wolf Resorts, Inc., Term Loan B, 4.250%, 08/06/20(a)(b) | 8,013,562 | 7,923,410 | ||||||
Hubbard Radio LLC, Term Loan B, 4.500%, 04/29/19(a)(b) | 6,027,856 | 5,975,113 | ||||||
Kasima LLC, New Term Loan B, 3.250%, 05/17/21(a)(b) | 17,261,912 | 17,024,561 | ||||||
Live Nation Entertainment, Inc., 2020 Term Loan B1, 3.500%, 08/17/20(a)(b) | 12,664,294 | 12,494,086 | ||||||
Oceania Cruises, Inc., 2020 Term Loan B, 5.250%, 07/02/20(a)(b) | 13,681,613 | 13,673,130 | ||||||
Regent Seven Seas Cruises, Inc., New Term Loan B, 3.750%, 12/21/18(a)(b) | 2,481,923 | 2,463,309 | ||||||
|
| |||||||
87,533,051 | ||||||||
|
| |||||||
Financial 0.6% | ||||||||
RCS Capital Corp., 1st Lien Term Loan, 6.500%, 04/29/19(a)(b) | 13,118,938 | 13,168,133 | ||||||
SAM Finance Lux S.A.R.L, USD Term Loan, 4.250%, 12/17/20(a)(b) | 9,551,729 | 9,496,043 | ||||||
Sedgwick, Inc., 1st Lien Term Loan, 3.750%, 03/01/21(a)(b) | 18,004,525 | 17,426,940 | ||||||
Sedgwick, Inc., 2nd Lien Term Loan, 6.750%, 02/28/22(a)(b) | 7,155,000 | 6,980,633 | ||||||
|
| |||||||
47,071,749 | ||||||||
|
|
See Notes to Financial Statements.
47
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Food 2.6% | ||||||||
Albertson’s Holdings LLC, Term Loan B3, 08/25/19(a)(b) | 7,565,000 | 7,505,085 | ||||||
Albertson’s Holdings LLC, Term Loan B4, | 7,120,000 | 7,081,410 | ||||||
Blue Buffalo Co. Ltd., Term Loan B3, 3.750%, 08/08/19(a)(b) | 3,941,097 | 3,901,686 | ||||||
CEC Entertainment Concepts, LP, Term Loan, | 6,157,267 | 5,964,852 | ||||||
Dunkin’ Brands, Inc., Term Loan B4, 3.250%, 02/07/21(a)(b) | 15,611,690 | 15,175,031 | ||||||
H.J. Heinz Co., Term Loan B1, 3.250%, 06/07/19(a)(b) | 45,840,747 | 45,153,136 | ||||||
H.J. Heinz Co., Term Loan B2, 3.500%, 06/05/20(a)(b) | 31,401,066 | 30,977,152 | ||||||
JBS USA Holdings, Inc., Incremental Term Loan, 3.750%, 09/18/20(a)(b) | 11,068,200 | 10,902,177 | ||||||
Landry’s, Inc., Term Loan B, 4.000%, 04/24/18(a)(b) | 16,549,758 | 16,393,198 | ||||||
New Albertson’s, Inc., Term Loan, 4.750%, 06/27/21(a)(b) | 12,470,000 | 12,244,044 | ||||||
Pinnacle Foods Finance LLC, Term Loan G, | 14,660,583 | 14,342,888 | ||||||
Pinnacle Foods Finance LLC, Incremental Term Loan H, 3.250%, 04/29/20(a)(b) | 7,964,550 | 7,791,002 | ||||||
Post Holdings Inc., Series A Incremental Term Loan, 3.750%, 06/02/21(a)(b) | 7,206,938 | 7,131,841 | ||||||
Stater Bros. Markets, Term Loan B, 4.750%, 05/12/21(a)(b) | 7,105,000 | 7,073,951 | ||||||
|
| |||||||
191,637,453 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Forest Products & Paper 0.2% |
| |||||||
Anchor Glass Container Corp., New 1st Lien Term Loan, 4.250%, 06/30/21(a)(b) | 8,130,000 | 8,048,700 | ||||||
CD&R Millennium Holdco 6 S.A.R.L., USD 2nd Lien Term Loan, 8.250%, 07/31/22(a)(b) | 3,610,000 | 3,567,871 | ||||||
|
| |||||||
11,616,571 | ||||||||
|
| |||||||
Health Care 4.3% | ||||||||
Accellent, Inc., 1st Lien Term Loan, 4.500%, 03/12/21(a)(b) | 8,860,475 | 8,689,911 | ||||||
Allscripts Healthcare Solutions, Inc., Term Loan A, 2.904%, 06/28/18(a)(b) | 14,496,885 | 14,460,642 | ||||||
Community Health Care Systems, Inc., New Term Loan A, 2.734%-2.735%, 01/22/19(a)(b) | 9,666,667 | 9,551,923 | ||||||
Community Health Systems, Inc., Term Loan D, | 44,952,709 | 44,792,228 | ||||||
DaVita HealthCare Partners, Inc., Term Loan B, | 8,483,738 | 8,376,673 | ||||||
Envision Acquisition Company LLC, Term Loan, 5.750%, 11/04/20(a)(b) | 6,677,550 | 6,648,369 | ||||||
Grifols Worldwide Operations USA, Inc., USD Term Loan B, 3.154%, 02/27/21(a)(b) | 51,635,463 | 50,635,284 | ||||||
Hologic, Inc., New Term Loan B, 3.250%, 08/01/19(a)(b) | 8,911,627 | 8,815,559 | ||||||
IMS Health, Inc., New USD Term Loan, 3.500%, 03/17/21(a)(b) | 6,049,919 | 5,921,358 | ||||||
INC Research, Inc., Refi Term Loan B, 4.250%, 07/12/18(a)(b) | 16,711,570 | 16,534,093 | ||||||
inVentiv Health, Inc., Term Loan B4, 7.750%, 05/15/18(a)(b) | 11,200,000 | 11,067,056 |
See Notes to Financial Statements.
48
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Health Care—continued | ||||||||
JLL/Delta Dutch Newco B.V., USD Term Loan, 4.250%-5.500%, 03/11/21(a)(b)(d) | 20,109,600 | 19,617,719 | ||||||
Millennium Laboratories, Inc., Term Loan B, | 2,518,688 | 2,506,875 | ||||||
Onex Carestream Finance LP, 1st Lien Term Loan, 5.000%, 06/07/19(a)(b) | 12,525,949 | 12,499,144 | ||||||
P2 Newco Acquisition, Inc., 1st Lien Term Loan, 5.500%, 10/22/20(a)(b) | 14,148,662 | 14,139,890 | ||||||
Par Pharmaceutical Cos., Inc., Term Loan B2, 4.000%, 09/30/19(a)(b) | 19,489,372 | 19,078,731 | ||||||
PharMedium Healthcare Corp., 1st Lien Term Loan, 4.250%, 01/28/21(a)(b) | 3,880,000 | 3,792,700 | ||||||
PharMedium Healthcare Corp., 2nd Lien Term Loan, 7.750%, 01/28/22(a)(b) | 2,000,000 | 1,975,000 | ||||||
Salix Pharmaceuticals Ltd., Term Loan, 4.250%, 01/02/20(a)(b) | 10,032,829 | 9,995,205 | ||||||
Valeant Pharmaceuticals International, Inc., Series E, Term Loan B, | 24,936,878 | 24,612,699 | ||||||
Valeant Pharmaceuticals International, Inc., Series C2, Term Loan B, | 14,054,036 | 13,872,458 | ||||||
Valeant Pharmaceuticals International, Inc., Series D2, Term Loan B, | 11,098,897 | 10,963,268 | ||||||
|
| |||||||
318,546,785 | ||||||||
|
| |||||||
Healthcare-Services 0.7% | ||||||||
MPH Acquisition Holdings LLC, Term Loan, | 15,360,364 | 14,986,031 | ||||||
Regionalcare Hospital Partners, Inc., 1st Lien Term Loan, | 17,650,763 | 17,628,699 | ||||||
SBA Senior Finance II LLC, Term Loan B1, | 18,334,050 | 17,924,101 | ||||||
|
| |||||||
50,538,831 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Information Technology 3.6% |
| |||||||
Active Network, Inc. (The), 1st Lien Term Loan, 5.500%, 11/13/20(a)(b) | 7,436,339 | 7,371,272 | ||||||
Aricent Technologies, 1st Lien Term Loan, | 10,593,450 | 10,522,792 | ||||||
Avago Technologies Cayman Ltd., USD Term Loan B, 3.750%, 05/06/21(a) | 53,710,388 | 53,180,266 | ||||||
AVSC Holdings Corp., 1st Lien Term Loan, 4.500%, 01/24/21(a)(b) | 6,452,575 | 6,389,662 | ||||||
CDW LLC, New Term Loan, | 41,078,327 | 40,039,867 | ||||||
Dealertrack Technologies, Inc., Term Loan B, | 4,245,397 | 4,174,626 | ||||||
Deluxe Entertainment Services Group, Inc., Term Loan 2014, | 16,703,563 | 15,450,795 | ||||||
FIDJI Luxembourg (BC4) S.A.R.L., Initial Term Loan, | 6,547,125 | 6,571,677 | ||||||
Genesys Telecom Holdings, U.S., Inc., New Term Loan B, 4.000%, 02/07/20(a)(b) | 5,629,979 | 5,510,341 | ||||||
Internap Network Services Corp., Term Loan, | 8,867,988 | 8,845,818 | ||||||
iParadigms Holdings, LLC, 1st Lien Term Loan, 5.000%, 07/30/21(a)(b) | 6,245,000 | 6,120,100 | ||||||
IQOR US Inc., Term Loan B, 6.000%, 04/01/21(a)(b) | 29,309,048 | 26,671,233 | ||||||
Omnitracs, Inc., 1st Lien Term Loan, 4.750%, 11/25/20(a)(b) | 5,955,000 | 5,932,669 | ||||||
Presidio, Inc., 2017 Term Loan, 5.000%, 03/31/17(a)(b) | 7,769,917 | 7,755,387 | ||||||
RedTop Acquisitions Ltd., USD 1st Lien Term Loan, 4.500%, 12/03/20(a)(b) | 8,890,325 | 8,868,099 | ||||||
RedTop Acquisitions Ltd., USD 2nd Lien Term Loan, 8.250%, 06/03/21(a)(b) | 5,333,200 | 5,359,866 |
See Notes to Financial Statements.
49
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Information Technology—continued |
| |||||||
Southern Graphics, Inc., New Term Loan B, | 6,916,000 | 6,851,197 | ||||||
Spin Holdco, Inc., New Term Loan B, 4.250%, 11/14/19(a)(b) | 8,418,881 | 8,255,807 | ||||||
STG-Fairway Acquisitions, Inc., Term Loan B, | 14,262,974 | 14,236,302 | ||||||
Zebra Technologies Corp., Term Loan B, | 19,930,000 | 19,780,525 | ||||||
|
| |||||||
267,888,301 | ||||||||
|
| |||||||
Insurance 2.3% | ||||||||
Asurion LLC, Term Loan B3, 3.750%, 03/03/17(a)(b) | 4,170,000 | 4,124,839 | ||||||
Asurion LLC, New Term Loan B2, 4.250%, 07/08/20(a)(b) | 38,769,250 | 38,107,071 | ||||||
Asurion LLC, New Term Loan B1, 5.000%, 05/24/19(a)(b) | 47,308,359 | 47,030,659 | ||||||
Asurion LLC, New 2nd Lien Term Loan, 8.500%, 03/03/21(a)(b) | 34,726,489 | 35,041,111 | ||||||
Hub International Ltd., Term Loan B, 4.250%, 10/02/20(a)(b) | 13,477,913 | 13,168,999 | ||||||
La Frontera Generation LLC, Term Loan, 4.500%, 09/30/20(a)(b) | 18,321,710 | 18,075,467 | ||||||
USI, Inc., Term Loan B, 4.250%, 12/27/19(a)(b) | 12,454,138 | 12,220,623 | ||||||
|
| |||||||
167,768,769 | ||||||||
|
| |||||||
Leisure Time 0.7% | ||||||||
Amaya Holdings B.V., 1st Lien Term Loan, | 12,570,000 | 12,392,638 | ||||||
Aristocrat Leisure Ltd., Term Loan B, 09/29/21(b)(d)(e) | 3,615,000 | 3,574,331 | ||||||
Belmond Interfin Ltd., USD Term Loan B, 4.000%, 03/21/21(a)(b) | 9,840,550 | 9,684,774 | ||||||
La Quinta Intermediate Holdings LLC, Term Loan B, 4.000%, 04/14/21(a)(b) | 16,860,719 | 16,657,041 |
Shares or Principal Amount($) | Value($) | |||||||
Leisure Time—continued | ||||||||
Lions Gate Entertainment Corp., 2nd Lien Term Loan, 5.000%, 07/17/20(a)(b) | 8,290,000 | 8,310,725 | ||||||
|
| |||||||
50,619,509 | ||||||||
|
| |||||||
Lodging 5.7% | ||||||||
Boyd Gaming Corp., Term Loan B, 4.000%, 08/14/20(a)(b) | 6,474,021 | 6,368,818 | ||||||
Caesars Entertainment Operating Co., Term Loan B7, 9.750%, 01/28/18(a)(b) | 18,618,338 | 17,617,602 | ||||||
Caesars Entertainment Operating Co., Term Loan B4, 10.500%-10.750%, 10/31/16(a)(b) | 4,726,001 | 4,527,131 | ||||||
Caesars Entertainment Operating Company, Extended Term Loan B6, 6.948%- | 97,470,967 | 88,776,557 | ||||||
Caesars Entertainment Resort Properties LLC, Term Loan B, 7.000%, 10/12/20(a)(b) | 46,647,724 | 44,585,895 | ||||||
Golden Nugget, Inc., New Delayed Draw Term Loan, 5.500%, 11/21/19(a)(b) | 2,694,638 | 2,705,874 | ||||||
Golden Nugget, Inc., New Term Loan B, 5.500%, 11/21/19(a)(b) | 6,287,488 | 6,313,706 | ||||||
Hilton Worldwide Finance LLC, USD Term Loan B2, 3.500%, 10/26/20(a)(b) | 130,100,552 | 127,931,776 | ||||||
Marina District Finance Co., Inc., Term Loan B, | 8,410,988 | 8,394,166 | ||||||
Mohegan Tribal Gaming Authority, New Term Loan B, 5.500%, 11/19/19(a)(b) | 8,982,125 | 8,813,710 | ||||||
Peninsula Gaming LLC, Term Loan, 4.250%, 11/20/17(a)(b) | 5,135,015 | 5,078,838 | ||||||
Pinnacle Entertainment, Inc., Term Loan B2, | 8,435,813 | 8,316,278 |
See Notes to Financial Statements.
50
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Lodging—continued | ||||||||
Playa Resorts Holding B.V., Term Loan B, 4.000%, 08/06/19(a)(b) | 6,152,850 | 6,060,557 | ||||||
Scientific Games International, Inc., New Term Loan B, 4.250%, 10/18/20(a)(b) | 64,968,789 | 63,629,132 | ||||||
Shingle Springs Tribal Gaming Authority, Term Loan B, 6.250%, 08/29/19(a)(b) | 5,228,300 | 5,332,866 | ||||||
Starwood Property Trust, Inc., Term Loan B, | 14,068,698 | 13,835,721 | ||||||
|
| |||||||
418,288,627 | ||||||||
|
| |||||||
Machinery-Diversified 1.6% |
| |||||||
Alliance Laundry Systems LLC, Refinance Term Loan, 4.250%, 12/10/18(a)(b) | 17,817,038 | 17,601,808 | ||||||
Alliance Laundry Systems LLC, 2nd Lien Term Loan, 9.500%, 12/10/19(a)(b) | 2,454,545 | 2,472,955 | ||||||
Brand Energy & Infrastructure Services, Inc., New Term Loan B, 4.750%, 11/26/20(a)(b) | 26,380,401 | 26,266,701 | ||||||
Generac Power Systems, Inc., Term Loan B, 3.250%, 05/31/20(a)(b) | 7,707,198 | 7,557,910 | ||||||
INA Beteiligungsgesellschaft MbH, USD Term Loan E, 3.750%, 05/15/20(a)(b) | 23,955,000 | 23,730,542 | ||||||
Key Safety Systems, Inc., New 1st Lien Term Loan, 4.750%, 08/29/21(a)(b) | 4,450,000 | 4,431,087 | ||||||
NewPage Corp., Term Loan, 9.500%, 02/11/21(a)(b) | 13,785,000 | 13,771,215 | ||||||
Southwire LLC, Term Loan B, 3.250%, 02/10/21(a)(b) | 6,004,825 | 5,913,251 | ||||||
W3 Co., 1st Lien Term Loan, 5.750%, 03/13/20(a)(b) | 4,535,925 | 4,513,245 | ||||||
West Corporation, Term Loan B10, 3.250%, 06/30/18(a)(b) | 10,248,266 | 10,013,991 | ||||||
|
| |||||||
116,272,705 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Manufacturing 0.8% | ||||||||
Doosan Infracore International, Inc., Term Loan B, 4.500%, 05/28/21(a)(b) | 9,411,413 | 9,399,648 | ||||||
Gates Global, Inc., Term Loan B, 4.250%, 07/05/21(a)(b) | 14,325,000 | 14,053,398 | ||||||
Grede Holdings LLC, New Term Loan B, 4.750%, 06/02/21(a)(b) | 9,105,000 | 9,063,299 | ||||||
Mirror Bidco Corp., New Term Loan, 4.250%, 12/28/19(a)(b) | 11,764,670 | 11,580,906 | ||||||
Otter Products LLC, 2014 Term Loan, 5.750%, 06/03/20(a)(b) | 3,586,013 | 3,550,153 | ||||||
Signode Industrial Group US, Inc., USD Term Loan B, 4.000%, 05/01/21(a)(b) | 8,585,630 | 8,419,326 | ||||||
|
| |||||||
56,066,730 | ||||||||
|
| |||||||
Media 6.2% | ||||||||
Charter Communications Operating LLC, Term Loan F, 3.000%, 01/03/21(a)(b) | 8,936,875 | 8,661,351 | ||||||
Clear Channel Communications, Inc., Term Loan C, 3.804%, 01/29/16(a)(b) | 5,631,094 | 5,537,223 | ||||||
Clear Channel Communications, Inc., Term Loan B, 3.804%, 01/29/16(a)(b) | 45,601,142 | 45,116,858 | ||||||
Clear Channel Communications, Inc., Term Loan D, 6.904%, 01/30/19(a)(b)(d) | 75,999,393 | 72,525,461 | ||||||
Clear Channel Communications, Inc., USD Extended Term Loan E, 7.654%, 07/30/19(a)(b) | 83,337,285 | 81,492,198 | ||||||
Emerald Expositions Holding, Inc., Term Loan B, | 7,461,212 | 7,395,926 | ||||||
EMI Music Publishing Ltd., Term Loan B, 3.750%, 06/29/18(a)(b) | 6,969,258 | 6,851,199 |
See Notes to Financial Statements.
51
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Media—continued | ||||||||
McGraw-Hill Global Education Holdings LLC, New 1st Lien Term Loan, | 6,577,520 | 6,582,454 | ||||||
Radio One, Inc., Term Loan B, 7.500%, 03/31/16(a)(b) | 11,620,455 | 11,751,185 | ||||||
Syniverse Holdings, Inc., Term Loan, 4.000%, 04/23/19(a)(b) | 15,188,013 | 14,874,836 | ||||||
Univision Communications, Inc., Term Loan C4, 4.000%, 03/01/20(a)(b) | 32,949,139 | 32,310,914 | ||||||
Univision Communications, Inc., Term Loan C3, 4.000%, 03/02/20(a)(b) | 35,584,693 | 34,872,999 | ||||||
US Finco LLC, 1st Lien Term Loan, 4.000%, 05/29/20(a)(b) | 5,268,313 | 5,182,702 | ||||||
Village Roadshow Films (BVI) Ltd., Term Loan B, | 50,137,179 | 49,635,807 | ||||||
Ziggo B.V., USD Term Loan B2, 3.250%, 01/15/22(a)(b) | 28,596,745 | 27,667,922 | ||||||
Ziggo B.V., USD Term Loan B1, 3.250%, 01/15/22(a)(b) | 48,253,536 | 46,812,203 | ||||||
|
| |||||||
457,271,238 | ||||||||
|
| |||||||
Metals 0.3% | ||||||||
Arch Coal, Inc., Term Loan B, 6.250%, 05/16/18(a)(b) | 15,134,718 | 13,834,041 | ||||||
Atlas Iron Ltd., Term Loan B, 8.750%, 12/10/17(a)(b) | 8,853,454 | 8,764,919 | ||||||
|
| |||||||
22,598,960 | ||||||||
|
| |||||||
Metals/Minerals 0.6% | ||||||||
Atkore International, Inc., 1st Lien Term Loan, | 8,837,850 | 8,749,471 | ||||||
Atkore International, Inc., 2nd Lien Term Loan, | 2,000,000 | 1,980,000 | ||||||
Murray Energy Corp., 1st Lien Term Loan, | 13,561,850 | 13,521,571 |
Shares or Principal Amount($) | Value($) | |||||||
Metals/Minerals—continued |
| |||||||
Peabody Energy Corp., Term Loan B, 4.250%, 09/24/20(a)(b) | 20,694,499 | 20,159,960 | ||||||
|
| |||||||
44,411,002 | ||||||||
|
| |||||||
Mining 1.4% | ||||||||
FMG Resources (August 2006) Pty Ltd., New Term Loan B, 3.750%, 06/30/19(a)(b) | 105,002,485 | 102,689,280 | ||||||
Novelis, Inc., New Term Loan, 3.750%, 03/10/17(a)(b) | 3,756,132 | 3,708,016 | ||||||
|
| |||||||
106,397,296 | ||||||||
|
| |||||||
Miscellaneous Manufacturer 0.3% |
| |||||||
Boomerang Tube LLC, Term Loan, 11.000%, 10/11/17(a)(b) | 21,265,500 | 18,713,640 | ||||||
|
| |||||||
Oil & Gas 5.5% | ||||||||
Alon USA Energy, Inc., Master Limited Partnership Term Loan, 9.250%, 11/26/18(a)(b) | 16,889,573 | 17,100,692 | ||||||
Atlas Energy, L.P., Term Loan B, 6.500%, 07/31/19(a)(b) | 18,344,700 | 18,459,354 | ||||||
Bronco Midstream Funding LLC, Term Loan B, | 24,921,973 | 24,890,821 | ||||||
Citgo Petroleum Corp., New Term Loan B, 4.500%, 07/29/21(a)(b) | 10,160,000 | 10,121,900 | ||||||
Drillships Financing Holding, Inc., Term Loan B1, 6.000%, 03/31/21(a)(b) | 44,880,460 | 42,973,040 | ||||||
EMG Utica LLC, Term Loan, 4.750%, 03/27/20(a)(b) | 25,440,000 | 25,408,200 | ||||||
Energy Transfer Equity, L.P., New Term Loan, | 72,810,000 | 70,878,351 | ||||||
EP Energy LLC, Term Loan B3, 3.500%, 05/24/18(a)(b) | 15,148,964 | 14,864,921 | ||||||
EP Energy LLC, Term Loan B2, 4.500%, 04/30/19(a)(b) | 6,922,500 | 6,881,380 |
See Notes to Financial Statements.
52
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Oil & Gas—continued | ||||||||
Fieldwood Energy LLC, 1st Lien Term Loan, | 17,761,804 | 17,473,175 | ||||||
Fieldwood Energy LLC, 2nd Lien Term Loan, | 5,477,710 | 5,484,557 | ||||||
MEG Energy Corp., Refinance Term Loan, | 25,760,395 | 25,585,482 | ||||||
Obsidian Holdings LLC, Term Loan A, 6.750%, 11/02/15(a)(b) | 970,833 | 972,047 | ||||||
Obsidian Natural Gas Trust, Term Loan, 7.000%, 11/02/15(a)(b) | 10,026,423 | 10,051,489 | ||||||
Offshore Group Investment Ltd., New Term Loan B, 5.000%, 10/25/17(a)(b) | 19,140,902 | 18,315,547 | ||||||
Offshore Group Investment Ltd., Term Loan B, | 6,968,862 | 6,668,365 | ||||||
Petroleum Geo-Services ASA, New Term Loan B, 3.250%, 03/19/21(a)(b) | 19,825,375 | 19,061,305 | ||||||
Samson Investment Co., New 2nd Lien Term Loan, 5.000%, 09/25/18(a)(b) | 8,248,908 | 7,942,131 | ||||||
Sheridan Investment Partners II L.P., Term Loan B, 4.250%, 12/16/20(a)(b) | 7,104,916 | 7,016,105 | ||||||
Sheridan Investment Partners II L.P., Term Loan A, 4.250%, 12/16/20(a)(b) | 988,345 | 975,991 | ||||||
Sheridan Investment Partners II L.P., Term Loan M, 4.250%, 12/16/20(a)(b) | 368,599 | 363,991 | ||||||
Sheridan Production Partners I LLC, Term Loan B2 I-A, 4.250%, 09/25/19(a)(b) | 202,172 | 198,634 | ||||||
Sheridan Production Partners I LLC, Term Loan B2 I-M, 4.250%, 09/25/19(a)(b) | 123,488 | 121,327 |
Shares or Principal Amount($) | Value($) | |||||||
Oil & Gas—continued | ||||||||
Sheridan Production Partners I LLC, Term Loan B2, 4.250%, 10/01/19(a)(b) | 1,525,732 | 1,499,032 | ||||||
Tervita Corp., Term Loan, 6.250%, 05/15/18(a)(b) | 4,918,859 | 4,884,033 | ||||||
TPF Generation Holdings LLC, Term Loan B, | 22,638,464 | 21,931,012 | ||||||
TPF II LC LLC, Term Loan B, 6.500%, 08/21/19(a)(b) | 6,218,155 | 6,311,428 | ||||||
Western Refining, Inc., Term Loan B, 4.250%, 11/12/20(a)(b) | 20,395,875 | 20,293,896 | ||||||
|
| |||||||
406,728,206 | ||||||||
|
| |||||||
Packaging & Containers 2.0% |
| |||||||
Ardagh Holdings USA, Inc., Institutional Term Loan, 4.000%, 12/17/19(a)(b) | 7,318,225 | 7,208,452 | ||||||
Berry Plastics Holding Corp., Term Loan E, 3.750%, 01/06/21(a)(b) | 7,258,488 | 7,087,042 | ||||||
Berry Plastics Holding Corporation, Term Loan D, 3.500%, 02/08/20(a)(b) | 99,487,457 | 96,807,264 | ||||||
Caraustar Industries, Inc., Term Loan, 7.500%, 05/01/19(a)(b) | 9,590,702 | 9,614,679 | ||||||
Reynolds Group Holdings, Inc., New Dollar Term Loan, 4.000%, 12/01/18(a)(b) | 18,177,638 | 17,968,595 | ||||||
Tronox Pigments (Netherlands) BV, 2013 Term Loan, 4.000%, 03/19/20(a)(b) | 7,087,134 | 7,026,043 | ||||||
|
| |||||||
145,712,075 | ||||||||
|
| |||||||
Real Estate 1.1% | ||||||||
Alliant Holdings I, Inc., New Term Loan B, 4.250%, 12/20/19(a)(b) | 10,563,254 | 10,404,805 | ||||||
Continental Building Products LLC, 1st Lien Term Loan, 4.000%, 08/28/20(a)(b) | 15,392,899 | 15,162,006 | ||||||
CPG International, Inc., New Term Loan, 4.750%, 09/30/20(a)(b) | 5,915,175 | 5,880,690 |
See Notes to Financial Statements.
53
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Real Estate—continued | ||||||||
Four Seasons Holdings, Inc., New 1st Lien Term Loan, 3.500%, 06/27/20(a)(b) | 15,340,050 | 15,052,424 | ||||||
Four Seasons Holdings, Inc., 2nd Lien Term Loan, 6.250%, 12/28/20(a)(b) | 6,565,000 | 6,565,000 | ||||||
Istar Financial, Inc., Add on Term Loan A2, | 4,320,609 | 4,417,823 | ||||||
Quikrete Holdings, Inc., 1st Lien Term Loan, 4.000%, 09/28/20(a)(b) | 10,789,215 | 10,654,350 | ||||||
Realogy Corp., New Term Loan B, 3.750%, 03/05/20(a)(b) | 12,667,823 | 12,430,301 | ||||||
|
| |||||||
80,567,399 | ||||||||
|
| |||||||
Retail 7.1% | ||||||||
Albertson’s LLC, Term Loan B2, 4.750%, 03/21/19(a)(b) | 28,522,270 | 28,361,975 | ||||||
Camping World, Inc., Term Loan, 5.750%, 02/20/20(a)(b) | 11,578,750 | 11,578,750 | ||||||
Capital Automotive LP, New Term Loan B, 4.000%, 04/10/19(a)(b) | 48,958,199 | 48,621,856 | ||||||
Capital Automotive LP, New 2nd Lien Term Loan, 6.000%, 04/30/20(a)(b) | 15,155,000 | 15,306,550 | ||||||
Evergreen Acqco 1 LP, New Term Loan, 5.000%, 07/09/19(a)(b) | 2,642,212 | 2,600,941 | ||||||
HMK Intermediate Holdings LLC, Term Loan, | 9,084,600 | 8,948,331 | ||||||
Hudson’s Bay Co., 1st Lien Term Loan, 4.750%, 11/04/20(a)(b) | 16,508,250 | 16,484,148 | ||||||
J Crew Group, Inc., New Term Loan B, 4.000%, 03/05/21(a)(b) | 22,632,970 | 21,468,956 | ||||||
J.C. Penney Corporation, Inc., 1st Lien Term Loan, 6.000%, 05/22/18(a)(b) | 71,311,821 | 71,080,057 | ||||||
Jo-Ann Stores, Inc., Term Loan, 4.000%, 03/16/18(a)(b) | 14,829,323 | 14,223,842 |
Shares or Principal Amount($) | Value($) | |||||||
Retail—continued | ||||||||
Lands’ End, Inc., Term Loan B, 4.250%, 04/02/21(a)(b) | 24,238,200 | 23,904,925 | ||||||
Men’s Wearhouse, Inc. (The), Term Loan B, 4.500%, 06/18/21(a)(b) | 4,705,000 | 4,673,618 | ||||||
Michaels Stores, Inc., New Term Loan, 3.750%, 01/28/20(a)(b) | 12,565,938 | 12,311,980 | ||||||
Neiman Marcus Group, Inc. (The), 2020 Term Loan, 4.250%, 10/25/20(a)(b) | 87,738,105 | 86,117,582 | ||||||
Party City Holdings, Inc., Term Loan, 4.000%, 07/27/19(a)(b) | 14,041,790 | 13,783,561 | ||||||
Petco Animal Supplies, Inc., New Term Loan, | 8,551,934 | 8,461,797 | ||||||
Rite Aid Corp., Term Loan 7, 3.500%, 02/21/20(a)(b) | 10,080,141 | 9,882,772 | ||||||
Rite Aid Corp., New 2nd Lien Term Loan, | 13,350,000 | 13,266,563 | ||||||
Rite Aid Corp., 2nd Lien Term Loan, 5.750%, 08/21/20(a)(b) | 15,855,000 | 16,033,369 | ||||||
Sears Holding Corporation, Term Loan, 5.500%, 06/30/18(a)(b) | 35,907,824 | 34,875,474 | ||||||
Supervalu, Inc., Refinance Term Loan B, 4.500%, 03/21/19(a)(b) | 10,060,799 | 9,865,217 | ||||||
Toys ‘R’ Us Property Co. I LLC, New Term Loan B, 6.000%, 08/21/19(a)(b) | 31,576,388 | 30,313,332 | ||||||
Toys ‘R’ Us-Delaware, Inc., Term Loan B3, | 3,901,507 | 3,597,502 | ||||||
Toys ‘R’ Us-Delaware, Inc., New Term Loan, | 15,687,573 | 15,312,797 | ||||||
|
| |||||||
521,075,895 | ||||||||
|
| |||||||
Semiconductors 1.8% | ||||||||
Freescale Semiconductor, Inc., Term Loan B4, 4.250%, 02/28/20(a) | 85,983,761 | 84,600,283 | ||||||
Microsemi Corp., Term Loan B1, 3.250%, 02/19/20(a)(b) | 9,763,958 | 9,644,935 |
See Notes to Financial Statements.
54
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Semiconductors—continued |
| |||||||
Semiconductor Components Industries, LLC, Term Loan A, 1.985%, 01/02/18(a)(b) | 39,856,794 | 38,860,374 | ||||||
|
| |||||||
133,105,592 | ||||||||
|
| |||||||
Service 0.1% | ||||||||
4L Holdings LLC, 1st Lien Term Loan, 5.500%, 05/08/20(a)(b) | 7,465,000 | 7,421,479 | ||||||
|
| |||||||
Software 0.1% | ||||||||
Sophia, L.P., 2014 Term Loan B, 4.000%, 07/19/18(a)(b) | 9,480,951 | 9,338,737 | ||||||
|
| |||||||
Telecommunication Services 12.7% |
| |||||||
Altice Financing SA, Delayed Draw Term Loan, 5.500%, 07/02/19(a)(b) | 74,489,152 | 75,047,821 | ||||||
Arris Group, Inc., Term Loan B, 3.250%, 04/17/20(a)(b) | 9,910,008 | 9,757,195 | ||||||
Atlantic Broadband Finance LLC, New Term Loan B, 3.250%, 12/02/19(a)(b) | 3,426,458 | 3,345,080 | ||||||
Avaya, Inc., Extended Term Loan B3, 4.654%, 10/26/17(a)(b) | 33,244,579 | 31,649,836 | ||||||
Avaya, Inc., Term Loan B6, 6.500%, 03/30/18(a)(b) | 14,543,885 | 14,407,609 | ||||||
Cequel Communications LLC, Term Loan B, | 24,506,428 | 24,060,901 | ||||||
Charter Communications Operating LLC, Term Loan E, 3.000%, 07/01/20(a)(b)(d) | 41,235,015 | 39,983,120 | ||||||
Cincinnati Bell, Inc., New Term Loan B, 4.000%, 09/10/20(a)(b) | 23,488,366 | 23,253,483 | ||||||
Consolidated Communications, Inc., New Term Loan B, 4.250%, 12/23/20(a)(b) | 4,699,363 | 4,681,740 | ||||||
Crown Castle Operating Co., Term Loan B2, | 35,356,681 | 34,870,527 | ||||||
CSC Holdings, Inc., New Term Loan B, 2.654%, 04/17/20(a)(b) | 34,094,803 | 33,061,389 |
Shares or Principal Amount($) | Value($) | |||||||
Telecommunication Services—continued |
| |||||||
Cumulus Media Holdings, Inc., 2013 Term Loan, 4.250%, 12/23/20(a)(b) | 35,816,217 | 35,174,391 | ||||||
DataPipe, Inc., 1st Lien Term Loan, 5.250%, 03/15/19(a)(b) | 4,536,184 | 4,425,637 | ||||||
Evertec Group, LLC, New Term Loan A, 2.654%, 04/16/18(a)(b) | 17,850,000 | 17,574,753 | ||||||
Evertec Group, LLC, New Term Loan B, 3.500%, 04/17/20(a)(b) | 9,022,025 | 8,856,651 | ||||||
Frontier Communications Corp., Unsecured Term Loan, 3.035%, 10/14/16(a)(b) | 4,293,069 | 4,207,208 | ||||||
Integra Telecom, Inc., Term Loan B, 5.250%, 02/22/19(a)(b) | 12,969,764 | 12,860,299 | ||||||
Integra Telecom, Inc., 2nd Lien Term Loan, | 7,530,000 | 7,517,425 | ||||||
Intelsat Jackson Holdings S.A., Term Loan B2, 3.750%, 06/30/19(a)(b) | 54,278,549 | 53,328,674 | ||||||
Learfield Communications, Inc., New 1st Lien Term Loan, 4.500%, 10/09/20(a)(b) | 9,165,853 | 9,108,566 | ||||||
Level 3 Financing, Inc., Bridge Term Loan, 06/15/15(b)(d)(e) | 11,000,000 | 10,972,500 | ||||||
Level 3 Financing, Inc., New 2019 Term Loan, | 19,040,000 | 18,683,000 | ||||||
Level 3 Financing, Inc., 2020 Term Loan B, 4.000%, 01/15/20(a)(b) | 99,535,000 | 97,668,719 | ||||||
Liberty Cablevision of Puerto Rico LLC, 2014 1st Lien Term Loan, 4.500%, 01/07/22(a)(b) | 8,010,000 | 7,943,277 | ||||||
Liberty Cablevision of Puerto Rico LLC, 2014 2nd Lien Term Loan, 7.750%, 07/07/23(a)(b) | 4,945,000 | 4,901,731 | ||||||
Lightsquared LP, Term Loan B, 10/01/14(a)(b)(c)(f) | 7,236,851 | 9,407,906 |
See Notes to Financial Statements.
55
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Telecommunication Services—continued |
| |||||||
MCC Iowa LLC, Term Loan H, 3.250%, 01/29/21(a)(b) | 12,434,979 | 12,093,017 | ||||||
MCC Iowa LLC, Term Loan J, 3.750%, 06/30/21(a)(b) | 1,785,525 | 1,771,384 | ||||||
MCC Iowa LLC, Term Loan G, 4.000%, 01/20/20(a)(b) | 25,793,600 | 25,084,276 | ||||||
Media General, Inc., Delayed Draw Term Loan B, 4.250%, 07/31/20(a)(b) | 7,246,741 | 7,165,216 | ||||||
NTELOS Inc., New Term Loan B, 5.750%, 11/08/19(a)(b) | 21,490,796 | 21,442,979 | ||||||
Nuance Communications, Inc., Term Loan C, | 6,137,313 | 5,978,786 | ||||||
Quebecor Media, Inc., Term Loan B1, 3.250%, 08/17/20(a)(b) | 30,759,300 | 29,894,348 | ||||||
Sinclair Television Group, Inc., Term Loan B, | 7,628,974 | 7,492,263 | ||||||
Syniverse Holdings, Inc., Term Loan B, 4.000%, 04/23/19(a)(b) | 22,202,042 | 21,758,001 | ||||||
Telx Group, Inc. (The), 1st Lien Term Loan, | 14,129,588 | 13,877,940 | ||||||
Telx Group, Inc. (The), 2nd Lien Term Loan, | 2,000,000 | 1,983,340 | ||||||
UPC Financing Partnership, USD Term Loan AH, 3.250%, 06/30/21(a)(b) | 27,166,632 | 26,419,550 | ||||||
Van Wagner Communications LLC, New Term Loan, | 15,366,780 | 15,328,363 | ||||||
Virgin Media Bristol LLC, USD Term Loan B, | 61,685,000 | 60,002,850 | ||||||
WMG Acquisition Corp., New Term Loan, | 30,487,050 | 29,386,772 | ||||||
Zayo Group LLC, PIK, Term Loan B, | 61,769,554 | 60,796,683 | ||||||
|
| |||||||
937,225,206 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Telecommunications 1.6% | ||||||||
CompuCom Systems, Inc., Refinance Term Loan B, 4.250%, 05/11/20(a)(b) | 6,792,714 | 6,504,023 | ||||||
LTS Buyer LLC, 1st Lien Term Loan, 4.000%, 04/13/20(a)(b) | 22,845,813 | 22,422,251 | ||||||
LTS Buyer LLC, 2nd Lien Term Loan, 8.000%, 04/12/21(a)(b) | 2,286,488 | 2,273,340 | ||||||
Numericable U.S. LLC, USD Term Loan B2, | 35,296,373 | 35,018,944 | ||||||
Numericable U.S. LLC, USD Term Loan B1, 4.500%, 05/21/20(a)(b) | 40,798,627 | 40,477,950 | ||||||
Windstream Corp., Term Loan B4, | 9,076,664 | 8,958,667 | ||||||
|
| |||||||
115,655,175 | ||||||||
|
| |||||||
Transportation 1.7% | ||||||||
American Airlines, Inc., Exit Term Loan, 3.750%, 06/27/19(a)(b) | 61,896,500 | 60,751,415 | ||||||
Commercial Barge Line Co., 1st Lien Term Loan, 7.500%, 09/23/19(a)(b) | 13,046,325 | 13,062,633 | ||||||
FPC Holdings, Inc., 1st Lien Term Loan, 5.250%, 11/19/19(a)(b) | 7,147,688 | 7,067,276 | ||||||
Navios Partners Finance (US), Inc., Term Loan B, 5.250%, 06/27/18(a)(b) | 13,635,270 | 13,737,535 | ||||||
Travelport Finance (Luxembourg) S.A.R.L., 2014 Term Loan B, 6.000%, 09/02/21(a)(b) | 8,900,000 | 8,879,352 | ||||||
U.S. Shipping Corp., Term Loan, 5.500%, 04/30/18(a)(b) | 5,345,000 | 5,345,000 | ||||||
Visteon Corp., Delayed Draw Term Loan B, | 13,246,800 | 13,010,874 | ||||||
|
| |||||||
121,854,085 | ||||||||
|
| |||||||
Utilities 1.6% | ||||||||
Astoria Generating Company Acquisitions LLC, New Term Loan, 9.250%, 10/26/17(a)(b) | 7,545,486 | 7,677,532 |
See Notes to Financial Statements.
56
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Utilities—continued | ||||||||
Calpine Construction Finance Co., L.P., Original Term Loan B1, 3.250%, 05/03/20(a)(b) | 22,692,750 | 21,898,504 | ||||||
Calpine Construction Finance Co., L.P., Original Term Loan B2, 3.250%, 01/31/22(a)(b) | 12,616,851 | 12,246,294 | ||||||
Dynegy Holdings, Inc., Term Loan B2, 4.000%, 04/23/20(a)(b) | 5,368,325 | 5,319,688 | ||||||
EFS Cogen Holdings I LLC, Term Loan B, 3.750%, 12/17/20(a)(b) | 13,345,774 | 13,274,907 | ||||||
Empire Generating Co. LLC, Term Loan C, 5.250%, 03/12/21(a)(b) | 1,111,304 | 1,097,413 | ||||||
Empire Generating Co. LLC, Term Loan B, 5.250%, 03/12/21(a)(b) | 15,849,055 | 15,650,942 | ||||||
Exgen Renewables I LLC, Term Loan, 5.250%, 02/08/21(a)(b) | 9,113,355 | 9,158,922 | ||||||
Polarpak, Inc., USD 1st Lien Canadian Borrower, 4.500%-5.500%, 06/05/20(a)(b) | 5,538,628 | 5,455,548 | ||||||
Power Team Services LLC, 1st Lien Term Loan, 4.250%, 05/06/20(a)(b) | 14,581,757 | 14,253,667 | ||||||
Power Team Services LLC, Delayed Draw Term Loan, 4.250%, 05/06/20(a)(b) | 776,634 | 759,160 | ||||||
Power Team Services LLC, 2nd Lien Term Loan, 8.250%, 11/06/20(a)(b) | 7,890,000 | 7,653,300 | ||||||
Viva Alamo LLC, Term Loan B, 4.750%, 02/20/21(a)(b) | 6,641,625 | 6,558,605 | ||||||
|
| |||||||
121,004,482 | ||||||||
|
| |||||||
Wireless Communication 0.3% |
| |||||||
Aircell Business Aviation Services, LLC, Term Loan B2, 7.500%, 03/21/18(a)(b) | 5,501,038 | 5,556,049 | ||||||
GOGO LLC, Term Loan, 11.250%, 06/21/17(a)(b) | 18,515,651 | 19,441,433 | ||||||
|
| |||||||
24,997,482 | ||||||||
|
| |||||||
Total Bank Loans |
| 6,611,991,788 | ||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Corporate Bonds 4.4% | ||||||||
Airlines 0.0%(g) | ||||||||
Air Canada, 7.750%, 04/15/21(b) | 1,200,000 | 1,224,000 | ||||||
Air Canada, 8.750%, 04/01/20(b) | 1,000,000 | 1,097,500 | ||||||
|
| |||||||
2,321,500 | ||||||||
|
| |||||||
Auto Manufacturers 0.0%(a)(g) |
| |||||||
General Motors Co. Escrow, 7.200% (c)(h)(i)(j) | 10,000,000 | — | ||||||
General Motors Co. Escrow, 8.375% (c)(h)(i)(j) | 10,000,000 | — | ||||||
|
| |||||||
— | ||||||||
|
| |||||||
Commercial Services 0.1% | ||||||||
Harland Clarke Holdings Corp., 9.250%, 03/01/21(b) | 3,330,000 | 3,371,625 | ||||||
Harland Clarke Holdings Corp., 9.750%, 08/01/18(b) | 3,715,000 | 3,965,762 | ||||||
|
| |||||||
7,337,387 | ||||||||
|
| |||||||
Diversified Financial Services 0.0%(g) |
| |||||||
Infinity Acquisition LLC/Infinity Acquisition Finance Corp., 7.250%, 08/01/22(b) | 365,000 | 352,225 | ||||||
Navient LLC, 6.125%, 03/25/24, MTN | 2,000,000 | 1,950,000 | ||||||
|
| |||||||
2,302,225 | ||||||||
|
| |||||||
Electric 0.6% | ||||||||
GenOn Energy, Inc., 9.875%, 10/15/20 | 5,000,000 | 5,200,000 | ||||||
Glenn Pool Oil & Gas Trust, 6.000%, 08/02/21(b) | 33,755,485 | 34,852,538 | ||||||
NRG Energy, Inc., 6.250%, 05/01/24(b) | 4,800,000 | 4,812,000 | ||||||
|
| |||||||
44,864,538 | ||||||||
|
| |||||||
Food 0.2% | ||||||||
HJ Heinz Co., 4.250%, 10/15/20 | 13,100,000 | 13,018,125 | ||||||
Post Holdings, Inc., 6.000%, 12/15/22(b) | 1,225,000 | 1,120,875 | ||||||
|
| |||||||
14,139,000 | ||||||||
|
| |||||||
Internet 0.0%(g) | ||||||||
Zayo Escrow Corp., 10.125%, 07/01/20 | 2,365,000 | 2,666,537 | ||||||
|
|
See Notes to Financial Statements.
57
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Seix Floating Rate High Income Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Media 1.0% | ||||||||
CCO Holdings LLC/Cap Corp., 5.750%, 01/15/24 | 9,000,000 | 8,955,000 | ||||||
DISH DBS Corp., 5.000%, 03/15/23 | 30,235,000 | 29,006,703 | ||||||
DISH DBS Corp., 5.125%, 05/01/20 | 3,590,000 | 3,581,025 | ||||||
iHeartCommunications, Inc., 9.000%, 12/15/19 | 10,353,000 | 10,430,648 | ||||||
iHeartCommunications, Inc., 11.250%, 03/01/21 | 1,185,000 | 1,262,025 | ||||||
Numericable Group SA, 6.000%, 05/15/22(b) | 6,000,000 | 6,045,000 | ||||||
Numericable Group SA, 6.250%, 05/15/24(b) | 6,000,000 | 5,985,000 | ||||||
VTR Finance BV, 6.875%, 01/15/24(b) | 5,500,000 | 5,692,500 | ||||||
|
| |||||||
70,957,901 | ||||||||
|
| |||||||
Oil & Gas 0.2% | ||||||||
CITGO Petroleum Corp., 6.250%, 08/15/22(b) | 4,500,000 | 4,680,000 | ||||||
Halcon Resources Corp., 8.875%, 05/15/21 | 10,000,000 | 9,850,000 | ||||||
MEG Energy Corp., 7.000%, 03/31/24(b) | 2,275,000 | 2,354,625 | ||||||
|
| |||||||
16,884,625 | ||||||||
|
| |||||||
Pharmaceuticals 0.3% | ||||||||
Grifols Worldwide Operations Ltd., 5.250%, 04/01/22(b) | 2,260,000 | 2,231,750 | ||||||
Valeant Pharmaceuticals International, Inc., 5.625%, 12/01/21(b) | 19,000,000 | 18,928,750 | ||||||
|
| |||||||
21,160,500 | ||||||||
|
| |||||||
Retail 0.1% | ||||||||
Toys ‘R’ US-Delaware, Inc., 7.375%, 09/01/16(b) | 5,000,000 | 4,962,500 | ||||||
|
| |||||||
Telecommunication Services 1.9% |
| |||||||
Altice Financing SA, 6.500%, 01/15/22(b) | 1,675,000 | 1,716,875 | ||||||
Altice SA, 7.750%, 05/15/22(b) | 10,000,000 | 10,325,000 | ||||||
Avanti Communications Group PLC, 10.000%, 10/01/19(b) | 2,275,000 | 2,263,625 | ||||||
B Communications Ltd., 7.375%, 02/15/21(b) | 6,800,000 | 7,233,500 | ||||||
Level 3 Financing, Inc., 6.125%, 01/15/21(b) | 10,000,000 | 10,300,000 | ||||||
Level 3 Financing, Inc., 8.125%, 07/01/19 | 4,065,000 | 4,329,225 |
Shares or Principal Amount($) | Value($) | |||||||
Telecommunication Services—continued |
| |||||||
NII International Telecom SCA, 7.875%, 08/15/19(b)(c) | 2,285,000 | 1,525,238 | ||||||
NII International Telecom SCA., 11.375%, 08/15/19(b)(c) | 2,560,000 | 1,721,600 | ||||||
Softbank Corp., | 8,400,000 | 8,379,000 | ||||||
Sprint Capital Corp., 6.875%, 11/15/28 | 2,000,000 | 1,910,000 | ||||||
Sprint Capital Corp., 8.750%, 03/15/32(k) | 1,700,000 | 1,855,125 | ||||||
Sprint Corp., 7.125%, 06/15/24(b) | 5,950,000 | 5,994,625 | ||||||
Sprint Corp., 7.875%, 09/15/23(b) | 14,720,000 | 15,603,200 | ||||||
T-Mobile USA, Inc., 6.125%, 01/15/22 | 4,000,000 | 4,020,000 | ||||||
T-Mobile USA, Inc., 6.250%, 04/01/21 | 3,945,000 | 3,984,450 | ||||||
T-Mobile USA, Inc., 6.542%, 04/28/20 | 3,125,000 | 3,203,125 | ||||||
T-Mobile USA, Inc., 6.633%, 04/28/21 | 5,355,000 | 5,488,875 | ||||||
Trilogy International Partners LLC / Trilogy International Finance, Inc., 10.250%, 08/15/16(b) | 12,958,000 | 13,241,456 | ||||||
Wind Acquisition Finance SA, 7.375%, 04/23/21(b) | 28,500,000 | 28,642,500 | ||||||
Windstream Holding of the Midwest, Inc., | 7,000,000 | 6,790,000 | ||||||
|
| |||||||
138,527,419 | ||||||||
|
| |||||||
Total Corporate Bonds |
| 326,124,132 | ||||||
|
| |||||||
Municipal Bonds 0.4% | ||||||||
Puerto Rico 0.4% | ||||||||
Commonwealth of Puerto Rico, Series A, GO, 8.000%, 07/01/35 | 26,640,000 | 23,443,733 | ||||||
Puerto Rico Sales Tax Financing Corp., Series A, RB, 6.500%, 08/01/44 | 5,125,000 | 4,306,076 | ||||||
Puerto Rico Sales Tax Financing Corp., Series C, RB, 5.250%, 08/01/41 | 5,285,000 | 3,899,537 | ||||||
|
| |||||||
31,649,346 | ||||||||
|
| |||||||
Total Municipal Bonds |
| 31,649,346 | ||||||
|
|
See Notes to Financial Statements.
58
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Seix Floating Rate High Income Fund — concluded
Shares or Principal Amount($) | Value($) | |||||||
Preferred Stock 0.0%(g) | ||||||||
Diversified Financial Services 0.0%(g) |
| |||||||
GMAC Capital Trust I, Series 2, 8.125% | 94,025 | 2,502,005 | ||||||
|
| |||||||
Total Preferred Stock |
| 2,502,005 | ||||||
|
| |||||||
Common Stock 0.0%(g) | ||||||||
Energy-Alternate Sources 0.0%(g) |
| |||||||
Aventine Renewable Energy Holdings, Inc.*(d)(h) | 69,037 | 621,333 | ||||||
|
| |||||||
Total Common Stock |
| 621,333 | ||||||
|
| |||||||
Money Market Fund 3.2% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 0.00%(l) | 232,753,376 | 232,753,376 | ||||||
|
| |||||||
Total Money Market Fund |
| 232,753,376 | ||||||
|
| |||||||
Total Investments |
| 7,205,641,980 | ||||||
Other Assets in Excess of |
| 153,187,326 | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 7,358,829,306 | ||||||
|
|
* | Non-income producing security. |
(a) | Variable or floating rate security. Rate disclosed is as of September 30, 2014. |
(b) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s investment adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 90.8% of net assets as of September 30, 2014. |
(c) | Security is in default. |
(d) | All or a portion of this security has been purchased on a when-issued or delayed-delivery basis. |
(e) | The security does not have a stated settlement date and will receive a rate upon settling with the custodian. |
(f) | Bankrupt issuer. |
(g) | Less than 0.05% of Net Assets. |
(h) | The Fund’s investment adviser/subadviser has deemed this security to be illiquid based upon procedures approved by the Board of Trustees. |
(i) | Perpetual maturity. |
(j) | Valued at fair value using procedures approved by the Board of Trustees. Fair valued securities held by the Fund represent 0% of net assets as of September 30, 2014. |
(k) | All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments. |
(l) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
Investment Abbreviations
ADS | — | American Depositary Shares | ||
GO | — | General Obligation | ||
MTN | — | Medium Term Note | ||
PIK | — | Payment in-kind | ||
RB | — | Revenue Bond |
As of September 30, 2014, the Fund had the following unfunded loan commitments:
Borrower | Unfunded Commitments | Unrealized Depreciation | ||||||
Ziggo B.V. | $ | 2,498,745 | $ | (1,740 | ) | |||
Ziggo B.V. | 51,140,974 | (1,402,592 | ) | |||||
|
|
|
| |||||
$ | 53,697,058 | $ | (1,404,332 | ) | ||||
|
|
|
|
The commitments are available until the maturity date of the respective security.
See Notes to Financial Statements.
59
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Seix High Yield Fund
Shares or Principal Amount($) | Value($) | |||||||
Bank Loans 6.2% | ||||||||
Chemicals 0.6% | ||||||||
Ineos US Finance LLC, 6 Year Term Loan, 3.750%, 05/04/18(a)(b) | 4,836,266 | 4,732,141 | ||||||
|
| |||||||
Energy 0.5% | ||||||||
Templar Energy LLC, 2nd Lien Term Loan, 8.500%, 11/25/20(a)(b) | 4,610,000 | 4,465,937 | ||||||
|
| |||||||
Health Care 0.3% | ||||||||
inVentiv Health, Inc., Term Loan B4, 7.750%, 05/15/18(a)(b) | 2,120,000 | 2,094,836 | ||||||
|
| |||||||
Healthcare-Services 0.1% | ||||||||
MPH Acquisition Holdings LLC, Term Loan, 4.000%, 03/31/21(a)(b) | 992,545 | 968,357 | ||||||
|
| |||||||
Insurance 0.6% | ||||||||
Asurion LLC, New Term Loan B1, 5.000%, 05/24/19(a)(b) | 4,683,523 | 4,656,031 | ||||||
|
| |||||||
Lodging 0.4% | ||||||||
Caesars Entertainment Operating Company, Extended Term Loan B6, 6.948%-6.949%, 03/01/17(a)(b) | 3,265,931 | 2,974,610 | ||||||
|
| |||||||
Retail 2.2% | ||||||||
J.C. Penney Corporation, Inc., 1st Lien Term Loan, 6.000%, 05/22/18(a)(b) | 4,700,500 | 4,685,223 | ||||||
Lands’ End, Inc., Term Loan B, 4.250%, 04/02/21(a)(b) | 2,796,486 | 2,758,035 | ||||||
Sears Holding Corporation, Term Loan, 5.500%, 06/30/18(a)(b) | 6,679,813 | 6,487,768 | ||||||
Toys ‘R’ Us-Delaware, Inc., New Term Loan, 6.000%, 09/01/16(a)(b) | 3,996,565 | 3,901,087 | ||||||
|
| |||||||
17,832,113 | ||||||||
|
| |||||||
Semiconductors 0.0%(c) | ||||||||
Freescale Semiconductor, Inc., Term Loan B4, 4.250%, 02/28/20(b)(d) | 13,511 | 13,294 | ||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Telecommunication Services 1.1% |
| |||||||
Level 3 Financing, Inc., Bridge Term Loan, 06/15/15(a)(e) | 3,890,000 | 3,880,275 | ||||||
Virgin Media Bristol LLC, USD Term Loan B, 3.500%, 06/07/20(a)(b) | 5,305,000 | 5,160,333 | ||||||
|
| |||||||
9,040,608 | ||||||||
|
| |||||||
Telecommunications 0.4% | ||||||||
Numericable U.S. LLC, USD Term Loan B1, 4.500%, 05/21/20(a)(b) | 1,790,754 | 1,776,679 | ||||||
Numericable U.S. LLC, USD Term Loan B2, 4.500%, 05/21/20(a)(b) | 1,549,246 | 1,537,069 | ||||||
|
| |||||||
3,313,748 | ||||||||
|
| |||||||
Total Bank Loans | 50,091,675 | |||||||
|
| |||||||
Corporate Bonds 86.1% | ||||||||
Advertising 0.5% | ||||||||
CBS Outdoor Americas Capital LLC/CBS Outdoor Americas Capital Corp., 5.250%, 02/15/22(a) | 4,041,000 | 4,035,949 | ||||||
|
| |||||||
Aerospace/Defense 1.6% | ||||||||
Bombardier, Inc., 6.000%, 10/15/22(a) | 7,820,000 | 7,780,900 | ||||||
Ducommun, Inc., 9.750%, 07/15/18 | 2,280,000 | 2,465,250 | ||||||
Triumph Group, Inc., 5.250%, 06/01/22 | 2,570,000 | 2,531,450 | ||||||
|
| |||||||
12,777,600 | ||||||||
|
| |||||||
Airlines 2.2% | ||||||||
Air Canada, 6.750%, 10/01/19(a) | 7,850,000 | 8,340,625 | ||||||
American Airlines Pass Through Trust, Series 2013-2, Cl B, 5.600%, 01/15/22(a) | 5,634,413 | 5,803,445 | ||||||
United Airlines Pass Through Trust, Series 2014-1, Cl B, 4.750%, 10/11/23 | 3,420,000 | 3,461,040 | ||||||
|
| |||||||
17,605,110 | ||||||||
|
| |||||||
Banks 2.6% | ||||||||
Ally Financial, Inc., 5.125%, 09/30/24 | 3,415,000 | 3,346,700 | ||||||
Ally Financial, Inc., 7.500%, 09/15/20 | 2,825,000 | 3,255,812 |
See Notes to Financial Statements.
60
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Seix High Yield Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Banks—continued | ||||||||
Ally Financial, Inc., 8.000%, 03/15/20 | 725,000 | 844,625 | ||||||
CIT Group, Inc., 5.375%, 05/15/20 | 1,945,000 | 2,008,213 | ||||||
JPMorgan Chase & Co., Series S, 6.750%(b)(f) | 3,480,000 | 3,655,740 | ||||||
Provident Funding Associates LP/PFG Finance Corp., 6.750%, 06/15/21(a) | 5,320,000 | 5,266,800 | ||||||
Provident Funding Associates LP/PFG Finance Corp., | 2,685,000 | 2,872,950 | ||||||
|
| |||||||
21,250,840 | ||||||||
|
| |||||||
Building Materials 2.5% | ||||||||
Building Materials Corp. of America, 6.750%, 05/01/21(a) | 2,385,000 | 2,498,287 | ||||||
Cemex Finance LLC, | 7,230,000 | 8,151,825 | ||||||
Cemex SAB de CV, | 3,930,000 | 3,786,555 | ||||||
Cemex SAB de CV, | 3,280,000 | 3,468,600 | ||||||
USG Corp., 5.875%, 11/01/21(a) | 2,075,000 | 2,116,500 | ||||||
|
| |||||||
20,021,767 | ||||||||
|
| |||||||
Chemicals 0.3% | ||||||||
Nufarm Australia Ltd., 6.375%, 10/15/19 | 2,480,000 | 2,532,700 | ||||||
|
| |||||||
Coal 1.3% | ||||||||
CONSOL Energy, Inc., 5.875%, 04/15/22(a) | 4,145,000 | 4,082,825 | ||||||
Natural Resource Partners LP/NRP Finance Corp., 9.125%, 10/01/18 | 2,565,000 | 2,635,538 | ||||||
Peabody Energy Corp., 6.250%, 11/15/21(g) | 4,070,000 | 3,785,100 | ||||||
|
| |||||||
10,503,463 | ||||||||
|
| |||||||
Commercial Services 4.8% | ||||||||
Alliance Data Systems Corp., 5.375%, 08/01/22(a) | 2,260,000 | 2,192,200 | ||||||
Cenveo Corp., 6.000%, 08/01/19(a) | 4,905,000 | 4,598,438 | ||||||
Harland Clarke Holdings Corp., 6.875%, 03/01/20(a) | 5,195,000 | 5,298,900 | ||||||
Harland Clarke Holdings Corp., 9.750%, 08/01/18(a) | 8,394,000 | 8,960,595 |
Shares or Principal Amount($) | Value($) | |||||||
Commercial Services—continued |
| |||||||
Prospect Medical Holdings, Inc., 8.375%, 05/01/19(a) | 3,675,000 | 3,946,031 | ||||||
Quad/Graphics, Inc., 7.000%, 05/01/22(a) | 5,200,000 | 5,024,500 | ||||||
TMS International Corp., 7.625%, 10/15/21(a) | 8,591,000 | 8,977,595 | ||||||
|
| |||||||
38,998,259 | ||||||||
|
| |||||||
Computers 0.5% | ||||||||
j2 Global, Inc., 8.000%, 08/01/20 | 3,865,000 | 4,174,200 | ||||||
|
| |||||||
Diversified Financial Services 6.8% |
| |||||||
CNG Holdings, Inc., | 3,995,000 | 3,136,075 | ||||||
Community Choice Financial, Inc., 10.750%, 05/01/19 | 2,925,000 | 2,208,375 | ||||||
DFC Finance Corp., 10.500%, 06/15/20(a) | 3,660,000 | 3,550,200 | ||||||
Enova International, Inc., 9.750%, 06/01/21(a) | 2,740,000 | 2,740,000 | ||||||
Icahn Enterprises LP/Icahn Enterprises Finance Corp., 4.875%, 03/15/19 | 2,150,000 | 2,117,750 | ||||||
Icahn Enterprises LP/Icahn Enterprises Finance Corp., 6.000%, 08/01/20 | 4,970,000 | 5,106,675 | ||||||
ILFC E-Capital Trust I, 4.840%, 12/21/65(a)(b) | 9,900,000 | 9,330,750 | ||||||
ILFC E-Capital Trust II, 6.250%, 12/21/65(a)(b) | 2,490,000 | 2,440,200 | ||||||
Jefferies Finance LLC/JFIN Co-Issuer Corp., 7.375%, 04/01/20(a) | 2,120,000 | 2,167,700 | ||||||
Nationstar Mortgage LLC/Nationstar Capital Corp., 6.500%, 07/01/21 | 4,115,000 | 3,919,537 | ||||||
Nationstar Mortgage LLC/Nationstar Capital Corp., 6.500%, 06/01/22 | 4,125,000 | 3,908,438 | ||||||
Navient Corp., 4.875%, 06/17/19, MTN | 2,000,000 | 2,000,000 | ||||||
Navient Corp., 6.125%, 03/25/24, MTN | 6,455,000 | 6,293,625 | ||||||
SquareTwo Financial Corp., 11.625%, 04/01/17(g) | 3,570,000 | 3,561,075 | ||||||
Walter Investment Management Corp., 7.875%, 12/15/21(a)(g) | 2,630,000 | 2,590,550 | ||||||
|
| |||||||
55,070,950 | ||||||||
|
|
See Notes to Financial Statements.
61
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Seix High Yield Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Electric 2.5% | ||||||||
Dynegy, Inc., 5.875%, 06/01/23(g) | 7,055,000 | 6,578,787 | ||||||
GenOn Energy, Inc., 9.875%, 10/15/20 | 6,789,000 | 7,060,560 | ||||||
NRG Energy, Inc., 6.250%, 05/01/24(a) | 3,960,000 | 3,969,900 | ||||||
NRG Energy, Inc., 7.875%, 05/15/21 | 2,155,000 | 2,316,625 | ||||||
|
| |||||||
19,925,872 | ||||||||
|
| |||||||
Electrical Components & Equipment 0.5% |
| |||||||
GrafTech International Ltd., 6.375%, 11/15/20 | 1,075,000 | 1,066,938 | ||||||
Zebra Technologies Corp., 7.250%, 10/15/22(a) | 2,615,000 | 2,647,687 | ||||||
|
| |||||||
3,714,625 | ||||||||
|
| |||||||
Energy-Alternate Sources 0.6% |
| |||||||
First Wind Capital LLC, 10.250%, 06/01/18(a) | 4,775,000 | 5,061,500 | ||||||
|
| |||||||
Engineering & Construction 0.5% |
| |||||||
Aguila 3 SA, 7.875%, 01/31/18(a) | 3,925,000 | 4,023,125 | ||||||
|
| |||||||
Entertainment 0.8% | ||||||||
Gibson Brands, Inc., 8.875%, 08/01/18(a) | 3,607,000 | 3,525,843 | ||||||
Greektown Holdings LLC/Greektown Mothership Corp., 8.875%, 03/15/19(a)(g) | 3,005,000 | 2,989,975 | ||||||
|
| |||||||
6,515,818 | ||||||||
|
| |||||||
Environmental Control 1.0% | ||||||||
Nuverra Environmental Solutions, Inc., 9.875%, 04/15/18(g) | 8,345,000 | 8,371,078 | ||||||
|
| |||||||
Exploration & Production 0.4% | ||||||||
Jones Energy Holdings/Jones Energy Finance Corp., 6.750%, 04/01/22(a) | 3,165,000 | 3,165,000 | ||||||
|
| |||||||
Food 2.8% | ||||||||
HJ Heinz Co., 4.250%, 10/15/20 | 8,100,000 | 8,049,375 | ||||||
Post Holdings, Inc., 6.000%, 12/15/22(a)(g) | 1,580,000 | 1,445,700 | ||||||
Post Holdings, Inc., 6.750%, 12/01/21(a) | 7,140,000 | 6,765,150 | ||||||
Post Holdings, Inc., 7.375%, 02/15/22 | 6,230,000 | 6,167,700 | ||||||
|
| |||||||
22,427,925 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Forest Products & Paper 0.7% | ||||||||
Resolute Forest Products, Inc., 5.875%, 05/15/23(g) | 6,382,000 | 5,899,361 | ||||||
|
| |||||||
Gas 0.2% | ||||||||
NGL Energy Partners LP/NGL Energy Finance Corp., 5.125%, 07/15/19(a) | 1,309,000 | 1,282,820 | ||||||
|
| |||||||
Healthcare-Products 1.1% | ||||||||
Kinetic Concepts, Inc./KCI USA, Inc., 10.500%, 11/01/18 | 4,450,000 | 4,839,375 | ||||||
Physio-Control International, Inc., 9.875%, 01/15/19(a) | 1,887,000 | 2,019,090 | ||||||
Teleflex, Inc., 5.250%, 06/15/24(a) | 2,123,000 | 2,080,540 | ||||||
|
| |||||||
8,939,005 | ||||||||
|
| |||||||
Healthcare-Services 0.4% | ||||||||
HCA Holdings, Inc., 6.250%, 02/15/21 | 1,605,000 | 1,677,225 | ||||||
WellCare Health Plans, Inc., 5.750%, 11/15/20 | 1,250,000 | 1,271,875 | ||||||
|
| |||||||
2,949,100 | ||||||||
|
| |||||||
Home Builders 0.3% | ||||||||
Brookfield Residential Properties, Inc./Brookfield Residential US Corp., 6.125%, 07/01/22(a) | 2,515,000 | 2,527,575 | ||||||
|
| |||||||
Household Products/Wares 0.2% |
| |||||||
Century Intermediate Holding Co. 2, PIK, 9.750%, 02/15/19(a) | 1,368,000 | 1,439,820 | ||||||
|
| |||||||
Insurance 2.3% | ||||||||
Assured Guaranty Municipal Holdings, Inc., 6.400%, 12/15/66(a)(b) | 2,795,000 | 2,487,550 | ||||||
Assured Guaranty US Holdings, Inc., 5.000%, 07/01/24(g) | 3,600,000 | 3,637,645 | ||||||
Assured Guaranty US Holdings, Inc., Series A, 6.400%, 12/15/66(b) | 1,827,000 | 1,699,110 | ||||||
Genworth Financial, Inc., 6.150%, 11/15/66(b) | 2,805,000 | 2,468,400 | ||||||
MBIA, Inc., 6.625%, 10/01/28 | 2,540,000 | 2,590,800 | ||||||
White Mountains Re Group Ltd., 7.506%(a)(b)(f) | 4,970,000 | 5,218,500 | ||||||
|
| |||||||
18,102,005 | ||||||||
|
|
See Notes to Financial Statements.
62
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Seix High Yield Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Internet 0.2% | ||||||||
Pacnet Ltd., 9.000%, 12/12/18(a) | 1,600,000 | 1,690,000 | ||||||
|
| |||||||
Iron/Steel 0.3% | ||||||||
Steel Dynamics, Inc., 5.125%, 10/01/21(a) | 1,380,000 | 1,400,700 | ||||||
Steel Dynamics, Inc., 5.500%, 10/01/24(a) | 1,335,000 | 1,341,675 | ||||||
|
| |||||||
2,742,375 | ||||||||
|
| |||||||
Leisure Time 0.4% | ||||||||
Viking Cruises Ltd., | 2,825,000 | 3,072,188 | ||||||
|
| |||||||
Lodging 1.3% | ||||||||
Caesars Entertainment Resort Properties LLC, | 3,005,000 | 2,959,925 | ||||||
Downstream Development Authority of the Quapaw Tribe of Oklahoma, 10.500%, 07/01/19(a) | 7,255,000 | 7,654,025 | ||||||
|
| |||||||
10,613,950 | ||||||||
|
| |||||||
Media 6.0% | ||||||||
Block Communications, Inc., 7.250%, 02/01/20(a) | 3,260,000 | 3,382,250 | ||||||
CCO Holdings LLC/Cap Corp., 5.125%, 02/15/23 | 2,595,000 | 2,491,200 | ||||||
CCO Holdings LLC/Cap Corp., 5.250%, 09/30/22 | 1,015,000 | 993,431 | ||||||
CCO Holdings LLC/Cap Corp., 5.750%, 09/01/23(g) | 2,485,000 | 2,472,575 | ||||||
DISH DBS Corp., 5.000%, 03/15/23(h) | 2,625,000 | 2,518,359 | ||||||
DISH DBS Corp., 5.125%, 05/01/20 | 2,455,000 | 2,448,863 | ||||||
DISH DBS Corp., 5.875%, 07/15/22(h) | 5,915,000 | 6,033,300 | ||||||
Lee Enterprises, Inc., 9.500%, 03/15/22(a) | 2,160,000 | 2,187,000 | ||||||
McGraw-Hill Global Education Holdings LLC/McGraw-Hill Global Education Finance, 9.750%, 04/01/21 | 2,790,000 | 3,082,950 | ||||||
Nielsen Finance LLC/Neilsen Finance Co., 5.000%, 04/15/22(a) | 4,235,000 | 4,139,712 | ||||||
Numericable Group SA, 6.000%, 05/15/22(a) | 3,830,000 | 3,858,725 |
Shares or Principal Amount($) | Value($) | |||||||
Media—continued | ||||||||
Numericable Group SA, 6.250%, 05/15/24(a) | 2,045,000 | 2,039,888 | ||||||
Sinclair Television Group, Inc., 5.625%, 08/01/24(a) | 2,735,000 | 2,632,438 | ||||||
Sirius XM Radio, Inc., 6.000%, 07/15/24(a) | 2,595,000 | 2,633,925 | ||||||
Townsquare Radio LLC/Townsquare Radio, Inc., 9.000%, 04/01/19(a) | 2,920,000 | 3,146,300 | ||||||
Univision Communications, Inc., 5.125%, 05/15/23(a) | 2,590,000 | 2,622,375 | ||||||
VTR Finance BV, 6.875%, 01/15/24(a) | 2,000,000 | 2,070,000 | ||||||
|
| |||||||
48,753,291 | ||||||||
|
| |||||||
Mining 2.8% | ||||||||
First Quantum Minerals Ltd., 6.750%, 02/15/20(a) | 3,850,000 | 3,888,500 | ||||||
First Quantum Minerals Ltd., 7.000%, 02/15/21(a) | 4,850,000 | 4,916,687 | ||||||
FMG Resources August 2006 Pty Ltd., 6.875%, 04/01/22(a)(g) | 2,650,000 | 2,696,375 | ||||||
Imperial Metals Corp., 7.000%, 03/15/19(a) | 8,304,000 | 7,805,760 | ||||||
Vulcan Materials Co., 7.500%, 06/15/21 | 2,795,000 | 3,270,150 | ||||||
|
| |||||||
22,577,472 | ||||||||
|
| |||||||
Miscellaneous Manufacturer 0.8% |
| |||||||
Bombardier, Inc., | 4,120,000 | 4,125,150 | ||||||
Polymer Group, Inc., 7.750%, 02/01/19 | 2,169,000 | 2,244,915 | ||||||
|
| |||||||
6,370,065 | ||||||||
|
| |||||||
Oil & Gas 11.4% | ||||||||
Antero Resources Corp., 5.125%, 12/01/22(a) | 3,370,000 | 3,277,325 | ||||||
California Resources Corp., 5.000%, 01/15/20(a) | 1,305,000 | 1,324,575 | ||||||
California Resources Corp., 5.500%, 09/15/21(a) | 1,305,000 | 1,324,575 | ||||||
California Resources Corp., 6.000%, 11/15/24(a) | 1,305,000 | 1,340,888 | ||||||
Chesapeake Energy Corp., 6.875%, 11/15/20 | 1,930,000 | 2,151,950 | ||||||
CITGO Petroleum Corp., 6.250%, 08/15/22(a) | 2,550,000 | 2,652,000 | ||||||
EnQuest PLC, 7.000%, 04/15/22(a) | 3,900,000 | 3,678,187 |
See Notes to Financial Statements.
63
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Seix High Yield Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Oil & Gas—continued | ||||||||
Hercules Offshore, Inc., 7.500%, 10/01/21(a)(g) | 2,580,000 | 2,076,900 | ||||||
Hilcorp Energy I LP/Hilcorp Finance Co., 5.000%, 12/01/24(a) | 4,270,000 | 4,109,875 | ||||||
KCA Deutag UK Finance PLC, 7.250%, 05/15/21(a) | 2,670,000 | 2,536,500 | ||||||
Linn Energy LLC/Linn Energy Finance Corp., 6.500%, 05/15/19 | 7,600,000 | 7,448,000 | ||||||
Linn Energy LLC/Linn Energy Finance Corp., 6.500%, 09/15/21 | 1,295,000 | 1,262,625 | ||||||
Linn Energy LLC/Linn Energy Finance Corp., 8.625%, 04/15/20 | 3,540,000 | 3,659,475 | ||||||
MEG Energy Corp., 6.375%, 01/30/23(a) | 7,395,000 | 7,459,706 | ||||||
North Atlantic Drilling Ltd., 6.250%, 02/01/19(a) | 6,355,000 | 5,719,500 | ||||||
Oasis Petroleum, Inc., 6.875%, 01/15/23 | 2,860,000 | 3,010,150 | ||||||
Offshore Drilling Holding SA, 8.625%, 09/20/20(a) | 5,675,000 | 6,001,312 | ||||||
Petroleos de Venezuela SA, 6.000%, 11/15/26(a) | 4,135,000 | 2,150,200 | ||||||
PetroQuest Energy, Inc., 10.000%, 09/01/17 | 2,470,000 | 2,578,063 | ||||||
Precision Drilling Corp., 5.250%, 11/15/24(a) | 2,167,000 | 2,091,155 | ||||||
Range Resources Corp., 5.000%, 03/15/23 | 7,150,000 | 7,364,500 | ||||||
Rex Energy Corp., 8.875%, 12/01/20 | 3,721,000 | 4,000,075 | ||||||
Sanchez Energy Corp., 6.125%, 01/15/23(a) | 1,490,000 | 1,475,547 | ||||||
SandRidge Energy, Inc., 7.500%, 03/15/21(h) | 2,990,000 | 2,915,250 | ||||||
SandRidge Energy, Inc., 8.125%, 10/15/22 | 2,150,000 | 2,147,313 | ||||||
Seadrill Ltd., 6.125%, 09/15/17(a) | 3,420,000 | 3,407,175 | ||||||
United Refining Co., 10.500%, 02/28/18 | 4,664,000 | 4,967,160 | ||||||
|
| |||||||
92,129,981 | ||||||||
|
| |||||||
Oil & Gas Services 0.8% | ||||||||
Hornbeck Offshore Services, Inc., 5.000%, 03/01/21 | 6,455,000 | 6,132,250 | ||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Pharmaceuticals 1.6% | ||||||||
Catamaran Corp., 4.750%, 03/15/21 | 4,755,000 | 4,573,716 | ||||||
Grifols Worldwide Operations Ltd., 5.250%, 04/01/22(a) | 4,255,000 | 4,201,812 | ||||||
Valeant Pharmaceuticals International, 7.000%, 10/01/20(a) | 3,900,000 | 4,075,500 | ||||||
|
| |||||||
12,851,028 | ||||||||
|
| |||||||
Pipelines 2.8% | ||||||||
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp., 6.125%, 03/01/22 | 3,965,000 | 3,974,912 | ||||||
MarkWest Energy Partners LP/MarkWest Energy Finance Corp., 5.500%, 02/15/23 | 2,035,000 | 2,080,788 | ||||||
Regency Energy Partners LP/Regency Energy Finance Corp., 5.000%, 10/01/22 | 1,170,000 | 1,152,450 | ||||||
Regency Energy Partners LP/Regency Energy Finance Corp., 5.875%, 03/01/22 | 3,014,000 | 3,134,560 | ||||||
Sabine Pass Liquefaction LLC, 5.625%, 02/01/21 | 10,085,000 | 10,362,337 | ||||||
Targa Resources Partners LP/Targa Resources Partners Finance Corp., 5.250%, 05/01/23 | 2,064,000 | 2,105,280 | ||||||
|
| |||||||
22,810,327 | ||||||||
|
| |||||||
Real Estate 1.5% | ||||||||
CBRE Services, Inc., 5.000%, 03/15/23 | 4,135,000 | 4,093,237 | ||||||
Howard Hughes Corp., 6.875%, 10/01/21(a) | 7,800,000 | 8,053,500 | ||||||
|
| |||||||
12,146,737 | ||||||||
|
| |||||||
Real Estate Investment Trust 0.8% |
| |||||||
iStar Financial, Inc., 5.000%, 07/01/19 | 4,310,000 | 4,148,375 | ||||||
MPT Operating Partnership LP/MPT Finance Corp., 5.500%, 05/01/24 | 2,495,000 | 2,551,138 | ||||||
|
| |||||||
6,699,513 | ||||||||
|
| |||||||
Retail 2.8% | ||||||||
GameStop Corp., 5.500%, 10/01/19(a)(g) | 2,090,000 | 2,063,875 |
See Notes to Financial Statements.
64
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Seix High Yield Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Retail—continued | ||||||||
Guitar Center, Inc., 6.500%, 04/15/19(a)(g) | 1,653,000 | 1,487,700 | ||||||
Limited Brands, Inc., 6.625%, 04/01/21 | 3,130,000 | 3,443,000 | ||||||
Sears Holdings Corp., 6.625%, 10/15/18(g) | 13,315,000 | 11,916,925 | ||||||
Toys ‘R’ US-Delaware, Inc., 7.375%, 09/01/16(a)(g) | 3,465,000 | 3,439,012 | ||||||
|
| |||||||
22,350,512 | ||||||||
|
| |||||||
Semiconductors 0.9% | ||||||||
Advanced Micro Devices, Inc., 7.000%, 07/01/24(g) | 2,450,000 | 2,339,750 | ||||||
Micron Technology, Inc., 5.875%, 02/15/22(a) | 4,325,000 | 4,476,375 | ||||||
|
| |||||||
6,816,125 | ||||||||
|
| |||||||
Software 0.2% | ||||||||
Audatex North America, Inc., 6.000%, 06/15/21(a) | 1,832,000 | 1,877,800 | ||||||
|
| |||||||
Telecommunication Services 11.6% |
| |||||||
Altice Financing SA, 6.500%, 01/15/22(a) | 4,530,000 | 4,643,250 | ||||||
Altice SA, 7.750%, 05/15/22(a) | 1,685,000 | 1,739,763 | ||||||
Avanti Communications Group PLC, 10.000%, 10/01/19(a) | 10,115,000 | 10,064,425 | ||||||
Avaya, Inc., 7.000%, 04/01/19(a) | 2,665,000 | 2,585,050 | ||||||
Avaya, Inc., 9.000%, 04/01/19(a) | 2,565,000 | 2,584,237 | ||||||
B Communications Ltd., 7.375%, 02/15/21(a) | 3,735,000 | 3,973,106 | ||||||
CenturyLink, Inc., Series V, 5.625%, 04/01/20 | 2,075,000 | 2,140,363 | ||||||
DigitalGlobe, Inc., 5.250%, 02/01/21(a)(g) | 2,685,000 | 2,577,600 | ||||||
Level 3 Financing, Inc., 6.125%, 01/15/21(a) | 7,000,000 | 7,210,000 | ||||||
Level 3 Financing, Inc., 8.125%, 07/01/19 | 1,610,000 | 1,714,650 | ||||||
Level 3 Financing, Inc., 8.625%, 07/15/20 | 6,990,000 | 7,566,675 | ||||||
NII International Telecom SCA., 11.375%, 08/15/19(a)(g)(i) | 6,700,000 | 4,505,750 | ||||||
Sprint Capital Corp., 6.875%, 11/15/28(h) | 6,185,000 | 5,906,675 |
Shares or Principal Amount($) | Value($) | |||||||
Telecommunication Services—continued |
| |||||||
Sprint Capital Corp., 8.750%, 03/15/32(h) | 2,270,000 | 2,477,137 | ||||||
Sprint Corp., 7.875%, 09/15/23(a) | 5,020,000 | 5,321,200 | ||||||
T-Mobile USA, Inc., 6.000%, 03/01/23(g) | 3,305,000 | 3,300,869 | ||||||
T-Mobile USA, Inc., 6.375%, 03/01/25 | 3,305,000 | 3,296,737 | ||||||
T-Mobile USA, Inc., 6.633%, 04/28/21 | 4,865,000 | 4,986,625 | ||||||
Tw telecom holdings, Inc., 5.375%, 10/01/22 | 3,855,000 | 4,144,125 | ||||||
ViaSat, Inc., 6.875%, 06/15/20 | 5,985,000 | 6,344,100 | ||||||
Wind Acquisition Finance SA, 7.375%, 04/23/21(a) | 6,885,000 | 6,919,425 | ||||||
|
| |||||||
94,001,762 | ||||||||
|
| |||||||
Transportation 2.3% | ||||||||
CHC Helicopter SA, 9.250%, 10/15/20(h) | 3,906,000 | 4,159,890 | ||||||
Eletson Holdings, 9.625%, 01/15/22(a)(g) | 4,865,000 | 4,962,300 | ||||||
Florida East Coast Holdings Corp., 6.750%, 05/01/19(a) | 3,035,000 | 3,095,700 | ||||||
Navios Maritime Acquisition Corp./Navios Acquisition Finance US, Inc., 8.125%, 11/15/21(a) | 3,069,000 | 2,961,585 | ||||||
Navios Maritime Holdings, Inc./Navios Maritime Finance II US, Inc., 7.375%, 01/15/22(a) | 3,520,000 | 3,344,000 | ||||||
|
| |||||||
18,523,475 | ||||||||
|
| |||||||
Trucking & Leasing 0.2% | ||||||||
Flexi-Van Leasing, Inc., 7.875%, 08/15/18(a) | 1,600,000 | 1,668,000 | ||||||
|
| |||||||
Total Corporate Bonds | 695,142,318 | |||||||
|
| |||||||
Short-Term Investment 9.7% | ||||||||
RidgeWorth Funds Securities Lending Joint Account(j) | 78,051,930 | 78,051,930 | ||||||
|
| |||||||
Total Short-Term Investment | 78,051,930 | |||||||
|
|
See Notes to Financial Statements.
65
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Seix High Yield Fund — concluded
Shares or Principal Amount($) | Value($) | |||||||
Money Market Fund 1.2% | ||||||||
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(k) | 9,983,130 | 9,983,130 | ||||||
|
| |||||||
Total Money Market Fund (Cost $9,983,130) | 9,983,130 | |||||||
|
| |||||||
Total Investments |
| 833,269,053 | ||||||
Liabilities in Excess of Other Assets — (3.2)% | (25,549,537 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 807,719,516 | ||||||
|
|
(a) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s investment adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 54.8% of net assets as of September 30, 2014. |
(b) | Variable or floating rate security. Rate disclosed is as of September 30, 2014. |
(c) | Less than 0.05% of Net Assets. |
(d) | All or a portion of this security has been purchased on a when-issued or delayed-delivery basis. |
(e) | The security does not have a stated settlement date and will receive a rate upon settling with the custodian. |
(f) | Perpetual maturity. |
(g) | The security or a partial position of the security was on loan as of September 30, 2014. The total value of securities on loan as of September 30, 2014 was $76,698,712. |
(h) | All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments. |
(i) | Security is in default. |
(j) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2014 (See Note 2(k)). |
(k) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
Investment Abbreviations
MTN | — | Medium Term Note | ||
PIK | — | Payment in-kind |
Centrally Cleared Credit Default Swap Contracts — Sell Protection
Underlying Instrument | Broker (Exchange) | Notional Amount | Fixed Rate | Expiration Date | Implied Credit Spread* | Value | Unrealized Depreciation | |||||||||||||||||||
CDX.NA.HY.22 | Credit Suisse First Boston (CME) | $ | 13,365,000 | 5.000 | % | 06/20/19 | 35.317 | % | $808,692 | $ | (46,322 | ) | ||||||||||||||
CDX.NA.HY.22 | JPMorgan (CME) | 8,415,000 | 5.000 | 06/20/19 | 35.317 | 509,176 | (40,948 | ) | ||||||||||||||||||
|
|
|
| |||||||||||||||||||||||
$ | 1,317,868 | $ | (87,270 | ) | ||||||||||||||||||||||
|
|
|
|
The notional amount represents the maximum potential amount the Fund could be required to pay as seller of credit protection if a credit event occurs, as defined under the terms of the swap contract, for each security included in CDX.NA.HY.22.
The value column indicates the impact each respective swap agreement has on the Fund’s Net Assets at September 30, 2014.
* | Implied credit spreads serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular reference entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the reference entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
See Notes to Financial Statements.
66
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Short-Term Bond Fund
Shares or Principal Amount($) | Value($) | |||||||
Asset-Backed Securities 16.2% |
| |||||||
Automobiles 6.8% |
| |||||||
AmeriCredit Automobile Receivables Trust, Series 2014-2, Cl A2A, 0.540%, 10/10/17 | 295,000 | 295,029 | ||||||
California Republic Auto Receivables Trust, Series 2014-1, Cl A3, 0.850%, 05/15/18 | 235,000 | 234,837 | ||||||
Ford Credit Auto Owner Trust, Series 2014-A, Cl A3, 0.790%, 05/15/18 | 610,000 | 609,962 | ||||||
Honda Auto Receivables Owner Trust, Series 2011-3, Cl A4, 1.170%, 12/21/17 | 500,000 | 501,109 | ||||||
Honda Auto Receivables Owner Trust, Series 2013-2, Cl A3, 0.530%, 02/16/17 | 530,000 | 530,269 | ||||||
|
| |||||||
2,171,206 | ||||||||
|
| |||||||
Credit Card 4.1% |
| |||||||
BA Credit Card Trust, Series 2014-A2, Cl A, 0.424%, 09/16/19(a) | 430,000 | 430,420 | ||||||
Capital One Multi-Asset Execution Trust, Series 2013-A3, Cl A3, 0.960%, 09/16/19 | 370,000 | 368,923 | ||||||
Chase Issuance Trust, Series 2014-A1, Cl A1, 1.150%, 01/15/19 | 515,000 | 514,567 | ||||||
|
| |||||||
1,313,910 | ||||||||
|
| |||||||
Other 3.3% |
| |||||||
AEP Texas Central Transition Funding III LLC, Series 2012-1, Cl A1, 0.880%, 12/01/18 | 473,101 | 473,843 | ||||||
Centerpoint Energy Transition Bond Co. II LLC, Series 2005-A, Cl A4, 5.170%, 08/01/19 | 138,173 | 146,394 | ||||||
CenterPoint Energy Transition Bond Co. IV LLC, Series 2012-1, Cl A1, 0.901%, 04/15/18 | 321,027 | 321,815 | ||||||
FPL Recovery Funding LLC, Series 2007-A, Cl A3, 5.127%, 08/01/17 | 64,699 | 66,147 | ||||||
Oncor Electric Delivery Transition Bond Co. LLC, Series 2004-1, Cl A3, 5.290%, 05/15/18 | 59,157 | 61,622 | ||||||
|
| |||||||
1,069,821 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Student Loan Asset Backed Security 2.0% |
| |||||||
SLM Student Loan Trust, Series 2013-1, Cl A2, 0.405%, 09/25/19(a) | 390,000 | 389,436 | ||||||
SLM Student Loan Trust, Series 2013-5, Cl A1, 0.415%, 05/25/18(a) | 243,518 | 243,532 | ||||||
|
| |||||||
632,968 | ||||||||
|
| |||||||
Total Asset-Backed Securities | 5,187,905 | |||||||
|
| |||||||
Collateralized Mortgage Obligations 13.3% |
| |||||||
Agency Collateralized Planned Amortization Class Mortgage Obligations 0.3% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series 3864, Cl KM, REMIC, 3.000%, 02/15/41 | 107,172 | 110,878 | ||||||
|
| |||||||
Commercial Mortgage Backed Securities 13.0% |
| |||||||
Citigroup Commercial Mortgage Trust | ||||||||
Series 2012-GC8, Cl A1, 0.685%, 09/10/45 | 63,292 | 63,242 | ||||||
|
| |||||||
Commercial Mortgage Trust | ||||||||
Series 2005-C6, Cl AJ, 5.209%, 06/10/44(a) | 335,000 | 344,595 | ||||||
|
| |||||||
Credit Suisse Commercial Mortgage Trust | ||||||||
Series 2006-C3, Cl A3, 5.999%, 06/15/38(a) | 296,760 | 314,307 | ||||||
Series 2006-C5, Cl A3, 5.311%, 12/15/39 | 554,192 | 591,605 | ||||||
|
| |||||||
905,912 | ||||||||
|
| |||||||
CS First Boston Mortgage Securities Corp. | ||||||||
Series 2005-C5, Cl AM, 5.100%, 08/15/38(a) | 595,000 | 613,587 | ||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Series 2014-M2, Cl ASQ2, 0.478%, 09/25/15 | 213,819 | 213,748 | ||||||
|
| |||||||
GS Mortgage Securities Trust | ||||||||
Series 2011-GC5, Cl A2, 2.999%, 08/10/44 | 275,000 | 283,619 | ||||||
Series 2013-GC14, Cl A1, 1.217%, 08/10/46 | 80,911 | 81,012 | ||||||
|
| |||||||
364,631 | ||||||||
|
|
See Notes to Financial Statements.
67
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Short-Term Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Commercial Mortgage Backed Securities—continued |
| |||||||
JPMorgan Chase Commercial Mortgage Securities Trust | ||||||||
Series 2010-C2, Cl A2, 3.616%, 11/15/43(b) | 140,000 | 147,134 | ||||||
|
| |||||||
LB-UBS Commercial Mortgage Trust | ||||||||
Series 2006-C7, Cl A3, 5.347%, 11/15/38 | 365,000 | 391,992 | ||||||
|
| |||||||
Morgan Stanley Bank of America Merrill Lynch Trust | ||||||||
Series 2013-C12, Cl A1, 1.313%, 10/15/46 | 565,794 | 564,907 | ||||||
Series 2014-C14, Cl A1, 1.250%, 02/15/47 | 162,834 | 161,780 | ||||||
|
| |||||||
726,687 | ||||||||
|
| |||||||
Wachovia Bank Commercial Mortgage Trust | ||||||||
Series 2005-C22, Cl A4, 5.449%, 12/15/44(a) | 367,967 | 380,724 | ||||||
|
| |||||||
4,152,252 | ||||||||
|
| |||||||
Total Collateralized Mortgage Obligations | 4,263,130 | |||||||
|
| |||||||
Corporate Bonds 28.9% |
| |||||||
Auto Manufacturers 0.6% |
| |||||||
PACCAR Financial Corp., 0.833%, 12/06/18, MTN(a) | 200,000 | 201,980 | ||||||
|
| |||||||
Banks 11.4% |
| |||||||
Bank of America Corp., 3.625%, 03/17/16, MTN | 500,000 | 518,084 | ||||||
Bank of Nova Scotia, 0.428%, 02/19/15 | 280,000 | 280,210 | ||||||
Citigroup, Inc., 1.350%, 03/10/17 | 325,000 | 324,125 | ||||||
Credit Suisse New York, 1.375%, 05/26/17, MTN | 580,000 | 576,720 | ||||||
Fifth Third Bank, 0.900%, 02/26/16 | 215,000 | 215,407 | ||||||
Goldman Sachs Group, Inc. (The), 5.950%, 01/18/18 | 470,000 | 526,162 | ||||||
JPMorgan Chase & Co., 6.125%, 06/27/17 | 335,000 | 373,428 | ||||||
Morgan Stanley, 5.375%, 10/15/15 | 270,000 | 282,769 | ||||||
Wells Fargo & Co., 1.250%, 07/20/16 | 560,000 | 563,257 | ||||||
|
| |||||||
3,660,162 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Commercial Services 1.0% |
| |||||||
ERAC USA Finance LLC, 1.400%, 04/15/16(b) | 335,000 | 337,368 | ||||||
|
| |||||||
Computers 1.0% |
| |||||||
EMC Corp., 1.875%, 06/01/18 | 324,000 | 322,087 | ||||||
|
| |||||||
Diversified Financial Services 4.4% |
| |||||||
American Express Credit Corp., 1.300%, 07/29/16 | 550,000 | 553,669 | ||||||
Ford Motor Credit Co. LLC, 5.000%, 05/15/18 | 140,000 | 152,900 | ||||||
General Electric Capital Corp., 2.450%, 03/15/17, MTN | 460,000 | 473,797 | ||||||
Woodside Finance Ltd., 4.500%, 11/10/14(b) | 220,000 | 220,910 | ||||||
|
| |||||||
1,401,276 | ||||||||
|
| |||||||
Electric 0.7% |
| |||||||
Duke Energy Corp., 0.615%, 04/03/17(a) | 85,000 | 85,296 | ||||||
Duke Energy Corp., 3.350%, 04/01/15 | 135,000 | 136,956 | ||||||
|
| |||||||
222,252 | ||||||||
|
| |||||||
Healthcare-Services 0.7% |
| |||||||
UnitedHealth Group, Inc., 1.875%, 11/15/16 | 210,000 | 213,693 | ||||||
|
| |||||||
Information Technology 1.3% |
| |||||||
Oracle Corp., 0.433%, 07/07/17(a) | 410,000 | 410,450 | ||||||
|
| |||||||
Insurance 3.1% |
| |||||||
MetLife, Inc., 6.750%, 06/01/16 | 480,000 | 526,638 | ||||||
Prudential Covered Trust, 2.997%, 09/30/15(b) | 465,000 | 474,668 | ||||||
|
| |||||||
1,001,306 | ||||||||
|
| |||||||
Oil & Gas 1.1% |
| |||||||
BP Capital Markets PLC, 3.200%, 03/11/16 | 195,000 | 201,959 | ||||||
Ensco PLC, 3.250%, 03/15/16 | 157,000 | 161,720 | ||||||
|
| |||||||
363,679 | ||||||||
|
| |||||||
Pipelines 1.0% |
| |||||||
Kinder Morgan Energy Partners LP, 5.950%, 02/15/18 | 187,000 | 209,151 | ||||||
Spectra Energy Partners LP, 2.950%, 09/25/18 | 95,000 | 97,929 | ||||||
|
| |||||||
307,080 | ||||||||
|
| |||||||
Semiconductors 0.6% |
| |||||||
TSMC Global Ltd., 1.625%, 04/03/18(b) | 200,000 | 197,491 | ||||||
|
|
See Notes to Financial Statements.
68
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Short-Term Bond Fund — concluded
Shares or Principal Amount($) | Value($) | |||||||
Telecommunication Services 2.0% |
| |||||||
American Tower Corp., 4.500%, 01/15/18 | 135,000 | 144,115 | ||||||
AT&T, Inc., 5.500%, 02/01/18 | 293,000 | 327,677 | ||||||
Verizon Communications, Inc., 2.500%, 09/15/16 | 160,000 | 164,207 | ||||||
|
| |||||||
635,999 | ||||||||
|
| |||||||
Total Corporate Bonds | 9,274,823 | |||||||
|
| |||||||
Municipal Bonds 3.9% | ||||||||
New Jersey 1.6% | ||||||||
New Jersey Economic Development Authority, Series Q, RB, 1.096%, 06/15/16 | 530,000 | 528,967 | ||||||
|
| |||||||
South Carolina 2.3% | ||||||||
South Carolina State Public Service Authority, Series D, RB, 1.257%, 06/01/16(a) | 725,000 | 729,821 | ||||||
|
| |||||||
Total Municipal Bonds | 1,258,788 | |||||||
|
| |||||||
U.S. Government Agency Mortgages 2.8% |
| |||||||
Federal National Mortgage Association | ||||||||
Pool #745935, 5.683%, 08/01/16 | 314,752 | 334,366 | ||||||
Pool #AX3644, 2.406%, 10/01/44(a) | 533,000 | 544,836 | ||||||
|
| |||||||
Total U.S. Government Agency Mortgages | 879,202 | |||||||
|
| |||||||
U.S. Treasury Obligations 32.7% |
| |||||||
U.S. Treasury Notes 32.7% | ||||||||
0.250%, 01/15/15 | 1,030,000 | 1,030,603 | ||||||
1.000%, 03/31/17 | 1,326,000 | 1,330,040 | ||||||
0.625%, 08/31/17 | 4,449,000 | 4,390,260 | ||||||
0.625%, 09/30/17 | 3,800,000 | 3,744,186 | ||||||
|
| |||||||
Total U.S. Treasury Obligations | 10,495,089 | |||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Money Market Fund 7.2% |
| |||||||
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 0.00%(c) | 2,320,050 | 2,320,050 | ||||||
|
| |||||||
Total Money Market Fund | 2,320,050 | |||||||
|
| |||||||
Total Investments (Cost $33,643,440) — 105.0% | 33,678,987 | |||||||
Liabilities in Excess of Other Assets — (5.0)% | (1,616,445 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 32,062,542 | ||||||
|
|
(a) | Variable or floating rate security. Rate disclosed is as of September 30, 2014. |
(b) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s investment adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 4.3% of net assets as of September 30, 2014. |
(c) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
Investment Abbreviations
MTN | — | Medium Term Note | ||
RB | — | Revenue Bond | ||
REMIC | — | Real Estate Mortgage Investment Conduit |
See Notes to Financial Statements.
69
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Short-Term Municipal Bond Fund
Shares or Principal Amount($) | Value($) | |||||||
Municipal Bonds 92.8% | ||||||||
California 11.7% | ||||||||
Bay Area Toll Authority, Series C, RB, 1.875%, 04/01/47(a) | 1,870,000 | 1,906,671 | ||||||
Los Angeles County Regional Financing Authority, Series B-1, RB, 3.000%, 11/15/21, CA MTG INS | 1,500,000 | 1,522,860 | ||||||
San Diego County Regional Airport Authority, RB, 2.537%, 07/01/18 | 300,000 | 303,618 | ||||||
South Orange County Public Financing Authority, Series A, 5.000%, 08/15/20(b) | 500,000 | 591,050 | ||||||
South Orange County Public Financing Authority, Series A, 5.000%, 08/15/21 | 400,000 | 476,380 | ||||||
|
| |||||||
4,800,579 | ||||||||
|
| |||||||
Georgia 1.4% | ||||||||
Private Colleges & Universities Authority, RB, 5.000%, 04/01/20(b)(c) | 500,000 | 570,795 | ||||||
|
| |||||||
Guam 2.7% | ||||||||
Guam Power Authority, Series A, RB, 5.000%, 10/01/20, AGM | 920,000 | 1,085,066 | ||||||
|
| |||||||
Hawaii 1.0% | ||||||||
Hawaii State, GO, 5.000%, 05/01/15 | 400,000 | 411,416 | ||||||
|
| |||||||
Illinois 9.9% | ||||||||
Chicago, Series A, GO, 4.000%, 01/01/20 | 1,225,000 | 1,292,620 | ||||||
Chicago Public Building Commission, RB, 5.250%, 12/01/18, NATL-RE | 1,500,000 | 1,688,790 | ||||||
Illinois State, GO, 4.000%, 02/01/18 | 1,000,000 | 1,070,200 | ||||||
|
| |||||||
4,051,610 | ||||||||
|
| |||||||
Louisiana 3.0% | ||||||||
Louisiana State University & Agricultural & Mechanical College, RB, 5.000%, 07/01/21(b)(c) | 1,035,000 | 1,236,359 | ||||||
|
| |||||||
Maryland 5.2% | ||||||||
Harford County, GO, 5.000%, 07/01/15 | 1,500,000 | 1,555,065 |
Shares or Principal Amount($) | Value($) | |||||||
Maryland—continued | ||||||||
Maryland State Transportation Authority, Transportation Facilities Project, RB, 5.000%, 07/01/23(b) | 500,000 | 567,025 | ||||||
|
| |||||||
2,122,090 | ||||||||
|
| |||||||
Massachusetts 6.2% | ||||||||
Commonwealth of Massachusetts, Series A, GO, 0.040%, 12/01/30(a) | 1,500,000 | 1,500,000 | ||||||
Massachusetts School Building Authority, Series A, RB, 5.000%, 08/15/30, Pre-refunded 08/15/2015 @ 100, AGM | 1,000,000 | 1,042,300 | ||||||
|
| |||||||
2,542,300 | ||||||||
|
| |||||||
Michigan 10.5% | ||||||||
Michigan Finance Authority, Series E, RB, 2.850%, 08/20/15, State Aid Withholding | 2,600,000 | 2,609,828 | ||||||
University of Michigan, Series A, RB, 0.040%, 04/01/38(a)(b) | 1,700,000 | 1,700,000 | ||||||
|
| |||||||
4,309,828 | ||||||||
|
| |||||||
Mississippi 2.0% | ||||||||
Mississippi Development Bank, RB, 5.000%, 11/01/20, Pre-refunded 11/01/2014 @ 100, AMBAC | 815,000 | 818,423 | ||||||
|
| |||||||
New Jersey 6.5% | ||||||||
New Jersey Economic Development Authority, Series O, RB, 5.250%, 03/01/25, Pre-refunded 03/01/2015 @ 100(b) | 1,500,000 | 1,532,235 | ||||||
New Jersey Economic Development Authority, Series PP, RB, 5.000%, 06/15/18 | 1,000,000 | 1,121,560 | ||||||
|
| |||||||
2,653,795 | ||||||||
|
| |||||||
New York 6.3% | ||||||||
New York City Transitional Finance Authority Future Tax Secured Revenue, RB, 5.000%, 11/01/15 | 1,000,000 | 1,052,460 | ||||||
New York State Dormitory Authority, Series A, RB, 5.000%, 03/15/15 | 400,000 | 408,896 |
See Notes to Financial Statements.
70
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Short-Term Municipal Bond Fund — concluded
Shares or Principal Amount($) | Value($) | |||||||
New York—continued | ||||||||
Tobacco Settlement Financing Corp., Series B, RB, 5.000%, 06/01/22 | 1,000,000 | 1,111,400 | ||||||
|
| |||||||
2,572,756 | ||||||||
|
| |||||||
Oklahoma 1.0% | ||||||||
Oklahoma City, GO, 4.000%, 03/01/15 | 400,000 | 406,548 | ||||||
|
| |||||||
Texas 17.1% | ||||||||
City Public Service Board of San Antonio, RB, 4.000%, 02/01/15 | 1,000,000 | 1,012,990 | ||||||
City Public Service Board of San Antonio, RB, 5.000%, 02/01/19(b)(c) | 750,000 | 872,513 | ||||||
Harris County, Series A, GO, 5.000%, 10/01/18 | 1,000,000 | 1,159,750 | ||||||
New Hope Cultural Education Facilities Financing Corp., Student Housing Corp., Series A, RB, 4.000%, 04/01/17, AGM | 200,000 | 214,050 | ||||||
New Hope Cultural Education Facilities Financing Corp., Student Housing Corp., Series A, RB, 4.000%, 04/01/18, AGM | 200,000 | 216,396 | ||||||
New Hope Cultural Education Facilities Financing Corp., Student Housing Corp., Series A, RB, 4.000%, 04/01/20, AGM | 325,000 | 354,812 | ||||||
Texas Public Finance Authority, Series B, RB, 4.000%, 01/01/18 | 3,000,000 | 3,185,310 | ||||||
|
| |||||||
7,015,821 | ||||||||
|
| |||||||
Virginia 3.0% | ||||||||
Virginia Commonwealth Transportation Board, RB, 5.000%, 03/15/15 | 1,200,000 | 1,226,748 | ||||||
|
| |||||||
Washington 2.8% | ||||||||
Washington State, Series R-2015 A, GO, 5.000%, 07/01/18 | 1,000,000 | 1,150,950 | ||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
West Virginia 2.5% | ||||||||
West Virginia State, GO, 5.000%, 11/01/14, NATL-RE(b) | 1,000,000 | 1,004,230 | ||||||
|
| |||||||
Total Municipal Bonds | 37,979,314 | |||||||
|
| |||||||
Money Market Fund 13.0% | ||||||||
Federated Tax-Free Obligations Fund, Institutional Shares, 0.01%(d) | 5,297,862 | 5,297,862 | ||||||
|
| |||||||
Total Money Market Fund | 5,297,862 | |||||||
|
| |||||||
Total Investments | 43,277,176 | |||||||
Liabilities in Excess of Other Assets — (5.8)% | (2,359,243 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 40,917,933 | ||||||
|
|
(a) | Variable or floating rate security. Rate disclosed is as of September 30, 2014. |
(b) | All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments. |
(c) | All or a portion of this security has been purchased on a when-issued or delayed-delivery basis. |
(d) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
Investment Abbreviations
AGM | — | Security guaranteed by Assured Guaranty Municipal Corporation | ||
AMBAC | — | Security guaranteed by American Municipal Bond Assurance Corporation | ||
CA MTG INS | — | California Mortgage Insurance | ||
GO | — | General Obligation | ||
NATL-RE | — | Reinsurance provided by National Public Finance Guarantee Corporation | ||
RB | — | Revenue Bond |
See Notes to Financial Statements.
71
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Total Return Bond Fund
Shares or Principal Amount($) | Value($) | |||||||
Asset-Backed Securities 3.6% | ||||||||
Credit Card 2.9% |
| |||||||
American Express Credit Account Master Trust, Series 2014-2, Cl A, 1.260%, 01/15/20 | 2,645,000 | 2,634,795 | ||||||
Barclays Dryrock Issuance Trust, Series 2014-3, Cl A, 2.410%, 07/15/22 | 9,179,000 | 9,181,203 | ||||||
Cabela’s Master Credit Card Trust, Series 2014-1, Cl A, 0.504%, 03/16/20(a) | 1,926,000 | 1,924,808 | ||||||
Capital One Multi-Asset Execution Trust, Series 2006-B1, Cl B1, 0.434%, 01/15/19(a) | 2,624,000 | 2,613,588 | ||||||
Chase Issuance Trust, Series 2014-A1, Cl A1, 1.150%, 01/15/19 | 5,835,000 | 5,830,093 | ||||||
Discover Card Execution Note Trust, Series 2012-B3, Cl B3, 0.604%, 05/15/18(a) | 7,475,000 | 7,485,577 | ||||||
|
| |||||||
29,670,064 | ||||||||
|
| |||||||
Other 0.7% | ||||||||
Domino’s Pizza Master Issuer LLC, Series 2012-1A, Cl A2, 5.216%, 01/25/42(b) | 6,976,325 | 7,368,102 | ||||||
|
| |||||||
Total Asset-Backed Securities |
| 37,038,166 | ||||||
|
| |||||||
Collateralized Mortgage Obligations 7.4% |
| |||||||
Agency Collateralized Mortgage Obligations 3.5% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series 3745, Cl AY, REMIC, 4.000%, 10/15/30 | 688,000 | 723,388 | ||||||
Series 3768, Cl CB, 3.500%, 12/15/25 | 2,489,874 | 2,583,595 | ||||||
Series 3800, Cl CB, REMIC, 3.500%, 02/15/26 | 2,974,000 | 3,086,542 | ||||||
Series 3806, Cl L, 3.500%, 02/15/26 | 6,923,000 | 7,170,774 | ||||||
Series 3877, Cl LM, 3.500%, 06/15/26 | 1,502,000 | 1,558,256 | ||||||
Series 3909, Cl UB, REMIC, 3.500%, 08/15/26 | 3,156,000 | 3,274,574 | ||||||
Series 4313, Cl LY, 3.000%, 03/15/29 | 853,000 | 832,000 |
Shares or Principal Amount($) | Value($) | |||||||
Agency Collateralized Mortgage Obligations—continued |
| |||||||
Series 4364, Cl VB, REMIC, 4.000%, 07/15/32 | 7,568,000 | 7,972,222 | ||||||
|
| |||||||
27,201,351 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Series 2012-17, Cl BC, 3.500%, 03/25/27 | 4,822,240 | 4,957,528 | ||||||
Series 2012-93, Cl CY, 1.500%, 09/25/27 | 1,119,921 | 934,690 | ||||||
|
| |||||||
5,892,218 | ||||||||
|
| |||||||
Government National Mortgage Association | ||||||||
Series 2013-124, Cl VB, REMIC, 3.500%, 03/20/30 | 2,815,236 | 2,892,582 | ||||||
Series 2014-118, Cl WL, REMIC, 3.500%, 08/20/29 | 265,958 | 272,843 | ||||||
|
| |||||||
3,165,425 | ||||||||
|
| |||||||
36,258,994 | ||||||||
|
| |||||||
Commercial Mortgage Backed Securities 3.9% |
| |||||||
Extended Stay America Trust | ||||||||
Series 2013-ESH5, Cl B5, 2.278%, 12/05/31(b) | 2,940,000 | 2,909,077 | ||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Series 2014-M8, Cl A2, 3.056%, 06/25/24(a) | 3,364,000 | 3,369,557 | ||||||
|
| |||||||
GS Mortgage Securities Corp. II | ||||||||
Series 2012-ALOH, Cl A, 3.551%, 04/10/34(b) | 5,795,000 | 5,958,013 | ||||||
Series 2012-BWTR, Cl B, 3.255%, 11/05/34(b) | 2,890,000 | 2,833,720 | ||||||
|
| |||||||
8,791,733 | ||||||||
|
| |||||||
GS Mortgage Securities Trust | ||||||||
Series 2011-GC5, Cl AS, 5.209%, 08/10/44(a)(b) | 2,014,000 | 2,245,687 | ||||||
|
| |||||||
JPMorgan Chase Commercial Mortgage Securities Trust | ||||||||
Series 2010-C2, Cl C, 5.692%, 11/15/43(a)(b) | 3,863,000 | 4,295,799 | ||||||
Series 2011-C3, Cl D, 5.753%, 02/15/46(a)(b) | 5,897,000 | 6,472,376 | ||||||
Series 2012-HSBC, Cl B, 3.722%, 07/05/32(b) | 1,790,000 | 1,835,128 | ||||||
|
| |||||||
12,603,303 | ||||||||
|
|
See Notes to Financial Statements.
72
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Total Return Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Commercial Mortgage Backed Securities—continued |
| |||||||
OBP Depositor LLC Trust | ||||||||
Series 2010-OBP, Cl A, 4.646%, 07/15/45(b) | 4,150,000 | 4,573,566 | ||||||
|
| |||||||
WFRBS Commercial Mortgage Trust | ||||||||
Series 2011-C3, Cl D, 5.723%, 03/15/44(a)(b) | 4,677,367 | 4,986,143 | ||||||
|
| |||||||
39,479,066 | ||||||||
|
| |||||||
Total Collateralized Mortgage Obligations (Cost $74,470,710) | 75,738,060 | |||||||
|
| |||||||
Bank Loans 4.7% |
| |||||||
Aerospace/Defense 0.1% |
| |||||||
AM General LLC, Term Loan B, 10.250%, 03/22/18(a)(b) | 271,250 | 250,228 | ||||||
Atlantic Aviation FBO, Inc., Term Loan B, 3.250%, 06/01/20(a)(b) | 79,001 | 77,855 | ||||||
DAE Aviation Holdings, Inc., 2018 Term Loan B2, 11/02/18(b)(C) | 59,575 | 59,723 | ||||||
DAE Aviation Holdings, Inc., New Term Loan B1, 5.000%, 11/02/18(a)(b) | 131,415 | 131,743 | ||||||
LM U.S. Corp. Acquisition Inc., Term Loan Canadian, 4.750%, 10/25/19(a)(b) | 1,904 | 1,890 | ||||||
LM U.S. Corp. Acquisition Inc., 1st Lien Term Loan, 4.750%, 10/25/19(a)(b) | 47,885 | 47,526 | ||||||
LM U.S. Corp. Acquisition Inc., 2nd Lien Term Loan, 8.500%, 10/15/20(a)(b) | 105,000 | 104,825 | ||||||
TASC, Inc., 2014 Term Loan B, 6.500%, 05/30/20(a)(b) | 219,450 | 210,604 | ||||||
TASC, Inc., 2nd Lien Term Loan, 12.000%, 05/30/21(a)(b) | 95,000 | 92,506 | ||||||
Transdigm, Inc., Term Loan C, 3.750%, 02/28/20(a)(b) | 448,247 | 440,179 | ||||||
WP CPP Holdings LLC, 1st Lien Term Loan, 4.750%, 12/27/19(a)(b) | 102,468 | 101,603 | ||||||
|
| |||||||
1,518,682 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Auto Manufacturers 0.1% | ||||||||
CS Intermediate Holdco 2 LLC, New Term Loan B, 4.000%, 04/04/21(a)(b) | 104,738 | 103,363 | ||||||
Tower Automotive Holdings USA LLC, New Term Loan, 4.000%, 04/23/20(a)(b) | 133,319 | 131,097 | ||||||
Wabash National Corp., Term Loan B, 4.500%, 05/08/19(a)(b)(d) | 273,219 | 271,512 | ||||||
|
| |||||||
505,972 | ||||||||
|
| |||||||
Broadcasting 0.0%(e) | ||||||||
Gray Television, Inc., 2014 Term Loan B, 06/10/21(b)(C)(d) | 114,713 | 112,848 | ||||||
|
| |||||||
Chemicals 0.1% | ||||||||
Gemini HDPE LLC, Term Loan B, 4.750%, 08/07/21(a)(b) | 85,000 | 84,256 | ||||||
MacDermid, Inc., 1st Lien Term Loan, 4.000%, 06/07/20(a)(b) | 98,750 | 96,874 | ||||||
Minerals Technologies, Inc., Term Loan B, 4.000%, 05/09/21(a)(b) | 185,871 | 184,129 | ||||||
Nexeo Solutions LLC, Term Loan B, 5.000%, 09/08/17(a)(b) | 179,983 | 178,071 | ||||||
OXEA Finance LLC, USD Term Loan B2, 4.250%, 01/15/20(a)(b) | 69,475 | 67,912 | ||||||
Polymer Group, Inc., 1st Lien Term Loan, 5.250%, 12/19/19(a)(b) | 114,138 | 113,567 | ||||||
PQ Corp., 2014 Term Loan, 4.000%, 08/07/17(a)(b) | 93,338 | 92,171 | ||||||
Tata Chemicals North America, Inc., Term Loan B, 3.750%, 08/07/20(a)(b) | 69,125 | 68,261 | ||||||
WNA Holdings, Inc., USD 1st Lien US Borrower, 4.500%, 06/07/20(a)(b) | 43,860 | 43,202 | ||||||
|
| |||||||
928,443 | ||||||||
|
| |||||||
Commercial Services 0.1% | ||||||||
Harland Clarke Holdings Corp., Extended Term Loan B2, 5.483%, 06/30/17(a)(b) | 516,951 | 515,985 |
See Notes to Financial Statements.
73
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Total Return Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Commercial Services—continued |
| |||||||
Infor(US), Inc., USD Term Loan B5, 3.750%, 06/03/20(a)(b) | 258,561 | 252,474 | ||||||
Infor(US), Inc., USD Term Loan B3, 3.750%, 06/03/20(a)(b) | 115,781 | 113,067 | ||||||
Walter Energy, Inc., Term Loan B, 7.250%, 04/02/18(a)(b) | 366,864 | 325,797 | ||||||
|
| |||||||
1,207,323 | ||||||||
|
| |||||||
Consumer Non-Durables 0.0%(e) |
| |||||||
Kate Spade & Co., Term Loan B, 4.000%, 04/09/21(a)(b) | 100,000 | 97,500 | ||||||
|
| |||||||
Diversified Financial Services 0.3% |
| |||||||
American Capital, Ltd., 2017 Term Loan, 3.500%, 08/22/17(a)(b) | 168,300 | 166,196 | ||||||
Ceridian LLC, Term Loan B2, 4.500%, 09/15/20(a)(b) | 40,000 | 39,500 | ||||||
First Data Corp., New Term Loan B, 3.655%, 03/24/17(a)(b) | 1,000,000 | 981,500 | ||||||
First Data Corp., New 2018 Extended Term Loan, 3.655%, 03/23/18(a)(b) | 85,000 | 83,274 | ||||||
Getty Images, Inc., Term Loan B, 4.750%, 10/18/19(a)(b) | 148,082 | 135,558 | ||||||
Grosvenor Capital Management Holdings LLP, New Term Loan B, 3.750%, 01/04/21(a)(b) | 119,100 | 117,462 | ||||||
GXS Group, Inc., Term Loan B, 3.250%, 01/16/21(a)(b) | 113,676 | 112,362 | ||||||
Interactive Data Corp., 2014 Term Loan, 4.750%, 05/02/21(a)(b) | 214,463 | 213,189 | ||||||
Nuveen Investments, Inc., New Term Loan, 4.157%, 05/15/17(a)(b) | 610,000 | 608,146 | ||||||
Oberthur Technologies of America Corp., USD Term Loan B2, 4.500%, 10/18/19(a)(b) | 203,463 | 202,343 | ||||||
Pre-Paid Legal Services, Inc., 1st Lien Term Loan, 6.250%, 07/01/19(a)(b) | 74,597 | 74,644 |
Shares or Principal Amount($) | Value($) | |||||||
Diversified Financial Services—continued |
| |||||||
Triple Point Technology, Inc., 1st Lien Term Loan, 5.250%, 07/10/20(a)(b) | 78,939 | 71,439 | ||||||
USIC Holdings, Inc., 1st Lien Term Loan, 4.000%, 07/10/20(a)(b) | 118,500 | 115,834 | ||||||
|
| |||||||
2,921,447 | ||||||||
|
| |||||||
Diversified Media 0.0%(e) |
| |||||||
ALM Media Holdings, Inc., 1st Lien Term Loan, 5.500%, 07/31/20(a)(b) | 30,000 | 29,775 | ||||||
AP NMT Acquisition BV, USD 1st Lien Term Loan, 6.750%, 07/31/21(a)(b) | 95,000 | 92,348 | ||||||
Quad/Graphics, Inc., 2021 Term Loan, 4.250%, 04/23/21(a)(b) | 114,713 | 113,565 | ||||||
|
| |||||||
235,688 | ||||||||
|
| |||||||
Electronics 0.1% |
| |||||||
Blackboard, Inc., Term Loan B3, 4.750%, 10/04/18(a)(b) | 208,724 | 206,963 | ||||||
Eastman Kodak Co., Exit Term Loan, 7.250%, 09/03/19(a)(b) | 207,375 | 208,347 | ||||||
Rovi Solutions Corp., New Term Loan B, 3.750%, 07/02/21(a)(b) | 54,863 | 53,285 | ||||||
Shield Finance Co. S.A.R.L., USD Term Loan, 5.000%, 01/29/21(a)(b) | 169,150 | 168,516 | ||||||
Spansion LLC, 2013 Term Loan, 3.750%, 12/19/19(a)(b) | 118,800 | 116,721 | ||||||
|
| |||||||
753,832 | ||||||||
|
| |||||||
Energy 0.2% |
| |||||||
American Energy — Marcellus, LLC, 1st Lien Term Loan, 5.250%, 08/04/20(a)(b) | 20,000 | 19,806 | ||||||
American Energy — Marcellus, LLC, 2nd Lien Term Loan, 8.500%, 08/04/21(a)(b) | 20,000 | 19,800 | ||||||
Azure Midstream Energy LLC, Term Loan B, 6.500%, 11/15/18(a)(b) | 226,188 | 223,926 | ||||||
BlackBrush Oil & Gas, L.P., 2nd Lien Term Loan, 8.750%, 06/19/21(a)(b) | 55,000 | 54,038 |
See Notes to Financial Statements.
74
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SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Total Return Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Energy—continued |
| |||||||
Chief Exploration & Development LLC, 2nd Lien Term Loan, 7.500%, 05/12/21(a)(b) | 155,000 | 154,612 | ||||||
Drillships Ocean Ventures Inc., Term Loan B, 5.500%, 07/25/21(a)(b) | 75,000 | 72,562 | ||||||
HGIM Corp., Term Loan B, 5.500%, 06/18/20(a)(b) | 594,000 | 583,237 | ||||||
KCA Deutag US Finance LLC, Term Loan, 6.250%, 05/13/20(a)(b) | 59,850 | 58,803 | ||||||
Pacific Drilling SA, Term Loan B, 4.500%, 06/04/18(a)(b) | 172,788 | 166,813 | ||||||
Philadelphia Energy Solutions LLC, Term Loan B, 6.250%, 04/04/18(a)(b) | 221,946 | 209,368 | ||||||
Pinnacle Holdco S.A.R.L., Term Loan, 4.750%, 07/24/19(a)(b) | 29,998 | 29,651 | ||||||
Seadrill Partners Finco LLC, Term Loan B, 4.000%, 02/21/21(a)(b) | 303,123 | 287,967 | ||||||
Southcross Holdings Borrower LP, Term Loan B, 6.000%, 08/04/21(a)(b) | 29,925 | 29,850 | ||||||
Templar Energy LLC, 2nd Lien Term Loan, 8.500%, 11/25/20(a)(b) | 530,000 | 513,437 | ||||||
|
| |||||||
2,423,870 | ||||||||
|
| |||||||
Entertainment 0.1% |
| |||||||
ClubCorp Club Operations, Inc., New Term Loan, 4.000%, 07/24/20(a)(b)(d) | 225,000 | 222,655 | ||||||
Diamond Resorts Corp., New Term Loan, 5.500%, 05/09/21(a)(b) | 59,850 | 59,551 | ||||||
Great Wolf Resorts, Inc., Term Loan B, 4.250%, 08/06/20(a)(b) | 153,063 | 151,340 | ||||||
Kasima LLC, New Term Loan B, 3.250%, 05/17/21(a)(b) | 208,676 | 205,807 | ||||||
Live Nation Entertainment, Inc., 2020 Term Loan B1, 3.500%, 08/17/20(a)(b) | 326,700 | 322,309 |
Shares or Principal Amount($) | Value($) | |||||||
Entertainment—continued |
| |||||||
Oceania Cruises, Inc., 2020 Term Loan B, 5.250%, 07/02/20(a)(b) | 218,350 | 218,215 | ||||||
Regent Seven Seas Cruises, Inc., New Term Loan B, 3.750%, 12/21/18(a)(b) | 39,550 | 39,254 | ||||||
William Morris Endeavor Entertainment, LLC, 2nd Lien Term Loan, 8.250%, 05/01/22(a)(b) | 135,000 | 131,400 | ||||||
|
| |||||||
1,350,531 | ||||||||
|
| |||||||
Financial 0.1% |
| |||||||
Delos Finance S.A.R.L., Term Loan B, 3.500%, 03/06/21(a)(b) | 160,000 | 157,733 | ||||||
RCS Capital Corp., 1st Lien Term Loan, 6.500%, 04/29/19(a)(b) | 197,500 | 198,241 | ||||||
Sedgwick, Inc., 1st Lien Term Loan, 3.750%, 03/01/21(a)(b) | 208,950 | 202,247 | ||||||
Sedgwick, Inc., 2nd Lien Term Loan, 6.750%, 02/28/22(a)(b) | 115,000 | 112,197 | ||||||
|
| |||||||
670,418 | ||||||||
|
| |||||||
Food 0.2% |
| |||||||
1011778 B.C. Unlimited Liability Co., 2014 Term Loan B, 09/24/21(b)(C)(d) | 230,000 | 228,211 | ||||||
Albertson’s Holdings LLC, Term Loan B3, 08/25/19(b)(C) | 45,000 | 44,644 | ||||||
Albertson’s Holdings LLC, Term Loan B4, 4.500%, 08/25/21(a)(b) | 45,000 | 44,756 | ||||||
Blue Buffalo Co. Ltd., Term Loan B3, 3.750%, 08/08/19(a)(b) | 76,934 | 76,164 | ||||||
CEC Entertainment Concepts, LP, Term Loan, 4.250%, 02/14/21(a)(b) | 99,400 | 96,294 | ||||||
H.J. Heinz Co., Term Loan B1, 3.250%, 06/07/19(a)(b) | 839,375 | 826,784 | ||||||
JBS USA Holdings, Inc., Incremental Term Loan, 3.750%, 09/18/20(a)(b) | 202,950 | 199,906 |
See Notes to Financial Statements.
75
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Total Return Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Food—continued |
| |||||||
Landry’s, Inc., Term Loan B, 4.000%, 04/24/18(a)(b) | 362,881 | 359,448 | ||||||
New Albertson’s, Inc., Term Loan, 4.750%, 06/27/21(a)(b) | 70,000 | 68,732 | ||||||
Stater Bros. Markets, Term Loan B, 4.750%, 05/12/21(a)(b) | 80,000 | 79,650 | ||||||
|
| |||||||
2,024,589 | ||||||||
|
| |||||||
Forest Products & Paper 0.0%(e) |
| |||||||
CD&R Millennium Holdco 6 S.A.R.L., USD 2nd Lien Term Loan, 8.250%, 07/31/22(a)(b) | 20,000 | 19,767 | ||||||
|
| |||||||
Health Care 0.3% |
| |||||||
Accellent, Inc., 1st Lien Term Loan, 4.500%, 03/12/21(a)(b) | 139,300 | 136,618 | ||||||
Allscripts Healthcare Solutions, Inc., Term Loan A, 2.904%, 06/28/18(a)(b) | 129,500 | 129,176 | ||||||
CDRH Parent, Inc., New 1st Lien Term Loan, 5.250%, 07/01/21(a)(b) | 50,000 | 49,500 | ||||||
Convatec, Inc., Term Loan, 4.000%, 12/22/16(a)(b) | 60,000 | 59,500 | ||||||
Envision Acquisition Company LLC, Term Loan, 5.750%, 11/04/20(a)(b) | 118,800 | 118,281 | ||||||
Hologic, Inc., New Term Loan B, 3.250%, 08/01/19(a)(b) | 139,089 | 137,590 | ||||||
Iasis Healthcare LLC, Term Loan B2, 4.500%, 05/03/18(a)(b) | 155,635 | 154,986 | ||||||
IMS Health, Inc., New USD Term Loan, 3.500%, 03/17/21(a)(b) | 108,120 | 105,822 | ||||||
INC Research, Inc., Refi Term Loan B, 4.250%, 07/12/18(a)(b) | 379,520 | 375,489 | ||||||
inVentiv Health, Inc., Term Loan B4, 7.750%, 05/15/18(a)(b) | 60,000 | 59,288 | ||||||
JLL/Delta Dutch Newco B.V., USD Term Loan, 4.250%, 03/11/21(a)(b)(d) | 274,313 | 267,603 |
Shares or Principal Amount($) | Value($) | |||||||
Health Care—continued |
| |||||||
Millennium Laboratories, Inc., Term Loan B, 5.250%, 04/16/21(a)(b) | 104,738 | 104,246 | ||||||
P2 Newco Acquisition, Inc., 1st Lien Term Loan, 5.500%, 10/22/20(a)(b) | 179,050 | 178,939 | ||||||
Par Pharmaceutical Cos., Inc., Term Loan B2, 4.000%, 09/30/19(a)(b) | 379,534 | 371,537 | ||||||
Salix Pharmaceuticals Ltd., Term Loan, 4.250%, 01/02/20(a)(b) | 197,313 | 196,573 | ||||||
Valeant Pharmaceuticals International, Inc., Series C2, Term Loan B, 3.750%, 12/11/19(a)(b) | 72,487 | 71,551 | ||||||
Valeant Pharmaceuticals International, Inc., Series D2, Term Loan B, 3.750%, 02/13/19(a)(b) | 98,125 | 96,926 | �� | |||||
|
| |||||||
2,613,625 | ||||||||
|
| |||||||
Healthcare-Services 0.1% |
| |||||||
MPH Acquisition Holdings LLC, Term Loan, 4.000%, 03/31/21(a)(b) | 231,273 | 225,636 | ||||||
SBA Senior Finance II LLC, Term Loan B1, 3.250%, 03/24/21(a)(b) | 289,275 | 282,807 | ||||||
|
| |||||||
508,443 | ||||||||
|
| |||||||
Information Technology 0.2% |
| |||||||
Active Network, Inc.(The), 1st Lien Term Loan, 5.500%, 11/13/20(a)(b) | 79,400 | 78,705 | ||||||
Aricent Technologies, 1st Lien Term Loan, 5.500%, 04/14/21(a)(b) | 159,600 | 158,536 | ||||||
AVSC Holdings Corp., 1st Lien Term Loan, 4.500%, 01/24/21(a)(b) | 99,500 | 98,530 | ||||||
Dealertrack Technologies, Inc., Term Loan B, 3.500%, 02/28/21(a)(b) | 66,782 | 65,668 | ||||||
Deluxe Entertainment Services Group, Inc., Term Loan 2014, 6.500%, 02/28/20(a)(b) | 261,688 | 242,061 | ||||||
Genesys Telecom Holdings, U.S., Inc., New Term Loan B, 4.000%, 02/07/20(a)(b) | 59,248 | 57,989 |
See Notes to Financial Statements.
76
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Total Return Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Information Technology—continued |
| |||||||
Internap Network Services Corp., Term Loan, 6.000%, 11/26/19(a)(b) | 143,913 | 143,553 | ||||||
iParadigms Holdings, LLC, 1st Lien Term Loan, 5.000%, 07/30/21(a)(b) | 35,000 | 34,300 | ||||||
IQOR US Inc., Term Loan B, 6.000%, 04/01/21(a)(b) | 455,079 | 414,122 | ||||||
RedTop Acquisitions Ltd., USD 1st Lien Term Loan, 4.500%, 12/03/20(a)(b) | 149,250 | 148,877 | ||||||
RedTop Acquisitions Ltd., USD 2nd Lien Term Loan, 8.250%, 06/03/21(a)(b) | 89,550 | 89,998 | ||||||
Southern Graphics, Inc., New Term Loan B, 4.250%, 10/17/19(a)(b) | 137,750 | 136,459 | ||||||
Spin Holdco, Inc., New Term Loan B, 4.250%, 11/14/19(a)(b) | 79,400 | 77,862 | ||||||
STG-Fairway Acquisitions, Inc., Term Loan B, 6.250%, 02/28/19(a)(b) | 172,376 | 172,054 | ||||||
Zebra Technologies Corp., Term Loan B, 09/30/21(b)(C)(d) | 530,000 | 526,025 | ||||||
|
| |||||||
2,444,739 | ||||||||
|
| |||||||
Insurance 0.1% |
| |||||||
Asurion LLC, Term Loan B3, 3.750%, 03/03/17(a)(b) | 65,000 | 64,296 | ||||||
Asurion LLC, New 2nd Lien Term Loan, 8.500%, 03/03/21(a)(b) | 430,000 | 433,896 | ||||||
La Frontera Generation LLC, Term Loan, 4.500%, 09/30/20(a)(b) | 128,560 | 126,832 | ||||||
USI, Inc., Term Loan B, 4.250%, 12/27/19(a)(b) | 221,079 | 216,934 | ||||||
|
| |||||||
841,958 | ||||||||
|
| |||||||
Leisure Time 0.1% |
| |||||||
Amaya Holdings B.V., 1st Lien Term Loan, 5.000%, 08/01/21(a)(b) | 75,000 | 73,942 | ||||||
Aristocrat Leisure Ltd., Term Loan B, 09/29/21(b) (C)(d) | 275,000 | 271,906 | ||||||
Belmond Interfin Ltd., USD Term Loan B, 4.000%, 03/21/21(a)(b) | 149,250 | 146,887 |
Shares or Principal Amount($) | Value($) | |||||||
Leisure Time—continued |
| |||||||
La Quinta Intermediate Holdings LLC, Term Loan B, 4.000%, 04/14/21(a)(b) | 263,304 | 260,124 | ||||||
Lions Gate Entertainment Corp., 2nd Lien Term Loan, 5.000%, 07/17/20(a)(b) | 90,000 | 90,225 | ||||||
|
| |||||||
843,084 | ||||||||
|
| |||||||
Lodging 0.2% |
| |||||||
Bally Technologies, Inc., Term Loan B, 4.250%, 11/25/20(a)(b)(d) | 366,112 | 364,128 | ||||||
Boyd Gaming Corp., Term Loan B, 4.000%, 08/14/20(a)(b) | 119,271 | 117,333 | ||||||
Caesars Entertainment Operating Co., Term Loan B7, 9.750%, 01/28/18(a)(b) | 199,500 | 188,777 | ||||||
CCM Merger, Inc., New Term Loan B, 4.500%, 08/08/21(a)(b) | 264,490 | 261,681 | ||||||
Golden Nugget, Inc., New Delayed Draw Term Loan, 5.500%, 11/21/19(a)(b) | 47,640 | 47,839 | ||||||
Golden Nugget, Inc., New Term Loan B, 5.500%, 11/21/19(a)(b) | 111,160 | 111,624 | ||||||
Mohegan Tribal Gaming Authority, New Term Loan B, 5.500%, 11/19/19(a)(b) | 158,800 | 155,822 | ||||||
Pinnacle Entertainment, Inc., Term Loan B2, 3.750%, 08/13/20(a)(b) | 162,227 | 159,928 | ||||||
Playa Resorts Holding B.V., Term Loan B, 4.000%, 08/06/19(a)(b) | 118,800 | 117,018 | ||||||
Shingle Springs Tribal Gaming Authority, Term Loan B, 6.250%, 08/29/19(a)(b) | 97,000 | 98,940 | ||||||
Starwood Property Trust, Inc., Term Loan B, 3.500%, 04/17/20(a)(b) | 217,342 | 213,743 | ||||||
|
| |||||||
1,836,833 | ||||||||
|
|
See Notes to Financial Statements.
77
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Total Return Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Machinery-Diversified 0.1% |
| |||||||
Brand Energy & Infrastructure Services, Inc., New Term Loan B, 4.750%, 11/26/20(a)(b) | 595,500 | 592,933 | ||||||
Generac Power Systems, Inc., Term Loan B, 3.250%, 05/31/20(a)(b) | 121,977 | 119,615 | ||||||
Key Safety Systems, Inc., New 1st Lien Term Loan, 4.750%, 08/29/21(a)(b) | 30,000 | 29,872 | ||||||
NewPage Corp., Term Loan, 9.500%, 02/11/21(a)(b) | 215,000 | 214,785 | ||||||
W3 Co., 1st Lien Term Loan, 5.750%, 03/13/20(a)(b) | 64,025 | 63,705 | ||||||
|
| |||||||
1,020,910 | ||||||||
|
| |||||||
Manufacturing 0.0%(e) |
| |||||||
Mirror Bidco Corp., New Term Loan, 4.250%, 12/28/19(a)(b) | 191,602 | 188,609 | ||||||
Signode Industrial Group US, Inc., USD Term Loan B, 4.000%, 05/01/21(a)(b) | 127,815 | 125,339 | ||||||
|
| |||||||
313,948 | ||||||||
|
| |||||||
Media 0.3% |
| |||||||
Clear Channel Communications, Inc., Term Loan D, 01/30/19(b)(C)(d) | 30,000 | 28,629 | ||||||
Clear Channel Communications, Inc., Term Loan C, 3.804%, 01/29/16(a)(b) | 16,955 | 16,673 | ||||||
Emerald Expositions Holding, Inc., Term Loan B, 4.750%, 06/17/20(a)(b) | 39,895 | 39,546 | ||||||
McGraw-Hill Global Education Holdings LLC, New 1st Lien Term Loan, 5.750%, 03/22/19(a)(b) | 99,250 | 99,324 | ||||||
Syniverse Holdings, Inc., Term Loan, 4.000%, 04/23/19(a)(b) | 273,550 | 267,910 | ||||||
Univision Communications, Inc., Term Loan C4, 03/01/20(b)(C)(d) | 19,950 | 19,563 |
Shares or Principal Amount($) | Value($) | |||||||
Media—continued |
| |||||||
Univision Communications, Inc., Term Loan C3, 4.000%, 03/02/20(a)(b) | 334,017 | 327,337 | ||||||
US Finco LLC, 1st Lien Term Loan, 4.000%, 05/29/20(a)(b) | 64,188 | 63,144 | ||||||
Village Roadshow Films(BVI) Ltd., Term Loan B, 4.750%, 11/21/17(a)(b) | 926,217 | 916,954 | ||||||
Ziggo B.V., USD Term Loan B2, 3.250%, 01/15/22(a)(b) | 450,351 | 435,724 | ||||||
Ziggo B.V., USD Term Loan B1, 3.250%, 01/15/22(a)(b) | 759,913 | 737,214 | ||||||
|
| |||||||
2,952,018 | ||||||||
|
| |||||||
Metals 0.0%(e) |
| |||||||
Arch Coal, Inc., Term Loan B, 6.250%, 05/16/18(a)(b) | 240,140 | 219,502 | ||||||
Atlas Iron Ltd., Term Loan B, 8.750%, 12/10/17(a)(b) | 98,175 | 97,193 | ||||||
|
| |||||||
316,695 | ||||||||
|
| |||||||
Metals/Minerals 0.1% |
| |||||||
Atkore International, Inc., 1st Lien Term Loan, 4.500%, 04/09/21(a)(b) | 134,663 | 133,316 | ||||||
Murray Energy Corp., 1st Lien Term Loan, 5.250%, 12/05/19(a)(b) | 179,100 | 178,568 | ||||||
Peabody Energy Corp., Term Loan B, 4.250%, 09/24/20(a)(b) | 296,839 | 289,171 | ||||||
|
| |||||||
601,055 | ||||||||
|
| |||||||
Mining 0.2% |
| |||||||
FMG Resources(August 2006) Pty Ltd., New Term Loan B, 3.750%, 06/30/19(a)(b) | 1,496,222 | 1,463,260 | ||||||
Novelis, Inc., New Term Loan, 3.750%, 03/10/17(a)(b) | 329,838 | 325,613 | ||||||
|
| |||||||
1,788,873 | ||||||||
|
|
See Notes to Financial Statements.
78
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Total Return Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Miscellaneous Manufacturer 0.0%(e) |
| |||||||
Boomerang Tube LLC, Term Loan, 11.000%, 10/11/17(a)(b) | 211,500 | 186,120 | ||||||
|
| |||||||
Oil & Gas 0.3% |
| |||||||
Alon USA Energy, Inc., Master Limited Partnership Term Loan, 9.250%, 11/26/18(a)(b) | 193,955 | 196,380 | ||||||
Atlas Energy, L.P., Term Loan B, 6.500%, 07/31/19(a)(b) | 306,900 | 308,818 | ||||||
Citgo Petroleum Corp., New Term Loan B, 4.500%, 07/29/21(a)(b) | 90,000 | 89,663 | ||||||
Drillships Financing Holding, Inc., Term Loan B1, 6.000%, 03/31/21(a)(b) | 774,364 | 741,453 | ||||||
EP Energy LLC, Term Loan B3, 3.500%, 05/24/18(a)(b) | 303,333 | 297,646 | ||||||
EP Energy LLC, Term Loan B2, 4.500%, 04/30/19(a)(b) | 84,375 | 83,874 | ||||||
Fieldwood Energy LLC, 2nd Lien Term Loan, 8.375%, 09/30/20(a)(b) | 20,000 | 20,025 | ||||||
Offshore Group Investment Ltd., New Term Loan B, 5.000%, 10/25/17(a)(b) | 128,897 | 123,339 | ||||||
Offshore Group Investment Ltd., Term Loan B, 5.750%, 03/28/19(a)(b) | 332,243 | 317,917 | ||||||
Samson Investment Co., New 2nd Lien Term Loan, 5.000%, 09/25/18(a)(b) | 135,000 | 129,979 | ||||||
Sheridan Investment Partners II L.P., Term Loan B, 4.250%, 12/16/20(a)(b) | 183,335 | 181,044 | ||||||
Sheridan Investment Partners II L.P., Term Loan A, 4.250%, 12/16/20(a)(b) | 25,503 | 25,184 | ||||||
Sheridan Investment Partners II L.P., Term Loan M, 4.250%, 12/16/20(a)(b) | 9,511 | 9,392 |
Shares or Principal Amount($) | Value($) | |||||||
Oil & Gas—continued |
| |||||||
Tervita Corp., Term Loan, 6.250%, 05/15/18(a)(b) | 74,621 | 74,093 | ||||||
TPF Generation Holdings LLC, Term Loan B, 4.750%, 12/29/17(a)(b) | 103,950 | 100,702 | ||||||
TPF II LC LLC, Term Loan B, 6.500%, 08/21/19(a)(b) | 112,083 | 113,764 | ||||||
|
| |||||||
2,813,273 | ||||||||
|
| |||||||
Packaging & Containers 0.0%(e) |
| |||||||
Ardagh Holdings USA, Inc., Institutional Term Loan, 4.000%, 12/17/19(a)(b) | 114,425 | 112,709 | ||||||
Caraustar Industries, Inc., Term Loan, 7.500%, 05/01/19(a)(b) | 85,038 | 85,251 | ||||||
Tronox Pigments(Netherlands) BV, 2013 Term Loan, 4.000%, 03/19/20(a)(b) | 109,262 | 108,320 | ||||||
|
| |||||||
306,280 | ||||||||
|
| |||||||
Real Estate 0.1% |
| |||||||
CPG International, Inc., New Term Loan, 4.750%, 09/30/20(a)(b) | 158,400 | 157,477 | ||||||
Four Seasons Holdings, Inc., New 1st Lien Term Loan, 3.500%, 06/27/20(a)(b) | 277,200 | 272,002 | ||||||
Four Seasons Holdings, Inc., 2nd Lien Term Loan, 6.250%, 12/28/20(a)(b) | 35,000 | 35,000 | ||||||
Istar Financial, Inc., Add on Term Loan A2, 7.000%, 03/19/17(a)(b) | 12,199 | 12,474 | ||||||
Quikrete Holdings, Inc., 1st Lien Term Loan, 4.000%, 09/28/20(a)(b) | 190,370 | 187,990 | ||||||
|
| |||||||
664,943 | ||||||||
|
| |||||||
Retail 0.4% |
| |||||||
Abercrombie & Fitch Management Co., Term Loan B, 4.750%, 07/14/21(a)(b) | 150,000 | 148,594 | ||||||
Camping World, Inc., Term Loan, 5.750%, 02/20/20(a)(b) | 191,344 | 191,344 |
See Notes to Financial Statements.
79
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Total Return Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Retail—continued |
| |||||||
Capital Automotive LP, New 2nd Lien Term Loan, 6.000%, 04/30/20(a)(b)(d) | 270,000 | 272,700 | ||||||
Evergreen Acqco 1 LP, New Term Loan, 5.000%, 07/09/19(a)(b) | 52,813 | 51,988 | ||||||
J.C. Penney Corporation, Inc., 1st Lien Term Loan, 6.000%, 05/22/18(a)(b) | 750,500 | 748,061 | ||||||
Jo-Ann Stores, Inc., Term Loan, 4.000%, 03/16/18(a)(b) | 394,582 | 378,471 | ||||||
Lands’ End, Inc., Term Loan B, 4.250%, 04/02/21(a)(b) | 333,325 | 328,742 | ||||||
Party City Holdings, Inc., Term Loan, 4.000%, 07/27/19(a)(b) | 377,070 | 370,135 | ||||||
Petco Animal Supplies, Inc., New Term Loan, 4.000%, 11/24/17(a)(b) | 219,597 | 217,282 | ||||||
Rite Aid Corp., New 2nd Lien Term Loan, 4.875%, 06/21/21(a)(b) | 275,000 | 273,281 | ||||||
Rite Aid Corp., 2nd Lien Term Loan, 5.750%, 08/21/20(a)(b) | 260,000 | 262,925 | ||||||
Supervalu, Inc., Refinance Term Loan B, 4.500%, 03/21/19(a)(b) | 166,888 | 163,644 | ||||||
Toys ‘R’ Us Property Co. I LLC, New Term Loan B, 6.000%, 08/21/19(a)(b) | 555,800 | 533,568 | ||||||
Toys ‘R’ Us-Delaware, Inc., Term Loan B3, 5.250%, 05/25/18(a)(b) | 130,157 | 120,015 | ||||||
Toys ‘R’ Us-Delaware, Inc., New Term Loan, 6.000%, 09/01/16(a)(b) | 170,025 | 165,963 | ||||||
|
| |||||||
4,226,713 | ||||||||
|
| |||||||
Semiconductors 0.0%(e) |
| |||||||
Freescale Semiconductor, Inc., Term Loan B5, 5.000%, 01/15/21(a)(b) | 163,350 | 162,610 | ||||||
Semiconductor Components Industries, LLC, Term Loan A, 1.985%, 01/02/18(a)(b) | 312,813 | 304,992 | ||||||
|
| |||||||
467,602 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Telecommunication Services 0.5% |
| |||||||
Altice Financing SA, Delayed Draw Term Loan, 5.500%, 07/02/19(a)(b) | 833,986 | 840,241 | ||||||
Arris Group, Inc., Term Loan B, 3.250%, 04/17/20(a)(b) | 245,055 | 241,276 | ||||||
Avaya, Inc., Extended Term Loan B3, 4.654%, 10/26/17(a)(b) | 309,554 | 294,705 | ||||||
Avaya, Inc., Term Loan B6, 6.500%, 03/30/18(a)(b) | 151,871 | 150,447 | ||||||
Charter Communications Operating, LLC, Term Loan G, 09/12/21 (C)(d) | 30,000 | 29,891 | ||||||
Cincinnati Bell, Inc., New Term Loan B, 4.000%, 09/10/20(a)(b) | 405,302 | 401,248 | ||||||
Consolidated Communications, Inc., New Term Loan B, 4.250%, 12/23/20(a)(b) | 158,800 | 158,205 | ||||||
DataPipe, Inc., 1st Lien Term Loan, 5.250%, 03/15/19(a)(b) | 64,029 | 62,468 | ||||||
Evertec Group, LLC, New Term Loan A, 2.654%, 04/16/18(a)(b) | 515,625 | 507,674 | ||||||
Evertec Group, LLC, New Term Loan B, 3.500%, 04/17/20(a)(b) | 113,513 | 111,432 | ||||||
Learfield Communications, Inc., New 1st Lien Term Loan, 4.500%, 10/09/20(a)(b) | 119,102 | 118,357 | ||||||
Liberty Cablevision of Puerto Rico LLC, 2014 1st Lien Term Loan, 4.500%, 01/07/22(a)(b) | 50,000 | 49,584 | ||||||
Liberty Cablevision of Puerto Rico LLC, 2014 2nd Lien Term Loan, 7.750%, 07/07/23(a)(b) | 30,000 | 29,738 | ||||||
MCC Iowa LLC, Term Loan H, 3.250%, 01/29/21(a)(b) | 217,250 | 211,276 | ||||||
MCC Iowa LLC, Term Loan G, 4.000%, 01/20/20(a)(b) | 519,400 | 505,116 |
See Notes to Financial Statements.
80
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Total Return Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Telecommunication Services—continued |
| |||||||
Media General, Inc., Delayed Draw Term Loan B, 4.250%, 07/31/20(a)(b) | 140,581 | 139,000 | ||||||
Nuance Communications, Inc., Term Loan C, 2.910%, 08/07/19(a)(b) | 118,500 | 115,439 | ||||||
UPC Financing Partnership, USD Term Loan AH, 3.250%, 06/30/21(a)(b) | 530,000 | 515,425 | ||||||
Van Wagner Communications LLC, New Term Loan, 7.500%, 08/03/18(a)(b) | 308,880 | 308,108 | ||||||
WMG Acquisition Corp., New Term Loan, 3.750%, 07/01/20(a)(b) | 643,500 | 620,276 | ||||||
|
| |||||||
5,409,906 | ||||||||
|
| |||||||
Telecommunications 0.1% |
| |||||||
CompuCom Systems, Inc., Refinance Term Loan B, 4.250%, 05/11/20(a)(b) | 81,093 | 77,646 | ||||||
LTS Buyer LLC, 1st Lien Term Loan, 4.000%, 04/13/20(a)(b) | 301,188 | 295,604 | ||||||
Windstream Corp., Term Loan B4, 3.500%, 01/23/20(a)(b) | 186,675 | 184,248 | ||||||
|
| |||||||
557,498 | ||||||||
|
| |||||||
Transportation 0.1% |
| |||||||
Commercial Barge Line Co., 1st Lien Term Loan, 7.500%, 09/23/19(a)(b) | 177,300 | 177,522 | ||||||
FPC Holdings, Inc., 1st Lien Term Loan, 5.250%, 11/19/19(a)(b) | 132,638 | 131,145 | ||||||
Navios Partners Finance(US), Inc., Term Loan B, 5.250%, 06/27/18(a)(b) | 217,255 | 218,885 | ||||||
Travelport Finance(Luxembourg) S.A.R.L., 2014 Term Loan B, 6.000%, 09/02/21(a)(b) | 55,000 | 54,872 | ||||||
U.S. Shipping Corp., Term Loan, 5.500%, 04/30/18(a)(b) | 30,000 | 30,000 |
Shares or Principal Amount($) | Value($) | |||||||
Transportation—continued |
| |||||||
Visteon Corp., Delayed Draw Term Loan B, 3.500%, 04/09/21(a)(b) | 199,500 | 195,947 | ||||||
|
| |||||||
808,371 | ||||||||
|
| |||||||
Utilities 0.1% |
| |||||||
Astoria Generating Company Acquisitions LLC, New Term Loan, 9.250%, 10/26/17(a)(b) | 108,327 | 110,223 | ||||||
Calpine Construction Finance Co., L.P., Original Term Loan B1, 3.250%, 05/03/20(a)(b) | 320,938 | 309,705 | ||||||
Calpine Construction Finance Co., L.P., Original Term Loan B2, 3.250%, 01/31/22(a)(b) | 142,819 | 138,624 | ||||||
EFS Cogen Holdings I LLC, Term Loan B, 3.750%, 12/17/20(a)(b) | 219,647 | 218,481 | ||||||
Empire Generating Co. LLC, Term Loan B, 5.250%, 03/12/21(a)(b) | 158,118 | 156,142 | ||||||
Empire Generating Co. LLC, Term Loan C, 5.250%, 03/12/21(a)(b) | 11,087 | 10,948 | ||||||
Exgen Renewables I LLC, Term Loan, 5.250%, 02/08/21(a)(b) | 143,791 | 144,510 | ||||||
Polarpak, Inc., USD 1st Lien Canadian Borrower, 4.500%-5.500%, 06/05/20(a)(b) | 84,297 | 83,033 | ||||||
Power Team Services LLC, 1st Lien Term Loan, 4.250%, 05/06/20(a)(b) | 188,957 | 184,706 | ||||||
Power Team Services LLC, Delayed Draw Term Loan, 4.250%, 05/06/20(a)(b) | 10,064 | 9,837 | ||||||
Viva Alamo LLC, Term Loan B, 4.750%, 02/20/21(a)(b) | 104,475 | 103,169 | ||||||
|
| |||||||
1,469,378 | ||||||||
|
| |||||||
Wireless Communication 0.0%(e) |
| |||||||
GOGO LLC, Term Loan, 11.250%, 06/21/17(a)(b) | 299,111 | 314,066 | ||||||
|
| |||||||
Total Bank Loans |
| 48,077,241 | ||||||
|
|
See Notes to Financial Statements.
81
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Total Return Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Corporate Bonds 21.6% |
| |||||||
Aerospace/Defense 0.3% | ||||||||
L-3 Communications Corp., 3.950%, 05/28/24 | 2,711,000 | 2,689,879 | ||||||
|
| |||||||
Agriculture 0.2% |
| |||||||
Japan Tobacco, Inc., 2.100%, 07/23/18(b) | 2,142,000 | 2,158,286 | ||||||
|
| |||||||
Airlines 0.7% |
| |||||||
American Airlines Pass Through Trust, Series 2013-2, 4.950%, 07/15/24 | 4,629,220 | 4,964,839 | ||||||
United Airlines Pass Through Trust, Series 2014-1, Cl A, 4.000%, 10/11/27, Series A(f) | 2,049,000 | 2,059,245 | ||||||
|
| |||||||
7,024,084 | ||||||||
|
| |||||||
Auto Manufacturers 0.5% |
| |||||||
Daimler Finance N.A. LLC, 3.875%, 09/15/21(b) | 1,632,000 | 1,730,708 | ||||||
General Motors Co., 6.250%, 10/02/43 | 1,785,000 | 2,088,450 | ||||||
Volkswagen International Finance, 2.375%, 03/22/17(b) | 1,439,000 | 1,476,572 | ||||||
|
| |||||||
5,295,730 | ||||||||
|
| |||||||
Auto Parts & Equipment 0.3% |
| |||||||
Delphi Corp., 4.150%, 03/15/24 | 1,512,000 | 1,542,446 | ||||||
Lear Corp., 4.750%, 01/15/23 | 1,222,000 | 1,206,725 | ||||||
|
| |||||||
2,749,171 | ||||||||
|
| |||||||
Banks 5.2% |
| |||||||
Bank of America Corp., 1.700%, 08/25/17, MTN | 2,575,000 | 2,563,873 | ||||||
Bank of America Corp., 2.600%, 01/15/19 | 2,672,000 | 2,666,795 | ||||||
Bank of America Corp., 4.000%, 04/01/24, MTN | 1,588,000 | 1,604,549 | ||||||
Bank of America NA, 1.250%, 02/14/17 | 1,217,000 | 1,213,221 | ||||||
Citigroup, Inc., 2.500%, 09/26/18 | 3,968,000 | 3,993,808 | ||||||
Citigroup, Inc., 4.950%, 11/07/43 | 2,679,000 | 2,835,496 | ||||||
Credit Suisse New York, 3.625%, 09/09/24, MTN | 2,039,000 | 2,011,694 |
Shares or Principal Amount($) | Value($) | |||||||
Banks—continued | ||||||||
Fifth Third Bank, 1.450%, 02/28/18 | 400,000 | 395,038 | ||||||
Goldman Sachs Group, Inc.(The), 2.625%, 01/31/19 | 3,455,000 | 3,446,114 | ||||||
HSBC Bank PLC, 3.500%, 06/28/15(b) | 1,497,000 | 1,530,669 | ||||||
Huntington National Bank(The), 1.300%, 11/20/16 | 1,869,000 | 1,870,648 | ||||||
Intesa Sanpaolo SpA, 5.017%, 06/26/24(b) | 2,204,000 | 2,147,437 | ||||||
JPMorgan Chase & Co., Series V, 5.000% (a)(g) | 3,167,000 | 3,087,192 | ||||||
KeyBank NA, 1.650%, 02/01/18 | 1,557,000 | 1,550,879 | ||||||
Morgan Stanley, 4.350%, 09/08/26, MTN | 1,290,000 | 1,267,834 | ||||||
Morgan Stanley, 5.000%, 11/24/25 | 1,564,000 | 1,635,647 | ||||||
Morgan Stanley, Series F, 3.875%, 04/29/24, Series F | 1,485,000 | 1,483,460 | ||||||
Morgan Stanley, Series H, 5.450%(a)(g) | 2,280,000 | 2,262,900 | ||||||
UBS AG, 2.375%, 08/14/19, MTN | 3,496,000 | 3,465,298 | ||||||
US Bancorp, 3.600%, 09/11/24, MTN | 3,668,000 | 3,624,798 | ||||||
US Bank NA, 1.100%, 01/30/17 | 2,710,000 | 2,707,276 | ||||||
Wells Fargo & Co., 1.250%, 02/13/15, MTN | 2,507,000 | 2,515,524 | ||||||
Wells Fargo & Co., 4.100%, 06/03/26, MTN | 3,229,000 | 3,217,650 | ||||||
|
| |||||||
53,097,800 | ||||||||
|
| |||||||
Beverages 0.2% |
| |||||||
SABMiller Holdings, Inc., 2.450%, 01/15/17(b) | 2,020,000 | 2,063,636 | ||||||
|
| |||||||
Biotechnology 0.2% |
| |||||||
Celgene Corp., 4.625%, 05/15/44 | 2,206,000 | 2,164,304 | ||||||
|
| |||||||
Chemicals 0.2% |
| |||||||
Praxair, Inc., 4.625%, 03/30/15 | 1,548,000 | 1,580,641 | ||||||
|
| |||||||
Commercial Services 0.4% |
| |||||||
ERAC USA Finance LLC, 2.750%, 03/15/17(b) | 935,000 | 963,158 |
See Notes to Financial Statements.
82
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Total Return Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Commercial Services—continued |
| |||||||
ERAC USA Finance LLC, 3.850%, 11/15/24(b) | 991,000 | 992,797 | ||||||
ERAC USA Finance LLC, 5.250%, 10/01/20(b) | 1,049,000 | 1,182,462 | ||||||
ERAC USA Finance LLC, 5.600%, 05/01/15(b) | 807,000 | 830,133 | ||||||
|
| |||||||
3,968,550 | ||||||||
|
| |||||||
Computers 0.9% |
| |||||||
Apple, Inc., 2.850%, 05/06/21 | 3,456,000 | 3,462,780 | ||||||
International Business Machines Corp., 0.875%, 10/31/14 | 6,104,000 | 6,107,272 | ||||||
|
| |||||||
9,570,052 | ||||||||
|
| |||||||
Diversified Financial Services 1.5% |
| |||||||
American Express Credit Corp., 2.375%, 03/24/17, MTN | 1,263,000 | 1,292,423 | ||||||
Ford Motor Credit Co. LLC, 5.000%, 05/15/18 | 2,068,000 | 2,258,558 | ||||||
General Electric Capital Corp., 3.450%, 05/15/24, MTN | 2,185,000 | 2,191,470 | ||||||
John Deere Capital Corp., 1.250%, 12/02/14, MTN | 2,195,000 | 2,198,771 | ||||||
Lazard Group LLC, 4.250%, 11/14/20 | 3,178,000 | 3,322,341 | ||||||
MassMutual Global Funding LLC, 2.000%, 04/05/17(b) | 1,291,000 | 1,310,524 | ||||||
Toyota Motor Credit Corp., 3.200%, 06/17/15, MTN | 702,000 | 716,084 | ||||||
Woodside Finance Ltd., 4.600%, 05/10/21(b) | 2,244,000 | 2,425,730 | ||||||
|
| |||||||
15,715,901 | ||||||||
|
| |||||||
Electric 0.7% |
| |||||||
Berkshire Hathaway Energy Co., 6.125%, 04/01/36 | 1,130,000 | 1,398,424 | ||||||
Dominion Resources, Inc., 1.950%, 08/15/16 | 468,000 | 475,739 | ||||||
Exelon Generation Co. LLC, 6.200%, 10/01/17 | 1,010,000 | 1,135,718 | ||||||
FirstEnergy Transmission LLC, 5.450%, 07/15/44(b) | 3,715,000 | 3,761,367 | ||||||
|
| |||||||
6,771,248 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Electronics 0.1% |
| |||||||
Thermo Fisher Scientific, Inc., 5.300%, 02/01/44 | 919,000 | 1,008,685 | ||||||
|
| |||||||
Healthcare-Services 0.2% |
| |||||||
Howard Hughes Medical Institute, 3.500%, 09/01/23 | 1,564,000 | 1,611,397 | ||||||
UnitedHealth Group, Inc., 4.250%, 03/15/43 | 728,000 | 711,037 | ||||||
|
| |||||||
2,322,434 | ||||||||
|
| |||||||
Insurance 1.1% |
| |||||||
American International Group, Inc., 5.850%, 01/16/18, MTN | 2,601,000 | 2,925,925 | ||||||
Arch Capital Group US, Inc., 5.144%, 11/01/43 | 2,292,000 | 2,458,372 | ||||||
Berkshire Hathaway, Inc., 3.200%, 02/11/15 | 2,622,000 | 2,649,201 | ||||||
Fairfax Financial Holdings Ltd., 5.800%, 05/15/21(b) | 381,000 | 408,876 | ||||||
Nationwide Financial Services, Inc., 5.375%, 03/25/21(b) | 1,878,000 | 2,109,670 | ||||||
Reinsurance Group of America, Inc., 4.700%, 09/15/23, MTN | 1,004,000 | 1,069,827 | ||||||
|
| |||||||
11,621,871 | ||||||||
|
| |||||||
Media 0.4% |
| |||||||
British Sky Broadcasting Group PLC, 2.625%, 09/16/19(b) | 940,000 | 939,434 | ||||||
Comcast Corp., 4.650%, 07/15/42 | 1,905,000 | 1,967,098 | ||||||
Time Warner Cable, Inc., 4.500%, 09/15/42 | 827,000 | 816,076 | ||||||
|
| |||||||
3,722,608 | ||||||||
|
| |||||||
Mining 1.6% |
| |||||||
Barrick(PD) Australia Finance Property Ltd., 4.950%, 01/15/20 | 483,000 | 523,083 | ||||||
Barrick(PD) Australia Finance Property Ltd., 5.950%, 10/15/39 | 4,196,000 | 4,220,874 | ||||||
Barrick International Barbados Corp., 6.350%, 10/15/36(b) | 1,083,000 | 1,147,585 | ||||||
Barrick North America Finance LLC, 5.750%, 05/01/43 | 1,657,000 | 1,639,902 |
See Notes to Financial Statements.
83
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Total Return Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Mining—continued |
| |||||||
BHP Billiton Finance USA Ltd., 1.125%, 11/21/14 | 2,260,000 | 2,262,409 | ||||||
Newmont Mining Corp., 6.250%, 10/01/39 | 6,147,000 | 6,059,737 | ||||||
|
| |||||||
15,853,590 | ||||||||
|
| |||||||
Miscellaneous Manufacturer 0.3% |
| |||||||
3M Co., 1.375%, 09/29/16 | 903,000 | 916,017 | ||||||
General Electric Co., 4.125%, 10/09/42 | 1,043,000 | 1,036,276 | ||||||
General Electric Co., 5.250%, 12/06/17 | 879,000 | 975,207 | ||||||
|
| |||||||
2,927,500 | ||||||||
|
| |||||||
Oil & Gas 0.7% |
| |||||||
BP Capital Markets PLC, 2.248%, 11/01/16 | 1,908,000 | 1,957,085 | ||||||
Continental Resources, Inc., 3.800%, 06/01/24(d) | 1,617,000 | 1,583,877 | ||||||
Ensco PLC, 5.750%, 10/01/44 | 1,504,000 | 1,524,686 | ||||||
Marathon Petroleum Corp., 5.000%, 09/15/54 | 2,562,000 | 2,441,220 | ||||||
|
| |||||||
7,506,868 | ||||||||
|
| |||||||
Oil & Gas Services 0.6% |
| |||||||
Schlumberger Investment SA, 3.300%, 09/14/21(b) | 1,409,000 | 1,457,540 | ||||||
Weatherford International Ltd., 5.125%, 09/15/20 | 963,000 | 1,050,275 | ||||||
Weatherford International Ltd., 5.950%, 04/15/42 | 1,706,000 | 1,832,438 | ||||||
Weatherford International Ltd., 6.500%, 08/01/36 | 1,919,000 | 2,213,465 | ||||||
|
| |||||||
6,553,718 | ||||||||
|
| |||||||
Pharmaceuticals 0.5% |
| |||||||
Express Scripts Holding Co., 2.650%, 02/15/17 | 1,325,000 | 1,362,511 | ||||||
Novartis Securities Investment Ltd., 5.125%, 02/10/19 | 823,000 | 924,275 | ||||||
Teva Pharmaceutical Finance Co. LLC, 6.150%, 02/01/36 | 2,063,000 | 2,480,491 | ||||||
|
| |||||||
4,767,277 | ||||||||
|
| |||||||
Pipelines 0.9% |
| |||||||
Access Midstream Partners LP/ACMP Finance Corp., 4.875%, 03/15/24 | 2,947,000 | 3,013,307 |
Shares or Principal Amount($) | Value($) | |||||||
Pipelines—continued |
| |||||||
Kinder Morgan Energy Partners LP, 5.000%, 08/15/42 | 3,168,000 | 2,984,481 | ||||||
NuStar Logistics LP, 4.800%, 09/01/20 | 2,870,000 | 2,794,663 | ||||||
Spectra Energy Partners LP, 5.950%, 09/25/43 | 740,000 | 868,795 | ||||||
|
| |||||||
9,661,246 | ||||||||
|
| |||||||
Real Estate Investment Trust 0.7% |
| |||||||
American Tower Corp., 3.500%, 01/31/23 | 1,654,000 | 1,572,426 | ||||||
American Tower Corp., 5.000%, 02/15/24 | 2,664,000 | 2,792,200 | ||||||
Digital Realty Trust LP, 5.875%, 02/01/20(f) | 2,311,000 | 2,567,743 | ||||||
|
| |||||||
6,932,369 | ||||||||
|
| |||||||
Retail 0.6% |
| |||||||
Kohl’s Corp., 6.875%, 12/15/37 | 1,617,000 | 1,978,348 | ||||||
Wal-Mart Stores, Inc., 1.125%, 04/11/18 | 4,454,000 | 4,393,559 | ||||||
|
| |||||||
6,371,907 | ||||||||
|
| |||||||
Semiconductors 0.5% |
| |||||||
Analog Devices, Inc., 3.000%, 04/15/16 | 273,000 | 281,459 | ||||||
Intel Corp., 1.950%, 10/01/16 | 1,031,000 | 1,053,714 | ||||||
TSMC Global Ltd., 1.625%, 04/03/18(b) | 3,589,000 | 3,543,976 | ||||||
|
| |||||||
4,879,149 | ||||||||
|
| |||||||
Software 0.2% |
| |||||||
Oracle Corp., 1.200%, 10/15/17 | 1,139,000 | 1,130,786 | ||||||
Oracle Corp., 2.375%, 01/15/19 | 1,391,000 | 1,409,335 | ||||||
|
| |||||||
2,540,121 | ||||||||
|
| |||||||
Telecommunication Services 1.4% |
| |||||||
AT&T, Inc., 2.375%, 11/27/18 | 3,089,000 | 3,117,898 | ||||||
AT&T, Inc., 4.350%, 06/15/45 | 752,000 | 691,202 | ||||||
CC Holdings GS V LLC/Crown Castle GS III Corp., 3.849%, 04/15/23 | 2,706,000 | 2,661,727 | ||||||
Cisco Systems, Inc., 2.125%, 03/01/19 | 1,792,000 | 1,791,099 | ||||||
Cisco Systems, Inc., 5.500%, 02/22/16 | 998,000 | 1,062,767 |
See Notes to Financial Statements.
84
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Total Return Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Telecommunication Services—continued |
| |||||||
Verizon Communications, Inc., 5.012%, 08/21/54(b) | 5,441,000 | 5,466,828 | ||||||
|
| |||||||
14,791,521 | ||||||||
|
| |||||||
Transportation 0.5% |
| |||||||
Burlington Northern Santa Fe LLC, 4.550%, 09/01/44 | 4,047,000 | 4,043,993 | ||||||
Union Pacific Corp., 4.150%, 01/15/45 | 1,147,000 | 1,124,831 | ||||||
|
| |||||||
5,168,824 | ||||||||
|
| |||||||
Total Corporate Bonds |
| 221,478,970 | ||||||
|
| |||||||
Municipal Bond 0.5% |
| |||||||
New York 0.5% |
| |||||||
Utility Debt Securitization Authority, Series T, RB, 2.937%, 06/15/23 | 4,451,000 | 4,482,023 | ||||||
|
| |||||||
Total Municipal Bond |
| 4,482,023 | ||||||
|
| |||||||
U.S. Government Agency Mortgages 25.0% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Pool #J14244, 3.000%, 01/01/26 | 2,298,708 | 2,369,293 | ||||||
Pool #J14245, 3.000%, 01/01/26 | 1,230,052 | 1,268,008 | ||||||
Pool #J17791, 3.000%, 01/01/27 | 5,630,139 | 5,797,995 | ||||||
Pool #G14328, 3.000%, 01/01/27 | 526,017 | 541,689 | ||||||
Pool #J18800, 3.000%, 04/01/27 | 5,395,335 | 5,555,718 | ||||||
Pool #G14517, 2.500%, 07/01/27 | 2,945,776 | 2,975,735 | ||||||
Pool #J20118, 2.500%, 08/01/27 | 2,375,903 | 2,400,069 | ||||||
Pool #G14599, 2.500%, 11/01/27 | 929,786 | 939,244 | ||||||
Pool #G30614, 3.500%, 12/01/32 | 5,805,658 | 6,045,713 | ||||||
Pool #A12413, 5.000%, 08/01/33 | 387,033 | 427,463 | ||||||
Pool #G05052, 5.000%, 10/01/33 | 248,484 | 274,317 | ||||||
Pool #G04918, 5.000%, 04/01/34 | 948,196 | 1,047,658 |
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #G01828, 4.500%, 04/01/35 | 54,444 | 59,060 | ||||||
Pool #G01779, 5.000%, 04/01/35 | 501,450 | 554,529 | ||||||
Pool #G01837, 5.000%, 07/01/35 | 3,434,308 | 3,798,028 | ||||||
Pool #G01838, 5.000%, 07/01/35 | 273,796 | 302,780 | ||||||
Pool #A37900, 4.500%, 09/01/35 | 438,989 | 475,639 | ||||||
Pool #A39731, 5.000%, 11/01/35 | 797,702 | 881,182 | ||||||
Pool #G05325, 4.500%, 03/01/36 | 4,355,286 | 4,726,893 | ||||||
Pool #G02069, 5.500%, 03/01/36 | 202,780 | 226,372 | ||||||
Pool #Q01807, 4.500%, 07/01/36 | 2,136,292 | 2,306,972 | ||||||
Pool #G04997, 5.000%, 01/01/37 | 1,044,598 | 1,154,701 | ||||||
Pool #Q06160, 4.000%, 02/01/37 | 743,345 | 783,667 | ||||||
Pool #G05521, 5.500%, 05/01/37 | 469,413 | 526,993 | ||||||
Pool #G05326, 5.000%, 02/01/38 | 2,123,844 | 2,347,972 | ||||||
Pool #G04337, 5.500%, 04/01/38 | 543,712 | 605,810 | ||||||
Pool #G07135, 6.000%, 10/01/38 | 2,873,711 | 3,246,540 | ||||||
Pool #G08347, 4.500%, 06/01/39 | 4,181,657 | 4,512,070 | ||||||
Pool #G08353, 4.500%, 07/01/39 | 4,998,986 | 5,393,980 | ||||||
Pool #G06079, 6.000%, 07/01/39 | 1,252,347 | 1,415,744 | ||||||
Pool #A87874, 4.000%, 08/01/39 | 1,317,623 | 1,394,614 | ||||||
Pool #A89148, 4.000%, 10/01/39 | 1,921,750 | 2,025,994 | ||||||
Pool #A89384, 4.000%, 10/01/39 | 270,251 | 284,911 | ||||||
Pool #G08372, 4.500%, 11/01/39 | 3,006,739 | 3,245,080 | ||||||
Pool #A93101, 5.000%, 07/01/40 | 1,335,142 | 1,476,878 | ||||||
Pool #G06990, 5.500%, 08/01/40 | 4,686,896 | 5,218,643 | ||||||
Pool #A93996, 4.500%, 09/01/40 | 1,191,409 | 1,286,167 |
See Notes to Financial Statements.
85
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Total Return Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #A94362, 4.000%, 10/01/40 | 2,421,064 | 2,562,769 | ||||||
Pool #G06061, 4.000%, 10/01/40 | 3,735,868 | 3,943,142 | ||||||
Pool #A94742, 4.000%, 11/01/40 | 409,598 | 432,923 | ||||||
Pool #A95084, 4.000%, 11/01/40 | 446,134 | 475,857 | ||||||
Pool #A95085, 4.000%, 11/01/40 | 2,239,310 | 2,360,779 | ||||||
Pool #A95796, 4.000%, 12/01/40 | 1,663,038 | 1,753,248 | ||||||
Pool #A95822, 4.000%, 12/01/40 | 3,677,646 | 3,887,180 | ||||||
Pool #A97047, 4.500%, 02/01/41 | 528,205 | 570,195 | ||||||
Pool #Q00291, 5.000%, 04/01/41 | 438,489 | 485,052 | ||||||
Pool #Q17103, 4.000%, 06/01/41 | 425,607 | 448,694 | ||||||
Pool #G06802, 4.500%, 10/01/41 | 3,995,401 | 4,312,369 | ||||||
Pool #849139, 3.200%, 09/01/43(a)(d) | 9,844,846 | 10,113,326 | ||||||
|
| |||||||
109,239,655 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Pool #AM3353, 2.450%, 05/01/23 | 712,509 | 690,323 | ||||||
Pool #AM3910, 2.670%, 07/01/23 | 532,567 | 526,578 | ||||||
Pool #AM3893, 2.940%, 07/01/23 | 534,072 | 538,263 | ||||||
Pool #AM4353, 3.740%, 09/01/23 | 4,410,511 | 4,674,907 | ||||||
Pool #AM5146, 3.470%, 01/01/24 | 975,020 | 1,017,138 | ||||||
Pool #AJ8325, 3.000%, 12/01/26 | 1,814,144 | 1,874,898 | ||||||
Pool #AB6472, 2.000%, 10/01/27 | 4,090,488 | 4,007,386 | ||||||
Pool #AB6644, 2.500%, 10/01/27 | 1,683,229 | 1,702,872 | ||||||
Pool #AB7158, 2.500%, 12/01/27 | 1,690,178 | 1,709,904 | ||||||
Pool #AR1524, 2.000%, 01/01/28 | 8,189,436 | 8,022,927 | ||||||
Pool #MA0199, 4.000%, 10/01/29 | 403,160 | 428,951 |
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #MA0427, 4.000%, 05/01/30 | 393,722 | 418,987 | ||||||
Pool #AB1763, 4.000%, 11/01/30 | 873,579 | 933,853 | ||||||
Pool #MA0804, 4.000%, 07/01/31 | 1,455,805 | 1,556,270 | ||||||
Pool #AB4168, 3.500%, 01/01/32 | 2,668,610 | 2,784,701 | ||||||
Pool #MA0949, 3.500%, 01/01/32 | 2,774,402 | 2,894,983 | ||||||
Pool #MA0976, 3.500%, 02/01/32 | 214,174 | 223,495 | ||||||
Pool #AK4934, 3.500%, 02/01/32 | 96,595 | 100,800 | ||||||
Pool #AP9592, 3.500%, 10/01/32 | 4,069,195 | 4,246,161 | ||||||
Pool #MA1630, 4.000%, 10/01/33 | 1,506,480 | 1,602,898 | ||||||
Pool #255458, 5.500%, 11/01/34 | 336,098 | 376,856 | ||||||
Pool #843434, 5.500%, 05/01/35 | 558,453 | 625,827 | ||||||
Pool #745044, 4.500%, 08/01/35 | 1,034,941 | 1,121,561 | ||||||
Pool #190370, 6.000%, 06/01/36 | 2,498,827 | 2,834,871 | ||||||
Pool #AI7951, 4.500%, 08/01/36 | 1,200,352 | 1,295,811 | ||||||
Pool #890547, 4.000%, 11/01/36 | 3,334,311 | 3,523,750 | ||||||
Pool #745950, 6.000%, 11/01/36 | 2,618,892 | 2,970,991 | ||||||
Pool #AJ5974, 4.000%, 12/01/36 | 682,847 | 721,849 | ||||||
Pool #995082, 5.500%, 08/01/37 | 1,591,272 | 1,783,320 | ||||||
Pool #890248, 6.000%, 08/01/37 | 563,065 | 641,230 | ||||||
Pool #AB7572, 3.000%, 01/01/38 | 558,733 | 557,401 | ||||||
Pool #889529, 6.000%, 03/01/38 | 228,500 | 260,137 | ||||||
Pool #995243, 4.500%, 08/01/38 | 2,526,281 | 2,727,184 | ||||||
Pool #AU4728, 4.000%, 09/01/38 | 2,019,769 | 2,136,310 | ||||||
Pool #971036, 4.500%, 02/01/39 | 116,278 | 125,525 | ||||||
Pool #930672, 4.500%, 03/01/39 | 1,948,052 | 2,123,673 |
See Notes to Financial Statements.
86
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Total Return Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #995724, 6.000%, 04/01/39 | 2,055,059 | 2,351,872 | ||||||
Pool #AC1877, 4.500%, 09/01/39 | 1,321,042 | 1,427,556 | ||||||
Pool #AC2817, 4.000%, 10/01/39 | 645,399 | 681,075 | ||||||
Pool #AC5401, 5.000%, 10/01/39 | 85,975 | 94,956 | ||||||
Pool #AC5445, 5.000%, 11/01/39 | 1,465,682 | 1,631,485 | ||||||
Pool #AE0215, 4.000%, 12/01/39 | 1,090,336 | 1,150,607 | ||||||
Pool #932441, 4.000%, 01/01/40 | 8,786,586 | 9,272,290 | ||||||
Pool #AC9564, 4.500%, 02/01/40 | 1,092,361 | 1,189,615 | ||||||
Pool #AD1649, 4.000%, 03/01/40 | 1,167,042 | 1,231,554 | ||||||
Pool #AD8033, 4.000%, 08/01/40 | 457,094 | 482,361 | ||||||
Pool #AE0216, 4.000%, 08/01/40 | 2,500,825 | 2,639,065 | ||||||
Pool #AB1343, 4.500%, 08/01/40 | 2,457,885 | 2,680,968 | ||||||
Pool #190405, 4.000%, 10/01/40(d) | 531,391 | 560,765 | ||||||
Pool #AE4113, 4.000%, 10/01/40 | 735,194 | 776,658 | ||||||
Pool #AE4192, 4.000%, 10/01/40 | 3,542,478 | 3,752,966 | ||||||
Pool #AE9284, 4.000%, 11/01/40 | 900,198 | 949,959 | ||||||
Pool #AE5143, 4.000%, 11/01/40 | 531,525 | 560,907 | ||||||
Pool #AE0624, 4.000%, 11/01/40 | 1,645,302 | 1,736,959 | ||||||
Pool #AE4414, 4.000%, 11/01/40 | 3,952,772 | 4,171,273 | ||||||
Pool #AE0625, 4.000%, 12/01/40 | 1,202,107 | 1,276,627 | ||||||
Pool #AL0005, 4.500%, 01/01/41 | 1,295,500 | 1,401,799 | ||||||
Pool #AL0240, 4.000%, 04/01/41 | 2,847,300 | 3,016,619 | ||||||
Pool #AL0215, 4.500%, 04/01/41 | 5,978,127 | 6,470,585 | ||||||
Pool #AB2694, 4.500%, 04/01/41 | 1,472,240 | 1,594,588 | ||||||
Pool #AB3274, 4.500%, 07/01/41 | 4,233,942 | 4,601,796 |
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #AL1627, 4.500%, 09/01/41 | 297,394 | 322,771 | ||||||
Pool #MA1044, 3.000%, 04/01/42 | 2,812,600 | 2,780,877 | ||||||
Pool #AP4784, 3.000%, 09/01/42 | 1,061,136 | 1,048,783 | ||||||
Pool #AR9198, 3.000%, 03/01/43 | 7,669,368 | 7,575,351 | ||||||
Pool #AT0682, 3.000%, 04/01/43 | 4,758,026 | 4,699,683 | ||||||
Pool #AT2014, 3.000%, 04/01/43 | 2,379,227 | 2,349,805 | ||||||
Pool #AT2723, 3.000%, 05/01/43(d) | 2,832,896 | 2,797,571 | ||||||
Pool #MA1458, 3.000%, 06/01/43 | 407,687 | 402,561 | ||||||
Pool #AM6713, 2.890%, 10/01/44(d) | 5,200,000 | 5,165,888 | ||||||
|
| |||||||
146,630,786 | ||||||||
|
| |||||||
Total U.S. Government Agency Mortgages | 255,870,441 | |||||||
|
| |||||||
U.S. Treasury Obligations 34.5% |
| |||||||
U.S. Treasury Bond 3.6% |
| |||||||
3.375%, 05/15/44 | 35,104,000 | 36,244,880 | ||||||
|
| |||||||
U.S. Treasury Notes 30.9% | ||||||||
0.500%, 10/15/14 | 26,736,000 | 26,739,128 | ||||||
0.875%, 02/28/17 | 127,086,000 | 127,215,119 | ||||||
1.500%, 01/31/19(h) | 65,231,000 | 64,823,306 | ||||||
2.375%, 08/15/24 | 99,310,000 | 98,161,778 | ||||||
|
| |||||||
316,939,331 | ||||||||
|
| |||||||
Total U.S. Treasury Obligations |
| 353,184,211 | ||||||
|
| |||||||
Foreign Government Bonds 1.0% |
| |||||||
Sovereign 1.0% | ||||||||
Brazilian Government International Bond, 7.125%, 01/20/37 | 3,154,000 | 3,871,535 | ||||||
Indonesia Government International Bond, 6.625%, 02/17/37(b) | 2,912,000 | 3,290,560 | ||||||
Mexico Government International Bond, 5.550%, 01/21/45 | 1,386,000 | 1,539,846 | ||||||
Turkey Government International Bond, 6.875%, 03/17/36 | 1,509,000 | 1,729,767 | ||||||
|
| |||||||
Total Foreign Government Bonds | 10,431,708 | |||||||
|
|
See Notes to Financial Statements.
87
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Total Return Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Short-Term Investment 0.5% |
| |||||||
RidgeWorth Funds Securities Lending Joint Account(i) | 4,742,930 | 4,742,930 | ||||||
|
| |||||||
Total Short-Term Investment |
| 4,742,930 | ||||||
|
| |||||||
Money Market Fund 4.0% |
| |||||||
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(j) | 41,000,477 | 41,000,477 | ||||||
|
| |||||||
Total Money Market Fund |
| 41,000,477 | ||||||
|
| |||||||
Total Investments |
| 1,052,044,227 | ||||||
Liabilities in Excess of Other Assets —(2.8)% | (28,326,867 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 1,023,717,360 | ||||||
|
|
(a) | Variable or floating rate security. Rate disclosed is as of September 30, 2014. |
(b) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s investment adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 12.9% of net assets as of September 30, 2014. |
(c) | The security does not have a stated settlement date and will receive a rate upon settling with the custodian. |
(d) | All or a portion of this security has been purchased on a when-issued or delayed-delivery basis. |
(e) | Less than 0.05% of Net Assets. |
(f) | The security or a partial position of the security was on loan as of September 30, 2014. The total value of securities on loan as of September 30, 2014 was $4,609,637. |
(g) | Perpetual maturity. |
(h) | All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments. |
(i) | Purchased with cash collateral held from securities lending. The value of the collateral could include collateral held for securities that were sold on or before September 30, 2014(See Note 2(k)). |
(j) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
Investment Abbreviations
MTN | — | Medium Term Note | ||
RB | — | Revenue Bond | ||
REMIC | — | Real Estate Mortgage Investment Conduit | ||
WL | — | Whole Loan. |
At September 30, 2014, the Fund’s open credit default swap contracts were as follows:
OTC Credit Default Swap Contract — Buy Protection
Underlying Instrument | Counterparty | Notional Amount | Fixed Rate | Expiration Date | Implied Credit Spread* | Upfront Payments Made | Value | Unrealized Appreciation | ||||||||||||||||||||||
Target Corp. | Barclays Bank PLC | $2,000,000 | 1.000 | % | 06/20/19 | 4.628 | % | $(55,362) | $(51,630) | $3,732 |
As the buyer of protection, the Fund pays periodic fees in return for payment by the seller which is contingent upon an adverse credit event occurring in the underlying issuer or reference entity.
OTC Credit Default Swap Contract — Sell Protection
Underlying Instrument | Counterparty | Notional Amount | Fixed Rate | Expiration Date | Implied Credit Spread* | Upfront Payments Made | Value | Unrealized Appreciation | ||||||||||||||||||||||
Kohl’s Corp. | JPMorgan | $2,000,000 | 1.000 | % | 09/20/19 | 10.246 | % | $(18,512) | $(2,335) | $16,177 |
The notional amount represents the maximum potential amount the Fund could be required to pay as seller of credit protection if a credit event occurs, as defined under the terms of the swap contract, for each security included in Kohl’s Corp.
See Notes to Financial Statements.
88
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Total Return Bond Fund — concluded
The value column indicates the impact each respective swap agreement has on the Fund’s Net Assets at September 30, 2014.
* | Implied credit spreads serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular reference entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the reference entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. |
OTC Interest Rate Swap Contracts
At September 30, 2014, the Fund’s open interest rate swap contracts were as follows:
Counterparty | Payments Made by Fund | Payments Received by Fund | Notional Amount | Expiration Date | Upfront Payments Made (Received) | Value | Unrealized Appreciation (Depreciation) | |||||||||||||||||||
JPMorgan | BZDIOVRA-Floating | 11.08%-Fixed | BRL 44,516,980 | 01/02/17 | $— | $(314,615 | ) | $(314,615 | ) | |||||||||||||||||
JPMorgan | BZDIOVRA-Floating | 11.76%-Fixed | BRL 18,649,146 | 01/02/17 | — | 20,914 | 20,914 | |||||||||||||||||||
|
|
|
| |||||||||||||||||||||||
$(293,701 | ) | $(293,701 | ) | |||||||||||||||||||||||
|
|
|
|
BRL | — | Brazilian Real | ||
BZDIOVRA | — | Brazil Interbank |
The value column indicates the impact each respective swap agreement has on the Fund’s Net Assets at September 30, 2014.
Forward Foreign Currency Contracts
At September 30, 2014, the Fund’s forward foreign currency contracts were as follows:
Currency | Counterparty | Delivery Date | Contract Amount in Local Currency | Contract Value in USD | Market Value | Unrealized Appreciation (Depreciation) | ||||||||||||||||
Short: |
| |||||||||||||||||||||
Brazilian Real | JPMorgan | 10/02/14 | 40,234,305 | $ | 16,418,814 | $ | 16,437,261 | $ | (18,447 | ) | ||||||||||||
Chilean Peso | JPMorgan | 12/16/14 | 2,808,387,500 | 4,670,915 | 4,665,227 | 5,688 | ||||||||||||||||
Euro | JPMorgan | 11/03/14 | 14,892,458 | 19,579,115 | 18,813,798 | 765,317 | ||||||||||||||||
Indonesian Rupiah | JPMorgan | 11/12/14 | 87,527,125,000 | 7,330,580 | 7,133,575 | 197,005 | ||||||||||||||||
Indonesian Rupiah | JPMorgan | 11/12/14 | 87,527,125,000 | 7,076,902 | 7,133,575 | (56,673 | ) | |||||||||||||||
Japanese Yen | JPMorgan | 10/02/14 | 1,042,902,436 | 10,299,101 | 9,509,026 | 790,075 | ||||||||||||||||
|
|
|
|
|
| |||||||||||||||||
Total Short Contracts | $ | 65,375,427 | $ | 63,692,462 | $ | 1,682,965 | ||||||||||||||||
|
|
|
|
|
|
Currency | Counterparty | Delivery Date | Contract Amount in Local Currency | Contract Value in USD | Market Value | Unrealized Appreciation (Depreciation) | ||||||||||||||||
Long: | ||||||||||||||||||||||
Brazilian Real | JPMorgan | 10/02/14 | 40,234,305 | $17,870,000 | $16,437,261 | $ | (1,432,739 | ) | ||||||||||||||
Brazilian Real | JPMorgan | 11/04/14 | 40,234,305 | 16,272,054 | 16,291,853 | 19,799 | ||||||||||||||||
Chilean Peso | JPMorgan | 12/16/14 | 2,808,387,500 | 4,702,749 | 4,665,227 | (37,522 | ) | |||||||||||||||
Euro | JPMorgan | 11/03/14 | 14,892,458 | 19,266,213 | 18,813,798 | (452,415 | ) | |||||||||||||||
Indonesian Rupiah | JPMorgan | 11/12/14 | 175,054,250,000 | 14,600,021 | 14,267,151 | (332,870 | ) | |||||||||||||||
Japanese Yen | JPMorgan | 10/02/14 | 1,042,902,436 | 9,664,243 | 9,509,026 | (155,217 | ) | |||||||||||||||
Mexican Peso | JPMorgan | 11/10/14 | 460,788,607 | 34,896,331 | 34,216,330 | (680,001 | ) | |||||||||||||||
|
|
|
|
|
| |||||||||||||||||
Total Long Contracts | $ | 117,271,611 | $ | 114,200,646 | $ | (3,070,965 | ) | |||||||||||||||
|
|
|
|
|
|
As of September 30, 2014, the Fund had the following unfunded loan commitments:
Borrower | Unfunded Commitments | Unrealized Depreciation | ||||||
Ziggo B.V., USD Term Loan B2 | $ | 39,351 | $ | (27 | ) | |||
Ziggo B.V., USD Term Loan B3 | 805,385 | (22,089 | ) | |||||
|
|
|
| |||||
$ | 844,736 | $ | (22,116 | ) | ||||
|
|
|
|
The commitments are available until the maturity date of the respective security.
See Notes to Financial Statements.
89
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Ultra-Short Bond Fund
Shares or Principal Amount($) | Value($) | |||||||
Asset-Backed Securities 12.7% | ||||||||
Automobiles 5.1% |
| |||||||
Ally Auto Receivables Trust, Series 2010-4, Cl A4, 1.350%, 12/15/15 | 182,916 | 182,990 | ||||||
AmeriCredit Automobile Receivables Trust, Series 2014-2, Cl A2A, 0.540%, 10/10/17 | 1,065,000 | 1,065,107 | ||||||
California Republic Auto Receivables Trust, Series 2014-1, Cl A3, 0.850%, 05/15/18(a) | 620,000 | 619,571 | ||||||
Ford Credit Auto Owner Trust, Series 2011-B, Cl A4, 1.350%, 12/15/16 | 607,327 | 609,561 | ||||||
Harley-Davidson Motorcycle Trust, Series 2011-2, Cl A3, 1.110%, 09/15/16 | 65,322 | 65,359 | ||||||
Honda Auto Receivables Owner Trust, Series 2013-2, Cl A3, 0.530%, 02/16/17 | 2,655,000 | 2,656,346 | ||||||
Honda Auto Receivables Owner Trust, Series 2014-1, Cl A2, 0.410%, 09/21/16 | 520,000 | 520,024 | ||||||
Hyundai Auto Receivables Trust, Series 2011-C, Cl A4, 1.300%, 02/15/18 | 1,390,884 | 1,399,302 | ||||||
Volkswagen Auto Loan Enhanced Trust, Series 2012-1, Cl A3, 0.850%, 08/22/16 | 233,004 | 233,419 | ||||||
World Omni Automobile Lease Securitization Trust, Series 2012-A, Cl A3, 0.930%, 11/16/15 | 101,026 | 101,055 | ||||||
|
| |||||||
7,452,734 | ||||||||
|
| |||||||
Credit Card 6.1% |
| |||||||
American Express Credit Account Master Trust, Series 2014-2, Cl A, 1.260%, 01/15/20 | 1,000,000 | 996,142 | ||||||
BA Credit Card Trust, Series 2014-A2, Cl A, 0.424%, 09/16/19(b) | 1,250,000 | 1,251,221 | ||||||
Barclays Dryrock Issuance Trust, Series 2013-1, Cl A, 0.494%, 07/16/18(b) | 440,000 | 440,384 | ||||||
Cabela’s Master Credit Card Trust, Series 2014-1, Cl A, 0.504%, 03/16/20(b) | 1,436,000 | 1,435,111 |
Shares or Principal Amount($) | Value($) | |||||||
Credit Card—continued | ||||||||
Capital One Multi-Asset Execution Trust, Series 2005-B1, Cl B1, 4.900%, 12/15/17 | 700,000 | 710,794 | ||||||
Capital One Multi-Asset Execution Trust, Series 2013-A3, Cl A3, 0.960%, 09/16/19 | 1,035,000 | 1,031,987 | ||||||
Chase Issuance Trust, Series 2014-A1, Cl A1, 1.150%, 01/15/19 | 1,680,000 | 1,678,587 | ||||||
Citibank Credit Card Issuance Trust, Series 2013-A10, Cl A10, 0.730%, 02/07/18 | 1,300,000 | 1,300,603 | ||||||
�� |
| |||||||
8,844,829 | ||||||||
|
| |||||||
Other 0.1% |
| |||||||
FPL Recovery Funding LLC, Series 2007-A, Cl A3, 5.127%, 08/01/17 | 183,315 | 187,416 | ||||||
|
| |||||||
Student Loan Asset Backed Security 1.4% |
| |||||||
SLM Student Loan Trust, Series 2013-1, Cl A2, 0.405%, 09/25/19(b) | 1,569,000 | 1,566,730 | ||||||
SLM Student Loan Trust, Series 2013-5, Cl A1, 0.415%, 05/25/18(b) | 413,981 | 414,003 | ||||||
|
| |||||||
1,980,733 | ||||||||
|
| |||||||
Total Asset-Backed Securities | 18,465,712 | |||||||
|
| |||||||
Collateralized Mortgage Obligations 22.4% |
| |||||||
Agency Collateralized Mortgage Obligations 4.5% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series 3792, Cl DF, REMIC, 0.554%, 11/15/40(b) | 1,581,791 | 1,593,712 | ||||||
Series 3824, Cl FA, REMIC, 0.304%, 03/15/26(b) | 743,927 | 744,268 | ||||||
|
| |||||||
2,337,980 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Series 2005-92, Cl UF, 0.505%, 10/25/25(b) | 191,302 | 192,029 | ||||||
Series 2007-109, Cl NF, 0.705%, 12/25/37(b) | 682,588 | 690,697 | ||||||
Series 2007-54, Cl KF, 0.465%, 06/25/37(b) | 385,753 | 387,480 | ||||||
Series 2010-134, Cl BF, 0.585%, 10/25/40(b) | 817,525 | 822,479 |
See Notes to Financial Statements.
90
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Ultra-Short Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Agency Collateralized Mortgage Obligations—continued |
| |||||||
Series 2013-M5, Cl ASQ2, 0.595%, 08/25/15 | 1,272,743 | 1,273,551 | ||||||
|
| |||||||
3,366,236 | ||||||||
|
| |||||||
NCUA Guaranteed Notes | ||||||||
Series 2011-R5, Cl 1A, 0.537%, 04/06/20(b) | 501,019 | 501,967 | ||||||
Series 2011-R6, Cl 1A, 0.536%, 05/07/20(b) | 415,596 | 415,988 | ||||||
|
| |||||||
917,955 | ||||||||
|
| |||||||
6,622,171 | ||||||||
|
| |||||||
Agency Collateralized Planned Amortization Class Mortgage Obligations 0.3% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series 3200, Cl FP, 0.354%, 08/15/36(b) | 308,414 | 307,808 | ||||||
Federal National Mortgage Association | ||||||||
Series 2005-42, Cl PF, 0.355%, 05/25/35(b) | 171,916 | 172,558 | ||||||
|
| |||||||
480,366 | ||||||||
|
| |||||||
Commercial Mortgage Backed Securities 16.4% |
| |||||||
Banc of America Commercial Mortgage, Inc. | ||||||||
Series 2004-6, Cl AJ, 4.870%, 12/10/42(a)(b) | 1,535,000 | 1,536,474 | ||||||
Series 2005-2, Cl AM, 4.913%, 07/10/43(b) | 185,000 | 188,298 | ||||||
|
| |||||||
1,724,772 | ||||||||
|
| |||||||
Bear Stearns Commercial Mortgage Securities Trust | ||||||||
Series 2005-PW10, Cl A4, 5.405%, 12/11/40(b) | 888,409 | 919,397 | ||||||
Series 2006-PW14, Cl A4, 5.201%, 12/11/38 | 1,715,000 | 1,839,559 | ||||||
|
| |||||||
2,758,956 | ||||||||
|
| |||||||
Commercial Mortgage Trust | ||||||||
Series 2005-C6, Cl A5A, 5.116%, 06/10/44(b) | 940,551 | 957,399 | ||||||
Series 2005-C6, Cl AJ, 5.209%, 06/10/44(b) | 760,000 | 781,767 | ||||||
|
| |||||||
1,739,166 | ||||||||
|
| |||||||
Credit Suisse Commercial Mortgage Trust | ||||||||
Series 2006-C3, Cl A3, 5.999%, 06/15/38(b) | 800,781 | 848,131 |
Shares or Principal Amount($) | Value($) | |||||||
Commercial Mortgage Backed Securities—continued |
| |||||||
Series 2006-C5, Cl A3, 5.311%, 12/15/39(a) | 1,577,701 | 1,684,208 | ||||||
|
| |||||||
2,532,339 | ||||||||
|
| |||||||
Credit Suisse First Boston Mortgage Securities Corp. | ||||||||
Series 2005-C1, Cl A4, 5.014%, 02/15/38(b) | 291,373 | 291,919 | ||||||
|
| |||||||
FDIC Structured Sale Guaranteed Notes | ||||||||
Series 2011-C1, Cl A, 1.840%, 04/25/31(b)(c) | 110,158 | 110,413 | ||||||
|
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series KF04, Cl A, 0.466%, 06/25/21(b) | 1,388,434 | 1,388,434 | ||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Series 2011-M1, Cl FA, 0.605%, 06/25/21(b) | 1,486,846 | 1,495,507 | ||||||
Series 2013-M11, Cl A, 1.500%, 01/25/18 | 2,090,736 | 2,105,545 | ||||||
|
| |||||||
3,601,052 | ||||||||
|
| |||||||
GMAC Commercial Mortgage Securities, Inc. | ||||||||
Series 2005-C1, Cl AM, 4.754%, 05/10/43 | 1,681,925 | 1,702,732 | ||||||
|
| |||||||
JPMorgan Chase Commercial Mortgage Securities Trust | ||||||||
Series 2005-LDP1, Cl A4, 5.038%, 03/15/46(b) | 576,625 | 578,007 | ||||||
|
| |||||||
LB Commercial Mortgage Trust | ||||||||
Series 1998-C4, Cl G, 5.600%, 10/15/35(c) | 30,872 | 30,866 | ||||||
|
| |||||||
LB-UBS Commercial Mortgage Trust | ||||||||
Series 2006-C7, Cl A3, 5.347%, 11/15/38 | 1,020,000 | 1,095,430 | ||||||
|
| |||||||
Merrill Lynch Mortgage Trust | ||||||||
Series 2005-CKI1, Cl A6, 5.462%, 11/12/37(b) | 1,381,217 | 1,425,746 | ||||||
|
| |||||||
Morgan Stanley Bank of America Merrill Lynch Trust | ||||||||
Series 2013-C12, Cl A1, 1.313%, 10/15/46 | 1,135,875 | 1,134,094 | ||||||
Series 2014-C14, Cl A1, 1.250%, 02/15/47 | 414,064 | 411,383 | ||||||
|
| |||||||
1,545,477 | ||||||||
|
|
See Notes to Financial Statements.
91
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Ultra-Short Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Commercial Mortgage Backed Securities—continued |
| |||||||
Morgan Stanley Capital I Trust | ||||||||
Series 2006-IQ12, Cl A1A, 5.319%, 12/15/43 | 510,285 | 548,558 | ||||||
Wachovia Bank Commercial Mortgage Trust | ||||||||
Series 2005-C21, Cl A4, 5.414%, 10/15/44(b) | 1,427,261 | 1,470,423 | ||||||
Series 2005-C22, Cl A4, 5.449%, 12/15/44(b) | 1,309,391 | 1,354,784 | ||||||
|
| |||||||
2,825,207 | ||||||||
|
| |||||||
23,899,074 | ||||||||
|
| |||||||
Whole Loan Collateral Mortgage Obligations 1.2% |
| |||||||
Banc of America Mortgage Securities, Inc. | ||||||||
Series 2003-F, Cl 1A1, 2.498%, 07/25/33(b) | 378,264 | 364,518 | ||||||
|
| |||||||
Firstmac Mortgage Funding Trust Series | ||||||||
Series 2014-1AA, Cl A2A, 0.504%, 06/26/15(b)(c) | 1,350,000 | 1,350,296 | ||||||
|
| |||||||
1,714,814 | ||||||||
|
| |||||||
Total Collateralized Mortgage Obligations | 32,716,425 | |||||||
|
| |||||||
Corporate Bonds 51.7% | ||||||||
Advertising 0.4% | ||||||||
Omnicom Group, Inc., 5.900%, 04/15/16 | 505,000 | 542,179 | ||||||
|
| |||||||
Auto Manufacturers 2.3% | ||||||||
Daimler Finance North America LLC, 1.100%, 08/01/18(b)(c) | 1,665,000 | 1,692,716 | ||||||
PACCAR Financial Corp., 0.833%, 12/06/18, MTN(b) | 445,000 | 449,405 | ||||||
Volkswagen Group of America Finance LLC, 1.250%, 05/23/17(c) | 455,000 | 452,547 | ||||||
Volkswagen International Finance, 0.671%, 11/18/16(b)(c) | 785,000 | 788,655 | ||||||
|
| |||||||
3,383,323 | ||||||||
|
| |||||||
Banks 13.7% | ||||||||
Bank of America Corp., 1.053%, 03/22/16, MTN(a)(b) | 725,000 | 730,053 | ||||||
Bank of America Corp., 5.300%, 09/30/15, Series B, MTN | 865,000 | 903,787 | ||||||
Bank of Nova Scotia, 0.428%, 02/19/15 | 405,000 | 405,303 |
Shares or Principal Amount($) | Value($) | |||||||
Banks—continued |
| |||||||
Branch Banking & Trust Co., 0.554%, 09/13/16(b) | 900,000 | 898,392 | ||||||
Branch Banking & Trust Co., 0.664%, 12/01/16(b) | 1,215,000 | 1,220,998 | ||||||
Capital One Financial Corp., 0.877%, 11/06/15(b) | 740,000 | 743,433 | ||||||
Citigroup, Inc., 1.350%, 03/10/17 | 1,167,000 | 1,163,858 | ||||||
Fifth Third Bank, 0.900%, 02/26/16 | 2,020,000 | 2,023,820 | ||||||
Goldman Sachs Group, Inc. (The), 5.950%, 01/18/18 | 1,750,000 | 1,959,115 | ||||||
JPMorgan Chase & Co., 0.855%, 02/26/16, MTN(b) | 725,000 | 729,298 | ||||||
JPMorgan Chase & Co., 5.150%, 10/01/15 | 635,000 | 662,322 | ||||||
JPMorgan Chase & Co., 6.125%, 06/27/17(a) | 595,000 | 663,252 | ||||||
KeyBank NA, 0.725%, 11/25/16(b) | 1,620,000 | 1,627,262 | ||||||
KeyBank NA, 1.100%, 11/25/16 | 600,000 | 600,911 | ||||||
Morgan Stanley, 1.485%, 02/25/16(a)(b) | 720,000 | 729,755 | ||||||
Morgan Stanley, 5.375%, 10/15/15 | 780,000 | 816,888 | ||||||
PNC Funding Corp., 2.700%, 09/19/16 | 1,940,000 | 2,001,832 | ||||||
Wachovia Bank NA, 0.564%, 03/15/16, MTN(a)(b) | 1,271,000 | 1,274,015 | ||||||
Wells Fargo & Co., 1.250%, 07/20/16 | 860,000 | 865,002 | ||||||
|
| |||||||
20,019,296 | ||||||||
|
| |||||||
Beverages 0.8% |
| |||||||
Dr. Pepper Snapple Group, Inc., 2.900%, 01/15/16 | 425,000 | 436,558 | ||||||
SABMiller Holdings, Inc., 2.450%, 01/15/17(c) | 755,000 | 771,309 | ||||||
|
| |||||||
1,207,867 | ||||||||
|
| |||||||
Biotechnology 1.5% |
| |||||||
Gilead Sciences, Inc., 2.400%, 12/01/14 | 2,140,000 | 2,147,700 | ||||||
|
| |||||||
Chemicals 1.9% |
| |||||||
Airgas, Inc., 3.250%, 10/01/15 | 670,000 | 685,330 | ||||||
Ecolab, Inc., 2.375%, 12/08/14 | 735,000 | 737,746 | ||||||
Sherwin-Williams Co. (The), 3.125%, 12/15/14 | 1,265,000 | 1,272,204 | ||||||
|
| |||||||
2,695,280 | ||||||||
|
|
See Notes to Financial Statements.
92
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Ultra-Short Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Commercial Services 0.4% |
| |||||||
ERAC USA Finance LLC, 1.400%, 04/15/1(c) | 590,000 | 594,170 | ||||||
|
| |||||||
Computers 0.8% |
| |||||||
Apple, Inc., 1.050%, 05/05/17(a) | 340,000 | 338,843 | ||||||
Hewlett-Packard Co., 3.000%, 09/15/1(a) | 770,000 | 796,892 | ||||||
|
| |||||||
1,135,735 | ||||||||
|
| |||||||
Distribution/Wholesale 0.5% |
| |||||||
Glencore Funding LLC, 1.398%, 05/27/16(b)(c) | 745,000 | 750,143 | ||||||
|
| |||||||
Diversified Financial Services 3.7% |
| |||||||
American Express Credit Corp., 0.744%, 07/29/16(b) | 2,154,000 | 2,165,367 | ||||||
Ford Motor Credit Co. LLC, 1.013%, 01/17/17, Series 00, MTN(a)(b) | 550,000 | 554,623 | ||||||
Ford Motor Credit Co. LLC, 5.000%, 05/15/18 | 665,000 | 726,277 | ||||||
General Electric Capital Corp., 0.884%, 07/12/16, MTN(b) | 695,000 | 701,026 | ||||||
Hyundai Capital America, 1.875%, 08/09/16(a)(c) | 570,000 | 577,074 | ||||||
Woodside Finance Ltd., 4.500%, 11/10/14(a)(c) | 665,000 | 667,752 | ||||||
|
| |||||||
5,392,119 | ||||||||
|
| |||||||
Electric 2.0% |
| |||||||
Constellation Energy Group, Inc., 4.550%, 06/15/15 | 695,000 | 713,228 | ||||||
Duke Energy Corp., 0.615%, 04/03/17(b) | 1,010,000 | 1,013,512 | ||||||
NextEra Energy Capital Holdings, Inc., 2.600%, 09/01/15 | 621,000 | 632,023 | ||||||
PSEG Power LLC, 2.750%, 09/15/16 | 530,000 | 547,836 | ||||||
|
| |||||||
2,906,599 | ||||||||
|
| |||||||
Electronics 0.5% |
| |||||||
Amphenol Corp., 4.750%, 11/15/14 | 700,000 | 703,467 | ||||||
|
| |||||||
Food 0.8% |
| |||||||
ConAgra Foods, Inc., 0.603%, 07/21/16(b) | 615,000 | 615,769 | ||||||
Kraft Foods Group, Inc., 1.625%, 06/04/15 | 610,000 | 614,540 | ||||||
|
| |||||||
1,230,309 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Healthcare-Services 2.8% |
| |||||||
Aetna, Inc., 1.750%, 05/15/17 | 590,000 | 593,597 | ||||||
Providence Health & Services Obligated Group, 1.035%, 10/01/16(a)(b) | 1,520,000 | 1,523,648 | ||||||
UnitedHealth Group, Inc., 1.875%, 11/15/16 | 1,450,000 | 1,475,498 | ||||||
UnitedHealth Group, Inc., 4.875%, 03/15/15 | 545,000 | 556,022 | ||||||
|
| |||||||
4,148,765 | ||||||||
|
| |||||||
Housewares 0.4% |
| |||||||
Newell Rubbermaid, Inc., 2.000%, 06/15/15 | 520,000 | 524,948 | ||||||
|
| |||||||
Information Technology 1.0% |
| |||||||
Oracle Corp., 0.433%, 07/07/17(b) | 1,440,000 | 1,441,580 | ||||||
|
| |||||||
Insurance 5.7% |
| |||||||
Metropolitan Life Global Funding I, 0.764%, 07/15/16(b)(c) | 2,100,000 | 2,116,825 | ||||||
Metropolitan Life Global Funding I, 1.700%, 06/29/15(a)(c) | 220,000 | 222,148 | ||||||
New York Life Global Funding, 1.125%, 03/01/17(c) | 2,015,000 | 2,015,059 | ||||||
Principal Life Global Funding II, 1.125%, 02/24/17(c) | 805,000 | 800,677 | ||||||
Principal Life Global Funding II, 1.200%, 05/19/17(c) | 1,320,000 | 1,309,700 | ||||||
Prudential Covered Trust, 2.997%, 09/30/15(c) | 1,871,250 | 1,910,157 | ||||||
|
| |||||||
8,374,566 | ||||||||
|
| |||||||
Machinery-Diversified 0.3% |
| |||||||
John Deere Capital Corp., 0.362%, 04/12/16, MTN(b) | 400,000 | 400,240 | ||||||
|
| |||||||
Media 2.0% |
| |||||||
NBCUniversal Enterprise, Inc., 0.771%, 04/15/16(b)(c) | 2,155,000 | 2,159,739 | ||||||
Viacom, Inc., 1.250%, 02/27/15 | 725,000 | 727,420 | ||||||
|
| |||||||
2,887,159 | ||||||||
|
| |||||||
Mining 0.5% |
| |||||||
Freeport-McMoRan, Inc., 2.375%, 03/15/18 | 735,000 | 736,865 | ||||||
|
| |||||||
Oil & Gas 2.7% |
| |||||||
BP Capital Markets PLC, 0.865%, 09/26/18(b) | 1,450,000 | 1,459,148 | ||||||
Ensco PLC, 3.250%, 03/15/16 | 900,000 | 927,060 |
See Notes to Financial Statements.
93
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Ultra-Short Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Oil & Gas—continued |
| |||||||
EOG Resources, Inc., 2.950%, 06/01/15 | 724,000 | 736,329 | ||||||
Marathon Oil Corp., 0.900%, 11/01/15(a) | 808,000 | 808,322 | ||||||
|
| |||||||
3,930,859 | ||||||||
|
| |||||||
Pharmaceuticals 1.9% |
| |||||||
AbbVie, Inc., 1.200%, 11/06/15 | 1,995,000 | 2,002,507 | ||||||
McKesson Corp., 1.292%, 03/10/17 | 445,000 | 443,422 | ||||||
McKesson Corp., 2.284%, 03/15/19 | 375,000 | 372,265 | ||||||
|
| |||||||
2,818,194 | ||||||||
|
| |||||||
Pipelines 2.2% |
| |||||||
Enbridge, Inc., 0.885%, 10/01/16(b) | 636,000 | 639,907 | ||||||
Energy Transfer Partners LP, 5.950%, 02/01/15 | 690,000 | 701,360 | ||||||
Enterprise Products Operating LLC, 3.200%, 02/01/16 | 770,000 | 794,844 | ||||||
Kinder Morgan Energy Partners LP, 3.500%, 03/01/16 | 545,000 | 563,528 | ||||||
Spectra Energy Partners LP, 2.950%, 06/15/16(a) | 488,000 | 503,557 | ||||||
|
| |||||||
3,203,196 | ||||||||
|
| |||||||
Real Estate Investment Trust 0.9% |
| |||||||
Simon Property Group LP, 4.200%, 02/01/15 | 1,350,000 | 1,353,959 | ||||||
|
| |||||||
Software 0.4% |
| |||||||
Fiserv, Inc., 3.125%, 10/01/15 | 565,000 | 577,610 | ||||||
|
| |||||||
Telecommunication Services 1.3% |
| |||||||
American Tower Corp., 4.500%, 01/15/18(a) | 670,000 | 715,238 | ||||||
Verizon Communications, Inc., 0.632%, 06/09/17(b) | 390,000 | 390,931 | ||||||
Verizon Communications, Inc., 2.550%, 06/17/19(a) | 815,000 | 817,579 | ||||||
|
| |||||||
1,923,748 | ||||||||
|
| |||||||
Transportation 0.3% |
| |||||||
Norfolk Southern Corp., 5.750%, 01/15/16 | 350,000 | 371,499 | ||||||
|
| |||||||
Total Corporate Bonds | 75,401,375 | |||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Municipal Bonds 2.4% | ||||||||
New Jersey 1.2% | ||||||||
New Jersey Economic Development Authority, Series Q, RB, 1.096%, 06/15/16 | 1,755,000 | 1,751,578 | ||||||
|
| |||||||
South Carolina 1.2% |
| |||||||
South Carolina State Public Service Authority, Series D, RB, 1.257%, 06/01/16(b) | 1,690,000 | 1,701,238 | ||||||
|
| |||||||
Total Municipal Bonds | 3,452,816 | |||||||
|
| |||||||
U.S. Government Agency Mortgages 8.0% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Pool #1Q1404, 2.333%, 01/01/37(b) | 852,731 | 912,098 | ||||||
Pool #848852, 2.365%, 08/01/37(b) | 1,205,613 | 1,285,693 | ||||||
Pool #849139, 3.200%, 09/01/43(b)(d) | 1,500,350 | 1,541,266 | ||||||
|
| |||||||
3,739,057 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Pool #745935, 5.683%, 08/01/16 | 1,562,009 | 1,659,346 | ||||||
Pool #745889, 5.970%, 08/01/16 | 281,001 | 301,546 | ||||||
Pool #469408, 0.906%, 11/01/18(b) | 2,758,254 | 2,754,230 | ||||||
Pool #AL0968, 2.307%, 12/01/36(b) | 353,649 | 378,607 | ||||||
Pool #AD0380, 2.248%, 10/01/37(b) | 532,735 | 568,039 | ||||||
Pool #AL0966, 2.362%, 11/01/37(b) | 429,063 | 459,082 | ||||||
Pool #AL0967, 2.255%, 04/01/38(b) | 565,647 | 605,024 | ||||||
Pool #AT1150, 2.850%, 09/01/43(b) | 1,247,570 | 1,270,273 | ||||||
|
| |||||||
7,996,147 | ||||||||
|
| |||||||
Total U.S. Government Agency Mortgages | 11,735,204 | |||||||
|
|
See Notes to Financial Statements.
94
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Ultra-Short Bond Fund — concluded
Shares or Principal Amount($) | Value($) | |||||||
Money Market Fund 2.4% | ||||||||
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 0.00%(e) | 3,528,400 | 3,528,400 | ||||||
|
| |||||||
Total Money Market Fund | 3,528,400 | |||||||
|
| |||||||
Total Investments | 145,299,932 | |||||||
Other Assets in Excess of Liabilities — 0.4% | 518,303 | |||||||
|
| |||||||
Net Assets — 100.0% | $ | 145,818,235 | ||||||
|
|
(a) | All or a portion of this security has been segregated, or otherwise earmarked, in connection with obligations for when-issued or delayed-delivery purchase commitments. |
(b) | Variable or floating rate security. Rate disclosed is as of September 30, 2014. |
(c) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s investment adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 12.6% of net assets as of September 30, 2014. |
(d) | All or a portion of this security has been purchased on a when-issued or delayed-delivery basis. |
(e) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
Investment Abbreviations
MTN | — | Medium Term Note | ||
RB | — | Revenue Bond | ||
REMIC | — | Real Estate Mortgage Investment Conduit |
Open Futures Contracts
At September 30, 2014, the Fund’s open futures contracts was as follows:
Description | Position | Notional Amount | Expiration Month | Contracts | Unrealized Appreciation | |||||||||||||
U.S. Treasury 5 Year Note | Short | $(5,102,349 | ) | December 2014 | 43 | $17,263 | ||||||||||||
|
|
See Notes to Financial Statements.
95
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
U.S. Government Securities Fund
Shares or Principal Amount($) | Value($) | |||||||
U.S. Treasury Obligations 99.2% | ||||||||
U.S. Treasury Bonds 22.2% |
| |||||||
7.125%, 02/15/23 | 1,404,000 | 1,916,022 | ||||||
6.000%, 02/15/26 | 226,000 | 301,639 | ||||||
4.500%, 02/15/36 | 875,000 | 1,079,942 | ||||||
3.375%, 05/15/44 | 929,000 | 959,193 | ||||||
|
| |||||||
4,256,796 | ||||||||
|
| |||||||
U.S. Treasury Notes 77.0% |
| |||||||
0.500%, 06/15/16 | 3,465,000 | 3,468,250 | ||||||
1.000%, 03/31/17 | 4,090,000 | 4,102,462 | ||||||
0.750%, 03/31/18 | 3,795,000 | 3,716,728 | ||||||
1.500%, 01/31/19 | 2,010,000 | 1,997,438 | ||||||
1.625%, 11/15/22 | 1,580,000 | 1,493,223 | ||||||
|
| |||||||
14,778,101 | ||||||||
|
| |||||||
Total U.S. Treasury Obligations (Cost $18,801,078) | 19,034,897 | |||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
Money Market Fund 0.9% |
| |||||||
State Street Institutional Treasury Money Market Fund, Institutional Class, 0.00%(a) | 166,020 | 166,020 | ||||||
|
| |||||||
Total Money Market Fund | 166,020 | |||||||
|
| |||||||
Total Investments | 19,200,917 | |||||||
Liabilities in Excess of Other Assets — (0.1)% | (13,634 | ) | ||||||
|
| |||||||
Net Assets — 100.0% | $ | 19,187,283 | ||||||
|
|
(a) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
See Notes to Financial Statements.
96
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
U.S. Government Securities Ultra-Short Bond Fund
Shares or Principal Amount($) | Value($) | |||||||
Collateralized Mortgage Obligations 35.5% | ||||||||
Agency Collateralized Mortgage Obligations 16.9% |
| |||||||
Federal Home Loan Bank | ||||||||
Series Y2-2015, Cl 1, 2.600%, 04/20/15 | 1,936,516 | 1,956,917 | ||||||
|
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series 3000, Cl FG, 0.454%, 07/15/25(a) | 2,309,961 | 2,314,133 | ||||||
Series 3065, Cl DF, REMIC, 0.534%, 04/15/35(a) | 35,738,077 | 35,926,738 | ||||||
Series 3135, Cl FC, 0.454%, 04/15/26(a) | 2,646,672 | 2,652,373 | ||||||
Series 3264, Cl FB, 0.524%, 01/15/37(a) | 1,412,552 | 1,418,743 | ||||||
Series 328, Cl F4, STRIPS, 0.506%, 02/15/38(a) | 42,545,141 | 42,611,426 | ||||||
Series 3320, Cl FC, 0.324%, 05/15/37(a) | 5,360,384 | 5,375,340 | ||||||
Series 3450, Cl AF, 0.864%, 05/15/38(a) | 1,752,914 | 1,780,430 | ||||||
Series 3511, Cl FA, 1.154%, 02/15/39(a) | 6,198,984 | 6,378,593 | ||||||
Series 3574, Cl MA, 4.000%, 09/15/21 | 1,293,584 | 1,314,515 | ||||||
Series 3593, Cl F, 0.656%, 03/15/36(a) | 5,146,637 | 5,225,236 | ||||||
Series 3792, Cl DF, REMIC, 0.554%, 11/15/40(a) | 3,670,370 | 3,698,030 | ||||||
Series 3812, Cl BE, 2.750%, 09/15/18 | 4,147,618 | 4,262,743 | ||||||
Series 3824, Cl FA, REMIC, 0.304%, 03/15/26(a) | 8,403,948 | 8,407,797 | ||||||
Series 3838, Cl LE, REMIC, 3.500%, 04/15/22 | 6,050,170 | 6,337,898 | ||||||
|
| |||||||
127,703,995 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Series 2005-92, Cl UF, 0.505%, 10/25/25(a) | 2,277,108 | 2,285,755 | ||||||
Series 2006-84, Cl FQ, 0.705%, 09/25/36(a) | 2,695,768 | 2,727,077 | ||||||
Series 2007-102, Cl FA, 0.725%, 11/25/37(a) | 3,421,483 | 3,465,312 | ||||||
Series 2007-109, Cl NF, 0.705%, 12/25/37(a) | 9,358,675 | 9,469,866 | ||||||
Series 2007-2, Cl FM, 0.405%, 02/25/37(a) | 1,648,904 | 1,653,687 | ||||||
Series 2007-30, Cl WF, 0.395%, 04/25/37(a) | 10,369,055 | 10,394,812 |
Shares or Principal Amount($) | Value($) | |||||||
Agency Collateralized Mortgage Obligations—continued |
| |||||||
Series 2007-54, Cl KF, 0.465%, 06/25/37(a) | 4,979,719 | 5,002,013 | ||||||
Series 2007-88, CI JF, 0.705%, 04/25/37(a) | 6,507,229 | 6,577,455 | ||||||
Series 2010-134, Cl BF, 0.585%, 10/25/40(a) | 8,783,195 | 8,836,421 | ||||||
Series 2010-42, Cl AF, 0.755%, 05/25/40(a) | 5,069,864 | 5,131,478 | ||||||
Series 3726, Cl DE, REMIC, 1.500%, 08/15/20 | 2,842,034 | 2,867,965 | ||||||
|
| |||||||
58,411,841 | ||||||||
|
| |||||||
Mortgage-Linked Amortizing Notes | ||||||||
Series 2012-1, Cl A10, 2.060%, 01/15/22 | 8,054,000 | 8,126,825 | ||||||
|
| |||||||
NCUA Guaranteed Notes | ||||||||
Series 2010-R1, Cl 1A, 0.606%, 10/07/20(a) | 22,321,890 | 22,436,937 | ||||||
Series 2010-R1, Cl 2A, 1.840%, 10/07/20 | 5,439,767 | 5,480,375 | ||||||
Series 2010-R2, Cl 2A, 0.626%, 11/05/20(a) | 13,699,878 | 13,761,829 | ||||||
Series 2011-R1, Cl 1A, 0.606%, 01/08/20(a) | 14,620,680 | 14,691,137 | ||||||
Series 2011-R2, Cl 1A, 0.556%, 02/06/20(a) | 18,841,220 | 18,909,444 | ||||||
Series 2011-R4, Cl 1A, 0.536%, 03/06/20(a) | 14,867,277 | 14,901,650 | ||||||
|
| |||||||
90,181,372 | ||||||||
|
| |||||||
NCUA Guaranteed Notes Trust 2010-A1 | ||||||||
Series 2010-A1, Cl A, 0.504%, 12/07/20(a) | 8,585,147 | 8,594,763 | ||||||
|
| |||||||
294,975,713 | ||||||||
|
| |||||||
Agency Collateralized Planned Amortization Class Mortgage Obligations 4.3% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series 3200, Cl FP, 0.354%, 08/15/36(a) | 4,567,719 | 4,558,739 | ||||||
Series 3925, Cl FD, REMIC, 0.604%, 07/15/40(a) | 3,137,212 | 3,163,630 | ||||||
Series 4203, Cl PF, REMIC, 0.404%, 09/15/42(a) | 30,592,470 | 30,679,200 | ||||||
|
| |||||||
38,401,569 | ||||||||
|
|
See Notes to Financial Statements.
97
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
U.S. Government Securities Ultra-Short Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Agency Collateralized Planned Amortization Class Mortgage Obligations—continued |
| |||||||
Federal National Mortgage Association | ||||||||
Series 2003-73, Cl DF, 0.605%, 10/25/32(a) | 1,815,098 | 1,825,681 | ||||||
Series 2005-42, Cl PF, 0.355%, 05/25/35(a) | 2,444,242 | 2,453,369 | ||||||
Series 2005-57, Cl EG, 0.455%, 03/25/35(a) | 2,071,337 | 2,077,849 | ||||||
Series 2006-123, Cl PF, 0.415%, 01/25/37(a) | 7,809,537 | 7,815,698 | ||||||
Series 2006-79, Cl GF, 0.555%, 08/25/36(a) | 16,982,693 | 17,076,149 | ||||||
Series 2008-24, Cl PF, REMIC, 0.805%, 02/25/38(a) | 3,440,874 | 3,493,137 | ||||||
|
| |||||||
34,741,883 | ||||||||
|
| |||||||
Government National Mortgage Association | ||||||||
Series 2009-69, Cl PV, REMIC, 4.000%, 08/20/39 | 1,430,369 | 1,508,241 | ||||||
|
| |||||||
74,651,693 | ||||||||
|
| |||||||
Agency Collateralized Support Mortgage Obligation 0.0%(b) |
| |||||||
Federal National Mortgage Association | ||||||||
Series 1994-22, Cl F, REMIC, 1.355%, 01/25/24(a) | 468,239 | 482,454 | ||||||
|
| |||||||
Commercial Mortgage Backed Securities 14.3% |
| |||||||
FDIC Structured Sale Guaranteed Notes | ||||||||
Series 2011-C1, Cl A, 1.840%, 04/25/31(a)(c) | 2,331,366 | 2,336,768 | ||||||
|
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Series K003, Cl A3, 4.324%, 12/25/15 | 72,553 | 74,963 | ||||||
Series K716, Cl A1, 2.413%, 01/25/21 | 7,180,000 | 7,309,721 | ||||||
Series KF02, Cl A1, 0.535%, 07/25/20(a) | 12,885,352 | 12,921,895 | ||||||
Series KF02, Cl A2, 0.705%, 07/25/20(a) | 8,460,507 | 8,520,297 | ||||||
Series KF02, Cl A3, 0.785%, 07/25/20(a) | 8,460,507 | 8,517,929 | ||||||
Series KF03, Cl A, 0.495%, 01/25/21(a) | 5,982,904 | 5,984,531 |
Shares or Principal Amount($) | Value($) | |||||||
Commercial Mortgage Backed Securities—continued |
| |||||||
Series KF04, Cl A, 0.466%, 06/25/21(a) | 7,178,075 | 7,178,075 | ||||||
|
| |||||||
50,507,411 | ||||||||
|
| |||||||
Federal National Mortgage Association | ||||||||
Series 2009-M1, Cl A1, 3.400%, 07/25/19 | 5,079,839 | 5,241,754 | ||||||
Series 2010-M4, Cl A1, 2.520%, 06/25/20 | 434,662 | 437,909 | ||||||
Series 2011-M1, Cl FA, 0.605%, 06/25/21(a) | 31,872,186 | 32,057,842 | ||||||
Series 2012-M13, Cl ASQ2, 1.246%, 08/25/17 | 142,079 | 141,907 | ||||||
Series 2012-M14, Cl ASQ2, 1.114%, 02/25/17 | 54,601 | 54,575 | ||||||
Series 2012-M9, Cl ASQ2, 1.513%, 12/25/17 | 4,835,081 | 4,828,036 | ||||||
Series 2013-M1, Cl ASQ2, 1.074%, 11/25/16 | 17,650,764 | 17,706,029 | ||||||
Series 2013-M11, Cl A, 1.500%, 01/25/18 | 9,354,525 | 9,420,783 | ||||||
Series 2013-M12, Cl A, 1.532%, 10/25/17 | 33,221,473 | 33,425,718 | ||||||
Series 2013-M13, Cl FA, 0.505%, 05/25/18(a) | 22,599,588 | 22,629,758 | ||||||
Series 2013-M14, Cl FA, 0.505%, 08/25/18(a) | 27,098,750 | 27,119,833 | ||||||
Series 2013-M4, Cl ASQ2, 1.451%, 02/25/18 | 73,675 | 73,183 | ||||||
Series 2013-M7, Cl ASQ2, 1.233%, 03/26/18 | 117,313 | 116,899 | ||||||
Series 2014-M3, Cl ASQ2, 0.558%, 03/25/16 | 11,200,000 | 11,191,230 | ||||||
Series 2014-M4, Cl ASQ2, 1.272%, 01/25/17 | 3,429,273 | 3,452,115 | ||||||
Series 2014-M8, Cl FA, 0.420%, 05/25/18(a) | 4,991,786 | 4,995,255 | ||||||
|
| |||||||
172,892,826 | ||||||||
|
| |||||||
NCUA Guaranteed Notes | ||||||||
Series 2010-C1, Cl A1, 1.600%, 10/29/20 | 4,214,935 | 4,229,274 | ||||||
Series 2011-C1, Cl 2A, 0.686%, 03/09/21(a) | 20,047,533 | 20,076,722 | ||||||
|
| |||||||
24,305,996 | ||||||||
|
| |||||||
250,043,001 | ||||||||
|
| |||||||
Total Collateralized Mortgage Obligations |
| 620,152,861 | ||||||
|
|
See Notes to Financial Statements.
98
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
U.S. Government Securities Ultra-Short Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages 62.5% |
| |||||||
Federal Home Loan Mortgage Corporation | ||||||||
Pool #847615, 2.537%, 07/01/33(a) | 5,625,628 | 6,044,012 | ||||||
Pool #1B8683, 2.469%, 04/01/34(a) | 16,699,839 | 17,888,512 | ||||||
Pool #848744, 2.362%, 05/01/34(a) | 22,036,146 | 23,494,271 | ||||||
Pool #1B1889, 2.293%, 07/01/34(a) | 20,873,298 | 22,305,341 | ||||||
Pool #847991, 2.350%, 03/01/35(a) | 11,272,595 | 12,064,022 | ||||||
Pool #848736, 2.342%, 05/01/35(a) | 35,218,618 | 37,509,569 | ||||||
Pool #848797, 2.329%, 07/01/35(a) | 4,750,025 | 5,056,459 | ||||||
Pool #1L0256, 2.375%, 11/01/35(a) | 4,743,720 | 5,091,944 | ||||||
Pool #1Q0025, 2.348%, 02/01/36(a) | 4,299,478 | 4,596,079 | ||||||
Pool #1H2602, 2.350%, 03/01/36(a) | 4,516,138 | 4,828,984 | ||||||
Pool #1Q1407, 2.373%, 07/01/36(a) | 12,887,461 | 13,837,251 | ||||||
Pool #848747, 2.411%, 07/01/36(a) | 20,885,350 | 22,340,688 | ||||||
Pool #848569, 2.372%, 11/01/36(a) | 17,554,601 | 18,769,412 | ||||||
Pool #1Q1404, 2.333%, 01/01/37(a) | 16,319,894 | 17,456,099 | ||||||
Pool #1Q1195, 2.160%, 05/01/37(a) | 19,157,859 | 20,294,962 | ||||||
Pool #848796, 2.388%, 05/01/37(a) | 36,429,935 | 38,899,470 | ||||||
Pool #1Q1282, 2.136%, 07/01/37(a) | 4,579,792 | 4,878,247 | ||||||
Pool #1N1664, 2.395%, 07/01/37(a) | 5,513,290 | 5,907,619 | ||||||
Pool #848852, 2.365%, 08/01/37(a) | 25,758,205 | 27,469,139 | ||||||
Pool #1Q0652, 2.331%, 02/01/38(a) | 2,870,183 | 3,078,265 | ||||||
Pool #1Q1405, 2.378%, 04/01/39(a) | 5,265,545 | 5,649,918 | ||||||
Pool #1Q1420, 2.430%, 09/01/39(a) | 22,228,951 | 23,901,670 | ||||||
Pool #1B4755, 3.518%, 06/01/40(a) | 5,580,314 | 5,936,869 | ||||||
Pool #849139, 3.200%, 09/01/43(a) | 4,999,809 | 5,136,159 | ||||||
|
| |||||||
352,434,961 | ||||||||
|
|
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Federal National Mortgage Association | ||||||||
Pool #735387, 4.877%, 04/01/15 | 102,691 | 103,587 | ||||||
Pool #735953, 5.138%, 08/01/15 | 13,976 | 14,333 | ||||||
Pool #462011, 5.155%, 08/01/15 | 118,139 | 119,930 | ||||||
Pool #465821, 2.900%, 09/01/15 | 1,026,370 | 1,040,106 | ||||||
Pool #387590, 4.900%, 09/01/15 | 1,920,380 | 1,966,676 | ||||||
Pool #462018, 5.365%, 09/01/15 | 381,547 | 388,838 | ||||||
Pool #466534, 2.040%, 11/01/15 | 1,295,000 | 1,297,059 | ||||||
Pool #745100, 4.846%, 11/01/15 | 6,652,658 | 6,835,228 | ||||||
Pool #387740, 5.245%, 12/01/15 | 1,132,846 | 1,177,885 | ||||||
Pool #467141, 2.780%, 01/01/16 | 6,697,193 | 6,820,666 | ||||||
Pool #467080, 3.090%, 01/01/16 | 15,270,000 | 15,547,243 | ||||||
Pool #467200, 3.360%, 01/01/16 | 4,721,600 | 4,716,967 | ||||||
Pool #745504, 5.133%, 02/01/16 | 3,606,427 | 3,763,443 | ||||||
Pool #745530, 5.273%, 04/01/16 | 124,549 | 130,978 | ||||||
Pool #467607, 3.090%, 05/01/16 | 4,808,697 | 4,923,602 | ||||||
Pool #995887, 4.757%, 05/01/16 | 12,983 | 13,496 | ||||||
Pool #745727, 5.261%, 05/01/16 | 2,561,418 | 2,663,520 | ||||||
Pool #468647, 2.260%, 07/01/16 | 17,930,000 | 18,300,459 | ||||||
Pool #462237, 5.525%, 07/01/16 | 154,040 | 165,532 | ||||||
Pool #745764, 5.732%, 07/01/16 | 11,335,702 | 12,063,468 | ||||||
Pool #468795, 2.470%, 08/01/16 | 15,200,000 | 15,567,290 | ||||||
Pool #463420, 4.050%, 09/01/16 | 6,247,762 | 6,291,309 | ||||||
Pool #888015, 5.537%, 11/01/16 | 518,184 | 553,969 | ||||||
Pool #469673, 2.080%, 12/01/16 | 5,157,065 | 5,259,814 | ||||||
Pool #469807, 2.250%, 12/01/16 | 66,428 | 68,010 |
See Notes to Financial Statements.
99
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
U.S. Government Securities Ultra-Short Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #874196, 5.360%, 12/01/16 | 730,000 | 788,071 | ||||||
Pool #470340, 2.090%, 01/01/17 | 4,428,761 | 4,515,491 | ||||||
Pool #735745, 5.012%, 01/01/17 | 367,260 | 371,705 | ||||||
Pool #464600, 3.735%, 02/01/17 | 932,380 | 978,805 | ||||||
Pool #470775, 2.300%, 03/01/17 | 57,349 | 58,780 | ||||||
Pool #471016, 1.700%, 04/01/17 | 50,000 | 50,647 | ||||||
Pool #874903, 5.520%, 05/01/17 | 958,061 | 1,048,437 | ||||||
Pool #889232, 5.495%, 06/01/17 | 2,976,332 | 3,231,811 | ||||||
Pool #466009, 2.840%, 09/01/17 | 1,024,121 | 1,062,256 | ||||||
Pool #466149, 3.070%, 10/01/17 | 1,392,000 | 1,450,678 | ||||||
Pool #466487, 2.770%, 11/01/17 | 2,144,222 | 2,218,902 | ||||||
Pool #888969, 5.932%, 11/01/17 | 3,019,115 | 3,331,886 | ||||||
Pool #467010, 3.520%, 01/01/18 | 5,579,866 | 5,900,701 | ||||||
Pool #385912, 5.350%, 02/01/18 | 5,770,961 | 6,356,837 | ||||||
Pool #467288, 2.800%, 03/01/18 | 1,605,029 | 1,660,226 | ||||||
Pool #AM3464, 1.180%, 05/01/18 | 17,165,000 | 16,917,608 | ||||||
Pool #AM3462, 1.360%, 05/01/18 | 11,671,745 | 11,537,298 | ||||||
Pool #AL0561, 3.743%, 06/01/18 | 19,629,140 | 20,894,782 | ||||||
Pool #469334, 0.586%, 10/01/18(a) | 5,000,000 | 4,990,942 | ||||||
Pool #469482, 0.986%, 10/01/18(a) | 13,308,888 | 13,289,417 | ||||||
Pool #469408, 0.906%, 11/01/18(a) | 37,709,347 | 37,654,326 | ||||||
Pool #466263, 2.970%, 11/01/18 | 6,067,990 | 6,282,378 | ||||||
Pool #AM6261, 0.376%, 07/01/19(a) | 15,370,000 | 15,366,364 | ||||||
Pool #466804, 0.736%, 12/01/20(a) | 13,370,000 | 13,353,366 | ||||||
Pool #470556, 0.856%, 12/01/20(a) | 21,070,000 | 21,044,231 | ||||||
Pool #469856, 0.946%, 12/01/21(a) | 17,690,000 | 17,663,726 |
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #AM0400, 0.636%, 08/01/22(a) | 17,500,000 | 17,469,107 | ||||||
Pool #AM1102, 0.451%, 10/01/22(a) | 26,750,000 | 26,664,186 | ||||||
Pool #AM1171, 0.506%, 10/01/22(a) | 9,328,000 | 9,325,207 | ||||||
Pool #AM1444, 0.421%, 11/01/22(a) | 12,732,781 | 12,691,932 | ||||||
Pool #AM2923, 0.496%, 04/01/23(a) | 17,335,000 | 17,292,690 | ||||||
Pool #725126, 2.625%, 12/01/33(a) | 2,232,115 | 2,380,422 | ||||||
Pool #793025, 1.926%, 07/01/34(a) | 787,787 | 841,610 | ||||||
Pool #AL0222, 2.319%, 07/01/34(a) | 13,413,550 | 14,304,415 | ||||||
Pool #794939, 1.760%, 10/01/34(a) | 26,831 | 27,888 | ||||||
Pool #AD0064, 1.936%, 01/01/35(a) | 13,529,350 | 14,261,667 | ||||||
Pool #809384, 2.215%, 01/01/35(a) | 385,708 | 389,154 | ||||||
Pool #805338, 2.260%, 01/01/35(a) | 141,629 | 142,439 | ||||||
Pool #813718, 2.300%, 01/01/35(a) | 9,721,462 | 10,278,462 | ||||||
Pool #809324, 1.980%, 02/01/35(a) | 11,140 | 11,875 | ||||||
Pool #809772, 2.285%, 02/01/35(a) | 279,986 | 282,036 | ||||||
Pool #814686, 2.100%, 03/01/35(a) | 194,493 | 195,713 | ||||||
Pool #735545, 2.466%, 03/01/35(a) | 3,501,257 | 3,760,395 | ||||||
Pool #AD7165, 1.848%, 04/01/35(a) | 2,259,963 | 2,368,927 | ||||||
Pool #995609, 2.402%, 04/01/35(a) | 2,465,079 | 2,641,044 | ||||||
Pool #822302, 2.454%, 05/01/35(a) | 4,498,920 | 4,810,192 | ||||||
Pool #735810, 2.673%, 08/01/35(a) | 1,323,395 | 1,419,172 | ||||||
Pool #AL0505, 2.206%, 11/01/35(a) | 11,687,528 | 12,436,655 | ||||||
Pool #AD0377, 1.949%, 01/01/36(a) | 2,812,760 | 2,999,504 | ||||||
Pool #888722, 2.173%, 01/01/36(a) | 2,559,426 | 2,721,538 | ||||||
Pool #995540, 2.289%, 01/01/36(a) | 8,425,555 | 8,990,391 |
See Notes to Financial Statements.
100
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
U.S. Government Securities Ultra-Short Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #888782, 2.261%, 03/01/36(a) | 1,935,926 | 2,058,924 | ||||||
Pool #AL2202, 2.297%, 06/01/36(a) | 11,936,072 | 12,788,686 | ||||||
Pool #AL0854, 2.355%, 06/01/36(a) | 7,344,253 | 7,844,950 | ||||||
Pool #AL1535, 2.475%, 06/01/36(a) | 20,205,605 | 21,735,179 | ||||||
Pool #888859, 2.304%, 10/01/36(a) | 921,290 | 983,296 | ||||||
Pool #AA3517, 2.134%, 11/01/36(a) | 6,868,584 | 7,320,963 | ||||||
Pool #903166, 2.400%, 11/01/36(a) | 2,969,829 | 3,186,088 | ||||||
Pool #AL0968, 2.307%, 12/01/36(a) | 18,503,842 | 19,809,686 | ||||||
Pool #906216, 2.292%, 01/01/37(a) | 2,369,764 | 2,542,063 | ||||||
Pool #AL0872, 1.912%, 07/01/37(a) | 4,551,530 | 4,842,340 | ||||||
Pool #AL0960, 2.285%, 07/01/37(a) | 18,738,829 | 19,940,213 | ||||||
Pool #AD0380, 2.248%, 10/01/37(a) | 10,134,135 | 10,805,735 | ||||||
Pool #AE0332, 2.253%, 11/01/37(a) | 6,778,803 | 7,278,990 | ||||||
Pool #AL0966, 2.362%, 11/01/37(a) | 6,810,523 | 7,287,017 | ||||||
Pool #AL0967, 2.255%, 04/01/38(a) | 17,922,526 | 19,170,180 | ||||||
Pool #AL0270, 2.211%, 08/01/38(a) | 16,203,559 | 17,313,561 | ||||||
Pool #AE0057, 2.276%, 02/01/39(a) | 6,053,060 | 6,498,930 | ||||||
Pool #AE0066, 2.282%, 09/01/39(a) | 18,463,018 | 19,757,531 | ||||||
Pool #725874, 2.343%, 09/01/39(a) | 83,545 | 89,297 | ||||||
Pool #AT1150, 2.850%, 09/01/43(a) | 15,386,628 | 15,666,627 | ||||||
Pool #AT1155, 2.991%, 09/01/43(a) | 5,188,999 | 5,358,975 | ||||||
Pool #AW6998, 3.181%, 06/01/44(a) | 3,893,444 | 4,013,660 | ||||||
Pool #AL5406, 3.227%, 06/01/44(a) | 11,832,756 | 12,251,827 | ||||||
Pool #AW9723, 2.326%, 07/01/44(a) | 15,061,678 | 15,390,250 |
Shares or Principal Amount($) | Value($) | |||||||
U.S. Government Agency Mortgages—continued |
| |||||||
Pool #AW2253, 3.020%, 08/01/44(a) | 5,095,116 | 5,250,004 | ||||||
|
| |||||||
739,704,672 | ||||||||
|
| |||||||
Total U.S. Government Agency Mortgages (Cost $1,067,232,067) | 1,092,139,633 | |||||||
|
| |||||||
U.S. Treasury Obligations 0.5% |
| |||||||
U.S. Treasury Bill 0.0%(b) |
| |||||||
0.000%, 04/30/15 | 200,000 | 199,956 | ||||||
|
| |||||||
U.S. Treasury Notes 0.5% |
| |||||||
2.375%, 02/28/15 | 120,000 | 121,148 | ||||||
2.500%, 04/30/15 | 2,905,000 | 2,946,193 | ||||||
0.375%, 03/31/16 | 1,670,000 | 1,670,391 | ||||||
0.875%, 12/31/16 | 910,000 | 912,417 | ||||||
0.750%, 06/30/17 | 2,095,000 | 2,081,087 | ||||||
|
| |||||||
7,731,236 | ||||||||
|
| |||||||
Total U.S. Treasury Obligations (Cost $7,924,184) |
| 7,931,192 | ||||||
|
| |||||||
Money Market Fund 0.8% |
| |||||||
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 0.00%(d) | 14,478,830 | 14,478,830 | ||||||
|
| |||||||
Total Money Market Fund | 14,478,830 | |||||||
|
| |||||||
Total Investments |
| 1,734,702,516 | ||||||
Other Assets in Excess of Liabilities — 0.7% | 13,018,492 | |||||||
|
| |||||||
Net Assets — 100.0% | $ | 1,747,721,008 | ||||||
|
|
(a) | Variable or floating rate security. Rate disclosed is as of September 30, 2014. |
(b) | Less than 0.05% of Net Assets. |
(c) | Rule 144A, Section 4(2) or other security which is restricted as to resale to institutional investors. The Fund’s investment adviser/subadviser has deemed this security to be liquid based upon procedures approved by the Board of Trustees. These securities represent 0.1% of net assets as of September 30, 2014. |
(d) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
Investment Abbreviations
REMIC | — | Real Estate Mortgage Investment Conduit |
See Notes to Financial Statements.
101
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
U.S. Government Securities Ultra-Short Bond Fund — concluded
Open Futures Contracts
At September 30, 2014, the Fund’s open futures contracts was as follows:
Description | Position | Notional Amount | Expiration Month | Contracts | Unrealized Appreciation (Depreciation) | |||||||||||||
U.S. Treasury 2 Year Note | Short | $(44,665,349 | ) | December 2014 | 204 | $21,223 | ||||||||||||
U.S. Treasury 5 Year Note | Short | (42,346,152 | ) | December 2015 | 357 | 128,113 | ||||||||||||
90 day Euro Future | Long | 10,143,340 | December 2015 | 41 | (6,602 | ) | ||||||||||||
|
| |||||||||||||||||
$142,734 | ||||||||||||||||||
|
|
See Notes to Financial Statements.
102
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Virginia Intermediate Municipal Bond Fund
Shares or Principal Amount($) | Value($) | |||||||
Municipal Bonds 96.5% | ||||||||
Alabama 0.5% |
| |||||||
Birmingham, Series A, GO, 0.000%, 03/01/32(a) | 645,000 | 638,408 | ||||||
|
| |||||||
California 4.9% | ||||||||
California State, GO, 5.000%, 02/01/20 | 1,945,000 | 2,304,105 | ||||||
California State, GO, 5.000%, 09/01/33 | 3,250,000 | 3,714,295 | ||||||
|
| |||||||
6,018,400 | ||||||||
|
| |||||||
District of Columbia 2.9% |
| |||||||
Metropolitan Washington D.C. Airports Authority, Airport System, Series B, RB, 5.000%, 10/01/26, BHAC | 2,175,000 | 2,475,194 | ||||||
Washington D.C. Metropolitan Area Transit Authority, Gross Revenue, Series A, RB, 5.125%, 07/01/32 | 1,000,000 | 1,152,030 | ||||||
|
| |||||||
3,627,224 | ||||||||
|
| |||||||
Illinois 0.7% |
| |||||||
Chicago, Series A, GO, 5.250%, 01/01/33 | 880,000 | 919,274 | ||||||
|
| |||||||
North Carolina 0.9% |
| |||||||
North Carolina State Capital Facilities Finance Agency, Educational Facilities, RB, 5.000%, 05/01/32 | 1,030,000 | 1,091,532 | ||||||
|
| |||||||
Virginia 86.6% |
| |||||||
Alexandria, Series B, GO, 5.000%, 06/15/20, State Aid Withholding | 1,075,000 | 1,287,528 | ||||||
Fairfax County Economic Development Authority, RB, 5.000%, 08/01/22 | 3,700,000 | 4,262,770 | ||||||
Fairfax County Economic Development Authority, Series A, RB, 5.000%, 10/01/26 | 1,000,000 | 1,215,350 | ||||||
Fairfax County Economic Development Authority, Series A, RB, 5.000%, 10/01/34 | 1,000,000 | 1,167,960 | ||||||
Fairfax County Industrial Development Authority, RB, 5.000%, 05/15/37 | 2,810,000 | 3,119,606 | ||||||
Fairfax County Industrial Development Authority, Series D, RB, 5.000%, 05/15/27 | 1,300,000 | 1,484,210 |
Shares or Principal Amount($) | Value($) | |||||||
Virginia—continued | ||||||||
Fairfax County Water Authority, RB, 5.000%, 04/01/27 | 600,000 | 714,474 | ||||||
Greater Richmond Convention Center Authority, Hotel Tax, RB, 5.000%, 06/15/16, NATL-RE | 2,855,000 | 2,940,936 | ||||||
Hampton Roads Sanitation District Wastewater, RB, 5.000%, 04/01/23 | 1,060,000 | 1,196,687 | ||||||
Hampton Roads Sanitation District Wastewater, RB, 5.000%, 04/01/24 | 2,425,000 | 2,735,012 | ||||||
Hanover County Development Authority, Regional Medical Care Project, RB, 6.375%, 08/15/18, NATL-RE | 3,425,000 | 3,718,077 | ||||||
Henrico County, GO, 5.000%, 07/15/17 | 1,450,000 | 1,627,306 | ||||||
Isle County Wight, Series A, GO, 5.000%, 07/01/35, State Aid Withholding | 750,000 | 871,853 | ||||||
James City County Economic Development Authority, Public Facility Project, RB, 5.000%, 06/15/21, AGM | 2,215,000 | 2,422,811 | ||||||
Loudoun County, Series B, GO, 5.000%, 11/01/20 | 1,000,000 | 1,177,290 | ||||||
Loudoun County Industrial Development Authority, Series A, RB, 5.000%, 06/01/31 | 1,000,000 | 1,133,850 | ||||||
Loudoun County Sanitation Authority, RB, 5.000%, 01/01/21 | 1,125,000 | 1,351,710 | ||||||
Loudoun County Sanitation Authority, RB, 5.000%, 01/01/22 | 1,130,000 | 1,366,260 | ||||||
Loudoun County Sanitation Authority, Water & Sewage, Series A, RB, 5.000%, 01/01/21 | 2,460,000 | 2,955,739 | ||||||
New Kent County Economic Development Authority, School & Governmental Projects, RB, 5.000%, 02/01/18, AGM | 2,225,000 | 2,434,328 | ||||||
Newport News, Series A, GO, 5.000%, 07/15/18, State Aid Withholding | 3,000,000 | 3,460,080 |
See Notes to Financial Statements.
103
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Virginia Intermediate Municipal Bond Fund — continued
Shares or Principal Amount($) | Value($) | |||||||
Virginia—continued | ||||||||
Newport News, Series A, GO, 5.000%, 07/15/33, State Aid Withholding | 1,240,000 | 1,460,534 | ||||||
Pittsylvania County, Series B, GO, 5.000%, 03/01/21 | 1,000,000 | 1,159,050 | ||||||
Pittsylvania County, Series B, GO, 5.000%, 03/01/22 | 1,000,000 | 1,169,790 | ||||||
Portsmouth, Series D, GO, 5.000%, 07/15/23 | 1,250,000 | 1,445,325 | ||||||
Prince County William, GO, 5.000%, 08/01/16, State Aid Withholding | 1,035,000 | 1,123,203 | ||||||
Richmond, GO, 5.000%, 07/15/24, Pre-refunded 07/15/2016 @ 100, AGM | 1,435,000 | 1,555,483 | ||||||
Richmond, Series A, GO, 5.000%, 07/15/27 | 1,375,000 | 1,572,464 | ||||||
Richmond Industrial Development Authority, Government Facilities, RB, 5.000%, 07/15/18, AMBAC | 1,795,000 | 1,963,910 | ||||||
Roanoke Economic Development Authority, Hospital Revenue, RB, 5.000%, 07/01/27 | 1,000,000 | 1,128,530 | ||||||
Suffolk, GO, 5.000%, 06/01/20, State Aid Withholding | 1,545,000 | 1,847,341 | ||||||
Tobacco Settlement Financing Corp., RB, 5.500%, 06/01/26, MSF | 2,380,000 | 2,464,585 | ||||||
Virginia College Building Authority, Educational Facilities Project, Series A, RB, 5.000%, 09/01/17, Pre-refunded 09/01/2016 @ 100, ST INTERCEPT | 155,000 | 168,731 | ||||||
Virginia College Building Authority, Educational Facilities Project, Series A, RB, 5.000%, 02/01/26, ST INTERCEPT | 2,750,000 | 3,227,372 | ||||||
Virginia College Building Authority, Educational Facilities Project, Series B, RB, 5.000%, 03/01/21 | 1,700,000 | 2,038,181 | ||||||
Virginia College Building Authority, Educational Facilities Project, Washington & Lee University, RB, 5.375%, 01/01/21 | 3,950,000 | 4,555,574 |
Shares or Principal Amount($) | Value($) | |||||||
Virginia—continued | ||||||||
Virginia Commonwealth Transportation Board, RB, 5.000%, 05/15/25, ST APPROP | 2,750,000 | 3,235,402 | ||||||
Virginia Commonwealth University, Health System Authority, RB, 5.000%, 07/01/30 | 1,460,000 | 1,665,962 | ||||||
Virginia Housing Development Authority, Commonwealth Mortgage, Series A-1, RB, 3.650%, 01/01/18, GO of Authority | 1,205,000 | 1,305,003 | ||||||
Virginia Public Building Authority, Series A, RB, 5.000%, 08/01/31, Pre-refunded 08/01/2021 @ 100 | 10,000 | 12,073 | ||||||
Virginia Public Building Authority, Series A, RB, 5.000%, 08/01/31 | 1,240,000 | 1,438,896 | ||||||
Virginia Public Building Authority Facilities, Series B, RB, 5.000%, 08/01/20, ST APPROP | 3,000,000 | 3,516,660 | ||||||
Virginia Public School Authority, RB, 5.000%, 08/01/18, State Aid Withholding | 4,000,000 | 4,612,280 | ||||||
Virginia Public School Authority, RB, 5.000%, 08/01/22, State Aid Withholding | 3,400,000 | 4,123,316 | ||||||
Virginia Public School Authority, Series A, RB, 5.000%, 08/01/27, State Aid Withholding | 2,060,000 | 2,458,919 | ||||||
Virginia Public School Authority, School Financing, RB, 5.000%, 07/15/26, State Aid Withholding | 2,000,000 | 2,269,560 | ||||||
Virginia Resources Authority, RB, 4.000%, 11/01/35 | 1,250,000 | 1,327,838 | ||||||
Virginia Resources Authority, RB, 5.000%, 10/01/21 | 2,865,000 | 3,480,889 | ||||||
Virginia Resources Authority, Series A, RB, 5.000%, 11/01/24 | 1,075,000 | 1,250,279 | ||||||
Virginia Resources Authority Clean Water, Revolving Fund, RB, 5.000%, 10/01/16 | 2,030,000 | 2,216,943 |
See Notes to Financial Statements.
104
Table of Contents
SCHEDULES OF PORTFOLIO INVESTMENTS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Virginia Intermediate Municipal Bond Fund — concluded
Shares or Principal Amount($) | Value($) | |||||||
Virginia Resources Authority Infrastructure, Pooled Financing Program, Series A, RB, 5.000%, 11/01/28 | 3,300,000 | 3,911,160 | ||||||
Virginia Resources Authority Infrastructure, Pooled Financing Program, Series B, RB, 5.000%, 11/01/20 | 305,000 | 366,561 | ||||||
|
| |||||||
106,715,651 | ||||||||
|
| |||||||
Total Municipal Bonds | 119,010,489 | |||||||
|
| |||||||
Money Market Fund 2.6% | ||||||||
Federated Virginia Municipal Cash Trust, Institutional Share, 0.01%(c) | 3,193,841 | 3,193,841 | ||||||
|
| |||||||
Total Money Market Fund | 3,193,841 | |||||||
|
| |||||||
Total Investments | 122,204,330 | |||||||
Other Assets in Excess of Liabilities — 0.9% | 1,064,572 | |||||||
|
| |||||||
Net Assets — 100.0% | $ | 123,268,902 | ||||||
|
|
(a) | Step bond. The rate shown is the rate in effect as of September 30, 2014. |
(b) | Rate disclosed, the 7 day net yield, is as of September 30, 2014. |
Investment Abbreviations
AGM | — | Security guaranteed by Assured Guaranty Municipal Corporation | ||
AMBAC | — | Security guaranteed by American Municipal Bond Assurance Corporation | ||
BHAC | — | Security guaranteed by Berkshire Hathaway Assurance Corporation | ||
GO | — | General Obligation | ||
MSF | — | Mandatory Sinking Fund | ||
NATL-RE | — | Reinsurance provided by National Public Finance Guarantee Corporation | ||
RB | — | Revenue Bond | ||
ST APPROP | — | State Appropriation | ||
ST INTERCEPT | — | State Interception |
See Notes to Financial Statements.
105
Table of Contents
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Core Bond Fund | Corporate Bond Fund | Georgia Tax-Exempt Bond Fund | High Grade Municipal Bond Fund | High Income Fund | ||||||||||||||||
Assets: | ||||||||||||||||||||
Total Investments, at Cost | $203,434,888 | $33,386,347 | $121,249,104 | $87,082,769 | $911,620,091 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Investments, at Value* | $205,284,156 | $33,879,028 | $128,956,811 | $92,139,960 | $903,272,798 | |||||||||||||||
Cash | 5,371 | — | — | — | — | |||||||||||||||
Interest Receivable | 954,253 | 336,741 | 1,572,935 | 883,339 | 15,670,118 | |||||||||||||||
Securities Lending Income Receivable | 756 | 229 | — | — | 50,154 | |||||||||||||||
Receivable for Capital Shares Issued | 3,241,866 | 175 | 28,021 | 342,425 | 934,641 | |||||||||||||||
Receivable for Investment Securities Sold | 1,098,073 | 369,142 | — | — | 55,023,727 | |||||||||||||||
Receivable for Investment Securities Sold on a When-issued Basis | — | — | — | — | 12,992,697 | |||||||||||||||
Receivable for Variation Margin on Centrally Cleared Swaps | — | — | — | — | 1,229,161 | |||||||||||||||
Receivable from Investment Adviser | — | 271 | — | 1,812 | — | |||||||||||||||
Prepaid Expenses and Other Assets | 28,596 | 18,865 | 11,502 | 24,089 | 70,850 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Assets | 210,613,071 | 34,604,451 | 130,569,269 | 93,391,625 | 989,244,146 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Liabilities: | ||||||||||||||||||||
Payable for Investment Securities Purchased | 2,625,289 | — | 2,655,325 | — | 1,789,701 | |||||||||||||||
Payable for Investment Securities Purchased on a When-issued Basis | 1,103,488 | — | — | 5,582,980 | 19,245,438 | |||||||||||||||
Due to Custodian | — | — | — | — | 4,681,570 | |||||||||||||||
Depreciated Swap Contracts, at Value | — | 2,024 | — | — | — | |||||||||||||||
Payable for Capital Shares Redeemed | 231,011 | 17,334 | 327,878 | 98,822 | 12,633,052 | |||||||||||||||
Payable Upon Return of Securities Loaned | 953,160 | 1,164,430 | — | — | 104,241,220 | |||||||||||||||
Income Distributions Payable | 61,311 | 1,066 | 6,558 | 56,018 | 461,343 | |||||||||||||||
Investment Advisory Fees Payable | 41,720 | 11,548 | 52,828 | 34,643 | 405,913 | |||||||||||||||
Compliance and Fund Services Fees Payable | 3,767 | 822 | 2,241 | 1,060 | 17,448 | |||||||||||||||
Distribution and Service Fees Payable | 3,520 | 8,294 | 462 | 1,737 | 27,371 | |||||||||||||||
Trustee Fees Payable | 224 | 88 | 94 | — | 423 | |||||||||||||||
Other Accrued Expenses | 87,039 | 18,105 | 35,141 | 11,488 | 322,290 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Liabilities | 5,110,529 | 1,223,711 | 3,080,527 | 5,786,748 | 143,825,769 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Net Assets | $205,502,542 | $33,380,740 | $127,488,742 | $87,604,877 | $845,418,377 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets Consist of: | ||||||||||||||||||||
Capital | $205,063,667 | $32,352,008 | $121,982,538 | $81,702,074 | $828,870,475 | |||||||||||||||
Accumulated Net Investment Income (Loss) | (525,329 | ) | (80,016 | ) | 190,557 | (7,105 | ) | (489,558 | ) | |||||||||||
Accumulated Net Realized Gain (Loss) from Investments and Swap Transactions | (885,064 | ) | 615,321 | (2,392,060 | ) | 852,717 | 25,472,023 | |||||||||||||
Net Unrealized Appreciation (Depreciation) on Investments and Swaps Transactions | 1,849,268 | 493,427 | 7,707,707 | 5,057,191 | (8,434,563 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets | $205,502,542 | $33,380,740 | $127,488,742 | $87,604,877 | $845,418,377 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets: | ||||||||||||||||||||
I Shares | $194,018,247 | $22,811,922 | $123,823,401 | $73,700,499 | $751,114,497 | |||||||||||||||
A Shares | 7,666,586 | 810,067 | 3,665,341 | 13,904,378 | 67,322,524 | |||||||||||||||
C Shares | — | 9,758,751 | — | — | — | |||||||||||||||
R Shares | 3,817,709 | — | — | — | 21,315,350 | |||||||||||||||
IS Shares | — | — | — | — | 5,666,006 | |||||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value) | ||||||||||||||||||||
I Shares | 17,999,872 | 2,564,249 | 11,527,456 | 6,007,014 | 106,013,284 | |||||||||||||||
A Shares | 711,433 | 90,658 | 340,694 | 1,132,835 | 9,493,048 | |||||||||||||||
C Shares | — | 1,097,201 | — | — | — | |||||||||||||||
R Shares | 353,926 | — | — | — | 3,006,663 | |||||||||||||||
IS Shares | — | — | — | — | 799,510 | |||||||||||||||
Net Asset Value and Redemption Price Per Share: | ||||||||||||||||||||
I Shares | $10.78 | $8.90 | $10.74 | $12.27 | $7.09 | |||||||||||||||
A Shares | 10.78 | 8.94 | 10.76 | 12.27 | 7.09 | |||||||||||||||
C Shares(a) | — | 8.89 | — | — | — | |||||||||||||||
R Shares | 10.79 | — | — | — | 7.09 | |||||||||||||||
IS Shares | — | — | — | — | 7.09 | |||||||||||||||
Offering Price per Share (100%/(100%-maximum sales charge x net asset value) adjusted to the nearest cent): | ||||||||||||||||||||
A Shares | $11.32 | $9.39 | $11.30 | $12.88 | $7.44 | |||||||||||||||
Maximum Sales Charge — A Shares | 4.75 | % | 4.75 | % | 4.75 | % | 4.75 | % | 4.75 | % |
* | Investments include securities on loan of $926,351, $1,131,876, $—, $— and $102,283,983, respectively. |
(a) | Redemption price per share varies based on length of time shares are held. |
See Notes to Financial Statements.
106
Table of Contents
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Intermediate Bond Fund | Investment Grade Tax-Exempt Bond Fund | Limited Duration Fund | Limited-Term Federal Mortgage Securities Fund | North Carolina Tax-Exempt Bond Fund | ||||||||||||||||
Assets: | ||||||||||||||||||||
Total Investments, at Cost | $304,648,623 | $629,426,128 | $6,632,699 | $9,365,200 | $33,892,273 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Investments, at Value* | $305,972,806 | $671,392,004 | $6,648,457 | $9,500,919 | $35,877,295 | |||||||||||||||
Cash | 640,443 | — | — | — | — | |||||||||||||||
Interest Receivable | 1,055,474 | 7,893,026 | 1,340 | 28,360 | 442,078 | |||||||||||||||
Securities Lending Income Receivable | 776 | — | — | — | — | |||||||||||||||
Receivable for Capital Shares Issued | 68,912 | 750,269 | — | 225 | 239 | |||||||||||||||
Receivable for Investment Securities Sold | 8,060,633 | — | — | — | — | |||||||||||||||
Receivable from Investment Adviser | — | 21,953 | 320 | 4,400 | 2,007 | |||||||||||||||
Prepaid Expenses and Other Assets | 38,211 | 38,221 | 4,918 | 22,326 | 7,892 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Assets | 315,837,255 | 680,095,473 | 6,655,035 | 9,556,230 | 36,329,511 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Liabilities: | ||||||||||||||||||||
Payable for Investment Securities Purchased | 12,634,424 | 4,020,651 | — | 17,547 | — | |||||||||||||||
Payable for Investment Securities Purchased on a When-issued Basis | — | 13,549,282 | — | — | — | |||||||||||||||
Payable for Capital Shares Redeemed | 811,527 | 1,127,597 | — | 4,421 | 4,139 | |||||||||||||||
Payable Upon Return of Securities Loaned | 2,361,110 | — | — | — | — | |||||||||||||||
Income Distributions Payable | 77,150 | 233,423 | 1,022 | 283 | 66,670 | |||||||||||||||
Investment Advisory Fees Payable | 62,888 | 268,182 | 547 | 3,866 | 14,844 | |||||||||||||||
Compliance and Fund Services Fees Payable | 6,402 | 12,103 | 119 | 181 | 673 | |||||||||||||||
Distribution and Service Fees Payable | 482 | 6,976 | — | 3,885 | 96 | |||||||||||||||
Trustee Fees Payable | 484 | 616 | 6 | 10 | 35 | |||||||||||||||
Other Accrued Expenses | 107,985 | 197,532 | 2,319 | 4,647 | 12,332 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Liabilities | 16,062,452 | 19,416,362 | 4,013 | 34,840 | 98,789 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Net Assets | $299,774,803 | $660,679,111 | $6,651,022 | $9,521,390 | $36,230,722 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets Consist of: | ||||||||||||||||||||
Capital | $297,721,492 | $611,924,527 | $7,466,031 | $10,180,973 | $34,903,198 | |||||||||||||||
Accumulated Net Investment Income (Loss) | (449,227 | ) | (228,510 | ) | 216 | (36,959 | ) | (63,115 | ) | |||||||||||
Accumulated Net Realized Gain (Loss) from Investments Transactions | 1,178,355 | 7,017,218 | (830,983 | ) | (758,343 | ) | (594,383 | ) | ||||||||||||
Net Unrealized Appreciation on Investments | 1,324,183 | 41,965,876 | 15,758 | 135,719 | 1,985,022 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets | $299,774,803 | $660,679,111 | $6,651,022 | $9,521,390 | $36,230,722 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets: | ||||||||||||||||||||
I Shares | $297,745,485 | $632,522,639 | $6,651,022 | $3,508,757 | $35,455,699 | |||||||||||||||
A Shares | 2,010,625 | 28,156,472 | — | 1,638,457 | 775,023 | |||||||||||||||
C Shares | — | — | — | 4,374,176 | — | |||||||||||||||
R Shares | 18,693 | — | — | — | — | |||||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value) | ||||||||||||||||||||
I Shares | 30,398,708 | 51,068,300 | 676,440 | 317,136 | 3,428,743 | |||||||||||||||
A Shares | 205,087 | 2,270,512 | — | 148,400 | 75,144 | |||||||||||||||
C Shares | — | — | — | 395,394 | — | |||||||||||||||
R Shares | 1,908 | — | — | — | — | |||||||||||||||
Net Asset Value and Redemption Price Per Share: | ||||||||||||||||||||
I Shares | $9.79 | $12.39 | $9.83 | $11.06 | $10.34 | |||||||||||||||
A Shares | 9.80 | 12.40 | — | 11.04 | 10.31 | |||||||||||||||
C Shares(a) | — | — | — | 11.06 | — | |||||||||||||||
R Shares | 9.80 | — | — | — | — | |||||||||||||||
Offering Price per Share (100%/(100%-maximum sales charge x net asset value) adjusted to the nearest cent): | ||||||||||||||||||||
A Shares | $10.29 | $13.02 | $— | $11.32 | $10.82 | |||||||||||||||
Maximum Sales Charge — A Shares | 4.75 | % | 4.75 | % | — | 2.50 | % | 4.75 | % |
* | Investments include securities on loan of $2,297,849, $—, $—, $— and $—, respectively. |
(a) | Redemption price per share varies based on length of time shares are held. |
See Notes to Financial Statements.
107
Table of Contents
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Seix Floating Rate High Income Fund | Seix High Yield Fund | Short-Term Bond Fund | Short-Term Municipal Bond Fund | Total Return Bond Fund | ||||||||||||||||
Assets: | ||||||||||||||||||||
Total Investments, at Cost | $7,278,345,195 | $826,729,461 | $33,643,440 | $43,107,163 | $1,042,798,424 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Investments, at Value* | $7,205,641,980 | $833,269,053 | $33,678,987 | $43,277,176 | $1,052,044,227 | |||||||||||||||
Cash | — | — | 206,469 | 4 | 1,635,269 | |||||||||||||||
Interest Receivable | 39,798,658 | 14,901,428 | 87,185 | 324,359 | 4,842,632 | |||||||||||||||
Appreciated Swap Contracts, at Value | — | — | — | — | 20,914 | |||||||||||||||
Securities Lending Income Receivable | — | 33,462 | — | — | 5,150 | |||||||||||||||
Receivable for Capital Shares Issued | 11,927,806 | 1,562,155 | 6,289 | 7,430 | 2,991,969 | |||||||||||||||
Receivable for Investment Securities Sold | 57,130,714 | 44,766,304 | — | — | 9,066,030 | |||||||||||||||
Receivable for Investment Securities Sold on a When-issued Basis | 143,185,458 | 14,607,530 | — | — | — | |||||||||||||||
Unrealized Appreciation on Forward Foreign Currency Contracts | — | — | — | — | 1,777,884 | |||||||||||||||
Receivable for Variation Margin on Centrally Cleared Swaps | — | 1,229,159 | — | — | — | |||||||||||||||
Receivable from Investment Adviser | — | — | 4,124 | 2,188 | 890 | |||||||||||||||
Prepaid Expenses and Other Assets | 367,702 | 43,743 | 21,344 | 18,647 | 59,555 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Assets | 7,458,052,318 | 910,412,834 | 34,004,398 | 43,629,804 | 1,072,444,520 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Liabilities: | ||||||||||||||||||||
Payable for Investment Securities Purchased | — | 1,694,612 | 1,552,288 | — | 37,049,264 | |||||||||||||||
Payable for Investment Securities Purchased on a When-issued Basis | 57,565,366 | 13,150,438 | — | 2,674,975 | 806,637 | |||||||||||||||
Due to Custodian | 782,280 | 4,368,722 | — | — | — | |||||||||||||||
Depreciated Swap Contracts, at Value | — | — | — | — | 368,580 | |||||||||||||||
Payable for Capital Shares Redeemed | 26,845,782 | 2,199,416 | 356,098 | 2,205 | 1,952,063 | |||||||||||||||
Payable Upon Return of Securities Loaned | — | 78,051,930 | — | — | 4,742,930 | |||||||||||||||
Income Distributions Payable | 7,052,642 | 2,550,355 | 7,251 | 10,886 | 38,118 | |||||||||||||||
Unrealized Depreciation on Forward Foreign Currency Contracts | — | — | — | — | 3,165,884 | |||||||||||||||
Unrealized Depreciation on Unfunded Commitments | 1,404,332 | — | — | — | 22,116 | |||||||||||||||
Investment Advisory Fees Payable | 2,515,409 | 314,935 | 11,348 | 11,857 | 202,886 | |||||||||||||||
Compliance and Fund Services Fees Payable | 156,207 | 17,188 | 733 | 690 | 19,052 | |||||||||||||||
Distribution and Service Fees Payable | 113,450 | 4,241 | 1,955 | 636 | 36,657 | |||||||||||||||
Trustee Fees Payable | 9,541 | — | 32 | 18 | 994 | |||||||||||||||
Other Accrued Expenses | 2,778,003 | 341,481 | 12,151 | 10,604 | 321,979 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Liabilities | 99,223,012 | 102,693,318 | 1,941,856 | 2,711,871 | 48,727,160 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Net Assets | $7,358,829,306 | $807,719,516 | $32,062,542 | $40,917,933 | $1,023,717,360 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets Consist of: | ||||||||||||||||||||
Capital | $7,454,941,934 | $738,507,698 | $33,259,625 | $40,482,585 | $1,024,121,131 | |||||||||||||||
Accumulated Net Investment Loss | (8,971 | ) | (1,380,588 | ) | (13,425 | ) | (1,446 | ) | (173,641 | ) | ||||||||||
Accumulated Net Realized Gain (Loss) from Investments, Swap and Foreign Currency Transactions | (21,996,110 | ) | 64,140,084 | (1,219,205 | ) | 266,781 | (7,792,025 | ) | ||||||||||||
Net Unrealized Appreciation (Depreciation) on Investments, Unfunded Commitments, Swaps and Foreign Currency Transactions | (74,107,547 | ) | 6,452,322 | 35,547 | 170,013 | 7,561,895 | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets | $7,358,829,306 | $807,719,516 | $32,062,542 | $40,917,933 | $1,023,717,360 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Assets: | ||||||||||||||||||||
I Shares | $7,088,114,856 | $798,597,241 | $27,767,630 | $36,105,747 | $843,958,559 | |||||||||||||||
A Shares | 192,055,303 | 8,073,171 | 2,395,608 | 4,812,186 | 38,641,889 | |||||||||||||||
C Shares | 78,659,147 | — | 1,899,304 | — | — | |||||||||||||||
R Shares | — | 1,049,104 | — | — | 69,203,962 | |||||||||||||||
IS Shares | — | — | — | — | 71,912,950 | |||||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value) | ||||||||||||||||||||
I Shares | 794,389,290 | 82,015,890 | 2,795,546 | 3,594,227 | 80,105,210 | |||||||||||||||
A Shares | 21,527,632 | 848,404 | 240,572 | 479,234 | 3,549,853 | |||||||||||||||
C Shares | 8,813,712 | — | 190,804 | — | — | |||||||||||||||
R Shares | — | 107,811 | — | — | 6,567,151 | |||||||||||||||
IS Shares | — | — | — | — | 6,824,275 | |||||||||||||||
Net Asset Value and Redemption Price Per Share: | ||||||||||||||||||||
I Shares | $8.92 | $9.74 | $9.93 | $10.05 | $10.54 | |||||||||||||||
A Shares | 8.92 | 9.52 | 9.96 | 10.04 | 10.89 | |||||||||||||||
C Shares(a) | 8.92 | — | 9.95 | — | — | |||||||||||||||
R Shares | — | 9.73 | — | — | 10.54 | |||||||||||||||
IS Shares | — | — | — | — | 10.54 | |||||||||||||||
Offering Price per Share (100%/(100%-maximum sales charge x net asset value adjusted to the nearest cent): | ||||||||||||||||||||
A Shares | $9.15 | $9.99 | $10.22 | $10.30 | $11.43 | |||||||||||||||
Maximum Sales Charge — A Shares | 2.50 | % | 4.75 | % | 2.50 | % | 2.50 | % | 4.75 | % |
* Investments include securities on loan of $—, $76,698,712, $—, $— and $4,609,637, respectively.
(a) | Redemption price per share varies based on length of time shares are held. |
See Notes to Financial Statements.
108
Table of Contents
STATEMENTS OF ASSETS AND LIABILITIES
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Ultra-Short Bond Fund | U.S. Government Securities Fund | U.S. Government Securities Ultra-Short Bond Fund | Virginia Intermediate Municipal Bond Fund | |||||||||||||
Assets: | ||||||||||||||||
Total Investments, at Cost | $145,019,381 | $18,967,098 | $1,707,398,646 | $115,508,322 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments, at Value | $145,299,932 | $19,200,917 | $1,734,702,516 | $122,204,330 | ||||||||||||
Cash | 40,294 | — | 4,276,929 | — | ||||||||||||
Interest Receivable | 465,352 | 51,460 | 2,931,023 | 1,386,015 | ||||||||||||
Cash Collateral on Deposit at Broker | 23,453 | — | 250,672 | — | ||||||||||||
Receivable for Capital Shares Issued | 23,916 | 3,381 | 4,426,300 | 84 | ||||||||||||
Receivable for Investment Securities Sold | 32,000 | 824,898 | 17,981,842 | — | ||||||||||||
Unrealized Appreciation on Futures Contracts | 17,263 | — | 149,336 | — | ||||||||||||
Receivable from Investment Adviser | — | 3,526 | — | — | ||||||||||||
Prepaid Expenses and Other Assets | 15,655 | 22,370 | 66,851 | 13,809 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Assets | 145,917,865 | 20,106,552 | 1,764,785,469 | 123,604,238 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Liabilities: | ||||||||||||||||
Payable for Investment Securities Purchased | — | 881,909 | 13,798,595 | — | ||||||||||||
Payable for Capital Shares Redeemed | 33,736 | 15,006 | 2,132,005 | 27,941 | ||||||||||||
Income Distributions Payable | 12,138 | 197 | 124,937 | 215,405 | ||||||||||||
Unrealized Depreciation on Futures Contracts | — | — | 6,602 | — | ||||||||||||
Investment Advisory Fees Payable | 26,498 | 7,921 | 270,692 | 50,849 | ||||||||||||
Compliance and Fund Services Fees Payable | 2,468 | 402 | 34,914 | 2,290 | ||||||||||||
Distribution and Service Fees Payable | — | 1,342 | — | 736 | ||||||||||||
Trustee Fees Payable | 111 | 30 | 2,364 | 114 | ||||||||||||
Other Accrued Expenses | 24,679 | 12,462 | 694,352 | 38,001 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Liabilities | 99,630 | 919,269 | 17,064,461 | 335,336 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Net Assets | $145,818,235 | $19,187,283 | $1,747,721,008 | $123,268,902 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets Consist of: | ||||||||||||||||
Capital | $148,270,849 | $19,091,427 | $1,740,130,244 | $116,147,775 | ||||||||||||
Accumulated Net Investment Income (Loss) | (65,289 | ) | (138 | ) | (1,919,270 | ) | 19,233 | |||||||||
Accumulated Net Realized Gain (Loss) from Investments and Futures Transactions | (2,685,139 | ) | (137,825 | ) | (17,936,570 | ) | 405,886 | |||||||||
Net Unrealized Appreciation on Investments and Futures Transactions | 297,814 | 233,819 | 27,446,604 | 6,696,008 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets | $145,818,235 | $19,187,283 | $1,747,721,008 | $123,268,902 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Assets: | ||||||||||||||||
I Shares | $145,818,235 | $17,141,387 | $1,747,721,008 | $117,325,882 | ||||||||||||
A Shares | — | 598,017 | — | 5,943,020 | ||||||||||||
C Shares | — | 1,447,879 | — | — | ||||||||||||
Shares Outstanding (unlimited number of shares authorized, no par value) | ||||||||||||||||
I Shares | 14,624,681 | 2,072,041 | 172,442,316 | 11,420,357 | ||||||||||||
A Shares | — | 72,305 | — | 578,648 | ||||||||||||
C Shares | — | 175,048 | — | — | ||||||||||||
Net Asset Value and Redemption Price Per Share: | ||||||||||||||||
I Shares | $9.97 | $8.27 | $10.14 | $10.27 | ||||||||||||
A Shares | — | 8.27 | — | 10.27 | ||||||||||||
C Shares | — | 8.27 | — | — | ||||||||||||
Offering Price per Share (100%/(100%-maximum sales charge) value) of net asset value adjusted to the nearest cent): | ||||||||||||||||
A Shares | $— | $8.68 | $— | $10.78 | ||||||||||||
Maximum Sales Charge — A Shares | — | 4.75 | % | — | 4.75 | % |
See Notes to Financial Statements.
109
Table of Contents
RIDGEWORTH FUNDS For the Period Ended September 30, 2014
(Unaudited)
Core Bond Fund | Corporate Bond Fund | Georgia Tax-Exempt Bond Fund | High Grade Municipal Bond Fund | High Income Fund | ||||||||||||||||
Investment Income: | ||||||||||||||||||||
Interest Income | $2,496,250 | $683,149 | $2,162,071 | $1,188,066 | $30,738,512 | |||||||||||||||
Dividend Income | — | — | — | — | 260,320 | |||||||||||||||
Net Income from Securities Lending | 16,831 | 714 | — | — | 284,690 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Investment Income | 2,513,081 | 683,863 | 2,162,071 | 1,188,066 | 31,283,522 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Expenses: | ||||||||||||||||||||
Investment Advisory Fees | 258,960 | 75,850 | 322,447 | 181,059 | 2,672,320 | |||||||||||||||
Administration Fees | 10,618 | 1,944 | 6,611 | 3,712 | 51,150 | |||||||||||||||
Fund Accounting Fees | 8,732 | 1,856 | 5,093 | 2,180 | 38,039 | |||||||||||||||
Transfer Agency Fees | 14,701 | 18,682 | 5,859 | 11,164 | 124,105 | |||||||||||||||
Compliance & Fund Services Fees | 6,851 | 1,386 | 4,092 | 2,046 | 32,578 | |||||||||||||||
Distribution and Service Fees — A Shares | 13,710 | 1,292 | 3,055 | 10,076 | 193,179 | |||||||||||||||
Distribution and Service Fees — C Shares | — | 50,841 | — | — | — | |||||||||||||||
Distribution and Service Fees — R Shares | 10,033 | — | — | — | 56,296 | |||||||||||||||
Shareholder Servicing Fees — I Shares | 111,105 | 3,770 | 31,430 | 13,947 | 634,976 | |||||||||||||||
Shareholder Servicing Fees — A Shares | 1,801 | 55 | 168 | 841 | 32,878 | |||||||||||||||
Shareholder Servicing Fees — R Shares | 322 | — | — | — | 8,596 | |||||||||||||||
Custodian Fees | 9,047 | 4,490 | 3,365 | 3,176 | 21,698 | |||||||||||||||
Printing Fees | 9,176 | 2,438 | 3,446 | 2,423 | 41,574 | |||||||||||||||
Registration Fees | 21,734 | 21,147 | 7,002 | 15,616 | 29,573 | |||||||||||||||
Trustee Fees | 4,266 | 882 | 2,504 | 1,215 | 19,650 | |||||||||||||||
Other Fees | 12,880 | 4,925 | 7,657 | 5,288 | 39,193 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Expenses | 493,936 | 189,558 | 402,729 | 252,743 | 3,995,805 | |||||||||||||||
Less: Investment Advisory Fees Waived/Expenses Reimbursed | (3,506 | ) | (12,023 | ) | — | (7,762 | ) | — | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Expenses | 490,430 | 177,535 | 402,729 | 244,981 | 3,995,805 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Investment Income | 2,022,651 | 506,328 | 1,759,342 | 943,085 | 27,287,717 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Realized and Unrealized Gain (Loss) on Investments and Swaps: | ||||||||||||||||||||
Net Realized Gain (Loss) from: | ||||||||||||||||||||
Investment Transactions | 3,104,433 | 753,651 | 905,614 | 996,700 | 12,705,676 | |||||||||||||||
Swap Contracts | — | (140 | ) | — | — | 123,734 | ||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||||||
Investments | (373,449 | ) | (301,995 | ) | 2,988,211 | 1,393,688 | (35,368,657 | ) | ||||||||||||
Swap Contracts | — | 746 | — | — | (87,270 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Realized and Unrealized Gain (Loss) on Investments and Swaps | 2,730,984 | 452,262 | 3,893,825 | 2,390,388 | (22,626,517 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Change in Net Assets from Operations | $4,753,635 | $958,590 | $5,653,167 | $3,333,473 | $4,661,200 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
See Notes to Financial Statements.
110
Table of Contents
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS For the Period Ended September 30, 2014
(Unaudited)
Intermediate Bond Fund | Investment Grade Tax-Exempt Bond Fund | Limited Duration Fund | Limited-Term Federal Mortgage Securities Fund | North Carolina Tax-Exempt Bond Fund | ||||||||||||||||
Investment Income: | ||||||||||||||||||||
Interest Income | $2,954,049 | $10,625,994 | $17,912 | $127,462 | $586,709 | |||||||||||||||
Net Income from Securities Lending | 20,415 | — | — | — | — | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Investment Income | 2,974,464 | 10,625,994 | 17,912 | 127,462 | 586,709 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Expenses: | ||||||||||||||||||||
Investment Advisory Fees | 416,906 | 1,659,037 | 3,334 | 24,579 | 94,154 | |||||||||||||||
Administration Fees | 17,095 | 34,451 | 343 | 504 | 1,931 | |||||||||||||||
Fund Accounting Fees | 15,237 | 28,025 | 273 | 434 | 1,512 | |||||||||||||||
Transfer Agency Fees | 35,063 | 58,313 | 207 | 4,651 | 2,455 | |||||||||||||||
Compliance & Fund Services Fees | 11,385 | 21,978 | 216 | 322 | 1,232 | |||||||||||||||
Distribution and Service Fees — A Shares | 3,908 | 44,936 | — | 1,697 | 598 | |||||||||||||||
Distribution and Service Fees — C Shares | — | — | — | 22,973 | — | |||||||||||||||
Distribution and Service Fees — R Shares | 47 | — | — | — | — | |||||||||||||||
Shareholder Servicing Fees — I Shares | 188,016 | 330,488 | — | 1,951 | 8,393 | |||||||||||||||
Shareholder Servicing Fees — A Shares | 580 | 5,432 | — | 187 | 49 | |||||||||||||||
Shareholder Servicing Fees — R Shares | 19 | — | — | — | — | |||||||||||||||
Custodian Fees | 7,716 | 7,257 | 1,999 | 3,470 | 2,497 | |||||||||||||||
Printing Fees | 12,073 | 19,412 | 526 | 974 | 1,387 | |||||||||||||||
Registration Fees | 20,748 | 20,357 | 3,696 | 19,614 | 6,299 | |||||||||||||||
Trustee Fees | 7,171 | 13,594 | 134 | 204 | 761 | |||||||||||||||
Other Fees | 18,908 | 29,153 | 2,981 | 3,594 | 4,469 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Expenses | 754,872 | 2,272,433 | 13,709 | 85,154 | 125,737 | |||||||||||||||
Less: Investment Advisory Fees Waived/Expenses Reimbursed | — | (63,187 | ) | (2,739 | ) | (27,740 | ) | (2,685 | ) | |||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Expenses | 754,872 | 2,209,246 | 10,970 | 57,414 | 123,052 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Investment Income | 2,219,592 | 8,416,748 | 6,942 | 70,048 | 463,657 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Realized and Unrealized Gain (Loss) on Investments: | ||||||||||||||||||||
Net Realized Gain (Loss) from: | ||||||||||||||||||||
Investment Transactions | 2,381,039 | 6,157,148 | (301 | ) | 104,748 | 365,283 | ||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||||||
Investments | (816,013 | ) | 7,963,386 | 305 | 65,501 | 665,451 | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Realized and Unrealized Gain on Investments | 1,565,026 | 14,120,534 | 4 | 170,249 | 1,030,734 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Change in Net Assets from Operations | $3,784,618 | $22,537,282 | $6,946 | $240,297 | $1,494,391 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
See Notes to Financial Statements.
111
Table of Contents
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS For the Period Ended September 30, 2014
(Unaudited)
Seix Floating Rate High Income Fund | Seix High Yield Fund | Short-Term Bond Fund | Short-Term Municipal Bond Fund | Total Return Bond Fund | ||||||||||||||||
Investment Income: | ||||||||||||||||||||
Interest Income | $202,974,633 | $31,861,335 | $264,292 | $176,127 | $14,120,480 | |||||||||||||||
Dividend Income | 95,494 | — | — | — | — | |||||||||||||||
Net Income from Securities Lending | — | 203,197 | — | — | 76,531 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Investment Income | 203,070,127 | 32,064,532 | 264,292 | 176,127 | 14,197,011 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Expenses: | ||||||||||||||||||||
Investment Advisory Fees | 16,989,813 | 2,249,736 | 79,004 | 69,347 | 1,260,994 | |||||||||||||||
Administration Fees | 435,711 | 52,782 | 2,024 | 2,031 | 53,168 | |||||||||||||||
Fund Accounting Fees | 375,012 | 55,650 | 1,770 | 1,461 | 46,656 | |||||||||||||||
Transfer Agency Fees | 1,888,146 | 434,219 | 5,569 | 4,297 | 120,653 | |||||||||||||||
Compliance & Fund Services Fees | 287,207 | 33,847 | 1,351 | 1,253 | 34,427 | |||||||||||||||
Distribution and Service Fees — A Shares | 310,991 | 66,765 | 2,598 | 4,063 | 49,927 | |||||||||||||||
Distribution and Service Fees — C Shares | 413,097 | — | 9,173 | — | — | |||||||||||||||
Distribution and Service Fees — R Shares | — | 2,876 | — | — | 179,994 | |||||||||||||||
Shareholder Servicing Fees — I Shares | 4,262,279 | 125,688 | 9,215 | 15,962 | 446,753 | |||||||||||||||
Shareholder Servicing Fees — A Shares | 103,862 | 9,896 | 435 | 2,046 | 26,989 | |||||||||||||||
Shareholder Servicing Fees — R Shares | — | 10 | — | — | 87,153 | |||||||||||||||
Custodian Fees | 830,205 | 26,236 | 3,977 | 2,864 | 57,381 | |||||||||||||||
Printing Fees | 264,605 | 40,822 | 1,864 | 1,387 | 37,333 | |||||||||||||||
Registration Fees | 55,586 | 23,868 | 19,202 | 15,204 | 25,635 | |||||||||||||||
Trustee Fees | 177,782 | 22,851 | 857 | 751 | 21,682 | |||||||||||||||
Other Fees | 311,945 | 49,719 | 5,023 | 4,063 | 50,022 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Total Expenses | 26,706,241 | 3,194,965 | 142,062 | 124,729 | 2,498,767 | |||||||||||||||
Less: Investment Advisory Fees Waived/Expenses Reimbursed | — | — | (13,644 | ) | (11,588 | ) | (7,320 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Expenses | 26,706,241 | 3,194,965 | 128,418 | 113,141 | 2,491,447 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Investment Income | 176,363,886 | 28,869,567 | 135,874 | 62,986 | 11,705,564 | |||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Realized and Unrealized Gain (Loss) on Investments, Swaps and Foreign Currencies: | ||||||||||||||||||||
Net Realized Gain from: | ||||||||||||||||||||
Investment and Foreign Currency Transactions | 17,228,847 | 27,722,704 | 201,208 | 100,818 | 15,040,574 | |||||||||||||||
Swap Contracts | — | 121,742 | — | — | 181,181 | |||||||||||||||
Forward Foreign Currency Contracts | — | — | — | — | 1,954,009 | |||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||||||
Investments and Foreign Currencies | (140,208,977 | ) | (46,069,297 | ) | (261,731 | ) | 104,555 | (2,531,588 | ) | |||||||||||
Swap Contracts | — | (87,270 | ) | — | — | 332,369 | ||||||||||||||
Forward Foreign Currency Contracts | — | — | — | — | (2,790,577 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Net Realized and Unrealized Gain (Loss) on Investments, Swaps and Foreign Currencies | (122,980,130 | ) | (18,312,121 | ) | (60,523 | ) | 205,373 | 12,185,968 | ||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||
Change in Net Assets from Operations | $53,383,756 | $10,557,446 | $75,351 | $268,359 | $23,891,532 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
See Notes to Financial Statements.
112
Table of Contents
STATEMENTS OF OPERATIONS
RIDGEWORTH FUNDS For the Period Ended September 30, 2014
(Unaudited)
Ultra-Short Bond Fund | U.S. Government Securities Fund | U.S. Government Securities Ultra-Short Bond Fund | Virginia Intermediate Municipal Bond Fund | |||||||||||||
Investment Income: | ||||||||||||||||
Interest Income | $677,380 | $155,005 | $8,044,899 | $1,984,065 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investment Income | 677,380 | 155,005 | 8,044,899 | 1,984,065 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Expenses: | ||||||||||||||||
Investment Advisory Fees | 153,406 | 52,332 | 1,740,958 | 318,137 | ||||||||||||
Administration Fees | 7,147 | 1,072 | 94,867 | 6,523 | ||||||||||||
Fund Accounting Fees | 4,947 | 955 | 82,801 | 5,265 | ||||||||||||
Transfer Agency Fees | 27,067 | 3,967 | 186,279 | 9,055 | ||||||||||||
Compliance & Fund Services Fees | 4,419 | 717 | 62,465 | 4,140 | ||||||||||||
Distribution and Service Fees — A Shares | — | 1,058 | — | 4,997 | ||||||||||||
Distribution and Service Fees — C Shares | — | 7,334 | — | — | ||||||||||||
Shareholder Servicing Fees — I Shares | 28,970 | 11,712 | 1,262,971 | 27,880 | ||||||||||||
Shareholder Servicing Fees — A Shares | — | 15 | — | 248 | ||||||||||||
Custodian Fees | 4,613 | 3,052 | 19,763 | 3,437 | ||||||||||||
Printing Fees | 4,284 | 1,251 | 55,419 | 3,591 | ||||||||||||
Registration Fees | 12,307 | 19,589 | 24,303 | 8,432 | ||||||||||||
Trustee Fees | 2,633 | 451 | 39,096 | 2,560 | ||||||||||||
Other Fees | 7,593 | 4,072 | 75,403 | 7,792 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Expenses | 257,386 | 107,577 | 3,644,325 | 402,057 | ||||||||||||
Less: Investment Advisory Fees Waived/Expenses Reimbursed | — | (22,911 | ) | — | — | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Expenses | 257,386 | 84,666 | 3,644,325 | 402,057 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Investment Income | 419,994 | 70,339 | 4,400,574 | 1,582,008 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Realized and Unrealized Gain (Loss) on Investments and Futures: | ||||||||||||||||
Net Realized Gain (Loss) from: | ||||||||||||||||
Investment Transactions | 61,275 | 97,555 | 4,616,627 | 749,235 | ||||||||||||
Futures contracts | (39,895 | ) | — | (590,227 | ) | — | ||||||||||
Net Change in Unrealized Appreciation (Depreciation) on: | ||||||||||||||||
Investments | (77,831 | ) | 108,466 | 1,320,894 | 1,240,383 | |||||||||||
Futures Contracts | (5,432 | ) | — | (423,012 | ) | — | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Net Realized and Unrealized Gain (Loss) on Investments and Futures | (61,883 | ) | 206,021 | 4,924,282 | 1,989,618 | |||||||||||
|
|
|
|
|
|
|
| |||||||||
Change in Net Assets from Operations | $358,111 | $276,360 | $9,324,856 | $3,571,626 | ||||||||||||
|
|
|
|
|
|
|
|
See Notes to Financial Statements.
113
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS
RIDGEWORTH FUNDS For the Periods Indicated
Core Bond Fund | Corporate Bond Fund | Georgia Tax-Exempt Bond Fund | ||||||||||||||||||||||
04/01/14- 09/30/14 | 04/01/13- 03/31/14 | 04/01/14- 09/30/14 | 04/01/13- 03/31/14 | 04/01/14- 09/30/14 | 04/01/13- 03/31/14 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income | $ | 2,022,651 | $ | 4,802,529 | $ | 506,328 | $ | 1,793,805 | $ | 1,759,342 | $ | 4,067,365 | ||||||||||||
Net Realized Gain (Loss) | 3,104,433 | (2,247,406 | ) | 753,511 | 168,518 | 905,614 | (1,723,221 | ) | ||||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) | (373,449 | ) | (7,335,675 | ) | (301,249 | ) | (2,208,835 | ) | 2,988,211 | (3,893,136 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Operations | 4,753,635 | (4,780,552 | ) | 958,590 | (246,512 | ) | 5,653,167 | (1,548,992 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | (2,041,259 | ) | (5,267,601 | ) | (395,282 | ) | (1,483,306 | ) | (1,705,903 | ) | (3,944,136 | ) | ||||||||||||
A Shares | (85,827 | ) | (260,196 | ) | (11,488 | ) | (49,480 | ) | (53,479 | ) | (123,282 | ) | ||||||||||||
C Shares | — | — | (99,766 | ) | (261,000 | ) | — | — | ||||||||||||||||
R Shares | (34,137 | ) | (69,297 | ) | — | — | — | — | ||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
I Shares | — | (4,708,330 | ) | — | (1,574,501 | ) | — | — | ||||||||||||||||
A Shares | — | (252,957 | ) | — | (27,525 | ) | — | — | ||||||||||||||||
C Shares | — | — | — | (346,555 | ) | — | — | |||||||||||||||||
R Shares | — | (91,976 | ) | — | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total Dividends and Distributions | (2,161,223 | ) | (10,650,357 | ) | (506,536 | ) | (3,742,367 | ) | (1,759,382 | ) | (4,067,418 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Capital Transactions | (11,423,999 | ) | (166,511,487 | ) | (6,257,089 | ) | (28,232,711 | ) | (1,379,000 | ) | (22,129,077 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets | (8,831,587 | ) | (181,942,396 | ) | (5,805,035 | ) | (32,221,590 | ) | 2,514,785 | (27,745,487 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of Period | 214,334,129 | 396,276,525 | 39,185,775 | 71,407,365 | 124,973,957 | 152,719,444 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of Period | $ | 205,502,542 | $ | 214,334,129 | $ | 33,380,740 | $ | 39,185,775 | $ | 127,488,742 | $ | 124,973,957 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | (525,329 | ) | $ | (386,757 | ) | $ | (80,016 | ) | $ | (79,808 | ) | $ | 190,557 | $ | 190,597 | ||||||||
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to Financial Statements.
114
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS For the Periods Indicated
High Grade Municipal Bond Fund | High Income Fund | Intermediate Bond Fund | ||||||||||||||||||||||
04/01/14- 09/30/14 | 04/01/13- 03/31/14 | 04/01/14- 09/30/14 | 04/01/13- 03/31/14 | 04/01/14- 09/30/14 | 04/01/13- 03/31/14 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income | $ | 943,085 | $ | 1,692,609 | $ | 27,287,717 | $ | 52,993,380 | $ | 2,219,592 | $ | 7,768,495 | ||||||||||||
Net Realized Gain (Loss) | 996,700 | (143,983 | ) | 12,829,410 | 25,172,860 | 2,381,039 | 537,085 | |||||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) | 1,393,688 | (1,431,114 | ) | (35,455,927 | ) | (12,580,067 | ) | (816,013 | ) | (17,001,122 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Operations | 3,333,473 | 117,512 | 4,661,200 | 65,586,173 | 3,784,618 | (8,695,542 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | (776,882 | ) | (1,430,378 | ) | (23,397,402 | ) | (43,729,034 | ) | (2,218,574 | ) | (7,790,843 | ) | ||||||||||||
A Shares | (166,169 | ) | (262,202 | ) | (3,383,363 | ) | (8,470,656 | ) | (18,272 | ) | (70,662 | ) | ||||||||||||
R Shares | — | — | (576,859 | ) | (1,261,457 | ) | (70 | ) | (186 | ) | ||||||||||||||
IS Shares* | — | — | (56,248 | ) | — | — | — | |||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
I Shares | — | (193,807 | ) | — | (15,228,470 | ) | — | (15,653,552 | ) | |||||||||||||||
A Shares | — | (35,607 | ) | — | (3,562,894 | ) | — | (212,227 | ) | |||||||||||||||
R Shares | — | — | — | (470,570 | ) | — | (718 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total Dividends and Distributions | (943,051 | ) | (1,921,994 | ) | (27,413,872 | ) | (72,723,081 | ) | (2,236,916 | ) | (23,728,188 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Capital Transactions | 28,510,681 | (7,745,895 | ) | (94,578,343 | ) | 42,054,508 | (62,150,984 | ) | (559,824,062 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets | 30,901,103 | (9,550,377 | ) | (117,331,015 | ) | 34,917,600 | (60,603,282 | ) | (592,247,792 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of Period | 56,703,774 | 66,254,151 | 962,749,392 | 927,831,792 | 360,378,085 | 952,625,877 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of Period | $ | 87,604,877 | $ | 56,703,774 | $ | 845,418,377 | $ | 962,749,392 | $ | 299,774,803 | $ | 360,378,085 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Accumulated Net Investment Loss, End of Period | $ | (7,105 | ) | $ | (7,139 | ) | $ | (489,558 | ) | $ | (363,403 | ) | $ | (449,227 | ) | $ | (431,903 | ) | ||||||
|
|
|
|
|
|
|
|
|
|
|
|
* | IS Shares commenced operations on August 1, 2014. |
See Notes to Financial Statements.
115
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS For the Periods Indicated
Investment Grade Tax-Exempt Bond Fund | Limited Duration Fund | Limited-Term Federal Mortgage Securities Fund | ||||||||||||||||||||||
04/01/14- 09/30/14 | 04/01/13- 03/31/14 | 04/01/14- 09/30/14 | 04/01/13- 03/31/14 | 04/01/14- 09/30/14 | 04/01/13- 03/31/14 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income | $ | 8,416,748 | $ | 18,016,013 | $ | 6,942 | $ | 19,169 | $ | 70,048 | $ | 102,590 | ||||||||||||
Net Realized Gain (Loss) | 6,157,148 | 860,369 | (301 | ) | 24,325 | 104,748 | 16,458 | |||||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) | 7,963,386 | (20,781,122 | ) | 305 | (26,466 | ) | 65,501 | (347,602 | ) | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Operations | 22,537,282 | (1,904,740 | ) | 6,946 | 17,028 | 240,297 | (228,554 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | (8,063,606 | ) | (17,296,851 | ) | (6,011 | ) | (14,851 | ) | (41,557 | ) | (122,073 | ) | ||||||||||||
A Shares | (353,265 | ) | (719,739 | ) | — | — | (18,232 | ) | (34,674 | ) | ||||||||||||||
C Shares | — | — | — | — | (31,500 | ) | (51,259 | ) | ||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
I Shares | — | (5,168,338 | ) | — | — | — | — | |||||||||||||||||
A Shares | — | (228,704 | ) | — | — | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total Dividends and Distributions | (8,416,871 | ) | (23,413,632 | ) | (6,011 | ) | (14,851 | ) | (91,289 | ) | (208,006 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Capital Transactions | (27,369,246 | ) | (319,882,736 | ) | — | (2,709,499 | ) | (821,051 | ) | (6,531,861 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets | (13,248,835 | ) | (345,201,108 | ) | 935 | (2,707,322 | ) | (672,043 | ) | (6,968,421 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of Period | 673,927,946 | 1,019,129,054 | 6,650,087 | 9,357,409 | 10,193,433 | 17,161,854 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of Period | $ | 660,679,111 | $ | 673,927,946 | $ | 6,651,022 | $ | 6,650,087 | $ | 9,521,390 | $ | 10,193,433 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | (228,510 | ) | $ | (228,387 | ) | $ | 216 | $ | (715 | ) | $ | (36,959 | ) | $ | (15,718 | ) | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
See Notes to Financial Statements.
116
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS For the Periods Indicated
North Carolina Tax-Exempt Bond Fund | Seix Floating Rate High Income Fund | Seix High Yield Fund | ||||||||||||||||||||||
04/01/14- 09/30/14 | 04/01/13- 03/31/14 | 04/01/14- 09/30/14 | 04/01/13- 03/31/14 | 04/01/14- 09/30/14 | 04/01/13- 03/31/14 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income | $ | 463,657 | $ | 1,186,716 | $ | 176,363,886 | $ | 323,327,760 | $ | 28,869,567 | $ | 96,099,251 | ||||||||||||
Net Realized Gain (Loss) | 365,283 | (959,666 | ) | 17,228,847 | 11,462,727 | 27,844,446 | 70,543,347 | |||||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) | 665,451 | (863,905 | ) | (140,208,977 | ) | (6,274,675 | ) | (46,156,567 | ) | (65,722,730 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Operations | 1,494,391 | (636,855 | ) | 53,383,756 | 328,515,812 | 10,557,446 | 100,919,868 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | (454,339 | ) | (1,165,690 | ) | (170,993,018 | ) | (312,044,616 | ) | (27,548,652 | ) | (94,634,944 | ) | ||||||||||||
A Shares | (9,318 | ) | (21,050 | ) | (4,022,032 | ) | (6,400,576 | ) | (1,415,285 | ) | (3,456,272 | ) | ||||||||||||
C Shares | — | — | (1,356,453 | ) | (2,065,373 | ) | — | — | ||||||||||||||||
R Shares | — | — | — | — | (29,903 | ) | (94,538 | ) | ||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
I Shares | — | (1,161,841 | ) | — | — | — | (58,467,007 | ) | ||||||||||||||||
A Shares | — | (25,030 | ) | — | — | — | (2,326,532 | ) | ||||||||||||||||
R Shares | — | — | — | — | — | (54,118 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total Dividends and Distributions | (463,657 | ) | (2,373,611 | ) | (176,371,503 | ) | (320,510,565 | ) | (28,993,840 | ) | (159,033,411 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Capital Transactions | (2,972,056 | ) | (10,718,709 | ) | (1,778,980,318 | ) | 3,332,412,383 | (456,147,366 | ) | (527,438,582 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets | (1,941,322 | ) | (13,729,175 | ) | (1,901,968,065 | ) | 3,340,417,630 | (474,583,760 | ) | (585,552,125 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of Period | 38,172,044 | 51,901,219 | 9,260,797,371 | 5,920,379,741 | 1,282,303,276 | 1,867,855,401 | ||||||||||||||||||
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|
| |||||||||||||
End of Period | $ | 36,230,722 | $ | 38,172,044 | $ | 7,358,829,306 | $ | 9,260,797,371 | $ | 807,719,516 | $ | 1,282,303,276 | ||||||||||||
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|
|
|
|
|
|
|
|
|
| |||||||||||||
Accumulated Net Investment Loss, End of Period | $ | (63,115 | ) | $ | (63,115 | ) | $ | (8,971 | ) | $ | (1,354 | ) | $ | (1,380,588 | ) | $ | (1,256,315 | ) | ||||||
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See Notes to Financial Statements.
117
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS For the Periods Indicated
Short-Term Bond Fund | Short-Term Municipal Bond Fund | Total Return Bond Fund | ||||||||||||||||||||||
04/01/14- 09/30/14 | 04/01/13- 03/31/14 | 04/01/14- 09/30/14 | 04/01/13- 03/31/14 | 04/01/14- 09/30/14 | 04/01/13- 03/31/14 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income | $ | 135,874 | $ | 726,241 | $ | 62,986 | $ | 44,096 | $ | 11,705,564 | $ | 25,380,593 | ||||||||||||
Net Realized Gain (Loss) | 201,208 | 714,197 | 100,818 | 197,237 | 17,175,764 | (16,842,676 | ) | |||||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) | (261,731 | ) | (1,063,778 | ) | 104,555 | (56,592 | ) | (4,989,796 | ) | (17,738,628 | ) | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Operations | 75,351 | 376,660 | 268,359 | 184,741 | 23,891,532 | (9,200,711 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | (139,888 | ) | (715,698 | ) | (57,964 | ) | (39,355 | ) | (11,045,779 | ) | (23,280,438 | ) | ||||||||||||
A Shares | (7,752 | ) | (25,093 | ) | (5,019 | ) | (4,738 | ) | (430,900 | ) | (817,396 | ) | ||||||||||||
C Shares | (76 | ) | (5,646 | ) | — | — | — | — | ||||||||||||||||
R Shares | — | — | — | — | (655,641 | ) | (1,109,995 | ) | ||||||||||||||||
IS Shares* | — | — | — | — | (272,293 | ) | — | |||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
I Shares | — | — | — | (87,967 | ) | — | (9,776,080 | ) | ||||||||||||||||
A Shares | — | — | — | (19,996 | ) | — | (377,861 | ) | ||||||||||||||||
R Shares | — | — | — | — | — | (686,006 | ) | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total Dividends and Distributions | (147,716 | ) | (746,437 | ) | (62,983 | ) | (152,056 | ) | (12,404,613 | ) | (36,047,776 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Capital Transactions | (10,911,911 | ) | (39,461,972 | ) | 3,960,350 | 21,903,965 | (123,560,260 | ) | (146,164,164 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets | (10,984,276 | ) | (39,831,749 | ) | 4,165,726 | 21,936,650 | (112,073,341 | ) | (191,412,651 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of Period | 43,046,818 | 82,878,567 | 36,752,207 | 14,815,557 | 1,135,790,701 | 1,327,203,352 | ||||||||||||||||||
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|
|
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|
|
|
|
| |||||||||||||
End of Period | $ | 32,062,542 | $ | 43,046,818 | $ | 40,917,933 | $ | 36,752,207 | $ | 1,023,717,360 | $ | 1,135,790,701 | ||||||||||||
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|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Accumulated Net Investment Income (Loss), End of Period | $ | (13,425 | ) | $ | (1,583 | ) | $ | (1,446 | ) | $ | (1,449 | ) | $ | (173,641 | ) | $ | 525,408 | |||||||
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|
|
|
|
|
|
|
|
|
|
|
* | IS Shares commenced operations on August 1, 2014. |
See Notes to Financial Statements.
118
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (continued)
RIDGEWORTH FUNDS For the Periods Indicated
Ultra-Short Bond Fund | U.S. Government Securities Fund | U.S. Government Securities Ultra-Short Bond Fund | ||||||||||||||||||||||
04/01/14- 09/30/14 | 04/01/13- 03/31/14 | 04/01/14- 09/30/14 | 04/01/13- 03/31/14 | 04/01/14- 09/30/14 | 04/01/13- 03/31/14 | |||||||||||||||||||
(Unaudited) | (Unaudited) | (Unaudited) | ||||||||||||||||||||||
Operations: | ||||||||||||||||||||||||
Net Investment Income | $ | 419,994 | $ | 838,752 | $ | 70,339 | $ | 128,721 | $ | 4,400,574 | $ | 6,777,811 | ||||||||||||
Net Realized Gain (Loss) | 21,380 | 158,704 | 97,555 | (120,082 | ) | 4,026,400 | (1,387,601 | ) | ||||||||||||||||
Net Change in Unrealized Appreciation (Depreciation) | (83,263 | ) | (204,927 | ) | 108,466 | (773,072 | ) | 897,882 | (2,864,838 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Operations | 358,111 | 792,529 | 276,360 | (764,433 | ) | 9,324,856 | 2,525,372 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Dividends and Distributions to Shareholders: | ||||||||||||||||||||||||
Net Investment Income: | ||||||||||||||||||||||||
I Shares | (482,848 | ) | (969,033 | ) | (68,453 | ) | (125,734 | ) | (6,317,513 | ) | (13,537,248 | ) | ||||||||||||
A Shares | — | — | (1,886 | ) | (3,032 | ) | — | — | ||||||||||||||||
Net Realized Gains: | ||||||||||||||||||||||||
I Shares | — | — | — | (102,240 | ) | — | — | |||||||||||||||||
A Shares | — | — | — | (4,216 | ) | — | — | |||||||||||||||||
C Shares | — | — | — | (6,158 | ) | — | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total Dividends and Distributions | (482,848 | ) | (969,033 | ) | (70,339 | ) | (241,380 | ) | (6,317,513 | ) | (13,537,248 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets from Capital Transactions | 23,889,870 | 13,005,312 | (4,520,180 | ) | (14,946,754 | ) | (248,501,290 | ) | (327,686,238 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Change in Net Assets | 23,765,133 | 12,828,808 | (4,314,159 | ) | (15,952,567 | ) | (245,493,947 | ) | (338,698,114 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Net Assets: | ||||||||||||||||||||||||
Beginning of Period | 122,053,102 | 109,224,294 | 23,501,442 | 39,454,009 | 1,993,214,955 | 2,331,913,069 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
End of Period | $ | 145,818,235 | $ | 122,053,102 | $ | 19,187,283 | $ | 23,501,442 | $ | 1,747,721,008 | $ | 1,993,214,955 | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Accumulated Net Investment Loss, End of Period | $ | (65,289 | ) | $ | (2,435 | ) | $ | (138 | ) | $ | (138 | ) | $ | (1,919,270 | ) | $ | (2,331 | ) | ||||||
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|
|
|
|
|
|
|
|
|
|
|
See Notes to Financial Statements.
119
Table of Contents
STATEMENTS OF CHANGES IN NET ASSETS (concluded)
RIDGEWORTH FUNDS For the Periods Indicated
Virginia Intermediate Municipal Bond Fund | ||||||||
04/01/14- 09/30/14 | 04/01/13- 03/31/14 | |||||||
(Unaudited) | ||||||||
Operations: | ||||||||
Net Investment Income | $ | 1,582,008 | $ | 4,035,399 | ||||
Net Realized Gain (Loss) | 749,235 | (343,350 | ) | |||||
Net Change in Unrealized Appreciation (Depreciation) | 1,240,383 | (4,565,246 | ) | |||||
|
|
|
| |||||
Change in Net Assets from Operations | 3,571,626 | (873,197 | ) | |||||
|
|
|
| |||||
Dividends and Distributions to Shareholders: | ||||||||
Net Investment Income: | ||||||||
I Shares | (1,502,498 | ) | (3,783,005 | ) | ||||
A Shares | (79,510 | ) | (252,522 | ) | ||||
Net Realized Gains: | ||||||||
I Shares | — | (1,295,751 | ) | |||||
A Shares | — | (89,534 | ) | |||||
|
|
|
| |||||
Total Dividends and Distributions | (1,582,008 | ) | (5,420,812 | ) | ||||
|
|
|
| |||||
Change in Net Assets from Capital Transactions | (6,988,856 | ) | (21,322,420 | ) | ||||
|
|
|
| |||||
Change in Net Assets | (4,999,238 | ) | (27,616,429 | ) | ||||
|
|
|
| |||||
Net Assets: | ||||||||
Beginning of Period | 128,268,140 | 155,884,569 | ||||||
|
|
|
| |||||
End of Period | $ | 123,268,902 | $ | 128,268,140 | ||||
|
|
|
| |||||
Accumulated Net Investment Income, End of Period | $ | 19,233 | $ | 19,233 | ||||
|
|
|
|
See Notes to Financial Statements.
120
Table of Contents
RIDGEWORTH FUNDS Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
Net Asset Value, Beginning of Period | Net Investment Income (Loss) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Operations | Dividends from Net Investment Income | Distributions from Tax Return of Capital | Distributions from Realized Capital Gains | Total Dividends and Distributions | Payments by Affiliates | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(a) | Ratio of Net Expenses to Average Net Assets(b) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(b) | Ratio of Net Investment Income to Average Net Assets(b) | Portfolio Turnover Rate(c) | |||||||||||||||||||||||||||||||||||||||||||||||||
Core Bond Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | $10.65 | $0.11 | (d) | $0.13 | $0.24 | $(0.11 | ) | $— | $— | $(0.11 | ) | $— | $10.78 | $194,018 | 2.29 | % | 0.46 | % | 0.46 | % | 1.97 | % | 92 | % | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.16 | 0.18 | (d) | (0.23 | ) | (0.05 | ) | (0.22 | ) | — | (0.24 | ) | (0.46 | ) | — | 10.65 | 200,371 | (0.38 | ) | 0.42 | 0.42 | 1.67 | 208 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 11.10 | 0.15 | (d) | 0.24 | 0.39 | (0.20 | ) | — | (0.13 | ) | (0.33 | ) | — | 11.16 | 370,455 | 3.53 | 0.38 | 0.38 | 1.33 | 151 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 11.00 | 0.24 | (d) | 0.81 | 1.05 | (0.27 | ) | — | (0.68 | ) | (0.95 | ) | — | 11.10 | 439,017 | 9.65 | 0.48 | 0.48 | 2.15 | 211 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 11.42 | 0.36 | (d) | 0.09 | 0.45 | (0.25 | ) | (0.10 | ) | (0.52 | ) | (0.87 | ) | — | 11.00 | 295,931 | 3.91 | 0.60 | 0.60 | 3.11 | 119 | (e) | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 10.93 | 0.43 | 0.46 | 0.89 | (0.39 | ) | — | (0.01 | ) | (0.40 | ) | — | 11.42 | 372,232 | 8.26 | 0.57 | 0.57 | 3.89 | 99 | |||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 10.65 | 0.09 | (d) | 0.14 | 0.23 | (0.10 | ) | — | — | (0.10 | ) | — | 10.78 | 7,667 | 2.17 | 0.68 | 0.68 | 1.74 | 92 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.16 | 0.15 | (d) | (0.23 | ) | (0.08 | ) | (0.19 | ) | — | (0.24 | ) | (0.43 | ) | — | 10.65 | 9,848 | (0.66 | ) | 0.71 | 0.71 | 1.38 | 208 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 11.10 | 0.11 | (d) | 0.24 | 0.35 | (0.16 | ) | — | (0.13 | ) | (0.29 | ) | — | 11.16 | 20,687 | 3.20 | 0.69 | 0.70 | 1.02 | 151 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 11.00 | 0.21 | (d) | 0.80 | 1.01 | (0.23 | ) | — | (0.68 | ) | (0.91 | ) | — | 11.10 | 21,644 | 9.29 | 0.82 | 0.82 | 1.84 | 211 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 11.42 | 0.35 | (d) | 0.06 | 0.41 | (0.21 | ) | (0.10 | ) | (0.52 | ) | (0.83 | ) | — | 11.00 | 19,087 | 3.61 | 0.87 | 0.87 | 3.03 | 119 | (e) | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 10.93 | 0.41 | 0.45 | 0.86 | (0.36 | ) | — | (0.01 | ) | (0.37 | ) | — | 11.42 | 26,790 | 7.91 | 0.89 | 0.89 | 3.59 | 99 | |||||||||||||||||||||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 10.66 | 0.08 | (d) | 0.14 | 0.22 | (0.09 | ) | — | — | (0.09 | ) | — | 10.79 | 3,818 | 2.08 | 0.86 | 0.86 | 1.57 | 92 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.17 | 0.14 | (d) | (0.24 | ) | (0.10 | ) | (0.17 | ) | — | (0.24 | ) | (0.41 | ) | — | 10.66 | 4,115 | (0.80 | ) | 0.85 | 0.85 | 1.29 | 208 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 11.10 | 0.10 | (d) | 0.24 | 0.34 | (0.14 | ) | — | (0.13 | ) | (0.27 | ) | — | 11.17 | 5,135 | 3.15 | 0.84 | 0.84 | 0.87 | 151 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 11.01 | 0.18 | (d) | 0.78 | 0.96 | (0.19 | ) | — | (0.68 | ) | (0.87 | ) | — | 11.10 | 5,952 | 8.83 | 1.16 | 1.16 | 1.55 | 211 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 11.42 | 0.31 | (d) | 0.08 | 0.39 | (0.18 | ) | (0.10 | ) | (0.52 | ) | (0.80 | ) | — | 11.01 | 6,648 | 3.41 | 1.20 | 1.20 | 2.71 | 119 | (e) | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 10.93 | 0.37 | 0.45 | 0.82 | (0.32 | ) | — | (0.01 | ) | (0.33 | ) | — | 11.42 | 9,616 | 7.54 | 1.23 | 1.23 | 3.23 | 99 | |||||||||||||||||||||||||||||||||||||||||||||
Corporate Bond Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 8.80 | 0.13 | (d) | 0.10 | 0.23 | (0.13 | ) | — | — | (0.13 | ) | — | 8.90 | 22,812 | 2.63 | 0.67 | 0.73 | 2.94 | 48 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 9.30 | 0.28 | (d) | (0.21 | ) | 0.07 | (0.28 | ) | — | (0.29 | ) | (0.57 | ) | — | 8.80 | 28,017 | 0.91 | 0.63 | 0.64 | 3.18 | 143 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 9.35 | 0.32 | (d) | 0.30 | 0.62 | (0.32 | ) | — | (0.35 | ) | (0.67 | ) | — | 9.30 | 51,828 | 6.71 | 0.60 | 0.61 | 3.36 | 58 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 9.59 | 0.39 | (d) | 0.46 | 0.85 | (0.39 | ) | — | (0.70 | ) | (1.09 | ) | — | 9.35 | 57,203 | 9.10 | 0.61 | 0.61 | 3.98 | 88 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 9.63 | 0.45 | (d) | 0.20 | 0.65 | (0.45 | ) | — | (0.24 | ) | (0.69 | ) | — | 9.59 | 63,132 | 6.92 | 0.52 | 0.52 | 4.56 | 45 | (e) | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 8.53 | 0.46 | 1.09 | 1.55 | (0.45 | ) | — | — | (0.45 | ) | — | 9.63 | 157,739 | 18.49 | 0.50 | 0.50 | 4.86 | 75 | ||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 8.84 | 0.12 | (d) | 0.10 | 0.22 | (0.12 | ) | — | — | (0.12 | ) | — | 8.94 | 810 | 2.49 | 0.95 | 1.02 | 2.67 | 48 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 9.35 | 0.25 | (d) | (0.21 | ) | 0.04 | (0.26 | ) | — | (0.29 | ) | (0.55 | ) | — | 8.84 | 783 | 0.52 | 0.92 | 0.93 | 2.76 | 143 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 9.40 | 0.29 | (d) | 0.30 | 0.59 | (0.29 | ) | — | (0.35 | ) | (0.64 | ) | — | 9.35 | 4,020 | 6.39 | 0.88 | 0.88 | 3.06 | 58 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 9.64 | 0.36 | (d) | 0.46 | 0.82 | (0.36 | ) | — | (0.70 | ) | (1.06 | ) | — | 9.40 | 4,325 | 8.78 | 0.88 | 0.88 | 3.68 | 88 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 9.67 | 0.42 | (d) | 0.21 | 0.63 | (0.42 | ) | — | (0.24 | ) | (0.66 | ) | — | 9.64 | 2,198 | 6.67 | 0.83 | 0.83 | 4.25 | 45 | (e) | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 8.57 | 0.43 | 1.10 | 1.53 | (0.43 | ) | — | — | (0.43 | ) | — | 9.67 | 4,524 | 18.05 | 0.80 | 0.80 | 4.52 | 75 |
See Notes to Financial Statements.
121
Table of Contents
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
Net Asset Value, Beginning of Period | Net Investment Income (Loss) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Operations | Dividends from Net Investment Income | Distributions from Tax Return of Capital | Distributions from Realized Capital Gains | Total Dividends and Distributions | Payments by Affiliates | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(a) | Ratio of Net Expenses to Average Net Assets(b) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(b) | Ratio of Net Investment Income to Average Net Assets(b) | Portfolio Turnover Rate(c) | |||||||||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | $8.80 | $0.09 | (d) | $0.09 | $0.18 | $(0.09 | ) | $— | $— | $(0.09 | ) | $— | $8.89 | $9,759 | 2.02 | % | 1.65 | % | 1.71 | % | 1.96 | % | 48 | % | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 9.30 | 0.19 | (d) | (0.21 | ) | (0.02 | ) | (0.19 | ) | — | (0.29 | ) | (0.48 | ) | — | 8.80 | 10,385 | (0.07 | ) | 1.62 | 1.63 | 2.18 | 143 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 9.35 | 0.23 | (d) | 0.30 | 0.53 | (0.23 | ) | — | (0.35 | ) | (0.58 | ) | — | 9.30 | 15,558 | 5.67 | 1.57 | 1.58 | 2.39 | 58 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 9.59 | 0.29 | (d) | 0.46 | 0.75 | (0.29 | ) | — | (0.70 | ) | (0.99 | ) | — | 9.35 | 18,317 | 8.05 | 1.58 | 1.58 | 3.00 | 88 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 9.63 | 0.36 | (d) | 0.20 | 0.56 | (0.36 | ) | — | (0.24 | ) | (0.60 | ) | — | 9.59 | 16,193 | 5.87 | 1.50 | 1.50 | 3.64 | 45 | (e) | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 8.53 | 0.36 | 1.10 | 1.46 | (0.36 | ) | — | — | (0.36 | ) | — | 9.63 | 18,885 | 17.32 | 1.50 | 1.50 | 3.89 | 75 | ||||||||||||||||||||||||||||||||||||||||||||||
Georgia Tax-Exempt Bond Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 10.42 | 0.15 | (d) | 0.32 | 0.47 | (0.15 | ) | — | — | (0.15 | ) | — | 10.74 | 123,823 | 4.49 | 0.62 | 0.62 | 2.73 | 21 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.78 | 0.31 | (d) | (0.36 | ) | (0.05 | ) | (0.31 | ) | — | — | (0.31 | ) | — | 10.42 | 120,835 | (0.37 | ) | 0.57 | 0.57 | 3.01 | 67 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.55 | 0.34 | (d) | 0.23 | 0.57 | (0.34 | ) | — | — | (0.34 | ) | — | 10.78 | 148,153 | 5.44 | 0.59 | 0.59 | 3.15 | 50 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 9.73 | 0.36 | (d) | 0.82 | 1.18 | (0.36 | ) | — | — | (0.36 | ) | — | 10.55 | 145,803 | 12.33 | 0.62 | 0.62 | 3.55 | 57 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 10.23 | 0.39 | (d) | (0.50 | ) | (0.11 | ) | (0.39 | ) | — | — | (0.39 | ) | — | 9.73 | 159,996 | (1.19 | ) | 0.61 | 0.61 | 3.81 | 44 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 9.81 | 0.39 | 0.42 | 0.81 | (0.39 | ) | — | — | (0.39 | ) | — | 10.23 | 205,856 | 8.32 | 0.60 | 0.60 | 3.80 | 45 | ||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 10.44 | 0.14 | (d) | 0.32 | 0.46 | (0.14 | ) | — | — | (0.14 | ) | — | 10.76 | 3,665 | 4.42 | 0.73 | 0.73 | 2.62 | 21 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.80 | 0.30 | (d) | (0.36 | ) | (0.06 | ) | (0.30 | ) | — | — | (0.30 | ) | — | 10.44 | 4,139 | (0.52 | ) | 0.72 | 0.72 | 2.87 | 67 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.57 | 0.32 | (d) | 0.23 | 0.55 | (0.32 | ) | — | — | (0.32 | ) | — | 10.80 | 4,566 | 5.27 | 0.74 | 0.74 | 2.99 | 50 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 9.75 | 0.35 | (d) | 0.82 | 1.17 | (0.35 | ) | — | — | (0.35 | ) | — | 10.57 | 4,280 | 12.14 | 0.77 | 0.77 | 3.39 | 57 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 10.24 | 0.37 | (d) | (0.49 | ) | (0.12 | ) | (0.37 | ) | — | — | (0.37 | ) | — | 9.75 | 5,557 | (1.24 | ) | 0.76 | 0.76 | 3.64 | 44 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 9.83 | 0.36 | 0.42 | 0.78 | (0.37 | ) | — | — | (0.37 | ) | — | 10.24 | 10,184 | 8.03 | 0.75 | 0.75 | 3.56 | 45 | ||||||||||||||||||||||||||||||||||||||||||||||
High Grade Municipal Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 11.86 | 0.16 | (d) | 0.41 | 0.57 | (0.16 | ) | — | — | (0.16 | ) | — | 12.27 | 73,700 | 4.82 | 0.65 | 0.68 | 2.63 | 98 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 12.10 | 0.34 | (d) | (0.19 | ) | 0.15 | (0.34 | ) | — | (0.05 | ) | (0.39 | ) | — | 11.86 | 47,737 | 1.40 | 0.65 | 0.68 | 2.90 | 227 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 11.96 | 0.34 | (d) | 0.50 | 0.84 | (0.34 | ) | — | (0.36 | ) | (0.70 | ) | — | 12.10 | 54,892 | 7.12 | 0.65 | 0.68 | 2.78 | 168 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 10.92 | 0.38 | (d) | 1.07 | 1.45 | (0.38 | ) | — | (0.03 | ) | (0.41 | ) | — | 11.96 | 42,963 | 13.43 | 0.64 | 0.66 | 3.29 | 218 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 11.15 | 0.44 | (d) | (0.23 | ) | 0.21 | (0.44 | ) | — | — | (0.44 | ) | — | 10.92 | 47,695 | 1.82 | 0.65 | 0.71 | 3.90 | 122 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 10.49 | 0.42 | 0.66 | 1.08 | (0.42 | ) | — | — | (0.42 | ) | — | 11.15 | 55,203 | 10.43 | 0.64 | 0.66 | 3.83 | 123 | ||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 11.86 | 0.15 | (d) | 0.41 | 0.56 | (0.15 | ) | — | — | (0.15 | ) | — | 12.27 | 13,904 | 4.75 | 0.79 | 0.79 | 2.47 | 98 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 12.11 | 0.32 | (d) | (0.20 | ) | 0.12 | (0.32 | ) | — | (0.05 | ) | (0.37 | ) | — | 11.86 | 8,967 | 1.16 | 0.80 | 0.82 | 2.75 | 227 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 11.97 | 0.32 | (d) | 0.50 | 0.82 | (0.32 | ) | — | (0.36 | ) | (0.68 | ) | — | 12.11 | 11,363 | 6.97 | 0.80 | 0.83 | 2.63 | 168 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 10.92 | 0.36 | (d) | 1.08 | 1.44 | (0.36 | ) | — | (0.03 | ) | (0.39 | ) | — | 11.97 | 8,155 | 13.36 | 0.79 | 0.81 | 3.15 | 218 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 11.15 | 0.42 | (d) | (0.23 | ) | 0.19 | (0.42 | ) | — | — | (0.42 | ) | — | 10.92 | 7,914 | 1.66 | 0.80 | 0.87 | 3.72 | 122 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 10.49 | 0.40 | 0.66 | 1.06 | (0.40 | ) | — | — | (0.40 | ) | — | 11.15 | 5,605 | 10.26 | 0.79 | 0.81 | 3.66 | 123 |
See Notes to Financial Statements.
122
Table of Contents
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
Net Asset Value, Beginning of Period | Net Investment Income (Loss) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Operations | Dividends from Net Investment Income | Distributions from Tax Return of Capital | Distributions from Realized Capital Gains | Total Dividends and Distributions | Payments by Affiliates | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(a) | Ratio of Net Expenses to Average Net Assets(b) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(b) | Ratio of Net Investment Income to Average Net Assets(b) | Portfolio Turnover Rate(c) | |||||||||||||||||||||||||||||||||||||||||||||||||
High Income Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | $7.26 | $0.20 | (d) | $(0.17 | ) | $0.03 | $(0.20 | ) | $— | $— | $(0.20 | ) | $— | $7.09 | $751,114 | 0.28 | % | 0.77 | % | 0.77 | % | 5.51 | % | 45 | % | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 7.32 | 0.43 | (d) | 0.11 | 0.54 | (0.44 | ) | — | (0.16 | ) | (0.60 | ) | — | 7.26 | 783,072 | 7.68 | 0.77 | 0.77 | 6.00 | 110 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 6.89 | 0.45 | (d) | 0.43 | 0.88 | (0.45 | ) | — | — | (0.45 | ) | — | 7.32 | 784,870 | 13.17 | 0.74 | 0.75 | 6.33 | 118 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 7.29 | 0.51 | (d) | (0.32 | ) | 0.19 | (0.52 | ) | — | (0.07 | ) | (0.59 | ) | — | 6.89 | 576,626 | 3.04 | 0.71 | 0.71 | 7.37 | 148 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 6.77 | 0.50 | (d) | 0.54 | 1.04 | (0.50 | ) | — | (0.02 | ) | (0.52 | ) | — | 7.29 | 394,690 | 15.83 | 0.70 | 0.70 | 7.10 | 259 | (e) | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 4.67 | 0.55 | 2.09 | 2.64 | (0.54 | ) | — | — | (0.54 | ) | — | 6.77 | 148,252 | 58.65 | 0.70 | 0.72 | 8.97 | 466 | ||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 7.27 | 0.19 | (d) | (0.17 | ) | 0.02 | (0.20 | ) | — | — | (0.20 | ) | — | 7.09 | 67,323 | 0.18 | 0.96 | 0.96 | 5.24 | 45 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 7.32 | 0.42 | (d) | 0.11 | 0.53 | (0.42 | ) | — | (0.16 | ) | (0.58 | ) | — | 7.27 | 157,360 | 7.60 | (f) | 0.97 | 0.97 | 5.82 | 110 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 6.90 | 0.43 | (d) | 0.42 | 0.85 | (0.43 | ) | — | — | (0.43 | ) | — | 7.32 | 119,006 | 12.72 | 0.99 | 0.99 | 6.09 | 118 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 7.29 | 0.49 | (d) | (0.31 | ) | 0.18 | (0.50 | ) | — | (0.07 | ) | (0.57 | ) | — | 6.90 | 99,210 | 2.74 | 1.00 | 1.00 | 7.09 | 148 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 6.78 | 0.47 | (d) | 0.54 | 1.01 | (0.48 | ) | — | (0.02 | ) | (0.50 | ) | — | 7.29 | 70,552 | 15.47 | 1.00 | 1.00 | 6.62 | 259 | (e) | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 4.68 | 0.53 | 2.09 | 2.62 | (0.52 | ) | — | — | (0.52 | ) | — | 6.78 | 3,822 | 58.07 | 0.99 | 1.01 | 8.67 | 466 | ||||||||||||||||||||||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 7.27 | 0.19 | (d) | (0.18 | ) | 0.01 | (0.19 | ) | — | — | (0.19 | ) | — | 7.09 | 21,315 | 0.07 | 1.19 | 1.19 | 5.10 | 45 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 7.32 | 0.40 | (d) | 0.12 | 0.52 | (0.41 | ) | — | (0.16 | ) | (0.57 | ) | — | 7.27 | 22,317 | 7.37 | 1.20 | 1.20 | 5.57 | 110 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 6.89 | 0.41 | (d) | 0.43 | 0.84 | (0.41 | ) | — | — | (0.41 | ) | — | 7.32 | 23,956 | 12.61 | 1.23 | 1.23 | 5.85 | 118 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 7.29 | 0.47 | (d) | (0.33 | ) | 0.14 | (0.47 | ) | — | (0.07 | ) | (0.54 | ) | — | 6.89 | 20,317 | 2.25 | 1.35 | 1.35 | 6.76 | 148 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 6.78 | 0.45 | (d) | 0.53 | 0.98 | (0.45 | ) | — | (0.02 | ) | (0.47 | ) | — | 7.29 | 15,671 | 15.07 | 1.40 | 1.40 | 6.54 | 259 | (e) | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 4.67 | 0.51 | 2.10 | 2.61 | (0.50 | ) | — | — | (0.50 | ) | — | 6.78 | 16,176 | 57.86 | 1.35 | 1.38 | 8.68 | 466 | ||||||||||||||||||||||||||||||||||||||||||||||
IS Shares(g) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 7.22 | 0.07 | (d) | (0.13 | ) | (0.06 | ) | (0.07 | ) | — | — | (0.07 | ) | — | 7.09 | 5,666 | (0.79 | ) | 0.64 | 0.64 | 6.15 | 45 | ||||||||||||||||||||||||||||||||||||||||||
Intermediate Bond Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 9.76 | 0.07 | (d) | 0.03 | 0.10 | (0.07 | ) | — | — | (0.07 | ) | — | 9.79 | 297,745 | 0.98 | 0.45 | 0.45 | 1.33 | 55 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.31 | 0.13 | (d) | (0.16 | ) | (0.03 | ) | (0.14 | ) | — | (0.38 | ) | (0.52 | ) | — | 9.76 | 356,689 | (0.24 | ) | 0.39 | 0.39 | 1.31 | 149 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.45 | 0.17 | (d) | 0.16 | 0.33 | (0.17 | ) | — | (0.30 | ) | (0.47 | ) | — | 10.31 | 942,715 | 3.24 | 0.35 | 0.35 | 1.63 | 116 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 10.35 | 0.22 | (d) | 0.45 | 0.67 | (0.22 | ) | — | (0.35 | ) | (0.57 | ) | — | 10.45 | 1,194,207 | 6.45 | 0.35 | 0.35 | 2.04 | 139 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 10.53 | 0.29 | (d) | 0.11 | 0.40 | (0.25 | ) | (0.03 | ) | (0.30 | ) | (0.58 | ) | — | 10.35 | 1,305,914 | 3.75 | 0.34 | 0.34 | 2.73 | 127 | (e) | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 10.27 | 0.34 | (d) | 0.27 | 0.61 | (0.30 | ) | — | (0.05 | ) | (0.35 | ) | — | 10.53 | 1,559,191 | 6.08 | 0.31 | 0.31 | 3.24 | 122 | ||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 9.77 | 0.06 | (d) | 0.03 | 0.09 | (0.06 | ) | — | — | (0.06 | ) | — | 9.80 | 2,011 | 0.90 | 0.62 | 0.62 | 1.16 | 55 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.31 | 0.11 | (d) | (0.16 | ) | (0.05 | ) | (0.11 | ) | — | (0.38 | ) | (0.49 | ) | — | 9.77 | 3,671 | (0.38 | ) | 0.65 | 0.65 | 1.07 | 149 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.46 | 0.14 | (d) | 0.15 | 0.29 | (0.14 | ) | — | (0.30 | ) | (0.44 | ) | — | 10.31 | 9,878 | 2.85 | 0.63 | 0.63 | 1.34 | 116 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 10.35 | 0.19 | (d) | 0.46 | 0.65 | (0.19 | ) | — | (0.35 | ) | (0.54 | ) | — | 10.46 | 11,320 | 6.26 | 0.62 | 0.62 | 1.75 | 139 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 10.53 | 0.28 | (d) | 0.09 | 0.37 | (0.22 | ) | (0.03 | ) | (0.30 | ) | (0.55 | ) | — | 10.35 | 12,926 | 3.49 | 0.60 | 0.60 | 2.62 | 127 | (e) | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 10.27 | 0.31 | (d) | 0.28 | 0.59 | (0.28 | ) | — | (0.05 | ) | (0.33 | ) | — | 10.53 | 11,916 | 5.83 | 0.55 | 0.55 | 2.96 | 122 |
See Notes to Financial Statements.
123
Table of Contents
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
Net Asset Value, Beginning of Period | Net Investment Income (Loss) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Operations | Dividends from Net Investment Income | Distributions from Tax Return of Capital | Distributions from Realized Capital Gains | Total Dividends and Distributions | Payments by Affiliates | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(a) | Ratio of Net Expenses to Average Net Assets(b) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(b) | Ratio of Net Investment Income to Average Net Assets(b) | Portfolio Turnover Rate(c) | |||||||||||||||||||||||||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | $9.76 | $0.04 | (d) | $0.04 | $0.08 | $(0.04 | ) | $— | $— | $(0.04 | ) | $— | $9.80 | $19 | 0.79 | % | 1.04 | % | 1.04 | % | 0.73 | % | 55 | % | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.30 | 0.07 | (d) | (0.15 | ) | (0.08 | ) | (0.08 | ) | — | (0.38 | ) | (0.46 | ) | — | 9.76 | 18 | (0.74 | ) | 0.99 | 0.99 | 0.74 | 149 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.45 | 0.11 | (d) | 0.15 | 0.26 | (0.11 | ) | — | (0.30 | ) | (0.41 | ) | — | 10.30 | 32 | 2.58 | 0.92 | 1.82 | 1.06 | 116 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 10.35 | 0.14 | (d) | 0.45 | 0.59 | (0.14 | ) | — | (0.35 | ) | (0.49 | ) | — | 10.45 | 749 | 5.72 | 1.04 | 1.04 | 1.36 | 139 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 10.53 | 0.23 | (d) | 0.09 | 0.32 | (0.17 | ) | (0.03 | ) | (0.30 | ) | (0.50 | ) | — | 10.35 | 901 | 3.03 | 1.10 | 1.10 | 2.13 | 127 | (e) | ||||||||||||||||||||||||||||||||||||||||||
Period from April 1, 2007 through March 31, 2010 | 10.27 | 0.27 | (d) | 0.28 | 0.55 | (0.24 | ) | — | (0.05 | ) | (0.29 | ) | — | 10.53 | 1,068 | 5.47 | 0.91 | 0.91 | 2.56 | 122 | ||||||||||||||||||||||||||||||||||||||||||||
Investment Grade Tax-Exempt Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 12.13 | 0.15 | (d) | 0.26 | 0.41 | (0.15 | ) | — | — | (0.15 | ) | — | 12.39 | 632,523 | 3.43 | 0.65 | 0.67 | 2.51 | 53 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 12.45 | 0.28 | (d) | (0.23 | ) | 0.05 | (0.28 | ) | — | (0.09 | ) | (0.37 | ) | — | 12.13 | 643,828 | 0.48 | 0.64 | 0.64 | 2.29 | 104 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 12.49 | 0.25 | (d) | 0.35 | 0.60 | (0.25 | ) | — | (0.39 | ) | (0.64 | ) | — | 12.45 | 982,171 | 4.87 | 0.62 | 0.63 | 1.98 | 151 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 11.65 | 0.29 | (d) | 0.93 | 1.22 | (0.29 | ) | — | (0.09 | ) | (0.38 | ) | — | 12.49 | 950,629 | 10.62 | 0.61 | 0.61 | 2.38 | 199 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 11.99 | 0.33 | (d) | (0.06 | ) | 0.27 | (0.33 | ) | — | (0.28 | ) | (0.61 | ) | — | 11.65 | 1,067,672 | 2.22 | 0.57 | 0.57 | 2.71 | 159 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 11.60 | 0.37 | 0.56 | 0.93 | (0.37 | ) | — | (0.17 | ) | (0.54 | ) | — | 11.99 | 1,037,972 | 8.15 | 0.55 | 0.56 | 3.08 | 169 | |||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 12.14 | 0.15 | (d) | 0.26 | 0.41 | (0.15 | ) | — | — | (0.15 | ) | — | 12.40 | 28,156 | 3.35 | 0.80 | 0.90 | 2.36 | 53 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 12.47 | 0.26 | (d) | (0.24 | ) | 0.02 | (0.26 | ) | — | (0.09 | ) | (0.35 | ) | — | 12.14 | 30,100 | 0.23 | 0.80 | 0.90 | 2.13 | 104 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 12.50 | 0.23 | (d) | 0.36 | 0.59 | (0.23 | ) | — | (0.39 | ) | (0.62 | ) | — | 12.47 | 36,958 | 4.75 | 0.82 | 0.87 | 1.78 | 151 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 11.66 | 0.26 | (d) | 0.93 | 1.19 | (0.26 | ) | — | (0.09 | ) | (0.35 | ) | — | 12.50 | 37,840 | 10.33 | 0.87 | 0.87 | 2.12 | 199 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 12.00 | 0.29 | (d) | (0.06 | ) | 0.23 | (0.29 | ) | — | (0.28 | ) | (0.57 | ) | — | 11.66 | 31,189 | 1.93 | 0.85 | 0.85 | 2.42 | 159 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 11.61 | 0.34 | 0.56 | 0.90 | (0.34 | ) | — | (0.17 | ) | (0.51 | ) | — | 12.00 | 24,344 | 7.82 | 0.84 | 0.85 | 2.74 | 169 | |||||||||||||||||||||||||||||||||||||||||||||
Limited Duration Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 9.83 | 0.01 | (d) | — | (h) | 0.01 | (0.01 | ) | — | — | (0.01 | ) | — | 9.83 | 6,651 | 0.09 | 0.33 | 0.41 | 0.21 | 26 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 9.83 | 0.03 | (d) | (0.01 | ) | 0.02 | (0.02 | ) | — | — | (0.02 | ) | — | 9.83 | 6,650 | 0.21 | 0.32 | 0.43 | 0.27 | 104 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 9.76 | 0.05 | (d) | 0.06 | 0.11 | (0.04 | ) | — | — | (0.04 | ) | — | 9.83 | 9,357 | 1.08 | 0.30 | 0.33 | 0.50 | 56 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 9.76 | 0.07 | (d) | (0.01 | ) | 0.06 | (0.06 | ) | — | — | (0.06 | ) | — | 9.76 | 16,002 | 0.58 | 0.28 | 0.28 | 0.68 | 58 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 9.71 | 0.10 | (d) | 0.03 | 0.13 | (0.08 | ) | — | — | (0.08 | ) | — | 9.76 | 21,883 | 1.37 | 0.22 | 0.22 | 1.11 | 74 | (e) | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 9.52 | 0.08 | 0.18 | 0.26 | (0.07 | ) | — | — | (0.07 | ) | — | 9.71 | 22,482 | 2.69 | 0.23 | 0.23 | 0.82 | 124 | ||||||||||||||||||||||||||||||||||||||||||||||
Limited-Term Federal Mortgage Securities Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 10.90 | 0.11 | (d) | 0.18 | 0.29 | (0.13 | ) | — | — | (0.13 | ) | — | 11.06 | 3,509 | 2.66 | 0.67 | 1.30 | 1.92 | 83 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.16 | 0.12 | (d) | (0.16 | ) | (0.04 | ) | (0.22 | ) | — | — | (0.22 | ) | — | 10.90 | 3,692 | (0.38 | ) | 0.66 | 1.10 | 1.08 | 236 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 11.09 | 0.04 | (d) | 0.21 | 0.25 | (0.18 | ) | — | — | (0.18 | ) | — | 11.16 | 8,851 | 2.26 | 0.66 | 0.85 | 0.37 | 163 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 10.59 | 0.12 | (d) | 0.62 | 0.74 | (0.24 | ) | — | — | (0.24 | ) | — | 11.09 | 24,688 | 7.01 | 0.66 | 0.72 | 1.06 | 299 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 10.38 | 0.19 | (d) | 0.30 | 0.49 | (0.28 | ) | — | — | (0.28 | ) | — | 10.59 | 30,522 | 4.73 | 0.65 | 0.80 | 1.77 | 443 | (e) | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 10.19 | 0.31 | 0.23 | 0.54 | (0.35 | ) | — | — | (0.35 | ) | — | 10.38 | 20,998 | 5.41 | 0.62 | 0.66 | 3.25 | 435 |
See Notes to Financial Statements.
124
Table of Contents
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
Net Asset Value, Beginning of Period | Net Investment Income (Loss) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Operations | Dividends from Net Investment Income | Distributions from Tax Return of Capital | Distributions from Realized Capital Gains | Total Dividends and Distributions | Payments by Affiliates | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(a) | Ratio of Net Expenses to Average Net Assets(b) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(b) | Ratio of Net Investment Income to Average Net Assets(b) | Portfolio Turnover Rate(c) | |||||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | $10.88 | $0.09 | (d) | $0.19 | $0.28 | $(0.12 | ) | $— | $— | $(0.12 | ) | $— | $11.04 | $1,638 | 2.57 | % | 0.87 | % | 1.41 | % | 1.72 | % | 83 | % | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.14 | 0.11 | (d) | (0.18 | ) | (0.07 | ) | (0.19 | ) | — | — | (0.19 | ) | — | 10.88 | 1,721 | (0.58 | ) | 0.86 | 1.27 | 1.02 | 236 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 11.07 | 0.02 | (d) | 0.21 | 0.23 | (0.16 | ) | — | — | (0.16 | ) | — | 11.14 | 2,271 | 2.06 | 0.86 | 1.05 | 0.15 | 163 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 10.57 | 0.09 | (d) | 0.62 | 0.71 | (0.21 | ) | — | — | (0.21 | ) | — | 11.07 | 6,279 | 6.81 | 0.86 | 0.93 | 0.78 | 299 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 10.36 | 0.17 | (d) | 0.30 | 0.47 | (0.26 | ) | — | — | (0.26 | ) | — | 10.57 | 2,924 | 4.53 | 0.85 | 1.01 | 1.63 | 443 | (e) | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 10.17 | 0.30 | 0.22 | 0.52 | (0.33 | ) | — | — | (0.33 | ) | — | 10.36 | 2,598 | 5.21 | 0.82 | 0.88 | 2.91 | 435 | ||||||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 10.90 | 0.05 | (d) | 0.19 | 0.24 | (0.08 | ) | — | — | (0.08 | ) | — | 11.06 | 4,374 | 2.16 | 1.66 | 2.19 | 0.94 | 83 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.16 | 0.03 | (d) | (0.18 | ) | (0.15 | ) | (0.11 | ) | — | — | (0.11 | ) | — | 10.90 | 4,780 | (1.36 | ) | 1.66 | 2.04 | 0.23 | 236 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 11.09 | (0.07 | )(d) | 0.21 | 0.14 | (0.07 | ) | — | — | (0.07 | ) | — | 11.16 | 6,039 | 1.25 | 1.66 | 1.84 | (0.65 | ) | 163 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 10.59 | 0.01 | (d) | 0.62 | 0.63 | (0.13 | ) | — | — | (0.13 | ) | — | 11.09 | 7,376 | 5.94 | 1.66 | 1.71 | 0.06 | 299 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 10.38 | 0.09 | (d) | 0.29 | 0.38 | (0.17 | ) | — | — | (0.17 | ) | — | 10.59 | 7,375 | 3.69 | 1.66 | 1.82 | 0.82 | 443 | (e) | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 10.19 | 0.22 | 0.22 | 0.44 | (0.25 | ) | — | — | (0.25 | ) | — | 10.38 | 8,265 | 4.36 | 1.62 | 1.67 | 2.15 | 435 | ||||||||||||||||||||||||||||||||||||||||||||||
North Carolina Tax-Exempt Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 10.06 | 0.13 | (d) | 0.28 | 0.41 | (0.13 | ) | — | — | (0.13 | ) | — | 10.34 | 35,456 | 4.06 | 0.65 | 0.67 | 2.46 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.68 | 0.26 | (d) | (0.31 | ) | (0.05 | ) | (0.27 | ) | — | (0.30 | ) | (0.57 | ) | — | 10.06 | 37,311 | (0.38 | ) | 0.61 | 0.61 | 2.59 | 77 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.47 | 0.30 | (d) | 0.21 | 0.51 | (0.30 | ) | — | — | (0.30 | ) | — | 10.68 | 50,991 | 4.88 | 0.62 | 0.62 | 2.79 | 79 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 9.70 | 0.33 | (d) | 0.77 | 1.10 | (0.33 | ) | — | — | (0.33 | ) | — | 10.47 | 50,412 | 11.51 | 0.67 | 0.67 | 3.27 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 10.07 | 0.36 | (d) | (0.37 | ) | (0.01 | ) | (0.36 | ) | — | — | (0.36 | ) | — | 9.70 | 51,372 | (0.14 | ) | 0.64 | 0.64 | 3.61 | 49 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 9.63 | 0.37 | 0.44 | 0.81 | (0.37 | ) | — | — | (0.37 | ) | — | 10.07 | 51,866 | 8.53 | 0.62 | 0.62 | 3.72 | 65 | ||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 10.04 | 0.12 | (d) | 0.27 | 0.39 | (0.12 | ) | — | — | (0.12 | ) | — | 10.31 | 775 | 3.89 | 0.78 | 0.78 | 2.34 | 20 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.65 | 0.25 | (d) | (0.31 | ) | (0.06 | ) | (0.25 | ) | — | (0.30 | ) | (0.55 | ) | — | 10.04 | 861 | (0.45 | ) | 0.77 | 0.77 | 2.44 | 77 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.45 | 0.28 | (d) | 0.20 | 0.48 | (0.28 | ) | — | — | (0.28 | ) | — | 10.65 | 910 | 4.63 | 0.77 | 0.77 | 2.60 | 79 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 9.67 | 0.32 | (d) | 0.78 | 1.10 | (0.32 | ) | — | — | (0.32 | ) | — | 10.45 | 633 | 11.47 | 0.82 | 0.82 | 3.11 | 39 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 10.04 | 0.35 | (d) | (0.37 | ) | (0.02 | ) | (0.35 | ) | — | — | (0.35 | ) | — | 9.67 | 693 | (0.30 | ) | 0.79 | 0.79 | 3.47 | 49 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 9.61 | 0.36 | 0.43 | 0.79 | (0.36 | ) | — | — | (0.36 | ) | — | 10.04 | 762 | 8.28 | 0.77 | 0.77 | 3.57 | 65 | ||||||||||||||||||||||||||||||||||||||||||||||
Seix Floating Rate High Income Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 9.06 | 0.19 | (d) | (0.14 | ) | 0.05 | (0.19 | ) | — | — | (0.19 | ) | — | 8.92 | 7,088,115 | 0.54 | 0.61 | 0.61 | 4.17 | 15 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 9.06 | 0.38 | (d) | 0.01 | 0.37 | (0.37 | ) | — | — | (0.37 | ) | — | 9.06 | 8,965,312 | 4.16 | 0.60 | 0.60 | 4.13 | 47 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 8.83 | 0.46 | (d) | 0.20 | 0.66 | (0.43 | ) | — | — | (0.43 | ) | — | 9.06 | 5,780,847 | 7.67 | 0.60 | 0.60 | 5.13 | 70 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 9.01 | 0.50 | (d) | (0.22 | ) | 0.28 | (0.46 | ) | — | — | (0.46 | ) | — | 8.83 | 3,419,351 | 3.31 | 0.60 | 0.60 | 5.69 | 72 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 8.80 | 0.59 | (d) | 0.15 | 0.74 | (0.53 | ) | — | — | (0.53 | ) | — | 9.01 | 3,078,972 | 8.64 | 0.51 | 0.51 | 6.62 | 98 | (e) | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 7.37 | 0.53 | 1.40 | 1.93 | (0.50 | ) | — | — | (0.50 | ) | — | 8.80 | 1,173,308 | 26.68 | 0.50 | 0.50 | 7.08 | 117 |
See Notes to Financial Statements.
125
Table of Contents
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
Net Asset Value, Beginning of Period | Net Investment Income (Loss) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Operations | Dividends from Net Investment Income | Distributions from Tax Return of Capital | Distributions from Realized Capital Gains | Total Dividends and Distributions | Payments by Affiliates | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(a) | Ratio of Net Expenses to Average Net Assets(b) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(b) | Ratio of Net Investment Income to Average Net Assets(b) | Portfolio Turnover Rate(c) | |||||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | $9.06 | $0.18 | (d) | $(0.14 | ) | $0.04 | $(0.18 | ) | $— | $— | $(0.18 | ) | $— | $8.92 | $192,055 | 0.39 | % | 0.91 | % | 0.91 | % | 3.88 | % | 15 | % | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 9.06 | 0.35 | (d) | 0.01 | 0.34 | (0.34 | ) | — | — | (0.34 | ) | — | 9.06 | 212,336 | 3.86 | 0.89 | 0.89 | 3.82 | 47 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 8.83 | 0.43 | (d) | 0.21 | 0.64 | (0.41 | ) | — | — | (0.41 | ) | — | 9.06 | 99,040 | 7.39 | 0.85 | 0.85 | 4.85 | 70 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 9.01 | 0.48 | (d) | (0.22 | ) | 0.26 | (0.44 | ) | — | — | (0.44 | ) | — | 8.83 | 51,185 | 3.05 | 0.85 | 0.85 | 5.47 | 72 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 8.80 | 0.55 | (d) | 0.16 | 0.71 | (0.50 | ) | — | — | (0.50 | ) | — | 9.01 | 69,159 | 8.29 | 0.84 | 0.84 | 6.22 | 98 | (e) | ||||||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2010 | 7.38 | 0.50 | 1.39 | 1.89 | (0.47 | ) | — | — | (0.47 | ) | — | 8.80 | 22,298 | 26.11 | 0.81 | 0.81 | 6.81 | 117 | ||||||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 9.07 | 0.15 | (d) | (0.15 | ) | — | (0.15 | ) | — | — | (0.15 | ) | — | 8.92 | 78,659 | (0.02 | ) | 1.51 | 1.51 | 3.28 | 15 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 9.06 | 0.29 | (d) | 0.01 | 0.30 | (0.29 | ) | — | — | (0.29 | ) | — | 9.07 | 83,149 | 3.33 | 1.51 | 1.51 | 3.21 | 47 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 8.83 | 0.38 | (d) | 0.20 | 0.58 | (0.35 | ) | — | — | (0.35 | ) | — | 9.06 | 40,493 | 6.69 | 1.51 | 1.51 | 4.22 | 70 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 9.02 | 0.42 | (d) | (0.23 | ) | 0.19 | (0.38 | ) | — | — | (0.38 | ) | — | 8.83 | 30,132 | 2.26 | 1.52 | 1.52 | 4.77 | 72 | ||||||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2011 | 8.81 | 0.50 | (d) | 0.15 | 0.65 | (0.44 | ) | — | — | (0.44 | ) | — | 9.02 | 22,234 | 7.57 | 1.50 | 1.50 | 5.65 | 98 | (e) | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 7.37 | 0.45 | 1.41 | 1.86 | (0.42 | ) | — | — | (0.42 | ) | — | 8.81 | 7,402 | 25.59 | 1.49 | 1.49 | 6.35 | 117 | ||||||||||||||||||||||||||||||||||||||||||||||
Seix High Yield Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 9.95 | 0.28 | (d) | (0.21 | ) | 0.07 | (0.28 | ) | — | — | (0.28 | ) | — | 9.74 | 798,597 | 0.72 | 0.61 | 0.61 | 5.63 | 34 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.26 | 0.58 | (d) | 0.06 | 0.64 | (0.59 | ) | — | (0.36 | ) | (0.95 | ) | — | 9.95 | 1,211,146 | 6.65 | 0.55 | 0.55 | 5.79 | 89 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 9.69 | 0.64 | (d) | 0.56 | 1.20 | (0.63 | ) | — | — | (0.63 | ) | — | 10.26 | 1,792,768 | 12.80 | 0.54 | 0.54 | 6.41 | 79 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 10.07 | 0.70 | (d) | (0.38 | ) | 0.32 | (0.70 | ) | — | — | (0.70 | ) | — | 9.69 | 2,123,625 | 3.44 | 0.54 | 0.54 | 7.27 | 83 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 9.46 | 0.77 | (d) | 0.61 | 1.38 | (0.77 | ) | — | — | (0.77 | ) | — | 10.07 | 1,724,652 | 15.24 | 0.51 | 0.51 | 7.96 | 108 | (e) | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 7.75 | 0.77 | 1.70 | 2.47 | (0.76 | ) | — | — | (0.76 | ) | — | 9.46 | 1,723,678 | 32.91 | 0.48 | 0.49 | 8.54 | 116 | ||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 9.72 | 0.26 | (d) | (0.20 | ) | 0.06 | (0.26 | ) | — | — | (0.26 | ) | — | 9.52 | 8,073 | 0.64 | 0.87 | 0.87 | 5.29 | 34 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.03 | 0.55 | (d) | 0.05 | 0.60 | (0.55 | ) | — | (0.36 | ) | (0.91 | ) | — | 9.72 | 69,921 | 6.39 | 0.81 | 0.81 | 5.57 | 89 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 9.47 | 0.59 | (d) | 0.56 | 1.15 | (0.59 | ) | — | — | (0.59 | ) | — | 10.03 | 72,703 | 12.56 | 0.79 | 0.79 | 6.09 | 79 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 9.84 | 0.65 | (d) | (0.36 | ) | 0.29 | (0.66 | ) | — | — | (0.66 | ) | — | 9.47 | 38,016 | 3.21 | 0.78 | 0.78 | 6.91 | 83 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 9.25 | 0.73 | (d) | 0.60 | 1.33 | (0.74 | ) | — | — | (0.74 | ) | — | 9.84 | 35,238 | 14.99 | 0.77 | 0.77 | 7.74 | 108 | (e) | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 7.58 | 0.74 | 1.67 | 2.41 | (0.74 | ) | — | — | (0.74 | ) | — | 9.25 | 28,378 | 32.81 | 0.75 | 0.75 | 8.51 | 116 | ||||||||||||||||||||||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 9.94 | 0.26 | (d) | (0.21 | ) | 0.05 | (0.26 | ) | — | — | (0.26 | ) | — | 9.73 | 1,049 | 0.48 | 1.08 | 1.08 | 5.17 | 34 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.26 | 0.53 | (d) | 0.05 | 0.58 | (0.54 | ) | — | (0.36 | ) | (0.90 | ) | — | 9.94 | 1,237 | 6.04 | 1.04 | 1.04 | 5.31 | 89 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 9.68 | 0.59 | (d) | 0.57 | 1.16 | (0.58 | ) | — | — | (0.58 | ) | — | 10.26 | 2,385 | 12.36 | 1.03 | 1.03 | 5.92 | 79 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 10.07 | 0.65 | (d) | (0.40 | ) | 0.25 | (0.64 | ) | — | — | (0.64 | ) | — | 9.68 | 2,427 | 2.69 | 1.18 | 1.18 | 6.68 | 83 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 9.45 | 0.71 | (d) | 0.62 | 1.33 | (0.71 | ) | — | — | (0.71 | ) | — | 10.07 | 3,341 | 14.61 | 1.20 | 1.20 | 7.43 | 108 | (e) | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 7.75 | 0.71 | 1.69 | 2.40 | (0.70 | ) | — | — | (0.70 | ) | — | 9.45 | 6,347 | 31.92 | 1.14 | 1.14 | 7.92 | 116 |
See Notes to Financial Statements.
126
Table of Contents
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
Net Asset Value, Beginning of Period | Net Investment Income (Loss) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Operations | Dividends from Net Investment Income | Distributions from Tax Return of Capital | Distributions from Realized Capital Gains | Total Dividends and Distributions | Payments by Affiliates | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(a) | Ratio of Net Expenses to Average Net Assets(b) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(b) | Ratio of Net Investment Income to Average Net Assets(b) | Portfolio Turnover Rate(c) | |||||||||||||||||||||||||||||||||||||||||||||||||
Short-Term Bond Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | $9.95 | $0.04 | (d) | $(0.02 | ) | $0.02 | $(0.04 | ) | $— | $— | $(0.04 | ) | $— | $9.93 | $27,768 | 0.20 | % | 0.60 | % | 0.66 | % | 0.74 | % | 87 | % | |||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.00 | 0.12 | (d) | (0.05 | ) | 0.07 | (0.12 | ) | — | — | (0.12 | ) | — | 9.95 | 38,400 | 0.75 | 0.58 | 0.58 | 1.22 | 79 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 9.99 | 0.15 | (d) | 0.01 | 0.16 | (0.15 | ) | — | — | (0.15 | ) | — | 10.00 | 78,383 | 1.65 | 0.48 | 0.48 | 1.51 | 128 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 9.95 | 0.20 | (d) | 0.06 | 0.26 | (0.22 | ) | — | — | (0.22 | ) | — | 9.99 | 310,854 | 2.60 | 0.48 | 0.48 | 2.00 | 86 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 9.94 | 0.21 | (d) | 0.02 | 0.23 | (0.22 | ) | — | — | (0.22 | ) | — | 9.95 | 350,162 | 2.28 | 0.48 | 0.48 | 2.12 | 150 | (e) | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 9.40 | 0.30 | 0.53 | 0.83 | (0.29 | ) | — | — | (0.29 | ) | — | 9.94 | 489,413 | 8.91 | 0.46 | 0.46 | 3.00 | 122 | ||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 9.98 | 0.03 | (d) | (0.02 | ) | 0.01 | (0.03 | ) | — | — | (0.03 | ) | — | 9.96 | 2,396 | 0.10 | 0.80 | 0.85 | 0.54 | 87 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.03 | 0.10 | (d) | (0.05 | ) | 0.05 | (0.10 | ) | — | — | (0.10 | ) | — | 9.98 | 2,748 | 0.54 | 0.78 | 0.80 | 1.00 | 79 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.02 | 0.13 | (d) | 0.01 | 0.14 | (0.13 | ) | — | — | (0.13 | ) | — | 10.03 | 2,069 | 1.40 | 0.73 | 0.74 | 1.27 | 128 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 9.98 | 0.17 | (d) | 0.06 | 0.23 | (0.19 | ) | — | — | (0.19 | ) | — | 10.02 | 2,478 | 2.32 | 0.76 | 0.76 | 1.75 | 86 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 9.96 | 0.19 | (d) | 0.03 | 0.22 | (0.20 | ) | — | — | (0.20 | ) | — | 9.98 | 2,642 | 2.18 | 0.67 | 0.67 | 1.94 | 150 | (e) | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 9.42 | 0.28 | 0.53 | 0.81 | (0.27 | ) | — | — | (0.27 | ) | — | 9.96 | 3,389 | 8.65 | 0.68 | 0.68 | 2.78 | 122 | ||||||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 9.97 | — | (d)(h) | (0.02 | ) | (0.02 | ) | — | (h) | — | — | — | — | 9.95 | 1,899 | (0.20 | ) | 1.38 | 1.61 | (0.05 | ) | 87 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.02 | 0.02 | (d) | (0.04 | ) | (0.02 | ) | (0.03 | ) | — | — | (0.03 | ) | — | 9.97 | 1,899 | (0.24 | ) | 1.56 | 1.56 | 0.23 | 79 | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.01 | 0.05 | (d) | 0.01 | 0.06 | (0.05 | ) | — | — | (0.05 | ) | — | 10.02 | 2,425 | 0.65 | 1.48 | 1.48 | 0.52 | 128 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 9.98 | 0.10 | (d) | 0.05 | 0.15 | (0.12 | ) | — | — | (0.12 | ) | — | 10.01 | 3,009 | 1.48 | 1.48 | 1.48 | 1.01 | 86 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 9.96 | 0.11 | (d) | 0.03 | 0.14 | (0.12 | ) | — | — | (0.12 | ) | — | 9.98 | 2,685 | 1.36 | 1.47 | 1.47 | 1.12 | 150 | (e) | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 9.42 | 0.20 | 0.53 | 0.73 | (0.19 | ) | — | — | (0.19 | ) | — | 9.96 | 2,754 | 7.81 | 1.46 | 1.46 | 2.03 | 122 | ||||||||||||||||||||||||||||||||||||||||||||||
Short-Term Municipal Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 9.99 | 0.02 | (d) | 0.06 | 0.08 | (0.02 | ) | — | — | (0.02 | ) | — | 10.05 | 36,106 | 0.77 | 0.55 | 0.61 | 0.34 | 57 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.01 | 0.02 | (d) | 0.01 | 0.03 | (0.02 | ) | — | (0.03 | ) | (0.05 | ) | — | 9.99 | 30,852 | 0.37 | 0.54 | 0.71 | 0.21 | 260 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.73 | 0.05 | (d) | 0.27 | 0.32 | (0.06 | ) | — | (0.98 | ) | (1.04 | ) | — | 10.01 | 11,121 | 3.01 | 0.58 | 0.91 | 0.52 | 199 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 10.16 | 0.32 | (d) | 0.70 | 1.02 | (0.31 | ) | — | (0.14 | ) | (0.45 | ) | — | 10.73 | 5,956 | 10.16 | 0.67 | 0.77 | 3.00 | 27 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 10.48 | 0.35 | (d) | (0.29 | ) | 0.06 | (0.35 | ) | — | (0.03 | ) | (0.38 | ) | — | 10.16 | 21,302 | 0.53 | 0.68 | 0.68 | 3.32 | 33 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 10.04 | 0.37 | 0.44 | 0.81 | (0.37 | ) | — | — | (0.37 | ) | — | 10.48 | 24,332 | 8.18 | 0.65 | 0.65 | 3.58 | 35 | ||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 9.99 | 0.01 | (d) | 0.05 | 0.06 | (0.01 | ) | — | — | (0.01 | ) | — | 10.04 | 4,812 | 0.59 | 0.70 | 0.74 | 0.19 | 57 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.01 | 0.01 | (d) | 0.01 | 0.02 | (0.01 | ) | — | (0.03 | ) | (0.04 | ) | — | 9.99 | 5,900 | 0.25 | 0.65 | 0.82 | 0.10 | 260 | ||||||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2013 | 10.73 | 0.04 | (d) | 0.26 | 0.30 | (0.04 | ) | — | (0.98 | ) | (1.02 | ) | — | 10.01 | 3,694 | 2.86 | 0.73 | 1.04 | 0.39 | 199 | ||||||||||||||||||||||||||||||||||||||||||||
Period Ended March 31, 2012 | 10.16 | 0.29 | (d) | 0.71 | 1.00 | (0.29 | ) | — | (0.14 | ) | (0.43 | ) | — | 10.73 | 3,445 | 10.00 | 0.82 | 0.97 | 2.77 | 27 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 10.48 | 0.33 | (d) | (0.29 | ) | 0.04 | (0.33 | ) | — | (0.03 | ) | (0.36 | ) | — | 10.16 | 4,081 | 0.38 | 0.83 | 0.83 | 3.18 | 33 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010# | 10.29 | 0.24 | 0.19 | 0.43 | (0.24 | ) | — | — | (0.24 | ) | — | 10.48 | 5,200 | 4.18 | 0.81 | 0.81 | 3.38 | 35 |
See Notes to Financial Statements.
127
Table of Contents
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
Net Asset Value, Beginning of Period | Net Investment Income (Loss) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Operations | Dividends from Net Investment Income | Distributions from Tax Return of Capital | Distributions from Realized Capital Gains | Total Dividends and Distributions | Payments by Affiliates | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(a) | Ratio of Net Expenses to Average Net Assets(b) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(b) | Ratio of Net Investment Income to Average Net Assets(b) | Portfolio Turnover Rate(c) | |||||||||||||||||||||||||||||||||||||||||||||||||
Total Return Bond Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | $10.43 | $0.12 | (d) | $0.12 | $0.24 | $(0.13 | ) | $— | $— | $(0.13 | ) | — | $10.54 | $843,959 | 2.30 | % | 0.43 | % | 0.43 | % | 2.31 | % | 92 | % | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.79 | 0.22 | (d) | (0.26 | ) | (0.04 | ) | (0.22 | ) | — | (0.10 | ) | (0.32 | ) | — | 10.43 | 1,022,101 | (0.31 | ) | 0.41 | 0.41 | 2.12 | 217 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.77 | 0.18 | (d) | 0.25 | 0.43 | (0.21 | ) | — | (0.20 | ) | (0.41 | ) | — | 10.79 | 1,204,228 | 4.01 | 0.39 | 0.40 | 1.69 | 139 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 10.40 | 0.25 | (d) | 0.73 | 0.98 | (0.36 | ) | — | (0.25 | ) | (0.61 | ) | — | 10.77 | 996,213 | 9.62 | 0.37 | 0.37 | 2.30 | 170 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 10.60 | 0.33 | (d) | 0.22 | 0.55 | (0.27 | ) | (0.08 | ) | (0.40 | ) | (0.75 | ) | — | 10.40 | 684,952 | 5.20 | 0.33 | 0.33 | 3.05 | 251 | (e) | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 10.26 | 0.40 | 0.43 | 0.83 | (0.36 | ) | — | (0.13 | ) | (0.49 | ) | — | 10.60 | 724,588 | 8.17 | 0.31 | 0.31 | 3.72 | 326 | |||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 10.77 | 0.11 | (d) | 0.13 | 0.24 | (0.12 | ) | — | — | (0.12 | ) | — | 10.89 | 38,642 | 2.21 | 0.71 | 0.71 | 2.02 | 92 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 11.15 | 0.20 | (d) | (0.28 | ) | (0.08 | ) | (0.20 | ) | — | (0.10 | ) | (0.30 | ) | — | 10.77 | 41,134 | (0.70 | ) | 0.70 | 0.70 | 1.82 | 217 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 11.12 | 0.16 | (d) | 0.25 | 0.41 | (0.18 | ) | — | (0.20 | ) | (0.38 | ) | — | 11.15 | 50,279 | 3.76 | 0.66 | 0.68 | 1.42 | 139 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 10.73 | 0.22 | (d) | 0.76 | 0.98 | (0.34 | ) | — | (0.25 | ) | (0.59 | ) | — | 11.12 | 44,359 | 9.31 | 0.65 | 0.65 | 1.95 | 170 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 10.92 | 0.33 | (d) | 0.21 | 0.54 | (0.25 | ) | (0.08 | ) | (0.40 | ) | (0.73 | ) | — | 10.73 | 17,589 | 4.93 | 0.58 | 0.58 | 2.94 | 251 | (e) | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 10.57 | 0.38 | 0.43 | 0.81 | (0.33 | ) | — | (0.13 | ) | (0.46 | ) | — | 10.92 | 8,540 | 7.75 | 0.55 | 0.55 | 3.14 | 326 | |||||||||||||||||||||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 10.43 | 0.09 | (d) | 0.12 | 0.21 | (0.10 | ) | — | — | (0.10 | ) | — | 10.54 | 69,204 | 1.98 | 1.05 | 1.07 | 1.68 | 92 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.80 | 0.16 | (d) | (0.27 | ) | (0.11 | ) | (0.16 | ) | — | (0.10 | ) | (0.26 | ) | — | 10.43 | 72,556 | (1.02 | )(f) | 1.03 | 1.07 | 1.52 | 217 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.78 | 0.12 | (d) | 0.25 | 0.37 | (0.15 | ) | — | (0.20 | ) | (0.35 | ) | — | 10.80 | 72,697 | 3.34 | 0.96 | 1.05 | 1.11 | 139 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 10.40 | 0.18 | (d) | 0.76 | 0.94 | (0.31 | ) | — | (0.25 | ) | (0.56 | ) | — | 10.78 | 20,315 | 9.15 | 0.90 | 0.90 | 1.63 | 170 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 10.60 | 0.30 | (d) | 0.19 | 0.49 | (0.21 | ) | (0.08 | ) | (0.40 | ) | (0.69 | ) | — | 10.40 | 2,825 | 4.63 | 0.89 | 0.89 | 2.74 | 251 | (e) | ||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 10.26 | 0.35 | 0.42 | 0.77 | (0.30 | ) | — | (0.13 | ) | (0.43 | ) | — | 10.60 | 710 | 7.61 | 0.82 | 0.82 | 3.11 | 326 | |||||||||||||||||||||||||||||||||||||||||||||
IS Shares(g) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 10.56 | 0.04 | (d) | (0.02 | ) | 0.02 | (0.04 | ) | — | — | (0.04 | ) | — | 10.54 | 71,913 | 0.20 | 0.33 | 0.33 | 2.26 | 92 | ||||||||||||||||||||||||||||||||||||||||||||
Ultra-Short Bond Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 9.98 | 0.03 | (d) | (0.01 | ) | 0.02 | (0.03 | ) | — | — | (0.03 | ) | — | 9.97 | 145,818 | 0.25 | 0.37 | 0.37 | 0.60 | 26 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 9.98 | 0.07 | (d) | 0.01 | 0.08 | (0.08 | ) | — | — | (0.08 | ) | — | 9.98 | 122,053 | 0.76 | 0.35 | 0.35 | 0.65 | 134 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 9.95 | 0.10 | (d) | 0.04 | 0.14 | (0.11 | ) | — | — | (0.11 | ) | — | 9.98 | 109,224 | 1.39 | 0.33 | 0.33 | 0.98 | 127 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 9.93 | 0.10 | (d) | 0.03 | 0.13 | (0.11 | ) | — | — | (0.11 | ) | — | 9.95 | 112,617 | 1.34 | 0.34 | 0.34 | 0.99 | 97 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 9.91 | 0.13 | (d) | 0.04 | 0.17 | (0.15 | ) | — | — | (0.15 | ) | — | 9.93 | 115,795 | 1.76 | 0.32 | 0.32 | 1.31 | 229 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 9.52 | 0.25 | 0.39 | 0.64 | (0.25 | ) | — | — | (0.25 | ) | — | 9.91 | 92,528 | 6.82 | 0.34 | 0.37 | 2.51 | 130 | ||||||||||||||||||||||||||||||||||||||||||||||
U.S. Government Securities Fund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 8.20 | 0.03 | (d) | 0.07 | 0.10 | (0.03 | ) | — | — | (0.03 | ) | — | 8.27 | 17,141 | 1.22 | 0.75 | 0.96 | 0.73 | 27 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 8.43 | 0.04 | (d) | (0.21 | ) | (0.17 | ) | (0.04 | ) | — | (0.03 | ) | (0.07 | ) | 0.01 | 8.20 | 21,192 | (1.86 | )(i) | 0.74 | 0.87 | 0.46 | 96 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 8.69 | 0.04 | (d) | 0.15 | 0.19 | (0.04 | ) | — | (0.41 | ) | (0.45 | ) | — | 8.43 | 35,866 | 2.19 | 0.75 | 0.81 | 0.47 | 75 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 8.63 | 0.11 | (d) | 0.61 | 0.72 | (0.11 | ) | — | (0.55 | ) | (0.66 | ) | — | 8.69 | 40,754 | 8.27 | 0.73 | 0.73 | 1.18 | 94 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 8.76 | 0.18 | (d) | 0.22 | 0.40 | (0.18 | ) | — | (0.35 | ) | (0.53 | ) | — | 8.63 | 48,580 | 4.50 | 0.62 | 0.62 | 2.02 | 92 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 11.11 | 0.26 | (0.37 | ) | (0.11 | ) | (0.27 | ) | — | (1.97 | ) | (2.24 | ) | — | 8.76 | 71,910 | (1.07 | ) | 0.58 | 0.58 | 2.35 | 85 |
See Notes to Financial Statements.
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Table of Contents
FINANCIAL HIGHLIGHTS
RIDGEWORTH FUNDS Selected Data For a Share of Beneficial Interest Outstanding Throughout the Periods Indicated.
Net Asset Value, Beginning of Period | Net Investment Income (Loss) | Net Realized and Unrealized Gains (Losses) on Investments | Total from Operations | Dividends from Net Investment Income | Distributions from Tax Return of Capital | Distributions from Realized Capital Gains | Total Dividends and Distributions | Payments by Affiliates | Net Asset Value, End of Period | Net Assets End of Period (000) | Total Return(a) | Ratio of Net Expenses to Average Net Assets(b) | Ratio of Expenses to Average Net Assets (Excluding Waivers and Reimbursements)(b) | Ratio of Net Investment Income to Average Net Assets(b) | Portfolio Turnover Rate(c) | |||||||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | $8.19 | $0.02 | (d) | $0.08 | $0.10 | $(0.02 | ) | $— | $— | $(0.02 | ) | $— | $8.27 | $598 | 1.25 | % | 0.95 | % | 1.14 | % | 0.54 | % | 27 | % | ||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 8.43 | 0.02 | (d) | (0.22 | ) | (0.20 | ) | (0.02 | ) | — | (0.03 | ) | (0.05 | ) | 0.01 | 8.19 | 867 | (2.19 | )(i) | 0.95 | 1.07 | 0.25 | 96 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 8.69 | 0.02 | (d) | 0.15 | 0.17 | (0.02 | ) | — | (0.41 | ) | (0.43 | ) | — | 8.43 | 1,665 | 1.97 | 0.97 | 1.02 | 0.24 | 75 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 8.63 | 0.08 | (d) | 0.61 | 0.69 | (0.08 | ) | — | (0.55 | ) | (0.63 | ) | — | 8.69 | 1,797 | 7.98 | 1.00 | 1.00 | 0.90 | 94 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 8.76 | 0.15 | (d) | 0.22 | 0.37 | (0.15 | ) | — | (0.35 | ) | (0.50 | ) | — | 8.63 | 2,089 | 4.18 | 0.93 | 0.93 | 1.71 | 92 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 11.11 | 0.21 | (0.35 | ) | (0.14 | ) | (0.24 | ) | — | (1.97 | ) | (2.21 | ) | — | 8.76 | 2,314 | (1.38 | ) | 0.89 | 0.89 | 1.98 | 85 | ||||||||||||||||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 8.19 | — | (d) | 0.08 | 0.08 | — | — | — | — | — | 8.27 | 1,448 | 0.98 | 1.49 | 1.84 | — | 27 | |||||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 8.43 | — | (d) | (0.22 | ) | (0.22 | ) | — | — | (0.03 | ) | (0.03 | ) | 0.01 | 8.19 | 1,443 | (2.45 | )(i) | 1.21 | 1.76 | — | (h) | 96 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 8.69 | — | (d) | 0.15 | 0.15 | — | — | (0.41 | ) | (0.41 | ) | — | 8.43 | 1,923 | 1.72 | 1.22 | 1.70 | — | 75 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 8.63 | 0.03 | (d) | 0.61 | 0.64 | (0.03 | ) | — | (0.55 | ) | (0.58 | ) | — | 8.69 | 2,401 | 7.32 | 1.61 | 1.67 | 0.28 | 94 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 8.76 | 0.09 | (d) | 0.22 | 0.31 | (0.09 | ) | — | (0.35 | ) | (0.44 | ) | — | 8.63 | 2,471 | 3.46 | 1.62 | 1.62 | 1.02 | 92 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 11.11 | 0.14 | (0.35 | ) | (0.21 | ) | (0.17 | ) | — | (1.97 | ) | (2.14 | ) | — | 8.76 | 3,038 | (2.05 | ) | 1.58 | 1.58 | 1.28 | 85 | ||||||||||||||||||||||||||||||||||||||||||
U.S. Government Securities Ultra-Short Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 10.12 | 0.02 | (d) | 0.03 | 0.05 | (0.03 | ) | — | — | (0.03 | ) | — | 10.14 | 1,747,721 | 0.54 | 0.39 | 0.39 | 0.48 | 13 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.17 | 0.03 | (d) | (0.02 | ) | 0.01 | (0.06 | ) | — | — | (0.06 | ) | — | 10.12 | 1,993,215 | 0.13 | 0.38 | 0.38 | 0.31 | 36 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.14 | 0.03 | (d) | 0.08 | 0.11 | (0.08 | ) | — | — | (0.08 | ) | — | 10.17 | 2,331,913 | 1.10 | 0.36 | 0.36 | 0.29 | 137 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 10.07 | 0.06 | (d) | 0.12 | 0.18 | (0.11 | ) | — | — | (0.11 | ) | — | 10.14 | 2,033,765 | 1.76 | 0.36 | 0.36 | 0.55 | 70 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 10.07 | 0.07 | (d) | 0.09 | 0.16 | (0.16 | ) | — | — | (0.16 | ) | — | 10.07 | 1,648,792 | 1.61 | 0.33 | 0.33 | 0.73 | 126 | (e) | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 10.03 | 0.30 | 0.06 | 0.36 | (0.32 | ) | — | — | (0.32 | ) | — | 10.07 | 1,340,992 | 3.62 | 0.29 | 0.29 | 2.15 | 119 | ||||||||||||||||||||||||||||||||||||||||||||||
Virginia Intermediate Municipal Bond Fund |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 10.12 | 0.13 | (d) | 0.15 | 0.28 | (0.13 | ) | — | — | (0.13 | ) | — | 10.27 | 117,326 | 2.75 | 0.63 | 0.63 | 2.49 | 19 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.54 | 0.29 | (d) | (0.32 | ) | (0.03 | ) | (0.29 | ) | — | (0.10 | ) | (0.39 | ) | — | 10.12 | 120,600 | (0.20 | ) | 0.58 | 0.58 | 2.83 | 65 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.63 | 0.31 | (d) | 0.08 | 0.39 | (0.31 | ) | — | (0.17 | ) | (0.48 | ) | — | 10.54 | 144,889 | 3.70 | 0.59 | 0.59 | 2.93 | 33 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 10.21 | 0.33 | (d) | 0.53 | 0.86 | (0.33 | ) | — | (0.11 | ) | (0.44 | ) | — | 10.63 | 147,599 | 8.55 | 0.63 | 0.63 | 3.12 | 23 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 10.39 | 0.34 | (d) | (0.11 | ) | 0.23 | (0.34 | ) | — | (0.07 | ) | (0.41 | ) | — | 10.21 | 165,536 | 2.15 | 0.62 | 0.62 | 3.23 | 17 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 10.22 | 0.37 | 0.19 | 0.56 | (0.37 | ) | — | (0.02 | ) | (0.39 | ) | — | 10.39 | 191,537 | 5.58 | 0.61 | 0.61 | 3.56 | 33 | |||||||||||||||||||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Period Ended September 30, 2014^ | 10.11 | 0.12 | (d) | 0.16 | 0.28 | (0.12 | ) | — | — | (0.12 | ) | — | 10.27 | 5,943 | 2.80 | 0.74 | 0.74 | 2.39 | 19 | |||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2014 | 10.53 | 0.27 | (d) | (0.32 | ) | (0.05 | ) | (0.27 | ) | — | (0.10 | ) | (0.37 | ) | — | 10.11 | 7,668 | (0.35 | ) | 0.73 | 0.73 | 2.67 | 65 | |||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2013 | 10.63 | 0.30 | (d) | 0.07 | 0.37 | (0.30 | ) | — | (0.17 | ) | (0.47 | ) | — | 10.53 | 10,996 | 3.45 | 0.74 | 0.74 | 2.78 | 33 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2012 | 10.21 | 0.31 | (d) | 0.53 | 0.84 | (0.31 | ) | — | (0.11 | ) | (0.42 | ) | — | 10.63 | 12,509 | 8.38 | 0.78 | 0.78 | 2.97 | 23 | ||||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2011 | 10.39 | 0.32 | (d) | (0.11 | ) | 0.21 | (0.32 | ) | — | (0.07 | ) | (0.39 | ) | — | 10.21 | 12,471 | 2.00 | 0.77 | 0.77 | 3.09 | 17 | |||||||||||||||||||||||||||||||||||||||||||
Year Ended March 31, 2010 | 10.22 | 0.35 | 0.20 | 0.55 | (0.36 | ) | — | (0.02 | ) | (0.38 | ) | — | 10.39 | 14,236 | 5.44 | 0.75 | 0.75 | 3.35 | 33 |
See Notes to Financial Statements.
129
Table of Contents
FINANCIAL HIGHLIGHTS
^ | Unaudited. |
# | Prior to August 1, 2009, there were no assets in Class A during the current period. Effective at the close of business July 31, 2009, Class A received assets from the conversion from Class C. The net asset value shown for the beginning of the period reflects the initial converted net asset value from Class C and the amounts shown thereafter reflect operations for Class A from August 1, 2009 through March 31, 2010. |
(a) | Total return excludes sales charge. Not annualized for periods less than one year. |
(b) | Annualized for periods less than one year. |
(c) | Not annualized for periods less than one year. |
(d) | Per share data calculated using average shares outstanding method. |
(e) | The amount previously reported has been adjusted to exclude an overstatement of mortgage-backed transactions and/or other corporate actions. |
(f) | Generally accepted accounting principles require adjustments to be made to the net assets of the Fund at period end for financial reporting purposes, and as such, the net asset values for shareholder transactions and the returns based on those net asset values may differ from the net asset values and returns reported in the management’s discussion of Fund performance. |
(g) | IS Shares commenced operations on August 1, 2014. |
(h) | Rounds to less than $0.005 per share or 0.005%. |
(i) | Total return includes payment by Affiliates (see Note 3). Excluding this payment, total return would have been (1.98)% for Class I, (2.31)% for Class A and (2.57)% for Class C. |
See Notes to Financial Statements.
130
Table of Contents
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
1. | Organization |
The RidgeWorth Funds (the “Trust”) is organized as a Massachusetts business trust and is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust is authorized to issue an unlimited number of shares without par value. The financial statements presented herein are those of the Core Bond Fund, Corporate Bond Fund, Georgia Tax-Exempt Bond Fund, High Grade Municipal Bond Fund, High Income Fund, Intermediate Bond Fund, Investment Grade Tax-Exempt Bond Fund, Limited Duration Fund, Limited-Term Federal Mortgage Securities Fund, North Carolina Tax-Exempt Bond Fund, Seix Floating Rate High Income Fund, Seix High Yield Fund, Short-Term Bond Fund, Short-Term Municipal Bond Fund, Total Return Bond Fund, Ultra-Short Bond Fund, U.S. Government Securities Fund, U.S. Government Securities Ultra-Short Bond Fund and Virginia Intermediate Municipal Bond Fund (each, a “Fund” and collectively, the “Funds”), which are each a diversified series of the Trust.
The Limited Duration Fund, Ultra-Short Bond Fund and U.S. Government Securities Ultra-Short Bond Fund offer I Shares only. The Georgia Tax-Exempt Bond Fund, High Grade Municipal Bond Fund, Investment Grade Tax-Exempt Bond Fund, North Carolina Tax-Exempt Bond Fund, Short-Term Municipal Bond Fund and Virginia Intermediate Bond Fund offer I Shares and A Shares. The Core Bond Fund, Intermediate Bond Fund and Seix High Yield Fund offer I Shares, A Shares and R Shares. High Income Fund and Total Return Bond Fund offer I Shares, A Shares, R Shares and IS Shares. The remaining Funds offer I Shares, A Shares and C Shares.
The assets of each Fund are segregated and a shareholder’s interest is limited to the Fund in which shares are held. Each class of shares has identical rights and privileges except with respect to the fees paid under the Distribution and Service Plan, voting rights on matters affecting a single class of shares and sales charges. The A Shares of the Funds (except Limited-Term Federal Mortgage Securities Fund, Seix Floating Rate High Income Fund, Short-Term Bond Fund and Short-Term Municipal Bond Fund) have a maximum sales charge on purchases of 4.75% as a percentage of original purchase price. The A Shares of the Limited-Term Federal Mortgage Securities Fund, Seix Floating Rate High Income Fund, Short-Term Bond Fund and Short-Term Municipal Bond have a maximum sales charge on purchases of 2.50% as a percentage of original purchase price. Certain purchases of A Shares will not be subject to a front-end sales charge but will be subject to a contingent deferred sales charge (“CDSC”) of 0.50%, if redeemed within two years of purchase. The deferred sale charges may be waived from time to time for certain broker-dealers that waive payment of compensation to them. The C Shares have a maximum CDSC of 1.00% as a percentage of either the original purchase price or the next calculated price after the Funds receive a redemption request, whichever is less, if shares are redeemed within one year of purchase. There is no sales charge on purchases of I, R or IS Shares.
The Trust’s officers and trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust. In addition, in the normal course of business, the Trust enters into contracts with its vendors and others that provide for general indemnifications. The Trust’s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Trust. However, based on experience, the Trust expects that risk of loss to be remote.
2. | Significant Accounting Policies |
The following are significant accounting policies consistently followed by the Funds which are in conformity with accounting principles generally accepted in the U.S. (“GAAP”). Estimates and assumptions are required to be made regarding assets, liabilities and changes in net assets resulting from operations when financial statements are prepared. Changes in the economic environment, financial markets and any other parameters used in determining these estimates could cause actual results to differ.
(a) Investment Valuation — Debt securities are valued at the last quoted bid price provided by independent pricing vendors approved by the Board of Trustees of the Trust (the “Board”) that are based on transactions in debt obligations, quotations from bond dealers, market transactions in comparable securities and various other relationships between securities.
The Funds, in accordance with GAAP, have adopted Financial Accounting Standards Board Codification Topic 820 (“ASC Topic 820”). ASC Topic 820 establishes a single definition of fair value, creates a three-tier hierarchy as a
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framework for measuring fair value based on inputs used to value the Funds’ investments, and requires additional disclosure about fair value. The hierarchy of inputs is summarized below:
Ÿ | Level 1 — Investments whose values are based on quoted market prices in active markets, and whose values are therefore classified as Level 1 prices, include active listed equities. Investments in underlying funds and money market funds are valued at their net asset value (“NAV”) daily and are classified as Level 1 prices. |
Ÿ | Level 2 — Investments that trade in markets that are not considered to be active, but whose values are based on quoted market prices, dealer quotations or valuations provided by alternative pricing sources supported by observable inputs are classified as Level 2 prices. These generally include U.S. government and sovereign obligations, most government agency securities, investment-grade corporate bonds, certain asset and mortgage backed products, less liquid listed equities, and state, municipal and provincial obligations. |
Ÿ | Level 3 — Investments whose values are classified as Level 3 prices have significant unobservable inputs, as they may trade infrequently or not at all. When observable prices are not available for these securities, the funds use one or more valuation techniques for which sufficient and reliable data is available. The inputs used by the funds in estimating the value of Level 3 prices may include the original transaction price, quoted prices for similar securities or assets in active markets, completed or pending third-party transactions in the underlying investment or comparable issuers, and changes in financial ratios or cash flows. Level 3 prices may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the funds in the absence of market information. Assumptions used by the funds due to the lack of observable inputs may significantly impact the resulting fair value and therefore the funds’ results of operations. |
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The Funds use valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.
The independent pricing vendor may value bank loans and debt securities at an evaluated bid price by employing methodologies that utilize actual market transactions, broker-supplied valuations, and/or other methodologies designed to identify the market value for such securities and such securities are considered Level 2 in the fair value hierarchy. Publicly-traded foreign government debt securities are typically traded internationally in the over-the-counter market and are valued at the bid prices as of the close of business of that market and such securities are considered Level 2 in the fair value hierarchy. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded and such securities may be considered Level 1 in the fair value hierarchy. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade and such securities may be considered Level 1 in the fair value hierarchy. Centrally cleared credit default and interest rate swaps are valued at the price determined by the relevant exchange and such securities may be considered Level 2 in the fair value hierarchy. Forward foreign exchange contracts are valued using daily forward exchange rates and such securities may be considered Level 2 in the fair value hierarchy.
When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before each Fund calculates its NAV, each of the Funds will value the security as determined in accordance with the Pricing and Valuation Procedures approved by the Board. The Pricing and Valuation Procedures are performed and monitored by a Valuation Committee (the “Committee”) designated by the Board. Some of the more common reasons which may necessitate that a security be fair valued in accordance with the Pricing and Valuation Procedures include, but are not limited to: the security’s trading has been halted or suspended; the security has been de-listed from a national exchange; the security’s primary trading market is temporarily closed at a time when, under normal
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conditions, it would be open; or the security’s primary pricing source is not able or willing to provide a price. When a security is fair valued in accordance with the Pricing and Valuation Procedures, the Committee determines the value after taking into consideration relevant information reasonably available to the Committee. Short-term obligations with maturities of 60 days or less are valued at amortized cost, which approximates fair value and such securities are considered Level 2 in the fair value hierarchy. Under the Pricing and Valuation Procedures, such securities may be considered Level 2 or Level 3 in the fair value hierarchy.
The following is a summary of the inputs used in valuing the Funds’ assets and liabilities carried at fair value as of September 30, 2014:
Level 1 - Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | |||||||||||||
Core Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Asset-Backed Securities1 | $— | $8,250,101 | $— | $8,250,101 | ||||||||||||
Collateralized Mortgage Obligations1 | — | 14,563,918 | — | 14,563,918 | ||||||||||||
Corporate Bonds1 | — | 46,400,119 | — | 46,400,119 | ||||||||||||
Municipal Bond2 | — | 967,698 | — | 967,698 | ||||||||||||
U.S. Government Agency Mortgages1 | — | 51,579,987 | — | 51,579,987 | ||||||||||||
U.S. Treasury Obligations1 | — | 76,866,212 | — | 76,866,212 | ||||||||||||
Foreign Government Bonds1 | — | 2,134,924 | — | 2,134,924 | ||||||||||||
Short-Term Investment | — | 953,160 | — | 953,160 | ||||||||||||
Money Market Fund | 3,568,037 | — | — | 3,568,037 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 3,568,037 | 201,716,119 | — | 205,284,156 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Corporate Bond Fund |
| |||||||||||||||
Assets | ||||||||||||||||
Corporate Bonds1 | — | 32,223,325 | — | 32,223,325 | ||||||||||||
Short-Term Investment | — | 1,164,430 | — | 1,164,430 | ||||||||||||
Money Market Fund | 491,273 | — | — | 491,273 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 491,273 | 33,387,755 | — | 33,879,028 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Other Financial Instruments3 | ||||||||||||||||
Liabilities | ||||||||||||||||
Credit Default Swap Contracts Credit Risk | — | (2,024 | ) | — | (2,024 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Liabilities | — | (2,024 | ) | — | (2,024 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Georgia Tax-Exempt Bond Fund |
| |||||||||||||||
Assets | ||||||||||||||||
Municipal Bonds2 | — | 123,362,302 | — | 123,362,302 | ||||||||||||
Money Market Fund | 5,594,509 | — | — | 5,594,509 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 5,594,509 | 123,362,302 | — | 128,956,811 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
High Grade Municipal Bond Fund |
| |||||||||||||||
Assets | ||||||||||||||||
Municipal Bonds2 | — | 83,756,765 | — | 83,756,765 | ||||||||||||
Money Market Fund | 8,383,195 | — | — | 8,383,195 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 8,383,195 | 83,756,765 | — | 92,139,960 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
High Income Fund |
| |||||||||||||||
Assets | ||||||||||||||||
Bank Loans1 | — | 46,048,809 | — | 46,048,809 | ||||||||||||
Corporate Bonds1 | — | 725,113,395 | 0 | 4 | 725,113,395 | |||||||||||
Convertible Corporate Bond1 | — | 2,226,778 | — | 2,226,778 | ||||||||||||
Municipal Bonds2 | — | 8,683,211 | — | 8,683,211 | ||||||||||||
Preferred Stock1 | 3,222,737 | — | — | 3,222,737 | ||||||||||||
Common Stocks1 | 7,309,852 | 476,766 | — | 7,786,618 | ||||||||||||
Short-Term Investment | — | 104,241,220 | — | 104,241,220 | ||||||||||||
Money Market Fund | 5,950,030 | — | — | 5,950,030 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 16,482,619 | 886,790,179 | 0 | 4 | 903,272,798 | |||||||||||
|
|
|
|
|
|
|
|
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(Unaudited)
Level 1 - Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | |||||||||||||
Other Financial Instruments3 | ||||||||||||||||
Credit Default Swap Contracts Credit Risk | $— | $1,317,868 | $— | $1,317,868 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Assets | 16,482,619 | 888,108,047 | — | 904,590,666 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Intermediate Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Asset-Backed Security1 | — | 2,920,701 | — | 2,920,701 | ||||||||||||
Collateralized Mortgage Obligations1 | — | 4,827,973 | — | 4,827,973 | ||||||||||||
Corporate Bonds1 | — | 84,318,017 | — | 84,318,017 | ||||||||||||
Municipal Bond2 | — | 2,616,462 | — | 2,616,462 | ||||||||||||
U.S. Treasury Obligations1 | — | 198,471,746 | — | 198,471,746 | ||||||||||||
Foreign Government Bonds1 | — | 2,964,353 | — | 2,964,353 | ||||||||||||
Short-Term Investment | — | 2,361,110 | — | 2,361,110 | ||||||||||||
Money Market Fund | 7,492,444 | — | — | 7,492,444 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 7,492,444 | 298,480,362 | — | 305,972,806 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Investment Grade Tax-Exempt Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Municipal Bonds2 | — | 644,136,439 | — | 644,136,439 | ||||||||||||
Money Market Fund | 27,255,565 | — | — | 27,255,565 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 27,255,565 | 644,136,439 | — | 671,392,004 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Limited Duration Fund | ||||||||||||||||
Assets | ||||||||||||||||
Asset-Backed Securities1 | — | 2,748,378 | — | 2,748,378 | ||||||||||||
Collateralized Mortgage Obligations1 | — | 3,491,745 | — | 3,491,745 | ||||||||||||
Money Market Fund | 408,334 | — | — | 408,334 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 408,334 | 6,240,123 | — | 6,648,457 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Limited-Term Federal Mortgage Securities Fund | ||||||||||||||||
Assets | ||||||||||||||||
Collateralized Mortgage Obligations1 | — | 1,321,182 | — | 1,321,182 | ||||||||||||
U.S. Government Agency Mortgages1 | — | 7,668,755 | — | 7,668,755 | ||||||||||||
U.S. Treasury Obligation1 | — | 250,425 | — | 250,425 | ||||||||||||
Money Market Fund | 260,557 | — | — | 260,557 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 260,557 | 9,240,362 | — | 9,500,919 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
North Carolina Tax-Exempt Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Municipal Bonds2 | — | 33,814,870 | — | 33,814,870 | ||||||||||||
Money Market Fund | 2,062,425 | — | — | 2,062,425 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 2,062,425 | 33,814,870 | — | 35,877,295 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix Floating Rate High Income Fund | ||||||||||||||||
Assets | ||||||||||||||||
Bank Loans1 | — | 6,611,991,788 | — | 6,611,991,788 | ||||||||||||
Corporate Bonds1 | — | 326,124,132 | 0 | 4 | 326,124,132 | |||||||||||
Municipal Bond2 | — | 31,649,346 | — | 31,649,346 | ||||||||||||
Preferred Stock1 | 2,502,005 | — | — | 2,502,005 | ||||||||||||
Common Stock1 | — | 621,333 | — | 621,333 | ||||||||||||
Money Market Fund | 232,753,376 | — | — | 232,753,376 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 235,255,381 | 6,970,386,599 | 0 | 4 | 7,205,641,980 | |||||||||||
|
|
|
|
|
|
|
|
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Level 1 - Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | |||||||||||||
Seix High Yield Fund | ||||||||||||||||
Assets | ||||||||||||||||
Bank Loans1 | $— | $50,091,675 | $— | $50,091,675 | ||||||||||||
Corporate Bonds1 | — | 695,142,318 | — | 695,142,318 | ||||||||||||
Short-Term Investment | — | 78,051,930 | — | 78,051,930 | ||||||||||||
Money Market Fund | 9,983,130 | — | — | 9,983,130 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 9,983,130 | 823,285,923 | — | 833,269,053 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Other Financial Instruments3 | ||||||||||||||||
Credit Default Swap Contracts Credit Risk | — | 1,317,868 | — | 1,317,868 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Assets | 9,983,130 | 824,603,791 | — | 834,586,921 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Short-Term Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Asset-Backed Securities1 | — | 5,187,905 | — | 5,187,905 | ||||||||||||
Collateralized Mortgage Obligations1 | — | 4,263,130 | — | 4,263,130 | ||||||||||||
Corporate Bonds1 | — | 9,274,823 | — | 9,274,823 | ||||||||||||
Municipal Bonds2 | — | 1,258,788 | — | 1,258,788 | ||||||||||||
U.S. Government Agency Mortgages1 | — | 879,202 | — | 879,202 | ||||||||||||
U.S. Treasury Obligations1 | — | 10,495,089 | — | 10,495,089 | ||||||||||||
Money Market Fund | 2,320,050 | — | — | 2,320,050 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 2,320,050 | 31,358,937 | — | 33,678,987 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Short-Term Municipal Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Municipal Bonds2 | — | 37,979,314 | — | 37,979,314 | ||||||||||||
Money Market Fund | 5,297,862 | — | — | 5,297,862 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 5,297,862 | 37,979,314 | — | 43,277,176 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Return Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Asset-Backed Securities1 | — | 37,038,166 | — | 37,038,166 | ||||||||||||
Collateralized Mortgage Obligations1 | — | 75,738,060 | — | 75,738,060 | ||||||||||||
Bank Loans1 | — | 48,077,241 | — | 48,077,241 | ||||||||||||
Corporate Bonds1 | — | 221,478,970 | — | 221,478,970 | ||||||||||||
Municipal Bond2 | — | 4,482,023 | — | 4,482,023 | ||||||||||||
U.S. Government Agency Mortgages1 | — | 255,870,441 | — | 255,870,441 | ||||||||||||
U.S. Treasury Obligations1 | — | 353,184,211 | — | 353,184,211 | ||||||||||||
Foreign Government Bonds | — | 10,431,708 | — | 10,431,708 | ||||||||||||
Short-Term Investment | — | 4,742,930 | — | 4,742,930 | ||||||||||||
Money Market Fund | 41,000,477 | — | — | 41,000,477 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 41,000,477 | 1,011,043,750 | — | 1,052,044,227 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Other Financial Instruments | ||||||||||||||||
Forward Foreign Currency Contracts Foreign Currency Risk | — | 1,777,884 | — | 1,777,884 | ||||||||||||
Interest Rate Swap Contracts Interest Rate Risk | — | 20,914 | — | 20,914 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Assets | 41,000,477 | 1,012,842,548 | — | 1,053,843,025 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Liabilities | ||||||||||||||||
Credit Default Swap Contracts Credit Risk | — | (53,965 | ) | — | (53,965 | ) | ||||||||||
Forward Foreign Currency Contracts Foreign Currency Risk | — | (3,165,884 | ) | — | (3,165,884 | ) | ||||||||||
Interest Rate Swap Contracts Interest Rate Risk | — | (314,615 | ) | — | (314,615 | ) | ||||||||||
Unfunded Loan Commitments | — | (22,116 | ) | — | (22,116 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Liabilities | — | (3,556,580 | ) | — | (3,556,580 | ) | ||||||||||
|
|
|
|
|
|
|
|
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Level 1 - Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 - Significant Unobservable Inputs | Total | |||||||||||||
Ultra-Short Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Asset-Backed Securities1 | $— | $18,465,712 | $— | $18,465,712 | ||||||||||||
Collateralized Mortgage Obligations1 | — | 32,716,425 | — | 32,716,425 | ||||||||||||
Corporate Bonds1 | — | 75,401,375 | — | 75,401,375 | ||||||||||||
Municipal Bonds2 | — | 3,452,816 | — | 3,452,816 | ||||||||||||
U.S. Government Agency Mortgages1 | — | 11,735,204 | — | 11,735,204 | ||||||||||||
Money Market Fund | 3,528,400 | — | — | 3,528,400 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 3,528,400 | 141,771,532 | — | 145,299,932 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Other Financial Instruments3 | ||||||||||||||||
Futures Contracts Interest Rate Risk | 17,263 | — | — | 17,263 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Assets | 3,545,663 | 141,771,532 | — | 145,317,195 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
U.S. Government Securities Fund | ||||||||||||||||
Assets | ||||||||||||||||
U.S. Treasury Obligations1 | — | 19,034,897 | — | 19,034,897 | ||||||||||||
Money Market Fund | 166,020 | — | — | 166,020 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 166,020 | 19,034,897 | — | 19,200,917 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
U.S. Government Securities Ultra-Short Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Collateralized Mortgage Obligations1 | — | 620,152,861 | — | 620,152,861 | ||||||||||||
U.S. Government Agency Mortgages1 | — | 1,092,139,633 | — | 1,092,139,633 | ||||||||||||
U.S. Treasury Obligations1 | — | 7,931,192 | — | 7,931,192 | ||||||||||||
Money Market Fund | 14,478,830 | — | — | 14,478,830 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 14,478,830 | 1,720,223,686 | — | 1,734,702,516 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Other Financial Instruments3 | ||||||||||||||||
Futures Contracts Interest Rate Risk | 149,336 | — | — | 149,336 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Assets | 14,628,166 | 1,720,223,686 | — | 1,734,851,852 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Liabilities | ||||||||||||||||
Futures Contracts Interest Rate Risk | (6,602 | ) | — | — | (6,602 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Liabilities | (6,602 | ) | — | — | (6,602 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Virginia Intermediate Municipal Bond Fund | ||||||||||||||||
Assets | ||||||||||||||||
Municipal Bonds2 | — | 119,010,489 | — | 119,010,489 | ||||||||||||
Money Market Fund | 3,193,841 | — | — | 3,193,841 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments | 3,193,841 | 119,010,489 | — | 122,204,330 | ||||||||||||
|
|
|
|
|
|
|
|
1 | Please see the Schedules of Portfolio Investments for Sector Classifications. |
2 | Please see the Schedules of Portfolio Investments for State Classifications. |
3 | Other Financial Instruments are derivative instruments not reflected in the value of Total Investments in the Schedules of Portfolio Investments, such as credit default swaps, forward foreign currency contracts, futures and interest rate swaps, which are valued at the unrealized appreciation (depreciation) on the instrument. |
4 | As of September 30, 2014, the securities designated as Level 3 were fair valued using significant unobservable inputs under procedures adopted by the Board. Such valuations were based on a review of inputs such as, but not limited to, similar securities, company specific financial information, and company specific news. Each of these securities are Board fair valued securities for the fiscal year ended September 30, 2014. The Level 3 securities comprised 0.0% of net assets of each Fund. As such, the Level 3 roll forward and change in unrealized appreciation/depreciation of Level 3 securities held at year end have not been presented. |
The Funds’ policy is to disclose transfers between levels based on valuations at the end of the reporting period. Each portfolio may hold securities which are periodically fair valued in accordance with the Pricing and Valuation Procedures. This may result in movements between Level 1 and Level 2 throughout the period. As of September 30, 2014, there were no transfers from Level 1 to Level 2 pursuant to the Pricing and Valuation Procedures.
136
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
(b) Security Transactions and Investment Income — Security transactions are accounted for on a trade date basis. Interest income, adjusted for amortization of premium and accretion of discount over the life of the securities, is recorded on the accrual basis. Domestic and foreign dividend income is recorded on the ex-dividend date or as soon as practicable after the Funds determine the existence of a dividend declaration after exercising reasonable due diligence. The cost of investments sold is determined by use of the specific identification method. To the extent any issuer defaults or a credit event occurs that impacts the issuer, the Funds may halt any additional interest income accruals and consider the Funds’ ability to realize interest accrued up to the date of default or credit event.
(c) Distributions to Shareholders — Distributions from net investment income of each of the Funds are declared each business day to shareholders of record and are paid monthly. Distributions of net realized capital gains, if any, are declared at least annually. Distributions to shareholders from each of the Funds are recorded on the ex-dividend date and are determined in accordance with income tax regulations, which may differ from GAAP.
(d) Expenses and Share Class Accounting — Expenses that are directly related to a specific Fund are charged to that Fund. Other operating expenses of the Trust are allocated pro-rata to the Funds on the basis of relative net assets or another appropriate basis. Investment income, common expenses, and realized/unrealized capital gains (losses) on investments are allocated to the various share classes of the Funds on the basis of relative daily net assets of each share class. Fees relating to a specific share class are charged directly to the share class.
(e) Securities Traded on a To-Be-Announced Basis — Certain Funds may trade securities on a to-be-announced (“TBA”) basis. In a TBA transaction, a Fund commits to purchasing or selling securities which have not yet been issued by the issuer and for which specific information, such as the face amount, maturity date and underlying pool of investments in U.S. government agency mortgage pass-through securities, is not announced. Securities purchased on a TBA basis are not settled until they are delivered to the Fund. Beginning on the date a Fund enters into a TBA transaction, cash, U.S. government securities or other liquid high-grade debt obligations are segregated in an amount equal in value to the purchase price of the TBA security. These securities are subject to market fluctuations and their current value is determined in the same manner as for other securities.
(f) Derivative Instruments — Certain Funds may enter into derivative contracts for purposes of pursuing their investment objectives, to use as a substitute for a purchase or sale of a position in the underlying assets and/or as part of a strategy designed to reduce exposure to other risks. Open derivative positions as of September 30, 2014 are included on each Fund’s Schedule of Portfolio Investments.
(g) Forward Foreign Currency Contracts — Certain Funds may enter into forward foreign currency contracts to hedge against foreign currency exchange rate risk on non-U.S. dollar denominated securities or to facilitate settlement of a foreign currency denominated portfolio transaction. A forward foreign currency contract is an agreement between two parties to buy and sell a currency at a set price with delivery and settlement at a future date. The contract is marked-to-market daily and the change in value is recorded by the Fund as an unrealized gain or loss. When a forward foreign currency contract is closed, through either delivery or offset by entering into another forward foreign currency contract, the Fund recognizes a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value of the contract at the time it is closed.
Forward foreign currency contracts involve elements of market risk in excess of the amounts reflected on the Statements of Assets and Liabilities. The Funds bear the risk of an unfavorable change in the foreign exchange rate underlying the forward foreign currency contract. Risks may also arise upon entering into these contracts from the potential inability of the counterparties to meet the terms of their contracts.
(h) Futures Contracts — Certain Funds may enter into futures contracts to gain exposure to, or hedge against, changes in interest rates or gain exposure to, or hedge against, changes in certain asset classes. A futures contract represents a commitment for the future purchase or sale of an asset at a specified price on a specified date.
Upon entering into a futures contract, the Fund is required to deposit cash or cash equivalents with a broker in an amount equal to a certain percentage of the contract amount. This is known as the “initial margin” and subsequent payments (“variation margin”) are made or received by the Fund each day, depending on the daily fluctuation in the value of the contract. For certain futures, including foreign denominated futures, variation margin is not settled daily, but is recorded as a net variation margin payable or receivable. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. The daily changes in contract value are recorded as unrealized gains or losses in the Statements of Operations and the Fund recognizes a realized gain or loss when the contract is closed.
137
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Futures contracts involve, to varying degrees, risk of loss in excess of the amounts reflected in the Statements of Assets and Liabilities. In addition, there is the risk that the Funds may not be able to enter into a closing transaction because of an illiquid secondary market.
(i) Foreign Currency Translation — Investment securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts based upon prevailing exchange rates, as of the close of regular trading on the New York Stock Exchange (usually 4:00 p.m. Eastern Time), on the date of valuation. Purchases and sales of investment securities and income and expense items denominated in foreign currencies are translated into U.S. dollar amounts based upon prevailing exchange rates on the respective dates of such transactions.
The Funds do not isolate that portion of the results of operations resulting from fluctuations in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized and unrealized gain or loss on investments and foreign currencies.
Net realized foreign exchange gains or losses arise from sales of foreign currencies, including gains and losses on forward foreign currency contracts, currency gains or losses realized between the trade and settlement dates on securities transactions, and the difference between the amounts of dividends, interest and foreign withholding taxes recorded and the amount actually received.
(j) Swap Contracts — Certain Funds may invest in swap contracts for the purpose of managing exposure to interest rate, credit or market risk, or for other purposes. The use of swap contracts involves risks that are different from those associated with ordinary portfolio transactions. Swap contracts may be privately negotiated in the over-the-counter market (“OTC swaps”) or may be executed in a multilateral or other trade facility platform, such as a registered commodities exchange (“centrally cleared swaps”).
OTC swap contracts are marked-to-market daily using an independent pricing vendor and changes in value are recorded as unrealized appreciation or depreciation in the Statements of Assets and Liabilities. Daily changes in valuation of centrally cleared swaps, if any, are recorded as a receivable or payable, as applicable, for variation margin on centrally cleared swaps on the Fund’s Statement of Assets and Liabilities. Gains or losses are realized upon termination of the swap contract. Collateral, in the form of restricted cash or securities, may be required to be held in segregated accounts with the Funds’ custodian in compliance with the terms of the swap contracts. Securities posted as collateral for swap contracts are identified in the Schedules of Portfolio Investments and restricted cash, if any, is identified on the Statements of Assets and Liabilities. Risks may exceed amounts recorded in the Statements of Assets and Liabilities. These risks include changes in the returns of the underlying instruments, failure of the counterparties to perform under the contracts’ terms, and the possible lack of liquidity with respect to the swap contracts. Payments received or made at the beginning of the measurement period are reflected as a premium or deposit, respectively, on the Statements of Assets and Liabilities. These upfront payments are amortized over the life of the swap and are recognized as realized gain or loss in the Statements of Operations. Net periodic payments received or paid by the Fund are recognized as a realized gain or loss in the Statements of Operations.
Credit Default Swaps
Certain Funds enter into credit default swap (“CDS”) contracts for investment purposes, to manage its credit risk or to add leverage. CDS contracts involve one party making a stream of payments to another party in exchange for the right to receive a specified return in the event of a default by a third party, typically corporate or sovereign issuers, on a specified obligation, or in the event of a write-down, principal shortfall, interest shortfall or default of all or part of the referenced entities comprising a credit index. The Funds may use a CDS contact to provide protection against defaults of the issuers (i.e., to reduce risk where the Funds have exposure to an issuer) or to take an active long or short position with respect to the likelihood of a particular issuer’s default.
As a seller of protection, a Fund generally receives an upfront payment or a stream of payments throughout the term of the swap contracts provided that there is no credit event. These amounts of potential payments will be partially offset by any recovery of values from the respective referenced obligations. As a seller of protection, a Fund effectively adds leverage to its portfolio because, in addition to its total net assets, a Fund is subject to investment exposure on the notional amount of the swap contract. As a buyer of protection, a Fund generally receives an amount up to the notional value of the swap contract if a defined credit event occurs.
The Funds’ maximum risk of loss from counterparty risk, as the protection buyer, is the fair value of the swap contract (this risk is mitigated by the posting of collateral by the counterparty to the Fund to cover the Funds’
138
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
exposure to the counterparty). As the protection seller, the Funds’ maximum risk is the notional amount of the contract. CDS contracts are considered to have credit risk-related contingent features since they require payment by the protection seller to the protection buyer upon the occurrence of a defined credit event.
Implied spreads are the theoretical prices a lender receives for credit default protection. When spreads rise, market perceived credit risk rises and when spreads fall, market perceived credit risk falls. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to enter into the contract. Wider credit spreads and decreasing market values, when compared to the notional amount of the swap, represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the contract. Credit spreads utilized in determining the period end market value of CDS contracts on corporate or sovereign issues are disclosed in the Schedules of Portfolio Investments and serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for credit derivatives. The quoted market prices and resulting values, particularly in relation to the notional amount of the contract as well as the annual payment rate, serve as an indication of the current status of the payment/performance risk for CDS contracts on asset-backed securities and credit indices.
Entering into a CDS contract involves, to varying degrees, elements of credit, market and documentation risk. Such risks involve the possibility that there will be no liquid market for these contracts, that the counterparty to the contract may default on its obligation to perform or disagree as to the meaning of the contractual terms in the contract, and that there are unfavorable changes in net interest rates.
Interest Rate Swaps
Certain Funds may enter into interest rate swap (“IRS”) contracts to manage exposure to interest rate risk. IRS contracts are agreements between two parties to exchange cash flows based on a notional principal amount. The Fund may elect to pay a fixed rate and receive a floating rate, or, receive a fixed rate and pay a floating rate on a notional principal amount. IRS contracts are marked-to-market daily based upon quotations from market makers. When a swap contract is terminated early, the Fund records a realized gain or loss equal to the difference between the original cost and the settlement amount of the closing transaction.
The risks of IRS contracts include changes in market conditions that will affect the value of the contract or changes in the present value of the future cash flow streams and the possible inability of the counterparty to fulfill its obligations under the contract. The Fund’s maximum risk of loss from counterparty credit risk is the discounted net value of the cash flows to be received from the counterparty over the contract’s remaining life, to the extent that amount is positive. This risk is mitigated by the posting of collateral by the counterparty to the Fund to cover the Fund’s exposure to the counterparty.
The fair value of derivative instruments not accounted for as hedging instruments on the Statements of Assets and Liabilities and the effect of derivative instruments not accounted for as hedging instruments, on the Statements of Operations as of September 30, 2014, are presented in the table below:
Credit Risk | Foreign Exchange Risk | Interest Rate Risk | Total | |||||||||||||
Corporate Bond Fund | ||||||||||||||||
Liability Derivatives | ||||||||||||||||
Swap Contracts^ | $ | (2,024 | ) | $ | — | $ | — | $ | (2,024 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Realized Gain (Loss)# | ||||||||||||||||
Swap Contracts | $ | (140 | ) | $ | — | $ | — | $ | (140 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Total Realized Gain (Loss) | $ | (140 | ) | $ | — | $ | — | $ | (140 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Change in Appreciation (Depreciation)## | ||||||||||||||||
Swap Contracts | $ | 746 | $ | — | $ | — | $ | 746 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Change in Appreciation (Depreciation) | $ | 746 | $ | — | $ | — | $ | 746 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Number of Contracts, Notional Amounts or Shares† | ||||||||||||||||
Swap Contracts | 150,000 | — | — | 150,000 | ||||||||||||
|
|
|
|
|
|
|
|
139
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Credit Risk | Foreign Exchange Risk | Interest Rate Risk | Total | |||||||||||||
High Income Fund | ||||||||||||||||
Liability Derivatives | ||||||||||||||||
Swap Contracts^ | $ | (87,270 | ) | $ | — | $ | — | $ | (87,270 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Total Value | $ | (87,270 | ) | $ | — | $ | — | $ | (87,270 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Realized Gain (Loss)# | ||||||||||||||||
Swap Contracts | $ | 123,734 | $ | — | $ | — | $ | 123,734 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Realized Gain (Loss) | $ | 123,734 | $ | — | $ | — | $ | 123,734 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Change in Appreciation (Depreciation)## | ||||||||||||||||
Swap Contracts | $ | (87,270 | ) | $ | — | $ | — | $ | (87,270 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Total Change in Appreciation (Depreciation) | $ | (87,270 | ) | $ | — | $ | — | $ | (87,270 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Number of Contracts, Notional Amounts or Shares† | ||||||||||||||||
Swap Contracts | 21,780,000 | — | — | 21,780,000 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Seix High Yield Fund | ||||||||||||||||
Liability Derivatives | ||||||||||||||||
Swap Contracts^ | $ | (87,270 | ) | $ | — | $ | — | $ | (87,270 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Total Value | $ | (87,270 | ) | $ | — | $ | — | $ | (87,270 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Realized Gain (Loss)# | ||||||||||||||||
Swap Contracts | $ | 121,742 | $ | — | $ | — | $ | 121,742 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Realized Gain (Loss) | $ | 121,742 | $ | — | $ | — | $ | 121,742 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Change in Appreciation (Depreciation)## | ||||||||||||||||
Swap Contracts | $ | (87,270 | ) | $ | — | $ | — | $ | (87,270 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Total Change in Appreciation (Depreciation) | $ | (87,270 | ) | $ | — | $ | — | $ | (87,270 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Number of Contracts, Notional Amounts or Shares† | ||||||||||||||||
Swap Contracts | 21,780,000 | — | — | 21,780,000 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Return Bond Fund | ||||||||||||||||
Asset Derivatives | ||||||||||||||||
Forward Currency Contracts* | $ | — | $ | 1,777,884 | $ | — | $ | 1,777,884 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Swap Contracts* | — | — | 20,914 | 20,914 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Value | $ | — | $ | 1,777,884 | $ | 20,914 | $ | 1,798,798 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Liability Derivatives | ||||||||||||||||
Swap Contracts^ | $ | (53,965 | ) | $ | — | $ | (314,615 | ) | $ | (368,580 | ) | |||||
|
|
|
|
|
|
|
| |||||||||
Forward Currency Contracts^ | — | (3,165,884 | ) | — | (3,165,884 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Value | $ | (53,965 | ) | $ | (3,165,884 | ) | $ | (314,615 | ) | $ | (3,534,464 | ) | ||||
|
|
|
|
|
|
|
| |||||||||
Realized Gain (Loss)# | ||||||||||||||||
Forward Currency Contracts | $ | — | $ | 1,954,009 | $ | — | $ | 1,954,009 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Swap Contracts | 129,852 | — | 51,329 | 181,181 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Realized Gain (Loss) | $ | 129,852 | $ | 1,954,009 | $ | 51,329 | $ | 2,135,190 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Change in Appreciation (Depreciation)## | ||||||||||||||||
Forward Currency Contracts | $ | — | $ | (2,790,577 | ) | $ | — | $ | (2,790,577 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Swap Contracts | 321,205 | — | 11,164 | 332,369 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Change in Appreciation (Depreciation) | $ | 321,205 | $ | (2,790,577 | ) | $ | 11,164 | $ | (2,458,208 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Number of Contracts, Notional Amounts or Shares† | ||||||||||||||||
Forward Currency Contracts | — | 125,791,942 | — | 125,791,942 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
Swap Contracts | 6,166,667 | — | 64,406,862 | 70,573,528 | ||||||||||||
|
|
|
|
|
|
|
|
140
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Credit Risk | Foreign Exchange Risk | Interest Rate Risk | Total | |||||||||||||
Ultra-Short Bond Fund | ||||||||||||||||
Asset Derivatives | ||||||||||||||||
Futures Contracts* | $ | — | $ | — | $ | 17,263 | $ | 17,263 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Value | $ | — | $ | — | $ | 17,263 | $ | 17,263 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Realized Gain (Loss)# | ||||||||||||||||
Futures Contracts | $ | — | $ | — | $ | (39,895 | ) | $ | (39,895 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Total Realized Gain (Loss) | $ | — | $ | — | $ | (39,895 | ) | $ | (39,895 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Change in Appreciation (Depreciation)## | ||||||||||||||||
Futures Contracts | $ | — | $ | — | $ | (5,432 | ) | $ | (5,432 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Total Change in Appreciation (Depreciation) | $ | — | $ | — | $ | (5,432 | ) | $ | (5,432 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Number of Contracts, Notional Amounts or Shares† | ||||||||||||||||
Futures Contracts | — | — | (43 | ) | (43 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
U.S. Government Securities Ultra-Short Bond Fund | ||||||||||||||||
Asset Derivatives | ||||||||||||||||
Futures Contracts* | $ | — | $ | — | $ | 149,336 | $ | 149,336 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Total Value | $ | — | $ | — | $ | 149,336 | $ | 149,336 | ||||||||
|
|
|
|
|
|
|
| |||||||||
Liability Derivatives | ||||||||||||||||
Futures Contracts^ | $ | — | $ | — | $ | (6,602 | ) | $ | (6,602 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Total Value | $ | — | $ | — | $ | (6,602 | ) | $ | (6,602 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Realized Gain (Loss)# | ||||||||||||||||
Futures Contracts | $ | — | $ | — | $ | (590,227 | ) | $ | (590,227 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Total Realized Gain (Loss) | $ | — | $ | — | $ | (590,227 | ) | $ | (590,227 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Change in Appreciation (Depreciation)## | ||||||||||||||||
Futures Contracts | $ | — | $ | — | $ | (423,012 | ) | $ | (423,012 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Total Change in Appreciation (Depreciation) | $ | — | $ | — | $ | (423,012 | ) | $ | (423,012 | ) | ||||||
|
|
|
|
|
|
|
| |||||||||
Number of Contracts, Notional Amounts or Shares† | ||||||||||||||||
Futures Short Contracts | — | — | (464 | ) | (464 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Futures Long Contracts | — | — | 93 | 93 | ||||||||||||
|
|
|
|
|
|
|
|
* | Statements of Assets and Liabilities location: Investments, at value, Unrealized Appreciation on: Forward Foreign Currency Contracts, or Futures Contracts, as applicable. |
^ | Statements of Assets and Liabilities location: Unrealized Depreciation on Futures Contracts. |
^^ | Cumulative appreciation (depreciation) on futures contracts is reported in “Futures Contracts”. The outstanding variation margin, if any, is reported within the Statements of Assets and Liabilities. |
# | Statements of Operations location: Amounts are included in net realized gain (loss) on: Investment and Foreign Currency Transactions, Futures Contracts, Swap Contracts, or Forward Foreign Currency Contracts, as applicable. |
## | Statements of Operations location: Amounts are included in net change in unrealized appreciation (depreciation) on: Investment and Foreign Currency Transactions, Futures Contracts, Swap Contracts, or Forward Foreign Currency Contracts, as applicable. |
† | Amount(s) disclosed represent the average number of contracts for futures contracts, notional amounts for forward currency contracts and swap contracts, which are indicative of volume of this derivative type, for the months that the Fund held such derivatives during the period ended September 30, 2014. |
141
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
The following table summarizes any OTC derivatives at September 30, 2014 that are subject to an enforceable master netting agreement or similar agreement and net of the related collateral received by the Funds.
Gross Amounts of Assets/Liabilities Presented in the Statement of Assets and Liabilities(a) | Financial Instruments and Derivatives Available for Offset | Collateral (Received)/Pledged(b) | Net Amount of Derivative Assets/Liabilities | |||||||||||||
Corporate Bond Fund | ||||||||||||||||
Liabilities Counterparty | ||||||||||||||||
Barclays Bank PLC | $ | 1,936 | $ | — | $ | — | $ | 1,936 | ||||||||
JPMorgan | 88 | 88 | ||||||||||||||
|
|
|
|
|
|
|
| |||||||||
$ | 2,024 | $ | — | $ | — | $ | 2,024 | |||||||||
|
|
|
|
|
|
|
| |||||||||
Total Return Bond Fund | ||||||||||||||||
Assets Counterparty | ||||||||||||||||
JPMorgan | $ | 1,798,798 | $ | — | $ | — | $ | 1,798,798 | ||||||||
|
|
|
|
|
|
|
| |||||||||
$ | 1,798,798 | $ | — | $ | — | $ | 1,798,798 | |||||||||
|
|
|
|
|
|
|
| |||||||||
Liabilities Counterparty | ||||||||||||||||
Barclays Bank PLC | $ | 51,630 | $ | — | $ | — | $ | 51,630 | ||||||||
JPMorgan | 3,482,834 | (1,892,239 | ) | 1,590,595 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
$ | 3,534,464 | $ | — | $ | (1,892,239 | ) | $ | 1,642,225 | ||||||||
|
|
|
|
|
|
|
|
(a) | Absent an event of default or early termination, OTC derivative assets and liabilities are presented gross and not offset in the Statement of Asset and Liabilties. |
(b) | The amount presented here may be less than the total amount of collateral received/pledged, as the net amount of the derivative assets and liabilities for a counterparty cannot be less than $0. |
(k) Securities Lending — Each Fund may lend portfolio securities to brokers, dealers and other financial organizations that meet capital and other credit requirements or other criteria established by the Board. These loans may not exceed either (i) 50% of the sum of the market value of all securities of the Fund and the market value of securities purchased with cash collateral or (ii) 33.33% of the total market value of all securities of the Fund. No Fund will lend portfolio securities to its investment adviser, subadviser, or its affiliates unless it has applied for and received specific authority to do so from the Securities and Exchange Commission. Loans of portfolio securities are required to be fully collateralized by cash, letters of credit or U.S. government securities. The initial value of the collateral must be at least 102% of the market value of the securities loaned, if the securities loaned are U.S. securities (105% for non-U.S. securities); and maintained in an amount equal to at least 100% (103% for non-U.S. securities) thereafter. However, due to market fluctuations during the day, the value of securities loaned on a particular day may exceed the value of collateral. On each business day, the amount of collateral is adjusted based on the prior day’s market fluctuations and the current day’s lending activity. Income from lending activity is determined by the amount of interest earned on collateral, less any amounts payable to the borrowers of the securities and the lending agent. Lending securities involves certain risks; including the risk that a Fund may be delayed or prevented from recovering the collateral if the borrower fails to return the securities. A fee will be obtained from the borrower if letters of credit or U.S. government securities are used as collateral.
In accordance with the exemptive order obtained from the SEC, the Funds pool their money in a joint trading account, as described below. The cash collateral received is aggregated in a joint account by the Funds, providing RidgeWorth Investments a pool of cash to invest in short-term investments that have a remaining maturity of 397 days or less. The Funds are joint participants with other affiliated Funds of the Trust that are not presented in this report. As of September 30, 2014, the cash collateral received by the Funds was pooled and invested in the following securities. Each of the Funds participating in securities lending as of September 30, 2014 owned a pro-rata portion of the assets and liabilities listed below:
Shares | Value | |||||||
JPMorgan U.S. Government Money Market Fund, Capital Shares, 0.01% | 30,695,145 | $30,695,145 | ||||||
State Street Institutional U.S. Government Money Market Fund, Institutional Class, 0.00% | 279,514,682 | 279,514,682 | ||||||
|
| |||||||
Total Investments (Cost $310,209,827) | 310,209,827 | |||||||
Amount due to Lending Agent | (21,305 | ) | ||||||
|
| |||||||
Net Investment Value | $310,188,522 | |||||||
|
|
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
The following Funds paid securities lending fees to the lending agent during the period ended September 30, 2014, which have been netted against Income from Securities Lending on the Statements of Operations. These fees are presented below:
Fund | Fee | |||
Core Bond Fund | $2,970 | |||
Corporate Bond Fund | 126 | |||
High Income Fund | 49,899 | |||
Intermediate Bond Fund | 3,602 | |||
Seix High Yield Fund | 35,583 | |||
Total Return Bond Fund | 13,505 |
(l) When-Issued Securities and Forward Commitments — Delivery and payment for securities that have been purchased by a Fund on a forward commitment or when-issued basis can take place up to a month or more after the transaction date at a fixed price. During this period, such securities are subject to market fluctuations. The purchase of securities on a when-issued or forward commitment basis may increase the volatility of a Fund’s NAV if the Fund makes such investments while remaining substantially fully invested. A Fund records when-issued securities on trade date and will segregate or earmark liquid assets in an amount at least equal in value to its commitments to purchase when-issued and forward commitment securities or engage in other appropriate measures to “cover” its obligation. When-issued securities and the segregated liquid assets associated with such investments are presented within the Funds’ Schedules of Portfolio Investments.
(m) Bank Loans — Certain Funds may invest in first and second lien senior floating-rate loans (“bank loans”). These loans are made by banks and other large financial institutions to various companies and are senior in the borrowing companies’ capital structure. Coupon rates are floating, not fixed, and are tied to a benchmark lending rate. A Fund records an investment when the borrower withdraws money and records the interest as earned. Some types of senior loans in which these Funds may invest require that an open loan for a specific amount be continually offered to a borrower. These types of senior loans, commonly referred to as revolvers, contractually obligate the lender (and therefore those with an interest in the loan) to fund the loan at the borrower’s discretion. A Fund will maintain, on a daily basis, high quality, liquid assets in an amount at least equal in value to its contractual obligation to fulfill the revolving senior loan. Therefore, a Fund must have funds sufficient to cover its contractual obligation. A Fund will maintain, on a daily basis, high quality, liquid assets in an amount at least equal in value to its contractual obligation to fulfill the revolving senior loan. In addition, bank loans generally are subject to extended settlement periods, which may impair the Fund’s ability to sell or realize the full value of its loans in the event of a need to liquidate such loans. As of September 30, 2014, Seix Floating Rate High Income Fund and Total Return Bond Fund had unfunded loan commitments which are presented in the Funds’ Schedule of Portfolio Investments.
(n) Restricted Securities — Certain Funds’ investments are restricted as to resale. As of September 30, 2014, all of these restricted securities have been deemed liquid by the Funds’ investment adviser based upon procedures approved by the Board, unless stated otherwise on the Funds’ Schedules of Portfolio Investments.
(o) Credit and Market Risk — Certain Funds’ investments in securities that are collateralized by residential real estate mortgages are subject to certain credit and liquidity risks. When market conditions result in an increase in default rates of the underlying mortgages and the foreclosure values of underlying real estate properties are materially below the outstanding amount of these underlying mortgages, collection of the full amount of accrued interest and principal on these investments may be doubtful. Such market conditions may significantly impair the value and liquidity of these investments and may result in a lack of correlation between their credit ratings and values.
(p) Foreign Investment Risks — Certain Funds’ investments in foreign securities may involve risks not present in domestic investments. Since securities may be denominated in foreign currencies, may require settlement in foreign currencies or pay interest or dividends in foreign currencies, changes in the relationship of these foreign currencies to the U.S. dollar can significantly affect the value of the investments and earnings of the Fund. Foreign investments may also subject the Fund to foreign government exchange restrictions, expropriation, taxation or other political, social or economic developments, all of which affect the market and/or credit risk of the investments.
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
For securities subject to foreign withholding tax upon disposition, liabilities are recorded on the Statement of Assets and Liabilities for the estimated tax withholding based on the securities’ current market value. Upon disposition, realized gains or losses on such securities are recorded net of foreign withholding tax.
(q) Counterparty Risk and Credit-Risk-Related Contingent Features of Derivative Instruments — Certain Funds may invest in certain securities or engage in other transactions where the Funds are exposed to counterparty credit risk in addition to broader market risks. The Funds may invest in securities of issuers, which may also be considered counterparties as trading partners in other transactions. This may increase the risk of loss in the event of default or bankruptcy by the counterparty or if the counterparty otherwise fails to meet its contractual obligations. The Funds’ Investment Adviser attempts to mitigate counterparty risk by (i) periodically assessing the creditworthiness of its trading partners, (ii) monitoring and/or limiting the amount of its net exposure to each individual counterparty based on its assessment and (iii) requiring collateral from the counterparty for certain transactions. Market events and changes in overall economic conditions may impact the assessment of such counterparty risk by the investment manager. In addition, declines in the values of underlying collateral received may expose the Funds to increased risk of loss.
(r) Other Risks — Certain Funds invest in high yield corporate, government, and other debt instruments of U.S. and non-U.S. issuers. High yield securities involve greater risk of default or downgrade and are more volatile than investment grade securities. A Fund’s concentration of investments in securities of issuers located in a specific region or state, subjects that Fund to the economic and government policies of the region or state, and may increase risk versus that of a fund whose investments are more diversified. Please refer to each Fund’s prospectus for additional risks that may be associated with the Funds.
(s) Federal and Other Taxes — It is the Funds’ policy to comply with the federal income and excise tax requirements of the Internal Revenue Code of 1986 (the “Code”), as amended, applicable to regulated investment companies. Accordingly, the Funds intend to distribute taxable income and net realized gains, if any, to shareholders in accordance with timing requirements imposed by the Code. Therefore, no federal or state income tax provision is required in the Funds’ financial statements.
Management has analyzed the Funds’ tax positions taken on income tax returns for all open tax years and has concluded that as of September 30, 2014, no provision for income tax is required in the Funds’ financial statements. The Funds’ federal and state income and federal excise tax returns for tax years for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state departments of revenue.
Under the applicable foreign tax laws, a withholding tax may be imposed on interest, dividends and capital gains at various rates.
(t) Reclassification — GAAP requires that certain components of net assets be reclassified to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or NAV per share.
(u) Line of Credit —The Funds entered into a committed unsecured revolving line of credit agreement (“LOC”) with State Street Bank and Trust (“State Street Bank”) for an aggregate amount of $250,000,000. The proceeds may be used only to (1) temporarily finance the purchase and sale of securities; or (2) finance the redemption of shares of the Funds. The Funds will pay a commitment fee to State Street Bank in the amount of 0.11% per annum on the daily unused portion of the LOC. Borrowings under the LOC will accrue interest at the higher of (a) the Federal Funds Rate, or (b) the One-month LIBOR Rate, plus 1.25% per annum. Generally, repayments must be made within 60 days of the borrowings. Commitment fees paid to State Street Bank pursuant to this agreement are reflected on the Statements of Operations as a component of Other Fees. As of September 30, 2014, the Funds had no borrowings under the LOC.
U.S Government Securities Ultra-Short Bond Fund incurred interest on a borrowing of $84 for the fiscal year ended September 30, 2014. The average dollar amount of the borrowings was $2,156,814, the weighted average interest rate on these borrowings was 1.43% and the Fund had an outstanding loan for one day during the period. The borrowings were valued at cost, which approximates fair value.
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
3. | Investment Adviser and Other Service Providers |
Investment Adviser — RidgeWorth Investments (“Investment Adviser”) serves as the investment adviser to the Funds. The Trust and the Investment Adviser have entered into an investment advisory agreement (“Advisory Agreement”). The Investment Adviser is a money—management holding company with multiple style-focused investment boutiques (“Subadviser”). The Subadviser for the Funds is Seix Investment Advisors LLC (“Seix”). Seix is a wholly-owned subsidiary of the Investment Adviser. The Investment Adviser pays the Subadviser out of the investment advisory fees it receives from the Funds.
Under the terms of the Advisory Agreement, the Funds are charged annual advisory fees, which are computed daily and paid monthly based upon average daily net assets. Breakpoints are used in computing the overall annual advisory fee. Break points are used in computing the overall annual advisory fee. The maximum annual advisory fee is charged on average daily net assets of each Fund up to $500 million. A discount of 5% applies on the next $500 million, a discount of 10% applies on the next $4 billion and a discount of 15% applies on amounts over $5 billion. Fee rates for the period ended September 30, 2014 were as follows:
Fund | Maximum Annual Advisory Fee | Discounted Annual Advisory Fee | Advisory Fees Waived/Expense Reimbursed | Net Annual Fees Paid* | ||||||||||||
Core Bond Fund | 0.25 | % | 0.25 | % | — | % | 0.25 | % | ||||||||
Corporate Bond Fund | 0.40 | 0.40 | (0.06 | ) | 0.34 | |||||||||||
Georgia Tax-Exempt Bond Fund | 0.50 | 0.50 | — | 0.50 | ||||||||||||
High Grade Municipal Bond Fund | 0.50 | 0.50 | (0.02 | ) | 0.48 | |||||||||||
High Income Fund | 0.55 | 0.54 | — | 0.54 | ||||||||||||
Intermediate Bond Fund | 0.25 | 0.25 | — | 0.25 | ||||||||||||
Investment Grade Tax-Exempt Bond Fund | 0.50 | 0.49 | (0.02 | ) | 0.47 | |||||||||||
Limited Duration Fund | 0.10 | 0.10 | (0.08 | ) | 0.02 | |||||||||||
Limited-Term Federal Mortgage Securities Fund | 0.50 | 0.50 | (0.56 | ) | — | |||||||||||
North Carolina Tax-Exempt Bond Fund | 0.50 | 0.50 | (0.01 | ) | 0.49 | |||||||||||
Seix Floating Rate High Income Fund | 0.45 | 0.40 | — | 0.40 | ||||||||||||
Seix High Yield Fund | 0.45 | 0.44 | — | 0.44 | ||||||||||||
Short-Term Bond Fund | 0.40 | 0.40 | (0.06 | ) | 0.34 | |||||||||||
Short-Term Municipal Bond Fund | 0.35 | 0.35 | (0.06 | ) | 0.29 | |||||||||||
Total Return Bond Fund | 0.25 | 0.24 | — | 0.24 | ||||||||||||
Ultra-Short Bond Fund | 0.22 | 0.22 | — | 0.22 | ||||||||||||
U.S. Government Securities Fund | 0.50 | 0.50 | (0.20 | ) | 0.30 | |||||||||||
U.S. Government Securities Ultra-Short Bond Fund | 0.20 | 0.19 | — | 0.19 | ||||||||||||
Virginia Intermediate Municipal Bond Fund | 0.50 | 0.50 | — | 0.50 |
* | Aggregate annual fees paid to the Investment Adviser, who pays the Subadviser a portion of the fees for its services to the Funds. |
Amounts | designated as “—” are 0%. |
The Investment Adviser and the Subadviser have contractually agreed, until at least August 1, 2015, to waive fees and/or reimburse expenses for each of the following Funds to the extent necessary to maintain each Fund’s total annual fund operating expenses (excluding, as applicable, taxes, brokerage commissions, substitute dividend expenses on securities sold short, interest expense, extraordinary expenses and indirect expenses attributable to the Fund’s investment in other funds), expressed as a percentage of average daily net assets, as noted below:
Contractual Expense Limitations August 1, 2014 to September 30, 2014 | ||||||||||||||||||||
Fund | I Shares | A Shares | C Shares | R Shares | IS Shares | |||||||||||||||
Core Bond Fund* | 0.50 | % | 0.75 | % | N/A | % | 1.05 | % | N/A | % | ||||||||||
Corporate Bond Fund* | 0.70 | 0.95 | 1.65 | N/A | N/A | |||||||||||||||
Georgia Tax-Exempt Bond Fund | 0.65 | 0.80 | N/A | N/A | N/A |
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Contractual Expense Limitations August 1, 2014 to September 30, 2014 | ||||||||||||||||||||
Fund | I Shares | A Shares | C Shares | R Shares | IS Shares | |||||||||||||||
High Grade Municipal Bond Fund | 0.65 | % | 0.80 | % | N/A | % | N/A | % | N/A | % | ||||||||||
High Income Fund* | 0.80 | 1.05 | N/A | 1.50 | 0.70 | |||||||||||||||
Intermediate Bond Fund* | 0.50 | 0.75 | N/A | 1.05 | N/A | |||||||||||||||
Investment Grade Tax-Exempt Bond Fund | 0.65 | 0.80 | N/A | N/A | N/A | |||||||||||||||
Limited Duration Fund* | 0.35 | N/A | N/A | N/A | N/A | |||||||||||||||
Limited-Term Federal Mortgage Securities Fund* | 0.70 | 0.90 | 1.65 | N/A | N/A | |||||||||||||||
North Carolina Tax-Exempt Bond Fund | 0.65 | 0.80 | N/A | N/A | N/A | |||||||||||||||
Seix Floating Rate High Income Fund* | 0.70 | 1.00 | 1.60 | N/A | N/A | |||||||||||||||
Seix High Yield Fund* | 0.65 | 0.90 | 1.30 | N/A | N/A | |||||||||||||||
Short-Term Bond Fund | 0.60 | 0.80 | N/A | 1.60 | N/A | |||||||||||||||
Short-Term Municipal Bond Fund | 0.55 | 0.70 | N/A | N/A | N/A | |||||||||||||||
Total Return Bond Fund* | 0.50 | 0.75 | N/A | 1.05 | 0.40 | |||||||||||||||
Ultra-Short Bond Fund | 0.46 | N/A | N/A | N/A | N/A | |||||||||||||||
U.S. Government Securities Fund | 0.75 | 0.95 | 1.70 | N/A | N/A | |||||||||||||||
U.S. Government Securities Ultra-Short Bond Fund | 0.46 | N/A | N/A | N/A | N/A | |||||||||||||||
Virginia Intermediate Municipal Bond Fund | 0.65 | 0.80 | N/A | N/A | N/A |
* | For the period April 1, 2014 to July 31, 2014 the Contractual Expense Limitations were as follows: |
Fund | I Shares | A Shares | C Shares | R Shares | IS Shares | |||||||||||||
Core Bond Fund | 0.45 | % | 0.75 | % | N/A | % | 1.05 | % | N/A | |||||||||
Corporate Bond Fund | 0.65 | 0.95 | 1.65 | N/A | N/A | |||||||||||||
High Income Fund | 0.78 | 1.08 | N/A | 1.50 | N/A | |||||||||||||
Intermediate Bond Fund | 0.45 | 0.75 | N/A | 1.05 | N/A | |||||||||||||
Limited Duration Fund | 0.32 | N/A | N/A | N/A | N/A | |||||||||||||
Limited-Term Federal Mortgage Securities Fund | 0.66 | 0.86 | 1.66 | N/A | N/A | |||||||||||||
Seix Floating Rate High Income Fund | 0.67 | 0.97 | 1.61 | N/A | N/A | |||||||||||||
Seix High Yield Fund | 0.61 | 0.87 | N/A | 1.30 | N/A | |||||||||||||
Total Return Bond Fund | 0.45 | 0.75 | N/A | 1.05 | N/A |
Under the Expense Limitation Agreement, the Investment Adviser may retain the difference between the Contractual Expense Limitation identified above and the actual total expenses to recapture any of its prior contractual waivers or reimbursements at a date not to exceed three years from the date of such waivers or reimbursements. Such repayments shall be made monthly, but only to the extent that such repayments would not cause the annualized total expense ratio to exceed the contractual expense limitation in place at that time. Under certain circumstances, the Advisor may choose to voluntarily waive fees. In the event that the Advisor voluntarily waives any fees, these waived fees are not subject to recoupment by the Advisor. During the period ended September 30, 2014, the Investment Adviser did not recapture any of its prior contractual waivers or
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
reimbursements. As of September 30, 2014, the cumulative potential recoupments recoverable pursuant to this agreement are as follows:
Expires | ||||||||||||||||
Fund | 2015 | 2016 | 2017 | 2018 | ||||||||||||
Core Bond Fund | $— | $1,227 | $42 | $3,506 | ||||||||||||
Corporate Bond Fund | — | 10,691 | 5,345 | 12,023 | ||||||||||||
High Grade Municipal Bond Fund | 11,057 | 17,205 | 18,165 | 7,762 | ||||||||||||
High Income Fund | — | 85,675 | 26,432 | — | ||||||||||||
Intermediate Bond Fund | — | 580 | 12 | — | ||||||||||||
Investment Grade Tax-Exempt Bond Fund | — | 53,503 | 32,500 | 63,187 | ||||||||||||
Limited Duration Fund | — | 3,221 | 8,029 | 2,739 | ||||||||||||
Limited-Term Federal Mortgage Securities Fund | 26,833 | 49,640 | 56,990 | 27,740 | ||||||||||||
North Carolina Tax-Exempt Bond Fund | — | — | — | 2,685 | ||||||||||||
Seix High Yield Fund | — | — | 122 | — | ||||||||||||
Short-Term Bond Fund | — | 2,491 | 1,467 | 13,644 | ||||||||||||
Short-Term Municipal Bond Fund | 22,692 | 36,571 | 35,071 | 11,588 | ||||||||||||
Total Return Bond Fund | — | 134,555 | 30,144 | 7,320 | ||||||||||||
US Government Securities Fund | — | 26,551 | 39,498 | 22,911 |
Amounts designated as “—” are $0.
The Investment Adviser has voluntarily undertaken to reduce and/or subsidize certain expenses of the Limited-Term Federal Mortgage Securities Fund, Short-Term Bond Fund and U.S. Government Securities Fund to the extent necessary to maintain a minimum annualized yield of 0.00% for each of the Fund’s share classes. This voluntary expense reduction and/or expense subsidy may be modified or discontinued at any time without prior notice and is not subject to recoupment. There can be no assurance that this fee reduction will be sufficient to avoid any loss. During the period ended September 30, 2014, Short-Term Bond Fund and U.S. Government Securities Fund had voluntary reimbursements in the amount of $1,992 and $1,572, respectively.
Fund Accounting, Custody, Administration, and Transfer Agency — State Street Bank and Trust Company (“State Street Bank”) serves as the fund accounting agent and custodian for the Trust pursuant to a Master Custodian Agreement. The custodian is responsible for the safekeeping of the assets of the Funds and the fund accounting agent is responsible for calculating the Funds’ NAVs. State Street Bank, as the Funds’ custodian and fund accounting agent, is paid on the basis of net assets and transaction costs of the Funds. State Street Bank also serves as the administrator for the Trust pursuant to an administration agreement. State Street Bank, as the Funds’ administrator, is paid on the basis of net assets of the Funds which are allocated among the series of the Trust, on the basis of relative net assets.
Boston Financial Data Services, Inc. (“BFDS”) serves as the transfer agent to the Trust pursuant to a Transfer Agency and Service Agreement. BFDS is paid on the basis of net assets, per account fees and certain transaction costs.
Custodian Credits — The Funds have an agreement with their custodian under which custody fees may be reduced by balance credits. These credits, if any, are shown as a reduction of custody expenses on the Statements of Operations.
Distribution — The Trust and RidgeWorth Distributors LLC (the “Distributor”) are parties to a Distribution Agreement.
In addition, with respect to the A Shares, C Shares and R Shares, the Distributor receives amounts, pursuant to a Distribution and Service Plan, based upon average daily net assets of each respective class, which are computed daily and paid monthly. For the period ended September 30, 2014, the Distributor did not retain any of the front end sales charges assessed on the sale of Class A shares. For the period ended September 30, 2014, the Distributor did not retain any commissions from contingent deferred sales charges assessed on redemptions of Class C Shares.
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
These current board approved fees, expressed as a percentage of average daily net assets, for the period ended September 30, 2014, were as follows:
Fund | A Share Distribution and Service Fee | C Share Distribution and Service Fee | R Share Distribution and Service Fee | |||||||||
Core Bond Fund | 0.30 | % | N/A | % | 0.50 | % | ||||||
Corporate Bond Fund | 0.30 | 1.00 | N/A | |||||||||
Georgia Tax-Exempt Bond Fund | 0.15 | N/A | N/A | |||||||||
High Grade Municipal Bond Fund | 0.15 | N/A | N/A | |||||||||
High Income Fund | 0.30 | N/A | 0.50 | |||||||||
Intermediate Bond Fund | 0.25 | N/A | 0.50 | |||||||||
Investment Grade Tax-Exempt Bond Fund | 0.30 | N/A | N/A | |||||||||
Limited-Term Federal Mortgage Securities Fund | 0.20 | 1.00 | N/A | |||||||||
North Carolina Tax-Exempt Bond Fund | 0.15 | N/A | N/A | |||||||||
Seix Floating Rate High Income Fund | 0.30 | 1.00 | N/A | |||||||||
Seix High Yield Fund | 0.25 | N/A | 0.50 | |||||||||
Short-Term Bond Fund | 0.20 | 1.00 | N/A | |||||||||
Short-Term Municipal Bond Fund | 0.15 | N/A | N/A | |||||||||
Total Return Bond Fund | 0.25 | N/A | 0.50 | |||||||||
U.S. Government Securities Fund | 0.30 | 1.00 | N/A | |||||||||
Virginia Intermediate Municipal Bond Fund | 0.15 | N/A | N/A |
Shareholder Servicing Fees — The Funds have adopted shareholder services fees for the I Shares and A Shares of such Funds. Each of these Funds (or class thereof, as the case may be) may pay a services fee to financial institutions that provide certain services to the Funds. The services may include, among others, providing general shareholder liaison services (including responding to shareholder inquiries) providing information on shareholder investments, and establishing and maintaining shareholder accounts and records. The Funds may pay a shareholder services fee up to an annual rate of 0.20% of average daily net assets of a Fund’s I Shares or A Shares. The Core Bond Fund, High Income Fund, Intermediate Bond Fund, Seix High Yield Fund, and Total Return Bond Fund have adopted a shareholder services fee for the R Shares. Each Fund pays specified benefit plans or other financial service firms for shareholder support services they provide, at an annual rate of up to 0.25% of the average daily net assets of R Shares.
Other Fees —The Investment Adviser provides compliance and certain administrative services to the Trust to ensure compliance with applicable laws and regulations. For the period ended September 30, 2014, the Investment Adviser was paid $809,064 for these services. Foreside Compliance Services, LLC (“FCS”) an affiliate of the Distributor, provides an Anti-Money Laundering Officer/Identity Theft Prevention Officer (“AML Officer”) to the Trust. Fees paid to FCS pursuant to these agreements are reflected on the Statements of Operations as a component of “Other Fees” as applicable.
Neither FCS nor any of their officers or employees who serve as an officer of the Trust, have any role in determining the Funds’ investment policies or which securities are to be purchased or sold by the Trust or its Funds.
Certain officers of the Trust are also officers or employees of the Investment Adviser, FCS and the administrator. Such officers receive no fees from the Trust for serving as officers of the Trust.
Each of the Trustees receives an annual retainer and an additional fee for each meeting attended, plus reimbursement for certain expenses incurred. Trustees receive an additional fee for membership at committee meetings. Information on the aggregate remuneration paid to the Trustees can be found on the Statements of Operations.
Payment by Affiliates — During the fiscal year ended March 31, 2014, the subadviser fully reimbursed the U.S. Government Securities Fund for $38,190 for losses incurred on trades executed incorrectly. The amount of this reimbursement was 0.15% of the Fund’s average net assets.
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
4. | Capital Stock Transactions |
Transactions in capital shares and dollars for the year ended March 31, 2014 and the period ended September 30, 2014 were as follows:
Shares Issued | Shares Issued- Merger | Shares Reinvested | Shares Redeemed | Net Increase (Decrease) in Shares Outstanding | Proceeds from Shares Issued | Issued- Merger | Dividends Reinvested | Cost of Shares Redeemed | Change in Net Assets from Capital Transactions | |||||||||||||||||||||||||||||||
Core Bond Fund |
| |||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 2,254,205 | — | 157,214 | (3,229,154 | ) | (817,735 | ) | 24,376,325 | — | 1,698,187 | (34,841,510 | ) | (8,766,998 | ) | ||||||||||||||||||||||||||
3/31/2014 | 3,381,088 | — | 762,147 | (18,518,562 | ) | (14,375,327 | ) | 36,663,040 | — | 8,117,846 | (200,452,039 | ) | (155,671,153 | ) | ||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 16,198 | — | 7,679 | (237,554 | ) | (213,677 | ) | 174,550 | — | 82,929 | (2,567,359 | ) | (2,309,880 | ) | ||||||||||||||||||||||||||
3/31/2014 | 501,179 | — | 46,195 | (1,475,984 | ) | (928,610 | ) | 5,432,645 | — | 491,829 | (15,953,019 | ) | (10,028,545 | ) | ||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 15,443 | — | 2,986 | (50,633 | ) | (32,204 | ) | 167,621 | — | 32,280 | (547,022 | ) | (347,121 | ) | ||||||||||||||||||||||||||
3/31/2014 | 19,213 | — | 14,852 | (107,714 | ) | (73,649 | ) | 203,068 | — | 157,799 | (1,172,656 | ) | (811,789 | ) | ||||||||||||||||||||||||||
Corporate Bond Fund |
| |||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 94,843 | — | 43,633 | (758,958 | ) | (620,482 | ) | 844,332 | — | 391,396 | (6,764,581 | ) | (5,528,853 | ) | ||||||||||||||||||||||||||
3/31/2014 | 711,418 | — | 345,401 | (3,443,282 | ) | (2,386,463 | ) | 6,444,355 | — | 3,014,656 | (30,230,500 | ) | (20,771,489 | ) | ||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 43,172 | — | 974 | (42,133 | ) | 2,013 | 386,922 | — | 8,774 | (378,079 | ) | 17,617 | ||||||||||||||||||||||||||||
3/31/2014 | 29,837 | — | 6,213 | (377,467 | ) | (341,417 | ) | 267,829 | — | 55,067 | (3,363,570 | ) | (3,040,674 | ) | ||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 45 | — | 10,650 | (94,219 | ) | (83,524 | ) | 400 | — | 95,494 | (841,747 | ) | (745,853 | ) | ||||||||||||||||||||||||||
3/31/2014 | 5,313 | — | 66,392 | (563,453 | ) | (491,748 | ) | 49,253 | — | 577,793 | (5,047,594 | ) | (4,420,548 | ) | ||||||||||||||||||||||||||
Georgia Tax-Exempt Bond Fund |
| |||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 1,090,696 | — | 82,814 | (1,243,325 | ) | (69,815 | ) | 11,552,431 | — | 886,688 | (13,219,160 | ) | (780,041 | ) | ||||||||||||||||||||||||||
3/31/2014 | 2,180,151 | — | 32,813 | (4,359,350 | ) | (2,146,386 | ) | 22,646,321 | — | 338,683 | (44,856,457 | ) | (21,871,453 | ) | ||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 7,055 | — | 4,905 | (67,883 | ) | (55,923 | ) | 74,621 | — | 52,405 | (725,985 | ) | (598,959 | ) | ||||||||||||||||||||||||||
3/31/2014 | 22,297 | — | 10,650 | (59,259 | ) | (26,312 | ) | 238,966 | — | 110,131 | (606,721 | ) | (257,624 | ) | ||||||||||||||||||||||||||
High Grade Municipal Bond Fund |
| |||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 2,382,435 | — | 39,897 | (441,925 | ) | 1,980,407 | 28,860,418 | — | 484,869 | (5,339,477 | ) | 24,005,810 | ||||||||||||||||||||||||||||
3/31/2014 | 2,617,079 | — | 61,485 | (3,187,674 | ) | (509,110 | ) | 30,893,654 | — | 716,398 | (37,282,031 | ) | (5,671,979 | ) | ||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 738,405 | — | 12,335 | (373,961 | ) | 376,779 | 8,891,758 | — | 149,831 | (4,536,718 | ) | 4,504,871 | ||||||||||||||||||||||||||||
3/31/2014 | 368,393 | — | 19,911 | (570,774 | ) | (182,470 | ) | 4,335,898 | — | 232,188 | (6,642,002 | ) | (2,073,916 | ) | ||||||||||||||||||||||||||
High Income Fund |
| |||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 36,900,562 | — | 2,777,934 | (41,500,017 | ) | (1,821,521 | ) | 268,546,116 | — | 20,140,906 | (299,935,120 | ) | (11,248,098 | ) | ||||||||||||||||||||||||||
3/31/2014 | 61,365,620 | — | 7,258,926 | (68,025,196 | ) | 599,350 | 443,208,494 | — | 52,200,825 | (491,210,375 | ) | 4,198,944 | ||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 2,923,533 | — | 432,985 | (15,512,883 | ) | (12,156,365 | ) | 21,323,862 | — | 3,151,203 | (113,080,222 | ) | (88,605,157 | ) | ||||||||||||||||||||||||||
3/31/2014 | 16,874,723 | — | 1,534,313 | (13,006,161 | ) | 5,402,875 | 121,875,949 | — | 11,029,068 | (93,613,472 | ) | 39,291,545 | ||||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 290,917 | — | 76,139 | (431,962 | ) | (64,906 | ) | 2,120,299 | — | 552,508 | (3,140,499 | ) | (467,692 | ) | ||||||||||||||||||||||||||
3/31/2014 | 715,308 | — | 221,520 | (1,136,782 | ) | (199,954 | ) | 5,184,036 | — | 1,592,910 | (8,212,927 | ) | (1,435,981 | ) | ||||||||||||||||||||||||||
IS Shares* | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 815,892 | 7,837 | (24,219 | ) | 799,510 | 5,859,270 | 56,284 | (172,950 | ) | 5,742,604 |
149
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Shares Issued | Shares Issued- Merger | Shares Reinvested | Shares Redeemed | Net Increase (Decrease) in Shares Outstanding | Proceeds from Shares Issued | Issued- Merger | Dividends Reinvested | Cost of Shares Redeemed | Change in Net Assets from Capital Transactions | |||||||||||||||||||||||||||||||
Intermediate Bond Fund |
| |||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 2,063,732 | — | 163,102 | (8,383,164 | ) | (6,156,330 | ) | 20,262,435 | — | 1,603,174 | (82,335,812 | ) | (60,470,203 | ) | ||||||||||||||||||||||||||
3/31/2014 | 5,698,274 | — | 1,608,408 | (62,230,976 | ) | (54,924,294 | ) | 57,311,604 | — | 15,747,823 | (627,065,916 | ) | (554,006,489 | ) | ||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 13,597 | — | 1,703 | (186,120 | ) | (170,820 | ) | 133,467 | — | 16,755 | (1,831,266 | ) | (1,681,044 | ) | ||||||||||||||||||||||||||
3/31/2014 | 130,408 | — | 26,128 | (738,824 | ) | (582,288 | ) | 1,310,933 | — | 255,977 | (7,371,579 | ) | (5,804,669 | ) | ||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 24 | — | 6 | (4 | ) | 26 | 238 | — | 68 | (43 | ) | 263 | ||||||||||||||||||||||||||||
3/31/2014 | — | — | 89 | (1,356 | ) | (1,267 | ) | — | — | 874 | (13,778 | ) | (12,904 | ) | ||||||||||||||||||||||||||
Investment Grade Tax-Exempt Bond Fund |
| |||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 4,587,000 | — | 475,947 | (7,078,639 | ) | (2,015,692 | ) | 56,429,010 | — | 5,872,808 | (87,103,515 | ) | (24,801,697 | ) | ||||||||||||||||||||||||||
3/31/2014 | 16,405,379 | — | 1,155,356 | (43,346,151 | ) | (25,785,416 | ) | 198,451,877 | — | 13,920,762 | (526,599,697 | ) | (314,227,058 | ) | ||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 273,136 | — | 21,536 | (502,939 | ) | (208,267 | ) | 3,357,158 | — | 265,917 | (6,190,624 | ) | (2,567,549 | ) | ||||||||||||||||||||||||||
3/31/2014 | 968,802 | — | 59,113 | (1,513,367 | ) | (485,452 | ) | 11,874,624 | — | 712,329 | (18,242,631 | ) | (5,655,678 | ) | ||||||||||||||||||||||||||
Limited Duration Fund |
| |||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||
3/31/2014 | — | — | 85 | (276,001 | ) | (275,916 | ) | — | — | 834 | (2,710,333 | ) | (2,709,499 | ) | ||||||||||||||||||||||||||
Limited-Term Federal Mortgage Securities Fund |
| |||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 37,643 | — | 3,545 | (62,755 | ) | (21,567 | ) | 416,778 | — | 39,226 | (692,504 | ) | (236,500 | ) | ||||||||||||||||||||||||||
3/31/2014 | 60,641 | — | 9,302 | (524,309 | ) | (454,366 | ) | 662,667 | — | 101,517 | (5,683,200 | ) | (4,919,016 | ) | ||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 1,055 | — | 1,584 | (12,445 | ) | (9,806 | ) | 11,624 | — | 17,494 | (137,340 | ) | (108,222 | ) | ||||||||||||||||||||||||||
3/31/2014 | 3,344 | — | 2,973 | (52,023 | ) | (45,706 | ) | 36,398 | — | 32,360 | (564,660 | ) | (495,902 | ) | ||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 2,475 | — | 2,823 | (48,494 | ) | (43,196 | ) | 27,291 | — | 31,234 | (534,854 | ) | (476,329 | ) | ||||||||||||||||||||||||||
3/31/2014 | 13,487 | — | 4,495 | (120,524 | ) | (102,542 | ) | 148,351 | — | 49,021 | (1,314,315 | ) | (1,116,943 | ) | ||||||||||||||||||||||||||
North Carolina Tax-Exempt Bond Fund |
| |||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 100,830 | — | 3,559 | (383,732 | ) | (279,343 | ) | 1,030,145 | — | 36,564 | (3,930,622 | ) | (2,863,913 | ) | ||||||||||||||||||||||||||
3/31/2014 | 585,857 | — | 58,643 | (1,711,383 | ) | (1,066,883 | ) | 6,008,053 | — | 579,532 | (17,308,582 | ) | (10,720,997 | ) | ||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 268 | — | 865 | (11,764 | ) | (10,631 | ) | 2,748 | — | 8,857 | (119,748 | ) | (108,143 | ) | ||||||||||||||||||||||||||
3/31/2014 | 8,849 | — | 4,340 | (12,853 | ) | 336 | 89,260 | — | 43,174 | (130,146 | ) | 2,288 | ||||||||||||||||||||||||||||
Seix Floating Rate High Income Fund |
| |||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 126,235,487 | — | 13,357,075 | (334,407,624 | ) | (194,815,062 | ) | 1,140,683,880 | — | 120,493,466 | (3,019,780,197 | ) | (1,758,602,851 | ) | ||||||||||||||||||||||||||
3/31/2014 | 628,444,241 | — | 22,304,080 | (299,577,130 | ) | 351,171,191 | 5,683,184,415 | — | 201,766,750 | (2,707,946,527 | ) | 3,177,004,638 | ||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 2,972,318 | — | 404,865 | (5,282,182 | ) | (1,904,999 | ) | 26,874,392 | — | 3,652,130 | (47,671,396 | ) | (17,144,874 | ) | ||||||||||||||||||||||||||
3/31/2014 | 16,188,285 | — | 615,510 | (4,302,643 | ) | 12,501,152 | 146,213,918 | — | 5,566,938 | (38,906,052 | ) | 112,874,804 | ||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 812,715 | — | 87,445 | (1,258,832 | ) | (358,672 | ) | 7,346,107 | — | 788,850 | (11,367,550 | ) | (3,232,593 | ) | ||||||||||||||||||||||||||
3/31/2014 | 5,464,357 | — | 129,066 | (889,187 | ) | 4,704,236 | 49,415,633 | — | 1,168,010 | (8,050,702 | ) | 42,532,941 | ||||||||||||||||||||||||||||
Seix High Yield Fund |
| |||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 19,704,542 | — | 989,828 | (60,398,702 | ) | (39,704,332 | ) | 196,831,600 | — | 9,852,442 | (600,958,709 | ) | (394,274,667 | ) | ||||||||||||||||||||||||||
3/31/2014 | 61,690,195 | — | 4,192,490 | (118,828,265 | ) | (52,945,580 | ) | 621,989,604 | — | 41,645,303 | (1,188,807,521 | ) | (525,172,614 | ) | ||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 2,080,191 | — | 134,224 | (8,559,807 | ) | (6,345,392 | ) | 20,266,284 | — | 1,310,796 | (83,284,620 | ) | (61,707,540 | ) | ||||||||||||||||||||||||||
3/31/2014 | 4,654,381 | — | 547,554 | (5,253,197 | ) | (51,262 | ) | 45,581,021 | — | 5,304,484 | (52,062,135 | ) | (1,176,630 | ) | ||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 1,422 | — | 2,868 | (20,829 | ) | (16,539 | ) | 14,154 | — | 28,516 | (207,829 | ) | (165,159 | ) | ||||||||||||||||||||||||||
3/31/2014 | 2,373 | — | 12,533 | (123,064 | ) | (108,158 | ) | 23,931 | — | 124,339 | (1,237,608 | ) | (1,089,338 | ) |
150
Table of Contents
NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Shares Issued | Shares Issued- Merger | Shares Reinvested | Shares Redeemed | Net Increase (Decrease) in Shares Outstanding | Proceeds from Shares Issued | Issued- Merger | Dividends Reinvested | Cost of Shares Redeemed | Change in Net Assets from Capital Transactions | |||||||||||||||||||||||||||||||
Short-Term Bond Fund |
| |||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 213,063 | — | 5,869 | (1,281,904 | ) | (1,062,972 | ) | 2,120,683 | — | 58,423 | (12,747,735 | ) | (10,568,629 | ) | ||||||||||||||||||||||||||
3/31/2014 | 543,689 | — | 26,176 | (4,549,476 | ) | (3,979,611 | ) | 5,416,209 | — | 260,604 | (45,307,997 | ) | (39,631,184 | ) | ||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 6,250 | — | 776 | (41,831 | ) | (34,805 | ) | 62,449 | — | 7,745 | (417,670 | ) | (347,476 | ) | ||||||||||||||||||||||||||
3/31/2014 | 162,922 | — | 2,434 | (96,359 | ) | 68,997 | 1,622,054 | — | 24,299 | (962,809 | ) | 683,544 | ||||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 22,014 | — | 7 | (21,599 | ) | 422 | 219,622 | — | 69 | (215,497 | ) | 4,194 | ||||||||||||||||||||||||||||
3/31/2014 | 8,341 | — | 475 | (60,400 | ) | (51,584 | ) | 83,343 | — | 4,743 | (602,418 | ) | (514,332 | ) | ||||||||||||||||||||||||||
Short-Term Municipal Bond Fund |
| |||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 1,493,773 | — | 1,843 | (989,899 | ) | 505,717 | 14,987,123 | — | 18,508 | (9,927,430 | ) | 5,078,201 | ||||||||||||||||||||||||||||
3/31/2014 | 2,793,828 | — | 6,454 | (823,172 | ) | 1,977,110 | 27,861,596 | — | 64,360 | (8,227,668 | ) | 19,698,288 | ||||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 53,959 | — | 448 | (166,037 | ) | (111,630 | ) | 541,109 | — | 4,493 | (1,663,453 | ) | (1,117,851 | ) | ||||||||||||||||||||||||||
3/31/2014 | 470,366 | — | 2,331 | (251,053 | ) | 221,644 | 4,689,027 | — | 23,246 | (2,506,596 | ) | 2,205,677 | ||||||||||||||||||||||||||||
Total Return Bond Fund |
| |||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 14,151,442 | — | 1,001,960 | (33,071,314 | ) | (17,917,912 | ) | 149,371,364 | — | 10,595,525 | (348,689,759 | ) | (188,722,870 | ) | ||||||||||||||||||||||||||
3/31/2014 | 35,442,280 | — | 3,020,514 | (52,014,206 | ) | (13,551,412 | ) | 372,317,749 | — | 31,431,487 | (544,946,298 | ) | (141,197,062 | ) | ||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 295,690 | — | 35,130 | (598,967 | ) | (268,147 | ) | 3,228,395 | — | 383,959 | (6,535,272 | ) | (2,922,918 | ) | ||||||||||||||||||||||||||
3/31/2014 | 1,198,287 | — | 99,910 | (1,990,077 | ) | (691,880 | ) | 13,074,700 | — | 1,073,867 | (21,523,689 | ) | (7,375,122 | ) | ||||||||||||||||||||||||||
R Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 471,820 | — | 61,290 | (922,990 | ) | (389,880 | ) | 4,982,864 | — | 648,414 | (9,754,446 | ) | (4,123,168 | ) | ||||||||||||||||||||||||||
3/31/2014 | 2,179,751 | — | 171,423 | (2,128,405 | ) | 222,769 | 22,904,252 | — | 1,780,896 | (22,277,128 | ) | 2,408,020 | ||||||||||||||||||||||||||||
IS Shares* |
| |||||||||||||||||||||||||||||||||||||||
9/30/2014 | 6,982,569 | 27,417 | (185,711 | ) | 6,824,275 | 73,880,019 | 290,677 | (1,962,000 | ) | 72,208,696 | ||||||||||||||||||||||||||||||
Ultra-Short Bond Fund |
| |||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 5,171,189 | — | 37,620 | (2,817,642 | ) | 2,391,167 | 51,638,761 | — | 375,457 | (28,124,348 | ) | 23,889,870 | ||||||||||||||||||||||||||||
3/31/2014 | 13,410,368 | — | 67,500 | (12,188,417 | ) | 1,289,451 | 133,672,653 | — | 672,246 | (121,339,587 | ) | 13,005,312 | ||||||||||||||||||||||||||||
U.S. Government Securities Fund |
| |||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 95,636 | — | 8,081 | (617,285 | ) | (513,568 | ) | 789,824 | — | 66,868 | (5,091,608 | ) | (4,234,916 | ) | ||||||||||||||||||||||||||
3/31/2014 | 446,246 | — | 26,718 | (2,140,610 | ) | (1,667,646 | ) | 3,686,095 | — | 219,336 | (17,665,676 | ) | (13,760,245 | ) | ||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | — | — | 217 | (33,698 | ) | (33,481 | ) | — | — | 1,796 | (278,272 | ) | (276,476 | ) | ||||||||||||||||||||||||||
3/31/2014 | 5,348 | — | 810 | (97,821 | ) | (91,663 | ) | 44,468 | — | 6,634 | (809,768 | ) | (758,666 | ) | ||||||||||||||||||||||||||
C Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 8,237 | — | — | (9,249 | ) | (1,012 | ) | 67,874 | — | — | (76,662 | ) | (8,788 | ) | ||||||||||||||||||||||||||
3/31/2014 | 1,177 | — | 755 | (53,881 | ) | (51,949 | ) | 9,665 | — | 6,158 | (443,666 | ) | (427,843 | ) | ||||||||||||||||||||||||||
U.S. Government Securities Ultra-Short Bond Fund |
| |||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 33,474,169 | 784,751 | 545,446 | (58,559,012 | ) | (23,754,646 | ) | 331,144,915 | 7,953,747 | 5,525,781 | (593,116,064 | ) | (248,501,290 | ) | ||||||||||||||||||||||||||
3/31/2014 | 101,427,491 | — | 1,181,944 | (134,947,231 | ) | (32,337,793 | ) | 1,026,896,037 | — | 11,963,094 | (1,366,545,369 | ) | (327,686,238 | ) | ||||||||||||||||||||||||||
Virginia Intermediate Municipal Bond Fund |
| |||||||||||||||||||||||||||||||||||||||
I Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 458,555 | — | 15,068 | (976,021 | ) | (502,398 | ) | 4,685,179 | — | 154,493 | (9,994,708 | ) | (5,155,036 | ) | ||||||||||||||||||||||||||
3/31/2014 | 1,595,936 | — | 73,607 | (3,496,655 | ) | (1,827,112 | ) | 16,250,026 | — | 741,171 | (35,433,802 | ) | (18,442,605 | ) | ||||||||||||||||||||||||||
A Shares | ||||||||||||||||||||||||||||||||||||||||
9/30/2014 | 40,242 | — | 7,042 | (226,964 | ) | (179,680 | ) | 411,438 | — | 72,164 | (2,317,422 | ) | (1,833,820 | ) | ||||||||||||||||||||||||||
3/31/2014 | 77,740 | — | 28,685 | (391,881 | ) | (285,456 | ) | 800,578 | — | 289,700 | (3,970,093 | ) | (2,879,815 | ) |
* | IS Shares commenced operations on August 1, 2014. |
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
5. | Investment Transactions |
The cost of security purchases and the proceeds from sales and maturities of securities, excluding securities maturing less than one year from acquisition and U.S. government securities, for the period ended September 30, 2014, were as follows:
Fund | Purchases | Sales and Maturities | ||||||
Core Bond Fund | $31,712,799 | $43,886,441 | ||||||
Corporate Bond Fund | 17,275,809 | 22,080,919 | ||||||
Georgia Tax-Exempt Bond Fund | 26,205,238 | 29,142,633 | ||||||
High Grade Municipal Bond Fund | 96,097,384 | 63,633,435 | ||||||
High Income Fund | 394,078,670 | 470,780,744 | ||||||
Intermediate Bond Fund | 39,130,737 | 72,342,527 | ||||||
Investment Grade Tax-Exempt Bond Fund | 339,405,717 | 345,487,123 | ||||||
Limited Duration Fund | 1,847,971 | 1,584,179 | ||||||
Limited-Term Federal Mortgage Securities Fund | 96,960 | — | ||||||
North Carolina Tax-Exempt Bond Fund | 7,187,671 | 10,173,607 | ||||||
Seix Floating Rate High Income Fund | 1,246,885,191 | 2,972,835,611 | ||||||
Seix High Yield Fund | 317,024,931 | 759,305,193 | ||||||
Short-Term Bond Fund | 8,515,260 | 25,557,316 | ||||||
Short-Term Municipal Bond Fund | 24,930,926 | 19,769,577 | ||||||
Total Return Bond Fund | 177,118,845 | 323,800,144 | ||||||
Ultra-Short Bond Fund | 57,061,727 | 33,612,845 | ||||||
U.S. Government Securities Ultra-Short Bond Fund | 128,593,936 | 175,778,825 | ||||||
Virginia Intermediate Municipal Bond Fund | 22,798,183 | 25,067,318 |
The cost of security purchases and proceeds from sales and maturities of U.S. government securities, excluding short-term investments, for the period ended September 30, 2014, were as follows:
Fund | Purchases | Sales and Maturities | ||||||
Core Bond Fund | $142,402,189 | $142,344,715 | ||||||
Intermediate Bond Fund | 139,380,732 | 159,504,632 | ||||||
Limited-Term Federal Mortgage Securities Fund | 7,893,515 | 8,927,562 | ||||||
Short-Term Bond Fund | 24,587,579 | 18,539,695 | ||||||
Total Return Bond Fund | 741,659,421 | 748,283,213 | ||||||
Ultra-Short Bond Fund | 2,834,228 | 3,506,583 | ||||||
U.S. Government Securities Fund | 5,609,922 | 9,159,096 | ||||||
U.S. Government Securities Ultra-Short Bond Fund | 100,486,898 | 310,236,982 |
6. | Federal Income Tax Information |
The following information is presented on an income tax basis and takes into consideration differences between amounts for financial statement and income tax purposes. These “book/tax” differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature (e.g., foreign currency transactions and return of capital on securities), such amounts are reclassified within the composition of net assets based on their U.S. federal tax-basis treatment; temporary differences do not require reclassification.
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
The cost of investments and aggregate gross unrealized appreciation and depreciation for securities held by the Funds as of September 30, 2014 were as follows:
Fund | Tax Cost | Aggregate Gross Unrealized Appreciation | Aggregate Gross Unrealized (Depreciation) | Net Unrealized Appreciation/ (Depreciation) | ||||||||||||
Core Bond Fund | $203,434,888 | $2,512,502 | $(663,234) | $1,849,268 | ||||||||||||
Corporate Bond Fund | 33,386,347 | 775,306 | (282,625 | ) | 492,681 | |||||||||||
Georgia Tax-Exempt Bond Fund | 121,249,104 | 7,716,115 | (8,408 | ) | 7,707,707 | |||||||||||
High Grade Municipal Bond Fund | 87,082,769 | 5,057,191 | – | 5,057,191 | ||||||||||||
High Income Fund | 911,620,091 | 15,303,602 | (23,650,895 | ) | (8,347,293 | ) | ||||||||||
Intermediate Bond Fund | 304,648,623 | 2,041,675 | (717,492 | ) | 1,324,183 | |||||||||||
Investment Grade Tax-Exempt Bond Fund | 629,426,128 | 42,146,022 | (180,146 | ) | 41,965,876 | |||||||||||
Limited Duration Fund | 6,632,699 | 18,540 | (2,782 | ) | 15,758 | |||||||||||
Limited-Term Federal Mortgage Securities Fund | 9,365,200 | 169,075 | (33,356 | ) | 135,719 | |||||||||||
North Carolina Tax-Exempt Bond Fund | 33,892,273 | 1,985,022 | – | 1,985,022 | ||||||||||||
Seix Floating Rate High Income Fund | 7,278,345,195 | 28,457,189 | (101,160,404 | ) | (72,703,215 | ) | ||||||||||
Seix High Yield Fund | 826,729,461 | 19,963,513 | (13,423,921 | ) | 6,539,592 | |||||||||||
Short-Term Bond Fund | 33,643,440 | 74,129 | (38,582 | ) | 35,547 | |||||||||||
Short-Term Municipal Bond Fund | 43,107,163 | 200,016 | (30,003 | ) | 170,013 | |||||||||||
Total Return Bond Fund | 1,042,798,424 | 13,258,368 | (4,012,565 | ) | 9,245,803 | |||||||||||
Ultra-Short Bond Fund | 145,019,381 | 442,808 | (162,257 | ) | 280,551 | |||||||||||
U.S. Government Securities Fund | 18,967,098 | 289,814 | (55,995 | ) | 233,819 | |||||||||||
U.S. Government Securities Ultra-Short Bond Fund | 1,707,398,646 | 28,585,401 | (1,281,531 | ) | 27,303,870 | |||||||||||
Virginia Intermediate Municipal Bond Fund | 115,508,322 | 6,698,464 | (2,456 | ) | 6,696,008 |
Amounts designated as “—” are $0.
The tax character of distributions paid to shareholders during the fiscal year ended March 31, 2014 was as follows:
Distributions paid from | ||||||||||||||||||||
Fund | Net Investment Income* | Net Long Term Capital Gains | Tax-Exempt Distributions** | Return of Capital | Total Distributions Paid* | |||||||||||||||
Core Bond Fund | $5,597,094 | $5,053,263 | $— | $— | $10,650,357 | |||||||||||||||
Corporate Bond Fund | 1,948,036 | 1,794,331 | — | — | 3,742,367 | |||||||||||||||
Georgia Tax-Exempt Bond Fund | 110 | — | 4,067,308 | — | 4,067,418 | |||||||||||||||
High Grade Municipal Bond Fund | 231,448 | — | 1,690,546 | — | 1,921,994 | |||||||||||||||
High Income Fund | 65,568,121 | 7,154,960 | — | — | 72,723,081 | |||||||||||||||
Intermediate Bond Fund | 7,484,125 | 16,244,063 | — | — | 23,728,188 | |||||||||||||||
Investment Grade Tax-Exempt Bond Fund | 5,104,197 | 300,882 | 18,008,553 | — | 23,413,632 | |||||||||||||||
Limited Duration Fund | 14,851 | — | — | — | 14,851 | |||||||||||||||
Limited-Term Federal Mortgage Securities Fund | 208,006 | — | — | — | 208,006 | |||||||||||||||
North Carolina Tax-Exempt Bond Fund | 163 | 1,186,858 | 1,186,590 | — | 2,373,611 | |||||||||||||||
Seix Floating Rate High Income Fund | 320,510,565 | — | — | — | 320,510,565 | |||||||||||||||
Seix High Yield Fund | 101,758,197 | 57,275,214 | — | — | 159,033,411 | |||||||||||||||
Short-Term Bond Fund | 746,437 | — | — | — | 746,437 | |||||||||||||||
Short-Term Municipal Bond Fund | 110,145 | — | 41,911 | — | 152,056 | |||||||||||||||
Total Return Bond Fund | 25,208,697 | 10,839,079 | — | — | 36,047,776 | |||||||||||||||
Ultra-Short Bond Fund | 969,033 | — | — | — | 969,033 | |||||||||||||||
U.S. Government Securities Fund | 128,781 | 112,599 | — | — | 241,380 | |||||||||||||||
U.S. Government Securities Ultra-Short Bond Fund | 13,537,248 | — | — | — | 13,537,248 | |||||||||||||||
Virginia Intermediate Municipal Bond Fund | 342,328 | 1,042,800 | 4,035,684 | — | 5,420,812 |
* | Net Investment income includes taxable market discount income and short-term capital gains, if any. |
** | The Funds hereby designate these amounts as Exempt Interest Dividends. |
Amounts designated as “—” are $0.
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
As of March 31, 2014 the components of distributable earnings (accumulated losses) on a federal income tax basis were as follows:
Fund | Undistributed Tax Exempt Income | Undistributed Ordinary Income | Undistributed Long Term Capital Gains | Net Unrealized Appreciation (Depreciation)* | Loss Carryforwards and Deferrals | Total | ||||||||||||||||||
Core Bond Fund | $— | $— | $— | $2,202,442 | $(3,969,222) | $(1,766,780) | ||||||||||||||||||
Corporate Bond Fund | — | — | — | 793,709 | (137,223 | ) | 656,486 | |||||||||||||||||
Georgia Tax-Exempt Bond Fund | 483,607 | — | — | 4,632,247 | (3,210,425 | ) | 1,905,429 | |||||||||||||||||
High Grade Municipal Bond Fund | 116,465 | — | — | 3,663,503 | (143,983 | ) | 3,635,985 | |||||||||||||||||
High Income Fund | — | 9,473,387 | 7,253,184 | 26,722,240 | — | 43,448,811 | ||||||||||||||||||
Intermediate Bond Fund | — | — | — | 1,744,718 | (807,208 | ) | 937,510 | |||||||||||||||||
Investment Grade Tax-Exempt Bond Fund | 1,086,932 | — | 860,070 | 34,002,490 | — | 35,949,492 | ||||||||||||||||||
Limited Duration Fund | — | — | — | 15,453 | (830,682 | ) | (815,229 | ) | ||||||||||||||||
Limited-Term Federal Mortgage Securities Fund | — | — | — | 69,817 | (862,691 | ) | (792,874 | ) | ||||||||||||||||
North Carolina Tax- Exempt Bond Fund | 16,496 | — | — | 1,319,571 | (959,666 | ) | 376,401 | |||||||||||||||||
Seix Floating Rate High Income Fund | — | 32,192,449 | — | 63,758,788 | (36,882,314 | ) | 59,068,923 | |||||||||||||||||
Seix High Yield Fund | — | 14,262,462 | 27,673,717 | 51,840,801 | — | 93,776,980 | ||||||||||||||||||
Short-Term Bond Fund | — | 32,246 | — | 297,263 | (1,420,398 | ) | (1,090,889 | ) | ||||||||||||||||
Short-Term Municipal Bond Fund | 3,943 | 165,963 | — | 65,458 | — | 235,364 | ||||||||||||||||||
Total Return Bond Fund | — | 3,046,909 | — | 11,046,893 | (23,471,737 | ) | (9,377,935 | ) | ||||||||||||||||
Ultra-Short Bond Fund | — | 71,698 | — | 358,306 | (2,683,748 | ) | (2,253,744 | ) | ||||||||||||||||
U.S. Government Securities Fund | — | 11,402 | — | (3,269 | ) | (106,759 | ) | (98,626 | ) | |||||||||||||||
U.S. Government Securities Ultra-Short Bond Fund | — | 1,061,154 | — | 25,982,976 | (21,397,226 | ) | 5,646,904 | |||||||||||||||||
Virginia Intermediate Municipal Bond Fund | 292,562 | — | — | 5,455,625 | (343,350 | ) | 5,404,837 |
* | The differences between book-basis and tax-basis unrealized appreciation (depreciation) is attributable primarily to tax deferral of losses on wash sales, futures contract mark to market, dividends payable, bank loan adjustments, forward contracts mark to market 988(a)(1)(b), and mark to market on credit default swaps. |
Amounts designated as “—” are $0.
The Funds utilize the provisions of the federal income tax laws that provide for the carryforward of capital losses from prior years, offsetting such losses against any future realized capital gains. Under the Regulated Investment Company Modernization Act of 2010 (the “Act”), net capital losses recognized in taxable years beginning after December 22, 2010 (“post-enactment”), may be carried forward indefinitely, and their character is retained as short-term and/or long-term losses. Previously, net capital losses were carried forward for eight years and treated as short-term losses (“pre-enactment”). The Act requires that post-enactment net capital losses be used before pre-enactment net capital losses.
As of March 31, 2014, the post-enactment accumulated short-term and long-term capital loss carryforwards were as follows:
Fund | Short Term | Long Term | Total | |||||||||
Core Bond Fund | $3,969,222 | $— | $3,969,222 | |||||||||
Georgia Tax-Exempt Bond Fund | 1,336,447 | 299,525 | 1,635,972 | |||||||||
High Grade Municipal Bond Fund | 143,983 | — | 143,983 | |||||||||
Limited-Term Federal Mortgage Securities Fund | 89,069 | — | 89,069 | |||||||||
North Carolina Tax-Exempt Bond Fund | 901,982 | 57,684 | 959,666 | |||||||||
Total Return Bond Fund | 23,471,737 | — | 23,471,737 | |||||||||
U.S. Government Securities Fund | 106,759 | — | 106,759 | |||||||||
U.S. Government Securities Ultra-Short Bond Fund | 8,450,644 | 4,538,098 | 12,988,742 | |||||||||
Virginia Intermediate Municipal Bond Fund | 343,350 | — | 343,350 |
* | Of the $89,069 of current year losses with no expiration date, $74,672 of pre-change losses are subject to limitations due to an ownership change on January 31, 2014. The remaining $14,397 of post-change losses are not limited. |
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NOTES TO FINANCIAL STATEMENTS (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
As of March 31, 2014, the pre-enactment accumulated capital loss carryforwards and expiration dates were as follows:
Expires | ||||||||||||||||||||||||
Fund | 2015 | 2016 | 2017 | 2018 | 2019 | Total | ||||||||||||||||||
Georgia Tax-Exempt Bond Fund | $— | $— | $119,406 | $1,455,047 | $— | $1,574,453 | ||||||||||||||||||
Limited Duration Fund* | — | — | — | 830,682 | — | 830,682 | ||||||||||||||||||
Limited-Term Federal Mortgage Securities Fund** | — | 773,622 | — | — | — | 773,622 | ||||||||||||||||||
Seix Floating Rate High Income Fund | — | 7,726,431 | 28,987,345 | — | — | 36,713,776 | ||||||||||||||||||
Short Term Bond Fund | — | — | — | 1,420,398 | — | 1,420,398 | ||||||||||||||||||
Ultra-Short Bond Fund | 667,058 | — | 202,726 | 1,362,740 | 451,224 | 2,683,748 | ||||||||||||||||||
U.S. Government Securities Ultra-Short Bond Fund | — | — | — | — | 8,408,484 | 8,408,484 |
* | Of the $1,457,939 of capital loss carryforwards subject to limitations due to an ownership change on June 30, 2013, $598,615 was written off as capital loss carryforward lost unused, $28,642 was utilized, and the remaining $830,682, will expire in 2018. |
** | Of the $12,251,718 of capital loss carryforwards subject to limitations due to an ownership change on January 31, 2014, $6,269,536 was written off as capital loss carryforward lost unused, $5,208,560 expired unused, and the remaining $773,622, will expire in 2016. |
Amounts designated as “—” are $0.
Capital loss carryforwards may be applied to offset future realized capital gains and therefore may reduce future capital gain distributions.
During the fiscal year ended March 31, 2014, the following Funds utilized capital loss carryforwards as follows:
Fund | Amount | |||
Limited Duration Fund | $28,642 | |||
Seix Floating Rate High Income Fund | 9,954,624 | |||
Short-Term Bond Fund | 692,511 | |||
Ultra-Short Bond Fund | 50,370 |
During the fiscal year ended March 31, 2014, the following Funds had capital loss carryforwards that expired in fiscal 2014 as follows:
Fund | Amount | |||
Limited-Term Federal Mortgage Securities Fund | $5,208,560 | |||
Ultra-Short Bond Fund | 522,402 |
Net capital losses incurred after October 31, and within the taxable year are deemed to arise on the first business day of the Funds’ next fiscal year. During the fiscal year ended March 31, 2014, the following Funds had net capital losses:
Fund | Short Term | Long Term | Total | |||||||||
Core Bond Fund | $137,223 | $— | $137,223 | |||||||||
Intermediate Bond Fund | 807,208 | — | 807,208 | |||||||||
Seix Floating Rate High Income Fund | 168,538 | — | 168,538 |
Pursuant to federal income tax rules applicable to regulated investment companies, the Funds may elect to treat certain capital losses between November 1 and March 31 and late year ordinary losses (i) ordinary losses between January 1 and March 31, and (ii) specified ordinary and currency losses between November 1 and March 31 as occurring on the first day of the following tax year. For the fiscal year ended March 31, 2014, any amount of losses elected as late year ordinary losses within the tax return will not be recognized for federal income tax purposes until April 1, 2014.
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NOTES TO FINANCIAL STATEMENTS (concluded)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
7. | Reorganizations |
On May 20, 2014, the Board approved the reorganization of the RidgeWorth Short-Term U.S. Treasury Securities Fund (the “Target Fund”) into the RidgeWorth U.S. Government Securities Ultra-Short Bond Fund (the “Acquiring Fund”), a separate series of the Trust. On August 1, 2014, the Acquiring Fund acquired all of the net assets of the Target Fund in a tax-free exchange of shares. The purpose of the transaction was to combine two portfolios with comparable investment objectives and strategies.
Target Fund | Shares Prior to Reorganization | IShares Issued by the Acquiring Fund | Appreciation (Depreciation) Prior to Reorganization | Net Assets Prior to Reorganization | ||||||||||||
I Shares | 292,773 | 282,619 | $1,211,429 | $2,864,452 | ||||||||||||
A Shares | 106,635 | 102,792 | (193,751 | ) | 1,041,835 | |||||||||||
C Shares | 414,503 | 399,340 | (1,008,009 | ) | 4,047,460 |
The combined net assets of the Acquiring Fund immediately after the reorganization were $1,786,800,909.
Assuming the acquisition had been completed on April 1, 2014, the beginning of the reporting period of the Acquiring Fund, the Acquiring Fund’s pro forma results of operations for the period ended September 30, 2014, were as follows:
Net Investment Income | $4,402,011 | |||
Net Realized and Unrealized Gains on Investments | $4,914,790 | |||
Net Increase in Net Assets resulting from Operations | $9,613,801 |
Because the combined investment portfolios have been managed as a single integrated portfolio since the acquisition was completed, it is not practicable to separate the amounts of revenue and earnings of the Target Fund that has been included in the Acquiring Fund’s Statement of Operations as of September 30, 2014.
8. | Subsequent Events |
Management has evaluated subsequent events through the date these financial statements were issued. Management has determined that there are no material events that would require disclosure in the Funds’ financial statements through this date.
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TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUNDS
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Set forth below are the names, age, position with the Trust, length of term of office, and the principal occupations and other directorships held during at least the last five years of each of the persons currently serving as a Trustee of the Trust. Unless otherwise noted, the address of each Trustee and officer is c/o RidgeWorth Investments®, 3333 Piedmont Road, Suite 1500, Atlanta, Georgia 30305. The Funds’ Statement of Additional Information includes more information about the Trustees and is available without charge, upon request, by calling 1-888-784-3863 and on the Funds’ website at www.ridgeworth.com.
Name and Age | Position Held with the Trust | Term of Office and Length of Time Served | Principal Occupation(s) During the Past 5 Years | Number of Portfolios in the RidgeWorth Complex Overseen by Trustees | Other Directorships Held By Trustee During the Past 5 Years | |||||||
Tim E. Bentsen (August 1953) | Independent Trustee | Indefinite; since 2012 | Lecturer- J.M. Tull School of Accounting, Terry College of Business at University of Georgia (2013-Present); Retired. Audit Partner and Account Executive (1993-2012); Lead Area Managing Partner (2005-2009); Office Managing Partner (2003-2009), KPMG LLP. | 32 | Synovus Financial Corp | |||||||
Jeffrey M. Biggar (February 1950) | Independent Trustee | Indefinite; since 2007 | Director of Special Gifts for Hawken School (since May 2013); Managing Director, Little Mountain Group, LLC (an independent Registered Investment Advisor consulting firm) (2011-2013); Chief Operating Officer, Cedar Brook Financial Partners LLC (2008-2010); Chief Executive Officer and Senior Managing Director, Sterling (2000-2006). | 32 | Multi-Manager Master Portfolios LLC (3 portfolios; thru 2013) | |||||||
George C. Guynn (December 1942) | Independent Trustee | Indefinite; since 2008 | Retired. President and CEO, Federal Reserve Bank of Atlanta (1996-2006). | 32 | Genuine Parts Company; Oxford Industries; Acuity Brands, Inc.; Multi-Manager Master Portfolios LLC (3 portfolios; thru 2013), Director of SUSA Registered Fund, LLC since 2014 | |||||||
Sidney E. Harris (July 1949) | Independent Trustee | Indefinite; since 2004 | Adjunct Professor (since May 2014), Professor (1997 – April 2014), Dean (1997-2004), J. Mack Robinson College of Business, Georgia State University. | 32 | Total System Services, Inc.; Multi-Manager Master Portfolios LLC (3 portfolios; thru 2013). | |||||||
Warren Y. Jobe (November 1940) | Independent Trustee | Indefinite; since 2004 | Retired. Executive Vice President and Chief Financial Officer, Georgia Power Company (1982-1998) and Senior Vice President, Southern Company (1998-2001). | 32 | WellPoint (thru May 2014) ; UNS Energy (thru 2013) | |||||||
Connie D. McDaniel (April 1958) | Independent Trustee | Indefinite; since 2005 | Retired. Vice President, Chief of Internal Audit, Corporate Audit Department (2009-2013); Vice President Global Finance Transformation (2007-2009); Vice President and Controller (1999-2007), The Coca-Cola Company. | 32 | Total System Services, Inc. | |||||||
Ashi S. Parikh* (February 1966) | Interested Trustee | Trustee since 2013 | Chief Executive Officer and Chief Investment Officer, RidgeWorth Investments (2010-present); President and Chief Investment Officer (2008-2010). | 32 | None |
* | Mr. Parikh is an “interested person” of the Trust, as defined in the 1940 Act, because he is an employee of the Adviser. |
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TRUSTEES AND OFFICERS OF THE RIDGEWORTH FUNDS (concluded)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Name, Address and Age | Position(s) Held with the Trust | Term of Office and Length of Time Served | Principal Occupation(s) During the Past 5 Years | |||
Julia R. Short (November 1972) | President and Chief Executive Officer | One year; since 2007 | Managing Director, Product Manager, RidgeWorth Investments (since 2004). | |||
Joseph M. O’Donnell (November 1954) | Executive Vice President and Chief Compliance Officer | One year; since 2011 | Managing Director, RidgeWorth Investments (since 2011); Executive Vice President and Chief Compliance Officer, ING Funds (2004-2011); Senior Vice President and Chief Compliance Officer, ING Investments, LLC (2006-2008 and October 2009-2011); and Senior Vice President and Investment Advisor Chief Compliance Officer, Directed Services LLC (2006-2008 and 2009-2011). | |||
Denise R. Lewis (October 1963) | Treasurer and Chief Financial Officer | One year; since 2012 | Director of Fund Administration, RidgeWorth Investments (since 2012); Vice President of Fund Analysis and Reporting, ING Investments Management, LLC (2006-2012). | |||
Benjamin H. Lowe (March 1978) | Assistant Treasurer | One year; since 2012 | Director of Fund Administration, RidgeWorth Investments (since 2011); Fund Controller, ALPS Fund Services, Inc. (2005-2011). | |||
James Bacik State Street Bank and Trust Co. 1 Iron Street Boston, MA 02110 (May 1975) | Assistant Treasurer | One year; since 2010 | Vice President, State Street Bank and Trust Company (since 2001).* | |||
Patrick J. Keniston Foreside Compliance Services, LLC Three Canal Plaza, Suite 100 Portland, ME 04101 (January 1964) | Anti-Money Laundering Officer and Identity Theft Prevention Officer | One year; since October 2013 | Director, Foreside Compliance Services, LLC (October 2008-present). | |||
Danio Mastropieri State Street Bank and Trust Company 4 Copley Place, 5th Fl. Boston, MA 02116 (June 1972) | Secretary and Chief Legal Officer | One year; since October 2013 | Vice President and Counsel, State Street Bank and Trust Company (since 2013); Vice President, Citi Fund Services, Inc. (2007-2013). # | |||
Timothy J. Burdick State Street Bank and Trust Company 4 Copley Place, 5th Fl. Boston, MA 02116 (October 1986) | Assistant Secretary | One year; since May 2014 | Assistant Vice President and Associate Counsel, State Street Bank and Trust Company (since 2011); Student, Northeastern University School of Law (2008-2011).* |
* | During the period indicated the officer has held various positions at State Street Bank and Trust Company and has provided his or her current title. |
# | During the period indicated the officer held various positions at Citi Fund Services, Inc. and had provided his final title. |
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RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Shareholder Meeting Results
A special meeting of shareholders (the “Meeting”) of each series of RidgeWorth Funds (the “Trust”) was held on April 16, 2014. The details of the voting with respect to each Proposal are shown below. Each Proposal received the required number of affirmative votes for approval.
The Meeting was held to consider and act on the following proposals:
Proposal 3: To approve the implementation of a manager of managers arrangement that will permit RidgeWorth Investments (the “Adviser”), subject to prior approval by the Board of Trustees, to enter into and materially amend agreements with unaffiliated subadvisers without obtaining the approval of the applicable Fund’s shareholders.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
U.S Government Securities Ultra-Short Bond Fund | 92,245,028.477 | 29,695,408.124 | 3,106,117.587 |
Proposal 4: To approve a new investment advisory agreement between the Adviser and the Trust, on behalf of each Fund.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
U.S Government Securities Ultra-Short Bond Fund | 94,076,967.353 | 28,063,892.383 | 2,905,694.702 |
Proposal 7: To approve a new subadvisory agreement between the Adviser and Seix Investment Advisors LLC, on behalf of the Core Bond Fund, Corporate Bond Fund, Georgia Tax-Exempt Bond Fund, High Grade Municipal Bond Fund, High Income Fund, Intermediate Bond Fund, Investment Grade Tax-Exempt Bond Fund, Limited Duration Fund, Limited-Term Federal Mortgage Securities Fund, North Carolina Tax-Exempt Bond Fund, Seix Floating Rate High Income Fund, Seix High Yield Fund, Short-Term Bond Fund, Short-Term Municipal Bond Fund, Short-Term U.S. Treasury Securities Fund, Total Return Bond Fund, Ultra-Short Bond Fund, U.S. Government Securities Fund, U.S. Government Securities Ultra-Short Bond Fund, and Virginia Intermediate Municipal Bond Fund.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
U.S Government Securities Ultra-Short Bond Fund | 93,594,731.589 | 28,269,115.394 | 3,182,707.455 |
A special meeting of shareholders (the “Meeting”) of each series of RidgeWorth Funds (the “Trust”) was held on April 23, 2014. The details of the voting with respect to each Proposal are shown below. Each Proposal received the required number of affirmative votes for approval.
The Meeting was held to consider and act on the following proposals:
Proposal 3: To approve the implementation of a manager of managers arrangement that will permit RidgeWorth Investments (the “Adviser”), subject to prior approval by the Board of Trustees, to enter into and materially amend agreements with unaffiliated subadvisers without obtaining the approval of the applicable Fund’s shareholders.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
Core Bond Fund | 9,864,281.114 | 175,845.456 | 121,122.085 |
Proposal 4: To approve a new investment advisory agreement between the Adviser and the Trust, on behalf of each Fund.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
Core Bond Fund | 9,980,073.571 | 58,816.306 | 122,358.778 |
Proposal 7: To approve a new subadvisory agreement between the Adviser and Seix Investment Advisors LLC, on behalf of the Core Bond Fund, Corporate Bond Fund, Georgia Tax-Exempt Bond Fund, High Grade Municipal Bond Fund, High Income Fund, Intermediate Bond Fund, Investment Grade Tax-Exempt Bond Fund, Limited Duration Fund, Limited-Term Federal Mortgage Securities Fund, North Carolina Tax-Exempt Bond Fund, Seix Floating Rate High Income Fund, Seix High Yield Fund, Short-Term Bond Fund, Short-Term Municipal Bond Fund, Short-Term U.S. Treasury Securities Fund, Total Return Bond Fund, Ultra-Short Bond Fund, U.S. Government Securities Fund, U.S. Government Securities Ultra-Short Bond Fund, and Virginia Intermediate Municipal Bond Fund.
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ADDITIONAL INFORMATION (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
Core Bond Fund | 9,965,334.549 | 72,683.328 | 123,230.778 |
A special meeting of shareholders (the “Meeting”) of each series of RidgeWorth Funds (the “Trust”) was held on May 21, 2014. The details of the voting with respect to each Proposal are shown below. Each Proposal received the required number of affirmative votes for approval.
The Meeting was held to consider and act on the following proposals:
Proposal 3: To approve the implementation of a manager of managers arrangement that will permit RidgeWorth Investments (the “Adviser”), subject to prior approval by the Board of Trustees, to enter into and materially amend agreements with unaffiliated subadvisers without obtaining the approval of the applicable Fund’s shareholders.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
Limited-Term Federal Mortgage Securities Fund | 578,086.410 | 27,730.354 | 61,792.572 | |||||||||
Short-Term U.S Treasury Securities Fund | 526,296.438 | 148,846.794 | 35,617.482 |
Proposal 4: To approve a new investment advisory agreement between the Adviser and the Trust, on behalf of each Fund.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
Limited-Term Federal Mortgage Securities Fund | 575,265.310 | 24,197.454 | 68,146.572 | |||||||||
Short-Term U.S Treasury Securities Fund | 544,319.843 | 145,243.544 | 21,197.577 |
Proposal 7: To approve a new subadvisory agreement between the Adviser and Seix Investment Advisors LLC, on behalf of the Core Bond Fund, Corporate Bond Fund, Georgia Tax-Exempt Bond Fund, High Grade Municipal Bond Fund, High Income Fund, Intermediate Bond Fund, Investment Grade Tax-Exempt Bond Fund, Limited Duration Fund, Limited-Term Federal Mortgage Securities Fund, North Carolina Tax-Exempt Bond Fund, Seix Floating Rate High Income Fund, Seix High Yield Fund, Short-Term Bond Fund, Short-Term Municipal Bond Fund, Short-Term U.S. Treasury Securities Fund, Total Return Bond Fund, Ultra-Short Bond Fund, U.S. Government Securities Fund, U.S. Government Securities Ultra-Short Bond Fund, and Virginia Intermediate Municipal Bond Fund.
Fund | Affirmative Votes | Objecting Votes | Abstaining Votes | |||||||||
Limited-Term Federal Mortgage Securities Fund | 572,991.310 | 26,471.454 | 68,146.572 | |||||||||
Short-Term U.S Treasury Securities Fund | 551,638.152 | 143,224.794 | 15,897.768 |
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ADDITIONAL INFORMATION (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Expense Examples
As a shareholder of the RidgeWorth Funds, you incur two types of costs: (1) transaction costs, including sales charges (loads) on purchases; and (2) ongoing costs, including management fees, 12b-1 distribution and/or service fees, and other Fund expenses. These examples are intended to help you understand your ongoing costs (in dollars) of investing in the RidgeWorth Funds and to compare these costs with the ongoing costs of investing in other mutual funds.
These examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from April 1, 2014 through September 30, 2014.
Actual Expenses
The table below provides information about actual account values and actual expenses. You may use the information below, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the table under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.
Fund | Class | Beginning Account Value 04/01/14 | Ending Account Value 09/30/14 | Expenses Paid During Period* 04/01/14-09/30/14 | Expense Ratio During Period** 04/01/14-09/30/14 | |||||||||||||||
Core Bond Fund | I Shares | $1,000.00 | $1,022.90 | $2.33 | 0.46 | % | ||||||||||||||
A Shares | 1,000.00 | 1,021.70 | 3.45 | 0.68 | ||||||||||||||||
R Shares | 1,000.00 | 1,020.80 | 4.36 | 0.86 | ||||||||||||||||
Corporate Bond Fund | I Shares | 1,000.00 | 1,026.30 | 3.40 | 0.67 | |||||||||||||||
A Shares | 1,000.00 | 1,024.90 | 4.82 | 0.95 | ||||||||||||||||
C Shares | 1,000.00 | 1,020.20 | 8.36 | 1.65 | ||||||||||||||||
Georgia Tax-Exempt Bond Fund | I Shares | 1,000.00 | 1,044.90 | 3.18 | 0.62 | |||||||||||||||
A Shares | 1,000.00 | 1,044.20 | 3.74 | 0.73 | ||||||||||||||||
High Grade Municipal Bond Fund | I Shares | 1,000.00 | 1,048.20 | 3.34 | 0.65 | |||||||||||||||
A Shares | 1,000.00 | 1,047.50 | 4.05 | 0.79 | ||||||||||||||||
High Income Fund | I Shares | 1,000.00 | 1,002.80 | 3.87 | 0.77 | |||||||||||||||
A Shares | 1,000.00 | 1,001.80 | 4.82 | 0.96 | ||||||||||||||||
R Shares | 1,000.00 | 1,000.70 | 5.97 | 1.19 | ||||||||||||||||
IS Shares | *** | 1,000.00 | 992.10 | 1.07 | 0.64 | |||||||||||||||
Intermediate Bond Fund | I Shares | 1,000.00 | 1,009.80 | 2.27 | 0.45 | |||||||||||||||
A Shares | 1,000.00 | 1,009.00 | 3.12 | 0.62 | ||||||||||||||||
R Shares | 1,000.00 | 1,007.90 | 5.23 | 1.04 | ||||||||||||||||
Investment Grade Tax-Exempt Bond Fund | I Shares | 1,000.00 | 1,034.30 | 3.31 | 0.65 | |||||||||||||||
A Shares | 1,000.00 | 1,033.50 | 4.08 | 0.80 | ||||||||||||||||
Limited Duration Fund | I Shares | 1,000.00 | 1,000.90 | 1.66 | 0.33 | |||||||||||||||
Limited-Term Federal Mortgage Securities Fund | I Shares | 1,000.00 | 1,026.60 | 3.40 | 0.67 | |||||||||||||||
A Shares | 1,000.00 | 1,025.70 | 4.42 | 0.87 | ||||||||||||||||
C Shares | 1,000.00 | 1,021.60 | 8.41 | 1.66 | ||||||||||||||||
North Carolina Tax-Exempt Bond Fund | I Shares | 1,000.00 | 1,040.60 | 3.33 | 0.65 | |||||||||||||||
A Shares | 1,000.00 | 1,038.90 | 3.99 | 0.78 | ||||||||||||||||
Seix Floating Rate High Income Fund | I Shares | 1,000.00 | 1,005.40 | 3.07 | 0.61 | |||||||||||||||
A Shares | 1,000.00 | 1,003.90 | 4.57 | 0.91 | ||||||||||||||||
C Shares | 1,000.00 | 999.80 | 7.57 | 1.51 | ||||||||||||||||
Seix High Yield Fund | I Shares | 1,000.00 | 1,007.20 | 3.07 | 0.61 | |||||||||||||||
A Shares | 1,000.00 | 1,006.40 | 4.38 | 0.87 | ||||||||||||||||
R Shares | 1,000.00 | 1,004.80 | 5.43 | 1.08 | ||||||||||||||||
Short-Term Bond Fund | I Shares | 1,000.00 | 1,002.00 | 3.01 | 0.60 | |||||||||||||||
A Shares | 1,000.00 | 1,001.00 | 4.01 | 0.80 | ||||||||||||||||
C Shares | 1,000.00 | 998.00 | 6.91 | 1.38 | ||||||||||||||||
Short-Term Municipal Bond Fund | I Shares | 1,000.00 | 1,007.70 | 2.77 | 0.55 | |||||||||||||||
A Shares | 1,000.00 | 1,005.90 | 3.52 | 0.70 | ||||||||||||||||
Total Return Bond Fund | I Shares | 1,000.00 | 1,023.00 | 2.18 | 0.43 | |||||||||||||||
A Shares | 1,000.00 | 1,022.10 | 3.60 | 0.71 | ||||||||||||||||
R Shares | 1,000.00 | 1,019.80 | 5.32 | 1.05 | ||||||||||||||||
IS Shares | *** | 1,000.00 | 1,002.00 | 0.55 | 0.33 |
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ADDITIONAL INFORMATION (continued)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Fund | Class | Beginning Account Value 04/01/14 | Ending Account Value 09/30/14 | Expenses Paid During Period* 04/01/14-09/30/14 | Expense Ratio During Period** 04/01/14-09/30/14 | |||||||||||||||
Ultra-Short Bond Fund | I Shares | $1,000.00 | $1,002.50 | $1.86 | 0.37 | % | ||||||||||||||
U.S. Government Securities Fund | I Shares | 1,000.00 | 1,012.20 | 3.78 | 0.75 | |||||||||||||||
A Shares | 1,000.00 | 1,012.50 | 4.79 | 0.95 | ||||||||||||||||
C Shares | 1,000.00 | 1,009.80 | 7.51 | 1.49 | ||||||||||||||||
U.S. Government Securities Ultra-Short Bond Fund | I Shares | 1,000.00 | 1,005.40 | 1.96 | 0.39 | |||||||||||||||
Virginia Intermediate Municipal Bond Fund | I Shares | 1,000.00 | 1,027.50 | 3.20 | 0.63 | |||||||||||||||
A Shares | 1,000.00 | 1,028.00 | 3.76 | 0.74 |
* | Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days in the most recent fiscal half-year divided by the number of days in the fiscal year. |
** | Annualized. |
*** | IS Shares commenced operations on August 1, 2014. Expenses are equal to annualized expense ratio, multiplied by the average account value over the period, multiplied by 61 (the number of days since the commencement of the Class on August 1, 2014), then divided by 365. |
Hypothetical Example
The table below provides information about hypothetical account values and hypothetical expenses based on each RidgeWorth Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads) or redemption fees. Therefore, the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
Fund | Class | Beginning Account Value 04/01/14 | Ending Account Value 09/30/14 | Expenses Paid During Period* 04/01/14-09/30/14 | Expense Ratio During Period** 04/01/14-09/30/14 | |||||||||||||||
Core Bond Fund | I Shares | $1,000.00 | $1,022.80 | $2.33 | 0.46 | % | ||||||||||||||
A Shares | 1,000.00 | 1,021.70 | 3.45 | 0.68 | ||||||||||||||||
R Shares | 1,000.00 | 1,020.80 | 4.36 | 0.86 | ||||||||||||||||
Corporate Bond Fund | I Shares | 1,000.00 | 1,021.70 | 3.40 | 0.67 | |||||||||||||||
A Shares | 1,000.00 | 1,020.30 | 4.81 | 0.95 | ||||||||||||||||
C Shares | 1,000.00 | 1,016.80 | 8.34 | 1.65 | ||||||||||||||||
Georgia Tax-Exempt Bond Fund | I Shares | 1,000.00 | 1,022.00 | 3.14 | 0.62 | |||||||||||||||
A Shares | 1,000.00 | 1,021.40 | 3.70 | 0.73 | ||||||||||||||||
High Grade Municipal Bond Fund | I Shares | 1,000.00 | 1,021.80 | 3.29 | 0.65 | |||||||||||||||
A Shares | 1,000.00 | 1,021.10 | 4.00 | 0.79 | ||||||||||||||||
High Income Fund | I Shares | 1,000.00 | 1,021.20 | 3.90 | 0.77 | |||||||||||||||
A Shares | 1,000.00 | 1,020.30 | 4.86 | 0.96 | ||||||||||||||||
R Shares | 1,000.00 | 1,019.10 | 6.02 | 1.19 | ||||||||||||||||
IS Shares | *** | 1,000.00 | 1,021.86 | 3.24 | 0.64 | |||||||||||||||
Intermediate Bond Fund | I Shares | 1,000.00 | 1,022.80 | 2.28 | 0.45 | |||||||||||||||
A Shares | 1,000.00 | 1,022.00 | 3.14 | 0.62 | ||||||||||||||||
R Shares | 1,000.00 | 1,019.90 | 5.27 | 1.04 | ||||||||||||||||
Investment Grade Tax-Exempt Bond Fund | I Shares | 1,000.00 | 1,021.80 | 3.29 | 0.65 | |||||||||||||||
A Shares | 1,000.00 | 1,021.10 | 4.05 | 0.80 | ||||||||||||||||
Limited Duration Fund | I Shares | 1,000.00 | 1,023.40 | 1.67 | 0.33 | |||||||||||||||
Limited-Term Federal Mortgage Securities Fund | I Shares | 1,000.00 | 1,021.70 | 3.40 | 0.67 | |||||||||||||||
A Shares | 1,000.00 | 1,020.70 | 4.41 | 0.87 | ||||||||||||||||
C Shares | 1,000.00 | 1,016.70 | 8.39 | 1.66 | ||||||||||||||||
North Carolina Tax-Exempt Bond Fund | I Shares | 1,000.00 | 1,021.80 | 3.29 | 0.65 | |||||||||||||||
A Shares | 1,000.00 | 1,021.20 | 3.95 | 0.78 | ||||||||||||||||
Seix Floating Rate High Income Fund | I Shares | 1,000.00 | 1,022.00 | 3.09 | 0.61 | |||||||||||||||
A Shares | 1,000.00 | 1,020.50 | 4.61 | 0.91 | ||||||||||||||||
C Shares | 1,000.00 | 1,017.50 | 7.64 | 1.51 | ||||||||||||||||
Seix High Yield Fund | I Shares | 1,000.00 | 1,022.00 | 3.09 | 0.61 | |||||||||||||||
A Shares | 1,000.00 | 1,020.70 | 4.41 | 0.87 | ||||||||||||||||
R Shares | 1,000.00 | 1,019.65 | 5.47 | 1.08 |
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ADDITIONAL INFORMATION (concluded)
RIDGEWORTH FUNDS September 30, 2014
(Unaudited)
Fund | Class | Beginning Account Value 04/01/14 | Ending Account Value 09/30/14 | Expenses Paid During Period* 04/01/14-09/30/14 | Expense Ratio During Period** 04/01/14-09/30/14 | |||||||||||||||
Short-Term Bond Fund | I Shares | $1,000.00 | $1,022.10 | $3.04 | 0.60 | % | ||||||||||||||
A Shares | 1,000.00 | 1,021.10 | 4.05 | 0.80 | ||||||||||||||||
C Shares | 1,000.00 | 1,018.10 | 6.98 | 1.38 | ||||||||||||||||
Short-Term Municipal Bond Fund | I Shares | 1,000.00 | 1,022.30 | 2.79 | 0.55 | |||||||||||||||
A Shares | 1,000.00 | 1,021.60 | 3.55 | 0.70 | ||||||||||||||||
Total Return Bond Fund | I Shares | 1,000.00 | 1,022.90 | 2.18 | 0.43 | |||||||||||||||
A Shares | 1,000.00 | 1,021.50 | 3.60 | 0.71 | ||||||||||||||||
R Shares | 1,000.00 | 1,019.80 | 5.32 | 1.05 | ||||||||||||||||
IS Shares | *** | 1,000.00 | 1,023.41 | 1.67 | 0.33 | |||||||||||||||
Ultra-Short Bond Fund | I Shares | 1,000.00 | 1,023.20 | 1.88 | 0.37 | |||||||||||||||
U.S. Government Securities Fund | I Shares | 1,000.00 | 1,021.30 | 3.80 | 0.75 | |||||||||||||||
A Shares | 1,000.00 | 1,020.30 | 4.81 | 0.95 | ||||||||||||||||
C Shares | 1,000.00 | 1,017.60 | 7.54 | 1.49 | ||||||||||||||||
U.S. Government Securities Ultra-Short Bond Fund | I Shares | 1,000.00 | 1,023.10 | 1.98 | 0.39 | |||||||||||||||
Virginia Intermediate Municipal Bond Fund | I Shares | 1,000.00 | 1,021.90 | 3.19 | 0.63 | |||||||||||||||
A Shares | 1,000.00 | 1,021.40 | 3.75 | 0.74 |
* | Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by the number of days in the most recent fiscal half-year divided by the number of days in the fiscal year. |
** | Annualized. |
*** | IS Shares Commenced operation on August 1, 2014. Expenses (hypothetical expenses if IS Shares had been in existence from April 1, 2014) are equal to the Fund’s annualized expense ratio, multiplied by the average account value over the period, multiplied by 183 (the number of days in the most recent six-month period), then divided by 365. |
Proxy Voting Information
Information regarding the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities is available without charge, upon request, by calling 1-888-784-3863. The information also is included in the Funds’ Statement of Additional Information, which is available on the Funds’ website at www.ridgeworth.com and on the Securities and Exchange Commission’s (“SEC”) website at www.sec.gov.
Information relating to how each Fund voted proxies relating to portfolio securities held during the most recent twelve months ended June 30 is available on the Funds’ website at www.ridgeworth.com and on the SEC’s website at www.sec.gov.
Quarterly Portfolio Holdings Information
The Funds file their complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The Funds’ Forms N-Q are available free of charge on the SEC’s website at www.sec.gov. You may also review or, for a fee, copy those documents by visiting the SEC’s Public Reference Room in Washington, D.C. Information on the operation of the Public Reference Room may be obtained by calling the SEC at 1-800-SEC-0330.
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INVESTMENT ADVISER:
RidgeWorth Investments®
3333 Piedmont Road, NE, Suite 1500
Atlanta, Georgia 30305
www.ridgeworth.com
INVESTMENT SUBADVISERS:
Seix Investment Advisors LLC
10 Mountainview Road, Suite C-200
Upper Saddle River, New Jersey 07458
www.seixadvisors.com
This information must be preceded or accompanied by a current prospectus for each Fund described. An investor should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing or sending money. This and other important information about RidgeWorth Funds can be found in the Fund’s prospectus. For additional information, please call 1-888-784-3863, or visit www.ridgeworth.com. Please read the prospectus carefully before investing.
DISTRIBUTOR:
RIDGEWORTH DISTRIBUTORS LLC
RFSAR-FI-0914
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Item 2. Code of Ethics.
Not applicable.
Item 3. Audit Committee Financial Expert.
Not applicable.
Item 4. Principal Accountant Fees and Services.
Not applicable.
Item 5. Audit Committee of Listed Registrants.
Not applicable.
Item 6. Schedule of Investments.
(a) | Schedule of Investments is included as a part of the reports to shareholders filed under Item 1 of this Form N-CSR. |
(b) | Not applicable. |
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
The Board of Trustees has not adopted formal procedures by which shareholders may recommend nominees to the Board of Trustees.
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Item 11. Controls and Procedures.
(a) The registrant’s principal executive officer and principal financial officer have concluded, based on their evaluation of the registrant’s disclosure controls and procedures as conducted within 90 days of the filing date of this report, that these disclosure controls and procedures are adequately designed and are operating effectively to ensure that information required to be disclosed by the registrant on Form N-CSR is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms.
(b) There were no changes in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that have materially affected or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 12. Exhibits.
(a) (1) Not applicable.
(2) The certifications required by Rule 30a-2(a) of the 1940 Act are attached hereto.
(3) Not applicable.
(b) The certifications required by Rule 30a-2(b) of the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
RIDGEWORTH FUNDS
By: | /s/ Julia R. Short | |
Julia R. Short | ||
President |
Date: December 5, 2014
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/ Julia R. Short | |
Julia R. Short | ||
President | ||
Date: | December 5, 2014 | |
By: | /s/ Denise R. Lewis | |
Denise R. Lewis | ||
Treasurer | ||
Date: | December 5, 2014 |